Uncategorized
UVICF Reports Record Earnings
Unilens Vision Reports Record First Quarter Earnings
First Quarter FY2008 Net Income Increases 22% and Royalty Income Increases 29% From Prior Year
Unilens Vision Inc. UVICF (4.24) develops, licenses, manufactures, distributes and markets specialty contact lenses.
$Volume on the OTCBB for August 2004 was ~ 1.6 billion dollars.
We have not seen such a low monthly $Volume since February
2003. August 2002 holds the record for the lowest monthly
$Volume at ~ 887 million. To put this in perspective Microsoft
MSFT averages ~ 1.5 billion DAILY.
According to an 8/18/04 press release, Biofarm Inc BIOF (.51) did
a reverse merger with Friendlyway Inc.
They have an impressive list of clientele and reported record
revenues for the quarter ending 6/30/04.”FWI is a leading self-
service solutions provider based in San Francisco
(www.friendlyway.com). Since its inception in 2000, the Company
has delivered customer-facing applications for point-of-
sale/service and point-of-information devices to over 250
customers that include Fidelity Invest-ments, Bank of America,
Nike and Marriott Hotels. FWI generates its revenues from the
sale and rental of its systems.
For the year ended December 31, 2003, FWI posted total revenue
of $1.7M, which represented a doubling of its revenue for the
preceding year. For the second quarter ended June 30, 2004, FWI
recorded record revenue of $725,000, an increase of 54% over
revenue for the quarter ended March 31, 2004. FWI anticipates
revenue approximately $1 million for the current quarter ending
September 30, 2004. Of such total revenue, FWI anticipates that
systems sales will represent 90% and that rental revenue will
represent 10%.”
I’ll keep you posted.
George Pessin
GP@Pennyheaven.com
~~~~~~~~~~~~~DISCLAIMER, PLEASE READ~~~~~~~~~~~~~
Please be advised that nothing within this email shall constitute a
solicitation or an offer to buy or sell any security mentioned herein.
All statements made are our express opinion only and should be
treated as such. Nothing in this e-mail should be considered
personalized investment advice. Pennyheaven.com is neither a
registered investment advisor nor affiliated with any broker or
dealer. Any investments recommended in this newsletter should be
made only after consulting with your investment advisor and only
after reviewing the prospectus or financial statements of the
company. We do not accept any paid promotion. Please do your
own DD and trade only what is right for you.
Volume is everything.
We’ve said it before. It’s worth repeating.
July 2004 $volume on the OTCBB was lower than August 2003.
Anyone want to wager that August 2004 is even lower?
http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/dollardata.htm
Pennyheaven Super 7 Index closed the week +15% YTD, our
lowest level since the first week of January.
http://www.pennyheaven.com/performance.htm
We’ve been in a decline since peaking at 98% in April.
The rest of the market peaked a month earlier. As a general
rule we peak later and we correct later. Most people who play
penny stocks are speculators. They arrive only when times
are good and cash is loose. Now you know why taking
profits is so important.
Speaking of Super 7
Janel World Trade JLWT (.65) announced the highest grossing
quarter in the company’s 28-year history and they’re down almost
30% YTD. Go figure.
http://biz.yahoo.com/bw/040812/125099_1.html
Forward Splits
Reverse splits on the BB are very common and occur almost daily.
Forward splits are less common and sometimes worthy of mention.
AirRover Wi-Fi Corp AVWF (.55) announced a 4-1 forward split
with a record date of September 7, 2004.
http://biz.yahoo.com/bw/040826/265298_1.html
IceWeb, Inc ICEW (.48) announced a 10-1 forward split with a
record date of September 30, 2004
http://biz.yahoo.com/bw/040820/205343_1.html
(Please note: This stock is up ~ 50% in the past week. It could fall
again before splitting. Use patience.)
Revenues and Earnings
Communicate.com CMNN (.26) reported record revenues and
earnings for the Second Quarter 2004
http://biz.yahoo.com/bw/040816/165202_1.html
Stockgroup Information Systems SWEB (.285) announced its 6th
consecutive quarterly increase in revenues and the addition of
Mr. Patrick Spain to the Board of Directors
http://biz.yahoo.com/bw/040810/105775_1.html
Mr. Spain is the Chairman and CEO of Highbeam Research, LLC. which
operates an online research engine for individuals. He is also the cofounder
and former Chairman and CEO of Hoover’s, Inc. a leading online provider of
company information headquartered in Austin, Texas. He helped found
Hoover’s (then known as The Reference Press) in 1990, serving as its CEO
from 1993 to 2001 and chairman from 1994 to 2002. During his tenure Mr.
Spain led Hoover’s from an unprofitable private book publishing company
with a few hundred thousand dollars of revenue to a publicly traded
profitable media and business Information Company. Hoovers was bought
by Dun & Bradstreet in March 2003 for US$119 million.
VFinance VFIN (.19) announced its 5th consecutive profitable quarter
and quarterly net income that was 100% greater than the same period last year.
http://biz.yahoo.com/bw/040816/165794_1.html
VFIN is down over 50% from its 52-week high.
Wireless Age Communications WLSA (.97) hit a new 52-week low last
week. They recently announced revenues and earnings almost 100%
greater than the same period last year. Go figure.
http://biz.yahoo.com/bw/040811/115705_1.html
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute a solicitation or an offer to buy or sell any security mentioned herein. Pennyheaven.com is neither a registered investment advisor nor affiliated with any broker or dealer. All statements made are our express opinion only and should be treated as such. We do not accept any paid promotion. Please do your own DD and trade only what is right for you.
Greetings friends, it’s been awhile since I posted. Truth is, there
hasn’t been much to report. The summer doldrums are upon us.
It was the fourth straight down week for Naz, the fifth losing week
for the Dow and the sixth for the S&P 500. Naz is at its worst level
in almost 10 months.
June $Volume on the OTCBB was almost as bad as May
http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/dollardata.htm
and we haven’t even gotten to August yet which in 2002 and
2003 was the low $Volume for that year.
mPhase Technologies XDSL (.28) has been showing an increase
in insider buying lately
http://finance.yahoo.com/q/it?s=XDSL.OB
Click link below to see CEO Ronald Durando giving a 5/16/04 video
presentation to analysts
http://www.wallstreetreporter.com/videos/mPhase.html
mPhase Technologies Inc. develops and commercializes next-generation
Telecommunications and nanotechnology solutions, delivering novel systems
to the marketplace that advance functionality and reduce costs. In
telecommunications, the Company’s mPhase TV+ platform cost-effectively
and reliably delivers entertainment digital television, high-speed Internet
access and traditional telephone service over existing copper telephone
lines. mPhase also offers a growing line of innovative DSL component
products, such as iPOTS, designed to help service providers lower the
provisioning and operating costs associated with DSL. The company is
bringing nanotechnology out of the laboratory and into the market with a
planned innovative long, life power cell.
84,806,295 s/o as of 5/12/04
Web site: www.mPhaseTech.com
QuickLink
More about Naked Short Selling and Companies being listed on
the Berlin Stock Exchange
http://www.investors.com/breakingnews.asp?journalid=22211703&brk=1
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute a solicitation
or an offer to buy or sell any security mentioned herein. Pennyheaven.com is
neither a registered investment advisor nor affiliated with any broker or
dealer. All statements made are our express opinion only and should be
treated as such. We do not accept any paid promotion. Please do your own
DD and trade only what is right for you.
Bad News for OTCBB Bulls
May $Volume was at its lowest level since August of 2003
http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/dollardata.htm
Mini-Scandal on the Berlin Stock Exchange – Hundreds of
OTCBB companies are being listed without consent
http://www.newsobserver.com/business/story/1301471p-7423499c.html
More info re: Berlin Stock Exchange scandal
http://www.globes.co.il/serveen/globes/docview.asp?did=803785&fid=942
Arkona ARKN (.62) announced 4th quarter and fiscal year
results and says growth is continuing at a record pace.
http://biz.yahoo.com/pz/040610/58921.html
ARKONA was the first to offer a true Application Services
Provider (ASP) solution for the automotive industry and
continues to be a market leader in providing innovative
e-business solutions for automobile dealers.
30,331,847 s/o as of 2/12/04
Website: www.arkona.com
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute
a solicitation or an offer to buy or sell any security mentioned
herein. Pennyheaven.com is neither a registered investment
advisor nor affiliated with any broker or dealer. All statements
made are our express opinion only and should be treated as
such. We do not accept any paid promotion. Please do your
own DD and trade only what is right for you.
I’m out fishing until NYSE gets back over 6400
In the mean time, the following posted quarterlies
worth crowing about:
vFinance VFIN (.32) announced their fourth consecutive
quarter of record results and increased cash to ~ $5Million.
http://biz.yahoo.com/bw/040518/185358_1.html
vFinance, Inc. is a holding company engaged in retail and institutional
securities brokerage, investment banking and research services through
its principal operating subsidiary, vFinance Investment, Inc.
33,295,869 s/o as of 5/01/04
Web Site: http://www.vfinance.com
VillageEDOCS VEDO .(20) saw net sales double over same
quarter last year
http://biz.yahoo.com/pz/040518/57762.html
VillageEDOCS is a leading provider of comprehensive business-to-
business electronic document management and delivery services for
organizations with mission-critical needs, including major corporations,
government agencies and non-profit organizations.
VEDO is up 100% YTD.
35,911,544 s/o as of 4/30/04
Web Site: http://www.villageedocs.com.
In the meantime #2
Just to give us something to ponder during the recent downturn
answer me this, which would you prefer, stocks that are down
50% from YTD highs or stocks bucking the trend and sitting
near YTD highs.
Those down 50% include:
Advanced ID Corp AIDO
Adzone ADZR
American Water Star AMWS
Communicte.com CMNN
Eye Dynamic EYDY
Innovative Software INIV
International Trust ITFI
Nanopierce NPCT
Neoprobe NEOP
Providential PRVH
Sense Holdings SEHO
Unity Wireless UTYW
US 1 Insutries USOO
Those bucking the trend:
Basic Earth Sciences BSIC
IceWeb ICEW
Nighthawk NIHK
PDG Environmental PDGE
VillageEdocs VEDO
I’m away the next two weeks.
Next issue 6/13.
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute
a solicitation or an offer to buy or sell any security mentioned
herein. Pennyheaven.com is neither a registered investment
advisor nor affiliated with any broker or dealer. All statements
made are our express opinion only and should be treated as
such. We do not accept any paid promotion. Please do your
own DD and trade only what is right for you.
All major YTD indices are in the red, except us. Pennyheaven
Super 7 has been holding its gains thanks in part to Basic Earth
Sciences BSIC (.50), which hit a new 52-week high Friday on
news of recent drilling activity and continued high prices at the pump.
http://biz.yahoo.com/prnews/040510/lam091_1.html
Insider Buying
KTEL fell back to .10 and guess what happened?
CEO Philip Kives bought more on 5/11 at .10
http://finance.yahoo.com/q/it?s=KTEL.OB
Last time he bought the stock doubled.
We’re on to you, Phil.
More insider buying
eLec Communications ELEC (.14) recently came out of bankruptcy.
http://biz.yahoo.com/bw/040415/155081_1.html
CEO and CFO have been buying shares
http://finance.yahoo.com/q/it?s=ELEC.OB
CEO recently bought 75,000 shares at ~.21/sh
eLEC Communications Corp. is a competitive local exchange carrier
that offers local and long distance calling plans to small business and
residential customers.
16,259,782 s/o as of 4/01/04
Website: www.elec.net
This is going to be huge one day…
Wi-Fi Phones May Help Cut Calling Costs
http://biz.yahoo.com/ap/040510/wi_fi_phones_1.html
FYI
Penny stock with wi-fi phones – Viper VPER (.46)
Its a pink sheet stock so be warned.
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute a solicitation or an offer to buy or sell any security mentioned herein. Pennyheaven.com is neither a registered investment advisor nor affiliated with any broker or dealer. All statements made are our express opinion only and should be treated as such. We do not accept any paid promotion. Please do your own DD and trade only what is right for you.
Super 7 News
HQNT got the E designation due to a late filing.
Being that it is not an isolated case (see link)
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/19/2004&mkt_ctg=OTCBB
and that they announced last week they were applying for AmEx
http://biz.yahoo.com/bw/040415/155403_1.html
I wouldn’t fret too much.
After we sold DLGI we said worst-case scenario the stock
falls to .50 and we’ll think about buying back in. Check this
out, when the stock hit .50 last Thursday, DLGI president,
Keith Nguyen, announced he will initiate personal purchase
of the Company’s stock due to the recent price pullback.
http://biz.yahoo.com/prnews/040422/lath102_1.html
DLGI closed Friday at .67
Way to go Keith.
On the Radar
P-Com, Inc PCOM (.077) announced their fourth quarter of
sequential revenue growth
http://biz.yahoo.com/prnews/040419/sfm101_1.html
They also announced a new product last week
http://biz.yahoo.com/prnews/040421/sfw072_1.html
P-Com, Inc. develops, manufactures, and markets point-to-point, spread
spectrum and point-to-multipoint, wireless access systems to the worldwide
telecommunications market. P-Com broadband wireless access systems
are designed to satisfy the high-speed, integrated network requirements
of Internet access associated with Business to Business and E-Commerce
business processes. Cellular and personal communications service (PCS)
providers utilize P-Com point-to-point systems to provide backhaul between
base stations and mobile switching centers. Government, utility, and business
entities use P-Com systems in public and private network applications.
$6 Million in cash according to latest 10K.
262.4 million s/o as of 3/10/04
Website: www.p-com.com
Nighthawk Systems NIHK (.275)
announced record revenues for the year ending 12/31/03
http://biz.yahoo.com/pz/040422/56252.html
Nighthawk Systems, Inc. designs and manufactures easy to use ‘plug and play’
products that can remotely control virtually any electrical device from any location.
Nighthawk products are easily installed and operated by anyone, regardless of
technical capability. Nighthawk services customers in a variety of markets including
electric utilities, traffic control, computer systems, commercial lighting, and irrigation.
25,534,235 s/o as of 4/07/04
Website: http://www.nighthawksystems.com
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute
a solicitation or an offer to buy or sell any security mentioned
herein. Pennyheaven.com is neither a registered investment
advisor nor affiliated with any broker or dealer. All statements
made are our express opinion only and should be treated as
such. We do not accept any paid promotion. Please do your
own DD and trade only what is right for you.
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GP@Pennyheaven.com
The following are on radar:
BGR Corp BGRR (.27) announced a stock dividend for
shareholders of record on 5/15/04. For every three shares
held an extra share will be issued.
http://biz.yahoo.com/bw/040416/165559_1.html
It is the intention of BGR Corp. to acquire new, innovative, fast-casual and
casual dining restaurant concepts, develop them into a profitable working
design, and franchise them across the country.
22,013,800 s/o as of 2/04/04
Website: www.bgrcorporation.com
FTS Wireless, a wholly owned subsidiary of FTS Group FLIP (.24)
announced its fourth consecutive quarter of revenue increases of
more than 100%.
http://biz.yahoo.com/pz/040415/55877.html
Flip sells next generation wireless products and operates W-Fi hotspots.
24,423,293 s/o as of 3/15/04
Website: http://www.FTSWireless.com
PracticeXpert PXPT (.56) announced net revenues for the
year ending 12/31/03 increased 82%. Diluted net income
in 2003 was .01 as compared to a loss of (.02) in 2002.
http://biz.yahoo.com/pz/040415/55910.html
PracticeXpert, Inc. is in the business of providing “turn-key” administrative
services to, as well as developing and deploying systems, technologies and
services designed to improve operational efficiencies, reduce billing errors
and enhance cash flow for, medical practitioners. Our services revolve around
our flagship Revenue Management System, PXpert(tm), and include medical
billing and accounts receivable management, practice management, transcription,
and consulting. Where applicable, PracticeXpert bundles its technology applications
with its billing and other practice management services to provide a complete
and integrated solution to its physician customers.
23,275,934 s/o as of 3/19/04
Website: http://www.practicexpert.com
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute
a solicitation or an offer to buy or sell any security mentioned
herein. Pennyheaven.com is neither a registered investment
advisor nor affiliated with any broker or dealer. All statements
made are our express opinion only and should be treated as
such. We do not accept any paid promotion. Please do your
own DD and trade only what is right for you.
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GP@Pennyheaven.com
Other than Nasdaq, all major indexes had their worst weekly decline
since September. Pennyheaven Super 7 (2004) had its first declining
week since it began, thanks in no small part to DLGI.
There must something of a Murphy’s Law about selling stocks.
In a down week the only stock going up is the one you just sold.
Where it stands now I don’t feel as stupid as I did last week.
My instincts were correct my timing was terrible. Anytime you
make money its a good trade, however our goal is to buy at the
absolute bottom and sell at the absolute top.
On Friday 3/05, DataLogic DLGI (.88) hit a high of 1.69 (at about
11:15 AM EST) then dropped to a low of 1.01. What it took days
to build disappeared in minutes. If you were on your toes you sold
over 1.50. If you blinked you missed it. Lesson learned – if you’re
into pennies you got to watch them constantly.
BTW, I still think DLGI is a great company and I’m proud to have
it included in the Pennyheaven Super 7. Revenues are increasing,
they got a possible huge deal in China and worst case scenario,
they go back down to .50, I would think about getting back in.
My reason for selling was more technical than fundamental, the stock
went up too high too fast. Also, you always want to sell into a spike and
not after it. You can dispose of shares more orderly and readily on the
way up as opposed to dealing with hordes dumping on the way down.
Another old Wall St saying is “buy when everyone is selling and sell
when everyone is buying” which actually is just another way of saying
what I mentioned last time, the masses always get it wrong.
ClicknSettle.com CLIK (.18) announced an extension to a stock
repurchase program that began in March 1998.
http://biz.yahoo.com/prnews/040312/nyf001_1.html
To date they have purchased 252,498 shares at an average price of
.33/share. Be careful, the spread is .16 x .25. Don’t buy at the ask.
Try to get something in-between.
CLIK is a provider of arbitration and mediation services (alternative dispute
resolution services (ADR) services) and related electronic oversight applications,
principally to insurance companies, law firms, corporations and municipalities.
8.45 million s/o
43% held by insiders
$1.52 million market cap
$1.95 million cash
Website: http://www.clicknsettle.com/
We’ve been talking about International Monetary Systems INLM (.75) since
August 2003 (.49) when they then announced their best revenue month in
corporate history. (They had a another record month in December 2003).
We mentioned them again in November 2003 (.51) when they announced
a stock repurchase program. We mention them again now because last
week they announced a 2:1 forward split.
http://biz.yahoo.com/bw/040311/115353_1.html
IMS is one of the largest publicly traded barter companies in the world and
is continually expanding its exchange locations. The company’s proprietary
transaction network enables companies and individuals to trade goods and
services throughout North America. Using an electronic currency known as
trade dollars, IMS exchanges allow companies to create cost savings and to
improve operations by taking advantage of barter opportunities in their
business models.
16,732,224 s/o as of 9/30/03
Website: www.internationalmonetary.com
The following is an exercise in selling strategies using DLGI
as an example
1) Buy low and sell high. Best case scenario.
Theoretically, lets say I bought 4000 shares of DLGI at .25
and sold it all at the high of 1.65
Net gain: $5600 ($6600 – $1,000 buy-in)
2) Our trade
Theoretically, lets say I bought 4000 shares of DLGI at .25
and sold it all at .94
Net gain: $2,760 ($3,760 – $1,000)
By selling early I lost almost 3,000 in profits. Is there a better approach?
1) Let it ride.
4,000 shares ($.88) is now worth $3,520
Net worth: $2,520 ($3,520 – $1,000 Buy-in) Zero profit
2) Sell half every time a stock doubles.
Buy 4000 at .25 = ($1,000)
Sell 2000 at .50 = $1,000
Sell 1000 at 1.00 = $1,000
Net worth: $1880 ($1,000 profit + 1000 free shares worth $880)
3) Every time a stock climbs 200% sell half.
Buy 4000 at .25 = ($1,000)
Sell 2000 at .75 = $1,500
Net worth: $2260 ($500 profit + 2,000 free trading shares worth $1760)
4) When a stock climbs 300% sell 75%
Buy 4000 at .25 = ($1,000)
Sell 3,000 at 1.00 = $3,000
(Leave 1,000 free shares long matching normal buy-in amount of $1,000).
Net worth: $2,880 ($2,000 profit plus 1,000 free shares worth $880)
I’ll keep you posted.
GP@Pennyheaven.com
>>>>>>>>>> DISCLAIMER, PLEASE READ <<<<<<<<<<
Please be advised that nothing within this email shall constitute
a solicitation or an offer to buy or sell any security mentioned
herein. Pennyheaven.com is neither a registered investment
advisor nor affiliated with any broker or dealer. All statements
made are our express opinion only and should be treated as
such. We do not accept any paid promotion. Please do your
own DD and trade only what is right for you.
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