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The filing for end April is due now and they filed a notification of late filing pointing to today for the filing. If I see no revenues or paltry revenues, then all my shares go up for sale immediately, I am not fooling around any longer, there are many other opportunities out there and I would accept losses and move on, there are no more excuses at this point, it's downright infuriating. I do see a large block of a half million shares for sale at .015 off and on these past few weeks, so there could be some downward pressure if trying to get out at the ask, which is even more depressing if it comes to that.
I have tried calling the company and all I ever get is a voicemail of some sort, and I wouldn't waste my breath on leaving one at this point. If anyone has any insight into what the company is doing, I'd be very interested, but I am sick of looking at photos on their Facebook and other sites, it's just a bunch of hot air at this point.
While I could not call it a scam at this point (with the founder continuing to put in his own money and no way that I can see of his milking the company for money when there is no money to be had), it surely is deceptive - just read thru all the press releases going back over a year - none of them have come true except arguably the web site, and I am not even sure that is real at this point, we'll see soon with this filing. But all that talk about post election high, all that huge interest, if it were there, then there would have been revenues for the end January filing, and there was nothing. And social media, there's nothing out there but their own touting of the brand on their sites.
Though I did find the following:
http://www.premiumdenimjeans.com/premium-denim-jeans-cartel-blue-spring-collection-fully-underway/
Cartel Blue Inc. is thrilled to announce its 2016 men’s and women’s premium denim jeans collection is fully underway for Spring production.
Spring delivery to storefronts is imminent as well as the launch of the their website will be ready to go. While complete manufacturing of Cartel Blue 2016 spring collection is close, its 2016 fall and winter collection is also in the midst.
President of Cartel Blue Inc., David Rhodes said, “The entire Cartel Blue team is elated that after months of focused efforts its full 2016 spring apparel line will be available to consumers soon.”
The filing for end April is due now and they filed a notification of late filing pointing to today for the filing. If I see no revenues or paltry revenues, then all my shares go up for sale immediately, I am not fooling around any longer, there are many other opportunities out there and I would accept losses and move on.
Man I can't believe with all the stuff these guys have going on that it sets new lows. It was so bad I had an order in at .68 at the open thinking what a great deal, and it filled at .64 at the open. Unbelievable. Enough is enough.
Thanks very much for the detailed writeup. One thing I didn't know is how much of Philou does McKea own, probably a well kept secret. Anyway another item to keep in mind that I have mentioned on this board before is that Philou is continuing to fund the company @70 cents a share, beyond the initial investment @55 cents a share. Would anyone in their right mind pour money into a stock selling significantly below what they are financing it for - usually it's the other way around - they get a discount to the current price. Now that is looking after shareholders. Now they do get the warrants to buy more @70 so in the long run they will be able to "average down" if the stock takes off. Granted they surely couldn't have expected the price to drop this low in a zillion years (I didn't) but regardless they are sticking to their guns in supporting the company.
The MTIX thing is incredible. It is truly revolutionary/disruptive and once it gets going who knows what will happen. How they stumbled into the deal is an interesting story also if I recall. Everyone should watch the MTIX video, it's mesmerizing. I just wish they could get those machines built as fast as possible to start booking revenue. Imagine how many companies would love to have a system like this that is so green.
I've met Todd a couple times, he's brilliant in my opinion.
Loaded heavily the other day @16/17. So far I am basically the main buyer of this stock since the beginning of the year and that's friggin scary. But again, these guys stayed current on filings for years while they retooled - is that something a scam company would do, I highly doubt it. This stock is not on anybody's radar, if it were, then there would be other buyers. So be it, sometimes you have to go in it alone which is exactly what I am doing, having brought down my cost to ~ a quarter. Tell me its not worth double that in the next few months and eventually a buck.
I am locked and loaded. I really believe this is going to be positive in the next few months.
Wow, that is a great gesture, I would like to see other suffering company CEOs (/majority owners) do the same, I think it makes sense and it shows less greed and more concern for the shareholder.
I sold some from 25 to 41 and have started buying back today and would like to buy more in the sub 25s if funds permit.
We're now at Series E Preferred. You think we can get thru the whole alphabet by the time we are done?
Any SEC site it can be found, here it is from DPWs site:
digitalpower.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=12114829&Type=HTML&filename=DIGITAL_POWER_CORP_8K_20170607
I respect what you say, and you may be completely right, I just can't say for sure. What I do really believe is that there is gold in the ground, a ton of effort has gone in to getting this far, and I truly hope this comes to fruition otherwise we will all be very discouraged. I just cant stand the waiting, but what else to do.
Thats why I'd like to see someone get out on site and report back.
Filings now up to date and press release on a cools sales approach, but still no volume (except for mine and a couple others). Lets see what they can do.
8-K today has the latest investor presentation. It all looks good, I think this continues to be a steal.
Do you think it has bottomed yet? Well you were certainly right, kudos for you. In any case I have continued to average down now to an avg .54 which certainly is a ways away from where it sits now. Nonetheless, I see no reason for them not to be successful, there was never any insider selling, and they have a solid collection of horses, so I think at this point it's a waiting game as the horses continue to be bred and eventually sold. I can't wait for that point where they will be finally able to declare some decent revenues. I think they're going to have to make due with what they have in capital and build slowly, since it would be hard to raise money at these prices.
While I agree on a number of points with regards to history, at the same time I do believe they are trying to move ahead and a huge effort spread out over a few years was not just for burning our investment dollars. I know as a fact especially the period after last August was very painful (I won't give specifics here), and I don't like the web site down so long, and I don't like no recent filing, but I also believe they have been on a shoe string budget as has been implied. I've gotten sporadic response from them, even very recently, and sometimes I have gotten some specifics and other times not, and I have tried updating this board periodically. Could I be wrong, absolutely I could be, but I don't think I am, and I certainly hope I am not, that would be very very discouraging to say the least.
You should try calling and emailing yourself, I'd be interested if you get a response, I would think you would if you tried hard enough.
Also I have asked a few times, if anyone is within 6 hours drive of the site, can they try visiting. I know, I know, why in the world should we have to do such a thing, why can't they just communicate, I don't know, but as I mentioned also, they don't want to make forward looking statements any more. As per my last update, I believe they are done with the process with the BLM, in fact the BLM has even confirmed that with me, and they are working on getting state/local permits, but I just don't have any details on how that is going, just that it will be soon. That would include drilling wells - that's why I'd like to see someone visit, I did so in Dec '15 but only b/c I was out that way.
Please don't shoot the messenger. I am a very frustrated investor just like everyone else and I do believe there is gold in the ground, we just gotta get it out. If there is anything I have learned about the mining process is that it's 10x longer and more involved than one might be led to believe, combined with the fact that they have just done a poor job of communicating along with some bad luck (and maybe bad planning) along the way.
Added: if anyone wants to private message me to discuss further, I am open to that as well, but like many I am worn out and don't enjoy posting here anymore, it's just too discouraging.
These guys are serious: 8-K just released shows Philou holds to its commitment adding another million bucks of financing the kitty @70 cents/share while the stock is trading @45 cents/share (they do get warrants to buy more at that price, but still, they are stepping up to the plate while the rest of us can buy at a steep discount). Man they must know a hellava lot more than the rest of us.
Just noticed, announced this past Monday, an 8-K subscription agreement with 8 accredited investors for 416K and preferred C shares (new class) convertible @.60/share. Ironic the stock was trading around .54 when the agreement was signed 5/24, and has since dropped 25%. So, these investors obviously believe in the company and to boot, the warrants they received are for a buck/share.
the placement agent gets 10% of proceeds which brings the raise down to around 375K, hmm.
My conclusion remains the same: the insiders know what they have and where they are going, and some savvy outside investors believe them. The lemmings meanwhile can't stop selling. I am betting on the former.
Wow its been dead here. I don't know what to make of this. The e-commerce site is up, but we have absolutely no idea what is happening behind the scenes. If anyone knows anything please let us know! For now I am in hold mode, but this cannot go on forever.
This is absolutely insane at these prices. Forcing myself to buy at these prices, while painful, should be fruitful in the longer term, but also possibly in the shorter term as well. We are well below what was invested into the company by Philou and others, and in fact the options to buy more are in some cases double the price now, this is fascinating.
My understanding is that the 3 x 2016 10-Qs are coming around the corner, then of course the 2016 10-K. Lots of catching up to do, and I'll feel much better when it's all done.
Absolute STEAL today, the market makers must be asleep at the wheel, what dopes. Able to pickup another 16K shares at the all time bottom. Gotta get more funds to dump into this at these prices if they remain down here, I simply cannot believe it.
Pooky, keep just one thing in mind. the new CEO is part of the group with the largest interest in this being successful, more than all of us combined. So, there is no way in the world, that I can come up with, that there is not a huge vested interest in making the company money, or maybe just as much, not losing any more money than they already have. But the sense of urgency seems to not be there. One thing for sure, Brian told me maybe the one time I ever talked to him that he doesn't believe in putting out news for the sake of putting out news. Well, fine, then does that mean they have accomplished nothing and/or doing nothing up to his departure?
the price action is extremely and I mean extremely disappointing. This company should not be selling at these prices. The equities.com and zachs small cap research reports released have not yet positively affected the stock price. While the company has clearly communicated that losses will continue to occur in the next year as infrastructure is built, shareholders seem to be caught up with a show me the money attitude. I cannot imagine this dipping under 50 cents but obviously I have been wrong so far in the price action.
I agree with your statements related to dilution, I don't think it's too bad at all considering that length of time. And having the management vested is a good thing also.
You motivated me to check my avg cost and with some lucky sells along the way, my overall avg is 36 cents, and while if I look at this chart when I started buying in the 60s, is not unreasonable (I am not kicking myself, yet.) I certainly never thought it would get anywhere near these prices. I did try to buy in the teens a couple times but timing wise simply haven't been able. I would still try if I had free cash I felt I would be willing to devote, but so far my best price is 23 cents which is disappointing. I just can't imagine that this is going to sink into the abyss. I hope you are able to recover, but I wouldn't necessarily wait for it to sink too low as that may never happen, but who am i to say either.
While we wait, has anyone actually tried contacting the company? In the past I got absolutely nowhere in doing so, and in fact usually nobody even answered emails or the phone. Is this new CEO around? I just don't want to waste my breath.
This is an absolute steal at these prices, and nobody knows about it. I was just able to pick up the last 14K shares avg .21, does it get any cheaper, who knows, but I'll certainly give it a shot at maybe .17, the bottom is here somewhere.
You think they would spend years retooling the company for nothing, no way in the world, just watch and see, it's coming.
I believe this is a compelling buy at these prices and have stepped up with a small purchase to replenish previous sells and would allocate more if I had the funds to do so. This stock always spikes bigtime from time to time, granted nothing is a guarantee that this would continue to happen, and maybe there won't be any more times it will happen, but I think it will, either on good news or speculation. I would think that the floor is somewhere around here.
I dont think you can trade this. The volume is anemic and for the most part always has been. Losing patience, well yeah, who hasn't except maybe the most experienced gold investors who know how long these things can really take, and that ain't me, not until now. I think we just have to wait, there is nothing else we can do. I wish I lived out that way and could visit easily to see any progress.
Rob was the past CEO, Craig is the current CEO, there is no question about that. We just gotta wait at this point, they are not giving projections, only results.
My understanding is that the website is being re-tooled, so not to worry about that. Also I believe that they are done with the BLM's involvement with this project and are working on other permits required. When we get an actual announcement, I certainly have been expecting it soon, but when I simply don't have that level of visibility.
It certainly is an amazing opportunity to buy in. Granted the amount being bought on the open market is trivial in comparison to how much is already owned, it sends a message. I still cannot believe it has retraced all the way and beyond. One not so negative way to look at it is that there is a much higher number of shares than before all of this and the price is around where it started, and so the actual value of the company has increased, but, I was expecting a hellava lot more than this, and, there will be more dilution as they stated so the price needs to maintained and I am expecting it to actually increase through that as anticipation of growth is realized. And also, the float is partially contained, Philou ain't sellin nothing, which is a positive.
Well this price action I certainly never expected. DPW is now selling at the price it was purchased for at 55 cents in September which should be a floor for prices. While I think its a screaming buy, evidently many do not. I am continuing to buy heavily at these prices.
All they need to do is show just even some revenue from the Mexico project to keep things alive and from burning cash (though they shouldnt really be burning any cash now that the only employee they have is not being paid LOL). But of course there are filing expenses, which as we see they havent actually filed which is a bit concerning - how hard could that be - they have hardly done anything that we know of.
I take this Ruskie getting into the mix as a positive, let's see if he can communicate with shareholders, sooner than later may I add, a lot sooner.
I noticed that also, it's been a few days actually, I have NO idea why. Last time this happened it was a different message. My understanding is that they are close but my contact with them has been sporadic. Evidently the previous CEO Rob Macintosh died this last couple weeks and is very sad for everyone, but they are continuing to move forward.
Philou continues to back the company now investing a half a million and paying 70 cents a share while the stock is trading at 60 cents as I write this. If they are willing to pay market price or more in this case, then I'm willing to pay 61 cents which I just did this morning.
Meanwhile, Zachs small cap research has started coverage on DPW:
http://s1.q4cdn.com/460208960/files/News/2017/May-5-2017_DPW_Thompson.pdf
They do really lay it out on the table regarding the risks, the dilution, etc., it's not a bad summary.
The key is to get some revenues going, get the stock price up, and minimize the dilution.
gee I would really have liked to see this hold some of the gains into the 70s, but meanwhile it pulls back all the way to the lows of the previous week and close to where it was before mti-x announcement. Investors are simply not giving credit for the large planned revenue growth - arent we supposed to buy the rumor sell the news. Well they have sold the news which is discouraging. All I can say is that if anyone want to get in for the long haul, this is the opportunity to do so. Could it hang around here for a while, sure it could, but it could also stair step its way up in the ensuing months. NOBODY I repeat NOBODY truly knows the path this will take. But I am betting that whatever that path, it will be in the multi-dollar range when all is done.
Well they are doing what they said they were going to do. There is going to be a substantial amount of dilution as this progresses, and I hope shareholders give them the benefit of the doubt.
Interesting how the news was out and there was no activity whatsoever but all of a sudden volume has surged.
If this takes off for whatever reason at one point, I would at least take some off the table above a buck and beyond, but very conservatively.
Well, I've invested a lot as well (though not nearly what you have), and my approach has been to average down and take profits here and there (started buying at .26), but there has been some luck involved in timing of that as well for me, bring my cost down to .025 with the washout the other day, about double the price right now.
8-K yesterday has Irvington Investments now call the shots putting the company director at the help of PROP, though maybe thats been in the works for a few months I don't know, but clearly Brian failed and I am pissed about that. Ivan is taking no salary ($1/yr) which is a great move not only in saving $ but also it sends a message that he's not just milking the company, given his company owns a lions share of PROP. Man what I would do to be able to talk to him, but who knows he probably doesn't even live in the U.S.
As far as investor lawsuit, not sure how that works or how that would be organized. I dont see any fraud here, just poor running of the company, so it might be hard to prove anything significant.
AVLP has filed fiscal year 2015 filing, finally. It appears to have been a lot of work to do, and next on deck is the fiscal year 2016 filing. The vape business is gonzo, just too competitive. The restaurant business should be decent revenue, I called them and they are seeing more business every day. But the biggy is MTI-X, and evidently people simply don't see that yet, but they will.
Meanwhile some shares traded hands at a dime, I simply could not believe it. I'll try to accumulate at these prices but I am not counting on getting filled.
I've sold most of my position at this point, made a little on this which isnt bad considering I started buying at 80, but I just don't feel comfortable with all the toxic loans out there. The fact it went down to 18 cents at the low concerned me. If it falls back to say 25 maybe I'd get back in, but otherwise I would clear my last bit with a push towards 50. If it keeps going, then all the power to anyone still engaged, it certainly could do so.
Well, I couldnt help myself, I backed up the truck today and was ironically only 15% of the buying. Someone undercut my bid at one point and 272K shares crossed the wire near a penny, I think the market makers are doing something here.
Someone or some people just wanted out today, that's all I can conclude, and had a ton of shares to unload, obviously all selling at these levels are losses, probably significant ones since there hasn't been any significant buying ever near the lows in history of the company.
Per a previous post of mine:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=127462600
The cash value of the company is at least double the prices at the bottom today (per Sept 2016 10-Q, and unless there are any surprises since then which we don't know but hopefully they have been conservative in their spending), and if those Mexico wells are happening (we don't have any evidence right now of anything), and just shear interest for their cash posn, and that they are effectively not paying any salaries, and there is no dilution (except counting the fully diluted shares which I have accounted for in the calculation in the link above), we should be ok to rise from here.
But who really knows.