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You have to reread my post. Information from the company should not be sent directly to this board. It should be initially posted on a company sponsored location....providing free and unabated to all people.
We can then copy or reference it here, and discuss it. However, the origination should not be HERE....therefore no debate over its validity or censorship.
I rarely communicate directly to Michael. I am not on his email list, as my communication has been by phone, when appropriate. However, since he does read these posts, let me communicate this:
1. Using a public forum as medium to directly communicate official or nonofficial company information is not appropriate.
2. The Town Forum was issued by a CashNow press release as a venue to allow management to communicate information directly to shareholders.
3. The Town Forum is not operational
To solve our ongoing issue of loose emails and debates of censorship, please complete the Town Forum. Use this facility to post both PR's and non-official communication. Then, this public forum will be used solely to discuss information.
Thank You
Please take this argument offline to private messages.
Yes KA12
What is SPIN doing here? Anyone know this MM?
Positive BusinessWeek Article on HSOA
Home Solutions of America (HSOA ) (HSOA), a provider of recovery and rebuilding services when houses or offices have been damaged by flood, fire, or other calamities, acts like a first responder. States and insurers hire Home Solutions for such work. On Apr. 9 it was selected for a $13.7 million New Orleans infrastructure project, including rebuilding school playgrounds, sidewalks in the French Quarter, and the Orleans Parish sheriff's office. "HSOA has a large number of backlog orders, and it expects 25% of 2007 revenues to come from New Orleans," says Bert Francis of Missouri Valley Partners, which owns 910,000 shares. The stock dropped from 7 on Feb. 5 to 4.83 on Apr. 18 because of delays in contract payments and heavy short-selling. The bears fear that stiff competition and funding problems will make HSOA run short of money. But Francis isn't worried: "HSOA missed its estimates in 2006, but we expect a recovery in 2007." Francis sees HSOA rising to 8.25 in a year. David Yuschak of Sanders Morris Harris (it did banking for HSOA) rates it a buy and forecasts profits of 61 cents a share in 2007 on sales of $218 million and 79 cents in 2008 on $273 million, up from 39 cents in 2006 on $127 million. He expects the rebuilding of the Gulf Coast will finally get funding from the government and insurers.
This is an excellent sample of how a r/m can work in our favor. In addition, our reverse merge will place us in OTCBB. With that, we get a huge addition of investors not willing to play in pinks. So our market cap should see a huge pop from our measily under $5mil to $50-$100 million (my short term goal). In 2008, once all these business efforts start to fully pan out, I expect a market cap well in excess of $100mil....especially once we are a Forex fully certified broker-dealer, on top of the other divisions.
Once again, I am loving this chart example showing pps ramp post r/m.
The shares being paid to management in lieu of salary is restricted shares. Restricted shares are not in the float. Management would not be able to sell those shares for at least 1 year. So their goal is to make sure the shares price is very high, and stable, in that timeframe.
No, its 1-2 years. If you want to speak in month terms, then it is 12-24 months restricted.
Agreed, living'nstyle. It is absurd to think that there would be a 1:1 share exchange. Perhaps Michael was rather indicating that the OTCBB's they are looking to acquire have similar market caps to us right now (ie, $5mil). Maybe that is what 1:1 meant?
Either way, when the details are worked out we will see the result. I would not mind some kind of r/s as part of the r/m to get us trading upwards of the $1 range. That will allure a ton more investors/traders to this equity. Our market cap should be at least 5x from where we are right now, imo. Moving to OTCBB and getting our pps to a 'less scary' level will easily attract tons of new capital so we can see our valuation back to a more reasonable heights.
BTW: PeopleMark added for you
Would you rather have 2 billion shares hitting the float that can be immediately sold by the company(s) we are acquiring? Restricted shares are GOOD!! It means that we are basically deferring payment of the M&A for 1-2 years. Why is that bad? I don't follow your reasoning.
Here is an online definition:
========
Not all shares of stock are created equally. Authorized, restricted, float, outstanding and treasury shares all have different attributes. Investors need to know these terms to make informed decisions.
You will hear these terms and see some of them used in financial ratios, so it is important to understand how these types of shares differ.
First, let's define the terms, and then I'll explain why it is important to understand the difference.
Authorized Shares - These shares represent the total number of shares of stock authorized when the company was created. Only a vote by the shareholders can increase this number of shares.
However, just because a company authorized a certain number of shares doesn't mean it must issue all of them to the public.
Most companies retain shares for use later called treasury stock or shares.
Treasury Shares - Shares a company retains in its treasury and not issued to the public or to employees are treasury stock.
Restricted Shares - Restricted shares refer to company stock used for employee incentive and compensation plans. Restricted stockowners need permission of the SEC to sell.
There is a waiting period after a company first goes public where insiders' restricted stock is frozen. When insiders want to sell their stock, they must file a form with the SEC declaring their intention. Even insiders of established companies must file with the SEC before selling their restricted stock.
Float Shares - Float refers to the number of shares actually available for trade on the open market. You and I can buy these shares.
Outstanding Shares - Outstanding shares includes all the shares issued by the company, which would be the restricted shares plus the float.
Here's a simple example with numbers to illustrate the relationship of these different shares:
Authorized Shares - 100
Treasury Shares - 20
Restricted Shares - 10
Float - 70 (100 - 20 - 10 = 70)
Outstanding Shares - 80 (10 + 70 = 80)
Why is this Important?
Here are several key bits of information you can determine from looking at how these different share types stack up in relation to each other:
Look at the relationship of treasury shares and restricted shares to float for where controlling interest of the company will reside. Many companies retain a large percentage of the authorized shares in their treasuries or in the hands of management through restricted shares.
Companies do this to make sure no other company can seize control in an unfriendly takeover. They may also want to have stock handy for future issue instead of using debt to buy another company or for another major expenditure.
Controlling interest held in treasury stock means outside shareholders will have little influence over the decisions of the company.
If the float of a company is very small and the stock attracts attention of investors it can become volatile because of supply and demand imbalances.
More buyers will drive the price up, which is not a bad thing if you own the stock. However, it may make the stock over priced relative to its earnings or other fundamental measures.
Likewise, if the stock falls out of favor, sellers may have trouble unloading their shares, which would tend to force the price down further and more rapidly than fundamentals might indicate.
Watch what restricted shareholders do. You can get this information from a variety of online sources. Here is a link to MSN Money's insider trading search function. Just enter a stock symbol and it will return the most recent sales or planned sales by insiders or major shareholders.
Most of the time, these sales signal nothing of interest to investors. When a large number of insiders, especially in young companies, file plans to sell major blocks of stock it could signal trouble.
Notice when reading financial ratios whether they are using float or outstanding shares in the calculation. It can make a big difference in the outcome.
The only diffence between O/S and float is restricted shares. We know some have come due, and entered the float. However, we do not know the how many restricted shares are remaining.
No chud, the float has probably converged on the O/S level due to the restricted shares coming due. While they bought those restricted shares back, until/unless they retire share to the treasury, they are still additive to the float.
At least that is my understanding of how it works.
In any case, you have a paper Float, and an active Float. Since the company owns those shares, and they are not selling them back into the open market, then the Active Float is probably close to your 2.1 bil calculation.
That seller at .0008 must not be reading this board. LOL
So now we have some knowledge of how much buyback has already taken place. They have bought back 1.4bil shares over the last few months. Very good, indeed.
Wow, that means the O/S actually has gone down. The O/S, as last reported, was 4.9bil. If those 2bil allocated are returned, then was are at 3.5bil O/S. So they have repurchased a ton of shares!
It sounds like the OTBB acquisition discussions must be pretty close....close enough that they know about how many extra shares it will take to get the deal done.
Please note that the extra shares would enter the O/S as restricted shares. They will not affect the float for 1-2 years. So people should not get freaked out. It is actually a good thing. The investment (which won't affect our trading float for a long time), will enable us to get out of pinkyland. That is huge!
Everyone should use the Contact Us page and recommend EFGO
http://www.subpennyradio.com/
Have people checked out the new Forex site?
http://www.lowpips.com/
Bravo!!!
Nice hammer on the chart.
I was woken up with the .0007 tick. Well, Garr is getting flippers to sell with his message yesterday. New holders should be stronger for long haul.
Source? And Happy Birthday on iHub today.
They also raised the A/S to be available for M&A. If and when they are used for an acquisition, those shares would enter the O/S as restricted shares.....and therefore does not affect the float for 1-2 years.
So the answer to the increased A/S was 2 fold. It was done, in panic, to foil the hostile takeover attempt (see the 1bil day...as that was hostile buyer trying to take controlling shares). After that was foiled, those shares have been dumped by that other entity. Unfortunately, that killed the push to over .002.
Now, Esprit has some acquisitons in mind (such as broker-dealer and/or Advanced Markets). They would use stock, but right now the pps is too low and would cost to many shares. So, I think, until the pps rises becoming a broker-dealer is on hold until they can afford it.
By the way, in 2006, Esprit (CashNow) did $975k in revenue. When they went public, they had $10-$12mil annual revenue. So they are definately back on the rebound.
Yawn is right. Only 15mil volume = $15k traded hands.
I think Garr finally told IR to cool it with the everyday PR. His message indicated that he is fed up with flippers complaining about not seeing a 2x pop every day.
Let us compress some without news, then they can update us.
See Yah! Nice 24hr hold for a loss.
Nice to see that people are not whining and complaining because of no premarket PR. Maybe Esprit finally gonna ween us off the news 'fix'.
Based on your math, I am good for almost 3 people.
I knew I must have multiple personalities.
- No you didn't
.. - Yes I did
- Says who
.. - Says me
- But I am you
... - Hey you two, what about me?
- Oh no, its him again.
.. - Yeah him again
... - I am hurt
Cargo, HSOA very close to breakout...with huge short interest. I am my trigger on loading up May 5 calls for .30 tomorrow....as soon as it goes over 4.90.
Let us clear something up, or at lease find some consensus. PR's do NOT make a market. People scream for a PR, shock 'n awe or something otherwise, cause they think that will save their arses. When there are too many PRs people complain. When there are no PR's for 24 hours, people complain. PRs are not the answer, folks.
Press Releases are there to inform. .Period. Some use information in PRs to buy, sell, or hold. But just because there is a great PR does not mean that out of thin air there will be some 1 billion share volume day and you will see a 10x price move.
It irks me that people sit on their edge of their seats for the next PR. Who here does not already have enough information to make an informed investment decision? If you constantly care about every tick and L2 on a minute basis, why even talk about PRs?
Esprit is using PRs to both inform existing investors and to also use it as a low-cost marketing/advertising vehicle. Major, long-term price moves happen because enough information is made available so either a large investment community buys (and holds), or a smaller number of big-timers buy (and hold). Eventually, demand outweighs supply and the pps rises.
IT IS A PROCESS, NOT AND EVENT
Use the PRs to help you in your own investment decision. Don't view PRs as some sort of investor snake charmer that will solve world hunger.
How does Barbados sound?
Well, HDSN did not last long on the ask. Nice agressive ask chewing ongoing. Still could be short covering. HDSN might have came in to help out a MM by taking on some short for a buddy.
That is an insane bid size by DOMS. Makes you go hmmmmmmm, in his intentions.
Garr's letter basically told flippers to go away, imo.
That MM jump tells me there is probably just 1 major seller. Once that seller is done, then we move quickly....seems close.
Would it be so bad if no PR today, or even thru the week? Most experienced pink and otcbb traders see a typical correlation between heavy PR bombardment and dilution. The days we get no PRs (very few in the past few months), the pps goes up. Why? Traders see this as possible indication that company selling is done...so more people are willing to take/increase their position.
I am not saying they are diluting. But, rather that there will be that perception while PRs flow is high. Perception is reality....cause and effect.
I would have no problem if we get no PRs for a few days...if anything to see how the pps reacts.
The transfer agent was spoken to on Friday and this claim is not true.
Hey, by setting a conservative timetable, Esprit will either meet or beat my expections. I can wait 10-12 months for 10,000% gain. How many 2% flips does it take to build up a 10,000% equivalent trade....assuming every flip is winner?
Obviously, EFGO flippers have ADD/ADHD syndrome. It is one of the hardest thing to overcome....I know, as I am a daytrader. But given enough experience, you build the ability to better pick your swing and long-term gainers as well as the scalp plays.
Agreed that today's volume was flippers playing the possible major move on the symbol change. The great thing is 200mil volume without big dump. For every seller, there is a buyer (ofc, vice a versa).
What was the realy volume today. I did not watch the ticks alot today but it sounds like a lot of large block mirroring. So, real volume (non-MM swapping) maybe only 100mil shares.