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I believe this is the best news we have received. It means bankruptcy court is now adjourned they will begin distributions and we may see a stipend at the end of it all. However, I would be impressed with .10 a share. Does anyone have an estimate as to how much the fund still has in the coffer?
Am I to assume the new intention is to pay all debts to class A trust units and place class B common shares back on the market? That would be a bizarre outcome.
As of last Thursday, there appears to be evidence of a reversal.
The price has been holding its own and the ask at .0004 moved down to 68 mil from a high of 120 mil.
Traders are very reluctant to let their shares go for .0003- the bid is a very stable 200 mil.
A bit of volume and a second spike north may happen in April.
Actually those of us who have been here for 7 plus years knows that it is not actually correct, the LATF company and its’ directors were not part of the pump. You are all agreeing to obvious facts in a skewed manner.
Just as you have no inside intuition or accuracy of SEC suspending this one immediately. A more conclusive pattern is the SEC are coming after stocks that are being pumped on social media sites such as twitter. A poster by the name of Canadian Jennifer is definitely one they are watching. However, you are correct if LATF does not make filings current, or at the very least answer the phone when the SEC calls, by September they will suspend.
Please refer to article below
https://www.latimes.com/business/story/2021-02-26/sec-suspends-trading-in-15-stocks
Moving to the Grey (professional) market does not mean death to trading. Take a look at the SEC big suspension statement stock SpectraScience, now trading grey. I believe is currently up 600%. SCIE is just trading differently. SEC suspended stocks are not dead, they are just not trading on their exchanges anymore. Anyone who fear sold SpectraScience in the low trips made a mistake.
The SEC has certainly ingrained fear, I am enjoying the shift in Bear posters, at one time the big scary words were “SCAM and Reverse Split” now it is “SEC and delisting.”
I do not know who are the more salacious villains, pumpers who have obviously front loaded before advertising or bear posters who encourage people to fear sell for a loss because they are angry or would like buy in at a lower price. As a stock newbie, I had a bear convince me to fear sell at a big loss by using the scam-Reverse split mantra. Watched the stock go up 500% on news a week later.
Ihub has a very good tool for checking the attitude or pattern of people who post, just click on the posters name to the left or there is ignore feature if you are feeling pressured. Just saying the decision to sell or buy is 100% you.
Sorry J*- I cannot private post. I can only answer by public reply.
Yes, I spent a great deal of time looking into EMLL back in 2018 -here is what I can tell you for sure.
The share structure is very good:
There are 9.936 billion shares outstanding but, only 3.8 billion in the float. The CEO is guy named Jamie Khoo, he owns the majority of the common shares. 5.2 bill or 52%. Even at this lousy price of .0004 is he at $2,080,000. 2014 He bought back 200 hundred million to make his stock more attractive for a reverse merger. Last known he is in home country of Malaysia and considering the anemic number of shares traded he hasn’t sold out.
It is too bad unsavory “Florida man” tried to create his own market run by posting a fake webpage, it certainly wrecked EMLL mojo. I believe there is criminal investigations underway
I personally do not think his BS webpage and promotion is the real catalyst behind EMLL coming to life, the share structure of this one is too good. My GUESS and big on the word GUESS, the real news may turn out to be a custodial play. Companies search for dormant stocks with desirable share structure all the time. I know there a section on the StockT**ts board for reverse mergers and custodial plays. I don’t have and account but, it might be worth inquiring if EMLL is on one of the Reverse merger company’s radar. Who knows???
SEC is not going to come after EMLL because it already did, we are trading on the gray market. Completely safe from that now. If you are curious what will happen with SCIE this is it, it will just trade differently but still trade without a bid or ask. Good news about gray is the little guy sets the price and creates the market. All stocks can regain compliance and return to pink.
CRGP is an example of return to pink and custodial play. (I own it, not trying to plug my stock just an example I can give.)
Hope I helped!
Refer to post 75359 for share value
Jamie Khoo set up EMLL share structure to merger but, IF (big on if) Khoo is back this will fly.
I became intrigued by EMLL stock a few years back, did a lot of web surfing and posted the info below, Here is a copy paste of highlights I uncovered at the time- if you are curious and would like to read the entirety refer to post(s) #75162 & 75167
2014 Khoo must have had a merger plan in order as he went through the pains and capital to make EMLL current. It soared above .001 just on excitement.
He stated he would begin a buy back program and low and behold there seems to have been one as the float was reduced by a nominal 200 milly
….and then nothing It’s too bad for everyone that whatever the inspiration deal was died as it sounds like Khoo can really make a stock head north to Santa when he is on it.
Last filings indicated there is 9.936 bil shares outstanding but, what I find intriguing is Khoo owns 53% or 5.2 bill shares of common stock. (not preferred or restricted, but common). Leaving the float at a very reasonable 3.8 billion To put it in perspective every time this stock moves even one tick he makes $520,000 and yet he lets it sit dormant???.
Dormant until now, Khoo is really good at what he does and this particular stock is structured very well for a merger, the volume in the past two weeks suggests something is up however, I am very suspect the real news is the website link referenced here, too many red flags.
• Spelling mistake in the tile: Miining?
• Musk reference is a little thick,
• EWLL instead of EMLL??? Hmmm.
Khoo is from Malaysia, but I think his spelling is better than that. Having stated that, the volume began before the website so Khoo might have resurrected and boy he can make a stock blast
How is this thing constantly trades?? Is there light at the end of some tunnel? Has anyone heard from management?
So emll is heading to the greys
They are “going dark” it is a voluntary delisting. Rather bizarre considering voluntary delisting results in dropping to the pinks which is where they are now.
It is probably more fortuitous in the non compliance feature
refer to link below
https://www.dorsey.com/newsresources/publications/2009/03/going-dark--voluntary-delisting-and-deregistrati__
A timeline (subject to modification as necessary) for counterparties to submit votes on Aegean’s chapter 11 reorganisation plan are as follows:
Event & Date
Voting Record Date February 12, 2019
Solicitation Launch February 19, 2019
Deadline for Sending Notices to Contract and Lease Counterparties
March 5, 2019
Deadline for objections to claims for voting purposes March 8, 2019
Deadline for submission of motions seeking temporary allowance of claims
for voting purposes under Rule 3018 March 18, 2019 at 4:00 p.m. prevailing Eastern time
Deadline for objections to assumptions of executory contracts and/or
objections to proposed “cure” amounts March 19, 2019 at 4:00 p.m. prevailing Eastern time
Confirmation Objection Deadline March 19, 2019, at 4:00 p.m. prevailing Eastern time
Voting Deadline March 19, 2019, at 4:00 p.m. prevailing Eastern time
Confirmation Hearing Date March 26, 2019, at 2:00 p.m. prevailing Eastern time
Very correct
To repeat my self…. ”Last filings indicated there is 9.936 bil shares outstanding but, what I find intriguing is Khoo owns 53% or 5.2 bill shares of common stock. (not preferred or restricted, but common). Leaving the float at a very reasonable 3.8 billion to put it in perspective every time this stock moves even one tick he makes $520,000.”
The share structure of this little sleeper peaked my interest, it is ripe for a reverse merger and Khoo would be the guy to deal with.
But Cannacoin!!! A penny investor couldn’t dream up a better opening title. It would be like amalgamating to two hottest moving sectors into one power mover. Crypo and MJ. Hopefully this brain child will develop legs and put out PR.
Will keep watching for volume if the .trips 1 begin to vanish I will buy.
Hey it’s the guy all the info! Could you please provide a link to this bus company? I never found anything. How did he steal 700k? Could you please show me where this number came from and it's criminal intent? 700K is actually chicken feed to J Khoo as far as EMLL goes. All he would have to do is bring this stock back up to trips 2 (.0002) and he would have $1,040,000 in equity. If he made EMLL run again he could buy a lot of buses.
Are sure he never ventured into gold? Seems to be a lot of info on his gold venture in 2011-2012. I get how most gold seekers gear up and loose. (Hence the Klondike gold rush).
He also seems to have this thing with a Mr. Thing? (had to mention that, too much fun)
Do you or anyone out there know how to drop a line to J Khoo?
I found a business address through this site
http://www.checkcompany.co.uk/director/5572448/MR.-JAMIE-HSIANG-HUA-KHOO
But that is just it, with Khoo owing 53% of common, he would probably not allow a R/S that would erode away his capital.
I spent a bit more time surfing. Khoo comes up often if the search includes 2014. I even found this wonderful little Easter egg when he announced he was retiring 2 billion shares for a pending merger.
https://www.marketwatch.com/press-release/el-maniel-international-inc-announces-plans-to-retire-up-to-20-of-outstanding-shares-of-insider-2014-05-12
Khoo may have had a slight connection to David E. Price, of Cannabics Pharmaceuticals Inc. perhaps that is where the now failed merger was going.
However, if one excludes 2014 and begins the search 2016-2018 ….nada. I am sure Khoo is out there somewhere doing his thing but, I am unable to search Malaysian web pages and his ventures always lead him to many locations around the globe.
Here is one link that claims he had 4 companies on the go, all inactive
https://www.corporationwiki.com/p/2brkc7/khoo-hsiang-hua
The off chance EMLL could be discovered by a hungry for reverse merger company or Khoo gets hungry again… could bring it back. And there is still that tiny trickle of trading. RSHN has a much larger float and several years treading water until it’s CEO decided to act. It wouldn’t take much for a guy Like Khoo to bring it back. Just saying … will keep watching
Ok I will bite and be the first to post anything on EMLL in months.
I am very intrigued by this stock based on the share structure and the fact that it is showing a consistent drip of small trades for a dead ticker.
It has been four years since EMLL has seen any type of spark, back it 2014 Khoo must have had a merger plan in order as he went through the pains and capital to make EMLL current. It sored above .001 just on excitement.
He stated he would begin a buy back program and low and behold there seems to have been one as the float was reduced by a nominal 200 milly
….and then nothing It’s too bad for everyone that what ever the inspiration deal was died as it sounds like Khoo can really make a stock head north to Santa when he is on it.
Last filings indicated there is 9.936 bil shares outstanding but, what I find intriguing is Khoo owns 53% or 5.2 bill shares of common stock. (not preferred or restricted, but common). Leaving the float at a very reasonable 3.8 billion To put it in perspective every time this stock moves even one tick he makes $520,000 and yet he lets it sit dormant.
I have read all the nay saying posts that claim he is sitting in a Malaysian jail, a thief that stole all of EMLL capital to start a bus company. Bus company may exist but, nothing to prove he is actually a criminal. Or that he is not allowed back into the country. It makes sense he is in Malaysia as his family background is Malaysian. I do not believe he is sitting in Jail.
Below is the last address of business I could find
Room 8.02, 8th Floor, Wisma Cosway, Jalan, Raja Chulan, 50200, Kuala Lumpur, Malaysia, His business ventures never seem to be home based.
My question is with all of the pot companies out there trying to find a stock the merger into why has this one not been scooped up? Wouldn’t someone like Khoo be all over the big MJ trend?
Does anyone one have a way of confirming anything on Khoo? Current contact info. Looks like it MIGHT be coming back to life.
https://www.americanginsengrush.com/
hope this helps
Corr put together the above updated website after the sale to marhalo grew stale however, I do not know if POTN has anything to do with ginseng rush product. The timing would be close to the apparent sale of rushnet to POTN.
It looks as if my earlier assumption may be correct. It didn’t add up that there were no further developments with Marhalo, the ticker symbol did not change, financials did not materialize etc….
Having said that I am happy,
“A company for all your consulting needs” didn’t sound like anything that would ever get off the ground. The fact that they were even trying to go public just spelled out "SHAREHOLDERS- OUR NEW BANK MACHINE" in neon. They would have maxed out and R/S before they made any $$$.
I would much rather take my chances with COR and an energy product that may compete in the Red Bull market. Especially if it has a modicum of natural ingredients. The fact that here is a new website for ginseng rush makes me feel warm and fuzzy. Coupled with all the noise APRU and IDGC are making……
https://www.americanginsengrush.com/
Definitely happy to stay where we are, lets see if BOB make us OTC current
If I remember correctly this stock went from zero to .0007 in 2014 on news that it was being bought out however, the $$$ for the buyout never materialized. Speaking from the past it wouldn’t be the first time Corr tried selling RSHN to no avail, does it really take 9 months for Marhalo to restructure RSHN? A speculative guess but, perhaps the sale never went through, Corr took back RSHN and decided to begin revisiting Ginseng rush.
The trading pattern for EMLL is very systematic; an even 500k purchased in the morning. It is almost as if there a share buyback program or someone is trying hard to maintain minimal volume making EMLL appear to be a viable trading stock.
I know back in 2014 a share repurchase program was promised however, that all died in the water.
Taking a wild leap here but…. Could this consistent volume be enticement for rebirth??
According to the Jan 25 PR:
“TC is a developer and provider of hardware independent biometric processing software with average annual revenues of approximately $12.5 million during the last three years”
So let’s do some easy math;
$12.5mil / 3yrs would be approximately $4.167 million in gross revenues for AHIX per year
As of Dec 31, 2016 the outstanding shares are 3.2496 Billion.
Thus, the gross Earnings per share could be: $4,166,700 / 3,249,689,524 sh = $0.0013
Giving this stock a current price to forward earnings ratio of .0001/ .0013 = 0.077
The average P/E for good stocks in the tech sector 16.8 I don’t deem AHIX to remotely be in the realm of NASDAQ. So let’s put a decent P/E ratio at a quarter of that = 4.2
Giving a price for AHIX at 0.0055 …..Perhaps making this stock a potential 50 bagger, on this acquisition alone.
I get a cautious vibe from the PR, I which I enjoy; I believe Teresa bowed to shareholder pressure to put out news. The announcement reads to me as, positive without pump wording If it reads lack luster to you, perhaps it is because it contains a modicum of integrity.
GLTA
Exactly,
All satire aside
With COR now sitting on 4 million in trespa$$e$ and two profoundly disappointed clients to atone for .They had to do something... their answer was to become vociferous and file a complaint against CRGP.
Bellowing my ridiculous “YOU SHOULD HAVE KNOWN . I CALL FRUAD FRAUD!!!!! THIS TRANSACTION IS NO FAULT BUT CRGP.”
It is really???
It makes perfect sense that CRGP would try to find a large board lot of shares to buy back around the ex-dividend date when there is a predicable a price drop accompanied by large volume.
It is a great misfortune that the sellers were ill-informed and sold cum dividend (I feel for their financial loss)
Once again …. The onus is now on CRGP to prove they did not knowingly buy cum dividend shares from purposely mislead COR clients
and up to COR to prove they did.
Paging forward to the Sept 10 PR….
I agree with most that was poorly implemented PR. My first impression, this was composed by someone who is truly angry.
Hence the quote from the fourth paragraph:
We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions
What it probably should have read “and do not want a repeat of previous errors committed by third party institutions.” As it seems to be CRGPs’ belief.
I am sure there is so much more to the story than my limited web surfing prospective can provide. As far as I can tell CRGP has done much of what it has promised to do, buy back shares and payout a dividend.
Yet, here we sit in a twisted state of bedevilment. Stock price in the toilet, shareholders deep in the red or fear selling.
Having the halt lifted is extremely significant but, I don’t imagine they made much headway reasoning with the regulating agency. So the most direct course of action for a company with some capital on hand (hopefully)… Just say S-C-R-E-W I-T go private and I will never have to deal with this ever again.
Disclosure: I have 16.5 million reason to take and deep breath and hold on tight. Hopefully the future will be bright.
GLTA
The long and short of the complaint stems from two major shareholders-owning approximately 400 mil shares of CRGP purchased on the open market, who willingly sold their shares believing they were ex-dividend (not entitled to the dividend).
The unfortunate part is that they were wrong
The compounding part- the buyer of the shares was CRGP (issuing and buying back shares around this time because…) who did not think to distinguish if the hundreds of millions shares they were buying back were cum or ex dividend.
CRGP now auspiciously owns a boat load of cum dividend shares. OH SH YT!!!
The clearing house charged $3.3 plus another $700K in dividends for the transaction.
FUR JUST FLYING NOW!!!!
COR now has two exceedingly irate clients who sold their way out of $4 million in dividends.
So COR contacts President A.C. And says. `Hey, you shouldn`t have bought those shares my clients sold you, just cause I had no idea my clients had no idea. It is up to you to keep my clients fully informed of their transactions and look after their best interest… After all that is what they pay me for.
YOU SHOULD HAVE KNOWN . I CALL FRUAD FRAUD!!!!! THIS TRANSACTION IS NO FAULT BUT CRGP.
The onus is now on GRCP to prove they did not knowingly by cum dividend shares from purposely mislead COR clients.
And up to COR to prove they did.
So now here we trade Way down below Grey down below
*The fact that CRGP is trading again is significant. I can think of many Chinese stocks that were: accused, halted and suspended indefinitely.
It is not easy to up list after being shot down. Look where FNMA still trades after all this time. If for real ….going private would be my solution out.
Find Below the link to an article dated Sept 1 on Stockpromotors.com
I believe this to be one of the best explanations of the accusations against CRGP.
https://stockpromoters.com/news/penny-stock-company-accused-of-fraud-238.aspx
GLTA
Wow… N you are good at this negativity thing. I would almost believe your big scary “Material information about going concern” line if I didn’t know better. Good one! Just the right amount of technical lingo…. (I’m impressed, seriously)
Quarterly earnings are like a mid term report card. Most investors concern themselves with the updated balance sheet, earnings and skip the rest. I don't believe there is a law requiring a company to discuss a current joint venture on a Q3. If anything, there could be serious future litigation mentioning an unsolidified venture in a SEC filing.
What would also be illegal is to include Santa Rosa capital in your company’s Q3 balance sheet and pass it off as GRPR money.
This is not “loan from the bank” classic funding that would show up in the assets-liabilities columns. The deal cut between Santa Rosa and Grid is a joint venture. Parties agree to develop, for a finite time, a new entity and new assets by contributing specified equity. They exercise control over the new enterprise and consequently share revenues, expenses and assets. GRPR has the land (lease rights), Santa Rosa has the development capital. That’s da deal.
I disagree that we have not had any news. We have had 8-k current reports and the Q3. It might not be the news everyone wants to hear but, it shows GRPR’s prioritized dedication to report in good faith and remain in compliance with the SEC. What I found interesting; this is the first quarterly in a while that was not prior accompanied by an nt-10K “report will be submitted late” form. This Q3 was submitted right on time…. Another obvious priority??
Why the wait??? Who knows, by my own experience with permitting, I am holding to the long and annoying wait for a permit. The only thing material I have found to feel warm and fuzzy about is looking on the Santa Rosa web site under current drilling. (link below) they clearly outline the joint venture as a present prospect.
http://santarosaresources.com/current-drilling/
GRPR is a lottery ticket gamble and we must wait to find out if we picked a winner. GLTA
I apologize for my lack of clarity. The $7 million asset value I made reference to in my first post is the total assets listed in the March 31, 2014 consolidate balance sheet. Not at all a figure for what Santa Rosa resources will be contributing. (I have no idea what Santa Rosa estimates the cost of drilling)
When I crunch numbers for a stock, I try to guess a quazi-realistic picture. Even using my conservative yet optimistic $.012 price still puts this stock at 100+ bagger. ($1,000 gamble might become $120,000)
Could my P/E be out to lunch? YES even the best analysts on Wall Street cannot predict the outcome of a stock and I am no expert. This is penny land after all and IF GRPR produces an oil income the sky could be the limit. Who knows?
I too could not ”fix on” the idea of investors going after $7 million in dormant assets, of course, that is not what Santa Rosa investors are going after. The dormant $7 million is the equivalent of a prime real estate lot prior to the income generating luxury hotel. What the Santa Rosa investors are going after is the guessimate- potential $27 million dollar per year joint venture after their money develops the leases. Giving the opportunity for an extremely tax favored annuity for the life span of the wells .
If an investor buys into the Santa Rosa joint venture they are given preferential treatment from the federal government in the form of Tangible and Intangible investment allowances. What this means is that if you invested $1 million into the drilling of an oil well you would be allowed to write off or deduct the Intangible amount of your investment off of your annual gross income 60% to 75% of your investment could be written off against your personal income of the year you made the investment.
Santa Rosa offers an equal investment based split of net revenue. For example: if 20 people invest $1 million into this project and it grosses $13.5 million – expenses. Each investor might gross approximately $675,000 – expenses per year for the life span of the wells. Not a shabby yearly income if you can stomach the high risk investment.
Would I chase this?? If my goal was a high return annual income, YES
GRPR
For a company sitting on $7 million in dormant oil rich assets, the June 30th announcement regarding a strategic funding agreement was the exact news an investor wants to hear. Asset rich cash poor GRPR just moved from penny stock purgatory to lottery ticket potential.
The future is all about “IF”
IF GRPR is approved for drilling permits, IF drilling is successful, IF they pull oil out of the ground….IF everything works out….. $$$$ How high could it go???
I made a very rudimentary stab at GRPR price potential.
Browsing through SEC filings has not provided a useable estimate for the amount of oil reserves on each lease therefore, I am just going run with the estimate provided in the June 30th announcement of 2,000 – 3,000 barrels a day.
Using the middle number of 2500 barrels per day X present oil price of $82.25 X 365 days = guesstimate revenue of $75,053,125 per year.
In November, 2011 GRPR acquired 50% working interest (37% net revenue interest) in approx. 4000 acres of the Kreyenhagen trend and Joaquin basin.
Therefore, the joint venture could possibly reap a gross profit of $75,053,125 X 37%= $27,769,656 / June 15 shares outstanding 6.3765 billion =.0043 per common share.
For funding the production costs of 10 wells Santa Rosa will rightfully share approximately 50% of the revenue. Bringing GRPR to a gross profit potential to .0022 per share.
As you know, with penny stocks the market either responds with complete vengeance or utter alacrity, thus market price is seldom rational. NYSE Oil stocks are just as irrational P/E ratios are as low as 6 or as high as 325. I decided to use the average P/E of the top five oil companies with the highest ROE (Return on Equity) which is =11.52 (.0022 gross profit per share X 11.52) Bringing the gross price potential with full production of 2500 per day to. $0.025 per common share outstanding. A reasonable net might be < 50% or < $.0125.
All just a wild guess, but what I do know is the price will not be at .trips1 any longer.
So what are we waiting for???? I too believe it is the blunt nose lizard:
In 1971 our blunt nosed buddy was saved from going the way of the Doe Doe bird by being listed as an endangered and fully protected species. Currently the Blunt-nosed leopard lizard only occupies a few, scattered, undeveloped plots of land on the floor of the San Joaquin Valley and in the foothills of the Coast Range.
Our high leaping buddies like to sleep it off during the winter and emerge from their burrows in early April. They reproduce until the end of June, the eggs hatch from early July to late August. They remain active until October or early November. Then it’s back to bed again until the following spring.
Any study for a species as protected as “blunt buddy” will probably continue up until hibernation.
If you are wondering when a drilling permit will be approved … I have a rather satirical equation one could consider:
Wait until “ little blunt buddy” hibernates + (time for environ consultant to write study + submit study to California’s notoriously long permitting process)2 / oil permits already in pile - (5 day work week with no OT + paid holidays X coffee breaks)= APPROVED PERMIT
*The application is more than likely in the pile, it just won’t move until the Lizard study is complete.
I work in an industry that must submit an environ application for almost every project. A simple application usually takes 3 months, a back and forth application with further requirements, more like 6 months. Plus we often battle the political aspirations of the day IE: All economy stimulating applications such as placer mine starts will be given first priority.
Unfortunately, patience is all we can have right now.
A couple more thoughts……
+Thanks in large measure to hydraulic fracturing; the U.S. has reduced oil imports from countries such as Iraq and Russia by 30% over the last decade. Yet in California, imports have shot up by a third to account for more than half the state’s oil supply. Therefore, if there is any State that would encourage “home grown oil” run through its refineries its California.
+I browsed through the power point presentation on GRPR’s web site and I notably enjoyed the photo of the oil bubbling through the creek bed. I do not believe finding oil will be a problem.
+GRPR is a Darwin survivor, unfortunately there has been a great many stock issuances / conversions that have allowed the company to keep its head above water while the company made $0 ….but the point is, it did survive. With development funding in place one year could change everything.
GLTA
CPQQ must be the most undervalued stock on the exchange
Quick numbers from the Q2 balance sheet....
Between Dec 31, 12 and June 30, 13:
• CPQQ raised their asset value by $3.4 mil or $0.173/share (using shares outstanding @ 19.6 mil) They have total assets of $48,714,190.
• Thanks to Q2 $3.9 mil reduction in accounts receivable; CPQQ increased cash and cash equivalents by $7.1 mil to $29,236,104.
• Total liabilities sit at $3.787 mil (a $71,851 increase)
• Current Book value of this stock $44.917 million.
Putting these quick facts into perspective, using 19.6 mil shares outstanding:
• With $29.236 mil in ca$h this stock should be priced at $1.49 just to meet cash equivalent.
• Or priced at $2.29 to par with the $44.917 mil book value. …a 377% increase.
If one chooses to price in future earnings using the present 0.29/share & that fact that this management is so blinking good with $$$$; one might see this stock going back around its’ Q1 2010 prices.
Other notables I enjoyed:
First and foremost, this reliable management filed its’ Q2 precisely on time…..again.
CPQQ admits they are off to a slow year, mostly due to the Q1. Holidays and well deserved employee time off. Smart …A company is nothing without good employee morale. Now that they are back to work the quarterly revenue increase is significant.
I liked reading the statements of operation more than the asset column. The number I truly enjoyed seeing was this one +5.5% ($20,000) that is the increase in selling and admin expenses on page 1. The reason why I like to see a number like this is because it shows this management knows where to throw money and energy when sales are down. It worked too, increasing their accounts receivable department is probably the reason for the $3.9 mil reduction in receivables.
I also enjoyed reading statements like this: “The decrease in the first half of 2013 was mainly due to lower average selling prices of amorphous alloy cores” A company will sink and drown, if it is not willing to competitively price their product.
On page one of the Q2 the CEO, Mr. Song, makes some pretty positive and optimistic statements about the remainder of 2013. I take them to heart considering my impression of what an ultraconservative person he may be. With government contracts looking bountiful, I believe Q4 2013 might show another year to year increase in profits.
It looks as if over 1 million shares of this company is now “institutionally owned” by Concorde Equity. I can only assume they did their homework before buying in, which is always encouraging.
Q3 2012 CPQQ management was urged by Barron partners CEO to buy back shares and pay a dividend to the shares holders. I don’t know if this would be something I would hold my breath waiting for, as this management seems to like amassing cash, but if they did announce a dividend………
GLTA
XTOG traded debt for equity in form of Series A preferred and common shares which eliminated over 4 million in liabilities. The 3.694 million in series A preferred are 100% owned by insiders and do not have to convert until April 2014.
At present there is 188,996,564 shares of common stock & 3,694,400 series A preferred.
The Series A preferred shares will convert at 1:1
After the reverse split there will be 1.89 million common shares outstanding.
The 5.583 million is the fully diluted shares outstanding. It will only come into play after the insiders who hold the Series A preferred shares choose conversion; which does not have to happen until April 2014 and will not be included in the float as the common shares will be 100% held by insiders.
There is nothing to support 1.2 billion that was only the number of voting rights.
CPQQ China Power Equipment Inc. This little sleeper is sliding so far under the radar it has road rash.
This Chinese company produces advanced technology amorphous alloy energy-efficient transformers and transformer cores which are an important component for a more energy-efficient grid
CPQQ is a big fish in its industry, with increasing net profits, little debt, tons-o-cash on hand and trading at a fraction of its book value.
Check out these numbers…..
• As of the 2013 Q1 they have $46.113 million in assets and only $3.221 million in liabilities giving them a book value of $42.891 million.
• CPQQ has a net profit of $0.23/share or a P/E of 1.5x.
• 2012 net sales increased by 9% from 2011
• At $0.39 CPQQ present market cap is 7.61 million with 19.52 million shares outstanding
? This stock is trading at only 17.7% of its book value & should be priced at $2.16 based on book alone.
? To make the story even sweeter… CPQQ has $24.26 million or $1.23/share in ca$h. If this stock went up 310% it would only be at cash equivalent.
Looking into the past…
• At the end of 2009 CPQQ was at $4.00 per share with 14.9 million shares outstanding. They had $18.9 million in assets and $1.62 in liabilities for a book value of $17.26 million. They posted a loss -$0.32 for the year.
• Three and quarter years later, CPQQ increased their book value by $25.6 million to $42.9 million and posted a net profit of +$0.23/share. With 19.5 million shares outstanding.
The result of +.55/ share profitability & 148% growth….
stock price has plummeted -92% to $0.39
(Insert bemused and perplexed look here)
A few more notables …..
o I looked into eight other companies in the industry and this was the ONLY one showing a +net profit per share. Every other ticker posted negative earnings (I am sure there are other profitable companies, but I called “uncle” after eight.)
o They have never filed a late SEC quarterly.
o In 2010 they opened a new plant and increased production by 233% becoming a big player in the industry attracting Chinese government contracts.
o In February 2011, to armour against the big fraudulent Chinese company “witch hunt”, CPQQ upgraded to Mazars one of the top 10 global corporate auditors.
o Q3 2012 The management was urged by Barron partners CEO to buy back shares and pay a dividend to the shares holders.
o As of December 31, 2012, China Power was granted five patents regarding its’ products and specialized equipment, and received patent certificates. . ( Good review of their product in the 2012 10k)
o The ONLY long term liability is a lease payable of 110k.
*I have this little step where I sort my stock screen 5x to view the top stocks for each of my fave criteria. CPQQ landed in the top 5 each time.
Utterly gobsmacked that a company looking like a buying opportunity dream come true priced at $0.39. I Googled China Power Equipment to see what I could see…. you know what I found???
Nothing…. Not one analyst review, pump, or slanderous article. Only announcements for SEC filing.
All quality, no hype.
This competent management might be the quietest, but their financials speak volume. Q2 should be coming out like clockwork at the beginning of August… expect a good read
GLTA
XTOG is moving towards profitability with giant steps…..here is what I see.
As noted previously XTOG had the opportunity to secure a $20 mil credit faculty. On sheer audacity Xtreme turned it down to explore other avenues that would make their company profitable without drowning in debt. Their solution; just simply do business. They have: traded, sold, negotiated joint ventures and even loaned out Willie Mc A the 3. As a result, XTOG could have $1.5mil cash on the balance sheet & millions in revenue by the end of 2013. All without incurring one additional development cost.
Let’s revisit the Torchlight deal once again....
The joint venture with Torchlight splits 50% working interest in the Smokey Hills property. Torchlight has agreed to assume all responsibility and expenses to complete a first well and develop a second well. If the first well produces more than 300 barrels a day, XTOG could sell the remaining 50% ownership to Torchlight for $4 mil in TRCH stock. Below 300, Torchlight and Xtreme will split the revenue 50/50.
My first thought, ‘Owning 4mil in TRCH stock and reaping its’ stock rise=$$$” …Pondering further, I believe 300 barrels a day could be an optimum number and maybe difficult to reach…. a rare situation where underachieving could be even better.
Let’s assume 300 barrels a day is the dream production, a dismal showing would be 100 barrels. So, as per my usual, let’s take the middle number of 200 as a reasonable achievement. If both wells produced 200 barrels a day. It would be production of 400 bpd. XTOG acquired 17.79% lease hold interest in Smokey Hills, therefore, they would reap 8.9% revenue. Using the present oil price $94.33 x 400 barrels x 8.9%= $3,410 per day in revenue or $1.225 mil per year
The second part of the Torchlight deal was the Lenhart property. The optimum number for Lenhart production was 50 barrels per day for XTOG to sell their remaining 50% for $1mil in TRCH stock. Therefore, let’s use only 25 barrels per day as a reasonable achievement. XTOG 50% is 17.5 barrels x $94.33= $1,650.77 per day or $603k per year with all expenses covered by Torchlight.
Even in the failure to reach optimum numbers, Xtreme could gross $1.828 mil a year in revenue, (Don’t forget the $1.2mil cash from sale on the balance sheet.)
About the Heritage deal….
Xtreme has entered into a second joint venture with Heritage, for $325k cash and the obligation to drill and develop the West Thrifty Unit. XTOG will relinquish 1/8 of the revenues. Referencing my previous post I calculated a middle number of 79.5 barrels per day. The deal would leave Xtreme with 87.5% or 69.6 barrels per day of development free revenue. Using the present oil price of $94.33 x 69.6 barrels = $6,565 per day or 2.396 mil per year.
The property connected to the West Thrifty Unit is Quinta. The cost to reopen this well is nominal, Xtreme preformed some development work in 2008 achieving 30 barrels a day, however they feel the initial development plan overstimulated the field and did not maximize the prospects’ potential. If 30 barrels a day is the dismal number let’s consider it achievable and simply use the present oil price of $94.33 x 30 barrels =$2829.90 per day or $1.033 mil per year.
To put all of this into perspective. XTOG could show up on a stock screen as having a sales increase of 7,678 %
From here you can use any P/E ratio you believe to be fair. At one time I thought 16x to be the norm, upon looking further big oil companies are all over the place… (NXY is at 37.6x , HSKYF is at 15.2x, UDRL is at 151.5x!!!) So, pick a number.
About our new shares…..
Admittedly, this dilution is gargantuan pill to swallow. Unfortunately, the climb upward includes this large and painful step. The silver lining shines through in one place, between issuing common and preferred shares the Q2 liability column will be reduced by over $4 million plus a significant monthly reduction in interest expense. It makes for a sweet quick ratio. One also has to remember this management are the XTOG founders. They were the largest shares holders until their 2013 decision to trade debt for equity. This diluted their holdings as well, yet they made this commitment to make the company go. Plus, creditors agreeing to acquire shares instead of receiving cash shows confidence in the company.
When I first found XTOG I saw it as an oversold company trading at a fraction of its asset value. Today I just consider having bought into this management as the most fortunate accident. All I have read gives me a great deal of respect. Having the brawn to drastically reduce debt this way took cojones. The SEC filings are some of the most candid I have come across. To have brokered the joint ventures with Torchlight and Heritage took negotiating skills. I can’t help but feel that Willie Mc A the 3 and his directors are just simply liked by their peers. For a nano company in the oil world that is something to be said.
2013 is definitely the turnaround year. XTOG earnings will have 6 figures in cash and 6 figures in revenue, it just may meet the September price goal and it will all be to the credit of managements’ ability to behave like businessmen.
Disclosure: Still holding 1 million shares and sleeping like a baby. It is my intention to buy another million or more if irrational trading causes this stock to reach my price. Patience is my virtue. I still believe XTOG will be at a 2011 price in the near future…. not Q1 2011 like I once thought but, a number far higher than 0.007.
GLTA
XTOG continues to be oversold
With an adjusted 2013 market cap of $621,186 the stock is still trading at an 86% discount to assets….staggering.
About the Torchlight deal….
I can only assume the management is crestfallen over the lack of appreciation the market has shown for this deal, its press release should have spiked the stock instead of this injurious result. One should admire our management’s ability to negotiate, they cut a brilliant deal.
First: Selling 50% interest in the Smokey Hills plus absolving the company from all development costs. Resulting in not only cash on hand but, the advantage of still reaping the remaining 50% revenue expense free. Better yet…IF Smokey Hills produces 300 barrels a day, XTOG can sell the remaining 50% for $ 4 Mil in Torchlight stock, giving XTOG the TRCH shares asset & continuing to benefit from the 300 barrels a day property when torchlight stock rises on revenue. It’s like the gift that keeps on giving.
Second: the equivalent deal for the Lenhart well with all the advantage of $$$$, reaping %50 revenue stress free, plus $1mil in TRCH stock if the property reaches 50 barrels a day benefiting from the same asset/ stock rise stated above. Let’s hope they rain oil.
Third: I have to admit I was perplexed when I read they had traded 90% royalty interest in the Oklahoma City salt water disposal well for Lenhart re-entry costs. My guess is having a high traffic well in another state was cumbersome and working interest happily traded. After reading the 10k the deal became illuminated as Xtreme will be developing another SWD well in the first half of this year. A.k.a no great loss.
Forth: The one I enjoyed the most…. Apparently our CEO Willie Mc A the 3 is a desirable individual. As his agreeing to be TRCH consultant became part of the deal. It doesn’t surprise me that he didn’t totally jump ship to land on Torchlight. All I ever read in the SEC filings is an overwhelming commitment to the company by these 5 people. Consulting to TRCH will probably work out well for everyone I don’t see a negative effect on XTOG.
About the 10k
I was disappointed to read that the 10k was to be filed late, unfortunately the market managed to react to that one and drop 35%. I believe now that it was delayed to include the Torchlight deal in ‘recent events’ of the 10k. Once again the management must have rationally assumed the press release followed by 10K would cause a volume increase and price spike. Oops (never underestimate share holder desire for instant gratification)
The first thing I was hoping to see in the 10k was $20 mil credit factuality solidified. It would have meant an end to liquidity issues and on hand capital to develop properties. The fairy tale version being; a swelling income column to offset the bursting liabilities column. What I read instead impressed me 1000x more…this management chose the long road and turned it down. It is a level of corporate integrity not commonly found.
The cash revenue from the Torchlight deal will be used to fund development of the West Thrifty Unit. WTU has 53 drilled wells, XTOG is hoping to use a 4 and 1 technique to make 20-30% of these wells produce. They have 2012 evidence each well could produce 5-7 barrels a day. Taking the average of 25% being 13.25 wells producing 6 barrels a day or a total of 79.5 barrels. Then using the present crude price of $ 88.32 the WTU has the potential of grossing $ 7021.44 a day or $ 2.56 million a year. Most big oil companies are trading at a PE of 16x… let’s be fair and put our little oil company at 5x … From here right off all of other revenue from the other properties and the royalties from the up and coming Salt Water Disposal site as expenses. What number do you crunch? I bet it isn’t .01 a share.
Another fun number 172 …..That is the number of people who own XTOG common stock, I don’t know about you, but I am blown away by it. It means that the market price of this stock is controlled by a handful of people. It would not take much for this management to turn this around and convince such a small number into pricing their shares according to asset/future earnings .
Disclosure: true to my word when the stock hit its low again I purchased another 300k. I am now holding 1 mil shares. I have patience and just for fun I do this little equation….1,000,000 x a 2011 price = (I will let you do the math) If this stock price becomes even more irrational and drops down to low sub penny I will average down with another million.
I apologise to for not responding to everyone who posted me, I tried to reply, but seeing as I only have a free membership I am unable to private post.
GLTA
XTOG oversold
Hello everyone
I am a newbie to ihub and to the OTC penny stock world. I have always made it a rule to never buy a stock trading at penny prices ….until XTOG.
I am an avid reader of message boards but, do not post. (If you look at my ihub history you will see a recent membership and no other posts) I am writing this rare post for two reasons: to let you know why I broke my investing rule to buy XTOG and the second; I will save for another post.
I recently sold out of QCOR after holding since the end September with a nice profit and I am looking for new places for my investment dollars.
My M.O. for researching stocks is to do the following:
1. Screen for all stocks with a RSI < 30 (trading in the oversold range)
2. Further screen RSI<30 stocks priced below their book value, which shortens the list to a handful
3. I Read:
a. the SEC filings for facts and figures
b. all and any news / analyst reports to ascertain the reason for selling pressure
c. the stock message board to get a feel for shareholder sentiment
My screening and web surfing travels brought me to XTOG….. This stock so ridiculously undervalued I concluded it was a definite “never a penny stock” rule breaker.
Here are a few things I see based on the 2012 Q3
• The market cap of this stock as of March 18th is $639,095 (just to use a current number) This company has a gross asset value of 8.9 mil. Which means this stock is only trading at 7% of its gross asset value or at a 93% discount to gross assets alone.
Using the Market Cap total shares outstanding number of 45.6 million this stock should be trading at a price of $0.195 based on gross asset (and people are wondering if this could be a 10 bagger)
Note: I have focused on the gross assets because the vast majority of XTOG current liabilities comes from convertible notes and warrants which are included the fully diluted share number. It made my calcs a little less cumbersome.
You may have also noticed that I did not include revenues and future earnings in my price per share calc, just looking at the assets was going far enough to tell me this stock is undervalued and quite frankly, I am not an oil person. The future earnings of an additional 55 producing wells is beyond me. If there is an oil expert on this board that wants to try to estimate future earnings it would be welcome. If one does factor in revenue and future earnings; today’s share price should be a lot higher than $0.195.
• At the current price of .013 this stock is trading at only 47% of its 0.03 earnings per share as of September 30,2012. I have never come across a stock that is trading below its earnings.
• The company is still in its infancy as it was only purchased in 2006. So it makes perfect sense to me that the revenue is not impressive. Most companies run at a loss for the first 5 years. I really like this management, they are not spending beyond the company means. Q3 even shows production costs and management expenses reduction of 20%. It is noted that the majority of their debt is convertible as of September, if the creditor chooses to convert , debt and interest expense will be greatly reduced.
• I also see growth, a great deal of growth. This management has put together $325,000 deposit towards obtaining a commitment for a $20 million line of credit with RO Financial to develop the untapped reserves on each of their properties. As of the Q3 the financing was not in place but, considered imminent. At present XTOG owns 10 gross producing wells and 55 non -producing wells. When all properties are developed and producing it will increase asset value and earnings. Based on this ridiculous 2012-2013 price drop because of a 40% reduction in earnings. …a 450% increase in earnings could easily put this stock back to its beginning of 2011 price ….perhaps even 2010 prices
• I enjoyed reading Section 3 -Related Party Transactions . In June 2012 the Company purchased a Salt Water Disposal Well, which is producing revenue already. If one looks: a Company Officer, the Director and even an employee all pitched in their personal capital to help this company purchase this SWD well. Moral at this office must be great, these people are investing with their own money. How can anyone not admire that? Another thing I noticed in my travels….on the ihub XTOG home page where the company obviously supplied some promo pictures. The image second row right hand side….. I believe the man standing behind the truck getting his hands dirty is the CEO. That made me smile.
• One of the comments I read time and time again when going through message boards of stocks that have dropped into the oversold range is “this management does not care about the shareholders.” Nothing could be further from the truth with XTOG. Getting their shares back to 2011 prices and beyond is paramount. The company wants to increase revenue and develop properties but, the option to raise capital by issuing more shares is not an option as would result in significant dilution. If this stock price would rise anywhere near its asset value more funding options would be feasible. Plus, the deadline of September for note conversion puts this management under extreme pressure to increase the share price. Not to mention, a large percentage of this stock is insider owned . They went from being millionaires on paper in 2010 to…. well look at the price.
So why is there still so much selling pressure for a trading at an extreme discount?? Beats me ..XTOG is obviously not the “it’ stock. The selling pressure suggests trader ADHD mentality “ if this roller coaster ride isn’t spectacular I’m outta here “ & the volume suggests lack of prom queen popularity. No one is looking at value. Perhaps the Q4 coming out at the end of this month will help bring awareness to this undervalued stock.
Disclosure: I purchased 200 K at $.012 and an additional 500k at $.0101. If this stock has the audacity to reach its low again I will buy another 300k to make it an even million. I have patience, I will hold for 2011 prices and If I lose all it is ok, it is not my entire portfolio plus, I lost $40,000 in one day when ZNGA tanked on earnings last summer. …I still slept like a baby.
GLTA