jmhollen
21 years ago
hop,
I'm an engineering professional and I help "...Build America...". I've also been here on iHub since it started and have created many of the stock discussion boards you'll run across. http://www.investorshub.com/boards/board.asp?board_id=1255 http://www.investorshub.com/boards/board.asp?board_id=1377
Many rude and/or "..RBish.." individuals that have come here are now crap-canned or reside in the iHub jail - some with my help. http://www.investorshub.com/boards/profile.asp?user=1947 http://www.investorshub.com/boards/profile.asp?user=4041
Lee Iacocca is one of my personal heroes, like MacArthur, Patton, Schwartzkoff, Buffett, Gates, GDubya, and my Dad (RIP) - who ran the Panama Canal for 20+ years after helping build dams for TVA.
Good luck with KAIR.
John
jmhollen
21 years ago
Perhaps, after comparing profiles and Born-On dates, a better idea would be to ask "..who the hail are you..", Bunky.
When you are published, show the capability and capacity to get the US Governemtn to underwrite loans so you can save a major auto manufacturer, and manage a project like the restoration of the Statue of Liberty - then you might be qualified to cast aspirsions at Iacocca. But, stature and class overcoming banal emotions, you probably wouldn't at that point.
Are you of the erronious opinion that I need your permission to post here....???
Have a lovely day, aye.
John
onewon
21 years ago
KleenAir Announces Significant Revenue Increase
(KAIR)-KleenAir-Irvine-Aug 15, 2003-in filing its second quarter 10QSB has revealed an increase in first half revenue as compared with the same period last year. While still modest at $238,000 gross revenue for the 6 month period, this compares to $25,000 for the same period in 2002 and a cumulative $175,000 over the previous 7 years as the Company was developing and perfecting its NOxMaster(R) NOx Reduction System.
"These results reflect the Company's move from being a purely R & D Company to the beginning of commercialization of its technology, initially in the European market, as we have been predicting for the past year," said Lionel Simons, President, "and we expect the current upward trend to continue and gather speed over the months and years ahead."
The 10Q reveals that during 2002 almost $1 million was raised through the sale of equity. During 2003 no equity was sold to support further growth, and activities have been financed by officer loans and sales activity.
The Company felt that, for a variety of reasons, KleenAir stock has been significantly undervalued, and the decision was made to avoid raising capital by selling shares at current prices because of the dilution impact for existing shareholders. Instead the Company decided to borrow funds from officers, which would be effectively subordinated to other debt, thus avoiding some financial risk. This policy reflects the high level of confidence by the officers and directors in the future of the Company.
During this year a $100,000 loan to Extengine Transport Systems LLC, a licensee, were written off due to non-payment, in addition to $120,000 of loans defaulted by Extengine and its officers during 2002. Furthermore, Extengine and its associates have sold into the market their shareholding of close to 1,400,000 shares resulting in constant downward pressure on the stock.
KleenAir is at the cutting edge of Selective Catalytic Reduction (SCR) technology that significantly reduces nitrogen oxides. KleenAir owns the patented and unique computer controlled ammonia system, the NOxMaster(R), which, when injected into the exhaust stream, interacts with NOx produced during combustion. The result converts environmentally hazardous NOx into harmless nitrogen and water. In addition, the Company's exclusive and unique converters significantly reduce particulates as well as hydrocarbons (HC) and carbon monoxide (CO). These pollutants have been shown to be a major contributor to heart and lung disease.
--30--EC/la*
CONTACT: KleenAir Systems Inc., Irvine
Lionel Simons, 949-955-3492
(Business Wire)
onewon
21 years ago
hops .... re: RB post
http://ragingbull.lycos.com/mboard/boards.cgi?board=KAIR&read=9787
2 Big questions need to be answered:
1, Why are we still posting on this lame board and not the other cool one?
2, When the quarterly come out and we see that all the major stakeholders have not sold and actually might have more shares, then I will jump in with both feet. If they didn't sell from .45 to .25 then they damn sure won't be showing any sells on the quarterly coming out in November. But if they sold between .45 and .20, look out below!
ANSWERS:
1, that's why I posted the answer here *grin*
2, Prudent Bear DID uncrease their stake in KAIR
http://www.investorshub.com/boards/read_msg.asp?message_id=1237554
Now, today, we find that:
"Dr. Hamid Servati, President of Servotech and a director of the Company, has purchased an additional 500,000 shares of restricted common stock from the Company. This increases his holdings to 1,250,000 shares."
http://biz.yahoo.com/e/030814/kair.ob10qsb.html
IMHO, with income, orders, investors, patents and the like (NOT TO MENTION POTENTIAL), KAIR at .20 seems like at least a one-footer to me.
Don't you think so?
hop_alongshort
21 years ago
jc, I think you misunderstood what I meant as for the majority shareholder info that I hope shows on the quarterly, that will suck if this info I'm looking for only shows on the annual.
Oh well, we'll see, no biggie either way, I don't own enough to care about losing now, but I was looking forward to having another reason to buy more.
jcmolitas
21 years ago
Hop, the quarterly report will not show who owns the stock, it is only a financial report of the company. You may be thinking thath the prudent bear fund report which is semi annual will show the stocks that they own, one of which is KAIR, but it does not show who owns their mutual fund either.
The financials will show sales, expenses, cash flow, if any new stock was issued but not to whom it was issued.
onewon
21 years ago
Just talked with Lionel .....
I had a little concern, today, over the MMs treatment of KAIR (did anyone notice that 3K sell at .20 at the close ... BS IMHO)
so, I sent kair an email .... it bounced right back to me as undeliverable. Thinking I sent it wrong, I tried it again ... same thing. So I went to kair.com and got a Forbidden to enter message. That really got my heart fluttering.
So I called the Company. Got a hold of a nice lady and asked for IR dept. She said, "well, why don't I get your name and number and I will have someone return your call, as there is a meeting going on." I said "OK," and hung up.
No more than 5 minutes later, the phone rings. I answer and the voice on the other end says, "Hello, Lionel with Kleenair Systems speaking."
The first words out of my mouth were, "Are you still in business?" laughter on the other end.
I then explained that I couldn't get on their kair.com site and emails were returned.
Lionel explained that kair.com was handled by a European ISP, and they are in the process of changing to a USA ISP, and there is a small "glitch" in transferring the domain, but that Network Solutions was on the case and everything should be OK soon.
That was comforting to me. So I asked "How's business?"
You could hear the excitement in Lionel's voice as he answered "GREAT!"
I asked if Europe, and London was going well and he replied that (paraphrasing) "everything is going according to plan, AND should come to fruition this year." (bad paraphrasing, but the message was there).
I then asked, "almost time for financials report, isn't it?"
Lionel said "YES, we have the report done and it will be filed tomorrow, Thursday or Friday."
He then reiterated that KAIR is in good shape and that things are starting to roll and should show very positively "this year"
I thanked him for his time and for addressing my concerns, he thanked me for voicing my concern and support, and the call was over.
I didn't ask any specifics, because I think his voice answered so much, and he probably would not (could not) have answered anyways.
I took all sell teasers off (after close) and will probably watch for a chance to buy more shares, as I have faith in KAIR!!!!
onewon
21 years ago
There is some phony trading going on with KAIR!
After watching the last few days trades, or lack thereof, I tried something today ....
SCHB was on the bid 5K at .24 for the last 2 days while DOMS was on the ask at .245.
This morning just as the market opened, I placed a 2K (a little teaser) sell order at .24 ...... at one time I was the only order out there.
I let it sit for 4 hours, thinking that SCHB (notorious for their partial fills) would take a few here and a few there.
Noooooooo .... one phantom 2500 share trade went thru, then a while later another phantom 2500 shares, then POOF SCHB off the .24 bid and now asking .25 and the bid drops to .20 (which was the next in line).
I wonder how many of those .26 buys were real, since the .24 sells weren't, IMHO
onewon
21 years ago
jcmolitas ... I took the opportunity to post
your RB message here ...... Says alot; thanks, sir!
http://ragingbull.lycos.com/mboard/boards.cgi?board=KAIR&read=9765
I can only post from my home computer on RB, that is why I post mostly on Investorshub.
The major seller is gone. The 250,000 sell last week was the last of the dumping by this seller. Hopefully the price will recover to the .50 to .75 range now that the dumping is gone.
Quarterly results will be out soon, by the end of next week if they meet the 45 day reporting requirement, which they always have done.
It seems that everything takes a little longer than hoped with KAIR and everything related to the government to act on proposals or testing criteria. After all the government is not private industry they don't need to act quickly.
I still retain my faith in KAIR and it's management because they have never said anything to mislead or that is blantantly a lie. They only fault if you want to call it that is that they have tended to be a little more optimistic than events have turned out, but everything they said they were doing and working on has come to pass, even though it is a little slower than anticipated. The slowness was beyond KAIR's control.
I am still into KAIR for the long run. I fully expect this stock to be about $4 a share within a year, and who knows what beyond that. With a couple of contracts the optimism will explode and the price will run beyond our expectations as there are really few shares in the float in this stock.
GO KAIR.
I wasn't here to see that 250K "transaction," but I thought it was a buy!
clutchdoc
21 years ago
JC
Lets just say for sake of arguement that, IF as you say, a competitor comes out with a device that reduces 40%. As I understand the problem, the taxis are required to achieve EURO 2 to get their lisence renewed. If they have an old taxi that is say pre-EURO, 40% might not cut it. For the normal taxi that might only need 40% today to meet regulations, what about the future. Wouldn't a taxi driver spend the extra money to more to an even higher EURO level. If the government is imposing a level 2 requirement today, it is safe to say that when all the taxis are completed, the regulations will move to the next higher level.
For the price of the KAIR system you achieve the same emission levels as a propane system
onewon
21 years ago
OT: after that massive buying flurry, we need a rest!
JOKE here... A man walks into a bar...
I man walks into a bar and the place is going nuts. Dancing, drinking, and people in amusement with their jaws on the floor. He turns to look where the wonderful music is coming from and there he sees it: a wonderful, masterful pianist. What people are so amazed about though is his diminutive size, he is only 9" tall.
The man later strikes up a conversation with the man that claims to be the pianists manager. When he inquired on where he found this wonderful pianist, the man told him that actually he came across a Genie in town that would grant one wish. He then told the man where he could find this genie. Quickly the man left the bar in search of the genie.
A short time later the man returns to the bar with a 100 baby female chicks following him. He found the pianist manager and told him that he thought the genie was either hard of hearing or just plain stupid because he had clearly asked for 100 blond chicks, the female type, not the bird type. The other man then turned to him and said "Well, you dont think I asked for a 9" pianist</B> do you"?
jcmolitas
21 years ago
Good post, one other item is that the energy savings truct will pick up at least 50% of the cost of the installation of the KAIR device. The only other alternatives is buying new or doing a propane conversion. I looked at the link you sent and some taxis that are 4 years old with 130,000 km on them still go for $25,000.
Also I do not know what you meant when you said "If KAIR can get more reduction than required, the cost of the system in terms on percentage reduction is lower than the competition."
If the the cost per percent reduction is less than the competition how does that matter to the buyer. In other words IF, note I said IF, a competitor could sell a device for $3000 that reduced NOx 40% and KAIR can sell a device for $3750 that reduces NOX by 90%, if both qualify what incentive is there to buy KAIR's device?? Does the goverment reimbuse more? Again this is a hypothetical question as the only alternative is propane and it costs more and reduces NOx less.
jcmolitas
21 years ago
PB bought them from the company, they are restricted shares. 454545 shares for $250,000. The company has 686500 free trading shares and 2,454,545 restricted shares.
They bought
1,000,000 at .90 1/2002
1,000,000 at .50 7/2002
454,545 at .55 10/2002
686,500 date purchased and price not listed
KAIR is an affiliated company of PB in that PB ownes more than 5% of the company as defined by the Investment Company Act of 1940.