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Yeah but it would still be worth the same.
Someone tell the Iwonitlive people to change that color scheme. Holy crap.
How will he pay for this new acquisition over the next year? By selling 10 billion shares of stock, of course. AS increase to 20 billion and the commencement of PR's? Should be no surprise what is going on here.
Well there's a fine line between outright lying and sort of hyping up a half-assed attempt at something. Let's say you call up GM and tell them that you've just invented some doodads for a car. The customer relations guy says that's pretty neat and why don't you submit a formal request to speak with GM's gurus. Then, you can PR to the world that you are WORKING on a deal to have your doodads on all GM cars. There's really nothing there, though.
Careful. Bright future could be ahead, but this place has been the pits for a while now. There will be dilution up to 10 billion strong possibly within the next year as the A/S just increased by that much this month. The old A/S was 10 billion, maxed it, now it's 20 billion. R/S don't forget about it's likelihood. Only hope for this company, after the plethora of things we've had PR'd and got hyped about (cancer drug crap, walmart, etc.) really at this point is that the retail store franchises need to take off like a rocket. Just my opinion.
Hey how about some of you smart and fortunate ones start up a franchise and actively get some profits going here. Sorry I am a poor schmuck can't do it.
Man.... wth
Form 8-K for KENERGY SCIENTIFIC, INC.
25-Feb-2011
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financi
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On February 3, 2011, the Company amended its Certificate of Incorporation with the following provisions:
a. The name of the Company was changed to Kenergy Scientific, Inc.
b. The number of authorized Class A Common Stock shares was increased from 10 billion shares to 20 billion shares.
c. The registered office and the registered agent were updated to the present corporate headquarters in Flemington, NJ and the registered agent was changed to the President and Chief Executive Officer, Kenneth P. Glynn, Esquire.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
3.1 Amendment to the Certificate of Incorporation dated February 3, 2011.
My suggestion: pretend this isn't in your portfolio. Pretend it doesn't exist. And maybe, MAYBE in 5 years you'll get a pleasant surprise.
Good deal. As posted in the other forum, this will be the first taste any of us will have what this brand is truly about. I think the website is a piece of **** and hope there is something better to experience when people finally get some material exposure to whatever will be exhibited.
I would appreciate some pictures. And yes I am sort of expecting to be let down by the results :(
It's where the PR says there will be a large exhibit
http://www.gardenstategreenfest.com/
Still not listed on the Greenfest site.
I think it is and always has been out of business, in a manner of speaking.
Remember he answered your first Q in that last interview he did. He said that he just has connections and knows people that will do whatever he asks at the drop of a hat. He is almighty and commands corporate lacky armies. He needs no employees. Fear and invest!
Stick a fork in her
At the website for the Garden State Greenfest, SSWC/Kenergy does not show up in the list of exhibitors. Anyone happen to be in that area? It would be cool to see the exhibit, if it actually happens. If Ken is smart he'll post pictures of it on the website.
For sure, if this stock becomes a great story, many developments need to materialize and/or come out into the open. Otherwise, CBAI's financials are absolutely awful. In other words, we are sitting on massive speculation and NOT some well calculated forecast or trend based on public information. I'm looking forward to the next quarterly to see where things are going.
He has a history of working alongside the previous SSWC people that drove this into the ground and gave up on it. The connection is right in our faces. I keep telling myself that I really shouldn't be surprised.
Well if they are investing, the majority ownership may not be the case, considering that CBAI's EBITDA is well under $3 million (although let's see what 2010 numbers show us). As with any other investor, those are just guidelines, and really they are wanting to see where CBAI is headed and what kind of NPV they are expecting.
Amex requires $2.00 to uplist. Nasdaq requires $4.00. Just fyi.
It makes no sense to claim 100 pps when your argument takes nothing of its financials into account. $140 billion doesn't magically skyrocket a company to $100 pps. Especially with CBAI's share structure. Look at the PPS of other well known billion dollar companies.
CBAI's financials are down right horrible right now. The potential of what they are doing is what keeps people interested. Estimating revenues in excess of a billion instantly changes things, but CBAI's sustainable rate of growth right now is very low. Remember that when suddenly CBAI makes 2.75 Billion, a lot of expenses and debts grow to maintain that. Now I went crazy and assumed they had 100% of that 140 bill market by 2014. Even with a share structure brought down to 1 billion shares, and an improving debt structure, improving cash flows, the PPS I would look for right now is closer to $13. Yes, that is with $160 billion in revenues in 2014. That is simply what makes sense when I plug the numbers in. I am not just going to throw some arbitrary number out that sounds big just because it's 3 digits to the left of the decimal point, instead of 1 or 2 or none.
Why don't you go ask Walmart's people why their stock isn't at $100. Their revenues are in excess of 500 billion. Problem with pps is it is totally relative. It's almost stupid to talk about it unless for certain there would be no change in the share structure.
Yeah its just sily. At this point, the company can become a billion dollar company in the course of a year and still manage to hit a couple bucks, and that would a serious payday anyway.
MrLong, show me something where you arrive at 500 bills. 2.75B, just as a start gets us nowhere near 100pps. I understand where you see the money, but are you honestly trying to fundamentally tie it to 100 pps, or are you honestly just using hyperbole. Please lay out how this gets to $100. So far, you're essentially saying:
"See how all of this adds up to tons of money! $100 pps!!!!!!!!"
I mean that really doesn't explain much in terms of pps. Thanks.
Well then you don't know that either, so don't say "Not true."
I just can't fathom a $100 pps for this little company in 2011. That would be monumental without a massive rs or bb. And we're comparing it to Exxon? I like where the co is moving and its great to be excited but all of this grandiose stuff just comes off as wishful thinking. Maybe after several years hundreds of billions are in order, but this year? Really?
The question that was being asked was directly referencing the market cap. I understand the concern over shareholder return on investment because of dilution, but the issue for investors looking long term is whether the company is creating value for itself. Where do you think the funds raised through stock selling have gone? It is pretty obvious.
Whereas there was a little over a million invested in Feb 2009, there is over 25 mill now sitting on it today. What does this reflect? The many business acquisitions and milestones the co has been able to achieve. Can you put a price tag on Biocells, for instance? Yes you can. Growth is growth.
FEB 2009
Shares outstanding: 400 mill(ish)
PPS: .003(ish)
Market cap: $1,200,000
JAN 2011
Shares outstanding: 5.69 bill
PPS: .0043
Market cap: $24,467,000
% Change: (24,467 - 1,200)/1,200 = ~1,900% increase
So based on Feb 2009, which you just asked for, the market cap has, without question, risen approximately 1,900%. Thanks.
Are you serious? 500 billion market cap? MrLong just throws that number out. We all like where he sees this thing going but the pps prediction is serious hyperbole at this point. Don't assume that his excellent research actually substitutes as a serious pps valuation. The pps will go up, so be happy. Nothing he has presented is a specific valuation of $500 bill. That's not a bad thing, just don't get it twisted.
I always thought the $100 pps was a bit of hyperbole. I mean unless he's implying that such success is accompanied by share reduction, then $100 makes us as large as Walmart. Hehe.
A Red DAY is of little significance and shouldn't resonate with the majority of the people here. I can only imagine how many get rich quick schemes you've subjected yourself to and came out with less money.
This is just semantics. Can you simply describe what happened to the so called lawsuit? To point out the technicalities of the terms seems defensive. Do you want CCEL to win or something? Why?
It's like this Pittman.
Let's assume you estimate yearly earnings for CBAI over the next 5 years. Perhaps you want to use DCF analysis to make a call on what the PPS needs to be now for you to consider CBAI a worthy investment. If you do this by looking at estimates for 2 years instead, your target will differ, for better or worse. The period of concern means everything for whether an investment is worthwhile.
My guess is you have no clue what you're doing but staring at a PPS ticker and hoping for the best. Good luck.
Fact: Prudent investors value companies based on holding periods. That yours is a single year means you have failed with this investment and should perhaps move on.
Thank you captain obvious, dilution is dilution. Has the selling of stock allowed the company to increase its value? Sure looks like it. Remember, good things will follow good moves. Even the largest companies today have some level of dilution going on. It is a part of business. If you're not capable of using any sort of valuation model to see where dilution may or may not be a significant detriment to your returns, then you should be letting some advisor make your investment decisions for you.
CBAI has enough history and explicit business that I am confident it garners serious market valuation, as opposed to pennies that are unknown pink sheet stocks. Those are more or less a gamble. It is practically impossible to valuate the vast majority of them, as if they were private companies about to issue IPOs; the valuations are always subject to extremes and are questionable because of a lack of trading history.
In other words, I think it is substantial that CBAI's market cap has increased. If you place the entire weight of your argument on the PPS, you're missing the bigger picture, and might do yourself a favor to throw a few hundred bucks at some mojo pinks and see if you can satisfy your cravings for the next few days.
The market cap is essentially the market's valuation of the company. There is dilution for the shareholder, but that doesn't mean that CBAI isn't worth more today than it was a year ago.
Don't get too excited. If anyone knows something before us, it's Ken and any of his close associates, who stand to make money off a frenzy that'll just net them another payday. Doesn't hurt to wait and see though.
Pittman doesn't know what a market cap is. He doesn't even realize that you
re supposed to put your money into securities that you believe will go UP.
I'm not saying dilution here isn't bad. I just think that newer investors get caught up in this term wihout understanding where it comes from, and assume it is something illegal. I think the dilution here is obvious, and unless this company ends up with a mega successful chain of stores, it's just digging itself a hole.
Dilution is the selling of stock. How does that SCREW anything? It dilutes the stock, but the point is to raise money by selling stock. Why wouldn't he do that? That doesn't screw anything but it does make a lot of investors nervous.
Does everyone suddenly forget about his first interview when he was asked about dilution and he responded that it is an inevitability for this business?
Quit acting like dilution is some nail in the coffin tactic. Does it make you feel better if we say "The company has been selling stock like mad!" instead of "The company has been diluting like mad!" Don't you get it?
As if that's a good thing. I'm out.
Yeah do people understand why we were complaining about the original website for SSWC? And even the one now. Better, but it still sucks and really just won't matter if the company is insignificant and incompetent anyway.