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No increased shareholder value????? According to my account it sure looks like there was an increase in shareholder value. Downs has this company moving in the right direction for sure. Once they finalize the divy then you guys will come up with more BS for us. Just like the BattCave thing and the "fake" award. Give me a break!
You know, I thought about taking the position, but I work full time as well and I can't guarantee to give this board the attention it needs. Plus I still haven't read the rules on what I could and could not remove. I have reported just about every off topic post though that isn't marked with OT. I understand forgetting every now and then but there was a clear pattern there for awhile.
I got out of this one as well. Cut my losses and ran. I don't think a law suit is in order, but I would not buy back into this management team. I moved my funds to IDWD which is doing ok (up 100%) and LFWK which has yet to make its move. Good luck to you all with whatever you decide.
I totally agree 100%, just thought I would throw out some conservative estimates for starters. The potential is clearly there for so much more which is why I am accumulating. I wanted some more south of $0.07 but I might not get anymore.
Going to miss the boat? I think most of these boys already missed some of the boat. I'm up over 100% still. Nothing unusual about a 50% retrace after a big run. We just need to level out here until the divy. Next base will be at $0.50 as we make the move north. Same old stuff from day to day from most bashers here. I guess anyone with a speeding ticket 10 years ago should never again be able to drive. They can't support any of their opinions either. I just wish someone had the time to clean up all of their junk on this board. If someone posts something OT without the OT then that post should just be removed.
This one is seriously undervalued at this level. I’d say it is priced at least at a 30% discount. How do I figure this?
Current backlog of orders is $8M. I translate that into a solid sales forecast for the next twelve months. Under the company’s current cost structure they are operating at a 63.5% gross profit margin based on the Sept quarter results release. Their cost structure should remain about the same as the company plans to eliminate debt by 30 Nov and continue to promote their products. The R&D is pretty much behind them now.
So I broke the $8M sales into quarters ($2M each). Then I reduced that by 36.5% COGS. Leaving $1,270,000 gross profits per quarter. For the Sept quarter their costs equaled a little over $500,000, but for simplicity I’ll use that figure. I would not expect costs to drastically change over the short term. Therefore that results in $770,000 profit per quarter. Spread that over the 770 million outstanding shares and you have a quarterly EPS of $0.001. That is $0.004 annual EPS.
Now you have to look at the type of company this is and what the outlook appears to be in order to establish a realistic PE ratio. At the current levels of about $0.075 we are trading at just under 19 PE. Not bad for a slow growth value company, but wait, the current plan is to grow pretty quickly over the next few years. My estimates are only based on current purchase agreement orders and there are no US government orders factored in there.
I would recommend a PE ratio of 25 to 30 for HISC. Around those levels we would accurately capture the expansion potential as we find new uses for the CYBERTRACKER. Currently only a few school districts use the tracker to protect their school buses and one large order from Pro Sec in the Middle East. No port security contracts yet, no municipality contract to protect their vehicles, no airports or subways, no European sales, no Canadian contract yet. Talk about an extensive contract pipeline waiting to be developed. The potential is definitely there to post multiples of my previous sales forecast.
But for now let’s use the lower PE of 25 and the already captured purchase agreements as a conservative estimate. 25 x $0.004 = $0.10. That’s 33% above the current price level. Right now HISC is attending several conferences and expos a month to get the product name out there and exposed. The White Pages were completed and pitched to several government agencies and port authorities. HISC prices are competitive with similar technologies (real time GPS push-to-talk tracking devices). There are service fees associated with these trackers as well that HISC will likely profit from into the future, so be sure to add that to current and future contract amounts when formulating estimates.
The company expects to be debt free by Nov 30th of this year. The cash flow clearly turned positive lately enabling them to reduce the debt. In the future that free cash can be used to grow the business or possibly buy back shares. A move to the OTCBB is imminent which means more investors will have HISC on their screens. When the stock was trading at $0.02 none of this had materialized, but now we are trading at a deep discount. My near term price target is $0.10 with a long term target closer to $0.25 after the move to the OTCBB.
Or perhaps I read that wrong since one MM is selling to another I guess they are only pocketing $100 per block trade. Is there any kind of rule that requires MM to post actual bids and asks? I know for a fact that I had a buy order in at $0.0035 before when the best bid listed was $0.003.
They really need to establish a law to prevent MM from ripping off investors. Based on L2 it appears that they are pocketing over $300 per 100K block trade ($0.005 buy followed by $0.008 sell and $0.003 buy followed by $0.006 sell). All of that is on top of a trader's commission. Seems like we need a cap on how much spread a MM can keep for themselves.
What makes you think that the total outstanding shares is 200 million already? Looking back over the history of the stock I would think that even if another 1 million shares was sold that the price would dive like it has. I don't believe we are anywhere near the 200 million outstanding shares, but that is just my opinion.
No cheap shares here. I'm leaving my order in though at $0.0031. Been open a week now, might never fill. I'm patient enough to ride this one out for a few months.
Personally I'm giving him the benefit of the doubt since he is kind of like a one man show right now. They still haven't hired a PR firm so that would explain the lack of news. Once the business is up and running with free cash flow then he can consider an investment in a PR firm. Then we will see more news and things will begin to roll. At that point in time we will all look back at our opportunity to buy under $0.01 as a bargain basement entry level. Just like IGTN at $0.003 before it ran to $0.05 and IDWD at $0.14 before it ran to $0.60 and HISC at $0.02 before it ran to $0.12. This one is worth the wait. Just remember that anyone's forecast is nothing more then a guess since there is only one man driving this train and when he says go it will go.
I'm trying to pick up another 100k but I have it in at $0.0035. Just hoping to get lucky I guess.
Just a few questions that have been on my mind and I was hoping some of the veterans around here could help me out.
1. If a company is buying back shares will they show up on the daily volume?
2. What is the typical restriction period for shares issued by a company for services rendered? Are these shares always restricted?
3. Is the general consensus on this board that the CEO tried to raise funds too quickly before enticing the investing community to back the stock, which caused the drastic decrease in price?
4. What are we looking for here to make this one move? Anyone waiting on anything in particular in the upcoming PR's that should cause a spike? I heard about possible financials which would be great, but is that all?
TIA
Yeh, everyone else lower your bids to $0.003 cause I have mine in at $0.0035 and I want more. LOL.
shadow, other then the felony stuff from 13 years ago, i challenge you to present evidence on any of your other claims. why can't we just agree to disagree that neither side here can present any kind of solid evidence to confirm our position. i am betting that it will go up and you are betting it will go down. good luck to you, but i am still confident in my position or i would have sold already and moved on.
we are talking about pinkies here, and based on what i have found most are smoke and mirrors. so to make money you just find the one with the best smoke and mirrors. that translates to potential for success. holding companies in general with exposure to some type of technology are decent bets. they give you multiple segments that could succeed. IDWD offers you just that. The core is the outsourcing and call center business that is capable of surviving on its own. Not alot of bells and whistles there. Then you have the biometrics segment that is apparently "run out of someone's kitchen" according to some from this board. Either way they have a chance of developing technology that could come to market. Or perhaps those individuals are wrong and IDWD has ties with a bigger firm to help innovate this techonolgy and provide a new and improved product to the market. That equals $.
Add to that the "dividend scam" tha you speak of, which could be worth anywhere from $1 a share to zilch. Considering the current share price, a majority of that potential is above the market value of the stock. Sounds like a reasonable gamble to me.
Last but not least that brings me to www.995ad.com, which of course needs alot more work to even be compared to eBay, but in comparison to other pinkies this shot has a better chance of selling ads then say PLNI which sells plastic rebar. I once made a nice profit on a company called 21st Century Technologies (TFCY.PK) when it released its www.prizewise.com which is a eBay type site with raffle tickets. Sure there are still bag holders of that one since it went back down to the current $0.002 level and I think there was a RSS in there, but I still managed to make a few G's on it. I see IDWD as a similar opportunity and frankly I don't understand why you don't.
richa1, Sorry i am still a free member of iHub so I cannot reply to personal messages. I have been burned with a restricted share dividend before. To me it all depends on what company the restricted shares are for. If it is a pinkie then more then likely they will be worthless by the time the restriction lifts due to dilution. Clearly a majority of pinkies fail, which is why you find more bashers on these boards. I guess they feel better when they can say "I told you this company was a POS", but to me that is like betting the favorite in a horse race and when it wins saying I told you so and cashing in your $2 ticket for $2.20.
If it turns out to be a OTCBB company then it could go either way. If the company has a solid investor base already and the merger of the two companies is deemed by the investing public as an improvement then the shares may increase. If the company succeeds then we might all be sitting on more value then we think. Alot of IFs but isn't that why we are all here.
Did the MM take a vacation today or what? Have any trades gone through today yet? Pinksheets.com is showing zero volume. Must be due to the large spread. I am still a novice at this stuff, but aren't the bid and ask pretty much determined by investor orders? I know I have a bid in to pick up some more at $0.0035 if it hit that, so if I am the only one out there with an order in then wouldn't I set the bid at $0.0035. And the longs with enough stock to sit on probably want at least $0.006 before they will even consider parting with any, so wouldn't they set the bid at $0.006? To me it seems like a wide spread like this indicates that we have completed our decent and perhaps we will begin the reversal shortly. I think it will all be based on how impatient investors with money are right now. If they don't want to wait and risk not getting any shares then they will walk their bid up to meet the ask. I just don't see any longs walking the ask down to the bid since there would be little to no profit taking at this level. I think we just need patience here.
Here's my prediction to add to the mix. The stock will make its next big move when the ex-dividend date is announced with more details on what we will be getting. If it is an all cash or part cash divy then it will go up. If it is a divy in an OTCBB stock then it might stay about the same. If it is a divy in all restricted shares of another Pinkie then it will drop (and drop fast). If the whole deal is called off it will drop and drop fast. If the company announces the spin off of www.995ad.com then it will go up.
There will be a buyback a few days before that announcement if it is going to happen at all. As long as the share price stays at this level or drops more the company will come out even better then originially expected. Everything hinges on the success and details of this dividend. Either way our bottom for the time being should still be $0.15 since that is where we took off from before all of this. Personally I belive that www.995ad.com is worth that much. And everyone writes off the call center and outsourcing business as worthless. And there is little to no publicity about the biometrics business so that is also discounted.
Does anyone have a good site that I could check out to determine what percentage of ownership belongs to each of the loft buildings that are on Loftwerks' website? They have a huge list of lofts for sale and rent, which leads me to believe that the company does not fully own all of those buildings. I know for a fact that Loftwerks holds a 40% stake in the Ambrose Lofts project because it is in the headers here and in the 15c211. Perhaps someone already determined these percentages. If so please repost so I can save quite a bit of time. TIA.
1. Where does it say that it is legally required for a pinksheets non-reporting company to file any of these documents? I bought knowing that they wouldn't be filing any reports and if they did it was a bonus. Take HISC for instance. They filed their audited financials and gave us some good information, but I don't feel that they were required to do so. They are trying to move to the OTCBB so that is a different situaiton perhaps.
2. Where does it say how often a company is required to inform the public of their number of shares? Certainly it is not every day which is the rate that investors probably call the T/A. I think I would have the same type of "gag" order if I were king for a day.
My first question is about today's trading. Can anyone post a total number of shares that were traded anywhere below $0.005? Personally I believe we have established a nice base here at $0.005. Seems to consistently bounce off that level. One would be wise to continue to accumulate at or below that level.
Second, do many pennystock investors utilize a stop loss? I luck out in that I can check the internet throughout the day, but I would think there must be a few investors out there that do their DD at night and place orders so they can go off to work during the day. I would think that a 50% loss on a pennystock might not be a bad stop loss and considering that most people probably bought in around the $0.006 level lately or slightly above. So do you think that MM may have shook the tree today to bounce it down below some stop losses to get the shares to fill orders? It rebounded north of $0.005 in a hurry.
I think we covered this before but it is very expensive and vert time consuming to fiel these reports. While I would love to have them completed in order to know if I should hold or add to this postiion I don't think that the benefit outweighs the costs. Any fund available right now should be used to get www.995ad.com up and running smoothly followed by a coast to coast advertising campaign. I don't know if you noticed but eBay has upped the stakes with their new commercials. Anyone else think it must be caused by increased competition?
As far as the whole "gagged T/A" issue, I am just a believer that you hire a T/A to raise capital by selling shares and not to inform investors. That is what a PR firm is for. A good PR firm should have a close connection with the T/A so that they can release updated numbers of shares. I experienced a day when HISC's T/A todl someone the wrong number and a panic selloff occurred. The CEO quickly fixed the problem and the share price corrected. I just don't think that is the purpose of a T/A, but I may be wrong.
I do believe that bashers are a healthy addition to the mix. But there were two or three that keep up their normal routines. One posts the same stuff bashers on every board post and then the other two chime in with "I agree 100%" or "I couldn't say it better" or "Longs have their heads in the ground" or something about blinds instead of curtains. Very comical, but a waste of time for us all.
There is a question I must ask all the bashers here, but I need you to pretend for a second that you had enough courage to actually put up some money to take a chance on a pinkie stock like IDWD with alot of unknowns. If you were the CEO would you post PR's every so often about how you were convicted of a "felony" (still not convinced it was a felony conviction) over 13 years ago? Would you post a PR to remind everyone that your business ideas are not yet in action, but this is in fact the plan for the company to make all stockholder money?
The simple fact is that PR's are created by the company for the company. They are used to inform investors about the potential within a stock. Everyone is on their own to dig up additional negative DD (luckily we have you guys here to save us) and then each must way the good with the bad. What I do personally is way the bad first then I take the good and cut it in half. If half the good outweighs the bad then I buy otherwise I monitor for more good or bad stuff. IDWD is far more good then bad, and if you eliminate the stuff that happened over a decade ago you will see that as well.
Howdy, I'm new, but I like what I see so far. I'm in for a piece today, but I have some more DD to do before I back up the truck. If I can't get any response from the CEO (which I doubt based on previous posts) is it ok if I post my questions here in case I missed something? TIA. Good luck to everyone.
Shadow, reread some of the previous links and you will clearly see that he was charged with "SCHEMING" to commit these crimes. If he was in fact convicted of these felonies then he would not be able to control this public company. Also, he would not walk with only a probation for crimes like these if in fact he had pled guilty to actually committing them. Sometimes I feel like I am pointing out the obvious to you guys, but then you come up with even funnier stuff to post.
Great document, that puts to rest a few of my doubts. The section of the Judgment called Imposition Withheld proves that this conviction is nothing more then a probation for his intent to commit these crimes. So, no he does not owe anyone $600,000 and no he is not a convicted felon. Thanks for setting the records straight. I;m not denying that he committed a crime, just pointing out the severity of the claims previously made.
I've been gone for awhile making a little on the side with a few other plays. Can anyone update me, does this contract mean that HISC has gotten their export license from the US Govt? Sorry if i am way behind the powercurve. I've been waiting for official word that the license was granted for overseas sales. Perhaps Canada falls into a different category due to NAFTA. TIA.
I'm not sure where the 2.5 million float shares figure came from. I do not recall that in any PR so it is likely someone's guess. I would guess that the outstanding shares is around 50 million and we know that 30 million of those are restricted and owned by insiders (mostly Downs himself). So the float is realistically around 20 million shares. Insiders feel this is drastically undervalued right now, and I agree. So they have raised funds to "internalize" the dividend and take advantage of the depressed share price. This effort will reduce the float by up to 25% if they are able to buy enough shares at the depressed price. The company probably already bought some, but by announcing they are showing confidence and being as open and honest as possible.
In response to recent price fluctions, all I can say is that it is the normal market at work. I highly doubt anyone has the $100,000 it would take to seriously manipulate this stock. We are trading over 700,000 shares a day. Considering that the share price was at $0.10 only 14 trading days ago, I can understand some profit taking. As we shake the tree and the loose leaves fall we make room for other longs to pick up a few more shares at a discount. New longs enter and take their places. Nothing unusual if you ask me.
chisox, i believe you are incorrect. they could short against the stock to hedge their position but this would not necessarily be bad for shareholders. it just means the overall effects of the reduced number of shares would have to wait until after the dividend paid back the loan and the holder bought to cover.
We are all business men and women here right? Where would they get the money to buy back the 5 million shares? If I came to you and said I need to borrow $1.75 million for a couple months max and I'll pay you 10% interest just to hold the money for those couple of months and I will put up as collateral say 10 million of my restricted IDWD shares (worth $3.5 million), what would you say? Now, I'm not a banker but that sounds like a reasonable deal.
Let's just say the dividend gets chopped up by taxes and fees and we only see a $0.40 dividend. These 5 million shares returns $2 million of value which pays back the $1.75 million loan plus the $175,000 of interest and leaves $75,000 of profit plus 5 million shares retired.
Hmmm. Bank gets about 40% annual return on their money = WIN. Insiders make an additional $75,000 profit = WIN. Investors get the benefits of 5 million less outstanding shares = WIN. Sounds like a win, win, win situation to me. Oh, and the US Govt gets their tax money. Can't forget Uncle Sam.
thanks matrix, this is a good post. looks like downs is a good ceo after all. he had enough of a strategic vision to know that he might eventually be able to drop the price once the volume picks up. so he went ahead and established these other domains already. it does appear the his goal is to get to $4.95 ads which would be amazing. i just think there is no reason to shoot yourself in the foot this early if you can undercut the competition at $9.95 then why jump straight to $4.95? this is a very informative site, thanks for the DD.
How can you guys afford to spend all day on message boards? Do any of you recommend actually BUYING any stocks or do you just specialize in shorting. The little research I did into your posts seem to be sell recommendation all around. Interesting. I'm all for some good debate, but if all you are going to do is suggest this company is a scam with nothing but a 13 year old court case and opinions then I have to wonder the same thing that everyone else here wonders. You have got to be profiting in some way from the decrease in stock price. Otherwise you would have moved on long ago. Do your own DD and give us some material to chew on instead of playing the "this things must be a scam" card, or the "nothing but dilution going on right now" card, or the "this thing doesn't even exist cause I haven't seen it, tasted it, walked all around in it" card. My suggestion, find another way to make a living. One that is a bit more reputable and rewarding.
I'm not saying he didn't commit a crime. We have the evidence that shows that, but it was 13 years ago. I'm not totally convinced it was a felony yet either. So I guess you believe that criminals should never be allowed to build successful business EVER? Bashers use this item way to much in my opinion. Next you will tell us that Bill Gates is an alcoholic so short MSFT. Give me a break.
Jim, you crack me up. So a sale of a business unit for $41.5 million does not legitamize this company even one bit? I know you don't even believe that there is a potential buyer and that there even is a business segment for sale and that there is even a company called IDWD, but come on. Even the potential for this sale to go through is worth at least $0.50 a share. Even if we get say $0.25 as a dividend that is a 50% return and let's say it is even worse then that and we only get $0.10, wow, only a 20% return. We still have 995ad.com to spin off and the biometrics business not to mention the core of the business that everyone has totally written off in the call centers and outsourcing business which holds tremendous potential in and of itself. We are way undervalued right now.
Filings???? It's a pinkie, why should they file? Do you have any idea how expensive it is to file all the required documents, especially with the new S-O rules? If a company is even capable of completing audits in pinkie land that is a great sign. Anyone who thinks that all these companies are lying flat out in their PR's is way off. Ok, so most PR's have a hidden agenda, but a successful CEO of a pinkie ot only runs the business but must ensure a good advertising campaign otherwise interest in their stock dries up and they los the ability to raise funds. You can call it dilution if you want but that is what pinkies and OTCBB are designed for. I invest in them for the potential that each holds. IDWD holds far more potential then 90% of the other pinkies I have researched.
Where does it say that scheming to defraud/grand theft/sale of unregistered securities is a felony? If someone can dig that up somewhere I'd appreciate it. Besides, who commits a felony and only gets 20 years of probation? My guess is that he tried to start his own company by raising funds, but when the company didn't succeed the investors filed this suit against him. This was over 13 years ago now. Do you really expect an intelligent self starter like this to just roll over and pump gas the rest of his life. Not me. I would do the same thing he is, I'd pull things together and keep fighting to build a successful business. This time he has done it. Ross Perot had several bankrupt companies before Perot Industies took off and succeeded. In fact, I bet if you do some of this type of digging you might find some big names like that with "felonies" just like this.
But the special dividend (if issued) will have serious effects on shorts (if there are any). Agreed?
OT: God Bless to everyone in Florida. Stay safe.
cw, the way i see it is if someone was tracking IDWS up through yesterday and wanted to buy, but was not on a message board or using pinksheets.com then they may run into a problem finding the new ticker. i often use bigcharts.com and when i went there this morning and typed in IDWS it came up as no such ticker. then i checked iHub to confirm the IDWD ticker. when i went to IDWD there are no press releases posted (i.e. they don't pull them over from the old ticker) and there is no new release confirming that the symbol change occurred. i am not positive, but i think anyone with an order in for IDWS would get a cancelled order back and have to know the new IDWD symbol to replace the order. i have only limited experience but i think this volume dry up is normal the day of a symbol change. way too much potential for this one to go unnoticed for too long.
I guess the bshers didn't believe that the symbol change would ever happen and now they are shocked into silence. That or they are all in jail. This one is so undervalued. Just needs a little publicity to get it going. I'm happy either way. Just waiting for my special dividend to hit my account. Looks like it might take a bit longer then originally planned, but I am a patient man.