Thanks Jeff, here's some Xylox stuff -
I asked if the XYLOX acquisition is providing the expected revenues as was stated in the Oct 04 PR. He said that the XYLOX deal never completed. BUT, other activities have transpired during the time (read the last line of Share Structure detail - hint). I asked if they are profitable and he said OHH YESSS! The company is not funding operations through the sale of shares to raise capital. There is NO Carry forward debt. There IS Carry forward Losses which is a good thing (tax writeoffs).
BUT Turek did not issue any news release about the Xylox deal not being completed, and at least one of these two pumpers seems to have been privy to that information well prior to the priming of the pump.:
By: bestbydesign
03 May 2005, 02:34 PM EDT
Msg. 5 of 26485
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Historical info: jeccomposites.com;
Plasticon's Purchase of XyloX of North America Moves Forward
ragingbull.lycos.com
By: thinkingbigfl
03 May 2005, 02:52 PM EDT
Msg. 10 of 26485
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And more!
FatherOfTwo
Member
Member Rated:
posted May 03, 2005 14:42
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Audit details:
Audit is 99.9% complete. Working on final details and filling out paperwork for filing for move to OTCBB. Bill expected that within 1-2 weeks for everything to be complete, but to be conservative, expect a PR before the end of the month announcing the move and/or audit completion.
Investor relations:
IR campaign was just begun. The MoneyTV interview was just the start. Plans have already been made for radio interviews, webcasts and additional MoneyTV spots. We will be getting a PR next week in regards to the Next Generation of Molds. This PR is significant as it will detail production improvements and efficiencies (Jim Turek also alluded to this big PR… in their mind it is huge!!!). A new website is ready for release. The company is reviewing it before an announcement/release is made.
Share Structure:
Again he confirmed 2 billion Auth, 1.4 Bill float, 73% insider owned (restricted). He also mentioned a Private Placement / Credit Facility under very favorable terms for the company. This allows them the necessary credit for activities (read between the lines here!!!!!). I think he realized that he shouldn’t have said something, and I am not going to repeat it, but, for what else do you need credit for?????
PPS:
I directly asked about market cap, and he indicated that the current pps is around ½ times the earnings. This makes the current pps WAY undervalued. We should see a big jump in the coming weeks.
Revenues:
I asked if the XYLOX acquisition is providing the expected revenues as was stated in the Oct 04 PR. He said that the XYLOX deal never completed. BUT, other activities have transpired during the time (read the last line of Share Structure detail - hint). I asked if they are profitable and he said OHH YESSS! The company is not funding operations through the sale of shares to raise capital. There is NO Carry forward debt. There IS Carry forward Losses which is a good thing (tax writeoffs).
As an example he stated that Georgia Pacific Spinoff (Owned by GP execs) Blue Linx (?) has 64 distribution centers. Each distributor sells roughly $300,000 of the rebar supports and accessories….. That figure however is for 1 turn of inventory, and many of the centers are turning the inventory 4-7 times per year. Specifically, he stated that Miami just placed a reorder, five weeks after their last order!
{The following statement is my own personal opinion}
So, doing the math, 64 centers *$300,000 * avg. 3 turns of inventory = $57,600,000 revenue
Furthermore: ($57.6 Mill * 20% profit margin) / 1.44 Billion Float= $0.008 eps *10 mutiplier = $0.08 projected pps target
Now take into account that over 900 Million of that float is restricted, and the 64 Distribution Centers DO NOT include overseas sales!!!!!!!!!!! This thing is huge... all we need are the financials and off the pinksheets and it is going to fly!
Other Activities:
There will be announcements of acquisition(s) in the near future. There is a lot of upcoming activity slated for signage before the end of the year. He mentioned a couple times that they had DOT approval in all 50 states. I am not certain if he was trying to tell me something or not?!?
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
ragingbull.lycos.com |
