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Delta, British Colombia (FSCwire) - AirTest Technologies Inc. (“ATI”) (TSXV: AAT) is pleased to announce the Company has signed a Sales Royalty Agreement with Omni Marketing Global.(“OMG”). Under this Agreement, OMG will be eliminating loans and interest owed by ATI for a total debt of $1,013,299. OMG will also advance $1,000,000 of working capital to ATI to be used in developing the business. ATI will pay OMG a royalty on sales monthly effective January 1, 2018 amounting to 5% of sales each month. The monthly royalty payments will be capped at $30,000 per month and the rate of royalty and term of agreement will be reviewed by OMG and ATI on the 3rd anniversary and the 6th anniversary of this Royalty Agreement signing.
According to ATI president George Graham “this agreement will allow us to aggressively pursue our business plan including a very positive marketing program that will enable our Company to take advantage of the growth opportunity we currently enjoy through the promotion of several new wireless products and systems that are unique to our company. At the same time this agreement will help clean up our balance sheet to assist with future financing”.
For further information, please contact:
Mr. George Graham, President
Phone: (604) 517 3888
Fax : (604) 517 3900
Email: ggraham@airtesttechnologies.com
Website: www.airtesttechnologies.com
South African Rand Hits 2 Year High
Very positive for CAF, means the company is getting more money compared to prior quarters once converted from Rand to USD. See chart:
https://www.xe.com/currencycharts/?from=ZAR&to=USD&view=2Y
Canaf appoints Sinclair director, CFO
2018-01-09 17:49 MT - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES APPOINTMENT OF DIRECTOR AND CFO
Canaf Group Inc. has appointed Derick Sinclair as a director and chief financial officer effective immediately.
Mr. Sinclair has more than 25 years experience in accounting and financial management. Mr. Sinclair received his bachelor's degree in commerce from the University of Windsor, Canada, in 1982 and has been a member of the Institute of Chartered Accountants of British Columbia since 1985. He began his accounting career in 1982 as an auditor with KPMG Peat Marwick Thorne and then joined BC Rail, at the time Canada's third-largest railway, as a treasury analyst in 1985. He progressed through BC Rail's finance department and served as its manager of general accounting. He served as a director of fleet management for BC Rail Ltd. from December, 1992, to March, 1996. He was appointed CFO of BC Rail's telecommunications spinout company in 1996, and stayed through two sales in 1998 to RSL Communications Ltd., a global telecommunications company, and in 2001 to SaskTel, a leading telecommunications company in Saskatchewan. He left SaskTel in 2003 to form DR Financial Services, which provides CFO and other services.
Mr. Sinclair is currently the CFO for several privately held, Canadian Securities Exchange- and TSX Venture Exchange-listed companies. His experience as a financial executive with exemplary leadership and understanding of corporate needs and developments gives Canaf great confidence he will achieve a seamless transition replacing Zeny Manalo as the CFO.
© 2018 Canjex Publishing Ltd. All rights reserved.
KFG Resources Ltd. January 2018 Company Presentation - http://kfgresources.com/wp-content/uploads/2018/01/KFG-Resources-Ltd.-January-2018-Company-Presentation.pdf
AAT.V - ATI Airtest Technologies Inc.
www.airtest.ca
Price: $0.035
Common Shares: 34,705,581
Insider Holdings: 9,445,199
Options: 3,165,000 at $0.10
ATI Airtest Technologies is a growing company with revenues increasing and new products ready to be offered. Recently the company announced that they are working to complete a new sales agreement that will give them the ability to remove a substantial amount of debt and allow for a $1 million capital injection for working purposes.
MD&A Highlights (Ending September 30th 2017) – Available On Sedar
The Company has been working to finalize a Sales Royalty Agreement that would eliminate a substantial debt from its balance sheet and also provide a $1 million capital injection into the Company in exchange for a series of sales royalty payments to cover the debt and the subsequent advance. Once this is completed, management will revisit several financial sources in its attempt to conclude a more significant long term financing that will finance our anticipated growth and also enable the Company to aggressively pursue its business plan, which includes the marketing of several new wireless products led by the WiFi Carbon Dioxide sensor developed for the DCV market. There has been a pent up demand for a wireless CO2 product and the Company has developed a unique package of WiFi based products that includes a tested and proven WiFi CO2/Temp sensor/transmitter. We have also introduced our new TR9277-EO wireless CO2 sensor that is powered by ambient light, to be sold to EnOcean Alliance companies. AirTest has exclusive global marketing rights for both these new products.
The Company’s new wireless sensors, RTUiLink package, chiller monitoring package, and dehumidifier monitoring package are just moving into the market and will stimulate abnormal growth commencing in the first half of 2018 provided the necessary working capital is put in place that will allow the Company to aggressively pursue its marketing plan. The new low power CO2 sensor line will also meet some niche market applications and will complement the Company’s existing CO2 sensor offering. The key to executing the Company’s plan for growth will be its ability to finance that growth.
The asset-based loan from Pivot Financial Inc. in Toronto is secured by the Company’s accounts receivable. Both the shareholder loan and the advances from related parties have been advanced to the company from significant shareholders, therefore Company management is of the opinion that there is limited risk exposure with regard to these two financial instruments.
For the quarter ended September 30, 2017 the Company had a 6.5% increase in sales from the same period in 2016. The Company reported a net loss before Other Comprehensive Income, of $91,229 for the quarter ended September 30, 2017 which was 35.9% less than the $142,308 operating loss reported for the quarter ended September 30, 2016.
Sales for the third quarter of 2017 totaled $804,773, up $49,447 or 6.5% above sales for the third quarter of 2016 of $755,326.
Gross Profit on sales amounted to $282,335 in the third quarter of 2017 compared to $307,365 in the third quarter of 2016, a decrease of $25,030 or 8.1%. Gross margin as a percentage of sales decreased by 5.1% from 2016 third quarter numbers. This was due to the fact that the Company’s sales to OEM customers were strong this quarter, however they are the Company’s lowest margin accounts.
Total expenses for the third quarter of 2017 were $373,564 compared to $449,673 for the third quarter of 2016, a decrease of $76,109 or 16.9% over the same period in 2016. This decrease was due to a reduction of expenses both in general and admin as well as marketing.
The Company has been unable to secure non-dilutive long term financing. However management has negotiated a Sales Royalty Agreement with a major debt holder who was prepared to write off the debt and advance $1 million working capital. This agreement would see the debt holder’s commitment repaid over time, however the agreement has not been finalized as of the end of the Third Quarter. Because of the delay in closing the Sales Royalty Agreement management had to arrange two additional short term loans to assist with peak cash demand periods. The SRA is expected to conclude in the fourth quarter of this year and would provide enough liquidity for the Company to aggressively pursue its marketing plan through the next few months. Management would then be in a strong position to raise substantial long term financing to provide the necessary capital to execute their marketing plan, to cover the anticipated growth, and also to finance some important product development projects that will also have a positive impact on future revenues.
GPC isn't just your typical cyprtocurrency stock. This company already owns numerous cash flow positive ventures including many rental properties. They made their first profit last quarter of $128K. Now their reinvesting all their profits into new ventures like BitBlox.
Symbol C : GPC
Shares Issued 30,910,256
Close 2017-11-28 C$ 0.055
Recent Sedar Documents
View Original Document
Gunpowder Capital earns $128,132 in Q3 2017
2017-11-28 08:49 MT - News Release
Mr. Frank Kordy reports
GUNPOWDER CAPITAL CORP., RELEASES RESULTS FOR THIRD QUARTER 2017, POSTS FIRST EVER QUARTERLY PROFIT
Gunpowder Capital Corp. has released a summary of its financial results for the three and nine months ended Sept. 30, 2017. Key highlights include:
The corporation posted its first-ever quarterly profit, which amounted to $128,132. This result was heavily driven by the successful completion of one of the company's go-public mandates; and while the company continue to build out recurring revenues, these large gains tied to go-public work are expected to continue and add large quarterly spikes in revenue and profit when completed.
Q3 2017 revenues increased to $680,501 from $45,336 in Q3 2016, representing a 1,401-per-cent increase.
Q3 2017 revenues increased to $680,501 from $255,184 in Q2 2017, representing a 167-per-cent increase for the three-month period.
Year-to-date 2017 (first nine months) revenues were $1,029,876 versus $79,725 for the first nine months of 2016, representing a 1,192-per-cent increase.
Q3 2017 fully diluted earnings per share improved to nil versus a fully diluted loss of three cents recorded for the same time period last year.
Total assets increased to $7,739,972 in Q3 2017 from $2,838,587 as at Dec. 31, 2016, representing a 173-per-cent increase.
The corporation's interim unaudited condensed consolidated financial statements and management discussion and analysis for the three and nine months ended Sept. 30, 2017, and 2016 have been posted both on the corporation's SEDAR profile page and on the corporation's website.
Paul Haber stated: "Our business model has both demonstrated and as shown continued momentum in Q3 2017, and we expect the momentum in our business to continue. Despite the fact that our business model is still in its infancy, the corporation recorded year-to-date revenues of $1,029,876, which is a corporate record. Furthermore, I am very pleased that the corporation posted its first-ever quarterly profit. I, and the rest of the business development team, remain focused in sourcing revenue generating assets to acquire and seeking out profitable business deals that the corporation can enter into."
Frank Kordy stated: "I'm extremely pleased by the very strong performance that occurred in Q3. As I previously stated at our AGM [annual general meeting], since making key operational and structural changes to the corporation, we have gained substantial momentum in our business model throughout fiscal 2016 and, thus far, throughout fiscal 2017. This momentum is reflected in the dramatic increase in the corporation's total assets ledger and can easily be seen by the corporation's rapidly increasing revenue streams. The management team will continue to work hard in advancing the corporation forward, and we will remain focused on increasing the corporation's asset pool and incoming revenue streams."
About Gunpowder Capital Corp.
Gunpowder Capital is a merchant bank and advisory services firm based in Toronto, Ont., Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder offers debt financing (including mezzanine and bridge loans), equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long-term position and view.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Gunpowder Invests in BitBlox Technologies Inc.
2018-01-08 06:58 MT - News Release
Toronto, Ontario--(Newsfile Corp. - January 8, 2018) - Gunpowder Capital Corp. (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) ("Gunpowder" or the "Corporation") announced today that it has entered into agreements with BitBlox Technologies Inc., ("BitBlox") a new generation Cryptocurrency Mining and Technology Company focused on the mining of Ethereum, BitCoin and Zcash cryptocurrencies and the development of cryptocurrency technologies.
Next generation cryptocurrency mining is a high value enterprise approach using computing and cryptography to solve complex mathematical transactions. Successfully verified transactions get added to a public ledger, more commonly known as the blockchain. Individual blocks added by cryptominers, like BitBlox, are called a proof of work (POW) and results in the release of new currency or "coins" — which are the incentive for miners participating on the network.
Gunpowder Capital Corp., has participated in BitBlox's recent non-brokered Token Unit financing which was sold directly by Bitblox to accredited investors. Each Token Unit consists of one Token and one common share purchase warrant, which is automatically exercised for no additional consideration into one common share of Bitblox immediately prior to a liquidity event of Bitblox. The Token also has the right, on a pro-rata basis, to participate in Bitblox's profit sharing program, which can reach up Thirty-five percent (35%) of the quarterly profit of Bitblox as determined by Bitblox's Board of Directors.
Gunpowder purchased 100,000 Token Units at price of $0.05 CDN per Token Unit for a total commitment of Twenty Thousand ("$20,000.00") CDN. BitBlox raised a total of Three Hundred Sixty-Three Thousand Dollars ("$363,000.00") CDN in this recent round.
GPC has also been retained by BitBlox for a fee of Five Thousand ("$5,000.00") CDN per month to provide BitBlox back office administration support. Commencing at some point in Q1 of 2018, it is anticipated that BitBlox will also retain GPC to act as a financial advisor to BitBlox.
Mr. Paul Haber Stated: "Cryptocurrencies are perhaps the most exciting sector in the markets today and we are extremely pleased to be working with BitBlox Technologies Inc. We feel that Cryptocurrency Mining is a big opportunity for those with the right strategy and BitBlox has an effective strategy in place to reduce the costs associated to power a mining operation which can be vast. Between the costs of dedicated hardware, the power and cooling needed to support it, and the connectivity needed to contact Cryptocurrency networks, there's a balance to find between the costs of mining and the potential gains. We feel BitBlox has found that balance and that BitBlox has an effective strategy in place to cap the costs associated in the mining process and therefore we anticipate that BitBlox has the potential in becoming highly profitable faster than its competitors."
About BitBlox Technologies Inc.
BitBlox Technologies Inc. is building a high value cryptocurrency enterprise. BitBlox mines cryptocurrencies, such as Ether and ZCash, and offers value-added technology services for the cryptocurrency market, such as crypto-mining proprietary software.
Offering a complete ecosystem of value-creation, BitBlox cryptocurrency mining will provide the basis for an innovative token product that is monetized according to mining profit margins. A percentage of these profits will be invested in the development of a proprietary Artificial Intelligence ("AI") based technology. Overall, BitBlox takes an approach that enables the company to scale, and respond to changing conditions, within the still-emerging cryptocurrency industry.
Part of a wave of emerging technologies, cryptocurrencies are indivisible from a new virtual economy that is powered in part by smart contract and other AI-based integrations. Cryptocurrency and value mining are central to this new paradigm. Taking a robust and diversified business approach, BitBlox Technologies Inc. is poised to capture value in successive phases as this industry continues to scale.
For more information please visit: www.bitbloxtechnologies.com.
About Gunpowder Capital Corp.
Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com.
For further information please contact:
Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: (647) 466-4037
E: frank.kordy@gunpowdercapitalcorp.com
Mr. Paul Haber
CFO
Gunpowder Capital Corp
T: (416) 363-3833
E: paul.haber@gunpowdercapitalcorp.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
— 30 —
© 2018 Canjex Publishing Ltd. All rights reserved.
Just to note, this director owned no stock whatsoever and was getting paid a decent salary every year. Time to put in someone more serious that's willing to take a share position in CAF.
2018-01-04 13:33 MT - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES SAD LOSS OF ZENAIDA MANALO
Canaf Group Inc. is deeply saddened about the sudden passing of Zenaida (Zeny) Manalo.
Ms. Manalo was appointed chief financial officer of Canaf in June, 2010, and was a dedicated member of the corporation. She was much respected and liked by all who dealt with her and will be greatly missed by many. The corporation extends to Ms. Manalo's family and friends its deepest sympathies and is grateful for all the years of service she gave to Canaf.
The company is in the process of identifying a replacement for the vacancy she leaves, and further announcements will follow in due course; in the interim, her duties are being taken care of by other members of the executive team.
© 2018 Canjex Publishing Ltd. All rights reserved.
CAF.V Subsidiary Information - Quantum Screening & Crushing
http://www.canafgroup.com/s/QuantumScreening.asp
Canaf Group owns 100 percent of Quantum Screening and Crushing (Proprietary) Limited, ("Quantum"), a private South African company that focuses on anthracite beneficiation.
Quantum produces calcined anthracite, a product used primarily as a substitute to coke in the manufacturing process of steel and manganese. The company's two largest clients are world leaders in steel and ferromanganese production, namely ArcelorMittal and BHP Billiton respectively. Quantum has an operation near Newcastle, KwaZulu Natal, where its two kilns operate, de-volatising the raw material anthracite, known as calcining. The majority of Quantum's feedstock anthracite is supplied by the neighbouring Springlake Colliery, which has reserves in excess of 20 years.
Calcining is a process whereby anthracite coal is fed through a rotary kiln, at temperatures between 850 and 1100 degrees centigrade; the volatiles are burnt off and the effective carbon content increased. The final product, referred to as 'calcined anthracite' is used as a coke substitute. Calcined anthracite is used as a reductant in the manufacture of steel and manganese, as well as other sintering processes. Quantum, through its wholly owned subsidiary Southern Coal (Proprietary) Limited, ("Southern Coal") has been profitably carrying on this business since 2004.
Location and Plant
Quantum is situated in Newcastle, KwaZulu Natal, South Africa. The majority of the feedstock anthracite is supplied by Springlake Colliery which has reserves in excess of 20 years, whose coal siding is strategically located adjacent to Quantum's facility.
Quantum runs two independent lines of production which each consist of pre-heating stage feeding a main rotary kiln. The raw material, anthracite is feed into an electrically heated rotary pre-heater, which raises the temperature of the product to about 800 degrees C. The pre-heated (and red hot) anthracite is then fed into the main, refractory lined, rotary kiln. It is at this stage of the process that extra raw material is added to the main kiln. The temperature of the main kiln is then controlled to remain above 1000 degrees C so that calcination of the anthracite occurs and maximum amount of volatile matter is burnt off.
The final stage of the process involves the oxidization of any excess volatiles in the after-burners/oxidizers, before emission to the atmosphere.
Screening and Crushing Plants
Since the Company acquired Quantum in 2007, significant investment has been made in crushing and screening equipment. Quantum now has the ability to offer existing and potential customers a range of size productsm which subsequently opens up other markets.
Quantum has 2 independent screening plants, which are capable to dry screen down to sizes as small as 6mm.
Profitability, Performance and Expansion Program
Quantum Screening and Crushing has been operating profitably since the Company acquired it in 2007.
Quantum Screening and Crushing has built up a fine reputation for product quality and reliability of supply, which has earned the respect and preference from two of the major steel and manganese producers in the world. Canaf believes that as long as Quantum maintains its focus on its core values, coupled with the ever-increasing demand of calcined anthracite as a replacement to coke in the reductant market, that the business will continue to expand and potentially become one of the major reductants and low volatile reductant suppliers on the continent.
typo, $750K CDN profit over 9 months not $1.1 mil CDN.
CAF.V is starting to gain momentum as a bunch of news is coming down the pipeline in the next 60-90 days. Remember, this is easily the most undervalued earnings based company on the venture exchange. Trading at a 3.3X multiple(similar companies are 15-20X), and with an Asset/Debt Ratio of roughly 3:1, leveraged towards the USD. Just over 47 million shares outstanding with 33% insider held. CAF refines coking coal used for the steel industry, not typical coal that you find everywhere for burning. It's a special type of coal that only makes up 1% of the world coal reserves. BHP Bhiliton is Canaf's long term client and the largest producer of coking coal in the world, so it's very dependent even on a small company like CAF.
What to expect in 90 days:
- Year End Results February 2018
- Q1 2018 Results March 2018
- Update on a major deal that was announced in the MD&A
CAF has already generating $1.1 million CDN in profit for 2017 over 9 months. In their MD&A it clearly states that Q3 was a weaker quarter and that Q4 2017 and Q1 2018 will have increased sales which will obviously generate larger profits. Recently South Africa had an election and the new leader is very pro business and could usher in major reforms to make South Africans companies more profitable.
All information can be found on Sedar for those that want to confirm all this.
January 2018 Article By Simply Wallstreet
Evergreen Gaming Corporation (TSXV:TNA)
Evergreen Gaming Corporation engages in the gaming operations in the United States. Evergreen Gaming is headed by CEO Dawn Mangano. It currently has a market cap of CAD CA$21.05M placing it in the small-cap category
TNA’s stock is now floating at around -69% below its true value of $0.56, at the market price of $0.17, based on my discounted cash flow model. The discrepancy signals an opportunity to buy low. Moreover, TNA’s PE ratio is currently around 9x compared to its hospitality peer level of 16.3x, meaning that relative to its comparable set of companies, TNA’s stock can be bought at a cheaper price. TNA is also in great financial shape, with short-term assets covering liabilities in the near future as well as in the long run. It’s debt-to-equity ratio of 49% has been diminishing over the past couple of years showing its ability to reduce its debt obligations year on year.
https://simplywall.st/stocks/ca/materials/tsx-asr/alacer-gold-shares/news/best-cheap-stock-in-january/
Spectra CFO acquires SPI debenture, preferred shares
2017-12-20 12:58 MT - News Release
Mr. Andrew Malion reports
SPECTRA INC. ANNOUNCES CFO PURCHASES CONVERTIBLE PREFERRED SHARES AND DEBENTURE OF SPECTRA PRODUCTS INC.
CABE Financial Corp. has acquired the royalty debenture and convertible preferred shares held by Dynamic Venture Opportunities Fund in Spectra Inc.'s partially owned subsidiary company, Spectra Products Inc. (SPI), as well as 1,315 common shares in SPI also owned by Dynamic Venture Opportunities Fund.
The president, and a shareholder, of CABE is Glen Campbell, a director, chief financial officer and chairman of both Spectra and SPI.
CABE has also agreed, after completion of the transaction, to amend the terms of the convertible preferred shares to waive the right of CABE to convert such convertible preferred shares to 1,000 common shares of SPI. This waiver ensures Spectra's 67.73-per-cent ownership percentage in SPI will not be reduced in the future as a result of the conversion right previously attached to convertible preferred shares.
CABE further agreed, after completion of the transaction, to extend the date upon which the convertible preferred shares could be called for redemption. Currently, this date is May 31, 2018. The retraction privileges will now be amended to a series of dates extending into 2020. These extended retraction dates will allow SPI to better manage its cash flow to enable it to meet these new redemption dates.
The transfer of ownership to CABE of the 1,315 common shares in SPI, the royalty debenture and the convertible preferred shares was approved by the board of directors of both Spectra and SPI.
Spectra, through its subsidiary, SPI, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, the visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme pressure lubricants.
© 2017 Canjex Publishing Ltd. All rights reserved.
Evergreen sells Tukwila property for $1.95M (U.S.)
2017-12-13 15:48 MT - News Release
An anonymous director reports
SALE OF TUKWILA REAL ESTATE
Evergreen Gaming Corp. has sold real estate located at 14027 Interurban Ave. South, Tukwila, Wash., 98168. This was the location of the casino that ceased operations in February of 2017. No revenue-generating use was found for the property after the closure, so it was listed for sale. The sale of real estate closed on Nov. 30, 2017, for $1.95-million (U.S.). The mortgage and a note attached to the property were paid off from the proceeds of the sale.
© 2017 Canjex Publishing Ltd. All rights reserved.
Year Revenue($USD) Profit/Loss $USD) Assets ($USD) Liabilities ($USD) Asset/Debt Ratio
2012(Q1-Q4) $25,958,829 -$445,775 $15,736,142 $13,561,034 1.16
2013(Q1-Q4) $28,341,631 $1,344,683 $15,870,890 $12,351,098 1.28
2014(Q1-Q4) $30,555,757 $2,720,669 $18,143,126 $11,902,666 1.52
2015(Q1-Q4) $33,338,543 $3,933,883 $19,613,905 $9,439,562 2.08
2016(Q1-Q4) $33,326,624 $1,909,408 $23,922,129 $11,838,378 2.02
2017(Q1-Q3) $23,451,331 $2,012,248 $26,871,601 $12,775,602 2.10
Notes: 1) 2017 Revenue Higher Than 2016 Revenue Over 9 Months
2) 124,716,865 Common Shares With 77.51% Insider Held
3) Tukwila Casino Sold For $1.95US To Horizon Ford. Property unused for most of 2017
Sunora Foods Q3 Results ( Ending September 30th 2017 )
All Information Below Can Be Found At www.sedar.com
Price: $0.15
Common Shares: 42,254,332
Retail Shares Available: 12,254,332
Insider/Institutional Holdings: 71% total, as per information circular. CEO holds 52%
Website: www.sunora.com
Balance Sheet For Q3
ASSETS
Cash: $3,139,881
Accounts Receivable: $992,672
Inventory: $351,977
Prepaid Expenses: $11,011
Goods & Services Tax Recoverable: $7,331
Income Tax Recoverable: $141,767
Deferred Tax Asset: $159,545
Total Assets: $4,804,184
LIABILITIES
Accounts Payable: $852,584
Customer Deposits: $56,328
Total Liabilities: $908,912
Quarter – Sales – Profit
Q1 2017 - $3,480,230 - $55,560
Q2 2017 - $3,164,688 - $82,525
Q3 2017 - $3,396,872 - $20,118
Year – Sales – Profit/(Loss) – Additional Information
2017(Q1-Q3) - $10,041,788 – ($156,499) –Loss from $434,000 settlement(2015 Dispute)
2016 - $12,254,101 - $282,794 - Currency loss of $34,000 or else net income was stable
2015 - $10,815,959 - $502,182 - Net income of $200,000 affected by currency exchange
2014 - $13,235,038 - $189,073 - Listing expenses incurred from merger with capital pool
MD&A Highlights
Outlook
Management is actively identifying and analyzing operations that might increase gross margins for the Company. Prospective businesses considered include packagers and suppliers in the food oil industry. With each operation identified, a detailed review and analysis is undertaken by management. Specific focus is currently on packagers with operations in Canada that are looking for a strategic partner to expand international operations.
Management is also actively considering possible new products that may benefit from its contacts in domestic and international markets. With the continuing positive momentum in the United States economy and new customers being added in Asia, Sunora is well placed for the future.
Sunora maintains good relationships with customers in North America and overseas. These relationships continue to drive demand for food oil products from Canada, with Sunora well positioned to meet existing and additional demand. Management has focused on increasing visibility in emerging markets, with a specific focus on the economies in Asia, with a view to meet this increased demand for Canadian manufactured food oil products. Sunora’s operations are impacted by geopolitical situations that may hold up deliveries as was experienced in recent quarters. As the middle class in these emerging economies demands higher quality and healthier foods, Sunora is well positioned to meet additional demand.
Sunora had 14% higher sales for the nine-month period ended September 30, 2017 than the comparative nine- month period. Sales were positively impacted by stronger results in the United States and Canada and continued positive momentum overseas.
The loss and comprehensive loss for the nine months ended September 30, 2017 was primarily the result of the settlement of a trading dispute. The income from operations before taxes and the claim was $201,643 compared to $282,583 for the same period of 2016. Although sales were 14% higher, gross margin declined from 8.9% to 7.0% in this nine-month period. Gross margin percentage declined because of a higher proportion of bulk oil sales.
The legal settlement arises from a statement of claim filed against the Corporation in 2015 by one of its vendors, who alleged that Sunora wilfully did not accept deliveries of soybean oil pursuant to a contractual arrangement. The vendor claimed USD $506,798 in damages relating to losses allegedly suffered. Sunora denied responsibility for such a claim. However, on the recommendation of legal counsel, management settled the claim for CDN $390,000 to be paid by August 31, 2017. The claim settlement comprises a full provision for the claim including already incurred and expected legal fees.
Canola Council of Canada completes successful China trip
https://www.manitobacooperator.ca/news-opinion/news/canola-council-of-canada-completes-successful-china-trip/
Canola Council of Canada completes successful China trip
Group took part in a Canadian trade mission led by federal ag-minister Lawrence Macaulay
The Canola Council of Canada (CCC) is feeling pleased as it prepares to return to Canada following a trade mission to China.
“We feel we’ve had a very successful week of promoting canola in China. As you know it’s a very important market, it’s a growing market for canola,” said Jim Everson, president of CCC, over a conference call from China on Nov. 20.
The group took part in a Canadian trade mission led by Federal Agriculture Minister Lawrence MacAulay. CCC hosted several events while there, including a canola dialogue in Beijing Monday. The dialogue was capped off with the signing of a Memorandum of Understanding (MOU) between the Canola Council of Canada and China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products (CFNA).
The MOU is a co-operative arrangement to share information between the two organizations. As well Everson said there will be co-operation on future events held in the two countries by the organizations.
“The CFNA will undertake to assist us in reaching out to different officials in the Government of China and different industry people,” he said.
However the MOU didn’t include any commitments with respect to canola volumes or guarantees in regards to trade.
China is one of the largest markets for Canadian canola. In 2016, C$2.7 billion worth of canola was exported to China, according to CCC. China imported 4.8 million tonnes of Canadian canola in 2016, including 3.5 million tonnes of seed, 600 thousand tonnes of oil and 660 thousand tonnes of meal.
Last week CCC hosted two other events in Guangzhou – a canola meal seminar and canola oil media event.
The canola meal seminar focused on research about how canola meal-fed pigs grow as well as soybean meal-fed pigs.
“(Chinese feed millers were) able to go away from this seminar with an understanding of inclusion levels of up to 30 per cent canola meal, which is at least double what they are presently putting into (swine rations),” said Bruce Jowett, vice-president of market development with CCC, over the conference call.
The canola oil event was designed to teach the Chinese media about the reported nutritional and health benefits of canola oil. Speakers were able to tell the media about the role canola oil can have to help in regards to cardiovascular disease (which is a leading cause of death in China), and diabetes (which 20 per cent of the Chinese population has).
“So connecting the challenges that they have with a product such as canola oil and how it can benefit the Chinese population,” Jowett said.
Other trade issues such as the ongoing blackleg issues were talked about briefly as well during the trip.
“The subject came up. But really only in terms of going over again or repeating the commitment that we have each made from the Chinese side and the Canadian side to taking efforts jointly to mitigate against any kind of concerns with blackleg being transferred from Canada to China,” Everson said.
Tukwila Casino Sold For $1.95 Million USD
http://www.horizonford.com/seattle-ford-moving
http://www.sterlingrealestate.idxbroker.com/idx/details/listing/b259/583212/14027-Interurban-Ave-S-Tukwila-WA-98168
Comparing the address of the Tukwila listing and the new location of this Ford dealership, they are identical.
From TNA.V’s the most recent MD&A (found on Sedar)
Page 6:
On August 5, 2015, the Company refinanced the first position note payable to a third party secured by the property at 14027 Interurban Ave S. Tukwila, WA. A new 10-year $720,000 loan at Banner Bank carries a 5% fixed interest rate for the first five years, with monthly payments of $7,659. In years 6-10, the rate will be calculated based on the Bullet Rate for the 5-year FHLB Fixed Rate Advances (the “Index”) plus a margin of three percentage points (3.0%). If the Index rate changes, the amount or number of monthly payments and/or the final payment amounts may change to accommodate the change in interest rate. The interest rate may not fall below the initial 5%, and its maximum is limited by law. This action pays off the 9.5% interest rate loan that was in place, reducing the monthly payment by $1,252 per month.
Page 1:
The Company has entered into an agreement to sell the real property where Palace Tukwila was located for $1,950,000. The buyer has made a $50,000 earnest money deposit and the sale is supposed to close on or before November 30, 2017.
Evergreen Gaming Corporation Q3 Results (Ending September 30th 2017)
All Information Can Be Found On SEDAR – www.sedar.com
Previous Closing Price: $0.14
Common Shares: 124,716,865
Insider/Institutional Holdings: 95,967,855 or 77.51%
Retail Shares Available: 28,749,010 or 22.49%
Financial Results (All Numbers In USD)
ASSETS
Property, Plant & Equipment: $10,531,011
Goodwill: $6,435,481
Trademarks: $1,185,000
Game Licenses: $60,667
Deposits: $27,110
Inventories: $168,011
Accounts Receivable: $37,196
Other Assets: $224,477
Cash, restricted: $2,758,138
Cash: $5,444,510
Total Assets: $26,871,601 USD
LIABILITIES
Deferred Tax Liabilities: $348,000
Notes Payable: $6,573,585
Other Payables: $5,460,159
Notes Payable: $393,858
Total Liabilities: $12,775,602 USD
3 Month Results USD
Revenue: $8,554,697
Net Income: $627,304
9 Month Results USD
Revenue: $26,196,124
Net Income: $2,012,248
9 Month Revenue convert into CAD and Earnings Per Share
USD-CAD-1.27 as of November 16th 2017
$2,012,248 X 1.27 = $2,555,554.90 CAD
$2,555,554.90 / 124,716,865(common shares) = $0.0205 over 9 months
14. SUBSEQUENT EVENTS
The company has entered into an agreement to sell the real property where Palace Tukwila was located for $1,950,000. The buyer has made a $50,000 earnest money deposit and the sale is supposed to close on or before November 30, 2017. The company has mortgages on the property with balances of $1,054,956 as of September 30, 2017 which would be paid in full if the sale is completed. The book value of the property being sold is $1,434,184 as of September 30, 2017.
**NOTE** - Tukwila was closed February 4th and has not generated any revenue since then. This will reduce liabilities substantially and give the company additional operating capital.
TNA.V MD&A Highlights
Overall Performance Current quarter compared to prior year
Net revenue for the quarter ended September 30, 2017 was $8,554,697, an increase of $108,190 compared to the same period in the prior year. Gaming dollars dropped were 11.3% higher than the prior year quarter but that increase was offset by a lower hold percentage of 1.8%. The income from operations was $1,042,536 compared to $971,941 in the prior year quarter. This increase was due to the increase in net revenues partially offset by an increase in operating expenses of $37,595. The labor and benefit expenses increased due to an increase in the minimum wage, but that increase would have been even higher except for the closing of Palace Tukwila on February 4, 2017.
Net income before taxes was $967,761 compared to $836,569 in the same quarter of 2016, a $131,192 increase. The increase was due to the higher income from operations and lower finance costs due to paying off outstanding indebtedness.
Working capital at September 30, 2017 was $2,778,315 compared to working capital of $1,744,546 at December 31, 2016. With sustained healthy revenues and ongoing game protection and expense controls, management expects continued profitable operations sufficient to exceed the cash demands necessary for the company to meet its future obligations.
The Company’s assets at September 30, 2017 totaled $26,871,601 compared to total liabilities of $12,775,602. At December 31, 2016, total assets were $23,922,129 compared to total liabilities of $11,838,378.
The Company’s cash at September 30, 2017 was $8,202,648, compared to $4,563,587 at December 31, 2016. These amounts include “Restricted Cash” balances of $2,758,138 and $914,071 respectively. “Restricted Cash” balances are jackpot funds held for prizes being offered at the casinos. Cash provided by operating activities for the quarter ended September 30, 2017 was $1,615,226 compared to $471,994 for the quarter ended September 30, 2016.
Additional Information Can Be Found On SEDAR
Director Glen Campbell was the buyer of the 500,000 shares at $0.025.
https://www.canadianinsider.com/company?menu_tickersearch=SSA%20%7C%20Spectra
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Nov 10/17 Nov 8/17 Campbell, Glen Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.025
First time I've come across this document. It tells you all about DVOF and all their holdings. Spectra makes up 2.3% of their fund and they own common shares, debentures and preferred shares in both the holding company and subsidiary. This means that DVOF is very intertwined with Spectra Inc and must see it workout for the sake of their investors.
http://docmgt.dynamic.ca/documentdownload/getdocument/606
Page 8, 10, 11, 13 has information on Spectra. DVOF slightly increased their position in the subsidiary year over year.
SSA.V - Spectra Inc. Q3 Results (Financials + MD&A)
Ending September 30th 2017
Current Stock Price: $0.025
Common Shares: 60,509,971
Insider Holdings: 6,355,591 or 10.5%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder
ASSETS
Cash: $145,467
Accounts Receivable: $200,840
Inventories: $162,585
Prepaid Expenses: $17,862
Equipment: $2,072
Total Assets: $528,826
LIABILITIES
Accounts Payable: $123,630
Royalty Debenture: $625,475 (Owed To DVOF)
Convertible Debenture: $568,131 (Owed To DVOF, Due August 2019)
Total Liabilities: $1,407,246
Sales By Region For 2017(Q1-Q3)
Canada: $708,782 (Last Year - $793,476)
China: $28,894 (Last Year - $0)
United States: $594,916 (Last Year - $413,175)
Total Sales: $1,332,592 (Last Year - $1,206,651)
Revenue/Profit Over Last Four Years
2014 - $1,440,000 - $45,000
2015 - $1,820,000 - $189,000
2016 - $1,550,000 - $152,000
2017 - $1,333,000 - $191,000 (9 Months Only, Q4 Out In March 2018)
In 2017, the Company derived 45% (2016 – 34%) of its revenue from sales to the United States and 2% of its sales from China (2016 – 0%). The Company’s equipment is located in Canada.
In 2017, the Company derived sales from three customers amounting to 53% of the total sales revenue (2016 – three customers amounting to 38% of the total revenue).
MD&A Highlights
Capital Disclosures
The Company’s capital structure is comprised of interest bearing debt, a royalty debenture and shareholders’ deficiency. There are no restrictions on the Company’s capital. In order to maintain and adjust its capital structure, the Company may issue share capital, issue new debt and refinance existing debt.
Three months ended September 30, 2017
Revenue for the three months ended September 30, 2017 increased by 26 percent to $432,186 compared to revenue of $342,034 for the three-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $121,566 to $138,882; Brake Safe® from $141,749 to $193,172; Zafety Lug Lock® from $36,156 to $63,035; and Hub Alert® from $4,788 to $5,248; offset by decreases in sales of Brake Inspector® from $8,843 to $2,244; Arrow Logger® from $888 to $361 and sundry income from $29,820 to $29,244.
Nine months ended September 30, 2017
Revenue for the nine months ended September 30, 2017 increased by 10 percent to $1,332,592 compared to revenue of $1,206,651 for the nine-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $370,212 to $424,223; Brake Safe® from $539,762 to $583,496; Zafety Lug Lock® from $142,217 to $158,983; Hub Alert® from $18,474 to $23,253; and sundry income from $96,001 to $121,389; offset by decreases in sales of Brake Inspector® from $37,609 to $19,603 and Arrow Logger® from $2,376 to $1,645.
Gross Profit:
Three months ended September 30, 2017
Gross profit increased by $11,822 for the three months ended September 30, 2017 to $224,690 or 52 percent of revenue from a comparable $212,868 or 62 percent of revenue for the three months ended September 30, 2016.
OUTLOOK
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets. As well the Company is seeking out new product to complement other wheel end safety products, Brake Safe®, Hub Alert® and Zafety Lug Lock®
Spectra Products Inc. is the only company in North America that provides one stop shopping for wheel end safety products in the transportation industry. Brake Safe® addresses the number one out of service violation in North America during road side inspections being brakes out of adjustment. Zafety Lug Lock® and Hub Alert® address the very serious wheel off situation of trucks and trailer losing a wheel and impacting another vehicle causing major damage or potentially causing fatalities.
The Company’s Brake Safe® product is well established in the Canadian market and as previously reported Spectra Products Inc. is executing its strategy to expand its Brake Safe® visual brake stroke indicator and diagnostic tool into the lucrative U.S. Transportation Industry. The brake violation issues are receiving a tremendous amount of attention from U.S. media as well as increased enforcement resulting in vehicles being put out of service and affecting Fleet safety records. This growing awareness is having a very positive impact on sales of Brake Safe® in the U.S. market.
The Company’s Termin-8r®product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 for a major supplier to the commercial transport industry, is proving to be a strong performer with 2017 private label sales, by dollar amount, now being 81% of total Termin-8r®product sales compared to 71% of total sales during the same period in 2016.
Huge insider buying today:
https://app.tmxmoney.com/research/insidertradesummaries?locale=EN
Insider Trade Summaries
Last Updated: November 8, 2017
Top 10 Stocks By Net Buys Volume
Symbol Company Name Insider Buys Volume Insider Sells Volume Net Buys Volume
SSA Spectra Inc. 500,000 0 500,000
MOX Morien Resources Corp. 206,500 0 206,500
PGZ Pan Global Resources Inc. 79,500 0 79,500
PFC PetroFrontier Corp. 74,000 0 74,000
IQ AirIQ Inc. 53,000 0 53,000
RKR Rokmaster Resources Corp. 50,000 0 50,000
EMO Emerita Resources Corp. 47,000 0 47,000
MTU Manitou Gold Inc. 44,000 0 44,000
FLY FLYHT Aerospace Solutions Ltd. 37,300 0 37,300
WTR Westcore Energy Ltd. 33,500 0 33,500
Top 10 Stocks By Net Buys Value
Symbol Company Name Insider Buys Value $ Insider Sells Value $ Net Buys Value $
MOX Morien Resources Corp. 128,030 0 128,030
FLY FLYHT Aerospace Solutions Ltd. 74,451 0 74,451
NVO Novo Resources Corp. 39,840 0 39,840
BCM Bear Creek Mining Corporation 26,720 0 26,720
PGZ Pan Global Resources Inc. 13,508 0 13,508
ORE Orezone Gold Corporation 13,000 0 13,000
SSA Spectra Inc. 12,500 0 12,500
RNP Royalty North Partners Ltd 11,844 0 11,844
IQ AirIQ Inc. 9,010 0 9,010
RUP Rupert Resources Ltd. 8,645 0 8,645
Spectra Inc. Reports Third Quarter 2017 Results
For Immediate Release – November 8, 2017
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the first nine months of 2017. Revenues for the nine-month period ending September 30, 2017 were $1,332,592 compared to $1,206,651 for the same period in 2016. Revenues for the third quarter ending September 30, 2017 were $432,186 compared to $342,034 in 2016.
The third quarter ended September 30, 2017 showed a net profit of $56,809 compared to a net profit of $16,360 for the third quarter ended September 30, 2016.
During the nine-month period ended September 30, 2017, a net profit of $190,424 was
achieved compared to a net profit of $94,115 for the nine-month period ended September 30, 2016.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow Logger™ brake stroke data logger that has been designed to enhance the performance of the Brake Safe® system. Spectra distributes Zafety Lug LockÒ, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs.
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of
competitive products and pricing and general economic conditions as they affect the
Corporation’s customers. Actual results and developments may therefore differ
materially from those described in this release.
On behalf of the Board of Directors,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
KFG unit abandons Hogue Estate well in Mississippi
2017-11-06 13:32 MT - News Release
Mr. Robert Kadane reports
KFG OPERATIONS UPDATE
KFG Resources subsidiary, KFG Petroleum Corp. (Natchez, Miss.), abandoned its Hogue Estate No. 1 well in Adams county, Miss., as a dry hole. The company had sold all of the working interest and was scheduled to back in after payout if the well was successful; consequently, all costs were recovered including acreage and the company received a $10,000 overhead fee for operating. Recovery of these costs virtually paid for the company's recently announced small production purchase.
The company is hopeful that the higher prices currently being experienced will hold which will make it easier to raise capital for its drilling projects in the future.
The company's common shares are listed on the TSX Venture Exchange under the symbol KFG.
© 2017 Canjex Publishing Ltd. All rights reserved.
Sunora Foods Report By Simply Wallstreet:
General Report -> https://simplywall.st/news/2017/11/04/who-are-sunora-foods-incs-tsxvsnf-major-shareholders/
More Detailed Report -> https://simplywall.st/TSXV:SNF/sunora-foods?unique_symbol=TSXV:SNF&l=1&t=bjarefuvc&s=1&id=174316&utm_source=post&utm_medium=finance_user<=Conc_ticker&utm_campaign=Conc_ticker
(Requires Free Membership)
Here's the breakdown of sales based on the numbers yesterday. I emailed the company about why international sales are down year over year and they said some orders from Q3 will be in Q4 and the Sunflower oil sales should also help increase revenue overall. Otherwise US and Canadian sales did go up. Less than a month to go before actual numbers are out on SEDAR.
SNF 2017 Comparison For Sales Per Area
(Information From SEDAR)
International/China
Q1 2016 - $284,251
Q1 2017 - $526,157
Q2 2016 - $574,619
Q2 2017 - $567,204
Q3 2016 - $850,414
Q3 2017 - $750,478
USA
Q1 2016 - $2,167,415
Q1 2017 - $2,701,689
Q2 2016 - $2,054,390
Q2 2017 - $2,410,793
Q3 2016 - $2,257,456
Q3 2017 - $2,309,240
Canada
Q1 2016 - $235,713
Q1 2017 - $252,384
Q2 2016 - $206,764
Q2 2017 - $186,691
Q3 2016 - $173,286
Q3 2017 - $311,619
October 31, 2017 – CALGARY, ALBERTA. Sunora Foods Inc. (the “Corporation”) (TSX-V: SNF) is
pleased to announce unaudited, preliminary sales figures for the nine months and third quarter ending September 30, 2017.
Nine Months Sales 2017: $10,016,255
Nine Months Sales 2016: $8,796,501
Third Quarter Sales 2017: $3,370,406
Third Quarter Sales 2016: $3,278,801
Nine Months 2017 Sales Breakdown
Canada $750,694
United States $7,421,722
Overseas $1,843,839
Initiation of Sunflower Oil Sales to China
In the fourth quarter, Sunora will begin shipping containers of sunflower oil to China, to fulfill orders received in the third quarter. The shipping of sunflower oil is a new product line in China for Sunora, and provides a new sales channel for future international customers. Sunora continues to evaluate new product lines for distribution in Canada and international locations through its portfolio of global agents.
About Sunora Foods
Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the “Sunora”, “Sunera” and numerous private label brands.
For further information, please contact:
Dean Stuart
Investor Relations
T: (403) 617-7609
E: dean@boardmarker.net
Steve Bank
Chief Executive Officer and President
T: (403) 247-8300
E: steve.bank@sunora.com
Nice article from Simply Wallstreet. Looking forward to seeing TNA's Q3 results end of November and by then their $2 million Tukwila property sale (currently pending) should be completed. I am estimating that the company will earn at least $500,000 US profit. Their Q3 is always a bit slower and I am being very conservative on the earnings, especially after making over $1 million USD last quarter. Their Q1 profit $377,000 net income but that was also hurt by Tukwila still in operation at the time.
https://simplywall.st/news/2017/10/29/evergreen-gaming-and-other-great-cheap-stocks/
Evergreen Gaming Corporation (TSXV:TNA)
Evergreen Gaming Corporation engages in the gaming operations in the United States. Evergreen Gaming is run by CEO Dawn Mangano. With the company’s market capitalisation at CAD CA$17.95M, we can put it in the small-cap group
TNA’s shares are currently trading at -22% beneath its true level of $0.17, at a price tag of $0.14, based on my discounted cash flow model. This mismatch signals an opportunity to buy TNA shares at a discount. In addition to this, TNA’s PE ratio stands at 7.2x compared to its hotels, restaurants and leisure peer level of 19.4x, indicating that relative to its comparable company group, we can invest in TNA at a lower price. TNA is also in good financial health, with short-term assets covering liabilities in the near future as well as in the long run. It’s debt-to-equity ratio of 52% has been diminishing for the past few years demonstrating TNA’s ability to pay down its debt.
Information circular will be coming out in a few weeks as per SEDAR. AGM date is early December and it looks like their getting all the paperwork and insider holdings done. Steven Michels bought another 70,000 shares privately end of August and didn't report it until now. See below:
https://www.insidertracking.com/company?menu_tickersearch=TNA%2ACA%20%7C%7C%20Evergreen%20Gaming
Oct 20/17 Aug 28/13 Michels, Steven Control or Direction Common Shares 11 - Acquisition carried out privately 70,000
Date: October 12, 2017 510 Burrard St, 3rd Floor Vancouver BC, V6C 3B9 www.computershare.com To: All Canadian Securities Regulatory Authorities Subject: EVERGREEN GAMING CORPORATION Dear Sir/Madam: We advise of the following with respect to the upcoming Meeting of Security Holders for the subject Issuer: Meeting Type : Annual General Meeting Record Date for Notice of Meeting : November 09, 2017 Record Date for Voting (if applicable) : November 09, 2017 Beneficial Ownership Determination Date : November 09, 2017 Meeting Date : December 13, 2017 Meeting Location (if available) : Surrey, BC Issuer sending proxy related materials directly to NOBO: Yes Issuer paying for delivery to OBO: No Notice and Access (NAA) Requirements: NAA for Beneficial Holders No NAA for Registered Holders No Voting Security Details: Description CUSIP Number ISIN COMMON 30024G103 CA30024G1037
KFG to drill 7,200-foot wildcat well in Mississippi
2017-10-19 07:41 MT - News Release
Mr. Robert Kadane reports
KFG TO DRILL 7200' WILDCAT WELL, ADAMS COUNTY, MS
KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp. (Natchez, Miss.), is set to drill a 7,200-foot wildcat well in Adams county, Mississippi, testing several Wicox sands that have produced in the immediate area. The Hogue Estate No. 1 well is located in Adams county, Mississippi, on a 300-acre lease burdened with a 25-per-cent royalty, leaving the company with a 75-per-cent net revenue interest. KFG has taken on partners, will have no exposure in the drilling of the well to total depth, and will recover approximately $10,000 from reimbursement for the leases plus a $10,000 overhead charge. If productive, the company will back in after payout for a 12-per-cent working interest with no outlay of completion expenses.
In addition, the company closed the purchase, effective Oct. 1, 2017, of a 1-per-cent working interest in several of its operated wells in Mississippi, which will have an immediate impact on cash flow.
© 2017 Canjex Publishing Ltd. All rights reserved.
Washington State Card Room & Casino Statistics Sheet
**Note** - As per WSGC website, due to staffing shortages, Q4 2016 is the most recent statistics from card rooms that they have.
At the end of 2016 there were 65 card room casinos in the state of Washington. Dawn Mangano joined Evergreen Gaming Corporation in June 2017.
TNA Casinos – Riverside, Palace, Goldies, Chips,
Dawn Mangano Prior Casinos – Macau, Caribbean(Casino & Card Room)
Statistics Link: http://www.wsgc.wa.gov/docs/statistics/cardroom-gross/2016-4.pdf
Out of 65, this is where TNA’s and Dawn’s casinos ranked:
Dawn’s Prior Casinos:
Macau Casino - #3 of 65
Caribbean Casino - #8 of 65
Caribbean Card Room - #42 of 65
Evergreen Gaming Casinos:
Riverside Casino - #6 of 65
Goldies Casino - #11 of 65
Palace Casino - #16 of 65
Chips Casino - #23 of 65
What this shows is Dawn Mangano was able to run casinos quite well and out of the 65 listed on the sheet, two of them placed under 10. Compared to Evergreen Gaming which only had one placed under 10. Three quarters have gone by and things could be different, but I believe Dawn will play a huge role in Evergreen Gaming’s growth.
Another important note since some individuals have been worried about online gambling being a hindrance to Evergreen’s growth:
Internet Gambling Prohibited In Washington: http://www.wsgc.wa.gov/publications/brochures/5-165-internet-gambling-brochure.pdf
The text did not post properly so here is an image file of the financials
link: http://photobucket.com/gallery/user/JonnyR991/media/bWVkaWFJZDoxMzExMjE2NDk=/?ref=
TNA.V Financial Comparison Chart 2012-2017
Year Revenue($USD) Profit/Loss $USD) Assets ($USD) Liabilities ($USD) Asset/Debt Ratio
2012 $25,958,829 -$445,775 $15,736,142 $13,561,034 1.16
2013 $28,341,631 $1,344,683 $15,870,890 $12,351,098 1.28
2014 $30,555,757 $2,720,669 $18,143,126 $11,902,666 1.52
2015 $33,338,543 $3,933,883 $19,613,905 $9,439,562 2.08
2016 $33,326,624 $1,909,408 $23,922,129 $11,838,378 2.02
2017 (Q1/Q2) $17,641,426 $1,384,946 $25,495,384 $12,026,687 2.12
Notes: 1) 2017 Revenue Higher Than 2016 Revenue Over 6 Months
2) 124,716,865 Common Shares With 77.51% Insider Held
3) Tukwila Casino Closed February 2017, Currently Pending Sale For $2 Million USD
Hello K124Inv, sorry but I cannot reply back to your message privately and I refuse to pay for this outdated website. Anyway, you can get IR info on SMS.V through this link: http://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027503
KFG Resources Ltd. October 2017 Company Presentation:
http://kfgresources.com/wp-content/uploads/2017/10/KFG-Resources-Ltd.-October-2017-Company-Presentation.pdf
http://www.producer.com/2017/09/ag-note-sept-28-2017/
AG Note: Sept. 28, 2017
Posted Sep. 28th, 2017
Alberta showcased ?at Taste of Canada
Six Alberta companies participated in the recent Taste of Canada held in Boston, Massachusetts: Left Field Foods, Canyon Creek Soup, Gabriella’s Kitchen, Oh! Naturals Flavoured Snacks, Stellas and Sunora Foods Ltd.
The event attracted a record 56 Canadian food and beverage exporters from eight Canadian provinces.
With an eye for distinctive Canadian flair, the companies promoted their products in various grocery categories such as bakery and deserts, dips, spreads and seasonings, edible oils, entrees and ready meals, non-alcoholic beverages, specialty foods and snacks.
Thirty-four American buyers from several states met with the companies in a series of one-on-one meetings to sample products and discuss potential business opportunities.
For more information about the event, contact Shelly Nguyen at 780-422-7103 or Dusan Rnjak at 780-638-3851.
$4.4 million ?for ag innovation
The Canadian government recently announced $4.4 million in funding for projects it says will help expand markets and ensure farmers stay innovative.
Of that, $2.2 million will go to projects that support the cattle industry in Alberta and across Canada.
The cattle projects include:
$839,485 for the Canadian Cattlemen’s Association to explore the use of remote sensing as a tool for forage crop insurance
$901,240 to help the Alberta Beef Producers develop satellite data to improve forage insurance
$225,000 to help the Canadian Angus Association develop tools to enhance breeding cattle
$205,500 for the National Cattle Feeders Association to develop and implement a national feedlot animal care assessment ?program
The remaining funds, which make up slightly more than $2.2 million, will support projects the government says will support innovation, market development, emergency planning, competitive pricing, animal-care assessment and farm software development.
Vet receives bovine ?welfare award
Dr. Joyce Van Donkersgoed of Coaldale, Alta., was recently named recipient of the 2017 Metacam 20 Bovine Welfare Award for her leadership in the Canadian beef industry to improve the welfare of feedlot animals.
The award is presented annually by the Canadian Association of Bovine Veterinarians in partnership with Boehringer Ingelheim (Canada) Ltd.
Van Donkersgoed operates a private feedlot practice in southern Alberta, where she provides emergency, herd health and production services, as well as research and regulatory services to her clients.
She is currently leading the development of a certified feedlot animal auditor program and is a trainer for feedlot auditors.
She emphasizes continued education and provides regular training on a range of topics including how to conduct animal welfare assessments.
KFG Q1 2017 Results (Ending July 31st 2017)
All Information Below Can Be Found At www.Sedar.com
Balance Sheet End Of Quarter (All Funds in US Dollars)
ASSETS – In US Dollars
Cash: $615,926
Accounts Receivable: $216,881
Prepaid Expenses: $10,700
Exploration & Evaluation Assets: $129,941
Property & Equipment: $499,002
Total Assets: $1,472,450
LIABILITIES – In US Dollars
Accounts Payable: $473,577
Decommissioning Liability: $195,125
Total Liabilities: $668,702
Revenue For Q1
Oil & Gas: $241,204
Management Fees: $82,096
Total Revenue: $323,300
Total Expenses: $305,499
Net Income: $17,801
Average Daily Production For Q1: 65.47bopd
Number Of Producing Wells: 19
Average Oil Price: $46.86
**Notes**
- Cost reductions did not commence until June ( As per May 10th News)
- Production purchase reduced cash by $40,000 for Q1 and $20,000 for Q2
MD&A Highlights
Overall Performance
For the three months ended July 31, 2017, the Company had cash flow from oil and gas production of $159,687, compared to $101,647 for the three months ended July 31, 2016. Oil production increased from 60.88 BOPD to 65.47 BOPD, and gas production increased 1.28 MCF per day. The average price of gas increased $0.27 per MCF and the average price of crude oil increased $4.27 per bbl when comparing the three months ended July 31, 2017 and July 31, 2016.
As of July 31, 2017, two instalments of the production purchase in Jefferson County, MS have been paid with the remaining instalment to be paid by the end of September. As of now, the Company is optimistic that one of its new projects will be drilled in October 2017 weather permitting.
As of July 31, 2017, the Company generated $93,291 of cash provided by operations versus a loss of $113,517 in cash in the comparable quarter of 2016, and was able to show an actual increase in cash after all expenditures. The Company’s current rate of assets to liabilities is 1.78 and its quick ratio is 1.3.
Outlook
The Company production has been stable in the past year showing minimal decline. Oil prices appear to be slowly increasing into the low $50/bbl range. In June and July 2016, the Company took initial steps to reduce its overhead. Management salaries were cut and a field hand was let go resulting in a savings of about $9,000 per month going forward. Reduced insurance amounted to a savings of $1,100/month. Office reductions, rent and parking were reduced affecting a savings going forward of $10,800/month in salaries and overhead. Additional reductions were made in June 2017, amounting to another $8,500 per month. The Company is now generating free cash flow amounting to $93,291 in the quarter ending July 31, 2017 and is starting to move forwarding raising money for its drilling program.
Share Capital
The total number of shares outstanding as at July 31, 2017 and September 28, 2017, is 50,584,144. As of July 31, 2017 and September 28, 2017, there were no stock options or warrants outstanding.
Additional information pertaining to the Company is available on the SEDAR website at www.sedar.com