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Are they perferred A or B?
the holder has the option to convert to common.
perferred stock is a form of debt to the company - like a bond issue.
it has a dividend.
yes, or they will buy them from you. I'd rather have perferred shares than common at this point in time.
Stryker @ 35 cents/share.
Yeah, I'm starting to see in the Boston area now.
Do you have their names? I'd like to sell them some magic beans.
These are all merely opinions.
Debt conversion.
Preferred to common, common at par to cash.
Could you please define for me how you assemble a statement of cashflow's that would show an operational loss?
RSI continues to hold up
BTHR, Its getting that "over-bought look" again.
Baseless.
What event in the future would cause a Reverse Split?
You can't look at history. Those were different economic times.
Take apple, they had a huge market share, stock was up to 700/share. Now its trading at just under 400/share. Will it get back to $700/share? We don't know what the future holds for Apple.
So with SNDY, we know sales are increasing.
we know they are opening sales channels abroad
we know they are open to a buyout/merger
we know they are actively quality-branding the product lines
Your history of reverse splits, is just that. History. SNDY is in a different economic position than before. Read the financials.
By your logic we should be expecting another recession in 25 yrs.
Thanks!
I drove by their offices yesterday. Pretty sure they do exist.
92% Increase in positive net operations cash flow. Great sign of long-term growth.
6,000 in 2011 to 98,000 in 2012.
At a nickle per share, that'd be roughly 50 million valuation. Plus perferred shares, which are owned mainly by the company exec's, would probably get 25-50 million to split between themselves.
That would be assuming products have enormous demand.
Probably won't here anything about it until May.
Most likely its considered in progress, as some of the steps before are part of the Stage 2 Audit.
I'll spend my money, you spend yours.
Take it for what it is. Its unconfirmed/unofficial information on a message board.
It is as qualified as a phone number on the bathroom wall.
Revenues increased approx 55K year over year.
Bad Debt expense is consistent, and valued at 15% of Accounts - pretty standard.
Take out the depreciation of the office furniture (100k) and the consulting expesnses for this CE Mark (450k), you have a Net loss of 190K vs 375K last year.
They are making headway, they just need to spend some money to get there and build new sales outlets.
Buying back there Series B stock is them paying off other Debt. Series B stock is generally another form of debt to creditors. Notice some shares were converted. they convert them to common stock to "cash in", thus the "dilution" everyone is so anxious about.
Since there was a bombing a mile from my office I haven't had the motivation to calculate any other analytical numbers. inventory turnover wouldn't show a good indication of how the product is moving, but that really doesn't show much on an annual basis - need quarterlies.
With the lack of detail that is required by the OTC in financial statements that is really the bulk of the analysis. Especially with struggling startups.
I think an indicators of decent credit is the Series B stock, vs selling more common. If you have series B stock you own the right to convert it to common, which is a reason why the common stock has increased. Plus the main reason a company issues stock is to sell ownership for capital. You should fully expect the 950 to be sold into the market.
I think this company has as structure for growth from sales. They just need more buyers. I think the CE mark will open up new avenues to this. I think the US market is limited due to much larger competition. But I can also see a larger company purchasing the Solos or a product line (laproscopic) so they do not have to forgo an opportunity costs amongst their current product lines.
The A/S is 950 million. you should fully expect to see that sold out to the market before investing. especially after looking at last years financials. however if you dig into the numbers you can actually read what they are doing.
on the surface yeah, its a 700k loss. if you go through the numbers like a prudent accountant and determine what are the relevant costs that make up that number. you will see a completely different financial report. This is basic accounting. you actually need to dig in a calculate ratios and differences year over year over year.
You mean they have more than 950 million shares?
Cost yes.
Efficiency? debatable. Calculate the inventory turnover ratio.
So they are realizing a transaction that hasn't taken place yet? That doesn't follow GAAP. Insn't that fluffing the books?
Take out some of the fluff...
Revenues increased approx 55K year over year.
Bad Debt expense is consistent, and valued at 15% of Accounts - pretty standard.
Take out the depreciation of the office furniture and the consulting expesnses for this CE thing, you have a Net loss of 190K vs 375K last year.
They are making headway, they just need to spend some money to get there and build new sales outlets.
Buying back there Series B stock is them paying off other Debt. Series B stock is generally another form of debt to creditors. Notice some shares were converted. they convert them to common stock to "cash in"
Sales growth increase 16.5%
Cash to assets: 4.2% 2012, 0.28% 2011
Current Ratio: 3.27 in 2012, 0.53 in 2011
Price to Tangible value has inceased 472% with the dillution of 260 million.
Their not great, but they are getting better. They are making money.
Aren't 'Preferred Shares' generally considered a form of debt?
cycling is right.
well someone's been doing some wallpapering.
¿qué?
FRTD has an identity crisis... I thought this was 3 buisness idea's ago?
Via http://www.sbwire.com/press-releases/
"Fortitude Group, Inc. provides online gaming and gaming lifestyle organization services in the United States. The company hosts traditional and online poker games and mega events; and publishes and distributes a gaming lifestyle magazine to casinos."
I agree. I'm sure those people who got in when the price was down in the 2's or were buying to average down so they could get out, are out by now.
I mean, why else would you be holding shares if you wanted out, or looking for a major gain?
4's seem to be the floor, but I wouldn't doubt a daily dip down into the 3's until there is another PR of some sort.
Yeah, it also only states 2 employee's so I'm guessing some sort of Bot created the report based on previous filings. There is a caveat at the bottom of the report that states such.
I mean, at least they are filing something... right?
It will be interesting if this ever goes anywhere... IF
Research as of March 9, via Reuters. If FRTD is ever going to do something, they might want to get started. Zero's on the financial statements and cheering goodwill are not going to lure investors.
RNDR ROUNDER INC
(OTC MARKETS GROUP - (CURRENT INFORMATION))
Date: 9 March 2013 Sector:
Fortitude Group, Inc., formerly Rounder, Inc. is a development stage company.
P/E: --
Employees: 2
Market Cap: 2.24
Shares Outstanding: 400.84
Float: 395.73
Financial Summary
BRIEF: For the fiscal year ended 31 December 2012, Fortitude Group Inc revenues was not reported.
Net loss applicable to common stockholders increased from $54K to $734K. Higher net loss reflects
(Loss) on disposal fixed assets increase from $50K to $308K (expense), Consulting increase from
$0K to $45K (expense), Public company increase from $2K to $21K (expense).
Financial Strength
12 MoDec 10 12 MoDec 11 12 MoDec 12 MRQ 3 Year Average
Quick Ratio 0.00 0.00 0.00 -- 0.00
Current Ratio 0.00 0.00 0.00 0.00 0.00
LT Debt/Equity (0.78) (2.01) (3.18) 0.00 (1.99)
Total Debt Equity (0.83) (2.13) (7.67) 0.00 (3.54)
Financial Strength looks at business risk. The stronger a company is from a financial standpoint, the less risky it is. The Quick Ratio compares cash and short-term investments (investments that could
be converted to cash very quickly) to the financial liabilities they expect to incur within a year's time.
The Current Ratio compares year-ahead liabilities to cash on hand now plus other inflows (e.g. Accounts Receivable) the company is likely to realize over that same twelve-month period.
The Long Term Debt/Equity Ratio looks at the company's capital base. A ratio of 1.00 means the company's long-term debt and equity are equal. The Total Debt/Equity Ratio includes long-term debt
and short term debt.
Per Share Data
12MoDec 10 12 MoDec 11 12 Mo Dec 12 TTM 3YrGrowth
Earning
Per Share (0.02) (0.00) (0.00) (0.00)
Sales
Per Share 0.00 0.00 0.00 0.00
Book Value (0.12) (0.00) (0.00) (0.00)
Cash Flow (0.31) (0.05) (0.00) (0.00)
Cash
Per Share 0.00 0.00 0.00 0.00 (0.98)
Officers
Thomas Parilla President, Chief Executive Officer, Director
Greg McDonald Director
W. Andrew Stack Director
John Stanton Director
Probably forgot to pay the bill. I noticed that at the end of the year too.
A nice bump up to 0.005 could get this thing moving again.
Its exciting, anything can happen!
Funny, I learned about ISRG through a friend. While in college, he bought some shares at around 35 cents a share. He ended up selling out around $5 dollars, and has been kicking himself since.
I found Solos researching breast cancer while my mom sick and see great future value.
I'm going to ride this wave as far she will take me.
News like that is never easy to take, but I hear you loud and clear. March 26 will mark the 2 year anniversary of losing my mother. She never got to see her 60th birthday or retirement. I found Solos through research on the disease while she was sick. I don't own much but I hope it furthers product development.
Potentially.. it will depend upon who and what the offer is. Solos currently has a market cap at 3.2 million, with 950 million shares alotted for contributed capital.
If say the buyout was $50 million of cash, then as shareholders we would see a cash offering of roughtly $0.053/common share, not calculating in the series B perferred shares. Decent gain for sure. At this time Solos would need to see significant sales revenues, product development, and demand to have an offer that high. That may or may not come with entrance into Europe and Canada. We will have to wait and see.
From a business perspective, the company that purchases Solos prior to having proven 'CE market' success will be taking a far greater risk than we are. Most likely that company will have many more shareholders to answer to than Solos does. The good news is the global economy is better than it has been in the last 5 years. Top companies are looking to spend cash to acquire more assets.
Ultimately I think we will see one of the following in the near term:
1. Solos will sell off a product line.
2. Solos will reverse for to 1 for every 100 or ten, and do a complete stock swap with the purchasing company.
3. There will be a cash and stock offering to Solos shareholders, 1 penny for 75% of position then paper for the rest.
But first we'll have to see what tomorrow brings...
Dream big!
May find the leprechaun's gold during that search instead...