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My average is under 10 cents, but it was in the summer and stock price was consistently lower back then.
Not much has changed, still a shell
Mack
Whats Next?
Bought some shares and now will just sit and wait.
Maybe update the IBOX
PGRD - Float hard to tell at this point
In, the last 10-K this year, insiders controlled 1.395M of the 3M OS leaving a float of around 1.6M shares.
However, it looks like someone bailed over the last 2 weeks as there were just about 3/4M shares traded.
This may have been some insiders bailing or some people who loaded up due to Khazam bailing. Either way, as the OS is only 3M, the float is reasonably small.
PGRD has some attractive demographics for a shell
- Currently .08
- bid .06
- ask .10
- OS 3 Million shares
- $240K Market Cap at .08
- Florida Registrant
- no preferred
- $92K cash
- $122K due to PGRD from an affiliate, collecting interest
- Less than $6K in liabilities
- This makes over $210K in Stockholder equity
- Authorized Shares are 50M, leaving plenty of room for a nice reverse merge with a very small (or no need for a) reverse split.
Many companies on a reverse merge overdo a reverse split and don't leave enough free trading shares. Having 3-4 million free trading shares is ideal for a legitimate company merging in that has a real interest in moving to a better stock exchange. Buying into a shell is all a lottery ticket anyway, but at least this one has some positive positioning
PGRD appears at this point to be a shell.
First on Feb 17, 2009, they agreed to merge with a company called Khazam as described below in an 8-K:
On February 9, 2009, the registrant entered into preliminary
negotiations for the merger of Kahzam, Inc., a Florida corporation into
the registrant. Kahzam, Inc. is a fully integrated search
engine/portal designed with both the advertiser's end user in mind.
Kahzam's objective is to build the leading Pay Per click Search Engine
& Community Portal (www.Kahzam.com) aimed at protecting user privacy.
Kahzam offers its users email, instant messenger, news, weather as well
as many other valuable services, but the most important feature it
offers its members is "PRIVACY". Kahzam does not keep the browsing
history or invade its user's private emails in order to push content
specific advertising to them.
The parties have verbally agreed that the exact terms of the merger of
Kahzam into the registrant will be determined upon completion of the
year-end audits of each party.
Then in May, another 8-K announced the merger was off:
On May 11, 2009, the registrant terminated all negotiations regarding
the merger of Kahzam into the registrant due to Kahzam's lack of
response and cooperation.
On February 9, 2009, the registrant entered into preliminary
negotiations for the merger of Kahzam. Kahzam is a fully integrated
search engine/portal designed with both the advertiser's end user in
mind. Kahzam's objective is to build the leading Pay Per click Search
Engine & Community Portal (www.Kahzam.com) aimed at protecting user
privacy. Kahzam offers its users email, instant messenger, news,
weather as well as many other valuable services, but the most important
feature it offers its members is "PRIVACY". Kahzam does not keep the
browsing history or invade its user's private emails in order to push
content specific advertising to them.
The parties had verbally agreed that the exact terms of the merger of
Kahzam into the registrant would be determined upon completion of the
year-end audits of each party.
PGRD - time to wake up an old board.
26 months since the last post, would like to update the ibox to reflect current status, but need to add some postings to be considered for moderator.
Apologize in advance for the redundancy
Mack
Picked up some PGRD as a bottom fishing shell play
.055 x .075
Someone has been dumping and the MM's seem to have more shares than they want, got some fills on bid (.06).
Seems like what remains of PGRD is a shell that recently had a reverse merge cancelled. What remains looks like a nice pickup on a possible future shell play. Longterm only.
3M OS
180K Market Cap at .06
Looks like it has about a .07 book value.
No Preferred.
Nice Find Curber!
I have been in and out of CTDH many times over the last decade and its good to see some attention to cyclodextrins. They have some interesting properties and i've been amazed by products like Fabreze and the like that use them to capture odors.
This is the first i've seen of possible important medical implications. There is a long road ahead as to whether cyclodextrins really can make a difference, but if they do it does open up a lot of potential. I hope at least they do provide some benefit for the twins.
What CTDH really brings to the table is experience and being the US distributor for Cyclodex Hungary, which is the link right below it. Definitely something to keep an eye on.
Good work!
Mack
thanks,
appreciate it.
Mack
prdponce - regarding ESYM
I did not realize they had 50M+ outstanding right now. According to their filings they had 8.3M+ outstanding on April 14th, an S8 for 10M shares on March 24th and then 18.8M+ outstanding on May 20th.
Is your information directly from the company or a transfer agent?
Tia,
Mack
AGCI - In OTCBB filing compliance again
This is the other one I hold. Just a shell, nothing too exciting except the market cap on the common stock is around $144,000.
Just waiting for a reverse merger which may be a long wait
Current Snapshot
- OS 9.6 Million
- Float 9.5 Million
- bid .01
- ask .015
- Market cap $144,000
- little debt
- positive shareholder equity.
- Just completed 10K's and 10Q's
The big caveat here is the principals hold their stock in preferreds. Thus a reverse merge is less likely to be good for the common holders. Still a good lottery ticket.
SSHZ - The other Sino
This is the old AMDI which went through a nasty reverse split. A few month ago it performed a reverse split into "Sino Shipping Holdings".
The reverse split was guided by Fountainhead Capital Partners Limited who was the majority holding in the original AMDI at the time of the reverse split. Fountainhead cut itself a sweet deal in the reverse merge, ending up with around 4% of the company. They did not leave many scraps for us minority holders.
SSHZ itself is now interesting and worth looking at. NITE let me pick some up over the last week at $2.25 and under and seems to be the only market maker genuinely active.
Current Snapshot
- bid $2.25
- ask $3
- OS 24.63 Million shares
- Top 8 shareholders hold at least 24.35 Million Shares
- 7 of those top 8 shareholders hold less than 5% of the company
- Shareholders Equity (March 31, 2008) $20,823,362
- 1st quarter revenue - $5,303,837
- 1st quarter profit - $1,569,226
- 1st quarter profit/share - 6.4 cents per share
Hard to tell where this one is going, they seem to have a nice cash flow stream but little history. They have not bothered to publish even 1 PR with the reverse merger.
My hope is they are aiming for the Nasdaq Global Market. They clearly have the equity/revenue/profit to qualify. It may be they currently don't have enough freely tradable shares as yet as the reverse merge was so recent.
This is one to study, if they continue to show current profit streams it gives them a PE of around 12 at $3.00 per share.
Zeev, thank you for all the wisdom you have shared over the years, you have unselfishly helped so many. I have learned a great deal from your insights that have been a great benefit to myself and my my family.
Rest in peace
Thank's, your share numbers look about right.
Who's your broker? Ameriturd doesn't have mine yet.
Mack
Anyone holding from KTWO get their ABCC shares yet?
Mack
Yes very good news!
I do like the 10% of post split shares issued part, thats a nice percentage for a reverse merge.
Thanks,
Mack
I really like the 10% ownership of post reverse shares part of this. Thats a real high percentage for a reverse merge. Worth waiting out.
Mack
Merry Christmas Pat!!!!!!
Mack
Not a great buy as yet, but I'm slightly green at the moment.
Interesting bankrupcy plan, seems well planned out. Hopefully by the end of November we'll know if there is anything left and if this is a good play or not.
Looking forward to see if it was Insiders or Institutions that dumped last week.
Mack
DLWI - Interesting Shareholder information:
This information is 1 year old, but it shows that institutions and insiders held nearly the entire amount of the OS of the company. So it appears yesterdays dump was likely a combination of some institutions getting a Chapter 11 company off their books and some insiders locking in some capital losses for 2006. Before yesterday, there looks like there was only 1 day over the past year with volume greater than 100K , so most of these shareholders were still in before yesterday. Look for a rash of Form 4's over the next month.
At some point the dump will stop as already it seems 1/2 the below have sold and some will just hold from this point.
Mack
****************************************
STOCK OWNERSHIP OF PRINCIPAL SHAREHOLDERS
AND MANAGEMENT
The following table sets forth certain information as of September 14,
2005, regarding the beneficial ownership of the Company's common stock by (i)
persons beneficially owning more than five percent of the common stock, (ii) the
directors, (iii) the executive officers named in the Summary Compensation Table
under "Management Compensation", and (iv) all current directors and executive
officers as a group. Unless otherwise stated in the notes to the table, the
Company believes that the persons named in the table have sole voting and
investment power with respect to all shares shown as beneficially owned by them.
SHARES
BENEFICIALLY
BENEFICIAL OWNER OWNED PERCENTAGE
Towle & Co. (1) 779,150 12.9%
12855 Flushing Meadow Drive
St. Louis, MO 63131
Franklin Resources, Inc. (2) 555,000 9.2%
Franklin Advisory Services, LLC.
Charles B. Johnson
Rupert H. Johnson, Jr.
One Franklin Parkway
San Mateo, CA 94403
Aegis Financial Corporation (3) 516,149 8.6%
William S. Berno
Paul Gambal
Scott L. Barbee
1100 North Glebe Road, Suite 1040
Arlington, VA 22201
Dimensional Fund Advisors Inc. (4) 410,842 6.8%
1299 Ocean Avenue, 11th Floor
Santa Monica, CA 90401
E. Erwin Maddrey, II (5) 883,700 14.7%
233 North Main Street, Suite 200
Greenville, SC 29601
Bettis C. Rainsford (6) 679,484 11.3%
108-1/2 Courthouse Square
Post Office Box 388
Edgefield, SC 29824
Buck A. Mickel (7) (8) 441,886 7.3%
Post Office Box 6721
Greenville, SC 29606
Micco Corporation (8) 310,158 5.2%
Post Office Box 795
Greenville, SC 29602
Minor M. Shaw (8) (9) 404,088 6.7%
Post Office Box 795
Greenville, SC 29602
8
Charles C. Mickel (8) (10) 402,351 6.7%
Post Office Box 6721
Greenville, SC 29606
J. Patrick Danahy (11) 2,611 (19)
William F. Garrett (12) 302,460 5.0%
C. C. Guy (13) 19,467 (19)
Michael R. Harmon (14) 9,437 (19)
Max Lennon (15) 24,117 (19)
William H. Hardman, Jr. (16) 32,927 (19)
Donald C. Walker (17) 23,997 (19)
DLWI - Picked up a Mack sized portion on the cheap.
First real purchase I have made in near 1/2 year. Looking for a longer term hold with a hopeful dead cat opportunity to get to free shares.
Company went Chapter 11 yesterday with plan to liquidate operations and pay off creditors. Thus it looks like no replacement issue of common stock is likely, nor does it look like they will be issuing stock. The hope is that remaining assets will pay off creditors and they will see the current common stock as an asset to spin off to someone as a shell.
As of last 10Q, company had decent positive shareholder equity but this was concentrated in its property value and cash flows were very negative forcing them to default on their debt covenants. It is not unreasonable that the bankrupcy and liquidation process will allow creditors to be made whole and the common stock will survive for some brand new purpose.
The good news, 6M OS at current price of .014 gives the whopping market cap of $84,000.
Hard to imagine there is much stock left to dump as probably 2.5M shares were sold yesterday out of 6M. Possible this also may have a nice short position as company financial troubles were well documented over the last few years.
Will take a while to play out, but short-term bounce is quite possible.
Mack
Very good post, and so true!
As for my favorite oil play, I am now ready for them to take her back down again so I can reload. Under 2 again would be nice!
Hope all is well!
Mack
Wow, caught my eye today too.
I sold my stash at .25 before the summer so I left quite a bit on the table, but still was a very good one.
Hope all is going well, planning on taking a few more months off.
Mack
AMDI - 8K out today, change of control
Paid $700K for 55%, offshore entity.
Hope all is well, may get back at things in a few months....
Mack
Yecch!
I think at this point its a combination that its now June and the outstanding legal issues. Not much incentive to pay .20 to buy in any significant quantities right now.
Nasty out there right now........
Mack
NPOWR-KTWO
This kind of stuff is why I am holding onto this one. Probably won't pan out, but if it does it will be a good one!
http://blog.itvt.com/my_weblog/2006/05/npowr_named_com.html
Hey Pat, have been about 95% sells over the last few months and am very liquid. Been paying attention and see you're doing pretty well!
Still holding all my KTWO, but have holding only fractions of my other holdings as I have been able to shed them at very agreeable prices. Overall, quite a good year.
May tinker a bit through the summer when I'm bored but doubt I'll get in too deep before the fall. Markets seem especially turbulent right now anyway.
Thanks for asking! Stay well!
Mack
Very nice, been waiting for this one to pick up again.
Looks like we will get the 10QSB shortly and a 1:3 reverse split near the end of the month.
I am still at full power on this one, the business model looks interesting and some of the players have legit Hollywood connections. If it turns out to be more substance than vapor, it may just have a shot at the Naz. Worth waiting to see what we got as KTWO is still reasonably cheap compared to the going rate for shells.
Thanks for the info!
Most Outstanding Action - Topnotch
Jellin' Like Magellan
Yes Mainlander so it makes for nice lotto ticket.
Hopefully has some plans for the shell in lieu of the dilutathon the other owners were running.
Mack
Out AKJM
Likely has more run, but got more than I planned for so I'm happy. You got me started on this one so I have to thank you.
Running out of stocks to hold, right on schedule.
Mack
New SRLT Owner - Zujun Xu - owns 8.8M out of 12.5M
Pat you been following SRLT events
As we suspected, diluted to OS of 12.5 million, although insider holdings remained at 70% so float only grew about 2.5 million in total.
Whole new ballgame....
I second that!
Still some time for some runs, but overall a trend toward liquidation at this time is annually the best play.
Mack
Love your truck collection!
Good time to be picky about the prices you buy at, this is the time of year I usually unload my trucks.
The best one I have still loaded up that hasn't moved up much is KTWO. Hopefully they will finalize the RM in the next few weeks. There will be 1:3 RS, but the candidate has an interesting business model. Not a bad buy around .07-.08 when they put it on sale.
Mack
ONSP, another one we were too early on....
.... we are soooooooooooooo stupid......
I see at .35 the market cap has reached the astronomical amount of $381,000, lol!
Mack