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Thanks Gullyman. KMAG is current on all filings, will issue the next Q early, have a buyback going, have revenues growing exponentially, have just hired a CFO and are a legit firm in the quagmire of Pinksheet neighbors. Don't know how low this is going but the companies true value is not being represented accurately through the current share price.
You keep repeating the same false information about KMAG. The share price at this range isn't remotely "overpriced". The company has provided PR's detailing over 20 million in sales revenue for 2012. Here are some of the facts you seem to forget:
-RFID is early in first quarter of the product cycle and warrants higher margins than commodities.
-KMAG is a niche or specialty RFID producer which warrants even higher margins.
-KMAG has product manufactured based on their own Patents which eliminates competition and again enables high earnings margins on sales.
-Standard gross income margins are typically around 30% for most commodities.
-Specialty products warrant a 50% gross income margin or far greater.
-RFID and KMAG's market is worldwide
-The RFID market was over 5 billion $ in 2010 and is expected to reach 20+ billion by 2020
http://www.rfidnet.ch/downloads/26_rfid-markets-toulouse-idtechex-v2-good-one.pdf ;
-KMAG has no debt and requires no debt service for loan maintenance, enabling higher net margins
-KMAG having no debt at this point in their life cycle is a virtual miracle. They have conceived the ideas, designed them, hired attorneys, patented their ideas, built a business team, created the product, beta tested it, taken bids for fabrication, awarded contracts for fab work, enrolled clients, fabricated product, sold product, delivered product and collected monies, all while avoiding debt. At this juncture in a companies life, they are usually destitute, debt ridden and highly dependent on loans and needing cash from sales to simply exist. KMAG is debt free. Beyond astonishing.
-Mr. Reid stated he needs no additional funding, even with exponential growth happening. IMO, with their specialty product line, KMAG is taking pre-payments or payment upon receipt for orders. No additional costs are required for financing.
-Based on pre-payments, KMAG IMO has virtually no costs affiliated with storage and warehousing.
-KMAG apparently has adequate fixed cost manufacturing relationships and facilities in Guangzhou China to meet existing sales needs.
-KMAG's outsourcing of manufacturing to Chinese firms, provides a highly competitive fabrication base that allows them to manage, with a small tight management group and control salary and wage costs.
-KMAG has PR's showing 23 million dollars in expected income from contracts for the upcoming year
-KMAG's rapid growth warrants a high PE ratio of at least 20 based on their accelerated PEG
-Based on the product and the limited amount of clients qualifying for a specialty product, the odds are very high that Mr. Reid is doing the sales and marketing himself.
-KMAG has no debt, no warehousing, no middle management, no direct work force, no borrowing costs, no appreciable attorney's costs and a small management team, their NET will be an extremely high percent of gross.
Here are today's trades and the last two trades from yesterday. Looks like MM's simply swapping the 1552 shares back and forth attempting to create volume on the bid to create the illusion of selling:
09:47:51 0.87 401 OBB
09:30:48 0.87 1552 OBB
09:30:34 0.87 1552 OBB
05/15 1.04 1552 OBB
05/15 1.04 1552 OBB
Collins Stewart is among my least favorite MM's. I hate the bastages. They consistently put downward pressure on almost every stock they are involved with. My guess is they are shorting the stock. Based in London, they've only had a presence in the U.S. for a couple of years and it's been hate at first site.
If they are shorting, who's it for? My guess would be they're shorting a broad base of the entire oil market to match the recent erosion in Oil's Spot Price and they know nothing about SIOR. IMO it's just part of a broad based market suppression. The customer, some biggie player that is scatter gunning various oil stocks and is shorting the various picks in the market. Our yield sign is probably one reason they would pick us, it looks safer.
That's pretty much all I have, lets see what other opinions surface.
How is placing 5000 shares at the Ask that hundreds of thousands of share buys can't displace "normal market"? You should read up on FINRA rules. The MM's are supposed to list all shares for sale and all that are on the bid. They aren't listing their Ask numbers and no, this is not "normal market".
How is walking the share price up above an Ask to make a transaction look like a sale instead of a buy "normal market"? This MM behavior distorts the amount of buys vs sales and changes data. Normal? In what world?
You can repeat with 50 posts that KMAG is "overvalued" and you'd still be wrong. You have no argument, no backup data and creditable information to bolster your spurious contention.
Interesting that they are warping the bid/ask to list your ask hits as sells.
We all know crazy things happen with penny stocks. Even crazier things happen with penny stock prices prior to big moves up and down. Somebody always knows something and shenanigans ensue.
Someone has been trying to peddle over a million shares for days. They're selling some shares and the amount for sale is diminishing. They keep moving the Ask price downward and what is at .016 is the remainder of their block. Odd timing IMO. We're only 45 days from mid year and what the company has intimated should be happening.
Hey Bake, they've been parked for a while. I thought volume during the past few days would move them out. It'll be interesting to see what Ross and LGHS do to get this some exposure.
Good luck to you.
I can't believe the volume one day before fins are released. Expected over 10K in buys and a move into the $1.20 range in anticipation of tomorrow.
Why would LGHS bother doing with their upcoming PR campaign if Revs and Net aren't strong? They wouldn't.
On the other hand why buy legit shares when there are some real nice POS that can be bought for a lot less than a buck. Mr. Market can be awfully quirky.
Sell and move on, there are lots of plays you might like.
I like today's action. There are some huge buys at the bid all day. 775K, 500K, 500K being absorbed sometimes below the actual bid. Either someone covering or someone sizable buying, don't know which. When they're done loading. We move IMO.
You have amazing skills at DD xzx, very nice find!! Also, thanks for sharing. Operation load more inexplicably cheap shares this week. The reward to risk ratio keeps getting better on an unbelievable existing ratio.
It is very informative. Types of RFID, national use, sectors, military and government applications and a lot of other insight. The 2010 number was pretty accurate. The year it was published is hazy as it lists 2000-2009. It should help some of us understand the market and KMAG's place therein.
Very nice PDF article on the growth projections of the RFID market through 2020 by Dr. Peter Harrop. It loads quickly and has a ton of graphs and graphics for the skimmer types:
http://www.rfidnet.ch/downloads/26_rfid-markets-toulouse-idtechex-v2-good-one.pdf
LOL, now that's funny. I'm was just messing around.
Interest here is steadily growing if bookmarks are an indicator.
The nervous nellies that sold after hearing about the shipping accident and one month delay in mounting the platform at the I-1 site should be out by now.
This management group is extremely aggressive in obtaining properties and forging partnerships and alliances. The upside of WGAS is enormous. Dollars are a very distinct possibility within the next 12 months.
Holding and may exit other plays to pick up some more shares. Share price is at an all time low and conversely the upside keeps growing.
Is this stock any good?
I strongly agree with you. There is no better promo than strong earnings. No expenditure required, simply running an efficient business. If a company is earning healthy net income, greed automatically takes over and the share price rises. Look how many shareholders KMAG has attracted and watch what happens after the next 10Q. Boom.
Off topic. I see you're a rancher. We have a cowboy that runs horses on a property. The other day he asked, "how's the best way for a rancher to become a millionaire"? Answer, "start with at least two million". He's pretty funny.
Looks like a share buyback to me. 1 mil on the ask to intimidate buyers and a tiny bid that absorbs all the sells.
KMAG has a very manageable float, current positive income, huge future and terrific transparent management. I still have some shares of the other but swapped most for here. This is doing what I hoped that would do.
Do some reading. KMAG will be yielding 10's of millions in annual revenue in the near future. It will probably warrant a .10 price by years end.
Welcome BBNCT good to see a familiar face.
Thanks for the Steve Ross feedback. He's definitely been good for LGHS IMO. Also, it sounds like they'll issue an impressive net earnings Quarterly followed by an MZ Group PR blitz next week. If they've got it, flaunt it!!
You intimated that you have reasons to hate KMAG. Prove it and quit playing games:
If you want to find reasons to hate or love KMAG
Lot's of people here know how they do it. One other thing you'll see is they widen the spread. Right now we're .0066 to .007 and no one likes buying at a premium.
Selling into a run and widening the spread slows the trading and allows them to control the price much easier.
One has to wonder if much of this action is due to Mr. Reid buying shares. If he's buying enough, he would go out shopping for firm bid and the MM that provides the lowest quote and wins the bid would move the SP down to meet that quote.
Time is on the shareholders side as we have PR's coming and a 10Q coming that will show a lot of growth. Its patience at this point.
Someone big is accumulating shares IMO. They block the runs by selling into them and it discourages new buyers as the share price keeps dropping back. They then walk the share price down on as little as possible and begin accumulating as many shares as possible for as little cash outlay as feasible.
Manipulation at its finest for your viewing pleasure.
Comfortable? Relatively, yes. Some penny stocks follow through on PR's and grow. Some penny stock CEO's are legit, just running a Jr. company. Not all penny stocks stay penny stocks. Some are in the infantile stage and use the funding capacity of the market to create, fabricate and create earnings. KMAG has earnings and this month you'll get to see a greater vision of what they are becoming.
You are greatly mistaken by lumping them all together as exactly alike. They are all very different. KMAG is different.
I still consider it an affront that you got those .68's the other day and I didn't get some .75's I was sitting on. LOL
Steven Ross, the Executive Vice President is the PR guy for LGHS. He said they were meeting in late April and one of their target issues was the stock price and visibility. I haven't bothered him since the email exchange because I expect something around the release of earnings.
LGHS's business sector is one issue. If they were in social media instead of building materials, we would have a much higher profile. Our PE is never going to be 15 or above but 5-10 is certainly obtainable and more in the range of our sector. Here's a link to recent article on Chinese PE's which average over 20.
http://www.chinapost.com.tw/taiwan/business/2012/05/05/340088/Average-price-earnings.htm
Josh Howell from Level 3 is an excellent Board Member pickup and another American voice to provide insight feedback on share price in the U.S. market. I'm frustrated like you but still optimistic.
In five days, on May 15th.
It's a strange world in the OTC's and Pinks these days. It seems most of the stock movers have trading groups and hype pushing them and little substance. LGHS is just the opposite. Huge net earnings and no hype or attention. Frustrating but our day is coming.
Riddle me this. If a company, aka KMAG, has NO debt, how can they have, as you describe, a "debtholder". It's rather apparent that you have not familiarized yourself with KMAG and have no clue as to their financial status. They aren't diluting, they're buying shares back.
By the way, did you ever find the Form 4 to show where you claimed "management was dumping shares"? Since it never happened and never existed, I guess not.
Six days until earnings. The $1.00 ask is continuing to lean out. Anticipation should begin moving this a bit towards the end of the week. The Board Meeting from late April might also provide some interesting ifo aside from the new Board Member.
AveryDennison is the 800 lb. gorilla in RFID.
http://rfid.averydennison.com/
What is a sell of? By the way, the share price went UP at the end.
Laughing at the sellers today. We get the PR we expect and some can't wait 30 days for equipment to move to Mustang so on to something new. Only one way to look at it, an opportunity for those who see where this is headed. GLTA longs.
Yup, it'll start drifting up and then boom. Our new Level 3 Director on board for the flight.
GLTU too.
Smitter, first off I hope your health is strong and getting stronger. I encourage you to ignore the haters as they will always be around and serve no purpose.
Also, thank you for all your dd on KMAG. I missed the first run but bought over a million shares this week on the pullback. Looks like a terrific stock. I did the following earning matrix to track share price progress:
Annual. Net $ Per Share PE 35 PE 30 PE 25 PE 20 PE 15
$250,000.00 0.00046 0.01611 0.014 0.012 0.009 0.007
$500,000.00 0.0009 0.03223 0.028 0.023 0.018 0.014
$750,000.00 0.0014 0.04834 0.041 0.035 0.028 0.021
$1,000,000.00 0.0018 0.06445 0.055 0.046 0.037 0.028
$1,250,000.00 0.0023 0.08056 0.069 0.058 0.046 0.035
$1,500,000.00 0.0028 0.09668 0.083 0.069 0.055 0.041
$1,750,000.00 0.0032 0.11279 0.097 0.081 0.064 0.048
$2,000,000.00 0.0037 0.12890 0.110 0.092 0.074 0.055
$2,250,000.00 0.0041 0.14501 0.124 0.104 0.083 0.062
$2,500,000.00 0.0046 0.16113 0.138 0.115 0.092 0.069
$2,750,000.00 0.0051 0.17724 0.152 0.127 0.101 0.076
$3,000,000.00 0.0055 0.19335 0.166 0.138 0.110 0.083
$3,250,000.00 0.0060 0.20946 0.180 0.150 0.120 0.090
$3,500,000.00 0.0064 0.22558 0.193 0.161 0.129 0.097
$3,750,000.00 0.0069 0.24169 0.207 0.173 0.138 0.104
$4,000,000.00 0.0074 0.25780 0.221 0.184 0.147 0.110
$5,000,000.00 0.0092 0.32225 0.276 0.230 0.184 0.138
Have you ever looked at LGHS. It's an OTC stock that has earnings of over $5 per share and is currently at $1 in price. It's a Chinese steel manufacturing firm with hundreds of employees and it's growing very rapidly. Late last year they added 35% more production facility increasing their capacity the last quarter and it's just beginning to show in quarterlies. The next 10Q will be out next week. Their auditor is very reputable, Markum Bernstein and Pinchuk a specialist in China. They employ close to 200 employees. They have been making construction rod but are beginning to move into more expensive steels which have better margin and they expect that to show up in earnings for the upcoming year. The PR guy a Director and Executive VP is named Steven Ross and he's like Mr. Reid, he gets back very quickly with answers. He is also open to suggestions. Virtually their entire board is U.S. members and the firm just added a new board member named Josh Howell from Level 3. Their plan is to get on NASDAQ this year and they qualify in everything except share price. It is very thinly traded with only 10 millions OS with a float of only 750,000 shares. It moves very quickly both directions and usually gets a nice bump off earnings.
It's worth a strong look IMO.
http://www.marcumbp.com/
http://www.longhaisteelinc.com/
We've come off of .0061 yesterday and today for a double bottom. Let's see if NITE wants to test it a third time. If we pass that, its onward and upward IMO.
Looks like this is getting ready to head back north where it belongs. Looking for a stronger revenue and earnings quarter better than any prior releases. With a Level 3 exec on board hoping to get to a PE of 2+. Yes, that is a joke, like the share price.