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OT: Ranen - Re: IGAI
I believe it's the bottom. Bought more @ 0.0155, and 0.0145 today. They are working to reduce the advertising costs, and if they manage to do it, it should go back to it's previous heights. Check out the chart. The lock of news, and nothing else it's the reason for the recent drop, IMO. OS of only 20MM, float of only 5M (the insiders own most of the shares, and never sold any), explosive revenue growth, and a ridiculous valuation: Price/Sales of only 0.02. This it's worth looking at more closely. If the next 10-Q (due in April) would show the same revenue trend, and (hopefully) improvement in the bottom line, this has a good chance to jump on a sharp vertical slope, IMO.
Mike
OT: Stock
1. Re: ICO - if that gossip from Times comes true, this will gap tomorrow: "None of the fines exceeded $460, roughly one-thousandth of 1% of the $110 million net profit reported last year by the current owner of the mine, the International Coal Group (ICO), the Times reported." If not, it might go slightly down first. Regardless, this is a superb long-term (2 to 3 years) opportunity.
2. Re: GDVI - it's one of my long-term, and planning to load some more. I'm always amased how an already EPS positive company, experiencing an explosive Y over Y growth can stay at a Price/Sales ratio of only 0.7. I have to admit it's not a "sexy" company, but they already have 153 construction workers, and planning to add more, and extend their business beyond the modular schools.
3. Re: IGAI - as of today, I believe I own some 5% of company's 20MM shares.
4. Re: XSNX - someone jumped on me on iHub ESLR board. See my answer to him. I see it's been moving again today. How can some people be so blind, it's beyond me. ESLR, that I know you also own, it's another long-term keep in my books, although I've been there for some 2 years.
Mike
OT: Stock, I know you like good long-term value, and especially energy related. CKEI it's a keep, IMO.
Did you get any ICO? What about GDVI (see my valuation on that iHub board)? Both are long term candidates. Another good-term candidate (sitting at the very bottom), IMO: IGAI.
Mike
Raven, just sold my SEVI (in @ 0.0102), so I'm ready to load more CKEI, should it go down again. That's the way to go. The forces at work in pennies is to complex to understand, and sorry to say people do not know to judge the good value from pump and dump schemes. Look at the SEVI saga this week. When whatever forces decide to let it go, it will, and as usual the majority of the people that do not know to think for themselves end up on the wrong side of the fence.
PS: Next mover, IMO: IGAI - another keep in my books. Just loaded some more at the very bottom, I believe, and it's still there @ 0.0145. Check it out.
Mike
Nice ride. Been in since 0.0102, and just took out my profit. Next mover, IMO: IGAI. Check it out.
Good luck everyone, and I hope you ride it to new heights.
Mike
That's what I want to hear: "ClickableOil.com more than doubled its gross profits for February totaling $162,976, compared with $67,344 during February 2005, for a 142% gross profit increase."
Mike
OT: Not bashing it my dear friend, as I have no interest in doing it. As a solar power professional, however, I hate these type of shamelesely misleading info, and idiotic promises:
"Trading for just $1.50 a share , this company will soon monopolize a $7 billion market. When it launches its new technology this April, shares will explode. $25 a share is an EASY price target!"
that this, Forbes, and some other self-appointed Energy gurus are making:
http://www.isecureonline.com/reports/RTD/ERTDG277/?o=343364&u=11605451&l=784877
FYI, $7.2B was the global solar PV market in 2004, and all thin film solar cells (that include the a-Si) only have about 7% market share right now. So how can possibly "this company will soon monopolize a $7 billion market?" Are you, at least seing what these crooks are doing to you? Do you have any ability to think for yourself how it's possible a new entrant, that as yet has nothing, none, zip, as the technology to make the cells go (you can't buy the needed fab components for thin film solar cells, as is the case with crystalline solar cells - you have to make and put together each and every piece of equipment), can address the achieve the whole global market value? Think, people, think. If you don't have any skill in the PV solar area, at least you can run a Google, and see what kind of similar empty promisses this pseudo Company was making until late 2003, with their former Sun Mining (or something like that) scam company.
FYI, EverGreen Solar (being near its all time hight), only has a market capitalization of $1.07B, and this at a Price/Sales ratio of 23.35, which is a bit high for my confort, but it's (and rightfully so) based of realistic rapid growth expectations, and not kids bed time stories told to you by the promoters of that "XX" scam company.
Hope this helps you open your eyes. If not, oh well ...
Mike
Re: "I continue to add to my position as time goes along."
Raven, I agree. You never know when (and many times why) these pennis start running. For what I perceive to be good potential stocks, I always start loading at whatever price, then average down. That's the best strategy. This way, at least you won't be as sorry as I was recently for loading only 600K PMED @ 0.00402 average (I wonted more @ 0.00395), or only 150K of CNCN @ 0.029 - where I missed the bigger order by a tinny difference (sold it days later in the mid 0.30's - I do it always when such a nice run occurs, in such a short time).
CKEI it's a special situation. It my books it's a long0-term keep, along with GDVI @ VFIN pennies, and some larger caps.
Mike
OT: Stock - Re: GDVI
The 10-Q is out. See my two posts tonight on iHub GDVI.
Mike
***Company Valuation. Opinion
Not as good as I expected, but in the construction industry things are always slow in the winter Q. The revenue it's still over $2.1M, and EPS positive again.
I like better the analysis of financial condition, and forward looking statements, included in the Mgmt discussion. A few things:
* OS: 158,303,273 now, as compared to 145,699,429 the same time last year. Not much increase considering the stock incentives that the company provides to his (150+) employees.
* Despite a small drop in the 4Q revenue compared to 05, "Total revenues increased to $11,516,163 in the nine months ended January 31, 2006 from $5,836,234 in the nine months ended January 31, 2005."
* "As of January 31, 2006, the Company had a working capital surplus of $3,105,349. Net income was $493,834 for the nine months ended January 31, 2005." (Note: this might be a typo: the net income should refers to the 9 months ending 06).
Valuation Note:
The Price/Sales it's about 0.77 right now, which it's ridiculously low for an EPS positive company, that is experiencing an explosive Y over Y growth:
http://finance.yahoo.com/q/ks?s=GDVI.OB
For this kind of a OTC:BB company, the P/S ratio should be at least 10. This is in agreement with the valuation analysis based on Price/Earnings below.
Assuming the same "rate," as above, the 10-K should report a net income for the whole 2005 year of $658,445 (493K x 4/3). This should be higher however, as the spring Q should be a lot better. Regardless, even assuming the above net income, the EPS for 2005 should be at least 0.0416 (compared to today's 0.075 PPS). The Price/Earnings for the average costruction industry it's 18.5. From the above, here it's only 0.075/0.0416, or 1.803. Hence, IMO, with the company numbers, the capitalization should go up by a factor of at least 10, given the good growth potential. So, sometimes after the 10-K, the PPS should go up accordingly, or to a conservative value of $0.75/share.
Usually, the Price/Earnings based valuation above applies to large caps, where the Y over Y growth rate is usually a lot smaller. For a fast growth potential small cap, the Price/Earnings ratio could (and many times it does) go to over 100.
Opinion:
* this is a must keep company, IMO
* if you must sell some shares, don't do it in a rush
* You may wish to keep the bulk of your shares to at least after the 10-K, IMO
Best to all,
Mike
The 10-Q is out:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001266068%252D06...
Mike
--------------------------------
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED JANUARY 31, 2006
This report on Form 10-QSB contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as “anticipate”, “expects”, “intends”, “plans”, “believes”, “seeks” and “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Form 10-QSB. Investors should carefully consider all of such risks before making an investment decision with respect to the Company’s stock. The following discussion and analysis should be read in conjunction with our financial statements and summary of selected financial data for Global Diversified Industries, Inc. Such discussion represents only the best present assessment from our Management.
DESCRIPTION OF COMPANY:
The Company is a holding company that currently operates three wholly owned subsidiaries, Lutrex Enterprises, Inc., an entity, which holds equipment and inventory for the registrant, MBS Construction Inc., a modular contractor specializing in modular construction site work and renovation, and Global Modular, Inc., a sales, marketing and manufacturing of modular type structures.
OVERVIEW:
The Company’s subsidiary, Global Modular, Inc. (“Global Modular”) is in the business of designing, manufacturing and marketing pre-fabricated, modular type structures. Global Modular’s 100,000 square foot factory is located on sixteen acres adjacent to the municipal airport at Chowchilla, California. The manufacturing facility has the capacity to produce approximately $50,000,000 of revenue per year. Its principal customer base during the current fiscal year will be educational (public and private schools, universities, etc.), child-care and municipality sectors. Its product lines consist of a variety of relocatable (portable) classroom designs, and designs used specifically for permanent modular construction, i.e., complete schools, wing additions, etc. Global Modular’s capabilities include single-story “slab-on-grade” construction, where a concrete slab is poured on site, which also serves as the floor. The structures are built in our factory and shipped to the site for installation on the concrete slab. The modular division has recently secured rights to state-of-the-art two-story designs recently owned by Aurora Modular Industries, Inc. All of Global Modulars’ portable/modular structures are engineered and constructed in accordance with pre-approved building plans, commonly referred to as “P.C.’s” or “pre-checked” plans that conform to structural and seismic safety specifications administered by the California Department of State Architects (DSA). The DSA regulates all California school construction on public real estate and the DSA’s standards are considered to be more rigorous than the standards that typically regulate other classes of commercial portable structures.
Global Modular also enjoys the benefit of providing educational customers with product contracted under a “piggyback clause”. The State of California allows school districts to canvass proposals from modular classroom vendors under a bidding process where the successful bidder can provide other public school districts and municipalities portable classrooms under a “piggyback contract” issued by the originating school district. This process saves school districts valuable time and resources from the necessity of soliciting bids. A modular vendor who possesses a “piggybackable contract” containing competitive pricing and a variety of design options may have access to future business for up to five years, depending on the term of the piggyback contract. Global Modular has recently received assignment of a second piggyback contract from a Southern California school district. This piggyback contract includes all appropriate pricing parameters pertinent to Global’s “permanent modular construction” designs. Global Modulars’ two piggyback contracts provides them the flexibility to offer California public schools and municipalities an expanded variety of design and pricing alternatives to meet virtually any design request by the school district and/or architect.
At some point during the current or successive fiscal year, Global Modular intends to expand its product line to serve the commercial/business sector. This sector consists of retail, industrial and institutional (including educational institutions that reside on private property). This sector adheres to building designs and specifications administered by the Department of Housing (DOH).
Among Global Modular’s asset base is its integrated, state-of-the-art, automated manufacturing process which includes equipment, raw material and marketing collateral that are specifically designed for the high capacity fabrication of modular structures. Future revenue generation and growth partially depends on the success of marketing efforts to the educational sector for single-story and two-story designs.
The Company’s subsidiary Global Modular, Inc. has secured necessary architectural and engineering approvals from the State of California (Division of the State Architect) for their single story and two-story designs. The two-story design is desirable by school districts since individual two-story buildings can be installed side-by-side to form a cluster of buildings, occupying hundreds of students. The two-story design is fully equipped with easy access to the second story by stairs and balcony along with a hydraulic elevator to accommodate handicap students, teachers and visitors. School districts continue to turn to two-story portable classrooms to satisfy their space dilemma since they have little real estate to surrender. Since the recent acquisition of Aurora Modular Industries intellectual property; the promotion of single-story slab-on-grade and two-story designs will be the main focus of our sales team during the next several years. Global Modular now possesses adequate DSA approved designs that can meet virtually any type configuration and aesthetic alternatives a school district may desire.
During the remainder of 2006, the Global Modular will continue to focus its attention on the sales and marketing of portable classrooms and modular buildings to the California public and private school sectors including California municipalities. Since the state of California has been experiencing an influx in student enrollment over the past several years, and the forecast for the next ten years is for continual increasing enrollments, the portable classroom manufacturing industry has become more successful. In an effort to keep up with demand for additional classroom space, modular manufactures are expecting increased production backlogs throughout the remainder of 2006 and into 2007.
The following Management Discussion and Analysis should be read in conjunction with the financial statements and accompanying notes included in this Form 10-QSB.
COMPARISON OF THE THREE MONTHS ENDED JANUARY 31, 2006 TO THE THREE MONTHS ENDED JANUARY 31, 2005
Results of Operations
Total revenues were $2,120,722 for the quarter ended January 31, 2006 as compared to $2,267,076 in the quarter ended January 31, 2005. The decrease of $146,354 is attributed to three major contracts with a school districts in Southern California. The school districts wanted to use the building design, which was acquired through the Aurora bankruptcy. The intellectual properties acquired from the Aurora bankruptcy, provides Global Modular with a complete line of new products. The decrease of $146,354 in revenue is attributed to Global completing negotiations on a two major contracts with a school district in Southern California and completing four projects in the field. During the period of negotiations, production was slower for the first three weeks of the quarter ended January 31, 2006.
Cost of revenues was $1,454,672 and $1,338,495, respectively for the quarters ended January 31, 2006 and 2005. Gross profit was $666,100 and $928,581, respectively for the quarters ended January 31, 2006 and 2005.. The cost of revenue increased by $116,177 is attributed to Global and MBS Construction finishing the field construction work on four major projects. The field construction normally has a lower profit margin than the manufacturing.
Total operating expenses decreased to $491,838 in the quarter ended January 31, 2006 from $831,933 in the quarter ended January 31, 2005. This is mainly attributable to the reduction in operating expenses of MBS Construction in the quarter ending January 31, 2006.
COMPARISON OF THE NINE MONTHS ENDED JANUARY 31, 2006 TO THE NINE MONTHS ENDED JANUARY 31, 2005
Results of Operations
Total revenues increased to $11,516,163 in the nine months ended January 31, 2006 from $5,836,234 in the nine months ended January 31, 2005. The increase is attributed to four major contracts with a school districts in Southern California. The school districts wanted to use the building design, which was acquired through the Aurora bankruptcy. The intellectual properties acquired from the Aurora bankruptcy, provides Global Modular with a complete line of new products. The increase is attributed to Global Modular substantially increasing sales with its new line products acquired from the Aurora bankruptcy. Global Modular is now recognized by the California School Districts as one of the major manufacturers of classroom buildings.
Cost of revenues was $8,378,729 and $3,538,490, respectively for the nine months ended January 31, 2006 and 2005. Gross profit was $3,137,434 and $2,297,744, respectively for the nine months ended January 31, 2006 and 2005. The cost of revenue increased due to the increased sales generated by the products offered from the purchase of the Aurora intellectual property. The cost of revenues increased due to the increased sales generated by the products offered from the purchase of the Aurora intellectual property.
Total operating expenses increased to $2,234,767 in the nine months ended January 31, 2006 from $1,940,802 in the nine months ended January 31, 2005. This is mainly attributed to the company’s increase in sales of over 100% as compared to the same period last year.
Liquidity and Capital Resources
As of January 31, 2006, the Company had a working capital surplus of $3,105,349. Net income was $493,834 for the nine months ended January 31, 2005. The Company generated a negative cash flow from operations of $892,050 for the nine-month period ended January 31, 2006. The negative cash flow from operating activities for the period is primarily attributable to the Company's net income adjusted for depreciation and amortization of $212,988, common stock issued to consultants and employees in exchange for services of $44,140, amortization and write-off of debt discount of $50,856, an increase in accounts receivable of $889,574 an increase in inventory of $858,641, a decrease in employee advances of $4,609, a decrease in other assets of $39,791, a decrease in deferred revenue of $71,228 and an increase in accounts payable of $81,175,
Cash flows used in investing activities for the nine-month period ended January 31, 2006 consisted of the acquisition of $338,448 of equipment and architectural plans used in operations.
The Company funded operations during the nine months ended January 31, 2006 by increasing debt to lenders by $850,558 and the reduction of debt to related parties by $8,500. The Company raised $ 50,000 of cash by the sale of common stock and stock subscriptions, net of costs and fees.
As a result of limited capital resources and revenues from operations, the Company has relied on the issuance of equity securities to non-employees in exchange for services. The Company's management enters into equity compensation agreements with non-employees if it is in the best interest of the Company under terms and conditions consistent with the requirements of Financial Accounting Standards No. 123, "Accounting for Stock Based Compensation." In order conserve its limited operating capital resources, the Company anticipates continuing to compensate non-employees for services during the next twelve months. This policy may have a material effect on the Company's results of operations during the next twelve months.
While the Company has raised capital to meet its working capital and financing needs in the past, additional financing is required in order to meet the Company’s current and projected cash flow needs for operations and development. The Company generated a positive cash flow for the six months ended October 31, 2005. The Company is presently seeking financing in the form of debt or equity in order to provide the necessary working capital. Such financing may be upon terms that are dilutive or potentially dilutive to our stockholders. The Company currently has no commitments for financing. There are no assurances the Company will be successful in raising the funds required
By adjusting its operations and development to the level of capitalization , management belives it has suffucient capital resources to meet projected cash flow needs through the next twelve months. However, if thereafter, we are not successful in generating sufficient liquidity from operations or in raising sufficient capital resources, on terms acceptable to us, this could have a material adverse effect on our business, results of operations , liquidity and financial condition.
17
The effect of inflation on the Company's revenue and operating results was not significant. The Company's operations are located in North America and there are no seasonal aspects that would have a material effect on the Company's financial condition or results of operations.
Critical Accounting Policies
The preparation of our financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements; we believe the following critical accounting policies involve the most complex, difficult and subjective estimates and judgments:
C-mon, you bad guys. Since you didn't want to sell me any @ 0.015, I raised this morning my bid to 0.0155. Anyone?
Jocking aside, I hope I'll get filled, as I want to add 400K more (already have 600K), to round it up to 1M. After the crazy moves of my other pennies (SEVI, PMED) this week, I believe the next to start moving are: IGAI @ CKEI (which already was trying to move at the EOD yesterday).
Mike
OT: Re: ICO
From this news: "...$110 million net profit reported last year by the current owner of the mine, the International Coal Group (ICO), the Times reported:"
http://www.amtddj.inlumen.com/bin/djstory?StoryId=Craz70aebqLqWmduYmZq
ICO, in my opinion is one of those rare occasions to get into a very promising Energy stock near the bottom these days. In fact, believe it or not, todays price it's below last year's IPO (when I literaly flipped the coin to decide to get in or not - and I'm glad I did it only now).
One of their mines (that generates some 2.3% of all revenue) was the one that was involved in that tragic accident in January in Virginia, in which 12 miners died.
Mike
OT: stock - Re GZFX
First of all, the Price/Sales it's over 50. Even if it's one of those "sexy" companies, anything that has a P/S ratio above 10, I even not waste my time looking at them, especially when I see declining revenue, and large debth:
http://finance.yahoo.com/q/ks?s=GZFX.OB
Compare the finances to those of CKEI, and you'll see what I'm seeing.
PS: I might be wrong, as I did no DD on it, but (from what I already saw) short-term it doesn't look good, IMO
Mike
OT: Stock - one more thing.
If you care about a good Energy (coal) company sitting near the bottom, check out ICO. I bought some 2 weeks ago @ 8.37 average, and (comparing it with other Energy companies), and the fact that coal price is expected to further increase (as it already did over the last several years), I believe in 2 to 3 years it has a very good chance to go well above $50. Tomorrow, after the close (despite this, I expect good numbers), they come up with the 10-Q. If you, however, want to stay with PV solar, ESLR will be a good company to be in, or you just wait a bit. In the next several months, several new solar companies are expecting to go public. As you for sure know, the post IPO graphs of the last companies to go public (e.g., SPWR, and STP) were very good.
Mike
OT: Stock
1. I believe you did the right thing. Even assuming the IP they bought it's OK, from IP to manufacturing (especially for thin film solar cells, it's a long, long way. I know about the strugle all US and some foreign a-Si manufacturers have and still are having to put together a good fab. And, unlike this guy (who has no skill whatsoever in PV solar) those legit companies have each a bounch of scientists that produced their own IP's and manufacturing technologies. Unlike crystalline Si, where due to the volume (93% of the PV cell market), you can buy a turn key fab, while in case of a-Si, you kind of have to make everything from scratch, and this takes many, many years, and many skilfull people (if you want to avoid paying licenses to someone for every piece of equipment). Regardless, if not anything else, one thing is clear to me: based on the previous sad history of this now "XX" company, I wouldn't trust this guy.
Re: GDVI - I guess I was wrong. Last year they came up with the 10-Q on March 16. So, since no late filling form (NT 10-Q) was filled today, they may fill tomorrow, or in the next few days (they have 5 days to do it, and if they know they won't be able to make it, they have to fill the NT form).
Re: CKEI - the Mgmt., in order to save money, they don't pay themselves salaries, and get shares. To their merit, they never sold (nor intended to) any shares, which is why the float is so low compared to the OS. If they can extend in several other states, I they most probably will, this company will have a very good chance to do very well, IMO. So, it depends on your investment strategy. If you are in for a fast in and out, this might not be the best company to be in. If you are looking (as I am) for a medium-, to long-term investment, IMO, you are in the right place.
Mike
Mike
Stock,
1. Re: GDVI - they were supposed to release the 10-Q today. It's not for the first time they are late. Usually, they are not more than several days to 1 week late. From what I know, they intend to change the CPA, as they had many problems with this company before. If you are doing your DD on it, you might want to do it fast, as I expect very good numbers. I saw some rumor in the RB yesterday that they are closing another large contract (from someone that suposedly lives near the plant). If the numbers are as good as I think they will, and (if the rumor is right), the combibnation of the two (the numbers, and some good forward looking statement), should jump-start the PPS quite nicely. Yes, they are EPS positive for several Q's now, and are experiencing an explossive Y over Y growth. They intend to add more people to their existing over 100 (if I recall) staff.
2. For that fake "XX" company, see my post today on iHub "ESLR" (a legit and good solar company). If you still have any doubt they are a scam, do a Google on their previous "out of this world": "Sun Mining," (or something like that) scam operation, another fake pseudo-company they had until late 2003.
Mike
OT: DSP, how far away are you from Golden, CO? I usually go there for some meetings at NREL (National Renewable Energy Lab). I might have to go again there sometimes in the fall.
I should have known you were another Dave. Three of my best associates are also Dave.
Let me give you some homework to do. If not anything else, as an exercise, check out: DLGG. The 0.0041 Bid it's mine. Do some DD on it, and see what you think.
PS: I'm from Cleveland, OH.
Mike
The Good, and the Ugly.
Everything that's solar power, eventually goes up:
http://quotes.nasdaq.com/quote.dll?page=charting&mode=basics&intraday=off&timeframe=2y&a...
Note: XSNX, it's one of the biggest OTC:BB scams I saw in a while. A one man (not qualified for the job, if anyone asks me) company: no product, no revenue, no IP of its own (they are licensing some IP), yet the PPS it's been pushed (by some "smart" promoters) to above $2/share:
http://finance.yahoo.com/q/ks?s=XSNX.OB
Until late 2003, the company was "promising the moon" with another fake operation (Sun River Mining):
http://www.pinksheets.com/quote/company_profile.jsp?symbol=XSNX
Mike
OT: DSP, yes indeed I see you start learning, at least when to get in. Next step will be you to recuperate your losses (so you can get back in speaking terms with your parner (wife/husband, or girlfriend/boyfriend, he, he), and then start to accumulate some extra capital, large enough to give you a good enough incentive to start looking for yourself after good value bottom BB's. You could use my model to start with, which you might wish to improve in time to best fit your own personality and strategy, that you yourself have to design. Plus, students should always outpass their teachers: its the basic law of human evolution.
Glad to see you got some CKEI, too. You didn't sell again GDVI, I hope, nor either PMED or SEVI this morning when they went down. As you saw VFIN was also trying to move today (if I recall you got in it @ 0.19?). The only one (that, if I recall, you already got?) and it's yet to start moving is IGAI (I expected it to be the first to start moving). Hope you'll enjoy them. Do not sell either CKEI, or the others for small change, IMO. Of course, it's up to you, and you should allways do whatever your inner fellings tell you to.
PS: Keep an eye on GDVI tomorrow. I'm not asking you to sell any, but use the move (if any) as a learning tool: to learn to make correlations between the PR's content (numbers, forward looking statements - if any, etc.), and the PPS move. If you have time to do it, you should start doing it with all the other stocks you have (or are following) when PR's come out. This is an important part in learnig to take the needed decisions when it matters; this will help you later on. If GDVI is not late with the 10-Q (as at times they are), usually they release the PR early in the morning.
PPS: If all these things go up (as I expect they should), and we ever meet, I expect you (along with your better half) to invite me at a fancy dinner, at a fancy restaurant (at my age, I enjoy fine wines, and decent live music). Just keeding,
Mike
Stock, check out post # 454, that I posted the other day. In that one I stated: "Look at my recent picks, or additions to existing shares: i.e., GDVI, VFIN, PMED, IGAI, SEVI, and now CKEI, read my posts to see my entry points, and hopefully you’ll understand I’m not at all a “desperado.”
Look at the crazy move of PMED & SEVI today. Can anyone predict short-term moves? I don't think so. At least, I never fully understood all forces that prompt these moves. Medium-term I feel quite confortable with CKEI and most of my other hand picks above, or at least my extensive DD on them tells me I shouldn't worry.
PS: Tomorrow, GDVI it's supposed to come up with the 10-Q. If it does (they have a history of filling late), and the numbers are as good as I think they will be, you might wish to check it out, IMO.
Mike
Stock, see post #456. More than that, I hate to do any price predictions. To me, at this point this is way undervalued. That's all I care to know, and can say.
Mike
Hot Alerts: VFIN, GDVI, and ICO
VFIN - see below
GDVI - supposed to submit 10-Q tomorrow. If so (they have a hystyory of being late), and if the numbers, and guidance are as good as I expect them to be, whatch out this one.
ICO - will have the 10-Q on the 16-th. Although it will be after the close, I expect the numbers to be good. Regardless, this is a super long-term investment, IMO.
Do your own DD, and do it well.
PS: I never post cheap pumps, and I despise those that pump when they want out, or bash when they want in.
Mike
--------
VFIN NEWS!
China Biopharmaceuticals Holdings, Inc. Closes on $6 Million Financing With $900,000 Over Allotment
Tuesday March 14, 1:35 pm ET
NANJING, CHINA--(MARKET WIRE)--Mar 14, 2006 -- China Biopharmaceuticals Holdings, Inc. (OTC BB: CHBP) ("China Biopharmaceuticals" or the "Company"), a China-based advanced and vertically integrated biopharmaceutical company focused on developing, commercializing, manufacturing and distributing innovative drugs, today announced that it has closed on a $6-million equity financing with $900,000 over allotment. Details will be presented in a Form 8K, which the Company will file as soon as practicable.
The financing, which will provide further working capital for the growth of the Company and its operating subsidiaries, has been raised from a select group of institutional and accredited investors and is underwritten by vFinance, Inc. (OTC BB:VFIN.OB - News), a diversified financial services company that provides investment banking, brokerage and trading services to more than 10,000 corporate, institutional and private clients worldwide.
***** FYI: CLEAN EDGE ALERT - Re: BioFuels
March 13, 2006
Events and Announcements for the Clean-Tech Community
Clean Edge Report Finds Global BioFuels Market Exceeds Wind and Solar As Clean Energy Revenues Soar to $40 Billion in 2005
Nth Power Data Shows U.S. Venture Capital Investments Reach $917 Million in 2005, Up 28 Percent from 2004
According to a new report released last week by Clean Edge, markets for biofuels, photovoltaics, wind energy, and fuel cells are poised to expand four-fold in the next decade, growing from $40 billion in global revenues in 2005 to $167 billion by 2015. Clean Edge has issued its annual Clean Energy Trends report since 2002. The free report can be downloaded at www.cleanedge.com.
For the first time, the 2006 report tracks the burgeoning biofuels market (ethanol and biodiesel), which Clean Edge reports hit $15.7 billion globally in 2005 and is projected to grow to $52.5 billion by 2015. Up more than 15 percent from 2004, biofuels exceeded wind or solar in 2005 global revenues. Clean Edge projects that markets for solar photovoltaics (modules, system components, and installations) will grow from $11.2 billion in 2005 to $51.1 billion by 2015; wind power installations will expand from $11.8 billion last year to $48.5 billion in 2015; and fuel cells and distributed hydrogen will grow from $1.2 billion in 2005 to $15.1 billion by 2015.
Clean Energy Trends 2006 examines factors that are influencing clean-energy market growth and tracks five key trends:
Clean Energy Becomes a U. S. Security Issue Innovation Stretches Silicon for Solar Renewables Cross a Tipping Point Flex Fuels Gain Power and Speed China and India Loom Large Clean Edge, in collaboration with Nth Power, a leading energy-tech venture firm, also released Nth Power's annual energy-tech venture data. This year's findings show that venture capital (VC) investors poured $917 million, an increase of approximately 28 percent from 2004, into more than 80 private companies. These investments, primarily in distributed energy, energy intelligence, power reliability, advanced materials and nanotechnology and related services, represented more than 4 percent of the $21.7 billion U.S. venture capital market, up from 3.3 percent in 2004.
To download Clean Edge's "Clean Energy Trends 2006," please visit www.cleanedge.com.
About Clean Energy Trends 2006
Clean Edge issues its annual Clean Energy Trends report to track key developments in clean-energy markets. Past reports have been downloaded by tens of thousands of individuals in government, finance, industry, and the media. "Clean Energy Trends 2006" is made possible by the support of its sponsors, including lead sponsor Nth Power and major sponsors Global Environment Fund, Heller Ehrman, Pacific Growth Equities, LLC, Antenna Group Public Relations, and Environmental Entrepreneurs.
About Clean Edge, Inc.
Clean Edge, Inc., The Clean-Tech Market Authority, is a leading research and publishing firm that helps companies, investors, and policymakers understand and profit from clean technologies. Since 2001, the company has been providing market research and reports, conferences and events, and strategic consulting services to the clean-energy and clean-tech industry. Clean Edge and its network of partners and affiliates offer unparalleled insight and intelligence. To keep abreast of the latest clean-tech developments, access industry reports, learn more about the annual Clean-Tech Investor Summit, or sign up for Clean Edge's monthly newsletter, visit www.cleanedge.com.
OT: Stock,
You'll hear about it, soon. It will develop high-efficiency, low-cost Si solar cells, as a first product. That's all I can disclose to you right now.
As for that "XX" company, you have a choice. You either can trust (if Jeff "whatever" it's one of your sources) or the instinct of someone with extensive knowledge and expertise in the area, that spent his last 30+ years doing PV Solar R&D, wrote over 125 scientific papers, has 25 patents (mostly in PV solar cells), thaught "Solar Cells I" and "Solar Cells II" graduate level EE courses (and many other energy related courses). Thin film solar cells have a 30+ years hystory, and during this time I witnessed a bounch of such fake companies in the area, but never ever such an evident scam. Unfortunately for them, most people investing there have no knowledge of the PV solar, and from what I see they even can't do a basic DD (e.g., go through the Yahoo Finances) on it. I only spent less than 2 hours (out of curiosity) doing a basic DD on that "XX" company, and discovered it's past hystory, the old promisses these crooks made in their pseudo-mining company. Just check out a legit (e.g., Iowa Thin Films) a-Si company, and hopefully you'll understand why I believe that the "XX" it's a fake.
Take care, and before doing anything, do your own DD, and do it well.
PS: My only long-term investment in PV solar it's Evergreen Solar. Also bought in the fall (at the IPO price) SunPower (SPWR), and the solar company from China (STP), but sold both of them a while ago (@ over 40). Invested recently in this coal company (ICO) - that on the 16-th will put the 10-Q out, and in some small but promissing Energy related stocks, including CKEI (where I'm well loaded right now).
Mike
Re: "Anyone now how they determine the value of a company on the exchange. And since this company has a product how come its value is far less than companys that current produce nothing but a Big Maybe and a Dream. Anyone"
(Posted on RB)
For an average OTC:BB stock company that already has a product, the best indicator is the Price/Sales. The average P/S ratio is between 1.5 and 2. If the company is a experiencing a good Y over Y, and Q over Q growth (e.g., over 50% Y over Y revenue growth), the P/S usually goes as high as 10. For "sexy" stocks in a sector that is expected to grow fast (e.g., energy, and especially renewable energy; nanotechnologies; biotechnology, etc.), the P/S ratio can go as high as 1000, and with a good (professional) pump much higher.
The P/S ratio here, right now it's 0.74:
http://finance.yahoo.com/q/ks?s=CKEI.OB
Judging it from the average BB stock, the valuation here should be between 2 to 3 times higher. Given: (i) the latest PR's (the fact that the expected Y over Y revenue growth it's expected to be at least 100%, while the Q over Q growth it's 150%, (ii) the fact that the company opperates in the energy sector, and (iii) the good potential for future explosive growth, the valuation should be much higher. Based on the above, a P/S ratio of say 10 (a 12 to 13 fold PPS increase), it's not much to ask for, providing that: (i) the ungoing dilution can be kept under control, and (ii) next financial numbers show a move toward at least positive operational income. Once (and if) the company would be showing a positive net revenue (positive EPS), while not increasing the OS too much, the valuation could go even higher.
Talking about the poster's comment: "its value is far less than companys that current produce nothing but a Big Maybe and a Dream," he is right. Check out how an efficient (shamelesly misleading, if anyone asks me) pumping could jump the Price/Sales ratio of 36,154 (yes, over thirty six thousand!), just follow the XSNX saga. It's a (fake, if anyone asks me) thin film solar cells that has a single employee (not qualified for that job), that along with his self appointed energy guru (Jeff whatever), are promissing the moon, and somehow people are buying into their young kids bedtime story.
Disclossure: CKEI in my book it's a long-term keep (and sooner rather than later, I hope to be well compensated for my patience).
PS: I see someone added my name to be an "assistant." While I'm flattered by it, I must advice you (whomever you are) that once my renewable energy R&D company starts moving again (which I hope to happen very soon), I won't be able to spend much time (if any) posting here. Hence, you might consider an assistant from among the older posters here.
Mike
Re: Msg. # 10:
Short,
1. "This stock is a long Term Hold"
Yes indeed. I'm in @ $2.65 average, and intending to keep it for at least 1 year longer.
2. "they are a leader in the Solar Market."
Not yet (by a large margin, Sharp, and other companies are right now the leaders), but: (i) the low-cost string ribbon Si substrate, and (ii) their association with Q-Cells will help Evergreen Solar gain a larger and larger market share. All they still have to do is further improve the cell eficiency (hopefully to AM1.5 Eff of above 15%), while further reducing manufacturing costs.
PS: For anyone here that knows anything about PV solar cells, for your enjoyement (sadness in my case), please check out that pseudo a-Si company, ticker XSNX. Go through the fundamentals (or lock thereof), their technology (or lock thereof), and if you are as mad as I am at those con artists (the CEO - and only employee of that scam company, and his self apointed Energy guru shameless promoter), you would appreciate more the value here. And for the sake of all those poor souls that might ruin their financing by listening to those scammers, and their promotters you might feel like doing what I already did tonight, and post an entry on that iHub board. If not for anything else, but those (XSNX)-type scam companies give a bad name to legit PV solar companies such as this one.
Note: I'm not in any way associated with Evergreen Solar, and the above are all JIMHO.
Mike,
Solar PV expert, heavily involved with PV R@D since 1977, wrote over 125 scientific papers on it, thaught "Solar Cells I," and "Solar Cells II" graduate level EE courses (among many other Energy-related, and other Engineering courses), author or co-author of 25 patents (including in the PV solar field).
Call me a basher. However, before you jump into something (I bet) most of you don't understand, you should at least educate yourselves about solar cells in general, and a-Si solar cells in particular:
http://www.solarbuzz.com/Technologies.htm
This will be my last post here. I'm NOT interested in this scam, and I wasn't posting here in a hope that the PPS will drop. In fact, as a former accademic (and for some heavily involved in solar PV R&D), most than anything within these boards, I despise those people that pump when they want out, and bash when they want in.
One think you all should know. Starting some 6 months ago (until I cancelled it), I was receiving a newsletter (probably some of you received it as well) by a certain Jeff "whatever" guru, pumping this crap as it was no tomorrow. This individual, that I can assure you knows nothing about the Energy as a general concept, much less PV cells is obviously misleading the readers in a way that made me mad. One single example: he's implying that the global solar PV market (he was refering to the old $7.2B figure for 2004 - he probably never learned about the 2005 market value that various sources put to $11.2B to $12.1B) as it was the market value in which the pseudo-product of this XX company operates. Just see in the site abobe the market value of all thin film solar cells. It's 7% including: a-Si, CdTe, CuInSe, etc thin film solar cells, plus all III-V's (GaAs, InP, etc) used for space applications. Whomever gets Jeff's newsletter, just check out the claim he makes vs the market value of this non-existent business. Plus he claims the idea of mounting the a-Si cells between two glass or plastic plates belongs to XSNX. Far from the truth. The idea is over 20 years old, as at least the company recognizes.
The CEO (the only employ of this pseudo-company, that never reported any revenue), has NO knowledge whatsoever of anything that is energy related. Check out his resume. The company has NO intelectual property of it's own, and is leasing some IP. Did any of you check the value of that IP?
Going into producing solar cells it's not an easy task. It's relatively easier for standard solar cells, and more difficult for thin film cells:
1. "A rule of thumb guide to the capital investment in building a solar cell plant is US$1M/MW for crystalline silicon and US$2M/MW or more for thin films."
2. "Thin film plants with the most well-developed technology will take slightly longer to get to volume production: possibly up to 12 months more to become fully operational and maybe several years more to run at full capacity. Critical factors are the delivery times on custom equipment for thin film deposition and processing, and the time to get manufacturing-related technology issues resolved before the process can be fully operational. Production may also be constrained by slower market up-take of the new technology-based product. Cell plants often have parallel lines of operation, each line can be brought on-stream in sequence. They do not operate to the strict cleanliness requirements of the microelectronics industry, but they come close to it."
http://www.solarbuzz.com/Plants.htm
I can go on, and on, and on. I stop here though. Who's smart enough we'll do his/her own DD, or ask someone that works in this field for advice.
Hope I didn't offend anyone, but saved some naives that w/o enough insight into this field believe all the crap these con artists (that give a bad name to other legit renewable energy companies) feed them. Solar power business (as well as other renewable) is exploding before our own eyes, but you folks have to find the legit companies.
Enough said. Good luck folks,
Mike
OT: FYI: For the sake of a discussion Re: Stockguru.com
A while ago I made the observation that (somehow) any time Stockguru.com alerts shows up, for the next 1 to 2 weeks (sometimes up to 1 month) the PPS drops, usually following the classical 50% retrieve. It can be just a coincidence, but I verified it on many other pennies, and it happens most of the time. Thought some of you wanted to follow this, on your other stocks, and also come up with some reasonable explanation.
Mike
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Stockguru.com: Guru Alerts for Friday, March 10, 2006 IHDR, EXNT, BBSE, CKEI.
Mar 10 2006 11:57AM ET
Stockguru.com: Guru Alerts for Wednesday, March 8, 2006 PLKC, URIX, MIVT, CKEI.
Mar 8 2006 9:15AM ET
Stockguru.com: Guru Alerts for Monday, March 6, 2006 CWLC, TREN, MMGG, CKEI.
Mar 6 2006 7:04AM ET
Stockguru.com: Guru Alerts for Friday, March 3, 2006 URIX, CKEI, SRFDF, GTEC.
Mar 3 2006 11:07AM ET
ClickableOil Announces 37% Increase In Gallons Sold For January; Over $5 Million In Revenue Still Expected For Fiscal 2006
Mar 2 2006 9:30AM ET
Stockguru.com: Guru Alerts for Monday, February 27, 2006 OGHC, SUWN, DOIG, CKEI.
Feb 27 2006 9:15AM ET
Stockguru.com: Guru Alerts for Friday, February 24, 2006 HSTT, HYBT, AMEP, CKEI.
Feb 24 2006 10:06AM ET
Stockguru.com: Guru Alerts for Thursday, February 23, 2006 QTEK, IMGM, EMFP, CKEI.
Feb 23 2006 8:40AM ET
Stockguru.com: Guru Alerts for Wednesday, February 22, 2006 HDRX, DYTK, CKEI, CWPC.
Feb 22 2006 8:23AM ET
Stockguru.com: Guru Alerts for Tuesday, February 21, 2006 GRYW, CKEI, IMTR, CWPC.
Feb 21 2006 8:54AM ET
Legit Solar Cell (including a-Si cells) Manufacturers:
http://www.solarbuzz.com/solarindex/CellManufacturers.htm
Mike
This is one of the biggest scams I saw in a while, IMO. The CEO @ his shameless promoter (Jeff "whatever" that for about 6 monts is publiswhing his misleading "newsletter" promoting this crap), belong in jail, and that's where they may end up, IMO.
Folks, if you believe (as I do) that a-Si solar cells will start gaining market share in the near future (right now it's at about 5% of the whole PV solar cells market - most of the rest are crystalline (c-Si, and mc-Si) Si solar cells), you just look for the legit a-Si solar cells manufacturers. This is NOT one of them.
PS: I'm an expert in PV solar cells, but not associated with any of the a-Si manufacturers. The only reason I'm writting this is to alert some of you that didn't do a good DD here, that IMO this is a scam. Before investing heavily here, at least you should seek the advice from someone that works in the PV solar field. If you don't know anyone, just ask the expert opinion of anyone that works in the thin film solar cells division at NREL (NationalRenewable Energy Laboratory). If not, just go ahead. It's your money.
Mike
Eddie, the warrant to common stock exchange ratio (if I recall) it's 2:1 (someone posted it here). So, the ratio should be maintained. Being a smaller volume, the warrant (PMEDW), however, will be slower to follow the common (PMED) trend, and the daily variations are larger.
Mike
Squire, you got the general idea. EOM
Mike
OT: Dear "Thin-Air." Part II (Board also welcomed to read it)
I didn’t initially intended to right something like this, but I believe for educational purposes it may help you (and probably some others) in the future not to jump your guns at someone you never met, don’t know, and never did any harm to you, or (I hope) to this board.
Better late than never, they say. Apology accepted. However, b4 jumping at any poster, in the future, you better do your homework first. If it makes you feel good about picking on others, you have many better choices within these penny boards. Find for instance your subjects from among those that “pump when they want out, and bash when they want in.” Read my iHub posts, and especially the comments that others are making vs my contributions. I don’t think I’m your best client.
You tell me I’m a “desperado?” Should I be? Probably I should if I would be in one of those many over inflated “sexy” stocks, and especially if my entry point would be toward the end of a run up. Not the case here, at least that much you seem to agree.
In the penny land, my strategy for quite sometime is to find what I perceive to be good value stocks that for a reason or another are at or near the bottoms. I hope you’ll agree this is one of them. I find them myself, and do my own DD on anything I pick, based on my self imposed quite strict criteria, weather the picks are large caps (e.g., ICO, my last pick @ 8.37 average as a medium to long term: 2 to 3 years) or pennies. I rarely pick any pinkie, and I mostly get into OTC:BB stocks that have: (i) a proven revenue; (ii) positive book value; (iii) aggressive Y over Y, and Q over Q growth; (iv) already EPS positive (or close to it); (v) with a Price/Sales < 1 (the lower, the better); (vi) low OS, of which (vii) insiders are holding – and not dumping – a large number of shares: low float; (viii) preferable no previous R/S history; (vii) yet sitting at or near the bottom, etc. Since I’m using this strategy, I’m doing very good. So thanks again for your concern, but FYI I have no motif to be a “desperado.”
My start up point before I even consider a penny stock, most of the time is the P/S ratio. I usually go for a P/S < 1, but for “sexy” stocks (e.g., GTEC), I’m willing to go for a higher P/S ratio. Look at my recent picks, or additions to existing shares: i.e., GDVI, VFIN, PMED, IGAI, SEVI, and now CKEI, read my posts to see my entry points, and hopefully you’ll understand I’m not at all a “desperado.” Prior to this, some good picks: MOBL (in around 0.02, out less than two years later @ upper 0.3’s); and most recently: CNCN (in around 0.03, and out in the low 0.3’s), and GTEC (in @ slightly over 0.05, and out close to 0.4). All of them I picked (or added) at or near the bottom, and the overall results (see my two bad recent picks: SSTY, and DKGR) are indeed very good.
PS: As for my typos, please feel free to correct them. In fact, I always encouraged my students to correct my English. English was for me the sixth (and last) language life made me learn, and I wish I was as lucky as most of you and only had to learn it as the first and only one. It’s not only English these days that I’m not doing the best with, but I’m afraid I’ll hardly pass a literature high school proficiency test in my mother tongue, not to talk about the other 4. So, while you should be thankful that English (the universal language) it’s your mother tongue, and you might consider in the future not to pick on anyone else’s just because some (e.g., at times some oversee people also write within these boards) make typos, and have a bad grammar, and not the best general phrase construction.
Mike
OT: Dear "Thin-Air" (Board also welcomed to read it)
Talking about “sexy” stocks, anything that has to do with Energy these days is a sexy (read red hot) stock. Further on, if the respective stock has even a marginal connection with renewable energy (as is the case here), in time it can become a “super-sexy” (read white hot) stock. For this stock, despite the good Y over Y, and Q over Q numbers, to sit at a Price/Sales ratio of only 0.77, shouldn’t make me feel a “desperado,” with my average (now) slightly below 0.022. If somehow (although hard to believe, IMO) it goes down even more, I’ll be there to pick up some more. That’s me, and that’s how “desperado” I am.
IMO, the price here was brought down by those over 90% traders that always seem to be on the wrong side of the fence. These people rather buy some “sexy” stocks, just because some newsletter tells them to, and seem never to learn that those sharks are dumping the shares on them at or near the upper end of a run up. On the other hand, they dump CKEI-type stocks at or near the bottom, just because some RB poster tells them to.
Talking about “sexy” alternative energy related penny stocks, please compare, for instance: CKEI, XSNX, and IHDR:
http://finance.yahoo.com/q/bc?t=1y&s=CKEI.OB&l=on&z=m&q=l&c=xsnx.ob%2C+ihdr.ob
I didn’t do a decent DD on IHDR (no revenue yet), but as someone who’s been heavily involved in developing many new renewable energy devices for some 30+ years R&D, wrote countless technical papers, and was teaching many engineering courses of same, and since PV solar cells R@D is my strong background, I can assure you that XSNX is a fake company, with no product as yet, no revenue, and a one man operation. Plus, from his resume, it’s clear the CEO (who's everything else as well) has no knowledge whatsoever about solar cells in general, and amorphous-Si solar cells in particular. Yet, I see the PPS is approaching $2/share. Being in the field, I receive tons of info on renewable energy. Somehow, last year I started to receive an unsolicited pseudo-newsletter almost daily (until I cancelled it) written by a self described energy guru (that in fact has no basic understanding of energy as a concept, let alone any details about various energy conversion devices). This individual is pumping this crap, like as there was no tomorrow, and purposely misleading (for instance he implies that the global solar cell market – some $12.2B in 2005 – is in fact the market within which this a-Si cells of this crap company operates, when in fact the whole a-Si market, of all those companies that already mass produce the a-Si cells, is below 4% of the global solar cells market). The more his poor victims buy this crap, the more intense his “promotional” efforts are, and this goes on for at least the last 6 months. This Jeff “whatever” guru will for sure ruin many people's finances by the time he decide to take on another assignment, and in the process makes many to believe that all renewable energy stocks are the same, which is far from the truth.
So, my dear friend, when you say I’m a “desperado” (afraid about my investment here), I can assure you that your concern is just “thin air.” No harm done, indeed.
PS: One more thing, dear “thin air.” I hope that (besides being rude) you are not arrogant enough to believe I wrote all the above to demonstrate to you I’m not a “desperado.” As a former educator, I still feel impulse to offer my help to people that solicit my help (as some do). So, I only wrote all the above, as a small educational tool for the benefit of those many posters that seem to need some help in (finally) picking their winning stocks. Some people fail to recognize they need help, but some even admit they do, and are not embarrassed to ask (at times) even silly questions. Plus, some might learn that being rude (as you were) does not pay off.
Mike
OT: "Best" post on RB:
<<BOOOO! I trusted you guys! All this positive talk on who's buying this and who's buying that. Oh! This stock is going to take off because this person said this and that. Well boys, NOW look where this stock is at. Hope your happy. If anybody has made sense on this board is BACON!! Two thumbs up to you my friend.
Besides, if ANYBODY is in control of the market-it's GOD!!!! Check out the Bible in the book of Haggai. Old testament. Chapter 2 verse 8: "The silver is mine, and the gold is mine", saith the Lord of hosts. It doesn't matter how much great news comes out about a stock, the Lord GOD Almighty is in control boy and girls.>>
--------------------
I've always been wondering why the price of silver and gold are going up. Now, I know why. 'Cause it's His, that's why. Oh, well, ... is Him taking some for His Heavenly palaces?
"I just don't want to hear any more "moanica-ing" here like you on the some other boards."
Hey smartie, are you on pills, or just floating on thin air?
FYI, I ONLY post on iHub. Took a look at the other boards, and saw on RB Monica's posts you most probably were refering to. So funny! As for you, my friend: Every village has a smartie like you, so your vitriolic personal atack brings nothing new. Go find some new subjects to show yourself how smart you are, as I'm old enough to recognize your type, and won't botter answering to you again.
Mike
It may be. But, since we already know the numbers are going to be very good, in the mean time it's a good time to accumulate. At least, that's what I'm doing.
Mike
Re: "Do you mostly concentrate on OTC bb and pink sheets?"
AAA, No, although I concentrate on OTC:BB, I do not discriminate, except that I only rarely go into pinkies. I also buy larger caps that are sitting at or near the bottom, after eliminating the risky ones (see my posts on ONEI BB this week, where I almost made the mistake of buying it @ 0.2, but fortunately decided not to). After the just release BK news, it reached 0.01 this morning, and now goes through a dead cat bounce move (you'll always find some people that still hope that what theuy read somehow is not true - to their defence, it's indeed hard to imagine that a company dating since 1880, that survived the great depression, will just declare Chapter 11, but as I wrote on that board, they do not realize that the banks force them do it, and the banks have allways the last world: screw the shareholders!) Bought last week very near to what I believe was the botton (@ 8.37 average) ICO, a very attempting long-term Energy (coal) company that will have the 10-Q on March 16.
I usually buy the large caps for long-term (e.g. NT @ 0.52 average several years back, MOT @ low 6's, NXTL in 3's). Bad choices: ARCH (now ARCHQ), after the BK still have (as a good reminder) some 360K worthless shares in my book (for over 3 years I believe) as the SOB's not even bothered to remove them for free, and won't answer any mail inquiries (Luckilly, I only got into it in the low pennies).
By far the best results, however, and lowest risk investments over the last several years (since I applied the low P/S, quality companies) I made with hand picked OTC:BB's. IGAI seem to be such a good choice.
Mike
And, of course, as usual the banks have their say. Hope you got out yesterday.
Mike
***Opinion @ Alerts:
At this point, it looks to me PMED it's again a good entry point. It should start exit the double bottom @ 0.016 any day now(after the 50% retrace from 0.032)
Check also: IGAI (already moving out of the double bottom); GDVI (should start moving next week, after the expected best ever 10-Q); VFIN (it started to move, expect the best ever 10-K, at the end of this month); and CKEI (a 50% retrace from 0.07, and double bottom @ 0.035 gone wrong - it should go up, IMO).
Re: CKEI. At this point the company is way undervalued, IMO. The Price/Sales it's only 0.83, the OS is relatively low, and the float is very low (insiders have most of the shares) - see Key Statistics. The P/S ratio for an average OTC:BB stock it's between 1.5 and 2, and much higher for a fast revenue growing "sexy" (oil) stock like this. After the 50% retrace gone wrong, I believe it would start going up slowly, and the next PR (which shoud come out any day now, IMO, and can only be good) would jump-start this much higher, IMO.
Do your own DD, and I hope I see some of you on one of the above MB's as well:
http://www.investorshub.com/boards/read_msg.asp?message_id=10092267
Mike