still alive and kicking
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This wasn't financing for them, it was financing they were hired for and got for a Radiological group in Ca. I other words, they were paid contractors to help this group achieve financing. So, they probably got some administrative and management % of the total amount which becomes revenues for our company. They didn't go into debt or sell shares, if that is what you are implying. When I first read the headlines, I was thinking like you but the article explains it. They could have headlined it a little better.
Anyone have an email address for lpdh? The contact web page on their site doesn't work.
thanks
I only saw an increase of ~ 200k shares over year 2008, not sure what dilution you are talking about? At this point, it doesn't seem they have the need to dilute unless they have an accruitive acquisition in mind going forward.
As I mentioned on another board, My guess is that they get about a 10% administrative fee (anyone else have a better estimate?) for landing and managing the capital for Radiology Associates plus the credentials needed to kick start more business.
LDPH - London & Pacific Healthcare Subsidiary, London & Pacific Capital Advisors, Completes Successful $7.2m Capital Raise
http://finance.yahoo.com/news/London-amp-Pacific-Healthcare-bw-15300612.html?.v=1
I think folks are afraid to jump in due to the low volume trading. Although I am not a trader, they have their usefulness by providing exit strategies should you need one. I will see that today's news is posted on the breaking news BB.
Sometimes you have to knock down the cobwebs and shake out the welcome mat!
I noticed some old OS information at the very top that you may want to get rid of. That was where I thought it wasn't being kept up. Thanks for the update at the bottom. Looks like there aren't a lot of posters here or the Yahoo board. It's a waiting game as the company expands. I think the management team have other professional careers (medical and legal) and this is something they are building (very well I must say) on the side. Definately keeps costs down and the bottom line looking good.
Suggest you put a link to the financials in the i-box and update the OS.
Also, could you add the 10k for 2008. It reads well and shows 2008 profit plus the fact that management is not taking salaries at this time. Dilution was kept to a bare minimum during 2008 as well.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19467
Personally, I think the company will be buying back some shares sometime in the future to get their SP where it belongs and get off the pinks. This is probably one of the most transparent pinkies I have seen concerning financials and disclosure. It may be the exception to the rule but we will see.
rags
I think that will be more the case where the restricted shares were issued to a less "attached" entity. If they are associates of the Company and truly see its potential, maybe they will hold. But yes, you may be able to at least know that the shares are hanging over you if you know the dates issued. I have always known them to be restricted for a year and didn't know of these amendments or the conditions that apply to them. At this point it is fairly obvious that folks are holding if the restrictions have lifted and\or they are still restricted. New investors should be weighing the questionable share structure in their decision to buy cypw.
Actually, although I haven't checked I kind of believe you on this one. I have pretty much concluded that shares are being used for product and services but also believe that they are restricted. There is no dumping going on as far as I can see and the float seems to be remaining constant.
The company really should assure share counts are transparent lest they want people to think they are a typical pink sheet company and treat them as such. That's my only complaint with cypw, the story is all good and looks more real every day.
I see your point but will probably hang for a while just to see where this goes by the end of the year. As long as the company is growing and not diluting, there is no hurry for me. Sounds like you have a good system though and know how to make money through trading. gl.
LDPH - London and Pacific Healthcare posts strong growth
http://finance.yahoo.com/news/London-amp-Pacific-Healthcare-bw-15212800.html?.v=1
This may be a sleeper. It is surely un-noticed. JMO
I just posted this on Yahoo,
Looks like HealthSPAC, LLC is part of the EQUUS portfolio. Equus financials look pretty sound and probably did better DD than most of us do to include HealthSPAC.
http://www.equuscap.com/portfolio_companies.htm
From the 10-K ( http://biz.yahoo.com/e/090331/eqs10-k.html )
Possible Share Repurchase. As a closed-end business development company, the Fund's shares of common stock are not redeemable at the option of stockholders, and its shares currently trade at a discount to their net asset value. The Fund's board of directors has determined that it would be in the best interests of its stockholders to reduce or eliminate this market value discount. Accordingly, the Fund has been authorized to, and may from time to time, repurchase shares of its outstanding common stock (including by means of tender offers or privately negotiated transactions) in an effort to reduce or eliminate this market discount or to increase the net asset value of the Fund's shares. The Fund is not required to undertake any such share repurchases.
Another interesting paragraph from the 10K
Management is currently evaluating the impact of current market conditions on its portfolio company valuations and their ability to provide current income. Management has followed valuation techniques in a consistent manner; however, it is cognizant of current market conditions that might effect future valuations of portfolio securities. If necessary to meet the Fund's investment commitments of $4.2 million, the Fund has a secured $7.5 million revolving line of credit facility with Amegy Bank. The Fund has not yet borrowed under this facility. The Fund believes that its operating cash flow and cash on hand will be sufficient to meet operating requirements and to finance routine capital expenditures through the next twelve months.
Here’s the link to the Pink Sheet Quarterly Report
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=21005
This one looks pretty good IMO.
yep, you snooze and sit back to collect your laurels and next thing you know some whippersnapper has done come out and yanked the market out from under you with something better. Always need to improve and retain a healthy portion of paranoia. Hopefully, Harry will build a solid team under him that can keep this happening and bring in young players with new skills as time goes on. Then he can sit back and rest his feet for sure.
Bugsy and Vinnie ain't gonna like dat somebody was messin' around on dere turf
Do you know the accountant's address and does he\she have any children? Maybe my cousins Bugsy and Sonny can find a way to speed it up a little.
If only birthdays came so slow. Wouldn't this be the exception to the rule to see a pinkie rise from the dead like this. If nothing else, it will be historical and we will be hanging Jerseyboy's portrait on the wall behind the desk in Gil's oval office.
Thanks skibum, is that 14 days in Gil days or solar days .. lol. Just funnin'. I am cautiously optimistic that this company will be trading again versus very pessimistic prior to your post. I do take the 14 days with a grain of salt though but figure that I wasn't going to null out my shares until the end of the year anyway just in case. So, 14 Gil days will be fine with me. gl rags
I know the Postal Service is looking hard at fuel cells. eom
It is obvious that the Cyclone has many interested in its theoretical implications. The fact is that some major hitters believe that the reality of working cyclone engines is not too far around the corner and that it is something that can be modified to their needs successfully. I disagree with Arnold's assessment that the upfront money is contingent on a working prototype. I believe the companies involved used sound scientific and engineering analysis before risking intellectual resources and up front capital. It is a fact, that engineers from our partnering companies have been committed to working on the R&D aspects of the Cyclone. I believe that their R&D contributions to the Cyclone is being paid through their respective companies and that Harry is neither shelling out money for their expenses nor for much of the materials and supplies generated from their ideas for modifications of the engine to fit their company's requirements.
Unless there are more surprises, Bent Glass will be the first in the field working model of the WHE. If it is successful, then interest will rise proportionately. Military applications of the Cyclone, I suspect, will be long in evolving as the risks are much higher (lives may depend on it) and they pretty much kick the wheels thousands of times before putting something in the field. That's the military. Nice to see their interest but I don't think we will be seeing much from them soon. If so, I will be floored. Now, this whole thing with Renovalia Energy and the solar thermal engines … sounds like the next big opportunity (after the WHE) we will see hit the market. Although we had heard the company discuss the solar thermal possibilities, to see a company of this stature jump in and give it a kick start was motivating. I think margins will be pretty good for these products as licensing fees and continuing royalty payments have little overhead for CYPW. Most of the overhead and operating expenses with CYPW will be up front R&D costs, the back half should be high margin profits, especially since they are not in the manufacturing part of the business. I think of the analogy of a drug company who spends millions up front then sits back once their drug has been FDA approved and regains their losses plus a lot more. Of course, all of what I have said is reliant on these smart engineers and scientists working things out and making it a reality. To be honest, I am not at huge risk here but have found a keen interest in holding shares for the huge potential that is within CYPW’s grasp. All IMO .. rags
I see that now, thanks to buenijo too. I check in before work and at lunchtime most of the time so I miss some stuff if I am in a hurry.
Haven't seen that one Kat, thanks for digging it up! eom
This is cool and quite unexpected! Keep 'em coming Cyclone!!
Thanks Piece and Cee-it. It may be that grants or reduced interest loans may be more easily won at the industry\facility level. I was just wondering if the R&D side of things had some potential since the cyclone can burn short cycle carbon fuels, etc.
Piece, or anyone else
Does anyone know if there is any grant money available through the Recovery Act for what Cyclone is doing and whether the company has applied for any?
My thoughts are with you Jersey, hope you are compensated for your work. Do you know of any news items that have been written about GSI in any local newspaper, etc.? Anything that would acknowledge that the company is creating business?
That is the concern, is relisting their only goal and for what purpose. If they do relist, there will be financials that, we hope, will reveal that the company has been doing something in the meantime. If there is no evidence of that, then the only purpose for relisting is for insiders to dump their shares or maybe there is someone interested in buying the company once they understand the asset and liability situation. Either way, I am not expecting much and will wipe out my shares for tax purposes this year if nothing comes of it by December. At least there is that.
just imo
rags
Comparing the cyclone to a diesel engine is an appropriate frame of reference, comparing the diesel to the space shuttle is not. But, thanks for not adding nuts,bolts, and pins to your list of untested parts.
Don't think so Kat, most companies reveal their terms of payment when they make contracts to provide quarter to quarter transparency.
Piecemaker,
Have monthly and\or quarterly payments been spelled out and signed into the agreement or are their conditions on the licensing payments? Also, is this an exclusive contract or can Cyclone contract with other companies in the meantime for the WHE?
thanks
rags
thanks Marc, for a pink sheet stock this is excellent disclosure. Hopefully, their assets will creep up on and exceed their liabilities by the end of the year and they will have some leverage for borrowing. Right now, it looks like they still need to dilute unless a major partner steps in. Overall though, I am pleased that the company issued such an informative annual financial document that exceeds information that I have seen for most pink sheet stocks. This does give me confidence that they are thinking about shareholders and potential listing to the OTC.
Hope so, gl.. eom
Kat, although cypw has decent reward potential it also has great risk being on the pinks and with dilution being a constant issue. I am only saying this as you mentioned this stock as a basis for supporting your family. There are a lot of large exchange companies right now (e.g. GE) that have been knocked down to the point where they may be better investments for the family. In other words, I wouldn't risk more in this company than I can afford to lose. Until the company gets off the ground and brings in revenue, dilution will continue and risk remains high. CYPW has pretty smart people running the R&D side of the business but they still haven't cracked into the market to the point where you can really say they have a foot in the door. Getting Bent Glass up and running with some real world results will go a long way in validating the WHE system. The military side of things may take years if ever IMO. Maybe they have a small engine about ready to go for lawn care products, etc. but no proof of that yet other than an obscure agreement with a small time (unsearchable) company made last year. Retiring 1/2 or more of their AS would be a great way to give us confidence that they have a revenue stream from external sources (Raytheon, etc.) working with their engineers. Getting off the pinks would further demonstrate that the company is ready to seriously court a higher level of investors who are not insiders.
Todays news was nice but it appears to be from a pretty small company in cahoots with CYPW. My guess is that two inventors are pooling the resources of their two companies to put together the WHE systems. Not sure where the $500,000 over the next year licensing fees are coming from but it almost sounded more conjecture (the words were a little wiggly) than a real contractual agreement. The good thing to me was that they were working on the Bent Glass project and, I suspect, they wouldn't have inked this agreement if they didn't have a real sense that Bent Glass was going to be successful. all IMO. I strongly suggest to any new investor of cypw to buy a small core amount of shares with money you can afford to lose and stow them away until the company gains its footing. all IMO of course
rags
Here's a link to the news
http://finance.yahoo.com/news/Cyclone-Power-Technologies-bw-14995031.html?.v=1
I think that once we see Bent Glass up and running, this news will have more weight. Last I heard through the grapevine, Bent Glass may be up and running by the end of May. At one point, I think they were having problems with the electrical conversion (inversion) but that has been corrected. Once they get that one going, the news above will have a lot more pull for new investors.
agree with you cee-it, but until it is a level playing field for all only those companies that play fair will get burned. I think that is your point but just giving my slant. That is the nature of the investor community today. One permeated by greed and corruption. The best thing the company could do would be to get out of the pinks and join a little more regulated group of companies. I hope that happens soon after they start achieving revenue from product sales.
Appreciate your update Fraz. Been out of town all week so just now catching up. gl
I expect we will hear about the completion of the Bent Glass installation within a month or two. I think a real world working system will be the plum in the pie. Not much to say until we see some real life results. Glta, not buying and not selling, just sitting and waiting. rags
If I were Jersey I would assure that I was compensated for the work already performed before pursuing any more work for this company. Not to say that I wouldn't appreciate it if he sacrificed himself for the good of the whole and all. lol