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3/23/16 | Trading Update from Management $SNST
Announcement from Management Regarding Today’s Trading
SUNSET_logo_transpBG690X462This announcement is made to provide public disclosure about Sunset Capital Assets, Inc (OTC: SNST). Management understands that there has been a significant amount of sales activity associated with the Company’s stock (SNST), which has resulted in an unexpected price drop in the value of the stock. Please be advised that Management is not aware of any attempts by Management or other insiders to sell any SNST stock or otherwise be involved in the trading activity that has occurred today.
Management continues to be confident in the condition of the company to generate value for our shareholders and, although progress has not come as rapidly as some may have hoped, Sunset is committed to ensuring the (i) successful utilization of our significant asset base, and (ii) execution and deployment of our projects. Management is fully committed to the ongoing success of Sunset and is fully engaged in the day to day operations of the Company.
SNST BRINGS on 2 NEW MANAGING DIRECTORS; CALL TUESDAY 11/25/15
11/19/15 | Investor Update and Conference Call
Inaugural Quarterly Investor Update and Conference Call
SUNSET_logo_transpBG690X462Jacksonville, November 19, 2015: Sunset Capital (OTC: SNST) announces its inaugural quarterly investor update and conference call.
More than seven years since the onset of the global financial crisis, many institutions remain focused on working through its aftermath and managing risk in all its forms – whether related to liquidity, credit, market, or regulation. Lower revenues and more subdued growth forecasts are causing some to question whether the financial industry is undergoing secular change, or more specifically, whether the model of providing advice, financing, lending, asset management, and investment banking will continue to be relevant in the future landscape.
Based on what we hear from our clients and the work we have done on their behalf, put succinctly, we believe the core model remains more viable and important than ever.
The third quarter was a turbulent period for global markets, with sharp declines and heightened volatility in almost every publicly-traded asset class. Volatility in the US stock market, for example, reached its highest level in four years. Against this backdrop of significant public market weakness, Sunset’s stock was relatively unaffected, beginning the quarter at around ~$2.00 and ending the quarter at the same price. Our share price is up ~25% from the same period last year, which we believe reflects increased investor confidence in our core business model, assets, management, and Firm as a whole.
Sunset remains focused on the monetization of our asset base as reflected in our financial statements, however we have continued to make strides in progressing our existing business lines and future projects for investment. The third quarter saw Rick Stanley and Randy Keiper sign on as Managing Directors. Rick Stanley was one of the original founders of automotive giant J.D. Byrider and will lead Sunset Automotive Group, a business segment of our Corporate Equity division. Randy Keiper has lead multiple community and regional banks in the South East and will develop our commercial lending platform under Sunset Capital Commercial, which forms part of Sunset’s Real Estate Division. Sunset Capital Commercial also made its first real estate sales this quarter, and these will be reflected in our fourth quarter financial statements.
With regards to our monetization efforts, we understand that progress has not come as rapidly as many have expected. However, we can confidently announce that we have made significant progress towards our financing goals, and that our diversified financing strategy is steadily reaching fruition.
As Vice President of Corporate Equity and Investor Relations, I would like to express how privileged I feel to work for this great Firm and with such talented people. Our management team and all our employees carry out outstanding work every single day – sometimes under enormous pressure – all while navigating the increasingly complex business and regulatory environment. The way our people and our Firm are able to address the challenges we face, while continuing to build our businesses, fills me with extraordinary pride.
On behalf of Sunset Capital, I would like to thank our clients, shareholders, associates, and global stakeholders for their support of our goal of becoming one of the world’s strongest organically-grown alternative assets platforms.
Sincerely,
Wilson M. McMullan
Investor Conference Call
Please join our Investor Conference Call scheduled for Tuesday, November 24, 2015 at 1:30 PM – 2:00 PM Eastern Standard Time by using our Online option or by dialing in at +1.408.650.3123. You must use the access code 799-701-141 to enter the call.
$SNST - Conference Call This Week
http://www.sunsetcapitalassets.com/news/111515-third-quarter-financials-released/
Third Quarter Financials Released
JACKSONVILLE, FL – November 15, 2015 – Sunset Capital Assets, Inc. (“Sunset”) today released its third quarter Financial Statements. An investor newsletter and conference call dial-in information will become available this week.
About Sunset Capital Assets
SYEV huge quarter - .02 EPS for the quarter, .04 so far this year, stock at only .49...should head to .70 - .80...
Danny
http://finance.yahoo.com/news/seychelle-reports-q2-earnings-gapped-130700747.html
SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE)--
Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle) (SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several announcements today relating to its most recent fiscal quarter’s end and issued forward guidance for Q3.
For Q2 ended August 31, 2015, Revenue was $2,724,829 compared to $767,216 in the prior year, an increase of $1,957,611 (+255%). In addition, Net Income after taxes of $515,077 was an increase of $857,665 (+250%) compared to the prior year’s Net Loss after taxes of $342,588. This is more than 2 1/2 times the Net Income vs. prior year.
In addition, the Company reported that sales revenue for the first six months of the fiscal year ended August 31, 2015 was $5,072,012 compared to $1,874,514 in the prior year, up $3,197,498 (+171%). Net Income after income taxes was $987,585 for the same period and was up $1,392,901 (+344%) vs. the prior year Net Loss of $405,316. This is almost 3 ½ times the Net Income vs. prior year.
The increase in Q2 sales to $2.7 million (up $0.4 million over Q1) is primarily due to continued increases in the demand for private label products; targeted sales toward the emergency & disaster preparedness market, the success of which we attribute to increased worldwide awareness of the importance of preparedness due to highly-publicized natural disasters during the year; and the launch of our pH20 product line which increases the alkalinity of tap water to between 8.0 and 9.5 pH. Our current anticipated guidance for Q3 is for sales to increase to the $2.8 to $3.0 Million range.
Gross margins improved significantly from 46% to 53% due to implementing pricing structures that require minimum order quantities as well as higher margins on our newer product lines. We introduced a Minimum Advertised Pricing policy during Q1 that has allowed us to also increase our margins. The Company expects the gross margin percentages to remain at approximately 50% in the foreseeable future.
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Net income (19% of Sales) was up 250% for the three-month period ended August 31, 2015. This was primarily due to an increase of approximately $866,000 in sales. We remain focused on the primary factors affecting our bottom line and look to continue to improve the Company’s profitability in fiscal 2016.
What's the action today? Is there news out or something?
You're not late. We've all just been sitting around waiting. Party hasn't even started yet. Welcome.
Danny.
Any relation to Don Johnstone?
Danny
More like "beauty is in the eye of the bagholder."
Danny
That's the ugliest fucking thing I've ever seen.
No offense.
Danny
Told ya this company's garbage. Going to zero.
Moron seller on PFHO. Cheap shares on ask $16.50!
Edit: Seller is no longer a moron if it turns out the company has been raided by the FBI and/or has filed BK without me knowing. Then, I'm the moron. LOL
All of a sudden you think you're the mafia Don? John's tone while speaking about SNST was impressive. I'll remain long, and identify to the company any and all who are spreading false, defamatory and libelous rumors.
Dan Vaughn, legal counsel for SNST, may have a field day.
I'm saving all your posts.
We'll take a look at them in the future.
SNST's lawyers may choose to do the same.
Danny
Bullshit.
I'd be very cautious about LBMH - they could be in more hot water than a lot of people think. Read this:
http://seekingalpha.com/article/3354445-liberator-medical-is-accused-of-false-claim-act-violations-and-isnt-fighting-back
this company is a $0
they raise cash there's nothing stopping them from acquiring and uplisting...will be $20 in no time if that happens imo
danny
with 13 million shares outstanding, if the company even levers its assets enough to raise 10-20 mil its going to be worth twice what its worth on paper now...
...let alone if they use that cash to start generating profit and cash consistently
well see
danny
SNST either be at 0 or 30 in five years IMO
Can you tell me a little more about point #4. What third parties have weighed in on this?
Long SNST
Thanks
Danny
Agreed. In and bidding for more.
$SNST, this is just the beginning.
My guess for how things will go,
1. Cash raise
2. TBV becomes clearer to the market
3. Accretive acquisitions
4. Immediate profitability
5. Uplist
6. The beginning of something much bigger than $2.38 on the Pinks
$2.20 x $2.37
$2.37 print - on our way to $10 easy.
Can someone explain the preferred shares citing a company source?
Thx,
D
There's three types of SNST people here:
1. Those that think the assets are fake and don't own shares.
2. Those that aren't sure and don't own shares.
3. Those that have done extraordinary amounts of due diligence and are long.
Added today and will continue to add.
I've got some theories on how naked shorting is compressing this stock.
Adding $TIK the whole way up. Plenty of upside to go.
WBAI OPERATIONS SUSPENDED INDEFINITELY?
$$$ $TIK $$$
Did more research on SNST today. Added more.
WOW!!! No nice way to say this, but this mornings article on Seeking Alpha confirms this company and its shareholders are likely screwed. I'll let you guys read it but how's this for starters....the company doesn't seem to have any ongoing or finalized relationship with Corel or Chesterfield Schools. Seeya at $1
TIK nice day so far.
If it was on SEC.gov somewhere, the market would have picked it up by now, no?
Sorry, but could you just explain a little more about this info you have and what you make of it?