This is crazy!! An OBNH Press release this weeks announced that they are expecting $2 million in revenue from a new international venture. (pasted below) Even crazier is that their revenue for last quarter was reported at a mere $55,000 (link below) - I did the math and that means with $2 million they're expecting a 40 times increase in revenue! With such a sudden increase in their balance sheet, the stock at this price stands as SEVERLY undervalued and is likely to go through the roof !
Not only that, the CEO stated in a PR (pasted below) that and I quote: "Shareholders should find the returns from the series to be significant."
This stock is going to see some serious gains in stock price this week. And don't take my word for it: Look at the trading since the news came out : notice how volume has been increasing. More and more investors are finding out and taking a position in this stock, and it's only a matter of time before the stock price is signficantly higher.
------------- Just my humble opinion based on my understanding of the facts.
[ August 26, 2006, 22:46: Message edited by: ridi ]
Posted by ridi on :
I've highlighted the statement about $2 million revenue since that's the key behind this stock coming alive and shooting up
OBNH Subsidiary Announces Joint Venture With Dubai Tech Company Tuesday August 22, 7:00 am ET Eclectic to Begin Broadcasting in the Middle East
LAS VEGAS--(BUSINESS WIRE)--Aug. 22, 2006--OBN Holdings (OTCBB:OBNH - News), a rising star in the entertainment industry, and its subsidiary Eclectic Entertainment today announced a joint venture agreement with a Dubai, United Arab Emirates technology company, Al Motamem Computers Trading ("Al Motamem").
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Under the terms of the agreement, Eclectic and Al Motamem will create a digital signage network in public establishments throughout the city to broadcast programming. Video screens will be placed in public areas such as hotels, restaurants and supermarkets, and will broadcast entertainment programming. Al Motamem will install the technology and establish the infrastructure while Eclectic provides the content. The initial programming to be aired is Eclectic's production Music on Demand Video, a one-hour show featuring videos from Universal Music Group, Warner Bros, Virgin Records and other major and independent record labels.
"We are excited about our relationship with Al Motamem," stated Roger Neal Smith, OBN President and CEO. "We view this initial venture as an opportunity to begin establishing a presence into an area of the world that is already a major center of commerce in the Middle East and is rapidly growing as a commercial center for the world."
Revenue from the venture for the first year is estimated at $2 million, and will increase as additional locations are added. The venture is also planning to expand the broadcast to other key cities in the Middle East.
About Al Motamem
Al Motamem Computers Trading Est. is a technology company headquartered in Dubai, United Arab Emirates. The company specializes in digital signage, wireless technology (WI-FI mesh) and triple play solutions (television, telephone and internet).
About OBN Holdings, Inc. OBN Holdings, Inc. is a holding company for the wholly owned operating subsidiaries Omni Broadcasting Network, Inc.; All Sports Television Network, Inc.; Eclectic Entertainment, Inc.; Products On Demand Channel, Inc.; and Retro Records, Inc., resulting in the company covering all major facets of the entertainment industry.
For the latest SEC filings or past news releases, go to the company's web site at www.obnholdings.com and click on the Media heading.
OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. (702) 435-0544
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will", "should" and "could".
Contact: Magellan Financial Media Group Alex Lewis, 317-867-2839
-------------------------------------------------------------------------------- Source: OBN Holdings, Inc.
Posted by ridi on :
With this one too, I've highlighted the CEO's statement about shareholders finding significant returns. To me, when a CEO tells shareholders that they will find (not expect, but find) higher returns that's a sign of strong confidence and a great future. What do you think ?
OBNH Subsidiary To Begin Production On ''The Mini Movie Hour'' Tuesday June 27, 7:00 am ET Series Sets Stage for Syndication
LAS VEGAS--(BUSINESS WIRE)--June 27, 2006--OBN Holdings (OTCBB:OBNH - News), a rising entertainment network and its subsidiary, Eclectic Entertainment today announced the commencement of development of the television series "The Mini Movie Hour." The series, which will have twenty-four initial episodes, features a wide variety of short films produced by famous, not-so-famous and infamous filmmakers, and will provide interviews with some of those talented individuals.
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The series is being developed for syndication for the U.S. broadcast and cable television markets, and for foreign markets. Eclectic is also planning to release various episodes on DVD, as well as seeking non-traditional markets such as podcasting and in-flight broadcasts.
"We're excited to begin production on this series," said Roger Neal Smith, President and CEO of OBN Holdings, Inc. "'The Mini Movie Hour' represents a direction that we plan to pursue - producing exciting, new programs that are not offered elsewhere. said Roger Neal Smith, President and CEO of OBN Holdings, Inc. "'The Mini Movie Hour' represents a direction that we plan to pursue - producing exciting, new programs that are not offered elsewhere. Shareholders should find the returns from the series to be significant."
About OBN Holdings, Inc. OBN Holdings, Inc. is a holding company for the wholly owned operating subsidiaries Omni Broadcasting Network, Inc.; All Sports Television Network, Inc.; Eclectic Entertainment, Inc.; Products On Demand Channel, Inc.; and Retro Records, Inc., resulting in the company covering all major facets of the entertainment industry
For the latest SEC filings or past news releases, go to the company's web site at www.obnholdings.com and click on the Media heading.
OBN Holdings, Inc.: 8275 South Eastern Avenue, Suite 200, Las Vegas, Nevada 89123. (702) 435-0544
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of OBN Holdings, Inc., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward looking statements: This press release and other statements by OBN Holdings may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe", "expect", "estimate", "potential", or future/conditional verbs such as "will", "should" and "could".
Contact: Magellan Financial Media Group Alex Lewis, 317-867-2839
-------------------------------------------------------------------------------- Source: OBN Holdings, Inc.
Posted by ridi on :
I would appreciate any thoughts/comments by you all here. Just post a message if you need more DD or have questions.
Posted by neona on :
And this company is in Las Vegas? I would be more careful with companies registered in Nevada and Florida.
Posted by ridi on :
Oh and my personal opinion on this stock: As penny stock traders we all wish we can one day find a stock, buy it, the company releases some crazy news and increases in value and the stock shoots up --- well in my opinion this is it!
OBNH is blooming from a struggling young company into a thriving business, and this is our oppurtunity to take advantage.
Posted by ridi on :
quote:Originally posted by neona: And this company is in Las Vegas? I would be more careful with companies registered in Nevada and Florida.
Why do you say that ? Although I agree it's good to be careful regardless.
I've gone through the financials of this company, the news, the sectors, the stock technicals everything and as far as I can see everything is clean. They've been consistent with their filings and keeping their word.
OBNH is a go as far as I'm concerned.
Posted by neona on :
I'll watch it on Monday.
Posted by MoneyMoneyMoney on :
quote:Originally posted by ridi:
quote:Originally posted by neona: And this company is in Las Vegas? I would be more careful with companies registered in Nevada and Florida.
Why do you say that ? Although I agree it's good to be careful regardless.
I've gone through the financials of this company, the news, the sectors, the stock technicals everything and as far as I can see everything is clean. They've been consistent with their filings and keeping their word.
OBNH is a go as far as I'm concerned.
If I'm not mistaken you want to be careful with companies incorporated in Nevade and Utah because of the ridiculous amount of A/S that may be issued.
Daily chart: I'm thinking you may be able to get a "little" more but I think it has some downtrending to do before going back up. Aroon looks to be turning into a downtrend, RSI high, and bollinger bands need to close more: http://stockcharts.com/h-sc/ui?s=OBNH&p=D&b=5&g=0&id=p84826879646 Posted by Livinonklendathu on :
A/S 50 million O/S 6.774 Million Float 4.418 million
quote: Daily chart: I'm thinking you may be able to get a "little" more but I think it has some downtrending to do before going back up. Aroon looks to be turning into a downtrend, RSI high, and bollinger bands need to close more: http://stockcharts.com/h-sc/ui?s=OBNH&p=D&b=5&g=0&id=p84826879646 [/QB]
I humbly disagree: RSI is not a correct indicator for this stock, because it is just coming out of dilution and there this is the first bounce in quite a while, so RSI will be high no matter what.
Correct indicator for a stock like this is ADX,because ADX depends only on current conditions, not previous one like RSI.
Take a look, the positive divergence is showing near 40, and negative is near 0: this means a strong uptrend
In my opinion OBNH is PRIME for a pretty explosive breakout. Posted by dot_ob_trader on :
quote:Originally posted by ridi:
OBNH is blooming from a struggling young company into a thriving business, and this is our oppurtunity to take advantage.
As a penny stock investor you want to find and buy stock of a struggling company before it becomes something major, (you know the rags to riches story) , every penny stock trader dreams of having made at least one investment in their career. That's the point of trading penny stocks.
Just my opinion guys but I think that OBNH is very well qualified to be one of those success stories (and I'm not even over exagerating here), and I can see this company in the $1.00 range pretty soon.
Good luck to all long/short in this
Posted by Vinnie on :
Pretty thinly traded in my humble opinion!
Posted by T e x on :
lol, vinnie...
ya, fellas...don't try to make a TA case on this one, either pro or con: indiators need data, eh? ...and for sure don't overlook the SB2s linked in livinon's post...
Posted by dot_ob_trader on :
Tex, I would agree with your post except for one thing: The news. You're ignoring the news. This company's last reported revenues were in the range of 55,000 (or something like that) Now they're about to make $2 million or more. The CEO himself has said that shareholders will find returns to be significant. Notice how volume has started coming since that press release.
Yes OBNH was a thinly traded stock. But aren't all pennies? Until some strong news about real business and real revenues comes about and changes all that, if OBNH starts getting volume and increasing in price, who cares if it was once thinly traded or had an SB2?
It's not the past you should be looking at, it's the future.
Once again this is just my humble opinion.
Posted by T e x on :
quote:Originally posted by dot_ob_trader: Tex, I would agree with your post except for one thing: The news. You're ignoring the news. This company's last reported revenues were in the range of 55,000 (or something like that) Now they're about to make $2 million or more. The CEO himself has said that shareholders will find returns to be significant. Notice how volume has started coming since that press release.
Yes OBNH was a thinly traded stock. But aren't all pennies? Until some strong news about real business and real revenues comes about and changes all that, if OBNH starts getting volume and increasing in price, who cares if it was once thinly traded or had an SB2?
It's not the past you should be looking at, it's the future.
Once again this is just my humble opinion.
you still don't disagree...
On your news/momo play, though, don't overlook that volume or the SB2s...
good luck
Posted by money 76 on :
WHAT IF A COMPANY WITHDRAWS SB2. WHAT DOES THAT MEAN.
Posted by ridi on :
Looking at the charts and the way the stock moves, I think the SB2 is over. The SB2 was issued 2 years ago, I think it's over and done with now.
Posted by T e x on :
well, then? let's get it verified...
Posted by ridi on :
As of right now this stock is BLOWING UP ! I think that's verification enough that SB2 is over and good times are coming !
Posted by ridi on :
Nice volume !
Posted by T e x on :
pretty wild:
close .20
LOD .16
HOD .51
Last: .32
currently .24 x .34
YIKES...just jumped ASK to .49....
Posted by ridi on :
holding strong in the $0.30's
Posted by glassman on :
scotty has a note that buys are not allowed... call your broker...
been seeing alot of this lately...
Posted by 10of13 on :
quote:Originally posted by glassman: scotty has a note that buys are not allowed... call your broker...
been seeing alot of this lately...
and it seems to be more so with Scotty?
Posted by ridi on :
Scottrade is weird, they're not allowing any online buys i.e did anyone with Scottrade buy yet?
Posted by glassman on :
i had a GTC order in from last week that they didn't fill....
they won't let me change it without calling in..
Posted by ridi on :
quote:Originally posted by glassman: i had a GTC order in from last week that they didn't fill....
A GTC order for this stock ? OBNH ?
Posted by glassman on :
sure...
i play wide spread stuff all the time...
but i don't buy on the ask.
they shoulda filled my order this morning...but they didn't.. bstrds
Posted by ridi on :
quote:Originally posted by glassman: they shoulda filled my order this morning...but they didn't.. bstrds
lol - the life of a penny stock trader.
I'm sure every single penny trader can relate to that experience.
Posted by Vinnie on :
Good luck trying to purchase this at bid (or anywhere close). You got to wonder if the spread is over 60% of the bid. Just not getting a good vibe from this stock. Also bothers me that most of the posting are done from one person!
Posted by ridi on :
quote:Originally posted by Vinnie: Also bothers me that most of the posting are done from one person!
What can I say, I'm not shy and I talk a lot !
Posted by T e x on :
so call and find out about those filings, then talk about that... Posted by ridi on :
But in all seriousness Vinnie, you might wanna take a look at the news on this stock and evaluate it's future potential. If you don't have a good feeling now, thats ok I didn't either till I checked out their news and evaluated their future. I mean I really think that a company which has so much to look forward to (all that's been discussed above) has got to be worth at least a couple of more times more in the future than it is now. I think the way to take advantage of the ride is patiently i.e. sit at the bid, increase the bid a little till you get it, and accumulate over time. Nibble away. In the end the decision is yours, but this is just how I see things right now, it's just my opinion.
Posted by dot_ob_trader on :
quote:Originally posted by ridi: .. I think the way to take advantage of the ride is patiently i.e. sit at the bid, increase the bid a little till you get it, and accumulate over time. Nibble away. In the end the decision is yours, but this is just how I see things right now, it's just my opinion.
I've started nibbling away at this, got some shares at$0.23 today. A couple more good press releases and this stock is going to upwards of $0.50 in my opinion
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