2021 and still haven't started my 100 bagger move (Spectra7 SEV, Lightwave Logic LWLG)
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Hi all,
After reading all you guys picks and huge winnings, I feel like a dumbass.
I have only two stock to gamble with. Personaly I find them the way to get rich. Little do I know...
Could you guys give some feedback about the prototyping industry?
I hold TXPO.OB ( no financials out yet, but increasing rev (fillings ytxo.ob)). www.ytxp.com
I think they will score big time on 15th aug, when they are releasing financials for the first time.
But like I sayed, little do I know...
Skidos
Keep an eye on TXPO.ob (before ytxo.ob) www.ytxp.com
Merger is final.
They will announce their first public financials on or before 15th AUG.(info from TXP)
2002 Revenue: $900K
2003 Revenue: $1.8M +100%
2004 Revenue: $3.6M +100%
2005 Revenue: $10M +177%
Company says marges on prototyping our 60 to 85 percent.
Let's see what will happen.
Greetings,
Skidos
Speedy fingers LOL
Hi, guys. Let's roll.
Is someone of this board buying stock of YTXO.ob?
The merger is not yet 100 percent completed. Should be done by the end of the week.
http://biz.yahoo.com/iw/060501/0126021.html
I expect some nice updates by the CEO Michael Shores of Texas Prototypes.
Long and strong with 39500 shares.
Skidos
YTXO.ob up 40percent
Great DD from PQL Research. Today is the first trading day after the merger for YTXO.OB.
GLTA
Skidos
*********************************
Texas Prototypes, Inc (YTXO.OB)
http://www.ytxp.com
outstanding: 94,295,715 (source: 2/19/06 Form DEF14A)
float: 10,000,000 (source: management)
PQL Position: 7,150 Shares @ .36 Average
Compensation: No Cash, No Stock
Grassroots Growth - The Texas Prototypes Story
Nine years ago, the modern-era YTXP Corporation (dba Texas Prototypes - TXP) was
nothing more than a team of engineers and designers working for Flextronics. After some
internal reorganization and perhaps some miscues on the part of Flextronics, Michael
Shores (now CEO of TXP) and his team left to form their own company with nothing more
than some equipment and $20,000.
They've never looked back.
Realizing they could fill a void for OEMs (original equipment manufacturer) to get their
products designed, pre-manufactured, and produced more efficiently, TXP set sights to
become a 'one-stop shop' for OEMs to get things done faster with reduced costs. Their
success so far has been nothing short of astounding.
Read more background on the company in the 'PQL Member Visit' section - which
contains a well-written article by one of our own who visited Michael Shores and TXP
recently!
The TXP Roll-Call
Through some not-very-difficult research (hint: watch some of the TXP promotional videos
on their website and use a media player you can pause!), we have a great idea of the
scope and maturity of companies that are using TXP. Needless to say, these are
companies that even children might know.
Company Symbol Market Capitalization
XTera Networks Private Private
Avaya AV $6B
Intel INTC $118B
Fossil FOSL $1B
Fujitsu FJTSF N/A
Hewlett-Packard HPQ $92B
Abbott Labs ABT $66B
Navini Private Private
Dell DELL $60B
Alcatel ALA $20B
TelStaat Private Private
AFC AFCE $420M
Texas Instruments TXN $54B
Efficient Networks Private Private
Raytheon RTN $20B
ST Micro Private Private
Cicso CSCO $129B
Siemens SI $84B
Ericsson ERICY $56B
Samsung SSNLF N/A
Foxconn Private $27B
Market Value of Known TXP Clients: $733,420,000,000
Valuation
TXP is a tough one to put a price tag on, because depending on who you speak to,
they'll say it belongs in this industry or that industry and try to price the company against
so-called peers. Quite frankly, I'm not going to lump these guys into the EMS sector -
because if you look at the Smith Barney 'Future of EMS 'Model (included in the TXP
Overview document on the left - page 4) you'll see that Smith Barney clearly shows that
prototype & quick turn is OUTSIDE of the traditional EMS segment - and they identify it as
high margin and high complexity.
Some companies do bits and pieces of what TXP does, but nobody I know of is really a
true all-in-all competitor to TXP. Most companies that others believe TXP would compete
against are actually a client of TXP!
Out of the gate, TXP looks to be valued a $56M company. Considering their FY2005
revenue of just over $10,000,000, it might be easy at first glance to say this company is
already fairly valued. However, I think doing so would be of great disservice to your
wallet.
As we've identified with some other companies, the market is almost always forward
looking. When you see a nasdaq or nyse company drop 5% on an earnings
announcement that they fell short of expectations by a penny - it isn't because the market
necessarily cares about a single penny - it's that the market is worried that the loss may
become a trend and signal future lower value in the company down the road. Similarly,
we've got to look at TXP a few years ahead to see what people might be willing to pay for
it now.
Let's look at TXP's past growth and see if that gives us any help:
2002 Revenue: $900K
2003 Revenue: $1.8M +100%
2004 Revenue: $3.6M +100%
2005 Revenue: $10M +177%
They have doubled revenues (or better) every year for the last three years. In its DEF14A
filing, TXP cited its prototyping business can have up to 85% margins! We'll keep this in
mind, because this should help TXP garner a premium because it is so rapidly growing.
A stock like XSNX, which rose from $.08 to nearly $3 (and still trading actively between
$1.80-$2), at one time garnered a $400M cap with absolutely $0 revenue. Even smaller
companies like GZFX have been flirting with $50M market cap with under $1M in revenue.
They don't make much sense fundamentally, but for better or worse certain stocks seem
to become and stay in favor.
Considering the following:
a) TXP's rapid growth
b) TXP's clients, which have values nearing 1 Trillion Dollars
c) The general overzealousness of the OTC:BB
d) Relatively low float and anticipated high demand of YTXO stock
e) Likelihood of YTXO trading on the Nasdaq within 5 years ::
I believe YTXO can trade around a $300M market cap within one year, which is about 30
times my estimated $10M net EPS for FY2008. This would value the company near other
high-margin technology industries like software development. At this market cap, YTXO
would command a share price of approximately $3.18 or about a 430% gain from the
current $.60 price levels.
Hi lentinman,
Remember me? I was the one who posted at the wrong board without even knowing it.LOL
Back then my take was SMKT.OB. They had a spit 10/1 to make the merger with Texas Prototypes happen.
http://www.ytxp.com
Monday will be the official day to change the ticker symbol.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=04/28/2006
My friend at PQL reseach covert it. His is his DD:
Thx Skidos
GLTY
**********************************
Texas Prototypes, Inc (YTXO.OB)
outstanding: 94,295,715 (source: 2/19/06 Form DEF14A)
float: 10,000,000 (source: management)
PQL Position: 7,150 Shares @ .36 Average
Compensation: No Cash, No Stock
Grassroots Growth - The Texas Prototypes Story
Nine years ago, the modern-era YTXP Corporation (dba Texas Prototypes - TXP) was
nothing more than a team of engineers and designers working for Flextronics. After some
internal reorganization and perhaps some miscues on the part of Flextronics, Michael
Shores (now CEO of TXP) and his team left to form their own company with nothing more
than some equipment and $20,000.
They've never looked back.
Realizing they could fill a void for OEMs (original equipment manufacturer) to get their
products designed, pre-manufactured, and produced more efficiently, TXP set sights to
become a 'one-stop shop' for OEMs to get things done faster with reduced costs. Their
success so far has been nothing short of astounding.
Read more background on the company in the 'PQL Member Visit' section - which
contains a well-written article by one of our own who visited Michael Shores and TXP
recently!
The TXP Roll-Call
Through some not-very-difficult research (hint: watch some of the TXP promotional videos
on their website and use a media player you can pause!), we have a great idea of the
scope and maturity of companies that are using TXP. Needless to say, these are
companies that even children might know.
Company Symbol Market Capitalization
XTera Networks Private Private
Avaya AV $6B
Intel INTC $118B
Fossil FOSL $1B
Fujitsu FJTSF N/A
Hewlett-Packard HPQ $92B
Abbott Labs ABT $66B
Navini Private Private
Dell DELL $60B
Alcatel ALA $20B
TelStaat Private Private
AFC AFCE $420M
Texas Instruments TXN $54B
Efficient Networks Private Private
Raytheon RTN $20B
ST Micro Private Private
Cicso CSCO $129B
Siemens SI $84B
Ericsson ERICY $56B
Samsung SSNLF N/A
Foxconn Private $27B
Market Value of Known TXP Clients: $733,420,000,000
Valuation
TXP is a tough one to put a price tag on, because depending on who you speak to,
they'll say it belongs in this industry or that industry and try to price the company against
so-called peers. Quite frankly, I'm not going to lump these guys into the EMS sector -
because if you look at the Smith Barney 'Future of EMS 'Model (included in the TXP
Overview document on the left - page 4) you'll see that Smith Barney clearly shows that
prototype & quick turn is OUTSIDE of the traditional EMS segment - and they identify it as
high margin and high complexity.
Some companies do bits and pieces of what TXP does, but nobody I know of is really a
true all-in-all competitor to TXP. Most companies that others believe TXP would compete
against are actually a client of TXP!
Out of the gate, TXP looks to be valued a $56M company. Considering their FY2005
revenue of just over $10,000,000, it might be easy at first glance to say this company is
already fairly valued. However, I think doing so would be of great disservice to your
wallet.
As we've identified with some other companies, the market is almost always forward
looking. When you see a nasdaq or nyse company drop 5% on an earnings
announcement that they fell short of expectations by a penny - it isn't because the market
necessarily cares about a single penny - it's that the market is worried that the loss may
become a trend and signal future lower value in the company down the road. Similarly,
we've got to look at TXP a few years ahead to see what people might be willing to pay for
it now.
Let's look at TXP's past growth and see if that gives us any help:
2002 Revenue: $900K
2003 Revenue: $1.8M +100%
2004 Revenue: $3.6M +100%
2005 Revenue: $10M +177%
They have doubled revenues (or better) every year for the last three years. In its DEF14A
filing, TXP cited its prototyping business can have up to 85% margins! We'll keep this in
mind, because this should help TXP garner a premium because it is so rapidly growing.
A stock like XSNX, which rose from $.08 to nearly $3 (and still trading actively between
$1.80-$2), at one time garnered a $400M cap with absolutely $0 revenue. Even smaller
companies like GZFX have been flirting with $50M market cap with under $1M in revenue.
They don't make much sense fundamentally, but for better or worse certain stocks seem
to become and stay in favor.
Considering the following:
a) TXP's rapid growth
b) TXP's clients, which have values nearing 1 Trillion Dollars
c) The general overzealousness of the OTC:BB
d) Relatively low float and anticipated high demand of YTXO stock
e) Likelihood of YTXO trading on the Nasdaq within 5 years ::
I believe YTXO can trade around a $300M market cap within one year, which is about 30
times my estimated $10M net EPS for FY2008. This would value the company near other
high-margin technology industries like software development. At this market cap, YTXO
would command a share price of approximately $3.18 or about a 430% gain from the
current $.60 price levels.
One of the PQL members visit at TXP
Texas Prototypes, Inc (Currently SMKT.OB, Pending Ticker Change)
PQL Member 'today32' visits Michael Shores at Texas Prototypes
Please Note - This article was submitted by a PQL member for the benefit of the PQL Research audience. As such, all information is presented with the same disclosures as any other material on PQL Research. This information is not investment advice. To the best of my knowledge, the author has not been compensated by Texas Prototypes.
On the Shores…
Michael Shores ushered me into his office with an excited, welcoming smile. He was bursting at the seams, ready and willing to tell me about the fortunate direction of his company, Texas Prototypes. I could easily see that building and solidifying relationships with clients and future clients is a definite strong-suit for Michael. A genuine desire to educate all future shareholders about their business was also apparent, in addition to a Godly integrity that will serve everyone associated with Texas Prototypes well. Based upon my interaction with him, Michael Shores the man is a trustworthy, top-notch CEO of a company that is set to blaze a trail in the Pre-Manufacturing Services Sector of the Global Electronics Supply Chain. For 2 hours and 15 minutes we talked and he gave me a compete tour of the building, showing me the Design area, Layout area, Production Lab, and Photonics Lab. I enjoyed getting to see everyone working seamlessly as a team, even though the employees were of all different races, cultures, and continents.
Pre-Manufacturing Overview…
An OEM (Original Equipment Manufacturer) usually has a Product Development process that consists of three phases: Product Design, Pre-Manufacturing, and Production at the Factory. The Pre-Manufacturing phase (includes prototyping and all other things done prior to a product going into production) is typically the weakest and most inefficient link in the process. Prototyping requires a small quantity of units to be produced for debugging purposes (produce a few units, debug, produce a few more units, debug, etc.). Two things cause this process to be inefficient. First of all, the new product must have a few prototype units produced in the factory, normally causing the factory to completely shut down one of their existing lines simply so that they can make a few prototype units of this new product. And secondly, to complicate matters, the guys on the production line don’t have the same technical background as the design engineers, so communication also becomes a problem and each side can easily get agitated with one another. Since the debugging process can require multiple prototypes, the inefficiency caused by production downtime and lack of communication is severe. Michael likened the OEM’s Pre-Manufacturing efforts to pounding a square peg into a round hole. The OEM’s understand that it doesn’t work well, but without an alternative, they have decided to stick with their Product Development model even though the Pre-Manufacturing process is very inefficient. The good news for them is that their alternative, Texas Prototypes, is ready and willing to help them become more profitable.
Company History…
Originating in 1997 as one of twenty-eight New Product Introduction Centers for Flextronics, their team function was to support engineering in the Design phase of the Product Development process. In 2001, Flextronics moved their team to the Production phase in the factory, a move which bombed, causing the team to lose their client base. In 2002 after recognizing the error of the move, Flextronics agreed to allow Michael Shores to leave with his team to form Texas Prototypes. Beginning with only $20,000 of startup capital, Shores immediately went out and reclaimed their old customer base, and within 90 days, Texas Prototypes was profitable.
The Texas Prototypes Model…
Texas Prototypes has developed a brand new model referred to as the Global Product Launch Model (GPLM), making them the “bridge” between Design and Production. Instead of the OEM’s handling the inefficient Pre-Manufacturing process in house, the OEM Design engineers pass their work to Texas Prototypes, who in turn handle the PCB (Printed Circuit Board) layout, prototype production, and debugging. Upon completion, Texas Prototypes then ship the “cookie-cutter recipe” to the OEM Production factory, along with all necessary documentation. All this can be completed in less than a week, whereas it can take the OEM’s up to 5 or 6 weeks to complete in house. Because the culturally diverse team at Texas Prototypes has been doing this for 10 years, they have an extraordinary amount of expertise and experience, allowing them to execute the Pre-Manufacturing phase to perfection, while at the same time effectively communicating with the OEM Design engineers and OEM Production workers all over the globe. But most importantly, Texas Prototypes is able to drastically reduce the Time to Market for OEM’s new products, making the Global Product Launch Model a highly valued commodity for all their clients.
The Industry Leader…
The Pre-Manufacturing Services Sector of the Global Electronics Supply Chain is a $1.5 billion industry in the U.S. alone, with Texas Prototypes at the forefront with 10 years of team experience. Their clients are OEM’s, ODM’s (Original Design Manufacturers), CM’s (Contract Manufacturers), and EMS’s (Electrical Manufacturing Services), while major competitors at this time are internal OEM New Product Introduction centers and small-scale Independent Private Companies. Michael mentioned that there are several barriers to entry for the Pre-Manufacturing Services Sector. Startup costs are very expensive due to the cost of the equipment needed to mimic the Factory environment. Also, Design Engineers don’t respond well to company-wide directives telling them to use a company like Texas Prototypes to replace their Pre-Manufacturing phase. In order to earn their trust, these engineers need to hear rave reviews from co-workers in other divisions within the company that have used Texas Prototypes. This could take years and years for a startup company to develop, while Texas Prototypes has already been earning the Design Engineers’ trust for 10 years now. Finally, the expertise needed to properly execute the Pre-Manufacturing phase and be able to communicate with both the Design Engineers and Production workers is very rare. In short, Texas Prototypes has a monstrous leg up on the competitors trying to enter the Manufacturing Services Sector of the Global Electronics Supply Chain.
Smart Manufacturing for Electronics Conference…
Michael said that the Conference in San Francisco was a huge success. The speaker list included executives from Sun Microsystems, Solectron, HP, Microsoft, AMD, Intel, Motorola, Qualcomm, Jabil, and IBM just to name a few. He was able to address the entire conference for 15 minutes with an overview of Texas Prototypes. They had a booth set up right next to the coffee and tea area during breaks, so they were also able to speak with everyone who attended the conference. There’s no doubt in my mind that Michael left a lasting impression upon everyone he spoke with, and those interactions will almost certainly lead to future growth for Texas Prototypes.
On the Horizon…
With physical room for significant growth from their current location (30k sqft) and right of first refusal on an additional 15k sqft in their building, Texas Prototypes is poised for future growth without incurring costly moving expenses. Michael Shores and Texas Prototypes have their sights set on expanding and controlling this newly emerging Pre-Manufacturing Services Sector of the Global Electronics Supply Chain. I’m on board for the long haul.
Questions? Comments? Visit the TXP forum (forums link at the top - registration required) and share your thoughts with today32 and other PQL members!
I'll try again.
http://biz.yahoo.com/iw/060403/0120878.html
Stock Market Solutions Inc. Shareholders' Approval of 1-for-10 Reverse Stock Split Paves Way for Consummation of Merger With Texas Prototypes, Inc.http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B982BE846%2DD171%2D41EE%2DAFF1%2DA6D4798C2E8....
Anybody buying here SMKT.OB?
http://finance.yahoo.com/q?s=smkt.ob
Thanks Bobwins,
Glad you took a bite on the info given.
I'm hoping for more. Let's wait and see.
GLTY
Skidos
Great dd from PQL Research on DIGG.OB (Bobwins, something to bite in?)
Digital Gas Advised by Oil Shale Partner That Department of Energy Laboratory Signed Agreements on Product Development and Intellectual Property
http://biz.yahoo.com/bw/060307/20060306006316.html?.v=1
Good morning members. I was just finishing up watching 'March of the
Penguins' and to my surprise, DIGG released very powerful news
around 2am.
After reading the release and looking at some past releases, I'm
going to make an argument as to how I think DIGG could be trading at
$13 or more per share.
http://biz.yahoo.com/bw/060307/20060306006316.html?.v=1
DIGG and its partner have signed -EXCLUSIVE- product development and
intellectual property agreements with a US. Department of Energy
labratory. To me, this lends instant credibility to DIGG as their
technology is now in the hands of the DOE to bring to
commercialization. Remember, if DIGG's technology claims to do what
was outlined in the December 9th press release, the oil industry as
we know it may forever change.
Additionally, it seems DIGG is beginning to take the veil off of
some of its secrecy regarding its partner and clients in a future
press release coming in a few weeks:
>>
Digital Gas plans to introduce its partner, as well as their
strategic partners and first major clients, in a joint press release
in several weeks announcing several new developments, including
property acquisitions, strategic alliances, major funding and a
public service information website regarding energy savings,
resource production enhancement and the environmental benefits of
using the products and technologies of Digital Gas and its partners.
<<
I hate to sound so optimistic, but I believe this is the beginning
of something very big. This paragraph also reminded me of a
conversation I had with the CEO regarding the December 9th PR,
specifically the following passage:
>>
PRIVATCO has already informed Digital Gas that on just one property
of less than 2,000 acres that it owns the mineral rights to, 800
million to 1.1 billion barrels of oil are expected to be recoverable.
<<
I asked the DIGG CEO if DIGG had an OWNERSHIP INTEREST IN PRIVATCO.
He said "YES", although he declined to state the exact percentage.
To try to dance around this, I asked if it was a 'whole number' (to
rule out a fractional or sub-1% interest) and after being Bill
Clinton-esque and defining what a whole number was, he gave in and
said "We own a percentage. It's a whole number. And that's all
you're going to get out of me on this subject".
Let's lowball this to the smallest possible whole number - 1%.
1% of the lowest estimated 800M barrels DIGG stated in today's PR
that the next release would include 'property acquisitions' -- this
makes perfect sense! If DIGG were valued on par with a 1% interest
in PRIVATCO, assuming their stated numbers for recoverable oil, DIGG
would trade nearly at $13/share. If the ownership percentage were
2% .. well, you can do the math.
With only 37,000,000 outstanding, I believe putting the pieces
together between today's release and the December 9th release could
price DIGG, in the mid term, at several dollars a share and
potentially several TENS of dollars a share depending on the
information to be released.
If you don't believe that is possible, look at the chart of PTSC,
which recently moved from .10 to $1.95 ($600M+ market cap) on known
revenues of only $25M and a whole lot of good press releases.
I think all eyes will be on the upcoming announcement in a few weeks
when DIGG will seem to 'reveal all' regarding their partner, their
CLIENTS, their property acquistions, alliances, and funding.
DIGG is currently circa a $10M company -- with oil revenue
potentials in the hundreds of billions -- fuel cell royalty
potential in the hundreds of millions -- and revenues from their
waste to fuel plants in the tens of millions.
Something has to give. I will try to contact the company tomorrow to
clarify some points on the press release, but I just have a feeling
that DIGG is going to be very explosive, very soon.
I own 13,900 shares @ .28 average, and have not been compensated by
DIGG to provide coverage of their stock.
Regards and Best of Luck,
Tim / PQL Research
http://www.pqlresearch.com
Re.SMKT.OB
ScepticalOptimist,
As I want to know as much as possible on the good and the bad things we all bet our money on, I find myself posting more than I would want.
So, I'll took you reply under my arm and went to double check it. But I needed help.
Tim of PQL research, who covert the TXP/SMKT merger from day one was a great help. So, here is his reply on you're post to me.
It is not my intension to lower your credibility. Just hoping to find the right information.
Thank you for helping me out.
Skidos
The reply:
thanks for the email. let me clear some stuff up and you can repost if you'd like:
for starters, the 5% to MOBL was never protected against dilution. read the filings. TXP did indeed, at one time, issue 5% of their stock to MOBL but it is my understanding TXP internally has issued more since that transaction.
the actual stake MOBL has in TXP is much smaller than 5%, thus changing your figures for market cap..
also, regarding cornell .. they actually value the company closer to $15M as of LAST year.. see here. it's interesting, because cornell hardly EVER puts a 'floor' on a stock. they are saying that TXP is worth $15M bare-minimum as of LAST year.
<<
Cornell Capital will have the right to convert the bridge debenture at its sole option and at any time into shares of TXP's common stock at a fixed conversion price equal to 100% of a post-money market capitalization of $14,787,500 divided by the total outstanding capital stock of TXP on a fully diluted basis as of the date TXP's common stock is first quoted on the OTCBB (the "Fixed Price").<<
what you are citing in your email.. (the 165M and the 14.5M are -SMKTs- SEDA with cornell capital, NOT TEXAS PROTOTYPES. SMKT had a SEDA with cornell before TXP was in the picture. check SMKT's 10Q to verify this information. different companies.
in fact, TXP hasn't even used their SEDA with cornell yet. see the DEF14A:
<<
To date, TXP has not drawn down on the Standby Equity Distribution Agreement.
<<
i'm not going to argue over valuation models. TXP will likely do $15-20M in revs 2006 and have a client base of 40-50 of the world's most well-known companies. they will get a premium, and keep in mind t hat since they are on the bulletin board, they are even MORE likely to be priced higher than lower.
my expectation is that post merger the stock will trade between $1-2 (.10-20 presplit). that would give the company under a $200M market cap at the high end. sometimes, it's not all about how much you earn, but what your intangible value is in terms of who you're 'in bed with'.
TXP, sooner or later, is going to be a nasdaq company and simply because that is already apparent, the stock is going to be one everyone will want in their portfolio.
earnest and young, intel, dell, foxconn, flextronics, hp, etc.. ALL can't be wrong. TXP is going to be a major force in the tech industry!
let me know if this clears stuff up?
--
tim
SkepticalOptimist,
I have no brain for understanding P/E ratio's. How did you come up with the number 27 for SMKT.OB/TXP?
Please explain me how to calculate it.
Thank you,
Skidos
SkepticalOptimist,
I don't know exact the answer to your question. But this is what I remember from PQL reseach(they covering the TXP story).
Michael Shores, CEO of TXP, wanted to create a shareholder base. Also to my understanding, IPO cost more. Several large banks had interest to bring TXP public.
All this info is 2e hand. I'll try to locate it later.
So, don't pin me down on it.
Maybe Jay Wright is behind it? CEO of MOBL.OB. Mobilepro owns 5 percent of TXP. Dividends will be paid to Mobilepro shareholders as soon TXP is public.
Hope this helps.
GLTY
Skidos
Pfff
That explains it! I didn't realize.
I will be more carefull.
Thx Skidos
Lentinman,
I truly apologize for my posts that where not on the right board. Nor did I know it was wrong to post information about SMKT.ob on the board of ZipCodeChangers. I thought I could!?
You're words:
"If you want to discuss that type of stock with some of the same people, please post on Zip Code Changers (ZCC)
Len"
Ok?
I'm new, not used to posting and my english is bad. Plus I don't want people to be angry with me.
Again sorry.
I'll give it an other shot as soon as the merger finalize.
Thanks for the time,
Skidos (unable to send you this private)
Here you go: SMKT.OB is the shell for Texas Prototypes.
Merger to be completed by end of March
Gentlemen,
Hey, new to this board. I think I found a "value" stock before listing. Here's what I fund is a good read. The ticker is SMKT.ob. The merger is to be completed by end of this mounth.
The waiting was long, but sure worth it.
An old post of PQL-reseach:
Good evening members. Today the Texas Prototypes website appeared to have been updated and there was some additional information in the media section. Of note was a 2 minute video from Earnest and Young regarding Michael Shores Entrepeneur of the Year award.
The video has some good looks inside the TXP facility, shows TXP staff, and we get a glimpse of the client list (horray!).
http://www.texasprototypes.com/uploads/txp2.wmv
Pause the video at exactly 1:55 and you'll see the client list as follows:
XTera
Avaya
Intel
Fossil
Fujitsu
Hp
Abbott Labs
Navini
Dell
Alcatel
TelStaat
AFC
Texas Instruments
Efficient Networks
Raytheon
ST Micro Technologies
Cisco
Siemens
Ericsson
Samsung
I'm sure you will agree this is truly an astonishing list of 'who's who' in the tech industry. These all are big names, big-board companies who rely on TXP to fulfill their businesses.
TXP stock surged late in the day today, perhaps as others noticed this video as well.
I still wholeheartedly believe that TXP could and should be trading at .10-20 ($1-2 post split) when the merger is completed. There will be detractors who will complain about the market cap ($180M at $2), but I continue to reiterate that the stock market is almost always about the future - and TXP certainly deserves a premium for what may be one of the most impressive bulletin board companies the market has seen in a long time.
I did have to sell some stock (booo) to pay some critical bills, but I am still holding 150,000. Keep in mind I trade for a living and RARELY keep a position this large for so long -- such is my faith in TXP to provide me a stable, significant return from these levels.
Regards and Best of Luck,
Tim / PQL Research
Another one from PQL:
TXP Fundamentals:
FY2005 PQL Projected Revenue: $10M (See 'Project' Below)
2005 6mo Revenue: $2.5M
2004 6mo Revenue: $1.5M
Revenue Breakdown:
Material and Supply: +104% on 5-25% Margins
Prototyping: +47% on 60-85% Margins
Overall: +74% Year over Year
The Project?
TXP is taking on a $5,000,000 project which is outlined in this 14A. It looks like they've also purchased a boatload of inventory to ulfill it. It's important to note they have -NOT- booked revenues from this project yet, and I believe next quarters 10Q will again show a SUBSTANTIAL gain in revenue and income because of it. Needless to say, projects of these sizes are very encouraging.
<<
During the six months ended June 30, 2005 we used $401,000 in
operating activities compared to using $40,000 during the six months ended June 30, 2004. The primary sources and uses of cash for the six months ended June 30, 2005 were directly related to a $5,000,000 customer project (the "Project"), which began in Q2 2005 and is expected to be completed in Q3 2005. No revenues or costs from this Project have been recognized as of June 30, 2005. The increase in inventories of $3,529,000 is directly related to materials purchased for this Project, as is the increase in accounts payables of $2,668,000. The Accounts Receivable increase of $831,000 and
increase in Accrued Expenses and Liabilities of $1,493,000 also
directly relate to the Project as we billed the customer in
accordance with our agreement with them. The billings were deferred and will be recognized as revenue along with related costs upon project completion. The total amount of deferred revenue as of June 30, 2005 is approximately $1,500,000.
<<
Small Loss Should be Forgiven
TXP is looking at a 6mo net loss of $381,000 so far. I attribute this primarily to the $353,000 net difference between 2004/2005 in administrative fees, which I believe has accured due to the tremendous cost of going public. It is also worth noting that prior to this year (which has seen exponential revenue growth), TXP was in fact turning a small profit, making $86,000 in 6mo 2004. I believe TXP will return to net income the following quarter.
Customer growth is very sound, and I like that they are relying less on the major ones as new ones roll in. 40 in 2004 and imagine that number has already grown in 2005.
>>
TXP grew its customer base from twenty-five customers in 2003 to forty customers in 2004. TXP's five largest customers accounted for 73% and 95% of total revenue in 2004 and 2003, respectively.
<<
The Bottom Line:
TXP looks to be exactly what we had hoped for, a truly emerging
company with solid existing revenue, a top-name customer base, and a brand new start on the OTC:BB. Revenues for 2005 should be close to or surpass $10M based on the $5M project outlined above.
The most exciting aspect of TXP is the growth. Everywhere you look the company has made leaps and bounds in only one year. Whether it be adding employees, clients, or revenue, they've made significant strides. Remember that when MOST companies are valued they are valued ahead several years of their financial performance. Can you imagine if TXP is given a 3 years of this kind of growth?
And another one:
Good morning members. I received a TON of emails pointing me to the new 14A released yesterday - it appears that SMKT is more than alive and well in the hearts and minds of PQL members. =)
Of importance in the new 14A is TXP's Q3 numbers, as they directly help us put some sort of value on TXP.
Q over Q:
Q2 revenues: $1.47M
Q3 revenues: $5.98M
Increase: $4,420,000
The revenue was attributed to a $5M 'customer project' we now know was of the PHOTONICS nature. This is great because it appears this is TXP's first booked photonics revenue - it wasnt even on their balance sheet last quarter.
Q2 net income (loss): ($79,000)
Q3 net income (loss): $454,000
Increase: $533,000
FY 2005 9 Months Ended:
Revenue: $8,575,000 (On track to meet PQL's $10M estimate FY2005) Earnings: $29,000
--
While we'd all like to see the earnings number a little higher, keep in mind the tremendous cost TXP has assumed this year with the cost of going public. I believe when the merger is finally completed you'll see the administrative costs reduce accordingly. Consider this:
9 Months Ended 2004 Admin Costs: $1,051,000
9 Months Ended 2005 Admin Costs: $1,810,000
That's nearly double that of last yeaar. When TXP can stop paying their lawyers (and SMKT's lawyers, I imagine) for all the merger- related work, you will see them able to recover some of these costs into earnings.
TXP has yet again doubled revenues for the fourth year in a row now - a quarter early (even if they did -0- revenue Q4 they'd have doubled the entire FY2004 revenues).
I appears that business is booming over at TXP and when the
tremendous expenses associated with the merger are finally out of the picture, we should start seeing even stronger results from TXP.
I currently have 60,000 shares @ .025 average and have not been
compensated by SMKT/TXP for coverage of their stock.
Regards and Best of Luck,
Tim / PQL Research
Yep, more:
Good afternoon members. I finally got some time to really look at the 14A, and I was absolutely shocked to see TXP has disclosed the customer for their $5.2M photonics project -- none other than tech giant FoxConn.
>>Marketing and promotions and travel decreased by $26,000 and
$16,000, respectively, as the company and management focused on the execution of operations especially the $5,240,000 pre-manufacturing services project (the "Project") subcontracted to TXP from Foxconn, a large tier 1 contract manufacturer. <<
http://www.foxconn.com
Never heard of them? Here is some DD on just how big these guys are. Needless to say, this is yet another example where Texas Prototypes is working with another of the world's largest technology companies!
http://www.evertiq.com/newsx/read_news.aspx?newsid=2647&cat=1
>>
For 2005 Foxconn's revenues reached approximately US$5-6 billion which was up compared to US$3.3 billion in 2004. For the fiscal year 2006 Foxconn expects to rise further in revenue, at least 30%.
Rumors said that Foxconn would acquire the Taiwan based CCL provider Uniplus Electronics but that was declined to DigiTimes by Foxconn's spokesman Vincent Tong.
<<
http://www.digitimes.com/systems/a20060113A2003.html
<<
Recent evaluations by investment banks Goldman Sachs and JP Morgan have pushed Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) to a peak market value of NT$854 billion (US$26.7 billion), according to market sources.
>>
If Goldman Sachs and JP Morgan both cover Foxconn, and believe they worth $26.7B dollars - don't you think someone is going to start to notice TXP is getting some of their subcontracting work? Even post- merger, TXP will be a tiny $30M operation. Even at the $100M level where I believe it deserves to (and should) trade, TXP has quite a bit of growth ahead of it.
http://www.hardwaresecrets.com/article/22
(See Table Two)
I currently own 60,000 shares of SMKT @ .025 average. I have not been compensated by SMKT/TXP to provide coverage of their stock.
Regards and Best of Luck,
Tim / PQL Research
Lentinman,
Ok, I accept the rules of this board. I will follow your advise. Thx
Hope the merger will be soon completed because I'll be back to "bug" you guys! LOL
Thx, see ya
Skidos
Don't see Mobilepro, neoreach or even strix mentioned
Maybe you can put MOBL.OB on your list?
city wifi contracts should do good in 2006
Maddog, can you post them?
Here's my email in case you don't want anybody to know that you only took photo's of Jay's feet. LOL
steve.schiets@telenet.be
Does someone have picture of the last meeting (CC) with Jay and his team.
Thanks