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Scans 11-29-10
Above Average Volume (0-.10) (Volume >20 & >150 day average, Bullish Accumulation, Volume >200k)
Symbol Exchange Chart Stock Score Price Volume Country
BESE OBB Chart 58 $0.00 1,917,719 N/A
BRLS OTO Chart 50 $0.00 588,235 United States
BRZM OTO Chart 45 $0.01 2,517,221 N/A
CWBYF OBB Chart 38 $0.01 363,636 N/A
DTEMF OTO Chart 90 $0.10 233,556 N/A
GLIF OTO Chart 44 $0.00 4,779,825 N/A
KUHM OTO Chart 59 $0.00 280,603 N/A
MKBY OTO Chart 44 $0.02 690,909 N/A
MTIZ OTO Chart 52 $0.00 6,000,000 N/A
PPBL OBB Chart 40 $0.02 263,986 N/A
QNGP OTO Chart 45 $0.01 454,545 N/A
SDRC OTO Chart 41 $0.02 818,182 United States
SMNG OTO Chart 76 $0.07 925,279 N/A
SOSI OTO Chart 38 $0.01 545,455 N/A
THMRQ OTO Chart 57 $0.01 1,178,276 N/A
TSPG OTO Chart 48 $0.01 258,430 N/A
Record Volume
Symbol Last Change %Change High Low Volume Vol %Change Year Low Year High %Off High
CYCA 0.002 0.001 100.00% 0.003 0.001 190,689,595 2,688.73% 0.000 50.41 100.00 Trade
HLXW 0.002 0.001 109.09% 0.003 0.001 172,614,764 8,180.06% 0.001 2.86 99.92 Trade
EXPH 0.000 -0.000 -33.33% 0.000 0.000 151,590,286 1,091.63% 0.000 0.007 97.33 Trade
BKPG 0.012 0.001 9.09% 0.012 0.010 4,346,120 1,206.82% 0.008 0.740 98.38 Trade
NATC 0.280 0.050 21.74% 0.320 0.000 3,489,847 212,177.80% 0.000 0.320 12.50 Trade
SXRZF 5.03 -0.23 -4.37% 5.11 4.49 2,787,970 3,099.82% 1.86 5.36 6.17 Trade
GGCRF 0.673 0.003 0.46% 0.680 0.638 946,370 2,748.80% 0.217 0.810 16.90 Trade
AXPW 0.630 -0.010 -1.56% 0.700 0.630 635,850 4,658.29% 0.460 1.80 65.00 Trade
DGIN 0.300 0.050 20.00% 0.395 0.250 489,242 16,218.95% 0.001 1.01 70.30 Trade
LWLG 1.60 -0.02 -1.23% 1.80 1.59 481,225 932.74% 0.570 2.34 31.62 Trade
DIOMQ 0.000 0.000 0.00% 0.000 0.000 397,598 2,304.15% 0.000 0.250 99.88 Trade
OEDV 0.030 -0.010 -25.00% 0.030 0.020 353,500 2,335.92% 0.020 0.070 57.14 Trade
GRMC 0.300 0.030 11.11% 0.300 0.275 336,660 954.27% 0.110 0.450 33.33 Trade
GNRG 0.280 0.030 12.00% 0.280 0.240 300,550 2,648.51% 0.020 0.500 44.00 Trade
MWSNF 2.03 -0.26 -11.47% 2.19 1.89 248,900 1,808.60% 0.273 2.60 21.84 Trade
MIVI 0.480 0.050 11.63% 0.480 0.400 222,820 1,384.18% 0.020 4.40 89.09 Trade
DTEMF 0.100 0.035 52.67% 0.112 0.083 210,200 1,235.79% 0.029 0.112 11.11 Trade
ETFLF 0.080 0.004 5.68% 0.089 0.080 192,000 17,291.30% 0.041 0.125 35.79 Trade
ETAK 3.30 -0.05 -1.49% 3.40 3.11 123,672 0.00% 3.11 3.40 2.94 Trade
ALGLF 0.080 0.001 1.90% 0.080 0.080 108,645 4,061.05% 0.064 0.113 28.63 Trade
Oversold (0-.10) (Stochostic Oversold, RSI Oversold, MacD Bullish, Volume >200k)
Symbol Exchange Chart Stock Score Price Volume Country
CBAI OBB Chart 39 $0.00 49,441,372 USA
DGRI OTO Chart 59 $0.02 3,847,411 N/A
HNSS OTO Chart 34 $0.01 3,478,332 N/A
IMMCQ OTO Chart 51 $0.02 286,275 N/A
INVX OTO Chart 59 $0.01 216,136 United States
MLXO OTO Chart 38 $0.01 461,543 N/A
MXXH OTO Chart 55 $0.00 4,483,182 N/A
NLAB OTO Chart 22 $0.00 264,622 United States
SMMT OTO Chart 55 $0.00 4,905,128 N/A
UNVC OTO Chart 70 $0.00 3,691,216 N/A
Oversold (Stochastic - Bullish)
Symbol Last Change %Change High Low Volume Vol %Change Year Low Year High %Off High
RNWF 0.001 0.001 62.50% 0.001 0.001 70,640,303 2,044.91% 0.000 0.007 80.60 Trade
CBAI 0.004 -0.000 -4.44% 0.005 0.004 53,754,398 51.26% 0.004 0.153 97.19 Trade
UNVC 0.001 0.000 10.00% 0.001 0.001 2,981,500 643.38% 0.000 0.017 93.53 Trade
ZVTK 0.002 0.000 7.14% 0.002 0.001 2,758,569 -91.34% 0.000 0.020 92.50 Trade
DEXO 4.72 -0.78 -14.18% 5.59 4.57 1,323,131 5,956.35% 0.000 30.89 84.72 Trade
IGAI 0.000 0.000 0.00% 0.000 0.000 985,500 4.16% 0.000 0.001 77.78 Trade
GCEH 0.030 0.001 3.45% 0.030 0.028 619,000 316.28% 0.005 0.140 78.57 Trade
APRM 0.009 0.002 26.76% 0.009 0.007 427,800 658.23% 0.000 0.190 95.26 Trade
PIVX 0.001 0.000 30.00% 0.001 0.001 269,500 518.67% 0.001 0.006 78.33 Trade
EKII 0.001 0.001 71.43% 0.001 0.001 230,000 482.18% 0.000 0.002 40.00 Trade
BRLS 0.001 0.000 100.00% 0.001 0.001 200,000 6,048.17% 0.000 0.007 88.57 Trade
ETFLF 0.080 0.004 5.68% 0.089 0.080 192,000 17,291.30% 0.041 0.125 35.79 Trade
GRNO 0.105 0.023 27.93% 0.105 0.082 180,583 461.34% 0.000 0.729 85.61 Trade
BKBO 0.315 -0.002 -0.50% 0.320 0.315 170,267 -3.39% 0.120 3.84 91.78 Trade
LGOV 0.002 0.001 33.33% 0.002 0.002 143,100 -51.11% 0.001 0.325 99.38 Trade
SCGLY 9.84 -0.25 -2.48% 9.84 9.55 135,290 41.93% 7.10 15.27 35.56 Trade
LPHC 0.040 0.005 14.29% 0.040 0.035 124,000 -16.67% 0.030 0.455 91.21 Trade
JPEI 0.014 0.003 27.27% 0.014 0.011 120,000 823.72% 0.001 0.110 87.27 Trade
HFGB 0.730 0.030 4.29% 0.739 0.710 113,514 220.80% 0.450 1.40 47.86 Trade
SPKL 0.085 -0.003 -3.41% 0.090 0.070 111,100 27.08% 0.031 1.95 95.64 Trade
Quick question for you Stoney if you have a second. Caught wind of a rumor flying around the hub and wondered if you had heard?
OHP is rocking the hub! Nice work folks!
Outstanding DD! Thank you!
STTN buying opportunity here for sure!
OEDV Customers include Pacific, Hocol and Sunoco
From the 10-K
During 2009 and 2008, the Company had three customers that accounted for all of its sales. In 2009, Pacific, Hocol and Sunoco accounted for 57%, 40% and 3%, respectively.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7142795
OEDV From the 10-K MAJOR CUSTOMERS
During 2009 and 2008, the Company had three customers that accounted for all of its sales. In 2009, Pacific, Hocol and Sunoco accounted for 57%, 40% and 3%, respectively. In 2008, Hocol, Pacific and Sunoco, each accounted for 57%, 35% and 8% of total revenues, respectively.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7142795
From the 10-K MAJOR CUSTOMERS
During 2009 and 2008, the Company had three customers that accounted for all of its sales. In 2009, Pacific, Hocol and Sunoco accounted for 57%, 40% and 3%, respectively. In 2008, Hocol, Pacific and Sunoco, each accounted for 57%, 35% and 8% of total revenues, respectively.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7142795
I got mine..Let's ride!
STTN (.05) I added more because they are giving them away here! LOL
OEDV .03's up now.
OEDV (.03) details
46m O/S as of Nov. 8th.
Fully reporting with assets and revenue.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7543572
OEDV 46m O/S as of Nov. 8th. Fully reporting with assets and revenue.
OEDV (.03) bouncing off of the 52 week low (.02)
OEDV (.03) bouncing off of the 52 week low.
I'll keep adding all day at this discounted price. At some point this will turn a sweet profit!
Smack those .052's. This won't stay this cheap for long.
Added more this morning. Nice payday coming when they let go!
Good luck this week everyone!
I was just telling someone else that STTN is trading exactly like NACF before it gained 400%.
STTN (.059) Info & Charts
All info compiled from rbd317
$0.04 might have been the bottom here as STTN's EPS for the first quarter ended Sep 30, 2010 is $0.01 per share, translating to a forward annual EPS of $0.04 and currently it is trading at a ridiculous P/E of only 1.25 times (at $0.05 per share).
if you extrapolate it with the current P/E of DOW of 13.4 times as of last night's close, then we should be around $0.536 per share. Even at 20% discount (P/E of 10.72), we should be around $0.4288 per share.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56786010
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Key Developments & Valuation (Revenue Growth)
link to the post : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56795491
Revenue Growth...these are recurring revenues...
http://www.sec.gov/Archives/edgar/data/947011/000106299309004441/filename1.htm
At the time of the issuance of the 45m shares, Mr. Bonar had identified four additional customers (which were subsequently engaged by the Company’s subsidiary) for the Company’s new line of business which in aggregate would provide for approximately $57,000,000 in annualized revenue to the Company and estimated net revenues of approximately $9,800,000. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56760040
Proof that the revenue being generated is a recurring (repeating) one and not one time...
http://www.sec.gov/Archives/edgar/data/947011/000106299310000313/filename1.htm
SEC Staff Question to STTN
Citing your basis in the accounting literature, tell us how you measure revenues with respect to your new line of business. In this regard, we note that you referred to $57,000,000 in annualized revenue to the Company and estimated net revenues of approximately $9,800,000.” Tell us how such revenues were recognized in the subsequent Form 10-Q.
STTN Response
The Company recognizes PEO revenues when each periodic payroll is delivered to the client. Revenues are reported in accordance with the requirements of Financial Accounting Standards Board (“FASB”) Emerging Issues Task Force Issue No. 99-19, “Reporting Revenues Gross as a Principal Versus Net as an Agent.” (EITF 99-19). Consistent with its revenue recognition policy, the Company’s net PEO revenues and cost of PEO revenues do not include the payroll cost of its worksite employees. Instead, PEO revenues and cost of PEO revenues are comprised of all other costs related to its worksite employees, such as payroll taxes, employee benefit plan premiums and workers’ compensation insurance. PEO revenues also include professional service fees, which are primarily computed as a percentage of client payroll or on a per check basis.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56761553
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between june 30, 2010 and september 30, 2010, there has been no change in the O/S (which stands at 69m). Mr. Bonar can only sell his 45m restricted shares if he files an SEC form prior to selling.
we all know that the canadian accredited investors have converted their debt to shares and the volume around july 20, 2010 came from them and they already pocketed close to $10m out of debt conversion of $300k during july when the price is at $0.44 per share (P/E of 10x which i believe is the normal valuation for this company given its earnings).
the purposes of the conversion of debt may be as follows:
- for mr bonar to gain control of the company (as the debt belongs to a former director / i think they are Mr Perry's nominees)
- to create liquidity of the shares
- to reduce debt (become debt free)
Bottomline, Mr Bonar acquired the company in unfamiliar/genius way by bringing his PEO (outsourcing) business to the company (some sort of reverse merger) in exchange for those debt conversion (at a price of $10m) and now returning the old business lines (less profitable) to its co-founder Mr Perry in exchange for the cancellation of the debt owed to Mr Perry. (a genius maneuver, i should say and one for the record books).
I guess going forward, unless the company issue more shares to public to generate working capital or acquire new businesses, which I doubt as the company is generating positive cash flows from operations and billings on contracts are periodically being made, we should see the PPS stabilize and return to normal valuation.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56786629
#########################################################################
Less Profitable Business Line Being Spun-Off in Exchange for Cancelation of Debt
Smart-Tek Communications Inc is being returned to founder Perry Law who resigned as President of STTN on March 12, 2010. (http://www.sec.gov/Archives/edgar/data/947011/000106299310000803/exhibit99-1.htm )
http://www.sec.gov/Archives/edgar/data/947011/000106299310002752/prer14a.htm
At the Special Meeting, the Shareholders will vote upon the following:
to approve the sale of the Company’s wholly owned subsidiary Smart-Tek Communications Inc. (SCI) to its president and founder Perry Law.
SCI is in the business of design, sale, installation and service of security technology with electronic hardware and software products. Its projects range from residential and commercial developments to system upgrades and monitoring contracts. For the fiscal year ended June 30, 2009, the SCI Business had revenues of $3.3 million or 100% of our total revenue and net loss of $96K or 100% of our loss. At June 30, 2009, the SCI Business had total assets of $1million or 100% of our total assets. As of nine months year to date March 30, 2010, our SCI Business had revenues of $3,870,683 or 46.4% of total revenue and net income of $1,243 or 0% of total net income. At March 30, 2010, the SCI Business had total assets of $1.6 million or 30.0% of our total assets and liabilities of $2.3 million or 45.8% of our total liabilities.
Consideration for the Sale
The aggregate purchase price of Smart-Tek Communications, Inc. is $821,757 allocated as follows:
(a) $821,756 of the purchase price shall be paid and satisfied by setting-off the Company’s indebtedness to the Perry Law pursuant to a Loan, including all accrued and unpaid interest there under up to the date that the sale close; and
(b) $1.00 of the purchase price shall be paid by Perry Law for transferring 32,817 shares owned by him to the Company and
(c) Purchaser consents to the cancellation of any outstanding options beneficially owned by him.
Update as at September 30, 2010
On September 15, 2010 the Company received comments from the Securities and Exchange Commission to be cleared before a definitive proxy can be distributed.
Note:
The company’s liabilities will be reduced by $821,756; the company will have a treasury stock of 32,817 shares bought at $1.00; and finally, total assets and liabilities of SCI amounting to $1.6 million and $2.3 million respectively will be derecognized in the books of STTN.
############
Very Low Risk of Dilution
O/S Unchanged between June 30, 2010 to September 30, 2010 and as of November 18, 2010
At September 30, 2010, there are 69,314,124 shares of common stock outstanding.
At June 30, 2010, there are 69,314,124 shares of common stock outstanding.
TA's confirmation on NO-CHANGE in the O/S (Nov 18, 2010)
As of today, there are 69,314,124 shares outstanding and 500,000,000 shares authorized.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56848955
From Sep 30, 2010 10Q SEC Filing
http://www.sec.gov/Archives/edgar/data/947011/000120445910002710/form10q.htm
Financing
During the quarter ended March 31, 2010, Smart-tek Automated Services secured a line of credit for $1,000,000 USD from J.P. Chase Manhattan Bank to facilitate its automatic withdrawals from client accounts as well as for the provision of direct deposit services to its clients.
Cash from Operating Activities
We had cash from operating activities in the amount of $260,432 during the three months ended September 30, 2010 as compared to cash provided in operating activities of $57,678 in the comparative period in 2009. Cash from operating activities resulted from the increased revenues from the business of our subsidiaries.
Cash on Hand
We had cash on hand of $675,223 and a working capital deficit of $(392,160) as of September 30, 2010 compared to cash on hand of $57,678 and a working capital deficit of $(1,308,702) for the year ended June 30, 2010.
Note: Working capital deficit also improved to a deficit of $392,160 in September 30 vs $1,308,702. It means the company is generating cash and are able to bill clients in advanced. If you look at Note 9 to the financial statements, they billed $3,979,275 in advanced for uncompleted contracts. Also, company's new line of credit $1m (see above) can easily cover the working capital deficit.
From June 30, 2010 10K SEC Filing
http://www.sec.gov/Archives/edgar/data/947011/000106299310003372/form10k.htm
Smart-Tek Automated Systems Inc.
In connection with the expansion of business operations, we incorporated a subsidiary, Smart-Tek Automated Services, Inc. through which we operate our new line of business. Through Smart-Tek Automated we provide staffing and business processing services to small and medium sized businesses principally located in major business centers in the Unites States. We also provide a variety of financial services including: benefits and payroll administration, health and workers' compensation insurance programs, personnel records management, employer liability management, and full time and temporary staffing services.
Future Financings
Based on the success of the Company’s new business line, management feels that its current operations will generate enough liquidity to satisfy its cash requirements.
########################
why the drop ?? answer here :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56738255
CHARTS
STTN (.059) Info & Charts
All info compiled from rbd317
$0.04 might have been the bottom here as STTN's EPS for the first quarter ended Sep 30, 2010 is $0.01 per share, translating to a forward annual EPS of $0.04 and currently it is trading at a ridiculous P/E of only 1.25 times (at $0.05 per share).
if you extrapolate it with the current P/E of DOW of 13.4 times as of last night's close, then we should be around $0.536 per share. Even at 20% discount (P/E of 10.72), we should be around $0.4288 per share.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56786010
#######################################################################
Key Developments & Valuation (Revenue Growth)
link to the post : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56795491
Revenue Growth...these are recurring revenues...
http://www.sec.gov/Archives/edgar/data/947011/000106299309004441/filename1.htm
At the time of the issuance of the 45m shares, Mr. Bonar had identified four additional customers (which were subsequently engaged by the Company’s subsidiary) for the Company’s new line of business which in aggregate would provide for approximately $57,000,000 in annualized revenue to the Company and estimated net revenues of approximately $9,800,000. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56760040
Proof that the revenue being generated is a recurring (repeating) one and not one time...
http://www.sec.gov/Archives/edgar/data/947011/000106299310000313/filename1.htm
SEC Staff Question to STTN
Citing your basis in the accounting literature, tell us how you measure revenues with respect to your new line of business. In this regard, we note that you referred to $57,000,000 in annualized revenue to the Company and estimated net revenues of approximately $9,800,000.” Tell us how such revenues were recognized in the subsequent Form 10-Q.
STTN Response
The Company recognizes PEO revenues when each periodic payroll is delivered to the client. Revenues are reported in accordance with the requirements of Financial Accounting Standards Board (“FASB”) Emerging Issues Task Force Issue No. 99-19, “Reporting Revenues Gross as a Principal Versus Net as an Agent.” (EITF 99-19). Consistent with its revenue recognition policy, the Company’s net PEO revenues and cost of PEO revenues do not include the payroll cost of its worksite employees. Instead, PEO revenues and cost of PEO revenues are comprised of all other costs related to its worksite employees, such as payroll taxes, employee benefit plan premiums and workers’ compensation insurance. PEO revenues also include professional service fees, which are primarily computed as a percentage of client payroll or on a per check basis.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56761553
#########################################################################
between june 30, 2010 and september 30, 2010, there has been no change in the O/S (which stands at 69m). Mr. Bonar can only sell his 45m restricted shares if he files an SEC form prior to selling.
we all know that the canadian accredited investors have converted their debt to shares and the volume around july 20, 2010 came from them and they already pocketed close to $10m out of debt conversion of $300k during july when the price is at $0.44 per share (P/E of 10x which i believe is the normal valuation for this company given its earnings).
the purposes of the conversion of debt may be as follows:
- for mr bonar to gain control of the company (as the debt belongs to a former director / i think they are Mr Perry's nominees)
- to create liquidity of the shares
- to reduce debt (become debt free)
Bottomline, Mr Bonar acquired the company in unfamiliar/genius way by bringing his PEO (outsourcing) business to the company (some sort of reverse merger) in exchange for those debt conversion (at a price of $10m) and now returning the old business lines (less profitable) to its co-founder Mr Perry in exchange for the cancellation of the debt owed to Mr Perry. (a genius maneuver, i should say and one for the record books).
I guess going forward, unless the company issue more shares to public to generate working capital or acquire new businesses, which I doubt as the company is generating positive cash flows from operations and billings on contracts are periodically being made, we should see the PPS stabilize and return to normal valuation.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56786629
#########################################################################
Less Profitable Business Line Being Spun-Off in Exchange for Cancelation of Debt
Smart-Tek Communications Inc is being returned to founder Perry Law who resigned as President of STTN on March 12, 2010. (http://www.sec.gov/Archives/edgar/data/947011/000106299310000803/exhibit99-1.htm )
http://www.sec.gov/Archives/edgar/data/947011/000106299310002752/prer14a.htm
At the Special Meeting, the Shareholders will vote upon the following:
to approve the sale of the Company’s wholly owned subsidiary Smart-Tek Communications Inc. (SCI) to its president and founder Perry Law.
SCI is in the business of design, sale, installation and service of security technology with electronic hardware and software products. Its projects range from residential and commercial developments to system upgrades and monitoring contracts. For the fiscal year ended June 30, 2009, the SCI Business had revenues of $3.3 million or 100% of our total revenue and net loss of $96K or 100% of our loss. At June 30, 2009, the SCI Business had total assets of $1million or 100% of our total assets. As of nine months year to date March 30, 2010, our SCI Business had revenues of $3,870,683 or 46.4% of total revenue and net income of $1,243 or 0% of total net income. At March 30, 2010, the SCI Business had total assets of $1.6 million or 30.0% of our total assets and liabilities of $2.3 million or 45.8% of our total liabilities.
Consideration for the Sale
The aggregate purchase price of Smart-Tek Communications, Inc. is $821,757 allocated as follows:
(a) $821,756 of the purchase price shall be paid and satisfied by setting-off the Company’s indebtedness to the Perry Law pursuant to a Loan, including all accrued and unpaid interest there under up to the date that the sale close; and
(b) $1.00 of the purchase price shall be paid by Perry Law for transferring 32,817 shares owned by him to the Company and
(c) Purchaser consents to the cancellation of any outstanding options beneficially owned by him.
Update as at September 30, 2010
On September 15, 2010 the Company received comments from the Securities and Exchange Commission to be cleared before a definitive proxy can be distributed.
Note:
The company’s liabilities will be reduced by $821,756; the company will have a treasury stock of 32,817 shares bought at $1.00; and finally, total assets and liabilities of SCI amounting to $1.6 million and $2.3 million respectively will be derecognized in the books of STTN.
############
Very Low Risk of Dilution
O/S Unchanged between June 30, 2010 to September 30, 2010 and as of November 18, 2010
At September 30, 2010, there are 69,314,124 shares of common stock outstanding.
At June 30, 2010, there are 69,314,124 shares of common stock outstanding.
TA's confirmation on NO-CHANGE in the O/S (Nov 18, 2010)
As of today, there are 69,314,124 shares outstanding and 500,000,000 shares authorized.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56848955
From Sep 30, 2010 10Q SEC Filing
http://www.sec.gov/Archives/edgar/data/947011/000120445910002710/form10q.htm
Financing
During the quarter ended March 31, 2010, Smart-tek Automated Services secured a line of credit for $1,000,000 USD from J.P. Chase Manhattan Bank to facilitate its automatic withdrawals from client accounts as well as for the provision of direct deposit services to its clients.
Cash from Operating Activities
We had cash from operating activities in the amount of $260,432 during the three months ended September 30, 2010 as compared to cash provided in operating activities of $57,678 in the comparative period in 2009. Cash from operating activities resulted from the increased revenues from the business of our subsidiaries.
Cash on Hand
We had cash on hand of $675,223 and a working capital deficit of $(392,160) as of September 30, 2010 compared to cash on hand of $57,678 and a working capital deficit of $(1,308,702) for the year ended June 30, 2010.
Note: Working capital deficit also improved to a deficit of $392,160 in September 30 vs $1,308,702. It means the company is generating cash and are able to bill clients in advanced. If you look at Note 9 to the financial statements, they billed $3,979,275 in advanced for uncompleted contracts. Also, company's new line of credit $1m (see above) can easily cover the working capital deficit.
From June 30, 2010 10K SEC Filing
http://www.sec.gov/Archives/edgar/data/947011/000106299310003372/form10k.htm
Smart-Tek Automated Systems Inc.
In connection with the expansion of business operations, we incorporated a subsidiary, Smart-Tek Automated Services, Inc. through which we operate our new line of business. Through Smart-Tek Automated we provide staffing and business processing services to small and medium sized businesses principally located in major business centers in the Unites States. We also provide a variety of financial services including: benefits and payroll administration, health and workers' compensation insurance programs, personnel records management, employer liability management, and full time and temporary staffing services.
Future Financings
Based on the success of the Company’s new business line, management feels that its current operations will generate enough liquidity to satisfy its cash requirements.
########################
why the drop ?? answer here :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56738255
CHARTS
Ddtttttttttttttttttttttttttttttt!!
Morning DDT and Posse!
Great DD post on STTN idFix. Love the way it has held it's ground. Should be some nice profits coming our way! GL
Morning MG, Stockman and Alerters!
Picks Updated. Contest entries are now closed for the week. Good Luck to all!
Updating
I'll go with STTN again this week. Thanks.
Scans 11-26-10
Above Average Volume (0-.10) (Volume >20 & >150 day average, Bullish Accumulation, Volume >200k)
Symbol Exchange Chart Stock Score Price Volume Country
AFYG OTO Chart 59 $0.06 336,207 N/A
ALTUQ OTO Chart 49 $0.01 295,897 N/A
ATIG OTO Chart 49 $0.00 5,109,190 N/A
BESE OBB Chart 52 $0.00 867,241 N/A
CTTD OTO Chart 54 $0.01 221,875 N/A
DFCO OTO Chart 54 $0.01 225,455 N/A
DPFD OTO Chart 40 $0.00 1,818,182 N/A
FRGY OTO Chart 44 $0.00 82,129,408 N/A
GRPS OTO Chart 49 $0.01 2,081,731 N/A
KING OTO Chart 47 $0.00 20,235,956 United States
NBVG OTO Chart 57 $0.00 91,815,744 N/A
PPBL OBB Chart 43 $0.02 632,645 N/A
WIFT OTO Chart 46 $0.00 2,529,077 N/A
WSTM OBB Chart 41 $0.02 257,576 Canada
Record Volume
Symbol Last Change %Change High Low Volume Vol %Change Year Low Year High %Off High
CSCE 0.003 0.002 100.00% 0.007 0.001 20,848,348 7,027.76% 0.000 0.760 99.61 Trade
BKPG 0.011 -0.001 -8.33% 0.012 0.008 2,752,000 753.47% 0.008 0.740 98.51 Trade
TLSYY 13.75 0.03 0.22% 13.85 13.75 2,155,319 1,859.22% 11.50 16.20 15.12 Trade
NATC 0.230 0.020 9.52% 0.280 0.220 1,673,600 188,580.95% 0.000 0.300 23.33 Trade
NASV 0.015 -0.004 -21.05% 0.020 0.015 1,022,962 2,648.72% 0.015 0.200 92.50 Trade
Oversold (0-.10) (Stochostic Oversold, RSI Oversold, MacD Bullish, Volume >200k)
Symbol Exchange Chart Stock Score Price Volume Country
BRVO OTO Chart 40 $0.00 18,790,908 N/A
CBAI OBB Chart 48 $0.00 20,889,644 USA
DGRI OTO Chart 55 $0.01 10,254,212 N/A
EPIX OTO Chart 58 $0.01 201,724 United States
HNSS OTO Chart 61 $0.01 1,815,517 N/A
MLXO OTO Chart 41 $0.01 267,857 N/A
NLAB OTO Chart 8 $0.00 223,256 United States
SFRX OBB Chart 66 $0.01 282,051 N/A
SMMT OTO Chart 39 $0.00 6,192,417 N/A
Oversold (Stochastic - Bullish)
Symbol Last Change %Change High Low Volume Vol %Change Year Low Year High %Off High
NXCO 0.002 0.001 200.00% 0.004 0.001 49,509,691 4,251.08% 0.000 0.082 98.17 Trade
PASO 0.005 0.000 0.00% 0.005 0.005 1,050,000 81.99% 0.005 0.107 95.33 Trade
CLRH 0.006 -0.001 -7.69% 0.006 0.006 812,215 53.99% 0.005 1.99 99.70 Trade
AVTI 0.001 0.000 25.00% 0.001 0.001 702,200 -91.81% 0.000 0.004 86.84 Trade
DPER 0.001 0.000 0.00% 0.001 0.001 400,000 -50.74% 0.000 0.002 66.67 Trade
MAKSY 11.95 0.18 1.53% 12.05 11.95 350,812 365.10% 9.13 13.73 12.96 Trade
CYGX 0.037 0.005 14.46% 0.038 0.032 329,203 132.62% 0.003 0.800 95.35 Trade
AHNA 0.017 0.005 36.00% 0.019 0.015 215,000 288.36% 0.010 0.070 75.71 Trade
AGHD 0.000 0.000 50.00% 0.000 0.000 156,433 -96.22% 0.000 0.050 99.40 Trade
IQMC 0.001 0.000 0.00% 0.001 0.001 100,000 -85.64% 0.000 0.003 75.00 Trade
Scans 11-26-10
Above Average Volume (0-.10) (Volume >20 & >150 day average, Bullish Accumulation, Volume >200k)
Symbol Exchange Chart Stock Score Price Volume Country
AFYG OTO Chart 59 $0.06 336,207 N/A
ALTUQ OTO Chart 49 $0.01 295,897 N/A
ATIG OTO Chart 49 $0.00 5,109,190 N/A
BESE OBB Chart 52 $0.00 867,241 N/A
CTTD OTO Chart 54 $0.01 221,875 N/A
DFCO OTO Chart 54 $0.01 225,455 N/A
DPFD OTO Chart 40 $0.00 1,818,182 N/A
FRGY OTO Chart 44 $0.00 82,129,408 N/A
GRPS OTO Chart 49 $0.01 2,081,731 N/A
KING OTO Chart 47 $0.00 20,235,956 United States
NBVG OTO Chart 57 $0.00 91,815,744 N/A
PPBL OBB Chart 43 $0.02 632,645 N/A
WIFT OTO Chart 46 $0.00 2,529,077 N/A
WSTM OBB Chart 41 $0.02 257,576 Canada
Record Volume
Symbol Last Change %Change High Low Volume Vol %Change Year Low Year High %Off High
CSCE 0.003 0.002 100.00% 0.007 0.001 20,848,348 7,027.76% 0.000 0.760 99.61 Trade
BKPG 0.011 -0.001 -8.33% 0.012 0.008 2,752,000 753.47% 0.008 0.740 98.51 Trade
TLSYY 13.75 0.03 0.22% 13.85 13.75 2,155,319 1,859.22% 11.50 16.20 15.12 Trade
NATC 0.230 0.020 9.52% 0.280 0.220 1,673,600 188,580.95% 0.000 0.300 23.33 Trade
NASV 0.015 -0.004 -21.05% 0.020 0.015 1,022,962 2,648.72% 0.015 0.200 92.50 Trade
Oversold (0-.10) (Stochostic Oversold, RSI Oversold, MacD Bullish, Volume >200k)
Symbol Exchange Chart Stock Score Price Volume Country
BRVO OTO Chart 40 $0.00 18,790,908 N/A
CBAI OBB Chart 48 $0.00 20,889,644 USA
DGRI OTO Chart 55 $0.01 10,254,212 N/A
EPIX OTO Chart 58 $0.01 201,724 United States
HNSS OTO Chart 61 $0.01 1,815,517 N/A
MLXO OTO Chart 41 $0.01 267,857 N/A
NLAB OTO Chart 8 $0.00 223,256 United States
SFRX OBB Chart 66 $0.01 282,051 N/A
SMMT OTO Chart 39 $0.00 6,192,417 N/A
Oversold (Stochastic - Bullish)
Symbol Last Change %Change High Low Volume Vol %Change Year Low Year High %Off High
NXCO 0.002 0.001 200.00% 0.004 0.001 49,509,691 4,251.08% 0.000 0.082 98.17 Trade
PASO 0.005 0.000 0.00% 0.005 0.005 1,050,000 81.99% 0.005 0.107 95.33 Trade
CLRH 0.006 -0.001 -7.69% 0.006 0.006 812,215 53.99% 0.005 1.99 99.70 Trade
AVTI 0.001 0.000 25.00% 0.001 0.001 702,200 -91.81% 0.000 0.004 86.84 Trade
DPER 0.001 0.000 0.00% 0.001 0.001 400,000 -50.74% 0.000 0.002 66.67 Trade
MAKSY 11.95 0.18 1.53% 12.05 11.95 350,812 365.10% 9.13 13.73 12.96 Trade
CYGX 0.037 0.005 14.46% 0.038 0.032 329,203 132.62% 0.003 0.800 95.35 Trade
AHNA 0.017 0.005 36.00% 0.019 0.015 215,000 288.36% 0.010 0.070 75.71 Trade
AGHD 0.000 0.000 50.00% 0.000 0.000 156,433 -96.22% 0.000 0.050 99.40 Trade
IQMC 0.001 0.000 0.00% 0.001 0.001 100,000 -85.64% 0.000 0.003 75.00 Trade
Picks updated. Please respond to sticky post 50087 with your pick.
Updating
Picks updated. Please respond to sticky post 50087 with your pick.
Updating
4 sure but you're right. Everyone's in da same boat!
How was your Turkey Day sir?
Nada..Just got back in town and have to catch up myself.