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Since we are going down memory lane ...
It was BobWins who got me addicted (even though I am mostly a lurker). I found he had a stock I had and was posting on RagingBull so I followed. When I posted about my holding BW suggested another stock - MDPA (a company that provided Medicare Advantage plans in Florida). Being in my early 40s then, Medicare was a term I only heard from my parents. A little financial research on my part yielded no confidence. Then I looked at the Board of Directors.
Billy Bulger, former president of the Massachusetts state senate and younger brother to Whitey Bulger. Immediately my thoughts were, if he's in it it's a gold mine. I bought and bought big. MDPA wasn't a home run, it was a grand slam. Then came Now Auto - used car sales with GPS installed sold to undocumented drivers. Another grand slam. Ah, but then there's GFCI and about a dozen others that always bring me back to reality.
Over the years I've come to drink the Harry (Hweb) cool-aid - buy a little too late, sell a little too early. I enjoyed Lentinman's rants, very sad to learn of his final disposition. Today, when I watch the Big Bang Theory Sheldon Cooper reminds me of Lentinman. Also, I miss Kozuh (I think he got under Hweb's skin).
Bobby, Harry - thanks. Keep it up. Oh, I am now a consumer of Medicare.
TAM
RE: ARTW - I'm playing, holding, and waiting to get whacked on the head for being greedy.
T - I've been buying. Putting bids in at $14.94 not expecting to get anything. Been filling all morning. I like SSKILLZ1 wisdom - "get paid to wait". Of course, Will Rogers is looking over my other shoulder, "It's not the return on your money that should concern you. It is the return of your money."
TAM
RE: FRD
Well, I am confused. CEO speaks glowingly of the acquisition and the prospects of larger markets (Midwest), excess inventory that could prove lucrative, new equipment that makes better products, employees that are hard to find, etc. He's almost giddy in the PR.
Yet, numbers were ho-hum to put it nicely. I would even say "disappointing numbers" considering the huge increase in revenue. I may cut them slack as there are costs associated with merging an acquisition that may have reduced earnings - but just for this quarter.
But then, buried down below the numbers, he says prices have dropped; 25%. Clearly, opposite of "inflation".
So, I don't know. But, I have such a small amount I will hold.
TAM
FORD -- Thank you. I sold half today at $2.55. I bought several weeks ago on the WIHWB method -- What Is HWeb Buying.
I'm intrigued with today's announcement. Not so much on what transacted but on who's behind it (AB InBev). "ZX Ventures is a global growth and innovation group within AB InBev, the world’s leading global brewer and one of the world’s top five consumer products companies. Launched in 2015, our mandate is to develop new products and businesses that address emerging consumer needs.
ZX looks more like a venture investment company than a true product development company. They may provide inspiration, vision, and cash but they leave the heavy-lifting to companies like IPS. Sounds like an investment will follow or an acquisition. That may have been the reason for the large spike on small news.
TAM
bbotcs -- Thanks! -- Second opinions are always welcomed.
(OT) I see your InvestorsHub born on date is 12 minutes after me. Did Buffalo Bobby BobWins, Prince Harry Hweb, or Jester Kozuh pull you over from RagingBull as they did to me?
TAM
GRPN -- 3 bagger
Wade,
I've been playing with Groupon for several years. Mostly selling covered calls or naked puts. The premiums have been well north of 3% per month, sometimes 7% to 9% per month.
Because of this, I have been following GRPN closely and now I think it's due for a breakout. As such, I have been accumulating shares and not writing the corresponding calls. Still selling the puts and if "put to" not minding at all.
This is a turn-around play. They've drastically reduced overseas operations. Focusing on higher margin sectors (services). Over $700 million in cash. $2.8 billion in revenue, $1.33 billion gross profit. Cash flow positive, showing a profit. In short, now firing on all cylinders.
Another indicator is option premiums. They are well below what I have been accustomed too and enjoyed. Now I am seeing 2% to 3%. This indicates that there's little belief in the downside.
Something to chew on.
One disclaimer -- I've never used GRPN's services. To put this in better perspective -- I still use a flip-phone.
TAM
Director Shakeup:
Swanlinbar, I don't have the official reason but from experience directors are asked to resign when a new investor(s) buy in. I suspect new money has flowed in through the exercise of warrants (preferred shares). There's an old saying, "he who pays the Piper calls the tune."
TAM
Fully Diluted:
According to the Q1 10Q they state 198,306,395 fully diluted shares (03/31/18). The FY17 10Q states 189,895,315 fully diluted shares (12/31/17). It's been 48 days so I'll take your conservative 250 million as my denominator value.
TAM
Sounds like you're correct. Here's a mouthful from the 10Q:
13. Long-Term Financing Obligation
On December 22, 2011, we entered into an agreement with an independent third-party under which we sold and leased back our land and building generating gross proceeds of $2,000,000. Pursuant to a lease agreement, the initial minimum lease term is 15 years. At the end of the initial minimum lease term, we have the option to renew the lease for three periods of five years each. In addition, we provided, as collateral, a security interest in all furnishings, fixtures and equipment owned and used by us, having a net book value of approximately $0 as of December 31, 2017. For accounting purposes, the provision of such collateral constitutes continuing involvement with the associated property. Due to this continuing involvement, this sale-leaseback transaction is accounted for under the financing method, rather than as a completed sale. Under the financing method, we include the sales proceeds received as a financing obligation. As of December 31, 2017 and March 31, 2017, the total financing obligation was $1,986,000, respectively, and accrued interest on financing obligation was $176,000 and $172,000, respectively. Through December 2018, interest on the financing obligation exceeds the minimum lease payments, accordingly the principal remains constant through that date. After December 2018, the minimum lease payment will exceed interest and principal will be reduced by the excess of minimum lease payment over interest. The building, building improvements and land remain on the condensed balance sheet and the building and building improvements will continue to be depreciated over their remaining useful lives. Payments made under the lease are applied as payments of imputed interest and deemed principal on the underlying financing obligation
Interesting. 10-Q shows a building worth $2.7M on land worth $500K as an asset. I thought we had concluded they had sold the building.
If I were to reach for threads of hope they would be:
- Revenue is up 23% for the quarter compared to same quarter last year
- Revenue is up 11% over 9 months compared to same 9 months in 2016
- Someone has the confidence to prepay for products -- $338K
- They granted themselves a boat load of options priced at 6 cents
- 21.491 million shares outstanding (30M with exercise of options - guessing)
TAM
On the conference call they kept mentioning over 200,000 shares repurchased of the 1,000,000 shares they are targeting. I see on July 26th a large number of shares traded hands. I suspect that was them buying. If so, we'll see that in the Q3 10Q.
TAM
I believe all dollar amounts are "thousands of dollars". Look at ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. It looks like they bought 4,224 shares in June and have $996,058 left under the plan.
TAM
MHH - something has to be brewing ...
I got out so it's free to fly to the moon. Good news for you Hweb. Bad news is I'm in TIXC. Expect the worst; dividend cut, stock implodes like a black hole.
Can't complain, made 20% on MHH. Only looking for the same with TIXC then I'll do the Al Bundy -- "28, 29, 30, I'm out of here Peg."
Now for a serious moment, I like TIXC's cash position and they are still accumulating cash, although last Q's cash intake isn't enough to cover the dividend. The fact that they are hiring to support the Expedia partnership is interesting too. Looking to exit at $2.20 or so. If not, I'll take the dividend even if it is cut in half.
TAM
Hweb2 -- joined you on MHH
I'm not sure that's good news for you. I had extra cash after selling SLGD just before the recent breakout. That's my MO -- buy high sell low. Not sure I've put the whammy on MHH.
Then again, I'm not betting on MHH -- I'm betting on Hweb.
TAM
SIMFF and you remind me of ...
Now Auto, NAUO or NAUA or something like that. The used car dealership in Arizona that sold cars with embedded GPS systems. When their buyers missed a payment they repossessed the car and sold it again -- quickly.
I was holding my nose when I bought that but, boy-o-boy, did I make a killing. If memory recalls, you had 'x' times more than I.
Well, SIMFF is interesting. Why would people invest in 3G when there's a sunset on the horizon? Then again, if Buffalo Bobby Wins is in so is Alice.
TAM
Harry Webster's not a nut. He's the blind squirrel that alwyas seems to find the nut. I've been following Harry and his cousin Bobby Wins-Fall since the Raging Bull days. I can list several little nuts that have blossomed into giant beanstalks. Then again, 5 Million shares? I thought I was out of my tree hording 500K of this DitR (Diamond in the Rough) or PoS (Piece of Shinola). Hey, if I knew which it was it wouldn't be fun.
TAM
RNWEY - Thoughts
First thought is stock on Oslo exchange (REC) is trading at NOK 2.37 which converts to .30 US. Why the large price difference? Does RNWEY reflect 1 to 1 value with REC?
Second thought is there are billions of shares out there.
TAM
Someone's fired-up the printing press. Expect news that O/S has gone up substantially. Whenever Verges comes out and says there's a short squeeze that means he's printing.
BTW -- those that believe this is a short play, please tell me how. For the life of me I can't seem to short this pig.
TAM
This is what I like best about the 1/200 RS ...
From 10K:
As of November 22, 2010, the registrant had 914,553,137 shares of common stock outstanding.
From 8K Finalizing 1/200 RS:
Upon approval of FINRA, the Company will effect the reverse split on December 27, 2010. Prior to the reverse split, the Company had 1,998,553,326 shares of common stock issued and outstanding. After the reverse split, the Company will have 9,992,930 shares of common stock issued and outstanding.
TAM
The skeaky wheel gets ...
the earl.
One of the tidbits of wisdom my Mother gave me when I was a little kid. I never really knew why she said it that way. She grew up in the city of Boston. She did spend time in Texas when she was a WAF.
TAM
Dow 7,000, Oil $155, Gold $2,000
Which one of these ...
"... things is not like the others,
One of these things just doesn't belong,
Can you tell which thing is not like the others
By the time I finish my song?"
Who the hell let the riff-raff in?
Northern vs TheAliceMay
ABH3VT vs Bobwins
Stiffler vs DanLC
R59 vs KIK
I'm not sure if we can chalk this up to the broken-clock rule:
"even a broken clock is right twice a day"
TAM
OT Koz:
I noticed that www.investorshub.com no longer works. I have to use investorshub.advfn.com. May have something to do with the boards you are not seeing.
TAM
Palacian, Good Point.
I'm feeling better. I'm back to feeling like I've only been screwed.
On the other hand, it doesn't make sense why that letter was sent. It doesn't give financial data, therefore, sticking to the end of a quarter or end of a year doesn't apply.
TAM
Palacian:
Not sure that makes me feel any better?
i-Box indicated 1.6M shares outstanding. Looks like it was only off by a factor of 200.
TAM
Yes, Very Interesting Read on PinkSheets.com
"Bederra, Corp. is a State of Texas company incorporated on February 29, 1979. The authorized capital of the corporation is 400,000,000 at $0.001 par value. As of the date of this opinion, 257,888,834 shares are issued and outstanding."
It's from a letter written to PinkSheets.com from Bederra's Legal Counsel. The letter is dated February 17, 2009.
Read all about it:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19590
TAM
TCNH: Spinoff of MRKL
MRKL has been a very very good capital loss stock for me. I've lost complete confidence in MRKL and TCNH. I've been following this stock for 4 years. I am suspect of the statement "a majority ..." To me that means $11.5M and 1 cent. That puts you at 51 cents a share.
TCNH will need cash to continue. Like MRKL the one thing they are very good at is burning cash -- mostly in the form of executive compensation.
On the "maybe it's for real" side, the insiders have been buying and own a majority of the company. The daily volume makes it difficult to pick up shares without overpaying. Likewise, the daily volume makes it difficult to unload.
This is an "I'll believe it when I see it" stock.
TAM
More Hmmm?
Looks like I didn't mind the 25 cent rule. Will be sending new picks soon.
TAM
Hmmm again?
Need to mind which board I'm talking on. That was a Beat the Tank message.
TAM
More Hmmm?
Looks like I didn't mind the 25 cent rule. Will be sending new picks soon.
TAM
OT: "Koz says SOEN.ob is the best "solar power play"
for 2008 !!!!"
I'm taking those words to the bank. Looks like the kids are going to Haaaarvaaard.
TAM
Threes: GRGR.pk
Not sure if it is a ZCC. It does kill "two birds with one stone." Construction debris is a huge problem. States are limiting or outlawing the burning of such debris.
This means that in addition to selling the waste they can charge to collect the waste. It all comes down to efficiencies. What is the "net" when it is all said and done.
For an investor it may also be a "two birds" stock: 1.) It may make you a lot of money; 2.) you're saving the world.
I don't currently own GRGR. I didn't own it in the past and made some money. If I remember correctly, I bought it when it was call New York Log and Timber or something like that.
I've got it on my watch list.
TAM
NSOM Challenge:
AYSI.OB DFNS.OB TTGL.OB: After completing six PSL challenges I've come to the conclusion if you can find good picks steal them. My favorite website is www.sec.gov and I enjoy reading financials, so I also came to the conclusion that these look like good value plays. I think I stole these from HWEB, Kozuh, LittleFish, and I apologize if they only echoed opinions of others.
MDF -- MDF (F/K/A MDPA) is a sentimental stock. I was holding AHOM for many years when this blok named BobWins posted a message on the AHOM Ragingbull page. He mentioned MDPA. Being thoroughly pissed off at AHOM I sold all my AHOM and bought lots and lots of MDPA. That bugger went from 20 cents to over 2 bucks. I sold it all. Re-entered MDF when it dipped under $2. I think this is a $5.00 stock if they can execute on their HMO.
SUWN.OB -- BobWins pick. Been in, Been out, Been In -- Been very very good to me.
MOT -- Don't own the stock but own boat-loads of call options. Looking very very good. MOT is up 10%. May only see a 15% to %25 percent gain during the contest but the options should see 100% to 300% gains. Even if MOT finishes green it will be better than any pick I've ever had in a PSL contest.
TAM
MSGI:
I don't. Kozuh has over 300 stocks, 298 of them we hear about daily. I think I have all his "kennel" stocks -- woof woof. Having said that, I still think the mighty Koz will save the day.
Should I be looking at QID and DXD? No need to answer, I'm on it.
TAM
Littlefishl: AYSI
Earnings look superb for a Value Added Reseller (VAR). From the 10QSB:
"Alloy Steel had no material operating expenses other than selling, general and administrative expenses for the three and nine months ended June 30, 2007 and 2006." ...
"Our operating expenses consist primarily of management salaries, marketing expenses and travel expenses."
It sounds like, from your message, they are trying to move from VAR to manufacturer. That is significant.
I'm long and strong. I have this one in my "Ha-Weeeb" portfolio.
TAM
UFOG: Kozuh
I've got a bunch. Another penny and my nose will be above water. It's one of my holdings in my "Just be Koz" portfolio.
TAM
My Six: New Strategy with PSL6
I only picked stocks I hold.
CASH -- This is really my wildcard. For some reason it never seems to go down. Could be my best performer. Thinking of putting a "freeze" on this thing come Monday.
HAUP -- Trading at 1/2 of sales. Excellent fundamentals. I believe this should be north of $10 and in the $20s. Unlike NMKT.OB (see below) this company is very quiet. Don't look behind the curtain and see all the insiders selling.
NMKT.OB -- Trading a 1x sales, technology company with presence in South America and China. Been following this stock for 4 or 5 years. This is a trading stock. It will move over a $1.00. The question is when? I think it will happen sooner rather than later if the CEO can keep his hands in his pockets and stop writing PRs. In the vernacular of chat groups the CEO needs to STFU!
RMTR -- I like the fundamentals and revenue growth. All I'm looking for is a double and I think this one can do it.
SUWN.OB -- This is my real wildcard. I picked it because Buffalo Bobby Bobwins is in it. He and his sidekick HWEB have made me a lot of money. Unfortunately, I give it all back with my own bonehead picks.
WGA -- I think I found this one is a Bowser Report. Trading at 1/2 of sales. I always like this one and traded in and out a couple of times.
TAM
cta751:
Not sure where you found the O/S numbers? The O/S equals the authorized of 500MM. The Series F preferred have the effect of bring the O/S to 1B shares.
You'll find more information about MRKL if your read the SEC filings for TCNH. Here's a good start.
http://www.sec.gov/Archives/edgar/data/1077800/000101968707000749/technest_sb2a1-031407.htm
You also need to investigate the Series E preferred shares. The only asset of value MRKL owns is TCNH stock. MRKL is nothing but a shell. Here's a breakdown of the TCNH shares held by MRKL.
10,582,000 -- MRKL's TCNH shares
4,640,194 -- Escrowed for Series E Conversion
1,739,130 -- Escrowed to secure TCNH loan
500,000 -- Grants to Tarini
500,000 -- Grants to Pereira
----------
3,202,676 -- Remaining Shares
TAM
Aw Shucks!
Now I've got to go the to attic and find that dart board.
Next post will contain really really really good picks.
TAM