Clean Diesel Technologies (CDTI): Heading To The Junkyard
by Sonya Colberg, Senior Editor, 4/25/2017 7:47:55 AM
As Clean Diesel Technologies (CDTI) attempts to leave a terrible earnings report behind, a series of slippery mudholes stretch out in the road ahead.
The Oxnard, California company focuses on emission control products for light trucks and cars.
But TheStreetSweeper expects the stock to fall face down in one or more of the following five mud puddles:
*1. Burning Cash: Raise Ahead
The company is burning cash at the rate of about $3.5 million per quarter.
Cash coffers, at the end of last year, contained just $7.8 million.
At this point, Clean Diesel is practically running on fumes. It should have barely enough cash to operate another quarter.
The snapshot below summarizes the cash and declining revenue problem:
(Source: CNN Money)
So, Clean Diesel has to raise more money soon.
And since it historically operates in the red, it will continue to search for operating cash via debt deals or potentially dilutive stock sales well into the foreseeable future.
Average investors will find little or no relief from the company’s poor financial condition… a condition that resulted in negative earnings per share of $ -2.71 in 2015 becoming even worse at $-3.84 EPS last year.
*2. Big Losses, Going Concern: CEO Wants Raise
Meanwhile, the company lost $23.5 million last year and overall losses have accumulated to $223 million.
Auditors have expressed serious doubts about the company’s ability to continue as a going concern.
Yet guess what is on the stockholders’ meeting next month?
Shareholders will get a peek at the salary of the executives who are steering this wreck…
The disclosure to shareholders includes the salary of CEO Matthew Beale … whose compensation has accelerated to $1.36 million.
Akoustis Technologies, Inc. (AKTS): $200 Million Company Admits Patent Worth $114K
by Sonya Colberg, Senior Editor, 4/12/2017 9:04:42 AM
Akoustis Technologies, Inc. (AKTS) is now priced at an unsustainable ~$200 million valuation.
That kind of market valuation makes no sense for a risky no-product, old-patent, minimal-revenue, professionally promoted company whose key stockholder was investigated for manipulating stocks.
The Huntersville, North Carolina company is focused on an RF filter patent filed by CEO Jeffrey Shealy in 2000. The company hopes its older technology may eventually compete with well-funded, established companies whose products help wireless carriers reduce dropped calls.
Investors may find the website here of the company, which has not answered our numerous calls and emails requesting comment. However, the Securities and Exchange Commission is considering the information we've submitted.
In this second part of an investigative series (Part 1 is here), TheStreetSweeper presents additional reasons we consider Akoustis stock a major risk to investment portfolios.
*1. Company: Our Patent Portfolio Isn't Worth Much
Regulatory filings state just what Akoustis thinks its patent portfolio is worth ... $114,000!
(Source: Company SEC filing)
Yet this patent portfolio - worth about as much as a fancy pickup - is driving the whole company.
*2. Foundering Factory: Losing Millions
The stock has also recently risen on the wings of an Akoustis announcement of plans to buy an old upstate New York factory referred to as STC-MEM. The company trumpeted that a university owns the factory, which it claims historically brings in "about $3 million in revenue."
JAMN Finally Spills the Beans -- And It's an Ugly Mess
by Janice Shell, 6/2/2011 10:32:51 AM
To be sure, the 10-K offered investors little reason to sing. For starters, the filing reveals, this once-hot “coffee company” sells no coffee of its own at all. JAMN relies on a supplier based in frigid Canada – far away from the tropical Jamaican home of its co-founder Rohan Marley – to provide the company with an actual product to sell to its customers instead.
Back in April of 2010, JAMN inked a “supply and toll agreement” with Canterbury Coffee of British Columbia that gave it access to some brew. According to that agreement, JAMN relies on Canterbury to fulfill every role – save a minor one – normally satisfied by a firm that classifies itself as a coffee company. Canterbury purchases the coffee beans. It roasts them. And it then packages them in bags supplied by JAMN – the company’s only real product – for sale to the public.
JAMN signed this deal more than a year ago, right before Shane Whittle – a notorious Vancouver stock promoter – officially resigned as CEO of the company. But the company never mentioned that agreement, seemingly material enough to warrant at least a quiet 8-K report, in a single regulatory filing until now.
Jammin Java (JAMN): Hot Stock ... Bitter Aftertaste?
by Janice Shell, 6/2/2011 10:30:25 AM
It’s time to wake up and smell the coffee! That’s exactly what Jammin Java (OTC: JAMN.OB), a heavily promotedcoffee company, and – for very different reasons – TheStreetSweeper would like investors to do.
Since the beginning of the year, JAMN has miraculously risen from the ashes of the “Grey Market” graveyard to become one of the liveliest – and richest – stocks in the entire microcap arena. JAMN has seen its stock shoot straight toward heaven, soaring from 55 cents to peak above $6 a share on massive daily volume, with its market value nowtopping $355 million despite the company’s limited resources and operating history. (As covered in more detail below, two of the Internet tout sheets pushing JAMN the hardest effectively vanished -- disabled by their Internet servers -- on the day the stock’s trading volume exploded past 20 million shares.)
CCME: Few Signs of Life at 'Healthy' Chinese Firm
by Roddy Boyd, 3/23/2011 9:30:34 AM
Also, and this cannot be understated, hanging out on a sidewalk in Fujian–the sidewalks double as parking spots when the streets, which appeared to have been designed in the Han Dynasty, fill up–was not a viable option. There was also the matter of the world-class headache the Financial Investigator was developing from Fuzhou’s diabolical smell, an epic conflation of poor sewage treatment, air pollution and the smell of cabbage that made getting the hell off Dongjie street a matter of vital importance.
The Financial Investigator and his traveling companion for the trip, an American investor with extensive experience in China, decided to head upstairs despite our interview with the CFO having been cancelled at the last minute (with no explanation given.) We thought a quick tour of the offices and meeting a few other executives might open our eyes to a few things.
Though the language barrier was a little steep with the young receptionist–when we asked for writing paper, she provided Kleenex–we were in short order shown to their conference room and told to wait. It did not escape notice that pride of place in the conference room belonged to a framed certificate of participation from the Fall 2010 Rodman & Renshaw conference, the World Cup for reverse merger companies and the pumpers and touts who peddle them.
Eventually chief operating officer James Yu came down and after spending 30 minutes trying to understand who we were, concluded that giving us a tour wouldn’t hurt. Soon enough, his colleague, Vinne Ye–the chairman’s assistant–came out and took us around.
It was most eye-opening.more...
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