DD Recap for potential/current investors: SYMBOL: TALL.OB (IVP Technology Corp)
Last Trade: 0.029 (Friday 5/14)
O/S: ~ 328M.
Float: 200M Float. (Which is a LOW float)
Targets depending on upcoming 10Q's EPS: .15 - .20+
1ST resistance is .046
2ND resistance is .058 (52 week high)
Read for more explanation of these targets ..
The 10Q is to be released within days, even with the delay of the extension filled with the SEC on Friday 5/14 (an extension is for five extra days).
PROOF THAT THE UPCOMING 10Q WILL SHOW PROFITS:
From the NT - 10Q:
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The quarterly filing will reflect the sale of certain assets related to the Company's cell phone and ring tone development activities as well as the sale of the Company's bladeofzorro.com, Recessgames.com and and silverbirchstudios.com web portals. The Company will separately account for the residual 5% equity position that it will acquire in the purchaser. The balance sheet of the Company will be substantially improved year over year.
You can read the full filing here: http://www.pinksheets.com/quote/print_f...ymbol=TALL
Cliff Reason for Investment: Positive earnings expected in the upcoming 10Q, TALL sold a division of it's company that produced an immediate reduction in overheads of approximately $1,400,000. TALL also made an aquasition that is immediatly profitable w/ $1,000,000 stream of revenue.
Brief financial analysis:
1) They reduced the net EPS from -0.32 at the end of 2002 to merely -0.01 at the end of 2003. That's a 3100% turn around improvement, all that while keeping the float at a mere 200M shares at this time!
2) That's the highest net EPS for the company ever since the year 2000 when the stock traded as high as $3.69.
Net EPS:
2000 = -0.08
2001 = -0.03
2002 = -0.32
2003 = -0.01
2004 = +?.??
3) At the end of Q3 of 2003, they had a net EPS of -0.0245 so with a quick calculation with the -0.01 net EPS found in the 10K for the year 2003, we can see that the net EPS for Q4 of 2003 was:
(-0.01) - (-0.0245) = +0.0145
So Q4 of 2003 showed a positive net EPS of +0.0145.
4) They acquired C Comm Network Corporation and this will add another $1M to the current revenue.
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If you study all these numbers and speculate as to what the upcoming 10Q will show and how the PPS will respond to all that, you can be almost positive with all the information there right in front of you, this stock is clearly WAY undervalued at this time!
The volume as of 5/13-on has been 4x it's average. Thursday and Friday indicate lots of buying interest. 133% gain on Thursday and a healthy gain and retrace on Friday indicating consolidation.
TALL, like ONEV before it's 300% run, also broke the 200 DMA on 5/13-Thursday.
QUARTER RESULTS from the 10K:
IVP Technology Corp (TALLE) reported Q4 results ended December 2003. Q4 Revenues were $0.29M; +416.70% vs yr-ago. Q4 EPS was 0c. Adjusted Q4 EPS was 0c; +100.00% vs yr-ago.
Q4 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $0.29M $0.06M +416.70% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: 0c N/A N/A N/A N/AAdj
EPS: 0c (24c) +100.00% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
YEAR-END RESULTS
Co. also reported Year-End results ended December 2003. FY Revenues were $0.61M; +95.17% vs yr-ago. FY EPS was (1c); +96.88% vs yr-ago.
FY RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $0.61M $0.31M +95.17% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: (1c) (32c) +96.88% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
Charts & Technicals:
The charts and technicals are textbook amazing for a breakout with a profitable 10Q.
DD:
"In the 10KSB filing for December 31, 2003, ActiveCore revealed that revenues almost doubled to $612,953 over the $314,063 recorded in the fiscal year ended December 31, 2002. Primary reasons for the increase were the ongoing success of the company's MDI Solutions group, which specializes in healthcare data integration services and software, and recent inroads into the financial services market. The net loss for the most recent fiscal year was $1,845,984 or $(0.01) per share versus fiscal 2002's loss of $21,831,664 or $(0.32) per share. The weighted number of shares outstanding at December 31, 2003 was 190,536,415 versus 66,013,725 in the fiscal 2002 period.
The company also marked a major turnaround on its balance sheet with assets rising to $1,256,370 in the 2003 fiscal year from $637,117 at the fiscal year ended 2002. Liabilities fell from $15,121,769 at the end of December, 2002 to $2,392,173 on December 31, 2003. Total stockholder deficiency also decreased to $1,135,803 from $14,484,653."
- Again, continuing this uptrend, the upcoming 10Q is looking (from the 10K) to be showing a positive net EPS for Q1 of 2004 and by some's calculation and extrapolation, a +0.01 net EPS ~ worth approx. 0.15-0.35 in PPS -- a +0.02 net EPS would be worth up to 0.50 if not more in PPS.
What does Activecore do?
Read Below
humanfactorsdoc wrote:
since we have not discussed it that much on this thread...
we have to consider the some of their flagship products... i work for a software company and i know for a FACT that any system that can integrate legacy software with new software and other legacy software, and do it well, will succeed. we have several legacy systems… as many software companies do. if the system gets outdated and it is used to store data (as most are), converting to a new system is extremely expensive and labor intensive. if you have a system that can integrate new systems with the legacy systems, then you save a fortune and you get the latest functionality that you want.
as companies diversify the products and services that they offer, the demand for system integration increases exponentially. basically, the systems that companies use for storing sub data, rating usage, billing, etc., only get older. in addition, their reliance on their legacy systems increases at the same time… and all companies seek to diversify the products and services that they offer. heck, they would lose all business to their competition if they did not diversify. here enters the problem: companies CANNOT diversify their products and services unless they can incorporate new functionality into their existing system(s). so, anyone that can integrate systems effectively will succeed in the near and long-term.
here is an example. a cable provider decides that they want to offer high-speed internet (HSI) access to its subs and bundle the service with cable. the legacy system cannot handle it and all of the subs’ accounts are in a legacy system that cannot handle HSI accounts (e.g., they cannot store data about IP address, modems, etc. and the billing system cannot be extended to bill the subs). therefore, they must look to systems that can integrate the old cable system with the new system for HSI. sounds simple? not really. now imagine that the cable company wants to add phone service to their subs. in comes system integration again. now VOIP, then a contract to bundle cellular service from a partner company or recent acquisition. how about the option to make all of this digital? sound ridicules? its not, and if you want proof, the spend a few seconds on this “cable company” website: http://www.cox.com/ - only a few years ago they only offered about 50 channels of cable… now look at what they do. ALMOST ALL cable, wireless, and wireline telecommunication providers have shifted to this business model, and this business model is impossible to follow through on without a system that integrates legacy solutions with new ones. well, I guess that they could without the integration products, but it would drive up the price of subscriptions so much that they would price themselves right out of business.
TALL offers this solution.
Notes:
About 95% of the shares have been traded at 0.03 or above with around 30% at above 0.04, then the MM's took it down and it bounced off the 200 DMA.
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