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Might actually hit $12 today, if not today next week -- KABOOM!
Check out the volume - impressive! And it's Friday before a 3-day weekend, and the DOW is down 100 points... I'd say the move is on.
lol, now it's growing more distant... in the rear view mirror, that is.
Looking very strong today. I wonder which will come first - earnings or news of an acquisition. Thoughts? I have this feeling they may already have lined up a deal.
2010 estimated net income is $83.5M (almost doubling expected 2009 net income of $42M).
Depending on what they do with the $100+ million they now have in the bank, this could end up being even higher.
Finished adding to my position, timing could have been better...! Didn't see this coming at all.
I'm not thrilled with the terms, but am thrilled that they will grow at an even faster pace, organically and through acquisition. Expect major, accretive acquisition in the near future, any news along these lines will more than make up for today's drop.
This is a $30-40 stock in a year, IMO.
systrader, I'm the opposite of you, I've bought 50k over the last week and will be adding the last 10k over the next 2 weeks. I may have loaded up early, time will tell... I'll buy my last 10k the day it makes a move, up or down.
I believe the float will be ~8 or 9 million shares after Jan. 29, and there have been nearly 3 million shares traded since the warrant conversion began in earnest, those shares are likely in strong hands for at least a 20% gain. Many seem to feel this will move much higher though.
The company believes it will double earnings in 2010, and given the fundamentals of their business and the growth of the consumer in China, that's not a stretch, IMO. Their peers (VISN) are not growing anything like that and have P/E's of ~20, double the current market valuation of CCME. So if CCME happens to double its earnings AND the PE adjusts by a factor of two... bang, we've got a $40 stock. So I think an initial target of $20-25 is not only reasonable but could happen fairly quickly... we'll see soon enough!
This is an article about the level of NEW industrial development in China over the next decade.... I hadn't realized how incredibly deep this market is, when you consider that existing factories also require modernization (or risk getting shutdown).
http://news.xinhuanet.com/english/2008-09/16/content_10027149.htm
"We will encounter another decade of a tight energy supply-demand balance," Chen said.
"Total energy consumption will continue to rise at a faster pace in China because more provinces will accelerate their industrialization," Chen said.
Compared with international standards, out of China's 31 provinces, municipalities and autonomous regions, 24 have yet to become fully industrialized.
In China's energy consumption mix, industrial development accounts for 70 percent.
That's a pretty incredible ROI for Two Lions. The payback on the initial CER equipment was in 2 years, now the factory has $2.5 million / year in carbon credits + the considerable energy savings (which increase in value as the price of energy goes up).
This suggests that CER will continue to do good business even if China's growth slows down. CER equipment rather quickly becomes a money-saver, possibly a money-generator. I'll do some research on carbon credits, I wonder how easy/difficult is to qualify for them.
They are expanding internationally, but there is so much work to be done in China it's ridiculous. Research the coal/energy shortage in China, they can't keep up with demand and are rationing energy. Industry has to modernize or be shut down.
Greetings, thanks for setting up the board. I've been watching CGYV for a long time, happy to share info and research.
These key words are embedded in the new web site:
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oil, drilling, oil drilling, microcap, micro cap, oil investment, oil company, shallow drilling, cost effective, growth oriented, us oil stock, small cap, smallcap, investing, investment, black gold, oil stock trading
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Think they might be trying to sell stock more than oil, lol?
amazingkarma - respectfully disagree. It seems that you feel they should remain a slow-growth franchise company. And I'm not sure I would characterize the new financing as 'handing over equity'... bit biased language, don't you think? IMO the terms of the financing have protected individual shareholders well enough while furthering the goals of the company as a whole. By the time any of these new shares hit the market, they will have more franchises, more company stores, more revenue, etc. In other words, if they are successful then equity will grow as the company grows. Again IMO, they have a product that will succeed.
I also don't see how the stock is capped at 1.60. Can't imagine anyone would convert warrants just to break even. They will only see that infusion of cash if the stock rises in price over ~50%, probably more. That's fine with me. Especially if my shares are at 1.10.
What are your concerns re growth? They are a very young company with a fantastic product. I would understand if they were still developing the menu, or didn't have solid feedback from existing outlets. In that case, growing too fast might just be compounding a problem. But given that the product is primed and ready to sell to the public, why shouldn't we expect management to get on with it? Not a time to hesitate, IMO.
I haven't eaten there. But google 'spicy pickle sandwich', lots of local reviews, very positive vibe. The food seems to be a strong point.
Thoughts on the opening, anyone? Super-high volume, but the spike over a dollar didn't happen.
You may be right, bamboojoe. The recent attempt to drive up the stock price is still bugging me, so I may be too pessimistic about this. I don't see anything in the PR explaining how they will finance or identifying a partner, though.
It concerns me when a biotech moves the goal posts. Hopefully you are right, and that isn't happening here.
This is a red flag. They haven't been successful yet with plan A, and here is plan B. This may be a precursor to a new round of financing. JMHO.
Thanks for the compliment. I prefer to hear all viewpoints, and I'm suspicious of heavy-handed information control. If someone arbitrarily deletes your posts, I'll stand by you as well.
Kag's doing a principled job as moderator - agreed?
Far as I can tell, most of the posts on this board are mindless bickering and attacks by the true believers. Other than those, there are still lots of questions about BOCX. Some people seem to have the energy and interest to ask them. Isn't that what a stock board is for?
Well, good luck with the mission of the 'true believers'. I hope it all turns out well for you. I'll continue to look at the company from all sides.
Sorry, I found your post to be hilarious. It follows the usual pattern of suggesting there is a conspiracy of paid bashers. I expect that your next response will be to attempt to ban me, or have my posts deleted.
Speaking for myself, I am interested in BOCX as a potential investment. I've owned shares in the past, and sold them because I lost confidence in the management. I'm still interested though because things aren't always what they seem -- that includes optimistic and pessimistic viewpoints. And if they really do come up with a commercially viable cancer test, that's fantastic from an investment and human perspective. So I keep an eye on it. I imagine there are lots of others like myself, that are eyeing BOCX but have reservations.
I thought that you were going to create another board for people who just want to 'feel good' about BOCX. What happened?
That's pretty funny. Question for you: Why the hysteria when someone questions BOCX? Is it impossible to defend the company without resorting to these kinds of posts?
I disagree. You may not like or agree with Goldseeker's perspective on BOCX, but his opinions are perfectly rational. You should try debating the points if you are so worried about what is being said about your stock.
This company has issues. A potential investor should ask plenty of questions before buying this stock.
Go to message #7024 by dakota. Click on the link and open the the research report by Tri-State capital (here's the link again:
http://www.otclive.com/BOCX_Initiation_Report[TSC].pdf ).
Scroll to page 15, the very last page. The disclaimer is right there.
"Tri-State Capital received $7,000 in compensation for work on the subject company from a third party, Onyx Consulting. BioCurex compensated Onyx Consulting for providing investor relations services $75,000 in cash together with 225,000 common shares with piggy-back registration rights and 150,000 warrants at $0.85 cents."
This is the exact same amount of money and shares that BOCX acknowledges paying for a consultant. The consultant is Onyx. Call or email the company and ask them. It's public information. BioCurex has paid Onyx in cash and shares to mount a PR campaign. Onyx is using various outlets to get the job done.
I'm not defending anything here except the simple truth. Go back and reread the last 20 posts on this board. This information has been posted and it's simply true. What is the agenda? Why cast doubt on statements that are undeniably true?
This is a bizarre bunch of posts. Up is down, left is right! Some of you will disagree with anything Goldseeker says, NO MATTER WHAT HE SAYS.
There's nothing to argue about. Biocurex paid Onyx, Onyx paid Lebed, etc. It's right there in black and white, multiple sources. The proof has been posted. The companies that are involved are including a disclaimer in everything they write - IT'S NOT A SECRET. So what's to prove?
Thanks all for the replies.
Is it known how much the Abbott minimum royalty will be ($2 mil)?
OT: Erthang, question for you. How many gay men have you met in your life?
Rawnoc is a known basher, banned on other boards. $3 mil exceeded expectations.
BOCX has such amazing potential with RECAF, I hope management has what it takes to not screw it up. If they fired Lebed, that's a big positive IMO.
Lebed made at least one questionable statement and was pushing the line on others. My guess (and hope) is that BOCX told Onyx to shut him up.
The top management files to sell shares and then pumps the stock with a massive PR blitz. Millions of shares get sold into the PR. Some of the PR is misleading (at best). This is manipulation, pure and simple.
You can choose to speculate or not about why this is happening, but even the 'half-full' optimists must admit this is not a great move for this company. Pretty disappointing... they are acting like they have something to hide, I don't think it's surprising that people would come to that conclusion.
"growth ... at a similar pace" let's see:
-- 2Q 2006 is 460% over 2Q 2005
-- 2Q 2006 nearly doubled 1Q 2006
3Q 2006 --- reports first week of November.
article quotes CEO on price movement:
Here is an afternoon update that warrants your immediate attention. CPNE shares have dipped more than 20% in today’s trading, dropping down into the dollar range on volume approaching 1.2 million. We have been on the ball today; speaking with brokers, dealers, investors, and company management to dig down and get some solid feedback to support today’s decrease. Unfortunately we have uncovered nothing at this point that warrants a solid explanation.
We contacted the company this morning that had this to say "We know of no fundamental reason for the recent decline Commerce Planet's share price. Noted CEO Michael Hill. "The company’s growth pattern continues at a similar pace, with the subsidiaries also performing fantastically. 2006 growth goals for CPNE have all been hit ahead of schedule and with company fundamentals at their strongest and can support a higher valuation. I truly believe this company is undervalued."
http://www.outcasttrader.com/blog/
Well, we went 9 whole days without excellent news! What do you expect! LOL
Seriously, there are no negatives out there that I can find. Today the company said it "expects growth quarter over quarter" in the upcoming quarterly results, a mere 2 weeks from now. Nice of them to let us know that more good news is coming.
I picked up more shares at $1.05.
Great news! The best part of the release is the bit about "direct conversations between the NASD and current and prospective future licensees". licensee confidence == investor confidence.
I agree with bocxman, hope they will continue to pursue a real exchange. Bocxman - any idea what the requirements are for AMEX listing (minimum share price, etc.)?
For some reason, slipped into this news release is the patent rejection in Europe... sounds like the rejection is due to the format of the application and nothing substantive, but we should keep an eye on this.
Well, good luck selling your shares if Abbott announces they are pulling the plug...
Of course there is no guarantee on this or any investment. This is a pink-sheet biotech for crying out loud. I think you're missing the point... which is, what is the best information we have as to the likely outcome at this point in time. Is it the company's press releases? The relative financial commitment made by Abbott (as an indicator of their risk/reward analysis)? The interest, or lack thereof, of other potential partners that have seen the technology?
Don't feel you need to answer, you and I have different approaches and therefore have different concerns. I absolutely do not want to be holding shares should any of your three 'sell' criteria come to pass... esp. if Abbott walks away.
Thank you. I don't think I'm out of my f'cking mind, but it's definitely a possibility.
Abbott isn't fully convinced, though. You think the colorimetric test may be the biggest question mark for them?
You're right, of course, I'm not much of a poster on this board. But your attempt to suppress and distort others' comments is really annoying. The issues raised by Goldseeker are spot on and deserve to be discussed openly.
Here's my viewpoint, feel free to attack at will. I'm invested, by the way, but I'm beginning to feel that I was duped by the company's PR.
-- Biocurex is a tiny, almost nonexistent company making an extraordinary claim about its technology. If everything they claim is true, this is a great find and patient investors will be greatly rewarded.
-- There is a huge disconnect between what the company claims and its apparent lack of success convincing the scientific and investment worlds.
-- Abbott must see some potential, but long after obtaining the technology and beginning work on it Abbott still has not committed to the technology, and no other pharmas have either.
So, I'd like to understand what are the problems Abbott is facing that have held them back. What do you think that Abbott is waiting for...?