Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Almost 10% net income based on sales. Not bad at all considering this is the first full quarter. My experience says that the net income % will increase as the sales volume increases. The fixed costs of running a company remain fairly constant and only the variable costs increase with the added volume.
I thought it was because upon review of the financials, they had the revenue, but expenses were out of control and they had losses. Who wants to buy losses?
I agree, but Nemes and the new management team need to focus on profits in addition to revenues. I have a long background in accounting and finance. Generate revenue with a solid gross margin, keep operating costs down and run efficient. I am giving them the benefit of the doubt that they are focusing on this having learned from Total's mistakes. “Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.” ? Otto von Bismarck
Revenues don't mean profit. Remember TOTAL. However, feeling good about the direction here.
May everyone have a safe and joyous New Year's Eve surrounded by good family and/or friends, and may everyone be blessed with good health and happiness most of all in 2014.
May everyone here also enjoy a prosperous and Happy Renu-Year 2014. Let's go Nemes and crew!! Looking forward to the January conference call.
How can this "Consumer Discretionary / Footwear" classification be removed from the stock?
It looks like someone got the SIC classification wrong which is showing up as follows:
SIC - Industry Classification 7361 - Employment agencies
I vote for next week. Taking this week myself to close my books and issue preliminary figures next week.
Thinking of buying some more myself.
I have to assume it is 9/30. Filings are usually calendar year quarterly.
What is all the discussion/news about? Was our old CEO up to things he shouldn't have been and/or he wasn't who we thought he was? It was a good PR a week or so ago and hoping that our new CEO doesn't forget about us here and keeps the news and communication rolling. I am long here and will remain that way.
Sometimes on the way to a dream, you get lost and find a better one...
Skull & crossbones won't come off until financials are submitted which hopefully should be soon.
I am a CPA so I can attest that financials take some time if they are going to be accurate, especially if one has to unravel a mess. I have been involved in cases where we had to create the books since none existed as no in house accountant was on staff and the entire company was being run through the "owners" checkbook. We had to make numerous inquiries, find unrecorded transactions especially liabilities which are often not recorded until paid, look for agreements and contracts which may or may not be material in amount or nature. Lots of things someone has to get their hands around especially for a first time filing. I am happy in a way that this is taking some time, since it tells me that what does eventually come out should at least be accurate.
This pretty much mirrors all of my thoughts. We all drank the James Scott kool-aid and find ourselves in this precarious situation. Being forced to wait this out, I must have faith in the new Renu with Don Wood and Henry Martin who do not appear to be the egotistical maniac types (from their bios atleast).
Doing our own DD only goes so far. Without audited figures and updated share information, all we can do is speculate what this company is or isn't today and where it is or isn't heading. I know audited figures take some time especially when none exist for either party, but like FS said, how about some general updates!!
Hoping that Don Wood is now in charge and his communication skills are better than James.
Agreed. Hoping communication improves when we get current with filings and skull and crossbones icon is removed. We can then make a little more informed investment decisions.
Wouldn't we all like to see a buck. I would settle for ten cents. I don't expect the fins to warrant silver yet, but it is possible going forward depending on how many shares it turns out are outstanding and future growth of TEI as a public company now.
No news to get excited or down about at the moment. Just waiting for anything.
Meaningful financial statements. Everything else will fall into place after that.
Hope so. But Renu has 8 times the number of O/S shares as that stock.
No mystery to me. Reverse merger, giving up 200M shares, no financials disclosed, not OTC current with # of shares O/S, etc. Everyone is buying/holding on the blind and playing scared poker. IMO, this will pop when everything is current.
There have been restricted shares issued where the restriction period has not yet passed.
The 162 was before the stock went black and I know that many shares were issued afterward. I am guessing 300 + 200 = 500
Any idea what the total number of outstanding shares will be now including this 200 million? 500 million shares? More?
Good morning. Not a very active board (or volume) today!!
I agree. This is basically a reverse merger. The strength will be in the financials and share structure afterward.
Closing on this is important, but only the first step. Solid financials are needed. Very anxious to see these, removal of skull and crossbones, the share structure, management's plans and ......
You are correct. My take on this since it was announced. Very curious to see if other companies are going to get rolled up into this public shell if this reverse merger gets completed.
We still need a closed deal and updated consolidated financials!!!
I am holding a significant amount, but not 15M. I still have no reason not to believe Chandler. Volume is low because he and everyone else is holding and long.
15M shares is believable. Makes me wonder again just how many shares are issued and outstanding.
Well said SC. Hopefully Renu management (James) has learned from its past mistakes. I am excited also about TEI and hoping this deal closes and is the first of several.
“When one door closes another door opens, but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.”
- Alexander Graham Bell -
Good morning all. Looking forward to that and looking forward to getting current with filings and getting out of the skull and crossbones status. GO RENU!!!!!!!!!!!!!!!!
Thanks for everyone's input. Just trying to get a hold on the market cap value of the company based on the current share price and trying to project a realistic value assuming the LOI gets completed and projecting some realistic level of earnings.
Could you post what the numbers are? Or where can I find them? Obviously the posted online figures below are not current.
RENU Security Details
Share Structure
Market Value1 $469,682 a/o Jul 31, 2012
Shares Outstanding 161,959,200 a/o Jul 15, 2011
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 498 a/o Sep 19, 2011
I recall hearing that there are 1 billion shares authorized; however, can anyone positively state how many shares are issued and outstanding? Or do we have to wait until the company gets current with its filings to find this out? This is important to know!
His name is actually James Scott Brown
Could it be that AP is really James?
What indication do you have that we should be hearing something shortly?