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Phil Frost is 86. He and his wife live in a monster house on Star Island in Miami, "owned by the largest drug dealer in south florida" ...
OK, it's 55 weeks later from the post to which I responded, and here's what we've got...
As of March 31, 2022, there were 48,444,979 shares of the Registrant’s $0.001 par value common stock outstanding. There are also another 15,259,560 potential shares in the forms of options and wts as of 12/31/21, so we're talking ballpark 63.7mm f/d shs. with stock currently at $6.70, that bestows upon the stock a $325mm mkt cap.
Grasp that for a moment, and then read the following section from the 10-K released yesterday... https://sec.report/Document/0001607062-22-000229/
Liquidity and Management Plans
The Company has an accumulated deficit of $31,888,477 and approximately $6 million in convertible debt that matures within the current year. As a result, the Company has suffered recurring losses and requires significant cash resources to execute its business plans. These losses are expected to continue for an extended period of time. The aforementioned factors raise substantial doubt about the Company’s ability to continue as a going concern.
Historically, the Company’s major sources of cash have been comprised of proceeds from various public and private offerings of its common stock, debt financings, and option and warrant exercises. During the year ended December 31, 2021, the Company raised approximately $14.4 million in gross proceeds from various public and private offerings of its common stock.
As of December 31, 2021, the Company had approximately $15.3 million in cash and cash equivalents. Although the Company expects to have sufficient capital to fund its obligations, as they become due, in the ordinary course of business until at least December 31, 2022, the actual amount of cash that it will need to operate is subject to many factors. During the year ended December 31, 2022, the Company expects to collect the receivable of $1.3 million from the sale of its ACMG investment. The Company also decreased its debt in 2021. With the funds raised and the other mitigating factors the Company believes that it has enough cash to fund its operations for one year from the date of filing. Therefore, such conditions of substantial doubt as of December 31, 2021 have subsequently been alleviated.
The Company recognizes it will need to raise additional capital in order to continue to execute its business plan in the future. There is no assurance that additional financing will be available when needed or that management will be able to obtain financing on terms acceptable to the Company or whether the Company will become profitable and generate positive operating cash flow. If the Company is unable to raise sufficient additional funds, it will have to further scale back its operations.
Now I have no idea what company mgmt is projecting for 2022 or 2023 revenues, and i suspect no one else here does either, but my bet is that it doesn't support a $325mm mkt cap.
I'm all ears to hear reasonable non-emotional responses from others on this board about any of the above. Fire away
if not already addressed on this board, four facts to keep in mind...
geert is...
1 - a lawyer by training
2 - a former investment banker
3 - has been employed by this company for ~35 years
4 - has been ceo for ~27 years
so...
whom do you trust
define 'news'
makes sense
the perpetrators of pnd's almost always find a successful scheme as being very funny
you may think you know we're you (used loosely) are going
doesn't guarantee you'll ever arrive at the destination of choice
entertainment
not analysis
never has been
parent based in texas?
https://championfs.com/
CyberFuels announces Champion Fuels and Promotions joins the sales team
BY GlobeNewswire
— 9:29 AM ET 11/19/2019
PALM BEACH GARDENS, Fla., Nov. 19, 2019 (GLOBE NEWSWIRE) -- EncounterCare Solutions, Inc. (Pink Sheets: ECSL) is proud to announce that Champion Fuels and Promotions has joined the sales team of its wholly-owned subsidiary CyberFuels, Inc. Champion Fuels and Promotions has over 100 years of combined experience in sales, sales management and engineering experience in the trucking and construction industries. Ron Yoder, President of Champion stated that the company has spent the past 18 months focused on engine additives for the trucking industry. Further, Mr. Yoder added that the company’s strong background in sales engineering experience coupled with its extensive customer list should prove very helpful in generating bulk sales for CyberFuels.
Ron Mills, President of CyberFuels stated that for the past two years, the company’s emphasis has been on bottled additive sales through retail outlets. The addition of CFP will add the opportunity to market to large trucking companies and other large users of diesel fuel and gasoline in commercial fleets across the US. Cyber Fuels expects to increase advertisements both in commercial print as well as in other media outlets.
About Champion Fuel Promotions:
Champion Fuels and Promotions is a sales and marketing and promotions, LLC. The ownership and management team has 100+ years of sales, sales management, and marketing experience. The majority of this experience has been in trucking, construction, and marketing businesses. The company has focused for the past 18 months in the fuel additive business.
About CyberFuels™:
CyberFuels Inc. delivers custom-blended regular and synthetic alcohol enhanced fuels to suit almost any engines need.
EcoFlex96™ offers high octane alternatives to regular gasoline. Our gasoline and alcohol blended fuels offer superior performance over similar traditional gasoline blends. Unlike other fuel options, there is no need to retrofit the vehicle for the consumption of our fuel blends.
All of our fuels can be transported, stored and pumped like regular gasoline.
The CyberFuels lines of products also include our "Dynamo™" brands.
Dynamo™ Diesel Cetane Booster:
Independent lab certified to reduce Diesel Particulate Matter (DPM) by 20% and overall emissions by 21% and has been shown to deliver an average Cetane rating over 52 when added to regular diesel fuel at fill up. Dynamo™ Diesel Cetane Booster also improves engine performance, power, and increases miles per gallon along with improving cold flow, increasing lubricity and cleaning fuel injectors.
Dynamo™ Gasoline Octane Booster:
Improves octane and increases the miles per gallon (mpg). Dynamo™ Gasoline Octane Booster allows consumers to purchase regular 87 octane gasoline and increase the power and performance of that fuel to equal that of superior high test 93 octane gasoline, by adding a bottle of our Dynamo™ Gasoline Octane Booster to their tank at fill up.
Visit www.cyberfuelsinc.com
Safe Harbor:
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Act of 1995. When used in this press release, the words or phrases "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intends," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to, economic conditions, dependence on management, dilution to shareholders, lack of capital changes in laws or regulations, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth, demand for products and services of the Company, newly developing technologies, its ability to compete, conflicts of interest related to party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition, and the ability of the Company to obtain additional financing. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release.
Contact:
Bill Robertson
Ph. No. 604 837 3835
Source: EncounterCare Solutions Inc.
if past is prologue, posting the filings and financials near or at the last possible 'in-time' moment will yield yet another quarter of underwhelming non-audited numbers and notes relative to optimistic commentary by a dwindling number of posters to this board
but, hey, it's not about the pasture, it's about the future ... always about the future
https://www.youtube.com/watch?v=DpKAnp5Klzw
mgmt for awhile now has not been guilty of generating hype and false expectations relative to numerous prior press releases that - at best - didn't pan out and - at worst - might have been subject to lawsuits if it had been a larger company of some economic substance
it(he) is guilty of endless examples of faulty excecution and numerous instances of miss-placed trust and lack of due diligence in hiring and consulting engagements
$7 bil-plus market cap
madness
from the inner mind to the outer limits
https://www.innermind.com/outerlimits/sounds/oolsnds/o_voice.ra
There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next hour, sit quietly and we will control all that you see and hear. We repeat: there is nothing wrong with your television set. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to – The Outer Limits. (1963)
Stevie Winwood predicted this predicament 50 years ago
that turned out well
lousy advance work
not looking out for shareholders
par for the course
...'that have paved the way for these large, critical steps about to be made that will ensure the RAPID growth of the company and pps.'
that will ensure
seriously?
how about 'might possibly lead to'
so much for all the alleged dd done once the deal with salerno was announced
i warned you all about his ownership and past history
as best i can reconstruct, it took almost a year for the so-called share distribution to happen once the deal was supposedly closed and ecsl took possession of igmb stock
easy money
then the other shoe drops 8-9-19. for those shareholders who might be so sleepy as to still own igmb shares, check out the 8-k filing from that date
'seem to know about'...
surely u jest
substitute 'continually hype'
timing is everything
substance abuse is non-stop
to what company/stock are you referring?
numbers posted 8/15
https://backend.otcmarkets.com/otcapi/company/financial-report/231902/content
quarterly revenue and margin comparisons past 8 quarters
fy qtr...$revs..y-y%change..gm%
4q19..602,500...162...8 (the new normal?)
3q19..362,857....39....7 (the new normal?)
2q19..117,476...-32...93
1q19....85,357...-25...43
4q18....89,155....19..101 (seriously?)
3q18....51,866....51...64
2q18..126,416....68...69
1q18..177,666....39...75
press release 8/19
PALM BEACH GARDENS, Fla., Aug. 19, 2019 (GLOBE NEWSWIRE) -- EncounterCare Solutions (ECSL:Pink Sheets OTC) posted its year-end results on the OTC on August 15, 2019. Revenue for the year ended June 2019 increased by 262% (wrong .. 162%) over June 2018. Revenue increased from $445,123 in June 2018 to $1,168,216 for June 2019.
Revenue growth was driven by strong fuel sales of the company’s EcoFlex brand of fuels. The company posted significantly higher revenue for both the third and fourth quarters of the fiscal year 2018-19. (not to mention much lower gross margins)
The strong upward trend in revenue is expected to continue in the first quarter of 2019-2020 (to be released by 11/15) with the expansion of the CyberFuels brand both in the state of Florida as well as in Canada and other international markets.
Additionally, the company’s net cash deficiency decreased by 59% in the last quarter of 2018-19 and the company expects to post a net cash profit for the year 2019-2020. (whatever that means when your 'so-called' cfo is just an outside accountant who does not audit the financial statements)
The Company’s subsidiary, CyberFuels, Inc. has been largely a development company for the past four years. (no r&d expensed past 2 years, but .. hey .. unaudited, so someone may have missed something) However, the Company is now selling its proprietary GEM fuels and Alternative Methanol enhanced fuel as well as its Dynamo brand of fuel additives.
Also significant in the last two quarters of 2018-19 is the opening of two CyberFuels branded gas and convenience stores in Florida. The company expects to add an additional 5 CyberFuels branded stations in the current fiscal year.(8.5 months to go) This includes a truck and auto plaza in Montreal, Canada. CyberFuels expects to have continued strong performance in both the US and international markets during the current year.
About CyberFuels™:
CyberFuels Inc. delivers custom-blended regular and alcohol enhanced fuels to suit almost any engines need.
CyberFuels gasoline and alcohol blended fuels offer superior performance over similar traditional gasoline blends.
EcoFlex 87, EcoFlex91 and EcoFlex93 are high-performance replacements for everyday gasoline; they increase octane and performance while lowering costs and harmful greenhouse gases.
EcoFlex96™ FlexFuel: is a high octane alternative to regular gasoline and is designed specifically for Flexfuel vehicles.
The CyberFuels lines of products also include our "Dynamo™" brands.
Dynamo™ Diesel Cetane Booster:
Independent lab certified to reduce Diesel Particulate Matter (DPM) by 20% and overall emissions by 21% and has been shown to deliver an average Cetane rating over 52 when added to regular diesel fuel at fill up. Dynamo™ Diesel Cetane Booster also improves engine performance, power, and increases miles per gallon along with improving cold flow, increasing lubricity and cleaning fuel injectors.
Dynamo™ Gasoline Octane Booster:
Improves octane and increases the miles per gallon (mpg). Dynamo™ Gasoline Octane Booster allows consumers to purchase regular 87 octane gasoline and increase the power and performance of that fuel to equal that of superior high test 93 octane gasolines, by adding a bottle of our Dynamo™ Gasoline Octane Booster to their tank at fill up.
Visit www.cyberfuelsinc.com
Safe Harbor:
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Act of 1995. When used in this press release, the words or phrases "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intends," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to, economic conditions, dependence on management, dilution to shareholders, lack of capital changes in laws or regulations, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth, demand for products and services of the Company, newly developing technologies, its ability to compete, conflicts of interest related to party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition, and the ability of the Company to obtain additional financing. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release.
Contact:
Bill Robertson
604-837-3835
Annual 'filed' 10/15 (later and later each year...)
https://backend.otcmarkets.com/otcapi/company/financial-report/228191/content
all filings & disclosures
https://www.otcmarkets.com/stock/ECSL/disclosure
accountants' compilation report
To Management
Encounter Care Solutions Inc. and Subsidiaries
Palm Beach Gardens, FL
Management is responsible for the accompanying consolidated financial statements of Encounter Care Solutions Inc. and subsidiaries (a corporation), which comprise the consolidated balance sheets as of June 30, 2019 and 2018, and the related consolidated statements of operations and changes in stockholders’ deficit and cash flows for the years then ended, and the related notes to the financial statements in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the consolidated financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these consolidated financial statements.
We are not independent with respect to Encounter Care Solutions Inc. and Subsidiaries.
Pybus & Company, P.A.
Pybus & Company, P.A.
North Palm Beach, FL
August 13, 2019
selling his yacht would bring some money in and indicate a commitment...
just kidding... would never happen
if the man in black only owns 1.9% or 7.8% of the stock, it shouldn't be too hard to vote him out.
so don't just yell about it. initiate a proxy battle, if that's possible in the land of pinks.
of course, in pinkland, it's often hard to know who owns how much stock, options and/or warrants.
i'm also assuming none of the other significant stakeholders - whomever they may be - are capable of taking over and driving whatever ip might actually be valid and competitive to the promised land
"A good constant hammering strategy is vital to mentally preparing your fellow posters to buy your bullshot or nonsense."
about those buyout rumors, they commenced years ago .. $20/share .. right on this board
the “inside information”about something big about to happen has not been happening for 1-2-3-4-5 years
enough said ... literally
i remember back to the days of early computer program languages .. endless if, then statements. note to others .. they didn't always follow
trust in me
follow me
https://duckduckgo.com/?q=i%27m+the+pied+piper&t=ffnt&atb=v144-1&ia=videos&iax=videos&iai=RFdSOppmkNw
the scarcity of shares (i)gambit has about as much currency as the squeeze the shorts games going years back. simply unbelievable (sung to the tune simply irresistible by robert palmer)
pink land ... a blast from the past
enjoy
Slojab Thursday, 02/24/11 10:49:00 PM
Re: None
Post # of 1277
A good read on the Pinksheet market.
(courtesy of 1manband and reposted here without his permission. lol)
Management of non-reporting Pink Sheet companies deserve ZERO breaks. Any company that wants the marketplace and investors to take them seriously shouldn't be on the Pink Sheets in the first place, since the vast majority of pink sheet trades companies really are garbage and in most experienced investors minds an pink sheet traded company is automatically guilty by association. However, even if we give some companies the benefit of the doubt and say that maybe there is a "real" company traded somewhere on the pink sheets, the management of that company should be even more transparent than the "big boards" in order to counteract the prevailing opinion. However, they are not.
In this day and age, there is no legitimate reason for any public company to be non-reporting to the SEC. It doesn't cost much for a small company to report - I guarantee they pay their transfer agents many times more in annual fees to handle their billions of shares and new share issuances than they would ever pay in reporting costs. And I know they pay PR firms and pumpers many times more money to "promote" their stock than it would cost to be fully reporting. No, they choose to be non-reporting for a reason, and that reason is darkness. They want to be able to conduct business in secret and deceive and fool "investors". Many use this darkness to pump their shares with phony PR's while issuing millions (or billions) of shares, none of which they report to anyone publicly. Then, when none of their PR's ever come true, they just move on and do it again. And again. And again. In pinkie land, it isn't making a "mistake". Its a pattern of deceptive business, which is all too common with these pink sheet players. As long as they can find a new crop of gullible "investors" to buy their promotions, they will continue to do it over and over again. You should pay close attention to the history of each and every person involved with a Pink Sheet stock, as their history is a very good indicator of current and future actions.
"Give 'em the old Razzle Dazzle.....razzle dazzle 'em"
last symbol on list ... perfect
gotta love the standard routine in these disclaimers of spelling out the amount of compensation like it will disappear among all the other words ... sort of like ray liotta disappearing into the corn fields in field of dreams
candidate for golden shovel award...
but then there are so many worthy candidates
what does toe-knee pay himself per annum?
where do you Find these Frauds?
must be a Full time occupation
bigger question is how do you make money unless you shorted them years .. decades .. generations ago
veritas
those pictures above are very flatteri...hilarious
a stogie and ego larger than most humans
i wouldn't trust him any farther than i could throw him, and given his monster frame, i probably couldn't throw him a millimeter
early tax loss selling
on topic of trading shares of ecsl
there are traders of ecsl and many other thinly-traded stocks in the pinks that post on public forums and blogs etc their intentions to accumulate a stock in advance of possibly buying or selling that particular stock
a reader / observer would be wise to take such declarations with a grain of salt
trust must be earned. there is no free pass
credibility must also be earned. again, there is no free pass
trust and credibility as it pertains to managements, investors, vendors etc can also be destroyed .. gradually or instantaneously
veritas
the man in black is not the only one by a long shot in the pinks that adopts similar behavior
there are plenty of desperadoes masquerading as ceo's of companies short on cash, long on debt, operating cash flow negative for the unforeseeable future, or all three, who keep selling / offering shares to stay afloat like that scrip is crack
on the other hand, few of these share peddlers are able to keep going back to the well for five-plus years
yes, indeed, it's deja vu all over again, brought to you by an extended bull market that turns many investors into self-anointed geniuses heading for the promised land
continuing to subtract has been wiser
Braveheart
Revenue increased by 262%? i think not
actually, i know not
try up 162%
unbelievable
who approved this ... mills, pi-bus, robo-san...
mo ... larry ... curly
or all three
the gang who can't do simple math straight...
amateur hour repeat
well, all sorts of numerical shards...
before we get to fy4q and fy2019 numbers, a comment on the number that most posts bullseyed ... 4,000,000.
clearly, mills' 4 mill was not traded on the open market, otherwise the stock would have dropped under a dime. unlikely 4mil shares total traded the entire 4q.
however, if this stock is to escape the pink sheets, there will have to be a whole lot more transparency regarding what new bucket / trust / whatever was the recipient of those transferred shares.
but hey, as long as the fins remain unaudited, who cares...
one improvement in disclosure statement - part 3 issuance history is much better and more transparent than it used to be
earily, the stock traded unbriskly on the news, turning over ~$83 worth of stock (250 shs) thursday helped by a ballpark 8 cent spread through which you could pilot a super max oil tanker.
meanwhile, back to the two fyjune2019 filings.
surprise #1, they were released exactly 45 days after the fiscal year end, not the typical 90 as has been past history.
fy4q revs $602,526 - 70% less than the $2mil suggested on this board recently, but still up 576% yr-yr, and up 66% qtr-qtr.
fy2019 revs $1,168,216 up 162%, while gm% shrunk to 19% from 77% and 59% the previous two fy's.
4q gm% 8% after 7% in 3q. is this the new norm?
net cash used in operations ~$550k, better on the surface than the $1.11mm hemorrhaged during fy2018, but these numbers are fuzzier than a foggy moon thanks to various investments, contributed capital, and stock-based compensation entries
share count 69.86mm up 2.9% yr-yr. not out of line historically
nol's still hovering around $24.6mm. hope none of them expire soon, just in case lightning strikes (revs and gm% go vertical).
for whatever reasons, rent expense has dropped each of the past four fiscal years.
inventories remained mysteriously flat qtr-qtr after hardly moving the previous quarter.
tangible equity continues to nap in the red as negative operating cash flow is offset with incremental paid-in capital. the only major deviation in the last three years was that hideous igambit stock deal transaction. rarely have i seen book entry written down faster.
with one caveat, valuation still silly on almost all standard metrics - as are many stocks in the current environment (see beyond meat, for one). only being acquired at a steep premium to intrinsic value rescues mills and his minions
end of fiscal year june 30 2019, so up to 90 days after that date
figure 9/28/19-9/30/19.
fiscal quarters numbers and filings must be released within 45 days, so figure fy1q120 ending september 30 2019 to be released by 11/14/19
...and so on
as one of the moderators, you should know the answer to a question like that
still guessing at least a low of a 19 cent trade by 9/19/19
proof of fiscal year june
https://www.otcmarkets.com/stock/ECSL/financials
https://www.otcmarkets.com/stock/ECSL/disclosure
all the way back to 6-30-11