Helios and Matheson Analytics (HMNY): Shaking Down Shareholders
by Sonya Colberg, Senior Editor, 9/20/2017 9:08:35 AM
Helios and Matheson Analytics (HMNY) is an information technology company hooked on acquiring unprofitable technology, which it then mercilessly promotes.
The New York company merged with Zone Acquisition in November 2016, which ignited additional losses.
The stock has rocketed by 90% and is now TheStreetSweeper sees a riskier investment than ever:
HMNY has been running on fumes … $54.98 million in the red.
It’s burning $5 million in two quarters.
At the end of June, HMNY had just $1.4 million in available cash.
Here’s how dire the situation was, in management’s opinion:
“In management's opinion, there is substantial doubt about the Company’s ability to continue as a going concern through one year after the issuance of the accompanying financial statements.”
Losses are growing exponentially. Investors endured a stunning $-1.97 loss in June:
The inability to make money – and we don’t believe it will ever be profitable - has forced HMNY to hurt shareholders, as shown below …
*Dilute and Destroy
HMNY’s apparent mission? Casual destruction of shareholders’ value.
Adomani (ADOM): Hello? Anybody Home?
by Sonya Colberg, Senior Editor, 9/5/2017 7:34:06 AM
TheStreetSweeper issues an alert for Adomani (ADOM) investors.
Adomani is expanding its efforts to “enhance shareholder value” by hiring an IR firm that doesn’t return phone calls.
The world’s most overvalued company hustled out a press release early Friday morning, Sept. 1, announcing it has retained Hayden IR to “increase awareness.”
Eager to shine light on Adomani, TheStreetSweeper called Hayden for an interview. IR expert James Carbonara answered but upon learning TheStreetSweeper was calling, he took the number and said he’d call back on a better phone line. That return call didn't happen. And no one would pick up the phone, though we tried to reach investor relations again five times. Why is Adomani retaining a firm that isn’t doing its job?
We wanted to know …
Isn’t it irresponsible to attempt to get retail investors into the stock at this level?
After a ~2% rise with the IR announcement, the stock’s teetering at a market valuation exceeding $800 million.
Should Hayden really encourage people to buy high?
Wouldn’t a more responsible entry point be when the stock falls to around 75 cents per share, or around a $50 million market cap?
The Newport Beach, California company makes drivetrains to convert gasoline vehicles to electric vehicles.
But in five years, it has sold zero conversion kits and exactly two converted buses. Yes, in five years.
One sale was so unremarkable the CFO said in a telephone interview with TheStreetSweeper that he didn’t know how much money it generated.
The second life-time sale was a bus described by the CFO this way: “We got their deposit in 2015. Delivered the vehicle in ‘16 and recognized a whopping $68,000 in revenue in June of ’16."
JAMN Finally Spills the Beans -- And It's an Ugly Mess
by Janice Shell, 6/2/2011 10:32:51 AM
To be sure, the 10-K offered investors little reason to sing. For starters, the filing reveals, this once-hot “coffee company” sells no coffee of its own at all. JAMN relies on a supplier based in frigid Canada – far away from the tropical Jamaican home of its co-founder Rohan Marley – to provide the company with an actual product to sell to its customers instead.
Back in April of 2010, JAMN inked a “supply and toll agreement” with Canterbury Coffee of British Columbia that gave it access to some brew. According to that agreement, JAMN relies on Canterbury to fulfill every role – save a minor one – normally satisfied by a firm that classifies itself as a coffee company. Canterbury purchases the coffee beans. It roasts them. And it then packages them in bags supplied by JAMN – the company’s only real product – for sale to the public.
JAMN signed this deal more than a year ago, right before Shane Whittle – a notorious Vancouver stock promoter – officially resigned as CEO of the company. But the company never mentioned that agreement, seemingly material enough to warrant at least a quiet 8-K report, in a single regulatory filing until now.
Jammin Java (JAMN): Hot Stock ... Bitter Aftertaste?
by Janice Shell, 6/2/2011 10:30:25 AM
It’s time to wake up and smell the coffee! That’s exactly what Jammin Java (OTC: JAMN.OB), a heavily promotedcoffee company, and – for very different reasons – TheStreetSweeper would like investors to do.
Since the beginning of the year, JAMN has miraculously risen from the ashes of the “Grey Market” graveyard to become one of the liveliest – and richest – stocks in the entire microcap arena. JAMN has seen its stock shoot straight toward heaven, soaring from 55 cents to peak above $6 a share on massive daily volume, with its market value nowtopping $355 million despite the company’s limited resources and operating history. (As covered in more detail below, two of the Internet tout sheets pushing JAMN the hardest effectively vanished -- disabled by their Internet servers -- on the day the stock’s trading volume exploded past 20 million shares.)
CCME: Few Signs of Life at 'Healthy' Chinese Firm
by Roddy Boyd, 3/23/2011 9:30:34 AM
Also, and this cannot be understated, hanging out on a sidewalk in Fujian–the sidewalks double as parking spots when the streets, which appeared to have been designed in the Han Dynasty, fill up–was not a viable option. There was also the matter of the world-class headache the Financial Investigator was developing from Fuzhou’s diabolical smell, an epic conflation of poor sewage treatment, air pollution and the smell of cabbage that made getting the hell off Dongjie street a matter of vital importance.
The Financial Investigator and his traveling companion for the trip, an American investor with extensive experience in China, decided to head upstairs despite our interview with the CFO having been cancelled at the last minute (with no explanation given.) We thought a quick tour of the offices and meeting a few other executives might open our eyes to a few things.
Though the language barrier was a little steep with the young receptionist–when we asked for writing paper, she provided Kleenex–we were in short order shown to their conference room and told to wait. It did not escape notice that pride of place in the conference room belonged to a framed certificate of participation from the Fall 2010 Rodman & Renshaw conference, the World Cup for reverse merger companies and the pumpers and touts who peddle them.
Eventually chief operating officer James Yu came down and after spending 30 minutes trying to understand who we were, concluded that giving us a tour wouldn’t hurt. Soon enough, his colleague, Vinne Ye–the chairman’s assistant–came out and took us around.
It was most eye-opening.more...
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