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If we do it seems they've already leaked...down 26+% :(
Lmfao...yep. Pre-approved as in Mother Goose. And to think EP would be directing anything, let alone featuring major stars, on a low budget, in partnership with another company that has no money, and taking a leave of absence from "money-making" HHSE is hysterical!
"Curiouser and curiouser" but in no way unusual for CPST management and their "analysts"! Spin it any way they want, but $25 million per quarter and 25% margin are still a long ways off. That is if they ever get there.
Mum's the word regarding BPC except that there are active lawsuits regarding CPST/DJ and crew's handling of that fiasco. Would like to see (maybe next 10Q?)a breakout of just how much they've been able to recoup due to the 15% markup. Overall about as expected except for the number of active lawsuits...lots of non-productive $$$ to defend I suppose :(
Yep, and as is usually the case with these "scumbag" pinkies and their promoters. Rip 'em off and disappear should be a required disclaimer...LOL.
Bottom line seems to be Tullow won't go broke and neither will KNOC/Dana if the well doesn't get drilled. HDYN...well they're rearranging the deck chairs on the Titanic from what I've seen.
HDYN appears to be toast. GLTY!
You too. Earnings on the 4th will be telling.
Exactly...some never do or are complicit in the scam. HHSE takes the money and doesn't pay its bills...end of story. Eric especially is a wannabe media guy and FS is along for the ride. And the deals they've made are atrocious. Of course there's the distinct possibility that many of those deals, from day one, were only designed to pass around money in a "friends and family" sort of way.
Time will tell...not a lot of attention or regulation at this level. Mostly they just "ride off into the sunset" when the gig is up!
Good points. I do, however, expect to see that mix improve to the CCHP/CHP side. But you're right, CPST will spin anything to make it all look better!
Yeah, don't know what the catalyst was for today but I'll take it! The SA article does paint a "rosy" picture and avoids any real critique of management's performance (or lack thereof). But, the basics were there and well stated as to evolving sales mix and potential. Now if CPST could achieve that elusive EBITDA breakeven,even if only for 1 quarter. Oh well, guess that will have to wait.
"Is this the JV finance in action?" Sure looks like it. Good read!
True for O&G for sure. But sales for facilities utilizing CHP/CCHP and the new (larger) signature series turbines should benefit from lower prices for ng. I like the direction that seems to be building for CHP/CCHP applications and not so much for the O&G apps. But both would be great!
No expectations of any good results. Actually they've already said that will be the case. We'll see how much cash they've blown through and go from there as far as expectations are concerned. Continue to reduce the bloat, combine production facilities, get more of those nice signature-series orders coming in...who knows, maybe next qtr will reflect???
Yep. Anyone actually think any major star would do "Mother Goose" for the $$$ indicated by HHSE/EP??? Its all b/s just like uplist, form 10, etc. Their financials are IMO unauditable. They make deals with other b/s companies and give out shares for no real value. Been that way from the start. Don't pay your bills, rip everyone off, and make deals with other companies that don't pay their bills either, or just flat out have been concocted to serve some rip-off purpose. That's how these guys "make their money" IMHO....friends and family deals with other scumbags. And we're seeing the results over and over with this farce of a company!
"I suspect he's holding one or more". Sure seems that way. Nice orders though!
Great to see that size order (plus the 15%) from BPC :)
No lead plaintiff, common for this type of legal "actions" by (ambulance chasers). No lead plaintiff and they go away.
Flat day on extremely low volume. Last product-order pr was 5/31 for the pasta place in Italy. About due....?
"Pure Comedy Gold !" Too bad they can't make a movie about this stuff. That way they might actually have a hit movie...LOL.
"What's there to update its all bullshit". From day one. HHSE=bad deals, crappy partners, rip-off deals. TCA funding dependent on an audit...got the money and taken to court. Money due from their derelict/bk distribution partner. NTEK deal, on and on. Actually surprised this thing is still trading anywhere near a penny or that anyone would put any stock in what these clowns say.
"All in, nothing here is suggesting a big negative but no big positive either." IMO the big's here are continuing dilution, lackluster revenue guidance, and recent increases in short positions. Really seems that it would take a huge catalyst of ? type to provide any strength to the upside. Flat at best would be my guess fwiw.
Read this about RDS at SA and immediately thought of Tullow. Just sub in their onshore areas and their focus on already completed projects/known offshore reserves and seems the story is similar (by necessity?) http://seekingalpha.com/article/3983838-royal-dutch-shell-served-notice-deepwater-drillers-big-trouble
"Mother Goose!" Classic! Well written so that just about anyone can see the true story of what HHSE/EP/FS are all about.
CPST's future doesn't rely on this or any other message board. But, they certainly haven't given much reason to cheer recently, and I suppose this qtr won't either. Lately its been negative guidance pre-report. Will we see that this time too? Anyway, your cruise sounded like a good time!
Guess just taking advantage of the situation. CPST seems to love shorters anyway 'cause they always seem to play into their hands. Whatever, just hope its not tied into some piss-poor "guidance" pending for the current quarter. Hard to tell whether this is an opportunity or just another screwing!
Just lovely...crashed right through the $1.34 today after having held up pretty well last Friday :(
"Well, for us, not a small paint." LOL...one of these days I'll learn not to trust Yahoo charts. They had 276 @ $1.40 showing as the close when I checked. Checked again today and they are showing $1.36....go figure. Surprising to see that volume @ $1.40 into the close. Anyway, not bad considering the "BREXIT Event"!
Yuck! And then a small paint EOD. Gotta wonder.
Profits every quarter but can't/won't pay bills. If they paid their bills there likely wouldn't be any "profits". What a joke. Financials that appear to have been done "on a napkin" will IMO never be audited!
Thanks for posting this. I read quite a bit on SA also. Something, anything to try and curtail the "shenanigans" associated with corporate earnings reporting. Hard to believe anything non-GAAP anyway. Analogy to "wizard of Oz": Pull back the curtains and show the wizard for what he really is...a fraud!
"This makes me think they just are not breaking out BPC recoveries and leaving us in the dark (nothing new there I guess)." Its all pretty convoluted to me, since they are supposed to be receiving payments plus the 15% upfront. So not booking the revenues seems odd to me. Typical I guess. Just have to what CPST has to say about it going forward.
"During Fiscal 2015, we recorded approximately $7.1 million and $2.6 million with respect to the accounts receivable allowances from BPC and EMI, respectively." Seems to me those were the write offs they recorded. I'd forgotten about EMI, but I'm remembering that CPST touted the renewal of shipments to BPC and recovery of $ from them.
Anyway, I find it strange that they have no mention of those recoveries in FY 2016. I'll have to take another look at past report and pr's, but I'd swear they touted recoveries from BPC...maybe just the 15% markup?
Some improvement but: Still need better than 33% improvement in revenues to hit their EBITA target. And they said bad debt recovery for the year of $1.5M, $1.4M of which was from EMI. No mention of BPC even though they had previously touted new shipments to BPC and (if memory serves) a bad debt recovery from BPC (that was also $1.4M?). So which is it, or are "they" just confused???
Yep, same here. They've already baked in low expectations, but somehow managed a major pump-and-dump private offering, and appear to be still working the ATM...All in very pinkie-like behavior. The dilution alone will "improve" per-share performance, so I suppose they'll continue on with that strategy. Dismal management.
Gotta wonder if we'll ever find out what that huge move down late day was all about. :(
Failure to deliver is the most constant thing about HHSE. From the start. And these recent ones were real doozies!
Well, there goes the sp again with today's disclosure that DXI will issue up to 25 million shares at C$.12, when today it closed at C$.175??? WTF other than another money grab by insiders and their cronies. I had hoped this might revisit the USD$.20's due to improving oil prices, but this will knock the legs out of that idea. What a bunch of crooked bastards!
Unfortunately its not surprising given the offering and possible (likely) ATM activity. I haven't seen anything yet from CPST as to how successful (or not) their offering was. Kinda odd, but assuming the shares were placed, a lot more ammo for shorters to work with.
Maybe some covering last few days. Today was stronger than I expected.
One of the things I find interesting is the lack of pre/after CPST trades. Any manipulation seems mostly late day paints.
Two already today! Anyway, the commissioning at Sierra Nevada will put lots of eyes on the CPST turbine application as part of their micro-grid. Lots of different tours, and one of them focuses on sustainability. Probably update their info soon with the turbines replacing the fuel cells. http://www.sierranevada.com/