M&A business
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Some good comments, at least as far as I am concerned. I think, it would be good, if the board would go back to the positive side of this company and stop all this nonsense. This company is for real, has a strong growth and as far as I am concerned, will take some people by surprise.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=63199&mid=63199&tof=4&frt=2
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=63416&mid=63416&tof=1&frt=2
Well, I think this was meant with doing due dilligence. Finding answers to questions;
I am sure, it is not that complicated, but we will have the answer of that soon.
Let,s take this post from Yahoo, to go back to a normal discussion.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=61825&mid=61825&tof=1&frt=2
By the way, I know the person who wrote it and I can only say, if more of the board members would try to activate their brain, it would become more constructive.
I have contacted the company again, to clarify certain points. With reference to what Certification means, in my last post I forwarded the reply I got from them.
Now based on my discussion with them, they expect to deliver the final unit to CSA within the next 2 weeks and then from this date on, it could take another 45 days for the certification. So all in all, another 60 to 80 days before they will get the certification. I know, some people will now say, deja vue this kind of reply, however, I have no doubt not to believe them, as it sometimes takes time to get through with a new development.
On the production side, they believe, that they can start this month or latest in early March, so they expect to be delivering fuel cell stacks and systems in the next 90 days.
They are aware of the fact, that there is some frustration in the market, however, as with every new technology, surprises are mostly coming in, where it is not expected, and they faced such surprises as well, however, at present, the way it looks, these hurdles of setbacks should be behind.
Now, everybody is his own master and everybody can make out of this information what he wants. But before some bashers are going wild again, they should sit down and think about they way it works with companies in development stage. The planning sometimes is ahead of the execution, but at a certain point, the obstacles are overtaken and here you go. I for it, give them the benefit of the doubt, that this time, it should work in their favour.
Saw the new today, that Warren Buffet among others invests in Harley Davidson. Well, I have argued on this board before this news, see link
http://www.fool.com/investing/general/2009/02/04/warren-buffett-revs-up-harley.aspx
A Brand name remains a brand and Andretti and Binelli are Brand namens.
One day, people will realise, that despite recession fear, people will buy quality stuff and comes 2010 and 2011, PSPF will show nice figures due to sold products. Why not buy at discount levels a stock, which represent something we always have been looking for. An excellent Andretti product of high quality and standard, developed by a person who doesn,t have to be introduced anymore and an excellent product of high quality and standard, that already is in the market since the foundation of Benelli in 1911. What do you want more.
Just to be made it clear. I am not on this board to promote this companie or whatsoever, I am just interested to contribute to a board who is informing constructive. Opinions can and should diverge, but the facts as well should be recognised. Well here I go. As promised in one of my mails, I contacted the company with reference to the often posted question: What about the Certification?
The reply I got: Certification is a form of confirmation to the consuming public that the units are qualified for installation.The CSA-International "seal" tells electrical contractors and city inspectors, that the units are safe for installation in commercial and residential applications. Certification is not required to sell fuel cells, but it is desired for the type of market penetration that we contemplate.
I will go back to them again, because I have some other questions to ask, but let me say this; this company is real, they have an outstanding product and they have the orders. I would actually not be surprised at all, if the company in 2009 writes black figures, means positive earnings. Further, as has been mentioned on this board, the market for this kind of technology is huge and will become bigger and I would not be surprised at all, if at a certain point they will attract a strong partner for merger or whatsoever, but this is pure speculation from my part.
Thanks for the link, however, this I knew already. What I want to find out, if they need certifiction for their products to be sold, or if this is a formality which will be issued within a certain time period, then of course they could produce and sell, however, if you first need the certification, then this could be a reason for possible delay.
I will approach the company to get more clarification. As soon as I have their reply, I will respond to it.
Based on the recent 10K Sec Filing as of Sept. 8, 2008, there are no debts/liabilities. But more important is the following:
On August 12, 2008, the company paid Ohio University approx. $ 208.000 to bring current its liabilities on the license fees and the sponsored research payment. This per se is a good thing, as it shows, that the company is en current with the license fees and you are not doing this, if you are not a executing company. Maybe, something, some contributors to this board with a very negative opinion, should or could take this into consideration.
Gentlemen, please put some logic behind your thoughts. With 750 Mio shs. at $ 0.0002 we would have a Cap. of $ 150.000.--
Even a new shell would cost more. So before you throw figures around, ask yourself a simple question: Do you believe the company is for real, or do you believe they have nothing. If you believe the first part: Buy, if you opt for the latter, just don,t buy. As far as I am concerned, I am bullish, but on this part later.
http://stockcharts.com/h-sc/ui
Technically not a bad picture. Trading within the bollinger structure and close to break the 25 and 50 days moving average. In short, this stock is trying to put a bottom in and someday in the future, maybe we gonna lock back and ask ourselves, why didn,t we take the chance.
I am not recommending anything, I made a suggestion. Companies have various ways financial ways to survive for a while, but at the end, the return on equity must be in favour of the investor. If a company gets financed with toxic constructions, the best is you run away. With this company this is not the case, as far as I got out of the SEC Filings. The increase of outstanding shares doesn,t worry me, as long as it serves to finance the purpose or the outcome. The company has presently 600 Mio shs. outstanding. Let,s assume it would go up to 800 Mio at todays price you get a capitalisation of $ 1.040.000. Not something to write home about. Now let,s assume, their product finds the buyers market, what I personally believe, then we could assume, that the Capitalisation will not stay there for long. My assumption is, they will make it, and once the revenues become visible, then the margins will be understood and once the margins are understood, the market will attach an Ebita perception for 2010 and further out. What I intend to say: My risk is 100 % but the upside is unlimited, but then of course I have to admitt, it is a question if one believes that the company will make it or not and this is something, everybody will have to justify with himself, because it is his money he puts on stake.
Hey, it is a start. 3 % stake can grow. To repeat: The product is excellent, the management has proven itself to be on the top with ideas and over time, they will show excellent sale records and the market will like it. My calculation: the amount converted in stock and the amount, that will be forgiven, is pricing the 1 Mio shares at exactly $ 0.203
Let,s admitt, this stock is not pushed on the contrary. This stock is on the watch list and this is exactly what I loke. Lonelyness at the bottom of something, gives me a confortable feeling. First the news release of their financing structure through inventory participation, which by the way was taken positively up in the newspaper - a weaker company would have done it through equity financing, which would have had a dilution effect - but these boys found the right way. The $ 1 Mio is worth 10 times more once you are building in velocity. Oh, and before I do forget: Recession talk of course keeps a lot of buyers away, but then again, the cheapest you buy always when all the negatives are being build in.
If this chart presents a Scam, then please study the charts of all the financials during the recent meltown, or study starts of all the former billion $ companies, now being supported by the government. You should select your words carefully.
I am not here to defend the performance of the stock or the performance per se of the past, however, the company has a good product and future will show, that for their product they will have a sizeable demand, which of course will activate enough revenues for this company to get attention in the market. By the way, if you take time and study their SEC Filings, then you must admitt, that they did not everything wrong to survive the though times.
http://stockcharts.com/def/servlet/SC.pnf?chart=PSPF,PEAADANRBO[PA][D][F1!3!1.0!!2!20]&pref=G
Look at this Point and figure chart, takes out all the noises and with trendline.
Very smart decision indeed. Whereas other companies are placing stocks to get equity, with a dilutionary effect for the shareholders, this company decided to take the right road.I liked it so much, that I added more shares to my holdings. Further, it is not that easy to get equity nowadays for reasons I will not have to explain myself. That they were able to work out an agreement speaks for the quality of the management and the brand.
Finally somebody must have realised what bargain we have here on the table. Technically, based on the Point and Figure Chart the stock completed a famous bottom with a new target of $ 0.87. Of course, prices or not moving to the upside without fundamentals, however, somebody not seeing the future for this company with this kind of brand and overall for the scooter market, should immediately forget the whole consumer sector supporting the forthcoming of the human being. PSPF, I am convinced, will not only penetrade the US-Market, they will as well penetrate Europe, Asia and South-America. Before I forget: Warren Buffet got reach by buying what he understood and by buying brand names. A Scooter is easy to understand and Andretti is a brand, in short all pieces fit for this company to become a success story. IMHO
What I like about this stock, that it is slowly moving to the upside without much fanfare. I never fully understood why this stock has been trading at this very low levels, but then the market is always right and for those, seeing the opportunities when they are around, happy moments or as Warren Buffet said: Be greedy, when others are in panic. In a couple of months, we will look back and say, why didn,t I see it coming.
Technically spoken: When the stock fell below the 0.24 level there was only one way down or better said, liquidation from frustrated holders. Now let the stock get back above this 0.24 level so we could declare that a sound bottom had been made. IMHO
Had in mind to do so, but after todays news I try to digest what this could mean for the company. Does anybody know the company the are partnering. The only point if found: That they are of good standing and have good connections in foreign markets. If NavStar Technologies can penetrade these markets, certainly not bad for the stock and at this level the risk reward ratio looks rather favourable.
http://investsourceinc.com/company/Power-Sports-Factory-Inc/audio-report
Interview with the CEO Found it on their Webpage
Having read the pressrelease I am somehow puzzled why this stock is not responding to it; take into consideration the brand name of Andretti and you have to wonder why such a bargain is left on the table. Maybe it is the present market condition or the company neglected public relation to make it known to the outside, that their stock is listed. I would vote for the latter version.
From Industry sources it is known, that this company - and not only this company - needs to sell between 10.000 - 11.000 Units to be breakeven. As far as I am concerned, this should not be an obstacle About one thing I am sure, the stock won,t be for long down here, would give a cap. of $ 2,5 Mio for the whole company, what from an forward looking point of view is for certain a joke, if you see what kind of margin you have in this business. IMHO
Interstellar is Mendiratta that is for sure, or it is his wife, but at the end it is the same. Would be easy for the SEC to find out, if they would have to.
You are correct, but the outcome is not clear to me. What is clear to me is, that he owns his shares through Interstellar, has been posted her in the past, but I do not know from whom. Interstellar made the loans and he is sitting on a bunch of pref.shares and he will convert and convert and as he is not even collecting the interest, but increased the rate he will get even more shares, besides 50 % Royalties. Smart deal, however,not for the shareholders and as the market is aware of that, they stay away.
This is right, but the outcome is not known to me, however, through Interstellar he is sitting on a bunch of pref. and he will convert and convert. The only problem I do have, with so many shares Interstellar has, why nobody looks behind it.
Mendiratta sells through VERGT. I repeat it here again, whenever Mendiratta has the fingers in, it becomes destructive. Now get to other formulaa: Medniratta get,s approx 50 %, then the company has to pay royalties and has to pay expenses. What is left, not very much. With all the dilution going on, Qmnm could end up wity 2.5 Billion shs. Now make your own math.
Whatever the company may have in the ground, the problem are the people around the company, Gene is only a puppet, the guy fiddling around and destroying the price and reputation is Mendiratta. His name has already been mentioned many times on the board. Whatever he touches or is in, sooner or later is worthless. He is the biggest beneficiary out of the conversions. IMHO
I would agree, this looks really great. With a marging of 30 % to 35 the following assumption could be made:
10.000 Units net approx. $ 700.- x 10.000 = $ 7 Mio EBITA.
For this kind of sector and with this brandname, the market should give a growth-rate of 15 plus. This is a huge market and PSPF with no doubt will thake it,s share out of that.
What should-could be a fair value today: 7 Mio times 1o (P.E.) = $ 70 Mio Cap divided by 26 Mio shs. = $ 2.70. As we all know, markets a looking forward and once the businessplan is clear and on the table, it could be to late, to buy this stock at this level. IMHO