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LVWD to file with SEC soon?
They are hiring a corporate controller! Looks like the company will be going down the auditing path and may begin filing with the SEC again in the near future.
http://www.liveworld.com/careers/corporate-controller/
Job postings position up on Liveworld's website under careers. Huge news IMO.
LVWD backlog as of 9/30
The backlog as of 9/30 was $3.5 million- I doubt they will hit $5 million in sales for Q4. Quite honestly, I think it will come in around $3.6-$3.7 million, just because last year in Q3 their backlog was $4.3 million and they ended up earning revenues of $4.4 million in Q4 for actuals. It seems like there backlog is a reliable indictator particularly for the last Q. Nevertheless, important thing to note is that Ebay is no longer part of their revenues in Q3 and Q4 so they fact that they were able to maintain the same sales in Q3 year over year was impressive.
They have been hiring a lot lately...I'm hoping we see a strong backlog right out of the gate in fiscal year 2014-- that should finally allow the stock price to start popping higher. I mentioned on several occasions to the CFO they should consider packaging their software to external parties outside of their clients cause that could bring in high margins and an additional cash flow stream.
This company needs to start auditing their financials and uplist on the OTCbb. That it itself would probably be worth a run to $1.5-$2.
Wouldn't be surprised if WPP tries to buy them out-right. This could be an attractive take-over for lots of companies.
In my opinion, this is an absolute table pounder and I plan on continuing to accumulate more shares....as long as the waving of selling continues though, I'm not going to pay up!
Are you holding a sizeable position KIK? I am attemping to hit the 1% ownership mark within the next couple months.
LVWD featured on front page of AdWeek
Last PR that came out said they had 4,400 content properties. According to this just released briefing, the company current has 4,600.... growth continues at a brisk pace! Finally we are receiving more recognition. I plan on adding tomorrow.
http://www.adweek.com/news/advertising-branding/social-marketing-firm-has-revolutionized-how-tweet-against-competition-155359
This Social Marketing Firm Has Revolutionized How to Tweet Against the CompetitionHuman touch, scaled by technology By Christopher Heine
Specs
Who Peter Friedman, chairman and CEO; Jenna Woodul, evp and chief community officer
What Social marketing agency
Where San Jose, Calif.
Though it’s been around since 1996, LiveWorld has adroitly adapted to an ecosystem completely transformed by Facebook and Twitter. Mammoths such as Walmart, Procter & Gamble, Bank of America, Pfizer and Louis Vuitton now trust LiveWorld to manage their social media. The company operates 4,600 content properties for 300 clients and ramped up revenue by more than 18 percent in 2013. “We bring a human touch scaled by technology,” said Peter Friedman, CEO of LiveWorld. His firm tackles competitors head-on with a revolutionary, evolving practice known as “Twitter conquesting,” where retailers quickly tweet an offer to consumers when they complain about a rival. Indeed, LiveWorld gives new meaning to “social Darwinism.”
1olddog re: earnings date
March 21st or 24th. If you look back over the last couple years, they report at this time. The report always comes out later for Q4 since it is their annual report/annual financial statements. Q1 will be out by the second week of May.
KIK re: LVWD
If you don't mind me asking, how many shares do you currently own of LVWD?
I'm up to 260,000 shares and I'm hungry for more! I keep rolling $ into the name. I cannot believe that the stock price has languished here in the low twenties after an amazing report from Facebook.
I think 2014 should be a banner year for LVWD. Now that they have covered Ebay's sales hole, it should be strong growth from here on out. I brought up to management considering their nice cash cushion that the most effective use of their capital could currently be buying back shares of stock at this ridiculous valuation.
Stan
LVWD (.206) valuation is a joke
Current shareholders equity at $4 million. They are sitting on almost $5 million cash (15 cents per share). From their latest PR, it appears that they expect sizable growth to continue. Profitability has been consistent and based on the careers section of their webpage, they have been hiring like crazy. For a company to only have 75 employees and have 11 open positions on their website shows what they are expecting in 2014. Walmart CMO recently spoke about the company at a conference in October I recall. This provided huge exposure about this little company. They must have acquired a handful of clients since this mention.
The only frustrating part if that they are a pink sheet and generally these stocks are more easily manipulated. There is no reason why this stock shouldn't be trading north of $1 with how all these social media stocks have been ripping higher. I have acquired a pretty large stake and continuing adding. Surprised at the disrespect for the stock-- even at the current price, we have people selling.
The potential always exists for the company to start selling their software to third parties (software=high margins). Currently, the software is only available for their clients.
I recall 15% of the company is owned by WPP. This could get swallowed pretty easily-- it is definitely in the right space. Appears the CFO was an acquisition specialist based on his website bio.
Walmart CMO mentioned LVWD at conference
LiveWorld's name out on an AdWeek article. It mentions Walmart receives 10X ROI on social. Apparently, the CMO also mentioned Liveworld during the conference. This may have sparked the buying. More eyeballs to the company-- plus, they may have just picked up many more clients from the CMO's plug.
Walmart's Social Is Getting 10X ROI and Tens of Thousands of Daily Interactions
During his morning keynote today at the ANA Masters of Marketing conference, Walmart marketing chief Stephen Quinn said, "Our interactions on Facebook are important." And if you look at some of his numbers, the comment was probably a major understatement.
The Bentonville, Ark.-based retail giant sees a half-million monthly pieces of user-generated content—the lion's share on Facebook and Twitter. And it benefits from a staggering flow of daily engagement that spikes during November. Speaking with Adweek, Quinn and his team shared that they saw 62,000 Facebook posts from consumers on Black Friday alone last year. The comment rate was 42 per minute that day. That kind of explosive activity is part of the reason, per his team, Walmart is getting a "marketing equivalent" of 10X return-on-investment (ROI) on Facebook and Twitter compared to other advertising spends.
"It's very staggering," Quinn said, off-stage. "It is so intense on Black Friday. It's almost like a mission control center for Walmart at that point."
The cmo said Facebook rates "really high" compared to other marketing channels. Since Walmart's page on the social site began to skyrocket in 2009, his brand has dedicated talent and dollars to creating a ROI-proving system for social media, Quinn explained.
"I'm always baffled when I hear people say, 'It's really hard to prove the ROI,'" he said. "We have ROI that's really strong. And, it's transforming our organization. This level of engagement we now have with customers is changing a whole bunch of other aspects of our marketing."
Walmart has 31 million Facebook fans in the U.S.—more than any other brand on the social platform, as well as 386,000 Twitter followers. It uses content marketing vendor LiveWorld to help manage all the buzz.
"When you are [publishing] six, seven, eight posts a day," Quinn said, "you need people who are able to turn on a dime and react to those things."
Lastly, another interesting reveal from Quinn: Walmart, by then end of 2013, will have shot 1,500 local TV spots with real moms from over 70 markets.
http://www.adweek.com/news/technology/walmarts-social-getting-10x-roi-and-tens-thousands-daily-interactions-152912
FGMGQ may be worth north of $5
http://www.bloomberg.com/news/2013-08-20/jai-alai-operator-seeks-bankruptcy-after-lender-dispute.html?cmpid=yhoo
Jefferies valued the company at $50 million more than what Silvermark LLC was going to pay to acquire them ($180 million versus $130 million). The total shares outstanding even if you convert the preferred stock is 7 million, which would place the current stock price at $7+ if they are able to demand such a premium. Company is profitable-- last quarter they showed an outrageous operating profit of $4 million.
Saw someone trying to pick up 25k shares at .61 on Friday. Stock has run up considerably from .20 to $1 but looks like there may be more run to the upside.
Let me know your thoughts.
Jai-Alai Operator Seeks Bankruptcy After Lender Dispute
By Michael Bathon - Aug 20, 2013 1:12 PM CT
Florida Gaming Centers Inc., which operates a casino and jai-alai frontons in Miami, sought bankruptcy protection after a dispute with its lender.
The company listed debt of $138.3 million and assets of $180 million in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Miami. Its parent, Florida Gaming Corp. (FGMG), and two other affiliates also sought court protection.
Florida Gaming opened a Miami casino in January 2012 to bolster its revenue as the fading popularity of jai-alai, often considered the world’s fastest sport with balls whizzing around sometimes faster than 180 miles per hour, threatened its viability, according to court papers.
The company “is now thriving and is a success by every measure but one: its relationship with its lender,” Daniel Licciardi, an executive vice president, said in court papers. The bankruptcy filing was “brought about by ABC Funding’s relentless effort to wrest control of Miami Jai-Alai and the casino,” he said.
Florida Gaming borrowed $87 million from a syndicate of lenders, led by agent ABC Funding LLC, to repay existing debt and fund the construction of the 60,000-square-foot casino, according to court filings.
Florida Gaming said ABC Funding determined that it was in technical default of the financing agreement and moved to foreclose on its assets. The casino operator said in court papers that it made all required payments.
The casino has more than 1,050 slot machines, a poker room and table games, as well as offering concerts and boxing matches, according to court documents. The company also has a Fort Pierce, Florida, location with jai-alai courts and inter-track wagering on horse and dog racing.
The company previously negotiated a sale of virtually all its assets to fellow casino operator Silvermark LLC for $115 million in cash and $14 million in assumed liabilities, court documents show. A provision in the financing agreement required Florida Gaming to make an additional payment to the lender if the assets are sold to third party. Jefferies LLC was hired to determine that amount, about $26.8 million, and valued the company at more than $180 million.
Florida Gaming said in court papers that the lender delayed the sale in an attempt to get more money and interest and to take ownership of the assets.
‘Best Avenue’
After the sale to Silvermark unraveled, the casino operator decided the bankruptcy filing was the “best avenue to realize and maximize the residual equity in Florida Gaming Centers Inc. -- which may exceed $50 million -- for the benefit of its creditors, shareholders” and other parties, according to court documents.
The company says on its website that it’s the world’s largest jai-alai operator and has been hosting matches since 1926.
The case is In re Florida Gaming Centers Inc., 13-bk-29597, U.S. Bankruptcy Court, Southern District of Florida (Miami).
To contact the reporter on this story: Michael Bathon in Wilmington, Delaware, at mbathon@bloomberg.net
FGMGQ may be worth north of $5
http://www.bloomberg.com/news/2013-08-20/jai-alai-operator-seeks-bankruptcy-after-lender-dispute.html?cmpid=yhoo
Jefferies valued the company at $50 million more than what Silvermark LLC was going to pay to acquire them ($180 million versus $130 million). The total shares outstanding even if you convert the preferred stock is 7 million, which would place the current stock price at $7+ if they are able to demand such a premium. Company is profitable-- last quarter they showed an outrageous operating profit of $4 million.
Just because a stock has a Q at the end of it and is going through bankrupcty does not mean it is worthless. General Growth Properties went through bankruptcy had a Q on it, and ended up running from $1 to $20.
Jai-Alai Operator Seeks Bankruptcy After Lender Dispute
By Michael Bathon - Aug 20, 2013 1:12 PM CT
Florida Gaming Centers Inc., which operates a casino and jai-alai frontons in Miami, sought bankruptcy protection after a dispute with its lender.
The company listed debt of $138.3 million and assets of $180 million in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Miami. Its parent, Florida Gaming Corp. (FGMG), and two other affiliates also sought court protection.
Florida Gaming opened a Miami casino in January 2012 to bolster its revenue as the fading popularity of jai-alai, often considered the world’s fastest sport with balls whizzing around sometimes faster than 180 miles per hour, threatened its viability, according to court papers.
The company “is now thriving and is a success by every measure but one: its relationship with its lender,” Daniel Licciardi, an executive vice president, said in court papers. The bankruptcy filing was “brought about by ABC Funding’s relentless effort to wrest control of Miami Jai-Alai and the casino,” he said.
Florida Gaming borrowed $87 million from a syndicate of lenders, led by agent ABC Funding LLC, to repay existing debt and fund the construction of the 60,000-square-foot casino, according to court filings.
Florida Gaming said ABC Funding determined that it was in technical default of the financing agreement and moved to foreclose on its assets. The casino operator said in court papers that it made all required payments.
The casino has more than 1,050 slot machines, a poker room and table games, as well as offering concerts and boxing matches, according to court documents. The company also has a Fort Pierce, Florida, location with jai-alai courts and inter-track wagering on horse and dog racing.
The company previously negotiated a sale of virtually all its assets to fellow casino operator Silvermark LLC for $115 million in cash and $14 million in assumed liabilities, court documents show. A provision in the financing agreement required Florida Gaming to make an additional payment to the lender if the assets are sold to third party. Jefferies LLC was hired to determine that amount, about $26.8 million, and valued the company at more than $180 million.
Florida Gaming said in court papers that the lender delayed the sale in an attempt to get more money and interest and to take ownership of the assets.
‘Best Avenue’
After the sale to Silvermark unraveled, the casino operator decided the bankruptcy filing was the “best avenue to realize and maximize the residual equity in Florida Gaming Centers Inc. -- which may exceed $50 million -- for the benefit of its creditors, shareholders” and other parties, according to court documents.
The company says on its website that it’s the world’s largest jai-alai operator and has been hosting matches since 1926.
The case is In re Florida Gaming Centers Inc., 13-bk-29597, U.S. Bankruptcy Court, Southern District of Florida (Miami).
To contact the reporter on this story: Michael Bathon in Wilmington, Delaware, at mbathon@bloomberg.net
KIK
Long time no talk! Any fun and exciting penny picks in your queue?
I have been buying more shares in LVWD, IZEA, MMRK, GAMR, MTLK, and ASCQ lately....
10bagger GAMR insider buying
10bagger-- I have been adding slightly to my position in GAMR. Interestingly enough, an insider (Miller III) picked up 93k shares last week at .33. This stock is dirt cheap. One day it will be appreciated.
Others that I have been adding to my positions on lately is LVWD, IZEA, MMRK, MTLK, & ASCQ.
LVWD
Hold this one over the next couple years-- wouldn't be surprised to see a stock price of $2-$3 by then.
I have been adding to my position in the low to mid 20s. Investors over-exaggerated on them pulling out of the community mgmt space. This is all about social media moderation & analytics. Take a look at FB's latest earnings report-- the growth is in tack. I'm looking for $3.5-$4 million in sales and .01 EPS. Expect better #s as the quarters go on... they are hiring big time. If you checked their site about 4 months ago, there was only 1 job posting. Now there is 7. Looks like they are looking for a VP of product development. I wouldn't be surprised if they start rolling out their analytic tools software to external companies (outside of their client base). This would be a huge driver for their bottom line as software generally has strong margins. Take a look at buddy media...they got bought out by SalesForce for $689 million due to the popuarlity of their analytic software for social media.
Another interesting company to check out is IZEA...also in the social media space...could turn out to be a big runner!
KIK
I use Etrade- love their platform.
I wonder if there is a bit of a hold up since they are Israeli. I was puzzled that they did not issue a dividend in calendar year 2012 since capital gains tax was lower in that year.
Or perhaps the dividend would be taxed at the Israeli tax rate?
I'm still thinking management will do something exciting with this stock.
MMRK may be back from the dead
This one has been perking up lately. The first six months of 2012 were solidly profitable with the company earning .02 EPS. The next half may show even stronger results as the company has been releasing several new products. It appears the company has weathered the storm and is now on the road to a profitable recovery. Hard to believe this used to trade at $5 per share and was giving out an annual cash dividend of 25 cents. Only 9.9 million shares outstanding and a low float-- share count has stayed consistent. Hopefully they provide some clarity on the convertible note you brought to our attention. If the convertible note was modified and does not contain the potential for large dilution, would you consider investing in the stock?
MTLK dividend
KIK did you get your cash dividend from MTLK? I think the press release said April 15th. I have not received anything yet.
blindman28
They are paying a low interest rate on the debt. The company is growing and profitabile-- they mentioned expanding into Italy & Germany in the last conference call. Cash & equivalents are strong. I wouldn't be concerned about it. This stock is trading at a ridiculously low valuation.
GAMR conference call
Management mentioned they plan on expanding into Germany & Italy in Europe.
It was an upbeat call.
EVTN 10-K
Sales for 2012 is around 773k.
Sounds like Q1 2013 will be profitable...from the 10-K...
"We received additional orders in excess of $800,000 in 2012 that will be recognized as revenue in 2013 as the products are shipped. If we include these orders with our 2012 revenues, our 2012 revenues would have decreased by only approximately 26% as compared to 2011. With the increased exposure and awareness of the Voraxial, we are completing more projects and are reviewing more inquiries and projects over the past 2 years than at any other time in our history. We believe the dissemination of data from previously installed Voraxial is creating an increase awareness and demand for the Voraxial. Management believes the increased awareness and deployments will contribute to an increase in 2013 and 2014 revenues."
Sounds like Q1 may include sales of 800k and profitable net income. I am holding my shares long term as I feel this company has great long terms prospects.
ELST (.35) Nice Q4 out .0126 EPS
Nice 10-k out on ELST. It seems like their results are getting stronger each quarter. For the quarter, appears sales around 660k and net income around 65k or .0126 EPS. For the year they had sales of 2.1 million and net income of 24k, or .0047 EPS
As of December 31, 2013 the company is sitting on $2,185,497 in cash, money market funds, and CDs. This equates to .424 cents per share. The book value is 57 cents. Pristine balance sheet.
GAMR belongs over $1
This is a great turn-around story. That Q4 EPS of .08 is spectacular. They are firing on all cylinders. Nice strong cash position too. Some big name hedge funds won't drop a single share until we see a Nasdaq listing I reckon....neither will I.
GAMR belongs over $1
This is a great turn-around story. That Q4 EPS of .08 is spectacular. They are firing on all cylinders. Nice strong cash position too. Some big name hedge funds won't drop a single share until we see a Nasdaq listing I reckon....neither will I.
IZEA (.48)
With the tiny share count (around 7 million I reckon), a $12 million sales pipeline for fiscal year 2013 (strong guidance), and some momo traders jumping on board-- this could pull off a scalded chimp run!
The name already has some heavy hitters involved, with Phillip Frost owning a large stake, the founder/CEO, Sandor Capital Master Fund, L.P., and Michael and Betsy Brauser TBE. The space is appealing (social media).
The last press release mentioned they plan on reducing costs to conserve cash. They just received a $1.5 million credit facility. Hopefully this one could turn profitable with a large spike in sales during FY2013.
IZEA (.35) conference call April 2nd
The 10-k should be filed by this Friday. The conference call is scheduled for next Tuesday. The most exciting aspect will be what guidance the company gives for fiscal year 2013. The current sales pipeline is $12 million. For the first 9 months of 2012, the company had sales of 3.9 million. The growth potential is huge, but profitability is questionable.
Current share count is around 5.1 million. This is a TINY low float microcap. I'm trading this one into earnings with 30k shares.
LVWD one ask slap away from 5-yr high
.35 by .377 now.
I notice some fellas on the Motherboard are questioning the cash comment.
Cash flow does not equate to profitability. They may be using the cash for capital spend, which would cause no impact on the bottom line. Additionally, if they plan on this extreme growth to continue, they need lots of cash to fund-- but their accounts receivable balance should go up. I think the company mentions the cash burn in every quarterly report because they want investors to know that they do not need to rely on external sources of financing to continue growing the company. They will be able to rely on their profits. This means no dilution for shareholders and our outstanding share count should stay flat. All positive for investors.
LVWD (.29) Absolutely beautiful financials!
Net income is absolutely skyrocketing with 714k for the quarter (.02 EPS). 40 cents today?
KIK thoughts on LVWD earnings?
What are your thoughts on LVWD's earnings tomorrow morning? I expect revenues to see a nice pop, though it seems they are also projecting expenses to go up-- last press release said they expect cash flow to decline in Q4.
Looking for possible $4.4 million in revenues based on backlog, though uncertain on net income/loss.
One way or another, I expect to see many more positives from this company in 2013. Are you holding all your shares?
LVWD comments
I am projecting strong revenues & earnings in Q4. Their last quarterly report stated they had backlog of $4.2 million through the end of the year- I project their sales will be at least this high in Q4. Their clients are quite impressive and they have been in several presentations/conferences relating to social media over the last several months. I bet this publicity will allow them to gather more clients. At the moment, their proprietary software is only available to their clients. If the company decides to start selling it's software to third-parties, it could be an extremely profitabile venture.
If you guys don't mind me asking, how many shares are you all holding?
LVWD (.33) earnings before the bell tomorrow
Per Liveworld's website, their earnings will be released tomorrow before the bell. I am looking for revenues of around $4.4 million based on their projected backlog through year-end. Hopefully net income could come in around 500k+. It appears the company has been hiring many people over the last couple quarters-- busy must be good.
It would be lovely if this one would upsite to the OTCBB.
Not sure if the current ask is accurate. It appears there are 125,000 shares being offered at 33 cents.
I have 100k shares and am holding patiently. I could see this one trading at a couple bucks within a couple years, of course dependent on them making the right moves and continued growth in social media.
re: AVTC Thanks guys
I put this on my radar when Bobwins mentioned it. I had it on my watchlist and when I saw the news tying it to MDBX, I jumped in. I took off another 50% of my holding in the mid 4s today. I am left with my original 30% investment that I will hold long-term. This may continue running, but I decided to dump more today since it seems like MDBX is rolling over.
Dropped 20% of my AVTC holding at 5.15
Wow..I had to as it hit my 5 target way earlier than I thought! This is unbelievable. Are any of you guys in on this play?
AVTC 3.70
Could this hit 5 by tomorrow? Most likely!
AVTC 3.40
I reckon this one is gonna continue popping huge on the MDBX hype.
AVTC (2)
I will place an outrageous guess that this stock will run to $5 within a week! All the hype behind MDBX and the fact that it has a tiny float and trades so damn fast. I got 5k shares around $1.49.
Share exchange done, reverse split done per quarterly
**To all those questioning whether a reverse stock split took place or whether the share-exchange with ABCO stockholders occurred, the quarterly report provides all the answers...the reverse split and share-exchange already took place! Directly from the quarterly report:
"As a result of the SEA, the outstanding shares of ENYC as of June 30, 2011 were restated in a one for twenty three (1 for 23) reverse division prior to the exchange to approximately 9% of the post exchange outstanding common shares... As a result of the reverse division there of all pre-acquisition shares of ENYC were cancelled and reissued as post reverse shares. Prior ENYC shareholders retained 1,375,730 shares or 9% of the post division shares. ABCO stockholders received 13,957,708 shares, 91% of the post division shares."
In August 2011, the Company began a second European private placement offering of restricted common stock to non USA citizens only. The offering consisted of up to 5,000,000 shares of common stock offered at the price of $0.40 USD per share. As of June 30, 2012, the Company had sold 4,380,242 shares. The offering has been terminated."
****Do the math: 1,375,730 prior ENYC shareholders + 13,957,708 ABCO stockholders + 4,380,242 shares to European private placement investors= 19,713,680 shares.
Per the quarterly report:
The total number of common shares outstanding was 19,833,680 as of June 30, 2012.
It appears that an additional 120,000 shares were issued, perhaps for consulting or as an award to one of the officers.
http://www.otcmarkets.com/financialReportViewer?symbol=ENYC&id=96351
ENYC (.048)- new VMC under 25 cents
10bagger-- Feel free to post on your other message board. This one looks like a great crapshoot. Popped huge today. Recent shares sold at 40 cents, and it looks like they are planning on selling more shares at 80 cents. Profitable, positive book value, and just posted their first filing in a long time today!
Total number of shares outstanding: 19,833,680 (of which 11,000,000 shares are owned by management)
If ABCO Energy is successful in raising $5 million at a stock price of 80 cents, then the total share count will equal 26,083,680
This is a profitable company. For the first six months ending June 30, 2012, total sales amounted to $1.17 million with net income of 85.7k. Assuming they achieve similar results for the second half of the year, we are looking at an annual revenue rate of around $2.3 million with $170k in net income (or .0086 annual EPS), with puts us on a PE of 5.6 at a stock price of .048.
Additionally, this stock currently has a strong balance sheet--as of June 30, 2012, the company has 770k in total assets of which 400k is in cash and liabilities only totaling 79k. Total book value is 690k (or about 3.5 cents!)
Another interesting tidbit from the filing-- They had an offering in August of 2011 and sold a decent chunk of shares at a stock price of 40 cents! This one should pop hard and fast. "In August 2011, the Company began a second European private placement offering of restricted common stock to non USA citizens only. The offering consisted of up to 5,000,000 shares of common stock offered at the price of $0.40 USD per share. As of June 30, 2012, the Company had sold 4,380,242 shares."
http://www.otcmarkets.com/financialReportViewer?symbol=ENYC&id=96351
ENYC mind-blowing fact sheet!
Total number of shares outstanding: 19,833,680 (of which 11,000,000 shares are owned by management)
If ABCO Energy is successful in raising $5 million at a stock price of 80 cents, then the total share count will equal 26,083,680
This is a profitable company. For the first six months ending June 30, 2012, total sales amounted to $1.17 million with net income of 85.7k. Assuming they achieve similar results for the second half of the year, we are looking at an annual revenue rate of around $2.3 million with $170k in net income (or .0086 annual EPS), with puts us on a PE of 5.6 at a stock price of .048.
Additionally, this stock currently has a strong balance sheet--as of June 30, 2012, the company has 770k in total assets of which 400k is in cash and liabilities only totaling 79k. Total book value is 690k (or about 3.5 cents!)
Another interesting tidbit from the filing-- They had an offering in August of 2011 and sold a decent chunk of shares at a stock price of 40 cents! This one should pop hard and fast. "In August 2011, the Company began a second European private placement offering of restricted common stock to non USA citizens only. The offering consisted of up to 5,000,000 shares of common stock offered at the price of $0.40 USD per share. As of June 30, 2012, the Company had sold 4,380,242 shares."
http://www.otcmarkets.com/financialReportViewer?symbol=ENYC&id=96351
SSP re: trade
I have a nice chunk at a cheap price. I have no plan on selling my shares anytime soon. I thought this pig was dead! Then today, BOOM a couple nice filings come out...
Any idea how to post images on here?
SSP Sorry about that my trade was on 7/20/11
I just checked my trading records...I got 50,000 shares at .01 on 7/20/11. I didn't realize there was volume on multiple days in 2011
There were trades in March 2011
I picked up 50k shares that day at .01 and have been holding them ever since.
This only has 20 million shares? Wowsa!
Could be a huge runner on all the hype-- especially if the offering takes place at 80 cents.