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I'd say most of traders are long gone now. They pumped, made their money and left. Now I'd just like to know if PBLS has any other shares they plan on getting rid of. Based on the volume since we topped out, I don't think it could have been all I-hubbers. PBLS must of have sold a big chunk of their 1.4M shares. Hopefully a lot of them. We still need to see progress though on the in-home direct sales model and financing. Until then, I don't expect much to happen imo.
Nice job HJH! At least it's official through the Montana SOS.
For money owed. That's how. Here's the old PR
Phoenix Acquires Equity Position in Leisure Direct, Inc.
Phoenix Becomes Schedule 13-D Filer of Leisure Direct, with Holdings of 11.9% of LDTI’s Outstanding Shares
MADISONVILLE, LA--Feb 13, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) and Leisure Direct, Inc. (OTCBB: LDTI) announced today that Phoenix has purchased an 11.9% interest in Leisure Direct and will be shortly filing a Schedule 13-D relating to the 1,464,300 shares recently purchased at $0.09 per share.
Leisure Direct, Inc. is an emerging company in the Pool, Spa, and Backyard Recreation Industry. Its Chairman and CEO, John R. Ayling, stated, “We are indeed pleased to have Phoenix Associates as an investor in our company.”
Mr. Ayling commented further, “Our goal is to consolidate a fragmented market. We intend to implement a multi-faceted and direct approach to sales and marketing that will enable LDTI to provide consumers with a wide range of products and services for pools, spas, and related patio products in a $12 billion segment of the $30 billion pool and spa industry. With Phoenix as an investor, with its three pool related business units and a strong knowledge of the pool and spa industry, we look to the potential of a growing synergistic relationship between our companies.”
Mr. Alonzo, President and CEO of Phoenix, stated, “We have made this investment in Leisure Direct with an eye to the future. We appreciate the size and complexity of the pool and spa industry, and we believe that John Ayling and his team have identified a strong market of opportunity. Through our investment, we look to benefit from the growth of his company.”
About Leisure Direct, Inc.
Leisure Direct, Inc., headquartered in Perrysburg, Ohio, is a unique and innovative company in the Pool, Spa, and Backyard Recreation Industry. Founded in December 1999, its mission is to become the premier, highest quality and most nationally recognized manufacturer and direct marketer of pool, spa/hot tub, and patio products in the United States. LDTI intends to implement its strategy by acquiring existing manufacturers of backyard entertainment products and building a direct marketing distribution network. For more information, visit http://www.leisuredirectinc.com
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact:
John R. Ayling, Leisure Direct, Inc. (419) 873-1111
Mike Mulshine, Osprey Partners, (732) 292-0982 osprey57@optonline.net
Contact:
Mike Mulshine
Osprey Partners, 732-292-0982
Email: osprey57@optonline.net
Do we know how many of the $1.4M shares that PBLS acquired are available for trading? Like Chad said, 2/15 was the one year date and some are available to sell even though they were acquired in a PP at .09. Has anyone checked to see if all of those shares are free trading now or do some have longer than 12 month restrictions? There are some other shares out there that could be still floating around from services rendered over the last couple years but overall they have been kept to a minimum as noted by our low O/S of 13.8M.
From last years 10K:
Has anyone checked into whether this debt was paid off? Otherwise, Mr Ayling must provide $1M of his own shares by 3/31 the way I read it. Hopefully, this was settled in the last year. If nobody knows, I'll check into it.
On March 20, 2007, the Company entered into a Continuation of Professional Services agreement with Couchot, Hogenkamp & Seving, Inc. (CHSI). Per agreement, balance owed as of February 28, 2007 to CHSI was $38,712. Upon execution of the agreement an additional 50,000 shares were issued as additional compensation to CHSI and the Chief Executive Officer entered into a collateral agreement with CHSI where the Chief Executive Officer will give CHSI 1,000,000 shares of the Company's stock owned by the Officer to CHSI if obligation is not fully satisfied as of March 31, 2008.[i/]
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001096906-07-000587&Type=HTML
Up on big volume, down on sleepy volume. Calm before the storm hopefully.
All it did was settle back to where it's been trading for a long time. Charlatan (Chad...LDTI IR) came over here and pumped it up. A bunch of his followers bought early and then sold after a nice profit imo. Now we're back to reality where we wait for solid news on the in-home direct sales drive that according to Ayling could gross $32 million in sales over the next year. And we also wait for non-toxic financing (which has been hard to come by) to acquire our first several spa companies. Since Bob Dapper of Royal Spas will be our supplier and since he is our President, it gives LDTI some credibility. The business plan seems solid, we just need some financing imo and a couple quarters to see the revenue pouring in. In the past, the .03 to .05 range has always been bottom and a good buying opportunity. There never has been many shares issued for services. Some each year but obviously not much with the O/S still only around 14 million. Ayling thinks we'll get some financing soon. That would give this a huge pop imo. Updated news on the in-home direct sales process would help also since marketing begin about 10 days ago. jmho...
What a great week! Just more confirmation of our bottom that formed on 2/18. I think everything is coming together for a great rest of 2008 and beyond. It took us 16 weeks to put the left side of this base in. Give us another 16 weeks or so to put the right side in, and then form a nice handle and break out to all-time highs over the summer. Should match up well with the valuations and eventually get this stock forward looking again.
I told ya DPDW shares purchased now would be golden down the road. Up almost 50 percent since my post! DPDW showing some strength! Golden I tell ya...Golden!
I'll have to find out some more info on that. Have they mentioned a LDTI phone number? We need a business number instead of Mr. Ayling's Capital First shared office number.
Did he say they needed the financing to get the in-home direct sales approach started? Or just for the acquisitions?
Let me know what you think. Feel free to bring the good and bad you find so we can discuss it. As to LDTI, I've talked to both the CEO (John Ayling) and Robert Dapper (found of Royal Spas) and they both seemed like straight shooters from my initial impression. LDTI has really struggled to find non-dilutive financing and John said it was much harder than he expected but he feels pretty confident that it will come soon. The recent PR about the potential $32M in sales over the next 12 months with direct in-home sales is a totally new angle. Mr. Dapper seemed very excited about this joint venture shall we say. Interesting to say the least.
CMMI has the same IR as DPDW and a similar following. Potential is there if they follow through and go from just storing the fuel at their terminal in Houston to actually reselling (supposed increase of 500-600% in net revs). The name will be Adino Energy at anytime along with a new ticker to better reflect their new focus.
I'm aware of the company but I try to stick with fully reporting OTCBB stocks now. You think ADJT is for real?
CMMI.ob - Waiting for name and ticker symbol change. Some of us believe it has solid potential when they get into the reselling of fuel instead of just storage as they are doing now.
LDTI.ob - Interesting alignment with Royal Spas as Bob Dapper (owner of Royal Spas) is our President. New marketing begins today for LDTIs direct in-home sales push. Royal Spas will supply everything they need and LDTI will sell them direct. Future acquisitions pending solid financing.
DPDW.ob - I think any shares bought here will be golden over the next few years.
Always looking for more! Thanks for stopping by oldno7!
This was never answered on the BLTA board so I post it here if anyone has any real discussion. It's all in black and white from the DOT about needing 1/4th of their operating expenses plus startup costs (which now appear they can get by on less than $2M) but that means they still need $16M to start with their main business plan of building to 5 round-trips/wk. Either DOT will have to give in (unlikely) or BLTA will have to tone down their plan and thus the eps outlook. Assuming BLTA is really going to fly my best guess is they will have to cut their plan about 40% and by the summer of 2009 their eps will be in the .03 range. So take an industry avg pe in the 15-20 range and you get .45 to .60 for the pps by early to mid 2009. Nice if they can pull this off without any issues but nothing spectacular. The other issue that is still uncertain is that some of that $11M they have on hand is not readily available at startup (Preston Capital, warrants). We'll see what the final resolution from the DOT is on that.
BLTA post (updated above to include less start-up costs)
Maybe someone can answer me why they think BLTA has sufficient funds to meet the DOT demands. According to the DOT's response from 11/6 (page 5), BLTA needs 1/4 of their forecast operating expenses which is $58,952,208 according to pro-forma projections plus start-up costs. That's $14,738,052 plus start-up costs which I used an additional $5 million (could this be less?) for a total of nearly $20 million. So from what I see on the latest response from BLTA they added additional funds of about $2 million but at $11.2 million they're still well short.
Now this is based building up to 5 round-trips per week directly from BLTA's pro-forma. Now I thought they could trim back their goals early on but then the net revenues generated don't support a much higher price than where we're at now (for example the one roundtrip per week with 17.3M in operating costs for the first year and a net profit of $2.8M.) However, when you run the EPS on those numbers and all the shares O/S at that time (near 300M) the eps is only .009. The EPS on a net income of $14.6M looks much better (nearly .05). But they need more money to start with this plan imo.
I'm interested in hearing from those that feel the funds are there even though the DOT specifically states they need more the way I read the DOT response. The EPS numbers just aren't that exciting for the next 12 months without these higher revs of the 5 flight scenario. Thoughts??? Tks
Look at page 5
http://www.regulations.gov/fdmspublic/component/main?main=DocumentDetail&o=09000064803611cd
This was never answered on the BLTA board so I post it here if anyone has any real discussion. It's all in black and white from the DOT about needing 1/4th of their operating expenses plus startup costs (which now appear they can get by on less than $2M) but that means they still need $16M to start with their main business plan of building to 5 round-trips/wk. Either DOT will have to give in (unlikely) or BLTA will have to tone down their plan and those the eps outlook. Assuming BLTA is really going to fly my best guess is they will have to cut their plan about 40% and by the summer of 2009 their eps will be in the .03 range. So take an industry avg pe in the 15-20 range and you get .45 to .60 for the pps by early to mid 2009. Nice if they can pull this off without any issues but nothing spectacular. The other issue that is still uncertain is that some of that $11M they have on hand is not readily available at startup (Preston Capital, warrants). We'll see what the final resolution from the DOT is on that.
BLTA post (updated above to include less start-up costs)
Maybe someone can answer me why they think BLTA has sufficient funds to meet the DOT demands. According to the DOT's response from 11/6 (page 5), BLTA needs 1/4 of their forecast operating expenses which is $58,952,208 according to pro-forma projections plus start-up costs. That's $14,738,052 plus start-up costs which I used an additional $5 million (could this be less?) for a total of nearly $20 million. So from what I see on the latest response from BLTA they added additional funds of about $2 million but at $11.2 million they're still well short.
Now this is based building up to 5 round-trips per week directly from BLTA's pro-forma. Now I thought they could trim back their goals early on but then the net revenues generated don't support a much higher price than where we're at now (for example the one roundtrip per week with 17.3M in operating costs for the first year and a net profit of $2.8M.) However, when you run the EPS on those numbers and all the shares O/S at that time (near 300M) the eps is only .009. The EPS on a net income of $14.6M looks much better (nearly .05). But they need more money to start with this plan imo.
I'm interested in hearing from those that feel the funds are there even though the DOT specifically states they need more the way I read the DOT response. The EPS numbers just aren't that exciting for the next 12 months without these higher revs of the 5 flight scenario. Thoughts??? Tks
Look at page 5
http://www.regulations.gov/fdmspublic/component/main?main=DocumentDetail&o=09000064803611cd
More excellent discussion. Might we worth a call to BLTA and ask them specifically about that 1/4 funding number and if they are prepared to modify their plan to meet the requirements (assuming DOT sticks to their guns). Then it just comes down to a valuation number for me and whether they can actually be successful.
That's the kind of discussion I was hoping for. My question on that is it still talks about the 1-3-5 round-trip plan that appears to be their higher end pro-forma projection. One round-trip for the first month, then after 2 or 3 months (little confusing) of 3 round-trips/week they plan on 5 round-trips/wk. Now based on that scenario, They'll get almost $84M in revenue, $58.9M in expenses and $14,6M net income. But again, the way I interpret the DOT response from November is that they still require 1/4th of that $58.9M plus start-up costs(which apparently is only $1.3M). With those numbers, we're looking at almost $15M + the 1.3M = roughly $16M needed based on that pro-forma. Now the paperwork they submitted to the DOT back in October, appeared to use that plan. Maybe you are right and they will have to modify this slightly to match the amount of money they have. I also noticed that they really want that Preston Capital money upfront and not upon commencement of the flight operations. Thoughts?
My main problem is the DOT response like I said where they talk about BLTA needing 1/4 of their expected operating expenses plus start-up costs. Maybe you can bring additional investors over here if you are correct. That paragraph is my main sticking point. They don't have the nearly $15M plus start-up costs to do their main pro-forma plan from what I see. Yes, they have enough to do a toned down version but with less net income potential.
This is my sticking point. This paragraph from the DOT's response from 11/6th. That's all. I won't pester you anymore.
To meet the Department's financial fitness test, Baltia must demonstrate that it has access to funding sufficient to cover all pre-operating expenses and one-fourth of its first-year
forecasted operating expenses. Based on our review, it does not appear as though Baltia has the financial wherewithal to conduct its proposed operations. Without third-party
verification, among other things, of all lines-of-credit available, we are unable to accept Baltia's line-of-credit guarantees from Igor Dmitrowsky, Brian Glynn, and Walter
Kaplinksy. We are also unable to accept the letter of commitment from Preston Capital Partners because the funds will become available after Baltia commences operations.
Consequently, please provide the following information:
That didn't answer my question about necessary funds. I've spent a lot of time reading through the various DOT paperwork. The DOT was asking the same thing I was. They told BLTA they needed 1/4 of their first years operating expenses plus start-up costs. Refer to my previous post for all the numbers again. Are they still shooting for the 1-3-5 Round-trip build-up? Which pro-forma plan are you basing your sufficient funds idea on?
This is that section from the 11/6 DOT response:
To meet the Department's financial fitness test, Baltia must demonstrate that it has access to funding sufficient to cover all pre-operating expenses and one-fourth of its first-year
forecasted operating expenses. Based on our review, it does not appear as though Baltia has the financial wherewithal to conduct its proposed operations. Without third-party
verification, among other things, of all lines-of-credit available, we are unable to accept Baltia's line-of-credit guarantees from Igor Dmitrowsky, Brian Glynn, and Walter
Kaplinksy. We are also unable to accept the letter of commitment from Preston Capital Partners because the funds will become available after Baltia commences operations.
Consequently, please provide the following information:
Maybe someone can answer me why they think BLTA has sufficient funds to meet the DOT demands. According to the DOT's response from 11/6 (page 5), BLTA needs 1/4 of their forecast operating expenses which is $58,952,208 according to pro-forma projections plus start-up costs. That's $14,738,052 plus start-up costs which I used an additional $5 million (could this be less?) for a total of nearly $20 million. So from what I see on the latest response from BLTA they added additional funds of about $2 million but at $11.2 million they're still well short.
Now this is based building up to 5 round-trips per week directly from BLTA's pro-forma. Now I thought they could trim back their goals early on but then the net revenues generated don't support a much higher price than where we're at now (for example the one roundtrip per week with 17.3M in operating costs for the first year and a net profit of $2.8M.) However, when you run the EPS on those numbers and all the shares O/S at that time (near 300M) the eps is only .009. The EPS on a net income of $14.6M looks much better (nearly .05). But they need more money to start with this plan imo.
I'm interested in hearing from those that feel the funds are there even though the DOT specifically states they need more the way I read the DOT response. The EPS numbers just aren't that exciting for the next 12 months without these higher revs of the 5 flight scenario. Thoughts??? Tks
Look at page 5
http://www.regulations.gov/fdmspublic/component/main?main=DocumentDetail&o=09000064803611cd
You have to expect that after a run-up from .03 to .15 that there would be a pull-back. It's always smart to buy as low as possible and sell half your shares at a double and ride the bank. We've got some bashers posting off-topic posts now that have been reported.
We need to discuss LDTI only and not other posters. Use the ignore button like I did today. I'm tired of the game playing. Back to discussing our in-home direct sales model, financing for our 3-4 acquisitions and our upcoming ad push. Like I challenged our main basher again yesterday, show some DD that sheds negative light on LDTI. Well, needless to say, there was none. Anyone who has talked to both the owner of Royal Spa, Robert Dapper, and the LDTI CEO, Mr. Ayling, can see the potential here. Do a little DD and post what you find. Enough of the senseless posts. imo this will take several quarters to really get going, unless we get our financing and/or get some institutions interested.
Thanks for that NYBob!
I guess you're right...lol! I'm all for discussing all angles to LDTI but at least bring some DD to the board.
One more week and our advertising should get underway. I'd love to also hear that we finally got some financing for our 3-4 acquisitions we've been trying to get for a while now. Mr. Dapper certainly seemed pumped about the future of LDTI. Might be time to get a little more serious over here with the DD. GL!
If you have any proof whatsoever that both LDTI and Royal Spa is involved in some sort of scam, please enlighten us. I'll be glad to call Mr. Dapper back and tell him that his 70 stores and 89,000 sq/ft manufacturing plant is just a mirage. Do you really believe Bob Dapper would risk his own company? Do some DD or give it up. You have brought no DD to the table whatsoever yet. Have you even called our CEO or the other players involved? I doubt it. You have to admit the business plan is very doable and scalable. I believe it will take some time though to see another huge run-up like we did from .03. Over time as we see the in-home direct sales beginning and start to see revenue over the next 2-3 quarters, then I'll think we'll see another large run-up. It's not going to happen overnight. Of course, if we get financing to acquire our 3-4 stores, that may change things a little quicker.
I tend to agree with you on Chad. However, he is not running the company. He's just IR.
That thought entered my head but after talking to Mr. Dapper I don't believe that is the plan. Royal Spa (yes they are private) is mainly a manufacturing business (yes they do have 70 stores) but according to Bob they are not interested in doing the in-home direct sales like one of their competitors does. That's where LDTI comes in. It's a win-win for both. Royal Spa manufactures the spas, swim spas, jetted bathtubs, gazebos, saunas and accessories and LDTI gets to sell them direct. Plus Bob Dapper not only is President of LDTI but is also a shareholder and will benefit both ways. I always thought we had some potential here but up until recently I thought this may only be a trade. Now I'm beginning to reassess.
That's laughable! I bought all my shares between .03 and .04. I'd say a 400 percent increase is fairly impressive. Nice to just be riding a pile of free shares now. If you have any information that the company will fail with their business plan (or is just a plain scam), please let us know. I've got another call pending to Mr. Ayling and Mr Dapper right now.
You also have to remember this! They obviously are behind in their plan due to financing but having Robert Dapper as our President is interesting to say the least.
Press Release Source: Leisure Direct, Inc.
Leisure Direct Appoints Industry Veteran as President
Tuesday April 10, 2007 9:00 am ET
PERRYSBURG, OH--(MARKET WIRE)--Apr 10, 2007 -- Leisure Direct, Inc. (OTC BB:LDTI.OB - News) announced today that it has appointed Robert Dapper as its President. Mr. Dapper is the founder of Royal Spa Manufacturing, based in Indianapolis. He started Royal Spas as an engineering student at Purdue University, incorporated in 1983, and has grown it to one of the most successful spa manufacturing and distribution companies in the industry. Robert Dapper stated, "Leisure Direct has a compelling strategy and I look forward to driving pending deals to closure in the near term, and folding in Royal Spas' expertise to enhance the Business Plan."
Under Mr. Dapper's leadership, Leisure Direct will implement the first stage of its Business Plan of acquiring or opening 50-60 locations in the Eastern half of the United States over the next 3-5 years. It is the intent of Leisure Direct to acquire or open 10-15 locations by year end 2007. Leisure Direct will announce, over the next few days and weeks, the opening of its first location and a couple of acquisitions of currently operating dealers. There will also be announcements of key personnel and new business affiliations made shortly.
John R. Ayling, LDTI's Chairman, stated, "With his 24 years of industry experience, Bob brings an enormous amount of knowledge and industry expertise to Leisure Direct, and will drive the implementation of our growth strategy of acquiring and integrating profitable companies. Bob's educational background as an engineer, along with his industry experience as a marketing and sales expert, are perfect for Leisure Direct's plan of innovating and cross-selling a multitude of products in the leisure backyard industry."
About Royal Spas
Royal Spas (www.royalspa.com) is a 24-year-old manufacturer of spas/hot tubs, swim spas, Gazebos and saunas. Royal Spa Manufacturing is a full service manufacturer having an 89,000-square-foot plant located in Indianapolis and owns or has corporate affiliations with over 60 dealers in 17 mostly Midwestern states.
About Leisure Direct, Inc.
It is the mission of LDTI to become the premier, highest quality and most nationally recognized manufacturer and direct marketer of pool, spa/hot tub, and patio products in the United States. LDTI will implement its strategy by acquiring existing manufacturers of backyard entertainment products and building a direct marketing distribution network.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact:
Contact:
John R. Ayling
Chairman
Leisure Direct, Inc.
(419) 873-1111
1070 Commerce Drive, Building II - Suite 303
Perrysburg, OH 43551
http://www.leisuredirectinc.com
When I talked to John, he was still working hard on obtaining financing. As of now, we have no real operations yet. He talked about mezzanine financing and he sounded pretty confident we'd have something this time around. If you check out the PRs from early last year about acquisitions that didn't pan out it was because the financing never came through. The tie in with Royal Spas and having Dapper as our President is a big plus in my book. I'm still doing some DD as to where this relationship is headed. Keep digging...
Oh yeah, and then there's LD Gold.
The $32M is a gross revenue figure. To do a correct eps calculation you need you use net revenue. The $32M will not go straight to the bottom line. If their margin is 10% (maybe it will be higher), then you could use your calculations based on $3.2M to give you the eps times your PE of choice.
3.2M/13.8M = .23 eps without a multiple as an example.
10-1 PE =$2.30
20-1 PE =$4.60 based on 10% net profit of that forecast $32M with 13.8M O/S
Let's give the management team some time to get this up and running and see revs coming in before we get too crazy. Financing for our acquisitions will be a big help also. GL!
Nice capitulation, reversal day! Gotta love it! I think those cheap shares will come in handy over the next few years...lol!
More confirmation today on the kind of revenue we were discussing the other day. Now it would be nice to hear news on our financing so we can start acquiring these first 3-4 stores (potential target of $150M in revs).
I've seen some price projections thrown about on our $32M in revenues over the next 12 months once we start rocking. Don't forget that a proper calculation for EPS would be based on net income divided by the O/S times your your expected PE ratio.
I have no idea what our margins will be but using 10 percent would net $3.2M.
3,200,000\13,880,128= .23/eps x your expected pe.
10-1 $2.30
20-1 $4.60
Now I'm sure we'll have a few more shares issued by then for services and probably some of our future financing. But even if our O/S were doubled were in great shape. Let's hope Mr. Ayling can put this all together. I'm been here since .03 and now I'm just riding free shares! No worries here! LOL!
Is that all? $35-40M in potential business lol! We need to do more DD on this.
Even with just 10 percent net profit (based on say 35M) you end up with a quarter in earnings/share times your PE of choice.
3,500,000/13,880,128 = .252 eps (1PE) $2.52 at 10-1 PE
Since Bob Dapper, founder of Royal Spas, is our President I was wondering when we'd see more of a tie-in between Royal and Leisure Direct. Let us know what you find out. Tks
According to IR, our name change could occur at anytime now! Management is working hard to implement phase 2 of the business plan and is also looking for financing to purchase our fuel terminal. Looks like our quiet time may end soon!
Congrats to all the longs! This isn't I-hubbers pouring money in!
That's what I'm counting on. I think our other stock will be turning shortly too.
The potential is there. We just need some clean financing. It hasn't been easy to obtain yet. Mr Ayling seems reasonably confident we'll have it soon. It's a couple dollar stock if we can get it and make those acquisitions. We shall see.
Decided to round out my numbers a little at .066. Hopefully those will come in handy down the road.
It's huge news considering that those 20M shares have been transferred back to the company (Smith/Budrunas) in some sort of deal. Now we don't have to worry about those shares hitting the market anytime soon plus they are back in hands with a vested interest. Just one more shareholder friendly move from mgmt!