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Creative Edge Nutrition, Inc. Message Board

profiteer1 7 posts  |  Last Activity: Apr 27, 2016 7:34 PM Member since: Mar 12, 2013
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  • Reply to

    down 4.5% on NO NEWS

    by paliuchi Apr 27, 2016 1:35 PM
    profiteer1 profiteer1 Apr 27, 2016 7:34 PM Flag

    I was at work today, so I accessed the UA site on the Yahoo Finance app to find out if there was some news accounting for the drop my broker's website had absolutely no info on it.

    Well, the aforementioned Yahoo app website had a story concerning some rather large insider selling recently going on. 21,500 shares from at least several insiders, if memory serves. Was this selling today causing the downturn (doubtful) or is reaction to this news by others inside the financial loop the reason for the hit (more likely, imo)?

    Something caused it. Was this the reason?

  • Reply to

    52 week high will be breached

    by aadaytrader Mar 21, 2016 9:58 AM
    profiteer1 profiteer1 Mar 21, 2016 7:15 PM Flag

    Agreed.

  • Reply to

    New date re earnings: March 15th

    by profiteer1 Feb 29, 2016 7:17 PM
    profiteer1 profiteer1 Mar 1, 2016 7:24 PM Flag

    Yes. It's an accounting timing thing from the look of it. Now that doesn't mean actual sales have risen/fallen. So, in my mind, it's pretty much a non-event, but I'm keeping my eyes peeled this present quarter for any news of a softening in orders, etc. GL

  • Reply to

    New date re earnings: March 15th

    by profiteer1 Feb 29, 2016 7:17 PM
    profiteer1 profiteer1 Mar 1, 2016 5:20 AM Flag

    Agree. This presents a potential buying opp. Don't see any long-term adverse effect.

  • I thought something like this was up:

    "In February 2016, during the course of the year-end close process, the Company, after discussions with PwC, concluded that the correct way to account for Orbital's percentage-of-completion contracts under GAAP is to "reset" the estimate to completion as of the acquisition date. This means that the Company's accounting for these contracts would be based on the Company's estimate of remaining effort on such contracts at the acquisition date instead of the inception date of the contract.

    The Company is assessing how the underlying accounting errors that caused the Restatement may affect its conclusion on internal control over financial reporting and disclosure controls and procedures of December 31, 2015 and expects to conclude it had a material weakness as of that date as a result of the adjustments to the Restated Quarters. The Company will report on its conclusion regarding the effectiveness of the Company's internal control over financial reporting in the 2015 Form 10-K.

    Due to the aforementioned matters, the Company will not file the 2015 Form 10-K by February 29, 2016. The Company expects to file the 2015 Form 10-K on or before March 15, 2016."

    Excerpt from 8-K posted around 7 tonight.

  • Reply to

    Earnigs were supposed to be pre-mkt today

    by profiteer1 Feb 29, 2016 5:15 PM
    profiteer1 profiteer1 Feb 29, 2016 5:34 PM Flag

    Well, if they screwed up then, most of the time, they post earning shortly are the market closes. Since it's 5:34PM EST, I'm beginning to wonder. Maybe pre-mkt tomorrow...

  • Where are they?

FITX
0.0025+0.0005(+25.00%)May 27 2:03 PMEDT