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The impression I got during the interview, was that they were planning on growing the company through acquisitions as well as internally. Idea being that they could consolidate costs by including several entities.
A full copy of the SEC Form 10Q for Flint Telecom Group Inc. can be found on our website at
http://www.flinttelecomgroup.com/index.php?page=regulatory_filings
Bernard A. Fried, President and COO of Flint Telecom Group, commented, "I am pleased with the results of our first quarter, which is the first clear reflection of the streamlined organization following our restructuring and refocusing of the businesses last financial year. Our operating companies contribute positive cash flows from operations that help offset the now lower running costs of the corporate functions making overall profitability easier to achieve. The new product additions coming on stream should deliver greater margins and cash when they fully kick-in early in the new year and we expect our recent acquisitions to start contributing positive cash flows in this financial year. All in all, we are currently in line to match last year's revenues for the full year and depending on some other acquisition activities may surpass this level."
Vincent Browne, Chairman and CEO of Flint Telecom Group, added, "This steady progress is paving the way for our future growth and sustained business activities, which is our primary goal. It remains our aim to be further ahead in terms of profitability, which we expect to realize with the help of our recently announced new product lines.
Whoever did - Well done on a great play
Now you're out of bullets...... Why on Gods green earth would it make sense for them to foreclose and give up all hope of getting paid?
FLINT TELECOM’S STREAMLINING OF EXPENDITURES PAYS OFF AS THEY CUT OPERATING EXPENSES BY 73% IN Q1
Moving in the right direction
You have one bullet left in your gun - use it wisely lol
You left that part out because it didn't serve your purpose -
To answer your post -
Any loan company that loans a company money is entitled to foreclose on an unpaid debt, so imo your point doesn't hold water.
From today's PR:
We remain grateful to our debt holders, who continue to be supportive during this transition period.
Well you know what I say - "Don't trade on fear or greed, trade on others fear or greed" - Flint is still the same good company with a bright future imo - Smart traders will take advantage of the not so smart ones ;)
There's a winner and a looser in every trade on every stock
All penny stock companies sell shares, or use shares to get loans, that's why they are public, I would a fool to say otherwise.
The fact remains tho - this company is real and has real products that generate income, unlike most sub pennies that only have a pie in the sky concept and their shares as their product.
We have been doing awareness for Flint since they were @ 0.0012 - That's 4 months ago
And you have some proof of that figure I take it?
Go FLTT Go 0.0035 printing
It's a nice swing trade tho imo
The company didn't kill the run imo - When people have 100% profit they sell, when some sell others sell
$FLTT Here we go again :)
ETMM is ETrade, that's a home player
and cutting off the fat to expose more meat..........
As part of our ongoing emphasis on streamlining our operations and reaching sustainable profitability, during the fiscal year ended June 30, 2010 we shut down and disposed of four of our other wholly owned subsidiaries: CVC Int’l, Phone House Inc. of Florida, Dial-Tone Communications and Starcom Alliance. Consequently, we recognized a loss in the form of a one-time impairment charge of goodwill and other intangibles in the amount of $12,215,200.
Following the corporate restructuring during the fiscal year ended June 30, 2010, the Company’s management decided to structure the business into three separate operating segments. These segments are (1) the sale of third-party telecoms and networking equipment and software services (collectively referred to as equipment as “telecom software, services & equipment”), (2) the sale of Company produced and third-party prepaid calling products (collectively referred to as “prepaid telecom services”) (3) the delivery of wholesale and VoIP telecom services to other operators and direct to end users (collectively referred to as “telecom services”). Selling, general and administrative expenses, primarily consisting of compensation of corporate employees, professional fees and overhead costs not directly related to a specific operating segment are reflected in the table below as “corporate activities.” See Note 18, Segment Information, for more details
Growing, and Growing, and Growing........
The subsidiaries provide the following telecom services and / or distribute the following telecom products:
(1)
Cable and Voice Corporation – Cable and Voice Corporation was established on June 1, 2008, and is located in Tampa, Florida. Through Cable and Voice, the Company is a leading value-added master distributor of advanced broadband products and services to cable, telecommunications, enterprise and service provider customers throughout the United States. Through Cable and Voice, the Company offers a wide range of products and services which include cable modems, cables, UPS units, AV Powerline and Homeplug adapters, Wi-Fi and cellular wireless hardware and software applications, Intelligent Telephone Adapters (ITA) and IP Telephones for VoIP services and other customer premise equipment.
(2)
Phone House, Inc. – Phone House, Inc. was established on June 12, 2001, and is located in Artesia, California. Phone House is a master distributor for discount calling products that enable users who purchase cards in the United States to call China, India, Mexico, Africa, South America, Brazil, Bangladesh, and other countries throughout the world at significant savings. The international calling cards may be used to call from the United States to other countries, to call from other countries to the United States, or to call between countries outside the United States.
These products are currently sold through a network of over 90 private distributors. Through this network, the Company estimates that its calling products are sold through over 10,000 retail outlets in the United States, of which more than 5,000 retail outlets are located in Southern California.
(3)
Digital Phone Solutions, Inc. – Digital Phone Solutions, Inc. was established on January 29, 2009, and is located in Overland Park, Kansas. Through Digital Phone Solutions, the Company provides a suite of enhanced IP telephonic solutions aimed primarily at small and medium sized enterprises in the United States. Digital Phone Solutions, Inc. delivers all the value added services that manage the entire value-chain including billing, customer care, call routing, service provisioning. Advanced features such as voicemail-delivered-to-email, free inter-office calling, and virtual phone numbers provide additional revenue opportunities. Digital Phone Solutions enables its customers to establish reliable, feature rich and cost effective digital phone services very quickly with zero capital investment.
(4)
Flint Prepaid, Inc. – Flint Prepaid, Inc. (previously Wize Communications, Inc.) was incorporated on March 30, 2009, and is located in Overland Park, Kansas. Flint Prepaid is a retail focused company selling directly to end-users through master distributors and retailers. Flint Prepaid provides pre-paid calling services primarily to immigrant customers wanting to make inexpensive quality calls to their home countries. These value-based calling cards are regionalized and selectively marketed depending on the geographical area and user community.
9
(5)
Ingedigit International Inc. (“III”) is a U.S. based international pre-paid debit card company, partnered with both U.S. banks and international banks to offer debit cards to their customers. Included with the debit card services are additional services, allowing the partnering banks to add new customers, share funds between existing card holders and perform international fund remittance. All transactions are fully compliant with U.S. and international money laundering laws, as well as counter-terrorism regulations. Transactions are practically instantaneous, available to the card-holder on a 24/7, 365-day basis. The Company’s current markets include the United States, Canada, Mexico, India, Central and South America, Gulf Coast Countries, and the Philippines. The Company intends to expand into the U.K., Africa, Sri Lanka, Bangladesh and the Pacific Rim markets in the near future.
(6)
Gotham Ingedigit Financial Processing Corp. dba Power2Process is a U.S. based advanced financial transaction processing and technology company, working with banking clients and other program sponsors globally. Using Power2Process solutions, clients can deliver ‘own brand’ financial transaction processing services, such as pre-paid products, virtual accounts, money remittances and other stored value services. Both MasterCard and fully PCI Certified, as well as being SAS-70 compliant, P2P is in the unique position of having complete control of all its services from applications development and processing to marketing and support for a full array of back office processing, including ATM and POS network integration and management.
How good it must feel to see your plan come together, have a listen to Vincents interview to hear how he plans to buy up companies, consolidate them to cut down on expenses while still generating the same or better revenues = Greater net profits http://www.stockgoodies.com/m/sounds/view/FLTT_081910_INTERVIEW
To see where a company is going - You look at where they have come from - The progression of Flint is clear when you look at how each Quarter gets better as time goes on - http://www.otcmarkets.com/stock/FLTT/financials
Funny - We saw similar negative posts on Wednesday night of last week - Just before the 129% run up and the close of 86% up... Hmmmmmmmmmmm.............
Yawn* such old news been on several financial statements - and you left out the preceding paragraph to make it look worse than it is...
"Settlement Agreement with China Voice Holding Corp.
Effective as of May 28, 2010, we executed a settlement agreement with China Voice Holding Corp. (CHVC) whereby CHVC has agreed to, among other things, cancel and terminate any and all rights it has under its $7,000,000 promissory note issued by us (the “Note”) and the Series C Preferred Shares of Flint (the “Preferred Shares”), including the repayment of any and all principal amounts underneath the Note and the Preferred Shares, and to return 15,800,000 shares of our common stock to Flint (thereby allowing CHVC to keep 5,200,000 shares of our common stock), and in exchange we agreed to pay a total of $1,520,242 to CHVC through installment payments over a period commencing August 31, 2010 and ending May 31, 2011 and abandon its claim to 15,000,000 shares of CHVC’s common stock." - So you see Flint avoided having CHVC dump shares into the market, but you left that out because it didn't serve your purpose -
I have always had more success catching falling knives, than jumping speeding trains.
Good traders embrace the red days as well as the green ones
They should be out today, as they are due today. At what time I have no idea but they do have the option to bring them out after hours.
No competition there imo :D
The quiet before the storm - "It's like De Ja Vue all over again" - Yogi Berra
Uptick :)
$FLTT looking real good - Heavy volume, strong bid support imo
$FLTT bid is building
Excellent point
Ask is thin - Bid is Phat - That's what we want :)
Strong bid support with 5 @ 0.004
6 Million shares in 30 minutes - we rockin weeeeeeeeeeeeeeee
lol - No Problem or should I say NP