is...trying to make some money!
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I bought more than that today.
So after close today there's definitely 14 or less days left. :)
Any day now.
We're 15 trading days away from the Q2 report. I imagine we'll get confirmation of it being on time via Chuck before that date.
The level PIHN is trading at right now is a steal. It's like money in the bank. Plus - I'm not up late worried about my investment, doing DD every night. I sleep well knowing this is worth many times .0007 and that it will become obvious to everyone else soon.
Until that time I'm trying to stack the shares deep, buying into any weakness. I'm hoping to add more to my position before the next run begins, which I can see starting in the next 5-10 trading days.
Anybody hear back from Chuck?
We're less than 10 days away from a major run IMO. 3 months of revenue to be reported on time according to Kuni. They will post a nice profit, $200k-350k IMHO, if they keep expenses inline with the last earnings statement.
I can't wait for May.
KING taking off again. HOD any minute now.
.0028 getting pounded!
KING up on heavy volume
.006 today at KING
OS is the same. It really moves with some volume.
Cracking .006 seems very likely at this point. I hope to see good volume today. GLTA
Why would they RS while management owns 40% of OS?
May 15th is getting closer. There will be a run into that date for sure. Buying more now is like money in the bank.
Don't start that again.
These form T's defeat the purpose of a stock market, no? A big percent of daily volume has been diverted recently. I guess I just don't understand how a form T buyer is matched with a seller. With PIHN it seems like they get all of the T-trades at the low of the day, meanwhile the rest of us have to buy higher.
At some point the speculators step in again and drive this up. Judging by the earnings, no US expansion and moderate account growth, I think PIHN could do $1 million per year in profit. Expenses related to the acquisitions ate up a lot of that in October. That should support a share price of .007 to .008 IMO. Add in some inorganic growth or a big increase of accounts and this goes well north of that.
If you break down Staff IS's revenues, the profit margin was very high. They cleared about $300k on about $770k revenue for 2 months. That was a very good buy. I'm betting we'll see more of this from Kuni soon.
This PR makes it clear that only two months of earnings were included. That had a lot of us confused on the previous earnings PR. With 3 months we should see a solid profit and a huge increase in SP. Next one promised on or before May 15th.
The US expansion should be in the works as well. Lots of positive news on the horizon. I still think this will be trading 6 times the current levels when Kuni delivers any profit with current SS.
I was told the same thing when I asked yesterday. SS remains the same
This is big!
Yes,
granted SS doesn't change.
We're at thick support. We'll see...
I just added more. No where but up to go from here.
I agree. This will be active for several months. We have only touched the top of 200 DMA.
We're looking at two PR's in the near future. Kuni said he'd PR about the US expansion. IMO that comes in the next few trading days. Q2 report is due on time with a full three months of earnings. If they keep expenses at current levels and similiar revenues we are still looking at least a $130k profit.
Agreed, Sellers will be disappointed next week...
$722k in revenue this quarter, $1 million + next with a full three months IMHO. At a 40% gross margin!
NEWS OUT AT PIHN!
LINK:
http://finance.yahoo.com/news/Polaris-International-prnews-785894219.html?x=0&.v=1
Press Release Source: Polaris International Holdings, Inc. On Wednesday March 31, 2010, 5:45 am
LOS ANGELES, March 31 /PRNewswire-FirstCall/ -- Polaris International Holdings, Inc. (Pink Sheets:PIHN.pk - News), a global IT outsourcing services company with a U.S.-Japan dual market base today announced unaudited consolidated financial results for the first fiscal quarter of 2010 ended December 31, 2009 (all figures in U.S. dollars).
During the quarter ended December 31, 2009, the Company completed the acquisition of the IT business of Staff IS Co., Ltd. and Polaris Technologies, Inc. in Japan and established its core operations. Polaris Technologies became an ASP division of Staff IS. These acquisitions have provided the Company steady revenues, experienced staff and high profile customers. An application service provider (ASP) is a business that provides computer-based services to customers over a network.
"Our subsidiary in Japan performed well, despite an increasingly difficult economic environment," said Kuni Misawa, CEO/President of Polaris International Holdings, Inc. "Our operations in Japan continue to expand. Additionally, the Company currently plans to launch U.S. based business activities in the second quarter of 2010 while our focus remains on research and exploring additional outsourcing service companies as potential acquisition targets in North America."
2010Q1 Financial Summary
2010Q1 Financial Statements include Real Estate division financials of Staff IS Co. The former owner of Staff IS has agreed to separate its real estate division from Staff IS within six (6) months from November 1, 2009. Until the separation has been completed, interest payments on the mortgage shall be deducted from the purchase price of $1.7 million.
IT division of Staff IS in Japan had $722,254.00 in revenues with $84,078 EBITDA for the two months, November and December, 2009.
Total consolidated revenue for the quarter ended December 31, 2009 was $722,254.00. The revenues were primarily attributable to operations in Japan.
Total consolidated expenses for the quarter ended December 31, 2009 were $750,153.00. The expenses were primarily attributable to cost of materials, salaries and management costs, and other general and administrative expenses.
The Company raised a total of $94,053 through the sales of restricted Series B Preferred Shares.
We have activated a "Registration for Updates" module on our website. Please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.polaris-int.com&esheet=6110223&lan=en_US&anchor=www.polaris-int.com&index=1&md5=ce31b8afdc36434fb2b2fd57207557f6 and register to receive periodic updates.
About Polaris International Holdings, Inc.:
Polaris International Holdings, Inc., a Delaware corporation with offices in Huntington Beach and Los Angeles, California and in Tokyo, Japan is in the business of supplying services for Network Infrastructure, ASP and Cloud Computing Solutions. Its management team is composed of seasoned international business professionals with over 60 years of expertise in technology, media, entertainment and investment industries. POLARIS with both a U.S. and Japan market base is well positioned for the global evolution occurring in IT services and is meeting this evolution with its progressive collection of 'Cloud Solutions and Services' for its corporate Fortune 100 clients. POLARIS' near term plan is to build out its 'Global IT Services' through acquisitions and/or strategic partnerships. The Company is currently engaged in due diligence with several international businesses which, if successfully completed, will significantly expand its territory from Japan to include other rapidly growing Asian markets and North American markets. http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.polaris-int.com&esheet=6110223&lan=en_US&anchor=www.polaris-int.com&index=2&md5=25f33ea83fd84fb4ad033190f54596cf
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
NEWS OUT!!! LINK:
http://finance.yahoo.com/news/Polaris-International-prnews-785894219.html?x=0&.v=1
Press Release Source: Polaris International Holdings, Inc. On Wednesday March 31, 2010, 5:45 am
LOS ANGELES, March 31 /PRNewswire-FirstCall/ -- Polaris International Holdings, Inc. (Pink Sheets:PIHN.pk - News), a global IT outsourcing services company with a U.S.-Japan dual market base today announced unaudited consolidated financial results for the first fiscal quarter of 2010 ended December 31, 2009 (all figures in U.S. dollars).
During the quarter ended December 31, 2009, the Company completed the acquisition of the IT business of Staff IS Co., Ltd. and Polaris Technologies, Inc. in Japan and established its core operations. Polaris Technologies became an ASP division of Staff IS. These acquisitions have provided the Company steady revenues, experienced staff and high profile customers. An application service provider (ASP) is a business that provides computer-based services to customers over a network.
"Our subsidiary in Japan performed well, despite an increasingly difficult economic environment," said Kuni Misawa, CEO/President of Polaris International Holdings, Inc. "Our operations in Japan continue to expand. Additionally, the Company currently plans to launch U.S. based business activities in the second quarter of 2010 while our focus remains on research and exploring additional outsourcing service companies as potential acquisition targets in North America."
2010Q1 Financial Summary
2010Q1 Financial Statements include Real Estate division financials of Staff IS Co. The former owner of Staff IS has agreed to separate its real estate division from Staff IS within six (6) months from November 1, 2009. Until the separation has been completed, interest payments on the mortgage shall be deducted from the purchase price of $1.7 million.
IT division of Staff IS in Japan had $722,254.00 in revenues with $84,078 EBITDA for the two months, November and December, 2009.
Total consolidated revenue for the quarter ended December 31, 2009 was $722,254.00. The revenues were primarily attributable to operations in Japan.
Total consolidated expenses for the quarter ended December 31, 2009 were $750,153.00. The expenses were primarily attributable to cost of materials, salaries and management costs, and other general and administrative expenses.
The Company raised a total of $94,053 through the sales of restricted Series B Preferred Shares.
We have activated a "Registration for Updates" module on our website. Please visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.polaris-int.com&esheet=6110223&lan=en_US&anchor=www.polaris-int.com&index=1&md5=ce31b8afdc36434fb2b2fd57207557f6 and register to receive periodic updates.
About Polaris International Holdings, Inc.:
Polaris International Holdings, Inc., a Delaware corporation with offices in Huntington Beach and Los Angeles, California and in Tokyo, Japan is in the business of supplying services for Network Infrastructure, ASP and Cloud Computing Solutions. Its management team is composed of seasoned international business professionals with over 60 years of expertise in technology, media, entertainment and investment industries. POLARIS with both a U.S. and Japan market base is well positioned for the global evolution occurring in IT services and is meeting this evolution with its progressive collection of 'Cloud Solutions and Services' for its corporate Fortune 100 clients. POLARIS' near term plan is to build out its 'Global IT Services' through acquisitions and/or strategic partnerships. The Company is currently engaged in due diligence with several international businesses which, if successfully completed, will significantly expand its territory from Japan to include other rapidly growing Asian markets and North American markets. http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.polaris-int.com&esheet=6110223&lan=en_US&anchor=www.polaris-int.com&index=2&md5=25f33ea83fd84fb4ad033190f54596cf
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
PIHN Earnings are out, PR Shortly!
This is most excellent IMHO!!!
You have to remember that we're talking about two companies. $722k revenue off of $410k to make that revenue. That is a great number. I'm not sure how that is divided between the two. Going forward this will drive the price of PIHN. A (edited, sorry it's early!) 43% margin is unreal.
BUT, also note that we're looking at 2 months of revenue for the period ending 12/31/09. After all expenses, everything, long term debt payments, interest, leases, etc - we're left with a small $27k loss. This period included the integration of the accquisitions into Polaris, so extra administration expenses and debt conversion were already baked in.
Now Q2 is completely different - With a full three months of revenue, I see no reason why the fully integrated companies can't do $1 million in sales. This is due on timeaccording to Mr. Misawa.
With a 40% margin and the US accquistion in the works this thing is sitting north of .01 at fair market value. The next couple days might be crazy...
Am I dreaming? PR in the AM you think?
75% profit margin - $722k in revenue & $410k cost of goods sold
Next quarter revenues should exceed $1 million.
<MoMo> action when the PR hits!!!
$750,000 revenue for the quarter ended 12/31/09!!!
These prices for PIHN is a gift. Kuni will deliver the goods and this thing will fly.
Chart is still looking sweet. It's setup nice. Volume was key today. It broke it's declining trend.
That was our final shakedown... I hope... lol
Deliver the goods Kuni! Go PIHN!
That primed the chart for lift off...