is Loving China.. considering learning Mandarian
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That could very well be the case.. I'm having a migraine right now cause I'm trying to put out a report for a client that I have been working on for like 10 hours straight. After reading the first paragraph in the 8-K my head wanted to explode lol!!
I hate lawyers and their complicated legal speak haha!
A quick look on SCLX..
94.5M O/S Market cap $31.2M
Revenue $7.7M ($.02 EPS) 16 P/E
Equity $16.2M ($.17 Book) 2 X book
Looks a bit priced at a premium to me. Those recent 8K's I would need to sit down a read when my head isn't pounding like it is now. Looks like some kind of reorganization going on.
Also $4M in convertible notes and warrants. I would need to dig up the provisions on the PIPE. But typically I don't like OTCBB companies with any convertible debt.. they just are not liquid enough to support it.
Was it you that brought OPAI to our attention first.. there is so many I lose track lol.. if so.. oops..
Let me look at SCLX
I didn't think it would all add up 100%. I figured something didn't seem right. This Alan Bailey guy seemed to have the ability to do things right and not half assed. When I looked at that 15c211, I knew this was being setup by some real amateurs.
That was my original point I was trying to make.. the DD you guys were digging up on the people involved wasn't matching up with the quality of the filings or the merger choice. Successful people don't put out crappy BS filings full of holes. They can actually afford an attorney to do it right.
I hope it works out though for you guys. I had the same thing happen to me on WRNW. I really believed the DD I had done but it turned out to be a shell promotion.
Ultimately that was what I was trying to point out before a few trashed me as some kind of egotistical basher.
Talk to Joenatural, he probably knows the most about OPAI on this board.
I don't even trade these stocks, you obviously do though. I don't support, or disprove of BEDA, I'm just calling it like it is. Whether you agree with me or not I could care less to be honest.
Ya know though, I can buy these tasty little pecan pralines at the check out counter at Wallgreens... but that doesn't mean the people making them need to have a public company.
Your spongebob company.. it's in the same category as the Shamwow and the Petipaws.. in fact they are sold right next to each other on the "As Seen on TV" section at Wallgreens.
I tried the sponge just for the hell of it. Wasn't impressed, it made my arthritis in my hands act up from having to squeeze it so much to get soap. For $9.99 I would rather just use a good sponge and bucket of soap.
Your spongebob company also has financials that simply don't add up. The majority of the receivables are billed to one entity (very strange) etc..
Once you get past the massive promotion and boiler rooms, spongy is nothing but a lame gimmick like the Shamwow.
Spongebob? OMFG.. do you even read the filings? Talk about ass raping shareholders. Management has paid themselves nice fat salaries on shareholders backs through equity issuance's. They have Millions in "Accounts Receivable" and a few thousand dollars in cash according to the last 10Q. When those receivables turn into cash I will give them credit.. until then.. yeah whatever.
Give me a freaking break.. Everyone with half a brain knows SPNG is nothing but one heavily promoted stock to make insiders rich. There are several boiler rooms working that one.
One day you'll figure it out.
Whatever you do, don't rush to buy a stock. Take some time to research it, call and speak with the CEO.
Keep in mind when you buy a stock your putting your money in the hands of company management. For that reason, you always invest in the management team.. not necessarily the company.
When you speak to a CEO, you want them to be confident and able to answer your questions smartly and quickly without a lot of "Uhhh's" and sidestepping.
Example:
EESO CEO... might make a good appliance salesman at Sears.. but he is no Executive by any stretch of the imagination. Would you give your money to a salesman at Sears??
Considering the number of start-up business that fails each year, it is important to remember this one has made it through the recession still standing, bruised and bloody.. but still standing.
It is very easy to comment from ones armchair like some do on this board. It is another thing entirely when your the guy trying to make it happen for real.
Sometimes all it takes is gaining traction. I also believe the clinics will give the company the traction they need.
I think sometimes people forget we are in the worst economic recession since the Great Depression..
This chart tells the story..
Dollar Volume for OTCBB
They are both good stocks, there is actually quite a few good stocks on this board. I know, it can be like being in a big candy store... to coin a phrase from Bradford86.
You'll find each person here has different tastes. Some invest industry specific like me, I'm a big fan of agriculture. Others put more focus on EPS and P/E values. Some look at asset values.
What you are looking for are stocks that are trading under a 5 P/E, are profitable and in an industry that is expecting great growth.
Once you have found a few you like, either go long, or swing trade using technical analysis.
You'll have to break the habit of "what if's", until the merger happens, and we see consolidated financial statements, it is hard to determine how it will impact the company.
CBTE has $23.8M in accumulated deficit - BAD
CBTE has ($.12) negative EPS - BAD
Like Bradford86 said, pick stocks that are making money and are cheap. There are better options out there. CBTE is loosing money and has been for quite some time.
You can look in the Ibox for some stocks. Also all the mods on this board have their own personal picks they like, all of which are outstanding stocks. Check out some of the stocks Bradford86 likes, he has quite a number of good vetted picks.
With mange, fleas and ticks
Welcome to the board! Remember, Wall Street doesn't reward hope. Always cut your losers. There are better stocks to have your money in even if you have taken a haircut.
I didn't really look that deep into it. The convertible debt was enough to turn me off.
It is thinly traded and they have convertible PIPE financing. I personally wouldn't buy it for those two reasons.
If the stock had more liquidity I would look a little closer. I just don't feel the combination of convertible debt and a stock with limited liquidity ever work out well.
FEED out $4.73 ($.53 gain)
SIAF released it's first audit
Brought the stock here at $.14 but not many took it serious I don't think.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36579537&txt2find=siaf
They just finished the 2006-2007 audit, CEO expects 2008 to be done by October and Form 10 filed by end of year.
Interesting note on financials, the company and the auditor decided to take a conservative route and wrote off all the Goodwill from mergers. Everything is at book value (land values) now per acquisitions.
In spite of this, they still did $.06 EPS. The Goodwill write off was $.12 all on its own. If they do the same revenue for 2009, which there is no reason to doubt they will.. you are looking at $.18 EPS as Goodwill won't be an issue.
Once they get listed on the OTCBB the are going to turn their focus on a NASDAQ listing. No reason to doubt that will not happen either as several other OTCBB China stocks have moved up to NASDAQ this year.
Audit report PR here http://www.marketwire.com/press-release/Sino-Agro-Foods-Inc-1013278.html
Ah yes.. The one in which the shell promoter Steve Carnes shafted the CEO with a nasty promissory note conversion? Same bunch that tried to do the same with EESO? You really don't know the facts do you? Pretty common I have found.. inexperience and ignorance runs rampant on these message boards. It was the reason I quit doing IR for pinks.. they seem to attract the bottom of the barrel in regards to investors.
It is probably associated with that Real Estate business. Some of my DD on TDGI pointed towards involvement by a Real Estate business.
good article
Well well well.. LACO, this board might be a bit to mature for you. Don't you have some sub penny, pinksheet scams to play with? Everyone on this board may disagree sometimes, adults do that from time to time. But we all respect each others abilities, each person who posts here contributes in some way. Most the time we jest each other.. but everyone here is a respectable knowledgeable investor/trader.. or is wanting to learn.
If your here because I think TDGI is a scam and you want to stir the pot.. I'm sure I could get Joenatural and a few others to take a closer look at TDGI.. he loves picking apart the scams. Maybe I'll send Jimbishop and Janiceshell an invite as well.. they are pretty good at it too.
Not much.. just sniffing around. This one has grabbed my attention.
So your DD is based on "speculation" provided by Ihub members on a public message board and a "hot" sounding chick named Shawna?
My god, no wonders so many people get taken.
This so reminds me of PAPA.
What is the date on those patents? Technology moves quickly.
There were under 500,000 shares after the last R/S... where did the rest come from?
I'm just pointing out the holes.. there is no arrogance until someone deserves it. Attacking me for providing facts based on REAL regulations is blind ignorance. Emotional involvement in a stock is a sure way to lose your ass.. especially in pinks.. you should know better.
Ignorance is bliss I suppose.
Um yeah.. years ago before the SEC changed Rule 144, specifically Rule 144.i
As of 2/15/2008 non-reporting shells are INELIGIBLE for rule 144.. that means illegal unregistered shares.. PUMP AND DUMP
Here learn something.. if you don't understand it.. ask and maybe I can draw pictures.
http://reversemergerblog.com/2008/04/08/the-wrinkle-in-new-rule-144i-a-former-shell-must-stay-current-in-sec-filings-forever/
Exactly.. anyone merging into a Pinksheet shell after changes to Rule 144.i seem fishy. You should know your new SEC regs better before making comments to those that do.
Either the company has shitty advisers.. or it's a pump and dump. In either case.. nothing good will come out of it.
Let me point out the red flags..
Low O/S.. A/S increased to 10B
Shitty amateur 15c211 with no fiancials
Template web site
No WHOIS info
Office that doesn't exist.. only on paper
Big Ihub pump with no news
Pinksheet shell being used
I could go on.. but those are enough.
"quite period" OMFG.. they are not a reporting company.. none of that applies lol.. how funny.. PUMP AND DUMP
I see you wearing your ACU's lol.
Maybe you will find an empty house there..
http://www.realtor.com/property-detail/29229-Circle-Dr_Agoura_CA_91301_df23e101?source=web
They could have at least gone to http://www.templatemonster.com and picked up a better template... jeez what a POS.
Because it's a $65 template.. Pretty crappy for a company that is suppose to have some serious technology huh?
Pump and Dump.
As long as the business is real and the people running the business are doing their best, in most cases it will work out. You invest in management and the business plan, not the price of the stock. I think Graham will pull it together just like JD did.
If your an investor, sometimes you have to expect to make additional investment to see the business plan through in order to capitalize. Most these guys that post on these message boards have no clue what it really means to be an investor. They like to call themselves investors, but most are just momo chasers and give me now mentality types.
Your one to comment lol.
Yep, will sell the gap tomorrow.. or if my prediction is wrong.. I will average down again.
Stocks that have good liquidity I trade, never hold long.. there is no reason to hold long if liquidity is good. I can profit far greater over a period of time by trading it daily.
For stocks with limited liquidity, I do hold long positions. I hold a large amount of SIAF and CNOA "long" as I am waiting on liquidity to improve with time.
Stocks with limited liquidity I tend to trade out my principal and hold a balance long. Both SIAF and CNOA I have long since pulled out my initial capital investment and I am simply sitting on the balance.
Think of your money as pure energy, if it is sitting idle, your not producing any energy. If you use that energy to create more energy, then you can store extra energy while continuing to use existing energy..
Okay that sounds cheesy, but maybe it will make sense.