Enough of being listed on AMEX, they are playing games with your company. The listing requirements for the NASDAQ capital market should be metL
* Stockholders Equity: $4 million
* Market value: $15 million
* Publicly held shares: 1 million
* Shareholders: 300
* Market Makers: 3
* Bid price/Closing price: $4/$3
FPP qualifies for the $3 closing price alternative (minimum $6 million revenue for 3 consecutive years), so the $4 bid price doesn't apply. They meet every other requirement other than the number of shareholders. I don't know if they have 300. The # of market makers is important, if there were 3 market makers creating a market for FPP, they wouldn't be able to play the games that the AMEX stock specialist is doing.
I am seriously asking management to consider applying for listing under the NASDAQ exchange. If the stock specialist is the problem here, and I suspect he is, this would solve that problem and have other advantages as well.
Spiked at the end of September 2013 into the first week of October when it peaked. Looks like a repeat performance. I expect VXX to keep climbing for another week or two before the markets stage another rally. For the next 2 weeks, VXX is the investment to own.
Sounds like it is strictly a licensing deal. JVA receives a percentage of sales of any products sold with the "Don Manuel" label by DTS8 in these Chinese gourmet coffee shops. One store in China was to be built in September and 5 more are planned for the first quarter 2015. It will not generate a lot of revenue initially, this is more of a future growth story and depends on how many stores ultimately will be built.
If JVA's 20% decline in sales the past 2 quarters rebounds to what it was, and they remain profitable as they have been, this instantly goes back to $8. It will be cheap even then because of the low P/E which will get even lower after next quarter's earnings. Not to mention the PR value from the licensing deals they are getting from 6 new coffee shops opening in China in the next few months.
Not specific to JVA but the market looks pretty horrific right now. I won't talk about conspiracy theory but the market has been tanking the past few days and today the Iraqi Prime Minister told REPORTERS that ISIS was planning to attack New York City and Paris subway systems. Of course the fear index is rising significantly off that news. The markets will probably continue to sell off, perhaps hard, in at least the next few days or weeks. While that has nothing to do with coffee sales, JVA may be hard pressed to stage a significant rally while the markets sort out the problems with a soaring US dollar, falling small caps and now the ISIS terror threat being made public which is questionable at best but still going to impact markets.
I am not a reason to buy or sell this stock. This is pretty much insanity right now. If you compare the stock price to last year when it was the same price and compare the fundamentals, well, something is seriously wrong somewhere.
I'm sure short interest has risen dramatically since the last update and that's what is causing this latest selloff. JVA should not only complete the buyback but announce another one. If they thought this was cheap enough at $6.50 to buy back their own shares, they should raise debt to buy back a lot more at $5.40. Fire the bullets when it makes sense.
Whenever something becomes so obvious that it has to happen, Wall Street will rip your heart out and do the complete opposite. Oil HAD to keep falling and small caps (IWM) HAD to crash. That's why they both did the opposite today.
According to this computer-generated chart, today was the bottom for a while and it will head back up. It's been right since March, just posting it for curiosity's sake. This selloff is absurd.
Yahoo needs to update the financials and show the actual P/E ratio. JVA has had the best earnings since 2009 (and this is based on only 3 quarters) and is trading as if they are losing a fortune. The trading is very broken here, way too much upside here to continue ignoring this company. $5.50 is an absolute steal.
Well, big for FPP. 6,314 shares bought at $4.00 5 minutes after the closing bell but it was reported as a normal hours trade. The close was the high of the day. This stock has been acting all crazy the past few months, continuing to see highly unusual trading activity like the weird late closing trade.
Time for a beer.
An unbiased percentage change since June 9th from most of the o+g stocks I could think of.
Oil goes up. FPP goes down.
Oil goes down. FPP goes down.
Market goes up. FPP goes down.
Market goes down. FPP goes down.
True 3 months ago. True a month ago. True today. Manipulators have been here since May. Maybe someday they will study FPP at Wharton to study how a stock can fall almost every single day with no end in sight. Hopefully those in charge will finally start to believe me and fight back. Don't let this continue without a fight.
AUSTIN, Texas, Sept. 18, 2014 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT: FPP) today provided an update on recent drilling activity.
FieldPoint successfully recompleted its University Z1 well in Andrews County Texas. The well formerly produced from the Devonian formation but was perforated and acidized in the Wolfcamp zone and has begun to produce oil. The jet pump was re-installed, but a casing repair will be required before the well begins full production. The Company also reactivated the State of Texas Z2 well on the same property. Oil flow was re-established from the Devonian formation after some remedial work, but the Z2 will also need casing repair before it can be returned to production. Phillip Roberson, FieldPoint President and CFO, stated, "We are pleased with the initial results from the workover of these wells and expect to have them both on production in October. We anticipated the possible need for casing repairs since we are dealing with almost thirty year old casing."
The Company is waiting for the Bureau of Land Management permit to begin drilling the Quinoco Sulimar #2 in Chaves County, New Mexico, in the Queens formation. Mr. Roberson Stated, "We are very excited about getting underway with this well due to the performance of the offsetting well, the Quinoco Sulimar #1, but understand that Federal permits often take longer to obtain than initially planned. Our plans still include completing this well in 2014."
FieldPoint also plans to recomplete its Andrews County, Texas Arrowhead #1 well in the Devonian formation later in the year. This well has formerly produced in the Ellenberger zone.
Finally, the Company announced that it is currently producing four horizontal Taylor Sand wells in its Ranger project. Mr. Roberson stated "We are still very excited about this project, but the first four wells convinced us that 3D seismic data could significantly improve our efficiency..." [see newswire for the rest]
Hey cary, long time no see. Every day since May, someone is purposely selling shares below market value in an effort to drive down the price. They are constantly placing limit sell orders lower than the market price so the price has nowhere to go but down. Since it's happened every day since May, they mean business and are here to stay. Since someone is purposely losing a lot of money to get the price down, they have an end game in mind. I can't be sure if they are driving down the price to buy the company cheaper or whether it's the stock specialist doing this for personal gain...but I absolutely know for sure it's happening There's a very small short position so it's not to make money shorting the stock. In many ways, it is an EDAC situation. FPP's market cap has fallen $10 million since June 9th so if they are doing this to buy the company, they are very shrewd unless they get caught which is becoming increasingly likely. Keep watching this for price stabilization before getting in, also keep an eye on the price of oil as the two are linked. Oil has been falling due to a very strong dollar and weak overseas economies but OPEC is probably going to announce a cutback in production to put a floor underneath the price of oil. If oil prices stabilize or go higher, this would be the stock to buy.
Who's taking credit? I'm not running the company. I was complaining about manipulation starting in May when the stock price was still rising. Now it's down ~31% since then. That is not coincidence. I've been following FPP since 2005 so I know what normal looks like. Starting in May, everything changed and nothing has been normal. Speaking of psycho, I'm not the one with 30 or more aliases which took me a few minutes to figure out.
I've only seen this type of manipulation once before and 6 months after I figured out what was going on, the company announced it was bought out. The private equity firm that bought the company was spending hundred of thousands of dollars forcing the stock lower and ultimately saved millions buying the company at a much lower price. That is what I believe is going on here. Everyone that doubted me when it happened with the other company thanked me hand over fist when the buyout was announced because I had been saying that was happening for months and nobody else believed me. I don't expect anyone to believe me here but I see what is going on while everyone else believes that Wall Street would never possibly manipulate a small company like FPP. Wake up.
I will say that the long term structure of a bullish dollar looks strong (ie the weekly and monthly chart), but the daily chart is the one that's massively overbought so I am only looking to week's end for the lower dollar and stronger oil. Most oil stocks (other than FPP) look strong today, especially AXAS which I think you've been in recently.
Interestingly, as overbought as the US dollar is, FPP is even more oversold than that. I've had to go back to economic crises and plunging oil prices to find similar chart characteristics. Either FPP is going to do so magic and soar really soon, or it will continue to spiral out of control due to what I have been saying for months. Until the trend changes, I fear the latter.
Yesterday I placed a massive short-term bet for the dollar to fall and for oil to go higher. The dollar is more overbought than I have seen in years, and with the Fed speaking tomorrow afternoon, I figure it will dive. The lower dollar would mean oil/gold/commodities will all get a boost. Whether that translates to a bump in FPP is doubtful since other forces are at work but my bet yesterday on oil turning higher is working out so far.
Read the last PR and then google it. You will see that DTS8 is opening the store in September 2014 and JVA is licensing the Don Manuel brand to them for reselling.
If that is too difficult for you, I will share my homework.
"We [JVA], in conjunction with our license agreement with DTS8 Coffee Company, will be opening our first "Café de la Don Manuel" coffee shop this September in Shanghai. As the owner of the propriety name Don Manuel, which DTS8 has licensed from us, Coffee Holding Co. will receive a percentage of the sales revenues from all products bearing the Don Manuel trademark. Through this arrangement with DTS8, we will expand our footprint in the rapidly growing Chinese coffee market. This further develops our presence in this market with our current history of selling our branded and green coffee products in the Chinese coffee market at the wholesale level over the past several years," Mr. Gordon continued."
SHANGHAI--(BUSINESS WIRE)--DTS8 Coffee Company, Ltd. (OTCBB:BKCT) (OTCQB:BKCT) (BERLIN:9BE) announced today that the Joint Venture’s first ‘Café de la Don Manuel,’ located at 150 East Jing Ling Road, Shanghai, is on schedule to open in October 2014.
"We project a profitable business venture and plan to unveil our first shop by September 2014, with 5 more slated to open first quarter 2015.”