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I don't think you read that correctly.
Look again ----> http://www.otcmarkets.com/financialReportViewer?symbol=AZFL&id=132022
Both timber inventory and lang valued are higher than last year.
I believe that this order belongs to a different company. There is also a company called "Amazonia Florestal". Notice that the shipper's address on this document is different from the address on the AZFL website.
Thanks! I agree. GL to you too.
AZFL specifically stated in it's last quarterly report (issued yesterday), that their main focus for 2015 is to raise funds to fulfill their obligation to Trackworks in the UK. Upon delivery of the remaining railroad ties to Trackworks, AZFL will have a guaranteed revenue of at least $2 Million for 2015. That is in writing. Give the guys at AZFL a break! Cutting down, processing and shipping 180 x 40' containers full of timber isn't an easy job for a small company, especially in those wet conditions (they don't call it the RAIN forest for nothing)! And as far as the CEO is concerned, the guy has barely been there one month! Cut him some slack! Jeez, I can't believe how impatient everyone is.
I understand that people are scared because they see that BIG RED number in their trading accounts. But keep in mind, for everyone who reluctantly sells at these low prices, there is a buyer licking his chops! I'm not trying to say that AZFL is a sure winner by any means because there are no guarantees in the stock market. If the company can't find financing to fulfill it's obligation to Trackworks it will likely cease operations. I'm holding on because I believe in this company and I believe that they will find adequate financing. When you look at it like that, dilution isn't such a bad thing after all. I mean, that is why small companies go public isn't it? To raise capital! Even if all 3 Billion A/S become O/S, the company will still have $.01 of equity per share because they have over $30 Million in assets.
"Currently AZFL is attempting to fulfill its second order from a U.K. based railroad supply company, for US $2.64 MM dollars in Railroad Ties or “Sleepers”. The first partial order was shipped on December 7th, 2013. The company shipped 10 – 40’ containers of railroad ties to the UK as a partial shipment on an order for 200-40’ containers of this product valid until the end of the 2015. The company has signed an intent for a Joint Venture Agreement with Trade Finance Partners, London, UK, through which it expects
to re-start shipments on the Trackwork order in 2015."
From the last financial statement.
They will have over $2 Million in revenues in 2015 once they fill this order. If they are diluting it's probably because they need more resources (labor, equipment, etc.) to harvest, position, measure, cut, pack and ship the timber.
Why is everyone so afraid of dilution? Isn't that the reason why companies go public? To raise money so that they are able to fill larger orders that they wouldn't otherwise be able to fill? Come on people! Even if all 3 Billion shares were outstanding the price per share should still be around $.01 based solely on the company's equity!
Well said! Excellent post.
Whoever they are, they're probably going to be very upset with themselves next week.
I understand what you mean when you say dilution. I'm not disagreeing with anythin you just said. But like you said.. Nobody knows if those numbers of OS are still current. And that's my point! Nobody will know for sure until we get the first quarterly report. Anyone talking about dilution since Jan 1st 2015 is giving you their opinion not facts.
I don't understand why some people keep insisting on this dilution nonsense? Are you trying to snatch up some cheap shares by scaring someone into selling? Why would AZFL dilute when they could sell wood or land? I mean they just bought 100 acres in Colorado... Doesn't common sense tell you that they are probably doing fine financially and don't need to dilute?
I loaded up again today. We're not going to see these double-zero-teens again starting next week imo.
I couldn't have said it better myself!
LMAO This guy won't quit. Please JD, give us one single shred of evidence that the company has been diluting since January 1st. And I don't mean evidence in the form of your little opinion... I mean concrete evidence. I've been looking and I can't find any.
Probably Market Makers. I have a feeling that they don't want to let AZFL run just yet. I will let you guys in on a little secret. One Monday, a few weeks ago while I was in the process of loading, the stock looked like it was going to gap up to start the trading day. I saw on the level 2 that there was an ask at .0023 (the previous close was .0016). Roughly 30 seconds before the market opened, I decided to hit the ask for a small amount just to see what would happen (call the bluff). In that 30 seconds the seller cancelled his order and I ended up getting filled at .0018. If that's not manipulation I don't know what is. I'm not sure exactly what to make of that, but my impression is that someone is not ready to let AZFL run... But when this someone IS ready, I believe that we are going to see some serious fireworks.
I'm sorry, my name is not Jake.
However, I do agree with you never the less.
I understand completely! Trust me, I know how hard it can be to watch your hard earned money disappear as the PPS drops. But remember, you don't actually lose any money unless you sell! Keep in mind that all this volatility is based on speculation and flipping and should only be temporary. The fundamentals haven't changed since the PPS was .0025 and as a matter of fact, the technical's still indicate an up trend as we haven't closed below .0011 in quite some time. For me, I won't consider selling before .03 unless we get some extremely bad news from the company (which I think is unlikely after hiring a new CEO, a reputable P/R company and announcing publicly that they have BIG news in JAN 2015. This is all my opinion of course! I would insist that everyone do their own research before buying or selling a stock.
Well said. Couldn't agree more!
Haha Maybe!
He's probably just trying to manipulate the people who are on the fence to jump in the direction that is most profitable for him on any given day. It's a "dawg eat dawg world", so to speak. If he's making money doing what he's doing, good for him! I understand that for someone to gain in the market someone else has to lose... However, cheer leading AZFL one day and then screaming that the AZFL sky is falling the next day for profit is unethical in my opinion. If I'm wrong about him (which I hope I am), then I offer my most sincere apologies. But I call it like I see it.
Thanks for backing me up, Clerk! I know that the longs are the majority here. The float is LOCKED! The longs are holding on tight and it's going to take a lot more than this weak shorting to get us to sell our shares.
At first, I thought you were long on AZFL. But after watching you change your mind so many times about where the stock is headed I realized that you're probably just a day trader trying to make 100$ a day (or whatever your target is). No disrespect. Make your money however you have to. But I think I speak for most people on this message board when I say I know what I own. If AZFL goes to .0005 so be it. I know it will only be temporary as AZFL is SERIOUSLY undervalued. News or no news this should be at .03 based on assets alone. Do your own DD. This is not investment advice.
How can you tell how many shares MM's are trading? Level 2?
I could be wrong... But I think what he's suggesting is that AZFL shareholders SHOULD also invest in DRAG as he believes that the prices is going to "explode". I don't think he's saying that AZFL merged with DRAG or anything like that.