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IMO your cost of sales was much more representative when it was 60% than 23.5%.
In a mature industry like the muffler industry if you can achieve a gross margin of 40% you are doing quite well. Heck, Intel would like a 40% GM.
Producing in China would cut costs of production but not to the extent you are anticipating. And you still require warehousing and distribution in America which would be part of the cost of sales too as would any commissions paid to distributors.
imo
interesting ... but doesnt really answer the L10 question
imo
site looks good.
imo
how about L4 to L10 that was being referred to?
do they exist?
imo
no link
Can you post the reference in MSN Money to L3 to L10?
imo
Did they give you any indication of how well the Aero muffler sold vis a vis other mufflers they carry?
IMO
And were they getting more in and when?
Did they say why they are sold out?
Is it because they are flying off the shelves?
or
Are there delivery problems?
Just asking.
imo
smallgain, good to see you somewhere other than CSHD.
glty
Not sure if WHKA execs are quite as innocent as they let on.
I think they were hoodwinked.
imo
good DD overachiever!!!
imo
Just read the filings.
Shares are being created from the C/D. that is a fact.
Also ... by agmt ... GGI can not hold more than 4.9% of the issued shares at any one time.
I therefore deduce that they must be selling some.
Think about it!!!!
It is not rocket science.
imo
What your post does not address, and what we do not know for sure, is the fact that it is not very difficult to get the 144 restrictions removed. As the C/D funds were advanced in excess of two years ago, the resulting shares qualify for immediate release as free-trading with a certification by FCCN.
Personally I do not beleive it to be much of a stretch to believe the FCCN has allowed these shares to be released from their 144 restrictions.
imo
I believe you cant trade FCCN shares on Euroclear.
From my experience in the brokerage industry it is more of a clearing and quote system for bonds. Kind of like Bloombergs in some respects.
imo
Read the filings man. that is not happening.
GGI is getting their shares at sub-penny levels.
18 million shares for $3,750.00
Why would they accept your proposal??
imo
nothing wrong with todays volume either though
imo
I think Bobby Hull is the Commissioner.
And Gordie Howe is Mr. Hockey!!!!
Any word on the rink they were to buy in Florida?
imo
Not here obviously because this imo was one of the great scams of the decade.
I say positive things. On FCCN I truly like the Aero deal, just dont like the structure and the toxic financing.
imo
My FCCN 'facts' as you call them are direct postings from the filings. lol
imo
And if Rufus, the Easter Bunny and the Pink Fairy all get together for a meeting ... who knows what they can prove?
imo
If you believe Rufus about the 6:1 and $15/share ... I have some great land for sale close to Miami. lol
imo
Here is proof of escrow reduction as you asked me for.
From the definitive 14A on 2/16/07
As of February 15, 2007, the Company has 921,183,413 shares of common stock issued and outstanding. Of this amount 747,807,988 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc.
From the pre14A on 1/19/07
As of January 9, 2007, the Company has 920,558,174 shares of common stock issued and outstanding. Of this amount 780,678,923 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc.
The issued shares went up by the amount that GGI had to buy under the new agreement, being 625,239 shares at $1 per share.
At the same time the escrowed shares decreased by 32,870,095
imo
The statement that he knows more about the production side that you doesnt really say anything ... positive or negative.
Dont get me wrong. I think Aero is a great company and seems to have oodles of potential.
But Andrews statement was .... irrelevant??
imo
Drawing down could also be considered as retiring them.
imo
I like a lot of your analysis.
But ... in your conclusion you state that the GGI shares released from escrow are not-tradeble. I think that is where we disagree.
Why release them from escrow if they are not to be tradeable.
As an ex brokerage employee ... makes no sense to me.
imo
IF there is no dilution ... then how do you explain the escrowed position decreasing?
imo
I believe it was just the easiest one to discredit.
IMO
where have you been?
Havent you seen the posts showing that some of the bonds that CSHD claimed to have the entire issuance of were held by others including Fidelity?
imo
Pretty much have to be a bank with billions in assets to be a member of Euroclear.
Oh crap ... Rufus almost qualified on one count.
Too bad they were bogus bonds.
Wouldnt it be great to join the ritzy country club with a rubber cheque? lol
imo
Finally a voice of reason.
This board does not want to acknowledge that dilution has taken place even though the filings show it plainly.
Will that ultimately result in a R/S?
Lets just say that imo it makes it more likely.
imo
One more time for the confused young man.
I ...averaged .. down ... because ... I ... faltered ... and ... believed ... what ... some ... were ... posting ... on ... this ... board ... that ... no ... further ... dilution ... was ...occurring. .. Obviously ... my ... faith ...in .. those ... others ... was ... misplace.
I ... should ... have ...listened ... to ... my ... own ...
DD... and ... experience ... and ... not ... bought ... more ... to ... average ... down.
Got ... it ?
imo
I am signing off for the night.
Thanks for the laugh.
imo
I am done with you.
I have explained myself in plain english and you insist on trying to twist your shorts all up.
ttyl
imo
Exactly.
None of the aforementioned could afford nor could they get the accreditation to be Euroclear account holders.
imo
You are doing your best to twist my words.
Let me write it slowly because I know you dont read too fast.
I averaged down once before because I HOPED that the dilution had stopped.
Obviously it has not.
imo
I posted this on another board but it is a good summary so I will post it here too.
So I spoke to an engineer friend of mine about efficiency of the H2 Reactor vis a vis other hydrogen generators (what I will term "old style" generators because I dont know what else to call them) and this is essentially what he had to say:
(Now I hope I get this all right because I am definitely not an engineer and chemical process technology is certainly not my forte).
- most of these hydrogen generators still use essentially the same "old style technology" as Faraday used one hundred and fifty years ago.
- the H2R as described and a hydrogen generator using the Faraday technology are two completely different technologies and cant be compared;
- Efficiency of an electrolyser is measured by quantity of energy used for producing one liter of gas;
- "old style" generator units tend to be rather large in size and produce only 0.50-0.75 liters of gas per minute;
- e.g. one old style unit, based on patent filings, is in that "old style" generator range mentioned above;
- at least one liter/minute of production is required to accurately assess efficiency so it would be difficult to really assess the efficiency of these old style units;
Now, combine that with what the H2 Reactor appears to be capable of: i.e. a rather small unit that is capable of consistently
producing over 3.0 liters/ minute, while consuming a mere 1.5 Wh for one liter of gas/minute.
And ... the next generation H2 Reactor to be unvieled soon will be capable of producing one liter of gas/minute with one watt-hour of energy.
From all of this I deduce that the H2 Reactor is at least three times more efficient than any of the "old style" hydrogen generators currently in use by hydrogen insertions companies.
Hope I got the science right. Pretty sure I did.
As I said before, you can not compare the efficiency of the H2 Reactor with the hydrogen generators being sold for diesel insertion purposes.
IMO
As I said and I will say it again .... I believed some on here that dilution had ceased.
Obviously we were all wrong and now I have a 30% paper loss on my hands unless the stock PPS increases.
I also said I kinda feel dumb because I let my hopes outweigh my DD.
imo
But dilution erodes the upside for those already in.
imo