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they did say new pick not done before fwiw...so i'd assume no great reason to hold it...
hows that treating you know? Respect them, or they burn you. Hope you listened to me!
FORC has a shot on the lithium hype too - 50m o/s, so probably too thin for some of ya :)
not impossible, but LEXG is run by a mailer with a massive campaign and is essentially biggest promo ever, CEYY is awesomepenny with a very predictable pattern (which usually dies right around now +- a day) - could have 1 or 2 more days and yeah, maybe 60-80 if you are lucky, but to put in your longterm crap targets is just bogus. Post it for what it is, don't sugar coat it.
Is QLTS at $2 yet?? Didn't think so. Go back to your regular scams and leave the promos to the ones that QUIETLY like to make money.
dude, consider yourself lucky if tomorrow isn't the big 20-40% red candle with ceyy...20c by the end of next week so stop blowing smoke up peoples arses with your long term projections...
think even he isn't that crazy to trap his sheep like that - bet he waits for at least a $2 drop to put out alert. If he's getting squeezed, shame on him for playing with the big boys.
they are definitely the go to promo guys for the secondary move. More money to be made then it seems over the original spike.
CEYY 2nd crazy leg begins???
ALZM new life in a big way
i'd say today or tomorrow is end game - much like FCPG closed out. 60% haircut when that one was done. What an incredible play.
so crazy has no frontload while bdps does? They wearing each others underwear as well? Getting harder to read between the lines these days!
here was the email in question....
We are going to try something we have never done before…but you are going to love it!
Do what you must now to get ready to make history on Tuesday April 19th at 9:34 A.M. EDT
its gonna be MSFT...I feel it!
yeah, truth is a scary thing huh.
If you don't think all my concerns are an issue, you should be thanking me for allowing you to buy so much lower. Isn't that how it works?
no, its not a good investment - it has a balance sheet of a company on the verge of bankruptcy and revenues fell last quarter. The risk is too high. Odds are they wouldn't file for BK, they would just dilute like crazy to pay the bills, but no, as an investment goes, there is too much risk here.
You know better than anyone you don't 'invest' in the penny market unless its an obvious goldmine. This has too many financial flags to deem it worthy unless you are willing to lose it all and like the gamble.
This 10Q filing will be a write-off with nothing on paper to get excited with, you will have to wait until July/August now to see if their business plan is truly executing. You waiting that long?
thats fine, do it your way then. This Q expect losses 700k to 1.2m. If you still love it, buy all you can and sit on it but dont marry that $70m number, the CEO can't project worth crap, and thats fact.
You miss the point...I am purely pointing out the loss on an operating basis - revenue less 'normal' quarterly expenses. This is a 1 time 'credit' they reported - nothing to do with day to day revenue and bottom line growth. Take out the 1 timer, how did they do? Thats my point.
As to my other opinions flawed and not reliable - brilliant - any facts to back that up?
Didn't think so.
What i was upset about is the sensationalist posts that caused the sell-off and now is tainted unfortunately. GNPG is the real deal OTCQB. I would understand your posts if it was a diluted 000-POS.
If you are referring to me, perhaps you should do an all-in-one and see how ridiculous the hype posts are today on the other boards. Those are much more damaging for traders that don't know better.
Key points:
Debt is heavy and would require more than 100m shares to solve (as if they would even get everyone to agree to that).
They are still in default for what looks like $3.5m or so - that impedes any ability to get bank loans.
The CEO has made wild revenue/earnings estimates before and been WAY off the mark (calling for 16m profit and getting 16m in losses instead was a good one!)
Their 'profit' last quarter was masked by almost a million in accrued R&D. Essentially they lost around a million as real operations go, and that will be the case this Q as well.
Revenues fell 13% this most recent Q - that kills the trend.
To speculate an otc turnaround story, you need much better numbers than that - that is fact.
CEO's pie in sky projections likely....done it before:
EMTA Holdings is projecting revenues for its upcoming fiscal year, which begins April 1, 2009, will likely exceed $124 Million with profits of at least $16 Million.
How'd he do? Revenues of $57m and a loss of 15.6m.....typical penny hype style.
Sounds like for Dec 2008 and March 2009 he estimated $48 million in Nov 08 (2 months into the Q!) - he hit 6.8 million. Over estimated by 600%!?!?
Projection track record is awful...gotta take anything he says with a grain of salt.
And we still have people saying the company is moving downhill?...hmm...I don't buy it lol...nickel area looks cheap to me...
End of year results summarized above signify that turning point you want to POUNCE ON...
Ignoring the noise and taking out the accrued R&D reversal, they went from operating loss of 337k in Q ending Sept to an operating loss of $876k Q ending December.
From an operating standpoint, that is a step back...revenues falling another 13% this last Q just reported is ANOTHER step back. That is two strikes in a quest to find a diamond in the rough. Need to learn how to read the whole income statement, not just the numbers that suit you.
I realized they did give enough info to give you an idea actually - their gross profit based on what they told us will be $1.32 million for Q ended March. The problem (that I remember seeing first glance I looked yesterday but forgot to notice today) is that last Q's earnings had almost a million in R&D that was accrued that they reversed. Wipe that out, there was about a million loss last Q, and we will be looking likely at losses around $1m+ ending March as well. I am not seeing the trend I'd like to see to believe a big turnaround story is coming (just talking pure fundamentals). Same reason I'm not a fan any longer of say QPSA - they were looking great with revenue ramping up each Q and earnings getting better and better, then boom, last Q they reverse and head in the wrong direction. The trend is killed and you can't appreciate it any longer as a growth play.
This needed $11m+ (even with a $500k operating loss this Q) to show a favorable trend for a turnaround.
So in all essence, this company hasn't really made a profit in operations since middle of 2008. Not turned around yet!
if you are an investor, sure, get in now if you believe the story, but I'm a trader for 1 and wouldn't hold long enough to see 40c if it were to even come, for 2, his 'numbers' are based on fluffy 10% margins even though they only just turned their first profit (barely) in December. You just can't overlook the balance sheet, and they haven't done enough to get out of the woods and may not be able to.
Personally, I'd want to see a million in profit this Q they just PR'ed to even entertain it, but I guarantee they didn't get it because they sure as hell would have mentioned that small detail last Thursday. Bet they were in the red again by 500k or more.
their revenue was 57m ending mar 2010 so we have seen the kind of margins they dealt with when the products were selling well. They lost over $15m that year. Now last year there is improvement in the bottom line, but why did they just report the worst revenue in 2 years last Q? They made no mention of continued improved margins, so to me, I see a company that has the fundamentals of any of the 100's of banks that went bankrupt. Revenues are there, but losses mounting and a thats a hurdle they can't get past.
They relieved 1.5m in debt for another 5 million shares. So what are they going to do to clean up the balance sheet? Dilute another 116 million shares? That almost doubles their O/S.
We need to see the bottom line for this Q ending march before really getting excited. There was a 13% drop in revenues from last Q...why? Did they continue with the improved margins or was the prior Q a fluke. I think that is key.
You do have to take it seriously any time a company is in default - its a big deal and it means they cannot get a bank loan at all until thats off the books. So where does the operating cash come from?? They don't have any. I'm just saying.
why all the rah rah here? They report worse revenue than that of the last 8 quarters, they still have around $33m in debt even after the recent conversion and are still in default of about $3m of that, their losses were awful when the revenues were higher so really, this is just a company running into the ground IMH. There is a reason its priced down here. Enlighten me otherwise with facts and I'll reconsider my thoughts! You guys think revenue is the only thing that matters here? Great, they may make $70m this year, well, they made $57m in 2010 and lost $15m...thats not a well run business last I checked!
I bet it is him...message is too detailed and operations specific - if it was just some guy having fun, no way would the message be written that way. As to lawsuit, get real - won't ever be one and its likely he had absolutely nothing to do with the PR that Yosako posted - the only thing the mattered here. The company came out real fast with the PR clarifying the situation (while not clear), it came out while the price was still up - by no means an after thought.
His only fault is not being upfront on the way the transaction was executed and not coming out and stating in black and white that the PR for 72m was fake. That isn't lawsuit material.
As for the hundreds/thousands...thats just hilarious. 150 traders tops were on this and likely only 10 or 20 were foolish enough to still be holding shares that weren't free shares. If they chose to ignore all the warnings I provided, that is their own fault.
Pink sheets = buyer beware, end of story.
there was no promotion here, that link was 2009 and it doesn't even say if they were compensated or not. That PR, and that PR alone set the ihub crowd off on it...you are the one that brought it into the arena.
Like I said, count your money and quietly slip into the background is the ticket here.
the balance sheet is out there but they stopped filing last year - you can see the trend and know that nothing drastic would have happened in the economy or the company last year to suddenly see sales up 50 fold to justify that kind of buyout.
Yes, you are to blame...sure, you had no clue perhaps that was fake, but yeah, it could be said that this stock never would have gone anywhere if you didn't post that. Why? Because no one would have cared about the stock to do any DD on it to discover that PR...no one cared the day before, why would a new day matter? Heck, no one cared for 2 months before you posted.
Yes, you, and your action entirely created the spike. Take your money, be thankful you got lucky in the pennies, and quietly move on...that is what you do in those situations.
and none of this would likely have happened if you didn't post that bogus PR. Yes, you, entirely you, were responsible for the headaches you created the company.
Fact is, you first posted about the company on the 4th - bottom play - it did nothing the whole day on next to no volume because no one was going to touch it and no one cared.
Juice it up pre-market with that unknowingly fake PR on the 5th though, different story!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61717138&txt2find=drmx
Ihubber does an all-in-one, goes through your messages, sees the PR and realize its pumpable, starts loading and tell his buddies, they load, then they post, it goes viral. That's how penny trading works.
So while its great and all making decent money on a fake PR, coming here to brag about it while there are many bagholders and a CEO now concerned about his ability to run his business because of YOU should at least be a bit humbling.
Times like this, you should just count your money quietly and move on. Just saying.
thanks for the summary and the reasoning behind it all - I understand the desire to go private again and I suppose the norm is to 'just do it' for x cents/share...seems a pretty odd way to go about and of course you would have to understand how it would look from an investors point of view when this wasn't 'explained' publicly and the buyout company happens to be yours.
I understand your concern as a business owner, but I don't believe your image will be harmed at all from this in terms of the business end of things. For 1, if someone wants to know about the company, they will google Euoko - the first 7 hits are exactly what you want. Only the 8th hit is undesirable and it would be advisable for you to get to the bottom of who posted it since that is the only thing that started the chaos you saw last week:
http://www.prweb.com/releases/2011/01/prweb5012604.htm
Either someone within the company (perhaps overseas as it does claim to be from Hong Kong), or perhaps someone that frontloaded shares to dump on unsuspecting types set that up. I saw right through it as a fake PR just looking at your balance sheet, but of course it was impossible to get anyone here to believe that until you released the official PR clarifying.
2. Any 'image' you are worried about in terms of the last few days only relates to penny traders. I am guessing none of them were planning to buy your products in the first place as 99% of them likely never even heard of the product brand. This is not the focus group you would have any concern about as a business owner.
My only comment would be about Fiona, you worry about image, and obviously she probably had a pile of calls and was getting frustrated, but she was rude immediately when I called, wondering why the hell an investor would be calling since Euoko was private, barely even let me ask a single question, and in the end didn't even acknowledge what Dermaxar was even though she was supposedly the one writing the PR's for you:
http://finance.yahoo.com/news/Tatler-Pacific-Acquires-iw-2166432059.html?x=0&.v=1
If she was there to just let me ask questions (after all, that is what IR does), then mention, sorry, that PR regarding $72 million buyout was not authorized by the company, this could have been much smoother for you in terms of the public judgement.
Anyhow, hopefully you can move on with things and turn your company around. Good luck.
yeah, i see 6.5m shares owned....definitely makes it interesting to me as now we are talking the promo world that I usually trade in
as I said, I don't believe she wrote that one - I think that was a fake PR using her name, but perhaps a different email to allow for the new account. It doesn't say Euoko Inc, it says Euoko - when you set up an account, you would enter the account information once and that would always display on the side the same - just that one doesn't though (same with number all crunched together instead of dashes).
It's someone else, and wouldn't surprise even if it was Brandon seeing that the 'crooked' activity seems to lead to him (but that is just opinion).
As for the UTOG thing - interesting, will look into that more as I played the promo for decent dough.
he's the sole director...geez...what more do you need
Seeing that 'she' was the one that released all the PR's, I recon she knew something. Get real.
As for legal, what is legal about creating a company and transferring the assets of the company you run into the company you just created, then calling it a buyout????
Okie dokie!
thats fine, believe your smoke and mirror story.
Fiona's first comment to me was 'why are you calling? This is a private company' - she repeated that about 4 times before she got downright rude about it. Had no clue what I was talking about when I asked about 'Dermaxar'....
I say 4mil debt because I took a guess that maybe the deal 'if any even existed was maybe for 4mil, meaning 4mil in debt left (assumed from their PR stated 'significant liabilities' still remain).
no its not...Euoko has nothing to do with Dermaxar anymore - they are a private entity, end of story, and if you don't believe that, call Fiona directly and have her chew your head off while trying to ask basic questions
no, euoko has nothing to do with Dermaxar...all Dermaxar is is a shell with debt, nothing more, no cash, no nothing...just debt. You own a 'company' that doesn't do anything and probably has 4million in debt.
Either accept the long term bag that 'may' get a pump one day for exit, or move on.
well, i suppose its the question as whether an acquisition actually took place seeing that he supposedly bought the company he ran through the company he incorporated...yuck yuck yuck (thats a 3 stooges kind)...
now something I sort of wrote off in the filings was the date of the debt. A March filing 2010 said in Oct 31 2010, liabilities were 8 million. So, did they just get back from their trip in the time machine when they filed, or was that a typo?
Further, it states Jan 31, 2010 debt was $1 million....so which was it?
I judge from the tone of todays PR, the 8 million is somehow probably the right number as it said 'significant liabilities'....IF there was anything by the books in regards to this transaction, i'd say it was worth no more than 4 million or so. I suspect it never actually happened though - why bother if you are still in debt? No clean shell and now no assets?
The circus came and went me thinks!
This is what I think is going on here: Euoko was a legit public entity – end of year, they just didn’t want to wanted to go through all the public disclosure stuff anymore and went private, so quietly went along doing that through a RM, changing name to Dermaxar at which point the CEO decided to make up a buyout PR through a company he himself created (Tatler). At the same time, someone faked an account at PRWEB using Fiona’s name as an identity (perhaps it was Brandon himself??), but likely had a different email to identify it as a separate account. Interestingly enough, that fake PR didn’t say Euoko Inc like the others, it just said Euoko. Dude on ihub discovers this fake PR finally yesterday and posts it, and of course it then spreads like wildfire. IR gets tons of calls, Fiona is swamped and gets pissed off, forces Brandon to fix the problem today.
Wild…far fetched, yes, but its probably pretty damn close in the wild wild west of pinks…..
What I’d be curious about though is Euoko and Fiona’s involvement here – are they totally innocent? If so, why was she still representing the public entity Dermaxar when she swore to me she had no idea what I was talking about when I mentioned that company name? Is it possible she was in on it unbenownst to the rest of Euoko? Food for thought.
sorry, to clarify, 'ridicule' generally speaking in regards to most peoples responses to my comments...not sure if you went to that level or not