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You're right, Master Lease would have been a horrible deal.
I've read several post mentioning DD but I've seen no evidence of it when it comes to EGOC. IMO, regurgitating the exaggerated PRs and fiction from bag holders isn’t evidence of DD. To understand this company and it's business model, you need to understand a few basic things about it's target market, over-the-road trucking aka OTR. Stop reading now if you're a flipper because this gets pretty boring.
Trucking is a cutthroat business and highly competitive. Gone are the days that any 'Bubba' could buy a cheap truck, fuel it with cheap fuel, make great money and maybe grow his company into a mega-carrier ala Schneider National, JB Hunt, Swift Transportation. Deregulation in the late '70s introduced competition and killed the old game plan.
Today, trucking measures profit in pennies per mile, is fiercely competitive, and the mega-carriers are absolutely crushing the little guy. It's about economies of scale and the big fish gobble up the little fish. Bankruptcies are off the charts and the odds against even the better small operators making it more than a year or two are 3 to 1 (at best). Only 84% of lease operators complete the lease and "fleece purchase" has been a trucking joke for years.
The intense competition means that carriers have little ability to hike freight rates for fear that they will be undercut. To fatten the bottom line, the more profitable companies are increasingly dependent on owner operators and lease operators. Some go so far as to con gullible new drivers fresh out of training into leasing a truck from the company. They'll offer a lease truck to the driver or the option of waiting weeks for a seat in a company truck to become available. That kills two birds; i.e., it gets rid of a truck and provides a source of really cheap labor.
Think about it: companies can purchase, finance , maintain, insure, fuel and operate a truck for a fraction of what it costs the little guy. They have the customer base, experience, business sense, and more resources at their fingertips than the small operator will ever have. So, if they didn’t' profit from it why would they share such a sweet deal with the operators?
The answer is simple; they wouldn't. The little guy foots the bill for all expenses and gains nothing in the way of benefits. The company pays nothing and has no payroll tax liability since the operator is an “independent contractor.” They can cut back on maintenance facilities, personnel and other overhead. Essentially, what the company does is make a few phone calls, pay the truck owner maybe 65% of the freight rate and pockets the rest. Do some real DD on Landstar, a so-called “non-asset based company,” and you'll see just how profitable the business model is. They've thrived while other carriers have experienced really tough times.
Why would drivers play the losing game? Not all do. The smart ones will try to get on with a union outfit, enjoy great pay, bennies, nice retirement and such while driving a slow (governed at about 60) homely, simple truck. The slightly less fortunate will drive for a generic non-union company but maybe operate a slightly faster, prettier truck and maybe make “okay” money. The newer/prettier/faster trucks are a recruiting tool in an industry where annual turnover rates are north of 100%. Yes, you read that right.
Unfortunately, most drivers are guys and driving a big, fast, shiny rig are a form of di*k waving. They want 'prestige', their name on the door of the very own rig and dream of the day that they'll own a new Pete or a W900 that will blow by everything on the road. Until that day arrives, they'll lease an overpriced cheapie (like Master Lease pushes) temporarily and hopefully save enough for that “large car.” To make matters worse, most have little business savvy or financial discipline. The settlement checks sometimes seem huge (at first) but they set little aside for rainy days. Few understand the difference between gross, settlement and net income.
Never mind that they want the fastest, least fuel efficient trucks on the planet and will drive it accordingly. Never mind that they'll have zero retirement and make less in real dollars than the guys in the simpler trucks working for a company. They have the 'prestige' and 'satisfaction' of being the Last American Cowboy and bullying your wimpy a$$ Toyota out of the hammer lane.
The problem is, their net profit is minimal, they have lousy credit, they are under-capitalized and living from truck payment to truck payment. The ones nearest the verge of failing are the driver's foolish enough to buy or lease a worn out, high mileage truck with, poor credit and little or nothing down. One major repair or a week or two off for illness/injury means they'll meet repo man and their truck will end up on the hook.
Stupid? Yeah, but that's the crowd that outfits like Master Lease, E1 Leasing and the other cheapie outfits cater to. If you think it's a winning business model, please buy and join the other dreamers in the trucks. If not, trade it.
Personally, I think this is a scam attempt. The big gainer seems to be Hoebel at Master Lease. I believe he's near retirement age, ready to dump his little company on you and leave with full pockets. He has tried twice to no avail already. Will there be a third try?
Flame away. =^)
I would not hold my breath waiting for EGOC to be bought out.
EGOC thrives on PRs, message board hype from misinformed investors and is functioning in a fantasy world, i.e., they are:
"pleased to offer over-the-road Class-8 trucks with pre-installed, fully integrated systems"
Except for the fact that they have no trucks, personnel, facilities, etc. Master Lease and the idea of retrofitting worn out clunkers was a horrible deal and would have added nothing to this company. You'd have to understand OTR trucking to understand why it was terrible.
"offers full service and worry-free managed programs..."
Except for the fact that they have no client base to offer the mythical service to.
"E1 can handle retrofit programs or projects of any scope and size,..."
Except for the fact that they have no tested/approved products to retrofit on anything. If they had such products, they would have had them tested long ago and the industry would have beaten a path to their door.
"E1 Hybrid Truck Development"
Except for the fact that they have neither the personnel, facilities or funds to develop a hybrid truck.
This company has failed to take the most basic steps to get their products on the market but supposedly blew millions on R & D??? Clearly they have no understanding of the market they are targeting or the steps necessary to bring their product/services to market. This is a startup that can't get *started* on anything besides lining the pockets of the principles.
Buy out? In their dreams.
What did he get for his millions? They don't appear to have anything but a website and an office.
I still think SS is the only person who has done any DD on this company and I still think this is a scam. Let's look at the website and see if we can find any value.
"Clean Truck Leasing services.
E1 Leasing is pleased to offer over-the-road Class-8 trucks with pre-installed, fully integrated systems to the long or short haul trucking industry for sale or lease. <more>”
Really? How can they offer the services when they have no trucks and couldn't legally install devices on them if they did have trucks. The <more> link leads to another page that is essentially a repeat of the same vague information.
BTW, truck leasing to small time operators is a losing proposition that appeals to the lowest common denominator in trucking, but it would take an entire post to explain why it is a really bad idea. What happened to the Master Lease deal mentioned in old posts? Another bad idea...
“Owner Operator Services
E1 Operator Services offers full service and worry-free managed programs for sole operators and small trucking companies looking to get into or expand their business. <more>”
What services? What “managed programs” do they provide? Clicking the <more> link takes us to this:
“Let us take care of the paperwork, maintenance schedules and all the other hassles while you do the driving. Energy 1 offers full service and worry-free managed programs for sole operators and small trucking companies looking to get into or expand their business. E1 Operator Services is managed by E1 Leasing and uses Comdata processing, so its simple and easy. We’ll even help you get the truck, if needed.“
Trucking isn't rocket science and any owner operator/lease operator should be able to handle those things from the comfort of his truck. He can only legally drive about 8.75 hours daily which leaves plenty of time to handle the minimal paperwork. Maintenance scheduling is as easy as glancing at his odometer and the service sticker on his windshield. For other transactions, the driver saves receipts in an accordian folder, records each transaction in a simple notebook, adds them up before tax time, completes a simple worksheet and sends it off to his tax guy. Done. The Comdata is used for fueling and financial transactions and your account is setup by the company you lease your truck to. Why pay a service for something that easy?
“Custom Retrofit Services
E1 can handle retrofit programs or projects of any scope and size, be it a standalone generator, a single dump-truck, or a fleet of transit buses. Our technologies are available for variable as well as constant speed motors and can be configured to meet most desires or needs. Plus, we’re not just restricted to diesel or bio-diesel blends. Many of our applications are applicable to gasoline motors, too. And, we can handle dirty fuels - sometimes, better. <contact>”
They can retrofit??? With what? They don't have a single approved device so anything they “retrofit” is probably illegal. Tampering with the factory emissions systems and installing unapproved aftermarket devices is a costly violation of the Clean Air Act as well as state vehicle codes. Think big trucks aren't inspected? Guess again.
Clicking on <more> takes me to the page listing “ExhausTek,” “IonTek” and “TekFuel Systems ” which are only described in the vaguest terms. There are no pictures, complete descriptions and applications, testing results, pricing or anything that hints that products are ready for market. The most glaring omission is EPA/CARB approval. Do the products even exist? Hard tellin'.
Moving right along we have:
“E1 Hybrid Truck Development
E1 is currently developing a Hybrid approach to emission reduction and fuel efficiency. Development embraces our own technology while employing others. <more>”
They're “currently developing” when they can't seem to get their devices approved for the US market or put up a decent website? C'mon! A company with three employees and no facilities are developing a hybrid truck? Let's put down the crack pipe folks. Hybrids are something that the big boys have been working on for years and development takes facilities, engineers, cubic money, etcetera; all things the EGOC doesn't have. Google “class 8 hybrid” and you'll see that they already exist and were pioneered by other companies. Again, clicking <more> provides no additional information.
You really need to ask yourself if the website is intended to inform and sell products/services or stock in the company. As it stands, that have nothing but stock and a horrible business model to sell.
After reading over a few more posts and PRs, I've come to the conclusion that EGOC is a scam from a trucking point of view and that they are preying on people with little knowledge of trucking and “technology.” Their website is abysmal with links to nowhere, provides only vague references to their products/services and is intended only to sell stock. None of the product/services are currently available and I doubt that they ever will be. The name of the game seems to be keep investors in the dark, make exaggerated claims, promise much and deliver little.
From what I can gather, their products are a hydrogen generator that boosts mileage and two wonderful exhaust devices that supposedly cut emissions. None of this is new. Hydrogen generation devices are bogus and has been around for decades. They are sold everywhere to gullible people and some swear that they work with fantastic mileage claims.
Even so, after all these years not one device has been successfully dyno tested and proven to give a meaningful mileage improvement to the FTC's satisfaction. Why not? Testing at a CARB/EPA facility takes about a week tops and the cost is about $40K, per CEE facility in Santa Ana, CA. If any of the "technology" worked and provided even a modest improvement that is a pittance, venture capitalists and engine manufacturers would beat a path to the inventor's door and there would be no need to peddle stock.
Never mind that the manufacturers have battalions of engineers trying to squeeze even tiny improvements from engine to give them the competitive edge. Ask yourself, think they haven't tried hydrogen? Do you have a hydrogen device on your personal vehicle? Why not if it works? It's bogus, gang.
As for the PM filter and NOx devices (if they even exist) the improvement to fuel mileage would be miniscule because there isn't that much back pressure to deal with in current systems. There are already a slew of CARB/EPA approved devices on the market, they are standard equipment on model year 2007 and newer trucks and they have been retrofitted to older trucks for several years. EGOC is supposedly coming to market (????) but with too little too late and they're competing with well established companies such as Donaldson, Cleaire, Engine Control Systems, Johnson Mathey that truckers trust. EGOC has only 3 employees, no manufacturing facilities and apparently no knowledge. Good luck with that plan...
To be continued.
P.S. Can any DD types tell us precisely where the Middle East the bus test is being conducted? The Middle East is a big place so which country is it?
Very true, it is. Also I believe that each morning the CEO tells the shareholders, "Here's your sign." I don't think many are looking for that sign. ;)
A sign? Why not read the financials, wait until this company actually makes money - at least more than they pay the CEO -- and watch the charts. Right now they are something like $11MM in debt and have never made a penny for the stockholders. They can't borrow money so their only option is to sell stock and it seems that there are no buyers. Look at the trades per day and the volume. Miserable. Even the pumpers aren't buying.
Can anyone tell me why EGOC uses a picture of Road Scholar Transport daycabs in the "I box" above? Are they implying that Road Scholar uses EGOC products in violation of the Clean Air Act?
Also, why don't the links work on the Energy 1 website?
Sunspotter, I tip my hat to you for actually researching EGOC. You seem to be the only person on the board who doesn't take every word that the CEO utters as gospel and that's a pity.
I haven't spent a lot of time reading all the posts but I've noted a slew of wild claims. Could you tell me where in the Middle East this mythical bus fleet is?
From a trucking point of view, this company is destined to fail. The website seems deliberately vague and tells us nothing. Their business model is horrible and their target customers aren't going to generate big revenue. It is cheap entertainment for anyone who knows anything about trucking. Way too many red flags.
Good informative post as usual.
Cheer up gang. There is plenty trading going on and much interest. This thing will double before the close today and probably do it again on Monday. Those who bought at this level will be high fiving and viewed as heros.
Trust me. I know all this because I don't play these promos and I'll definitely be kicking myself in the a$$ for not jumping in with both feet. =o(
I appreciate the response, Tbird. What do you base your opinion on and what am I failing to consider?
Hot nude Russian babes.
Did I get your attention? Sorry, no babes here. :(
Several months ago I found this company (CDII) playing with the Yahoo screener using a fairly tough criteria: P/S < 5, P/E <10 and 5yr EPS growth > 50%. Sorting the results brought this stock to the top. I'm not a fan of penny stocks but I'm inclined to buy this one.
It's a diversified American company operating mainly in China and there primary business is magnesium which is critical to industry. Not a chintzy outfit; alone, they produce more than the entire US or about 10+% of the world supply. The website is here--
http://www.cdii.net/ ;
Googling CDII revealed interesting results: super low P/E, no debt, a hoard of cash, plenty employees (1578), real earnings, it's selling for 12% of book value, etc, etc. They've recently bought two more Mg producing companies.
It's very “un-penny-like” and I was surprised to learn that analysts actually follow this. Jaywalk Consensus on my TDA acct rates it as a hold (2buy, 1 hold, 1sell) and it's mentioned in Seeking Alpha.
http://seekingalpha.com/article/607731-6-high-growth-services-stocks-hoarding-money ;
The company is not without warts. When the price fell below a buck NASDAQ indicated that they were considering delisting the stock due to the price and the pps plummeted on the news. The hearing was already held and the company was moved to the OTCBB. It had been trading in the .30s with low volume ever since delisting was mentioned but sold off bigtime once delisted. Why? Panic? Delisting wasn't news...
Try this link and check my reasoning.
http://finviz.com/quote.ashx?t=CDII
It is in the .20s as I type. For that price it offers a P/E of 2.27, EPS (ttm)of .11, $100MM + in assets, no debt, book value of $2.04 per share, and cash/sh of .41. The stock has a (1) buy recommendation and the target price is $3... Earnings will be out tomorrow but I don't see a lot of downside to this one even if earning disappoint. It seems that sooner or later someone will realize that this company is making money. It might be a buyout candidate at this price. Sales were $165MM last year, grew 68% and magnesium prices are good.
So, blast me with the negatives. What am I missing? Am I on the verge of making a horrible mistake in your opinion?
No problem at all Ginger. I applaud any device that actually saves fuel and there are several on the market that have proven to lessen fuel consumption. From what little I can discern from this company's terrible website, they don't have a product that will produce a meaningful mileage increase.
"Proof" come from the dyno facility and not from people trying to sell us something. If we believed the hucksters there would be a junk used car in our driveway and the garage would be crammed with cases of Extenze. ;^)
Pss, I will never post "proof" that will satisfy someone holding this stock, particularly if they bought in at a higher level. They will continue to believe every word that supports their purchase and it's called "post purchase rationalization."
But the link at the bottom will show you how you can improve fuel mileage and it works to a lesser degree in your four-wheeler. I didn't say 35%, you did, but let's take a ride and see what the numbers are in our unmodified truck.
- Instead of hammering on it at 75mph and terrorizing soccer mom, we roll along at 60 with the left door shut. Fuel savings = 15%.
- Instead of idling all day we shut the truck off when it's not moving. We can legally drive only about 8.75 hrs per day. Fuel savings = 15%. Ever notice that trucks idle 24/7? It's because the OTR truck is also our home and we run it for heat/AC/TV/chicken lights/ charge batteries/etc.
- Instead of accelerating, decelerating, charging traffic lights and such, we drive smoothly, shift as soon as possible, set the cruise control and flow gently with traffic. Fuel savings = 3+%.
My math is lousy but we've saved about 33% so far, right?
Lets' get radical and decline that nice 45k lb load of bin lettuce and, instead, take the lettuce in the form of delicious Fresh Express prepackaged salads. That load comes in at about 15k lbs so I'm now grossing about 48k # vs 78k#. Fuel savings = 12%.
Help me out here but it looks like we've cut our fuel mileage nearly 45%. I suspect that someone at EGOC knows that...
My point is -- those mileage numbers posted in the PRs are total BS. The accurate way to determine mpg and emissions is by putting the truck on a dyno, preferably in an independent, temp controlled EPA/CARB approved testing facility. None of the companies peddling the phony devices do this because the facility doesn't lie.
Here's the link and please try it in your car.
http://cumminsengines.com/assets/pdf/Secrets%20of%20Better%20Fuel%20Economy_whitepaper.pdf
Ummm, PSS, EGOC isn't on that list.
Scammed? If you don't own this stock or just intend to flip it, maybe not.
If you bought this as an investment and think the company will ever make a profit by selling a fuel saving/clean emission product, then yes, you've been scammed. This looks like the same junk sold by dPollution, RMGX, GWBU and probably others. See the name Domenico Chiovitti in the links below.
http://www.corporationwiki.com/Michigan/Southfield/domenico-chiovitti/63135010.aspx
http://brevets-patents.ic.gc.ca/opic-cipo/cpd/eng/patent/2523778/summary.html
I'm guessing the technology is the same old same old and it has never worked. A patent doesn't mean a product works as advertised; only that the inventor say it does.
I apologize in advance for repeating things that have probably been posted and if you're just flipping this stock, please stop reading now. If you're an "investor," I regret to tell you that you're being scammed. I say that as a recently retired owner operator and shade tree mechanic for the following reasons. Some are:
- The "hydrogen gas from water" HHO technology dates back decades to Stanley Meyer and is nothing new to class 8 trucks. You can easily produce hydrogen gas in your garage and I use the principle to remove rust from old motorcycle parts and tools. Problem is, it takes more energy to separate hydrogen from a compound than the hydrogen will generate -- about 1.3 KW to get 1 KW energy. BTW, Newton's laws are still in effect...
- The company website is deliberately vague and short on facts. The mileage claims are exaggerated or spun to confuse folks unfamiliar with big trucks. I can (and have) achieved similar mileage improvements with no modifications at all to my trucks. It has to do with speed, load, terrain, weather, idling, etc. Most any experienced trucker could fool the layman with miraculous mileage gains. Seriously, no legitimate company would foist off figures like that; they would test the truck on a dyno under controlled conditions in an EPA approved faxcility.
- Trucking is incredibly competitive and fuel in our greatest expense ($80K+ per annum per truck)by far. Profit is measured in pennies per mile even with the best companies. Major engine manufacturers employ battalions of engineers to squeeze the tiniest bit of efficiency from every drop of fuel.
- Flawed business model. Anyone with a legit invention yielding perhaps a 10% gain in mileage could approach any manufacturer and cash in bigtime. No need to form a business, target small businessmen (O/Os) or peddle overseas where fuel is dirt cheap. The enormous trucking market is here in the US and with the mega-carriers and their huge fleets.
There are plenty of other reasons that a person should be very skeptical of this stock but I've already bored you enough. Sorry.
If you'd like to generate hydrogen while removing rust from things around the house/garage, please visit this link. It's a snap and works beautifully.
http://antique-engines.com/electrol.asp
P.S. Can anyone provide the patent #s for the gizmos as well as the name and USDOT number of any fleet using this "technology." A picture of the "fleet" truck would suffice since, by law, the name/number would be prominently displayed on the side of the truck.
Sorry I can't help you with the time of the meeting but I believe the earnings come out on the 15th according to info on TDA.
I think you're right about the slow burn starting. I suspect if a few more people looked into this company it could take off.
I agree completely, Roi. I don't see the demand for magnesium going away anytime soon and this company can produce plenty of it with really cheap labor.
I can't believe that this stock is so cheap and I didn't understand the selloff when the delisting was no surprise and already priced in. I think .41 cash/sh for less than .41 is a bargain and sooner or later people will discover this thing. Right now this is like the "Rodney Dangerfield" of stocks but sooner or later it will get some respect. =^)
Nice to see someone post on this board and hope your day is a good one.
Great post as usual and we thank you, Dude. Newbs, ignore this man at your peril. Follow his posts. =^)
Pps .27, cash/sh .41, book/sh $2.04 = amazing overreaction to delisting that everyone knew was coming. Wow.
http://finviz.com/quote.ashx?t=cdii
Whoa, I thought this forum was dead. Thanks for posting. =^)
I was wondering the same thing a few days ago but it turns out that they have three segments: Magnesium production, Basic materials and Consulting. You can read about them here -
http://www.cdii.net/index.php/about-us/company-overview
Google this outfit and you'll be surprised. There is more like -
http://finviz.com/quote.ashx?t=cdii
and
http://seekingalpha.com/article/607731-6-high-growth-services-stocks-hoarding-money
This stock seems to be dirt cheap and I'm looking for a good reason not to buy... besides the fact that it's a penny stock. They have 1578 employees and are one of the largest magnesium producers on the planet. The P/E is rock bottom, they have no debt, the book value is about $2 and each .30 something share is backed by .41 in cash... I'm missing something???
You're right on target, SBD, and your logic is flawless. I sure can't fault APS' business model and experienced people know how to play their promotions so they do alright. I do wonder if they'll ever run out of neophytes to hold the bag. If I ran APS (in my dreams, no?) I'd occasionally plug a real company just to be able to say I did it. :)
I never take offense Ken and your point of view makes sense. If you check my past posts you'll see that I'm hardly a "sophisticated investor" and certainly not a trader. ;)
I did wonder what criteria APS used for their picks because a vitamin and a fake fuel conditioning device peddled by sad companies seemed pretty lame, no? I realize the point is playing the stocks but, wow!
Again, apologies Ken and please delete it if you haven't already. Thanks.
I think your opinion is right on the money, Paul. It never occurred to me that they'd bother to buy the whole shell when the stock price is is already in the toilet. Thanx.
Point taken with profound apologies, Kool. I can appreciate that you could draw your conclusion but serious question -- doesn't someone at APS actually consider prospective companies to promote? I'm certainly not APS but I'd shop for companies meeting a certain criteria.
Way off topic, could you elaborate on your POS stock comment and why you wouldn't buy it? Thx in advance.
Thank you, Paul. I'm new to promos so could you explain why? Just curious.
APS promo candidate? Your opinions please and if this is posted inappropriately on this board or perceived as a pump, please feel free to delete. You guys are the experienced penny traders and I respect your opinions so...
I found this company (CDII) playing with the Yahoo screener using following criteria: P/S < 5, P/E <10 and 5yr EPS growth > 50%. Sorting the results brought this stock to the top. It's a diversified American company operating mainly in China and there primary business is magnesium which is critical to industry. Not a Mickey Mouse outfit; alone, they produce more than the entire US. Website is here--
http://www.cdii.net/
Googling CDII revealed interesting results: super low P/E, no debt, a hoard of cash, plenty employees, real earnings, it's selling for 19% of book value, etc, etc. They've recently bought two more Mg producing companies. It's very “un-penny-like” and I was surprised to learn that some analysts actually follow this. Jaywalk Consensus on my TDA acct rates it as a hold (2buy, 1 hold, 1sell) and it's mentioned in Seeking Alpha.
http://seekingalpha.com/article/607731-6-high-growth-services-stocks-hoarding-money
The company is not without warts. When the price fell below a buck last year some insiders bought and tried to manipulate the price. Early this year, NASDAQ indicated that they were considering delisting the stock due to the price and the pps plummeted on the news. The hearing was already held, results will be out w/in days and the stock will probably go to the OTCBB. It has been trading in the .30s with low volume ever since delisting was mentioned.
My point: it dawned on me that this might be a great promo candidate for an outfit like APS; sort of a win, win, win thing. The company has more 'cred' than the typical promoted companies, it seems a decent buyout prospect if nothing else, it isn't going away and is head and shoulders above the usual flakey outfits that get promoted. I feel that it would enhance the image of the promoter, the company could really use the attention and “bagholders” would still have hope.
Your thoughts as a promo candidate? Also, what am I missing? Promo aside, should I just buy it now and wait patiently? There seems to be little downside, the delisting is already priced in and, if it only sells at book value down the road, should be near $2.
Good question. I've been watching the AGRT and GWB* promos from the sidelines with interest and the difference between APS and TBX is startling.
APS seems to constantly send out emails even when little or nothing is really happening and will even repeat old news to sustain the promo. TBX seems to be asleep at the switch, rarely emails and might want to check out APS to see how a promo works. One thing is certain, TBX isn't awesome...
There is good news here -
http://www.barchart.com/quotes/stocks/AGRT
Barchart.com opinion is here and might be good news after a dreary wednesday.
http://www.barchart.com/quotes/stocks/AGRT
Color me puzzled but that PR is a year and a half old, so where is the $$$? That doesn't sound like a new deal.
I'm aware that Spare has a relationship with Assurant but without knowing the conditions of the contract, we're just guessing. Assurant seems to provide the 'insurance' but I wonder if Spare has a lock on providing all the so-called white label stuff. I'm puzzled when I read things like this,
http://www.o2.co.uk/myo2
this
http://www.newbay.com/customer_page.php?c=bb&sec=index
and this
http://www.digidata.com/about-us/press/terabox-white-paper/
because O2 is owned by Telefonica. If they have the in-house capability, why look elsewhere?
Isn't Radio Shack already part of the Simplexity deal? Simplexity thinks so.
How does a person know which PRs are coming out? This company seems to thrive on PRs but I don't think anyone believes them. The PRs are weasel-worded hype that hint at fictional 'lauches' right around the corner. Then it's up to message board pumpers to fill in the blanks. Does anyone know that they are fact? I don't think they are.
Examples of hype are the mention of "telcos" (are there any without backup/sync in place???). The 'Turkcell' and 'Telefonica' deals are pure hype and they seem to be already partnered with other outfits. The 'launches' message board pumpers murmur about already seem to have been snapped up by outfits like this:
http://www.reuters.com/article/2011/10/07/us-rim-newbay-idUSTRE7965CB20111007
Please post a PR specifically identifying SPBU & those telcos by name. Similarly, post the names of telcos without a sync/backup service offering.
That's very true because it's hard to dump when people only want to buy 125K shares at rock bottom prices... You could have bought every share traded today for about $4600. This stock is like those Chinese finger traps; once you buy in it's almost impossible to get out. Ask the pumpers.
Years ago this stock used to be north of $28 until people figured out the company was only the CEO's personal ATM.
Speaking of obvious, it seems that only about $4K worth of SPBU shares have traded today in 12 trades as I type. Is my PC broken or is it obvious that people ignored the recent two-day pumpfest? Phew!
Could it be time for the company to consider plan B(ankruptcy)?
Effective May 15, 2012, Mr. Andy Zeinfeld resigned as a member of our board of directors. You can read about it here but it sure looks bad.
http://www.implu.com/releases/2012/20120521/68747/implu_viewer
Which Radio Shack launch? We thought Radio Shack & Simplexity/Wirefly were already joined at the hip...
BTW, do you know why the CEO of Simplexity resigned from Spare's board? Must be nice when a person can turn their back on $40K for doing nothing, but on the surface it looks like he's deserting a sinking ship.
The word "recently". It might be comforting to see "Todd" buy 5 million shares after selling 2.4 million at the end of March...