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B-Riley,, Just thought you might want to know there Tulaz...
Now to me this is one of the top 5 PR's that has come from
MMRG,, This is putting the product in front of people who
have the knowledge and finance to make things happen,,,
This is why I moved from speculative hold to speculative buy..
Of course Beer money only on all my stock buying and selling.
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That was me Buying this morning not much but what I could afford..
maybe this morning news will sink in.. who knows.
As always
Pilot
YEAH That is due to a sur-charge that they SMF, found on an internal audit and reported to the Government due to a us postal service contract. But hey at least they were pro active..
Anyway. Be safe...
Pilot
Yes it was people are starting to dig around into the filings I bet
and are making their bets..
Congrats..
Have fun.. whoop whoop..
No prob,, Hope it helps.. can't say it is all inclusive but it what I could find. Just be careful..
Link here will help..
http://business-bankruptcies.com/cases/smf-energy-corporation
Been digging around ok here is what I can find.
This firm has about 18=19 million in account due to them.
And about 8 million the owe..
But this is the how and why fore that I have been able to find..
Ok SMF did an internal audit and found that they had been adding
a extra charge to some of their accounts. One of them was with
the us postal service. Well they went to the government and said hey we found out we may of been overcharging you all. They find out at that point that the Gov was looking into the charges already.
Now with this going on the decided to restructure the way they charge
and started to loose money so it is said. Now how that can be not sure. If I offer a service and someone is willing to pay great if not find someone else to do business with. imho. But anyway they have this loss of income. So they figure they will just dump the non profitable assets all of them but Texas. Smell money there hey..
Yeah so do I. Well with the stated losses and the Government
looking into them The Bank says foul we want out.. But wait they
can not do it if they did that they would lose a lot of cash in the deal.. Soo they go into BK and start this sale of assets. Now we have already seen the 9 million offer on the table as a stalking bid.. Remember this just sets the bottom Bid. There are going to be
some parties that want this and how much they want to pay for it
I would look at the past profits. less a fine from the Gov ..
But by no means is this program going to shut down there are just way to many firms that use them.. Now I have to dig around into the Texas side of things and see what they are up to there.
As for the yahoo poster saying the SEC called them a fraud. Well I can't find anything on that yet so if anyone has a link plz pass along.
Pilot..
So far so good.
I think anything below 45 cents is a steal on this one due to the assets and the way this went down.. What is unique to me it that none of the directors sold and even added to their positions
at the first of the year less than a month from the time they got
a restructure fellow on board. They know something imho
Tulaz.,., One thing for sure. And this is just my thought.
I think that Bob is of good enough character that if he fully
explains his reasons so even I can understand them and the majority
of share holders. People count. Not share count said No he would stop and reconsider.
jmho..
Pilot
Anyone can buy and sell stock BlackJack, But how many honestly understand the issues in the filings. Honest?? It is not his job to
teach trading.. Sure he does not have to.. But if he wants people to understand what is going on with the firm he has to teach why and wherefore of the filings. The more knowledge the company shares with long investors on how the filings affect the firm in a common language the better the longs can asses the firm's direction.
The filing that todays PR talks about is long winded with formulas for the Warrants and the such. So we get questions like why
did they not buy open market or they are giving away shares etc..
And all the junk we see on the boards. You have to keep in mind that
online trading is still new in the investment world.. There are more individual traders who are bypassing the finical planner or individual broker, for the freedom of making their own finical choices in the market. And with the influx does not mean the knowledge of the investor is on par with the desired level playing field the SEC wants. So in being proactive in a simple language blog breaking down the different filings that hit the SEC site, Bob and company can preempt any confusion about the filings. Does it take time. Sure it does.. Like the question from Bob,that Saka7 was talking about did anyone notice I bought 1 million shares. Maybe they did but bet a lot don't even know the different codes on a simple form 4.. So example of the little blog and I would not use his current one. maybe a CFO Blog.. Saying hey today Bob bought 1 million shares at .0125 or what ever the case would be.
just a thought.
Of course you understand the risk of the Warrant holder is taking by holding those warrants right> ??
Why the answer to Saka7 question from Bob is pretty darn simple..
Bob not many penny stock investors are stock savvy paper ready filing gurus..
I.E. If your info put out on the filings are not followed up with a Kiss.
Keep it simple stupid(blog from cfo,ceo) you have lost most of those who are trying to figure out what the heck the filing says..
Example. NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED (OK as far as I can tell you can just bend over break wind
and poof there are more shares that the common man and woman have to eat ) Sure it may not be that way but look at it like this..
:shock: The 8k that had that in it not long ago. HOLY CRAP I GOT TO READ ALL THIS JUST TO FIGURE OUT WHAT YOUR DOING WITH
A .02 PENNY STOCK. !!!! NO AND H#$$% NO.. AND YOU WONDER WHY IT IS TRADING AT .02
BOB IT IS DUE TO THE LACK OF EDUCATION ON THE INVESTORS PART.
WE DO NOT ALL HAVE 4 YEAR ACCOUNTING DEGREES, KISS IT BABY BECAUSE IF YOU DON'T KISS IT ALL GOODBY..
Look most penny traders are just that we are regular folks who do
not have a investment planner who we pay OMG! Commission to make
a call on a stock. We look at the product the people and the price of the stock. All the other stuff is there sure. But again if a firm can not follow up on what it is saying by the SEC filings in a common language then it is to the determent of the firm your trying to build. Not your fault at all and as you educate your investors on Warrents,Options, in the money out of the money your building a knowledge base of people who can point it out for you in the future when your trading on a bigger exchange. Anyway
just my 02
Pilot
Sakata
would that 1 million shares at .051 Be the ones reported
For the RHL Group or Bob. Below is what I have for the RHL Group.
04/19/12 1000000 $51,000.00 0.051
And we could add the following. just to make a bigger picture on
just the Options exercise price
With the above the most recent that I kept track of.
05/27/11 1600000 $200,000.00 0.125
3/10 to 3/ 25, 2011 240000 $30,000.00 0.125
07/08/10 706605 $88,325.63 0.125
05/20/10 1600000 $200,000.00 0.125
Now out of all that oh detractors and the such
LOOK AT ALL THE FREE SHARES..
11/11/11 125000 Issuer granted $5,750.00
04/06/12/ 470000 Issuer granted $15,040.00
SO ALL THOSE FREE SHARES TO RHL GROUP A WHOPPING ALMOST 21 THOUSAND BUCKS. Come on they did something for that last one.
Like kinda got rid of Ductchess.
Not sure on that debate yet.. how did that turn out.
Cork, Question here. Fuelq
On march 20th is when the got Restructuring Services of
Soneet Kapila of K&C,, OK
Just a month prior this is going on and I do not find anyone of the
officers selling at all..
Shore Michael S exercises 27,779 shares of Smf Energy Corp (FUEL) stock; 3 Additional Transactions
February 24, 2012
$9,325 of Smf Energy Corp (FUEL) stock bought by Goldberg Steven R
February 24, 2012
And a Second on the Same day for the same amount..
$9,325 of Smf Energy Corp (FUEL) stock bought by Goldberg Steven R
February 24, 2012
Now I dug around a bit and the 3 subs of this also filed one of which had sales in the 57 million range if I saw it right..
Now this to me is not a BK stock or firm. This to me is a flat out
Pizzing contest between the bank and how the loan years ago was set up. Thing have changed and I think SMF got tired of getting it up the royal end. So they chose to
Look at the date of the loan Default a month after the Restructuring Fellow steps in..
Now to me this is a series of events that is saying hay we wanted
better terms on our loan Mr.Fat Cat Banker. You will not work with us so now we can play it out in court. I think the risk for the Bank is that another firm may already be lurking in the wings to merge or out right purchase the SMF in the BK leaving the old Loan terms sitting in the dirt and if the bank is not willing to play nice they could end up with no so nice terms of repayment of the Loan they have in place. Have you noticed how non-forging BK Courts are to Banks of Late. Justice may be blind but she still has a nose and Banks have put up quite the stink in the last few years. If I was the Bank in concern I would recalculate the approach on this deal and make it a smooth as possible.
And now they have no idea if penny players get into the game it can really put the whole thing into a new playing field that is if the super DD teams show up ... Anyway that is what I am seeing ..
Pilot
Direct from my medical record page...
My Alerts
[Options]
Fax (4) [View]
Voice Mail (0) [View]
Telemedicine (0) [View]
Ok I have 4 Faxes I have to file..
Zero Voice Mail at the moment .. But if I did have one and
it was one I wanted to keep I can file it..
And Oh lest I forget Telemedicine.
Yeah that one. The future of this firm. So while it will take
Years for the One time effort to get all that paper into
a PHR. Then you can live stream your info into the system if you
so choose..
I have suggested to Bob many times that they need to figure out a
way to accept incoming info from different apps dealing with health..
But figure he is going to run this his own way. If I had a Million bucks I would walk circles around what they are doing here but hey I am just a poor boy and this is the best game on the block..
So Anyway anyone hear anything of that coming soon 4medica that is
sitting there on my medical record page>>??
Pilot..
Look at # 3 on the list of top of sales..
http://www.hoovers.com/companyindex/Florida/Fort_Lauderdale/Energy_and_Utilities-1.html
Also dig deeper into stock purchases by this firm they have a lot
more that what is being put out to the general public on
any site that I have found but they took the other subs into the
BK with them and sales of one of those was in the 52 million range.. if i am reading it right. dig dig there is more than what is meeting the eye.. imho..
Bunch of gloom and doom is it really deserved.. ??
Sure I hate the dilution as much as the next person..
But I have to keep in mind the following facts..
Year on year MMRGlobal Inc grew revenues 45.91% from 972.9900k to 1.4197m while net income improved from a loss of 17.9001m to a smaller loss of 8.8844m.
Year on year, growth in earnings per share excluding extraordinary items increased 63.18%
In 2011, cash reserves at MMRGlobal Inc fell by 52.5900k. Cash Flow from Financing totalled 3.3313m or 234.65% of revenues. In addition the company used 2.8452m for operations while cash used for investing totalled 538.6300k.
Directors appear to be accumulating shares in MMRGlobal Inc. On average, during the last 36 months, they have purchased a net 182.39k shares and have shown positive accumulation for the current month-to-date.
Over the long haul they have done better and better year by year..
But the stock is sic very sic and I have to humble myself to Three
and just come out and say buddy you were spot on..
I was dead wrong. A little late I know.. But we can move
forward from there and if and only if they can produce some
sales and more sales and get some of these Super duper chitty chitty bang bang fa la la.. PR'ed contract and deals actually
producing something then maybe they can salvage this firms stock...
If not oh well I placed my bet and did my research..
But wait Pilot I thought your were all bullish.
Well I am still bullish and I think they can pull it off..
But I still think there are powers behind this that do not
want this firm to make it.. Why ?? Because they want the tech..
Sure the paper fax thing is part of it but also I have to keep
in mind they have in place a live digital feed from a active
scan with the ALC deal.. I am not privy to the contract.. But I would hope they contracted that each time the unit is used the
end product is pumped into a mymedicalrecord.com account as part of the base cost. If not someone should have their tail in a sling for not making that part of the deal. We can not go to these firms with our hat in had saying can we be part of your service. We need to say look we have the place to put all that digital information and a way to share it in a secure manner that has the Hippa stamp of yeppers it is good.. Sure it cost what thing of value does not. ?? So there you go my ramble for the weekend..
Only prob with that on this one is that there are to many side
factors that could kick this into an overdrive in a day..
So with my choice in professions I can not sit and babysit the
stock. So I hold what I have and wait. Win loss or draw.
my call no one else..
But messing with sheeple is a method used for sure by many
doubt your post will last long. LOL
Who or what would end up with the intellectual property,
Patents, and the MMRGlobal websites and subscriber if this
Company failed and could not pay the RHL Group loan>>??
Just wondering if anyone has figured that out yet...
Pilot
Oh and I still have all my shares down 70% overall...
Still stand by my research..
SMF Energy auction: Stalking horse bid set at $9M
http://www.bizjournals.com/southflorida/news/2012/04/27/smf-energy-auction-stalking-horse-bid.html
Fort Lauderdale-based SMF Energy Corp. sought approval Friday for a bankruptcy auction of its major assets with a bid deadline of 10 a.m. on May 24. A sale hearing to approve the winning bid is proposed for May 29.
Houston-based Sun Coast Energy Inc. has agreed to be the stalking horse bidder at $9 million.
Comments??
SMF Energy auction: Stalking horse bid set at $9M
http://www.bizjournals.com/southflorida/news/2012/04/27/smf-energy-auction-stalking-horse-bid.html
Fort Lauderdale-based SMF Energy Corp. sought approval Friday for a bankruptcy auction of its major assets with a bid deadline of 10 a.m. on May 24. A sale hearing to approve the winning bid is proposed for May 29.
Houston-based Sun Coast Energy Inc. has agreed to be the stalking horse bidder at $9 million.
Being in the Bulk Fuel sector myself only a whole lot more
things have been pretty darn good through the last few years.
The wording on the main documents leads me to lean towards
a getting rid of some old equipment that is not producing what they
want it to and moving debt around for a better return.
Also they did get into a pizzzing contest with a bank some time ago
and bet there is some sore egos with that old deal that may have moveed forward into this. I see them coming out of this a stronger firm. Maybe not of the same name but may end up like a Ice firm not long ago.
Anyway had some medical issues this last week so have not done all my research but feeling a bit better and will dig around a bit more.
Pilot
Just Gathering info and passing it as I go. Someone can make a list it they want
Streicher Mobile Fueling Inc.
200 W Cypress Creek Rd., Ste. 400, Fort Lauderdale, FL, 33309; PH: 1-954-308-4200;
http:// www.mobilefueling.com
General - Incorporation .............................. FL Stock- Price on:12/31/2008 ...................$0.242
Employees .......................................................267 Stock Exchange............................................NDQ
Auditor .................................Grant Thornton LLP Ticker Symbol.............................................FUEL
Stk Agt.............American Stock Transfer & Trust Outstanding Shares .............................14,940,000
Counsel...... Greenberg, Traurig, Hoffman, Lipoff E.P.S........................................................... -$0.25
DUNS No. .......................................................NA Shareholders......................................................74
Business: The group’s principal activity is to provide mobile fueling and fuel management
out-sourced services. The group presently operates over 100 custom mobile fueling trucks from 13 service
locations in California, Florida, Georgia, Tennessee and Texas. The group’s customers include
governmental agencies, utilities, major trucking lines, hauling and delivery services and national courier
services. The group currently distributes diesel, gasoline and alternative fuels to approximately 700
customers.
Primary SIC and add’l.: 5172
CIK No: 0001024452
Subsidiaries: H & W Petroleum Co. Inc., Smf Services Inc., Streicher Realty Inc.
Three, My Prayers are with you and your Dad..
Brave as we all put on to the public when it comes to
family any hospital time is a stress..
So my prayer will be that any outside stress will flow
off your back and your mind will be clear and your father
will have a successful hip replacement..
Pilot
Outstanding Photo. says a lot.
Cork I am seeing value in the filings past. This Q should not be.
Something is amiss. maybe it is the big middle finger to WF..
But thinking so far and have lot more research to do. But
This stock and firm are far from a Q stock. something to watch..
Will post what I find if anything in the next couple of days...
Pilot
Recon as much as I respect you how many pro systems are in the market right now.. A dog and a bone with a wish and a dream could
do better than our top of the line super sales person has done so far. The darn product will sell itself..
One person with a product in hand or car or Rv what ever showing the doctor how it can save them money and make there office more productive and get them hippa happy. no brain drain there.
There are a ton of hungry folks. And I don't mean food wise,, Hungry for a super product and a great reward up front and then the residual income from the duration of the contract. And once the pro is in the office,, Even when the contract expires. Don't rip it off from the front line sales person who got the contract. As long as the doctor uses the pro. What ever version the sales person gets residual. Now talk about these things flying off the shelf.
Amway on steroids so to speak.. bottom line I don't give a rip how they get them out the door Just do it already..
Anyway as I was sitting here bitching, I got another 3 page fax into
mymedical record on my sons shoulder. He is getting better..
The product if people will just learn about it and use it
is what will make this firm. All this other stuff just
gets in the craw.
That could be the $fuel.. for thought though.
hint
They ie bob needs to get a couple or RV's and put the Pro system in them and go office to office selling them. And far as I am concerned
he can pay for the set up and the RV's his self and get his paws out of the investors pocket. Enough is Enough.
Mac, Do you have a staff or do you do all this research on your own.
I have not seen so many links that are right on the mark.
Great JoB!!
Also side note...
SMF Energy discloses federal investigation
http://www.bizjournals.com/southflorida/blog/morning-edition/2012/04/smf-energy-discloses-federal.html?ana=yfcpc
Tbone,, For sure don't let it affect your though process.
Do your research and make the call. If your call ends up
with an overall loss rethink your thought process.
If you end up with a gain then maintain.
Just make sure you don't have all your eggs in one basket.
I made my call based on my research on this stock.
I did not think they would have to dilute the value of
my investment to this point. To get what sales they have so far.
I am not a "businessman" in the pubic sector so can not address
what their needs were to gobble up so much cash with such dismal
returns to this point. But at least there are some gains in
the feel good speculation on the future. I Expect Bob to make this
right with every bit of his effort and thought or sell the diamond
hourglass and what ever else he has and buy up the float and get his investment back when he does make this happen.
So yeah it can affect your thought process..
Happy trading.
Pilot
My feed comes from TD.. The chart program is a very old one that
is no longer supported but still can gather nuggets of info.
Old stuff anyway just something different/
http://www.corporationwiki.com/California/Beverly-Hills/health-tel-inc/41602890.aspx
Consider the source..
Sounds like our Drunk Ruskie partner has had a bit to much to play with last night in one of their nightclubs. LOL
No idea.
Like I sent you I got what I have win lose or draw.
Stable product, Selling enough to at least to give it some
exposure in the right sector. Now just waiting for the bottom line
to reach a point that I can share it again with those who I know..
Unique all around.
Kinda busy but I did a lot of digging when the name came up some time ago... Mucccchhhh better than the D.. imho...
Pilot