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Nicely said, Titan. I for one have learned all about Roger the Wizard the hard way; however, he is not stupid (I don't think), and at one time DID build up a substantial, valuable real estate portfolio and did, in fact, dole out a real cash dividend. I imagine if this hybridization thing is real, then it will take some time for things to develop, and let's face it, this type of business COULD become very successful as the world tries to become greener. It's my understanding we'll keep all of our no-bid CBAY shares; the new shares in the subsidiary will be a lovely gift from good ole' Roger, just before Christmas...thank you Roger.
I wonder if we'll move up a bit prior to 11/21, the ex-date for the dividend. And another thing, I just don't understand how millions and millions of shares are trading, yet there's never a bid.
Go CBAY! Yippee. (lololol)
But you get to keep all your Cal-Bay "International" shares, which company will tap the foreign markets.
And, Mr. Crabby, don't forget that Roger is a wizard of sorts, and we're stuck here anyway so we might as well be optimistic.
;)
Quiet accumulation? (shhhh..)
;)
Shareholder equity: "A firm's total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity represents the amount by which a company is financed through common and preferred shares."
APIA's shareholder equity has not been destroyed, but has INCREASED for the last three quarters: 8/31/08 $24.5 million; 5/31/09 $23.9 million; 2/29/08 $21.3 million.
There are now only 32.4 million common shares; 26.2 million in the float. Just because the share price is low, doesn't mean the equity is.
Nice. You paid half as much as the insiders who bought in early October at 40 cents, and that includes Beusse, who just resigned...hmmm...interesting development.
Not to beat a dead horse, but I did not ask "why." I simply was trying to make a point about rinky-dinkiness and whom should inform whom of what.
.025 or NO DEAL.
(lolololol)
Maybe it's the extremely interesting Sickert involvement that they want to revise or perhaps delete. :)
No I did not miss that post. For you, the IR person for the company, to almost demand that Keymaster provide you with personal evidence of the whys and wherefores of CBAY's debt to him seems unprofessional. I mean no animosity here and wish you good luck.
I am quite sure the company has all the information it needs to pay off that judgment. I don't think Keymaster has any obligation whatsoever to share ANY of his personal information here or on any board for any reason--ever.
It's up to CBAY to keep you and the shareholders informed, not vice versa. Geez. Talk about rinky-dink.
Go CBAY! To da moon and beyond!
Hope you're right, Masta. Some of us have been waiting for a very, very long time. BTW, in Keymaster's defense, he is absolutely correct that CBAY owes him money and it's related to the Las Vegas properties. At one time, CBAY "owned" millions and millions of dollars worth of real estate in the LV area. Now, they own absolutely nothing in Clark County, NV. What they DO own, if anything, is the big question, and they need to stop making excuses as to why they're still not squared up with the Nevada SOS.
If it becomes part of the court record by Judgment, then you should be able to view it, but an out-of-court settlement doesn't have to be made public. The court would just show a dismissal or withdrawal.
(I think!)
Here they are, Keymaster, for old time’s sake. Once, Pawson had ordered a NOBO list to expose the shorts; in the other PR he “retained a prominent law firm” to thwart the shorts.
http://findarticles.com/p/articles/mi_m0EIN/is_2006_June_2/ai_n26883886
http://www.allbusiness.com/personal-finance/investing-stock-investments/3921538-1.html
It would be my guess that by that date the plaintiffs will either withdraw the matter or present their settlement agreement to the court for approval. Whether it's settled out of court or not, the matter must be disposed of within the court system--by judgment or withdrawal.
APIA is a "fake" stock? You are a funny one, Bell.
TRMM. Book value per share is .87, and they're selling for 18 cents. Yahoo gives it a $3.50 price target. Shareholder equity is $18.7 million; market cap is $3.5 million; there are only 21.4 million shares outstanding, 14 million in the float. This is a national ATM company that got kicked off the Nasdaq because its share price was under $1.00.
Low, low volume, impatient investors, games, and/or whatever...keeping the share price low for those who want to get in early.
A real company with real value.
Hey Gail, you're #21 on the Breakout Board. Nice going, BikerChick! ;)
http://investorshub.advfn.com/boards/HotBoardsRelative.aspx
That's not unusual at all. Patience will pay off with this one. Predictably, APIA is now trading below book value, a bargain for a REAL, growing company with only 23.8 million shares in the float.
Oh, of course! The double secret MM codes! If they ARE buying back shares, it would be nice of them to tell us about it. After all, they tell us whenever they purchase a new phone, and a buyback would be even BIGGER news. OK, so c'mon Roger, tell us there are now only 8 million shares outstanding, like in the good old days. (.025 or NO DEAL)
;)
My pillow is not dirty, nor are my eyes bloodshot, thank you very much. Hey things are looking up. Someone bought 750 shares today--spent a whopping .075 cents on CBAY. Can anyone explain this?
I never trust those stock promoters with their glorious predictions. Anyway, that was then and this is now. A lot has changed in 18 months. It's all about the increasingly good numbers, where the company is going, and whether or not the market will ever start showing some interest, especially now that the float is much lower, and of course, uplisting MAY be in APIA's future plans...
OT: Hi there Chloebware: Isn't that the question of the decade. Looks to me like they're raising money to fund the new projects (and hiding that fact), but who knows. I can't PM cause I'm free (i.e., too parsimonious!). If CBAY hits .025, then maybe I'll become a paid IHUB member.
Go CBAY...yippee.
;)
But not if the USA reaps a nice profit in the end; it may take a bit longer than 6 months, however.
Some entity or individual bought 1.227 million shares on Friday. Hmmm. Yahoo gives TRMM a target price of $3.50. I guess I'm just talking to myself. Note to self: Sooner or later this bear will turn into a bull, especially if they get themselves back on the Nasdaq.
C'mon Bell. You know that's not true. Look at the whole picture...backlog, steady increases in revenues/assets/equity, etc., and look at the balance sheets.
Geeeeeez.
Yes, which works out to still another increase in shareholder equity to $28.5 million, based 38.8 million shares outstanding. (38.8 X .737 = 28,595,600.00)
Very nice!
Well, that's simply not true. If you look at the balance sheets, you will see that there have been year over year INCREASES in shareholder equity:
2005 - $9,509,000;
2006 - $10,206,000;
2007 - $21,979,000;
2008 - $23,932,000.
Losses have narrowed, revenues have increased, and the float is now tiny. Hey my holdings have dwindled too. A R/S is not usually pleasant, but after the shock, there's often a good buying opportunity for those who dare! We shall see. Good luck to you.
OK, my semi-logical reasons have emerged...the stock is DIRT CHEAP and there are only 6.5 million shares outstanding and 4.8 million in the float, and this is a viable business in China as far as I can tell with fast-growing revenues, so with the market cap under $228K, it seems like a better-than-average bet to me.
:)
(lol) Oh yes, I agree (that it was a "mistake" is a typical CBAY excuse). And Roger seems to have no fear of writing bad checks. He's just not normal.
I was told by the company that the default with the Nevada SOS was a simple filing fee mistake that had been corrected, and that the Nevada SOS would update CBAY's information "at their convenience." Not only does that sound a little funny, but they told me that on August 25th, almost a month ago, and (ho hum, surprise!), they're still in default! So much for that.
With all these non-happenings, you'd think one of these days SOMETHING would happen. Will the law of averages come into play at some point? We're way overdue for a big, real happening, and a good one for a change.
So are you really Steven Bulwa? Or were you intending to post an email you received from him?
Thank you in advance for answering.
C'mon now...SPILL it!
:)
APIA :)
API Nanotronics Announces Effectiveness of Reverse Stock Split
Date : 09/22/2008 @ 8:00AM
Source : MarketWire
API Nanotronics Announces Effectiveness of Reverse Stock Split
NEW YORK, NY -- (Marketwire) -- 09/22/08 -- API Nanotronics Corp. (OTCBB: APIA), formerly (OTCBB: APIO), ("API") (the "Company"), a leading supplier of electronic components, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced that the previously announced one-for-fifteen reverse stock split of the Company's outstanding common shares and exchangeable shares became effective upon the opening of the Over-the-Counter Bulletin Board market this morning. API's new common share trading symbol is APIA, replacing APIO, the trading symbol that was used prior to the reverse stock split.
API effected the reverse stock split by filing a charter amendment with the Secretary of State of the State of Delaware for its common shares and articles of amendment pursuant to the Ontario Business Corporation Act for its exchangeable shares. The reverse stock split was previously approved by API's Board of Directors and by API's shareholders pursuant to Section 242 of the General Corporation Law of the State of Delaware for its common shares and pursuant to the Ontario Business Corporation Act for its exchangeable shares.
Pursuant to the reverse stock split, each holder of API's common shares or exchangeable shares on the date of effectiveness of the reverse stock split became entitled to receive one new common share or new exchangeable share, as applicable, for every fifteen old common shares or old exchangeable shares, as applicable, held by such person. API will not issue fractional shares as a result of the reverse stock split. Any fractional shares which might result from the reverse split will be rounded up to the nearest whole share.
Shareholders who hold existing stock certificates will receive instruction from Equity Transfer & Trust Company on how to receive new stock certificates. Shareholders whose certificates are held in "street name" or on deposit with their brokerage firm will need to take no further action.
API's common stock will trade under a new CUSIP number; 03761M203.
About API Nanotronics Corp. (OTCBB: APIA)
API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.com
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements. All forward-looking statements are subject to certain risks, uncertainties and assumptions which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties, which are more fully described in the Company's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include but are not limited to, general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits, our ability to protect our intellectual property, our ability to integrate and consolidate our operations, our ability to expand our operations in both new and existing markets, the effect of growth on our infrastructure and the effect of competition in the electronic components, nano-optics and nanotechnology industries. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. All information in this release is as of the date hereof. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Yes I have read your board (good job!) and am hoping to get some FNIX next week. You used to rate .0001’s (good and bad) I think, but no longer do that?
As to SWVC, I understand what you’re saying, but I’d buy based upon the cheap price and the company’s future. I do like your philosophy (yes! Easy on the brain), but it’s hard for me to invest in something blindly. Uh oh. I’ll have to retrain my brain and give your method a try so you won’t have to ban me from this board! Making 100% profit can’t be a bad thing. My biggest fear on these pinkies is getting stuck forever with NO BID or, of course, the dreaded R/S.
I’ll let you know if I buy FNIX or any of your other picks. Thanks again, Gail.
Yeah, I think Pawson, the crook behind the scenes at CBAY, has finally run out of tricks and seems to have lost all credibility.
Nope, not willing to invest $10.00 more in that one! If you knew what I know, you'd give it a xxxxxxxxx! (lol)
No, not yet. Maybe on Monday if I can get them at .0001. I found that one when I did a screening a month or so ago for cheap stocks, and Reuters had it rated as an "outperform;" however, that rating has since disappeared. SSWV used to be a subsidiary of IVOICE, a stock I don't think you like too much.
I'm not much of a technical person like you, and appreciate your taking a look at it! If I do buy, it will be mostly based on their tech and customers.
The last time I bought a cheap Reuters "outperform" was Goldspring and I came out of that one with a 3200% profit, but that could have just been beginners luck!
If you're talkin' about CBAY, that one I do NOT like; in fact, I've been stuck in it for a few years (I first invested when they were fully reporting).
But don't get me started! (grrrr)
Hey there Gail. Thanks for the freebie board. What do you think about SSWC (Speedswitch)? It's a real company with in-demand products and seems to do the bouncy thing, but only from .0001 to .0002, but with time, good news, and patience, I think it could go much higher.
I love your beautiful voice and weird sense of humor. Good luck with your boards, and I hope you win big with your stocks.
:)
Just too adorable... ;)
I don't know if even Ernst & Young could make head or tails out of what's gone down with CBAY since I first "invested" here, so it is indeed hard to believe that they'll get their act together by the 4th quarter of this year and become fully reporting again. Roger is going to have to come up with something better. Buying a few million for $100 or $200 is one thing, but investing $4K in this now-virtual company seems crazy, especially since there are hundreds of REAL companies out there whose shares are going for bargain prices.
And speaking of volume, what possible reason could there be for these high volume days with essentially NO uptick and NO bid if Roger weren't diluting again?
Notice that after one month, CBAY is still in default with the Nevada SOS after having JUST restored their good-standing status. It wouldn't surprise me if Roger deliberately went into default again in order hide the fact that he upped the authorized again. He's probably using the money from selling shares to fund this new "plan" that will restore CBAY to its "former GLORY." Or, he's buying himself a new home, or both, or who knows?
Yes, I have a bad CBAY attitude today and I'm proud of it. Keymaster, I hope you're doing OK.