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Re: newmedman post# 731

Wednesday, 02/12/2014 2:07:16 PM

Wednesday, February 12, 2014 2:07:16 PM

Post# of 3827
Glad to be around. Haven't been active on the board in a while. Been messing around with some intra-day trading on these crazy MJ stock.

I agree with you on pretty much all of your comments. With the addition of 2 new directors in Q3, executives, & sales personnel, I'd expect to see slightly higher G&A along with any non-cash stock expense issued to those employees. Not to mention the $568k finders fee to Maxim & Chardan for the offering. We'll surely see overall expenses be higher than Q2.

The horrible winter weather season should definitely be a factor. I started thinking about this. I wonder how much of their recent revenue growth has been tied to new wells/drilling and how much has been tied to replacing the manual legacy burner management systems that already exist on the refining side.

Q3-2012 revenues were 43% higher than Q3-2013, and this is when I believe they were purely Canada in 2012. It's obvious they've been building a lot steam this year and I don't expect Q3 revs to be that much less than Q2. I will buying tomorrow when my brokerage funds free up but may put a stop-loss in Friday morning depending on results.

If results come in much weaker than expected and we take a dip, I'll be buying back in at lower levels.

For the record, I'm expecting $0.03- $0.04 EPS, but I'm hoping for $0.05- $0.06
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