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Manny
looks like you are the lonely crusader on this board, I have been following TRGL for quite a while, and feel that even though they have had a lot of bad mess in the last 1.5 years, I still feel that it is quite undervalued at this price, seems like matlin patterson feels that as well.
Anyway it should be a good quarter coming up with full production in Turkey. i think that they have produced in the region of $20 Mill for this Quarter.
GLTA
A.H
TRGL showing a little bit of strength today.
GLTA.
A.H
cLOO1
I am sad to see that you have sold some of your TRGL shares, and taken a loss on them, especially since it was one of your favourite picks.
I have gone the complete opposite way in that I bought more last week, it seems that the general Opinion about TRGL is that they are not going to have any production growth in the next 12 Months, well I for one hope that that is not going to be the case, since they have now started to have some serious cash flow, then I expect them to put that to good use.
Nigel mentioned in the last conference call that they would like to be known as a Romanian Oil company, which implies that they are looking to ramp up drilling in that country, and with now ample cash flow that seems like a very logical goal for them, he also mentioned in the conference call that they were looking for a JV partner for Romania as well, so that leaves them with 2 possibilities of drilling there, either for their own money or somebody else’s.
Anyway what I am trying to say is that once the third tripod is up an running then I don’t expect TRGL to be sitting on their hands with all that cash, but rather put it to good use, the investor conference on the 2nd of Oct will probably give us some more answers about their future plans.
GLTA
A.H
Hi DrFeelgood
Great name you have, guess you must have a lot of happy patients LOL. Anyways I have done some more DD on SSUR, when I posted my previous message I had only done some light DD late a night and just wanted to know if anyone knew of anything in particular that I should pay attention to.
Firstly I was a bit fast on the trigger as I thought SSUR had already received the CLIA waiver, don’t ask me how I misunderstood that (late evening I guess) but anyway they haven’t received it yet and that is obviously one of the things that the marked is waiting for.
Besides that here is what I found.
When I first looked at SSUR, I thought what a great product, HIV test in 15 min, I could see that there could be a huge marked for a product like that, especially if they could get to a point where they could sell over the counter like for example a pregnancy test, but SSUR is not the only company thinking that, this is according to SSUR themselves a very competitive marked.
This is from SSUR’s SEC filing
Orasure Technologies, Inc. is also a major competitor to our rapid HIV barrel technology in the U.S. Orasure Technologies, Inc. has an FDA approved blood-based and oral fluid-based rapid HIV test. Several companies market or have announced plans to market blood-based or oral fluid-based HIV rapid tests in the United States and abroad. MedMira and Trinity Biotech have also received FDA approval to sell rapid HIV blood tests in the United States. We believe other companies may seek FDA approval to sell competing rapid HIV tests in the future.
I had a look at Orasure which have a product similar to SSUR, it also gives a result in 15 min, and seems like it is also very easy to use, now Orasure has already received their CLIA waiver back in 2004 and has a very strong balance sheet with over 100 mil in cash and revenues of over 80 mil a year.
What I am trying to say is where is SSUR’s advantage, where is their competitive edge, if there is already a lot of companies out there making similar products then the only thing SSUR can compete on is price, which in the long run will erode profit margins, and if they are going to compete on price then Orasure is going to be a very strong competitor with a product that has already been on the marked for years and a lot stronger financial position.
Then there is the very low PE which SSUR have, but that has only been achieved through a non cash gain, here is from the SEC filings again.
Derivative income (expense): Derivative income of $644,435 was recorded in the second quarter of 2007 from a derivative expense of $(2,346,192) recorded in the second quarter of 2006, and derivative income of $2,040,696 was recorded in the first six months of 2007 from a derivative expense of $(2,346,192) in the first six months of 2006. The fluctuation was due to the mark-to market adjustment on embedded derivatives principally driven by the decrease in our common stock price $0.55 to $0.249.
I am not sure exactly what this is but looks like they have booked a non cash gain of $2,040,696 through some kind of hedging of their own share price, which means without this gain they would have posted a loss of around $0.03 per share, now I am not saying that this is bad, just that the profitability was not achieved through the sales of the company’s products but merely from this non cash gain.
They have however had increased GA cost due to the restating of quarterly filings back to 2005, and they might turn a profit in the quarters to come from sales alone if the GA costs are going to fall in the future.
With the information stated above I have decided not to take a position at this point in time, if I am going to invest in companies in the medical industry, then I would like them to have a competitive advantage so as to create some kind of monopoly, and at the moment I can’t see that SSUR has that. That is not to say that SSUR is not a good buy a these very cheap prices, but I am going to wait until they start making some more profit before I invest in them.
Besides that I have seen you on the NNVC board were you always post very good information, thanks for that. I am keeping an eye on that as well as I find that to be a very interesting company, and I will most likely take a position there at some time in the future.
Best of luck with your investments.
Regards
A.H
Hi guys
Just stumbled across this stock while surfing Ihub, looks almost to good to be true, a profitable company with the lowest PE I have ever seen, what seems to be a very good product, low OS, huge insider ownership, agreement already in place with 2 big companies and a recently received waiver which opens up the marked for up to 189000 outlets.
So what gives, why is the company trading at such a low price, is this just because we are on the OTC or is there something else to be aware of?
I have read through all the messages posted (thanks everybody for all the excellent info) but haven’t found anything worrying so far, not in the sec fillings either.
I will continue my DD, and if I can’t find anything worrying over the weekend, then I will probably take a small position next week.
Besides that, does anyone happen to know the sales and manufacturing cost of these test devises, i.e. profit margin, I can see in the filing that they will share the profit equally after manufacturing costs are covered, but would like to know any prices if anyone knows.
Have a nice weekend
TIA
A.H
Manny
Thanks, much appreciated.
GLTA
A.H
Thanks
Much appreciated
GLTA
A.H
Hi Manny
Do you have a link to the TRGL board on SI. I have taken a small position in TRGL, but wants to add more at these very low prices, I have been looking at what other investors feel about TRGL both here and on yahoo, but don't know the SI board.
TIA
A.H
Dean
Thanks for your reply, lets hope for a quick dicision by the FDA.
I am holding this stock for the long term anyway, as I think your scanner is going to grab a lot a that market in the years to come.
The end of medicine does sound like a very good book, I will bye it in the very near future as well, just need to finish a couple of other books first.
GLTA
A.H
Dean
I am a new investor in IMGG, after having followed it for about a year I decided to jump in with a small buy, I would like to buy a lot more but my money is tied up in a stock which in the short term will do better IMO.
Anyways looking at the PR of the 06/05 it states that the 510 FDA approval can take 6 Months or longer, could you elaborate a bit on that as I was of the understanding that the FDA should take no longer than 90 days to approve/disapprove a 510k application.
Besides that I think your product is great, and so does John Mauldin.
He has a weekly newsletter writing about the economy and sometimes about new innovations as well, I went through his archives and found this newsletter from last year, which is about the future in the medical world and how we will all be very dependant on scanners like yours, have a look I think you will be very happy to see how he feels the medical marked in the years to come will rely on your scanner
http://www.2000wave.com/article.asp?id=mwo070706
GLTA
A.H
Looks like I have to raise my bid then LOL.
GLTA
A.H
Madtig6
Did you manage to get any, I put an order in as soon as I saw 7 cents, but did not get any, had to move my bid up and got 5k at 0.09 and 24k at 0.095.
I have been watching this stock from the side line for quite a while and just could not resist it when I saw it at 0.07.
Anyways for the nervous ones out there, I wouldn't worry to much about the day to day fluctuations in price, a lot of private investors is on holiday at the moment, which are normally the people who would be buying penny stocks, and IMGG is a long term hold anyway, they have filed with the FDA and should expect an answer before the 15th of Sep.
That is the trigger that will make this company, will they get approval or not, expect it to jump big time if they do.
GLTA
A.H
Parentsgratae
Thanks, yes I saw that right after I posted.
GLTA
A.H
Please also email a copy to me alex33henriksen@yahoo.co.uk
GLTA
A.H
No sellers at these prices, I think it will come back up before we close.
GLTA
A.H
Ninja
No need to pity me, I have bought the 60k CTUM back, 18k yesterday and 38k today, and just for the record I wasn’t trumpeting my sale of ctum. People started taking about MM shaking CTUM Thursday when it went down to 0.91, that was the last 9000 of my 60k sale which I put a market order on (didn’t actually think they would take it that low).
And yes it was a gamble with the XXXX.pk but I got out in time with some profit as well. Bought the 38k today @$1.10
GLTY
A.H
Airdale
Yes that was me, but I don,t know what happened to my post, I sold 40k Thursday and 20k Friday, last 9000 Friday was sold at 0.91. I know it is a gamble to be out at CTUM at the moment so close to FDA filing, but I will buy back early next week.
GLTA
A.H
Hi guys
I have been following AMEP on the sidelines for quite some time, and I am happy for all of you that they have finally posted a net income for the last Q of last year, however I have looked through the 10K and can,t seem to find the page with the quarterly numbers, if anyone could point out the exact page number it would be greatly appriciated.
TIA
A.H
lowman
Thanks for getting us moved, and also for all your hard work throughout the year. Also a thanks to all the other good posters here.
Merry Christmas to all
GLTA
A.H
Lowman
Don't worry about it, and thanks for going to the trouble of getting us moved to another board, hopefully that will get us the attention that we deserve.
GLTA
A.H
Lowman
you are welcome
GLTA
A.H
Mayby we should be on Ihub medical board instead of Oil/Gas,
that Could possibly give us some more exposure.
GLTA
A.H
They probably went for 90 mill to cover all bases. They list a lot of possible uses, all good imho
GLTA
A.H
Hi
haven't posted for a long time, just wanted to say that it looks like the company want's some anti takeover ammunition.
Lowman sorry to hear about your ihub jail trip, better luck next time.
Still holding long and strong.
GLTA
A.H
What a fantastic week, looking forward to some exciting weeks ahead.
GLTA
A.H
Please
Let us (CTUM) supply you with some cheaper energy
http://biz.yahoo.com/ap/060725/earns_dupont.html?.v=5
GLTA
A.H
Well lets just get rid of the short-term traders and move on.
I personally think that we are finished with the twenties, there might be a couple a hundred thousand shares left in the thirties, after that it is the forties and upwards.
I can’t imagine that it will be to long now.
GLTA
A.H
Yes I wish I had some more money left, Maybe I should consider opening a new credit card.
GLTA
A.H
Hopefully the last momo players are leaving CTUM today.
GLTA
A.H
Thedane
you are velcome, this is going to be a great company, IMO
GLTA
A.H
Hey
If my post sounded like an attempt to get the PPS down then it was only so you could get some, LOL
I bought my last shares back in Feb, and I have no money left to buy any more.
safe to say that I only want the share price to go UP UP UP UP.
And my boat load of shares are staying with me until we hit at least $10 per share
GLTA
A.H
Lowman
Thanks once again, it seems a lot clearer after that explanation, it is hard sometimes for us foreigners to understand all the nitty gritty stuff in these filings.
I must admit I feel a lot better now, even though I never doubted that Don would make the right decision.
GLTY
And have a nice weekend, I can’t wait for Monday.
A.H
Lowman
Thanks, I did see that in the filing, but did not realise that these shares were part of the O/S, that off cause makes it even better as you stated.
GLTA
A.H
Lowman
Looking in their latest 10Q it states the following
CONSORTIUM SERVICE MANAGEMENT GROUP, INC.
AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
JANUARY 1, 2006 - MARCH 31, 2006
Unaudited
Additional
No. Common Par Paid In Stock
Description Shares (Ea.) Value Capital Subscribed
-----------------------------------------------------------------------------------------------
Balance January 1, 2006 26,056,072 $ 26,056 $ 7,548,049 $ (939)
Common Stock Sold 3,412,509 3,413 290,859
Common Stock Issued for Services
Common Stock Issued for Interest
Common Stock Issued for Notes
Common Stock Escrowed 607
Net (Loss)
Other Comprehensive Income (Loss) -- -- -- --
Foreign Exchange Gain (Loss) -- -- -- --
-----------------------------------------------------------------------------------------------
Balance March 31, 2006 29,468,581 $ 29,469 $ 7,838,908 $ (332)
===========================================
Treasury Shares (80,713)
Escrowed Stock (332,297)
------------
Shares Outstanding 29,055,571
============
I can't see more than 332,297 escrowed.
I am not trying to be a pain, I would just like to clarify for my own benefit.
GLTA
A.H
Lowman
I wasn't aware that 8 mill shares were escrowed in that way, i thought that the 29,5 mill OS was shares already sold.
My apologies and thanks for pointing that out.
GLTA
A.H
Hi
I've just read the filing, and as this is a still only a letter of intent, both parties can walk away from the deal under different circumstances.
For CTUM that would be if the PPS isen't high enough for them to raise the money without causing too much dilution of the OS, in which case they can pull out provided they pay Empire up to $25000 to cover any expenses that Empire might have incurred.
Also as there is still no date provided for the Offerings, it leads me to believe that Don Robbins is going to get the PPS up before any Offerings will take place.
We all have to remember that any dilution will hurt Don and the other directors the most, as they own more shares then any of us.
Anyways Don Robbins have so far done an excellent job of running CTUM, and I trust him to have made the right decision with this latest initiative as well.
GLTA
A.H
Good volume today, looks like we are ready to break out
GLTA
A.H
Yes thanks to whoever it was, I think we will finally move higher, it would be about time
GLTA
A.H
Lowman
If CTUM wins, I will donate $1000.00
GLTA
A.H
Lowman
count me in as well. Just returned from holiday to see this fantastic move.
Congrats to all longs
GLTA
A.H