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eyeshuldasold, if you don't mind me asking, was it from the Calgary office that there would be a ribbon cutting ceremony for the China facility or was it from another source?
It appears some investors are losing patience with Wu and TAKD as it slowly grinds the SP down. Or maybe someone knows something they do not like and are getting out while they can.
If there is something positive in the works, it sure doesn't trade that way.
Pretty much identical to the 10-Q in May.
The plant in Taiwan appears to be a lost cause to the company. It appears to be producing at a huge loss to the company. Apparently the configuration was not built to house racks vertically. It looks like they are laying off employees instead of hiring more. Never a good sign. Hopefully they do better out of China.
From the report it states:
Net Revenues and Cost of Sales
Net revenues for the three months ended June 30, 2014 increased by $72,440 to $112,597 compared to $40,157 for the same period in 2013. The increase in net revenues was primarily due to the increase in sales volume related to the sale of vegetables to small and medium sized supermarkets in Taiwan. Cost of sales for the three months ended June 30, 2014 totaled $512,155 or approximately 454.86% of net sales. Gross profit as a percentage of net sales was -354.86% for the three month ended June 30, 2014. The construction of our factory with agricultural equipment used to grow vegetables was complete in the fourth quarter of 2013. However, the factory operated with limited capacity producing vegetables, resulting in sales revenue that negligibly exceeded fixed costs of operation incurred during the period.
Operating Expenses
Operating expenses for the three months ended June 30, 2014 totaled $198,225 compared to $743,816 for the three months ended June 30, 2013, a decrease of $545,591. The decrease in operating expenses was primarily due to hiring fewer administrative employees during the second quarter of 2014 compared to the same period last year. In addition, some expenses, such as utility cost, were reclassified under cost of sales for the second quarter of 2014 compared to operating expenses for the same period last year.
Loss from Operations
Loss from operations for the three months ended June 30, 2014 totaled $597,783 or approximately (530.90)% of net sales compared to a loss of $1,156,388 for the three months ended June 30, 2013, a decrease of $558,605. The decrease in loss from operations was primarily due to increased cost of sales, which was partially offset by the decrease in operating expense and the increase in net sales.
eyeshuldasold, maybe you could supply an update on what is or isn't happening with TAKD now?
Maybe Wu is waiting until next week to put out the long awaited news???
Note what is about to occur:
This is the only time you see this phenomenon in your life.
August will have 5 Fridays, 5 Saturdays and 5 Sundays.
This happens only once every 823 years.
The Chinese call it 'Silver pockets full. "
Read more at http://www.snopes.com/inboxer/trivia/fivedays.asp#JSW5JEaVk4PzQB3l.99
Is there something in the works that you may have heard about?
When I talked to Christian Neilson in March, all he would say was there should be some news this year (hows that for being specific) The news would give shareholders a better idea of TAKD plans.
I have since called but the standard reply was that he could not comment, no matter how simple a question. Maybe questions asked in Mandarin could get an answer.
No comments were made about actual facilities.
According to Christian at the Calgary office, all will remain quiet until they get things lined up. He couldn't say what that might be, but he felt it should begin to happen in the near (distant) future.
If they do things right, we might see our pictures then.
Either way we will all have far less stock!
I gather the goal is to try and get this to a higher level and then roll it back. if 20 cents can be achieved and with a 15 times roll back, that would get them to a high enough level to get off the Over the Counter and on to the big board. The goal is to get an IR and promote it so the roll back can actually work. Of course,significant revenue would work wonders.
600,000,000 shares out and many more to come to finance Asian plans for Veg Fab. For this company to succeed and with the right support at the appropriate time, they just might pull it off.
10K is out.
Hopefully James has an Easter Bunny to pull out of his hat. He is going to need it.
Whenever the roll back occurs, I think it will be very significant. Like 15 or 20 to 1.
But then do I care; TAKD is a dead company to me.
Christian from the Calgary office is still very bullish on what is yet to be released about VegFab. No timelines indicated, but he said the next financials in April will not be exciting.
There has been some positive movement on the CTO from the Alberta Securities Ex. for Canadians. I guess time will tell.
Not dead yet; it just appears that way.
If I recall Christion's comments but he feels they can get on the big board and that that would quash the CTO. More info required for sure.
I cannot trade TAKD because it is on the pink sheets (OTC) on the US side;(as per CIBC) That problem should disappear when they get listed on the NASDAQ.
Also, the new board member may be having a positive influence on the share price.
Along with some reports of tainted food hitting the food shelves in China, people may want to grow their own.
When I talked to Christian many moons ago,he indicated the plan was to get the price up to around 20 cents, do a share roll back and get listed on the big board; which would free up the Canadians who cannot trade their stock.
Wouldn't that be nice??
Are they trying to give us a heart attack
Thanks for your response MM. I reside in BC and I have documentation indicating all purchases of TAKD were done in 05 and 06.
What I would appreciate is the name of the firm that "this person" traded through. I'm not clear what would constitute a "small firm". What I do know is that you are correct in that the big firms (like CIBC) will not do the trade. I have also contacted some other large firms for ex., other banks and they to will not do the "Horrible Deed".
Thanks in advance.
Greenhorn
Marketmaker, your silence is deafening,eom.
A question for marketmaker25
I presented order (2007 BCSECCom 240) to the compliance officer of my on line brokerage CIBC. There response was, NO, they will not sell my TAKD. They said that their standards were higher than BCSC.
BULSHI$$.
Can you or someone who has sold via a Canadian brokerage, give me the names of on line brokerages who have actually done this transaction. I plan on moving my account to a firm that will allow me to sell TAKD.
Thank you.
No Canadians involved here .
I contacted several brokerages and they all say the same thing; Canadians cannot trade.
One broker suggested that with the amount of money outstanding by TAKD to the Alberta Security Comm., he recommended I do "A Gift of Deed". Get out and use this looser as a tax writeoff
Who in their right mind would pay anything for this company.
No news,high debts, no business plan that anyone has heard of.
Unless of course your a gambler; with TAKD trying to operate in Vegas, maybe that explains it all.
I too would transfer my account to a brokerage that would allow me to sell. Anyone out there know of one? They would get a whack of new business.
Some posters on this forum are as sick as this company. Someone tries to offer some POSITIVE info, and a select few jump all over him.
Everyone is screaming for information and the messenger gets mugged.
Actually. now that I consider this situation more closely, the tax loss for this dog is worth more to me than actually selling it. I will check with my accountant to see when a CTO can be written off.
Maybe what is happening here has another purpose.
With Canadian shareholders frozen out, this is better than a reverse split. If we can't sell that takes a huge portion of stock off the table.
News comes out in Vegas, supposedly good news, US folks buy the story, no selling occurs, and the stock appreciates in value.
What is one to think, with Wu totally silent.
Technopoly-I would be interested to know the firm you deal with.
I plan on emailing CIBC and inform them of the brokerages that are able to sell. I may get them moving on lifting the restriction; especially if I threaten to move my account.
So I checked again today. The CTO remains in affect still at my trading institution. (Buying and or selling) I'm a BC resident, trading through CIBC Investors Edge. Did I hear someone post recently that their Canadian trading firm and who are residents of Alberta or BC did have their CTO lifted?
I'd be interested in hearing if this indeed was the case.
Maybe its time to consider a class action suit against the Alberta Securities Exchange; I'm sure there must be a large number of investors caught in this predicament with TAKD.
What I'm hearing is they are waiting until they have some REAL news to report and will them issue a press report. The emphasis will be on getting business going in Las Vegas.
Guardian, shareholders have been holding this puppy forever.
They are plain tired of even being associated with this thing and are moving on. They could care less what its share price does in the future. Probably not the smartest thing to do.
Is the new symbol for Transakt CORP now TAKD?
extreme Maybe all the CTO folks are not included in the total count. There would be a whack of us.
I don't know about that,but there will probably be new shares issued to raise funds to pay those owed money for carrying this thing and new funds to get started on new businesses. Apparently, they have some very interesting things that could get this thing moving forward. We'll have to wait and see I guess.
Apparently everything at the meeting was passed.
Now the paperwork, etc., has to happen, which may all be done before year end.
We should see a PR at that point.
Maybe after that point we may get a clearer picture of this company's future plans.
Anyone from this board going to the meeting next week
Bid looking better. Maybe as we get closer to the BIG meeting,
trading volumes could pick up as well
3rd line down.
It means this company is "sick".
Joking of course, I haven't a clue.
It would have been much nicer if the blanks had contained dates,times etc.
But it does indicate progress.
I think everyone is stunned speechless.
Actually some trading happening lately.
2 things:
guess were not dead after all.
wonder whose doing the trading?