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yield, good catch.. obviously I did not drink enough coffee because I missed the $75-$100 million sentence.
I am only making sideways market moves at the moment. Would have to sell something to buy more and I have enough EKCS to make me happy if it goes to $3.00 or more on great earnings from that contract.
CFSG
China Fire & Security Group, Inc. Announces First Quarter 2007 Results
Monday May 14, 9:01 am ET
First Quarter and Recent Highlights:
-- Revenue Increased 43% year over year to $9.5 million
-- Income from Operations increased 55% to $3.3 million with Operating Margins improving 2.7% versus Last Year to 35%
-- Proforma EPS Improves 33% to $0.12
-- Company signs Amendment with Series A and Series B warrant holders leading to the Elimination of the Change in Fair Value of Derivates from Income Statement beginning in the Third Quarter 2007
-- Four New Board Members added to Complete Independent Board, Company Applies for Nasdaq Capital Market Listing
BEIJING, May 14 /Xinhua-PRNewswire/ -- China Fire & Security Group, Inc. (OTC Bulletin Board: CFSG - News) "China Fire", a leading industrial fire protection products and solutions provider in China, today announced their financial results for the first quarter ending March 31, 2007.
For the first quarter of 2007, revenue increased 42.8 percent to $9.5 million compared to $6.7 million for the same period in 2006. This increase was a result of improving sales execution and further penetration of the Company's customer base in the iron and steel industries while continuing to successfully deliver more products and total solutions to industrial customers. Total solutions accounted for 76.6 percent of revenue with product sales representing 22.1 percent and maintenance comprising the remaining revenue. Gross profit was $5.0 million during the first quarter 2007 compared to $3.5 million last year, an increase of 42.7 percent. Gross margins of 52.8 percent were unchanged versus last year but improved sequentially as the Company sold a higher mix of proprietary products compared to the fourth quarter of last year.
Operating expenses increased 24.5 percent to $1.7 million for the first quarter compared to $1.4 million last year with the year over year increase primarily related to higher public company expenses. Income from operations was $3.3 million, representing a 54.7 percent increase from the same period last year. Operating margins for the period were 34.5 percent compared to 31.8 percent in the first quarter of 2006 as the Company focused on controlling costs and improving profitability.
During the first quarter of 2007 the Company recorded a gain of $0.8 million which was related to the partial reversal of the change in fair value of derivative charges associated with the Company's Series A and Series B warrants incurred in the fourth quarter of 2006 as compared to no such gain last year. Net income for the period was $4.1 million compared to $2.2 million, an increase of 89.0 percent with weighted average per fully diluted share increasing 66.7 percent to $0.15 compared to $0.09 last year. Excluding non- cash benefits proforma net income was $3.3 million for the first quarter 2007 or a 33 percent increase to $0.12 per weighted average fully diluted share. As of the end of the quarter the Company had 27.0 million fully diluted shares outstanding.
"We are pleased to sign the amendment with our shareholders in regards to the Series A and Series B warrants to remove certain stipulations that were forcing us to count the warrants as derivative instruments," Mr. Lin continued. "Cumulatively between the fourth quarter of 2006 and the first quarter of 2007 we incurred $0.8 million in non cash expenses related these items. With this liability now removed we anticipate the elimination of these non-cash variables beginning in the third quarter of this year thus making it easier for investors to discern our financial progress."
The Company ended the quarter with a strong financial position. Cash and restricted cash totaled $10.7 million on March 31, 2007. Current assets increased 6.3 percent to $46.4 million versus last year with the Company reporting working capital of $26.6 million. The Company has no long-term debt with shareholder's equity of $29.5 million.
"The pace of business through the first quarter has tracked in line with our internal expectations and is consistent with our "make good" target for 2007 of $13.0 million in net income and $0.46 per fully diluted earnings per share," Mr. Lin concluded. "As we look forward we anticipate signing new contracts with customers while expanding our product portfolio and increasing our domestic market share."
Teleconference Information:
The conference call will take place at 4:30 p.m. EST on Monday May 14th, 2007. Interested participants should call 866-406-5369 when calling within the United States or 973-582-2847 when calling internationally. There will be a playback available until 11:59 p.m. eastern time May 21, 2007. To listen to the playback, please call 877-519-4471 when calling within the United States or +1-973-341-3080 when calling internationally. Please use pass code 8789379 for the replay.
This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://viavid.net/dce.aspx?sid=00003F2F or at ViaVid's website at http://www.viavid.net . The webcast can be accessed through June 14, 2007.
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc., through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Sureland Industrial Fire Equipment (Beijing) Limited ("Sureland Equipment"), is engaged primarily in the design, development, manufacture and sale in China of a variety of fire safety products for the industrial fire safety market and the design and installation of industrial fire safety systems in which it uses its own fire safety products. It also provides maintenance services for customers of its industrial fire safety systems.
Headquartered in Beijing with over 30 sales and project offices throughout China, Sureland markets its industrial fire safety products and systems primarily to major companies in the iron and steel, power and petrochemical industries in China. It is developing and expanding its business in other industrial sectors including transportation, wine and tobacco, vessels, nuclear energy, and public space markets.
Cautionary Statement Regarding Forward-looking Information
This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" contained in China Fire & Security Groups' public filings with the SEC.
CHINA FIRE & SECURITY GROUP, INC. AND SUBSIDIARIES
(FORMERLY KNOWN AS UNIPRO FINANCIAL SERVICES, INC.)
CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2007 AND DECEMBER 31, 2006
A S S E T S
March 31, December 31,
2007 2006
Unaudited
CURRENT ASSETS:
Cash $ 9,921,357 $ 9,426,091
Restricted cash 733,079 1,622,833
Accounts receivable, net of allowance for
doubtful accounts of $1,372,329 and
$1,252,947 as of March 31, 2007 and
December 31, 2006, respectively 14,679,031 13,262,040
Accounts receivable - related party 336,433 333,056
Notes receivable 984,200 903,425
Other receivables 1,338,849 785,111
Other receivables - related party 90,920 90,008
Inventories 3,549,366 4,190,830
Costs and estimated earnings in excess of
billings 9,846,489 9,020,122
Employee advances 1,999,290 1,648,560
Prepayments and deferred expenses 2,931,053 2,396,571
Total current assets 46,410,067 43,678,647
PLANT AND EQUIPMENT, net 3,669,210 3,529,808
OTHER ASSETS:
Deferred expenses - non current -- 40,830
Investment in Tianjin Fire Safety Equipment
Co. Ltd. 506,371 501,288
Intangible assets - land use right, net of
accumulated amortization 560,554 558,255
Total other assets 1,066,925 1,100,373
Total assets $ 51,146,202 $ 48,308,828
L I A B I L I T I E S A N D S H A R E H O L D E R S' E Q U I T Y
CURRENT LIABILITIES:
Accounts payable $ 4,830,955 $ 5,796,979
Accounts payable - related party -- 320,754
Customer deposits 5,193,027 2,713,451
Billings in excess of costs and estimated
earnings 6,886,639 8,867,624
Other payables 620,901 388,434
Other payables - related party 523 50,523
Accrued liabilities 2,139,075 1,891,628
Taxes payable 159,084 619,949
Total current liabilities 19,830,204 20,649,342
DERIVATIVE INSTRUMENT LIABILITIES 1,846,648 2,680,811
COMMITMENTS AND CONTINGENCIES -- --
SHAREHOLDERS' EQUITY:
Common stock, $0.001 par value, 65,000,000
shares authorized, 26,461,678 shares
issued and outstanding 26,462 26,462
Additional paid-in-capital 13,458,171 13,393,171
Statutory reserves 3,728,127 3,728,127
Retained earnings 10,895,509 6,765,393
Accumulated other comprehensive income 1,361,081 1,065,522
Total shareholders' equity 29,469,350 24,978,675
Total liabilities and shareholders'
equity $ 51,146,202 $ 48,308,828
CHINA FIRE & SECURITY GROUP, INC. AND SUBSIDIARIES
(FORMERLY KNOWN AS UNIPRO FINANCIAL SERVICES, INC.)
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006
(Unaudited)
2007 2006
REVENUES $ 9,499,460 $ 6,654,350
COST OF REVENUES 4,483,555 3,138,374
GROSS PROFIT 5,015,905 3,515,976
OPERATING EXPENSE
Selling and marketing 551,410 581,900
General and administrative 1,011,044 501,729
Depreciation and amortization 126,483 136,889
Research and development 50,295 176,972
Total operating expense 1,739,232 1,397,490
INCOME FROM OPERATIONS 3,276,673 2,118,486
OTHER INCOME (EXPENSE)
Change in fair value of derivative
instruments 834,163 --
Other income, net of other expense 19,280 99,101
Total other income (expense) 853,443 99,101
INCOME BEFORE PROVISION FOR INCOME TAXES
AND MINORITY INTEREST 4,130,116 2,217,587
PROVISION FOR INCOME TAXES -- 13,656
NET INCOME BEFORE MINORITY INTEREST 4,130,116 2,203,931
MINORITY INTEREST -- 18,890
NET INCOME 4,130,116 2,185,041
OTHER COMPREHENSIVE INCOME
Foreign currency translation
adjustment 295,559 87,684
COMPREHENSIVE INCOME $ 4,425,675 $ 2,272,725
WEIGHTED AVERAGE NUMBER OF SHARES - BASIC 26,461,678 24,000,000
WEIGHTED AVERAGE NUMBER OF SHARES -
DILUTED 27,001,528 24,000,000
EARNING PER SHARE - BASIC $ 0.16 $ 0.09
EARNING PER SHARE - DILUTED $ 0.15 $ 0.09
For more information, please contact:
Matt Hayden
HC International
Tel: +1-858-704-5065
Brian Lin, CEO
Chine Fire & Security Group, Inc.
Tel: +86-10-8589-7509
That would make Savage a Half-Wit!
Got this from the broker I used when I sold out of Florida:
It is with much excitement that SKY Sotheby’s International Realty and JP King Auctioneers will present the Spring Collection of luxury properties for immediate sale this coming week in Sarasota, Florida. There are approximately 25 properties that will be presented at the Ritz Carlton. Many will be sold on an absolute basis and others that are offered with a reserve amount, are still fabulous buys as those reserve amounts are typically in the range of 50-70% of list price. Never before has there been such an opportunity for buyers to purchase at these prices.
We have compiled an easy reference to these properties and have attached them to this email in order to make it easy for you to take a closer look at what is available. Please look at each of these and let us know if you have interest in bidding as there are wonderful incentives available for the people that do put in opening bids 48 hours ahead of the actual event.
Is Sonic drive in open 24/7?
I could see you carb loading for 3 hours.
I would ask were you;
a. driving home at night?
b. driving home in the morning?
c. or is your commute so long that you spanned both a & b ??
a little Friday riddle LOL
Saw your BABB post on VMC, forget it. A very bad way to park cash in my opinion. The one BABB store I was in was not well run and the bagels don't taste like bagels. But then again, most bagels don't taste like bagels.
During the recently completed quarter, we revised and updated certain agreements that can potentially result in significant business for us. In December 2006 we entered into an agreement with Hyundai Syscomm Corp., a California based company (“Hyundai”) engaged in wireless mobile communications equipment, pursuant to which Hyundai is to provide to us at least $25 million of purchase orders for security worthy assets (including video surveillance systems) on terms beneficial to both parties on or prior to June 30, 2008. We entered into the agreements with Hyundai to explore the possibilities open to us in the Asian markets, where we do not have a significant presence.
In addition to the agreements with Hyundai, in April 2007 we received notice from Lockheed Martin Information and Technology Services that we have been awarded one of four prime contracts by the U.S. Navy on the Anti-Terrorism Force Protection (ATFP) NAVFAC Program to secure 54 United States naval bases over five (5 years. This program includes a 40% “Qualified Small Business Set Aside.” The Department of Defense has earmarked $100,000,000 in funding under this program for fiscal 2008. Task orders are expected to be issued in the quarter beginning July 1, 2007. Lockheed Martin has already submitted subcontract agreements to ECSI as a key small business team member on this five-year security upgrade program.
Further, the Company has entered into a NDA as a Small Business technology supplier with Raytheon Corp. on the U.S. Navy Five (5) year ATFP- NAVFAC program addressing CONUS-OCONUS facilities. The Company has also entered into a NDA and Technology Supply Agreement with Vindicator, a wholly owned subsidiary of Honeywell Corp. for two of its proprietary product lines.
The United States Air Force has issued additional task orders to the Company in excess of $1 million under the existing IBDSS contract which we anticipate will be shipped and invoiced toward the end of our 2007 fourth fiscal quarter (which began on April 1, 2007) and the first quarter of our fiscal year 2008 (which will begin on July 1, 2007).
4
We entered into a teaming agreement with KBR - E2 - SGE to pursue the DoE-NNSE Second Line of Defense program for installation of our core security technologies for port security worldwide. In addition, we also entered into a teaming agreement with Secure Global Engineering (SEG) to supply security technologies for United States embassies worldwide.
10 bagger: I am surprised you have stuck with ETRADE. They were always a problem for me and others. Especially on BB stocks.
OT 10bagger: Why would you complain? You should consider yourself lucky to get out with such a small loss. You should know better than most that stops are not guaranteed.
6 held in plot to hit Fort Dix
By Jerry Seper
THE WASHINGTON TIMES
May 9, 2007
http://www.washtimes.com/national/20070509-121340-6717r.htm
With publicity about these kinds of terror attack attempts, one would think that EKCS would be showing some volume and price appreciation. The systems they design, manufacture and sell are made to thwart intrusion by terrorists.
not responsive.. idiot
"no threat here?" Exactly, if we stay in IRAQ they won't follow us over here! LOL
Obviously being in IRAQ did not cause these 6 people to run over and take some pot shots at our guys/gals in IRAQ.
We are playing a fools game in the middle east and at some point the evil axis guys will have infiltrated in the US of A and do some real damage while Bush & Co. are stuck in the mud (sand) in IRAQ/IRAN or where ever they push us into.
OTC you have some decent ideas, however they get muddled by the Conservative agenda that you stick to religiously. Not all indep. & liberals are wrong.
UTVG: If I recall, a major pump mailer combined with a non DTC transfer set-up means a hard to short stock.
not sure KIK, but a pm with your underfollowed companies would make me feel good! LOL
1. Does this mean that you will be compiling a running daily database of stocks that meet the threshold of $5,000 daily volume? LOL, just pulling your leg of course!
2. Think of what you have done. All those unknown unloved companies that were waiting to be discovered and brought to life by KIK or some other VMC'er will now stay dormant till the end of time. Shame on you Lentinman, axis of evil member! LOL
It all depends on your political persuasion. Paul was the only one I saw with a backbone. The rest seem to be the usual lying con artists. OK, maybe Gilmore is what he appears to be... he is pure conservative ... never have seen him waver.
I can't imagine with IRAQ still in the mix, that Americans would vote for one of those idiots.
If I thought Ron Paul had a chance I might go for him , more than likely I will look elsewhere.
yuck
The Bush administration blasted the Dems & Pelosi for going to Syria! What a bunch of idiots!
Historic meeting with Rice ends Syria's diplomatic isolation
By Rupert Cornwell
Published: 04 May 2007
The Bush administration has ended its diplomatic quarantine of Syria by having the Secretary of State meet her counterpart from Damascus during a conference in Egypt that the US hopes will be a first step towards restoring stability to Iraq
The move is a sharp reversal of strategy, given the invective that the White House only last month was pouring on a trip to the Syrian capital by Nancy Pelosi, the Democratic speaker of the House, and its criticism of visits by other members of Congress, Democrats and Republicans alike.
But, as Iraq has descends into chaos and even US generals admit there is no military solution to the conflict, pressure has intensified on President George Bush to abandon his long-standing refusal to engage directly with Syria and Iran - neighbours of Iraq whether he likes it or not, and whatever his objections to their policies. Such contacts were strongly urged by the bipartisan Iraq Study Group in its report last December, but at the time were brushed aside by Mr Bush.
Ms Rice held the ice-breaking, 30-minute bilateral session yesterday with Walid al-Moualem, the Syrian Foreign Minister, who was escorted into her presence by the Egyptian Foreign Minister. The meeting, the first of its kind in two years, was "frank and constructive," Mr Moualem told reporters afterwards. Ms Rice described it as "businesslike and professional."
For their part, US officials insisted the talks dealt exclusively with the vexed issue of transit and sanctuary for foreign fighters and insurgents, and not with Syria's involvement in Lebanon and its suspected hand in the 2005 murder of the former prime minister Rafik al-Hariri.
Not by coincidence, US commanders claim that Damascus is indeed doing more to stop the flow of fighters into Iraq. "There has been some movement by the Syrians over the last month," Maj-Gen William Caldwell, the chief US military spokesman in Baghdad, said hours before Ms Rice and Mr Moualem met.
However, the prospect of a similar encounter between the Secretary of State and her Iranian counterpart, Manouchehr Mottaki, is far more uncertain. The pair apparently exchanged pleasantries during lunch after the opening session of the two-day conference, but did not discuss politics. "They said hello. It was not about substance," Sean McCormack, Ms Rice's spokesman said.
The caution underscores the depth of the generation-long rift between Washington and Tehran. The US has been without an ambassador in Damascus since February 2005, but it has not had formal diplomatic relations of any kind with Tehran in almost 30 years. The two are at odds not merely over Iraq, but over Iran's suspected nuclear weapons ambitions, and its support of what the US considers terrorist groups in the Palestinian territories and Lebanon.
The "will they-won't they" diplomatic dance between the US and its two traditional rivals in the region has dominated proceedings at the Red Sea resort of Sharm-el-Sheikh. These are also focussing on aid and debt relief to Iraq, in return for precise economic commitments by the government of Nouri al-Maliki.
Casting a shadow over the entire exercise are doubts about the ability of Mr Maliki to bridge sectarian divides and create a viable political framework for his country. In a pre-conference meeting, Ms Rice bluntly told the Prime Minister he must do more to speed reconciliation between Sunnis and Shias.
Meanwhile, signs are emerging here of a compromise between the White House and the Democrat-controlled Congress on the $124bn (£62bn) Iraq and Afghanistan funding bill vetoed on Tuesday by President Bush.
The Democrats are signalling that they will no longer include specific target dates for a US troop withdrawal in a new bill. Instead they will seek benchmarks linking funding to progress by the Iraqi government on major issues. Many Republicans support a measure along these lines.
Pretty much sums up my thoughts. I can't imagine sacrificing my child for this . . .
COMMENTARY
Bush determined to prolong lost war
By JOSEPH L. GALLOWAY
McClatchy Newspapers
The time for bumper-sticker bombast, sound-bite strategizing and gotcha politics as practiced by the politicians who infest the nation's capital needs to end right now, at least where it intersects with the disaster that is the Iraq War.
There's no high ground left to capture by either a stubborn president who won't see or hear the truth about where his path to "victory" in a lost war really leads, or the new Democratic majority in Congress, which is too timid and fearful of doing what they were elected to do - bring an end to the war as swiftly as possible.
While the politicians - a pox on all of them - wrangled and dithered and bloviated American troops were dying at record numbers on the bomb-blasted roads and streets of Iraq. The month of April saw 104 American soldiers and Marines travel home in flag-draped coffins, out of sight of the cameras and the American people in whose name they died. It was the sixth highest monthly death toll of the war.
This past week was a circus of the ridiculous as President Bush went on television every day threatening to veto a bill providing the billions needed to continue to prosecute his war - only the second veto The Decider has exercised in his six years in power - on grounds that the Democrats were trying to substitute the judgments of politicians for that of the military commanders on the ground.
Bush's daily diatribe overlooked the fact that the politicians of his administration had shoved their own flawed judgments down the throats of our military commanders every day since planning of the invasion began early in 2002.
The Democrats had already tinkered with their war-funding bill to remove mandatory guidelines for the beginning of troop withdrawals, making them more of a suggestion than an order. But that wasn't enough for the president, who demanded a "clean" bill with only the money he wanted to continue the war.
The moveable deadline for some determination of whether the president's surge, or escalation, of U.S. troop strength in Iraq moved yet again as our commander Gen. David Petraeus told Congress that it would probably be September before we had a good idea whether the new-old strategy was working or not.
And if that strategy is not working when September rolls around? That would not mean the war was over, administration officials hinted. They will think up something else to try.
The president is determined to continue the war, no matter what, until he can safely hand over the whole mess to whoever succeeds him on Jan. 20, 2009, no matter the cost in American and Iraqi lives.
The Democrats in Congress want to end it, but fear stepping into a Karl Rove bear trap that leaves them open to charges that they abandoned U.S. troops on the battlefield without the money to fight.
They don't want to end up on the wrong side of that bumper sticker that says "Support Our Troops" with the 2008 election coming up fast.
This overlooks the fact that the greatest possible support for our troops, in the situation at hand, would be to get the growing number of young American men and women out of the line of fire in a religious civil war that Bush and his minions unleashed with an unthinking and inept leap into the quagmire that is Iraq and the Middle East.
If the American people buy this final Roveian lie and go to the polls next year believing it was the Democrats who failed our soldiers by ending the war, including by cutting off all funds for that war, then we deserve the government we get.
Bush - who vetoed the Iraq funding bill on the fourth anniversary of his infamous "Mission Accomplished" speech that declared an end to combat in Iraq on an aircraft carrier off San Diego - seems ever-more divorced from reality as he heads into the final 20 months of his time in office.
The bumbling incompetence of his appointees and cronies, not to mention their corruption, is revealed by the day. His lawyer buddy from Texas, Attorney General Alberto Gonzales, can't remember anything he did or didn't do in his busy days at Justice. The White House can't remember what it did with 5 million e-mail messages. Rove, the president's brain, and GOP political appointees throughout government didn't remember that the Hatch Act prohibits doing political work on government time and in government facilities.
Perhaps, with the passage of the years, the American people will be able to forget that they voted in a president and an administration that visited so bitter a harvest and so sordid a legacy on them. Not once but twice.
---
ABOUT THE WRITER
Joseph L. Galloway is former senior military correspondent for Knight Ridder Newspapers and co-author of the national best-seller "We Were Soldiers Once ... and Young." Readers may write to him at: P.O. Box 399, Bayside, Texas 78340; e-mail: jlgalloway2@cs.com.
Stinkeye: Your posts were well appreciated. Post here more often with the good, bad & the ugly!
I don't disagree with you, just pointing out that it could be retail, a promoter, a market maker...
fyi, ARCA .. I can enter ARCA buys and sells all day long through Schwab. Takes me 5 seconds. Could be anyone reading this board doing the sells.
Could be me! It is not, but it could be ...
The one thing that is not mentioned on this board is that DPDW will be using the stock as tender for acquistions! If the stock price is $1.50 instead of $.47, it buys a lot more of another company for less stock. It is in managements interest to responsibly promote the company!
I am not a technical trader, the fundamental equation above is what keeps me in the stock! The day to day stock price up and downs is a distraction. fuggedaboutit
wrong, trading does not work like that. whoever you did the trade through most likely had the odd lot of shares to dump on you.
SWTX: Seemingly in a turnaround, SWTX has reported a profitable Q and moved its manufacturing offshore. Could also become a nice China play!
As I recall once a board favorite in the Raging B days...
http://biz.yahoo.com/bw/070430/20070430006149.html?.v=1
Hopefully the IR people and some PR people will attend and do some talking to potential investors, acquistion targets, etc.
About OTC
Founded in 1969, the Offshore Technology Conference is the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston.
OTC ranks among the largest 200 trade shows held annually in the United States and is among the 10 largest meetings in terms of attendance. Attendance consistently exceeds 50,000, and more than 2,000 companies participate in the exhibition. OTC includes attendees from around the globe, with more than 110 countries represented at recent conferences.
OTC is sponsored by 12 industry organizations and societies, who work cooperatively to develop the technical program each year. OTC also has two endorsing organizations and six supporting organizations.
OTC is governed by a Board of Directors made up of 13 representatives, 11 from OTC's sponsoring organizations and two from OTC's endorsing organizations.
MDF: Price is now approaching the point that I was looking for to get back in. However now I am chickening out. Anyone have a clue as to why Finnel really left the company?
TIA
15 MM's with 37,000 shares short on a $.45 stock is meaningless. I think that DPDW is overly concentrated with IHUBBERS and has not been shown to the rest of the world yet. When they start showing the company to other brokers and investors we should get a liquidity and price movement. Until then I think we are just trading amongst ourselves.
I will buy more if it hits my target price which is. . .
McCain reminds me of Slim Pickens in Dr. Strangelove, sitting on the bomb while it drops from the plane.
I can't think of one good reason to vote for him.
10K/A
We are filing this Amendment No. 1 on Form 10-KSB for the period ended December 31, 2006 for the purpose of amending certain information appearing in the 10-KSB in Item 2 Management's Discussion and Analysis, Proforma results of operations section, Part II Item 8A, and note 9 to the financial statements. In Item 2, Adjusted Proforma net income for the period ended December 31, 2005 was amended up from $601,839 as previously filed, to $839,269, and adjusted Proforma EBITDA was amended up from $1,053,328, as previously filed, to $1,290,758. Item 8A erroneously reported that management felt that internal controls were effective. While conducting the audit of the financial statements as of and for the period ended December 31, 2006, our independent auditors found numerous audit adjustments that indicated a material weakness in our controls over financial reporting. It is our plan with additional funding to devote more resources to this very critical function. Note 9 to the financial statements includes additional information regarding the treatment of Series D and F preferred stock as temporary equity.
PDNL: Hi all... I have owned a few shares of PDNL and have over the years been reversed to almost NIL. Finally a bid showed up recently. Not sure what is going on, but have to assume they will eventually do something with this shell. Can't be much of a public float left anymore.
FWIW
Bush: Americans didn't vote for 'failure'
Iraq bomber kills 9 US soldiers
Failure is what we have got. Should not have started it, should not continue it. Send your daughters over to IRAQ and maybe some of us will think you actually believe what you say.
Bush brain has been flying at half-mast for along time!
In your situation I would average cost myself into the stock. Maybe 25% of your total at one time and buy more on dips or scale up. Hard to say, depends on your own financial situation.
Or you can wait and buy mine @ $3.00... (G)
littlefish: There are some many possible things going on. No real way to know. One bad explanation is that a promoter is making trades back and forth to walk the price up. Has been done since stock markets have existed. Read "A random walk down wall street" for a good primer on all that kind of action.
Back when I was doing some OTC Market Making we used to work for 1/32 on a cross trade. Now they seem to do it for $.01 per share.
EKCS: Depends on the volume of the sub contracts and the margins. If they are outrageously profitable, the stock could actually break back into the $3.00 range and above.
If the Hyundai deal that they did was REAL, then the two contracts would bring them a major amount of revenues and profits. For that to happen it would mean that I would have to be out of the stock. LOL
I have no real target. It all depends on what they have going.
littlefish: MM's are not usually investors. They are facilitating buying & selling and trying to make a BIG buck in the process. If someone puts in a sell order @ $.61 and they have a buyer @ $.62, then it is an easy trade for them.
Trying to figure out who is selling will drive you nuts. The big guns NITE, UBSS, etc. have a lot of retail order flow and deals with many other brokerage firms. They do very well.
EKCS.. big volume for them today 100K +, no news yet! traded between 1.00 - 1.13
DEEP can't hurt, however keep in mind that they do a much bigger volume of business and are not exactly the same kind of company.
from DEEP:
"We expect that our revenues for the first quarter of 2007 will be in the range of $50 million to $53 million compared with $49.4 million in the first quarter of 2006 and $69.0 million in the fourth quarter of 2006. We expect that our income from operations for the first quarter of 2007 will be in the range of $9 million to $12 million compared with $18.7 million in the first quarter of 2006 and $14.8 million in the fourth quarter of 2006."
SSKILLZ1: QID / RSI .. I am not much of a technical trader. I am curious if you feel that RSI for an individual stock is a comparable indicator when dealing with an ETF such as QID or any other basket of many stocks.
Actually is technical chart reading the same for index work as it is for individual issues?
TIA