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In this report they establish a price target of 0,25 usd per share for Manaris based on target sales of 2007/2008.They use a multiple of sales of 1, whereas in the industry the multiple is 10 and for Manaris it was historically 4. So if you know that Frazer considers a growth of 85 % per year and given the fact that a multiple of 4 is more realistic i do not want to dream about what the shareprice could be if Frazer keeps his promises.
http://www.taglichbrother s.com/equityuniverse/comp anies/manaris/manaris-080 12007.pdf
I do not know whether you can click on this but you can findthe info on Yahoo finance if you cannot open it
thanks Jmack. I believe we will know a lot more in a few weeks when the filing of the 10Q is out.
With a little help fr5om a friend and from the PR firm
As stated in the Company's press release dated July 30, 2007, Manaris
redeemed the majority of the Notes and half the Warrants. The remaining
half of the Warrants remain with the holders of the Notes and have an
exercise price of $0.11 per share. While Manaris is pleased that the
redemption will serve to remove the extremely dilutive effect that the
outstanding Notes have had on Manaris' and its shareholders, as you
know, we cannot comment as to the effect of this redemption and the
outstanding warrants on the share price.
In addition, in response to your second query sent to Truc, Manaris felt
it was the right time to redeem some of the outstanding Notes and
Warrants.
However, we can confirm that the total Series Y and Z warrants went from
3,734,258 to 2,604,667 as a result of the redemption.
Best,
Dave
if we learn from the past we will probably never buy pennystocks again LOL
I am going to read very carefully the next report to find out about the remaining debt.
As a lot has changed since the last restructuring I do not have the courage to dig in the past. It is the future that I am interested in.
I am not especially excited when I look at the income statements of these three competitors,and the evolution of their shareprices .
I hope TXPO will do a lot better
Iwas mailed on another board and independently from this discussion by an investor in Mans that everytime the price of Mans was going close to 0,11 usd and he had purchased shares almost the same second a small number of shares was sold at 0,09.and the shareprice closed lower.
He found that suspicuous and
He has given the result of his enquiry to the Rabobank with the request to have this investigated as he believes the stockprice is manipulated.
My brain is too small for this but the question is ? Are manaris shares manipulated to keep them down.
Press Release Source: Manaris Corporation
Avensys Inc. Enters Into Exclusive Distribution Agreement
Thursday August 23, 8:00 am ET
Avensys Solutions Becomes Canadian Distributor for Environnement S.A (France)
MONTREAL, Aug. 23 /PRNewswire-FirstCall/ -- Manaris Corporation (OTC Bulletin Board: MANS; Frankfurt WKN: A0F5LD), the publicly-traded holding company of Avensys Inc., a leading manufacturer and distributor of fiber optic components and integrator of instrumentation and turn-key systems for environmental monitoring, today announced that Avensys Solutions, a division of Avensys Inc., has entered into an exclusive distribution agreement with Environnement S.A., a leading manufacturer of Air Monitoring Instrumentation for ambient air monitoring, industrial emissions monitoring, water quality and engine gas monitoring.
ADVERTISEMENT
Since its creation in 1978, Environnement S.A., a publicly traded French company since January 2006, has been dedicated to the study, development, manufacture and supply of instrumentation integrating leading edge technologies and dedicated to assessing and measuring the impact of human activities on our ecosystems. Environnement S.A. also owns 100% of a U.S. subsidiary, Altech Environment USA Corp., that provides turn-key Continuous Emission Monitoring solutions to the U.S. market.
Pierre Michaud, Senior Director, Products and Solutions at Avensys Solutions, said, "This distribution agreement positions Avensys Solutions as Environnement S.A.'s exclusive Canadian distributor and further reinforces Avensys' ability to provide turn-key solutions to the Canadian industrial markets. By leveraging Altech's considerable experience and know-how, Avensys Solutions is well positioned to take advantage of the growing Continuous Emission Monitoring market in Canada."
Alain Randget, Director-Business Development for Environnement S.A., added, "We are very pleased to enter into this distribution agreement with Avensys Solutions. We believe that Avensys' outstanding customer service and highly competent sales and engineering team will lead to increased sales and the successful implementation of new systems in Canada."
Mr. Michaud concluded, "We are very excited about this new relationship as it represents a key milestone for Avensys Solutions as we continue to focus our growth efforts around Green House Effect Gases Monitoring through our Integrated Solutions team."
About Avensys Inc.
Avensys Inc. is a wholly owned subsidiary of Manaris Corporation (OTC Bulletin Board: MANS; Frankfurt WKN: A0F5LD). Avensys, through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Avensys is also a pioneer in the development of packaged fiber-based sensors and instrumentation and possesses leading edge intellectual property. Avensys Solutions is an industry leader in providing environmental monitoring solutions for air, water and soil, as well as geostructure in the Canadian marketplace. For more information, please visit www.avensys.com.
About Environnement S.A.
Environnement S.A is a leading company in the fields of on-line gas, dust and water analysis instrumentation. With operations in more than 70 countries, Environnement S.A spans all aspects of the instrumentation of the environment from design to service. For more information, please visit www.environnement-sa.com
Forward-Looking Statements:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
--------------------------------------------------------------------------------
Source: Manaris Corporation
extremely good analysis jmack and indeed the next reporting which will be sometimes in the middle of September should be very revealing as much as the next conference call.
It amazes me how fast you understand the business they are in.
I think they are somewhat ahead of TXPO in that they have disclosed their annual growth rate in this video.( and I believe john Fraser) for the next three years. John is a very prudent CEO and he will not disclose things if he is not sure of himself. I had him once on the phone and he came over as somebody with high ethics. I know he hates the shareprice at this time but you will not hear him forecast a shareprice. He wants the shareprice to be a result of the facts and he says investors will find out what the facts are and the results will speak for itself.He will only say something when there is real news and not try to pump the shares, In that I think he is different from other CEO's in OTCB companies.
I know that some of these are subjective reasons , but I think these may make the difference why one wants to invest.,
Also the fact that he was a Vice President in Canada with KPMG( I believe in consulting) makes me believe he is at an higher level than average, I was a partner with Coopers & lybrand in Belgium and I know that if you have been at that level ,you are not going to waste your time in something that is not worth it.
The PR firm refused to help me to set up this board as their lawyers advised them to be neutral to these kind of boards.It is a pity but I accept this as it sound logic
Webcast Alert: Manaris Corporation-Telecom and Technology On-Line Forum
I noticed you cannot open the website on my previous message and probably als not this one which leads you to the video from the CEO
You can find all these pr's on the Yahoo finance website if you are interested.
Hello Jmack It makes me happy to see you on this board as this assures me of serious due dilligence work .
In respect of your questions I have forwarded your questions to the pr firm in the hope that they help me to better answer you than I ever could. I know Manaris was in a financing arrangement which was higly dillutive but they managed to solve that problem. On the financial side I think part or maybe the whole of the answer is in this pr of July 30
• Manaris Redeems Majority of Series B Convertible Notes . I think with this agreement Manaris made an end to the extremely dilutive financing arrangements of the past and have set themselves up for the future. These past arrangements were to me the primary cause of the drop in shareprice to as low as 0,6 usd per share.
As for the products of Manaris that drive the business it is again very technical and as you know these are not my skills.
If I do not have an answer within a normal time frame from the company I will make up somsthing myself.
Manaris has a whole history behind them which every investor should know from the C Chips to the fiber lasers but that will take some time.(I do not know how to start). The main reason why I am in and increased my number of shares is the quality of the CEO.This company was close to bankruptcy when he took over and is now ready to take off.I tanked at0.6 usd per share to bring my average price down)
In a way they are further than TXPO as they have had their first profitable quarter and are heading to 100 million turnover in 3 years time.(according to a video message of the CEO John Fraser)
John Fraser to me is somebody who is only making forecast public when he knows he is going to realise it, In fact Manaris is profitable one quarter earlier than promised.
I hope I can dig up the video somewhere
I will be back on this
you tell me steve. If you tell me that tdon is not safe I will changeover to Mans and TXPO.
But from what I read ,tdon is a long term bet.Do we not have to wait the results of the first prototype? But this is a discussion for the tdon board
Whoops , I opened a new board on Manaris (mans). In the first post i referred also to TXPO .
I hope that you will all pay at least one visit and then I will stop bothering you with this message,
Manaris and TXPO are my favourate picks
Whoops. I find myself now as the moderator for Manaris. I own about 332000 shares of this company at an average purchase price of usd 0,21. Mij first purchase was at 1 usd some 3 years ago. The shareprice went down as low as 0.06 usd and is now at 0,10. I accumulated constantly.
The company has a turbulent past ,but the present CEO a former KPMG vice president in Canada has completely turned around the situation and has its first (small)positive quarter both in profits and operating cash flow.
I am especially positive about the performance since the new CEO John Fraser took over. He always has executed what he promised. He expects a growth in turnover of 85 % coming from the expected 18 millions this year to over 100 millions in 3 years time.
Together with TXPO , this is my favourite pick for the following 3 years. I think both have excellent management and exciting products.
Manaris recently obtained better financing , I think the future looks bright and the present share price is only a fraction of what it should be (even with current turnover) The problem seems to restore investors confidence
Jmack,I am very thankful for the time you spend in replying in depth to my issues. I als consider this a long time investment and do noy intend to trade this stock.(As a matter of fact I only trade indexes)
In respect of Skidos , I do not think he is angry at me calling him a technocrat. We know each other from a belgian board. It was him who caught me into Txpo and I am sure i will not regret it.
I have forwarded some of the interesting information of this board to a Fund manager with the question why there are no institutions so far invested in TXPO given the potential. I am curious whether he will respond?
I would urge everybody who submits an article to this board to give a small hint what the connection is with TXPO everytime they post.. Some of this articles are hard to swallow for me (and probably others) and I hope that they are not only meant for the happy few technocrats.
It is only when investors understand the business that they will invest.
I sometimes do not see the connection.
This said thanks for all the good work jmack and others . I am afraid I cannot contribute too much here but I read everything with great interest.
With a majority of shares in one hand I wonder when the shareprice will get a normal behaviour with normal fluctations. In other words if all what looks promising here comes true ,what will happen to the shareprice , number of shares etcc..?
As a retired big firm accountant it strikes me that most of you are technical heroes , but do not really adress this type of issues ,although they may be equally important.
Everybody on one board would be indeed better.Although I must say I found the contributions to the google board very interesting?
About TXPO , I have no doubt that this will be a winner over time. I see more problems in how I want to play this stock in the future.I do not want to sell with 100% profit if afterwards I find out that you can make a 1000%>
How do you value these shares ? A multiple of turnover? Price earnings is not ok as there is no profit.and also cash flow is negative.
I also would like to start a board on Manaris (mans) a company that was saved from disaster a few years ago by a new CEO ,and that turned profitable and cash flow positive with 18 million sales today and 100 million in 3 years time.The shares are only at a fraction of what they should be, How do I do this?
what is happening to the google board? Are there two boards now on txpo?
this makes sense to me. Only if you need the cash badly you would sell this stock.
ok but why should he sell at this price if maybe next week he gets more?
Normally a person with such large volume of shares knows more than the average investor?
I simply do not understand the logic
The shareprice is really dissappointing and there does not seem to be any relationship with the high expectations.
Everybody is awaiting the figures somewhere middle of this month. Until then lower shareprices?
someone has to explain me , why shareholders are selling at such price . We all believe this company has a great future and still you see constant selling at low prices?
I understand why the general market gets a beating as this looks like a healthy correction .
But for txpo my brains are too small, Why would you sell when in a couple of months you may sell at double the price?
some six months ago I looked at the sharegraphics of the companies that were on the loanportfolio of Cornell(as shown on their website,and these graphics were horrible. I phoned Cornell on this matter with the question why companies in their portfolio showed such bad shareprices .If I were in their place I would have tried to prove me wrong but I got a very arrogant answer . So my feeling about Cornell is very negative and the fact that M Shores did not find any better financing source surprises me.,given all the positive things that I read here?.
Is it possible that the things TXPO is doing are too complex for normal average investors who want to understand the business and do not really understand the onts and the Bpons and Gpons.
Sometimes I read probably very interesting articles but I do not see the connection with TXPO. I think the writer should try to explain better if he wants to have succes with his article.
In my professional career I have spoken to many wealthy individuals and if you can not explain them in simple words what is is you are doing,they will not invest. That may the problem for M Shores and his crew and all his supporters.
Good weekend, I am off for a long weekend with my grandchildren(in Belgium)
I have been following this board as well as Google with high interest for quite some time now and I have in the mean time over 110000 shares. My main concern apart from Cornell is the small number of shares in public hands as well as the still poor financial strenght of this company.The equity is ridicously low,and if the company wants to grow it will need a lot more capital with a considerable dilution as penalty for the present shareholders..
I read somewhere about a potential volume of shares of 5 million (is that per day),but where will they come from?
I am not a technical guy and have sometimes difficulties understanding what they are really doing but the positive contributions of many of the writers here has certainly helped me. However I understand that some of the products have still to find their first buyer,
A lot of questions for my first time?
PS Itis ridiculous how with a purchase of 100 shares you can make everybody happy and more rich with this stock. I followed that discussion at the time