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O'kay, how to spin this. We are green for the moment, unless the whack idiot hits at the end of the day. The RSI has turned up and pointing in the right direction. Close at .40 and we close above the 10 day ave. Massive volume all of 8000 shares. Either I quit trading or learn to drink.
My whole portfolio looks like that right now. EFOI is actually the one that looks the 'best.'
I believe you are correct on each point. Just was able to talk to the CFO and didn't think through my questions - I believe it's all good long term. Not too hot right now though.
It was too spontaneous of a call. If I'd been thinking instead of just reacting to the .35 share I would have thought to ask what they were planning to do do get back over a buck.
Hey man, good luck in your next trades. Going to hang here for a while yet.
Don't know if it's big time or small player stuff, but we've been painted down a lot.
.35 and now .39. Nice grab.
This one and that other one?... Yeah, me too.
For the moment, apparently. Signed multi million dollar contracts, gearing up for production, hiring more people, foot in the door to some more major Gov't money, and OTC prices. Go figure... Oh, yeah and an amazingly low OS.
O'kay and FWIW,
Just got off the phone with Mark Plush, CFO answered on the first ring.
1. No insiders are selling that he is aware off. Gelbaum is history and not applicable now.
2. Navy contract start shipping in Q4 as stated in conference call.
3. 5M revenue not impacting unti 2012.
4. No problems expected in production on either contracts.
Other than current overall market sentiment, didn't have a concrete answer to current SP. Just as baffled as we are. Friendly guy, willing to visit.
Looks like just lag time. Longer term hold as was expected. IMHO
Also, looks like the old IR guy is gone - never could get a hold of him anyway and Mark, CFO is the contact guy for IR.
o'kay. Wow. .35
Will just keep scratching my head for now. Fundamentals will have to catch up sometime. The last 5M contract was for their Energy Solutions Dept. which was one of the drags on their income statement from the last two quarters. If their slow area is gaining ground...come on people figure it out.
Out all day, but this is just getting silly. Who has shares less than .37 that would make that a smart sell?
Just digging for kicks and giggles.
MIDSUMMER INVESTMENT LTD
Main Menu
News + Filings
Transactions
Holdings
Changes: All | New | Increased | Decreased | Sold Out Portfolio as of:
Name Ticker Class Shares Change Value Change % Port % OS Hist Date
pSivida Corp. PSDV COM 1,146,305 1,146,305 3,874,511 3,874,511 Hist 06/19/2008
ENERGY FOCUS, INC/DE EFOI Common 1,048,536 1,048,536 3,229,491 3,229,491 Hist 03/13/2008
VIKING SYSTEMS INC VKNG Common 7,806,899 7,806,899 2,342,070 2,342,070 Hist 12/31/2010
EPIC ENERGY RESOURCES, INC. EPCC Common 2,335,010 2,335,010 980,704 980,704 Hist 09/24/2008
PAINCARE HOLDINGS INC PRXZ Cmn 5,853,362 5,853,362 526,803 526,803 Hist 01/25/2008
In 2008, Midsummer had 1,048,536 common shares of EFOI. Which they apparently sold in 2010.
http://www.rocketfinancial.net/Holdings.aspx?id=1519&fC=2
.39 was there, but .40 seems pretty solid. My average is .44 right now. Never have snagged any .40's. Kansas, hence the scarecrow.
Based on the SEC filings for insider transactions, all of them still hold their shares. There has been only one insider who has sold, and unfortunately he had a bucket load to sell - David Gelbaum. He decided to unload his position for personal reasons, at the first of the year. It was one of the reasons the SP was under so much pressure prior to the two new contracts. He has over a million left, but is, I believe under some restrictions on selling right now.
The Yahoo page for EFOI has all the SEC filings listed for insider transactions. That is where I pulled those names and numbers. Of Course Edgar filings have their own site for all company filings.
Midsummer wasn't listed as an insider holder and looks like it is simply an investment group who once held EFOI shares. I checked out their filings on Edgar and EFOI wasn't the only company they sold out on. Hope that helps and welcome any corrections in my opinions and assumptions. GLTU
Edit by me.
At the time Midsummer was getting rid of their shares for whatever reason, these guys were buying shares of EFOI.
Jan 3, 2011 KAVESKI JOSEPH G.
Officer 13,021 Direct Acquisition (Non Open Market) at $0.96 per share. 12,500
Jan 3, 2011 BERCHTOLD NICHOLAS G
Officer 9,115 Direct Acquisition (Non Open Market) at $0.96 per share. 8,750
Jan 3, 2011 HILLIARD ERIC
Officer 9,896 Direct Acquisition (Non Open Market) at $0.96 per share. 9,500
Jan 3, 2011 DAVENPORT JOHN
Officer 52,083 Direct Acquisition (Non Open Market) at $0.96 per share. 49,999
Jan 3, 2011 BUELOW ROGER
Officer 9,115 Direct Acquisition (Non Open Market) at $0.96 per share. 8,750
First, thank you.
Initial impressions, opinions and assumptions. It is an amended form, which is apparently from 2010 - the date Dec. 31, 2010. If that is the case, anything from 2010 is trumped by the 23 million Navy contract and the more recent 5 million contract. Questions I would have is: What is being amended from the original filing, and how many shares? Plus, Midsummer Investments are based out of Bermuda? An offshore fund?
Welcome any other opinions or insight. EFOI
Filings? Link? Quick look didn't show anything. Midsummer wasn't listed as a major holder. Details please.
Do not doubt that - just boring in the meantime. With the ext in place I am willing to wait until the SP reflects the new contracts.
Still holding. Looking at some dogs to kick out to add some more. But, whats with the forty cents. Man, it can't get away from there.
At least EFOI has some volume. Got to gain some traction sometime here. Geez sitting in a mall food court just to get online - was going through withdrawal. LOL
Thanks for holding the fort over at that movie site. Bought a little early on that one, so hoping for a turn around.
Spent most the day trying to find a wifi spot. Traveling. It baffles me.....40 is dug in like a tick. It's probably my jinx affect at work.
Originally, they had until Nov. to get back above $1. My understanding now is that they have been given an extension on that into next year, just a simple filing they had to do. Check back a few posts to one early by LTG. He stated the time line and I am on the road working from memory.
Thanks for finding that. Another million bucks and gearing up with hiring workers.
"Founded in 1985 as Fiberstars Inc., the company changed its name to Energy Focus in 2007, and is located on Aurora Road, where it currently employs 50 and plans to add another 100 production-related jobs over the next five years."
This has got to bust loose sooner or later. IMHO
Definitely has some legs on it.
Never paid any attention to the brand, but the new commercials caught my eye. Looks like they are making an effort to re-group and re-market the brand.
I've got it on watch. A double would be a nice trade.
I was waiting for money to clear and was a day too late to catch the .80's, then it ran, and kept on going. If by any chance it drops again, .80's appear to be a good entry. With the market what it is, there should be some more out there. GLTU
$28 Million in new contracts - the price has to catch up sooner or later.
Sweet news! More contracts, more revenue! Looking good.
Booger! I didn't get in, in time. It's running without me.
Just looked, futures are way down right now. Tomorrow will be interesting. Watching several big board things right now looking for a possible entry. May need to sit a bit. Usually I get in a hurry and buy too soon.
Thanks for the chart. If I am reading it right, it's looking like bottom. Will be watching Tuesday AM. .82 does seem to be holding bounced off it more than once now. Would be nice to catch a .20 pop.
Not in yet, but .82 seems to be holding. Tuesday AM.
Waiting to see if bottom. Walking away today and come back next week. GLTU
Picked up on this PM. Not interested in the company, but just a bounce(ing?) play. Hit .82 and rebounded and then .82 again today. Try to judge a bottom and hope for a .15 - .20 pop. If anyone else is out there.