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state780, exactly right.
Was it on this board a while back that someone linked to a story about a real estate company that was pulling in another real estate company's "search hits" somehow? That was different from the "sponsored link" thing being discussed here, and it WAS a strong possibility of trademark infringement.
I wonder how much Scanbuy pays for that spot under sponsored links? As in, how much did it cost them when I clicked on it?
LOL, maybe I need to check out their website again, not sure I got a good look. ;)
jonesie
Interesting numbers, yes.
From net income per share of .01 in 2004, to .05 in 2005, to guidance of from .10 to .13 per share in 2006.
Also, they said cost of sales was about 70% in 2005. Does that leave somewhere in between .03 and .039 as a rough EARNINGS PER SHARE number?
If so, for CHID to trade at .60/sh it requires a PE multiple of 15 to 20?
Just wondering.
jonesie
Good point abh3vt ...
(wow, try to type YOUR name 5 times fast LOL)
... it is a bit confusing. Maybe that bigmoney guy who has called CHID in the past will call and get clarification.
I wonder what the long term look is for CHID? Any feel for where you think it might head? I got in this quite a while back on a tip from a friend, traded it a few times, got kinda interested, but now I'm trying to decide whether or not I even want to be in it LOL. I'm mostly in oil/gas and gold/silver, so CHID isn't exactly my cup of tea.
Good luck!
jonesie
Changes from previous guidance:
Previous guidance, given on 3/6, was:
"For fiscal year 2006, China Digital projects total revenues of $26.5 million and net income of $7.6 million, or $0.10 per fully diluted share" and this included "the acquisition of Zhuo Tong, which is expected to close in the second quarter of 2006", but did not include information about Galaxy View which, in a company statement dated 3/23, had "In 2005, Galaxy View had unaudited revenues of $6 million and unaudited net income of $2 million
Current guidance:
"total revenues of $30.4 million and net income of $10.5 million, or $0.13 per fully diluted share assuming the acquisitions of Zhou Tong and Galaxy View International are successful."
So, from these numbers, IMHO, CHID is now projecting 2006 revenues lower than previous guidance, by about $2.1 million, and net income higher than previous guidance, by about $0.9 million, with net income per fully diluted share being guided upwards from .10/sh to .13/sh.
Hmmm, it "sounds" good, but then, wtfdik.
jonesie
China Digital Communication Group Revises Projections Upward for Fiscal Year 2006
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Market Wire
08:57 a.m. 04/19/2006
LOS ANGELES, CA and SHENZHEN, CHINA, Apr 19, 2006 (MARKET WIRE via COMTEX) -- China Digital Communication Group (CHID), announced today its revised projections for the current fiscal year.
For fiscal year 2006, China Digital Communication Group has projected total revenues of $30.4 million and net income of $10.5 million, or $0.13 per fully diluted share assuming the acquisitions of Zhou Tong and Galaxy View International are successful.
Yu Xi Sun, Interim CEO and President of China Digital Communication Group, said, "These are our most recent projections for fiscal year 2006. We are optimistic about the year and expect strong sales based on exciting upcoming activities from our acquisition candidates. We are confident we will close both acquisitions in the near future."
About China Digital Communication Group
China Digital Communication Group, through its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is one of China's leading manufacturers and developers of advanced telecommunications equipment. E'Jenie sells advanced high-quality lithium-ion battery shell and cap products to all major lithium-ion battery cell manufacturers in China. E'Jenie's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. China Digital Communication Group is continuing its expansion across East Asia, while seeking distribution partners and acquisitions in new global markets, including the United States. For more information, visit http://www.chinadigitalgroup.com or contact Roy Teng of China Digital Communication Group at (310) 461-1322, e-mail: info@chinadigitalgroup.com.
An investment profile on China Digital Communication Group may be found at http://www.hawkassociates.com/chinadigital/profile.htm .
For investor relations information regarding China Digital Communication Group, contact Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
clawmann:
cuz he was in Jail.
jonesie
Here's a somewhat "flaky" stock, TIV ...
... that I've successfully traded in and out of ever since the run from $2 to $17.
Magic Box setting up. But like I said, flaky. I figure this could be the start of an upmove ... or a headfake prior to crashing down to the bottom of the downtrend channel shown in the weekly chart.
Any thoughts?
Daily:
Weekly:
Global Oil Stocks: Stay Bullish
April 13, 2006
Despite the run-up in global oil & gas stocks, the case supporting a continued long position remains solid.
The trend in the ratio of global energy equities to the oil price is upward sloping over time, due to productivity gains and volume growth. Currently, this ratio is well below the level suggested by the trend since 1985. Moreover, oil & gas stock valuation multiples are low—a metric which adjusts the trailing P/E ratio for the level of interest rates is significantly below its historical average. The implication is that global oil & gas stocks are cheap, not just relative to the broad market but relative to bond yields as well. And, as outlined in an April 7th Insight, an upgrade in analyst earnings expectations looms, which should provide a boost. Bottom line: the prevailing cautious sentiment surrounding global oil & gas stocks has kept valuations attractive, and we recommend clients stay long.
http://www.bcaresearch.com/public/index.asp
crashman, weekly chart ..
... my indicators aren't suggested a buy, but those uptrend lines are there ... ?
crashman, re: weekly ...
... just looking at a couple of possible lower uptrend lines that are more clear in the weekly as you say, one is at about 1.60 now, one at 1.30. I wonder what chances are of some support at this 1.60 level?
Tempted to buy some but I gotta leave for the day LOL, and would prefer to buy and watch.
jonesie
lefty, re: oil/gas
Oddly enough it's been CWPC, rated low by IBD, that has risen the most ... of course LOL. But the A+ ones have done great in a short period of time.
TIV has lagged the most on that list, along with CFW, another Craig Scott involvement. Wonder what it means.
I probably need to check the log scale charts, there may well be stocks where log is more predictive than linear, I may run both side by side for a while on a few to see.
Hard to imagine TIV could actually do that, $6 was one thing, $3 is entirely different. Perhaps just a double-bottom in the $6 area is the worst TIV will see but, as you say, Russell looms large.
Watching and waiting.
Best regards,
jonesie
NeoMedia Adds to 'Already Strong Global Patent Position' with New Patent Issued in Mexico
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BusinessWire
08:35 a.m. 04/13/2006
FORT MYERS, Fla., Apr 13, 2006 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (NEOM) an innovator in market-driven technologies, said today that it has added to its "already strong global patent position" with the issuance of another patent to the company for use with the very popular 2-dimensional bar codes.
The Instituto Mexicano de la Propiedad Industrial, the patent office in Mexico, has awarded patent No. 233529 to NeoMedia, which corresponds to patents issued to the company by the U.S. Patent Office and the Canadian Intellectual Property Office, for a "Method and System for Accessing Electronic Resources via Machine-Readable Data on Intelligent Documents." Dr. Kevin Hunter, NeoMedia's chief scientist, is the inventor of record. NeoMedia has also filed for patents for the process in Europe, Japan and Brazil.
Charles W. Fritz, NeoMedia's founder and chairman, said the patent deals with improved methods of storing information placed directly on physical objects as PC-readable data utilizing 2-dimensional bar codes and various data compression techniques. Each 2 to 3-inch bar code can hold up to 2 to 3 KB of application data, or up to three printed pages, depending upon the data compression technique used.
NeoMedia's patented technology can be used to read a bar code on an ad, promotional brochure, or any physical object. Then, using software and an image scanner - and with or without linking to the Internet - a user can easily and accurately import the linked information into applications, such as Quicken(R), Microsoft(R) Money, etc., or directly onto their cell phone, PDA or PC.
"With the issuance of this patent, NeoMedia's already strong global patent position is even stronger, in particular with 2-dimensional bar codes, which are growing in popularity and usage," Mr. Fritz said.
"We believe the ability to read and process indexes and codes to obtain desired information, to comparison shop, etc., as performed by NeoMedia's patented PaperClick(R) technology platform, is a vital and central component to the growth of mobile enterprise solutions and mobile marketing around the world."
billybass, stochs were a victim of Freddy as well. Look at them now.
ADX, Wm%R, Stochs, all back to normal now.
jonesie
They killed Freddy!! eom
Well, maybe inforit ...
... but maybe it's nearly time for a smoke.
In a year of trading, except for some relatively short periods of time, NEOM has traded between the two horizontal lines on this chart. Except for Freddy today, NEOM pretty much held this area of support.
YJ: I don't think so, haven't been looking for a while ...
... there wasn't one down here I don't think.
I still can't get over that trade, maybe they'll fix that. Was that the only weird lot size like that today, 2303 shares? 2303 shares at .0264, who the heck does a trade like that. The rebound forces Wm%R straight up and sends ADX for a loop that won't recover for a while.
That was funny, the "mouths" thing LOL.
jonesie
billibass, yep ... geez ...
PLEASE correct that guys .0264 trade. I flipped over to my trading platform and about stroked out before I saw why my portfolio had cratered LOL.
That will SERIOUSLY mess with several indicators for a while, criminy.
jonesie
Well, that'll screw up a chart.
Hope they get that reversed LOL
Haven't seen RSI this low on the daily chart ...
... in the last twelve months.
Oversold.
Not to say it can't get more oversold.
Wm%R on the weekly chart is more oversold than it has been during the last twelve months as well.
Unless there's a big bad shoe out there somewhere, NEOM is due for a reversal, although not necessarily at this moment.
JMHO
jonesie
Hi Lefty,
I was wondering about you. Glad to hear you're still at it. You know, I STILL never spent the time on Ken's Seasonality stuff ... although did you see my oil/gas "seasonality" stuff on this board? Caught that cycle just right.
With all the stuff in the works it's kind of hard to contemplate TIV banging that lower downtrend line again .. but then, there really wasn't a definitive reason for it to bang down to it LAST time ... so I have to regard that as a possibility. Look at how "repetitive" that would be on the weekly chart.
Wouldn't it be neat to load up there ($3'ish) for a trip to $8 or so? My luck I'll be on vacation in some remote place if it happens LOL, and there's certainly nothing saying it WILL happen.
You see my thoughts on Russell? Barring news .. that's REAL.
Good luck to you too.
jonesie
10KSB: CKRUSH, INC.
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Edgar Online
12:06 p.m. 04/12/2006
(EDGAR Online via COMTEX) -- Item 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
INTRODUCTION AND CERTAIN CAUTIONARY STATMENTS
The following discussion of our financial condition and results of our operations should be read in conjunction with the Financial Statements and Notes thereto. Our fiscal year ends December 31. This document contains certain forward-looking statements including, among others, planned capital expenditure requirements, cash and working capital requirements, our expectations regarding the adequacy of current financing arrangements, fight demand and market growth, other statements regarding future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements are based largely on our current expectations and are subject to a number of risks and uncertainties. Actual results could differ materially from these forward-looking statements. Important factors to consider in evaluating such forward-looking statements include (i) changes in external factors or in our internal budgeting process which might impact trends in our results of operations; (ii) unanticipated working capital or other cash requirements; (iii) changes in our business strategy or an inability to execute our strategy due to unanticipated changes in the industries in which we operate; and (iv) various competitive market factors that may prevent us from competing successfully in the marketplace.
OVERVIEW
We are an independent producer of entertainment and sports content for distribution to all media platforms. We produced, for release in 2006, the feature film comedies Beer League, starring Artie Lange (the popular comedian and actor who is a regular on the Howard Stern Show) and TV the Movie, starring Steve O, Preston Lacy and Wee-Man (all of Jackass fame). We also co-produced the feature film comedy National Lampoon's Pledge This, starring Paris Hilton, anticipated to be released in 2006. In addition, we produce programming for pay-per-view, video-on-demand, international markets, as well as, for retail and direct response sale. Further, we produce televised sports events and hold promotional rights to professional boxers. The Company is headquartered in New York City.
Reportable Segments
We have two reportable segments: sports entertainment and media entertainment. The sports segment produces boxing events and promotes professional boxers. The media segment consists primarily of projects that the we currently produce or will produce or co produce such as feature films, DVD titles, television programming and other similar products.
Critical Accounting Policies
The accompanying discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP). The preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. We base our estimates and judgments on historical experience and all available information. However, future events are subject to change, and the best estimates and judgments routinely require adjustment. US GAAP requires us to make estimates and judgments in several areas, including those related to recording
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various accruals (such as incentive compensation and restructuring costs), income taxes, the useful lives of long-lived assets, such as property and equipment and intangible assets, and potential losses from contingencies and litigation. We believe the policies discussed below are the most critical to our consolidated financial statements because they are affected significantly by management's judgments, assumptions and estimates.
Revenue Recognition
[[Image Removed]] [[Image Removed]] [[Image Removed]] Media entertainment revenue includes revenues from the sale or licensing of films and is recognized upon meeting all recognition requirements of Statement of Position (SOP) 00-2 Accounting by Producers or Distributors of Films. Revenue from the theatrical release of feature films is recognized at the time of exhibition based on the Companys participation in box office receipts. Revenue from the sale of digital video disks (DVDs) in the retail market, net of an allowance for estimated returns and other allowances, is recognized on the later of shipment to the customer or street date (when it is available for sale by the customer). Under revenue sharing arrangements, rental revenue is recognized when the Company is entitled to receipts and such receipts are determinable. Revenue from sales to international territories is recognized when access to the feature has been granted or delivery has occurred, as required under the sales contract, and the right to exploit the feature film has commenced
[[Image Removed]] [[Image Removed]] [[Image Removed]] Fight revenue, promotional fight revenue is comprised of box office ticket sales, site fee income, sponsorships and endorsements. Fight revenue is recognized in full on the date of the event.
Impairment of Long-Lived Assets
In accordance with Statement of Financial Accounting Standards (SFAS) No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, the Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. An impairment loss is recognized when expected cash flows are less than the assets' carrying value. Accordingly, when indicators of impairment are present, we evaluate the carrying value of such assets in relation to the operating performance and future discounted cash flows of the underlying business. Our policy is to record an impairment loss when it is determined that the carrying amount of the asset may not be recoverable.
Intangible Assets
As a creator and distributor of sports and entertainment copyrights, we have a significant and growing number of intangible assets, including video and television libraries, trademarks and contractual relationships. In accordance with accounting principles generally accepted in the United States of America, the Company does not recognize the fair value of internally generated intangible assets. Costs incurred to create and produce a copyrighted product, such as the television series, are either expensed as incurred, or capitalized as tangible assets, as in the case of inventoriable product costs. However, accounting recognition is not given to any increasing asset value that may be associated with the collection of the underlying copyrighted material.
Intangibles are being amortized over their estimated useful lives ranging from 5 to 10 years, utilizing the straight-line method. Video and television libraries amortized over their estimated useful lives of 5 years, utilizing the straight-line method.
Income Taxes
We utilize the asset and liability method to account for income taxes whereby deferred tax assets and liabilities are recognized to reflect the future tax consequences attributable to temporary differences between the financial reporting basis of existing assets and liabilities and their respective tax losses. Deferred tax assets and liabilities are measured using enacted tax rates expected to be recovered and settled.
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At December 31, 2005 and 2004, we provided a 100% valuation allowance for the deferred tax assets, because the ultimate realizations of those assets are uncertain. Utilization of net operating loss carry-forwards are subject to a substantial annual limitation due to the change in ownership provisions of the Internal Revenue Code. The annual limitation may result in the expiration of net operating loss carry-forwards before utilization.
YEAR ENDED DECEMBER 31, 2005 VERSUS YEAR ENDED DECEMBER 31, 2004 The following represents a comparison of segment operating results for the years ended December 31, 2005 and 2004.
<TABLE REMOVED BY POSTER>
Net revenues decreased by $2.3 million, or 76.6 %, to $704,000 for the year ended December 31, 2005 from $3.0 million in the prior year.
The decrease in net revenues reflects the reduction in our involvement in the promotion of boxing and also reflected, in 2005, the lack of cable supported televised bouts, for which we received approximately $1.3 million for the year ending 2004. The decrease in media net revenues also declined as our product offerings are still limited as we are shifting from emphasis from sports related offerings.
Cost of revenues which relate to the production costs for boxing events and production cost, for filmed products decreased by $2.7 million, or 82.5%, to $574,000 for the year ended December 31, 2005, compared to $3.3 million incurred in 2004. The decrease in cost of revenues is attributable to the greater cost of staging the 2004 events principally the purse costs. Other segment allocated costs are depreciation and amortization and impairment charges of aggregating $844,000 in 2005 and $2.2 million in 2004. In 2004, we recognized impairments of our sports and media assets of $515,000 and $782,000, respectively, and, in 2005, the impairments related to media assets.
Our segment operating loss decreased $1.8 million to $714,000 in 2005 from a loss of $2.5 million for the year ended December 31, 2004. The improvement in operating results in 2005 was principally reflective of the reduction in impairment charges.
Selling, general and administrative expenses increased by 19.1% or $480,000, to $3.0 million for the year ended December 31, 2005, from $2.5 million in the prior year. The increase was attributable to increased infrastructure for managing the media business as well as professional services. We also recorded a non-cash expense, classified as compensatory element of stock and warrant issuances for selling, general and administrative expenses of $2.7 million to reflect the use of stocks and warrants as compensation for services rendered under various consulting and employment agreements in 2005 and 2004.
Financing costs including interest, charges for the beneficial conversion features related to convertible indebtedness as well as fair market valuations of our securities issued in lieu of cash payments for
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financing activities decreased by $5.3 million to $1.3 million in 2005 from $6.8 million in the prior year. This decrease is primarily attributable to the conversion of outstanding indebtedness into equity in both periods.
Off-Balance Sheet Arrangements
We had no off-balance sheet arrangements for the fiscal year ended December 31, 2005. Additionally, we review our relationships with other entities to identify whether it is the primary beneficiary of a variable interest entity . If the determination is made that we are the primary beneficiary, then the entity is consolidated in accordance with Financial Accounting Standards Board (FASB) Interpretation No. (FIN) 46, Consolidation of Variable Interest Entities. Investments in which we exercise significant influence, but do not control, are accounted for using the equity method of accounting. Investments in which there is no significant influence are accounted for using the cost method of accounting.
LIQUIDITY AND CAPITAL RESOURCES
We have incurred net losses of $7.7 million and $12.4 million during the year ended December 31, 2005 and 2004, respectively. In addition, we are not in compliance with the payment terms for $2.1 million of our outstanding notes and loans payable including unpaid interest. Further, we had a stockholders' deficiency in excess of $12 million at December 31, 2005. Historically, we have successfully obtained external financing through short-term borrowings and private placements of equity and convertible debt and thus, we hope to remedy these defaults through additional borrowings, conversion of existing debt to equity, ownership contributions, and/or renegotiation of existing terms and conditions of the notes and loans payable in default. However, if we are unable to cure these defaults, it may significantly impede our ability to raise additional funds and/or to conduct normal business operations.
We have also taking actions to address liquidity in the following ways:
[[Image Removed]] [[Image Removed]] [[Image Removed]] developing additional sources of debt and equity financing to satisfy our current operating requirements;
[[Image Removed]] [[Image Removed]] [[Image Removed]] entering into new initiatives to develop, produce and distribute film properties as well as other entertainment projects for direct response and retail sales;
[[Image Removed]] [[Image Removed]] [[Image Removed]] continuing to pursue the promotion of selective premium level boxing events;
[[Image Removed]] [[Image Removed]] [[Image Removed]] pursuing production partnerships and joint ventures to fund projects;
[[Image Removed]] [[Image Removed]] [[Image Removed]] reducing operating costs by reducing overhead; and
[[Image Removed]] [[Image Removed]] [[Image Removed]] continuing to negotiate with existing creditors to convert their indebtedness into equity.
There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from our inability to generate cash flow from operations or to raise capital from external sources would force us to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on our existing stockholders.
These factors raise substantial doubt about our ability to continue as a going concern and the accompanying consolidated financial statements do not include any adjustments related to the recoverability or classification of asset carrying amounts or the amounts and classification of liabilities that may result should we be unable to continue as a going concern.
Commitments and Contingencies
In connection with both our sports and media operations, we guaranteed investors and other participants in our projects the return of their investments and in some cases with a preferred return.
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In addition to amounts included in minority interests and/or participation payables (aggregating $3.4 million) we have guaranteed a $1 million investment, along with a co-guarantor.
We are of the opinion, based upon advise of counsel, that we have made adequate provision for potential liabilities, if any, arising from litigation settlements and other claims described in Item 3 Legal Proceedings. As of December 31, 2005, we had accrued approximately $2.1 million, with respect to such matters. However, the costs and other effects of pending or future litigation, governmental investigations, legal and administrative cases and proceedings (whether civil or criminal), settlements, judgments and investigations, claims and changes in those matters (including those matters described above), and developments or assertions by or against us relating to contractual rights related to boxers and the promotion of boxing events, intellectual property rights and intellectual property licenses, could have a material adverse effect on the our business, financial condition and operating results.
Cash Flows
At December 31, 2005, the Company's cash position reflected a balance of $58,000, exclusive of a restricted deposit required by our consent decree with the SEC to cover the cost of a special consultant, compared to $219,000 in the prior year.
Operating Cash Flows. Our principal operating source of cash is from the revenues from the promotion boxing events and media sales. Our principal operating uses of cash relate to costs of the events and film costs. For the year ended December 31, 2005, we used cash of $5.4 million in operating activities principally to fund the loss of $3.3 million, excluding non cash items of $4.4 million and the acquisition of film costs of $3.9 million. Cash from operations was principally provided by the increase in amounts due for payables and other accruals of $1.8 million.
For the year ended December 31, 2004, we used $3.2 million of cash in operating activities. Our net loss of $12.4 million was principally attributable to the $8.2 million of depreciating and amortization and certain non-cash charges related to use of equity to fund expenses. This was partially offset by increases in cash attributable to an increase in notes payable and accrued expenses of $1 million.
Investing Cash Flows. Cash provided from investing activities for the year ended December 31, 2005 was principally related to proceeds from sale of rights net of purchases of computer equipment and leasehold improvements of $27,000. In 2004 cash was used in investing activities was for the acquisition of boxing assets of $320,000 net of proceeds from sale of rights of $145,000.
Financing Cash Flows. Net cash generated from financing activities for the year ended December 31, 2005 was $5.2 million which consisted of net proceeds of $6.3 million from the issuance of equity securities and short-term borrowings, net of repayments of indebtedness of $1.1 million. In 2004, net cash generated from financing activities was $3.7 million which consisted of net proceeds $4.5 million from equity and debt issuances, net of indebtedness repayments of $823,000.
EFFECT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
In December 2004, the Financial Accounting Standards Board (FASB) issued Statement No. 123R (SFAS 123R) Share Based Payment, a revision of Statement No. 123, Accounting for Stock Based Compensation. This standard requires the Company to measure the cost of employee services received in exchange for equity awards based on grant date fair value of the awards. The Company is required to adopt SFAS 123R effective January 1, 2006. The standard provides for a prospective application. Under this method, the Company will begin recognizing compensation cost for equity based compensation for all new or modified grants after the date of adoption. In addition, the Company will recognize the unvested portion of the grant date fair value of awards issued prior to the adoption based on the fair values previously calculated for disclosure purposes. At December 31, 2005, the Company had no unvested options.
In December 2004, the FASB issued SFAS No. 153, Exchanges of Nonmonetary Assets, (SFAS 153). SFAS 153 amends Accounting Principles Board (APB) Opinion No. 29, Accounting for
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Nonmonetary Transactions, to require exchanges of nonmonetary assets be accounted for at fair value, rather than carryover basis. Nonmonetary exchanges that lack commercial substance are exempt from this requirement. SFAS 153 is effective for nonmonetary exchanges entered into in fiscal years beginning after June 15, 2005. The Company does not routinely enter into exchanges that could be considered nonmonetary, accordingly the Company does not expect adoption of SFAS 153 to have a material impact on the Company's financial statements.
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Apr 12, 2006
bigmoney, which runup?
The price before the BIG runup, which was .30? Or the price before this last smaller runup, which was .36?
Daily:
Weekly:
Charting the "half full" part of the glass :)
There HAS been support right in here.
A couple of positive indicator ticks, CMF moving up a bit, and MACD trying to head in a positive direction.
Charts not looking so good at the moment.
Daily, NEOM not exactly bouncing off what has been pretty good support in the past, although we've seen some fast dips/recoveries in the past in situations like this:
Weekly, not trying to be "sensational" here, but if I was just looking at a chart while knowing nothing about a company or it's prospects, this might be how I'd look at it, and my "comments" in this chart are the kinds of comments I would make:
jonesie
TIV CHARTS
Talk about the classic bounce off the middle of the current support range, at least that's what happened yesterday. Have to see what happens next.
Daily Chart:
Wm%R trying to crawl up out of oversold territory with the bounce off yesterday's LOD, ChiOsc ticking up a bit and MACD trying to go positive. It's tryin', but nothing confirmed yet.
Weekly Chart:
Sitting squarely on the long term uptrendline at the moment, with indicators in position to make a move, just not making the move yet. As time goes on the downtrend channel seems to gain priority, but the right news could change that.
jonesie
PPHM very active premarket ... ??? eom
Huge volume today ...
... someone's certainly accumulating while others are selling.
Wonder who will win?
jonesie
Ken, re: CMF
I've had the 20-day CMF in my charts for quite a while, in all my templates and saved charts. Do you think that will give me a much different outcome when compared with your 15-day?
TIA
jonesie
Support / Resistance
On paper ... last line of support. Below here there be monsters.
CURRENT PRICE 7.03, at support, 6.91 ± 0.31, type double, strength 7
RESISTANCE ABOVE
+12.2% at 7.89 ± 0.36, type triple+, strength 10
+20.2% at 8.45 ± 0.38, type double, strength 4
+34.9% at 9.48 ± 0.43, type single, strength 3
+48.8% at 10.46 ± 0.47, type triple+, strength 10
SUPPORT BELOW None.
Weekly Chart:
IMO there is now a race on, between:
-TIV getting some GOOD news out on one front or other and getting the PPS up and
-The potential for being dropped from the Russell lists for failing to make the market capitalization cutoff.
The weekly chart clearly shows the downtrend TIV has been in for the last year. Interestingly, the current longer term uptrend line position coincides exactly with the current calculated support in this area and could provide for a bounce.
IMO further erosion of the PPS resulting in breaking this support and uptrend line could leave TIV susceptible to a significant drop to the lower edge of the downtrend channel. The next few weeks leading into the Russell decision will tell an interesting story.
jonesie
Daily Chart:
The low-volume buy signal given last week did not hold up for even a day, again illustrating why volume is necessary to trigger an actual purchase. Patience works.
TIV is trading in the last recent support area, psychological support could prove to be stronger than actual calculated support here, if not, TIV will break it to the downside and be trading in somewhat uncharted waters, no pun intended.
Doubloon, no lol, I understood what you meant about the chart ...
... I LOVE "ugly" charts, that's when I like to start watching, when they are REALLY ugly.
I just meant sorry I brought it up cuz I can't really find out anything about that company, and does that closed-end thing mean .. well, what DOES that mean? Can we trade closed-end funds?
I'm going to try and keep watching it though. The insider has bought/sold in the past, sometimes his timing is okay, sometime it isn't so great.
jonesie
doubloon, sorry for even bringing it up ...
... it came in on some kind of insider buying alert thing I get. Chart was interesting and the insider buying, but ...
"closed-end management investment company"
Only fundamentals I can find are on Yahoo, and, well, I'm not much of a fund. guy ;)
jonesie
Anyone know DUC?
I can't find much on it, just saw it's been tanking lately on no news that I can see.
Insider has been buying lately:
Symbol Issuer Insider Name B/S Shares Price Value($) ReportTime TradeDate
DUC CORPORATE BOND TRUST MORRIS EVERETT L (Director) B 10,000 12.04 120,450 07:48:59 2006-04-06
DUC CORPORATE BOND TRUST MORRIS EVERETT L (Director) B 10,000 11.70 117,000 11:23:22 2006-04-07
And looks like he picked up another 44,000 on 3.28, his timing wasn't so good on that one.
Absolutely NEOMBRIDGE ...
... that's why I said in my first post that someone certainly bought them.
Now I'm concerned, my T&S may not be showing me that 1MM share trade at .30 that madcat is talking about. Well, no matter.
Glad to see NEOM hold it's ground like this.
jonesie
madcat, hmmmm...
The trade I saw was at 15:33:47, 1MM shares traded at .2896.
I just got back to my PC after being gone all day, you may have seen an earlier, different one.
jonesie