•Pontiac, Michigan, seeks bids for 220 LED streetlights
•Lyon Township, Michigan, issues RFP for decorative LED streetlights
•Ann Arbor, Michigan, solicits bids for $218,712 LED streetlight program
•Gibraltar, Michigan, seeks bids for post-top LED streetlights
•Trenton, Michigan, selects Sylvania LED streetlight retrofits in $71,163 project
•Mount Pleasant, Michigan, issues RFP for 170 LED streetlights
•Ann Arbor, Michigan, to purchase 500 LED streetlights from Lumecon using $315,968 in EECBG funds
•Ann Arbor, Michigan, issues RFP for purchase of LED streetlights
•Waterford Township, Michigan, to spend $290,000 on LED streetlights, LED parking lot lights, and other outdoor lights
•Washington Township, Michigan, awarded $103,787 for LED streetlights
•Lake Orion, Michigan, to install 92 LED streetlights
•Michigan to award $17.4 million in stimulus funds for LED streetlights
Things should start popping in the LED Business SOON.
Stock volume slowed after 1400hrs indicating the knife has stopped falling and the last 15min. the volume jumped up to the upside. I think NOW is the time to add more shares. Bottom line I think you are right. Tomorrow should be an up day. Lets Hope !
Seems hard to believe this small firm will do the whole job with its limited work force.
I'll repost some of the FACTS again. State Line ONLY set up the DEMO for the LED Lighting. The bidding for the complete job was closed Friday the 21st. If your bid isn't in it's to late ! It's a 3 year project and we should know the winning bid this week (that's my guess not fact). Just because you win the bid doesn't mean you do all the work.There will be sub contracts issued by the main contractor to finish the project in addition to suppliers.
You guys really need to watch "Back To School" !
They have a net of about $9 million, and they're going to the market for additional cash. Whatever it is that they're going to do must be big and important.
They may do nothing at all. It's a "Shelf Regristration" not a public stock offering. A Shelf Regristration means that sometime in the next 3 years they may offer X amount of shares for sale. They can sell all the shares, some of the shares or none at all at any time with a statment that they are going to do it before the shares are sold. Companies do this to save time when they need the capital or shares fast for a merger or some other great deal they want to make fast. No matter how many times they sell shares it's all been filed one time only, S3, with the SEC so they are cleared to go.
The problem is that Shelf Regristration can be a load on the PPS for a long time. More shares outstanding means you shares are a smaller piece of the pie for the "Short Term" but in the "Long Term" it could be a good deal with increased revenues and earnings.
The company that started the street light install in Detriot has 2 people employed there.
The company based in northwest Detroit (Puritan and Greenfield) specializes in repairing and building out the infrastructure of power lines, streetlights and traffic signals. The firm got its start helping reconstruct the eastern seaboard after Hurricane Sandy.
That allowed Coger to add two more work trucks to his fleet, which currently stands at six vehicles. The minority-owned company currently employs two people but Coger expects to staff up to 15 within the next year as he works to land contracts with the likes of DTE Energy and the State of Michigan.
"There is a lot of work out here right now," Coger says. "There is a lot of opportunity. I feel like I can be part of it."
No infor on where State Line gets their materials and products to install for street lighting.
Should have an answer this week as to who the winning bidders are.
This is the first "DEMO" installation by Detroit Line Construction.
They chose to switch to LED lighting to boost efficiency and brightness and add more residential lighting while nixing a plan to move overhead wires underground.
Work is expected to last through 2015 on residential blocks and through 2016 along major roads.
Crews will strategically place 42,200 neighborhood streetlights on blocks that have multiple occupied homes while forgoing lighting for abandoned areas.
The lights will be placed at every corner and in the middle of every neighborhood block that's more than 300 feet long, officials said.
"Everybody's excited," said Thomas. "We needed a win for the community... I've been walking around saying 'Let there be light.'"
The work starts this month in two demonstration neighborhoods, one between 8 Mile Road, Kelly Road, Hoover Street and Houston Whittier Road on the city's east side, the other between McNichols Road, Southfield Freeway, Fenkell Street and the city boundary on the city's west side.
"We're going to be doing the same thing all over both demonstration projects, and then we're gong to be asking residents what they think," said Thomas on Wednesday as a State Line Construction crew installed the light at the corner of Greiner and Hamburg streets on the city's east side.
Duggan said the northwest Detroit-based State Line Construction was chosen for the job as part of a focus on contracting small, local businesses for the project.
The city is currently taking proposals from LED suppliers.
Due to reverse stock split and low float it might be time to monetize the current stock price now.
First a reverse stock spit is NEVER GOOD NEWS. They were forced into that by the Nasdaq because their stock was under a dollar for X amount of days. Second a stock offering is in fact stealing part of the value of a share from the shareholder without any vote or their O.K to do it. Instead of raising capital with bonds or a bank loan just put it on the back of the shareholders who have no say in the matter. The least a company can do if they care at all about their shareholders is use that money they hi-jack from the shareholders to raise revenue and increase profits, not grant stock options and bonuses for the top mgmt. Lets hope ABTL cares about their supporters. Good Luck Longs.
when can we expect some?
Depends when the "kick-back" is in. Didn't you see the movie "Back To School"? Mr. Mellon explained everything on how "real Life" business is done !
YOU HAVE BEEN REPORTED. HAVE A NICE DAY
Oh WOW ! He's BEEN REPORTED ! I bet you scared him ! GROW UP ! Does your mom know you are playing with the computer ?
He had a special gift…he always valued others opinion…I truly was blessed to call this man friend.
Well you never learn anything from him did you ? You can start with learning some matters ! Oh, I forgot, you put me on ignore for asking a question. Have a nice day !
They stated there would be an stock offering but gave no numbers. They said a stock offering will be filed with the SEC and only thing filed was a 10Q and it's not in there unless I missed it. Is the company just sending up a trial baloon or did they just want to combine the miss earnings and the offering at the same time and take only one hit. What did they think they would get per share now. You have a stock offering when you BEAT EARNINGS, hit a HOMERUN, or hit a new 52W HIGH , not when you lost 16% of you PPS value.
They don't have to give a date for the offering but they do have to state a ceiling on the number of shares to be sold.
..SInce the ASX is now lower than the NASDAQ..lets see what Sunday nite EST brings…
I don't understand that statement "ASX is now lower than the NASDAQ" could you explain that and if not could anybody explain that to me. Thanks !
One of the things I like to checkout in a company is their Career Page". Has their hiring increased or decreased. What disciplines they are looking for. Has their been a change in the number of job openings they normally have. Leapfrog job postings have gone from 17 last fall to 41 today , that increase just happen after earnings when it was 19 and that's not all. They upgraded the whole Careers Section in detail showing all the skills they are looking for plus the difference you can make, the "pond parties, Bay Cruise, Summer BBQ's Annual Halloween party. we work hard and play hard ! How about ready to cook meals delivered to you at work. On site gym and LF wellness program. A whole list of Benefits and Perks including a discounted stock plan and Health care. Paid half-days before holidays and a lot more. This is all new stuff to hire the best people. The total employees listed under "Profile" @ Yahoo that always listed 551 employees is now blank.
Looks like they are "making things happen" even if we don't see them. Good Luck Longs!
I'm a long term investors, so what happens this week, next week or next month is irrelevant
A 16% haircut in one day is not irrelevant ! There is a PROBLEM ! They need to take whatever action they need to and fix the problem. Missing 2 cents in one quarter is only part of the problem. The PPS dropping 3 bucks on a 18 dollar stock is not "Meaningless" ! Leading or at the top of the list of today's losers is not meaningless to any investors.
I don't agree that todays drop is "panic" selling. ABTL was $13.70 this month, 10 trading days ago. The PPS was 0.19 from a 52wk high yesterday. You had a 27% gain in 10 days and they come out with a miss and to top it off an stock offering what do you expect. Believe me the loss today could be far worse but for the people waiting to add shares on a pull-back like me but I will wait until the volume settles next week. Good Luck to the Longs !
They didn't miss earnings. Take out your calculator and figure it out.
I'am an Engineer not an accountant. I trust the people that are expert in that field . This very site Yahoo shows a loss of 0.02 from estimates (25%). Bottom line most people say they had a miss and that's really all that counts. Why do you think the stock dropped 3 plus dollars, because they met the estimates ?
Good move but I think you will find it's very hard to guess the tops and the bottoms without catching that falling knife more times than not. One thing you can watch is the volume. When the volume slows down to almost normal then everyone that wanted out is out and most of the day traders are gone. This can take 2 to 3 days to form a base and start to reverse the trend. You may miss some of the upside but you know the knife has stop falling.
As far as the Zacks report, I get their reports as often as they come out, and have not seen any informatio n come through on ABTL. I have not seen any downgrade.
No you don't, the ZACKS reports come out EVERY NIGHT between 0230 and 0300 hrs and you would know that if you were a paying member. ABTL was downgraded in their ratings from #1 to #2. They Missed earnings by 0.02 and there will be a stock offering. These are ALL FACTS,SEC Filings, not opinions. not plans, not dreams, not targets, THERE FACTS ! Wake up and don't try to B....S anybody.
Now that being said I do think ABTL is a great stock for the future but not today. They need a kick in the ..... to get their act together. They need a wakeup call !
Who came up with that idea ? You can bet the offering will be delayed but the damage is already done.
I think stock offerings should be outlawed anyway because the MGMT. Steals value from the shareholder. It would be the same result if the company asked you to send in hard cash instead of the offering the end result is YOU not the company, lose. If they need money go borrow it from the Bank or with bonds or get it from stock buybacks that they could do when times are good.
Not a happy day but I knew it was coming in my 0300hrs post this morning. Another thing, ONLY the company know when those offerings are to take place, but you have no idea ! That is so unfair ! You have no time to prepare but they do.