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I don't think so. Even if the company landed a contract or something in the future that equity would just be food for lawsuits for victims of this fraud.
Builds building it might go here
Still a good close. Tomorrow should move up like today IMO.
http://stockcharts.com/h-sc/ui?s=SFNN&p=D&b=5&g=0&id=p64601942513&a=103287086&am...
Yes just looking at that it is about to cross up. EOD run looking good here
2 left at .018 MACD might be turning back up on the 5 minute chart.
SFNN holding 75% gains might test HOD here.
0174 by 0175 1 on bid 1 on ask. Looks stable
Stalemate here until we get news. I can deal with that.
Yes amazing stock. Has been a solid winner this year and IHUB doesn't even notice it. Got to love it
SFNN holding gains might go another day or two. CHart
http://stockcharts.com/h-sc/ui?s=SFNN&p=D&b=5&g=0&id=p64601942513&a=103287086&am...
Me too looks like she is going to challenge .02 soon
Look at the weekly chart. Down trend clearly broken
http://stockcharts.com/h-sc/ui?s=SFNN&p=W&b=5&g=0&id=p23958207509&listNum=1&...
Fraud has no place in a capitalist system and in fact is a direct threat to it. The govt exists for two main purposes, to protect people from force and fraud. Fraud is not part of market capitalism it is a threat to it.
I don't see the point to your comment other than to try and start an argument. Sorry I am busy have a good day.
2 at .018
just playing the chart off the bottom
Give me a PE of 3 and I'll be happy. 5 and I'll be very happy...lol
SFNN running big on news.
Gone. I think .02 will go easily too. .03 might be a hurdle
.0141 with 2 left at .015 but it is going off at the ask so far. About to blow IMO
If .015 falls I think we are off to the races
Net income 2.8 million,.Net worth increased to $6.4 million.
Earnings per share for the year ended December 31, 2006 was $0.02
The market cap is only three million as of yesterday's close with a PPS of .01.
SFNN news! Since the market cap is only three million I think this is big news.
http://biz.yahoo.com/iw/070412/0237845.html
Shearson Financial Network, Inc. Reports Annual Earnings Increase
Thursday April 12, 9:00 am ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 12, 2007 -- Shearson Financial Network, www.sfnncorp.com, (OTC BB:SFNN.OB - News) announces that the company recorded earnings for the year ended December 31, 2006 of $2.8 million, as reported on Form 10-K, filed with the SEC today.
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Shearson Financial Network, Inc. reported net income of $2.8 million for the year ending December 31, 2006 as compared to a net loss of $11.0 million for the same period in the prior year. The company's mortgage operating unit, Shearson Home Loans, contributed $1.6 million to earnings. The value of Assets held by SFNN increased to $30.6 million for the year ended December 31, 2006 from $4.4 million in 2005, an increase of 590%. Net worth increased to $6.4 million from $(7.8) million during the same period, representing an increase of $14.2 million. Revenue from the originations of loans increased 25% or $1.7 million to $8.5 million. Selling and general administrative expenses decreased 11.6% or $1.3 million as compared to the same period in the prior year. Earnings per share for the year ended December 31, 2006 was $0.02 as compared to a loss per share of $0.50 from the year ended December 31, 2005.
"We are pleased with the operating results our company has reported for 2006," stated Michael Barron, the company's Chairman. "In a challenging mortgage market which has seen the demise of substantial players, Shearson has managed to earn its way into a stable position as compared to some of its competitors. We look forward to a prosperous 2007."
About Shearson Financial Network, Inc.
The company is a consolidator of independent mortgage brokerages. Shearson operates 17,538 sq. ft. of branch office space licensed in 33 states. The company currently is seeking new branches for its growing network. For more information, please visit the company's website at www.shearsonfinancialnetwork.com.
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected results and market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.
Bill sorry that was the wrong EPS.
So what is the EPS, .01? $2,757,432 net income with an O/S of 300 million. TIA
Yeah and the spread getting closer.
Thanks. Even a very conservative PE of 3 gives us a test of November's highs.
IWM, What is the EPS I didn't see it? Revenues looked good to me. TIA
Right now out market cap is 3 million. A price to sales ratio of 1 is considered a steal. So going by the revenues .025 PPS would still be a bargain. Again that is the bargain price. I have no clue what the market will do but that is how I see it. We did double bottom on the 120 day chart and the MACD turned up too.
Total revenue 8,532,953
The filing is right here on Yahoo Finance or on the SEC website. EPS .02 per share and we are sitting at .01 PPS. It should run.
http://biz.yahoo.com/e/070411/sfnn.ob10ksb.html
Nice call on ONGO-SFNN $2,757,432 net income for .02 a share earnings for the year. 10k out
I am so glad I didn't pull the trigger and sell going into close.
I don't know anybody heres motives but it is clear to me that this was a massive fraud.
Don't you think an EPS of 3-4 cents will push this up?
Fraud has no place in the market place. I agree it is not the same as market risk. Losing money due to market forces is one thing but having it stolen because of fraud (phony numbers, contracts, share structures.etc...) is another thing entirely.
We need a nice PR like the one in November with nice earnings per share.
I think it is the chart too. Blue sky break out on the dily and weekly charts.
PECB Blue Skies
ONGO New HOD