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Waitedg, I don't know but for now it looks like .05 is a pretty solid support level and bringing in buyers like me. I'm often surprised at how determined and persistent some sellers are at driving down price so you might be right.
My guess is there's a fairly large short interest right now and the real question is when will they cover. I think they're nuts if they don't cover now. But I don't expect to see a serious short squeeze until we retrace a few cents north of here.
I haven't bailed and actually added a little more today. I kinda' like the light volume and it looks to me like the sellers are pretty much done. We'll see.
Getting back to my previous post, the fundamentals are solid and Xinde Tech. is stellar - and I'm patient.
Interesting to compare 4/16 - 4/19 chart with this:
http://otcshortreport.com/wtfs
I'd guess that the huge gap up on 4/16 attracted short sellers. Moved just too far too fast. Looks like a bear raid to me but draw your own conclusions.
Great thought Funky considering the network, films, and music library - whatever they're worth it appears the NJ gang intends to monetize. Let's hope the NJ gang and VV come to their senses and not waste shareholder value by ongoing legal battles.
"The company has set a new course and it is important that ValCom's management and Board of Directors be unified in their commitment towards the company's mission to improve shareholder value by improving ValCom's business practices and monetizing its assets."
(I confess, I kinda' miss the 'fluffy' PRs. Perhaps we'll see Elvis and the Platters on eBay soon.)
Stiff, the annual report was in error I'd guess they pulled it to submit corrections. The error was identified here last night (posted here). Here's clip of an email I sent to Beneficial this morning:
"The annual report filed appears to provide Income/Expense results for the quarter ending on 12/31/11 and not for whole year.
Reported sales of $749,307 is significantly lower the total sales for the previous three quarters so I assume this is not the "Annual" number.
Looking at this on annual basis I concluded that the Annual Net Income is close to $425,000. Is this correct?
Would you please confirm my assumption or clarify this? "
I'm pleased that it's gone so we're not distracted by errors. Looking forward to seeing the correction. Keep up the great work my friend!
Thanks for welcome Waitedg. If you send pm with your email address I'd be glad to chat.
Earnings growth averaging over 50% per quarter if my assumption that this reported one quarter. That's 2011 earnings of $425 MM. Wow! I'd guess it's growth in sportsbook.cr and bet.cr
Just came to the same conclusion Tolley. It looks like they reported the "quarter" ending 12/31/12. First 3 quarters total $1,830,372 in total sales. Here's my simple math.
Qtr.............Sales............Expenses.........Net Inc.
3/31/2011........489,656.........436,844.........52,812
6/30/2011........623,589.........547,236.........76,353
9/30/2011......717,127.........600,678.........116,449
Subtotal.......1,830,372.....1,584,758........245,614
12/31/2011.....749,307.........570,163........179,144 (reported as annual)
Total 2011.....2,579,679.....2,154,921........424,758
Apparently we closed out 2011 with $424,758 earnings - our math agrees.
WTFS is in my "Value Pennies" list - been following it since it's great fall last year after the 4:1 R/S. Financials appear attractive to me with $88+ MM in Stockholder Equity and earnings even though sales were soft last quarter. Appears to me their O/S is 240 MM and has been for some time (reminds me, I need an updated SS). Now, market cap appears to be $14 MM as of Friday's close (hmmmm?). http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8413720
Anyway, every time I crunch numbers on WTFS it appears grossly undervalued. Arguably, I think this should be trading north of .35 by my conservative math. Any thoughts?
It's a mystery to me why WTFS went into a sell mode over the last few days other than penny stock guru promos tend to be the kiss of death. But you know, I thought they got this one right and I had no position for the run up to .12+.
I couldn't resist at .06 on Friday so I'm in for another starter position to put a little skin back in the game. I may be early but it sure looks like we'll be in pretty solid support around .055 (+/-). Think I might try to accumulate more before the next quarterly report - probably mid-May.
Just sharing my humble view of WTFS but please make your own decisions and DD. GLTA
Curious? If the meeting was on the 12th why are we just now hearing the results? This is better than watching a hockey game. Well, more like Chess Tournament. What fun!
Your move Patrick.
Been watching this for a while my friend, and I just don't agree that the company is dumping shares. There's no evidence of that. It's just too lightly traded right now. Guess we disagree and we'll see. You might be right. But I'm comfortable for now.
Just started a small position today to put a little skin in the game. From what I see we're oversold and it's a value play. Granted, I'm basing my decision on 2011 reported financials and I don't really care about energy drinks. We have assets and no debt. We need updated financials to speak a little more intelligently. I don't understand all the bashing. I may bail but I'm seeing green for now.
The most intelligent post I've seen is simply "Is the casino still open?"
Any clues? Is there a reason why someone is still buying this at .0005? Had hoped to see financials by now, but I was optimistic. Might as well be marked as "Grey" or "Dark" instead of "Pink." 2011 Financials were impressive but there's no transparency and we still have no closure on last year final results. Any ideas what's going on with DIAAF?
Patrick Willemsen's attempt to set the record straight, as I see it, provides more ill. The rehash of the litigation doesn't help - too much detail, too defensive and too blaming. It would have been much more effective with just the intro and the Valcom priorities.
Vince and VLCO were one in the same the way I saw it. Obviously that's an old paradigm. Despite the unfulfilled expectations I embraced Vince's passion and vision. He's a great promoter and musters interest and energy in others. Hell, you think we'd even have MyFamilyTV without Vince? Sometimes it's the 'soft' skills that are most effective.
But hey, I guess Patrick had to tell the other side of the story. It's done. I accept it. I just hope this is the end of this crap. If I wanted to screw up a good company I'd throw out more bad history and detail the poor decisions "we" have made. Then I'd add in all the litigation details. Then I might even take a short position.
Let's pay Smite for completed work, move to NJ, stop rehashing this crap, and get down to the business of growing MyFamilyTV and monetizing whatever is available in the library.
To Patrick, Vince, Silvana, Tim, and Mike: it's over, bury the hatchet, and let's all row in the same direction. Our future is unbound if we do this right.
Earnings and growth summary:
Net Income (Sales less expenses):
3/31/11 = +52,812 (filed 6/13/11)
6/30/11 = +76,353 (filed 10/30/11)
9/30/11 = +116,449 (filed 2/2/12)
12/31/11 = ? (maybe early May?)
Net Assets (Assets less liabilities):
3/31/11 = +1,806,481
6/30/11 = +2,456,809
9/30/11 = +2,369,782
12/31/11 = ?
http://www.otcmarkets.com/stock/BFHJ/financials
Stockholders' Equity last reported = $1,999,283 as of 9/30/11.
Results indicate Beneficial is monetizing assets, has cash in the bank, and virtually no debt. The company has been late on filings each quarter so I'd guess we'll see financial updates by early May - hopefully sooner.
Stiff, it just came up on my Netflix recommendations since I watch a lot of documentaries. I think you can just search the title in the Netflix channel. Here's a netflix link that might work on the PC: http://movies.netflix.com/WiMovie/CNBC_Originals_CNBC_Investigates_The_Big_Business_of_Illegal_Gambling/70218632?trkid=4213515
Watched "CNBC Investigates: The Big Business of Illegal Gambling" (2009) last night on Netflix . It's well worth the 45 minutes if you haven't seen it. It makes a great case for legalized internet gaming in the US and mentions the World Trade Organization's decision against the US ban. Anyway, I found it very informative and convincing that this industry with continue to grow - huge! It will take time but BFHJ plans to be in this space. Enjoy the ride.
Thanks Stiff, Viking, Sherlock, DI4, Alpine, Acc, and many others for the amazing DD and energy you bring to this board!
Perhaps new shares made Mr. Senkevitch a major shareholder. Watch for SEC filings. Welcome aboard Gregory Senkevitch!
Earnings and growth summary:
Net Income (Sales less expenses):
3/31/11 = +52,812 (filed 6/13/11)
6/30/11 = +76,353 (filed 10/30/11)
9/30/11 = +116,449 (filed 2/2/12)
12/31/11 = ? (maybe early May?)
Net Assets (Assets less liabilities):
3/31/11 = +1,806,481
6/30/11 = +2,456,809
9/30/11 = +2,369,782
12/31/11 = ?
... just a simple look at net assets and earnings in 2011 - the reason I'm here. Results indicate Beneficial is monetizing assets, has cash in the bank, and virtually no debt. The company has been late on filings each quarter so I'd guess we'll see financial updates by early May - hopefully sooner.
http://www.otcmarkets.com/stock/BFHJ/financials
I've observed if you want to find support for your opinion, whether positive or negative, you'll find it here. May you live in interesting times.
A good indication is that SUTR stayed on the bid all day - and he's not retail. I think we'll move north a few more ticks, but I'm waiting for earnings to tell the full story.
Have enjoyed your enthusiasm too, Jaime!
Moderators, is this an appropriate forum to use in an attempt to collect an alleged A/R?
This board seems to be dominated by criticisms and attacks and of very little value to current issues although there is one user that will disagree.
Please evaluate the posts. I'll trust your decision.
Also think about the tax man Short-term vs. Long-term gains. Since accumulating BFHJ in two accounts since Dec., some in a Roth and some in regular broker account, I'm thinking of tax rates. Where does the time go?
So I think I'll just squirrel away the shares in the broker account to push any gains into L/T at a lower tax rate and do more active trading in the Roth. My thought is that S/T Roth gains are tax free. Depending on your state and tax bracket, Uncle Sam may take as much 50% of your short term gains. Food for thought.
I agree with Stiff about holding back a core position.
I don't post often but I follow daily. Thanks Stiff, Jaime, Alpine, Acc, viking, penny and many others for your diligence!
Sherlock, your posts today about valuation were great - right on target, IMHO, and agree with my first post on this board in Dec: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70036841
Nice to see Fuego mentioned in the Herzfeld article even though it's not really Fuego news - but nice to see that we're not the only ones optimistic about the future. Just started a new position again this week (for the fourth time at .0111. Seems like anytime I bought near a penny I more than doubled. I'd like to hold L/T but until reporting resumes uncertainty remains. FUGI needs to update their SEC filings and keep us informed.
Suggest a closer look at financials: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8348265
Debt, cash burn, losses, dilution - doesn't look sustainable to me. I have no position at this time and watching from the side lines until the next quarterly report. (Sold my small position in Jan. after reading the 10Q.) To their credit they put it out there for all of us to see.
I'm tempted at this price but will need to see some results before I pull the 'buy' trigger. Great plans and I hope NXOI can turn this around and book some meaningful revenues and improve their balance sheet.
Not bashing, just sharing my humble thoughts. I often get this stuff wrong so don't take me too seriously.
GLTA
Thoughtful post my friend. Nice to see our interests converging once again. Hope life is filled with fun times on the other coast of Florida.
Think we just need to adjust to the DTCC's omniscience for a while and factor that in to our entry and exit points. I believe they have genuine interest in preventing fraud - the all powerful "Wizard."
Unfortunate that the Wizard is throwing out the baby with the bath water. There remains a cloud of mystery as to "why." My issue is with the DTC Chill criteria - there is no clear transparency.
I agree with you. Thanks for your post.
Think the DTC Chill has hurt pps. Can't buy OTOW in my TDA accounts but added a small amount today at .0007 with another broker. Actually closed seeing green in that account - nice change. Many folks won't touch anything in a 'chill.' And I think twice before committing more money.
But it seems the DTCC is looking for any reason to set a chill - often with no reasonable or understandable purpose. It is not transparent. It's a game changer, but the real value plays will move toward equilibrium in time. I've actually seen a few runs in DTC chilled equities recently (like UNGS.)
For me, it was the $36MM assessment for the cellular licenses in the D.R., but what do I know? Market cap of less than $.5MM - hmmm? Why isn't this on the balance sheet? Are assets under-booked? Anyway, so if they can't afford to build the towers in the D.R., perhaps they can sell their D.R. licences and grow credit cards and broadband delivery in Florida and Georgia.
I think we're oversold. Just my humble view at 10,000 feet. I'm often wrong so don't take me too seriously. Time for another glass of wine. GLTA
I like your request letter - very professional and a reasonable request. Nice job. VV's response however is vague but it's nice to see he at least responded. Thanks for sharing.
Me too, added 2 days in a row and picked up .13's today. Just couldn't resist. Maybe more tomorrow if .12's prevail. Surprised to see a few down days after such compelling news, perhaps there's some minor dilution, or is someone just selling news? I think Advaxis is a premier long term hold and accumulate. Yet, the wheels of the approval processes turn so slowly requiring more patience than most are willing sustain.
To interject, I see it as brick and mortar assets along with dipping their their toes in cyber gaming. From their last 10Q:
Fixed Assets 9/30/11:
Vehicles 15,475.00
Furniture and fixtures 98,121.00
Gaming Machines 243,773.20
Leasehold improvements 112,345.00
Buildings 845,000.00
If they were just "managing" these would not appear as assets on the balance sheet.
... just my thoughts.
Needed to be said. Agree with you Stifflersmom. Thanks.
Do you really think Beneficial fabricated earnings and assets? Obviously you'll make your own judgement.
Net Income (Sales less expenses):
3/31/11 = +52,812
6/30/11 = +76,353
9/30/11 = +116,449
Net Assets (Assets less liabilities):
3/31/11 = +1,806,481
6/30/11 = +2,456,809
9/30/11 = +2,369,782
They've been diligent with timely reporting. Now go back and look at sales growth over the past year. Oh yeah, these are all positive numbers. I confessed earlier that only post after a few glasses of wine so don't read too much into this. It's just a quick sanity check.
I'll ask any technical experts to look at "Accumulation" and give us an objective opinion.
I favor value plays that are oversold and can think of only one other pink sheet stock in the triple zero range with this type of positive net income and a balance sheet with this strength. I see the new property being right in line with the business plan and growth.
A little skepticism is healthy but I think some of you guys are over the edge. You've got to protect yourselves. But that's what makes a market.
BTW, I'm long and trying buy .0001's. Still buying .0002s now and then when I free up liquidity - so now you know my bias.
Been watching insiders, like Amir, buying since .0018, and I don't see much downside now. I'd guess that Amir knows more about ONTC than my DD can uncover - following the insiders, so I'm dipping my toe in and looking forward to next Xmas.
Although the balance sheet is respectable I'm not impressed with the dilution. But I like their market and understand the need to settle debts and fund the future. I kinda' like it here but who knows?
http://www.otcmarkets.com/stock/ONTC/insider-transactions
Sure. Most will allow BFHJ online trades without restriction - just pay standard trade commissions. I use Fidelity and TD Ameritrade. TDA now prohibits buying DTC Chilled securities but BFHJ is free of any restrictions. There's a host of other good brokers trading sub-pennies freely.
Agree; BFHJ is a value play with or without news. Positive earnings, nice balance sheet, brick and mortar assets, strong growth - I just don't think there is much downside risk at this pps. JMHO
http://www.otcmarkets.com/stock/BFHJ/financials
I recently found BFHJ and I am doing some DD. I appreciate all the thoughtful posts here.
BFHJ appears to me to be way undervalued at this point and a rare find in the pink sheets. Financials are impressive: earnings growth +/- 50% per qtr, revenue growth, debt reduction, positive net assets, brick and mortar, and SS shows no dilution. Hmmm?
Guess it's a bit naive on my part to try and analyze such a small company with such a short history but I did anyway. My back of the envelope math leads me to believe BFHJ should be worth at least the net assets of .0022.
So I tried to project 4Q earnings and estimate over $400K annual for 2011 (just a stab). Heck, that's more than the entire market cap. So what's a reasonable earnings multiplier for a young company like this with a short history? I guess the market needs more time to figure that out.
So why has Beneficial Holdings been beaten down to this level? Perhaps it's some folks capitulating, others taking a 2011 tax loss, fear of Nicaragua instability, market manipulation, Nevada charter, or maybe just a general fear of pink sheet securities. Looks to me like someone threw the baby out with the bath water.
The way I see it, it may be a bit of crap shoot but it looks like BFHJ may provide some nice returns in 2012. So at this level I'm starting to nibble (.0002 - .0003 with a 2012 target of .005). I see very little downside risk here.
Please don't base any decisions my comments. I screw up now and then and only post after a few glasses of wine.
What am I missing? I will appreciate your thoughts.
Happy Holidays!
Thanks my friend - perhaps it was the wine. I think my previous post was a bit inappropriate and obviously you've done DD on DIAAF. It may be a bit of crap shoot on my part to continue accumulating but my position actually shows a tiny gain at least for now (most of my buying from .0004 - .0008).
So do you think the last quarterly report was a fabrication along with the attorney letter? After the last quarterly report of $1.5 MM in profits, when the volume and price surged, a DTC Chill was placed ultimately cutting off some brokers and drying up buy side liquidity. That's the big risk in the pink sheets. Who knows if or when the chill will be removed but it still appears to me to be one of those rare value finds at this pps.
I pulled these numbers out of DIAAF's last 3 quarters:
Net Income per Common Share (Canadian Dollars):
Qtr Ending...Common Shares...Net Inc...Net Inc/Sh
2/28/2011.... 102,068,870....... 724,387.... 0.0071
5/31/2011.... 124,014,843.... 1,054,732.... 0.0085
8/31/2011.... 304,015,000.... 1,506,909.... 0.005
Balance Sheet: 8/31/2011
Assets 8,861,651
Liabilities 6,471,420
Net Assets 2,390,231
http://www.otcmarkets.com/stock/DIAAF/financials
Market cap is now around $250K and a pps of .0007 it just makes sense to me to buy here:
- Net Earnings over .02 per share - total of the last 3 quarters
- Net Assets around .0078 per share (actually a positive number.)
Pretty rare for a pink sheet and I think way out of line, but who knows? I do screw up now and then and may bail out too but for now I am inclined to let this ride out through 2012.
My apologies for being a bit cocky last night. Best wishes in your endeavors.
Thanks for the shares. Guess the 'loss' was too much to reconcile with. I get it. It sucks to see the loss every day. But I'm accumulating as I see DIAAF as rare value play, but I might be wrong. Check back in Feb. (better yet - Nov. 2012). Enjoy your coffee. Best wishes with your other ventures.
Looks like insiders have been buying common shares for about 6 weeks between .001 - .0018. You might want to look at the Form 4 filings:
http://www.otcmarkets.com/stock/ONTC/financials
Maybe a good entry point? Any thoughts?
Agree. Patience prevails. I can't ignore earnings and the balance sheet. I'm thinking DIAAF is a rare find at this pps. I'm cautious and I don't know why OS shares increased with such positive net income. There is also a bit of a transparency issue and I've yet to understand the inter-workings , ie: Israel, Belgium, Canada, NY connections.
Caution also prevails. So it's a bit of a leap of faith and more dd is required.
I'm guessing Diamant's cash flow triggered costs in order realize this growth so they sold or converted more common shares. Dilution?
I've yet to determine why TDA put a freeze on buying but still pursuing.
I'll wait for next quarter's results - we'll see.
I make no recommendations.
Agree. Patience prevails. I can't ignore earnings and the balance sheet. I'm thinking DIAAF is a rare find at this pps. I'm cautious and I don't know why OS shares increased with such positive net income. There is also a bit of a transparency issue and I've yet to understand the inter-workings , ie: Israel, Belgium, Canada, NY connections.
Caution also prevails. So it's a bit of a leap of faith and more dd is required.
I'm guessing Diamant's cash flow triggered costs in order realize this growth so they sold or converted more common shares. Dilution?
I've yet to determine why TDA put a freeze on buying but still pursuing.
I'll wait for next quarter's results - we'll see.
I make no recommendations.
Thanks Vigo for shedding light on Authorized Shares. This certainly adds to the risk. I knew the float was an old number. OS has obviously increased throughout the year.
I pulled these numbers out of DIAAF's last 3 quarters:
Net Income per Common Share:
Qtr Ending...Common Shares...Net Inc...Net Inc/Sh
2/28/2011.... 102,068,870....... 724,387.... 0.0071
5/31/2011.... 124,014,843.... 1,054,732.... 0.0085
8/31/2011.... 304,015,000.... 1,506,909.... 0.005
Balance Sheet: 8/31/2011
Assets 8,861,651
Liabilities 6,471,420
Net Assets 2,390,231
http://www.otcmarkets.com/stock/DIAAF/financials
Reported in Canadian dollars. The earnings growth just looks pretty compelling at this pps.
And yes, I agree about VLCO. Nice profit on the climb to .14 or so. I'm still holding part of my position from the sub-penny days that I tucked away for the long term. I think 2012 will be even more fun.