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Somehow, someone thinks it's still worth the risk ???
9:39:24 AM Trade 0.09 8500
9:39:22 AM Trade 0.09 8500
9:38:16 AM Trade 0.089 20000
9:37:58 AM Trade 0.089 10000
9:36:24 AM Trade 0.085 13000
Honestly, one should only put a very small portion of his investments in here and he should have a long term expectation only.
If and when speculators do enginneer some more fundamentally unjustified spike of the PPS, selling shares is the way to go since relatively rapidly he will be able to buyback his shares at much lower PPS if he wants to.
Current market value of the company is about $90,000,000 according to existing O/S and equivalent and this shall be justified some time in the not to distant future (let's say 1 or 2 years) if the management does focus on generating larger revenues thru sales to new customers.
Till then I think you're doing the right thing.
Breack a leg as you guys say!
This is a rapid summary of the 11/19 filing that I summarized in my post #1295.
I then wrote (post #1315): 'The management will soon have to focus on getting new sales, larger revenues...'
The reason I consider this morning release interesting is:
'Mr. Danson also announced Advanced Communications Technologies has appointed DaynerHall Inc. as its agency for all marketing, branding and advertising initiatives set forth by the company.'
I however would have like to be better informed about what the company will do in term of CLOSING BUSINESS. Marketing, branding and advertizing presumably will be supporting a selling team and I would have like to hear what the company is doing there ???
Advanced Communications Announces Post-Acquisition Results and Appointment of New Advertising Agency
NEW YORK, Dec 11, 2007 (BUSINESS WIRE) -- Advanced Communications Technologies, Inc. (OTCBB: ADVC), a vertically integrated public company in the reverse logistics industry, today announced financial results for the quarter ended September 30, 2007, the first fiscal quarter for fiscal year ending June 30, 2008. The Company reports revenue of $9.1 million in the current quarter compared to $2.1 million in the year-ago quarter.
On a GAAP (generally accepted accounting principles) basis, net losses for the quarters ended September 30, 2007 and 2006 amounted to $(460,000) and $(84,000), respectively.
For the quarters ended September 30, 2007 and 2006, non-GAAP adjusted net income (loss) amounted to $259,000 and $(46,000), respectively. For the quarters ended September 30, 2007 and 2006, non-GAAP adjusted EBITDA amounted to $714,000 and $(46,000), respectively.
"We are pleased with the Company's results of operations for this quarter, which includes revenues and expenses of Vance Baldwin, Inc. since August 17, 2007, the date that we acquired this major distributor of consumer electronics and appliance replacement parts," said Wayne Danson, President and Chief Executive Officer of ACT. "The integration of Vance Baldwin's management team and day-to-day operations with those of Advanced Communications Technologies and Cyber-Test is proceeding well in line with our expectations. The acquisition of Vance Baldwin and the equity stake taken in Advanced Communications Technologies by HIG Capital, LLC represent important milestones in our goal of increasing our presence in the reverse logistics industry."
Mr. Danson also announced Advanced Communications Technologies has appointed DaynerHall Inc., an Orlando-based marketing and advertising firm, as its agency of record for all marketing, branding and advertising initiatives set forth by the company.
"We went through a comprehensive process of identifying and interviewing many nationwide agencies to find a firm that was qualified to create market awareness as well as branding and strategic positioning in the marketplace," said Danson. "We are confident that DaynerHall can fulfill our goal of establishing and maintaining a distinct market leadership position through a thoughtful and insightful marketing and branding campaign. As we add future acquisitions it is absolutely necessary to combine the new operating companies into one unified brand and market position." Danson stated that a master brand identity that carries across all business activities and corporate communications will help ensure a clear message to the Company's customers, suppliers, investors and shareholders.
Short of being able to produce an audit acceptable by those currently pressurizing Matin, I do not expect Matin to release any audit whatsoever.
For whatever reason, producing a credible audit including whatever there is in BD seems impossible.
I therefore beleive that IF FUTURE THERE IS FOR VLXC, it shall be after the BD operation is taken out of the picture altogether (read 'is sold' or 'is spinned off').
My concern is that we do not know what we own (if anything) out in BD and what such a sale or spinoff would mean to us).
ASSUMING A VLXC WOULD STILL EXIST FOLLOWING THE REMOVAL OF BD, The CURRENT question is: How much would it be worth or what kind of capitalization would it justify.
At current PPS, assuming something like 30,000,000 O/S, it would not take much of a CREDIBLE business (read 'credibly audited small enterprise) to fundamentally justify current market cap!
Whatever the case, assuming this not to already be a complete loss, the very best one can hope for now is to own shares in a small distribution company, able to get supply at highly competitive cost.
I somehow beleive that something (not nice or worst) will soon come out of this ???
My beleif (FWIW) is that few are accumulating from many dropping out.
Some expected to make great return from the announcment of an acquisition but they had forgotten that short term, Thae addition of assets was ballanced by equivalent liabilities.
Strategically the acquisition very probably was a great move but it may take many quarters before it means much to us small shareholders.
This time those wanting it low did win:
3:43:42 PM Trade 0.0008 300 (0.24)
3:24:20 PM Trade 0.001 10000 ($10)
That's what happen with toys for small traders and/or manipulators Money, managers) who enjoy fooling around trying God knows what.
We may as well get used to it.
Till such a Mickey mouse type of share is what we (very few, very small shareholders) own, PPS will remain of no real significance ... except for those PLAYING with it
No problem.
It would be fun to know who decided to 'invest ???' More than $2,000 in this, and what made it decide to do that now ???
'a r/s is not in any plan for the company'
I effecively wrote: 'I know ... the company said it will not do it'.
peace 2 u 2 ...
I wasn't targetting the last trade only but both the one lowering the PPS (9 to 7) and the one increasing it (7 to 9).
Some enjoy manipulating (up or down) the PPS thru very small trades ($10 - $50) for whatever reason they have, your explanation justifying the last trade (show a 'high PPS') and the previous trade justifying its contrairy (show a 'low PPS'). I assume some are trying to enginneer some type of activity generating more interesting PPS and gaps between the highs and the lows ???
That's the problem with stocks (I call them toys) like this. Very few shareholders, holding more or less 2% of the (theorical) O/S, playing with it hoping to suck in naive or misinformed people in their strategy aimed at taking their money away.
Personally (I know it's very unpopular and that the company said it will not do it), I still hope that in a undetermined future, there will be a R/S split and I hope it will be a very significant one (let's say 1 for 1,000).
This would get our PPS to a level (more or less $1.00) potentially attrative to real investors instead of the current level attracting only small traders enjoying playing with millions of shares.
Again, I know most do not look forward to that to happen and I know the company said it wasn't in their current plan.
However plans can be reviewed anytime and, if this is to become a company worth INVESTING in, it will have to look like one.
Having 200,000,000,000 A/S and dozens of billions O/S worth few hundreds of a penny is certainly not something investors are attracted to.
The company recently did a great move (even if it makes their balace sheet pretty ugly), few owns most of it (owning dozens billions shares) and some day (as you earlier said) they will want to cash in some of them for a profit.
They darn well know they will not succeed doing that thru a market only made of small traders playing a few thousands dollars buying and selling for small gains.
Till then. I sit on my free shares (may endup buying back those I recently sold ???) waiting for logic to finally prevail.
We're still far from large gains but, particularly following the last move, the waiting may be worth ???
We shall see.
Ridiculous:
3:59:30 PM Trade 0.0009 X 10000 ($9)
3:58:36 PM Trade 0.0007 X 30000 ($27)
3:56:40 PM Trade 0.0009 X 20000 ($18)
Not that I think that it shall be worth anything to you but, for the fun of it...
'So if it isn't a scam what would you call it, a "failure to communicate"?'
I wrote: 'I beleive Matin to be an incompetent manager, having lied in the past trying to hide the fallout of this shortcoming of his.'
'Don't you think they'd like to know how they were scammed?'
I wrote: 'who cares why it will have died?' Unless one wants to do something such as sueing or killing the guy, what's the value of knowing why it died? As my mother was telling: 'Bitten by a male dog or bitten by a female one makes no difference. All you should care about is you've been bitten'.
'Yea, and I could hit the lottery too.'
Effectively, if you have tickets. (I buy some also but reasonnably).
'How about number 4 possibility? This is a scam, always will be a scam'.
You have the right to beleive so but this is not another possible outcome, it would be a cause of one or some of my outlined consequences.
'You haven't heard anything right yet. Why should this be any different?'
This may be, this may not be? I do not know and you do not know either. I just share what I hear, understanding very well that we all are being somewhat mislead by THE ONLY VALID SOURCE OF INFORMATION (and we know this source has to hide something).
Respecting your mature way or arguing, I decided to respectfully follow thru with you.
Let's first understand that I am a shareholder, I hope to make more money out of this (I already made real good), I beleive there is some potential with this stock and I have no plan to sell anymore shares short term (unless MM's and/or traders do enginneer some kind of spike of the PPS I would not consider realistic (as it happenned in the past).
Second, my posting aims at trading informations, analysises or opinions with others trying to be as objective as possible, not trying to push nor to bash (my) the stock.
In this context, I wrote 'Following the recent acquisition, we have (the equivalent of) more or less 110,000,000,000 O/S.
Note 'the equivalent of'. I did not refer to an active number.
This number came from the 'possible scenario' outlined by the company. I did not make it up.
At the time the company issued this 'potential scenario', it was based on the then current PPS of $0.0007 (which unfortunately is still the one we see today).
The company said (as you pasted in)
- 'The Future Conversion 'WILL' Cause Dilution.
- 'The issuance of shares upon any future conversion of our outstanding Convertible Preferred Stock 'WILL' have a dilutive impact on our stockholders'.
It did not say 'may' or 'could', it said 'will'.
You write: ' if we do get any conversion only about 60-70 billions are in the equation'. 110, 60 or 70, it will depend on the PPS on the conversion date. I use 110 because that's the hypothesis the company did put out.
You write: 'Its just funny how the value of the company(90 million) is exactly what wayne told me today'. You add: 'How did you happen to have the same number he gave me?'
Nothing funny about that. If Wayne does agree with $90 millions, considering current Price Per Share (PPS) of $0.0008 or so, I wonder what number of O/S he used to come up to this number ??? (90,000,000 / 0.0007 = 112,500,000,000 ???).
You ask: 'Outstanding still does not mean that they will sell either?'. Obviously. My few shares are part of the current O/S and I do not sell them. They are still outstanding and included in the FUNDAMENTALS of the company... as all the other O/S which 'may or not' be sold by whoever owns them whenever they feel like it.
Finally you ask: 'So what would the PPS be with only 65 billion?'. You have it backward. The question is: 'for the O/S to endup being 65 billions, what would the PPS have to be on the conversion date? and the answer is: 'about $0.0015'
My concern is that, so many shares are controlled by so few people and those also being the ones who would profit from a lower PPS on the conversion date, they could (hypothesis again) manage so the PPS favors their own interests, diluting me more than I would like to be right now.
Again, nothing negative and let's realize that 65 or 110, we still will be negligeable in the grand scheme of the affair.
One thing we should agree on is, as you say: ' Hig cap. will at some point sell some and they will want to make money not loose money'. That's what I do bet on also.
Let's be realistic. This is still a very small company (More or less $60,000,000 annual revenue), it carries an enormous accumulated loss and it's still has a long way to go before it generates profit.
Following the recent acquisition, we have (the equivalent of) more or less 110,000,000,000 O/S. At current PPS (let's say $0.0008) this does represent a capitalization of about 9$90,000,000.
The company as we now know it isn't worth (fundamentally) that much in my opinion... far from that.
The management will soon have to focus on getting new sales, larger revenues and show some kind of net profit at the bottom line.
This being said, it remains an interesting LONG TERM investment to hold. However one shall be patient, not freeze more money than necessary in this stock and accept that somehow, if the alluded issues become resolved, current level of O/S will remain a problem (i.e. real investor will stay away from it).
By the way the avg number of shares traded within the last 20 trading days is 5,295,600.
During that time:
Low: $0.0007
High: $0.0014
Let's say that trades were at an average PPS of $0.001, then the dayly volume was worth $5,300 0n average and it was made of numerous small trades).
That's why I think that small shareholders get out and their share are being accumulated by large ones.
I noticed that also and I beleive that this will not change much because of the extreme concentration of shares in very few hands looking at it as a long term placement (or shall I say speculative-investment).
I beleive that soft hands got rid of their shares recently whwn the PPS was $0.001+ and those shares endedup in portfolios owned by existing large shareholders not interested in trading right now.
Pretty sure it isn't. As I often said, I beleive Matin to be an incompetent manager, having lied in the past trying to hide the fallout of this shortcoming of his.
I do not beleive that he was an outright dishonest individual having run a scam all along.
This being said, if this affair ends up dead, who cares why it will have died?
For the moment the patient is in a deep coma from which it may never come out. It's however still alive and as we say, for as long as there is life, there shall be hope!
3 possibilities:
1- Bancrupcy (may be)
2- Large investors pull the plug on Matin (possible)
3- Coming back to life gradually (long shot)
Time seems however to be running out for Matin from what I hear.
As Yogi Berra said: ' ...'
However, we are at bat at the bottom of the 9th inning and it shall take a grand slam to survive !!! LOL!
Note: I wrote sLam, not sCam !!!
'Ever hear of the concept of limiting your losses?'
I do obviously apply this concept whenever required or suitable with an INVESTMENT OF MINE (I fortunately do not have to very often) but, as often said, with these toys in my SPECULATIVE PORTFOLIO, I do not. I trade a little (averaging down) but ride these for as long as they live or till the return is worth cashing in.
I have a list of 8 to 12 stocks I play with now and then so playing the stock market can be fun (Not very fun to follow strategic investments such as (examples) Bombardier, Theratechnologies (CDN) or TSM, CSCO or GLW in U.S. markets.
As an example of a successful speculation, on July 10,2003, I bought 23,000 LYT (TSE) at $0.14. Less than 4 months later Nov 03, I sold them all at $1.00 happy with this return on a then considered very high ris speculation. (By the way, last week, I bought back in (100,000 @ $0.04) because the company is still a high risk but they named a new president-CEO who could make the bet worth the risk.
I can also give an example of a stock I lost with when it just died away (CSGI). Started in it early in 2000, traded somewhat and had 100,000 shares at an average cost of $0.098 when the darn scam did finally bit me for good.
As I said. Win some. Lose some ... within this small portfoilio where I just play with spare money.
Right now VLXC looks real bad but I have a few speculations looking quite nice also.
Shouldn't take much of a business to justify such a capitalization ... assuming the darn outfit doesn't go BC before someone tries to find out if it's worth being worked on.
Obviously, it's not possible for an honest auditor to audit whatever this is or not.
I do not know why you say 'not true'.
Taking your gain of $12k (assuming an average selling price of $0.0011 of you $0.0005 shares) you must have sold 20,000,000 shares (20,000,000 x $0.0006). No issue with that.
What I said is that assuming a reasonnable income, to double it would have required selling a heck of a lot of million shares. The 'doubling the income' mention has thereafter been corrected.
1- What would be wrong for them to get the low conversion price?
The lower the price the more diluted you and I get. Personally, this is not something I look for with any of my stocks.
2- Honestly it helps me every year double my income.
?????????????????????
You must have a quite low income ! On the other hand, you could be trading shares by the 100,000,000 at a time (???). Another possiblity is that your post is BS!
Whatever the situation realy is, somebody is selling but at current PPS someone is buying:
9:43:48 AM Trade 0.11 20000
9:43:44 AM Trade 0.11 35000
9:42:14 AM Trade 0.11 15000
9:41:54 AM Trade 0.11 5000
9:39:02 AM Trade 0.11 10000
I wonder how many buyer(s) this represents and why he/they decided to buy this morning ???
Probably someone not reading this board ???
'just like Pual.'
Problems with your reading hability also!
- First, I always said that I did not know (and still do not) but BELEIVED BASED ON INFORMATION I GOT FROM SOURCES CLOSER THAN I TO MATIN. That to me, sounds quite different from your statement: 'he was so sure of himself and his insider info'.
- Second I haven't sold my shares. I said all along that in this speculative portfolio I ride the bet to the end or when the wished for PPS gets reached ... wichever comes first.
- Third, to my knowledge the game is not yet over, even if it seems quite close to a lost cause. We (those you call Pom-Pom squad which I assume you included me in) may very well have been fooled by Matin (which I tought ... TOUGHT ... more incompetent than an outright scammer all along).
'volume indicates no one cares'
I think that volume indicates that very few shares are in the hands of small investors such as us.Almost all common shares are owned by those managing the company or financing it.
Relative to that, interesting to read another abstract of the recent filing:
'There is a limited public market for our common stock , and there can be no assurance that an active trading market will continue. An absence of an active trading market could adversely affect our stockholders’ ability to sell our common stock in short time periods, or at all.'
One risk I see short term is that those waiting for their assets to be converted in common stocks have interest in having the smallest possible PPS effective on the day they will set themselves as the conversion date.
Not much thinking back to do.
I effectively seem (high probability) to have been mislead by my 'sources' and other findings I did thru my DD over the years.
The 'sources' however were themselves mislead by Matin and his mini-management-team (an accountant and a lawyer) which lied to them in relation to many topics, the audit only being one (As a matter of fact, Matin mentionned again that the audit was coming less than 2 weeks ago).
Having been a SPECULATOR in this stock (therefore accepting the risk) and a small one at that, there is not much I can do.
However, some have INVESTED in this company and they have on a relatively large scale. They do not accept gracefully to have been mislead by Matin.
My understanding is that they shall soon take actions but being serious people, they want to do it the right way and at the right time, using the right means, trying IF STILL POSSIBLE, to save whatever may be worth saving.
I may have been wrong as you say but Whenever I made 'prognostics' to quote you, I was honest, GENERALLY QUALIFYING MY POSTS AND REMINDIND ALL THAT THIS WAS A HIGH RISK SPECULATION.
By the way, weren't you blinded by your frustration, you would have read many, many times that I didn't beleive in the BD ownership for over 2 years now and tought and still think that a NA business did and still exist ('BELEIVE' DOESN'T MEAN 'KNOW')
Is that worth something or not ... We shall see but neighter I nor you knows for sure yet.
Are we and the end of the story? Maybe? Who realy knows?
Cyber-Test, experienced a $853,000, or 39.8%, increase in net sales for the three months ended September 30, 2007 compared to the three months ended September 30, 2006.
The increase in Cyber-Tests net sales was primarily due to
.an increase in repair orders from its major customers,
. as well as an increase in repair orders from several recently-added customers,
That's interesting but hidden deep in a filing instead of released as a good news to small shareholders our executive do not care about.
Chrismas was early for some this year. Effectively our executives are self-compensating themselves quite nicely considering the financial results they are generating !!!
- The Company entered into a new agreement with the consulting company of its Chief Executive Officer, Wayne I. Danson, to pay the consulting company $310,000, plus interest accruing at the rate of 7% per annum, upon the earlier of a change of control of the Company or the six-year anniversary of the closing of the transactions described herein, for unpaid compensation under a now-terminated consulting agreement
- Mr. Danson also agreed to restructure a potential $250,000 bonus until such time as the Company satisfies certain milestones as described in Mr. Danson’s employment agreement.
- the Company entered into three separate, two-year employment (+ 1 year option) agreements with Messrs. Danson, Miller and Donahue, ... Under the terms of the agreements, the Company is obligated to pay aggregate base salaries of $725,000 in the first year, $750,000 in the second year and $750,000 in the option year.
- The executives are eligible to receive cash “performance” bonuses determined by measuring actual EBITDA against the target EBITDA of fiscal year and “exit” bonuses after a “Disposition Event”
- In addition, as a result of the change in control, the vesting of an aggregate of 80,000,000 shares of restricted stock previously issued to Messrs. Donahue and Miller as a bonus in connection with the recapitalization was accelerated in the three months ended September 30, 2007
- Also on the Closing Date, the Company entered into separate, two- or three-year employment agreements with Messrs. Baldwin, Coolidge and Scott Cameron ...
- Under the terms of the agreements, the Company is obligated to pay aggregate base salaries of $590,000 in the first year, $625,000 in the second year and $350,000 in the third year
- Two of the executives are eligible to receive cash “performance” bonuses determined by measuring actual EBITDA against the target EBITDA of fiscal year,
- Further, also on the Closing Date, and in connection with the recapitalization, Messrs. Coolidge and Scott Cameron received an aggregate of 687.5 shares of Series D Preferred Stock with a value of $435,482.
- The Board of Directors of the Company approved the issuance of options to purchase shares of the Company’s Common Stock to the following executive officers of the Company
. Wayne I. Danson, President and CEO: 3,996,603,757
. John E. Donahue, VP and CFO: 1,776,268,336
. Steven J. Miller, COO: 3,108,469,589
The exercise price of these options is $.00075 per share
- the Board of Directors of the Company awarded Robert Coolidge, President of Vance Baldwin, options to purchase 444,067,084 shares of the Company’s Common Stock.
- Under now superseded employment agreements the Company entered into with two executives on September 25, 2006, the Company awarded an aggregate of 100,000,000 restricted shares of common stock with a fair market value of $90,000
- In connection with the employment agreements with two executives of Cyber-Test, ... in October 2007, $38,000 was paid as a cash bonus to the executives. During fiscal 2006, the Company issued a total of 50,000,000 shares of the Company’s common stock to the executives for performance bonuses.
-
Abstracts from the Form 10-QSB
- on August 17, 2007, the Company acquired 100% of the outstanding common stock of Vance Baldwin, Inc. Therefore only sales between 08/17 and 09/30 by Vance Baldwin are shown in previous post. If a full quarter had been the numbers would have look as follows:
Net sales: $15,496,321
Operating loss: ($46,123)
Net loss: (749,703)
- At September 30, 2007 and 2006, our preferred stock would have been converted into 123,677,750,000 of additional common shares.
- Sales to two customers in each period accounted for approximately 35.2% and 14.6% of consolidated sales for the three months ended September 30, 2007, and approximately 47.5% and 44.2% of consolidated sales for the three months ended Septembr 30, 2006. (???)
You know where I put your opinions herein ???
QUARTERLY REPORT for the Quarterly Period Ended Sept. 30, 2007
Total Current Assets: $14,598,435
Total Other Assets: $25,897,328
TOTAL ASSETS: $40,996,048
Total Current Liabilities: $8,128,238
Total Long Term Liabilities: $36,231,677
TOTAL LIABILITIES: $44,359,915
Accumulated deficit: ($35,736,531)
NET SALES: $9,071,801
GROSS PROFIT: $2,059,643
NET LOSS: ($460,469)
Deemed dividend on preferred stock: ($819,905)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS:($1,280,374)
Weighted average number of shares outstanding: 4,997,711,570
CASH AND CASH EQUIVALENTS AT END OF PERIOD: $3,375,578
From what I observe, hear and notice, we may soon see some action.
THIS SHOULD NOT BE ASSUMED TO MEAN I FORESEE POSITIVE DEVELOPMENTS.
In my case at least, finding out the bottom line ... great, good or (most likely) bad is what I now look for.
I am positive we do not own anything close to what Matin has claimed all along, I beleive we own something much less significant but still something worth something but I may be wrong and we may have vaporware behind our shares.
I think, whatever the outcome, showdown is right around the corner.
The court case has gone under.
Matin has nothing to say anymore (No PR, no NR).
The involved large shareholders must be getting quite pissed after having tried to get somthing out of Matin (current large trades may be theirs ???).
Something is going on behind the scene and, let's be honest, it smells pretty bad.
There are jokes which are funnier than other.
I now see that SPECULATION as a VERY HIGH RISK, almost no chances to get any return. It goes with playing the game. You win some, you loose some.
- The Company expects to report net sales of approximately $9,072,000 for the quarter ended September 30, 2007 (NOTE: this only includes Vance Baldwin sales from August 17th to September 30th).
- The Company expects to report a net loss of approximately $460,000 for the quarter ended September 30, 2007. his is attributable to an increase in expenses (interests and others) associated with debt financing entered into in connection with the acquisition. (Note: Not clear what that will look like when a complete quarter - all sales and interest expenses for the quarter will be reported 3 months from now).
Let's hope that the management now realy focus on increasing revenues so increased expenses can be covered and a profit generated.
The problem with this stock is that the company doesn't realy care about us small shareholders and they therefore do not care about keeping us informed thru PR,s or NR's, not even to tell us that a filing has been issued (as they did today -- see hereafter).
We now represent probably much less than 2% of the total O/S. Why should they bother ???
Fortunately they have to file regularly with SEC, otherwise we would not know anything about what the company does or not.
SECURITIES AND EXCHANGE COMMISSION, WASHINGTON, DC 20549
FORM 12b-25, NOTIFICATION OF LATE FILING.
- The Company’s independent accountants have not been able to complete the review of the financial statements for the quarter ended September 30, 2007 and the Form 10-QSB within the prescribed time period.
- Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? YES
- The Company expects to report net sales of approximately $9,072,000 for the quarter ended September 30, 2007, as compared to approximately $2,141,000 in the corresponding quarter of the prior fiscal year. The increase in net sales is primarily attributable to the acquisition of Vance Baldwin, Inc. on August 17, 2007 and the inclusion of its sales from that date forward. The Company expects to report a net loss of approximately $460,000 for the quarter ended September 30, 2007, as compared to a net loss of approximately $84,000 in the corresponding quarter of the prior fiscal year. The increase in the net loss is principally attributable to an increase in (i) interest expense associated with debt financing entered into in connection with the acquisition and recapitalization transactions and (ii) increased operating expenses attributable to the acquisition, which more than offset an increase in gross profit attributable to the acquisition.
Best of luck. $0.001 means a capitalization of 60 to 120 million dollars (likely 100 millions or so). Short term this is not justified ($60 millions in sales and 2 millions in losses) but longer term, if our management succeed (focussing on sales), it can become an interesting stock.
I seriously hope this will become a great stock, based on good fundamentals, within a forseable future (18-24 months horizon).
I traded it somewhat in the past (now own free shares only + banked profits) and I look forward to get back the shares I sold recently at a low PPS.
I however seriously would prefer seeing my remaining free shares become more valuable, faster if that could be but do not hold my breath.
Trying to look smart posting this question??? Not that it is important but let me HELP YOU son ...
I know what they are from my own DD and reading of there filings but what I look for and haven't yet found is the answer to the following question:
Are they making any progress (new sales, new customers, ...) relative to their dependancy on very few customers as outlined in most recent filings. You may not realize it but this is quite a critical situation to address, even more considering the portion of our A/R they do represent.
Examples of what I refer to (source: FORM 8-K/A, August 17, 2007):
ADVC:
During the years ended December 31, 2006 and 2005, the Company's sales to two customers accounted for approximately 53% and 51%, respectively, of its total sales.
VANCE BALDWIN inc:
During the six month periods ended June 30, 2007 and 2006, the Company's sales to two customers accounted for approximately 56% and 51%, respectively, of its total sales.
By the way, to my knowledge, the filing doesn't mention if the customers referred to are the same in boyh cases.
Who decided to buy that ... now ???
11:46:36 AM Trade 0.155 50000
It's still about $7,500 thrown in - at ask - by someone or could that mean something different.
For nothing.
Effectively, my posts aren't doing anything to realy influence the PPS, up or down.
Facts are we just found out how diluted we've been, we small shareholders own close to nothing relative to the whole holding and our (very well paid) management does nothing to inform us relative to progress made (sales/revenues/plans/...) other than the progress made relative to the restructuring and them giving themselves shares.
As you know, I sold half my shares at $0.0013 (post #1240) and intended to buy them back at $0.0008 or less (post #1249).
Some shares traded at $0.0008 this morning but I think it's still to high a PPS for me right now.
Let's hope that our management will show some kind of respect for us small shareholders (I however do not hold my breath) and that they will accept to inform us about what business progress they make(sales, new customers, ...).
Alternatively, I would accept traders and money managers to succeed in enginneering a PPS spike based on rumors or whatever they want, so we can PLAY the stock somewhat.
I still beleive ADVC to be a good stock to hold LONG TERM but short term, I only can imagine short term better PPS based on nothing serious... like it or not, this is OMHO!
I wonder? Does this company generate any additional revenues coming from new customers or does it plan to only grow thru acquisitions over years?
Do they have a sales force and if so, what does it acheive?
Seems that the only activities are those related to restructuring covered in SEC filings.
Will they ever tell the shareholders what they do business wise?
Granted we small shareholders do account for close to nothing in term 5 of the company total ownership but it would be nice if our management was to acknowledge our existence thru informing us on business developments ... assuming there are some.