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A quick Merry Christmas to FRPT and all investors who have benefited from this incredible stock. I originally bought in in mid-January at 1.20. I've been following this thread since around August. Everyone here's been helpful, supportive, and amusing, to say the least. Have a great FRPT new year, and I'll see you on the other side of $20. I'm off to finish my shopping...the budget's a bit bigger this year!
Posts: 3 | From: Cincinnati | Registered: Dec 2006
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What initially sent you so long in FRPT? It would be nice to develop some kind of "metric" of sorts that would help us all identify the potential longer-term holds like this one.
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
quote:Originally posted by Kevin Bailey: SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?
He gonna chew your butt for that comparison, better have a mod delete it quick before he gets home
-------------------- ......in Psychiatry circles it's known as a "warning sign" Posts: 1736 | From: Saint Louis | Registered: Jul 2005
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Well Repo I'm back from Hawaii and its great to see we got some great news! I'm home till the 3rd then moving back. Been checking the stocks alittle while I was out there, nice that the market opens at 4:30 am there..... Happy Holidays guys. FRPT FTW!
Posts: 79 | Registered: Apr 2006
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quote:Originally posted by Kevin Bailey: SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?
I wouldn't say they are the same... SIGA is diluting on the open market, FRPT did PP's. Also, Siga only has 1 order from the DoD, FRPT does not.
The only similarity is the fact they both have orders from the DoD.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Kevin Bailey: SIGA and FRPT seem to be similar plays. Why is FRPT taking off, and SIGA is lagging, and seems to be searching for support at the bottom?
I wouldn't say they are the same... SIGA is diluting on the open market, FRPT did PP's. Also, Siga only has 1 order from the DoD, FRPT does not.
The only similarity is the fact they both have orders from the DoD.
Not to mention (aside from the product being extremely viable) that the company is playing the game to near perfection.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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Force Protection Teams With General Dynamics For New $10B Armored Vehicle Project
Posted: Today at 9:37 a.m.
LADSON, S.C. — Force Protection, a builder of high-tech armored vehicles designed to protect its occupants from explosive devices, is joining forces with General Dynamics Land Systems to pursue a new vehicle the U.S. military wants.
The Mine Resistant Ambush Protected, or MRAP, vehicle program is a Defense Department initiative seeking to replace Humvee vehicles. More than 20,000 of the MRAP vehicles could be purchased in a contract worth as much as $10 billion.
The MRAP program is being managed by the U.S. Marine Corps.
Force Protection and the General Dynamics group plan to offer Force Protection’s so-called Cougar vehicles as the MRAP. The Cougars are available in 4x4 and 6x6 configurations.
General Dynamics and Force Protection recently announced a partnership through which General Dynamics would provide fabrication of the armored capsules built into Cougar vehicles.
"This joint venture is an important strategic step for our company," said Force Protection Chief Executive Officer Gordon McGilton in a statement. "Combining Force Protection's life-saving blast protection technology with the size and capability of General Dynamics will ensure that the MRAP program will be a success and that the vehicles will be the strongest, most advanced blast- and ballistic-protected vehicles in the world.”
Force Protection, which recently raised nearly $153 million through a stock offering, has already sold Cougar joint explosive ordnance disposal rapid response vehicles to the Marines. The most recent contract called for $69 million to be spent on 100 of the Cougars. Its vehicles are built at a complex near Charleston, S.C.
To date, more than 300 Force Protection vehicles have been delivered to the U.S. military for use in Afghanistan and Iraq. They include Cougar and Buffalo vehicles. The United Kingdom also recently signed a contract for vehicles from Force Protection.
Among features in the Cougar are a V-shaped hull designed to deflect blast effects and 4-inch thick glass.
The Cougar can be configured to haul as many as 12 troops or four troops and a large explosive ordinance disposal robot. It can be used as a command and control vehicle, a prime mover for artillery pieces, vehicle recovery and as an ambulance, according to Force Protection.
"The joint venture will provide our Armed Forces the services of two best- in-class defense companies both dedicated to safeguarding the lives of our servicemen and women," said Dave Heebner, president General Dynamics Land Systems. "Together we will leverage the complementary skills and resources inherent in our companies to produce Mine Resistant Ambush Protected vehicles.” Copyright 2006 by WRAL.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Now, it's true this happened. But, who in their right mind would publish this as worthy news for an OTC stock and for a planned sale that isn't anything new (Frank has been selling shares now and then since the summer)???
Think - are shorts trying to get some investors scared??
Man, they do play hardball...
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Last Board of Director named!! NASDAQ on Jan. 2nd??????
On December 26, 2006, Lieutenant General Roger G. Thompson, Jr., USA, Ret. was appointed to the Board of Directors. On December 26, 2006, General Thompson was also appointed to the Audit Committee of the Board of Directors.
General Thompson has a 34-year military career, having commanded at all levels through Army Major Command. General Thompson began his career in June 1966 in field artillery where he commanded firing batteries in Fort Hood, Texas and Vietnam until June 1969. As an Army logistician from September 1972 until his retirement in October 1999, he commanded an early deploying transportation company, an Army port battalion, the 37th Transportation Command in Europe and Military Traffic Management Command. General Thompson served three times in the Department of the Army Staff. His last assignment was the Director of the Army Budget which concluded in July 1997 when he was promoted to Lieutenant General. General Thompson completed his military career as the Deputy Commander in Chief, United States Transportation Command in October 1999. General Thompson has served as the Vice President of Membership and Meetings for the Association of the United States Army, or AUSA, since October 2000. He is responsible for AUSA National support to 128 chapters worldwide. He also serves as the Chairman of the Annual Meeting Planning Committee and is responsible for AUSA's nine symposia in key operational areas, the Winter Symposium and AUSA's participation in four international military shows in support of the Army. General Thompson holds a Bachelor of Science degree from the Unites States Military Academy, a Master's degree in Business Administration from Syracuse University and a Master's degree in National Security and Strategic Studies from the Naval War College.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Force Protection, Inc. Appoints New Director Thursday December 28, 8:02 am ET
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has appointed U.S. Army Lieutenant General Roger G. Thompson, Jr., Retired, to the company's Board of Directors. The appointment marks a majority of independent shareholders on the Board, which is a prerequisite for Force Protection common stock to be listed on the NASDAQ Capital Market. Thompson's appointment was effective December 26, 2006.
"We are delighted to have General Thompson as our newest board member," said CEO Gordon McGilton. "He has had a remarkable career that makes him a perfect fit for this position. We are doubly pleased as we look forward to his leadership and contributions and as we anticipate the Company's opportunities for continued expansion of its business model in the coming year."
A veteran with more than three decades experience on active duty, Thompson currently provides executive leadership to the 128 local chapters of the Association of the United States Army (AUSA) throughout the world. Thompson commanded at all levels throughout the Army, including field artillery, transportation, logistics, and infantry units. He served three separate assignments on the Department of Army Staff, his last tour as Director of the Army Budget. Thompson completed his military career as the Deputy Commander in Chief, United States Transportation Command. In this position he was responsible for the daily operations supporting all military and commercial transportation for the entire Department of Defense.
Thompson holds a Bachelor of Science Degree from the United States Military Academy, a Masters Degree in Business Administration from Syracuse University, and a Masters Degree in National Security and Strategic Studies from the Naval War College. He attended the Army's Command and General Staff College and the Naval War College.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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i WISH i could short this stock. Id be rich in 3-6 months months when its back under $10.00. FRPT is probably the most overvalued stocks in the OTC at nearly $1 Billion Market Cap.
Posts: 604 | Registered: Aug 2005
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quote:Originally posted by JL: i WISH i could short this stock. Id be rich in 3-6 months months when its back under $10.00. FRPT is probably the most overvalued stocks in the OTC at nearly $1 Billion Market Cap.
Hahahahhaa.. you're still here? Didn't we have a bet? Go away. I wish you could have shorted it WHEN YOU WANTED TO.. at $14...
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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While many S.C.public companies celebrate growth, other are mired in investigations
By BEN WERNER bwerner*thestate.com
The ball doesn’t drop on 2006 until Sunday night, but the year has ended on Wall Street, and most of South Carolina’s public companies saw their stock prices finish up from a year ago.
Many of the nation’s major stock indexes finished 2006 with decent double-digit growth from the end of 2005 — a performance mirrored by South Carolina’s 20 largest publicly traded companies.
As a whole, stock in these South Carolina-based firms finished 2006 13 percent higher than in 2005.
This year-over-year increase in stock prices was slightly better than the 12 percent growth reported for a similar list of companies at the end of 2005.
THE BIG WINNER
Ladson-based Force Protection has developed a product in high demand — armored vehicles favored by military for work in Iraq and Afghanistan.
Currently, the military is seeking bids on 4,000 armored vehicles that match specifications for Force Protection’s Cougar vehicle.
The company also secured a private placement of 13 million shares of common stock, generating $152.75 million.
The day that private placement was announced, Force Protection’s stock price jumped by $1 to close at $15.99 per share.
The cash is being used to expand Force Protection’s Ladson manufacturing plant.
Who to watch Three companies worth keeping an eye on in 2007 as they appear poised for growth:
BLACKBAUD INC.
The Charleston-based company just missed the top three performers spot, but has consistently done well selling fund-raising software to nonprofit organizations. Stock symbol: BLKB
CENTERPLATE INC.
With management firmly in place, watch for the Spartanburg-based stadium and arena concessions company to use its line of credit to seek new, large stadium deals. Stock symbol: CVP
FORCE PROTECTION INC.
The Ladson-based manufacturer of armored vehicles likely has a big year ahead as its vehicles have become a favorite among U.S. military personnel in Iraq and Afghanistan. Stock symbol: FRPT.OB
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Happy Holidays guys. FRPT FTW!
