posted
We'll see. Past experience with Kistler plays is multiple bounces with lower highs that eventually peter out. This one went to .0044 and .003, should top out around .0023-.0025 this time.
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
If dilution is done, it could have a second leg. Check with TA before playing.
Posts: 3225 | From: Michigan | Registered: Aug 2005
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posted
Time to take another look. The trading has been slowly strengthening this week. .0003's are still available for the patient and that looks to be a safe entry. Lots of .0004's and some .0005 going through too.
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
Pine Ridge Holdings Announces Plan for Spin-Out Friday June 20, 1:32 pm ET
FORT WAYNE, IN--(MARKET WIRE)--Jun 20, 2008 -- Pine Ridge Holdings, Inc. (Other OTC:PINR.PK - News) CEO Kevin May announced today spin-out plans for ServeNation and a potential future dividend.
ADVERTISEMENT Over the last several weeks much time has been spent examining how best to take advantage of the ServeNation holding. Although there is no question in our minds that ServeNation could be a strong long-term hold, we also realize that with the potential valuation model for Internet-based companies, the opportunity to market ServeNation is also a viable option.
As a result we have already started working with a local M&A consultant to assist in the valuation model and marketing of ServeNation. A simple yet accurate financial model has been built in that for every 50 orders per day on the ServeNation site, the value of for PINR holding increases by $20 million. As soon as sales reach 100 per day, we will begin the process of marketing ServeNation for sale.
ServeNation is currently averaging 10 orders per day. It is now management's goal to shift from a long-term growth plan to a short-term sales burst. More details about the M&A group in future press releases. Proceeds from the sale of ServeNation will of course be used to acquire additional holdings. However, to show just how strongly management is focused on shareholder value, a portion of the sale of ServeNation will be allocated as a dividend -- almost unheard of among Pink Sheet companies.
May commented, "Every step we have taken has been to increase shareholder wealth. I knew on day one that ServeNation could be the cornerstone of PINR. I believe that we can grow the value of the company in just the next few months to $40 million. At that point, all effort will be employed to sell ServeNation."
May continued, "To keep our shareholders abreast of each step towards the sale and the unprecedented dividend this potentially represents, we will be providing regular updates on the PINR website. When I started PINR, I knew that the shareholders were the key to our success and I intend to reward them for their loyalty. I want to be upfront about our goals and then share on a regular basis our progress towards our goals."
Additionally, the Company has accepted the resignation of Brian Kistler and New Opportunity Business Solutions as the company's corporate financial and communications advisor. The Company intends to announce a new IR firm at a subsequent date.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Contact: Pine Ridge Holdings, Inc. Kevin May President/CEO 260-637-1551
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
Possibly warming up for another run. A few weeks back, the company PR'd a goal of adding 500 stores to its gift card list by November, but just in the last few days they have added about 150 and claim they will have 700 by tomorrow--5 months ahead of schedule--and including some big names like The American Red Cross.
Expecting a PR in the next few trading days. It just upticked to .0004 on light volume so the PPS hasn't done much yet, but PINR's runs tend to be at least 100-200% in a few days and it might be gearing up for the next one.
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
Heating up again. PINR closed today at .0006 on heavy volume, up 100% on the week. Company website posted the following today:
PR Schedule Announced July 31, 2008
Fort Wayne, IN., July 31, 2008 - Pine Ridge Holdings, Inc (Pink Sheets: PINR) CEO Kevin May, announced today that at least three press releases will be issued between August 4-8.
May stated, “It has been nearly a month since the last release of information concerning ServeNation, LLC. In that time, the ServeNation and Pine Ridge Holdings staff have worked hard towards the goals that were outlined in previous releases. I have instructed ServeNation management to finish this week and then over the weekend to report to me in three specific areas so I can consolidate this information as PR’s to the PINR shareholders. The areas that I have requested information from and will update shareholders on are:
A progress update of the three areas of our spin-off strategy (stores, independent contractors and purchase education) with specific information related to campaigns, territories covered and education strategies.
ServeNation’s work and future with the American Red Cross.
Progress as it relates to site traffic and what progress has been made as it relates to the previously unreleased information about potential ad revenue on the site.
This press release contains certain “forward-looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete the acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company’s public announcements.
SOURCE: Pine Ridge Holdings, Inc.
CONTACT: Pine Ridge Holdings, Inc Kevin May 260-637-9090
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
.0008 A tick a day--not bad for a triple zero.
Afternoon news:
Pine Ridge Holdings -- ServeNation Goals Surpassed and Increased 3:14p ET August 4, 2008 (Market Wire) Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May announced today the early goals for ServeNation have been surpassed and increased.
May stated, "As our shareholders know, ServeNation became a unique opportunity for Pine Ridge Holdings. It contains a great business model, a win-win as it relates to social responsibility and what seems like unlimited growth potential. The current state of dot com models is such that the valuation for a revenue generating dot com like ServeNation is 3.75 times gross revenue. The decision was made to abandon a long-term strategy and to create a very specific and aggressive plan to build ServeNation through the holiday season. Then, using a skilled merger and acquisition firm, put the company up for sale. I have stated in the past and continue to state that part of the proceeds from the sale of ServeNation will be distributed in the form of a dividend and part used in the acquisition of additional high growth holdings. The math isn't hard. $15,000 a day in gift card sales puts ServeNation's value at $20 million.
"Andrew Maley was hired as Vice President of Sales and Marketing for ServeNation to aggressively pursue the three parts of the strategy to get us there -- 1) by October 1, hire 15 independent contractors across the country to build the number of gift card stores and then assist functioning stores with sales. The count as of today is 14 with others being interviewed. This goal will easily be surpassed in August. 2) Aid in the creation of 500 gift card stores by November 1 -- the beginning of the holiday buying season. Gift cards sales totaled $26 billion during the holiday season of 2007 and it is estimated that 500 active gift card stores will generate more than 100 orders per day. As of today, more than 650 stores have been created and I am revising the goal to 1,000 by November 1. 3) Aid in the education of consumers using the store. Having a store isn't enough; consumers must buy from it. ServeNation continues to work on tools to aid the non-profit entities however; Andrew has started work on our most exciting addition. Scripts are being written for video presentations that will be found on the ServeNation site. By September 15, anyone either wanting a store or wanting to promote their store will have video support by simply going to www.servenation.com. The education part of the strategy will be completed 45 days ahead of schedule and include powerful tools to help buyers."
May continued, "The reaching of the three parts of our strategy 45+ days ahead of schedule and the need to double the total store goal shows the strength of where we are headed. To be more specific about the sale of ServeNation, we are already in close contact with the firm that we will use for the sale. Once we are able to release news on that front we will. We do want all of the holiday season sales on the books to increase the value as much as possible. Work has already begun to facilitate the sale when it is the right time."
May concluded, "As we get closer to placing ServeNation on the market, we will release all information that we can, knowing that some confidentiality agreements and non-disclosures are already in place. Those who have done due diligence on ServeNation know that what we have is unique and the uniqueness is part of our value. In the spirit of openness, I will share just one of the types of strategies we are using behind the scenes... non-profit boards tend to be composed of successful business owners. These owners, once they fully understand what can be done with gift cards, become huge customers for the non-profit gift store. Law firms can buy all of their paper using Office Depot cards. Construction companies can use Lowe's or Home Depot cards. And in perhaps our most exciting recent negotiation, trucking companies can use our gas cards. A regional trucking company can buy more than $300,000 in gas per month."
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
CONTACT: Pine Ridge Holdings, Inc. Kevin May 260-637-9090
SOURCE: Pine Ridge Holdings, Inc.
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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