"The Company expects its cash on hand and cash generated from operations to be adequate to meet our cash needs at our current level of operations, including the next twelve months. The Company generally funds new originations using cash on hand and equity financing and outside investments".
That is a very positive statement IMHO of course.
------------------ My future so bright...I gotta wear shades!
posted
I missed that part, but yes that is EXREMELY good news. This means as is, they will NOT need to issue S-8 shares, unless they use them to acquire additional companies.
Jenkins has built a very nice company here, much improved over 1 year ago- And so much to look foward to in the coming weeks!
Im going to dive into this 10Q tomorrow- we should see a gapper monday!
JMHO
quote:Originally posted by platapuss: I lIke this statement:
"The Company expects its cash on hand and cash generated from operations to be adequate to meet our cash needs at our current level of operations, including the next twelve months. The Company generally funds new originations using cash on hand and equity financing and outside investments".
That is a very positive statement IMHO of course.
[This message has been edited by cabbage22 (edited May 22, 2004).]
[This message has been edited by cabbage22 (edited May 22, 2004).]
I have been reading that the naked shorting has ceased on TSSB. Wouldn't that be the naked shorting that was taking place on the Berlin Exchange. Given that they might have been the most flagrant offenders, but is it / could it still be going on here? Also, is there a strong possibility that TSBB might be a target of shorters now that they have openly complained. Kinda, sorta, MM's thinking let's teach these whiners a lesson. I have seen that theory alluded to on the message board, complainers get spanked. Is it possible or am I misunderstanding something in this scenario?
posted
The company is taking the step mentioned below which should help. Revenge is always a possibility, but the naked short-sellers have a lot of unwanted attention right now, so maybe it is over, in the near term anyway. However, I would like to see the company take an additional step, if they have not already done so. To make certain that they won't be listed on any other foreign exchange they have not authorized to be listed on. The Berlin Exchange is unregulated. Not all foreign exchanges are, so it will make things more difficult for them imo. They will eventually figure out a new way to naked short stocks, until the SEC decides to get off its butt, and closes all the loopholes.
"The Company recently changed Transfer Agents from Atlas Transfer Company to Transfer Online, Portland, Oregon. Transfer Online certificates are a new color and have a barcode. The Company will be issuing a request to all shareholders of record to redeem their shares from their broker and take hard certificates in their possession and then send the certificates to Transfer Online for new certificates."
posted
Respectfully, is not naive to think, "but the naked short-sellers have a lot of unwanted attention right now, so maybe it is over, in the near term anyway." Everyone was looking forward to April 1, for the rule changes. Since, I haven't noticed anything dramatically different, and I continue to hear the same complaints from others here, when their stocks tank, "those filthy MM's shrting my play". There even is thread dedicated to the notorius behavior of NITE.
quote:Originally posted by mainstay: The company is taking the step mentioned below which should help. Revenge is always a possibility, but the naked short-sellers have a lot of unwanted attention right now, so maybe it is over, in the near term anyway. However, I would like to see the company take an additional step, if they have not already done so. To make certain that they won't be listed on any other foreign exchange they have not authorized to be listed on. The Berlin Exchange is unregulated. Not all foreign exchanges are, so it will make things more difficult for them imo. They will eventually figure out a new way to naked short stocks, until the SEC decides to get off its butt, and closes all the loopholes.
"The Company recently changed Transfer Agents from Atlas Transfer Company to Transfer Online, Portland, Oregon. Transfer Online certificates are a new color and have a barcode. The Company will be issuing a request to all shareholders of record to redeem their shares from their broker and take hard certificates in their possession and then send the certificates to Transfer Online for new certificates."
posted
Regulation SHO has put a stop to naked shorting in the US- and the change of transfer agent should help the affimative determination issue. Shorters are not likely to target TSBB anymore- theres no room for it to drop anymore (they already worked it from .05 to .004) and the positive financials will deter shorters as more people buy on the increased valuation.
Good question though will, its important to explore these possibilities
quote:Originally posted by will: QUESTION ???
I have been reading that the naked shorting has ceased on TSSB. Wouldn't that be the naked shorting that was taking place on the Berlin Exchange. Given that they might have been the most flagrant offenders, but is it / could it still be going on here? Also, is there a strong possibility that TSBB might be a target of shorters now that they have openly complained. Kinda, sorta, MM's thinking let's teach these whiners a lesson. I have seen that theory alluded to on the message board, complainers get spanked. Is it possible or am I misunderstanding something in this scenario?
posted
Thanks cabbage, I find your post reassuring. I was out of TSBB, and back in Friday. I am counting on TSBB to be my 10 bagger, (or at least, 5 bagger), if it trades down again I will double my position. I have been playing with real $ since early Feb, however I have been frugal, no stock purchases over $300. My account bounces between $4800 - $5200, I started with $5,000. I diversified too much, owning 26 different stocks. I am looking for, "that trade", that will do it for me. I have had opportunity, but due to lack of experience, skill, and ability, haven't taken full advantage of them, (ONEV, EFLT & others), and left $ on the table. I don't want to come off as being negative. Every cell, save one, in my body is saying "YES" to TBSS, but to really feel confident and comfortable I had to ask.
quote:Originally posted by cabbage22: Regulation SHO has put a stop to naked shorting in the US- and the change of transfer agent should help the affimative determination issue. Shorters are not likely to target TSBB anymore- theres no room for it to drop anymore (they already worked it from .05 to .004) and the positive financials will deter shorters as more people buy on the increased valuation.
Good question though will, its important to explore these possibilities
Investment Company TS&B Holdings, Inc. Files Third Quarter 10Q Which Shows Large Increases for Company
***
> ORLANDO, Fla., May 24, 2004 (PRIMEZONE) -- James V. Sadrianna, the Chief Financial Officer of TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBB), reported to management that the Company's 10Q was filed with the Securities & Exchange Commission on Friday, May 21, 2004. The 10Q showed a 511% increase in total assets over the same quarter in 2003 and a 705% increase compared to the Company's year-end of June 30, 2003. James V. Sadrianna stated, "This quarter fulfilled our earlier expectations of increased asset and shareholder value. There is a net increase in stockholders equity of $1,557,309 after adjustments for the recent change to 1940 Investment Act status. Total assets of $1,921,476 were reported for March 31, 2004 versus $314,441 for the same period in 2003 and $238,758 for the Company's year-end of June 30, 2003. The Company reported net income for the first quarter of 2004 of $418,727 versus net income of $4,477 for the same period in 2003. Shareholder's Equity increased from ($76,902) in March of 2003 to $1,303,160 for the same period in 2004. Shareholders can look forward to continued profitable operations as the Company continues to execute its business plan as a Business Development Company." James J. Jenkins, CEO stated, "I'm very pleased by the Company's third quarter results. This is great news. Of equal importance, our fourth quarter-projected results appear favorable. With the addition of Cummings Financial Services, Inc. to our portfolio, we expect the Company's shareholder value to increase substantially. The management has worked very hard to bring the Company to its present state. We have a dedicated group of professionals and we are proud of our accomplishments." About TS&B Holdings Inc. TS&B Holdings Inc., is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries. Safe Harbor The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. CONTACT: Honeycutt Capital Group, LLC. (918) 392-0336 Honeycuttcapital@hotmail.com
------------------ Due Da Due......But Be Quick About It!!!!!
will Member posted May 19, 2004 12:26 -------------------------------------------------------------------------------- We need to trade over .006, and break that .0059 resistance.
posted
I bought more at .0079. Happy to see this finally going. It is one of the few I didn't panic sell and actually bought more of. GLTA I am hoping for mopre than .02 on this. -Debi
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