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Giff's opinion as of right now....
Cast-Crete Corp.(CC) and owners of CC have loaned and converted over $20 million cash into EFTI shares since first taken over from Toups Corp back in 2000. For several years these men believed in these "green" technologies and the proof is the tremendous loans given to EFTI.
In 2004 the company obviously changed the business plan with the purchase of a construction company EME. With this buy came huge revenues and some positive cash flow. Shorty after the EME buy, they received financing through Laurus Master Fund, LTD (A widely known Toxic hedge Funder) in the form of a Convertible Debenture. Clearly diluted the float and obviously unfavorable to pps.
In March, an 8K was filed to reverse 60:1 split merge with CC, another construction company. Since profits from CC have funded EFTI, it makes since. The plan is to spin off the unprofitable "green" business and change the name from EFTI to CC.
The new company will have Revs of $150 mill and EPS of $1.60 with OS of 15 mil. If you compare other similar construction companies http://biz.yahoo.com/p/633peeu.html then you can see that they trade future at about PE 10. Post RS merger at $1.60 EPS is $16. Today, we are trading at pre-split $4.80 per share.
So desire is for the RS merger to take place and and we get 3 bagger or so.....
The Risk!
- continued float dilution by Laurus difficult to predict pps bottom as time goes on before RS merger
- Should different timing of RS... Merger... Increased OS (not in any order) will make it tough to predict pps bottom
- The merger fails to materialize
Hello all....
I have now volunteered to monitor this board and accept all input toward it's improvement.Thanks talkingmammal!
hey folks, Any stats or research on RS stocks PPS... shortly after it happens?
Stuff like..... % where pps goes up or... % where pps goes down?
TIA
and
USEI is planning a RS.
http://www.sec.gov/Archives/edgar/data/1107955/000123174206000697/useipre14c.txt
I'll give ya something to think about...
09/16/05 Sitestar purchase IDACOMM
over 3 months less then 4 months
01/09/06 Sitestar Purchases Netrover, Inc.
just over 2 months
03/21/06 Sitestar Purchases Prolynx
just over 3 months
07/05/06 Sitestar Acquires First Net Internet Access Subscribers
now nearing 3 months
Hummmmm?
The Q is about over and IMO the 3Q revs will be about $1.5 million. This will be the largest single Q in the company history. Thinking they have some enough cash to acquire a big one. We'll see
ELNK is traded at low PE too
Thanks Simple.. SYTE gonna sneak up on everyone. 3rd Q will biggest ever and they must have some cash to make a nice buy. It might be that big one mentioned in the last chat.. Good luck.
Hey guys.. Can I asked your help about cash flow....
They have 3 areas.
Net Cash provided from Operations
Net Cash used for Investing
Net Cash provided from Financing
Looking at Net Cash provided from Financing
-Proceeds from note payable, related party
Anyway possible this "Proceeds from note payable, related party" could be a asset transfered? Or must this be cold hard cash?
TIA
Wick...
I'm sure they could with the right terms... But buying someone like that would be different then what they have been buying.
It's been a good while since the last purchase. History tells us it's time again.
New Survey... Please Participate.
We have Boardmarks: 41
8 email subs
I hope we get more the 5 this time.
To SYTE, GEEK is worth about $100-$110/sub.
50K x $110 = $5.5 mil; Geek current Mkt cap... $3.6; Geek may have a million in cash. $5.5 mil /12.5 mil =.44/share. Would shareholders take .44/share? I would LOL. I guess FRE would have to buy shares, call for a vote.. maybe 1-2 million shares. Other stuff too. It would be fun. Geek's going pink IMO.
We are in a different place....
Frank: We don’t get that far with a valuation of our company. We are buying, not selling.
This is why I like Frank. Honest.
Just what is the future here?
Messed up finishing my last opinion...
Now we know they paid off that $600K less 250K for last buy, plus 3 months gone by. They must have at least $800K for downpayment. Ida wanted $250K for $2.5 mil revs.. first net wanted $250K for $1 mil revs..
So one could think they could get an additional $5 mil in annual revs right now making us peek at $10 mil in revs. Plus, I don't think the goal thing was fluff. There has got to be NB companies wanting to exit. That deal just didn't work out. Others will. It always happens that way with smart business folks.
We now have gone 2 years with net profit. Credit history is important in getting a cheap loan. They are building something here...
I was watching Mad man a few weeks ago... "we are in a slowing period" (See that ELNK vs SYTE PE post) Don't panic...
PS.. wish I'd sold all my stock at .11 and re-enter at .06 anybody do that? LOL
OK here it is.. golden cross?
I think folks thought the 100K sub level was coming causing the 52 week high. After the Chat (5/23), some folks took a 1 bagger and sold. And why not? If the goal statement was never said, we might of slowly gotten to where we are today. This because the goal didn't happen. Had the goal happened we'd be in the .15-.20 range.
Now we know they paid off that $600K less 250K for last buy, pluss 3 months gone by. They must have at least $800K for downpayment. Ida wanted $750K.. first net wanted $250K and we got 6K subs
This golden cross happend back in 9/06 too and look at the results.
That golden cross stuff is very interesting to me...
Is is coincidence or is there logic behind it?
The company must have near a million for downpayment. A million gets us 20-30K+ subs... almost double where we are today... then they pay them off again quickly like before. This will make that cross happen no?.
I think it's time for a survey...
Any suggestions?
From 2Q05 to 2Q06
Paid $2,302,535 for new revs only increasing LIABILITIES $572,430.
Revs 3 months 2Q05 $738,736
Revs 3 months 2Q06 $$1,365,029
and increase of $619,687
AND we bought First NET!!! I'm very pleased with the 2nd Q
PS.. Miss that last predict didn't I.
Some interesting comparisons to ELNK
Blue is Earthlink and Green is SYTE
Since making profit we have been below PE of 7 only 25 trading days out of 347 .... that's 7.2% of the time.
I'm betting that we do hit PE of 10 again. EPS .0106 x 10 = $.106 pps
I think we like! nice Q
Ready to make some money wick?
Me too. Knowing FRE, I think the will be OK. It seems to me these guys work hard and are honest. An ISP business is just a very tough business right now. If they show they can lower debt while executing plan then we got something very special here. Place ya bets.
Too easy to predict... LOL
When we are surprised.... that's when we'll all really like it!
A Revs $1,333,758
A Net Income $230,855
NICE.... Right on target! Go baby go!
"2nd Q predict for the fun...
Revs: $1,337,899
Net Income: $210,885
12 month trail EPS $0.118"
This is the company undervalued at this point in time. This Auto market is of nice size. Having doubled is a very good sign. This is a well managed infant company that is poised to grow.
Good luck to all that invest here... to $3+ we go.
Yeh but last 3 we're close to the requirement date. Since we didn't buy anything of significant in the 2nd Q, I don't expect any gangbuster. Seems we don't get much pop on earnings. In fact, this Q could only hurt us if they didn't keep exp's in line. 3Q will be good. All IMO
LOL I hope not...
Don't wish that on anyone.
Q out about the 15th.. based on history
margin call?
That doesn't sound good. LOL
that goal is a long ways away without some downpayment money. Still profit taking IMO. Just last year $.035 and $.053 today is till a nice 50% return. Maybe someone miss the $.11's and gave up. I've been thinking and saying this since last fall.. cash is king. But then everyone had the best 1st Q ever, LOL. We're in a down tick IMO. War, high oil and increasing interest rates making it tough many. Layoffs seem to be hittin near home. I hope I'm wrong but, I think we're in for some tough times. Only good news is my banker friends say Fed is done. We'll see. Place your bets..
PS..Leb, only want the best all your folks. It's amazing to think we have this stuff going on in todays world.
2nd Q predict for the fun...
Revs: $1,337,899
Net Income: $210,885
12 month trail EPS $0.118
We'll see.
I see addition of SARBANES-OXLEY stuff.
Thought I'd post my Predict for the remaining year....
All for fun now... I'm no pro! and I'm not old either.
Quarter Internet Dev Retail Total Cost of Rev Operating Exp Other Exp Net Income YTD Net income
F 2Q 06 $1,372,946 $0 $25,000 $1,397,946 $433,363 $765,000 $60,000 $139,582 $327,264
F 3Q 06 $1,501,215 $0 $25,000 $1,526,215 $473,127 $765,000 $60,000 $228,088 $555,352
F 4Q 06 $1,376,102 $0 $25,000 $1,401,102 $434,342 $765,000 $60,000 $141,761 $697,113
Assumptions:
1) Revenues: Assuming 4% churn on NB and no erosion on BB.
2) COGS:Using last Q 31% of revenues. (Historical)
3) OP Exp: using 1st Q's number
Think 3rd Q PE at pps $.057 os 5.9
5.9 is historically low....
pps $.05 makes that a 5.2... Never seen that before
Mkt's down and I hope folks have cash now to make some good buys.
Yes Mike,
Looks to me we likely will have our first decrease in quarterly revenues in over a year reported for the 2nd Q but, this acquisition will put us back on track for the biggest rev Q in the history of the company for the 3rd.
W0od must think
expectation(e)= money(m)Chart(c)square(²)
so
49=7²
The GOAL is always looming.....
You could assume we have about mid 20K sub range. 80K is the goal. Based on last weeks buy, $250K cash got them a Million in revs. 6.5K subs. 80K/6.5K=12.3 factor. $250K x 12.3= $3.08 mil. in down payment money and $1 mil revs x 12.3 = $12.3 mill additional revs. plus current $5.5 mil revs = $17 mil plus in revs. With an element of enthusiasm, certainly worth a market cap of what? At least equal to revs? $17mil/88Mil= $.19 cents? My hope and wish.
IMO a good buy for all under .06 today.
Was too late to make that kinda buy. Darn.
Still thinking anything under .07 is good. We'll see soon..
Geaux FRE!
Still think...
EPS will be 13 cents by end of 2006 and historically reached 25 PE.. thus 13 x 25 = $3.25 sometime in '07
Low PE, growing revs... Your chance...
We'll see when the 8k is out... but think it will increase NI and EPS vs what thought.
News and still low PE...
Looks good. eom
Trendline PE says SYTE should be at above 11
my guess
Quarter Internet Dev Retail Total Cost of Rev Operating Exp Other Exp Net Income YTD Net income Basic Shares
A 1Q 06 $1,430,300 $0 $27,223 $1,457,523 $449,789 $762,730 $57,322 $187,682 $187,682 88,013,305
F 2Q 06 $1,359,038 $0 $25,000 $1,384,038 $442,892 $765,000 $60,000 $116,146 $303,828 88,013,305
Which would put our pe still low at 7.8 if true
Guess how much SYTE is sold short?
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_016328.pdf
Anybody know how to get access to this info when ready?
OK here's my guess... I say 8 million shares are short in SYTE.
Why? ELNK is about 9% sold short. I say SYTE follow them. Second guess would be float x 9%... 4.6 mil
http://www.nasdaqtrader.com/asp/short_interest_resp.asp?searchby=Detail&IssueID=20452
I think too
a op cost improvement. Our cash should grow. IMO
I agree with ya Bones....
Likely SYTE follows too.
Thanks for that pink post..
NASDAQ Comp
Dow
PS.. Give it to shaq! I remember Avery at Southern? Does that date me?
From CEO
of another small BB I own. Says auditors are taking opportunity to raise price due to greater liability and more paper shuffle is gonna be required. Economics are tight for SYTE and It may not make sense to spend high dollars to keep it on the bb. Just making observation for all BB's too.
OK Wick... Who do we want to own?