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The news was indeed good. Yet no move. Bet people are waiting to see the numbers first. Hope they are going to be more solid than we already know from the January PR.
Something wrong with a bounch of other good stocks I own (e.g., MOBL, GDVI, VFIN). For instance: MOBL, and VFIN after all time high, solid numbers, went the wrong direction. Last week VFIN (one of the MM's), after an EPS of 0.08/share, low float, and 7 consecutive quarters growth, went from 0.35 to 0.3 (as low as 0.28). Market value of about 1/2 of revenue, and the P/E of only 3.6. Totally insane! MOBL, a while ago, after a 17MM/quarter revenue, and expected 25MM revenue, and EPS positive this Q (compared to zero revenue, and lots of debt in 2003), and great forward looking statements (e.g., the company is looking to ways to list to either Nasdaq, or AMEX, w/o R/S) went from 0.25 (the day before the Q release) to 0.16 now. So, I wonder if CIRT will ever leave anytime soon the 0.03 to 0.04 range it's been for a while (on a sustainable basis, even after the filling comes out).
Better stop here!
I guess the best approach with these penny stocks is not to follow them every day. Sooner or later they have to make the jump.
Best 2 everyone here. See you all after the release (hope we won't get the E stuff in the mean time).
Mike
Hoagx, are you the one from MOBL board?
What's going on with MBAH? I was following it for quite a while, and happy I didn't buy any shares. Today's news are not good at all.
"Cactus has offered to accept 2,000,000 shares of the Class B Preferred Stock in return for $317,382.50."
Since the "Class B Preferred Stock ... shall be assigned the voting power of one hundred (100) voting shares for each Preferred Stock share" this means that Cactus only paid:
$317,382.50 for the equivalent of 200MM common shares. This means that the real value of a common share is only 0.158 pennies/share?
Mike
-------------------------------------
Business Wire - April 04, 2005 08:58
SCOTTSDALE, Ariz., Apr 04, 2005 (BUSINESS WIRE) -- MBA Holdings (OTCBB: MBAH) announces that its Board of Directors has accepted the request of Cactus Family Investments, LLC ("Cactus") to convert 460,000 shares of the Company's Class A Preferred shares into common shares and to accept the return of the remaining Class A Preferred shares to the Corporation as a contribution of capital by Cactus. The Board of Directors directed that the Class A Preferred shares received shall be cancelled.
In addition, the Board of Directors authorized the creation of a Class B Preferred Stock of 3,000,000 shares. Each such Preferred Stock share shall be assigned the voting power of one hundred (100) voting shares for each Preferred Stock share. The Class B Preferred shares shall not be convertible into common shares.
Cactus has offered to accept 2,000,000 shares of the Class B Preferred Stock in return for $317,382.50 of past due rent payments that are due to Cactus. The acceptance of this exchange was approved by the Board of Directors.
Are we moving? Check out "Depth/LII" on www.otcbb.com
(thanks to Climber of RB who pointed this out):
http://www.otcbb.com/asp/Info_Center.asp
Three MM's have above $0.5 Ask.
Sooner rather than later, the latest news (significantly increased load), and the fact that "Global Diversified Industries, Inc. is Hiring 75 Additional Skilled Factory Laborers to Meet Current and Future Production Demands," should move the PPS where it belongs (above $0.3).
http://finance.yahoo.com/q?s=GDVI.OB
In not anything else:
1. Forecasting Significant Increases in Market Share; Sales Projections for Next 12 Months Now Surpasses $20 Million, and
2. Already EPS positive,
will take care of the PPS. Just lock up your shares. This is one of the best long-term OTC:BB candidate stock I know about.
Mike
This Company will do well if and when:
1. They get rid of Cornell. Hope the recent $2.5 MM financing will help them do just that. And also I hope those shares won't be converted @0.04, but somehow the money will be paid back.
2. The Mgmt. stops selling so many shares. I understand they pay their salaries this way. But, when you build a Company you restrict your intake to a minimum. This was not the case thus far with CIRT Mgmt. See the shares they sold only this year:
http://finance.yahoo.com/q/it?s=CIRT.OB
3. They have to finally learn to fill the Q and K SEC forms in time. I don't find any excuse for the last K not being filled in time. They knew in early January (and gave us the figures at that time) what the 04 revenue was. Why didn't they take care of the K since then, it's beyond me.
4. Control dilution.
5. The Mgmt. has to be more responsive to shareholders concerns. I wrote to Trevor twice recently, and got no answer. The others don't even have a mail address available. I would like to see the CEO's mail posted, and see him answer pertinent questions.
The potential is there, but the Mgmt. has to do more in the public relations area.
Mike
Once the poisonous Cornell Capital is out, this will follow on GTEL's steps. Let's hope the latest conversion will help the company do just that.
Mike
SC 13D SEC filling. Re: DAVL shares:
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D05...
Mike
CBS "60 Minutes" to Air Story on Naked Shorting on Sunday
Good news seem not to move good stocks like GDVI as of late. Take MOBL, and VFIN for instance. Super financial news, yet the PPS is going the wrong way, or it's stationary. I almost tend to believe that some sort of shorting to be the cause. And, it looks like shorting is a lot more widespread than many of us know:
See below:
CBS "60 Minutes" to Air Story on Naked Shorting
New York, Friday April 1, 2005
CBS News today announced that this coming Sunday, April 3rd, their flagship news magazine "60 Minutes" will air an expose of what has been called "the biggest financial scam in the history of the world" - the campaign against naked short selling.
Roger de Minimis, acting head of CBS News, said, "Our close friends at the National Association of Freedom Funds have convinced us that we are the news organization with the credulity and appropriate level of integrity to air a story about this issue."
CBS News confirmed that it has filmed hundreds of hours of explosive footage with informed figures such as SEC Chairman William Donaldson, NY Attorney General Eliot Spitzer and DTCC Deputy General Counsel
Larry W. Byrd, which will "blow the lid off" the murky figures behind the campaign against naked shorting.
Question to the board:
Has anyone communicated with the SEC, the Stock Patrol, or any other agency that is supposed to protect the small investor from these shameless con artists? They ought to be put away for life. No more, no less! I saw on TV some people in CA (under the "3 strikes you are out" rule) received life sentences for stealing some low value (pitty theft) items. How much have these super crooks steal thus far? And, this was at least the 6-th strike. Time this ends! These crooks give a bad name to any OTC:BB stock, that might conduct a legit business (and some of them do).
PS: Sorry "Razor" if I missread you. If you go to RB, you'll see some shameless pumpers (hope you are not one of them). I wouldn't be suprised if these folks are relatives of Rick or Flo, or even both of these super crooks. I'm positive they follow the boards "pulse," so they know when to come out with yet another BS PR, or whatever else next step they consider as "appropriate."
Mike
Mike
***If you are an old trader here: run for your life. If you are new: STAY AWAY from this all time champion piece of CRAP.
"If you bought a million dollars worth and it just met, not even beat, just met it's YTD high, you would have 3.3 TRILLION DOLLARS!!!"
Razor,
I hope you are just a bad guy, and not as stupid as your note seem to indicate. Let us see:
1. Do you know to read this number: $4,387,499,995,570,373,820.00? This is (R'S's adjusted) the $ amount you would have had to come up with in Nov. 01, in order to have (whatever below 1 penny) right now:
http://finance.yahoo.com/q/hp?s=GWDB.OB&a=10&b=12&c=2001&d=03&e=2&f=2005&...
2. Business Model: The only business these two super crooks (Rick and Flo) have is SELLING shares (that give to themselves for free in liew of salary), then R/S (they already had at least 6 R/S's since Nov. 01, when these Las Vegas con artists descovered the milky Cow, now called GWDB.
3. How they do it? Not sure, but most probably by shorting it immediately after the R/S, put some recycled old news that are hard to verify (the "good news" that the victims take as such), then a break in the then R/S again and shorting it again, and on, and on.
4. How are they shorting their own shares? Simply: Probably some of their relatives (e.g. Rick's daughter, and Flo's wife) receive some shares for services, then they sell them at the top. Another possibility is "Naked Short Selling" oversee, where this is stil legal. If so, the Berlin Stock Exchange GWDB:BE for sure plays a part of it:
http://finance.yahoo.com/q?s=gwdb.BE&d=t
Take care,
Mike
Good NEWS! Check it out.
Mike
We got News. Check it out. EOM
1. i think climber said something about that last year after he talked to phil.thats all i know about that.
They were talking about AMEX listing (when the conditions are met), yesterday.
2. as far as the move, i like the way it is forming a new base here. we want a slow and steady climb. if it wasit for the three day rule for ameritrade i would flip it to ,but i am in this for long term. if i sold to try to buy back cheaper it would keep going up and i would be locked out.
I have no time to do daily trading. Plus, this is poised for a nice growth. So, at least to me this is one of the true long term positions.
3. my average share price is about .03 . been working to much to really watch and see what the trading is like during the day,but the chart dont look to bad to me.btw.
Mine is about 0.065. I'm doing my work during the day, and when I have time I check it out for some minutes. No time for more than that.
4. i see you are posting some dd. on cirt whats your take on it if it runs how far will it go, one more thing ot.
I think CIRT is gfoing to be another big winner, long term, that is. They will come up with the 10K any day now (last year was April 2-nd, and the results are expected to be very good. Worth checking it out! Today's story should be VFIN, and OSEE that both reported good 10K's last night.
5. if you dont mind me asking.where are you from,and what do you do. i live near cedar rapids IA. and am a ceramic tile installer have been for 20 yrs. or better.i fish and hunt if not working. have a wonderful day.quacker
I live in a suburb of Cleveland, OH. Former scientist (including some 16 years at NASA, and Electrical Engineering professor. Now, I'm trying to make my two R&D companies (mostly in microelectronics, optoelectronics, and photonics) work. Though job!
Mike
Hey Squacker, the RB talk about AMEX listing. Do you know anything about it? That will be sweet!
What's your take on today's move, after the great news? 75 more workers to be hired? That's very good.
Mike
Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation:
http://biz.yahoo.com/e/050331/osee.ob10-k.html
Mike
From tonight's PR:
http://biz.yahoo.com/bw/050331/315982.html?.v=1
"Revenue from the continuing operations for the twelve months ended December 31, 2004 were $4,331,000, compared with revenues of $3,294,000 for the same period one year ago. The Company reported a net loss applicable to common stockholders from continuing operations of ($1,292,000) or ($0.02) per diluted share for 2004, compared with a net loss of ($2,225,000) or ($0.04) per diluted share for 2003. The Company reported a net loss applicable to common stockholders of ($1,292,000) or ($0.02) per diluted share for 2004, compared with a restated net loss of ($7,774,000) or ($0.14) per diluted share for 2003."
Note: Oops, 2004 revenue ($4,331,000) increased 31.5%, compared with 2003 revenues ($3,294,000), and not with over 40% as I previosly posted. Good, clear PR, and with reduced loss, OSEE should be on its way back where once was. Asian business is picking up, and since this is an old company (in business since 1971 (?), yet it has a low float), I trust this as safe as one can get for a penny stock, and poised for rapid growth.
Mike
MF
***10K is OUT! Great numbers. Low float, 40% increased revenue. This will fly, IMO.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001193125%252D05...
Mike
Global Diversified Industries, Inc. Hiring 75 Additional Skilled Factory Laborers to Meet Current and Future Production Demands
PR Newswire - March 31, 2005 05:00
- Increased Factory Labor Force Will Aid in Meeting On-Time Completion of Projects -
CHOWCHILLA, Calif., March 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- Global Diversified Industries, Inc. (OTC Bulletin Board: GDVI), focused on the modular building industry with emphasis on the education market, is pleased to report that it is in the process of increasing its factory labor workforce with the hiring of 75 more skilled personnel because of the increase in business that the Company's modular division is experiencing, along with the forecasted increase in new project bookings for the next twelve months.
Global Diversified Industries Chairman and CEO Phil Hamilton said that the Company is "taking measures to satisfy our current production requirements, while at the same time preparing for the normal and anticipated production demands the modular industry recognizes this period each year."
"Our current verbal commitments for these new projects requires installation and completion in early 2006, therefore positioning our modular division with quality manufacturing backlog for the fall and winter of 2005 to 2006," Mr. Hamilton said. "Several California school districts experienced significant project delays due to the closure of two modular companies during the past seven months. We are implementing measures to make certain all of our customers experience virtually no delays when dealing with our subsidiaries."
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The company's work is found in Northern and Southern California, with numerous projects on budget for school systems throughout the state.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. For investor information contact:
Paul Knopick
949-707-5365
pknopick@eandecommunications.com
SOURCE Global Diversified Industries, Inc.
Paul Knopick, +1-949-707-5365, pknopick@eandecommunications.com, for Global
Diversified Industries, Inc.
http://www.prnewswire.com
Naked Shorting Update...
Thought I would pass this along from another board that I read. I am just the messenger! I am not saying or implicating that ENGY is/was/is not/was not a victim of this.
A MUST READ if you think MM's don't run the show. Dateline to air show April 10th
Mike
----------------------------------------
FINALLY! Dateline to Air Stockgate Segment April 10th
by Mark Faulk
http://www.faulkingtruth.com/Articles/Investing101/1022.html
After over a year of promises, postponements, and delays, Dateline finally confirmed today that they will air their report on the stock market scandal on Sunday, April 10th, at 7 pm ET. The segment, dealing with the scandal dubbed "Stockgate", has long been anticipated by advocates pushing for reform in the stock market, and was first confirmed by The Faulking Truth last June. This is an excerpt from that article:
"It's been called the biggest financial scandal in the history of the world, with incurred losses estimated by some experts at well over $1 trillion dollars. It's a scandal that involves over 1,200 offshore hedge funds, over 150 US brokers, and has already bankrupted over 7,000 US companies in the past six years. According to many of the lawsuits filed to date, the crooks include terrorist groups and organized crime syndicates. Sources say that this scandal, which involves an intricate system of selling electronic counterfeit shares of stock in an effort to destroy the market value of small publically traded companies by utilizing a method known as "naked short selling", will eventually implicate almost every major broker in America, all of the governing bodies that oversee trading, and will extend into Canada and Europe."
Sources at the time told us that the Dateline story contained information that would "blow the roof off of this scandal", and that Dateline had already filmed over 100 hours of explosive footage, with interviews from class action attorneys John O'Quinn (of the Houston law firm of O’Quinn, Laminack and Pirtle), and Wes Christian (of Christian, Smith, Wukoson and Jewell), who along with the law firm of Heard, Robins, Cloud, Lubel & Greenwood, who are representing clients in dozens of lawsuits filed against the SEC, the DTCC, and several of the country's largest brokerage firms.
"What's Up With The SEC?"
Since that time, we have learned that officials from both the SEC and DTCC have been interviewed by Dateline, and numerous other recent developments have (at long last) triggered a frenzy of media coverage over the past few weeks. In addition to that, ads have been taken out in several major newspapers, and the roles of hedge funds, who specialize in shorting stocks, have been brought into question in other fraudulent schemes as well. In fact, in an ad in today's op-ed section of the New York Times (March 28, 2005), in an editorial entitled "What's Up With The SEC?" the conservative Washington Legal Foundation ( http://www.wlf.org/ ), blasts the SEC for "sitting on several complaints of misconduct filed by the Washington Legal Foundation, and supported by the U.S. Chamber of Commerce, detailing examples of questionable stock manipulation by short sellers and class action attorneys". According to WLF Chairman Daniel J. Popeo, in one case, information about a class action lawsuit was leaked to short sellers who, in turn, made a huge profit by shorting the stock before the information was made public. Popeo also claims that "in other cases, short sellers and trial lawyers dish dirt about a targeted company to financial reporters, analysts, and regulators, and the damaging news sends the stock price plummeting, thereby forcing the company to settle. Short sellers then reap the profit when the stock drops."
"If I Only Had a Hedge Fund"
In a related development today, the New York Times online edition ran an article about the incredible proliferation of hedge funds today entitled "If I Only Had a Hedge Fund", in which they said that the number of hedge funds created since 1999 has increased by 209%, with 1,406 new hedge funds introduced in 2004 alone. A recent study released by Credit Suisse Boston said that hedge funds now account for half of all stock market activity, and that they now manage a staggering $1 trillion in funds. Why are managers tripping over each other to start new hedge funds? Because instead of the small fixed percentage that they get by managing traditional funds (sometimes as low as 1%), they instead 1% plus 20% of any profit the hedge fund generates, which has made many of the hedge fund managers instant multi-millionaires. In fact, according to a survey in Institutional Investor magazine, the 25 highest paid hedge fund managers earned an average of $250 million in 2003. To read the New York Times article, go to: http://www.nytimes.com/2005/03/27/business/yourmoney/27hedge.html?
With those kinds of profits to be made, it is any wonder that the SEC, the DTCC, brokers, and hedge fund managers have begun to circle the wagons? Every time a share trades hands, every one of them gets a piece of the action. Even legitimate hedge funds, those who don't engage in naked short selling, profit when their corrupt counterparts drive down the price of stocks through illegal naked short selling. And the SEC, NASD, and DTCC take their cut for every share that is bought and sold, whether that share is real or counterfeit.
If the SEC needs a smoking gun, they need only to take a close look at Global Links Corp (OTCBB: GLKCE), where one investor recently bought 100% of the issued stock AND another investor bought 15% of the same stock, only to watch hundreds of millions of phantom shares continue to be bought and sold. While the SEC has ignored this curious case, Congress hasn't. Senator Robert Bennett cited the Global Links story (as first reported by Financial Wire) on March 9th when he grilled SEC Chairman William Donaldson about the naked short selling scandal, "this article just last Friday in a national publication indicates that people are still selling short shares that they don't have and clearly are never gonna acquire." This stock is merely a microcosm of the larger problem that pervades the stock market system, and serves to illustrate how pervasive the fraud really is.
It is vitally important that the Dateline story gets the attention it deserves. We can only hope that their report tells the real story of this scandal, and that Congress and the major media will join us in our mission to, at long last, restore trust and credibility to our stock markets, so that honest investors can once again invest their hard-earned money and have a chance to achieve the American Dream.
--------------------------------------------------------------------------------
To contact members of the US Senate Committee on Banking, Housing, and Urban Affairs, go here and click on the members' names:
http://banking.senate.gov/index.cfm?FuseAction=Information.Membership
To contact members of the Senate Finance Committee, go here and click on the members' names:
http://finance.senate.gov/sitepages/committee.htm
Sign the petition at www.investigatethesec.com
--------------------------------------------------------------------------------
Add your name to our "Stockgate activist list" at info@faulkingtruth.com. We will email you only when we have new articles or information dealing with this issue. Please link the articles everywhere you can, post them on stock message boards, and send them to the appropriate public entities. To enact positive change requires positive action.
"Few will have the greatness to bend history itself; but each of us can work to change a small portion of events, and in the total; of all those acts will be written the history of this generation." - Robert F. Kennedy
For related articles on this story, read:
"Is Dateline Losing Credibility Over StockGate Story Delays?"
www.faulkingtruth.com/Articles/Investing101/1005.html
"Is Time Running Short in Stockgate Scandal?"
www.faulkingtruth.com/Articles/Investing101/1011.html
"The Waiting is the Hardest Part"
www.faulkingtruth.com/Articles/Investing101/1012.html
"Stockgate Goes to Congress"
www.faulkingtruth.com/Articles/Investing101/1019.html
And for an overview into the stock market scandal, read:
"Financial Terrorism in America"
www.faulkingtruth.com/Articles/Investing101/1001.htm
"Very Positive First Quarter"
(from today's PR)
"This has been a very positive first quarter for CirTran and our CirTran-Asia subsidiary," he said. "Since the beginning of the year, CirTran has been awarded important new manufacturing contracts for our Salt Lake City and Asian facilities totaling nearly $30 million, which is nearly four times our total sales for 2004. With these significant upturns in new business and revenue," he said, "CirTran has been continuing to execute our overall financial strategy as well."
Hawatmeh said that CirTran plans to file its Form 10K for fiscal 2004 in keeping with SEC requirements.
CirTran Negotiates Conversion of $2.5 Million Debt to Equity, 'Adding Substantially' to Shareholders' Position in Company
Business Wire - March 30, 2005 08:30
SALT LAKE CITY, Mar 30, 2005 (BUSINESS WIRE) -- CirTran Corp. (OTC BB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, said today it has successfully completed the next step in its financial plan by successfully negotiating the conversion of $2.5 million in debt to equity.
Iehab Hawatmeh, CirTran's president and CEO, said the debt-to-equity conversion "is expected to result in bottom line savings to the company of approximately $450,000 in interest over the next 12 months, adding substantially to our shareholders' position and positively impacting the company's financial strength."
Hawatmeh said that the debt was "negotiated and satisfied with restricted stock, which cannot be sold for two years, and priced at $0.04, some 20% above the current market price."
He said that the debt-to-equity conversion, along with the earlier resolution of a $2.3 million liability to the IRS (see "CirTran Corporation Completes Compromise Settlement with IRS," Business Wire, Jan. 23, 2005), has improved the company's overall financial position by some $4 million.
"Today," he said, "with the successful completion of this next and very important step, we have made CirTran a sounder, stronger company in keeping with our plan for financial stability and growth."
"Very Positive First Quarter"
"This has been a very positive first quarter for CirTran and our CirTran-Asia subsidiary," he said. "Since the beginning of the year, CirTran has been awarded important new manufacturing contracts for our Salt Lake City and Asian facilities totaling nearly $30 million, which is nearly four times our total sales for 2004. With these significant upturns in new business and revenue," he said, "CirTran has been continuing to execute our overall financial strategy as well."
Hawatmeh said that CirTran plans to file its Form 10K for fiscal 2004 in keeping with SEC requirements.
About CirTran Corp.
Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier international full-service contract manufacturer of low- to mid-size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square-foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities, while reducing costs and ensuring speedy time to market.
About CirTran-Asia
CirTran-Asia (www.CirTran-Asia.com) was formed in 2004 as a high-volume manufacturing arm and wholly owned subsidiary of CirTran Corp. with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on being a leading manufacturer for the multi-billion-dollar direct response industry, which sells through infomercials, print and Internet advertisements.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
SOURCE: CirTran Corp.
CirTran Corp.
Trevor M. Saliba, 801-963-5112
trevor@cirtran.com
or
The Kaminer Group
David A. Kaminer, 914-684-1934 (Media)
dkaminer@kamgrp.com
Copyright Business Wire 2005
Exclusive Manufacturing Agreement Signed
On January 19, 2005, CirTran Corporation (the "Company"), signed an Exclusive Manufacturing Agreement (the "Manufacturing Agreement") with Advanced Beauty Solutions, LLC, a California limited liability company ("ABS").
ABS designed, manufactures, and markets a personal hair care product known as the "True Ceramic Pro - Flat Iron Traveling Kit" which features the True Ceramic Pro - Infra Red Ionic Styler (the "Product"). Under the Manufacturing Agreement, the Company and ABS agreed that the Company would be the exclusive manufacturer of the Product. ABS agreed that it would not manufacture or cause any third party to manufacture the Product, and the Company agreed that neither the Company nor any of its subsidiaries or affiliated entities would manufacture ceramic flat irons without the consent of ABS.
Pursuant to the Manufacturing Agreement, the Company and ABS agreed that the Company would have thirty days following the execution of the Manufacturing Agreement for the Company to produce an initial run of machine-assembled samples for ABS to inspect. If the samples provided did not meet ABS's approval, ABS could terminate the Manufacturing Agreement. On February 22, 2005, ABS approved the samples provided by the Company.
The term of the Manufacturing Agreement runs through the date which is thirty months following the initial delivery of Products to ABS or until the full initial order is delivered.
---------------
For the wholer text, check out the SEC filling released today.
Mike
VoIP Keeping Alaska Within Reach
The wireless connection of people in far-off corners of the world with their urban counterparts is no longer science fiction, becoming solutions for businesses based in remote Alaska.
See the Full Story:
http://www.contactcentertoday.com/story.xhtml?story_id=31875
No FCC or Baby Bells can keep Covad's VoIP for too long. Good accumulation time, IMO.
Mike
Anyone has calculated the combined value of all of awarded contracts announced this year (see below)? Only the two larger ones ($22MM, and $5.4MM), amount to $27.4MM revenue. Compared to last year's revenue, this is an explosive growth. And, the PPS should move along as well. Good time to accumulate on this one.
The trend for the last 4 Q's:
Total Revenue 2,627 1,958 646 261
Cost of Revenue 2,070 1,563 434 377
Gross Profit 557 395 212 (116)
And from the PR's below, this is just the beginning. This Q revenue should be over 3 times higher than the last reported ANNUAL revenue (for 2003).
Mike
---------------------------
• CirTran's 'Hot Dog Express' Gets 'Prime Time' Debut with Dion Sanders at International Home & Housewares Show
Business Wire (Tue, Mar 22)
• CirTran's Racore Subsidiary Adds Communications Supply Corp. to Its New Customer List with Order for Educational Marketplace
Business Wire (Wed, Mar 16)
• CirTran Having 'Green for Go' St. Patrick's Day Week With Production Going 'Full Steam Ahead' in China
Business Wire (Mon, Mar 14)
• CIRTRAN CORP Files SEC form 8-K, Entry Material Agreement, Other Events, Financial Statements and Exhibits
EDGAR Online (Mon, Feb 28)
• CirTran Retains DRTV Leader Earl Greenburg and TMP to Help Boost Business Manufacturing Sold-on-TV Products
Business Wire (Thu, Feb 24)
• CirTran Corp. Awarded Record $22 Million Contract to Manufacture Sold-on-TV Product for Advanced Beauty Solutions
Business Wire (Wed, Feb 23)
• CirTran Corp.'s Iehab J. Hawatmeh Again Nominated in 19th Annual 'Entrepreneur of the Year' Awards Program
Business Wire (Fri, Feb 18)
• CirTran Corporation Grows its U.S. Manufacturing Business with Contracts from Flextronics and Other Major Companies
Business Wire (Fri, Feb 11)
• CirTran Corporation Completes Compromise Settlement with IRS
Business Wire (Mon, Jan 31)
• CORRECTING and REPLACING CirTran's Racore Subsidiary Gets Biggest Order to Date from Fortune 50 Company Lockheed Martin Corporation
• CORRECTING and REPLACING CirTran's Racore Subsidiary Gets Biggest Order to Date from Fortune 50 Company Lockheed Martin Corporation
Business Wire (Tue, Jan 25)
Mon, Jan 24, 2005
• CirTran Cuts the Mustard with $5.4 Million Contract to Manufacture the New Sold-on-TV 'Hot Dog Express'
Business Wire (Mon, Jan 24)
Fri, Jan 14, 2005
• CirTran Cites New Consumer Manufacturing Business for 'Dramatic Increases' in Q4 and 2004 Year-End Results
Business Wire (Fri, Jan 14)
I compare CIRT with CNCN. Mostly Asian business, both Cornell victims, and so on. CNCN, after it was brought to 0.01's, after a small (500K? contract), went up to 0.16 in a matter of days, under heavy volume. The K release, and especially some good forward looking statements (with all these large contracts, plenty to talk about. Owing to significantly increase revenue, hopefully it will get out of Cornell poisonous financing. As soon as GTEL (yet another former Cornell victim) did it (and with some other good news), it moved from 0.06's to as high as 0.36. The chance is very good CIRT to follow the move of CNCN, and GTEL, IMO. In fact, CIRT has more good news (as increased revenue goes) lately than any of the heavy movers I know.
Mike
Got the same filing. With so many large contracts on the pipeline, this should finaly start moving nice.
Mike
The 10KSB SEC filling should be out toward the end of this week. Last year it was released on 3/30/2004.
Mike
***BTOO DD
(1) Web Site:
http://www.biometrics2000.com/
New info:
3/2/05 BIOMETRICS 2000 WILL BE LAUNCHING AN ONLINE SUPPORT SITE FOR WORLDWIDE BIOMETRICS 2000 CUSTOMERS. THE SITE WILL CONTAIN INSTRUCTIONAL VIDEOS AND PRODUCT APPLICATION NOTES. CHECK BACK SOON FOR YOUR DETAILED 24/7 ONLINE SUPPORT.
Joseph Turek, President & CEO of Biometrics 2000 will be representing the Security Industry Association (SIA) as the Chair of the Biometrics Subcommittee.
ISC West April 6-8 2005
(2) Basic DD:
http://finance.yahoo.com/q?s=btoo.BE&d=t
(3) Better DD:
http://www.ddmachine.com/default.asp?s=btoo.ob
(4) For a more detailed DD, I recommend the excellent collection put together by Irish Bull:
http://www.finitesite.com/irishbull/
(5) SEC fillings:
http://www.pinksheets.com/quote/filings.jsp?symbol=btoo
(6) What others are saying?
http://www.boardcentral.com/
Mike
***GDVI DD for newbies:
(1) Basic DD:
http://finance.yahoo.com/q?s=gdvi.BE&d=t
(2) Better DD:
http://www.ddmachine.com/default.asp?s=gdvi.ob
(3) For a more detailed DD, I recommend the excellent collection put together by Irish Bull:
http://www.finitesite.com/irishbull/
(4) SEC fillings:
http://www.pinksheets.com/quote/filings.jsp?symbol=gdvi
(5) What others are saying?
http://www.boardcentral.com/
See last PR: "Global Diversified Industries, Inc. Forecasting Significant Increases in Market Share; Sales Projections for Next 12 Months Now Surpasses $20 Million"
It should move again this week, IMO. Don't take my word for it. Do YOUR OWN DD. No pain, no gain! See what I'm talking about.
Mike
OSEE DD:
It should move this week. Do YOUR OWN DD. No pain, no gain!
1. Web Site:
http://www.ose.com/
(2) Basic DD:
http://finance.yahoo.com/q?s=osee.BE&d=t
3. Better DD:
http://www.ddmachine.com/default.asp?s=osee.ob
4. For a more detailed DD, I recommend the excellent collection put together by Irish Bull:
http://www.finitesite.com/irishbull/
5. SEC fillings:
http://www.pinksheets.com/quote/filings.jsp?symbol=osee
The last 10-K was released on 3/26/2004
6. What others are saying?
http://www.boardcentral.com/
Mike
Correction: "When the K will be released (either at the end of this week, or - most probably - at the begining of NEXT week, this should move fast, very fast, IMO. Is not only the significantly higher revenue expected to be reported, but based on the avalanche of latest outstanding news (read large contracts), the forward looking statements should be such that this has only one direction: UP. If you haven't done your homework, use my previous post to do it. You'll see what I'm talking about!
Mike
Iehab J. Hawatmeh, CirTran's founder, president and CEO, said the company plans to report sales of $3,640,225 for the quarter ended Dec. 31, 2004, as compared to $261,215 for the same period in 2003, an increase of 1,395%. Hawatmeh said for the year ending Dec. 31, 2004, CirTran plans to report sales of $8,870,599, as compared to $1,215,245 for 2003, an increase of 730%.
Hawatmeh said the fourth quarter and fiscal 2004 "were, by far, the most exciting period in CirTran's history as a public company as we established new highs in sales."
When the K will be released (either at the end of this week, or - most probably - at the begining of this week, this should move fast, very fast, IMO. Is not only the significantly higher revenue expected to be reported, but based on the avalanche of latest outstanding news (read large contracts), the forward looking statements should be such that this has only one direction: UP. If you haven't done your homework, use my previous post to do it. You'll see what I'm talking about!
Mike
Mike
Mike
Re: "This stock will go bang...very soon"
I share your optimism.
My advise to anyone: Do YOUR OWN DD. No pain, no gain!
Everyone has a different DD aproach. Here's how I do mine:
(1) Very basic Yahoo page check up:
http://finance.yahoo.com/q?s=cirt.OB
(2) For a better look at it I use the DD Machine:
http://www.ddmachine.com/default.asp?s=cirt.ob
and,
(3) for an even more detailed DD, I recommend the excellent collection put together by Irish Bull:
http://www.finitesite.com/irishbull/
(4) After you bought it, you have to do a basic "maintainance-type DD):
(4.1) Read the latest news, and check out the SEC fillings a often as you can:
http://www.pinksheets.com/quote/filings.jsp?symbol=cirt
(4.2) You should also check out several other boards to see if you missed any important event, and "get the pulse":
http://www.boardcentral.com/
Clicking on the "Most Popular" button on top left of the Board Central, you also can see what's hot, and what's not, and that might help you (after doing your own DD) pick up the next stock you might wish to get into.
If you do all the above, your chance to get out with some extra cash is quite good.
Hope the above sites will help you.
Going back to the short-term prospects here:
If you plot the revenue over the last 2 years, you'll see a nice exponential growth, while the PPS is still sitting at the 0.03's level. Not for too long, IMO. Since the company is experiencing such a substantial revenue growth, the PPS should adjust itself up in the very near future.
Mike
Are we going to repeat last spring move? It started moving after the 10-K release:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=osee&sid=0&o_symb=osee&x...
Mike
Short answer: short-term traders. Once they get out with their small gain, this should climbe where it belongs.
If you plot the revenue over the last 2 years, you'll see a nice exponential growth, while the PPS is 3 times smaller than it's 52 year high last spring. Since the company is already EPS positive, and experiencing such a substantial growth, the PPS should adjust itself up in the very near future.
Mike
10K should be released sometimes next week. Sorry for the earlier info. No Q this time around. Just checked again, and last year's 10-K was released on 3-26-04:
http://www.pinksheets.com/quote/filings.jsp?symbol=OSEE
Also, good news posted on the web site:
http://www.ose.com/
The combination of the two should move this.
Mike
20MM next year (the one we just entered), compared to (> 9MM?) this year, and 3.8MM in 03, and 200K in 02, respectivelly. Well, that's what I call fast growing company!
Mike
---------------------------------------------
PERIOD ENDING 30-Apr-04 30-Apr-03 30-Apr-02
Total Revenue 3,828 2 147
Cost of Revenue 2,561 157 113
Gross Profit 1,267 (155)
http://finance.yahoo.com/q/is?s=GDVI.OB&annual
***Nexia Subsidiary Executes Real Estate Sales Contract for $1.86 Million
Business Wire - March 23, 2005 09:00
SALT LAKE CITY, Mar 23, 2005 (BUSINESS WIRE) -- Nexia Holdings Inc. (OTCBB: NEXH) announced today that its subsidiary, West Jordan Real Estate Holdings Inc., has signed a Real Estate Purchase Agreement for the sale of its 70,000-square-foot shopping center for $1.86 million. The property was purchased for $799,000 in 1999. The property's current book value is $909,500, which is its depreciated cost basis plus improvements. At closing, Nexia should realize a net profit of approximately $805,500, which is scheduled to occur on or before June 9, 2005. The closing is subject to the purchaser's due diligence currently set to be completed by April 27, 2005.
*****Global Diversified Industries, Inc. Forecasting Significant Increases in Market Share; Sales Projections for Next 12 Months Now Surpasses $20 Million
PR Newswire - March 23, 2005 05:00
- Subsidiaries Responding to Increased Inquiries for 'Aurora' Type Design -
CHOWCHILLA, Calif., March 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Global Diversified Industries, Inc. (OTC Bulletin Board: GDVI), focused on the modular building industry with emphasis on the education market, is pleased to report that it is experiencing its heaviest quoting activity since the beginning of operations three years ago.
Since the recent announcement of Global's acquisition of Aurora Modular Industries product designs, and significant media attention to that purchase, Global's modular division has experienced numerous inquiries for the "Aurora" product. As previously reported, one other modular fabricator besides Aurora in the Southern California market also recently ceased operations. This leaves both of Global's wholly owned subsidiaries with an influx of new modular related opportunities, including new production and site only construction work. With an existing production backlog of nearly $8 million, along with current quoting activity of $14 million, Global is forecasting sales of over $20 million during the next twelve months.
Global Diversified Industries, Inc. Chairman and CEO Phil Hamilton said that "we anticipated 2005 to be a particularly high volume year in the modular building industry. With the departure of Aurora Modular and Turnkey Schools, the door is open for Global to capture substantial market share, especially for school districts that previously purchased the Aurora type product exclusively." Hamilton stressed that "we have fabricated and delivered the Aurora type product, therefore, we are confident we have completed the learning curve required to maximize profits with it. Our corporate infrastructure is positioned to perform even more efficiently than ever, which should render attractive financial results for our shareholders over the long term."
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The company's work is found in Northern and Southern California, with numerous projects on budget for school systems throughout the state.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. For investor information contact:
Paul Knopick
949-707-5365
pknopick@eandecommunications.com
SOURCE Global Diversified Industries, Inc.
Paul Knopick of Global Diversified Industries, Inc., +1-949-707-5365,
pknopick@eandecommunications.com
http://www.prnewswire.com
Are you hungry?
http://www.thpsales.com/store/viewItem.asp?idProduct=1024&idAffiliate=2&campaign=overture&am...
Bon Appetite!
Mike
100% short-term BUY signal:
As of today, March 22, 05, barchart.com charts say 100% short-term BUY signal:
http://quotes.barchart.com/texadv.asp?sym=gdvi
Mike