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.
I just spoke with Randy Johnston (IR) and we have a 12% (40% of 30%) carry only on the first phase of up to 4 wells in Alberta. Right now they are talking about drilling a new well as an offset as opposed to recompleting the original 4. I asked him to please contact Mr Cotter in Ireland and clarify this agreement and email me back. It doesn't sound like that great a deal to have such a small startup driller (CVIC) doing our work, but after the initial phase who knows what the terms will be if the well is successful. I suppose it will be negotiated once we know the results of drilling the 1 well.
I hope you are right about having 12% interest in wells after intial 4, but I am not sure and I will call the company to clarify. When I talked to them early last week, the new partners were now thinking more of drilling 1 offset well rather than recompleting the original 4, and we would get 40% of our initial 30% (12%) and we would have to pay our share for additional wells (we have the option to buyin after completions, but no carry but also no risk). Personally, I prefer your scenerio as I have been increasing my position. With all the potential good news I hope the street will recognize the value soon.
RRainman, I know that you are a global investor and wonder what the shape of the Belgian economy is. I noticed that the Belgian ETF (EWK) was mentioned being up 1.85% for the week, one of the few winners last week. I know Belgium is more productive than the french, but besides tourism, what drives the economy.
PRRPF has a free carry only on the first 4 wells, not every well drilled according to my converstion with IR, but still no risk. Similiar to FPPC deal in New Mexico. They buy in on future wells. I have tried to get info on CVIC's expertise, but they are very small....stock in Canada is only $.09...but I ssume they are OK if ARC is financing them. Personally I was hoping for a more established partner. I am disappointed in the recent lack of share price appreciation with all the exciting potential in the PRs recently. Sooner or later it will be recognozed by the street.
Investorshub IPO.....
Posted by: Bob Zumbrunnen
In reply to: Phil (Bullrider) who wrote msg# 48351 Date:2/8/2005 11:40:05 AM
Post #of 48620
I don't know off the top of my head but I'm sure Churak's link, which I didn't read, covers it accurately.
Because investing in a private company can be a risky venture, one must declare themselves (proof doesn't have to be provided to us but you never know when an agency will ask for proof) to be accredited which means a certain amount of net worth and/or income, experience in investing, and tolerance for risk.
What this'll mean in terms of our private placement is that in order to download the prospectus, one will have to first check off the correct boxes indicating understanding of the risk involved, meeting an income or net worth threshhold, etc.
And though we've been profitable for a long time, and won't do the offering until the PE and PS have come down to levels that don't make us chortle when we see public companies at those levels (we're currently not far), investing in a private company is very risky and we'll emphasize that in the prospectus.
Also, since the placement will be up to $1MM but may get closed if it reaches the $500k range (the only potentially high cost of our future plans is acquisitions), a person who declares themselves to be accredited likely won't be able to participate unless they really are, because (assuming law allows, and we think it does), we'll be setting a minimum per-person investment level so we don't have the burden and cost of dealing with, say, 10,000 $100 investors. Easier and less expensive to deal with 100 $10k investors.
I know I've let the cat slightly out of the bag, and lots of people are asking for details. As anticipated, the people most familiar with how we work and in the best position to help assure our success are the most interested in owning a piece of the pie. And I remember very well the complaining that was done when SI was acquired by Go2Net because nobody was offered the opportunity to invest prior to that happening. Actually, there was a 504(d) filing prior to that, but it was done so early in SI's lifetime that it wasn't operating at the income levels both sites do now, so the previous private placement was never completed.
Everything will happen and information will be released in due course. Once the 504(d) is filed, we'll set up separate boards on each site that'll only be accessible to people who've received the prospectus so that we can communicate back and forth in the most efficient way possible because we know there will be endless q and a going back and forth.
As far as the status of our progress, we are actively working on the business plan to address the new directions we're planning to take and make it a more complete document than it currently is, the financials are done for the past 2 years but I'm going through them with a fine-toothed comb (my illness has temporarily halted that) prior to hiring an agency to audit them, most of the 504(d) paperwork has been completed, and work on the prospectus hasn't started, though much of its content will come from the business plan.
We're tentatively looking at a March or April filing.
A big thing in our favor and that'll be covered in the prospectus is that unlike so many private placements, "funding ongoing operations" isn't on the list of ways the funds will be used. We've got that covered. What we don't have covered are things like the costs of other acquisitions and hiring additional personnel when it makes sense. For example, everyone within the company is of the opinion that though I'm a good programmer, I can be more valuable to the company if I'm replaced as the programmer so more of my energies can be directed to the "CEO" aspects of my job. But the kind of programmer I can hand this over to and still sleep at night doesn't come cheap. I've located him and intend to hire him if the placement gets filled, and might even hire him if it doesn't, despite my aversion to increasing expenses. And I'll never hand over complete ownership of the programming. I'll always manage (perhaps micro-manage) it and will still bang out code myself at times.
Speaking of programming, how's the site running today compared to how it was running last week? Churak told me that things were getting slow during peak periods and that he'd heard the same from others, so I did some tweaks yesterday and plan to do more of them today and tomorrow. The db's CPU utilization has dropped very noticeably as a result. Is that being noticed out there in user-land?
If the deep gas well in TX hits this stock will take off. I have been told that they will be going around to different investment seminars this spring to get more awareness for the stock. I hope they announce the Alberta partner soon. Lots of good foundation being laid for this company.
Portrush Completes Well at Mission River
Tuesday February 8, 11:56 am ET
VANCOUVER, British Columbia, Feb. 8, 2005 (PRIMEZONE) -- Portrush Petroleum Corporation announced today that the most recent well drilled on the Mission River, Texas property has been completed.
The Scanio/Shelton Well No. 9, Mission River, Texas reached total depth on Sunday February 6. A total of 48 sidewall cores were taken prior to completion. Preliminary evaluation of the downhole logs and the sidewall cores indicate the well is commercial and has encountered a number of prospective oil and gas horizons similar to the other five wells, all of which are productive.
ADVERTISEMENT
A service rig has been scheduled for later this week. This will allow sufficient time for the cement to set. We anticipate a commercial gas well can be connected to the gathering system without delay. If the well is an oil producer it can go on production immediately
The operator has advised that he has begun contracting for a deep rig capable of drilling to 8,500 feet. The well will involve setting intermediate casing just above 8,000 feet before the formation pressure starts to rise. If geological considerations justify, the proposed depth may be increased to plus or minus 10,000 feet. The initial engineering is to assume a test of the Lower Vicksburg located between 8,000 and 8,500 feet.
Mr. Wesley Franklin, chief geologist for the operator, commented, ``Based on previously drilled deep producers on the property we anticipate multiple pays in the 8,100 to 8,500 Lower Vicksburg. Furthermore, we expect the zones will require fracing and we look forward to the zones producing at 5 million cubic feet a day or greater and recover 3 to 6 BCF.''
About Portrush Petroleum
Portrush Petroleum is a rapidly growing oil and natural gas exploration and production company focused on its core properties in the Michigan Basin, the Mission River Development project, situated in Refugio and Goliad Counties, Gulf Coast, Texas and Cranberry Alberta, a large acreage Mississippian and Slave Point target.
Portrush is publicly traded on the TSX in Canada and on the bulletin board in the United States under the symbols: TSX Venture Exchange:PSH, OTCBB:PRRPF.
Information on the company can be obtained by calling (800) 828 1866 or at
decided to rescind post
American Stellar Energy Signs Option on CBM Gas Project
Tuesday February 8, 8:30 am ET
CHICAGO, Feb. 8, 2005 (PRIMEZONE) -- The Board of Directors of American Stellar Energy, Inc. (Other OTC:AMRS.PK - News) is pleased to announce that the company has signed an agreement, providing it with an option to acquire a 100% Working Interest, delivering an initial 80% Net Revenue Interest until payout, in a Coal Bed Methane (CBM) gas project located in Virginia.
ADVERTISEMENT
The CBM project is part of a Mississippian age coal basin in Virginia, east of the Appalachian Mountains approximately 40,000 acres in size. The coals consist of two dominant seams sixty feet apart, the Merimac (3+ ft thick) thick and the Langhorne (11 ft thick). These Coal seams outcrop at the edge of the basin and reach a depth of 5,000 feet in center.
What gives this project even more distinction is the fact that it is situated with a pipeline that runs down the center of the basin providing a 4 mile maximum distance to any well. Additionally, being east of the Appalachians should generate a product price that is $0.50 to 0.75 higher at the wellhead, for each MCF of gas, due to the minimal pipeline transport needed to get to East Coast demand centers.
Three core-holes were drilled in the 1980's to test coal in the basin. The lab results showed the coal to have a gas content of 200 to 400 SCF/ ton equating to 1.5 to 2.2 BCF gas in place per 160 acres. The project is expected to be drilled on 80 acre spacing with each well recovering approximately 0.5 BCF per 80 acre location.
Mr. Francis Biscan Jr., President of American Stellar Energy stated: ``We have now identified another viable project which gives us project depth, maintains our low risk strategy, and provides a substantial growth opportunity.''
CBM accounts for a significant increase in the gas production for the United States. Viewed in the late 1980's as an unconventional gas source, today CBM accounts for 57 percent of the overall growth in U.S. natural gas production.
The option was acquired through Armen Energy LLC, a privately held company in which Mr. Francis R. Biscan Jr., President of American Stellar Energy, holds a minority interest.
Certain statements in this news release may contain forward-looking information
Thank you shadow...hweb2...are you familiar with canadian energy trusts for US citizens' IRAs? Is the dividend taxed in Canada? any thoughts would be nice.
KOZ, Niles Crane or anyone else...can someone recomend some Canadian Energy Trust stocks and the approximate APR dividend (I know they pay monthly) and can you put them in a US Roth IRA or reg IRA. My cousin wants to give his daughter a college graduation present and I thought this idea would be better than a mutal fund. I know EEEA has been discussed, but a few other recomendations would be helpful. TIA Mark
Can't read 389 pages today, but is it your interpretation they will be coming out of bankruptcy and there will be value in the stock? The only post that worked from message with several links was from St Louis paper saying that the hearing was Apr 21, so I guess that has changed in the Fed BK filing.
They still have not filed so the e remains for now. Sounds like the kids in the sandbox are having to play nice or else. I think moving on to more valid plays is in order...building a position in PRRPF on news coming out soon
EGSR news is out...sounds like kids in a sandbox are forced to make up. I am building position in PRRPF and I will forget about EGSR for the time being...They still have not filed
Never thought of this. Phelps Dodge sells town after mine closes
B.C. ghost town sold to U.S. company
Camille Bains
Canadian Press
January 25, 2005
VANCOUVER (CP) -- The houses are quaint, complete with manicured lawns and tricycles in the yards ready to go for a spin. Interiors boast the latest in home design -- plump shag carpets, big, brown TV sets and loud wallpaper.
This picture painted by a real estate agent of what could be a movie set of another era is actually the ghost town of Kitsault, where no one has lived for over 20 years although some houses remain furnished.
About 1,500 people moved to Kitsault in the early 1980s after Amax of Canada built the town to support a nearby mine.
But the mine was closed two years later when prices tumbled for molybdenum, an ore used to make steel.
Now the entire abandoned town of 130 hectares has been sold.
It includes a shopping centre, a hospital with a still-wrapped X-ray machine, a library stocked with books, two recreation centres, a swimming pool and sauna, a curling rink, a pub and 92 houses along tree-lined streets.
Kitsault Resort Ltd. of Virginia bought the town from American copper giant Phelps Dodge, based in Phoenix.
"We are pleased that we were able to find a buyer and we think the site has potential as far as future plans," said Ken Vaughn, a spokesman for Phelps Dodge.
Rudy Nielsen of Niho Land and Cattle Co., the real estate agent in the deal, wouldn't reveal how much the town was sold for but said it went for less than the asking price of $7 million.
Nielsen said the new owner, who didn't wish to comment, hasn't yet decided how the site will be developed.
The company is currently hatching a business plan with input from the Nisga'a, the local First Nations group.
"The owner's going to take his time and come up with a proper development plan for the highest and best use for the town," said Nielsen.
For Nielsen, Kitsault, about 800 kilometres northwest of Vancouver, is like a little slice of heaven.
"It's just one of the most picturesque places you've ever seen," he said of the town ringed by mountains, a dense evergreen forest and ocean views.
"It's like meditation," Nielsen said of the tranquillity he has experienced in Kitsault. "I don't know how to meditate but I think this is about as close as you'll get."
But the town also evokes an eerie feeling -- "in a good way" -- because no one except two caretakers live there.
"It's almost like somebody plucked all these people out of this town and everybody just disappeared."
Nielsen said he's received sentimental e-mails from former residents of Kitsault, who learned about the sale of the scenic town.
Kitsault is the third town in British Columbia to be offered for sale in recent years. In 2000, Tumbler Ridge was sold one house at a time, netting sellers over $25 million.
The town of Gold River was also sold piecemeal the same year.
© Canadian Press 2005
NMKT News
25-Jan-2005
Entry Material Agreement, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement
On Friday, January 15, 2005 a definitive agreement to acquire Gaozhi Communications of Shanghai, China, was executed by NewMarket Technology and the Shareholders of Gaozhi Communications. This acquisition is the first step in an overall strategy to extend the NewMarket business model into China. The agreement is currently under a routine review by Chinese authorities and will be released promptly in an amended SEC Form 8K disclosure once the review is complete. The purpose of this correspondence is to inform shareholders in an SEC Form 8K disclosure of the transaction in the review interim period pending the release of the definitive agreement.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS
I have 5 screens set up thru etrade's marketcaster of 20-25 stocks each that I watch. Most are mixed with green and red, but after China posted 9+% GDP all but 2 on my China watch list are up. I do not own any China stocks at this time, but with todays rally these stocks are doing well.
It has a very un-informative website and appears to be a one man operation.
(FLUFF..Montana has a strong commitment to its shareholders and the communities where it operates. The Company is committed to high standards of social and environmental responsibility wherever it does business).
Why are you so positive on this stock? Why not one of the other partners that are at least run by oil men? Not bashing, just trying to see what you see. Now with O&G so high, a whole lot of start ups with good intentions and no history are coming to market. 80% inside ownership scares me as well. They could turn around and take it private.
Just received this from EGSR
To all: We have been granted a filing extension to make some final 10Q adjustments to comply with the Sarbanes-Oxley rules. The auditors thought they would be finished last week but they now say the report should be finished this week. We will do everything we can to get this report filed as soon as possible.
To unsubscribe, click here
BOBWINS....ERHC...I wonder how big a pop it could get with soooooooo many shares and no revenue in the forseeable future and their debt...629 million shares
Do you have an opinion on JDO's ipo for JPM. JPM will have 2 million shares offored at $5.10 with a warrant to puchase another share @ $5 to shareholders of JDO Jan 31. JPM is 50-50 with Fellows Energy in the WY CBM project to start this spring.
I spoke to company today (Fri) and said the filings would be made Mon (last day) to avoid delisting. I hope so. Scott was out of town till Mon and can't remember the guy's name I talked to, but he said the company is very aware of the situation and fully expects for it to be filed Mon.
JDO had a bad quarter, but is in cooperative agreements with EENC (currently around $18.20 and is making money) and maybe the way to play the WY projects is to buy JDO to get JMG shares. JMG will have a much lower float than FLWE in the 50-50 venture. JMG will have 2 million shares (IPO $5)and JDO has 10 million (currently around $17.25) and FLWE has 42 million at $.80. Any thoughts?
JMG will be the operator in 50-50 with fellows..
Friday January 21, 9:00 am ET
JED Shareholders Have Opportunity to Participate in the IPO
All Dollar Amounts Quoted in This News Release Are in U.S. Dollars
CALGARY, Alberta--(BUSINESS WIRE)--Jan. 21, 2005-- JED Oil Inc. (Amex: JDO - News) and JMG Exploration, Inc. today announced the proposed initial public offering of JMG Exploration, Inc. ("JMG"), a U.S. exploration company. Subject to regulatory approvals, JMG plans to offer to JED's shareholders one unit of JMG for every five shares of JED owned as of February 1, 2005. Each unit will be priced at $5.10 and will consist of one share of JMG common stock and a stock purchase warrant entitling the holder to purchase one share of JMG at $5.00 per share. The warrants expire one year following the completion of the JMG IPO. The registration statement JMG filed with the SEC on October 29, 2004 with respect to its offering will be amended to reflect these changes. It is expected that the common stock and warrants will trade independently. JMG has applied to list these securities on the ARCA Tier II.
ADVERTISEMENT
By way of example, if a JED shareholder owns 1,000 shares, that shareholder will be entitled to purchase 200 units consisting of 200 common shares of JMG and 200 warrants entitling the holder to purchase one share of JMG at $5.00 for each warrant held within one year from the effective date of the registration statement.
As previously announced, JED invested $1,000,000 to purchase 250,000 common shares in JMG and originally negotiated a right for JED shareholders to purchase shares in JMG by way of a rights offering. Under the prior arrangement, JED shareholders were to receive a transferable right to purchase one unit for every five shares of JED owned as of a record date to be established. The unit was priced at $4.00 and was to consist of one share of JMG common stock and one warrant to acquire an additional share at $4.25 per share. It was determined that restructuring and pricing this offering as an IPO would be more feasible from a regulatory standpoint.
"Due to the complex regulatory requirements of a cross border rights offering to JED shareholders, JMG's Board determined that an IPO directed to JED shareholders accomplishes the same goal of allowing JED's shareholders to participate in JMG. Therefore shareholders of JED on Feb. 1, 2005 will be entitled to purchase from Gilford Securities, JMG's IPO underwriter, units in JMG Exploration, Inc.," stated Reg Greenslade, Chairman of JED.
In addition to JED's $1,000,000 investment, JMG has been financed by way of private placement of 1,950,000 convertible, partially redeemable preferred shares resulting in a pre-IPO capitalization of $8.8 million. The original plan called for the redemption of up to 80% of the preferred shareholders' initial investment. Due to the significant inventory of prospect opportunities, JMG will not be redeeming any of the preferred shares, rather the preferred shares will be converted into common shares. If any of the JED shareholders do not participate in the JMG IPO, those units will be offered through Gilford Securities to the public.
If all of the JMG units are sold, the capitalization of JMG will be JED owning 250,000 common shares, JED shareholders and others participating in the JMG IPO owning 1.9 million common shares and the current JMG preferred shareholders owning 1,950,000 common shares. There is also an over allotment option of 285,000 shares in the IPO, which if exercised would result in JMG's total capitalization of 4.385 million shares of common stock, 1.95 million warrants exercisable at $4.25/share, 487,500 warrants issued to JMG preferred shareholders exercisable at $6.00/share and 1.9 million warrants exercisable at $5.00/share with an over allotment of 285,000 warrants also exercisable at $5.00/share. On a fully diluted basis, assuming the exercise of all warrants and conversion of preferred shares, 9,007,500 common shares would be outstanding. JED will be represented with two seats on the five member JMG Board of Directors.
It is anticipated that JMG will be active in both the U.S. and Canada. Participation in JMG will provide JED with additional development opportunities that supplement the ongoing acquisition efforts of Enterra Energy Trust ("Enterra") (NASDAQ: EENC, TSX: ENT.UN). JED will continue its joint venture work with Enterra on its current properties and any properties acquired in the future. "Our partnership with and investment in JMG, adds a new and timely dimension to JED's growth prospects," said Al Williams, President of JED.
If JMG's exploration efforts result in the discovery of commercially viable reserves with the potential for a substantive development project, Enterra will have the right to purchase up to 80% of the property and both Enterra and JMG will enter into a joint venture or farmin arrangement with JED for development of the properties. "JMG gives our shareholders the opportunity to invest in an exploration venture as well as providing development opportunities to JED once the exploration risk has been mitigated," concluded Mr. Greenslade.
Established in September 2003, JED Oil Inc. is an oil and natural gas company that commenced operations in the second quarter of 2004 and has begun to develop and operate oil and natural gas properties principally in western Canada and the United States. JED does not anticipate direct property acquisitions, rather it develops properties with other oil and natural gas companies under joint venture/farm-in arrangements in which JED will finance the cost of development drilling in exchange for interests in the revenue generated by the properties.
Most on this board like small floats, generally under 10 million. Small floats lead to larger moves and splits down the road (I am not talking about sub-dollar stocks of course) Personally I think companies with under 30 million with revenue are acceptible. I have been told that institutions like companies with around 100 million for liqiudity purposes, and more than that one has to consider many more things
RRainman...I was looking for Jim Rogeres International Commodities Index and came across Rogers Sugar (RSGUF.PK), not related to Jim Rogers. It is similar to the Energy Trusts but is for sugar. It has a $.40 dividend and closed at US$3.85 but does not trade hardly, but the Toronto stock trades in volume
Latest price (Jan 18, 2005 15:42 EST) CN$ 4.78, Volume 693,500
ROGERS SUGAR INCOME FUND
ROGERS SUGAR INCOME FUND is an open-ended, limited purpose trust established to hold all of the common shares and notes of Rogers Sugar Ltd.. Rogers is a refiner, processor, distributor and marketer of sugar products in Western Canada.
Find Out More
• Chart
• News
• Stock Today
• Price Reports
• Financial Reports
• Price History
• More Snapshots
• Add to your Stocklist
Industry: Consumer Products (Food Processing)
Symbol: RSI.UN
Exchange(s): Toronto Stock Exchange
ANNUAL FINANCIALS
Sep 30, 2004
12 Months
C$ Sep 30, 2003
12 Months
C$ Sep 30, 2002
12 Months
C$ 3Yr.
Growth
% Change
Total Revenue ($000): 428,421 419,743 35,065 278.91
Earnings before Interest & Tax ($000): 57,728 37,627 34,235 N/A
Profit/Loss ($000): 43,145 22,233 31,869 N/A
Earnings per Share: 0.42 0.20 0.47 N/A
Total Assets ($000): 663,017 658,068 533,009 31.56
Dividends Per Share 0.40 0.48 0.44
Return on Com. Equity: 10.48 4.94 8.19
Employees: 602 N/A N/A
Trailing 12 Month Results
12 Months ended
Sep 30, 2004, C$ 12 Months ended
Sep 30, 2003, C$ %Change
Total Revenue ($000): 154,875 134,130 15.47
Profit/Loss ($000): 43,010 22,890 87.90
Earnings per Share: 0.46 0.21 119.05
Dividends Per Share 0.40 0.48
Number of Shares: 88,779,760 88,779,761
COMPANY INFORMATION
Report on Business Magazine Top 1000 Ranking
Profit: 0244 Revenue: 0635 Assets: 0277
Contact Information
Address: 4026 rue Notre-Dame Est,
Montreal,
QC,
H1W 2K3 Phone: 514-940-4350
Fax: 514-527-1610
Web Address: www.rogerssugar.com
E-Mail : infos@rogerssugar.com
Investor
Relations: Dan Lafrance, 514 9404350
Company Type: Public Company Status: Active
Auditors: Kpmg Llp
Transfer Agent: Computershare Trust Co. Of Can Toronto
Incorporation: Ontario, Sep 15, 1997
RRainman...CPO splits 2 for 1 at the end of the month..corn products...not micro but excellent company
BOBWINS...this from a newsletter I get. Notice nuclear. Might be the reason it has gone up
For now, I’ve compiled two tables for you. One shows the sectors of the economy that actually increased their trade in November (in goods trade, as opposed to services). The other shows the largest percentage increases in goods trade between November and October.
Both support our basic investment strategy for 2005: Buy capital goods, hard assets, and natural resources:
10 Largest Nominal Increases, Month Over Month
10. Meat and poultry, +$20 million
9. Parts, civilian aircraft, +$29 million
8. Farming, unmanufactured, +$30 million
7. Animal feeds, +$34 million
6. Gems, diamonds, +$36 million
5. Chemicals, inorganic, +$39 million
4. Chemicals, organic +$56 million
3. Petroleum products, other, +$82 million
2. Nuclear fuel materials, +$133 million
1. Artwork, antiques, stamps, etc. +$147 million.
9 Largest Percentage Increases, Month Over Month
10. Oil seeds, food oils, +9.2%
9. Chemicals, inorganic, +10%
8. Maritime engines, parts, +10.6%
7. Nonfarm tractors and parts, +14%
6. Animal feeds, +14%
5. Electric energy, +17%
4. Agriculture farming, unmanufactured, +22%
3. Art, artwork, antiques, +48%
2. Numismatic coins, +50%
1. Nuclear materials, +126%.
Niles Crane...FLTK..great pick and looked hard at it when you first mentioned it at $1.50 or so. Have you looked at MXLK.OB. I have it on my watch list but will not buy yet. They did a reverse merger with an oil field technical equipment company. The technology is propriertary. It might be one to watch once they get going...Mark
EVDR...I bought a few K at $1.04. I talked to IR at some length and these are my thoughts. First it's a pink, but they expect to be on AMEX soon. Their bikes are currently sold in 5 SAMS Clubs, but SAMS want to offer them in 50 and the company is just starting & expects to fill their request asap. The big news for me was they have recently been approved for sale of their electic motor scooter in the EU (28 countries). They can recharge in an hour if not fully drained, and if so, plug it up overnight. Currently being manufactured in China but IR said good news out soon on that situation. They currently have an EU disributor that will be folded into the company later that has set up dealerships all over the EU. Scooters are very big in Europe-- one model will only do 30 mph but has good demand (excellent for rentals I assume), and GS model has a 50mph top speed. Excellent looking bikes on the website. Expect to sell as many as 20K this year. They are shipped to dealers FOB with a profit margin of maybe US$300 ea. EVDR currently has 30.5 million shares with a float of 10 million. They still have 2 million in financing so company is not expecting PIPE or other financing at this time, but the Q financials will be out at the end of the month. I would appreciate any feedback. Mark
LEN..LOL...I couldn't figure out how a home health care company relates to the electic scooters I mentioned until I see they sell mobility vehicles....electic wheel chairs (scooters). I guess apples and oranges are still fruit huh?
EVDR...I bought a few K at $1.04. I talked to IR at some length and these are my thoughts. First it's a pink, but they expect to be on AMEX soon. Their bikes are currently featured in 5 SAMS Clubs, but SAMS want to offer them in 50 and the company is just starting & expects to fill their request asap. The big news for me was they have recently been approved for sale of their electic motor scooter in the EU (28 countries). They can recharge in an hour if not fully drained, and if so, plug it up overnight. Currently being manufactured in China but IR said good news out soon on that situation. They currently have an EU disributor that will be folded into the company later that has set up dealerships all over the EU. Scooters are very big in Europe-- one model will only do 30 mph but has good demand (excellent for rentals I assume), and GS model has a 50mph top speed. Excellent looking bikes on the website. Expect to sell as many as 20K this year. They are shipped to dealers FOB with a profit margin of maybe US$300 ea. EVDR currently has 30.5 million shares with a float of 10 million. They still have 2 million in financing so company is not expecting PIPE or other financing at this time, but the Q financials will be out at the end of the month. I would appreciate Len, Hweb, or Bob's or anyone elses input. TIA Mark
BHSR.OB......Guy, I bought in early for 5K at $.24. Initial news release said relevant news out on Tuesday so I am in whether I like it or not since it dropped to $.17. $%^@#, sold my STTC last week at $.17 to free up some cash.
BHSE.PK I am wondering why this hasn't moved...currently $.24...any reply appreciated
Fortune 1000 Group Makes a Proposal to Acquire all The Outstanding Shares of Bach-Hauser
Friday January 7, 10:30 am ET
MONTREAL, Jan. 7, 2005 (PRIMEZONE) -- Bach-Hauser (Pink Sheets:BHSR) announced today that Fortune 1000 Group, a publicly listed company on the TSX Venture Exchange symbol FRT, has made a proposal to the company to acquire all its outstanding shares. The directors of Bach-Hauser believe the acquisition price should not be under $1.00 USD per share. This price is predicated on Bach-Hauser's present revenue and projected revenue based on POS (point of sale) terminals presently active in the field and under contract to be installed this year.
ADVERTISEMENT
On Tuesday January 11, 2005 the company will issue a press release regarding revenue and revenue projections. The company is also aggressively targeting other companies in the same industry for acquisition.
About Fortune 1000 Group
Fortune 1000 Group, with head offices in Sainte-Foy (Quebec), is a leader in the development, sale and support of accounting, commercial and banking management systems.
About Bach-Hauser, Inc.
Bach-Hauser, Inc. through its wholly owned subsidiary DM2 Technology is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies
Sorry...AMEX SHO link...also a technical question...when the RSI crosses 70 is that the time to buy or does it signal a top, or do you have to take it in with stochastics and others. TIA Mark
Can someone supply the NYSE & AMRX SHO links? Thanks
PAX...closed at $1.95 today on heavy volume. They have PAX TV as well as 60 TV stations. An appraisial just came out valuing the local tv stations only at $3.65 billion (they are in the 10 largest markets). 72 million shares and the float is 7.9 million with 1.37 million shorted (17%). This thing has been for sale for ever, and they are awaiting a court ordered ruling by the FCC about their stations being ruled must-carry any day now. I think they should be in bancruptcy from what I see of their debt, but the appraisal supposedly values the stock around $4 to $6 depending on who says what, and the appraisal does not include their video library or PAX-TV (cable and satelite subscribers). I think this could be a short squeeze if the FCC comes out with news agreeing with PAX that their stations are in the must-carry class or maybe even with renewed interest from the appraisal. No position, but may buy if it holds over 2 tomorrow Any thoughts would be appreciated, even if its "you're nuts Mark"
Marvel..How many shares outstanding & float....Is Simmons personally going to buy the 240K shares for C$1 from that put transaction or the company by Jan 31? TIA MArk
Reference for upcoming FDA Aproval from another board
A compilation of biotechs to watch in 2005 from Adam Feuerstein
FDA Approvals/Filing Dates
American Pharmaceutical Partners (APPX:Nasdaq - commentary - research): Abraxane, breast cancer, Jan. 8, 2005;
Cyberonics (CYBX:Nasdaq - commentary - research): VNS Therapy System, depression, Jan. 31, 2005;
Discovery Labs (DSCO:Nasdaq - commentary - research): Surfaxin, respiratory distress syndrome (pediatrics), Feb. 13, 2005;
Millennium Pharmaceuticals (MLNM:Nasdaq - commentary - research): Velcade, second-line multiple myeloma, March 29, 2005;
Celgene (CELG:Nasdaq - commentary - research): Revlimid, FDA filing for myelodysplastic syndrome (5 q minus), first quarter 2005. Revlimid, multiple myeloma phase III, second half 2005;
Cephalon (CEPH:Nasdaq - commentary - research): Nuvigil, narcolepsy, sleep apnea, shift work sleep disorder FDA filing, first quarter 2005;
Amylin Pharmaceuticals (AMLN:Nasdaq - commentary - research): Symlin, diabetes, March 20, 2005. Exenatide, diabetes, April 30, 2005;
Adolor (ADLR:Nasdaq - commentary - research): Entereg, post-operative ileus, April 25, 2005;
ImClone Systems (IMCL:Nasdaq - commentary - research): Erbitux, FDA filing for head and neck cancer, second quarter 2005.
Clinical Data
Aphton (APHT:Nasdaq - commentary - research): Insegia, gastrointestinal cancer phase III, first quarter 2005;
Genaera (GENR:Nasdaq - commentary - research): Squalamine, age-related macular degeneration phase II, first quarter 2005. Squalamine, age-related macular degeneration, phase III, year-end 2005;
Corgentech (CGTK:Nasdaq - commentary - research): E2F Decoy, coronary artery bypass graft failure phase III, early 2005;
Cell Therapeutics (CTIC:Nasdaq - commentary - research): Xyotax, non-small-cell lung cancer phase III, first quarter 2005;
Axonyx (AXYX:Nasdaq - commentary - research): Phenserine, Alzheimer's disease phase II, first quarter 2005;
Encysive Pharmaceuticals (ENCY:Nasdaq - commentary - research): Thelin, pulmonary arterial hypertension phase III, February 2005;
Biogen Idec (BIIB:Nasdaq - commentary - research), Elan (ELN:NYSE - commentary - research): Tysabri, two-year multiple sclerosis data, first half 2005. Tysabri, Crohn's disease phase III (induction), rheumatoid arthritis phase II, midyear 2005;
Antigenics (AGEN:Nasdaq - commentary - research): Oncophage, renal cell cancer phase III; second quarter 2005;
CV Therapeutics (CVTX:Nasdaq - commentary - research): Ranexa, angina phase III, second quarter 2005;
Transkaryotic Therapies (TKTX:Nasdaq - commentary - research): I2S, Hunter Syndrome phase III, June 2005. Dynepo, oncology phase III, first half 2005;
Onyx Pharmaceuticals (ONXX:Nasdaq - commentary - research): BAY 43-9006, renal cancer phase III interim analysis, first half 2005.
Abgenix (ABGX:Nasdaq - commentary - research), Amgen (AMGN:Nasdaq - commentary - research): ABX-EGF, third-line colon cancer study, second half 2005;
Cypress BioScience (CYPB:Nasdaq - commentary - research): Milnacipran, fibromyalgia phase III, third quarter 2005;
Genentech (DNA:NYSE - commentary - research): Lucentis, age-related macular degeneration phase IIII, third quarter 2005. Avastin, front-line lung cancer phase III, second half 2005;
Allos Therapeutics (ALTH:Nasdaq - commentary - research): Efaproxyn, brain metastases from lung cancer phase III, fourth quarter 2005;
Telik (TELK:Nasdaq - commentary - research): Telcyta, ovarian non-small-cell lung cancer phase III, fourth quarter 2005;
Dendreon (DNDN:Nasdaq - commentary - research): Provenge, prostate cancer phase III, second half/fourth quarter 2005;
Pharmacyclics (PCYC:NYSE - commentary - research): Xcytrin, brain metastases from lung cancer phase III, second half 2005.
Northfield Laboratories (NFLD:Nasdaq - commentary - research): Polyheme, blood substitute trauma phase III, year-end 2005;
CancerVax (CNVX:Nasdaq - commentary - research): Canvaxin, melanoma phase III, end of 2005.