posted
I just received the following email response from the CEO Michael Barron; he wrote, quote:
"We expect to file the 10QSB on or before the alloted time of 11/21/06 as planned. A press release will accompany the filing."
In estimation, the upcoming 10QSB could possibly show revenues for the 9 months ending Sep-30, 2006 to be between $18 and $23 million (an increase of at least 200 to nearly 300% over the reported $6+ million revenues for the 9 months ending Sep-30, 2005). These numbers and estimates are proportionately based on the current and last year filings and revenues generated by SFNN and by the companies they acquired (recently, between June and August, 2006). Note, according to the company's TUESDAY, AUGUST 01, 2006 press release about its latest acquisition of Allstate Funding, they give us the following earnings guidance: the new Shearson Home Loans & company anticipates over $30 million in revenue for 2006 (or proportionately, $22.5 million for the first 9 months of this year). We already know that their assets have increased to at least $87 million (an increase of nearly 500% compared to $14.8+ million reported as of Sep-2005). Further, we know that their net worth is around $40 million, and that the company is already profitable!
Per the CEO, this upcoming 10QSB and accompanying press release could come as early as this week or as late as next week Tuesday (11/21/2006), and it should be pretty big, IMO!
Posts: 74 | From: USA | Registered: Sep 2005
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posted
Looks like the CEO was wrong about the 10QSB. It's gonna be late just like last quarter...
'As previously reported in Registrant's Current Reports on Forms 8-K, as filed with the Commission on June 6 and June 12, registrant reported the acquisition of RPT Technologies, Continental Home Loans and EHome Credit. The Company is still in the process of transitioning the accounting areas of the various acquisitions with a minimum of personnel resources. Due to the Company's minimal resources in staff and the number of acquisitions it has recently completed this has resulted in the Company being unable to complete the necessary data in time to file its Form 10QSB in a timely manner.'
posted
CEO was not wrong about the 10QSB. Last year, they filed a NT-10Q on 11/14/2005 (due date set by the SEC, but note they allow a grace period of up to 5 business days to make the filing), and then they filed on 11/21/2005. Same thing this year. The CEO stated that they will file the 10QSB along with a press release on or before 11/21/2006. The financials will be excellent!!!
MM's have been doing their job, shaking shares loose, getting ready for the imminent runup. They want to make money too!
.0145 x .015! This is a steal deal, and within three trading session, we'll be in a whole new ball park. The gains at these levels will be nothing less than great!
Posts: 74 | From: USA | Registered: Sep 2005
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posted
.0151 x .016! This company is rock solid, and the stock will rise the occassion very soon!
Posts: 74 | From: USA | Registered: Sep 2005
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quote:Originally posted by SilverSurfer314: CEO was not wrong about the 10QSB. Last year, they filed a NT-10Q on 11/14/2005 (due date set by the SEC, but note they allow a grace period of up to 5 business days to make the filing), and then they filed on 11/21/2005. Same thing this year. The CEO stated that they will file the 10QSB along with a press release on or before 11/21/2006. The financials will be excellent!!!
MM's have been doing their job, shaking shares loose, getting ready for the imminent runup. They want to make money too!
.0145 x .015! This is a steal deal, and within three trading session, we'll be in a whole new ball park. The gains at these levels will be nothing less than great!
Ahh, I didn't know about the grace period. I noticed last quarter, they submitted the filing a week later (5 business days) so they weren't late.
I've added to my position at 017 and 015. This stock moves with any volume. Looking forward to that report...
015x017 1x1
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Good man, Homersbud! Ask is really thin here at .017! The company has clearly indicated that the report will be very good! One of the few OTC:BB companies in the market with significantly positive profits, revenues, assets, and net worth! I am looking forward to it as well! Tremendous upside potential here, IMO.
Posts: 74 | From: USA | Registered: Sep 2005
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posted
Nice and stable this morning, with buys coming in on the ask at .016! We should be heading up from this point and forward. Plus, another investor contacted the company, spoke with the company lawyer/accountant and received confirmation that the 10QSB statement will be made on or before 11/21/2006! The 10QSB will be accompanied by a press release, per the CEO. The financials will be excellent and they'll show how amazingly undervalued the stock really is... should attract alot of investors. Good time to get in now!
Posts: 74 | From: USA | Registered: Sep 2005
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posted
.017 now on the ask! This is an opportune time to accumulate shares; you will not want to chase once this goes!
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posted
I cannot find any publically documented connection/relationship between two. Can you?
Posts: 74 | From: USA | Registered: Sep 2005
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quote:Originally posted by chase: surfer, in your opinion, how big do you think this could be?
Based on their share structure, net worth, assets, and revenues (current and forward-looking)... I figure the pps should be between .10 and .25!
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