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Financials were never going to be released in August. A look at the company's filings history indicates the fy 4q and full fy numbers will be released - as usual - on September 30. No sooner, no later. Patience is not a virtue, it's a necessity
Hubris
The same money does not know each is worth well over $10
That would calculate to $590mm market cap each
The reality is that the same money believes each worth well over $10
Knowledge is knowing when to use the right word in a particular sentence
Your word crafting from time to time leans heavily towards hype and/or hope rather than honesty
75 likes in almost 11 months? That's all?
Your definition of 'hardly any' is as ill used as your all too frequent use of the word 'soon'.
Dilution of 8% over the past 12 months ending March, 19% over the past 24 months, and 41% over the past 45 months is a whole lot more than hardly any.
Almost all ceo's hate dilution, but here are the facts.
ECSL's share count, absolute and percentage changes by quarter
03-31-15. 58,751,053 650,016 1.1%
12-31-14. 58,101,037 1,056,562 1.9%
09-30-14. 57,044,475 479,633 0.8%
06-30-14. 56,564,842 1,915,733 3.5%
03-31-14. 54,649,109 1,525,260 2.9%
12-31-13. 53,123,849 1,082,165 2.1%
09-30-13. 52,041,684 448,666 0.9%
06-30-13. 51,593,018 2,091,273 4.2%
03-31-13. 49,501,745
..and annual changes
06-30-14. 56,564,842 4,971,824 9.6%
06-30-13. 51,593,018 1,654,243 3.3%
06-30-12. 49,938,775 8,401,448 20.2%
06-30-11. 41,537,327
So what do we know? Well, the good news is the quarterly dilution rate of change over the past four quarters has been less than the comparison four quarters prior. The bad news is the two highest quarterly increases have been in the fiscal fourth quarters at 3.5% (June 2014) and 4.2% (June 2013). If form and history prevail, fy 4q 2015 share count is likely to have risen between 1.5-2.0mm. Shareholders should be happy if the incremental share count is under 1.0mm.
It will be interesting to see how many fully diluted shares have been added since the march q.
Frankly, any CEO who is 100% confident in company operations and future prospects is not dealing in reality. If he were to fully agree with what you wrote, investors should be scared... very scared.
If revenues were "coming in now", one would think company management would be eager to release fiscal 4q results asap. It has been six weeks since the June qtr closed, plenty of time to assemble the numbers and report results.
www.otcmarkets.com/stock/ECSL/filings
This year's annual report is not yet evident and likely won't see the light of day for another 50 days.
Exactly what I've been saying for over a year with respect to real volume and/or dollar numbers showing actual meaningful revenue gains.
At closing price, price to sales over 40x, assuming at least 59mm shares as of 6/30/15.
Not likely given company reporting habits. The june fiscal year end 2014 results didn't show up in sec filings until September 30.
You would think the company would release results sooner if the top line was starting to increase from it's $250k quarterly flatline of the past few quarters
Is cnv generating any revenues, and if so, how much?
HQ based in Vancouver, and most of mgmt team and some of boa are of Chinese heritage.
http://www.cnvsystems.com/team/
If fiscal year end 2014 was any indication, financials won't be soon.
http://www.otcmarkets.com/stock/ECSL/filings
Think end of September at the earliest
Unless... Possibly...
There was a June qtr rev ramp of significance
Amen to the regulators comment
Let's put to rest all the thin comments.
Hardly anyone would be foolish enough to show his/her hand on the bulletin board.
About the only ways this stock would prove to be thin in either direction is on substantive news, such as...
...Contracts with some sense of numerical scale of significance
...a breakout from the $250k revs per quarter flat line the past several reporting periods
...institutional accumulation by a well-respected investor
...Declaration of bankruptcy
...a significantly dilutive equity offering or desperate debt financing
Not saying any of these events are likely or imminent.
As for the volume so far this week, better, but still would like to see a real one-day clean out.
The stock in essence has done a round trip between 4q13 levels and this week.
At it's brief low of $.41, the stock sported a market cap of $24mm based on 58.7mm shares as of 3/31/15.
At the high of $3.15, the market cap was about $164mm based on about 52mm shares at the time.
A 40-45 bagger ($2.80-$3.15) is 7x better than a 6.6 bagger.
Anyone who bought on the last spike above $2.80 is down at least 84%.
Anyone who sold above $2.50 is presumably very relieved and happy.
By now you should understand, so I repeat...
This is a show me stock.
In the past 19 months, what ended up being over promises by mgmt via press releases turned out to be under deliverance, so...
Mills et al are in the penalty box until...
Well, who knows, but post 20278 probably is as good as any for that answer. Yep,
Show me the money $$$
Six cents is the level at which virtually everybody here would be under water, and therefore the price at which anyone who has any degree of common sense whatsoever should be questioning why he/she remains a share owner.
Over the 19 months I've been following this adventure, I'm quite happy to have been myopic as you term it.
Six cents per share
Without some idea of revenue scale, these deals are telling virtually nothing
I'd take issue with your first sentence, unless you honestly think a peak market cap of ~$185mm and current market cap of ~$47mm is appropriate for a company showing no signs yet of breaking out of its $250k per qtr revenue run rate
http://finance.yahoo.com/q/hp?s=ECSL+Historical+Prices
Your weekly volume numbers don't match up
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=Ecsl&insttype=&freq=1&show=&time=9
2 year chart
01:22 PM ET
CyberFuels, Inc.'s New Flex Fuel "EcoFlex 96(TM)" Ordered for Use by a Municipal Government Fleet in Florida
I don't suppose mills/robertson would like to expand on that.. which one... how large a fleet.. is there a minimum order value over a specific time period.
Yes, still own partial position, having sold about a third on the volume spikes in early February for ballpark 60% gain in less than two months. After last couple of days, close to playing with just the house's money.
Odds are generally on our side when you follow insiders with extraordinary track records who buy their own stock. You are absolutely correct, Phil Frost has always had drive and intense focus. The man is a moneymaker.
Food for thought. Wonder if mgmt has access to this. Not cheap.
The Global Fuel Additives Market 2014-2019: Trends, Forecast, and Opportunity Analysis
www.reportlinker.com/p02653329-summary/The-Global-Fuel-Additives-Market-Trends-Forecast-and-Opportunity-Analysis.html
Meanwhile, thanks to many of you for your responses, clarifications, and observations today. The board posts for the most part were worth the time to read and civil.
It is very obvious to me that company mgmt needs to hold a conference call of at least an hour to address and clarify many topics that surface on this thread. There is way too much confusion, and if handled properly, the company would likely gain back some credibility that has been lost at the margin over the past 16 months. Perhaps some portion of the call could be devoted to questions emailed to the company on topics related to how the company is run, revenues and expenses are recognized, segment product development, working capital management, outstanding share creep, etc. It might also to some extent make investors feel like they're on even footing. Q&A with a responsible and responsive IR is one thing. Direct access on a quarterly basis to top management - CEO and CFO - is a prerequisite to being taken seriously by the investment community, whether the stock is in the pinks, reds, or blues. IMHO, in order to escape the pinks, you must behave and act like you don't belong there.
Good weekend to all.
Last year the FY3q supplemental info, etc was released on Thursday, May 15.
So I agree, that info link should be on the site tomorrow.
"The medical division alone is worth more than the present stock price."
Really? Based upon what metrics and/ or peer comparisons?
The market cap of ecsl is now about $45mm given 58mm shares.
How can medical possibly be anywhere close to worth that market cap.
Please clue me in on what 'next quarter' means exactly in this case.
Is it...
Fy3q ending March 31
Fy4q ending June 30
Fy1q ending Sept 30
Earnings projections? surely you jest. I think many investors and tire kickers would be satisfied to see low balled range guidance for revenues by biz segment for the next couple of qtrs to be reported
Of course you can chart a start-up. Maybe you can't or are unwilling to, but the ecsl chart is out there for anyone to interpret, and the majority see it as a bearish chart
Why would a calendar 1Q15 (FY3q) filing have any flying j revs when the store stocking didn't even start until April 13
Bankruptcy trustees aren't market experts. As fiduciaries, they are charged with getting the best possible deal for creditors. They don't have it in them to consider a big block sale at a significant discount to 'clean up' the position.
You're citing average shares outstanding, not actual shs o/s
Please clue us in on the math that leads you to conclude the additive is currently worth about $355 million?
Many of us would be very interested in the same way that some of guru pup's assumptions and math are at least worth the time to dissect and discuss.
A very competitive space.
There are a bunch of health related companies in phase 2 and phase 3 trials in that wound healing derby.
Hopefully, we will all benefit from advances in and commercialization of all this wound healing R&D
As best I can figure, and being much newer to this company than you, you are correct.
So here's another question.
Of the $1.97 million left of cv notes payable, how many additional shares will those cv notes convert into at what average price per share?
Looking at the chart, hard to believe there are many shorts who have losses to cut
Meanwhile, fwiw, here's one site that purports to show a recent time line of short interest and days to cover.
www.otcmarkets.com/stock/ecsl/short-sales
Accountability
Lastly, I am in the process of assigning executive level P&L responsibilities to our existing staff and where we need to hire, I plan on hiring. My goal is to have the best managed company possible in each of our respective divisions.
If Ron makes good on executing on that comment, that should be a meaningful positive going forward if and as production and sales growth unfolds
If it's so easy then why can't you do it correctly?
Here are the share counts going back several quarters...
12/31/14 - 58,101,037
09/30/14 - 57,044,475
06/30/14 - 56,564,842
03/31/14 - 54,649,109
12/31/13 - 53,123,849
09/30/13 - 52,041,684
06/30/13 - 51,593,018
03/31/13 - 49,501,745 (strange .. 3 straight qtrs)
12/31/13 - 49,501,745
09/30/12 - 49,501,745
06/30/12 - 49,938,775
Why have quarterly revenues been so pitiful and down so significantly vs a couple years ago?
6 million gallons, not $.
Would be helpful to know how much that will cost and how it will be financed
For those of you looking for instant gratification, take a sedative and exercise some serious patience
Share dilution was 9.4% in the year 2013.
That is a degree worth mentioning.
Under 3% annually is not worth mentioning.
Soon we should know what the degree of dilution was in 2014