looks to be getting a name changer per pr. iterim financials out on pinksheets . short cover and run here? 80mil volume friday could have been it. only 350mil outstanding per ceo. i remember PLNI name change back in october 2004 from WKDH to PLNI. 10 bagger in 5 days...whoa
Posted by J_U_ICE on :
Centrex Inc. Releases Interim Financials For The Company
http://www.centrexglobal.com/PR2006Financials.html SAN DIEGO -- December 19, 2006-- Centrex, Inc. (OTC Pinksheets:CTXI) today released its interim financial statements on Pinksheets.com. The financials cover the years 2004, 2005 and the first nine months of 2006.
Stated Jeffrey Flannery, CEO of Centrex, Inc., “The financial report reflects the business activity in Centrex up to September 30, 2006, which is prior to its change in business focus to MicroCars and the international license agreement we acquired on October 10, 2006. Prior to these events, we had acquired a small chain of video stores with the idea to expand into the online video service. Total revenues in 2006 were from the video distribution subsidiary and nearly 60% of the operating expenses were attributable to that subsidiary as well. Management has made the decision that the MicroCars project will be the Company’s primary focus on a go forward basis.”
Added Mr. Flannery, “I do want to note that we have made some progress in reducing the company’s debt from 2005 to the present. I expect to show even greater improvement by the end of the year. Also, we have tried to minimize operating expenses until the business was more fully functional and I believe we have done a very good job at containing those costs.”
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
Source: Centrex, Inc.
Posted by J_U_ICE on :
Micro Holdings US, Inc. Is New Name for Centrex, Inc. Signaling Company’s Commitment to the International Automobile Manufacturing Business.
SAN DIEGO -- December 19, 2006-- Centrex, Inc. (OTC Pinksheets:CTXI) today announced that its Board of Directors and a majority of the Company’s shareholders have approved the name change to MicroHoldings US, Inc. The name change has been filed with the State of Oklahoma and the Company is in the process of requesting a change in its ticker symbol.
Stated Jeffrey Flannery, CEO of Centrex, Inc., “After working with the people at MicroCars for the past year, we have decided that the timing is right to dedicate our efforts in the area of automobile manufacturing. The MicroCar system is unique and has already generated a lot of interest in the marketplace. We would be remiss not to focus our resources and efforts on the expansion of MicroCar manufacturing to every country that could benefit from it.”
Centrex recently acquired MicroCars International, a subsidiary of the Sri Lanka automobile manufacturer, MicroCars, Pvt. Ltd., which gave Centrex the rights to license the MicroCars manufacturing process internationally. The Micro Cars facility is labor intensive unlike US and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labor rates but a need for high quality, inexpensive vehicles. More information on the MicroHoldings-US, Inc. can be found at www.microholdings-us.com. Information on MicroCars, Ltd. can be found at www.microcars.lk.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
Source: Centrex, Inc.
Posted by Homersbud on :
Ya, I just read them. Fins look like sh!t, but most pinks are. I don't even care about them.
Name change is interesting tho. Not sure if there is a short position or not since Jeff had to dump 75 mil to pay off debt, but if there is...weeeeeeeee! Posted by stolibox on :
i still am thinking that huge volume friday looks very suspicious. the application for the name change went thru on december 6, so they new about it prior to the big volume on the 15th. probably why the easy walkdown, letting people freak, bidwhack and cover their shares...eagerly waiting. may take a little time, but i would venture to guess within the next 2 weeks we see a big multiday pop as the momo comes in...
Posted by Homersbud on :
Yup, momo will help a ton!
Found this quite interesting...never sure how accurate these reports are, but damn looks good!
Posted by: TAKI In reply to: Art2Gecko who wrote msg# 5376 Date:12/14/2006 11:00:21 AM Post #of 5650
CTXI.0021.Huge SHORT Alert.Over 100 million Shorted in the last 3,5 months.HUGE.When cover begins kabooooom Idealtrader right on again.HUGE short. "Monthly SqueezeTrigger Price","0.0041"," "Monthly SqueezeTrigger Price","0.0041","
"CENTREX INC (OK) NEW (CTXI)" SqueezeTrigger Price: $0.00 Days on Threshold List: -125 Current Price: $0.00 Current Volume:
"Report Month","12/2006","11/2006","10/2006","9/2006" "" "Short Volume (number of shares)","7867490","29625149","55694554","10672308" "Short Dollar Value","32571.4086","149903.2539","189918.4291","55282.5554" "Monthly SqueezeTrigger Price","0.0041","0.0051","0.0034","0.0052" "Price at End of Month","","","","" "Amount Above/Below Avg, Short Price","","","","" "% Above/Below Avg. Short Price","","","","" "Total Number of Short Trades","0","0","0","0" "Short Tickets (S)","0","0","0","0" "Short Exempt Tickets (E)","0","0","0","0" "% of Short Exempt Trades","","","","" "Total Short Interest","","11.0000","378262.0000","0.0000" "Volume Weighted Average Short Price","0.0041","0.0051","0.0034","0.0052" "Time Weighted Average Short Price","","","","" "Shares Outstanding","","","","" "% of Shares Outstanding Shorted","","","","" "Float (stock not owned by insiders)","","","","" "% of Float Shorted","","","","" "% Owned by Institutions","","","","" "% Owned by Insiders","","","","" "Total Change in Short Interest","","-100.0000","","-100.0000" "Days to Cover","","0.0000","0.0000","0.0000" "Average Daily Volume","","30242879.0000","8856759.0000","3930079.0000"
Posted by stolibox on :
tomorrow should be fun, we'll see if there is buying pressure yet. may take until january. if this pops i'd rather sell next year anyway for tax purposes.
Posted by realwill on :
From: Jwfworld*aol.com Add to Address BookAdd to Address Book Add Mobile Alert Date: Sat, 16 Dec 2006 01:20:00 EST Subject: Re: No Respect! To: yurytanya*yahoo.com Yury --
I am sorry that you feel your investment in Centrex was a bad one. IT is hard for me to reply to all the people who write. I wish I could. Also, I can't control much of what goes on with the activity that takes places with these stocks. Pinksheet companies and especially companies, such as Centrex, that are trying to develop a new business are very, very risky investments.
Will the price in Centrex come back up to where you can recoup your investment? I can only say I believe so. I am doing what I can to make that happen. On the other hand, should you be risking your family's financial future investing in ANY pinksheet company? Absolutely NOT!
Stop gambling and begin looking at other ways to grow your wealth. In the meantime, you have my word, for whatever value you take that for, that I will build Centrex into a real company with real value.
Jeff Flannery
Posted by speculator on :
CTXI- About to get HOT....................
Posted by a surfer on :
0031x0032 2x3..HOD ---> 0034
Posted by mrinos on :
holding up real nice
Posted by Homersbud on :
Held up nice today. Close of 003, I'll take it!
I guess there's a rumor of more news tomorrow? Show us some contracts Jeff!!
Posted by stolibox on :
day two of the multiday run...weeeeeeee
Posted by stolibox on :
i'm gonna keep riding until i see a doji Posted by paulbest on :
missed the dip the other day at .015. yet another opportunity i missed out on. I'm not going to miss AUGC , AMZB. Have both at pre orders right now. In big on both. I will try to catch all the bottom runners/bouncers in 2007. The past 3 months were training months.
Posted by stolibox on :
uhhh, that wasn't what i expected, still holding
Posted by stolibox on :
barf
Posted by stolibox on :
added a little today, looking good now. chart shaping up, put in another bottom, higher than previous. waiting for 07 push
Posted by Homersbud on :
Added some at 0011. Heard rumors of News sometime next week. Looks good from these levels, a run to 002 would be nice next week!
001x0011 10x1
Posted by Homersbud on :
lol, how low will this gooooooooooo?
001x0011 1x3
Posted by m69jump on :
.0008/.0006 low or not
Posted by Homersbud on :
quote:Originally posted by m69jump: .0008/.0006 low or not
Couple hours ago I would've believed that, but it closed nicely with only 1 MM at 0011 and about 6-7 bidding at 001. Obviously next week it could get that low, but if any of the rumors are true about news (it better not be more fluff) then we shouldn't see that low...atleast I hope...lol
Show us something good Jeff!!
Posted by Homersbud on :
Moving on news!!
0015x0016 3x2
MicroHoldings US, Inc. (Formerly Centrex Inc.) Acquires 40% of MicroCars, Ltd., a Sri Lankan Manufacturer of Automobiles
2007-01-08 07:50 MT - News Release
SAN DIEGO -- (Business Wire)
MicroHoldings US, Inc. (Pink Sheets:CTXI) today announced that it has signed an agreement to acquire a 40% equity stake in MicroCars, Ltd. Micro Cars is an 11-year-old company that has successfully designed and operated an automobile manufacturing and assembly facility in Sri Lanka. The transaction requires MicroHoldings US (Holdings) to pay $300,000 in cash over the next six months to MicroCars. Shareholders of MicroCars will also receive warrants in Holdings, exercisable after two years.
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, and offers a unique, cost effective system for assembling quality cars using local labor and available local materials. Created by Dr. Lawrence Perera, previously an engineer at BMW and Volkswagen, MicroCars features a line of vehicles that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck.
Stated Jeffrey Flannery, CEO of MicroHoldings US, Inc., “The decision by both Parties to take this step was the result of working together for over a year and seeing the benefit of establishing a closer working relationship. MicroCars has achieved a high level of success in Sri Lanka and has a lot of room to grow in the coming years. At the same time, its unique manufacturing and assembly operation is a model that we believe can be successfully replicated in other developing countries. We look forward to helping MicroCars expand and succeed in both Sri Lanka and around the world.”
Holdings previously acquired a subsidiary of MicroCars, MicroCars International, which gave Holdings the international licensing rights to foreign car and plant sales. This new agreement supersedes that previous agreement, formalizing those international rights and providing Holdings with the 40% equity position in MicroCars in exchange for the cash payments. Holdings management has indicated that the cash payments for this transaction will come from private investors.
The Micro Cars facility is labor intensive unlike US and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka where low labor rates can be matched with a need for high quality, inexpensive vehicles. According to figures released by MicroCars, the plant is currently producing about 35 to 40 cars per months and has the capability to produce as many as 600 per month. The MicroCars sedan and coupe sell for about $5,000 each. The Minivans sell in Sri Lanka for about $10,000. The company also assembles a SUV under license to the Korean car maker Sanyan and sells that vehicle for about $40,000 per unit.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
Contacts:
Centrex Inc. Jeff Flannery, 619-342-8096
Source: Centrex, Inc.
Posted by lukin4winners on :
News looks good and it's a bottom buster stock. With the price of gas lately througout the world this $5K mini car may be something other countries may be interested in besides Sri Lanka. Motorcycles are more than that.. should pop off recent lows from this news
Posted by lukin4winners on :
CTXI hit .0016 again hod if it breaks which it looks like will happen today with 67M volume so far look for .0022 big break... good luck
Posted by JimSC on :
Float only about 330 M shares. This could run like last two.
Posted by m69jump on :
I probably sold out too early at 0015 from 0011, but I'll take it!
Good luck to anyone still in!
Posted by lukin4winners on :
Wait until people read the recap on microcaptrade after market closes under number of shares, number of trades and percent gainers...should turn some heads....
Posted by speculator on :
The News is BIG. Will be trading at much higher levels soon. An Auto Manufacture trading at .0015 (LOL). GLTA
Posted by lukin4winners on :
Nice PR this morning. This is only the begining.
Yahoo! My Yahoo! Mail Welcome, Guest [Sign Out, My Account] Finance Home - Help
MicroHoldings US, Inc. Announces That MicroCars, Ltd. Has Received Order From United Nations For 30 Minivans Tuesday January 9, 9:00 am ET
SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:CTXI - News) today announced that MicroCars, Ltd., has received a purchase order from the United Nations Development Programme in Sri Lanka for 30 MicroCar Minivans. The MicroCars mininvans generally retail for about $10,000 US; however, terms of this sale were not disclosed. MicroHoldings recently acquired a 40% equity stake in MicroCars, Ltd. and holds the international license for MicroCars vehicle and plant sales. Stated Jeffrey Flannery, CEO of MicroHoldings US, Inc., "This order, from the local office of an international organization with the size and stature of the UN, is strong validation of the value that MicroCars has developed in its line of vehicles. We also believe this demonstrates that MicroCars can compete on an international level from the critical standpoints of production, quality, cost and service."
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. The Micro Cars facility is labor intensive, unlike U.S. and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labor rates but a need for high quality, inexpensive vehicles
Posted by speculator on :
CTXI NEWS-Order From United Nations For 30 Minivans Tuesday January 9, 9:00 am ET
SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:CTXI - News) today announced that MicroCars, Ltd., has received a purchase order from the United Nations Development Programme in Sri Lanka for 30 MicroCar Minivans. The MicroCars mininvans generally retail for about $10,000 US; however, terms of this sale were not disclosed. MicroHoldings recently acquired a 40% equity stake in MicroCars, Ltd. and holds the international license for MicroCars vehicle and plant sales. ADVERTISEMENT
Stated Jeffrey Flannery, CEO of MicroHoldings US, Inc., "This order, from the local office of an international organization with the size and stature of the UN, is strong validation of the value that MicroCars has developed in its line of vehicles. We also believe this demonstrates that MicroCars can compete on an international level from the critical standpoints of production, quality, cost and service."
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. The Micro Cars facility is labor intensive, unlike U.S. and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labor rates but a need for high quality, inexpensive vehicles.
More information on the MicroHoldings US, Inc. can be found at www.microholdings-us.com. Information on MicroCars, Ltd. can be found at www.microcars.lk. Posted by Homersbud on :
Looks good! I might have to jump back in. Gapping already!
0017x0018 3x4
Posted by lukin4winners on :
.0023 up 53% was high... .0022 is a key trendline to hold. This one could be a multiday ***********. Get in on the dips.
Posted by m69jump on :
![[Eek!]](eek.gif)
iterim financials out on pinksheets ![[Big Grin]](biggrin.gif)
![[Smile]](smile.gif)