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My only comment on this issue is speaking personally I have used paypal for several years and generally it has been fine.
For security reasons though I would strongly suggest using a credit card and NOT a debit card.
Sage.
I don't come here as much any more as the Laurel and Hardy dialogue gets old pretty quickly. However for more serious investors I would like to confirm that I am still fully committed to LLEG and honestly have no woriies about the share price dip.
Before long people will be a lot happier.
I wish everyone a grand long weekend.
Signing off until next week,
Sage.
Thank you Fred.
Us transplanted Brits find it hard to keep up with the holiday arrangements in the Colonies:)
Sage.
Are the markets shut on Monday?
Thx!
Sage
Yes a great post XQXME. Quite clearly you understand businesses and what it takes to get a new enterprise rolling. So many people think it is a simple process- open a shop or launch a product and bingo day 1 the money rolls in. Those people have never launched a business or been involved in the process, as a professional. It is a real 100% head on effort and many things ALWAYS go awry and need to be resolved no matter how good your risk mitigation plan is.
imho Ben has done a very good job thus far in trying circumstances. If it was as easy as the detractors pretend they'd have their own successful businesses and be driving Bentley's. My guess is none of them have come anywhere near that.
Sage.
I think you are beginning to "get it " Brungy. Good show!!
Sage.
I seem to recall reading that the LBP Berlin transaction provided for an inflation linking element for power sold. If that is the case it would have a significant UPWARD effect on the valuation of the project.
Imagine if I said I will pay you $100 a year inflation linked for the next 20 years. What is that stream of income worth? If the inflation rate= the discount rate used then the answer is $2000- or 20x the annual income. (earnings) That is just for the 20 year term.For the Berlin facility the value is greater as after the first 20 years a further power sale agreement can be arranged.
If my memory is correct on this point talk of valuing the earnings stream on a PE of 10 is just far far too low.
Sage.
I have seen P/R used before. It is sometime used as a measure of value by investors looking for cheap acquisitions across an industry for comparative purposes. In the biotech or pharma industries it can be quite useful as as it "adds back" R +D and excessive headcount spend. For a stock like LLEG I would suggest operating earnings is probably the best measure- that is earnings before tax, amortization and depreciation and extraodrinary items.
On the small cap market though these measures can sometimes produce crazy figures- stocks selling on P/ operating earnings or straightforward P/E numbers of 200 or something wacky. Companies seem to be valued more subjectively than objectively- based on the industry and the "mood" about it at any particular time.
Honestly I would be surprised to see LLEG sell on a PE of 50 at some point jhust based on the business that it is in. In the internet boom tech stocks sold on a price/ REVENUE of 150 or more- go figure.
Sage.
Well given that Amaazon ( a mature business with little room to grow faster long term than GDP ) is on a PE of 70 I'd say 10 is a tad low.
That is the thing about knowledge- a little can be dangerous:)
Sage.
Well to answer your question Keith for the last 60 years or so the USA assumed it was the world. An Emprie built on cheap oil. All empires are built on something and inevitably they all die. The British Empire was built on steam and the industrial revolution. The Dutch Empire on wind and sailing ships/ trade.
The US Empire will be no different. Inevitably its military presence will decline ( too expensive) and other countries ( Far East) will rival it technologically. Loosing an empire is no bad thing though- it reduces commitements and responsibilities.
Very late in the day the US has embraced alternative energy. That will extend the life of the empire but it won't change history. The new world empire is the Far East- built on available cheap labour and technological innovation plus a very limited foreign policy involvement.
Companies like LLEG will do more than their fair share to create the 'new" USA- more self sufficient and more willing to embrace new ideas.
Sage.
Thank you digi for the correction to your earlier statement.
The answer is we don't know when this period of dilution will stop. It may have already. I honestly don't think Autos actions in the past are much of a guide to this time. That was then- this is now. The number of shares is different and the need which they have to liquidate them is possibly different too.
Sage.
Digi
How do you know this?
. ""Yes, punishment short/mid term is likely in store. AUTO is just firing up the presses."""
I don't know of any way to predict a) when issued shares will populate and b) how many such shares there are.
Do you have definitive information on that?
Thank you,
Sage.
That is a different issue duffer. My post was a rebuttal of your contention that LLEG could "be bought for 6 million". In fact a purchase at ANY price would require the agreement of management as they own 70% I believe. It would be the same at $60 million or $600 million- management agreement would be needed.
Your question refers to what is the total issued capital of the company. That I don't know the answer to. MBB holds a preferece stock - the conversion terms of that I am not aware of ( ie rate of conversion, time of conversion or circumstances of conversion).
Sage.
That's precisely the point duffer which frankly you haven't grasped.
70% is owned by management and they aren't sellers.
So no it can't be bought for $6 million or anything like it.
Sage.
Personally wooden I have always favored the body slam at AGM'S:)
Sage
Digi- my information from my securities attorney is that a an OTC BB or pink cannot sell 144 stock without a restriction. Personally I believe it to be 12 months although I have heard other people say 6 months. There is ALWAYS a restriction though.
Sage.
Digi- any stock the company issues will be Rule 144 stock. Agreed?
Holding period for this is 12 months I believe.
So any "new" or dilutive stock must have been issued at least 12 months ago?
Is that how you see it?
Sage.
Thank you Gmenfan.
You are very good at sweeping up misunderstandings /confusions if I may say.
Have a grand w/end.
Sage.
Spec.....not me....lol....
My order for 25000 was filled in a 17k and an 8k.
I'll be adding today...425000 now- want 500000
Sage.
I added 25,000
425,000 now.
Sage.
LOL........stranger things have happened.
Maybe that sort of ink that spies use that only appears when you heat the paper up by rubbing sticks together:)
Sage.
Thank you so much Karizma.
Sage
LOL- that's the trouble with putting messages on boards - they have a habit of coming back to haunt you or make you look an ...... ( fill in your own words).......
It is patently ridiculous to sell LLEG because of this minor issue. If someone makes a decision to sell on rational grounds fine- everyone has their own reasons- but this is a multi project company with a very small market cap . Any one of the projects moving to the next stage will move the price up.
To base everything on a delay of a few days in the Berlin first stage permit approval is frankly insane.
Sage.
Yes that's where the real $$ is- but retail isn't too shabby either. It's a profitable base and justifies a much higher price than this imo.....more like 15 cents as a stab within a few weeks.
As you said.
Sage.
Thank you XQZME------it looks like my EBITDA "first shot" stab is much too low then.
I'll re work+ put up more later on here.
Sage.
Fundamental valuation.
As a relative newcomer to this board I'm interested if anyone has done any funamental valauation work on INIX?
I did read somewhere of a basae of 2500 users at $30 a month. THat is from an historic user base I believe.
As a stab--- suppose there were 5000 users after 3 months . Realistic?
Income $150,000 per month or $1.8 million a year. How much of this flows to EBITDA? How much does the data feed cost? What other outgoings? Suppose we say 50% of income flows to EBITDA- so we have $900k EBITDA. Say we value at 20X EBITDA (low for early stage high growth company?) Valuation =$18 million. or around 10 cents a share. Obviously as subscriber numbers grow+ more products arrive income will rise. Will data feed costs remain a constant % or fall? Will the share of revenues that arrive at EBITDA rise? Any ideas for tentative income EBITDA numbers 6 months out?
Thank you,
Sage.
Not important Rich.
Not signing would be an ultra vires act. The role of the administration is to forward projects not to withold signatures on a personal viewpoint.
The Major supports - that is what counts.
Sage.
Agreed Conch- came out of left field a bit but in the contect of 977 pages application it isn't too bad I believe.
How is life down there?
Been a bit brrrrrrrrr up here....lot of frost damage sadly.
Sage
Trox it actually boils down to two items....
Missing Design Drawings
- Missing Technical Specs
In the contect of the whole application not that big a deal.
Sage
Exactly Mysque- that is my take too.
Old admin. wouldn't sign ----------
(Interesting point- can an administration refuse to sign purely because they aren't in favour or could that be construed as an ultra vires act on their part?)
Sage
Mimurray-You have e mail to the usual account.
Been a bit frozen over here on the west side.
Sage.
Hi Mimurray...
Moving on to more important matters than the recent circular issue...
How are you? I'm over by Tampa you may recall me from other stocks.
I have been buying here and up to around 400,000 thus far----more to go.
I think we have a real winner here- very exciting.
Sage.
Hi Mimurray...
Moving on to more important matters than the recent circular issue...
How are you? I'm over by Tampa you may recall me from other stocks.
I have been buying here and up to around 400,000 thus far----more to go.
I think we have a real winner here- very exciting.
Sage.
Quite right Sam.
Also although not in any way binding, initial approval is probably persuasive towards final approval.
Sage.
Hope you are okay power.
I agree if tomorrow is good news- which I expect- then I suspect we'll move into the 3's.
Sage.
I just hit them for 30k @35.
Sage.
How long ago was it 1 billion king?
Sage
Can you rememeber TAP what the OS was say 12 months ago? 18 months ago? If I guessed I'd say 2 billion or a bit under. If I'm right we have had 15%-20% dilution or so in total. I suppose that isn't unreasonable at this point of LLEG's evolution. We need to ask what the benefits have been. If it means the 2 Mass projects get closed and start to come on line then I'd say overall it was worthwhile.Subject of course to beneficial financial terms.
Sage.
I do sympathize with your viewpoint TAP believe me. I can see where you are coming from. I believe that MBB should seriously consider clarifying to shareholders what the dilution is for and under what circumstnces it will stop. Obviously once revenues arise that should per se remove the necessity of dilution other than on a "one off" basis for a specific defined purpose.If the recent dilution is for projects that will be revenue producing in 2010 I become a lot happier as there is a tangible early term benefit. I believe that is probably the case but it would be good to have it confirmed.
Sage.
TAP- I believe it comes down to a simple question.
Is the additional revenue generated by utlilizing the funds raised by share issues,a greater number than the percentage increase in the share capital.
For example suppose LLEG increased its OS by say 10%- are the additional earnings created for the company more or less than 10% of the total company earnings? if more the dilution is earnings positive. If earnings are enhanced at a greater rate than the share capital is increased the share price will ultimately benefit from the activity.
Sage.