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good morning to all and hope you are having a wonderful aug.,2004. there are times when it's just time to sit back and watch the trees and the beautiful area you live in.
arctec lives in a very nice area and he loves it there for all its beauty.
me az. is homeland now. chgo.,il. doesn't have the stuff i look for these days.
novomira likes the texas area and i would love to go there one day.
trelax lives in the midwest and that relocation area is pretty nice too.
beegee is doing his thing in china and he loves it there too. maybe china visit one day also.
mesa area fellow jalapenobuck likes az. too and i can appreciate why he likes az.
does anyone else want to be recognized on their beautiful state or country? just state a couple places you are from.
i have an eye on the DJTC and it is getting more attractive at these levels. hmmm,,,
stockmann , i got this at the link i get a lot of the profiles.
http://www.marketwatch.com
Company Information
Fieldpoint Petroleum Corp Website Annual Report
1703 Edelweiss Drive Phone: +1 512 250-8692
Cedar Park TEXAS 78613
Fax: n/a
Fieldpoint Petroleum Corporation. The Group's principal activities are to acquire and develop oil and gas properties located in Oklahoma, Texas and Wyoming. The Group collects and analyses geological and geophysical data for exploration areas. The Group is also into drilling oil and natural gas wells, using independent contractors for drilling operations. As of Dec-31-2003, the Group operates 59 wells on their own and 279 wells through independent contractors.
Company at a Glance
Industry: Oil Companies, Secondary Employees: n/a
Fiscal Year-End: 12/31/2004
Latest Insider Transactions
Mable trust 39,600 Proposed Sale (Form 144) 04/25/2004
Auto Generated
Ray D. Reaves 5,000 Open Market Purchase 04/01/2004
Chief Executive Officer
Ray D. Reaves 10,000 Open Market Purchase 08/04/2003
Chief Executive Officer
Ray D. Reaves 65,000 Open Market Purchase 06/11/2003
President
Ray D. Reaves 5,000 Open Market Purchase 05/30/2003
Officer, Director and Beneficial Owner
More Insiders...
i wonder what their holding are in wyoming? this is some interesting stuff for FPPC,,,
he doesn't fit in this election and he never did in my opinion.
democrat party like him but not on the ballot this time again. nader is having big time problems with many states to get on the ballot.
did you hear the rush show this morning with john o'neill topic about kerry swift boat blow ups? there is a lot to be said about kerry claims for the medal given to him for bravery and honor to his loyal fellow comrades.
i see john o'neill is the # 1 to present the issue for the swift boat stuff.,very interesting sight for kerry stuff.
i'm glad you show the title
"UNFIT FOR COMMAND"
these are some great articles to read. i got to one so far and the rest should be very rewarding for me and others to read about the democrat clan.
honest politics? i have yet to meet one in either party. it's like the game party favors"what can you do for me not what i can do for you".
i hold myself to independent til the lever is pulled for the party i want in office.
hi yayaa,the democrat would never change their policy toward the republican bush. this was a good topic on the rush radio talk this morning. i hope he reruns it today to hear john o'neil stuff on the kerry claims for his precious medals. i do respect kerry for serving but not to carry on his antic about the war game.
hi 4godnwv, i see all the points you show in the memo for clinton democrat stuff. 9/11 commission doesn't want to hold no bars and make no waves for now. i think the 9/11 stuff should have never occurred with our swift intelligence.
although i say this , our borders were and are today very weak with controls and personnel. they do try to check but there is always one that gets through the gates.
it reminds of the commies going through the gates with many detecting problems but the security failed to believe in their security checks. that's how it got by and the 9/11 happened to the american people.
back to 9/11 stuff,democrat want to run republican bush into the ground but it isn't working for them.
the swift boat stuff was discussion on the rush radio with john o'neil. john looks to be part of the 527 stuff against kerry awards in the viet stuff. o'neil seemed to tear apart all the claims by kerry and the swift boat arena. o'neil touched some very good points that tells a great story that kerry is avoiding to tell the truth for the american people.
hi and good afternoon to all,,,i didn't get a chance to read the latest messages.
the weekend has a lot chat about the swift boat stuff. some say he did deserve the awards and some have proof he didn't deserve them.
democrat say he does,
republican bush says let go of the 527 stuff.
why don't the democrat let go of their 527 stuff?
the republican convention is going to bring out the best of
mr president bush and for four more years.
we don't want to change the horse in the mid of the stream because kerry doesn't have the guts to do the war job. he is very wishy washy on all his to do statements. edwards is by far a better person then he is although he made a lot of dough on the poor and not so famous ones. when edwards was announced he did by far better talks than kerry ever did on any subject. so edwards picked on the losing side this time.
will WMT say bring down the indices this week after reporting the sales aren't what they are cracked up to be for retailing?
a scam or something else?
Anatomy of a Creeping Phone Stock Scam
Aug 23, 2004 (financialwire.net via COMTEX) -- (FinancialWire) According to the Knight-Ridder's NYSE: KRI Philadelphia Inquirer and Viacom's NYSE: VIAb CBS MarketWatch, the voice mail scam that FinancialWire wrote about last week has targeted five companies and their shareholders.
Among those are 5G Wireless Communications OTCBB: FGWC,and Maui General Store OTCBB: MAUG. These were identified by the Oregon Attorney General's office.
According to the Inquirer and other media sources, the targets also included Donini Inc. OTCBB: DNNI, Power3 Medical Technologies OTCBB: PWRM and Food Innovations OTC: IVFH
The calls have been left on answering machines around the company, beginning with "Debbie" or "Wendy" who are "mistakenly" leaving a "hot stock" tip meant for a friend. The U.S. Securities and Exchange Commission pointed out that the slickly scripted calls are just a new twist on "pump and dump."
According to the Inquirer, Wendy even apologizes for chewing while talking, to make the calls seem even more "real."
Last Tuesday, the SEC's Web site posted an investor advisory on the calls. Yesterday, Susan Wyderko, director of the SEC's office of investor education, said her office received 33 calls within 20 minutes after a Miami television station reported on the scam and ran her unit's phone number.
""They are just coming in through every conduit, through phone numbers all over the commission," she said.
Said the Inquirer: "The scam seems to have worked.
"On July 27, 180,000 shares traded of one of the target companies, Power 3 Medical Products, of the Woodlands, Texas. The stock, traded via the Over the Counter Bulletin Board, closed that day at $1.99.
"On Tuesday, almost 5.7 million shares were traded, and Power 3 shares sold for as much as $4.88 apiece.
"Power 3 is a real company with real prospects, according to its own public statements. It has clinical studies under way of tests it says can analyze proteins in blood serum, which may help with the early identification of breast cancer and neurodegenerative diseases, such as Parkinson's.
"On the other hand, it has no sales so far of the diagnostic products, and only about a dozen full-time employees," said the Inquirer.
""The company is bewildered by this," said Irving Einhorn, an attorney who represents Power 3 and who calls the scam "the worst thing that could have happened to the company.
""They've been asked if they hired anybody to do this, or know who's doing this," Einhorn told me. "They have no clue."
"Einhorn said Power 3 insiders aren't even in a position to profit from the scheme. Because of restrictions on the shares they hold, it will be months before any of them can be sold, whatever the price.
The SEC's Wyderko was quoted as saying there was no reason to assume that insiders were connected with a pump-and-dump, which can be profitable to anyone who holds a company's stock. "Often, the companies are as much victims as the shareholders," she said.
According to
At one company that was mentioned in the calls, Maui General Store MAUG news, chart, profile), shares surged to a 52-week high of $1.20 on Aug 9. They were in the range of 15 cents to 20 cents a share six weeks earlier and closed at 35 cents Thursday, down 36 percent as news of the scam spread.
On August 11, an investor contacted FinancialWire about one of the messages, but unfortunately had not kept the recording. FinancialWire began to contact involved companies as part of an effort to verify the occurrence, and to determine if any of the companies were involved, even as it later learned that various message board posters and discredited websites were claiming, after jumping to that conclusion without journalistic diligence.
In fact, one so-called "watchdog" website run by an admitted securities fraudster well known for its inaccurate conclusions continues to leave its claim that a company's management was involved in the phone scam even while linking readers to the SEC's statements that none of them were.
Within a day, http://FinancialWire.com learned of the SEC's involvement from one of the targeted companies, and from that, the SEC's public warning about several companies.
Richard Miller, president of Maui General Stores, said he got wind of the scam during the first week of August, when some prospective investors called after hearing the message. He said he subsequently heard a tape of the message and talked to SEC officials, said http://www.CBSMarketWatch.com
" The SEC went out of its way to keep the identity of the firms involved a secret, which other investigators said is a sign that management was not involved with the scam."
"We had news," Miller was quoted as saying. "We just got a license from a major company, so when I looked at the stock price and the volume, I thought it was because of the news. I had no idea that somebody was underneath the company doing this voicemail thing. "I have never heard of anything like this. I got caught up in something here that I had no involvement in, and this is an unfortunate situation for the company and any investors who were taken in by it."
Both Donini and Power3 issued press releases stating that they were not aware of any news that would have resulted in the market activity. For several days, http://FinancialWire.com which routinely follows Power3 Medical Products because it is enrolled in one of its parent company's shareholdere empowerment and financial intelligence platforms, had similarly noted as it reported on the volume and price that the activity was based on "no news."
Donini did take the opportunity in its press release to point out that it has completed the development of a frozen microwavable pizza that it says is the "first truly Pizzeria tasting pizza coming out of a microwave," which if true, is the best news to come out of the mess.
Power 3 Medical Products is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following.
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ANY THOUGHTS ABOUT THE PPB FOR OIL? i'm beginning to think oil will pull back to the low $40 ppb. oil line back in business with the iraqi stuff.
a mention below from a messenger,FPPC---stockmann
hi bagheera, do you follow the picks by the prowler?
i picked on one that could do a penny one day. any thoughts for LRCM?
good afternoon to all,,,here are a few with some mentions over the weekend. one is a favorite,
VCSC
NTELX
EGY
KEX
WWAT
PFNH
WBSK
GBH
AZR
IPTM
DJTC
CLZR
it is the bureal of land mgmt. they hold many million of acres in many states. wyoming is big in their holdings with many oil and gas acres.
sorry about that,,, got carried away with the logo.
they have a lot of blm land here with a lot of indian reservations. they pay no taxes while the pale faces do foot their bills. i can say one thing about their cultivation[az.] "they surely make the best of their water supply for their crops". they do a much better with water here than they do in the midwest thing.
hi tbt , that is some wild say for the bush republican planners. i like that very much,,,
you are right about the republican plan of 4 more with bush.
i will watch this convention to give the 4 more a very good rating on the republican side dish.
i can't see this democrat kerry thing even with the republican swift boat mentioned over the weekend. i want to remark about his deserving metals but the truth is only known by god.
thanx for the nice response. they come here and one thing i find hard to believe they are allowed to park anywhere in the desert with their r.v. or fifth wheel. they can park there til they decide to go back to their homeland. i would say they are for the birds. they take over all the places that we do our stuff and are very serious they come first. also here in yuma although not permanent resident they have a voice in the changing of hats here.
one for you too, i've been away up north to do some gaming in vegas. we held our own on the tables but the slots were tuff on the pocket. say , we met a lady of oriental stuff. she played the video poker at $0.10 and $0.25 pops. well she made some money as soon as we sat down.
can you imagine this " 1,165,000 credit comp points in her acct."? now i would say she is a heavy artist in the video stuff.
money she won ,said it was going to her mother in palms spring , fl. she got caught in the wind of charlie.
i'm a little behind on oil reserves. do they still value the old reserves as new reserves in the oil reserves of a corporation? ,,,FPPC
hi stockmann,i saw this FPPC and it does show some promising appreciation.
they do have some goodies there for investors. i will give it some ta and fundamental response shortly.
from your review the reserves do show promises too.
hi novomira and good evening to all. do you get very many winter visitors where you reside? our pop grows three fold when they come here. they stay here nearly 8 mos from the time entering and leaving here. a lot of californians are buying a lot of our properties here. they are three to four times cheaper than san diego,ca , etc.
any comment for wwat?
thanx old drummerman for the nice intro,,,
i follow the astm and own some stem. i hope the gov't gives into some of the pressures the medical field needs for these stem cell research items
thanx a lot because i like to make dough with good stuff. i like the company with the ta to show the action where it is going or going in sideway pattern.
any comment for twx? been in this pattern a long time.
do you follow djtc since it went into the pinks?
i know you say no to pinks but what do you say when they hit the pinks as hlsh did and now djtc when delisted from the n.y.s.e. straight to the pinks? hlsh did make a lot of rich investors when it hit a low of $0.0156.
i wonder if djtc could do the same after the q stuff?
hi blackice and to merci and a good evening to all.
i'm running into some very nice forums today. thanx,,,
HIETE ,,, LAST AT 0.72.
i wonder if it goes lower for the kill?
this is one of his last message to the forum. he does know the business very well. HIET,,,
WHERE IS BEE GEE?
i wonder if he still holds ,,,hiet? anyone know a contact for bee gee?
i do agree with that scenario and it should be rewarding when and if they get the contracts as we expect them to receive from the gov't,etc. HIETE ,,,HIET
hi bagheera, you placed a very interesting list for the ones that follow the float. i like to follow the float turnover and it is very good to short or do some good appreciation for the investors.
HI MISSY , and to all a very good evening. i ran across your forum by asking for djtc and i find a very nice forum to chat with.
jj the shorts have been making a killing on this decline the last 2-1/2 months. mining was a good short but it is very bullish again.
DROOY probably was the best one to short. it went from $3.50 area to below $2.00 area.
say the DJTC was A GOOD ONE TOO BUT IT COULD RECOVER VERY FAST AFTER THE BK IS GONE FROM THEIR SYMBOL,,,
not sure if they have the q yet. so far i haven't seen the q,,,
DJTC.PK
do you think mgt. is cooking the books?
HIETE
I'M SURPRISED AT THIS MOVE BY THEM. i think they go pink to save the exch.fees,,,
ERES did have some good moves while on the mentions by them,,,
they always did some good pps movements for many months.
one thing they don't tout when they sell or buy these shares.
http://www.ceocast.com
here are some of the reviews for some co's. 08/22/04
they do get some good kickers for their mentions,,,ERES comps,600k plus share? that's some real paytime for them.
August 23rd http://www.CEOcast.com Weekly Newsletter - 8/22/2004
VOLUME 148
Companies featured in the current issue of the newsletter: ACHI, ADSX, BKYI, CDIK, CDSS, CMPD, CNR, CXN, DWGN, ERES, FPPC, GBNS, GNBT, GNOI, HMDR, HOM, IBZT, IDSA, MCTL, MED, NTDL, OPCO, PACT, SFP, SITI, SSRV, TNXT, UHCP, VCMP
Investors shrugged off surging oil prices, sending the indexes up sharply last week on relatively light volume. Those stocks/sectors that were "beaten down" the most appeared to stage the sharpest turnaround. In particular, small-cap stocks rallied notably, as the Russell 2000 jumped 31 points, or 5.9%, erasing most of the year's losses. The Index is off just 1.6%. The Nasdaq gained 81 points, or 4.6%, paring one-third of the year's losses, as its close at 1,838 leaves it down 8.3% for the year. The S&P 500 rose 34 points, or 3.2%, and is off 1.2% this year. It closed the week at 1098. The Dow rallied 285 points, or 2.9%, and is down 3.3% this year with Friday's close of 10,110.
While last week's rally was impressive, the lackluster volume levels concern us. Volume on the New York Stock Exchange struggled to eclipse 1 billion shares daily, suggesting that many institutions remain reluctant to participate. Although the market rallied significantly last week and improved the technical picture, as both the Dow and the S&P 500 have pushed above their 50-day EMA, with the Nasdaq closing above its 20-day EMA, signs of weakness continue to persist. Friday was the only day last week where new 52-week lows on the Nasdaq did not exceed highs. On the AMEX, new lows exceeded highs each day last week, suggesting that speculation in micro-cap stocks remains limited.
One of the areas that has received little attention recently has been the performance of the bond market. During economic recoveries, bond yields typically rise sharply. However, since mid-June when yields reached 4.87%, bond prices have surged, sending yields down to 4.23%. This suggests that many remain unconvinced that the economic will remain resilient. Is the stock or bond market correct? Time will tell, but we expect companies to remain cautious about future prospects when third quarter results are announced in October.
What should investors expect this week? There are few market-moving earnings reports. Tuesday morning, HJ Heinz (NYSE: HNZ) will release quarterly results. Wednesday morning, homebuilder Toll Brothers (NYSE: TOL) reports earnings. Thursday morning, Krispy Kreme (NYSE: KKD) issues quarterly earnings. Agilent (NYSE: A) brief analysts Monday morning. Computer Associates (NYSE: CA) does the same on Thursday. Thursday afternoon, chip equipment maker Novellus Systems (NASDAQ: NVLS) and Guidant (NYSE: GDT) host mid-quarter updates for investors.
Monday, the OPEC research division holds a conference in Vienna to discuss its annual statistical bulletin. UBS also releases its August Index of Investor Optimism. Tuesday, July existing home sales will be announced. Wednesday, new home sales will be reported, along with July's Durable Good orders. Friday, revisions to second-quarter GDP will be released, which are expected to show a further decline in quarterly growth estimates. Atlanta Fed President Guynn speaks at a lunch on Wednesday. The Kansas City Fed holds a conference on Thursday. Fed Chairman Greenspan speaks on Friday in Wyoming.
Small appliance maker Salton, Inc. (NYSE: SFP) announced last week that it had launched the newest version of its George Foreman® grills called George Foreman The Next Grilleration™. The Next Grilleration, with removable grilling plates, and addresses one of the key drawbacks of the line of grills, as it now allows for the plates to be put in the dishwasher for cleaning. The company hopes that the new line of grills will help launch a "replacement cycle", triggering many of those with grills that are three to four years old to purchase a new grill. The product is expected to be shipped to retailers by the end of August and be in stores before the end of September. If the company is correct, the new line of grills should help halt the decline in North American sales that has seen the company post losses recently. The George Foreman Grill, which was introduced in 1995 and grew from sales of over one million units annually in 1997 to over 10 million units in both 2001 and 2002, reached the 50 million unit mark in mid-year 2003 in the U.S. market. SFP executives have made upbeat comments about early sales of the grill, and if the company provides positive news on its cost-cutting initiatives and the response from retailers to the new line of grills when it announces fourth quarter results on September 8th, it could be a catalyst for a rally in the stock, which has about 40% of its float "short". Shares ended the week at $4.70, up 29 cents.
Applied Digital Solutions (NASDAQ: ADSX), a provider of innovative security products, saw its majority-owned subsidiary Digital Angel Corporation renew its distribution and supply agreement with Schering-Plough Corporation's animal health subsidiary. The pact will allow Schering-Plough to continue to be the exclusive distributor of Digital Angel's electronic identification products for companion animals throughout the United States. The agreement calls for annual purchases to increase at least 20% per year for 2005 and 2006. The volume increase, along with what is expected to be a significant price increase, has important implications for ADSX, which owns approximately 70% of Digital Angel and consolidates its results. Weakness at Digital Angel recently contributed to ADSX's second quarter loss. The new agreement with Schering-Plough should enable Digital Angel to be profitable for the second half of the year. Shares of ADSX jumped 25 cents, closing at $2.26.
We had previously speculated that Citadel Security Software (NASDAQ: CDSS), a provider of computer virus remediation software, could be a potential takeover target for a company seeking to consolidate the vulnerability management sector. Speculation increased last week that the company could soon be "in play", after McAfee announced that it intends to purchase Foundstone, a privately held vulnerability assessment company, for $86 million in cash, or approximately 4.5 times estimated revenue. According to a boutique research firm, there are three pieces to dealing with the increasingly frequent and complex issues related to operating system vulnerabilities: assessment, remediation and, management. While no vendor offers all three capabilities, automated remediation may be the most difficult, which is where CDSS is the only supplier. The firm reiterated its Buy rating on CDSS and $8 target price. The stock ended the week at $2.20, up 40 cents.
Drug delivery company Generex Biotechnology (NASDAQ: GNBT), announced last week that its wholly owned subsidiary, Antigen Express, had established a collaboration with Massachusetts General Hospital to use modified peptide antigens to stimulate immunity to HIV for both prevention and treatment of the HIV infection. The collaboration brings together a leading HIV research program, which identifies targets for peptide vaccines, and technologies developed at Antigen Express. The news generated little interest from investors, who apparently are more focused on the company's recently announced Letter of Intent to enter into a joint venture with Sejong. We believe the company continues to progress in talks with the Korean conglomerate, and that an announcement that the company has either formally entered into a binding agreement or received money from Sejong for the purchase of stock, could cause the stock to trade up significantly from deeply oversold levels. Upon the announcement that the parties had entered into a Letter of Intent, the stock gapped up to $1.86, before retreating. We believe positive news on the collaboration could send shares back to those levels. The stock ended the week at $0.92, its lowest level since April, 2003.
Shares of eResearchTechnology (NASDAQ: ERES), a leading provider of cardiac safety testing solutions, rallied 8.2% last week, or $1.54, from deeply oversold levels. While some of the technical considerations appear to be improving, the stock still needs to clear near-term resistance (20-day and 50-day moving averages) to neutralize some of the negative sentiment. The next key technical test appears to be the 20-day EMA, which is at $21.90. The stock ended the week at $20.15.
Medifast, Inc. (AMEX: MED), a provider of weight loss management products, reported in-line second quarter results for the period ended June 30, 2004 last week. MED reported revenue of $7.4 million, a 16% increase versus the year-earlier period and $200,000 above its previously announced estimate on July 2, 2004. Domestic sales increased 24% to $7.4 million. Income from Operations was $982,000, a 1.1% increase compared to $971,000 in the same period in 2003. Disappointing international sales, which have been adversely affected by the war in Iraq, appear to be a drag on the stock, as investors appear to be ignoring, for now, the strength in the company's domestic business. The company reported net income of $674,000, or $0.06 per diluted share, versus $591,000, or $0.05 per diluted share in the 2003 second quarter. Medifast reiterated its full-year 2004 financial guidance, which is expected to generate revenue of $30 million to $31 million with a pretax profit of $4.2 to $4.4 million, or $0.32 to $0.35 per diluted share. Although the company will not pay Federal taxes, on a fully-taxed basis, it would result in EPS of 21-23 cents. At those levels, the stock trades for just 15 times the mid-point of the range, suggesting that there is a healthy level of skepticism that the company will meet its second-half targets, which are expected to be enhanced by strong growth from its clinic business. Shares ended the week at $3.39, up 34 cents.
Home Solutions (AMEX: HOM), a niche provider of residential services, reported solid second quarter results last week for the period ended June 30, 2004. HOM recorded Q2 revenue of approximately $7.4 million, a 143% increase versus $3.1 million for the year earlier period, and net income of $0.02 per share versus a net loss of $(0.02) per share for the 2003 second quarter. For the six months ended June 30, 2004, HOM had revenue of $14.1 million, a 102% increase versus $7.0 million for the year earlier period, and net income of $1,006,000 or $0.05 per share versus a net loss of $(162,000), or a net loss of $(0.01) per share for the six months ended June 30 2003. While the company did not revise its full-year EPS guidance of 10-14 cents, there could be meaningful upside potential to those estimates as a result of Hurricane Charlie, which has caused billions of dollars of damage in the Tampa area, location of one of the company's key operating units. The unit could generate substantial incremental business as a result of the massive cleanup and restoration activities that are expected to occur there. The stock ended the week at $1.26, up 5 cents.
BIO-key International, Inc. (OTCBB: BKYI), a leader in finger-based biometric identification and wireless public safety solutions, today announced that that it had signed a definitive agreement to buy Aether's Mobile Government Division (AMG) for $10 million. Completion of the sale is subject to customary closing conditions. The deal to purchase the leader in wireless data services is expected to add $25-30 million in annual revenue to BKYI and be additive to earnings in the fourth quarter. AMG's solutions are currently deployed in state and local police, fire and rescue and emergency medical services organizations and are fully integrated into 47 different state information databases, as well as local and federal databases. AMG focuses its products in law enforcement areas around mobile data collection and reporting, cross agency data sharing on federal, state and local levels, and will further expand BKYI's entry into the law enforcement area. BKYI also reported Q2 results, where revenue was $519,114 a 66% sequential increase from the first quarter of 2004 and a forty-fold increase from the second quarter of 2003. As a result of its recent capital raise, which has allowed the company to expand marketing activities, BKYI tripled its sales pipeline to $12 million. The stock ended the week at $1.06, up 29 cents on heavy volume.
Circle Group Holdings (AMEX: CXN), the developer of Z-Trim™, a zero-calorie fat replacement product, announced second quarter results for the period ended June 30, 2004 last week. Revenue for the quarter was $218,724, up 9.5% from the same quarter a year earlier. CXN reported a net loss for the quarter of $937,853 or $0.02 per share, versus a net loss of $119,771 or $0.00 per share for the second quarter of 2003. The second quarter loss increased from the prior year as a result of higher costs related to the build out of the FiberGel Technologies manufacturing facility. Speaking of the facility, shares could get a lift this week as the company's new plant will have its ribbon-cutting event on Wednesday, marking a significant increase in production capacity for Z-Trim™. With demand for the product from leading food companies such as Nestle, CXN should begin to show solid revenue growth as a result. Shares ended the week at $2.43, up 52 cents.
PacificNet Inc. (NASDAQ: PACT), a provider of value-added telecom services in China, announced last week that American Express Hong Kong had selected PacificNet Epro as the outsourced call center service provider to fulfill its customer interaction requirements and customer relationship management initiatives. PacificNet Epro, which has been a leader in the area for over 10 years, will provide complete inbound and outbound teleservice solutions. As e-commerce continues to increase in China, outsourced call centers are expected to play an increasingly important role, creating significant growth opportunities for PACT. The stock ended the week at $2.72, down 28 cents.
VCampus Corporation, (NASDAQ: VCMP), a provider of end-to-end, web-based e-Learning solutions, announced last week that Cryptography and Access Controls, two information security courses jointly developed with (ISC)2, the non-profit international leader in training, qualifying and certifying information security professionals worldwide, had achieved "Best Seller" status from the more than 4,500 courses offered in the VCampus library. These courses provide continuing education credits for existing CISSP® credential holders and help prepare information security professionals who are seeking to achieve the CISSP certification. The news of the relationship with (ISC)2 sent the stock soaring in mid-April to a new 52-week high of $10. The stock rose 21 cents last week, closing at $1.32.
SLS International (OTCBB: SITI), a developer of loudspeakers and sound systems, appeared on "Your World" with Neil Cavuto on the Fox News Channel last week. What caught our attention was the appearance on the show by Quincy Jones, who spoke enthusiastically about the new line of "Q" speakers he is developing in conjunction with the company. However, another near-term catalyst for the stock could come from what the company says about its relationship with Radio Shack. The parties had entered into a product development agreement in December to try and bring SITI's products to the electronics retailer. The stock ended the week at $1.80, down 6 cents.
NuTech Digital, Inc. (OTCBB: NTDL), a leader in the production and distribution of original and licensed DVD content, provided further details on its agreement with Jessica Simpson. The company expects the concert to generate a minimum of $350,000 in incremental revenue from sales of the broadcast and DVD. As early indications are that the company will be successful in its initial foray into higher-profile events, we wouldn't be surprised if the company were to follow-on the Simpson broadcast with other high-profile concerts. The stock, despite the news, hit a new 52-week low last week, suggesting that positive news developments should at least create a trading opportunity for the stock to "bounce". Shares ended the week at $0.27, down 8 cents.
TNX Television Holdings, Inc. (OTCBB: TNXT), which is developing a television network that will be launched next month on UK commuter trains, announced last week that it had entered into a Letter of Intent with a major London commuter train operator to install its TNX television system on their fleet of trains. Installation will commence in the second quarter of 2005. The lines carry approximately 95 million passenger journeys annually. Initially, TNX UK will cover approximately 88 million passenger journeys. The deal means the company has now secured deals with six train operators with one additional Letter of Intent outstanding. We believe the launch of its television network next month on the first train operator is likely to result in TNXT securing agreements with advertisers, which is the way the company principally expects to generate revenue. These advertising deals could serve as a catalyst for the stock. Shares ended the week at $1.16, up 1 cent.
Junior energy company CanArgo Energy Corporation (AMEX: CNR), whose principal operations are located in the Republic of Georgia, announced second quarter results for the period ended June 30, 2004. Revenue was approximately $2.1 million versus $1.9 million in the year-earlier period. The company lost $1.4 million during the period. For the six months ended June 30, CNR had revenue of $5.4 million versus $3 million last year, and net income of $73,000 versus a loss of $1 million for the six months of last year. The second quarter results were impacted by non-cash interest expense associated with warrants and an asset sale. CNR continues to focus on the Ninotsminda and Samgori Fields, and the appraisal of its Manavi oil discovery, both of which will utilize the Under Balanced Coiled Tubing Drilling technique. We expect these programs to accelerate once the company's registration statement is declared effective by the SEC, which will provide it with access to the funds necessary to develop these areas. The stock ended the week at $0.53, down 12 cents.
Home Director, Inc. (OTCBB: HMDR), a developer of networking solutions for the home, reported Q2 results for the period ended June 30, 2004 last week. HMDR reported a net loss for the quarter of $1.5 million, or $0.20 per share, as compared to a net loss of $1.1 million, or $0.28 per share, in the second quarter of the prior year. Revenue for the quarter was $2.4 million, compared to $2.5 million in the second quarter of 2003 and $2 million in the first quarter of 2004. Management attributes the year-over-year revenue decline primarily to reduced hardware sales which were offset in part by increased installation revenues. Orders received by its Digital Interiors installation subsidiary reached all-time highs, however. The company has recently formed key relationships with builders such Beazer Homes and developers such as Land Tejas in Houston, Texas which should contribute to second-half results. The first-half results were adversely impacted by a lack of capital to fund many of the expenditures necessary to grow the business. The constraint has been lifted as a result of the completion of a $5.2 million private placement, which should provide the necessary resources to grow the business significantly during the second half of the year. The stock ended the week at $.74, up 9 cents.
Volume Alert: Shares of United Heritage Corporation (NASDAQ: UHCP), a junior oil and gas company, surged 30% on Friday on its second highest volume in over one year. Last week, the company announced it had received positive results from the nitrogen injection process at its Wardlaw Field located in Edwards County, Texas. After testing, wells that had been placed into full production averaged approximately a 3 BOPD increase versus the production level prior to the nitrogen injection project. Wells are experiencing pressures of approximately 20 psi. More wells will be put on full production as pressure increases sufficiently. Production tests on the majority of the low pressure wells will continue in an effort to obtain information about the capabilities of the different down hole pumps the company is using and how the wells respond to different pressures. It is expected that this testing process will continue for an additional 60 to 90 days. UHCP believes that this new process will enable it to realize production from the substantial reserve position it holds in the area. The stock ended the week at $0.64, up 19 cents.
SmartServ Online, Inc. (OTCBB: SSRV), a value-added marketer of prepaid wireless products and mobile content, announced Q2 results last week for the period ended June 30, 2004. Since the results do not yet reflect the company's change in strategy, from a distributor of mobile content to a provider of wireless prepaid services, they provide little insight into how the company will perform using its new business model. SSRV recently launched its new prepaid wireless strategy, which it believes will generate significant revenue growth during the second half of the year through UPHONIA™, which features low cost, 'pay-as- you-go' cell phone service bundled with thousands of free ring tones, images, and graphics. The new brand will combine the latest in prepaid wireless plans with mobile entertainment, giving consumers a new way to customize their phones. The stock ended the week at $1.35, down 5 cents.
CompuMed, Inc. (OTCBB: CMPD), a medical informatics company, reported solid results for its third quarter ended June 30, 2004. Revenue increased 8% to $463,000, while the net loss decreased 17% to $40,000, or $0.00 per share. For the first nine months of its fiscal year, revenue increased 2% to $1.4 million, while the net loss decreased 29% to $180,000 or $0.01 per share. Continued growth for the company is likely to come from sales of the OsteoGram, a software-based system that enables healthcare providers to screen, diagnose and monitor osteoporosis using a conventional film-based hand x-ray or digital image derived from filmless x-ray equipment. Recently, CMPD introduced a DICOM-based version that helps providers achieve workstation consolidation by eliminating the need for dedicated and expensive osteoporosis imaging equipment, computers, office space and staff. The company believes that the new version should be a catalyst for future revenue growth. The stock ended the week at $0.22, up 6 cents.
Dwango® North America Corp. (OTCBB: DWGN), a developer and distributor of entertainment content and applications for users of next generation mobile phones, announced last week that it had entered into an agreement with Tata Infotech, a global systems integrator to jointly enter the Indian market. The two companies will publish select Dwango content in the Indian market for Tata Teleservices, a leading private Tata Group-promoted telecom mobile service. The deal will allow Tata Infotech to provide additional services for its wireless subscribers. DWGN ended the week at $0.79, up 9 cents.
Coronado Industries Inc. (OTCBB: CDIK), the manufacturer of unique proprietary pneumatic devices for the treatment of glaucoma, announced last week that it had made significant progress in its European activities. Recently, the company obtained 2A CE approval, which now allows its distributors in Italy, Spain and Portugal to begin marketing and distribution activities for its cost-effective alternative for the treatment of the most common types of glaucoma. The Italian market appears particularly promising, as CDIK's distributor, Eupharmed, said it will initially target the major glaucoma treatment hospitals and key opinion leaders across Italy. Eupharmed will also initiate enrollment into a multi-center trial, which will further expand the available database on the benefits of using the treatment in the overall management of the glaucoma patient. CDIK will be able to use this data for product registration purposes in the U.S. Izasa S.A., Spain's largest medical device distributor, will also launch the product in the coming weeks. The stock rose 25 cents last week, closing at$0.10.
Global Business Services, Inc. (OTCBB: GBNS), a rapidly growing network of franchise postal, business and communication services stores, has entered into an agreement with Golden Gate Investors out of San Francisco in which Golden Gate shall provide GBNS with funding of up to $2.2 million. The proceeds of the funding will be used to retire debt, complete acquisitions and provide working capital. Funding will continue based on specific benchmarks and a pre-determined schedule agreed to by the parties. Shares closed the week at $0.98, up 8 cents.
AmeriChip, Inc. (OTCBB: ACHI), a company that has extensive resources for cost saving services and products that are used by industrial steel and aluminum machining, continued to increase its portfolio by adding the Oil Screen® filtration product line to its offerings. In certain operations, other than turning, it is often necessary to use coolant. The use and recovery of the coolant is mandated by EPA guidelines. The Oil Screen®, designed for the separation of air pollutants in the form of oil mists, emulsion mists, aerosols, water vapors and steam, guarantees that a facility is EPA compliant. The Oil Screen® removes and allows a plant to capture and re-cycle expensive oils and cooling fluids. Shares rose 0.3 cents to close the week at $0.053.
FieldPoint Petroleum Corporation (OTCBB: FPPC), a low cost oil and gas exploration, production and acquisition company operating in New Mexico, Oklahoma, Texas and Wyoming, reported that during the six-month period ended June 30, 2004, the company's revenue remained steady at $1,252,050. Net income increased 16% to $169,070 or $0.02 per share vs. revenue of $1,257,371 and net income of $145,509 or $0.02 per share in the first half of 2003. Average oil sales prices increased 13% to $34.89, compared to $30.70 for the period ended June 30, 2003. Average natural gas sales prices increased 35% to $4.49, compared to $3.32 for the previous period. Increased production at the Lusk Field, combined with an unhedged position, maximized the benefit of consistently rising energy prices. We expect FPPC to handily beat its second half numbers from last year. Shares closed Friday at $0.65, down 33 cents.
Genio Group, Inc. (OTCBB: GNOI), a developer and marketer of entertainment and leisure products, reported net sales of approximately $1.5 million for the third quarter ended June 30, 2004, principally from the initial sales of the Mighty Beanz™ trading card product line. The company reported a net loss for the third quarter of approximately ($0.8 million), or ($0.03) per share. In other developments, GNOI formed a joint venture with Salo S.A. of Chile to bring an English-language version of Latin America's top-selling collectible card game, Myths and Legends, to North America starting this October. Unlike most collectible card games that are based on fantasy, Myths and Legends is solidly anchored in the global universe of historical and present day myths and legends. Its adventures transcend oceans, centuries, cultures and geography to provide players with a rich and unrivaled playing experience. The trading card series, which was launched in Chile in June 2000, is now more than 2,400 cards and therefore provides a solid base of consumer-tested artwork, copy and game play from which to forge an English-language presence in North America. The Myths and Legends series is targeted to adults and kids ages eight and above, with an average age ranging from 12 - 18 years old. Shares rose 2 cents for the week closing at $0.42.
OurPet's Company (OTCBB: OPCO), a company that designs, produces and markets in the USA and overseas a broad line of innovative, high-quality accessory and consumable pet products, reaffirmed its guidance for 2004. OPCO expects to meet its previously announced guidance projection for FY 2004 of $6.6 million in gross revenue and $375,000 in pretax income. Traditionally, OurPet's has experienced a significant increase in sales and profits during the second half of the year due to holiday gift giving. The company anticipates significant sales from its new product introductions of Store-N-Feed, Jr., Groovy Sticks, Durapet Bowls, Gourmet Rawhide Bones and Bubble Mouse. We are confident that OPCO will meet its forecast and join the minority of Bulletin Board companies that are profitable. Shares closed the week at $0.29, down a penny.
MicroTel International (OTCBB: MCTL), a multi-national manufacturer of defense and aerospace electronic components and communications equipment, turned in another solid quarter for the period ended June 30, 2004, as the company posted its seventh consecutive quarter of profitability. MCTL reported net income of $369,000, or $0.02 per diluted share, a 3% increase versus 2003's Q2, and a $299,000 improvement versus the previous quarter. Sales declined 6% to $6.4 million, due to reduced sales of power supplies because of deferred shipment schedules. MCTL reported solid improvement in gross margins, which allowed it to generate strong operating cash flow of $980,000 for the first six months of the year, up 60% versus the year-earlier period. MCTL saw significant improvement in its communications equipment business during the period. With its recent acquisition of Larus, which is expected to be accretive, the company could generate full-year EPS earnings of 5-6 cents, which means that the stock trades for a current year's P/E ratio of approximately 14 times earnings. The stock ended the week at $0.70, down 1 cent.
Shares of iBIZ Technology (OTCBB: IBZT) were crushed again last week, after the SEC announced that it had launched a formal investigation into the activities of the developer of handheld accessories. Could the news get any worse and is it already priced into the stock? Shares have lost approximately 90% of their value since hitting a high of 5 cents in mid-March, as a series of snafus have delayed production of the Virtual Keyboard, a device the company launched to much fanfare earlier in the year. Production delays resulting from a dispute with its Israeli manufacturing partner have disappointed investors and now apparently drawn scrutiny from the SEC. The stock ended the week at $0.005.
SPECIAL SITUATIONS:
Industrial Services of America, Inc. (NASDAQ: IDSA) $7.00
While few people know it, Industrial Services of America was the first public company in the waste industry. The company, which has been in business for 50 years, provides total package waste and recycling management services to commercial, industrial and logistic customers nationwide, as well as providing recycling and scrap processing and waste handling equipment sales and service. Its customers include medium to large, multi-location industrial, commercial, and logistic businesses located throughout North America, such as Home Depot, Office Depot, Lexmark, and UPS.
The company recently reported solid second quarter results for the period ended June 30, 2004. Six-month revenue was $68.8 million, an increase of 21.4% over the year-to-date revenues for the first six months of 2003. Net income was $940,277 (diluted EPS of 26 cents), compared with earnings of $274,004 (diluted earnings of 9 cents) for last year's first six months. EBITDA was $2.2 million, indicating that the company generated solid cash flow. The company earned 14 cents per diluted share in its second quarter.
The stock represents an intriguing way to play the surge in commodity prices, as commodity shortages have helped the ferrous and non-ferrous scrap industries this year. IDSA delayed some commodity shipments during the second quarter, to capitalize on what it believes will be higher prices later in the year. The company indicated that it expects higher volumes during the second half of the year. Recently, the company has begun to focus on the Chinese market, where several steel mills and recycling operations could present attractive opportunities for additional growth. Another area for growth is in the reclamation of aircraft parts and entire aircraft. Since the airline industry continues to take capacity out of the sector by retiring less efficient aircraft, this is likely to serve as a source of growth for many years.
The company recently declared a cash dividend of 10 cents per share, reflecting a solid cash position ($4.1 million as of June 30th) and a healthy inventory position of $2.8 million. IDSA has $1.75 million in long-term debt. The stock trades at a substantial discount to its growth rate, as it has a trailing 12-month P/E of just 18. With approximately 3.5 million shares outstanding, the company has a market capitalization of just $25 million. With 18% of the float "short" and 45% of the company owned by management, the small float and high short interest percentage has caused significant volatility. The stock, which established a 52-week low nearly one year ago, with the shares trading for less than $2 on nominal liquidity, surged to a split-adjusted high of $21 in early March, as strong earnings captured the attention of the "momentum crowd" causing the stock to trade multiples of its entire float for two weeks.
For speculative investors looking to play strength in the commodities market, IDSA appears to be an interesting opportunity. Given the small float and high short interest, shares are likely to continue to be volatile, with day traders and momentum investors creating volatility. However, for those focused on fundamentals, at 18 times trailing earnings with strong growth prospects, Industrial Services of America appears to represent an attractive small-cap investment.
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A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO ITS OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. This publication accepts compensation from companies that it features. This newsletter should not be regarded as an independent publication. Our editors may, from time to time, acquire positions in the companies that they cover. This could represent a conflict of interest. The CEOcast newsletter shall be under no obligation to inform readers about its trading activities. CEOcast's editors reserve the right to buy or sell shares in these companies at any time. The following companies, featured in this newsletter, have compensated CEOcast: eResearchTechnology has terminated its investor relations agreement with CEOcast; CEOcast received its final payment under the contract and is due no further compensation; editors of CEOcast own approximately six hundred five thousand shares of stock; SLS International, fifteen thousand dollars per month and warrants to purchase two hundred fifty thousand shares of stock at two dollars per share, Citadel Security Software, seven thousand five hundred dollars per month and fifteen thousand shares of stock for a six-month program; CEOcast received thirty-eight thousand shares of stock from a previous agreement, Bio-Key International, ten thousand dollars per month for a four month program; CEOcast owns approximately five hundred three thousand shares from previous agreements, Medifast, five thousand dollars and one thousand shares of stock for a one-year program; CEOcast also received twenty-three thousand shares for performing other services and receives five thousand dollars per month, AmeriChip, thirty thousand dollars for a six-month program and two million shares of stock; an editor of CEOcast owns nine hundred thousand shares of AmeriChip stock, VCampus, eight thousand five hundred dollars per month and eight thousand five hundred dollars per month of stock, for a one-year program, Microtel, seven thousand five hundred dollars, PacificNet, five thousand dollars per month and fifty thousand shares of stock for a one-year program, Home Solutions, ten thousand dollars per month and fifty thousand shares of stock for a six-month agreement; CEOcast owns twenty thousand shares from a previous agreement; iBIZ Technology, six thousand five hundred dollars per month and six million shares of stock; CEOcast owns two million shares of stock from a previous programHome Director, seven thousand five hundred dollars per month and warrants to purchase fifty thousand shares of stock at sixty-five cents, Applied Digital Solutions, twelve thousand five hundred dollars per month, Generex Biotechnology, five thousand dollars per month and two hundred twenty five thousand shares of stock for a one-year program; CEOcast received two hundred ninety-five thousand shares from previous agreements; NuTech Digital, TNX Television, ten thousand dollars per month and one hundred thousand shares of stock for a six-month program; CEOcast received one hundred thousand shares from a previous agreement; SmartServ Online, seven thousand five hundred dollars per month plus options to purchase fifty thousand shares of stock at two dollars seventy cents for a six month program, CanArgo, five thousand dollars per month and eighty thousand shares of stock for a six-month program, CompuMed, seven thousand five hundred dollars per month and one hundred twenty-five thousand shares of stock for a three-month program, Nutech Digital, seven thousand five hundred dollars per month and one hundred ten thousand shares of stock for a six-month program, Circle Group Holdings, six thousand dollars per month and thirty thousand shares for a five-month program; CEOcast received thirty thousand shares from a previous program, Coronado Industries, seven thousand five hundred dollars per month and two hundred fifty thousand shares of stock for a three-month program, United Heritage Corporation, seven thousand seven hundred fifty dollars per month and one hundred thousand shares of stock for a one-year program, Salton, Inc., seven thousand five hundred dollars per month and warrants to purchase fifty thousand shares of stock at eleven dollars fifty cents, Industrial Services of America, ten thousand, Dwango, five thousand dollars per month and fifty thousand shares of stock for a one-year program, FieldPoint Petroleum ten thousand dollars for a three-month program, Global Business Services, thirty six thousand dollars and sixty thousand shares of stock for a six-month program, OurPet's seven thousand five hundred dollars, Genio, fifteen thousand dollars.