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big news? LOL
the only big news (better: shock) will be the upcoming filing... but those who pump it now are long gone by then
IMO/FWIW
because it's a POS? maybe ppl did some real DD and do what the company also does... DUMP SHARES!!! ;)
IMO/FWIW
just a name change i think
13:33 7/8/2008 ZYNX Zynex Medical Holdings, Inc. Common Stock ZYXI Zynex, Inc. Common Stock **
it was on the daily list and it's ZYXI till today, if you plan on trading it today you should call scottrade i guess
IB already changed the symbol to ZYXI
i guess ihub didn't change the symbol yet...
13:33 7/8/2008 ZYNX Zynex Medical Holdings, Inc. Common Stock ZYXI Zynex, Inc. Common Stock **
no no, it's called dilution... not shorting!
i'm not short... yet
maybe i will short this POS when you guys are finished pumping it and ppl realize what a POS this really is!
yup, "good work" by the promoters...
investing? i wouldn't call this momo play investing... but ok what ever ;)
but who cares if it moves? just don't get caught holding the bag ;)
and? this is a whole new game... first they (the corp.) dumped millions of shares in germany now they hired promoters to dump their shares in the states...
it's still a scam :)
Why are you guys so confident about that?
because that's what they do... pump a stock and use the created momo to sell into it!
UPDV and subs are still scams... :)
ROFL :P
if it's dilution someone should tell em how to do it wisely...
this suxx
0.80 x 1.00 wtf?
nice :)
13:47 7/1/2008 NNPP Nano-Proprietary, Inc. Common Stock APNT Applied Nanotech Holdings, Inc. Common Stock **
lol did you even look at a filing of this pos?
would be nice to see some numbers... is there anything available? didn't find anything
for those that didn't do much DD on this POS:
Continental Fuels: The Most Overvalued Penny Stock I’ve Ever Seen
It is Not Fraud if There are No Lies
Dictionary.com defines fraud as “deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage.” It has been more succinctly defined as “implicit theft” by Murray Rothbard, among others. The key to fraud is that deception leads to the deceiver gaining economically in a direct transaction with the deceived. Many unlisted penny stocks toe the line on fraud. Management, getting paid large salaries (and tons of stock options) despite crummy financial performance, hypes up the stock, always offering overoptimistic predictions of future performance. Oftentimes management pays ‘independent’ analysts large sums to cover the company. This leads to gullible investors paying out large sums for the stock. When management’s glowing predictions are later belied by stark reality, the investors lose their socks and the executives live happily ever after.
What would happen if management of a worthless penny stock were completely honest about how worthless the company truly was? In that case, there would be no fraud, but anyone buying the stock would be an utter fool. I found a company like this: Continental Fuels (OTC BB: CFUL.ob, $1.70). As of August 13, the company had 571.6 million fully diluted shares outstanding. That gives the company a market cap of $972 million. What do investors get for that $972 million? Not much. They get total assets of $3.8 million, a stockholder’s deficit of $1.1 million, and for the most recent quarter, sales of $5.7 million and an operating loss of $560k. (See the 10Q for the quarter ended June 30, 2007 for details.)
First, I should detail the shares outstanding–this is a tricky computation giving all that the company has done with its shares. To save space I will only discuss the origins of 500 million (88%) of the shares. There is convertible preferred voting stock that is convertible into 500 million shares. This was issued to UNIVERSAL PROPERTY DEVELOPMENT AND ACQUISITION CORPORATION (OTC BB: UPDA.ob) in payment for some assets. From the 10Q:
On April 23, 2007, the Company closed a business combination transaction pursuant to a Stock Purchase Agreement dated April 20, 2007, by and among the Company and Universal Property Development and Acquisition Corporation (“UPDA”), a publicly held Nevada corporation (the “SPA”). Pursuant to the SPA, the Company acquired one hundred percent (100%) of the capital stock of US Petroleum Depot, Inc. and Continental Trading Enterprizes, Inc. f/k/a UPDA Texas Trading (the “Subsidiaries”), two private Nevada Corporations and wholly-owned subsidiaries of UPDA. The consideration paid by the Company for the Subsidiaries consisted of $2,500,000 in cash, payable within 30 days of the Effective Date, and 50,000 shares of our Series A Convertible Preferred Stock valued at $5,000,000 (the “Preferred Stock”). The Preferred Stock is currently convertible into 500,000,000 shares of our common stock and UPDA has the right to vote the shares of Preferred Stock on an “as converted” basis in any matters for which the holders of our common stock are entitled to vote.
Valuation
Now comes the fun part. Continental Fuels, its 88% owner UPDA, and major shareholders of the two companies have repeatedly said that the stock is not worth 1% of its current market value. Following are the statements and transactions that show this:
1. The acquisition of a majority of CFUL stock by UPDA. The preferred stock (representing at that time 77% of the total stock of Continental Fuels) was in payment of a debt of $5 million incurred when CFUL bought some assets from UPDA. By this metric, Continental Fuels is rightly worth $6.5 million. This puts the value of its stock at $0.011 per share.
From a recent 8k filing regarding the merger: “The consideration received by us from CFI for the Subsidiary Shares consisted of $2,500,000 in cash, payable within 30 days of the Effective Date, and 50,000 shares of CFI’s Series A Convertible Preferred Stock valued at $5,000,000 (the “Preferred Stock”). The Preferred Stock is currently convertible into 500,000,000 shares of CFI common stock and the Registrant has the right to vote the shares of Preferred Stock on an “as converted” basis in any matters for which the holders of CFI’s common stock are entitled to vote. Based on the number of shares of CFI common stock currently outstanding, as of the Effective Date the Registrant controlled seventy-seven percent (77%) of the voting stock of CFI.”
2. A large shareholder recently sold 100 million shares of CFUL to UPDA in exchange for 10,000 shares of UPDA Series preferred stock. That preferred stock is convertible into 200 million shares of UPDA stock, which at a recent market price of $.042 per share values the preferred stock at $8.4 million. Why would someone sell stock valued at $170 million for stock in a different company, worth $8.4 million? The simple reason is that CFUL is way overvalued, and Ms. Sandhu was rightly afraid that by the time she could sell her stock (it was restricted until February 2008) the stock would have tanked. If Ms. Sandhu gained nothing from this transaction, then this stock swap values CFUL at $48 million and each share at $.084.
From UPDA’s most recent 10Q: “On August 13, 2007, Ms. Karen Sandhu sold 100,000,000 shares out of 141,000,000 shares of Continental’s outstanding $.001 par value common stock held by her to UPDA for 10,000 shares of UPDA Series B Preferred Stock. UPDA made the purchase on behalf of Continental as treasury stock and was retired on the same day.”
also from the 10Q: “In July of 2007, certain holders of Series B preferred shares converted 3,520 Series B preferred shares into 70,400,000 common shares.”
3. Those shares (plus 40 million others) of CFUL that were sold by Karen Sandhu were acquired by her in a private placement in exchange for $200,000 on February 6, 2007.
From CFUL’s 10Q: “On February 6, 2007, Company completed the sale of 141,000,000 restricted shares of its post-2007 Reverse Split common stock to Ms. Karen Sandhu for $200,000 cash. Company used the proceeds from this offering to pay outstanding debts and liabilities.”
4. Continental’s 88% owner, UPDA, has a market cap of $33 million. If Continental Fuels was worth its current implied market cap, UPDA would be not only greatly undervalued but it would be the best investment of all time.
5. On August 17, 2007, Continental Fuels issued 12.6 million restricted shares to pay off a $100,000 debt, valuing those shares at $0.008 per share. Assuming a modest discount (20%) for the restricted shares, the company so much as said that it is worth $0.01 per share or $5.7 million.
From the 8k: “On August 17, 2007, the board of directors of the Registrant approved the conversion of an aggregate of one hundred thousand dollars ($100,000) of outstanding notes of the Registrant (the “Notes”) into shares of the Registrant’s common stock. Based upon the current assets and capitalization of the Registrant, the conversion price of the shares of common stock to be issued upon conversion of the Notes was valued at $0.008 per share by the Registrant’s board of directors. The conversion of the Notes to shares of the Registrant’s common stock is at the discretion of the Note holders. However, convertibility of the Notes is subject to certain limitations based on the number of shares of the Registrant’s common stock then outstanding. Upon the eventual full conversion of the Notes to common shares, the approved conversion of the Notes to common stock will result in the issuance by the Registrant of an aggregate of 12,615,326 restricted shares of its common stock.”
6. A similar transaction to #5 above took place back in April, valuing the company’s stock at $0.012 per share.
from the 8k dated 23 April 2007: “On April 25, 2007, the board of directors of the Registrant approved the conversion of an aggregate of one hundred thousand dollars ($100,000) of outstanding notes of the Registrant (the “Notes”) into shares of the Registrant’s common stock. Based upon the current assets and capitalization of the Registrant, the conversion price of the shares of common stock to be issued upon conversion of the Notes was valued at $0.012 per share by the Registrant’s board of directors. The conversion of the Notes to shares of the Registrant’s common stock is at the discretion of the Note holders. The eventual full conversion of the $100,000 in Notes to common stock will result in the issuance of an aggregate of 8,326,115 restricted shares of our common stock.”
When Will Sanity Return?
I have proven my case that Continental Fuels is incredibly overvalued. When should its valuation return to a realistic level? I am not sure, for it is never possible to predict stock price changes. However, it is a worthwhile exercise to examine a couple factors that will influence the price of the company’s stock.
1. UPDA has begun to convert its preferred shares to common shares of Continental Fuels. Consequently, it has decided to spinoff a number of these shares to its shareholders. A total of 787 million shares were outstanding as of the record date, and one share of CFUL will be distributed for each 50 shares of UPDA. This means that 16.7 million more shares of CFUL will hit the market, although not until August 1, 2008, because these shares are restricted from trading for one year. With only about 2 million shares trading currently (according to Yahoo Finance and verified by me from the company’s SEC filings), selling of a large chunk of those 16 million shares next August as the shares lose their restrictions will quickly depress the price.
From the press release on CFUL’s website: “According to the Board Resolution, one share of CFUL common stock will be distributed to UPDA’s common stockholders for every 50 shares of UPDA common stock held. Every UPDA common stockholder will receive at least one CFUL share in this distribution and fractional shares will be rounded up to the nearest whole number. The date of the distribution will be August 1, 2007 to UPDA’s common stockholders of record on July 11, 2007. Although the distributed shares will be restricted from transfer for one year pursuant to SEC Rule 144, UPDA has obtained an opinion that the shares will have no tax consequence to the recipient until they are sold or transferred.”
2. Every month since April the number of shares of CFUL sold short has increased dramatically. Currently (as of August 2007), 417,000 shares are sold short (see here and search for CFUL for updated numbers). Increased selling is inevitable as more short sellers (and stockholders) become aware of the company’s extreme overvaluation.
Conclusions
The absurd valuation of Continental Fuels despite highlights several problems with capital markets in the United States. In a future post I will address these problems and ways that financial market regulation can change this.
http://www.goodevalue.com/2007/09/15/continental-fuels-the-most-overvalued-penny-stock-ive-ever-seen/
i believe UPDV is in bed with the debt holder...
why the bankruptcy talk? they can sell new shares like they want!
as long as they find new suckers... no bankcruptcy
IMO/FWIW
Nano-Proprietary, Inc. Achieves Flexural and Compression Strength Improvements in Epoxy/Carbon Nanotube Composites
Tuesday June 17, 9:15 am ET
AUSTIN, TX--(MARKET WIRE)--Jun 17, 2008 -- Nano-Proprietary, Inc. (OTC BB:NNPP.OB - News) announced that its subsidiary Applied Nanotech, Inc. ("ANI") has achieved substantial improvements in the epoxy-based materials used in a variety of industries. ANI has been performing research and development on these materials for over two years in conjunction with a project for a sporting goods manufacturer (see press releases dated September 8, 2005 and December 18, 2006). In results independently verified by Texas State University at San Marcos, ANI has achieved an improvement of over 40% in flexural strength and over 30% in compression strength for epoxy/carbon nanotube composites. These improvements were obtained through the chemical and mechanical modification and functionalization of carbon nanotubes in order for them to be accepted and integrated properly into the epoxy matrix.
Technological advances using nanocomposites are being introduced by many industries such as sporting goods manufacturers, aerospace, and construction industries. Many manufacturers, for example, have begun adding fullerenes and carbon nanotubes to make their epoxy materials stiffer, lighter, and stronger. These epoxy materials are frequently utilized in the industry in the form of Fiber Reinforced Plastics (FRP). The properties of these new epoxy/carbon nanotube composites are generally not easily transferred to the FRP, but by using its new composite, ANI achieved a promising 23% improvement in the flexural strength of the final FRP and similar improvements are expected in the compression strength of the final FRP.
"We are pleased that we could extend the great improvements in our epoxy nanocomposites to FRPs with respect to flexural strength. Our potential customers require the same type of improvements in compression strength. We believe that we will soon be able to extend our gains in compression strength from the nanocomposite to the FRP," said Dr. Zvi Yaniv, Chief Executive Officer of Applied Nanotech, Inc.
Source: Nano-Proprietary, Inc.
that didn't really surprise me...
the promotion was mainly in germany, those peeps mostly never read a filing or know how to read them! that's why it took so long imho
and jack told me that beacon is totally independent
you know what? i believe you!
what an A$$ this guy is!
hey lowman,
i love that line: "the development of newly issued shares and the acquistion of naive shareholder monies." :D
so true! :)
UPDV paid them once... so now they may got paid by a third party... what gives?
UPDV was a scam from day one! you still don't seem to get this?
who cares? they got money to pump the stock... what do you need to know more?
the 7.500$ were from the 2007 pump
Disclaimer
Beacon Equity Research (otherwise known as BER) is an independent research firm specializing in small and micro capitalization companies.
BER has no investment banking or consultation conflicts thereby minimizing the inherent conflicts of interest between the research analysts and
the companies they cover. BER is not a registered investment advisor or broker dealer. No information in this report should be construed as an
endorsement to either buy or sell any securities mentioned in this report. The analyst(s) who prepared this report rely on publicly avail¬able
information which neither the analyst, nor BER, can guarantee to be error-free or factually accurate. All conclusions in this report are deemed
reasonable and appropriate by the author. The Private Securities Litigation Reform Act of 1995 provides investors a “safe harbor” in regard to
forward-looking statements. To fully comply with the requirements of this law, BER cautions all investors that such forward-looking statements
in this report are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors may
cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-look¬ing statements.
Investors should exercise good judgment and perform adequate due-diligence prior to making any investment. BER and its affiliates
have been compensated a total of ten thousand twho hundred fifty dollars from OTCstockZone for enrollment of UPDV in its research program
and other services. Ratings and price targets in this report should not be construed as recommendations or stock price predictors. Readers of
this report are urged to use due-diligence in any purchase of security listed herein. Readers should consult the Company’s SEC filings as well
as our initial report on the firm to better understand the inherent risks associated with this security. There may be many uncontrollable or unknown
factors which may cause actual results to materially differ from the results, performance or expectations expressed or implied by such
forward-looking statements. Investors should exercise good judgment and perform adequate due-diligence prior to making any investment.
http://www.beaconequity.com/report/UPDV_update.pdf
to get more suckers...
tell it the "company"... LOL
hi trunk,
no, i'll probably never buy any shares of this company again!
i learned my lesson the hard way!
GLTY :)
Jim Profit
yup, caution here! :)
no chance!
dunno if it was posted here allready... TAO Technologies Balance Sheet as of 31. Dezember 2006:
//edit: link doesn't seem to work so... go to this site:
http://www.unternehmensregister.de
and search (Firma) for: TAO Technologies GmbH
Jim Profit
report? i call smthg like that pump ;)
IMO people with common sense will take what's left and run!