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Plaintree Systems Inc. Announces First Quarter Fiscal 2025 Results
https://www.accesswire.com/901376/plaintree-systems-inc-announces-first-quarter-fiscal-2025-results
* * *
Plaintree Systems Inc.:
Summit Aerospace USA Inc.
https://summitaerospaceinc.com
Hypernetics Ltd.
https://hyperneticsltd.com
Spotton Corp.
https://spotton.com
Triodetic Ltd.
https://triodetic.com
Multipoint Foundations
https://multipoint-foundations.com
Elmira Stove Works Inc.
https://elmirastoveworks.com
* * *
Canadian Securities Exchange: NPT
https://thecse.com/listings/plaintree-systems-inc/
"The company grew revenues and achieved greater efficiency in 2023 and we look forward to
continuing the trend in 2024. Revenue growth was about 5% in 2023 compared to the prior year.
Revenue for 2023 was $6,184,265. Earnings per share for 2023 was $0.45/share, an
improvement of $0.77/share from the prior year. Net income for 2023 was $2,657,418, an
improvement of $3,545,985 from the prior year. Overall expenses, including direct costs, selling,
general, and administrative costs, were reduced by $3,162,747 in 2023 compared to the prior
year despite growing revenues, which indicates significant increases in efficiency and productivity.
2023 Highlights
• Five percent (5%) revenue growth despite industry headwinds. We believe this was the
most significant revenue growth for the company in about a decade.
• Earnings per share of $0.45/share from net income of $2,657,418, which we believe is the
most significant profitability in the company’s history.
• New product releases scheduled for 2024 will be the first new product releases by the
company in about a decade.
• Closing the company’s largest sales contract in a decade that provides seven-figure
recurring revenue for the company for the next several years and likely to expand into
additional future revenues.
As a result of the company’s 2023 performance and the belief that the company’s stock is
underpriced, the board of directors authorized a stock repurchase program of up to $250,000 of
its common stock through the end of 2024. Under the program, the company may repurchase its
shares from time to time in the open market, through privately negotiated transactions, or by other
means. The program does not specify a maximum number of shares to be repurchased or obligate
the company to repurchase any specific dollar amount of number of shares. The timing and
amount of repurchase transactions will be determined by the board based on their evaluation of
market conditions, share price and other factors. There is no assurance that the company will
repurchase shares and the program may be suspended or discontinued at any time."
* * *
Earnings Announcement:
https://www.otcmarkets.com/stock/DTRK/news/Earnings-Announcement?id=439045
Massive amounts of H5N1 vaccine would be needed if there’s a bird flu pandemic.
https://www.statnews.com/2024/04/24/h5n1-bird-flu-vaccine-preparedness/
This company’s shares start recovering gradually after the high sales late in 2023, which were probably connected with taxes. In 2023, this company performed a rebranding, and now it is Fountayn.
https://www.fountayn.com/about
The sectors and industries where Fountayn operates are of interest (BioTech and others) as a lot of money is concentrated there! The company’s main product has positive reviews. Even former employees of DATATRAK/Fountayn share their positive opinions about the main product, yet criticizing the company management though. The latest financial report available (for 2022) shows that the company is facing some financial problems. However, in 2023, the company presented an interesting press release!
In this press release (May, 2023) the company shares the following information:
"The Fountayn rebrand launched January 2023, and since then the company has seen its highest level of new sales activity in over ten years. However, these activities will not fully impact revenue immediately and often will be spread out over the duration of the contracts."
https://www.otcmarkets.com/stock/DTRK/news/Datatrak-Reports-2022-Earnings?id=398709
P. S.: The company is expected to release a new financial report soon. It will be interesting to see it! Has the company managed to change anything for the better or was it just a PR campaign …
For some reason, no news, press releases, or anything else related to this company is shown in the CRMK - News section of the OTC Markets website. As an example, here are links to the news (October, 2023), but the News section shows no information!
https://www.prnewswire.com/news-releases/leafmon--an-innovative-non-invasive-crop-monitoring-system-developed-by-cermetek-microelectronics-inc-has-received-a-phase-ii-federal-grant-to-commercialize-this-new-technology-301953544.html
https://www.nifa.usda.gov/about-nifa/announcements/nifa-invests-267-million-phase-ii-funding-small-business-agricultural
And this is what happens on a regular basis! This company releases their news several times a year, but there is nothing in the CRMK - News section of the OTC Markets…
Soon, when the interest rates start getting reduced and money start coming to the market of Nano/Micro Cap companies again, the market for M&A/RM deals is going to come back to life as well! I guess it will be much easier for the company management to conclude their RM deal then.
Another Shell company no one remembers of, with a million dollars (in Treasury Bills) …
Blue Star Opportunities concludes strategic acquisition of Clinical AI System
https://www.otcmarkets.com/stock/BSTO/news/Blue-Star-Opportunities-concludes-strategic-acquisition-of-Clinical-AI-System?id=436599
NIMU + REINSTATEMENT
NON-INVASIVE MONITORING SYSTEMS, INC.
Status: ACTIVE
Last Event: REINSTATEMENT
Event Date Filed: 10/12/2023
https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=NONINVASIVEMONITORINGSYSTEMS%206817062&aggregateId=domp-681706-93eecf7a-c32f-487c-b9b9-de40ae365acc&searchTerm=Non-Invasive%20Monitoring%20Systems&listNameOrder=NONINVASIVEMONITORINGSYSTEMS%206817062
8-K: Item 5.02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 31, 2023, in connection with the Securities Purchase Agreement entered into by G. Reed Petersen and Doug Cole on March 31, 2023 (the “SPA”), G Reed Petersen, resigned as the Company’s President, Secretary, Treasurer and Sole Director, as well as all officer titles he has used to date.
Further, on March 31, 2023, Doug Cole was appointed as the Company’s President, Director, Secretary, and Treasurer of the Company.
Mr. Cole, Age 67, previously was Chairman and CEO of American Battery Metals Corporation (ABML) from 2017 to 2021, having orchestrated a successful turnaround that resulted in a high of a $2 billion market capitalization. Mr. Cole led the transition from a lithium exploration and development company to a lithium asset and lithium-ion battery metal recycling company and left the company in August of 2021. He was a Partner overseeing all ongoing deal activities with Objective Equity LLC since 2005, a boutique investment bank focused on the high technology, data analytics and the mining sector. Since 1977, Mr. Cole has held various executive roles, including Chairman, Executive Vice Chairman, Chief Executive Officer and President of multiple public corporations. From May 2000 to September 2005, he was also the Director of Lair of the Bear, The University of California Family Camp located in Pinecrest, California. During the period between 1991 and 1996 he was the CEO of HealthSoft and he also founded and operated Great Bear Technology, which acquired Sony Image Soft and Starpress, then went public and eventually sold to Graphix Zone. In 1995 Mr. Cole was honored by NEA, a leading venture capital firm, as CEO of the year. Since 1982 he has been very active with the University of California, Berkeley mentoring early-stage technology companies. Mr. Cole has extensive experience in global M&A and global distributions. He obtained his BA in Social Sciences from UC Berkeley in 1978. Mr. Cole has been married for 43 plus years and is an avid Skier and former Rugby Player for the UC Berkeley, St Mary’s College and The Old Blues RFC.
https://www.sec.gov/Archives/edgar/data/1875746/000155116323000021/xrxh8kvedgar2.htm
Thanks for the info!
As far as I understood, Harris Exploration, Inc. wants to become something like a holding company. Their company reports contain information on sectors and industries they are going to invest their money in. Those are water, food, power generation, minerals, and energy.
However, for a company which has 500 million dollars, it is quite strange to have a reporting status as “Alternative Reporting Standard – Pink Limited Information”. A company of this kind should submit their reports to the SEC. Or at least they should have a reporting status as “Alternative Reporting Standard – Pink Current Information”. If the company is going to work for the interests of all their shareholders, but not for those of the top managers only, they should have regular audited reports representing accurate information on the financial condition of the company, on the Share Structure, etc. Besides, we would like to know on what conditions the company received their 500 million dollars. That means we need more up-to-date and reliable information.
P.S.: The situation about this company is quite interesting, but the risks are big as well! IMO
Disclosure: I own this company’s shares purchased from the open market!
The management of "Emerson Radio Corp." should either liquidate their company or use it as a shell company to perform a Reverse Merger deal!
IMO
I wonder how the problems about the debts of this company will be solved. The press releases say a Reverse Merger deal is possible, with some other strategic alternatives being mentioned though. The company possesses some other assets along with real estate, as well as rather a high NOL. An interesting situation… IMO
As far as I understood, it is an actual shell company.
10-K - Info:
"For the coming year, the Company plans to continue to fund the Company through debt and securities sales and issuances, focus on a possible joint venture or merger until the company generates revenues through the operations of such merged company or joint venture as stated above."
"We would like to list our common stock on the NASDAQ Capital Market as soon as practicable."
Superior Drilling Products, Inc. (SDPI) - Strategic Alternatives
https://nanomicrocapstocks.substack.com/p/superior-drilling-products-inc
At a meeting of the Board of Director, dated January 27, 2023, the Board authorized a common share repurchase program of up to 8,053,084 shares of the Company's common stock to be effective for a 12 month period at a maximum price of $0.25 per share. The repurchase program will commence on February 1, 2023, and will run until January 31, 2024. The repurchase of the stock will be handled through TD Ameritrade.
https://www.otcmarkets.com/filing/html?id=16353745&guid=DE2-k6lxgVTNdth
OTC Markets are slowly dying! So I am actively studying exchanges of other countries where there are lots of Nano/Micro/Small Cap stocks: Canada, Australia, Singapore, Japan… We have to look for opportunities and deals at exchanges of other countries!
P.S.
At NYSE and NASDAQ there are also shell companies. As a rule, they are traded at prices below 5 dollars. It is not about SPACs but about companies which are actually operating and are willing to change their businesses, so they are looking for Reverse Merger deals. Besides, unsuccessful companies representing the BioTech industry often become actual shell companies.
That’s an interesting company! But there is a risk of bankruptcy at the moment. The company has debts. And those are debts to banks! They are selling their assents and brands, and everything is being spent to pay the bank debt! There are also lots of other problems. Some funds are reducing their positions in the shares of this company, and some, on the contrary, are buying them. The latest SC 13G/13D forms look interesting. What are those guys hoping for? Turnaround? Activism? Maybe, an M&A deal is expected?
NUVI + Tier Change (Expert to Pink)
Pink Current Information
Transfer Agent Verified
Shell
https://www.otcmarkets.com/stock/NUVI/profile
Thanks for the info! (private messages)
Interesting shells ...
Waiting for filings start coming in ...
STQN + Super 8-K
https://www.sec.gov/ix?doc=/Archives/edgar/data/847942/000149315222036399/form8-k.htm
https://www.otcmarkets.com/stock/STQN/security
STQN - Low Float
Thanks for the info.
IWSH - interesting shell! IMO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170758152
IWSH - interesting shell! IMO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170758152
IWSH
Net Cash Per Share: $0.22
Closing Price: $0.11
IWSH - interesting shell! IMO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170758152
IWSH
Wright Investors Service Holdings, Inc.
Pink Current Information
Transfer Agent Verified
Shell
Reporting Status: U.S. Reporting - SEC Reporting
Incorporation Information: Delaware
Share Structure
Authorized Shares: 30,000,000 (12/20/2022)
Outstanding Shares: 20,574,628 (12/20/2022)
Held at DTC: 16,661,545 (12/20/2022)
Preferred Stock: No
Warrants: No
Options: No
Reverse Splits: No
Dilution: No
#BALANCE SHEETS
Cash and cash equivalents: $2,068,000
Income tax receivable: $73,000
Prepaid expenses and other current assets: $34,000
Investments in U.S. Treasury Bills: $2,421,000
Total current assets: $4,596,000
Total assets: $4,604,000
Total liabilities: $57,000
10-K,10-Q Information:
Wright Investors’ Service Holdings, Inc. (the “Company”) has nominal operations and nominal assets aside from its cash and cash equivalents, and is therefore considered a shell company, as defined in U.S. securities laws and regulations. The Company is not engaged in the business of investing, reinvesting, or trading in securities, and it does not hold itself out as being engaged in those activities.
The Company intends to evaluate and explore all available strategic options. The Company will continue to work to maximize stockholder value. Such strategic options may include acquisition of an investment advisory business, acquisition of a financial services business, creating partnerships or joint ventures for those or other businesses and investing in other businesses that provide attractive opportunities for growth. The directors will also consider alternatives for distributing some or all of the Company’s cash and cash equivalents. Until such time as a decision is made as to how the liquid assets of the Company are so deployed, the Company intends to invest its liquid assets in high-grade, short- term investments (such as cash and cash equivalents) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.
The Company may be classified as an inadvertent investment company if the Company acquires investment securities in excess of 40% of its total assets. As of September 30, 2022, the Company is not considered an inadvertent investment company.
The Board of Directors authorized the Company to repurchase up to 5,000,000 outstanding shares of common stock from time to time either in open market or privately negotiated transactions. On April 5, 2022, in accordance with the Board of Directors’ prior authorization, the Company purchased 192,750 shares of its common stock in a privately negotiated transaction at a price of $0.25 per share for an amount of approximately $48,000. At September 30, 2022, the Company had repurchased 2,234,721 shares of its common stock and a total of 2,765,279 of the authorized shares, remained available for repurchase as of September 30, 2022.
The Company’s Board of Directors is considering strategic uses for its funds to develop or acquire interests in one or more operating businesses. While we have focused our development or acquisition efforts on sectors in which our management has expertise, we do not wish to limit ourselves to, or to foreclose any opportunities in, any particular industry or sector. Prior to this use, the Company’s funds have been, and we anticipate will continue to be, invested in high-grade, short-term investments (such as cash and cash equivalents) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation, until such time as we need to utilize such funds, or any portion thereof, for the purposes described above. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents to stockholders.
The Company files a consolidated federal tax return with its subsidiaries. As of December 31, 2021, the Company has a federal net operating loss carryforward of approximately $21,339,000, of which $15,177,000 expires from 2031 through 2037, and $6,162,000 does not expire. The Company also has various state and local net operating loss carryforwards totaling approximately $5,182,000, which expire between 2022 and 2042, and a capital loss carryforward of approximately $2,690,000, which expires between 2022 and 2024. State net operating loss carryforwards were reduced during the year ended December 31, 2020 by approximately $16,244,000 due to a change in State tax filings.
#DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Harvey P. Eisen, 79, has served as Chairman of the board of directors and Chief Executive Officer of the Company since June 2007 and also has served as its President since July 2007. Mr. Eisen has served as a director of the Company since 2004. Mr. Eisen has served as Chairman and Managing Member of Bedford Oak Advisors, LLC, an investment partnership (“Bedford Oak”), since 1998 and was Chairman and Director of GP Strategies Corporation, a global performance solutions provider (“GP Strategies”) from 2004 to 2018. Mr. Eisen has also served on the board of directors of VerifyMe, Inc., a provider of physical, cyber and biometric security solutions from April 2018 through February 2019.
Mr. Eisen was previously Senior Vice President of Travelers, Inc. and held various executive positions with Primerica, SunAmerica Corp., and Integrated Resources Asset Management. Mr. Eisen was president and portfolio manager of Eisen Capital Management for 10 years. He began his career as an analyst with Stifel, Nicolaus & Co. and Wertheim. Mr. Eisen has served on the Strategic Development Board for the Trulaske College of Business, University of Missouri since 1995 where he established the first accredited course on the Warren Buffett Principles of Investing. He also serves on the University’s Investment Advisory Committee.
Mr. Eisen is qualified to serve on our board of directors and brings valuable insight to our board of directors as a result of his broad range of business skills and his financial literacy and expertise and executive and management leadership skills. Mr. Eisen developed these skills and expertise during his long and successful business career as Chairman and Managing Member of Bedford Oak, a Senior Vice President of Travelers and Primerica, as well as his service on other public company and institutional boards.
Lawrence G. Schafran, 83, is a private investor and has served as a director and chairman of the audit committee of the Company since 2006. Mr. Schafran also serves as a director of Glasstech, Inc., a manufacturer and seller of glass bending and tempering systems. Mr. Schafran also served as director of other public and private companies, such as Cupcake Digital, Inc., a developer of mobile applications focusing on the children’s market from 2013 to June 2019 and VerifyMe, Inc., a provider of physical, cyber and biometric security solutions from 2013 to June 2019. He also served as a Managing Director of Providence Capital, Inc., an investment and advisory firm from March 2003 until December 2012.
Mr. Schafran is qualified to serve on our board of directors because of his extensive business skills and experiences and his financial literacy and expertise. Mr. Schafran also possesses a broad range of experiences and skill garnered from the various leadership positions and from his service on other public company boards and committees.
Dort A. Cameron III, 77, is currently the managing member of Airlie Enterprises, LLC, a private consulting and principal investments company established in 1995 and has served as a director and chairman of the Compensation and Nominating and Corporate Governance Committee since February 2019. Mr. Cameron is also the President of the Cameron Family Foundation. Mr. Cameron was a principal of the Investment Manager, a managing director of the General Partner of the Investment Manager and Chief Investment Officer (portfolio manager) of the Airlie Opportunity Fund’s portfolio from 2003 through 2014.
Mr. Cameron has over 30 years of investment banking, merchant banking, and investment management experience.
His experience encompasses institutional portfolio management, alternative and principal investing, fiduciary oversight, and significant private equity, high yield, and distressed transactions/situations. Mr. Cameron’s professional experience includes a position as the Chairman of the Board of Directors and a majority owner of Entex Information Services, Inc., a computer services company headquartered in Rye Brook, New York (“Entex”). Mr. Cameron was also the General Partner of BMA Limited Partnership, a mezzanine private equity fund, which was the general partner of Investment Limited Partnership (“ILP”), which he co-founded in 1984 with Richard Rainwater of the Bass organization and managed through June of 1996.
Mr. Cameron has served as a member of the Board of Directors of First Marblehead Corporation, Greenwich Life Settlements, TLC Beatrice as well as Middlebury College, where he still currently serves, and the Rippowam Cisqua School.
Mr. Cameron’s is qualified to serve on our Board because of his senior management roles in investment banking, merchant banking, and investment management and his other professional experience, each of which have required him to balance the demands of clients, employees and investors.
Harold D. Kahn, 68, is the Acting Chief Financial Officer and Acting Principal Accounting Officer of the Company since March 2019. Mr. Kahn previously served as a consultant to the Company. Mr. Kahn has been the Managing Member of Vela Capital Advisors, LLC, an independent advisory consultancy since February 2007. Mr. Kahn has been a senior principal for several privately-held technology consulting and investment management firms. Earlier in his career, he was a Partner at PricewaterhouseCoopers in New York and Tokyo. Mr. Kahn holds an AB in Economics from Stanford University.
#SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
https://www.mediafire.com/view/fozzvmt28vgc0xz/0001.png
https://www.mediafire.com/view/29sp0xk27nxx9re/0002.png
William H. Miller III
https://en.wikipedia.org/wiki/Bill_Miller_(investor)_
https://www.otcmarkets.com/stock/IWSH/profile
NIMU is a really interesting shell!
Looking forward to the reverse merger candidate.
Company insiders - billionaires ...
Reverse Merger candidate can be huge ...
Twitter P&D: ... Float 195,000 (OTC Markets Info) ...
Today's volume: 7+M
))))))))))))))))
Definitely an interesting stock with a lot of potential ...
Nice SS & Insider Ownership.
Interesting shell ...
As far as I understood, shell companies now have a specific period of time during which they have to complete an M&A/RM transaction. This has made them somehow similar to SPAC companies. Therefore, we should watch the old shell companies with attention now, because either we will see M&A/RM transactions or the owners of those shell companies will sell them to the people who are more successful in concluding M&A/RM transactions. But this is just my opinion.