are needed to move this stock; that, of course, would raise revenues considerably. With our $2m LOC, we should be able to continue a marketing push that we have never done before. Our nemesis will, of course, be the economy and whether monies will be released by companies in an attempt to save monies over time. Plodding along while raising revenues by 10-15% quarter over quarter is nice, but won't excite the investment community.
Volume of 98,000 x .28 = $27,440. That isn't enough to do anything, This quarter was solid but didn't reveal any catalyst to drive the stock higher. Maybe in the future, but not until additional major buyers are enticed; certainly not this time around. The waiting game continues.
There is no question the postponement of the deal was the reason for the decline. I don't agree with your suggestion that the stock will low at .20. It would have been easy for the company to sell off some shares to a scalper; instead they elected to search a bit more to see what they can do to raise the money. I think that speaks volumes of the company and management; too many companies just sell off stock (dilution). Lastly, there is no question that the market views anything other than full speed ahead without a rife as being a negative. Not in this stock for a month or two so I don't mind the down churn. I think we need to keep an eye on the business and that seems to me to be moving along nicely; their recent purchase seems to be lost and forgotten already; that should reward us down the road. Again, the management holds a number of shares and that makes decisions about finances a bit more focused; after all, they have never sold even 1 share!
tesio...couldn't agree more. This is by far the #1 stock in my portfolio whereby the management is running the business with the stockholder in the #1 chair. I was shocked to see a stock buyback; nothing supports shareholders more than a company spending their monies on buybacks. And, as you say, the infrastructure is paid for and in place; time to get the goo outa da ground!?* If we can now increase bpoe somewhere north of where we are and the 5,000 we thought we would be pulling originally. In my mind, not attaining our projection is what set the company back a few spaces, yet gave many of us the opportunity to invest. GLTA, although I don't think TAG needs a great deal of luck.
Hired additional staff and have pressed our marketing. It should all pay off in the future. Why now?
Because it is the right thing to do, and we could spend the cash now that we have a LOC of $2m
available. If there was a bit of a depressing number, it was the overall revenues. We were shooting
for somewhere between 20%-30% QoQ and came up a bit short. Still, the timing of the marketing push
appears very reasonable. With that said, it will take a few more quarters to see any real stock appreciation.
Hopefully, Jason will guide going forward in order to entice additional buyers, but I think we will continue
to slowly increase revenues as the market/economy is what dictates our successes. Outlays of cash, even
with the surety that those monies will be returned or made up; still difficult for companies to commit. As
the economy continues to strengthen, so too will our revenues. JMHO.
...appears to me to be merely a matter of time.
Finding a company of this ilk; no debt, superior
drill rights, cash on hand, increased revenues,
skilled and seasoned team; all adds up to a very
fortuitous stock risk. Certainly one that I am willing
to ride out. Now, with that said, let's get the goo outa
...a paltry number of buys in advance of "potential" record
quarter. The volume I think this company needs to see is
north of 1,000,000 shares for several days. I'm not saying
it won't happen, but I am saying I don't know when it will
happen. Certainly not until issues are resolved and resolved
There are actually two reasons why Telkonet has not caught fire by major investors, imo; 1) current and future revenues...if and when the economy suffers, businesses are reluctant to outlay cash even on projects that can save them money in the long run. This was discussed by Reindeers and Tienor in past company reports and conference calls over this last year. This issue has greatly improved over the last few quarters, however it is an issue that could resurface depending on economical environment. 2) we continue to have an issue relative to "collected sales tax". The potential liability is somewhere north of $1.8m (sales tax + penalty) and will remain in financial view until fully collected. We are being allowed to collect it, state by state, without intervention. However, patience may run out and the total sales tax may become due and payable in the future. GLTA.
Nice to see the extension in lieu of arbitrarily making a stock deal (dilution).
I think it's equally nice to know that the Management has 'skin' in the game.
2012 year end numbers indicated that individual investors totaled just
under 300 (297); yes, I also thought it was a much greater number. So,
the bottom line is that there is a great deal of churning to make the "number"
go up, and a great deal of churning to make the "number" go down. And,
that is the reason why it would take a major hitter (volume buyer) move the
stock north, or south. The good news is that to move the stock south, it would
take a massive sell off by individual buyers as there are few (2) major holders,
other than the management. Also, to make the stock price rise, it would take
a great deal of volume, however a number of 'us' buyers could move it a bit
higher based on minimum buys. Once again, we need major volume, which
would indicate failure (not likely) or major volume, which would indicate that
some other funds or investment companies have "been convinced". Our time
is coming, not too sure exactly when. GLTA!
is and always will be the lack of institutional investors; we have 2, and of course, being off a major indices. The cure is exactly what Jason & Co. is doing; strengthening the balance sheet by eliminating debt and amassing cash by growing the business and increasing revenues. What is becoming more evident daily is that Telkonet is becoming a household name in the industry and is revered by a number of external sources as being the #1 company in our niche; product and service. Once we start getting the attention of further institutional investors, we will see appreciable escalation of stock. This is evidenced by the interest in our CC questions; largely asked by these types of investors, which is showing increased interest.
Hard for me to believe that we can't beat Q2-12 revenues of $3.462m given the published contracts that Telkonet has signed over the last many months. Also, the lagged revenues streams from one quarter to the next. A very reasonable revenue rise to $4.25-$4.50m would do us well. It may take us a few more quarters to achieve a major increase in stock price, however for the first time in a very long time, we all can see the light at the end of a very long, dark and bleak tunnel. GLTA!
Put in an order over 24 hours ago at .29; thought it would be taken out
this morning at opening...no luck. I think the trees have been shaken
and most are waiting for CC to occur by August 14th. Although every
quarter has looked like the definitive quarter, over the last several quarters,
this one looks that part again. Revenue talks, BS walks!
Excellent update! What this update tells me is that NZERF is two things; 1) they are moving as quickly as possible to make money and stand on their own earnings, and 2) they are attempting to move forward with the purchase without dilution. With a week to go (August 14th), I wish them a great deal of luck; this last joint venture was a very good way of producing monies without dilution. One last note, they are very good at keeping shareholders notified of current events/situations; many other companies I have owned are far less forthcoming.
Installations of EcoSmart energy management have been completed at three of six hotels owned by Ellicott Development: the 82-room Country Inn & Suites located in West Seneca, NY, the 120-room Wyndham Garden Hotel & Suites and the 105-room Staybridge Suites, both of which are located in Amherst, NY. Green Lodging Energy, one of Telkonet's strategic partners, facilitated the relationship with Ellicott Development and will provide comprehensive post-installation service and support for the hotels.
EcoSmart is a complete suite of energy management solutions, both wired and wireless, that can be configured for properties of all sizes. EcoView occupancy sensors monitor rooms for motion, body heat and ambient light. EcoInsight and EcoWave thermostats, working in conjunction with the occupancy sensors, balance energy usage and room comfort. EcoGuard outlets can control power to lights, entertainment centers, minibars, and more.
Thomas Hannon, Ellicott Development's Director of Buildings, installed energy management systems from several of Telkonet's major competitors prior to discovering the major advantages offered by the EcoSmart technology platform.
"We've tried numerous solutions and recently concluded that Telkonet's EcoSmart energy management provides Ellicott Development with the most efficient HVAC operation for energy savings and the most advanced remote management capability of any technology on the market today," said Hannon.
"There's no other technology currently available that gives us the features and functionality we need to effectively monitor and manage hundreds of rooms at separate locations simultaneously," Hannon added.
Hard to believe that someone would sell at .255 ahead of CC within next 3 weeks. However, volume was miniscule today; 4 total trades of 4,000, 500, 3,700 and 55. I am very eager to see what our 2nd biggest quarter worth of revenues will reveal (Q4 is biggest).