Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
it's not going to leave the station until the six's are done
told ya...looking to slow it down
not saying they can ...but looking to do so
y'all realize they're looking to hold this one down , right ?
IF THE ASK GOES TO 4... WE ARE OFF TO THE RACES
I THINK THIS IS GOING TO $ 9 TODAY...JUST WATCH THE EOD CLOSE
NO THATS NOT PROOF
in any case, if that is so why are we where we are now with over 100 M in trades and no overall downside today ?
and the proof of the dilution is where ??
see.... it is not dilution
he is just trying to bring it down so he can buy more low and seel high later
don't believe it
Really ...show me the proof of your contention
just a little proof please??
why are you here if you think its dilution
what possible financial interst can you have in a stock going down unless you wanted to buy low and sell high ??
this is going to pop
no doubt ....volume alone says it all
show us the proof of dilution
its not ...its accumulation pending news or rumor
yep more buys then sells
something is definitely up
stand by
no way jose
its not dilution ...you are absolutely wrong
agree ...this volume is positive
no need to sellnow
but its in the wrong direction now
with this new volume this will either close very much UP or very much DOWN
I'd say something if uup ?
the mm's are walking it down in anticipation of news
don't be fooled.... any volume and this goes to the moon
bet on it
what news are we expecting
a gizzillion
now this IS exciting
i have feeling that there is only one poster using differnt names talking to himself
PRESS RELEASE: Reko Announces Third Quarter -2-
Jun 12, 2008
(174) (104) (1,613) (465)
--------------------------------------------
Net loss from continuing
operations (382) (491) (2,473) (1,096)
Net loss from discontinued
operations, net of tax (Note 3) -- (728) -- (387)
--------------------------------------------
Net loss (382) (1,219) (2,473) (1,483)
Other comprehensive income -- -- -- --
--------------------------------------------
Comprehensive loss (382) (1,219) (2,473) (1,483)
--------------------------------------------
Retained earnings, beginning
of period 24,278 29,729 26,369 29,993
--------------------------------------------
Retained earnings, end
of period $ 23,896 $ 28,510 $ 23,896 $ 28,510
--------------------------------------------
--------------------------------------------
Loss per common share from
continuing operations
Basic $ (0.05) $ (0.07) $ (0.35) $ (0.15)
--------------------------------------------
--------------------------------------------
Diluted $ (0.05) $ (0.07) $ (0.35) $ (0.15)
--------------------------------------------
--------------------------------------------
Loss per common share from
discontinued operations
Basic $ -- $ (0.10) $ -- $ (0.05)
--------------------------------------------
--------------------------------------------
Diluted $ -- $ (0.10) $ -- $ (0.05)
--------------------------------------------
--------------------------------------------
See accompanying notes to the interim consolidated financial statements.
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
Three months and nine months ended April 30, 2008 with comparative figures
for 2007 (in 000's)
=---------------------------------------------------------------------------
For the three months For the nine months
ended April 30, ended April 30,
(unaudited) (unaudited)
2008 2007 2008 2007
=---------------------------------------------------------------------------
OPERATING ACTIVITIES
Net loss from continuing
operations for the period $ (382) $ (491) $ (2,473) $ (1,096)
Add non-cash items:
Depreciation and amortization 1,099 1,060 3,441 3,101
Future income taxes (212) 268 (1,652) (611)
Gain (loss) on disposal of
capital assets 18 68 18 (53)
Stock option expense (Note 7) 8 20 26 54
--------------------------------------------
531 925 (640) 1,395
Net change in non-cash working
capital (4,359) 2,285 287 3,644
--------------------------------------------
Cash (used) provided from
operating activities (3,828) 3,210 (353) 5,039
--------------------------------------------
FINANCING ACTIVITIES
Net proceeds on bank
indebtedness 4,944 440 4,797 611
(Payments) proceeds on
long-term debt (383) 403 (1,344) (176)
Cost of repurchase of shares (29) (524) (102) (1,191)
--------------------------------------------
Cash provided (used) from
financing activities 4,532 319 3,351 (756)
--------------------------------------------
INVESTING ACTIVITIES
Investment in capital assets (874) (2,904) (3,113) (4,196)
Proceeds on disposal of
capital assets 21 39 21 160
--------------------------------------------
Cash used in investing
activities (853) (2,865) (3,092) (4,036)
--------------------------------------------
Effect of foreign exchange
rate changes on cash and
cash equivalents 149 (664) 94 (247)
--------------------------------------------
Cash and cash equivalents,
beginning of period -- -- -- --
--------------------------------------------
Cash and cash equivalents,
end of period $ -- $ -- $ -- $ --
--------------------------------------------
--------------------------------------------
See accompanying notes to the interim consolidated financial statements.
Notes to Interim Consolidated Financial Statements for April 30, 2008
(in 000's, except for share and per share figures)
(Unaudited)
1. Significant accounting policies
Management prepared these interim consolidated financial statements in
accordance with Canadian generally accepted accounting principles using the
historical cost basis of accounting and approximation and estimates based on
professional judgments. These interim consolidated financial statements contain
all adjustments that management believes are necessary for a fair presentation
of the Company's financial position, results of operations and cash flows. These
statements should be read in conjunction with the Company's most recent annual
consolidated financial statements. The accounting policies and estimates used in
preparing these interim consolidated financial statements are consistent with
those used in preparing the annual consolidated financial statements, except as
noted below and in Note 2.
Foreign currency translation
During the first quarter, management evaluated the classification of the two
remaining active U.S. subsidiaries, which were classified as self-sustaining. In
considering factors such as the procurement of revenue, how financing was
obtained and where binding decision making occurred, management concluded that
these previously classified self-sustaining subsidiaries were, in fact, fully
integrated. Thus, the temporal method of foreign currency translation should be
used with the current rate applied to monetary assets and liabilities, and
historical rates applied to non-monetary assets and liabilities. This did not
have a significant impact on these consolidated financial statements.
Financial instruments, equity and comprehensive income
In January 2005, the Canadian Institute of Chartered Accountants approved
Handbook Sections 1530, "Comprehensive Income"; 3251, "Equity"; 3855, "Financial
Instruments - Recognition and Measurement"; and 3861, "Financial Instruments -
Disclosure and Presentation". The Company adopted these new recommendations
effective August 1, 2007 with no restatement of prior periods.
Financial instruments
Under the new standards, all of the Company's financial assets and financial
liabilities are to be classified as held for trading, held to maturity
investments, loans and receivables, available-for-sale financial assets, or
other financial liabilities. All financial instruments are measured at fair
value on initial recognition. Held for trading financial instruments, which
include cash and cash equivalents and non-hedging financial derivatives, are
measured at fair value and all gains and losses are included in net income in
the period in which they arise. Loans and receivables, which include accounts
receivable, current portion of long-term debt and long-term-debt, are recorded
at amortized cost using the effective interest method. Other financial
liabilities, which include accounts payable and accrued liabilities, are
recorded at amortized cost using the effective interest method. The Company does
not currently have any held to maturity investments or available for sale
financial assets. The implementation of the new section had neither a positive
nor negative impact on the financial results of the Company.
Equity
Section 3251, "Equity", establishes standards for the presentation of equity and
unrealized gains and losses in equity during the reporting period. The main
feature of this new standard is the requirement of an enterprise to present
separately each of the unrealized gains and losses in equity during the
reporting period. The new standard replaces Section 3250, "Surplus", and also
incorporates amendments resulting from the issuance of Section 1530.
Comprehensive income
Other comprehensive income includes unrealized gains and losses on translation
of a Company's net investment in self-sustaining foreign operations, and to the
extent that cash flow hedges are effective, the change in their fair value, net
of income taxes. Other comprehensive income is presented below net income on the
Consolidated Statements of Income and Comprehensive Income. Comprehensive income
is composed of net income and other comprehensive income.(MORE TO FOLLOW) Dow Jones Newswires
June 12, 2008 14:31 ET (18:31 GMT)
SOURCE: DJN
Related Stocks Symbol Company
TNOG
Titan Oil & Gas Inc
BMSN
Bio-Matrix Scntfc Grp Inc
VYON
Viyya Techs Inc
CNUV
China Nuvo Solar Engy Inc
NDGT
Nutech Digital Inc New
BLDV Experts
No one qualifies as an expert.
Think you're an expert on this stock? Make predictions and see how accurate you can be.
BLDV - Related News
Brownstone Enters Into Investor Relations Agreement
PRESS RELEASE: Reko Announces Third Quarter -5-
USDA Minnesota Wheat Protein Premium/To Arrive Bids - Jun 12
PRESS RELEASE: Reko Announces Third Quarter -4-
or register.
I think that IS very reasonable speculation and likey more true than most posts here today ..
no , i said
"maybe just no one wanting to buy or sell at these prices and besides it hasn't stop trading
both of which are true
in what way
nope .. guess again
so you called the T/A and he told you the O/S over the phone ??
really ???
no ...maybe just no one wanting to buy or sell at these prices and besides it hasn't stop trading
i agree that most of the IHUB stocks are pure P&D but there's no reason to think the deal is done
based on what ??
so you got an email from someone who's name you don't know and he could't say anything but you think that's good and helpful to share ?
PROVES NOTHING BUT OK NOW WE ARE MAKING PROGRESS , WHERE DOES IT SAY WHAT THE CEO SAID WAS IN THE ENVELOPE ?
WHAT INDEPENDENT WEBSITE... I DON'T SEE IT ON MARKETWIRE WHERE ALL OF THE OTHER PR'S ARE POSTED ?
WHAT'S DELIVERED....NOTHING AS FAR AS WE KNOW.... WERE IS THE pr ANYWHERE ELSE
MAYBE BECAUSE THERE IS NO LETTER AND THE FED EX GAMBIT WAS A SHAM
please post the PR link
I don't see that without significant volume
Moving Average Convergence Divergence (MACD)??
R U serious ???
where ?
from one graveyard shift to another