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I think he means the audit due 3/31/11 to shed the STOP sign....NHL, that is the stupid...of course the NHL was in town.,..the NHL Winter Classic took place at Citizens Bank Park in Philly yesterday...Haag is an idiot if thinks this is worthy of news....NHL and TiVUS....ZEROOOOOOOOOOOO connection Steve...ZEROOOOO!
Looks like our volume, cash and soap are all down the drain. Vanished into the cool northern CA breeze making their way to a bank near OH!!! Some new year this will be around here. We are in for more of the same and then will be faced with a major share structure announcement from the company in my humble opinion. Looks as slow as ever around here. Thank goodness this has a major fund behind it....LMFAO!! ROFLMAO!!!
HMMMMMMMMMMM...I have a clue who is loading up on HBRM!!!!
Slow and RED start to the new year. Did you expect something different Hedge?
RICK...holding near $8.50!! Gotta love it!!
Hey..nice board folks. I just stopped by to give it another board mark!!
It is time MT....last 30 minutes gonna be like rodeo sex...hang on big fella!! LMAOOOOOOOOOOOOO
The link to today's (12/29/11) Filings is here....Well worth the wait!
http://www.otcmarkets.com/stock/EXTO/financials
Dec 29, 2011 Initial Company Information and Disclosure Statement- Information Disclosure Statement Sept 30, 2011 Active
Dec 29, 2011 Quarterly Report- Nine Months ending September 30, 2011 Sept 30, 2011 Active
Dec 29, 2011 Attorney Letter with Respect to Current Information Sept 30, 2009 Active
Dec 29, 2011 Attorney Letter with Respect to Current Information Jun 30, 2009 Active
Dec 29, 2011 Attorney Letter with Respect to Current Information
Not at 2. I am ETMM at 3.
WOW...where the heck did this come from? Some serious volume for one buyer.
LOL...heck no! Nice job and congrats to you!!
I see Epic Stocks on it... I get their email alerts...I think they are 3rd party folks though!
I dunno all the who, what and where's, but at 975% gains, it is time to take profits off the table.
I know..this is so much fun. Easy $$$$!!
Freaking huge run today. Could be the end of year play all of OTC is talking about heading into 2012!!
HUGE PROMO ON LDPP TODAY!!
UH OH!! Not the first OTC gig for Mr. Firoz....EssxSport Corp. Appoints Imran Firoz as New CEO
http://findarticles.com/p/articles/mi_pwwi/is_20050229/ai_mark3742661862/
EssxSport Corp. (OTC BB: ESXS) is pleased to announce the appointment of Imran Firoz to Chief Executive Officer. Mr. Firoz has a proven track record in the areas of investment banking, strategic planning and corporate development, mergers and acquisitions, financial structuring and project management.
Over the past 10 years, Mr. Firoz has held a variety of leadership positions across the globe with prominent organizations in Canada, India and the Middle East. He has served on numerous major transactions including as a key member of the lead advisory team on the $10 billion three-way mega gold merger of Newmont-Normandy-Franco-Nevada and advisor to Treasurer of Hydro One on the restructuring and sale of Ontario Electricity Financial Corporation debt of $2.9 billion in the Canadian public debt markets.
Mr. Firoz received his MBA from Richard Ivey School of Business, University of Western Ontario, Canada and has Bachelor of Engineering (Chemical) from Aligarh University, India. Mr. Firoz is a fellow of Global Association of Risk Professionals (GARP), New Jersey and is a certified Financial Risk Manager.
"It is really an honor and privilege to be part of this team. I'm looking forward to be a superb contributor to this organization. I'm really excited for all the stakeholders as this company is committed to enhance shareholder value by diversifying and exploring new business development opportunities in various industries, which will provide profitable growth to our company and strengthen the balance sheet for future strategic acquisitions and investments," Firoz said.
Bruce Caldwell, EssxSport President, stated, "Mr. Firoz brings a wealth of knowledge and a proven track record in areas that will strengthen the leadership of the Company and its new direction! We look forward to his contributions to our team efforts to build the Company."
About EssxSport Corp.
EssxSport sells several lines of sports gear and equipment under the brand name EssxSport. The Company produces and manufactures its own branded products and private labeled products in its two plants located in Fort Worth, Texas, and Sun Valley, California. The Company also contracts with manufacturers for the production of other sports equipment and various other lines, for products used in baseball, basketball, volleyball, and soccer, marketing directly to end-users via the Internet, catalog sales and trade shows. Visit EssxSport online to purchase products at http://www.eonlinesports.com.
ESSXsport Corp. most recently announced the acquisition of 30% of MISS BEVERLY HILLS
MISS BEVERLY HILLS is uniquely positioned to become a premier player in the world of marketing and licensing, with visibility via pageants, model and talent agencies, and numerous licensed product categories. The brand will be licensed in a number of categories including apparel, eyewear, watches, bags, luggage, cosmetics and many other ancillary products. http://www.missbeverlyhills.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products; delays in testing and evaluation of products; and other risks detailed in the Company's information package available upon request from the Company.
Contact: Bruce Caldwell ESSXsport Corp. 817-285-2886 bruce@essxsport.com
Here is my point MT...12/28/11 ~ Form 10-Q for FBC HOLDING, INC.
--------------------------------------------------------------------------------
28-Dec-2011
Quarterly Report
ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
This quarterly report on Form 10-Q of FBC Holding, Inc. for the period ended October 31, 2011 contains forward-looking statements, principally in this
Section and "Business." Generally, you can identify these statements because they use words like "anticipates," "believes," "expects," "future," "intends," "plans," and similar terms. These statements reflect only our current expectations. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy and actual results may differ materially from those we anticipated due to a number of uncertainties, many of which are unforeseen, including, among others, the risks we face as described in this filing. You should not place undue reliance on these forward-looking statements which apply only as of the date of this annual report. These forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. To the extent that such statements are not recitations of historical fact, such statements constitute forward-looking statements that, by definition, involve risks and uncertainties. In any forward-looking statement where we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation of belief will be accomplished.
We believe it is important to communicate our expectations to our investors. There may be events in the future; however, that we are unable to predict accurately or over which we have no control. The risk factors listed in this filing, as well as any cautionary language in this annual report, provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Factors that could cause actual results or events to differ materially from those anticipated, include, but are not limited to: our ability to successfully maintain a credit facility to purchase new and used machines, manufacture new products; the ability to obtain financing for product acquisition; changes in product strategies; general economic, financial and business conditions; changes in and compliance with governmental regulations; changes in various tax laws; and the availability of key management and other personnel.
Critical Accounting Policies
Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States, which requires us to make estimates and assumptions in certain circumstances that affect amounts reported. In preparing these financial statements, management has made its best estimates and judgments of certain amounts, giving due consideration to materiality. We believe that of our significant accounting policies (more fully described in Notes to the Consolidated Financial Statements), the following are particularly important to the portrayal of our results of operations and financial position and may require the application of a higher level of judgment by our management, and as a result are subject to an inherent degree of uncertainty.
DEVELOPMENT STAGE COMPANY
We are in the development stage and have not yet realized any revenues from our planned operations. Our business plan is to continue to develop our existing toys, as well as attempt to develop and/or license new toy ideas.
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Based upon our business plan, we are a development stage enterprise. Accordingly, we present our financial statements in conformity with the accounting principles generally accepted in the United States of America that apply in establishing operating enterprises. As a development stage enterprise, we disclose the deficit accumulated during the development stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date.
STOCK BASED COMPENSATION
We account for stock based compensation in accordance with ASC 718, "Accounting for Stock-Based Compensation." The provisions of ASC 718 allow companies to either expense the estimated fair value of stock options or to continue to follow the intrinsic value method set forth in Accounting Principles Board Opinion 25, "Accounting for Stock Issued to Employees" ("APB 25") but disclose the pro forma effects on net income (loss) had the fair value of the options been expensed.
EARNINGS (LOSS) PER SHARE
We calculate net income (loss) per share as required by ASC 260, "Earnings per Share." Basic earnings (loss) per share are calculated by dividing net income
(loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share are calculated by dividing net income
(loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods when they would be anti-dilutive common stock equivalents, if any, are not considered in the computation.
Recent Accounting Pronouncements
In May 2011, the FASB issued ASU No. 2011-04, "Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs", which is intended to improve comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. generally accepted accounting principles and International Financial Reporting Standards. This standard clarifies the application of existing fair value measurement requirements including (1) the application of the highest and best use valuation premise, (2) the methodology to measure the fair value of an instrument classified in a reporting entity's shareholders' equity, (3) disclosure requirements for quantitative information on Level 3 fair value measurements and (4) guidance on measuring the fair value of financial instruments managed within a portfolio. In addition, the standard requires additional disclosures of the sensitivity of fair value to changes in unobservable inputs for Level 3 securities. This standard is effective for interim and annual reporting periods ending on or after December 15, 2011. The adoption of this guidance is not expected to have a significant impact on the Company's financial statements.
In June 2011, the FASB issued ASU No. 2011-05, "Presentation of Comprehensive Income", which requires that comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The standard also requires entities to disclose on the face of the financial statements reclassification adjustments for items that are reclassified from other comprehensive income to net earnings. This standard no longer allows companies to present components of other comprehensive income only in the statement of equity. This standard is effective for interim and annual reporting periods beginning after December 15, 2011. The adoption of this guidance is not expected to have a significant impact on the Company's financial statements other than the prescribed change in presentation.
--------------------------------------------------------------------------------
Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification? ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.
Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.
Results of Operations for the Three Months Ended October 31, 2011 and 2010
Introduction
For the three months ended October 31, 2011, we generated revenue of $14,500. This was our first revenue since inception. Our corresponding expenses from our revenue-generating activities are included in our selling, general and administrative expenses. With these revenues and expenses for the three months October 31, 2011, we had a net loss of ($61,061). For the three months October 31, 2010, we had no revenue and no cost of sales. We had a net loss of ($5,109,304), for three months October 31, 2010. An explanation of these numbers and how they relate to our business is contained below.
Revenues, Expenses and Loss from Operations:
Three Three
Months Months
October 31, October 31,
2011 2010
Revenues $ 14,500 $ -
Selling, General and Administrative Expenses 68,105 -
Conversion Fee - 1,356,000
Non-Cash Compensation - 2,500,000
Amorization of Deferred Finance Charges - 1,250,000
Impairment of Goodwill - -
Operating Income (loss) (53,905 ) (5,106,000 )
Interest Expense (3,578 ) (3,304 )
Amortization of Debt Discount - -
Net Income (Loss) $ (61,061 ) $ (5,109,304 )
Revenues
Our revenues for the three months October 31, 2011 were $14,500 compared to revenues of $0 for the three months October 31, 2010. Our revenue of $14,500 for the three months ended October 31, 2011 were our first revenues since inception. We expect to have revenue in future quarters as well, but the amount will be dependent on a variety of factors.
Selling, General and Administrative Expenses
Our selling, general and administrative expenses are those expenses we have related to the actual sales of our products and the costs we incur in transporting those products. For the three months October 31, 2011 our selling and distribution expenses were $68,105, compared to $0 for the three months October 31, 2010. Our selling, general and administrative expenses for the three months October 31, 2011 were higher than the same period one year ago due to the amounts expended related to the sale of our toys, Our selling, general and administrative expenses primarily consisted of cost of goods sold of $33,605, relating to costs associated with the products we sold during the quarter ended October 31, 2011, salaries of $12,000, legal expenses of $11,000, accounting expenses of $1,500 and consulting expenses of $10,000. Currently our general and administrative expenses have been primarily related to the public reporting and attainment of working capital to commence our business operations.
--------------------------------------------------------------------------------
Interest Expense
For the three months October 31, 2011, our interest expense of ($3,578) was comparable to our interest expense for the same period one year ago of ($3,304).
Net Income (Loss)
Our net income (loss) for the three months ended October 31, 2011 was ($61,061) compared to ($5,109,304). Our net loss was significantly less this year due to the fact that during the three months ended October 31, 2010 we had a conversion fee of $1,356,000 related to conversions of outstanding debt into our common stock, non-cash compensation of $2,500,000 related to stock issued to consultants for consulting fees, and amortization of deferred finance charges of $1,250,000 related to certain assets we purchased We did not have any corresponding fees and charges in the three months ended October 31, 2011.
Liquidity and Capital Resources
Our principal sources of liquidity consist of cash and cash equivalents and borrowing from various sources. At October 31, 2011, our cash totaled $4,676, we had a deferred finance expense of $125,000 related to an asset purchase and we had negative working capital of $28,543.
At October 31, 2011, we had current liabilities of $2,114,177, primarily consisting of equity obligations of $1,249,500 related to the equity component of our debt instruments, current portions of notes payable of $517,400, primarily related to debt obligations we had at October 31, 2011 and accrued interest of $342,192, related to our outstanding debt instruments.
Our existing sources of liquidity, along with cash expected to be generated from sales, may not be sufficient to fund our operations, anticipated capital expenditures, working capital and other financing requirements for the foreseeable future. If that is the case we may need to seek to obtain additional debt or equity financing, especially if we experience downturns or cyclical fluctuations in our business that are more severe or longer than anticipated, or if we fail to achieve anticipated revenue targets, or if we experience significant increases in the cost of raw material and manufacturing, lose a significant customer, or increases in our expense levels resulting from being a publicly-traded company. If we attempt to obtain additional debt or equity financing, we cannot assure you that such financing will be available to us on favorable terms, or at all.
As a result our audited financial statements for the year ended July 31, 2011 contain an explanatory note (footnote 4) to the effect that our ability to continue as a going concern is dependent on our ability to retain our current short term financing and ultimately to generate sufficient cash flow to meet our obligations on a timely basis in order to attain profitability, as well successfully obtain financing on favorable terms to fund the company's long term plans. We can give no assurance that our plans and efforts to achieve the above steps will be successful.
--------------------------------------------------------------------------------
Cash Flows
The following table sets forth our cash flows for the three months ended October
31:
2011 2010
Provided by (used in):
Operating activities $ (57,262 ) $ 1,263
Investing activities - -
Financing activities 52,500 -
Net Cash Used in Continuing Operations $ (4,762 ) $ 1,263
Cash Flows for the Three Months Ended October 31, 2011 and 2010
Operating Activities
Net cash provided by (used in) operating activities was ($57,262) for the three months October 31, 2011, compared to $1,263 for the three months October 31, 2010. Our cash from operating activities for the three months October 31, 2011 was primarily $17,221 in stock issued for services, $3,578 in accrued expenses and ($17,000) in prepaids.
Investing Activities
Net cash provided by (used in) investing activities was $0 for the three months October 31, 2011, compared to $0 for the three months October 31, 2010.
Financing Activities
Net cash provided by financing activities was $52,500 for the three months October 31, 2011, compared to $0 for the three months October 31, 2010. The cash provided by financing activities for the three months October 31, 2011, consisted of $52,500 in note payables - borrowings.
I wish I knew how TARKA! I really do... the only thing I can do is wait to see if someone wants the threes I have up on the ask...so far, no takers...LOL
ASCM shows on the bid and the scammers from Ohio drop them shares...LOL...ASCM is actually SCAM!!
Form 8-K for AMERICAN SCIENTIFIC RESOURCES INC
--------------------------------------------------------------------------------
28-Dec-2011
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Executive Officer
On December 27, 2011, Dr. Christopher Tirotta resigned from his position as the Chief Executive Officer of American Scientific Resources, Incorporated, a Nevada corporation (the "Company"). His resignation was not the result of any disagreements with the Company on any matters relating to the Company's operations, policies or practices. Dr. Tirotta will remain in his position as the Executive Chairman of the Company's Board of Directors.
Appointment of Chief Executive Officer
On December 27, 2011, Robert T. Faber was appointed as the Company's Chief Executive Officer. Mr. Faber is also a member of the Company's Board of Directors. A discussion of Mr. Faber's relevant business experience is below.
Robert T. Faber, age 52, Chief Executive Officer, Director
Robert T. Faber is the Company's Chief Executive Officer and is also a member of the Company's Board of Directors. Mr. Faber has 20 years of experience in diverse financial management, business and acquisitions. Since 2003, Mr. Faber has held various positions at Comstock Mining, Inc. ("Comstock"), a publicly traded precious metals company, including President, Chief Executive Officer and Chief Financial Officer. At Comstock, Mr. Faber has several responsibilities, including managing Comstock's reporting and disclosure obligations to the U.S. Securities and Exchange Commission, as well as securing financing for operations and management functions. Prior to joining Comstock, Mr. Faber served as the Vice President of United Site Services, Inc., a privately held consolidator in the waste services industry ("United Site"), from 2002 to 2003. At United Site, Mr. Faber was responsible for strengthening the organizational structure of the company, cash management and directing the company's acquisition and integration process. Additionally, Mr. Faber served as an executive with Allied Waste Industries overseeing a $1.2 billion, multi-state area. Prior to Allied Waste Industries, Mr. Faber spent 17 years with Waste Management, Inc., a publicly traded environmental services company, during which time he served in senior positions both internationally and domestically. Faber's positions included Director of Finance of Waste Management's $1.4 billion multi-country international operations based in London, England and Vice President and Controller for several $100 million plus multi-state market areas. Mr. Faber is also currently a director of Mustang Alliances, Inc., a natural resource company engaged in the exploration of mineral properties. He has served in such role since July 2011. Mr. Faber graduated from St. Johns University with a B.S. in Accounting in 1982.
Family Relationships
Mr. Faber does not have a family relationship with any of the current officers or directors of the Company.
Related Party Transactions
There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.
NOPE....,me either. This is dead until after the new year. Looks like they are content to be in limbo with no volume and news.
FBCD ~ Filings are expected to be out here... will show revenue!! Get your tickets FBCD for 2012... weeeee"
FBCD ~ Filings are expected to be out here... will show revenue!! Get your tickets FBCD for 2012... weeeee"
Sorry for the DBL post folks...I am a little excited about FBCD!!
"FBCD getting some lover today.. Filings are expected to be out here... will show revenue!! Get your tickets FBCD for 2012... weeeee"
"FBCD getting some lover today.. Filings are expected to be out here... will show revenue!! Get your tickets FBCD for 2012... weeeee"
"FBCD getting some love today.. Filings are expected to be out here... will show revenue!! Get your tickets FBCD for 2012... weeeee"
LMAO.....looks like the new gaming laws got this one today...Great run....setting off alerts on scanners all over the place!!
HBRM..I guess it is volume before PPS!!
GDSM has connection to Max Media Group. Man, this DD is fun. Start reading around pages 8,9 and 10.
http://www.otcmarkets.com/financialReportViewer?symbol=GDSM&id=69266
GDSM Qtrly Report...Look at Share Structure. 60M Series E Shares....
http://www.otcmarkets.com/financialReportViewer?symbol=GDSM&id=69266
This is like clockwork.....Xmas week each year he has one monster runner....
I needed that laugh energstar...thanks for the joke.
It is indeed TEFF!
YUP....we are all awake now and seeing SLTZ trade.....
I just woke the Westies a moment ago...Looks like they were sleeping in for some reason.......
I think it was MM's swapping shares. Now, why would MM's want to swap shares is the question.
Have to expect some flipping early in! Just normal hands taking profits IMHO