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ALL CITC DISCUSSION HAS CONSOLIDATED ON INVESTOR VILLAGE
No other system comes close in terms of features, etc...
Go to:
http://www1.investorvillage.com/smbd.asp?mb=4413&clear=1&pt=m
Huh, I guess that didn't go according to plan...
Nearly 50% off recent highs. Guess the pump fizzled. So what else is new?
Once again near historic lows
Look for more dilution soon to pay off old debt (according to recent filings), and pps around .25
Baggies should be running for the doors as Murphy fires up the share mill.
Things looking pretty bleak here
.43 pps
no sales
mgmt re-writing deals
debt due soon
ongoing dilution
MITCHY!!!!!! Welcome !!!!
I hear this is gonna be a $20 stock real soon. I hope you loaded the boat!!!! Alot of 'VERY SMART PEOPLE' are about to invest big in MLKNA. I think they're Mexican Billionaires!!!! At least, that's what I hear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Bluematrix is correct
the fundamentals are pathetic.
Price/Sales (ttm): 117.34
Operating Margin (ttm): -561.86%
Return on Assets (ttm): -130.89%
Book Value Per Share (mrq): -0.021
Operating Cash Flow (ttm): -1.23M
This company has been pumped and dumped many times over in the past couple years, and they're obviously setting up another one. Looks like the bagholders are just about in place. Not just on this board, but on many other boards as well. And the company has their minions working them pretty good this time.
I love these people who think Buy, Hold and Pray is a strategy. Then, when they lose their money, they scream "Look at what Bush's economy did to us"
Pathetic souls, the whole lot. Even the Socialists in California want a bailout now.
http://stockcharts.com/h-sc/ui?s=MLKNA&p=D&yr=3&mn=0&dy=0&id=p91386089245
PWSV Announces Record FY'07 Financial Results
March 26, 2008 - 9:30 AM EDT
Company Reports Profit on 255% Revenue Growth and Significant Margin Expansion
SAN LUIS OBISPO, Calif., March 26 /PRNewswire-FirstCall/ --
Power-Save Energy Company (OTC Bulletin Board: PWSV), an emerging leading retailer of renewable energy and energy savings products, today announced its fiscal 2007 year end financial results for the period ending December 31, 2007.
Revenue for the year ended December 31, 2007 was $2,309,908 compared to $650,692 for the year ended December 31, 2006. This is an increase of $1,265,216 or 255%. The increase was a result of increased sales of the Company's PS1200 energy-savings product for homeowners and the introduction of two new products, the PS 3200 and PS 3400 for light commercial and industrial use. The company reported net income of $334,738 or $.012 a share compared to a loss in the prior year.
The cost of sales for the year ended December 31, 2007 was $439,875 compared to $279,984 for the year ended December 31, 2006, an increase of $159,891 or 57.1%. The gross margin for the year ended December 31, 2007 was $1,870,033 or 81% compared to a gross margin of $370,708 or 57% for the year ended December 31, 2006. In 2006, the Company purchased approximately $95,000 of inventory in an asset purchase agreement that was sold at a lower gross margin than products currently being sold which reduced the 2006 gross profit margins. The total gross margin increased by $1,499,325 in 2007, an increase of 404%.
Michael Forster, Power-Save Energy Company President and CEO stated, 'We're pleased to announce our positive fiscal year end 2007 results. Despite reporting sizeable gains in year over year revenues and profits last year, our plan was to simply lay the groundwork for future growth, something we've now successfully accomplished. With a solid foundation and the recent launch of our new Renewable Energy product line, including the Power-Save Solar and Power-Save Wind Turbine, designed and engineered to specifically meet the needs of consumers looking to maximize their homes energy usage while mitigating the expense of costly rising energy prices, we believe we are poised for a very positive 2008. We look forward to continuing to work diligently towards executing our business plan and building long term sustainable shareholder value.'
About Power-Save Energy Co.
Power-Save Energy Company (http://www.power-save.com) is marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone. Power-Save Intends to 'Make Renewable Do-able!'
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Power-Save Energy Company
Source: PR Newswire (March 26, 2008 - 9:30 AM EDT)
Direct link to 30 page report on ENLU
Provides current info, and a great explanation of product and more
http://www.taglichbrothers.com/equityuniverse/companies/enerlume/enerlume-02292008.pdf
Moderator - you may consider updating the information
ENLU in the news again. Good going Murphy!!!
EnerLume Energy Management Corp. Announces Sale
of Energy Saving Device to Ben S. Loeb Inc.
Wednesday February 6, 8:32 am ET
UR Energy Installs EnerLume | EM(R) at New Jersey-Based Printing Company
HAMDEN, Conn.--(BUSINESS WIRE)--EnerLume Energy Management Corp., (OTCBB:ENLU.OB, www.enerlume.com), through UR Energy, a channel partner distributor, has recently completed the sale and installation of the EnerLume | EM® at a New Jersey printing company, Ben S. Loeb Inc.
“We are extremely pleased with the EnerLume product and what the EnerLume promises and delivers,” commented Mark Puglisi of Ben S. Loeb Inc. “The EnerLume’s environmentally friendly nature combined with the energy savings it offers presents a tremendous benefit to our company.”
The EnerLume | EM® is an energy saving device for use with new or existing fluorescent lighting systems. The product can reduce electrical consumption with negligible lumen loss for a savings of up to 15%. Numerous EnerLume | EM® units are being tested at various sites all over the country.
About EnerLume Energy Management Corp.
EnerLume Energy Management Corp., through its subsidiaries, provides energy management conservation products and services in the United States. Its focus is energy conservation, which includes a proprietary digital microprocessor for reducing energy consumption on lighting systems, and the installation and design of electrical and energy management systems.
ENLU in the news today, lets see more of this.
February 5, 2008 - 4:36 AM EST (Business Wire)
Go Green, Not Dim
Incredibly, lighting accounts for between 40% and 80% of a typical commercial building’s electric bill. New initiatives taken by major California utilities companies, along with recently proposed congressional legislation, have been lighting the way toward more environmentally sound energy conservation. The California program subsidizes the replacement of conventional incandescent bulbs with energy-efficient compact fluorescent lamps (CFLs) that use approximately one-quarter as much electricity as incandescents and last several times longer.
“This is a great first step,” says David Murphy, Chief Executive Officer of EnerLume Energy Management Corp. “But it represents just a single positive step toward a greener, more environmentally friendly future. The question becomes how might businesses and other facilities become more energy efficient even after new, fluorescent lights are in place?”
In American business, a number of facilities such as parking garages, distribution centers, warehouses, retail superstores, even schools, require illumination eighteen hours a day or more, seven days a week. Fortunately, a new wave of energy saving devices can be used with new or existing fluorescent lighting systems that, in addition to turning lights off when not needed, allow different energy savings levels when the lights are on.
Small, self-contained, easily installed devices, such as the EnerLume | EM®, can provide timing direction to the ballast to determine when to draw power. These regulatory devices ensure the ballast draws power only when it is most efficient to do so, increasing the lighting system’s efficiency and providing more foot-candles of light per watt consumed.
By conditioning the incoming power wave, the EnerLume can reduce electrical consumption with negligible lumen loss at savings up to 15%. Suitable for use in buildings such as manufacturing facilities, parking garages, distribution centers, warehouses, retail space, and school systems, these devices are easily installed, and a single device has the ability to save energy on up to 2,300 lighting fixtures. Running Windows-based software, the device is easily programmed to power lighting systems on and off, meaning facilities will no longer have to rely on the “last person out hit the light switch” approach.
“Consumers, big business, and the U.S. government are all beginning to appreciate that what’s good for the environment is also good for their bottom line,” says Murphy. “And all that makes for a brighter future.” For more information visit http://www.enerlume.com.
Source: Business Wire (February 5, 2008 - 4:36 AM EST)
Court Grants Final Approval for Class Action Settlement of EnerLume's Consolidated Federal Securities Lawsuit
EnerLume Energy Management Corp., (OTCBB:ENLU.OB, www.enerlume.com) formerly known as Host America Corporation, announces that on January 28, 2007 the Honorable Vanessa L. Bryant, United States District Court Judge for the District of Connecticut, granted final approval of the settlement of the consolidated federal securities class action that arose out of allegations stemming from a press release issued by the Company on July 12, 2005.
As previously described in the Company’s current report on Form 8-K filed on October 19, 2007, under the class action settlement, all claims against the Company and its past and present officers and directors named as defendants have been dismissed with prejudice, in exchange for payment to the Class of $2,450,000, $1,700,000 of which has been paid by insurance. In addition to the insurance proceeds, the Company has contributed $200,000 and has entered into an unsecured term note for the balance at a rate of 7.5% per annum which shall be due and payable in full on April 18, 2008. Separately, the Court took under advisement the settlement of the related stockholders derivative action, pursuant to which Host’s (now EnerLume’s) Board of Directors has agreed to implement certain specified therapeutic corporate governance policies and procedures and to provide for payment of $140,000 for the shareholder plaintiffs’ attorney fees and costs, which is funded by the Company’s insurance proceeds.
“We are very pleased that the distraction from the class action suit from 2005 has come to an end,” said David J. Murphy, President and CEO of EnerLume Energy Management Corp. “The Company will now be able to devote more time and resources to implementing its business plan.”
The Company has not settled two other cases pending in state court concerning the July 2005 press release. The Company and the other EnerLume defendants have steadfastly maintained that the claims raised in the litigation are without merit, and have vigorously contested those claims. As part of the settlement, the settling defendants continue to deny any liability or wrongdoing.
About EnerLume Energy Management Corp.
EnerLume Energy Management Corp., through its subsidiaries, provides energy management conservation products and services in the United States. Its focus is energy conservation, which includes a proprietary digital microprocessor for reducing energy consumption on lighting systems, and the installation and design of electrical and energy management systems.
Class Action finally settled 8K posted here
Case has not hit PACER yet, but here's the 8K.
Court Grants Final Approval for Class Action Settlement of EnerLume’s Consolidated Federal Securities Lawsuit
Hamden, CT -- February 1, 2008 -- EnerLume Energy Management Corp., (OTCBB:ENLU.OB, www.enerlume.com) formerly known as Host America Corporation, announces that on January 28, 2007 the Honorable Vanessa L. Bryant, United States District Court Judge for the District of Connecticut, granted final approval of the settlement of the consolidated federal securities class action that arose out of allegations stemming from a press release issued by the Company on July 12, 2005.
As previously described in the Company’s current report on Form 8-K filed on October 19, 2007, under the class action settlement, all claims against the Company and its past and present officers and directors named as defendants have been dismissed with prejudice, in exchange for payment to the Class of $2,450,000, $1,700,000 of which has been paid by insurance. In addition to the insurance proceeds, the Company has contributed $200,000 and has entered into an unsecured term note for the balance at a rate of 7.5% per annum which shall be due and payable in full on April 18, 2008. Separately, the Court took under advisement the settlement of the related stockholders derivative action, pursuant to which Host’s (now EnerLume’s) Board of Directors hasagreed to implement certain specified therapeutic corporate governance policies and procedures and to provide for payment of $140,000 for the shareholder plaintiffs’ attorney fees and costs, which is funded by the Company’s insurance proceeds.
“We are very pleased that the distraction from the class action suit from 2005 has come to an end,” said David J. Murphy, President and CEO of EnerLume Energy Management Corp. “The Company will now be able to devote more time and resources to implementing its business plan.”
The Company has not settled two other cases pending in state court concerning the July 2005 press release. The Company and the other EnerLume defendants have steadfastly maintained that the claims raised in the litigation are without merit, and have vigorously contested those claims. As part of the settlement, the settling defendants continue to deny any liability or wrongdoing.
About EnerLume Energy Management Corp.
EnerLume Energy Management Corp., through its subsidiaries, provides energy management conservation products and services in the United States. Its focus is energy conservation, which includes a proprietary digital microprocessor for reducing energy consumption on lighting systems, and the installation and design of electrical and energy management systems.
I'm surprised it's taken this long, but I don't think it will happen today. This week, yes - but probably not today. Of course, I could be wrong.
For assumptions based on Demo Site Status Report put together by radbeach from IV board, go here:
http://i253.photobucket.com/albums/hh59/radbeach/EnerlumeRevenueEstimate.jpg
You can click on the jpeg, and zoom in for easier reading.
SELECET DEMO SITE STATUS REPORT January 2008
1. Major Big Box Retail Chain
a. Demo site complete─successfull
b. 10 Store Pilot list due. Uses Qty 40 EMFL-060-277’s ($95.8k)
c, Potential Qty 5,692 EMFL-060-277’s ($11.4MM)
2. Major Southwestern University
a. 11 Building “Phase 1” proposal accepted by University’s Energy Consultant and presented to University. Uses Qty 76 EMFL-030-277’s and Qty 4 EMFL-060-277’s ($119.6k)
b. Potential (est.) Qty 500 EMFL-030-277’s and Qty 50 EMFL-060-277’s ($1.1MM)
3. West Coast Regional Grocery Chain
a. 280 Store Rollout pending. Uses 280 EMFL-200-120’s ($1.34MM)
4. Major Electrical Equipment Manufacturer
a. Brand name program pending. Starts 4Q 2008.
b. Initial Forecast = Qty 25 mixed units per day for 1st year of program
c. Potential for 1st year (2009) is 6,250 mixed units ($13.0MM)
5. Major Big Box Retail Chain
a. Demo site in progress
b. Potential (Est.) 3,000 EMFL-060-277 ($6.0MM)
6. Major New England University
a. Demo site complete—successful
b. Potential (Est.) Qty 750 EMFL-100-120’s ($2.1MM)
7. Major National Parking Garage Chain
a. Demo site complete—successful
b. Potential (Est.) Qty 1,600 EMFL-100-277’s ($4.47MM)
8. California Apartment Complex
a. Demo site complete—successful
b. Potential (Est.) Qty 100 EMFL-100-277 ($319.5k)
9. Major National Property Management Company
a. Demo site complete—successful
b. Potential (Est.) 1,000 various units ($2.1MM)
10. Major NYC Hospital
a. Demo site complete—successful
b. Potential (Est.) Qty 400 EMFL-060-277’s ($1.12MM) and Qty 100 EMFL-100-277’s ($364k)
11. Asia Distribution
a. Exclusive Rights(China, Singapore, Hong Kong and Malaysia)
b. Exclusivity Fee, Royalty Fee and License Fee
c. In negotiation phase now
Hearing today to finally put CA to rest. According to Silica's recent post on IV RE: Pacer filings from the 15th -
Two separate motions for settlement were made, for final action in the hearing on Jan. 28. One from the derivative suit (that I quoted yesterday), and one from the main CA (filed by Scott and Scott). Both argue that this settlement is extraordinarily beneficial for claimants.
From the one by Scott + Scott:
"Over 8,400 Settlement Notices were sent to Class Members or their nominees. No Class member has objected. The favorable reaction of the Class is further evidence that the Settlement is fair, reasonable and adequate."
They also note if this were ever to proceed in litigation it would be difficult to impossible as they would have to demonstrate fraud on the part of HA -- and this appears clearly to have not occurred
tchauncy I read the post you mentioned during our recent conversation. (#208 - The Plot thickens) As always, thanks for the detailed analysis. Your theory seems plausible, hence I've been doing some DD on BKSD as I consider an entry point here. For some backround, I've also read through the postings on this board since about November. However, I have other considerations before I jump in.
As you know, I was stung by the warrant debacle last summer, although not to the degree some others were. But it puts me in the unenviable position of making some firms decisions regarding ENLU. As you probably know - today is the hearing to finally put the CA to rest. Also, the most recent short report indicates the short position has decreased over 50% from the previous report. (I'm aware of your feelings RE: short reporting for OTCBB stocks) With everything happening over there, ie new business, recent filings, etc - Do you feel it's still a buy? Or are you looking to get out on upcoming news? After a long wait - they appear to have finally crossed their T's, dotted their I's and are ready for a significant move. After waiting on the tarmac for so long, I hate to get off the plane moments before she's finally ready for flight.
You can reply either here (if it relates directly to my purchase of some BKSD) or on the IHUB ENLU board. I'm going to update that board later today or tomorrow, and post some bits and pieces from the recent filings, along with some assumptions...
TIA for your opinion. BTW - it was good catching up with you last week. Been a long time. Hope all is well.
Snopes I attended the Globalcon show in AC
Happy to answer some questions if you have some. I've been an investor since October, '05
CA settlement at hand - agreement in principle
From Pacer - 4/17/2007.
"The undersigned parties jointly advise the Court that that they have reached an agreement in principle to settle this dispute, which shall become binding upon completion and execution of a Stipulation of Settlement. The settling defendants (all defendants except Roger Lockhart) have agreed to extend sine die the time for plaintiffs to respond to the settling defendants’ pending Motions to Dismiss, so that the parties may prepare a formal Stipulation of settlement. The settling parties anticipate that an executed Stipulation of Settlement and an accompanying motion for preliminary approval of the settlement will be submitted to the Court within the coming weeks. Accordingly, the settling parties request that this action be stayed as to them for 30 days (to May 17, 2007) to permit them time to finalize the settlement.
The agreement in principle to settle this dispute does not include the claims asserted against Defendant Roger Lockhart, and the undersigned parties are in no way requesting that this action be stayed with respect to Defendant Lockhart or his pending motion to dismiss."
Nice chart...
http://stockcharts.com/h-sc/ui?s=CAFE&p=D&yr=0&mn=4&dy=0&id=p17057438935
Earnings due in less than a week...
OTCBB is imminent...
Interesting news about license
I can't believe this is a scam, given all the articles in the Freeport News and nassau Guardian, however I remain cautiously optimistic.
Hamden firm (CAFE) to introduce energy-saver
Feb 08, 2007 (New Haven Register - McClatchy-Tribune Business News via COMTEX) -- HAMDEN -- Host America Corp. plans to unveil a new energy-saving product at an industry trade show in Atlantic City, N.J., in April. The fluorescent light controller will be called "EnerLume EM."
The company also announced late Tuesday it has hired John Ekegren as corporate vice president of sales and marketing. Ekegren, who was previously president of Pyramid Technologies Industrial LLC in Meriden, will be responsible for the introduction of Ener-Lume.
Host America recently applied for a trademark on the name to the U.S. Patent and Trademark Office.
EnerLume is a fluorescent lighting system controller designed to save electrical energy in large buildings and multiple facility operations. Field tests show it can reduce electrical power consumption by as much as 15 percent, company officials said.
Host America already has sold a few of the new systems, but EnerLume will be formally introduced at the upcoming Globalcon Energy, Power, & Facilities Management Strategies and Technologies Conference and Exposition in Atlantic City April 4 and 5.
"It is a very important product to the company, and we are glad to be this close to its introduction to the trade," said Sam Ostrow of Ostrow & Partners, a spokesman for Host America, which said in November it planned to introduce a new energy-saving device early this year.
The announcement of a similar device in July 2005 set off a firestorm after the company's stock price soared from $3.12 a share July 11 to $14.25 a share July 22, 2005.
The SEC halted trading at that point and initiated an investigation into whether the July 12 press release was misleading because it claimed that Wal-Mart had tested the device and was likely to install it in a significant number of stores. The SEC probe is pending.
In August 2005, the Nasdaq Stock Market Inc. delisted Host America, which is now traded on the Pink Sheets over-the-counter market.
The delisting and subsequent stock price plunge to below $2 a share brought more than a dozen lawsuits from shareholders, which have been consolidated. No date has been set for a trial.
Host America, headquartered at 2 Broadway, operates energy management, corporate dining and food services divisions. The firm employs 450 people in several states.
Host America's stock closed Wednesday at $1.85 a share, up 5 cents.
By Steve Higgins
Copyright
(c) 2007, New Haven Register, Conn.
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