A student of the markets, I started trading in 2008. Always learning and improving my game, becoming more consistent everyday. I mostly trade penny stocks on OTCBB/PINK and TSX Venture. I also sell options in blue chip companies and biotech special events plays.
Since the penny stocks are so inefficient, you can find some real good trade opportunities, such as this one I will outline below in the time & sales. Buying for 0.35 and 0.55, selling within a few days for gains up to 1000% return on investment.
Although I had bids at those prices, in this case I wasn’t the one who got those shares at 0.35 and 0.55 (they avoided my order), but sometimes you get those shares too. Just gotta hold your hat out and see what you get.
From the perspective of a “long” position into this company, I’ve highlighted “red flags.” The share structure as seen above, authorized shares and outstanding shares are very important to review. In this case, the company has 1,000,000,000 shares authorized and only has 213,676,990 outstanding presently. However, the company will be allowed to sell common shares, or pay off debts using company shares all the way up to the 1,000,000,000 authorized share amount; this company has a setup to dilute shareholders a lot, this is a major red flag if you’re looking at this company from the “long” side. You can also use this information and know that if this company were to ever rise up to a share price that would be worth selling short, you would most likely want to short sell a company with such a dilutive share structure.
The company has also done a 1 for 40 reverse stock split, this is also very common practice for dilutive companies to do, which isn’t good for shareholders.
The next thing I will do is review recent SEC filings. Specifically the 10-Q and 10-K. I https://www.otcmarkets.com/stock/VAPE/filings I will compare a few 10-Q reports, the current quarter and the previous quarter before this and compare the outstanding share amounts, checking if there is a change in the outstanding share amount. If the O/S amount is increasing from quarter to quarter, this means the company is potentially paying for services or compensation using common shares or warrants, etc. I will search muse through the filings, looking for dilution warning signals such as “options” “warrants” “convertibles” “promissory notes” debt, is the company paying for services using common shares and/or convertible debentures – this is terrible for shareholders in the long run. You’ll want to avoid these types of companies from the “long” side (but great for short side if the price is high enough).
So in the 3 month period the company issued 291,063,704 additional shares! HUGE RED FLAG
If you search those above 10-Q reports for the other dilution warning keywords that I mentioned earlier, you will see that VAPE has a lot of convertible notes payable, this will really hurt shareholders in the long run, you pretty much want to avoid companies like this from the long side, it’s like playing with fire, you’re going to get burned eventually.
Due to the bad oil market in the past years, this individual oil stock has fell off the radar from the majority of retail traders. This play is still early, and the crowd doesn’t know about it yet. However, that said, there isn’t too much time left to get into this one before it moves much higher on what will likely be a very fast breakout move towards $0.20 per share. My 1st target is $0.20, although looking at the 5 year chart, I can see it moving all the way to $2.00 per share eventually. This company is currently trading with a 1 million market cap. Investors getting into this chart here, are looking at an easy multi-bagger opportunity in the recovering oil industry. Let me know if you want to know the stock ticker of this chart. Follow me on twitter @DazeTrader and send me a direct message.
Common Stock / Status : SuspendedSEC Reporting – Delinquent
Pink No Information
SEC Suspension of Trading
May 10, 2017
OTC Disclosure & News Service
Washington, D.C. –
U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 80638/ May 9, 2017
The U.S. Securities and Exchange Commission (â€œCommissionâ€ ) announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on May 10, 2017 and terminating at 11:59 p.m. EDT on May 23, 2017:
Ciralight Global, Inc. (CGHA)
GS EnviroServices, Inc. (GSEN)
Parabel, Inc. (PABL)
The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they had not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act").
The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies.Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these companies that have been subject to a trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5777. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Group of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings.
$PABL 10-K (Annual Report) not updated since Dec-31-2012. SEC filings are very old, is it possible the SEC could permanently halt trading in this stock, due to the severe delinquency?https://www.otcmarkets.com/stock/PABL/filings
Parabel_INC entity Status INACTIVE, REVOKED FOR ANNUAL REPORT.
Formerly=PetroAlgae Inc. until 4-2012
Formerly=Dover Glen, Inc. until 1-2009
Formerly=Voxel until 9-2008
Note=6-98 company filed petition under Chapter XI of the Federal Bankruptcy Code. Chapter XI case converted to Chapter 7 on 8-3-98 and all assets transferred to Chapter 7 Trustee in settlement of all outstanding corporate obligations. Case was closed on 5-14-02. The company is the successor company to the company that was in Chapter 7 bankruptcy and has been inactive since 8-3-98
PABL Security Details
Market Value1 $294,032,008 a/o May 01, 2017
Authorized Shares 300,000,000 a/o Dec 22, 2008
Outstanding Shares 106,920,730 a/o Aug 12, 2013
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 80,713 a/o Dec 22, 2008
Par Value 0.01
Island Stock Transfer
Shareholders of Record 379 a/o Mar 30, 2012
Capital Change=shs decreased by 1 for 85 split. Pay date=09/24/2008.
Petroalgae: $1.8 Billion Market Cap With No Revenues
Jun. 1, 2011 7:51 AM ET|4 comments| About: Parabel Inc. $PABL, Includes: $AMFW $REFG $XOM
Petroalgae (PALG.PK) has a current market cap of $1.8B, net debt of $57M, total assets of only $4M, and last 12 months’ net loss of -$38M. Petroalgae has not generated any revenues since inception in 2006.
Management is well compensated. The CEO’s 2010 salary was $486k, and five other senior managers earned over $200k. Five senior officers also received an $11.4M accelerated stock vesting in the fourth quarter of 2010, although that was based on the current high stock valuation.
Petroalgae is developing a process to produce bio-fuels from algae and other micro-organisms. In open-pond bioreactors, the company or future licensees grow aquatic microorganisms at accelerated rates, enabling the production of two end-products: a fuel feedstock that can be used in refineries, and secondarily, a protein that can be added to animal or human food.
Biofuels have a lot of potential. It is a renewable energy source that is in ample supply. As fossil fuel supplies may diminish in the decades to come, biomass fuels (converting bio-waste to energy, or algae to energy) become more attractive.
Petroalgae’s stock hit an all-time high of $33 back in 2009, when Exxon Mobil (NYSE:XOM) announced that it would spend $600 million to study the feasibility of algae-based fuels, although none of those funds have been directed towards Petroalgae. Since then, Petroalgae has announced some corporate partners, most notably Foster Wheeler (FWLT), although monetization of these agreements have not yet occurred. In fact, one recent licensee, requested a refund of its $2M escrowed license fee, which was refunded in January 2011.
NOTE 3. GOING CONCERN – The Company is still in development stage and has not created sufficient revenue to cover any operating losses it may incur. Management’s plans include the raising of capital through the equity markets to fund future operations, seeking additional acquisitions, and generating of revenue through our business. However, there can be no assurances the Company will be successful in its efforts to secure additional equity financing and obtaining sufficient revenue producing contracts. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
As of March 30 , 2017, there were 126,740,708 shares of common stock, par value $.0001, outstanding. With the last close price at $8.25, this makes the market cap $1,045,610,841 (1 billion dollars).
Above is GREI 1-year-daily-chart, 04-18-2017.
Our other administrative expenses for the year will consist primarily of transfer agent fees, bank and interest charges and general office expenses. The professional fees are related to our regulatory filings throughout the year and include legal, accounting and auditing fees. The equipment purchases and plant set-up are related to the materially definitive agreement with Jiangnan.
Based on our planned expenditures, we will require approximately $5,000,000 to proceed with our business plan over the next twelve months. If we secure less than the full amount of financing that we require, we will not be able to carry out our complete business plan and we will be forced to proceed with a scaled back business plan based on our available financial resources.
We intend to raise the balance of our cash requirements for the next twelve months pursuant to our agreement with Jiangnan by accessing upon request bank loans, bank guarantees and equity funding. Additionally, we may have private placements, shareholder loans or possibly a registered public offering (either self-underwritten or through a broker-dealer). If we are unsuccessful in raising enough money through such efforts, we may review other financing possibilities such as bank loans. At this time, other than our agreement with Jiangnan we do not have a commitment from any third-party to provide us with financing. There is no assurance that any financing will be available to us or if available, on terms that will be acceptable to us.
Even though we plan to raise capital through equity or debt financing, we believe that the latter may not be a viable alternative for funding our operations, as we do not have sufficient tangible assets to secure any such financing. We anticipate that any additional funding will be in the form of equity financing from the sale of our common stock. At the close of 2016, we are considering financing arrangements for our common stock. However, the arrangements are not final and we cannot provide any assurance that we will be able to raise sufficient funds from the sale of our common stock to finance our operations. In the absence of such financing, we may be forced to abandon our business plan.
On December 31, 2016, management conducted an evaluation of the effectiveness of our internal control over financial reporting and found it to be not effective subsequent to filing our Annual Report on Form 10-K for the year ended December 31, 2016 with the Commission. Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Management has concluded that the Company’s internal controls over financial reporting are not effective. The material weaknesses identified relate to the lack of proper segregation of duties and the lack of sufficient qualified accounting and other finance personnel with an appropriate level of U.S. GAAP knowledge and experience. As we obtain additional funding and employ additional personnel, we will implement programs recommended by the Treadway Commission to remediate the material weaknesses.
Item 2. Description of Property.
The Company maintains an office at 4700 Homewood Court, Suite 100 in Raleigh, North Carolina, 27609 as its headquarters. It is currently in the process of scouting and researching locations for a facility in China. The North Carolina office is leased from Yilaime Corporation, a Nevada corporation doing business in North Carolina, and a related party to the Company. The North Carolina office consists of a 1000 square foot office space. It presently houses all eight employees of the Company and is being leased for $2,500 per month from Yilaime. The China location, once established, will serve as a manufacturing location. (Between Feb 13, 2017 to Apr 14 2017, the employee amount has changed from 8 employees to 1 employee.) http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11873632 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11996256
Securities Authorized for Issuance Under Equity Compensation Plans
The Company agreed to issue Mr. Perkins, or his authorized designee, an option to purchase up to 5,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Employment Agreement, i.e. prior to 365 days after execution of the Employment Agreement, at a price of 1.5% per share of the closing price of the Company’s stock quoted on a major exchange or OTC Market one business day before purchase, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option are subject to all rights and lock-up restrictions set forth in the Employment Agreement.
Clean Seed is at the forefront of an agricultural shift to unparalleled high definition seeding technologies. Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder(TM), which is an industry first!
The ground-breaking CX-6 SMART Seeder(TM) creates a new niche within the large-scale farm equipment market.
The document image seen below is showing 13 investors who have purchased a total of 3.4 million common shares at a price of $0.30, for a total investment amount of $1,032,500.70.
Also check out this article: How Clean Seed’s Wireless Smart Seeder is Set to Disrupt Agriculture. Posted on MARCH 13, 2017 by LOUISA BURWOOD-TAYLOR
Fundamental Research Corp maintains their BUY rating and fair value estimate of $1.90 per share.
View their full research report here: http://www.cleanseedcapital.com/files/analystcoverage/reports/fundamental-research-corp-research-report-clean-seed-capital-group-csx-march-2017.pdf
Clean Seed Capital
New Report Maintains
Investment from New U.S. Distributor / Targeting Australia
Fundamental Research Corp – Report Highlights:
We maintain our BUY rating and fair value estimate of $1.90 per share.
Clean Seed Capital Group Ltd. (“company”, “CSX”) announced last month that it entered into a distribution agreement with a Montana, U.S. based distributor of agricultural equipment to demonstrate and market the company’s CX-6 SMART Seeder.
CSX and the U.S. distributor intend to finalize their distribution plans and set-up a demonstration program in the fall.
In our initiating report in November 2016, we had mentioned that a distribution arrangement in the U.S. would be one of the key catalysts for CSX’s shares in 2017. Shares are up 26% since we initiated coverage.
Made significant additions to its management team and advisory board since the beginning of the year, providing a strong signal to the market that management is gearing up for a strong 2017.
Announced the closing of a $1.03 million financing by issuing 3.44 million shares at $0.30 per share. The new distributor and advisory board members were key subscribers.
We believe Clean Seed’s technology will be highly attractive for M&A opportunities once sales ramp up and the market gets to see users’ feedback on the CX-6 Smart Seeder.
*see back of report for rating and risk definitions
About Clean Seed:
We have developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems.
Our most advanced and innovative technology is the CX-6 SMART Seeder™, a true industry first. The CX-6 SMART Seeder™ is the next generation of seeding technology that creates a new niche within the large-scale farm markets, and as the creators of this technology, we are uniquely positioned to dominate this new market niche.
Recent news from the company:
February 23, 2017 – 9:00 AM EST
Clean Seed Capital Group (TSXV: CSX) Enters the United States Market Through New Strategic Alliance and Closure of Associated Investment
February 23, 2017 / TheNewswire / Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has entered into a distribution partnership agreement with Torgerson’s LLC (“Togerson’s”) to bring its CX-6 SMART Seeder(TM) technology to the United States through 1) an exclusive dealership arrangement for Montana and North West Dakota 2) the creation of a CX-6 SMART Seeder(TM) demonstration centre and 3) providing a base for further expansion into other key US markets.
Torgerson’s is a respected family owned and operated business first established in Ethridge, Montana in 1912. Torgerson’s has grown into a 4th generation farm implement dealer with 8 locations throughout the farming belt of Montana. Montana annually plants 20 million acres of crop for commercial production across 28,000 farms. It ranks 1st in the US in dry peas and lentil production, 2nd in the production of barley, and third in wheat production. The annual value of the major crops grown in Montana is $2.2 billion US.
The Company is working with Torgerson’s to finalize its distribution plans and to set-up a demonstration program planned for the fall of 2017 and beyond. As part of the dealership agreement, Torgerson’s will be purchasing CX-6 SMART Seeder(TM) units to be used for its customer demonstration programs. Torgerson’s operates a 12,000 acre family farm which will host the Clean Seed demonstrations.
In parallel with entering into the agreement with Torgerson’s, the Company has closed a non-brokered private placement for 3,441,669 common shares (“Shares”) of the Company at a price of $0.30 per Share, for gross proceeds of CDN $1,032,500.70 (the “Offering”) to facilitate its expansion plans into the United States and ongoing operations in Canada. Both Torgerson’s and the Company’s recent appointments are strategic participants in the associated investment. There were no finders’ fees associated with the private placement. All Shares to be issued pursuant to the Offering will be subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply under foreign securities laws.
Graeme Lempriere, CEO of Clean Seed, stated “I would like to welcome the Torgerson family to our growing roster of collaborative partners and investors. This 4th generation family-owned, Case IH farm equipment dealer is a strategic entry point into the United States for our organization. The Torgerson’s family values and ethical footing have cemented them as a respected leading dealer network in the region. Their commitment to our program for the CX-6 SMART Seeder(TM), in both financial and operational aspects, is greatly valued and synergistically dovetails with our Canadian distribution partner, Rocky Mountain Equipment.
As the world’s attention becomes ever more focused on feeding a growing population, enormous amounts of investment are flowing into agriculture, propelling a technological evolution. Clean Seed takes enormous pride in playing a historic catalytic role.
We predicted that one of the powerful keys necessary to unlock significant progress in precision agriculture would be absolute, precision driven seeding technologies that plant inputs accurately to the square foot. We accomplished just that by designing, patenting and developing the award winning CX-6 SMART Seeder(TM), the world’s most advanced seeding technology. The evolution of this technology has been made possible by attracting industry experts and collaborative partners. We look forward to working with our latest partner, Torgerson’s, to advance our technology awareness initiatives and to launch our equipment in the USA!”
Brion Torgerson, CEO of Torgerson’s, stated “We are excited to partner with Clean Seed! Clean Seed’s technologies are the future of farming and is a great partner for our company in driving innovation in crop production. Since 1912 we have been committed to bringing the best technologies to our customers and incorporating those technologies into their practice. With the addition of the CX-6 SMART Seeder, the future of farming will be at Torgerson’s!”
ON BEHALF OF THE BOARD
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. Forward-looking statements herein include, but are not limited to, statements with respect to the future manufacture and sale of equipment. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, there is no assurance the manufacturing and sales targets outlined herein will be met; and readers should not place undue reliance on forward-looking statements. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Copyright (c) 2017 TheNewswire – All rights reserved.
Source: TheNewsWire (February 23, 2017 – 9:00 AM EST)
March 29, 2017 – 5:23 PM EDT
KWF:CA 2.65 0.96
Today 5d 1m 3m 1y 5y 10y
Knightswood Financial Corp.: Unaware of Any Material Change
VANCOUVER, BC–(Marketwired – March 29, 2017) –
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Knightswood Financial Corp. (TSX VENTURE: KWF) (the "Company")
At the request of IIROC, the Company confirms that management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.
The Company has previously announced its intention to investigate opportunities in various industries including the cannabis industry; and confirms that it is in advanced negotiations for several transactions, but no agreements have been reached, and there is no assurance any contracts will be entered into.
About Knightswood Financial Corp.
The Company is an investment company that seeks to provide investor returns through dividends, investment fees and capital appreciation.
ON BEHALF OF THE BOARD
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
For further information, please contact:
Knightswood Financial Corp.
3030, 650 West Georgia Street, Vancouver, BC V6B 4N7
Phone: (604) 428-8450