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Stock needs some more excitement:
http://stockcharts.com/def/servlet/SC.web?c=hqnt,uu[w,a]daclyiay[dd][pb50!b200!f][vc60][iut!Ug!Uk14]...
PJTG - news.
Press Release Source: The Project Group Inc.
Pro Squared and CT Networks Announce Plans For Strategic Marketing Agreement
Wednesday April 13, 11:14 am ET
Project Group's RFID Subsidiary to Provide Solutions and Implementation Expertise
HOUSTON, April 13, 2005 (PRIMEZONE) -- Pro Squared, Inc., a majority-owned subsidiary of The Project Group (OTC BB:PJTG.OB - News), announced today that it has reached agreement to enter into a strategic partnership with CT Networks of New York and Long Island. Under the agreement, Pro Squared will provide end-to-end RFID based solutions, training, design and implementation expertise to CT Networks' sales and marketing teams to facilitate CT Networks' presentation, sales and deployment of Pro Squared's closed-loop and supply chain RFID solutions to CT Networks' clientele. Pro Squared will, in turn, offer CT Networks' products and services to Pro Squared's clientele. The companies initially plan to pursue Pro Squared's initiative in the legal and hospital vertical markets. Longer-term plans call for a more extensive geographical penetration and penetration of other vertical closed-loop markets.
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Raphael Feldman, Pro Squared's President and an RFID industry veteran with over 26 years experience in IT solutions and RFID closed loop applications, stated, ``We are very pleased to team with CT Networks at a time when RFID is rapidly expanding. CT Networks has earned a stellar reputation in the New York Metro area and Long Island for its communication designs, implementation and post implementation customer service.''
``We are proud and excited to have been selected as Pro Squared's strategic partner in these unique verticals as a part of the Pro Squared's strategic plan,'' CT Networks President, Barry Goldstein was quoted as saying. ``As we already provide products and services into these verticals, major law firms, and hospitals, it is the right place and the right time for our organization to enter the RFID marketspace. We are poised to make the necessary infrastructure investment that will be required to assure the success of this exciting new partnership.''
Company gives multi-year profit forecast:
http://www.cesv-inc.com/ir_charts.html
Company has identified new companies to buy on updated website:
http://www.cesv-inc.com/overview_future_outlook.html
Filed N-54A form to be an investment company which means that they don't have to list shares with the SEC that they sell - S8's etc etc. They will do it by stealth. LOL.
Patent - you have already made your thoughs clear on Rimmer - and are now just repeating them. CESB is not Rimmer and is a new company. Associating the two is ridiculous. IMO.
Continuing to go on and on about a previous company does tend to put you into a basher bracket unless you have something new to say about CESV. It is now CESV and has disgarded Rimmer, which was effectively a shell.
If you have questions about CESV, why don't you show some inititaive and contact and email the company directly. I have found them very helpful thus far.
Bobwins - just to clarify the CESV answers that I said were answered by the CFO - as per my last post. The CFO emailed me to confirm that he only answered the minority interest part of your question, and that the rest of your questions were answered by Investor Relations. Hope that answers were helpful.
Bobwins - I have some CESV answers from the CFO to your questions:
Bobwins Q1:
"Can't figure out how they calculate the minority interest that has since been bought out. They owned 65% of stairwayStarway as of November. Why is there a 49% deduction for minority interest in 12/31 stmt? Even if you do it prorata for part of qtr, doesn't add up. If they own 100% now, and issued stock to pay for it, I figure eps would have been close to same number on a diluted basis"
CFO Answer: Before November 17, 2004, CESV (formerly known as RIM) owned only 50% interest in Starway, thus the Minority Interest entitled 50% profits of Starway before November 17, 2004.
On and after November 17, 2004 CESV owns 65% interest in Starway. In other words, the rest of 35% interest in Strarway is still owned by Minority Interest.
For the period from Oct 1 to Dec 31, 2004, the Minority Interest's share of the profits of Starway are calculated using a pro-rata basis of the actual profit for this quarter, i.e. (50% from Oct 1 to Nov 16 and 35% from Nov 17 to Dec 31) and the profits of Starway for the quarter was about US$6,375K.
Bobwins Q2: "I think these sales agreements could be the reason for the weak stock prices. These sales consultants took stock instead of sales commissions but they have to eat for the next 3 years. They will sell stock, especially if it keeps going lower as it has been lately. Don't know how long this selling pressure will continue."
CFO answer :
It could also be the shortselling activities prior to the approval of our listing application and closing of financing transactions.
Bobwins Q3; "Cash appears very high at 26.8 million or more than $1 per share. Why are they still issuing stock for services when they are cash rich??"
CFO Answer: The energy savings business is the major source of income of CESV thus the 26.8m cash.
Reason we keep issuing stocks to consultants as compensation is that we need the 26m cash for expansion of our business by restarting the profit sharing business model with which we need a ridiculous large amount of fund for the equipment. We are in need of more than $26m and are well in negotiation with funders.
Bobwins Q4: "Does the mgmt of CESV run Shenzen Dickens group?"
CFO answer; Yes CESV mgmt is on top of Shenzhen Dicken group overseeing its operation. Not a CYD.
Bobwins Q5: "The energy crisis is going to call for energy savings and the unstable power supplies probably help sell CESV products"
CFO answer: Before China manages to address the energy shortage problem by building power plants, energy conservation looks the quickest way to resolve this issue in the interim.
If you believe in ying and yang - and balances - it is time
Loks like there is now genuine pumpability here. First time in ages. Squeeze the shorty time.
Mighty Mezz - if you persist in creating spurious arguments you will get those posts deleted.
Now either Uriah is wrong - or you are wrong. Who is right? Why don't you ring and find out. Uriah could be pumping. My money was on your version of events which is why I'm interested if someone can corroborate what Uriah says or dismiss it.
Hi Bob - thanks for the CESV reply. I've forwarded a copy of your post to the CESV IR dept, to see whether they agree with it or not. I've also asked them to throw light on the minority interest of 49%.
Mezz - you've missed the point. Uriah seems to be saying something new - we've all seen the PR's.
Why don't you ring the number in the second link below to see if Uriah is correct - let us know:
http://www.investorshub.com/boards/read_msg.asp?message_id=5993385
http://www.investorshub.com/boards/read_msg.asp?message_id=5993746
Good luck finance - it is always worth exploring the truth and trying to understand everything.
Everyone is afraid of a turd that they have forgotten to flush down the toilet. I'm surprised he has not booted you yet!!!
Patentmeister - you sound as though you are playing the lets bash CESV to buy the shares cheaper game. I know that people do that, but the DD and ethics are normally higher on the value microcap board. You may not want to invest in teh company yourslef, but at least get the facts correct.
The CESV share structure is straightforward - you are obviously out of touch and need to read ALL the 8k's and 10Q's and catch up with what has been happening with the company, as reagrds it changeover from RIM. I gave you the relevant SEC links in my last post. You need to see that they issued shares to buy Starway - there is no warrant - the Eurofaith warrnt for 220K shares for 50% of Starway was reduced to 6.5 Million shares.
The Nasdaq listing will happen when the company is ready - read what they have to say about it and what they want to do. They have bought out the remaining 35% of Starway as they said they would.
http://biz.yahoo.com/prnews/050125/cntu003_1.html
The proverb in the Good Book goes: "The wise king winnows out the wicked and drives a threshing sledge over them".
Or retranslated for Ihub: The wise moderator weeds out the crooks and throws them into jail.
Never pleasant but it has to be done. I stopped postng on RB because of a lack of crook management.
Shenzen Dicken is one funny name. LOL. Saw a Penn and Teller magic prgramme in in Wan King yesterday. LOL.
Shenzen cuisine is all Cantonese. Had a terrific meal there when I visitted Shenzen in 1998!!!
At least you change with the prevailing wind. LOL.
Good luck
Certainly not whilst trading!!!! You'd miss everything.
Watch your words. Double meaning there.
Good luck - something is definitely up. The insiders would be pig dumb to throw away their money on a stock tank - and so its looks an interesting bet? Mr Leon stopped selling his shares as well.
Thanks to Y2K stockwatcher - everyone has an April 15 deadline.
Either Charles Finney and the two week PR deadline is correct, or a lot of shares will bring the stock price down.
Place your bets accordingly.
Bobwins - re CESV. Note that CESV is just a holding company for Starway, which it now 100% owns - and needs to update its website to show the structire and websites of its subsidiaries.
From the last 10Q:
Starway holds 100% interest in Shenzhen Dicken Industrial Development Limited ("SDID"), which subsequently holds 100% interest in the energy savings project, Shenzhen Dicken Technology Development Limited ("SDTD") as well as owns the intellectual property of their energy savings products in China.
You can visit the Shenzen Dicken website - it lists products = few photo's and specs. Although I saw that for one of the items, the webpage is getting updated.
http://www.dickenhitech.com/english/cp-ld.html
Each person should do their own DD on CESV. I think you are exaggerating and tarring CESV with the actions of previous RIM management. RIM was effectively a shell that was bought out by CESV and was replaced with the assets of Starway, which is the goose that lays the golden revenue eggs:
http://www.skinnylink.com?eskwck
The old shell RIM shareholders and directors sold out befeore the assets were bought out by what we know as CESV. They are not around anymore, and so you can't really judge the present CESV company by them or their actions.
The CESV share structure post reverse split is straightforward.
http://www.skinnylink.com?pjnpdg
CESV have also made it clear in the 8K's and 10Q's how many shares they have paid for Starway, of which they now own 100%, by issuing shares to Eurofaith. The total CESV issued shares are now 22,689, 109. They can issue up to 60 Million shares.
I don't see a problem, and their 10K was audited on the 13th January without problems.
Their numbers are excellent.
Take a look at CESV. It has increased its Q2 EPS 42% over Q1.
Shareholder Equity has increased from $28 Million at the end of Q1 to $50 Million at the end of Q2.
http://biz.yahoo.com/prnews/050405/cntu007.html?.v=3
http://www.investorshub.com/boards/read_msg.asp?message_id=5963270
Keep an eye on CESV. It has increased its Q2 EPS 42% over Q1.
Shareholder Equity has increased from $28 Million at the end of Q1 to $50 Million at the end of Q2.
http://biz.yahoo.com/prnews/050405/cntu007.html?.v=3
http://www.investorshub.com/boards/read_msg.asp?message_id=5963270
I posted this on the Pennyheaven board but thought it may be be more appropriate here.
Keep an eye on CESV. It has increased its Q2 EPS 42% over Q1.
Shareholder Equity has increased from $28 Million at the end of Q1 to $50 Million at the end of Q2.
http://biz.yahoo.com/prnews/050405/cntu007.html?.v=3
http://www.investorshub.com/boards/read_msg.asp?message_id=5963270
EPS for Q2 is 42% higher than Q1. This is sensational.
NI for Q1 = $2,858,278 on 14,881,540 shares. EPS = $0.19
NI for Q2 = $6,150,000 on 22,689,109 shares. EPS = $0.27
Note that I've added the 7,807,569 shares that CESV paid for Starway to the Q1 shares total.
The market has missed something sensational. IMO.
Shareholder Equity is up big!!!
"Current shareholder equity is approximately $50 million. This is an increase of 278% since the end of 2003. The significant increase in the company's net assets is due to the substantial increase in net income over the past several quarters."
By the way Jugfish - I am not Navydude. If you start posting lies like that on ihub - you will get posts removed.
I have actually been out of the stock for a long time and actually said ages ago that I would not buy in until I see the 10K. Where did you get teh silly 31st March 2005 date - I've been out of teh stock for a very long tome now. What Navydude does is up to him. Investors do not have to explain themselves to people they know have no unterest in buying the stock.
Jigfish - you don't own the stock - why have you been wasting everyone's time posting about it when you have no financial interest?
I am free to act as moderator here should I so wish. Who knows - I may buy in again!
Stock seems to be in the forties channel:
http://stockcharts.com/def/servlet/SC.web?c=hqnt,uu[w,a]daclyiay[db][pb50!b200!f][vc60][iut!Ug!Uk14]...
Matt - this is probably a long shot - would overseas investors be able to use your online brokerage?
I'm in the UK and can't use Freetrade/Ameritrade as they are not set up to allow UK traders to use their services to trade US stocks. I'm stuck with Schwab as its teh only broker that allows UK citizens to trade US stocks. The commissions and service is lousy!!
BTSR taking a hammering. I worked out stock only worth $0.01277 on basis of last 8K, and price currently $0.035. Not much fun for holders, as the 8k gave the game away!!!
On BTSR = remaining shareholders plus options + warrants would have $400K = 5% of holdings. Shareholders = 2.5% of holding.
95% of holding = 595,034,440
Holding = 595,034,440 *100/95 = 626,352,042.
2.5 % holding = 15,658,802.
15,682,802 shares have a market valie of $400K/2 = $200K.
Post merger share value = $0.01277
Current share price = $0.06.
Hope my maths is correct. Check it out someone.
"Tony-the-Turd" strikes again, or should I say, his mind spills out again. LOL.
TONY THE TURD
Tony is a turd that deserves to be flushed into jail.
He whom the gods would destroy first make mad. Explains why you're nuts.
Stop wastimg people's time and get a life or a job at least.
Last man standing!!! LOL. Hopefuly will be fixed soon
Spooky - just took a small position. LOL