posted
I'm in AIRN as well ahead of earnings. They've written contracts with 30 or more countries. Should finally be there quarter. We'll see.
Posts: 2739 | From: houston | Registered: Mar 2006
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posted
nice! ive been watching AIRN, ill keep a closer eye thanks... with this i own 4k free 1.18 LOL, on route to be my largest gain yet!!!!!!!!!!!
Posts: 2769 | From: nyc | Registered: Aug 2005
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posted
I've got 5k. I haven't sold a share yet. I'll start taking a little profit at $8-$10
Posts: 2739 | From: houston | Registered: Mar 2006
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posted
I just saw that. I think it’s a great company. They keep writing contracts in the largest expanding industry, but keep missing numbers. Maybe bad management.
Posts: 2739 | From: houston | Registered: Mar 2006
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posted
I actually just closed my position and bought Dec. 2008 $2.50 Calls. Much more stock, same investment.
Posts: 2739 | From: houston | Registered: Mar 2006
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posted
Sadly, the rally's done been killed.... after hours already down to $3.60 (down .43 from close/ .75 off the high)
Here's the lastest:------------------------------------------------
Force Protection, Inc. (“Force Protection”, the “Company”, “we”, “us”, or “our”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 by the prescribed due date. As previously reported, we require additional time to complete our evaluation of our internal controls over financial reporting and preparation of the consolidated financial statements for the fiscal year ended December 31, 2007.
We intend to file our Annual Report on Form 10-K for the year ended December 31, 2007 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2008 with the SEC promptly upon the completion of the audit of the consolidated financial statements for the year ended 2007.
We previously reported that we have also determined that our previously filed interim financial statements for the three and nine month periods ended September 30, 2007 and all public communications of such consolidated financial statements should no longer be relied upon because those consolidated financial statements contain material misstatements. Accordingly, we plan to restate our historical financial statements for the quarterly period ended September 30, 2007.
We are working as expeditiously as possible to finalize the consolidated financial statements for the fiscal year ended December 31, 2007, the quarterly period ended March 31, 2008 and to file amendments to our previously filed Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2007. While the lack of an audit firm has slowed our progress, we resolved that contributing factor on April 10, 2008, when we engaged Grant Thornton LLP as our independent registered public accounting firm for the fiscal years ended December 31, 2007 and ending December 31, 2008
posted
Big deal, its temporary. It doesn't change the story of the company, or the BILLIONS in contracts. A delay, is only a delay.
Posts: 2739 | From: houston | Registered: Mar 2006
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posted
They fired and hired and auditor. That will obviously delay anything. They may have to restate a few items. That doesn't change the contracts. There making a ton of money, and the stock price does not reflect it. To sell in the $3 range is complete nonsense. Do the numbers on the stock. It’s trading at 1/10th the earnings. I see a 1000% run in this at least over the next 3-6 months.
Posts: 2739 | From: houston | Registered: Mar 2006
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posted
INVESTER-way to go selling out of the position today over 4 before that hit haha! and those DEC calls are looking SWEET btw.
anyway, not worried one bit, invester is right, doesn't change the story, this was generally already known and priced in imo. mm's brought it down on weak ass volume AH, nothing to worry about. We will be right back over 4 soon again. I've watched this stock for 4 months now, its all about manipulating the share price to short (like all day today) and cover (tomorrow).
don't fall for it! imagine all those people who sold for a loss under 2! yuck! well GL everyone!!!
Posts: 2769 | From: nyc | Registered: Aug 2005
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quote:Originally posted by Free Muney: why are they delaying? this is going to kill this rally... are they fudging numbers or something?
nope, take a breath, frpt has been coming back strong. they are restating all 2007 and 2008 1st qtr. company and revenue grew out of control in 2007 and since frpt was poorly managed they screwed it all up and got out of the picture. today was nothing but a reiteration of the delay.
I look at it like we're starting all over. except we now have a billion in trailing rev for 2008 plus over 300M in new contracts rewarded to FRPT so far this year, and some contract work expired eoy 2009. this company is so not dead! Posts: 2769 | From: nyc | Registered: Aug 2005
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quote:Originally posted by Jo4321: Sadly, the rally's done been killed.... after hours already down to $3.60 (down .43 from close/ .75 off the high)
thats what people said at 2.00, 3.00, and now ya done said it at 4.00! lol
also remember BAESY.PK and NAVZ.PK were delisted for similar reasons, check out their share price! so even if thats the case, expect another drop but still don't turn your back on FRPT, pinks seem to help these companies lol. it will come back with full force!
Posts: 2769 | From: nyc | Registered: Aug 2005
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posted
So the announcement for JLTV finalists is in June. Anybody find a specific date? How do some of you plan on playing FRPT leading up to/after the announcement?
Posts: 192 | Registered: Mar 2006
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