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hog wash
never a shred of evidence
pewer fixion
no nothing
the chart shows lower highs and lower lows, and gives no indication of a positive surprise by 11-15
nor should they
he has no cred whatsoever, and should only make comments at the same time nocare releases its filings
as i've said for years, sell on the pops related to his mgmt updates that sometimes actually move the stock up
time to wait another two weeks when encounter no care in the world will be forced to barely beat the deadline to release its fiscal year end filings that will doubtless show no significant improvements in financials
and just what numbers are you using to allege that fy3q revs are up?
Ludicrously low for a company whose ceo projected a $700k quarterly revenue run rate not long ago.
But what would you expect from a business that just reported quarterly revenues down 38% yr-yr and down 59% qtr-qtr
classic buy on the rumor - or in this case expectation of a favorable pre-fease result - and sell on the late march news.
now the question is whether and when to get back in.
when is the next catalyst.
will a buyer with deep pockets and/or favorable debt capacity and/or highly valued stock step up and acquire ardea.
mkt cap approx A$110mm - give or take - depending on what you're using for f/d shares, down from peak A$265mm.
seems pretty inexpensive given the pea #'s.
https://ardearesources.com.au/
a little more chatter at stockhouse
http://www.stockhouse.com/companies/bullboard/c.xblk/exeblock-technology-corporation
Strongly suggest ecsl get its act together and issue the igmb share dividend it announced many months ago, then pay to have its financials properly audited by a known reputable firm, and finally pay down all its debt and current payables before it even considers initiating a share repurchase program.
never? none?
every quarter over the past four years there's been dilution.
that's a fact.
year over year share dilution has ranged between 4.3%-7.3% over the past 10 quarters.
the good news is that range is lower than the five prior quarters - mostly 2014 - when it ranged between 7.5%-10.4%.
Per quarter or annualized?
Based upon what math?
$1 of revenue to ecsl per gallon?
okay, so in a couple days the market cap has tripled to about $45mm from $15mm.
now, if ecsl can keep doubling revenues each qtr vs previous qtr... or at the very least, up 50%, it would end up with about $1.4mm of fy2018 revenues at the low end, $2.7mm at the high end, and annual rev run rates of between $2.4-$5.7mm.
Alternatively, quarterly rev growth of at least 100% yr-yr would result in about $750k fy2018 revs and a $1.0mm rev run rate.
At least the indian reservation(s) and others will presumably no longer be fueling up for free...
Following is the top line unaudited history.
Fiscal revs(000) y-y% q-q%
1q18 $177.7 106 56
4q17 $113.8 129 35
3q17 $84.1 19 -8
2q17 $91.5 -29 6
1q17 $86.3 20 74
4q16 $49.6 -48 -30
3q16 $78.9 232 -45
2q16 $128.4 7 79
1q16 $71.8 -44 -24
4q15 $94.4 3 343
3q15 $21.3
2q15 $120.0
1q15 $128.0
4q15 $92.1
a share buyback is not the best idea for whatever amount of free cash flow the company might generate going forward. The first thing mills should do once year-end fy2q18 numbers are tabulated is to have pybus or a more well-known accounting firm conduct a proper audit so the quarterly filings have a better chance of passing a smell test and become more transparent to investors and other observers. That would build better support for the shares, and perhaps flush more short sellers
keep in mind the company is keeping 10 million shares for it's account. shareholders supposedly to collectively receive 50 million shares at a ratio of 3 for every 4 ecsl shares owned as of a certain record date earlier in 2017. when might those shares be distributed to owners' accounts? no one knows
Probably would help if robberson wasn't double dipping with iGambit as well
They have everything to do with lack of credibility on the parts of mgmt and several shareholders
Several shareholders on this thread have been singing that song for well over two years of quarters. Credibility completely shot. Always next quarter
Shorty hasn't had to panic since early 2015
Put a lid on it
Well, actually, berkshire/buffet has acquired a 38.6% stake in privately held pilot flying j, and plans to raise stake to 80% in 2023
At what price?
Despite the narrowest bid-ask gap in months of just 1% yesterday, there was exactly one cross of 5k shares for a whopping $1300.
A few minutes ago, almost two hours into the session, finally the first cross of the day of 7k shares for a bit over $1800 despite an even smaller bid-ask spread of 0.6%.
Rather than continuing to make comments alluding to alleged market moving news that have never proved out over the last several years, buy the stock since you and your supposedly bullish cohorts believe it to be so cheap.
If a contract that produces meaningful revenues that hint at a path to profitability occurs some time in the future, participants on this board will know soon enough via the unaudited quarterly releases of numbers.
Actions speak louder than words, so...
More action
Less words
Recap
Exactly two crosses today despite the narrowest bid-ask spread of around 2% in both the first and last hours of the trading day
5000 @ $.28 (approx 100 minutes in to the session)
238 @ $.275 (out of 7500 bid during final hour or so vs 2500 ask @ $.28)
That's it
If the existing holders claiming to buy supposedly cheap stock didn't buy today to take advantage of the rare narrow spread, under what circumstances will they add to their positions
And explain to me why one should trust anyone who divulges to this discussion board he is buying if he is truly trying to buy at the cheapest prices the market will allow
Anyone?
Old school. The greatest generation. Kudos
So I've been told, but that's not the same as receiving the actual shares.
And the ratio is still not locked in. Could possibly be lower than .75
They never do
Business - such as it is - as usual
37 days
No shareholder that I've talked to has received igmb shares in either form of delivery
And most every reader of this board knows how much nonsense has ruined this thread over the past 3-5 years
Just like mills ... over promising and under delivering
Silence on the parts of all participants would be golden until there is a signed, sealed, and delivered event of true consequence
None left
Credibility completely shot
Lack of arbitrage and volume says no possibility of m&a in the foreseeable future
Just for laughs...
$3/sh ~ $200mm mkt cap
$5/sh ~ $334mm
$10/sh ~ $670mm
$20/sh ~ $1.35bil
$30/sh ~ 2.0bil
Quarterly revenue run rate ~ $70k
All the share price hopium is pure hype
Classically generic
Of what?
Certainly not ecsl or igmb
All? ... no chance
To the contrary. According to ron's recent missive, there is no date certain of when igmb shares will show up in ecsl shareholder accounts
Sone of the few posts recently worthy of reading
Thank you
Shares there? IGMB? No shares have been distributed. No one even knows the final ratio yet
fifty days
Ron has refused several consultants who know the end markets, competitive hurdles, and strategies way better than he. Clearly he thinks he can make this happen all on his own. Just as clearly, time has proved he can't. The more time that passes, the more likely that whatever differential his ip and products might have had are fast eroding. And as has been written several times before, big oil isn't going to sit back and let him carve whatever niche he and some optimists thinks he has
Good intentions, but don't hold your breath
I can see fy4q17 results being released in 60 days.
The sooner the better, but won't happen