posted
This is an extremely high risk stock which I suggest you NOT buy. Read again, I am encouraging you to NOT buy this stock. This one is intended for extreme risk takers who can afford to lose money on a true long shot bet. You might do better betting the horses.
IESV Intrepid Technology Resources
This company seems to have a sensible management team exemplified by their common sense. Their actual product under development is alternative fuels made from organic materials, like potatoes, corn and manure.
I like their common sense because they have their true product, alternative fuel sources, on the back burner and are keeping their company afloat plus a little profit, by contracting out their engineering talents.
Intrepid Technology is a collection of engineers working towards developing financially viable methods of producing alternative fuels. Being comprised of engineers, they have sense enough to contract out engineering services, for a fee, and appear to be doing well at this.
Their alternative fuels, they most likely know there will not be a big market for those products for many years to come. Black oil is still cheap enough to keep alternative fuels out of the current market. However, there is a small market developing in this area. This market is in tractors and other "crop harvesting" machines which can easily run on these new alternative fuels.
IESV is located in the heart of farmland.
Some cities are now looking to extract methane from covered over landfills no longer in use. All of those represent a small market, though.
Basic approach is this group of engineers sale their services, then turn their profits over into developing new fuels, slowly.
Seems good common sense.
Interestingly enough, they do own mineral rights to some gold rich land. Nonetheless, at current production costs compared to gold prices, it is doubtful they will actively mine. Still, this does add to assets.
Please read their current 10Q at SEC edgar. There is good news and bad news. Be sure you do read ALL filings.
Some snippets from their 10Q report:
***
Cash On Hand:
Year 2002 27,175 Year 2003 105,291
Total Assets:
Year 2002 4,683,342 Year 2003 4,620,150
Total Liabilities:
Year 2002 886,498 Year 2003 767,949
Income (loss):
Year 2002 (190,184) Year 2003 76,417
Earnings Per Share Diluted (loss):
Year 2002 (.0013) Year 2003 .0005
"The Company is a biofuels renewable and alternative energy development and operating company with strengths in engineering and technology. While the Company's primary source of current revenue is the sale of engineering services to a variety of clients, it is posturing itself for a primary business purpose of developing, constructing, and operating a portfolio of projects in the Renewable and Alternative Energy sector, with a special emphasis on production of biofuels - particularly, biogas (methane), ethanol and...hydrogen."
"The report defined the reserve as consisting of 455,000 ounces of recoverable gold. Over 20 of the 180 drill holes intersected high-grade ore zones, but it must be assumed that the bulk of the deposit is of low grade."
"...revenue is derived from "work-for-others" by the Engineering Services Division, with any profits being used to develop the Biofuels...."
"quarter ending September 30, 2003...operating costs decreased 13.7% to $494,575 from $573,264...."
"The Company had gross profit of $309,363 in the first quarter compared to $71,849 for the same quarter ended September 30, 2003 and 2002 respectively. This 330% increase in gross profitis a mark of increased sales and better management and...."
***
Please their 10Q report and all SEC filings very carefully for a full financial picture.
All looks relatively healthy to me. Nothing to really brag about but they do seem to being just fine, at least turning some profit.
Why I am suggesting you NOT buy this stock is there will be no major increases in stock price anytime soon. You will NOT earn any profits worthy of mention for a long time.
Yes, appears they will do ok but there is nothing there which will cause a sudden price break out. No loss is expected nor is any sudden profit expected.
This is an extremely slow growth stock.
We have invested based on speculation and based on affordable price.
They have two future potentials. One is a developing "farm" market for biofuels but this is probably years away.
Other is they hold and have good assets, specifically gold bearing mineral rights, which they could sell if a cash crunch comes about.
At a nickel a share, we have decided we can buy a lot of this stock for not a lot of money. This one we can buy, set a shelf and not worry much. Maybe in year, maybe in two years, maybe longer, this stock could have good value.
We are placing a bet on the good common sense displayed by the management team. Our hopes are their good sense will pay off in the long term.
We are in for 10,000 shares at .0485 and hope to accumulate perhaps another thirty to fifty-thousand shares.
Don't run the price up on us, ok? We have not yet finished buying.
Again, my suggestion is you NOT buy this stock. Chances are you will be disappointed because this stock will not move for a very long time.
As always, never buy nor sell based on my opinions. You could lose money. Chances are very good this stock will actually decline in value sometimes.
This stock is only for extreme risk takers, in for very long term based on nothing but speculation and the apparent good common sense of the management team.
I would NOT buy this stock if you are an average investor looking for good returns in a short time.
Be sure you read carefully. I am actually telling you to NOT buy this stock. Risks are extreme with a stock of this nature.
posted
The one thing that is not said is that funds are mostly obtained through off balance sheet borrowing backed by a convertible promissory note, convertible into convertible debentures, convertible into shares. Just like HYTT they account the off balance sheet debt as income and list it as sales of engineering services. However unlike HYTT, IESV is a junior exploration play and that is where the value rests. I do like their idea of biofuels. However they are going about it the wrong way. They should use wood chips made from whole trees that have no value when the leaves are on, put it into a harvestor silo, let it heat and cure then put it through a grinder that breaks the chips up into smaller pieces and place it right back into the silo. Harvestor silo's unload from the bottom and fill by blowing it in throgh the top. Harvestor silos are air tight and the wood will produce lots of methane gas. This is done in Switzerland to provide power to places where there is no power. This methane gas then powers motor vehicles and generators.
Posts: 62 | From: Franklin ME USA | Registered: Nov 2003
| IP: Logged |
posted
We are ignoring the biofuel aspect and betting on their engineering services doing well. Their biofuel might be a nice up spin, but I don't think for years to come. Other aspect is what I have written which is they do seem to have good common sense.
posted
Today, at .06 per seems a good day to load up IESV.
Review IESV news releases since my first post. IESV is on track and making good progress towards a profitable venture in Bio-Gas. IESV appears to be ahead of the game for dairy - methane production.
Not too bad at all. IESV is doing well at keeping losses down in light of starting up their biogas plants. Another plus is IESV is years ahead of other companies and very close to commerical revenues through biogas selling.
Perhaps towards the end of this year IESV will be able to move in good revenues and a net profit.
Darn good price right now, thanks to naked shorting.
posted
PG I'm so glad to see your positive forcast. I tripled my position yesterday. Do you have any insight into the personnel changes a week ago. Sounds like they may show more attention to PR and news releases. And you're right-this is a real bargain right now.
Posts: 100 | From: roanoke va usa | Registered: Feb 2004
| IP: Logged |
posted
"Do you have any insight into the personnel changes a week ago."
I made a mental note of this and plan to go back for some research. I recall no changes caused me any concern. I will have another look tonight.
People at IESV play it very straight. They seem to be an honest group of engineers with big plans.
What I like about IESV is they have their plants up and running, in production and only lack a commercial pipeline to feed into the retail market. Indications are they have customers in the wings.
This places IESV two to three years ahead of other companies in this field; IESV is a true front runner in this biogas industry.
There is a negative. Naked shorting is taking place and has been for a long time. Very little IESV can do about this. Recently, seems to have slowed down a little bit.
Cornell Capital lending is a concern. Does not look IESV will lean much on Cornell. However, a basic research and development company does have a hard time securing loans with better terms and with better companies. This Cornell lending is somewhat understandable. Good news would be termination of the Cornell contract in the near future.
Another negative, bit of a positive, is IESV is spending a lot of capital on development of their biogas plants. This shows as a loss on their recent 10Q filing. Bit of a negative effect for traders, unless they read carefully and discover the loss is capital investment in their biogas development. That is ok. Development of biogas plants on their scale is very expensive; near commercial output.
Yes, bargin prices right now. I bought a bunch years back, I think around .045 to .050 per. Prices today are very close to prices a couple of years back. I am still accumulating when IESV dips down to .050 to .052 per. I do not think prices will fall lower, save for very short, low volume dips to .048 to .049 per.
I am comfortable with IESV as a long term safe investment. IESV is not about to crash and management is staying on task, keeping their word on thier business plan; no games.
Those interested in IESV, be sure you know this one is a very long term investment. I would not expect big upward moves for at least a year, maybe more. Current prices will probably hold for the next six months or so, without good news being released to change perspective.
"obtain bond financing under a State of Idaho approved bond inducement resolution to expand operations and production capabilities...."
My opinion is this is good news. Having their state government backing is a positive. This signals Idaho approves of IESV efforts and are willing to help with development costs.
Readers will note all five officers are originals from way back. All have very good backgrounds and credentials. What I see happening is IESV is in the process of shifting to marketing efforts to sell their biogas (methane) via retail feeds.
Parker is a business manager with good connections. Smith is an accountant with agri-business background.
The other three are far back original officers but all three are experienced engineers. They are not business managers.
This change in management structure makes sense for IESV with their emphasis now upon marketing.
I am very comfortable with these changes. No new people, just a change in structure to enhance IESV ability to move in revenue generation.
For interested readers, here, again, is their recent 10Q which makes for a very good sound understanding of IESV and "where they are,"
IDAHO FALLS, ID, Jun 05, 2006 (MARKET WIRE via COMTEX) -- Intrepid Technology and Resources, Inc. (IESV, Trade ), a renewable alternate energy company, has received the gas conditioning equipment slated for use in creating pipeline quality gas from its Whitesides Biogas facility. The two semi loads of proprietary equipment will be installed over the next several weeks and brought into operation. The equipment is unique in that it can process a smaller gas stream from the existing two digester array, as well as the full ten digester array that is currently under construction.
The cost of this gas conditioning equipment is equivalent to the entire book value of the existing plant, effectively doubling the asset value of the facility. Independent sampling of the product gas will be performed to verify the entire system's ability to produce pipeline-quality gas. The company plans to sell product gas from the existing two digester system in July and then begin the installation of the additional eight tanks which will be completed in late 2006.
The clean gas will be delivered into an Intermountain Gas pipeline making Intrepid the first alternate energy company in North America to produce pipeline quality gas from animal and industrial waste. Once the entire technology has been proven, by delivering gas to Intermountain, Intrepid will begin to aggressively pursue additional locations for their biogas fields that may include Idaho, Washington and California. Additionally, with the technological superiority of the digester, Intrepid will begin to market the systems and Intrepid's process and procedures expertise to other stand-alone dairies and feedlots.
posted
LOL--Jealous of you. I don't think so. I've turned 5k into over 500k in less than 5years.To me, I find trading sttocks quite easy. I don't need nor do I have the time to post continuely like you do either ,pumping or bashing a stock. I made over 50k on NDOL alone .I don't own any at this time as I sold all sharers over a buck. But to watch you continually bash a stock really leaves a bad taste. Where were you when it was below .10. Smart investors were loading up(and I wasn't pumping it either )Will be loading up again on it real soon though. Keep pumping IESV hope it runs for you--just try not to create to many bagholders. Good traders don't have to pump or bash stocks like yourself--We just trade.
quote:Originally posted by Purl Gurl: Ha! Ha! How funny, I am both a pumper and a basher, all depending on in which thread I participate!
quote:Originally posted by mr money: LOL--Jealous of you. I don't think so. I've turned 5k into over 500k in less than 5years.To me, I find trading stocks quite easy. I don't need nor do I have the time to post continuely like you do either pumping or bashing a stock. I made over 50k on NDOL alone .I don't own any at this time as I sold all sharers over a buck. But to watch you continually bash a stock really leaves a bad taste. Where were you when it was below .10. Smart investors were loading up(and I wasn't pumping it either )Will be loading up again on it real soon though. Keep pumping IESV hope it runs for you--just try not to create to many bagholders. Good traders don't have to pump or bash stocks all day like yourself--We just trade.
quote:Originally posted by Purl Gurl: Ha! Ha! How funny, I am both a pumper and a basher, all depending on in which thread I participate!
posted
I've been trading for 3 months and I've quadrupled my original investment. Of course I am typing this from work so I guess I'm not doing that great
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
I don't relly care if your skeptical.You act like you think you are a god--like your opinion is the only one that matters. You just keep on pumping and bashing and I'll just keep on trading.
quote:Originally posted by Purl Gurl: "Just keep using my same stategies."
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Doniboy, nothing wrong with working. Not working is very wrong.
During my years, I have been a dishwasher, a waitress, a factory worker, a house keeper and many other employment positions. There is no job I will not take to support my family.
My most pride in the line of work, though, is my being a penniless ignorant farm girl.
You have much going for you, Doniboy. You are bright, willing to learn, polite and clearly willing to take a chance to better yourself, and your family, if appropriate.
Whether or not you win in the stock markets makes no difference; you are already a winner.
Michael W. Parker, a shareholder since 2001, is a retired Air Force Lieutenant Colonel and for the past five years and has been a self-employed entrepreneur and investor. During his diverse 20-year career he worked in areas ranging form aviation, engineering, special operations and program management. He is a veteran of Operations Desert Shield, Desert Storm (Gulf War I) and Southern watch. Since his retirement in 2000, he spends his time managing his numerous business interests and traveling between his homes in Lake County, Montana and Bay St. Louis, Mississippi. He has been a shareholder of the Company and an enthusiastic and vocal advocate of Intrepid Technology and Resources, Inc., since the Company's inception. Mr. Parker has not been appointed to any of the Company's committees and there are no related party transactions.
you have to believe that this guy is not a scammer as it appears, but an expert in turning turkey guts into nat. gas? is that right?
the chart looks to me like shorting. there was a good pop that we all saw but all that selling after is not natural.
purl gurl, youve made a fortune off of crap like this?
Posts: 298 | Registered: May 2006
| IP: Logged |
Actually, there really is a company that turns anything into oil, but it's a private company with private investors, not publicly traded. The turkey offal is most publicized because ConAgra invested to do something about the 'leftovers'.
Here, with IESV, Purl is telling you straight about that. A ranch, cows, cow patties, and a lot of numbers that don't make sense.
Volume for IESV is beginning to drop off and share price is beginning to rise.
This is suggestive dilution is coming to an end.
As always, no guarantee on this but an early signal is appearing IESV share price might be coming back under control of public traders.
I am not suggesting you buy but am suggesting you begin keeping an eye on IESV for potential.
This early signal is very preliminary. Might be a false signal. Nonetheless, better to pay attention to an early signal than to ignore what might be a signal for profit potential.