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What is going on???
There are no buyers for this stock - luckily, there are also no sellers. I think everyone has placed their bets and is standing firm. If news does not come out within the next month or so, then I think people will start bailing out. They typically have news every 6 weeks or so - it is time for another press release.
I tend to think they are up to something or they would have issued an update on the spinoff. I would be surprised if they just dropped it - they would have announced if it was not going to happen. Let us not forget that the spinoff may not be great for the stock, but it would at least give some confidence that management can fulfill one of their promises.
Does anyone have any news???
What is going on? Does anyone know someone that works at Equus? The World Education Partners Incorporated name expires this Friday, so we will see if they file an extension on that in Nevada.
I still feel good about this stock - especially with the $3.9 Million market cap now. It seems pretty cheap if anything turns out positive... they would not need much to make it worth $5,000,000 or so.
I just wish they would communicate with someone! It seems like they have locked themselves away - the only thing I can hope for is that they have news coming, and they cannot communicate with anyone due to having news upcoming. I think this spinoff will happen - it is just a matter of when. I was skeptical at the short timeline previously given; I think a few months is more realistic - maybe first or middle of March could happen. An update would help ease investor minds.
Lastly, it seems that Bert Watson has some pretty good experience managing REIT's - so maybe this is not such a bad move. Especially if they couple their mortgage business with the REIT business - would it be legal for them to take over properties (from a REIT perspective) from buyers who defaulted on their loans? If this were the case they could have an inside track on getting inexpensive property - depending on the type of loans that they originate.
Any thoughts on any of this? Or any thoughts on the outlook for EQUR?
Nevada Secretary of State...
Check the website for Nevada Secretary of State. The business name: Global Education Partners Incorporated (which was reserved by Steve Cunningham) expired on 1/25/2007. The business name: World Education Partners Incorporated (which was reserved by Steve Cunningham) is set to expire on 2/16/2007. This is most likely going to be the name of the spinoff company. We will know if they extend the name reservation or file a document under this name.
Maybe some news will come out soon; but I am losing hope. The good news is that the bid was up to 0.0385 today - it is inching back up.
Yeah, I'm holding long and strong.
I definitely think this stock will take a big run one day. I am not sure if it will hold, but I think it will happen. It amazes me how little information they give out. They should at least update us on the spinoff - even if it is to say that it is still unknown. It is just bad business to leave investors in the dark.
I think they just do not have experience dealing with public companies.
It is just reality setting in...
Don't get me wrong, I am positive on EQUR as a company and business model. The problem is that management has no idea of how to run a public company. There is a difference in running a public vs. private company - disseminating information to shareholders. This is what the management team of EQUR fails to understand...
They release news of a wonderful merger with Wealthcare. This merger even included a new CEO, CFO, etc. They release news a few months later that the merger fell through due to Wealthcare failing to issue EQUR a line of credit.
They release news of a spin-off to occur within 45 days. NEVER, NEVER, NEVER give a timeline that will not be followed without an update on the delay. We are now 90 days or so later with no spinoff nad no idea what is going on.
They release news of converting to a REIT with no indication of their capability of managing a REIT. I am not saying this is a bad idea or a good idea - because I have no data to back up either claim.
This is a public company and should not be run as a private company!!!
We are the shareholders and we deserve information - not worthless press releases every 6 weeks or so.
'Down Goes Frazier'
Once again it is being driven back down. Expect some decent volume once it gets below $0.04 - if anyone is willing to sell that low.
They need to announce something about the proposed spin-off, as investors are losing their last bits of confidence in management.
I'm not worried...
this is typical of this stock. It always drops back down to $0.04 then back up to $0.06. Someone is making some money on these swings; eventually news will come out though. That is what I am waiting on.
I figured that out pretty quick...
I guess I need an elementary education in humor. I think they will eventually split, but I am still not sure how good this will be for EQUR. I guess people always want "free" shares, so it might cause a little bump... but what do you think of the REIT? Will they announce when this change occurs or is it occurring now?
Where is the news? I did not see it.
Today is an interesting trading day...
For the past week it has traded decent volume at $0.06 - today it drops to $.045 on 35,000 shares. Interesting. Someone is definitely manipulating these shares. I wonder why? If they are manipulating to try and buy back shares cheap - then I would expect some large volume blocks to come through. But maybe they are dropping share price to buy a block from an individual holder - this would be dirty but seems like a tactic that EQUR might take.
Adding in my kids and friends... I know of 2 million
Then buy some and drive it up!!!
I already have my 1.5 million shares - I'm ready for the run!
Those numbers are for the new spinoff education company.
The company information on www.pinksheets.com has not been recently updated - so we are flying blind.
It is hard to soar with no info...
We still do not know how many outstanding shares there are; if they are making or losing money; what their balance sheet looks like; etc. We know nothing of this stock. If they released some information then it could be fairly values - maybe up or down, but fairly valued.
Is this good news??
It seems that they are just trying everything they can think of. At least they threw out a blurb about the spinoff - but no timing.
Does anyone think they have the experience to manage a REIT?
World Education Partners Incorporated
Our good friend Steve Cunningham filed for a name reservation in Nevada on 11/16/2006. It looks like this will be the name of the new company.
When will spinoff occur?
What will be the split? Will we get 1 share of the new company for every 5 shares of EQUR we own?
I don't understand why there is on more focus on the core buiness of EQUR. It seems they are focused on the educational front now - is the mortgage piece of their business dead?
Why do they all of a sudden need more money? Can they not buy this company with stock? This seems fishy to me.
Share Count...
The folling is from www.pinksheets.com
Outstanding Shares: 112,000,000 as of 2006-03-31
Estimated Market Cap: Not Available
Authorized Shares: 750,000,000 as of 2006-06-30
Float: 6,500,000 as of 2004-12-31
Number of Shareholders of Record: 500 as of
It was updated around September 1st of this year, but the data is only as of 3/31 of this year. Not really sure, but this is the best info that we have.
Let us know as soon as you find out. I have emailed Steve Cunningham, Randy Harris, and Bert Watson of Equus with no reply - multiple emails. They care less about their investors. Hopefully the new company will show that they care for those that invest their hard earned money on their company.
That is not the worst part...
Why no announcement? This is another situation of management letting us down. I am extremely disappointed with the upper management of this company. It seems like they have no experience.
I am hoping for the same thing. If they do not announce something in the next week - it will be seen as negative news. Let's hope they finally stick to something they say!!!
I'm hoping to get out around $0.20 - how about you?
Most transactions are buys...
Check your numbers and you'll see that most of the volume is on the buy side. Two days ago someone came in and bought 1,000,000 shares in about 45 minutes. These trades drove the price up to $0.09 per share - which means that it was definitely not insiders dumping shares.
What I think is that insiders are pushing the stock down then buying shares. For example, I think they drive it down to $0.04 or so - then buy large volume like the other day. As soon as the 1,000,000 shares or so were bought; there were no more buy orders there. This made is simple for them to drive the stock back down on low volume.
Since the stock started at $0.059, went to $0.09 - then ended at $0.05... people got nervous. I would argue that insiders picked up some cheap shares today.
Something is up with this spinoff I think. I would expect volume to pick up between now and the final spinoff. Insiders will buy shares (up to the spinoff) - then possibly dump shares after... or possibly they think the spinoff company will go up once it is a stand-a-lone company (which is my belief).
I still have some questions as to how they handle the issue of additional shares of stock. I would like to know their current number of outstanding shares; but current management will never keep that information up to date.
It seems to me that EQUR is dropping alot of lines in the water, and hoping that some fish will bite. They have the mortgage business, the medical loan business, the career education business, and now the child educational DVD business. This seems positive, but it is also a little unnerving in the fact that these businesses have little in common.
They seem to have confidence in the child education business; as they are rolling it out into the new company. This could also mean that the company they are taking over was in a cash crunch. We'll probably never know. What concerns me is that we do not know how or how much they paid for this merger to take place.
There is absolutely no way to value this stock. It is purely a roulette play. It could just as easily be a $0.25 stock as it could be a $0.02 stock - the problem is that there is no data available to make an educated valuation.
I have found that there is typically a reason that management chooses not to divulge financial information. I have almost 1.5 million shares - I'm playing around right now, but I would not invest in this (or any other Pink Sheet stock) if I were not able to lose this money.
Explain this to me. In one part it is listed as more of a partnership, then at the end it is listed as an acquisition. Exactly what is going on...
What do you think this will do for EQUR?
Also - there are now 112,000,000 shares outstanding (there were previously 30,000,000 shares). Do you think they will (or can) issue more stock as part of this deal? If so, they keep stealing my share of the company as they dilute my ownership position - without notification.
What do you think?
OUCH!! Today hurt!
No - it seems like there is more than enought...
I am not sure what to think. I think their problem is that they announce things too soon; like this spin-off of their education division. I think this is good news, but they announced it WAY too early. People expect something to happen, but it ends up taking forever so the stock drifts down.
I don't doubt that there is value in Equus - but I have no numbers to prove it. Just a gut feeling really.
Lastly, the slowdown in home sales and rising mortgage rates is like a dagger to Equus. If home sales pick back up and the government stops raising interest rates - then Equus will pick back up. Remember, 100% of the time that the government has gone through a "tightening cycle" - they have raised rates too high and ended up having to lower them back down some. Let's hope this is the case now.
I'm buying...
OUCH!!!
I'm waiting...
until they split off the educational company. I'm not sure if this will be great news or not; but at least it will be relatively big news.
They are pretty consistent with news; more is due out soon.
Check out their new website.
It looks good!! Finally some positive changes.
What is price target?
I am hoping for $0.25 as I previously said. I don't know how much the spin-off will impact things.
What is your best guess as to what the value of EQUUS and the Educational Company are worth?
Is EQUUS worth more than $5 million?
Will the Educational Company be worth more than $1 million?
I am having problems putting a value to this company. Is Equus even profitable? I have never seen any hard numbers.
This sucks...
There is absolutely no action. Did you notice that the last press release about the spin-off did not have the new management listed - it has the old CEO quoted. I wonder if the changes are in effect yet?
I wonder when more information on the spin-off will be announced?
What do you think this POS is worth? I am hoping for $0.25 per share. Any ideas?
Questionable stock action...
There is definitely some questionable activity going on; someone is trying to flush out sellers. I have had a buy order (not all or none) at $0.089 which has been passed up on several occasions by a trade at $0.08. This should not happen; very interesting. It seems someone is trying to hold the stock price at $0.08; I would surmise that they are trying to flush out some sellers so they can accumulate shares.
What do you think?
NEWS OUT!!!
They are going to spin off their education business. I really don't see the benefit in this; are they afraid that they were looking too much like a conglomerate?
Any guesses at what this will do to the stock price pre-spin off?
Also - any guesses at what the two companies will be valued at?
They must be making some progress on education contracts. I would hope that they were confident about revenues for the new spin off company.
This is a pretty bold move for a penny stock; however, I see this as pretty neutral.
We need REAL news.
WE NEEd NEWS!!!
Where is the news? Equus needs to step up the P/R and put out some news. They have so much hanging...
Where will corporate headquarters be?
What about the education contract?
PinkSheets.com update.
Financials.
They filed their annual report in Colorado on April 5th of this year... they need to let their shareholders know something.
I expect a PR pretty soon also... they are relatively consistent. There are a few potential positive catalysts coming soon...
1) The education contract with the company that they were in the "last stages" of signing. They need to report on the stage of this contract - be it good or bad.
2) PinkSheets - I expect the PinkSheets data to be updated within the next few weeks.
3) Financials - they are planning on releasing financials once audited. Hopefully they will be good... actually they have to be good because they are not required to release financials - and only an idiot would release bad financials in this case.
Hopefully something happens soon.
I already own about 1,250,000 shares; so I only need to buy another 250,000. This will not exactly drive it to the moon.
I'm buying...
I am buying this stock up - when I get a chance. I am hoping to get 1,500,000 shares of this company before it goes back up to $0.12. It is getting harder to purchase shares though - I am buying as much as I can at $0.08. Sellers are starting to dry up - it is just that there are no buyers right now. If a big buyer stepped up with a market order, then this stock could easily hit $0.12 again. I just hope I get my 1,500,000 shares first.
I wonder what is going on. I talked to the company a few weeks ago, and they assured me that they would be updating their information on www.pinksheets.com within a few weeks. In my mind, this should happen soon... I would think by or on July 1st. If not, they lied to me and I think they are smart enough to not lie to an investor.
They also said that they will be releasing financials once they are audited. Hopefully this will not take much longer.
I think the financials are the catylist for the stock price to explode. I will hold until they are released. I have right at 1,200,000 shares; and do not plan on selling until financials are released.
I suggest others to hold on also... at least a few more months. Why get out now before the information comes.
Strange Action Today!!
This does not make sense from a trading perspective. The stock was driven up pre-market, and opened at $0.11; only to fall to $0.07 later in the day. This makes absolutely no sense.
Why would anyone sell at $0.07 after someone else purchaed such a large block at $0.11. MANIPULATION is the key I think. I will NOT sell my million shares until this pig flies - my get out point is at $0.20 - $0.25. I think it will get there, as they are expecting to release financials soon. Since they are not required to release financials - only a complete idiot would issue bad financials, so I expect a runup then. I suspect insiders are playing with the stock price to try to buy back as many shares as possible before the runup.
Even following that logic, today's trading pattern makes no sense. Perhaps someone was expecting news to be released early this morning??
At any rate, this proves how fast this stock can move when a buyer steps up to the plate. They can have my million shares at $0.20 - $0.25... let's see this pig finally fly.