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Big Al has done a good job with that summary.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106589839
All is quiet on the western front...
Unfortunately they were losing money, but I believe we will continue to see revenue grow each qtr. hopefully, in the end, it's enough...
https://m.facebook.com/thefuelstream?v=timeline&filter=1&refid=17
Some more good pics and videos on their FB page.
while this is excellent news, I agree. that is why I will hold on for a while. It will not just "fly to the moon" in one day. anyone expecting that is setting themselves up for disappointment. good things will come to those who wait...
Agreed. not worried what it will do from day to day. will probably hold for a while to see where we go. just need to get passed the dumps
that's really good news. I had heard Kevin was going to SA. but did not know what for. Q3 is going to awesome for rev increase.
Yeah, agree. Bunch of BS. Lots trying to get 3s though
Probably sit like this all day.
Understood, will do
I like the first response better, lol
Dude, what did u tell him which company you are with?
plus the all the extra services provided. I think IR was right when they said FLST is on track to $1.5mil this year. I will see what the schedule is for the team to estimate flights and fuel consumption based on using the same plane. assuming they will be flying to most of the matches and they will be using FLST for the fuel and handling services.
also for the boeing 737-300. not sure of the accuracy...
http://www.airliners.net/aircraft-data/stats.main?id=92
not sure how acurate...
http://www.travelmath.com/flying-time/from/Johannesburg,+South+Africa/to/Khartoum,+Sudan
The total flight duration from Johannesburg, South Africa to Khartoum, Sudan is 6 hours, 17 minutes.
This assumes an average flight speed for a commercial airliner of 500 mph, which is equivalent to 805 km/h or 434 knots. It also adds an extra 30 minutes for take-off and landing. Your exact time may vary depending on wind speeds.
If you're planning a trip, remember to add more time for the plane to taxi between the gate and the airport runway. This measurement is only for the actual flying time. You should also factor in airport wait times and possible equipment or weather delays. If you're trying to figure out what time you'll arrive at the destination, you may want to see if there's a time difference between Johannesburg, South Africa and Khartoum, Sudan.
The calculation of flight time is based on the straight line flight distance from Johannesburg, South Africa to Khartoum, Sudan ("as the crow flies"), which is about 2,888 miles or 4?648 kilometers.
Actually, he has provided me some good information. I trust the opinions that he gave me.
Yeah all good. I have sent a few messages to global as well. Waiting for a reply
Dude, I got that same reply from I/R. Must copy and paste due to all the inquiries.
Fuelstream can make money with the existing line of credit, as they have proved. Granted the million dollar line could expand this. They can make a lot of money as long as the A/R can support the A/P.
Aren't the markets closed Monday?
Starting to share your frustration...
calm before the storm?
you think they will be posting news tomorrow?
hope so. need to hear something from the company.
I hear crickets in here... anything positive/negative today? i still haven't heard back from global, but not surprised as i wouldn't answer random emails either...
I have received responses in the past, but is been a week or so
I sent them an email just now, will see when they reply- I will post.
Do you know which date the note was converted? Is it 60% less than average value of 10 trading days prior to conversion?
Main thing I see here is progress. Higher revenue was the biggest one so far. Will see what it does over the next few months. I am not concerned about a R/S. Also not worried about the share increase. Good luck!
Regardless of whether it's petroleum based, or a biofuel, Fuelstream $FLST plans to provide the fueling service. http://t.co/Wcp593kOJ0
— Fuel Stream, Inc. (@TheFuelStream) August 22, 2014
Yep, got to have the shares available to cover the notes...
Man, there has been no reports of Ebola in South Africa.
i believe he said they were not looking into issuing new notes. we won't know for sure until Q3 filing. if they can get the credit line approved and under decent terms, there should be no need for new notes as they have proved they can generate revenue.
you are 100% correct. If they can pay it back within the terms of the agreement, then it will not be debt. it all depends on when they receive payment from customers and the payment is applied to their credit account.
sorry, when i read this i assumed it meant convertible into common shares:
"Mr. McConnell has agreed to a compensation package with an accrued salary payable by bank wire, check, or convertible into shares of Fuelstream stock."
probably if they want to pay the CEO and cover convertibles. will they issue preferred or common shares to the CEO?
Agree 100%. I would still like to hear from them what the plan is for the toxic debt. I believe they are turning it around and I am satisfied to see how much the revenue has increased. Hopefully we hear something about the credit line this week.
their business model of low margin high volume will be successful if they can get credit line approved. I believe we will see something soon in regard to approval. hopefully by EOW.
I agree with you about everything you have said. I also know there are several notes listed in the report. I think more investor confidence would be restored if they had a plan to buy these back. with the new credit line (pending approval) they could do this. I would like to see something from the company on how they plan to deal with all these notes. they probably won't do much with the smaller notes, but they need to address and plan on paying off the larger ones if we want this stock price to go up and hold. thanks for the information!
Well thanks for trying