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Agribusiness
Any news / answers on your various inquiries?
To use your reference to my being a lawyer --I would much rather rely on an SEC filing than a PR--in fact many hold you should never trust a PR --
But of course companies do lie in SEC filings --I am painfully aware of this as 2 Chinese companies I have traded in the past 7 months lied in their filings and the stocks are now nearly worthless--so SEC filings may not be what you may believe they are
I have not noticed lying in the CPOW filings --I am concerned that there has been no filing on the 500,000 shares given to the PR firm and the failure to file notice of the termination of the Montana lease--that would be serious as an investor relying on the SEC filings might well buy because of the Montana lease not knowing it is now kaput
First of all I have never claimed that a stock I was referring to in 2006 had any relevance to CPOW so I do not know why you posted it here.
Second--SEC confirmations? I have never heard that term --do you mean SEC filings ?
Do not recall STTN
Back in 1998 to 2000, the great internet bubble days, I traded some fairly small stocks but do not think they could be labeled pennies
I hung out on another site in those days
"We can talk about the facts we do know"
Well if we use the facts we do know, that is only the China JV, your calculator and everyone elses is going to come up with the same miserable numbers mine does.
Perhaps Shenher and IBA will respond with useable info.
If someone here gets to talking to them please ask for the number of their sales rep, KND Feeds, as, remarkably, no one anywhere else seems to have that number.
OK, fair enough --show us your math
Your "5% can represent millions" is absolutely fascinating to say the least
SO
CPOW was going to rent the Culbertson plant but "something happened and it fell through" according to Great Plains.
So Montana is off the board and
that leaves Regina, which is a situation clear to all
and
Alabama--anyone have info on the current situation / operation there?
Great--so when you called them and asked about the current factory situation, what did they say?
Proof is in the pudding--a favorite expression of mine as well
I am not sure what figures you are referring to
Yes we all agree there are 240 million shares or so outstanding now and of course 1 billion are authorized.
On the China deal I used $400 million as gross revenue.
If you feel that is unrealistic, I totally agree, I cannot imagine CPOW finding so much product--and the proof in that of course is the current sales figure targets for KND Feeds--quite below capacity now--
but
I used $400 million because others here have bandied it about
If CPOW gets 5% of revenue, 5% of 400 mil is $20 million and if profit margins are 5%, then 5% of 20 mil is $1 million.
$1mil MAY, MAY, be enough to repair equipment, run equipment, replace equipment, pay the staff, pay utilities.
And no gain would go to the stock price.
Well It appears that any bright side news muct come from Montana.
The factory lease agreement looks very oppressive to me, calling for a huge rental payment based on production, but if the factory ramps up maybe they can make some money. I still cannot see how any of that money will benefit shareholders--when Shenher increased the outstanding shares to over 240 million on the eve of the pump and dump run up he appears to have made it mathematically impossible for the shares to gain much if any.
As far as China, that is very obviously absolutely a dead end--the agreement calling for 5% of revenues in such a low margin business makes it mathematically impossible for shareholders to gain a penny--in fact, in order for a share of CPOW to increase 1 cent they would have to see revenues of over a billion dollars.
This company could not hit anywhere near that.
Monster company?
There are now monster companies that produce enough of the products you refer to to drown every American, Canadian and Chinaman on Earth.
That is why profit margins are so low, there was / is an immense need for such products and the monsters jumped in to fill those needs with their billions and now there is a state of over production.
That is why the Montana plant was available, it was sitting idle.
If someone who owns CPOW and is a poster here lives anywhere near Culbertson it would be great for them to go there and actually see what is going on there, ask questions.
Well I have to say I have not seen any DD here.
I have never seen a post here indicating a thorough knowledge of the canola business--the harvesting cycle, production time, costs, profit margins, etc
Nor the reason why CPOW has repeatedly failed to be successful in the past, why the factories in Montana and Alabama and Regina have ALL failed to be profitable in the past and why it will be different this time.
And maybe most important how a little firm like CPOW can possibly successfully compete against the big companies with their efficiencies of size, equipment, and their huge cash resources.
if you were a fantastic mechanic who could build a car, could you build it at a cost anywhere near as cheap as Ford or GM?
Pump & dump promoters succeed because they fool people into believing a dream idea, that they have invented or developed something unique, something no one else is doing, like--well like selling canola oil to china?
The big companies will take care of that.
At the end of the day CPOW not only has nothing unique, it does not have the money to pull off what it is proposing unless it borrows the money in exchange for stock shares which means so much dilution of the present shares they will further decrease in value.
In the China deal the reason the Chinese did it is that it is a great deal for them --but it is merely a bare survival deal for CPOW--it means CPOW will probably stay afloat --but--as far as gains for shareholders that is hard, I dare say impossible to imagine.
I agree with your remarks on stock trading.
As far as the CEO answering questions I differ--but primarily on why he will not respond and having nothing to do with obligation.
I never traded in penny stocks until after I looked at what happened in CPOW. I was really surprised at the quick and large gains in these.
Now they are 80% of my trading, in fact usually pump and dumps.
I had no idea until I looked into CPOW how much money is made on such stocks.
The pumpers make millions, those who buy into the pump early make a super gain and those shorting have a guaranteed good gain.
I will not mention any stocks in order to stay within IHUB rules but the mechanics are fascinating.
I participate in a chatroom trading these stocks and have learned the characteristics one looks for to find them.
I bought one for 1.46 and rode it to over 10 in 3 weeks in April.
That was a remarkable gain.
When that stock "cracked"--and they usually drop dramatically in one day-- it fell from 10 to about 3, then bounced over 2 and one trader in the chatroom bought it on the bounce and gained 51k in an hour.
One that was just totally ridiculous cracked after running from 1 to 4 and a chatroom trader made 87k that morning shorting.
Nearly all have no legitimate chance of success over a period longer than a few months.
I just bought a large position in one for 1.60 that I feel certain will go to 4 maybe 5 in June.
Shorting these is much more difficult not because you will not make money--once they crack they are as reliable as savings bonds--LOL--but there are so many traders watching to short, knowing how guaranteed a gain is that you cannot find, cannot buy, short shares--another phenomena that I never saw in stock trading til I got into P&D's.
Ironic to me that CPOW really changed my trading though I have never bought or shorted a share of it.
You mention the Chinese deal.
When the Chinese deal was announced and CPOW was to get 10% of revenues the stock tanked.
When the deal was signed giving CPOW 5% the stock tanked again.
Why?
CPOW is a bankrupt company and in no position to negotiate a good deal so they took a bad deal.
The reason it is a bad deal is that margins in this business are very low, probably something like 5% --I have previously suggested that investors/ posters here contact the Canadian university professors who teach agricultural issues every day and would give an answer on the phone to learn the exact figure but no one has done so.
The large American oil companies hire the best and brightest engineers from the best schools to gain max efficiency and their margin is only 6%.
So if CPOW gets 5% of revenues and margin is 5% of that --in order to earn $1 million the China deal would have to generate $400 million in revenue, quite impossible.
This is not a negative comment, this is a simple mathematical fact you can verify with a calculator.
CPOW took the deal to have enough income to pay staff and the cost of operation, just to try to stay in business somehow.
But the deal ties up their present staff, their equipment, for very little money. So the stock tanked.
why did you run away?
there what is?
A shareholder should not have to engage in guessing.
Very simple questions about current company operations have been posed.
NO answers have been given.
This fact is a big red flag.
This is the latest of problem after problem.
The company says KND Feeds represents them--no one has found a phone number for KND.
The PR firm has stated they received 500,000 shares of this stock--but the required SEC filing has not been filed so there is a verifiable red flag. Trading in this stock was halted in Canada in the past over problems like that.
If you take the time to read all of the past posts you will see that there is a bad history here. It was a very obvious pump and dump just last year. There was a key officer in the company who was held responsible and penalized in US Court proceedings for his involvement in 3 other pump and dump companies. In fact that officer holds the World record for the most emails in a pump and dump scheme--500 million. Shenher was CEO then and now. And the current lack of normal responses, to very ordinary questions, by management is indicative that a sham continues.
There are posters here who post optimistic posts. They are people who bought at a price much higher than where it is.
They need to stop boosting this company and ask questions.
If enough of them corner these people the answers will come to light.
Leading questions ??
Intended to degrade ??
The questions people are asking are very simple--is the company doing any work, any production--should take all of one minute to answer
Difficult to run a public company?
That has like 10 staff ??
How do you figure that?
Rather tragic that this Shenher has time to send you "enigmatic" tweets but no time to answer very simple questions isn't it?
Guess that is rather fine evidence that he is a goof
As far as a "factual solid advance on the projects"--they provide NO evidence of facts or anything solid, not a single fact of any production only PR's
So skyhi
You bring up the KND agreement whereby KND will market their oil and meal products.
I don't know why you are curious about it.
Is it perhaps because of the odd numbers disparity?
On 12/15/10 the company said they can produce 18,250 MT of oil a year but the KND agreement 30 days later only calls for sales of 4800 MT of oil a year?
On 12/15/10 the company said they can produce 30,000 MT of meal a year but the KND agreement 30 days later only calls for sales of 7200 MT per year?
No doubt
pressure from IHUB posters, through their questions, along with the declining price make that imperative
one cannot do the sort of song and dance endlessly that the reply 2 days ago from the PR firm represents, which told investors zip, aside from how much and how they were paid, (which they must reveal by law and was the reason they related even that)
And Agri
do you agree
that the questions you have posed
could be answered by the CEO in 5 minutes or less
along with
the production of each entity per week or month
the cost and profit margins of each
the contracts in hand
and such?
Oh no
All of these projects or steps or whatever you want to call these have been taken.
All nicely lined up, for a very specific purpose.
Simply step out of your shoes and into theirs for a couple of thoughtful days
Your answer is right on the money, no pun intended.
A key component of a properly done pump and dump is to have mega millions of shares issued and available for those involved to possess and or buy to trade, dump, drive up volume and create an atmosphere of 'the chance of a lifetime' stock.
And the person in charge of the company then, when all of those shares were created, is the person in charge now.
Taking this into account along with the nonsense replies from the management and pr folks to your, perfectly appropriate, questions, which any ceo could answer in 2 minutes or less off the top of his head--and most importantly, putting yourself in the shoes of those in control--what do you suspect will happen next?
Agri
You are a very bright, thoughtful fellow, filled with very cogent questions about this stock
At the moment this stock is under .07
Have you figured out what is going on here?
Give you a hint--the 8 K filing on November 22, 2010
Eagle
Well we do KNOW that no PR was possible while the lawyers, looking out for their clients interest, not yours, tell them, NO PR
That is a no brainer
Thanks very much
Tom
what law firm seems to be a good one for this case?
i do not think it will go to 1 but there are no doubt shorts who feel it will go much lower than 2 as no substantial buyers will grab it before then--as always they could be right but time will tell
If you were short wouldn't you hold out for 1?
Shorting at 4.6 --4.7 certainly must have paid off
Andrew
All the best to you
Eagle
is there a category of 'other than truly dissatisfied' lol
it is at 4.65 now, 2.9 mil
Ameritrade shows 52000 shares traded, last price 3.80
I have no idea if it will trade today but if it does that is quite similar to what happened with RINO, just started with trading under a new symbol with little in the way of notice, a day maybe.
Market makers put the highest stock orders that come in after hours and pre market first up in the morning in order to stimulate interest in a stock and to "hook" buyers who will then not turn around and sell when the bid drops, at least not that day.
This is done with most small stocks, not something peculiar to CPOW.
Were they actively working when you visited?
Do you know if the crushing is seasonal or year round?
Well they claim to be doing 150 MT a day and that they COULD do 450 MT , IF they had the product to do --but your figure is 1370 MT per day?
When that number appeared it would be a trade that occurred during the trading day but broker was too busy to report when it occurred. Has no significance.
I have never seen any indication here that anyone here has EVER spoken to anyone in the canola business outside of a CPOW source