Trying to find the balance between being the person my dog thinks I am and the people our parents warned us about.
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Yes, still here [waking up]. We are taking a snoozzzzzzzzzzz after consuming lots of boozzzzzzzzzzz, while awaiting newzzzzzzzzzzzzzzz from shkzzzzzzzzzzzzzzzzzzzz which will take the share price on some upwards movzzzzzzzzzzzzzzz. ZZZZZZZZZZZZZZZZZZZZZZZZZZ, snort, snore, zzzzzzzzzzzzzzzzzzzz................
"I'm still puzzled as to why shareholders haven't kicked him out after all these years of standstill whilst he still keeps on pocketing big time."
IMO there are not a majority of long-term shareholders who care enough. I think a lot of people just swing trade this stock.
Because he can get it. Seriously, the Andrea family has controlled the company for years. Their major mistake was selling off the the military communications division in the 1990s. Dumb mistake when a lot of smaller defense contractors bought into the "peace dividend" scenario after the cold war. The more sophisticated players (Lockheed, Honeywell, McD, Boeing, L3, etc) realized that the action was going to be in C3I applications going into the post-cold war era and the enemy was going to be unconventional, so a high premium was going to be on surveillance and communications. So, the big boys bought out the smaller competition. A few big players like Harris Corp did make a successful conversion to focus on more consumer products and diversify and balanced their business portfolios.
In an online interview, Doug Andrea talks about "restructuring" the company since he has come on board. Since the company barely puts out any PRs, it's hard to tell if they are making any headway on that effort. Looking at the 10K's and 10Q's, it doesn't appear to be doing it. Barely keeping their noses above water.
ANDR has struggled all of these years trying to find a niche in a rapidly evolving consumer products only landscape. Their technology is good (I have some experience in tech commercialization and patents), but presently not a large enough customer base. Since their technology in DSP is software-based, it would appear to me that it could be put into FPGA's for a variety of audio products. Not sure of that the current minimum size is for FPGAs and if that is a hindrance.
LOL. I need to send a resume to ANDR. I'll work for 1/2 of what CEO makes
stealth buying
maybe we will see the 2010 10K. Then the 2011 10Q. that would be nice
CGUD - pinksheets, current info filer. 209,989,901 o/s; 65,430,050 free float. Actual company with products and services in computer security and other apps (http://www.com-guard.com/), just not great sales (yet?). Last .0015 x .0038. Ocassionally spikes to .01
There is still a lot that needs to be done to get this company fully reporting and also compliant with other SEC requirements.
The two obvious items are the 2010 10K and 1st qtr 2011 10Q
Additionally, there needs to be better internal disclosure and financial controls (see Part I - item 4 in last 10Q).
This leads to Item 5 in Part II about the various committees that need to be formed - audit, nominating, compensation.
now, that is a snapshot in time as of Sept 30, 2010 when apparently not much was happening with this company. It would be reasonable to assume this is being worked on post-Jan 31, 2011 under new management. However, don't expect to see this reported on until 8-Ks and/or the 2011 1st qtr 10Q is filed. The 2010 10K isn't going to tell us much since that is still the old company/management.
In order to address the committees that need to be formed, additional and independent directors will be needed.
So, still a ways until the paint dries...
Volume starting to pick back up on TRKP
Yep, some curious movement on TRKP last 5 minutes. b/a opened to .28 x .35, now narrowed to .32 x .35 and b/a sizes really opened up, last showing 20K x 25K
it would be nice to break thru the 50 MA at .39
guess my partial at .30 stays there! LOL.
trkp moving .35 x .37
TRKP bid ut .35 x .37, moving up
TRKP b/a ut .32 x .37
True. I'm long aimh, so the questions were more for my edification.
kermit, I'll buy the part regarding illegal shorts since they are not covered by real shares. But as to a legitimate short position, the question remains for an r/s; or, an r/m where the share structure changes during the exchange of shares (let's say 1 new share in the surviving company for 10 old shares of the non-surviving company).
Joby/Grumps, sorry, BIG TYPO on my part. I meant r/s (reverse-split) and/or exchange where a r/m would result in adjusted share structure.
joby, for my (and others edification) show me a link from a reputable source. I know that for options contracts that the deliverables (# of shares) do get adjusted. Why would that not be the same for a regular short position? https://us.etrade.com/e/t/kc/oic?id=50015. TIA
Kermit, just 1 problem with your scenario #2. If there is an r/m, the number of shares to be covered in a short squeeze is also adjusted per terms of the r/m. So if there are 12 million short shares before an r/m and the r/m is 1:10, then only 1.2 million needs to be covered. Still, an r/m that results in a rising share price post-r/m would be good or longs.
LOL. Me 2, but I also thought it stood for "shakes" - what you get when the alcohol runs out and there is none to he had. IMO, some good potential there.
LOL. I am one connect away on linkedin via a VC down in Florida.
shkz (.009 x .01) continues to file delinquent SEC filings under new CEO. 2009 10K filed June 9, 3 10Qs for 2010 filed today. 2010 10K and 1st qtr 2011 10Q all that is left
You're welcome. Just google "James Scott" "Belvedere Global Strategies". He's the new CEO and that is his consulting company. New business strategy is to assist other small company go public thru r/m's as well as other business consulting services.
shkz .009 x .01 just filed 3 10Qs for 2010 - getting caught up. New controlling owner/CEO. More info on shkz board. BTW, Le2d - I can relate to that cartoon. LOL.
empty shell. New owner/CEO who has private company and 10% owner in EEDGF.OB. Smells like r/m potential to me. Read shkz board - active. Good luck.
You're welcome Wang. IMO, good short term play here over next few weeks once 10K and 1st qtr 10Q filed. Talk of a r/m coming, but take that with a grain of salt (and a shot of tequila and bite of lime)!
Fairly mundane in that shkz did no business in 2010. o/s is about52 million and change as of Sept 30, 2011. Important item at this point is that they are getting filed and caught up. No one goes to that trouble unless something new in works. Given that there is new ownership and CEO who is doing this, good bet this is a runner in next few weeks
Wang, the 3 10Q's for 2010 were filed by shkz this afternoon. Thus the spike in interest. Next the 2010 10K and 1st qtr 2011 10Q and they are caught up on filings
stock bull - that's 'cuz the 3 10Q's for 2010 just got filed this afternoon. 2010 10K and 1st qtr 10Q all that is left for now; then 2nd qtr 10Q later this summer
yep, the 3 10Q's for 2010 just hit this afternoon. Closer to fully reporting
and a late GM all!
my eyes still on this one, too.
Local south florida newspaper article 6/29/2011
Positve IMO: http://articles.sun-sentinel.com/2011-06-29/business/fl-bankatlantic-reserves-20110629_1_bankatlantic-bancorp-banking-analyst-ken-thomas-rights-offering
Let's see if BBX can break resistance at .95 today. Today is deadline to meet Tier 1 capital ratios. Earlier PR said they would. Be nice to see PR today confirming that. Could go past $1 at that point
So far it looks like shkz has only half of the equation right on r/m's, and that is the reverse part - as in share price.
Another reason old charts are useful is for people learning. Take an old chart, analyse it, decide, make per trade, then check it against where it went between then and now. A lot cheaper way to learn than the University of Hard Knocks!
Deadjim, these are great! Keep up the good work. I need to learn more about TA myself beyond the basics. This is very helpful.
Agreed. At least for the 2010 quarterly reports as the company was fairly dormant. Maybe even the 2010 10K, since James Scott did not acquire SHKZ until Jan 31, 2011
Karin, yes, a shame, but at the end of the day, it never made sense for ENHD to be publicly traded as the vast bulk of their sales were in China and a significant portion of that to the state. Also, they were/are very profitable with little or no need to raise additional capital. From a purely business point of view, they are better off being private. Ditto XNYH, YHGG and a host of other Chinese r/m merger stocks. The people who took them public were the ones who made the most $$ and those of us who got in early and (with luck) out before it was too late.
GM all!