In Florida overlooking the Intercoastal Waterway..
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It never as part of the business plan because from the time they had but $8.5 million shares outstanding They could f always paid off the debt.. The one that really stands out is the selling of STLK with the terms below from the STLK 10-Q.. If those were the terms why does ACGX owe them $275,000.00...???
KLYG.. Interesting information on this board.. All should take the time to read posts going back at least 75 for a better view.. BTW the I-BOX has just been updated after my visit.. hank
ACGX.. $0.0015.. The latest conversion of stock for debt was: From the latest filings.. Put a pencil to that conversion and see what the cost basis to the converter was.. There still is over $900,000.00 of debt remaining, How many shares is that if converted and then add in the president's 800,000,000 shares and see what you get.... $340.00 worth of stock has traded so far today... hank
After reading that last post why and how could anyone ever call me a basher..?? Whistle Blower maybe.. I got sucked in and actually made money when they did a P&D to a little over $0.04 but it closd unchanged that day on 80 times normal volume.. Shortly afterwards the shares outstanding were reported and they had increased by over 50% and it's been the same since to where it is today.. And of course the Auth. shares outstanding were increased to allow for the shares outstanding but that was after the sales were made and reported but was back dated prior to the report or sales date..
As to naked shorts,, there are few firms that allow shares to be shorted in stocks less than $2.00 but the largest has a Margin requirement of $2.50 per share shorted.. hank
ACGX.. $0.0015.. This is an e-mail worth reading from almost 30 Months ago.. At that time ACGX had but 8.5 Million shares outstanding with a healthy balance sheet.. In fact they had the ability to pay off all debt and still have a great balance sheet..
ACGX at that time released that they would earn $0.12 per share but why was still selling at less than $0.02 per share.. Now we know,, dilution has and continues to destroy the value per share each and ever shareholder has.. Nothing has changed,, even the amount of debt owed except now there are 750,000,000 shares outstanding and another 800,000,000 that may be possible thru the conversion of the presidents position in ACGX..
Since only the preferred shares vote and none others have any voice making it in actuality if all but one share of the preferred is converted that one share and the person that owns it is still in control.. below is a copy of that E-Mail which has appeared many times on this board..
Since then they sold STLK an almost empty shell and for some reason the sale made ACGX lia. for $250,000.00 in additional debt.. A little DD will show where and who had majority control of the shell at the time of the sale.. hank
===========================================================
Hello
During the last 5 years everyone has had a different experience with our company depending on when they bought or sold and what their trading style is or was. We have to remember the stock has only been reversed 1 time in the last 5 years and we survived the recession and a very difficult time for the market and for small businesses - 2008 to 2011 was especially a challenging time for all of us.
People seem to forget I took over as CEO in June of 2008 when the company was doing horrible. They had very low revenues, big losses and a lot of debt. I cut just about everything and everyone, closed offices and starting building a foundation to build off of. I built it up from around $100,000 in revenue and a loss to about $10,000,000 in revenue with solid profits of about $800,000 in net income in only a few years and Now is our CEO as of Dec 21, 2011 and I am the General Counsel.
Now in order to build the company I had to make a lot of very hard decisions and be very aggressive. I entered into some joint ventures that started off strong and eventually had to be dissolved because of a change in their management. We also had some friends and family invest using the 1 year hold convertible note method to avoid any direct funding from issuing shares and cause big dilution quickly by using the 504 or Reg A to sell shares directly for cash causing an instant dilution. Although it helped to delay dilution for over a year eventually some of the investors wanted to get some of their money back. Unfortunately the stock was trading so low that when they started to convert their notes, the dilution went up, and the price went down and the MM’s crushed us and shorted us and naked shorted us into we were cellar boxed in at .0001. This hurt me, the company, the investors and the shareholders - no one wanted this to happen and we tried to fight it the entire time but eventually had no other options.
After being stuck at .0001 for a long time with no real options left we reluctantly did a reverse split to help get us to a better trading area away from the naked short sellers. This was done in November of 2010 (About 18 months ago). So we have done 1 reverse total in the last 5 years. since then DTC has been difficult and will not allow electronic deposits so some brokers will not let people buy and sell via certificate form so it has probably scared away some traders. However, we haven’t issued a single share in about 8 months and now have a very stable and profitable company with a very low float.
I hope people will look beyond the stereotypes of what they think happened and look at the facts and the documented transactions and realize the company and myself personally lost as much or more money than anyone by being public vs. private and we have still tried to do everything we could and can to put us in a better situation despite the naked shorters, the DTC and the paid bashers.
I think we have done a great job controlling the dilution, increasing the revenues and profits and by sharing more information with the public to help people make better informed decisions. The reverse was 18 months ago and the company currently has only 8.4 mil shares in the float with over $9 mil in revenue and almost $800k in net income. There is zero reason for anyone to even think about a reverse since it is not something a company wants to do and wouldn't make any sense to do at this point. We all have the same common goal and the better the company does and the stock does the better the chance we can all make more money in the future.
The crazy thing is if everyone who lost money and is bashing me or the company ALL got together and bought a ton of stock tomorrow to average down their investment the stock would probably go to 10 or 20 cents and they could probably make a lot of their money back. I am not in any way saying that will happen or recommending anyone do that but I'm just saying when people and companies go through difficult times we are all stronger when working together to accomplish the same common goal of helping people make some of their money back.
Everyone needs to do their own research, their own DD, form their own opinions and make their own decisions but I hope things continue in the right direction.
Also keep in mind I have offered to listen to every basher by asking them to email me directly and go over any suggestions or ideas to make things better and only 1 or 2 bashers have ever emailed me directly in the past few years so that tells me they are not real bashers with real concerns that are looking for real solutions but rather just paid bashers trying to help the shorters and whoever is paying them.
If it is part of a lawsuit it should be reclassified.. hank
SSOL.. I don't quite understand how this company can even operate,, because of the following..
PROPERTY AND EQUIPMENT, NET $26,732 Vrs. $26,957 .. How can a company do a $10,000,000.00 contract with property and equipment being less than the price of a new pick-up truck..??? hank
This plus a line classified as LT receivables of $3,000,000.00 that has not changed from year to year..
Don't worry,, they will use the extra money to pay bonuses... wash and rinse.. hank
AMPG - AmpliTech Group Reports First Quarter Profit
NEW YORK, May 20, 2015 /PRNewswire/ -- AmpliTech Group, Inc. (OTC-QB: AMPG) filed their 10-Q for the first quarter of 2015. CEO Fawad Maqbool stated, "AmpliTech Group has been following a path towards reducing its debt and operating expenses as well as increasing its bookings and revenue. We have taken great strides towards our goals as stated in our previous press releases and I am pleased to report the highlights of those advances below."
Net consolidated profit and EBITDA of $48,000 vs. net loss of $82,000 in 1Q 2014
Increase in revenue by 7% vs. 1Q 2014's revenue
Decrease in Cost of Goods (COGS) by 16%
Increase in gross profit by 34%
Minimal payables and no convertible or long term debt
Reduction of interest expense
Reduction of overall liabilities by 17%
Mr. Maqbool also stated, "It is evident that the company has 'turned the corner' as shown by its overall performance and growth this year. Our bookings have been increasing so we expect that we can sustain this performance with increased profitability for the rest of the year. We further anticipate that our new product development and planned joint ventures will also help to keep us on the path to growth and technical excellence."
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Click here to view AmpliTech video. Website: http://www.AmpliTechinc.com
http://www.prnewswire.com/news-releases/amplitech-group-reports-first-quarter-profit-300086307.html
Bob,, ERLIF.. thanks a lot be cause on this one patience finally.. haven't sold a share.. the ELRIF board has a poster that seems to find everything on ELRIF and does a real good job posting in a timely manner.. Take a look at KLYG,, I swallowed the Kool-Aid.. hank
BTW I stopped getting Chen's letters from you.. Any reason..?? hank
KLYG $0.08 on a PAINT..
After going thru the earnings and results as I presented in the KLYG I-Box,, along with things that I learned while on my visit.. KLYG remains my stock for the year of 2015 but it may also linger in stock price until 2016..
KLYG is a well run business within a narrow segment of the Medical devices industry.. While it's order flow may be somewhat unpredictable from Qtr. to Qtr. it's running 12 mo's seems to have a firm growth line associated with.. Orders come with P.O's mainly from hospitals (directed by surgeons) thru out the US.. But there seems to be since the company produces a FDA quality implant on as little as a 24 Hour notice a backlog cannot be had.. Each Implant produced is for one patient needed at the time of the order,, period....
They may be hard to reach but given enough time they will answer any questions poses to them.. They are really lean and the difference of just one person not aboard may cause shareholder correspondence to lag..
http://investorshub.advfn.com/Kelyniam-Global-Inc-KLYG-13010/
I impressed upon them to post financials on a timely basis with the presentation to not only include their website but also using a PR Newswire type of outlet.. They posted their financials 2 days after my visit..
If I didn't have a position in KLYG I would Bid Sit until there were more development in the reporting area and it no longer is a "one trick pony".. There are developments in the hopper such as their recent purchase of MED ALLEY that if they develop would turn KLYG into a 10 to 20 Bagger.. Present management is hanging thier hat's on future developments as a payoff for their efforts..
In the meanwhile they have turned around a company that lost money,, had a negative balance sheet and sales 1/3 of what they are today with little to no injection of funds in 3 short years..
I think I drank the Kool_Aid.. hank
http://investorshub.advfn.com/Kelyniam-Global-Inc-KLYG-13010/
KLYG $0.08 on a PAINT..
After going thru the earnings and results as I presented in the KLYG I-Box,, along with things that I learned while on my visit.. KLYG remains my stock for the year of 2015 but it may also linger in stock price until 2016..
KLYG is a well run business within a narrow segment of the Medical devices industry.. While it's order flow may be somewhat unpredictable from Qtr. to Qtr. it's running 12 mo's seems to have a firm growth line associated with.. Orders come with P.O's mainly from hospitals (directed by surgeons) thru out the US.. But there seems to be since the company produces a FDA quality implant on as little as a 24 Hour notice a backlog cannot be had.. Each Implant produced is for one patient needed at the time of the order,, period....
They may be hard to reach but given enough time they will answer any questions poses to them.. They are really lean and the difference of just one person not aboard may cause shareholder correspondence to lag..
http://investorshub.advfn.com/Kelyniam-Global-Inc-KLYG-13010/
I impressed upon them to post financials on a timely basis with the presentation to not only include their website but also using a PR Newswire type of outlet.. They posted their financials 2 days after my visit..
If I didn't have a position in KLYG I would Bid Sit until there were more development in the reporting area and it no longer is a "one trick pony".. There are developments in the hopper such as their recent purchase of MED ALLEY that if they develop would turn KLYG into a 10 to 20 Bagger.. Present management is hanging thier hat's on future developments as a payoff for their efforts..
In the meanwhile they have turned around a company that lost money,, had a negative balance sheet and sales 1/3 of what they are today with little to no injection of funds in 3 short years..
I think I drank the Kool_Aid.. hank
http://investorshub.advfn.com/Kelyniam-Global-Inc-KLYG-13010/
KLYG $0.08 on a PAINT..
After going thru the earnings and results as I presented in the KLYG I-Box,, along with things that I learned while on my visit.. KLYG remains my stock for the year of 2015 but it may also linger in stock price until 2016..
KLYG is a well run business within a narrow segment of the Medical devices industry.. While it's order flow may be somewhat unpredictable from Qtr. to Qtr. it's running 12 mo's seems to have a firm growth line associated with.. Orders come with P.O's mainly from hospitals (directed by surgeons) thru out the US.. But there seems to be since the company produces a FDA quality implant on as little as a 24 Hour notice a backlog cannot be had.. Each Implant produced is for one patient needed at the time of the order,, period....
They may be hard to reach but given enough time they will answer any questions poses to them.. They are really lean and the difference of just one person not aboard may cause shareholder correspondence to lag..
http://investorshub.advfn.com/Kelyniam-Global-Inc-KLYG-13010/
I impressed upon them to post financials on a timely basis with the presentation to not only include their website but also using a PR Newswire type of outlet.. They posted their financials 2 days after my visit..
If I didn't have a position in KLYG I would Bid Sit until there were more development in the reporting area and it no longer is a "one trick pony".. There are developments in the hopper such as their recent purchase of MED ALLEY that if they develop would turn KLYG into a 10 to 20 Bagger.. Present management is hanging thier hat's on future developments as a payoff for their efforts..
In the meanwhile they have turned around a company that lost money,, had a negative balance sheet and sales 1/3 of what they are today with little to no injection of funds in 3 short years..
I think I drank the Kool_Aid.. hank
http://investorshub.advfn.com/Kelyniam-Global-Inc-KLYG-13010/
KLYG.. $0.08.. Balance Sheet.. Reality is that on the balance sheet the following occurred:
Current Assets increased $39,371..
Current Lia. decreased $33,112..
Sthldrs. Equity Increased $64,903..
Added Capitol was $89,150 and the shares outstanding increased 850,000 Shares.. It is unclear where the shares went and if they were purchased for the $89,150..
I just wonder if the Saudi's are so pissed at Obama that not only did they skip his meeting along with others in the region for his initiative of nuclear talks about Iran.. Because of that they are flooding the crude oil market..
It appears that the Saudi's are willing to support weaker middle east company's with subsidies to maintain higher production while knowing it will at the same time destroy oil production from shale in the US and Canada.. While at the same time pissing on Obama's pet project of renewable energy.. lower Oil prices makes renewable energy just much further away..
Obama could release restrictions on Nat. gas and Coal but there is little chance of that s until then we are the tail wagging the dog.. IMO..
Oil prices edged lower Monday after Saudi Arabia posted its highest level of monthly exports in nearly 10 years and an Iranian official said OPEC would likely decide to keep production steady at its meeting next month.
The two developments added to a bearish backdrop colored by a stronger dollar that discouraged foreign buyers and data from a private forecasting agency that showed U.S. oil inventories fell less than expected last week.
Taken together, they put the brakes on a surge in oil prices that have risen nearly 40% since late March on the expectation that production curtailments and a recovering global economy would eventually bring supply and demand back into balance.
Escalating tensions in the Middle East drove the market higher in overnight trading. The U.S. benchmark contract was up 2% overnight after Islamist rebels captured the western Iraqi city of Ramadi and Iran risked conflict with the U.S. and Saudi Arabia as it sent an aid ship to Yemen, where Saudis are bombarding Shiite rebel groups.
But concerns over the tensions gave way and the market sold off after data raised new bearish scenarios for oil prices. Saudi Arabia reported it exported 7.898 million barrels of crude a day in March, increasing from February and January levels to their highest point since November 2005. The data was a reminder that global crude surpluses are large and continuing to expand. The U.S. Energy Information Administration said last week that global supply growth is likely to outpace demand by about 1.3 million barrels a day through the end of this year.
.
And an Iranian oil ministry official, speaking at a conference in Kuala Lumpur, Malaysia, was quoted as saying the Organization of the Petroleum Exporting Countries is unlikely to cut production or change course from current levels when the group meets June 5 in Vienna. OPEC’s decision to keep crude production steady last November despite surging U.S. and global production sent the market into a freefall.
I just wonder if the Saudi's are so pissed at Obama that not only did they skip his meeting along with others in the region for his initiative of nuclear talks about Iran.. Because of that they are flooding the crude oil market..
It appears that the Saudi's are willing to support weaker middle east company's with subsidies to maintain higher production while knowing it will at the same time destroy oil production from shale in the US and Canada.. While at the same time pissing on Obama's pet project of renewable energy.. lower Oil prices makes renewable energy just much further away..
Obama could release restrictions on Nat. gas and Coal but there is little chance of that s until then we are the tail wagging the dog.. IMO..
Oil prices edged lower Monday after Saudi Arabia posted its highest level of monthly exports in nearly 10 years and an Iranian official said OPEC would likely decide to keep production steady at its meeting next month.
The two developments added to a bearish backdrop colored by a stronger dollar that discouraged foreign buyers and data from a private forecasting agency that showed U.S. oil inventories fell less than expected last week.
Taken together, they put the brakes on a surge in oil prices that have risen nearly 40% since late March on the expectation that production curtailments and a recovering global economy would eventually bring supply and demand back into balance.
Escalating tensions in the Middle East drove the market higher in overnight trading. The U.S. benchmark contract was up 2% overnight after Islamist rebels captured the western Iraqi city of Ramadi and Iran risked conflict with the U.S. and Saudi Arabia as it sent an aid ship to Yemen, where Saudis are bombarding Shiite rebel groups.
But concerns over the tensions gave way and the market sold off after data raised new bearish scenarios for oil prices. Saudi Arabia reported it exported 7.898 million barrels of crude a day in March, increasing from February and January levels to their highest point since November 2005. The data was a reminder that global crude surpluses are large and continuing to expand. The U.S. Energy Information Administration said last week that global supply growth is likely to outpace demand by about 1.3 million barrels a day through the end of this year.
.
And an Iranian oil ministry official, speaking at a conference in Kuala Lumpur, Malaysia, was quoted as saying the Organization of the Petroleum Exporting Countries is unlikely to cut production or change course from current levels when the group meets June 5 in Vienna. OPEC’s decision to keep crude production steady last November despite surging U.S. and global production sent the market into a freefall.
ACGX.. $0.0016.. Less 70,000 that just traded all in lots of 10,000 ($16.00).. Current shareholders/traders now have the problem that converters are not worried about showing stock for sale because they are again looking for lower prices to buy back in at 20/30% below the market.. It appears the AUTH. Shares have been increased just as Sorkin indicated at the non-conference..
Also it seems strange that every order reflecting firm is represented on the offer giving an indication that stock is for sale while there are but 20,000 shares bid for down to $0.0011..
But I also think when and where the bottom occurs and the converters have reloaded we will see a P&D that could be at least a 5 bagger with volumes exceeding 500,000,000 shares during the pump.. The question is just how low before the reload,, my guess is $0.00065 giving the converters an opp. to buy at $0.0005.. Just my IMO..
About PaperVine,, I'm also starting to agree with another that the relationship between them and Papervine is a contractural one and not an ownership.. The may work with Paervine aand receive benefits but if they owned it they would of had to cover their purchase and terms of purchase in the last filings just presented.. So it will be Wash and Rinse until that time and trade occurs..
I-Box Updated.. hank
KLYG.. Now the problem is did I misunderstand or were they unaware/misleading me of the report that came out.. One thing is for sure,, they seemed to understand that they need to file and they did so.. I have a call into the company at present.. Will pm you and several others with an answer.. hank
If they go to sell paper in the open market or to an investor,, unless the pledge of assets to Whitney is removed with the deal the buyer will need will such a large discount to be second in line that 30% on the dollar might be high for resale in the open market.
I had a friend once that worked for an insurance pool that would insure drilling rigs one hour before the hurricane struck and they got a 40% premium..
Buying paper from DPDW carries more of a risk that you will get your money back.. hank
KLYG.. $0.0708.. Update.. I went to see them earlier LAST week and I was at first after getting off I-84 by my GPS sent thru the very bowels of Hartford CT which demonstrates the value of Democratic control and decay of the Insurance capitol of the US..
But shortly I drove westerly thru prosperous communities of CT I never knew existed.. Shortly I was in Canton and drove Into a well kept Industrial Park where KLYG has it's office and manufacturing facilities..
There I was greeted by management and was demonstrated what they do.. They are a Medical Device manufacturing Company that specializes in the production of customized implants utilizing computer aided design and advanced bio-compatible medical grade polymers...
That description was taken from the back of their brochure
My take was they were a well oiled machine run financially buy a money pinching Scottsman that was in charge,, having really no knowledge about what it is/or what is the definition of being public..
Most investment inquiry calls to them come from NY types telling them they will take their stock to the moon and all they need to do so is a retainer for their efforts.. They all almost gtd. to place KLYG in front of the most influential and important people in the financial and just give us a try for 3 to 6 months with a retainer of $3 to $6K for the ride.. KLYG traded 1600 shares today for the first time in a month..
Once they realized I was not a PR type and actually owned stock we took a tour.. The company is compactly laid out in a spotless 5,000 sq. ft. facility that is 65% working areas and 35% office, entry and conference room areas.. All were clean and functional..
KLYG receives orders usually from hospitals with PO's attached
to create implants for cranial damage, or bone diseases in the skull and can do so with a 24 hour turn around.. Sales are constant and this past year KLYG is profitable for the first time.. Next year KLYG benefits from the removal of the OBAMA Medical Devices Tax which is on Gross sales and could bring an additional 35% to 50% Pre tax to their bottom line..
Their facilities are centered around a gang of C&C machines working in dust free and contamination free areas producing orders with FDA approval on an almost daily basis.. Staff is small and I believe I counted 6 plus a management of 3.. Their sales are either direct or obtained thru reps calling on hospitals thru out the US also handling/selling other Medical devices..
My main concern for going because of my position in the company and the lack of volume in the stock along with the filings being over due.. I was some what surprise that management was unaware that this was not being done and assured me that they would take care of it shortly..
I think since they were brought in to take charge of a company built by promoters using PR's to sell stock rather than run a company that they bought to promote the stock.. I believe present management when they said they thought they were being filed by someone else.. They have increased sales each year and this was their first profitable year. Shares are at $2,000,000 dollar level and that is a guess by me. Shares out are a little above 23 million and have not been increased since the new management took over..
I will try to help them get thru this period of becoming aware of being public but will NOT accept fee or stock for compensation.. All the shares I own have been paid for with my own funds.. I will be a bid buyer so you guys do what you want.. Remember this is a LT stock but I think there is also a possible that it could be bought out in the future.. It has only traded 66000 shares during the past month so what you buy is what you own.. hank
KLYG.. $0.0899...WHAT A SCREW UP.. I MENT I WILL NOT ACCEPT.. WOW,, WHAT A FU.. SORRY HANK..I AM SO HAPPY THAT SOMEONE ASKED BECAUSE I SAID IN THE VERY NEXT PART OF THAT STATEMENT I SAID I PAID FOR ALL THE STOCK I OWNWED AND IT DIDN'T MAKE SENSE..... HANK
KLYG.. $0.0899...WHAT A SCREW UP.. I MENT I WILL NOT ACCEPT.. WOW,, WHAT A FU.. SORRY HANK
Yes for 30% on the dollar if lucky.. The bank has all their cash pledged so they have very little left.. hank
KLYG.. $0.0899.. Update.. I went to see them earlier this week and I was at first after getting off I-84 by my GPS sent thru the very bowels of Hartford CT which demonstrates the value of Democratic control and decay of the Insurance capitol of the US..
But shortly I drove westerly thru prosperous communities of CT I never knew existed.. Shortly I was in Canton and drove Into a well kept Industrial Park where KLYG has it's office and manufacturing facilities..
There I was greeted by management and was demonstrated what they do.. They are a Medical Device manufacturing Company that specializes in the production of customized implants utilizing computer aided design and advanced bio-compatible medical grade polymers...
That description was taken from the back of their brochure
My take was they were a well oiled machine run financially buy a money pinching Scottsman that was in charge,, having really no knowledge about what it is/or what is the definition of being public..
Most investment inquiry calls to them come from NY types telling them they will take their stock to the moon and all they need to do so is a retainer for their efforts.. They all almost gtd. to place KLYG in front of the most influential and important people in the financial and just give us a try for 3 to 6 months with a retainer of $3 to $6K for the ride.. KLYG traded 1600 shares today for the first time in a month..
Once they realized I was not a PR type and actually owned stock we took a tour.. The company is compactly laid out in a spotless 5,000 sq. ft. facility that is 65% working areas and 35% office, entry and conference room areas.. All were clean and functional..
KLYG receives orders usually from hospitals with PO's attached
to create implants for cranial damage, or bone diseases in the skull and can do so with a 24 hour turn around.. Sales are constant and this past year KLYG is profitable for the first time.. Next year KLYG benefits from the removal of the OBAMA Medical Devices Tax which is on Gross sales and could bring an additional 35% to 50% Pre tax to their bottom line..
Their facilities are centered around a gang of C&C machines working in dust free and contamination free areas producing orders with FDA approval on an almost daily basis.. Staff is small and I believe I counted 6 plus a management of 3.. Their sales are either direct or obtained thru reps calling on hospitals thru out the US also handling/selling other Medical devices..
My main concern for going because of my position in the company and the lack of volume in the stock along with the filings being over due.. I was some what surprise that management was unaware that this was not being done and assured me that they would take care of it shortly..
I think since they were brought in to take charge of a company built by promoters using PR's to sell stock rather than run a company that they bought to promote the stock.. I believe present management when they said they thought they were being filed by someone else.. They have increase sales each year and this was their first profitable year. Shares are at $2,000,000 dollar level and that is a guess by me. Shares out are a little above 23 million and have not been increased since the new management took over..
I will try to help them get thru this period of becoming aware of being public but will accept fee or stock for compensation.. All the shares I own have been paid for with my own funds.. I will be a bid buyer so you guys do what you want.. Remember this is a LT stock but I think there is also a possible that it could be bought out in the future.. It has only traded 16000 shares during the past month so what you buy is what you own.. hank
KLYG.. $0.0899.. Update.. I went to see them earlier this week and I was at first after getting off I-84 by my GPS sent thru the very bowels of Hartford CT which demonstrates the value of Democratic control and decay of the Insurance capitol of the US..
But shortly I drove westerly thru prosperous communities of CT I never knew existed.. Shortly I was in Canton and drove Into a well kept Industrial Park where KLYG has it's office and manufacturing facilities..
There I was greeted by management and was demonstrated what they do.. They are a Medical Device manufacturing Company that specializes in the production of customized implants utilizing computer aided design and advanced bio-compatible medical grade polymers...
That description was taken from the back of their brochure
My take was they were a well oiled machine run financially buy a money pinching Scottsman that was in charge,, having really no knowledge about what it is/or what is the definition of being public..
Most investment inquiry calls to them come from NY types telling them they will take their stock to the moon and all they need to do so is a retainer for their efforts.. They all almost gtd. to place KLYG in front of the most influential and important people in the financial and just give us a try for 3 to 6 months with a retainer of $3 to $6K for the ride.. KLYG traded 1600 shares today for the first time in a month..
Once they realized I was not a PR type and actually owned stock we took a tour.. The company is compactly laid out in a spotless 5,000 sq. ft. facility that is 65% working areas and 35% office, entry and conference room areas.. All were clean and functional..
KLYG receives orders usually from hospitals with PO's attached
to create implants for cranial damage, or bone diseases in the skull and can do so with a 24 hour turn around.. Sales are constant and this past year KLYG is profitable for the first time.. Next year KLYG benefits from the removal of the OBAMA Medical Devices Tax which is on Gross sales and could bring an additional 35% to 50% Pre tax to their bottom line..
Their facilities are centered around a gang of C&C machines working in dust free and contamination free areas producing orders with FDA approval on an almost daily basis.. Staff is small and I believe I counted 6 plus a management of 3.. Their sales are either direct or obtained thru reps calling on hospitals thru out the US also handling/selling other Medical devices..
My main concern for going because of my position in the company and the lack of volume in the stock along with the filings being over due.. I was some what surprise that management was unaware that this was not being done and assured me that they would take care of it shortly..
I think since they were brought in to take charge of a company built by promoters using PR's to sell stock rather than run a company that they bought to promote the stock.. I believe present management when they said they thought they were being filed by someone else.. They have increase sales each year and this was their first profitable year. Shares are at $2,000,000 dollar level and that is a guess by me. Shares out are a little above 23 million and have not been increased since the new management took over..
I will try to help them get thru this period of becoming aware of being public but will accept fee or stock for compensation.. All the shares I own have been paid for with my own funds.. I will be a bid buyer so you guys do what you want.. Remember this is a LT stock but I think there is also a possible that it could be bought out in the future.. It has only traded 16000 shares during the past month so what you buy is what you own.. hank
KLYG.. $0.0899.. Update.. I went to see them earlier this week and I was at first after getting off I-84 by my GPS sent thru the very bowels of Hartford CT which demonstrates the value of Democratic control and decay of the Insurance capitol of the US..
But shortly I drove westerly thru prosperous communities of CT I never knew existed.. Shortly I was in Canton and drove Into a well kept Industrial Park where KLYG has it's office and manufacturing facilities..
There I was greeted by management and was demonstrated what they do.. They are a Medical Device manufacturing Company that specializes in the production of customized implants utilizing computer aided design and advanced bio-compatible medical grade polymers...
That description was taken from the back of their brochure
My take was they were a well oiled machine run financially buy a money pinching Scottsman that was in charge,, having really no knowledge about what it is/or what is the definition of being public..
Most investment inquiry calls to them come from NY types telling them they will take their stock to the moon and all they need to do so is a retainer for their efforts.. They all almost gtd. to place KLYG in front of the most influential and important people in the financial and just give us a try for 3 to 6 months with a retainer of $3 to $6K for the ride.. KLYG traded 1600 shares today for the first time in a month..
Once they realized I was not a PR type and actually owned stock we took a tour.. The company is compactly laid out in a spotless 5,000 sq. ft. facility that is 65% working areas and 35% office, entry and conference room areas.. All were clean and functional..
KLYG receives orders usually from hospitals with PO's attached
to create implants for cranial damage, or bone diseases in the skull and can do so with a 24 hour turn around.. Sales are constant and this past year KLYG is profitable for the first time.. Next year KLYG benefits from the removal of the OBAMA Medical Devices Tax which is on Gross sales and could bring an additional 35% to 50% Pre tax to their bottom line..
Their facilities are centered around a gang of C&C machines working in dust free and contamination free areas producing orders with FDA approval on an almost daily basis.. Staff is small and I believe I counted 6 plus a management of 3.. Their sales are either direct or obtained thru reps calling on hospitals thru out the US also handling/selling other Medical devices..
My main concern for going because of my position in the company and the lack of volume in the stock along with the filings being over due.. I was some what surprise that management was unaware that this was not being done and assured me that they would take care of it shortly..
I think since they were brought in to take charge of a company built by promoters using PR's to sell stock rather than run a company that they bought to promote the stock.. I believe present management when they said they thought they were being filed by someone else.. They have increase sales each year and this was their first profitable year. Shares are at $2,000,000 dollar level and that is a guess by me. Shares out are a little above 23 million and have not been increased since the new management took over..
I will try to help them get thru this period of becoming aware of being public but will accept fee or stock for compensation.. All the shares I own have been paid for with my own funds.. I will be a bid buyer so you guys do what you want.. Remember this is a LT stock but I think there is also a possible that it could be bought out in the future.. It has only traded 16000 shares during the past month so what you buy is what you own.. hank
It appears the converters have created $19,639.00 today with at least a $3927.00 profit.. Set up buyers keep getting crossed to and the ask just keeps rising in shares offered.. Just makes one wonder what the Auth. Shares are really at now..??? Wash and Rinse...
It really is a shame and waste of Investment capitol to own this stock any longer.. The ambitious waste of capitol thru self dealing expenses going to the insiders all but extinguishes the life of this company in working capitol and the Bank is finally waking up.. Soon their lines could be shut off and we could a private placement at $0.25 from the Institutional investors taking control.. Once that happens Ron & Co. will be on the outside looking in at a new management team trying to salvage what is left.. hank
DPDW.. $0.10 before $1.00 is in the filings...
The bank has them on a short leash but will it continue to tighten..?? I think so just to save the exposure to the bank.. Its like some that pay down their credit cards and their credit limits have now been reduced to the amount after the payoff.. Tough love in the banking Industry...
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a requirement that we maintain a compensating balance of $3,900 in our existing interest-bearing account at Whitney, to continue until such time as we have regained compliance with all of our covenants under the Facility subsequent to the quarter ended December 31, 2014.
[color=red][/color]
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Liquidity and Capital Resources
Overview
Historically, we have supplemented the financing of our capital needs through debt and equity financings.
Credit Facility
Since 2008, we have maintained a credit facility (the “Facility”) with Whitney. The Facility has been amended and restated several times, most recently effective March 30, 2015 when we entered into the seventh amendment (“Seventh Amendment”).
The relevant terms of the Seventh Amendment include:
· a change to the definition of earnings before interest, taxes, depreciation and amortization (“EBITDA”) to permit in the calculation, in the quarter ended December 31, 2014, the add-back of a non-recurring charge of $4,916 related to the impairment of our goodwill;
· a waiver, for the quarter ended December 31, 2014, for our noncompliance with the fixed charge coverage ratio covenant under the Facility;
· a requirement that we maintain a compensating balance of $3,900 in our existing interest-bearing account at Whitney, to continue until such time as we have regained compliance with all of our covenants under the Facility subsequent to the quarter ended December 31, 2014.
Other current relevant terms of the Facility include:
· a committed amount of $5,000 under the revolving credit facility (“Revolving Credit Facility”), maturing June 30, 2015, subject to a borrowing base limitation based on eligible trade accounts receivable; the Revolving Credit Facility may be used to borrow cash (at an interest rate of 3.5 percent per annum) or to issue bank letters of credit (at a fee of 1 percent per annum); both cash borrowings and the issuance of bank letters of credit reduce the available capacity under the commitment; the available borrowing and letter of credit capacity under the Revolving Credit Facility at March 31, 2015 was $1,585;
· a real estate term facility (“RE Term Facility”) of $2,000, at an interest rate of 4.0 percent per annum, maturing April 15, 2018, with the Company being obligated to make monthly increasing repayments of principal (along with accrued and unpaid interest thereon) starting at $8, beginning April 1, 2013;
· a carousel term facility (“Carousel Term Facility”) of $2,200, at an interest rate of 3.5 percent per annum, maturing October 15, 2016, with the Company being obligated to make monthly repayment of principal of $65 (along with accrued and unpaid interest thereon) beginning July 1, 2014;
· outstanding balances under the Facility are secured by all of the Company’s assets.
As of March 31, 2015, the Company had indebtedness under the Facility consisting of the Revolving Credit Facility, the RE Term Facility, and the Carousel Term Facility, in amounts equal to $3,000, $1,797, and $ 1,615, respectively. Additionally, a bank letter of credit issued under the Revolving Credit Facility in the amount of $415 was outstanding at March 31, 2015 and December 31, 2014. See Note 9 “Commitments and Contingencies”, of the notes to unaudited condensed consolidated financial statements.
As mentioned above, our Facility obligates us to comply with certain financial covenants. They are as follows:
· Leverage Ratio - The ratio of total debt to consolidated EBITDA must be less than 3.0 to 1.0; actual Leverage Ratio as of March 31, 2015: 4.69 to 1.0.
· Fixed Charge Coverage Ratio - The ratio of consolidated EBITDA to consolidated net interest expense, plus principal payments on total debt, must be greater than 1.5 to 1.0; actual Fixed Charge Coverage Ratio as of March 31, 2015: 1.15 to 1.0.
· Tangible Net Worth - Our consolidated net worth, after deducting other assets as are properly classified as “intangible assets,” plus 50 percent of net income, after provision for taxes, must be in excess of $16,700; actual Tangible Net Worth as of March 31, 2015: $24,715.
· Moreover, we continue to have obligations for other covenants, including, among others, limitations on issuance of common stock, liens, transactions with affiliates, additional indebtedness and permitted investments.
11
As of March 31, 2015, we were in partial compliance with our financial covenants, except for the Leverage Ratio and Fixed Charge Coverage Ratio requirements. Whitney has provided us with a waiver for our noncompliance with these covenants. Because we do not believe that it is probable that we will be in compliance with all of our covenants under the Facility for the fiscal quarter ending June 30, 2015 we have classified all of our debt under the Facility as current as of March 31, 2015.
As a result of the Credit Facility and cash we expect to generate from operations, we believe we will have adequate liquidity to meet our future operating requirements.
Inflation and Seasonality
We do not believe that our operations are significantly impacted by inflation. Our business is not significantly seasonal in nature.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
Critical Accounting Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The most significant estimates used in our financial statements relate to revenue recognition where we use percentage-of completion accounting on our large fixed-price contracts, the allowance for doubtful accounts, and the valuation allowance for deferred income tax assets. These estimates require judgments, which we base on historical experience and on various other assumptions, as well as specific circumstances. Estimates may change as new events occur, additional information becomes available or operating environments change.
Refer to Part II. Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our Annual Report on Form 10-K for the year ended December 31, 2014 for a discussion of our Critical Accounting Policies.
All it takes is a stroke of the pen as it has been done many times in the past 2 years and the shares Auth. will increase.. No joke,, just facts for any to see looking at past filings.. hank
Look at the debt and divide by shares cost at 20% below the market.. It is so obvious by the volume and size of the blocks the converters are hard at work.. Wash and Rinse.. hank
DILUTIVE POS IS 700M ??? What? Where??? Sure not in OTC!!!
I wouldn't buy this dilutive POS with someone elses money.. But if I did it would run to $0.02 after I bought 900,000,000 shares and took out all the converters.. hank
Huge volume today yesterday
Is Hank slapn dat ask? Lmao
All he needs to do is use a stroke of a pen and increase the conversion ratio of the preferred as he has done several times before so his ownership % means nothing.. If they bought Paperless vine and they had the big surge in sales and profits they promised that means the rest of the business is falling apart.. STLK is still the mystery because they sold a shell w/o assets and owe it $250K.. Who was the big shareholder,, Sorkin..?? hank
You want a real joke go pump ACGX..
How can you pump w/o a symbol.. I clicked on the link and had no idea what you were posting on.. It wasn't even answering another poster.. That's why I always list the symbol and price.. Think about it.. hank
what Earnings,, they were to be big with paperless Vine but both sales and earnings were down..?? Seems all stock bought on the ask is being replaced with additional shares.. Wash and Rinse....
hank
Trips Soon.. Greed of the converters prevail.. The last Qtr. indicated some of the close preferred converted a small amount and brought the shares out close to the Auth. allowed,, but since the date of the last qtr. it appears stock has come to the market in chunks at times.. Yesterdays volume seem more crossed than traded so I assume Conversions are back on the board and as in the closed conference call was brought out that Auth shares outstanding would increase sooner rather than later..
Also the converters may be unwilling to hold because of the terrible earnings and the loss of sales in what is the best qtr. if history is any guide..
Anyone buying seems to be buying into a bag of S**t that seems to be constantly being filled.. Bounce will come when the converters stop selling and the convert and do another P&D.. That will happen when the risk reward ratio comes back in their favor.. Until then they will just sell and replace 30% lower until they are sure they may convert big and the price is right.. Wash and Rinse..
This should be a sticky,, mods.. hank
Dumping into news as usual by the converters.. See some preferred got converted.. Down to the $0.0006 level soon for the converters price to reload.. hank
That post came from someone else and not me,, (back space to my post) and see who I was posting a response to.. Besides I would not take the time to cross a Windy City street to see this company ...
As far as the other addresses you responded with of their sales teammates try to give them a call.. I think you will be as surprised as the time I tried to call their six warehouses.. Try to find a tele. no for them and give them a call.. I think you will be also surprised even if you call all the diribution centers on the map.. Google works great here..