Yahoo has really great chance of topping $40 with Alibaba IPO and heading higher than that over the next year as new services enhance revenue opportunities. Get Ready!
Gliding Down! But as I posted a couple of weeks ago, we are now only about eight weeks away from knowing from the second quarter 10Q just how good the "new" buisness plan is panning out. Seems like I remember sometime after the first of the year that management stated changes had been made and new opportunities were available and the company would show progress in reducing expenses and improving revenues. The last statement does reflect a reduction, albeit somewhat, in expenses. But the revenues actually fell. So the second quarter Q sure had better show some dramatic turnaround in sales and subsequent revenue gains. If not, do you wonder what management will state as the "reason?" Stay tuned.
We'll know just how good the new business strategy is working out for ERFB. The second quarter ends June 30, and 45 days after that, there should be a 10Q filing, or normally with this company, another 5 days added for delays, and then we'll all see just how good management has been at projecting growth in revenue and reduced operating expenses. Just a guess, but I'm betting the company will lose at least another $500,000 for the quarter overall. Any other guesses?
Somehow I cannot understand how a company can continually lose money quarter over quarter for years and still stay in business. Of course, one way is to continue to issue shares against loans, and continue to dilute the shareholders value. What were the reverse amounts? One share for 500? Then one for 200, or whatever? But not to worry. The company is changing direction and moving the majority of it's efforts to the oil patch. But wait! If you review the financials carefully, you will see that those revenues dropped quarter over quarter also. Gee, what is management to do? Perhaps an old saying comes to mind. You can fool some of the people all of the time, and all of the people some of the time. Wonder which time it is now?
So how many shares do you own? And if you don't own any, why bother to even post a message on a board where you have no financial interest? Usually those kind of posts are by bashers, period. Surely, you are a better person than that, right?
With new management Treaty now appears to be on the verge of becoming the company investors will finally favor. In reviewing the recent LOI and the affiliated company website presentation, there appears to be sufficient data to warrant a really nice opportunity for Treaty in the four well farmout. Now they need to get the final contracts done on the farmout and they should be off and running. Let's look for a better future for the company, finally. Cheers
PPS has climbed 50% since inception of the new business plan last week. Now even some of the posters, some who we have never seen before are pumping the stock. Wonder where they came from? And remember, the first quarter 10Q is scheduled out in just 17 days. Perhaps it'll show improvement. Stay tuned.
Now the real question is will it stay up, or will it head back down? And remember the 10Q for the first quarter should be out in three weeks. Hey, maybe the new business strategy of dumping your old garbage and liabilities into a spinoff and keeping only the fresh laid eggs will pay off. The only question is who will get the spinoff with the rotten eggs?
Today is a good time to jump in with shares close to $8 on the retail side. And if concerned about a lower price, sell the POZN $8 puts out a few months and pick up some cash while waiting to see if the pps falls to that level. If not, use the funds from that transaction to acquire some calls a little higher up. This stock is for longer term, or possibly becoming a buyout target in the high teens at least. Stay tuned.
Yep, a one for fifty (1 for 50) share reverse will get the pps back to $8. Then the company will be able to file for a higher board listing. ... Now for some humor. A buddy said the only board this company could file for was..... his Grandma's washing board. Cheers
"There were no clinical or safety deficiencies noted with respect to either PA8140 or PA32540 and no other deficiencies were noted in the CRL." Therefore it seems when the inspection of the facility is certified, final approval is coming. That's what the investors are looking for. This investment shouldn't be a short term one, especially since the increase in year over year revenues will itself drive the pps up for a few years.
everything was so rosy and the pps reached a whopping .18. Hhmm. Well that didn't last long. And guess what. It's only three weeks until the 10Q is due for the 2014 first quarter. Let's see just how much revenues have improved, and see if expenses have really decreased as management informed us they would. As they say, Stay Tuned!
The company has a history of issuing shares to employees for their pay. Have you figured out how many new S8 shares they would have to issue to make payroll above their cash revenues? I bet you may find that at even .50 it may take at least 250,000 new shares per month, and the pps is a lot lower than that. Now, go figure how many new shares will be outstanding at the 10Q filing which is due mid May. They have lost millions of dollars each year, and have succeeded in staying open only by issuing S8 shares to cover their payroll and paying some vendors probably. That's why the share count continually rises each quarter so dramatically, even though we see no increase in sales revenue. Not a good picture. And charts don't cover that part of the story.
It appears the CFO got stock options and turned around and sold them. Why would the company CFO do that if the company is anticipating increasing their value through new technology and more sales of their flash storage? Just wondering.
Say, haven't we heard this message before? Like every year for the past four years? So maybe they now want to package up all their liabilities with a handful of assets and spin it off to some unsuspecting company, or worse, investors? And they talk about moving the company forward in 2014 and 2015, but perhaps they forgot that they need to improve their sales about 150% just to get to a breakeven point in revenue versus expenses. And they want us to believe that they can accomplish this incredible increase in sales when they haven't been able to do that year over year for the last three years. Management must be dreaming, ...... and drinking. Oh how easy it is to get one's spirits up with some news announcement, only to find out when you review the data, it just doesn't add up to expectations. Oh well. That's just ERFB for ya. Wishful thinking.
Ridge, somehow I didn't think it was legal for one individual to be able to completely control a public company. Any ideas, from anyone?
Two things. Supposedly they have issued hundreds of thousands of covertible shares that will dilute the market, and they have probably issued another few hundred thousand shares to cover their payroll to certain employees and probably even some vendors. So look for the Q in mid May to reflect a lot more shares outstanding. At least that has been their MO for the past few years.