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Because its plain and simple a) the company does not pr ever. The company always has increased investor interest when it releases filings like their earnings and their share buyback and when they acquire a new company.
Historically that is what happens as well the company was expected to lose money this year because the new acquisition was not supposed to be streamlined so quickly and efficiently. The company has had the reduced chopper tourist business which I might add is only a small part of their business at the NYC helipad but people like to use it as the "only" thing when bashing the company down for whatever reason I do not know.
Might be the shorts that latch on to it after each earning increase and each positive filing because their is such a small internet presence of investors. That would not be a bad thing to change IMHO and am sure every investors opinion. I for one would like to discuss the company and the growth and changes they have been going through as I am sure others would from time to time.
I have been a holder for a while and trade it as I said I do, I sell off some of my position during strength and I re-buy when the shorts hit it right after for more shares and will continue to do so, I have been able to accumulate 580K shares this way and when it trades the way I think it will in a year or so I will be happy at having made myself a nice investment. I am already pleased but if I can continue to acquire and end up getting a million shares or so and it starts trading its fair price and the price also increases over time with growth I will be very happy as 2 + 2 = 4 and a million shares being worth a 1/2 mill is not out of the rhealm of possibility.
I do this with 7 different OTC companies I only now post on 3 of their boards as most do not have posters because they have different types of investors, they are long term and not the internet types that care little that a stocks pps will go down on very little volume in between filings due to short activity as they are in it for the long term and only really care that the company is doing what they need to.
So rather than continue with explanations I will just point out again.
1) The company was supposed to lose a lot of money this year, instead they didn't except in Q1 and their revenues Q over Q in 2018 have been going up to 2017 levels. That is a pretty big deal my friend.
2) The PA nonsense is over and the recent 8K with the disposition on the last bit of the note from that has been taken care of and they have a new revolving credit facility for new acquisitions which they like to do in cash as anyone who is an investor in the company knows.
3) The company is buying back shares what company does that on the OTC, many say it but almost none actually do it and when that filing was released the price spiked .16 on like anemic volume check it yourself (.11 to .16) as shorty had to cover and the stock trades thin as people like myself own large blocks and only (at least in my case) only trade a minute portion every spike so that I can increase the amount I hold. Sell 30K on a pop with the flow of trading and re-buy 50K with the money when short comes a knocking, no message board postings no PRs nothing.
4) The stock always goes up with increased shareholder activity its a given it happens sorry, shorty has to cover and the 10K is always when the most volume comes, not from Ihub or message board postings. No trading groups buying it etc. Just look at the posting history here nothing really since like 2015, but still we shareholders still buy and hold not sell off when shorty comes a knocking. I on the other hand buy shortys shares which is what I do he throws I catch.
5) The stock is trading at around 1/2 its book values. Why would a stock in any country on any market trade for only about what they have in cash? Seriously?
So, If I myself can post the positives and show that the stock is insanely low trading at less than half book value going through a growth stage with a reduction of more than 10% of the float going on I am more than happy and willing to.
I wouldn't mind a fellow shareholder to chat with from time to time, as we get to discuss what most investors don't the success of the company we invest in, not through hyped up PRs that the company pisses their money away on, but reality, real revenues, real growth after what was supposed to be a deep decline after a negative impact from one small part of out business I will.
Whats wrong with that? No need for flashy prs to say hey historically price action happens at this time and after that the trading range rises year over year as the company grows.
Look at the trading normal range 2016 .04 to .08 look at it 2017 .12-16 with only the recent short activity taking it lower. I am sure I am not the only savvy investor out there who has not been increasing their holdings, my 580K and the 1.7 mill the company has already bought back is not the only reason. I am not the reason it spiked from .10 to .16 when the 8K about the share buyback happened, I am not the only reason the stock went from .04 to .3997 in 2017 and it sure as hell wasn't PRs or message board postings etc.
So you tell me why I would not think the price is not only going up to a normal price for goodness sakes lets say just what the book value is and why not tack on some more for the growth, the share buyback and the future growth? Or do all companies only trade for half their book value, or no maybe all companies only trade for their real book value, well then its going up. Companies trade for more than their book value especially on the OTC give me a break I cannot believe one would even ask these questions especially about the spikes in share volume Ray Charles could read that on the chart and all that with no PRS or message board hype imagine that.
Just trying to get some of my fellow investors to chat about the company that's all and to point out glaringly obvious points to anyone looking at the company. Why would anyone want to buy the stock, please really? Why would it spike, really? History my man and fundamentals. Nothing more nothing less. Cya in the funny papers, check my posts I may jump on a trip runner from time to time and scream with the rest of them but never with my real investments.
And if you are one of the shorts thanks for the shares you been selling me I will take more thanks. Peace out.
10K expected out Friday March 30 EOM
$SKAS Should triple or more this week a brief run down on the company for anyone looking, but, go and READ the filings for yourself, always do that whenever putting your money in an investment.
Saker Aviation Services SKAS
Website https://sakeraviation.com/
A/S 100,000,000
O/S 31,978,149 as of January 30, 2018
Insider held shares 13,405,971
Float 18,572,178
And a large hunk of that float is fund held, if they haven't sold before they aren't now they are relatively locked up so to speak.
Assets $ 6,694,307 of which $ 2,095,728 in cash
Market cap $3,500,000??
And they have a revolving line of credit just renegotiated on better terms with a new bank as per March 21, 2018 8k. Their previous revolving line of credit was with PNC Bank and promissory note which had been in place since 2014 and closes out the Scranton Airport chapter which had been a nagging fly to Saker for 3 years, long expensive headache now over. I am sure we put a few lawyers’ kids through school for a few years. ?
8K March 21, 2018
https://backend.otcmarkets.com/otcapi/company/sec-filings/12639452/content/html
This also sets in place the $$ for their next acquisition which should be forthcoming. The company had to focus more attention on this as their flying times in NYC chopper charter business had been severely curtailed.
The first acquisition being the Garden City airport October of 2016 which though it weighed heavily on 2017 Q1 results with attorney fees and changeover costs turned out to be the right move with Sakers revenue and earnings back firing on all cylinders to previous levels prior to the limited NYC airtime nonsense.
The revenue increase was due to added services and streamlining of services which included an increase in the aircraft fuel sales part of the business that is also by the way one of the most profitable parts of the business.
Saker operates the heliport in NYC and provides storage, services, fuel sales, tourist flights charter and it also gets rented out for TV and movie use the NYC helipad, one thing not mentioned in this link is the $$$ from usage of this heliport when it is used in filming which happens from time to time any TV/Movie wishing to have a scene with a chopper in NYC only has one place and that’s the helipad at the pier. Not a regular occurrence but a highly profitable one when this occurs.
How many times have you seen helicopters landing or taking off from the helipad in tv/movies and even if they are landing on a building in the scene if they are in NY they are using Saker and the helipad.
https://www.airnav.com/airport/KJRB/SAKER
Garden City, Kansas airport hub its facilities and services.
https://www.airnav.com/airport/KGCK/SAKER
The company had voted for a stock split as they had an accelerated growth plan but luckily they decided to go the share buyback route instead thank goodness. They filed an 8K updating the buyback progress on January 30, 2018.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12505193/content/html
Of the three funds mentioned that the shares were bought back from I found
ACM Value Opportunities Fund I, LP 3,000,000 shares
Heller Family Foundation 1,372,545 shares
Ronald I Heller IRA 550,000 shares
Other than that I cannot find other funds holding the stock. Them buying the shares back from funds rather than the open market is cool with me float is float and I do not care where it decreases from. You buy back shares you’re my new best friend smile
The company plans moving forward with continued expansion of their aircraft services business through acquisition of profitable companies in this arena through the use of its positive cash flow and working cash and working capital which as of last year’s 10K filing in March was $2,192,507 and $2.811, 079 respectively.
Now starts the normal climb for this thing this week then run on the earnings release last year it ran to .32 after the 10K release. Look at last year’s chart the week of the 10K Many thought they would lose money in 2018 but this had to be re-evaluated after the numbers in 2Q and definitely those in the 3Q and even more after the announcement of the share re-buy, less shares more earnings per share.
What shall it be this year, I know it will definitely not be what they were thinking, but the question is just how much higher will they be than the .01 they have thus far, damn good either way going from an expected loss to gains?
There is a large short position now on the stock with the overwhelming volume last week being shorts, well they have to cover plain and simple. The use this thing as their personal plaything.
https://otcshortreport.com/company/SKAS
Going to be a lovely week and year excited about the 10K and the 10Q 6 weeks after. I also look every morning to see if they got their next acquisition it’s kind of a morning ritual for me, I personally see this thing in the .50 ranges or better by December but that just my opinion and we all have them, but either way the company is making all the right moves. Besides a the market cap is ridiculous it’s supposedly worth half the cash and assets and a credit facility a share buyback and acquisitions coming seriously?
Stevie Wonder could see something is no Bueno with the share price. I have owned this stock for 2 1/2 years and bid on it when its beaten down by shorts I buy the shares they are selling smile and trade some of it on pops re-buying more shares with the difference as this is one of the long term holds of the few holds of OTC stocks I have in my portfolio. Peace out.
$SKAS Should triple or more this week a brief run down on the company for anyone looking, but, go and READ the filings for yourself, always do that whenever putting your money in an investment.
Saker Aviation Services SKAS
Website https://sakeraviation.com/
A/S 100,000,000
O/S 31,978,149 as of January 30, 2018
Insider held shares 13,405,971
Float 18,572,178
And a large hunk of that float is fund held, if they haven't sold before they aren't now they are relatively locked up so to speak.
Assets $ 6,694,307 of which $ 2,095,728 in cash
Market cap $3,500,000??
And they have a revolving line of credit just renegotiated on better terms with a new bank as per March 21, 2018 8k. Their previous revolving line of credit was with PNC Bank and promissory note which had been in place since 2014 and closes out the Scranton Airport chapter which had been a nagging fly to Saker for 3 years, long expensive headache now over. I am sure we put a few lawyers’ kids through school for a few years. ?
8K March 21, 2018
https://backend.otcmarkets.com/otcapi/company/sec-filings/12639452/content/html
This also sets in place the $$ for their next acquisition which should be forthcoming. The company had to focus more attention on this as their flying times in NYC chopper charter business had been severely curtailed.
The first acquisition being the Garden City airport October of 2016 which though it weighed heavily on 2017 Q1 results with attorney fees and changeover costs turned out to be the right move with Sakers revenue and earnings back firing on all cylinders to previous levels prior to the limited NYC airtime nonsense.
The revenue increase was due to added services and streamlining of services which included an increase in the aircraft fuel sales part of the business that is also by the way one of the most profitable parts of the business.
Saker operates the heliport in NYC and provides storage, services, fuel sales, tourist flights charter and it also gets rented out for TV and movie use the NYC helipad, one thing not mentioned in this link is the $$$ from usage of this heliport when it is used in filming which happens from time to time any TV/Movie wishing to have a scene with a chopper in NYC only has one place and that’s the helipad at the pier. Not a regular occurrence but a highly profitable one when this occurs.
How many times have you seen helicopters landing or taking off from the helipad in tv/movies and even if they are landing on a building in the scene if they are in NY they are using Saker and the helipad.
https://www.airnav.com/airport/KJRB/SAKER
Garden City, Kansas airport hub its facilities and services.
https://www.airnav.com/airport/KGCK/SAKER
The company had voted for a stock split as they had an accelerated growth plan but luckily they decided to go the share buyback route instead thank goodness. They filed an 8K updating the buyback progress on January 30, 2018.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12505193/content/html
Of the three funds mentioned that the shares were bought back from I found
ACM Value Opportunities Fund I, LP 3,000,000 shares
Heller Family Foundation 1,372,545 shares
Ronald I Heller IRA 550,000 shares
Other than that I cannot find other funds holding the stock. Them buying the shares back from funds rather than the open market is cool with me float is float and I do not care where it decreases from. You buy back shares you’re my new best friend smile
The company plans moving forward with continued expansion of their aircraft services business through acquisition of profitable companies in this arena through the use of its positive cash flow and working cash and working capital which as of last year’s 10K filing in March was $2,192,507 and $2.811, 079 respectively.
Now starts the normal climb for this thing this week then run on the earnings release last year it ran to .32 after the 10K release. Look at last year’s chart the week of the 10K Many thought they would lose money in 2018 but this had to be re-evaluated after the numbers in 2Q and definitely those in the 3Q and even more after the announcement of the share re-buy, less shares more earnings per share.
What shall it be this year, I know it will definitely not be what they were thinking, but the question is just how much higher will they be than the .01 they have thus far, damn good either way going from an expected loss to gains?
There is a large short position now on the stock with the overwhelming volume last week being shorts, well they have to cover plain and simple. The use this thing as their personal plaything.
https://otcshortreport.com/company/SKAS
Going to be a lovely week and year excited about the 10K and the 10Q 6 weeks after. I also look every morning to see if they got their next acquisition it’s kind of a morning ritual for me, I personally see this thing in the .50 ranges or better by December but that just my opinion and we all have them, but either way the company is making all the right moves. Besides a the market cap is ridiculous it’s supposedly worth half the cash and assets and a credit facility a share buyback and acquisitions coming seriously?
Stevie Wonder could see something is no Bueno with the share price. I have owned this stock for 2 1/2 years and bid on it when its beaten down by shorts I buy the shares they are selling smile and trade some of it on pops re-buying more shares with the difference as this is one of the long term holds of the few holds of OTC stocks I have in my portfolio. Peace out.
$SKAS Should triple or more this week a brief run down on the company for anyone looking, but, go and READ the filings for yourself, always do that whenever putting your money in an investment.
Saker Aviation Services SKAS
Website https://sakeraviation.com/
A/S 100,000,000
O/S 31,978,149 as of January 30, 2018
Insider held shares 13,405,971
Float 18,572,178
And a large hunk of that float is fund held, if they haven't sold before they aren't now they are relatively locked up so to speak.
Assets $ 6,694,307 of which $ 2,095,728 in cash
Market cap $3,500,000??
And they have a revolving line of credit just renegotiated on better terms with a new bank as per March 21, 2018 8k. Their previous revolving line of credit was with PNC Bank and promissory note which had been in place since 2014 and closes out the Scranton Airport chapter which had been a nagging fly to Saker for 3 years, long expensive headache now over. I am sure we put a few lawyers’ kids through school for a few years. ?
8K March 21, 2018
https://backend.otcmarkets.com/otcapi/company/sec-filings/12639452/content/html
This also sets in place the $$ for their next acquisition which should be forthcoming. The company had to focus more attention on this as their flying times in NYC chopper charter business had been severely curtailed.
The first acquisition being the Garden City airport October of 2016 which though it weighed heavily on 2017 Q1 results with attorney fees and changeover costs turned out to be the right move with Sakers revenue and earnings back firing on all cylinders to previous levels prior to the limited NYC airtime nonsense.
The revenue increase was due to added services and streamlining of services which included an increase in the aircraft fuel sales part of the business that is also by the way one of the most profitable parts of the business.
Saker operates the heliport in NYC and provides storage, services, fuel sales, tourist flights charter and it also gets rented out for TV and movie use the NYC helipad, one thing not mentioned in this link is the $$$ from usage of this heliport when it is used in filming which happens from time to time any TV/Movie wishing to have a scene with a chopper in NYC only has one place and that’s the helipad at the pier. Not a regular occurrence but a highly profitable one when this occurs.
How many times have you seen helicopters landing or taking off from the helipad in tv/movies and even if they are landing on a building in the scene if they are in NY they are using Saker and the helipad.
https://www.airnav.com/airport/KJRB/SAKER
Garden City, Kansas airport hub its facilities and services.
https://www.airnav.com/airport/KGCK/SAKER
The company had voted for a stock split as they had an accelerated growth plan but luckily they decided to go the share buyback route instead thank goodness. They filed an 8K updating the buyback progress on January 30, 2018.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12505193/content/html
Of the three funds mentioned that the shares were bought back from I found
ACM Value Opportunities Fund I, LP 3,000,000 shares
Heller Family Foundation 1,372,545 shares
Ronald I Heller IRA 550,000 shares
Other than that I cannot find other funds holding the stock. Them buying the shares back from funds rather than the open market is cool with me float is float and I do not care where it decreases from. You buy back shares you’re my new best friend smile
The company plans moving forward with continued expansion of their aircraft services business through acquisition of profitable companies in this arena through the use of its positive cash flow and working cash and working capital which as of last year’s 10K filing in March was $2,192,507 and $2.811, 079 respectively.
Now starts the normal climb for this thing this week then run on the earnings release last year it ran to .32 after the 10K release. Look at last year’s chart the week of the 10K Many thought they would lose money in 2018 but this had to be re-evaluated after the numbers in 2Q and definitely those in the 3Q and even more after the announcement of the share re-buy, less shares more earnings per share.
What shall it be this year, I know it will definitely not be what they were thinking, but the question is just how much higher will they be than the .01 they have thus far, damn good either way going from an expected loss to gains?
There is a large short position now on the stock with the overwhelming volume last week being shorts, well they have to cover plain and simple. The use this thing as their personal plaything.
https://otcshortreport.com/company/SKAS
Going to be a lovely week and year excited about the 10K and the 10Q 6 weeks after. I also look every morning to see if they got their next acquisition it’s kind of a morning ritual for me, I personally see this thing in the .50 ranges or better by December but that just my opinion and we all have them, but either way the company is making all the right moves. Besides a the market cap is ridiculous it’s supposedly worth half the cash and assets and a credit facility a share buyback and acquisitions coming seriously?
Stevie Wonder could see something is no Bueno with the share price. I have owned this stock for 2 1/2 years and bid on it when its beaten down by shorts I buy the shares they are selling smile and trade some of it on pops re-buying more shares with the difference as this is one of the long term holds of the few holds of OTC stocks I have in my portfolio. Peace out.
$SKAS Should triple or more this week a brief run down on the company for anyone looking, but, go and READ the filings for yourself, always do that whenever putting your money in an investment.
Saker Aviation Services SKAS
Website https://sakeraviation.com/
A/S 100,000,000
O/S 31,978,149 as of January 30, 2018
Insider held shares 13,405,971
Float 18,572,178
And a large hunk of that float is fund held, if they haven't sold before they aren't now they are relatively locked up so to speak.
Assets $ 6,694,307 of which $ 2,095,728 in cash
Market cap $3,500,000??
And they have a revolving line of credit just renegotiated on better terms with a new bank as per March 21, 2018 8k. Their previous revolving line of credit was with PNC Bank and promissory note which had been in place since 2014 and closes out the Scranton Airport chapter which had been a nagging fly to Saker for 3 years, long expensive headache now over. I am sure we put a few lawyers’ kids through school for a few years. ?
8K March 21, 2018
https://backend.otcmarkets.com/otcapi/company/sec-filings/12639452/content/html
This also sets in place the $$ for their next acquisition which should be forthcoming. The company had to focus more attention on this as their flying times in NYC chopper charter business had been severely curtailed.
The first acquisition being the Garden City airport October of 2016 which though it weighed heavily on 2017 Q1 results with attorney fees and changeover costs turned out to be the right move with Sakers revenue and earnings back firing on all cylinders to previous levels prior to the limited NYC airtime nonsense.
The revenue increase was due to added services and streamlining of services which included an increase in the aircraft fuel sales part of the business that is also by the way one of the most profitable parts of the business.
Saker operates the heliport in NYC and provides storage, services, fuel sales, tourist flights charter and it also gets rented out for TV and movie use the NYC helipad, one thing not mentioned in this link is the $$$ from usage of this heliport when it is used in filming which happens from time to time any TV/Movie wishing to have a scene with a chopper in NYC only has one place and that’s the helipad at the pier. Not a regular occurrence but a highly profitable one when this occurs.
How many times have you seen helicopters landing or taking off from the helipad in tv/movies and even if they are landing on a building in the scene if they are in NY they are using Saker and the helipad.
https://www.airnav.com/airport/KJRB/SAKER
Garden City, Kansas airport hub its facilities and services.
https://www.airnav.com/airport/KGCK/SAKER
The company had voted for a stock split as they had an accelerated growth plan but luckily they decided to go the share buyback route instead thank goodness. They filed an 8K updating the buyback progress on January 30, 2018.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12505193/content/html
Of the three funds mentioned that the shares were bought back from I found
ACM Value Opportunities Fund I, LP 3,000,000 shares
Heller Family Foundation 1,372,545 shares
Ronald I Heller IRA 550,000 shares
Other than that I cannot find other funds holding the stock. Them buying the shares back from funds rather than the open market is cool with me float is float and I do not care where it decreases from. You buy back shares you’re my new best friend
The company plans moving forward with continued expansion of their aircraft services business through acquisition of profitable companies in this arena through the use of its positive cash flow and working cash and working capital which as of last year’s 10K filing in March was $2,192,507 and $2.811, 079 respectively.
Now starts the normal climb for this thing this week then run on the earnings release last year it ran to .32 after the 10K release. Look at last year’s chart the week of the 10K Many thought they would lose money in 2018 but this had to be re-evaluated after the numbers in 2Q and definitely those in the 3Q and even more after the announcement of the share re-buy, less shares more earnings per share.
What shall it be this year, I know it will definitely not be what they were thinking, but the question is just how much higher will they be than the .01 they have thus far, damn good either way going from an expected loss to gains?
There is a large short position now on the stock with the overwhelming volume last week being shorts, well they have to cover plain and simple. The use this thing as their personal plaything.
https://otcshortreport.com/company/SKAS
Going to be a lovely week and year excited about the 10K and the 10Q 6 weeks after. I also look every morning to see if they got their next acquisition it’s kind of a morning ritual for me, I personally see this thing in the .50 ranges or better by December but that just my opinion and we all have them, but either way the company is making all the right moves. Besides a the market cap is ridiculous it’s supposedly worth half the cash and assets and a credit facility a share buyback and acquisitions coming seriously?
Stevie Wonder could see something is no Bueno with the share price. I have owned this stock for 2 1/2 years and bid on it when its beaten down by shorts I buy the shares they are selling and trade some of it on pops re-buying more shares with the difference as this is one of the long term holds of the few holds of OTC stocks I have in my portfolio. Peace out.
I jumped in 5 mill at 0002 after not wanting to thanks for reply PinkPennies got me to buy when I was hesitant with your reply to my post I sold them at .0004 I am more than happy to jump back in later higher just want to get some more info. Seems to be moving in the right direction that's for sure good luck all. Peace out
I got some not many, I like to buy my long holds on the bid and bidding this thing has been like finding hens teeth lately but I think I caught some short shares being sold this week.
Wow have not posted in a bit, been busy with other stocks etc but I always check in to see if anyone posts anything and its on my alert and under my OTC longs list on my trading platform.
Yes it is strong, and after that one onslaught of short shares thrown at it a month or so ago, that 1 1/2 million share day I must say impressed the shit out of me. A penny stock with 1 1/2 million plus shares thrown at it and it it held like a beast. It moved up and down but only in fractions was impressive for sure.
They have been active do not get me wrong, but, I think that soon will be a thing of the past people are not afraid at a sign of selling they are opening their checkbook LOL. Again I have to say thanks to management, well made choices makes content and satisfied shareholders. Not everyone wants big gains some just want solid gains over time a stock you can sleep at night and have no worries.
Short activity
https://otcshortreport.com/company/SYTE
I like them all my portfolio varies wildly and I cannot help myself from venturing into the sub penny jungle from time to time but its exciting and rewarding if you know which have a real opportunity to move and move big, but I would not recommend any investors such as yourselves play in that sandbox it is not for the feint at heart and takes years of messing with them to understand them and the various players to know which are the real deal runners and which are just a tick or two.
Been busy with some Big board stocks this week too, added a few to my long term sack one arrgghhh a NDAQ stock I couldn't turn down it was to cheap and will be happy when its out of the sack, I don't like volatile long term plays you have to pay to much attention to them and unfortunately that is the NDAQ.
Someone had asked about the amended 8K by SYTE and I have no thoughts one way or another, doesn't bother me. Wondering what may be the next move, and also wondering how well the funds are doing its a great market even for the conservative player which most funds such as those have to be with other peoples money.
Ok I am off will touch back base again after the 10K comes out will try and grab some more shares because as I said I think we are stepping up a penny or two bare minimum in the not to distant future. Got to go work on another one of my OTC longs which is getting ready to be a SYTE deal which I am pleased with it has been a long time coming can only handle solid long holds in OTC land.
Hopefully everyone here are DUKE fans if not I am willing to send you a case of beer and a box of Kleenex for your woes. Always go blue except Kansas I do not even consider them part of the big blue club it's DUKE and Kentucky I am mad about them both end of story.
Peace out.
$SKAS a brief run down on the company for anyone looking, but, go and READ the filings for yourself, always do that whenever putting your money in an investment.
Saker Aviation Services SKAS
Website https://sakeraviation.com/
A/S 100,000,000
O/S 31,978,149 as of January 30, 2018
Insider held shares 13,405,971
Float 18,572,178
And a large hunk of that float is fund held, if they haven't sold before they aren't now they are relatively locked up so to speak.
Assets $ 6,694,307 of which $ 2,095,728 in cash
Market cap $3,500,000??
And they have a revolving line of credit just renegotiated on better terms with a new bank as per March 21, 2018 8k. Their previous revolving line of credit was with PNC Bank and promissory note which had been in place since 2014 and closes out the Scranton Airport chapter which had been a nagging fly to Saker for 3 years, long expensive headache now over. I am sure we put a few lawyers’ kids through school for a few years. ?
8K March 21, 2018
https://backend.otcmarkets.com/otcapi/company/sec-filings/12639452/content/html
This also sets in place the $$ for their next acquisition which should be forthcoming. The company had to focus more attention on this as their flying times in NYC chopper charter business had been severely curtailed.
The first acquisition being the Garden City airport October of 2016 which though it weighed heavily on 2017 Q1 results with attorney fees and changeover costs turned out to be the right move with Sakers revenue and earnings back firing on all cylinders to previous levels prior to the limited NYC airtime nonsense.
The revenue increase was due to added services and streamlining of services which included an increase in the aircraft fuel sales part of the business that is also by the way one of the most profitable parts of the business.
Saker operates the heliport in NYC and provides storage, services, fuel sales, tourist flights charter and it also gets rented out for TV and movie use the NYC helipad, one thing not mentioned in this link is the $$$ from usage of this heliport when it is used in filming which happens from time to time any TV/Movie wishing to have a scene with a chopper in NYC only has one place and that’s the helipad at the pier. Not a regular occurrence but a highly profitable one when this occurs.
How many times have you seen helicopters landing or taking off from the helipad in tv/movies and even if they are landing on a building in the scene if they are in NY they are using Saker and the helipad.
https://www.airnav.com/airport/KJRB/SAKER
Garden City, Kansas airport hub its facilities and services.
https://www.airnav.com/airport/KGCK/SAKER
The company had voted for a stock split as they had an accelerated growth plan but luckily they decided to go the share buyback route instead thank goodness. They filed an 8K updating the buyback progress on January 30, 2018.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12505193/content/html
Of the three funds mentioned that the shares were bought back from I found
ACM Value Opportunities Fund I, LP 3,000,000 shares
Heller Family Foundation 1,372,545 shares
Ronald I Heller IRA 550,000 shares
Other than that I cannot find other funds holding the stock. Them buying the shares back from funds rather than the open market is cool with me float is float and I do not care where it decreases from. You buy back shares you’re my new best friend
The company plans moving forward with continued expansion of their aircraft services business through acquisition of profitable companies in this arena through the use of its positive cash flow and working cash and working capital which as of last year’s 10K filing in March was $2,192,507 and $2.811, 079 respectively.
Now starts the normal climb for this thing this week then run on the earnings release last year it ran to .32 after the 10K release. Look at last year’s chart the week of the 10K Many thought they would lose money in 2018 but this had to be re-evaluated after the numbers in 2Q and definitely those in the 3Q and even more after the announcement of the share re-buy, less shares more earnings per share.
What shall it be this year, I know it will definitely not be what they were thinking, but the question is just how much higher will they be than the .01 they have thus far, damn good either way going from an expected loss to gains?
There is a large short position now on the stock with the overwhelming volume last week being shorts, well they have to cover plain and simple. The use this thing as their personal plaything.
https://otcshortreport.com/company/SKAS
Going to be a lovely week and year excited about the 10K and the 10Q 6 weeks after. I also look every morning to see if they got their next acquisition it’s kind of a morning ritual for me, I personally see this thing in the .50 ranges or better by December but that just my opinion and we all have them, but either way the company is making all the right moves. Besides a the market cap is ridiculous it’s supposedly worth half the cash and assets and a credit facility a share buyback and acquisitions coming seriously?
Stevie Wonder could see something is no Bueno with the share price. I have owned this stock for 2 1/2 years and bid on it when its beaten down by shorts I buy the shares they are selling and trade some of it on pops re-buying more shares with the difference as this is one of the long term holds of the few holds of OTC stocks I have in my portfolio. Peace out.
NO Reverse split decided to buy back shares instead EOM.
Hey mustang how goes it, will post tomorrow, knee deep in 40 things at the moment, this weekend will have time gonna make a point of going to all the boards. Talk to you then, have a nice Friday night.
ECOB is getting primed I agree will give my thoughts tomorrow.
Peace out.
Any idea on the SS most recent filing? TIA EOM
Interesting indeed I got an alert on the volume then searched Twitter for the ticker. No story yet, but, something must be up. Will be looking forward to hear it, I will buy some 3's or 4's off you guys when it reveals itself good luck all, looks like it could be a smoker the Walmart and other site jimtash found the Trgo thing or whatever are interesting indeed. Peace out.
That's a bold statement, sounds like its just gonna go poof and vanish into this air by your estimation. Peace out.
Whats up ammobox long time no speak, I am still on the short position where I met and you turned me onto this stock, thanks for the solid by the way. Still got the short in on that POS won't cover till pennies.
This thing is rather exciting type of play, looks solid as a rock going forward fundamentals wise as long as those contracts keep coming in and by the looks of it they will. GLA Peace out.
Nice comeback I was beginning to wonder just what the heck was going on added again yesterday I had the day before but wanted to hold off til I saw a true sign of a bottom for more, averaged down quite well with a bucket full. GL All
$AHIX Beast in the making plain and simple EOM
Can't keep the beast down, its just resting EOM
Should have 8's up soon EOM
Mind games you sell while they buy your shares plain and simple. They are just hustling the herd.
Well thanks I feel 100% about the investment and the entry point. Do not know why I have never added $KO all these years just never was the right time.
I add when an opportunity arises and most times its unexpected. There are so many I look at and keep track of and normally I finally enter when I see a huge selloff for no apparent reason other than some nonsense news story or opinion of some talking head.
Now having reached my 50's I pay a lot more attention and am taking the extra time so as to build on my days of all play and no work so to speak. Have to agree with you, KO is just one of those companies where you know your money is safe and will grow its a given. Peace out.
$AHIX is a beast in the making end of story. Peace out.
IMHO a lot of people accumulating this stock and not posting about it even on Twitter, but Ray Charles could see its being sucked up slow and steady by many IMHO. I have watched and traded many of these this one feels very different.
That is making for a very good situation, #AHIX is a beast in the making end of story. Peace out.
Typical street hustle that 1 million and 5 million was no doubt one of their crews millions they do that then they pull the bids stack the ask, can take the kid out of the trailer park but you cannot take the trailer park out of the kid.
Ok, got some stuff moved around I am gonna try and top off for 5k shares total, call me crazy but I am gonna hold off see if they try and drop under $45 I am thinking/hoping 44.30ish if not I will just do the best I can. I cannot believe such a drop on such BS seriously, whats wrong with the world/market today.
May do half today and wait to get other half tomorrow, I mean jeez I feel like I am already making 20K just by buying it, it will be for the old mf'er days I have ahead of me but still no reason to not try and save some dough.
I think I may just have to get in this thing today been watching it a while and this drop over BS another CNBC manipulative overreaction drop always trying to throw politics in the mix.
Alright screw it I am in 771 shares @45.06 let me move some things around and become a long been thinking about it for a while this looks like a great opportunity. Peace out
Not to long now volume slowing to anemic levels should be able to cover in the pennies soon, very soon. Ta ta.
$AHIX is a beast in the making EOM.
I am all of the above on everything but my long decisions on those when I enter or exit its the trend this is another animal entirely big $$$ hitting this bitch today, just saying. To each his own.
Someone tell those cats that are scooping up 7 and 8 figure $$ blocks today. I think Pete is right on this one for the foreseeable future the 52 week low is a nice bounce play.
Yep its a big green beast today, you were right, I sometimes forget its not always the story at times its all about the chart. Peace out.
$GE beasting today a lot of green blocks rolling through the tape.
$AHIX is a beast in the making EOM.
Damn this has become quite the busy board a lot of eyes on this thing.
It will be interesting to see how it plays out the rest of this week.
Peace out.
Tried to get more today if I do good if I don't that's ok too. Not into slapping the ask and buying traders stock rather it be sold to me, cannot wait to actually hear the real story on this thing, should have a few million by then, but its tough as nails to get for a decent price that's for sure. Peace out.
Added some more today, looks like it may be gaining some strength sill traders playing it for lunch money keep it so volatile, but that's the OTC these days. People stepping over dollars to pick up a nickel. Dosen't change a thing in the long term. Peace out.
Nice close nice churning today another beast in the making here. Churn baby churn. Peace out.
Nice close moves fast $AHIX = Beast EOM.
Whatever kid, learn what dilution is who the dilutive MMS are then you will know yourself what is dilution is. Go to M_PC or L_BE and you will see dilution. Its as plain as the nose on your face. Check my posts I am not a pumper dumper. I am in an entirely different world. Peace out.
Ok all done now, added the last 1950 @43.15 for a total of 5K long shares for the decades LOL. Ending up with avge pps of 43.47 I can deal with that, gl all. Peace out.