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Quick review of last 10Q as we wait for 3rd quarter report.
NOTE 9 – CAPITAL STOCK TRANSACTIONS
The Company is authorized to issue up to 150,000,000 shares of its $0.001 common stock. At April 30, 2011 and October 31, 2010, there were 45,960,546 and 33,200,286 shares issued and outstanding.
In connection with their agreement to serve on the Board, on September 16, 2010 the Company granted 2,000,000 stock options each to two members of the Board of Directors to purchase shares at the closing price as of September 16, 2010 of $0.15 per share. The options vest in three equal amounts on each of the next three anniversary dates of this agreement, beginning September 16, 2011 and are exercisable until September 16, 2016. The total estimated value using the Black-Scholes Model, based on a volatility rate of 95% and a call option value of $0.1083, was $433,228. On November 5, 2010 the Company granted 2,000,000 stock options each to two additional members of the Board of Directors to purchase shares at $0.15 per share. The options vest in three equal amounts on each of the next three anniversary dates of this agreement, beginning November 5, 2011 and are exercisable until November 5, 2016. The total estimated value using the Black-Scholes Model, based on a volatility rate of 133% and a call option value of $0.1206, was $482,278. No additional options were granted, cancelled, exercised, or expired during the six months ended April 30, 2011. Using the Black-Scholes Pricing Model, for the year ended October 31, 2010, $18,051 was amortized as stock based compensation, and for the six months ended April 30, 2011 an additional $151,199 was amortized.
As of October 31, 2010, the Company recorded a common stock payable of $165,000 for 1,200,000 common shares issuable to Equiti-Trend for services. The shares were valued based on the closing stock price on the date of the restricted stock grant. The agreement with Equiti-Trend has been cancelled by the Company.
On November 10, 2010, the Company issued 2,500,000 common shares to the Company’s Board of Directors for services. The shares were valued at $425,000 based on the closing stock price on the date of the restricted stock grant.
F-13
On November 10, 2010, the Company issued 200,000 shares of common stock in lieu of payment for services. The shares were valued at $34,000 based on the closing price on the date a service agreement was entered into.
On January 12, 2011, the Company issued 1,100,000 shares of common stock to a note holder valued at $.029 per share or $31,900 used to reduce the note pursuant to an amended note dated November 22, 2010. See footnotes 5 and 7 for further discussion.
On March 14, 2011, the Company issued 300,000 shares of the Company’s common stock to Mr. McKay valued at $57,000 pursuant to his employment agreement. The shares were valued based on the closing stock price on the date of the restricted stock grant.
On March 14, 2011, the Company issued 4,460,000 shares of common stock at a purchase price of $0.05 per share.or $223,000 under various stock purchase agreements with accredited investors entered into as of January 31, 2011.
On March 18, 2011, the Company entered into various stock purchase agreements with accredited investors for the sale of 920,000 shares of its common stock at a purchase price of $0.05 per share. The sale closed and cash of $46,000 was received on March 18, 2011.
On March 18, 2011, the Company issued 102,000 shares of common stock in lieu of finders fees valued at $.014 per share, which represents stock offering costs. Finders’ fees are treated as a reduction in paid in capital per current accounting guidance.
On March 12, 2011, the Company issued 1,012,260 shares of common stock to a note holder valued at $.029 per share or $29,356 used to reduce the note pursuant to an amended note dated November 22, 2010. See footnotes 5 and 7 for further discussion.
On April 15, 2011, the Company entered into various stock purchase agreements with accredited investors for the sale of 1,300,000 shares of its common stock at a purchase price of $0.05 per share. The sale closed and cash of $65,000 was received during the quarter ended April 15, 2011.
On April 15, 2011, the Company issued 200,000 shares of common stock at a purchase price of $0.05 per share or $10,000 under a stock purchase agreement with an accredited investor entered into as of January 31, 2011.
On April 15 , 2011, the Company issued 506,000 and 80,000 shares of common stock in lieu of finders’ fees valued at $.019 and $.013 per share respectively, which represents stock offering costs. Finders’ fees are treated as a reduction in paid in capital per current accounting guidance.
On April 28, 2011, the Company entered into various stock purchase agreements with accredited investors for the sale of 80,000 shares of its common stock at a purchase price of $0.05 per share. The sale closed and cash of $4,000 was received on April 28, 2011.
Well, all righty then. I guess a hug is out of the question.
Obviously, I am hitting a very sensitive nerve, and I apologize for any emotional pain you are suffering as a result of what is intended to be nothing more one person's take on this relatively obscure nano stock. I sincerely hope any investment you have in TPAC delivers everything you expect and more.
Not in nano cap land. "Print is alive and doing well". (flemsnopes)
1. 5,280,000 ___ 05/08/2008
2. 5,280,000 ___ 06/10/2008
3. 15,840,000 ___ 09/08/2008
4 15,840,000 ___ 01/20/2009
5. 15,840,000 ___ 02/25/2009
6. 15,840,000 ___ 05/31/2009
7. 11,165,000 ___ 09/16/2009 (Monarch Bay Way Kicks In)
8. 23,201,937 ___ 02/10/2010
9. 23,293,937 ___ 03/12/2010
10. 26,729,937 ___ 06/17/2010
11. 29,393,586 ___ 10/20/2010
12. 37,000,286 ___ 02/11/2011
13. 41,760,286 ___ 03/14/2011
14. 45,960,546 ___ 06/10/2011
15. ?????????? ___
"The truth? You can't handle the truth!"
The Financial News Network appears to be a new product for Comtex.
http://www.fnno.com/legal-notices
http://www.fnno.com/
Unfortunately, in a free society, it's consumers who ultimately decide the fate of all businesses, and Walmart will likely be no exception to that rule. Thank goodness, there are places around the country where sophisticated citizens like yourself - frequently well connected local leaders and businessmen - use every available tactic to block Walmart's entry, and, of course, you and I know the unwashed masses, who typically flock to the new Wally World on the block, are just too ignorant to understand the indignity of having a Walmart in their neighborhood.
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/13/AR2006091301573.html
Yada, yada, yada; sell, sell, sell! Watch for the real "growth" which will likely be the number of OUTSTANDING SHARES reported in the next quarterly filing.
I hope Chip battened down the hatches for this weekend!
No news is good news? I'm just sayin'.
I suspect most investors have moved into the "hedges" for protection against the currently ugly "climate". Perhaps if the "wind" begins to blow in the "right" direction, we might see some "return".
New FPFX related video at Philly.com.
http://www.philly.com/philly/video/VideoArchive.html?vgenre=g=mob-scene
Fitch Affirms Walmart at 'AA'; Outlook Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Wal-Mart Stores, Inc.'s (Walmart) Long-term Issuer Default Rating (IDR) at 'AA' and Short-term IDR at 'F1+'. The Rating Outlook is Stable. Walmart had $56 billion of debt outstanding as of April 30, 2011. A full ratings list is shown below.
The ratings reflect Walmart's dominant market position in North America, a strong position in the UK, and a growing presence in other markets such as China and Brazil. Also considered is Walmart's steady financial profile despite ongoing debt-financed share repurchases. These factors are balanced by a more challenging economic environment pressuring its core customer base, which is reflected in weaker top line sales growth over the past two years.
Walmart's success flows from its low operating costs, which allow it to be the price leader in most product categories. Despite its competitive strength, comparable store (comp) sales in Walmart's U.S. segment, which excludes Sam's Clubs and accounted for 73% of consolidated operating earnings in 2010, declined by 0.7% in 2009 and 1.5% in 2010. This was due to the soft economy, tough competition and a change in merchandising strategy in the Walmart U.S. segment in which the company reduced the number of SKUs (items) sold in its stores.
The company is partially reversing the SKU reductions and reemphasizing its everyday low prices in order to boost store traffic and sales. Fitch believes that these efforts, together with a return to moderate food inflation, should cause comp sales in Walmart's U.S. business to turn positive over the course of 2011.
Despite the pressure on Walmart's top-line, the company has been able to maintain a steady operating margin of around 5.7%-6.1% (6.1% in 2010), and Fitch expects margins will remain consistent with historical levels.
Walmart generates strong FCF after dividends, which Fitch expects will track at around $6 billion to $8 billion annually. FCF has been used primarily for share repurchases, but also for two acquisitions completed in 2011: Netto in the UK for $1.3 billion and Massmart in South Africa for $2.3 billion. Share repurchases are expected to be scaled back in 2011 from the $14.8 billion of shares repurchased in 2010.
Heavy debt-financed share repurchases caused adjusted debt/EBITDAR to increase to 1.9 timse (x) at Jan. 31, 2011 from 1.7x a year earlier while EBITDAR/interest plus rents was steady at 8.3x over the same period. However, Fitch expects the company will manage adjusted debt/EBITDAR at its historical level of less than 2.0x, in the context of maintaining its 'AA' rating.
Fitch affirms its ratings on Walmart as follows:
Wal-Mart Stores, Inc.
--Long-term IDR affirmed at 'AA';
--Senior unsecured debt affirmed at 'AA';
--Bank credit facility affirmed at 'AA';
--Short-term IDR affirmed at 'F1+';
--Commercial paper affirmed at 'F1+'.
The Rating Outlook is Stable.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology' (Aug. 16, 2010)
--'Evaluating Corporate Governance' (Dec. 16, 2010)
--'Short-Term Ratings Criteria for Corporate Finance' (Nov. 2, 2010).
Applicable Criteria and Related Research:
Evaluating Corporate Governance
www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=581405
Short-Term Ratings Criteria for Corporate Finance
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=568726
Corporate Rating Methodology - Amended
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=546646
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Contacts
Fitch Ratings
Primary Analyst
Philip M. Zahn, CFA
Senior Director
+1-312-606-2336
Fitch, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Secondary Analyst
Monica Aggarwal, CFA
Senior Director
+1-212-908-0282
Committee Chairperson
or
Michael Zbinovec
Senior Director
+1-312-368-3164
or
Media Relations
Brian Bertsch
+1-212-908-0549
brian.bertsch@fitchratings.com
http://www.businesswire.com/news/home/20110722005893/en/Fitch-Affirms-Walmart-AA-Outlook-Stable
Nielsen Signs U.S. Cooperation Agreement with Walmart
By Eddie Staley
Created 07/21/2011 - 8:54am
Posted on 07/21/11 at 8:54am by Eddie Staley [1]
Nielsen (NYSE: NLSN [2]) has signed a cooperation agreement with Walmart (NYSE: WMT [FREE Stock Trend Analysis] [3]) to receive and analyze sales information from Walmart's U.S. stores. The agreement marks Walmart's return to the consumer packaged goods industry's information sharing model.
The majority of U.S. food, drug, mass, convenience and dollar store retailers already provide Nielsen with sales information, and this will add to the existing market information, enabling Nielsen to provide a better, more precise view of consumer purchase activity for the benefit of the industry.
nop
http://www.benzinga.com/news/11/07/1788216/nielsen-signs-u-s-cooperation-agreement-with-walmart
Documents: Scarfo played role in Texas fraud case
By George Anastasia
Inquirer Staff Writer
Jailed mob boss Nicodemo "Little Nicky" Scarfo played an active role in setting up a scheme to defraud a Texas financial firm of millions of dollars while sitting in a federal penitentiary in Atlanta, new documents in a Dallas bankruptcy case contend.
But whether the 82-year-old mob boss will be indicted is one of several issues that prosecutors in the U.S. Attorney's Office in Camden are wrestling with as the FirstPlus Financial Group investigation draws to a close.
Scarfo's son, Nicodemo S. Scarfo, 46, and Elkins Park businessman Salvatore Pelullo, 45, have been identified as the primary targets of the investigation, which included a series of raids more than three years ago at businesses and homes in Texas, Pennsylvania, and New Jersey.
In 2007, according to an 83-page civil complaint filed by attorneys for the FirstPlus court-appointed bankruptcy trustee, Pelullo orchestrated a scheme in which FirstPlus paid "millions of dollars for essentially worthless companies" that he and the younger Scarfo controlled.
The companies were set up in Philadelphia and Atlantic City to engage in construction and restoration projects. One did insurance adjustments, and another was set up as a training school for restoration work.
Officials with the U.S. Attorney's Office in Camden have declined to comment.
But a law enforcement source familiar with the criminal investigation said last week that the bankruptcy document was "a very good summary of what went on."
The source also said an indictment would be returned soon but said no decision had been made on whether the elder Scarfo, serving a 55-year sentence for racketeering and murder, would be charged or simply listed as an unindicted coconspirator.
He is not eligible for parole until 2033, so his sentence is, in effect, a life term.
The bankruptcy complaint filing on behalf of Matthew D. Orwig, the trustee, repeats several allegations contained in earlier documents in a FirstPlus Chapter 11 proceeding under way in Dallas.
But it also contains new allegations, including the assertion that accountants and lawyers working for FirstPlus were, in fact, looking out for the interests of the so-called Pelullo group.
In contends that Pelullo, who has two fraud convictions, handpicked individuals to sit on the company's board of directors. Those members, the trustee alleges, approved purchases and expenditures without due diligence.
This was part of a "scheme to siphon millions of dollars" from the company, the complaint alleges.
Pelullo and the younger Scarfo, through their lawyers, have denied any wrongdoing.
The case, built on piles of documents, includes wiretapped phone conversations, e-mail correspondence, and information provided by individuals who at one point worked for the company or for the Pelullo group, according to investigative sources.
The elder Scarfo's role includes a prison phone conversation in which he and his son discussed the role of an Atlantic City criminal-defense lawyer they had tapped as chairman of the FirstPlus board in 2007.
Harold Garber, who died in August 2007 shortly after his appointment to the board, had represented the elder Scarfo and his nephew and reputed mob underboss, Philip Leonetti, in the 1980s.
Garber's license to practice law was suspended for a year after he was cited for ethics violations involving a murder case in which Leonetti was charged. The murder charge was dismissed after a key witness recanted his testimony. Garber represented the witness at the same time that he represented Leonetti, authorities said.
How Garber, a New Jersey lawyer, ended up on the board of a troubled Texas financial firm was one of several questions that attracted investigators to the FirstPlus case.
The bankruptcy filing alleges that in a taped phone call, the Scarfos "discussed how Harold Garber was instrumental in the takeover" of FirstPlus.
Garber, who had cancer, died shortly after authorities alleged that Pelullo and the younger Scarfo had begun siphoning money out of FirstPlus through the purchases of worthless companies and the payment of exorbitant consulting fees.
The bankruptcy document details what it describes as "insider transactions" in which Pelullo, Scarfo, and the companies they controlled received more than $7.3 million and more than two million shares of company stock.
The trustee described those transactions in less than glowing terms, referring to the board of directors "rubber stamping" one deal based on a "bogus" financial report, and said another had been built around a "baseless valuation analysis."
In addition to what it described as fraudulent "insider transactions," the complaint cited "miscellaneous" and "professional and legal fees" paid to the Pelullo group in June and July 2007 totaling more than $1.5 million.
All of it, according to a law enforcement source, was part of a scheme by Pelullo to create a "veneer of legitimacy."
FirstPlus, originally based in Irving, Texas, was a high-flying financial company that dealt in subprime mortgage lending.
It originally filed for bankruptcy in 1999. But the reorganized company retained potentially millions of dollars in secured loans, and those so-called "residuals" began flowing back into the company's coffers around 2006.
In 2007, according to the complaint pending in bankruptcy court, the "Pelullo Group learned about the [company's] cash position and identified [FirstPlus] as an ideal target."
http://www.philly.com/philly/news/125729423.html
Is a merger the right aid for Walmart's NYC entry?
It's been almost two years since officials of Wal-Mart Stores Inc. first told Crain's they were scouring the five boroughs for sites, but the retail giant has yet to announce plans for a single outlet here. Turns out it's hard to find suitable real estate in a city where available land is scarce—and the local unions that hate you use every available political weapon to stop you at the gates. Maybe that's why rumors were circulating in Big Apple business circles last week that Walmart wants to buy Rite Aid Corp., the nation's No. 3 drugstore. Neither Walmart nor Rite Aid would comment on the speculation, but another reason the merger rumor surfaced might be that it makes a lot of sense. Rite Aid, based in Camp Hill, Pa., is drowning in debt and has lost market share since its 2007 purchase of Eckerd Drug and Brooks Pharmacy. While No. 1 drugstore chain Walgreen Co. and No. 2 CVS Caremark Corp. have added stores, Rite Aid has shuttered 345 outlets since 2008, according to a recent analysis by Brad Thomas, owner of Spartan Realty Fund. Rite Aid's stock price is down more than 80% since a peak of $6.59 a share in 2007—to a buck and change last week. “I can't find any way to deleverage the company other than selling off assets,” Mr. Thomas said, suggesting that Rite Aid dump its stores on the West Coast, where the drug chain's brand recognition is nothing to write Camp Hill about. Walmart, meanwhile, has its own problems. The behemoth from Bentonville, Ark., has stopped growing in the U.S., with sales at stores open at least a year falling for eight consecutive quarters. Its stock price is down 14% from a 2008 peak, trading at $53.63 last week. “Walmart is desperate to accelerate sales, and the fastest way is to make acquisitions,” said Burt Flickinger, managing director of retail consultancy Strategic Resource Group.
Walmart recently shifted its U.S. growth focus to urban markets like New York, Washington, D.C., and Chicago, where the typical store will be a fraction of the size of its exurban supercenters. Yet Walmart needs to do more than cut ribbons at a handful of big-city stores to register any real domestic growth.
“If they're going to use the smaller stores, they really want to come in blanketing the area, not just a onesie-twosie,” said Faith Hope Consolo, chairwoman of Prudential Douglas Elliman's retail group. “They're the 900-pound gorilla. What would it look like? They really need to have a platform. That's what they're struggling with.”
COMPARISON SHOPPING
Wal-Mart Stores Inc. (WMT)
Stock price: $53.63
Market cap: $186 billion
52-week high/low: $57.57/$49.52
2010 revenue: $422 billion
Net income: $16 billion
U.S. stores: 4,300
NYC stores: 0
Latest change in same-store sales: -1.1%
Two years of quarterly same-store sales declines have left the nation's largest retailer desperate to enter urban markets like New York City.
----------------------------------
Rite Aid Corp. (RAD)
Stock price: $1.28
Market cap: $1 billion
52-week high/low: $1.41/$0.87
2010 revenues: $25 billion
Net income: -$555 million
U.S. stores: 4,700
NYC stores: 198
Latest change in same-store sales: +1.8%
The drugstore chain's forays into groceries and discount items seem to be working, but it still carries too much debt from 2007 acquisitions.
Data as of July 14.
Sources: Bloomberg, Walmart and Rite Aid
Hello, Rite Aid. Buying the chain could boost Walmart's revenues by 10% overnight, according to analysts. And as for that New York strategy, Rite Aid has 198 stores in the city: 62 in Queens, 57 in Brooklyn, 41 in the Bronx, 34 in Manhattan and four on Staten Island. Many of its 4,700 stores nationwide are in dense urban areas that would fit with Walmart's growth hopes. “If Walmart gets more confident in its small-stores strategy, then given that it's opening stores in the Rite Aid size group and looking to have pharmacies, it's certainly not illogical,” said retail analyst Neil Currie, a managing director at Dahlman Rose & Co., who first floated the idea of a Walmart-Rite Aid combo last year. “It seems to make sense if they want to get a critical mass.” One catch: Rite Aid's work force is unionized in some states, including New York, and Walmart shows no signs of easing its longstanding anti-union stance. More than 7,000 Rite Aid employees in the city belong to the powerful 1199 SEIU United Health Care Workers East. What if Walmart finds a way to wiggle out of the union agreements if it takes over the stores? “Let's say the company could legally tear up the contracts and fire all the current Rite Aid employees,” said John Marshall, a financial analyst with the United Food and Commercial Workers Union, a longtime Walmart foe. “The unions and community groups would have pickets up in front of every store the next day. That's not how Walmart wants to enter a market like New York." A version of this article appeared in the July 18, 2011 print issue of Crain's New York Business.
http://www.crainsnewyork.com/article/20110717/SUB/110719927
Precisely! Because Walmart has been around longer and so successful, they are having difficulty topping previous same store results (U.S domestic market) in this very difficult economic environment. The stock buyback program should insure a solid floor on the stock price, and the dividend is increasing nicely as a percentage of the share price. Additionally, the recent Supreme Court decision in Walmart's favor must surely hold some as yet unrecognized value for investors. There are a number of pluses and few minuses for the long term, in my opinion.
No investor should ever kid themselves about penny stocks and associated "forward looking" statements, but I definitely like the tenor of this particular press release. I personally find penny stocks exciting for basically one thing which is the potentially massive appreciation associated with buying in at what appears to be a lowpoint, before a new product or service gains traction in the marketplace. ESFS definitely has a good "feel" to it in terms of the product, and there are periodically signs of significant interest in the technology. I don't know if the company will ever get there, but IF they ever do, I would hate like hell to have to admit I was afraid to buy a few shares at .08 when I had the chance.
ESFS - Interesting News
Eco-Safe Systems Wins Key Water Reclamation Contract With Agricultural Giant
Eco-safe Systems Usa (PN) (USOTC:ESFS)
Intraday Stock Chart
Today : Monday 11 July 2011
Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce that one of Idaho's agricultural giants has purchased an MD-2000-2S, Eco-Safe's largest ozonated water system.
Michael Elliot, CEO of Eco-Safe Systems USA, Inc., stated, "We are delighted to team with Agri-Stor Company of Blackfoot, Idaho, and Integrated Engineers, Inc. of Oakhurst, California in providing an integrated system of product disinfection and water reclamation for one of the nation's largest potato production facilities. Agri-Stor is an after-harvest specialist; Integrated Engineers is a wastewater solutions firm. Our combined system, in which ozone plays a key role, incorporates a variety of state-of-the-art technologies to both disinfect and reclaim process water."
Elliot continued, "By state regulation, food processors using large amounts of water must phase in reclamation of water used in production with the goal of minimizing or eliminating wastewater dumped into the environment. Eco-Safe Ozone Systems provide sophisticated technology to make total water reclamation not only possible but also economically beneficial. This sale represents the tip of a vast multi-billion dollar market in water reclamation, and Eco-Safe is excited to have forged a relationship with such a large and important agricultural firm. On the heels of this contract, the Company has been contacted by numerous other large food producers keenly interested in our water reclamation technology. We therefore foresee this area as representing a significant part of our growth in the immediate future."
About Eco-Safe Systems:
Eco-Safe Systems, based in Los Angeles, is the manufacturer of patent pending water treatment and water reclamation systems. Our technologies produce ozonated water for food disinfection and water purification at significantly less maintenance cost and greater energy savings than our competitors in a completely green and organic manner. We currently offer supermarkets and restaurants a cost effective way to safely extend the shelf life of meat, poultry, seafood, fruits and vegetables. Please visit us at www.ecosafeusa.com for more information.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Eco-Safe Contact:
Michael Elliot
CEO
Eco-Safe Systems USA, Inc.
www.ecosafeusa.com
Email Contact
Investor Relations & Communications:
Worldwide Financial Marketing, Inc. USA
Int'l: 1-954-360-9998
U.S.: 1-866-360-9998
www.wwfinancial.com
Eco-Safe Systems Wins Key Water Reclamation Contract With Agricultural Giant
Eco-safe Systems Usa (PN) (USOTC:ESFS)
Intraday Stock Chart
Today : Monday 11 July 2011
Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce that one of Idaho's agricultural giants has purchased an MD-2000-2S, Eco-Safe's largest ozonated water system.
Michael Elliot, CEO of Eco-Safe Systems USA, Inc., stated, "We are delighted to team with Agri-Stor Company of Blackfoot, Idaho, and Integrated Engineers, Inc. of Oakhurst, California in providing an integrated system of product disinfection and water reclamation for one of the nation's largest potato production facilities. Agri-Stor is an after-harvest specialist; Integrated Engineers is a wastewater solutions firm. Our combined system, in which ozone plays a key role, incorporates a variety of state-of-the-art technologies to both disinfect and reclaim process water."
Elliot continued, "By state regulation, food processors using large amounts of water must phase in reclamation of water used in production with the goal of minimizing or eliminating wastewater dumped into the environment. Eco-Safe Ozone Systems provide sophisticated technology to make total water reclamation not only possible but also economically beneficial. This sale represents the tip of a vast multi-billion dollar market in water reclamation, and Eco-Safe is excited to have forged a relationship with such a large and important agricultural firm. On the heels of this contract, the Company has been contacted by numerous other large food producers keenly interested in our water reclamation technology. We therefore foresee this area as representing a significant part of our growth in the immediate future."
About Eco-Safe Systems:
Eco-Safe Systems, based in Los Angeles, is the manufacturer of patent pending water treatment and water reclamation systems. Our technologies produce ozonated water for food disinfection and water purification at significantly less maintenance cost and greater energy savings than our competitors in a completely green and organic manner. We currently offer supermarkets and restaurants a cost effective way to safely extend the shelf life of meat, poultry, seafood, fruits and vegetables. Please visit us at www.ecosafeusa.com for more information.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Eco-Safe Contact:
Michael Elliot
CEO
Eco-Safe Systems USA, Inc.
www.ecosafeusa.com
Email Contact
Investor Relations & Communications:
Worldwide Financial Marketing, Inc. USA
Int'l: 1-954-360-9998
U.S.: 1-866-360-9998
www.wwfinancial.com
Yes, but the fiscal forecast is still showing a terrible storm brewing, and seasoned pilots well know the danger of departing in the face of such turbulence. Should the skies begin to clear, and more favorable market winds begin to blow, methinks Captain Brian will unfurl the sails and embark on exciting new adventures for the good ship CMTX. In Camelot, our good and benevolent king has, over the past few years, filled the coffers of certain "most favored" subjects, and their treasure chests are literally filled to overflowing with silver and gold - a bounty for the taking by those who hold the "right" maps.
Good grief! I keep going to the mailbox and..... NOTHING! The mail from China surely is slow!
We may have a little momentum going here - the ask has moved to .2589.
The volume is slowing, but the ask seems to be holding up.
Volume is still rising, and the ask has moved to .244. Perhaps this means substantial revenue related news will be coming out soon. I feel fairly confident that any new, or newly funded, contracts combined with continuing profitability, would likely move the stock well above present levels by year's end. In fact, under normal conditions we would be there already, but, as we are all painfully aware, the current economic climate is anything but normal.
Interesting! The unusual volume has had no immediate effect on the stock price - there were basically two large sales of 78,561 and 20,000 shares. The higher volume, combined with the recent news releases, may be significant, but we still seem to be stuck in the malaise which now infects the whole U.S. economy as we await the outcome of ideological battles going on in Washington D.C.
Like many nano caps, we seem locked into an oppressive summer malaise, which I personally believe is intimately tied to the unprecedented financial crisis currently unfolding in our nation's capital and around the world. July and August 2011 may well prove to be the hottest ever recorded, but I'm not talking about the weather, and because political discussions on specific stock boards violate IH TOS, I won't be able to elaborate. However, I will say this: in my opinion, only the most nimble of companies will survive the coming storms. We can only pray our CEO will be able to figure out which way the wind is blowing.
I was not suggesting the domestic stores are in decline, only that they represent a mature market with less potential for the massive growth seen in the last half of the twentieth century. The U.S. stores are still wildly successful by any measure, and the revenue numbers are literally staggering, ironically, making year over year percentage growth mathematically less robust. I suspect most of Walmart's competitors would love to have such a problem. The international operations are simply more attractive from an investment viewpoint because they are early in the growth cycle. I certainly don't envision Walmart stores disappearing from U.S. streets anytime soon, and the current emphasis on smaller stores, with lower overhead and a different demographic, may well prove to be the key to a return to higher growth here on the mainland.
Yes, significant growth should come from the international division, and Africa may hold great promise for Walmart - as do China, India, Brazil, Canada, Mexico, Costa Rica, Argentina, Chile, Guatemala, El Salvador, Honduras, Nicaragua, Japan, and the UK. The international operations may well exceed the domestic successes one day. We can dream, can't we?
I suspect CMTX will eventually navigate back to the ocean of capital only available in the public markets. I seriously doubt our major holders will remain satisfied indefinitely with this privately docked model. Turbulence in political and financial waters has sent many micro caps into safe harbors or to the bottom of the fiscal sea, but our captain, Chip Brian, seems like a pretty smart guy, and now that we're beginning to see gathering clouds of real federal fiscal responsibility on the horizon, things might get interesting for companies run by people who can tell which way the wind is blowing. Big change usually means big opportunity, and I'm guessing Captain Brian is waiting for the "right" weather before hoisting the main sail.
Starpharma brings its novel technology to leading cancer treatment
Starpharma (ASX:SPL) is conducting pre-clinical studies on popular chemotherapy treatment, docaetaxel, reformulated using the company’s dendrimer technology.
Tim Dean (Australian Life Scientist)29 June, 2011 13:14
Chemotherapy drugs are big business, and Melbourne-based Starpharma is looking to get involved by applying its dendrimer technology to reformulate and improve leading therapies.
The company announced today that it will be taking its dendrimer-based reformulation of the widely used docataxel into further pre-clinical studies as a lead candidate in its cancer drug delivery programme.
Docataxel is used to treat breast cancer, lung cancer and prostate cancer, and generated sales of €2.122 billion ($2.9 billion) last year.
Read our in-depth profile of Starpharma[1].
According to Starpharma, the dendrimer formulation of docataxel showed a 2000 to 8000-fold improvement in water solubility, which opens up the possibility of an improved formulation that doesn’t have the same pre-medication requirements and potential side-effects of the conventional formulation.
Greater water solubility has already been shown to improve other anti-cancer drugs, such as paclitaxel, which was reformulated by American nano-pharmaceutical developer Abraxis. In turn, Abraxis was acquired by Celegene for US$2.9 billion.
“The success seen with Abraxane highlights the significant commercial opportunity of reformulated proprietary chemotherapy agents which can result in improved patient outcomes, significant product sales and extended commercial life through new intellectual property filings,” said Starpharma CEO Dr Jackie Fairley.
“We believe a proprietary docetaxel-dendrimer formulation has a similar potential and as a result we are expanding our internal drug delivery program to fully explore this opportunity.”
Starpharma has also filed a new patent application with the United States Patent and Trademark Office, incorporating recent Docetaxel data.
On the back of the announcement, Starpharma (ASX:SPL) was up 7%, or 9c, to $1.38 as of 1pm today.
References
www.lifescientist.com.au/article/365421/ausbiotech_2010_biotech_profile_starpharma/
http://www.lifescientist.com.au/article/391884/starpharma_brings_its_novel_technology_leading_cancer_treatment/
One for ten...... then, if the price drops by a factor of ten, or more, you can just increase the AS and continue to issue equity for debt. It's a tested and true formula.
Our board of directors has declared, and our stockholders have approved, a 1-for-10 reverse split of our Common Stock, to be effective as of the close of business on May 25, 2011 (the “Effective Date”). The reverse split will be accomplished by amending our articles of incorporation on the Effective Date to reclassify our existing shares of Common Stock (“Old Common Stock”) as follows: Each ten shares of Old Common Stock outstanding immediately before the Effective Date, and each ten shares of Old Common Stock issuable pursuant to an instrument exercisable for shares of Old Common Stock, shall, on the Effective Date, be reclassified and converted into, and become a right to receive, and the holders of the outstanding Old Common Stock or instruments exercisable for such Old Common Stock shall be entitled to receive therefor, one share of Common Stock.
Company stockholders do not need to surrender their stock certificates on the Effective Date, as the reverse split will be immediately reflected on the Effective Date on the stock books and records of the Company. However, when physical certificates representing shares are actually surrendered to the transfer agent for exchange, the new certificates issued in exchange therefor will be adjusted for the reverse split.
The reverse split will be deemed to be a tax-free recapitalization to the Company and its stockholders to the extent that outstanding shares of Common Stock are exchanged for a reduced number of shares of Common Stock. Therefore, neither the Company nor its stockholders will recognize any gain or loss for federal income tax purposes as a result thereof.
Hellooooooo.....anyone there?
The following is an excerpt from the most recent disclosure statement. (link to full filing provided as well)
ITEM 16: MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION (excerpt)
The Company is also in negotiations and has signed a letter of intent to acquire two additional concepts. It is anticipated that both of these acquisitions will close in the beginning of the third quarter of 2011. The Company will need to raise additional capital in order to close these 23 transactions. Although the Company believes that it will be able to raise this capital necessary to close these transactions, there is no guarantee that the capital will be successfully raised.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=54545
Complaints filed by the bankruptcy trustee on 6/21/2011 and 6/22/2011 are quite extensive and provide excruciating detail of the alleged egregious activity at FPFX leading up to the bankruptcy filing in 2009. I will be posting excerpts over the coming days and weeks.
Link to June 14 filings at otcmarkets.com
http://www.otcmarkets.com/stock/GAMN/financials
Business of Issuer
The Great American Food Chain is a portfolio restaurant holding company specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. The Company currently owns two concepts, Kokopelli Fresh Mexican Grill and Amici Italian Café. The Company also owns the trademark and intellectual property rights for www.KeyToTheCity.com, a web-based city guide for use by both local residents and tourists.
(KeyToTheCity.com appears to be under construction and not fully functional)
Common Stock:
(i) Period end date: March 31, 2011
(ii) Number of shares authorized: 100,000,000
(iii) Number of shares outstanding: 7,005,747
(iv) Freely tradable shares (public float): 1,500,000
(v) Total number of beneficial shareholders: 1,100+
(vi) Total number of shareholders of record: 471
In May 2011, the Company issued 562,500 shares of common stock, restricted under Rule 144,
to various shareholders for conversion of debt to equity.