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It's still "IFLB" and RB. Fair warning: If you say something even remotely positive about PHEI, be prepared to be attacked.
I'm here, I'm here! Sorry about the absence.
I believe we are headed for better days with PHEI. I was never in favor of authorizing more shares, because I knew it would do great violence to the pps. I voted against it. The silver lining is that it has allowed Koler to continue operations without entering into a toxic funding deal or weighing down the company with another loan.
In the short term this has not been good for the shareholders, but it is good for the company. I believe that lost credibility will only be restored when Phantom does the one thing they have never done before: release an actual product. That's supposed to happen next month.
Time will tell.
Mancini site back up. EOM
This is from SROBBIN on RB. It is an undersea restaurant in Israel. I find this extremely helpful for anyone trying to envision the R&C and it's possibilities. I just hope Joseph picks out different furniture!
http://www.aquagallery.com/redstar/index.htm
Yeah, I did see that. You're right, that's obviously another good revenue source. I love Olive Oil, and despite its healthy properties, I won't turn down fried food either. But, unless their peanut and corn oil is fairly cheap, I see no reason why it would be used in North America (except for divisions of Cala).
After looking over some of my old research on Cala I'm becoming more convinced that the driving force behind this I.M.O.I.L. deal is a long standing personal relationship between the two parties. It appears that Genesio Mancini and Joseph Cala hold eachother in very high regard. Time will tell, but that will probably answer my questions about how they're pulling this whole thing off.
Anyway, have a good weekend...
I'm going to be the first to pop the cork on the chanpagne if Cala makes the jump to the AMEX. MM manipulation will always stand in the way as long as Cala remains on that rinky-dink exchange (otcbb).
A fair and orderly market is always the best place to do business.
It looks like Cala is getting into this business at the right time. Olive Oil is a good revenue producer, clearly. And it's just getting more and more popular in the U.S. Olive Oil is the only healthy oil around for cooking (aside from Canola, which doesn't taste very good). Imagine how many units will sell in service to Modafferi and the Resorts alone.
Incidentally, I had a Spanish olive oil a few months back. It was so good I could have drank straight from the bottle. I could say the same about many Italian olive oils. I'm quite a fan of the stuff. There's also a bustling olive oil industry in Napa and Sonoma valley. But, like wine, I think that origin has a lot to do with the appeal. This is why Italian oils will always have an advantage over oils from Spain, California, and France (IMHO).
Looking forward to a good year.
I do admire Joseph's and Joe Johnston's accessibility. It does say a lot. They don't run and hide.
I choose to believe that 2000 is in the past and that 2001 will be a great year for Cala Corporation. I could get burned, but your email gives me great hope.
Oh well, it'll probably be okay. Again, thanks toonces. Great information.
Wait. He said "If and when..." That's scary. EOM
Outstanding. This is better than you made it sound. Good work, Toonces!!! This has made my day.
Toonces, thanks! If I had to distill my reasons for investing in CCAA down to one factor, by far it would be Joseph Cala's drive. The guy has plenty of guts, and I really respect that. It's absolutely crucial on the OTCBB.
And I think that the AMEX listing is the best part. It's been in his sights since the beginning, and it can't happen soon enough. In fact, I think he's chums with the president of AMEX. That will help.
Go CALA!
While I realize that the Undersea R&C is the Big Kahuna, I really think that San Giuseppe Molino and its 18 current and future locations (which will all use Mancini Oil imported by A.P.O.L, of course) will be the third rail of Cala Corporation.
Big bucks in the future, methinks.
Good point about the location of the PR. I had not thought of that. Funny about them bashers. They're awfully quiet when there's some good news.
Also, regarding the tax issue and the Ground Floor Cafe, I was told that Mr. Cala felt that the tax on the cafe exceeded the value of the cafe. It was part of the acquisition of CRC, and it's been sort of a thorn in his side ever since. He's trying to sell it and use the cash to pay the tax.
You see, when you ask questions you find that there are simple answers for everything. This is a concept lost on the bashers.
Did some checking on the status of the Undersea line drawing.
George Berean, the project manager on the undersea resort for Wimberly Allison Tong and Goo, has commissioned someone to produce the drawing. Cala currently has a drawing, but it shows too much of the project above water.
There is no time frame for the completion of the drawing at this time, but I just wanted to let everyone know that it is still in the works.
We can thank Due Dilligence for giving Cala Corp. this excellent idea!
Nevermind...here it is (from DD):
With the turmoil of Presidential politics and the perceived softening of the ecomomy, many, many stocks in the big market
and small alike have suffered for months. Many investors have nothing, but a "sea of red". Some have done very well
"shorting" the large NASD issues.
Am not happy that the "line drawing of the architectual plans" for the hotel hasn't been added to the a updated web site
yet. CCAA is now where it was a year ago. Remembering those months a year or two ago when the stock moved easily
up and down .50 and virtually unknown by the internet, few investors, and not even a web site to be viewed. Still believe
in the management efforts to build this company. Also believe CCAA has made an effort thru releases to keep
shareholders advised, but underestimated the "gov't" red tape, time problems when dealing on a international level, and
impatience normal in the "penny" arena. Some of the releases just had bad timing due to the market conditions, too. On
the bright side, the company had paid off debt, has increased the revenue base by 450% last quarter, aligned itself with
well-known individuals and companies, has bought back shares, Reported it's first quarterly profit in years, not increased
it's overall share count, and still has some things in the negotiating stages. Will continue to remain, possibly adding to
position whenever the floor is stablized. Hoping overall market conditions improve and/or CCAA continues to realize more
revenue growth and additional profits.
DD
DD: Can you possibly provide a message of calm and reason? I am long and strong on CCAA, and merely regard this downtrend as a reason to load up. However, my pessimistic side is getting a bit nervous.
Any thoughts?
Spam on RB is out of control! EOM
If the financials are done, any idea about when we will see them? EOM
If the financials are done, any idea about when we will see them? EOM
They can make us look as weak as they like. Just means I'm going to buy more. Because when the Q3 comes out, it's not going to be up to them anymore.
And it might not be all that much of a wait. I know I sound like a broken record...but the currentshare price does not reflect the current condition of the company. The cat will be out of the bag (well, it already is for those of us paying attention) when the quarterly report comes out.
I'm excited.
DD: I assume by "bumps" you're talking about Cala reconsidering the Naples deal? Also, do you believe that he's continuing with the plans, or are you certain he is?
Sorry, I don't mean to split hairs...but I don't feel the road is bumpy at all. I simply think things are a little quiet right now. We've been spoiled by so many press releases over the last month or so.I still feel that Costanzo will become a reality in late November. And, you know, there are possibly things in the works that we know nothing about.
And? Do tell.
Ja. I'm just saying I asked them directly and that's what they told me. Believe me, I hope it's sooner.
November 16 was the date I was given. And I agree that earnings should be better. I know I sound like a broken record, but with all the debt paid off and the recent acquisitions the numbers have to (...ok, that's too irrationally exhuberat) should be strong.
I just hope we get noticed and the market reacts accordingly.
Ditto. I am happy to reduce my RB exposure. Not so much because of the spam, but because I can't begin to fathom the raw panic that seems to have broken out there.
I have been more than pleased by the work that Mr. Cala has done in his first year of operation. His company is growing at lightening speed, and he's hiring some solid people to advise him. I think we have every reason to be optimistic. I feel sorry (I guess) for all of those people who are wetting their pants over at RB. I mean come on, if you can't handle the volatility, why did you invest in the first place?
Here's looking forward to some solid DD, some informed opinions, and a very bright future!
Thanks whitey, but where is DD going? Isn't this his gig?
As I mentioned on RB, it's almost as though the market is treating CCAA as though it's still in the condition it was in before Mr. Cala acquired it. I have a feeling there is going to be a serious shift in the share price when the quarterly report in released in mid-November. There should be yet another shift when the annual report is released, which will reflect (we hope) the acquisition of Costanzo.
Also, given the state of the market these days, I figure CCAA will benefit from the fact that it is NOT an internet company.
Matt: The thing about the Undersea Hotel and Casino is this...once you learn the details it turns out to be not as crazy as it sounds. I'm quite sure that the appeal to Mr. Cala has much less to do with the novelty of location than it does with the cost vs. profit of a project that's a) subsidised by the government, b) can be produced in multiple quantities, and c) avoids property taxes.
Smart and throrough. What more can one ask from management?
Well, all he said was mid-November. I asked about projections, but received no answer. I would anticipate recent acquisitions to be reflected in Q4. I don't know what will happen in the near future, but I think the new year will be very good to us.
Q3 Report due in mid-November. EOM
Um...okay, Bill. Is your phone broken? EOM
Bill, he's been very good about returning emails. His responsiveness tp investors is a real asset for Cala.
I doubt that Cala will be on the Nasdaq, at least not if the first quarter of 2001 is the goal. I think in order to qualify for a listing on the Nasdaq you have to maintain a price of $5 a share (average) for a specified period of time.
But, I could be wrong...
Thanks for the post, Mr. B. If everything you believe to be true is true, it is HUGE. In fact, huge is an understatement. I'm not trying to hype here. Things look good.
Particularly the jump to the NYSE. This will allow institutional investors to consider CCAA, which is extremely important.
I took DD's advice and made the jump from RB. I deplore spam.
And go CCAA! I think next week will be spectacular.