Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So it would seem.
Right now there is no reason for the share price to go up. So, it drifts down.
I guess different people have different expectaions of what will happen.
One thing that we do know is that much of the buying pressure has come from the Ihubbers.
last count I saw from Grand Pop was around 125 mil shares held by us.
That is a lot of buying pressure. However most Ihubbers are either tapped out or have reached the Dollar amount that they are willing to put at risk on one stock. Hence the buying pressure has diminished.
Until we get some solid data, I don't see the buying pressure increasing much.
I guess the easiest way is to tell you to go look for the pump & dump activity. If you don't find it, then you can feel better.
Second. Remember Warren Buffet's comment. The stock market is a marvelously efficient mechanism for transferring wealth from the impatient to the patient.
Decide which of those two categories you fit into and act accordingly.
Personally I'm working on getting some more money available to take advantage of these prices.
It could easily be someone who just discovered this stock and has completed their DD.
Reading the I-Box, verifying the information, and then taking a position.
No insider info required.
The answer is that to become fully reporting in the SEC sense is a costly proposition. Requiring specific procedures to be implemented, certain audit procedures that are specific to Sorbanes Oxley etc.
There is far more than just good accounting practice involved.
I'm guessing that at this time management doesn't see that the costs are worth the benefits.
As an investor I'd like to see them get fully reporting status and move up to the OTCBB. I'm pretty sure they will do that when the cash flow is there.
Remember that a good stock price doesn't do the company much good unless they are planning to sell more shares. It makes us investors happy and at some point that does good things for the company, but right now unless they are planning to use shares to purchase something. share price doesn't impact the companies operations.
Some time in the future, say a year or so, there are a number of shares that are restricted and held by insiders that will come off of restriction, and then those folks will be plenty interested in the share price.
All in all, the price will take care of its self as additional task orders and contracts come.
You sly dog, you.
Price action is indeed obvious.
What is driving that action is not so obvious.
I'll pass on that.
Trying to protect people from themselves is a fools errand.
The people that read that msg and understand it don't need to see it again.
Those that don't understand it or choose to not agree with the ramifications, seeing it again won't change anything.
To expand upon your answer a bit.....
The companies that EVRM is partnering with are all major govt. contractors subject to strict govt accounting rules. Those rules are more restrictive than the GAP accounting rules that most reporting stocks have to comply with.
As a result those large govt. contractors impose similar strict account requirements on their subcontractors, which is STS/Evermedia. So even though EVRM is not a reporting company in the SEC sense, it is under a high level of accounting scrutiny by it's large Govt. contracting partners, because they are under heavy scrutiny by the DOD & HLS.
Grannatt discussed this with me when I talked to him a 10 days or so ago. He laughed a when I asked how much more difficult it would be to become a reporting company. He then explained what they already had to comply with.
This is a negative for EVRM as most see it not being a reporting company don't understand what accounting standards EVRM is already complying with.
The volume is settling back down to where it was before the last run.
Hardly seems right to call it no volume.
Without serious new information to drive purchasing, these vol numbers are to be expected.
Grandpops numbers show that this group of Ihubbers has been the driving force in EVRM share purchasing for a while.
As the Ihubbers (my self included) have run out of money to purchase shares, the price has languished at the hands of the MMs due to lack of buying pressure.
And that is OK. The folks that are looking for the short term pop are going to be disappointed until more contract news comes out.
I'm not convinced that the 3rd qtr report is going to have the block buster numbers that some here are expecting. We'll find out in two weeks. I hope that they are great. But I will not be disappointed if they are just a good.
EVRM is just barely a sapling, with a little time is shows signs of growing in to the mighty oak we are all expecting.
Now days M&M's don't even need to make money on the spread. They get paid for the volume, so if they can swap shares at break even, they can still make money.
Kinda sheds a little light on the vol / share price action over the last few weeks doesn't it.
Steady_T
As Warren Buffet says " the stock market is an excellent mechanism for transferring wealth from the impatient to the patient."
We are seeing this happen right in front of us.
Steady_T
Exactly why this is not the typical pink and most of us are here.
Nov 18th is getting closer. The Halloween sugar rush should have worn off by then and we can munch on some substantial numbers for some serious nutrition.
That assumes that the company is after investor money.
Unless they start selling more stock, the share price doesn't generate any money for the company.
The company has spent its shares on the acquisition of STS and is now developing the potential of STS.
Reported revenues will do more for the share price than announced contracts will. Especially since the contracts announced so far do not have an specific Dollar amounts that will flow to the company.
If they announce contracts that are specific to STS Evermedia with Dollars attached that can be solidly projected as revenues, then that will have the effect on the share price that you are looking for.
From what the company has announced so far I'd say that the potential for the company has increased. Only time will show if that potential is realized or not.
So far there is plenty of reason to believe that much of the potential will be realized.
Yep the stress-o-meter dropped a bit today.
My sense of this is that we won't get 1 big contract with large $ attached for a while. Not that I wouldn't like a biggie.
What I expect is a constant stream of contracts like we got today. No specific Dollars attached at the outset. These contracts will start to generate specific task orders under the overall contract as time goes on. I'm guessing the each individual task order will not be huge, but there will be an increasing number of them. Each one contributing to the the increasing revenue stream.
Sort of like sand sliding down a sand dune. A few grains start tumbling down at the beginning. A few more join them as they move down the face of the dune. By the time they get to the bottom it's big wave of sand.
Of course, I quite willing to wrong. Especially if they announce 3 big contracts next week.
It means that 80% of the profits STS will go to Evermedia Group.
Evermedia Group is a holding company. It doesn't do work, or as they say in business speak, it is not the operational arm of the company.
STS is the operational arm of the company that does work and produces revenues.
Evermediabiometrics is owned by Evermedia Group directly and if not presently will soon be an operational arm of Evermedia Group also. They are the company with the Iris scanner and the software patents. I would expect to see Evermediabiometrics providing services and materials to STS in the furture.
Glad to help.
What people don't seem to grasp is that the contract allows for task orders.
Task orders are the specific work requirements for services and hardware that companies get that they get paid for performing. Those task orders will come from individual depts. within DHS as the individual depts. identify requirements.
The overall contract says to DHS depts. here is a list of approved vendors for these specific services if you require them. There is $1.5 Bil available for these services if you need them.
Stervc and others can shed more light on this, but my understanding is that each Dept. will have it's own budget to order these services out of. This contract tells them where they need to go to get those services.
Your buddy was correct. $250.00 is all of the money that has been obligated by this contract at this time.....This time being the awarding of the contract.
If you read the contract posted by one of our great DD finders, you would have seen that the $250.00 is there to satisfy a minimum Dollar award requirement.
The maximum $ amount of this contract is $1.5 Billion.
The actual $ amounts will be determined over the life of the contract as task orders are issued under the contract.
Depending on where you bought in, say .026, and you sold out at .034, that is a 24% profit.
You could now buy back in at .029 or wait to see if it drops some more.
24% is a pretty good lick.
It's not the 5 to 10 bagger that we longs are looking for, but then it's cash in hand.
I guess you had to read the whole PR
to see the part where it says that "STS is a wholly owned subsidiary of STS Evermedia Corporation.... STS Evermedia Corporation is a subsidiary of the Evermedia Group, Inc."
You still don't get it.
Just because you want something doesn't mean that others are obligated to provide it to you.
It is really that simple.
How about, "because it's his right."
Does there need to be any further discussion?
Which of your rights are you willing to give up to please some anonymous poster on IHUB?
If he chooses to post it, that's all well and good. If doesn't choose to post it, it is his choice to make. Not yours, not mine, his.
He doesn't owe anyone an explanation as to why he made the choice he did.
What part of that don't you understand?
Nor is there are requirement for an individual to self publish a public document.
The requirement to provide public access to a document resides with the public agency involved. In this situation it is the court, which has made the document public over it's website.
If they are not fast enough in making that document public to suit you, then take that matter up with them.
Could you show how you determined that his actions out of the actions of all of the various players have been the cause of the share price decline?
None of those links to fraud cases mentioned anyone having top secret security clearances or people that are currently reserve officers.
Before you go hunting for links to show that such people do exist, I'll postulate that there are a few.
This is a numbers argument. There are proportionately fewer people with clearances that commit fraud. From that you may have an increased sense of trust. Not to it can't happen or hasn't happened, just less likely.
I couldn't find a 10% cap gains rate anywhere on-line. I did find this information.
http://www.investorsinsight.com/blogs/retirement_watch/archive/2009/01/30/taking-advantage-of-the-0-capital-gains-tax-rate.aspx
For the two lowest tax brackets, the tax rate in 2008 through 2010 is 0% for qualified dividends and long-term capital gains. This compares to the 15% top rate others will pay on those types of income. Single taxpayers with taxable income up to around $33,000 and married couples filing jointly with taxable incomes up to about $65,100 qualify for the 0% rate. The 0% rate applies to any long-term capital gains that qualify for the 15% rate for other taxpayers, not to just to gains on publicly-traded stock.
But there is a lot of confusion and misunderstanding about the 0% tax rate.
It is not an all-or-nothing situation. Because the tax rates are graduated, even some taxpayers with incomes above the threshold could have some income taxed at the 0% rate.
Many retired couples have taxable income below $65,100. Suppose a couple normally has taxable income of $30,000. In 2009 they realize a long-term capital gain of $70,000, bringing their taxable income to $100,000. The first $35,100 or so of that capital gain is taxed at the 0% rate. The rest of the gain is taxed at the 15% rate.
Keep in mind that interest from tax-exempt bonds is not counted in determining the threshold, so well-off taxpayers can qualify some or all of their qualified income for the 0% rate.
He has put time effort and money into obtaining what he thinks is a better outcome for MOSH unit holders.
And your contribution is what again? Oh yeah.... throwing barbed messages and denigrating those who are making efforts to change the situation.
Thank you for your efforts.
Stervc. Very good. Thanks for putting a little grey matter on this.
Steady_T
stervc. Concerning the Bagdad property contract of $871,000/yr.
Based on your experience as a contracting officer in Iraq how much would you expect that the 7 employees of STS are being paid yearly, assuming that they are Americans?
Based on the few folks I have talked too that have been over there as contract employees I'm going to guess $80 to $85K / Yr.
Using $80K * 7 = $595,000 / yr in salaries plus whatever additional expense say $50,000 = $250,000/ yr profit on contract as a ball park number.
Does this calculation pass the smell test in your experience?
thanks
Well... there is that little matter of $5.3 nil that the trust owes JPM.
Yes indeed......MM's are having a field day with the price.
Interesting that the daily vol has increased quite a bit from where it was a month or so ago, the MM's are still messing with the price.
This will continue until we get a Q or some PR's with numbers attached.
Ahhhh... the joys of the Pinks
Somehwere I got the idea that STS Evermedia owned STS and the Biometrics scanner company (Evermediabiometrics).
That isn't how it is.
STS Evermedia is a holding company that holds STS corp only.
A holding company, STS Evermedia Corporation serves the interests of System Technology Solutions, Inc., a San Antonio TX-based Information Technology company specializing in state-of-the-art security products and services for the private and government sectors. STS Evermedia is a Delaware Corporation, majority owned by the Evermedia Group, Inc. Offering related but distinct services and products, STS Evermedia Corp. consolidates certain assets between corporations to generate new opportunities and expand market capture. STS Evermedia Corporation promotes a joint business objective to ensure an ideal balance of high quality customer care, fluent support, and service of both well-accepted and emerging, innovative technologies. STS Evermedia accomplishes the following:
SEVM PUBLIC RELATIONS—SEVM provides a platform to advance all public materials regarding the services, products, and capabilities of STS.
SEVM INTEGRATED TECHNOLOGIES—SEVM combines services, products, respective industry knowledge, and expertise to solidify existing revenues while facilitating the invention, application, and advocacy of original technologies.
SEVM STRATEGIC BUSINESS DEVELOPMENT—SEVM sets forth transparency standards, managerial interests, and performance guidelines designed to yield the highest-possible benefit from all opportunities.
Evermediabiometrics is owned by the Evermedia Group.
EMBC is a veteran-owned corporation that develops biometric-based identification management and authentication solutions using proprietary, patent-protected iris recognition technology. EMBC is involved in the development of biometric-based authentication and verification systems to protect personal identity. The company’s proprietary technology is patented in the United States, China and South Korea.
Evermedia Biometrics Corporation is a wholly owned subsidiary of The Evermedia Group,Inc. (EVRM).
If I have caused anyone confusion, I apologize.
Correction to my previous post.
Evermediabiometrics is owned by Evermedia Group.
Thanks mastaflash for pointing out my error. Ooops.
That would depend on which entity gets the contract.
STS still exists as a company.
Evermedia exists as a company.
STS Evermedia exists as a separate company that owns STS and Evermedia.
Evermediabiometric exists as a separate company that owns STS Evermedia.
Each of those companies can contract in its own name. Each company would require it's own Dun #.
Suppose there is a contract that looks like a fit for STS Evermedia because each company has resources that will be required to fulfill the contrat requirements.
STS could win it and subcontract out part of the work to Evermedia or STS Evermedia could win it and sub out to both STS and Evermedia.
There are all sorts of ways to handle things that get the job done.
The technology of biometrics is in use in a lot of different places. Presently in Iraq they are using iris scanning. I don't know if they are using the specific technology that Evermedia has.
What Evermedia has is a data compression algorhythm that allows for better pattern ID and smaller storage space requirements.
The hardware itself is not as Frank Zappa would have said "The crux of the biscuit".
He did mention that it can take as many as 25 iterations of a PR before all of the parties agree on the wording.
That's a lot of trips through legal, project management, and the business management offices.
Because of what he gets for that.
Weitzel gets to keep 51% of his old company plus he gets 51% of Evermedia's biometrics technology and a public shell that is working with a lot of good people associated with it.
Synergy I think it's called.
And he is CEO of the now larger entity and has a pot full of shares in the parent holding company.
Maybe that is what he saw in the deal that made him think it was a good situation for him.
I just spoke to Robert Grannat. Very pleasant guy to talk to.
Weitzel owns 51% of STS Evermedia group.
PR philosophy is to PR it once it has $ attached and all of the involved parties agree to the PR.
All in all, makes me want to add a few more to the stash.
Steady_T
I have made a number of calls to the office. So far I have not been able to speak to anyone from Evermediabiometrics.
I will continue to call.