Candleman
Way to profit today! 60K post tax profit!!! NICE!
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Candleman
Way to profit today! 60K post tax profit!!! NICE!
Bass, et al--
I'm holding on QASP, as I believe we are about to see a two-headed run in the very near future. The first is based solely on the buyback of stock; you just don't get a $15 million bridge loan these days to play around with. There is some serious work on the pipeline in order for any financing to occur, especially at this amount. The bank knows what is about to happen, and that is why they made the bridge loan.
The second run is based on the acquisitions coming up. Then, we'll have a true value for this company, and a share price based on that value.
If you re-read their press release from last month, it stated (and I'm paraphrasing here) that the board of directors approved a share buyback program that would begin *only after* the acquisitions were finalized.
Hint, hint, hint.
I'm holding until I truly think the price per share has peaked.
I'll know it when I see it. ;)
For Just Sirius from the HUUB:
Authorized Shares 750,000,000 as of August 13th, 2009
Outstanding Shares 319,836,491 as of Sept 8, 2009
Preferred Shares Authorized 50,000,000 as of March 7 2009
(Non-Convertible, None Issued as of March 2009)
Float 147,703,004 as of Sep 8, 2009
Greg, good attention to detail on your part. You made me go back and take a look at that PR and this is what I found:
"the board authorized upon completion of funding of previous announced acquisitions Quasar will begin to repurchase"
It states upon completion of funding... haven't they already received funding? They announced in the 8/26/09 Update to Investors PR that they have secured funding.
I think they could and hope they start the buyback now... what is your take? I could be wrong but I would like to have this figured out
I agree with all of you. What a great day for QASP. I had 65K shares, but this news tipped the scales for me. So I took some newly cleared cash and bought another 50K.
I have a bit more cash clearing tomorrow or the next day. I havent decided what to purchase with it. Any suggestions?
Investyoung
Thanks for the information! Hopefully they can begin the buyback immediately and significantly reduce the O/S. Gives us immediately ROI and F/B acquisitions...Should see significant rise in SP once acquistions are finalized!
QASP
Would be great to reduce O/S by 20%. Bring that number down another 60M!
with regards to the pps if the acquisitions happen i think it will be at least .25 with the slight possibility of reaching a dollar on momo. with that said, please do not fall in love with this stock yet. remember it is a pinky and anything can happen. there is the possibility these PR's are bs. you guys may see me pumping and fighting the bashers on the shrub, but that is the place that makes or breaks pinkies. i wont pump here, i'll use logic and reason and post observations along with my opinions.
fall in love with a stock when it gives you a 10 bagger and you cash out!!!
shots, i wish i could recommend a stock right now i havent been searching much since im concentrating on qasp.
what do you think of dumping a small amount into miggle and hold for long term. i may do so if i can cash out of qasp with a heavy profit. if that does happen i may throw a $1k GTC order at .0003 just for kicks.
worse case shots, just keep dry powder if something pops up out of the blue.
look the thing that made me feel better about QASP is this guy James ray. i read his background , searched him on the net. he is an official certified good guy. but dealing with a pinky will ALWAYS keep some doubt in my mind. so please fellas, like the stock but dont fall in love with it and dont get yourself caught in the hype. that should go with any stock. gl.
Bass, I have had a buy at .0003 for a week now, and they wont sell them. I was hoping to lower my average.Quote:
Originally Posted by bassmaster
Bass...thanks for your insight. I'm holding MGLG (bought at .0017 originally and have been adding small amounts looking out long term. I believe they will pop intermittently like when they get the flow problems worked out (high BTU counts, I believe). I think long term, it's the plant that is scheduled to go online in 2011 that should make this company viable. That being said, one has to take into consideration, can they actually remain a going concern until the plant come online? Nobody knows, but I'm confortable throwing a few grand at it for the opportunity for a payoff....the added bonus is if this hits late next year, early 2011 those of us holding now will get hit will lower taxes on the profits.Quote:
Originally Posted by bassmaster
This is just early morning rambling...not sure I'm even making sense...lol.
Ha very good...Quote:
Originally Posted by just sirius
yesterday in spng proved to be pretty strong...held up on the MM's gap down with a continuous movement up afterward...
right now is just a lull in trading on spng...i planned to hold until october, november or january depending on pps...so with it being down its just on paper afaic.
interesting "outing" by the ny post today, nothing new we don't know, maybe it will give a boost to management to prove them wrong...sorry no link.
thing i find funny is people talk of cooking books...why would anyone cook a book that says they only had $5MM rev (2007/8) I say toss the books from 2 years ago, however someone said you have to include them for a proper 10k (comparison of previous years). Anyway, the accountant issues aren't their fault, it was the accountant who was negligible.
Holding strong, deposited some more dough waiting to clear hoping to get some cheap shares....
Bio-Clean International, Inc. Affiliated Entity Signs New Teaming Agreement
BCLE08:00 EDTBusiness Wire
Bio-Clean International, Inc. (Pink Sheets: BCLE) (www.biocleaninternational.com), announced today that the Company’s affiliated entity, American Bio-Clean Corporation (www.americanbioclean.com), a Service-Disabled Veteran-Owned Small Business (SDVOSB), has entered into a Teaming Agreement with Powell Royalty, LLC of Shreveport, Louisiana.
John P. Finn, Executive VP and Director of Bio-Clean International, Inc., stated, “The the ability to partner with Powell Royalty, LLC, a well-known oil industry drilling producer and an expert in all aspects of the petroleum industry, is an exceptional opportunity for ABC and its other teaming partner, Smart Pipe Company, Inc. There are millions of miles of aging pipelines that need to be rehabilitated. American Bio-Clean, with its SDVOSB Certification and a network of affiliated contractors and subcontractors, will provide Smart Pipe with the vehicle to reach not only government contract opportunities, but also commercial contract opportunities on a global scale.”
American Bio-Clean’s teaming partner, Smart Pipe Company, Inc., is a portfolio company of Shell Technology Ventures Fund 1 B.V. (“STV Fund”), with the primary owner of STV Fund being Royal Dutch Shell PLC. Smart Pipe’s process brings new life for aging pipelines, is very efficient to install and very friendly to the environment, while being cost efficient as the old pipe does not have to be dug up and replaced. Instead, a new pipe line is simply put inside the old pipe.
AMNE Increases Its Assets by $8 Million
AMNE08:20 EDTMarketwire
NEW HAVEN, CT -- (Marketwire) -- 09/17/09 -- American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com) through its joint venture with Ecosafe Insulation of Florida, LLC (ECOFL) will increase its Net Assets by $8 million dollars in the third quarter.
Under the terms of the agreement with ECOFL, AMNE is entitled to half of the revenue generated from ECOFL. ECOFL will be completing a reverse merger in the next few days and will issue AMNE a fifty percent equity stake in the new company. At the current market value AMNE would realize a gain to its Net Assets of $8 million dollars.
Once the merger for ECOFL is complete and the shares have been issued to AMNE a joint press release will be issued alerting investors as to the symbol of the ECOFL.
AMNE will only be a shareholder and joint venture partner in the ECOFL is merging into. The Officers and Directors of AMNE do not have any interest in the company outside what will be owned by AMNE.
The Company believes all other remarks made in the release to be accurate to the best of their knowledge.
Guys, I think we should start watching AMNE very closely. This seems to me to be a company that wants to succeed.
Shots, I picked up a 100K shares of AMNE last week. I had heard about it from some other thread and it looked like it had some growth potential. Thanks for the newsbite!Quote:
Originally Posted by ShotsII
My pleasure CMan.
Also, LLBO spiked up to low 70s this morning, but fell quickly back to 50s. The previous leg up of the cup was almost to .02.
I'm not buying in unless I see a full cup n handle formation.
The release yesterday said that QASP would begin the buyback in the coming week or so. I just read the Shrubbers and laugh; they literally take every single movement of the share price to heart. It's comical.Quote:
Originally Posted by investyoung
I do think this company has some legs to it, but like Bass said...it is a pinky. However, the recent article in the Jacksonville paper and other things I see/hear/read have led me to believe it not a shell nor a scam. They really are trying to make a go of it.
I am a student pilot. However, I put my flight training on hold once the recession was in full swing. It's an expensive business. It costs me $2 per minute that the propeller is spinning. $120 per hour.
And from what I see, right now is not the time to be in the flight school/airplane business. We're still in a recession. HOWEVER...once we do come out of the financial funkiness, those that organized just such a business during the recession could really profit big-time.
It takes a fair amount of cojones to start up and grow such a business during economic times like these, IMHO.
Do you guys think BEHL could show revenue this new quarter? It seems like they have a good handle on PBR building,i dont think it will take a long time to get the new ones going, but my gut says it will be 6 months+ before we see any substantial revenue. thoughts?
BCLE is making a nice run today. Up 25% from yesterday's close.
I like stocks that do that!:)
Oh oh, the sponge seems to be drying up. We're getting close to a three month low with this one. It's either a great time to buy and add some more to the position, or go take a bath!