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Tucows Inc. Message Board

dee_ocotillo_man 7 posts  |  Last Activity: Feb 17, 2015 9:25 PM Member since: May 20, 2000
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  • Reply to

    Earnings this week I hope

    by dee_ocotillo_man Feb 10, 2015 2:05 PM
    dee_ocotillo_man dee_ocotillo_man Feb 17, 2015 9:25 PM Flag

    Regardless of the good results it's hard to see the stock going up. (They need great results to do that). If there were ever any "take private" plans I guess they have to wait until the 1.57m C-Motech shares can be returned to C-Motech and then purchased by FKWL. A profitable company with an enterprise value at around $2m seems really, really cheap. Especially given the fact that they had almost $4m in "cash flow" from operations in only 6 months. (Which is why I wonder about the "take private" deal but what do I know).

  • dee_ocotillo_man by dee_ocotillo_man Feb 10, 2015 2:05 PM Flag

    Hopefully FKWL management aren't superstitious and release earnings on Friday the 13th rather than next Monday. And wow, wouldn't it be nice to hear something on the outlook of the business rather than the "sales were this" and "earnings were that" type of generic comments from management. They need to knock that off, it isn't funny anymore.

  • dee_ocotillo_man by dee_ocotillo_man Feb 3, 2015 1:35 PM Flag

    HKTV put out a press release Monday, February 2,

    "Hong Kong Television Network Limited (“HKTV”) announced the grand launch of its online shopping mall! Starting with the slogan “We Sell Whatever You can imagine”, HKTV works with more than 333 stores, bringing together the target to be a large scale online shopping mall. Signifying by extremely wide variety of products, official distribution of brands at official prices, consumers can enjoy shopping at ease as much as they can"......"Since the trial run on 17 December 2014, large and small sized stores were opened in phases, marching towards our goal to become a large scale online shopping mall. Creating a new lifestyle and a new way of entertainment for Hong Kong people, are what HKTV lives with".

    In an article it is stated that, "Hong Kong Television Network plans to make its online shopping mall the biggest in the territory within a year. So said chairman Ricky Wong Wai-kay at the launch ceremony for the mall yesterday".

    I have no idea how to value Ricky's "Shoppertainment" vision, but my initial reaction is skepticism. I would rather HKTV be granted a FreeTV license, and that may still happen. (With ATV struggling to even pay it's employees why wasn't HKTV granted a license in the first place?) But on the bright side, as they wait for a license, at least they have some sort of business venture going right now, and maybe it will surprise me on how well Ricky is able to execute his plan.

  • Reply to

    I get so tired!!!

    by ggray1956 Jan 20, 2015 9:27 AM
    dee_ocotillo_man dee_ocotillo_man Jan 22, 2015 3:55 PM Flag

    Miners haven't tracked the price of gold lately, don't really know why that is. Over the past 12 months GLD is up 2.5 percent, PPP down about 19 percent. If gold doesn't falter, PPP could be a good bet for 2015 if they hit their projections, a great bet if gold keeps trending higher. I bought some PPP yesterday, might add in the near future.

  • Reply to

    What a mess

    by slipperydevils Jan 8, 2015 10:24 AM
    dee_ocotillo_man dee_ocotillo_man Jan 8, 2015 1:07 PM Flag

    After reading this latest press release I immediately started listening to Firesign Theatre's "Everything You Know Is Wrong" comedy classic.

  • Reply to

    Sadly

    by alslock Nov 29, 2014 10:07 AM
    dee_ocotillo_man dee_ocotillo_man Dec 10, 2014 9:49 AM Flag

    I think they are just going to fit it in this year, DEF 14C filed yesterday evening,

    "The accompanying Information Statement is first being mailed on or about December 9, 2014 to our shareholders of record as of December 4, 2014. The corporate actions described therein will be effected no earlier than the date 20 calendar days following the date on which the Information Statement is first mailed to shareholders".

  • Reply to

    Not a Fraud

    by shealey.und14 Dec 3, 2014 1:40 PM
    dee_ocotillo_man dee_ocotillo_man Dec 4, 2014 5:08 PM Flag

    I've been looking at this for what seems forever. I will only invest what I can afford to lose, at this point that number is zero. I have seen how cheap Chinese executives work and I don't quite believe it...."In 2013, the aggregate cash compensation we paid to our directors and executive officers was approximately RMB5.4 million ($0.9 million), the total social insurance contributions made for our executive officers was approximately RMB212,000 ($35,000) and the total share-based compensation was approximately RMB1.0 million ($0.2 million).....Except as disclosed above, no other compensation or benefits in kind were paid or granted to our executive officers in 2013". (p.51 of 2013 form 20-F)

    They don't break out the salaries individually but merely state that in total all of their directors and executive officers made $0.9m which is kind of ridiculous. They must have other ways of extracting value from this company but how would you or I know? They might be nice guys but then again what if they are not. You said it yourself, "There were lawsuits but they dont get anywhere because its China".

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