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me too.. got some 0.03 and 0.035 today... glta!
MMs running out of shares?
Level 2 asks:
UBSS 0.0494
NITE 0.0495
ETMM 0.14
All others at $2...
GLTA!
10-Q for 31 Dec 2010 any moment now. STTN filed 10-Q for 30 Sept 2010 on 12 November 2010 (2 days ahead of deadline)... Hopefully, another profitable quarter. GLTA!
it's been a long time for an update which i personally don't expect... i expect status updates on joint venture with Onyx, that $25m contract with Alcoa, financials.. not this one..
but i hope this is just a teaser as people may have lost interest...
still holding... GLTA!
no. i am expecting a quarterly filing on or before 15 feb.
read first the agreements before you make conclusions and assumptions. the agreements are valid for one year ie means STTN and marketing partners have until june/july 2011 and these are potential business or revenues...
you need to read the history more.. max that he can own is 45m shares.. majority of current sale revenue of Smart-tek comes when he joined the company because of his contacts and experience with PEO business..
good luck!
RBD
do you need a calculator?
$13,580,358 / 211,467,837 shares = $0.0642
If I'm mistaken, I don't have a problem admitting it but so far, my calculator has batteries...
Keep well!
RBD317
Average purchase price of existing shareholders was $0.064 per share.
Page 4 - http://www.sec.gov/Archives/edgar/data/894537/000101905610000681/brightec_1q10.htm
1. Preferred stock at $0.001 par value has 5m A/S and 0 O/S. This may be reserve for future fund raising to augment working capital or CAPEX
Preferred stock, $.001 par value - shares authorized 5,000,000; shares issued and outstanding 0
2. Common stock O/S as at 19 May 2010 and as shown on 31 March 2010 Form 10Q
Common stock, $.001 par value - shares authorized 245,000,000; shares issued and outstanding 146,467,837 shares - $146,468
Additional paid-in capital $12,783,890
3. How much was the average purchase price of existing shareholders?
At par value (31 Mar) - $146,468
Additional paid in capital - $12,783,890
CEO purchase - $650,000
Total - $13,580,358
Divided by O/S (146m + 65m) - 211,467,837
Average purchase price - $0.064/share
GLTA!
just reading the fine print coming out of your post.. GLTY!
David Geffen owns 13.62% of BRTE
Same David Geffen who owns Geffen Contruction Inc (see Toucan's postings at http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58652578 )
David Geffen is a former director of DreamWorks Animation. Not only that, he controls 22% of the voting shares of DreamWorks Animation.
One can imagine what David can bring to BRTE... GLTA.. this is getting exciting...
i agree with the float of 63m shares.. to be exact it is 62.71m. however, i don't see the 5m preferred in http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=rhvG9VqdkJqnffJhKjy6zA%253d%253d&nt7=0
so far, i like what i see in here...
thanks for the DD!
GLTY!
kindly read the stick posts as we have compiled great info...
here's the background on the reduction of O/S
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57732922
STTN - Updated Valuation as at 5 January 2011
With the change in O/S to 24,314,124 shares (from 69,314,124), STTN is way undervalued.
Take note of the Industry Size where the company operates and the growth within the industry
http://www.smart-tekservices.com/faq.aspx
on FAQ # 6
It is estimated that between two and three million Americans are currently co-employed in a PEO arrangement. PEOs are operating in every state, and the industry has grown between 20-30 percent per year. Today, there are approximately 2,000 PEO companies who are responsible for over $18 billion in employee wages and related human resource and employee benefits.
Recomputation at 24,314,124 O/S shares
Computation at 69,314,124 O/S shares per Nov 18 share price when we discovered this gem
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56864178
u r welcome! Happy New Year too!
good things come to those who wait... much more when we see the 31 Dec results.. and current quarter (1 jan - 31 mar) is when Brian receives his shares... GLTA!
a private equity investment in an unlisted company has a certain lifespan where an investor needs to EXIT. it's not a question of how deep Leaddog's pocket is, it's the time horizon for each private equity investment. Leaddog would need an R/M candidate if it wants to EXIT via backdoor listing. CTNO could be one being identified to Chris...
doesn't matter much! i'm holding for a big gain. quarter of 1 jan - 31 march 2011 is where Brian will be entitled to shares based on the marketing contract. it is after when things will get interesting. in the meantime, accumulating shares at these levels may be a better strategy.
GLTA!
very good info! i think the key thing to watch is for Leaddog's private equity investments in unlisted companies. sooner or later, Leaddog is going to exit one of these investments and an R/M or backdoor listing will be a feasible way to exit and Chris being associated with CTNO puts CTNO on top of the list as possible R/M candidate.
GLTA and may 2011 be CTNO's year!
Have'nt look at it for a while. Just holding my shares and waiting.
I don't know. But, sooner or later (on or before end of Q3 March 2011), Brian will regain control. He's shy of $7m actual sales to reach the first $20m and thereafter (based on Sep 30, 2010 10-Q), he'll get 4.5m shares for every $1m actual revenue.
Either way, what is important is the recurring (and new) revenue and income streams which will benefit the shareholders of STTN.
Oops... as far as I recall, Brian is still the CEO, President and Chairman of the Board of STTN.
GLTA!
5. Concerning the sale of Smart-Tek Communications, a shareholder vote is not required by the company's bylaws. STTN was issuing the proxy out as an accomodation to the shareholders.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57393290
Rationale Behind 8-K, Form 4 & SC 13D/A Filings
Updated 13 December 2010
Below are the updates from Owen Naccarato based on my email conversation with him.
Reason for the cancelation of shares issued to Brian Bonar
The reason for the cancelled shares is that the original issuance was based on annualized gross revenue targets achieved which the SEC appeared to have difficulties with that basis for issuing shares. Therefore to simplify the calculation, the share issuance will now be based on the aggregate actual net revenue recognized that was introduced by the company by Mr. Bonar. In this manner, there will be no question as to the relationship to shares issued vs actual revenue produced.
Sales Milestone Covered by the Agreement
From the date of the original contract through the September 2010 10Q, Brian has introduced some $13 million in aggregate net revenue. The $20 Million mark will be reached most likely in the March 2011 quarter, where upon Brian will be earning his shares based on the terms of the amended agreement filed with the 8-K.
Revised form 4 and 13D filing
Brian will be filing a revised form 4 and a revised 13d today.
Form 4
http://www.sec.gov/Archives/edgar/data/947011/000114036110049283/xslF345X03/doc1.xml
Form SC 13D/A
http://www.sec.gov/Archives/edgar/data/947011/000114036110049406/doc1.htm
Updated O/S
There have been no new shares issued, so the shares outstanding would be the amount reported on the last filing less the 45 million shares cancelled.
A Message from Owen
A long period of time has transpired plus a lot of positive events have occurred since the first set of comments were issued – i.e. once the comments are cleared I believe the Management will proceed in a direction that will provide the greatest value to its shareholders.
****
GLTA!
What do you mean by "This does change his position I would think."?
He'll eventually get the first 4.5m shares during 3rd Quarter (which is March 2011) and he'll probably get the whole 45m shares before the end of the fiscal year which ends on june 30, 2011.
See below link for the rationale behind the 8-k, form 4, and SC 13D/A filings.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57711703
GLTA!
so, if there has been no dilution, there must have been accumulation? GLTA!
8K 13 Dec - Updates from Owen Naccarato
Find below are the updates from Owen based on my email conversation with him. GLTA!
Reason for the cancelation of shares issued to Brian Bonar
The reason for the cancelled shares is that the original issuance was based on annualized gross revenue targets achieved which the SEC appeared to have difficulties with that basis for issuing shares. Therefore to simplify the calculation, the share issuance will now be based on the aggregate actual net revenue recognized that was introduced by the company by Mr. Bonar. In this manner, there will be no question as to the relationship to shares issued vs actual revenue produced.
Sales Milestone Covered by the Agreement
From the date of the original contract through the September 2010 10Q, Brian has introduced some $13 million in aggregate net revenue. The $20 Million mark will be reached most likely in the March 2011 quarter, where upon Brian will be earning his shares based on the terms of the amended agreement filed with the 8-K.
Revised form 4 and 13D filing
Brian will be filing a revised form 4 and a revised 13d today.
http://www.sec.gov/Archives/edgar/data/947011/000114036110049283/xslF345X03/doc1.xml
Updated O/S
There have been no new shares issued, so the shares outstanding would be the amount reported on the last filing less the 45 million shares cancelled.
(CCTR) China Crescent Expansion Plan Into Projected $70 Billion Indian BPO Industry to Be Featured in Webcast Thursday
http://ih.advfn.com/p.php?pid=nmona&article=45549160
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a review of the Indian Business Process Outsourcing (BPO) industry will be included in a previously announced Webcast scheduled for Thursday, December 9. China Crescent recently announced plans to expand into the Indian BPO market to accelerate revenue growth and increase profit margins. The Indian BPO industry has experienced steady growth which is expected to top $70 billion in 2011. The Webcast is also set to include a review of the Company's recently filed third quarter report and update on ongoing independent analyst coverage. The Webcast will be posted to the Company's corporate website www.chinacrescent.com upon release.
China Crescent recently reported $50.9 million in revenue through the first nine months of 2010, compared to $30.3 million for the same period in 2009, a 67% increase. Additionally, the Company's net income for the first nine months of 2010 was $3.3 million, up from $1.9 million for the same period last year. China Crescent's revenue and net income through the first three quarters of 2010 have exceeded the Company's 2009 annual revenue and net income results. China Crescent achieved $45.6 million in 2009 annual revenue with $2.2 million in net income.
An analyst report was published on China Crescent on June 29, 2010 and is available on the Company's website www.chinacrescent.com. The June 29th analyst report was produced in conjunction with a year-long analyst coverage engagement after the Company reported its first quarter results. With the filing of China Crescent's third quarter results, the Company anticipates an analyst update may be issued to report on the Company's progress over the past few months. The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. China Crescent engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
Updates from Owen Naccarato
I had a few email exchanges with Owen Naccarato on sale of Smart-Tek Communications which I summarized as follows:
1. The time table for the sale of Smart-Tek Communications is directly related to the clearing of the SEC comments.
2. STTN has received the SEC Comment Letter and has not yet filed a response yet. STTN anticipates filing its responses shortly.
3. The SEC comment letter has not yet uploaded to EDGAR. It will be uploaded to EDGAR together with the company's comments.
4. Owen believes that STTN has a good handle on the comments of SEC.
5. Concerning the sale of Smart-Tek Communications, a shareholder vote is not required by the company's bylaws. STTN was issuing the proxy out as an accomodation to the shareholders.
***
If any of the STTN shareholders wish to contact Owen, here are his contact details:
Naccarato & Associates
1100 Quail Street
Suite 100
Newport Beach, CA 92660
Office: 949-851-9261
Fax: 949-851-9262
Cell: 949-300-2487
email: owen@owenn.com
http://www.sec.gov/Archives/edgar/data/947011/000114036110025602/xslF345X02/doc1.xml
GLTA!
Read SEC filings with respect to communications between the company and SEC filed in EDGAR..
http://www.sec.gov/Archives/edgar/data/745655/000000000010059035/filename1.pdf
http://www.sec.gov/Archives/edgar/data/745655/000107258810000269/filename1.txt
The are in EDGAR and those postings led me to believe they may be fore real.
GLTA!
it's in the filings.. The Registrant had 967,077,213 shares of Common Stock outstanding as of November 19, 2010.
the CD conversion may probably be ending right now.. i hope we are near bottom..
but financials look good.. profitable and retained earnings...
let's see on dec 9 (webcast) if we either praise the management or hate them...
I hope they will explain the drop in price.
GLTA!
i hope we are near.. and this is the bottom..
CCTR - Known Holders Based on Filings
I've searched SEC filings on who else could have owned this stock aside from NewMarket Technology, Inc., the Majority Shareholder of China Crescent Enterprises, Inc. which owns 51% of the voting rights based on this filing (page 4).
http://www.sec.gov/Archives/edgar/data/745655/000107258810000280/ccsedef14c.txt
Holders with Filings in 2010
For Houri Michael
his latest filings where he owns 16,883,879
http://www.sec.gov/Archives/edgar/data/745655/000114420410021450/xslF345X03/v181574_ex.xml
List of all his filings during 2010
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001484300
For Schoellerbank Invest AG
Portfolio listings as at 10/29/2010.
Schoellerbank Invest AG
Schoellerbank funds are supported by Schoellerbank Invest AG. Schollerbank Invest AG is one of the most innovative fund companies in Austria, with the strongest growth. The two main reasons for this are: Good performance of the fund, as well as innovative fund solutions. The company introduced alternative products to Austria, with the first money-market fund, the first umbrella fund, the first fund with inflation protection and fund saving. Schoellerbank Invest AG is also successful in the area of institutional investors, with individual special funds.
Managed fund volume: EUR 2.20 billion
Number of managed funds: 35
http://www.schoellerbank.at/023/home/page.jsp?notesId=G30FE0E
****
Although the holdings of Schoellerbank Invest AG is only 1m shares. At least it proves that this is a real company. A big mutual fund like Schoellerbank Invest AG must have followed certain protocol before making an investment decisions irrespective of the amount.
GLTA!
(CCTR) China Crescent 2010 100% Revenue Growth Potential and Goal to Reach $100 M to Be Presented in Webcast From Shanghai
Today : Friday 3 December 2010
China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced a Webcast scheduled one week from today on December 9th, 2010 to present the latest update on the Company's progress to potentially double its revenue in 2010 compared to 2009. The Company has announced a goal of not only doubling its revenue, but potentially achieving $100 million in revenue in 2010. The Webcast will include an update on the $100 million revenue goal.
Record 3rd Qtr Revenue of $51 Million with Net Income of $3 Million
China Crescent recently reported $50.9 million in revenue through the first 9 months of 2010, compared to $30.3 million for the same period in 2009, a 67% increase. Additionally, the Company's net income for the first 9 months of 2010 was $3.3 million, up from $1.9 million for the same period last year. China Crescent's revenue and net income through the first three quarters of 2010 have exceeded the Company's 2009 annual revenue and net income results. China Crescent achieved $45.6 million in 2009 annual revenue with $2.2 million in net income.
http://ih.advfn.com/p.php?pid=nmona&article=45487316&symbol=CCTR
i actually has started but stopped as i became busy with my day job... i'll have time over the holidays coming up as i am actually on vacation at that time.
i'm still comfortably holding though and not thinking of selling..
GLTA!
CCTR - undervalued?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57303273
Read the latest 10Q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7571254
They indicated that they have increased the A/S to 3bn shares and converted the loans and some preferred.
Consider this:
A. NAV per shares at maxed out A/S of 3bn
Net asset value per share = (total equity of $19,783,611 + long-term debt of $625,260) $20,408,871 / 3bn shares = $0.007 per share.
B. Estimated 2010 EPS at maxed out A/S of 3bn
Projected 2010 net profit ($2,948,447/9 months x 12 months) of $3,931,263 / 3bn shares = $0.0013 per share
C. Current PPS is at $0.003:
- Trading at 42% of NAV (undervalued?)
- Trading at PE of 2.3x (undervalued?)
consider that the company is in China? (undervalued?)
GLTA!
****
In October 2010, we filed a Definitive Information Statement in Schedule 14C indicating that our Board of Directors had authorized an amendment to our Articles of Incorporation increasing the number of authorized common shares from one billion (1,000,000,000) to three billion (3,000,000,000). This action was passed by the written consent of our majority shareholder and was effective on November 15, 2010.
Read the latest 10Q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7571254
They indicated that they have increased the A/S to 3bn shares and converted the loans and some preferred.
Consider this:
A. NAV per shares at maxed out A/S of 3bn
Net asset value per share = (total equity of $19,783,611 + long-term debt of $625,260) $20,408,871 / 3bn shares = $0.007 per share.
B. Estimated 2010 EPS at maxed out A/S of 3bn
Projected 2010 net profit ($2,948,447/9 months x 12 months) of $3,931,263 / 3bn shares = $0.0013 per share
C. Current PPS is at $0.003:
- Trading at 42% of NAV (undervalued?)
- Trading at PE of 2.3x (undervalued?)
consider that the company is in China? (undervalued?)
GLTA!
****
In October 2010, we filed a Definitive Information Statement in Schedule 14C indicating that our Board of Directors had authorized an amendment to our Articles of Incorporation increasing the number of authorized common shares from one billion (1,000,000,000) to three billion (3,000,000,000). This action was passed by the written consent of our majority shareholder and was effective on November 15, 2010.
i've looked at APRO and DFCO prior to investing in STTN. I've not seen any SEC filings on ownership of 10m with respect to Brian's on APRO. However, if I'm mistaken, it's only 18% of O/S of APRO vs 65% of O/S in STTN.
Plus, I've decided to invest because of historical growth in company's financials and I have read all SEC filings of STTN.
I've sent email to Brian and Owen on minor clarifications with respect to the last 10Q. Brian directed me to Owen as it is more of SEC filings rather than operational. Awaiting response from Owen.
GLTY and each one of us is entitled to his own opinion...