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Good news, but still all promises. This company needs to put out something that has a concrete timeline as to when revenues will start coming in.
Murocman
If he sends an email out before the market close, you can count on news after hours or before the market open. It seems to be his way of telegraphing that something os about to happen.
GLTA,
Murocman
Might have been MM's trading shares?
No after hours trades allowed on pinkies.
How do you know the 'miletsone' wasn't the financing deal that was PR'ed today? The previous PR said that they would release news by 30 Sep, not on 30 Sep. This may have been it?
Murocman
U.S. House approves India Nuclear Power Deal
http://www.cnn.com/2008/POLITICS/09/28/us.india/index.html?section=cnn_latest
Maybe a catalyst for higher prices?
GLTA,
Murocman
It will be interesting to see who they met with? There are some 45-odd auto and 34 distinct truck manufacturers located in China. I'm thinking we'll probably get some kind of update this week.
GLTA,
Murocman
Today's action was a good sign. The longer this continues without news, the better IMO. It is the makret's way of saying that good things are about to happen and this stock is the place to be. I expect we'll hear something by the end of the week, unless this was an extended business trip.
GLTA,
Murocman
CEO Trip Update This Week?
We should get an update on the CEO's trip to China this week. While I'm not expecting any miraculous buyout offers or multi-million dollar, volume unit orders, I would not at all be surprised to see some type of licensing deal or order to put one, or even a few, of these engines in a real vehicle and test it out. If they do nothing more than come up with a production manufacturing partner, the would be huge IMO.
We shall see...GLTA,
Murocman
I hope so...I took a position today in anticipation of news rearding the trip next week!
GLTA,
Murocman
Does anybody happen to know what the magnitude of the dilution is that's happening here? I'm preparing to go through the SEC document (Q's & K's) but was wondering if anyone had already done the DD to see ho many shares are being diluted here?
TIA,
Murocman
Excellent conference call today. I'd urge everyone to take a listen. RocketStream could be a huge game changer for this company. When you throw in the aviation broadband potential, this company could prove to be a VERY lucrative investment. You can access the call at Voyant's website:
www.voyant.net
GLTA,
Murocman
So any idea when the (Solomon) article was actually published?
Tks,
Murocman
Nice...it looks like it's from 2006 based on the copyright info at the bottom of the page. They've obviously found some adoption in the marine world with the Singapore Water Taxi fleet. I wonder if they are getting any traction in the sailing world?
Murocman
yeah...I'm sure they've got a whole cadre of folks shorting a $0.02 stock....get real.
Here you go:
http://www.otcpicks.com/trading-tips.htm
And here is the applicable text:
The stocks which trade on the OTC Bulletin Board are generally not marginable. This has two advantages to the individual investor- you cannot over leverage your account, and individual investors cannot short the stocks, which helps alleviate selling pressure.
Murocman
Isn't the next payment due on Monday?
Murocman
I think you're right based on the follwing from Robb Bragg's email:
Once again, as I did on September 3rd, I believe after today Welwind has a very strong possibility of higher prices.
I think he's telegraphing that there will be news on Monday. Sep4th was when the JV PPA was announced.
We shall see.
GLTA,
Murocman
Go RE-READ my post. I said the settlement would depend on share price IF it was out of court. Toyota is not going to pay SOLM $100-200M out of the kindness of their hearts! And no, I'm not an employee, and last time I checked you can't short BB stocks.
I'm a recent long that was hoping for some pop on this lawsuit. However, it looks like it will drag on for some time, and it's probably in SOLM's best interest to take it to trial assuming they can bear the legal costs of doing so.
GLTU,
Murocman
It depends on how this gets resolved. If this were to go to trial, I agree with you. The court will not determine their award based on market cap/share price. However, when it comes to a settlement, that would definitely be part of the equation as far as Toyota is concerned. I could see them paying Solomon 10-20 times current market cap in a settlement, but not 100-200 times without being compelled by a court.
It all depends on how eager Solomon is to resolve this issue. A settlement might give them some quick cash, but would discount the value of their technology. A court settlement would more likely give them more money, but will take a lot longer and there is always the risk they lose.
Murocman
Thanks! I wasn't aware. I have a neighbor who is an adjustor, but she is salaried and employed by the insurance company she works for.
I just don't see anyone paying 132 times the current share price in either a settlement or a buyout. The problem is that the company is not in a strong position when negotiating a settlement due to the current share price. On the plus side, it appears they have a good and growing business independent of a settlement so that helps some.
While I would absolutely love to see the types of numbers you're talking about, I just don't see that in the cards anytime in the near future. I hope I'm wrong.
GLTA,
Murocman
How is that an insurance adjuster would be happy about having to pay claims from a disaster? This is not how insurance companies make money! Quite the opposite, their profit is never having to pay a claim!
This hasn't gotten higher than $0.059 all year. There will be a whole lot of resistance at that level. Thinking of taking my profits at $0.05...Bulls make money...Bears make money...Pigs get slaughtered.
GLTA,
Murocman
Do you have a link? I don't see this as a bad thing, although it would have been nice to have some sort of upward catalyst for the stock price.
What do you think of the possibility of Toyota buying Solomon as a settlement? It seems like there are enough positives with the company that this would be an attractive option. A $0.10-0.12 share price would be chump change for Toyota and offer a nice premium from current prices!
Murocman
Anybody think we'll see $0.05 tomorrow?
Murocman
Anybody know what company this is?:
Their 2008 Q2 revenue was more than three times that of 2007's Q2 revenue.
In the last couple of months, the company has signed contracts worth more than Q2's (2008) total revenue.
Those recent contracts are only about 5% of the orders they already have, and are waiting to fill.
The kind of business they're in is close to being mandated by the government.
Their product saves companies money, and helps save the environment too.
It requires four times as much energy to generate one unit of GNP (gross national product) in China than it does in the U.S.
The electricity distribution system in China is struggling to meet the demand. Temporary electric power shortages are becoming common, which is a particular problem for a country still growing its industrial machine.
China meets 2/3 of its energy needs by burning coal, which is one of the dirtiest fossil fuels. Acid rain caused by SO2 pollution has affected 1/3 of China's farmland. Some soil can't be farmed any longer.
China's government has vowed to shut down inefficient factories in high-pollution industries, which are primarily electricity, coal, and steel.
Clearly those are problems that can't be left alone. Wouldn't be interesting if a company could tackle those problems head on with a real solution? Hmmmm.
The SmallCapNetwork is highlighting/profiling/pumping the above company and will release a profile on Friday after the market close. It has piqued my interest. I've been 'Googling' but haven'thad any luck. Any thoughts appreciated. SmallCapNetwork can be found at the following link:
www.smallcapnetwork.com
GLTA,
Murocman
Interesting, although it seems like this PR is just a repeat of the last PRNewswire story.
Like I said before, seems like lots of good things going on here business-wise. No if can just get the stock to follow suit!?
GLTA,
Murocman
Read today that India Nuclear Deal approved.
Not sure if this will be any kind of catalyst for the stock. The article I read (AP story, I think) talked eclusively about conventional nuclear power.
That said, doesn't India have a lot of Thorium and I think I read previously that they were very interested in Thorium technology.
Thoughts anyone?
Murocman
I believe this is the DoD program Solomon is supporting:
U.S. Army Successfully Launches Non Line-of-Sight-Launch System Precision Attack Missile
Jul 17 10:11 AM US/Eastern
Write a Comment
WARREN, Mich., July 17 /PRNewswire-USNewswire/ -- The U.S Army announced that it has recently completed two successful tests of Non Line-of-Sight-Launch System's (NLOS-LS) Precision Attack Missile at White Sands Missile Range, New Mexico. As part of the Army's effort to provide Future Combat System (FCS) technologies to its Infantry Brigade Combat Teams, the NLOS-LS will provide Infantry Soldiers with a rapidly deployable and network linked long range precision fires delivery system. Currently, Infantry and Special Operations Forces do not have precision fires capability without augmentation from artillery or air support.
The NLOS-LS, consists of a containerized launch unit with self-contained tactical fire control electronics and software for remote and unmanned operations. Each launch unit houses 15 Precision Attack Missiles. The NLOS-LS's Precision Attack Missile is a vertical launched munition capable of engaging moving targets using automatic target acquisition. The missile receives target information prior to launch, and can receive and respond to target location updates during flight. The missiles are capable of transmitting near-real-time information in the form of target imagery prior to impact.
The NLOS-LS has been under evaluation by Soldiers of the Army's Evaluation Task Force since early 2008. Located at Ft. Bliss, TX, the Army Evaluation Task Force tests and evaluates FCS equipment. Today, these Soldiers are helping to develop/validate doctrine, organization and training for the NLOS-LS's use by Infantry Soldiers.
In early July, the successful launches proved the NLOS-LS's Precision Attack Missile's stability in cruise and guidance modes and its ability to operate as a node on the network using its onboard radio. According to LTC Fred Hughes, Army NLOS-LS Assistant Product Manager, "The test marked the first time an Army missile with an on-board radio transmitted both missile status while in flight and a preloaded, simulated target image just prior to impact."
Additionally, the missile proved that it can, just prior to impact, transmit a target image through the Single Channel Radio Set radio. This gives the Commander the ability to visually ensure that the correct target was attacked. Initial reviews of the video and telemetry data show that all test primary and secondary system objectives were met. The missile flew an estimated 23 kilometers and performed several critical g-maneuvers up to 6g's.
Successful completion of this launch moves NLOS-LS closer to complete system testing which is scheduled to take place in 3rd Quarter FY09.
NLOS-LS will play an integral role in the FCS Spin Out 1 Limited User Test (LUT) planned for next summer. The LUT will support a production decision allowing NLOS-LS and the other FCS systems to field to an Infantry Brigade Combat Team in 2011. Additionally, the NLOS-LS will be used by the U.S. Navy on its Littoral Combat Ship to provide a modular, persistent, responsive, networked, rapidly deployable and flexible precision strike capability against naval targets.
The U.S. Army Future Combat Systems Program is the cornerstone to Army modernization efforts.
Price Projections?
This peaked at $.059 as Gustav made landfall. Does anybody see it getting beyond that this time around?
I'm in at $0.03...thinking of selling half if it hits 0.05 prior to landfall, and then maybe looking to exit the other half in the $0.06-.08 range as the storm comes ashore.
Thoughts anyone?
GLTA,
Murocman
Yes...if only it were at that price! I's probably be taking some nice profits off the table. Hopefully someday soon it will be a reality.
Murocman
Last post with typos fixed:
We should see a response from Toyota within the next week based on the ruling re-opening the patent infringement case (15 days to respond from 27 Aug).
There seems to be a lot of good things happening with this company. I can't believe it's only at $0.016 per share. This is a great time to accumulate IMO. It wouldn't surprise me to see this stock in the $0.10-20 range in the next six months if business continues to grow (and that's not including any possible spikes based on success against Toyota).
GLTA,
Murocman
This stock reminds me a lot of FRPT (Force Protection Inc.) before it went on its monster run from the $1-2 range to over $30 (and moved from the OTCBB to NASDAQ in the process).
They are one or two good contracts away from busting into the mainstream of the wind power generation business, and their cable business could prove to be the "ace-in-the-hole" given all of the infrastructure that needs building/upgrading in the next several years.
The fact a "big money house" like Credit Suisse sees the potential and has taken a major stake in the company makes me pretty comfortabke that those "good/large" contracts will come in due course. Therefore, I will continue to accumulate shares.
All IMO,
Murocman
We should see a response from Toyota within the next week based on the ruling re-opening the patent infringement case (15 days to respond from 27 Aug).
There seems to be a lot of good things happening with this company. I can't believe it's only at $0.16 per share. This is a great time to accumulate IMO. It wouldn't surprise me to see this stock in the $0.10-20 range in the next sixth months if business continues to grow (and that's not including any possible spikes based on success against Toyota).
GLTA,
Murocman
Price Prognostication:
Gustav hits West of New Orleans Mon AM as strong Cat 3/weak Cat 4
Tues: WEGI gaps to open at $0.09-10. Closes at $0.12-$0.15 unless they issue a Positive PR, which case you could see as high as $0.20.
Wed: Depends on damage & PR's: Could dip to $012.-0.15, or keep moving up to $0.30 range.
Thurs: Same as above. Could see $0.10-0.15 on the low side and $0.25-0.40 on the high side.
Fri: Stock will be PR & News driven. I'm thinking $0.60 on the high side and $0.08-0.10 on the low side.
All estimates based on gut feel at this point. I'll be watching one closely and have my finger pretty close to the trigger.
GLTA,
Murocman
I think that will be easiliy doable. If they come out with a strong forecast (which they already essentially have), I think we could see $0.10 by the end of the week if the earnings PR generates more interest in owning the stock.
GLTA,
Murocman
Looking for price target range and exit strategy from you experienced hurrican traders. In looking at the chart action from Katrina (posted previously on this board), I noted that the stock did not really beging to move until Katrina moved in the GOM, and the run did not peak until five days after Katrina hit New Orleans. I haven't gone back to correlate any comany news releases to this timeline, but am wondering when the momentum will ebb this time around, given that we've started the run much earlier. At this point, I have a preliminary price target of $0.50, but would like to hear others (rational) thoughts on where this will go.
GLTA,
Murocman
While that is a GREAT sign, I'm not very optimistic that the hearing next week is going to result in positive news for Solomon. I went back and looked at several artciles and blogs related to the Toyota lawsuit and it looks like everything has gone solidly Toyota's way at both the ITC and the CAFC. If anybody has a different take, I'd love to hear it.
Murocman
Excerpt of Last Year's 10Q for Reference:
Net sales
Net sales for the three months ending June 30, 2007 totaled $2,317,261 compared to $829,281 for the three months ended June 30, 2006. This increase of approximately 180% was attributable to the companies increased production capacity and production output as well an increasing customer base driven by increase in brand awareness. The reason for the decrease in sales in Q2 compared to Q1 is because there is seasonality in the rice production industry. One reason is that new shipments of rice reach the shelves in October after harvest and processing and the increase in quantity increase sales. Secondly, sales are usually up in Q1 and Q4 because supermarkets will store rice for the coming New Year and it is also a Chinese custom to stock up rice before the New Year. During Q2 and Q3, most consumers are still using stored rice and therefore sales are down. Production is also considerably lower because it is the planting season and rice processing equipments are undergoing maintenance at this time.
Gross Profit Margin
Gross profit margin for the three months ending June 30, 2007 was 33.52% compared to 39.39% for the three months ending June 30, 2006. This is due to the expansion of our company and our distribution costs which leads to increase in cost of sales.
Operating Expense
General and administrative expense for the three months ending June 30, 2007 totaled $98,928 or approximately 4.3% of net sales, compared to $83,913 or approximately 10.1% for the three months ending June 30, 2006. The increase in expenses was due to acquiring a new cargo truck and rental of new office space.
Income from Operations
Income from operations for the three months ended June 30, 2007 was $677,762 or 29.25% of net Sales as compared to income from operations of $241,894 for the three months ending June 30, 2006 or 29.17% of net Sales.
Net Income
Net income was $679,165 or 29.30% of net Sales for the three months ending June 30, 2007, compared to $241,894 or 29.17% of net Sales for the three months ending June 30, 2006. This increase of $437,271, 181% from comparable period of previous year, is due to the expansion of our sales and distribution channels while keeping our operating expenses at a steady level.
This worked out to around $0.01 per share in earnings. Anything that came in at $0.02 or above for this latest quarter would be a big plus IMO.
GLTA,
Murocman