Making $$
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be sure to tell me ...and ALL of us...
when you do sell.
inquiring minds want to know.
Lazarus
they are still there patiently waiting /em
go baby!
wow ... what big balls you have!!!
could go higher but.... beware!
financials are pretty dismal and it might not be long before these guys begin to convert:
For the quarter ended June 30, 2003 the Company was provided $1,140,000 of
convertible notes for working capital financing. The Company agreed to
issue 5,092,000 warrants for the convertible notes representing additional
consideration for the loans provided.
For the quarter ended September 30, 2003 the Company was provided a short
term loan of $100,000 and $335,000 of convertible notes for working
capital financing. The Company agreed to issue 100,000 warrants for the
short term note and 1,496,334 warrants for the convertible notes
representing additional consideration for the loans provided.
YOU KNOW THEY ARE PREPARING FOR IT BECAUSE:
On November 21, 2003, the shareholders approved an amendment to increase the
number of authorized shares of Common Stock from 100,000,000 to 135,000,000.
LAST Q THE OS WAS:
As of the close of business on November 24, 2003 there were 52,219,220 shares
of the Registrant's Common Stock, $.001 par value, outstanding.
good luck buddy and TO THE MOON!
lol
Lazarus
ps... SRAM moving up!
news on SRAM /em
WWAT -- lol ... why all the posts...
INSECURE???
or just the need to brag because you finally got a stock that moved up 2 or 3 pennies?
http://www.investorshub.com/boards/read_msg.asp?message_id=2235744
http://www.investorshub.com/boards/read_msg.asp?message_id=2235761
http://www.investorshub.com/boards/read_msg.asp?message_id=2235893
http://www.investorshub.com/boards/read_msg.asp?message_id=2235906
http://www.investorshub.com/boards/read_msg.asp?message_id=2236106
http://www.investorshub.com/boards/read_msg.asp?message_id=2236395
http://www.investorshub.com/boards/read_msg.asp?message_id=2236611
http://www.investorshub.com/boards/read_msg.asp?message_id=2237100
http://www.investorshub.com/boards/read_msg.asp?message_id=2237498
hey ...one of MY stocks moved up .032 and i got 930k shares left to sell... maybe i should post it all over IHUB!
looks like it didnt quite make it...
perfect example of a ZERO BID stock with no downside protection.
*** company has zero assets [looked a lot more promising when it had $985.00 ...lol]
*** an alphabet soup stock [Series J, K and M
Preferreds]
****voted last july to do a reverse split
*** has been involved in several lawsuits
*** upside down to the tune of 6+ million dollars.
ESYNCH CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
<TABLE>
<CAPTION>
September 30, DECEMBER 31,
2003 2002
------------- --------------
<S> <C> <C>
ASSETS
CURRENT ASSETS
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ZERO - $985
------------- --------------
TOTAL CURRENT ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 985
------------- --------------
TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 985
============= ==============
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,569,757 2,559,906
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,318 2,415,175
Notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 718,400 683,400
Preferred dividends payable . . . . . . . . . . . . . . . . . . . . . . . . . . 309,716 179,663
------------- --------------
TOTAL CURRENT LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . 6,098,190 5,838,144
------------- --------------
STOCKHOLDERS' DEFICIT
Series J convertible preferred stock - $10,000 stated value per share;
275 shares authorized; 58.2 shares outstanding;
liquidation preference of $582,000 . . . . . . . . . . . . . . . . . . . . . 457,000 457,000
Series K convertible preferred stock - $10,000 stated value per share;
250 shares authorized; 18.3 shares outstanding,
liquidation preference of $ 183,000 . . . . . . . . . . . . . . . . . . . 58,000 58,000
Series M convertible preferred stock - $10,000 stated value per share;
220 shares authorized; 196.9 shares and 196.9 shares outstanding;
liquidation preference of $1,969,000. . . . . . . . . . . . . . . . . . . . 2,616,862 2,616,862
Undesignated preferred stock - $0.001 par value, 399,055 shares
authorized; no shares outstanding. . . . . . . . . . . . . . . . . . . . . . - -
Common Stock - $0.001 par value; 250,000,000 shares authorized;
182,436,902 and 101,186,902 shares issued and outstanding . . . . . . . . . 182,437 101,187
Additional paid-in capital. . . . . . . . . . . . . . . . . . . . . . . . . . . 48,476,138 46,505,388
Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (57,888,627 (55,575,596)
------------- --------------
TOTAL STOCKHOLDERS' DEFICIT . . . . . . . . . . . . . . . . . . . . . . . . . (6,098,190) (5,837,159)
------------- --------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ - $ 985
============= ==============
Blood Transfusion Suspected in New Mad Cow Case in Britain
By ALICIA AULT
Published: January 28, 2004
ASHINGTON, Jan. 27 — A Food and Drug Administration policy announced on Monday banning the feeding of cattle blood to calves was partly based on a new case of mad cow disease in which a Briton may have been infected through a blood transfusion, a Food and Drug Administration official said on Tuesday.
At a Senate hearing, Senator Charles E. Grassley, Republican of Iowa, questioned why the food agency had instituted the ban when, he said, scientific evidence indicated that infectious particles that are believed to cause mad cow disease, misfolded proteins called prions, had never been found in blood.
The agency official, Dr. Lester Crawford, told the committee that a new case of the human form of the disease, called variant Creutzfeldt-Jakob disease, came to light in late December in Britain. The ill person had received a blood transfusion from an infected donor, prompting concern among the authorities who are trying to determine whether the disease was transmitted through the blood, said Dr. Crawford, a deputy commissioner with the agency.
"The new case in England has caused shock waves around the globe," Dr. Crawford said. There have been no proven cases of transmission of mad cow in humans through blood transfusions.
If further investigation substantiates that the infection occurred from a transfusion, Dr. Crawford added, that "means that prions may be found in the blood."
The food agency already limits blood donations from people who lived in Britain or received transfusions there during the height of the mad cow epidemic from 1980 to the mid-1990's. In light of the new case, it will revisit its blood donor policies at an advisory committee meeting in February, Jay Epstein, director of the agency's Office of Blood Research and Review, said.
Dr. Crawford testified at the Agriculture, Nutrition and Forestry Committee hearing, where senators mostly praised the agency's new efforts to limit exposure to mad cow disease. Some senators questioned the newly announced ban on the use of dead and disabled cattle for cosmetics, dietary supplements and some food.
Senator Grassley, for example, suggested that the cattle might have injuries unrelated to mad cow.
Senators approved of the Agriculture Department's plans to develop a national system to identify and track all cattle, prompted by the discovery in December of an infected cow in Washington State, although some expressed concerns about the costs to ranchers.
Agriculture Secretary Ann M. Veneman told the senators that an expert panel was reviewing her department's surveillance for mad cow disease, and hinted that there could be changes in testing.
Senator Kent Conrad, Democrat of North Dakota, said he had asked for an investigation into why it took so long to identify where the infected cow came from, why it was allowed to be processed and whether there had been leaks that led to a collapse in cattle futures prices.
Many lawmakers expressed dismay with the testing of cattle for mad cow disease. Ms. Veneman said the department planned to double the number tested this year, to 40,000. But Senator Patrick J. Leahy, Democrat of Vermont, said 35 million cattle were slaughtered in the United States each year, and he pressed Ms. Veneman on why the department did not follow Japan's lead in testing all slated for slaughter.
The secretary said federal testing was in sync with the guidelines of the World Organization for Animal Health.
Dr. Stanley Prusiner, a leading expert on prions, said at a forum later on Tuesday that until all cattle were tested, none could be considered safe. He noted that prion infection could be spontaneous. Speaking at a House Food Safety caucus forum on mad cow disease, Dr. Prusiner noted that "changing feeding practices won't eliminate the spontaneous cases."
The beef industry has suffered since the infected cow was discovered last month, with dozens of countries closing their doors to American beef. Ms. Veneman said that "regaining our export markets is a top priority for the administration."
Senator Tom Daschle, Democrat of South Dakota, asked rhetorically if the department had a plan for some 200 million pounds of beef that were in ships at sea, waiting for acceptance by a foreign market. Senator Daschle and other lawmakers also called for faster carrying out of a new law requiring that meat from other countries carry labels stating its origin.
Nearly 60 percent of Consumers Believe Cattle Should be Tested for Mad Cow Disease
WASHINGTON - January 27 - Seven in 10 adults who eat meat said they would pay more for beef to support testing of cattle to ensure they are free of Mad Cow disease, and an astonishing 95 percent of those adults said they would pay 10-cents more a pound to ensure their meat was safe, according to a new national poll by Consumers Union, publisher of Consumer Reports.
The survey, conducted Jan. 14-21, also found that nearly 6 in 10 respondents strongly believe that all cows at slaughter should be tested for Bovine Spongiform Encephalopathy, which causes the fatal disease. The findings support Consumers Union's call for widespread mandatory "quick tests" for BSE on all cattle 20 months or older to ensure safety of the food supply. Currently, the USDA tests only 20,000 animals a year for the disease, less than one-tenth of a percent of cattle slaughtered.
"The public overwhelmingly supports testing to ensure that the beef they eat is safe, and what's more important, this poll shows they are willing to put their money behind it," said Michael Hansen, senior research associate.
The survey, which has a margin of error of 3 percentage points, also found that 89 percent of respondents strongly believe the U.S. Department of Agriculture should have the authority to recall contaminated meat from the food supply. Also, 78 percent strongly agree in the event of a recall, the USDA should make public the names of stores and restaurants where contaminated meat was sold. Currently, meat recalls are conducted by USDA on a voluntary basis, and the USDA has entered into secrecy agreements with several states to keep this information from reaching the public.
"Consumers expect the federal government to have the authority to recall contaminated meat, and most are shocked when they discover the USDA will only provide states with information about tainted product if they keep it secret," Hansen said.
The survey shows that 8 in 10 respondents agree strongly that the FDA should prohibit the feeding of animal remains to cows. On Monday, the Food and Drug Administration issued a rule that took some steps to restrict feeding of animal remains to cattle, but did not fully ban this practice, as Consumers Union has asked for in the past.
To ensure the safety of the beef supply, Consumers Union and a coalition of consumer and food safety groups on Jan. 15 asked USDA Secretary Ann Veneman to immediately:
* Approve "quick tests" for BSE on cows over 20 months of age.
* Tag all cows at birth and track them to slaughter in one unified, national system.
* Strictly enforce the standard that no central nervous system is present in meat products, and ban spinal column or neck bones in Automated Meat Recovery.
* Seek support of the Bush Administration and Congress for recall authority and revoke agreements with states to keep this information confidential.
TO READ THE COMPLETE POLL QUESTIONS AND RESULTS, go here:
http://www.consumersunion.org/CU-MadCowStudy.pdf
USDA BSE Update - January 27, 2004
Tuesday January 27, 7:35 pm ET
WASHINGTON, Jan. 27 /PRNewswire/ -- The following is the USDA BSE Update for January 27, 2004:
Depopulation Activities
On Monday, Jan. 26, 2004, 18 animals of interest were euthanized and sampled from the Quincy, WA, facility. Four animals of interest were euthanized and sampled at the Tenino, WA, facility. In addition to these two facilities, USDA has previously conducted selective depopulation activities at these facilities:
* Bull calf premises -- a total of 449 animals depopulated
* Mabton, WA (index premises) -- a total of 131 animals depopulated
* Mattawa, WA -- a total of 39 animals depopulated
* Connell, WA -- a total of 15 animals depopulated
* Boardman, OR -- a total of 20 animals depopulated
To date, all 170 samples from the index herd and the Mattawa herd have completed testing; results were negative for BSE. The final test results for the samples taken at Connell, WA; Boardman, OR; Quincy, WA; and Tenino, WA are not yet available.
Investigation Activities
At this time, 28 of the 81 animals that came from Canada have been
located:
* 1 of the 81 is the BSE-positive cow and was located in the Index herd in
Mabton, Washington.
* 9 of the 81 were located in the Index herd in Mabton, Washington.
* 3 were located at a facility in Tenino, Washington.
* 6 were located at a facility in Connell, Washington.
* 1 was located at a facility in Quincy, Washington.
* 3 were located at a facility in Mattawa, Washington.
* 1 is located at a facility in Moxee, Washington.
* 3 are located at a facility in Burley, Idaho.
* 1 is located at a facility in Othello, Washington.
Guidelines on bovine spongiform encephalopathy (BSE) issued by the World Organization for Animal Health (OIE), the international animal heath standard setting organization, state that animals born on a premises within one year (before or after) of a BSE-affected animal can be considered of significant interest to the country reporting the BSE detection. As such, USDA is focusing on 25 of the 81 animals also born into the birth herd of the index animal. Based on normal culling practices of local dairies, USDA's Animal and Plant Health Inspection Service estimated that the Agency would be able to locate approximately 11 of these animals. APHIS has definitively located 14 of these animals.
USDA has also been investigating 17 additional cattle from the Canadian birth herd of the index cow. These cattle were mentioned by Dr. Brian Evans, Chief Veterinary Officer for Canada, in the Jan. 6, 2004, technical briefing. These heifers are not part of the original 81 animals and it is not known how many of the 17 actually entered the United States. To date, six animals have been identified in the United States:
* 3 were at a facility in Quincy, WA.
* 1 was at a facility in Boardman, OR.
* 1 is at a facility in Othello, WA.
* 1 is at a facility in Burley, ID.
Trade Issues
Specific trade information can be found at http://www.aphis.usda.gov/lpa/issues/bse/bse_trade_ban_status.html.
Other Issues
On Jan. 27, 2004, Secretary Ann M.Veneman testified before the Senate Committee on Agriculture, Nutrition and Forestry. Text of her testimony is available athttp://www.usda.gov/Newsroom/0042.04.html.
Additional information on BSE can be obtained by visiting the USDA website at http://www.usda.gov/BSE. Past BSE updates can also be found at http://www.aphis.usda.gov.
--------------------------------------------------------------------------------
Source: U.S. Department of Agriculture
FDA sets rules to keep BSE out of food, supplements
Robert Roos Staff Writer
Jan 27, 2004 (CIDRAP News) – In response to the discovery of bovine spongiform encephalopathy (BSE) in a US cow last month, the Food and Drug Administration (FDA) yesterday announced a lengthy set of new rules to shield FDA-regulated foods and food supplements from BSE-contaminated material.
The rules include a ban on feeding mammalian blood to calves and a ban on the use of downer cattle and high-risk cattle tissues such as the brain and spinal cord in FDA-regulated products. In addition, the FDA is prohibiting the feeding of poultry litter and restaurant scraps to cattle and the use of "mechanically separated" beef in food.
The US Department of Agriculture (USDA), which regulates meat, poultry, and egg products, on Dec 30 banned the processing of downer cattle—those too sick or injured to stand at the time of slaughter—for food. The FDA regulates all other foods, including processed foods that contain meat, such as soups and pizza, along with food supplements and cosmetics.
In announcing the rules yesterday, Secretary of Health and Human Services (HHS) Tommy Thompson said they will add to a set of five existing "firewalls" protecting the public from BSE contamination. "Small as the risk may already be, this is the time to make sure the public is protected to the greatest extent possible," he said in a news release.
Cattle contract BSE by eating feed containing material from other infected cattle. Eating meat products from infected cattle is believed to be the cause of variant Creutzfeldt-Jakob disease (vCJD), a human neurologic disease similar to BSE.
The new FDA rules will take effect when they are published in the Federal Register, but public comments will be invited after publication, the agency said.
The FDA rules ban the following items from the foods, supplements, and cosmetic products it regulates:
Any material from downer cattle or dead cattle (cattle that die before reaching a slaughter plant)
Specified risk materials (SRMs), or high-risk tissues, which include the brain, skull, eyes, and spinal cord of cattle 30 months or older and the tonsils and part of the small intestine from all cattle
Mechanically separated beef, which may contain high-risk tissues, but not beef from advanced meat recovery (AMR) systems. Mechanically separated beef may contain crushed or ground bones, while AMR systems separate meat without breaking bones. USDA rules bar SRMs from AMR-produced products.
The ban on feeding mammalian blood to calves closes a loophole in the FDA's 1997 ban on feeding parts from cattle and other ruminant animals to ruminants, HHS said. Under the 1997 rule, blood and blood products could still be fed to ruminants, and cattle blood is currently fed to calves as a milk replacement in some cases.
"Recent scientific evidence suggests that blood can carry some infectivity for BSE," the announcement said. That might have been a reference to a recent report from Britain of a person who contracted vCJD several years after receiving blood from someone else who was found to have the same disease.
The FDA is banning the use of poultry litter in cattle feed because it may contain spilled poultry feed that includes cattle parts, officials said. Poultry litter consists of bedding, spilled feed, feathers, and waste collected from poultry sheds. It is used in cattle feed in some areas where cattle and large poultry operations are close together, the FDA said. Cattle parts can legally be used in feed for poultry and hogs.
The new rule banning restaurant "plate waste" in cattle feed is intended to protect the FDA's ability to enforce the ban on using cattle parts in cattle feed, the FDA said. Plate waste includes meat scraps, which are collected from some restaurants for use in feed. Its presence "confounds" the FDA's ability to detect prohibited proteins in cattle feed, officials said.
The FDA also said it will require feed plants to use separate production equipment to make feed for nonruminant animals (such as poultry and hogs) if the feed contains proteins banned from cattle feed. Currently, some equipment is used to process both banned and permitted materials, which can lead to cross-contamination of cattle feed with banned materials.
The FDA also promised to step up its inspections of feed mills and rendering plants this year. The agency said it will inspect 2,800 plants and will fund another 3,100 inspections by state agencies. Officials said their goal is to inspect all known renderers and feed mills that process products containing materials banned from cattle feed.
See also:
FDA news release
http://www.hhs.gov/news/press/2004pres/20040126.html
hey shawn,
good to know that SOMEBODY is willing to share their campfire.
Lazarus
see:
http://www.investorshub.com/boards/read_msg.asp?message_id=2231560
WHY USA FINANCIAL GROUP, INC.
CONSOLIDATED BALANCE SHEET
(Unaudited)
September 30,
2003
--------------------------------------------------------------------------------
ASSETS
Current Assets:
Cash $ 378,035
Accounts and notes receivable – net
of $65,020 allowance 224,787
Advances – employees /affiliates 126,600
--------------------------------------------------------------------------------
Total Current Assets 729,422
Property and Equipment – net 1,126,201
Franchise Acquisition Costs – net 1,383,359
Other Assets:
Prepaid Expenses 230,663
Goodwill 1,016,570
--------------------------------------------------------------------------------
Total Assets $ 4,486,215
--------------------------------------------------------------------------------
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable $ 234,281
Accrued Expenses 217,013
Current Portion of Mortgage Loan 30,000
--------------------------------------------------------------------------------
Total Current Liabilities 481,294
Long Term Liabilities:
Mortgage Loan on Building 603,323
Reserve for Discontinued Operations 139,175
Liabilities Payable in Stock 131,250
--------------------------------------------------------------------------------
Total Long Term Liabilities 873,748
Stockholders' Equity:
Preferred stock: no par value, authorized
50,000,000, no shares issued and outstanding —
Common stock: $.001 par value, authorized
250,000,000, 59,946,110
issued and outstanding at September 30, 2003 59,946
Additional Paid-in Capital 7,525,460
Accumulated Deficit (4,454,233 )
--------------------------------------------------------------------------------
Total Stockholders' Equity 3,131,173
--------------------------------------------------------------------------------
Total Liabilities and Stockholders' Equity $ 4,486,215
--------------------------------------------------------------------------------
See accompanying notes to consolidated financial statements.
3
--------------------------------------------------------------------------------
WHY USA FINANCIAL GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months
Ended
September 30,
2003
--------------------------------------------------------------------------------
Three Months
Ended
September 30,
2002
--------------------------------------------------------------------------------
Nine Months
Ended
September 30,
2003
--------------------------------------------------------------------------------
Nine Months
Ended
September 30,
2002
--------------------------------------------------------------------------------
Revenue:
Mortgage Lending Services $ 1,436,299 $ 1,198,964 $ 3,976,602 $ 3,199,864
Real Estate Franchise fees 104,009 107,812 261,148 525,512
Rental Income 6,478 — 11,250 —
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total Revenue 1,546,786 1,306,776 4,262,226 3,725,376
Operating Expenses:
Direct Cost of Services
Mortgage Lending 980,401 686,709 2,791,312 1,614,235
Real Estate Activities 11,304 16,297 81,174 147,872
General and Administrative 411,984 661,380 1,141,479 2,150,760
Sales and Marketing Costs 46,192 70,961 162,231 186,475
Depreciation 21,596 21,459 55,260 62,341
Amortization 59,724 59,724 179,172 180,734
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total Expenses 1,531,201 1,516,530 4,410,628 4,342,417
Income (Loss) from Operations 15,585 (209,754 ) (148,402 ) (617,041 )
Interest income (expense) – net 6,388 5,325 (28,019 ) (6,416 )
Net gain on sale of subsidiaries — 1,702 — 76,701
Income Taxes (4,400 ) — — (1,000 )
Income tax benefit of net
operating loss carry forward 4,400 — — —
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Net Income (loss) $ 21,973 $ (202,727 ) $ (176,421 ) $ (547,756 )
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted Average
Shares Outstanding 59,946,110 46,998,798 59,872,000 44,510,654
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Basic and diluted net income
(loss) per common share $ .00 $ (0.00 ) $ (0.00 ) $ (0.01 )
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
bot WUFG last hour of trading - technical indicators
*** just under the 200 DMA
*** 3 form 4s filed showing insiders bot 3.9 million shares in a private transaction for .04 [downside protection]
*** book value .052 [downside protection]
*** sales figures are up and last quarter they actually made a profit. [downside protection]
*** expanding presence throughout US:http://www.whyusa.com/offices.htm
*** large enuf float to eventually attact the penny flippers once the volume kicks in
oh yes...and my entry price - .05 and .055
Lazarus
FDA attempts to rein in cow products
By Phil Berardelli
United Press International
WASHINGTON, Jan. 26 (UPI) -- The Food and Drug Administration said Monday it intends to reinforce animal feed regulations to prevent the spread of mad cow disease in U.S. cattle.
In particular, the agency is banning the use of cattle blood and blood products in all animal feed, but particularly in cattle feed. This action comes as new research suggests bovine spongiform encephalopathy -- also known as mad cow disease -- might be transmitted via blood.
At a late afternoon news briefing, FDA commissioner Dr. Mark McClelland said the agency will publish new regulations intended to "strengthen a series of firewalls designed to protect Americans" from BSE.
The firewalls, McClelland said, include controls on imported animals and animal products and surveillance of the U.S. cattle population for the presence of BSEs. The latter, he said, led to finding the first mad-cow-infected animal in America -- a cow in Washington state that apparently was imported from Canada.
The third firewall, and the subject of the new regulations, is FDA's 1997 animal feed ban, which prohibits feeding of most animal protein to cows, sheep and goats. The fourth firewall, which was announced recently by the U.S. Department of Agriculture -- after protests were lodged by consumer and public health advocacy groups -- involves banning cattle tissues from the human food supply if they are known to be at high risk for carrying the agent of BSE.
In addition, McClelland explained, both the FDA and USDA are engaged in response planning to contain the spread of tissues from any BSE-positive animal. This contingency response plan, which had been developed over the past several years, was initiated immediately upon the discovery of a BSE positive cow in Washington State December 23.
The new regulations will ban a range of cattle-derived material from human food -- including dietary supplements -- and cosmetics "so that the same safeguards that protect Americans from exposure to the agent of BSE through meat products regulated by USDA also apply to food products that FDA regulates," Health and Human Services secretary Tommy Thompson said in a statement.
"We are taking additional steps to further protect the public from being exposed to any potentially risky materials from cattle," McClelland said. "FDA's vigorous inspection and enforcement program has helped us achieve a compliance rate of more than 99 percent with the feed ban rule, and we intend to increase our enforcement efforts to assure compliance with our enhanced regulations."
FDA's new rules -- issued on an interim basis, with opportunities later for public comment and revisions -- will ban the following materials from FDA-regulated human food, dietary supplements and cosmetics:
-- Any material from so-called downer cattle, defined as animals that cannot walk;
-- Any material from cattle that died before reaching the slaughter plant;
-- So-called specified risk materials, or SRMs, known to harbor the highest concentrations of prions, the malformed proteins thought to be the cause of BSE -- including brains, skulls, eyes and spinal cords of cattle 30 months or older, as well as a portion of the small intestine and tonsils from all cattle, regardless of their age or health, and
-- Mechanically separated beef, which was shown during the mad cow outbreak in England in the 1980s and '90s as a potential carrier of SRMs.
In addition, along with banning blood and blood products from cattle feed, McClelland said the FDA will ban the use of poultry litter as a cattle feed ingredient. Poultry litter consists of bedding, spilled feed, feathers, and fecal matter collected from poultry confinement areas. The material has been used in cattle feed in some areas of the country where cattle and large poultry raising operations are located near each other.
John Taylor, of FDA's Office of Regulatory Affairs, explained that poultry feed is allowed legally to contain cattle meat and bone meal, which is prohibited from being fed to cattle. He said the concern is spillage of poultry feed in the chicken house that could end up back as cattle feed.
Another rule will ban human plate waste as a cattle feed ingredient. Plate waste consists of uneaten meat and other meat scraps currently collected from some large restaurant operations and rendered into meat and bone meal for animals.
"The use of 'plate waste' confounds FDA's ability to analyze ruminant feeds for the presence of prohibited proteins, compromising the agency's ability to fully enforce the animal feed rule," the agency said in a statement.
Last, the FDA will require equipment, facilities or production lines to be confined to serving non-cattle feeds if they use protein that is prohibited from being fed to cattle. At present, McClelland said, facilities process or handle both prohibited and non-prohibited materials and make both cattle and non-cattle feed, which could lead to cross-contamination.
Taylor said FDA intends to step up its inspection procedures in 2004. By itself, the agency will conduct 2,800 inspections and will fund 3,100 contract inspections of feed mills, renderers and other firms that handle animal feed and feed ingredients via state regulatory agencies. He said FDA will also receive data on 700 additional inspections, for a total of 3,800 in the coming year, which should cover 100 percent of known renderers and feed mills that process products prohibited in cattle feed.
"These steps represent the strictest system ever to monitor whether BSE products enter this country," Taylor told reporters.
"FDA waited more than a month after the discovery of the first US mad cow to take today's action," said John Stauber, executive director of the Center for Media and Democracy in Madison, Wis., and co-author of "Mad Cow USA" (Common Courage Press, 1997).
"The steps announced today should have been taken years ago and they still fall far short of what is needed," Stauber told United Press International. "The United States should follow the lead of the EU nations by banning all feeding of slaughterhouse waste to livestock, and testing millions of U.S. cattle for mad cow disease. Anything less is still too little, and way too late."
well i did pick up a few shares of WUFG today...
read there SEC filings here:
http://www.sec.gov
and look over their website: http://www.whyusa.com
im looking at more like a 2 to 3 year hold to see if they move ahead. form 4s were filed showing insiders buying 3.9 million shares at .04 also looks like they recently made a small profit.
Lazarus
WUFG - that was me /em
im having panned fried trout from Bass Lake for breakfast...
...courtesy of my oldest son.
whadaythink???
will they come and take my offer at .12 today.
methinks a very good chance.
they lowered right after i offered ... i think they want me to come down. i say headfake... screw em... if they want em -- they gotta come up and get em.
besides the day is young.
Lazarus
posted at .04...
http://www.investorshub.com/boards/read_msg.asp?message_id=2180181
entry price in the .02 cent range.
have i sold any yet? no.
offering a few today at .12
COME AND GET EM!
Lazarus
if i was concerned about liquidity ...
...i would have never bought the stock.
if a stock is too illiquid for your taste - dont buy it.
Lazarus
omni - please see post :
http://www.investorshub.com/boards/read_msg.asp?message_id=2226974
personally i think my posts on SPND were taken out context.
other than that all i can say is im glad my trading style allows me to get up at 8:00 california time instead of 6:30
let's MAKE $$$
Lazarus
RE: recommending SPND ... correct me if im wrong...
but i think that if you go back and look i directed my post to a particular person who seems to be intereste in oil stocks who goes by the moniker oilbaron
now seeinz that this guy seems to have an interest in oil stocks i suggested that he take a look at SPND because anybody that does invest in oil stocks knows it all about CASH, CASH FLOWS, REVENUES, ASSETS, etc... all of which SPND has. [see message # 38840]
other than that the only mention i made of it was to poke fun at evolution who seemed to be talking down at me in posts # 38530. and another poster who was touting another oil stock. read for yourself and decide for yourself. i have NOT recommended that anybody buy SPND - and other than posting about it to poke fun at evolution the other two post were to others buying related stocks.
as for my posting to get out of the stock : There is not enough volume to get out because the stock is so very thinly traded. The only way a person can get out now is to have buyers come into the stock.
that's just your own paranoia. im only holding 25k shares and i dont have plans of selling them at this pathetically undervalued price.
Lazarus
first of all...im not being compensated...
... to promote the company in any way. if that WERE the case i can assure i would provide complete disclosure regarding the details.
now to answer your questions:
***out of 5,000 stocks that are traded why this one?
out of the thousands of penny stocks of which the great majority are total turds [ you KNOW it and i KNOW it] here is a company that is increasing its revenues, profits, asset base, and shareholder value - year over year. WHY NOT THIS ONE? SPND just happens to be a LONG. a LONG for me is an investment....not a day trade or a momo flip
***iam just trying use logic on this one
if you want to apply logic to investing then its very simple:
the stock of companies that earn money and bring a return on investment almost invariably go up regardless of market conditions [such as interest rates etc]
take a look at this once penny oil:
note that the stock has split
if SPND were given the same PE as CRED it would be $4.00 - but no worries..if SPND continues to do what it has been doing the stock will continue to rise - simple as that. and you know what? i dont have to watch it everyday and fret over it.
***if you are in this stock what price are u in at?
the first part of this question sounds insulting [perhaps not intentionally] but why would you say "if you are in this stock."?? for the answer i refer you to message #38552
*** we trade on technicals, alot of us dont really care how profitable a company is
understated -- and i might add here that you and your readers should thoroughly read message # 37649 regarding protecting your downside. particularly this part that i wrote in answer to one of your questions.
***the stock that I just bought is going straight down what do I do now?
(which Incidentally i NEVER saw you or anyone else reply to.)
my reply: i would ask is the stock a scam? was it being run up by pumpers and propped by mms? [like say, just prior to a private placement.] were millions of shares issued for promotion that are still for sale? do you have a clue as to the stock structure, insider ownership, insider sales, outstanding shares, float, market cap, company's merchant banker and primary market maker [if any] etc, etc. because the more you know about a company the easier it is to decide what to do. if the stock is a scam it may be worthless before you know it.
but now if i were asked if i thought the technicals on SPND were good i would say YES: just give us quarter over quarter revenue growth and the stock will do just fine.
the technicals are the main reasoning for trading a stock. this is a VERY GOOD POINT. for a few years when most of the penny flippers disappeared from the market MY technical indicators said BUY BUY BUYand that is what i did. i bought on the cheap -- THE FLOOR.
i knew that eventually the momo players, penny flippers, and graph gurus would return....AND WHADAYKNOW HERE THEY ARE!
WELL.... NOW I AM BEING RICHLY REWARDED. and the beauty of it is --- i dont have to sweat it... im in on the cheap...just have to decide when to sell. i loaded up on the out of favor penny gold stocks and oil stocks and lots of trashy stocks like ECEC and UVCL and ZROS and on and on [i have 119 penny stocks in one of my five accounts] and have managed to get out of many of them with HUGE gains.
in the mean time i am finding some stocks that show enormous potential. i am bidding them and gradually building my positions while they are ignored PPMD, PSCO and others...and if i am right... i will be trading them off at much higher prices in the future.
Lazarus
oilbaron ... take a look at SPND...
http://www.stockta.com/cgi-bin/analysis.pl?symb=SPND&num1=3&cobrand=&mode=stock
i know its had a big a pop but the financials are sweet! note the EPS of .09 for the first nine months of last year and read the latest press release. CASH GROWING - ASSETS GROWING - EPS GROWING -- AND MOST IMPORTANTLY PRICE PER SHARE GROWING
SPINDLETOP OIL & GAS CO. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of
--------------------------
September 30 December 31
2003 2002
(Unaudited)
----------- -----------
ASSETS
Current Assets
Cash $2,837,000 $ 2,046,000
Accounts receivable, trade 629,000 274,000
Accounts receivable, other 638,000 -
Prepaid income tax - 109,000
----------- -----------
Total Current Assets 4,104,000 2,429,000
----------- -----------
Property and Equipment, at cost
Oil and gas properties (full cost method) 3,818,000 3,936,000
Rental equipment 399,000 399,000
Gas gathering systems 145,000 145,000
Other property and equipment 85,000 85,000
----------- -----------
4,447,000 4,565,000
Accumulated depreciation and amortization (3,396,000) (3,230,000)
----------- -----------
Total Property and Equipment, net 1,051,000 1,335,000
----------- -----------
Other Assets 2,000 -
----------- -----------
Total Assets $ 5,157,000 $ 3,764,000
=========== ===========
The accompanying notes are an integral part of these statements.
SPINDLETOP OIL & GAS CO. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - (Continued)
As of
--------------------------
September 30 December 31
2003 2002
(Unaudited)
----------- -----------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued liabilities $ 801,000 $ 414,000
Notes payable, related party - 42,000
Income Tax Payable 177,000 -
Tax savings benefit payable 97,000 97,000
----------- -----------
Total current liabilities 1,075,000 553,000
----------- -----------
Deferred income tax payable 179,000 179,000
----------- -----------
Shareholders' Equity
Common stock, $.01 par value; 100,000,000
Shares authorized; 7,677,471 shares
issued and outstanding at September 30, 2003
and 7,582,471 shares issued and outstanding
at December 31, 2002. 103,334 shares of
Treasury Stock at September 30, 2003 and
December 31, 2002 77,000 76,000
Additional paid-in capital 796,000 776,000
Treasury Stock (18,000) (18,000)
Retained earnings 3,048,000 2,198,000
----------- -----------
Total Shareholders' Equity 3,903,000 3,032,000
----------- -----------
Total Liabilities and Shareholders' Equity $ 5,157,000 $ 3,764,000
=========== ===========
The accompanying notes are an integral part of these statements.
SPINDLETOP OIL & GAS CO. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(Unaudited)
Nine Months Ended Three Months Ended
September 30, September 30,
---------------------- ----------------------
2003 2002 2003 2002
---------- ---------- ---------- ----------
Revenues
Oil and gas revenue $2,368,000 $1,278,000 $1,066,000 $ 475,000
Revenue from lease
Operations 61,000 30,000 24,000 13,000
Gas gathering, compression
and Equipment rental 97,000 132,000 26,000 46,000
Interest income 84,000 61,000 30,000 26,000
Other 3,000 15,000 - 12,000
---------- ---------- ---------- ----------
Total Revenue 2,613,000 1,516,000 1,146,000 572,000
---------- ---------- ---------- ----------
Expenses
Lease operations 920,000 563,000 393,000 163,000
Pipeline and rental
Operations 21,000 21,000 5,000 10,000
Depreciation and
Amortization 166,000 115,000 34,000 44,000
General and administrative 367,000 347,000 115,000 107,000
Interest expense 2,000 10,000 - 6,000
---------- ---------- ---------- ----------
Total Expenses 1,476,000 1,056,000 547,000 330,000
---------- ---------- ---------- ----------
Income Before Income Tax 1,137,000 460,000 599,000 242,000
---------- ---------- ---------- ----------
Current tax provision 287,000 122,000 133,000 66,000
Deferred tax provision - - - -
---------- ---------- ---------- ----------
287,000 122,000 133,000 66,000
---------- ---------- ---------- ----------
Net Income $ 850,000 $ 338,000 $ 446,000 $ 176,000
========== ========== ========== ==========
Earnings per Share
of Common Stock
Basic $ 0.11 $ 0.04 $ 0.06 $ 0.02
========== ========== ========== ==========
Diluted $ 0.11 $ 0.04 $ 0.06 $ 0.02
========== ========== ========== ==========
Weighted Average Shares
Outstanding 7,627,471 7,557,819 7,670,623 7,620,804
========== ========== ========== ==========
Diluted Shares
Outstanding 7,751,097 7,557,819 7,752,471 7,620,804
========== ========== ========== ==========
Dr Pepper...one thing is certain...
you must decide whether you are a trader or an investor in a stock.
the reason i say that is as an investor i generally take a longer term view. if you own a good company at a good price and the company is doing all the right things and the combination of all the above is making for a steady increase in stock price - why sell half your position at the double out? i suppose if there was another stock that had more promising prospects -- that would be a good reason.
i dont recall ever seeing any posts on this thread of people buying MORE stock at a higher price like i did today with SRAM - pyramiding my trade.
i know of an investor that was touting faro at 2 dollars and change then when it was $8.00 saying he was adding more. apparently not a bad move:
if on the other hand you are trading real POS pennies like many of the plays posted here - you do need to develop some sort of system that you are comfortable with. a lot of times i will wait for a stock to reach a price 4 or 5 times what i paid for it and then sell a portion and watch it...because sometimes these turds will literally jump right out of the toilet and hit the ceiling.
i'll never forget trading BBAN about 4 or 5 years ago. [ the operative word here is TRADING because i really didnt have a clue as to what BBAN was actually doing - in fact, it was Big Giant Oil - a shell and then became BBAN overnite in a reverse merger when Broadband was all the rage] i bought 10k shares of the stock [at least i thought i did] at .22 and traded it on the way up... iow i would say - sell 8k at 1.30 and then buy back 8k at .92 --- anyway i rode it up to about $8.50 and then sold the 8k shares and watched it go up to 13+ a couple days later. then it started to drift back down. one morning when the stock was about $9.00 i was looking through some of my accounts and found 10k shares of the stock I FORGOT I BOUGHT [at .22] 2500 shares in a cash account and 7500 shares in an IRA. i dumped them that morning. when the stock drifted down to 7.37 i dumped that last 2k shares i was holding onto.
not long after the SEC was investigating the company for fraud and the stock is now .04
Lazarus
p.s. a belated thanks to the fantom and many others
hey thanks...
when i originally bot SRAM at .91 it dropped to around .70 shartly thereafer. i was thinking to add and didnt.
but im doing fine with it today and there have been many times when i have pyramided my trades and done very, very well. i know exactly where SRAM would have to trade for me to be at breakeven...and i got plenty of room.
i am not "swinging for fence" or looking for a quick buck here... i think the stock will be at least double what it is now by year end.
CRDM also dropped after i bought it. im in at 1.19 and will likely add more if it drops further.
Lazarus
SRAN tanking on me now....
...sinking like a stone
i was holding over 700k CPVD at one time...
but i trimmed way back.
still holding some though
CPVD volume - 360k block trade /em
right now its at the HOD as well....
feel free to join me ;)
added SRAM at 52 week of 1.77 /em
all the indicators here are green...
http://www.stockta.com/cgi-bin/analysis.pl?symb=SRAM&num1=1&cobrand=&mode=stock
Lazarus
here is a different way of trading...
i own SRAM from .91
i just ADDED at the 52 week high of 1.77
am i nuts or what?
Lazarus
help from the graph gurus???
are we looking good here...
http://www.stockta.com/cgi-bin/analysis.pl?symb=PACW&num1=1&cobrand=&mode=stock
SRAM ???
pokito volume AMGO [shell]
ok -- i'll behave --- just pokin' a little fun at the guy :)
i am bidding for 1700 shares of PPMD ...
[between the spread]
to add to the over 1% of the company i already own.
sheesh...how's a guy ever gonna make money like that?