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EDE - Eden Innovations

Discussion in 'Stocks 0-H' started by daaussie, May 15, 2006.

  1. Smurf1976

    Smurf1976

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    Any comment as to your reasoning?

    Something lead you to change your mind obviously but what?
     
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  2. tech/a

    tech/a No Ordinary Duck

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    Smurfy
    I was actually expecting this question on the sale
    But glad you bought it up on the re buy

    I need to crank up the real-time charts and will do
    Later today.

    I had reasons for both decisions
    Could still be wrong
     
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  3. tech/a

    tech/a No Ordinary Duck

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    15 min Chart


    EDE.gif
     
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  4. basilio

    basilio

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    It's interesting to hear the technical analysis on why EDE shares may rise or fall.
    I'm still wondering on a fundamental basis whether the company can sell enough product to make a profit.

    I also "wonder" about the nature of the buying that is pushing up the SP. Obviously I don't know but it seems from my perspective to be out of sync with the reports. As I said I won't be surprised if there is not another capital raising on the back of the current SP increases:2twocents
     
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  5. kahuna1

    kahuna1

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    Any person in a bull market can make money.
    Even stocks with no merits can and do rise.

    This company raised not 8 months ago 5.7 million at 11 cents.
    Its now .... just over half that with a low 25% of that PRIOR to this ramp ramp ramp announcements.

    Paying 2 million to two lawyers, for such a tiny company is absurd.

    Personally and with a lot of experience, I DOUBT .... even if sales increased 10 fold .... 10 times this company would even break even.

    I suspect, the money raised less than 12 months ago at end of June .... 7 months ago ... for the cap raising ... if there is 3 million left, I would be surprised as of end of June and by end of Sept ... another cap raise.

    With 1.7 billion shares ... market cap of 110 million, and this company has been touting similar pie in the sky stuff for 10 years, if not 15 ....

    SHOW ME THE MONEY and cut the needless overheads. That of course will never happen and its a money pit with not much hope in sight.

    Time will only tell and I am not amused .. then again because some squiggly line suggests its going up, to the technical trading and TAB betting types, whilst it is very clear they will need MUCH MUCH MORE ... capital ...by a very casual look at the accounts and a state of perpetual loss is ... well ... like betting on horse three in race 7 because it did a poo in the yard prior to the race.

    Oh please !! Spare me ...

    PS ... I note 10 years ago, in 2009, there were 181 million shares ... now 1.6 billion so that's only say 1.4 billion SUCKERS say at 5 cents .... or 70 million that has evaporated ?

    728 million shares early 2014 .... so 900 million at 5 cents issued in 5 years .... likely higher ... and still no end in sight.

    Tee hee 15 million raised in 2016 at 15.5 cents per share to Institutions .... Was it mental institutions ? another 6.2 million early 2018 at 11 cents per share ....

    ooh and 7.8 million at 8 cents in 2019 ...

    Its basically gone ... we NEED MORE .... I suspect by end of Sept.
    Gotta pay those management fees.

    Seriously ...

    Is that on my chart ?

    End of March 2019 ... 5 mio left ... cash burn rate for 9 months 10 mio ...
    So end of June 2019 .... likely 2.5 mio or less.
    Management fee 339 k per quarter on the books PLUS other stuff if one looks.
     
    Last edited: Jul 14, 2019
  6. basilio

    basilio

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    Another quarterly result in for EDE (hope..)

    IMV a pretty disturbing picture. Costs are way up as they attempt to sell their products. Returns nowhere near even the cost of increase in staff. Going out backwoods at a rate of knots.

    As far as cash flow goes. $3.2 m in bank at end of the quarter. Estimated costs for next quarter of $2.7M. They have barely 3 months cash left. Clearly another capital raising has to be achieved ASAP. (I'm surprised they didn't try a couple of weeks ago)

    No surprise the SP like a stone on opening and is now 6.9% down.:( Hope people took their bickies during the mini bounce in the past month.
     
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  7. kahuna1

    kahuna1

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    Above from previous ...

    Accounts finally released .... on the 21st ... after a stupid rally and well ... as expected ... awful.

    AWFUL >..
    Agree with BAS's views ....
    Whilst one tries to be positive, this and these accounts leave a lot to be desired.
    In round numbers .... cash burn 1 mill a month and not slowing.
    Astounding, disturbing and whilst I would applaud some sales, there are no significant rises and costs dwarf the sales on the last 12 months.

    Expect another cap raise ... and its now Aug so its needed in the next 4 weeks.

    Ahh .... I was scratching my head over the so so glorious report and it contained all the clues as well to what eventually was released, the last day allowed to be released, the actual accounts.

    I watch this stock and its running mates with amazement.
     
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  8. jbocker

    jbocker

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    At least they released it AFTER the market closed on the last day of the month!!
    Allowed me a win in the competition, because next day it fell.:nailbiting::shame:
     
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  9. kahuna1

    kahuna1

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    Hilarious ....

    Its like the TAB this stock ... devoted and deluded followers with NO idea, and I mean none about value of a business.

    With is it 71 or 81 million accrued losses and unlikely to break even until it sells 30 million plus so that's 10 times the current sales which, well, seems a pie in the sky, its amazing people still have this stock valued at 85 million or so.

    I wonder what the discount for the new massive dilution will be ? 4 cents ? or is it 3 cents ? How much do you raise when you burn 5 mio a year ?
     
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  10. basilio

    basilio

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    Another day another flog from Eden - The land of Hope.
    As usual waxing eloquent about the great technology of Eden Crete and the huge percentage increase in sales.

    The fact that the costs involved in selling the product far outstrip the returns is completely ignored


    https://www.asx.com.au/asxpdf/20190805/pdf/4476y49cx5mm9z.pdf
     
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  11. kahuna1

    kahuna1

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    I like selling for more than it costs ...

    Break even is ?
    value of company ?

    No possible answer is the correct answer. That is being fair.

    Value with no profit margin on sales is below zero.
    Impossible to identify if there IS ... any margin of profit or likely ever to be one.
     
  12. basilio

    basilio

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    Fascinating stuff... Eden just updated their most recent "Pie in the sky"presentation to

    add the Disclaimer ! Yep the generic get out clause which denies any responsibility for the rosy hued future awaiting the thousands of shareholders who have tipped into the EDE bucket.

    Interestingly it has a couple of bolded lines this time. I think there is much azzzz covering going on. And of course they nopte that they don't incorporate all the financial data (just the bits they want to highlight...)
     
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  13. jbocker

    jbocker

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    You think being Lawyers this would have been the first thing considered, to miss it out is a surprise. The other surprise is (being Lawyers) that the disclaimer is not 15-50 pages long.
     
  14. basilio

    basilio

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    Hurry Hurry Hurry !
    Last chance. Deal of a lifetime.
    Eden announces share offer to all the (very special..!!) current shareholders to add to their current stock of confetti , oops , shares in Eden Hope.

    This special offer is at the very special price of 5c - which is todays SP.
    There is of course no documentation about the state of Eden. If you are a current shareholder you will be well versed in it's glorious opportunities and boundless potential.

    Roll up. Roll up. Roll up.
    https://www.asx.com.au/asxpdf/20190809/pdf/447cfmgrlnyy2d.pdf
    https://www.asx.com.au/asxpdf/20190812/pdf/447dkmdmwjhgrf.pdf
     
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  15. basilio

    basilio

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    I think I would be very, very careful if I had any shares in EDE.

    This latest offer to shareholders seems to be last roll of the dice in terms of funding the company. There is only about 3 month cash left- if they are prepared to run it down to the wire. If they can't get $8m in the next few weeks from shareholders where does that leave the company ?

    I'm sure many us have experience in how quickly a company can just stop trading when directors decide it is insolvent.
     
  16. basilio

    basilio

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    So more stories being rolled out of EDENHOPE. Certainly need to drum up some fresh blood.

    They have released updates on their Georgia and Colarado sales program.

    Looks like another $600k worth of sales coming up. Hasn't yet broken the $1m mark or even got close to breaking even on the cost of their sales staff. ;)
     
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  17. basilio

    basilio

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    Intriguing how "Edenhope" is releasing stories every other day as they try to persuade shareholders to invest another $8m into the company.

    Today they tell us they went to an Annual Conference of organisations responsible for road and bridge building across 14 Southern US states. They met lots of engineers and they feel very confident that afterwards they will write a ton of business to all these states on the strength of Edencrete.

    So I wonder ... Did they go to SASHTO in 2018 and 2017 ? How much business did they write up then ? Actually we know. They are still to break the $1m mark in total sales (by a long way .)

    Nonetheless the SP has JUMPED by 6% on this news. o_O

    Very impressive result indeed for turning up and showing your stuff at an Annual Conference.

    https://www.asx.com.au/asxpdf/20190826/pdf/447ty6pc3pn0yf.pdf
     
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  18. jbocker

    jbocker

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    I wonder how much work has progressed on the deficient bridges around the nation since the 2015 report on the matter. Edencrete are in progress on bridge trials, but are they missing the boat or have the repairs largely not started. Trump made some noise about getting employment for the US people involving infrastructure upgrades. Maybe all effort is on the Great Wall of Trump.
     
  19. basilio

    basilio

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    "Edenhope" continues to pound the ASX with breathtaking new stories on just how great Edencrete is or will be or could be or whatever
    (Absolutely nothing to do with the uncomfortable fact they are trying to ease another $8m out of current shareholders pockets...)

    Any way the LATEST installment manages to create a record of 3 separate announcements in a single day.


    First breathless release. They just got a job to put in the concrete floor for an international tyre company. This (could) be the first of many. Blah Blah Blah. 2 pages

    Second Release. At the order of the ASX they had to actually include how much this job was actually going to make them. How much ?Guess ? Guess ? $300K ? 100k ? 600k.
    Nope $12k . In a little trial area.

    Third Release. Oops we made a mistake in our calculations. It wasn't a 12k order after all.
    It was 6k

    This is not a company I have much trust in - particularly while they they are threshing around for money and using sardines as bait.

    https://www.asx.com.au/asxpdf/20190829/pdf/44809r59xzqynq.pdf
    https://www.asx.com.au/asxpdf/20190829/pdf/4480hyb24r9y47.pdf
    https://www.asx.com.au/asxpdf/20190829/pdf/4480nzwbfc6s5s.pdf
     
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  20. Smurf1976

    Smurf1976

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    A job valued at $6K is what you expect some two man operation which operates out of a garden shed and a ute to be taking on.

    If a listed company is even interested in quoting on the job then for any normal company it would just be routine business handled by the local office and of zero interest to anyone higher than the supervisor / foreman.

    $6K - seriously that's so small it's somewhat telling if the company is trying to make that sound significant. :2twocents
     
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