MMIO Reboundchance 100% kurzfristig
14:08:01 zu 0,014 mit 2 Mio. Stück = 28.000 €
Fuck!! Hab meine Signatur verloren...
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Wertpapier: Marmion Industries |
| Datum | Zeit | akt. Kurs | Kursart | Volumeneinheiten | Volumen EUR | Volumen (kum.) Stück | Volumen (kum.) Euro | |||
| 02.11.07 | 10:53:40 |
|
| 857.000 | 11.141 | 857.000 | 11.141 |
Chart schreit meiner Meinung nach förmlich nach Ausbruch !
Bin echt auf den Q3 gespannt !
Charttechnisch sieht man ja wie mit Hilfe einer fast einjährigen Unterstützungslinie gerade versucht wird den Abwärtstrendkanal zu knacken.
MA's sehen gut aus, genau wie Slow/Fast/Full Stochastik.
Aber hängt halt alles vom Q3 ab ;-))
Angehängte Grafik:
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Comparison of the Nine Months Ended September 30, 2007 and September 30, 2006
Revenues. Our revenues increased to $4,974,858, or approximately 59%, for the nine months ended September 30, 2007, from $3,134,400 for the nine months ended September 30, 2006. The increase is primarily attributable to the award and partial completion of several large commercial projects.
Cost of Sales. Cost of sales for continued operations increased to $4,108,099, or 67%, for the nine months ended September 30, 2007, from $2,455,777 for the nine months ended September 30, 2006. This is attributable to our performance on large commercial projects which cost associated to these projects are considerably higher. As a percentage of revenues, cost of sales increased to approximately 83% of revenues for the nine month ended September 30, 2007 versus approximately 78% of revenues for the nine months ended September 30, 2006. The increase in cost of sales as a percentage of revenues resulted primarily due to new quality and purchasing controls, as well as performing more commercial projects. We generated a gross margin of $866,759 with a gross profit margin of approximately 17% for the nine months ended September 30, 2007 as compared to $678,623 with a gross profit margin of approximately 22% for the comparable period in 2006.
Salaries and employee benefits. Salaries and employee benefits decreased to $397,806, or a decrease of approximately 9% for the nine months ended September 30, 2007 from $436,346 for the nine months ended September 30, 2006. This decrease is attributable primarily to a lack of compensatory stock grants to employees in the nine months ended September 30, 2007.
General and administrative. General and administrative expenses decreased to $516,655 or a decrease of approximately 59%, for the nine months ended September 30, 2007, from $1,266,224 for the nine months ended September 30, 2006. This is attributable to there being no equity based compensation consultant transactions in the nine month period ended September 30, 2007
Depreciation and Amortization. Depreciation and amortization expense increased to $301,218 for the nine months ended September 30, 2007, from $16,780 for the nine months ended September 30, 2006. This increase is attributable to the amortization of both deferred financing cost and debt discount related to that certain $3,000,000 debenture dated March 22, 2007.
Profit from operations. We had operating loss of $348,920 for the nine months ended September 30, 2007, compared to an operating loss of $1,040,727 for the nine months ended September 30, 2006. This decrease is attributable to a significant decrease in general and administrative costs.
Liquidity and Capital Resources
We have financed our operations, acquisitions, debt service, and capital requirements through cash flows generated from operations, debt financing, and issuance of securities. Our working capital deficit at September 30, 2007, was $523,667 and at September 30, 2006 it was a deficit of $707,079. We had cash of $1,375,244 at September 30, 2007, compared to having cash of $9,663 at September 30, 2006.
Our operating activities used $981,144 for the nine months ended September 30, 2007 compared to using $337,915 in the nine months ended September 30, 2006.
Net cash flows used in investing activities was $318,640 for the nine months ended September 30, 2007, compared to $7,413 of net cash flows used in investing activities for the comparable period in 2006. These cash flows were related to the purchase of property and equipment.
Net cash flows provided by financing activities were $2,673,243 for the nine months ended September 30, 2007, compared to net cash provided by financing activities of $332,217 in the nine months ended September 30, 2006. The increase was due to our consummation of a private placement (see March 2007 Private Offering below).
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We have recently completed a financing (See March 2007 Private Offering below) through our sale of a convertible debenture and related warrants. Pursuant to such offering, we received gross proceeds of $3,000,000. We expect these proceeds to be sufficient to fund our operations through December 2007. In the event we seek to expand our operations or launch new products for sale into the marketplace, or in the event we seek to acquire a company or business or business opportunity, or in the event that our cash flows from operations are insufficient to fund our operations, working capital requirements, and debt service requirements, we would need to finance our operations through additional debt or equity financing, in the form of a private placement or a public offering, a strategic alliance, or a joint venture. Such additional financing, alliances, or joint venture opportunities might not be available to us, when and if needed, on acceptable terms or at all. If we are unable to obtain additional financing in sufficient amounts or on acceptable terms under such circumstances, our operating results and prospects could be adversely affected. In addition, any debt financings or significant capital expenditures require the written consent of our lender under the March private placement.
Our working capital is not sufficient to meet our obligations. These factors raise substantial doubt about our ability to continue as a going concern.
March 2007 Private Offering
On March 22, 2007, we entered into a Subscription Agreement with certain accredited investors pursuant to which we issued a $3,000,000 of principal amount of debenture and warrants to purchase 100,000,000 shares of our common stock (the “Purchase Agreement”). The debenture has a 5 year term and bear interest at twelve percent (12%). We are required to make “interest only” payments for the first six months following issuance. Beginning on the 7th month following issuance, we are required to make amortizing payments of principal plus interest in the amount equal to $224,375.41. If a registration statement is effective, this amount can be satisfied by conversion of the debenture. The debenture is convertible into our common stock pursuant to a “variable conversion price” equal to the lesser of $0.075 and 75% of the lowest bid price for our common stock during the 20 trading day period prior to conversion. Provided, however, upon an event of default (as defined) this conversion price will be reduced to the lesser of the then current conversion price and 50% of the lowest bid price for the 15 trading days prior to conversion. In no event shall the conversion price be less than $0.001 per share. In addition, upon an event of default (as defined) the holder can exercise its right to increase the face amount of the Debenture by 10% for the first default and by 10% for each subsequent event of default. In addition, the Holder may elect to increase the face amount by 2.5% per month paid as liquidated damages The maximum amount that the face amount may be increased by holder for all defaults under the debenture and any other transaction document is 30%. The debenture is secured by a 1st lien, a guaranty by our subsidiary and a pledge of 4 million shares of Mr. Marmion’s series B preferred stock
Under the terms of the debenture and the related warrants, the notes and the warrants are convertible/exercisable by any holder only to the extent that the number of shares of common stock issuable pursuant to such securities, together with the number of shares of common stock owned by such holder and its affiliates (but not including shares of common stock underlying unconverted shares of the note or unexercised portions of the warrants) would not exceed 4.99% of our then outstanding common stock as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended
Subject to certain terms and conditions set forth therein, the notes are redeemable by us at a rate of 125% of the outstanding principal amount of the notes plus interest. In addition, so long as the average daily price of our common stock is below the “initial market price” (as defined) we may prepay such monthly portion due on the outstanding notes and the investors agree that no conversions will take place during such month where this option is exercised by us.
The debenture was issued with warrants to purchase up to 100,000,000 shares of our common stock at an exercise price of $0.015 per share, subject to adjustment. To the extent that the shares of common stock underlying the warrant of not registered for resale, the warrant holder may designate a "cashless exercise option." This option entitles the warrant holders to elect to receive fewer shares of common stock without paying the cash exercise price. The number of shares to be determined by a formula based on the total number of shares to which the warrant holder is entitled, the current market value of the common stock and the applicable exercise price of the warrant.
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We recorded $140,000 deferred financing costs attributed to this transaction as of March 31, 2007, to be amortized as such debts are converted to equity or over the maturity term of such debt, whichever method is more representative of the term of such debt. In addition we recorded a beneficial conversion feature value of $1,741,702 for the below market conversion rights of such debt and another $940,716 for debt discount attributed the warrants issued. The $1,741,702 of beneficial conversion rights were expensed, currently, as such debt is convertible at the option of the holder at any time.
We received $750,000 of such debt financing in March 2007 and $2,250,000 in April 2007, before financing costs. Of the $3 million gross proceeds received in the March 2007 private placement, we paid $115,000 to as a closing fee. In addition, we incurred $25,000 in legal expenses in connection with the offering. As such, our net proceeds from the March 2007 private placement were $2,860,000 at closing.
We agreed to register the secondary offering and resale of the shares issuable upon conversion of the notes, the shares issuable upon exercise of the warrants by April 16, 2007. Such registration statement was filed on April 11, 2007
We relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of the notes and the warrants.
HOUSTON, Nov. 15 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO) -- an emerging manufacturer and modifier of heating, ventilation, and air conditioning (HVAC) equipment -- today announced that CEO W.H. Marmion will be featured in an exclusive interview with http://www.wallst.net.
The interview will cover topics including the company's business model, recent achievements, key strategic initiatives, and future growth potential.
Marmion announced that it posted over $50,000.00 dollars in purchase orders for the week of October 30th through November 5th.
To listen to the interview in its entirety, please visit: http://www.wallst.net
About Marmion Industries Corporation
Marmion Air Service specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. Our reputation is based on superior equipment and service, from south Texas and Louisiana refineries to drilling rigs and chemical plants in Saudi Arabia and South America. Our products are designed for application in Petro-Chemical, Industrial, Agricultural, wastewater, pulp and paper, elect., medicine, and Aerospace. Marmion Air Service commenced operation in Texas in 1998 in residential and commercial HVAC service. The Texas Department of Licensing and Regulation -- TACLA019367C -- recognizes the company as a contractor in the field of Heat Ventilation and Air Conditioning. The company is in the process of working towards third party certifications on selected manufactured equipment.
Further information on Marmion Industries is available at: http://www.marmionair.com and http://www.microstockprofit.com
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ReleasedContributor Author§ Pages Price
2-Dec-2007§ValuEngine, Inc. N/A
Title
ValuEngine Industry Report for BUILDING MATERIALS 18 $49
Oder gehts nochmal kurz zum 13-Wochen-Tief bei 0,07 $ ;-(
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Additional Purchase Orders Anticipated During Early December
HOUSTON, Dec. 4 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO), (the 'Company') -- an emerging manufacturer and modifier of heating, ventilation, and air conditioning (HVAC) equipment -- today announced a purchase order from an existing customer valued at $106,323.58.
The company anticipates being awarded additional purchase orders in early December and will update the public on their status once agreements are finalized.
Commenting on today's news, CEO W.H. Marmion stated 'This most recent purchase order from an existing customer exemplifies our ability to develop and maintain lucrative business relationships with leading distributors and end-users of HVAC solutions. By providing a first class service and installation offering and also ramping up sales/marketing efforts to unprecedented levels of activity, we have been able to drive sales growth to new heights and exponentially improve our prospects for expansion.'
Mr. Marmion Concluded 'As we push forward with a more aggressive growth strategy, we look to 2008 with great enthusiasm and are quite optimistic in regards to what the future holds for Marmion Industries Corporation.