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Andy as advice from one poor college kid to another, make sure you have your exit strategy in place where you will get at least your initial investment back. This will save you a lot of extra stress.
I don't think we will have loss because they are taking care of all the proper financing.
Well since they are using accrual accounting they should have at least 2.4 million recorded for the cenergy sales. Then they have sales from other operations. Last year totaled 2.4 million in 6 months so that means 1.2 million a quarter. Add those two together and you get 3.6 but there is a drop off in revenue in the winter months for nutritional companies.
My guess is that they will be doing a late filing, also their probably not going to post a profit. What I am focusing on is an increase in revenue. If they have over 3.5 million in revenue in the first quarter, this will be huge. Mainly because going concern and cash flows should not be a problem. That for us, no dilution. This will make me very happy because we need to have the value of this company shoot through the roof so we get a great return on our investment when they sell the company.
Is it possible some of this selling action was because of the tier change to a lower listing?
So all that actually happened was that anyone that traded on your information is now guilty of insider trading. That's great.
Can you provide a link to your post?
How do you know?
Oh nope you are right. I must have gotten bad or mis-informed information from a majority shareholder.
That was the numbers before the offering, after the offering it is overwhelmingly in the shareholders voting rights because they were given 3 million shares of voting rights as listed on page 57.
http://ih.advfn.com/p.php?pid=nmona&article=55639970
Page 54 is the breakdown of new voting power.
MSLP will not sell right now and with Frost and his buddies getting on board I don't think that MSLP will be easy to surpass in the next few years. With FITX's model of building up a great company then getting bought out by a larger parent corporation will not allow it to surpass MSLP. While I do like Bill a heck of a lot more than Brad, Bill just has a different goal in sight.
While I was very bearish on MSLP I became Bullish with the Frost investment. Also I have had dealings with Gordon Burr one of the Board Members of MSLP and he is a very honest and bright guy. While the executive officers are complete idiots, their investors are not, and now have majority control over the decisions and the direction of that company.
It will be interesting to see what company out preforms the other over the next year.
I know I am just frustrated that they could not wait for another 17500 shares to be traded so my order would be filled.
I feel bad for the people that jumped in at the start. They are probably at close to 99% loss.
I was so pissed when I saw that. Part of one of my exit orders was filled and then CDEL came in and trade blocked me.
Yes! Now we have protected and reliable cash flows from revenue! Say hello to a low accounts receivable ratio that beats industry average. We will have a higher insurance expense but that just means less paid in taxes! I <3 this company!
I disagree with his assessment of the console market. Most of what we have seen the past few years is replacement sales. When the new consoles come put we will probably see a total of 140 million units sold across all carriers. AMD is going to have processors and graphics cards in every one.
Interesting take on the low power processors though.
Taki I will sell you 74k at .028 and 38750 at .011 if you want?
If we hit 5 million shares in volume I think that we will break a penny today! GLTA
IMO we will see product launch on either Monday or Tuesday. The reason is so that way they can ship the same day as the launch and fill orders for multiple days. Why would you want to launch when you can't ship your products? It makes no sense launch late in the week.
Look at the bid wacking volume. There has been maybe 10% of the daily volume all week being that. If you want to load up shares you will probably need to meet the ask.
I think that the product launch will occur on Monday so that way they can ship right away.
Well if you want to buy at a price someone needs to want to sell you at that price. You can always meet the ask.
Looks like someone just painted the end of the day with a trade less than 20 bucks. Probably trying to keep the pps down so they can load up more shares before the big move.
Haha she is a chem e I will come out net profit if we get a divorce.
No my girlfriend is because she is going to say yes!
COME ON PR LETS GO SO I CAN BUY MY GIRLFRIEND AND ENGAGEMENT RING!
Won't financials be due on march 15th because of their fiscal year ending on September 30th?
The last three trades were definitely puzzling.
Of course this is speculation but the Oct. report was done right after a sudden drop in price below where they bought in. I missed it by less than 30 minutes and if they were busy, (and it is reasonable to assume they were) then those reports would make sense. JMO that they are at a loss. We will see in the next report here soon.
I looked back a previous financials, and they had not bought shares. Then I looked back a PPS history and saw that they had probably bought the shares in late July and late August. So when they were releasing those reports they were at a 25% to 50% loss. (Oct 4 and Dec 13th) It may have been a pump but even still that suggest that they are at a loss.
This is from the supplemental information:
"Bill Chaaban CEO Director / President 26,000,000 Shares/500,000 preferred shares Series A 500:1 voting rights Employment Contract for Bill Chaaban for $12,500.00 dated April 1, 2012 (no salary ever taken since inception)"
So to me it seems reasonable to conclude that Bill is very interested in returning value to the shareholders.
"Jeff Thomas Vice President / Director 8,000,000 Shares Employment Contract for Jeff Thomas for $5,000.00 dated July 5, 2012 (no salary ever taken since inception)"
Same story
"Reid Stone Secretary / Treasurer / Director 25,000,000 shares/500,000 preferred shares Series A 500:1 voting rights Employment Contract for Reid Stone for $5,000.00 dated October 10, 2010 (no salary ever taken since inception)"
Same story
Here is the information about current majority shareholders.
"Joel Stohlman Shareholder 127,708,833 shares shareholder employment Contract for $10,000.00 dated October 10, 2010 (no salary ever taken since inception) Worked for a non-profit humanitarian and environmental organization, markets, owns, distributes, installs, maintains and manages some of the world’s most successful and advanced ecotechnologies. They have developed a superior technical staff and project management team with literally five hundred plus years of experience in design, implementation, administration skills and technological expertise.
Staff qualifications include multiple certified PE’s, Ph.D.’s and MBA’s. has strategically implemented his unique financial approaches which include State and Federal agencies, local Municipalities, US EPA regulators and the Investment community. This approach was critical toward achieving a seamless progression from public to private ownership regarding state-wide water utility services and management. Joel has consistently developed a number of significant alliances with environmental industry partners and International agencies. Worked since inception on Laufer Bridge/Creative Edge Nutrition, Inc. since 2008.
Ricardo Richardson share holder 15,000,000 shares $5,000 per month (no salary ever taken since inception)Co-founded the global foundation that assist government, municipalities and Non-governmental organizations (NGOs) deliver clean, safe drinking water through a proprietary biocidal water purification
and filtration system. Partnered for the exclusive production and distribution of the world’s first SOS Personal Purifier, and SOS Mobile Water Treatment facility. Negotiate and present to Presidents, Ministers of Water and Economic Development, and diplomatic leaders in Africa, India and the Caribbean. Worked since inception on Laufer Bridge/Creative Edge Nutrition, Inc. since 2008."
With backgrounds and a great understanding in financial management I feel pretty confident in these guys. So far I have not found anything taking about insider selling. But they have been able to attract a lot of capital from investors in Canada and Georgia. Also with Ricardo having experience in a start-up business I think that they will definitely keep a good credit score with lenders.
I honestly do not know but I am pretty sure that they would be the ones paying for the short reports to figure why they are at a loss. They are probably trying to figure out what was going on as well, and why they are not diluting too heavily to finance their operations. Also it makes sense that they have 268k in cash before their product launch.
Honestly I am glad they are at a loss right now because that means they will do whatever it takes to make sure they at least break even and then we will be at 300% profit at least from these levels!
Common FITX stay low so I can load up more when I get paid next! :)
I cant wait for the product launches and for this company to get more awareness! Then we will head for mars!
Just need to make sure they budget well and all will be well!
I am not so concerned with a ROE but more about cash flow and maintaining a good gross margin with appropriate financing. We may see some dilution to pay off debt but hopefully we get more revenue dollars than diluted dollars.
This is because of a merger, one is the parent company aka Creative Edge Nutrition, and the other is a merged company.
Lucky! Haven't been able to golf for over a month now. Its 5 degrees here! I think tomorrow is going to be a big day! I hope we don't have over 630 million in outstanding shares!
Oh TAKI you humor me. But I can wait to see this thing take off right now. The chart says boom!