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"Whole Foods Market® honors winners of its first-ever Supplier Awards:.....Quality Assurance:..........IMI Global, Inc. (Perishables) – for playing a crucial role in the launch and continued success of GAP’s 5-Step program at Whole Foods Market....."
http://media.wholefoodsmarket.com/news/whole-foods-market-honors-winners-of-its-first-ever-supplier-awards
When it rains it pours!
"..A total of 65 mineral categories has been included in the list which is expected to provide the government(of Indonesia) an additional revenue up to $2 billion.
The minerals include antimony, bauxite, chromium, copper, , iron ore, iron sand, lead, manganese, molybdenum, nickel, and tin apart from gold, silver and platinum…...."
http://www.silverdoctors.com/indonesia-imposes-20-export-tax-on-gold-silver-and-platinum-will-ban-exports-beginning-in-2014/
And
"....China’s commodities imports in April, the latest month for which data are available, were unexpectedly weak, with iron ore imports hitting a six-month low...."
http://www.cnbc.com/id/47498211
Headwinds:
"Tata Steel Net Tumbles 90% as Europe Crisis Cuts Demand, Prices"
http://www.bloomberg.com/news/2012-05-18/tata-steel-net-tumbles-90-as-europe-crisis-cuts-demand-prices.html
ps- Replay(opportunity) of 2008 likely!But can it turned into next Great Depression(risk)??
For quite some times,one of my concern about this company/stock: Is the business model flawed and management in denial??
"....Apollo Medical Holdings, Inc. Reports Record Revenues for Fiscal Year ended January 31, 2012..."
10Q ER released to the public was misleading and it should had been corrected as follow
"....Apollo Medical Holdings, Inc. Reports Record Revenues and RECORD LOSSES for Fiscal Year ended January 31, 2012..."
Kyle: Don't you know which way is up?? The way you presented the report was unprofessional and bordering on dishonesty: Shape up or ship out!!
A closer look at 4Q and see why:
Revenue: $1.55 million;
Cost: $1.14 million(74%);
SG&A: $0.673 million(43%);
Income before tax: loss of $0.423 million.
My god,this baby is in trouble: more the revenues,higher the losses!!!
ps- Long term players,get out now;Kyle is beating on a DEAD HORSE!!
A likely scenario,75% chance: Here we go again.....talk to Barry.....he needs to talk to Gene......Gene has to ^%$$##@@****....get back to Barry....here is the doctored ER.....same old same old.....
The sad part of this:
Window of commodity boom is coming to an end...Gene had fun......but at the expense of his shareholders.......no one would touch his stock.....about to break below $0.50 support level....
Better investment with returns:
Call SEC and file your complaints....
ps-100 shares at $0.52 today;justice in the market place!!
ICP.TO looks very interesting and cheap. About to take a position soon and plan to average my purchase during the next few years. I believe a replay of the 2008 crisis(opportunities) is at work and hope we do not go into a great depression(risk).
Why the stock:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/12_Rick_Rule.html
Just saw it! Sales was $704K,net loss $162K,eps=-0.01......I'll go through the details later......
A great interview with Rick Rule and his comments about Jr. miners:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/12_Rick_Rule.html
ps- A replay of 2008 commodity stock collapse,50% chance likely,is at work! I believe AYSI.PK pps would test $0.50 support level SOON!!
Thanks for keeping us up-to-date; also I'm waiting for my request of adding INMG to the database would go through and show up in the StockChart.com soon!!
Big ER likely tomorrow: INMG and DJRT!!
Listened to it as soon it came out. Another professionally done audio interview with expert offering in-depth discussions on micro-cap,topped by analysis on why INMG is a great bet! The growing audio archives focused strictly on micro-cap,a treasure troves to be!
Before I forgot,thank you for the link. I will be on it soon after most of the "honey-dos" are done!!
Gene didn't file form 15-12g for your health! He got you YOU KNOW WHERE....unfortunately he respects only whose who can f**k him back harder...now he realizes that him,the emperor playing "screw my subject," might be toppled soon!!
I'm a strong believer of
"If you live by the sword;you die by the sword"
ps-I definitely would reconsider buying "AYSI minus Gene"
Back from the annual meeting,investors are excited about the company and its future....we shall see punch through of new highs at or beyond $0.75 pps,sometimes this year,75% chance likely!
Until "mad cow scare" dust settles......sun still comes up tomorrow...and we still have our health.....may be not as rich as we like to be(buying opportunities again!!)....and always respect "Black Swan"....
IMI/ICS Portfolio Update-
From: http://www.ics-intl.com/
"Our Standards & Services
In February 2012 International Certification Services, Inc (ICS) was acquired by Integrated Management Information, Inc. (IMI Global), a leading provider of verification and Internet solutions for the agricultural/livestock industry. By combining audit inspections and offering more certification options and technical services, this move will save time and expense for companies pursuing multiple certifications such as organic, gluten free and global food safety certifications. ICS now operates as subsidiary of IMI Global.
ICS Provides:
Farm Verified Organic® certification - Meets NOP standards, recognized in the IFOAM Family of Standards, ISO 65 accredited for international markets.
USDA Organic certification - National Organic Program (NOP) standards, ISO 65 accredited.
Canada Organic certification - Canada Organic Regime (COR) standards.
Europe Organic certification - EU 834/2007 standards.
Bio Suisse certification - Bio Suisse standards.
JAS certification - Japan Agricultural Standard (JAS).
USDA Organic certification for personal care products.
Gluten-Free certification - ICS Certified Gluten-Free (ICS-GF) standard.
Food Alliance certification - Comprehensive sustainability standards for products, production practices, and handling operations.
IMI Provides:
Where Food Comes From® - Retail & food service marketing and communication program
Food Systems Verified™ - Global Food Safety Initiative (GFSI) program, includes Safe Quality Food (SQF), British Retail Consortium (BRC), and other standards
USDA Process Verified (PVP) programs
Source and Age Verification (SAV)
Non-Hormone Treated Cattle (NHTC) verification
Verified Natural Beef™
Verified Green™ - Recognizes sustainable agriculture and environmental practices
Humane Handling standards
USDA Quality System Assessment (QSA) programs
USDA Quality Program Audits
USDA Export Verification (EV) Programs
Private Standards, Product Claim Verification, Brand Verification, and Internal Quality Programs Audits
Food safety auditing, technical services, and training
Third-Party verification services "
Rahm Emmanual: "Never Let a Good Crisis Go to Waste!"
Could the new crisis be the driver selecting SAV(Source and Age Verification)as the backbone of the finalized proposed ADT(Animal Disease Traceability)??
I say 66%+ chance likely as argued in this article:
"..reignited a long-running debate about what has been described as a weak link in the U.S. beef supply: the lack of a mandatory system to trace the path a cow takes from farm to fork."
“If we discover that this case was part of a larger outbreak, we might not be able to find all the animals in that cohort that were exposed to the same feed,”
"A study by Kansas State University last year found that six of the eight largest exporters of beef have adopted a mandatory national cattle identification system — but not the United States."
" In its most recent proposal, the Agriculture Department would allow each state to come up with its own identification system for livestock. If the cattle cross state lines, however, the USDA would then require tagging of the animal....The plan, which affects all livestock, should be finalized “VERY, VERY SOON,” Agriculture Secretary Tom Vilsack told Bloomberg Television on Wednesday..."
http://www.foodmarket.com/newsemail.asp?key=865475
"Clifford, the government's chief veterinary officer at the agriculture department, had quickly called his counterparts in Mexico and Canada, the first and second-largest buyers of U.S. beef, to tell them about a California cow found to have an "atypical" type of the brain-wasting disease...."
"...He said the USDA will release information in coming weeks as it traces the epidemiological history of the cow - where she was born, what she ate as a young calf, and what happened to its "cohorts," other calves born on the same farm in the same time period...."
http://www.reuters.com/article/2012/04/25/us-usa-madc ow-clifford-idUSBRE83O02T20120425
"Japan saying there's no reason to restrict imports......South Korea's No. 2 and No. 3 supermarket chains, Home Plus and Lotte Mart, said they halted sales of U.S. beef to calm worries among South Koreans. But within hours, Home Plus had resumed sales and cited a government announcement of increased inspections. Lotte kept its suspension in place....."
http://www.huffingtonpost.com/2012/04/25/south-korea- mad-cow-beef_n_1451735.html
Competency of the USDA is being tested NOW as the whole world is watching: ECONOMIC IMPACT are in the HIGH BILLIONS OF DOLLARS!!
ps- I hope we worked out all the kinks during the last BSE(Mad Cow) crisis,so there would be NO SCREW-UPS second time around!!
Macro picture changed again: repeat of 2008 financial crisis at work????
Jr. mining companies are near their 12 month lows....I believe marginal players would start breaking new lows soon.....FASTEN YOUR SEAT BELTS as the roller coaster ride is about to go ..........
Korean Consumers, Bloggers Visit with U.S. Industry Leaders
Source: USMEF
April 23, 2012
A group of 22 South Korean consumers, including 11 food-oriented bloggers, got a unique opportunity to enjoy a U.S. beef and pork cooking demonstration while hearing personal insights from American industry leaders in Seoul earlier this week.
Korean consumers are very interested in understanding the sources of their food, so a presentation by Leann Saunders, a Colorado wife and mother who also happens to be a rancher, businesswoman and secretary/treasurer of the U.S. Meat Export Federation’s executive committee, was very timely.
Saunders explained for the consumer group that she grew up on a ranch where her father and grandfather still work. She spoke on behalf of the U.S. beef industry, and discussed the commitment her family shares with other ranchers to do their best to protect natural resources and produce high quality, safe beef.
“It was fascinating meeting with Korean consumers and these trusted bloggers,” said Saunders. “It is very obvious that while we speak different languages and come from different cultures, we all want the same thing when it comes to our food choices and feeding our families. We all want safe, healthy, cost-effective alternatives. Consumers worldwide want transparency, authenticity and more information about the families behind their food.”
The U.S. pork industry was represented by Becca Hendricks, National Pork Board assistant vice president of international marketing, who explained the industry’s “We Care” program which demonstrates producers’ commitment to raise pork responsibly. She also reviewed innovations the industry has introduced over the past 50 years to produce safe, affordable, versatile, nutritious and tasty pork.
“Events like this help garner consumer interest and respect for U.S. pork,” said Hendricks. “In South Korea, consumers tend to trust their peers on issues of health and nutrition, so our presentations and the chef demonstrations were well-received. The U.S. pork industry’s efforts are moving more towards influencing consumers directly. It helps gain trust in our product as well as allowing consumers to taste a great recipe.”
USMEF President and CEO Philip Seng introduced the program, which included two celebrity chefs, Chef Lee Sang-hak and Chef Shin Hyo-seob, who are very popular with Korean consumers. Their cooking demonstration gave the participants a sampling of U.S. beef chuck eye roll skewers with black olive Chimichurri sauce and U.S. pulled pork sandwich.
Representing the luxurious Westin Chosun hotel in Seoul, Chef Lee praised the quality of U.S. beef while Chef Shin, who is part of a U.S. pork radio advertising campaign, stressed the good taste and quality of American pork. “It is more credible to hear from the people from the U.S. how cattle and hogs are raised and beef and pork are produced,” said one consumer.
“The U.S. meat stories from the homemakers from the U.S. have touched my heart,” said one blogger. “It was a great time. I always have a good time when I participate in USMEF’s activities because you can get valuable information as well as you can taste delicious meat.”
One blogger, whose writings are viewed by nearly 2,000 Korean consumers daily, posted this.
Funding for the seminar was provided through the USDA Market Access Program (MAP) as well as the Beef Checkoff and Pork Checkoff programs.
In 2011, South Korea was a leading market for both U.S. beef and pork exports, buying 154,019 metric tons (339.6 million pounds) of beef valued at $686 million, and 188,307 metric tons (415.1 million pounds) of pork valued at $497.1 million. The recent implementation of the Korea-U.S. Free Trade Agreement is expected to enhance export opportunities for both in the coming years.
Unless the form 15-12g is lifted,Gene has total control of the company and so far, his track record is unfavorable to you shareholders!!
At present,the stock should worth $0.50 more if form 15-12 is lifted;While still active,the price is about to drift below $0.65 for the fourth time???? I lost track the number of times of shareholder capitulations since 2007. How time flys,dead money at best!!
Lesson learned: Selfish management does not pay.
"Spring 2012 Newsletter," by ICS,a subsidiary(60% ownership) of IMI Global and under WFCF.
One of the highlight or "reciprocity":
"USDA organic or European Union (EU) organic standards may sold, labeled, and represented as organic in both countries. As long as the operation is certified by a USDA- or EU-accredited ..."
http://ics-intl.com/spring-2012-newsletter.html
"Federal livestock tracking rule nears release" from AGJournal.com
Some of the highlights proposed:
"The rule will apply only to cattle over 18 months of age, or primarily breeding stock..."
"with feeder cattle to be added to the plan in a LATER PHASE."
"USDA agreed to leave data collection and management at the state and tribal level..."
And pending:
"John Saunders has argued for USDA to offer what he calls “reciprocity” between the new traceability plan and other USDA-administered source verification programs.."
http://www.agjournalonline.com/news/x1170670185/Federal-livestock-tracking-rule-nears-release?zc_p=0
Hope DJRT has a direct access to the graveyard and "cheap NASCAR SPEC parts." If yes,that should worth 200-300 basis points, offsetting its cost of revenue!!
http://sports.yahoo.com/blogs/nascar-from-the-marbles/dale-junior-car-graveyard-bird-eye-view-133101035.html
From Bloomberg: Bob Auer started with $100K in 1987 and turned it into a $32.0 million portfolio....specializd in micro-caps with fixed criteria....over the years doubled his money on more than 800 stocks out of the 8000 stocks followed.......
http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vcYI1j2JV9Mg.mp3
ps-His 20-year time proven strategy seems mechanical but scalable to all micro stocks,very impressive!
"..15 mm shares at .03 is only 45K..." should be $450K for 15 million shares.
The cash drain for the HUB-II likely started back in 3Q 2011,where the net income would have been $150K instead of small loss.......I expect expensive(to shareholders) capital infusion of $500K...If wrong,the stock definitely undervalued at $0.04pps!
"If right,I make money;If wrong,I make more money!"
For 1Q 2012
Hub-I: 14 track dates;Jan (2 Miami),Feb (3 Talladega),Mar (9 Tall and Charlotte);
Hub-II: 10 track dates(Las Vegas only)
A 71% increase based on published track dates.
Estimated revenue(1Q 2012) of $810K is based on $540K(1Q 2011) with a 50% multiplier due to added dates. I believe I was way too conservative using the lesser multiplier.
The million dollar question as the company is running on vapor:
How expensive the capital infusion is for the shareholders??
I feel comfortable with up to 15 million new shares likely to be added or as long as the MC < $2.0 million.
"...offer by Aluminum Corp. of China Ltd., known as Chalco, to buy Ivanhoe Mines Ltd.’s stake in SouthGobi for C$889 million ($891 million)....."
http://www.bloomberg.com/video/89381209/
Doing my belated DD with the 10k
4th Q 2011(%)
Revenue 100%
Cost 45%
Expense 80%(norm was 60%)
Net -25%
Expectations going forward
1Q 2012($ million)
Revenue $0.81
Cost $0.41
Expense $0.63
Net -$0.23
Cash flow estimate for 2012
$0.3 million for 6 cars ordered at $50K a pop;
$0.3 loss for 1Q;
$0.2 loss for 2Q;
$0.1 loss for 3Q;
$0.2 loss for 4Q;
offset by $0.42 carryover from 2011.
or
A short fall of $0.68 million! 66% chance likely.
Major risk that I can see
1 Issuance of shares at below $0.05 pps,adding at least 13.4 million new shares or 55% increase from current 24.5 million shares;
2 Expense ratio stayed above 65% and would not come down;
3 ...........
If loss is less than $150K next Q and with above risks,this stock can be a good bet at an entry point of $0.04 pps!!
Deferred Tax Assets Explained:
http://www.investopedia.com/terms/d/deferredtaxasset.asp#axzz1qGUUzR4q
".....Investopedia explains.....It must be determined that there is more than a 50% probability that the company will have positive accounting income in the next fiscal period before the deferred tax asset can be applied
If, for example, a company has a deferred tax asset of $25,000 on its balance sheet, and then the company earns $75,000 in before-tax accounting income, accounting tax expense will be applied to $50,000 ($75,000 - $25,000), instead of $75,000."
Or
http://www.ironrockpartners.com/deferred-tax-assets-explained
".......So your accountants are making you book some deferred tax assets? Nasty little things…
Deferred tax assets are savings that you may get in the future if your business generates taxable profits. Note the word “taxable profits” versus “non-taxable profits”.
These tax assets are created when you have a loss and the loss is cushioned by this “vacuum” of an accounting item referred to as a tax asset. Tax assets will generally sit on your books until a time comes when you either haven’t used the tax asset in the ordinary course of business or you can’t demonstrate to auditors the likelihood that you can readily make use of the assets over a reasonable period of time.
The assets are sometimes referred to as the “reverse” of the reserve requirements. This happens when your company has assets that are incapable of generating a profit or in an application where you can’t prove the likelihood that the assets will produce a profit in the immediate future. If you can’t prove the assets will generate profit, you will end up having to reserve the assets on your financial statements. These “hits” go right to your balance sheet through your income statement and they are generally dollar for dollar.
The tax assets will remain until your auditors will require you to write them off. When you do this, the write off will be a dollar for dollar hit to your balance sheet through your income statement. You will receive no tax benefits for this extraordinary loss and the asset will generally not be recoupable or recoverable. These assets truly are nasty little hits to your balance sheet. They will cause havoc to any loan covenants that you may have in place with lenders....."
Dear Hank:
Adjusting/minus the $224K(tax benefit or deferred tax asset) for 2011,
Net income = $640K or $0.03 pps
PPS valuation using pe and eps(2011 as a rear view mirror)
$0.60 w/pe=20;
$0.45 w/pe=15;
$0.36 w/pe=12
For long-term investors,any price dip below $0.45 would be a BUY!!
ps- $224K based on my cursory review: it is NOT NONE-CASH. For those that are accounting experts,please check the balance sheet and show me otherwise.This tax gain is becoming very very interesting!
Video: Is China's iron ore demand flattening?
http://www.theglobeandmail.com/report-on-business/video/video-is-chinas-iron-ore-demand-flattening/article2374979/?from=2377959
Unregistered Sales of Equity Securities and more:
http://biz.yahoo.com/e/120313/ameh.pk8-k.html
Just wondering how many more shares to be added in 2012,in the name of restructuring,going on for 4 years: 10%????? 66% chance.
Will cost be stabilized at 75% and lower soon?? Kyle has few more quarters left to showcase his effort: working or beating on a SICK horse.
Most likely money was tight and being stretched around the race tracks!! The 10k should be out any days now,followed by a 10Q around 4/15/2012; stock price should break either above $0.04 or below $0.03,up with fundamental improvement,down without it,50% chance either way,!
"...Mr. Augusta's investment firm - SpaGus Capital Partners - has agreed to provide ApolloMed with working capital...."
Again,my concerns of this baby w/growing pain and new management in training :
1. Dilution had gone as high as 6-8% per past years..it is way too much already and MORE coming??
2. Is Kyle working for shareholders or his investment friends?? We shall know soon by what the cost(cheap/expensive) of the new capital is;and get to see where his royalty lies.
3. Business model is challenged: M&A(growth) through debt financing;high cost structure(75%-90%);bad macro;CASH STRAPPED balance sheet w/HIGH A/R;.......worst case scenario: business model flawed and management is beating on a dead horse!
On a positive note:
Last Q it had a small profit,trend or aberration??
If I'm right,I make money;If I'm WRONG,I make MORE money!!
I have followed this baby almost as long as you had.Why I'm standing on the sideline: management,management,and management;with the change of Chairman of the board and prior promotion of Kyle,the company is addressing and restructuring its next generation management team,a positive sign,but in a terrible business environment.
Current concerns:
Due to draconian budget cuts,the health care system in California is likely be challenged for years to come;on top of that,expansion thru debt/equity have not been favorable/fair to old investors. I have spoken to Kyle sometime ago and expressed my concerns;I do not think he had the gripe yet and needed time to work things out.
NO ECONOMY OF SCALE:
Unless cost is down below 80%,I watch only!
""...The Company’s flagship certification program is Farm Verified Organic® – an ISO 65 and IFOAM accredited program that meets the requirements of the USDA National Organic Program – that is designed for organic producers selling to U.S. and international markets. ICS also offers USDA National Organic Program, Canadian Organic Regime (COR) and Food Alliance sustainability certification as well as facilitation and compliancy of European Union, Japan and Bio Suisse standards. It is estimated that the total organic market segment in the U.S. and E.U. is more than $50 billion annually.
“We are excited about our new relationship with IMI Global and the benefits this transaction will bring to our customer base in the form of IMI Global’s Where Food Comes From suite of solutions,” said Christina Dockter, president and CEO of ICS. “Together we offer an unparalleled array of quality solutions which will benefit thousands of producer, processer and retail customers and ultimately the millions of consumers who are increasingly demanding more information about where their food comes from....""
http://ics-intl.com/1/post/2012/02/ics-imi-acquisition.html
ICS valuable assets: its people: trained professionals for IMI Global planned expansion:
http://ics-intl.com/our-team.html
The company evaluated at $700k(100%),with $1.0 million revenue and unknown profit;IMI brought 60%,with controlling interest;IMI 2012 revenue should be driven by another 10% increase,using 60% ownership and 3Qs;........
This is what we have:
START/RECOGNITION OF A HIGH GROWTH COMPANY(up to 50%+ revenue growth for 2012); there is ONLY 9.5 MILLION SHARES FLOAT; I believe more than half are held by LONG TERM INVESTORS,leaving less than 4.3 millions shares for newbies,assuming the old-farts stopped buying,not likely!!
Yes,it would not be smart short this DYNAMO.
Nice to see your itchy fingers are all warmed up for next kill!!
I thought you are suppose to BUY LOW and SELL HIGH;must be those ITCHY FINGERS,a bit stiff today!!
Cheat Sheet -
Income(net income) predictor for 2012:
$300K per Q,exclude expenses for brand promotion;
PE predictor for 2012-2015:
15(2012),20(2013),25(2014),20(2015);
Cash position,year-end:
$3.0 million(2012),$4.5 million(2013),$6.5 million(2014),$9.0 million(2015);
Shares outstanding at 2015,year-end:
Under 25 million shares,diluted;
Market capitalization(MC) at 2015,year-end:
$50 -$75 million!!
Frosting on the cake:
M&A acquisitions and did it on the CHEAAPPPPP: Add another $25 million to the MC.
odds:
25% chance before 2016,MC above $50.0 million!!
35% chance before 2017,MC above $50.0 million!!
45% chance before 2018,MC above $50.0 million!!
55% chance before 2019,MC above $50.0 million!!
ps-I'm pretty sure all the engineering/development have been done/expensed and this company should be busy 100% embarking on MONETIZING their fruit of labor.