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News just came out. There will be a conference call on April 5th to discuss business partners and the expectations for 2011.
I went under the company website under company and wecasts. It looks like there is a conference call this Friday at 10? Could be details of the merger or year end info?
I've been watching this stock for the past week. It is starting to get enticing to enter. I think I might have to throw a little money at it if it gets under 3. The real question is whether there was real accounting issues and what is being restated. The CFO resigning obviously is a red flag. These flags make it hard for me to pull the trigger despite the company looking like they might be on the upswing revenue wise. Any thoughts?
Well..I guess the reason for the late filing is they have to clean up their mess from the two previous quarters erroneous filings. See the 8K they just filed
Are you serious. LOL. You are one corny SOB.
Well...I do know their profit margin and operating expenses as a percentage of sales both improved from q2 to q3. Now for whether their marketing efforts haved kicked in quite yet in increased sales I'm just not sure...I guess that's why it is a gamble.
You all think revenue is going to come in positive to last quarter or you think it will take one or two more quarters of getting entrenched in the marketplace and hoping the infomercials will do well?
Is there a reason there is no volume on news?
I'm just staying put until I see what q3 did. I bought in at .24 or $6.
I actually found it online as well on a teamsters website. It is a call between the two parties.
Where did you get this info.? Do you have alink?
No worries...To big of a player for them to be delisted just yet. An extension is most likely. I live in the Akron, OH area and went to the PGA golf tournament in early August. One of the sponsors for the tournament was YRCW. Do you think if things were that bad that they would be spending for this? I know I would be cutting pennies left and right if you were just trying to hang on to the business.
Let's hope soon if good news comes through on the apps. talks and if Q3 is a step up.
Thanks for the info. I agree that if the ask drops to .066 I may buy in some.
Does anyone know why this stock is not going anywhere with no volume? I believe they are to report their year end statements in mid to late Sept. and I was thinking of getting on board. It seems like a legit company with increasing sales.
Understandable....Makes sense.
I also tried sending them an e-mail a month or two ago about Tinsol. No reply. I also called and left my e-mail address. No reply. Someone did answer the phone though. lol. It could be a bum off the street for all I know. I figure that there has to be some sort of communication to investors in the next month or two because they have so much supposedly going on. If nothing is heard by around that time then I might pack it in and take my loss and move on.
Indeed...that would not make sense much sense. I guess we'll see how it shakes out in the coming month or two. I'm in until atleast then. I think the make or break period for this stock is through this fall when they are trying to get this company on its feet. I'm interested to see their next press release. I think a lot of people are interested in seeing what is doing. People are starting to get a little nervous not hearing anything after their supposed meeting with the Indian gov. on July 31st. I think a little patience may be needed however. I think they may be trying to trim all fat possbile right now with this being a new company and initial set up costs running high...that fat includes less communications I believe.
Very odd indeed. So you are thinking maybe they issued more shares? Maybe for financing?
Same here.
I agree. I think we are going to see this hover between .008 and .015 until there is some more news soon hopefully updating progress with the Indian government on building a facility there and on how progress is coming with the China plant to be able to begin shipments against there contracts. If all proceeds as plan it should pop nicely by EOY at latest.
Upgraded to current information on pink sheets. Another step in the right direction....
Does anybody think something is going on with FDEI that is about to be released? I guess it could just have to do with the tier change but I noticed that the last couple days the website has been down and today there was a large order put in for 220K shares which is heavy compared to the last week or so.
Nevermind...I see..change from no info to limited on pink sheets. Look out! LOL
What do you mean Cubs?
And if you go off of a conservative 25% gross margin rate then that puts the company worth $225M after COS over the next several years. If you value the company off of this then it should atleast by trading at 0.37 which if all holds true is I think more on target.
Sorry...faulty math there. Actually a conservative rate to the bottom line would be 3% not 20%. So the profit as it stands now coming in over the next several years would be about $27M. All in all this thing if everything is real and stays somewhat on track should be trading at atleast .05 and probably will go higher than that.
I agree...we will know within the next 3 to 6 months how things are progressing with this company (i.e. - china plant, India projects, becoming compliant with pink sheets). If all is correct and you assume a conservative 20% to the bottom line then this company is worth $180 million over the next serveral years. That would mean at 600M shares that it should be trading at atleast 0.30 if all goes to plan.
I know what you mean..I don't know yet what to make of this company! I am holding on to my stock to see what actually unfolds. I can either hit a home run or take some loss. Might as well see what happens a little longer...
Fidelis Signs Second 93MW Contract in South Africa for the Sale of Solar Modules Worth $210 Million
4:00p ET June 29, 2010 (Market Wire)
Fidelis Energy Inc. (PINKSHEETS: FDEI) announced on June 22, 2010 it has entered into a long-term solar module supply agreement with Lagofrio Energy Solutions (LES), a wholly-owned subsidiary of TinSol Energy (pty) Ltd. (TSEL), Johannesburg, South Africa. TSEL and its group of companies is a renewable energy conglomerate originally based in Spain that has recently begun the process of relocating its operations to South Africa. Under the terms of the contract, Fidelis Energy will supply 93 megawatts (MW) of PV Solar modules to TSEL for use in the development and build-out of several solar parks in Africa. Fidelis will begin shipments against this contract during the first quarter of 2011. Product will ship from the Fidelis module plant in China, scheduled to come online during the fourth quarter of 2010.
Mr. Wes L. Volker, Managing Director of TSEL, commented: "We have continued to select Fidelis as our partner to supply our large solar installations due to the cost and performance advantages afforded by the Solar Cell technology owned by Fidelis. This second contract is another step toward a long and prosperous relationship with Fidelis as we develop and expand our energy business in Africa."
"We are very pleased to have secured another large capacity contract for Fidelis Energy," stated Mr. James Poole, CEO of Fidelis Energy. "This second deal with TSEL validates our ever improving position in the international solar market. Along with the substantial investment commitment we secured in February, additional large megawatt capacity agreements are under negotiation that will facilitate Fidelis to command a leadership position in the high growth solar market. We are extremely pleased to be working closely with TinSol Energy (pty) Ltd. to accelerate our growth in Africa." Mr. Poole added, "The environmental benefits of solar energy are critical to addressing the global warming challenge facing all of us. The electricity generated as a result of the deployment and use of the PV modules we will sell to TSEL will avoid the annual emission of nearly 600,000 metric tons of CO2 that would result if the electricity were generated by coal-fired power plants."
Fidelis Energy announced up to $80 million of new financing in February 2010, for the purpose of expanding its photovoltaic manufacturing capacity. The Company plans to expand its annual manufacturing capacity by approximately 150 MW in each of the next several years.
I found a little snapshot of ASDR Barranca Solar which is the Spain company the acquired 8% of back on Oct. 21. Down in the merger acquisitions it even has this acquisition. This is the only thing I was able to find that isn't an article that also mentions Fidelis in it. Again, not much info here but might prove that this company exists. Website is below:
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=84236767
Stick with it people. Ask yourself this question, why would criminals not take their money and run at this point. Why continue to spend money to upgrade the website and add new phone lines to the head office and Spain office...and I know the phone line exists because I called and got an answer....and I know the spend money on their e-mail addresses because I got a reply from one of those addresses. So why would they even bother hanging around and spending money on a fake company that can get them jailed? Just doesn't make sense to me..Hang in there folks and let this one play out a little longer.
You've gotta understand Obi part of investing in a penny or under stock is taking a gamble that it is legit...you know that. I understand what you are saying though and I agree the SEC could probably be doing better regulations in some cases. However, if you don't own stock then why come on here and bash the company? Are you trying to push down the price for yourself to buy in?
I think you are correct that it excuses the company from certain filings. I belive in the upper corner of the filing it says expiration date of November. Maybe they did this to focus on getting all their ducks in a row before becoming a filer...Time will tell. I think at this price point around a penny and I would say even a penny and a half that this company is worth putting a little stock in and taking a gamble...just my opinion.
Or it's a real company. They filed a change in securities 15-12G with the SEC back in February and they are trying to get current with pink sheets and are awaiting approval. We will see...
I called Fidelis Investor relations and asked the lady for info on Tinsol. She said the contact was out of the office but took my e-mail address. I hope to hear back. I e-mailed before and someone got back to me so hopefully I can get some clarification.
Wow. what a drop today...I didn't think it would go up any more than a penny but I couldn't imagine that it would go down 20%! Any thoughts? People nervous, pump and dump, ect?
I just noticed that too...
Pretty good detective work....Looks real.
This all good be a valid point that the buyers can't be found on google. However, like you said, google is not a be all end all. These are private companies that are out of Africa and may not be able to be located. If these companies are real which is very possible and shipments are made against these contracts this stock is going to atleast .50. Also, I am looking for pink sheets to hopefully make them current here in the next month which would also give them validity.