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LJ.. Was that you who won the contest?
Congrads.. You are lucky....
FRE should announce a buying new subs soon... I hope..
Noted this....
Qtr A/R..... Revs(12 ttl) days
3Q06 $14,417,883 $36,495,825 142
2Q06 $11,346,155 $34,479,810 118
1Q06 $7,539,335 $31,421,484 86
4Q05 $8,423,127 $27,553,030 110
3Q05 $5,994,756 $30,869,535 70
2Q05 $6,937,921 $30,021,841 83
1Q05 $5,697,876 $24,208,378 85
4Q04 $5,406,172 $21,191,492 92
3Q04 $4,384,226 $8,367,579 189
2Q04 $2,368,364 $702,292 1,214
Survey Results....
1) What % chance do you believe the Cast-Crete reverse split merger will happen?
Answer... Num Votes % Votes
0%.......... 2........... 50
50%........ 1........... 25
75%....... 1........... 25
Answer.................................. Num Votes... % Votes
CEO is full of "crap" most of time....... 1........... 25
I believe the CEO......................... 1........... 25
other.................................... 1........... 25
The deal doesn't happen................. 1........... 25
Save on sales tax too if not in your state
your funny...
If they get those type revs...
Then I predict they will have a trailing EPS after 1Q07 of over $.33 and that includes the Finance Cost for the Nov. 06 CD. Now all they gotta do is get paid.
Hey Og,
You believe 4th Q will be good. What do you think Revs will be?
Candence... I think institutional buyers will zero impact on the stock price should HQ go to the AMEX. I don't think they will buy HQ stock. I do think many investors that don't buy a BB stocks, may buy HQ. It will bring higher dollar investors... and will be good.
Walmart is into this "Sustainability" mode.. how smart is the HQ name... Walmart is having a major impact on many businesses right now and Walmart is setting the standards... all will want to follow... that is the connection IMO.
Walmart is starting this "point system" for company buyers to follow... ie.. if a product is made organic, less package material or recycled package, using green energy to produce.. along with price!... then you get nod.... they will buy from you, verses not having all the above... what does HQ offer?
http://walmartstores.com/microsite/walmart_sustainability.html
Still gathering information about the company so that I can have an intelligent conversation.... They need more transparency IMO... and this AR thing is a major concern for me.
This AR issue is a red flag... IMO the worst case should be 90 days.. I made a mistake when I posted on Bruce's blog... corrected... 365/[36.495 Mil(12 months Rev)]/14.418(AR)] = 144; I say 90 days because some major companies pay after each Quarter... but even then, some sales may occur at the beginning of the Q and some at the end.. thus really.. days should be less then 90 days...
If they were at 90 days, then AR would be around 9 million and they would not have needed this most recent CD.
But then again, without knowing all the facts about the AR... Maybe it is what it is.. the 144 days may mean they will not get paid... that will mean a bad debt hit is coming ... $5 million won't feel good... They borrow from shareholders for this?? Just want to consider the worst...
Clarity about Trade Recievables is needed here.
Red flag....
Will need to get the advisor to look at this...
may take awhile...
ITEM 1 - LEGAL PROCEEDINGS 2Q 2006
A complaint was filed in the Superior Court (Commercial Division) in Quebec, Canada requesting that the transfer of the assets of Upsilon International Commerce Marine (Suci Marine) Inc. to Hainan Fuyan Industrial Investments Company Ltd. and then to Jade Profit Investment Ltd. be voided (In the Matter of the Bankruptcy of: Upsilon International Commerce Marine (Suci Marine) Inc. (Debtor) and Andrew Dalgleish & Associates Inc. (Trustee), and Bank of China (Canada) (Creditor) v. Hainan Fuyan Industrial Investments Company Ltd., Jade Profit Investment Ltd. , Norbert Sporns, Lillian Wang, Hua Wang, HQ Sustainable Maritime Industries, Inc. and the United States Securities and Exchange Commission (impleded); Province of Quebec, Superior Court, District of Quebec, No. 500-11-021796-038). The Company believes that the case is without merit and shall be seeking damages in a countersuit.
What would it mean if they lose? Should I dare to pull the complaint?
http://www.secinfo.com/dUqRq.1gp.c.htm
US$ 5.7 million
(the "Purchase Price").
Candence...
Mis-typed the yr...
Bruce missed on "conclusion: I still believe it's worth about 50 cents." Ouch..
So where are we today? I think were gonna get that AMEX bounce..
Still getting my questions together.. We have time.. IMO
Bruce's Opinion.. blogger
http://pink-sheets.blogspot.com/2005/10/advant-e-corporation-avee-high-level.html
Bruce's Opinion
a blogger PPS on 10/01/06
http://pink-sheets.blogspot.com/2005_10_01_pink-sheets_archive.html
Thanks a_251cadence and Simple for the Chart
LOL.. Not to flashy is Sitestar...
but still feel strongly, FRE will not go beyond end of 1st Q, without some type of nice acquisition....
Grow Revs = Grow PPS
I compare the company from before we bought Ida...
Item.................. 2Q05 ...... 3Q06 ...... Difference %
Total current assets $302,930 $317,633 $14,703... 5%
TOTAL ASSETS.......... $2,186,085 $4,384,039 $2,197,954 101%
Total current lia...... $929,362 $1,904,434 $975,072 105%
TOTAL LIABILITIES.... $1,876,519 $2,665,430 $788,911 42%
Revenue.............. $780,618 $1,444,772 $664,154 85%
Net Income............ $155,743 $282,468 $126,725 81%
EPS................... $0.0019 $0.0032 $0.0013 69%
PPS .................. 0.028 ..... 0.065 .... $0.0370 132%
This one never trades... LOL
On November 1, 2006, our board of directors unanimously adopted, and shareholders holding a majority of the capital stock approved, a resolution to effect a reverse stock split at a ratio of 1-for-20, subject to the definitive board action approving the exact ratio to be taken within the next 90 days.
I'm sure the mgt wants to get it going... My guess is in December... next is Definitive Information Statement... which will tell us the exact date... i think..
and simple is simply the best...
Hey a_251cadence... Since you lke RSI and MACD
Place'r on the board
I just noticed this..
Assuming no doubt they goto the AMEX...
The 4th will have at least a break even before tax income.... using historical past %'s
With that assumption... this means revenues in the 4th Q will be at least $8.75 mil
American Stock Exchange qualification (AMEX)
Do we? I think under Sec. 101.a
a) INITIAL LISTING STANDARD 1
(1) Size—Stockholders' equity of at least $4,000,000.
(2) Income—Pre-tax income from continuing operations of at least $750,000 in its last fiscal year, or in two of its last three fiscal years.
(3) Distribution—See Section 102(a).
(4) Stock Price/Market Value of Shares Publicly Held—See Section 102(b).
Summary
(1) Size - Stockholders' equity of at least $4,000,000.
- We certainly meet this requirement 3Q06 10Q TOTAL SHAREHOLDERS’ EQUITY $25,862,585
(2) Income - Pre-tax $750K
We meet this requirment
- (3Q06 10Q 9 months) INCOME BEFORE INCOME TAXES $757,072
- (10K 2005) INCOME BEFORE INCOME TAXES $3,895,092
(3) Distribution - 102(a) Distribution—Minimum public distribution * of 500,000, together with a minimum of 800 public shareholders.
- 10KSB Filing date: 2006-03-31 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS As of December 31, 2005, there were approximately 1215 holders of record of our common stock.
- HQ also meets the volume rule From May 1, 2006 to November 10, 2006 Assuming 1 for 20
Shares traded... Pre-split 27,059,851; post-split 1,352,993
Avg/day........ Pre-split 197,517; post-split 9,876
(4) Stock Price/Market Value of Shares Publicly Held—See Section 102(b)
I believe we qualify.......
102(b) Stock Price/Market Value of Shares Publicly Held—The Exchange requires a minimum market price of $3 per share for applicants seeking to qualify for listing pursuant to Section 101 (a), (b) or (d), a minimum market price of $2 per share for applicants seeking to qualify for listing pursuant to Section 101(c), and $3,000,000 aggregate market value of publicly held shares for applicants seeking to qualify for listing pursuant to Section 101(a).
- 1 for 20 at today's pps is $4.50
- PRER14C 1 dprer14c.htm SCHEDULE 14C INFORMATION The number of shares beneficially owned and the percent of shares outstanding are based on 6,483,168 shares outstanding as of November 16, 2006 All directors and executive officers as a group (8 persons) (9) 3,461,956
The calculation... (OS shares 6,483,168) - (All directors 3,461,956) = (Public float 3,021,212 x RS 20) = (60,424,240 x $.225) = $13,595,454
Hey MS blue.. If Cast-Crete (CC) wants to take EFTI's tax losses..I'm all for that.. LOL...
I too expect the merger to happen.. unless it's made know otherwise... 44 day or less... by my count...
Our CEO Stanton, is also the CEO of CC.... and owns shares in USSE... Now USSE says no connection to any other company.
EFTI does have a relationship with USSE of FL. A loan. They are not the same as USSE of MS... the USSE.OB
I think you should goto the USSEC.US to get info about CYBR stuff.. may guess is one for one share.
Questions for company...
About the Marketing
- Where are all your advertising funds going? Newpaper, TV, Magazine, billboards?
- Where would I get confirmation of these funds spent?
- What % of sales in here in US? Asia? Europe?
- Will most of the revenue growth in North America?(this may be in 10K)
- Why was the 2nd Q of '06 revenue down vs that previous quarterly revenue?
- Is this business seasonal?
- Is supply an issue or problem to meet current sales demands?
Accounting, Trading issues, AMEX Questions
- So that I may evaluate your company and compare to the market, who are your public competition?
- The CD holder have not sold their shares, what to you perceive the CD holder intentions are?
- Was the listing delayed due to the change in accounting procedures the force the "a"? (not sure this matters any more)
- Is the RS the sole reason to get listed on the AMEX?
- Why choose this timing for the RS? Why not wait for higher revenues and profits?
- Why not give guidance?
- Can you please help me understand the January CD? (more coming after i study)
- Is the Nov CD a mirror of the January CD?
Future Plans
- What is the company doing to make sure the newly announced construction of the feedmill is completed on time and at budget?
- Why do you need a new Processing plant? Will it be paid for similarly like the announced Feedmill?
Any help here is welcome.... I don't want to call up and sound like a retard.
Could tell by pps and volume we had support of CD holders
With pre14C this confirms....
post split
The Tail Wind Fund Ltd (3) 1,240,250
Red Coral Group Limited(4) 1,984,142
Sino-Sult Canada 1,431,529
It's growing pains when you finance with a public company..
Here's some of mine
Was the listing delayed due to the change in accounting procedures the force the "a"? (not sure this matters any more)
Are you marketing to the public or wholesale food industry?
Where are all your advertising funds going? Newpaper, TV, Magazine, billboards?
So that I may evaluate your company and compare to the market, who are your public competition?
What % of sales in here in US? Asia? Europe? (this may be in 10K)
Why was the 2nd Q of '06 revenue down vs that previous quarterly revenue?
Why did you elect to do these PIPE deals?
I'll add your too..
Why choose this timing for the RS?
Once we get through the RS and they go to wall street... ring that bell... we'll see something good..
I just noticed the 14C pop...
It's a 1 for 20...
http://www.sec.gov/Archives/edgar/data/857073/000119312506237329/dprer14c.htm
Looks like additional 6 million converted or extra dilution..
John Gyver says.....
"... and ride them with big brass balls."
So if John's gone, likely he rode this fish to the deep waters of the $.20's... jumpin out to the heights of da $.30's..... leaving no Insects in his wake... At Least Twice!
How do you like the new board? Gonna make a call to mgt soon... making a list of questions... got any?
Too bad no showdown this year...
da shoes wanted to get even...LOL
Willie was fast last week
Hey art2Gecko...
This one is being bought by IElement Corp (IELM.OB)
US Wireless Online Enters Into Letter of Intent With IElement Corporation
Tuesday October 17, 4:00 pm ET
LOUISVILLE, Ky. and DALLAS, Oct. 17 /PRNewswire-FirstCall/ -- US Wireless Online (OTC: UWRL - News), one of the nation's largest wireless Internet broadband network operators, announced today that it has entered into a non-binding letter of intent to sell a majority equity interest in US Wireless Online to IElement Corporation (OTC Bulletin Board: IELM; Frankfurt: SZQ1.F or IELM.F), a nationwide provider of advanced communication services and Voice over Internet Protocol (VoIP) solutions.
Upon completion of due diligence and closing a definitive agreement, the deal will give IElement access to over 2,500 business customers who generated over $3.5 million in unaudited gross revenue for US Wireless in 2005. It will also expand IElement's presence by adding six new markets in the Southern, Midwestern and Eastern parts of the United States.
IElement's CEO, Ivan Zweig, commented: "This is a new opportunity for us to take a leadership position in the booming wireless broadband market, gain valuable market share and broaden our nationwide footprint. We look forward to leveraging this new customer base, technology and market space. Additionally, we anticipate achieving significant penetration into these 2,500 business customers by introducing our vast array of complementary products to them, most of which are not currently offered to the USWO subscriber base. These products include traditional voice service, VoIP, managed Microsoft Exchange, disaster recovery service and hosted IT services. We are committed to increasing shareholder value by leveraging our existing capabilities and are very excited about the vast incremental 'sell through' opportunities presented by the addition of these customers."
IElement is based in Dallas, Texas and US Wireless is based in Louisville, Kentucky. The companies will release additional details of the transaction once a definitive agreement is signed, which they expect to take place on or prior to November 15, 2006.
Thanks RR!
And I thought I was the only that owned this one.. LOL
and a nice post..
This one's tough to buy. I talked to the CEO Mr. Wadzinski a few months ago and he said growth will be from both organic and possible acquisitions.
You can see by the history... solid organic growth.
Good point...
The problem IMO is that we won't know 4th Q earnings till March... A RS is coming... more shares issued for services.. just doesn't give me a warm and fuzzy.. we'll see where it's at in December..
That a great question... how much...LOL
really anybody's guess...
Trading history
Oct 2006 2,993,645
Sep 2006 4,795,250
Aug 2006 4,662,328
Jul 2006 3,833,347
Jun 2006 2,500,785
May 2006 5,954,308
Apr 2006 4,675,144
Mar 2006 12,227,515
Feb 2006 11,645,187
Jan 2006 13,576,053
It seems to me I saw about 500K or more folks with 144's Then these folks.. Not that any sold ... but...
9/15/06 RAYNER, CYRUS,
25,000 Proposed Sale (Form 144) AMERICAN CAPITAL PARTNERS
8/31/06 LEE, DAVID, 34,999 Proposed Sale (Form 144) PENNALUNA & CO
8/28/06 LAIHO, YRJO, 100,000 Proposed Sale (Form 144) EI ASSET MANAGEMENT
8/17/06 GARTSTANG, JACK, 15,841 Proposed Sale (Form 144) PENNALUNA & CO
8/11/06 LEE, DAVID, 13,907 Proposed Sale (Form 144) PENNALUNA & CO
7/31/06 LOTTER, POULO, 18,125 Proposed Sale (Form 144) HUNT LEIGH SEC CORP
7/28/06 SCOTT, WILLIAM H.,Shareholder 24,999 Proposed Sale (Form 144) WESTPARK CAPITAL INC
7/16/06 OLSSON, BERTIL,Shareholder 74,884 Proposed Sale (Form 144) WESTPARK CAPITAL INC
7/10/06 MESON, THOMAS, 44,900 Proposed Sale (Form 144) UNKNOWN
7/1/06 THOMSON, JOHN E., 24,925 Proposed Sale (Form 144) HUNT LEIGH SEC CORP
7/1/06 COWBURN, MARKUS, 12,729 Proposed Sale (Form 144) HUNT LEIGH SEC CORP
6/26/06 LINDMARKS, SOREN, 20,886 Proposed Sale (Form 144) EI ASSET MANAGEMENT
6/26/06 VEKARIA, LALJI, 152,517 Proposed Sale (Form 144) FIRST CLEARING CORP
5/4/06 DAVIES, ANTHONY NEIL, 15,000 Proposed Sale (Form 144) NEW BRIDGE SECURITIES
4/20/06 COURTEAU, PAUL, 240,000 Proposed Sale (Form 144) UNKNOWN
Then ya got this...
Jan CD
Type.. Stock Shares Conversion Price
Common... 30,479,166 $9,143,750
class A.. 8,708,333 $3,047,917
class B.. 10,450,000 $4,180,000
Finders Warrent 1,741,667...
I mistimed this one....
I liked net income and the AMEX PR. At that point, a RS would not have bothered me.. Then came the amended 1st and 2nd Q… Now another CD with more expenses to come.. IMO, Too much time before any major PR that will effect PPS... we likely have more down side… Hummm... no retiring share here that I see?
BTW o/s September 30, 2006, there were 123,130,467
Another good Q!
record revenues of $1,368,582
Net income for the quarter was $232,375
Loaded with cash too.. Cash and cash equivalents, end of period $1,850,956
This is a solid, well run company!
I would challenge any to find a better BB...
I think they may have the support from the cd holders... need more time to think about it...
Off a bit.. but close on the 10.5 mil level...
Let's get this one to the AMEX...
Yep, half empty on this one...
but do want all this to be true...
I got another one fer ya
http://www.josephnewman.com/
video and all