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.02 / .03
It is trying to bounce... and it missed my buy order at $0.021.
I'm not talking about tax benefits; I am talking about cash to pay taxes. Do not forget that our wonderful country spends $1.2 for every $1 earned. Everyone is cash poor in this country...
There are many bids at $0.018 and only one ask at $0.025 right now - it does not look that bad... the lows are being tested again. I cannot believe people are selling at these levels... then again, many people bought in at less than $0.01 a few years ago.
One thing to remember is what time of year it is... TAX SEASON. Some people need cash desperately and tend to pull out at the last minute.
Do you think this is possible for the latest selling?
No comments???
I was actually hoping for some comments. Is that the Garfield product that EQUR is spinning off?
Some quick thoughts...
By definition a spin-off requires shares in the new company to be given to current EQUR shareholders. The question is how many shares we will get for each share of Equus... I am thinking 1 share of the new company for every 5 to 7 shares of EQUR.
Let's look at the business plan posted in December on this message board... if the new company has revenues in 2007 of $20 million and $40 million in 2008 - then how can we value this new company? Assuming they have the same amount of shares as EQUR (150 million). Let's assume the business plan is optimistic and their profit per unit is 60%... this gives profit in 2007 of $12 million and 2008 of $24 million. Or EBITDA earnings of $0.08 per share in 2007 and $0.16 in 2008.
Let's now use a P/E ratio of 10 - this gives a value of $0.80 per share in 2007 and $1.60 in 2008... using the assumptions as laid out in this email.
Assuming they try to fit within the IRS Section 355 of being a tax free dividend spin-off... this could be big. Any thoughts??
LASTLY - is this the Garfield product (note the ones that say "It's All About")???
http://www.amazon.com/s/ref=nb_ss_gw/002-8572240-2838417?url=search-alias%3Daps&field-keywords=g...
As you said... the calm before the storm.
The question is whether the storm will be positive or negative. I see nothing negative from here. We all know that they do not have to report financials, they do not have to put out an annual report, and they do not have to have an annual shareholder meeting. The fact that they are doing these things willingly is positive - there is no way they would put out anything but good information... otherwise they would keep their mouths shut.
I see nothing but upside from here. I am sitting on 2,000,000 shares; I cannot buy more at this time... but I wish I could.
Any guesses about annual meeting??
When do you think the annual shareholder meeting will be? Do you think a new board of directors is the key? I think it is definitely a good step; depending on who gets voted to the board.
I predict another P/R soon...
At least noone was selling...
The bid has stepped up to $0.03 with an ask of $0.034 - this looks better than it has. I was surprised that noone sold at $0.03 today to drive it back down; maybe it is time to turn it loose and let it go back up again. I have just over 2 million shares now - I am holding... long and strong.
I see $0.035 bid soon, within a couple of weeks. The downward pressure seems to have subsided for now. It looks like another time of waiting for us - let's hope they finally do what they say and put out some material news.
What is up with this POS? I got out yesterday at $1.70 and it is up today... this sucks...
I predict... .25 by year end...
This will not be a fast jump in my opinion. The management is regrouping - which is a good thing. They are (according to the P/R) going to start running EQUR like a real company; which is good... most pink sheets companies do not.
Here are some obvious thoughts...
1) They are Pink Sheets which DOES NOT require them to release financials... they would NOT release poor financials. I do not expect them to be great; but I expect them to be solid... otherwise, they would not release them.
2) Annual reports are not common for Pink Sheets companies. They obviously feel like they have something, else they would not release... they would continue as they have been.
Both of these bode well for the stock; however, neither will give them a big jump. I predict a slow growth up to $0.25. They will build the foundation of a company and hopefully grow something solid on that foundation.
I was right about news...
I said by April 1st - and it came out the last trading day before April 1st...
I agree totally...
News is what drives stocks; lack of news makes people forget about stocks - or worse, it makes investors become uneasy. At least news means that they are working at something - even when they had worthless P/R we knew they were at least trying things.
Financials will drive the stock... 1st Annual shareholder meeting will drive the stock... Spinoff will drive this stock - basically any material news will give credibility to this company.
NEWS!!!
Good news but not great news. It looks like they will start running this like a public company - and stop running it as a private company.
The spinoff is complete, but they gave little information on it. I hope EQUR still owns 40% of this company... I guess we'll all find out at the meeting.
I look forward to meeting you at the stockholder meeting - I'll be there!!!
Confusing...
This is not normal, and it looks strange to me. I still say that they release this week - it has been much too long and we are starting to see the effects of this. I rode it down to $0.02 once, I will do it again. It will pay off big in the long run.
OUCH!! That hurt!!
$0.02 $0.025 - Last $0.025
This stock needs some volume... it is too easy to manipulate the price with pocket change. Someone should be picking up these cheap shares... check out www.amazon.com - and search for the Garfield learning products. Is this the products they purchased?
It is a penny stock....
Penny stocks have large trade swings for no apparent reason - this is the nature of the beast. I am not hoping for natural swings - I am waiting on the news to hit... and I predict that it hits around April 1st (which I have been predicting for some time now). If I am right, then a wild swing to the upside will occur with the news; if not, then I will ride the natural fluctuations of a penny stock for a few more months.
Either way I think this is a pretty good stock.
Yes - I stick with my prediction.
If you look over their past press releases, they typically come out with one every 6 weeks or so. They have not had a P/R since 12/27 - which is extremely long for this company.
I do not think it will be much longer.
More small volume...
35,000 shares - don't forget that this is only around $1,500 total. A big day will hit well over 2,000,000 shares - then we will know where we stand. This stock is too easily manipulated with a few thousand dollars... last week had some pretty good volume.
Where did you buy in at?
Buy then...
I think something is up... too many trades the last few days. I agree with you - if we break through to $0.06 then it will go somewhere.
I am holding and not looking to get out before $0.25 - even if I have to hold it for another year, but I don't expect to hold it that long.
Interest is picking up...
It seems like interest is picking up on this stock - based on level 2 quotes... then again level 2 is not that accurate on a penny stock. I expect something good soon - I stick by my prior statement of a move before April 1st. They will announce something before the quarter ends - it has been too quiet for too long.
Patience... give it until end of fiscal year - 04/01
We are at $0.05!!!
Let's finally break through this barrier today! Let's see $0.06 today, and $0.20 next week!
Where is everyone?
Things look better... the bid is up to $0.038 and the last price is $0.04. If this thing can get up to $0.05 BEFORE the news hits, then maybe good news can take it up above $0.10.
Buy all you can...
You better be buying... their fiscal year ends on 3/31 so I expect news soon!!!
Some action today...
These are small trades, but at least there is some action today. I think news will come out soon (they are pretty consistent with releases); if we see a jump in action then we can assume something is up. Let's cross our fingers!!!
Your reply reeks of pure ignorance. "Folks" are watching - how scary is that?? These "pros" are either not investing in a penny stock or they are not "pros".
I consider myself advised - this either works or else... what must work? This message board works, so I must be safe. Fraud & misrepresentation are strong words - I have been close to using them about EQUUS but I keep thinking something is coming. Hopefully it happens and all of us "pros" can be happy - otherwise I am in trouble, ha ha.
Maybe you should stay around as the comic relief.
thomasmore...
There is no need or place for comments like that on this board. It is neither helpful or funny - actually makes you look quite juvenile. Please go back to the schoolyard where you belong.
I openly share the information that I hear. I heard the last bit from a relatively reliable source (in my opinion); hopefully it is true.
I anticipate something good...
for the first time in a long time. I expect to see some news come out - with some substance.
I agree, and I think management is doing a decent job of giving us opportunities. All we need is one good hit.
Depends...
It depends on what is done with the money. I think they have tried to purchase things by issueing stock - which is not really a bad thing. They need to stop issueing shares though, as it makes investors leary. I have emailed them such and I would suggest you do the same.
I think the Garfield thing is about to fly... hold on tight.
150,000,000 shares outstanding...
I heard they issued more shares, so that it now stands at 150,000,000 outstanding. I also heard news is imminent - SOON. Hold on tight and buy more if you can find the pocketchange. It is going to be a wild ride beginning the next couple of weeks.
Let's all have a celebratory meeting in Hawaii once this is over!!!
Legal Ramifications...
There are some legal ramifications for the way they inform shareholders. If they mislead shareholders then they can be forced to pay some of the losses incurred as a result of decisions made on that misinformation - if it is determined to be intentional. I think they will come out with an informational press release soon - otherwise, they would be intentionally misleading a shareholder which is highly illegal... and Mr. Cunningham knows this - since he is legal council for various companies.
I email consistently!
I assure you I am not in any loop. I send email after email asking for information with no response. I was surprised to get a response - hopefully the release will come out within the next week or so.
Maybe I was right - maybe they'll convert to a REIT at fiscal year - April 1st.
I received email from Cunningham...
"A press release addressing your questions and concerns will be coming out shortly and will, I trust, be sufficiently informative."
Looks good to me!! I'm buying more over the next few weeks - I want to hit the 2 million share mark.
This is rediculous...
Someone is playing around with this stock. News will eventually come out. I am still picking up shares here and there... I should have 2 million shares soon.
Anything new? Where is everyone?
Where is the news? Any predictions for this year?
They let the name expire...
Check Nevada Secretary of State website - World Education Partners has expired as of yesterday. I don't know what is happening now.
I assume if they convert to a REIT then they would do that at fiscal year end... does anyone know when this is? They file annual report by end of April so I assume their fiscal year ends in March.?.
Any ideas?
Show me the money!!!
I am trying to be positive. Tomorrow is the day that the World Education Partners name reservation expires in Nevada. I expect it to come and go with no filings or news, but at least it gives us something to talk about.
They come out with news very consistently - rarely going 2 consecutive months with no news release. News does not mean the stock goes up (for EQUR), but once again it gives us something to talk about - we can then once again discuss our disgust for management's lack of P/R skills. Last news was December 27th - hopefully by the end of the month they will release something.
The other thing is the conversion to a REIT... this will require press releases and I think it will require financials to be disclosed (since a REIT requires most of profit to be distributed as dividends). Even if their is no profit they must report financials at this point. ALSO - since a REIT is basically in the business of managing a balance sheet, they will be required to announce major changes in their balance sheet. This is why REIT's are pretty good investments devices - they have more transparency than stocks with a little less risk (but also less upside potential - unless it is a penny stock).
Any thoughts???
It was only $1550 trade though...
That does not seem like dumping. Last week there were some larger trades on up volume - implying buying. I don't know what is going on here, but it seems like manipulation. If there is a large trade today or tomorrow at $4 then we will know what is happening.