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Time has come to put up, and this is their last chance IMO, they almost lost everything last time around, and if they repeat similar mis-steps, this is done, BUT there is still the possibility of a real turn-around if the company communicates and continues to truly execute business plan. Frankly, fed up.
Agreed entirely, but I have real doubts about the BOD, besides York Tang, they are complete and total amateurs with little to no business acumen, again evidenced by their latest silence. Sorry state of affairs IMO.
Everything was proceeding very nicely, and Domingo was executing the business plan as promised, but then LEADERSHIP evaporated so here we sit with no news, no updates, no nothing - they (Daniel. Paul, Marco etc.) royally screwed this up last time around and I am afraid history might repeat itself unless management - BOD - gets its act together and does what is right for the company and its shareholders. Time is running out - JMO.
Until the company breaks its silence and lets us know what's going on, including the latest delays, there is no point in buying. Management screwed this up once before royally, and I just hope the BOD don't repeat it again. Terrible end to the year and I for one am wholly unimpressed, disappointed and frankly feel very let down.
Good points, I think the 250 O/S increase is to purchase a bottling plant or some portion of one. Liquidity is a problem because they only get paid about 90 days after shipment has arrived so they were/are short of cash to fund prodcution of orders but I think (hope) that short term financing has been arranged to deal with this. Still a mystery why price is so low. PLan is to get off pinks, but they need a lot more action to make that happen.
They have a 200 million dollar contract backed with a letter of credit negotiated by York Tang.
all water at the expo is being sold.
This is pathetic!
Apparently it is coming (news about sales etc.), why the wait, not sure but will find out within days.
They have sales.
It already is something, and turning into more. There is clearly a problem with valuation but hopefully in time that will take care of itself. I agree, the next 90 days will determine if this company will turn into an explosive growth story or not.
It's time, and I agree, I think they have lots saved up, but something has to change...too much potential to be stagnating down at these prices - frustrating for sure, and goodness knows we have been more than patient - time to see some real action and news and anything to create some positive momentum.
sickening!
Aquablue hunts financing for Smiths Falls plant
Last Updated: Friday, December 4, 2009 | 8:07 PM ET Comments11Recommend13CBC News
Dan Villeneuve, Aquablue president, showed CBC News where the company plans to install its equipment in the former Hershey factory. He hopes the plant will be running by June. (Steve Fischer/CBC)A bottled-water company that was supposed to take over a former Hershey's chocolate factory in Smiths Falls, Ont., is still hunting for money to buy the building and the equipment for its production line.
Aquablue International announced in June it was taking over the plant and planned to create 200 high-paying jobs by 2011 by converting the factory into a water-bottling facility.
That would have replaced some of the 500 jobs lost in Smiths Falls when Hershey shut the plant in 2008. The company plans to bottle 300 million litres of water per year, largely for export.
However, Aquablue president Dan Villeneuve confirmed that the company hasn't yet completed a lease-to-own agreement with Hershey. Nor has it ordered its equipment.
Aquablue announced in June that it was taking over the factory. Its banner now hangs on the building. (CBC)"We're actively looking to secure all of our financing, especially on the equipment side," Villeneuve said, adding that the company remains committed to getting the plant operational by next June.
He took CBC News on a tour, pointing out the places where the company plans to install its processing equipment.
The firm already has money in the "range" it needs and is looking to obtain the rest, he added. But he said talk about financing could make it even more difficult to find investors.
He said he expects to have a lease-to-own agreement by the end of the year.
Smiths Falls Mayor Dennis Staples told CBC News he still believes in Aquablue.
"I'm hopeful and continue to be hopeful that production will occur sometime in 2010," he said.
When asked if the city did any research to see how viable the company was, Staples responded: "That's not our role. Our role is to welcome new businesses. Our role is not to check out business plans for any business. We don't do that. We simply encourage people to come to Smiths Falls."
Former employee claims $14,000
Tom Ondrejicka, who left his position as Aquablue's former marketing director six months ago, said he's still owed $14,000 from the company and he doubts it will ever reopen the Smiths Falls plant.
He estimated taking over the plant would cost close to $50 million.
"That money's not there," he said.
On the company's website, Aquablue's CEO is listed as Manuel de Silva, who in the fall was facing a charge of fraud involving another bottled-water company. He agreed to pay $5,000 to another investor and the charge was dropped.
Hey, I am as unimpressed with share price and action as anyone here, probably more given my substantial position, but I do NOT blame the company who has been executing their business plan and following through on their committments - proceeding ethically and meticulously does not feature in pinkys hardly at all, but that is what AQUI is doing, and they are still shaking off the vestiges of the past, so here's what needs to be confirmed in the next 90 days:
Financing
Confirmation of revenues
Increased orders
Update on obtaining increased bottling capacity
When/if the above occurs, I expect a major jump in price, but even now, we should be about 1 - 2 cents - JMO.
oops, meant 90 days!
I defy anyone on this board to identify, since Domingo took over, what the company has not done or how they have fell short - EVERYTHING they said is coming true and they are being extremely cautious because of all the dodgey business of the past.
IMO, they are working on acquiring a bottling plant or some partial ownership in one - it is part of their business plan.
The UN contract alone for the EXPO should use anywhere from 10-50 containers a month! Each bottle consumed in the pavillion is money straight to the company.
1. Yes they are as of now a water seller - they bottle it and sell it, but are in the midst of becoming an owner of the means of production too.
2. Yes, the only real assets are the molds, caps and other design materials but they will IMO have a bottling plant under their control in the near future.
3. No announcement yet, but the water from the initial order has, according to my sources been well received in the country. I expect photos of confimration shortly.
4. The 200 million contract is as I understand it guaranteed - the water has been "pre-bought" and gets paid for once the purchase orders come in and get filled and then invoicing / receiving payment can take time. I expect an announcement of another large order (my guess 30-50 containers) currently on the books and getting serviced.
5. Thw water is moving, and during the expo they expect apporximately 70 million visitors - HUGE market potential on that contract alone...
IMO, within the next 890 days we will know if this takes off, if so, my target is a nickle short term.
This company is worth well more than a few million bucks, that to me is clear.
JMO - glta.
Thanks for the post, but it has been a long long time since the NY debacle.
1> There's lots of info out there about Domingo - he's got reputation and credentials - do a little digging.
2> Yes, Sauve was in way over his head, but he managed to get connected with York Tang, so kudos for that, but he is NO CEO
3> Marco is apparently very adept at sales and customer / client development and has been resident in China working tirelessly with York Tang.
4> We will see action taken against former officers who tried to defraud the company.
The water is selling and each order delivered is already paid for under letter of credit and terms of deal - more containers are on their way IMO - but news should shed light on that. Don't assume it is not selling, I hear differently and soon we will get proof.
Biggest market is grocery stores, and plenty of high end goods get sold in them.
UN contract is being under-estimated - all water being sold in that event will only come from AQUi and a couple of other retialers - huge market / branding possibilities IMO.
=Early in 2010 we should know the length and diffculty of the putt. Betting on a birdie, if not hole in one.
That's an understatment - conservatively, this should be 2-4 cents... In terms of securing financing, I hear the company is being valued at about 8 million just based on the 200 million dollar contract alone.
Expect confirmation of financing soon, and likey news of new orders...
Besides for the recent silence, this company has accomplished EVERYTHING it set out to do and more. They have been transparent with everything - there is not a single reason to whine and complain... I also gather that someone had 45 millionn shares to dump which brought us down here. I am glad the comapny did not release big news for the seller to dump into.
Why it is trading this low is beyond me, but I continue to accumulate.
All this JMO, and GLTA.
Looking for (expecting) updates early next week.
I have spokken to IR - Joe Matuella - on a few occasions, he is definitely real!
You're right. Good call.
Reversal time? I might have called bottom correctly for a change.
I hear that a shareholder with 15 - 20 million shares found themself in dire financial straits and had to liquidate entire position, hence the selling as of late - not 100% sure, but it looks likely.
JMO of course.
Symbol/Name Status
Date/Time Order ID Action Quantity Price Market Good
Through Settlement
Instruction Action
AQUI - AQUAGOLD INTERNATIONAL INC Part filled
12 Nov 2009 01:06 PM EST PVM 0673 Buy 503,585 0.0017 US Day DB
AQUI - AQUAGOLD INTERNATIONAL INC Filled
12 Nov 2009 01:06 PM EST PVM 0673 Buy 796,415 0.0018 US Day DB
AQUI - AQUAGOLD INTERNATIONAL INC Part filled
12 Nov 2009 01:05 PM EST PVM 0673 Buy 200,000 0.0017 US Day DB
I have been wrong before, and will likely will be again... I make my investing decisions based on a range of factors and I remain a long term supporter of the company, and continue adding to my LONG term investment here. Each to their own. In 6 - 9 months we will know for sure if this will be a success. I am prepared to wait it out and add to my holdings as I see fit. GLTA
Slightly less than that, but a fat buy nonetheless, more in store for my accumulation - not a rec for anyone to buy - this is all JMO.
wanna bet?
Added a couple of million
i believe i am - flushing out going on now, next 6 months should see material results (revenues)... JMO.
I am still a buyer - expecting news shortly... calling bottom - JMO.
They have tons to report - intentionally their strategy has changed IMO - I doubt there is a shareholder dumping - company is releasing shares to fund short term operations - why they would do it at such a low price is beyond me. Will this recover before a R/S, no clue.
Yes I have a good working relationship with the company.
what nonsense?
York Tang got dupped like the others and was well removed from the North American shennanigans... Funny you don't trust the stock but continue to post and suggest...I wonder why? Do some DD on the "China Guy" and then start spouting mistrust about him...won't stick IMO.
Likely when they are ready to move to larger exchange, but I suspect they will do so when the price is MUCH higher...JMO - but it will be a long time before that takes place, but I cannot be certain.
Just called my company contacts... they are due back on the 26th I think