quote:Originally posted by T e x: there ya go, Wally...the summary I was looking for...
well, at this point, all I can say is we hit on sumpin yesterday and last night, figuring that these factors were in play, which few wanted to address:
* the potential effect of the "interview"
* for lack of a better term, the "PQL" questions
* the gap, which even fewer wanted to address, lol
Again, nice summary there, Wally
I guess all those factors have been addressed now. It did gap and the gap was definately filled.
"PQL" questions. 3 offers on the table for 90% financing.
The effect of the interview---Is obvious.
GLTA Wally
disagree re gap to be filled ... My take is 12-15 range, SPR says 1350
"3 offers" lol, call me hard-headed--I ain't convinced, yet
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by Sasquatch: Logging in the Amazon huh?
Lost all interest in this stock right there...sorry.
Can't/won't support that.
This will help, maybe your support is needed if you feel that strongly, "exclusive Brazilian license to recover sunken logs from the Amazon River and its tributaries. The Fronthaul Group's specific area of responsibility could yield a potential of $1,500,000,000 in gross revenue. Conservative estimates project 2.6 billion board feet of easily recoverable first grade hardwood lumber under our initial phase of this contract," says Gordon Brown, Director of CEOTA, a non-profit organization dedicated to the preservation of the rainforest"
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posted
10 of 13...Working on it...Got back just a bit ago..
Not sure about trader confidence as previously mentioned somewhere..Usually a pull back is to be expected, after a run..My early positions were small, just in case...Larger positions at .245 and .22
Sorta expected the decline, but the CEO on this one just might be acceptable for once...
The feed back I am reading from the conferance call seems legit'...Big factor so far.
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quote:Originally posted by 10of13: Thank you King Fish! Looks like a pul back under 15...hmmmm...
ya... technically speaking, this does have a gap to fill, as posted. It *is* a larger gap than those previously filled; on the other hand? those gaps *were* filled... point? recent history points to filling those gaps...
FA? still no solid answers, sorry. The bonds/financials angle still bothers me--and apparently the market, too. Because the bonds apparently have not traded since weeks ago, I discount the radio-interview answer that they have been offered 90%. Financials I'm hearing say only $9k on hand, in cash.... doesn't jibe for me...given the "valuations"
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Tex I see your point regarding financials, it was a concern of mine until I read they have been audited...IMO it brings credibility
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Current assets: 209,919 Software asset claimed actually has no value
Current Liability: 2,488,971
Gross Profit 2005: 409,953 2006: 44,331
Loss 2005: (297,526) 2006: (6,274,191)
The parent has cash available in the amount of approximately $57,142 as of March 31, 2006, and a working capital deficit of $2,343,730. The Convertible Notes in the amount of $1,750,000 have been reclassified because the Company may have failed to make proper notification of its intent to repurchase its own shares and does not currently have sufficient funds to repay the notes plus a 30% penalty if called by the noteholders.
Due to this breach of the loan agreement, the loans are reclassified as current and a default penalty of $528,288 was accrued.
The former accountant reasons for resigning were the 10-QSB for the quarter ending March 31, 2006 was filed prior to their completion of their review and that the Company's purchase of its common stock violated certain loan covenants and were not properly disclosed to the public.
Overall Financial Status: Very Bad, Bankruptcy Status
A lot of _paid_ pump and dump companies are working this stock. This is very bad.
Chart,
Share prices are headed for .10 per or lower. Chances are good FHAL is about to crash, hard.
Summary, company is in a psuedo bankruptcy condition. This is a pump and dump stock. Share price is about to crash very hard.
Fundamentals do not support current share price. There is no news or related deals which would attract seasoned traders nor flippers. Share price should be in the .01 to .05 per range, at best.
I would not touch this stock. At the beginning of the pump and dump, yes, a quick in and out, but this is over. Only chance for profit is some substantial news of a financial nature, very good news. I would not expect this one to bounce.
Please provide a link to this Amazon / Log news. This is important and may or may not change my overall opinion.
posted
What's up with all this gap crap??? You guys think this thing is going to dump another 5 cents tomorrow???? I find it hard to believe that this will go down to or even below where it was before the merger announcement. What about the value of the other company? What about all the optimism that caused this to run up in the first place. Nothing has changed since then except for a single red day, yet people are predicting that the stock will be valued LESS two days after that wonderful 8-K. Jeez, if that is the case than what is left to invest in?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
Purl, good info on FHAL, without the most recent developments I agree, but with the cvsu merger (their financials are audited) this is much more attractive.
PR about Amazon log recovery for your reference:
The Fronthaul Group Signs Its First Letter of Intent to Provide 3rd Party Logistics for a Major Contract Wednesday June 14, 6:30 am ET
ROCKWALL, TX--(MARKET WIRE)--Jun 14, 2006 -- The Fronthaul Group. (OTC BB:FHAL.OB - News) announces it has signed an LOI to provide third party logistics for the Climate Exchange of the Americas, Inc. ADVERTISEMENT
The Climate Exchange of the Americas, Inc. (CEOTA) has entered into a Letter of Intent with The Fronthaul Group, Inc. for management and third party logistics over their exclusive Brazilian license to recover sunken logs from the Amazon River and its tributaries. "The Fronthaul Group's specific area of responsibility could yield a potential of $1,500,000,000 in gross revenue. Conservative estimates project 2.6 billion board feet of easily recoverable first grade hardwood lumber under our initial phase of this contract," says Gordon Brown, Director of CEOTA, a non-profit organization dedicated to the preservation of the rainforest.
The Fronthaul Group will arrange the complete third party logistics life cycle including but not limited to; arranging log retrieval and milling operations and developing export markets for the environmentally safe wood products.
"We are excited by the long term opportunity and challenges laid before us with this contract. We have the opportunity to make a positive impact for our environment by making rainforest timber available without harming a single living tree and all the while increasing our bottom line and shareholder value," says Mike Alexander, President and CEO of The Fronthaul Group, Inc.
About The Fronthaul Group:
The Fronthaul Group is a Delaware corporation with branch offices in Rockwall, TX. The Fronthaul Group expects to grow their business specifically in the areas of 3rd party logistics, Transportation Brokerage, and Motor Carrier services. The Fronthaul Group is the only referral-based marketing transportation logistics brokerage and currently has over 4000 members.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: Contact: The Fronthaul Group 2233 Ridge Road Suite 102 Rockwall, TX 75087 888-293-4285 Email Contact
CEOTA Fort Worth, Texas 817-886-2311 Email Contact
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posted
Doniboy, I am going back to my original plan... Working the Nasdaq cheapies....Ventured in here on a whim, batting average is way down now doing that..profit lost from early in the week on other plays, don't ya just chit nickels when that happens? LOL
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posted
I will be looking at this company, Cassity.
A comment to make is FHAL has no value. Is this other company in good financial condition? If so, I would ask, "Why is a healthy company looking to merge with a company near bankruptcy?"
What is important is current conditions.
Might be some potential, I will look. Nonetheless, traders need to focus on right now. Prices appear to be on the verge of crashing. Does not matter what will happen in the future because of this merger. All that matters is right now.
If prices do crash and you believe there is future potential, then wait until prices bottom out, absolute bottom, then buy. Almost a certainty there will be a very small bounce up, maybe one or two cents. Should you buy at very bottom and prices come up one or two cents, you are in a position to sell and break even or very close, if "things" go sour.
That is protecting your capital.
"Letter of Intent"
A letter of intent is a red flag warning. This type of news is very typical for pump & dump. I would discount this to near zero; a letter of intent is worthless.
Additionally, you do not know if this will be a profitable venture or a loss ventrue. Sounds decent but this is not a done deal.
Another problem is FHAL has no capital, a very poor credit rating and in overall bad condition. If capital is required for this deal, FHAL does not have the capital. This suggest lending or authorizing more shares followed by dilution.
posted
"What's up with all this gap crap??? You guys think this thing is going to dump another 5 cents tomorrow????"
lol, Doni...re-read the thread...
gaps to be filled are not a "tomorrow" kinda dynamic...it's more like a "Sword of Damoclese." It "threatens" UNTIL it's proven not to be a factor. Three months out and still not filled, while stock continues up? Can safely ignore...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
That is where the deal is beautiful, bring in cvsu, they have capital to make it happen, thanks for talking it through. According to interview today they are full steam ahead with project, financing through cvsu makes it possible
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posted
A cautionary note and an excuse for me if I am dead wrong, which is highly unlikely.
Readers should always keep in mind conditions can change instantly. This one is being pumped like crazy and about to crash. There is always a chance some really wild pump news will come out which fools gullible readers. Those gullible people might start buying driving prices up. Very doubtful, very much so.
Point is, "something" could happen which lends to extreme volatility. Again, very doubtful. Still, readers should be watching this one at least every thirty minutes. There is always a chance of a flip window. For this one, I truly do not think so.
Bottom line, events could happen which will make my comments appear to be dead wrong. Nonetheless conditions _right now_ indicate readers should dump as quickly as possible.
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