Information is everything.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Who is Julian Fisher and Mark leyva I think you got it mixed up, and if he owns 6.88% he is a affiliate and has to file with the SEC to sell and I don't see any filings so he is holding for a better PPS.
Ask to see the contracts and I understand that the landlord is in the same building so please ask about the rumor FLST is getting evicted at the end of the month.
I couldn't find any filings of the eviction on the Florida court web site so I think its not true but since you are going to be in the building. Thanks.
The 5 million you are talking about are restricted so they can't sell, No Dilution.
yes they were and if you look at the L2 you would know that.
I'm with Eturd and have no problem
DANR alive again
If FLST received an eviction order it would be in court documents so please post the doc's, I bet they can't.
yes and then they knocked it down to 3 again with a 100 share sell, someone is playing games to keep the price down.
nice paint job again 100 shares @.003= $.03cents total trade plus $9 trade charge LOL
Funny the way they keep dropping it back down to 2 from 4 with a 100 share paint job on L2
Thomas McDonnell is still on the board according to the filings the only one that left was Paul Major.
Board mark, thanks for the heads up on WNTR
Your information is wrong, Go back to the SEC web site and look at the two form 4/A filled on 7-22-13 the 29,000 nor the 350,000 were sold, its apparent that some have something against FLST and if you are going to post please be accurate in the information you post. Wagner never sold shares nether did any former or present CEO let alone any insiders.
Don't know whats going on because I smacked the ask and had to wait for 3 min. to fill
Yes that's what I saw but only on OTC not out yet on market wire or others, looks like it will run in the morning.
WNTR new out
So you are saying that Wagner traded 1 million dollars for $10K doesn't make sense also I still haven't been able to find a filing that says Wagner paid off the note for the 200 series preferred shares.
Sports nuts was the shell that changed its name to Fuelstream and did an RS to clean up the books so it would look clean for AFI and from the date that the revers merger took place FLST hasn't had a reverse split, what people don't get is that Sports nuts/Fuelstream was a shell until 2012 when the AFI merger was finalized and all of the management and share structure changed as of today the authorized shares are 50 million not 500 million that the sticky says.
Sean Wagner doesn't control FLST, if you go back to the fillings you would find that a note was given to Mark Clock for the 200 super majority voting shares and I have looked at all the fillings but I can't find any filing that show Sean Wagner ever paid for them so until Wagner pays for them he has no control.
Please show me a filing that shows Wagner paid for them and is in control of the 200 shares, this would be a big deal and would have had to be filed with the SEC.
If you go back to the filing of the 13G you will see that all Asher is stating is that if FLST doesn't pay them they have the rite to convert up to 9.99 percent which is 3,027,575, Asher cant covert until January 19,2014 if you read the filings you would see that the Asher note was signed on July 19,2013 and they have to wait six month to convert and FLST can pay the note off before then thats why you saw the news today that FLST is in talks to pay them off.
Do you really think that FLST is going to let Asher convert and kill the stock I don't think so because more then half of the outstanding shares are in insiders hands and are restricted controlled shares and if they let Asher convert the insiders would loose big.
Easy question to answer since I am in the aviation business.
You say where did .30 a gallon come from simple .30 is actually a low number if you are selling Jet-A fuel and financing it most of the time the actual number is .50 to .60 cents.
And no its not ridiculously high, the major airlines buy in bulk and you only make .03 to .06 a gallon but they have the money to employ a big fueling department with large overhead and all the headaches and insurances that come with an operation like that but the smaller Airlines don't have the deep pockets to have a fuel purchasing department, thats where FLST comes in since FLST has no bureaucracy like the airlines do and FLST can be run with much less personnel the margins are incredible.
If you would like to do some DD just call your local regional airport and ask them how much does a gallon of Jet-A cost then call a commodities broker and ask them the same question if you did that you would see the big difference in price.
Hear is the true valuation of FLST.
My figures roughly are as follows;
1,800,000 times $.30 = $ 540,000.00 per month
$540,000 times 12 months is $ 6,480,000 a year for just this one contract
Companies in this space trade above a ten plus multiple which should give Flst, for this contract alone a value of approximately $65,000,000. If you were to value the stock with only this one contract it would give the share value to a little over $2.00 a share at a 25 to 30 multiple this stock would be valued at $6.00 per share based on competitors valuation. Given that this contract is only one of many being worked on you could assume that the value per share should be higher if they are able to secure and finance additional contracts. If FLST were to make $.50 a gallon the numbers would be $900,000 gross profit a month or $10,800,000.00 per year
A ten time multiple for this one contract is a market value of $ 108,000,000.00 divided by 30 million shares should be valued at $3.60 a share....with just the one contract
Just facts, the numbers don't lie.
You say that the company is putting out non specific PR and not following thru but they just put out news not fluff recently providing proof that the so called PR on August 8 has started so how can you say that they don't follow thru if the fact is they did just that follow thru and started to book revenue.
Thats not possible because the stock that was given out had to have been restricted for at least six months
When you called the transfer agent didn't they tell you that of the 30 million shares there are 18,223,116 million restricted and belong to affiliates so in reality FLST has only 12,082,945 if you call Gayle at Colonial stock transfer.
You also want to know how long the shares are restricted for but that doesn't matter, if the insiders and affiliates sell they need to file with the SEC and so far on the fillings the insiders haven't sold, why would you sell if you got them for over $2.00 it makes sense to hold.
As for your question who received 2,063,550 it was Global Airline when they became a partner with FLST.
On Sean Wagner's shares do you think that at these prices he would sell and as I stated before he is an affiliate and is restricted on the shares he can sell and he would have to disclose to the SEC and as per my DD I see no sales by Sean Wagner or Robert Catala as a matter of fact I see no insider sales.
You say you could be wrong, just don't think so. What do you mean you don't think so if you said in prevues posts that you were an insider at FLST until the end of 2012 and if so you shouldn't be asking for information you would know being an insider.
Ill try again since you didn't like my response, WHAT DOES THE 10Q HAVE TO DO WITH A STOCK HOLDER RESPECTFULLY REQUESTING TO A MODERATOR TO ADD ALL OF THE INFORMATION OF HOW THE OUTSTANDING SHARES WENT UP BY 50% NOT JUST THE NEGATIVE, THE WHOLE TRUTH IS THAT THE OUTSTANDING SHARES WENT UP BECAUSE FLST SETTLED WITH CREDITORS AND LAWSUITS.
AND THAT BENEFITS FLST AND ITS SHARE HOLDERS.
If you read any penny stocks filings you will read in the companies own words that it doesn't look good for the future. they say that to cover there butts
I thought you said the that it went to families and friends
You say the payment of $5,883,875 in 2012 was not legitimate but you need to go back to the 2012 10K on page 9 it clearly states that on October 16 2012 2,040,551 restricted shares of common stock were given to two accredited investors as payment for services rendered keep in mind that at the time they were issued (and they were restricted) the price of the stock was $2.88 THATS HOW YOU GET $5,883,875 BUT YOU FAIL TO MENTION THAT AT TODAYS PRICE THE SAME SHARES ARE ONLY WORTH $140,798
Page 9 of the 2012 10Q shows that the shares didn't go to family and friends like was stated and the statement that the stocks are unrestricted are not true see page 9 of 2012 10Q.
And you say there were some sales in 2012 but you fail to mention that it wasn't just some sales it was $1,054,826 as per page 10 of the 2012 10K and the cost of the sales were 907,083 for a profit of $147,743 and that was done at the end of the year, FLST didn't have a loss of $6,0809,082 that loss was from the prevues company which you fail to mention.
FLST did a revers merger with the company that had $6,0809,082 and unfortunately when you do a reverse merger the SEC doesn't let you start from 0 you have to take all of the old losses so when you say FLST had a loss of over $6 million in 2012 its not true and its misleading.
I see that FLST's IBOX was updated since only the mods can update it can they put the reason that the outstanding shares went up 50% is do to settling AFI's old lawsuits and that benefits FLST. Thanks
The AFI case was in 2008 way before FLST bought them out so FLST will not be liable for any of AFI's problems.
In 2012 FLST did do business they grossed over a million dollars so I don't what you are talking about.
which filling and what page are you talking about (over 5 million dollars)
If you go back to the SEC filings you will find that Sean Wagner doesn't own the preferred stock yet he has to pay for them and he hasn't, But if he is getting all of the the stock you say that is good because as an affiliate he can't sell without filling with the SEC and he is restricted by volume.
I looked at the filings and see no stock sales from Sean Wagner nor the CEO Robert Catala.
Can you tell me what page you found that information because information for November is not due until this last quoter.
Colonial said the outstanding is 29 mill but the float is 12 mill because 17mill are restricted, Big difference if you care to call Colonial.
The 10Q says 27,706,061 not over 30 mill like you say.
Read the 10Q page 17
Colonial is up to date the Float is 12,082,945 and the outstanding is just over 29 million don't assume call Colonial.
The company did state on an 8k that they settled with several creditors for common shares thats where you get the so called dilution.
I called Colonial stock transfer they said that the float is only 12,082,945 if a company really wanted to dilute don't you think with 200,000,000 million authorized they would be closer to the maximum of 200,000,000 not just 12,082,945 in the float.
And that's how it works in the real world of financing.
You don't need 5 mill you have to look at the big picture all FLST needs in financing is $500,000 that will give them 166,666 gallons of jet fuel and say they only get .30 a gallon as the profit that's still $50K and even if they only turn it twice a month that's $100K a month in pure profit.
So I say look at the big picture, the accountant will book that transaction for that month as $500,000 x 2= 1mill
Plus the 100,000 in profits = $1,200,000 a month in revenue and we all know that a stock price depends on revenue so the 10Q will look like $3,600,000 for the quarter so even if the first financing deal is high when the 10Q comes out with that kind of revenue FLST will be able to get a much better financing deal and a lot bigger line of credit.
So you see it doesn't take a lot of money to go from no revs to big revs just look at the big picture and we know with those kinds of numbers over $3.5 mill in revs in just three months the price per shares will go up and so will the valuation of FLST and with those numbers will come better financing.
I agree in what you say quote "in the real world business works with real numbers" and these are the real numbers with just $500K imagine with a $5 mill line of credit.
Hi folks finally got paroled again for the 5th time I should change my handle to Jailbird, seems to me that it's been quiet because they are working on something big.
Some say its a good ole boys club and FLST won't be able to get in but whom ever said that didn't do any DD,
The new CEO Robert Catala has been in the good ole boys club for over 20 years if you look back at the CEOs past you would see that he has plenty of experience in this so called club if you do some DD you would see that Robert Catala's last job before FLST was the head of providing Fuel for companies like FLST the company was called JD oil and they provide fuel for fuel brokers.
So now what is going to be the excuse. We have a good ole boy as the CEO of FLST so we are in just waiting for a good financing plan.