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Mets: Light at the End of the Tunnel
Here’s Mike Francesa on the Mets’ future after his interview with Terry Collins today:
“But I’ll tell you what, Met fans, you are going – it is going to be appointment television when Harvey pitches because he’s that good. And when you have a pitcher like that, that really gives you excitement, it gives you something to build around. And knowing you have an all-star catcher coming, and knowing you have another ace coming in Wheeler, and having Niese as your third guy. And thinking, if you’re the Mets – and I want to – on a spring day, on the first day of spring – and the Mets have had nothing to think about positive for a long time – if your core is Harvey, Wheeler, Niese, Ike, Wright, D’Arnaud, you have the core of a winning baseball team.
“You have two top right-handed hurlers, who could be Ones, a lefty who can be a legitimate Two, an all-star catcher and two corners who can be all-stars. You can build a team around that. You take like an Ellsbury and put him in center field and start to build around that team, put a closer in there, sprinkle in the other parts, and you have a 90-win team there with that team.
“Now Wheeler’s got to be the real deal. You’ve heard Terry say he is. Terry told you that D’Arnaud is a no-brainer. I’m telling you this, Harvey is going to be a big star. A big star. And I think you’re going to see it soon. And that’s got to give you some excitement. When he goes to the ballpark – Mets should pitch him on opening day just to bank on the excitement – but Met fans are going to – and the Mets fans have flocked to the ballpark at times in their lives for pitchers, you know that. He’s not going to be electrifying like Doc, he’s not going to be Dwight Gooden. He’s not going to go out there and be Dwight Gooden, but you know what, he’s going to go out there and be an ace, and go out there and expect to win. And you know what, he might be a Verlander. And that’s pretty good. I mean that’s as good as it gets right now. I mean Verlander and Kershaw are the two best pitchers in baseball. Throw Strasburg in there, that’s probably the big three there right this moment as Halladay, Doc Halladay, gets older and seems to have lost a little something. But this guy, he can be that good.
“And the Mets, you see a little future here now. They still have to go out and purchase some outfielders in the worst way, but you can see a little bit of a future here now for the Mets because of the fact that you have Wright, who’s an all-star, you have Ike, who can hit home runs at first, Niese is a good, solid pitcher. And if you put those two kids who can really pitch at the top of the rotation and then put an all-star catcher behind them. Good building blocks, legitimate building blocks. You might finally see the light at the end of the tunnel here.”
This was near the end of the SKS presentation last August at the AFCEA conference. When I first heard it, I thought he was saying that initially Samsung had thought they could go forward without the TPM in hardware, but had been convinced that hardware was better. Now I’m not so sure. Perhaps he was trying to get the DoD to do the convincing – and they haven’t.
http://www.slideshare.net/CatalystIR/wave-s812
“This is the architecture for Trusted Platform Module in an ARM smartphone. Because Microsoft has put the technology into the Microsoft mobile products, we’re now getting it built in to all the major device manufacturers, in through their silicon. And so within 2013 we’ll start to see broad availability of smartphones with Trusted Platform Modules on them. Ask for them. Define the minimum requirements of what you need in hardware. My conversation with people like Samsung is, “Oh, they don’t need hardware, we’ll just emulate the TPM in software.” Really? How do you feel about that? Want to take the fundamental security component of the entire security of your enterprise mobile network and move it to a virtual software image?”
"DVD and Blu-ray are still Hollywood’s big earners, while iTunes dominates online VOD"
First part of short article:
01.02.2013
http://www.siliconrepublic.com/digital-life/item/31291-dvd-and-blu-ray-are-still/
NPD Group’s ‘Monthly VideoWatch’ and ‘VideoWatch Digital’ consumer trackers take a look at how the US internet population is watching movies. Surprising as it may seem, sales of video discs – be they DVD or Blu-ray – are still Hollywood’s largest source of home-video revenue, accounting for 61pc of home-video spending on movies in 2012.
This is a drop from 64pc in 2011, but NPD attributes the decline to a 7pc fall in prices for Blu-ray discs.
“There is a significant base of video customers in the US who continue to be comfortable with physical formats, and a large majority haven’t made the complete transition from discs to digital video,” said Russ Crupnick, vice-president of industry analysis at NPD Group Crupnick. “For the time being, at least, consumers still like to own and rent movies and TV shows on DVD and Blu-ray, even in a world of where connected devices and digital rental, streaming, and ownership options are becoming more accepted and commonplace.”
Internet video-on-demand
But when it comes to the next generation of film consumption, online is where it’s at. For the internet video-on-demand market, which includes paid-for video-on-demand services from cable, satellite and telecommunications providers, market share has increased by 1pc to 12pc in 2012....
Nice find, barge. Anybody know what she means by “poor BIOS support”? I don't recall ever hearing anything like this about what's been delaying SED adoption.
So here we have Steven speaking directly about the DISA Non-Person Entity PKI program (the one that’s supposed to start rolling out in spring 2013 and was the subject of this thread, which started with message #227518.) He seems to confirm here that Wave/TPM is not involved.
The excerpt below is from message #228680 posted here on November 20th. It is part of a comment from Steven in the LinkedIn Security Leaders Group forum. I added a couple of commas to his words. (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81668271)
“I could make a very strong argument that TPM should have i's own category. While we have failed to get NIST to pay enough attention to establishing FIPS or a waiver, the government requires TPM for Protecting bitlocker keys, but then some are confused if it can protect Microsoft Crypto API keys like wireless and VPN and continue to use the windows registry. This includes the DISA Non Person Entity program that consistently has stood behind the IT's NOT FIPS so we don't have to do it correctly. I stopped pushing that group 2 years ago and they still have to make any progress.”
From the AFCEA presentation in August (around minute 30):
“We just completed a pilot, or we’re in the final stages of a pilot, at NSA. Guess what the #1 thing we learned in the pilot was. You’re going to love this. It is way cheaper to turn on the TPM before it’s deployed as opposed to automatically turning it on in the network.”
I see that you’ve the put the infamous business in hand comment in quotation marks.
Yes, but there’s nothing in this presentation to suggest that that’s what they’re using for this PKI rollout. Aren’t there other methods for deploying a PKI system? Again, I hope you’re right, but there doesn’t seem to be any particular reason to believe that is the case here. Are you basing your opinion on ERAS capabilities only?
This presentation is from April 2012 according to its Properties.
Would Steven have been so frustrated at his AFCEA presentation if Trusted Computing/TPM turn on was all set to roll out next spring? Would he have plaintively said near the end, “So I don’t know what the plan is. It just seems to me that we have – we’re reading about the plan in The New York Times but when we get on down on the ground and we have an identity conference about it, everybody wants to know where it is.”
I hope you're right, but how do we know? Why aren't TPMs mentioned?
Are you saying that this program will use TPMs for device identity on some devices but not on others? For example, on the Mobile Devices page (should be slide 16), it talks about their “PKI capabilities.” We know none of them have TPMs yet.
Didn’t Pricewaterhouse have a whole PKI system in place prior to moving to TPM usage?
If they were getting all set to roll out device identity using TPMs, wouldn’t they be preparing already? In the AFCEA speech Steven indicated that DoD is not even doing the things shown on the final slide. For example, "Key every TPM prior to deployment of the machine." This presumably is because they found out in the NSA trial he mentions that it is much cheaper to do it before deployment - but they're not doing it yet apparently.
There doesn't seem to be any indication that this has anything to do with TPMs.
Yes, he was talking about Wave’s precarious financial position, so this paragraph could certainly be covering two aspects of the subject.
CHECKS. If Wave is getting $1.5 million for the DoD WEM pilot, then I wouldn’t necessarily think the check remark would be directed to the DoD. What came to my mind there was Samsung, where Wave has spent a few million dollars with no return yet (as far as I know) - not that I believe that Samsung is what he was actually referring to.
THE $5-6 MILLION DEAL. I don’t remember him putting a dollar amount on the flood delays and I don’t remember any other mention of a $5-6 million deal or two deals for $8-10 million. I also interpret “falling off the table” to mean that the deal he just mentioned is no longer in the pipeline.
A guessing game.
Thanks for responding.
It sounds like you’re saying that Wave is so amateurish that they just thought there was a $5-6 million deal. I wouldn’t be surprised to hear that Wave acts in an inexperienced way, but what you describe sounds pretty extreme.
On the other hand, “not knowing much about the purchasing process” would explain the discrepancy between projections and results that we see.
Thanks for responding.
Anybody know what this is referring to?
Near the end of cc:
SKS: We see real customers in real scale asking us to do real things for them. Now, we need to get them to actually write us real checks, so that they pay for the work that we're doing. And we've demonstrated we can do that in the past, we've demonstrated it more than once. We had a gap [?] at the end of last year that we're still suffering from, and it was a $5 to $6 million transaction that fell off the table. And if you put $5 or $6 million back into the picture, it wouldn't be perfect yet in the first half of this year, yet it would be vastly better than it’s been.
CCWIF is very lightly traded.
The quote from the Toronto Stock Exchange for CTW can be found at:
http://tmx.quotemedia.com/quote.php?qm_symbol=ctw
Lots of disappointments with this company. My personal belief is that customers are waiting for the upcoming improved versions of the Vindicator, which should be both better and cheaper. They should be coming later this year.
Two potential problems:
1. Will the company need to raise cash again before substantial orders materialize?
2. They may have to sell a great many Vindicators just to break even.
AFIL Shortfall Agreement
Per the SHM:
1. It looks like Moviesam was right: HH started out with a shortfall guarantee, but it doesn’t seem to be there any more. (See Section 4 below.)
2. Eric had little faith in the movie to begin with. (See bolded part in Section 1 below.)
3. Fred didn’t like it either. (See Section 3.)
4. The stars were not committed to help publicize it. Remember how surprising it was when the stars didn’t show up at the NYC opening and then didn’t do any promo for it? (See underlined part in Section 1.)
So HH put another large debt on the books for a movie they didn’t think would do well?
What went on here? What happened to the shortfall agreement? Did MGM put something over on them??? Did they do this to start a relationship with Patriot Pictures??? It doesn’t make sense to distribute a picture you have so little faith in without the protection they thought they had.
Off balance sheet fund
It’s a pretty onerous task to transcribe the meeting, but here is the part about the $5 million fund. (I’ll post the parts about All’s Faire in Love soon, including the question you were referring to in your post #92781.)
The words in italics were emphasized by Eric.
ERIC. Somebody is asking to “Please discuss the $5 million revolving line of credit mentioned in the PR.” Actually what we mentioned in the PR is that we are pursuing off-balance-sheet line of credit that would be up to $5 million and I don’t even think line of credit is the proper term, I don’t think we used the term line of credit because that implies that it is payable back, which really ______ – what we’re attempting to structure, and I talked to the people just yesterday about it, is an off-balance-sheet fund where a group of people or company puts up the money to acquire and release the films, and we get a distribution fee. It becomes risk-free for us and therefore we think that’s an attractive way for us to release more films.
FRED. A revolving fund, whether it be a line of credit or otherwise, is only one of the ways that we’re talking to people about going forward with financing future projects.
Walmart from January 2012 SHM
Ticker Change from January 2012 SHM
As I remember the meeting, they honestly stated that the debt problem is significant and that the lack of cash (which is being soaked up by the debt) is interfering with their ability to run the business. They also honestly reported that Hogan/Taylor is going to carefully review the Library Valuation, which to me implies that HT questions whether it is an accurate reflection of the Library’s value.
Since the debt is so serious for this tiny company (interfering with their ability to run the business) and since by far the greatest part of equity is the Library Valuation (which is questionable) I think this debt/equity measurement is not very meaningful.
An important take-away from the meeting is that they seem to be trying to present things truthfully. Let’s not ignore what they say.
CTW has three main customer segments:
-- Wind Farms
-- Wind Turbine OEMS
-- Wind Resource Assessment Companies.
This PR reports on the wind resource assessment customer, Axys Technologies.
And note that wind farms need assurance that the Vindicator is a reliable piece of equipment.
http://www.catchthewindinc.com/news/catch-wind-reports-offshore-wind-resource-assessment-breakthroughs
Catch the Wind Reports Offshore Wind Resource Assessment Breakthroughs
WEDNESDAY, JANUARY 11, 2012
Company highlights the first deployment of the WindSentinel™ on the Great Lakes
CHANTILLY, VA, Jan. 11, 2012 /CNW/ - Catch the Wind Ltd. (TSXV: CTW), providers of laser-based wind sensor products and technology, today reported that the first ever deployment of the Vindicator® Laser Wind Sensor (LWS) in the AXYS Technologies Inc.'s WindSentinel™ offshore buoy was an unprecedented success, providing wind profile information from the Great Lakes to wind resource researchers and analysts at Grand Valley State University, University of Michigan and Michigan State University.
After 45 days of testing on Lake Michigan, Dr. Guy Meadows, Director of the Ocean Engineering Laboratory, Department of Atmospheric, Oceanic and Space Sciences, University of Michigan, reported that this was the first time they had actual data of the detailed vertical structure of the marine boundary layer over any of the Great Lakes and that this buoy had provided a truly unique data set, which will be very useful in forecasting wind and wave circulation across the lakes, as well as aiding in Search and Rescue (SAR) efforts. "Especially valuable," he said, "was the turbulence data during the approach of severe storms and fronts." Dr. Meadows also stated that there was "amazing correlation between the buoy data and the National Weather Service and Environmental Research Laboratory, NOAA models."
Arnold Boezaart, Director of Grand Valley State University's Michigan Alternative and Renewable Energy Center, reported that the two-month sea trial went very well and yielded highly valuable real time information. "Weather wise, November and December are two of the most challenging months on the Great Lakes, so it was a good field test of the research buoy's capability," he said. "We now have two months of one-second wind measurement data up to 150 meters using a floating research platform and state-of-the-art laser technology. This has never been done before on the Great Lakes or elsewhere in North America." Additional testing and data correlation will continue through the winter with additional deployments scheduled in the spring.
"We are extremely pleased that GVSU's initial deployment has been an effective demonstration of the capabilities of the WindSentinel," said Graham Howe, International Business Development Renewables, AXYS Technologies, Inc. "The deployment period saw 23.6 m/s winds and 8 meter waves yet the WindSentinel continued to transmit the full range of data proving that the WindSentinel can offer accurate, cost effective offshore wind resource assessment data in near real time from the most challenging environments."
"Showing robustness in this extreme environment, specifically on a moving buoy far removed from land, is a great demonstration of our product," said Dr. Jo Major, Jr., Chairman and Interim President and Chief Executive Officer of Catch the Wind. "Beyond being tough, the tool demonstrated phenomenal capacity to supply remote wind measurement capability and excellent correlation with multiple standard wind measurements. This successful test under extreme environmental conditions highlights the advancements that our team has achieved with our product technology."
"The reliability and accuracy now achievable in remote offshore wind-sensing is a game-changer that will provide the wind industry with the ability to collect data that will make investments in onshore and offshore wind power more profitable with lower financial risk," Dr. Major added. "We look forward to substantial commercial growth in this business sector in partnership with AXYS Technologies."
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Chantilly, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® laser wind sensor. Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com.
3 million shares sold Monday.
Phil Rogers, the CEO who left in 2011, and his wife/partner Alisa are selling their 22 million shares. Rogers is the founder of CTW and also the founder of Optical Air Data Systems, from which CTW has licensed its technology. There was a lot of bad feeling when he left CTW, but as far as I know the license is secure.
This selling can be expected to have a further bad effect on the stock price, as it did Monday, unless someone comes in and buys them.
This is a link to CTW filings on SEDAR:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00024977
Library Valuation History
This is the history of the library valuation that I know of.
$ 16,015,670
September 30, 2009
http://www.otcmarkets.com/financialReportViewer?symbol=TDGI&id=27078
$ 22,315,337
Q4 2009 through Q3 2010 financials
$ 24,276,709
Q4 2010 financials
This is the Szwak figure as of 12/31/10 published on March 18, 2011 which we are all familiar with.
$ 22,315,337
Q1 2011 through Q3 2011 financials
So they used the Szwak valuation only in the 2010 Annual Report. Then in Q1 2011 they switched back to the previous figure of $22,315,337.
So it didn’t really go “down.” It went “back.” I think there is a chance that the switch back wasn’t even intentional. Someone should ask them.
This is a delayed response to moviesam’s post asking what will get the share price moving up.
Many responders mentioned the audit, which I put at #2. I don’t think anyone mentioned cash flow for some reason, which I put at #1.
1. ADEQUATE CASH FLOW. TDGI needs to get its cash flow difficulties behind it. In other words, they need to get their debts under control (which they are very aware of and said as much at the Shareholders’ Meeting). As it is, all their Twelve “profits” are going to Gaumont and they’re left borrowing money from management to pay the bills.
2. 2010 AUDIT. I think we’ve had enough amateur mistakes in the Financial Statements. I believe investors need to see Financial Statements prepared by professionals, free of mistakes and supported by full and clear footnotes.
If these are taken care of, we should see a valuation appropriate for a company that can be profitable with relatively modest sales while setting itself up for much greater sales.
The figures are from the Library Valuation report from last March.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45983
You have to pull the detailed numbers out of the text, which Initially Harleyman did (post # 63202). The revenue percentage calculations are an addition, not shown in the report.
Maybe the high profitability of books is why they continue with that at all. As Eric said in the 2011 Shareholders’ Meeting, he bought Truman Press in order to be able to sell videos.
Thanks for the response.
HH Revenue as Percent of Gross Revenue
I was looking at the Library Valuation figures and realized that there is information there on revenue to HH as a percent of gross revenues. Maybe this was posted before, but it was new to me.
I didn’t realize that a distributor expects to retain only about 10% of the theatrical gross. I guess it isn't surprising if the threatre-owner takes about 50% and the producer has to get a good share.
-- Most formats including DVDs and VOD: about 25% of the gross
-- Books: 50%
-- Theatrical: 10%
Thanks very much for the detail.
-- Your description of the platform (“ready to manufacture all biologics that any pharma big or small would want to produce in a more efficient and cost effective manner”) is very vivid – and the reason why the lack of contracts is so puzzling. (But this is certainly not the first time that I’ve seen a tremendous product languish on the shelves. Also not the first time that a company’s management has miscalculated and misstated the length of time necessary for product acceptance.)
-- When Kay said, “…the price is the price…” do you understand that to imply that potential licensees are balking at the price?
-- It was reported on the Yahoo board that a questioner asked about the “financial crisis” and Kay’s response was, “We don’t have a financial crisis.” Very similar to his response to you – focusing on the words but giving no information.
-- Unfortunately, my average price is over $4.50/share, so I have a way to go to get whole again. I bought heavily (for me) after the Fiocruz contract was announced, thinking that that was a tremendous independent validation of the platform and that other contracts would quickly follow – especially with GE out there selling it.
md1225, thanks again for reporting from the meeting. A couple of questions:
1. Could you clarify what “IBIOLaunch is ‘For Sale lic TODAY’ “ means?
2. Did Kay actually say in so many words that they would be announcing four contracts in Q1 2012? Was there any sort of detail - and did he volunteer it or was it in response to a question?
3. Any mention of GE?
I’m sorry to see the stock acting so poorly.
Thanks very much.
Thanks for the report. eom
2010 PRs for BP and enXco
Questioners in both the October 18th update call and the November 29th earnings conference call referred to the BP and enXco agreements.
These are the 2010 PR’s relating to those customers. I've bolded the parts about follow-on orders.
Note that enXco is also a provider of operations and maintenance services to the wind industry.
http://www.catchthewindinc.com/news/catch-wind-signs-sales-agreement-bp-wind-energy
Catch the Wind Signs Sales Agreement With BP Wind Energy
MONDAY, JUNE 28, 2010
Catch the Wind Ltd. (TSX-V: CTW), providers of feed-forward, intelligent turbine performance improvement systems that deliver increased energy output and reduced equipment stress loads for utility scale wind turbine generators, announced today that it has sold two Vindicator® laser wind sensor (LWS) units to BP Wind Energy. Upon the successful installation and testing of the units, BP Wind Energy has agreed to purchase sizeable quantities of additional units.
“We are pleased to be partnering with BP Wind Energy a leading owner and operator of wind power facilities with over 1,200 MW in commercial operation in the United States,” said Phil Rogers, President and CEO, Catch the Wind Inc. “Not only does this opportunity allow us to demonstrate the value of our technology to one of the leading energy companies in the world with the potential of follow-on orders if the Vindicator® units meet agreed upon performance criteria, it also allows us the ability to work with a leading wind energy company that has made significant investments to meet America’s future energy needs, and is currently developing a number of large wind farm projects in the U.S.”
Both companies have agreed to use the services of a recognized third-party evaluator to confirm the results of the test program, which will begin upon delivery and integration of the Vindicator® units.
Financial terms of the sales agreement were not disclosed.
About BP Wind Energy
BP Wind Energy is a principal owner and operator of wind power facilities with interests in eight operating wind farms. BP Wind Energy has a gross generating capacity of more than 1,200 megawatts (MW), enough to provide electricity for a city the size of Washington DC.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Manassas, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® laser wind sensor.
Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the “gold standard” in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable.
http://www.catchthewindinc.com/news/catch-wind-signs-agreement-enxco
Catch the Wind Signs Agreement with enXco
TUESDAY, JULY 20, 2010
Catch the Wind Ltd. (TSX-V: CTW), providers of feed-forward, intelligent turbine performance improvement systems that deliver increased energy output and reduced equipment stress loads for utility scale wind turbine generators, announced today that it has sold one Vindicator® laser wind sensor (LWS) unit to enXco, an EDF Energies Nouvelles Company (PARIS: EEN). The sales agreement provides for the purchase of additional units upon successful performance.
“We are pleased to be partnering with enXco, a leader in wind energy focusing on large-scale wind projects throughout the United States,” said Phil Rogers, President and CEO, Catch the Wind, Inc. Consistent with our strategy, we are effectively positioned for additional follow-on orders with another leading energy company pending onsite validation of the Vindicator’s capabilities. In wind generation, enXco currently has an installed capacity of 965 MWs in the United States.”
Both companies have agreed to use the services of a recognized third-party evaluator to confirm the results of the test program, which will begin upon delivery and integration of the Vindicator® units.
Financial terms of the sales agreement were not disclosed.
About enXco, an EDF EN Company
enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies-nouvelles.com) - develops, constructs, operates and manages renewable energy projects throughout North America. For more than two decades, they have been a leader in wind-energy focusing on large-scale wind projects. enXco’s portfolio includes solar and biogas technologies, in an effort to help drive the transition to a sustainable energy economy. enXco has grown to be a significant owner and developer of wind-energy installations and is the largest third-party operations and maintenance provider for wind farms in North America.
Q3 2011 CC Transcript + Some of October 18th Call
http://www.catchthewindinc.com/investors/presentations
Below is the Q3 2011 CC transcript plus a couple of passages relating to potential sales from the October 18th update call. (There was quite a bit of other interesting information in the October 18th call, such as an explanation of Regions 1, 2, and 3 in a wind farm, and information on turbine stress reduction.)
The link above has links to both the November 29th CC and to the presentation from the October 18th call. I don’t know if the October 18th webcast is still available.
Overall, it sounds like they are getting the contract manufacturing ready in a professional, skillful way. And it’s hard to believe they would be doing all this – and speaking the way they do in the CC – if they weren’t very sure that follow-on orders will be coming. But that’s the $64,000 question. I’m sure we’ve all seen too many examples of CEOs thinking that the big orders are just around the corner, but the orders never materialize. In the CC, Major does seem to have stepped back a bit from the October 18th call, where he said:
Link to Q3 2011 webcast.
http://www.newswire.ca/en/webcast/detail/879215/935279
(You have to register with Canada Newswire to access the webcast.)
As we approach the end of 2011, I’m wondering if the audit is now being put off so that Hogan & Taylor does not have to wrestle with the former Target Development Group entity in such detail for the year 2009 (before the merger).
We need two years of audited financials. If they just do 2010 and 2011, all of the activity is Hannover House. Maybe an adequate starting point in January 2010 can be determined in some manner that does not involve as much detail as actually trying to produce a full-fledged audit for 2009 for that semi-shell company.
While they probably DO have their sights set on uplisting, yesterday’s filing appears to be an effort to stay Current on the Pinksheets.
From the November 17th filing:
Cash
I think it might be a good idea to stop repeating the terminology error from TDGI’s PR. The $896,656 is not Gross Profit, it is Net Income.
(Gross Profit is Revenues minus Cost of Sales, the figure BEFORE General & Administrative expenses are subtracted. So this quarter, as you can see in the actual Quarterly Report, the Gross Profit is $1,018,788.)
Fortunately they got the terminology right in the actual filing. Presumably they felt they could wing it in the PR and not run the financial paragraph past their Controller.
November 16 PR:
“Gross revenues for the quarter were $1,996,367 with pre-tax, gross profits (after General & Administrative expenses) of $896,656.”
OTC Markets filing:
“ c). Continued Growth in Revenues and Profits – During the three-month period ending September 30, 2011, the Company generated Revenues of $1,996,367 with a Net Income of $896,656.”
I agree with many of the positives you mention, but the fact that there are many TDGI positives doesn’t mean that we should ignore this immediate negative IMO. I think it’s something worth discussing, and I was trying to say that moviesam really didn’t “spin” anything.
The truth is that I’m astonished that actors would pull this. It seems incredibly unprofessional, even unkind, and I feel for Eric and Fred and the director standing there by themselves.
There may be a few raised eyebrows by Regal employees involved, as I doubt they expected to start off this way. And I have to believe that, once again, Eric and Fred will be looking for lessons to be learned. Maybe trying to do a full scale premiere for a second-tier movie is not the way to go?
EDIT: Maybe the actors need to be consulted earlier? I don't know what the answer is, but this can't be what was expected.
I have to agree with moviesam on this one. I think it is a shame that the stars didn’t show up for the premiere. It makes everybody look bad – both the stars who blew it off and the people/companies who were expecting them to help promote the movie. I don’t know what other conclusion you can come to except that the stars think the movie is not good.
On the other hand, the only thing that matters is what audiences think of it. Too bad no one here has been in a theatre when the trailer is showing in coming attractions. If the audience laughs, that would be the most important sign.