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dude, I literally figured out the PR was fake in 2 minutes...doesn't take hours if you understand basic economics..more importantly, someone did the DD for you (me), and you chose to ignore it, infact, ridicule it.
agree, but they did 'deny' the 72m from this statement:
However, it is extremely unlikely that the proceeds of any impending transactions will exceed the company's current debts and the company will likely still have significant liabilities following the closing of such transaction
Also appears Tatler is his own company he created, so the plot thickens...
write it off, move on...we've all been caught before, but seriously, that is why positive and negative discussion is critical when you are trading...you just can't be blinded with the smoke and mirrors of the pinks
i don't think they said they asked the company about the 72m buyout PR, just the official newswire version that had no terms. I'd have to look back, but that is my assumption.
it also confirms end result will still leave Dermaxar with negative equity...therefore, no assets now, and still owing money = sell
wrong...its easy to pump a stock on some obscure made up PR from overseas, its a hell of a lot harder to come out on ihub and call it out as fake and be right.....big difference!
Any more questions given their new PR?
ok, fair enough mentioning a persons name...sorry about that, but in the end, EVERYTHING I said was right and it was all based on common sense, something anyone that was holding the stock failed to listen to when they were given a fair chance.
Kool aid is a powerful thing, sometimes you really have to step back and think through things logically and adjust your expectations.
Even with the company coming out and saying ignore the $72m thing (yeah yeah, they didn't say that PR specifically, but that is the link I gave them by email), there are still funny things going on here, namely Tatler Pacific...who the heck are they even, and why does the current IR deny on the phone knowing anything about Dermaxar then minutes later release a PR for Dermaxar?
You never did give me your amazon link showing all those reviews - that 'lower page ad' you print-screened looks fishy as well. I'd like to see where all these are as my search only turned up 1 review. Personally I don't believe the products are even as popular as you claim.
Remember, my only claim was the $72m PR was bogus, I agree with everything else...Euoko did a RM, renamed to Dermaxar, then the Euoko operations were bought (supposedly) by Tatler and they are now a private entity. The public entity 'Dermaxar' may have a few million cash, they may have a few Euoko gift cards and nothing more. That is totally unknown.
read all my recent posts...that'll bring you up to speed. Guess I was the only one that actually knew how to do real DD here
SINX monster on the volume
next leg :)
lol, no they are delinquent and in default (yes, the revenue at least is decent as of last known report)...name change isn't confusing either, this all comes down to the bogus $72m....its the only reason this thing traded like it did
on the topic of stocks...SINX nice push on Japan news
lmao...no I'm not, you just can't read properly...the only thing I questioned was the $72m price tag on the buyout, not the buyout itself...
My proof was calling Fiona 1-416-657-3456, dial zero to get her directly. She said 5 times they were private and had no idea why me as an investor was calling.
The fact that she claims no comprehension of any public entity yet released this PR on what remains of the public entity Dermaxar (which she never responded to when I said that name) tells me there is some funky crap going on, and none of it is good for the shareholder.
dude, its already done...cant you read? Euoko is private end of story, question is for how much? $500k and a pack of smokes? A few million?
Aside from that, why is Fiona still representing the remaining public entity when denying any involvement on the phone, and who the hell is Tatler Pacific and why can't they be googled. If you really 'care' about the company, you need the answer to that. Otherwise, just move on as this should just slide back into invisible within a week.
Call Fiona if she is willing to talk (call the number, dial zero) - that was almost the first words out of her mouth and repeated 5 times before I could get a word in edgewise.
The fact that 'she' still responds as an IR contact of the supposed public company when she said over and over that she has no idea what the hell I am talking about in terms of 'public' entity certainly is fishy in its own.
Been private for two months I ask.....'something like that, I donnow' was her reply
dude, wake up and move on - the buyout happened, Euoko is now private, but it didn't happen for $72 million. No $$ has been disclosed by the company.
This is the only part of that PR that you need to know:
The company has not provided any such information to any party or authorized any party to communicate such information.
That is referring to the $72m BS PR I called yesterday.
end of story
dream on - show me a post that said as such - I emailed yesterday, still had no reply, called this morning and got the cold shoulder before I could even speak. Yes, the deal happened, that isn't in question as she said they are private, but the deal didn't happen for $72 million and that is what they are saying to ignore (I forwarded her that PRWEB release).
as I said, no one in the 'investing' world had noticed that fake PR with the 72 million...only a few women interested in skin care tweeted it back then and I only saw 1 note from anyone that looked like a trader. Only once it showed up on ihub would they have started getting IR calls.
any questions??? Next time if I come around and question, perhaps you should listen instead of bash! Guess that explains why she was so rude on the phone to me 15 minutes ago - barely had a chance to speak and she was snapping like a turtle.
people are paying $250 for NFLX because they are growing earnings 50% and revenues 30-40% while pulling in 1/2 billion/quarter. Euoko sales are +13% +53% -21% +38% (oldest to recent) at only a few hundred K per quarter and are last known in default with heavy debt and losing money every quarter. Thats not a desirable growth company last I looked that deserves any sort of comparison to the likes of nflx, but chug chug chug, its suits ya!
Watch a few episodes of shark tank and maybe the way real business deals are done will start to make sense to you.
Oh yes, of course there is still the whole issue of this mystery company that bought them that can't be googled.
well, sorry for the small technicality - I had this one open:
http://www.prweb.com/releases/2011/01/prweb5018724.htm
it was dated 30th...who the hell cares...means nothing. Why wasn't a PR with a financial figure released on marketwire? Thats all that matters.
Growth and blah blah blah...as per last filing:
Our products are currently sold in premium retail channels worldwide including partnerships with such retailers as Barneys New York, Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, Bliss, Harrods (London), Printemps (France), La Rinascente (Italy) and Lane Crawford (Hong Kong). We opened a brand-owned and managed flagship retail store in Toronto in July, 2009 and opened another flagship store in Vancouver in January, 2010.
Read more: http://www.faqs.org/sec-filings/100322/Euoko-Group-Inc_10-Q/#ixzz1Ii0tKwKh
that list was already part of their repertoire for 2009...not like distribution suddenly started up in 2010 and sales skyrocketed to 50 million. Last I checked, we are still in a depressed economy where people aren't going to suddenly run out and buy $140 cream. Guess that Vancouver store must be pulling in the $50 million in sales then.
Keep in mind once again, I know they exist, I know they have sales and lots of retailers, I only question the $72 million based on what I see in the financials and the source it came from. End of story.
Although I will say, I would question what the heck this Tatler Pacific even is because I can't find squat about it...that was in what I'd call the 'official' marketwire PR...so a little on the weird side.
Some company that supposedly has $72m to spare isn't even anywhere to be found on the internet (yeah yeah, magazine...thats all there is and that isn't an incorporated company, its a friggin magazine!)
don't think anyone thinks it was created today..it was only alerted today on ihub though and this is also the first I see that it was alerted in any kind of stock forum. As for the tweets a few months back, I guess the twitter search is useless as I assumed they should show up here and there was nothing before today:
http://twitter.com/#!/search/euoko
thats beside the point - those specific tweets just link the PR that doesn't give any indication of public trading - none of those tweets come from stock traders and I have only seen 1 or 2 old ones from a 'trader'...so essentially today is first kick of the can.
Regardless, as a guy that knows how to read a balance sheet, pure logic and nothing more says that deal never amounted to $72 million.
Last reported earnings 3 month ending Jan 31, 2010, revenue $546k, losses $349k, total assets 1.2 million, liabilities 8 million, stockholder deficiency 6.8 million, inventory of $490k, 6 month sales 940k with loss of 940k...annual trend through 2008 implying 'steady' growth, not the 5000% they would need to justify the buyout value.
Then you got the basic scary stuff:
The Company is currently in default on the loan agreement with CMMG as payments of interest and royalty fees have not been made within the agreement’s terms.
Going concern:
We have not yet achieved profitable operations and are dependent on our ability to raise capital from stockholders or other sources to meet our obligations and repay our liabilities arising from normal business operations when they become due. In their report on our audited financial statements for the year ended July 31, 2009, our independent auditors included an explanatory paragraph regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosure describing the circumstances that lead to this disclosure by our independent auditors.
So thats all that...as to the PR...why exactly when head office is in Toronto would they release the same PR 3 days later in Hong Kong and just tweak the first couple lines to reflect the purchase price? Where is the filing of this great event outlining this information since they supposedly made it public record? Why didn't they follow up through marketwire again with the revised PR?
Those are all just little things in my books - the key is in the fundamentals and the knowledge that you don't buy a company pulling $2 million in sales and in default and/or heavy debt for 36x sales!
That's all I have and there isn't anything more to be found until I hear back from the inquiries I sent in. I am usually right on the far fetched kool aid stories so use some common sense if you are just arriving here to decide how legit this price tag (the only thing in question) is. I'd contact Tatler Pacific, but I can't even find a single mention of it outside of this PR - maybe its 'Tatler', but thats just a magazine owned by Conde Nast, not a company! Beats da heck out of me.
The main players probably realize all this anyway, but they surely wouldn't admit it until they are fully out of their position.
Trade safe, trade smart....
any links? Didn't think so....
no twitter mention of 72m/Euoko before today, I see no other stock forum mentioning 72m prior to today, all there is is news feeds redirecting the original PR from Hong Kong. Wheres the discussion? No where to be found until today and yes, to just see that without doing better DD is enough to pump it up 100's, 1000'% of a percent
reflects the name change to Dermaxar...yup...got it...$72m - tis the only thing in question.
As for the company refuting the PR, odds are today is the first they will have heard of it as its the first day anyone on ihub found it which in turn will likely field calls to IR.
first poster that mentioned the 72 million buyout PR in pre market
yep ditto...I know how to read balance sheets and establish companies worth, me thinks if sales suddenly went from $2 million to $50m (to possibly justify that kind of valuation), they would have dealt with their 10q's and got up to date. The silence says otherwise.
Fact is, the 'fake' PR (my belief) may have floated around the internet for a couple months and finally got tracked by Yosako and that was the necessary fuel to excite hubbers which he got rolling pre market.
All orchestrated and seen time and time again here at hubworld. You know that.
lmao...funny guy
on an unofficial wire, only duplicated on another garbage site. The company did not release that, the official wires didn't release that, only a 'site' that offers a free membership that anyone can use posts it.
Seen it lots - also seen wild stories make many pinks go up 1000's of % - all bogus. It happens alot, doesn't mean its true.
Don't get me wrong, I believe the transaction was made in January, but I don't for one second believe it was worth 72 million. That is all.
thats right...we all should trust the PR that came out of Hong Kong vs the one through marketwire. Silly us. How about YOU prove its NOT false.
As for default - companies still do business while in default, all depends on what kind of grace period the debtee gives them.
One thing I do find curious though is your amazon review ad. I see the screen shot, but can't duplicate it in amazon. All I get is this - gives only 1 review:
http://www.amazon.com/gp/community-content-search/results/ref=cm_srch_q_rtr/?query=euoko&search-alias=community-reviews&Go.x=0&Go.y=0&idx.asin=B002S01RO8
How about a link to enlighten me!
the company is delinquent, the company is in default, and you are trying to convince people the 1 PR floating around that states a $72 million buyout is real? Keep drinking it, but the glass is getting empty.
There was a supposed buyout 2 months ago as per official PR, but thats all there is here.
sure, reviews over how many years? The company does 2 million in sales and is in default with negative equity. I'd love to know how one derives a $72 million price tag on that. Just saying :)
lmao
no worries boss, I sent ya the DD you needed in reply. Not multiple sources - only 1 source says 72m, a free source, in turn linked to benzinga, copying the original 'official' buyout PR except for the 1st paragraph that didn't release monetary terms.
Anyone with a brain looking at the fundamentals of the company would know its bogus (debt, default, couple mil in revenue tops)....alright buddy!
You chose to make it public, i was letting you guys run with it by not mentioning it where it comes up on a drmx all-in-one. Good luck the rest of the way though.
Now let this fine board get back to business :)
ditto....couple minutes of DD though said the pump was based on BS PR....
Would you buy this for 72 million? lol
http://www.faqs.org/sec-filings/100322/Euoko-Group-Inc_10-Q/
the supposed PR (the official pinksheet PR has no dollar figure)
http://www.prweb.com/releases/2011/01/prweb5018724.htm
looks like PR scam...no company in default with a couple million in revenues is worth 72 million in my books...the crash should be painful
WBSI decent size $$ promo on it, good start...unsure on track record though
GDGI breathing some life again
yeah, u'd think if you were going to thump your chest on a public forum, you'd do a little search first. Numb nut.
last 4 of his picks from public alert 120%, 160%, 260%, 308%...just awful....just awful. Only the greedy lose big on this guy and even that would be hard to do.
GDGI - thats a big settle isn't it if it were just a regular snail mailer early on??? 400k?