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Company Info
A long-term copper and molybdenum producer. Amerigo produces copper and molybdenum from fresh and old tailings generated by El Teniente, the world's largest underground copper mine. El Teniente is owned by Codelco, the largest copper company in the world, which is owned by the country of Chile.
Source: www.pinksheets.com
News/Announcements
April 9, 2010
We are pleased to announce the closing of Clarendon Hill Somerville LP's acquisition and commencement of rehabilitation of Clarendon Hill Towers 501 Unit Affordable Housing Project in Somerville MA.
First Hartford Corporation through its affordable housing arm, Connolly & Partners, LLC is proud that the project worth a Total Capitalization of $68,775,000 was provided financing by:
Mass Housing
Tax Exempt Bonds - $27,750,000
Department of Housing & Community Development
Commonwealth of Massachusetts
Capital Improvement Loan - $2,000,000
City of Somerville
HOME Loan - $245,000
Boston Capital Corporation
Low Income Housing Tax Credit Equity - $12,350,000
Source: www.firsthartford.com
News/Announcements
April 20, 2010
We are pleased to announce that Childrens Place will be joining the Shoppes at Rio Grande Valley. The store is set to open in August, 2010.
Source: www.firsthartford.com
Company Info
First Hartford Corporation is engaged in the purchase, development, ownership, management and sale of real estate. The real estate, owned and/or managed by the Company through various subsidiaries and joint ventures, is located in Connecticut, New Jersey, Texas, Massachusetts and Rhode Island. The real estate business of the Company is diversified in terms of geographical locations, type of commercial property and form of ownership or management. The Company is primarily involved in the development of real estate for its own use. As of April 30, 2010, the Company had two unconsolidated operating partnerships accounted for under the Equity Method. The Company has a 50% interest in Cranston Parkade, LLC which in turn has an interest in Cranston/BVT Associates LP, which owns a shopping center in Cranston, RI. The Company also has a 50% interest in Dover Parkade, LLC, which owns a shopping center in Dover Township, NJ.
Source: www.scottrade.com
Company Description
First Hartford Corporation and its subsidiaries (the "Company"), is engaged in the purchase, development, ownership, management and sale of real estate.
Source: www.pinksheets.com
Dacha Business Model
Dacha is structured as a tax efficient, diversified vehicle that allows investors to participate in the long term appreciation of strategic Rare Earth elements and other critical Minor Metals. These materials will be stockpiled in geographically diversified warehouses that are LME (London Metal Exchange) or MMTA (Minor Metals Trade Association) approved in order to ensure the highest quality of service in storage handling. Dacha shareholders will benefit from the following trends:
•Rising values of strategic Rare Earth elements such as Dy, Tb, Eu, Y, Gd, Pr and Nd
•The growing strategic premium for having critical materials in politically neutral countries
•The expected spot volatility trading opportunities that will present themselves to the only publicly funded financial participant
•A diversified basket of hard assets as opposed to a single element approach
•Professional management critical to obtaining and managing the portfolio in difficult to access markets
•Focused exposure to specific physical strategic commodities rather than mining deposits and their associated risk profile
Dacha is ideal for the investor who recognizes the importance of these unique commodities that are driving Green Technology and Advanced Materials into everyday products, without the mining and execution risk.
Source: www.dachacapital.com
Current News
Lt. Gen. Ronald Hite Joins Dacha Board
Tuesday 09/14/2010 7:31 AM ET - Marketwire
Related Companies
Symbol Last %Chg
DCHAF 0.359 0.00%
As of 11:02 AM ET 9/14/10
Dacha Capital Inc. ("Dacha" or the "Company") (TSX VENTURE: DAC)(OTCQX: DCHAF) is pleased to announce that following the Company's annual and special meeting of shareholders held on September 13th, 2010, Lieutenant General (Retired) Ronald V. Hite has joined the Company as a director.
Lieutenant General Hite retired July 1, 1997 from the United States Army after 33 years of service. During his military career, General Hite held several senior military leadership positions and is a Vietnam War veteran. His last active duty assignment was as Military Deputy to the Assistant Secretary of the Army for Research, Development, and Acquisition, the Senior Military Advisor to the Army Acquisition Executive and the Army Chief of Staff on all research, development, and acquisition programs and related issues. He testified as a principal military witness for Research, Development, and Acquisition appropriations with Congress, supervised the Army's Program Executive Officer System, and also served as the Director, Army Acquisition Corps. Upon retirement from active duty, General Hite joined Cypress International, in Alexandria, Virginia, and retired as the Chairman and CEO in January 2005.
He holds a BA in Chemistry and a MS in Management Science, and is a graduate of several senior-level military schools. General Hite currently serves on various boards and advisory boards and is President of the East Tennessee State University Alumni Association.
Shareholders also approved the Company's change of name to Dacha Strategic Metals Inc. The name change remains subject to TSX Venture Exchange approval before the Company will commence trading under its new name and ticker symbol.
In addition, the Company reports its estimated net asset value at August 31, 2010 was $30.5 million, or $0.42 per share, based on 72,159,214 million shares outstanding. The NAV is calculated on the Market Value of our physical inventory plus other historical assets and working capital. As at August 31, 2010, Dacha's physical inventory portfolio consisted as follows:
Metal inventory
(in millions of Cdn
dollars - unaudited) Quantity (Kgs) Cost Market Value
----------------------------------------------------
Held outside China
Dysprosium Oxide 5,000 $ 1.0 $ 1.5
Dysprosium Fe 30,000 5.9 8.8
Gadolinium Oxide 20,000 0.4 0.7
Lutetium Oxide 3,000 0.9 1.1
Terbium Oxide 13,000 6.7 8.5
Yttrium Oxide 20,000 0.2 0.7
Held within China
Europium Oxide 6,000 2.6 2.7
Yttrium Oxide 120,000 1.0 0.9
$ 18.7 $ 24.9
Overview of Dacha
Dacha Capital Inc. is a unique company that acts as a financial intermediary between investors and the inefficient, difficult to access markets of strategic commodities. We participate in a very direct manner by purchasing physical inventories of commodities that qualify under our investment thesis. Our investment thesis utilizes an intensive screening system to identify opportunities by measuring such factors as supply side response, diversification of demand base, demand/supply fundamentals, substitution risk, technology risk, and their strategic nature within the value chain etc.
Our mandate is to give investors the most pure source of exposure to undervalued commodities. Therefore, we do not regularly engage in significant sales. Instead, we recognize that there is value in trading a small portion of the inventory to take advantage of volatile spot markets. Our overall goal is to remain invested in strategic commodities.
Source: dachacapital.com
Share Structure
Share Structure (at July 28, 2010)
Common Shares Issued & Outstanding 72,159,214
Warrants 22,225,490
Options 2,100,000
Fully Diluted 96,484,704
Source: dachacapital.com
Dacha is an investment holding company. The primary investment objective of the Corporation is to acquire a physical inventory of strategic minerals not generally available to an investor.
Source: Pinksheets
this stock has gone belly up...the fat lady is back in her dressing room...elvis has long left the building...old macdonald has sold the farm...the birds have flown south for the winter...ron jeremy has (disregard this thought)
American investors not familiar with the Deutsche Telekom name are certainly more familiar with one of its subsidiaries, T-Mobile. All Deutsche Telekom company names being with a "T".
The parent company owns, in addition to T-Mobile, T-Home, T-Online and T-Systems.
Deutsche Telekom also holds substantial shares in other telecom companies, including Central European subsidiaries Slovak Telekom (Slovakia), Magyar Telekom (Hungary), and T-Hrvatski Telekom (Croatia), which are now fully consolidated into T-Com/T-Home. Furthermore, Magyar Telekom holds majority shares in Combridge (Romania), Makedonski Telekom (Macedonia), and T-Crnogorski Telekom (Montenegro) all of which have also been rebranded and included under the T-Com/T-Home umbrella.
As of December 31, 2009, Deutsche Telekom had Revenue of €64.60B, Operating Income of €6.012B, Reported Profits totalling €353M, Total Assets of €127.8B, Total Equity reported at €41.94B.
Eavesdropping Controversy...
As part of the Deutsche Telekom eavesdropping controversy, charges were filed against the company for allegedly abusing call data to snoop on supervisory board members and journalists.[6][7][8] In October 2008 the company confirmed that personal information of 17 million mobile phone customers had been copied.[9][10]
(Source: Wikipedia)
Deutsche Telekom AG (abbreviated DTAG, English: German Telecom, FWB: DTE) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Europe after Vodafone.[2]
Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW.
(Source: Wikipedia)
Boards are quiet...not much info coming out of leageu HQ...no trading activity...
Looks as though league is dormant this year. No substantial news posted on league website...
No PPS fluctuations, no activity.
Beazy,
I think this is the sentiment shared by many investors who bought SMAS. For, regardless of how honest or dishonest the CEOs intentions and actions were, there does not appear to be any equity left in this company.
It is really too bad that investors lost money and that what looked to be a nice company/product/service, at least on the surface, appears to be a non-entity and dead in the water.
There we go...gap between bid and ask has narrowed.
Getting back to the gap between bid and ask...some of this could very well be due to the sellers' excitement over the trans-atlantic merger and the buyers' concern over the recent less than ideal financials. Hence the gap, which one would think would narrow when the drama and related excitement subside.
This has undoubtedly been debated by at least a few people. A primary problem is that the shares controlled by beneficial shareholders probably are not enough to control the company. The CEO and the party or parties to which he sold large quantities of deep-discount shares certainly control the lion's share.
A second challenge is finding a person willing and able to champion the cause of the shareholders and unite them in a buyout.
A third issue is the fact that either there is no market for Somatic's specific philosophy or the requirements to properly market the service far outweigh the abilities of the CEO and his staff.
Finally, and perhaps most importantly, it would cost more money and effort to gain control of this company and rebuild it than it would to start a new one with a clean sheet.
In short, assuming one could get control of this stinker of a stock, what would he/she do with no assets, a soiled reputation, and a service/product whose viability is at best questionable.
The new joint venture expands an already extant one between Delta/Northwest and KLM, a merger which now reportedly represents 26% of trans-Atlantic capacity or $10B.
Joint venture between Delta, Air France-KLM and Alitalia gave us the nice bump. Hope the cooperation on transatlantic flights reduces costs, bumps revenues and rejuvenates this stock.
Bit of a gap between the bid and ask...no doubt it at least somewhat affects the low volume.
And, of course, the financials of the recent past have been a bit rough.
Nice bump today on Euronext...up 2.23% to € 10.03
Impressive line of tobacco products...the Davidoff name is synonymous with top-shelf tobacco.
Zurich Financial Services AG was recently added to the OTCQX listings.
Looks like it's in extended hybernation.
Although this is probably true, buying out shareholders to the tune of 20B shares - or whatever the actual outstanding share count is - and going private would cost him far more than the annual costs related to remaining a public company. Moreover, from what I can tell, SMAS has had to sell shares at discount just to cover operating expenses and to keep the lights on. In short, SMAS probably does not have nearly enough money for a buyout...assuming the CEO had any incentive to do this.
Waitaminute, I realize that you are a sharp guy and that I am saying that which you and many others already know...just had to state the obvious.
I will give you a quarter and a half-stick of gum for the stock...looks like the only value left in this company is the price someone is willing to pay for a shell company with a buttload of apparently worthless stock and, to put it politely, a seemingly checkered past.
I have seen multiple posts desiring and/or questioning the possibility of the SEC investigating SMAS for questionable/fraudulent activities. This will probably never happen.
(1) The SEC has neither the staff nor the budget to pursue every two-bit pinkie who might or might not be misbehaving.
(2) We know the score - these investments are of a highly risky nature; and the SEC knows that we know; and the SEC knows that we know that they know that we know.
(3) It is not worth the time, effort and money for the SEC to pursue these organizations.
(4) The SEC could not catch Bernie Madoff with a compass, GPS and multiple warnings from financial experts. Organizations like SMAS are not even close to being in the vicinity of finding their way onto the SEC radar.
Just my humble opinion...with a touch of sarcasm and cynicism.
Still no activity on the board...
Thanks for the input. In short, I am surprised that more people have not raised a stink about the apparent direction of this company. On the other hand, perhaps they have given up and moved on.
Am debating buying a few shares, if only because I like the concept of investing in professional sports via the public market. That said, this stock by no means gets me excited...need more teams and marketing.
No movement today...looks like this thing might be headed to a slowly rolling halt.
Interesting...no activity; not even a moderator. MHTX has been holding steading since improving from .022/share.
Just looked at the site. My number of $35,000 seems to have been entirely too high.
A much lower number should make the prospect of bringing corporate paperwork up-to-date that much easier.
Regarding SMAS corporate status...although the company does not appear to be in good standing with Nevada's SOS, SMAS should be able to upgrade said status to "Good Standing" (or the equivalent thereof) by paying a fee of what looks to be $35,000 - the max annual filing fee for companies (incorporated in Nevada) with large quantities of issued shares.
Someone correct me if I am wrong.
Those are legitimate points, pantherj.
You mentioned the much dreaded RS. Another possible reason for a RS is the fact that it would save SMAS thousands or tens of thousands of dollars in expenses...the taxes/fees accrued due to 15 billion shares of stock are not cheap. This might help explain the "Administrative Termination." SMAS might be waiting on a RS, before filing the annual corporate report and paying the associated fees, thereby saving money that it might or might not have.
In short, it is less expensive to first execute a RS and then worry about correcting paperwork issues with the state.