Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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Of course you're right but many of us can afford the risk exposure that comes with stock ownership. At the same time, isn't it exciting to find yourself besieged by fantasies of a penny stock rocketing for horizons not always rationally available?
ERBB is such a stock, imo. When we entertain dreams and fantasies, we get to enjoy a fuller life. So what if it's not completely together from an investor's point of view?
Still, I concur with your remarks 100%.
I agree as well. As for getting stoned versus finding pain relief?
My hunch is that everybody knows what it is to get stoned, whether toking, eating or drinking. However, I'll betcha anything that less than half the people out there over 30 haven't a clue as to the medicinal properties we're embracing. This is why there's been an emergence of campaigns bringing fame to Charlottes Web, for example. It is an insidious injustice being visited onto good people just trying to live free of debilitating pain.
This is why it's so important that we get out there and show support for whatever company in which we invest. We investors are the lifeblood of those companies. Whether in discussion with friends, parents, children...it takes very little effort to speak of the praises due this wonder drug of ours.
Your eagerness to help is much appreciated!
Dr. Evil,
Thank you for an honest response. I could not ask for more.
I'm still here because I want to be proved wrong. It disturbs me greatly that others are being led down the same path I was but I sense they are exposed to a greater loss potential.
However, if the company does well, then I'll be a happy camper and delighted to be a shareholder.
I am not angry with the company nor do I expect to save others. I am just curious. Prior to retirement I was an analyst and VP of investor relations for two traded companies. I've seen firsthand how some shady executives get around truths never disclosed to shareholders. If I should be proved wrong on this, you will know firsthand from me as I want everybody to be happy.
Dutchess Capital has an interesting background.
You might check into its connection to a well known journal focusing on OTC stocks.
Also---find out how "death spirals" tie in.
I'm disappointed.
It's not for any of us to explain Launch TV or ELAS or any of the other carrots foisted in front of us---unless another con is cooking something up in the kitchen. Too many here already!
I see phony all over the place and it's not going to change until there's income to be counted. and by income, I'm not talking about dilution in the form of new debt as in debentures, personal loans backed up by deals never disclosed publicly and all the other nonsense designed to obscure the gullible.
This company has no cash. It has no salable assets. It has nothing but a glib, smart communicator who has been bilking his audience for years---promising everything but giving nothing. And he tells the dumbest ones out there to buy 10,000,000 shares immediately so they can get a single share of something undefinable and with no discernable underlying cash value.
This is your standard bullcrap ploy. Those who defiantly stand beside BK know full well what BK stands for in stock market parlance:
BankRuptcy.
I was smart enough to get out before losing more than a couple of hundred $. I wish all here could make a boatload of money on this stock but I don't see it happening. I hope I'm proven wrong in my analysis of things but I don't see it happening. What I do see is a bunch of folks doing a whole lot of talking about how their ship is about to come in but there's no water to float on! There's just a bunch of lies and deliberate deceptions and everyone here claiming BK is the real deal is as bad as he is.
Some people have no moral guide. They are incredibly selfish.
All the above is an expression of my ideas only.
Is it me? I see nothing indicative of USEI's involvement. It's a nice, fresh looking store with items I'm unable to recognize as anything more than containers.
What is the point of the videos?
Key to understanding this is what we need to know:
During the period ending Jun 30, 2014, the Company issued 9,000 shares of Class B Convertible Preferred shares for the purchase of Launch TV Network Company Inc. The shares were issued with restriction pursuant to Section 4(2) of the Securities Act.
Without more information, this remains unintelligible. Items worthy of discussion?
1. How many classes of preferreds are there in FDMF?
2. What is the conversion rate in effect? By that, I'm referring to the (unknown) number of common shares represented by a single share of preferred stock? I've encountered situations in which a single share of preferred might represent many, many thousands of common shares.
3. What are the terms of conversion? Convertibility is usually granted a fixed time during which preferred shares may be monetized for purposes of converting to common. In this respect we might just as well be discussing options or warrants.
Mr. Kistler's statements have left me in the dark, unable to intelligently appreciate steps taken of late. Given that he's a very smart guy, I'm thinking the obfuscation was deliberate. And that, in turn, suggests to me that he's full of crap and lies and misrepresentations. I believe his intent has been that of lining his pockets at the expense of shareholders who trusted him.
I'm as much the fool as anybody although my loss has been extremely small.
Meanwhile, I hope I'm completely wrong on my assessment as I want everyone here to profit.
All of the above is stated in my opinion and not more.
This is a first---replying to my own post!
Delving into MJNA a bit more, I decided to take a trial flyer with 2,000 shares at .1595/sh for a grand total of $319.
Burned too many times on some of these pinks so I'm being cautious for a change.
Things I like about the company:
1. Their acquisitions are as dots, easily connected and pointing to a master plan as is typical of a holding company. Many outfits claim to be doing this but they invariably sink into oblivion. A few cases in point:
PHOT
ERBB
QASP
FDMF
2. Press coverage is NEVER a minus; it is always a positive. MJNA is getting a lot of attention. Moreover, the nature of that attention could not be more attractive.
3. Reading through prior PRs, headlining stories and general news, I get the feeling that this organization truly is striving to become a useful tool, bringing various initiatives into fuller view without all of its eggs going into the hemp basket or exclusively into the medical marijuana area either. Rather, there's an interesting mix made all the tastier thanks to the Dixie Edibles connection.
I hope more folks here can contribute to a useful discussion regarding the above. And if you think I'm crazy, I invite comment on that as well.
You're smart to do that. Essentially it's what the rest of us longs have been doing, buying on dips. When you've amassed your desired position---mine is currently at 4,000 shares with a 77.4% gain---and you watch helplessly as the tide runs out while leaving you stranded---it doesn't feel so good.
At the same time, it's not about money for me as this particular position is in a charitable trust. So I'm not feeling sorry for myself. But I definitely want to be impressed by the company and my opportunity to be of service to others through this trust.
So far, the journey has been amply rewarding so with that in mind let me congratulate you on partnering with this amazing opportunity. I wish you and others here the very best.
Twitter, as such, is no more than another blog and does not represent the company from a legal point of view. It's no more than hearsay and maybe even a bit worse for it invites skewed views often with an agenda. I feel no respect for the Twitting process.
Frankly I loved it more when it was a dollar higher. There's an offset, however, as I added a thousand shares at $3.04.
MJNA is in the news thanks to acquiring some of Dixie Edibles' activity-base of operations. It's looking to me like there may be some meat & potatoes attached to this one as it's more than medical MJ and hemp: It appears to be trying to strengthen its image as a merchandiser on multiple levels.
Can anyone here draw on personal experience as a former/current/wannabe shareholder in the company?
Shareholder concerns might be better met if management were to offer monthly updates via email. There's no cost to performing this service and it would represent a good and proper intention.
Such a device dares not disseminate sensitive information. On the other hand, it most definitely could illustrate actions being taken along with reasons envisioned to be useful as we travel along a path towards eventual profitability.
USEI is not publishing fluff pr's and that is a good thing. But total silence is just another word for "failure to communicate" and that is never good for shareholder morale. We are suffering from silence.
BS pr's are obviously not welcome. Simple acknowledgements reassuring the faithful that things are in order or are moving forward as predicted or expected---these are the things we need to hear. I doubt any of us expect to read of fantastically huge earnings in coming weeks or even months. Little steps get the job done.
Ordinarily I'd be inclined to agree with you but not this time. If we take a look at why oil is dropping, we can come up with a number of explanations. But I'm noticing a couple of other things.
The crack spread defines the range of opportunity available to processors. Refiners, in particular, are caught in the crossfire when the crack spread drops precipitously as has been the case for more than a year running. On top of this we've been hearing of government led moves to relax certain rules that would surely affect a refiner's bottom line. However, I've yet to see anything definitive along this line. That said, I'm not seeing renewed interest in the refining end. And without that particular catalyst, I think the trend will not suddenly become our friend.
What this means to me is that certain things must turn around if we're to find domestic oil exploration, lifting, gathering, processing and marketing behaving as though meaningfully incentivized. I'm not seeing a case for trying to explain Caza's share price drop when we know that oil is dropping. And we also know that this situation is hardly the exception in the o & g arena.
In short, CAZFF represents an extraordinary opportunity for us at this moment in time because it is so very capable of unusually great operational results. On top of that, it's suffering along with others caught in the downdraft produced by ongoing tax-related issues affecting the refining side. There will be repercussions whenever the refiners are challenged. In no way does this reflect on Caza other than to acknowledge that the road to riches is often fraught with debris amassing from unrelated wars. The wise investor looks past this, grabs a beer and a hotdog and burps while waiting for the air to clear.
I fully agree with you. These fluff thingies look so stupid!
M&M's make for great candies but they don't speak to me when it comes to my managing my finances. Many investors prefer to fix blame for disappointment on the actions of others. I don't see conspirators in the wings of this theater. Instead, I recognize that stocks are "realized futures." By that I mean that stocks represent accumulated results of businesses plying their trades in view of the public. And that public is willing to pay the entrance fee so as to participate in the offering.
Caza goes up today, drops tomorrow. So? Is this anything new? Daily I'm witness to gyrations both large and small in my twenty or so holdings. An alarmingly contrasting price point has me looking for news explaining the abrupt change. Absent anything newsworthy, I realize that there will be no simple explanation forthcoming, not yet, anyhow. It begs the question: Am I a victim of the process or of myself?
Each of us does as he/she is commanded by personal style and background experiences. Yet we also reflect patterned behaviors, some of which occasionally cry for change in implementation. Today, by way of an example, I asked my realtor if I'm being an jerk by holding out for a better price on the property I want. This is an important question we all might ask of ourselves as it may bring us to a more sophisticated stage of development as traders. Sometimes we repeat patterns not necessarily in our best interest. Inviting opinion from others can help immensely.
As for filling the gap? I think we tend to expect patterns to repeat yet it's often the non-repeating event that becomes the best winner. It is not written anywhere that gaps must fill! This is a figment in a person's imagination in a quest to feel in control of an investment program without hard & fast rules.
Something to think about, maybe?
I am shocked that you have the courage to be investing without understanding how things work.
There's no way that this is going where you think it will. You are expecting so much of Brian Kistler but has he EVER produced anything for investors? How many times have you read on this board that someone came out with a huge profit? Or even broke even?
Reality check: I predict this will go down until it is nothing. I see lots of imagination on the part of share holders but I'm not seeing concrete results coming of the company. Dreams are always available but profitable numbers? Not there. And not going to be.
This is just my opinion but I've been a successful investor for twenty years. Notwithstanding, I lost money on FDMF.
We're operating in the same environment. My thinking has been that the golf courses are similar in a way to the proverbial Exxon or Shell gas station on every corner or so. At the start one would think the idea was to sell gas and cigarettes. But the sales environment operates with an elliptical orbit explaining a decay rate underlying, resulting in a legal way to acquire and hold properties while being excused from a lot of taxes as per Uncle Sam's policies.
I did this myself, buying a property to use for a moderately lucrative business site. I operated the business, collecting the rent and also myriad expenses involving tax relief and utilities. This made the arrangement effectively a cash cow. And this is what I'm thinking is the likely scenario for NCT---acquire golf assets on the cheap, hold until certain conditions are met and then rechannel the properties into something quite different but probably fitting into a REIT concept for tax advantages.
The golf course environment is never a low income one. Also, it is cleared land, available to leveling and new construction. Parcels are large enough to attract buyers from the upper end, financially speaking, while insulated from much of the crime typical of a less affluent area.
This fits for me and it's exciting to learn that others are having identical thoughts. Now, let's hope we see something materialize soon. One thing I must say is that NCT has been a terrific opportunity for some of us and most definitely for me.
I never use stop losses. As you point out, such devices expose you to "freefall" when there's a significant drop in perceived share/unit value. You admit to being afraid, so why are you submitting to a condition that rubs your face in it?
Key to successful investing, in my opinion, lies in accepting certain conditions and then accepting responsibility for outcomes. There's nobody to complain to after making regrettable moves, so I figure it's better to move more conservatively at times.
Usually I'll divide my planned action into several parts so as to mitigate chances for a major mishap on my part. This preserves my own sense of dignity while recognizing market gyrations for what they are. Investing in stocks calls for so much intellectual processing, better-than-average instincts as well as sensitivity to those instinctive responses and, finally, maturity. About the last thing we need to introduce or want will be reliance upon Lady Luck.
Thank you for asking, always a pleasure to participate in thoughtful discussion.
Tony is smart enough to recognize that no microcap secures a firm footing without first engaging the broader market on a plane of credibility. Some will argue the point but my thought is that the plan from the start has been that of establishing our company as one devoted to helping those in need of pain relief. This will not be to the exclusion of other considerations. In short, wanna stop hurting? Eat, smoke or pop our products. Later on, smoke your brains out if you like, it's your call. And in all permissible forms and formats.
As I see it this is a bit conservative but certainly doable. And smart. And steady-as-she-goes.
Sure, I'd like to see a higher share price happening instantly. But it's not happening that way so I need to make the adjustments.
The above is a moment of my imagination in readable words only. I do not represent the CEO nor do I possess inside information.
At the same time, I believe Tony Miller is far wiser than his detractors are admitting for we can see ample growth as evidenced by the advancing of potentially important relationships.
One day soon, I hope, we will be saluting Mr. Miller for his sticking to his guns and trusting he'll succeed.
Here we are on Monday, the start of a new and fresh week. The overall market is strongly higher with the DOW up 153 yet we of Cazaland are down. How can it be?
Well, it certainly couldn't have been due to disappointment over production numbers just recently released as they were breathtakingly spectacular. So, then, what can it be?
I submit the greatest deterrent lies in our stock trading out of AIM and not our home-grown NASD or NYS. I think it's just a matter of time before this is "repaired" and we get to participate in a dual listing. It's very costly to bring about but if the company wants to bring in megabucks for expansion purposes, it is the way to go. It is one way to guarantee easy and ready access to information the serious investor will need before plunking down a considerable cash outlay.
Meanwhile, I added a few shares this morning as I'm convinced it will prove to be money in the bank, as they say. Now holding 35,000 shares and will likely continue adding on the cheap as opportunities arise.
Good luck to all!
...luck is where preparation meets opportunity...
Now there's a great line! Surely it will be of use to many full-timers in the market.
This is not the first time you've been able to supply interesting and timely comments. Neat!
Excellent advice. I'm parked in Sandridge Permian (PER)and Prospect Capital (PSEC). The latter is a monthly payer in the banking industry while the former is an oil and gas trust. Both are vey high yielders with good payout histories.
I was not aware of the exorbitant salary schedule found in CVR Refining. I can understand that wouldn't sit well with you. I think it's ridiculous, myself. On the other hand, I've enjoyed the distributions and today I got a bunch of fresh money. lol
Until very recently---immediately after we went ex-dividend, I'd held in excess of $100K in CVRR. I'm out of it altogether now, pending forward guidance regarding repairs and related work. I have no other way to calculate the Q3 payout and that is my reason for being a unit holder in the first place.
For now I'm sitting on cash and chomping at the bit for I'm unaccustomed to being on the sidelines. Other "parking places" may be the smart choice for the next couple of months. Meanwhile, it's going to be very interesting watching developments from within the company and, of course, we'd do well here to impose an Icahn watch as his ego sometimes will reveal more than his words.
Actually I'm expecting quite the opposite.
You and I agree.
Sorry but integrity isn't about things that aren't. Integrity is about things that are.
This is a definition of integrity that I can accept:
The quality of being honest and having strong moral principles.
I haven't seen anything in about a half year of stock ownership that firmly tells me our CEO is honest with shareholders and is a moral individual. I have seen a man who is bright and seemingly creative. I've also seen him react as though broadsided, unable to remain poised when challenged. For me this comes down to his defensiveness. And that disturbs me as it should.
My opinions here, nothing more than that.
There is no way that I know of that will establish integrity, short of knowing a person really well for an extended period of time. Speaking on the phone with a stranger doesn't constitute a basis for confidence. Visiting a lion's den won't insure against being bitten.
I'm watching ERBB's developing relationship with USEI among other things. I won't pretend to know Shearin or Miller so I'm left with what I can understand that is coming of ongoing developments.
You wrote:
US Energy Initiatives is gonna have christmas come early for investors this year. Sooner than later people, I believe USEI is working the market in ways nobody expects at this time. Looks like a bottom to me and with the rumors it is looking unbelievably strong to me. we are at a bottom, IMHO!
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How do you know this? There are countless scenarios that would nip this in the bud as every one of us surely knows. We have no way to predict when Christmas will come. What any of us believes that USEI is doing hardly constitutes rational grounds for huge expectations. Things that "look like a bottom to me" are nothing more than hunches, worth about as little as rumors. And the "IMHO" closing is there for the sake of safety from those who would hold you responsible for pie-in-the-sky projections.
I love you, man, but I figure we need to keep this real or we'll surely damage a lot of good people.
We longs hope Tony's heart is in the right place.
We think Tony is looking out for us.
We believe our USEI investments will enrich us.
We dare to dream of developments enhancing our futures.
We are also fools to buy into our own hyperbole. After all:
Hope, thoughts, beliefs, dreams---these are examples of creative imagination. Continuity, you are filled with such things and, as such, blessed in many important ways. At the same time, your enthusiasm might become dangerous in the wrong hands.
My considerable investment in USEI is not entirely rational. My considerable loss speaks to that. Something in me keeps saying, "Keep it real!" And that prevents me from trying to persuade others to do as I've done for I wouldn't wish losses on others.
None of us has inside knowledge as to what Tony is doing. If I thought otherwise, I'd report such an individual to the SEC and liquidate my position. If technical analysis actually worked in pinks, everyone would be rich.
In the end, much of this is based on luck. We will be lucky if Tony proves to have been sharp enough to single out opportunities. All else means nothing to an investor.
But then there are gamblers, aren't there?
The above reflects my opinions only.
What are some objectives USEI board participants here are expecting? What are some you would especially like to see?
Thanks for sharing your ideas and opinions!
Posted where? Please furnish the link if possible.
Thanks.
Thanks for your guidance. This is to be a project for me this weekend and I'm looking forward to seeing it from the inside.
Thanks, too, for bringing up agora.com as it might offer something I've not been finding.
You've got a neat sense of humor. I like that.
CVRR continues to be somewhat of an enigma. However, I think I've figured out what is supporting the unit price.
The point of any business is to create value for its owners. CVRR's business is owned by individuals as well as funds. Far and away the largest and most conspicuously influential of these funds is headed by Carl Icahn.
When I ask myself what CVRR is accomplishing for its bottom line in the current quarter (Q3), I come up empty handed. Not to say there is no production, merely that a third of the quarter is to be taken up with a refinery-wide work-over in addition to making repairs to damaged facilities resulting from the fire responsible for multiple injuries.
What's left for me is this:
Who in his right mind would put money at risk, KNOWING full well that production will be poor, cash will be diverted for the sake of repairs and the usual month-long re-do common to refineries is beginning now? And what fool would assume all is hunky dory as evidenced by the recently rising unit price?
I invest to make my cash reserves increase. It's safe to conclude we're all here to forage. At some point I predict a plug will be yanked and units will be on the run. I cannot imagine otherwise. If I'm wrong, no big deal as nothing is lost in the process. But preservation of capital always rules and for good reason. And we can trot right back into an ownership role as soon as we receive positive guidance from Mr. Lipinski, CEO.
Meanwhile, we'll do well to remain watchful, hoping for good news but mindful of the consequences of indifference, too.
I wish a wonderful weekend to all and a big thank-you for your participation. I am richer for your presence.
And thanks to you for even asking. You might be surprised to find that many investors hold back from asking. No, I take that back---unless you were in the brokerage business strictly on the wholesale side, you'd know as well as anybody that the tendency is to hide truths, especially on the retail side of things. Anyhow, I'm constantly learning, challenged by the challenges affecting others. It pushes me to rethink anew---sort of like trying to develop a play within a play where the surface plot is anything but the ruling force within.
Moderating on the CVR Refining board, I was asked this week about how to handle events (fire and multiple injuries affecting four employees). Investors weren't factoring in the one month shutdown for more than 20% reduction in throughput announced via CEO guidance---all this to occupy a full third of Q3's (forward) production. Further complicating things is the steady rise in unit value IMMEDIATELY following going ex-dividend a few days ago.
Is it crazy? Of course it is. I suggested board participants weigh the above items and ask themselves what might keep them committed cash-wise, given that cash flow will be necessarily impacted hugely. One would think that businesses do not operate solely for the sake of altruism without a thought as to the bottom line.
After I made my concluding remarks at the board, I had to admit to myself and later to them that I was a fool to ignore what I knew to be true---and I promptly sold the balance of my positions.
This gets more interesting in light of the fact that units have risen at all, in light of the devastation visited upon the company. It looks to me like there's an artificial support system in place that is buoying things in the absence of sound business fundamentals. This morning I awakened to the thought that Carl Icahn very likely has something to do with this. And at some point a plug will be yanked and many will drown in pain.
All this to say that opportunities to guide another seem to enrich us all in the end. When explaining the 3 P's, I always wonder what path to take for it can be explained in different ways. So I try to become my own student for that moment and look for the simplest, most focused way to present something to an audience not necessarily versed in the subject. The better I get at this, the wiser I become in my own dealings.
We're fortunate to have you here as a participant. Something I'm hoping will become the topic of the moment at some point has to do with recognizing market activity as a feeding ground spawning foraging on the part of investors. Frenzied moments ensue when feasts and famines surface. For now, I'll say I'm loving the fact that we have another resident professional knowledgeable in some of the ways of the stock market. Others have made their way towards center stage and this makes all of us richer for the shared experience.
Will look at Falcon and get back to you. At first glance I'm disturbed by the crazy low volume. But the "F" tag following the symbol (for those new to this) indicates that the company is domiciled out of this country. Notwithstanding, the tag also means that we can trade the stock easily. The pink status is for trading convenience and does not suggest this could be a sleaze outfit at all. I should emphasize that the pink designation enables us to place our trades through electronic means allowing us to enjoy discounted trading fees. However--- we are not seeing the whole trading picture with respect to volume.
The primary depiction of trading volume is in Ireland.
If you have the time, take a look at HENC. These two companies embody a few items of commonality. Hmmmmmmm.......
I'm enjoying this!
Disclaimer: I have no position in HENC.
Not to beat a potentially ailing horse, but:
Zacks Rank #5 Additions for Wednesday - Tale of the Tape
8:30a ET July 2, 2014 (Zacks.com) Print
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Advanced Energy Industries, Inc. ( AEIS )
Autohome Inc ( ATHM )
Chesapeake Granite Wash Trust (CHKR )
China Unicom (Hong Kong) Limited (CHU)
Coach Inc (COH)
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As a momentum player, I can't ignore the smoke-leads-to-fire thingy. I tend to back off a trifle when my own brain tells me loud and clear that it's addled. Seeing Zacks addled raises a flag. I hope you're comfortable with your choice. I think it's the only ticket to any game on Wall Street. I'd want to be a bit more comfortable, myself.
DVAX expects to wrap up current clinical visits by the close of Q4 in 2015. That means the shareholder is at a dead-end, effectively speaking, for a year and a half. I'm older than you. That poses a problem for me. But I'm a sucker for pharma's, too.
Remaining somewhat liquid will eventually pay off with regard to CVRR participation. There's will always be at least some information provided by the company in the form of guidance. That means we have opportunities to recalibrate as needed so as to maximize chances for short, mid or longer term earnings. And this is why I think in terms of being a committed unitholder despite being in protective mode for the moment.
At some point there will be a run on CVRR and I very much want to be in the thick of things for it's a great company, great business model and as critical as any when it comes to providing essentials for our country.
You're not getting off that easy--how about identifying reasons you find this investment worth your gamble and commitment?
Also, is your investment functioning as a place to temporarily park your cash while waiting for CVRR to get back on an acceptable track?
C'mon, sonny, get to it or you'll be in the doghouse eating Milk Bones and Alpo.
lol