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you're welcome...enjoy the holiday and go spend some money on Friday to help the economy ;)
Electronic Game Card (EGMI) Update http://bit.ly/8lEJtl
had a good chat with kevin just now..spoke for an hour..will write an update
many of these legit china companies, when first listed, trade at pathetic PE's until they post some financials and do a roadshow or two. Then you have multiple expansion as new institutions buy in. The thing i like about CHOP is its a market leader and its a play on the ever growing Chinese consumer...
Mr. Lu added, "Our sales growth reflects our ability to successfully align our business toward markets that are driven by the growth of China's middle class, who are the ultimate end-users of most of our products. Unlike the crude steel industry, whose demand is largely driven by the capital investment cycle, the use of our products is much more related to consumer spending and overall GDP growth in China. This is because the largest component of our revenues comes from food and industrial packaging manufacturers, with the balance coming from manufacturers of construction materials, electrical appliances and telecommunications equipment."
yu are correct he is doing the same thing just under a "consulting" label..EGMI has changed their counsel from a bumfk UK firm to a top gaming counsel firm in the world.
I asked them last night...they were just being overly (almost painfully) cautious..my guess we don't end up paying the taxes...they will know for sure when at year end (filing of 10k) when they literally file their statement with US and UK.
well it certainly wasn't helping is the way i see it ;)
10Q is filed..only change is they made a provision for income taxes on Q3 which is fine...analysts using after tax numbers anyway...so sad to see those NOL's go bye bye weep weep..
http://www.sec.gov/Archives/edgar/data/1083036/000114420409061227/v167234_10q.htm
believe me...i have met a lot of people that invest 100's of millions in these types of companies and you would be amazed how stupid they are. I know a lot of the firms that were on the call and these guys are flippers..and anyone selling a company trading at 5x this years earnings with the earnings power going forward of CHOP IS AN IDIOT.
the investors in the q/a were idiots...there was no language barrier as i thought the call was very clear...the company gave a revenue/net income range for the year which was the same that they gave pre ipo and the company reaffirmed that they will hit it. And they are also idiots because the business isn't seasonal it can be "lumpy" (which is what the company should have said in refute). It just so happens that the 08 and 09 q4's were the weakest and investors think they saw a trend. Which it isn't ..probably just a freak occurrence most likely..not like a care that much anyway...there is no weakness..they said multiple times they are running at capacity which is why they are doubling capacity
yes that is correct..it was a really good call..when you get to the Q/A you will see what I meant in my article..just childish..
yeah you can.....A replay of the conference call will be available for 14 days starting from 10:00 am ET on Friday, November 20, 2009. To access the replay, dial (888) 286-8010. International callers should dial +1 (617) 801-6888. The passcode is 70547673.
CHOP: Ripley’s Believe it or Not http://bit.ly/1NNWMA
Golden Green Enterprises Limited Announces Third Quarter 2009 Results
Third Quarter 2009 Highlights
-- Revenue increased 6.0% to $59.3 million from $55.9 million in the third quarter of 2008
-- Gross profit increased 23.8% to $18.2 million from $14.7 million
-- Gross margin increased 440 basis points to 30.6% from 26.2%
-- Operating income increased 18.9% to $16.2 million from $13.6 million
-- Operating margin increased 300 basis points to 27.3% from 24.3%
-- Net income attributable to common stockholders increased 115.9% to $11.5 million, or $0.29 per diluted share, from $5.3 million, or $0.18 per diluted share
http://finance.yahoo.com/news/Golden-Green-Enterprises-prnews-1274288928.html?x=0&.v=71
Yeah lets hope so ;)
my bad.been a long day
I Bought a Position in CHOP Today http://bit.ly/4snaJe
picked up a nice sized position today around 5.30
good thoughts sam..remember we first have to close the POKEN deal so until then its probably not even worth bantering about, but those are some good questions for the shareholder meeting in Dec.
what are you even talking about
well i prefer a chase utley or ryan howard poken ;)
I bought a position today. Earned 60c for first 6 months of year and has $3/share in cash. Doubling capacity. What the hell.
TLR: Timberline Announces Positive Metallurgical Test Results From Its Butte Highlands Gold Project
http://finance.yahoo.com/news/Timberline-Announces-Positive-pz-3919864265.html?x=0&.v=1
excellent news
In case anyone finds that hard to read
http://bit.ly/XyUeD
I think the MDB report is pretty well written and to the point.
I call it how i see it. He added absolutely nothing.
most likely they would have team or company branded pokens. You could use it for many different things by directly marketing the company/team ie connecting information via poken to the consumer or sports fan.
wow your an idiot, can't you read an income statement/balance sheet or listen to a conference call? Probably not because your blind deaf and dumb.
Bidding for 50k 1.62
EGMI Looking to Expand the China Lottery: http://bit.ly/32ZYPA
Was pretty interesting writing this and digging around looking for information.
Yes I agree, it's all about guidance. I wish they would also somehow force/convert all 23 classes of preferreds (sarcasm) to clean up the cap table a bit. Investors also have to understand the "lumpiness" in the business model. No position here but i like the story.
Avantair Delivers Quarterly Operating Profitability and Record Gains in Both Flight Time Cards Sold and Flight Hours
http://finance.yahoo.com/news/Avantair-Inc-Reports-Fiscal-pz-1426202457.html?x=0&.v=1
yeah would have loved to have seen 8c+
no.....gold stocks acted very toppy..gold boomed and gold stocks stocks across the board were blah.
My ZAGGskin Installation Video http://bit.ly/4sikX5
Trading at 10x 2009 EPS Guidance of 22c. Probably trading down since they broke even through the first 6 months of 09′…If they can put a nice 8-10c Q3 on the books the stock will move. It’s a company with 2-3 year visibility so they should have some certainty on growth, as they have stated a 2011 revenue goal of $120m (up from $83m for FY 2009). Earnings out on Monday. No position.
They will uplist once they have a full quarter of commercial production under their belt...thats always been their plan
Yes I had the pleasure of speaking to the POKEN guys at the Merriman Conference. They were very excited about what Kevin D. was doing for them ie: introducing POKEN to some major brands/partners
POKEN: Winner of the Prestigious SwissICT Award 2009 http://bit.ly/18yZCn
I had a great talk with the CEO yesterday. The company has increased market share from 4.5% (6/30/08) to 11% (6/30/2009) in the program/fractional market. I still say that it would take $200m in cash and 5 years to duplicate what AAIR has done. With their quarterly due out Monday (Nov 16th) I expect to see continued improvement. If they aren’t at break even they will most likely be very close. http://bit.ly/42UyqD