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yeah, just like a couple that kept pushing it down over the last year.
great info you have been digging up gamood. TY.
great info you have been digging up gamood. TY.
Prices go up when there are less sellers than buyers..... old supply v's demand theory. Sellers were all gone once this flat lined in the .002 to .004 range. Now we see more buyers that believe this is undervalued and no real sellers left to satisfy the demand. With only a 19M float and a lack of sellers this could easily continue to climb IMO. At some point we will reach a point will some sellers will step back in but I have no idea what level that will be at. I still feel this is way undervalued but I am only 1 of many.
I would simply ante up say $200 more and buy my 1 million shares at .012 instead of .01.
I am pretty sure that would not work since there is probably not 1M available at .012 just as trying to sell 1M at .01 wouldn't work. I have not bought any for a bit but when I have it is by sitting high on the bid and waiting. If your not getting any then bump the bid. This seems to be what is happening now. If someone wants a larger position, it will probably require a lot of patience since the selling really dried up. Maybe some will shake out around here but there is not much of a float at ~19M to shake from.
robsct, 144 shares can become free trading shares by going through the process that shermann7 posted;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50786375
They are restricted until they are released by the company issuing the stock
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
http://www.sec.gov/investor/pubs/rule144.htm
Straight from the SEC's mouth.
Shermann
Not deceptive at all. If I call the TA and they say the shares are restricted, I know that those shares are not being traded right now. If I see any kind of selling activity, I again call the TA to make sure no new shares have been made unrestricted or added to the float. Works very simple.
A simple call to the TA will tell you if they are free. As of now, the ~123M are restricted. Pick up a phone and check. It is really easy for anyone to do. I am a very consistent checker on any of these penny stocks.
Holliday Stock Transfer, Inc.,
2939 N. 67th Place,
Scottsdale, AZ, 85251.
(480) 481-3940
I don't get around to posting much anymore but the recent play in LBWR has peaked my interest$
Hope things are going well for all on the board. GLTY.
accumulation.... raise the bid and absorb, repeat as required.
Share structure has been the same for years at ~143M O/S, 19M float and 200M A/S. Trading at .01 it only has a market cap of ~$1.5M. Even if they had to issue the other 50M it would still only be $2M cap. The couple bashers have torn this apart and I suspect it was for a 'reason' ($$$). It should continue to climb out of here IMO.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50666119
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Posted by: creede Member Level Date: Thursday, May 27, 2010 1:29:19 PM
In reply to: None Post # of 16164 Send a link via email Share on Facebook Tweet this post
Share Structure per T.A. - May 27, 2010
Authorized Shares 200,000,000
Outstanding Shares 142,699,001
Restricted Shares 123,649,003 (120MM are Mgmt 144's)
Floating Shares 19,049,998
no L2, I shoot from the hip. LOL! As far as I am concerned this was way oversold.
"You don't know a few important things."
#1 Are those working the spill current employees or new hires? I think they are current employees.
A lot of new employees based on many news reports. Easy to google or watch the news and see this.
#2 Are any new hires required to be tested being they are only temps?
I am confident that most new hires will be considered temps by the hiring companies but, like everyone, we have no idea how long the mess will continue even after the leak has been successfully plugged. Just like you, I have no idea if the companies involved are requiring testing.
#3 Does Labwire have the contract to do the testing? NO
I do not know if Labwire has a contract that includes any of this potential testing and I doubt anyone here does. Maybe you have some better inside information since you say it is a definitive NO?
I was thinking this may show up as increased demand through current contracts which would not warrant a PR IMO. If there were new contracts being signed, for this or any other work, I would also like to see a PR.
so discussing world events that could have impact on a company's revenue sources and bottom line is "internet rumor based on nothing." In all my years I always thought looking at current/future events and how they could impact a company was considered standard investment DD. Wow, learn something new everyday....
LBWR getting interesting.
interesting.... lot's of workers hired because of the oil spill and that is one of the main industries that use drug testing.
someone is pushing up the bid and building a position....... hmmm.
The main driver to a higher PPS is getting the 'stop' sign taken down on the pinks, financials reflecting the revenue, and moving to a new exchange. Great time to accumulate.
You are right to accumulate now because if they had all of the above done this would be trading much higher. With the revenue stream coming into ESFS now from this CAKE order, Michael should have ample cash to start moving on the uplisting.
Great news!!!! This will be a very big contract for ESFS. I estimate it will be in the $15M range for all the restaurants. Edesheim estimated about $10M so maybe he knows something I don't. The MD1500 units were running about $50k/installation. I think the MD2000 is running about $75k/install. With 200+ restaurants that would put us about $15M.
I REALLY LIKE THOSE NUMBERS!!!
makes watching the grass grow feel like high energy. lol.
ESFS continues to build a great foundation for huge business. This will all come together in time......
I keep an eye on this one looking to buy on weakness.
preaching to the choir.................
I can't count how many times I have said "numbers and names" to Michael. He has started to give more names (sometimes) but numbers he doesn't want to budge on. Michael has never said why to me but I believe he does not want numbers floating around that could impact his contract negotiations or give competitors further information. But like I said, that's just a guess since Michael has never given me any answers on this subject.
Coming together very nicely here. As REFR just posted;
This company has not only survived, but grown through the most challenging times in recent history.
Quality management with integrity, providing a technology and service that improves peoples lives.
Couldn't have said it any better and that is exactly why I will be a shareholder of ESFS for a long time.
Based on prior conversations with Michael, I suspect you are right about the new shares used to finance increased working capital requirements due to substantially increased orders.
and that would be exactly what it means. With a float <20M it doesn't take much to absorb to whole thing. Still accumulating myself but the pickin's seem to be getting a little slim.
or could it be.......................................
dumb like a fox?
The home single sink units are not available yet. Majority of efforts/capital are currently directed at restaurant, grocer, and food processor lines since these are the high demand areas by customers. Rough numbers are;
Restaurant
R1000 Line,
$10K ea.
Generally 2 units/store.
Grocer
MD-1500 Line,
$50K ea.
Generally 1 unit/store.
Food Processor
MD-2000/MD-2000 Dual Line,
$200K+ ea.
Installation customized based on size of processing plant.
Multiple units in large facilities.
nice strength on the bid. ask should continue to move easily with any amount of buying.
Welcome rmanton. I have been an investor here for a number of years and will continue to be. Generally the crowd on this board are "longer" term investors and I am sure some swing trade to build positions. Over the years I have had many conversations with the CEO Michael Elliot and others within the company. As you picked out from the financial statements, the company is not bubbling with cash but the CEO is very conservative with expenditures. He has been growing the company on a tight budget with products that are producing a very nice gross margin (40-50%). The last year has really been the start of seeing larger companies and contracts roll in. As with the PR today, the food/water industry is starting to take notice of this little companies products.
When the economy collapsed, ESFS was just starting to roll with their initial contract with Whole Foods (WFMI). Many companies were close to buying but the downturn changed that for everyone. The stock had run up in anticipation but then fell back because of the slow down. Last spring the business really started to pick back up as companies that had been doing trials started to make commitments for complete roll out. We are at the beginning of a long term trend up IMO.
GLTY.
I suspect as more companies start using the product we see some new investors introduced from their experience. It looks like someone wanted to get a position ahead of todays PR. I would not rush in buying but I still believe this will be a very good long term position. Maybe we will start to see a continued move up now. GLTY.
slow and steady wins the race.
The more companies using the systems, the more industry buzz it generates, which returns as increased sales. Best marketing of all is when your customers sell it for you.
You sure it's not the other way around? LOL!
ESFS news........................
Eco-Safe Ozone Disinfection System Sold to Longtime Chicago Meat Wholesaler (3/1/2010)
LOS ANGELES, CA (March 1) – Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce a sale to Nealey Foods of Chicago.
Michael Elliot, President of Eco-Safe, stated, “Nealey Foods has been in operation in Chicago for nearly 60 years, and supplies a wide variety of meats to corporate clients. We are especially pleased that this sale was motivated by the request of a nationwide restaurant chain for Nealey Foods to utilize ozone disinfection on poultry products supplied to more than 160 of their restaurants. This restaurant chain is itself currently arranging for system-wide application of Eco-Safe Ozone Systems in their restaurants.”
Elliot continued, “Even though Nealey already enjoys one of the finest sanitation reputations in the industry, they saw the advantage to acquire the cutting edge technology offered by Eco-Safe, thereby assuring their nationwide restaurant chain customer of the absolute finest sanitation processing available today. When the entire supply system from wholesale processor to the customer’s consumption uses ozone disinfection, the highest possible level of food safety is achieved. In addition, products are fresher when they arrive at the restaurants, and show proven increased shelf-life. Every time the product is handled, it just makes sense to disinfect with ozone, and national food chains are beginning to appreciate the benefits.”
About Eco-Safe Systems USA, Inc.
Eco-Safe Systems, based in Los Angeles, is the manufacturer of patent pending water treatment and water reclamation systems. Our technologies produce ozonated water for food disinfection and water purification at significantly less maintenance cost and greater energy savings than our competitors in a completely green and organic manner. We currently offer supermarkets and restaurants a cost effective way to safely extend the shelf life of meat, poultry, seafood, fruits and vegetables. Please visit us at www.ecosafeusa.com for more information.
Michael's been pushing for nationwide. Looks like his customers are too.
Also remember, Nealey Foods only serves the Chicago area and Cheescake is nationwide. They will be requiring many other wholesale food suppliers to also install.... It is great when your customers start selling your product for you!
bingo.
USDA Announces New Iniatives to Improve School Lunch Safety--
Don't forget, ESFS is already working with one State Department of Education. I am sure this will be watched closely as this new Lunch Safety program progresses.....
Eco-Safe Slated for Expansion at Culinary Institute of the Pacific
LOS ANGELES, CA (September 3) - Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce the planned expansion of its Culinary Arts installations at the University of Hawaii.
Michael Elliot, President of Eco-Safe, stated, "We have just been informed by the Culinary Institute of the Pacific that their new academic building is to include Eco-Safe Ozone Disinfection for 24 food preparation areas. This will result in the introduction of Eco-Safe sanitation equipment to the students at the Culinary Arts Institute, who in the future will become chefs and managers of kitchens. These same students will set the standards for future kitchens, not just in Hawaii, but in many instances throughout the world. Our marketing goal is to establish a standard which will require Eco-Safe sanitation equipment in every commercial kitchen in the world. The success of our original installations at the Kapi`olani campus have paved the way for this significant expansion. As well, evaluation of ozone disinfection for use in Hawaii's public school systems is scheduled to begin this fall. During such a deep economic downturn, it is extremely significant and gratifying that Eco-Safe is having its best economic year and increasing its sales pace."