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Re: CKYS In 07/2006 they issued a mid year financial, showing the large gov't order (20 million) as a receivable. Then, at the end of 2006, the annual financial still showed aprox. 19 million receivable. And the only new orders during that time, via pr, were small - so I figured the receivable was still the original order.
It seemed real strange to me that no funds were received after all that time. I started to suspect it was a multi year order, to be shipped out in pieces, and that they incorrectly recognized revenue way way in advance.
Although I never suspected outright lying or fraud, I always viewed the big order as a 1 shot deal, thereby valuing it as book value, but not price/sales, or P/E basis. I bought CKYS around a penny mid 2006, but got out fall 2006, when they put out a pr about goverment re-orders which were very small. The 2006 year end financial, with it's continuing big receivable was just another red flag.
As far as last night's pr, I think the ceo is dumping blame on a penny stock bookeeper ??? How can a 10 employee company ceo not know whats up with a 20 million dollar order ! And all the convoluted language about 3rd party this and that ???
Unfortunate for those in it, but I think this company is history. Shareholder lawsuits should consume any future profits, if there are any, now that ceo has been arrested by the FBI, and charged with fraud.
Board question. When RGNO issued a pr saying conservative 75 million in new 2007 revenue, they did not mention a ballpark figure for existing revenue levels, in order to calculate a grand total.
Any ideas on previuos 2006 revenue levels ? They have said they are debt free, and buying new leases with existing cash flow, so I am wondering if existing revenue is a lot higher than expected.
Once you get to 2 years, you are all set, no form 144 needed, no legal letter either. The company just signs off on a generic form, which is then sent to the TA. TA charged about 75 dollars, and that was it, get clean certs, deposit with a broker, and sell anytime.
All the mumbo jumbo is in year 1.
Fascinating post. I did not know about the ability to demand legend removal - very good to know.
Fyi, a year ago, I had some restricted shares from a private placement in a different company, and sent them to the same Transfer Agent, Signature, and they returned clean certs to me in days - (2 year hold). I was actually surprised how much time they spent on the phone with me, on 2 occasions, educating me about the 1 and 2 year processes.
In my case though, the public company was supportive. That is prob the key. Also, waiting 2 years to start the process made it simpler. As you described, the 1 year period is trickier, and company dependant. After reading your story, I will definitely be more aware of the troubles created by an un-cooperative company or TA.
The cost is tough for smaller purchases, and many never find this out until later. Also, if you file to sell after the 1 year time, and your sell price does not hit after a couple of months, or so, you have to get a new legal letter, file form 144 again, and pay the aprox. $100 fees again. There is a time limit on form 144's. A friend of mine paid it twice before selling. It does add up.
Shares held in most brokerage accounts are held in "Street Name", meaning brokers name. I think it possible certs will be sent to brokers, and deposited in our accounts automatically. Hopefully they will be restricted, and not free trading, to discourage dumping.
nice to see they are openly admitting the failure of Reg Sho.
I view all the panic, bashers, and shorters as doing me a favor. This is one stock I am holding long term, and all they do is allow me to continue to buy, at low prices, and with more information in the public record abiut the future of ACMG. Nine months ago, I was buying higher, and with less info.
I am not selling or flipping, so what do I care about today's price. With financing in place, we do not need to dilute to grow. A low share price should not hurt our potential. And when revenues hit, we will eventually get a fair price. Personally, I hope it stays this low so I can double my position.
ACMG, imo, great buy here.
.04 current price on ask
Share Structure: aprox.
Authorized: 250M
O/S: 118M
Restricted: 73M
Float: 45M
Current mcap = aprox 5 million
I have been in this stock for 9 months, have, at times, communicated with ceo via several emails, and hold a large position. I will post more commentary later, but I believe the risk reward ratio here is big, and wanted to post now.
Lots of info on ACMG website, in recent PR's, and also, read all posts 2 months back by "Jerseyboy" on Ihub ACMG site. He gets info from someone close to CEO, and his posts are well reasoned, and give much insight.
165 million 5 year deal signed (33 million/year). Plant funding coming in now, minimal dilution, and some huge future projects with funding in place.
When all is said and done, ACMG will have aprox 250 million shares. A big part of their income will be liscencing revenue, which I love, it's pure profit.
CEO has put his shares into escrow, new shares will only be issued to big new investor consortium as ethanol plant construction milestones are hit.
I have been trading pennies for almost a year, and try to post logical thoughts with some basis in reality. Typically, they get ignored on just about all boards, smothered by Weeeeeeeeeee, and To The Moon, or POS, SCAM, etc....
I am running late this morning, so need to read some news now, but I will continue to contribute here.
Thx.
IPEI - I have not reviewed it yet, but my first instinct is that future revenue from a film production company is too variable and unpredictable for me. Along with high cash needs for production.
Also, the fact that they already had a reverse split ads to my concern over cash burn.
But I will read the report when time allows, and let you know what I think.
Thanks all for the welcome. I will post some ideas - I should have time to create a post tonight.
To me, this stock, at this price, is one of the best values I have seen in pennyland. It's as if all the recent news did not matter at all. I have owned for almost a year now, and I am thrilled I have another opportunity to buy at these levels.
Imo, the CSHD, SLJB, CKYS, and spamming recent penny halts have had the effect of making investors blind to future value. The fact that many want to flip only, hour by hour, has created some great value opportunities.
I found your board when I saw the I-Hub home page promo. Actually, I was amazed to find a board thinking like I do.
Prior to any buy, I always start with determining share structure, and most importantly. current market cap, which I then compare to revenues. Your relentless insistance on starting with that figure is appreciated.
I find it is kind of rare that penny posters even look at current or estimated future market cap (including an analysis of whether dilution will be needed to achieve revenue targets).
Many posts elsewhere dream about large future share prices, using bigmarket P/E ratios, and often calculate P/E ignoring preferred, and somtimes ignoring restricted.
Just started following your board a week ago, read every post, and I value the technical talk. I agreed with your posts about the SEC halts, re: unsolicited.
yes, 10 million @ .0002 It was a GTC order from yesterday
Fine. I am done with this converstaion. I do feel better knowing you are "on patrol" protecting us.
I this your new life's occupation ?
As I said in my message, I am glad to know the DD you found. And I sincerely mean it. I had seen weeks ago where Ed was an unusually large holder - compared to his wife, but did not SEC Google him. I am glad you did. I have not said your DD is wrong - to the contrary, I believe you do very good DD.
I decided to hold here, eyes open. My cost is under .035,and my position relatively not that big.
If I found negative DD on a stock, I would post I had sold, and also post the articles and links, without much comment. I would have informed people of the issue, without wasting my time posting relentlessly about a stock I no longer own. I have much better things to do with my time.
Once I sell a stock, I am back into DD time for the next one to add. I may follow the price for a while, out of curiosity, but that's about it.
I just do not understand why so many people, have so much time, to post on stocks they do not own, and do not wish to own.
I do not understand why you spend so much time posting negative comments on message boards after you have sold a particular stock.
It's good to have seen your DD, but why do you enjoy harping away after selling ? It seems it's frequently after you sell a stock for a loss.
AURC in good standing with Sec State DE, as of 10 minutes ago. I paid the 20 dollars to check. There is a past due advance quarterly tax payment.
Seems like no big deal to me.
James Monroe Capital in Talks Regarding Oil Deal
CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -
-
James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2. The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: James Monroe Capital Corporation
James Monroe Capital Corporation, Northbrook, IL
Chris McGovern, 847-418-3848
Copyright Business Wire 2007
VentureNet Capital Buys Stock in Cotton & Western Mining, Inc.
Business Wire "US Press Releases "
TEMECULA, Calif.--(BUSINESS WIRE)--
VentureNet Capital Group, Inc. (Pink Sheets:VNTN) announced today the purchase in the open market of 1,892,000 shares of Cotton & Western Mining, Inc. stock (CWRN). Cotton & Western is structured to produce and sell iron ore on a global scale. Currently, the company is engaged in mining activities to provide the Asia Pacific steel manufacturing sector with high grade raw crude iron ore products.
About VentureNet Capital Group
VentureNet Capital Group is a business consulting and management company that provides capital information, media services, advertising and marketing as well as funding to public and private companies. The company specializes in helping with funding public businesses that represent emerging growth opportunities as well as established companies that demonstrate potential for long-term capital growth. VentureNet produces a radio talk show called wallstreetnewshour.com, and co-produces a national television show filmed on the floor of the American Stock Exchange called Let's Talk Stock, to help profile public companies to the capital markets. VentureNet also markets JIAN business software at www.jian.com/a/mkb123.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, further events or otherwise.
Source: VentureNet Capital Group, Inc.
Entity Details from DE.
It just stated authorized was 500 million, and they were current with tax status, and in good standing.
Authorized 500 million now, per Sec State DE.
I have been looking into buying here, and just paid to get the Delaware Sec State report on WRNW, it shows authorized shares are 500 million. Looks like there was a filing 1/23/07, although I could not pull the actual filing from the web.
Does anyone know the current O/S ?
Re: possibility of ETIM reverse split.
IMO, they will need to do something. The latest financial, up to 1/31/2007, shows about 100K cash and receivables, 400K accounts payable, and they are burning through 1.5 million/year. Sales will increase, but so will advertising costs etc. And their margins are average, not phenomenal, and they will have all the typical retail/wholesale cash flow troubles unless they factor their receivables.
They need cash and will have to do something. Take on conv debt, or reverse and dilute. The latter is my guess also.
I felt the PR about end of Reg-D sales was very carefully and cleverly worded. They did not say end of dilution, just end of that particular vehicle to dilute.
I love the niche of ETIM, and think they will become a significant company, just need to buy at the right time, once they are closer to decent cash flow, and closer to the end of major dilution.
Comments ???
Gas is around $8.00 per MCF
When I read all old posts, it sounds like they were trying to get financing for over a year.
Board question. Can anyone comment about TTCH's prospects for obtaining the financing they need to fill order backlog ?
The lower the price goes, the more I will be buying. As stated before, AURC now has all the cash they should need.
I see dramatically higher share prices as inevitable, as production increases.
Agreed. Much better disclosure lately.
Re: Conv Debt.
The times CD's hurt the most is with companies who will need to dilute to further fund operations, thereby spiraling down in price.
AURC will not need to do that. This loan will get them to major revenue/profit generation, and sustainability, and the huge reserves value should support the higher fully diluted share totals.
Was a good risk-reward play early on. Took too long, though. I think the pressure of the pending release of the quarterly financial, and the need to comment within, on the merger, caused today's release.
I guess we could call this the second "St Valentines day massacre"
UniverCell And Pure Romance Cease Merger Talks
PrimeZone "PrimeZone "
MIAMI BEACH, Fla ., Feb. 13, 2007 (PRIME NEWSWIRE) --
UniverCell Holdings, Inc. (OTCBB:UVCL) announced today that the company has ceased merger talks with Pure Romance.
Sean Y. Fulda, CEO of UniverCell, commented, "We regret that the merger talks did not culminate in a successful reverse merger as we originally contemplated. Several issues arose over the past five months including the timing and costs of the merger, which caused the merger talks to cease between the two companies."
UniverCell will continue to seek a merger candidate or attempt to raise capital to fund new subsidiaries and operating companies. The advantage of raising capital and funding new subsidiaries and operating companies is that there will be less shareholder dilution than a reverse merger would affect. The company has several businesses and industries that it is currently exploring.
Statements about the UVCL's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
CONTACT: UniverCell Holdings, Inc.
Sean Y. Fulda, CEO
786-276-7817
AURC: Financing News, Bid Building
Aurus Obtains Advantageous Financial Package
NEW YORK, NY, Feb 12, 2007 (MARKET WIRE via COMTEX) --
AURUS Corp. (PINKSHEETS: AURC)
Martin Grancharoff, the newly appointed board member, has obtained financing from a Canadian private equity fund in the amount of $50 million over a period of 5 years.
Mr. Grancharoff states, "The funds will be used to purchase equipment for the Krong operations both on its deposits and in its refinery. Part of the funding will also be used to restart the mining operations with new superior equipment on the deposits held by before the merger by Zabaikalgeoprom."
So this would apply to the January AURC numbers as well ? Seasonally low due to weather ?
Board question. Does winter weather slow down monthly gold production numbers ?
PTSH sub DBYC bagger
I still like this stock quite a bit. Did not sell any today.
We are not seeing any dilution
75 M new revenue (stated as conservative), so maybe gets to 100 M rev for 2007
165 million shares O/S = 40 cents per share 2007 revenue potential.
I think that's exactly what has happened.
I am holding all mine as well. I like the prospects very much, current market cap is about 4 million, and very low float, based on trading volumes, and TA.
IMO, CEO is not the numbers guy, and got confused about float versus O/S. A pr from financial person at company would be very nice to see. Unless I see definite evidence to the contrary, I am sticking with the good feelings I have about CEO honesty. I do not sense any intention to mislead, and see no evidence of dilution by company.