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KINS
Didn't even notice this yesterday.
Kingstone Announces Quarterly Dividend of $0.05 per share
The Company announced that its board declared a quarterly dividend of $0.05 per share payable on December 12, 2014 to shareholders of record at the close of business on November 28, 2014. This marks the fourteenth consecutive quarter of dividend distributions.
Is your friend not required to file a schedule 13 with ownership of 6 million shares? That would be more than 5% of the outstanding stock. I saw only board members and executives in the 10K.
I sold off the remainder of my TEXC position yesterday. I was quite happy with the company until the recent acquisition. The final nail in the coffin for me was the large sequential decrease in revenue. From memory the company did approximately $5M last quarter. The proforma which removed MBES' contribution adjusted that amount down to $3M. The company's revenue dropped to just over $2M this quarter. That is approximately a 30% sequential drop in revenue. I will possibly look for re-entry once I can see the 3rd quarter report. Not interested at anything close to these prices though. It will be interesting to see what happens to the share price with the reverse split being effective today.
Gross margins rebounded to 30.5% from 26.8% last quarter. Backlog also continued to increase and now stands at $70,407,000. Very impressive quarter IMO. MUEL is quite a bargain at a share price of $40.00 with monster EPS of $2.71 this quarter.
Screenshots from the proxy.
http://texcomresources.com/pdf/2014%20Shareholders/texc_proxy_statement.pdf
What are your thoughts on the Proforma contained within the proxy?
http://texcomresources.com/pdf/2014%20Shareholders/texc_proxy_statement.pdf
I think revenues are looking pretty good. They have always tended to be rather lumpy. Revenue for 2013 was only down 1.5% when compared to 2012. The first six months of 2013 were pretty dismal when compared to those in 2012. However, the last six months of 2013 were far stronger than the last six months of 2012. SGA is has been been constant for the past year and half at around 23%. Gross margins improved drastically in 2013. Cash is up over $8M. Even after today's price runup, the stock is very undervalued. Hopefully, the company has an epiphany and begins to become even remotely shareholder friendly, decides to make a tender offer for our shares, or receives a buyout offer that they can't refuse. That could pay for a lot of cafes and/or race teams.
What are your thoughts about Tognetti's intentions? I am not too familiar with the policies governing Canadian securities, but read somewhere that insiders exceeding 20% are required to make a general offer. Tognetti has been on a share acquisition spree over the past several months. Thanks.
I picked up a few more today. I have other bids in. I will continue to average down. It appears that most of the convertible shares have been sold. I am looking for a nice rebound in share price as the company continues with its recompletes. Mesa has access to a nice chunk of capital and I expect that to benefit all shareholders in the short to mid term.
What is the spread on HENC? I don't have L2 and have been thinking of taking a starter position?
Spilled milk? Blood would be much more appropriate here lol.
Jeff "would you like fries with that?" Edell?
It's not hard to keep track of when he has been almost the only one selling for months. Most people are smart enough to not sell at the bottom. Most people.
I think that Edell is no longer a 10% holder. He most likely no longer has to file form 4s. His most recent sales filed August 12th had his share total down to 3,005,294. From the most recently filed 10-Q "As of November 12, 2008, there were 30,024,296 shares of the registrant’s common stock outstanding". 10% of that share total is 3,002,429. I would bet that since November 12, 2008 that there has been at least a nominal increase in the shares outstanding. IMO he is now below the reporting threshold.
I have been watching shark week on the Discovery channel this morning and during the most recent commercial break there was an infomercial. A Tool Bandit infomercial!! I don't know how long they have been running these ads but this was the first one that I have seen. Anybody else seeing tool bandit infomercials?
Tool bandit pitchman Billy Mays has died.
http://www.foxnews.com/story/0,2933,529328,00.html
http://www.tmz.com/2009/06/28/billy-mays-is-dead/
He began May with 3,852,957 shares. Currently Edell is down to 3,522,792 shares. As of November 12, 2008, there were 30,024,296 shares outstanding. He should be just about done. Unless he is not considered an affiliate, then he could unload all of his shares.
Anyone care to offer their insight as to what percentage of P2F sales VBDG would likely receive as a royalty. Is 10% too optimistic? Not optimistic enough?
At the end of this clip on youtube is where they talk about the estimates.
I don't know if you were able to catch the episode on Wednesday, but I just finished watching it from my DVR. At the very end of the episode the inventor Mike Shurm meets with Billy and Sully to find out his and the Tool Band-it's fate. Billy proceeds to tell him that it was a grand slam. The narrator's closing remarks were quite intriguing as well.
Narrator: "The test campaign was aimed at networks that attract a lot of do it yourselfers. And the ad brought in three and a half times the cost of airtime. A full ad campaign is being planned. And estimates are that Mike and his partners could gross up to $700,000 a week on Tool Band-it."
Hopefully with MyPlace, Tool Band-it and other future products many of us will no longer feel like stuckholders and instead will finally begin to see a return on our investment in this company.
I love seeing this guy accumulate in the open market. I love even more seeing that his average is much higher than mine.
http://business.timesonline.co.uk/tol/business/specials/rich_list/article3796207.ece
Butler, Parro, and Marcell were given options to purchase various amounts of stock for $.124/share. Butler, Chamberlain, and Smith were granted 750,000 shares as performance bonuses that they did not have to pay anything for (Parro also was granted 100,000 shares for which he also paid nothing). Marcell was only given stock options.
Most options will not be exercised until close to the expiration date so long as they are still a bargain. A good example is Butler. When he was hired he received 3,000,000 options to purchase stock @$.515. It obviously makes little sense for him to purchase those shares at this time. All of those shares expire 08/31/2010. What makes me wonder is he just recently received options to purchase 2,000,000 shares @$.124. I wonder if these most recent options are replacing the previous options or are in addition to them.
I have a lot of admiration for how you post and handle yourself here. Your illustration is still relevant concerning Parro and Marcell. But most people are upset over the stock granted to the officers not the relatively minor amount in options for Marcell and Parro..
A great example is Bradley Parro's Form 4. He was AWARDED 100,000 shares. He also received the option to purchase 166,000 shares @ $.124 on 03/23/2010, 167,000 shares @ $.124 on 03/23/2011, and 167,000 shares @ $.124 on 03/23/2012. He paid nothing for his 100,000 share award.
Smith, Chamberlain, and Butler did NOT receive options to purchase stock at $.124 like Parro and Marcell did. Smith, Chamberlain and Butler received stock awards which means they received stock without having to purchase it.
That post is incredibly misleading Joe. Yes anybody here could have BOUGHT shares for a price equal to or less than $.124. What your post does not mention is that Smith, Chamberlain, and Butler did not buy jack squat. They AWARDED themselves 750,000 shares without paying 1 red cent and further diluted all shareholders excluding themselves. I will gladly take some free shares from the company should any of you be able to arrange it.
Posted by: Penny Lane Date: Sunday, October 19, 2008 11:39:39 AM
In reply to: 10 bagger who wrote msg# 107956 Post # of 113020
SGZH is at the top of my china r/m scams list. From the CNEH 4/17/06 10-K:
5% Holders
Hong Jun Li 1,496,000 8.2%
The same Hong Jun Li that is president of SGZH. The more recent CNEH filings no longer show this Hong Li ownership suggesting he sold those CNEH shares out the back door without any updated filing and still no explanation as to how Hong may have earned that CNEH freeby dilution gift in the first place. The google below of the SGZH and CNEH previous common address (20337 Rimview Place, Walnut, California, 91789) is the simplest of dd one would need to determine both are egregious dilution abusers.
http://www.google.com/search?hl=en&q=20337+Rimview+Place%2C+Walnut%2C+California%2C+91789.+&btnG=Google+Search&aq=f&oq=
Also look into Terry Cook who has brought multiple Chinese reverse merger scams onto the OTCBB. He appears in early CNEH filings.
It's a China stock. A lot of people are of the opinion that it is a flat out scam. Search the boards and you will get multiple hits. If it wasn't for the connections with several shady individuals and wasn't based out of China I would be all in.
Haha thanks for the laugh I needed that. Quite defensive indeed. Revenue has grown from $8.8M to $36M. But DDI did not grow that much and has probably been shrinking in all actuality over the last year or so. He conveniently leaves out all of losses due to interest payments for some of those acquisitions and the absolutely massive dilution that shareholders faced as a subsequent result. The stock price is low because of the financial tsunami is an absolute joke. It did play a significant role in price decline over the past 6 months, but the largest portion of that decline was from shareholders like myself who were infuriated by blatant and major misses of guidance that the company used to steal $40 million from the Dahlman Rose fiasco. Steve's title may be VP of IR, but that is a joke. How many people are in the IR department? Steve is no more of a VP than the multiple VPs you will find at any local bank where they give the VP title away like hotcakes. Believe me that if he could make what salary.com says he is worth he would be gone yesterday. And Gene Butler is another horrendous example. He says that Gene is a bargain because the average is $534,936 for a CFO and Gene got how much sarcastically? Actually Steve, Gene received $712,789 in total compensation last year. This year his base salary is $310,000 and just a couple of days ago he awarded himself $93,000 of stock that he has already profited on. I would be shocked if he does not pull in more than the $712,789 he made last year. All of this for one of the worst performing stocks in the market over the past year or 2. And then he begins to cry about penny flippers as a reason the stock is down LMAO. Typical penny stock talk. And the best line "who has the fundementals to attract reinvestment when the bulls again take over -- I believe we do." Well I would love to hear what the last investors to the tune of $40M would have to say about that lol. Not to mention that many companies market cap is well below their yearly revenues. The biggest piece of crap I own VBDG will probably report 2008 revenue of about $36-37M and their market cap is $2.64M according to google finance. Thanks for taking the time to post that frankermel. I think its very important to get an insight into what the company thinks about the current situation.
I can't speak for Hank, but I used to own hundreds of thousands of shares myself. I have not owned any for quite a while due to them missing Dahlman Rose guidance continually a few quarters ago. I still lurk for the fact that it may eventually get close to a level I consider a good buy with little downside. I was getting close to reacquiring a position when it was sub $.10. I still try to keep up with it just in case it ever becomes what I would consider a good value play. But we are nowhere near that right now, so I will continue to hold out.
Of course they were granted. Why would management step up to the plate and buy shares in the open market like legitimate officers when they can just print shares and further dilute long time shareholders? These guys just don't get it. They should apply for positions at AIG. At least some of their employees feel guilty for taking money they do not deserve. They continually reward themselves when it is not merited. If they are ever able to put together a couple consecutive quarters of top line growth and profit then maybe. I would not be surprised in the least to see the big 3 here award themselves with over $1,000,000 total compensation each this year. The big 3 (3 Stooges?) each gifted themselves $93,000 in stock based on $.124/share.
Greatly appreciated.
Well considering Ron owns JUMA I'm sure he's happy as a pig in ____! That guy is making a killing off of salary, raises, bonuses, stock awards, and of course lease hold improvements.
Disgusting
Was it live only or is archived on the website?
From Cuming's website "Cuming Corporation is a privately owned company of approximately 150 employees experiencing rapid growth with competitive benefits including health insurance and a 401K plan."
The following data appears to be a little bit older.
http://www.indeed.com/cmp/Cuming-Corporation
Cuming Corporation is continuing to develop improved forms of syntactic foam insulation for higher temperatures and greater depths, and salutes Shell for its leadership in promoting new technologies in deepwater oil and gas production. The company believes the experience of the King field will lead to the use of these advanced materials in many more projects. Cuming Corporation was founded in 1980 by noted materials scientist Dr. William R. Cuming. For the last 20 years, the company has manufactured quality syntactic foam products for the offshore oil and gas industry from its headquarters in Avon, Massachusetts and more recently, from a plant in New Iberia, Louisiana. As the offshore indu... More from Zoominfo »
Headquarters: New Iberia Louisiana, United States
Industry: Manufacturing, Building Materials, Miscellaneous Building Materials - Flooring, Cabinets, etc.
Revenue: $13.4 Million
Employees: 110
Jobs: 2 - Search all Cuming Corporation jobs
Thinking about doing that myself. Going to watch and see what happens over the next couple of days of trading. Maybe nibble a little here and there if it stays at these levels and lower.
"We look for the company to use its improved liquidity and net
cash position to repurchase common shares at current levels."
"The company also announced
that it repurchased 2.8 million shares of its Series A 6% Conv Preferred
Stock and 960k associated warrants from a distressed shareholder for
approximately $800k in cash, representing a 72% discount to par value."
"We look for the company to use its improved liquidity and net
cash position to repurchase common shares at current levels."
"We look for further stock repurchases and a potential
reverse split to obtain NASDAQ listing as additional near term catalysts."