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My order for .18 finally finished getting filled after being nibbled off and on for days. That's probably enough cavico for me for now, unless it goes to .12 for no reason, at which point I'll grit my teeth and add again. This company has to have a run sometime. Lets hope they follow through for us.
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"As Iron Sharpens Iron"
I hope that's not you dumping below .20. I'm frustrated with this company too, but there's a smart way to unload a position and a dumb way. To whoever is unloading...it would have been smarter of you to sell in chunks at .20 along with pope, even if it takes some time. I guess impatience got the best of someone.
CVV - CVD Equipment Corp
1. SHARE STRUCTURE 10
2. TRADING EXCHANGE 10
3. INSIDER ACTIVITY/OWNERSHIP 10 - founder alone owns over 25% of company
4. DEBT STRUCTURE/DILUTION/CASH FLOW 7 - not exactly debt free company, but nothing atrocious either. They've invested to expand production in the last year or so. A 7 seems fair to me.
5. REVENUE GENERATION 8 - existing and growing revenues.
6. PROMOTION 10
7. GROWTH POTENTIAL 10
8. MANAGEMENT SKILL/HISTORY 7 - I don't see "experts" on board here. But no red flags either.
9. MACRO-ECONOMIC SENSE 10 - This company makes the equipment that makes carbon nanotubes. If you're not familiar with carbon nanotubes and their potential applications, I suggest a lot of reading, because nanotech has some big changes in store for us! The ones who got rich in the gold ruch were the ones selling picks and shovels, and this seems like a good little picks and shovels play. The longest carbon nanotubes on record were made with this company's equipment.
10. TRADING VOLUME/RANGE 8 Seems a little overpriced to me right now (could be wrong). I'd like to see it under 3.50 before I dip in.
total score = 90
I don't hold a position in this company but I may in the future. The above assessment is subjective, based on cursory DD.
This stock (NCNC) was pumped and dumped by the otcjournal.com
http://www.otcjournal.com/otcb/new-century-in-the-eye-of-the-hurricane
Larry isn't the worst breed of stock P&D, but companies he covers have a very, very low rate of success (look through the archives).
I see now that the pitch was that they made a part for the new 787 planes. Apparently they have been overpromising along the way and still not turned a profit. It may work out but I wouldn't invest in it based on the info I'm reading.
"Specializing in the manufacturing, remanufacturing and retrofitting of machine tools, primarily vertical boring mills and large lathes."
Hard for me to get excited about a nonprofitable microcap business in that industry. I'd want to see some kind of serious competitive advantage. Don't even know how I'd go about ascertaining one unless I worked in that industry. Not the riskiest OTCBB stock, but I'm hard pressed to see the upside. What's the big pitch here?
Yeah, there are some nice brokerages in Germany that will naked short OTCBB stocks for ya. The thing about naked shorters is that since they don't have to cover, they pump stocks instead of bashing them like normal shorts ;)
...I think just about everyone with common sense knew GLCC was a scam from the jump. AQUI, SWVC, DLAV, BLLB, GLCC...how can people really keep getting fooled by these companies?!? Front page of IHUB = run away.
I believe that was related to their investments in Dongtai Water (they bought more of it), Zhuorui, Dongtai Organic, and Dalian Lipp, and also "construction contracts".
This company is primed for great growth over the next 5-10 years, IMO. If it wasn't a Chinese OTCBB company I'd put more in it. But, having bought it at a buck and change, I'm content to ride my free shares, took out my original investment after it quadrupled. How I reccomend playing Chinese OTCBB companies is buy them on a dip where you are confident they will at least double (soft skill, I know), and cash out and ride the free shares when you can.
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"As Iron Sharpens Iron"
Cool..I've been real busy this weekend so I didn't get to rate everything just yet. I'm not sure I will be so generous with GTEC though. I'm not a fan of their recent financing...at all. Their are some other red flags with them I'd want to address as well. Perfect illustration of how retail investors can be locked out of the success of a great underlying business. Gotta run for now...should have my ratings soon though.
Which example are you talking about?
Well, I think your post answered your question. Hiring his brother as IR is not exactly disassociating themselves from incompetent (or scamster) Henry, who as you noted, screwed things up majorly and has a very shady history. Not to mention practically sharing an office with PRVH as you mentioned earlier.
I've heard the "oh I'm just a shareholder" thing so many times and more often or not, there's a lot more. Wolfson is "just a shareholder" at GTEC too, but funny how GTEC managed to hire a CFO that is an employee of his buddy Wasserman's side company. Birds of a feather flock together..."just as shareholders" or not. These little foreign companies in communist countries don't know squat about capital markets, who do you think they are asking for advice when they make decisions related to their stock? That's why the US-side people are so important.
The fact that they came back trading with 100s of million more shares than they had before is NOT cool to me. How can you uplist with that kind of share structure?
I DO think Cavico --the company-- is a good company that will do well. That's why I'm invested in it. But I don't trust their US-side people, from Tim to the CCG Elite hypemen, nor do I like their history and share structure. That's why this is a "gamble" stock for me. I wouldn't reccomend it to anyone nor will I put major $$ in it until uplisting is imminent (its not). Cavico has its positives, but lets face it, it has negatives also.
I'm not going to comment on your estimations there, but I agree that Vietnam is a great place to invest in now, for a good payoff in a few years. CVIC and VOF together is a good way to play it.
We're definately undervalued here, but those metrics are "best case".
IMO, the O/S are probably higher now than last reported, therefore the market cap would be higher.
Also, the highly inflationary toxic economic situation in Vietnam has probably eroded their current assets, especially the stock holdings.
Plus there is always the uncertainty regarding Tim Pham and Henry, and what they are going to do with the share structure etc going forward. Not exactly the best track record on their part.
With that said I am sure we are quite undervalued in some way, but there is legit doubt and uncertainty regarding this company. I have averaged down at 30% intervals since .36 cents. Hope this works out. Unil independant board members are assigned and we RS, I wouldn't get hopes up about any huge rally though. Supply is crushing demand right now.
Looks good to me Randy...The difference between 7 and 9, I guess I could have made clearer.
Rule 7 is company specific. For example a growing microcap electronics store would score higher according to this rule than a growing Halloween costume manufacturer. There is only so big that the niche Halloween costume manufacturer is going to get (no matter how fast it grew the last couple of years), while that tiny electronics store might be the next Best Buy or Radio Shack.
Rule 9 is more of a macro-trend concept. For example with this rule (all else being equal) a small windmill or solar manufacturer would score higher than a bank or retail store as we head into a recession. "Make the trend your friend". This doesn't mean to blindly follow what's "hot", but if you have to decide between two small growing companies, a key deciding factor to their immediate growth potential is the macroeconomic trends of the time. Especially with small companies that often don't have the heft to ride out a storm.
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"As Iron Sharpens Iron"
"maybe assign one point for each of the criteria met."
That's a good idea..I thought of that too, but I don't think they should be weighted equally. I'll have to ponder it some and think of a good way to weight the criteria. Each criteria could get xx points out of 100 possible.
Also, there can be different sets criteria...like you could have your own personal rating system that you put up, and stocks can be ran through the different screens. So it could be that XXX scores a 80/100 on john302's screen, and 75/100 on randyskd's screen. I wouldn't be cocky enough to consider myself or my own personal criteria to be "authoritative", but if a stock meets my criteria, yours, and whoever elses also...then chances are its a pretty good deal.
I agree the trading range is very important too, but that will be highly specific to the individual companies, especially when talking microcaps. For example a large multibillion dollar company trading at a multiyear low can mean a much different thing than Peter Piper's Nanotech Ethanol trading at a multiyear low.
What a humorous rant.
"Our role in GTEC is to support the stock through thick and thin." Amazing. Just amazing.
When did I sign up for this religion?
Believe it or not Long...there are companies out there that view their shares as actual part-ownership of the company, and not a printing press. You might not find them in offshore reverse merger US-listed chinese companies, but they are out there. That is the whole point of the underlying value of stocks.
You sound like a robber baron apologist, saying that companies don't owe their shareholders anything. What's wrong with you? Why would you advocate such a mentality as a shareholder yourself?
I'm sure they meant to call it "The Committe to Increase Shareholder Value" where they will discuss such strategies as eliminating option grants, share buybacks, and effective, honest shareholder communication.
Yeah I was tempted to wait, but caved in and bought anyway. If it drifts down to 8-9 again I will just add.
TTM - entered today. Tata Motors is India's largest automobile company, trading at a single digit PE and even pays a dividend. While the Indian economy is expected to struggle a bit for the next couple years, I find this a good time to get into BRIC countries. India is behind China in modernization (democracy is messier than totalitarianism) but I'll go with the tortoise in this race (well, both actually, I own some Chinese companies too). Automobiles don't have market in India that they do in China due to poor infrastructure and poverty, but as india becomes modern, there will be a tipping point where I think owning the major car maker in India will look very prudent.
Tata's PPS collapsed following its Jaguar/Land Rover aquisition, but it seems to have found a bottom. They have a strategy for being a serious player in very low-end cars as well as higher end models through Jaguar and Land Rover. But it's not mainly exports that I'm counting on to make this a good 10-20 year investment, though that will help. Its their domestic market share.
TTM will be my main Indian company in my BRIC portfolio. And I'm replacing Russia with Vietnam (so it should be BVIC) via CVIC and Vietnam opportunity fund. Own several Chinese companies, some large, some small...But I've come to the conclusion that India and Brazil represent better opportunities for the time being.
Yes, I don't pump stocks I own that I want to continue buying. See, I recognize that in the long run the market is a weighing machine, not a voting machine. Profits come before altruism.
But one thing Long...I do give my HONEST opinion on everything I say, unlike some (cough) who will pump a stock just to protect their money. Everything I DO say is my real opinion, I don't "pull punches".
There's nothing wrong with keeping info that gives you an advantage to yourself. What IS wrong is spewing deceptive and disengenuous opinions for ulterior motives.
BTW, I'm flattered that you are going through my posting history. I hope it can be of some help. I apologize if I'm too pessimistic for you. But in the OTC world, it pays to be more cautious...they really are out to get you.
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"As Iron Sharpens Iron"
Why aren't you elated that GTEC's PPS is low? If GTEC has so much potential (I'm not saying it doesn't, either), then you should be loading up on GTEC and embracing the cheap shares.
And if you think the price of a stock is determined by message board posts, you have a lot of learning to do. Only scam stocks get driven by internet message boards. GTEC's PPS collapse happened because of the terms of the financing, nothing more than that.
But if you are looking for someone to vent at for being deep in the red with GTEC like the rest of us, well, I'm here for you Long. As long as I'm on IHUB, I will shoulder the sins of GTEC on my cross and bear them for Wubo, Elsa, Crocker and Wolfson. Have no fear. Everything will be ok.
Well its not entirely based on that. The companies are undervalued as they are, IMO. A rise in zinc will unlock a lot of value in those companies that is being discounted by the market currently for various other reasons in addition to zincs decline.
But your point is well received, and thanks for the offer. Your addy at yahoo is the same as your name here? sorry, just a freebie don't have PM
In response to the other one...Yes I'd definately be interested in that. thanks
Thanks Randy...That list changes according to my experiences, I might add some more criteria soon. Can't say I always follow it, but if I were to program a disciplined robot to go long on otcbb stock, thats the rules it would follow. The insider buying is an especially nasty requirement, lol. Shows the quality of otcbb cooking, huh? Chefs won't eat it.
I've looked into DRGP, and it looks to me like it could be a huge bust or make you a lot of money. Has a lot of red flags, imo. Read that you own over 1% of the company. If you really have faith in the owner to look out for shareholders going forward then it might work out. But look at all the people Tom of SWVC has sold in his ongoing stock scam. I wish you luck. What is your plan on locking in profits...say if it runs to .10?
One OTCBB stock I think has a lot of potential is DSNY.
Fair enough. We will see in a year. BTW..I'm not opposed to investing in the commodity itself. I just need to find time to read a couple books on commodity investing, open up an account for that purpose, etc etc. I'm not going to bet the farm on LMC/SRZ.TO, but I think the risk/reward ratio is favorable there. I am confident they aren't scams. Will they outperform zinc? We'll see.
Yeah I'm planning on buying that and SRZ.to to diversify. I think one of the two will rocket when zinc comes back in vougue. I know what you mean about the canadian mining companies though. Not going overboard on them...but from my research they have good qualified management with proven assets. Not some IHUB pinkie 'exploration' companies, lol.
"share buyback"...LOL!!!
Thanks eefland...I actually opened a position in LMC earlier and will add if it drops some more.
Some heavy bleeding lately...Walt you might see your .15 soon
Good read, don't agree with 100% of it though, but much of it.
My own OTC rules for "investments" not trades (constantly under development) learned from the school of hard knocks. Incidently, these rules eliminate 99% of OTC stocks:
Under 100M A/S and preferably under 50M O/S. Fully reporting otcbb, NO PINKIES unless it is a stock trading simultaneously on a senior exchange in another country.
Insiders buy or have bought their own stock.
No dilution. The money raised going public initially has sufficed.
Actual (and growing) revenues, not just "plans" for revenues.
No paid promotion. Penny pumpers are the devil himself.
The company has to have the potential to be substantially bigger than it is today. No tiny "niche" business...but a potential very large company. You can't uplist even if you are a real otcbb company, if you can't get the company big enough!
Quality management with high insider ownership, 20% or more (preferably more). The management have to be experts in their fields, and have no history of managing now-defunct or bankrupt stocks.
Has to make sense macroeconomically. Has to be in an industry growing so fast that there is enough room for the company and its competitors to eat, or a new (small) growing industry where is is one of the bigger fish already.
Stock is not well known, and pretty thinly traded. While this can mean illiquidity, it lets you accumulate for the demand that will come when the company is bigger.
IMO if an OTC stock can't meet all these requirements then its not worth more than a few hundred bucks thrown at it...IF that. Probably not even that, but hey we're all human.
I only know of a few OTCbb issues that meet all of these requirements, and I typically don't post about them or (publically) tell anyone about them so I can continue to accumulate. The stocks I end up posting about are those companies where I've broken one of the above rules, and I have to vent. Where I've found companies that meet those rules, I've been richly rewarded with multibaggers.
I didn't think of that...but I'd assign a good probability to that possibility. Not sure that hoping for Henry Fahman to have less on the company is even a possibility. Its pretty clear to me that Cavico's entire existance as a US stock is in his soiled hands. But yeah, you really don't want to see cronyism etc in actual, on-the-ground company operations.
Oh well, what can we do...just hope and wait.
Thanks for the link...an investor I trust thinks its a good time to get in zinc so I'm looking at a couple zinc plays. He says a lot of smaller foreign zinc mines are/will be closing and global demand will send it soaring again at some point. I missed the train on some of these other commodities so I'll probably try to get in here.
eefland, what do you think about zinc prices...think those will rebound nicely soon?
A good way to play it is put half of your vietnam position (agree no more than 10% of your portfolio in vietnam IMO) in CVIC and half in the Vietnam opportunity fund or a similar vietnam fund. At least one, if not both of them should work out quite nicely eventually.
Great minds think alike, ha...I've been considering XLF myself. Financial companies individually are black boxes but its an easy macroeconomic call to make that as a group (over the next year or so) they are as cheap as they are going to be for a long time.
Lately I've been considering revamping my portfolio and ditching my US listed chinese stocks and swithing into Chinese ADR's. I don't trust the ones just listed on US exchanges anymore, the more I read about them the more they all seem to be scams. With the big Chinese/India market correction going on I think there is good opportunity in that space also, but "where" is the key.
I wouldn't be suprised...but I know I wish there were some Vietnam sponsored ADR's to invest in instead of a penny stock. These foreign reverse merger shell companies are very untrustworthy, imo. I'm considering selling out all of my chinese ones, even the ones that have made me good money, and putting the money into ADRs traded in both the US and China. There is something highly scammy about a lot of these operations.
Cavico Mining Appoints New President and Issues Additional Shares
http://www.marketwatch.com/news/story/cavico-mining-appoints-new-president/story.aspx?guid=%7BEADD6ECF-B61C-427D-A9EB-DE24DE38721F%7D&dist=hppr
I'd wait taking a major position until they announce what kind of financing they are going to go for. That will make or break this stock, IMO. If things are as bad in Vietnam as the news reports say, then Cavico might not have that much leverage in negotiating, and be forced to take a more highly dilutive deal than they would have gotten in better times.
You and me both. Those are my sendiments, practically verbatim.
I'm waiting for some more major homebuilder/regional bank failures before I call the bottom. Then I'll start with a few best of breeds like USB, BBT, WFC, STI, NVR and TOL. But for at least the next few months its "THE HOUSE OF PAIN" lol. If ya gotta go long banks then try a basket of foreign ones like Barclays, ICICI, Banco Santander and Banco Bradesco.