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Thank you for the compliment, and I did get your PM but I couldn't respond to your honest and appreciated thoughts because I gave up my premium subscription awhile ago.
Regarding Irregardless:
Irregardless is considered nonstandard because of the two negative elements ir- and -less. It was probably formed on the analogy of such words as irrespective, irrelevant, and irreparable. Those who use it, including on occasion educated speakers, may do so from a desire to add emphasis. Irregardless first appeared in the early 20th century and was perhaps popularized by its use in a comic radio program of the 1930's.
Source: dictionary.com
Actually some consider it a combination of regardless and irrespective. Getting two words for the price of one to drive a point. Its non standard use but not improper use of the good ole English language cyber ! Have a great weekend you smkys...
malc
TDGI. Went to the OTC site when I got in and that 10-Q that HH posted on Wednesday is no longer there.
Really looking forward to reading a "proper" 10-Q when they get the amended filed.
Now if EP and Fred cannot see how boxed in their stock is after the action this week and the serious need to get the uplisting done by any means necessary then there is absolutely nothing I can tell them. The market is shouting at them loud and clear.
UURAF. Listened to some interesting stuff on NPR news this morning about Obama announcing he is going to be setting up some military presence in Austrailia, and that the Chinese are not very happy about it. True, REE prices have been falling recently, and I think that may have some taking a wait and see what happens next approach but I see, sometime in the near future the US establishing a strategic reserve for REE's. Clearly, MCP and UURAF would be the two biggest winners in that deal, and UURAF could use some assistance in getting their mine to production as quickly as possible. UURAF has all the heavy REE's, most critical for military applications. MCP has the light REE's and it is important to remember that distinction. Its unfortunate that Chu screwed up so royally with the Solyndra backing, they should have done better DD. Now it is going to be more difficult for any start up company to get any kind of govt subsidy, grant, or assistance in any manner but I think with the strategic need for REE's being so great this will make the difference here.
With the Chinese already holding all of our notes I think our govt has to realize that we need this type of reserve should things begin to sour and they restrict US REE exports for any number of reasons that could feasibly sprout up. I'm still loading this and will buy more next week hopefully in this low range.
malc
Eddie, thanks alot for your detailed response to my negative DD post. I will read it again in much more detail myself this weekend, go through the current filing and also consider all the points that you have brought up that as a new potential investor I was not aware of. I will get back to you later this weekend because I've got my own business to run and a very hectic Friday ahead of me today. I have my own objectives that need to be met if I expect to keep my own business intact and profitable as well.
There's alot of good info in your post and I will do some more DD. Aside from being self-serving, sarcastic and negative by nature when approaching a prospective investment facing challenges, I am extremely pragmatic. And I can understand your initial reaction to my first post, you could perceive it as an "attack" on your company from the perspective of someone just analysizing the financials but in reality I wish you the best in your quest for success because I acutely realize myself the challenges of running a business successfully in this very challenging economic environment.
I'm glad you have also read my follow up posts because I think that if you step back a second from personal involvement and look at it from my perspective, a third interested party perspective, you may find that I have no alterior motive here other than to make an assessment after careful analysis after taking all factors into consideration. If I was not this way I would not have survived the last three years myself, many of my contemporaries and competitors have not. Look forward to chatting with you in more detail and substance later.
malc
Now that is very well said and I appreciate your honesty and clarifications on several areas I did not understand before - I will read the current 10-Q to brush up on the recent developments more since you have taken the time to so thoughtfully lay out the case of the shareholder from the longterm and for the longer term. That I can understand and remember I'm the newbie here just looking at things from that perspective. SMKY didnt just instantly arrive on my radar, I was encouraged by a bunch of you shareholders who I consider intelligent likeminded contemporaries to check it out so I did. Thanks for the long term history synopsis perspective, and alot of that helps me to understand why you are holding.
I see Smoky has already then has chosen Sysco over WW. Good move IMO, I assume they both require the non-competitor clause since they are major competitors and Smoky products are not staples, they are specialty items. Sysco basically smokes WW in all areas of capacity, distribution markets, product marketing, etc etc and my father in law works for WW but thats the bottom line. If sales go well in the Iowa market then comes the lucrative opportunity for an investor to lease a Smoky smoker in their own state providing Sysco is wanting to expand there correct? They will surely evaluate how the Iowa market receives the product now that the distribution channel is fully in place and expand if the model is successful. I can see why it is an exciting time to be in the company from your perspective and can see a lucrative opportuntiy in the oven lease side as an investor should the business model prove to be successful and the distribution channel already be place for your state. Maybe thats why Eddie steered you away at that juncture.
I can understand the soundness of the business model and I hope Smoky is well received in the Iowa market, if so I can see how things expand from there. Yes, after alot of trial and tribulation its out there and now the market has the chance to decide for themselves about the product. You guys love it, and it sounds damn tasty to me as well.
The biggest thing I want to know is how is Smoky resolving their current financial obligations? I saw 1.2M immediate cash needs and no cash on the books so obvioulsy a portion of any future 5M financing needs to go to resolving that. Thats from the old 10-Q. Of course some debt restructuring is always preferable to defaults, that is a no win situation for everyone. Ah, I see myself going there and I dont want to go there without hearing the word first. And accumulated debt is not a matter of fiscal significance, its more like a reading a horse program of past performance. In all honesty I think if Smoky can raise about 2M in the near term to address current liabilities due and the cash burn of current obligations they have about a year to build the revenue stream. Sounds like you and a bunch of you other guys think that the ducks are finally in line, so to speak, and I can see it happening. Of course as Charles pointed out earlier the revs will not be reflected instantly, and with market success the model could be expanded rather quickly and now that distribution channels are being tested you have every chance you could ask for at this point for longterm success.
Thanks for your honest thoughts. Person mark from me just for that, and those come rare lol.
malc
I think they just rushed it to get something posted dammnit cause they were alreay late. Now they had 45 days to get the proper info all included and looking like something we all can dig into.
I realize they dont get the numbers from FOX regarding Twelve until very close to their reporting period being up but still, get the rest of it ready to roll and fill in the numbers from FOX as soon as you get them and its a done deal.
Even the OTC rejected it as being insufficient and they are still on the pinks. We gotta take off the pull-ups guys if we are going to play with the big boys.
They may have rushed things a bit promising things they couldnt deliver in an acceptible timeframe but thats water under the bridge and fait accompli - Gotta start doing things properly here guys, the first time and on time. If you don't have the moxie to do this right then don't be a public company in the first place because the market is only going to give you so many free passes and they have used all theirs up.
On the positive end here gang I think we can't be driven much lower, but who knows, without the proper catalysts already in place the buyers may not be in the position to absorb any weakness. We keep saying this but it remains true, they will have to get their act together and better be soon if they want to have any reward from this venture at all, their interests are aligned with ours.
All of these disclosures and corrections should be completed and posted by the close of business, Friday, Nov. 18, to enable the Company to be restored to “Current” emblem status on the OTC Markets stock description page.
I interpret that to mean they are going to file a 10-Q/A.
What they really need to do is hire Harley and get it done right and on time on the first pass, eh?
That is my intention Farrago, to get a clearer idea of the overall picture so I can make an assesment knowing that I have not left any stone unturned. Therefore, I am extremely open to your CEO's opinions on the fiscal condition of the company and I can be persuaded, I think we all have in the past by thoughtful and well-researched opinions of others that may go contrary to our original opinion. And since I have already done many hours of DD on Smoky why would I not want to hear an educated opinion of another that may be able to show me something I am missing while in the diligence period before getting in, or deciding not to get in.
And a totally share your sentiments regarding the importance of DD Buckeye, whether in pennyland or digging into the fins of the Euro banks which I also have been doing lately because I see great LT potential in that sector but best to know which horses are best in the race, and in that sector, best to know how much exposure each has in regards to highly distressed holdings, Greece for an example, and the multitude other impairments potentially looming. Now that is some DD that will make your eyeball pop vessels and smoke come out of your ears but you damn well better do it and do it the best you can if you want a better than average chance of nailing it right. If you are personally directing your whole IRA, your kids college funds, your trading for side income account and your families accounts to then you better have the moxie to do the homework or else let someone else invest your money for you.
Thanks to the welcome from you other guys as well, and who here has gone thru the just released 10-Q? Hows the current liabilities looking? My last DD was from the previous 10-Q, havent gotten into the current, will wait on a response from Eddie first. There is no big hurry on my part, I like the guy already because I get the impression he is diligent and got lots of moxie, I do too. He has plenty of other business to be gettin after first and it seems he is. If you do fail ultimately, it wont be for lack of diligence or effort. I am willing to take my DD to the next level if I can get some of the concerns I already have addressed to my satisfaction. This is definetly not a scam by any means in my opinion, but Smoky is financially challenged and in a bit of a bind at this juncture. Of course any of you guys are more than welcome to take a crack at anything I have said already. I know you guys are kinda waiting to hear from the big dawg, so to speak, but I find it helpful hearing the specific reasons why you think SMKY can overcome the current challenges.
I am a very aggressive investor who specializes in emerging and distressed opportunities. When one is dealing with evaluating high risk/reward scenarios it is easy to get caught up the the roses of reward side and downplay the risk side in your own mind. At least it is for me, which is why it is all the more critical to be as diligent as possible and "keep it real" to yourself first.
When you adopt a strategy such as mine you are going to have some losses irregardless of how good your DD is, thats why it is even more important to have full confidence in your rationale in the first place. Nice discussion guys, best of luck to all of you in your various endeavors.
malc
Well written article on Euro banks in Seeking Alpha, I share most of the authors sentiments and I am building my basket in the sector. Bottoms might not be in just yet, Italian fears holding everyone down.
Dude got the ticker wrong for Banco Santander though, maybe he didnt want anyone to know he has STD.
http://seekingalpha.com/article/308285-european-banks-too-big-to-fail-redux?ifp=0&source=email_investing_ideas
I don't see what some of you guys find strange about offering to help Eddie if I could easily do so. Personally, I have nothing to gain from this but potentially Smoky Market does.
I have nothing against Smoky or any of you guys, I would prefer to see you succeed. My issues are with the current fiscal condition of Smoky, pure and simple. I would think that some of you guys would read your filings and find reasons for concern as well.
Just because a business is launching products and trying to get a foot in the door in a very competitve market is no guarantee of success.
I take my due diligence seriously. If that gets me painted as a basher by some so be it. I think your CEO knows where I am coming from and he is taking the time to put together a quality post to address my concerns. The guys who audit Smoky also have some of the same concerns. There is nothing else behind what I have already said, I am not trying to bash Smoky with one hand and hand them a peace pipe with the other, I'm just trying to wrap my head around the ultimate chance of success here guys, and I am also merely offering another distribution channel Eddie could choose to pursue if he wishes.
I dont get some strange sense of personal joy or financial gain by attempting to break others down like some clearly do. I am not short SMKY nor long SMKY, just another dude who likes to turn over all the stones before making any final conclusions. From just the filings I would stay out at this juncture, pure and simple. Eddie has said he will address the concerns and I will remain openminded and hear him out, consider his responses carefully. I would think that you guys would be glad I am around because this discussion should be to the benefit of all you shareholders as well.
TDGI. Apparently Fred and EP had a meeting today and realize that their recent 10-Q needs more clarification for the OTC, but as we have already suspected an amended filing is in the works. Well, like I said I didnt think that filing was up to snuff either. Mgmt says they will file a 10-Q/A tommorrow?
Jeez, I wish these guys would just say they are aware of the lack of clarity and are on it, not keep giving these definate timeframes when often they don't come thru in the specified timeframe.
http://www.otcmarkets.com/financialReportViewer?symbol=TDGI&id=65645
I don't need further explanations from Eddie to ask him if he would like to pursue a business relationship with Western Foods.
Its obvious that he is working hard to get your products into as many distribution channels as possible. I suspect that the deal with Sysco would likely contain a non-competitor clause, but maybe not.
And yes, I rip apart filings, thats the job of any self-directing investor IMO. I rip apart the filings of my own holdings and I am not afraid to express my findings, positive and negative, concerning my own investments either.
malc
Thanks Eddie. I am not negative net on the company whatsoever regarding your product, vision or diligence in securing future success. If you read my follow up posts I am actually understanding the potentials here as well. My father in law has a career in restaurant dist business, so I kind of know the ropes a bit. Western Foods. I think there is real retail end potential as smoky products are competively priced.
If the deal with Sysco is not exclusive for distribution then I will try to help you out the best I can with getting market exposure to your product as I can. Arkansas market. Thnx for your reply.
malc
When you crunch the numbers it becomes apparent that only the pinksheets stigma can account for a valuation this low. Look forward to the day when we are on the OTCQB and can draw a whole new arena of investors who require more than pumps and momo to make their investment decisions.
As I said, the filing is not detailed enough for me and maybe they will put out an amendment clarifying some of these things now that the more pressing issue of just filing period has been accomplished.
2.9M in earnings for the nine months is my understanding as well, but we really could use some line by line income, balance, and cash flow sheets guys. Plus alot of paragraphs that further clarify those lines.
I'm ready for us to be on the OTCQB already, so we are going to have to start reporting in better detail - My guess is that they were pressed just to get it posted and that future filings will be more up to snuff.
Absolutely NOTHING about these numbers are fishy or unimpressive to me, and I follow this investment of mine closer than a hawk. Everything is plausible and pretty much what I expect to see bottom line, we just want to see HOW we have arrived at this bottom line clearer.
malc
Sir, I did some pretty indepth DD on your company last week and shared my thoughts on my board. Some of your stockholders also frequent my board and I was encouraged to look in SMKY so I did.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68940912
Now that was not a very positive assessment of your company, but it is not a personal attack, I promise. I just saw alot of big red flags for a potential investor in your last 10-Q, and I have not read your current report because I have not received any responses that satisfied my concerns. Perhaps you would be willing to address some of the points I bring up in that post.
Other posts that follow also show reasons why I am skeptical of purchasing SMKY stock at the current moment.
You have some fine shareholders sir and I wish all of y'all the best of success in your ventures. Also, you have my respect as you are very brave IMO to address shareholders one on one in a venue such as this.
As I learned after that DD post I see you are working on some private financing for your ventures as opposed to issuing more stock. Obviously, that is preferable, but when a company issues preferred stock to private finaciers they usually demand dividend compensation for their risks and that is understandable. Any detail you can provide me on how you can raise the capital necessary to meet current fiscal obligations and fund future ventures would be helpful to me. I am concerned that the issuance of preferred stock could be detrimental to holders of common since quite often the divis paid to holders of preferred cut into earnings and can have the same negative effect on the holders of common as say doing a private placement of more common shares.
I am glad to see that after doing some DD yourself on the advantages of being listed on the BB you now realize that in actuality the BB is not the exchange you want to be on, and I commend you on meeting the requirements to list on the OTCQB. While not pretty to me, I respect that your and your crew are reporting your filings in a very professional and honest manner.
Regardless of whether or not I decide to take a stake in your company I wish you and your shareholders the best of luck.
malc stone.
TDGI. Yes, it looks as though those costs are included to me although this Q lacks in some detail, but I am fine with it. The company is doing great for a small operation and they will get better at these filings as they move to a higher exchange. They are going to have to, period. One, shareholders demand it and they have gotten the message loud and clear, two, they will instantly see IMO the advantages of being OTCQB and will strive to maintain compliance rather than go back to shitland.
Producer Acquisition Advances Due
671,697
This line from the fins most likely includes the 600K I know we were willing to bid for Turtle as per private face to face conversation with Fred.
I hope we can have a good day tommorrow here guys, but smoking pieces of turds with wings on fire and losses, not earnings, are fairing better than us at the moment.
Our day will come, my faith is renewed and I think Turtle revs are going to smoothe kick ass. Because this Q is not as detailed as I would like it is hard to determine if there are any proceeds from Seaworld at all counted at this juncture. I very well may contact Fred for some clarifications, we have a good relationship.
malc
IRLBF is BKIR.L shares traded on the pinksheets here. They only are cleared through Mellon in NYC so shares can be difficult to purchase/sell and volume is limited and often illiquid so you want to make sure you get them at a proper valuation IMO. For example BKIR.L closed at .09 today so take that times 1.36 for the euro conversion and you get .1224 - that is the intrinsic value of IRLBF currently so at .14 IRLBF is trading at a premium to BKIR.L
By contrast IRE closed at 4.66 today. To see how close it is currently tracking BKIR.L you take .09 x 1.36 for the conversion and then multiply that times 40 - 4.89
IRE is an ADR, American Depository Receipt, which represents 40 shares of BKIR.L
So IRLBF is currently overvalued compared to BKIR.L and IRE is currently trading at a discount.
Hope that helps.
malc
OINK reports record revs and a record eps quarter of .29 and the stock falls 8% today.
Go figure, its Chinese. Watching these from the sidelines now is oddly entertaining to me. No sense trying to predict jackshit about the action from reading the reports anymore lol.
malc
Looked again, no price target for the stock but they did predict 2012 EPS of .19
I dont think they put their price target on this one.
Link from the post works for me.
While I am no mlkr ( he is the man ) I have been loading here but who knows if you may get a better entry with the EU still in hairy shape, at least as far as the markets are concerned.
I got some IRLBF as well but it can be a real bitch getting shares filled there and after todays action it is back to trading at a premium to BKIR. IRE tracking BKIR pretty dang close in relative price at the current moment, so anytime it is doing that it is a buy IMO.
malc
WNDEF. Nice to see our little gem getting some coverage from the big boys. Analyst recommendation is BUY.
http://solutions.standardandpoors.com/NASApp/WS/EntryServlet?pc=IVS&tracking=IVSWESTERN_ENERGY_CORP&auth=user&pagename=encrStockReportPDF&company=066004068197170006230028036178050167229073150196
Italian bonds. Its real scary stills. IMO the bears and those who would wish otherwise for the EU to fail are behind this mess just as bad as how the politics of the PIIGS got the debt crisis to this point in the first place.
Sharks are smelling blood in the water and moving in on Italy. The new govt better come up with something good quick.
WNDEF. Letter to shareholders. Not sure what to make of this on first reading. Perhaps the shareholder aligned w Algonquin got pissed off that he was not able to cash out his shares at 2.50 and now wants to forcibly change mgmt so they can try again?
Looks like short term turmoil already brewing, shares on sale again today anticipating a drop on this announcement?
Opinions guys?
malc
Western Wind Energy Corp. -- (Toronto Venture Exchange -- "WND") (OTCQX -- "WNDEF"), is pleased to announce that a letter to shareholders recorded on the NOBO list (Non Objecting Beneficial Owners) will be issued today. For the purposes of timely, fair and full disclosure, Western Wind Energy will issue the full contents of the Letter, in this News Release.
Letter to the Shareholders of Western Wind Energy
Western Wind Energy Corp. is updating its shareholders and stakeholders on recent events that may have a negative effect on the value of the Western Wind Energy share price and influence future decisions and actions of Western Wind Energy shareholders going forward.
On November 9, 2011 Western Wind Energy received a letter from a proxy solicitation agent requiring that we release to them, a list of the Western Wind Energy shareholders. While the reason they have requested the list is not known, such firms often represent companies that may seek to take control of management of a company by way of a proxy contest or other means. The possibility of a looming proxy contest has resulted in the Western Wind Energy sending you this letter, setting out some of the consequences surrounding a proxy battle and potential negative impact to the Western Wind Energy shareholders.
A proxy battle is different from a takeover bid. In a takeover bid, the bid is either successful and all shareholders walk away with compensation in exchange for their shareholdings or the bid is not successful because the shareholders declined the bid.
In a proxy battle, a small group of shareholders (the "Dissidents") claiming to have the best interest of the shareholders in mind, look to nominating an alternate slate of directors. The Dissidents, do not offer any compensation to the shareholders. Instead, the Dissidents often propose that if their alternate slate is elected, they will bring a greater value to a Company's shareholders. This is rarely the case.
Western Wind Energy's management is confident and proud to say that there is not another alternate management team or board group that can offer any material performance improvement over the current management and board of Western Wind Energy. Much of the heavy lifting needed to make Western Wind Energy a long-term success - the present construction of 160 megawatts in clean energy capacity to be sold under long-term sales contracts at very favourable rates - has already happened under current Management. In the near future, Western Wind Energy will begin to reap the benefits of these efforts.
And the market believes in us. Western Wind Energy has seen its share price increase by over 400% since March 2009. This growth has happened against a backdrop of uncertain and volatile equity markets - and in particular, in the pure renewable energy space, which has seen almost all public companies, both big and small, experience significant declines in their share prices.
Western Wind Energy is currently being led by a dedicated and successful management team. The management team is supported by an entrepreneurial and growth minded board of directors. The Board operates with Corporate Governance, Compensation, Audit and Corporate Disclosure committees. The majority of the Board is independent.
The head office of Western Wind Energy is an extremely lean operation with only nine employees (we believe our renewable energy peers have significantly larger head office staff often up to 40 employees for the same megawatts). Management comprises individuals who have been in the wind energy industry since the industry's inception back in 1980. The knowledge and expertise of the entire staff (which includes five chartered accountants and two lawyers) is further accentuated by what we believe to be excellent market intelligence through the relationships and contacts developed throughout the industry.
Western Wind Energy prizes itself with running a fastidious and efficient operation where a small staff is motivated by their passion of renewable energy and are rewarded by bonuses, based upon success, that constitute a small percentage of the net present value of projects that are added to the Company.
In essence, we believe that a dissident group would be hard pressed to bring in a better board or management team as the market indicates none exist. We also believe that any proxy contest has the potential to plunge the Western Wind Energy into seas of uncertainty and affect its share price and management's time is diverted to deal with the dissidents and away from advancing Western Wind's business plan. We believe a dissident group would be hard-pressed to re-create the unique high growth track record of current management.
It is the goal of management to continually grow the assets of the Company at a rate that is consistent with our proven track record and humble beginnings of less than $1 million in assets in 2000 to over $340 million in assets in 2011. With our projects coming on-line this year, we expect to see significant revenues from those projects in 2012 and the hard work of Management coming to fruition for the benefit of the Company and the shareholders
The Management and Board of Western Wind Energy hereby advises all shareholders to carefully consider the statements of any dissident group or their agents and think about whether the statements of these dissidents are truly accurate, given the success achieved already, by Western Wind Energy and the future success, that only the current team can achieve.
ON BEHALF OF THE BOARD
Jeff Ciachurski
We are not right around here Harley, thats a given. We need to add that as a disclaimer. Better yet bring back that "Warning: Explicit Material Inside" we had in the Ibox of the original board. That'll scare em off again and if it doesnt then oh well, because that image there is wrong my bro and you definetly aint right but hey, me and the fams love y'all anyway...
Just dont whip out the neuro-rectal deal, deal?
We can pitch in and collectively buy us an Aura and a Core down the road to scan us for all kinds of radioactive malignant growths from said fallouts - The core cant come quick enough for me to scan my own brain and see if I have some currently regressive, but prone to fire up at any moment, form of Nummnutosis, that would explain my China manuevers in the past.
The trail of tears for alot of us, financially speaking. Set me back a bit but getting my mojo back as of late. Sold that damn PEIX way way too soon, still has legs breaking a buck today but thats how they roll, the momo buzz is still in full effect over there.
OINK and CCCL earnings sure were both impressive, too bad no one gives them any credit anymore or do they? In the case of OINK I've been following the action pretty close there and although I dont have the charts with the technical indicators I suspect accumulation has been going up again.
SRRY. Another one bites the dust. Glad we got out of this a long time ago and not too underwater Harley. Knew something was up when they refused to respond to any of our emails. And to think at one point they sent shareholders a physical shareholders letter in the actual mail.
And here I thought that was a sign of concern for the shareholders and a nice touch. Just another shuck and jive lol.
http://www.sec.gov/Archives/edgar/data/1288195/000149315211000480/form15-12g.htm
SRRY filed form 15 to delist its shares. Game over.
Not SRRY I got out of this POS when they refused to respond to my legitimate questions many months ago. GL everyone.
http://www.sec.gov/Archives/edgar/data/1288195/000149315211000480/form15-12g.htm
LYG. This is a good figure to know considering that all eyes are now on Italy, and investors really need to know how much exposure their holding has to Italy.
Lloyds Banking Group, meanwhile, has the smallest exposure of Britain's big four major banks, with £2.7 billion of Italian holdings, just £52 million of which is in the form of government bonds
Good to know about LYG. I hope I can add some funds this week to load a bit more while it is still sub 2. Who knows, we all might have ample time to load anything we want in this sector as the cloud of doubt does not seem be anywhere near lifting in the near future, but you never know.
BKIR fins look a hell of alot better moving forward from here. Bad mortgage writeoffs have peaked and should continue to come down. It was nice to see bank deposits increasing again, its a small factor in the fiscal health picture of BKIR but nice to see some consumer confidence returning. Bank loans also going back up. If the EU survives this debt crisis and stays intact I think we have two big winners in IRE and LYG longterm.
malc
OINK. Puts out great numbers today.
http://finance.yahoo.com/news/Tianli-Agritech-Reports-Third-prnews-3409928083.html?x=0&l=1
I waffled between going back into BWOW at .80 and OINK at 1.50 and blew that one. OINK has been on a steady rise before earnings and has had sustained reasonable volume so I wouldnt be surprised at all to see a pop in pps again tommorrow since the earnings came out AH.
I dont know why I still torture myself following and trying to figure out these damn Chinese stocks but I do. I guess I am a glutton for punishment one and always looking for the one good apple in the barrel.
malc
stills - Still following CKGT? .18 eps for the Q and .38 for nine months, stock climbed to .39 today, LOL. I ten bagged CKGT from 08 but I don't think this possibility exists anymore.
BWOW - rough earning this Q of .03, but .20 for the nine months. A pretty damn high A/R of 16.6M could have impacted the weak earnings - Q for the board, is it acceptible using GAAP to factor in your A/R in earnings? A percentage perhaps? I would figure that A/R is not calculated into earnings because it has not been collected yet but I don't know how. I do know that one of you guys knows lol.
BWOW mgmt asserts that the A/R will be collected because it is owed from reputable "blue chip" Chinese companies.
Pretty much sick of China peroid at this juncture though and will likely unload my small stake of BWOW for a small loss and move on. Only paid .80 for the shares so I will be taking just a little trim compared to the Hare Krishna special I got last year courtesy of China.
malc
stills - From my understanding that's one of the biggest problems for dermatologists - They are not that accurate in detecting cancers as opposed to beign growths by visual exam, hence the reason why they perform more biopsies than will necessary using the Verisante Aura. And the accuracy of GP's is even less, and they are routinely asked to perform diagnosis in areas where dermatologists are in high demand.
Despite “ABCD” being the standard screening method for melanoma since the 1980s, well-documented studies
have shown its sensitivity (i.e. – identifying all melanoma lesions) among dermatologists falls anywhere between
only 65% - 85%. In other words, the “ABCD” method when used by dermatologists typically fails to identify 15% -
35% of melanomas. While sensitivity of “ABCD” is generally relatively high when used on moles of 6 millimeters or
larger, it suffers when used on smaller moles. Since melanoma increases in size as it progresses, “ABCD” may fail
to catch a significant portion of malignant melanomas at its earliest stage. As highlighted by the chart in the
beginning of this report, early diagnosis of melanoma is critical as survivability of the disease plummets over time.
Specificity (i.e. – lack of false positives) among dermatologists using “ABCD” varies widely depending on the study
cited and has ranged from as low as 4% (as seen in MELA Sciences ~1,400 lesion study) to as high as 96% in
other large trials. In other words use of “ABCD” can result in a significant number of lesions being diagnosed as
melanoma and unnecessarily biopsied. Skin biopsies are not only costly (~$1,000 each), they are invasive,
uncomfortable and can cause scarring.
Preliminary results of a six-year study have shown Verisante?s Aura device had 100% sensitivity and 70% specificity
in the diagnosis of melanoma. Statistical analysis of the full trial data is expected to be available by May 2011.
Sensitivity and specificity of the “ABCD” method when used by general practitioners appears to be significantly
worse (in general) than with dermatologists (as might be expected). Verisante cites data from a study published in
the British Journal of Dermatology which showed sensitivity and specificity at only 33% and 34%, respectively.
The study, conducted in Australia, examined 8,694 skin excisions taken over a three year period, mostly from general
practitioners (202 GPs and 42 specialists, including only 1 dermatologist).
This study highlights an issue in Australia, a country which Verisante believes offers significant opportunity for Aura.
Despite having the highest incidence of skin cancer, Australia has relatively few dermatologists. As a result,
Australian skin cancer clinics are primarily staffed by GPs, which according to this study, may diagnose melanoma with a relatively low level of sensitivity.
Source: Zacks
I didnt realize until reading this that Austrailia had such a high incidence of skin cancers and so relatively few dermatologists. The full report of Zacks is a good read if you have not checked it out yet.
malc
The whole last three years have given me an acute sense of calling a spade a spade and especially when you are in the trenches.
We are both back to basics brother, thats where we started.
malc
Harley, remember when I sent you over my moms fins and legal agreement to buy that business she had no idea about from experience but yet was willing to give it a go?
Kinda the same thing to me and I did her DD for her back then and told her all my honest thoughts and she bought it anyway, with her friends because sentiment outweighed her ability to make a proper fiscal assement, and now I am in the middle of trying to iron it out and save some of her skin, arrgh.
Theres another pump post, hey we love them around here.
Take some time and address what I have already said with some seriousness please. If you are now telling me to mark that you will be up 10x in six months from here I hope so for the other folks invested who have addressed me with more respect.
Oh, and SMKY is hardly undiscovered, they have been in business since 2006, have raised alot of funds for initial operations there at .50 a share and above, done plenty of dilution since and offerings of all sorts at lower prices, and now need more money and lost money every quarter inbetween. You really dont need to go here man. Save your pumps for your board if you dont want to respond to what I have said intelligently. There are plenty of pump boards out there and this is not one of them.
malc
No disrespect Charles but I've already read that post from you before on the SMKY board and my response is that the ONLY thing you need to be worried about is the current fiscal condition of the company you are invested in.
That SYSCO is distributing your products in one state as a trial is not a major game changer when you have current liabilities of about 1.2M and one thousand bucks cash. And no sales to pay these people off, on average you have been losing 500K per quarter.
What about that SYSCO distributing your products in one state is a game changer at this point? The product still has to be purchased on the retailer end, and to date net sales have not even come close to covering the costs, and thats being polite.
If you want to have an honest discourse here regarding SMKY I am all game but I suggest you brush up on the last 10-Q first and respond with an intelligent counter on my DD post for starters.
You are free to pump all you want but there is no substance in your last post and I dont think you will gain much credibility around here by telling me to focus on the SYSCO deal, are you serious?
Other folks here have likely done some DD as well and are being polite by not charming in so I'd watch it with those kind of responses. I spent hours diligently researching SMKY and just sharing the facts, and the fact is a deal with SYSCO Iowa distribution zone is not going to solve the immediate concerns.
malc
You're right there and I know that already from the last 20 years. I let sentiment get in the way of logic and was going with you karmically for your beloved Bills. Plus I dont care much for the Cowboys, what self-respecting Burgher by birth can?
Was kinda hoping to get to beat up on the Bills in the playoffs though. Getting tired of beating the Jets on the way to the show, and it hurts Harley a bit every time, just like when the ole Hogs got up on them ole backyard pimps last week.
And we all looked into the ole tractor boy from China, and I'm the only one that said better not sip on this snake oil although it was good for a nice pump momo run there for awhile.
malc