![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, November 11, 2010 9:31:41 AM
When CFP hits, the better question is what kind of earnings can this company post with some financing in it pocket? What is the market potential and what is the market share that ERF can grab a hold of? I see some big numbers here.
The hump is CFP. That is what we need to get into the history books. Now to come back into the present more.... If the Q3 numbers are CFP, this things rockets to 30+ cents overnight. If the Q3 numbers are signaling that CFP is coming (CEO said last spring he thought CFP would be here by the end of the year) then what will be the jump in PPS... I am guessing somewhere between 10 and 18 cents. Now if the Q3 numbers look like all the recent quarterlies, a new bottom is coming, somewhere around 1 to 1.5 cents.
Q3 numbers are due Monday... longs know the history... this company gets more quarterly extensions than not ... so don't hold your breath on Monday. The better news is that they don't always need the full 5 days the extension gives them... so figure on seeing numbers next week.
My key stat is total revenues... if they are well above $2.75M for the quarter then we could be headed for CFP real soon. If it hit $4.5M in Q3, than CFP should have been hit in Q3.
Biggest clue that a good number is coming in the Q3 report... go back and read the PR from early August... ERF unexpectedly retired some debt... where did the cash come from? I am guessing that it was from collected revenues. Read this quote from that PR... "Since that time, the company has worked to repay that debt, while continuing to execute its business plan for overall revenue growth. In particular, ERF Wireless Oil & Gas Services, the company's oil and gas services division, continues to gain substantial sales momentum and is currently working to finalize contracts with multiple customers, including some high-profile Fortune 500 companies."... that smells of new revenues. ERF wouldn't be paying off debt with money needed to pay the utility bills... something changed in August....JMHO
This is why I am looking for a good Q3 and a nice bump in the PPS next week...
GL to those still fishing for the bottom prices.
BOL to the longs.
A1
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM