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NEGS silently making acquisitions, Watch for a PR/Filling.
I'm surprised BRND didn't see .0001 today. With a 500:1 Reverse split there really is no hope. The A/S increase to 10 Billion was just the icing on the, 2 week expired, cake. That just shows you what they intend to do after the R/S.
That was just a P&D... D. Rodman got shares and knew what to do with them. I doubt BRND did anything to build that brand. I also doubt Rodman needed help, he just saw it as a money making opportunity.
Any updates from the company blows this up. An 8-K or PR is likely seeing as they've just acquired a subsidiary. NEGS is flying under the radar right now.
ATPT 280 O/S could make a move.
Not much at .0007
ATPT .0001 280m O/S lotto
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8073896
I wonder how much of the .0004 volume is people selling after they bought today.
Meaty one.
Looks like EFLN is on track to make record revenue this year. It'll be $2 Million if they can pull another $1m through the next six months like they have so far. Hopefully we'll see that in the Q2 report.
COUV .0003 374m Float, Thin - Watching
The 2013 Annual Report does list two floats, you're right. I didn't think to look all the way down to the Exhibit B because I assumed they would be the same. So yes, There is no hard evidence of any buyback.
Are you aware that March 31, 2014 is 3 months after Dec 31, 2013?
So.
On March 31, 2014 there were 1.17B in the float.
Three months before that, on Dec 31, 2013, there were 1.2B in the float.
That means that the company must have bought back 24 million shares between Dec 31, 2013 and March 31, 2014.
The share structure in the link you've provided is outdated, by 3 months. The updated share structure can be found in the 2014 Q1 Quarterly report posted on OTCMarkets.com on May 19, 2014. The link to said report is hyperlinked twice in the post you replied to.
Float Reduction - Evidence of Buy-Back
Float on Dec 31, 2013 was 1,200,000,000.
Float on March 31, 2014 was 1,175,254,801.
Shares Repurchased by the company: 24,748,199
References -
The 2013 Annual Report contains the share structure as it was for the period ending Dec 31, 2013. Here
The 2014 Quarterly Report contains the share structure as it was for the period ending March 31, 2014. Here
Paid promoters have to legally be disclosed. Meaning you should have some tangible evidence of who the promoters are and how much they have been paid.
Can you provide such proof?
--**Spoiler Alert**--
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There are no promoters. HA.
So.... on March 31st the OS was 1,499,982,109. This is a fact. Reference the 2014 Q1 report posted on OTCMarkets.com.
Since that time, 210 million shares have traded. If all of those shares were sold by the company, which they weren't, the OS would be 1.7 bill, not 2.5b. Lol.
Penny Stocks move on hype, not fundamentals - especially not assets. EFLN is still flying under the radar, imo. If EFLN can put out a decent non-fluff PR or a juicy filing... that might be the ticket.
Looks like some shares moved down and whacked the bid. 7s thinner, very little 8s on L2.
Added some today. With this SS USNL could have a nice breakout if it can get out of the .0002/3s.
Share structure as of March 31, 2014
Outstanding Shares : 1,499,982,109
Float: 1,175,254,801
Authorized Shares: 2,500,000,000
(324,727,308 Restricted)
The text below is DIRECTLY from the Q1 2014 quarterly report posted on May 19, 2014. This document discloses information with regard to EFLN's balance sheet, income, share structure and other information AS OF the period ending MARCH 31, 2014.
The O/S is updated as of March 2014 on OTC Markets.com.
Shares Outstanding 324,727,308 a/o Mar 31, 2014
http://www.otcmarkets.com/stock/EFLN/profile
I'm pretty sure that's not correct. But it sure does trade like it.
If anything, that could be the public float.
EGOC been getting volume recently, something may be coming.
EGOC overdue for a run. Chart says thin, on watch.
EGOC overdue for a run. Chart says thin, on watch.
Looking at the trading history... PFNO doesn't trade that heavy. 400m-900m public float? Could be imo.
There is no such thing as a "safe" entry.
.001 should have some solid support though.
That's hilarious...
Interesting volume today. Watching this one.
It seems people here are cherry picking from the 10-Q when making their assessment.
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$23 Million in long term debt isn't important NOW... lets throw it out!
$1.1 Million net loss, it can be written off... NO BIG DEAL!!
$43 Million accumulated deficit, what even is that?! Oh well lets forget about it.
A 58% decrease in revenue quarter over quarter... Growing company!
NOW what we have here is a profitable, growing company!
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It doesn't really work like this, folks.
I don't see anything wrong with the way I said it. I've eliminated some pronouns to clarify further.
I'm not saying revenue is assets.
and
I'm not saying AR is revenue.
Quiet the opposite.
Yes, AR is sales (or cash owed). BUT until they are paid they are recorded as assets.
If the accounts receivable amount disclosed in the 10-Q is received by Q2's end, it will be recorded as revenue in the 10-Q for Q2. For now, it is an asset, as recorded in the 10-Q.
Can't believe VFIN is selling down here...
Not because it's "cheap". That's speculative.
Because even with the conversion advantage the convertible debt holders wouldn't be making much money in this down trend.
Dang dude. Well, If you have that kind of money to lose I would assume you make enough to take full advantage of that on your taxes.
If I were you I would hold... this could get worse though. Decisions!
$1566002513 / 9.6b OS = 0.162
40%+ Held by insiders
http://www.otcmarkets.com/financialReportViewer?symbol=PFNO&id=121041
Fixed thanks, lol.
I forgot the patents? Nope.
Intangibles, net: $2,547,881
That is included in the asset total. Which I used in the calculation.
GAAP dictates that patents are only worth the capital it took to R&D them.
You mean a PE ratio? As in Price/Earnings ratio? On the OTC? GOOD JOKE.
One, PE ratios are only valid when a net profit exists. APT has a net loss of $1.1m for Q1.
Two, companies that trade "5-10x" above their value on the OTC do so ONLY because of hype. Not calculations.
It's bound to improve greatly? Well they're having a great start. Compared to Q1 2013, 2014 Q1's revenue is DOWN 58%. It's on page 7.
Know what you own.
Good luck.
Okay. Take out the long-term liabilities then.
That leaves.
+1.76 annual gross revenue(440k gross revenue)
+14.7m in assets
-8m "short-term" liabilities
I'll leave out the 4.4m annualized net loss (-1.1m in Q1 x 4)
I would add the accounts receivable but that's already accounted for in the assets.
1.75m + 14.7m - 8m = $8.45m
The O/S is at 4.5 Billion shares as of the 16th. Which is likely to be over 5b+ in the near future.
$8.45m heavily adjusted "net" book value/4.5 Billion shares =
$0.001877
Without the adjustments, ATP is in the negatives... by a lot.
All that said. Fundamentals don't mean jack sh!t on the OTC.
I'll be trading it where ever it goes.
The bid has to close above .01 for at least 1 day in March 2014 to maintain OTC QB tier. If FROZ had not done so, FROZ would be OTC PINK right NOW like most of the other OTCQBs that got de-listed.
For next year however... It will take an R/S or some serious developments to meet that requirement again.
FROZ already fulfilled that requirement in march. FROZ/ATP will be OTCQB for the rest of this year if I'm not mistaken.