posted
hey Joe, what the straight poop on this company? The last time I saw a ceo scarfing down shares was STTC and shortly after it flew. I'll have to put this on the radar. It's taking a dip right now I see. Good time for me to think about buying Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
You are correct. When a CEO buys large numbers of their company's stock means a strong sign of movement to the upside! Buy all you can friend. Imo This stock is going be huge!
Press Release Source: Motorsports Emporium, Inc.
Ten Stix Changes Name to Motorsports Emporium, Inc. Tuesday December 7, 9:30 am ET Company Accelerates into Motor Sports Industry
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Dec. 7, 2004--David Keaveney, CEO of Motorsports Emporium, Inc. (OTCBB:MSEP - News), announces a new corporate name, new stock trading symbol and acquisition details as it accelerates into the Motor Sports industry.
Keaveney comments, "Our new name and trading symbol identifies us as a motor sports business, focusing on increasing revenues, share price and investor exposure. Our planned spin-off of Ten Stix Gaming this month will complete the transition and leave our gaming company image and its liabilities behind."
Motorsports Emporium Inc., through its operating subsidiary, Scottsdale Diecast, Inc., purchased the assets of ScaleCars, Ltd. as a point of entry into the motor sports industry via its premier website: www.ScaleCars.com. The company has a 2,800 square foot retail showroom in Scottsdale, AZ and an Internet store that averaged $276,000 in annual revenue for the past three years (while being run as a part-time venture). The purchased assets also included a database of 30,000 customers, a large inventory of approximately 2,400 items, a custom digital photo shop, numerous marketing and promotional materials and a rich corporate history. The company plans to utilize cross promotion marketing of additional products and services to expand its customer base to 100,000 and increase revenues to the $1 million to $5 million dollar range.
Keaveney stated, "Our acquisition was timely, the price was based on the wholesale cost of current inventory, and the terms were very favorable to both parties. Bottom line, we were in the right place at the right time, in an expanding industry reaching across America and around the world. Retailing die cast cars to enthusiasts is only the first step for Motorsports Emporium. Current revenue at ScaleCars.com is derived from repeat in-store and Internet sales. By ramping up our marketing and exposure we instantly open doors for additional revenue opportunities including product licensing, manufacturing, wholesaling, sponsorships, strategic alliances and racing series."
Keaveney continues, "It's important for the investment community to know that I don't believe our current stock price represents the true value of our future cash flow. With the spin-off of the gaming subsidiary liabilities, the increase in acquired assets and daily cash deposits, our market cap is barely higher than our acquired inventory! As we finish up our financial year on December 31 and the audited numbers are announced, I believe investors will be surprised at our financial progress and they will value the stock more appropriately than its current historical lows."
For further information about Motorsports Emporium, Inc. or ScaleCars.com contact David Keaveney at 480-556-0821, via e-mail at dkeaveney@cox.net or to purchase products click on www.scalecars.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Contact:
Motorsports Emporium, Inc. David Keaveney, 480-556-0821 dkeaveney@cox.net
posted
Thanks Joe, I'm going to do alittle DD on this. I see the form 4. You got any other good DD on this company? Probably don't have long, especially if they put those numbers out at the end of the year.
Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
Most likely end of year tax selling. Most investor like to sell their losers to offset their capital gains in other stocks. They offen buy back in January.
posted
The CEO bought 3 times over the past 2 months. Something big coming? The CEO should know. lol. I am going to follow his lead tommorrow and try buy as many shares as possible.
posted
Hey Joe, wonder why the CEO didn't publicly announce that he bought 2.5 mill in shares? That always adds to the company's credibility. I think I'll grab some of this today
Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
i think he didnt annouce it cause he wants to buy more (keep price down) then youll hear something maybe?or in a roundabout way he did announce it how de we know about it?
Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
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« MSEP Message list | Reply to msg. | Post new msg. « Older | Newer » By: sfdstation40 16 Dec 2004, 08:17 PM EST Msg. 6638 of 6638 Jump to msg. # Just a little number crunching:
I think the last PR said the company MSEP aquired does approximately $250K per year in revenue? Was it revenue or was in net profit? I think revenue. Anyways, I bet overhead really isn't that much. Maybe 50K per year.
What we should be worth right now:
200K Net profit / 200MM OS = .001 EPS * PE (20) = PPS .01
If we should reach David's minimum goal of $1,000,000 in revs:
950K Net profit /200MM OS = .00475 EPS * PE (20) = PPS .095
If we reach his maximum goal of $5,000,000 in revs:
4.950 MM profit /200 OS = .02475 EPS * PE (20) = PPS .495
Looking at it this way, we are undervalued right now by about 1/2 cent per share. Also, if everything goes as David hopes we should be trading at a minimum of .095 by the time his business is really kicking into gear. If I am totally off with my numbers and guesstimate, people please correct me or add onto this.
they lost over a million $ in the first 9 months of 2004 alone. their basic loss per share is stated here at .02/share loss. they have triple the liabilities than they have assets. in short, it ain't pretty.
it's hard to even say how many shares are actually floating around of this company now, there are warnings all over the report about dilution.
i don't mean to bash you, but - this is truly ludicrous. you need to go and learn how to DD a company before you come posting analyses like this laffer here. yeah i know you just cut and pasted it from RB and it's not your work, but - yeesh. hint #1: there is a difference between revenue and profit.
the sad thing is, suckers are probably going to take the bait and buy this turkey, because they don't take the time to go out and do their own DD to verify facts. you'll probably end up making $ in the long run off pumping this one.
.495 in the final estimate would a 100-bagger. pppffffft, yeah right, that'll happen.
posted
eh glass, sometimes i wonder what the heck i'm doing on the OTC, i'm just out of place in this land of pump-n-dump.
i made 2 buys today: BSIC at .58, and added more CLSI at .02. this are both good solid companies with histories of *profits* (rising ones at that) and actual *assets* that exceed liabilities, with very low P/E's and very good future prospects.
you know as well what may happen now: these 2 will tank, while this glorified hot wheels company with no profits jumps to .01 before tanking again. *sigh*.
eh i know, i need to lighten up, heh! oh well, i am what i am.
posted
Regardless of the companies projected value there is something still to be said about the management buying up 6.5 million shares in 1 week. That's enough to get peoples attention and push this stock up, like you said, to 01 in the short term. If you don't like making money playing stocks on news like that then good luck.
Posts: 427 | From: CT | Registered: Jan 2004
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