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$0.20 is a strategic price...
If anyone believes that they will make profit in 2010 of $30 million, then the value of this company is pretty easily $300 million (10 x earnings).
Now, assume that he keeps O/S at no more than 1.5 billion shares.
Divide that out gives a value per share of $0.20 - at $30 million profit. If that profit is tripled in 2011, then the share price triples also - to a value of $0.60 in 2011, but prices are typically based on forward projections.
This means it could conceivably get to $0.50 or so... depending on acquisitions and how much investors believe his profit projections - unfortunately, EQUR and QASP does not have a history of hitting on their promises.
How are you tracking O/S?
Where are O/S numbers coming from?
What are O/S and where are numbers from?
Where are O/S numbers coming from?
Tax loss selling not so bad...
Not as bad as I had thought at least. I expect EQUR to rise back to $0.01 within the next week or so. I hope there is an update on the lawsuit soon.
I guess we all have to hope that Marty Zell is an honest man - we have put all of our trust in him.
I do know....
That since Marty Zell took over, the share price has dropped from $0.035 to $0.006. It seems that he stopped everything that Equus did - there is currently no business... nothing is happening. Supposedly they will resume operaions of "some" business once the legal battle with Harris and Cunningham is complete. They are hoping to get enough money from Harris and Cunningham to recapitalize the company and make another run at it.
They changed corporate address...
They submitted a document with the Colorado Secretary of State today to change the corporate address. You can check it out via this link...
http://www.sos.state.co.us/biz/
Search for Equus Resources
This board is as dead as the stock.
How much money have you made??
I may be amateur, because I buy a stock in hopes of making money. If I buy a stock - then they shutdown operations... I look at this as negative.
Please tell me how to frame this as a positive.
But there is no company now...
They have shut down 100% of all operations. What is everyone hoping on? What is going to make this stock go up?
Marty Zell...
I see that the website has a new face... but not an improvement. What is he doing with this company? I feel that we have less of a chance of success under Mr. Zell than Harris or Cunningham. At least with them I thought there was a chance of success.
The new website is embarassing. Mr. Zell needs to be removed from office and we need a real businessman to run this company.
As for his background, here is his current business. Oh, if he could only build Equus into such a great empire...
http://www.justaskcolorgraphics.com/
This is our new president...
It was a simple question...
Where were we when Marty Zell took over? It seems to me that he has shut down the company completely. What does this gain? Is he spending money we don't have fighting a legal battle we cannot win? This is my concern...
If we were at $0.03 when he took over, and now we are at $0.015... then was it a good move?
To me it is about trying to make money. I agree that Harris and Cunningham did not make us money - but Marty Zell is killing us just as bad as they did.
One more interesting note - from what I have heard, Marty Zell did not pay for one share of this company that he now runs. He was given all of his shares by Harris and Cunningham... and now he is fighting them.
It seems to me that he should be first on the list to say "I am going to do what is right" and give those shares (that he obviously did not earn) back.
It seems like he is one of the people he is fighting - I do not understand how someone who was GIVEN 100% of his shares is fighting the practice of giving shares away.
Can someone help me understand this? He has nothing to lose and everything to gain.
Where was it when Mr. Zell took over??
Wasn't it somewhere around $0.03 or $0.025?
Is anyone happy about the takeover??
Where did everyone go? What happens now? Why no press release?
Great move.. voting in Marty Zell
Looks like Marty Zell was successful...
Is this good news or bad news? Does anyone expect this stock to get back to $0.05 soon?
Today looked like some buying... for a change
Any new Marty Zell updates?
I did not see anything this week.
Could this be a buy in point??
Obviously something will happen... either Marty Zell will take over or the current management will make changes to keep him at bay. Either way - change is good.
Is anyone considering buying at this point on the Garfield product and possible new action? This is a very low point for the stock - maybe play for a $0.05 get out point for a quick profit?
What is Mr. Zell's email?
I may send him a few questions... I am about ready for change.
Looks nice though...
At least it is someting. Maybe something is up...
NEW WEBSITE IS UP!!
Check it out - I like it.
The financials are in a better format too - no more Excel. Too bad the numbers don't look as good as the format.
NEW WEBSITE!!!
I know a guy who has been busy building them a new website and it should be up this week! They will have a new logo also.
I have seen preliminary designs of this website and it is nice looking.
Hopefully this means that they are moving forward as a company - at least the website will no longer be embarassing!! A new image is a good start - let's just hope it does not end there.
Who knows...
I agree that it will probably hang around a nickel for a while. I see this as more of a long term play - they are trying many things... all it takes is one of them to take off.
Not possible...
The float is too small on this stock; they may have 47% of float - but that is not enough. I am sure that Steve and Randy own a controlling share of EQUR; they would be fools not to.
We can all agree to that!!!
Let's get someone in charge that will make us all some money.
I agree with that 100%!
I am just afraid that people will get so upset with things that a rash decision will be made - as bad as it is, things can always get worse.
Let's wait on the annual meeting - which was promised, and give Randy and Steve a legitimate chance to defend themselves. If not, we replace them... BUT... we replace them with the most qualified person.
I just question the integrity of anyone who puts together a smear campaign to take over a company. I have a feeling that Marty Zell is trying to take over Equus in this method because he feels this is his only shot.
Let's let everyone interested put their hat in the ring, have a quick 'debate', then let informed shareholders vote on how they want to proceed with the company.
This board is useless now..
It's become a political board - Marty Zell cannot get the shares required to take over Equus. I think efforts would be better spent working on building up Equus - not tearing it down.
Marty Zell was on EQUR Advisory Board...
He was put on the advisory board in early Jan. 2006 - so he is just as much to blame as the others.
Obviously he could not help them from the advisory board, so what would make me think he can help run the company. Here is what they said about him in their press release...
ATLANTA, GA--(MARKET WIRE)--Jan 19, 2006 -- Equus Resources, Inc. (Other OTC:EQUR.PK - News) ("Equus") today announced the formation of a financial services advisory board and named Marty Zell, Joe Stingone, Tim Betros, and Bert Watson, Jr. as the initial advisory directors.
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Marty Zell, after a highly successful career in business and finance, including Government guaranteed lending and the secondary mortgage market, retired in 1998 to manage personal and family investments. During the 1970s and 1980s, Marty was a financial consultant and advisor to a dozen community banks in Virginia regarding processing, funding and servicing government guaranteed loans. Prior to retiring, Marty also served for several years as President and CEO of the Business Loan Center, one of the first of a small group of non-bank lenders in the SBA loan program.
A real success story... BULLSHIT. He is no more qualified to run this company than anyone else... and he most likely received his shares free for joining the advisory board.
That is what I am saying...
I can go along with not backing Harris & Cunningham, but I will only do this by backing a proven candidate. I know nothing of Marty Zell... and if he was so successful he would not waste his retirement running a penny stock.
Dilution...
I agree that share dilution is one of the biggest problems with Equus, as the drop began with the updated information on PinkSheets.com - showing the number of outstanding shares.
I am curious as to how you know shares were sold, reissued, etc.
One question I want answered at the annual meeting is where the most recently issued shares ended up. If they ended up in the accounts of Randy and Steve as you say - then we have a problem; if not, then we all need to evaluate the effectiveness of these issues.
I say nothing negative of Marty Zell - I know nothing of him... I also say nothing 'personally' negative of Randy Harris or Steve Cunningham, as I cannot verify your statements about them and I do not know them. I do say that I am not happy with where they have taken this company, but I would like details on what they have been doing and what actions they have been taking.
It is possible that they have been doing the best job that they can and are just not capable of making Equus a success.
It is also possible (as you imply) that they are crooks taking advantage of shareholders.
It is also possible that they have lucked onto something valuable with Garfield and this stock ends up being a good buy.
The problem is that I do not have the information to make this judgement, and I will not demand their replacement without verified information.
I predict we are back above $0.02 by the end of this week... and much of the panic will have waned.
You are ignorant...
or do not read very well. I have never supported or defended Randy or Steve; I just don't think a quick change is the answer. Let's look at all the facts once they are available.
Also - simple investing - the job of the CEO is to manage the company, and not the stock price. The company cannot be valued at this point because we have no idea what is going on with the Garfield products.
I am not a Randy Harris, Steve Cunningham, or Marty Zell fan - but I will be a fan of whoever makes me money in this company. That is the bottom line...
Grandstanding on a message board is not very productive... and someone trying to take over a company by sending out unsolicited emails and posting things on message boards is like a lawyer advertising for wreck victims to call. Not a very classy move, and I will not support anyone who used underhanded tactics.
More B.S. Campaigning...
You obviously are either Marty Zell or have a personal attachment to him. I don't know him, so why would I trust him any more than Randy or Steve. I agree that they have not increased value - but that does not mean that I am crazy enough to give the company to some other unknown 'businessman'.
I assure you that I am much more qualified to run this company than Randy Harris, Marty Zell, or anyone else likely to step up to run a pink sheets company - but that does not mean I should be campaigning for a 'hostile takeover' from the inside. This is insanity at this point.
If Mr. Zell were so successful in his past businesses he would not be worried about the present state of EQUR - as I am not. Everyone knows a penny stock is a gamble - if not, then you should not be investing in penny stocks. I question his past success - how do you define his success at his past businesses? I would argue that your (and his) definition of success are much different from mine.
I say we wait for the annual shareholder meeting and let everyone speak. We can then see who is most capable to run this company going forward, and make the necessary changes.
This is obviously a move by someone who is in a state of panic to try to take control of a company. It seems to me that this type of move is being done because Marty Zell knows he would not be chosen to run the company if there were an honest open forum and vote.
Maybe I'll throw my hat in to run this company; but running a 2 to 5 million dollar company would be a smudge on my resume.
This sounds fishy to me...
I think the annual meeting will happen. My opinion is to wait on the annual meeting then see who this Marty Zell is. Believe it or not things could get worse!!
It sounds like an emotion play - trying to act fast while the stock is low... but the stock is gaining ground since the lastest release. Once it is back to $0.04 or so it would not be as big of an issue.
EPI is the key for now...
I think they are hoping that EPI pans out and increases its valuation; they would then sell EPI to get cash to fund their REIT. I think it is a good gamble... they have pretty much bottomed out.
Do the numbers assuming they sell EPI for $4 million...
The only question I have is the $375,975.46 of bad debt. This is HUGE for this company; what is this?
What is your take???
The financials look bad, but the notes on the financials make me feel better.
NEWS is out...
Financials on www.equusresources.com - under About Us - left hand side Financials link
We're all long-term now...
There is no getting out now. I am holding his one all the way to zero!
What is going on???
Does anyone know what is causing the bloodbath??