Recent

% | $
Quotes you view appear here for quick access.

Edwards Lifesciences Corp. Message Board

kidecar 127 posts  |  Last Activity: Jul 8, 2016 11:16 PM Member since: Sep 19, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • kidecar kidecar Jul 8, 2016 11:16 PM Flag

    I don't think that PHOT would do a 1:1000 rs, the # Outstanding shares and float would become too small (1.2M) to be 'liquid' and we have to be honest that PHOT is as much of a gamble as it is an investment so the stock need to have liquidity at 1.00-2.00 PPS. All stocks in this sector are a gamble with the possible exception of GWPH. I personally prefer infrastructure plays because of the extended market reach over retailers.

    If California votes in Prop 64 , that would consolidate the entire pacific coast for recreational use (CA, OR, WA, + AK and CO) that is not an insignificant % of US Congressional representatives (53 + 5 + 10 + 1 + 7 = 76 out of 435 / 17%) and that is just adding in 1 of the states voting in November.

    A couple of things probably need to happen before we see something on a national level:

    1. Time. States are the test laboratories of the national government. Taxing, public safety, public health, tax revenue, etc will all get close scrutiny. The larger the study group the better.
    2. Demote the schedule ranking by DEA : Schedule I down to Schedule III (same as Tylenol w/ codeine) or IV. This could be a progressive movement downward over time
    3. Allow for Banking transactions. This is as much of a safety issue for shop owners as it is common sense. This one is tricky because banking is controlled at a Federal level and legalization is at a State level.
    4. Establish a impairment level: Like BAC level for alcohol. Insurance companies and Lawyers are a VERY powerful lobby and want to know who is liable in case of an accident, injury, etc. We have a clear legal definition for alcohol impairment, we need one for Pot too.
    5. Develop a non-invasive field test that accurately measures #4 based on CURRENT conditions. Unfortunately pot remains detectable in your system for much longer than alcohol and can lead to a false-positive indication of impairment. Whoever develops that test will be an instant multi-BILLIONAIRE.

    Thoughts?

  • Reply to

    These guys working For EGT???

    by fountainerocks Jul 7, 2016 8:53 PM
    kidecar kidecar Jul 7, 2016 10:21 PM Flag

    This company only been in existence since 8/5/2015 (Incorporation date) and has not produced any products as of yet, so it is hard to make a judgment call.

    From their website...

    "...Our name, Golden Rat Studios, is inspired by the first symbol in the Chinese zodiac: the rat. Appropriate for a social games company, the rat represents wisdom... with a dash of slyness thrown in. Assuring that good chi flows through our offices, Golden Rat mascots can be found in the southeast luck sectors of the studio...."

    Uhhh...OK. Good to know. I wonder how much $$$ they spent on Feng Shui consultants to get the office chi properly aligned? Considering that their office is located on the former grounds of a Howard Hughes airfield, that must have been difficult to get right. I wonder if they also spent money on...

    * Space clearing of unwanted energies
    * Chinese astrology recommendation for furniture placement
    * Business site blessing rituals
    * and the all-important, five-element color consultation ...if you screw that up you might as well go head and declare spiritual bankruptcy and lock the doors.

    So bottom line, there are 25 people in Playa Vista, CA sharing one big open office with a fish-bowl conference room (and 'private kitchen') and they have some pet rats that they keep in the corner of the office space for good luck.

    Golden Rat Studios Co-Founder/President, Dave Bezahler has an interesting resume but he is more mobile than his apps; having held (at least) 7 different jobs since 2005 (according to LinkedIn). In fact, he still remains CEO of FunBinge Social Labs while starting up Golden Rat.

    If anyone has a subscription to D&B you can see how much revenue FunBinge brings in annually (they actually have products in the market). It might provide some insight into what the products that Golden Rat builds will bring in for EGT.

  • kidecar kidecar Jul 7, 2016 7:47 PM Flag

    OK. Looks like EGT is fully committed to being a internet gaming company. Add another 3.25M to the cash hoard and hope that it lasts long enough to see the game generate revenue.

    Until the social gaming app is released, recurring revenue is down to (~373), "... EGMs remain in operation as the Company is working to swiftly renew these contracts retroactive to July 1, 2016."

    373 EGMs with a market average WUD of 60/day ("....For these three venues, our share of the net win per unit per day ranges from 15% to 35%"...)...so to be generous, 25% .

    373 EGMs x15 net WUD x 90 days = ~500K per quarter in revenue. or ~2.0M annually (contingent upon 2 venue contract renewal of the remaining 2 venues). The Social Gaming app is expected to cost 5-6 M in 2016. I will let iHub and this iTeam explain what happens next...even WITH the renewal since his predictions have been so accurate so far..

    On the plus side, they have more EGMs in the Warehouse (not associated with an active contract )that they may be able to sell depending on age and condition. 1,851 total EGMs (based on 10Q) - 824 just sold leaves 1027 EGMs + office furniture that they can sell before they launch the game from Lawrence Ho's summer home basement

    At this point I don't think that any sane person would consider EGT to be 'an investment'. We will just have to see if their (and our) "All Or Nothing At All" gamble will pay off in the long term. Until then your investment $$ are locked in and dead money. So pour yourself a beverage, find a comfortable seat, and enjoy the puppet show.

    BTW, did you see on p.14 in the last 10Q , "Note 8. Goodwill and Intangible Assets, including Casino Contracts" that EGT is claiming 261K in "Technical know-how" as an Intangible Asset. KNOW HOW??? about WHAT??? ...to make it even funnier, they are amortizing it !!!. That is THE craziest thing that I have read in a 10Q in a long, long time. I am NOT kidding.... read it for yourself.

  • 547 revenue sharing EGMs on in the balance. In the 1Q2016 10Q, management clearly stated, "Contracts for our three venues in the Philippines expire on June 30, 2016. We intend to seek renewal of two of these venues and have commenced discussions with the relevant parties. "

    So....did EGT win both/either/neither of the contract renewals for the 'two venues' (only) that they were targeting?

    Even as I as I type this message, I am sure that EGT's IR department is furiously at work pulling together a Public Relations Masterpiece to explain it all to us and meet their minimum legal obligations as outlined by the SEC. The only reason that I think that they 'might' have gotten the renewals is because they just awarded themselves some stock options a couple of weeks ago. Suspicious timing.

  • Avg Vol (3 month) - 2,624 shares
    Avg Vol (10 day) - 50 shares

    So if you have even a modest investment in EGT then ...

    1. You are probably underwater on it with no clear relief in sight.
    2. It will take you days or weeks (or more) to unwind your position, even if you were willing to take the loss AND you were the only person heading out the door at that time.

    EGT is the stock market equivalent of the movie, "127 hours". Want out of EGT? Hope you have a sharp pocket knife handy and have a VERY high tolerance to pain.

    The only reason to invest in EGT is if you have a belief ( that defies common sense and logic) that EGT can enter into a highly competitive new market (social gaming), an area where Senior Management has ZERO experience, and somehow develop a first-time-at-bat-home run software winner that will generate the millions of dollars in recurring quarterly revenue that they has #$%$ away over the last 5 years. Anything is possible, but is that likely?

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 28, 2016 7:08 PM Flag

    Evidently the future is none of our business. We are only shareholders, not insiders.

  • kidecar kidecar Jun 28, 2016 2:49 PM Flag

    Yes, they are similar in the area of infrastructure supply for the grower, but TRTC seems to be more diversified offering a range of products to end users (retail end-product outlets must be approved on a state-by-state basis).

    Thanks, I will give TRTC a deeper look

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 28, 2016 2:43 PM Flag

    Yes. Since we don't even know the name for it yet, I have to refer to it by description

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 27, 2016 5:34 PM Flag

    Only 13,000 shares traded MTD (17 trading days).

    Half of that volume was on 2 days. 8 zero volume training days (including today)

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 27, 2016 5:29 PM Flag

    I am surprised that Renaissance can add ANY shares give the daily volume. Only 200 shares were traded all week last week and all were traded on one day (6/23) only, all other trading days last week were zero trade days according to Yahoo (195 according to NASDAQ).

    Today is another zero trade day. Until volume returns, an investment in EGT is dead, trapped money.

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 25, 2016 12:09 AM Flag

    Well said, just a few points to add/adjust...

    EGT has already been in Vietnam (in a small way) many years ago and closed those slot parlors (and gaming ship?) venues as not being profitable. Since then, new mega resorts are being planned and built along the coastline (which by many accounts is one of the most beautiful coastlines in SE Asia). Like the PI, if large casinos by large operators are consolidated into special economic districts, they will suck in 99% of all tourist/daytripper gambling traffic leaving opportunities for small venue operators like EGT limited to serving the locals...who are not very high on the economic ladder when it comes to disposable income for gaming...

    A "throw spaghetti against the wall to see what sticks" approach to software development is not a very good strategy. Companies that succeed in the software world are focused. Just like the casino industry, knowledge is very specialized.

    Because EGT is now a fully-controlled entity by HK200 (aka 'Melco') we are operationally a division of that company and as such do not need to perform AT ALL in the stock market as evidenced by the multiple 0 volume trading days and reinforces by today's 20 share trade. Ho does not care if EGT trades or not because he has direct control over the Cash that EGT has. as such we have become a experimental division of HK200.

    That said I am reserving final judgement until we see the details of the product and how it performs in the market., but I am doubtful that it will succeed LT as there is nothing really driving it's success.

    Company performance is one thing, investment performance is why we are here - with the exception of the shills who want their paychecks to clear). The ROI on an investment has been negative for YEARS and even if you manages to get in at a low point (say ~ 1.80) your ROI is only 10% . I expect that the next few quarters will be brutal and the PPS will reflect that significant drop in revenue.

  • kidecar kidecar Jun 23, 2016 1:33 PM Flag

    Don't bother replying - you are already on ignore

  • kidecar kidecar Jun 23, 2016 1:26 PM Flag

    Reduces share count but increases PPS by the same ratio - so cash neutral to shareholders

    Want to find a moron - find a mirror, you #$%$

  • According to Ballotpedia, the encyclopedia of American politics, activists have submitted ballot measures for public vote in: Arizona, Arkansas, California, Florida, Georgia, Idaho, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, Utah, Washington and Wyoming.

    http://national.suntimes.com/national-world-news/7/72/2621877/20-states-to-vote-on-marijuana-legalization-2016-elections

    Knowing that PHOT is a derivative play, if a significant % win in the state ballot boxes across the country, PHOT could caught up in another momentum play across the sector.

    I recognize that PHOT needs a 1:100 reverse split (at some point) to bring outstanding shares down to a reasonable level, but that is a cash-neutral action for current shareholders and could actually make PHOT more interesting to institutional buyers because the PPS would be over 1.00.

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 16, 2016 3:22 PM Flag

    telecord,

    Interesting article. Not sure if it applies to EGT's 'Social Gaming' experiment because we have zero details about the project. The impression I got from the article that you shared was that players won $$$. I do not know if EGT is doing that because they said that the app was "Free to Play".

    If there are multiple levels:

    1. Free Play - User wins points and 'stuff' from sponsoring physical Casinos. EGT gets Revenue from Advertising and sponsoring Casinos.
    2. Cash Play: User wins cash. EGT gets Revenue from Cash winnings.

    That changes the whole dynamic.

    Whatever it is, it better be immediately accretive or we are going to see some VERY PAINFUL quarters while EGT builds up their user base.

    You seem to have done some research on the topic, what are your thoughts about EGT's "All-or-Nothing" Social Gaming project?

  • Reply to

    Why NO comment on the option reprice

    by cnoinvester Jun 15, 2016 6:43 AM
    kidecar kidecar Jun 15, 2016 10:46 AM Flag

    I don't know about anyone else, but I see this as a non-event.

    Three points:

    1. I think that they should have made the exercise price 3$ so that all employee and Message Board Shills financial goals are in alignment.

    2. Stock Options with an exercise price of $1.94 (minimum) are currently underwater by ~6% ( As of this post, the PPS it is $1.83) and if EGT Management does not decisively turn this ship around, there is a very strong possibility that the PPS will continue to drift downward (at least for the short term) as lose existing recurring revenue from contracted sources continues to hemorrhage while we patiently await (some ... any) specific info on the new Unicorn revenue stream (Social Gaming App) and how Management envisions that this free app will generate significant revenue.

    3. It will take 3 years for the Options to fully vest. A *LOT* can happen in 3 years. Take the last 3 years as an example. On June 14, 2013 EGT had a split-adjusted PPS @ close of trading day of $7.92, today we sit @ $1.83 with 121 shares traded so far today (@10:46 AM EST).

    If a -76% ROI does not deserve a Stock-Option performance reward, I don't know what does.

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 14, 2016 5:55 PM Flag

    Down another 11% today ...

    Will check back on how your "Strong Buy Recommendation" is working out for you at the end of the month when we find out about the three-venue PI Rev Sharing contract renewals.

    Until then, I guess EGT will just do like the Radiator's song says and , "Party 'Till The Money Runs Out"

    I went wrong with the propane. I went wrong with the gasoline.
    My life become a nightmare when I lost my sweet dream.
    Party 'til the money run out.
    Party 'til the money run out.
    If you want to know who a happy clam is,
    Party 'til the money run out.....

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 13, 2016 6:31 PM Flag

    I stand corrected...

    According to NASDAQ, 8 of the 11 Inst holders have less than 1000 shares. Total Shares Inst Held (all holders): 156,927

    Royal Bank of CA just bailed completely (a whopping 188 shares)
    UBS dropped 1,196 shares - keeping only 224 shares
    BoA opened a strong position with ONE share
    Mfg Hannover cane storming in with a new position of 224 shares

    Be still my fluttering heart.

    I am sure that a lot of these big names w/ less than 1000 shares only have EGT because they offer a small cap index fund or gaming fund - and they HAVE TO own some EGT shares (example BoA w/ one share). They do not own EGT because EGT it has such a bright future as an investment (based on available information).

    Now Telcord, if you could only find out what is going on with the PI rev sharing contracts and the multi-million dollar "Secret Social Gaming Project" :-)

    I heard that is going to be an undersea game called, "THE EGT IR CLAM" featuring...

    CC as 'Sponge Bob',
    iHub as 'Patrick',
    Coinvestor as 'Squidward Tentacles'
    and myself as 'The Flying Dutchman'

    See you under the sea in Social Gaming Dreamland......

  • ALL of EGT's Philippine EGM Contracts end on Thursday 6/30/2016 (14 business days from today). If these contracts are not renewed, EGT will have effectively pivoted to Social Gaming Software development company.

    If that morphs into a software company, it will need to be completely re-evaluated in that light and against the competitors in that space. Among the many questions, we will see how well EGT (historically known for it's LACK of public communication) will market itself directly to end users to promote their products which are currently still under development.

    Additional considerations will be evaluating the cash burn rate while the project remains under development (and not producing any income).

    On the positive side EGT does have a pretty impressive cash hoard of ~ 25Mish, and will also have a source of additional recurring revenue being the fixed lease revenue from NAGA which will soon be on a month-to-month basis - only 30-day notice required to terminate agreement. There are also several thousand used EGMs that can be sold for whatever the market pays for used EGM hardware. These are luxuries that most software startups do not enjoy. It will be interesting to see if EGT can leverage that Cash into a successful new business.

    Once all of EGT's physical assets have been sold off, they will be able to close all warehouses and all offices other than the HQ where development is taking place and all associated personnel (reducing expenses). After that, its ability to 'live or die' will be based solely on the Social Gaming software package + any heretofore un-announced new projects that can be bankrolled by the Cash Hoard .... until that cash runs O-U-T.

    HK200 has sunk millions into EGT stock to position the company for this exact move. We will see if they are willing to spend more money to maintain EGT as a viable business entity until Social Gaming revenue can sustain the company independently when or if that becomes necessary.

  • Reply to

    SIX of EGT's TOP TEN Institutional Investors AGREE

    by kidecar Jun 10, 2016 9:33 AM
    kidecar kidecar Jun 10, 2016 4:10 PM Flag

    Evidently reality is too difficult for some of you. When you get your courage back up, go to Ownership Major Holders and see for yourselves. 6 out of the ten institutional holders have under 1,000 shares of this stock, the 7th has only 1,026. That leaves only THREE institutional Investment companies who have over a 1050 share holding.

    Instead of clicking on 'Thumbs Down', go to your brokerage account and BUY shares. Put your money where your thumb is ( and remember to wash that hand you nasty boy)

EW
114.52+1.53(+1.35%)Jul 29 4:02 PMEDT