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Putting this one back on the entry radar.
DD put it well.
A slow conservative reduction just keeps it on a even keel for all invested. Allows weak hand shorts to exit as well. As they are the lotto crew flipping for a quick buck. Company stays on a steady course, longs(the core)stay happy.
GEE I'm guessing somewhere between a forward write off and 0. You being so much more in tune...
you'll figure it out
gee, why don't you tell us what the government's cut is when your are losing massive amounts for every dollar of advertising and promotion?
you'll figure it out
Dude really? And the govt. cut is? geesh. Start a business you'll figure it out. :)
Welcome, RBAY! I keep my investments well spread. I don't have a huge stake here, but don't care much for the bs and like to see companies flourish after a beat down. Awesome motivating drive and wake up call. Been there done that.
KRED is an awesome drink! I have not found anything comparable yet and I have tried a lot.
Did I mention every dollar you can spend on your own company and not hand over to govt. for misappropriation is money well spent.
Can't build it if you don't brag about it.
It's called all in. Did it myself for the first 2 years. Did ok, now doing good. : )
Something bean counters don't understand.
At a glance looks like you took two polars out of context.
But whatever, keeping my KRED. : )
KRED is growing with a good product. That's how a good product grows, word of mouth.
Before the internet it was telephone, newspapers, and word of mouth.
Before that it was telegraphs, newspapers, and word of mouth.
Back before the telegraph it was smoke signals and word of mouth.
Before that probably just grunts, moans, and groans. Not much recorded history there. Just hand paintings. Oops, back on track.
So KRED having customers that share a good product with their friends is a bad thing?
I know a good mechanic down the street does awesome work. Should I not promote him to others to be successful and stay in business?
Did I miss where those expenses dropped or dropped off?
SPWR sure has been struggling as of late. : /
Your failing to help an uneducated guy like me to understand how increased revenues are bad. Seems most companies are ok with those losses in the first couple of years or so as long their revenues are increasing. Seems to me you would decrease the advertising budget if notoriety was failing. Most businesses just make the adjustment to a different area vendor or the like.
I had an eye on it too.
Seems like a good idea while it's affordable, but I'm probably not as smart as you fellers that can spot them there pnds from a mile away or so or something.
Cheers!
Guess marketing and promotions are a bad investment? Really? Anytime I can spend money to improve notoriety and keep it from the entitlement govt. is a good day, money well spent!
any gains in revenues by KRED are due to higher levels of marketing and promotional expenses - all leading to higher net losses.
heart rate monitor.
They had like 20'-30' snow drifts to dig out from under... what?!... I being told more like 40' - 50'. Second Ice Age coming.
Gotta go chop wood...
I need to work harder on my company to show those increases over last years. uugh.
Just as I don't give kudos to anyone for good gains (other than the company involved) for good gains, I don't feel the need to call out anyone for losses or their losses and comments.
Everyone has their own opinion.
Everyone in life has to live with their own decisions.
You are where you are in life because of the decisions you make, good and bad.
You and that damn crystal ball... haha.
EPGL still cutting their path of diversity.
So how did it compare to the same period last year? Umm... hence huge gain....
Most all beverage companies drop in the winter months. Except alkyhal some what.
EPGL - chug chug chugging along!
I'll go with KRED still seems to be chugging along good!
Revenue Summary:
-- Consumer products revenues (which exclude ingredient sales and include
delivery fees) increased 763% to $228,395 for the fourth quarter ended
December 31, 2014 compared to $26,454 for the same period in 2013.
-- Total revenues (covering all revenue streams, including phased out
ingredient sales) increased 470% to $236,867 for the fourth quarter ended
December 31, 2014 compared to $41,566 for the same period in 2013.
-- Consumer product revenues for full year 2014 exceeded $1.42 million, a
130% increase from $620,639 for full year 2013.
-- Total revenues for full year 2014 exceeded $1.49 million, a 57% increase
from $954,799 for full year 2013.
Dropping some good news off here.
Press Release: KonaRed Announces Strong Growth in Sales During Fourth Quarter 2014Tuesday 01/27/2015 07:00 AM ET - Dow Jones News
KonaRed Announces Strong Growth in Sales During Fourth Quarter 2014 Comparative Fourth Quarter Consumer Product Sales Increased 763% PR Newswire KOLOA, Hawaii, Jan. 27, 2015
KonaRed Announces Strong Growth in Sales During Fourth Quarter 2014Tuesday 01/27/2015 07:00 AM ET - PR Newswire via Dow Jones News
Comparative Fourth Quarter Consumer Product Sales Increased 763% KOLOA, Hawaii, Jan. 27, 2015 /PRNewswire/ -- KonaRed Corporation (OTCQB:KRED), manufacturers of Antioxidant Juices and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry(R), coffee fruit from Kona, Hawaii, today announced that consumer product sales for the fourth quarter of 2014 will exceed $228,000, signifying a 763% increase over the fourth quarter 2013.
KonaRed Products to Demo At 225 Kroger and Kroger Banner StoresMonday 01/26/2015 07:00 AM ET - PR Newswire via Dow Jones News
KonaRed Increases its Visibility Nationwide at Kroger, King Soopers, Ralph's And Fred Meyer Stores KOLOA, Hawaii, Jan. 26, 2015 /PRNewswire/ -- KonaRed Corporation (OTCQB:KRED), manufacturers of Antioxidant Juices and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry(R), coffee fruit from Kona, Hawaii, announced today an expansion of its in-store customer demonstration and free samples program ('demos'). KonaRed will be demoing all three of its beverage flavors including Hawaiian Superfruit Antioxidant Juice Original, Hawaiian Superfruit Antioxidant Juice with Coconut Water, and Hawaiian Superfruit Antioxidant Juice with Organic Green Tea at 225 Kroger and Kroger Banner stores across the nation. The demos will take place from Friday, February 6th to Tuesday the 10(th) 2015 at Kroger, King Soopers, Ralph's and Fred Meyer.
Good to see a bit of traction here!
It's hard to keep a good product down.
I'm sure the big dogs on the block would love to keep it down. None of them have a good healthy product out that I know of.
Big Dog,"Here buy some of our cheap nasty tasting sugary stuff, you'll get addic..., uh I meant, use to the taste".
I've added some KRED while it's on sale!
As long as they keep the product good and rolling out it should keep inching up.
That accompanied with bid dumpers learning to hold and sell at a descent price.
It appears as if the Sandwich Isle crew has been happy with selling out on the bid dragging down. Wonder what there shares were at before KRED?
Doesn't take much at these prices for a seller at bid to bring it down. Need more buyers at ask for pressure.
KonaRed Accelerates Distribution and Product Visibility in Whole Foods Stores via UNFIThursday 01/08/2015 07:00 AM ET - PR Newswire via Dow Jones News
Company Receives Order from UNFI for its On-the-Go Powder Packs And Powder Tubs for Select Whole Foods Markets KOLOA, Hawaii, Jan. 8, 2015 /PRNewswire/ -- KonaRed Corporation (OTCQB:KRED), manufacturers of Antioxidant Juices and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry(R), coffee fruit from Kona, Hawaii, announced today Whole Foods Market has brought in KonaRed's On-the-Go Powder Packs And Powder Tubs. These new deliveries of On-the-Go Powder Packs and Powder Tubs flow through key distributor, United Natural Foods Inc. ('UNFI') and are the first going out to a group of 12 Whole Foods Stores. The 12 Whole Foods Markets are located in multiple states including California with stores in Venice, El Segundo, West Hollywood and San Luis Obispo. Shoppers can also find KonaRed products at Whole Foods in Arizona, with stores in Camelback, Scottsdale, Tempe, and in Nevada at Tenaya in Las Vegas and at a Las Vegas Blvd store. In Hawaii , KonaRed is available in Whole Foods Markets in Kailua, Kahala and the Maui Mall.
Stopped in to drop a tidbit.
Looks like the bid dumpers are still doing a better job than the ask buyers. : /
Settling in to a bottom....
Hope this 8-k helps. Good to see SUTR trying to rebound from the beat down.
8-K 1 v395271_8k.htm 8-K CURRENT REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 20, 2014
SUTOR TECHNOLOGY GROUP LIMITED
(Exact name of registrant as specified in its charter)
Nevada 001-33959 87-0578370
(State of Incorporation) (Commission File No.) (IRS Employer ID No.)
No. 8, Huaye Road
Dongbang Industrial Park
Changshu, China 215534
(Address of Principal Executive Offices)
(86) 512-52680988
Registrant’s Telephone Number, Including Area Code:
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On November 20, 2014, Sutor Technology Group Limited (the “Company”) received notice from the Listing Qualifications Department of The NASDAQ Stock Market indicating that the Company does not comply with Nasdaq Listing Rule 5250(c)(1) because the Company has not yet filed its Form 10-Q for the period ended September 30, 2014 (the “Form 10-Q”), and because, as previously announced, the Company has not filed its Form 10-K for the fiscal year ended June 30, 2014 (the “Form 10-K”).
Pursuant to the notice, the Company has until December 15, 2014 to submit a plan to regain compliance with respect to these delinquent reports. If Nasdaq accepts the Company’s plan to regain compliance, it may grant an exception of up to 180 calendar days from the due date of the Company’s Form 10-K, or April 13, 2015.
The Company issued a press release on November 25, 2014, disclosing receipt of the notice letter. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
99.1 Press release dated November 25, 2014.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Sutor Technology Group Limited
Date: November 25, 2014
/s/ Lifang Chen
Chief Executive Officer
EXHIBIT INDEX
Exhibit Description
99.1 Press release dated November 25, 2014.
Exhibit 99.1
Sutor Technology Group Limited Receives NASDAQ Non-Compliance Letter Due To Delay In Filing Quarterly Report on Form 10-Q
CHANGSHU, China, Nov. 25, 2014 /PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (SUTR), one of the leading providers of fine finished steel products and services used by steel fabricators and other applications in a variety of industries, today announced that it received a letter from the Listing Qualifications Department of The NASDAQ Stock Market, on November 20, 2014 (the "Letter"), informing the Company that it does not comply with the Nasdaq continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of periodic reports because the Company has not yet filed its Form 10-Q for the period ended September 30, 2014 (the "Form 10-Q"), and because the Company remains delinquent in filing its Form 10-K for the period June 30, 2014 (the "Form 10-K").
The Company has until December 15, 2014, to submit a plan to regain compliance with respect to the above delinquent reports. The Nasdaq Listing Rules provide that the Staff can grant the Company an exception of up to 180 calendar days from the filing's due date, or until April 13, 2015 to regain compliance if Nasdaq accepts the Company's plan of compliance.
As previously reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission on November 14, 2014, the filing of the Company's Form 10-Q has been delayed as a result of the change of the Company's auditor.
About Sutor Technology Group Limited
Sutor is one of the leading providers of fine finished steel products and services for fine finished steel products used by a variety of downstream applications. The Company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products. To learn more about the Company, please visit http://www.sutorcn.com/en/index.php.
Forward-Looking Statements
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but not limited to, references to our plan to file both Form 10-K and Form 10-Q by the end of November 2014 and management's expectation to regain compliance of Nasdaq Listing Rules. These forward-looking statements are only predictions and are not guarantees of performance. These statements are based on beliefs and assumptions of management, which in turn are based on currently available information. These forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. These risks and uncertainties include, but not limited to, the factors mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended June 30, 2013, and other risks mentioned in our other reports filed with the Securities and Exchange Commission ("SEC"). Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. We do not undertake any responsibility to update any of these forward-looking statements to conform our prior statements to actual results or revised expectations, except as expressly required by law.
For more information, please contact:
Investor Relations
Sutor Technology Group Limited
Tel: +86-512-5268-0988
Email: investor_relations@sutorcn.com
This has really takin a beat down.
LOL true I'm a short an to the point type. Things come out different without extended writing.
And really hate typing. My brain is too fast for my fingers.
I can see where it may be misleading.
EPGL / PwC have agreed on a reduction, therefore to be it in my opining, that I would be speculating and forward speaking to insinuate the that the two may have finally agreed to doe so as they may have an option that would be unannounced to said shareholders of maybe the possibility of a straight share value swapage. : )
Having fun now. Man I hate typing.
*singing* Mele Kalikimaka... is the thing to say....
I put food for thought.
Everything here is opinion unless "quoted".
EPGL / PwC / Float get the value of whatever the agreement. Short answer.
Something to think about.
One of the many possibilities that has not been brought up.
That I know of.
Reduced shares gives valuable interest in success and it deals with the float in an effective manner... to be continued Jan. 30.
Don't miss the continuing episode of AS EPGL Turns!
KonaRed CEO Selected to Serve on Expert Panel at FoodNavigator-USA & BeverageDaily 'Beverage Innovation Summit'Tuesday 12/23/2014 07:00 AM ET - PR Newswire via Dow Jones News
Company CEO Shaun Roberts to be Featured on "Live! Entrepreneurs to Watch" KOLOA, Hawaii, Dec. 23, 2014 /PRNewswire/ -- KonaRed Corporation (OTCQB:KRED), manufacturers of Antioxidant Juices and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry(R), coffee fruit from Kona, Hawaii, announced today that its CEO Shaun Roberts has been chosen as a contributor for the FoodNavigator-USA & BeverageDaily Innovation Summit on Wednesday, February 4, 2015. Mr. Roberts will serve as an expert panelist on "Live! Entrepreneurs to Watch", which will be broadcast live beginning at 4PM (ET).
Thought I'd drop in and drop off another little tid bit.
Good Volume today...
Just a little food for thought as we head in to the slow zone.
EPGL / PwC have agreed to a reduction as an offer for an "all stock deal" on the table... to be continued January 30th.
Mele Kalikimaka!
Haven't they been doing that since the 70 - 80 ish?
And if you are investing now with bid dumpers in the 17 - 20's and it gets scooped up by a big player looking to diversify their product...? The possibilities become....?
Like I say, hope the product stays the same.
I enjoy being away from the joint pain from many a racing accidents. Just my .02. Been off the ligatend for some time now.
Would like for KRED to get back in R&D for correlation.
They redirected the money flow some time back.
Can't blame them, R&D in the health business... better have a big pocket book for those slow processors.