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Niz....Thinkpath is a glorified job placement agency for engineers and tech staff. (They subcontract out engineers and tech staff on a fee for service basis)
So what's a company worth that has no real assets, still has debt, and has not made a profit since they IPO'ed in 1999?
TTOON.....Re: THPHF...the PR probably means that the financiers just received some of their convertible debentures, and now want to sell. If there's selling into heavy volume, that will give us our answer.
Niz....Declan French said that he expected to have $15 million in revenues this year. We are now heading into the 8th month of the year.
So far, they have announced a $1.9 million contract on January 24th, a $350,000 contract on February 10th, a $700,000 contract on April 19th, and a $1.25 million contract today. That's $4.2 million in contracts so far this year.
Where's the other $10.8 million in contracts??
The PR probably means that the financiers just received some of their convertible debentures, and now want to sell. If there's selling into heavy volume, that will give us our answer.
This dawg woulda tanked bigtime if it wasn't for him propping it up....
Captain_Nemo....yeah, I saw what they did to you on the "BB's Penny Haven" board. I think it was a bit unjust and uncalled for. I have no beef with i_like_bb_stock, but I don't feel that he handled the situation well.
Anyway....I hope to see you post here more often. Maybe one day, Thinkpath will get their shit together.
Good luck!
Thanks grubmaster. eom
Matt, Bob or Grubmaster......
The symbol has changed for Thinkpath. It is now THPHF. Can you please update Thinkpath's message board. (It is currently showing the previous symbol of THTHF)
TIA.
http://www.investorshub.com/boards/board.asp?board_id=1858
Kipsson was the moderator on this board until he ran away with his tail between his legs. Every time I posted verifiable facts on this board, he'd delete the post. He didn't want people knowing the truth because it was foiling his pump attempt.
I guess I got the last laugh.....everything I said was coming, did come. Too bad for him that he chose to ignore my warnings.
Niz...I used to phone Tracy at IR quite a bit. She was always helpful and tried to answer my questions for the most part. I think I had a good rapport with her because she used to live 200 miles north of where I live. (Edmonton) I stopped calling her in February because I kinda got the feeling that she was being hounded by other shareholders. The last conversation I had with Tracy was kinda curt.....I could tell that she was getting tired of answering the same questions over and over again.
Either that, or someone tipped her off that I was skruggs!
Oh...and those other people that stated that she emphatically denied the possibility of a R/S.....well, they are totally full of shit. She told me on the phone that Thinkpath would consider a reverse split if it were deemed good for the company, and that one was very likely in the future for Thinkpath.
Good point, niz. I think you're right...
With unlimited authorized, Declan French will never have to worry about getting the boot. All the company has to do is keep issuing stock so that no one has the power to vote him out....
Yeah....they bought the beers after the race! LOL!
What ever happened to mach? Did he finally get run out of town? I'm sure 100's of people got taken because of his one-sided CMKX circle-jerk board....
owclar...this is skruggs from the RB stinkpath board.
Surely you are kidding, right? Or on cheap drugs....one or the other.....
Oh...and I hope that you finally learn to stop listening to Varok. Many people lost tons of money because of that pumper shill.......
Here's the part I like...
http://sec.freeedgar.com/displayText.asp?ID=3795370
Mr. Daly purchased the Shares for investment purposes. Mr. Daly is
continuing to review the performance of his investment and his
investment alternatives. As part of his ongoing review of his
investment in the Shares, Mr. Daly may explore from time to time a
variety of alternatives, including the acquisition of additional
securities of the Issuer or the disposition of securities of the Issuer
in the open market or in privately negotiated transactions. Mr. Daly
may explore other alternatives with respect to his investment in the
Shares, including but not limited to an extraordinary corporate
transaction involving the Issuer, changes in the present board of
directors or management of the Issuer, or changes in the Issuer's
business or corporate structure. The foregoing reflects activities
presently contemplated by Mr. Daly with respect to the Issuer, the
foregoing is subject to change at any time, and there can be no
assurance that Mr. Daly will take any of the actions referred to above.
Uhhh...crstphr2....You just stated that Janice has no credibility...
You're kidding, right??
Janice's DD has saved many people their money and mental anguish. I take it that you're one of the kool-aid gang and you're stuck with a bagfull of soon-to-be worthless CMKX stock.
Oh well....sucks to be you! Maybe next time, you won't be so gullible....
Niz....take a look at the SEC filing. It indicates that he may want to oust management. If Declan gets the boot....THPHF will do a moonshoot!
Personally...I think there's a few that deserve some serious criminal scrutiny. The shareholders of CMKX stock lost millions....and no, I don't believe it was at the hands of those nasty nekkid shorters. IMO, that's all a red herring. I wonder how Urbie got that $3 million dollar house of his.....and where he got the money to finance his expensive race car hobby....
Hmmmm........
I'm just fascinated by the fact that so many got suckered in this obvious scam. And even more fascinated that some still don't realize that they've been suckered....
Hook, line and sinker.......
Niz...just thing where this woulda gone without that guy buying up all those shares right after the split....
Thanks Janice. I know that you took a lot of chit and abuse on these boards, but in the end, you were proven 100% correct on CMKX. You saved a lot of people mental anguish and money by warning them of the dangers of buying this stock.
Kudos to you!
Any guesses when this stops trading?? Days...weeks...months???
TIA
Niz....I think I'm a tough act to follow....but be my guest!
BTW....I think either you or I should apply to become the board moderator. It would be kinda ironic for me to take on the job. (seeing as kippson tried very hard to shut me up about the problems associated with Thinkpath and where I thought the stock price was going)
But I think you're the right guy for the job.... I elect you!
100,000 shares after the R/S??? $50 grand worth??
Holy crap niz! That ain't chump change....good luck!
Someone should tell Ihub to change the symbol on this message board to THPHF.
Niz...LOL! That's a good one! Sad but true! I'm sure that if I went to the last AGM, and told them I was skruggs from RB...they'd throw me out on my ass!
(FYI...I still have a very small position in THTHF)
In other words.....if the dilution ceased as of right now....the CEO's valuation method of Thinkpath of market cap should equal half the year's revenues, would be a good gauge.
Revs around $13 million for 2004 so.....the CEO's valuation of Thinkpath would be $6.5 million market cap. (assuming the dilution ceases and there are no more unknowns about further dilution)
In a perfect world....and no further continuing problems of dilution (which this apparently will still have after the R/S) I think the CEO's valuation method of the market cap equaling half the year's revenues, would be a a fair market worth of Thinkpath.
Of course, the problem is....with unlimited authorized and more convertible debentures, it'll be difficult to put a price per share estimated worth because we will never know the ceiling of the outstanding shares.
I don't really know, niz. Good luck on it though!
Just speculation...the MM's might decide to drive it up before the bottom falls out and it starts heading south.
The CEO likes to put out fluff news releases....I fully expect him to pump them out to try to get the PPS up.
Hopefully you'll get a bit of a pop...good luck!
Niz....looks like more toxic death spiral financing to me.
My advice....when you see a bid tomorrow....
RUN LIKE HELL!!! AS FAST AS YOU CAN!!!
OT: TSXminer....I don't think he was pulling our leg. His ignorance of Canada is quite obvious.....and pretty typical of some Americans with below average intelligence.
Did ya see last week when Ralph Klein rang the closing bell on the NYSE....and a reporter asked a trader on the floor what he knew about Alberta....and the guy responded...."uhh....I think it's a company up in Canada"....
That one cracked me up. I think we can lump that guy along with ddfridd_007 in that group of below intelligence people.
OT: ddfridd_007.....what??? Put down that crack pipe. I have no idea what the hell you are talking about.....
Hmmmm.....so if their registration gets revoked, I guess the shorts won't have to cover, eh?
Dang! Those shorts are smart fellas!
Is this scam still trading?
Time will tell, Niz. This company has been disappointing their shareholders for 6 years....I have my doubts that trend will change anytime soon.
Good luck.
At one penny...the market cap would be around $217 million. Not bad for a company in which their CEO only values at half the year's revenues (less than $7 million)
Did I also mention that Thinkpath has never had a market cap in excess of $12 million? And that was during the dotcom days when Thinkpath was known as Thinkpath.com
Good luck on it though!
It means that everyone will be running for the exits if and when THTHF has a bid...
Niz....I think it is still in the distribution stage. (Shares the cd/oid holders received earlier, but are still trying to dump) Look at how DOMS and TRWN are locked on the ask.
BTW...have a good vacation. I'll hold down the fort while you are gone.....