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No News I can find
And dilution continues.
Going to try to get on the horn with the company to see if there are any tidbits of info.
Just as a note to people that private message me, unless I sign up I cannot private message back, just did not want anyone to think I was ignoring you.
The collapse of oil to prices where the oil that fills the barrel is less costly than the barrel itself is not good for alt energy companies or at a minimum is a headwind.
Was not commenting on Outstanding stock (dilution)..
When I stated the price fell 50% in the last three months and shares mushroomed , it was a poor choice of words. I meant to say Shares traded mushroomed (volume).
I do not think anyone knows the o/s stock situation here, even Kent had problems with it.
I was just pointing out that people are jumping up and down about how great all this is but all these contracts came along, and so on and the stock had the pop in the beginning and now is 50% cheaper months later, many contracts later.
That was my point.
Ben lurkin is going to explain his take on the contracts soon.
Also for the people that Private message me, i appreciate it , especially the business owner. but I cannot reply until i sign up for a paid account, sorry, just wanted to mention that so you did not think I was rude.
Bid down from .0006 to .0002 or .0003 in the last few months even since the contract announcements the holy war with Finra and the butt copier post. That is a decline of 50-66 percent.
I never hope for people to lose money. But I have seen people post like this before as the stock price declines and shares mushroom, it is always the same gig.
Really what should be done here is to get an insurance person to explain to you what these contracts mean. But no one wants to hear that of course.
That is why i asked Brooksy to explain it all to you.
As for financials, if the accounting firm is as good as they seem to be you will be surprised for sure!
Since you called the three companies Brooksy...
Please explain the mechanism by which TDEY gets paid.
Is your understanding that TDEY/ORTC gets paid for every AFLAC customer in the world? *as some have pointed out...
Or something different?
How exactly do things work with these contracts. You explain that as that is what it is all about right?
I did my own checking so ill compare notes with you.
Waiting for your next post..
(edited to be within IHUB rules)
RE Prior comments about Zenefits -
A prior comment was made comparing Zenefits to TDEY/ORTC
Note - if Zenefits lost customers to ORT then they are not companies that have been released so far.
The difference -
Zenefits is a benefit platform that is free. Thousands of businesses , (currently 10,000 or so) signed up. Even with 10,000 customers and hundreds of employees the total revenue is 20 million dollars. A great company, fast launch, great product but still only 20 million in revenue in comparison to some estimates here of 200 million for ORTC.
What do those ORT contracts signed say? Basically they say hey yes, we like your program for collecting and remitting payments from policies. We will allow you to sell our products and collect the premiums, which is why big companies like AfLAC signed a while ago. That is why there are no material revenues yet because it depends on the groups , the sign ups etc. I believe some of your are just multiplying the companies in the contract total customers by some revenue per month number and coming up with numbers that are not realistic.
Now, I am not totally negative on TDEY, but whenever people have unrealistic expectations others get burned and that hurts the stock. If EV is really out of this and Kent cleans up the outstanding stock as he says he is doing , even a modest , small income company in a cleaned up shell can move forward to higher levels.
But you have to be somewhat realistic because when those rosy revenue dreams do not come true, people will be disappointed.
A recent post by someone talking about why AFLAC has not contributed money or revenues yet (if you click on the post highlighted by that poster) is somewhat true. That is because AFLAC is not paying ORTC for all its customers all over the US and world, it is paying for customer that use ORTs platform (Kent has a good in with a 68,000 member group for example) . In order to collect monies in relation to insurance there are licenses and things that need to be done (that is true) and each state that may vary, but this does not mean all of the companies contracts lead to every customer of AFLAC paying ORT.
Hope this is clear. At least this is my take and that of people I have talked to in this field.
Zenefits is a platform, they offer payroll services , human resources functions, health insurance etc. They make money every time one of their 10,000 (current number of customers) purchases these things through their platform. Since people often pay for these services anyway they are not buying anything new and seeing value. Zenefits has approx 10,000 customers and hundreds of employees. Their annual revenue is supposed to be about 20 million dollars for the year ended 1/31/16.
Yeah I did look at things and I am shocked that people are posting about 200 million in revenue. Did you see that post? People are thinking somehow these large companies are all paying millions of dollars to ORT to use their system based on the total amount of customers they have across the US.
How can anyone that has done there DD actually believe that? That is what I am wondering. Can you explain what your idea of the revenue is? Id like to see it and see how close to reality it is.
The stock was .0007 three months ago . It showing as bid .0002, ask .0003 now, even if you say it is .00035 it is still down 50% since most of these contracts have been signed despite billions in shares trading.
The financials as "fixed" from the ones that did not balance do not reflect much if any of the supposed revenue from what you believe from contracts.
I do think there is some potential here. If the company had no revenues and no contracts the process of stock cleanup alone could help the share price as even empty shells have value. The contracts could lead to "some" revenue. Depends on how many people sign up for the offerings and how many small fees the company collects for processing payments on these policies in relation to their total cost.
A cleaned up company combined with modest potential could do "ok'. However, just as you think you know the story , the new one comes along about how this technology company that people are posting about 200 mil in revenue is now going to merge with some long distance cellular provider is just mind numbing.
Also give me a re-incorporation scenario that does not hurt existing shareholders? Id like to see one.
Love the artwork man! I agree , nothing here makes any sense IMO. Why dont people just call their insurance guy? I dont get it.
Has anyone asked KL if he is actually the one posting on the facebook page? How do we know the company actually runs that page? Is is legal to announce material information on facebook posts? Not sure on that one
Is he not in his 60s (at least). Do people down in Texas , who worked in insurance and computer technology all their life talk about photocopying their butt on copier machines? IF so I have never seen this type talk on public boards from company CEO's especially people his age.
While i understand people taking a chance with small money to make big money but how can those claiming to be putting much bigger money here (if true, cause in reality no one knows) not make a phone call or two to someone in insurance to talk about these "contracts" and what they mean. It would blow their entire bubble.
I certainly hope people make money here, I am not one to celebrate peoples losses or in the event something is amiss here, their being shafted but I think people should be wary of a lot here until a lot of things get clarified.
Look at the financials and the cash flow statement. Try to reconcile that with what people believe is the sale of a platform AND a million in licensing revenue.
Good luck to everyone!
I do not think Finra is dragging its feet. In my opinion this is probably why Kent is calling for a re incorporation or merger of some kind. Still find it hard to believe he said he would stick his butt on the copier. Who the heck talks like that. Is that Eddie on the FB page? Who knows.
I think it is possible FINRA thumbs downed this thing and that is why they are talking about something else now.
just my opinion
Agreed. Things should be clarified.
Wow just what everyone ordered! A tech company with insurance premium collection software to be merged to an international cellular provider! Who thinks up this lunacy.
If that is a real message it is crazy. The real money here is in writing a book for sure then the movie, anyone interested?
As others have pointed out , the company is a mess financially and diluting their stock to epic proportions. This is not an easy situation, and chances of failure are very high.
But all over the world people love this product, they even post to the facebook page of the company. It fits perfectly into so many scenarios where people do not have access to the electrical grid.
They only have a few months to sort this mess out. A capital injection of just a few million dollars will stop the dilution. Since there is still interest in the stock even with this mess the stock could go up quickly should the dilution stop.
There are a lot of moving parts but since when you buy the stock you already assume it might be worth ZERO on a no bid situation it is not really affected much by global market turmoil. Lots of people with good name stocks are getting slaughtered as well in this meltdown.
The moving pieces of the puzzle are getting the convertible debt eliminated, growing sales, getting the credit line renewed etc. It does not take a ton of money to clean up everything. There is certainly value here. The Indian Subsidiary 45% owners paid like 2 million dollars for 45% minority interest of just that part of the company. The company's market cap is like 250,000-300,000 dollars based on current prices.
As best I can tell there have been no posts to the Oak River facebook page by Ken since the end of the year.
Also that comment about how he owns no stock gets no pay but somehow makes his money once he sells ORC bothers me. What the heck is he talking about? How does he make money on a sale when he owns no stock?
Or does TDEY really own ORC? who knows, Inc.'s LLCs dissolved entities who knows.
Ken really does not seem like a bad person to me. Hopefully the new accounting firm and some help with the filings will make the path a bit easier for him and the info clearer because right now in my opinion it is pretty darn messy.
Article 1/4/16 Re India operation
INDIA OPERATION ARTICLE
Facebook post by Ken makes no sense
"Oak River Technology @ Jason Tran...do I believe? I own no shares of TDEY and everything I have done is to the benefit of shareholders and not one single move I have made benefits me personally. I get my payday the day we sell ORT. I get my money after you do friend. That is how much I am betting on ORT"
If he owns no shares of TDEY and he draws no salary ok fine. But if he sells the business he gets nothing since he owns no shares. What am I missing here? Is there some side agreement for him to make money if its sold? If so i would think that would need to be disclosed. If not , he has no clue what he is talking about.
I do not know anything about EV involved in this stock but have been doing a lot of poking around.
Everyone wants to make money and would love a TDEY replay of its big move a while back and I hope it happens for you.
However, for those of you who think you know what those contracts are saying I would advise you to contact and experienced insurance person or get in touch with those entities.
I saw some person here posted all these crazy numbers on revenues and maybe that is just a pump or maybe wishful thinking or maybe the person is just well not all that bright, but now this situation is clear as a bell to me.
I wish everyone luck but I certainly wouldnt want to be the people owning huge shares of this stuff with some kind of false understanding of the real facts , which have nothing to do with whether EV is involved or not.
For what it is worth, KL seems like a decent guy doing is best bumbling along through stuff that is new to him since he ran private companies most of his life being somewhat of a tech person so nothing bad to say there but I really think some of you need to make a few calls before you get in over your head.
Luck to everyone!
According the February 2015 release.....
Oak Rivers revenues were approx 500k for 2014 and 2013 and a net of about 98k so how did Kent have 13 employees? Also not sure if those are the numbers for each year (since they give only one set of numbers)or if they are the total of both years.
MOU between Kent's Oak River& Vasker's TDEY (Feb 2015)
Found one of the answers I was looking for . In February of 2015 this announcement was made, email at bottom I presume is Vaskers. There was a MOU (memorandum of understanding) regarding TDEY aquiring ORT.
The question is what was this deal? Do shareholders have a right to know?
3D Entertainment Holdings, Inc., Signs an Acquisition Deal With Oak River Technologies
Accesswire
February 5, 2015 8:55 AM
????
CHEYENNE, WY / ACCESSWIRE / February 5, 2015 / 3D Entertainment Holdings, Inc. a Wyoming Corporation dba 3D Eye Solutions Inc (TDEY) We are proud to announce that 3D Eye Solutions Inc completed its recent filings and is back to "current status" on the OTC Markets.
The management has signed an acquisition MOU with Oak River Technologies LLC., (dba) Employer Now Development Company (ENDCO). ENDCO is a technology and software development/design Company designed to process and enhance the processing and experience for insurance companies and their potential clients.
Oak River Technology (ORT) is a newly formed Nevada LLC as of October 2014. It holds the intellectual property known as the "system". ORT licenses this technology to the operating company(s) of ENDCO LLC (ENDCO) www.myendco.com and Universal Worksite Benefits Inc. (UWB)
Kent Linduff created a technology in 1999-2001 that allows the free flow of unsecure or secure data from numerous operating systems to a single database. The data can then be rerouted in a converted computer language or ad hoc reports can be created from this database. Patents were filed through Cox and Smith Law Firm of San Antonio Texas.
The company ENDCO was formed in 2000 to commercially market this technology to the Insurance Industry specific. The first version was utilized at Farmers Insurance, for Zurich Inc in North America, to tie together Zurich's multiple companies. This resulted in a hard/audited savings of Forty Two Million Dollars ($42MM) per annum. After this first success the system underwent a significant rewrite to allow enrollment in multiple carrier's products, premiums administration and reporting. Universal Worksite Benefits was formed as a Third Party Administrator or Bill Pay Administrator and went through the required Carrier and State legal and compliance requirements.
Endco has success in the enrollment marketplace with numerous industries.
"The technology allowed a complete transaction versus a partial transaction. Reduced cost for the carriers and employers and significantly reduced the time to process payments through the system from payroll to carriers' accounts. Full and legal compliance, reconciliation was provided by one entity for the first time in the marketplace versus multiple solutions. Best of all ENDCO was/is profitable in the small group marketplace which employs over 90% of Americans. ENDCO competitors are only profitable in large group markets," stated Kent Linduff, founder of the company and its technologies.
"The management feels comfortable to add a technology based company to the company's portfolio. The recent 2013 and 2014 financials of ENDCO shows a healthy $ 500K revenue model, with approximately $ 98K in Gross Profit. The recent developments in the Healthcare industry and ENDCO's recent new contracts with the insurance industry giants, makes our decision easy!" stated Mr. Tassan CFO, 3D Entertainment Holdings Inc.
"Our Company is always on a lookout for a good opportunity to grow our portfolio and add to the company's growth and shareholders value. Admittedly, our management does not have a vast experience in the insurance industry, and that is why we are excited to have Mr. Linduff and his team come in and run the wholly owned subsidiary. The key here, is to expand intellectual property option, and who can argue with growth and potential of this incredible new opportunity and the Expanding Healthcare Marketspace and Healthcare Services," stated Mr. Vakser, Chairman of 3D Entertainment Holdings Inc.
Our Company and the Management is excited to start a new year with several new developments and to explore new market segments and territories. We will continue to update and inform our shareholders of the completion of our acquisitions and projects.
Barrett Bott
CEO (TDEY)
About 3D Entertainment Holdings, Inc.
The Company continues its direction towards growth and expansion through Mergers and Acquisitions. The Focus is targeting Software and New Media Based companies and projects that are strategically similar to 3D Technology and its various genres. The company desires to invests and participate in Joint Ventures and acquisitions involving companies in social media and content distribution as well.
TDEY (TDEY) is fully focused on a 2D and 3D content media creation business with distribution of content through application and smart devices. Owner and developer of App3DTV found on smart devices which provide media content and entertainment. More information can be found on www.App3DTV.com.
App3DTV is 2D and 3D app available on Android for $7.99. The application that features 3D movies, music videos, and other media all at your finger tips. It is currently on beta test and it is scheduled to be on Kindle, Roku, and Apple shortly. To download the app go to: https://play.google.com/store/apps/details?id=com.ipointapps.app3dtv
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact Info:
ev24903@gmail.com
214-418-6940
SOURCE: 3D Entertainment Holdings, Inc.
About where i figured they would be. Probably a bit better than I thought they would be. Yeah its awful but this thing had a market cap of 160 million when it had 1/4 of the sales. If the market cap was 30 million it would be a penny a share now.
Still awful but still recoverable. I am researching another situation that already "retired" 4 billion in shares. Went from no bid up to .0008 at its high currently .0003/.0004 but looks interesting given the info I am reading.
Not impossible for company to come back from here. Will know in a few months or at the latest by mid-april.
For Serious People only...
Having looked at this for a few weeks I was able to do some initial due diligence but have a few questions.
1- The company open house video finally showed up on this page. It comes and goes for me for some reason but it is there. Does not look like many people there and as a few weird things in it (misspelling transparency , end statement etc) but overall it is there.
2- They do have a social media presence on Facebook which if you read provides some more info and answers.
3- I know this type of business, we have insurance people in our office , i also have a friend that designed a similar platform and is getting a lot of interest. It is good business to be in , if it is really there.
4- This is an odd situation where there are a bunch on inconsistencies but sorting through them leads to the possibility of what some bullish people here believe, a huge stock run could be possible.
5- Regarding FINRA delay. This year I received a notice they were closing on Dec 18th, they generally close early for the holidays and do not re-open for a bit, so things get delayed around the holidays so that part is normal. I personally do not think Kent should be posting these issues on the boards and facebook page in a manner that looks critical of Finra. They are govt people trying to do their job and the best way to get quick action is to always be respectful and persistent. I do understand the frustration of people when they get a list, then another list of things to do but this is standard stuff. A good attitude, and always respectful attitude helps in these cases. (just my opinion)
Some questions/concerns for serious people if you want to help me sort through them.
1- Oak River is described above in August releases as having been a subsidiary of TDEY. Kent has stated in other areas he has had 13 employees who have been with him for years, he had other addresses so I am assuming some operations were around before this past year (2015). Yet as a subsidiary of TDEY those operations should have been reported in some fashion on the TDEY financials which show virtually nothing going back 4-5 years. Either the operations would be summarized into the financials or something like an "investment in subsidiary would be shown" neither of which is the case. What is the situation here?
2- The 2.3 million dollar sales price to Chimienti. How is that accounted for? The company has 83k in cash and a 1,000,000 receivable, and does not look to have spent the difference on the income statement so where did the rest of te money go? It is possible it was used to fix the capital structure which might be unclear in the financial given that it took a few tries to get them right (current one at least balances).
3- Does anyone know the relationship (if any) between Kent and EV? I mean EV ran TDEY and Kent's company was a subsidiary (Again per the comments above the board but no evidence on the financials). Is there any evidence at all about Oak River being a sub of TDEY? From past releases TDEY was doing all kinds of things but I do not see Oak River mentioned anywhere? If they were how did that relationship happen and when?
4- Overall it seems holes in the information and big gaps and worries are what is keeping this from moving much higher. It would be good to get some of these questions answered and put the past in the back as I can assure you based on what I know the type of business they are in is one with possibilities. Though i think the contracts are misunderstood here and apply mainly to that potential pool of 68,000 texas people mentioned. Of which if 20% opt for benefits that is 13,600 customers but still a start.
So how can this go higher? Cleaning up these issues mentioned above would make me a buyer and other people as well. But also if it is true this is a clean shell with no debt and share cancellation of 4 billion shares (as mentioned on facebook page) and a profitable business, this could indeed possibly hit higher levels . It remains a high risk situation however.
I am interested in sharing info with anyone serious about looking into this stock .Apparently 3-4 people supposedly own 750 million shares (or so is stated)
I would advise everyone to do their own due diligence and realize how high risk this is only suitable for high risk capital and not that much money until details, filings and other substantive evidence gives more confidence.
yeah for this tiny group they work with in TExas no? Not all of Aflac customers. Its like 50-60 bucks a year per person and there are not that many in that group.
Whatever it is only part of the information you would need to determine what this means.
I read the contracts as posted in the pinned thread.
There is no money discussed in these contracts.
In my opinion they seem to show a relationship where these companies agree to offer their products through TDEY/ORTC system of collecting payments for benefits and seemed to have canned language to reinforce that the company (TDEY/ORTC) or anyone they are dealing with is an independent contractor (and not an employee under the law, hence the language).
I believe these look a lot like standard contract materials signed when a company will be associated with them and I am not sure how much revenue these will represent.
First, I do not think it mentions revenue no?
Second, premium collection services, which seem to be limited to the group ORTC is involved in cannot add up to all that much money.
Ill run this by the insurance people at my office and post back later but that is my read of these documents.
Is it .0001/.0002 now?Looking at quote just above this board???
Correction - 4.5 million this year, not QUARTER
Can one of you experienced chart and sub cent players give my your thoughts on WSTI.
market cap of 160 million just a year ago.
market cap of 220k now (massive dilution)
Actual operating business with sales growing exponentially year over year..
ZERO
800k
1.7 million
2.7 milion (for 9 months ended 9/30/15)
Has product shipping to 35 different countries and operations in Indiana and India
Issues:
Toxic convertible debt ballooning outstanding shares .
stock is selling at a fraction of the market cap it once had when it had 1/4 the sales.
Sales should be 4.5 million this quarter maybe double or triple that next year as India kicked in mid 2015.
Company needs about 2-3 million to take out toxic debt.
In the Wind/solar business which just got renewed tax credit and global climate pact. Its credit line was in limbo pending Import export bank funding and reworking. EXIM was refunded by COngress about a month ago.
Looking for others opinions./ chart stuff.
Is this possible?
Obviously the situation is hard to follow but is it possible EV got 2 million preferred shares convertible into 2 billion common shares which he can start selling 90 days post agreement? That would answer how he got paid to exit and explain the selling. if not explain the 100-1 comment above these boards.
This would also be subject to 10% or 200 million a month in selling or 10% of volume or something.
might be reading that wrong.
Also does anyone actually have pictures of this open house meeting that took place?
If for real, this type of business is hot these days, which is why they were able to sell the plan they developed and why they are getting contracts to move product for other companies. It could be good if we can clear up exactly what is going on. Any thoughts?
interesting your opinion on this one
And thanks for all the great info at the top of this board!
WSTI is trading 20-50 million or more shares per DAY.
It as a real business did 2.7 million in sales for the 9 months should do 4.5 million or so for the year.
Recently won awards for product design.
Tax credits renewed in us for solar/wind
Global Warming pact helps as well.
Prior to an outsider pump and dump this stock had a market value of 160 million dollars, now it is at 220,000. I figure even a return to a 30 million dollar market cap brings this from .0001 to .01.
Sales are triple what they were when the market cap was 160 million.
Shown 3 years of year over year sales growth.
WSTI - Windstream Technologies (solar/wind)
I did a lot of DD so see that board and read my posts.
Currently no bid, but trading at .0001
Bad dilution. However compared to many crazy situations it has a real product, real sales, sales growth that went from:
0 to 800k to 1.7 million to 2.7 million for the most recent 9 months, on track to perhaps do over 4 million for the year.
Just installed a major project post 3rd qtr financial. Has production facilities in US and India.
Problem is convertible debt on balance sheet. But with growing sales and renewed US solar credits and the global climate pact I think there is a chance they can get some new financing.
Total long shot as most of these are , and do you own due diligence. But was wondering if others can look at it and the info i posted on the WSTI board and had an opinion or can look at the chart.
Note, this company was the subject of an outsider pump and dump which ruined the company's chances even though sales growth was just coming on but has a high awareness level with investors which can be a positive.
Saw that , pretty cool stuff.
In recent weeks we have seen...
1- Renewal of funds for the Import/export bank (which is the same bank that guarantees the Windstream credit line
2- Passage of the Global Climate pact
3- Renewal of US tax credits for alternative energy.
(those are the positives)
Negative is the continued decline in Crude oil prices.
One small benefit of being in a no bid survive and recover or die stock is the lack of market price risk as the world markets meltdown (like today)
I had to catch up on all the posts LOL
I agree with much of what has been stated. But all along I have disagreed on blaming Bates for what has happened. Money in these small businesses has been tough to come by for years. If this was 15-20 years ago I could have got a bunch of people together had a meeting and done this turnaround myself. I remember being in a room with accredited investors and raising 3 million in two nights. But back then brokerage firms took small deals public and there was an out. Those private placement 3 million became 16 times that on the IPO the next spring.
Here is why I am not a Bates hater.
This stock has not been around for EONS it came to market just a few years ago. Someone on the outside bought 10% of the company , paid 900k for a promotional mailer and pumped then dumped the stock and took away all credibility and forced a world of pain on this company.
Insiders NEVER SOLD A SHARE! (management)
Bates was forced to respond to all this crazy stuff while trying to run a business.
Despite all this their sales went from
ZERO
800k
1.7 million
2.7 million for the 9 months probably going to do 4 million plus for 2015
What more can you expect from a new product moving into multiple countries with limited capital.
The pump and dump happened so early on no one trusted the situation. I work as a CPA, small business loans and small business capital are one part of this recovery that never returned to normal.
Despite all these things the company now has two factories. Within a few months they had 1,100 completed units built in the Indian subsidiary.
So they have some toxic debt and a dilution problem. that is why it is at .0001. But these problems are not huge.
The mobilemill for which there was a lot of interest is supposed to be being made this quarter as well. And the Argentina project was commissioned after the 9-30 cut off so revenue , a big amount might hit 4th quarter.
While you see a total waste of a CEO, I see that maybe something big was coming, maybe the big numbers finally were coming and at any cost he was going to get to that point, hence the carpy financing. That is what I see.
The outsider led pump and dump and damaged cred is one reason I bought a tiny bit of this stock. Just like it artificially pumped the value to 160 million when there were hardly any sales it pushed it so low the market value is now 220k!!!
I would be really surprised if there were not some last minute effort to fix this on the strength of the company's best year.
I have looked at a ton of these type stocks. NONE had the sales of Windstream. One had a balance sheet that did not even balance. Others were "ideas" or "hope for a product" or "might cure cancer but wait" type things.
There are dozens of people working for this company in the US and in India. They are building a ton of product. Even the CEO comp is low. A big chunk of the expenses in recent years was share compensation expenses (non-cash) that inflated losses.
This has a high chance of failure obviously, but some people here keep posting the same 68% interest rate stuff. To me it just shows me that there is an urgency to get to a certain turning point no matter how they had to do it. I give Bates credit for that and for at least trying to file the 8-ks fairly timely (many others dont even bother when in this condition)
For me, the way out is not only management change and refi (which is a good idea ) but I do not think turnaround is exclusive to having Bates out.At least in my opinion.
There are a few steps we can do to spruce up the DD a bit. I have not been able to talk to anyone with a larger system installed to see how it worked out. And we need to know the status of the 22million purchase order from Jamaica. Last update on that was that it was still there but this was back in July.
It is great tossing these things back and forth here though, lots of good ideas and points made. thanks guys.
Exactly what I was saying. with around 5 billion shares outstanding you have people with 1s who have 400% profit, people with 2s with 200% profit all who can sell, new people that come in at 2,3, 4 and so on. Not hard to get high volume with this kind of liquidity.
From reading the posts the two biggest worries here is that
1- This Eddie guy is still around calling the shots
2- Massive dilution is going on with new stock being issued while press releases are coming out.
Nothing in the review of the current CEO and his comments lead me to believe this is true and I believe he has responded to emails regarding these issues.
He has , however also stated the stock share stuff would be cleaned up and reported, when does that happen? I thought i saw november of 2015 as the date is that info pending?
Problematic CEOs cause long term damage to stocks, as do pump and dumps. Just saw people take a huge bath on an "oil well' deal . In another case an outside party purchased 10% of shares of a company, then paid 900k for mailers, pumped it sold it and almost ruined the company. In that case the sales of the company went from
ZERO to 800k to 1.7 million to 2.7 million (9months of 2015) probably finish with 4.5 million this year. But like with TDEY the massive damage leaves everyone wondering if anything is true.
This needs to be cleared up to move forward. But I believe the CEO is trying to do that. Anyone with any negative info on the new CEO? I have not found any.
Yeah I saw all that (see my prior comments)
That is why I asked some questions including about the outstanding stock and the period of the licensing fee etc..
The financials are way crazy but I got the overall picture.
As for the comments below on dilution, very possible this could be the case , but new management seems to imply it is not the case. That said if it were new stock dilution to crazy levels why is the stock still staying the same price on 9 billion shares traded? Sounds to me people are flipping from the bid to ask, sitting on the bid hoping to get more shares. If shares were suddenly being issued there would be net selling and a big price decrease no?
Just want to correct my prior post. It should ready I own a small amount of stock in another scientific company that just received a large contract award. I do not own that company. I was speaking generally when talking about "own" as i have shares in.
I agree.
That was just a general case posted because on this board over the last 3-4 months there have been discussions about companies recovering from the .0001 (or in some cases lower) even after huge dilution.
This is always a difficult case and a longshot recovery but it is good seeing how some companies crawl out of the hole in terms of the steps they take and how things play out.
My risk capital is extremely small but have been doing well of late. Everything I do and research seems to benefit me in my business as a CPA (I own three small companies). Just the other day reading the REG A rules about Crowdsourced equity funding led me to make a call to someone working on a platform and I have a new client and this guy always makes it big, use to make 1 million a year on his w2. You gain knowledge by researching and learning about new things , about companies etc.
For example, 4-5 years ago I was introduced to bitcoin. I bought an ebook on the subject and refunded 5.00 of the 10 dollar purchase price in bitcoin, which then zoomed. Best book buy ever. But I added since then its up about 40% in a month or two. I caught a triple on another near dead stock, but like I said with a small amount of money and I currently own another company in a scientific field that just got a 150 million dollar contract. I read EVERYTHING. My general idea is to carve out a small amount of money and invest in things which are risky but if they move can be 10 baggers or better. you catch a few you do well.
The best thing about no bid and .0001's along with the incredible high risk is there is little of the "I bought the pump" risk. This is where everyone loses money. Like people that paid 60 cents a share or more for windstream and put in 30,000 dollars or more etc.
I am uber conservative personally. What money I do have (not all that much since i paid cash for my daughter's college) is in cash but I am hoping to keep carving out a bit here and there and work on some new projects.
Wish you luck with your investments :)
(as always everything posted here is my opinion due your own due diligence, all low priced stocks are high risk)
Hi, I appreciate the time you took to respond. I am new to the stock and actually looked at it a bit ago as I was reviewing examples of stock that recovered from .0001 (in this case it actually hit .00001 for a day or two in early 2015, but as you can tell the info is all over the place unless you have been following the story carefully. In checking for outstanding stock there are two different figures on this webpage alone. There are also questions as to timing and whether or not the board actions were completed and if so on what date etc. I appreciate the info.
My questions were not to be critical but to poke a bit deeper to see what is going on. I am a CPA myself and fully capable of researching things. I am also very familiar with this type of business for reasons stated in my prior post. Any investments I make in any high risk situations are always minor investments in any case.
yeah it is awful but you have to ask the deeper questions.
If nothing good was going to happen, why bother? If there were no chance and bankruptcy was looming why keep beating your head against the wall, just close it down.
People do these loans when there is a timing issue regarding potential. I have been seeing some of them come through for the first time on peoples tax returns. One person used a 100k loan to ramp up inventory triple sales and then got an investor. Rate of interest was north of 40% plus fees.
In the next three-four months we will know what happens but I think we will know even sooner.
If that 68% or whatever loan was needed to finish a 2 million dollar job which closed after Sept 30th, then maybe it was worth it. What if sales surprise for the 4th quarter or JPS kicks in. The rate is high but the amount of money borrowed is not that high.
Thanks for the info but there seems to be no update from those figures. I found lots of different info when looking. On this page for example up top, also in the release in Oct they talk about retiring over a 1 billion shares was not sure if he Oct numbers were before this or if this happened yet.
Also are they late with a report or an 8-K to clarify shares and the results of the cleanup?
Why would the transfer agent have a gag order? is that even true?
Although this company has had a difficult past I understand this type of business well as a friend of mine built a platform for small business benefits and it is a huge potential business.But what matters here is the share structure and making sure past sources of lack of credibility are really gone.
As you can see the last financial statement, at least the one I saw is not even in balance and has some issues. has that been cleaned up somewhere? Also the licensing fee, do we know the period that covers? Just because you get money in does not mean it is all revenue/income in that period.
Yeah we do know that, since you have stated it a bunch of times. No problem with you pinning it to the top of the board, people should be aware of everything and it is important for people to know this.
But companies like Ondeck and Cabbage have financed billions of dollars to small businesses with these crazy interest rates. It is far from ideal but I know lots of companies paying upwards of 40% on short term loans and they are still around.
Current outstanding share count anyone?
Also what the heck is up with that crazy financial statement posted? balance sheet does not balance? other issues..
In any case I cannot find the o/s balance anywhere.