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Commerce Planet Appoints New Company President
GOLETA, Calif., Sept. 11 /PRNewswire-FirstCall/ -- Commerce Planet, Inc. (OTC Bulletin Board: CPNE) today announced the appointment of Charles Gugliuzza as Company President. Mr. Gugliuzza had been serving as a strategic consultant to the Company since May 2005, when he was initially retained to perform an overall corporate evaluation and assessment.
Commerce Planet CEO Michael Hill stated, "Charlie has played a key role in the turnaround and success of Commerce Planet's over the past year. With his input and assistance, we've been able to achieve the financial independence necessary to control our own destiny." He added, "The expansive online arena continues to provide us with many new opportunities as we have transitioned from a traditional online reseller to a more complex model which includes Web 2.0 applications and platforms. We are excited to formally add Charlie as a valued member of our management team."
Commerce Planet President Charles Gugliuzza commented, "I too am excited to have been officially added as a member of the Commerce Planet staff. Since my arrival last year, I have witnessed Commerce Planet's evolution into a more progressive and dynamic online solutions oriented organization. Michael Hill is one of the most forward thinking executives I've encountered in my career and through his attitude, leadership and vision he has fostered an environment of free and creative thinking which is a hallmark of any successful and rapidly growing organization." He added, "Together, the entire Commerce Planet team is building a scalable brand which is rapidly ascending to the forefront of an ultra competitive and constantly evolving industry."
Mr. Gugliuzza was one of the original pioneers of internet retail. He was a co-founder of the successful online battery e-tailer, eBatts.com. Gugliuzza engineered a merger with Battery-Biz, Inc., one of the largest electronic battery manufacturers in the country and during his tenure grew the company's revenue six fold. He is a graduate of Loyola Law School of Los Angeles.
euer
goodman666
9/14/2006 7:01:22 AM ET News Release Index
Commerce Planet Surpasses 750,000 Member Milestone
GOLETA, Calif., Sept 14, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) today announced that it has surpassed the major milestone of over 750,000 paid members serviced.
Commerce Planet Chairman and CEO Michael Hill stated, "I am proud to announce that in just three short years, over 750,000 individuals at some point chose to become paying members of our offerings during that period. Early on, the original sales driver was our core offering onlinesupplier.com. Clearly our growth has accelerated with the additional successes of buydiscount.com and mysoftwaretutor.com. He added, "Now with the further additions of legacynetwork.com and osimaging.com, we are scheduled to roll out several new offerings before year's end which we believe will assist us in continuing with our top and bottom line growth."
He added, "With the recent announcement of our email deployment capabilities, we will begin to see a decrease in our marketing expenses based on internal marketing efforts. This will also give us a great growth potential to continue to increase our paid memberships and create revenue streams before we were unable to capture."
gute gewinne
euer
goodman666
auch charttechnisch präsentiert sich
die Aktie von Commerceplanet in
Höchstform. Mit dem gestrigen Anstieg
auf 1,29 Dollar erreichte der Titel
ein neues Jahreshoch. Jetzt ist mit
einem schnellen Anstieg in Richtung
1,50 zu rechnen, ehe wieder Gewinnmitnahmen
einsetzen dprften.
Für den gestrigen kräftigen Anstieg
in den USA von fast 13 Prozent gibt
es übrigens keine plausible Erklärung.
Weder gab es Neuigkeiten von Seiten
des Unternehmens noch eine Kaufempfehlung
für die Aktie. Um so besser,
denn weiterhin rechne ich täglich
mit Empfehlungen aus den USA.
Da sich der Kurs der Aktie nun über
der Marke von einem Dollar etabliert
hat, ist in naher Zukunft vielleicht
auch ein Listing an einem etablierten
Börsenplatz, etwa an der Nasdaq, angepeilt.Noch einmal zur Erinnerung: Der erste
Kauf von Commerceplanet erfolgte Anfang
Juni zum Kurs von 0,28 Euro. Mittlerweile
notiert der Wert 242 Prozent höher bei 0,96
Euro. Aber noch immer ist das Unternehmen
deutlich zu niedrig bewertet. Wäre die
Aktie nicht schon im Musterdepot, würde
ich sie zum jetzigen Kurs aufnehmen. Fair
bewertet ist Commerceplanet erst bei 2,50
Dollar oder umgerechnet knapp 2,00 Euro.
Vom jetzigen Kursniveau aus kann der Titel
also noch um rund 100 Prozent zulegen.
9/26/2006 7:01:45 AM ET News Release Index
Commerce Plant Announces the Development and Launch of MyOnlineChat.com Technologies
GOLETA, Calif., Sept 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE), announces the development and launch of MyOnlineChat.com up-sell technologies. Commerce Planet owned MyOnlineChat.com is the developer of a simulated live chat tool that offers a customizable interface allowing consumers to ask pertinent questions to an artificial intelligence based "live chat bot."
This live chat system allows a merchant to customize responses based upon the consumer's expressed areas of interest. The tool intelligently matches the most qualified pre-set response to the consumer's question. This tool can dramatically increase conversion rates on core products or ancillary up-sell services.
Commerce Planet President Charlie Gugliuzza stated that, "our in-house team of programmers developed this technology to assist in converting non-buyer exit traffic into product sales. We have successfully implemented My Online Chat into our websites and have seen an increase in conversions."
Now that the product has been successfully tested through internal use, Commerce Planet will begin offering this product for use by third party merchants. Commerce Planet anticipates that My Online Chat will be offered on a cost per acquisition basis at price points between $5.00 and $20.00 depending on the complexity and nature of the sale.
...die sind wirklich clever!
euer goodman666
9/28/2006 7:00:57 AM ET News Release Index
Commerce Plant Launches SearchDiscount.com Through a Strategic Relationship With PriceGrabber.com
GOLETA, Calif., Sept 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) announces the launch of SearchDiscount.com, a customized comparison shopping service powered by PriceGrabber.com. By forming a strategic partnership with PriceGrabber.com., one of the premier names in the online comparison shopping sector, Commerce Planet is able to offer valuable product pricing data, vendor data and product reviews to their customers. This product content will provide Commerce Planet BuyDiscount.com users an enhanced shopping experience.
Commerce Planet, CEO Michael Hill stated, "We are pleased to offer our customers access to such a valuable service that will allow them to intelligently purchase and save on thousands of retail products. It is such a positive experience when we as a company can enhance the monetary value of our existing customer base, while simultaneously offering our customers added value to ensure they are receiving the best possible prices."
euer
goodman666
9/28/2006 7:00:57 AM ET News Release Index
Commerce Plant Launches SearchDiscount.com Through a Strategic Relationship With PriceGrabber.com
GOLETA, Calif., Sept 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) announces the launch of SearchDiscount.com, a customized comparison shopping service powered by PriceGrabber.com. By forming a strategic partnership with PriceGrabber.com., one of the premier names in the online comparison shopping sector, Commerce Planet is able to offer valuable product pricing data, vendor data and product reviews to their customers. This product content will provide Commerce Planet BuyDiscount.com users an enhanced shopping experience.
Commerce Planet, CEO Michael Hill stated, "We are pleased to offer our customers access to such a valuable service that will allow them to intelligently purchase and save on thousands of retail products. It is such a positive experience when we as a company can enhance the monetary value of our existing customer base, while simultaneously offering our customers added value to ensure they are receiving the best possible prices."
euer
goodman666
Käufe aus den USA die Aktie von
Commerceplanet bis auf über 1,40
Dollar nach oben gezogen, ehe die
Aktie wieder leicht korrigierte.
Obwohl wir uns in der vergangenen
Woche von etwa einem Drittel
der Gesamtposition getrennt haben,
bleibt Commerceplanet die mit Abstand
größte Position im maydornreport-
Musterdepot. Und das nicht ohne
Grund: Die Bewertung mit einem
2007er-KGV von 5 ist weiterhin ausgespochen
niedrig, der Aufwärtstrend
der Aktie ist weiterhin voll intakt und
vom Unternehmen kommen durchweg
gute Nachrichten. In der letzten
Woche gab man bekannt, mit der Vermarktung
von der Diskussionsplattform
"MyOnlineChat" zu beginnen, die
eine schnelle, einfache und optimierte
Kommunikation zwischen Verkäufer
und Kunden ermöglicht.... insbesondere unser Depotschwergewicht
Commerceplanet wies schon
leichte Überhitzungserscheinungen auf,
als der Kurs in den USA auf zeitweise über
1,40 Dollar kletterte. Mittlerweile notiert
die Aktie wieder rund zehn Prozent tiefer.
Aber interessanterweise wurde der letzte
Kursschub der Aktie in den USA ausgelöst.
Hier scheinen nun tatsächlich immer mehr
Anleger die Qualität und die immer noch
vorhandene Unterbewertung der Aktie zu
entdecken. Weiterhin gilt für alle neuen
Leser des maydornreports, die noch keine
Commerceplanet im Depot haben: Kaufen
Sie, solange Sie diese Aktie noch vergleichsweise
günstig bekommen. Es würde mich
nicht wundern, wenn der Kurs zum Jahresende
bei 2,50 Dollar oder umgerechnet
knapp 2,00 Euro notiert.
10/3/2006 2:00 AM ET News Release Index
Commerce Planet's Legacy Media Announces Growth in Profits
GOLETA, Calif., Oct 03, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) subsidiary Legacy Media, Inc. today announced a doubling of month-over-month profits.
Legacy Media President Aaron Gravitz stated, "results have surpassed expectations. Profits for August have nearly doubled over July's and this is just the beginning. In our short time of operation, www.legacynetwork.com already has over 100 affiliate partners who have signed up to promote our offers. These affiliates have a reach to millions of individual consumers. I am excited to see our plan of implementation working and coming to fruition. In the coming months we will be launching several new products through the Legacy Network. It is exciting to see the power of Legacy's existing network of publishers. We are simply able to plug in new offers and see instant results."
Commerce Planet, Inc. CEO Michael Hill stated, "within two months since the launch of our media platform, we are seeing an overwhelming response." He further added, "it is rewarding to see the development of our network grow at such an explosive pace and to see immediate results."
euer goodman666
10/4/2006 2:00 AM ET News Release Index
OS Imaging, Inc., a Wholly Owned Subsidiary of Commerce Planet Launches Two E-Commerce Enabled Printing Websites
GOLETA, Calif., Oct 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) wholly owned subsidiary OS Imaging, Inc. deploys two e-commerce enabled websites. The websites, www.BuyDiscountPrinting.com and www.DesignitPrintitMailit.com are for retail and commercial use respectively. Each site allows the user to design their own projects and instantaneously place their orders with real-time processing. The site's easy to use interface provides for the customization of personal and corporate business cards, envelopes, letterhead, brochures and much more. Orders can be placed online and seamlessly loaded into the OS Imaging production work schedule for printing, billing and shipment. The transaction can be completed with a click of a button processing payment and delivering the print material directly to the user's door.
OS Imaging President Mike Vazquez commented that, "these websites will allow us to process thousands of orders without the need for order entry based customer service. The customer can browse and customize printable materials by choosing from thousands of products and options designed 100% to their specifications and personal satisfaction."
These two websites position OS Imaging as a national printing and fulfillment house. The reach of the internet is boundless. OS Imaging will immediately begin an aggressive marketing campaign to increase Company site awareness and generate direct sales by leveraging their existing customer relationships.
...das muss ich mir mal anschauen.
euer
goodman666
10/5/2006 7:00 AM ET News Release Index
Commerce Planet Announces the Acquisition of Interaccurate, Inc. Software Development Company
GOLETA, Calif., Oct 05, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) successfully closes the acquisition of Interaccurate, Inc. a software development and online hosting Company.
Interaccurate, Inc. is a state of the art data center/colocation facility and has been a primary developer for Commerce Planet's outsourced software needs. Interaccurate has assisted with the creation of Commerce Planet's underlying technologies for www.MyOnlineChat.com, WebBuilder, DatIntel and other critical marketing and sales tools. This acquisition provides Commerce Planet with an arsenal or intellectual property tools to further increase their operational effectiveness.
President Charlie Gugliuzza stated, "[F]irst by completing this acquisition we will see an immediate impact to our bottom line. Interaccurate was the provider for WebBuilder, the software product basis for our top performing product www.OnlineSupplier.com. This acquisition will eliminate the licensing and hosting fees previously paid to Interaccurate. Second, this acquisition dramatically supplements our programming capabilities and decreases our reliance on yet another third party service provider. Commerce Planet is well on its way to achieving complete operational independence. Finally, we expect to see new revenue streams develop by leveraging Commerce Planet's existing customer base with Interaccurate's software technologies and development capabilities."
The Interaccurate acquisition was successfully completed on October 3, 2006. In addition to acquiring software intellectual property, the Company will also take possession of the web hosting facility that currently processes Commerce Planet's online traffic.
About Interaccurate, Inc.
Company Profile
Interaccurate, through its years of industry programming experience and support of Commerce Planet operations has internally developed a myriad of marketing software tools that have contributed to their clients' success. This intellectual property provides Interaccurate and its supported affiliates with unparalleled advantages in the sales and marketing arena.
Software Products Profile
Web Builder
Web Builder is proprietary software that allows its users to build template based e-commerce solutions. These template based solutions can include websites for retail, finance, health, travel and other online revenue producing market segments. Once the template is established, the web builder prompts a consumer through a series of custom setup options assisting them in the establishment of their website. Consumers can customize the layout, colors, text and product offering of the site.
DatIntel
DatIntel is an exciting new product developed by Interaccurate. This product harnesses the power of data line communication and transforms it into a powerful automated selling vehicle. Client customers and affiliates are exposed to special offers and services through an automated calling system that thanks the consumer for their previous order, confirms the details of that order and through the use of an automatic teleprompt system offers complimentary products and services.
...der kurs in D zieht auch wieder an - denke im ami-land wird sie wieder steil nach oben streben!!!
...wünsche uns allen heute einen schönen raktenflug!!!!!
euer
goodman666
Unterstützt von guten Nachrichten
erreichte unser Depotschwergewicht
Commerceplanet ein neues Jahreshoch
und hat dabei auch gleich den
charttechnischen Widerstand bei 1,50
Dollar nach oben durchbrochen. Am
vergangenen Donnerstag gab das Unternehmen
zunächst eine strategische
Partnerschaft mit dem Preisvergleich-
Portal PriceGrabber.com bekannt. Am
Dienstag teilte Commerceplanet-Chef
Michael Hill dann mit, dass sich die
Gewinne der erst vor zwei Monaten
ins Leben gerufenen Media-Plattform
„Legacy Media“ im Vergleich zum Vormonat
verdoppelt haben.
Gestern dann schließlich wurde
die Erweiterung des Angebotes der
Tochterfirma "OS Imaging" bekannt
gegeben. Commerceplanet feuert
derzeit wirklich aus alles Rohren. Die
Entwicklung des Aktienkurses steht
dem um nichts nach.euer goodman666
Eigentlich kaum zu glauben: Auch nach dem erneuten Höhenflug in der vergangenen Woche zeigt die Aktie von Commerceplanet keine Schwäche,sondern hält ihr hohes Niveau.Während kurz- frisitg nun tatsächlich einmal mit Abschlägen gerechnet
werden muss, hat die Aktie mittel- und langfrisitg noch immer jede Menge Luft nach oben.Ende letzter Woche gab es erneut positive News von Commerceplanet:
Man hat die Akquisition von "Interaccurate" bekanntgegeben, einem Softwareentwickler und Webhoster. Damit setzt Commerceplanet konsequent seine Wachstumsstrategie fort.
Da sich die Aktie nun nachhaltig über der Marke von einem Dollar etabliert hat, könnte in absehbarer Zeit auch ein Listing an einer etablierten Börse, etwa der Nasdaq, angestrebt werden.
euer goodman666
Commerce Planet, Inc. Conducts Their Annual Shareholder Meeting Tuesday, October 10, 2006
GOLETA, Calif., Oct 10, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) successfully conducted their annual shareholder meeting Tuesday, October 10, 2006. The only topic of business was the election of the board members, Michael Hill, Dave Foucar and Charlie Gugliuzza. All members were successfully elected. After the close of the meeting President Charlie Gugliuzza conducted a brief presentation regarding the Company's past performance. Visit www.commerceplanet.com/shareholderpresentation to view the contents of the presentation.
...mittlerweile ist commerceplanet schuldenfrei! hat bereits 5 mio usd schuldentilgung dieses jahr betrieben...
...der gestrige kursrutsch lädt nun wirklich wieder zum kaufen ein!!!!
euer
goodman666
..leider jetzt nur die hauptaussage, da er in seiner neuesten update-ausgabe irgendeinen kopierschutz eingebaut hat...
Fragen:
Was ist los bei Commerceplanet?
Was machen Sie?
Soll man jetzt verkaufen?
Antworten auf diese Fragen:
NICHTS, NICHTS und NEIN
...nach meinen heutigen nachkäufen rennt sie mittlerweile wieder nach oben! das leben kann manchmal richtig einfach sein.
euer goodman666
10/11/2006 7:00 AM ET News Release Index
Commerce Planet, Inc. and Datascension, Inc. Jointly Announce the Opening of the Consumer Loyalty Group Owned, Costa Rican Call Center
GOLETA, Calif., Oct 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE), owned Consumer Loyalty Group, Inc. (CLG) and Datascension, Inc. (OTC Bulletin Board: DSEN) executed an agreement that will enable CLG to open their own state of the art call center scheduled to launch November 27, 2006. The call center will be utilized to support CLG customer service and sales efforts at dramatically lowered costs in comparison to their U.S. based counterparts. An additional benefit to the cost savings is the highly developed and well educated Costa Rican labor pool that CLG will have access to in support of their campaigns. The combination of cost savings and elevated labor resources will allow CLG to launch higher end sales and support initiatives that generate increased revenue and profits.
Through a cost plus partnership with Datascension, CLG will enjoy the existing benefits of Datascension's business experience and well developed infrastructure. CLG will realize significant savings by leveraging Datascension's already well established facilities, technologies and business relationships.
Commerce Planet President Charlie Gugliuzza stated, "[A]fter researching and working with several multi-national offshore based centers I have never seen such an impressive, technologically advanced and well run call floor. The equipment utilized in the facility is of the highest quality allowing for maximized efficiencies and results. The management team is well versed within their industry. Datascension's working rapport with the Costa Rican people is highly impressive. The employees truly enjoy and value their positions within the organization and this is illustrated by their performance results."
Datascension President and CEO Scott Kincer remarked, "[T]his is truly a win, win partnership for both our Companies. We are able to implement a new revenue model, while simultaneously gaining operational cost savings through a synergistic relationship that leverages the use of our existing infrastructure. This partnership should generate increased revenues and profits for both Companies. We are excited about the magnified growth potential this opportunity presents. This scalable model allows for almost unlimited growth supported by the entrepreneurial spirit and hard work ethic of the Costa Rican people."
Datascension and Commerce Planet have a long standing business relationship. Datascension currently operates one of the largest call centers in Costa Rica and is one of the Country's largest employers. They possess years of call center operational experience and have long standing ties with Costa Rica and their government agencies. Their existing facility is located in the Mall of San Pedro, next to the Ciudad Universitaria where they are able to attract well educated, English fluent applicants.
euer
goodman666
Founded August 2003
Primary business focus- media services
Publicly traded January 2004
Revenue growth (in millions)
$0.8 in 2003
$6.7 in 2004
$7.4 in 2005
$7.1 in Q2’06
Over 770,000 members serviced to date
Commerce Planet rebrand in June 2006
47 Million Outstanding Shares**
$79.76 Million Market Cap*
$5 Million Debt Reduction ($0 remains)**
$7 Million Cash Generated in 2006**
$3 Million Cash On Hand**
euer goodman666
Die in der letzten Ausgabe an dieser Stelle angekündigte Korrektur bei Commerceplanet kam überraschend
schnell, viel ebenso überraschend heftig aus und war nicht weniger überraschend schnell wieder beendet. Nun ist wieder Ruhe eingekehrt und mit der nächsten Überraschung ist wohl
erst wieder mit der Bekanntgabe der nächsten Quartalszahlen zu rechnen. Zu erwarten sind die Zahlen wohl Ende
Oktober. Ein Ergebnis im Rahmen meiner Schätzungen von neun Millionen Dollar Umsatz und einem Gewinn von 0,06 Dollar pro Aktie sollte den Kurs erneut beflügeln, denn so optimistisch
dürften nicht viele Schätzungen sein. Wobei es gar keine offiziellen Schätzungen gibt, weil sich (noch) kein
namhafter Analyst mit der Aktie beschäftigt.Das dürfte sich aber in nicht allzu ferner Zeit ändern.
euer
goodman666
meinem liebling - denke heute ist wieder ein sl-welle ausgelöst worden. schöne nachkaufchance unter € 1,-.
...als nächste news wird der Q3-bericht erwartet, der die fahrstuhlrichtung wieder umkehren wird!
euer
goodman666
Commerce Planet, Inc. (OTCBB: CPNE): Giving us another "BUY" opportunity.
CPNE continues to trade within its upward trend channel, giving an indication that this latest dip was nothing more than that, 'a dip'. Clearly remaining in a defined channel, CPNE give us a great risk/reward trade here. using $1.40 as a stop, and $2.00 as our target, we have a risk/reward ration of 5 to 1 (Risk a dime to make half a buck).
CPNE has traded very predictably since late July. We have no reason to believe the trend has changed
euer goodman666
eFund, L.L.C. owns 9,501,250 shares and they are selling a portion of their position on a monthly basis.
Also Todd Hill who is probably Michael Hill's brother is selling some shares.
October 9, 2006 Efund Capital Partners L L C Planned Sale 150,903>
September 27, 2006 Hill Todd S Planned Sale 455,000
September 8, 2006 Efund Capital Partners L L C Planned Sale 263,043
Since these Venture guys are all paid off, they have no reason to hold all their shares. So they sell on a monthly basis. With a float of 45.6 million shares, Efund LLC & Dutchess Capital own roughly 29.47% of the float.
Dutchess Capital Management, L.L.C. 3,937,250
Evans (Barrett) 6,777
Hill (Michael) 8,040,000
Leighton (Douglas) 300,000
Novielli (Michael A) 300,000
Smith (Theodore) 303,990
eFund, L.L.C. 9,501,250
Bottom Line if these guys sell a large block on a low volume day, look out. However as more investors discover CPNE, the float will be absorbed into stronger hands.
By the way, if you are familiar with Candlestick charting, todays action looks to me like the hammer pattern. (A Bullish bottom)
Enjoy Your Weekend
Skip in Tampa
euer goodman666
10/20/2006 12:20 PM ET News Release Index
Commerce Planet, Inc. Goes International, October 20, 2006
GOLETA, Calif., Oct 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) owned Consumer Loyalty Group (CLG) announces the launch of its products internationally. The first CLG product to open its doors on a global level is www.onlinesupplier.com. The decision was made to expand CLG marketing and fulfillment efforts internationally in response to existing international traffic that was naturally locating the CLG owned websites. In support of international customer acquisition, specific marketing campaigns are planned for Canada, South America and Europe.
Michael Hill, CEO stated, "this was a logical step in the evolution of our Company. We anticipate similar sales conversion results for the Onlinesupplier product, as experienced with U.S based consumers. In addition, we believe our customer acquisition costs for international traffic will be lower than their U.S. based counterparts due to a lack of competing products within this market space. We are truly excited with this expansion in our business model and can't wait to see the impact on our financial growth."
The European market is relatively untapped with regards to CLG consumer loyalty based products. Additional international product launches are planned for implementation over the upcoming quarter. This milestone within the Company's history marks the beginning of a new era in growth, with the targeted international market populations numbering over 1.1 billion people (source www.Wikipedia.com, October 19, 2006), nearly tripling CLG's existing potential customer reach.
The company anticipates filing its quarterly results in the beginning of November and expects growth quarter over quarter
euer goodman666
October 21, 2006
Volume VII, Issue 83
Home Page : www.otcjournal.com
Email Questions or Comments To: editor@otcjournal.com
To OTC Journal Members:
What's Wrong With Commerce Planet (OTC BB: CPNE)?
Commerce Planet- the stock that has been so hot it left orbit this year- our triple since the last earnings release has been a mess these last couple of days.
I know what you're thinking. The stock was $1.80 two weeks ago, and today actually traded below $1 for a brief moment in time. Why? - The company delivered a stellar earnings report in the June quarter, and since releasing the earnings on August 3rd, the stock had more than tripled in price.
Here's what you're thinking- what's wrong with Commerce Planet? What does someone know that I don't know? Why has the stock been flushed down the proverbial toilet of late? Is the company's business derailed in some way?
All good questions, and questions any sane investor would be asking after the drubbing we have taken in the last two weeks. There are two components to the answer- the fundamental side and the technical side. Let's start with the fundamental side.
I have checked all my channels to see if anyone know of any reason this company is not continuing on its current path. All indications are the company is not derailed in any way. It's a growing business as usual.
If fact, CPNE issued a press release on Friday concerning a move to international growth, and the following statement was included at the end:
"The company anticipates filing its quarterly results in the beginning of November and expects growth quarter over quarter."
In its way, CPNE was letting the market know there has been no fundamental change- the company is continuing on its current path. Here's a little history:
Q1 of 'o6: $3,932,343 in revenues, $194,380 in net profits- less than $.01 per share.
Q2 of '06: $7,086,818 in revenues, $1,460,117 in net profits: $.04 per share in earnings
Growth from Q1 to Q2 was basically astounding, and the stock responded in kind by making nearly a 10 fold run from the March low of $.19 to the October high of $1.80. Not a bad start.
Here's something you could only learn if you dug into the SEC filings and understood the significance. In the June quarter, CPNE paid off all its debt- the company now has a totally clean balance sheet and cash is building. They paid off their debt very early- in fact years early. In return for paying off its debt, the company paid a $1 million, one time fee.
Therefore, since the company does not have to make the same kind of payment in Q3, zero growth should deliver about $2.4 million in earnings, or about $.05 for the quarter. This assumes margins remain the same.
On the slightly negative side, quarter to quarter comparisons will definitely not be as strong as Q1 to Q2- Q3 is a seasonally weaker time of year for the company. However, based on Friday's news, we know they will report growth.
I believe the market will like the Q3 numbers. I believe they will come in fairly robust. Does this guarantee the stock will go up? No- the market is not always efficient or logical.
Now, let's look at the technical side.
During high stress moves like this it often makes sense to look at the bigger picture. In the case of CPNE, I have been presenting fairly short term looks at Fibonacci retracement levels. Let's take a slightly longer term perspective.
The behavior of this stock changed quite dramatically when the company announced its Q2 earnings on August 3rd. That's when the stock really started to charge up the charts. It moved from $.50 to $.70 on the first day, took a brief breather, then headed further north.
If you draw the 61.8% retracement from the beginning of the rebirth of the stock in early August, you learn that the uptrend really remains intact. We're only going back 2 1/2 months, but it was a pivotal moment in time. As it turns out, the perfect 61.8% retracement for this stock is $.998. Readers know I love 61.8% retracements as ideal low risk entry points for stocks on the move.
In my view, Friday's action was extremely important. The stock made a low of $.97, within $.02 of the perfect retracement, and rebounded to close at $1.14. Equally important to the price was the volume. In terms of dollars changing hands, it was the highest volume day in the stock's history. In August it traded about 2.5 million shares, but that was at the $.50 level. Yesterday it traded over 1.7 million around $1- many more dollars changed hands. Friday was total capitulation day.
Some shareholder was the catalyst for the drubbing. I have checked with everyone I know associated with the company, including the CEO, and no one has any idea who owned enough shares to get this sell off started.
So, back to the key question we are addressing. Is the stock selling off because someone knows something we don't know? or did someone sell for reasons unrelated to the company?
I don't know for sure. I do know that people often sell stocks for many reasons. Perhaps some fund manager had redemptions or margin calls, and was forced to sell. Perhaps someone with a lot of stock needed the money to buy a house. I just don't know.
I am certain once the stock started dropping, there were many "momentum" traders who sold just because the stock was going down. It became a selling frenzy. That's why Friday's volume was so important- it signaled what I hope was exhaustion of the selling, and buyers wrestling back control.
In my view next week is technically critical. If this stock wants to head back down and trade down into the $.90 range or lower, all bets are off. As far as I am concerned, it will all be over for now. However, if it firms or drifts up, it will be a strong indicator Friday's sell off was a great buying opportunity.
Here's the last question many of you have asked: Do I still have a $2 price target on the stock for this year? The answer is a definite maybe. While this correction certainly sets the bar a bit higher, this stock could easily rebound and find $2 in the traditional Santa Claus rally. I will withhold final judgment until Q3 earnings come out.
In case you are wondering, I did speak with CEO Mike Hill on Friday. I can't share everything I learned, but I can tell you he wants investors to know the company is still on track to deliver growth.
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goodman666