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Yep, nice buy. Good to see an up day for once.
blitz!
I'd say... we're down over 30%. Ouch. I've taken enough profits at this point that i'm holding onto what i've got.
blitz!
Back then, you couldn't pay people to buy this stock. It was never hyped and it is totally unsexy (fertilizer, really?).
All they had going for them was a real product with real profits. Lame!
Of course, i've made more money here then i've ever made elsewhere...
blitz!
Don't forget who started this board... Ha! GLTA
blitz!
The accounting change that requires recognizing the expense related to the change in the fair value of warrants is killing my stocks (i suffered the same hit this week on CHME).
However, i suppose this is a more transparent method of reporting. And, it should lessen the future impact since the warrants are being expensed as we go instead of in one fell swoop when exercised.
Still long and strong. The numbers are good and CAGC has gone thru rapid expansion of product lines, manufacturing, and distribution.
GLTA.
Blitz!
I may add here too! I like it at $4.20, so i like it even more at 3-half.
I'm not concerned about the numbers. CHME has gone thru rapid expansion and revenues are up. Cash looks good, but the earning are way down because of the accounting loss associated with the warrants.
The only question mark /red flag i have is with OEP's warrants and terms of the deal. I will have to do some serious DD, but basically there are provisions that reward OEP tremendously if CHME doesn't achieve certain revenue /earning goals. Or something like that.
In turn, the shares could be vastly diluted. I don't recall all the details, so take all this with a grain of salt. If anyone else can shed more light on this i would appreciate it. Regardless, i'll have to devote a good 10 hours to comb thru all the docs and uncover the truth.
But, barring the possible dilution, i think the numbers look fine.
Blitz!
The 4th quarter loss includes a $.19/share non-cash expense related to the change in the fair value of warrants, per new GAAP guidelines that went into effect Janurary 2009.
Overall, i think these numbers look good and i'm surprised by the selloff. I think this creates a buying opportunity. JMHO.
blitz!
The graph is WRONG!
thanks for posting, and it's interesting... but did you see the graph?!? They have the chart all wrong so that when CAGC split it dropped in value 50%. Pretty juvenile error for CNBC to make. Makes you wonder if Cramer would have recommended it if he saw it at it's 52-week high and not as a dog...
blitz!
Perfectly said. Congrats on the profits Esaum! Remember,
Bulls make money and Bears make money... but hogs get slaughtered.
Blitz!
p.s. i'm still long AYSI.
That sucks, but thanks for posting it. Def some good points raised about the ratios and valuation. I'm still holding my remaining shares LONG.
Where did you find this?
blitz!
Lack of financials. Once they come out, this baby will either pop or plummet. In the mean time, it will probably just drift lower.
Blitz!
still in here. I actually significantly increased my holding on friday (along with GFRE). This is my next big play that will hit it big i figure.
Blitz!
I loaded up on another 2000 shares on friday. with a PE of 10ish, real revenues with a real product in a growing economy, with REAL net profits... i don't see how this can be a loser in the next few years...
Blitz!
This stock is crazy. I previously dumped about a quarter of my holdings at $18 (actually $36 pre split) and another quarter at $26. I've got so much profit and free trading shares that i figure i'll just sit on the remaining half forever.
Blitz!
rato - nice to have a thinking investor on board. IMO, you have to go with #2 for your "fully diluted" calculation. It is the only one that really makes sense.
blitz!
What a wild ride.
i've been deployed and have not been keeping up on my investments. I'm happy to say that today i easily sold 1000 of my 5000 shares of CAGC. When i started this board three years ago, there were HUGE spreads and it might take days to get a decent fill on $3,000. Not so much anymore... $36k in my pocket in a matter of seconds!
I am still long and strong. Somehow, i think this low float gem is STILL undiscovered. It is so flipping difficult to find an unknown stock that sells a REAL product that actually MAKES money and has GROWTH potential.
Anyway, good luck to all. Good times ahead.
blitz!
Anybody still in CAGC? What does the future look like here?
Hipster - wow, i've been away for a while. yes, i'm still in CHME. It's been a nice little ride so far.
Blitz
gnulnx -
fancy seeing you here. Where EVER did you find this stock?
blitz
regarding share numbers, i think we all should expect something higher, possibly in the 1.3 - 1.5 billion range. PBLS has been on an acquisition spree for the better part of 2 or 3 years. Typically, purchases will be made with a combination of common stock, preferred stock, and cash.
If we see only ~800million shares outstanding, then i'd expect to see upto 10 million shares of preferred.
So, i believe for some people, their expectation will not be met. For others (like myself) i'm expecting more dilution, but more potential profit bases. I like that we're a conglomerate here. I think the "play" might be over, but the investing has just begun.
blitz
i'm in 30,000 times. I can't belive this baby has more liquid assets than market cap. AND they make money? silly.
blitz
i bought more yesterday and today. I picked up another 3000 for myself and another 2000 for a family account i manage. CAGC has got to be my favorite stock right now. I've mentioned it on some other boards i'm active in, but nobody else seems to be interested.
SOMEONE is interested as of late however. This baby is so simple and profitable.
Good times ahead!
blitz
p.s. i suck as a board moderator. Worst info box ever!
> Use 800 mil shares give or take several hundred million
only with a pinkie is that statement:
a)completely serious
b)completely accurate
c)not at all funny, yet absolutely hysterical
blitz
i'm seeing all retail buys, with only the occasional retail sell. That bodes well. It makes me frustrated that the MMs refuse to just let her go.
It's been beaten to death, and i don't really like talking about it anymore since only the SEC or an attorney general can do anything about it... but yes, i believe the MMs have naked shorted PBLS to the tune of hundreds of millions of shares. The printing press is unlimited.
blitz
Darn profit takers....
Guilty! I own just over 2 million shares at this point... i held the last time we ran to over .02 and never sold a share. I held all the way down to the recent lows of around .012. So this time, i promised myself i'd sell if we got close to .02 again.
I'm happy, yet sad, to say that I unloaded close to 10% of my holdings, 250,000 shares, at .019.
But, "f that", i'm done selling now. If we hit .03 before the 15th, i'll probably sell a few more. After the 15th, if the numbers look good... well then i'll be slowly unloading in 5-cent intervals!
blitz
Yeah, the numbers look pretty darn good. I actually added a lot to my position today. CAGC will probably face increased competition from outside China, as per new rules put in place by the PRC. However, CAGC has a great head start, selling fertilizer in china is a wierd business (door to door sales reps to small individual farmers on credit), and if anything this probably makes CAGC a good buy-out candidate for one of the big American companies.
I keep looking for any red flags, and just can't find any here. The business and business model (think coca-cola) are just so easy to understand. The only downside i see is that the stock hardly ever trades. The liquidity just isn't there except on news days. Although, i have been able to trade $10,000 blocks easy... just sometimes the spread is pretty wide.
blitz
OT - Thanks all for the stock recomendations! I've got to head off to work now, but i'll research all the recomendations during the next trading session. Hopefully i'll agree that there are a few gems in there and i'll put my money where my DD is....
If i don't like them, it's back to my usual strategy. I got a copy of every stock listed OTCBB from their website and plugged them into excel. Then i wrote a macro that automatically plugs the next stock ticker into yahoo finance. Then i lay on my couch, and using only the mouse, i click my way through the list DDing the financials, headlines, profiles, SEC statements, message boards, etc... It's time consuming, but it can uncover some real gems!
i'm about 25% through the list now. I guess when i get to the end, i'll start over.
blitz
Rigatoni - i'm looking for some new penny stock picks, and zeptepi told me to stop by and see what you're buying... Here i am. I think i'll look around a little.
thanks.
blitz
i've noticed that when the market is down, my penny stocks tend to be up... Could this be a flight to quality?
seriously though, i've got about $25k freed up and i'm looking for some penny stock suggestions to research. I prefer mostly OTCBB because i can analize the financials, but obviously i won't shy away from pinkies (PBLS is afterall my largest holding, ever). Here are my current holdings for your entertainment:
PBLS: you know what they do.
NMKT: Technology incubator, many subs. long term hold.
AAGH: owns rights to Who Wants to Be a Millionaire in China. Had a great run, i didn't sell any, and now i'm losing tons of money. I'm holding for the turn around once the show starts airing.
CAGC: liquid organic fertalizer in china. I LOVE this company, but it never trades or goes anywhere. I believe eventually the profitablity will force the share price up big time.
CHME: thousands of medicinal products in china. Profitable with a bright future.
GRGR: i only own a few thousand dollars here. they sell, um, reconstituted wood to power plants in europe. Crappy company, but because it's SOOOO green (i.e. environmental play) it may go up because of tree huggers.
that's all i own now. I had ABAT, but i finally sold out last week afte a sweet 250% gain. Still love the company and may buy back in, but i just HAD to ring the register on that one.
please tell me what you're in.. i'm having a hell of a time finding a place to put my money!
blitz
excellent DD war_eagle!
It's taking longer than i initially expected, but i still believe we've got a big winner on our hands!
blitz
wow.
that was one of the most unbelieveable posts i've ever read.
1) you meant to say a 13:1 forward split. (not 1:13)
2) that would result in a supposed 10 BILLION O/S. (not million)
3) This would effect short positions not at all.
4) conversions are always tied to relative prices. In your scenario, the conversion would automatically change to 1 preferred to 2171 common.
5) None of this would have any effect what so ever on anything.
wow.
blitz
I don't my any means think the land is contaminated or worthless. I believe they probably paid a pretty penny in preferred shares and cash for it.
I was merely making the point that a $1 billion dollar "asset" could *actually* be worth a negative amount of money.
And like the next poster said, i have considered that they might be buying this just in case the Murphy pit gets taken away. From what i know, PBLS has a strong case and they're not likely to lose the lawsuit; hell they might win a large payout on the business imparment counter claim. In which case, they're simply building their S&G business.
blitz
I would caution everyone to think carefully about the "value" of the existing pit and the new pit.
First, those that know me know i'm VERY long and strong. PBLS is my largest holding ever.
But, be aware that the pits make the balance sheet grossly inflated. Theoretically, a $1 BILLION dollar pit (asset & revenue wise) might only be worth $10 profit. Hell, it's possible the old pit owners PAID pbls to take the pit from them... Imagine if it was contaminated land with $1 billion worth of S&G one mile deep. The balance sheet would reflect $1 billion... If they sold the S&G the resulting revenues would be $1 billion... but maybe it costs $1.5 billion to dig it out, for a $500 million loss.
Think about it.
HOWEVER, i am very excited about the current pit and the new acquisition. PBLS is so vertically integrated, they'll be making money selling the S&G, shipping the S&G, and then pushing around the S&G wherever they dump it. Imagine it's for a new house that needs some land fill. Then, they build the house, outfit the house, put in a pool, and then sell the house.
All in all, you're looking at like 10 middle-men from start to finish... AND ALL THE MIDDLE-MEN ARE OWNED BY PBLS!!!
We've got one hell of a company here with amazing prospects and future. Just be aware that the balance sheet will be vastly inflated.
blitz
this is awesome news!
i haven't posted lately, but i've been a loyal lurker. This is a public step in the right direction. Actually, the ONLY direction that matters for PBLS these days... Public disclosure.
The financials might not be audited, but this is a BIG towards getting there. i can't wait to see O/S and preferred numbers. The income statement will be nice too. The balance sheet will probably be grossly inflated (100s of millions for the S&G site as a raw asset... but what is the profitability?).
Regardless, we should know if we were right all along and it's time to get rich, or we were all taken for fools and it's time to run away with what little money you have left.
blitz
wow, someone else is in this baby!
We've had some nice moves, i hope we can hold them. I really like this stock... it's just too simple. They make, um, liquid organic fertilizer using the coca-cola model. In china. How money is that? Good times ahead, but it may be a while.
I think we'll move to the AMEX before anybody ever even notices this baby.
blitz
OT: Thanks for brokerage help all
To all who responded, thanks for your advice regarding brokerages. I decided to go with a mainstream brokerage, and thus chose Ameritrade. Etrade pissed me off years ago, and the response for ameritrade sounded good.
I'm going to keep my scottrade account for my longer term holdings (PBLS, NMKT, CAGC, ABAT, CHME) and use ameritrade for new investments and short term plays. If i like ameritrade, i'll most likely transfer all my money over later.
The crazy thing, is that since i'm deploying to IRAQ, USAA lowered my credit card rate to 4% fixed! I get fee free cash advances in $2,500 increments... So i've spent the last week charging up $2,500 per day until i max it out at $20,000. Thus, i get to borrow $20,000 for 1 year while i'm deployed for only $800 in interest. Their money market pays 5.25%, so i've got an easy 1.25% arbitrage, while building credit, if i took the safe route. But, no, i'm putting it all in penny stocks. And this from a guy with a major in finance and a minor in economics.
anybody looking for a financial planner? My services are available.
blitz
This is good news. They just got new accountants 2 months ago. The new guys obviously went over the old filing and didn't like the way some cash flows were reported, so they redid them and amended the previous filings. This is all old news... and not the reason i invested in AAGH. I'm here for WWTBAM and that is still comming up. Soon, they'll file the 10K for 2006 and that phase of the company will be behind us.
Expect some serious dilution, which we already know about. And then, expect good news about WWTBAM and advertising contracts and whatnot. The fun is just begining. The filings today were just cleaning up the old books so we can look good and clean going forward.
blitz
when a company is delinquent in it's SEC filings, it will get an "e" appended to it's ticker.... like, AAGHE. It's kind of an early warning system and puts the company and investors on notice that it is late in filing. While it looks bad, it's not the end of the world. Many companies (including blue chips) have lots of reasons why they don't file on time... some legitimate, some illegitimate.
If you're late in filing, you don't get immediately kicked off the exchange. The first step is to get an extension, like AAGH did. Then, if you're still late, you get an "e" attached to your ticker. Then you still have some time to file, go back to current status, and the "e" gets dropped. I don't know how long they have now, but it's a while until they'd actually get kicked off the OTCBB.
blitz
OT - Brokerage recomendations
I'm opening up a new account and i'd like to hear opinions from fellow Pleebers. I currently have a Scottrade account and absolutely love their Elite trading platform and the fact that I actually know my broker and he answers the phone and knows me. Plus, i'm pretty sure i get good transactions. However, the 1% turnaround fee on pennystocks has already cost me over $1,000 this year. F that!
Any opinions on etrade or ameritrade? Looks like ameritrade only charges $10 flat regardless of price. How are the executions?
thanks in advance.
blitz
we had some good DD from several posters today. If you're one of the ones that contributed new information, then i thank you. Well done.
blitz