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General Employment Enterprises Inc. Message Board

smaycs4 268 posts  |  Last Activity: Jan 31, 2015 8:05 AM Member since: Oct 14, 2011
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    Included in the license from Med Wireless, Inc. were relationships developed by Med Wireless for the distribution of ultrasound machines used primarily by obstetricians. The Company developed a sale and leaseback program and made a public announcement by press release on January 7, 2003, that it received over $7 million in orders that were contingent on obtaining financing for the equipment. The sale and leaseback program was designed to provide inventory financing for the Company. Under this plan, the Company would sell ultrasound machines to third parties who would then in turn lease back the equipment to the Company. The Company then would rent the machines to medical providers at a premium to its cost. The $7 million in orders were comprised of 33 separate orders by third parties for machines at a cost of $224,178 per machine. However, as disclosed in the press release, financing was necessary to complete the sales. The Company also indicated that with financing in place it expected to be able to generate more than $20 million in sales during the first quarter of 2003. This expectation was based on the speed in which we obtained the orders and management's discussions with finance brokers regarding the Company's ability to obtain financing for these orders. Since that announcement the Company spent considerable effort to obtain financing for these orders, including the retention of multiple finance brokers. However, despite these best efforts, the Company has yet to obtain financing for this equipment. The principal reason these orders have not been financed successfully is the Company's lack of credit worthiness. However, the business opportunity related to the ultrasound lease program remains viable and management intends to continue to review financing options and business opportunities related to the ultrasound business when the Company has sufficient credit resources to qualify as a borrower as well as evaluate its practical execution in light of all other business developments in the Company at the time it is financially feasible.

  • smaycs4 by smaycs4 Nov 28, 2014 7:12 PM Flag

    The Company also intends to acquire companies to take advantage of economies of scale and vertical market opportunities as well as pursue similar business opportunities like NuWay Sports.

  • How did Calvert do last time ????



    The Company's products and services consist at the present time of its Player Record Library System, its event management services, and its Ultrasound rental program. Each of these is described below.


    The proprietary Player Record Library System, ("PRLS") PRLS is an electronic medical record and work flow process software application designed to address the highly specialized information technology needs of the sports industry relating to player health. PRLS gathers images electronically, organizes them, hosts them, and distributes them to authorized end users. It is designed to deliver vital player medical information at the point of need. It helps teams comply with the requirements of the Health Insurance Portability and Accountability Act ("HIPAA"). The name Player Record Library System is the creation of Rasheed and Associates and was marketed under that name for approximately 18 months prior to the formation of NuWay Sports, LLC. This name and its use was contributed to NuWay Sports by Rasheed and Associates at the inception of NuWay Sports LLC.

  • NuWay Medical boosts 3-D US rental program

    January 21, 2003 --

    NuWay Medical, a medical device distribution firm based in Laguna Hills, CA, has signed an agreement with Mission Viejo, CA-based KMB Medical Marketing to recruit, train, and supervise sales agents for its 3-D ultrasound rental agreements. The rental program, which features third-party ultrasound devices, is targeted at medical practices and imaging centers that want onsite access to 3-D technology without the high cost of purchasing a system outright, according to the firm.

  • NuWay Sports Forms Strategic Alliance With Think Tank Systems, an IBM(R) Premier Business Partner
    Alliance Allows NuWay to Offer IBM(R) Products

    LAGUNA HILLS, Calif., Feb. 6 /
    NuWay Medical, Inc. (Nasdaq: NMED), announced that Think Tank Systems, LLC has
    agreed to be a technology partner with NuWay Sports, LLC, a joint venture
    between NuWay Medical and Rasheed and Associates. With Think Tank, NuWay can
    now offer a sports team a complete range of IBM(R) products to manage its
    medical records and its trainer to manage his workflow process.
    Dennis Calvert, President of NuWay Medical stated, "Our proprietary
    software package for the user interface and Think Tank's technical expertise
    and access to all IBM products enables a team to track, monitor and process
    all the medical records in a digital format. It also enables the team's
    trainer to manage his workflow processing."
    Chester J. Claudon, President of Think Tank, LLC noted, "We will work with
    NuWay to bundle computer hardware and related components for resale to
    professional sports franchises as part of NuWay's player record library

    NuWay Sports is a joint venture between NuWay Medical and Rasheed and
    Associates, a firm managed by former NFL players. It was formed to customize
    a medical record library system for the entire sports market. The application
    will provide a platform that will automate sports organizations' medical
    workflow processes, making them more efficient, and decreasing their

  • Reply to

    Earnings coming

    by mystk7 Nov 22, 2014 6:50 AM
    smaycs4 smaycs4 Nov 27, 2014 11:19 AM Flag

    Whenever a CEO leaves you have his severance charges and when they are talking about stores that don't meet expectations that usually involves a write down.

    And when they hire a new CEO, he will want to clear the decks with a writedown.

    "we are optimizing our inventory investment and continue to evaluate the profitability of our store portfolio and close those stores that do not justify their expense burden as their leases expire or other real estate opportunities arise.”

  • Reply to

    Earnings coming

    by mystk7 Nov 22, 2014 6:50 AM
    smaycs4 smaycs4 Nov 26, 2014 12:38 PM Flag

    Not good. Expect a large charge.

    But that's already priced into the stock.

    Hopefully sales are not way down.

    PBY is just too cheap. They are going to sell it or fix it and sell it for more. Either way, shareholders win.

  • timsoucy822
    9 posts | Last Activity: 18 hours ago
    Member since: Nov 17, 2014

  • Looks like nearly 1.6 million covered in the last 2 weeks. 12.7 million to go.

    Not sure we can use this to predict future prices but its fun to look at.

    Settlement Date

    Short Interest

    Avg Daily Share Volume

    Days To Cover

    11/14/2014 12,677,832 547,863 23.140515
    10/31/2014 14,265,767 806,900 17.679721
    10/15/2014 14,576,731 515,243 28.290983
    9/30/2014 14,022,746 546,178 25.674315

  • How can they possibly lose so much money for 12 years straight ?

    This is where a paid tout chimes in and says they only lost $10 million in cash over the last 12 years.

    Like that's something to boast.

  • Reply to

    High estimate for year ending Jan 2016=92 cents

    by smaycs4 Nov 21, 2014 10:11 PM
    smaycs4 smaycs4 Nov 25, 2014 11:11 AM Flag

    or to relatives. I never said it was a sign of confidence. I view it as I would him selling.

  • Can BH sell options & collect income that way without disclosing it ?

  • Reply to

    High estimate for year ending Jan 2016=92 cents

    by smaycs4 Nov 21, 2014 10:11 PM
    smaycs4 smaycs4 Nov 25, 2014 1:35 AM Flag

    Im using 90 cents because Im highly confident this man has been around long enough not to overpromise & under-deliver.

    So the estimates are built to be beat.

    And its not going to take massive sales gains to do so.

    He is keeping the bar low so that he can easily scale it. And if he never disappoints, why would the stock tank ?

    I don't recall paying much attention to stocks that have run so far with such a high short interest near year end so it will be interesting.

    Director Willis, who was a past buyer at $8.96 and $12.53 has "gifted" away nearly 3 times what he bought in the open market. About 37% of his holdings.

    Im assuming for tax reasons and that those shares will be sold fairly soon.

    Gross margins were never the big issue here. You're making a mountain out of a molehill.

    Sharper initial price points mean lower margins.

    Hopefully with less future markdowns & higher sales.

  • Reply to

    Stopped out at $21.60 a week back.

    by longtimefollower Nov 20, 2014 11:42 AM
    smaycs4 smaycs4 Nov 25, 2014 1:23 AM Flag

    Well, I think they have guided well. That is, they signaled a lot of low hanging fruit which should drive earnings gains for 5-6 quarters if not longer.

    Disappointing, as in negative SSS or something like that would tank the stock but I just don't see that happening.

    Per yahoo the estimates for the Dec quarter are 44-60 cents with an average of 55.

    I doubt they come in below 50.

    And if everything is on track, I guess it could continue higher.

    Tax loss buying from the shorts prior to year end could drive the stock higher.

    My orders are in waiting to be filled at higher prices.

  • Reply to

    Chairman's Letter seems Elitist and Aloof

    by denn56kk Nov 23, 2014 8:13 AM
    smaycs4 smaycs4 Nov 24, 2014 10:18 PM Flag

    merchandising powerhouse ?

    What products do they have on walmart shelves ?

    I don't recall being any SNS brand products there. Although we don't have a lot of SNS stores in my neck of the woods.

    Maxim is a total crapshoot and he even admits as much.

    Overall,I appreciate a lengthy shareholder letter every year. I just wish they would provide either a streaming feed or a transcript of the annual meeting so that those who cannot travel will not be out of the loop.

    This year, he all but told us the stock was undervalued.

  • Reply to

    Stopped out at $21.60 a week back.

    by longtimefollower Nov 20, 2014 11:42 AM
    smaycs4 smaycs4 Nov 23, 2014 5:35 AM Flag

    Id love to be able to sell out at $25 and $27-28 but the point you have been making for months now is it could fall back despite nothing being fundamentally wrong here.

    On the other hand, what if some of the shorts want to cover for their tax losses before year end ?

    I didn't sell much RCKY at near $20 this time around and it fell back to $13 on me.

  • Calvert has been doing this for 12 years with 3+ businesses and 12 straight years of losses. Almost no revenues.

    My post was removed but its 100% true.

  • Reply to

    Watch out for the pump and dump

    by spambuster444 Nov 20, 2014 1:29 PM
    smaycs4 smaycs4 Nov 22, 2014 3:50 AM Flag

    In fact, I don't see any pumping or dumping on yahoo.

    This is not a scam.

  • Reply to

    Watch out for the pump and dump

    by spambuster444 Nov 20, 2014 1:29 PM
    smaycs4 smaycs4 Nov 22, 2014 3:48 AM Flag

    Except the news seems to be good.

  • There are 8 firms. the avg is 79c cnts.

    Lets use 90 cents. $21.69=24 x next years earnings. Not THAT high given we could be in the early stages of multiple years of sales & earnings growth.

    Say $1.20 the following year and then throw a 30 multiple on it and you've got $30 a share. Discount that by 20% and you have a present value of $25.

    My problem is I don't pay these high of multiples for stocks. So its difficult to hold them.

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