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Dutton Associates updates its coverage of Nanogen (Nasdaq: NGEN) maintaining a Strong Speculative Buy rating and a $1.00 price target.
http://phx.corporate-ir.net/phoenix.zhtml?c=105681&p=irol-newsArticle&ID=1199476&highlight=
NGEN delisting bounce full steam ahead!
Revenues and profits were up about 25% in 2008. Losses were 2 cents per share. This company has been building itself for many years, and sales are growing, it is about to turn profitable. They are cash strapped, but with increasing sales and profit they will be able to survive. This company traded for a few dollars for years and has had a gentle downturn and only recently (since financial crisis) traded for less than 50 cents. The de-listing dropped the stable price of 25-30 cents to a nickel. This a good company and it will be back up to 25-30 cents in no time at all.
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090306005687&newsLang=en
Revenues and profits were up about 25% in 2008. Losses were 2 cents per share. This company has been building itself for many years, and sales are growing, it is about to turn profitable. They are cash strapped, but with increasing sales and profit they will be able to survive. This company traded for a few dollars for years and has had a gentle downturn and only recently (since financial crisis) traded for less than 50 cents. The de-listing dropped the stable price of 25-30 cents to a nickel. This a good company and it will be back up to 25-30 cents in no time at all.
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090306005687&newsLang=en
100K penalty is not friendly...and forebearance is not a friendly process...it sure seems like that is what is going on. Basically it is loaning more money so you dont lose the money you loaned in the first place, charging loan shark interest rates to do it. Their last 10Q showed they had some decent cash on hand, and they just sold two franchises for one million each, I dont know why they would be short on cash. Also these numbers dont jive with the loan schedule on their 10Q....I wonder if there was a default clause of some sort that kicked in and required pre-payment of outstanding loans.
I find some good info, WITH LINKS, that showed how there was some shady dealings with the JVDT IPO a few years back resulting in some hedge fund managers going to jail. I also provided links as to how the former CFO is the one who bought the two Java Detours at the end of 2008, and I speculated how maybe the former CFO dumped shares to raise money, as he was no longer an insider and didnt need to report the sale. I also speculated about margin calls forcing a sale.
My recent comment about the 8-K is also a reasonable interpretation.
And to be fair, JVDT seems to be a honest reporting company, potentially with a strong future. But it also seems to have some corporate and financing issues, which is not unusual, but should be considered.
The moderators actually deleted most of those past posts, within minutes, probably while they sold off their shares they got for a penny....
I thought it was a DISCUSSION board, where you talk about the pros and cons of a company and relate new findings. You have to put the pieces together with the information you have. If it was a sure thing the PPS would be $1, there is a good reason why it is a nickel and you guys refuse to talk about why that might be- just "to the moon- best company ever!"
LOL- look at your posts- you guys have been wrong about EVERYTHING so far- the more you talk the more the stock the more the price drops.
You guys suck, really. Give people some credit- people are not stupid, only the people who think they can fool smart people are stupid. Meanwhile this thing goes to a penny- either you guys are geniuses or total idiots. I think the market has spoken to that.
Moderate away, delete this post, go ahead!
Dont you guys know what MAYBE means? I used it like 5-6 times in that post- I am just guessing based on the information at hand.
Do you know why the PPS dropped 99% in one day?
Do you have any better ideas?
Or are you just PUMP PUMP PUMPing?
Are you going to delete this post too?
The reason for the big share sell-off was that they couldnt pay off their loans. Someone panicked and sold off all their shares probably, sending the share price to a penny. Read carefully- the loans were due Jan 15th 2009 and were extended to May 17th 2009. The agreement was reached on Feb 24th. It sounds like they couldnt pay off the loans, and the deadline was extended. This is not the sign of a healthy company. It is not unusual in these hard times, but it may be that JVDT is susceptible to the economy, and burned through its cash and was unable to pay these loans off as they planned. Not being able to pay creditors can break a small company, for sure. Hence the panic and dumping of shares down to a penny, perhaps that is were they should be. This 8K suggests that maybe the company is in dire straights.
http://www.sec.gov/Archives/edgar/data/1122887/000114420409011650/v141691_8k.htm
On February 24, 2009, effective February 17, 2009, Java Detour, Inc. (the “Company”) amended a Securities Purchase, Loan and Security Agreement, dated May 19, 2008 (the “Securities Purchase Agreement”), by and among the Company, on the one hand, and Java Finance, LLC, Clydesdale Partners, LLC and Westfield Wealth Management, on the other hand (each a “Secured Party” and together the “Secured Parties”), and amended the related secured promissory notes, dated May 19, 2008 and July 11, 2008, to each Secured Party in the aggregate amount of $1,100,000 (each a “Note” and together the “Notes”). The due date for the Notes was extended from January 15, 2009 to May 17, 2009.
How about a fair conversation, the moderators delete anything that could be considered negative!
Yes that seems true that it is not related directly to the company, but it does make you wonder who they are associating with.... Maybe that explains why it looks like someone dumped 3 million shares, which sent it to .001. Just a thought.
I find I can dig up Google dirt most quickly by adding the word "scam" to whatever I am looking into- there is always someone who complains online about something on a board or in a blog. Often it is just unsatisfied customers ranting, but in this case it was two articles and a court judgement asociated with JVDT, so that was surprising. Dont know how to do any DD without Google.....but it always seems to yield the best information.
Yes, exactly like that!
Or maybe they will pick up cheap properties and remodel some of the defunct Starbucks for pennies on the dollar- their business model is different than Starbucks. Maybe people are giving up the daily drive-through Starbucks to save a few bucks but Java Detour is more of a destination, where you enjoy your coffee, than where you get coffee on the way to work. People may stop going out to dinner at nice restuarants to save money, but may be willing to go to Java Detour and relax in a nice atmosphere instead. So maybe they will benefit from the recession, rather than suffer from it like SBUX is.
Well those are reliable sources, and I live by the mantra "buy on rumor sell on news", so I guess if I wait for news it will be too late. I can take a year or more for these things to finally come to exist from plans, so maybe it is just too early to see any physical proof. So I agree the time to get in is now, but I see it as a longer term play. But confirmation of these plans going foward should cause a big spike in price, for sure. Maybe they will break ground in the spring....
I am not saying you links are not true, I am just saying they are just plans, and plans can change. I have the benefit of living in central Colorado, where they are supposed to be building some, and I havent seen anything. Maybe I just missed them, I will keep my eyes peeled, I am just saying plans change for multi-billion dollar companies, given the economy, and coffee shops are closing everywhere. So maybe the plans changed.
Where I live, they cleared out about 50-100 acres of land, an built roads and put in utilities, spent millions to do this, and then never built a single house, and no longer plan to. Maybe JVDT changed their plans, maybe they didnt, that is all I am saying.
Thanks, I didnt know about Investorshub until JVDT, linked through it when I came across info about it on another Yahoo board. I still think it is a great buy, I still havent bought, just waiting for the momentum to die to get in, then will hold for 5 years, whatever it takes, this is a ground floor opportunity. My posts dont mean I am bashing, just doing DD. I think it is strange that such a seemingly great company reports to the SEC so diligently then doesnt make an announcement when its stock crashes to a penny, so I am being cautious fo now. Maybe I will miss the boat, maybe I wont, it is a risk I will take.
I live in the Denver area and there are not Java Detours going up, I am sure of that. In fact, many Starbucks and Caribou Coffee places are closing down, so I doubt Java Detour is on a building spree at least out here.
I said MAY have cancelled, calm down. My point was the company announces everything, and they have not announced this, and given what I see in CO I doubt they will follow through with those plans.
MONEYMADE- AVON, CO, where that company you linked to is located, is a ski town of about 5000 people in the middle of the mountains, next to Beaver Creek ski area, a town that has many second homes for wealthy people. That link about them building a shop in Colorado is for architectural consultantcy, not contractors to build a Java Detour!!! The consultants are probably in one of those nice homes out there. I was up there earlier this year and next time I am up there in April or late March I will drive by, but no, they are not building a Java Detour there fo sure!
I was going to buy today.....but now I will wait.
I think I will wait and see- there are alot of people sitting on 100,000 shares, and the volume is dropping drastically, once people start selling their blocks of 100,000 shares there is no buyers and the PPS will plummet because there is no support for those kind of dumps and alot of people holding massive quantities of shares below a nickel who cant resist the profit.
Great company, I will buy at 20 cents if I have to on the right momentum but right now the momentum is low so I am staying away and hoping for a nickel. Just my opinion.
well thank God my account settles tomorrow so I can buy about 15000 shares more at a good price!
The other half of this is that the MMs will see market orders or limit orders lined up close to the last trade, and they will borrow shares based on that. The problem is there are no significant sell orders, which is a good thing.
But if you are weak handed please sell your shares at a limit close to the last trade so we can get this moving again!!! If you have limit orders at 50 cents or something like that the MMs wont borrow the shares. If you plan on selling, stack the limit orders in penny increments close to the current sale, so the MMs will see them and make some trades!
There is no way this stock is tanking, too much value in this company....just some indecisiveness on bidders part and a shortage of shares on the MMs part!
I have another $2000 in funds that settle tomorrow, I would be happy if the price didnt move at all today so maybe I should shut up!
I have seen this several times before- MM's are literally running out of shares. They wont sell any naked because they have already reached SEC threshold, the volume was so big yesterday, they had to borrow so many, and now they are too short. There will accumulation with few trades for the next few hours, and then they will start releasing shares if they can. This is good in the long run, but it means big bid/ask spreads and transactions less than 1000 shares...but once they have shares it will move again.