As you probably know already I bought a stock, EYII.OB (http://www.3stocksonfire.org/trading/index.php?topic=2252.0), for the $1,000,000 adventure.
I bought EYII because it has a good product to sell and it received a letter of intent from a governmental Chinese corporation to buy $210M of that product, throughout 2006 and 2007.
EYII sells the product, but the producer of the product (a water filter) is another small company, HYRF.
HYRF has a market cap of just $6.39M, and EYII ordered, just for the months of August, September, October, November and December 2005, more than $7.5M in filters and pitchers (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7B80223614%2D31BA%2D4748%2DB7AD%2D9EEEFDC7534F%7D&symb=) (this was before the LOI from the Chinese).
I made some math. The order from EYII was for 72,000 filters a month, until the end of the year, which gives me 360,000 filters in total. HYRF says the value of the order is to exceed $7.5M, but lets consider $7.5M as the number. $7,500,000/360,000,000 = $21 is the price of each Code Blue filter.
I found out, listening to some product presentation from EYII, that they sell the filters for $70 each.
Of course, the Chinese will negotiate the price based on the extra-large amount of their order. And EYII will probably do the same to HYRF. Let's say the final price set for the deal is $50 and EYII pays HYRF $18 for the product (this can't be called an estimate, just speculating here).
$18/$50 = 36%. 36% of $210M will end up being revenue of HYRF (the producer), which totals $75.6M for the two years, 2006 and 2007 combined.
After all it doesn't seem HYRF has a lot more potential than EYII (usually the seller gets more money than the producer), but anyway the stock is undervalued at this point.
Technically the stock rose a lot on the news but fizzled almost completely, due to lack of liquidity and the need for a reasonable chart pattern I believe. Now, with a second leg down a technical bottom can be put in place, and certainly the fundamentals of the company deserve that. Insiders have been buying some stock, not much, but some, and that's always significant. A couple of months ago an institution bought a block of shares at price $0.27.
Considering all this today I'll buy $1,000 of HYRF for the 3 Pennies on Fire Portfolio, in connection with the $1,000,000 adventure.
(This recommendation was made by David Randolph from 3 Stocks on Fire. 3 Stocks on Fire is a Community of stock traders and investors. Our 2814 members change trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)
eyii sounds really good, why isnt it on the 3 pennys on fire?? just curious.
Because I already bought EYII for the $1,000,000 experience and I don't want help from anyone following the 3 Pennies on Fire Portfolio.
Instead I bought HYRF for this portfolio, since the story is identical.
HYRF is a fine choice. ;D
FYI, based on my conversations with IR at HYRF, they are expecting more in revenues from the EYII deal than $75.6mil. But, even at your numbers, HYRF seems like a steal at this pps.
I bought this one a little prematurely at 0.20 a few days ago. I liked the story. Am glad to see it added to the 3 Stocks on Fire portfolio.
The Code Blue filter -- made by HYRF and distributed by EYII -- is the only filter on the market that removes 100% of the arsenic from water. Not Brita nor any other filter on the market does it (but the Code Blue filter can be inserted into a Brita pitcher :o). There is a huge opportunity for both HYRF and EYII. See the below anaylsis from http://members.shaw.ca/duncancrow/arsenic-in-drinking-water.html. Note that Marti is a portfolio company of HYRF:
Duncan Crow
Wholistic Consultant
Arsenic removal from drinking water
The ONLY filter proven to remove 100% of the arsenic in drinking water is available here. MARTI is cheap insurance allows you to avoid the many health problems associated with arsenic in drinking water.
[Buy an arsenic filter here]
[arsenic in drinking water references]
Arsenic contaminates our drinking water. While some occurs naturally in North America, most of the contamination is man-made.
The World Health Organization (WHO) suggests that a very small amount -- 5 parts per billion (ppb) -- noting, "Long term exposure to arsenic via drinking water causes cancer of the skin, lungs, urinary bladder, and kidney", and Health Canada adds thickening and discoloration of the skin; nausea and diarrhea; decreased production of blood cells; abnormal heart rhythm and blood vessel damage; numbness in the hands and feet. Further, Health Canada suggests that we invest in an in-home water treatment device that can reduce arsenic exposure.
Arsenic depletes your selenium, which is used to make glutathione peridoxase, a crucially important healing agent and detoxifier that is used in the body's energy cycle and also as an antioxidant that prevents damage to the mitchondria that produce the energy. The result of (ATP) depletion is low energy and cell death; this results in a failure to thrive and wasting of tissues, a hallmark of the autoimmune disorders. Arsenic has also been linked to diabetes. Although we will get sick and eventually die from low but chronic exposure to arsenic, Health Canada's drinking water quality guidelines allows 25 ppb in drinking water of livestock and humans, several times higher than could b considered to be safe.
Surveys of arsenic concentrations in rivers and lakes indicate that most are below the EPA 10 ppb standard for drinking water, although individual samples near point sources of contamination may range up to 1,000 ppb. The WHO in 1999 estimated 13% of the small municipal systems in the United States, and an estimated 20% of private wells in the United States were above 10 ppb. In some western areas with volcanic rock and sulfide mineral deposits high in arsenic, arsenic levels up to 3,400 ppb have been observed, and in western mining areas up to 48,000 ppb have been reported. Arizona, Illinois, New Hampshire, New Mexico, Southern California, New England, areas around the Great Lakes, and much of the central plains have high arsenic levels. Click here for a rough map of arsenic concentrations in ground water in the USA, and here is a county map.
Although smelters and mines, and their tailings and ash disposal are known hot spots, many recent studies mention treated wood as another cuplrit (both in use and in landfills). For example, one study found that soil under treated wood playground equipment contained up to 24 times more arsenic than areas just 10 metres away, and even touching pressure-treated wood gives you arsenic exposure according to this Canadian Cancer Society article. Burning tainted wood waste only spreads the arsenic around, a point that the Groundwater newsletter makes in their coverage of CANFOR's use of arsenic in the interior in a desperate attempt to kill the Mountain Pine Beetle.
Obviously, doing what we can do to avoid arsenic exposure is good, and the introduction of the ONLY water filtration system that eliminates 100% of the arsenic is nothing if not timely. Essentially Yours Industries, the company that also brought us Prosoteine to help increase energy by healing mitochondria that produce it, has the exclusive right to sell Code Blue water filters. In the cheapest and simplest portable incarnation from Metal and Arsenic Removal Technology Inc. ( MARTI http://www.martiinc.com ) Code Blue is a pitcher and cartridge system that is similar to the hugely popular Brita system (a Code Blue cartridge will fit a Brita pitcher); this has been used by the U.S. military in some of their foreign campaigns. Also available are other systems for industrial, municipal, and residential use. MARTI systems use a proprietary compound (ARTI-64 T) that cleans the water without pH adjustment, no harmful byproducts are produced, and treatment is unaffected by nitrates, phosphates, silica, or sulfates.
Jay Sargeant, President and CEO for EYI, states: "I fully expect that all of our distributors and customers will see that the nutritional support products we offer can only be enhanced with the pure water that will be provided by the (Code Blue) water systems. It seems like such a simple solution, and now we can offer our customers an exciting and innovative way to deal with a problem that has been recognized worldwide. We intend to price and sell the units at an affordable price so that Canadian and American families can benefit."
This is a HUGE development with significant growth potential for both publicly-traded companies. Distributors and agents are welcome. Start here now and let's get Code Blue out there to remove the arsenic in drinking water.
--------------------------------------------------------------------------------
Arsenic in Drinking Water References:
Compare the Code Blue (MARTI) water filter to the rest of the pack:
http://www.martiwater.com/arti64.htm
This site has an EPA map of where the KNOWN arsenic is, and remember the states that are gray, are not the healthy states, they are simply the states where there was no testing!!
http://www.nrdc.org/water/drinking/qarsenic.asp
http://www.usatoday.com/news/health/2001-05-02-bottled-water.htm
http://www.usatoday.com/news/health/women/2002 -01-08-water-pregnancy.htm
http://news.bbc.co.uk/1/hi/world/europe/1309841.stm
Map link for Arsenic in Water problem areas in US: http://miraculewater.com/images/ArsenicMap1.jpeg
More maps at: http://www.agiweb.org/geotimes/nov01/feature_Asmap.html
and at: http://water.usgs.gov/nawqa/trace/arsenic/
Arsenic ( From: http://www.nrdc.org/health/kids/ocar/chap7.asp )
The most significant non-occupational exposure to arsenic now occurs through the contamination of drinking water. There are numerous studies of populations with exposure to high levels of arsenic through drinking water (at levels above the current EPA standard -- unchanged since 1942 -- of 50 ppb). In humans, skin cancer has long been associated with chronic ingestion of arsenic.[47] Bladder, lung, and other types of cancer have also been observed at elevated rates in populations exposed to arsenic in tap water.[48] In the United States, more than 50 million people drink tap water containing arsenic, mostly at levels below EPA's current standard of 50 ppb. It has been estimated, however, that 25 million people in this country are exposed to at least 25 ppb of arsenic in their drinking water and that as many as 350,000 people may be exposed to levels greater than the 50 ppb standard.[51]
California state experts found that water containing arsenic at the level of the EPA's current drinking water standard (set in 1942 before arsenic was known to cause cancer) presents a risk of more than one cancer in every one hundred people exposed -- 10,000 times higher risk than the EPA's standard "acceptable" cancer risk of one in one million.[52] This is extremely troubling because 35 million people in the United States drink water every day from their community water systems that contain arsenic at a level of over 1 ppb, which presents a very significant cancer risk.[53]
While numerous studies in other countries have demonstrated arsenic's carcinogenicity at moderate to high doses, a handful of very small studies done on U.S. populations have failed to show a statistically significant increase in the risk of developing skin cancer at low dose exposures. The difficulty of demonstrating adverse health effects may be due to the type of study design and the small populations studied, both of which decrease the statistical power of a study to detect adverse health effects.
Researchers from the University of California recently found increased rates of death from vascular diseases such as arteriosclerosis, aortic aneurysms, and other diseases of the arteries, arterioles, and capillaries among Americans living in areas with relatively higher levels of arsenic in their drinking water.[54] Another study found a link between this widespread drinking water contaminant and diabetes mellitus.[55]
According to the study of large populations in Taiwan, people who receive significant levels of arsenic in their drinking water have a six to ten times greater risk of developing diabetes mellitus. The researchers found that there was a dose-response relationship -- that is, the more arsenic in the drinking water, the more likely the person was to be diabetic -- reinforcing the weight of their findings. The researchers concluded that chronic arsenic exposure "may induce diabetes mellitus in humans."
Water In the News
Good water quality report links.
Study: Bottled water no better than tap water
Bottled Water: Pure Drink or Pure Hype?
BBC News: Bottled Water, A Waste Of Money!
Dirty tap water puts pregnant women at risk
Our Children At Risk
Weed Killers By The Glass
Study: http://www.waterwarning.com/editorials.htm
Study: http://www.waterwarning.com/waterfact.htm
http://www.nrdc.org/water/drinking/qarsenic.asp
http://www.who.int/mediacentre/factsheets/fs210/en/index.html
Duncan Crow HOME
Thanks for your posts and analysis :)
HYRF's fundamentals have changed for the better, but the chart wasn't ready for any advance, and these higher opens certainly don't help (because they favor a red or black candle, instead of a white one).
But I'll show patience while the chart gets itself together for the expected powerful advance.
HYRF's CEO, Dennis Mast was interviewed on the wallstreetreporter.com today. During the interview, he stated that the combined companies of HYRF will be doing $500mil per YEAR in income in two years. Anyone think that the current $6mil marketcap is undervalued? ;D
http://www.wallstreetreporter.com/profiles/HYDROFLOINC.html
Copied from another board:
Hydroflo (HYRF otcbb) is a legit business development company about to recognize explosive revenue growth that dwarfs it's current $6M market cap. Their portfolio of 100% owned subsidiaries sells patented technology and products to purify water, including the only one that easily removes arsenic - a serious growing international health threat. One of their distributors, EYI, recently announced a letter of intent from a Chinese importer to sell $210M of HYRF's products (http://biz.yahoo.com/iw/050815/093063.html). In addition to that potential deal, before its announcement, the CEO reported in an interview that they expect $40M of revenue for 2006 and are currently processing $8.6M of orders as of early August (http://biz.yahoo.com/iw/050809/092682.html). With only a $6M market cap, the $.17 share price can easily grow to many times this amount once these revenues start getting recognized and reported.
The company is legit, fully reporting, free of litigation, profitable as of last quarter, with a clean balance sheet and minimal needs to experience share dilution. Their last sale/issuance of shares was at $.27, so you can even get in under that price. It is heavily owned by insiders and thus has a small float. This might be an exceptional opportunity, before it gets discovered. I'm accumulating before their 10K filing release by end of September.
Cd
Great post fill_the_gap, it says it all :D
Yesterday HYRF finally gave it's first bullish sign, reacting positively to the descending trendline (prior resistance, now support).
There's no doubt I'll continue to hold this penny stock, whatever happens.
Some news on HYRF:
«HydroFlo CEO Featured in the Wall Street Reporter
Aug 18, 2005 12:43:00 PM
RALEIGH, NC -- (MARKET WIRE) -- 08/18/05 -- HydroFlo, Inc. (OTC BB: HYRF) announced the company's Chief Executive Officer, Dennis L. Mast, is featured today in an interview in the Wall Street Reporter. The topics of discussion include HydroFlo's five portfolio companies and all patented technologies that are marketed by the corporation. The interview also centered on the objectives and expectations for corporate expansion into the next calendar year.
During the interview Mr. Mast explains the latest agreement amendment with Essentially Yours Industries, Inc. (EYII) and the $210 million letter of intent received by EYII. He also discusses his projections and outlook for substantial financial growth of HydroFlo in the next 2-3 years.
To hear the entire interview, visit www.wallstreetreporter.com. The interview can be accessed by locating the ticker symbol (HYRF) on the right hand column under the OTCBB exchange heading.
About HydroFlo
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.»
Such excellent work guys. Looks like a great find...I will nibble today.
OK, I'm going to take a stab at some TA here. :o
The chart on HYRF over the last couple of days is very encouraging. After the sell off after the big white candle on Monday, we can see support was quickly found at the Tweezer Bottom of Wed/Thurs at $0.165. This would normally indicate a possible trend reversal (albeit a short 2 day correction) which was confirmed on Friday with the Spinning Top and much higher volume than on Thursday. I will feel better with continued strength on Monday but at the least it doesn't look like HYRF will be following the downtrend line anymore with strong support around the $0.165-0.170 level and an increase in volume to the upside.
I am even more encouraged by the consolidation that happened on the intraday (I know we don't look at intraday noise but it gives me a warm fuzzy feeling in this case) from Tuesday-Thursday. A close at the high yesterday would have been a nice finish. Again, Monday will show solid confirmation of an uptrend if the market decides to make it so.
Thoughts? Am I way out in left field here? ???
Nice technical analysis basonista, I fully agree with you.
HYRF is getting more and more ready to advance, just look at the volume increase at the bottom of the chart below. They're getting big orders from EYII and the thing has just started. Look for a big revenue and earnings jump over the coming quarters.
If the EYII letter of intent with the Chinese turns into a signed contract I estimate that of those $210M about $75M will end up as HYRF's revenue from this deal alone. Not bad for a company with just $6.75M of market cap 8)
Now, even if the LOI doesn't turn into a contract, HYRF is still very undervalued and I expect many positive surprises over the upcoming quarters. So HYRF is a long term fundamental holding of the 3 Pennies on Fire Portfolio.
Quote from: David Randolph on August 17, 2005, 06:03:07 AM
As you probably know already I bought a stock, EYII.OB (http://www.3stocksonfire.org/trading/index.php?topic=2252.0), for the $1,000,000 adventure.
I bought EYII because it has a good product to sell and it received a letter of intent from a governmental Chinese corporation to buy $210M of that product, throughout 2006 and 2007.
EYII sells the product, but the producer of the product (a water filter) is another small company, HYRF.
HYRF has a market cap of just $6.39M, and EYII ordered, just for the months of August, September, October, November and December 2005, more than $7.5M in filters and pitchers (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7B80223614%2D31BA%2D4748%2DB7AD%2D9EEEFDC7534F%7D&symb=) (this was before the LOI from the Chinese).
I made some math. The order from EYII was for 72,000 filters a month, until the end of the year, which gives me 360,000 filters in total. HYRF says the value of the order is to exceed $7.5M, but lets consider $7.5M as the number. $7,500,000/360,000,000 = $21 is the price of each Code Blue filter.
I found out, listening to some product presentation from EYII, that they sell the filters for $70 each.
Of course, the Chinese will negotiate the price based on the extra-large amount of their order. And EYII will probably do the same to HYRF. Let's say the final price set for the deal is $50 and EYII pays HYRF $18 for the product (this can't be called an estimate, just speculating here).
$18/$50 = 36%. 36% of $210M will end up being revenue of HYRF (the producer), which totals $75.6M for the two years, 2006 and 2007 combined.
After all it doesn't seem HYRF has a lot more potential than EYII (usually the seller gets more money than the producer), but anyway the stock is undervalued at this point.
Technically the stock rose a lot on the news but fizzled almost completely, due to lack of liquidity and the need for a reasonable chart pattern I believe. Now, with a second leg down a technical bottom can be put in place, and certainly the fundamentals of the company deserve that. Insiders have been buying some stock, not much, but some, and that's always significant. A couple of months ago an institution bought a block of shares at price $0.27.
Considering all this today I'll buy $1,000 of HYRF for the 3 Pennies on Fire Portfolio, in connection with the $1,000,000 adventure.
(This recommendation was made by David Randolph from 3 Stocks on Fire. 3 Stocks on Fire is a Community of stock traders and investors. Our 2814 members change trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)
What is the million $$ portfolio?
Archie
Quote from: archie2 on August 22, 2005, 02:38:54 PM
What is the million $$ portfolio?
Archie
This should explain it ;)
http://www.3stocksonfire.org/trading/index.php?topic=920.msg4587#msg4587
What can I say more about HYRF?
QuoteHYRF is a long term fundamental holding of the 3 Pennies on Fire Portfolio.
Reading this whole thread you know why I bought the stock and why I need to continue holding it for the upcoming quarters. I believe revenue will grow, a lot, at this company, and the order book shows that, unless HYRF and EYII are both lying.
Reading through the DD, all I can say is you conviced me!!! I am in at .175.....
Looks like a super short and long term hold... 500 million in revenues over the next 2 years. This stock is obviously under the radar... I just wonder for how long???
Is EYII dragging down this stock today???? How dependant is it on EYII's chinese letter of intent to go up??? I bought 4000 shares yesterday at .18... ??? ??? ???
I truly believe that those of us who are patient with this one will be rewarded. Here is some after the bell news released by EYII that bodes well for both HYRF and EYII. This should be just the beginning.
Press Release Source: EYI Industries Inc
EYI Industries Initial Sales From Code Blue Water Filtration System
Tuesday August 23, 4:28 pm ET
BURNABY, British Columbia, Aug. 23, 2005 (PRIMEZONE) -- EYI Industries Inc. (OTC BB:EYII.OB - News) (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that pre-launch sales of the patented Code Blue(tm) water filtration systems have surpassed expectations as 2,900 Code Blue(tm) units have been ordered in advance of any promotion.
EYI commenced a pre-sale program for any distributors interested in testing out their latest offering, prior to the delivery of the product. As a result, over 2,900 Code Blue(tm) Water Filtration Systems were ordered for gross sales over USD$160,000. The Code Blue(tm) units are now in the EYI warehouse and being shipped to distributors.
EYI Industries President and CEO, Jay Sargeant stated, ``We were very pleasantly surprised and excited to see such large initial demand for the Code Blue(tm) Water Filtration System.''
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA Investor Relations directly at
[email protected].
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(r), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(r) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE, is experiencing similar success to CALORAD(r) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Contact:
EYI Industries Inc.
Jennifer Trevitt, Investor Relations
(604) 759-5017
[email protected] AGORA Investor Relations
[email protected] http://www.agoracom.com/IR/EYI
--------------------------------------------------------------------------------
Source: EYI Industries Inc
Thanks for posting the news stocksquire :)
EYII managers and investor relations have clearly changed strategy, since they're probably disappointed with the market action over the last week or so.
Now they're delivering hard numbers and facts, not expectations about the future or future enormous deals. And the fact is, 2900 Code Blue filters were sold to EYII distributors in a couple of weeks for revenues of $160,000, that is, each has a cost of approximately $55.
I estimate that they're paying $21 for each code blue to HYRF (the producer of the product), so the 2900 filters sold generated revenues of $60,900 to HYRF.
The 2,900 filters were sold so fast that EYII has ordered somewhere in between 15,000 and 20,000 more code blue filters. That will generate revenues of between $315,000 and $420,000 for HYRF in the next 2 to 4 weeks, according to EYII CEO.
HYRF has a market cap of $6.2M. I believe in the product the company makes and hard numbers, sales and profits will be shown in the upcoming earnings reports.
So I'm a long term holder of HYRF and I don't mind the short term volatility and lack of visibility.
Fundamentals always win over the long run, and there's little doubt fundamentals are attractive on HYRF. I'm holding this penny stock for the long term.
I don't want to consider the short term candlestick developments on HYRF.OB, so for today I'll show you the big picture on the chart below.
Just watch the volume and the descending trendline breakout. Join this with the future fundamentals of the company and you get a big advance. That's what I'm waiting for with HYRF.OB, not some sardines ...
David,
I e-mailed HYRF and asked where the filters and other products are manufactured. Rebecca Morgan, PR representative, responded and said that HYRF has an agreement with WAL S.A. ( a manufacturer in Geneva, Switzerland) to provide pitchers and filters. Since HYRF does NOT produce the product, this may have some effect on your revenue calculations as indicated in Reply #21.
Thanks for the info baltojohn2003 :)
I suspected that when I was looking around their website. No, it doesn't change the revenue calculus. They sell each of those filters for about $21, after they buy them from that Swiss company for $X.
The price they pay the swiss company is their cost, the price they sell the product is their revenue. The difference is the gross margin. I don't know the gross margin, but the calculus I've made is about revenue, and revenue growth (and eventually profit growth) is the primary reason for me to hold this stock for the long term.
Again, thanks a lot for the info.
From a technical standpoint, HYRF is set to take out the g spot from 2 weeks ago at .23.
Here is the deal.
Had a long conversation with the CEO.
I am Buying a ton of shares here because :
- The EYII Executives have been in China this week to in the words of the HYRF CEO,
To try to Finalize the deal. Said Letter of Credit is what they are there to get.
- NO Other Companies are up for the bid, just HYRF product thru EYII
(Also Buying alot of EYII here as 50 Day Moving Average)
They get the Letter of Credit and no telling how high we go.
- ONLY company with the MARTI system for the water
- Now, HYRF is fine with or without the deal, so bought regardless
So many patents and deals in process
- HYRF just had a large order (PR) that will hit the books
- Chart came down from 38 cents or so recently
- Great selection, David !
All I can do is go off of the conversation. Recommend that you call him with any questions.
Many things can happen for a deal to not go thru, but he said very positive about the LOC.
http://biz.yahoo.com/iw/050815/093063.html ;D
Maybe a PR when they return from China.
I bought in the other day at .175 cents. Liking more of what I see I added yesterday at .20 cents.
The volume tells the tale as far as I am concerned. Barring any negative news I see a gap in the making... The pressure is building and it is just a matter of time.....
Excellent find Dave....
I bought a nice sized chunk at .21, this looks to be a solid stock with plenty of opportunities. Volume tells.. volumes, excuse the pun. Volume tells me this stock is just being discovered, and this will bring many benefits to both long and short term traders alike. Good luck all, I feel confident about this one
Lets do some math and someone let me know if I am totally off base....
Now based on a previous post that stated...
HYRF's CEO, Dennis Mast was interviewed on the wallstreetreporter.com today. During the interview, he stated that the combined companies of HYRF will be doing $500mil per YEAR in income in two years. Anyone think that the current $6mil marketcap is undervalued?
Now lets say 500 million per year with a 10% net profit margin (very very conservative).
500,000,000 * .10 = 50,000,000 Net Earnings..
Now lets apply that using a P/E ratio of 25 and an Outstanding Share count of 32 million.
50,000,000 / 32,000,000 = 1.56 * 25 = 39.00 Share Price... WOW
Lets be conservative here
Now lets say 50 million per year with a 10% net profit margin ....
50,000,000 * .10 = 5,000,000 Net Earnings
5,000,000 / 32,000,000 = .156 * 25 = 3.90 Share Price..
Lets be ultra conservative here
Now lets say 10 million per year with 10% net profit margin.....
10,000,000 * .10 = 1,000,000 Net Earnings
1,000,000 / 32,000,000 - .0313 * 25 = .783 Share Price....
This stock anyway you look at it is presently generating revenues and is way undervalued.
If I am totally off base... Somebody fill me in.... Thanks
Great information and research from fill_the_gap and aitech61, thanks :D
The stock is responding to fundamental developments, slowly, but it's doing it. As aitech61 said, the potential of this micro cap is outstanding, having a product that can be sold worldwide.
I'm a long term holder of HYRF.OB, but since I must make a daily update on the analysis, I'll do a bit of medium term TA:
HYRF.OB is now positioned to break the $0.25 short term resistance level and that will trigger a target of $0.335. It's a good thing that the stock is so close to the highs made on the big news day, unfortunately we can not say the same about EYII.OB.
But eventually the two stocks will push higher in tandem, since they both benefit handsomely from a star product they got: Code Blue (you can learn more about the product here: www.stopdrinkingpoison.com (http://www.stopdrinkingpoison.com)
Confortably holding HYRF.OB, fundamentals and technicals are on our side.
I am new to the board, but not HYRF. I have been tracking it for some months now. I like your analysis, particularly the "big picture" posted a few days back. And I agree with you that, provided HydroFlo and EYII are being forthright with us, we are positioned for good growth.
jc
Quote from: jcrom on August 29, 2005, 07:39:21 AM
I am new to the board, but not HYRF. I have been tracking it for some months now. I like your analysis, particularly the "big picture" posted a few days back. And I agree with you that, provided HydroFlo and EYII are being forthright with us, we are positioned for good growth.
jc
Thanks for your post jcrom :)
HYRF.OB opened too high yesterday and fell back. But it held in positive territory, which is a plus. From what I've seen with this stock it isn't able to run very fast, it is a slow stock, that is why it will probably have a prolonged advance.
I will continue holding HYRF for the long term, I'm a believer in the success of the Code Blue product.
I feel comfortable with this company and see the dip to .19 as a buying opportunity. I just bought at .191. The 13dma has crossed the 50dma and IMHO the trend is up. We need to hold the support between .185 and .19. Even a slight dip there will not concern me as long as the fundamentals stay the same... Again most of my purchases are at .175.
We shall see!!!!
I think today's movement was good for HYRF. It relieved a lot of tension and moved the technicals back to a less over bought situation. And we held support at .20 , which I feel was necessary.
jc
fyi:
HydroFlo Move Underway
Wednesday August 31, 8:30 am ET
RALEIGH, NC--(MARKET WIRE)--Aug 31, 2005 -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) will begin the official move of its headquarters today and open doors to its new location in Reliance Corporate Center in Apex, North Carolina, on September 1. The new location is to be utilized by all HydroFlo companies, which include HydroFlo Water Treatment, Metals & Arsenic Removal Technology, Safety Scan Technology, Ultra Choice Water, and Advanced Water Recycle.
Since its inception in 1999, HydroFlo's tremendous growth facilitated the need for additional office space with room for expansion and growth. Dennis L. Mast, CEO of HydroFlo, expressed his excitement for the upcoming relocation, "Our Company has grown exponentially in both number of employees and business opportunities. The time to move to a larger facility is definitely at hand, and I am pleased that we are moving to a location in which we can expand as the multiple opportunities in the water industry continue to present themselves."
The new address for the company is 2501 Reliance Avenue Apex, NC 27539. The company phone numbers will remain the same to ensure consistency for all clients and interested parties.
Thanks for your posts.
HYRF.OB made a pullback to the ascending trendline and recovered nicely by the end of the session. The stock is stuck between the ascending trendline and the horizontal resistance at $0.25. Usually in these cases the ascending support wins and the stock breaks higher.
Confortably holding HYRF.OB for the long term.
Today was another good day. We are still following up our trend line toward resistance.
I think we may test 0.25 tomorrow possibly.
Even though we closed down from yesterday, the buys today actually outnumbered the sells
195,736 - 133,014
I bought more today.
jc
HydroFlo Water Treatment to Present at WEFTEC
Sep 1, 2005 8:30:00 AM
RALEIGH, NC -- (MARKET WIRE) -- 09/01/05 -- HydroFlo Water Treatment, Inc. (HWTI), a portfolio company of HydroFlo, Inc. (OTC BB: HYRF), announced the company will exhibit their product line at the 78th Annual Water Environment Federation Technical Exhibition and Conference (WEFTEC). The convention will run from October 29 through November 2 in Washington, DC.
HWTI will market the company's Pressure Line Up Stream (PLUS) Units and the Aero Transfer Systems (ATS) at the event. The company will also take this opportunity to introduce the new HydroFlo Dissolved Air Flotation Unit (HDAF) to thousands of commercial water and wastewater customers. The exhibit will highlight the HDAF Unit's efficiency and proven effectiveness to lift and remove waste from water.
The Water Environment Federation has been holding annual meetings since 1928. WEFTEC officials expect the conference in Washington, D.C. to be the best event to date. WEFTEC features the most comprehensive technical education, as well as access to the world's most powerful water quality exhibition. In the water and wastewater industries, WEFTEC is considered to be the best source of insights into developments, regulations, and research. In addition, WEFTEC showcases emerging technologies and proven approaches to everyday water quality challenges.
Tom Barbee, Chief Operating Officer of HWTI, is looking forward to displaying the latest addition to the company's product line at this year's convention. "The 2005 conference will provide HydroFlo the opportunity to not only display our product for potential commercial clients around the world, but to give them an opportunity to see how it works first hand. We can bring the product directly to clients in one central location that can change the way industries skim and remove waste."
Nice finish on HOD...Stock is primed and ready..... Is this the time?????
We shall see...
News out:
MARTI Signs Agreement With Chinese Manufacturer
Tuesday September 6, 8:00 am ET
WAL Pitcher & Filter Contract Terminated
RALEIGH, NC--(MARKET WIRE)--Sep 6, 2005 -- Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTC BB:HYRF.OB - News), today announced a new contractual agreement with a major international plastics injection molding firm for production of MARTI pitcher and filtration units. These units will initially be manufactured in a highly automated, 100,000 square meter facility located near Shanghai, in amounts of up to 1,200 pitchers and 4,000 filters daily.
This manufacturer will help MARTI fulfill the large backlog of orders recently received through MARTI's current distribution channel. They will also ensure ongoing production capacity to meet projected orders through 2007 and beyond. The Chinese manufacturing facility is also favorably located logistically to cost effectively meet the growing Indo-China market and recently identified distributors throughout the Pacific Rim.
Based partly on production limitations, accelerating product demand and regional distribution considerations, MARTI and WAL S.A. (WAL), in a mutual agreement, have agreed to terminate their pitcher and filter production contract as of July 27, 2005. MARTI will continue to distribute the current inventory of WAL products per contract termination agreements. Production has already been shifted to the Asian operations, with new product coming on line in late September.
Chief Operating Officer of MARTI, George Moore, commented that the shift in manufacturing supply chain logistics, though difficult, became necessary to meet the exponential demand, and evolving MARTI marketing strategy explaining, "I am delighted to be able to produce pitchers and filters in such volumes that not only can we fulfill a projection of over $210 million worth of product sales, but we will now have the production capacity to develop our own branded products which will be available to a wider geographical market."
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.
Thanks for posting the news la-onda :)
Let me post the link for the complete press release: MARTI Signs Agreement With Chinese Manufacturer - WAL Pitcher & Filter Contract Terminated (http://www.3stocksonfire.org/trading/index.php?action=post;topic=2301.15;num_replies=20)
Let me make this highlights:
«These units will initially be manufactured in a highly automated, 100,000 square meter facility located near Shanghai, in amounts of up to 1,200 pitchers and 4,000 filters daily.»
«This manufacturer will help MARTI fulfill the large backlog of orders recently received through MARTI's current distribution channel. They will also ensure ongoing production capacity to meet projected orders through 2007 and beyond. The Chinese manufacturing facility is also favorably located logistically to cost effectively meet the growing Indo-China market and recently identified distributors throughout the Pacific Rim.»
«Production has already been shifted to the Asian operations, with new product coming on line in late September.»
«Chief Operating Officer of MARTI, George Moore, commented that the shift in manufacturing supply chain logistics, though difficult, became necessary to meet the exponential demand, and evolving MARTI marketing strategy explaining, "I am delighted to be able to produce pitchers and filters in such volumes that not only can we fulfill a projection of over $210 million worth of product sales, but we will now have the production capacity to develop our own branded products which will be available to a wider geographical market."»
There's no doubt these are great, great news. HYRF is technically and fundamentally very bullish. This makes the $210M Letter of Intent more and more real for investors, I believe.
I wonder why EYII isn't benefiting from this, the market is very suspicious, but I'm not, I guess traders and investors need to see the news on their face to react !
It is possible that today HIRF will reach $0.335, but I won't sell anyway, not with this fundamental background.
HI David, congratulations on HYRF ! you rule ! ;D
Your target is almost on my screen, and so my next donation.
I think the next move will be EYII following the move on HYRF.
thanks !
Nice move today... You just get that feelilng that a major breakout is forthcoming. Reminds me of BRVO after its move from .16 cents to the mid .30 cent range before it exploded to over a $1... Big difference. HYRF has a much much lower float and outstanding share count and soon to be much greater revenues...
This could get exciting quick...
We shall see!!!!
David,
Great pick on HYRF, I am also holding EYII at your buy point and just sold CRGO today. I hope EYII will snap back, the feel I get from the board is that it could indeed happen.
Here is my question:
Regarding HYRF, you mention in your original post that this is a play for the $1,000,000 portfolio. That being the case, is your sell target exactly a double from your buy point? Or will you be holding this one past a double when it gets there?
Thank you,
JB
Help me with the conversion if you can.
The article says.... 100,000 square meter facility located near Shanghai,
In square feet, my calculator says over 1 million.
Cannot be correct ?
Not sure is this is correct either but according to this website the conversion factor from square meters to square feet is:
10.76 sq.m = .0929 sq.ft
so I come up with
100000 sq.m .0929 sq.ft
__________ * __________ = 863.4 sq.ft
1 10.76 sq.m
The website for the conversion is here:
http://www.scijournals.org/misc/conversion.shtml
I used this for the formula.
http://www.onlineconversion.com/area.htm
It's the other way around 422.
Should be 1 sq mt = 10.76 sq ft. Think about a meter equaling approximately a yard which we all know is 3 feet. And squaring. ;)
Our building would then be 100000 sq mt = 1,076,000 sq ft (fill got it). Not a small space. ;D
That would also equal 24+ acres. Is that the right size? That's huge!
That has to be a typo on their part.
I will call tomorrow.
Not a huge deal, just blew me away with the conversion.
:o
Ah yes, I see the error of my ways ;D
Misread the chart...good catch.
...and to think, I have a minor in math :-\
I was out most of the day and come back to CHA-CHING! Anyone taking any off the table...I don't want to be a pig :)
laterz...Jody
I was away from computers for a week and missed the call to get in. Too late? What thinkest ye?
Prfsr Hal
Thanks for your posts guys :)
My quote:
QuoteIt is possible that today HIRF will reach $0.335, but I won't sell anyway, not with this fundamental background.
Well, it did reach $0.335, when it was up 40% during this session :o
JB question:
QuoteRegarding HYRF, you mention in your original post that this is a play for the $1,000,000 portfolio. That being the case, is your sell target exactly a double from your buy point? Or will you be holding this one past a double when it gets there?
No, no, EYII is the $1,000,000 experience stock (the worst stock I ever bought, I can tell you :-[), HYRF is on the 3 Pennies on Fire Portfolio and I'm not thinking about selling with just 100% profit.
fill_the_gap quote:
Quotehat has to be a typo on their part.
I will call tomorrow.
Not a huge deal, just blew me away with the conversion.
Thanks fill_the_gap, please inform us on the results, thanks :)
Prfsr Hal quote:
QuoteI was away from computers for a week and missed the call to get in. Too late? What thinkest ye?
Prfsr Hal
I think it is not too late to buy HYRF.OB. I will definitely continue to hold the stock, I can only see strong sales and profits ahead.
No, no, EYII is the $1,000,000 experience stock (the worst stock I ever bought, I can tell you
==================================================
David,
Do you think EYII will follow HYRF ?
A potential conclusion is that HYRF has manufacturing capabilites to get redy for the EYII order ?
Aside from your buy price, do you not like EYII future ?
Nice strength after the runup yesterday....
This could get interesting!!!!!!
David ... I am all over this one and in a big way. What a great find, and in my own state of North Carolina. An afternoon press release suggests that this may be bigger than we all had hoped. Relevant portion below: Dave
MARTI Provides Details Regarding China Manufacturing
Wednesday September 7, 3:38 pm ET
North Carolina Production Contract
RALEIGH, NC--(MARKET WIRE)--Sep 7, 2005 -- Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTC BB:HYRF.OB - News) continues to expand on released information regarding their new agreement for pitcher and filtration system manufacturing contracts. Yesterday the company announced an agreement with a major Chinese international plastics injection molding firm for production of their water filtration units. MARTI went on to confirm speculation that the contract with their European contractor, WAL S.A., based on a mutual agreement between both parties, was terminated to ensure increased production through the current distribution channel.
Yesterday's release of information also declared initial production estimates in amounts of up to 1,200 pitchers and 4,000 filters daily; however, after further negotiation and discussion with the manufacturer, these numbers have increased by more than 5 times their original projections. The company today announced that approximately 8,000 pitchers and 25,000 filters will begin the initial daily production goal. The new manufacturer will produce over 2 million pitchers and 6 million filters per year; providing the company more opportunity for order fulfillment than ever before.
MARTI also announced that contracts are complete with a textile firm in Eastern North Carolina to manufacture the ARTI-64(TM) media for their filtration units. The company will provide an abundant supply of inserts for each of the water filtration units with the patented arsenic and bacterial removal technology.
The e-mail and reply from Investor Relations.
I would like to know more and will contact Dennis the CEO.
-------------------------------------------------------------------------------------------------------
Jeff,
I will quote the company directly, "100,000 sq. metre facility."
Regards,
Rebecca
> Please verify that is is over 1 Million Square Feet just for HYRF with the
> CEO.
>
> Not doubting you. But this seems gigantic !
> What will the cost be ?
>
> Why so large ?
>
> Is it shared or just HYRF ?
>
> Thank you,
Quote from: fill_the_gap on September 07, 2005, 11:17:40 AM
No, no, EYII is the $1,000,000 experience stock (the worst stock I ever bought, I can tell you
==================================================
David,
Do you think EYII will follow HYRF ?
A potential conclusion is that HYRF has manufacturing capabilities to get ready for the EYII order ?
Aside from your buy price, do you not like EYII future ?
I love EYII fill_the_gap, but it is the worst stock I've ever bought because I'm losing 59% on it. Anyway, I believe over the long term fundamentals will win and the stock will rise, but I don't know when. For know the market doesn't agree this was a good pick, in fact, it says it was awful and the market is always right.
QuoteYesterday's release of information also declared initial production estimates in amounts of up to 1,200 pitchers and 4,000 filters daily; however, after further negotiation and discussion with the manufacturer, these numbers have increased by more than 5 times their original projections. The company today announced that approximately 8,000 pitchers and 25,000 filters will begin the initial daily production goal. The new manufacturer will produce over 2 million pitchers and 6 million filters per year; providing the company more opportunity for order fulfillment than ever before.
Wow, awesome news :o, thanks for posting bigdogs !
I'll just let the profits run, this stock has the potential to be a multi-bagger for the 3 Pennies on Fire Portfolio.
When would you take some off the table? I've been a pig in the past and don't wish to repeat with such great profits getting in at .175
Many thanks to you!
Jody
The stock is making a new 52 week high today, I will let the market tell me how much is enough, not my personal judgement. I think this penny stock has the potential to be a multi-bagger, not even thinking about selling now.
Good luck :)
Thank you for the input.
I decided to join you guys today :-X some may think its late but I love, LOVE this chart(wedding date is not set yet :D). The news looks great. I still think this one remains undiscovered in the trader/investor communinty so it has some nice ups left. Everyone's analysis really helped out. Thanks ;D
Now lets ROCK! 8)
Nice eliteG joined HYRF, more fire to the stock :D
I really don't think one is a pig by letting the profits run. Let me tell you what I think is a piggy attitude:
1) Putting a lot of capital in one single stock, say 30, 40% or more of one's trading capital.
2) Investing on margin
That's when «bulls and bears make money, pigs get burned and sheep get slaughtered» or something like that applies >:D
It seems to me that we are still on the ground floor. With the projected revenues and irons in the fire and now with increased production capacity ( I am sure was attained for good reason), I can see this stock in short order easily valued over $1. That could seem cheap in time and quite possibly quick time depending on the contracts forthcoming...
I know it seems like with a double one could move on, but to me the fundamentals are stil the same and the potential is still huge relative to shareprice...
I am holding for quite some time as long as the fundamentals remain the same or somehow even get better.........
Should we assume that EYII will follow ?
Or is the new facility of HYRF for other products too ?
Please explain any known facts as to why all of the MARTI technology does not have to go thru EYII with the exclusive Agreement. If so, EYII is a very strong buy.
Thank you for your inquiry. The answer to your questions are as follows;
Q. Does EYII have an exclusive Agreement with HYRF for the MARTI system ? Only the MARTI system ?
A. EYI owns the trademark for CODE BLUE and EYI have the exclusive rights to market and distribute the patent technology owned by MARTI. The filter provided exclusively to EYI removes nitrates, nitrites and arsenic amongst other contaminants out of water.
Q. Are other distributors outside of EYII allowed to market the product Internationally ?
A. EYI is the exclusive distributer of CODE BLUE and the MARTI technology which removes nitrates, nitrites and arsenic.
Q. In other words, HYRF setting up in the region can only sell thru EYII ? Or are they setting up for other distribution channels outside of EYII. Can they per the Agreement. How did EYII get an exclusive with them ?
A. EYI has an exclusive agreement with HYRF for the MARTI technology which removes nitrates, nitrites and arsenic.
Thank you for your inquiry. EYI has 130,575,204 restricted shares leaving a public float of 36,745,331. As of September 1st, 2005, EYI currently have 167,320,535 shares outstanding. No insiders have recently sold any shares.
Regards,
AGORA Investor Relations
Still contemplating (as I am looking for cash!!)! Does anyone know if the 4Million preferred shares are convertible and if yes, how many shares do they convert into? TIA
fill_the_gap...
I agree totally. I like HYRF better than EYII, but I see EYII in serious need of a correction upwards IMHO. I am in expecting it to move up in response to HYRF's move.
We shall see!!!!!
Congrats to those in HYRF.. I believe this is just the beginning!!!
Excellent chart for HYRF.
Also added EYII 7 cents.
Have to believe that it will follow considering the Exclusive 5 year Agreement with HYRF.
And 5 times volume today ! :o
David and others,
Thank you for helping me have a good week! "Trading the plan" forced me to take half off the table today, but moved it into EYII @ .07, and now I have 2 great picks for the price of 1. 8)
Fantastic job on this one by all who posted.
Happy trading! :D :D
Al.
A/H trades are like
0.21 for EYII
0.12 for HYRF
It's always like this for days. Is there any reason, who's trading at these prices?
Good for both companies.
EYII is ready to run after HYRF, imo.
All set at 7 cents.
Subject: RE: Question
From AGORAeyii
PostID 420720 On Tuesday, September 06, 2005 (EST) at 4:38:42 PM
Response To: bs371983 PostID 420649
--------------------------------------------------------------------------------
bs371983,
Thank you for your question.
Dori O'Neill is due back sometime this week. We will keep you posted as to his arrival and upcoming news and events.
Regards,
AGORA Investor Relations
Quote from: meever on September 08, 2005, 10:58:33 PM
A/H trades are like
0.21 for EYII
0.12 for HYRF
It's always like this for days. Is there any reason, who's trading at these prices?
Hey Meever, you can pretty much ignore after hours transactions on the OTC, there is no real market happening and any trades going through are usually market maker arranged and not indicative of real action. A better view on OTC action would be to look at the bid / ask in the morning relative to the close price, this will tell you how the open is shaping up.
Thanks for your posts :) I have little time now but I have little to say too. I will hold HYRF, letting the market tell me how much is enough.
This is already the best pick ever on the 3 Pennies on Fire Portfolio, and one should profit handsomely out of these. Anyway, long term fundamentals are great and positive news will keep coming, so it would be foolish to sell the stock now with just $17.34M in market cap.
HYRF jumping in the pre-market
bid .520
yesterdays close was .475
shaping up to be a strong day :)
HYRF is easily my most profitable stock to date. I will be upping my contribution to a full year membership. Thank you, David and Ramsburg!!! ;D
Now if only EYII would follow suit....
bid .60
LOL you beat me to it Elite, I thought I was the gap filling King. That one day red candle runs from 0.3 to 1.25 and will be under serious fillig threat from this momentum in HYRF
Quote from: AussieTrader on September 09, 2005, 09:29:17 AM
LOL you beat me to it Elite, I thought I was the gap filling King. That one day red candle runs from 0.3 to 1.25 and will be under serious fillig threat from this momentum in HYRF
LOL, I learned that strategy from you Aussie. ;D thx applaud
lets see what HYRF thinks about the fill ;)
Hi
That's my first post here and in the moment i see what's a good job you're doing here...HYRF is bombing again...great !!!
Best regards
I set wrong trailing stop .... and so my best trade was closed yesterday at 0.44 :(
And now I'm sitting near my PC and I have no proper words to define my stupid
moral cowardice.............
All the best to all long in HYRF :)
Oops, spoke too soon on EYII. Up nicely already (knock on wood!). ;D
this is my intraday 5-min chart for HYRF
-you can see a hammer forms giving support(i draw the yellowish lines at high/low for triggers)
-thinking that might be a good support trend (lightblue)
-and we have our high resistance (red)
woohoo..attacking the high as I write this >:D
What can I say...
Got in on this one at .21 a week and a half ago as a speculative play, and have been away for a week (just got back last night) and I could not believe my eyes!! From the fundamentals it was pretty clear that this was going somewhere, and it still has a lot of room to go.
Superb call from David and everyone else who has contributed to this thread. This was worth a donation last night without question (which I made) and even more so today. All I can say is I'm looking forward to this ride ;D
lets see if .70 can act as support
-previous resistance becomes support when broken ;)
Better late than never, in at 65c!!! Thanks to David and all who did the analysis.
Do we have a stupid-award on this board?
I first bought HYRF at 0.19 and EYII at 0.123 a while back.
Got impatient and sold (With a loss! ::))
Now I bought back HYRF at 0.75 and EYII at 0.094
:P :P :P
Quote from: cumulina on September 09, 2005, 10:36:46 AM
Do we have a stupid-award on this board?
I first bought HYRF at 0.19 and EYII at 0.123 a while back.
Got impatient and sold (With a loss! ::))
Now I bought back HYRF at 0.75 and EYII at 0.094
:P :P :P
Camulina, don't feel bad. We all at some point on our trading span have made the same mistake, but at the end it's the learning experience you got out of it that makes you better.
Good luck on your new EYII/HYRF trades
:)
Forgive me - I just gotta post this. This is the first post after David spotted EYII for the million dollar board...........hope everybody made big $$ on this one :D
______________
Re: Double or nothing: EYII
« Reply #1 on: August 15, 2005, 09:59:07 AM »
Reply with quote Modify message Remove message
From what I read, HYRF is the company actually supplying the filters for this contract (letter of intent). HYRF might be the better play.
2nd double was my cue to take the other half off the table..
great posts and trading, and best of luck on the intraday.
Hope everyone has a great weekend, i'm starting mine early! ;D ;D ;D
al.
I sold 1/2 my position at .63 this morning, i thought I was doing the right thing, I just cant believe how much this thing has gone up! I am very happy I still own half, but I just never seem to be able to time these things. I really thought I was being smart taking half off the table, guess I have a lot to learn still. Thanks for the great pick David.
JB
I've never been involved in anything like this since 1999 when a short squeeze sent CMRC up 70.00 in an hour. Instead of selling I went out to lunch and came back to find it flattened.
Is this move for real? I'd like to hear peoples' near-term strategies.
Prfsr Hal
At least you didn't sell Yesterday at $.44 :-[
Elite,
You should paste the "flames" over that chart. :o It appears to be seriously on fire >:D
RJ
Dare I say it. PARABOLIC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cumulina,
Love love the graphic. I am doing the same on wwat. Can't win them all.
holey moley guys.. that is intense! >:D >:D
Holy moly indeed :o
So do you think we should just ride this channel??
Any thoughts about whether it might crash out later today?
Any ideas on a target selling point?
Do you think we might have our first 10-bagger in a while???
I have no words....
Whoa...wouldn't it be one of the most amazing days of our lives if EYII started playing catch-up now?? :o :o
I have a 456% profit in HYRF.OB and I'm not selling today. Over the weekend people will go investigating the story on HYRF.OB and EYII.OB and they will jump in again on Monday, because the story is just huge compared with the tiny market cap of these companies.
By the way, EYII.OB should always be worth more than HYRF.OB, because EYII.OB has other businesses besides Code Blue with value in them, and HYRF.OB had $0 in revenues until it met EYII who is buying tons of its products to sell worldwide.
Look at HYRF's CEO thanking EYII:
EYI expands pitcher and filter order from MARTI (http://www.hydroflo.us/Press%20Release%20Pages/08-03-05%20EYI%20Expands%20MARTI%20order.pdf)
Go HYRF/EYII, go :-*
for me I take profits along the way because I play pretty big positions and since I bought in yesterday @ .39 you cant beat that one day return on money.. ;D
so I would suggest selling some stock to GSCO(goldman sachs) and SBSH(smith barney) here @ 1.
we got support but you gotta feed the ducks :)
mannnnnnn this looks strong huh?
But I definately agree with David.. what a setup for Monday!
EYII is starting to feel the love too. Up 42% today. ;D
speechless.....
with this kind of action, there might be leak the letter of intent has materialized?
interestingly enuff HYRF and EYII almost have the same volume thru the day.
I took half off the table. 1 year subscription is for me! ;D >:D
Thanks to all!
lets see if my lines mean anything.. should have support here @ .90 at least temporarily ;)
I sold 1/3rd of my holding just under $1.
Take a look at the EYII daily chart and then compare to HYRF. I'd say EYII is 3 trading sessions behind HYRF, will see.
In at .32. Out at .97. Good luck to you guttier hands.
prfsr hal
In long at .1818. I'm no good at trying to daytrade. If I sell it, the rest of you will get rich since it will inevitably shoot back up. ;)
This is one of those stocks that has such huge potential, I'm looking at what I can get in the future not today.
Also quadrupaled my position in EYII in anticipation of good things to come. ;D >:D
I guess people are looking at the two, and EYII has a market cap of $17.62M while HYRF's market cap is $31M.
EYII has a lot of catch up to do and possibly some people are taking money out of the table on HYRF and putting it into EYII, re-balancing the two market caps.
Anyway, the action today will put a lot of eyes reading and heads thinking and the conclusion will be that these two micro caps are worth 10 times or more than what they are currently valued by the market.
Also, I guess the rumor is out that the $210M letter of intent will indeed become a fact, and if that happens I see at least a $210M market cap for EYII ($1.22 for the share price) and a $80M market cap for HYRF ($2.19 for the share price).
And the doors opening show even greater potential. During the weekend I'll try to dig some more, but the action today, with the two stocks so damn hot, possibly means good news, huge good news, are coming.
We'll see, but I wouldn't wait for the news to be slammed in the newswires ...
Interesting how volume is almost identical on both. David, is that what leads you to believe that money is flowing from HYRF to EYII?
ACCOLADES TO DAVID FOR HYRF AND EYII - BEST PICKS YET!
MY YEAR SUBSCRIPTION WILL BE IN SOON!
--Lalitha
I admit to trading my shares out and looking to get back in the low .70 cent range... I had some sell orders set this morning and was away in a meeting. I thought I set them so high they surely wouldn't get filled. Well they did...
I am getting back in this afternoon. This stock IMHO has much farther to go long term. This is a definite keeper... Crazy how it went so high so quick. Shocked the heck out of me... But it seems to be working out just fine....
I am also loaded in EYII and holding.... this stock is ready to explode as well....
Congrats to all.... and thanks David.... what a find!!!!
David, I think you are right on money flowing from HYRF to EYII. I sold 1/2 my position today in HYRF (for a phenomenon profit, thank you - I feel a donation heading your way) and have a partially filled order in for a substantial position in EYII. The opportunity to take such a large sharewise position in something that appears this hot is too much for the gambler in me to miss out on ... especially since I am doing it with "found" money today. :D
What an amazing day. It was like the Agassi-Blake tennis match.
I also have Crucell(Crxl) Capstone (CPST) and a smattering of GOOG so I'll buy the beers tonight if anyone's in LA.
David, Bravo. You're a legend in your own time.
This is by far and away the best return on any stock I have ever owned.
Thank, David
:D
Quote from: Prfsr Hal on September 09, 2005, 04:24:49 PM
What an amazing day. It was like the Agassi-Blake tennis match.
I also have Crucell(Crxl) Capstone (CPST) and a smattering of GOOG so I'll buy the beers tonight if anyone's in LA.
David, Bravo. You're a legend in your own time.
Don't forget to keep your eye on BRVO you said it Bravo!
keep BRVO in eyes, but first I think it has to broken 0.72. And so, today I trade my BRVO shares and bought WWAT :) because it will run upside faster.
I'm in HYRF to.
Regards
Quote from: David Randolph on September 09, 2005, 01:04:59 PM
I guess people are looking at the two, and EYII has a market cap of $17.62M while HYRF's market cap is $31M.
EYII has a lot of catch up to do and possibly some people are taking money out of the table on HYRF and putting it into EYII, re-balancing the two market caps.
Anyway, the action today will put a lot of eyes reading and heads thinking and the conclusion will be that these two micro caps are worth 10 times or more than what they are currently valued by the market.
Also, I guess the rumor is out that the $210M letter of intent will indeed become a fact, and if that happens I see at least a $210M market cap for EYII ($1.22 for the share price) and a $80M market cap for HYRF ($2.19 for the share price).
And the doors opening show even greater potential. During the weekend I'll try to dig some more, but the action today, with the two stocks so damn hot, possibly means good news, huge good news, are coming.
We'll see, but I wouldn't wait for the news to be slammed in the newswires ...
David, Whats your opinion on IEVM? Maybe you can take a look over the weekend? Thanks for all you do
Madge
This is amazing!! and to think that i was about to sell it yesterday..... ;D
What I personally am trying to achieve from this site is the ability to become disciplined in my trades. I am as excited about this one as everyone on this board. In fact, were I keeping track of my trades on the $1,000,000 board, I would already be at stage 3 / or trade 3 of the 10 step process ;) . I have to acknowledge the talent on this site is amazing, but as in each "trade", David maintains his discipline, win or lose. "Keep your losses small, let your winners run" I became so engrossed today in "woulda, coulda, shoulda"...how ridiculous. Emotion is a huge obstacle to successful trading. So, thank you for allowing me to ramble in my thoughts, but I wish to thank all of you (especially David, and Frederick) for this site. I have found every emotion that I have ever experienced within this community. Sorry, I just get "mushy"....this is quite the place to hang ones hat as they say.....thanks to all of you !! ::)
RJl
David,
You look to be correct.
Alot of money headed to EYII.
Interesting part is when the initial purchase order came out, EYII doubled and then HYRF chased with only a 30% day.
But today showed similar trading patterns between the two.
EYII has some catching up to do now. ;)
Copy post from another board:
Any filter Hydroflo makes goes through EYII is a false statement.
Hydroflo will be selling soon whole house filters,counter filters,under sink units,commercial water cooler units,end of faucets among others and EYII will have Nothing to do with them.Hydroflo will also be able to say what they want with these filters.
Hydroflo will also be selling a pitcher filter unit it just won't say it removes Nitrates that's the exclusive EYII has Nitrates on pitcher filter units only.
Upon doing some dd, there are a lot of opinions on hyrf and eyii. In Davids camp, you have the "eyii has other forms of revenue" argument, and in the hyrf camp you have the eyii has revenue but margins will be hurt by crass commissions paid to multi level marketing reps who could care less about shareholders argument, as well as the points about exclusivity in the above copy/paste. It has also been bantered about that there is more coming in hyrf's immediate future than the China deal, which if large enough would be frightening in combo with China. Hyrf also apparently made some projections in previous filings that failed to come to fruition, along with a sizable preferred stock grant to the ceo that can be converted into common stock at a 3 to 1 clip. This was apparently when the stock was around 50 cents. The cost of those shares was 170,000, and the value at the time the shares were at .50 was valued in the millions. Minor details, but worth noting.
Bottom line, I own way more of eyii, and I wish I owned way more of hyrf. I would disagree with you David that eyii should be priced higher than hyrf based on the following projeciton only. I am guessing the value of hyrf's other products and future contracts to be greater than eyiis current and future business that are separate from one another and apart from the China deal. I will be curious to see if the eyii multi level business can get the same kind of profit margins amway makes on soap ;D. If they are equally as large, then maybe they make out like bandits. We will see the #'s soon I suspect.
Final thoughts. First, I hope you are right David, and history would show the odds to be in your favor based on your portfolio verses mine. Second, I'm glad I have shares in both of these companys, and they might do equally well, making all debate a moot point.
I found this on www.wallst.net
You can also sign up and listen to interviews by various company management. There is one from eyii and 4 from hyrf. I didn't have the necessary plugins so I couldn't hear.
September 1, 2005 - 9:09 AM EDT
EYI To Commence Distribution of CALORAD and PROSOTEINE In Hong Kong Market
BURNABY, British Columbia, Sept. 1, 2005 (PRIMEZONE) -- EYI Industries Inc., (OTCBB:EYII) (http://www.StopDrinkingPoison.com) a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that Nutri-Diem, Inc., ("NDI"), the manufacturer of CALORAD(r), and PROSOTEINE(tm), is fully supporting EYI's September launch in Hong Kong. Specifically, NDI has agreed to ship a wholesale value of US$740,000 worth of product on a consignment basis to help support EYI operations and their distributors in Hong Kong.
EYI President, Jay Sargeant comments, "NDI has always been an incredible partner. Putting CALORAD back into Hong Kong is a great move. Our leaders there are excited to have the product back in their market." Sargeant continued, "By lowering our product costs of re-entry, NDI is allowing us to invest more capital into infrastructure, human resources and marketing materials. We are busy preparing training, marketing and video media in Cantonese and Mandarin to support NDI product sales in this all-important market. We believe this is a win-win for both companies."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI. Alternatively, investors can e-mail AGORA Investor Relations directly at
[email protected].
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(r), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(r) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE, is experiencing similar success to CALORAD(r) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of independent business associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
CONTACT:
Investor Relations
Jennifer Trevitt
(604) 759-5017
[email protected] AGORA Investor Relations
[email protected]http://www.agoracom.com/IR/EYI
Source: PrimeZone (September 1, 2005 - 9:09 AM EDT)
News by QuoteMedia
www.quotemedia.com
--Lalitha
Also from www.wallst.net
Financial News USA Daily Stock Alert: HYRF, CHDT, ATCT and UBDE
Financial News USA (OTC: FNWU) provide Daily Stock Alert clients to look for. Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTCBB: HYRF) continues to expand on released information regarding their new agreement for pitcher and filtration system manufacturing contracts. Yesterday the company announced an agreement with a major Chinese international plastics injection molding firm for production of their water filtration units. MARTI went on to confirm speculation that the contract with their European contractor, WAL S.A., based on a mutual agreement between both parties, was terminated to ensure increased production through the current distribution channel. China Direct Trading Corporation's (OTCBB: CHDT.) wholly-owned subsidiary, China Pathfinder Fund, L.C. (CPF) has hired Larry Osborne, a 29-year sales veteran of electrical and electronic equipment, to head up the company's generator sales division. China Direct has received numerous inquiries within the past few days about generators and believes that it can ship from manufacturer's inventory in China within seven days. Mr. Osborne's responsibilities will include direct sales to chain stores and setting up a sales network. China Direct and CPF are unable to project possible sales, if any, from this sales initiative, but the company will contribute 2% of any net income from its sale of generators to the Red Cross Hurricane Relief Fund.
TA Link:
http://www.smallcapcenter.com/snapshot_techanalysis.asp?component=compinfo.asp&row=2&page=snap_techanalysis.asp&flag=true&ticker=HYRF
;)
Well fortunately for me I got back in HYRF before it ran over .80 cents and finally closed at .96 cents. Wow the strength especially on a Friday afternoon. Everything worked out just right for me... and for my friend who may be reading this board. The meeting Friday morning went quite well....
I got a feeling EYII is primed to make a huge gap either Monday or Tuesday. Honestly the way the charts are stacking up it has been in an uptrend since June bouncing off an upward trending 50dma. The recent consolidation maintained a higher low than before.
My gut feel is this was all childs play getting ready for the big deal to come to fruition, which seems to be near, especially with HYRF's mfg moves to China and the pps's dramatic increase. EYII is primed and coilspringed IMHO.
We shall see!!!!
Found this blog site with some HYRF links while browsing the Raging Bull posts:
http://hyrflinks.blogspot.com/
Looks like water is on fire everywhere
http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=OBR&Date=20050910&ID=5101576
:o ;) :D
ggrewal,
That's a Wal-Mart link.
Happy trading.
Jody
I know that, Just wanted to highlight the fact that water has become such an imp commodity ;)
David has been correct in his assertion that there would be a lot of "DD" by other boards this weekend. Pretty intense. Read the logic from one poster;
-------------------------------------------------------------------------------------------------------------------------------
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By: lakefun61
11 Sep 2005, 05:40 PM EDT
Msg. 1862 of 1863
Jump to msg. #
Seems the HYRF and EYII boards....
are busy today... Many investors are doing their DD this weekend and are ready to hop on board two trains leaving the station. I do believe each company will deliver multi bag returns easy possibly Monday and Tuesday and definitely in the days and months to come... HYRF up 400+% and EYII up 95%. Seems EYII has some catching up to do IMHO, it is a couple days behind HYRF...
Opportunities like these do not turn up every day... This is going to be fun over the coming days and weeks ahead.
My bet is by yearend HYRF will be pushing $5 and EYII will be over $2.... and this is from a purely valuation basis.
I am figuring based on future earnings and a p/e of 25. HYRF does 500 million a year like the CEO states for 2007 and EYII has a piece of that you could see HYRF easily over $20 and EYII over $8 assuming additional dilution takes place, within the next 1 to 2 years. Without further dilution the shareprice could be even higher. That reflects growth of:
HYRF: 20+ times
EYII: 57+ times.
1$ invested in HYRF today can become $20
1$ invested in EYII today can become $57
My gut tells me this will change quickly because EYII will jump percentage wise quite a bit Monday and Tuesday.
Amazing HYRF sitting at .96 cents and EYII at .13 cents.
DNTK in early 2000 ran from .26 cents to 10.50 range in 3 months. We have that potential with HYRF and EYII... The sectors are hot and getting a lot of attention due to hurricane Katrina's devastation.
You will notice the huge winners in the investing game will have a number of events happen in perfect timing to trigger enthusiasm, revenue growth, earnings growth, and of course shareprice appreciation. HYRF and EYII could be getting ready to ride the momentum of all things coming together at the same time to form the perfect storm of growth ......
The strength throughout the day Friday continued to grow through the close of the trading session. Almost a definite sign of good things to come this upcoming week!!!!
There is little to no upward resistance to hold EYII and HYRF down... That means there is major gap potential.
FYI, I am loaded in each stock......
Investors ... Start your engines....lol
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
---------------------------------------------------------------------------------------------------------------------------------------------
Monday should indeed be interesting.good luck to all..............
Too many overenthusiastic projections!!!!
Yes............and we shall soon see who is correct ??
Good morning !
From your feedback and the number of new subscriptions we've had over the weekend I make the conclusion that I really need to pay full attention to this 3 Pennies on Fire Portfolio, the potential is really huge like we've seen on HYRF.OB. Intense research and knowledge is needed and I'm here to provide it, with your help. Thank you for your support, we're very gratefull :-*
Some of you have suggested me some picks, but unfortunately I wasn't around over the weekend to analyze them and now I have no time. Try posting on the Members Board (for Honours Members only) or on the Penny Stock Picking Board, I'll try to look at them this afternoon. Thank you.
Considering HYRF.OB, the rise on Friday was awesome, it surprised me too, not because the fundamentals don't warrant it (they do, and a lot more, I believe), but because of the speed of the advance.
People didn't want just to buy the stock, they wanted to buy it at any price and right now ! There was no time to wait, and when I see this kind of market action I know a thing is coming: huge positive news !
Let me make my reasoning clear, by topics:
- EYII, which sells HYRF's products (specially the Code Blue filters and pitchers), has signed a letter of intent with a big chinese corporation valued at $210M. This happened on August 12th. The market took a while to see the involvement of HYRF on this deal, just on the next morning the stock opened higher to $0.23. But then the rally fizzled, in fact, EYII which had a 160% rise on August 12th, came down more than 60% over the next couple of weeks. Why? Because it was just a letter of intent and the market was very suspicious of the deal ... it was just too big to be true, a company with just about $10M in market cap making a deal worth $210M. So, the market didn't believe, despite the efforts of the CEO giving interviews, people didn't believe the company (perhaps because it looks like a pyramiding scheme, but I don't think it is, and this business with the Chinese is different).
- Anyway, the news was huge, but EYII couldn't run (also there was a strong resistance at $0.19) and HYRF.OB was rising slowly.
- With the recent news on HYRF, that it is changing production from a company located in Switzerland to a Chinese company, completely transforming its capacity to meet exploding demand from EYII, the market now believes !!!
- Speculation is out that the LOI will turn out to be a real contract, so why would HYRF move production to China and increase it many fold?
- Personnel from EYII that was sent to Hong Kong and China are coming this week to release the news. Considering market action, probably insiders or people with insider information are buying ahead of the news.
- If this contract is indeed signed, we have $210M in revenues coming to EYII from this deal alone (the company has other streams of revenues, Code Blue is a new product, the company sells other health and health care products, like Calorad and Protoseine that will now be sold in the Hong Kong market too and the Code Blue is selling very well in the US too).
- I estimate that if $210M will come to EYII, HYRF will get about 38% of that (that will be part of EYII's cost of sales), or about $80M.
- At current prices, the market cap for EYII is $23M and for HYRF it is $35M, so probably EYII has some catch up to do over the coming days.
- Bottom line is: there's a powerful rumor based on solid developments that a huge deal is coming for these two companies. RULE 22 says Buy the Rumor, Sell the Fact. So I will continue to hold HYRF.OB to sell only when the fact is out.
That's my plan for today, I'll continue to hold HYRF.OB.
A great summary of the action applaud: Some news from HYRF not going to affect the stock price but a gesture of humanitarian support (whilst demonstrating their product)
Sep 12, 2005
RALEIGH, NC
MARKET WIRE
HydroFlo, Inc. (OTC BB: HYRF) today announced portfolio company Metals &
Arsenic Removal Technology, Inc. (MARTI) has agreed to donate water filtering
systems along with consulting services to aid in the Hurricane Katrina disaster
relief effort. The initial commitment for distribution of water pitchers and
filters is for 5,000 units. The first shipment is expected the go out this week
to DOD and other shipments will follow to FEMA as units are produced by our
Chinese manufacturer.
HydroFlo portfolio company HydroFlo Water Treatment (HWTI) has committed its
time and energy to providing equipment and knowledge during the rebuilding
process of the wastewater treatment plants in the ravaged area.
HydroFlo contacted DOD and FEMA through its relationship with John D. Milne and
mCapitol Management. Mr. Milne will aid in expediting the relief effort thru
his government contacts. Mr. Milne stated, "mCapitol Management is contacting,
on behalf of HydroFlo, the Federal Government Departments and Agencies
responsible for providing safety, food, shelter and water to the victims of
Hurricane Katrina on the Gulf Coast and offering through those Federal
authorities water filter kits to citizens in need of safe drinking water. We
are also contacting the Governors of Mississippi, Alabama, and Louisiana."
The toxicity of the floodwaters is one of the key elements of concern for
officials in the Gulf Region. Based on a recent news report by the Associated
Press, Concerns Grow About Toxic Floodwaters, first response organizations
such as the Department of Health, the Centers for Disease and Prevention, and
the Federal Emergency Management Agency have determined that, "The floodwaters
are thick with sewage-related bacteria that are at least 10 times higher
than acceptable safety limits. [They] contain E. coli, certain viruses and a
type of cholera-like bacteria."
According to Dennis L. Mast, Chief Executive Officer of HydroFlo, ARTI-64(TM),
the patented MARTI water filtration technology, reduces many of these bacteria
in water making it safer for human consumption. He explained the company's
commitment to the victims of Hurricane Katrina, "I am extremely concerned for
the health and well-being of the people in the Gulf Region who have been
stricken by this devastating event. I have personally lived through 5
hurricanes, and I know what type of damage a storm of Katrina's magnitude can
have on the lives of families and individuals. I am honored to be able to offer
these services to our fellow citizens during this horrific crisis."
Metals & Arsenic Removal Technology, Inc. (MARTI) is an international provider
of water treatment solutions, treating water for industrial, municipal and
residential customers. MARTI markets, designs, builds, and installs water
filtration and treatment systems for the removal of arsenic in drinking water.
Water contaminated with bacteria, viruses and poisonous toxins is killing
people. The ARTI-64(TM) media combination is one of the most effective methods
to eliminate and reduce these pollutants in order to provide clean potable
water to the world.
HydroFlo Water Treatment, Inc. (HWTI) is an international provider of
wastewater treatment solutions for industrial and governmental customers. HWTI
designs, builds, and installs equipment used for pre-treatment of wastewater
within sewers and pressure collection systems. The Company was founded in 1999
and provides equipment to end users and Original Equipment Manufacturers
throughout the United States and Europe. The Company provides a full range of
related services to companies and municipalities to treat their wastewater
at the treatment plant by the use of the energy efficient aeration systems in
treatment lagoons.
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined
by the Investment Act of 1940. Headquartered in Raleigh, North Carolina,
HydroFlo's core focus is to seek out synergistic acquisitions that will provide
capital appreciation and income from its portfolio companies. The mission of
HydroFlo, Inc. is to acquire and develop innovative technologies and businesses
that will improve the quality of water throughout the world by means of
detection, treatment, and removal of contaminants. By so doing, our
most precious resource can be rendered safe and abundantly available for all
future generations, and thereby, improve the quality of life on Earth.
Forward-Looking Statements
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and as that term is defined in the Private Securities Litigation Reform
Act of 1995. The company intends that such statements about the Company's future
expectations, including future revenues and earnings, and all other
forward-looking statements be subject to the safe harbors created thereby.
Since these statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's actual
results may differ materially from expected results.
EYII Morning News
:o
EYI Industries Announces New Subsidiary In Hong Kong
Burnaby, British Columbia CANADA, September 12, 2005 - EYI Industries Inc. (OTCBB: EYII), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce a new wholly owned subsidiary, Essentially Yours Industries (Hong Kong) Limited, has been formed in Hong Kong, China for the purpose of promoting and distributing EYI Industries, Inc. (EYI) products.
Essentially Yours Industries (Hong Kong) Limited has appointed Dori O'Neill as the President and CEO. Currently, Mr. O'Neill serves as EYI Industries Inc.'s Executive Vice President and Chief Operations Officer. He leads the strategic direction and implementation of all issues related to Investor Relations. In the 1990's, he sold his marketing rights for an all-natural insecticide to a Public company and became Senior Vice President in charge of global operations. In this role, from 1990 to 1994, he opened offices in Japan and established sales organizations in 19 countries.
Essentially Yours Industries (Hong Kong) President and CEO, Dori O'Neill stated, "We believe the timing for such a move is ideal. We are extremely excited about penetrating the Asian markets with our unique line of health and wellness products." Mr. O'Neill added, "We also viewed many potential offices and hope to secure the location for our Hong Kong office in the very near future. It's very important for us to have the appropriate infrastructure in place, including right location, right office and the right people to help execute a successful business."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI Alternatively, investors can e-mail AGORA Investor Relations directly at
[email protected].
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(TM) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(R), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(R) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE, is experiencing similar success to CALORAD(R) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
EYI Industries Inc. (OTC Bulletin Board:EYII)
Contact:
Jennifer Trevitt
Investor Relations
(604) 759-5017
[email protected] AGORA Investor Relations
[email protected]
Still happily holding HYRF :) :)
David, Ramsburg,
Shouldn't the profit in the 3POF be 100% higher.....?
Very curious to see what today will bring!
Quote from: Amarens on September 12, 2005, 09:20:01 AM
Still happily holding HYRF :) :)
David, Ramsburg,
Shouldn't the profit in the 3POF be 100% higher.....?
Very curious to see what today will bring!
The percentage return on the 3 Pennies on Fire Portfolio is calculated only with the closed deals. Ramsburg was working over the weekend to change that, for it to be calculated using the return on the open position, but he still didn't make it.
This early drop on HYRF doesn't concern me, at all, profit taking with very low volume, probably soon people which are selling now will be chasing the stock above $1.
Good luck !
David,
I am late to the game on this stock. watching today I see .785 current price (down -18.23%).
Based on your TA what is a good entry target to buy in at?
Quote from: KCScott on September 12, 2005, 11:45:28 AM
David,
I am late to the game on this stock. watching today I see .785 current price (down -18.23%).
Based on your TA what is a good entry target to buy in at?
Hi Scott,
David is not here at the moment, so I'll reply to you.
This is always a very difficult question... The buying recommendation was @ $0.185, now HYRF is trading @ $0.80, and we are holding it because we think this trade has good potential, and we are sitting on a very comfortable profit level.
If things go the wrong way, and lets imagine, HYRF goes down to $0.40, we still have more than 100% profit, and if you buy it now, you'll be having -50% loss...
This is just to say, that the risk / reward ratio is very different at this level, although the stock is very bullish, and we think its going to higher levels (otherwise we would be selling it)... The last decision must be yours, but don't forget that the market is here everyday, and so do we, and multi-bagger stocks are always showing up sooner or latter ;)
Best regards,
Frederick,
Thanks - I suppose I will watch this for a while before I make that decision.
What are your thoughts on EYII?
Sitting at .12 now
Quote from: KCScott on September 12, 2005, 12:20:54 PM
Frederick,
Thanks - I suppose I will watch this for a while before I make that decision.
What are your thoughts on EYII?
Sitting at .12 now
I hate to say things like this, but I must admit that EYII is probably the best stock from all my 11k stocks database :)
David bought EYII @ $0.16 for the $1M scientific experience, and he'll not be selling bellow $0.32... I look at him here at the office, and the guy is completely relax with that position... ;)
I'm already a bit over-exposed on this one, I'm holding 3 times my regular position size on penny stocks on EYII on my personal stock portfolio, and my short term target is $0.36.
But remember, despite this is looking a great trading opportunity, this is an OTC stocks, and risk is the one thing you must remember when trading this rockets... Things can go wrong, and money can be lost on a large scale if you trade this pennies like if they were regular big board stocks...
Best regards,
Wow this stock turned up on my radar and is in water purification as well...
Look at this PR showing the potential there is for companies in this sector....
Notice $160 billion in the state of Oklahoma alone.... HUGE... Federal legislation is getting into play here....
I am in HYRF for the long long haul!!!!!!
AQA ..... 18 million o/s
Press Release Source: AquaCell Technologies, Inc.
Aquacell Water Secures First Order for Arsenic Removal
Monday September 12, 11:20 am ET
Company Provides Solution to January 2006 EPA Arsenic Regulation Compliance With Zero Wastewater Discharge
RANCHO CUCAMONGA, Calif., Sept. 12 /PRNewswire-FirstCall/ -- AquaCell Technologies, Inc. (Amex: AQA - News) a company that markets and manufactures various water filtration and purification products including applications for municipal, industrial and commercial use, announced today that its Aquacell Water, Inc. subsidiary has received its first order for its arsenic removal system for a municipal water supplier.
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Additionally, pilot tests for the Company's proprietary arsenic removal systems are being conducted in Arizona, California, Nevada and New Mexico, areas that are known to have excessive arsenic levels in drinking water.
By January 23, 2006 municipal water systems must be in compliance with the new 10ppb standard of arsenic levels in accordance with EPA regulations, which were reduced from 50ppb. It is estimated that compliance will cost municipalities billions of dollars to upgrade their water systems.
According to US Water News Online, in Oklahoma alone, estimates range from $55 billion to $163 billion to replace or upgrade the 25 systems to address the lower arsenic standard.
Aquacell Water, Inc. provides a proprietary water treatment system that can remove arsenic from municipal water systems with zero wastewater discharge providing a more cost effective way of complying with the new federally imposed regulations. Aquacell Water's systems are designed to operate with minimal operator interface, require no onsite chemicals and have lower capital and operating costs than competing systems.
Robert L. Roberts, Vice President of Engineering and Sales of Aquacell Water, Inc. stated, "We are pleased to be a part of resolving the issues surrounding excessive arsenic levels and are well positioned to aggressively work towards capturing a share of this multi-billion market with our proprietary system."
Quote from: Ramsburg on September 12, 2005, 12:34:25 PM
I hate to say things like this, but I must admit that EYII is probably the best stock from all my 11k stocks database :)
David bought EYII @ $0.16 for the $1M scientific experience, and he'll not be selling bellow $0.32... I look at him here at the office, and the guy is completely relax with that position... ;)
I'm already a bit over-exposed on this one, I'm holding 3 times my regular position size on penny stocks on EYII on my personal stock portfolio, and my short term target is $0.36.
But remember, despite this is looking a great trading opportunity, this is an OTC stocks, and risk is the one thing you must remember when trading this rockets... Things can go wrong, and money can be lost on a large scale if you trade this pennies like if they were regular big board stocks...
Best regards,
Understand the risk - Just bought 50K Shares @ .13 - Lets rock and roll
Ramsburg you said
"I hate to say things like this, but I must admit that EYII is probably the best stock from all my 11k stocks database"
If this is true. How come you don't add EYII to one of your portfolios. ???
Just Curious.
Thanks,
Egg ;D
Quote from: eggman11 on September 12, 2005, 03:42:04 PM
Ramsburg you said
"I hate to say things like this, but I must admit that EYII is probably the best stock from all my 11k stocks database"
If this is true. How come you don't add EYII to one of your portfolios. ???
Just Curious.
Thanks,
Egg ;D
I've talked about it with David last week, but we decided not to add it to our 3 Penny Portfolio, just because we already have it on the $1M experience... And that the only reason why EYII is not on our portfolio.
best regards,
Q & A with Investor Relations.
Subject: RE: Please Reply...Important to Know.
From AGORAeyii
PostID 421521 On Monday, September 12, 2005 (EST) at 4:57:37 PM
Response To: eyii_hyrf__ PostID 421225
--------------------------------------------------------------------------------
eyii_hyrf__,
Thank you for your inquiry. We have received the answers to the questions you asked.
Q. NO other company or distribution channel can sell the MARTI system anywhere in the world, unless it goes through EYII ?
A. No other company can sell CODE BLUE with the MARTI technology that removes nitrates, nitrites and arsenic.
Q. For how long in each area
A. EYII have signed an exclusive agreement with MARTI for five years.
Q. Did EYII pay HYRF for the exclusive rights ?
A. No, EYII did not pay HYRF.
Q. What was in it for HYRF to give this to EYII ?
A. Nothing.
Q. Can HYRF change the filter a little and sell to other distributors ?
A. EYII have an exclusive contract with MARTI for the sale of MARTI technology that removes nitrates, nitrites and arsenic.
Regards,
should be a good day for EYII & HYRF IMO
EYI Industries Inc. Clarifies Letter of Intent with CEIEC
Tuesday September 13, 8:00 am ET
BURNABY, British Columbia, Sept. 13, 2005 (PRIMEZONE) -- EYI Industries Inc. (OTC BB:EYII.OB - News), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, announced in a news release dated August 12, 2005 that it had entered into a letter of intent (``LOI'') with Guangzhou CEIEC Enterprise (Group) Co. Ltd. (``CEIEC''), a China based company. Pursuant to the terms of the LOI, CEIEC agreed commencing in September 2005, subject to further negotiations respecting the terms and price of the purchase orders, to enter into certain purchase commitments to purchase up to 30,000,000 of EYI Industries' Code Blue(tm) water filtration systems (Code Blue(tm)) and to acquire the master agency rights to market and distribute Code Blue(tm) in China.
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The parties agreed to sign an initial purchase order in September 2005 and CEIEC agreed to purchase not less than $10,000 of the Filtration Systems as samples. The non-binding LOI is subject to the negotiation of a final agreement outlining the terms and price of the purchase orders.
Mr. Dori O'Neill, Essentially Yours Industries (Hong Kong) President and CEO stated, ``During my recent trip to Hong Kong, I had the opportunity to meet with CEIEC representatives. Negotiations are ongoing however we have not yet reached a definitive agreement.''
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYII Industries IR Hub located at http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA Investor Relations directly at
[email protected].
Note:
David had to go take care of some personal affairs, and will not be here before the opening bell.
He just called me, he will hold this position, and the update will be posted during the session.
Best regards,
Quote from: la-onda on September 13, 2005, 08:19:29 AM
should be a good day for EYII & HYRF IMO
EYI Industries Inc. Clarifies Letter of Intent with CEIEC
Tuesday September 13, 8:00 am ET
BURNABY, British Columbia, Sept. 13, 2005 (PRIMEZONE) -- EYI Industries Inc. (OTC BB:EYII.OB - News), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, announced in a news release dated August 12, 2005 that it had entered into a letter of intent (``LOI'') with Guangzhou CEIEC Enterprise (Group) Co. Ltd. (``CEIEC''), a China based company. Pursuant to the terms of the LOI, CEIEC agreed commencing in September 2005, subject to further negotiations respecting the terms and price of the purchase orders, to enter into certain purchase commitments to purchase up to 30,000,000 of EYI Industries' Code Blue(tm) water filtration systems (Code Blue(tm)) and to acquire the master agency rights to market and distribute Code Blue(tm) in China.
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The parties agreed to sign an initial purchase order in September 2005 and CEIEC agreed to purchase not less than $10,000 of the Filtration Systems as samples. The non-binding LOI is subject to the negotiation of a final agreement outlining the terms and price of the purchase orders.
Mr. Dori O'Neill, Essentially Yours Industries (Hong Kong) President and CEO stated, ``During my recent trip to Hong Kong, I had the opportunity to meet with CEIEC representatives. Negotiations are ongoing however we have not yet reached a definitive agreement.''
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYII Industries IR Hub located at http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA Investor Relations directly at [email protected].
Hi la-onda!
Are you still sure that it will be a good day for HYRF? I see in Pre-marcket 0.7.... :'(
HYRF already has a contract in place (I believe that news already broke).
But EYII still has announced only the LOI. When it breaks the news of the contract, we'll see EYII shoot up. I think that's the reason why EYII is lagging behind right now.
Ehos,
Called Dennis, HYRF CEO.
Nothing is Inked.
All projections.
He has not even visited the facility.
I questioned the size being the equivalent of over 1 million square feet.
He wasn't even sure ?
And has heard nothing since the purchase order for the 210 million dollar order when I directly asked him.
Obviously, the market sees it as not being " inked ".
That said, the logical conclusion is that the deals will go through.
But saying it does not get any clearer than that, the market needs it to be officially inked.
Hopefully soon.
Call Dennis with any questions, he is receptive to investors.
Waiting for the deal to be 'inked' would be a mistake I think. We're here to make profit, and as you can clearly see, the profit is in the rumor.
It's shot up 400%+ on a LOI and projections and whatever else you want to call it. It's a fact of the market.
When the contract is 'inked' alot of the upside will already be gone (it already is), but there will still be a huge move left (albiet slower).
Right now, for me, it's onto EYII. It has alot more to move. Todays downturn was great, it represents the unknown of the market. Which, always makes more money in the short term than the 'known.'
When the contract is inked, I'm sure it will shoot up and the market will set the price. Right now, it's like it is. Specualtion. It's a penny, that's what we're trying to do, speculate as to where this is going. Using imperfect information.
I happily took profits from HYRF, and I will happilly hold my EYII to profit. If the whole deal falls through, then, so be it. I have my stops in place as should everyone else.
:)
Agreed.
The time to buy is prior to the deal.
Just wanted to make sure people knew nothing was official for HYRF and EYII except the minimum samples.
The PR today from EYII was unnecessary. No need to come out and confirm nothing has happened yet. Investors can figure that out. Poor choice by Agora and EYII, imo.
Yup, agree on that. No news is GREAT news.
If todays 'news' wasn't posted by EYII I think EYII would've really run. But the post + down day push both stocks down.
Some people took profits on the scare, and some new buyers? We shall see in the next while.
The news clearly is--"Don't count your chickens before they hatch"...I already sold at a nice profit,thank you... :)
Today for HYRF is SELL CONFIRMED in AmericanBulls.com
http://www.americanbulls.com/StockPage.asp?CompanyTicker=HYRF&MarketTicker=OTC&TYP=S
Yes and if we rebound tommorow.. the sell will turnto a buy if... yada yada yada
More research done. Wow look at the sell prices for the Code Blue Filter !!!
Code Blue Package, Including Pitcher, Filter, and ToGo Item Code: CB 000
Price: 328.30 Qty:
Product Description:
Code Blue is a patent, pass through water filtration unit that removes arsenic, ni-trates and many other particulars and contaminants. Code Blue is simple but ad-vanced; reasonable but profound. Code Blue provides the most advanced technology in water filtration today! Our team of scientists have created the FIRST new water filtration breakthrough of the 21st century! They have created a patented material that pulls all contaminants out of water! The Code Blue water systems looks simple, but believe us, looks are deceiving! The Code Blue system is a lean mean arsenic and heavy metal eliminating machine! Code Blue may look like the pitcher that found it-self to your refrigerator. In a world of water poison peril, the old technologies are arming you with a cap gun. Code Blue gives you a laser! Here's a neat way to under-stand the patented Code Blue breakthrough technology... Up until now, the world of water filtration has been ruled by the funnel approach. Make the tip of the funnel smaller and smaller to stop the contaminants! Not bad, but not good enough. The awful little contaminants get craftier all the time and slip through even the smallest funnel! Code Blue works like a sponge not a funnel. The patented Code Blue filter pellets work like magnetic sponges to pull the Arsenic, Chlorine, Nitrates, Mercury and every other awful poison out of your water! Code Blue never misses, Code Blue's technology has Zero Tolerance for contaminants. To us, there is NO acceptable level of Arsenic in your water! Take a look at your Code Blue system. It doesn't get easier than this! No installation. No maintenance. No Pre-treatment. No oxidation staging. No Ph balancing. No moving parts. No reverse contamination. Just clean, tasty, re-freshing water... each and every time!
Even 6 pieces of replacement filter eyii sells for 128.- dollar
Everything (backordered). It means Hyrf needs to produce more filter in China that s going on now or soon....putting the pieces together....30 000 000...ufff!
Take a look at
http://www.eyicom.com/products.aspx
go under products and then order
What a dive we've had on HYRF, I guess on profit taking. Maybe this press release by EYII motivated sellers too:
EYI Industries Inc. Clarifies Letter of Intent with CEIEC (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1656253&guid=%7BBBAD6032%2D6130%2D45AC%2D8F18%2D0D42C73C3C88%7D&symb=)
Perhaps the market was disappointed that no deal was effectively signed, but I find information to be quite positive:
«Pursuant to the terms of the LOI, CEIEC agreed commencing in September 2005, subject to further negotiations respecting the terms and price of the purchase orders, to enter into certain purchase commitments to purchase up to 30,000,000 of EYI Industries' Code Blue(tm) water filtration systems (Code Blue(tm)) and to acquire the master agency rights to market and distribute Code Blue(tm) in China.»
30,000,000 Code Blues is a lot ! I was amazed by the retail price EYII is selling Code Blue, it is much higher than what I was originally thinking (thanks for the link ket1390 :)). I see $328.30 for each Code Blue :o (probably the product has much more technology than we thought, and that's why the way EYII sells it is appropriate).
Say they would sell each Code Blue to CEIEC at 1/10 of the retail price in the US. It would be $32.83. That times 30,000,000 is $984,900,000, much more than the $210M letter of intent :o
The whole thing is still being negotiated:
«The parties agreed to sign an initial purchase order in September 2005 and CEIEC agreed to purchase not less than $10,000 of the Filtration Systems as samples. The non-binding LOI is subject to the negotiation of a final agreement outlining the terms and price of the purchase orders.
Mr. Dori O'Neill, Essentially Yours Industries (Hong Kong) President and CEO stated, "During my recent trip to Hong Kong, I had the opportunity to meet with CEIEC representatives. Negotiations are ongoing however we have not yet reached a definitive agreement." »
HYRF says this in a recent press release:
«Yesterday's release of information also declared initial production estimates in amounts of up to 1,200 pitchers and 4,000 filters daily; however, after further negotiation and discussion with the manufacturer, these numbers have increased by more than 5 times their original projections. The company today announced that approximately 8,000 pitchers and 25,000 filters will begin the initial daily production goal. The new manufacturer will produce over 2 million pitchers and 6 million filters per year; providing the company more opportunity for order fulfillment than ever before.»
It looks it's still not enough, if everything goes through.
Anyway, the stock is up and down a lot, but I'm 200% ahead on my investment. I'm confortably sitting on a big profit, so the difficult part of the trade has gone now. This will be a very profitable trade, whatever happens (well, not whatever happens, but at this phase I will sell at least with 100% profit, if $0.37 is reached - I don't think so).
I admit I was a pig not selling at $1 when I had a 400% plus profit in just a few days. But that's the past, and at this point I'm not selling, I believe the stock will rise a lot more, even beyond $1 or $2 in the near future.
I will continue to hold HYRF.OB.
news out:
Ultra Choice Water Selects U.S. Manufacturer of New Product Line
Wednesday September 14, 8:00 am ET
RALEIGH, NC--(MARKET WIRE)--Sep 14, 2005 -- Ultra Choice Water, Inc. (UCW), the fourth portfolio company of HydroFlo, Inc. (OTC BB:HYRF.OB - News), today confirmed an official agreement with a U.S. manufacturer to provide the company with their initial shipment of household water filtration units.
Approximately 800 Counter-Top and Under-Sink Units are expected to arrive at the UCW distribution center in Apex, N.C., in October. The units themselves are recyclable to fulfill HydroFlo's continued commitment to maintaining a clean environment. The new systems filter water directly from any household sink, and each unit can be fitted with a pre-filtration system to extend its life. They remove the first layer of sediment to ensure the purification units work to maximum capacity.
UCW Chief Operating Officer, Deanna Britt, was extremely pleased about the recent contract, "UCW will now be able to offer water filtration products to all customers. We are looking forward to fulfilling the numerous orders already pending within our database, and to receiving many more over the coming years."
The first systems are set to retail at approximately $150.00 per unit and will be featured on the UCW website, which is currently under construction. The website, upon completion can be accessed at www.ultrachoicewaterinc.com. These products are set to go on sale by November of this year.
Dennis L. Mast, Chief Executive Officer of HydroFlo, explains his concern for the lack of manufacturing jobs in the United States. He states his desire to place job opportunities both in this country as well as abroad, "Manufacturing jobs have constantly been outsourced to foreign nations, depleting the base of work in the U.S. Few large manufacturing contracts are even offered to U.S. product developers. It is my goal to bring jobs back to this country, as well as spread opportunities worldwide."
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Apex, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.
David it seems the price of 328.20 is a package price including 4 pitchers 1 togo 4 Filters. It is around 69 dollar for each blue code filter in the store. I also think It depends what kind of a package they are selling to china. (this 30 000 000 pieces)
"Code Blue Package, Including Pitcher, Filter, and ToGo Item Code: CB 000
4/Pitchers, 1/ToGo, and 4/Filters"
http://www.sell.com/2ZZQX
It seems like HYRF is the one that was doing the catching up.
EYII seems to set the trend then HYRF is following through.
http://finance.yahoo.com/q/bc?s=EYII.OB&t=3m&l=on&z=m&q=l&c=hyrf.ob
Press Release Source: EYI Industries Inc
EYI Industries Announces Asian Distribution Agreement
Wednesday September 14, 4:30 pm ET
BURNABY, British Columbia, Sept. 14, 2005 (PRIMEZONE) -- EYI Industries Inc. (OTC BB:EYII.OB - News), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce Essentially Yours Industries (Hong Kong) Limited (``EYI HK'') has entered into a distribution agreement with All In One Global Logistics Ltd. (``AIO'') to distribute the EYI HK product line throughout Asia.
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click here
AIO is an established shipper / receiver / warehouse operation that services Hong Kong, mainland China, Thailand, Taiwan and other countries in South East Asia. The patented Code Blue(tm) water filtration system is manufactured in China and, as a result, AIO will handle the distribution of the product in China, Hong Kong and any other Asian countries for which EYI HK may establish sales for this product.
Essentially Yours Industries (Hong Kong) President and CEO, Dori O'Neill stated, ``Securing the services of an experienced and established distributor was one of the major goals of my recent trip to Hong Kong. We believe having a solid company with years of experience in shipping and logistics for South East Asia is key to establishing successful sales in Hong Kong and other Asian countries.''
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI. Alternatively, investors can e-mail AGORA Investor Relations directly at
[email protected].
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(TM) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(R), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(R) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE, is experiencing similar success to CALORAD(R) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Contact:
EYI Industries Inc.
AGORA Investor Relations
Jennifer Trevitt, Investor Relations
(604) 759-5017
[email protected] http://www.agoracom.com/IR/EYI
HYRF.OB is here to stay on the 3 Pennies on Fire Portfolio. This is a fundamentally backed trade/investment.
(computer went down, connectivity is very low, unable to post chart)
Here's the chart:
EYII is moving forwardI tried to get some Information from EYII concerning the Filters. On their Hompage I saw that all filters were not available at the moment (it was written "backordered"). The Shipment of 160 000.- Filters were sold out in one week! So I wrote an email to them which they responded within 4 hours. Mr. Irland is writing the next shipment will be arriving in 10 days. I got the mail yesterday so I expect a new shipment around sept 25. I wonder where it is coming from. Is Hyrf producing the filters still in Switzerland (Wal SA) until the China manufacturer begins to produce ? Anyway read the mail from eyii it sounds good. The filters are selling like "warm bred" >:D
news from august 23 http://biz.yahoo.com/pz/050823/84443.html
I also got a price list (pdf-file, 2 pages) with wholesale, retail prices, if you want the documents I ll send it to
you:
[email protected]Mail from Mr. Irland i got yesterday:
We have attached a price list for you. The first shipment
of units sold out in their first week. $150,000.00 of them.
We expect a new shipment in 10 days (approx) . All orders
are shipped on the basis of first in, first out. Orders
processed first are sent first. we would suggest you revisit
our site (s) below . Obtain a membership s.a.p. so as to get
wholesale pricing. Once done, you may place wholesale
order (s) when you choose to.
Sincerely, G. Ireland
www.Calorad.Info
www.JustGoBlue.com
ket1390 ;D go!!!!!
Thanks for the chart basonista :)
Great information ket1390, thanks a lot and keep it coming :)
HYRF.OB still has a $25.91M market cap. There's a lot of room to grow, as the company's products are selling like the world is going to end. I'll keep on holding this penny stock for the long term, each quarter will come with a big jump in revenues and profits, so it wouldn't be wise to sell before all that action happens.
Hi !
Federal Government to Allocate Billions to Restore Water Supply as the Primary Goal in Relief Effort
Sep 16, 2005 8:00:00 AM
RALEIGH, NC -- (MARKET WIRE) -- 09/16/05 -- HydroFlo Water Treatment, Inc. (HWTI), a portfolio company of HydroFlo, Inc. (OTC BB:HYRF), announced the company will consult with Federal, State and Local officials in an effort to restore sewer treatment and water supply throughout the Hurricane-ravaged areas in the Gulf Region. The Company, through lobbying firm mCapitol, has made contact with several government officials to expedite the distribution of water filtration systems and consulting services to enable local municipalities to restore basic sanitary living conditions.
Dennis Mast of HydroFlo stated, "We have already contacted Federal, State and Local officials, and we are contributing all the resources at our disposal to assist in the relief effort. Our investors should know that John Milne is doing all he can to secure a portion of the $100 billion that is being made available for disaster relief."
The president last night spoke of the immediate need to restore the basic necessities such as sewer and water to local municipalities. In order to restore the infrastructure and to return residents to their homes and business places, there must clean potable water and a means of maintaining a secure abundant supply. HydroFlo has committed to supplying 5,000 drinking water filtration units for the victims of Hurricane Katrina.
The toxicity of the floodwaters is one of the key elements of concern for officials in the Gulf Region. Based on a recent news report by the Associated Press, Concerns Grow About Toxic Floodwaters, first response organizations such as the Department of Health, the Centers for Disease and Prevention, and the Federal Emergency Management Agency have determined that. "The floodwaters are thick with sewage-related bacteria that are at least 10 times higher than acceptable safety limits. [They] contain E. coli, certain viruses and a type of cholera-like bacteria."
According to Dennis L. Mast, Chief Executive Officer of HydroFlo, ARTI-64(TM), the patented MARTI water filtration technology, reduces many of these bacteria in water making it safer for human consumption. He explained the company's commitment to the victims of Hurricane Katrina. "I am extremely concerned for the health and well-being of the people in the Gulf Region who have been stricken by this devastating event. I have personally lived through 5 hurricanes, and I know what type of damage a storm of Katrina's magnitude can have on the lives of families and individuals. I am honored to be able to offer these services to our fellow citizens during this horrific crisis."
Metals & Arsenic Removal Technology, Inc. (MARTI) is an international provider of water treatment solutions, treating water for industrial, municipal and residential customers. MARTI markets, designs, builds, and installs water filtration and treatment systems for the removal of arsenic in drinking water. Water contaminated with bacteria, viruses and poisonous toxins is killing people. The ARTI-64(TM) media combination is one of the most effective methods to eliminate and reduce these pollutants in order to provide clean potable water to the world.
HydroFlo Water Treatment, Inc. (HWTI) is an international provider of wastewater treatment solutions for industrial and governmental customers. HWTI designs, builds, and installs equipment used for pre-treatment of wastewater within sewers and pressure collection systems. The Company was founded in 1999 and provides equipment to end users and Original Equipment Manufacturers throughout the United States and Europe. The Company provides a full range of related services to companies and municipalities to treat their wastewater at the treatment plant by the use of the energy efficient aeration systems in treatment lagoons.
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact:
HydroFlo, Inc.
Rebecca Morgan
Investor Relations
Email Contact
919-772-9925
Good luck.
Evgeny.
This should give us a boost... but I hope they will sell more than 5,000 units.
Go HYRF ;D
Last week EYII also signed an distribution agreement with the same firm like Hyrf did in todays news with All in One Global Logistics. Thats a good sign :)
MARTI Signs Agreement With International Shipment Company
Monday September 19, 8:00 am ET
RALEIGH, NC--(MARKET WIRE)--Sep 19, 2005 -- Metals & Arsenic Removal Technology, Inc. (MARTI), a HydroFlo, Inc. (OTC BB:HYRF.OB - News) portfolio company, has entered into a distribution agreement with All In One Global Logistics Ltd. (AIO) to ship the MARTI product line throughout Asia.
AIO is an established shipper/receiver/warehouse operation that services Hong Kong, mainland China, Thailand, Taiwan and other countries in Southeast Asia. The patented MARTI water filtration system is manufactured in China and, as a result, AIO will handle the distribution of the product in China, Hong Kong, and the Pacific Realm.
MARTI Chief Operating Officer George Moore explained, "AIO has years of exceptional experience in shipping and logistics for Southeast Asia. In order to fulfill all future obligations in the Pacific Realm and Asia, we felt that choosing a company of this reputation would enhance our abilities to fulfill all of our customers' needs."
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Apex, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.
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Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
How come no updates today? If you want people to pay for your service, you should post updates regularly. I'm fairly new and I am considering subscribing, but the lack of updates today and the occasional more detail later posts, which are not followed up makes me a hesitant.
Quote
Quote from: eggman11 on September 19, 2005, 11:42:30 AM
How come no updates today? If you want people to pay for your service, you should post updates regularly. I'm fairly new and I am considering subscribing, but the lack of updates today and the occasional more detail later posts, which are not followed up makes me a hesitant.
I want to apologize for this. I'm going to court tomorrow because of a car I once bought (it was a Porsche, and after a week the car stopped working, I'm suing the car stand owner) and my lawyer asked me to prepare everything with the witnesses. I wasn't able to update all shares (14 updates, everyday, done religiously), but I will start doing it at about 5 PM New York time.
I don't understand this: «the occasional more detail later posts, which are not followed up makes me a hesitant.» What do you mean?
Again, I'm sorry, fresh new updates are coming after the close.
Eggman-
In my mind there is absolutely no need for David to apologize to you or to anyone else for that matter. ( Although he was gracious enough to do so). For the most part, he updates all these picks religiously and rarely is late in doing so. He has given us his reasons for buying this stock, ( Fundamentally undervalued). He has said that it is a long term hold and he has not given a target sell price (which is the right thing to do as far as I am concerned). Now, what part of this do you need updated or clarified?
As a matter of fact, I was going to suggest to David in a personal e-mail that all of theses daily updates for longer term holds were really not necessary.
As far as subscribing to 3Stocks, that is entirely your prerogative, but if you were NOT going to do that because David missed an update or two, I would just say good luck in your trading and all the best.
Irish
Applaud Irish good post ! ;) I see it also like that.
I was gonna send a simialr post earlier but then thought let the man answer himself. But I dont understand the logic of asking for the update. I mean, its not daytrading... No update just means no action. Hold.
Paying for service does give you the right to demand service but you should not what service is being offered.
Eggman....
If you had paid a bit more attention, you would see that David does not ask anyone to jump on the train when he does. In fact, if I am not mistaken, he appreciates others DD and assistance in each selection. He "selects" and it is up to you to ride or not. He has shown us what criteria he is using in most instances so that we can do our own updates. We greatly appreciate his input though. Do not mean to sound terse and mean no disrespect, but I get very tired of individuals attacking when there is no justification (there never is). In fact, all of us are here by choice. Those of us that choose not to be here should leave..... ;)
RJ
I didn't mean to ruffle so many feathers. I didn't mean to sound like, I am attacking anybody. If this remained free, I would have no problem if they never wanted to update, (at least a quick note about when the updates will be posted) but when you begin to pay with hard earned money, you begin expect a certain level of service. It is disappointing, when you say their will be daily updates and there are none to be found on any of the stocks, not just this one. I realize this one is a long term hold, but all of them are not, it actually says on the penny portfolio page that the object of the team is to come up with the "the best pennies to buy for short term purposes". I chose this board to inquire, because it is the most active board in the penny stock portfolio. I wish all of you a very healthy and wealthy future.
David-I greatly appreciate what you have done so far, and I wish you luck in your lawsuit.
Sincerely,
Egg :D
hi,
when david first proposed making 3sof a subscription he also said it would give him more time to do the updates as he would be working on this full time . it is in one of the early post on :the future of 3sof. i just went looking for it but couldn't find it but i remember reading that when it is a sub service updates will be done every day after market closes.
hope this helps,
this site rules!
maxi
p.s. i will be signing up for a year sub before the month is out
Quote from: eggman11 on September 19, 2005, 10:44:11 PM
When you begin to pay with hard earned money, you begin expect a certain level of service.
Jesus eggman, don't be such a jerk. This site provides the best value and the best help and learning of any stock trading board out there, and these guys go out of their way to always keep us in the know, updated, and they always detail what the plan is. If you're not smart enough to understand what you were supposed to do with this stock for one single day when there was no update, nor any reason for an update, you should try selling lemonade or something, not stocks. You could have asked nicely why there was no update, instead of demanding it like a whiny baby. It's also a lie that none of the stocks were updated. Most of them were on Sunday. You haven't even paid anything yet! Please don't come and ruin our nice board with such immature and offensive behavior.
Thanks for your support, and it looks like I indeed won the case, the other part didn't even show up :D
Now, considering HYRF.OB, there were some news yesterday, but they failed to materially impact the stock price:
MARTI Signs Agreement With International Shipment Company (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7BEB92B052%2D7313%2D498F%2D868A%2D18A1ADFB7DC6%7D&symb=)
I still think HYRF.OB is substantially undervalued with just $21.9M in market cap, but probably the market needs to see the company come up with the real numbers in terms of sales and profits, in form of SEC filings, to believe and reflect the fundamentals on the stock price.
But, according to the news and facts coming out of the company and EYII.OB, the numbers will be delivered. I think of HYRF as a sure play, a stock with fast improving fundamentals that will see it's market cap grow. So this stock will be maintained on the 3 Pennies on Fire portfolio as a long term holding. I still have another $9000 to speculate on other stocks with shorter term objectives.
First Shipment of Filtering Systems Leaves for Hurricane Katrina Survivors
09/20/2005 08:00
RALEIGH, NC -- (MARKET WIRE) -- 09/20/05 -- HydroFlo, Inc. (OTC BB: HYRF) today announced portfolio company Metals & Arsenic Removal Technology, Inc. (MARTI) has donated water filtering systems, along with HydroFlo portfolio company HydroFlo Water Treatment (HWTI) consulting services, to aid in the Hurricane Katrina disaster relief effort. The initial commitment for distribution of water pitchers and filters is for 5,000 units. The first shipment has been sent out to assist survivors and other shipments will follow to FEMA and the DOD as units are produced by our manufacturers.
Dennis L. Mast, Chief Executive Officer of HydroFlo, stated, ?In response to the President's request to restore the basic infrastructure of the hurricane-ravaged municipalities, HydroFlo has enlisted the help of local lobbyist Joe Mapes. Joe brings us the ability to have direct contact with families that have been affected as well as introductions to local governments and municipalities that need our help.?
Local lobbyist Joe Mapes of Baton Rouge, who has five families living in his office headquarters, has agreed to assist in the distribution of the water filtration systems and to help introduce HydroFlo to the local municipalities that will most benefit from HydroFlo portfolio company HydroFlo Water Treatment (HWTI) consulting services. Mr. Mapes commented, ?Louisiana is now the epicenter for change regarding how America protects itself from catastrophe -- be it man-made or natural. It is critical we 'get it right' in Louisiana first and then apply what we?ve learned nationwide to ensure a safe, productive future for America?s children and grandchildren.?
John D. Milne of mCapitol Management, who is very familiar with the Hurricane-affected area having been a resident of Baton Rouge, Louisiana, stated, ?We are continuing our efforts with Federal and State agencies to offer HydroFlo technology to victims of the hurricane to assist in their recovery from this devastating storm in the form of water filter systems and consulting services.?
Metals & Arsenic Removal Technology, Inc. (MARTI) is an international provider of water treatment solutions, treating water for industrial, municipal and residential customers. MARTI markets, designs, builds, and installs water filtration and treatment systems for the removal of arsenic in drinking water. Water contaminated with bacteria, viruses and poisonous toxins is killing people. The ARTI-64(TM) media combination is one of the most effective methods to eliminate and reduce these pollutants in order to provide clean potable water to the world.
@nd news of the day.
Late afternoon news is what caused the volume and price rise. ;D
September 20, 2005 - 3:18 PM EDT
HYRF 0.625 0.025
HydroFlo CEO Featured on WallSt.net
HydroFlo, Inc. (OTC BB: HYRF) today announced Chief Executive Officer, Dennis L. Mast, is highlighted in an interview by WallSt.net. The discussion covers HydroFlo's five portfolio companies and the objectives and expectations for corporate expansion into the next calendar year. Mast offers details regarding HydroFlo donations to Hurricane Katrina victims as well as projected corporate milestones for the next 12 to 18 months.
The interview features Mr. Mast's personal insights into the company's growth and projected income regarding the addition of a new Chinese manufacturer for Metals & Arsenic Removal Technology, Inc. (MARTI) products. Mr. Mast discusses, in depth, his expectations for substantial financial growth of the base revenue of HydroFlo portfolio companies Metals & Arsenic Removal Technology, Inc., Ultra Choice Water, Inc., and Advanced Water Recycle, Inc.
Mast explained his reasons for the timing of this interview, "I believe it is important to provide as much information about HydroFlo goals and objectives to the public as possible. I am glad to grant any interviews or updates about our company or innovative technologies."
To hear the entire interview, visit www.wallst.net. The interview can be accessed either by locating the ticker symbol (HYRF) on the left hand column under the appropriate exchange, or by entering the company's trading symbol (HYRF) in the Audio Search window.
About HydroFlo
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on earth.
Forward-Looking Statements
Maybe or maybe not, Julia. Do you have any idea what he had to say? It was quite interesting how this stock filled that gap at .49 and then IMMEDIATELY reversed to close green on the day. Gotta love it when that happens, especially when you know it's a definite possibility. I would think HYRF should have no problems from here , although I would like to see this Chinese deal signed and not merely a LOI. All the best.
Irish
Sorry Irish, i did not listen to the interview yet..but, there is a link inserted in the news release if you would like to hear for yourself.
I actually jumped in at .515 when i noticed buys coming in...so, i guess i finally picked a good time to jump in...usually i find the worst time to jump in ;D
Well..i hope there is alot more to come, and yes the signing should make for some nice price moves when it finally happens. ;D
good luck,
julia
Nice bounce today. Allowed me to add on the dip. I had sold all my position over .90 cents and added some in the low .70 cent range shortly after. Now I am building back my position. Today was very very good!!!!
I am also in EYII where it bounced nicely off the low .07 cent range....
I am feeling quite positive about each holding...
We shall see!!!!!
Me too, still didn't have time to listen to the interview the CEO of HYRF.OB gave. I will do that this afternoon after the open (all my work is done before the open).
I just want to acknowledge the spectacular technical behaviour of HYRF yesterday, coming down to close a big opened gap and then rebounding with a vengeance to close at the high of the day. Volume was above average too. It looks like a short term bottom is finally in place and we may strike at the highs again, since fundamentals warrant much higher prices.
Nothing new on HYRF.OB today, still with just $24M in market cap. Still didn't have time to listen to the CEO's interview, just leaving the updated chart:
To the candlestick pros,
Just for my own education...could yesterdays candle be considered a "hammer", of is the body too large ?
TYIA,
RJ
hi,
from american bulls:
Today a High Wave was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
not a hammer . the body is not big enough and too much upper shadow,
maxi
Quote from: RJ on September 22, 2005, 08:41:20 AM
To the candlestick pros,
Just for my own education...could yesterdays candle be considered a "hammer", of is the body too large ?
TYIA,
RJ
Hey RJ, I consider that candlestick a hammertype candle from my experience. I think the technical japanese name would be dragonfly doji(although a doji has the smae open/close) but its the concept thats important, imo.
The concept is a rejection of a move south with a close near the top of the range for the day. This doesnt mean the stock is ready for takeoff but that its being supported in this zone. A break below this support would be bad but less likely after 2 hammertype candles showing support.
For hammers it is also important to judge the previous trend before the candle. Hammers tend to show reversal so since the previous trend was down HYRF should be getting ready to move up.
I am getting ready to enter this one again.. lets see if it sets up with some volume.
Goodtrading 8)
Maxi....thank you for the respose..not sure about the American bull thing.
After reviewing the previous formations it would be logical to go with Elite's explanation and do so without emotional attachment (long this one). Thank you Elite, I will be studying this "doji" and " hammer" more. It seems to carry a lot of weight at times and seems to signify important tops and bottoms.
To me this is a great example of the greatness of this site :)...may you trade well today,
RJ
HI RJ,
i think your right about that . certainly elite g has more experience than me and i liked his assement . i am also long hyrf so obviously i would like to see it bullish which i think overall it is,
thanks
maxi
Hey G, I too ready to re-enter what entry point do see? or are looking at?
lows seem to only go to .50's (.48) doubt if 40's are ever coming again.
keeping in mind if all things stay on track.
Thanks, Mark
Quote from: RJ on September 22, 2005, 08:41:20 AM
To the candlestick pros,
Just for my own education...could yesterdays candle be considered a "hammer", of is the body too large ?
TYIA,
RJ
I agree with eliteG. Let me give you some specific rules of recognition for the hammer candlestick pattern (these are rigid rules, you can certainly be more flexible on your analysis):
Hammer - Rules of Recognition:
1. The small real body is at the upper end of the trading range.
2. The color of the body is not important.
3. The long lower shadow should be much longer than the length of the real body, usually two to three times.
4. There should be no upper shadow, or if there is, it should be very small.
Thinking about HYRF.OB, I enjoyed yesterday's action since the stock crossed over a short term descending trendline (I didn't put it on the chart before because I didn't want to scare anybody ;)).
There was a form 4 filing yesterday saying this:
«1. On December 20, 2004, UTEK Corporation sold its Safety Technologies, Inc. subsidiary to HydroFlo Corporation for 3,485,000 unregistered shares of HydroFlo Corporation's common stock in a stock-for-stock exchange.»
This UTEK Corp sold 364,956 shares over the last couple of weeks. 3,485,000-364,956=3,120,044 shares isn't much but it can put HYRF's advance on hold over the short term.
I will hold the stock anyway, we don't know how much UTEK is going to sell (perhaps they already sold all they wanted) and given the fundamentals of the company I believe demand will outpace supply anyway in the next few weeks.
Nice day today for both HYRF and EYII. I have that feeling that EYII has a little catching up to do. Maybe establish a new higher trading range before the contract signing. Maybe not as high as HYRF but somewhere in the .25 to .35 cent range.......
We shall see!!!!
Everybody have a nice weekend!!!!
I found EYII products on the ebay site in Germany! Selling in Europe starts !
Let s rock with news this week. ;D 8)
http://search.ebay.de/_W0QQsassZeznaturalremediesQQhtZ-1
Quote from: ket1390 on September 25, 2005, 02:13:44 PM
I found EYII products on the ebay site in Germany! Selling in Europe starts !
Let s rock with news this week. ;D 8)
http://search.ebay.de/_W0QQsassZeznaturalremediesQQhtZ-1
That's great ket1390 :D One thing that I particularly like about EYII's 40% rise on Friday is that it was based on pure market developments, there were no news involved. Possibly the supply that was affecting the stock price is over now, and EYII will be able to reflect its fundamental value and potential, which is much bigger than a $20M market cap would predict.
I also found 1 Code Blue for sale at the UK ebay: Code Blue at EBAY (http://cgi.ebay.co.uk/Code-Blue-TM-Water-Filtration-System-L-K-NEW_W0QQitemZ5616745407QQcategoryZ19262QQssPageNameZWD2VQQrdZ1QQcmdZViewItem)
When Ramsburg arrives I will buy this one for myself (don't you go bidding on my product ;D) just to see how it works and have something to remember the $1,000,000 adventure (I would prefer to have the $1,000,000 as a souvenir, though ;D)
HYRF is coming back to the high zone again, I will obviously continue holding HYRF.OB.
decided I had to rebuy in.. so much support with those hammer candles and drifting up and LVL2 looks good. I'm lookin for the move soon ;). Goodluck everybody, rock'n'roll >:D
News
http://biz.yahoo.com/pz/050926/86741.html
Tomorow maybe a nice day !!!
Regards
finally!! excellent news ;D
This is exactly what we (and the market) have been waiting for for both HYRF and EYII. Now I'm so glad I didn't take my other half off the table and have held through the pullback the last week or two.
We should be beating previous highs before you know it :D
Can't wait to see tomorrow's open :o
good luck everybody still in this one, and again, nice pick david
cheers!
QuotePress Release Source: EYI Industries Inc
EYI Industries, Inc. Signs Chinese Agency Agreement With CEIEC
Monday September 26, 4:10 pm ET
BURNABY, British Columbia, Sept. 26, 2005 (PRIMEZONE) -- - EYI Industries, Inc. (``EYI'') (OTC BB:EYII.OB - News) http://www.StopDrinkingPoison.com, a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that its wholly owned subsidiary, Essentially Yours Industries (Hong Kong) Limited, has entered into an agreement for the sale of an undisclosed number of Patented Code Blue(TM) Water Filtration Systems over a 2-year period with China Electronics Import and Export South China Corporation (``CEIEC'') through its wholly owned subsidiary.
Subject to the provisions of the agreement, CEIEC may purchase up to an estimated US$210 Million worth of product as per the following Purchase Plan:
Fiscal 2006 (US$42,000,000)
---------------------------
Q1 = US$700,000
Q2 = US$2,800,000
Q3 = US$14,000,000
Q4 = US$24,500,000
Fiscal 2007 (US$168,000,000)
----------------------------
Q1 = US$31,500,000
Q2 = US$38,500,000
Q3 = US$45,500,000
Q4 = US$52,500,000
ADVERTISEMENT
Under the terms of the agreement, EYI will issue an Exclusive Agency Certificate to CEIEC, thereby granting CEIEC the exclusive right to distribute the Code Blue(TM) Water Filtration System throughout China for a period of two (2) years. In order to maintain exclusive agency rights in China, CEIEC must purchase a minimum of $21,000,000 in product in each of the years 2006 and 2007. CEIEC reserves the right, upon reasonable notice, to increase, or decrease, the number of Code Blue(TM) units that it purchases under the Purchase Plan, based on its evaluation of market demand in China. CEIEC will commence purchases under the Purchase Plan commencing in October 2005, and will place subsequent purchase orders on a quarterly basis.
The CEIEC, located in South China, is the largest exporter and importer of electronic products in China and was the first Chinese enterprise to establish sales and cooperative relations with foreign brand name enterprises such as Hitachi, Sharp, Mitsubishi, Panasonic, Siemens, Casio, Philips, Hewlett-Packard, LG and Samsung. Currently, CEIEC is under the direction of the Chinese government and has extensive business relations with nearly 100 countries and regions and imports/exports over US$1 Billion in products every year.
The Code Blue(TM) Portable Water Filtration System removes Arsenic and other contaminates to a negligible level from drinking water. China's large rural population and poor infrastructure in those outlying regions have created a huge demand for the Code Blue(TM) system which will facilitate the removal of harmful toxins from water, making it safe for human consumption.
Essentially Yours Industries (Hong Kong) Limited President and CEO Dori O'Neill stated, ``As evidenced by this agreement, our recent trip to Hong Kong proved to be very productive. Not only have we established the infrastructure to support our sales initiatives in Asia, we have inked an agreement with a well established and reputable company in China.'' Mr. O'Neill went on to say, ``We are extremely excited to see this agreement with CEIEC come to fruition as it opens up the world's largest consumer base and fastest-growing global economy to EYI.''
EYI's President, Jay Sargeant stated, ``This agreement with CEIEC represents many months of hard work and negotiations by the entire EYI team and we are very proud to finally announce that we have an agreement in-hand with CEIEC, which, if successfully completed, will be worth up to an estimated US$210 Million in sales over 2 years.'' Mr. Sargeant added, ``As always, we would like to thank our loyal shareholders who continue to believe in EYI and the EYI business model. I can assure you that we are doing everything in our power to create shareholder value.''
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI
Alternatively, investors can e-mail AGORA Investor Relations directly at [email protected].
About EYI (http://www.StopDrinkingPoison.com )
EYI Industries, Inc., through its subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(TM) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of EYI's sales are from CALORAD(R), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(R) have been sold since EYI was founded in 1995. EYI's newest product, PROSOTEINE is bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. EYI's sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements, particularly as related to, among other things, EYI's product purchase agreements and EYI's business strategy. The words or phrases ``would be'', ``will allow'', ``intends to'', ``may result'', ``are expected to'', ``will continue'', ``anticipates'', ``expects'', ``estimate'', ``project'', ``indicate'', ``could'', ``potentially'', ``should'', ``believe'', ``considers'' or similar expressions are intended to identify ``forward-looking statements.'' Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause EYI's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the enforceability of its product purchase contracts in foreign countries, the performance of EYI's staff, management, financing, competition, EYI's ability to implement or manage its expansion strategy, general economic conditions and other factors that are detailed in EYI's Annual Report on Form 10-KSB and on documents EYI files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. EYI cautions readers not to place undue reliance on such statements. EYI does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the EYI's expectations and estimates.
Contact:
For EYI Industries, Inc.
AGORA Investor Relations
Jennifer Trevitt, Investor Relations
(604) 759-5017
[email protected]
www.agoracom.com/IR/EYI
I'm long 80,000 shares in EYII at .1203 - Wondering what the price target should be based on this news?
KC,
David's target is .32....come hell or high water (no pun intended :o )... I am a newbie and a wanna be, so from the wee bit of experience I have had from these pennies...I think that .25 - .30 is reasonable, but take some off the table as you go....I like Elite's discipline....and as David says...sometimes you just might have to buy it higher...hope you make a killin' >:D....good luck,
that is a lot of water you are holding... ::)
RJ
HYRF should move on the great news for EYII, but it is my opinion that EYII will see the major uptrend this time.
I tend to believe that EYII is worth more than the .32 cent shareprice and will go higher.
The contract assures $21 million is on the way with estimates for a potential 42 million next year.
Given those two numbers using a 20% net profit margin and a pe ratio of 30 given 166 million o/s lets have some fun...
21 million would support a shareprice of .76 cents
21 million * 20% gives total earnings of 4.2 million. The 4.2 million using 166 million o/s give an eps of .0253. Utilize a pe of 30 gives the shareprice .76 .
42 million would support a shareprice of $1.50
42 million * 20% gives total earnings of 8.4 million. The 8.4 million using 166 million o/s give an eps of .05. Utilize a pe of 30 gives the shareprice $1.50.
It will be fun, that is for sure.....
Good luck to all !!!!!!!
Thanks for the calculations aitech61. Plus, keep in mind that you're only accounting for the sales of Code Blue in the share price. EYI sells many other products besides Code Blue (although the sales pale in comparison to this contract). Still though, sales are sales and the prices you mentioned seem to even be a little on the low side to me.
It would be fun to see what a $250M contract would do to the price, in a best case scenario type calculation. :o
Quote from: RJ on September 26, 2005, 08:20:45 PM
KC,
David's target is .32....come hell or high water (no pun intended :o )... I am a newbie and a wanna be, so from the wee bit of experience I have had from these pennies...I think that .25 - .30 is reasonable, but take some off the table as you go....I like Elite's discipline....and as David says...sometimes you just might have to buy it higher...hope you make a killin' >:D....good luck,
that is a lot of water you are holding... ::)
RJ
Thanks RJ and aitech61 - since I'm not a T/A guy I'm not sure where the triangle(s) point to, so I hope David gives us some additional targeting in addition to the 100% goal.
You can read my analysis on EYII to know what I think from these two stocks: Double or nothing: EYHII (http://www.3stocksonfire.org/trading/index.php?topic=2327.msg23307#msg23307)
HYRF.OB pre-market equilibrium is already at $0.87, if the stock makes it and closes above $1 the technical target ofr the breakout would be $1.64, so I hope HYRF can make it today ! If its not today, no problem, I have patience for a company with such an attractive fundamentals like this one.
Tuesday , September 27, 2005 09:16 ET
>:D
ATLANTA, GA, Sep 27, 2005 (MARKET WIRE via COMTEX) --Market Pulse is pleased to introduce our featured stock, EYI Industries Inc. (OTC BB: EYII), to the investment community! EYI Industries is new to Market Pulse and is poised to become a significant player in the wellness products industry! EYII has had several excellent news announcements out lately and one again after Monday's bell. EYI's President, Jay Sargeant stated, "This agreement with CEIEC represents many months of hard work and negotiations by the entire EYI team and we are very proud to finally announce that we have an agreement in-hand with CEIEC, which, if successfully completed, will be worth up to an estimated US$210 Million in sales over 2 years." This could be huge news for investors!
http://www.knobias.com/individual/public/news.htm?eid=3.1.ff0e6d041a1ade788a202af5ecf1de0788a68f8db9084cf13ca645cff618b386
To DR:
Please revisit your analysis now that news has broken through radio interview by Mast that HYRF receives 70% of deal.
The best buying point is $0.50 (61.8% retracement)
MARTI Distributor Signs Guaranteed 2 Year $42 Million Agreement With Chinese Distribution Company
Tuesday September 27, 1:35 pm ET
Pitcher & Filters to be Distributed Throughout China
RALEIGH, NC--(MARKET WIRE)--Sep 27, 2005 -- Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. (OTC BB:HYRF.OB - News), today announced the company will produce and supply Canadian Distribution Company, Essentially Yours Industries, Inc. (EYI) and China Electronics Import and Export South China Corporation (CEIEC) with $42 million worth of Water Pitchers and Filters.
Metals & Arsenic Removal Technology, Inc. (MARTI), a portfolio company of HydroFlo, Inc. will provide the Canadian Distribution Company with water pitcher and filters manufactured and produced by MARTI. CEIEC must purchase a minimum of $21,000,000 in product in each of the years 2006 and 2007. CEIEC, located in South China, is the largest exporter and importer of electronic products in China and was the first Chinese enterprise to establish sales and cooperative relations with foreign brand name enterprises such as Hitachi, Sharp, Mitsubishi, Panasonic, Siemens, Casio, Philips, Hewlett-Packard, LG and Samsung. Currently, CEIEC is under the direction of the Chinese government and has extensive business relations with nearly 100 countries and regions and imports/exports over US$1 Billion in products every year.
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment, and removal of contaminants. By so doing, our most precious resource can be rendered safe and abundantly available for all future generations, and thereby, improve the quality of life on Earth.
la-onda beat me to it.
News:
MARTI Distributor Signs Guaranteed 2 Year $42 Million Agreement With Chinese Distribution Company
http://biz.yahoo.com/iw/050927/096389.html
-----------
I took a little off the table for a nice 422% profit...I had to do it when I saw the number 422%...422fwhp...no brainer...jk Seriously, I sold less than 1/5 of my position but have already made back my initial investment and then some. And I say, THANK YOU! Applaud again.
Jody
Those were great news for HYRF and the stock jumped 22% yesterday. HYRF's CEO said his company will get 70% of the deal with CEIEC, so, the price of each product being $20, HYRF will receive from EYII $14 for each Code Blue Water Filtration System sold to CEIEC.
HYRF then has the production costs, which we still don't know how much they will be, but the move the company made changing production from Switzerland to China will without a doubt increase HYRF's profit margin.
This is for the deal with CEIEC alone. CEIEC has a big quantity discount from EYII, so the profit margin is lower in this case for EYII. But for other costumers EYII sells the product at prices ranging from $40 to $70.
Let's imagine HYRF will be able to produce Code Blues at $7 each (probably they will be able to do it at a lower cost, but let's be conservative). They make a profit of $7 on each unit sold.
CEIEC must purchase a minimum of 4,000,000 filters in 2006 and another 4,000,000 in 2007, but this number can rise to more than 30,000,000. Anyway, 4,000,000*$7 = $28,000,000 in profits from this deal alone for HYRF.OB in 2006 and 2007. The market cap of the company is $35.4M, so the very conservative P/E Ratio of the company for 2006 is 1.26 :o
There's no doubt, HYRF.OB will continue to sky rocket in the coming days and weeks.
Alrighty there all,
Well we may be pulling back a bit today, but have no fear methinks, all looks good. Todays low at .80 filled yesterdays gap up perfectly and also bounced off the 9 ema and a new ascending trendline. Does anyone else think we may have an ascending triangle breakout forming here?? Chart and indicators all look positive, and I think if it happens we can be assured of volume. :)
As there are lots of people riding on this one, any further comments on TA for the short term?
Here's the chart:
I have a question scottishtrader.
How do you post an *annotated* chart?
TIA...Jody
I don't see the ascending triangle formation ScottishTrader, but I think the gap comment is important. Just think of what happened the last time HYRF.OB came down to close an open gap ... it looks like the market maker doesn't want to leave gaps opened as this stock makes a perfect bullish rise.
I believe, given the fundamentals, it is just a matter of time for HYRF.OB to break $1 on the upside and continue higher, this is still just a $31M company.
QuoteHow do you post an *annotated* chart?
TIA...Jody
You just click on additional options, then browse and select an image on the .gif format with the chart. Then click post. ScottishTrader got his chart from www.stockcharts.com, I have the Metastock software for charting purposes (and other, like exploring and filtering the market).
Let me rephrase...
How does one SAVE an annotated chart? I can save/post a normal chart but can't seem to find a save option for the annotated chart...
TIA...Jody
Quote from: 422fwhp on September 29, 2005, 08:09:51 AM
Let me rephrase...
How does one SAVE an annotated chart? I can save/post a normal chart but can't seem to find a save option for the annotated chart...
TIA...Jody
hi,
you should be able to right click on your chart and it will say "save" or "save as" and then you can decide which folder you want to put it in. this is also in "file" top left hand corner of your screen.
maxi
Quote from: 422fwhp on September 29, 2005, 08:09:51 AM
Let me rephrase...
How does one SAVE an annotated chart? I can save/post a normal chart but can't seem to find a save option for the annotated chart...
TIA...Jody
Only works if you have a subscription. Otherwise press 'print screen' and open the card in a picture programme and save as ....
Amarens
Quote from: Amarens on September 29, 2005, 09:07:19 AM
Only works if you have a subscription. Otherwise press 'print screen' and open the card in a picture programme and save as ....
Amarens
Quote
AH-HAH!!! That's it...thank you.
Jody
I see profit taking on extremely low volume. $0.80 held on close, which is a positive. Now the future can play out both ways:
1) The stock breaks $0.80 on the downside and many people will perceive it as a buying opportunity, because that's what it clearly is, based on fundamentals.
2) The stock breaks $1 on the upside and everybody will be chasing it higher because they don't want to miss the next big move.
Either way, the only way is up for HYRF.OB.
I have an usual request:
Can you and Ramsburg put their pictures somewhere on the site.
http://biz.yahoo.com/iw/050930/096666.html
HydroFlo Files Extension for Filing of Annual Report to Allow for New Asset Valuation in Wake of $42 Million MARTI Agreement
Friday September 30, 8:30 am ET
RALEIGH, NC--(MARKET WIRE)--Sep 30, 2005 -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) CEO Dennis Mast today issued a comment regarding the Company's Notice of a Late Filing of Form 10-K filed on September 28, 2005. As a result of the recent two-year $42 million agreement that portfolio company Metals & Arsenic Removal Technology, Inc. (MARTI) received from a Chinese distribution company, HydroFlo's Board of Directors believes that the Company should seek a new independent valuation of the Company's portfolio assets.
ADVERTISEMENT
"An agreement of this magnitude, which we have valued at over $210 million over the next two years, is so significant that the Board feels that an independent valuation of our portfolio assets is in order before our Annual Report is filed," stated Mr. Mast. "While it is clear that the contract will significantly increase the value of MARTI, the Board would like an independent verification before we calculate how much our per share net asset value has grown."
"The Notice of a Late Filing gives the Company an additional 15 days to submit the 10-K without consequence, and we expect to have the valuation completed in time to include in this Annual Report," added Mr. Mast.
About HydroFlo
HydroFlo (http://www.hydroflo.us) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo is to locate, develop, and fund innovative technologies and businesses and utilize these acquisitions to make pure water available to the world by means of disinfection, purification, and removal of contaminants. It is our belief that water can overcome hunger, disease, poverty, and improve the overall quality of life on earth.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
ok, now we're talking,
this re-evaluation should send things through the roof. Once investors realise how much HYRF is actually worth, compared to what it is trading at, I'm sure we shall see some serious upside movement. 2 weeks is not long to wait for this, and while I doubled my position at around .90, I'm sure that this will prove to be a wise investment.
HYRF should be a long term hold into next year
Go Go Go ;D
P.S. I hope eveyone is having a nice morning, it's beautiful and sunny where I'm sitting :)
Here wild fires ring the city. Ashes of sycamore and pine have been falling for days like a summer snowstorm dusting car roofs and lawns with a fine coating of ash and turning the sky a Jupeterian orange.
I sold out of HYRF in the 90's on it first run up. But this new news makes me think of going back in.
I sold out of CWPC at 1.86. Today it hit 2.50 intra day.
Prfor Hal
Quote from: stocky on September 30, 2005, 12:11:09 AM
I have an usual request:
Can you and Ramsburg put their pictures somewhere on the site.
Do you really want that? lol, of course, no problem :) I'll ask Ramsburg to put some pictures of us on the website.
Thanks for posting the news 422fwhp, that's a good motive to delay a 10-Q filing :):
HydroFlo Files Extension for Filing of Annual Report to Allow for New Asset Valuation in Wake of $42 Million MARTI Agreement (http://www.marketwatch.com/tools/quotes/newsarticle.asp?dist=¶m=archive&siteid=mktw&guid=%7BDC6BB101%2DC046%2D4B3A%2D91EC%2D051FF624E7B1%7D)
Technically the stock is making a base for a bullish move, it even made a nice and mostly unknown candlestick pattern, the 3 Stars in The South:
«This pattern shows a downtrend slowly deteriorating with less and less daily price movement and consecutively higher lows. The long lower shadow on the first day is critical to this pattern because it is the first sign of buying enthusiasm. The next day open higher, trades lower, but does not go lower than the previous day's low. This second day also closes off of its low. The third day is a black marubozu and is engulfed by the previous day's range».
Of course we need some flexibility here, but that's the pattern. Confirmation is suggested and maybe that will come today with a white candle from HYRF.OB.
David & Frederick:
Since so many of us are also in EYII and the issues are so closely related, would you agree we should have updates for EYII brought into this fourm.
Thanks,
Scott
i second that!
maxi ;D
I third that. I think having EYII updates in this thread is a good idea, too
Quote from: KCScott on October 03, 2005, 09:16:02 AM
Since so many of us are also in EYII and the issues are so closely related, would you agree we should have updates for EYII brought into this fourm.
Agreed! :)
Ok guys, here's what I'll do. Tomorrow I'll buy another $1,000 of EYII.OB for it to join the 3 Pennies on Fire Portfolio and then have a daily update. Allright? :)
Quote from: David Randolph on October 03, 2005, 12:01:42 PM
Ok guys, here's what I'll do. Tomorrow I'll buy another $1,000 of EYII.OB for it to join the 3 Pennies on Fire Portfolio and then have a daily update. Allright? :)
JMO, I'd buy it right now while it's sitting there at .096 - The 5 day RSI is bottomed out and it may jump by day end.
If I wasn't 80,000 shares in, I'd pick some more up.
Quote from: KCScott on October 03, 2005, 12:07:30 PM
Quote from: David Randolph on October 03, 2005, 12:01:42 PM
Ok guys, here's what I'll do. Tomorrow I'll buy another $1,000 of EYII.OB for it to join the 3 Pennies on Fire Portfolio and then have a daily update. Allright? :)
JMO, I'd buy it right now while it's sitting there at .096 - The 5 day RSI is bottomed out and it may jump by day end.
If I wasn't 80,000 shares in, I'd pick some more up.
No, I can't, because of two reasons:
1) Everything I make on the stock market has a previously made plan, I don't decide to buy or sell anything with the market opened, unless I've planned to do so with the market closed.
2) I make a plan or analysis before I buy or sell any stock. That plan must be shared with all 3 SOF members, so they can react to it before or at least at the same time as I do.
If I bought the stock now how would it be possible for other members to do the same, at the same time? If the stock went up then everybody would complaint because they were not looking at the website at this particular time of the day and our service would lose value over time.
80,000 shares is already a good position for this penny stock, though the fundamentals are very attractive, nothing is more important than risk control in the stock market, so if I were you I would stay put with those 80,000 and wait some time ... there are other great opportunities in the market, just give me some time to look for them :)
I respect that David.
I just wish my 80,000 were at .096 rather than .12 :P
I had my finger on the button the morning it jumped to .16 but didn't pull the trigger.
I'm not sure I have the discipline or intuition to know when to sell.
What are your thoughts, based on the pattern we see of EYII:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=6045;image)
Of setting a plan to sell around .15-.16 for the next spike and then buying back in on the next pull back?
Thanks as always
QuoteOf setting a plan to sell around .15-.16 for the next spike and then buying back in on the next pull back?
No, no, I wouldn't do that ... beware, when supply is over from the option and warrants holders EYII.OB will shoot much higher than that and then you won't have time to grab anymore shares. You have too many of them, that's why you feel so anxious. I would sell just 5,000 now for psychological purposes only and hold the rest of the 75,000 for the big push that's coming. Please read my comparison between AMEP and EYII on the Double or Nothing thread.
That's what I would do, but of course you do what you please with your money. Good luck :)
EYII only represents 6% of my stock trading portfolio, and far less % of my total portfolio.
It's not a financial urgency, but rather an idea based on how I've seen the stock move.
I an really just learning how to trade at this point. My old method of buy and hold produced less than stellar results so now I'm attempting to actively manage some of my assets.
I'll continue to show patience with EYII - Thanks Again
You nailed it KC...PATIENCE!!! I too, have had the "lack of patience" curse and I applaude David again for helping me be patient with the daily updates and encouragement...it truly helps.
As for EYII, I have a wide range of price points, mainly because I bought at .125 but I also managed to grab a .07, .085, and today at .094
...will trim some after the BIG ONE! ;)
HYRF break-out soon.
Shawfund said it all, HYRF.OB is ready to breakout soon. This penny stock will probably close above $1 and that will clear the way for another powerful advance phase.
We are getting some more help! Coverage of the type we like to see. I bought some more - now if EYII would get added to the mix!!! ;D Dave
RALEIGH, NC--(MARKET WIRE)--Oct 4, 2005 -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) today announced that New York-based Wasserman Morris & Company, an independent investment research firm, began its initial coverage of the Company.
Wasserman Morris & Company initiated coverage with a report that upgraded the previous price target from $0.47 to $2.10 well above its current trading price while maintaining a "Speculative Buy." Their report is available for viewing at http://www.wassermanmorris.com.
In the latest report Wasserman Morris & Company's analysts explained, "We raised the previous price target from $0.47to $2.10 per share and maintained the Speculative Buy Rating of HYRF's common stock. In our opinion, HYRF is succeeding in building a portfolio of companies in the water market that will enjoy cost and revenue synergies."
Wasserman Morris & Co. is an equity research firm providing un-biased research for significantly under-followed small cap companies. Wasserman Morris & Co. distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks.
News on HYRF.OB: Wasserman Morris & Co. Initiates Coverage and Issues Research Report for HydroFlo With Price Target Upgrade to $2.10 (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7B87623161%2D9E4A%2D4B9D%2D9FF9%2D699C1B98F577%7D&symb=)
Just $2.10? I guess they'll need to upgrade the stock again in the future ;D Let's see if this upgrade is able to help HYRF.OB close above $1 today, I hope so :D
David, LOL just 2.10 and a " speculative" buy.. Isnt everything a speculation??
Another great pick David.. Just hibernate with this one.. Lets wait until 1st quarter 06 to make a new evaluation. Cheers
I am too stupid that I only bought 3k shares at $0.53 (61.8% retracement) with so many smart guys doing so wonderful analysis here for us.
I should at least buy 30k at that price.
Looks like we will finally get over that $1 hurdle ;D
If the stock runs up to $2, this will be a first 10-bag stock in the portfolio.
May be much higher than $2.00.
Fundamental played an important rule here.
OB stocks do contain gold mining. David and all of you have dig it out.
Thanks for your comments and help :)
QuoteOB stocks do contain gold mining. David and all of you have dig it out.
Yes, when we find one really attractive we must stick to it, because they're rare. What's interesting about HYRF.OB is that it wasn't found by my technical filters, it was a fundamental pick related to EYII.OB and the $1,000,000 experience. I think one really needs to know the fundamentals to win big at the OTCBB market.
HYRF.OB made a clean shot to new highs, rising 33% today. I have an open profit of 532% at this point, and selling this stock alone would put the overall penny portfolio performance above 50%, which is awesome :o
Just one great pick makes the overall performance change a lot, even though I have just 10% of the capital in it. Like I always say, it's those big winners that bring you the above average returns, so one absolutely needs to let the profits run when fundamentals are bullish.
The rally today was about to happen, the upgrade from Wasserman Morris & Co. (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7B87623161%2D9E4A%2D4B9D%2D9FF9%2D699C1B98F577%7D&symb=) (was anyone able to read the full report? I couldn't login to their website, didn't got any password. I wonder if they mention EYII.OB on their research) just made things happen more rapidly. I have nothing to complaint, but I would like to see some more volume on this breakout.
Anyway, I think HYRF.OB can continue to rise on low volume to much higher levels ... forget $2, I see $5 in 6 months to a year and that's where I'll probably sell. But I don't want to be locked up to one side of the market, I have to feel free to change opinion and sell tomorrow if my analysis change.
But for now I'll continue letting the profits run on HYRF.OB.
Good evening David,
Here is the report..
http://www.wassermanmorris.com/other/dl_read.php?ul=U1&df=HYRF%5FWassermanMorris%5F100305%5FKLytelCFA%2Edoc
Keep up the wonderful work!
The wasserman report predicts earnings per share for FY 2006, at .32 per share. WOW! ;D
I have to be quite frank and say this, I am not sure on how to value a BDC company, especially so when HYRF does not disclose their subs share structure, revenue and profits. But I do wish that HYRF's PPS keeps going up.
Now, they did disclose the expected revenues and profits to the analyst. It came out to 32 cents per share (subs combined). If I look at it like a investment fund, then the PPS ought to be the NAV which is currently 12 cents and projected to be 45 cents end of 2005-2006. These are unrealized gains.
Some unknowns:
1. How long will HYRF continue to be a BDC company?
2. Will they ever report revenue & profits for their subs?
3. Capital structure for their subs????
But it looks like the market is giving a very nice premium to HYRF!
Most investors can hold a losing stock even it droped 90% of its value from purchase,
but sell its winning stocks for only 10% gain even the stock may continue rising.
That is, one losing stock may ruin all the profits the investor gained from all other winning stocks.
Here we may have more losing stocks with small losses with few big winners and the overall performance is big.
I see everybody else forgot to bring a wet blanket!
Here's one. Can anybody find any reference to Wasserman Morris & Co initiating coverage on ANY stock other than HydroFlo? Ever?
Can anybody find any reference to Wasserman Morris & Co at all, that does not mention HydroFlo?
My research indicates no history for this company at all, except for widespread dissemination of the HYRF press release that mentions them.
Be sure to take profits, don't bet too big.
Update: I was able to get a guest password and log into the MW & C site. Still can't get the research to download, but I see that the download for the research (and research on another company, VRSO, a Brazilian networking outfit that trades for .01) is listed as "Paid For" Research.
The press release referred to MW & C as "an independent investment research firm," and the research as "unbiased." That HYRF paid for this coverage is something to keep in mind, IMO.
The report is a guide and a CFA's opinion.. that's all.. I will let my analysis be my guide as I would hope all investors would. Thanks for your input, research on Wasserman and observations.
and now I have something that will be of everyones interest..
Click below..
http://www.free-press-release.com/news/200411/1099356127.html
Do a web search on this analyst who issued the report. This guy has been changing firms in the last few years and appears to be as the Jefferson's did "Movin on up!"
We are in good company.. :) ::)
Thanks for posting the research report madge20 :)
I actually think it was very conservative, weighting the P/E for 25% of the valuation and the Price to Book Value for 75%. If their estimate is right with $0.32 a share in earnings for 2006 the current P/E would be 3.375, extremely undervalued.
Even if the stock trades at $3.2 the P/E would still be just 10, when the industry average is 25 as the report says.
robt does well making his word of caution but I've known HYRF's fundamentals before this report and I think the stock can run up to $5 in the coming months.
Very Newbie :o to this board was intoduced to David with HYRF @ .18... thanks for the tip...for the life of me I cannot understand the price action of the last couple of days. It seems we are testing support at.95. But why didn't it hold above $1. Is it manipulation of Wasserwhoever or just irrational exuburance?
Can anyone explain? ???
Thanks and I do know when the first order is placed EYII and HYRF are going to fly.
Quote from: bw6458 on October 06, 2005, 10:28:10 AM
Very Newbie :o to this board was introduced to David with HYRF @ .18... thanks for the tip...for the life of me I cannot understand the price action of the last couple of days. It seems we are testing support at.95. But why didn't it hold above $1. Is it manipulation of Wasserwhoever or just irrational exuberance?
Can anyone explain? ???
Thanks and I do know when the first order is placed EYII and HYRF are going to fly.
People who bought just because of the research deserve to lose, since the research didn't change the fundamentals of the stock which were already known by the market.
Longer term this is just short term noise and the stock will probably continue to trend higher.
bw6458-
To answer your question specifically, HYRF has been down the last few days, but look at the overall markets. They have been down sustantially on very heavy volume. Meanwhile this move downward by HYRF has been on average or below average volume. There should be no doubt that this is, as David has said, short term noise and nothing else.All the best.
Irish
A pullback on low volume from HYRF.OB, correcting the rise that happened just because of a research report.
The stock will probably continue consolidating before the next push up. The trend is still bullish as you can see on the chart below, and fundamentals warrant higher prices, I will continue holding HYRF.OB.
Surprise, surprise, another rally on HYRF.OB, this time 1,000,000 plus shares traded. This happens with bullish stocks, we never know when they will flourish again, but they will ...
I will continue holding HYRF.OB for the long term, I have an almost 500% profit on it :o
Nothing new on the technical or fundamental front on HYRF.OB. I'll continue holding the stock for the long term, just leaving the updated chart.
There's no story to tell on HYRF.OB today. I will continue holding.
Intriguing that HYRF's price jumped up as high as 1.17 today on very little volume today. The only news item around was this one:
http://biz.yahoo.com/iw/051012/097744.html
Which might have caused it, but came out much earlier in the day. It seems to me that there are almost no fundamental sellers around any more, but probably quite a lot of swing traders out there, wanting to maximise profits by selling into any gain to buy back later - and its not a bad strategy, just have a look at the trading ranges over the last few weeks in the attatched spreadsheet:
On most given days, the high/low spread is substantially higher than the open/close spread, today being an perfect example, with an open close spread of less than 3% of the open, but with a high/low spread of nearly 12% of open. Now I know that this is true for most stocks, but with HYRF we are consistently talking about a 10-15% range at least, which isn't short change.
I am just putting this information out there as I think it is likely that there is some manipulation going on in this stock, at least by large swing traders. Most gains will very likely be pulled back, often intraday. For the more adventurous out there, it represents an opportunity to make profits through intra/inter-day swings as HYRF advances.
But this is against David's philosophy, and is potentially risky too, as today demonstrates once again that you never know when this puppy is going to make a move. ???
Digest it as you will, I am considering using 1/3 of my position for potential swing trading purposes, holding the remainder for the longer term ride ;D
Good luck while you do it ScottishTrader, but remember this is an OTCBB stock and you probably could never sell at the high of buy at the low of the day's range. The market maker can play around with you if he notices you, not filling your orders. You can be selling at, say, $1.17, the stock goes to $1.20 and yet you didn't get filled, beware those tricks.
HYRF.OB was the only bright spot on my watch list yesterday, rising 5%. I will continue holding this penny stock.
This looks like it might be forming a pennant here. It remains to be seen if it will head higher.
I don't know if this has allready been discussed because I did not search the whole message thread, so I apologize if someone has allreday mentioned the pennant.
HydroFlo Announces Net Income of Over $18 million for Fiscal Year 2005
Thursday October 13, 3:55 pm ET
RALEIGH, NC--(MARKET WIRE)--Oct 13, 2005 -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) today announced the filing of its 10-K with year-end financial results, which was filed with the Securities and Exchange Commission.
The Company reported a net asset increase (total assets less liabilities) to $23,067,969 as of June 30, 2005 from $2,432,344 for the same period last year. Total assets increased over ten times from June 30, 2004, and total liabilities increased from $1,781 last year to $2,154,580 this year. Net income for the fiscal year was $18,887,666, or $.52 per share on a fully diluted basis as well as a net asset value for the company of $.62 per share.
http://biz.yahoo.com/e/051013/hyrf.ob10-k.html
For additional information concerning the financial results for fiscal year 2005 please read the entire filing on form 10K, including the MD&A.
Quote from: la-onda on October 13, 2005, 03:59:24 PM
Net income for the fiscal year was $18,887,666, or $.52 per share on a fully diluted basis as well as a net asset value for the company of $.62 per share.
With the stock price of $1.1, its PE = 2.02.
Growth rate 1000%.
Fair value for this stock should be in $10-$20.
May see big pop up tomorrow.
oh yes,
bring it on!!! ;D ;D ;D
Very nice news in the very Red day :D
Thanks la-onda,
Good trades!
Quote from: shawFund on October 13, 2005, 04:07:49 PM
Quote from: la-onda on October 13, 2005, 03:59:24 PM
Net income for the fiscal year was $18,887,666, or $.52 per share on a fully diluted basis as well as a net asset value for the company of $.62 per share.
With the stock price of $1.1, its PE = 2.02.
Growth rate 1000%.
Fair value for this stock should be in $10-$20.
May see big pop up tomorrow.
I agree...Anyone else see a G-pattern?
I have 5000 shares says this is going to move up... my hesitation is the $23M asset increase is the new value for MARTI and the contract with China - :o it is purely speculation based on completion of the purchase agreement... I look for the big pop when the first order is placed and the PR released for that...
I am looking for EYII to give some signs of life and then see HYRF follow the lead... even though they are completely separate from each other. 8)
Tomorrow it seems like the day of HYRF. And funny thing is that its just a beginning. Many ppl will come to know after its start making days of high. Take the case of VPHM. How many ppl knew it was undervalued and how long it took for market to wake up. I will add to my position unless David intend to sell tomorrow.
52 cents EPS and no cash in the bank!! As a matter of fact they had negative cash flow of 500K ( and not to mention minor dilution). fundamentals say that value is enhanced only when Cash is being accumulated and some of it is invested back into product development. But markets are markets and people are people. So most probably people will be chasing the PPS up!!!
As you said we've had these news from HYRF.OB yesterday after the close: HydroFlo Announces Net Income of Over $18 million for Fiscal Year 2005 (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7BD6FBA054%2DA842%2D495D%2D9337%2DE4149007879A%7D&symb=)
This is a profit of $0.52 per share, but not so fast, this profit would only occur if they sold their companies at a value that an independent auditor thinks is the fair value of the companies that HYRF.OB owns. These are investment gains. Those investment gains may continue to grow in the future.
I started reading their 10-Q but I really don't have time to read it all before the opening bell and I still need to update other holdings of the 3 Pennies on Fire and send the newsletter.
Let's see, nothing has changed with HYRF.OB, but this press release may bring insane buying to the stock today. The technical target of the breakout we've had on the 4th of October is $1.06-$0.485 = $0.575 + $1.06 = $1.635. That would mean a 783% profit from my buying point.
I feel that's not enough for what this company is worth. Though decisions ... say, if HYRF.OB turns out to be a 10 bagger for me today because of this PR related buying, I'll take profits and re-analyze. For that HYRF.OB would need to trade at $1.85 today, a 58% rise.
Yes, maybe this is a good selling point, as the stock approaches that $2.10 price target, remember? Maybe people will be afraid of buying it when it is close to a 12 month target ...
So, without complete information and sitting on huge profits, I choose to take profits at $1.85 today if I have that chance.
Looks like sell the news, again!!
Wow scary drop I hope this comes back.
I expect we will see a lot of people buying back now its hit the ascending support, having made a killing this morning - gutted I missed the opportunity myself :P
My first buy at $0.97 (limit order) for 5K shares. I always buy at pull back and at the support of ascending trendline.
If the stock gap up and continued going up, I just gave up and forgot it.
It may drop further but with the good fundamental, not much downsite risk.
Will double it if it goes down to $0.50. Candlestick pattern says SELL .
Down on good news and profit taking.
remember that UTEK has a sizable postion and I believe(I do not know) is looking to exit.. They sold just 3 weeks ago a portion at .65 average.. The size of bids asks says to me that its a large holder of stock. Just a guess but I have a good idea how these companies sell stock with no emotion..
Madge20 there is no doubt in my mind that you have this one nailed. Applause to you. UTEK appears to be selling into this move and this, in my mind is neither good nor bad. There is really no way of knowing why these people sell when the fundamentals of these stocks are so strong. Just look at BRVO for a textbook example of this phenomenon. God knows UTEK have a tidy profit on their hands, so apparently they have decided to take some off the table. If we were in their spot, I'm sure we would probably be doing the same. All the best.
Irish
Irishman.. I just got some new info also.. HYRF has a confidentiality clause as it relates to disclosing to the public any information about their contracts.. which means that we will never know if their is a penalty to CEICC or not if they cancel their contract with Marti for any reason or reasons.. If CEICC would cancel their contract, then HYRF would be required to report any material info on a 10Q if they received any Sum of money for cancellation. This uncertainty menas that if CODE BLUE is successful the stock is considerably undervalued... but also creates insecurity possibly for some.. And dont forget we have 3 more companies in the portfolio at present that have little if anything to do with the net asset value AT THIS TIME.
Short term I have no clue altough my guess would be more of the same ..pullbacks with an upward bias.. Long term I think we have a wonderful investment!
Good luck to U2 and the rest of the longs ;) ;D
Anyone got any idea what's going on with HYRF???
Another heavy drop this morning, which broke our ascending trendline - I don't get how it could lose more than 30% from their earnings release!! It seems to be holding .93 for now, but that is not very good IMO. - OK just checked and we're up to .96, but still...
Any ideas?
Quote from: ScottishTrader on October 17, 2005, 12:20:27 PM
Anyone got any idea what's going on with HYRF???
Any ideas?
Judging from the high volume, Friday was the shakeout as traders exited their positions on the news (I mean, c'mon, the gains have been incredible!). Today there is another down day... BUT notice how the volume is drying up today. I take this as a good sign... in fact, if it were high volume I would exit today. But I believe that all is okay and these are the final traders wanting to cash out their gains after seeing that "it's down again."
It remains to be seen whether HYRF will drift down slowly on low volume and become a dull stock for a while, or if this is a shakeout of one wave of traders. My suspicion is it's the later, and that it will resume its uptrend at a more moderate pace within a month. Disclosure: I must admit I cashed out half of my position around $1.10... but I am still holding half, and I think I will hang on to it for a while!
Quote from: David Randolph on October 14, 2005, 08:00:23 AM
As you said we've had these news from HYRF.OB yesterday after the close: HydroFlo Announces Net Income of Over $18 million for Fiscal Year 2005 (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1463819&guid=%7BD6FBA054%2DA842%2D495D%2D9337%2DE4149007879A%7D&symb=)
This is a profit of $0.52 per share, but not so fast, this profit would only occur if they sold their companies at a value that an independent auditor thinks is the fair value of the companies that HYRF.OB owns. These are investment gains. Those investment gains may continue to grow in the future.
I started reading their 10-Q but I really don't have time to read it all before the opening bell and I still need to update other holdings of the 3 Pennies on Fire and send the newsletter.
Let's see, nothing has changed with HYRF.OB...
I think you nailed the answer to what is going on with the stock. HYRF issued a BS press release about earnings per share when in fact the 10-Q still shows that HYRF did not even have revenues much less earnings. What HYRF really said in the 10-Q is that life is good and we are going to say that we are worth more. That probably disheartened some investors and certainly could encourage some profit taking. Real companies with real sales do not try to play the shell game when commenting on a 10-Q, and it had me lightening my position and taking profits in a hurry.
David, your analysis here would be very much appreciated, or perhaps just a little confidence booster :-\
Friday had me worried, but I didn't sell, and today has got me really worried ( I still didn't sell - one of those, it can't go any lower, oh it just did days). I suppose my problem is that becasue of gains made in HYRF, it now represents a disproportionately large amount of my portfolio, so that despite excellent moves in some of my other stocks, todays drift in HYRF [oops - edit: wrong stock :D] totally wiped out my overall gains.
Now I know that the obvious option is to just take some profits, or alternatively close my eyes and wait for 3 months, but todays drop broke through every ascending trendline you can draw, and I see next support at .79. But yet I'm still optimistic - a fool? Perhaps... maybe I just need to calm down and not get attatched, HYRF has held me up when everything else has been going to the dogs, maybe now its just the other way round...
HYRF will never report revenues, because it is set up as a Business Development Company. From their annual report . "Effective March 4, 2004, we converted to a Business Development Company under the Investment Company Act of 1940. Upon completion of this conversion, we became an internally managed, diversified, closed-end investment company." Earnings will be based on changes in the NAV. The hydroflo subsidary will have revenues, but HYRF will not, it will always be based on its net asset value. Eventually, as the companies grow in value the NAV will grow and maybe down the road, they will spin off some the companies.
Forgive me for my ignorance. Is bigdogs99999 Dave's Randolph's username? If I am mistaken, please accept my apology.
Quote from: GodisKing on October 17, 2005, 09:22:07 PM
Forgive me for my ignorance. Is bigdogs99999 Dave's Randolph's username? If I am mistaken, please accept my apology.
No, BigDogs is a member, he is not David Randolph.
Hey scottish i found you an ascending trendline with 3 confirmed touches including todays price action :). So as long as it makes a bounce off it tomorrow the technical picture of the uptrend will still be in force. Though i wont be surprised to see this line broken. The real test is gonna be to see if the gap at .80 is to be filled or not. IMO i would be sure to get out if your still holding on a close below .80. It appears that price action is forming a rising wedge. Hopefully this is just a retest of the bottom of the wedge. But if you notice the volume pattern you can see that it has been decreasing ever since the initial breakout wich is a tell tale sign that the uptrend is running out of steam.
Good luck to everyone holding HYRF, I never bought in on this gold mine but im in on EYII. Hopefully we will see the same profits through that pick.
-fousc
I don't have to make any analysis, you guys did all the work:
bigdogs99:
QuoteI think you nailed the answer to what is going on with the stock. HYRF issued a BS press release about earnings per share when in fact the 10-Q still shows that HYRF did not even have revenues much less earnings. What HYRF really said in the 10-Q is that life is good and we are going to say that we are worth more. That probably disheartened some investors and certainly could encourage some profit taking. Real companies with real sales do not try to play the shell game when commenting on a 10-Q, and it had me lightening my position and taking profits in a hurry.
eggman11:
QuoteHYRF will never report revenues, because it is set up as a Business Development Company. From their annual report . "Effective March 4, 2004, we converted to a Business Development Company under the Investment Company Act of 1940. Upon completion of this conversion, we became an internally managed, diversified, closed-end investment company." Earnings will be based on changes in the NAV. The hydroflo subsidary will have revenues, but HYRF will not, it will always be based on its net asset value. Eventually, as the companies grow in value the NAV will grow and maybe down the road, they will spin off some the companies.
Basically I agree with your analysis. The chart reminds me of BRVO.OB after the CCE deal was released, it is an exact match. Unfortunately once again I wasn't fast enough to perceive trouble and the stock broke badly.
Since I bought it at $0.185 I still have a huge profit (could be bigger, but «could» can't exist on a speculator's mind) and I'll take it today, selling HYRF.OB.
Hi,
Do someone still holding this penny stock?
Stock is traded now over resistance level 0.79-0.8.
Maybe yesterday was a false breakdown and HYRF will return to the ride?
Do someone still think that HYRF is a "wonderful investment" for a Long term? ???
Thanks in advance for your answers
Good trades,
Gregory
I am one not only holing, also doubled my positions.
Bought at $0.94 5k, doubled at $0.74, will double again at $0.54.
The company now is worth much more than before. Its assert is worth at least $18 million.
With 38 million shares, that is 0.52 dollar per share.
This company is similiar to Buffet company a holding company which owned a lot of subs.
No reason to sell at such low price. Will hold at least one year.
I too still see some value, did not sell yesterday only have a few thousand shares though.
Not sure I would put too much of portfolio into a penny stock.
Today still might only be "dead cat bounce" tomorrow and the following days will see.
Also have 20K shares of EYII, again a small amount.
I too see a lot of potential in the product.
If I ever see any news that isn't posted I will do so. Seems like everybody beats me to the
punch with finding it before me!!! Thanks everyone for great insite, on this and other
boards. Love this site. GL to all.
Also, the 50% fibonacci retracement (sorry, no nice drawings :'() I see at $0.73
...above avg volume, the RSI upward turn, and the BWBEC would also indicate a reversal.
BWBEC = Big White Bullish Engulfing Candle
Still looks bullish to me. Comments welcome.
Wasserman Morris & Co. Issues Price Target Upgrade for HydroFlo to $2.25
Thursday October 20, 8:59 am ET
Independent Report Reiterates Speculative Buy Based on Recent Annual Report
RALEIGH, NC--(MARKET WIRE)--Oct 20, 2005 -- HydroFlo, Inc. (OTC BB:HYRF.OB - News) today announced that New York-based Wasserman Morris & Company, an independent investment research firm, increased price target to $2.25 and reiterates the speculative buy recommendation of the Company.
Wasserman Morris & Company initiated coverage with a report that upgraded the previous price target from $2.10 to $2.25. The new price target of $2.25 is based on the most recent annual report and is well above its current trading price while maintaining a "Speculative Buy." Their report is available for viewing at http://www.wassermanmorris.com.
In the latest report, Wasserman Morris & Company's analysts explained, "We raised the previous price target from $2.10 to $2.25 per share and maintained the Speculative Buy Rating of HYRF's common stock. In our opinion, HYRF is succeeding in building a portfolio of companies in the water market that will enjoy cost and revenue synergies."
Wasserman Morris & Co. is an equity research firm providing un-biased research for significantly under-followed small cap companies. Wasserman Morris & Co. distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks. HydroFlo has paid Wasserman Morris the sum of $19,500 for 12 months of coverage as detailed in the report.
Hey la-onda --- just found that news story, and you posted half hour ago. good job!!
Congrats!! on the new addition. Wish you and "Mom" the best.
Well, I don't know how many others are still following HYRF, licking our collective wounds (and boy are they big!!) I seem to have managed to buy high and sell low on every move so farr, save the first (surely its meant to be the other way round???)
Today was another unpretty day, with over a 7% loss - would have been a lot worse if it weren't for the buy in the last few minutes of the day boosting it from .71 to .75 :P
But I am hoping that tomorrow will see some upside momentum now. HYRF has hammered a bottom at .70-.71 3 times in the last 5 trading sessions, and that level HAS to be support now. The sharp descending resistance should be around .75 tomorrow, and if HYRF can break through that, it might have a bit more room to move.
The pain of it is that in the long term (bar serious mismanagement) this has got to go much much higher. But I don't think Wasserman's blatant re-iteration in face of the huge dump has satisfied investors, who probably see them as paid (well they are, and HYRF have repeatedly made that point) pumpers.
While EYII have admitted that due to "Chinese holidays" the first order has been postponed into November, hopefully we will see some positive news and movement in the short term. Still holding and looking for brighter days.
Yes, Scottish.. I'm still following HYRF and hoping for the same thing you do.
Not even thinking about some big profit but rather to get back my investment cause I just cannot stand taking losses anymore :(
I don't own HYRF but closely watching it ( I do have a position in EYII). Ther has been some recent bad news regarding EYII's financing deal and issuance of new stock. (look in the 1million $ project EYII thread). I'm wondering if this development is hurting HYRF as well.
HYRF is dependant on EYII to sell and market the product. EYII has the exclusive right to sell the Code Blues. The fact that EYII is a Multi Level Marketer (usually a red flag) hurts HYRF's potential becasue MLM have been known to be snake oil pedlers who sell garbage. The fact that a large Chinese distributor was even interested in a MLM product is surprising. This could be testament to the high quality of the product (or not, if the Chinese reject the deal). Now that it has come to light that there could be real demand for the Code Blues, EYII is inhibiting HYRF's growth. I've never seen any ground breadking products that are sold through MLM.
EYII's relative small size and finaicial woes also limits the amount of marketing it can do for the Code Blues. I mean considering the potential of Code Blues, they can be sold at every Home Depot or WalMart i n the country (a super Brita). JMO. I'm not a basher especially since I own EYII (and I respect 3SOF as a forum for info rather than pumps and bashes).
Bought back in today at .71 cents... Playing the bounce off the 50dma and the stock is
%200+ off its price target of $2.25. Stock has dropped on declining volume the last few days. I see an opportunity here...
We shall see!!!!!
Aitech.. I think you pegged HYRF down here.. good risk/reward.. If we break .70 if needs to snap back quickly above .70 to jump stsrt IMHO.. I am still aboard from the .20's..
Just went through 50 day MA. I don't like this.. 38% down for me..
I'm in the same boat as you Aitech61. Bought back today at .70 hoping it was the low as on 10/18 and 10/25.
Not looking good here at .60.
Hope by tomorrow we're singing what a difference a day makes.
HAHA! I did the same exact thing thinking it would be "good for a trade" and then....timber.
Hope it's just a shake out.
Quote from: David Randolph on October 18, 2005, 07:32:22 AM
I don't have to make any analysis, you guys did all the work:
bigdogs99:
QuoteI think you nailed the answer to what is going on with the stock. HYRF issued a BS press release about earnings per share when in fact the 10-Q still shows that HYRF did not even have revenues much less earnings. What HYRF really said in the 10-Q is that life is good and we are going to say that we are worth more. That probably disheartened some investors and certainly could encourage some profit taking. Real companies with real sales do not try to play the shell game when commenting on a 10-Q, and it had me lightening my position and taking profits in a hurry.
eggman11:
QuoteHYRF will never report revenues, because it is set up as a Business Development Company. From their annual report . "Effective March 4, 2004, we converted to a Business Development Company under the Investment Company Act of 1940. Upon completion of this conversion, we became an internally managed, diversified, closed-end investment company." Earnings will be based on changes in the NAV. The hydroflo subsidary will have revenues, but HYRF will not, it will always be based on its net asset value. Eventually, as the companies grow in value the NAV will grow and maybe down the road, they will spin off some the companies.
Basically I agree with your analysis. The chart reminds me of BRVO.OB after the CCE deal was released, it is an exact match. Unfortunately once again I wasn't fast enough to perceive trouble and the stock broke badly.
Since I bought it at $0.185 I still have a huge profit (could be bigger, but «could» can't exist on a speculator's mind) and I'll take it today, selling HYRF.OB.
David, Any thoughts about a new entry point for HYRF to get back in?
I will not touch any BDC company as they can hide any thing that they want to!!!!!
I'll post this here as I see it hasn't been put on this board yet. All I can say is get out as fast as you can tomorrow. HYRF has been weak the last several trading days and this is going to kill it - Stock holders will be running for the hills :-[
I wouldn't be surprised to see it back in the .20s tomorrow.
Hydroflo Corrects and Supplements Prior Releases and Reports
Wednesday October 26, 5:33 pm ET
RALEIGH, NC--(MARKET WIRE)--Oct 26, 2005 -- In certain prior press releases and analyst reports, the terms and conditions of an agreement between Hydroflo, Inc. (OTC BB:HYRF.OB - News) portfolio company Metal & Arsenic Removal Technology, Inc. ("MARTI") and Essentially Yours Industries, Inc. ("EYI") were inaccurately or incompletely reported. Hydroflo issues this press release to provide accurate and more complete information about that agreement and certain other matters.
ADVERTISEMENT
Effective May 11, 2005, MARTI entered into a reseller agreement with EYI. Pursuant to this agreement, MARTI is to manufacture and supply to EYI certain products, including specially marked Code Blue(TM) pitchers and specially formulated Code Blue(TM) filters. EYI is the exclusive distributor, and MARTI is the exclusive supplier, for these specially marked or formulated products.
EYI initially planned to sell the products in the United States and Canada, and EYI projected that it would order 72,000 pitchers and 468,000 filters during the period from July 2005 to June 2006. EYI has since indicated that on September 23, 2005, its affiliate Essentially Yours Industries (Hong Kong) Limited ("EYI HK") entered into an agreement with Guangzhou Zhongdian Enterprises (Group) Co. Ltd. ("GZE") and China Electronics Import and Export South China Corporation ("CEIEC"). According to EYI, this agreement projects that CEIEC will order $210 million of Code Blue(TM) product from EYI HK during the two-year period 2006-2007.
MARTI is not a party to that agreement, and the projections in that agreement are projections of revenue to EYI HK, not to MARTI.
Neither the EYI HK-GZE-CEIEC agreement nor MARTI's own agreement with EYI require the purchase of a particular quantity or dollar amount of Code Blue(TM) products. Furthermore, MARTI provides the Code Blue(TM) product to EYI on a consignment basis, meaning that MARTI is not entitled to payment for the product until EYI actually sells it to EYI's customers.
Under the terms of its agreement with EYI, MARTI is obligated only to maintain a minimum inventory of 1,000 units of each Code Blue(TM) item. To date, EYI has requested the production of 10,000 pitchers and 16,800 filters, MARTI has shipped 3,078 pitchers and 3,078 filters to EYI, and MARTI has been paid $15,000 for units sold by EYI.
More specific corrections follow:
July 18, 2005 Press Release
Hydroflo's July 18, 2005 press release indicated that Hydroflo portfolio company Advanced Water Recycle, Inc. ("AWRI") had received a request from a coastal region of North Carolina "to start treatment of 70 million gallons of water per day for the next 10 years." AWRI has discussed options for the treatment of such water volumes with various governmental officials and expressed interest in providing its goods and services for that purpose, but AWRI has not received any requests to provide those services.
August 3, 2005 Press Release
Hydroflo's August 3, 2005 press release indicated that MARTI had amended an agreement with EYI to include additional water filtration systems. This press release also discussed an "order" by EYI and stated that "[t]he total retail value of this order exceeds $7.5 million."
MARTI's agreement with EYI was not amended at that time. As noted above, MARTI's agreement with EYI was and remains a consignment agreement whereby EYI pays MARTI only for those items actually purchased by EYI's customers. EYI is not required to purchase a particular quantity or dollar volume of MARTI's products, and it has not purchased $7.5 million of MARTI's products.
August 4, 2005 Press Release
Hydroflo's August 4, 2005 press release discussed a "$1.2 million order received on May 18." As noted above, MARTI's agreement with EYI is a consignment agreement whereby EYI pays MARTI only for those items actually purchased by EYI's customers. EYI is not required to purchase a particular quantity or dollar volume of MARTI's products, and as of this date it has not purchased $1.2 million of MARTI's product.
August 15, 2005 and August 18, 2005 Press Releases
Hydroflo's August 15, 2005 press release indicated that MARTI had amended an agreement with EYI "to meet the demand received from recent transactions in China. The total value of the order is expected to exceed $210 million." Its August 18, 2005 press release also made reference to this "agreement amendment." While EYI did inform MARTI prior to this date that it expected to order substantially more of the Code Blue(TM) product than previously expected as a result of potential sales by EYI into the Chinese market and that such sales might have a value to EYI of as much as $210 million, EYI did not and has not placed an order with MARTI for any particular quantity or dollar volume of products, and neither GZE nor CEIEC is required to order any particular quantity or dollar volume of product from EYI HK. EYI has only requested that MARTI supply on consignment and per the parties' agreement the number of units described earlier in this press release. As explained previously, the figure cited in the press release is a projection of revenue to EYI HK arising out of its own agreement with Chinese companies GZE and CEIEC, not a projection by MARTI of its own expected revenues from the arrangement.
September 6, 2005 Press Release
Hydroflo's September 6, 2005 press release contains a quotation from MARTI's COO, George Moore, that makes reference to "a projection of over $210 million worth of product sales." As noted above, the projection in question is EYI's projection of the retail value to EYI HK of EYI HK's Code Blue(TM) sales into the Chinese market.
September 7, 2005 Press Release
In its September 7, 2005 press release, Hydroflo indicated that MARTI's initial daily goal for the production of pitchers and filters in China would be 8,000 pitchers and 25,000 filters and projected that the facility would produce over 2 million pitchers and 6 million filters per year. This facility will produce only those pitchers and filters reasonably necessary to satisfy the demands of MARTI's customers. At present, the only such demand has been EYI's request for the production of the quantities of pitchers and filters mentioned earlier in this press release.
September 12 and 16, 2005 Press Releases
Hydroflo's September 12, 2005 and September 16, 2005 press releases concerned Hydroflo's response to Hurricane Katrina. To the extent these releases state or imply that Hydroflo's portfolio companies had actually reached agreements with any entities to supply consulting services, they are inaccurate. Certain of those companies have simply offered such services.
September 20, 2005 Press Release (Corrected October 7, 2005)
Hydroflo's September 20, 2005 press release captioned "First Shipment of Filtering Systems leaves for Hurricane Katrina Survivors" (corrected October 7, 2005) incorrectly continues to indicate in its caption that the water pitcher and filtration units mentioned in the release had been shipped and that further shipments to FEMA and DOD would be made at a later time. In fact, as indicated in the text of the release, those goods had not yet been shipped. They were scheduled to ship on October 15, 2005, but the shipment has been delayed, and they have not been shipped as of the date of this release. In addition, the article incorrectly indicates that the pitchers and filters were to be shipped to DOD and FEMA, when in fact they were to be shipped to Judge Nicki Boland.
September 27, 2005 Press Release (Corrected October 6, 2005)
Hydroflo's September 27, 2005 press release (corrected October 6, 2005) refers to a "Guaranteed 2 Year $42 Million Agreement With Chinese Distribution Company" and states that MARTI would produce and supply this quantity of pitchers and filters to EYI. In fact, these revenue projections are projections of revenue to EYI HK arising out of the agreement, not projections of revenue to MARTI. CEIEC (the Chinese distribution company) is not required to purchase any particular quantity of product from EYI, and EYI is not required to purchase a particular quantity or dollar volume of MARTI's products.
September 28, 2005 Press Release (Corrected October 6, 2005)
Hydroflo's September 28, 2005 press release (corrected October 6, 2005) incorrectly indicates that Hydroflo values the EYI HK-GZE-CEIEC contract at $210,000,000 over the next two years. As noted above, MARTI's agreement with EYI is a consignment agreement whereby EYI pays MARTI only for those items actually purchased by EYI's customers. EYI is not required to purchase a particular quantity or dollar volume of MARTI's products. As explained previously, the figure cited in the press release is a projection of revenue to EYI HK arising out of its own agreement with Chinese companies GZE and CEIEC, not a projection by MARTI of its own expected revenues from the arrangement.
September 30, 2005 Press Release
Hydroflo's September 30, 2005 press release inaccurately states the reason for Hydroflo's decision to seek additional time to file its Form 10-K and inaccurately suggests, in a quotation from its CEO, Dennis Mast, that Hydroflo values a portion of the MARTI-EYI business at $42 million or at over $210 million over the next two years.
Hydroflo's 10-K filing was delayed because Hydroflo's accountants requested that its Board of Directors seek an independent valuation, the Board of Directors did so, and the valuation was not completed in time for the 10-K to incorporate it and still be filed by the original deadline.
As noted above, the $42 million and $210 million figures reflect EYI's estimate of the retail value to EYI of orders of the Code Blue(TM) pitcher in the Chinese market. MARTI's agreement with EYI is a consignment agreement whereby EYI pays MARTI only for those items actually purchased by EYI's customers. EYI is not required to purchase a particular quantity or dollar volume of MARTI's products. The projections in the article relate to EYI's expectations for its own sales, not MARTI's expected revenues from the arrangement.
10/3/2005 Wasserman Morris Report
The October 3, 2005 report on Hydroflo, Inc. issued by Wasserman Morris contained a number of inaccurate or incomplete statements about the company. In particular:
The report refers to a "recently signed agreement with ... China Electronics Import and South China Export Corporation." To the extent the report could be read to suggest that Hydroflo has a recently signed agreement with this company, it is in error. Neither Hydroflo nor any of its portfolio companies have an agreement with China Electronics Import and South China Export Corporation. MARTI reseller EYI has reported such an agreement with a similarly named company.
The report also indicates that the reported agreement "is likely to provide [Hydroflo] with roughly $210 million in revenues for the next two years from the sale of water filters and pitchers in the Chinese Market." While MARTI's agreement with EYI could provide MARTI with significant revenue ultimately derived from EYI's sale of water filters and pitchers to the Chinese company, neither MARTI's agreement with EYI nor EYI's agreement with CEIEC guarantees the purchase of particular quantities or dollar volumes. The $210 million projection in the Wasserman Morris report is the amount that EYI reports as CEIEC's projected purchase from EYI during the stated period.
The report indicates that MARTI's collaboration with EYI "could also bring [Hydroflo] up to $7.5 million in revenues from the sale of water filters, pitchers and FATS units in the U.S. and Canada markets during the next twelve months." While MARTI's agreement with EYI could provide MARTI with significant revenue ultimately derived from EYI's sale of water pitchers and filters in the United States and Canadian markets, EYI is not currently selling the FATS unit, and the 12-month, $7.5 million revenue projection contained in the Wasserman Morris report is EYI's projection of its own revenues for a stated period (not the next twelve months), not a projection of MARTI's likely revenues.
The report also states that Hydroflo is "actively involved in the restoration of basic sanitary living conditions in the hurricane-ravaged regions of Mississippi, Alabama, and Louisiana." To date, Hydroflo's involvement in such activities has been limited to MARTI's donation of 5,000 water pitcher and filter units for use in affected areas, for which Hydroflo's chairman has informally agreed to reimburse the company, and to offers to provide consulting services to governmental organizations.
The report also states that Hydroflo's management "expects to secure a portion of the $100 billion that are being made available for disaster relief." Hydroflo has no present basis to expect to secure a portion of this money, although Hydroflo's portfolio companies are seeking contracts to provide their products and services for that purpose.
Finally, the report states that the company "moved its corporate offices to North Carolina." The offices simply moved within the state to a larger space.
Hydroflo's 10-K Filing
Hydroflo's 10-K reported that the company's board members receive no compensation. In fact, board member Shane Traveller receives $1,500/month and board member Ross Smith receives $500/month.
Hydroflo's 10-K has a typographical error in the section describing the company's ethics policy. The company's ethics policy can be found at http://www.hydroflo.us/Content%20Pages/OFFICIAL%20CODE%20OF%20ETHICS.pdf.
Hydroflo's 10-K reported that the company had received a second subpoena from the SEC regarding a nonpublic fact-finding inquiry into the activities of other entities not managed by Hydroflo, Inc. In fact, Hydroflo, its CEO Dennis Mast, and MARTI COO George Moore have received and complied with subpoenas in connection with a formal investigation that includes inquiries into the accuracy of Hydroflo's press releases and public filings.
Contact:
Contact:
HydroFlo, Inc.
Investor Relations
Rebecca Morgan
919-772-9925
Email Contact
Source: Hydroflo, Inc.
To summarise, whoever has been doing their PR has embellished, not been duly clear and has probably been fired by now. HYRF's CEO and COO have been subpoenaed by the SEC over this, and it is pretty clear that a lot of what many investors have been taking as given in NOT TRUE.
Now I think in reality, we here already knew most of this, that MARTI would not get all of the $210m, that the contract was with EYI, and not with HYRF, and so they were not bound or guaranteed in any way to supply these filters. And quite possibly, the deal will still go ahead, which if it does means that EYI will be buying the filters from MARTI, and HYRF stands to make a significant portion of this sum. In the long term, it could still be a very good speculative play.
However, the extent and scale of corrections in this piece is just out of control - that basically every single news item they have put out in the last 3 months has been erroneous in some way or another. Additionally, it is quite evident that Wasserman's report, which HYRF have paid for, was based on erroneous information and essentially wild speculation. Don't get me wrong, they may be right, but there is no way a value of $2.25 will be seen now or in the near future. If anything will scare the living bejeesus out of investors, a news piece like this is it, and it totally kills any confidence in the transparency of future reporting as well.
As a holder who bought back in after the run-up and subsequent drop off (at it's recent high I might add), I now know why David says "once you sell a big winning stock, turn your back on it and don't look back" - perhaps I thought it was just a technical correction, perhaps I was convinced fundamentally we'd be back up above $1 before long, but the reality is that the market knows best, and gave us the signals to get out several times this week, which I ignored, because I was *sure* it would bounce back.
I will be selling at the open, market order, and I just hope I'll have enough left over to buy myself a bottle of whiskey.
Good luck all.
Nice post Scottish (although BAD news for sure). I am sure your summize about the PR people embellishing for effect is very true. I hope you can get out without too much damage.
Conversley enough, I am wondering whether this will have a positive effect on the EYII stock as it is confirmation that EYII has the contract with the Chinese (not that that was unknown before, but it just reminds everyone).
Do you think this news will have any impact on EYII pps tomorrow come, either negative or positive? this can be very interesting for EYII share holder.
Unfortunately, I believe it will be just as bad for EYII, imo.
What a stinker.
I'm just copying what I posted on Elite's board:
Just took a 75% loss on HYRF - biggest ever so far.
Very bitter right now. I don't know what regulations apply to OTC and PK but shit like this has to be punished. They tricked a lot of people into buying on false info.. it's a pure scam.
I'm a trader and I'm not going to sit and cry now but dust my self off and go on. I bought the same amount of GLIF as I had in HYRF so hopefully GLIF will make up for HYRF.
Hard lesson but trading OTC and PK you just have to be ready for this..
Well I sold out at the open, got a price of .255, which is just terrible. I only had half my original holding, but still, I think all in all I have lost a significant amount of money on HYRF. Unbelievable considering I rode it up from a purchase of .21 :P
However, right now it looks like there is an awful lot of bottom fishing going on, and possibly I sold too soon. The reality as I mentioned is that there is still the very real prospect of MART receiving big orders from EYI in the next 2 years, and this could be the opportunity to buy back i at bargain prices. Can you imagine for people who sold out above 1.00 to buy back in now looks quite attractive.
But I am burnt and done with this one for now. We'll see what's going on once the dust settles.
Scottish, we did the same thing... I also sold at market open and got 0.255. My average was $1.02.
Taking about "significant amount of money" I just lost $7200.
Even though people are overreacting and there's a possibility that HYRF will recover to some more normal levels I'm so pissed at the management that I'll never look back at this company in this lifetime.. Arrrggghhh...
This is truly awful. I don't own HYRF but do hold EYII. This PR has hit EYII hard as well. (really bad that EYII doesn't rise with HYRF but does drop with it ???)
This PR practically is saying that HYRF are scam artists. And they sell on consignment ?? This brings other questions to mind... Why would a huge Chinese distributor even be interested in a porduct that is sold on consignment through MLM? Has these companies simply overhyped mild interest by the Chinese firm. (CEEIC probably scours the world for products of interest and buys testers. How many of these deals actually materialize though?)
The PR says that HYRF has to maintain only 1000 code blue units. Plus EYII only pays for those they sell. This is not a very lucrative agreement. Especially since EYII has exclusive right to sell the Code Blues. In effect, they entered into an agreement with EYII that says EYII can buy as many COde Blues as they need (or none at all) and HYRF can sell to noone else. Why would HYRF enter into such a poor agreeement? I can oly guess that they must not have much confidence in the marketability of Code Blues. The more I think about it, the more the CODE Blues sound like snake oil.
I would welcome any info from anyone here who has had any personal experience with these Code Blues (or other water filtration systems and understand the tech behind the Code Blues). Thanks.
Well the heavy buying (almost as heavy as the selling) should have given an indication of where this was going, but too late for me. I'm not sure if anyone else decided this might be a good time to get into HYRF, but if they did, they'd be sitting on a 50% profit right now!!!
That just makes me MAD >:D >:D >:D
But it could also be daytraders playing it, who may dump hard later today, so watch it. I'm not playing any more.
Just at a huge loss :'( :'( :'( :'( :'( :'( :'( :'(
Can't believe companies can do this. I'm just going to wait and see for now. Refuse to believe nothing will come out all of this! And for those last couple of bugs I might as well sit it out >:(.
Amarens
Does anyone knows what is the impact of this on EYII? Is it positive or negative?
TIA
Scottish, should we say we got out too early?
Well.. never mind now. The loss is taken.
I know, now I'm sitting here watching it pushing .40 >:D
Well such is life, my feeling is that this will probably pull back quite a bit before they day is through.
I'm not about to go and stick what little I have left back in - man this really is like gambling sometimes - exactly the same feelings/urges that you've gotta fight.
If you really want to gamle then you can consider towards the end of the day to short it if you think it will pull back. That's exactly my feeling as well but that's a pure speculation and anything can happen.
Some are saying that EYII dumped the 58 million shares while knowing the PR's from HYRF and EYII were incorrect. This could come back to bite them. Millions of dollars were generated knowing the public was being deceived. They even lied to me saying NO shares were sold and the share count remained the same.
I was on the EliteG thread and noticed the drama from stockmind's post over there.
Law suits are to follow. You guys could have a chance to recover some of the losses.
I know what some of you people are going through. Scamsters(not just HYRF's management) like these should be put in jail for good. >:( >:( >:(
As I said on Elite's thread, I don't know what regulations apply to pink sheets and OTC stocks but somebody has to be responsible for this. I mean, those guys lied all this time.
This should be a lawsuit and people that lost money should get something back.
If nothing happens then the law just doesn't work. One thing is when you loose money by investing in a troubled company but investing in a company with "great" fundamentals which is all lies and scam.. well, that's why we have courts and jails..
Not sure how that works but please keep me posted. I lost two-month salary here. It's a big deal to me!
Quote from: OneStockMind on October 27, 2005, 07:39:04 PM
As I said on Elite's thread, I don't know what regulations apply to pink sheets and OTC stocks but somebody has to be responsible for this. I mean, those guys lied all this time.
This should be a lawsuit and people that lost money should get something back.
If nothing happens then the law just doesn't work. One thing is when you loose money by investing in a troubled company but investing in a company with "great" fundamentals which is all lies and scam.. well, that's why we have courts and jails..
Not sure how that works but please keep me posted. I lost two-month salary here. It's a big deal to me!
Stockmind, I am pretty sure there will be lawsuits filed against these criminals. IF this is not fraud then what is?!
Here are a list of law firms with experties in this field you could contact if you didn't see any action against these scamsters.
http://www.glancylaw.com/
http://www.whesq.com/
http://www.murrayfrank.com/CM/Custom/TOCFirmOverview.asp
http://www.abbeygardy.com/
http://www.federmanlaw.com/
Those of you who lost substantial money should contact these guys and try to get what you lost plus some intrest ;)
Remember these law firms would love to hear from you ;D
Thanks Market (applaud).
I think everybody who lost substential amount of money should join together and sue them.
Scottish, you read?
Hmmmmm -
I know that I have read reports of the Chinese executing crooked executives.
Sometimes accountability is refreshing.
I wonder if they sold the usefull body parts to reimburse the victims of their fraud.
Waste not - want not - - - that is what Granny always sayes
No point is wasting usefull parts.
The crooked brain is probably worthless but other parts may still be valuable.
I would not even feed their brains to the chickens - they would probably lay rotten eggs.
Of course they should get a fair trial - like the fair treatment they gave stockholders.
Disclaimer = I just polished off a 40 ozer at babes pub.
QuoteStockmind, I am pretty sure there will be lawsuits filed against these criminals. IF this is not fraud then what is?!
Here are a list of law firms with experties in this field you could contact if you didn't see any action against these scamsters.
http://www.glancylaw.com/
http://www.whesq.com/
http://www.murrayfrank.com/CM/Custom/TOCFirmOverview.asp
http://www.abbeygardy.com/
http://www.federmanlaw.com/
Those of you who lost substantial money should contact these guys and try to get what you lost plus some intrest ;)
Remember these law firms would love to hear from you ;D
Thanks again market. I thought about it right away but you reinforced my thoughts.
I just wonder how do I find out if somebody else starts the whole thing and how do I join?
How long does it take on average that somebody starts the process after the fact?
I hoped I'll never be in one of these but here I am.. If there's any remedy I'm not letting it go because I'm really pissed at these people.
Out of curiousity I send Glancylaw an email. I'll keep you updated.
Amarens
Quote from: OneStockMind on October 28, 2005, 01:14:08 AM
Thanks again market. I thought about it right away but you reinforced my thoughts.
I just wonder how do I find out if somebody else starts the whole thing and how do I join?
How long does it take on average that somebody starts the process after the fact?
I hoped I'll never be in one of these but here I am.. If there's any remedy I'm not letting it go because I'm really pissed at these people.
Why dont you be the first one to initiate it. Give some of these firms a call and see what they have to say? I bet they will be glad to hear from you.
PS: Dont just email them. Give them a call on phone. Dont be affraid. These guys do this type of thing for living.
Onestockmind,
This is the respons I got from glancy:
Dear Amarens:
Your email sent today to
[email protected] concerning the
above-referenced Company was forwarded to my attention. Thank you for
your inquiry.
This firm generally does not prosecute cases involving so-called "penny
stocks." HydroFlo's current share price is approximately $0.34 per
share, and for the greater part of the past 18 months the Company's
shares have traded below $1.00.
Please consult with other counsel, who may be willing undertake such a case.
Regards,
Dale MacDiarmid
--
________________________________________________
Dale MacDiarmid
Glancy Binkow & Goldberg LLP
1801 Avenue of the Stars, Suite 311
Los Angeles, CA 90067
Voice: 310-201-9150
Fax: 310-201-9160
[email protected] www.glancylaw.com
________________________________________________
MarketMarkez do you know if any of the firms you mentioned does do penny stocks?
Amarens
Quote from: Amarens on October 31, 2005, 08:10:16 AM
MarketMarkez do you know if any of the firms you mentioned does do penny stocks?
i thought these guys would do it! Try sending the email you sent to glancy to all other firms( copy and paste ;D). If not start searching in google!
I hope someone stand up for you guys. And I hope you guys succeed in bringing down these crooks!
Yes, that's exactly what I thought. These law firms dream about huge corporation scandals and they all want WorldCom and Enron... As soon as they hear about OTC and PK stocks < $5 they pretty much react like that. There must be somebody who would take on small caps as well.
Otherwise we can all do the same thing - issue a bunch of BS PRs, get money and then say "Well.. we were lying all this time and we are very sorry. Good luck next time".
Keep up Amarens. I'll be following your posts and let me know if you need anything.
Don't give up just yet. There's another resource for this kind of thing:
http://www.endfraud.com
Since you probably have something already put together would you please paste it there too.
Thank you very much.
I noticed your conversation about taking legal action against HYRF.
I don't know what your losses amount to but if it is under $3000 (or thereabouts in NY State), you can file a small actions suit without an attorney. This would be a good way to test the waters as to the company's willingness to settle right away. Companies getting sued by their shareholder's for BS PR's is very bad press, especially for a company who is awaiting a big deal in China.
Good luck. I'm still holding EYYI with my fingers crossed.
Amarens,
any news from anybody on HYRF yet?
Hey all,
I just wanted to put this out there - I have a sneaking suspicion that HYRF is about to start making a rebound, and Monday may be the tester...
This last 2 weeks has been pretty awful - Personally I lost 75% of my investment on HYRF when it dropped (fortunately when I figured it all out, I realised that in total I was up overall for trades on HYRF, but it still hurt :'()
The news that came out that caused this precipitous fall was outrageous, as we know, that essentially HYRF had been overstating their position, pretty much "pumping" their stock in all their news statements over the last 3 months. This was not good, and causes serious issues about trust in the company, as (potential) shareholders.
However, while the news was bad, it wasn't quite as bad as would be thought on first reaction - most of what they stated, we already knew. Sure the fact that they will only provide consignment orders to EYII on an "as needed" basis isn't great - there are no assured contracts for HYRF, however, once the orders start coming in to EYII, they are going to go through to HYRF. So, provided that the CIEC deal still goes ahead, potential revenues for HYRF from it over the next 2 years should still be at least 100m. Right now, this is the problem - there is little confidence in HYRF or EYII as to the truthfulness of their statements and the certainty of this business, but this is only percieved - there is nothing explicit to suggest that the deal is a bust.
So, on to the technicals, if we have a look at a 15min chart since the gap down, it shows a very clear descending triangle formation. Now I sold at the open that day, which in hindsight was not the best of ideas, as HYRF got a very solid bounce off a low of .21 - In fact during that morning the buy volume was as large as the total sell volume. A lot of day traders made some very good profits that day on our misfortune. Since then we have seen the pps step it's way down the descending triangle until it printed a low of .21 on Thursday afternoon, the exact low of the gap down day. In addition to this, volume has been steadily decreasing, and it looks like sell volume is drying up - pretty much everyone who wanted to sell out after the bad news has done so, and most of the daytraders too (except perhaps those that bought Thurs/Fri, but still the volume was very low).
Now the 2 descending trendlines on the chart have slightly different slopes - the higher one connects high peaks since the gap down, the low one closely follows 15 min open/close levels, and appears to be quite reliable. The important point to note is that in the last 2 days, BOTH OF THESE TRENDLINES HAVE BEEN BROKEN. The steeper one immediately after the low print of .21 on Thursday, th shallower one on friday afternoon, and both with strong upward moves.
In addition to this, if you look at the chart for the last 4 days, you can also se that the MACD as measured on the 15min chart (different to the MACD calculated on a daily chart) crossed over the 0 line on Friday afternoon - also the signal line for the Bollinger bands, which have been contracting, has made a bottom.
All of these factors suggest to me that come Monday, HYRF may see some upward movement. At the moment I am not willing to suggest that this is the reversal point - we could still see lowwer lows, but for anyone interested in making a short term position trade, Monday could provide this. (Don't forget that a move from .25 to .30, which it could easily do, is a 20% return!).
All in all, I still think that HYRF could provide major profit making potential - I don't know if we will see a run quite like last time, but I ouldn't be surprised by something similar happening again. The real question for buying back in to HYRF now is where do you see the low point, and are you willing to speculate on this company again. To me, the low is .20-.21, I don't think it will go below here. Anyone else's opinions would be much appreciated, as I try to figure out whether I feel like playing with fire a second time....
I'll leave this one with a few charts, good trading all ;)
the Scotsman
The fear is a lawsuit arriving for misleading on 18 press releases.
And where does HYRF (BDC) get financing to operate the companies under the portfolio ?
EYII nor HYRF have stated that the China deal remains intact. So buying here is too much of a risk for me. It is pure gambling. Because 25 cents to 0 would certainly hurt. So TA would be thrown out with a lawsuit and/or the SEC concluding more evidence.
I agree, if you want to speculate the deal is intact, a buy can bring a nice profit.
But many that bought are looking to get out on any pop.
And those that have been burned may not return to help with a push.
Just an opinion.
I agree, if you want to speculate the deal is intact, a buy can bring a nice profit.
But many that bought are looking to get out on any pop.
And those that have been burned may not return to help with a push.
Just an opinion.
Quote
agreed ,
too many good plays out there to think about getting in on this one again. with so many if's better to keep an eye on it from the sidelines, jmho........
maxi
Well, I had a sneaking suspicion over the weekend and should have stuck with my intuition on this as setting up for a move - HYRF gained 24% today!! Was even higher up today, peaking at .34, a 36% gain!
But I slept in this morning and didn't want to buy it at .28, silly me. Oh well, will be keeping an eye out for another move tomorrow or possible pullback. HYRF is definitely still very tradeable, that's for sure, and with moves like that, something may be afoot again....
yeah Scot, excellent intuition. Unfortunately my EYII does not rise in sympathy. It dropped along with HYRF but does not gain with it. Reminds of the designated wipping boys princes used to have. :D
I feel sorry for EYII and me. :(
HYRF dropped like a rock...
I still can't find any info on a HYRF lawsuit. I emailed and called a whole bunch of law firms but nobody's willing to work on an OTC stock.
I'm sure there must be SOMEBODY who will do SOMETHING about this scam/pump.
I lost 75% on HYRF drop (as well as Scottish) and I'm not glad about it. They lied and that's the fact. If they get away with this without a lawsuit then I really don't understand why we even have laws in trading. I guess Intel can say that they have an agreement for the next 20 years to be the biggest hardware supplier for the whole world and their stock price can be upgraded to $700 and then drop to $6 without any penalty.
Does anybody here have any idea where can you complain?
From: "Rebecca Morgan" <
[email protected]> [Add to Address Book] [View Source]
Subject: Official Resignation
Date: Fri, 11 Nov 2005 16:53:42 +0000
Dear Friends and Colleagues,
Today will by my last day of employment at HydroFlo, Inc. I submitted my resignation yesterday, which will begin officially December 2.
My maternity leave begins this afternoon, after which,
I will begin a new position with another organization upon the advent of New Year. If you have any questions regarding the business of the company, please forward them to management at
[email protected].
It has been a pleasure working with you, and may you have continued success in all future endeavors.
Warmest Regards,
Rebecca Morgan
Quote from: OneStockMind on November 09, 2005, 01:49:38 AM
I still can't find any info on a HYRF lawsuit. I emailed and called a whole bunch of law firms but nobody's willing to work on an OTC stock.
I'm sure there must be SOMEBODY who will do SOMETHING about this scam/pump.
I lost 75% on HYRF drop (as well as Scottish) and I'm not glad about it. They lied and that's the fact. If they get away with this without a lawsuit then I really don't understand why we even have laws in trading. I guess Intel can say that they have an agreement for the next 20 years to be the biggest hardware supplier for the whole world and their stock price can be upgraded to $700 and then drop to $6 without any penalty.
Does anybody here have any idea where can you complain?
75% lost :o well, that is pain in the A.. ain't it? ...you should have put a stop loss, or a stop limit order my friend ;)
If the China deal remains intact, it may be the time to take another look at HYRF & EYII.
Adding some of both here knowing the risk involved.
Hi Jeff,
We received a shipment today for our US and Canadian customers. Product has already been shipped to China.
Thanks
Jennifer
--------------------------------------------------------------------------------------------------------------------------
Jennifer,
Are you referring to product outside of the 6 units that were delivered ? Or a new shipment to China ?
Will any press be released on the domestic shipment ?
How many came ?
Domestic is good, but we need China news to move forward.
Jennifer Trevitt
Paralegal/Investor Relations Administrator
Essentially Yours Industries, Inc.*
7865 Edmonds Street
Burnaby, BC V3N 1B9
(Phone) 604-759-5031
(Fax) 604-759-5044
* a subsidiary of EYI Industries Inc., a publicly traded company under the symbol EYII.OB
---------------------------------------------------------------------------------------------------------------------------
Jeff, watch for news this week with an update on CEIEC. The units that were sent previously to China were samples.
Thanks
Jennifer
Jennifer Trevitt
Paralegal/Investor Relations Administrator
Essentially Yours Industries, Inc.*
7865 Edmonds Street
Burnaby, BC V3N 1B9
(Phone) 604-759-5031
(Fax) 604-759-5044
* a subsidiary of EYI Industries Inc., a publicly traded company under the symbol EYII.OB
EYI Hong Kong Management Meet with CEIEC Top Executives
Burnaby, British Columbia CANADA, November 17, 2005 - EYI Industries Inc. (EYII - OTCBB), (''EYI'') (http://www.StopDrinkingPoison.com ), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that Essentially Yours Industries (Hong Kong) (''EYI HK''), President and CEO, Dori O'Neill, and a senior EYI Consultant met with top executives of Guangzhou CEIEC Enterprise (Group) Co. Ltd. (''CEIEC'').
On Saturday November 12, 2005, Mr. Dori O'Neill and a senior EYI Consultant, met with 5 CEIEC senior executives including Mr. Zhang Jiang, President and CEO, Mr. Yu, Executive Vice President and Mr. He Bing Gui, Vice General Manager. The purpose of their meeting was to further discuss the marketing strategy for the Code Blue(tm) portable water filtration system in order to ensure successful penetration into the Asian market. CEIEC is currently proceeding with the Code Blue dual trade mark registration and ensuring that all products meet the requirements for sales in China.
Over the next 5-6 weeks, a senior EYI Consultant will be traveling throughout Southern China to assist in educating the staff and regional managers of CEIEC on the features and benefits of Code Blue(tm).
EYI has also hired C&E Translation & Advertising Inc. to translate www.codebluewater.com into Mandarin and Cantonese. EYI is currently preparing to launch the translated Code Blue(tm) website which will then be linked to CEIEC's website.
Essentially Yours Industries (Hong Kong) President and CEO, Dori O'Neill stated, ''We are truly honored that CEIEC has given us permission to link directly to the CEIEC website. We are the first vendor to have been afforded such an honor. We are very pleased with the progress that we have made to date with CEIEC and are looking forward to a successful partnership.''
I'm not sure what to make of this latest PR.
It states that EYII is discussing marketing strategies with CEIEC. This seems to imply that CEIEC has finished testing the Code Blues and are satisfied with them. I emailed EYII IR about this and will post their answer.
I don't understand why CEIEC would sign such an extensive contract with EYII prior to having testing the Code Blues. The PR about the sample Code Blues said
"On Wednesday October 19, 2005, Mr. Dori O'Neill personally delivered six units of the Code Blue(tm) water filtration system to CEIEC for review and testing."
This seems to imply this is the first time CEIEC will have an actual Code Blue in possession. Or, are the samples meant to meet some technical Chinese trade requriement? Does anyone have this info?
I understand that everybody is bitter when losing money but my HYRF experience tells me that a retail trader is completely unprotected from stock manipulation in OTC world.
So... HYRF management pumped every deal in their PRs and one day they say "Well... actually that deal wasn't really that big... neither was this one or this one.." and the stock plummets 50% next morning!
I sent an email/called a whole bunch of law firms and nobody wants to take action on a "penny" stock (for all of them it means < $5).
So the moral of the story is - be careful with OTC stocks but even if something happens out of your control... well, be ready to lose all of your money invested.
I still cannot believe it happens every day and nobody can do anything about it? What will stop them or anybody else in the future to lie about every single deal!? They can keep issuing false/pumped PRs and make money on people that believe in them..
Unbelivable..
P.S. Terlisa, I use Ameritrade and they don't allow stop orders on OTC stocks.
Heck:
I got lucky and got out on the right side of the HYRF scam - - - but -- there have plenty of scams where the scammers took me bad - NT - CHTR - AXYX - others too - - -
Clem and Effie and me was a talken and we jest might find some chicken wire and cement blocks and see if them tinhorn scumdogs will float.
We don't like thieves or revenuers (big thieves)
Quote from: OneStockMind on November 22, 2005, 06:25:59 PM
I understand that everybody is bitter when losing money but my HYRF experience tells me that a retail trader is completely unprotected from stock manipulation in OTC world.
So... HYRF management pumped every deal in their PRs and one day they say "Well... actually that deal wasn't really that big... neither was this one or this one.." and the stock plummets 50% next morning!
I sent an email/called a whole bunch of law firms and nobody wants to take action on a "penny" stock (for all of them it means < $5).
So the moral of the story is - be careful with OTC stocks but even if something happens out of your control... well, be ready to lose all of your money invested.
I still cannot believe it happens every day and nobody can do anything about it? What will stop them or anybody else in the future to lie about every single deal!? They can keep issuing false/pumped PRs and make money on people that believe in them..
Unbelivable..
P.S. Terlisa, I use Ameritrade and they don't allow stop orders on OTC stocks.
fyi:
Investor Notice: The Rosen Law Firm Files Securities Class Action on Behalf of HydroFlo, Inc. Shareholders -- HYRF.OB
Wednesday November 23, 8:30 pm ET
NEW YORK, NY--(MARKET WIRE)--Nov 23, 2005 -- The Rosen Law Firm P.A. has filed a class action lawsuit on behalf of all investors who purchased common stock of HydroFlo, Inc. (the "Company" or "HydroFlo") (OTC BB:HYRF.OB - News) during the period from July 18, 2005 through October 26, 2005, inclusive (the "Class Period"). The Rosen Law Firm has been retained to recover investors' stock losses from HydroFlo and certain of its officers and directors for alleged violations of the federal securities laws.
To join the HydroFlo securities litigation as a plaintiff or for further information, please call Laurence Rosen, Esq. toll-free at 866-767-3653 or email
[email protected].
You may join the class action online at http://www.rosenlegal.com
Thank you la-onda :) (Applaud). I'm going to enlist. Want to stay updated about how something like that works.
I'll keep everybody updated here.
Amarens
I'm gonna get on that one too - lost over $3000 - so worth trying to get something back. We'll see what happens, but someone has got to be held accountable for this. Will be interestging to see how it pans out... ???
Here is the link to the document detailing the class action suit if anyone is interested in reading further
http://www.rosenlegal.com/cases/35/HydriFlowComplaint.pdf
Yes!
Very good la-onda. Applaud.
I was getting really frustrated with a whole bunch of law firms that didn't have any interest in this case since it's a "penny" company.
I lost a lot - around 7k and this is definitely something I'm looking for. I just feel much better knowing that HYRF management will face some penalties for all the lies they put out and financial damage they caused to a lot of investors.
Update: Joined the class action and hoping for at least some recovery.
Suffer HYRF!! >:( >:(
Anybody know what is up with HYRF ??? ??? ??? No price information on
http://www.otcbb.com/asp/quote_module.asp?qm_page=13756&qm_symbol=HYRF
nor
http://www.tradingday.com/tbs.html?http://quotes.barchart.com/quote.asp?sym=HYRF&code=BTDY
Appreciate some input.
Amarens
please try HYRFE
Thank you for the info. I just joined the class action.
I don't care whether or not I can get the momey back. But the management team must be punished by their cheating. I am glad to see the Law Firm taking quick actions.
HYRF.OB and EYII.OB are the two biggest losses for me this year. Without those two losses, my portfolio return will be over 80% by now.
Hi friends,
I'm not an expert in the suits. I tried to read documents in the http://www.rosenlegal.com, but it's not my field :-[
Can anybody say me, how much I'll pay If I'll join the class action and we will win the suit?
And how much I'll pay if we will fail in a suit? ???
Thanks in advance,
Gregory
What are the Costs and Expenses for me?
Costs and Expenses of the lawsuit are usually advanced by the law firms prosecuting on behalf of the Class. Our firm works on a contingent fee basis. That means we will ask the court to grant us reimbursement of our out-of-pocket expenses and attorneys' fees -- usually a percentage of the total recovery -- only if we are successful.
So in other words - they get paid only if they win the case and if not they don't get anything nor you have to pay. That's the reason why a lot of these law firms I contacted didn't want to accept the case since they are not sure they can win.
Thank you OneStockMind for the lucid explanation,
I'll join the class action today.
Good luck for all of us.
Does anyone know why HYRF's ticker was changed to HYRFE?
Not quite sure what this means, but it (and the lawsuit) certainly seemed to have had an effect on the pps, breaking the previous lows of .205-.21. EYII is also hitting new lows below .025.
All confidence seems to be lost in both of them :-[
I think the E was added because of being late on an SEC filing, thats in the back of my brain somewhere. I hope someone can confirm.
Quote from: ScottishTrader on November 30, 2005, 01:32:21 PM
Does anyone know why HYRF's ticker was changed to HYRFE?
Not quite sure what this means, but it (and the lawsuit) certainly seemed to have had an effect on the pps, breaking the previous lows of .205-.21. EYII is also hitting new lows below .025.
All confidence seems to be lost in both of them :-[
Hi JKN,
You are quite right:
http://search2.cc.dcn.yahoo.com/cct_search.php?brand=yahoo&ui_mode=answer&prior_transaction_id=401285&action_code=5&highlight_info=16796582,334,339&turl=http%3A%2F%2Fbiz.yahoo.com%2Ff%2Fg%2Fee.html&answer_id=14567168#__highlight
"Fifth letter of a Nasdaq stock symbol specifying that an issue has not met the reporting date for the company's SEC regulatory filing requirements"
Warning Issued to Past and Current Shareholders of HydroFlo, Inc. by the Rosen Law Firm P.A.
Thursday December 1, 10:53 am ET
NEW YORK, NY--(MARKET WIRE)--Dec 1, 2005 -- On November 22, 2005, the Rosen Law Firm P.A. filed a complaint on behalf of all those who purchased the common stock of HydroFlo, Inc. (OTC BB:HYRFE.OB - News) during the period from July 18, 2005 through October 26, 2005, inclusive ("Class Period"). The complaint alleges that HydroFlo and certain of its officers and directors violated federal securities laws by issuing material misrepresentations to the market and is the result of a lengthy investigation by the Rosen Law Firm.
Since the Rosen Law Firm filed this class action complaint, the law firm of Dyer & Shuman and others have issued press releases announcing the HydroFlo class action and encouraging shareholders to consider their legal options. Be advised that no other law firms have filed a complaint on behalf of investors against HydroFlo. In some cases, these other law firms are posting the complaint drafted by The Rosen Law Firm on their websites. These press releases issued by law firms who have not actually filed any complaint appear to be advertisements designed to solicit clients.
If you purchased the common stock of HydroFlo, Inc. during the class period, and wish to serve as lead plaintiff, you must move the Court no later than 60 days from November 23, 2005.
If you are a member of this class, you can view a copy of the complaint or join this class action online at http://www.rosenlegal.com.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim of the Rosen Law Firm toll free at 866-767-3653 or via e-mail at
[email protected].
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
Contact:
Contact:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
Email Contact
http://www.rosenlegal.com
Well it looks like HYRF may be due a bounce :o
I know I know what most are saying, and that it has been the same with EYII too, but technically, HYRF bottomed today on a long term ascending support line, which has been validated already just recently. As you can see on the long term chart, this line goes way back, and the long term chart also shows what a rocky road hYRF hass had in its time.
Despite everything and being burned etc. I'm still long here, having bought a small position a couple of weeks ago when it hit what I htought was support. My plan for noww is to hold it "just in case", but technically, I would like to see a bit more activity. The delisting really seemed to kill all the volume, and there seems to be a news black hole for now. But maybe just maybe, it will react on technicals for a little move up. I see resistance at .18, .20, .22, .24. lets see if it will get through any of them or just sit on the floor here and do nothing....
I know, unbelievable.
And then you read the actual resignation letter. It's just awful. No idea if Hydroflo will ever come back from this one... :-[
Mr. Dennis Mast
HydroFlo, Inc.
2501 Reliance Avenue
Apex, North Carolina 27539
Reference: Employment Termination Letter
Dear Dennis:
This letter serves as an official notification of my decision to step down as CEO of HydroFlo, Inc. Following are my primary reasons: 1) Your decision to breech my Employment Agreement at the substitute annual shareholder's meeting June 29, 2006. At that meeting you used your majority stake in HydroFlo stock to control the election results and vote against the Board of Director's proposals for restructuring the organization, directly usurping my directives as CEO, and in conflict with SEC sanctions against you. 2) Your continual attempts at getting "upbeat" information to the public, strictly to maintain share price, when, if fact, there was no good news. This includes the attempt to do a reverse merger into Shine Holdings, which would artificially increase the stock price, so that you could raise additional capital, in direct conflict with SEC sanctions. Additionally, I have discovered that four CFO's submitted their resignations to HydroFlo within the previous year, which was never submitted to the SEC under Form 8K, as required by law. If I had been able to uncover this information before April, I likely would not have taken the HydroFlo CEO position; thereby, eliminating the irreparable personal harm suffered by my family. 3) Your unwillingness to provide adequate funding for HydroFlo's operations, a critical element in convincing me to accept the CEO position.
Dennis, as you know, HydroFlo's current ratio is upside down, and you did not fund payroll in June. This situation simply is untenable. This company is bankrupt, but without a reorganization plan. My opinion is that Chapter 11 is the only scenario whereby corporate survival is possible, so that the company might maintain its only assets: its technologies and licenses. As you know, raising capital is next to impossible as long as we have the real and contingent liabilities associated with the shareholder suits related to the false statements made by you and George in 2005 and this year, and the SEC sanctions against you and the company.
Dennis, you induced me into coming to HydroFlo by multiple misrepresentations and misleading and false statements, and I am unwilling to serve HydroFlo stakeholders any longer, if you expect me to be your "yes" man; or if I am expected to be accountable to one shareholder who continually exhibits a reckless disregard for the laws and regulations governing public companies.
-2-
In closing, I just reviewed my handwritten notes for our personal meetings over the past three months. I am dismayed at the numerous times you made commitments to me regarding substantive issues about your responsibilities to me and the company, which, now is apparent that you never intended to honor. Your falsehoods have come at an extreme cost to me and my family, and I am embarrassed that I was taken by your misrepresentations and lack of integrity. I can only assure you that I will seek whatever legal remedies I have in order to attempt to obtain some semblance of equity.
Neal Hill
- - - - -
The endless black hole of Hydroflo.... Would you believe this was over $1.00 a year ago??? Man what a stinker!!!
But it may have a bit of life left at these levels for some of you penny players.... 50%+ move today on well above average volume. Do we still have a pulse???