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Great post. I like the reasoning and I agree for the most part. Their marketing plan was to the military and that was pretty much it. They didn't go after commercial or retail sales. The government just takes way too long to do anything and a small company that lacks financing can't live like that. They hooked up Boeing for the border fence but Boeing lost that I guess. Boeing is late or missing deadlines on just about everything they do. They're in the paper here every other week about how they're not doing what they're supposed to on some project.
We have the Sacred Power alliance but that depends on the gov't so flip a coin. Our partnership with Spectrum brands sounds promising which would be the marketing factor that could really help fill in some finances. I think it comes down to marketing the products on a retail/commercial level. Big government contracts are really nice but they are too few and far between unless Cyberlux can hook up as a subcontractor to medium and large company's contracts. They need to subcontract for multiple companies' contracts and develop a strong reputation in the L.E.D. market to supply their technology in those projects. Boeing's Dreamliner (6 years late) airplane has all L.E.D. lights on it. These are the subcontracting contracts they need to land. I would love to know what industry insiders think of Cyberlux's technology.
Good Luck,
Sloth
Dreamliner interior pic (pretty nice):
http://ffog.net/wp-content/uploads/2010/11/Dreamliner-by-Boeing-All-Grounded.jpg
Good Point Monte! eom
So he gets off basically. So what happens to Plasticon? Is it dissolved or considered bankrupt?
Sloth
That's why all companies go public. To raise money. Some raise huge amounts doing an IPO if there's enough hype about the company but the other 99% aren't so lucky. I hardly think Schmidt's hope and dreams are based in Cyberlux.
Basically, your statement is that all penny stocks are out to fleece investors. How does a small public company become successful then?
What are steps that Cyberlux should take so they don't have to dilute?
That would make some good discussions here. If there's some good ones, I'll pass them along to Cyberlux.
The discussion about small companies screwing investors could go on forever because there's no substantiating it. It's all opinion about why a company dilutes. Of course, some will think all small companies are out to screw investors but that's just not true or logical. There's thousands of small companies trying to be successful and do right for their investors.
I think Cyberlux is attempting to do that so I remain invested.
Sloth
Like Mike has said many time, we know about dilution. The company has addressed it. They're paying down debt and it's been proved. We don't want dilution but the company can't get a loan. I doubt Spectrum Brands will loan them money but that would be nice.
They have to dilute. There's no getting around it. No different than any other penny stock that isn't generating enough revenue which is about 99.5% of them. We know things have improved with Cyberlux drastically in regards to sales, business growth, contracts and partnerships (Spectrum/Rayovac).
If management had only the intention of screwing over shareholders as the doom and gloomers like to reiterate, they would be taking huge salaries, maintaining or increasing the cost of running Cyberlux and not paying down debt. Their Q shows dramatic improvements in the cost of running the company and their profit margins. This last Q was the first profitable Q ever in the company's history. That's a huge milestone and tells me Schmidt is doing something that Donald Evans never could. If Evans was still running this company, we would have probably closed the doors already.
I don't mind looking at the bad but some previous statements are to fear monger rather than highlight negative facts or events.
Sloth
Complete agreement here. Again, JB has no clue about shareholder value. Like I've said many times, we will have to prevail as shareholders based on him growing the business and the company being impossible for new investors not to notice.
Sloth
LOL. The only problem with that doom and gloom spin is that the company is doing things contrary to that scare tactic statement.
We know the BOD owns shares, they've deferred salaries until biz turns around and the Q's reflect debt being paid down.
Neutral moderation provided in 4th gear on this board. LOL
Can't there just be moderation on this board without the spreading of scare tactics?
Sloth
S3 Investment Company Updates Progress of Closed Redwood Capital Clients
S3Investment Company, Inc. (Pink Sheets:SIVC) today provided updates on the milestones reported by clients of the company's wholly-owned Redwood Capital subsidiary, including the expansion of Boyuan Construction Group, Inc. into a new market and contracts valued at over US$45 million. Growth of Redwood Capital clients impacts the company, since part of Redwood Capital's compensation for its advisory services is paid in shares of the client's common stock. Redwood Capital assists private Asian companies through the process of accessing capital markets through Alternative Public Offerings (APO) transactions.
On January 4, 2011, Boyuan Construction Group, Inc., a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, which trades on the Toronto Stock Exchange under the symbol BOY, announced that it had initiated the building of a 60,000 square meter residential project on Hainan Island valued at US$10.9 million. The new project is expected to be completed in the third quarter of calendar 2011.
In December 2010, Boyuan Construction announced its expansion into Boao, an emerging city in Hainan Province, and the initiation of two residential construction projects with a Hong Kong-based property developer. The aggregate value of the two projects is US$27 million. The first project, which will include the construction of 17 residential villas with a total area of 13,000 square meters, is valued at US$3 million. The second project will consist of the construction of a 29-story residential building with a total area of 88,000 square meters. The US$24 million project is currently underway, and is expected to be completed in the second quarter of calendar 2012.
Earlier in December, Boyuan Construction initiated construction of a 40,000 square meter clubhouse facility in the new Serenity Marina located in Sanya, Hainan Island. The project has a contract value of US$7.5 million and is expected to be completed by the second quarter of calendar 2011.
Redwood Capital client China Infrastructure Construction Corp., a major U.S.-listed provider of ready-mix concrete headquartered in Beijing and traded on the U.S. Over-the-Counter Bulletin Board market under the symbol CHNC, announced its financial results for the second fiscal quarter ended November 30, 2010. Highlights of the report included an increase of year-over-year revenues for the second quarter of 35.4%; an increase in year-over-year net revenue to $4.9 million as compared with a net loss the previous year of $24.5 million; and year-over-year increases in gross margin, operating income, operating margin and earnings per diluted share.
China Infrastructure Construction Corp. also updated the new concrete mixing tower at its Beijing Yizhuang batching station. Concrete production from the new tower, which was installed in April 2010 and began production in May 2010, made up 25.6% of total output for the company's Beijing Yizhuang plant during the six months ended November 30, 2010. The total output of the station increased 10.3% year-over-year during the same six-month period.
"With all of the recent growth and progress in our own subsidiary operations, we have not had the opportunity to update the recent news from the Redwood Capital clients whose transactions have already successfully closed," said S3 Investment Company Chairman and CEO Jim Bickel. "With several new client signings and a conditional close in place for another Redwood Capital client, we fully expect there to be additional client company milestones to update in the future."
Hey! No dilution today. eom
I'm doing great thanks. Still waiting for the big deal/news. There has been a little more activity lately. I don't know if anyone has been in contact with anyone but I haven't heard anything new. Keep me informed if you do. I'm always around (knock on wood) so let me know if/when you hear something new.
Sloth
dneighnay, where did it say "earn up to 33 1/3%" on their investment? Did I miss that?
It reads:
"the Shanxi Venture Capital Fund will invest in the Redwood Asia Fund LP at a rate of 33.3% up to US$25 million."
I would venture to say that they'll receive 33.3% (or whatever percent up to $25m) of any fees, stock or charges that Redwood gets from the company that is being listed.
I'm sure the return will be good but definitely not anywhere near 33.3%.
Hope that helps.
Sloth
Thanks. I'm also hoping that these products begin to be bought commercially. That would mean more frequent sales. Of course, nothing is selling right now in this economy. If/when this country can get their finances in order, the states might start to rebuild its infrastructure which will require work to be done at night and Cyberlux's products are perfect for that. We're in a real mess of debt as a country so it may be a decade before we see any rebuilding if at all. Our country has fallen apart and there's not money to fix it.
Sloth
dakotasolar, you got that right. Lots of good things happening here but the S3 share structure is out of control. Supposedly, they are going to do a share buy back for 500m but it remains to be seen. This stock could be a blockbuster but there's a few ifs involved. We wait and see. I'm expecting big things still. It seems like yesterday that we did a reverse split to get the shares down to a low level. It didn't take too long to dilute that low number back up to the billions.
Sloth
Well, I guess it comes from the investment structure that when Redwood in going to invest in an APO, then Hebei Technology Venture Capital will match 25% of those funds up to $25 million.
So Hebei must like what Redwood is doing and trust their due diligence for the fact that they've committed these funds in advance. I think that says a lot about the kind of reputation Redwood is forming. Hebei is basically saying, you guys know what you're doing so we'll supply/match 25% of the total investment to get er done.
I think that's saying a lot about the quality of the companies with which Redwood deals and the thoroughness of their APO process in these previous closings.
Sloth
Redwood is a growth capital, draw down, private equity fund.
Drawdown - When a venture capital firm has decided where it would like to invest, it will approach its own investors in order to draw down the money. The money will already have been pledged to the fund but this is the actual act of transferring the money so that it reaches the investment target.
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.
So when Redwood decides to invest money into an APO, Hebei Technology Venture Capital Co. will be an investor and furnish up to 25% of those funds.
In the past, S3 would put up all the money and I remember JB telling me it took months and months to get back that money which back then stopped us from closing another deal since we had no funding. Now, we have Redwood with the Redwood Asia fund that finances the deals (hopefully multiple) and can do it in a way that speeds up the process. Now with Hebei, that allows Redwood access to even more money to throw around at APOs. This is a really good thing. I think the snowball has begun to roll and it should get pretty big in a year or so.
This is my take. I'm not really that smart in this type of stuff (or anything else for that matter) so take from it what you will.
Sloth
Novartis acquires Tianyuan...
http://au.legalbusinessonline.com/deals/...
Whether HTDS has anything to do with any of this is debatable. It sure doesn't seem like it since nothing can be verified as far as HTDS's associations.
Sloth
Etrade allows trading. Never had Etrade disallow any trades on any stocks. I've only seen it through Ameritrade which I also have. I think they heavily short stocks so they don't want to conflict their trading strategy by being long on stocks when clients sell.
Sloth
Hope that wasn't you Carp selling those 21k. You and I are the only ones left I think.
Sloth
Nice. Seems like there's more grease in the gears and things are functioning much more smoothly. Maybe now, we will begin to start seeing regular closings. The news yesterday about the matching funds gives me more confidence that deals will start to come in much more frequently. The big problem in the past was most likely financing as is with any new company. We shall see but it sure is looking much better lately. If/when, JB gets S3's share structure to a more investor-friendly level, we should see some big appreciation. This wll take a little time but during that time, we can close a few deals, get the medical side going and receive more assets (shares) in our client companies.
We seem to be creating a foundation for a really strong company. Think about it. We bring some powerhouse Chinese companies to these western markets. These aren't some rinky dink small companies struggling to survive. They are big, established companies that really thrive. We are creating a very nice portfolio.
Sloth
I think shareholders will be okay here nano.
JT is a superhero you know (it's been documented). He can do anything!
It's Getting some coverage:
(About a third of the way down the page)
Redwood Capital Launches VC Fund in Hebei
Silicon Valley-based Redwood Capital Inc. is to launch a US$125 million venture capital fund with a guidance fund that is sponsored by the Hebei government. (People's Republic of China)
http://www.asiape.com/newsflash/newsflash_issues/20110131.html
Sloth
S3 Investment Company Announces Matching Fund Agreement With Hebei Technology Venture Capital Co., Ltd.
S3Investment Company, Inc. (Pink Sheets:SIVC) and its wholly owned Redwood Group International subsidiary today announced that the Redwood Asia Fund, LP has signed a government matching fund agreement with the Hebei Technology Venture Capital Co., Ltd. Under terms of the agreement, the Hebei Technology Venture Capital Co., Ltd. will invest in the Redwood Asia Fund, LP at a rate of 25% up to US$25 million.
The Redwood Asia Fund, LP is a private equity fund formed to facilitate faster capital response to the financing needs of clients of the company's Redwood Capital subsidiary, which assists private Asian companies through the process of accessing capital markets through Alternative Public Offerings (APO) and financing transactions.
"The investment by Hebei Technology Venture Capital Co., Ltd. provides the Redwood Asia Fund with additional resources, and we are pleased to have this agreement in place," said S3 Investment Company Chairman and CEO Jim Bickel. "We expect additional matching fund agreements in place in the near term."
The Redwood Asia Fund LP is a growth capital, draw down, private equity fund focused primarily on the opportunities in the greater China region, including Mongolia. The fund plans to engage high growth, small and medium enterprises (SMEs) for investment. These SMEs must meet certain existing growth criteria through rapid organic growth or defined strategic acquisitions and the potential to become a public company through either an Initial Public Offering (IPO) or Alternative Public Offering (APO). These parameters generally include an exceptional growth record, potential for commanding a leading market share in their business, experienced top level management, auditable financials, and catalyst for future growth. The principal areas of interest are: agriculture, building products, business services, energy, technology/media, consumer products, environmental services, education, food and beverage, waste and recycling, and water and water services.
**********************
I think that's good news. Grow the business to the highest level possible and align with as many large companies as possible and shareholder value will appreciate regardless of management's lack of understanding about it.
At least that's what I'm hoping. You can never have enough financing sources in my opinion. Especially in this global economy.
Sloth
Ambient Corp. Unveils New Network Management System at DistribuTECH 2011
Ambient Corporation (OTC Bulletin Board: ABTG), a leader in smart grid communications infrastructure, will hold the first public showing of its recently released smart grid network management system, the AmbientNMS®, in Booth #2319 at the DistribuTECH Conference and Exhibition in San Diego, CA, February 1-3.
For more on AmbientNMS and other parts of the Ambient Smart Grid solution, please visit company representatives at the Verizon Wireless booth #2319 during DistribuTECH or go to www.ambientcorp.com/products_nms.html.
Ambient and Verizon in the same booth. Hmmm. Sounds good to me!
Sloth
Boyuan CC on 2/15 (S3 holds shares in BOY)
http://tmx.quotemedia.com/article.php?newsid=38039461&qm_symbol=BOY
Should be a good one...
S3 receives their 6 month increment of BOY shares on 3/1/11 ( 49,533 shrs)
Info - thanks to Myth.
Sloth
You're right Mike. The L.E.D. market will be huge. There's plenty of room for everybody. Cyberlux needs to keep working hard and developing a market niche. Who knows, maybe someday the two companies' paths will cross.
Cree's a great company and I don't think anyone is denying that but Cyberlux could become a great company in a few years if things fall in place. They will most likely always be behind Cree but that's just fine looking at the big picture.
Plenty of growing room for everyone at this point.
Sloth
Holter, I did average down in other accounts. I think TD Amertrade stopped taking buy orders on S3 so I had to switch. I don't think I even know anymore what my break even is but it's lower than 19 cents now.
I do think the company is on the right track but the question is - How fast are we moving? Will the company be where it needs to be in 1 year, 3 years or 10 years?
Like I've said before, I'd be ok waiting another 3 years given the notion that we have a dozen or more clients in our portfolio, our share structure is respectable, the Redwood Asia fund is in full swing financing the RTOs, APOs & IPOs and Redwood Medical has about 3 revenue producing products. I don't see how we could not be profitable with all this.
The big question mark is JB continuing to try to achieve a better share structure when revenues start coming in regularly. Smart companies that want higher share prices all know this. It's business 101 and hopefully JB has bought shares back and will continue in the future.
A good example from yesterday:
Yesterday Intel Corp.'s board of directors has authorized an additional $10 billion in its stock repurchasing program as it works to boost its share price, the Wall Street Journal reports.
Sloth
I need 19 cents to break even in one of my accounts. That's a run up!
NEWS!!!!!!!! S3 Investment Company Announces Signing of New Redwood Capital Client in China
Very surprised that it's another company than MRC. I'm pretty confident MRC is a done deal too.
S3 Investment Company, Inc. (Pink Sheets:SIVC) today announced that its wholly owned Redwood Capital subsidiary has signed a new client, which operates in the clothing manufacturing industry. The signing, which occurred during CEO Jim Bickel's trip to Asia, comes on the heels of another Redwood Capital client, Mongolian Resource Corporation, entering into a conditional agreement to be acquired by Alamar Resources Limited, which is traded on the Australian Stock Exchange.
During his trip, Mr. Bickel is participating in the evaluation of 3-4 additional potential new clients, and another new client signing is possible in the near term. Redwood Capital, which has been engaged as the Asian merchant banking financial advisor for MRC, assists private Asian companies through the process of accessing capital markets through Alternative Public Offerings (APO) transactions. The company has participated in transactions for clients which are now listed on exchanges including the U.S. Over-the-Counter Bulletin Board (OTCBB) market and Canada's Toronto Stock Exchange (TSX).
"The Redwood Capital management and staff have done an excellent job identifying numerous potential clients, and we are pleased to have signed this new contract," said Mr. Bickel. "With the contract signed, Redwood has moved to the capital raising stage, and we expect very positive results from these efforts."
Really sounds as though things are heating up for ol' Redwood. Lets get a name change to reflect S3's association with the subs and we should look pretty good especially if they can actually close a few more deals in the next few months.
Sloth
Yep. Looking strong. I think we're on the cusp of something big.
Continually buying. Don't have the deep pockets like Bill but I concur with the sentiment.
Sloth
Consultants fee: (see link at very bottom)
Introduction /Consultants Fee
The Company has amended the proposed terms of the Introduction / Consultant fee share issue to now comprise of 2,500,000 Fully Paid Ordinary Shares and 2,500,000 Performance Shares (previously 5,000,000 Fully Paid Ordinary Shares), which are conditional on settlement of the transaction and all necessary shareholder and regulatory approvals.
http://www.alamar.com.au/userfiles/file/75_32.%20company%20update%20alamar%20nov%202010%20no%201.pdf
Alamar Resources:
http://www.alamar.com.au/?page=24
JB was waiting since Oct for this to finalize.
http://www.alamar.com.au/userfiles/file/74_31.%20mrc%20acq.pdf
And this was the hold-up....2 month extension seems about right as shareholders had to vote.
http://www.alamar.com.au/userfiles/file/77_36.%20company%20update%20alamar%20nov%202010%20no%203.pdf
Sloth
I am happy to hear about Redwood Medical and the Piccolo Xpress finally. It could be a huge money maker.
Mr. Bickel also plans to review the status of clinical and laboratory testing that isbeing conducted as part of additional SFDA clearances for the first products that S3's Redwood Medical subsidiary is preparing to distribute in China. Both the clinical and laboratory trials are currently underway.
The Piccolo Xpress is a compact, portable clinical chemistry system designed for on-site patient testing. Roughly the size of a shoebox, health care providers use the easy to follow color touch screen commands to perform routine multi-chemistry panels. 0.1cc of whole blood, serum or plasma is added directly to the patented 8-cm diameter single use plastic disc containing the liquid diluent and dry reagents. The disc is placed in the analyzer drawer where centrifugal and capillary forces are used to mix the reagents and sample in the disc. The Piccolo Xpress monitors the reagent reactions simultaneously using nine wavelengths, calculates the results from the absorbance data and reports the results. The Piccolo Xpress self-calibrates with each run and the on-board continuous intelligent Quality Control (iQCT) monitors the analyzer, reagent reactions and sample to ensure chemistry and instrument integrity. This assures you the highest quality and accuracy in results. Results are ready in approximately 12 minutes with a “hard copy” report suitable for the patient file or transferred to a computer, printer or an LIS/EMR. This enables you to rapidly obtain critical diagnostic information at point of care. The easy-to-use, low maintenance system requires no special training to operate.
From Shareholder Letter: "Also and as previously disseminated, we have an ongoing development relationship with Spectrum Brands, most notably, its Rayovac brand. This relationship calls for our design and manufacturing abilities to compliment one of the largest branding companies with clients worldwide. While the research and development of this project has taken longer than we originally expected, we still believe this to be considerable source of revenue in 2011 and beyond. Both Management teams have been in constant communication and we hope to have material updates for you in the near future."
Spectrum Brands Inc. (NYSE: SPB) Hits New All-Time High at $33.43
January 18th, 2011
Shares of Spectrum Brands Inc. (NYSE: SPB) hit a new all-time high on Tuesday. The stock traded as high as $33.43 during mid-day trading and last traded at $33.43. The stock previously closed at $31.95.
Spectrum Brands Holdings, Inc. (SB Holdings), formerly Spectrum Brands, Inc., is a global branded consumer products company. Its product categories include consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; portable lighting; and home and garden control products. The Company has four segments: Global Batteries & Personal Care, which consists of its worldwide battery, shaving and grooming, personal care and portable lighting business; Global Pet Supplies, which consists of its worldwide pet supplies business; the Home and Garden Business, which consists of its home and garden control product offerings, including household insecticides, repellants and herbicides, and Small Appliances, which consists of small electrical appliances primarily in the kitchen and home product categories. On June 16, 2010, the Company completed the combination of Spectrum Brands, Inc. with Russell Hobbs Inc.
Spectrum Brands Inc. (NYSE: SPB) traded up 0.21% during mid-day trading on Tuesday. The stock has a 52 week low of $22.00 and a 52 week high of $33.43. Its 50-day moving average is $30.5 and its 200-day moving average is $28.24. The company has a market cap of $1.709 billion and a price-to-earnings ratio of N/A.
Also:
Harbinger Group Inc. Completes Spectrum Brands Share Exchange with Harbinger Capital Partners
http://www.businesswire.com/news/home/20110107005966/en/Harbinger-Group-Completes-Spectrum-Brands-Share-Exchange
This could bode well for Cyberlux in 2011.
Sloth
Also under Risk factor investigation and evaluation
Fully understanding the characteristics of Chinese projects, to avoid the defects of traditional business plan, such as no thorough digging, wording too much but lack of supporting data, we comprehensively utilize the domestic and overseas mature risk evaluating system, maximize exclusion of the subjective factors.
I'm not an English major but I think that sentence would have an editors red ink scrolled all over it. The sentence sounds terrible. Should be business plans. Should be evaluating system (and / to) maximize exclusion of the subjective factors.
I think there's too many grammatical and sentence structuring errors to continue. Bluntly put, it's very poorly written.
Maybe it reads better in Chinese.
Sloth
Okay I'm gonna be critical - I find that website a bit amateurish. The bouncing news icons floating around are annoying. Also, the picture of the members of the company has a gradient to make it fade into the light blue to the right but the gradient starts way too early and you can't even see JB or anyone to the his left.
What does this mean under strategic planning.
The finances, management and organization of the client company ¨C based on what is expected by Wall Street - are important areas that must be set up correctly.
Same section. Should be ensure not insure.
Redwood's strategic planning services include working with its clients to insure a capitalization structure is in place that meets not only the company's objectives and those of Wall Street investors
Under Investor/Public Relations; same misuse of insure.
Redwood Capital works directly with our clients before, during and after the reverse merger process to insure that the public relations campaign is done properly, professionally and thoroughly.
Maybe not a big thing but I would expect a much more professional looking site based on what our company is trying to convey to potential clients.
Please tell me I'm being overly critical and it's not that big of a deal.
On a positive note, I'm glad we have new website aligning us with our subsidiaries. Now we need a name change to let everyone know we are the Big Cheese to these subs.
Ok. You were just being very selective. lol
Green is good for the soul.
Have a nice weekend everyone,
Sloth
Luxfan - Re: Not being to buy Cyberlux stock:
Many premium brokers will not let you buy penny stocks because they usually end up losing money on the trade. This is because it’s easy to stick your clearinghouse or broker with shares that you sold to them to close your trade. Many of these brokers are also shorting penny stocks and this creates a conflict of interest between company and client.
http://pennystockswithdividends.com/ameritrade-for-penny-stocks/
I used to have Ameriturd and I switched to Etrade. Ameritrade is fine for big stocks and mutuals. They Screw around with tons of stocks and it's not personal to them, it's just business. I would imagine like the article points out, that it's a conflict of interest
It's a really easy switch between Etrade and Ameritrade. Call Etrade and they'll guide you right through it.
Best of luck,
Sloth
Absolutely Dave. I do think we'll get a perfect storm that most of these things will happen. I, along with many, have been waiting for years for it to happen. The company has never looked better in design and I'm pretty sure that's why JB doesn't understand why the pps is so low. He doesn't understand the stock market is waiting on him to actually do those things you mentioned and will punish the company's share price for waiting too long.
Meanwhile, shareholders are consuming themselves in anxiety and doubt about the events and their likelihood of happening within a reasonable time.
It ain't easy being a shareholder.
Sloth
You must of missed the last 10Q.
Revenues for the nine months ended September 30, 2010 were $1,593,216 as compared to $53,254 for the same period last year. The increase in revenue was attributed to sales of our BrightEye and Watchdog products into the military markets.
Increase of 2,991%
Revenues for the three months ended September 30, 2010 were $1,535,329 as compared to $7,157 for the same period last year. The increase in revenue was attributed to sales of our BrightEye and Watchdog products into the military markets.
Increase of 21,452%
Last 3 months revenue accounts for 96% of last 9 month's revenue.
Sloth
The fact of the matter is that JB has absolutely no clue about shareholder value. Fortunately, he does have a clue about this type of business and how to grow it.
The only way we make money is that the business grows to such a degree that it creates shareholder value in spite of him.
Jb believes the stock is worthless and he can't understand why it's worthless with the progress of the company. He doesn't understand that dilution cancels out progress. The progress he refers to is also pretty much in networking in China via his trips and hiring competent people. He sees the progress because he's there but it's not tangible to the market to appreciate the shareprice. By the time a deal closes, the share price has declined to a much lower level from the previous close and it's much harder to move since there's been dilution in that time.
He doesn't grasp the concept of market capitalization.
Shares outstanding x share price = market cap (company's value)
He doesn't get that when the "outstanding shares" side of the scale goes up, the share price side goes down when business isn't growing fast enough. Obviously, a company's value doesn't automatically go up because more shares are issued.
I believe S3 will succeed despite JB's ignorance. I believe JB owns about 300 million common shares so he has a vested interest in the price going up.
Sloth (all my opinion based on other people's conversations with JB and my previous conversations with him).