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Geez, the spread between the bid and ask on SCDA is ridiculous. Currently 16 cent spread, which equates to a over $4M market cap loss or gain on a single share that is traded.
That's a good contract. More importantly, it shows the scope of the market B-Scada can capture. There things to monitor all over the world, whether it be hotels, manufacturing plants, transportation, energy, etc. A 242 room hotel in Algeria is just the tip of the iceberg if B-Scada and their partners can sell Status effectively.
SCDA posts an update
http://finance.yahoo.com/news/b-scada-reports-preliminary-32-130000128.html
As insignificant as 67k shares is to Joe's holdings, perception is everything and the perception of selling in the $1.60's after being XXII biggest advocate isn't positive. Imagine if he made a 65k share *buy* in the open market, using some of that large salary he is awarded. The perception would be very positive and XXII would probably be up 30 cents tomorrow and shorts would be scrambling and Joe's 6 million shares would gain over $1 million in paper value vs cashing out @ $100k.
As I said before, it would be nice if the Board of Directors showed they were as positive about XXII's future as its devout shareholders on this board...and were adding to their paltry position at these levels. At least Henry ain't selling a share until $8+ and Charden ain't budging from $9 (for what its worth).
It would be nice if some of the deep-pocketed Board of Directors (or other officers) showed a little confidence in XXII's future and purchased some shares at these levels. You, me, and Henry's mother-in-law shouldnt be the only buyers supporting this stock...
Anyone attend or hear feedback from yesterday's LD Microcap conference presentation?
8-K transcript of the CC released after the market close.
http://ih.advfn.com/p.php?pid=nmona&article=64562206&symbol=XXII
Richard Sanders was trying to get a parting thought off after Henry's concluding statements but the operator cut him off.
It would be a good show of confidence if some of these board members would add to their paltry positions in XXII.
Doesn't take much volume to get this moving.
I'm wondering how sales are progressing. The quarterly filing sounded like things were going well, so surprised they havent been pr'ing contract awards. I guess we will learn more in time. As for now, nice to see the stock creeping up.
I'm not too concerned about Terren's involvement with Milken in the 80's. He seems to have kept clean and been successful since then, judging by all the financing deals he does via Crede in the $10M-$30M range. However, Terren's previous Chinese joint venture 3 years ago didnt seem to yield much, from what I researched...which has me a bit concerned that he can pull off the sort of deal between XXII and China National Tobacco that many of us thought was imminent.
http://terrenpeizer.com/china/
Considering revenue was $570k last Q, an additional $500k (averaging out to $125k ea Q) would certainly be a significant contributor to 2015 revenue growth. Its interesting how Ron could even venture to guess would how successful the new venture would be. I dont know if its pie-in-the-sky or if he and Coneti can gauge interest somehow. Anyway, certainly seems like a positive development. The market they are targeting is large so upside (possibly significant upside) is certainly a possibility (as is coming short of expectations). Hoping Captain Ron can guide this ship to $1+ sooner or later.
Yeah, on the surface, sounds like the capital raise is going to good use. Not sure the dynamics of the agreement w/ Coneti, but I'm sure we will learn more in the next SEC filing. Adding $500k in sales right off the bat is good but hopefully this is just a starting point and springboard for much larger international revenue in the future. And I'm encouraged by "will produce an immediately successful company." I read that as adding to EPS from the start (?). That would be great. Ron seems to have a vision to grow the company but also has an eye on managing the day-to-day in a prudent way.
B-Scada Subsidiary Opens in Spain
CRYSTAL RIVER, FL--(Marketwired - Nov 3, 2014) - B-Scada, Inc. (OTCQB: SCDA) announced today the opening of its Spanish subsidiary. The subsidiary will provide improved sales, service and support to Spanish and Portuguese speaking customers worldwide. "B-Scada Spain will help us attract new customers and communicate better with our existing customers," says Ron DeSerranno, CEO for B-Scada. "Business is conducted differently in different parts of the world, and the office in Spain will provide a new point of contact for our LATAM (Latin America) and EMEA (Europe, Middle East and Africa) resellers and end users." Coneti Consultores, a Spanish consulting firm and reseller of B-Scada systems, will be providing the initial talent and management for the new company. "Coneti knows our systems, knows our staff and has delivered many successful software and hardware systems over the past several years," says DeSerranno. "They also have successful deployments of B-Scada systems in Spain and Angola, including the first deployment of Status Enterprise in a manufacturing environment. This combination of technology and talent will produce an immediately successful company." B-Scada estimates that the Spanish subsidiary could contribute $500K to annual revenues in the first year of operations. The new company will also be seeking talent to grow the business in Spain and is looking forward to meeting companies that may require B-Scada products and services.
CRYSTAL RIVER, Fla., Oct. 28, 2014 /PRNewswire/ -- CIO Review Magazine recently released their Manufacturing Technology Special Edition, which included their list of the "20 Most Promising Manufacturing Tech Solution Providers" based on research of over 300 companies focused on providing tech solutions and consulting services to manufacturing companies. B-Scada, Inc. was selected for inclusion in this exclusive list of top solution providers. As part of the review process, B-Scada CEO Ron DeSerranno was interviewed, and B-Scada received a full-page profile in the magazine.
B-Scada continues to distinguish itself as a leading name in data acquisition and visualization technology, and continues to receive recognition and appreciation for their innovative approach to SCADA and HMI software. The full CIO Review profile can be read here: http://magazine.cioreview.com/october-2014/Manufacturing/
B-Scada to Attend Remote Monitoring and Control Conference 2014
Wednesday, October 8, 2014
CRYSTAL RIVER, FL: B-Scada has been booked as a Gold Sponsor of the upcoming Remote 2014 trade show featuring the SCADA Technology Summit this November 5 - 7. B-Scada CEO, Ron DeSerranno, will be making a featured presentation on the "Impact of OPC UA and Information Modeling on Monitoring Solutions" at 9:30am on Nov 6, and you can find the B-Scada exhibition at booths 27 and 28 throughout the conference.
About Remote 2014
Remote Monitoring & Control 2014 will be held November 5-7, 2014 in Las Vegas, NV. This conference will cover the latest advancements for monitoring and managing distributed equipment and facilities via recent developments in SCADA, remote networks (wireless & wired), security (cyber & physical), automation, onsite and back-up power, M2M and all other manner of technology that allows for the management of remote assets. Learn more at: http://www.remotemagazine.com/conferences/
B-Scada Growth Continues, European Subsidiary to Open in November
8:01a ET September 23, 2014 (Market Wire) Print
B-Scada, Inc. (OTCQB: MOBS), a software solutions provider specializing in the development and deployment of HMI/SCADA systems, announced today they are joining forces with Coneti Consultores to expand B-Scada's presence in Europe. Coneti is a systems integration, consulting firm and premier reseller of B-Scada solutions. B-Scada will be creating a wholly-owned subsidiary in Spain with new offices scheduled to open on November 1st, 2014.
B-Scada will now offer our products, services and support in Spanish and Portuguese, and we will have a local presence in Europe as well as the ability to expand our products into the European Union and Africa. By bringing Coneti's experienced management, sales and development staff on board to build the Spanish office, we ensure customers will receive the same expert consulting services, training, and technical assistance they've come to expect from B-Scada.
"B-Scada and Coneti share the goal of providing the best possible solutions and service to our customers," said Ron DeSerranno, CEO. "We've had a great working relationship with Coneti over the years and it's exciting for us to take it to the next level."
About Coneti Consultores Coneti Consultores is a solutions provider for businesses seeking to reduce the costs and risks associated with their information technology -- hardware and software. Coneti's knowledgeable and experienced team partners with companies large and small to help achieve their I.T. goals. Service offerings range from complete management of a business's I.T. department, consulting services, systems integration, and software development to developing technical training programs for onsite or online delivery. Coneti's goal is to be a single-source solutions provider assisting their customers in meeting their strategic business objectives. For more information visit www.coneti.es.
B-Scada Reports Consecutive Quarters of Record Revenue
8:02a ET September 16, 2014 (Market Wire) Print
B-Scada, Inc. (OTCQB: MOBS), a software solutions provider specializing in compelling visualization technology and HMI/SCADA products, today reported financial results for its third quarter of FY2014 ended July 31, 2014 (3QFY14) and first nine months of fiscal year 2014 (9moFY14) compared to the third quarter (3QFY13) and first nine months of fiscal year 2013 (9moFY13). It is the second consecutive quarter of increases in revenue and net income as compared against prior quarters.
3QFY14 highlights compared with 3QFY13:
-- Revenues increased 69% to $574,315 -- an increase of $234,171 from
$340,144
-- Customer development services for contracts entered into in FY2013
accounted for most of the $234,171 increase in technology
licensing and support revenues
-- Sales & Marketing costs were $81,879, an increase of $32,255 or
65%
-- Marketing, internet pay-per-click advertising, and payroll and
related costs are the major contributing factors in the increased
costs
-- General & Administrative expenditures were $192,764, an increase
of $67,459 or 54%
-- Increase is primarily due to building infrastructure to handle
anticipated customer demand
-- Net income increased 133% to $181,553, an increase of $103,613 from
$77,940
-- Major contributors were increases in technology licensing and
support revenues, customer development services and customer
training
9moFY14 highlights compared with 9moFY13:
-- Revenues were $1.418 million, an increase of $362,830 or 34% from
$1.055 million
-- Service revenues were generated from implementation of our
software products and custom training provided to customers
-- Sales and Marketing costs increased to $254,054, an increase of
$87,022 or 52% from $167,032
-- Increases were due to expanded staff and payroll-related costs, as
well as additional marketing and advertising campaigns
-- General & Administrative costs were $428,751, an increase of
$147,424 or 52%
-- Increase is primarily related to payroll and related costs,
repairs and maintenance and professional and consulting fees
-- R&D expenditures were $87,450, an increase of $22,723, or 35% over
$64,727
-- Payroll and related costs increased slightly as work on the
release of our new product, Status Enterprise, moved forward
-- Net Income increased 12% to $353,766, an increase of $36,499 from
$317,267
"We believe the increases in revenue are a reflection of the increased confidence the market has in our products and expertise," said Ron DeSerranno, CEO. "The Status Enterprise HMI/SCADA system introduced into the market this spring is being very well received. It will begin to have a positive influence on our revenue this fall. The additional $800,000 in equity financing received by the Company this summer will be used to further promote the Company and our products globally. We anticipate growth to accelerate in 2015."
Comparison of the Three Months Ended July 31, 2014 and 2013 The following tables set forth, for the periods indicated, certain items from the statements of operations along with a comparative analysis of ratios of costs and expenses to revenues.
For the three months ended July 31,
------------------------------------------
2014 2013
-------------------- --------------------
(Unaudited) (Unaudited)
-------------------- --------------------
% of % of
Amounts Revenues Amounts Revenues
---------- --------- ---------- ---------
Revenues
Technology licensing and
support $ 497,632 87% $ 249,515 73%
Commercial software 76,683 13% 90,629 27%
---------- --------- ---------- ---------
Total revenues 574,315 100% 340,144 100%
---------- --------- ---------- ---------
Operating expenses:
Technology licensing and
support 53,742 9% 39,566 12%
Commercial software 52,667 9% 38,699 11%
Sales and marketing 81,879 14% 49,624 15%
Research and development 6,853 1% 4,870 1%
General and administrative 192,764 34% 125,305 37%
Depreciation expense 3,672 1% 1,307 --
---------- --------- ---------- ---------
Total operating expenses 391,577 68% 259,371 76%
---------- --------- ---------- ---------
Other (income) expenses 1,185 --% 2,833 1%
---------- --------- ---------- ---------
Net Income $ 181,553 32% $ 77,940 23%
========== ========= ========== =========
Basic earnings per common share $ 0.01 $ --
========== ==========
Diluted earnings per common
share $ 0.01 $ --
========== ==========
Comparison of the Nine Months Ended July 31, 2014 and 2013 The following tables set forth, for the periods indicated, certain items from the statements of operations along with a comparative analysis of ratios of costs and expenses to revenues.
For the nine months ended July 31,
------------------------------------------
2014 2013
-------------------- --------------------
(Unaudited) (Unaudited)
-------------------- --------------------
% of % of
Amounts Revenues Amounts Revenues
---------- --------- ---------- ---------
Revenues
Technology licensing and
support $1,194,634 84% $ 751,387 71%
Commercial software 223,227 16% 303,644 29%
---------- --------- ---------- ---------
Total revenues 1,417,861 100% 1,055,031 100%
---------- --------- ---------- ---------
Operating expenses:
Technology licensing and
support 134,435 9% 99,495 9%
Commercial software 150,189 11% 111,102 11%
Sales and marketing 254,054 18% 167,032 16%
Research and development 87,450 6% 64,727 6%
General and administrative 428,751 30% 281,327 27%
Depreciation expense 7,752 1% 3,851 --%
---------- --------- ---------- ---------
Total operating expenses 1,062,631 75% 727,534 69%
---------- --------- ---------- ---------
Other (income) expenses 1,464 --% 10,230 1%
---------- --------- ---------- ---------
Net Income $ 353,766 25% $ 317,267 30%
========== ========= ========== =========
Basic earnings per common share $ 0.01 $ 0.01
========== ==========
Diluted earnings per common
share $ 0.01 $ 0.01
========== ==========
A positive report, imo. Sounds like the new Status is seeing some interest. 100 different potential customers listened to the presentation. 3 have already signed on, 20 more in the pipeline (?) which sounds like they are going to be customers. I think the recent capital investment will enable them to beef up the sales and tech force. New versions of the software being created now in order suite different types of customers. Etc. Sounds like a company on the rise. Also nice to see them maintaining profitability during this time of transition and growth.
Uggh. We can now buy lower than Yorkmont. I did my part and added shares, as I'm hoping this is just a temporary dip. That financing press release didnt explain anything and probably made someone nervous enough to bail. We might be in a slump for awhile until we start getting some sales.
dwiggmd, what keeps you a shareholder in MOBS if you are so nervous/sour on it?
The sales cycle can be up to a year so I think we will see sales kick in soon enough, especially once a bigger sale force is in place. I do, however, share your cautious outlook because of the lack of recent news flow. Frankly, I excepted more action by now. I'm not adding any shares until I see a stream of positive announcements. As far is Ron is concerned, I agree he seems to be a CEO with integrity and is trying to position the company for success. He just purchased scada.com for $180k and the Q's and K's discuss intentions of bigger things in B-Scada's future. Doesnt sound like they plan on throwing in the towel anytime soon.
Can Ron and his team pull it off? Time will tell. They are going after a pretty big market with pretty big players, and B-Scada is a tiny player. I see MOBS as a possible home run (or a possible "oh well...they tried"). Again, time will tell.
TheDane, see Note 7 in the filing:
NOTE 7. - EQUITY INVESTMENT AND ADVANCE
On April 11, 2014, the Company, through a newly formed wholly-owned subsidiary, Botanical Genetics, LLC, entered into an agreement (the “Agreement”) with a certain plant biotechnology company (the “Investee”). The Agreement calls for the Company to make an initial investment of $250,000 in return for (i) a ten percent (10%) equity interest in the Investee, and (ii) certain rights granted to the Company for four patent families (the “Intellectual Property”). The $250,000 investment was made on April 14, 2014. Upon certain milestones to be achieved by the Investee, which are expected prior to September 30, 2014, the Company will make an additional investment in the Investee in the amount of $450,000 in return for (i) an additional fifteen percent (15%) equity interest in the Investee, and (ii) a worldwide license agreement to the Intellectual Property, including an exclusive license agreement within the U.S. In addition, upon the achievement of the milestones, the Company will grant 150,000 shares of the Company’s common stock to the Investee. On the one year anniversary of the milestone achievement, the Company will grant shares of the Company’s common stock with an aggregate market value of $325,000 at the time of the grant. In January 2014, the Company made a non-interest bearing advance to the Investee in the amount of $92,894 that will be applied to the payment of patent costs relating to the Intellectual Property to be included in the license agreement. The Company does not control nor exert significant influence over the Investee and therefore carries the investment at cost.
B-Scada recently bought the domain www.scada.com for $180k. That helps get a high page rank organically when people search for SCADA info online. I've noticed they are also using google adwords for advertising. These things may work but hiring extra sales people should get the ball rolling faster. They have run a pretty tight ship and are competing against some huge companies with much larger advertising budgets. $800K at 10% dilution seems like a conservative and prudent capital raise to me if it helps generate sales. Of course we shareholders would all like better terms than 33 cents, but I guess thats what they could get at this point and they took it.
Based on the response to my question directed to IR, yes, I think the financing they agreed to with Yorkmont was "measured" in that they shopped around and it was the best terms they could find at this time.
Yeah, they had @ $800k in the bank before this other $800k financing, so $1.6M gives them more money to spend on additional personnel and maybe some sort of small, complimentary acquisition. I guess we will find out sooner or later. Ron, the CEO, owns tons of shares so I'm sure every move is carefully measured.
I think the money will be used mainly for general marketing of the new Status Enterprise 2.0 and to add more sales personnel. They also plan on expanding their software offering as per the filings, so more technical staff wouldnt surprise me.
An acquisition wouldnt be out of the question but not sure what an extra $800k in the bank would get them. Not much. I'm hoping they land some significant deals like the $2M contract they got a couple of years ago. That would help MOBS put up some good EPS numbers and these 2.4M shares of dilution wont seem so bad when we trade over $1
I added 10165 shares today...we will see how it plays out in 6 months.
.01x.02
wow, this Choose Rain CEO really f'ed this up, huh
Down @ $1 in 30 or so hours. Ouch.
Actually, the 8-K was good news. If NASCO deadline expired without the MSA, then people would be more unsettled. MSA could be granted any day so its better to cover your bases now in case it didnt happen by the previous May 31st deadline. That's how I see it.
I think @ 2 cents/share. Sold out last year and took a massive loss. CEO really f'd up here with the (now bankrupt) Colorep merger that never happened. He stopped responding to my questions, so I took the hint that this stock had no future.
Looks like a Form 4 from Sanders. 20k share buy in the open market.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9981279
bkon, that's a good question. My guess is that the NASCO agreement was made when XXII's share price was @ the $1 range and any upside to XXII shares as of the closing would be upside to the NASCO principals. Therefore, 640k shares would be issued at current share prices (making the deal worth over the $1M). I could be wrong but that's my guess.
I found this interesting tidbit in a recent SEC filing:
"Mr. Sicignano established a 10b5-1 trading plan that provides for up to 25,000 shares of common stock to be sold at prices in excess of $8.00 per share; 25,000 shares of common stock to be sold at prices in excess of $9.00 per share; 50,000 shares of common stock to be sold at prices in excess of $10.00 per share; and 50,000 shares of common stock to be sold at prices in excess of $12.00 per share."
Sounds like Henry doesn't plan on selling shares below $8
So XXII has now lost @ $45M in market cap since Monday's open of $2.98 after the $45M shelf was announced. Ouch. I would have loved a BAT strategic investment instead of a surprise shelf announcement, but I'm still optimistic XXII make the right moves to reward patient stakeholders.
I saw 3.18 x 3.19 right at 4:00, then they drop it 3.13 seconds after. Strange trading here, for sure.
Any MJ or China news, and I think momentum traders will take us past the old high. MSA news would be nice one of these days, too. Lots of eyeballs on XXII as the shareholder meeting approaches.
In the December presentation, Henry said they will market Magic and Red Sun in a similar way as he did with American Spirits....ie, start in specialty tobacconist shops, gain a buzz/following, then expand to more mainstream retail outlets. I believe the keynote speaker at last year's shareholder meeting owns 200+ specialty tobacconists (Colorado-based), so they already have a plan and connections in place. Heavy upfront marketing expenses are not part of the initial plan, from what I can tell. Sanders, who oversaw Santa Fe Natural's rapid growth as CEO, and who is still an adviser to them as well as Reynolds American, probably has a few plans and connections, as well...
Another positive Seeking Alpha article out on ICTL:
http://seekingalpha.com/article/1992901-international-commercial-television-flagship-product-international-expansion-should-drive-substantial-upside?source=email_rt_article_readmore&uprof=44
Seeking Alpha article on ICTL out this afternoon:
http://seekingalpha.com/article/1991831-international-commercial-television-a-compelling-investment-opportunity?source=email_rt_article_readmore
RSFF-2.8M float. You could buy the entire float (or market cap) on a grocery store bag boy's salary.
Company's products already in store and restaurants in FL and plan to expand globally.
Looking for much higher prices.
Business profile just UPDATED on otcmarkets.com
Looks like RSFF is ready to reverse merge and go prime time any day now. With only a 2.8M float, RSFF could be ready to run well past 10 cents at any time.
http://www.otcmarkets.com/stock/RSFF/company-info
There will be more shares outstanding than I first thought. That said, ESES already has a LOI in place (announced in December) to bring in some good sized revenue. From the pr:
" Based on the drilling rigs contracted by the customer and the anticipated time to drill each well, EcoStim estimates that it will be conducting well stimulation work and coiled tubing efforts on approximately 100 well stimulation stages depending on the timing of operational start-up. The price of each stage will be based on market prices which will be agreed to in the commercial contract. EcoStim management estimates that prices for this service ranged between $180,000 and $300,000 per stage this year."
If you take the mid-point range between $180k - $300k, we get $240k per stage in revenue. Times that by 100 stages and we arrive at revenue of $24,000,000 for this one contract. no idea what the margins are like, but ESES has a highly successful and veteran management team, so I'm guessing they know what they are doing. And this is just one contract. Many more to come.
Still think ESES will be a major home run for early investors like us.
With the small amount of shares currently outstanding, ESES market cap is just over $2M. With the knowledge the founders and executives at EcoStim have founded and run multi-billion dollar companies in the past, and already have agreements with some of the largest oil companies in the World, I doubt we stay sub-VIGS level for long. I'm tucking my shares under the pillow and letting this play out. Could be the ride of a lifetime if they can repeat and create a billion dollar company here.