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I like how on the conf call they laid out a series of catalysts. So far they seem to be following through on the earnings. Now they follow through on the board. They are moving along nicely and have several others that they proposed could be achieved within 90-180 days of that call. I think they are not only building a firm, but solid credibility. I like that.
do u know the timeframe for filing a 13d? his purchase would amount to about 2.5mm shares. most of the large volume purchases were done in late march through april.
the good thing is the board lays a solid foundation for the 4 catalysts (hiring CEO, announcing 2 new partnerships, reverse split and better exchange listing).
toss in the earnings growth and low valuation and we've got a top VMC pick.
definitely good news. they are laying the foundation to achieve the four catalysts mentioned in the conf call. a board will provide oversight and it looks to be an independent board as well. a new ceo is around the corner. so is a higher stock price.
did u see the part where the chairman said he bought more than 5% of the stock in the open market. that's $1.5mm. that's a huge vote of confidence in the company.
not much talk about EGMI on the VMC board. The company has been fairly radio silent. in their conf call they mention four catalysts (new CEO, new relationships, reverse split and better exchange listing) that hopefully will come online in the next 90-180 days. if they keep up their earnings growth and hit a couple of those catalysts we may finally have the basis to get over the $1 mark. patiently waiting.
nice move over last two months. I'm waiting for the four catalysts to come through (CEO, new partnerships, reverse merger, listing on better exchange). I'm expecting over a dollar after these four. wonder if it can be done before next earnings. I will take two of four before earnings.
egmi slowly moving upwards from its lows 2 months ago. still trading below 6x earning based on co's projections.
i'm awaiting the four catalysts they mentioned: hiring CEO, announcement of two new partnerships, possible reverse merger, and amex listing.
they have been moving nicely w/ no help from scientific games as a licensee. I think that is a broken relationship given the outstanding review of their product as "Lottery product of the Year" in 2005 and no new state lottery sales announcements since the few trials. that's why they ascribe only marginal license fee from sci games. two more years of exclusivity and than they can distribute in americas and italy with others. sci games is working on their own technology and is probably using the agreement to tie egmi up. sounds a bit dirty, but egmi was probably desperate.
egmi slowly moving upwards from its lows 2 months ago. still trading below 6x earning based on co's projections.
i'm awaiting the four catalysts they mentioned: hiring CEO, announcement of two new partnerships, possible reverse merger, and amex listing.
they have been moving nicely w/ no help from scientific games as a licensee. I think that is a broken relationship given the outstanding review of their product as "Lottery product of the Year" in 2005 and no new state lottery sales announcements since the few trials. that's why they ascribe only marginal license fee from sci games. two more years of exclusivity and than they can distribute in americas and italy with others. sci games is working on their own technology and is probably using the agreement to tie egmi up. sounds a bit dirty, but egmi was probably desperate.
egmi slowly moving upwards from its lows 2 months ago. still trading below 6x earning based on co's projections.
i'm awaiting the four catalysts they mentioned: hiring CEO, announcement of two new partnerships, possible reverse merger, and amex listing.
they have been moving nicely w/ no help from scientific games as a licensee. I think that is a broken relationship given the outstanding review of their product as "Lottery product of the Year" in 2005 and no new state lottery sales announcements since the few trials. that's why they ascribe only marginal license fee from sci games. two more years of exclusivity and than they can distribute in americas and italy with others. sci games is working on their own technology and is probably using the agreement to tie egmi up. sounds a bit dirty, but egmi was probably desperate.
This makes me so proud to be American...
Others blame the president. “It’s Bush’s fault,” said Lexus owner Kimberly Einstein. “Instead of spending all our money in The Iraq and you know, like such as South Africa, actually, and the Asian countries we should use it to help U.S. American SUV owners, I personally believe.”
OPAI - Financing the new plant was my main concern. They would need a facility to accomodate a 5x increase in sales. Why build so big? Their numbers right now look very nice. One concern about the numbers is that its being produced by a CFO that is 24 yrs old. Looks like she has been with the firm for four years.
nice move up over the last several weeks. still waiting for those catalysts I mentioned last time (CEO, new relationships, reverse split, AMEX listing) in that order.
I think not only will they have to go through with the reverse split, but having a management team intact should be a huge catalyst. This company has reported these numbers so far without a full-time CEO! In the conf. call they stated that the projections for FY 2008 are inclusive of costs of new hiring. That sounds like a positive, since it seems they are incorporating these expenses into their projections. If they do the reverse they are very close to satisfying the requirements for the AMEX exchange. Those are three value drivers alone.
Their model also attributes the bare minimum from the Scientific Games license. Imagine if something ever came about from this licensing agreement! Unless someone comes out with a better mousetrap, I think their product should do fine. It's simple to use and it's patented. What a combination, now if they could only start selling this thing. I like what they said about potential for two new relationships during the conf. call. Let's hope this potential value driver is a significant contributor to the bottom line. Lots of possibilities on this stock and if any of these value drivers hit, than the stock should move nicely.
I think they should first hire the CEO, wait for the new relationships to be official and announce it, do the reverse so investors will not look at it in a negative light given the new CEO and relationships, than they should list on the AMEX. That should easily double or triple the market cap of this company. I have been very patient with this stock. I invested in them several years ago and took a 30% to 40% hit and completely liquidated my position. Seeing it hit the teens I loaded up and recently loaded up some more in the .40's and .50's. Given their margins and the cash they generate hopefully they will contain the dilution. There might be some additional with hiring of a CEO given they need to put together a nice pay package for them, but I believe they said in the conf. call this was projected in their revenue/EPS forecasts.
EGMI: just listened to their conf call. Some quick notes:
1. hiring a CEO in 90-180 days, they are in full search mode
2. should announce 1 new partner and 2 new relationships by end of qtr.
3. reviewing reverse stock split possibility.
4. look to get a full Board
5. sold 1.3mm units, which is approx 30% more than 4q
6. looking to get off OTCBB
There was a lot of info on future growth and share count, but I'll have to relisten to the call.
EGMI - an underwhelming reaction to the earnings. Even though its on an untaxed basis, their NOL's should give them 2-3 yrs of tax protection.
Looking over their Q4 2007 transcript they projected $2.1mm for Q108, $10-12mm for FY 2008 with .09-.10 fully diluted EPS. They were able to do $2.3mm, so they may be slightly ahead of their projections.
One of the unique aspects of their growth has been their ability to achieve it with a skeleton management and marketing effort. Clearly there is demand for the product. I'm a little perplexed by the scientific games agreement. Considering the success I've read about in Kansas and Iowa, I wonder why Scientific Games hasn't promoted this product more? They have also not mentioned anything substantive about the arrangement in the last conf. call. Growth would be pretty explosive if EGMI leveraged Scientific Games customer base.
Here is a little story I read earlier today about concentrated portfolios.
http://www.bloomberg.com/apps/news?pid=20601110&sid=a_fgkbImH1BI
I tend to be a bit concentrated as well and have had periods of feast and famine. With AYSI I feasted today.... Hoping to feast on EGMI as well, though not as much visibility as AYSI in terms of future growth.
I think that is part of the plan. USA deeply in debt. Reduce the debt by depreciating the dollar and rampant inflation.
I've been a fairly infrequent poster and I just wanted to say thanks for the gift. I'll look to pay that back with hopefully a multi-bagger. I haven't reaped the big rewards as some of the posters I read on this board, but I have made a couple nickels here and there. Once again thanks.
Also the good thing about a 401k when you move companies, you can roll the money into an IRA. Than you can have more options than through a 401k, which is limited by the company's plan.
Recently dumped VPHM as well to redeploy to other investments. If it stays mired in this range through the spring, I may take another nibble if no adverse news comes out.
OSI.TO - Management Cease Trade Order
Anyone know how often these are imposed and under what circumstances?
OSI.TO - Press Release
Probably the reason for their depressed price lately
OSI Geospatial Provides Update on Delay in Release of Fourth Quarter and Fiscal Year 2007 Results
Thursday February 28, 8:15 am ET
OTTAWA, CANADA--(MARKET WIRE)--Feb 28, 2008 -- OSI Geospatial Inc. (Toronto:OSI.TO - News)(OTC BB:OSIIF.OB - News), today provided an update on the delay in the release of its financial results for the fourth quarter and fiscal year ended November 30, 2007. The Company has not met the regulatory filing deadline of February 28, 2008 for filing with the securities regulatory authorities in Ontario, Quebec, British Columbia and Alberta its annual financial statements, management's discussion and analysis and annual information form for the fiscal year ended November 30, 2008 and the related certifications (the "Annual Filings").
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As previously announced on February 26, 2008, the Company will delay the reporting of its 2007 results in order to fully address questions received from the U.S. Securities and Exchange Commission. The company and its auditors have decided that in light of these questions, more time is required to complete this year's financial audit.
In accordance with the Canadian Securities Administrators' Notice 57-301, the Company has filed an application with its principal regulator, the Ontario Securities Commission requesting that the Company be subject to a "management" cease trade order, prohibiting its directors, officers and other insiders from trading the Company's securities until Annual Filings have been filed, rather than an "issuer" cease trade order. Assuming a "management" cease trade order is granted, the Company's shares will continue to trade on the Toronto Stock Exchange and persons who are not directors, officers or other insiders of the Company will continue to be able to trade in the Company's shares. As required by CSA Notice 57-301, the Company will provide bi-weekly updates on the status of the failure to file its Annual Filings until they have been filed. An issuer cease trade order could be issued if the Annual Filings are not refilled before April 28, 2008. An issuer cease trade order may be imposed sooner if the Company fails to provide bi-weekly updates.
About OSI Geospatial
OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com.
Contact:
Contacts:
OSI Geospatial Inc.
Jane Hayward
Investor Relations
613-287-8004 or 888-880-9797
613-287-0466 (FAX)
invest@osigeospatial.com
http://www.osigeospatial.com
Looking to see if there are some near term catalysts for TRGD. I've thought filings would be a catalyst, but the lack of them has dragged things down back to near my entry point. I've taken my eye off this position and watched it go up from my entry in the low .30's last year all the way up and than back down. Just starting to rationalize keeping or selling.
3Q posted!
38.5% YOY Rev increase.
Selling expenses up dramatically (will have to see what this is about)
Only .0033 Net Inc. for the Q.
OT: lentiman: RE
Yeah that's only part of the story. Living in a 2BR with two kids and sleeping on the pull out couch in the living room since the newborn came.
My wife's a toughie, a little look won't ward her off.
Brytex - Wow! These will be the capitulators that sell at any cost to get out of a bad investment. Moreso, if they are already in dire financial straits. That's why the bottom of this RE cycle won't be felt until after all these resets occur. For subprime around 2009, for prime 2010 & 2011. I've already waited 4 years, what's a couple more before I buy?
Happy renting...
DYII - seems like some accumulation going on over the last month or so. It moves up with volume, like today. I flipped 1/2 my position I bought around 4 a week or so ago, now just sitting with the remainder until the filings or hear more about the spinoff. Nice to be able to wait with some money in the pocket. Tip of the hat to hweb for pointing out the idea.
Businessweek: I read the hard copy of that article, but loved the slide show and how it showed what % decline brings us to a certain years valuation level. Shows that there is still some exuberance baked into certain areas prices. Looking at Miami & Phoenix, it seems like a world of pain is still waiting for house hunters there.
My own personal situation, I've been renting since I got married 5 years ago, because I thought housing prices had gone insane. I've convinced my wife of the fact and was nagged ruthlessly during the up years, but some form of vindication has settled in. I want to live in Northern NJ and I'm planning on renting for at least another year, maybe two. Good thing rental costs are still low, until they are near even w/ buying it still makes no sense. During all this time waiting, I've had a kid that's 2 yrs old and just had another newborn last month. I think this year and next year's decline will be the most substantial. The dam has broken...
From a stock point of view, I tried shorting homebuilders but had to sell out of my position about 6 months too early. Tried shorting BZH missed it. Than tried shorting FED, but again a little too early. Both times probably bet a little too large, so couldn't withstand too much upside. Next time I short, I'll take a position I can handle and not be so greedy with putting on the largest position possible. That's the problem with shorting is staying liquid before the timing becomes right.
Houston, we have liftoff....
Actually no surprise given the relative illiquid history of this stock that there has been very little response to the Q.
ZYNX - Just bought 7k more at 1.15 & 1.16. I have been trying to conserve cash, but even in the short term this looked compelling.
DYII has been on a nice move. I bought some at around 4 to average down on a position. Just unloaded those shares and at slightly above breakeven on the remainder. Will hold those until the next announcement.
Global decoupling, reminder of how things went following LTCM and Russian bond crisis. Correlations went out the door and so did investors as everyone scrambled for cash.
EGMI - This and the fact they changed their business model several times was a concern, however I overcame it solely because of the strong marketing ties that Scientific Games brings to the table. As an investor and licensee they have every right to see this company succeed. I bought more recently in the .57 - .59. I'm fairly heavily weighted this stock at 8% of my portfolio. The majority of my shares however were bought very cheap in the teens. Seeing some more states buy into the Game Card will be a huge boon.
Any sign of growth for the future quarters will really make this look inexpensive. I'm surprised the filing didn't result in a bump on the bid. Stealing some at .15 would be worthwhile at this point. This is a small position for me at roughly 1% of capital. I generally will hold larger positions in the 10-15% range sprinkled with riskier long shots like GENX.
OSIIF - I'm trying to justify holding this through the year, but a little hesitant. I held it for several months already and did not want to sell given what could be viewed as depressed tax loss selling, though it has recovered a bit from the bottom.
Any idea how backlog breaks down into revenues?
In the YTD 9mos through 8/07 they stated $45.9mm in backlog, of which $15.8 will be booked as revenue during 4Q 2007 and FY 2008. Total backlog including option backlog was $70.2mm. Question would be how much of this is exercisable into revenues 4Q 07 and FY 2008. If similar ratio to firm backlog, than we are looking at option backlog of $8.4mm during the same period. In press releases it appears an additional $5.7mm of backlog was signed before 11/30/07, which should make it into their YE report. An additional $5.1mm has been booked from 11/30/07 to the current date. Most of these contracts will be booked as revenue within a year, except for $3mm which will be I assume is amortized over 3 to 4 years as stated in press release.
So for the next 5 qtrs that's $24.2mm existing total backlog + $8.8mm new contracts. Evenly distributed that's only $6.6mm of revs per quarter. I'm sure the distribution is lumpier, but looks like they need to execute more contracts to get revenue growth through the next several quarters. They've done a decent job of that over the last 3-4 months, but not exactly knocking it out of the park. To get to your $9mm figure requires some of these contracts to be loaded in the front end and will lessen the back end.
Buy, Sell, Hold? I took an indecisive action and sold half at recent levels of .4935 to net a 12% loss. If they can squeeze a couple pennies out in the next quarter than I may regret reducing my position, but I needed some money for some other investments.
Ah... fond memories of LIM and RNO...
OSIIF - Any estimates for what the now closed fourth qtr will look like?
General question on portfolio of VMC's in the VMC index...
Does anyone know what the general PE is across the VMC index? Looking to see what the blended PE is for the VMC index. Sort of how the S&P trades at X times earnings.
KCL - I thought I was acting in restraint prior to the recent run up by waiting for a dip. Oh well...