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OCCX, ask side very very thin!
OCCX ... its gonna go!
Time to move up, giddy up!
OCCX .. about to break out!
OCCX - Nice moving coming!
Posted by: Threeflight
In reply to: mark3554 who wrote msg# 1560 Date:1/30/2008 12:07:13 AM
Post #of 1574
OCCX-Nasdaq shell-at .06/$6 M cash/0 debt looking for merger/book value of 83 cents
This used to be RHEO, an eye company on the Nasdaq that traded for $10-$12. I used to trade it all the time in the dollars. Recently they disbanded their hopes of their RHEO™ System for the treatment of dry age-related macular degeneration ever being a huge market seller. This was the company's main target as far as making money. Now the stock has fallen all the way to 6 cents!
They are now essentially a shell looking for a merger or some other avenue of making money. The thing is, they have NO debt and $6 Million in cash. Book value is around 83 cents if you add in their other assets. Their cash value for JUST the money they have in the bank is over ten cents. They file complete financials. They are on the NASDAQ. They are looking at a new acquisition, a new merger per a recent PR, whatever. It doesn't matter. As soon as they announce any type of move, with only a 57 M OS and a 28 M float, this is going back to a dollar.
Here is a recent PR....
"The remaining members of OccuLogix' executive team will continue to concentrate their efforts on raising additional financing for the Company, on assessing strategic alternatives to maximize shareholder value, and on managing OccuLogix' ownership stake in OcuSense, Inc. In support of those goals, Elias Vamvakas (Chairman and Chief Executive Officer) and Tom Reeves (President and Chief Operating Officer) have both agreed to accept a 50% reduction of their salaries commencing on February 1, 2008.
As first announced on October 9, 2007, OccuLogix continues to explore the full range of strategic alternatives available to it to maximize shareholder value. These alternatives may include, but are not limited to, the raising of capital through the sale of securities, one or more strategic alliances and the combination, sale or merger of all or part of the Company. OccuLogix stated that there can be no assurance that the exploration of strategic alternatives will result in a transaction. The Company does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has approved a specific transaction."
Look at some of these valuation measures...
VALUATION MEASURES
Market Cap (intraday)5: 3.55M (they have cash worth 6 million)
Enterprise Value (29-Jan-08)3: -2.80M
Trailing P/E (ttm, intraday): N/A
Forward P/E (fye 31-Dec-08) 1: N/A
PEG Ratio (5 yr expected): N/A
Price/Sales (ttm): 11.50
Price/Book (mrq): 0.07
Enterprise Value/Revenue (ttm)3: -9.22
Enterprise Value/EBITDA (ttm)3: 0.114
FINANCIAL HIGHLIGHTS
Fiscal Year
Fiscal Year Ends: 31-Dec
Most Recent Quarter (mrq): 30-Sep-07
Profitability
Profit Margin (ttm): N/A
Operating Margin (ttm): -10087.81%
Management Effectiveness
Return on Assets (ttm): -25.54%
Return on Equity (ttm): -52.67%
Income Statement
Revenue (ttm): 303.85K
Revenue Per Share (ttm): 0.006
Qtrly Revenue Growth (yoy): -82.20%
Gross Profit (ttm): -3.34M
EBITDA (ttm): -24.50M
Net Income Avl to Common (ttm): -29.37M
Diluted EPS (ttm): -0.534
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 6.24M
Total Cash Per Share (mrq): 0.109
Total Debt (mrq): 0
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 0.951
Book Value Per Share (mrq): 0.835
Cash Flow Statement
Operating Cash Flow (ttm): -17.00M
Levered Free Cash Flow (ttm): -7.45M
View Financials (provided by EDGAR Online):
Income Statement - Balance Sheet
Cash Flow
Any type of merger they announce, I'm assuming with another eye company, and with the short here and the way this has been beaten down takes to a dollar. This is unlike other shells. There is no debt. They have millions in the bank. They already file financials.
Its a beautiful setup for someone looking to go public.
Look at this chart. It has bottomed and is ready to move up.
Stock looking stronger everyday, should be .30-.40 now and the future 1.00 +
Drift, not in yet. Any chance they do a R/S since the share count is so high?
Am I missing something here, at this price it looks too good to be true, scanned some of the filings and looks too clean to be a pinkie. Someone pinch me
CYOS going to .005+
Are there still 6 on the ask?
CYOS looking good for a breakout
INFO ON CURRENT LISTED PRESIDENT: (more links)
http://patricksmyth.net/documents/29.html
Yes. I did notice that, interesting, I got a really good feeling about this one, something BIG is headed our way!
CHECK THIS OUT!! : - More potential links to mergered Co.
CYOP's current legal address is:(off website)
c/o Karlsson Law Corporation
475 Howe Street, Suite 1100
Vancouver, BC V6C 2B3
Canada
Info: on Karlsson below, the Asian import of clothing might not be too far fetched, this guy is big into Asia
Mr. John Karlsson
John Karlsson, Esq., embarked upon his international business career in 1991 as an entrepreneur positioned at the heart of Pacific Rim resource and technology exchange in Fukuoka City, Japan. Establishing relationships throughout Asia and growing a reputation as a relentless and respected entrepreneur, Mr. Karlsson grew several successful private ventures based upon North American resource trade to Asia and the return of Asian technologies back across the Pacific.
Educated first in International Capital Markets during his business in Japan, Mr. Karlsson furthered this education in Canada at the globally acclaimed University of Victoria completing a bachelor's degree with a focus on International Business and Commerce moving then into International Finance with a Law degree from the University of Manitoba. Karlsson Law Corporation was founded in 2003, with a strict focus on the development and finance of high potential private companies, assets and opportunities with an eye always on Asia and now in particular, China. This focus has sustained and prospered through Mr. Karlsson's practice in the areas of securities, corporate finance and commercial law. Through this practice, Mr. Karlsson has regularly advised partners and clients in respect of local, national, international and cross-border public and private financings, mergers and acquisitions and corporate reorganizations. Mr. Karlsson's relationships and knowledge have ensured clients are structured for strong future growth, utilizing jurisdictional strengths in their asset and intellectual property protection, licensing and growth initiatives. Karlsson Law Corporation has further provided expertise in matters of corporate governance including takeover bids, proxy disputes, special committee matters and all matters relating to structuring and operating boards. Karlsson has assisted client and partner companies in their listings on the Toronto Stock Exchange (TSX), NASDAQ, the London Stock Exchange (AIM), and the American Stock Exchange (AMEX) as well as various other international stock exchanges.
He also is a the largest shareholder in Asian Dragon Group (OTCBB:AADG.OB) owns over 5 million shares & CEO - SAME ADDRESS
AADG - ASIAN DRAGON GROUP Click here to order Full Report
Asian Dragon Group, Inc.
1100 - 475 Howe Street
Vancouver, BC V6C 2B3
Canada
Phone: 604-801-5995
John Karlsson, CEO
I'm in. Gotta be in it to WIN it!
There they are ..let's ROLL!!!
I just bought almost 4 M shares at .0002, why is it not showing up on Level II
I agree, this is not looking good
I hope this is not dilution!
Do you have Chris's email address?
FOGDOG -
Please post Chris's phone number, we need answers!
Hopefully the volume yesterday was short covering and we head up from here! :)
That would be great....thanks for doing this!
Bah Humbug .... GO CGGP
I dont have any free money laying around right now but I would say this is def a buy here
CGGP, Bell Buy!
I think we are seeing the last of the tax loss selling. Someone needs to get a hold of Chris. Does anyone have a reliable phone number for him? I will call.
I think we are seeing the last of the tax loss selling. Someone needs to get a hold of Chris. Does anyone have a reliable phone number for him? I will call.
Leeder -
Please inform us a bit more on your homework that you did and the .0775 price.
Thanks,
Mom
CGGP , ridiculously cheap here!
Man, this is BORING, let's get this party started!
Fogdogg -
any luck? What number are you using to reach Chris? I wouldn't mind calling him myself.
Looks like someone put in a market order, tax loss sell IMO
Okay, has anyone gotten a hold of Chris, we need to get this party started!
And I thought I got a good deal at .0012! :(
Very boring day today!
foggdoggg -
Any more conversations with Chris lately?
Yeah, drink more purple Koolaid!
I think people loading up at these prices are going to look really smart soon IMO! These prices are a steal!
Just got filled at .0012, when is this puppy gonna run! It's long overdue!