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What is your estimation for the most important metric at this point? Cfp or profitability.
The stock is lagging because not its high revenue but the company hasn't been able to turn a profit.
If you can correctly estimate which quarter the company will turn profitable and go all in a month in advance, you'll make e-z money. E-z as ABC 123.
Can't announce you're going all-in then announce you're raising your bet. That's called string betting. We need to call the floor manager for this one.
There's some fallacy in the argument these star athletes are not doing their job. Their involvement is reflected in the company's market cap. DROP's market cap has been consistently around $30 million despite virtually having no revenue. The market has placed a premium on Fuse. Now compare that to similar companies with higher revenues but smaller market caps.
FITX: $2.26 million last quarter. Market cap. $3.6 million.
ATTD: $120,000 last quarter. Market cap. $1 million.
MSLP: $28 million last quarter. Market cap. $32 million.
DROP: $40,711 last quarter. Market cap. $36 million.
The market also places a premium on LinkedIn and Amazon for certain reasons. IMO, there's a premium placed on Fuse because of our roster of tier 1 athlete endorsers. Once the products are in wider distribution, we should see more involvement from them.
I was expecting at least a 20% drop on the environmental review news. Looks like the stock is holding up well despite it. A good sign.
--------------------------
Newfoundland Shale Oil Find By Shoal Point Energy Is Potentially Huge
CALGARY - As a junior energy explorer comes closer to finding out whether North America's next big shale oil find lies beneath the western coast of Newfoundland, concerns are being raised about the environmental effects fracking could have in the remote region.
Shoal Point Energy Ltd. (CNSX:SPE) spent the winter holidays hammering out a farmout deal with Black Spruce Exploration, a subsidiary of Foothills Capital Corp., that will enable as many as 12 exploration wells to be drilled over the next few years in the Green Point shale.
After that, the companies aim to have a better idea of how much black gold can be coaxed out the narrow stretch of rock — and hopefully attract deeper pocketed investors to help scale up the discovery.
"It's not the big long-term solution yet," Shoal Point chief executive officer George Langdon said in an interview.
As in other shale formations throughout North America, tapping the Green Point will require hydraulic fracturing, or fracking, to unlock the resource. The process involves injecting a mixture of water, sand and chemicals underground at high pressure in order to crack the rock.
Fracking has unleashed huge supplies of natural gas and oil from shales across the continent, but it also brings with it controversy over its potential environmental effects.
Bob Diamond, chair of the Bay St. George Sustainability Network, said fracking has become a hot topic in his community.
Less than a dozen people attended his group's first meeting on the issue, but that number swelled to 60 for a second gathering last week.
"We're not against oil or oil development or exploration," Diamond said from Stephenville, N.L.
"We want to ensure that it's not going to have any significant impact on our health or our environment."
In addition to the safety of the fracking process itself, Diamond said he's also worried about all of the trucks and heavy equipment moving around the area and the safety of drilling in a coastal region prone to wild weather.
He also wants to make sure that other industries, such as tourism and fisheries, aren't harmed.
"I'd like to see a moratorium on gas and oil fracking," said Diamond.
"In Newfoundland, there's actually no kind of regulatory structure in place yet to deal with fracking, which alarms a lot of people."
He said recent fracking guidelines set out by the New Brunswick government seem to strike the right balance, and he'd like to see his province follow suit.
David Murray, CEO of Foothills Capital Corp., said although fracking is new to western Newfoundland, the technology has been around for a long time and has been safely used around the world.
"We know that people will be concerned about it because they're not as experienced in this area as to what's involved. But do we see any real technical issues here? The answer is no," he said.
He said there are no groundwater sources at risk from the drilling.
Shoal Point, a small Toronto-based outfit, set up a data room last summer where potential partners could access company information. Firms from around the world — some large and some small — took a look at what Shoal Point had to offer.
Langdon had expected the potential size of the Green Point — one estimate pegs it as having 23 billion barrels of oil in place — would be enough to lure a big-name partner.
But so far no major firms have been reeled in, likely because there is still a lot of drilling to be done before they're convinced those barrels can be produced economically.
"I think that it's big enough now and they should be looking at it," said Langdon.
"It's a new area. Maybe not many people are as familiar with the geology as we are. In any case, that's the way they look at it and I think the time will come when we'll be very, very interested in it."
Black Spruce brings shale oil expertise to the table and can help take operating costs off of Shoal Point's shoulders.
"These guys were having a tough time even though all the geological information seemed to be outstanding," said Murray.
Another Foothills subsidiary works in the Bakken shale, a massive oil deposit centred in North Dakota that's producing enough oil to drastically alter the North American market.
Black Spruce is arranging with other Foothills affiliates to bring drilling equipment and materials to the remote area of Newfoundland, where so far it's been costly and logistically difficult to drill.
"We felt that we could provide a solution for these guys that many other people couldn't, where they'd have to go to many different places to shop," said Murray.
In the first phase of the partnership, Black Spruce has agreed to drill one well on each of Shoal Point's three blocks for a 40 per cent interest.
Black Spruce will also have the option to drill a fourth well in a location of its choosing, enabling it to earn a 50 per cent interest.
Once the optional well is drilled, the companies can choose to enter their deal's second phase, which involves drilling up to eight more wells, giving Black Spruce a 60 per cent interest.
The top priority will be to finish off a well on the southernmost block, where Shoal Point's lease has already expired. The regulator, the Canada-Newfoundland Offshore Petroleum Board, has been "patient" in allowing Shoal Point time to complete the work this year.
"As the first company exploring for an unconventional play in offshore Newfoundland, they've given us a lot of discretion and flexibility to prove that this could be a commercial venture. And we are very appreciative of that fact," said Langdon.
Once Shoal Point and Black Spruce have proven that oil can be produced from the rock, they can apply to the board for a significant discovery licence.
Shoal Point is by far the biggest landowner in the Green Point, having amassed more than 280,000 hectares across its three blocks. Shoal Point owns 100 per cent of two of those blocks and 80 per cent of another.
Shoal Point's activity so far has been at the south edge of the formation, which stretches north along the coast well past Gros Morne National Park.
The Green Point extends into the offshore, but the wells are being drilled from on land into the formation.
Recent fluid injection tests by Shoal Point's Houston-based contractor showed promising results when it comes to the rock's permeability.
"Every time we turn over a stone, things look better on the technical side. We're very, very happy about that," said Langdon.
Murray said there's "no question" the Green Point holds a lot of oil, but it remains to be seen how much of it can flow to the surface on its own steam.
"There's only one way to determine that at this point from the technology that we have today, and that's to actually drill."
ve Got To Do With It" Ringtone to your Cell
"What's Love Got To Do With It"
You must understand
That the touch of your hand
Makes my pulse react
That it's only the thrill
Of boy meeting girl
Opposites attract
It's physical
Only logical
You must try to ignore
That it means more than that
[Chorus:]
Oh what's love got to do, got to do with it
What's love but a second hand emotion
What's love got to do, got to do with it
Who needs a heart
When a heart can be broken
It may seem to you
That I'm acting confused
When you're close to me
If I tend to look dazed
I've read it someplace
I've got cause to be
There's a name for it
There's a phrase that fits
But whatever the reason
You do it for me
[Chorus]
I've been taking on a new direction
But I have to say
I've been thinking about my own protection
It scares me to feel this way
[Chorus]
What's love got to do, got to do with it
What's love but a sweet old fashioned notion
What's love got to do, got to do with it
Who needs a heart when a heart can be broken
RJ, I think it might have been you or JLTG who asked something to the effect "Would you date a girl again after she's repeatedly cheated on you?"
The answer is YES. In the summer, I work with hot models. I've learned that women are like stocks in some ways. There are those you play with and those you keep. And like women, stocks are very finicky. It's hard to predict how they'll behave but with a some intuition and experience you can approximate their movement.
And to avoid a 18 year disaster DISASTER, you have to be in at the right time and OUT at the right time.
IMO, MSLP is finding a trading range until the next catalyst propels it. I would be comfortable going all-in at this price but won't because there may be another round of dilution.
"...Ohio and Pennsylvania and will very soon have EnerJel™ at the pharmacy and PowerFuse™ and ElectroFuse™ at checkout."
Getting their products at point of sales was how 5hur Energy managed to do a few hundred million in revenue without star endorsers. Imagine what Fuse can do with retail POS AND star athlete endorsers?
F-U-S-E
You and me
Make E-Z money
E-Z as a-b-c
E-Z as 1-2-3
F-U-S-E
This subject was covered in one of the posts. I wouldn't consider it news.
It's a template that alerts or notifies. The only things that change are the name of the company, the ticker symbol, and the "supplemented" date.
Summary Prospectus
October 1, 2012
(as supplemented February 15, 2013) --> the date Fuse was added.
ETFs are allowed to track other ETFs and this particular ProShares tracks 6 other ETFs. If Fuse is not in ProShares' Ultra Short SmallCap600 (I have no way of finding out), it will be in one or more of the other 6 ETFs that ProShares tracks.
"That whole thing is very suspect. Maybe I'm being overly paranoid, and if so, I do apologize."
You do seem paranoid. Please refer to my poker analogy.
Yes, you have, Sir. My arse is sore from your proverbial arse kicking.
"Pretty sure that Pro would have no qualms about this if SIAF constructed farms for the same revenues to third parties."
Ding ding! Bingo!
"But my point about people's ignorance stands."
10x for you, Sir.
Vegan, it's "prokopton."
"The 26% and 50% subs is the same one [HSA] if you take a closer look.
This is what I mean by C-O-N-V-O-L-U-T-E-D.
SIAF owns Tri Way Industries, which in turn owns 26% of HSA.
SIAF owns A Power Agro Agriculture Development, which in turns owns 45% of SJAP, which in turn owns 50% of HSA.
So what is SIAF's ownership % in HSA? It's not 76% because SIAF only owns 45% of SJAP, which owns 50% of HSA.
“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” ? Steve Jobs
Right now SIAF seems a bit too complex for me.
RealDutch,
You've convinced me. I'm going SIAF-all-in Tuesday morning.
I'm looking at SIAF's "The Ultimate Holding Company" chart at the intro of this forum. A few things may have changed since the chart was posted. It is a very convoluted chart. In the chart, SIAF has ownership in 15 other companies. It has a:
--25% interest in 9 subsidiaries.
--26% in 1 sub.
--45% in 1 sub.
--50% in 1 sub.
--75% in 3 subsidiaries.
To imply that SIAF has 100% operation control over the affairs of companies in which it has a less than 50% ownership (11 of them) is against normal business practices.
SIAF does NOT perform accounting for its subsidiaries. To say that would imply that it's also engaged in accounting, considering its many subsidiaries.
What you've posted is a letter from SIAF's independent auditor confirming that it has independently audited the financials of SIAF and its subsidiaries.
If independent audits are to be trusted every single time, then we wouldn't have Enron, WorldCom, HP-Autonomy; housing bust, banking collapse, and all the recent Chiscams because those companies involved all had independent auditors. Some of those auditors were the top accounting firms.
All I'm saying is that although SIAF has explosive potential, I wouldn't blindly go all-in.
Yes, I'll take a series of good news any day. On the other hand, staying above the Golden Cross while a series of news hits is golden. This will attract a swarm of day traders and we need them to hold our Fuse bags.
No one is doubting that you're a highly intelligent, stable individual. The rest of us are ignorant mere mortals. So, I need your help with this matter. Please. You know for a FACT that SIAF does the accounting for all its joint venture partners and has their financials audited by an independent firm?
I'm ignorant. So, can you please provide proof that:
1. SIAF does the accounting for all its partners.
2. Those financials have been audited by an independent firm.
If you can provide proof, I will stop my DD and go all-in.
Thank-you.
You're a real character with your one-liners, RealDutch. I can provide you with about 4 line items from the company's own SEC filings that would raise serious doubts about SIAF's revenue. But then you'll just make a mockery out of the process with your one liners. Or maybe you won't make a mockery out of it and call for Solomon's resignation or threaten to sue him or start a nefarious campaign against him. I suppose it would depend if you're up or down on SIAF on that particular day.
I know that some of us here are heavily invested in SIAF but sometimes we need to get our proverbial head out of the sand. If thousands of retail investors, billionaires, mutual funds, and a Fortune 500 company have been duped by Chiscams, then it's healthy to show cause for concern.
Is SIAF a Chiscam? Definitely not. Could it be padding some revenue? Possibly. If it's not padding its revenue, could its many joint venture partners be doing it? Possibly.
Even if SIAF is 100% compliant with standard accounting practices, its many joint venture partners may not be and SIAF relies on their numbers to report a large part of its revenue. The joint ventures and ownership structure are convoluted and leaves a lot of room for accounting improprieties to the many parties involved.
I took accounting for two years as part of my business course. So when I run across a line item that confuses me, I immediate think "irregularity."
The board has already gone through this in detail. Please read posts from the last few days.
Yes, it is an ETF.
" why is DROP the only stock listed if it's a 'mutual fund'. "
Fuse was the most recently added and we were notified of the fact.
Fuse is a small cap company. Small cap companies can be added to small cap funds.
My last post on this subject. I'd be more worried if the pps can stay above $.195 until news hits.
"ProShares UltraShort SmallCap600"
SMALLCAP.
RealDutch,
I would love to discuss SIAF with you but I don't know what good will come of it. One day I visit the board and you're disparaging the CEO, calling him immature names, threatening legal action and absurd campaigns against the man. The next time I visit the board and you're painting a pie-in-the-sky scenario.
I'll stick to my interpretation of the SEC filings and we'll have to agree to disagree.
You want me to elaborate on my poker analogy.
At the finals table, you have prokopton on one side, up 67% on Fuse to date. He's holding his Fuse cards.
On the other side, you have ProShares Ultra Short 600. It's betting against Fuse. Click on the link below and scroll down. ProShares' short-term record is a disaster; it's medium-term record is also a disaster; it's long-term record (5 years) is also a disaster.
Now, is your money with prokopton or ProShares Ultra Short 600?
http://ca.finance.yahoo.com/q/pm?s=SDD
It doesn't mean I'll win but there's solace in knowing my opponent's disastrous record.
Slyestjester,
I'm long SIAF but before I add more shares or go all-in, I need more DD.
No one in their right mind would confuse Microsoft as a chip builder. It's a software company. It would have probably been apt to use Apple in the example.
The majority of SIAF's revenue to date has been from "construction and consulting services." Bechtel and other large engineering/architectural firms makes billions from construction and consulting services. So, there's a lot of money to be made in that sector.
The problem I see with SIAF is that it's paying/loaning companies IN WHICH IT HAS AN OWNERSHIP INTEREST in, then having these exact same companies (in which it partly owns or is in JV with) pay it back in "services" fees. This is clearly shuffling company around among subsidiaries to pad revenue.
The future of SIAF does look promising, though.
This is my last post on the subject, so go ahead and have the last word.
SIAF loaning/paying money to other companies in which SIAF has ownership in, then having those same companies pay SIAF back as "services" doesn't sit well with me.
Enron was shuffling around money among its subsidiaries to pad its balance sheet for awhile until people caught on. In no way is SIAF an Enron but shuffling money around among JV partners/subsidiaries is a common accounting method to pad revenue.
All I'm saying is "to be safe" in light of all the recent Chiscams, that's how I would evaluate the company.
That could be one reason. The normal course for an OTC would be to:
--obtain cash on the open market.
--build the facilities.
--show massive loss from capital expenditure.
--sell products and book as revenue.
It appears to me that SIAF has taken a roundabout way, if not a short-cut, to its large revenue growth through its shuffling of money around among its JV partners and convoluted ownership structure of other entities.
Personally, I would gauge the company's revenue based only on tangible goods sold (prawn, fish, cattle, restaurant food, fertilizer, etc.). I would exclude any intangible sources of revenue (construction and consulting services) from the financials.
To me, this will provide a much clearer and cleaner picture of SIAF's true value now and going forward.
My OPINION on SIAF is that it's a legitimate company with some accounting shenanigans to pad its revenue.
The idea of obtaining cash on the open market, paying/loaning JV partners to build facilities, then booking revenue from those partners as "construction and consulting services" sounds similar to what some Chiscams have done. It's shuffling money around to pad the revenue of all parties involved. In SIAF's case, until revenues from real products are realized.
At first glance, SIAF appears to be a company that builds facilities to raise animals and produce agri products. But the ownership structure of SIAF is a bit convoluted and leaves a lot of room for accounting interpretations or irregularities.
To be safe, I would remove all revenue items related to "construction and consulting services" from the financials and re-evaluate the company's intrinsic value from there.
Looks like SHP could be dead money for awhile. These environmental reviews could take months, or worse years if appeals are involved.
------------------------
Shoal Point Energy (SPE) submitted to the C-NLOPB on January 8, 2013 an Amendment to the 2007 Environmental Assessment of the Port au Port Bay Exploration Drilling Program and 2007
Port au Port Bay Exploration Drilling Program Environmental Assessment Addendum for the onshore-to-offshore exploratory/delineation drilling program at Shoal Point on the Port au Port Peninsula. The purpose of the amendment is to describe and assess near-wellbore stimulation activities (hydraulic fracturing) and to extend the temporal scope of the original assessment.
This report was forwarded to government departments and agencies for their information and comment on January 10, 2013 requesting response by February 11, 2013. Since then, the Newfoundland and Labrador Department of Environment and Conservation (NLDEC) has notified SPE that upon review of SPE’s proposed activities, it has determined that the project requires environmental review pursuant to the Environmental Protection Act, SNL 2002, cE- 14.2, and that it should be registered under that Act.
We believe that comments from some departments and agencies may not be available until the NL process has advanced further, and therefore are extending the comment period on the Amendment until further notice.
http://www.cnlopb.nl.ca/pdfs/spedrillrev.pdf
Does anyone know what the revenue for the past four quarters is WITHOUT all items related to "construction and consulting services"?
Just revenue from sales of tangible products.
Thanks.
The fully diluted shares are
11.6 + 5.1 + 2.8 = 19.5 million. $5.8 market cap at @0.30 pps.
11.6m (from the Incentive Plan) should be fully recognized since it's rare any employee would turn down stock grants.
The authorized shares increased from 12.5 to 100 million. This looks like room for a lot of dilution in the future.
IMO, still a good buy at $5.8 market cap. considering revenue growth.
There is upcoming dilution and possibly massive dilution not yet reflected on most financial sites.
------------------------------------------
(a) On February 6, 2013, the board of directors and holders of a majority of the outstanding shares of common stock of IZEA, Inc. approved an increase in the number of authorized shares of common stock of IZEA from 12,500,000 shares to 100,000,000 shares (the “Share Increase”). IZEA amended its Articles of Incorporation (the “Amendment”)...
http://www.sec.gov/Archives/edgar/data/1495231/000149523113000005/a8k20130211.htm
(e) On February 6, 2013, the board of directors and holders of a majority of the outstanding shares of common stock of IZEA, Inc. approved an increase in the number of shares of common stock reserved for issuance under its 2011 Equity Incentive Plan by 11,000,000 shares to a new total of 11,613,715 shares. Other than the increase in the number of shares reserved for issuance thereunder...
Orlando, Fla. (February 12, 2013) - IZEA, Inc. (IZEA: OTCQB), the pioneer of Social Media Sponsorship, satisfied all of its obligations related to its $550,000 February 2012 promissory note on February 4, 2013. From October 2012 through February 2013, the note holders or their assignees converted the note into approximately 2.8 million shares of IZEA's common stock at an average conversion price of $0.19 per share.
http://www.sec.gov/Archives/edgar/data/1495231/000149523113000005/pressrelease20130212.htm
You're right. It doesn't mitigate anything. But I do find solace being seated at finals poker table with someone who's a had 5 year losing streak.
"Info, you are aware that apparently Fuse is being added to an ULTRA SHORT FUND. How is that a step up from anything? It's kind of the ultimate slap in the face!"
Shore, my friend, where do I even begin with this one? This is my last post on the subject. You seem to be apprehensive about good news.
This is the fund's record. Keep in mind that it's an INVERSE fund.
Year to Date Return (Mkt): -10.81%
1-Year Total Return (Mkt): -32.02%
3-Year Total Return (Mkt): -40.94%
This tells us that on average when a stock is added to the index, we can expect the stock to INCREASE:
10.81% in the short-term
32.02% in one year
40.94% in 3 years.
It's not to say it won't be right with FUSE. But this is the type of ETF that would have gone long GM at $5 before bankruptcy and short LinkedIn at $50 and short Amazon at $100.
Have a good weekend.
Shore, I consider this a non-issue. If it was an issue, it would be on the positive side. Please look at the fund's track record again. The way to make money is to bet against it. It's hard to argue with its 5 year disastrous track record.
This is NOT news. It's an "alert" or notice that the fund is required to divulge based on company name (Fuse Science) and trading symbol (DROP)--these are alert triggers. There is absolutely NO billionaire hedge fund manager taking a short interest in Fuse. It's an ETF (electronic). Think of a database crawler or sophisticated stock screener or programmed algorithm.
The "ProShares UltraShort SmallCap600" consists of 600 stocks and some are dropped or added daily to the ETF when criteria are met.
Again, it's not news but an alert or notice. Right now, I would be more concerned if the pps can stay above $.195 until news hits. I think there is some pent-up news waiting to be released.
---------------------------------------------------------
ProShares UltraShort SmallCap600
The Fund is different from most exchange-traded funds in that it seeks inverse leveraged returns relative to the Index and only on a daily basis. The Fund also is riskier than similarly benchmarked exchange-traded funds that do not use leverage. Accordingly, the Fund may not be suitable for all investors and should be used only by knowledgeable investors who understand the potential consequences of seeking daily inverse leveraged investment results. Shareholders should actively monitor their investments.
Investment Objective
The Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
http://ca.finance.yahoo.com/q/pm?s=SDD
http://ih.advfn.com/p.php?pid=nmona&article=56330005
Everything's in good hands. The segment was obviously scripted and even then Brad seemed nervous.
UFC = Ultimate Fight Club (interviewer), Ultimate Fighting Challenge (Brad). LOL.
Let's keep our eyes open for future trading opportunities.
For Learning_Curve, you should have gone all-in here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83944184
Have a nice weekend everyone.
Everything's in good hands, people. Awhile ago the company hired a seasoned distribution expert Izzy Leizerowitz; now we've teamed up with a marketing guru Daymond John. Combined that with all our athlete endorsers and we have:
--advertising
--marketing
--distribution
--inventory ($400K at cost to company, unless they're using funky accounting)
All the pieces are in place. In addition, the stock's remained above the Golden Cross on big volume. All we need is a series of news to ignite this fuse.
Basically, the software came across DROP and assessed, "This stock has a market cap of over $30 million and barely any revenue. It has exceeded its fundamentals and that of the S&P by -2x (inverse). Add DROP to fund."
But software fails to take into consideration that people trade on emotion (psychology), potential, and stocks tend to move ahead of news.
It's not to say that it won't be right this time.
"ProShares UltraShort SmallCap600" is an ETF (Exchange Traded Fund) Trading-Inverse Equity (short position). Most of the stocks in the fund are picked according to fixed criteria.
This particular ETF has a very poor record.
Year to Date Return (Mkt): -10.81%
1-Year Total Return (Mkt): -32.02%
3-Year Total Return (Mkt): -40.94%
According to the record above, when the fund takes a short position in a stock, the stock on average goes up. The fund's record to date is a disaster.
Stocks added to the funds are based on the criteria below.
"The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors criteria such as liquidity, price, market capitalization, financial viability and public float. It is non-diversified."
http://ca.finance.yahoo.com/q/pm?s=SDD
Yes and yes. Thank-you.
Those are signs that I should be off the boards for a few days.
Have fun.
I replied to my own message. Been reading too much. Brain needs rest...