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Canoo Reaches Agreement with U.S. Postal Service for Purchase of Electric Vehicles
Postal Service will purchase six (6) right-hand drive versions of Lifestyle Delivery Vehicle 190
https://www.globenewswire.com/news-release/2024/01/24/2814988/0/en/Canoo-Reaches-Agreement-with-U-S-Postal-Service-for-Purchase-of-Electric-Vehicles.html
Sure only a few vehicles, but don't ignore the volume of this message....USPS is purchasing vehicles from Canoo.
Hmmm, Walmart, Kingsby, NASA, now USPS, $750M in committed orders with an order book that now excedds $3B
Just sayin',
Uncle
Canoo Reaches Agreement with U.S. Postal Service for Purchase of Electric Vehicles
Postal Service will purchase six (6) right-hand drive versions of Lifestyle Delivery Vehicle 190
https://www.globenewswire.com/news-release/2024/01/24/2814988/0/en/Canoo-Reaches-Agreement-with-U-S-Postal-Service-for-Purchase-of-Electric-Vehicles.html
Sure only a few vehicles, but don't ignore the volume of this message....USPS is purchasing vehicles from Canoo.
Hmmm, Walmart, Kingsby, NASA, now USPS, $750M in committed orders with an order book that now excedds $3B
Just sayin',
Uncle
Bob,
Please provide your thoughts on how you think the distribution process will take place.
Will something else be required from escrow holders?
all filing for Mr. Cooper Group Inc. at SEC...see link below. All the way back to 2006. Formerly, Formerly, Formelry...
[urlhttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000933136&type=&dateb=&owner=include&start=800&count=100][/url][tag]insert-text-here[/tag]
[urlMr. Cooper Group Inc. CIK#: 0000933136 (see all company filings)
SIC: 6199 - FINANCE SERVICES
State location: TX | State of Inc.: DE | Fiscal Year End: 1231
formerly: WASHINGTON MUTUAL INC (filings through 2006-10-12)
formerly: WASHINGTON MUTUAL, INC (filings through 2012-03-20)
formerly: WMI HOLDINGS CORP. (filings through 2015-05-08)
formerly: WMIH CORP. (filings through 2018-09-14)
(Office of Finance)
Get insider transactions for this issuer.][/url][tag]insert-text-here[/tag]
I found these the on the SEC site.
Not all too sure how these may tie back to excrows if at all, but they do show yearly totals in the ABS Originator starting with 2012.
I can't explain any of this. Maybe someone else can.
There are three reports offered every year starting with 2012. I only show the last report of each year.
Also, there were no Exhibit 99.1 offered for 2018, 2019, 2020, and 2021
Those who are interested, see links below. Start 08-06-2012 and work your way down.
WAMU Asset Acceptance Corp.
Report ABS 15G Exhibit 99.1, 08-06-2012
Report ABS 15G Exhibit 99.1, 11-14-2012
Report ABS 15G Exhibit 99.1, 11-13-2013
Report ABS 15G Exhibit 99.1, 11-14-2014
Report ABS 15G Exhibit 99.1, 11-12-2015
Report ABS 15G Exhibit 99.1, 11-10-2016
Report ABS 15G Exhibit 99.1, 11-06-2017
Report ABS 15G Exhibit 99.1, 08-11-2022
Uncle
HAPPY EASTER!
Have a Blessed Weekend
Wow on the horizon...
Escrow distributions, maybe more shares, even possibly dividends in 2022. Go Coop!!!
Night, I'm also getting the same message in my ETRADE account on the 968 and 992.
Any idea what this could mean?
Uncle
AZ, what's your ratio on the forward? Thanks for all that you do.
I see the number ($272.3B of assets in liquidation)...is that all coming back us?
AZ, you mentioned asset values being much more valuable than you had conservatively considered.
From your new consideration do you believe that the asset values are >$60B-<$100B, or much more?
I value your opinion and appreciate all that you do for this board.
Uncle
AZ, ..."become normalized going into 2021". Does this mean that the DTC issued ESC Cusips will be reflected in actual shares of the parent or one of it's subs?
Nice to see Coop up almost $2 in the first hour of trading
AZ, did WEDBUSH just confirm the transitional "COOP", "TELL" at $27.50? The number just seems to close to be considered a coincidence.
After entering WAMU under Issuer Name a list of WAMU ABS certs will show up
Line items that have an open square box in front of the Deal Name can be fully viewed.
Once inside a particular ABS, a choice of viewing options are made available. Try the PDF option, its easier to read
Try entering WAMU under Issuer Name
With a very low P/E of 4.3 and great earnings outlook, this stock is positioned to go.
I hope they continue to let it run.
GO COOP!
Taken from FORM 10-Q
WASHINGTON MUTUAL, INC
06/30/2008 - 08/11/2008
DOC ID. 45883437
Financial Highlights By Operating Segments (in millions):
Average Assets:
Retail Banking Group - $145,800
Card Services Group - $28,844
Commercial Group - $43,875
Home Loans Group $65,074
Corporate Support/Treasury and Other - $47,151
Reconciling Adjustments
Securitization - ($14,739)
Other - ($1,123)
Total Assets - $314,882
See Note 10 for description of each operating group
At link pg. 24 - 30 http://investors.mrcoopergroup.com/Doc/Index?did=45883437
Note 10: Operating Segments
The Company has four operating segments for the purpose of management reporting: the Retail Banking Group, the Card Services Group, the Commercial Group and the Home Loans Group. The Company's operating segments are defined by the products and services they offer. The Retail Banking Group, the Card Services Group and the Home Loans Group are consumer-oriented while the Commercial Group serves commercial customers. In addition, the category of Corporate Support/Treasury and Other includes the community lending and investment operations; the Treasury function, which manages the Company's interest rate risk, liquidity position and capital; the Corporate Support function, which provides facilities, legal, accounting and finance, human resources and technology services; and the Enterprise Risk Management function, which oversees the identification, measurement, monitoring, control and reporting of credit, market and operational risk.
The principal activities of the Retail Banking Group include:(1) offering a comprehensive line of deposit and other retail banking products and services to consumers and small businesses; (2) holding the substantial majority of the Company's held for investment portfolios of home loans, home equity loans and home equity lines of credit (but not the Company's held for investment portfolios of home loans, home equity loans and home equity lines of credit made to higher risk borrowers through
24
the subprime mortgage channel); (3) originating home equity loans and lines of credit; and (4) providing investment advisory and brokerage services, sales of annuities and other financial services.
Deposit products offered to consumers and small businesses include the Company's signature free checking and interest-bearing Platinum checking accounts, as well as other personal checking, savings, money market deposit and time deposit accounts. Many products are offered in retail banking stores and online. Financial consultants provide investment advisory and securities brokerage services to the public.
The Card Services Group manages the Company's credit card operations. The segment's principal activities include: (1) issuing credit cards; (2) either holding outstanding balances on credit cards in portfolio or securitizing and selling them; (3) servicing credit card accounts; and (4) providing other cardholder services. Credit card balances that are held in the Company's loan portfolio generate interest income from finance charges on outstanding card balances, and noninterest income from the collection of fees associated with the credit card portfolio, such as interchange, performance fees (late, overlimit and returned check charges) and cash advance and balance transfer fees.
In response to tightening secondary markets, the Company has substantially ceased credit card securitizations, resulting in on-balance sheet funding of new originations.
The Card Services Group acquires new customers primarily by leveraging the Company's retail banking distribution network and through direct mail solicitations, augmented by online and telemarketing activities and other marketing programs including affinity programs. In addition to credit cards, this segment markets a variety of other products to its customer base.
The Company evaluates the performance of the Card Services Group on a managed basis. Managed financial information is derived by adjusting the GAAP financial information to add back securitized loan balances and the related interest, fee income and provision for credit losses.
The principal activities of the Commercial Group include: (1) providing financing to developers and investors, or acquiring loans for the purchase or refinancing of multi-family dwellings and other commercial properties; (2) either holding multi-family and other commercial real estate loans in portfolio or selling these loans while retaining the servicing rights; and (3) providing deposit services to commercial customers.
The principal activities of the Home Loans Group[color=blue][/color] include: (1) the origination, fulfillment and servicing of home loans and home equity loans and lines of credit; (2) managing the Company's capital markets operations, which includes the selling of all types of real estate secured loans in the secondary market, which in light of continuing illiquid market conditions, are substantially limited to conforming loans sold to government-sponsored enterprises; and (3) holding the Company's held for investment portfolios of home loans, home equity loans and home equity lines of credit made to higher risk borrowers through the subprime mortgage channel, of which all lending activities were discontinued in the fourth quarter of 2007.
In conjunction with the resizing of the home loans business, the Company has decided to eliminate negatively amortizing products including the Option ARM from the product line, discontinue all lending conducted through its wholesale channel, close all of its freestanding home loan centers and sales offices and close or consolidate certain loan fulfillment centers.
The segment offers a wide variety of real estate secured residential loan products and services. Such loans are held in portfolio by the Home Loans Group, sold to secondary market participants or
25
ransferred through inter-segment sales to the Retail Banking Group. Beginning in the second half of 2007, loans that historically had been transferred to the held for investment portfolio within the Retail Banking Group were retained within the held for investment portfolio within the Home Loans Group. The decision to retain or sell loans, and the related decision to retain or not retain servicing when loans are sold, involves the analysis and comparison of expected interest income and the interest rate and credit risks inherent with holding loans in portfolio, with the expected servicing fees, the size of the gain or loss that would be realized if the loans were sold and the expected expense of managing the risk related to any retained mortgage servicing rights.
The principal activities of, and charges reported in, the Corporate Support/Treasury and Other category include:
•
management of the Company's interest rate risk, liquidity position and capital. These responsibilities involve managing a majority of the Company's portfolio of investment securities and providing oversight and direction across the enterprise over matters that impact the profile of the Company's balance sheet. Such matters include determining the optimal product composition of loans that the Company holds in portfolio, the appropriate mix of wholesale and capital markets borrowings at any given point in time and the allocation of capital resources to the business segments;
•
enterprise-wide management of the identification, measurement, monitoring, control and reporting of credit, market and operational risk;
•
community lending and investment activities, which help fund the development of affordable housing units in traditionally underserved communities;
•
general corporate overhead costs associated with the Company's facilities, legal, accounting and finance functions, human resources and technology services;
•
costs that the Company's chief operating decision maker did not consider when evaluating the performance of the Company's four operating segments, including costs associated with the Company's restructuring activities;
•
the impact of changes in the unallocated allowance for loan losses;
•
the net impact of funds transfer pricing for loan and deposit balances; and
•
items associated with transfers of loans from the Retail Banking Group to the Home Loans Group when home loans previously designated as held for investment are transferred to held for sale, such as lower of cost or fair value adjustments and the write-off of the inter-segment profit factor.
26
If $40B is the initial return, and if escrow is directly tied to Coop...
$40B is about $27.50 per share (after preferred payout)
Coop's current stock price could break above $20 by end of day tomorrow, and break above $25 by Labor Day.
A Labor Day weekend payout would be nice
Royal,
On the FDIC balance sheet under "Claims Detail Summary", $151B in dividends paid to date, who were they paid to?
AZ, Volume up over 3M with price increase over 12%. Is this what we've been waiting and watching for.
The article below was posted yesterday. I believe a similar study was just recently started in New York. I hope and pray that they work.
https://techstartups.com/2020/03/27/coronavirus-cure-new-results-french-study-shows-combination-hydroxychloroquine-plaquenil-azithromycin-successfully-treated-80-coronavirus-patients-significant-dr/
Is the entire sheet (in $000) or just the top half?
I hope the Apex acquisition is real. With Sutton you never know.
See press release below.
Apex does have its own product line of Vape Pens and Extractions.
Link to Apex: www.apexextractions.com
Press Release: GoIP Global Acquires Apex Extractions; Apex Closes 2019 With $5.6 Million in Revenues
9:40 AM ET 1/23/20 | Dow Jones
Related Quotes
2:41 PM ET 1/31/20
Symbol Last % Chg
GOIG
0.00 0.00%
Quotes delayed at least 15 minutes
GoIP Global Acquires Apex Extractions; Apex Closes 2019 With $5.6 Million in Revenues
NEW YORK, NY, Jan. 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GoIP Global, Inc. (symbol GOIG.pk ) announced today that the Company has entered into a Share Acquisition Agreement with Apex Extractions LLC, an Oakland, California-based Cannabis extraction facility. Apex is a licensed regulated Cannabis extractor in California, selling their products to 175 California wholesalers and licensed dispensaries, under their own Brand Name and white labels for others. Sales for 2019 were $5.6 million and are on course to double revenue in 2020. Pursuant to the agreement, at closing, Isaac H. Sutton, the Company's current CEO, will resign and Scott Benson, Apex's current CEO, will be the Company's new CEO. Apex current Shareholders will receive GoIP Preferred shares. The transaction is anticipated to close within the next 60 days, subject to the conditions precedent to closing being completed.
Isaac H. Sutton, GoIP's CEO, stated, "This acquisition brings a solid company, with real prospects and a quality management team to GoIP. Apex's team have proven themselves over the last 3 years, producing quality products which have garnered 8 Cannabis Cups in 2019. The Company has achieved multi-million dollars sales in a market that is challenged with regulations and strict compliance. Apex is positioned for major 2020 expansion within California and possibly other states. We are looking forward to their continued success."
Apex's CEO Scott Benson commented, "Apex has been looking for a platform like GoIP for several months. We have tremendous potential for organic growth in our current market, the ability to expand our model in additional states and develop into a true industry leader. We are looking forward to being a public company and driving value for our shareholders."
About Apex Extractions LLC www.apexextractions.com/
Founded in January 2018, Apex Extractions was one of the first licensed cannabis manufacturers established when it was legalized in the state of California. In 2019, Apex Extractions' concentrates and pens have won 8 Cannabis Cups. Apex's mission is to create the highest quality, most consistent cannabis experience available, while also providing unmatched value to their customers and partners. Apex expert extractors work hand-in-hand with their cultivation partners to preserve the full spectrum of the plant's properties, creating the purest form of cannabis available, at an incredible price point.
Apex Extractions has offices in Los Angeles & Oakland, California. Apex products can be found at hundreds of dispensaries across the state. License # CDPH-10002456.
AZ, in an earlier post you mentioned $40 billionish as a landing zone when all is settled. Are you still considering this number?
Thanks for all of your effort. Hope we are at the end. Uncle
John Rafuse Linkedin profile/work history...impressive!!!
Summary
Mr. John Rafuse is an accomplished executive with exceptional experience in new business creation, sales, strategic positioning, multi-channel partnerships, product development and business growth.
John provided vision, sales, solutions and development for governments, start-ups and well-known brands. These included Microsoft, Netscape, HP, eBay and AOL. He has a very successful track record of increasing sales, market share and profitability while containing costs and investments. As a member of Mensa, he thinks with multiplicity and convergence when designing profit frameworks, business systems and output. Over 100 Million people will be using the technology he has produced. John continues to be well suited to lead enterprises that require aggressive growth and vision.
SpecialtiesBusiness Vision
New Business Development
Sales and Closing Techniques
New Market Identification
Motivational Speaking
Market Optimization
Product Vision
Leadership
Experience
Chief Executive Officer Add-on Exchange Inc.
Information Technology and Services industry
March 2010 – Present (1 year 2 months)
Add-on Exchange Inc. is engaged in the developing, monetizing, distributing, and supporting a range of add-ons, plug-ins and modifications for different types of software, devices and consumer products.
We started with browser-based patents in 2005. Developers began to utilize these inventions inside products and a coalition of like-minded developers formed into Xyberhome Inc. in 2008. In 2010 we re-branded as Add-on Exchange Inc. and we're preparing for our stock to be traded publically.
True to our unique roots, part of our core business continues to be helping independent developers and publishers with monetizing, marketing and distributing their products around the globe. Check out our newest product www.gobox.com
Executive Vice President HeavyLifters Network Ltd.
Computer Software industry
2006 – March 2009 (3 years)
HeavyLifters was a network of experienced staff, sub-contractors and companies that provide business, knowledge and technology solutions. Partially contracted to DataUnison to help envision and produce products around eBay's Market Data (largest e-com data set in the world). I also envisioned and produced the "Funny 500" series for the iPhone that had millions of users. I left the company as it now focuses exclusively on platform development for iPhones.
John has 4 recommendations (3 co-workers, 1 partner) including:
Bill S., Chief Software Architect, Mercurial Communications
3rd Chris H., Major Account Executive, Mercurial Communications
Vice President - OEM and Partnerships Ink Media
Computer Hardware industry
March 2006 – May 2007 (1 year 3 months)
- Assisted in producing the $3B business plan for the world’s first low-cost virus-free ROM based computer (similar to the $100 lap-per child initiative)
- Met with President of a country to facilitate the business plan with a 3M unit pre-order
John has 1 recommendation (1 co-worker) including:
3rd Stan L., Managing Director, Asia, Ink Media, Inc.
Vice President - Global Business Development Mercurial Communications
Privately Held; Computer Software industry
2002 – 2006 (4 years)
- Grew business so that the company has been of the Top 100 Fastest Growing Companies in Canada for each of the last three years
- Personally responsible for generating almost $15M in sales of professional services, approximately 90% of growth during the period I was there
- Clients included AOL, HP, Microsoft, Netscape and all levels of government
- Generating vision, resources and solutions for enterprise systems
- Envisioning and realizing technology products and business lines
- Commercial Products produced include Netscape 8.x, AOL Personal Computer 2.0, Microsoft Powertoys, Microsoft Windows Connection Wizard, HP Browser Booster, AIM and ShareThis Toolbars, Internet Explorer Setup Toolkit, PointCast 2.0, 100 Greatest Apps CD, Microsoft's Winter Fun Pack
- Systems produced or enhanced include the Cancer Agency's Online Drug Claim Reimbursement and the Olympic Secretariat's Spirit of 2010 Community Chairs Extranet
- Positioned company to win the Business Excellence Award from the Chamber of Commerce for two years
- Public speaking at events and the local college and universities
John has 6 recommendations (4 co-workers, 1 client, 1 partner) including:
Ted N., Contractor, Mercurial Communications
Chris C., Technical Manager, Mercurial Communications Inc.
Senior Business Developer and HR OA Solutions
Privately Held; Information Technology and Services industry
2000 – 2002 (2 years)
- Generated exceptional sales and partnerships
- Supplied resources and solutions for enterprise systems
- Systems produced or enhanced include the Natural Resources Information Network, Electoral Information System, Biogeoclimatic Ecosystem Data Mart, Fire Protection Dispatch System, Aerial Photography Systems, Univeristy Intranets, Archives and Records Information, Business OneStop
- Actively built and maintained a pool of information technology staff and contractors
- Responded to Requests for Proposals and Requests for Information
- Facilitated medium and large-sized business development
John has 1 recommendation (1 client) including:
Trina I.
President VIDDAT (Vancouver Island Design - Digital Avatar Territories)
Internet industry
1996 – 2000 (4 years)
- Research company involving multi-user dimensions (MUD) s and multi-user shared habitats (MUSH) s for government agencies and private corporations
- Provided immersion sessions with Head-Mounted Displays (HMD) s
- Knowledge base included Heads Up Display (HUD), Augmented Reality (AR) and Telepresence
Education
The University of Western Ontario Bachelor of Arts, Concentration in Film Theory and Criticism, Computers, Business, Psychology and Engineering
Activities and Societies: Co-Hosted Weekly "The Johnny and Dean" Radio Show, 2nd Place for University Business Case Award.
Recommendations For John
Executive Vice President HeavyLifters Network Ltd.
“I've worked with John many times, he has a knack for connecting world class clients with world class talent. Even the toughest clients have always been happy with his results.” August 14, 2007
Bill S., Chief Software Architect, Mercurial Communications
worked directly with John at HeavyLifters Network
“John Rafuse is one of those guys who doesn't give up. He has a keen insight into business development, sales and marketing and can build a business. It is no small wonder that his previous employer went from some 25 people to an industry leading company with 140 while John was in charge of sales.
In short, John understands business, business relationships and how to complete a complex multifaceted deal. I had the privilege of meeting several of his former clients and they were highly complimentary of his business ethics and abilities. We at Adevia will hopefully have an opportunity to work with John at Heavy Lifters in the near future and won't hesitate to do so.” July 23, 2007
3rd Chris H., Major Account Executive, Mercurial Communications
worked directly with John at HeavyLifters Network
“John has a proven track record of creating new business opportunties and new sales channels for us with some of the biggest names in the industry.
John thinks big and makes big business happen in a big way!”” July 23, 2007
3rd Howard S., Executive VP, Marketing, WUGNET Publications Inc.
was with another company when working with John at HeavyLifters Network
“John has an amazing strength of personality. He has this way of getting his point across without being pushy.
He's hands down one of the most amazing salesmen I've ever seen in my entire life. Most of the projects worth doing at Mercurial were brought in by him, on the basis of his charm and conviction.
I look forward to working with him again, and you should too! He's a brilliant fellow, with enough knowledge about the industry to match the right problem with the right problem solver.” July 20, 2007
Aaron G., Technician, Mercurial Communications
worked indirectly for John at HeavyLifters Network
Vice President - OEM and Partnerships Ink Media
“The key word for John is business development - one of the best I've seen.” July 22, 2007
3rd Stan L., Managing Director, Asia, Ink Media, Inc.
worked with John at Ink Media
Vice President - Global Business Development Mercurial Communications
“John's business development expertise enabled Mercurial Communications to expand it's service offerings to such industry giants as Microsoft. I thoroughly enjoyed working with John and his team on the Microsoft Windows Connection Wizard, and look forward to working with him in the future.” September 17, 2009
Ted N., Contractor, Mercurial Communications
worked indirectly for John at Mercurial Communications
“John is one of the most determined people I have met. He never shied away from putting in the long hours, taking the calculated risks, and doing whatever it took to get the job done. You have to admire his gusto and creativity!” August 6, 2007
Chris C., Technical Manager, Mercurial Communications Inc.
worked with John at Mercurial Communications
“John Rafuse was one of the most adept sales managers I've known, skilled at closing the deal, making customers comfortable, and effectively managing the often complex and volatile relationships that IT is known for. His enthusiasm and intelligence made him a pleasure to work with and contributed to an impressive record of success.” July 12, 2007
Kurt C., Senior Architect, Mercurial Communications
worked indirectly for John at Mercurial Communications
“John's honesty, enthusiasm and creativity make him a pleasure to do business with.” July 12, 2007
Gerry B., CEO, Sector Learning Solutions Inc
was with another company when working with John at Mercurial Communications
“What has always impressed me about John is his enthusiasm toward fostering business development. He has a keen vision of where technology is heading and seems to know the best opportunity to strike.
I am pleased to have met and worked with John and would gladly work with him in the future.” June 29, 2007
Justin L., Senior Software Developer, Mercurial Communications, Inc
worked with John at Mercurial Communications
“John Rafuse has the unique ability to always get things done. He is well known for delivering cool technology for top brand names and every project his team provided us was flawless. I trust John completely, and our entire team enjoys working with him.” June 26, 2007
Top qualities: Great Results, High Integrity, Creative
Larry M.,
hired John as a Application Development in 2003, and hired John more than once
Senior Business Developer and HR OA Solutions
“I enthusiastically recommend John for any position where clients would benefit from a thorough business analysis. John was very patient and always kept our project's ultimate outcome in mind. John fit right into our project team - he was willing to listen to our ideas and share some creative ones of his own. All in all, if I were to award John a grade, it would be an A+.” July 20, 2007
Top qualities: Great Results, Personable, High Integrity
Trina I.,
hired John as a IT Consultant in 1998
Bigsky, the level 1 objective is to have 50,000 registered by June 1. Are we on target to achieve this goal? Thanks for responding.
SMEV up 60% on news of revenue for January.
Simulated Environment Concepts Opens 2011 with the Greatest January in the History of the Company
If I can recall, last January SMEV jumped up to .07 but without this kind of revenue. $600K in revenue for the month of January is huge. I hope this pushes the pps back up to last years high's.
Good...was wondering how things were progressing in Israel.
1 million here...
News!!! "SpaCapsule Medical Sales Surge with Increased Interest from Physicians and Physiotherapists"
If SMEV can get a strong foothold in the medical community 2011 will be explosive.
http://www.worldmarketmedia.com/1876/section.aspx/3059982/spacapsule-medical-sales-surge-with-increased-interest-from-physicians-and-physiotherapists
2M in volume though neg(-), still greatest volume year-to-date.
SMEV rev. increase from 1.8M/yr to 15M spread over 4 yrs.
Hmmmm...let's see...$15M/192M = $.078 per share. I can live with that.
Go Ella!!!!
DD SMEV .099 - News, increasing rev. 15M over next 4 yrs. O/S 207M, Float 99M
News is misleading...cancellation of the second tranche of 1.3 billion was completed on the 28th of October. This is the third cancellation, or is it? If so, that leaves 900K more to be cancelled. 4.5B - 1.3B(10/18/2010) - 1.3B(10/28/2010) - 1B(today) = .9
We need more volume...avg. volume needs to climb to 500K
"Management expects to have one additional multi-year distribution deal in place by year-end - only adding to the current increase in sales and global demand."
600 units already sold...I believe the sticker price is around $25K...600 x $25K = $15M in revenue spread over the next 3 years. Plus an additional multi-year deal expected!!!!
Now is the time to get on board