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BAC - Call-options
I'll keep writing them as long as people are willing to buy them and I will be buying puts with those premiums.
Sorry to say, never been a fan of BAC, and confident we will see more insider selling in reports in next few weeks.
The banking sector again is getting hit hard. Unfortunately, the big ones made a good run the last few years.... but never learned leasons and starting writing more careless/risky loans.
Fargo--- of all the larger size banks is my favorite. But economic times still a bear in my eyes.
Only thing keeping the market alive is our silly monetary policies.... and the unspoken inflation we are having. Why the dollar is so strong?? IMO- only due to the weeker CAD & GBP.
Bumpy roads ahead....careful folks and good luck to all!
IMO---of course
Don't you love easy money
Happy with 45 strike puts picked up today.
IMO: Write PUTS @ 17.50 to 18.00 all day long. I would be happy to cover @ those levels and get the extra rebate from the PUT premium. But I do like physical IMO.
Looks like a classic pump and dump. But if money to be made short term buy/short what the hell.
Forex is as close as it gets to 24/7.
All for 24/7 market for liquidity reasons!
There is some reasons to have market closed. News before/after the bell, earning calls, catastrophic events etc....lets investors divulge the information and trade with proper DD as apposed to emotions. Most importantly it allows people to sleep!
Love the MM chump change buy move at end of day to make this light up green on many boards. But it is not an accurate pps for its trading today. Stock more accurately is @.008 right now, which still positive.
Why did they lose contract in Fulton County Georgia?
No longer on website for CPSZ and now Govpaynow.com appears to have picked it up.
What a big loss!
How and why did this happen, this industry is growing rapidly but very competitive. J Pay by far is the current leader but question is can CPSZ keep up the pace? Losing Fulton is huge, hopefully there is not others:(
I agree. Thank you for the post.
Calculated sale for the 3million offering was roughly .0063 pps..but that said it seems obvious they need money for new business. May not be indicator of market price for current commons. 3m invesment is alot . Hopefully $ is spent well!
Who knows what CPSZ will become long term? If management runs it well could be a gold mine, if run poorly then.....well anyone can assume whatbhappens next.
The future will tell. All longs , I hope CPSZ runs up. But short term any gains made is money in your pocket regardless of the future.
Go long in any good company but take profits along the way is my best investment strategy.
What FINS? What transparency? LOL
Remember: 100/1 RS on Commons and a 10/1 RS on authorized ....anyway you look at it is not a good thing for common shareholders.
The company can be profitable and grow like crazy but if your shares are being diluted by management it is not good.
IMO
All I need to drop is 30 to 75k and I can buy a shell companu and be trading on the OTC tomorrow. ...lol
FYI.
I have spoke to the call center. Bond payments over the phone or large phone transfers to commissary cards for example $500+ can carry transaction fees in excess of $50:)
But going for min of $4 is good to for test avg transaction fee, which ironically is what I was using for a basic valuation myself:)
Now less armour car transport fees, merchant fees, what the jails take (if in their agreements), etc.... all impacts true revenues/profits.
Unfortunately we are not insiders so we dont have full payment shedule.
I did read terms for exit cards and they are huge money makers for fees. Im sure they have partnered with a gift card merchant provider so not sure what there take on those fees would be either.
That was my problem with them to start was the limited market they were hittong hard and needed to expand FASTER.
I was gonna have to start my own BIZ to break into that market.... wheeeheww. Now I dont need to as long as management doesnt f over its commons in the RS.
If they due screw us over on dilution, game on! I will break into the market faster than they ever saw it coming. Few calls to some friends asking for a few bucks from a small little bitty company ....called Google Ventures....lol
Regardless this would make for a great strategic partner to get CPSZ into additonal goverment markets and hopefully into schools and residential markets and expand quicker abroad based on your post details.
Also originally founded by a man as it states in the about us the word "him" when it relates to much travel....but woman owned now:)
Bringing in some woman would be great thing as I know its hard to say no to a "saleswoman":) IMO -haha
Thank you lawdog for this info!
I was concerned from what I was finding, thats why reached out to the community for some insight.
This makes for a potental great merger (of equals if we ever get the FINS) or buy out etc. CPSZ has left commons in the dark for a long time with real data.
The PR on transaction increase year over year was great...but it was missing the main component of avg price for transactions in those years so one could know if really increased revenues. It is assumed but with missing info everyone is going on the assumption that it is positive.
I have been around the finance and accounting (and sales) world for quite some time. And extensive work as an internal auditor I and "everyone knows" you can spin anything into a positive based on how it is released. The fact that they only showed transaction growth (good for business) but it doesnt mean revenues grew year over year which if they did for sure they would report to such.
Audited FINS will shed light on what this puppy really is worth and cant wait to review and nit pick the data like crazy to come up with a true valuation of this company:)
Another Green day is another good day for longs:)
Bid 2 cents. And you can have a few million shares:)
I would prefer to see a D&B # opposed to a vague Chamber of Commerce number.
If anyone has access to running D&B reports..... please share:)
Id rather have CPSZ 2012 FINS!
Founded in 2010 with a whopping 88K in annual revenues and 2 employees.
Sure hope this is not who they are merging with (maybe they will buy them).
http://www.dandb.com/businessdirectory/municipalsolutionsholdingcorp-castlerock-co-33295566.html
Thank you for info, will need to look into.
At first glance does anyone know if this is just a "Shell Company" they might use to help them into to get into the big leauges?
Worried about more debt as in the case of other mergers/buyouts that have been in the history of CPSZ.
DITO. A pink is a pink. But agree this is one of the better ones out there trading right now.
Hopefully it pays off.
DITO on the trading pattern:)
Press Release stating "considering" is another way to say "Just wanted to let you know it's happening and we are having an open forum in Irvine to discuss it first with the public as we are required to do so."
I would love to sell my shares but unfortunately with volume of 3.5m today its hard to sell may shares without driving this thing into the ground.
The hotel is across the street from the airport (SNA) hope to everyone there!
Hopefully, they will be serving Steak and have an open bar as it sure seems by the Hodges excessive travel expenses they like to party:)
See P&L's below:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=71552
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=71435
5$ ?
What exchange we talking about.
Better do some research before you make these ridiculous claims as to the stock trading at a nickel before it goes to $5 during a reverse split.
Do you understand what 100/1 on Commons and 10/1 on authorized shares means? Do some more research. The dilution will make these commons worthless and make the Hodges a lot of money.
This stock will be back at the penny level in no time post RS....buuuuuut, you will be left with 1/100th of the shares you have now.
I am all for you pumping this stock up more so I can dump a few more million shares with a profit when volume allows me to sell!
I predict seeing .004 tomorrow at some point. Hope I am wrong!
US bank already has ATMs and technology in place to do much of this otherwise they would not have made a bid for Riverside County to start with.
JMO
They released PR announcement about RS and have been paying $ for an audit to become fully reporting and to uplist. They will do the RS regardless of what anyone says.
They probably had an investment advisor & attorneys tell them it was a good idea to do it and a means to reach bigger investors.
Previous FINS show they have lots of debt and cash poor....they are in desperate need of $ to keep operations open and to fulfill new contracts for kiosks.
They will be doing the RS!
The fact they announced 10 for 1 for authorized shares ( i.e. preferred stock) means they have tons of debt holders that get paid before common share holders. VC's protech their investments, this is one means of doing so...by saying FU to common shareholders.
CPSZ obvious is cash poor.
JMO & IMHO:(
General Payment Systems Inc. ?
Sorry Hodges!
http://generalpaymentsystems.com
Domain is not for sale. It is owned in part by another bill payment solutions provider.
I agree completely. My post was just saying welcome to the real world. Small investors get f'd without proper DD. Doing that on a non reporting OTC sub penny stock is not entirely possible.
To all those that made money- "Cheers!"
To all those still long- "good luck."
To all those in the red- "Maybe Next Time"
Glad to here you made 1000%. Great job, now time to move on to the next play:)
Everyone's goal is to make some $
Did anyone read the press release?
They are bringing to meeting the concept of a RS and other things, not actually doing it now....lol
But. ...
True that the hodge's and other big players are going to do what is in their best interest so a few investors showing up to watch what goes on and voice there minority voting rights will be a joke:)
Longs that want to see how the real world works, it will be a great meeting. Remember... just as the popular vote in the USA doesn't elect the president, don't except your vote to count here either.
Feel free to rip the Hodges a new one for today's sell off, but remember they are just as pissed off how the market reacted to their PR as they are shareholders themselves and just lost 60% market cap of what they have been spending time trying yo build.
I will be there.
Hopefully no crazy hostile penny stock traders show up that do not understand the Risk/Reward general principles of investing in any company (especially one that was trading at a fraction of a penny not that long ago).
Anyone who sold today or this week that has been long in this stock for sometime. ....good for you!
Google the general definition of "investing."
No one wants to lose money, it is just part of playing with the big dogs!
I wish I found EZ Card... they have been busting there a$$ to build a profit making company. Investors ride on the coat tails of entrepreneurs and try to profit on their sweat equity.
"It is what it is"
Hope when bought at 13 and sold at 16.5 you invested a lot more:) otherwise you lost out on simply a long hold.
But than again if you made profits on other stocks with proceeds in between props too you.
Regardless, congrats....nice return anyway you look at it.
@totffe
Thank you for the good read.
How many shares available to short?
My understanding is the brokerage firm needs to have the shares to allow short to occur.
The volume is simply to low on a penny stock. Sell orders appear to be people taking profits. Anyone averagd in below .01 is still realizing a profit of 50%+ in a very short amount of time.
Its different with the big caps. For example Ameritrade and others typically hold $ from a check deposit for several days however if you buy Big Caps they will allow you to trade usually next day. Usually stocks over $5 is the general rule.
Settlements times can be different for releasing funds but general rule is 3 day settlement hold. But plenty of exceptions occur all the time.
For example "margin" and "day trade" accounts. I have an old "free" outstanding account I dont use to trade anymore. Its was opened back in the 90's. Its still an active margin account but I have less than $1 in that account. If I deposit funds say $1000, they will still allow that $1000 to trade with margin. I can day trade with account and still have full access to level 2s and plenty of research tools that a new account opened would require a starting balance in excess of 25k etc.
Then please explain the high travel expenses on the FINS last made available.
.....Just kidding, the company is strong and the hodges are traveling non stop accross the country to get new contracts to grow this company!
Proper DD is always key.
-A little birdie told me that a staff member @ corp office is on vacation at cpsz. That means more work for others and maybe communication for PR's are not being published as a result as this is a smaller company not being run by 100s or thousands of people.
Company is in strong growth stage right now so who knows where and what will happen.
The recent share from someone on the message board says new bid accepted for Riverside County CA... that is huge! And considering US Bank bid on the same contract that is positive that CPSZ was awarded the contract, but in same manner a scary thing that US Bank is trying to get into the market as they have the funds to invest in technology and have the infustructure to be a huge player in the kiosk business.
That said is it possible that a company such as US Bank could reep benefits of buying out a small company such as CPSZ. This of course could be positive or negative if a buyout occurs as it limits the common stock holders potential gains as the owners retain much of the outstanding shares and have the majority stake in the company so someone with a couple million shares has no say in a buyout deal:(
Hopefully more info is shared soon and CPSZ continues to get more and more contracts.
Go long!
From an accounting perspective.
For their balance sheet:
It will be broke down, but lumpped together with other things.
Probably kiosks will be added to "fixed assets" - long term. But..........
Equally they likely borrow $ for purchase of kiosks (as should and have in past) so that will be tossed into long term liabilities. But new and existing will be lumped together-----hopefully they have lots of foot notes:)
Income statement will show their travel expenses which are very high from previous published statements. Hopefully they breakdown , meetings & meals but likely will be grouped together for consolidated financial statements. However, travel expenses include sales meetings for the Hodges to setup these deals accross the country.
The installation fees for travel etc part for the kiosks maybe lumped into liabilities for debt if financed. Some try to dump these costs into long term fixed assets, but should be put on fins as an operating expense/cost.
Considering this audit is taking place.....just wait to see the 100k-500k fees under legal and professional services for it...lol
(I know thats the range I would charge if not more!)
Accounting is a very messy and easy to hide stuff for reporting fins, hence lots of footnotes.
Hope to see an full fledged "Annual Report" for 2012 (signed off by audiors) as it would show tons of information for proper DD for investors.
People wonder why CPSZ has yet to release audited financials?
As an internal auditor....
I must share the following:
First and foremost it takes lots of time and is not cheap.
Considering they have only really published 2010 year end unaudited information the auditors have a lot of work before they sign off on anything.
They need to go back in time and verify everything. Everything means looking at detailed transaction history, touching every asset on the books and verify everything possible (I.e. share structure, asset disposition, sales....everything!).
They first need to establish a base to work with and that can be and likely could mean unwinding everything since inception.
They need to verify 2010 fins, create 2011 and then 2012.
It takes a long time!