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.
At the time of this news release today, LEXG has had a trading range of 0.0006 to 0.0009 with the VWAP of $0.00073 on 91,212,877 shares traded. So in today’s PR when the company announced reducing conversion discount by 50% and in consideration of the significant reduction in debt, each fund will receive two new warrants, which will have a conversion mechanism 300% and 400% above today’s market price! So a simple calculation would suggest that the conversion prices are equal to $0.0021 (0.0007 x 300%) and $0.0028 (0.0007 x 400%). What this tells me is that LEXG will need to trade at or above 0.0021 and 0.0028 in order for the debt holders to begin converting their debt into shares. At today’s market price of $0.0007, I think that we are in for a good ride to the upside! I have written about $LEXG in the past being a potential 10 bagger stock investment potential, and I still believe this to be true.
Here is the official PRESS RELEASE:
Lithium Exploration Group Announces 50% Reduction in Conversion Feature of Existing Debt Eliminating More Than Four Billion Shares of Dilution
Published: Aug 7, 2017 12:00 p.m. ET
PHOENIX, August 7, 2017 /PRNewswire via COMTEX/ — PHOENIX, August 7, 2017 /PRNewswire/
Lithium Exploration Group Inc. (USOTC: LEXG) announced today that it has come to terms with two major debt holders to restructure all of their convertible notes, reducing conversion discount by 50%. In consideration of the significant reduction in debt, each fund will receive two new warrants, which will have a conversion mechanism 300% and 400% above today’s market price. The collective view of the company and the debt holders is that Lithium Exploration Group is in a significantly better position than it has been in the past and the heavily dilutive terms of the debt were not sustainable for the company or its shareholders.
“This is exciting news and should show everyone the level of confidence that the debt holders have in the company’s current position,” commented CEO, Alex Walsh. “They have conceded a significant portion of their debt rights in return for warrants that produce a significant incentive to see long-term price appreciation in the LEXG security. This restructuring truly has all parties incentivized in the same direction and should show significant benefit to our existing shareholders for a long time to come.”
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on testing the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.
This news release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Rule No.1 is never lose money. Rule No.2 is never forget rule number one. Warren Buffett
I’m no genius, but I’m smart in spots, and I stay around those spots. Tom Watson
Whenever you find yourself on one side of the majority, it’s time to pause and reflect. Mark Twain
“Gambling promises the poor what property (or option selling) performs for the rich—something for nothing.” – George Bernard Shaw
“The only limits in your life are those that you set yourself.” – Celestine Chua
“I am convinced that life is 10% what happens to me and 90% of how I react to it.” – Chuck Swindoll
“I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.” – Warren Buffett
“Skate to where the puck is going.” — Wayne Gretzky
“I believe that the public wants to be led, to be instructed, to be told
what to do. They want reassurance. They will always move en masse,
a mob, a herd, a group, because people want the safety of human
company. They are afraid to stand alone.” – Jesse Livermore
“Risk comes from not knowing what you are doing” — Warren Buffet
“I just wait until there is money lying on the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, “I just lost my money, now I have to do something to make it back.” No you don’t. You should sit there until you find something. — Jim Rogers in Market Wizards
“Wide diversification is a hedge against your lack of knowledge.”
Some see things as they are and ask “Why?” I dream things that never were and ask, “Why Not?” — George Bernard Shaw
The Chinese character for wealth is composed of two symbols: a seashell (an ancient symbol of trade) and a symbol that literally translated means brilliance but implies the uniqueness that each of us has, in terms of a talent or ability. Wealth therefore comes from selling what is unique about you in terms of a product or just you as a person, although money itself is a mystery, whatever best expresses your brilliance will inevitably lead you to wealth, it will free you from poverty and give you a mindset that attracts abundance.
Source: Chin-Ning Chu – Thick Face, Black Heart The Asian Path to Thriving, Winning and Succeeding.
‘By Diligence and Perseverance The Mouse Eat The Cable In Two / Diligence Is The Mother Of Good Luck; And God Gives All Things To Industry.’ An Illustration based on Benjamin Franklin’s ‘Poor Richard’s Almanac,’ c. 1732. January 01, 1753 Licence
The one who follows the crowd will usually go no further than the crowd. Those who walk alone are likely to find themselves in places no one has ever been before. Albert Einstein
$LOCMQ Bankruptcy Case Closed – DISMISSED!https://www.pacermonitor.com/public/case/8549734/Local_Corporation,_a_Delaware_corporation
Wednesday, May 24, 2017
619 court Close Bankruptcy Case Wed 3:04 PM
Bankruptcy Case Closed – DISMISSED. An Order dismissing the above referenced case was entered and notice was provided to parties in interest. Since it appears that no further matters are required that this case remain open, or that the jurisdiction of this Court continue, it is ordered that the case is closed. (Daniels, Sally)
Related: [-] 1 Voluntary Petition (Chapter 11) filed by Debtor Local Corporation, a Delaware corporation,20 Meeting of Creditors Chapter 11 & 12,122 Notice filed by Debtor Local Corporation, a Delaware corporation, 153 Hearing (Bk Motion) Set,156 Notice of Hearing filed by Creditor Fast Pay Partners, LLC,213 Transcript,306 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation,310 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation,322 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation,340 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation, 351 Hearing (Bk Other) Set, 362 Hearing (Bk Other) Continued,386 Transcript, 392 Hearing (Adv Other) Continued, 394 Hearing (Bk Other) Continued, 547 Hearing (Adv Other) Continued, 591 Hearing (Bk Other) Continued, 592 Hearing (Bk Other) Continued, 614 Hearing (Bk Other) Continued
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)
I have been keeping my eyes on the MOS stock chart from day to day. If you look at the daily chart you can see a very wide range from top to bottom. The buyers have held the support in the lower range, and I’m sure the recent positive Q316 earnings also helped it. The company has also been upgraded to Buy from CLSA.
Now if you consider that the daily chart has proven good buyer support, and now take into consideration the MOS seasonal chart, you will see why I am looking to put on some bullish trades and investment in this company.
After Hours Quote: $ 1.38 -$6.96 (-83.45%) due to news. Obviously “bad news” ….. i guess… as per the market’s reaction, but for the stock to drop 87% ?!? I bought some shares at $1.35 in after hours market. Trading in the stock closed at $8.34 today in regular hours and closed at $1.40 after hours.
All-time data, monthly chart below. Note the 52 Week Range: $4.075 to $10.70.
CLICK ON THE IMAGES BELOW TO VIEW FULL SIZE RESOLUTION!
Below is a 1 year daily chart where you can see the drop from $8.34 down to $1.40. I also have plotted the option implied volatility which you can plainly see a run-up from mid July 2016 95% to current date Sept 15 where it peaked at 248%. The higher the implied volatility, the higher the cost of the options. I also added the option open interest which plots the call and put open interest in the $NVAX options market.
In addition, here is the historical and implied volatility from the OIC.
Today there was a total of 18,524 options that were traded before $NVAX distributed their news. A total of 9,435 calls vs 9,089 puts making the put/call ratio a balanced 0.963. The majority of today’s options volume came from the October expiration, and secondly the September contract.
An interesting point I will make is that it looks as if the NVAX market was not expecting the stock price to drop this far! If you notice there is hardly any options traded below the $4 strike PUT contract, in other words nobody was interested in buying downside protection or insurance in fear of a downside move in the stock price. I’ve outlined a red rectangle around the option strikes that had the most trading activity today to make it easier to follow. Basically you can see that nobody thought NVAX was going to plunge the way it did today.
Below is the NVAX option time & sales showing the largest option trades that occurred today, along with the last 15 minutes of option trades before the close.
The final chart is a 3 minute chart plotting the after hours trading activity.
UAPC (United American Petroleum Corp) is a 100% real revenue producing company and a SEC audited filer with and OS of 321,867,909 shares with an AS of 750M. Float is around 250M minus the insider restricted shares. UAPC has NOT diluted even 1 share in almost two years if you go back and check all the 10k’s. Additionally, and more importantly, there are NO convertible notes whatsoever in the company’s 10k’s anymore. The importance of this is that there are NO forces of diluting MM’s working against the trading public.
As of Jan 1, 2015, we estimate the UAPC net proved reserves to be about 118,660 barrels of oil. Projected future cash shows a discounted net present value of $2,025,090. (*see the document on the page 5 or click on the link above.) Lets do some Math: Current Market Value of UAPC is the following on the close of market Friday, Sept. 4.
UAPC Security Details Share Structure 321,867,909 x .0011 = $354,055 a/o Sept 4, 2015
In our opinion, the company is severely UNDERVALUED based on proven documented 3rd party Oil Reserves alone. The company is revenue generating and improving rapidly in its operating losses dramatically over the last few quarters and approaching profitability. THIS COMPANY HAS OVER $2M in SEC certified and documented OIL RESERVES and has a current market value of only $354K. The FAIR MARKET VALUE at the very least if nothing else is being negotiated or being made public in more well/lease acquistions should be at least approximately .01 the very least based just on oil reserves.
Revenue: Last 6 months: (from the 10k)
Results of operations for the six months ended June 30, 2015, as compared to the six months ended June 30, 2014
Revenues . We had total revenues of $291,802 for the six months ended June 30, 2015 which were generated from oil and gas sales of $286,702 and well operating revenues of $5,100. This was a $18,580 or 6% decrease from total revenues of $310,382 for the six months ended June 30, 2014, which were generated from oil and gas sales of $305,282 and well operation revenues of $5,100. Barrels of oil per day produced (BOPD) increased to an average of 42.85 BOPD from 19.29 BOPD for the six months ended June 30, 2014.
Net Loss. For the six months ended June 30, 2015, our net loss was $180,650 as compared to a net loss of $459,597 for the six months ended June 30, 2014, an improvement of $278,947 or 61% from the prior period.—-APPROACHING PROFITABILITY
Cash on Hand: $189,208 Total Cash & Receivables: $223, 207
Discussion: UAPC hit a high almost .005 back in late May on relatively light volume and for the most part declined on small volume as well mainly due to traders moving money to more active stocks in the summer duldrums and perhaps the decline of oil prices may have been a detriment as well. However, oil prices have bottomed out and are beginning to rise again as most analysts agree bottom is in there and should see prices moving back up. See- chart for crude oil prices: http://www.dailyfx.com/crude-oil
Here is the most important fact that everyone needs to realize. I scrubbed every filing back for the last few years in UAPC. The pps
back in 2013 as you can see on the chart was over .12. The reason for the decline in the pps was the conversion of several convertible notes that the company used to pay off some long term debt. It severely hurt the stock price, but I guess it’s a necessary evil if you have no cash to develop your business plan. However, as you can see now this company is growing nicely and has about $200K CASH in the bank and $2M in proven oil reserves now, but the market has overlooked that. Convertible debt kills the stock price of a company, but it also hides the true value of it until its realized my the market. That is what needs to happen with UAPC and imo it will. The decline of oil prices has not helped here over the last few months, but that is on the upswing as well.
Finally, if you look at where their oil/gas well and leases are you can see they are right in the middle of where the big
boys are playing. Here is picture of it. Notice the names of the big oil and gas companies.
Key Operations Facts
• 17 Projects (Producing)
• Almost 5,000 Acres
• 10 Counties
• 60 Wellbores
United is presently providing operational services for numerous oil and gas leaseholders in 10 Counties Statewide, covering almost 5,000 acres, containing 60 existing wellbores with many offset drilling locations identified. Including Lavaca, Frio, Gonzales, Caldwell, Jackson, La Salle, Pecos, Bastrop, Erath, Parker, Shackelford, Pecos, Lockhart, Duval, Medina, Wilbarger, Navarro, Archer and Victoria counties. We are exploring opportunities to increase both the size and locations of our operations portfolio.With our years of experience in the region, we pride ourselves on our ability to perform any duty needed in the oil field, including, but not limited to:
• Title and leasing
• Lease work
• Pumping and gauging
• Geology and geophysics
• Reserve estimates
• Overseeing work-overs
• Re-entries and drilling
• We can also perform enhanced recovery such as water floods and gas injection and a wide array of other industry specific tasks.
Major Players in the Texas Eagle Ford Shale Field
UAPC listed in STANDARD & POOR’S MARKET PROFILE: –>
Click link below… how any penny stocks ever list here…hardly any shows how credible this company is.
United procures assets in one the nation’s foremost energy producing states – Texas.
Producing and operating amongst industry giants such as EOG Resources (Mkt Cap 28.11B*), Devon Energy (Mkt Cap 25.92B*), Noble Energy (Mkt Cap 17.78B*), Cheasapeake (Mkt Cap 14.38B*) and Cabot Oil and Gas (Mkt Cap 6.69B*) UAPC is ideally positioned for rapid organic expansion.
United has 8 main projects, but also owns interests in many other projects.
Our operating division performs outsourced oil and gas services to other oil and gas companies. With our portfolio of well operations, we believe we have a secure, reliable source of income providing a stable base on which to build.
Please click on the links to the left to read about our specific projects.
I have labelled $LEXG a potential 10 bagger… why? Well, if you have purchased shares recently near $0.01, as you can see from this annotated stock chart, reaching $0.10 per share would not be too far of a stretch. Are you ready for the Fibonacci retracement bounce?
I #heart $IQ.V #technology #stock on #TSX Venture.
Common Shares: 28,928,947
Insider Holdings: 20,566,937 from Sedi
In 2011 the company did a 40:1 rollback on around 100 million shares. 1,581,926 shares of that are still held by insiders.
Total Assets: $1,283,000
Total Debt: $1,198,000 (Mostly Accounts Payable & Deferred Revenue)
Revenue after 9 Months: $2.02 million
Net Profit after 9 Months: $150,000
What I really like is that IQ is working with Mosaic Capital(M.V) which is a much larger company that likes to takeover companies in multiple sectors. They own 18% of IQ and recently had their loan paid back by that company.
AirIQ is located in Pickering, near Toronto, Ontario, Canada, and trades on the TSX Venture Exchange, under the symbol IQ.
AirIQ offers an end-to-end wireless solution which allows customers to manage mobile assets on a cost-effective basis. AirIQ combines the power and economics of four proven technologies and offers them as one easy-to-use solution. AirIQ integrates the global positioning system (“GPS”), wireless cellular networks, digitized mapping databases, computing intelligence and connectivity / content offered by the Internet, in order to offer a complete suite of services to a diverse set of customers. These services enable a person who is managing a fleet of vehicles to access vital information or remotely control their assets from their own computer or telephone. AirIQ’s customers are able to locate, manage, monitor, control, protect and communicate with monitored vehicles in real time.
Wireless services are best known in the context of cellular voice services that allow people to communicate “anywhere and anytime”. AirIQ uses the concept of wireless mobility services to connect devices and machines. The provision of such services for “stationary machines” is called Telemetry; whereas the provision of such services for “moving machines” is known as Telematics.
Specifically, “Telematics” is the wireless communication of information and control messages to and from mobile devices or assets. AirIQ offers its services by way of an application service provider (“ASP”) business model, specializing in Telematics. Telematics services offer high value to those markets that benefit from a high level of visibility, security, efficiency, safety and utilization.
Third Quarter Highlights: The main highlights of the quarter were as follows (with comparisons made between the 3rd quarter of 2014 and 3rd quarter of 2013):
• Revenue improved by 12% or $69 to $670 from $601; • Achieved positive EBITDAS (earnings before interest, taxes depreciation and stock-based compensation) of $79 representing a $132 improvement;
• Achieved net income of $44 representing a $227 improvement;
• Expenses (excluding stock based compensation) were down 38% or $118 from $429 to $311;
• Achieved positive cash flows from operations of $85 representing an improvement of $258;
• Recurring revenue was $478 with a gross margin of $342 or 72%; • Achieved positive working capital of $75 representing a 177% improvement;
• Established a revolving demand facility with the Royal Bank of Canada to support the Company’s growth initiatives.
Most recent news:
AirIQ repays $100,000 debt owed to Mosaic Capital
2015-02-26 15:10 MT – News Release
Mr. Michael Robb reports
AIRIQ ANNOUNCES REPAYMENT OF OUTSTANDING LOAN
AirIQ Inc. has repaid the outstanding amount due on its loan to Mosaic Capital Partners LP.
In December, 2013, the company entered into a credit facility with Mosaic and executed a promissory note in favour of Mosaic in the amount of $100,000. The loan had a maturity date ofJune 17, 2015, and bore interest at a rate of 15 per cent per annum, calculated daily and payable monthly in arrears. Interest only was payable on the loan on a monthly basis, and the loan was secured by a charge over all of AirIQ’s property and assets, subordinate to the company’s bankers.
“The loan was due for repayment in June of this year, but the board decided to repay it early given the company’s strong fiscal performance to date,” said Michael Robb, president and chief executive officer of AirIQ. “There was no penalty associated with prepayment, and the early repayment will allow the company to save on interest expense and strengthens the company’s balance sheet,” continued Mr. Robb.
“We appreciate Mosaic’s support and assistance in helping the company to meet its goals and objectives.”
Following this repayment, the company is no longer indebted to Mosaic, and is now free of all long-term debt.
This is my favorite chart setup for a potential breakout to the upside. There is a 1 million share bid at $0.025 offering strong support. Last Friday they took out the 336,500 offer at $0.027. This company is in the medical marijuana space. Provided the 0.025 bid can hold, this is a good entry area for a 100% gainer in the very short term.
I have been accumulating ENDO near the $0.025 bid for the past week or two and it is on my immediate watch list for a potential long breakout.
As of May 31 2013 there is currently 67,886,647 shares outstanding. http://www.otcmarkets.com/stock/ENDO/profile
Yahoo Finance gives ENDO an enterprise value of 2.99M as of Oct 7, 2014. http://finance.yahoo.com/q/ks?s=ENDO+Key+Statistics
So for ENDO stock price to be trading at the current enterprise valuation, the share price would need to go up 76% from current levels to a stock price of $0.044. I think the current risk to reward presented by this market is an excellent opportunity.
Nevermind the fact that Omnicanna Health Solutions, Inc. $ENDO is a stock in the medical marijuana industry. From what I hear a lot of investors are accumulating these types of stocks going into the 2014 fall/winter season (see below for further proof of this).
Hello members. Our “WEED” Trade plan is almost here. We have
already taken a couple positions that we have successfully converted to
FREE shares. Good job on that.
Let me get started with a small description of what we will be
Elections are coming upon us quickly. On many of those ballots,
there will be marijuana legalization ballots for many many states. Some
will be just for medical marijuana
and some will be for recreational marijuana. We plan on taking advantage
of this. With the massive success and revenues that Colorado, California
and a couple others that have already legalized weed, I feel that many
more states cannot deny the potential for revenue from this industry.
Therefore, we should see many states jumping on board.
The trade plan is to start buying a handful of “weed” stocks and
converting them to “FREE” shares as often as possible. When I say
convert to free shares, we sell only what we put into the stock +
commissions and hold the rest of shares. As we do this multiple times
from now until mid to end of January, we should be able to accumulate a
crapload of shares that cost us absolutely nothing. So for example, (we
will use ERBB since we already converted 50%). We buy ERBB at .012 and
it makes a run to .018. We now have 50% profits. We would sell 60% of
our shares giving us our initial entry and commission back and holding
the remainder of shares for the long term. Then ERBB pulls back to
.012 again. We grab again and it runs to .018 again. we sell that same
60% and we just added to our first set of freebie. Now we have even more
free shares. Rinse and repeat.
We will be doing this on a few of the weed stocks. We will start
very soon and play these not only into the elections, but well past
them. Here is why. As these states legalize weed, that vote does not get
implemented until Jan 1st. Now the more the states that legalize, the
better these will run. Then after Jan 1st we start seeing the revenues
from said states. We will be out of ALL of our FREE shares no later than
Jan 31. Every single year weeds run into electiona and sell off in Feb.
Last year we sold all weed stocks at the perfect time. After my sell
alerts on everything, They all dropped and never recovered. Happens
Now how much do we buy? How many different stocks do we play? This
all depends on your account size. If you have a smaller account, you may
just want to enter 2 or 3 max. there could be times when we have
positions in 8 different stocks. Depending on your portfolio size is the
amount we drop into each trade. We DO NOT want to go all in here. IF you
only have a $500 account, then you may only want to put $250 into each
trade. That way you can play at least 2 stocks. I think $250 is minimum
buy in when converting to freebies. even a 10% win on that particular
trade will still get you out even. IF you only put $100 you would need a
good 20%+ just to break even. Also 10% stop loss would only be $25 with
a $250 trade.
If you have a good sized account, I wouldn’t put any more that $1K
into each trade. keep in mind if we in 8 trades at once, thats still $8K
into them. NEVER go all in. NEVER. We will have a couple that will drop
on us. Hopefully we will have free shares when that happens and it won’t
I will be putting out a detailed list of stocks that we will be
trading. I will also be putting with each stock a complete Due Diligence
Report with financials, product and such.
Sometimes we will run into a trade that we only get 10-20% on
before it starts pulling back. trades like that, we can just sell all of
just that particular play on the stock and put a couple bucks in our
pockets. It would be great to have a couple stocks where we accumulate
1M shares or more and they run to .10 That alone would be $100K per
stock. Sounds great. That is our goal. Will it be reached? I hope so.
So stay tuned for upcoming emails (very soon) Hoping to have first
couple stocks with DD released to you guys this week or weekend. Its a
crapload of work for me, But you guys are worth it.
Hope to see you in chat. Our chat numbers are starting to increase
again with summer almost over.
Thanks, Steve aka Sneeb