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The public float is only suppose to be 70 million per PR of 9/18, or does that not count, do we not trust what they put in a PR ?
GM
There is no way the float is only 50 million - not when you trade 30 million + in one day.
The CEO has alot of explaining to do.
How many PRs has he stated he wants to get the shareprice/marketcap up to levels of others in the the same business, at the same time he is dumping shit loads into the market
And a gagged TA , how many times have I seen that before when the owners don,t want you to know what they are upto.
GM
Can someone explain why the company started diluting directly after the merger ?
Why did they not wait until the shareprice moved to much higher levels under the original float (which it would have) before they started dumping to the market? They would not have had to sell as many shares to the market to raise funds.
How desperate were they for cash?
GM
Does anyone think the float is still only 70m per the PR of the 9/18 ???
GM
Is the TA gagged ? Just wondering if anyone can get in touch with them to see if what the float/OS is now.
GM
Thanks Dallas and trackgirl for the PM.
gm
Can anyone tell from whatever sytem they are on what is the buy v sell ratio on the trades this morning ?
Thanks GM
Anyone know why pinksheets would move WRII to the current status on their website.
I went for a quote and got this . I,m sure it wasn't there this morning.
GM
WRII — Waste Recovery, Inc.
Com (No Par)
Primary Venue: Pink Sheets
QuoteNewsChartsCompany InfoFilingsShort InterestInsider TransactionsPink Sheets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons.
The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public;
The security has been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public; or
The security is the subject of a spam promotion having the effect of encouraging trading of the issuer's securities, or represents, in Pink Sheets view, a public interest concern.
Consequently, Pink Sheets has removed the quotes from this website until adequate current information is made available by the issuer pursuant to Pink Sheets Guidelines for Providing Adequate Current Information (PDF) and until Pink Sheets believes there is no longer a public interest concern. Investors are encouraged to use care and due diligence in their investment decisions. Please read our Investor Protection page for more information.
Hope to hell this isn't the company dumping at this level.
GM
Had a quick run through on the financials and this was the main point that stood out for me.
I could not see salaries in the operating expenses which to me means these guys are serious about showing profit – I think they must be operating on expenses basis and the sale of a few shares. I see 700,000 was sold for $98,000.
I am sure the salaries will kick in when revenue increases significantly.
I also did not see any c/f R&D expenses, so that must have been absorbed into the merger with issue of shares.
They seem to be extremely frugal with their expenses which to me shows their determined to run a tight ship, which bodes well for the shareholders.
I remember speaking with the guy that owned the CFGE shell about Ecosafe and he told they wanted to get the share price up to $5 a share in the long-term.
IMO these guys want to make money the good old fashioned way by running a profitable, successful company and benefiting from the outcome of their hard work – which means the shareholders do as well.
GM
Zigbee how many pinks do you think have achieved official audit status over the last 5 years, showing profit ?
Thats about the length of time I have been investing in otc stocks and I can tell you very, very few. Count on one hand.
GM
Thanks ajman
GM
Does anyone know what are the main criteria that a company has to meet to apply for uplist on the AMEX and NASD?
I take it that revenue, number of sharholders, PPs will be major factors.
GM
Ever think you have been led a merry dance over the last year, which is about the length of time I have held my shares, considering there was suppose to be merger in the making way back when.
I must admit when the name change took place I thought the merger must have been completed but that does not seem to be the case and no one can get in touch with Kip to get any sort of update so we wait again. Oh Joy.
gm
Per the 8k filed on the 10/15 does the following statements mean that Trustcash are going to apply to have the preferred shares issued to Pavis shareholders free trading once the deal has been completed and are they going to try and register with a higher exchange i.e. AMEX or NASD small cap.?
Although the definitive agreement that is to be executed by the Company and Trustcash may include rights in favor of the Company’s existing common shareholders to have their preferred shares received in the share exchange registered for resale with the Commission, there can be no assurance given by the Company on the time period it may take to approve the registration of such shares, or that the Commission will ultimately declare the proposed registration statement covering those shares to be effective.
and
Trustcash to make application, as soon as practicable, to list its Common and Preferred Shares for trading on a senior exchange.
GM
Is the US stock markets closed today ?
GM
Well lets hope so tax_man. Hopefully these recent turn of events will bring new investors to the table, not only in the trading of the stock but in the financing of future business.
This looks as if it has been in the works for some time and all concerned parties aware of each others involvement.
I hope if the revenue numbers previously stated are accurate and they have presented a solid business plan for future growth and profit then it will allow them to leverage suitable financing.
We will see.
GM
bpar and hardasset It is obviously very difficult to determine the financial status of the company because they have been quiet since 2005. I would certainly like to know what has kept them a float for the last 2 1/2 years.
They were loosing a lot of money quarter on quarter up to the end of 2004 and were in significant debt. There would have had to have been a significant turnaround in operations to go from where they were to being a profit making entity.
If the reply to the email sent by bpar was an honest one from our CEO then he seems to be pro company and shareholders and obviously trying to work the issues with past debt holders whom in my experience of pinkies and otc stocks are probably of dubious nature and credentials.
questions I would like answered are :
1. Did the company receive additional financing to keep
operations running after they stopped reporting.
2. At what point if any after 2004 did the company start making
operational profit and was it sufficient to cover the
interest payments on the debt or maybe even sufficient
to reduce debt?
3. Where did the financing come from to cover the acquisitions?
4. What financial position would the company have to be in
before the CEO would even consider returning to reporting
status?
5. How much are the old/current debt holders hindering or trying
to prevent the company moving to reporting status ?
GM
Are the markets open on Monday ?
My broker in the UK said they were closed.
GM
sound13 it seems like a lot of new financing has to come from somewhere to cover all the mergers going on here and to support growth plans. Neither Trustcash holdings or PAVC are cash rich.
Maybe increased combined revenuesof the new entity will open up a new options with regards to financing - who knows, we will see soon enough.
If my calculations are right the annual revenue of these combined companies (if all mergers are complete successfully and audits bare out revenue statements on AAAA and detroit ) should be circa $72 - $75 million. No idea if there is profit from this revenue but there should be a rationalising of the combined businesses that should yield cost savings.
Wonder who is going to be the new CEO?
GM
sound13 has a new PR just come out?
gm
It looks like to me that people are dumping a load of shares and are wamting to create rumours that something good is going to happen to get people to buy in to bolster the price while the dumping is going on.
GM
I am actually happy that Mr Capie acknowledged 'related party issues' in his reply to bpar.
It shows that he is trying to work the issues and he is not trying to pull the wool over our eyes. We all know the issues related to past management and how they crippled the company with debt.
I still believe that the reason he has not released any significant news over the last 6 months is because he knows if he does it could create significant buying pressure and concurrently major dumping by the CD holders. The effect being - no PP increase, significant increase in the O/S, pissed off shareholders and the company having a bad rep in the market. We witnessed this back in March when they announced the acquisition of Yessnet – large volume (500m) trading and no increase in PPs.
I think there might be some what of a stand off between Capie and the debt holders. Conversations from Capie to them could be along the lines of - look I want to make this company work but can't based on the crippling effect of the outstanding CDs/debentures etc, is there any chance that we could find an alternative way of structuring the debt which will in turn allow the company to become profitable and pay you guys at the same time? If the response has been no by all or some of the debt holders he has probably decided that his only power play is not to release news thus creating no positive market activity and thus not giving these guys the chance to dump more shares and dillute the company into oblivion. It is a bit like a trading embargo set by one country on another, the object being to try and pressure that country into adjust/change their way of acting by blocking an important resource.
These are just my thoughts and I might be barking up the wrong tree but it fits with the lack of news and the acknowledgement of related part issues by Capie.
GM
frankie do you have links to the financials of the companies that we have taken over, showing those profits you are talking about.
I would love to see them and if there is proof (official/public filings) it will make holding this stock a great deal easier.
Cheers GM
Seems like some serious dumping going on.
GM
I hope the acquisition companies and the core company are making profit because it would take significant profits to clear off the old debt structure.
Lets keep our fingers crossed and hope things are on the up.
GM
frankie why do you think the CDs/debentures should have been taken care of by now?
The company was in serious debt based on their last filings.
If they have managed to clear debt and outstanding debentures that would mean the company has acheived a major turn around.
Without CDs/Debentures on the books the PPs would certainly fly on this stock.
I would be surprised if they have fully cleared all past debt but if they have I will be a happy investor.
GM
Jim I am sure there will be a few people here that would be interested to find out if PAIIP is tradeable and what you can sell for.
Are you going to put in a test sell to see what happens?
GM
Has anyone in the past had any success in contacting anyone in the Company(with in any of the business units) over the last year? If so who was it and how did you communicate with them i.e. phone, e-mail.
GM
I think it would have been a more appropriate statement if he used market caps of ricks and the VCG corp rather than share price - especially under the current O/S structure.
If he wants to get to those sort of share prices he will have to reduce the o/s drematically and get WRII to reporting status and hopefully onto one of the bigger SE.
Keep fingers crossed they can hit deliver those type of MCs.
gm
cautionupahead I agree with you that the company is issuing shares to the market probably upto the levels stated in the PRs (72 million less what was already in the float pre merger)but what I don't get is why are they issuing the shares at these levels. Why didn't they allow the stock to run first before dumping into the market?
I would have thought they would have gained a great deal more $$ for the shares if they had let it run to say 20-30 cents on the merger news before diluting.
Whats your thoughts?
GM
Annoying that you cannot get hold of the guy that owns the shell and has recently done a name change to the company - Even if he responded with ''still working on the deal, will update as soon as agreement has been reached''.
What would be the harm with that ? - he should atleast explain why he decided on the name change at this time.
I take it he does not respond to the number listed on pinksheets under 'company info' and company filings 801-706-1897?
GM
cautionupahead do you think he was lying to you about a divy payout ?
It all just seems very coincidental that after 7 years of nothing he decided its time to give the shareholders a divy and at that very same time the company gets highjacked by an other entity. What are the chances ?
Will be happy if he does but not holding my breath.
GM
Thanks eztradin
GM
investwise4858 any feedback from Zachs on what he intends to do with company ?
Is this shell back to being dormant again ?
GM
eztradin is that a LOI for a contract to supply product/systems or for some sort of partnership to market products in a specific geography.
GM
15-12g took place in 12/04/2000 for ZIPL.
GM
It seems to me if the public float is now circ 75 million (1/3 of 218m) then that is an increase of circa 55 million on the pre merger o/s structure. If that is the case then there are still alot of shares to hit the street as we have not traded that volume post merger. So maybe the shareprice will stay lower/static until the pressure of those shares being sold into the market is complete.
Just a thought.
GM
It is great for the Company to get glowing statements from new customers and in this case also his ref to a neighbouring food processor using eco-safe.
The word and the product(s) are getting out and hopefully behind that significant growth.
GM
We have news guys - Sale of disinfection system - lets hope the start of many.
''Karo Kavoukjian, President of Golden State said, “We evaluated all the disinfection systems available on the market, and Eco-Safe’s system was head and shoulders above the rest''.
Eco-Safe Systems USA Sells Ozone Disinfection System to Golden State Seafood
LOS ANGELES, CA (September 17) – Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce the sale of an Ozone Disinfection System to Golden State Seafood, Inc., of Los Angeles, CA.
Golden State Seafood is a major supplier of seafood to kosher supermarkets in Southern California, and sells approximately $1 million of seafood each month. Golden State Seafood will be using the Eco-Safe Ozone Disinfection System as their sole means of seafood disinfection and protection.
Karo Kavoukjian, President of Golden State said, “We evaluated all the disinfection systems available on the market, and Eco-Safe’s system was head and shoulders above the rest. We learned that a neighboring seafood processor was using Eco-Safe, and we were amazed at the results they had. Eco-Safe saves us money and we now provide a superior product.”
Michael Elliot, President of Eco-Safe Systems USA, Inc., said, “We are pleased to see more and more food processors recognize the many advantages of Eco-Safe Ozone Disinfection Systems. Decreased product liability and saving money speaks clearly to professionals in the food processing industry.”
Eco-Safe Systems, a leader in Ozone food-safety and water-purity intervention systems with services ranging from food disinfection to water reclamation and desalinization feels that Eco-Safe’s patent-pending processes raise the bar on food safety and environmental sustainability, while decreasing costs and risks to businesses, the public and the planet.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.