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That's institutional investor, singular. No "s". The Oppenheimer guy. If you've been following this company, you'll have noticed the same guy always chimes in at the CCs with glowing questions like that to pump up the company. It's not a sign of anything.
Holy dilution, Batman! How long until the reverse split?
I'm not saying they've committed fraud; I'm saying the order is part of a larger contract that was signed in 2011 for $23M. The order is new, but isn't news. It was to be expected as they fulfill the contract over time. As such, the order isn't a big deal. A big deal would be a new contract, which isn't going to happen until the original contract is complete.
I was confused before because I thought the original contract was an order; I was misled by semantics. Whether this was management's intent, I don't know, but I'm sure they've been careful to stay within the bounds of the law.
So, yes, the order is "new", but if we know how much of the contract has been fulfilled, we can subtract that from the $23M agreement and we know how many "new" orders to expect until there's some new agreement. Until then, this is nothing to get terribly excited about.
By all means, be skeptical. After all, I'm just some guy on the internet. You'd be a fool otherwise. I thought it was going to fall further than it did. I still think it could go below .40 if they don't start to show a profit within the next couple quarters. Intellitube was supposed to be rolled out by now. The stock has run up but on low volume. I don't short the stock but would be willing to get back in if it went low enough, if I felt the low price was unjustified long term. The company has potential, but it's unclear whether it will live up to that potential. The relationship with the Navy goes back quite a while, and during that time the stock has dropped from over $2 a share to under .20 a share, then has recovered some and is currently in the .60 to .70 range. Sure, I wish I had bought back in when it hit .40. I don't think I would have held on long enough to get out at .70+; I probably would have gotten out the first time it went to .60. It's not a good stock for trading like that, though, because there's so little volume. Just because it trades a few shares at some price doesn't mean you can get that price for your shares. Just by putting them up for sale you drive the price down. The exception is the rallies when people are getting all excited. I should have sold at .80 but waited too long and got out at .65. Still I'm happy-- I bought those shares for about half of that. Hey, it's possible you could double or triple your money, or more. It's also possible you could lose it all. Penny stocks are risky business. Always.
I think it's headed down, in a big way. What's propping it up now are two things: 1. paid stock promotion, and 2. cheerleaders on the Yahoo board who do an excellent job of getting people excited about the stock. What this does is keep the little guys trading it higher (at low volume). If they run out of steam, there's nothing to hold it up. Where are the new orders? Fulfilling a three year old contract is not news.
That's understandable. I suggest you look deeper into it before putting much $ into this company. Looking further, I found the initial contract (that's the word that was used) was for $23M, in 2011. Here's a quote (James Tu) from the Q2 2013 results discussion: "We shipped $2.5 million of products last year against the initial $23 million Navy contract."
My understanding of that now is the $23M was a "contract", not an "order", and each of these "new" orders are part of the fulfillment of that contract, which is ongoing. So the order is new, but not really "news"... it's something that's expected, and should already be "baked in the cake" so to speak. I don't expect any new contracts with the Navy until this one is fulfilled. There will continue to be new orders, as expected.
I'm curious as to what constitutes an "order". They still haven't completed the 23M order from a couple years ago. If this isn't part of that, what happened to that? I don't see how this could be anything more than further fulfillment of that initial order (or maybe that wasn't an order so much as an "agreement"?) when it's still not complete. Those who have been around a while and don't have short memories know what I'm talking about. That 23M order or whatever it was came shortly before EFOI got bumped off the NASDAQ, if I remember correctly. I haven't tracked it very closely, but I think they're about half-way through it by now.
Is this "new" order really new?
They had a 23M Navy order 2 or 3 years back, which they've been realizing little by little. It's still far from complete. I would guess this supposedly new order is just further realization of that $23 million and does not represent any new commitments on the part of the Navy. I remember being surprised after the 23M order that the stock price didn't rocket to the moon... it wasn't in the press release that it was to be implemented over a ten-year window, or something like that. Gotta read the SEC filings, and all the "fine print", and not rely on press releases.
It needs to be above $3, not $1, for nasdaq. $1 is what it needed to stay above to not get booted off. To get back on, it will need to be above $3. I don't see this happening without a reverse split. Reverse splits are almost always bad for those who get in before them.
$2M contract isn't much to celebrate. If that's 50% better than last year, last year was extremely weak. This spike will deflate as soon as they post full earnings for 2013. $2M contracts were something they used to post announcements about on a regular basis; it wasn't such an unusual event as it is now. But back then shares sold for over $1 and the company was listed on Nasdaq. Wait until (if it ever happens) they post that they have positive cash flow. That's when this company will be worth something. Buy now if you want to lose money.
Where do you see that? It's not posted on their website. Yahoo lists filings too, and I don't see it there. Not doubting you-- would just like to see for myself. Thanks.
RVLT scored a Navy contract for LEDs on ships. Yikes. I thought that was our exclusive turf. This does not bode well.
Where is the bottom? Will this settle around .40 or could it go all the way back down to the .20s?
New 52-week high!!! Good volume. Everything seems to be coming together and it looks like there are big profits to come!
I agree. I expect a bit of a pull-back today, with world-wide markets all down on Chinese economic news, but that will pass.
way up on 10x usual volume, new 52 week high... and crickets here. Any thoughts on what's happening? Was EFOI mentioned in the media?
In March of last year, financiers bought about 20 million shares at .25 each. What I'm wondering is 1)How much volume in transactions have occurred since then, and 2)How much of that was selling by these financiers? With the big question being, 3)How much do they still have left?
There's not enough info released to answer these definitively, but maybe there's enough to make a good guess. Sprycel?
Good news, but no trades yet today. Is everybody sleeping in? :)
Have we had enough volume in the latest surge to clear out the financiers' holdings, who got in at twenty-something cents/share? Seems we've got to break through that before this can take off.
How much volume will it take to buy out the latest round of big investors-- the dilution that cut the share price in half? If we can get past that, this stock could fly.
What makes you say they screwed up the original contract?
What about a buyout? There's so much potential with the Navy deals, and what they're missing is capital. If they were bought out by a big company (GE for example) that would solve their debt and cash flow problems and they'd be easily able to take on retrofitting the whole Navy fleet without having to worry about borrowing more money. Their market cap is so low, a buyout with a high premium would be easy for GE or someone of that ilk.
Well, so much for that. Starting to trade. Looks like it's moving up. Some good news, maybe a new contract, would make a big difference here, I think.
No trades past week. Bid .17, ask .28. Looks like a standoff. Some good news should shoot it upwards-- the spring is coiled. If it's too long in coming, then nothing.
That's not exactly something to celebrate. Let's hope the earnings report has some good news and we can all make money.
Now they're saying it's not happening:
Axel Springer Denies Interest in Monster Worldwide
The Rumor:
German publisher Axel Springer has denied interest in acquiring Monster Worldwide (NYSE: MWW [FREE Stock Trend Analysis]), according to Deal Reporter. The company was rumored last week to be a potential bidder for Monster, according to a report from FT Alphaville.
Monster Worldwide has been reported to be in the closing stages of taking bids from potential buyers.
Monster Worldwide closed at $8.00 Thursday, a loss of 2.20% on average volume.
http://www.benzinga.com/trading-ideas/long-ideas/12/09/2928531/benzingas-m-a-chatter-for-thursday-september-20-2012
FT Alphaville's take on the takeover rumors is worth checking out:
http://ftalphaville.ft.com/blog/2012/09/14/1161871/pinning-the-tale-on-a-monster/
This is the latest update, but the rest of the article is worth reading too.
What's the evidence for having "turned the corner"? As usual, the bright forecasts are for just around the corner, and when we turn that corner, it's, "hey wait, we're almost there-- it's around this next corner", and so on. The numbers look better in terms of loss per share, but there are double the shares there were before. So it's meaningless. They keep saying they'll be cash flow positive coming up. I'll believe it when I see it. I'm long this company, and think they'll do well eventually, but I'd like to see a realistic assessment from them of what's been going on and what's to come. Anything else just feels like blowing smoke.
More dilution??? Jeez. I voted no. Not that it'll likely do much good. A lot of nerve of these guys, after this financing fiasco.
I'm not sure this is helpful, Sprycel, for those of us who've been long. Eventually the Navy contracts will be fully realized, Intellitube will hit the public market, the economy will improve, and there will be profits. Once some of this happens, there will be enough demand for shares to offset these financiers. It took a while to get rid of Gelbaum, but it happened. The same will happen here, except we're on the verge of being cash-flow positive. If these financiers aren't filing the forms they're supposed to, write the SEC. Screaming "don't buy this stock" on an internet messageboard doesn't help anyone.
Right, but isn't there a penalty to those shareholders for not filing the forms they're required to? How does that get enforced? Can regular shareholders do something to call it to the attention of the SEC or whatever authority is responsible?
If that's the case, is there any legal action investors can take? Request an SEC investigation, followed by a class action suit?
decline on good news-- what's up? Thoughts, anyone?
New $2Million contract today... didn't seem to make much difference to stock price or volume. Is EFOI just pretty much off the radar at this point? I'm surprised there wasn't more of a bump, at least to .37 or so.
I don't agree with what's been said about "CEO manipulation"... I just think the investment agreement they made was unfortunately timed. They could have gotten a lot more for that stock had they waited (if they'd known). But there was no way for them to know the stock would shoot up between when they made the deal and when they announced it. It sucks it happened that way but I don't see any reason to believe there was any misconduct.
A bit of a last minute run-up today, on average volume. We haven't had normal volume for quite a while... it's been really dead lately, and pretty much moving sideways. This isn't the kind of run-up we often see going into a conference call, so I don't expect much of a drop-off afterward. In fact, it may continue to go up. This past quarter's numbers probably aren't too good, but the outlook going forward should be bright, and I expect the CEO et. al. to be very optimistic. JMHO
Conference call announced for 3/29, Thurs.
SOLON, Ohio, March 23, 2012 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (OTCBB: EFOI.OB), a global leader in energy-efficient lighting technologies, will host a conference call on Thursday, March 29, 2012 at 4:30 p.m. EDT (1:30 p.m. PDT) to review the 4th Quarter 2011 and year end summary 2011 financial results and other corporate events, followed by a Q & A session. Dialing 1-888-219-1420 (US and Canada) or 1-913-312-0850 (International/Local) can access the call. The conference ID number is 7618884. Participants are asked to call the assigned number approximately 10 minutes before the conference call begins.
So much for the supposed commitment to long-term investment. Oh well.
Still at a standoff. Spry, what's the short situation? Is there some volume out there that's going to need to be covered?
Looks like a standoff. Nothing but dinky trades. .35 or .39 on tiny volume. If there are shorts, and this keeps up, they won't be able to cover. Nobody wants to buy over .35 and nobody wants to sell under .39. Eventually shorts are going to have to buy.
I wonder what the size was of that after-hours trade at .45.
Right now there's a bid of .33 and an ask of .50! If it's like that tomorrow there will be no trades at all. What an odd day... selling on high volume for no apparent reason. Maybe the run-up to the conference call and drop off after it isn't in the cards this time. I don't know what to make of this. Gelbaum? New investors from the latest run-up getting the jitters? A late response to the recent dilution? I don't get it.
Could it be Gelbaum finally dumping the last of his shares? Last I remember, he still had 1M left. If so, good riddance.