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not sure what to think here but i did take up a small position at .0019 so, im ready to go!
i'll set my sell limit to .03 cents.... hopefully we'll get there!
anyone have a level 2 they can post?
where do you think this is going?
so you think that guys article on seeking alpha is causing this stock to drop?
PS: i think it's funny that some person thinks he/she can manipulate a stock price by writing up a bad article.. the only companies that have that sort of power are big brokage firms, not seeking alpa audience.
all of my DD of this company was during lasy year around this time, maybe october 2012 and there's no other company out there doing what ONVO is doing... ONVO is the tip of 3D bioprinting sword and other companies will try to mirror their efforts but if i recall, ONVO has patents on all their products and i think rights to all their processes..
maybe im behind in my DD but ONVO is the leading 3D bioprinting out there..
i bought this back when it's was around $2/share but sold my position and looking to get back in for a longer investment.. this company could be trading $50/share someday.
i think it's weird how i can't see any charts for this company without going to google.. i have any account with fidelity and even when im on there, i can't see a chart for this company..
i followed ONVO when it was brought to my attention by a good company like motley fool.. they hardly recommend OTC stocks but ONVO use to be and they did.. i bought this stock at little over $2/share a while back and love the potential here.. i already sold my position however, im looking for another entry point.. i think the base for this stock is around $4-6 however the chart says otherwise righ now.. this one is back on my watch list and it sucks that idiot yahoo type contributors write articles to further their position.. we should respond to seeking alpha and give them the real facts about ONVO.
is this one going higher?
lets not forget that winning is revs that cover our total liabilities...CERP needs to provide additional insight as to how they're going to become profitable and END the discussion of the potential bioplasctics market.. the potential market convo should be over, it's irrelevant anymore with these sorts of results.
as of 3Q;
•cash: $233 thousand
•current assets: $6.49 million
•total assets: $14 million
•current liabilities: $29 million
•total liabilities: $36 million
•revenues: $438 thousand
•net loss: $7.2 million
looks like something to possibly buy... im going to do a little more DD and make a decision.
not a bad idea at this point.. i'd probably be able to break even if i did that.
i hope you change your postings.. come back to earth.
haven't heard it yet.... haha.
CC going on now.. im listening..
Scheer just said they believe the company can be cash flow positive in 2014..
didn't say at what point.. they're going over the finances now which isn't anything you cant read on the 10Q.
guess there's no reason to call into the CC today but im curious to see if anything new will be shared.
NEWS is out for Q3...
Cereplast Reports Financial Results for the First Nine Months of 2013
FOR FULL RELEASE INCLUDING FINANCIAL TABLES PLEASE CLICK HERE
Cereplast, Inc. (OTCQB: CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced $2.1 million in revenue during the first nine months of 2013 compared to $786,000 for the same period the prior year and a total of $911,000 for the 2012 full year.
Cereplast Chairman and Chief Executive Officer Mr. Frederic Scheer stated, "We are pleased with the year-over-year growth we have experienced for the first nine months of 2013 and we expect to continue this trend as the global market opportunity continues to increase. The most immediate growth driver is the ongoing legislation in Italy for the sanctions of traditional plastic bags. We continue to work closely with customers who are capable of placing orders much larger than they are today in the anticipation of the ruling."
Mr. Scheer continued, "Italy and subsequent European countries have created an immense opportunity for us but we are not putting all of our eggs in one basket. We foresee India and the United States as significant markets for us as well. Both markets are already enforcing sanctions in select areas. We have feet on the ground in each market and are beginning to secure contracts by first educating the marketplace about the benefits of our technology. In India we recently received a $1.4 million order and in the U.S. we are actively pursuing 30 projects with a potential value of over $10 million per year. We anticipate continued traction in both markets."
2013 Industry, Financial and Operational Highlights to Date:
• Revenue for the first nine months of 2013 totaled $2.1 million.
• In a recent document, the European Union Environmental Commission stated that they are in support of an amendment to this legislation, which is scheduled to go into effect in November and member states will have two years to comply.
• Cereplast has estimated annual revenue potential from Italy alone to exceed $50 million.
• For the past 18 months, the Company has worked closely with over 70 companies in Italy that have completed multiple successful tests with various grades of their blown film resins.
• In India, Cereplast recently received a $1.4 million purchase order, which will ship over the next 10 months.
• Additionally, Cereplast received five purchase orders in India totaling $450,000 for blown film resins which will be delivered throughout the remainder of 2013.
• In the United States, regional and federal laws are supporting growth of the bioplastics industry as seen by movements in San Francisco, Portland and New York City.
• Cereplast has valued the bioplastic industry in the United States today to be $180 million and expects to begin generating meaningful revenue in 2014.
• Cereplast is actively pursuing 30 projects in North America with potential value of $10 million per year.
• Cereplast recently launched reVive™ bioplastic resins, the first bioplastics to combine recycled polymers with biobased resins for improved sustainability, reducing the carbon footprint of this type of bioplastic by adding the environmental benefits of recycled plastic.
2013 First Nine Months Financial Results:
Net sales for the nine months ended September 30, 2013 were approximately $2.1 million, compared to $0.8 million in the same period in 2012. Sales increased from the prior year due to growing demand in European markets primarily due to anticipated legislation in Italy banning traditional plastic bags.
Cost of sales is comprised of variable costs associated with product revenues. Cost of sales for the nine months ended September 30, 2013 was approximately $1.9 million, compared to $0.9 million for the same period in 2012. The increase in cost of sales is due to an increase in sales.
Gross profit (loss) for the nine months ended September 30, 2013 was approximately $0.3 million, compared to ($0.1) million for the same period in 2012. The increase in gross profit was attributable to an increase in sales, as stated above.
Research and development expenses for the nine months ended September 30, 2013 were $0.3 million, compared to approximately $0.4 million for the same period in 2012. Research and development expenses have slightly decreased due to a cost containment effort to preserve working capital.
Selling, general and administrative expenses for the nine months ended September 30, 2013 were $3.8 million, compared to $10.5 million for the same period in 2012. The decrease in sales, general and administrative expenses was primarily due to bad debt expense of $5.1 million recorded in the third quarter of 2013. In addition, the sales, general and administrative expenses decreased due to reduced headcount and a reduction in fixed production overhead costs classified as selling, general and administrative expense due to an extended period of abnormally low production volume.
Other income and expense, net for the nine months ended September 30, 2013 was a net expense of $29.6 million, as compared to a net expense of $5.3 million in the same period in 2012. The increase in expense was primarily a result of the change in our derivative liability related to our warrants, short-term convertible debt and preferred stock agreements. In addition, we recorded $2.8 million in debt extinguishment costs related to the exchange of certain of our term loan and convertible notes.
Net loss for the nine months ended September 30, 2013 was $34 million, as compared to $16.3 million in the same period in 2012. The increase in net loss was primarily driven by an increase in Other Expense related to financing transactions. As discussed above, Other Income and Expense, net was unfavorably impacted by losses on derivative liabilities totaling $21.6 million. The increase in net loss was partially offset by a decrease in bad debt expense recorded in the first nine months of 2013 compared to the first nine months of 2012.
Conference Call Details:
Date: Thursday, November 14
th
Time: 4:30 p.m. Eastern
Participant Dial-In: (480) 629-9761
Live Webcast: http://www.cereplast.com/investors/events-presentations/
It is recommended that participants dial in approximately 10 minutes prior to the start of the 4:30 p.m. Eastern call. There will also be a simultaneous live webcast of the conference call which can be accessed through the following audio feed link and archived recording of the conference call available under the Investor Relations section of the company website at http://www.cereplast.com/investors/events-presentations/.
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics. On the cutting-edge of biobased plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® resins combine high biobased content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com. You may also visit the Cereplast social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
lets' break 2 cents before we start saying $60!!!!!.......wow dude, you must of had something good today..
no... what's going on? i just got back to this stock.. wanted to catch up on some posters in anticipation of the CC..
crap... i just sold my 5M shares at an average price of 5cent... is that bad?
haha, kidding.
i'll at least hold until the CC.. hopefully good stuff will come out but as always, they need to deliver.. i can say all this great stuff but if nothing happens, it's just them blowing more smoke..
sucks because this product could really take off.. if nothing here, then maybe i'll invest in a properly run company who also does the same thing here.
im guessing the 3Q results will be release tomorrow right before the CC? i could go back and look at their quarterly PR's but dont feel like it.. lol
where? link?
hahahaha.. this company is right where i left it two years ago.. empty promises by val and his "team" which doesn't exist and his websites haven't been updated.. they have no products, no phones, no computers.. it's all BS.. his fat a$$ sits home and watches netflix in his underwear all day while making money on people who actually buy this stock..
one word val says all the time "SOON!" very soon, things will happen.. big news coming sooooon.. just keep buying my stock and "Sooooooon" you'll be rewarded.
heard that.. lol
let's get to a $0.05, $0.10, $0.50... or even $1 before we start talking $5/share..
i'd love for this to go to $5/share as all of us would but lets keep things into perspective and management needs to gain more shareholder confidence.
what about the last few days of red..
and in case anyone is wondering, those were my 283 shares i dumped at market price.. yea, that's waht i was left with after the 20,000:1 crap RS.. i'll take the loss, whatever..
life goes on and for these scammers, they'll have their day in court.. id love to be the one who brings them down.
id like to be surprised by CERP but i feel it's going to be the same old BS conference call..
i think this company could be huge but unfortunately, it seems that CERP management is solely basing their success on the "potential" of the company.. every call frank says the company is doing well, lots of orders coming in or have been taken yet the dilution continues and we sit at 1 cent PPS..
im not looking for a quick flip penny stock and this company has the right product for the "go green" era. unfortunately, it's not being run properly. no more fluff PR's.. whenever they release something about the market potential for this company, it's frustrating to see us sitting at these levels.
good luck..
im out and done with stinky pinky stocks.. be sure to sell your car and house and invest "all in" on penny stocks.. this company reminds me of bioler room...
i did the same DD and listened in on the most recent CC.. sure, it sounds promising but we all know how these companies work..
you said i should do my own DD and stop complaining.. maybe you should start posting something useful instead of "PBHG undervalued." wow, solid DD..
i said facts not qoutes from the latest PR.. i could say im starting a new business and claim im in negotiations with larger companies..
this is stinky pinky land.. it doesn't mean anything until actual production and revs are generated.
i'll tell you one thing, when i get enough money together, im going to persue legal action against PV.
can all the cheerleaders start posting some facts instead of "to da moon" and "mark this post"
you are too funny..
that's correct..
i don't trade for a living so i can't convince myself to invest anything more than $500 in any penny stock. i like this company of all the penny stocks i've come across.
we shall see.. holding long.
im happy this will be my last penny stock play ever.. tired of all these games, volatility, and useless PR's to make the stock run.. with the last PR by this company, we should of seen nice gains.. the fact that they're saying they have more international countries than Skype and Vonage should send this stock through the roof.. but nope, we go red again.. very frustrating. i've held my stock for almost a year now, plan to keep holding but would be nice to see this move into penny land.
i understand that however, if i can break even at this point, i'd be happy to move on.
i've marked about 10 post from various posters saying "mark this post." since stating those "mark this" post, the stock has gone down over 50%...
guess im one of the suckers who got caught up in the hype and bought the shares everyone is dumping now.. good thing i don't invest anymore than $300 in PENNY STOCKs.
this will be my last one.
sounds right to me.. i got dupped into buying.
this is where that marketing budget will come in handy.. by market their product, i mean something useful, not stupid videos of people trying to be funny..