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So the Company didn't know that he "Really" wasn't a Board Member....Come on...What's up with that??? It is also interesting that he asked for a correction to remove/distance himself from this....
Hi...Surf has been deleting my posts and I'm assuming it is because I am not being a cheer leader for this stock...Surf has been touting this stock from day one....and telling everyone little bits and pieces of what he hears....bottom line is....No financials since day one...and I agree with you...if they had a good cash flow...there would be no need to dilute this stock....I'm been out of this for awhile and don't plan to get back in...I also keep hearing about all the installs...However, just because they have installs does not mean they are profitable....You can call or check some of their larger sites and you will find out that the Jail still has cash windows open...which means the Kiosks become a boat anchor as no one will pay a fee if they can still deposit cash for FREE...PS - Looks like Surf has deleted some of your posts as well as I don't seem them anymore...maybe this one will get deleted as well....
Bell said it earlier....just because you have installs does not mean a company is profitable or even heading that direction...There are several other companies doing the same thing..JPAy, Keefe, Aramark, Touchpay, Western Union, Mytechfriends, telmate, GTL, Securus, Govpay and I'm betting there are others that I haven't even seen yet..However, don't you think that the Company should be responding with some type of press release..especially if there were good news when there stock price is taking a dump....
The lack of communication SPEAKS VOLUMES..so is anyone listening?
Hey Bell345...Can't argue that logic :) I got out a while back and just been watching from the sidelines...also interesting about what can be viewed as "off topic" and then on the flip "on topic" as well :)
JMHO...If this Company was doing well...don't you think they would be sending out some info..like Audited Financials...NOTHING SINCE 2008 speaks volumes....
Here is some info that just came out.....However, not very encouraging news...
www.heralddemocrat.com/hd/News/Jail-project-to-start-April-1
Time to cut the strings and try somewhere else...The Company has been silent way to long...Good Luck to all..
No...haven't made it out yet...still planning to go before christmas if at all possible...I also believe that they have an office in Lodi, Ca. The address is 1330 S. Ham Lane...anyone here on the board live near there?
I wish I had a Dollar for every time you have said that :) I'd probably be $$$ ahead right now :)
Anyway...Seems that nothing is going on...no PR's, no info...So, anyone out there in Penny Stock land had a conversation with the Company or the Hodge Brothers about what heck is going on....this ones seems to have lost its steam...
What does this have to do with contacting the Company...also as i side note, I don't see anything on the ezCard website about Rikers Island...as listed in your post....
Anyway, I will be in Vegas next month parting with a few $$ and I will take a look if I get the chance..however...for what it's worth..if you google the address...it appears that several businesses have the exact same address and Suite #...my guess is that it is either a mail drop..or a business that takes calls for several other businesses...
Oh well...another week with a lot of nothing....
Correction: In reviewing the SEC Schedule D form...off the pinksheets website...it looks like the amount was 2.7 Mil not 5 mil like I just posted...
Question of the Day:
So what's up with Pacific Financial Solutions still in the picture....I thought that was the old Co....and not a part of CPSZ...at least that's what the SEC filing is showing....any ideas on that??
Also, if they took in 5mil back in May...don't you think they would have made some type of announcement to everyone? I would assume that it would at least cause a ripple in the stock price and give the share holders something to latch onto....I also agree with the people who are asking for the Financials...
No Financials posted since Mar 2008..WHY?
Sure,
I'll give it a go....
#1. No Financials since Mar 2008..
#2. Allot of Competition in the MarketPlace - Keefe, Swanson, TouchPay, IC Solutions, GovPay and a host of others just coming in or partnering with Commissary and Phone Companies...
#3. Diluted Deposits in current accounts - meaning...other services still in place...such as Western Union, Cash Windows still accepting payments, Funds being mailed in via Money Orders, Cashiers Checks...
This really dilutes $$ coming in for CPSZ..why use a Kiosk or a Credit Card when you can just leave cash for FREE at the Jail....I think that Clark Co NV and Broward Co FL still allow this..if you go to their websites...you should be able to get the info like I did...
#4. I'm also sure that Surf is right with what he is saying about the Cost of installs and that the Company took on quite a bit of debt from the old Company in the beginning......
Anyway, I believe that these are just a few items that might make investors a little nervous about jumping in...JMHO
Thanks Anthony, at least you understood what I was saying :)
VT
Here is the link to the Commissioners agendas..just do a search for Continental Prison".. aLso...look at the Disclosure statement as to the Principals for CPSZ..who is William Yoddy...or is that William Yotty....when did he get involved?
http://www.accessclarkcounty.com/depts/public_communications/pages/agendas.aspx
http://agenda.co.clark.nv.us/sirepub/cache/2/dlxtvj55kdqn0x550l2j2x45/16808810182009092121988.PDF
For starters...they are not even installed yet...and if you go to the Clark Co website and do a search on the Board of Commissioners Agenda..You will see just what the contract calls for and all of the terms and conditions..I do agree that Clark is as busy as Pima...however, the way the contract is structured it doesn't allow for as much $$ to come in like it should..I would assume that if they ever get going at Clark, more Kiosks might be installed there...however, the contract was signed back in Mid August and it's now been two months and "No" install yet..Maybe the Company can respond to this and let all of us know what is going on..
So what I had implied earlier...the "City" of Las Vegas does have a City Jail..and it is not part of Clark Co....do your own DD if you like..
Clark Co Detention Center - 2860 beds
Las Vegas City Detention Center - 1200 beds (This is not part of Clark Co)
City of North Las Vegas Detention Center - 840 beds - (This is not part of Clark Co)
Henderson Detention Center - 262 beds - (This is not part of Clark Co)
Look up the numbers yourself.....READ THE CLARK COUNTY CONTRACT...It's Lame..Maybe you should do some research....I didn't see a Kiosk listed for Booking...just the one in the public area...
The numbers you have are somewhat off..most of this you can find on the web..
Pima Co - 2067
Pueblo Co - 529 ADP for "2008" with total number of beds at 780
Eagle Co - 72
Rutherford Work Ctr - 211
Boulder Co - 488
Midland Co - 306
Madera Co - 316
Montrose Co - 192
Clark Co does not include Las Vegas...unless something has changed...you should also take a look at the contract for Clark Co as well..someone else posted the link on here...1 Kiosk to start with and the county is going to continue to take Cash and Money Orders at their Cashier Windows as well as let funds come in through the mail...not much incentive to use the Kiosk except for CC..
WHY....just take a look...so go ahead close your eyes make a wish and just burn some more $$$...stupid stunt...no just looking to seperate fact from fiction...Good luck to you...
I'll ask this again... where are these 30+ kiosks installed????
You keep putting this out..but nothing to back it up..if they are installed..then why not let everyone know where they are???
Only 13 Kiosks installed...This was confirmed with the facilites listed on the website..Surfkast, what about the other 17+ kiosks that you said were installed?..where are they??? Also confirmed that Madera County, Ca is not installed as well as Clark County, Nv and Pima County, Az...
4-kiosks in Boulder, Co
4-kiosks in Pubelo, Co
3-kiosks in Midland, Tx
1-kiosk in Eagle, Co
1-kiosk in Rutherford County Work Center, Tn
Not even close..Just call a few Jails that currently have a Kiosk...
So you are trying to tell everyone is that they have a total of 5 installs (reviewed on their website) that have a total inmate population of 1857 and that they have 30+ kiosks installed in those 5 locations...WHY in the world would they deploy that many Kiosks for these Jails? JHMO
Midland Texas - 300 inmates
Boulder Co - 488 inmates
Eagle Co - 72 inmates
Pubelo C0 - 786 inmates
Rutherford Tn - 211 inmates
If they have 30 Kiosks deployed..Then why won't they tell us where they are to back up what you are telling us??? I also think that a "real" financial report is in order..They do have to file...so it is available...just release it so we can all see just how they are doing...pretty simple...
For DD
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=CPSZ
I also realize that ezcard became CPSZ last may..However they should have financial reports for their end of year + the first Qtr of 2009 as well..
Where are the 30+ Kiosks deployed that you mentioned yesterday? All you have done is repeat what has been out there for months...
I can't imagine they have 30+ kiosks in the 5 sites they have.
So...where are these 30 Kiosks "currently" installed? I believe that everyone would like to know...Please list the locations.
A lot of the same players...you might want to look a little deeper...jmho
I'll try this again...I'm sure they will delete it again...They deleted my last post..
I just googled the following people and companies..doing my due dilligence..you can come to your own conclusions.
http://www.recordnet.com/apps/pbcs.dll/article?AID=/20051104/MONEY/511040348&emailAFriend=1
Ronald K Hodge
Bruce Groog
William Yotty
Clifford Goehring
Barbara Thomas
Pacific Financial Solutions
Pacific Financial Lending
PayStar Corp
http://www.recordnet.com/apps/pbcs.dll/article?AID=/20051104/MONEY/511040348&emailAFriend=1
I know that several other posts on this board keep asking about the financials....and you seem to have an inside track with HQ...so why don't they release them...you always seem to skirt the issue...with..."Look what we are doing or we are going to do"...none of these PR's with Clark Co, Madera or AZ have actually happened..so until they are live and running it means no $$$ coming in...like I have asked before...show me the financials...I think everyone here would like to see them..
The bottom line is...There are still only 5 installs in 14 months..and listing that they go to trade shows and have some people interested.. is just part of what they have to do for their business...WHAT ABOUT THE FINANCIALS...everyone seems to keep avoiding that topic...If this is a REAL...High dollar Company with lots of $$$$$$$$ as you keep posting..then they shouldn't have a problem releasing last years financials along with this years first quarter report....Correct? It's a publicly traded Co...so why won't they release it?? I have been a fence rider on this one for several months...and won't drop a dime into it until they actually show what they have been doing...I think the concept is good...however, there are several other companies that are doing this and have well over 100 installs and have partnerships with some of the major players in the Corrections Business...Keefe, TouchPay, Swanson, Canteen, Aramark, ICS, Intelmate, DSI just to name a few...and of course this in MHO...
How many new installs are there contracts for and how large of facilities are these for?
That's great to pump out what we already know...show me the $$$
Where are the financials??? The last info I can find on the web had this say...
http://investing.businessweek.com/research/stocks/financials/financials.asp?ric=CPSZ.PK
Financial Statements for Continental Prison Systems, Inc. (CPSZ)
Year over year, Continental Prison Systems, Inc. has seen their bottom line shrink from a loss of $1.5M to an even larger loss of $3.0M despite an increase in revenues from $1.9M to $2.4M. An increase in the percentage of sales devoted to SGA costs from 62.91% to 87.27% was a key component in the falling bottom line in the face of rising revenues.
Financial Statements for Continental Prison Systems, Inc. (CPSZ)
Continental Prison Systems, Inc. appears to have a weak balance sheet, highlighted by its negative owner's equity. Most likely, this was caused by cumulative losses which negatively impacted retained earnings. Accounts Receivable are typical for the industry, with 85.16 days worth of sales outstanding.
With only 5 installs...I don't see any big $$$ flowing in...at least for now....jmho
Yes...I think a few..
How about TouchPay....www.touchpaydirect.com
They are in 22 states