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Seeking Alpha Pro - $8200!!
Anyone join before they cranked up the price? It was $2400 at first, which I thought was way too expensive. Now the price is off the website and you have to get sales to reply to you.
$8200 was the lowest of the plans they quoted to me.
Counting Blessings + Remembering + Hoping
Best to all the great folks on this Board!
For 2013, I'm thankful for the accommodating market.
I also fondly remember our friend Martin Manley. A toast to Lentinman! We miss you!
For 2014, I hope for more gains..and especially for Hank and Skillz to get back to full strength. And that all those who are ailing ... stop ailing.
Happy New Year!
JBII: Still short some, happily
I covered most of this previously but have a few borrowed that I intend to ride to 0.
I gotta thank the promoters for helping me make good bank on this one. Most obvious short opportunity since GFCI and SPNG.
Below is a post I sent when it was being compared to DDRX. The post was removed, of course, along with all the other ones I published documenting my shorting. It also resulted in vulgar PM's from those promoters.
I removed references to any specific individuals.
Post # of 158087
JBII: The next DDRX or the next SPNG?
I'm betting on the latter. Some clues:
1) JBII board populated by career pumpers - reminiscent of the old Grifco scene. Where's BBB, anyway?
2) Only 2 people, to my knowledge, have ever been banned from this board. One is a moderator of the JBII board and the other is a primary pumpmeister there.
3) $430 million market cap, all based on speculation. Little fundamental value. The majority of their assets are "Media Credits." I think those are being used right now to support the pump.
4) Their first angle, reading old computer tapes, failed to support the pump adequately so now they're on to the next. Not surprising. I'm coincidentally very familiar with projects converting data from decades-old mainframe tapes. It just isn't that hard and no one's going to get rich doing it. When they started talking about pounds of tapes rather than numbers of them, I just had to laugh. I'm waiting for them to announce the Jet Motor.
5) Company is privately held, essentially, and easily manipulated. Owner just traded his common for preferred which has all the voting rights. So, common holders are powerless stooges, like SPNG.
So, I may well be wrong but I'm willing to bet on it.
HIHO($4.73) Momo rocket of the day up 60%
Order for Plastic Components From Leading U.S. Printer Company
Complements Its Existing Relationship as Metal Components Supplier
GlobeNewswire
Highway Holdings Limited 2 hours ago
HONG KONG, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Highway Holdings Limited (HIHO) today announced it has received three tooling orders designed to produce plastic components for printers offered by a leading U.S. printer company.
"This new additional business represents an expansion of an OEM relationship that has evolved since 2007. We are gratified by the confidence of our customer in the company's quality and capabilities and look forward to further opportunities to expand our valued-relationship," said Roland Kohl, president and chief executive officer of Highway Holdings.
Kohl noted that the commencement of plastic component production represents a significant strategic opportunity to expand the relationship with this prestigious customer, which to date has only utilized Highway Holdings' metal component manufacturing services. "We are now well-positioned to leverage our established metal parts supplier relationship to expand and become a leading plastic parts supplier for this customer in the near future. This is particularly significant since the plastic components business is much larger than metal components and the opportunities for future growth much greater," Kohl said.
C
Am I ahead?
C
Am I ahead?
RFIL (11.25) Good day for the shorts
Dumped down 18% so far today.
ELTK (2.25) Today's Seeking Alpha Pump
Has been as high as 2.93. Sold half of mine at 2.43.
INXSF(.21) Nice quarter making a bit above .02
http://finance.yahoo.com/news/touch-survey-systems-ltd-announces-210100811.html
UPG Going Dark
UPG has always been just an enrichment vehicle for the Tan's and I guess that greedy bunch just decided to stop playing the game.
COPPELL, Texas--(BUSINESS WIRE)--
Universal Power Group, Inc. (NYSE MKT: UPG), a Texas-based distributor and supplier of batteries and related power accessories, and a third-party logistics provider, today announced that its board of directors has determined to voluntarily delist the Company’s common stock from the NYSE MKT and voluntarily deregister from the reporting requirements of the Securities Exchange Act of 1934, as amended (“Exchange Act”).
In order to accomplish this, the Company expects to file on or about October 31, 2013 a Form 25 with the NYSE MKT and the Securities and Exchange Commission (the “SEC”) to voluntarily delist its common stock from the NYSE MKT. Thereafter, the Company expects to deregister the Company’s common stock from Section 12 of the Exchange Act and to suspend the Company’s reporting obligations under the Exchange Act. The Company is eligible to suspend these reporting obligations because it has less than 300 shareholders of record.
It is expected that delisting will take effect on November 11, 2013, and at that time the Company’s shares will no longer be traded on the NYSE MKT. Upon termination of the registration of its common stock, the company's securities will not be eligible for trading on any national exchange or the OTC Bulletin Board.
SYEV (.60) Has been strong. Guess this was leaked...
Seychelle Plans Immediate Major Expansion into China and Japan With Radiological and pH Enhanced Filtered Products
Sales over $114,000 in US Test Market for New 20 oz Clear FDA Approved Plastic Sports Bottle With Reorders Exceeding $140,000
Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle) (SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several key announcements today.
Carl Palmer, Founder, President and Chairman, just returned from a three week trip to China and Japan and said, “We are now ready to capitalize on the growing awareness consumers have about the quality of their drinking water with portable filter systems that remove up to 99.99% of water borne contamination including radiologicals such as cesium 137, plutonium, radium and uranium; as well as new pH enhanced filters that improve hydration.” He said that he “spent time visiting with potential new customers in seven major cities in China and Japan.” Mr. Palmer also indicated that he “met with major distributors who sell to hospitals, medical clinics and pharmacies as well as large retailers, catalog houses, merchandisers, distributors and TV Infomercial marketers.”
As a result of this trip, he said that: “Seychelle will launch on several fronts including the creation of a TV Infomercial in Japan with our Joint Venture partner, Sterling Global HRC, featuring radiological filters in our new 20 oz pull-top sports bottle. We believe that this is the fastest way to penetrate the market and increase public awareness. Based upon the success of our TV efforts, we feel that retailers will be more than anxious to stock our products.” Mr. Palmer went on to say that he “also spent time looking for new product ideas and production sourcing opportunities in China and Japan so that, when we start selling in those markets in the third quarter, we can achieve economies of scale by producing some bottle parts locally; thereby reducing long-distance freight charges.”
Dick Parsons, Chief Executive Officer, announced that: “We began test marketing our new 20 oz pull-top sports bottle in the US two months ago with a direct TV sales program. The new bottle design is such that you can hold it vertically, squeeze and drink while walking, riding a bike or driving a car – and keep your eyes on the road! It comes in Clear FDA approved plastic in four different colors. The initial test market was for two weeks and produced over $114,000 in sales. Reorders for additional TV shows featuring this new bottle have exceeded $140,000 to date. Based upon the success of this test, we are considering making an Infomercial in the US for this bottle as a faster way of going-to-market.”
Mr. Parsons added: “We also have had new distributor inquires from companies in India, Russia, Brazil and the Czech Republic. We are currently exploring those opportunities.”
AYSI: Prithee crocodiles eat all of them
They've always been kind of shady in their dealings with stockholders and this shows their true colors.
TATT (6.95) New article on Seeking Alpha
http://seekingalpha.com/article/1650492-tat-technologies-new-ownership-and-resolved-headwinds-present-compelling-upside?source=yahoo
IB has shares available to short today
For those interested....
Cliff/Lentinman: I miss him, too
I loved the interactions we had on this board and others. He clearly possessed an exceptional intellect.
I do partially understand his rationale but sure wish he had chosen a different birthday if he had to do it...maybe 75.
I wish one of those great loves he mentioned on his exit website had ended up with him - maybe a different ending - but who knows?
In any case, a toast to someone I and many, many others will miss:
"To live in hearts we leave behind is not to die.” Thomas Campbell
RIP Lentinman - he committed suicide today
I wish I was kidding. I thought I was going to read a sports stat post at 7PM but what he posted was very different and sobering indeed.
http://martinmanleylifeanddeath.com/why_suicide
IEHC ($3.10) Nice quarter .23 vs .14
Oops, KIK beat me to it. I paid 3.05
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9451530-1049-94527&type=sect&TabIndex=2&companyid=1711&ppu=%252fdefault.aspx%253fcik%253d50292
OT: Bobwins That is so hopeful!
I'm thinking of everyone with spinal injuries and how this could improve their lives.
Thanks for sharing this!
ALCS: Love those balance sheet beauties
They seem to get bought out a lot
AYSI: I had the same problem finding investor info
Previous releases refer to investor data accessible from the "About AYSI" page but it isn't there...or anywhere that I can find.
I emailed the company about it last week and got no response.
Anyone see where the investor info wandered off to?
JBII: Just trying to make it to the next PIPE
I'm of the opinion that JDII is not, never was, and never will be intended to be a viable business.
Just a stock-printing scam from day one.
I made bank shorting this a couple years ago but the triumvirate had all my posts removed. I guess I should thank them for pumping while I was shorting.
VSR ($4.83) hitting multi-year high on contract news
Versar Inc. Team One of Ten Teams Awarded Environmental Remediation and Military Munitions Response Services Contract
SPRINGFIELD, Va., July 17, 2013 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced that it is a member of the RMC SoundEarth, LLC team that has been awarded one of ten Multiple Environmental Government Acquisition (MEGA) contracts for Environmental Remediation Services (ERS) and Military Munitions Response Program (MMRP) Services in support of the US Army Corps of Engineers, Omaha District. The maximum estimated combined total value of all ten contracts awarded will not exceed $250,000,000. This contract consists of a three-year base ordering period with one two-year optional ordering period. Work will be performed at various locations nationwide, and may include Alaska, Hawaii, and US Territories.
Tony Otten, CEO of Versar, Inc., said, "We are very pleased to continue our extremely successful relationship with USACE, and with RMC Consultants, Inc. and SoundEarth Strategies, Inc. – two exceptional small businesses – on this important environmental and munitions contract. Versar's experience in MMRP support and environmental remediation services, combined with our strong nationwide presence, will aid the team in providing quality, efficient solutions to USACE. This MEGA Contract continues to demonstrate Versar's commitment to supporting the United States Government in achieving its critical environmental goals."
TCOR(.24) Deep, illiquid value waking up?
TCOR has been a Graham stock for years. I have some shares so old they have whiskers on them.
The company has tangible book close to .90. They made about .02 last year after netting out a one-time gain but have made .035 in the first 6 months this year.
After being practically dormant from the shareholder-friendly action point of view for years, some positives have shown up lately.
1) Earnings have improved.
2) They acquired a company at the end of 2012 by issuing stock valued at .30. This resulted in about 20% dilution but may be the reason earnings are better. Can't tell from the limited financial they release between audited annual reports.
3) They branched out into a fracking fluids business which they took 100% interest in as of 9/2012.
4) In the last 2 months, they released audited 2012 (ending 9/2012) results plus the first 2 quarters of 2013. This after no news for 9 months.
5) They foreclosed on a loan to a former officer, taking a property with a book value of over $800K to satisfy a loan half that size. (P.14 of audited financials). The current value of the property may be lower, of course - hard to say.
6) They got the main debtholder, Harold Estes, to relax his grip on their throat. Estes had been renewing his note on an annual basis at high rates. In 2012, he agreed to lower the rate (it's adjustible so may go up later) from 8.5% to 4.65% and extend the term to 6 years. (P. 18 of report).
This is more than we've seen from TCOR in the past 8 years combined, I think.
Here's the annual report: http://treeconresources.com/wp-content/uploads/2011/07/2012-Treecon-Audited-Financials.pdf
..and the main website: http://treeconresources.com.temp.realssl.com/
LGL($6) up nicely on potential buyout
LGL to Review Initiatives that Enhance Shareholder Value
Announces Warrant Dividend to Shareholders
Press Release: The LGL Group, Inc. – 15 hours ago.. .
ORLANDO, Fla.--(BUSINESS WIRE)--
The LGL Group, Inc. (NYSE MKT: LGL) (the “Company”), a globally diversified holding company with a history of operations dating back to 1914, today announced that it has been approached by an investment group interested in acquiring certain parts of its sole operating subsidiary, M-tron Industries, Inc. (known as “MtronPTI”), a designer and manufacturer of advanced frequency control components for the Aerospace, Defense (“Aero/Defense”) and Internet Communications Technology (“ICT”) markets.
“As we continually review our operations, we will consider building value through organic developments, partnerships and joint ventures. We will carefully explore opportunities that are economically attractive to stockholder value creation,” according to Greg Anderson, LGL’s President and Chief Executive Officer.
“As the industry rapidly evolves to meet global demands, we continue to make R&D investments in potential growth areas within our target markets. However, market dynamics remain challenging, with notable price pressure, the lingering effects of uncertainty in U.S. government spending and cautious infrastructure spending patterns. It makes sense that a company such as MtronPTI, with a strong brand history and blue chip customer position, should consider the best alternatives for its stakeholders as this industry consolidates. We believe we can be effective in consolidating part of the market, and we are proactively exploring all options, which may include joint ventures, selective acquisitions, divestitures, and furthering efforts to gain efficiencies,” said Mr. Anderson.
The Board of Directors has organized a special committee to work with MtronPTI management to consider every reasonable option presented, as well as other value-enhancing opportunities. LGL Chairman, Marc Gabelli, said, “While the potential to sell MtronPTI may be present, the Board will assess LGL’s overall value creation efforts. Being approached by an interested party puts in motion a process to surface values. We are a publicly-traded micro-cap designer and manufacturer with a long history of competing globally through innovation. We must be positioned to grow and our stock price is essential in that context.”
LGL Board of Directors Approves Warrant Dividend to Stockholders
LGL also announced today that its Board of Directors has declared a special dividend to stockholders in the form of warrants to purchase shares of the Company’s common stock at $10.00 per share, to be issued on or around July 15, 2013, to stockholders of record 4:30 p.m. ET as of July 1, 2013 (the “Record Date”). Each stockholder of the Company’s common stock will receive one warrant for every ten shares of common stock owned as of the Record Date (with the number of warrants rounded up to the nearest whole number). The Company intends for the warrants to be listed and traded on the NYSE MKT separately from the common stock, subject to NYSE MKT approval. Each warrant will have a three-year life and will entitle the holder to purchase one share of the Company’s common stock at $10.00 per share. The warrants, in the aggregate, will be exercisable for approximately 265,000 shares of the Company’s common stock.
The Company intends to issue the warrants and offer the common stock issuable upon exercise of the warrants pursuant to its shelf registration statement on Form S-3 (Registration No. 333-169540), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 4, 2010. The shelf registration statement permits the Company to offer and sell from time to time, in one or more public offerings, any combination of its common stock, warrants or units. The specific terms of any such offering will be established by the Company at the time of each offering, subject to market conditions, and will be described in detail in a prospectus supplement that will be filed with the SEC at the time of the distribution.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the securities laws of that state or jurisdiction. Any offer of securities covered by the shelf registration statement will be made solely by means of a prospectus included in the registration statement and a prospectus supplement with respect to such offering.
Mr. Anderson commented, “We are pleased to return a portion of the Company’s future value to our stockholders through this warrant dividend. We see this action as another step in our efforts to enhance stockholder value.”
LGL’s Stock Repurchase Program Remains in Place
As previously announced, on August 29, 2011, the Company’s Board of Directors authorized the repurchase of up to 100,000 shares of the Company’s common stock. As of March 31, 2013, the Company had repurchased a total of 50,454 shares of common stock under this program. Subject to certain safe harbor rules, the timing, amounts, and manner in which the Company can repurchase shares is tied to prevailing trading volumes and other limitations.
LGL’s Chief Financial Officer, LaDuane Clifton, said, “The Company’s stock repurchase program is a fundamental tool for providing value to stockholders. Although we are generally limited to 25% of the average daily trading volume based on the most recent prior four weeks, the Company intends to complete the repurchase program as volumes and circumstances allow.”
In addition, the Company expressed its intention to file a new shelf registration statement with the SEC to replace its existing registration statement, which is set to expire later this year in November, subject to SEC review and comments. “Keeping the flexibility to quickly access the capital markets through availability with a shelf registration is just one of the tools that we need in place when the right opportunities coalesce for investment,” said Mr. Clifton. “We want to administratively keep our options open with a balance sheet and capital structure that will support value creation.”
HIHO(2.24) at it again - up 30%
No news that I see
AVTC threatening Seeking Alpha author
Who do they think they are, JBII?
http://seekingalpha.com/author/alan-brochstein/instablog
AVTC: Negative Seeking Alpha piece out
http://seekingalpha.com/article/1463971-investors-should-avoid-avt-inc?source=yahoo
Nelson: Probably a good short
That said, I'm not shorting - still selling inventory.
Didn't short but sold some of what I had
....at 2.49 and 2.74.
Have more offered at 2.99.
Update: Those went - now offering more at 3.24. Come an' get 'em!!
HIHO (2.65) Circuit Breaker Halt up 55%
On news of a relatively small order...
HONG KONG, May 23, 2013 (GLOBE NEWSWIRE) -- Highway Holdings Limited (HIHO) today announced it received a multi-year order for vacuum cleaner components valued at approximately $400,000 per year from a leading international appliance manufacturer.
Production has already commenced, and an initial order of approximately three million components has been delivered to the customer for vacuum cleaner kits that require nine different plastic parts manufactured by Highway Holdings.
"We are gratified by this leading OEM's confidence in our capabilities and quality and look forward to additional opportunities to work together," said Roland Kohl, president and chief executive officer of Highway Holdings.
AM.TO Halt might be news either way on the Ford contract
BTW, Canadian halts are always too long and poorly managed.
GV Backlog $32M
Backlog decreased to approximately $31.9 million as of March 31, 2013 , from $70.6 million as of March 31, 2012 .
ELTK: Someone wants a lot
70K shares bid at 1.20. That's about a week's normal volume.
SKAS was up 40%+, now down 14%
Pump sure didn't work for long
GLMB: Replay/Transcript Info
Thank you for registering with Cliq2Talk.
We have posted a transcript of our webcast at www.globalmobiletech.com. Please click on link below.
http://www.globalmobiletech.com/en/html/Files/TRANSCRIPT%20OF%20EARNINGS%20CONFERENCE%20CALL-april%202013.pdf
If you wish to listen to the webcast, please go to
http://www.globalmobiletech.com/en/html/investrels/webcast.shtml
His English was mostly understandable but not great.
The old guy's enthusiasm was ....er, well under control. Snore......
GLMB call started about 5 minutes late. Lasted maybe 15 minutes.
They are going to post a replay in the investor section of their website later tonight, they say. They also said they'd hold regular calls going forward.
Not much info on the call. Mostly scripted, nonspecific responses to about 10 questions plus rereading the PR info.
For example, one question was whether they have a plan and timeline for listing on a higher exchange. The answer was something like "We have a plan and a timeline. It's a process and we'll announce developments as they occur."
Wade/WIRX: Dunno, saw the same PR you did
WIRX($1.40) had a whopper quarter.
Going to relist. Tangible BV over $2.
HUNTINGDON VALLEY, Pa., April 23, 2013 (GLOBE NEWSWIRE) -- The Wireless Xcessories Group, Inc. (WIRX.PK), a nationwide manufacturer and distributor of electronic and cellular accessories, announced fourth quarter 2012 results ending December 31, 2012.
SALES
The Company reported fourth quarter revenue of $12,462,110 compared to $6,417,450 for the same period in 2011, or an increase of 94.0%. Full year comparisons were revenue of $40,243,548 compared to $22,351,300 for 2011, an increase of approximately 80.0%.
Income (Loss) from Operations
The Company had fourth quarter Income from operations in 2012 of $323,453 or $.08 per share compared to an operating loss of ($14,089) or $0.00 in 2011.
Full year comparisons were Income from operations were $806,095 or $.20 per share in 2012, compared to a loss of ($163,657) or ($.04) in 2011.
Other Income
Which includes principally realized gains from investment income and interest income in the fourth quarter 2012 was $120,900 compared to $252,222 in 2011.
Full Year comparisons from realized gains from investment income and interest income were $164,370 in 2012, compared to $ $398,043 in 2011.
Net Income Comparison
The Company had a 2012 fourth quarter net Income of $284,162 or $ 0.07 per share, compared to $135,848 or $0.03 per share in the same period for 2011.
Full year comparisons were a net income of $584,044 or $.15 per share in 2012, compared to $133,600 or $0.03 per share in the same period for 2011.
Key Financial Comparisons
The Company had working capital of approximately $8.1 million, on December 31, 2012 and total shareholder equity was approximately $8.4 million as of December 31, 2012.
Management Comments
Steve Rade, CEO stated, "Our 4th quarter results were helped by the increased sales volume of OtterBox, Incipio, and Trident phone cases, as well as the continued success of our proprietary line, Upwardly Mobile Accessories."
Our Vendor Managed Inventory program grew with the addition of a number of multi-location Verizon dealers.
We expect to submit an application to the SEC for the relisting of our shares in the 2nd quarter. A press release will be issued at the time of our SEC application.