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cowboy,
I bought back when the price was .0005 and .0006 and sold a lot of it in the 20s and 30s. That is how i play these stocks. I always keep some of the shares and ride the profit. right now, i think it is worth the risk to keep the shares i have left as i don't need the money for other investments and i see potential in the product. if i lost everything i have left, i would still be up considerably b/c of the shares i sold.
thanks for the advice.
yes but for the short term it means that the share price is going down and until people see the business plan truly working, we are going to be stuck with a depressed price. if and when the business takes off, the increase in a/s and o/s might not matter, but for the time being, it does matter. I know, everybody is long and strong so they don't care about the price right now.
IMO
he wasn't comparing q2 to q1, he was comparing q2 of this year to q2 of last year. year over year there has been a 50% decline in sales.
Can I be in Camp 1.5?
I have small amount of shares invested but skeptical...
well, he no longer controls the company. EAFN now has all voting preferred shares and full control.
however, cillo is still obligated to file tax papers with the IRS from 2009 and 2010. I think there is one other thing he has to do as well but I can't remember.
that is from early june
from my conversations with eafn, they will not do anything with efln until cillo has completed all of his requirements as per the securities purchase agreement. unfortunately cillo has been taking his time and until he finishes, we are stuck in this range imo.
so inventory is considered a liquid asset but equipment isn't?
also in terms of liabilities. why is the note to the bank current but the note to mark leonard isn't?
TIA
i think you mean 2 to 1.
Assets: 2,170,376
Liabilities: 1,112,476
Hey malc,
yeah, i am very intrigued with ACPW as they have a product that is very unique in a growing field. I read an article on them when they were in the low 2's at the beginning of the year and decided to keep an eye on it to see if it ever bounced lower to jump in.
The last two quarters showed a loss unfortunately but revenues remained constant (around 19 million) with an increase in expenses, mainly advertising and cost of sales (administrative fees actually decreased). Last quarter showed a loss around 1 million, but with 11 million still in the bank and increasing demand, especially as cloud computing starts to take off, I see real potential here, especially at this price.
Ha I don't know about that and couldn't speak to it. Do some research on 504 placements and see what you can find. Maybe tractormech can answer that.
Veo,
I agree with you on both points. It is incredibly annoying to read the same praises everyday, and I would like to add that it is incredibly annoying to read the bashers cry dilution.
I definitely agree that it is worth waiting and being invested in this stock, as there is plenty of room for progress and potential. I probably have much less shares here than most as my tolerance for risk is pretty low, but it is worth being invested, albeit a small position.
I ask these questions because I am hoping someone can logically answer them and provide me with some insight and if the answers are valid and can reduce the risk in my head, then I would consider investing more. I am not asking for anybody but myself. I guess I will just send pms from now on so I don't taint the board with my negativity.
Glty
no, just thought it was worth bringing up the fact that since 2009, mark has paid himself 72k and has not paid off any of his loan to the bank.
Not talking about his 6k/month salary. talking about the 400k note at 5% interest owed to mark.
thanks for proving my point.
i don't think you read my post or the post i was responding to.
The post I was responding to said we should be in pennyland. I took that to meant he thought we should be in pennyland now.
I would like to reiterate what i just said in another post. I would like to thank you for answering or at least attempting to answer my questions without yelling at me that I have an agenda. Although I do not agree with you on all your answers, you have definitely cleared a few of them up and I appreciate that.
There is nothing wrong with asking questions. There is something wrong when nobody knows the answer besides one person.
why should we be in pennyland? on what basis? the fact that they sell a real product?
If we are at a penny, this company would be worth around 16 mill. Do you really think a company with 2 million in assets, 1 million in debt, that nets 4k per quarter should be worth 16 mill? maybe one day, but right now it is valued pretty accurately imo until we can see sustained growth and profits every quarter.
i am asking questions and tractormech has been answering them without complaining that i am asking. that seems pretty fair and i appreciate all of his responses as it is clearing up a lot of my issues.
okay, thats fair enough.
hopefully your right, but there are a lot of questions and the fact that people here ignore the hard ones is disturbing.
so in order to make a profit and increase cash flows, we have to get private investors every quarter?
fair enough and that is perfectly fine if that is the case. What bothers me is that it says below that his loan is subordinate to the cowlitz bank loan which has yet to be paid down. Why not hold onto that cash and use it to pay down the loan which we are in default of.
how can you say there was not negative cash flow? Look at the cash flow statement.
Cash Flow From Operating Activities:
Net Income: $4,513
Accounts Receivable: ($24,084)
Prepaid Expenses: ($5,207)
Inventories: ($93,420)
Accounts Payable: ($15,603)
-----------------------------
($133,801)
You said that the salaries are put in one of these lines. Which line is that salary included in?
The only reason there more cash at the end of this quarter is because mark added $203,950 by selling approx 150M shares.
fair enough, but then you are saying it is just an accounting trick that to show a profit when in actuality they were cash flow negative ($133,801 to be exact) after all expenses including payroll. which line in the cash flow statement would salary be factored in?
Also, the retained earnings are not accurately reflected IMO. They include the 250k from Mitch in that line from previous quarters and we don't have that money and don't know when we will get it or how much we actually will get.
I fully understand that from quarter to quarter, expenses will vary, but what I am more concerned with is that the numbers don't add up properly. The administrative costs in every other report equals the expenses from the income statement, however, it does not in this report. In addition, the administrative fees shown for 2010 in this report are different than the 2010 june quarterly report. that isn't odd to you?
gotcha, sounds good. thanks harley.
michael, harley,
can i add acpw as a wild card stock @ a price of 1.55.
do you really believe that anybody would sell a share based on what he is saying?
it doesn't bother you that mark paid himself 22k of the 200k raised by selling shares?
he could have used that money to pay back part of the loan to cowlitz bank.
I am not an accountant so I am just trying to understand a few things:
1. why would payroll not affect the bottomline. It is money out of the company is it not?
2. how come the payroll is listed on some reports and not others?
3. how come the june 2010 quarterly lists different expense numbers than 2010 numbers in the report we just got today.
4. how come the expenses in the income statement don't match the expenses from administrative costs like it has in every other quarter.
yeah, the more i read into the report, the worse it looks.
$15,618 going into quarter
$203,950 through issuance of shares
($22,381) to mark leonard
($133,801) through operating expenses
----------
$68,748 at the end of the quarter.
There are also many accounting errors in this report. Expenses on the income statement total $71,741 but if you go to the adminstrative expenses, it only shows $43,939. Historically these numbers have always matched in tytan reports. Additionally, he stopped showing payroll as an expense.
yes, but that 66,169 needs to be deducted from the bottom line, right?
there are definitely positives, but they have already been brought to light. positive cash flow this quarter albeit a small amount (around 4k). the inventory for the last quarter has been paid for already, which should show increase in profit next quarter. cowlitz note is still getting resolved and it looks like there is a plan of action.
You need to include the rest of the quote.
also, of the $203,950 he raised by increasing the o/s, he pocketed $22,381. Awesome.
Well, unfortunately Mark no longer lists on his expenses how much he pays out to his employees. Weird.
In the annual report, he pays out $318,976 per year to his employees which is about 80k per quarter.
Does anybody else think that this is weird that it is no longer shown on the expenses? Also, does anybody else think its weird that the 2010 quarterly expenses on this report is different from the expenses on the 2010 june quarterly report.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=40060
(44k vs. 24k)
great accountant we have.
IMO this could have been worse, but I am a little disappointed that we did not hear anything about why he increased the A/S by so much.
More waiting and that hanging over the company is going to keep the negative sentiments out there.
O/S increased by 170M. no mention of increased A/S. profit of $4,513 after taxes. definitely disappointing, but i don't think anybody expected much from this quarter.
I also like that mark paid himself $22,381 in the last quarter, even though he said that his loan is subordinated to the Cowlitz County bank note.
you are wrong...about 170M not 100k.
It makes no sense to me why he would put a pr saying that q2 financials are on the otc site when it is not up yet.
When uploaded, documents show up instantly on the otc site. Why not just say, "they are in the process up uploading."
Amateur Hour.