Is this the run we've all (okay, probably me and like one otehr uy still left...) been waiting for???
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
That would be like winning the lottery for me. I have long since written this one off as a "let's see what I have in 2 years after the restriction runs out". Honestly, I may not even sell if it gets me back in the black. (.001)
quote:Originally posted by Repoman75: If it hits .0008 or higher, I'll say well done PCola.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
NITE and UBSS need to get out of the way let this thing roll - I doubt that it is but,,, if this is the beginning of a short squeeze this could be fun
Posts: 230 | From: florida | Registered: Feb 2006
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Nah, it's cool. Like I said, I'm holding this one through the merger most likely. Don't see any chance of it going up to .001 again without some crazy news release.
quote:Originally posted by Repoman75: Shakerzz lost his mind. Pcola, sell into the rally.. if there is one.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by LARSON: Amswap, you mentioned Friday, i think close of business Wednesday May 10th is the deadline to get out if you do not want to sit with restricted shares.
I will double check with the news on pink sheets.
L.
Wasn't me Larson. I want this thing to go up a little so I take less of a hit, but I don't want to get the worthless restricted shares. I want out, only hoping it will go up enough to take less of a loss.
Posts: 2132 | Registered: Sep 2004
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posted
No way man, it's trading at 4x PAIM's price
By the way, I'm not advocating anyone buy into this, and I'm not claiming this is some great stock. All I know is I'm staying in it and taking a chance that the stock will be worth significantly more in the future.
quote:Originally posted by dkinvest: This POS is as bad as PAIM
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
For anyone interested, there have been 128 trades in the last hour+ and 127 of them are buys. 360million+ shares of buys and under 3million of sells.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I'm here for the long haul good or bad,willing to take the risk also the 10th may not be the ex date there should be a pr stating when the last day to buy and sell.
Posts: 230 | From: florida | Registered: Feb 2006
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I am still sitting on 2 mill shares....why ????....no clue....at this point it's like whatever!......If price is right i would get out in next hour....otherwise it will be another lesson for me on the pinks!
Ok , will now totally embarass myself and ask this- yes i have L2 with Microcapelite....but how EXACTLY do you tell which are buys and sells? Is it adding the numbers up after the arrow ticks up and down?
L.
Posts: 58 | From: BLOODY COLD - MI | Registered: Apr 2006
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Anyone think that there is a chance that JPHC might back out of the merger????
Posts: 301 | From: New Jersey | Registered: Apr 2006
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It's considered a buy if the trade is at the ask, and a sell if the trade is at the bid.
For example, if the bid is .0003 and the ask is .0004, every time you see a trade at .0004 it's a "buy" because the person had to increase the bid to get the trade to go through. If a trde goes through at .0003 it's because someone "sold" by moving their ask to the bid.
make sense?
And I'm holding 10Mil shares, so don't feel bad
quote:Originally posted by LARSON: PCola77,
I am still sitting on 2 mill shares....why ????....no clue....at this point it's like whatever!......If price is right i would get out in next hour....otherwise it will be another lesson for me on the pinks!
Ok , will now totally embarass myself and ask this- yes i have L2 with Microcapelite....but how EXACTLY do you tell which are buys and sells? Is it adding the numbers up after the arrow ticks up and down?
L.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. FORWARD-LOOKING STATEMENTS
This quarterly report on Form 10-Q contains forward-looking statements. All statements other than statements of historical fact made in this annual report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. The Company 's actual results may differ significantly from management's expectations.
RESULTS OF OPERATIONS
Revenue for the six months ended March 31, 2006 was $3,994,968, a decrease of $4,611,612, or 53.6%, from $8,606,580 for the six months ended March 31, 2005. The decrease in revenue has been categorized into two areas. First, sales in 2005 to customers that were either no longer in business in 2006 or who were no longer buying from the Company and are using alternative sources decreased by approximately $1,500,000. The Company purchased many different products which were imported from both Canada and Europe. In fiscal 2006, the Company reduced the amount of imports from those areas as the United States dollar decreased in value against the Canadian dollar, British pound and the Euro, and also the loss of major suppliers resulted in a reduction of sales of approximatley $3,000,000.
Cost of revenue for the six months ended March 31, 2006 was $3,348,637, a decrease of $4,420,753, or 56.9%, from $7,769,390 for the six months ended March 31, 2005. The decrease in cost of sales is approximately the same as the percentage in revenue. The gross profit percentage for the six months ended March 31, 2006 was 16.2% compared to 9.7% for the six months ended March 31, 2005. Wholesale revenue accounted for approximately 75% of total revenue for the six months ended March 31, 2005 and had a gross profit of approximately 6%. Retail sales during the same period accounted for 25% of the total revenue and had a gross profit of approximately 20-20%.For the six months ended March 31, 2006 wholesale revenue accounted for approximately 60% of total revenue with a gross profit of approximately 7.5% and retail sales accounted for 40% of the total revenue with a gross profit of approximately 25-30%. These factors accounted for the overall increase in gross profit percentage.
Selling expenses for the six months ended March 31, 2006 were $117,188, a decrease of $95,741 from the six months ended March 31, 2005. Shipping costs decreased by $53,970 and commissions decreased by $28,036 for the quarter ended March 31, 2006 due to the decrease in revenue to wholesale customers. Advertising and related costs declined by approximately $8,000 as the Company reduced its mailing of advertising materials. There were minor increases and decreases in other selling expenses with an overall decrease which was directly related to the decrease in revenue.
General and administrative expenses for the six months ended March 31, 2006 were $692,348, a decrease of $104,052 from $796,400 for the six months ended March 31, 2005. Total compensation, including payroll taxes and employee benefits increased by $6,843. The increase in compensation reflects an accrual of salaries that had been reduced during the period to preserve cash flow. Consulting fees decreased by $35,000 to $5,000 in the period ended March 31, 2006. For the period ended March 31, 2005 consulting expense represented the balance of a one year contract that expired in January 2005. The Company reduced its allowance for bad debts by $20,000 in the period ended March 31, 2005 after writing off $151,214 of uncollectible receivables. There was no comparable cost in 2005. Professional fees for the six months ended March 31, 2006 were $181,173, an increase of $83,134 over the six months ended March 31, 2005. The entire amount of the increase is attributed to legal fees incurred in the lawsuits with Proctor & Gamble and Alcoa.
Interest expense for the six months ended March 31, 2006 was $17,514, a decrease of $10,040 from the six month period ended March 31, 2005. The decrease in interest expense is due to a reduction of the credit facility with Rosenthal & Rosenthal, Inc which reduced the monthly minimum interest expense.
LIQUIDITY AND FINANCIAL CONDITION
As of March 31, 2006, the Company had a working capital deficit of $318,878, a decrease of $172,816 from the working capital at September 30, 2005. The Company 's losses from continuing operations of $180,719 for the six months ended March 31, 2006 was funded by the decrease in working capital and increase in accounts payable and accrued expenses of $225,378. At March 31, 2006 the APO had available a $300,000 credit facility with Rosenthal & Rosenthal, Inc., of which $112,915 was outstanding at March 31, 2006 (see Note 4 to the accompanying financial statements). The credit facility is collateralized by all of APO's assets and is personally guaranteed by Dr. Jan Stahl, Chief Executive Officer of the Company. Under terms of the credit facility, the lender may call the loan if APO is in violation of certain restrictive covenants. At March 31, 2006, APO is in violation of its net worth and working capital covenants. Rosenthal & Rosenthal has not waived the violations, and accordingly, the entire amount of the obligation is callable. The credit facility matured on October 31, 2005 and was extended through December 31, 2005 under substantially the same terms as the original agreement. APO and the lender have agreed to continue the credit facility on a month to month basis through May 31, 2006.
OFF-BALANCE SHEET ARRANGEMENTS
The Company does not have any off-balance sheet arrangements that are likely to have a current or future effect on the Company's financial condition, revenues or expenses, results of operations or capital resources.
Posts: 1551 | Registered: Feb 2006
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Revenue for the six months ended March 31, 2006 was $3,994,968, a decrease of $4,611,612, or 53.6%, from $8,606,580 for the six months ended March 31, 2005.
Goodnight Irene!
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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7) possible, maybe, could be, divy for share holders in future
8) last day for JPHC to pull out of deal
9) hod will be .0004
10) MM's always win
11) this whole ordeal blew goats
I will probley sell some and keep some just to see what happens good luck to everyone who is involved with this!
Posts: 230 | From: florida | Registered: Feb 2006
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That would be like winning the lottery for me. I have long since written this one off as a "let's see what I have in 2 years after the restriction runs out". Honestly, I may not even sell if it gets me back in the black. (.001)
