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Yes, you are right. I had initially thought you meant the A/R increased more than the revenue for 3Q itself - not the growth in revenue between Q's. I did buy 75,000 shares of AAGH this morning at $.065 as I think it could easily rebound to $.10 short-term as we get word on NOBO list & people digest earnings report. AAGH would have made $.051 per share in first 9 months this year if not for the non-cash charges this Q. It ran to $.41 PPS when it only had $,02 in the 2Q.
A/R went from 2Q $1,565,053 to 3Q A/E of $2,959,167 or $1,394,114 increase on $2,017,736 in 3Q sales. Still a high amount to go into A/R (69%) but NOT more than the revenue for the 3Q as you stated erroneously.
Selling, general and administrative expenses for the three and nine months ended September 30, 2006, increased 1011% and 193%, respectively. Increases are primarily attributable to a non-cash charge of $1,819,250 representing the fair value of common stock issued for management services, business advisory, and legal and professional services rendered.
A lot of sports teams have Hyperbaric oxygen chambers to heal their athletes quicker. The technology is for real. Europe & other nations use it for HIV/aids, cancer, etc
http://www.siliconinvestor.com/quote.aspx?ticker=pdss
scroll down & click on more news for older PRs.
http://www.siliconinvestor.com/quote.aspx?ticker=pdss
Sorry, forgot to copy the list of previous PRS from June 27th-2005 & earlier under PDSS symbol (was changed to PDSC to reflect the reverse split)
Here is a list of some previous PRs when Company was PDSS before June 27th 2005 when the one-for-one thousand reverse stock split took place. Authorized was lowered from 12 Billion to 27 million (12 million outstanding at the time of the reverse split). Now less than 18 months later the oustanding has gone up to 1.2 Billion (according to last karney interview)100X dilution in that time frame. when is the next reverse split going to occur?
Someone needs to get a response from Karney on his BS PRS.
It's more than sad. It gives the implication that FDA approvable of ozone was recent for use in super markets & that their Ozofresh 5000 is the "new" solution to use in marketplace when it has been available for 4 years. Plus they are currently working with Publix supermarkets in Florida in a joint venture.
http://www.team-ninja.com/vbulletin/archive/index.php/t-10660.html
Another article from 2002 that states that the Ozofresh 5000 will be commerciallly available later that month (In May 2002).
Also "The Food and Drug Administration recently gave the go-ahead to use it commercially in U.S. supermarkets and food-processing facilities" This occurred in 2002 not some recent event that might propel pdsc sales. If this isn't a deceptive PR then I don't know what one is. The basics of the value of ozone technology is true but their inference that their "New" Ozofresh 5000 system is just now avalible & that they are working with Publix supermarkets CURRENTLY is bullshit unless Rodrick has been working with them for 5 years (article states 1 year). I still have 1/2 million shares of PDSC so don't accuse me of bashing them as I am just seeki out the truth on them. It sure appears the Company uses these PRs just to sell shares into marketplace.
I believe the ozone technology is sound, but it is an uphill battle against the chemical companies.
Deceptive PR?
That PR is almost to the word from May 2002
http://www.napa.ufl.edu/2002news/ozoneproduce.htm
Maybe Andrew was shorting PDSC to make a comment like that. The second part was all fluff anyway. I do like the atomic-x acquistion as it at least gives the Company some revenue on the books.
Atomic-x drink reviews:
http://www.bevnet.com/reviews/atomicx/
2nd part of MN1 interview now available.
http://www.mn1.com/mp3/PDSCprt2_110806.MP3
http://msnbc.msn.com/id/15549821/
Contaminated fresh tomatoes served in restaurants were the cause of a recent salmonella outbreak that sickened dozens of people in 21 states, health officials said Friday.
Scottrade.com, for example, only allow online sells for this stock whereas, buy order must be phoned in.
MM's trying to get cheap shares by lowering bid.
The soy gas produced by the USEEC Company has greater energy density than natural gas, is renewable and a "green" product in that it is environmentally friendly. This nano-technology was licensed from Georgia Tech university for the next XX years in return for profit sharing. It was licensed thu CYBR when it originally was Medical industries of America.
NANOTECHNOLOGY to enhance soybeans and create a bio fuel that is more effective and pure than anything else on the market.
The soy gas produced by the Company has greater energy density than natural gas, is renewable and a "green" product in that it is environmentally friendly. This nano-technology was licensed from Georgia Tech university for the next XX years in return for profit sharing. It was licensed thu CYBR when it originally was Medical industries of America.
NANOTECHNOLOGY to enhance soybeans and create a bio fuel that is more effective and pure than anything else on the market.
Anything that gets us more independent of foreign sources of fuel the better. My only asseertion in the case of LFZA is I don't think it can accomplish $.50 for all cost inviolved per gallon if traditional soy beans or corn is used. It would have to be throw away items of some sort for this to occur at $.50 a gallon. But if it even costs $1.50 a gallon then we will achieve more independence & a renewable green resource.
The cost per gallon of this fuel is the crux of the whole potential investment here. I have seen projection of more than 3 gallons & up to 5 gallons of biofuel per bushel of soybeans. Soybeans recently have been over $6.00 a bushel. If they are going to pay farmers $.25-$.50 per bushel more it will even be more cost just for the initial ingrediant. If we just use 5 gallons produced & $6.00 a bushel we get $1.20 per gallon. I think the $.50 per gallon must relate to other sources that are throw away products like switchgrass, etc. they would have to sell the same fertiziler produced from that same bushel of soy beans back to same farmer for at least $3.50 ($6.00-3.50 = 2.50/5 = $.50 per gallon (just for ingredient costs). Unless this is miracle fertiziler I suspect that price maybe too high of a cost.
I have also read that their biofuel mixtures must be mixed at a 50% mixture with EXISTING individual fuel (Gas, diesel, etc) to run in their respective engines (which is still a good accomplishment if true) The fuel will not run straight in their individual applications as some have posted.
I just recently did my DD on LFZA so I am not familiar with those entities.
146 million out & 80 million float according to figures I have seen floating around.
IHDR,
There is a flaw in your great find to be released on Monday. You cannot buy EFTI for $.10 (close at $.099 PPS)a share & participate in one share of United States Sustainable Energy Corp or LFZA for every 5 shares owned of CYBR (which was going to merge with USEEC & become an operating Company with EFTI. You have to be a shareholder of CYBR on August 15th -2006 to potentially participate in 1 share of GRLY (which was supposed to merge with USEEC - see below)for every 5 shares held of CYBR.
Hence "Under the terms of the proposed merger between U.S. Sustainable and Global Realty, shareholders of record of CYBR as of August 15, 2006 will be issued one share of Global Realty for every five shares of CYBR beneficially owned on the record date." (see news of CYBR on August 30th-2006.
Now this is a covulated story so bear with me as I think I have the story straight. USEEC was supposedly going to reverse merger with CYBR after they emerged from bankrupcy. Because of delays in the re-orgainzation caused USEEC their ability to raise capital they decided to merge with GRLY instead. Then when that merger didn't pan out they reversed merger with LFZA. Where EFTI comes into the picture is CYBR was to get the rights to the certain patents and intellectual property rights currently contained in EarthFirst Technologies, Inc. (OTCBB: EFTI). Under EarthFirst's previously announced planned merger with Cast-Crete Corporation, EarthFirst/Cast-Crete will become the co-proponent of the Plan of Reorganization of CyberCare, Inc. ("CyberCare") (PINKSHEETS: CYBR). After the merger with Cast-Crete and CyberCare's emergence from reorganization, EarthFirst/Cast-Crete intends to combine the existing energy technologies with CyberCare's technology assets which was to include USEEC when they where to merge with CYBR.
I wish I know where it is going from here (hopefully higher than where I bought in!). I think it is a good bet that it will rise from here at least in the short-term. It seems these clean shells are all the rage in reverse mergers at the moment.
Pennybuster,
You must have your shares pre 2005 on FCRZ when it was still a reporting company (last Q filed on May 17th-2004).
FCRZ closed $.022 nearly exactly (.0216) the fibonaci (.618) retracement for the $.035 high for the day.
I bought 100,000 shares at $.022 on this retracement.
I was just responding to a question of the two 1000% gainers on the day!
Small recall but the frequency of e-coli recalls seems to be increasing.
http://www.ecoliblog.com/articles/-e-coli-recalls/
Connecticut Firm Recalls Ground Beef Products For Possible E. coli O157:H7 Contamination
The USDA announced today that Omaha Beef Company, a Danbury, Connecticut, firm issued a recall for ground beef products that may be contaminated with E. coli O157:H7, the same bacterium that was found to be the source of an outbreak among people who ate contamianted spinach in August and September and became ill. According to the press release:
Omaha Beef Company, Inc., a Danbury, Conn., firm, is voluntarily recalling approximately 1,680 pounds of ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service announced today.
The products subject to recall include: 10-pound boxes of 'HAMBURGER PATTIES, OMAHA BEEF CO., INC.' Five- and 10-pound bags of 'HAMBURGER, OMAHA BEEF CO., INC.'
Each package bears the establishment number 'Est. 2769' inside the USDA mark of inspection, as well as the case code, '101861.'
I will go on the record & predict when the SEC seeks an inquiry into CSHD it will halt the stock pending addditional information provided. Looks like a CESV situation coming soon.
Today we are witnesssing the first day of the unravelling of CSHD.
PDSC when they did the 1000:1 reverse split actually had their 12 billion shares authorized down to 12 million shares (10x 10 x10 =1000 or 12 billion to 1.2 billion to 120 million to 12 million). Press release from PDSS Company symbol (symbol before June 27th 2005) stated "The Board of Directors has also approved a reduction of authorized shares for the company. Authorized shares will be reduced from the current 12 billion shares authorized down to 27 million shares".
I'm sure PDSC created a few hundred million shares on their AtomicX & IFS acquisitions in the last year plus 220 million to stone financial to get back to at least 670 million share figure(latest number mentioned). PDSS was FSIG before March 4th-2005 & did a 4:1 forward split when symbol was changed to PDSS when Karney came on board (see below)
TORONTO, Mar 3, 2005 (PRIMEZONE via COMTEX) --
Food Safe International, Inc., the 'Company', or (Pink Sheets:FSIJ) is pleased to announce that it has been informed that NASDAQ has received everything necessary to effect the name change and forward split for FSIJ. The reorganization will be effective at the open of the market on 3/4/05, and the new symbol for Produce Safety and Security International, Inc. will be PDSS.
President & CEO, Jason Wong stated, "We are very happy that our stock split will be effective tomorrow. The Company has received a new CUSIP number and stock symbol PDSS, and we are informing shareholders to contact their brokers to assist our transfer agent in ensuring the timely surrender of old certificates for new post split shares."
President & CEO Jason Wong stated, "We have positioned the Company for new acquisitions and the appointment of Mr. Clarence 'Bill' Karney as the new President & CEO from Food Safety International LLC. The Company intends to appoint Mr. Clarence Karney as the new CEO and President and acquire Mr. Clarence Karney's Food Safety International LLC. The Company intends to issue capital stock of FSIJ as compensation to Mr. Clarence Karney for his appointment. Mr. Jason Wong, FSIJ's current visionary President will remain as the chairman of the Advisory Board."
TORONTO, Mar 7, 2005 (PRIMEZONE via COMTEX) --
Produce Safety and Security International Inc, the 'Company,' or (Pink Sheets:PDSS) announced today that the Board of Directors has appointed Mr. Clarence 'Bill' Karney as President and Chief Executive Officer of the company, effective March 7, 2005. In addition to his position as President and CEO, Mr. Karney will join and expand the company's Board of Directors. Jason Wong has stepped down yet will remain as the chairman of the Advisory Board.
"I view this management transition as a positive development at this point in time and it is my intention to remain closely affiliated with PDSS and assist Bill Karney in all aspects of the company's development and specifically in maximizing shareholder value," stated Jason Wong. "Bill Karney's dedication to PDSS, his food safety expertise and his understanding of the entire produce business environment provide me with confidence in his leadership."
"I am very pleased that Jason Wong and his group will remain closely affiliated with PDSS," said Bill Karney, "His advisory commitment will mean that PDSS will continue to benefit from his vision and in-depth knowledge of the company and its shareholders."
http://headlines.accuweather.com/news-story.asp?partner=accuweather&traveler=1&article=3
A tropical low pressure system just to the south of the U.S. Virgin Islands in the Caribbean will be closely watched through the weekend as it drifts in a general westerly direction. Conditions are moderately favorable for further development, as the water is very warm, and most of the wind shear is located far enough to the north. The one inhibiting factor will be the close proximity of the larger islands of the Caribbean.
Story by AccuWeather.com Senior Meteorologist Brett Anderson
About Mr. Clarence 'Bill' Karney
Mr. Clarence 'Bill' Karney is the co-founder, Chairman and Chief Executive Officer of Food Safety International LLC. He has more than 40 years of experience in the produce industry. His knowledge encompasses all aspects of the produce business including domestic and international field operations, inspections, procurement, sales, marketing and consulting. Mr. Karney has developed exceptional government and corporate contacts and is considered one of the most experienced members in the produce field. Prior to founding Food Safety International LLC, Mr. Karney was the founder and president of Karney & Associates. In this capacity, he was involved in the operations and inspections for import and export companies, sourced fresh fruit from Central America and provided market development and consulting services to a publicly traded news company for the produce industry. His other activities included the successful and profitable sales of seasonal fresh fruits and vegetables to major retailers, food service, terminal markets, and U.S. governmental purchasing agencies. Mr. Karney spent 12 years as a U.S. Department of Defense Procurement Agent/Contracting Officer. During this time he was responsible for the purchasing of over $400 million per year of fresh produce for these organizations. Prior to that, he spent seven years as a U.S.D.A. Fresh Produce Inspector at terminal markets including Boston, Washington, D.C. and Philadelphia, and fresh produce inspection in the states of New York, New Jersey, Florida, and Virginia. Mr. Karney is a professional member of United Fresh Fruit and Vegetable Association, Western Growers Association, International Food Processors, International Fresh-cut Produce Association, and the Produce Marketing Association. He is also a member of 5 A Day Produce For Better Health.
Interesting that after the Nov 18th Pr about Stone Finacial finacing there was NO more Prs until two months later on Jan 17th 2006. Followed by a barrage of press releases & PPS increases. Volume for PDSC was only in the couple of million a day until mid August when it started to get around 10 million a day or so at times. Maybe that is when Stone Finacial actually received the free trading shares & PDSC agreed to support price as they were selling into the volume created by the massive PR campaign by PDSC?
I can't find any historical stock quotes for PDSC before June 27th- 2005 at $.045 PPS. Kearney said they did the reverse stock split 1000 for 1 when he inherited the 12 billion in shares oustanding. a reverse split of 1000 for 1 would take outstanding down to $12 million shares at that time. Whereas now he claims on the mn1.com interviews that there are 660 million shares out or so & he owns 82%. Something doesn't add up here in the share structure for PDSC.
To set the record straight on Stone Finacial:
Using the date that PDSC secured financing from Stone financial from the press release November 18th-2005 (See below: I don't know when they actually did the physical transaction of shares). The share price on that date was exactly where it was today at $.0028 (It rose a 100% up that day from .0014 previous day close. 220,0000,000 x .0014 = $308,000. So Stone financial must have received a pricing like the average 10 day pricing of stock prior to agreement or something to that effect. it is true if they had held to sell earlier this year they would have reaped mega profits. It is unlikely that they waited as Kearney said they were free trading shares. That was the major mistake in my mind instead of making them restriced for a year or so from trading. The interesting thing is why did they default after the first tranch of $250,000 payments?
November 18, 2005 - 1:21 PM EST
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November 18, 2005 - 1:21 PM EST
PDSC Secures $1 Million Funding Commitment From The Stone Financial Group, Inc.
PRODUCE SAFETY and SECURITY INTERNATIONAL, INC. (OTC: PDSC), a sanitation disinfectant process supplier to the food and medical industries, has secured $1 million dollars in funding commitments through a 504 registration with The Stone Financial Group, Inc.. The proceeds will be used for future acquisitions and for working capital purposes to build and develop the company's operations.
"Produce Safety & Security International, Inc. is at an important point in its lifecycle and this current round of funding will help the Company execute on its business plan within the worldwide food safety market," stated Clarence W. Karney, Chief Executive Officer of Produce Safety & Security International, Inc.
"Our experience in this sector and the strength of our connections gave us a unique insight into the business of Produce Safety & Security International, Inc. to ensure that we were fully prepared to proactively support the Company in its growth initiatives," said Esper Gullatt, a director at Stone Financial Group.