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If you can sell a golfer a pair of yellow plaid pants, you can surely sell them an improved FEEL grip endorsed by professionals.
FEEL is a no brainer type of choice. I know this because I have personally have had no brain for 40 years and I am right here.
GLTA!
I am 100% with ya on this. Absolutely floored by the market cap on this one. There are mom and pop shops with no business in a failing strip mall up the street that have a higher valuation than FEEL right now. If it keeps dropping then I might have to consider cashing in a CD and performing a personal hostile take over.
Who wouldn't want an active company with product on the shelf in a multi-billion dollar industry that considers every product premium?
Heck if you can sell a golfer yellow plaid pants you should be able to sell them an improved grip that is endorsed by professionals.
Absolutely rediculous that the share price has fallen to half it's 52 month low on the addition of a few million shares.
Something else is going on here. I am sure of it.
Good morning... I have a good FEELing about this week. Go FEEL!
Kind of my thought too. I think I will give Barwiki a chance before I comment too much.
Very exciting day yesterday. I FEEL like seeing it again, and finding out the reason behind the recent activity. I also FEEL like seeing FEEL on the Buzz cloud again. ;)
Here is a small start...
I will need to put more time to this later. This is at least one business. I don't think this is an aquisition target, but who knows. I just don't know how this would improve sales/marketing/ or even distribution.
*****
FICTITIOUS BUSINESS NAME STATEMENT File No.... (84%)
Published on: 11/18/2010 ...Greenscape California LLC 12 Rancho El Robledo Carmel Valley, CA 93924 This business is conducted by limited liability company (s)Alan G. Cottingham This statement was filed with the County Clerk of Monterey County on 8/10/10 The registrant commenced transacting... view listing
*****
http://greenscapecalifornia.com/index.html
Boy they are wacking the bid on the investors today.
This is all very good news this morning. The financials are showing a good turn around and step in the right direction.
I FEEL the progress being made.
FEEL likes Fridays.
Yeah, SpoochyMcGoo I do agree with that we all have an "agenda". I like money as much as the next person, and a bit more than the person standing next to them.
Rereading my post, I guess I was trying to point out that my agenda is a positive one for FEEL. I wish them the best. As for my posts... I don't wish to sway someone in either direction, I don't care what anyone does with their money. I only concern myself with mine, but I talk too much as I dig. I don't take money to push or pull on a stock, and never will. It's just too sleazy IMO.
If I do find a stock I like, I am definitely not beyond going over to the highest peak and screaming to everyone below, "Hey look over here!".
Hmmm... that sounds a bit backwards.
I let my wife do all the "back patting", my girl friend has other things to ... Oooohhh... WOW! I did not just say that. I am really just kidding.
Anyway everyone knows that if I wait for my wife to pat my back I would be waiting, and waiting, and waiting. Ouch! I am on a roll.
I FEEL am in the dog house tonight!
Have a great night all. Forget this nonsense. Tomorrow is another day, and I FEEL it is going to be either silghtly or majorly different than today. HAHA!! That should cover most of the grey area with a single comment.
Thanks. I don't know if it is knowledge or just good'ol plain experience. (I have taken my share of knocks and hard lessons.)
Either way I know enough to be here, be comfortable, and to not listen to anyone but me. So I guess that does mean something.
GLTU, GLTA, and GLT FEEL
Agreed. I have been typing alot today. I am not concerned nor do I have an agenda. I am just a bit bored (in between projects watching stocks on Veterans Day).
It is scary to think anything you type may or may not sway somebody's opinion on a topic or subject. I always recommend that everyone always do their own DD, make their own decisions, read any and all disclaimers very carefully, especially if they are provided to you by your broker. And last but by no means is it least in the area of importance. NEVER TAKE ANY INVESTMENT ADVICE FROM AN INTERNET MESSAGE BOARD POSTER. Me especially. I have no idea what I am talking about.
Thanks for the math correction River. Your numbers are far simpler than how I interpreted it, and explains the breakdown much better IMO. Additionally the insight on the reasoning for the issuance being for the retention of voting rights during the aquisitions does make since and is something I have witnessed before. It would be a logical explaination for the move. Once again better than my quick analysis of maybe just a compensation adjustment or annual incentive.
Amazing the damage that can be done by one or two posts on a seemingly inactive board.
I have a kung fu grip on my slips! :) I look forward to the future of FEEL
Interesting that this was posted yesterday at about 10:30 AM. Unfortunately the poster read the information incorrectly, and inserted much of their own interpretation.
Looking at how much sell-off we have witnessed over the past day and a half. I think the only person that has explaining to do is the guy who posted this exerpt from the 10Q and applied their own incorrect interpretation of it.
I believe alot of investors just got their shares shook. It's a shame.
The paragraph is only explaining how they came up for the number of 708,200 shares of Preferred A to give to the officers as compensation (most likely as a substitute for actual pay increases) Prefered A Stock for FEEL has a voting power of 350 to 1... which when multiplied by the number of shares gave them a value of $3,541,000 which gives a $5 par value of the Preferred stock or times 350 of 0.0142 for common stock. Nothing in the paragraph says that the 708,200 shares are convertible. Then there is the matter of the June outstanding shares expansion. this is an increase of the Authorized, not the outstanding... no dilution until they extend the outstanding. Just a warning that they have approved a reduction in the par value of the stock so that they can borrow smaller chunks in the future but extending the outstanding.
Nothing in that statement is a red flag, other than the fact that it was posted yesterday morning on a board that saw zero activity since June.
Not dodging the question here, but really any opinion I would give here would be purely speculative. I would never have thought Google would have a $600 share price back when it had a $350 share price. I don't care how many iPads APPL sells they will forever boggle my mind when it comes to their current share price.
The value of a company used to be something you could calculate based on revenue vs debit minus taxes plus profits... blah, blah, blah.
Any more it is how many headlines you can produce, and how much positive press you can muster.
Will FEEL become bloated? I think there is a definite tipping point, and alot of these pennies play the line.
Personally, I look for obscure financial dealings with questionable third party entities with obvious off shore ties. (I bet you just asked youself , "what did he just say?") All too often i find that when a penny company gets desperate for money, they enter some sort of share price/share loan option from some company that few have heard of. My favorite is "AJW Offshore" once this happens their fate is generally sealed. It is the dreaded death spiral to the end unless they have actual product that sells. Take that answer for what it is worth, but I only have 15 posts per day on this board. Because I am too cheap to pay for more. HAHA!!
I know several pennies with many many more shares than FEEL that trade virtually millions upon millions of volume a day. I am sure you do too. The tipping point is very subjective.
IMO, yes convertable debentures are a form of shareholder dilution. I would classify anything that expands the authorized or outstanding share count to be dilution. The difference is what it means to the company and how and when the shares enter the market.
I am pretty sure through the convertable debentures the company gets a check for the agreed value of the shares up front like restricted shares, but they are convertable by the owner at their discretion. It is different than increasing your share count and selling them into the market all at once like an IPO or other public offering.
If you are American, then dilution is hardly a worry. Our Federal Reserve Bank has been diluting the USD so much in the past four decades that realy no one on the planet knows what the value of anything is any more. Heck these penny stocks will all be dimes this time next year with the QE that Helicopter Ben is planning.
I had thought I had gone far enough into my tangent about knowing a bunch of wealthy golfers who could buy FEEL without much thought, so I did not mention it. But even though I know several multimillionaires that love golf. None carry Lee Miller's name or PGA history, and in my opinion would not be right for the position.
The history of his connections are pretty obvious in the recent endorsements of Bill Glasson and Peter Kessler. One could speculate that if these two individuals have placed their name along side Feel's product, then they have most likely placed their name along side ours as investors as well.
OK well maybe but here is my extended thoughts on FEEL...
It all really just depends on where these shares are comming from. If these are debenture shares as most believe they are, then right now is a perfect time to sell them. Selling them durring the rally is a buzz kill.
If they are selling them and have good investors readily picking them up at the same time. It will prove to be a very shrewd investment by a few. Authorize the shares convert while sitting on the base. (Does not have the maximum effect for the company bottom line but is still an effective loan via debenture.) On the other side of the share the new share owners accumulate from the base, and are not selling into the next rally raising the base. Making the new share owners and old very happy.
I am not protecting a penny, I honestly have about as much visibility as I am given on this one. But I have done my homework, and I honestly think that saying that this is a "single pop" at the moment is not exactly correct. Immediate history has shown that they expanded the outstanding durring the last pop. That does not boad well for the next pop so if that is all that an investor is waiting for it may be a longer wait.
I agree with you that the next 10Q will probably be pretty disappointing for some. Listening to Lee Miller in the Aug interview with chart poppers (posted on the feelgolf.net website). It was pretty obvious that they are having some problems getting the new deal done during this economic climate, and that the high priced sales team has been having dificulties getting shelf space reserved for Feel products.
My money is on the aquisitions. Golf is a multibillion dollar sporting industry, played by some of the wealthiest and most connected crowd. The sales channels are pretty tight nutts to crack, but golfers are impulse buyers and most avid golfers have cash to spare and will do so on any new gadget or invention. Heck I saw a $100 parachute you strap on your driver yesterday while flipping through twitter leads.
There is no way in my opinion that this company is only a $770K market cap. I personally know more than 2 dozen multi-million dollar Avid golfers (I went golfing with about half of them at a recent local scramble.) Almost all if not all are very successful local entrepeneurs who would love to own a diamond in the rough like Feel Golf. Make their own clubs, sell a high quality product, and play as much golf in the mean time as they possibly could.
Heck, I know one guy who bought an ethanol refinnery earlier this year for the tax breaks, and he probably plays 4 to 5 times a week.
Feel is struggling in their marketing and sales channel. Period. If I see advancements in these areas, (which both aquisitions seem to address) then I personally will strongly consider buying every share I can afford that is under $.50 in anticipation for a future reverse split that will place the shares back to a reasonable number and value for a mezzanine company with strong sales channels, decent marketing plan, and a product that will sell if it is placed on a shelf.
Looking at my research I do not think that Lee Miller or David Otterbach planned on dipping into the share structure in order to finance this company. I think they intended it to be much as it was defined in their online investor presentation from a few years ago (also posted on feelgolf.net website) that depicts a more conservative share structure. It is my thought that they will want to return to this quickly once the sales trend gets fully turned around. A healthy 10Q to me would be a shock and a signal that they may be making enormous strides in improvement and may move their share structure. Why be a penny company if you don't have to be.
A 10Q that shows increased debt created by investing in M&A and Sales/Marketing would be less "healthy looking" but would be more of what I would expect of a company that is focusing efforts in the right direction "doubling down" durring a tough economic year.
Of course all of this is just my opinion, and is based on FEEL being an atypical penny investment play for me. (Something I have not decided fully yet) I love the flip, and have several other investments that I get in for the momo. I just don't FEEL after looking deeper at FEEL that MOMO is the only or best play here. The differences are in plain sight.
Open and up to date filings, premium product available for sale not pending some delay, a company that has been in business since the mid-eighties more or less which has never seen main stream sales for lack of being in fashion. Feel is screaming for some rebranding/revitalization and a profound sales focus, and from what I am seeing they are starting to get the picture. Question is can they afford it, or find the money (hanging out at practically every club house accross the country) to afford it.
Well here we are once again...
"Sitting on the rail road tracks watching the grass grow."
Still paitiently waiting to FEEL the vibrations begin, because that will be when things surely get interesting.
Still pending: Information on either of the two FEEL aquisitions. 10Q filing (Previous November FEEL 10Q was filed on the 16th after hours.) no specific time frame known.
Great time to do it IMO.
Definitely have more than one loading the boat(and unloading) it appears. The volume has definitely shifted a bit in the past few day.
I don't know why I didn't think of this before, but Tiger Wood's Ex would be a great spokes person for the Feel line of wedges. Slogans would be a snap.
-Feel wedges. Great for when you just Feel like smacking the #@$!% out of it!
-Feel wedges. Made by professionals, for professionals, and amatures that want to hit professionals... uh, I mean hit like professionals.
-Feel wedges. For when you just don't know what to feel, grab a Feel wedge and swing away!
Don't even get me started on "Dart Thrower"... HAHA!
Oh and the best of all...
When you want to feel better. Swing a Feel wedge.
Over a million volume already this morning. Something is up that is for sure.
that is interesting.
FEEL!
Last bit of news still propagating...
The Learn to Play Golf blog posted the Nov 4th "Feel Golf Helps Golfers Get Their Groove Back" news on their blog this morning at
http://www.learntoplaygolfonline.com/
If you click on the story you will find a page that is surrounded in Feel Golf merchandise ads from http://www.intheholegolf.com
http://www.intheholegolf.com/Merchant2/merchant.mvc?Screen=PROD&Product_Code=FGFRG
Also there was a review on the Grips page that I found pretty interesting from John Lemek of Lowell, MA
"Ordered the X-Wrap grips and received the X-Line. Although the grips I received were the wrong style they are fantastic. With artheritis in my right hand they are just what the doctor ordered I can now grip my clubs with no pain and I don't have to use the big fat jumbo grips. I highly recommed these to anyone who may have a little "arthur" in their right hand."
Go Team FEEL!
Is that River's Reflection for the day? HAHA!!
Hope you know I am kidding... keep the reflections comming, they are very informative.
1,309,200 Volume... not to shabby especially when you watched and saw that fery few if any of the transactions appeared on the sell side of the line. Ask was just that cheap.
I think as long as these were existing shares traded today and not freshly printed, that a great entry point was made by several.
Yes... I am ever cautious of the debenture.
Hmmm... shrewd group on the FEEL board.
480K volume and FEEL is on the 1hr buzz.
1.1M volume and FEEL is quiet as can be...
I think today the FEEL prices are just too good to share.
Over 1 Million Vol, I am getting that FEEL + ing...
Looking at the past 4 10Q's they all were posted after 3PM EST and many times a PR passes a few hands before it posts...
This activity at such low buy-in price makes me think that someone has an idea or knowledge of an pending event.
Bid and Ask are tight, and the volume is creeping up... I like FEEL I am getting from FEEL
At least FEEL has Free L2's...
...and you can see the MM activity. There is another stock I am watching right now that is struggling too and it has a spread that is so large that it is almost 100% the entire value of the stock. And example would be a 0.01 per share stock that has a BID/ASK of 0.005/0.015... Talk about being long trapped. Not only if you are in can you not get out, but even if you are out and are looking for an entry you can't find a way in.
IMO this really scares long investors away. Who wants to buy into a stock that the MM's have shown that they can shut the door on at any time.
People here talk bid support and they are absolutely right, but low volume will kill any bid support, and a giant spread is going to kill volume immediately.
Clasko and the others that are buying FEEL at this level. Congrats! Those shares have a great deal of potential in my opinion.
I do not know what made them lower the FEEL ASK rather than raise the BID. (probably 6K in volume) I can say my shares are held by a GI Joe Kung Fu grip. I personally think 0.0073 as a bid is a rediculous offer and the MMs will soon learn this.
WOW! It just is really difficult to hold tight to my own trading rules when they put a fire sale out there like this.
I want more FEEL! This is worse than that time I went on that limited Carb diet and found out Beer had carbs in it!!!
FEEL MMs must have some more cheapies that they want to give away.
I FEEL ya. Positive Things are happening with FEEL.
- 2 aquisitions awaiting some news
- 10Q filing just around the corner
- Great line if products, with several positive reviews
- Multi-billion dollar industry
- Multiple sales channels
did I mention... fully reporting?
Excellent Review of the Feel Golf wedges.
http://www.golfproductnews.com/feel-wedges-golf-club-reviews/
Can't get more official than that...
Feel Drivers | PGA.com
(0 Ratings). $329.00 (when new). Home » Golf Equipment » Feel Golf Equipment » Feel Drivers. The PGA of America. About The PGA · Championship Tickets ...
http://pga.net/golf-equipment/brand/feel/driver
If they don't PR their progress with one or both of the aquisitions. I will be very suprised. You don't mention something like that in a shareholder update, and then just drop it.
I FEEL the mojo. I think I did a pretty good job this past weekend of putting the name out there for anyone who might be interested. Just waiting for an update from FEEL.
I FEEL we will see some nice movement from FEEL today. Of course I FEEL that the only way FEEL could gain this activity is if FEEL was to appear on the 1 hr buzz board... HAHA!! GLTA FEEL!
OK I FEEL guilty for the shameless plug... :)