Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
But price does not always rise after significantly expanding volume
That does not automatically mean company financials and stock performance will ultimately reflect the potential of the fuel. Creating a new industry is no easy thing. There can be no denying plenty of mistakes have been made and more can be made on the road to the promised land. It comes with the territory. And, of course, you never know when competition might rear its ugly head in ways totally unforeseen
"In my 38 years of investing and studying micro-cap stocks, one thing has always been proven to be correct:
VOLUME PRECEDES ACTION......either good or bad."
could not agree more with that portion of your post
Fuel on track $310mm-$620mm market cap fast .. the pipes are dreaming .. and hell will freeze over by New Years eve
Oh, I know very well what's going on relative to the naked shorting. Never denied it wasn't reality from time to time
Macquarie has interests all over the globe
Those weren't naked shorts
Likelihood of stock going to $5-$10 fast? As unlikely as "$20 soon" hype written three years ago
Patients (sic)
Largest volume day this calendar year
Plenty of shareholders hope the bs is over
Under 5000 shs short, so not short
Nobody? Hardly. Don't flatter yourself
I post nothing but facts ... And other fiction ... And lotsoflies
The farther away from the lazy state pfj stores are located, the less likely they carry ecsl product
Not funny at all. Tragic
3450 shs short. That's all
No arguments there. I learned not to trust many of his pronouncements either
Which quarter do you mean? The recent quarter fy1q ended 9/30/16, this quarter fy2q ending 12/31/16, or next quarter fy3q ending 3/31/17
Hopefully with substantive information, not hope masked in words like 'expected'. 'Estimated' is much more vague and doesn't imply any kind of promise
Exactly. Correct. Expectations set, but not met either at all or relative to a stated time line
Ignored? Hardly. Past performance relative to set expectation make many wary of any statements or promises coming from company men. When a bogey gets hit on time, many more interested investors will rejoice and possibly pay up to play
I very much doubt anyone has forgotten the pilot partner. What he or she also remembers is press releases and shareholder updates that in hindsight overpromised and under delivered from a time line standpoint. Lesson still to be learned. Don't include what you can't back up and deliver upon
Once again, well thought out and well said. Some can't handle the truth
Well, that would seem to speak to multiple poor hires and partnerships in the past
So true. How soon they forget
In past times decades ago, true much more often than not.
Nowadays, not so much
Constant refocusing as past pictures fade to darkness
More often than not? Probably.
Always? Not a chance.
A lot of patient shareholders have held stocks to zero
Very hard when there is nothing of substance to communicate. You're right about company not knowing how to communicate, much less when
Well, despite the fact that there are many here who don't wish to look backwards, here's my short version on fy 2016 summary releases and the facts presented...
First, the accountant letter...
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. (a corporation) and its subsidiaries, which comprise the consolidated balance sheet as of June 30, 2016 and 2015, 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 agreement 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 September 26, 2016
---
-63.3mm shs, up 7.3% v 59.0mm yr ago and up 2.2% v 61.9mm q-q
-no dates on stock issued for services. looks like ~1,786,000 shares issued during fy4Q16, incl 1.0mm to LSH
-an accountant (one man office?) who performs a 'compilation engagement', and does not and will not certify financials
-i'm guessing $171k for joint venture will eventually be written off
-cash down to 0 (well, actually negative $110 cash overdraft) from $115,295 y-y, and $4,800
+debt down ~$121k to $2.216mm from $2.337mm y-y, and ~$23k from $2.239mm q-q
+payables down by almost 65%
-net cash used in operations ($976k) fy16 v ($948k) fy15
-shares issued for cash and converted notes payable 2,024,670 fy16 and 2,128,026 fy15
-2016 revs $320,716 v $363,797, down 12%.
-revs fy4q16 $49,591 v $94,407, down 47%
+gross margin % up a little bit
+g&a, payroll & consulting down 6%
?net loss $1.53mm v $1.62mm, down $85k or 5%
Executives with smaller companies who know what they're doing prepare for exactly those types of scenarios, knowing bigger partners, customers, and vendors will try to squeeze them any way they can. Cash flow is king. Under promising and over delivering is the key to keeping shareholders - both prospective and current - well informed and possibly patient. The reverse is a classic recipe for discord and a sure fire road to reduced or shot mgmt credibility
Thank u ... u prove my point
Very recent discussion. Very different tune back in the early spring
Payables were down y-y
Not a done deal by any stretch of the imagination. Let's see what reality proves to be when they actually meet face to fave several weeks from. The % cut would be unprecedented. Past experience says there won't be follow through to 32.5. Every opec member is interested in protecting and/or enhancing market share and near term cash flow. Anything less leads to anarchy by the millions who are chronically unemployed and on the dole, which by the way is already happening
Great quote but not 100% guaranteed
Wrong
Tax loss selling continues.
NAAF
That goes w/o saying