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.40 to .80 had been the normal trading range until the latest PR. I also expect a pullback at some point but I've been surprised at the volume more than anything. I can't imagine that's been I-hub money not with 3...now 4 boardmarks...lol!
According to the MMGW business plan, each of the 360Kw MATs are supposed to generate 1000Mw hours of electricity per year at a cost of 200K to produce and set-up.
It sure has been. As soon as that Army PR came out, the volume and price went straight up. Several all-time volume days this week. Ricker is working on obtaining 750K in financing to build 3 of the much larger 360Kw MATs.
Main reason is to have a shareholders meeting 6/26 to announce the raising of the A/S from 5M to 7M. Since the CEO owns over half the shares, he is not asking for a vote.
Our Board of Directors has unanimously approved, and individual investors including Jonathan Ricker, our Chairman and Chief Executive Officer, who together own 2,503,694 shares (50.3%) of the 4,976,992 shares of Common Stock outstanding as of April 3,2008 and the date of this Information Statement, have consented in writing to, the Action to increase the authorized shares. The other individual investors are not officers or directors of the Company. Only Jonathan Ricker is an officer or director of the investors who signed the majority consent. Such approval and consent are sufficient under Massachusetts General
Corporation Law and our By-Laws to approve the Action without the need for proxies to be solicited from our Stockholders. Our Board of Directors does not intend to solicit any proxies or consents in connection with the foregoing Action. Accordingly, the Action will not be submitted to our other shareholders for a vote and this Information Statement is being furnished to shareholders
solely to provide them with certain information concerning the Action in accordance with the requirements of Massachusetts law and the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder,
including particularly Regulation 14C.
and this
An amendment to the Company's articles of organization increasing our authorized Common Stock to 7,000,000 shares from 5,000,000 shares will enable us to have sufficient shares of Common Stock available for issuance. The principal purpose of the proposed amendment to our Articles of Incorporation is to
authorize additional shares of common stock, which will be available in the event the Board of Directors determines that it is necessary or appropriate to permit future stock splits in the form of stock dividends, to raise additional capital through the sale of equity securities, to acquire another company or its assets, to establish strategic relationships with corporate partners, to provide equity incentives to employees and officers or for other corporate purposes. The
availability of additional shares of common stock is particularly important in the event that the Board of Directors needs to undertake any of the foregoing actions on an expedited basis and thus to avoid the time and expense of seeking
stockholder approval in connection with the contemplated issuance of common stock
The increase in authorized common stock will not have any immediate effect on the rights of existing stockholders. However, the Board will have the authority to issue authorized common stock without requiring future stockholder approval
of such issuances, except as may be required by applicable law. To the extent that additional authorized shares are issued in the future, they may decrease the existing stockholders' percentage equity ownership and, depending on the price at which they are issued, could be dilutive to the existing stockholders.
The newly authorized shares of Common Stock will have the same rights and privileges as the presently authorized shares of our Common Stock. Our Common Stock does not entitle any holder to any dividend or preemption rights.
Wacky trading today with huge swings and lots of 500 share trades. Looks like people were playing today.
Form PRER14C filed 5/13
http://www.sec.gov/Archives/edgar/data/1117228/000114036108012069/formprer14c.txt
Either way, it appears to be a done deal. Should be pretty exciting around here the next couple weeks...Q1...Flotec...???
I asked if we can expect the financing deal soon and he said I can go beyond that. It's imminent! He well aware of his soon usage...lol! I've talked to Steve many times and he really seems like a good guy.
I talked to Steve about the financing deal for the purchase of our terminal and how the reselling of fuel works.
First, Steve feels confident that we will obtain the financing deal for not only the purchase of the terminal but also the money needed to start reselling fuel.
To start reselling the fuel it seems we just need the license and a certification. The goal is to get something along the lines of a revolving line of credit for the purchase of the fuel right from the pipeline. And once again, Steve mentioned that margins would increase from 300-600 percent. He seems to lean more towards the 500-600% range. I asked him if there was any other expense related to going from fuel storage and blending to reselling and he said not really from his understanding. So what we discussed earlier stands. If we make close to say 3M in 2009 by just storing the fuel and selling it, we could make up to 15 or 18M through reselling with most of that money minus finance charges going to the bottom line. That's what I wanted to hear.
According to Steve today, the financing deal for Flotec will not be soon. It's imminent. We both got a laugh out of that.
RXPC Inc. is actually further along than ever before imo and we may just be trading again soon. I've talked to Peter several times recently and he seems to be doing everything possible to get us trading again. Rather than complain and moan about what happened with RX Processing, how about looking at where we're at now and the fact we could be trading again very soon. Have any of you actually looked at our drug prices? I thought the same thing about the Wal-mart PR initially but then on the other hand, new investors/clients may actually find RXPC Inc through that and look into it. I know RXPC Inc is getting noticed as even friends in my town have come across the company while searching for cheap online drugs.
I see that. WOW!
But with that scenario your saying that our expenses and cost of product sales went up from around 2M (again minus consulting fees) to nearly 12M when the only thing we changed was going from just storing fuel to reselling it. That's a $10M increase in costs just from that change. It can't be that much. I know it's the unknown on exactly how much more it will cost to go from just storing to reselling but either way, the numbers look quite impressive.
If we're making about a penny a barrel now and under reselling we would make 5-6 cents a barrel, the math is simple if we know what extra cost might be involved. Interesting to say the least.
Just for fun I ran the numbers using your 500% number.
Let's assume 14.8M in revs after a full year of reselling
I then took all our expenses and cost of product sales from 2007 and added 25% to them (except I eliminated the consulting fees and lowered the professional/legal fees by a third).
So now were at 14.8M - 1.9M = 12.9M in net profit
12.9M/67M = .19 eps (x your multiple of choice)
Even if you doubled the cost of everything minus the consulting fees the net revenue would be 14.8M-2.8M for 12M profit= .178 eps. It can't be that good can it...lol! I'd really like to know what additional cost is involved going from storing to reselling. If it's not that significant, this will be quite a ride if we get that license and start reselling our fuel!
Exactly! And if you take out our consulting fees from 2007 and say cut the professional/legal fees in half, the net margins were around 15%. What we don't know quite yet is how much extra cost is involved in reselling. Any idea on how much of that would go to the bottom line? Numbers look pretty impressive when you look at it from that angle.
I just wanted to know where you were coming up with the 30% number. I assume as contracts come up with our other customers we may see similar numbers. Now is it your understanding brikk that if we start reselling fuel we would not see the 2.5-3M in revs but the potential to be 5 or 6 times that number? So if we're making a penny a barrel (and we would sell 1.92M barrels over the course of the year) then all of a sudden we make say a nickel a barrel. So instead of 2.5-3M in revs we're at 12.5-15M in revs. Sound good?!
We had nearly 2M in revs in 2007 and if this contract is worth at least 1M per year (for the next 3 years), then we are making over 1M from just using 50,000 or our 160,000 facility. We know we are running at full capacity so I'm just thinking that if we use those kinds of numbers for the whole facility, we'd be over 3M in revs at that rate. And of course, this does not count if/when we start reselling fuel which is supposed to increase our margins 500-600 percent.
Why do you say only 30% increase? If this contract is worth a little more than 1M per year for just 50,000 barrels/month of our 160,000 barrel facility, it seems like we'd have the potential for over 3M for the whole facility. But then I don't know what the revs currently are for the other 69% of our facility. Thoughts? And that does not include reselling fuel, our next goal, which would increase our profit 500-600% per the company.
They sure do! And that's down considerably from what it could have been because both Byrd and Wooley each turned in 9M options. They each exercised their 3M each at .03 on the 12th.
So we should see another 750K show up for Peggy Behrens and at some point the final 2.5M for other services for a total of 17,757,000. Still a nice tight O/S around 67M!
Name and Address of Beneficial Owner (1) Amount and Nature of Beneficial Ownership (2) % of Class (6)
Sonny Wooley: 15,975,000 (3) (4) (5) 32.24%
Timothy G. Byrd, Sr.: 13,250,000 (4) (5) 26.74%
Peggy Behrens: 2,170,100 (5) 4.38%
Executive officers/directors as a group: 3 persons)
32,395,100; 63.37%
The above numbers and percentages are as of March 31, 2008.
(1) The address of each beneficial owner is 2500 CityWest Boulevard, Suite 300, Houston, Texas 77042.
(2) Unless otherwise indicated, all shares are held directly with sole voting and investment power.
(3) Includes 256 shares held indirectly.
(4) Includes 5,500,000 shares that may be issued in conversion of accrued compensation.
(5) Includes 750,000 shares that have been authorized for issuance to the named person but not yet issued.
6) As of December 31, 2007, CMMI has 49,544,226 shares outstanding. There are a total of 17,757,000 shares committed and authorized for issuance, 15,250,000 of which are authorized for issuance to our directors and officers. However, as of December 31, 2007, the Company was unable to issue these shares because it did not have sufficient authorized shares. The numbers above include all shares authorized for issuance to our officers and directors even though we cannot legally issue them. The numbers above also assume total outstanding shares of 50,000,000 (the Company’s maximum number of authorized shares). On January 30, 2008, the Company’s shareholders authorized the increase of the Company’s authorized capital to 500,000,000 shares, and as a result, the 17,757,000 previously committed but unissued shares may be issued at any time. If all previously committed shares were issued, then Adino would have a total of 67,301,226 shares outstanding. If the full outstanding amount of Adino shares (67,301,226) were used for purposes of the calculations above, the percentages would be as follows: Mr. Wooley: 23.74%; Mr. Byrd: 19.69%; Ms. Behrens: 3.22%; All directors and executive officers as a group: 46.65%.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5877426-1252-149732&type=sect&dcn=0001137171-08-000407
Excellent! And our CEO said what I wanted to hear, that the main focus right now is to close the financing deal to purchase our current terminal. They must be real close!
The huge run-up started as soon as the PR'd the Army 50Kw sale. The main MAT's they are expecting to produce are 360Kw. The tiny O/S certainly produces easy price swings but I'm wondering who else is buying. There's been around 400K of action in two days. That can't just be a few I-hubbers.
What is going on here? Another up 24% day on the biggest volume ever! Can MMGW be stopped? Just crazy based on one Army PR. Who's buying at these prices? Is something bigger coming???
yahoo is a joke. I saw nothing there but the usual yahoo profanity and ridiculous attacks. I'm not even a believer that BLTA will get off the air but that's because I've done my own DD. I'd never listen to a yahoo message board for my decisions...lol! Do you have any DD to share?
That's where I'm at. Waiting for that billion dollar DPDW!
Catching up with all the posts and finally got to watch the video. Outstanding. I particularly liked that Mr. Chamberlain said that of the 80B being spent in their industry in the next 5 years, they are going after 2-3%. That's 1.6-2.4 Billion! And then Mr. Butler said they could be a billion dollar company in a couple years if they keep their team together! Incredible!
That would get us moving again!
I always like it when I-hub breaks the news first. I'm sure we'll hear something else soon. I wonder if it will be something more on our reselling of fuel, the funding to purchase the IFL property or ???. I guess we'll find out soon...lol!
MMGW continues to amaze with another huge up day on big volume and a close near it's HOD. A triple off recent lows.
More revs for ADNY!
Nice catch Landshark! We're making progress. Adino Energy link takes you right back to IFL but otherwise looks good.
Finally some profit taking today after topping out at $1.24. Up 37 percent this week. Very few shares available when the O/S is only around 4.75M and the CEO owns 1.7M shares (as of last year's Annual Report).
Not sure this price will hold without a PR indicating they have the 750K of equity funding needed to build 3 MATS on leased land in California. The Army sale was just a small 50kW project while the full size MATs are 360kW producing an expected 1000 Megawatt hours per year and costing around 200K each to build and set-up according to the business plan.
I also added on capitulation day when most were selling. My DD brought me to DPDW a long time ago and the quality of the company has kept me. It's certainly worth holding some DPDW for the long term. It's fun to see the daily, weekly and monthly swings, but all that matters to me is where we will be years down the road. DPDW is an investment to me.
well said jdsgungho! we've been trying to tell everyone that DPDW is the real deal. Just grab some shares...sit back and watch the show for the next 3-5 years!
By the way...we continue to form a nice right side to our 28 week base. I still think we'll be in the $1.50 range give or take in the next 4-6 weeks and then we'll form a handle and break out to $2.00 bucks + and new highs. I suspect we'll see a few high volume up weeks very soon. Timing continues to be good for all of this due to upcoming Q1, OTC show interest and now the Flotation Technologies acquisition.
$1.11 close on what I believe is the biggest volume ever!
big buyers being let in between the bid and ask.
Hard to argue with those few that might actually be able to make money doing that but we're just days away from our Q1. No way am I selling here! Our next big leg up could begin at any moment. Considering DR has us pegged at .07 eps this year. Give us a forward looking PE of 30 and that's $2.10.
More like a little explosion. Thanks bashers! LOL!
WOW! A dollar are you kidding me. Up 150 percent over recent lows. I guess that's what a low O/S (less than 5M) OTCBB will do with their first announced MAT sale to the U.S. Army!
And we even got more than our 3 minutes worth lol!
Press Release Source: Labwire, Inc.
Labwire Becomes an SEC Reporting Company
Wednesday May 7, 10:00 am ET
HOUSTON, TX--(MARKET WIRE)--May 7, 2008 -- Labwire, Inc. (Other OTC:LBWR.PK - News), a leading provider of employee screening solutions, canine security, and compliance surveillance services, is pleased to report that on April 14, 2008 Labwire (trading symbol: lbwr) became a reporting company with the U.S. Securities and Exchange Commission. As a result, the company will be filing with the SEC periodic reports containing up-to-date information about the company, and the company will be subject to additional requirements enhancing investor protection.
The necessary steps are now being taken to have the company's common stock traded on the OTC-BB (Bulletin Board). Management is now interviewing market makers and upon completion of the selection process projects the move to OTC-BB trading in approximately six weeks.
During this time, management is transitioning into the status of a full-reporting public company. "We are working with our auditors to complete the 2007 annual audit as well as a review of our books and financial activity for 2008. We are getting everything prepared so that we can commence filing our periodic reports," stated Marlin Williford, Labwire CFO.
Dexter Morris, Labwire Chairman and CEO, offers the following business insight: "We are excited about being an SEC reporting company and the possibilities that it permits having our common stock traded on the OTC Bulletin Board. These have been two of our major objectives for some time and it is a management priority to bring this process to a successful conclusion as soon as possible. Business prospects continue to be bright and I look forward to sharing progress with our shareholders as our marketing efforts turn opportunities into new contracts and increased business with existing clients in the coming months. We are entering our busy cycle for business development and I am very excited about the opportunities we are seeing in the marketplace."
About Labwire:
Labwire Inc., Headquartered in Houston, TX, provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, web-based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry.
Safe Harbor Provisions:
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Labwire, Inc., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
Contact:
Investor and Public Relations Contact:
Marlin R. Williford Jr.
email: mwilliford@capnetrisk.com
Phone: (832) 487-7803
Source: Labwire, Inc.
http://biz.yahoo.com/iw/080507/0394428.html
Augmenter Shop Fabrication Time
4/15/08
(1) Dump Panel Hinge Plate, 40 pieces
40 cuts x 2 min/cut= 80 minutes for bottom plate
40 cuts x 2 min/cut= 80 minutes for axle pipe
160 drilled holes x 1 min/hole= 160 minutes for mounting holes
240” of weld x 1 min/inch= 240 minutes of welding pipe to plate
(2) Pole axle plate, 20 pieces
20 cuts x 2 min/cut= 40 minutes for plate
20 cuts x 2 min/cut= 40 minutes for pipe
40 drilled holes x 2 min/hole= 80 minutes for mounting holes
10 drilled holes x 2 min/hole= 20 minutes for axle lock bolt
120” of weld x 1 min/inch= 120 minutes of welding pipe to plate
10 welds for lock nuts x 3 min/weld= 30 minutes of welding
(3) Pole foot plate, 12 pieces
12 cuts x 4 min/cut= 48 minutes for bottom plate
24 cuts x 3 min/cut= 72 minutes for joint plates
48 holes x 3 min/hole= 144 minutes for bottom plate holes
48 holes x 2 min/hole= 96 minutes for joint plate holes
216” of weld x 1 min/inch= 216 minutes of welding joint plates
(4) Tower cable anchors, 4 pieces
4 cuts x 2 min/cut= 8 minutes for cutting 4 x ½” angle
8 holes x 2 min/hole= 16 minutes for mounting holes
Cutting time Drilling time Welding time
(1) 160 160 240
(2) 80 100 150
(3) 120 240 216
(4) 8 16
Totals 368 516 606
25 hours of shop time to fabricate augmenter parts.