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This CEO better get off his can this week and update share holders on what's going on with this company's bank progress and anything else that is prevalent. I understand he is traveling this past week, but that's no excuse when your share price retreats on a daily basis like clockwork. I know the company has potential, but that is all I know. I hold 5 million shares and I am down over 50%. This company has diluted my holdings to death and I need an explanation as to future prospects and what this company is doing or will do to pay the share holder back for diluting our holdings.
I understand a company like this will dilute. I understand the dilution is about done for now according to posts that were e-mailed to other share holders and posted to this board. That said, any company that picks share holder pockets as bad as this company has the last month owes us news and an explanation at the very least!
I implore all concerned share holders to e-mail or call Prior or Lindsay and voice your concerns directly.
To better days..
News should also come out latter part of week or early the folowing week.
May I ask, what news are you expecting? Just heard about this stock, so I haven't done any DD to speak of yet. What is everyone so excited about? Isn't this company a BK case? Just asking, not bashing.
TIA
I use etrade pro and would like to know where you find the buys and sells at the end of the day is there a web site i can look at
Just enter a ticker in the stock quote box on any IHub page. Then once that page is loaded, click on trades in the upper row.
Alamo, I am reposting your conversation with Steve. Thank you for your time and effort in bringing that info to this board. :o)
OK. Whew! Just got off the phone with Steve. Yes, he has an English or Australian dialect. His call originated from the 760 area code. I wouldn't be surprised if it wasn't from the Encinitas address on the Nevada SOS filings. Here's what we covered...
He personally believes stock is "undervalued" and feels "stock value of .01 is realistic in the short term". He indicated there is "institutional interest".
He admitted the 'fundamental problem involved is having 2 businesses'. Manufacturing and Financial Services. He says 'we need to fix it'. He indicated that they both are very good business models and hold significant value. He says he'll 'figure it out before Thanksgiving'.
When asked about the Sponsor Bank, he shared the BIN is ordered and because it's a new process, they must get FDIC approval and Regulatory approval before they can officially announce the Bank. He is meeting with the Sponsor Bank and Regulators tomorrow. I repeat TOMORROW.
When asked about Meta Bank, who is active in the pre-paid card industry, Steve advised that they are a 'big bully' and although they are a 'good organization' they would 'limit our flexibility' and 'would limit our profitability'. For example, he shared that we would only gain '$3 per card Meta', but, 'could achieve $8 per card with our Sponsor Bank'.
As for shares, he advised the A/S is 2 billion. He firmly said, 'I won't increase'. As for O/S, he indicated he's only issued half that. He guesses the float to 300 - 400 million.
As for officing, he said his main office is in Shin Gin (sp?) and has 7 employees along with factory workers. He has 1 employee in Vegas, employees in San Diego and 4 in Orlando. In fact, they will be moving the Corporation to Orlando, FL. They will issue a PR when this move takes place.
He's fully aware of the need for info and is working to get the information out to shareholders. He was very optimistic and when I shared there is a number of us in the red, he said, 'hang in there'. He indicated he expects to release a PR by either EOW or next week. It may not be major news, but, we could 'anticipate very positive news within several weeks'.
I was pleasantly surprised at his returning of my call and he indicated he's in the process of doing it now. So, you may be next. In the meantime, I feel confident in recommending we buy down our average and load up in anticipation of the next run that is certain to come. GLTA!!!!
You attacked me because I posted a good phone number for a company you said did not exist. I have no idea what your rage/problem is or was about, but I can assure you this company is real and looking at better days ahead. Just call the number (1-702-789-1088) and speak to the company during normal business hours and your questions will be answered as sec regs allow. You need never post to me again.
Does this company actually make a profit? Can anyone answer this? Thanks.
I e-mailed them asking how they are paying down debt. They replied by saying debt was being paid via revenue generated by normal business activities and stock. One can argue dilution is a bad thing. One can argue debt is worse.
Looking at the potential for generating revenue after the new facility is complete helps ease the pain of dilution. At least the dilution here is constructive. Face facts, all company's dilute. Even big board company's dilute via secondary's and stock options. Look how badly the banks diluted this past year. I remember many company's announcing dilution only to have their shares soar upward on the news. Why did that happen? It happened because dilution was better than debt. Dilution allowed the company's to survive and prosper.
That is what is happening here. The company is paying down debt and fortifying it's future. When the new facility is up and running, profitability will come. Their labor will be low and profits will be high. Once a mother stores the stem cells, nothing else labor wise needs to be done to generate almost free profit at that point from annual fees. Only normal overhead will be involved.
I don't like the dilution, but I can live with it while the storage facility is being readied. At least this company can be verified, unlike many other BB and pink sheet company's.
You don't have any money cause you are a very stupid idiot!
I called that number this afternoon asshole. It does work! Just what the hell is your problem? I just called it again and got an after hours machine. Call it fool!
You have a serious problem dick head. Either you're crazy or short, or both.
1-702-789-1088
It just worked for me.
Why don't you call and ask them their address. They answer this number,
1-702-789-1088
They upped the authorized in August. I highly doubt they have diluted over a billion shares in a couple months, not even close. My guess would be just over a billion.
Technicals are really set up nice. My guess is we run for several more days, we'll see.
Thanks. Other than shares, what's your opinion on the company's business model? Does it have promise? Technicals sure look good here.
TIA
When and how do you know?
Pinks and BB stocks do not trade after hours. What happens is M&M's settle trades between them and other loose ends after the bell. It means nothing.
According to Pinksheets.com, there are 600 million outstanding shares and 400 million float. This is as of July 31st this year. One billion authorized. That's not so bad for a pinky. Look at today's volume, this is going much higher.
Up volume was 231 million and down volume was 143 million through regular hours. Form T trades were 24 million. Technicals are lined up for a big run.
Much more to come.
Look at a chart. Breaking out today on high volume. There will be at least two follow through days of buying. This is just following the same pattern many subbers have recently. When the M&M's run these, everyone makes money. Hang in there, this will see an easy double from here.
Do you have an idea about how many shares are in existance with this stock?
This baby wants to run. Anyone who sells at this level is crazy!! In the near term, see you at 1.00 and then 2.00 or more. Know how I know? We've been there before!
I bet you won't answer this question; how many more shares are in existance now than when it was over a dollar before?
Nice post, thanks.
And I sold 1.7 million shares on Friday. I left 18K on the table today. I hope the feaking rope don't snap before my neck does.
Afraid of the question and the facts?
Tell me why I should buy this stock. I just got done reading the 10Q for XHUA. In that report all I see is losses, very little revenue and what seems to be a very bad business plan considering the 500 or so company's that compete in the same space selling books in China according to the 10Q.
Also, one must consider the death spiral financing done with Cornell Capital. During 09 so far, Cornell Capital has been issued over 154 million shares. Cornell Capital is well known for shorting the company's shares it finances thus driving the company's shares downward where they can cover with money from converted share sales which were converted and sold at a higher price thus creating double profit all the while destroying the financed company.
I see nothing on this board addressing this issue. I have a feeling that is why this stock cannot get out of its own way. Perhaps it's being shorted by Cornell.
I'm not bashing, that's not my style. I just want to know if there's something I'm missing. I am always interested in potential opportunities, is this one of them, and why
.02 even was a .382 Fib retracement. If this holds, it will be extremely bulish for this stock. Looking good so far..
I bet you couldn't wait to give me some s**t.
What are you talking about ukie? I waited 5 days before giving you a little ribbing. :o) We will beat you guys by 10 in Chicago, LOL..
What ya think about that GB defense? That was game one. They will get better as they play more. The offense had a bad game. Aaron Rogers had a bad game along with the offensive line and a couple receivers. Once that is ironed out, GB's O will be top 5 in the league. They have weapons they didn't show in the Bear game.
Cutler is another Favre, but with less talent, IMO. He will throw many picks before the season is up. He is a head case also. In Denver, he was always in trouble with the media. Just my opinion, but I'm not so sure that was a good trade. Chicago acquired the 25-year-old and a 2009 fifth-round draft pick (140th overall) in exchange for quarterback Kyle Orton, first-round picks in 2009 (18th) and 2010 and a third-round pick (84th) in 2009.
He sure didn't live up to the cost as of game one. Don't mean to rub it in, but I think Kyle O with a couple good receivers would have served the Bears better.
Good Luck..
Bengals at GB.
That's one for me ukie. We'll get the second one on Dec. 13th in Chicago.
I bought 20K at $1.19. It will see $2 in a week or less.
This company made 5 cents a share profit and has 2 million cash. If you don't buy, you will miss out on a big gainer. The time is near.
It's breathing real hard.
Beneficial ownership may be shared among a group of individuals. If a beneficial owner controls a position of more than 5% it must file Schedule 13D under Section 12 of the Securities Exchange Act of 1934.
Section 13(g) is very similar to Section 13(d). However, the requirements of Section 13(g) are less burdensome because Section 13(g) is designed to require reporting by qualified institutional investors and passive investors which do not raise the types of concerns underlying Section 13(d). Under this section, reporting entities must file Schedule 13G, which is very similar to Schedule 13D but requires less information and, in most cases, must only be updated on an annual basis. Schedule 13G must be filed when a qualified institutional investor exceeds 5% of a class of outstanding registered equity securities provided they hold the securities due to their normal course of business and not to affect change or influence control of the issuer. Schedule 13G is actually combined with Schedule 13D.
An investment advisor registered with either a state or the SEC could be considered a qualified institutional investor and more likely subject to Section 13(g) as opposed to Section 13(d). A passive investor would be a person or entity that trades for its own account and does not fall within the definition of qualified institutional investor, e.g. broker/dealer, investment advisor, or insurance company. Schedule 13G must be filed within 45 days of the end of the calendar year in which the qualified institutional investor exceeds the 5% threshold. Going forward, amendments are required on an annual basis. Amendments are also required within 10 days after the end of a month in which beneficial ownership exceeds 10% or more and within 10 days after the end of a month when ownership increases or decreases by at least 5%.
I own almost 8 million shares or 38%.
Now that's a position. Where is your 10% holder filing?
I have no idea what you just said or refereed to.
Living, you hit the nail squarely on the head with that post. Luck to you..
If you have a good pick, post it. I'm in HTDS which is basing now, but chart says a double at minimum can be expected. I always trade the charts, they are the only thing one can really trust.
I was out at .075 and back in with 100,000 shares at .06. Then 100,000 at .0565 and then 200,000 at .0552 and then 300,000 at .051. I will hold till a dime unless my gut says sell.
Wish you were still in. This stock is going a lot higher. This stock will shake out the weak hearted traders and make those with staying power a lot of money.
Just a suggestion, when this breaks the upper channel resistance at .065, it will see the .083 highs. When it breaks those highs, a dime is next.
Today's up/down volume suggests there is not a dilution problem as bashers suggest. I do not believe the company dilutes into every PR like some suggest.
Have a great Labor Day holiday all..
About to rebound
We did just slightly more than a .618 Fib retracement. This stock has done that before and then recovered nicely. Expect a rebound soon. This company is making too much money to fail. Average down, you won't regret it.
You must be a basher since you said you sold yet you are still here. I will simply ignore you while CCTR rises and I continue to make a mint in my stock market hobby and you get paid pennies per post which is replied to.
Morning to you Digi,
What I was referring to was the new 30 million three year contract CCTR just recently inked and expansion into Africa and Hong Kong and the fact that PV announced 50 million for 09 upped 10 million from 08.
Debt here is not an issue. I discounted it because total assets were up over 1.2 million as of latest 10Q and total liabilities were down 900,000 year over year. Share holder equity rose from 4.4 to 7 million in the same period. Margins have increased to the point we currently have a 1 PE and PV is working on increasing them more. Net income rose from 362K to over 1.1 million same period.
Did it ever occur to you that we (the world) happens to be in a severe recession and PV did say that has affected CCTR? Are you here to bash now? Perhaps I should say, are you here to continue to bash as your posts always had a basher stench?
If you sold, why are you here?
This company is rapidly growing. They are improving margins and growing revenues at a good clip. The dilution issue is mainly from a reputation of other start-up companies the CEO has owned. This company just might be different. They have over 2 million in cash which puts a 5 cent floor on the stock price at 20 million outstanding. That said, at 5.9 cents a share cost, you are buying 5 cents a share insurance and paying 0.9 cent a share for 5 cents a share profit and ever expanding revenue from new contracts and future growth.
The above does not imply that there is no dilution on-going. They are expanding into Africa and Hong Kong. There are start-up costs involved. PV, the CEO, likes a clean balance sheet. He came through the recession smelling like a Rose. Dilution is an issue that scares many investors away. But, is it a bad thing here? There is absolutely zero chance of BK like there is with other BB and pink sheet company's. There could have been 50 million outstanding and this stock is still cheap. Why, again, 2 million cash. That covers 5 cents a share with no multiple. At 5.9 cents a share, we have opportunity to make a huge profit. Dilution shouldn't be a concern until this stock approaches fair value which should be about 50 cents a share at current outstanding, and that's figuring -0- growth in both revenue and profits going forward.
This is a BB company which means they must file an audited annual 10K which verifies revenue and profits filed in the 10Q's. I have read the 10K and see no problems. I suggest everyone should read the latest 10K.
One last thing, bashers are hear for many reasons, some personal and some professional. If you do your own DD, they cannot scare you out of this stock.