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How US Drones Kill Taliban Fighters (Video)
http://bovinescatologist.com/?q=content/how-us-drones-kill-taliban-fighters-video
$9,728,528 revenue (record)and $.04 a share 3rd Q earnings. The $.04 was below analyst estimates of $.05-$.06 I believe
Rawnoc,
I obviously know very little about AMLJ's technology. Even though I have followed stock off and on for a few years. Do you know what they actually provide to the UAV programs. Is their microwave amplifiers the brains of the UAV's or just an essential component that can't be sourced elsewhere?
Rawnoc,
Great writeup on AMLJ. You convinced me to buy 5K shares AMLJ recently. I should have bought a while earlier when it was trending $1.00 a share. Their recent growth story reminds me of Zagg earlier this year which I bought into.
I kind of fear $.05 earnings also for 3rd Q as a spark for a sell-off also. Similar to last CC when stock went from 52 week high to low $6's. The only significant revenue stream difference from 2nd Q is Radio Shack for last 5 weeks or so of 3rd Q. Best Buy did add some SKUs for Q which could make-up the difference in analysts revenue estimates of about $10.5 million. Also, they sent a large Bestbuy order just before end of second Q to get record revenue for 2nd Q. Every other new revenue stream that I know of isn't factored into this Q as Zagg skins will be in 4th Q and others like Zagg box after that.
I believe that the significant revenue and or earnings expansion will occur starting 4th Q so it will be interesting to see what forward guidance is. I would assume the Merriman Curhan Ford Investor Summit 2009 information to be similar to this upcoming presentation as it occurred only last month:
http://iancassel.com/wp-content/uploads/2009/10/zagg-2009-1010.pdf
You're probably right. I was thinking of a way to blame someone other than SPNG management. I guess it is squarely on their shoulders for this potential fiasco
Here is my theory of the situation. SPNG management thought the 10-K was done and finished but Robison, Hill & Co (the dismissed accountants) started to drag their feet to get back at SPNG for firing them this late in the Q by forcing a late filing. A late filing will bring irate shareholders when stock declines so they get a little revenge against SPNG.
Reference for future: Never fire employees especially around this same time as they have you by the short hairs if they want.
This must be a SPNG scheme to let the stock price crash so they can buy up all the stock's float LOL.
He must be referencing a date AFTER they file for the 15 day NT-10 K (however, even that would make the date inaccurate).
10-K was due today 10-Q 45 days from today or Oct 15th.
True,
But with uncertainty it causes anxiety for the shareholder as it adds doubt to whether the Company has its sh@t together.
I now believe SPNG will file a NT10-K with the cause of delay the Dicon acquisition. If they were to file on time it would have been out by now IMO.
I'm afraid that the expectations for SPNG in this 10-K probably won't be met since they seem to be so high (i.e expectations of massive share reduction to around 500 million and Nasdaq listing, etc0
They can also get a 15 day reprieve from those numbers by filing a NT 10-K which I think has a fair chance of happening since Spng filed their 10-K last year on August 29th
or maybe on the Dicon acquisition.
SPNG could file a NT 10-K giving them 15 more days to file 10-K.
Hep,
You're right, I forgot about the 10 million shares for the other executives.
Heptikus,
Great fundamental analysis of AAGH. Only question is I thought there was 203,362,000 shares fully diluted with the 150,000 preferred (1:200 conversion rate)or 30 million shares retired?
They only count the shareholders that hold the certificates in their OWN name. 99.0% of shareholders have their share certificates in their broker names to facilitate eventual selling of same shares without the hassle of certificate forfeiture at sale.
It sure seems strange that recently the higher volume days brings a lower price at end of day and low volume days just bring a huge spread in bid/ask prices and frequently end the day higher in price.
I think the current overall stock market crisis has contributed to investors over looking the accomplishments of AAGH and most other stocks. If the overall market bcomes stable we should have more interest in a stock that actually makes money and is probably running at a full year 1 PE ratio going forward (yes, I know that is hard to believe).
O.K...I get your strategy now...hope for a miracle or lose it all..that is sound investment thinking..LOL
No debt vs $65 million + put LEI in a different category IMO. If one wants to gamble odds much better with a Company that has NO chance of bankruptcy Vs one in bankrupcty (although no guarantee that you will make money on the former)
A few posters here where speculating all NCEYQ had to do was sell of some of their reserves ($1.6 million barrels of oil)and pay off their Laurus debt then they could go on their merry way. Using LEI's discounted PV-10 factor on their reserves value shows why Laurus wants to call in the chips now instead of continuing to finance their operations and receive less later.
I don't own any Lucas Energy stock or any NCEYQ stock. I was just using LEI as a proxy (similar oil reserves)as to whether NCEYQ assets could be sold to cover their liabilites. LEI is on the Amex exchange by the way not on the bulletin board.
Yes,
I figured that sarcasm was in your response. Just remember to sell some of your NCEYQ stock while you can.
Lucas Energy with NO debt should find a bottom somewhere around $2.00 I believe (95% chance of stabilizing around this stock price). Whereas, NCEY has a 95% chance or more of Chapter 7 bankrupcy liquidation ultimately with their debts far in excess of assets (based on a similar asset base as LEI and their public valuation).
Update:Lucas Energy has now dropped from $3 a share down to $2.00 and change since the recent oil price decline. I am finding it harder and harder to believe that NCEYQ will survive in this environment based on a similar comparison of assets (see below). However, I'm pretty sure the share price of NCEYQ will probably spike up to around $.20 at least one more time before they cash their chips in.
Lucas Energy has similar proven oil reserves (1.5 vs 1.6 million) and the Company only is valued at $20 million and it has NO debt. Therefore NCEYQ reserves can't be worth more than $50 million by those same calculations (NCEY paid $33 million for 1.3 million of those reserves when oil was $60)
Lucas Energy, Inc. (LUCE.OB) – Independent Firm Confirms the Company’s 1.5 Million Barrels of Oil in Reserves
Tuesday, May 15th, 2007
Forrest A. Garb and Associates, Inc., an independent licensed petroleum engineering firm, reported that Lucas Energy has approximately $67,363,580, or a discounted PV-10 of $35,941,320, in undiscounted future net revenue existing in their reserves.
NCEYQ to report late on Q numbers
http://ih.advfn.com/p.php?pid=nmona&cb=1218829300&article=27767206&symbol=NB%5ENCEYQ
Fein,
I can't reply privately to questions because I an a free member. At the time of the purchase of Mustang Creek Properties for $33 million(1.3 million barrels of oil proven out of 1.6 total for company) the price of a barrel was running about $60 (I just threw that out for reference purposes).
I thought LEI was undervalued when it was $4...now it is under $3 a share..tells you what I know about Oil company evaluations..LOL
Actually the roulette table maybe better odds then NCEYQ comes out with anything left...IMO
Lucas Energy has similar proven oil reserves (1.5 vs 1.6 million) and the Company only is valued at $30 million and it has NO debt. therefore NCEYQ reserves can't be worth much more than $60 million by those same calculations (NCEY paid $33 million for 1.3 million of those reserves when oil was $60)
Lucas Energy, Inc. (LUCE.OB) – Independent Firm Confirms the Company’s 1.5 Million Barrels of Oil in Reserves
Tuesday, May 15th, 2007
Forrest A. Garb and Associates, Inc., an independent licensed petroleum engineering firm, reported that Lucas Energy has approximately $67,363,580, or a discounted PV-10 of $35,941,320, in undiscounted future net revenue existing in their reserves.
I believe AAGH stock compensation to the execs with periodic selling has probably keep us in a stalled pattern for the last few months or so IMO.
FROM SEC FILING:
On May 22, 2008, the Company issued 2,000,000 shares of its common stock to Mr. Michael Mak, Chief Executive Director to compensate as signing bonus under the employment agreement dated August 18, 2006. At the same day of May 22, 2008, the Company approved and issued 1,000,000 shares and 500,000 shares of its common stock to Mr. John Leper, a director of the Company and Mr. Ng Hing, a director of the subsidiary as remuneration compensation for their services. The fair value of these stock issuances was determined using the fair value of the Company’s common stock on the grant date, at a market quoted price of $0.0825 per share. The Company recognized $123,750 to the statements of operations for the six months ended June 30, 2008.
As of June 30, 2008, the number of authorized and outstanding shares of the Company’s common stock was 300,000,000 shares and 133,362,000 shares, respectively.
True, but as the numbers get bigger the % will always fall. I also agree on the TV PR as it will probably be the only thing to get this thing going. We are currently running at about 4 PE now on about .0075 EPS for the 6 month period.
Hep,
AAGH revenue last Q will come in at least $2,776,000 (at least $4,300,00 million - $1,524,000 from press release) which is an increase of $586,000 from previous 2nd Q 2007 of $2,190,00. Growth of 27% by my calculation for the comparable 2nd Q.
http://www.sec.gov/investor/pubs/bankrupt.htm
Good overview of process for Chapter 11 BK
I picked up another 15K of AAGH at $.058. kind of strange that I didn't have to chase to $.06 a share for those.
Put in order today for 25K AAGH at $.054 then $.058 then to the ask at $.06 as they just keep raising the bid on me.
The courts will only potentially restructure the debt if assets exceed the value of their liabilities. If not then it reverts to Chapter 7 and liquidation of assets.