I just came across this stock today, right before I logged off CarFax news caught my eye. I posted some news links. Going to get a position tomorrow, but let me know what you guys think. Doing some DD now
I just found this info for AUCI. Can you verify that it is correct and updated.
Estimated Market Cap 24,640,000 as of Nov 1, 2007
Outstanding Shares 44,000,000 as of Aug 28, 2007
Authorized Shares 50,000,000 as of Aug 31, 2007
Number of Share Holders of Record 83 as of Aug 31, 2007
Float 19,000,000 as of Aug 31, 2007
Posted by Bottomfeeder on :
I found some pretty interesting news about this auction stock.I wish you well but I need more info before I drop a grand in this one.They are making some good relationships with the sales of their products.
Posted by dmxbr9 on :
actually the updated tradable Float is 2mm shares from the companies Investors Relations.
hmm kind of like an ebay looks interesting will radar this
Posted by dmxbr9 on :
we just recently formed a double bottom on the chart if anyone caught that at .47, i just added som more
Posted by RagingBull on :
yup thats why i got some here to make sure im in before it runs , with the recent news it should bring strong interest soon ,i think you you found a winner gl
Posted by stock.pyle on :
I ran some interesting #'s on the company and came up with this.
- Assuming the company grows to only 700 dealers, only 1% of the over 70,000 dealers in North America.
-700 Dealers - 1% of the North American Dealer Market - 4200 Cars/month = 6 cars per dealer per month - $20 mill net profit based on avg industry auction fees $200 for buyer and $200 for seller $7/sh valuation using industry standard PE ratio of 15. - These numbers do not include other revenue streams from other commodities, etc.
Posted by stocktrader22 on :
I like the concept, the website is lacking a nice interface and its a pinky.
Posted by stocktrader22 on :
but pretty much this looks to me like a new venture with management who doesnt have any signficant experience that are just entrpreneurs.
Posted by dmxbr9 on :
those numbers are impressive, unbelievable if this company ONLY grasps 1% or 700 dealers. They probably have half of that going on right now.
Remember this is a ground floor company. The management has been very proactive and effective within the last couple months to get off the floor. Great opportunity here imo
Posted by stocktrader22 on :
It's going to be able about if management is not corrupt and can follow the business plan and take initiative. look at ecfl as an example of a bust
Posted by dmxbr9 on :
Auctions International Announces New Headquarters Dec 7, 2007 8:25:00 AM
KELOWNA, BC -- (MARKET WIRE) -- 12/07/07 -- Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software to enable real-time online auctions of virtually any product or commodity for use by the wholesale market, announced today that to accommodate the Company's growth, its executive offices are now located at 1001-1329 Ellis Street, Kelowna, BC, Canada, V1Y-9X5. The telephone and fax number will remain the same. The facility is expandable to accommodate growth, and will serve as the location to meet clients and host corporate business meetings.
Doug Mann, president and CEO of Auctions International, Inc., said, "Auctions International has taken tremendous steps
Posted by dmxbr9 on :
imo that is great news that the company is looking to move to a facility that will be able to handle their growth. and future expansions