why would a major touch a near BK company with a GOING CONCERN? Too much risk. Even Honda does not use them for all lines and has a second source.
You also assume that competitor products also don't save money like JM's products. They are probably just as good but they are not willing to take a 16% margin like CDTI is. The only reason CDTI saves Honda money is because CDTI agreed to a small margin. 16% margin is a joke. Even if CDTI did every car and line at Honda they would still lose money.
Their license agreement with TKK also looks like a joke at 4%. How can CDTI make money at 4%?
coin certs are about 80K BELOW last yr at this time. At $20/coin, a $1.6M shortfall. Some of that will be made up because they rose prices again. Another wildcard is the Pogue collection. It was announced in early January that PCGS was grading that set. Did they actually grade it in January or was it done last year? The set is estimated at $200M. Just a few hundred coins but the best all-time set. PCGS gets 1% for coins of that value or $2M. Probably cut a deal and got $1M. So does that one deal make up for the volume shortfall? Still don't know exactly when they got those coins and graded them. Could have been last quarter.
Hard to therefore estimate revenue. The price rise and Pogue could give them FLAT coin revenue. But volumes are down by more than 10%. How will the street look at that? Something is off in that coin certs are down so much. They increased the dividend so they must have confidence. Not sure what to think here. I certainly don't like falling volume. No stock rises when volume decreases except the cigarette companies.
We have incurred losses and have not experienced positive cash flows from operations in the past, and our independent registered public accounting firm expressed substantial doubt about our ability to continue as a going concern in their reports on our financial statements for the periods ended December 31, 2014 and 2013. Our ability to achieve profitability and positive cash flows from operations, or finance negative cash flows from operations, could depend on reductions in our operating costs, which may not be achievable, or from increased sales, which may not occur.
We have suffered losses from operations since inception, and we had accumulated deficits of $191.1 million and $181.7 million as of December 31, 2014 and 2013, respectively. Additionally, we have historically operated with negative cash flows from operations. We had operating cash flow deficits of $9.9 million and $0.4 million for the years ended December 31, 2014 and 2013, respectively.
Any required additional funding may be in the form of debt financing or a private or public offering of equity securities. We believe that debt financing would be difficult to obtain because of our limited assets and cash flows as well as current general economic conditions. Any additional offering of shares of our common stock or of securities exercisable for or convertible into shares of our common stock may result in further dilution to our existing stockholders.
with the US able to produce much more oil then before and sourcing the rest from Canada and Mexico, maybe we should ask why we need a reserve at all?
there are only 3 companies with AAA rating; JNJ, XOM, MSFT. Not even the USA has a AAA rating any more. That tells you what the agencies think of the JNJ debt load.
so who to believe, a guy who has been invested in this company on and off for almost 8 years or some other guy who has never invested in it and has a history of bad calls?
but that gross profit and revenue is being lost in the retrofit market. So it is a non-event. they are still losing money this year. Even if they get the Honda Civic line.
who cares about fleet deal? $5M in sales for DuraFit for 2015 is such a small number. That's not even a business
bought 500 more shares under $10 today in the first half hour. Don't think the company is allowed to buy in the first 30 or last 30 minutes of trading. So this is just shorting
wow, this was the guy who was touting WG at $18 and saying he was loaded to the gills at that price. Lost 90%. I think he had a large part of his portfolio in at at the time too
PARIS--French police raided the Paris offices of Uber Inc. as part of a criminal investigation that could shut down one of the car-hailing company’s main services, exposing the continued backlash in Europe despite the company’s efforts to soften its combative image.
More than 25 investigators--including armed officers--on Monday raided Uber’s new offices on the northern outskirts of Paris, part of a preliminary inquiry into the legality of the cheaper Uberpop service, which uses drivers without professional licenses, the Paris prosecutor’s office and Uber said.
Police interviewed top Uber managers, seized mobile phones given to drivers, and downloaded documents that could serve as evidence in a potential criminal case against Uber for operating Uberpop, they added. A new law in France makes operating such a service punishable with a EUR300,000 fine and two years in prison.
They have been continually raising prices with a new price increase in January. Maybe that finally tipped the scales. Maybe the HSN's and Coinvaults didn't ship large amounts of Silver Eagles at the start of the year. No big Mint promotions. Aging collector base. Who knows? Does it matter? They publish the numbers. Why would you buy when numbers are low? Do what you want. If some squiggle on a chart tickles your fancy bone, then buy. I go by the numbers
hmm. didn't read that yet. Pretty low. Why bother? Even if they got all of the Honda lines, they still wouldn't be profitable.