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PSPM's a winner... did you buy gilee? It's up 27% today and the big news hasn't even come yet. Each rise has the typical pullback, but unlike most pinkies, there's a slow, steady rise after the pullback. Sorry... off topic, I know... I just hope more people for here can make up some ground over there. I still have 90,000 shares of PCLI which I paid wayyy too much for - that's a distant memory for me now. I was so sure about this one too. I definitely learned a lot, and most of my learning was nothing more than reading this board. Still holding out hope that this ball will be picked up and run with at some point.
Best of luck to all...
Haven't checked in here in awhile... I've all but given up on it. I sold what I had in my brokerage account (small # of shares) but the rest are in my Roth (bad move, I know), so I kept those since I can't write off that loss. Good to see there is still some hope. Ted, I always appreciated your well-written posts, and Gilee, your enthusiasm is admirable. I hope for all of us this one comes back from the dead.
Infaima, as for what other stocks I am watching, just one, and it's more than made up for my PCLI losses... check out PSPM. Short version of the story is they are in a regulation driven market (energy bill makes the incandescent light bulb illegal by 2012), have built a better mousetrap (or CFL in this case) and are in the manufacturing, marketing and sales phase. Do your own DD, check out the 1 year chart, see the demo on their website, listen to the CEO interviews on OTCVoice.com... it's worth a look, even after this week's performance. They will be announcing something relative to moving up to the AMEX in the next couple of weeks, have been fully audited... not your typical pinkie, and most likely not a pinkie for much longer.
I'm showing my own ignorace in this post... discussions on the yahoo pspm board clarified the difference between an "exchange" and a "listing"... both pinksheets and OTCBB are listings - not exchanges. Lee did say the upcomming announcement was about moving to an exchange. So if that's the case, then we should expect info on the progress of the move to the Alternext US in the next 3-4 weeks. I know I said I wasn't going to do this, but I just mentally circled February 7th as the day we should hear something by.
Here's hoping Lee's predictions on timeframes are improving...
There were exceptions to the maintaining of share price that I saw some reference to... I wonder how many of the ones that are currently trading in the pennies were in the pennies when they got listed.
Lee has been very open and most of what he's said has come to fruition. He has said a number of things that did not happen though... revenue in 3rd quarter of last year and the WAC letter of intent being not like other letters of intent (supposedly there was just a matter of which of WAC's product line would use PSPM ballasts), just to name a couple.
I don't think there was any deception there at all, just inexperience in timing and other issues associated with closing deals on an international level. He's surrounded himself with legal, marketing and exchange experts, so hopefully this 3-4 week timing is a little more informed then his last projections. I'm not circling that week on my calendar, but I have to think they have a good handle on what it will take to get PSPM moved up.
Selling PSPM is a big mistake, unless you are PSPM. I find it hard to believe that so many investors/shares were just waiting for good news to sell shares at prices they could have sold at before the news. Just my opinion.
As for r/s, Lee is on record as saying that is not in any way in the plans. He mentioned in previous interviews that there are exceptions for green technology companies and other ways to get around the pps listing standard.
The AMEX was bought out by NYSE Euronext... it now is called the "Alternext US". I looked on their web site, browsed through all the legal stuff and could not find an exception to the pps anywhere. Maybe someone with more time can look deeper into that. There are 4 listing standards, and none of them mention an exception to the pps, either in the table or in the legal sections that talk about listing standards. At least not that I could find.
There is a listing standard that has a $2 pps minimum... even that seems a little ambitious at this point. What I do know is this... PSPM is aware of the listing standards, they have a plan for getting listed, and a r/s is not a part of that plan. Oh, and in 3-4 weeks they are supposedly going to announce something relative to that plan. That, combined with manufacturing and taking orders is good enough for me.
Best of luck to all...
announcement on moving up in exchange... that could mean OTC.BB. He didn't say AMEX. AMEX would be nice, though.
Hopefully this time frame will mean more than past ones did.
The good news is product exists, has been manufactured successfully and is currently for sale. Orders are being taken and revenue will be reported at the end of the first quarter. It also sounded like other deals are either at or near final and they are just waiting for the "right" time to announce them.
Big things ahead, but it will take time for this stuff to translate into any real jump in the pps. This quarter is going to be a fun one...
If you all haven't already done so, check out OTCVoice.com... there was a 6 minute interview on Wednesday, then a 16 minute interview today that took questions from shareholders emails and answered them. Very informative, very positive, very exciting stuff.
There is also a new interview with Lee Vanatta on OTCVoice.com... this is all good stuff. Manufacturing has started, product will be delivered in January-February. 3 major manufacturers have the blueprints in house for building the bulbs... we're about to break through from speculative buy to a revenue generating, product manufacturing real company. The next couple of months should be fun to watch...
What is so hard to understand about a non-revenue generating, pinksheets company not going up in value??? This is a news-driven stock, and the news that averyone is waiting for is a revenue generating agreement or commencement of actual manufacturing. The cat's out of the bag as far as how great this company is and how much money they will make when business actually gets rolling... that's what caused the jump up to these prices. It wasn't that long ago that shares were selling for $0.012. Any news that only reinforces the belief in the potential of this company is already priced in. Higher price buyers won't step in until cash flow is positive. Be patient guys... this one will have its time, it just isn't likely to be until next year.
Long and very excited about PSPM...
I hope you're right about the general market bottom...
As for PSPM, the shareholder meeting on Thursday will likely cause volume and movement... one way or the other. Looking forward to some real news, real volume and something that resembles a projected valuation for this company.
Let's all hope for the best...
Another bloodbath on Wall Street and another safe harbor day in PSPM... I know that the lack of news is frustrating, but it sure is nice seeing the value hold up on days like today.
I hear you... I'm remodeling one and taking a weekday off of work to fly down to Savannah just isn't doable for me. Is anyone on here going to the meeting?
The security of the investment is directly related to how much faith you put into the CEO. He has made a bad projection before on the time frame of licensing agreements, however he admitted his mistake and gave a believable explanation. The short version, if you take what he says as the truth, is that licensing partners are ready to go... there is no lack of customers waiting out there. The hold-up is securing international patent protection so that manufacturers in China and other places can't steal PSPM's intellectual property. After all, this is all they have. Lee Vanatta said he directed his legal team to do whatever it takes and take as long as necessary to fully protect the technology. Anyone who has dealt with lawyers knows this slows everything down. Add international patent attorneys and you slow down even further. I take comfort in knowing that they aren't rushing to market until they are fully satisfied they won't regret their move. At the same time, if this drags on past March 2009, the pps will be well below .10. I'll be watching closely, but not selling anything prior to the end of the year. We should be getting real news this month - I wouldn't worry unless we still have nothing to be excited about in 3 weeks.
Best of luck to all invested...
I unfortunately can't make that meeting... are you planning on attending?
Volume spikes can also mean the company is selling shares to finance operations. My read on this stock is there is a very narrow trading range. Owners are unwilling to sell at lower prices and interested buyers are unwilling to buy at higher prices. Both situations will change with news, good or bad. Chart analysis is a powerful tool for disciplined investors. In the case of PSPM, it just doesn't apply - not yet anyways. Volume has traditionally responded to news, not the other way around. There have been at least 10 random high volume days in the last couple of months which were indicators of nothing. Price didn't really change and volumes returned to normal within a day or two.
I have no issue with your chart talk... I was just offering my perspective on what is/will be driving the pps of PSPM. I too have done extensive DD on this company and I like what I see. It's still high risk until they start generating revenue, and that's what's keeping the pps down right now. News will come. When it does, the pps will change dramatically one way or the other within three months. Until news breaks or the first quarter milestones laid out by the CEO are missed, people should just ignore the day to day activity. It isn't indicative of anything. Today's volume was 75,000 shares. You can't read anything into that. I suspect we'll see some real movement after the shareholder meeting later this month, provided they release the results of the audit as Lee has indicated they will. Until then best to all invested...
I have been on the yahoo board for a while now and haven't been follwing this one... one question... why do you think anything about any chart has anything to do with the pps of PSPM? You can't apply chart analysis to a company that doesn't even generate revenue yet. When news breaks and when they start generating revenue and start to become institutionally owned, then charts apply. Right now it's pure speculation. If the sign a big deal, the pps will go up. The longer it takes to get there, the more people who bought it when it was below .10 or below .02 will just cash out. Right now everyone is in a holding pattern, waiting for news - that's why there's so little volume. It's good news that nobody's selling. There are a lot of potential buyers out there that just won't buy a stock like this until real news breaks. News and deals will dictate the pps, not anything you get from a chart.
As for those who are buying and are concerned, you really shouldn't put any money in you can't afford to lose. Until deals are finalized, it is still a non-revenue generating penny stock that could fall apart. I personally think this is a fantastic stock with huge potential. I am leaving a lot of money on the table because I believe in where it is going. I don't count one penny of its current value as an asset, though. If I would be screwed without it, I would sell it now.
I think they will get deals finalized eventually. Its not a question of if, but when. Be patient and I believe it will pay off. Forget the charts, though and ignore any pps that comes without news and real trading volume (>1,000,000 shares). Meaningful news is all that matters now. Licensing agreements, results of the audit, status of moving to the OTC and AMEX... those milestones will be huge if PSPM can make them happen. If they can't make them happen in a timely manner (by the end of the 1st quarter of next year), then this stock will go back down to single digits again. I'm in for the long haul myself...
good idea, except he'd just sell a few million shares to post bail...
Whoo Hoo... up 300% today... that makes the total value of my shares that I paid $1,500 for a whopping $5.00. I can almost cover the commission!!! My break even price is getting closer every day. $250 here we come!!! (this is complete sarcasm just in case anyone didn't pick up on that)
I'm not bitter especially considering how little I put into it. This was my first penny stock and it's been quite the learning experience. I still think they have a good product with a real market. Too bad selling shares was the primary focus. Hard to believe this type of s$$t is legal. I feel for those on here that invested and lost much more than I did.
http://www.otcvoice.com/profile1_pspm.htm
This is good stuff... terms are already agreed to, including $/unit and initial payment. PSPM will be a revenue generating company in the 3rd quarter... this should be fun.
Okay, so I was wrong... it appears that even if the negotiations do drag out, the price still goes up. I suspect that the investor relations shows have generated interest in the real potential and some of those attendees are making personal investments based on real potential. I wonder what kind of numbers they were projecting in Atlanta and NY
I have not read the report... do you have a link to it?
I don't doubt the potential at all... I'm just waiting to see what the terms of the licensing agreement will be and what the reasonable revenue projections will be. These will be high end bulbs, I assume. While they may be much cheaper and simpler than other "dimmable" ones, I don't have any feel for how they will compare on a cost basis to the inferior standard bulbs. If they are more expensive, then all the Wal-Mart shoppers will keep buying the cheapest bulb on the shelf. If they are comparable after PSPM gets their cut, then they will dominate. The final market price in comparison to traditional CFLs will directly determine their market share. I'd love to know what that projection is...
"Yeah - PCLI is "recession proof" simply because the stock price just can't really go any lower."
you catch on quick... were you born this smart or did it take years of hard work?
Look on the bright side... we're recession-proof!!!
patience... for starters, it was over .14 end of last month - up as high as .20. Despite all the great news and the great technology, the patents and the reports of negotiations with major lighting companies, this is still a penny stock, still on the pinksheets and still a NON REVENUE GENERATING COMPANY. That means that until they sign a licensing agreement, they are continuing to lose money and if they don't for some reason get it done, this stock will go back down below .02. From a Wall Street point of view, it's high risk until revenue is being generated. Until news of a licensing agreement is released expect it to stay right here. If negotiations drag out, expect it to trend down. When/if that news is released, there's no question it will jump, the only question is how high. Again, if something goes wrong, this stock will plummet. That risk is why the general public investors are keeping their distance and why so many people such as myself, despite being able to cash in on 300 - 700% profits are still holding their position and betting on good news that will drive the price up. Welcome to the game...
Is it just me or is this looking more and more like sliced bread? This technology can save utilities money and potentially eliminate a power factor correction charge to consumers... I wonder if this will go the route of EnergyStar appliances that some utilites give credits/rebates for installing.
Independent Testing Confirms High Power Factor Rating for PureSpectrum's Dimmable Electronic Ballast Technology
Technology Addresses Important but Often Overlooked Performance Characteristic That Could Save Money for Consumers
SAVANNAH, GA -- July 23, 2008 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) has confirmed through independent testing that the company's proprietary dimmable ballast technology for Compact Fluorescent Light (CFL) bulbs rates extremely high in a critical performance area called Power Factor.
Power Factor is a complicated mathematical formula which measures power quality that is currently unfamiliar to most people, but the ramifications of this ratio will soon become a high priority in every household in the United States. A perfect Power Factor rating is 1.0, and PureSpectrum's dimmable CFL ballast technology rated .974 in independent testing performed at a NVLAP-certified facility at the request of multiple prospective licensing partners.
As the incandescent bulb, the primary residential light bulb for more than 100 years, is replaced en masse during the next four years as the 2007 Energy Bill goes into effect, consumers may be surprised to learn that using energy efficient CFL bulbs with low Power Factor could cause household energy bills to rise. While CFL bulbs are considerably more energy efficient than incandescent bulbs, CFL bulbs draw electricity differently than incandescent bulbs and harmonic distortion created by electronic ballasts in CFL bulbs can result in harmonic distortion.
Harmonic distortion reduces power quality, and this energy imbalance can lead to extensive and expensive corrective actions by utility companies. Furthermore, there has never been a study of the effects of Power Factor on lighting in the U.S., and with a variety of CFL bulbs with varying Power Factor ratings being introduced and installed industry experts are not able to accurately predict the total cost or effect of low Power Factor CFL bulbs.
"There is no reliable data to represent the final impact that Power Factor will have on the fluorescent lighting market, but it will certainly be a competitive advantage for any manufacturer to be able to offer a CFL product with high Power Factor," said PureSpectrum president and CEO Lee Vanatta. "We recognize that Power Factor is going to be tremendously important part of the equation for the lighting industry as lighting manufacturers and utility companies begin to digest the scope of the transition that is about to occur. Our research has made us aware the widespread use of low Power Factor CFL bulbs during the next few years will damage power quality and result in expensive corrective procedures for the utility companies and that expense will be passed on to the consumer.
"We have seen one study that estimated the cost of power factor correction to be as much as $4 for every 20-watt CFL that is installed," Vanatta added.
Most brand name CFL bulbs currently on the market in the U.S. have low or poor Power Factor ratings, and recent research has concluded that the mass introduction of low power factor CFL bulbs would result in a costly degradation of power quality. That cost will ultimately be passed along to the consumer by the utility companies through the introduction of new meters which measure not only usage but also power factor.
In non-residential settings where fluorescent lights have long been the standard, utility companies already assess customers for power factor correction. Lighting industry experts expect a similar power factor correction penalty to be added to residential energy bills in the future to offset the "dirty" or unproductive power created by the influx of millions of low Power Factor CFL bulbs.
Through exhaustive market research during the development of its technology, PureSpectrum identified performance areas for CFL bulbs which would need to be addressed by manufacturers in order to accelerate the widespread consumer adoption of CFL bulbs. Additionally, according to Vanatta, the company's advance technology engineered ballast technology that would also address inevitable criticisms such as low power factor.
"From inception, PureSpectrum has consistently stated that we are developing lighting technology to satisfy the needs of both manufacturers and end users, and the integration of our ballast into a CFL product line would enable manufacturers to increase consumer satisfaction," Vanatta said. "We understand that the lighting industry will be experiencing substantial upheaval during the next few years, and we also see the big picture for lighting manufacturers trying to satisfy the demand for more energy efficiency while also satisfying customers. Our ballast circuitry represents an immediate solution that addresses all of the foreseeable problems associated with switching out billions of light bulbs at one time."
Okay, I give up... what are you guys talking about?
Does anyone know how long it takes from engaging a firm to do an audit to actually being on the OTCBB? Just wondering when to expect that
Thanks for the info... I know nothing about the horse industry, but I'll forward info to someone who does and report back with her very informed opinion.
I was looking at this stock and it seemed worth the interest. Not knowing much about the horse industry, I asked a good friend who has spent her life in the industry. Below was her response. Does anyone here have reasons why this company is any different than the many others out there that do/have done similar things?
"Let me start by saying that they are not the first by far. There are a ton of synthetic shoes out there but each have their pros and cons. The idea of shock absorbtion has been going on for longer then we have been alive. Many horses already wear a rubber or leather pad between the hoof and the shoe for this purpose. The problem with something this “Cool” is that its only affordable for a very small amount of the industry. This is not going to be their money maker if that’s what you want to know. Rubber shoes, glue on, boots, they even make them with sneaker traction on the bottom…all that stuff has been around for years. I wouldn’t go investing your retirement in this one."
More good news...
Publicly Held Technology Company to Move Stock to Over the Counter Bulletin Board Exchange
SAVANNAH, GA, Jul 15, 2008 (MARKET WIRE via COMTEX) -- PureSpectrum, Inc. (PINKSHEETS: PSPM) has taken the first step toward elevating its stock from the National Quotation Bureau Exchange or Pink Sheets to the Over the Counter Bulletin Board Exchange (OTC-BB Exchange) by engaging Hancock Askew & Co., LLP to perform a full financial audit for the past two years.
PureSpectrum president and CEO Lee Vanatta said making the move from the Pink Sheets exchange to the OTC-BB Exchange has always been included in the company's long term planning, and he believes the move reflects the company's commitment to its investors by providing the company with an extra layer of credibility. Vanatta said the required financial reporting required to become a member of the OTC-BB Exchange will make PureSpectrum a full reporting publicly held company and offer additional confidence for shareholders as well as prospective investors.
"From PureSpectrum's inception, we have strived for the utmost corporate transparency," Vanatta said. "As the technology has developed and our business projections have continued to grow based on feedback we have received from the lighting industry, we realize that moving our stock to the OTC-BB Exchange is the next logical step for the company. At a time when many corporations face problems caused by questionable business practices, PureSpectrum will continue to succeed while exemplifying a smart, ethical business model. Our shareholders have always been our first priority, and we know that the time is right for this action in order to maximize the benefits to our shareholders."
PureSpectrum owns several patents and patents pending related to electronic ballast and dimming technology for fluorescent lighting. The company's unique circuitry design enhances dimming performance for fluorescent lighting, and technological developments made during the past year have generated significant interest within the lighting industry.
Hancock Askew & Co., LLP is a regional professional services firm certified by the Public Company Accounting Oversight Board with offices in Savannah, Ga. and Atlanta providing services in audit, tax, internal controls and risk management, transactions, valuation, cost segregation and other areas related to business performance. The firm is an independent member of the BDO Seidman Alliance and provides services to both public and private companies. For more information about Hancock Askew & Co., LLP, please visit www.hancockaskew.com .
The more I read the bigger this thing sounds... I suddenly love the Energy Bill. Regulations are key things to follow... they always create new demand and there usually are some smaller players that are well positioned to fill that demand. This seems to be the perfect storm of regulation induced demand (making the incandescent bulb illegal) and a well positioned technology developer just waiting to fill it in.
Best to all invested...
I forgot to add smiley faces... given all the conflict on the board, I should add that this post was supposed to be funny...
Stop teasing us... I checked in at lunch and saw a 316% increase and immediatly clicked the "news" tab... still nothing.
Did you ever hear back from the company? Does anyone know the authorized share count? I only saw outstanding in the I-box...
Hoping for the best and some news soon...
I'm curious (and very new to this)... what would constitute a restricted status on the majority of the shares? How does this work and is it common?
News release:
Lighting Technology Company Will Meet With Financial Institutions to Raise Awareness of Potential for Company's Ballast Technology
SAVANNAH, GA, Jul 01, 2008 (MARKET WIRE via COMTEX) -- PureSpectrum, Inc. (PINKSHEETS: PSPM) has scheduled initial meetings in a series of informative road shows at the request of brokers and institutions with the goal of introducing the company's electronic ballast technology and business model to a broader range of investors.
PureSpectrum owns the rights to a family of patents and patents pending related to innovative ballast circuitry designs for fluorescent lighting. The first meetings will take place in Atlanta, Ga., on July 16 with more meetings to follow in New York from July 22-24. Other dates and locations will be announced as they are scheduled.
During the first two quarters of 2008, PureSpectrum has introduced unique dimming circuitry for Compact Fluorescent Light bulbs and linear fluorescent ballasts. The purpose of the upcoming information sessions will be to increase investor understanding of PureSpectrum's recent technology developments while also growing investor awareness of the company's progress toward licensing its proprietary technology to lighting manufacturers.
During the past few weeks, PureSpectrum's corporate maturation has accelerated and led to strong trading performance for the company's stock. As discussions with major lighting manufacturers continue, PureSpectrum has expanded its staff to strengthen corporate infrastructure and scheduled additional independent testing of the latest iteration of the company's technology at the request of several lighting manufacturers. The positive activity has led to increased investor interest from individuals and institutions resulting in high volume trading for the company's stock.
The road show launch in Atlanta will take place during the "Wall Street Luncheon" at the Capital Grille at 12:30 p.m. on July 16. Seating is limited at the luncheon, and reservations are required to attend the meeting.
I'm not sure what to make of this... licensing agreements speak for themselves. What is the value of holding meetings to talk about the opportunity... unless they want to sell more shares (dilution). Is anyone else concerned by this?
Not many people have the stones to keep all their money on the table. This selloff is expected as many who bought recently at less than .07 will be looking to lock in a solid profit. Any who have hit it big (the ones who bought at less than .02) don't want to see all those gains disappear. It's tough to watch, I just can't take any more off the table when big news could come any day. This is an opportunity to buy more, one that I won't miss out on.
Sorry... I read specific replies before reading the others...
So, all that ranting and raving was supposed to be interpreted as a call for us to all get on the same page and somehow oust the CEO... is that even possible? How would the market have reacted to that? How would the retailer have reacted to that? Who would have stepped in as CEO? ILovePCLI???
what's that got to do with the shareholders and what you told us to do that we ignored???