Another rather discouraging story. Essentially it reminds us that since the separation processes are so complicated and environmentally dangerous, China continues to dominate the 9 steps between mining rare earths and producing something with the material. However, industry authority Dudley Kingsnorth estimates that China's share of world production could slide to 63% (from the current 86%) by 2016. This trend began in earnest 3 years ago when China shocked high technology industries by tightening export control over this group of 17 elements increasing their prices up to ten-fold. This begat huge investments by both Molycorp and Lynas to develop separation plants resulting in heavy regulation impediments, protests and huge cost overruns. In Molcycorps case, it still sends almost its mined materials to its processing facilities in China. The good news is U.S. defense contractors and the Aerospace Industries Association point to a September U.S. Congressional Research Report that said "most rare earth materials' processing is performed in China giving it a dominant position that could effect world-wide supply and prices."
Hopefully, they'll actually consider the content of their report and support this industry in its endeavors.
So, the partner, Star Minerals, has to complete the compliant study and we can just sit back and concentrate on the Steen mine for the next 2 years or so while holding 49% interest in Hoidas. What's not to like? I'll tell you what's not to like- our share price and lack of absolute progress in South Africa. Most of us have been patiently waiting for something of true consequence for a number of years now. It's time for meaningful and revenue related things to occur in 2014.
schizo- now I'm set to go. Stopped by the largest beer distributorship in my county and asked about Gosling's Ginger Beer. He said they had other brands but not Gosling's. I mentioned I was an investor and since I was buying a case of Samuel Adams he said he'd look what the deal is with Gosling's. Found out they sell it in Wilmington, Delaware (just over Pa. line and only 20 minutes from me. We still have thus outdated beer distributor license system and can't buy it by the case in grocery stores or elsewhere. That's OK- I'll fill up my gas tank cheaper there and avoid any taxes in tax-free Delaware. It'll be kind of nice to drink some of my investment.
Accolades to LLTI for finally upgrading the outdated website. That said, somebody please explain to me the legitimacy behind the LaserLock web phrase, "A global leader in the fight against counterfeit goods." To be a leader, doesn't a company need to have even a modest stream of revenue indicating that others beyond those sitting in your own boardroom would agree with that description? The other peculiar statement in the Vision and Mission page reads, "Our client list is confidential at the request of our clients and as a matter of company policy." This portends a few things. First, it does NOT preclude making available information concerning the value and duration of contracts in a name-generic fashion. Secondly, it provides an awfully "secure" way of avoiding any investor information gathering effort to determine future movements in share price. Thoughts?
Hey Magro and rest of the regular posting crew. No, it's not me selling any shares yet as I plan to wait until the spring of next year to make any moves. While severely disappointed by the lack of anything concrete as far as sales contracts go, I'm thinking the P/R release that accompanied the CFO hiring must be more than pure #$%$. It made things sound like they were a bit on the upswwing- much different than what sounded much like the dreaded "going concern: type statement issued just a short time earlier. Anyway, I agree that the at will employment status for the new CFO (heck, I'd make it for advisory board members too so they can earn their stock options) makes good sense. $125K plus what is probably $20K or so benefits package is probably reasonable IF HE UTILIZES HIS SKILLS TO MAKE AN APPRECIABLE DIFFERENCE. The stock options will garner him $75,000 on the 1st 12-month tranche and the same after 24 months so the present optimal value of his contract is just under $300K. He certainly has a personal incentive to make things work.
Tradester- you're a riot! Think about what you just indicated- a stock selling at $.0011 or 1/10 of a penny. To think this company has any life in it is- well, it's just a a bit of a stretch. Let me ask you guys something if you're willing to be helpful. The ex-CFO of your company, Ed Weisberger, has been hired as CFO of a company I've invested in, LaserLock Technologies. Can anyone provide any feedback on his performance as CFO at Igene? My research on him is what brought me to your company website.
schizo- I tried around the Philly area and no one carries it. I wanted to try the concoction they advertise. Either way, I'm happy with my investment so far.
Morning frnk. If you're right on that it's a sad commentary that a person would make a series of trades that just garner around $750 a trade minus cost basis and trading fees. Personally, I'm in a quandry here. At first, I thought the announcement of the new CFO would be a good thing. Now the new poster on our site- hank whatever his name is- has brought up some disturbing details about the guy. I did my own research and have confirmed what he states. Mr. Weisberger doesn't seem to have a career steeped in success to date. My fear is that his recent experience is guiding his latest (apparently he left Igene in 2011 after 10 years of service) company into a non-reporting, pink sheet financial status. Another company he worked with previously filed for bankruptcy. So, what will his true role be with LaserLock, pre-bankruptcy prep work? I determined to give LLTI until early 2014 to announce something of consequence before I take tax loss selling action steps. Surely they have to announce some sort of revenue producing contracts soon or the press release surrounding the hie of Mr. Weisberger is all B.S.
We're sprinting away from the competition. $.0644 to start the day. Good news has no apparent impact on share price. Seemingly the only positive outcome would be an acquisition by a large player at, if we're lucky, around $.20 or so. Of course, if there is a sudden demand for rare earth resources (but it's sure been taking awhile for this scenario to develop), and we can finally project an actual "no changes" timetable for mining operations, things might actually change for the better. The thing is I was hoping for these outcomes 2 years ago or so. As it stands, I'm looking to utilize capital losses of my holdings during 2014 to qualify for an ObamaCare subsidy via MAGI income. A sad state of affairs when that appears to be the only advantageous aspect to holding shares.
I',m voting for #1 because, at least temporarily, I have a renewed and rejuvenated faith in LLTI's forward looking statements when they announced his hire. I choose to believe that the sales and marketing people have been laying the groundwork for an explosive 2014 and a critical con in that engine was a CFO with diverse experience. Now, if there are no revenue announcements prior to year's end i'll start to get a bit concerned again but, in my estimation at least, the recent P/R coming out from LaseLock is world's better than the recent SEC filing.
So you're saying that the BOD who usually approve CFO hirings either didn't do their due diligence or were "OK" with this appointment, right? I'd like to think there are numerous candidates that would have made a good CFO hire and we were selective in our process. Perhaps the most salient point would be why Mr. McPherson stepped down in the first place freeing up the position.
Seemingly, any legitimate company with the caliber of BOD and advisory board members that LLTI has assembled would take a serious look at the background and qualifications of its potential new CFO choice before a hiring decision is made. Can you prove otherwise?
Today Laserlock announced the hiring of a new CFO. This puts in the rear view mirror the untidy separation of the previous CFO who on 10/16/2013 "ceased to be associated" with the firm. Here's the details:
"We are thrilled to welcome Ed to the LaserLock team," said Neil Alpert, Chief Executive Officer. "His wide breadth of financial and accounting experience is particularly well suited to the current and future needs of our company as we look forward to STRONG GROWTH in 2014." Weinberger has vast experience as a Certified Public Accountant with over 20 years management of experience. His past work includes time in senior positions at Iogene Biotechnology, a public biotech company, and Deloitte and Touche, among many others. He has significant experience in financial modeling, strategic planning, financial forecasting, budgeting and SEC compliance. "I am excited to bring my skills and experience to LaserLock, where I see a company that is quickly on the rise," said Weinberger. "LaserLock is solving some of the world's most pressing counterfeiting and identity fraud problems. I am excited to be part of that and insure that the company is in strong financial position as it confronts those challenges and embraces the challenges before it."
OK- I'm back on the side of support for this management team and would simply hope that some of the advisory board members and other insiders would set an example of buying these incredibly cheap shares. If they did even I might add to be inflated holdings.
As noted, in 2013 Dr. Frost acquired 3.5M of his shares at a cost of $.05/per. Meanwhile Interim CEO Dr. Jane Hsaio bought 26M shares for the same $.05 price. So at today's closing price, Dr. Hsaio has made a handsome profit of $7.28M. Oh, to be an insider and aware of exactly what the company's plans are. I do find something a bit curious and maybe someone can explain. I've noted that the revenues have been receding rather drastically in the last 3 years. FY 2011 had $743K in sales, FY 2012 had $250K and FY 2013 merely $109K. Granted the sales/marketing/administrative costs were down but that's because we had limited inventory to even sell. Does anyone else see an issue here? I'm thinking that maybe they are looking to be acquired for their impressive knowledge and whatever patents they may have in the field of non-invasive diagnostic devices/software to address the pulmonary and sleep disorder fields. Our founder, Dr. Sackner, has been recognized as a titan in the field of COP and sleep disorders. Surely, there must be hidden value in the shares or all would have bailed by now. As it turns out, the only person who appears to have been doing any selling is Dr. Sakner but I would hope that's based upon tax and prudent diversification concerns.
Increase of dividend for Q4 2013 to $.25 projected to 6.66% at a $15 level and 5.9% at $17. Pretty good and industry leading. Just got a solid credit analysis and fleet upgrade, what's not to like? At this price point, we are a better investment than AYR which sits at a peak with a lower dividend.
as we slowly dip deeper into the morass of approaching the 52-week low (after good news too).
norjoa- they cut off most of my post as Comcast is very spotty today. What I attempted to say was that with our recent volume increases of 2% or so on top of the 4.9% rate increase we'll be OK due to the Orion efficiency improvements. I thought it was great to have a driver post positive feedback about it since often a major change like this is hard to adapt to. I should point out that with the discounted rates for larger shippers, the 4.9% might actually be closer to 3.5% to 4%. Either way it should prove interesting to sit back and watch FDX report their quarter ending in November just before Christmas while we report our full peak season Q4 with the advantage of an Orion roll-out and see how margins compare.
Wait a minute- up 20.7% on one 100 share trade??? How exactly does that work? Manipulation maybe? No listed bid/asks anywhere near that level yet there it is. I'm not sure which is more irritating- the market makers or the lack of revenue makers (our management).