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Nice job. That secondary got completely blown off. I took my 6 bagger off the table and will be looking to buy on some weakness. Stupid Greekness should help.
So where did they come from????
What was that weak ass letter about? Why doesn't he just say "we got debt financing due to the two companies profitability"? Does he need CEO coaching? That was vague to the point of weird. Furthermore, there is some serious overhang. I tried to tell Van at .18, that some patience would be rewarded. I'll be adding soon.
The shares he has yet to PR. The difference between the t/a's 455m and December's 289+150 for the financing.
Share structure sure is heavy. Would love some info on those 120 million extra shares. Still holding on.
http://www.isaac.com/contact-commercial-real-estate-san-diego.php
This financier appears to be real. So does the 8-k.
Wow, the financials are eye-opening to say the least....I went through a 5 month wait with NEP, but it paid well over 100% when it came in.
Yes, this makes sense to a certain degree. One problem, small caps and emerging market stocks carry a higher risk discount. Therefore, the PEG ratio can not be directly applied until the market caps increases.
Excellent, thank you. Where can I get more info on WFDS? I would like to read more.
Yes, clearly. Thanks for the sarcasm, I appreciate it. The price will not be .025 at the open.
Once they start fully reporting, this price will be a distant memory. Not to mention, the top-line base forecast is for a 2000% increase in revenues, with the potential for much more.
The valuation of the acquisition is a bit overstated. First of all, they valued the debt and financing at .01 per share when they did that deal. That was 200mm shares for 300k in debt and 1.5mm in financing.
The shares issued to Hannover are restricted, while the shares for debt are not. It will be interesting to see how much overhang this may cause. It makes sense that the financiers know the intrinsic value of the shares, and are willing to hold for a proper valuation. Why else would they be willing to fund the company; they clearly recognize the upside.
All in all, a good start, I believe this should head to the .20 area by the uplisting maybe by the second quarter. A very nice opportunity. I am going to add more on Monday.
Fiddler, I hear you. But it just doesn't matter. .30 or 1.30, the underlying story is the same. Daytraders can come in and do what they want, that's what helps make a market. But if you are in for approval and then some, the day to day price is irrelevant, unless you are looking to bargain shop. In fact, I appreciate the shorting, because I like to add when it's too low. Who was complaining at .35? Should have been adding.
I'm not hung up on anything. I won't sell my shares until at least the end of the year and probably not until they are acquired. I was mentioning it because it was his goal to target the 30 day response period. Sorry for bothering you with timelines.
30 days today. We should be getting another "package is in the mail" email soon.
Valuation is beginning to become attractive. I dabbled today. Anything near .05 is where I will really open the purse strings. It absolutely should not go below .04, at that point it would be trading for less than 10x trailing earnings. .20 is toppy, because that would be 10x 2010 projected income, if no shares go to the acquisition. $1.1 NI / 46.6 = .23.
My take:
The company has negative equity, thus all shares are currently underwater to the debt holders, and the closer the company gets to where they will to roll the debt, the shares will go down in price. It is essentially trading as an option on survival.
The contract spreadsheets appear to spread the contract over five years. That means the top-line impact will be about $18 million this year. With $44 million in interest payments annually, this contract will only be a marginal aid to relieving the debt burden.
This is a very short term play.
Like I said, got my shares under .11 valuation. Whoever is screaming dilution should wake up. Only 1 mm shares traded. Do you think they woke up today and said I'm going to raise $100,000? Dumb.
I stand corrected. Now if they became a real company and didn't have 8 trillion shares outstanding, maybe I would look at them. Can you make a real case?
I totally agree. But that goes for most China small caps. But if you know a stock by heart, better to trade just one.
Are you kidding? That POS is not on the OTC.
I'm really trying to gauge my risk tolerance with this one, because I'm crossing the line. I guess if it goes below .02, that will be another average down. If they toss up the audited numbers, it could be all over for this level. What are the odds we see the otcbb in 10?
Noted, but I would not take any pumping site's quote as gospel. I'll believe the CEO before the pumper.
This is a minor infraction. Company awareness is a must. If they upgrade the paperwork (I hate the faxed in docs, please email it at least), and make a good deal, then the current valuation is quite fair.
I hate to say this, because we are in pink-land obviously, but I am beginning to believe that this is a buy and holder. Them more I read this document, the more impressed I am. This is totally under the radar, the PR's don't move the thing.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=27997
Bought NBG yesterday. Nothing like getting into the fray. How much you want to bet that I make 50% on this Greek bank? Way, way undervalued, considering the majority of their business is in Turkey. That is how you read between the lines.
Nice work. I will add a couple things. Stock promos are typical 3rd party jobs. What they do is load up on shares, then dump some to a promoting company. Then the 3rd party dumps on the new buyers. Not atypical, and could, and I repeat could have occurred without his knowledge.
Second, he pretty much said that they would give shares to the new company. Why? They have no cash. Also, he pretty much said as much when he said that it would add value to shareholders.
Sometimes dilution is incredibly value-adding. Let's say you own 100% of a beat up old Ford, but now you own 50% of a Ferrari. Clearly your ownership stake is reduced, but is now worth substantially more.
I was hoping to hear some info on the structure of the acquisition. Last time I checked, conference calls were public information. That is why they have them.
This is hilarious. A CC to say that he can't say anything. WTF?
Alright, a good question!!! Any comments? Thanks Jay, for bringing the sanity.
Again, it is not the price, it is the market cap. How many times do I have to explain this?
Most small caps in March were trading for 20-40% of their current value. It was carnage if you recall. Look at an extended chart.
I highly recommend reading that presentation. Very enlightening about timelines, feasibility studies, environmental assessment, hedging costs, and reserve valuations. You guys talk about DD, here is a real life comp.
http://www.tasekomines.com/i/pdf/TKO_January2010.pdf
I'll give this one more try:
http://www.tasekomines.com/i/pdf/TKO_January2010.pdf
This is a producing mine, and has 11 million ounces of gold and 16 billion pounds of copper. This has a 700 million market cap.
It's one thing to be optimistic. But please, let's have thoughtful discourse on the board.
The price movement is pretty simple. There are no buyers right now. That's about it. I've been adding shares, but within reason until I see some audited financials. Trust me, as soon as those are filed, people will take notice.
I dabbled, that's it. Pre CC. Wanted to hear these guys before I really get involved.
Seriously Rickyboy, do you think this could have a market cap of 2 billion dollars? $1 may be doable, but let's be realistic.
Thanks! Got to mix in humor with the sarcasm. It's tough down here in manipulated pink-land.
Sure. The extra shares are the difference between the 275 million +50 million for the financing and the 453 that the transfer agent has outstanding. 120 million shares. I'm waiting for that filing.
Who is Fred??
It's pretty obvious that with the current share structure, it is going to take some hard filings to get some movement. I can wait, because I actually believe they are trying to build something. Doesn't smell like a dumping type company. Not some enviro-space-age-polymer-biofuel-nano company.
It's over for now. I'm out. After the split, subsequent pop, and monstrous shelf, along with the insider warrants at $5, this is now overvalued. I hope it comes back into a proper range, because I love the company. When Carlyle got that deal, I called IR, because I was shocked at how good it was. Well, now that is major overhang. If you add up 6 million shares at the current price for the shelf, 4 million for cheap Carlyle warrants, and the 17 post split, you have 27 million shares!! Take next years NI prediction of 22 million, ( a 50% bump due to a 50% revenue projection bump by the company) and you get a P/E of:
22/27= .81
17/.81= 21
The stock currently has a PE of 21. That is high for an emerging market small cap stock.