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Sorry for all the questions, but here's the Oct 9 PR which makes no reference to that increase in the shares :
http://finance.yahoo.com/news/American-International-pz-184338793.html?x=0&.v=1
And I don't see it in recent AMIN SEC filings
Could you post a reference?
llbo, why (and when) do you think the shares would increase from 50 to 75M?
Q3 rev?
Unless I've missed something, the Q1 rev = $0, and Q2 rev = $0, but there are reasons to believe that in the second half of the year the company has had money coming in. What is reasonable to expect? At a minimum it seems to be $2501 from that link you posted, and possibly millions if enough hours have been billed. But that's a huge range, what's most probable?
Could one of you chart wizards take a look at EGT ? I'm no expert but it looks like a great chart to me... TIA, 5cap
Why do you think it will go to 0.40?
Anyone have an earnings release date? Last year it wasn't until the 18th
I just thought you might since they have ROV operations. Back to EGT, the chart is looking ready for another major step up, GLTY
rovguy, your name caused me to look at your profile and see the offshore ROV work. Do you follow DPDW?
My guess is 9.5M in Q3 and 13.5M in Q4.
Well, it will be interesting to see the Q3 report. I know what you mean about the lack of press releases this quarter, but I look at the first half revenue, $13.3M, and then do the math according to some pretty recent info:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42695023
One possibility is that Q3 is another ~$6M or $7M quarter, but then either Q4 is killer or the COB has limited visibility into his own business. Makes more sense to me that Q3 is going to be significantly better than the previous two.
I'm not sure I understand. Why would you expect a bottom after the earnings release? Seems like if it's not up to expectations, the stock might drift lower, and if it's strong then it heads north and the bottom was prior to the release.
ok, but we're talking about only 3% of his shares. There are plenty of reasons why someone would want to raise some cash, so a conclusion like "he wants out" is premature, imho.
Unless I missed something, the conclusion that "he wants out" because he filed to sell 750k shares out of 25M seems a little rash.
doubt there is going to selling "into earnings." The quarter will be very good, and Q4 that we are in now will be outstanding. I partially bought back in at .167 this afternoon, and expect a low in the next week or so not too far below where we are now. Then a slow trend up. The RSI got way way overbought, no one should be surprised at a sell off. The good news is she has woken up..
A little DD:
The september roadshow presentation slides were filed with the SEC on 9/10:
http://www.sec.gov/Archives/edgar/data/1004673/000110465909053901/0001104659-09-053901-index.htm
And transcripts of recent earnings calls are here:
http://seekingalpha.com/search/?source=search_general&q=elixir+earnings+call&cx=001514237567335583750%3Acdhc2yeo2ko&cof=FORID%3A11%3BNB%3A1
Note that in Q1,Q2 '09 and also Q4 2008 calls there are transcription errors on the analyst name. In each case it's actually Paul D. Sonz of Sonz Partners, a hedge fund.
to clear that up (I just got some pm's) , back when the IR email wasn't working , Kristi Marak answered the phone at DDI and gave me an email addrs that would work.
5cap
Spec, thanks for those thoughts. With respect to meeting the 2009 rev projection they might well overcome the slow start to the year. Back in sept with 20 days left in the quarter Gene Butler responded to my email to IR:
"
I don’t give guidance or projections, but even though the first half was a slow start, I still have every reason to believe that we should exceed that level of revenues.
Gene
From: xxxx@comcast.net
Sent: Wednesday, September 09, 2009 10:52 AM
To: Kristi Marak
Subject: IR question
Hello,
I hold shares of DPDW and have for some time. This weekend I read the transcript of the presentation that Gene Butler gave at the Energy Capital Week presentation. When discussing yearly revenues in the presentation Mr. Butler noted last years rev of $35.8M and stated "clearly we’ll exceed the 35.8 this year."
Could you please tell me if that statement from three months ago is still the company's guidance.
I can also be reached at xxx-xxx-xxxx if that is easier.
Thank you, "
Spec, in that Energy Capital Week presentation that you posted awhile back, Gene Butler is talking about exceeding $35M in rev for 2009. Given the $13M total posted in Q1 and Q2, that means Q3 and Q4 will be stellar quarters coming up. Where do you see the stock going if they make that rev forecast?
Chart looks good but is there a chance of default next week?
Credit line balance at the start of the year $82.7 Million.
As of Sept 30 $100.1 Million.
Extensions to the terms of the credit line have been given by the lenders multiple times, with the following deadlines:
May 31
June 5
June 30
Sept 9
Sept 30
Oct 13
I'm not familiar with TLCVision, but it seems that the company has a large amount of current debt and I'm guessing they are having trouble securing long term financing. Is that correct and is this a death spiral situation?
Wednesday's OS was given here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42044304
9/30: 1,412,575,785 (even though I incorrectly wrote sept 31 on the post).
It will be interesting to check with the TA tomorrow. My guess is the company didn't miss this opportunity to bring in some cash, lol. Most likely a lot more than the order that was PR'd today brought in, judging from the lack of any specifics in the press release. caveat emptor!
OS as of Sept 31, noontime : 1,412,575,785
Transfer Agent
Olde Monmouth Stock Transfer Co., Inc.
200 Memorial Pkwy
Atlantic Highlands, NJ 07716
http://www.oldemonmouth.com/
lol, a bit more than "about 700 million." Was that just poor DD or were you purposely trying to mislead potential buyers?
Let me try one more time please, I'm sorry if I was misunderstood. Click on the link you gave me in that post. You claim it is the Sept 2009 financials. Yet is says, at the top of the page, March 2009. Please explain. And then explain why you are asking me to "get a life".
5cap
That link you gave leads to the supposed "financials" dated March 2009. Please compare with the Dec 2008 version from the company website:
http://www.thresherindustries.com/investor_relations.html
I'll save you the trouble: $2130 in the bank, three months apart? Or a not very well thought out presentation of the "financials", lol, in order to sell more stock? you decide..
They have a nice website but are they still in business? Their unaudited financials showed only $2k in cash at the start of this year and so far I've gotten no answer to an email I sent in. Anyone call lately to see if the lights are on?
What's the outstanding share count and the recent history (i.e. has it been constant for some years or are they diluting?)
TIA,
5cap
found this interesting site:
http://www.offshore-technology.com/contractors/indexAtoZ.html
So if neither the mod nor SirFelix made him an assistant, how did he get to be an assistant?
ok, thanks. On a larger note, suppose one is of the opinion that, in say 5 to 10 years, inflation will of taken hold and the dollar will be much lower in relation to certain other currencies and gold. How to position a TSP account for this? Buying the I fund might help some, but it has significant exposure to many other countries that have even higher debt per GDP than even the US (like the UK, Switzerland and France), and no exposure to China. Is this a common topic raised on the board ? (I checked the ibox but didn't see an faq).
5cap
Cool, how does one "do a little bit of shorting" with money in one of the TSP funds?
No, his leaving would have caused the default clause to be effective if the waiver had not been granted.
No relation? Take a look at DPDW vs crude from the beginning of 08 onwards. Up to the summer of 08, down until the spring of 09, then some flat-lining. The charts are identical. What do you mean?
no, not for another 7 weeks or so:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36293246
"Sixty-five-cents per share is a lot of money for this small company, taking into consideration revenues and the number of shares that are out there. Perhaps massive revenues coming from the Flotec division could support that price down the road but at this time I think we would be set up for a bagholding fall."
That doesn't square at all with a PP of 57 million shares at 0.70 in June of 08. You would have to believe that the PP investors ponied up $40 million with little or no DD.
With regard to your first sentence, why? -TIA
At the moment I'm inclined to just do it and take my chances with a jury of my peers, as I doubt you could find 12 people who would agree with the logic of awarding the right of full deductability of all losses to a Madoff victim but not a cyberkey victim. However, I have a year to chew on it since it would apply to my 2009 return, not my 2008.
From the IRS website. Search under "Madoff" to find this memo:
http://www.irs.gov/pub/foia/ig/tas/tas-13.1-0309-003.pdf
From Litigation Release No. 20049
The Securities and Exchange Commission ("Commission") today announced the filing of a civil injunctive action alleging that a Utah-based corporation and its Chief Executive Officer made at least $1.5 million selling shares while disseminating false claims of a lucrative purchase order from the Department of Homeland Security.
Italics are mine. See the third paragraph of my previous post.
THEFT LOSS VS. CAPITAL LOSS
http://findarticles.com/p/articles/mi_m0ICC/is_3_73/ai_n6332561
"A taxpayer who claims a theft-loss deduction must first establish that the loss resulted from theft. The definition of "theft" for federal income tax purposes is found in Edwards v. Bromberg, 232 F. 2d 107 (5th Cir. 1956), where the court defined it as a word of general and broad connotation, intended to cover any criminal appropriation of another's property to the use of the taker, particularly including theft by swindling, false pretenses and any other form of guile.
For Sec. 165 to be applicable, there must be a specific intent to defraud. The taxpayer needs to have purchased the investment from the person or agent of the seller, or entity who made the misrepresentations or committed the malfeasance. If the client simply engages in a standard open-market transaction, such as purchasing a publicly traded security, and there was no criminal intent, it probably does not qualify for the theft-loss deduction.
In the case of a standard open-market transaction, where a loss is a result of an illegal act by management, the seller would have to have been privy to the fraudulent nature of the investment for the transaction to be executed with criminal intent. If a broker makes reckless statements, circulates half-truths, false opinions or predictions, then the transaction may qualify for this treatment."
So if you have come to the conclusion that the cyberkey scam does not fall under IRS section 165, then this will surely get you upset:
http://www.stockbrokerfraudblog.com/2009/03/madoff_and_stanford_victims_ca.html
nice. My faith in the system needs to be restored, and this will help.
They are going to sentence him 3/23 and 2 months after that complete a list of people hurt by the scam? Seems backwards.