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2's hit, new low. Think Rico just silenced his supporters with this round of dilution.
Looks like everyone got their 3's this morning.
Yep, through NITE
Rico is at it again.
What's the share structure of GRPS? Ibox is a bit old.
I haven't seen HDSN on top of the ask all week so disagree. Besides there is nothing that says Rico's buyer isnt using a retail broker to unload their shares.
Not true this week. AUTO has been on top of the ask at .005 which is probably a few TDA traders trying to flip their .004's. NITE, AUTO and ETMM are the active MM's right now indicating retail traders.
21.5M sitting at .0005. Looks like the .0004 buyers are happy with 25% gains. Good for them.
Also looks mostly like retail so dilution may be done for now.
Exercising caution here with Rico is smart trading....
It's not like Rico to let this die on the vine. He usually issues bogus press in conjunction with his dilution. My guess is his buyer is getting shares for .0002 and will continue to work with Rico as long as there are buyers at 4.
With volume dropping lately he will need to release something to spark up interest again.
Haven't seen an updated O/S. Wonder if it is still 450M?
$15,000
No, there sitting on the bid.
2 x 1 Getting some interest it seems. Someone is accumulating if you ask me
Yep. Now would be a good time for an update.
Only if you don't consider history as an indicator.
"The RS in 2007 was not done by Expert Group, plain and simple ... " But the shares sold after it which resulted in the 2009 Reverse were done by Expert Group, plain and simple.
If this is such a solid investment then what is there to show for the billion or more shares Expert has issued and sold since 2007's R/S? Or where is all the profits from the mortgage company the last three years?
This is a flip only. Holding long for ridiculous gains will only hurt.
This is what history tells us.....
And where are those now? My bet is lower than they were before those runs.
Rico will not let this run like that. His greed will lead to more dilution so that he can profit before any chance of a big pop here.
But that Reverse Split in 2007 was for Rico and Expert. He was the one who diluted it massively from there and then Reversed it again in 2009 only to dilute it once again.
Not everyone is here because they are upset so much as to make sure investors know Rico's history and don't get caught up with current promises that WILL be broken. Those high prices that get hit will be shares bought by someone who will have to take a loss after the next reverse.
So who jumped my .0081? Come on now, play nice and let them finishing filling me first. LOL!
Me to. To cheap to pass up....
Again with the dollar "represented" in the deal? And again, the dollar included the "represented" value after acquiring the hotel, not before. Without the acquisition, no dollar value.
Nothing cloak and dagger with that and certainly nothing worth filing suit over.
If, if, if....
If cows could fly......
The fact is this is just a stinky pinky shell and is trading like one right now. Until TMSH puts out an update that is.
Until then we wait for the cows to fly home....
Wasn't the ATM locator site supposed to launch on the 15th?
http://www.expertatm.com/
The only asset is Rico's condo. You are right, this is a shell but one that dilutes. And "book value" drops with each new share that hits. And so does market cap. Liabilities are only lower than this asset because Rico pays his debt down with his dilution and has hardly no staff to pay other than himself, probably his wife and a couple mortgage brokers on commission.
Next, you can tout this hotel deal but the fact is it is no different than any other deal Expert announced in the past. Whatever happened to the $100M hotel loan announced? To try and sell this storyline based upon recent news is misleading considering the dozens and dozens of press releases issued in the past that were false. There are probably over a hundred press releases issued since Rico got this "shell" and yet here we are in trip zeros.
The only constants here are the year end financials don't support the quarterly "profits" reported when Expert is diluting and Rico will R/S this screwing those unfortunate enough to buy into this polyanna crap.
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=%20expu
Bwaaahaaa. The only reason Expert has a small market cap is 1) 2 previous reverse splits, and 2) No assets.
Market caps are meaningless in pinkies when dilution happens.
You asked me to review the financials and I did. Not pretty!
As for the economy and Europe, blah, blah, blah. Everyone knows pinkies aren't effected by this. And where is all the profits from the 100's of millions in loan originations Expert announced before the economy nose dived? He couldn't make money as a lender when the market was hot and now he is supposed to make a fortune in the ATM business when most people are broke. That's freaking hilarious. Wrong, wrong, wrong!
No it's not. Moving from mortgages to ATM's is just a new excuse for them to dilute.
This is nothing more than a flip imo. Experto will burn any who go long.
Share prices are based upon value not expectations. Expectations do play a small part, but in the end the market always trades stocks at their value. This is why financials are filed. Have you seen Experts financials? Not very impressive, especially if you compare the past years with the press releases.
Expecting huge returns here in the long run (or even by year end) will cost investors bigtime.
By the way, history should be an important element if making an investment on "expectations" and Experts history speaks volumes......
How about this:
EXPERT FINANCING & COMPANIES
INCOME STATEMENT
Read Accountants' Compilation Report
3
12 Months Ended
December 31, 2010
Sales
Commission Income $ 387,711
Other income 122
Less Returns & Allowances 0
Total Sales 387,833
Cost of Goods Sold
Credit reports,Condo fees etc. 8,233
Other costs 28,945
Commissions 37,451
Recruiting 2,514
Travel 3,157
Fannie Mae 165
Total Cost of Goods Sold 80,465
Gross Profit 307,368
Operating Expenses
Salaries and compensation 117,535
Payroll taxes 867
Office expenses 7,656
Rent and occupancy 73,200
Advertising and Marketing 71,335
Insurance 3,455
Legal and professional 10,793
Auto expense 1,634
Utilities 17,812
Miscellaneous 14,930
Total Operating Expenses 319,217
Operating Income (Loss) (11,849)
From their 2010 press releases:
02/05/2010
Expert Group, Inc. Projects $4.3M Revenues for 2010; Presents Business Vision
Kind of missed this sales prediction
How about this update in March
Expert Group, Inc (PINKSHEETS: EXPU) today announced its origination for months ended March 31, 2010.
SUMMARY:
First quarter originations was 15,874,144
•Expert Financing, Inc continues to experience steady residential mortgage loan activity through the first quarter with 15 million in origination mortgage loans.
Hmmmmmm, Based upon the 2010 financials I guess they couldn't close many of these originations either.
And then there is this,
Expert Group, Inc. (PINKSHEETS: EXPU) announced that President Robert Rico issued the following letter to shareholders providing a corporate update, which includes financial results for 2nd Quarter 2010 (Apr-Jun).
Expert Group has continued to make progress in 2010. For the period of April/Jun 2010 our company generated income of $215,595, with a Net: $127,568 as compared to 2nd Quarter 2009 (Apr-Jun) Gross: $190,694.
Hmmmm, so here he claims total income for 2nd and 3rd quarter 2010 as $343,163 but the year end financials said total sales were only $44,670 higher for the entire 2010 at $387,833.
And then in July originations are touted as $20M for the first 3 quarters of 2010.
07/29/2010 Expert Group, Inc. Releases 20 Million in Originations
Impressive if they could only close more of these. 7% of 20M would have been $1.4M
Anything else I can research and explain?
Potential, another key word. And what I responded to was the information from the financial you copied and which needed clarification! All truth about EXPU.
I posted facts. Anything else need explaining from the financials? Truth hurts.....
Expert can spin all they want but facts are facts.
And there is only one reason for it to pop, and facts have nothing to do with it
http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=%20expu
Where do you get this 65% margin? LOL, no way. Let's assume an average transaction fee of $3. Then between the bank holder of the used credit card, the location owner where the ATM is placed, and Expert, who all get a piece of this fee. Expert would be lucky to get $1 per transaction. 10,000 transactions over a quarter is only $10k in revenue for 3 months. Then they have to pay someone to service the machine and add cash at least a few days each week. Can't be much left of this "revenue".
Gross revenue for this quarter was roughly $10,000. If this is a 100% increase over previous quarter, then it was likely only $5,000. Even with your assumption of a 65% margin rate this isn't much.
Also let me point out revenue growth and profit growth are two completely different animals and if Expert had tremendous "profit" growth then there would be no need to dilute!
"Expert sold 10 thousand ATM Transactions during the quarter, a 100 percent unit increase"
One unit is a transaction not an ATM.
"The Company has seen a huge growth in mortgage originations due to the foreign buyers in the Miami Condo market."
A mortgage origination is far from a loan closing. An origination simply means a person has gone to Expert's website or calls them direct and fills out the loan request. If Expert gets 10 of these for homes averaging $100k then they can claim loan originations for $1M. The problem is that based upon the financials for the past 3 years there aren't many loans actually closing. If there were then there would be no need for dilution.
"***The successful completion of this initial agreement could potentially yield millions of dollars for Expert.***
Yeah, right! Could potentially not dilute any more either.
Some understand EXACTLY what this is worth.
From previous conversations here, it was claimed Helios was dead because it was no longer listed in their financials. Maddyandboomer responded that he had asked them about this, which is what I reposted. The updated financials (and hopefully audited) will correct this oversight in the financials.
So it sounds like Helios is at least still alive and the $500k will show up on this amended filing.
maddyandboomer
Tuesday, September 13, 2011 1:05:08 PM
Re: slojab post# 12717
Post # of 12733
"...you asked about missing helios -- I asked him for you...will be corrected in Amended 10Q."
Which I admitted.
For some there is no saving.....
The Canouse issue explains alot now to why FTCH never really took off. What a shame.
Because he already has that answer and has posted such.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67016332
Dimyat is dead, ok?
The other you refer to was a turd because of Canouse and his debt wraps as outlined in the link posted here. I would say this was relevant to FTCH and should be noted. A lawsuit for illegal debt wraps by this CEO and his brothers in the past is probably not known by many here and makes things here suspect.
What people don't realize is Rico has to have somebody buying his shares and my guess is they are here. He doesn't sell directly into the market but sells to individuals, a group, or a company at discounted rates. Typically these shares are picked up for half or less of pps when the transaction happens. For example he issues 10M shares and sells them at .003 when pps is .006 and pockets $3k. Then these shares are sold into the market by his buyer. If they can get pps up to .001 then they make a killing for their $3k investment.
In 2 months O/S went up over 100M and if Rico got an average of .005 for them, he pockets $50k and his buyer easily made north of 6 figures. IHub does not require investors who buy discounted shares from Rico to report themselves as IR's. And these types of campaigns don't show up as paid touts.
Where's the pollyanna attitude? How many innocents were coaxed into buying above .001 and are stuck now?
Rico will NEVER change and anyone who says otherwise is being misleading.
Man you guys are touchy here. I've been following FTCH for years since back when Van first mentioned it, long before the other turd. Just realized the Canouse connection which I admit was pretty ignorant on my part.
Nowhere did I try to "save" anyone in that comment. Seems to me the embarassment is here with investors so much on edge that they would go after someone asking a simple question about Canouse.
Deal with that!
I wasn't making any accusations. Was just asking a question because I hadn't realized they were brothers until this morning.
So relax.....
Besides, this thing has been stalled for quite some time.
Never mind. Just found this showing they are brothers.
http://caselaw.findlaw.com/ga-court-of-appeals/1531686.html
Never mind, they are brothers. Has anyone seen this?
http://caselaw.findlaw.com/ga-court-of-appeals/1531686.html