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Claymore/AlphaShares China Real Estate Message Board

rogerabc100 28 posts  |  Last Activity: Dec 16, 2014 12:44 AM Member since: Nov 27, 2005
  • rogerabc100 by rogerabc100 Dec 16, 2014 12:44 AM Flag

    Valuation

    1) Liquidity Services, one of Forbes 2013 'America's 100 Fastest Growing Tech Companies.' was flying high two years ago, with a stock price above $64 per share. Since then they have lost part of Department of Defense contracts. The stock has fallen more than 68% just in 2014. I believe now's the time to buy in to this as a wonderful long-term opportunity. Insiders are buying as well. In April and May the CFO and CAO purchased $1.8 Million in stock, buying in around $13 per share.

    2) LQDT has a market cap of $220 Million, is debt free and sells for less than 8 times prior (2012) peak earnings.

    3) At an estimated Intrinsic Value of $16.50 per share ( based SA intrinsic value), LQDT offers more than 50% potential upside.

    4) Liquidity Services believes they are still in the early days of growth, with multiple large markets still in the early stage of online adoption. They estimate the online surplus management market may be $150 billion, with LQDT still representing revenues of $440M which just 0.3% of the $150 billion market.

  • 1) End of year tax selling is almost over and investors accumulate for "January Effect" after 70% crash in 2014

    2) Soon LQDT will bring some good news from DOD or municipals to offset the recent bad news.

    3) Short sellers had a golden opportunity to cover at $7.5 and stock has stabilized after 27% crash last week

    4) 27% crash was unjustified for termination of ONE out of 12 contracts with WMT

    5) It is still likely that WMT will renew its contract with LQDT. They are still negotiating to provide better terms to WMT. Investor Relation Officer of LQDT stated today over the phone that negotiation with LQDT are not over and are not final. Call 202-467-6868 and speak with one of two Investor Relation Officers

  • rogerabc100 rogerabc100 Dec 9, 2014 10:52 AM Flag

    It is still likely that WMT will renew its contract with LQDT. They are still negotiating to provide better terms to WMT. Investor Relation Officer of LQDT stated today over the phone that negotiation with LQDT are not over and are not final. Call 202-467-6868 and speak with one of two Investor Relation Officers

  • rogerabc100 rogerabc100 Dec 9, 2014 9:46 AM Flag

    Friday 8-K implies that LQDT still negotiating with WMT, otherwise LQDT would announce lawsuit against WMT for breach of contract. Thy received the termination notice on 12/1/14 and started to negotiate. They released the 8-K on 12/5/14 because shareholders should know about the termination. Meanwhile they continue the negotiation to make WMT happy. Call LQDT and speak with IR officer.

    According to Q3/14 transcript , LQDT should get new contracts from few municipal by end of 2014. Review the transcript

  • 1) Soon LQDT will bring some good news from DOD or municipals to offset the recent bad news.

    2) End of year tax selling is almost over and investors accumulate for "January Effect"

    3) Short sellers had a golden opportunity to cover at $7.5 and start to go long

    4) 27% crash was unjustified for termination of ONE out of 12 contracts with WMT

    5) It is still likely that WMT will renew its contract with LQDT. They are still negotiating to provide better terms to WMT. Investor Relation Officer of LQDT stated today over the phone that negotiation with LQDT are not over and are not final. Call 202-467-6868 and speak with one of two Investor Relation Officers

    6) Friday 8K implies that LQDT still negotiating with WMT, otherwise LQDT would announce lawsuit against WMT for breach of contract.

    7) The extension of the contract with DOD for 2 months implies that LGDT relations with DOD is improving

    8) The fact that LQDT says there will meet the Q4/14 indicates that the contract with WMT is not a major blow

    9) According to Q3/14 transcript , LQDT should get new contracts from few municipal by end of 2014

    10) Crash of oil prices is good news for LQDT because companies will try to buy used equipment to reduce cost

  • rogerabc100 rogerabc100 Nov 30, 2014 6:59 PM Flag

    Beware: HSOL will announce BK in 3 months. China banks are pressuring HSOL to reduce debt.

    China deflation is larger than though. FT article says china deflation is larger than EU zone. Too many global population, new technology and internet are causing deflation everywhere .

  • This is the main reason why Hanwha don't merge these 2 companies.

    In a email to IR, I asked why Hanwha does not merge Hsol with Qcell. IR answered all my questions beside this question. In addition note that HSOl is losing its asset value in last 5 quarters. What if Hanwha is transferring assets quietly from high-debt Hsol to its other companies in preparation for bankrupting HSOL ?

    Ask yourself why HSOl is losing its total asset value in last 5 quarters. check it out

    Please beware. I am not shorting HSOL and don't intent to buy HSOL anymore. I took a huge loss by selling all my HSOL shares , moved to ESI 2 months ago and was very lucky.

  • rogerabc100 rogerabc100 Oct 19, 2014 1:27 AM Flag

    Why analysts were not allowed to participate in the CC of 10/17/14? Why only 4 written prepared questions were answered by CFO and CEO?

  • Pricewaterhouse did NOT sign the 2013 financial statement . Pricewaterhouse sent a letter to ESI board explaining why they CANT sign 2013 FS. Read this paragraph from PWH letter. This is only a letter from PWH to the ESI board. This is NOT a certification of 2013 FS. In the letter PWH explains 5 reasons why ESI did NOT maintain effective internal control over financial of 2013
    ____________________________

    In our opinion, the Company did NOT maintain, in all material respects, effective internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) because material weaknesses in internal control over financial reporting related to (i) the application of consolidation accounting to variable interest entities, (ii) the assessment of the completeness and accuracy of student loan data underlying estimates made in the valuation of the PEAKS Trust student loan receivables, (iii) controls over the estimation and review of contingent loss estimates related to the guarantee obligation under the 2009 RSA , and (iv) the timely identification and communication of information relevant to the private student loan programs to those members of management responsible for the Company’s financial reporting processes existed as of that date. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis. The material weaknesses referred to above are described in the accompanying Management’s Report on Internal Control Over Financial Reporting.

  • rogerabc100 rogerabc100 Oct 18, 2014 8:12 PM Flag

    Pricewaterhouse did NOT sign the 2013 10K . Pricewaterhouse sent a lettre the ESI board explaing why they CANT sign 2013 FS. Read this paragraph from PWH letter. This is only a letter from PWH to the ESI board. This is NOT a certification of 2013 FS
    ____________________________

    Also in our opinion, the Company did NOT maintain, in all material respects, effective internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) because material weaknesses in internal control over financial reporting related to (i) the application of consolidation accounting to variable interest entities, (ii) the assessment of the completeness and accuracy of student loan data underlying estimates made in the valuation of the PEAKS Trust student loan receivables, (iii) controls over the estimation and review of contingent loss estimates related to the guarantee obligation under the 2009 RSA , and (iv) the timely identification and communication of information relevant to the private student loan programs to those members of management responsible for the Company’s financial reporting processes existed as of that date. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis. The material weaknesses referred to above are described in the accompanying Management’s Report on Internal Control Over Financial Reporting. We considered these material weaknesses in determining the nature, timing, and extent of audit tests applied in our audit of the t

  • rogerabc100 rogerabc100 Oct 18, 2014 7:44 PM Flag

    I checked again the 10Q . There are 86 pages and then there the gigiture certification . No auditor signed and certified the 2013 FS.

    You are POS and as usual you are deceiving and cheating. Here is the last page of the 10Q for 2013 FS. Only CFO and CEO signed it
    _________________________________________________
    INDEX TO EXHIBITS


    3.1 Restated Certificate of Incorporation, as Amended to Date (incorporated herein by reference from the same exhibit number to ITT/ESI’s 2005 second fiscal quarter report on Form 10-Q)
    3.2 Restated By-Laws, as Amended to Date (incorporated herein by reference from the same exhibit number to ITT/ESI’s Current Report on Form 8-K filed on July 22, 2011)
    31.1 Chief Executive Officer’s Certification Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934
    31.2 Chief Financial Officer’s Certification Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934
    32.1 Chief Executive Officer’s Certification Pursuant to 18 U.S.C. Section 1350
    32.2 Chief Financial Officer’s Certification Pursuant to 18 U.S.C. Section 1350

  • This is also the reason why there is no settlement with SEC . CFO is a low level accountant who is cooking the books. Look at his Linkedin account. The guy is totally incompetent . He has a BA from a small town collage. In his Linked-in account he is commending a plumber who made a renovation in his own house. He has grammar errors in his own description in LinkeIN account. The PEAKS off-balance sheet is not the only issue that is fraud in 2013 FS. Just read the 65 pages that ESI released for 2013 FS last week

    The auditor Price-Cooper will never sign on 2013 FS and other FS of this fraud company.

  • rogerabc100 rogerabc100 Oct 18, 2014 3:19 PM Flag

    Any rational response why Price-Cooper and ESI chairman did not sign the 2013 FS?

  • rogerabc100 rogerabc100 Oct 17, 2014 5:13 PM Flag

    1) Why Price-Cooper did not sign the 2013 FS?
    2) Why Chairman, who is an attorney did not sign the 2013 FS?
    3) Why CEO and CFO did not mention anything about settlement with SEC in the CC?
    4) Why after 10 months 2013 FS is not audited?

    There are a lot of questions , yet the stock rose 220% in 3 days.

  • CFO and CEO signed because they have no other choice.

  • rogerabc100 rogerabc100 Oct 3, 2014 2:55 PM Flag

    and this will be Monday

  • Reply to

    rogerabc post from August 28th

    by good_ole_bald_balls Oct 3, 2014 1:14 PM
    rogerabc100 rogerabc100 Oct 3, 2014 2:53 PM Flag

    You are not long , you are short. And you changed the content of my post. I did not say FS will be reported Friday.


    She was happy in 8/29 when she answered my questions and she was very happy this morning. We will see Monday morning. If I am wrong I will not post anymore and sell my shares

  • Nicole sounded very happy during conversation with her today.

  • Nicole Elam did not anything specific but clearly was happy and said wait for net week

TAO
21.0301-0.0799(-0.38%)Dec 19 4:00 PMEST

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