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Yup...everything is fine ....no update on anything financial & "stock" bumping against record all time lows.
Yup...take me at my word w/o one SEC filing.
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
Audited FINS promised in 2013.
The flyer I got in the mail says "Global CR Holdings paid $TBD 471,600 for the creation of various elements of this campaign in an effort to build investor awareness. This report does not provide an analysis of a company's financial position, operations or prospects and this is not to be construed as a recommendation by Global CR Holdings or an offer to buy or sell any security, or investment advice"
It's ice tea now http://profitsintea.com/. Very small Yahoo says BV is .10.
Net loss $ (3,180,269 ) . Small float Float: 2.13M
http://ih.advfn.com/p.php?pid=nmona&article=70862675
Got this in snail mail...
http://profitsintea.com/
Never underestimate the trash that trade on "the pink sheets" to take money from the novice trader/investing public...especially the non reporting ones.
Bottom feeders will arrive soon...I mean this is gambling trying to buy on the bid & sell at the offer, hoping it doesn't fall any more.
The spread is massive % wise.
http://seekingalpha.com/article/3961805-east-west-petroleum-teaches-scrooge-rake-cash?auth_param=lh1sj:1bfm0af:457fc697ee2c211e5b25938f0c1c4391&uprof=45&dr=1#alt1
Summary
The company has about C$8 million in cash along with a c$10 million market cap and no long-term debt.
Cash flow in the nine-month period was about C$609,000.
The company has permission to purchase and retire up to 10% of its common stock, which should limit downside risk.
Partner NIS is now set to drill the first joint venture well staring in the second quarter in Romania potentially adding a lot of value to the company if successful.
New Zealand prospects, in addition to a cash flow also have speculative projects in the development stage.
It must be nice to be able to sit around all day and collect money. There are companies out there that worked a lot harder and are going bankrupt as a result. But at the end of its third quarter, East West Petroleum Corporation (OTCPK:EWPMF) reported that cash flow from operations was C$609K for the nine-month period. Since its partners have delayed drilling any wells in the current environment, it keeps adding to its cash hoard. There is an occasional well rework or maybe some lease bidding that uses some cash, otherwise the cash pile keeps building. Life can be tough.
However, management is just as tight with its cash as it is managing its assets. Rather than tender for outstanding shares, management applied to purchase the shares on regular transactions. At the close of the stock market on Friday, March 25, 2016, the market cap of the common stock was almost C$10 million. Since the company has almost C$8 million to spend on that market cap, management has permission this time to re-purchase nearly 10% of the company's common stock over the next year. It can re-purchase as much as 2% in any 30 day period, so if the price drops low enough, it will be interesting to see if the company receives permission to purchase more stock. It has the cash flow and the cash balance to do so if it chooses. In any event the company serves as a very large purchaser of its own common stock which will decrease the downside risk to investors for the next 11 months or so. That relatively large amount of cash on the balance sheet will also decrease the downside risk of the common stock.
Plus the company is debt free. It does have some partnership obligations, but it definitely has the cash to meet those obligations at this time. So where is the growth possibilities for a company like this? Clearly, an investor who pays C$.11 per share or US$.08 per share is paying mostly for the cash hoard with just a little left over for the company operations because the cash is roughly four-fifths of the market value of the stock. But subtracting the cash out from the market value and then dividing the remaining market value by the annualized cash flow figure results in a remaining value-to-cash flow of about 2:1. That ratio is exceptionally cheap by any measure, even for cash flow that will decline without new drilling. Few companies at this stage in their development have a ratio anywhere near that, and usually far more debt.
The company is a partner with Tag Oil (OTCQX:TAOIF). Together they share production from an operating lease that usually nets East West Petroleum roughly 200 BOED. Right now, one of the wells is having mechanical difficulties so it is offline, and another well is being evaluated for commercial production. So there is room for growth from the third quarter production, just by fixing one well, and having the other well produce commercially. However, the partnership does not move very quickly at these low commodity prices, but there is some very real room for growth by bring the G1 well onto production (if and when the partners decide to finally do that).
Good thing "the club" is here to buy shares, otherwise after a couple of sells, you'd probably have to settle for much lower prices.
Done Deal, Just hammering Out Details, Should Be 3.00 +++++
Under the Plan, if approved by the Court, PharmAthene's judgment will be satisfied at the discretion of SIGA in one of the following ways:
-- Payment in full in cash of the unpaid balance plus interest that will
accrue at 8.75% after Plan approval; or
-- Delivery to PharmAthene of 100% of SIGA's common stock; or
-- Such other treatment as may be mutually agreed upon by SIGA and
PharmAthene and approved by the Court
Last 10Q "on going concern". Business model isn't profitable. Really nothing here but another junk "stock"
Is the payment business a profitable business....take a look:
http://biz.yahoo.com/e/151130/myec10-q.html
Overview
I hope they don't go BK.
Form 10-Q for MYECHECK, INC.
Results of Operations
We incurred a net loss of $992,923 for the year ended December 31, 2014 and a net loss for the three and nine-month periods ended September 30, 2015 of $1,903,726 and $3,660,413, respectively. At September 30, 2015 we had cash and cash equivalents of $4,534 and a working capital deficit of $2,566,277.
Nine -Month Period Ended September 30, 2015
At September 30, 2015, the Company had cash of $4,534 and a working capital deficit of $2,566,277. At December 31, 2014, the Company had cash of $51,261 and a working capital deficit of $1,345,517. This decrease in cash was due primarily to operating losses during the nine months ended September 30, 2015.
http://ih.advfn.com/p.php?pid=nmona&article=69515780
NOTE 3 – GOING CONCERN
The Company’s accountants have expressed substantial doubt about the Company’s ability to continue as a going concern as a result of its history of net operating losses. The Company’s ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to successfully deliver license and service agreements and obtain financing until revenue can generate cash flow to meet operating requirements.
The outcome of these matters cannot be predicted at this time. These consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue its business.
As reflected in the accompanying consolidated financial statements, the Company had a net loss of $3,660,413 in 2015 and a net income of $55,680, in 2014, and net cash used by operations of $570,818 and net cash provided by operations of $61,369 for the nine months ended September 30, 2015 and 2014, respectively. The Company had a working capital deficit of $2,566,277 at September 30, 2015 and $1,345,517 at December 31, 2014 and a stockholders’ equity of $577,033 at September 30, 2015 and a stockholders’ deficit of $1,193,035 at December 31, 2014.
The ability of the Company to continue as a going concern is dependent on Management's plans, which include the raising of capital through debt and/or equity markets. The Company will require additional funding during the next twelve months to finance the growth of its current and expected operations and achieve strategic objectives. Additionally, the Company will need to continually generate revenues through its current business operations in order to generate enough cash flow to fund operations through 2016.
http://seekingalpha.com/article/3496196-east-west-petroleum-rolling-dice-low-cost-production
"Financially, the company is a rock, as shown on the first quarter financial statements filed August 31. It had C$8.7 million of working capital at the end of the first quarter (ended June 30). Of that, C$8.1 million was cash and it had no long-term debt outstanding. Therefore, the company can easily meet the budgeted expenditure for the year of C$2.8 million just from its cash balance. It is also in very good shape to weather an extended industry downturn with that cash balance."
One of cheapest junior oilers I've seen, just need oil to stabilize.
Financial and Operating highlights for FY2015
Total revenue increased 54% in FY2015 to a record $6.5 million.
Cash balance at year end of $8.4 million, working capital balance of $8.9 million and no debt.
Average net daily production volumes of 264 boepd (76% oil) in FY2015 and 296 boepd (72% oil) in Q4/15.
Strong average netbacks per barrel of $56.76 in FY2015 and $42.01 in Q4/15, despite weak commodity prices, contributed to net cash from operating activities of $1.7 million in FY2015.
Completion of the TAG Oil Ltd. owned and operated Cheal E to Cheal A pipeline in May, which will allow EW to monetize future oil and gas wells drilled in the Cheal-E development area, sell previously flared gas generating additional revenues and lowering operating costs through facility optimizations.
David Sidoo, President and CEO of East West commented, “We are extremely pleased to report record revenues from our producing properties in New Zealand despite a challenging end to the year in oil prices. East West is well positioned heading into fiscal 2016 with no debt and cash balances well in excess of future committed capital expenditures. For FY2016, we are looking forward to additional drilling in New Zealand and seeing the first well drilled in Romania. Finally, I’d like to thank our partners, TAG Oil Ltd. in New Zealand and NIS Petrol in Romania, for their hard work and dedication to our joint projects.”
http://www.eastwestpetroleum.ca/assets/downloads/financials/EWIFSDec312015.pdf
Price Targets 13.00 & 36.00
On Benzinga....ha ha
http://www.benzinga.com/stock/htbx/ratings
You will get a better picture here soon when earnings come out.
It's worth a position for a high spec play.
SeeThruEquity has not been compensated for the preparation of this report.
Got flyer in snail mail today . They paid 30,000 for the flyer. Latest 10Q shows: Total stockholders' deficit to the Company (2,181,721).
Plus they have a offering of stock....Seems over priced here to me.
Company is close to bankruptcy according to 10Q but they should be ok for a while with capital raise.
"Results of Operations
Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue operating. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities."
Revenues
Our retail revenue increased by $321,559, or 20.6%, in the three months ended September 30, 2015, as compared to the three months ended September 30, 2014, from $1,241,883 to $1,563,442. The increase was primarily due to increased sales in existing stores due to increased consumer awareness and the opening of additional locations in 2015.
Our wholesale revenue decreased by $238,400, or 89.2%, in the three months ended September 30, 2015, as compared to the three months ended September 30, 2014, from $267,020 in 2014 to $28,620 in 2015. The decrease was primarily due to a decrease in market price for wholesale goods, which is attributed to decreased demand in export markets and the current strength of the U.S. dollar. The wholesale market is driven by export to foreign markets. Buyers pay by the pound for wholesale product, typically on the expectation that they will be able to sell overseas for a profit. If such markets are experiencing a slowdown, it has a negative impact on our wholesale business.
Gross profit as a percentage of total revenues for the three months ended September 30, 2015 was 34.1% as compared to 58.1% for the three months ended September 30, 2014.
http://ih.advfn.com/p.php?pid=nmona&article=69440488
Uranium Feb 29, 2016
Ux U308 price: 32.15
Change from
previous week -1.35
Gee, how professional...they didn't even update their latest PR's:
http://ezcardandkiosk.com/cpsz_investor_relations.aspx
Nothing on Twitter...all these free ways to communicate your wonderful story & nothing.
https://twitter.com/search?q=%20General%20Payment%20Systems%20Inc&src=typd
"good support at .0001 (130,000 bid)".
That probably why no more selling....they won't sell at .0001.
Hillary's tweet killed bios for a while.
How about their FB page:
https://www.facebook.com/pages/General-Payment-Systems-Inc/988883801169523
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On L2 the bid is at multi years lows (.055) & I see good support at .0001 (130,000 bid).
I don't pay attention to dust speck stocks..only this one because I was in it long ago. Surprised it's still trading.
Haven't looked at this in a while.They are slowly dying eventually BK.
Last straw are the patents.
Hope this works out big for you...I had a 52,000 gain on RTK in two days in August 2009.
This is the fun of penny stocks.....but wait until reality sets in & the dump starts.
Probably peanuts or the stock would of already moved.
At least they have a card to play,....I wouldn't touch it w/o seeing some of the money.
This can easily get bid up on speculation & then come crashing down.
Was in this in 1992, was shorting when it was around 25.00 a share.
At that time they just came with the noise cancelling technology & stock briefly went to over 100.00 ...but only had 300,00 in float then.
I will watch to see if they start getting money from the patents.
Official 10Q filed with SEC shows Total shareholders’ deficit (4,782,093) which is a negative BV. Nobody really knows what the patents are really worth but it a great speculation point.
http://ih.advfn.com/p.php?pid=nmona&article=69343373
Ok, when I see money start coming in for the patents to help extinguish the 5M of negative SH equity, I will change my opinion.
Will probably still go to these prices...but will take a long while, the balance sheet in the 10Q shows their headed for bankruptcy. Stock has negative value. Only wild card are patents & they don't seem to value them on BS
http://finance.yahoo.com/q/bs?s=ANDR+Balance+Sheet&annual
Looks like they keep increasing their LT debt just to stay alive...for how long they can do this,I don't know but doesn't look good.
MAYBE the patents are worth something but nobody seems to want them. They cannot make any money. Maybe somebody will buy them in BK court in a few years.
Declining sales, mounting losses & an ton of debt for a small company.....
The 10Q is quite depressing.