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An important factor is also to what use are they appling the equity of the company
1. Paying off legal fees...no
2. Buying your brand new trophy wife an extravagent birthday party...no, but it has been done
http://moneycentral.msn.com/content/invest/extra/P64581.asp
4. Siphoning cash into offshore accounts...I hope not
3. Purchasing a profitable company to increase the earnings potential of the conglomerate...Yes Please
Equity Financing
http://www.investopedia.com/terms/e/equityfinancing.asp
Share Capital
http://www.investopedia.com/terms/s/sharecapital.asp
What an equity company does with the stock they receive is really up to them if they are unrestricted freetrading shares.
There are multiple ways for them to make money off of the same shares.
Short the stock and dump the shares that they hold on the market.
Cover at the lower price that they have created. Resell when the price recovers.
They can really manipulate the crap out of an issue, the important thing is when you jump on the bandwagon or how long you can stand the manipulation without capitulating.
They are making money off of you the investor, after receipt of the initial shares. It isn't really a reflection on the earnings capability of the company. As long as the company dosen't relinquish too much equity and lose control of the operation or direction. Where the shares come from is also important.
I'm just attempting to learn here so anyone feel free to correct my ideas or add
Ancient Chinese proverb:
If a man has something to sell, better to shout it to the wind than to whisper in the well.
I have also found that almost in every case these targets they predict are best case. I have yet to see a stock in my experience reach one.
It has been my experience that most if not all companies pay for this kind of analyst coverage.
They do not compensate the analyst directly, but they pay the representative company.
Taken from their disclaimer
Beacon has directly been compensated thirty thousand free trading shares by non-controlling third party shareholder (Radius IR) for enrollment in its research program.
Some further examples would be Redchip, Dutton, I am familiar with both of these and I believe they are compensated for their services.
Lisa Springer, MBA, CFA
--------------------------------------------------------------------------------
http://www.redchip.com/independent/about.asp?show=team
http://www.beaconequityresearch.com/index.php?option=com_content&task=view&id=22&Itemid=...
Beacon Equity Research Report
http://www.beaconequityresearch.com/report/CFRI.pdf
Check out the web site, they have a pretty cool commercial for Conforce on their header
Conforce International, Inc. Rated 'Speculative Buy,' Target Price $1.25 by Beacon Eq
--------------------------------------------------------------------------------
May 29, 2007
DALLAS, May 29, 2007 (BUSINESS WIRE) --
Conforce International, Inc. (PINK SHEETS: CFRI) has been rated "Speculative Buy" with a target price of $1.25 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com
.058 would be just great .059 would be fine...etc
I'm sorry, I was misinformed by the quote information provided on this page at the center which list O/S at 17.77
http://www.investorshub.com/boards/quotes.asp?ticker=ONGO&qm_page=61284&qm_symbol=ONGO
The Nasdaq quote page lists almost 73 mil.
http://quotes.nasdaq.com/quote.dll?mode=stock&page=multi&symbol=ongo&symbol=&symbol=....
My face is red, but still a big day volume wise.
PS someone here brought this to my attention. Thank you
Over half of the O/S shares traded today with an over 50% increase.
This will hit a lot of triggers today
Starting to generate some interest now
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=ONG....
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=ONG....
http://www.smallcapcenter.com/story.asp?mysection=headlines&mypage=newsalerts.asp&ticker=ONG...
If you are selling today I hate you...lol
I can't PM you here.
New Order
http://biz.yahoo.com/prnews/070524/nyth049.html?.v=97
Edit...
Sorry didn't see previous post.
I also have owned NXXI many times. It was the simularity and potential market that drew my attention to efsf. NXXI proved to be extremely reactive to news releases. Some of those press releases created more bag holders than samsonite. NXXI never held on to its gain because they can never show a profit. Great trading stock though if you can buy in during the quiet times.
I don't own any NXXI right now and I'm not pumping. I do own EFSF, and I'm hopeful for the same type of play
As a moderator don't you feel an obligation to post something worthwhile occasionally?
I will admit you have a sense of humor, and you are amusing.
Just a little more than an opinion might be in order.
Just a thought, you have the right to post as you want.
Maybe I'm to serious for my own good. I should lighten up
Here's a link to the home page.
http://willywizard.com/willy_main.html
on the left is the tab for pinks
Here's what it says
Pink Sheet: CFRI News
Web Site: http://www.conforce.buildingmy.com
Management of the company has been in the container business for over 25 years. In addition to the company's terminal operations division that provides complete services to the International steamship lines through its 5,000+ container facility, Conforce has developed a revolutionary composite product designed to change the way shipping containers are made, worldwide. The environmentally friendly product, registered as EKO-FLOR, was recently certified by the American Bureau of Shipping for use in shipping containers. The product was officially launched on December 5th, 2006 at the 31st annual Intermodal Conference in Hamburg Germany, the world's leading container event. For more information on the Company, its EKO-FLOR product, or its Terminal Operations.
Chart Link: http://tinyurl.com/yfkea8 Hit Back Button To Return
I've deseminated way more info on the web than this for free
Wall St . net
The interview is available
http://www.wallst.net/audio/audio.asp?ticker=CFRI&id=3419
I was only trying to make some sense of today. I really don't have any answer.
We'll see if the issue is addressed at the interview with Meet the CEO. Please, I would advise anyone to email a question about today.
I received a response from them assuring me that they would pose my question.
Here is what I sent
Sent: Tuesday, May 22, 2007 1:56 PM
To: info@meettheceo.com
Subject: Question for Conforce
Marino
Do you have any information or opinion concerning the dramatic drop in share price today.
Yours truly
Here's my guess. They must have paid for these three recent promotional venues with shares.
WallSt.net
Worldwide Ass.
Meet the CEO.
Those shares are now being sold.
Like I said just a guess, but not abnormal for a small company to do.
I'm not pleased though.
Still too many willing to sell cheap.
Its going to be a hard road up
Spread tightning up, Bid moving up, I like it.
Sellers need to die (literally)
Someone is buying. Pretty nice volume today although I can't explain the readyness to sell. Should have been higher already.
People taking small profit or limited losses I guess.
I won't sell anything for less than double. Then maybe just half.
Nope I really don't know anybody. I bought a few shares of this (ongo) just because it had fallen so far and I really couldn't find a reason to justify it. Strickly a crap shoot for me.
My idea is you're not going to get the current numbers without paying
Number 81 on this list
http://www.buyins.net/tools/short_list.php?ssd=20070521
ONGO Last: 0.016 Change: -0.0005(-3.03%) Volume: 101.41 k Last Trade: 9:36
Business Description:
The Company is in the business as a value added distributor of computer and computer related products.
Address: 85 Corstate Avenue, Unit # 1, Concord, Ontario, CN L4K 4Y2
Telephone:
(905) 760-2987
Website:
www.otgtech.com
Facsimile:
(905) 660-5738
Email:
info@otgtech.com
Details
CEO:
Stuart Turk
Employees:
62
Market Cap:
284.27 k
Issue Type:
Common Stock
S&P Rating:
Auditor: Danziger & Hochman
Last Audit: Unqualified
Indices:
Industry Classifications
Sector:
Services
CIK:
0001126302
Industry: Wholesale
NAICS: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (423430)
QM ID: Computers Wholesale (755)
SIC: Computers And Computer Peripheral Equipment And Software (5045)
Profitability
Management Effectiveness
Gross Margin:
18.00
Return on Equity:
EBIT Margin:
-10.20
Return on Capital:
-82.70
Profit Margin:
-17.50
Return on Assets:
-46.80
Share Statistics
Outstanding:
17.77 m
Float:
I'm sorry, what do you mean by SI. Shares Issued?
I like the sound of this. This company
http://www.atcbv.com/beginUK.html
A.T.C. Houthandel B.V.
Is a material provider. I think that is better than just 1 manufactuer because these are the people the manufactuers go to for materials.
Increased exposure, expanded markets in Europe. New product going into field trials. What else could you expect from a small company with a new product?
You know the beautiful thing about the internet?
You can make almost any statement you want, no matter how wrong it is. When the facts finally catch up with you, you can just go away.
News...
This is the kind of news you like to read
http://biz.yahoo.com/bw/070516/20070516005343.html?.v=1
OT...Flatsixer
I bought into a depressed Canadian firm...ONGO
I can't believe who's posting on the IH message board
Here we go again
OMG
I can't believe it
It must be the Canadian thing
HERE WE GO AGAIN !!!!
IMHO Of Course
Well Good Evening.
Had to go pick my daughter at school 2 hours away or I would have replied sooner.
It was really a hand patting session more than anything.
It was not as specific as you may have wished, however here are a couple of direct responses taken right off of the email. (you may be able to deduce the question from the response)
"We do not control the market."
"The reason customers names are not in Press Releases is they don’t want it there."
"Our numbers reported to the SEC in our 10 Q’s and 10 k are audited numbers and speak for what the company is doing. If you look at the information you will see that we are on a path to cleaning up outside debt and turning the corner as stated in our press releases."
"Hope this helps"
Best regards,
ONGO
there actually is another ekoflor web site that has nothing to do with conforce
Hows your Polish
http://www.ekoflor.com/
Maybe they only registered the domain name so they would have it.
http://reports.internic.net/cgi/whois?whois_nic=eko-flor.com&type=domain