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CUSIP - Committee on Uniform Securities Identification Procedures
Tell me...
If IDNG is going to be so huge so fast, why even mess around with selling thermometers or other medical devices? They don't bring in the profits to attain the anywhere near the levels you're fabulizing.
Just one of the many ludicrous things around here.
Wanna buy a thermometer? Or 300 million of them?
First - What you're saying is not fact.
You have come up with a best case scenario in your own mind and you're trying to convince others of its validity without the use of facts or figures.
Who cares what Klug did in the past. Sure, it's nice to know a company is in the hands of a capable, proven individual. But past results do not guarantee future successes.
IDNG currently sells thermometers.
They currently own a house which is being rented. The house was put up for sale in 2011 for about $450K, and didn't sell. What was the original purchase price of the house? How much are they receiving in rent payments? How much did RedHawk pay for the house?
That's about the bulk of the income producing items IDNG/RedHawk has. And neither is bringing in significant revenue. That's a fact.
To say the company will go from $5M to $300M is ludicrous without having any factual support.
Yes, the 10-k stated they were looking into other areas of growth.
BUT... the 10-k also stated dilution was possible and the company does not have enough money to continue operations at this time.
I appreciate your enthusiasm and belief in the company. But that's not enough to move a penny to $8 a share. Do I hope that comes true... absolutely.
But in the meantime, it's pumping at its finest.
Pure speculation again.
Laughable.
I do believe you're once again mistaken.
I've never said I have 2 million shares. I have a small long position and have zero short interest.
I'd rather be a realist and form investment decisions based on facts, not on hypotheticals and suppositions and cheerleading and pumping.
Based on 100% speculation.
Answer these questions:
- What does IDNG sell?
- What does IDNG own that produces revenue?
Probably.
... Since they have close to zero revenue and they sell one product.
I don't care who's running your company - if you don't generate revenue, you fail.
And per the 10-k, the company doesn't currently have enough cash to sustain operations.
Sometimes, it's better to just be silent.
Cutting costs does not equal making money.
Cutting costs mean you lose less money.
IDNG has not made money yet.
But as of now, there hasn't been any revenues except for 3 or 4 thermometers, correct?
What products does IDNG have which produce revenue?
CUSIP = Committee on Uniform Securities Identification Procedures
Reports revenue? You're joking.
They have reported couch change at best. They have reported less than $1000 in revenue in over a year.
Come on, if you're going to make statements like that, do it less like a snake oil salesman/used car dealer.
Rational thinking has no place here.
(obviously a joke. But true when you consider the complete and utter lack of substance and facts provided by the promoters here.)
I would have to imagine so.
As of now, they sell thermometers (approximately 4 sold in over a year) and they have a rental property which may be generating income, or it's being dumped on RedHawk because no one wants to buy it and Beechwood was losing money on it.
It'll be interesting to see where this goes, because as of now, I just don't see this being a $4M company.
Yeah, yeah... put the pieces together. Do your DD. Broken records. No substance. All fluff.
And once again - I am not short IDNG.
Great price jump!
From a thermometer company. They must have some huge sales going on. Or maybe they have a new business line? Or maybe this is all for nothing?
COMPANIES CANNOT GIVE YOU NON-PUBLIC INFORMATION.
It's still illegal.
Thanks for the great advice though.
Once again, you've been immensely helpful.
Don't tell me how to invest my money.
And stop putting words in my mouth. I did not say I was pessimistic about the company's future. I'm realistic on the company's past and their current state. I haven't said anything about the future of the company, as predicting the future is impossible, thought many try and try and try again.
260% is a little misleading as you'd never ever realize those gains with the spreads. But that's another topic.
What I've seen thus far has been restructuring and no sales. And somehow, the price has increased. And if you'd like to believe that's not partially because of all the pumping and cheerleading around here... well, I'd say you're mistaken.
As of right now, the board for this company has all the makings of a P&D scam: core group of posters, posting the same junk over and over, telling you that the next thing is going to be amazing and slap the ask now because it's your last chance and do your DD and put the pieces together... all the while presenting no facts and never responding to any actual questions and never providing any substantive information.
I'm sure you can see how that'd appear to be a P&D scam. Or maybe it's one of those instances where you're playing poker and you can't identify the fish?
FYI - I'm just doing my DD.
I'm up well over 100% on my position in IDNG. I'm not short the position.
Just here trying to wade through the trips and get to the heart of the matters. This isn't fantasy land where everything is rosy.
Stretching the facts...
Same old story...
If you post something that's not equipped with pom-poms here, sell and move on. Get a new tune - that one is played out.
DD includes positives and negatives. Deal with it. Don't like it, block me. I'm posting facts about the company. I'm not making up hypotheticals and resting on the laurels of some proclaimed savior.
This year so far, IDNG has done virtually nothing. They cut costs. They did not increase revenues. They have not added any significant revenue-producing products or services.
Those are facts. You can put the pieces together all you like, but those are facts. Maybe the future holds something great. Who knows. In the meantime... not much has happened in the line of progress this year. That the public knows about.
But if you read this board, you'd think they invented a way to cure all ills in the world.
That doesn't address anything I brought up.
That's great that the stock price has gone up immensely. After selling a few thermometers. Fantastic.
Do you recall all the hype around the release of the 10-k and how we were going to see dollars here?
Or how June 30th was going to be enormous?
Or all the other hype?
Bottom line - the company has one product and now has a house.
What happened to June 30th?
Weren't some predicting something huge by then? Just like something huge was predicted when the 10-k came out?
Just more signs of this being mostly hype.
I'm looking forward to seeing some actual substance. Some revenue. Some business ventures. More medical equipment maybe?
Please don't tell me that buying a house that's a rental property is a business venture. It's a house. That was bought when prices were high in 2008. And was on the market for sale in 2011 and no one wanted it.
That's a 3bd 2ba House.
http://www.zillow.com/homedetails/1118-Jefferson-St-Lafayette-LA-70501/77668661_zpid/
It's the former office of HSM Holdings. Looks like Klug used to live there as well, based on filed docs. And it's the address for Beechwood.
Not a building. It's a house.
Amazing how you haven't found one single negative thing about this company in all your research. Absolutely amazing.
Why always answer "Do your own DD"?
If you want this stock to do well, which you obviously do, wouldn't you want to openly share information to spark new investors and get people excited about the company?
So many times - the answer is "Do your own DD" when in reality, if there was some actual information available, it would be shared already.
Posting speculative comments without support only leads potential investors to believe it's all one big pump & dump. Transparency goes a long way in the pink world.
I don't see why everyone here is always so secretive. Is it because it's all hype and speculation and there's actually no knowledge of these huge deals going on?
As of now, the company sells thermometers. Like 3 thermometers. Total.
3rd Circuit Court of Appeals...
Has anyone looked into this property? From what I've found thus far, the 3rd Circuit Court of Appeals property is and has been owned by the state of Louisiana.
Have they got multiple locations which aren't listed anywhere?
Yes, they get revenue from the property.
BUT... without knowing how much they paid for the property, we have no idea if it's a gain or a loss.
2008 was near the height of the real estate market in the US.
Hypothetically, Beechwood could be getting killed on that property. They could have bought high and since have been taking in payments which don't cover their mortgage.
So, it's entirely possible that Beechwood dumped a dog of a property on Redhawk.
Those are 100% guesses. But it's possible.
That's 100% speculation on your part.
You have no idea what the monthly lease is or how much Redhawk paid for it.
How about this speculation.... Klug is dumping a weak property on Redhawk and getting the cash into Beechwood so that when the property goes under, Klug's got the cash and Redhawk is liable.
Holding companies do have risk.
If one of their underlying companies goes bankrupt, you're correct in that the holding company does not bear the same cross, but there's certainly risk involved. Capital loss? Absolutely.
In this case, Beechwood sold a property to Redhawk. Beechwood gets cash. Redhawk gets a property. There is no cash infusion.
How is it a cash infusion then?
Beechwood sells the property to Redhawk.
Where did Redhawk get the cash to purchase the property? Klug isn't going to front that cash without getting shares in return.
Redhawk's balance sheet looks exactly the same at the end of the day and the value of the company does not change. $XXX as an asset in property, $XXX as a payable liability.
It's not a cash infusion. Correct?
Holding Companies grow through investments
People do not risk their own assets without something in return.
Klug will not risk his own dollars without a return in the future. That can be done through the issuance of shares for example.
But no smart businessman gives away money or assets without the possibility of growth.
Why take on the risk?
How is that a cash infusion?
Do you think Beechwood simply gave the property to Redhawk? For free?
Or do you think Redhawk paid for it and now it's an investment property so as of now, there's no impact to the balance sheet?
Dollars? Soon?
By dollars, let's say you mean $2. To what do you attribute the meteoric rise from a $3.8 Million company to a $760 Million company?
As of right now, they sell a thermometer. Do they have any other revenue streams?
I'll answer that for you... the answer: Not that we know of. We have no idea where this company will get revenues from.
Please don't quote the 8-k, since that is all vague information which most every similar company aspires to achieve. "focus on future strategies for developing the medical device business unit and the pursuit of other investment opportunities. We previously announced our intentions to consider investment opportunities outside of medical device distribution including, but not necessarily limited to, commercial and hospitality real estate, specialized financial services and equipment rentals."
If you want to put faith in that statement and similar statements from the 10-k, you should also take heed and question the following statement from the 10-k: "Our plan of operations for the next 12 months is to prepare our marketing and distribution strategy and our sales and distribution force for the Thermofinder. We will also require additional capital to carry out our current business plan. We currently do not have sufficient financing to fully execute our business plan and there is no assurance that we will be able to obtain the necessary financing to do so.
We may not be able to fund our cash requirements through our current operations. Historically, we have been able to raise a limited amount of capital through private placements of our stock, but we are uncertain about our continued ability to raise funds privately. If we are unable to secure adequate capital to execute our plan of operation, our shareholders may lose some or all of their investment and our business may fail.
We estimate that our expenses over the 12 month period beginning June 1, 2015 will be approximately $1,000,000 as described in the table below. These estimates may change significantly depending on the performance of our products in the marketplace and our ability to raise capital from shareholders, investors, lenders or other sources.
So my question... How do you expect IDNG to generate revenue to grow into a company of that size soon?
Same old story.
Facts are apparently useless. And if you provide facts, you're told to go away.
You can't always gloss over the truth and make up a false reality.
Fact of the matter: they bought a company for $66 million, put work into it, and sold it for $66 million. That's not a gain. That's a loss.
But they bought it for $66 million
That's a loss.
CUSIP
CUSIP stands for Committee on Uniform Securities Identification Procedures.
C - U - S - I - P
CUSIP.
Financial state of the company: