posted
Stock released on AUG 11th that it was profitable, and growing at an enormous pace. It has since retraced from .22 to currently .07 which in my opinion makes no sense. The company over the last four quarters has gone from nearly 0, to 5 million, to 10 million, to 15 million in the most recent quarter in revenue. This growth pace is phenominal and they are profitable!!! .01 x 4 quarters (assuming they do not grow) = .04/EPS for a .07 stock.
Last 5 days have been very down days in regards to its price and I am hearing that a PR will be issued this week. Watch for a retrace near highs and the future is looking so bright for this company.
Quick DD for those interested:
Global Concepts, Ltd. (GCCP) is a publicly traded company whose major subsidiary, Compagnie Logistic Transport Automobile, S.A. (CLTA) prepares thousands of new cars for delivery for Peugeot and Citroen, and has 60 car-carriers doing actual deliveries throughout Europe. One of CLTA's divisions, TransCuisinier, moves containerized freight throughout France, at night, for all the major international airfreight forwarders including UPS, FEDEX and DHL.
The recent 8-K's are fantastic! If you haven't read them, that's the best place to start.
The O/S here is only 90 million shares with 50 million of these shares restricted, making the float only 40 million. Second quarter consolidated results indicate revenues of $11,000,000. In the same period last year, the Company reported revenues of under $50,000.
Equally as exciting is the 1-penny per share earnings for the second quarter with a $483,000 profit. This is after all expenses including interest and charges for stock based compensation, as well as an allowance for an 18% minority interest in Global Concepts' principal subsidiary.
The Six Months Gross Profit of $3,768,000
``We have had tremendous growth this first half of 2005,'' stated company Chairman and CEO, Ed Rodriguez. ``We feel that Global Concepts is well positioned in our industry to post even better results in the latter half of 2005. Our last two acquisitions, SLATE in July and TTAM in July, already are producing tremendous growth.''
Also, they have recently acquired new companies, chk recent headlines:
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read the 10q. the continue to issue shares and actually mention how they are dilluting the stock.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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posted
It was necessary in order to grow the company to where it is now. You can't go from 10,000 loss and almost no operations to 15 million in revenue in a quarter without issuing stock in order to acquire companies or pay back debt which was lent in order to acquire their new profitable CLTA. On August 14, 2005 Global Concepts agreed with G&H Management, LLC that the warrant issued to G&H Management in April 2005 would be cancelled. The warrant had given G&H Management the right to purchase 40 million shares of Global Concepts common stock at $.05 per share.
Also, the possible shares to Cornell financing will not be able to be traded until at least Jan 1st, 06. In my opinion, they will just pay it off with their cash instead in order to benefit everyone. The new investments of SLATE and TTAM are going to payoff bigtime.
[ August 23, 2005, 17:06: Message edited by: Zacktrade ]
Posts: 249 | Registered: Aug 2005
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chart shows that .15 is possible this week without any news :-) great long term investment, and short term as well IMO
Posts: 249 | Registered: Aug 2005
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♪♪♪♪ La la la Back to .10 here, should close above .11 possibly as high as .13 today depending on the momentum it gets
Posts: 249 | Registered: Aug 2005
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