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like I said last I looked!! i have not been in this POC in a year!! FY2011 = 2012 was $2.5MM. Do not tell me they did not do $3MM in sales cause they clearly did before ED screwed everything up!!
not talking about COIN I am talking about the asset!! last I looked they did like $3MM annually in sales, and were cashflow positive!! Take away the corporate baggage and the asset would have value to another fertilizer company!!! My point was that this is much cheaper than going public on their own, which takes time and money!! I think when this all settles out this new company might even make some cash off of this deal!! Shareholder of course are wipped out, but then we already knew that was coming!!
Not that I am telling you what to do, but you might wanna consider hanging on here!!! Yes you own nothing of the new company that basically bought themselves a cheap listing, but the truth is they are going to likely sell Gonzales for $3-5MM range and generate cash to do something in their own business whioch makes this transaction basically free and cash flow positive. Do you know anything about the other company ie sales, earnings, employees??
wish I had some i would be dump hard right now!! My TD account does not even show COIND as a stock yet!! couldn't buy or sell if I wanted to!! can you?
Someone is having fun with the bid and ask $2/$2.50 = 0.00375/0.005!! Too bad no one can get out of this thing yet!
Very Soon!!!
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USMC I guess you were correct Ed wasn't going to let this go bankrupt!!! Enjoy your 74 shares, and if you had done some real DD, you would have known that the CEO's history clearly showed that this was going to end with shareholders losing everything. Good luck on your future investments, and maybe next time do not just assume that everyone here is a basher, just because they are on the otherside of your trade!!
If you wanna stay in touch you know where to find me. I will be announcing some new buys in September that you might wanna consider.
maestro
Hedge fund making way too much money swing trading this from 2.80 -3.40 for that to happen!! No one wins that way!!!
this is my 7th time making 55 CENTS PER TRADE SHARE!!! 7 x .55 = $3.85!!! that is higher than the PPS which is why you never buy and hold.
Clearly I am not the only one who has figured out that you buy 2.80s and sell 3.40s every time!!!
I have looked into the possibilities of this thing filing for bankruptcy protection, and there is a very good chance that it does not have to even without financing in place, and here is why. The Gonzales plant is cashflow neutral and all the loses are from executive overhead. My guess is these guys will not demand their money and force the Bankruptcy and no other creditor will either. Instead they will likely run this another few years and accumulate a huge debt owed to the CEO and CFO and then loan the company a small amount of money in exchange for warrants that will effectively wipe out every existing shareholder in another r/s!!!
JMHO and Good luck with all your investments
maestro
27,000!!! funny thing is I had to multiply it by the r/s 1811 to really know how many you have cause I still remember the days when there was three of us here with over 100,000,000 shares. Those were the days, and when I actually held out hope for this company. Truth is that they are improving the business like I hoped they would, and if my original 225,000,000 shares before the split (125,000 post split) were actually significant then we may have made out ok on this one. Unfortunately the powers that be decided to up the share count from 4.5MM to 116MM and pretty much cut us off at the legs for the next 5 years!!! If you hold out long enough and things go well you may get back to your break even. Fortunately I was able to unload most of mine above 23 cents after the split after seeing the 5 year plan here. Hopefully we can hook up on something else in the fall, but I haven't had my ear to the ground for a while as life and work have gotten really busy. Keep in touch!
maestro
Hey Skul how's is it going? long time no chat. Hope all is well and you got some good use outta the ski chalet this winter!! I am not here or often as I have moved on and took my loss, and pretty much lightened up my weighting in the markets overall, along with the typical sell in May and go away crowd. This one had frustrated me for years and I lost it when I figured out the CEO basically marginalized the existing shareholders by diluting the company and drive the PPS down to a level so low, that he basically stole the company for small loan. Now there is so much paper out there with 116,000,000 and increasing, the PPS will not likely increase for years, and only if they hit their 36 month plan which is half over now. 5MM/Quarter will not cut it IMHO because they continue to add overhead as they go!! Lets assume You need this to go back to 0.0002 or 36 cents per share, they would need to generate 1 cent per share per quarter or $1,160,000 per quarter. If I had to make a guess I would say they would need to do more like $12MM/Quarter to justify 36 cents of $50MM Mcap!!! This is exactly the reason I am not invested here, and like why the volume has not moved one inch even though the CEO apparently spoke at an investors conference!!
Keep in touch and good luck with this and everything else. I may step back into the markets in September if we get a Big pullback this summer, otherwise I am sitting this insanity out right now.
maestro
Hi!!
Sorry maybe I got the number wrong, didn't waste much time on the 10Q!! Bottom line is that it take about $4MM/Quarter or $16MM/Annum to pretty much break even for this baby!! Lets assume they generate $500,000 of free cash this year and God knows that would be a stretch, why is current Mcap not $5MM making the PPS about 4 cents!! WTF is dumb enough to pay 20 cents for a company that has driven growth through acquisitions, and has failed to inform shareholders of the details of these deals. Are sellers getting royalities, stock, profits, finders fees??? Who knows, you will never know!! Bottom line this is priced currently for a target that is 3 years out, otherwise they better be a real tech company like Apple who can justify a P/E of 40 to 50!!! The fact that no one is trading this thing, proves it is over valued. All the company has to do is throw a BS bid up for 10 cents, since they own all the stock anyways, and make their company and themselves appear much wealthier than they really are!
Good Luck, aND DO NOT BE SUPRIZED when one of these quarters they get a Big One Time Charge that wipes all the profits away and lines someones pockets for personal gains!!!
maestro
Currently the share price is grossly overvalued with this trading at about P/E = 50 and a P/S = 1.5. That being said the CEO is wealthy on paper owning 55% of this thing so he can borrow money and do all kinds of great things in his own personal life, even if he can not sell the stock to any suckers!!
JMHO!
Another epic fail of a quarter with SG& A cost Balloning to $1.6MM/ quarter!!
GL2UA
maestro
BLACK & WHITE!!!
If the Company does not receive additional funds in excess of the amount of cash on hand, whether as a result of the exercise of the warrants issued or the issuance of further convertible notes, or otherwise, the Company will not be able to continue its operations once the cash on hand is utilized, which the Company estimates to be May 15, 2013. Even in the event that the Company does receive additional funds, there is no guarantee that such funds will be sufficient to continue operations until the Company achieves its plan. At this time, The Company does not have any commitments for additional financing, and there is no assurance that capital in any form will be available to it on terms and conditions that are acceptable or at all.
A fool and his money will soon part!! do not be a fool this one is done!!
Thursday May 16, 2013 Converted Organics will file bankruptcy protection in Boston Mass. courts, as they have clearly stated in the last 10Q filing to the SEC that they will run out of money and have no financing in place to continue operations. Those hoping for a merger should know that the CEO has been working on this for 2 years with no luck. Sure hope no one is shocked when this happens this week, cause they clearly told you it was going to happen.
Good luck to all!!!
plenty of safer gambles out there if you look for them.
maestro
Bankruptcy pending here!!!!! Good Luck
maestro of COIN
http://ih.advfn.com/p.php?pid=nmona&article=57092868&symbol=ATL
SHHHHHHHHHHHHHHH let the marke figure this one out!!
; 0 )
How? simple cause I have a clue man!! This company used shareholder cash to make debt holders huge returns on very small loans!! Lets put it this way, if I had loaned the money to TYRIA at the same deal the CEO and other got instead of buying the stock, my $30,000 investment would be worth millions today, assuming that I could get enough idiots to buy this garbage now!!! Instead my $30,000 investment lost $23,750!!! Remember how many could not figure out what the deal was with this company, it was pretty obvious that they kept the PPS down and ran shareholder to debt (bond) white washing job, and it worked!! They all got rich even at 17 cents they are millionaires for doing nothing!! Now the CEO just wants this thing to trade volume so he can retire on a beach and LHFAO at all the morons who got screwed here including myself!!! I am not going to lie to myself so i can feel good, I got taken and I lived and learn my lesson!!
GL2U hope you make a bundle, but I doubt it!
and?!!! let me guess you think it is going to da moon right??? I told yulo Bankruptcy and you wouldn't listen!! Just a matter of time my friend!! Ed is a COIN CRUSHER!!
Hey guys remember what I told you about straw accumulation!! It is happening after the deal was signed and now institutional investors are loading up!! This is on auto buy, and the run will be EPIC!!
maestro
and yet they gave stock option away this year at 3 cents and less, and CEO diluted the stock at half a penny, and now it is worth magically 60 times that amount!!!! Wow!! I sure wich I could work part time doing nothing, then claim that I own the company after shareholders carried it through the worst recession in history, and then tell people the company is worth 60 times what you converted your inflated salary at!! 29 cents eh!!? That means this guy made $20,000,000 in the last decade or $2,000,000 per annum for running a company that has done a decade of sales of less than $50,000,000 total!!!!
You can not stop stupid people from throwing money away, but really you have to be a fool to buy this garbage!! I know I was, and thank God I moved on to something real.
GLA and do what you want, cause you know the share dumping is coming!!
Ok so they made 600K more in sales than I estimated, by dropping their price and margins and only lost $1.25MM this year instead of $2MM on $13.1MM in sales!! You got a real winner here man!! Lets all pay $25,000,000 for this company that has never made a single penny in 12 years!!!
Notice that SG&A & Revenues increase more than Earnings!!!! Time to start the Diluting process again!! 131MM shares going to 250MM very soon!!
You do realize much like this company the guy is morally bankrupt!!! Stop saying he gave his shares as executive compensation, when you know damn well he stole our money and gave the company to them for his own selfish reasons!! Existing shareholder own nothing!! The float is like 4.5MM shares or something stupid like that!!! This company should be delisted for not floating the company, not uplisted!! Just wait till they tell you they lost $2,000,000 last year and now there are a Billion shares outstanding and a new r/s on the horizon!!! IT IS ALL COMING PEOPLE!!! THIS IS A DILUSSION SCAM BEYOND BELIEF!!
THE CEO HAS NEVER DONE ANYTHING BUT STEAL $20,000,000 from existing shareholder!! I say $20,000,000 cause that is the current Mcap, but in reality this POC is worthless!!!
DO YOUR HOME WORK!! THIS GARBAGE USED TO BE CALL TREY RESOURCES!! and the non-split adjusted PPS it started at was $1086.60!!! now it is 11 cents!!
Yah real company my @ss
WOW HUGE NEWS!! It's a done deal now lets let the market figure out how under valued this stock is!!!! Not saying another word till it gets over 40 cents!!
maestro
Is this the part of the pump where everyone start blaming the shorts, and doubling down to lower the average cost base only to see he stock continually decline till it wipes out everyone and heads to the pinks sheets where it trades doe a decade at 0.0001/0.0002 before finally getting delisted???
Is it??
cause i think it might just be!!!
See you all at the bankruptcy party in 2023!!
maestro of VRNG!!
Yes Money!!! Not easy to make money in a Bankruptcy!! Ed take his Eye of the ball!! That guy never had his eye on anything, but he did have his hands in alot of pockets!!
Seriously you know I am right about this, but as a current holder you are just being jaded!!
GL2U I hope you make a bundle on this one, it is not skin off my back if you do!!! Who do you think I am Detective!!
LOL
Wow that sure is alot of pumping on Yahoo about MJ growers considering this company is not in the MJ space anymore!!
The things people will do to trick the foolish is beyond shameful!! knowledge is key and this one is going BANKRUPT SOON IMHO!
GL2UA who are hanging on hoping for the Hail Mary pass!!
See you all later
maestro
But I had the time of my life, and I owe it all to you!!!
Saw the writing on the wall that this stock would fall!!
Everyone!!
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El,
You have always struck me as one of the few here with a clue about this company. Clearly the volume is nothing, and the current Mcap insane for a company that has lost a ton of money yet again. How could anyone justify paying $25,000,000 for this company? They are about to announce more stock diluting to pay for this train wreck of a year, which they assured shareholders would not happen!!! Where is the $15,000,000 in sales and the Positive Cash Flow??? They did maybe $12,5000,000 and lost around $2,000,000!! Based on the previous financing and stock options at 3 cents I am betting that this is gonna add around another 66,000,000 shares to the O/S caount and make this current PPS a $40,000,000!! Mcap!!! $40,000,000 for a company with a P/S of 1/3 and negative earnings!!! Yah buy and load up all you want cause common sense says this is a BIG POC STOCK masked by a very slow growing unprofitable business!! I believed in this company when I thought the O/S was going top be 25,000,000 shares not 125,000,000 and BALLONING FAST!!
FYI this isn't scaring anyone you manipulating twits!!! how about taking it down to a nickle!!
Otherwise we just hang till the news comes out!!
1.25 this summer!!!!
mark It!!
So what they basically told you was the same thing they said this time last year, and have done absolutely nothing because they are boxed into a corner with Zero options left, and with their current burn rate have no chance of keeping the lights on long term!!
Sound like Bankruptcy to me!!! Wow that is the most work the company has done in months!! I guess that justifies a $300,000/ year salary for the CEO!!
Guaranteed this is going down!
I would think so!!! I can almost guarantee you that the legal advise they got after former employees and suppliers who didn't get paid started sueing, was to stop putting out any news!!! Even the SEC filings which are required by law say absolutely nothing about the future of this company!! Maybe because thay have no future!!
This one is gong down hard now!!!
Bankruptcy likely the next step here IMHO!!
maestro
Slow Bleeder Here!!!
should be back in the teens Friday, or next Monday at the latest!
Live and learn!!
really they didn't have some court settlement where some moron miscaculated the damages and the stock sold off!! What was it again a marksmen hearing!! bottomline what is gonna move this stock cause it doesn't look like a buy to anyone on this planet anymore!! Whya re you not able to answer this basic guestion, since it is part of any basic DD you do before buying anything!!
Sorry about my tone, but I do not hang out here and disect every little piece of news that comes out!!! i have a life and I only want to make money!
Did he also tell you do not get too close to the edge or your in for a hellava fall!!
Go for it, buy all you want at $20,000,000, and then clue into the fact that these guys lost $2,000,000 last year and are gonna do more financing which mean $20,000,000 is $25,000,000 Wouldn't be suprised if the CEO and managers unload shares above 0.0001 or 0.1811!!
Have Fun hope you make a fortune at others expense!
Question For The Board Here - As many know I was a shareholder here before the the settlement with Google, where I made some nice profits on the runs and got out before and after the news. My question is what is the catalyst that people are looking for here before this will be a buy again??
TIA maestro