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Yes, that is all good truth or not, but information from 2 or 3 years ago is irrelavant today.
I very badly want a set of their clubs, however, the only way I will get away with it (wife) would be to sell $750 worth of my shares. I sell the shares, buy the clubs, the pps goes to $1, and I just bought myself a $4000 set of clubs...
You are right about the shares. They are already authorized, can be issued at any point. You will continue to maintain your conspiracy theory and I will continue to believe that the company is legit and actually wants to produce a product. If you are right, I would start writing the screenplay, because it sounds like a good A & E movie plot to me.
Nope, your logic is still flawed, because there is a definite stigma associated with reverse splits. If they were to inact both reverse split and additional shares at the same time, the price would drop so quickly they would not profit substantially from it. Their best bet is to make the product successful and gain from the appreciation of the pps.
Also in this text, if the company does decide to do a reverse split, they will issue one share of stock for each fractional share remaining. Companies who are trying to eliminate shareholders offer cash for fractional shares to further eliminate shares.
Conclusion: The only reason e21 would want to reverse split would be to hopefully be able to list on a major exchange and be made available to a large number of institutional investors.
I really hope they do not do this, because a very small number of companies actually outperform the market after a reverse split.
Okay everyone, this should put to rest the reverse stock issue. This is directly from the proxy statement filed with the SEC:
"The proposed reverse stock split is not being proposed in anticipation of, and is not part of a plan or contemplated transaction the objective of which is, taking the Company private or otherwise eliminating a public trading market for shares of the Company’s Common Stock."
Page 12
http://www.sec.gov/Archives/edgar/data/797662/000114420406014358/v040035_def14a.htm
To reverse split to these ends, as eglfsucks suggests, would be in violation of the agreement and we all could sue.
Check your email.
Who are you speaking about, and what predictions???
Okay, where's the news? According to the PGA schedule of events they held a press conference at 10 am:
http://www.pgamerchandiseshow.com/images/100248/06mediaekit/ShowEventCalendar.xls
Okay hopefully the news of the press conference will be released soon, and hopefully it has some meat to it...
What is NOT speculation is that Scandium is a legitimate material improvement to the golf equipment industry. With a good business plan it should be very profitable. Will a good business plan be executed? That remains to be seen.
This IS pure speculation, and I mentioned as much in my post. Just as everything you say is pure speculation, especially your whole reverse split/taking the company private business. How long did you work on coming up with that?
I am not trying to influence the price, I am just putting stuff out there for conversation. If this stock tanks and I lose some money, big deal. I am in this stock because I see TONS of potential if they can get their ducks in a row and get some exposure.
"ACCRA. The ACCRA line was a commercial failure for UST until two Canadians took over marketing. Gawain Robertson and Dave Makarucha formed Premium Golf Management to market the high end UST line to custom clubmakers."
Just as e21's shafts have so far been a commercial failure. Hopefully these two can work the same magic...
http://www.golftodaymagazine.com/0602/golf_eqpt_chronicles.htm
The interesting thing is that UST manufactures the ACCRA products that Premium Golf Management markets. Love III endorses UST shafts. Now PGMC will be marketing e21 shafts. Could this be Love III's influence. UST gets a cut of the sales through this distribution channel, and Love III can use e21 shafts? Win/Win situation. I am getting really carried away here, but what if the press conference today is to announce Davis Love III as spokesman...
All complete conjecture, no evidence, but mighty coincidental.
I think his track record at Tommy Armour proves he can sell. His problem and e21's problem in general is NO advertising, so no one knows about the products...
It keeps me entertained, 3Saints. Now I want some vodka, thanks a lot...
eglfsucks, your price figures for e21 shafts are severely flawed. First of all you are quoting prices of pure Scandium ingots, which they are not buying. They are buying Aluminum Scandium alloy, which at 2% Scandium (the most widely used alloy) costs less than 5.5 cents a gram.
Shaft cost: .055 x 70 grams = $3.85
So even if they are using 10% Al-Sc, and you assume it costs 5x more, then you arrive at $19.25 per shaft, vastly different then the $59.50 - $70.00 range you were suggesting.
Reality is that they are probably somewhere in the middle of this range and you are looking at $10 - $12 per shaft in material costs.
There is now a distributor for their shafts, which is good news, I am uneasy about the lack of retailers and distributors for the rest of their products, however. I will be very disappointed if there are no announcements after or during the PGA Show.
There is always going to be legitimate competition, always. However, as nala pointed out these shafts will be more than DOUBLE the cost of e21 shafts, in addition they still do not have as low a torque rating and still will not match the "feel". There are still competitive advantages e21 can exploit.
Right, posts on this messageboard affecting the price of the stock. Hey golferal, lets manipulate the market some more today, okay? You are very entertaining.
If you noticed I said used/are using. I do not believe Davis Love III is still using them, because he had 9 top 25 finishes and they only used one of those in a PR. John Cook used them all of last year, and had his best year to date. There would be no reason to believe he would change up something that was working for him.
Davis Love III and John Cook have both used/are using their shafts. e21 can not state their names because they have contracts with other companies and they are not paid to endorse e21. Both golfers have top 10 finishes using the product.
I agree with you that EGLF is not a fly in the pan. However, I am concerned that when the products start to catch on, that they will be approached by a much larger company and take the pile of cash thrown at them. What golf company out there wouldn't love to get their hands on this technology. Just think what could be done with a giant advertising budget the likes of Callaway, Nike, Adidas, etc.
Unimpeded, I think that $5.00 by 2012 is a very conservative estimate. With the high growth potential of the company, institutional investors would suck up a lot of the float and push the share price much higher. I would be very happy with $5.00, but we need to see $1.00 first.
UST manufactures the ACCRA shafts for PGMC and will be at booth 809. Gawain Robertson, who is one of the co-founders of PGMC, will be at this booth.
http://www.pgamerchandiseshow.com/app/homepage.cfm?appname=100248&moduleid=324&linkid=16349&...
Just to clarify, e21 irons are recieving the "Very Solid" remarks?
I hate to reply, however, I want to correct inaccuracies for the benefit of those new to the board. If they didn't know better then they would believe the crap that he spews forth.
Please post the revenue for the last 7 quarters again b/c I don't think anyone has seen that...
Press Conference - I don't know if anyone has seen this article, but it mentions a press conference. Hopefully to announce some freaking retailers?
http://www.golfbusinesswire.com/2007_Design/release_page.html?releaseID=112395
Once again you are wrong! They met with the TOP 80 of these dealers. There are over 200 PCMG dealers throughout North America.
dang it, you must be quicker at cutting and pasting than I!
Here we go! News!
http://biz.yahoo.com/iw/070123/0206667.html
http://biz.yahoo.com/iw/070123/0206670.html
This is some good stuff.
If by close to 80 you mean 34 as of yesterday, which (and my math may be fuzzy) seems closer to 20 than 80.
Revenue for the last 7 qtrs if they had used your ad campaign:
3rd qtr 2005---------------$17,000,000.00
4th qtr 2005---------------$490,000,000.00
1st qtr 2006---------------$2,300,000,000.00
2nd qtr 2006---------------$3,000,000,000.00
3rd qtr 2006---------------$18,000,000,000.00
4th qtr 2006---------------$8,000,000,000,000.00
Last reported qtr----------$1.277 jiggatrillion!!!!
I am sure that a racist, drug addict would have done wonders for sales!
The SLOW STO just ascended above oversold late last week and
still well below overbought levels.
I agree the money has been flowing out, however it is very weak selling and is very close to oversold levels. One ounce of solid news and this will be moving up in a hurry.
Too bad that last sentence was dripping with sarcasm b/c it was the smartest thing you have said to date.
spsucks, slightly bitter over being left out? I just hope you have shares to cash in when the company does well without you.
So spsucks, you owned 1.7 million shares? What price did you get those shares at?
Element 21 will occupy booth 1413 at the upcoming 2007 PGA Merchandise Show. Right next to a large ECCO booth and very close to the Callaway booth.
I am re-posting a link soontoberetired provided in case anyone wants to check it out:
http://66.155.31.240/expocad/vr2/shows/PGA07/start.html
I am really hoping we get some positive news out of this thing.
I hear you and I don't even want to respond to him, however, I want to dispute his lies if there are newbies to the board that are trying to gather ACCURATE information. I'm fine with bringing up the negatives and having an open discussion. I know you have done that, VV. A few of your posts have been critical, and that is great, alternative viewpoints make great discussion, but just making stuff up to mislead and aggravate is stupid. I wish I could just delete on those grounds, but unfortunately I have not heard back from MATT yet.
That is RETARDED eglfsucks! Then any company could value their inventory however they wanted to inflate their balance sheet. "I'll sell the clubs for $3,000 a set so $3000 x 300 sets = inventory of $900,000.
Inventory is calculated based on the cost to the company and the accounting method they use. Go to college.
And who cares about Randy's email, even if it is real. An email to you (I have no idea who the email was supposedly sent to) stating possible events does not constitute fraud. I have no idea what financing you are even referring to.