On Jan 7th, I gave you an alternative to BLGO, which I believe is massively overvalued.
On that day, RCKY was 10.39.
BLGO was 44 cents.
Now, RCKY is $12.88+ an 11 cent dividend= $12.99 or +25%.
BLGO is 31.8 cents, down 27.7%
A 52.7% difference in under 3 months.
Ive demonstrated that BLGO spends heavily on pumping the stock and Ive proven at least 4 of the pumpers here also pumped MHCC to zero.
BLGO has a long history of what I consider grossly misleading press releases.
It pays heavily in shares and cash to tout the stock. None of the bullish posters here are even remotely credible.
I believe BLGOs entire purpose in its 14 years is to provide a cushy living for the insiders. That happens at the expense of shareholders.
How many more years of failure do you need to see ?
How many more hundreds of thousands should be spent on hype ?
Our cash requirements are significant. The failure to raise additional capital will have a significant adverse effect on our financial condition and its operations.
From time to time, we issue stock, instead of cash, to pay some of our operating expenses. These issuances are dilutive to our existing stockholders.
Our stockholders face further potential dilution in any new financing.
Our stockholders face further potential adverse effects from the terms of any preferred stock which may be issued in the future.
There are several specific business opportunities we are considering in further development of our business. None of these opportunities is yet the subject of a definitive agreement and most or all of these opportunities will require additional funding obligations on our part, for which funding is not currently in place.
The cost of maintaining our public company reporting obligations is high.
We expect to incur future losses and may not be able to achieve profitability.
If our technology or products incorporating our technology do not gain market acceptance, it is unlikely that we will become profitable.
Our common stock is thinly traded and largely illiquid
A few years ago, they were pumping the puke out of Odor No More.
Now, they have pretty much given up on it.
My opinion is they will NEVER earn money. Just like they have not for 14 straight years.
Still waiting for the SEC to come down on at least the paid touts.
Interesting how you don't comment on the 4 touts who pumped MHCC into the ground while also pumping BLGO.
That just happened to pump the #$%$ out of both BLGO and MHCC which is a zero now.
The odds of that happening if they were not paid touts are astronomical.
Meanwhile, the 10k came out, another $5 million in losses for the year. And a continuing going concern clause.
You would think the paid touts would at least try to cover their tracks better.
Its so obvious.
I encourage everyone to actually READ the 10k. Word for word.
The 10k is reality. Their press releases, not so much.
There isn't one right now, but since they had them every 3 years, they might have another around April 18.
No guarantee of course.
And the tender will almost certainly be pro-rated unless you own 100 shares or less.
Interestingly, biglari has never tendered a single share.
yahoo wont accept links.
Which announcement are you looking for ?
sec dot gov,, search ITEX. Should be an 8k.
You can also look up dividend history and see their last dividend was 10 cents on 11/27
He went from 9.44% to 5.38% and probably participated in the tender.
He sold about 56% of his holdings.
I sold about 90-95% of my holdings at higher prices.
This is not negative at current prices. It just shows he was smart and sold high.
I think the chances of anyone wanting to deal with the NOL nightmare would be very low.
But as long as they pay us all the cash, if someone wants the shell, why not ?
if the NOLs had value, someone would have bought this company long ago.
EDCI reminds its stockholders that effective January 25, 2013, EDCI has closed its transfer books. Since that time, certificates representing shares of our Common Stock are not assignable or transferable on the Company's books except by will, intestate succession or operation of law, and the Company will not issue any new stock certificates, other than replacement certificates. Transactions effected on the Pink Sheets or otherwise are not, accordingly, legally transfers of EDCI stock.
I wonder if this means FUR can continue to trade ?
Looks like EDIN will hopefully be paying out their remains soon. (after a lawsuit)
Due to the pending appeal related to an indemnity claim from the City of Phoenix against another of the Company's subsidiaries, the Company will not be evaluating a distribution until such time as that matter is resolved. Oral arguments for the appeal occurred on March 9, 2016.
I don't have the share count handy, but Id say we have a good bit of upside left from the current 41 cents assuming no big loss in the lawsuit.
I compute 64 cents per share assuming $200k for the indemnity issue. (And I have no idea of the amount its claiming)
Mar 21, 2016 0.035 Dividend
Nov 19, 2015 0.035 Dividend
Sep 15, 2015 0.035 Dividend
Jun 24, 2015 0.035 Dividend
Feb 23, 2015 0.035 Dividend
Jan 20, 2015 0.05 Dividend
Aug 28, 2014 0.05 Dividend
Jun 18, 2014 0.05 Dividend
Mar 6, 2014 0.05 Dividend