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I agree that it is just a matter of time, but we need that big deal, either goverment, auto, cargo, etc. Something with an initial order of over 10,000 CT's involved to make this company profitable to where we see something for our money invested.
Check out this other company I'm in and the revenues their anticipating. We need some big deals like this to make it. EFOT.
I am done until they can show me a positive quarter. I have done my share, but I had to stop somewhere.
Let me add to that, also until they stop selling shares.
"May were 491 units and with accessories revenue for the month was about $255,114.59."
was about $255,114.59 LOL was about to the penny.
Using my old calculations here is my best go at it.
If anyone has any disputes, please let me know, like I said, I am no expert here. Still learning this stuff. Of course these numbers also exclude hype and demand. One other thing I am uncertain about is yearly service and maintenance fees for our company. I haven't seen Edward mention these anywhere, but these would definately bring up the net profit margin to a higher %. Also, the more we sell, the greater the profit margin due to not as much of an increase in S&G costs. I haven't factored any of this into my calculations below.
$175,000,000 x 15% profit margin = $26,250,000
Outstanding shares = 50,000,000
EPS: $1,875,000/50,000,000 = .5250/share
Assuming a PE ratio of 25 unsure (10-40 market range)
.5250 * 25 = $13.125
$175,000,000 x 20% profit margin = $35,000,000
Outstanding shares = 50,000,000
EPS: $2,500,000/50,000,000 = .70/share
Assuming a PE ratio of 25 (10-40 market range)
.70 * 25 = $17.50
Assuming that we would have a larger profit margin as Selling and General Expenses would not increase at the same rate as revenue.
$175,000,000 x 30% profit margin = $52,500,000
Outstanding shares = 50,000,000
EPS: $5,000,000/50,000,000 = 1.05/share
Assuming a PE ratio of 25 (10-40 market range)
1.05 * 25 = $26.25
I like how he so calmly says, "That is all for now."
Wow, that government deal would be a dream come true.
NEWS 6/1/07: Continuing Updates
Sorry guys hadn't checked my email in a couple of days, was I suprised to see this sitting there.
Dear Fellow Stock Holders:
Sales in the United States continues to remain slow. There is nothing wrong with the product but I am beginning to learn if I have a big name behind us it will definitely sell. I am now trying to adopt a different tactic. I am going to try to woo a major name to take on our product because big name companies can sell almost anything. There was a discussion about hiring a National Sales Manager. He is one of our stock holders who have been National Sales Manager for numerous years and retired. At the moment he is on vacation and when he comes back I will plan together a plan and let you all know.
Sales in the overseas market continue to impress. Like I have mentioned before I don’t care where I go but I will go the place that will generate revenue. Fortunately the place appears to be China – uncompromisingly the world’s largest market. We have appointed an agent to distribute our product in China. We have been promised (I repeat PROMISED) sales in China to be around $150 million over the next 12 months. This is very possible in view of the demographic set up of the hospital system in China. Chinese hospitals are State-Owned although there are also numerous private hospitals. There are over 10,000 hospitals in China with at least 2000 of them equipped with CT Scans and MRI equipment. In China normally when you strike a deal with the Government it is usually for all the hospitals. As usual connections are important to close any deal in China. This week I will be traveling to China to meet some of the hospitals and to present our product.
We continued to do well in the Philippines. We are about to set up a link between two major hospitals in the Philippines so that our system will work like a PACS system. We will link the Heart Hospital and the East Ave hospital for this set-up. At the same time we will also set up a system at St Luke Hospital – a very private hospital. I will also be visiting Philippines during this trip.
We also have appointed an agent in Malaysia and Thailand. We will continue to appoint more agents and distributors in Asia and Europe. If there is anyone of you who knows anyone please let us know. We will be very happy to make contact with them. Agents and distributors must have experience in distributing medical supplies to hospitals.
Work is still in progress concerning our plans to list the stock on the market at the end of September.
That is all for now.
With Warmest Regards
Edward Tan
CEO
They had 300 mentioned in the 1st Quarter for backlogged orders.
Nice post. Things have definitely turned around for this company, not too many in the stock world get to witness the likes of what we will hopefully see, if everything goes as planned. Outlook for the end of this summer could be good, don't think I have ever wished for a summer to go by quick, but in this case, I am anticipating the summer's end. GLTA investors and your families.
1,000,000 CTs
I think I already did the math for breakeven, and it was like 2,400 month. So that will be about 28,800/year. This is assuming that they can't reduce expenses even further. 1,000,000??? Were did you come up with that number??? Oh I know, it is what you would like for us all to believe.
If this statement is true. "No poster on this board is going to make the price of HISC go up or down."
Then why are their known paid bashers and pumpers??? Are there a lot of idiots just wasting their money on those in this career field???
Sounds like an opportunity for us in China!
US Hears Blunt Trade Warning From China
Tuesday May 22, 12:35 pm ET
By Martin Crutsinger, AP Economics Writer
Chinese Official Warns U.S. Against Making Trade Disputes Political
WASHINGTON (AP) -- The United States and China opened a new round of high-level economic talks on Tuesday with the leader of China's delegation bluntly saying that any effort to politicize economic differences between the two nations was not acceptable.
The Bush administration was pushing for concrete results to show to an increasingly restive Congress, where lawmakers blame America's soaring trade deficits and the loss of one in six manufacturing jobs since 2000 in part on China's trade practices in such areas as currency manipulation and copyright piracy.
But in opening remarks delivered in an ornate government auditorium decked out in flags from both nations, Chinese Vice Premier Wu Yi cautioned the United States against pursuing a blame-game.........
China in recent days has made a number of moves in an effort to defuse American unhappiness. In addition to announcing the slight change in its currency band, China earlier in the month said it would purchase $4.3 billion in American high-technology products and in recent days announced that it would invest $3 billion of its $1.2 trillion in foreign currency reserves in Blackstone Group LP, the second-largest U.S. private equity firm.
Cost of Goods Sold/Unit
Ok, I did some more calculating based on a CT sale price of $519. The Cost of Goods Sold/Unit (341 units sold 4th Qtr 06) was $420/unit leaving a gross profit of $99/unit. The Cost of Goods Sold/Unit (639 units sold 1st Qtr 07) was $368/unit leaving a gross profit of $151/unit. Very nice improvement. I could live with that, but we still need more unless we can get the the SG&A down lower because I don't think we should have to sell 2400 units/quarter just to break even. Keep working on it Freddy, and let's see some big sales.
That just shows me that they were being really honest in their PR of those figures. Only reporting 826,000 million because it was net.
I think I can clear this up. The revenue for sales of the sniffers, if any, would have been reported in the 4th quarter, the balance of inventory for sniffers at 12/31/06 was already $62,740, same as 3/31/07 amount.
Don't have many posts left, so going to talk more about the financials here.
1. Accumulated Depreciation didn't increase this quarter. Still $97,538 this quarter, same as 12/31/06 amount. I don't think all of their equipment could be fully depreciated yet.
2. Capitilized CT Development only increased by $1,171 this quarter. So development costs for the CT may be in the Cost of Good Sold or S&GA costs yet. Means there is still room for improvement in one of those areas. Because I would expect that the GSM development would be more than $1,171 during the quarter.
3. $500,000 Investment in EVSI was removed from Other Assets during the quarter. Shares of EVSY changed hands here.
4. Accrued Payroll Taxes of $236,731 still haven't changed since 9/30/2006. Don't understand this one, don't see how this is possible. And Payroll Tax Liability didn't change from the 12/31/06 amount of $199,340
5. Due to EVSI current liability of $20,000 was eliminated, and Due to EVSI long term liability of $150,000. As well as the $490,000 Payable to Big Appple. Of course shares of EVSY changed hands here to eliminate.
Also I don't think anyone pointed this out, but the number of common shares converted was 467,482,600 million more than they reported in their April 5th PR of 826,000,000.
I am trying to pull up some of the previous financials for comparison, but no luck, pinksheets has been bad for me lately. I am an Auditor by trade, but for a not-for-profit hospital so a little different than these public companies.
You think that some of the extra revenue you are seeing could be monthly residuals from Actsoft or others.
Thanks for confirming that Ward. That had me worried too, because that was a potential 2K - 3K order for us, that is what Red posted anyway.
Capt mentioned that this company was from Texas, any coincidence with this and SFI being from Texas though?
FM and BA working on their manipulation plan. Go for it guys, restriction day is coming.
Are sure about these sells, because wouldn't they have had to be reflected in the Revenue? I hope that they are not in there because we won't likely see that revenue again. I thought we had figured the current revenue up to be about $516/CT considering the sales figures for the quarter.
Not completely accurate, missing cash and the total for Total Assets is incorrect, but when added up correctly it does tie to the Total Liab and SE. Shew, and I liked them overall. We still need just more tighting of the budget and some price increases on the CT.
Yes, I saw that too, and thought, Oh No. Wasn't that the website stockperformer just found the other day.
I did the earnings per share based on last years Outstanding shares to get a true picture of where we are and it equated to .0001 loss per share vs. .00096 from last year. That is a good thing and I think a better comparison than what they show.
But can they be better, as you can see from my earlier posts.
I would like to see some detail on those S&GA expenses. $400,000 is still quite a bit quarterly for this company. I have seen some people mention the number of employees on here before, but don't recall if it was everyone or just IT staff. I figured it up, using 25 employees (all expenses for salary, which I know isn't the case) but just for sh**s and giggles. It would be 192,000 a year/employee. Fred you have any positions open? LOL. I know there is no support for this, but just questioning whether there is any more to be taken out of this once we are in full production mode. If not it will take 1.25 million in revenues each quarter just to get to break even each quarter.
Yah, but I think it is better that we are doing it here than at a higher price. I don't want to see him get any more than he deserves. I would buy the full 51,000,000 from him right now, if I had the money to do it.
Your welcome. Right now it is kind of quiet, but things will liven up more in a few months. I will keep it updated with new info as I receive or obtain it. The board is here for the current shareholders who obviously have been in this stock for the long haul, and those that are looking for a new investment. Once things get going, I will be able to appoint some assistant moderators to help keep the board updated. Would you be interested when the time comes? If anyone else would be interested let me know. I will probably only select one or two.
Yah, but who, do you think this is where he picked these shares up at. I highly doubt it, he is taking a loss on these shares, I would venture to guess.
Take your final calc, and subtract 500K and that is where I am at now. That includes my 2 mil from this week.
Yah Cheap,
There has been a lot of crazy talk this week, but we are just having a little fun with it. We all know there is a lot that can go wrong from here on out, we have been through it all. We all also know that there is a lot that has to be accomplished between know and then (however long then may be). At this point we are just enjoying the weekend, having a look forward, so to say, if things go the way we hope. At least that is what I was doing.
LOL, that was a good one Ward. Hey Ward PM me what your last guess of my share count was.
So if the Board continues to be the owners of a majority interest in HISC, that means they actually own a little over 2.5 billion. The thing is, I don't know if the statement Ward was talking about was after or before FM's departure. If before, where are his shares now, and if after, why have they only converted 860 million to preferred? Not that the conversion really makes that much of a difference to us in terms of outstanding. This would make a little more sense if they did indeed still hold 2.5 billion. I am just interested as to whether we have any other huge shareholders out there that we don't know about in the half billion to billion range.
This action reduces the number of outstanding shares to 4,207,586,254, which is more than a 16% reduction since December 31, 2006.
The share reduction was accomplished by Homeland's Board of Directors and former Director, Chris Panel removing common shares and converting them to preferred stock.
"This reduction in common shares increases the value per share," stated Fred Wicks, CEO and President of Homeland. "Although this reduction is a significant step, we are committed to continuing our efforts to reduce the number of shares outstanding."
My question, Who is holding the rest of these 4.2 billion shares? The majority of this had to be FM and Big Apple. There must be some other big holders out there though. I mean this board probably doesn't hold a billion or even half a billion shares, so who are the other big holders.
Hey TRyan,
Hope your averaging down pays off. Seems like the right move right now. I hope so for your sake and alot of others here. That average is pretty nice. I was at that exact point just a week ago. Bought some more this week, now at .003388. Hoping for great things here, especially with good news, if not, maybe hit is big somewhere else. Got several pokers in the fire, a lot like HISC does. I have good feelings about Fred and the gang. Wouldn't it be nice if the delay in 1st quarter financials was for audited financials.
I like the idea of us meeting in Tahiti versus Vegas. One of us in the group would end up blowing all our earnings in Vegas, no doubt. My sang about Vegas is "What money goes to Vegas, stays in Vegas"
After HISC makes it, you will need 4 garages for your family car, sports car, collectors car, and your luxury car.
So I am guessing they have till May 30 to get the financials out. I am confused as to why we are still waiting for them. Numbers appearing everywhere, in PR's on Pinksheets (share situation), but no financials.
You are going to need to make that a 4 car garage someday Wayne.
Actually, wouldn't it be nice if we could just tell it to "Sell itself"
Wasn't it compatible with Map Pointe or something like that. Established its independence by having another software package other than ActSoft