Friday, May 28, 2010
Attention To All Of You Stealing My Hard Work - Stop Doing It
It is pretty simple. If you copy my hard work, my research, my blog posts, just give a reference. It does not take much effort to give credit where credit is due. For those of you who are copying my work and not giving credit, I want you to know I have notified Google. They will remove all their advertising from your site. I have notified Yahoo or whatever ad agency you utilize. You will have zero advertising revenue, which is what you deserve for being a thief.
Anyone who takes my work and posts it as if its their own will be dealt with. You have been warned.
Stocks That Are Going To Run Next Week - THRA, BTDG, SSWC, CPHG
THRA I expect this stock to see $.005 or better early in the week and a close of $.01 short term. This stock has started to bounce nicely off its bottom and is tarting to develop some positive momentum.
BTDG the Guru sees $.05 and better for this stock. I wouldn't be surprised if it hit $.10 at some point next week.
SSWC I think this stock will hit and break recent highs. The company issued an 8-k on Thursday, this was the first company activity in almost two years. The reverse merger the Guru was speculating about a few months back looks to be coming to fruition. At this stage anything under $.001 can be considered a steal.
CPHG this bottom play is starting to heat up. I think it can see $.01 at some point this year. The stock trades like there aren't too many shares in circulation.
VCTY - A Visual Example of Why We Trade Reverse Mergers
I recall a comment to one of my watch lists a few weeks back. The anonymous poster asked something to the tune of "What's with all these mergers?" He had a point. Many of my picks, alerts, and watchlist stocks involve mergers of some sort. Why? Because these mergers can pay off handsomely.
I'll give you one recent example of a merger paying off in a big way.
When I spotted some recent changes with VCTY in early February I made it my stock pick for my subscribers. Here is some of what I wrote:
The next stock pick is VCTY.
Bid $.0007 Ask $.0008 Last $.0008
With merger news this stock could see much higher levels considering the authorized share count is only 105 million per the Secratary of State. The play is that at some point this year Marc Pintar and Mina Mar group will get this shell active in the market with press releases as they did with EEGI, GOIG, HTDS, RMDM , and SKGO. You guys have all seen how those have run and the amount of money that went into them. This could very well happen with VCTY and at $.0008 this is a great chance to get in before the crowd. With any type of merger news or press VCTY will trade well over $.005 and possibly over $.01. Remember EEGI had a very similar share structure before the news started flowing on that one.
Today VCTY closed at $.0335. If you had purchased $800 worth of VCTY at my pick price it would be worth $33,500 as of today's close. How is that for a return on investment? I would think most penny stock traders would be happy pulling that type of return over the course of a year, not with one trade. Which is the point I am trying to make, reverse mergers are the most lucrative investments in the sub-penny stock market. When I say reverse merger, I am talking about potential 1,000%+ gains. This is the result of a dead, shell stock getting value put into it.
With my picks, alerts, blog posts, I am always on the look out for the most lucrative, money producing stocks out there. If happens to be a reverse merger play, you know it has the potential at running several hundred to several thousand percent. VCTY has been a 3,000% call thus far and the stock still looks to be running. After all is said and done VCTY could turn out to be a 10,000% call. That is the best part about these stocks.... you never know just how high they will go.
SSWC - The Merger News We've Been Waiting For Is Right Around The Corner
On Thursday SSWC issued it's first material event in over 2 years. Some of you readers may recall my speculation about SSWC and it being the logical target for a reverse merger. It looks like I am going to be right, as SSWC issued an 8-k notifying investors of a change of management, all but setting up the stock for the reverse merger the Guru had the foresight to envision months ago.
While it seems the investing public ignored this 8-k on Thursday, they will be thinking twice over the coming days and weeks. These reverse mergers are the most lucrative stocks in the sub-penny market.
What are we looking at if news of an SSWC reverse merger hits the wires? Just look at its IVOI brethren, each rallied well over 1,000%. That would put SSWC at $.004 or better, that's from today's closing price of $.0004 a share.
What could we be looking at coming into this shell? Our new CEO has hundreds of patents under his belt, and an obvious entrepreneurial spirit. One that will likely bring much greater value to SSWC and its shareholders.
Here is a link to just some of his patents: http://www.patentstorm.us/attorney-patents/Glynn__Esq___Kenneth_P_/554/1.html
For a triple zero stock SSWC, in my view, offers the best chance at posting some serious gains down the road. Thursday's 8-k is the start of good things for this stock.
The 8-k was a giant step in the right direction and I don't think this stock will be trading under $.001 for much longer.
THRA - Starting an Uptrend That Will Bring This Stock Big Gains In the Weeks Ahead
At this precise time last year THRA was a $.40 stock. It has taken a full year for this stock to slowly grind its way down to the low $.00's, with nary a rebound or rally. I think now is the time to step in and ride what will be an impressive and deliberate rebound in share price.
For one this stock has recently shown its broken its downward channel. Today it broke through its 50 day moving average, something technical geeks will view as a bullish signal. The 200 day moving average sits at $.0433, which goes to show you just how far this stock has fallen. It's quite obvious THRA has over shot to the down side and there is more value to these shares then meets the eye.
Just recently THRA submitted filings to Pink Sheets which contain some promising news for THRA investors. In the first filing titled Management Discussion and Analysis for Quarter 1 2010, the Company expects that revenue from the sale of Nutraceutical products, Digital Thermal Imaging and Chiropractic sales, will add to its revenue stream. This is big news as the company will now be showing a sizable chunk of revenue growth in the quarters ahead.
In the quarterly report filed just last week the company shows a float of 124,675,285. That is a small number for a stock trading as low as THRA and bodes well for anyone buying shares. The other outstnading shares are restricted and likely won't be available for trade in at least a year. The market makers will have to be careful shorting this stock. With so few shares in the market place the stock will have an easier time heading higher when the buying comes.
The bottom line regarding the filings is that this company is growing via acquisitions and the share structure is small enough to accommodate a serious rise in price per share when investors catch on to the company growth theory.
I know I've talked about this before, but some of you may recall GOIG a stock that had fallen over 90%. I called the bottom for that stock at $.0004 and it went on a rally from that price to over $.06 a share. A $400 investment in GOIG at the time could be sold for over $60,000 later on.
My point is that these stocks reach a bottom and explode to the upside, not only to settle seriously oversold conditions, but because the stock price was unjustly taken down. THRA fits both of those statements. This was a stock trading over $.40 a share and with an almost similar share count the stock is at $.0028. While I don't think THRA is heading to $.40 anytime soon, I don't see it staying this low much longer.
Couple the recent company activity, with the bargain basement price of the stock and you have the ingredients for a substantial rally over the next few weeks and months. Remember most of these big rallies can take time to develop. I think THRA will be one of those stocks people will be wishing they bought when it was still under a penny.
With continued company transparency and revenue growth THRA will be talked about in 2010 and beyond.
SNRS - Now Caveat Emptor - BUYER BEWARE
And the plot thickens. Pink Sheets has downgraded this stock to its worse status, Caveat Emptor. What does this mean? Here it is right from the Pink Sheet website:
Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked on otcmarkets.com.
Do any of you really think ANYONE is going to buy this company? At this stage I think people are going to be running for the exits. Like I said yesterday, this supposed buyer will be able to buy all the shares he wants at $.0001 soon enough.
Sunrise Consulting Group, Inc. Acknowledges Status Change on Pink Sheets Marketwire "Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 05/28/10 -- Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that the company is aware of the status change from "Limited Information" to "Caveat Emptor" on Pink Sheets and the company is in the process of compiling all required documents.
ABOUT SUNRISE CONSULTING GROUP, INC.
Sunrise Consulting Group's mission is to get involved in the Solar Industry in the fastest and most productive and profitable way possible.
For more information email info@sunriseconsultinggroup.net or go to the website www.sunriseconsultinggroup.net
This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of Sunrise Consulting Group, Inc. , and it is not a substitute for any proxy statement or other filings that may be made with the Securities and Exchange Commission ("SEC") should this proposed transaction go forward. If such documents are filed with the SEC , investors will be urged to thoroughly review and consider them because they will contain important information, including risk factors. Any such documents, once filed, will be available free of charge at the SEC's website (www.sec.gov) and from Sunrise Consulting Group, Inc.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc. , which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. 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" provision of the Private Securities Litigation Reform Act of 1995.
This press release includes forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties, including the inability to satisfy the conditions to any proposed transaction, general economic conditions, and other factors that may be identified in filings made with the SEC .
Contact: Sunrise Consulting Group, Inc. Email Contact www.sunriseconsultinggroup.net
Thursday, May 27, 2010
Friday Stocks To Watch - CPHG, RNWF, BTDG, FRGY
RNWF everyone likes seeing their stock go straight up everyday. While feasible, having a small down day mixed in with the up days creates a healthy run for a stock, while a short term burst higher ultimately ends with a very hard landing. The longs have been rewarded before with this stock and they will be rewarded again.
BTDG this undiscovered gem closed at $.024 on Thursday. I think this is just the start of an impressive run. With only 12 million shares in the float and buying pressure will move this stock much, much higher. I am putting a short term $.10 target on this stock.
FRGY received some nice buying today. If this keeps up this stock will be at $.002 before the weekend. Let's see what happens on Friday.
BTDG - An Undiscovered Gem
What BTDG has done in reorganizing the company is nothing short of amazing. For one they exchanged close to a million dollars in debt for 144 restricted stock. Then they acquired Castle Creek Silver, Inc for more restricted stock. This falls in line with their plan to acquire silver properties. Silver, much like gold, has seen its price rocket higher amid the devaluation of world wide currencies. This is an ideal path for the company to take, and the fact they are doing it without becoming indebted is pure genius. Also existing shareholders have no worry of dilution for at least a year, as these restricted shares can not be sold generally for one year, which gets us to another great aspect of this stock, the share structure.
The float is 12,219,020. You can tell by the recent volume and price action that this float number is indeed true. It literally takes a few hundred thousand shares to move this stock. What does that mean? It means once investors flock to this stock, as I think they will, BTDG will hit $.10 and beyond.
BTDG has positioned itself in the right field at the right time. It has a low share count and an experienced management team. It has no debt and has purchased revenue producing assets utilizing restricted stock.
I think this stock deserves watching in 2010 and could see a swift 400% gain from today's $.024 close.
MESA, Ariz., May 27, 2010 (BUSINESS WIRE) -- B2Digital (Pink Sheets: BTDG) ("B2Digital" or "the Company") is pleased to update its shareholders with recent corporate developments and a confident new plan. Since earlier this year, the Company has been ambitiously developing a new business strategy to optimize the company's opportunities, resources and expertise in an effort to benefit from current market conditions in both the technology and natural resource industries. As a result, the Company has retained experienced personnel in the mining industry, developed strategic alliances, evaluated several investment opportunities in silver mining, and initiated discussions for potential funding, all which have resulted in a reinvigorated plan. The elements of B2Digital's new business strategy, generally, are described as follows:
Phase 1 -- Reduce existing debt associated with the current technology business while shutting down unprofitable endeavors. In the best interest of the Company, the Board of Directors of B2Digital voted to retire $800,000.00 of Debt, to include incurred interest. On March 22, 2010, the Board of Directors approved a Limited Assignment Agreement for the purchase of 100% of a Promissory Note dated April 16, 2004. To retire this debt the Company has agreed to issue 800,000,000 shares of B2Digital common stock restricted under Rule 144.
The Company has elected to close its subsidiary Hotel Movie Network, process any new business in this sector through the main company, and is evaluating whether to proceed with a modified Letter of Intent with Mob Candy Media. B2Digital as a technology development and media company continues to maintain its installed network in conjunction with a joint venture partner, Coast Communications, an Arizona company with several franchised coverage areas covering potentially 42,000 homes, for the provision of rural internet services, subject to funding.
Phase 2 -- Acquisition of silver properties that have production potential or favorable exploration prospects. On March 18, 2010, the Board of Directors of B2Digital approved the Share Exchange Agreement with Castle Creek Silver, Inc. B2Digital will exchange 1,800,000,000 shares of B2Digital common stock restricted under Rule 144 for 6,000,000 common shares of Capital stock of Castle Creek Silver, Corp. representing 100% of the issued and outstanding shares. BTDG will assume no debt or liabilities. New leases for mining properties are currently being negotiated and assumed by BTDG through its wholly owned subsidiary Castle Creek Silver, Corp. Additionally, the Company is presently performing due diligence of properties for potential acquisition. The Company has identified opportunities by focusing on projects it believes have exploration or production potential. B2Digital expects to complete its assessment, and make an announcement regarding its participation of these properties as appropriate.
About B2Digital
B2Digital is a technology development company with interests in various media sectors involving the use of B2Digital's technology development experience, which is dedicated to shareholder value through the acquisition and development of promising 21st century businesses, within the technology sector and outside of the technology sector.
About Castle Creek Silver
Castle Creek's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources exhibiting potential for expansion. Castle Creek Silver is primarily focused on pursuing early and advanced stage silver-based opportunities in North America, South America, and Mexico.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SNRS - Company Not Satisfied with $42 million offer now wants $60 Million for its default company
This is following right along the lines of Dumb and Dumber. They want $60 million for a default, $250,000 asset, no revenue producing company, $42 million wasn't enough. It was dumb to think anyone believed yesterdays press release, but to come out with a figure today that is almost double yesterday's makes the people behind this scam look dumber. Anyone that isn't laughing at the pure lunacy of this press release, and yesterday's needs to get their head examined.
Some of you might wonder why the price of the stock is down today? I don't, I think investors are starting to get a little smarter.
I expect this stock to be at $.0001 in short order. The anonymous buyer will be able to buy all the billions of shares he wants at that price, why bother getting them at $.003 or $.005.
Sunrise Consulting Group, Inc. Responds to Letter of Intent/Offer to Purchase of Its Outstanding Shares Marketwire "Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 05/27/10 -- Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that in response to the "Letter of Intent - Offer to Purchase" received on May 25, 2010 the company's management is recommending a counter offer of .005 and it will communicate with its shareholders upon receipt of acceptance of the counter offer from buyer. The shareholders will be kept informed of negotiations as they progress.
ABOUT SUNRISE CONSULTING GROUP, INC.
Sunrise Consulting Group's mission is to get involved in the Solar Industry in the fastest and most productive and profitable way possible.
For more information email info@sunriseconsultinggroup.net or go to the website www.sunriseconsultinggroup.net
This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of Sunrise Consulting Group, Inc. , and it is not a substitute for any proxy statement or other filings that may be made with the Securities and Exchange Commission ("SEC") should this proposed transaction go forward. If such documents are filed with the SEC , investors will be urged to thoroughly review and consider them because they will contain important information, including risk factors. Any such documents, once filed, will be available free of charge at the SEC's website (www.sec.gov) and from Sunrise Consulting Group, Inc.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc. , which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. 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" provision of the Private Securities Litigation Reform Act of 1995.
This press release includes forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties, including the inability to satisfy the conditions to any proposed transaction, general economic conditions, and other factors that may be identified in filings made with the SEC .
Contact: Email Contact www.sunriseconsultinggroup.net
Wednesday, May 26, 2010
Thursday's Stocks To Watch - RNWF, SCLL, IDCN, ENTI, NWTT
SCLL is setting up for a big run. I think the current price range is an attractive entry for the impending 300-500% run that lies ahead.
IDCN continues to consolidate at the $.0008 - $.001 level and looks like it might be ready for its run to $.0019 and beyond. I am not losing my faith in this stock.
ENTI I think this stock will see a nice rebound to $.006 and possibly $.007 short term. From there its anyone's guess.
NWTT this stock offers a great risk/reward opportunity. I think buying down here will result in an easy 2-3x return down the road.
KATX - Inching Closer to $.30
RNWF - Higher Highs ,Higher Lows
SNRS - Supposed Buyer Willing To Pay $42 million for default company with $250k in assets and ZERO revenues
What's worse SNRS is DEFAULT. They haven't paid their bills to the Secretary of State. You would think they'd have that in order if they were a legitimate operating company? Think again.
It gets better. The total buyout for this dead beat stock is $42 million dollars! The financial report for SNRS dated April 16th stated the company had $250k in assets and NO revenue. That's like someone walking up to your house and offering to buy it from you for $42 million dollars and you telling them you need to think about it, you will have a decision by June 1st. Funny thing is your house is a better deal because at least you've been paying your bills, and you don't have a pile of preferred and outstanding shares cluttering the living space.
Wait it gets even better, the company indicated that the offer may not represent a potential full fair market value for said shares, and will therefore consider, and expect other counter-offers. So they think they may find more idiots willing to spend more than $42 million for something that isn't even worth $250,000. They even expect it. I can't help but laugh at the pure lunacy.
There is nothing wrong with playing this news, as there will be a firm bunch of believers buying into this hype. But be sure not to be holding this when the music stops.
Sunrise Consulting Group, Inc. Receives Offer of .003 for Outstanding Shares Marketwire "Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 05/26/10 -- Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that the company was offered the sum of .003 per share for all outstanding shares. The management of the company indicated that the offer may not represent a potential full fair market value for said shares, and will therefore consider, and expect other counter-offers. The company may request a counter offer and plans to make a final decision on whether to accept the offer by June 1, 2010 . Sunrise shareholders can expect a public announcement on the company's decision at that time.
ABOUT SUNRISE CONSULTING GROUP, INC.
Sunrise Consulting Group's mission is to get involved in the Solar Industry in the fastest and most productive and profitable way possible.
For more information email info@sunriseconsultinggroup.net or go to the website www.sunriseconsultinggroup.net.
This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of Sunrise Consulting Group, Inc. , and it is not a substitute for any proxy statement or other filings that may be made with the Securities and Exchange Commission ("SEC") should this proposed transaction go forward. If such documents are filed with the SEC , investors will be urged to thoroughly review and consider them because they will contain important information, including risk factors. Any such documents, once filed, will be available free of charge at the SEC's website (www.sec.gov) and from Sunrise Consulting Group, Inc.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc. , which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. 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" provision of the Private Securities Litigation Reform Act of 1995.
This press release includes forward-looking statements within the meaning of the federal securities laws that are subject to risks and uncertainties, including the inability to satisfy the conditions to any proposed transaction, general economic conditions, and other factors that may be identified in filings made with the SEC .
Contact: Sunrise Consulting Group, Inc. Email Contact www.sunriseconsultinggroup.net
Tuesday, May 25, 2010
Wednesday Stocks To Watch - SCLL, RNWF, KATX, TCLIF
RNWF it looks like $.01 will come quicker than I initially expected. Look for some intense buying pressure at the open on Wednesday and some decent follow through into weeks end.
KATX I think we see $.30 before the week is out. I have been bullish on this stock since $.05 and 400%+ later I still like it for more gains.
TCLIF is, in my view, a forgotten lotto stock. It won't take much volume to move it a few hundred percent. I think buying at $.0001/$.0002 will prove to be a great move longer term.
RNWF - The Guru, Once Again, Has Been Spot On
Check out this chart I posted on the blog not two weeks ago:
Now check out the RNWF chart since:
That is the great thing about charts, they don't lie. While anonymous, envious, posters can come blasting my blog posts in a slanderous fashion, I can back my posts with a chart. RNWF has been another very successful call by this blog, and while I don't like tooting my horn much, I think it is important to put people in their place.
More often than not I am right. In this murky world of penny stocks it isn't easy finding winning stocks on a consistent basis. I have been producing these for some time now. Maybe having a group of haters means I have hit the big time?
I still hold my target of $.01 and beyond for RNWF. If today's action is any indication, RNWF may hit $.01 by Wednesday morning. The buying volume was that intense.
RNWF remains a stock to watch in 2010.
Monday, May 24, 2010
Tuesday's Stocks To Watch - RNWF, SCLL, NWTT, IDCN
SCLL this stock currently trading at $.0004 looks like a great bottom play. With big news coming via publication in scientific journals, this stock will get some legs in 2010. This was a $.002 stock less than two months ago. I think it sees that number and beyond down the road.
NWTT I still think this stock is a great buy at $.0002-$.0003. This stock will surprise many of you and I think $.001 will be the price it sees before the summer hits.
IDCN today was a one step back type of day after taking two steps forward. Tomorrow should be another step forward. Rome was not built in a day and our journey to $.0019 and beyond will take some time. But the reward will be worth the patience.
SCLL - This Stock Is Poised For A Big Run Off Its Recent Bottom
Penny stock traders are always on the look-out for a stock that has fallen so far that it is well over due for a bounce. These type of stocks almost always rebound sharply posting 100's of % worth of gains. One such stock soared 200%+ after hitting a bottom yesterday, BANI. It seems no matter how out of favor a stock is, at some point investors come back knowing that these bottom plays can be highly lucrative.
SCLL just hit its all time low and looks to be starting what I think will be an impressive run off its bottom. This stock has fallen in a slow steady decline from $.01 down to $.0003 today with nary a bounce. I think that bounce is coming and it will be impressive to behold.
SCLL is not a shell stock. The company issued positive news a few months back and has kept investors informed of their current progress.
Just look at what this $.0004 stock has going for it:
You are looking at getting in a stock that will have its work posted in scientific journals this year. This will amount to tremendous exposure for the company and the stock. Talk about getting in before the crowd. In my view this isn't your run of the mill triple zero stock. This one has actual staying power and I expect the stock to hold its gains from the upcoming bounce in advance of the scientific paper releases. SCLL is going to get a lot more attention though out the year, and the stock will benefit from this.
SCLL is currently trading right near its 52 week lows . It should post gains of several hundred percent from here as investors begin to take notice of the inherent value, and the potential positive exposure that lies ahead. I am setting a short term target of $.002, which is a price seen less than two months ago. A break of that price target would put much more loftier goals in sight, but I will save that for another day.
Friday, May 21, 2010
Stocks To Research This Weekend - RNWF, ETLS, NWTT, SPAL, CPHG, IDCN, KATX
ETLS continues to consolidate in the $.002 - $.0035 range while market makers try and shake long term investors out of their positions. This is another stock that will see $.01 or better in the coming weeks. AT today's close you are looking at a potential 400% return.
NWTT this stock is ready for a big move from its $.0002/$.0003 range. I am looking for $.0005-$.0007 short term with this stock. I don't think it will disspoint me.
SPAL with the low share count, this stock should be valued in the pennies just as a shell. The stock has just been reinstated and a new name has been issued meaning this shell is getting some value back into it. That makes this a $.05-$.10 stock just on the merger with the new company. It could even head higher if this news hits the wires.
CPHG fought back to close even on an erratic trading session. I see this stock heading back to the $.01-$.02 price it was at recently before it fell on light volume.
IDCN had a decent day and closed at $.0011 up 11%. I expect these returns to continue well into next week. We could be seeing my short term target of $.0019 before mid-week,
KATX was up 20% today and has me really gung ho about $.30 and beyond. You really have to like the way this stock has been trading.
RNWF - Getting Close to A Major Move
Thursday, May 20, 2010
Friday Stocks To Watch - IDCN, CPHG, RNWF, SPAL, TCLIF
CPHG closed in the green as sellers have left this issue. I see $.005 as the next target, and that point should be reached before the week ends. I see $.01 coming in the short term. This stock has yet to fully rebound and $.02 is the main target. Funny think is 85% of today;s volume was short, and over 70% of yesterdays volume was short. Could CPHG be listed on the REG SHO list soon? Or will market makers gain their senses and cover the phantom shares they sold? To be continued....
RNWF is now officially on the REG SHO list. This means market makers are indeed selling phantom shares of RNWF stock to investors. They now have to buy these same shares back on the open market. Idiots. Too bad they will be buying them back at a much higher price. No one ever said these market makers were smart, they are just greedy.
SPAL this reverse merger play looks poised to break higher. With the merger news we've been waiting for this is a $.05-$.10 stock.
TCLIF the Guru's lotto play at $.0001. I think this stock will see $.0004/$.0005 at some point. Buying at $.0001 could pay off handsomely
IDCN - It's Bounce Time
While I do not foresee IDCN trading at $.06 a share in the near future, I do see it posting a sizable bounce. One that should take it to $.0019 and beyond. I mention $.0019 because I think that price point will offer some resistance on the way up. A break of $.0019 would bring $.0025 into focus.
Today IDCN closed at $.0009 a share with market makers bidding at $.0008 and willing to sell shares at $.0009. This should change quickly and I think a quick move to $.0015 is order. From there $.0019 and $.0025. Why do I feel so strongly about a bounce?
For one the volume on the downside from $.003 has been relatively light, compared to its ascent to $.003. This alone means there is more upside to come. Just look at KATX, a stock I have been high on all year. As the volume decreased the stock has risen. I view this as shareholders buying and holding for higher prices. I see the same thing with IDCN. Shareholders are accumulating, holding, and waiting for this stock to post big gains. I don't think they will be disappointed.
IDCN released some impressive news just a few days ago. I think this stock is heading higher short term. Add it to your watchlist if its not already there.
PALMA DE MALLORCA, Spain, May 17, 2010 /PRNewswire via COMTEX/ -- The Boards of Directors of Indocan Resources, Inc. (OTC:
These claims cover the area of the Old Thistle, Heather Bell, Golden Snake, Von Brandis, Queen of Sheba and Pentland mines. The property lies at a mean height of 765 metres above sea level, close to the Komati River.
Bele Mines has substantial infrastructure including a number of shafts and 300 m of underground development and is the most advanced of the projects in the area. The main shaft was sunk to a depth of 50 meters and reef development has taken place on a mineralized shear zone.
Mid-Atlantic Capital advises public companies on funding activities and helps companies become public and get early stage funding. Indocan Resources is working closely with all parties related to this gold mining prospect and will have a carried interest and a slice of the NSR when completed.
Mapping and sampling carried out by previous investigators has established a total resource of 8 million tons of ore at 7.38 g/t down to a depth of 45 meters below the extensive reef development on the 50 meter level, i.e. 95 meters below the shaft collar elevation (this represents circa 1% of the total mining area).
This is equivalent to some 1.4 MILLION ounces of gold from the developed area.
Production of 360,000 tons per annum at 7.38 g/t producing after 29 months revenue amounting to an average of US$60 million per annum. The life of mine is estimated to be over 20 years.
At a discount rate of 15% per annum over a ten year period the estimated Net Present Value amounts to US$233M for the existing developed mining area (this represents circa 1% of the total mining area).
More information can be learned by visiting our website: www.indocan.com.
We seek "Safe Harbor."
Company Info: +1-406-322-3844 Jeffrey R. Bruhjell, president JRB@Indocan.com
CONTACT: Investor Relations, Ken Ash +1-910-300-8189 kenash@indocan.com
SOURCE Indocan Resources, Inc.
RNWF - $50,000+ Coming Into This Stock In Earnest
This is huge news for RNWF shareholders. Specifically RNWF shareholders could be looking at at least $50,000 worth of buying volume in the coming days. That $50,000 figure is based on today's $.003 close. If RNWF continues to head higher that $50,000+ figure could rise substantially.
You might be asking why at least $50,000 worth of buying volume will be coming into RNWF? Specifically Rule 3210 which was enacted by the SEC in 2006, means that over $50,000 of RNWF stock has been sold naked. Essentially some unscrupulous market makers(s) have sold shares to you, the retail investor, without actually owning those shares. Wouldn't it be nice to sell shares of a stock you don't actually have the certificates of? These market makers create fake shares out of thin air and sell them to you. Most of the time these market makers can get away with it, but seeing RNWF on the REG SHO list means RNWF market makers have gotten caught with their pants down.
If RNWF continues on its track toward $.01 and beyond these market makers will be under significant pressure to find bona-fide shares to cover their naked short positions with. As it stands these market makers, per SEC rules, can no longer short this stock. That should provide for less resistance to the upside. Couple these naked shorts with long term shareholders, who aren't willing to sell and you've got the ingredients for an impressive short squeeze.
I have said RNWF will hit $.01 and beyond, but this new development really adds some fuel to the fire. At this stage we really don't know the exact amount of shares sold naked. All we know is that it is in excess of $50,000 worth. I think it is even more than that, likely $100,000-$200,000 as of today's $.003 close.
If RNWF continues its accession higher the real buying volume attributed to naked shorts covering could amount to close to a million dollars. It's time these market makers paid for their greed.
RULE 3210 explained:
Rule 3210 requires clearing agency participants to close out
all failures to deliver in ”non-reporting threshold securities” that have existed for
13 consecutive settlement days. For purposes of Rule 3210, a non-reporting threshold
security is any equity security that is not a reporting security and, for five consecutive
settlement days, has: (1) aggregate fails to deliver at a registered clearing agency
of 10,000 shares or more; and (2) a reported last sale during normal market hours
(9:30 a.m. to 4 p.m., Eastern Time (ET)) for the security on that settlement day that
would value the aggregate fail to deliver position at $50,000 or more.4
If the fail to deliver position is not closed out in the requisite time period, a clearing
agency participant or any broker-dealer for which it clears transactions would be
prohibited from effecting further short sales in the particular specified security without
borrowing, or entering into a bona-fide arrangement to borrow, the security until the
fail to deliver position is closed out. To the extent that the participant can identify the
broker-dealer(s) that have contributed to the fail to deliver position, the requirement
to borrow or arrange to borrow prior to effecting further short sales may apply only
to those particular broker-dealers to which the participant has allocated such fail to
deliver position.
NASD will publish daily a list of the non-reporting securities that meet the threshold
requirements of Rule 3210 (Rule 3210 Threshold Securities List). To be removed from
the Rule 3210 Threshold Securities List, a security must not meet either of the threshold
tests in Rule 3210 for five consecutive settlement days.
Wednesday, May 19, 2010
Stocks To Watch - CPHG, RNWF, TCLIF, AFPW
CPHG this stock fell swiftly and should bounce back with a vengeance tomorrow. According to information that was forwarded to me via email over 70% of the volume today was short. Meaning the small block selling that eradicated the bid into the end of day was likely market makers embarking on some scare tactics. I think this stock will resume its ascent tomorrow and the market makers will be covering those 3 million+ shares are much higher prices.
RNWF the stock performed well on a seemingly bad day for penny stocks. I like this stock for $.003 short term and $.01 longer term.
TCLIF this stock fell back to no bid, and I still feel strongly about it launching into the $.0004/$.0005 range. From $.0001 that is a 400-500% gain.
AFPW looks to continue its run off of its recent lows. I think $.05 offers an attractive entry for a 50-100% short term gain.
KATX - The Guru's Second Target Has Been Breached, Next Up $.30
Today KATX closed at a shade under $.20 a share after hitting an intra-day high of $24 a share. For those of you who were buying up shares at $.05 and $.06 when the Guru was telling you KATX was heading to $.10 and beyond, well you are up 400% as of today's close. This is what I was saying a little over a month ago with KATX trading well below $.10 a share.
On March 30th I said:
http://pennystockgurus.blogspot.com/2010/03/katx-dont-say-you-werent-warned.html
You could have been buying up shares at $.05 to $.06 since February in anticipation of KATX's next leg up. The one the Guru has seen coming for some time.
Today KATX closed at $.0675,up 20%, on breakout volume.
My target remains $.10, but that is just my first target. If this is indeed the next leg up I think we break into new highs and could see SRSR type numbers, meaning $.15 - $.20 a share. That represents a 200-300% gain from today's close.
Let's not get ahead of ourselves just yet. First we need to see $.10, which we should in short order.
On MARCH 31st I said:
It is becoming more evident by the day that KATX is going to hit $.10, the only question left is what it does after that. I suspect this is the 3rd up leg in this long rally and the stock will reach new highs. Consider that each of the last two legs posted 500 - 1,000% gains. If history repeats itself KATX could hit $.30 a share. That would mean this rally still has some significant upside potential. Today's action left me more confident about my bullish stance on this stock.
http://pennystockgurus.blogspot.com/2010/03/katx-starting-its-3rd-leg-up.html
Today's Chart:
Just looking at the chart it is becoming evident this third leg is going to run its course shortly, the only two questions I have are:
1. What price does this third leg end at?
2. Will there be a fourth leg higher?
I will answer question #2 after we find out the answer to question #1. I think this leg could see $.30 before all is said and done. KATX remains a stock to watch in 2010 and beyond.
Tuesday, May 18, 2010
Wednesday Stocks To Watch - NWTT, CPHG, TCLIF, SPAL, RNWF
CPHG I think this stock sees $.01 and better tomorrow. It will settle back where it belongs, which certainly isn't at $.0064 a share.
TCLIF this is my favorite $.0001 - $.0002 stock and I feel strong about a solid move in the coming days. It is currently under accumulation and its only a matter of time before it takes off.
SPAL I think we will see a test of the $.075 high at some point. Considering this stock is trading off that number, I think a 300%+ gain could be had form today's closing price.
RNWF I didn't like the trading as much today in this issue, but I still feel strong about a big run coming for this stock. The time to be buying is while everyone is selling. I think those who have been buying a of late will be rewarded down the road.
CPHG - Heading Higher In a Hurry
In the fall CPHG was a 4-5 cent stock and saying the volume from that point on has been sparse would be an understatement. Traders have yet to catch on to this bargain stock, one that should see $.01 and beyond in the coming weeks.
One of the reasons this stock will head higher is because that is were it belongs. It was taken down in price on very low volume. When a stock falls on light volume it indicates a soft bid meaning no one is buying. This could drag a stock down 75% in short order, not because the stock belongs at that price, but because some investor liquidated their shares at whatever price the market was willing to pay. When there are no investors to support the bid, the price per share crumbles.
That is precisely what happened with CPHG. The recent decline is unwarranted and I expect a strong rebound to take this back in the $.015 - $.02 range where it belongs. Also let's not forget this is an active company and I would expect further press to help bolster the shares.
This company is in its fledgling stages as evidenced by its website: http://www.crystalhld.com/. The time to be buying these stocks is before they grow.
I am expecting further press and announcements that will increase the buying pressure on this stock and I believe it will head higher very quickly.
VIIN - Now Motor Sport Country Club, LLC Via Reverse Merger
Motor Sport Country Club LLC Becomes a Public Company Marketwire "Press Releases "
DENVER, CO -- (MARKET WIRE) -- 05/18/10 -- Motor Sport Country Club, LLC (MSCC), anticipated to be, upon completion, one of the largest Motorsports destination resorts in the world, announced today the completion of a reverse merger with publicly traded Victoria Industries, Inc. (OTCBB: VIIN), a Nevada -based corporation that is fully-reporting and currently traded on the OTC Bulletin Board. Under the terms of the transaction, Motor Sport Country Club becomes Victoria's principal operating business, as a wholly-owned subsidiary, and Victoria Industries, Inc. will change its name to " Motor Sport Country Club Holdings, Inc. " as soon as reasonably possible.
"Becoming a publicly-traded corporation will help us gain access to the capital we need in order to aggressively grow the planned build out of the resort while providing transparency for our members and financiers," said Claus Wagner , Chairman and CEO of Motor Sport Country Club, LLC . "This is a huge step forward for Motor Sport Country Club and we look forward to providing updates on our progress in the coming months."
Motor Sport Country Club was founded in 2007 and will sit on 2,600 acres located less than an hour from downtown Denver and on the I-70 corridor. The resort will be home to the "Ring of the Rockies" racetrack circuits, modeled after the famous Nuerburgring in Germany . Management believes that upon completion of the building of the racetrack, it will make Colorado the home of the most extensive and diverse Formula 1- and MotoGP-caliber tracks in the world, offering over 10 miles of premium racing surface in a variety of configurations with 1,000-foot to 7,000-foot straightaways, pulse-pounding elevation changes, high speed turns and other features that will challenge drivers of every level. Memberships at Motor Sport Country Club are currently available starting at $175,000 .
Designed by renowned F1 track designer Hermann Tilke , the master plan of Motor Sport Country Club's resort will include state-of-the-art amenities beginning with the clubhouse, which will be situated where all four tracks converge and feature panoramic views. The pit and garage areas, professional paddock, and driving school will be conveniently located on the ground floor of the Race Club . The upper floor will feature viewing lounge areas, restaurants, cafés, bars, a wine tasting room, locker rooms and other clubhouse amenities. The Residence Club will be located on the highest point of the resort, with a direct view of the race track circuit, with Pike's Peak and the Rocky Mountain range in the background. The Residence Club will feature a range of luxury suites, a fitness club and spa, and an outside pool and deck to fully enjoy the 300 plus days of Colorado sunshine each year.
For more information, please visit www.motorsportcc.com.
ABOUT MOTOR SPORT COUNTRY CLUB The Motor Sport Country Club of Colorado (MSCC), home to the future "Ring of the Rockies" racetrack circuits, is the first Formula 1-inspired, multi-track planned country club in North America . Located less than an hour outside of Denver, Colorado , MSCC's track plans are modeled after the famous Nuerburgring in Germany and are designed by the world-renowned Formula 1 racetrack architect, Hermann Tilke . Set amid 2,600 acres of breathtaking scenery, MSCC will offer a full array of Motorsports, top driving instruction, state-of-the-art clubhouse, generous amenities for the entire family and a limited collection of spacious home sites and luxury villas. MSCC will be an exclusive performance lifestyle racing resort where those with a passion for Motorsports can give their adrenaline a place to call home in a true luxury environment. For more information visit www.MotorSportCC.com or call (303) 459-7745.
Cautionary Note Regarding Forward Looking Statements This press release contains forward-looking statements regarding future events and financial performance. In some cases, you can identify these statements by words such as "may," "might," "will," "should," "except," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of these terms and other comparable terminology. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. There are or may be important factors that could cause our actual results to materially differ from our historical results or from any future results expressed or implied by such forward looking statements. These factors include, but are not limited to, those discussed under the section entitled "Risk Factors" in our Annual Report on Form 10-K which is available at the U.S. Securities and Exchange Commission website at www.sec.gov. The forward-looking statements in this press release are based upon management's reasonable belief as of the date hereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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Media Relations: Alana Morris Alana@vocapr.com Courtney Lis Courtney@vocapr.com Investor Relations: ir@motorsportcc.com 214-722-3045
Chart of The Day - KATX
Monday, May 17, 2010
Tuesday Stocks To Watch - SPAL, KATX, SSWC, NWTT
SPAL hit a high of $.038 today before pulling back a little. I think the recent high of $.075 is within reach. With the low share structure and looming merger, this stock is a bargain at these prices.
KATX I see $.20 coming sometime this week. The question is what happens after it hits $.22. Does it go higher, or will that be the top?
SSWC has begun to move higher. I see $.001 as the next logical point of resistance. A break of that price and the air gets thin to $.002.
NWTT this stock is in the cusp of a major break out. At $.0002/$.0003 the risk reward ratio is low, meaning buying at $.0003 could pay off handsomely down the road.
KATX - The Guru Nailed This Stock
I've been talking up KATX for the most of 2010. Long's continue to get rewarded. Today KATX rose 8% and as I've said before I see an SRSR type number coming shortly meaning $.22-.25 a share. Where KATX differentiates itself from SRSR is what it does after it hits those prices. Do a search for KATX to see what I've been saying all along.
RNWF - On It's Way Toward $.01
RNWF continues to be a stock to watch in 2010.
Like I said in my prior posts RNWF is an accumulation play just like ETLS. ETLS has already tested $.011, and I think RNWF will do the same over time.
Here is my post from earlier in the week:
http://pennystockgurus.blogspot.com/2010/05/rnwf-just-start-of-big-run.html
Be sure to keep a close eye on RNWF next week and beyond.
TCLIF - This Stock Is About To Explode
The $.0002's came under pressure today and it is only a matter of time before the market makers move to $.0003, and then $.0004 and then much higher.
This stock that just underwent a name and stock ticker change. It has yet to get a following as most triple zero stocks eventually do and it is for this reason I think this stock has tremendous upside potential. You need to be buying these stocks before the crowd and TCLIF offers you that opportunity. For $.0002 a share, in my opinion, it is worth the gamble.
TCLIF is a ticking time bomb, a stock that will explode when the buyer swoop in.
Sunday, May 16, 2010
The Guru's Stocks To Watch This Week- SPAL, RNWF, SSWC, APCVZ, TNXI, ETLS, TCLIF
SPAL name change indicates a merger is imminent, the stock has a very low share count. The stock has pulled back from its $.07+ high, and at current prices offers a great opportunity to get in befor the news. SPAL should be valued at $.01 - $.02 just as a shell, a merger would add significant value.
RNWF this stock looks ready to test its recent highs. Recent SEC filings have lit a fire under RNWF, and I expect interest to swell this week. Look for a test and break of recent highs.
SSWC has been slowly trading higher as investors realize the potential with this stock. I could see a push to $.001 coming soon with the corsshairs set on the 52 week high.
APCVZ this stock should be a mover on Monday. The company had one of its drugs apporved by the FDA and another one tentatively apporved this past Friday.
TNXI I think the selling was overdone on Friday and this stock should see a steady rise this week.
ETLS has been a very interesting stock to watch the last few months. While the stock readies itself for another run, buying in the $.002's and selling in the $.003's and $.004's has been a profitable strategy.
TCLIF continues to see buying at $.0002. With a little more buying pressure on Monday I think the $.0003's and $.0004's will come swiftly. That represents a 100% gain. I could also see it heading much higher than that as shares get scarce. It is worthy of a few lotto tickets.
Friday, May 14, 2010
KATX - Another Huge Session
KATX is currently in its third leg higher, one that I now think will bring it to $.20 and beyond, just like SRSR. Where KATX can separate itself from SRSR is what it does after it breaks $.20.
Here are some of my quotes from days past:
2/9/2010-
http://pennystockgurus.blogspot.com/2010/02/katx-todays-bounce-off-lows-could.html
I have a good feeling this stock will see gains into the weekend as the chart looks oversold short term. Longer term another test of $.10 looks to be in the cards. That price would be close to a double from today's closing price.
Consider KATX a Guru buy as long as the stock can stay and hold above $.05. If it drops below $.05 all bets are off.
2/22/2010-
http://pennystockgurus.blogspot.com/2010/02/tuesdays-watchlist-vcty-katx-etls.html
KATX is still holding above our $.05 price and hit $.062 on impressive volume. I was a betting man I think $.10 is coming in the next few days/weeks.
1/18/2010-
http://pennystockgurus.blogspot.com/2010/01/katx-next-target-10.html
KATX - Next Target $.10
I hate jumping on bandwagons, but KATX looks appealing here, even after posting some 2,000% gain from the November lows. The current rally is occurring amidst less volume than the last rally and at higher prices. It is taking less money to move this stock and I view this as a positive sign. It is a sign that leads me to believe that more gains are on the way.
In a penny stock world of quick gains, violent moves, long term holders of stock almost always lose their money. KATX has proven to be the exception, not the rule. If you had bought this stock back in early January, you would be up well over 100% today. It is for this reason I think KATX will hit and break $.20 a share. It has proven to be a solid penny stock and one that is worthy of countless posts on this blog.
If you don;t have KATX on your watch list than you must be a newcomer to this blog.
Stocks To Research This Weekend - HMIT, SPAL, SSWC, RNWF, TCLIF
HMIT continued its ascent during this second leg higher. This stock should be trading in the $.002's and possibly .003s next week.
SPAL is an attractive buy at these levels. With the recent changes at the Secretary of State as well as the low share count, this stock should and likely will be trading much higher short term.
SSWC was chewing through the $.0004's mid-day and I think next week will see some more steady accumulation. As I have said in the past when merger news its SSWC it will trade 1,000% higher from current levels.
RNWF I am starting to like the way this stock is trading again after it was sold off from recent highs. I think it will make another attempt to breach recent highs. The bottom line is I see at least a short term 50-75% gain from today's close, and a 300-400% gain further down the road.
TCLIF saw some decent buying at $.0002 today. It won't be long before those $.0002's are a distant memory. I hope you have your lotto tickets.
Thursday, May 13, 2010
Friday Stocks To Watch - CMSI, SPAL, SSWC, NWTT, HMIT
SPAL volume has been lighter but the stock has held most of its recent gains. This bodes well for the next push higher.
SSWC broke out of its doldrums and just may be ready for a rally over $.001. With the potential merger looming on the horizon this stock is a bargain in respect to what it will be worth post-merger.
NWTT is holding its ground. I think $.0003 is price that will see gains down the road.
HMIT went up early in the day before settling back down. I think $.002 is a reasonable target heading into the weekend.
TNXI - Headline Number Dissappoints, Details Impress
My point is if the EPS doesn't come in at $.04 like last quarter and instead comes in at $.01 or even a loss, I wouldn't think that makes this stock any less of a buy then it was last quarter. The time to be buying these stocks is while they are growing. By the time they are posting big profits the stock has already been bought up by the investor community.
Sure enough tonight TNXI posted a $.17 loss for the quarter. That loss included a $4.2 million charge for the change in fair market value of warrant and beneficial conversion feature liabilities and $0.8 million of interest expense. On the surface it doesn't look good, and some investors might shy away. But dig a little deeper and you've got a company that continues to grow and one that, at some point in the future will be trading over $1 a share.
Straight from tonight's press release:
Financial Highlights for the First Quarter
-- Revenue was $7.7 million, up 6.4% from $7.2 million in the preceding quarter and up 9.1% from $7.0 million for the first quarter of 2009.
-- Core voice revenue increased 8% to $5.8 million, compared to $5.4 million last quarter.
-- Adjusted EBITDA improved to $517,000, compared to a loss of $318,000 a year ago.
-- Gross profit was $4.5 million, or 58.5% of revenue, compared to $3.9 million, or 55.5% of revenue a year ago.
-- Total operating expenses improved to $5.0 million, compared to $5.1 million a year ago.
-- Operating loss was reduced to $0.5 million for the first quarter as compared to a loss of $1.2 million a year ago.
I think those are some impressive highlights. Positive EBITDA, revenue continues to grow, expenses have been reduced, the list goes on. I haven't seen the actual 10Q I do believe it will be out in the morning. At that time I will glean more details from this quarter.
TNXI remains a Guru Buy and Hold. If anything the recent quarter validates my position on this stock. This is a growth stock, one that is on the cusp of posting consistent profitable quarters. By the time that happens TNXI will be over $1 a share.
BELLEVUE, Wash., May 13, 2010 (BUSINESS WIRE) -- Telanetix, Inc. (OTCBB:
-- Revenue was $7.7 million, up 6.4% from $7.2 million in the preceding quarter and up 9.1% from $7.0 million for the first quarter of 2009.
-- Core voice revenue increased 8% to $5.8 million, compared to $5.4 million last quarter.
-- Adjusted EBITDA improved to $517,000, compared to a loss of $318,000 a year ago.
-- Gross profit was $4.5 million, or 58.5% of revenue, compared to $3.9 million, or 55.5% of revenue a year ago.
-- Total operating expenses improved to $5.0 million, compared to $5.1 million a year ago.
-- Operating loss was reduced to $0.5 million for the first quarter as compared to a loss of $1.2 million a year ago.
Adjusted EBITDA is a non-GAAP financial measure. Management believes certain non-GAAP measures provide relevant and meaningful measures by which investors can evaluate the business. EBITDA is defined as earnings or loss before interest, income taxes, depreciation and amortization, and the company defines Adjusted EBITDA as EBITDA adjusted for non-cash items including stock-based and warrant compensation, charges related to changes in fair market value of warrant and beneficial conversion feature liabilities. A reconciliation can be found at the end of this release.
"During the quarter we continued to make significant progress, achieving improvement in all of our core key financial metrics including continued sequential revenue growth on reduced operating expenses," said Doug Johnson, Telanetix's CEO. "Our next generation Digital Phone Service (DPS) continues to be a growth driver, posting a strong sequential increase in its installed customer base during the quarter. We look to build on this strong core revenue momentum through the remainder of the year as it helps to offset the expected churn in our legacy revenue due to the departure of two significant legacy customers."
Telanetix reported revenues of $7.7 million for the first quarter of 2010, up 6.4% from $7.2 million in the preceding quarter and up 9.1% from $7.0 million for the first quarter of 2009.
Net loss from continuing operations for the first quarter of 2010 was $5.5 million, or a loss of $0.17 per share, compared to a loss of $1.8 million, or a loss of $0.05 per share, in the first quarter last year. The net loss for the first quarter of 2010 included a $4.2 million charge for the change in fair market value of warrant and beneficial conversion feature liabilities and $0.8 million of interest expense. The net loss for the first quarter of 2009 included $0.9 million of income related to the change in fair market value of warrant and beneficial conversion feature liabilities and $1.4 million of interest expense.
Total cash and cash equivalents were $824,000 on March 31, 2010.
About Telanetix, Inc.
Telanetix is a leading communications solutions provider offering next generation voice services to the business market. Telanetix solutions meet the real-world communications demands of its customers with powerful, cost effective industry-leading communication solutions. The company's voice offerings, marketed under the "AccessLine" brand, give business customers a flexible, easy to use, cost effective alternative to today's traditional phone service, offering flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. Additional information may be found at the Telanetix corporate website, www.telanetix.com.
Safe Harbor Statement
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission could materially and adversely affect our business, operating results and financial condition. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.