CFRI - Conforce International Inc - Page 363

This company has zero credibility again, and it's stock is treated accordingly. 

When some idiot is allowed to trade 6,000 shares for $1,170 and the change for the day is -$.002 we are more or less holding toilet paper.

Quote:

Originally Posted by thelittlet 

The difference is that the tumbleweed moves!

Conforce isn't moving.  It's more like a coma patient.  We keep talking to it, reading to it, playing music and hoping that one day it will wake up.

That's probably their next great product idea.  EKO-Toilet paper.  It saves trees.  When you wipe your ass with EKO-Toilet your ass will bleed and you'll never wipe again.

Top boxmaker’s profit down 72% in first quarter
 

China International Marine Containers (Group), the world's largest manufacturer of shipping containers, saw its first-quarter net profit fall 72 percent from a year earlier owing to continued weakness in container prices and orders, reported Dow Jones Newswires.

China International Marine said net profit for the three months ended March 31 was US$59.57 million), down from $215.63 million a year earlier.

Revenue fell 28 percent to $1.96 billion from $2.7 billion.

Well May will be here in two days. It will be interesting to see if they have resloved their production issues and call back their laid off workers. If not then this is probably more then just a retooling issue. IMO

I am afraid that the world economy has nailed this company hard. It's probably going to be at least 2 years before there will be a marked increase in global shipping and that is where Conforce is stuck. No increase in shipping = no need for the flooring.

I have to disagree. Containers  are constantly needing replaced due to damage or being worn out. It would be incorrect to assume because the economy is down that there are no containers being built. If conforce's product is superior and cost effective and they can convince prospective customers they can supply it then they should be able to sell even in a down economy. I think the problem lies either in convincing customers it's cost effective or production is the customers concern.

Seems like the guy who has to build up the plant in China isn't that interested anymore. Look his new title on linkedin:

goodguy still around?  Any movement in Indiana?

They better come out with some good news soon...this thing is heading to below $.10...again...

They better come out with some good news soon...this thing is heading to below $.10...again...

Sent an email to these addresses asking if there would be a shareholder update on the next quarterly, production or operations.  You may want to as well...

 aprior@equityny.com
 tdowns@equityny.com
 info@conforceintl.com
 investors@conforceintl.com

Quote:

Originally Posted by sunarf 

I asked them why there wasn't a CC after the last filing and this was their reply...

 

Regarding conference calls, the Company decided to suspend quarter end conference calls due to the disappointing number of participants. No decision has been made concerning the reinstatement of these calls.

 

Needless to say that didn't sit well with me, so I shot them back a little piece of my mind...

 

So the lack of participants on the last CC is OUR (the public/shareholders) fault? I'm sorry for your "disappointment", but did you ever think there might be more participation if YOU actually had something going on? The problem with your release of information is that when you do release something, it never gets followed up by anything else...just long periods of silence. Why would people want to call in to ask questions, or even just listen, if it's going to be a waste of their time to hear the same old blah blah blah?

 

By the way, what ever happened to that "extensive study" that Conforce and Bayer were supposed to put out? You said that nearly 5 months ago.That's what I'm talking about right there...you don't follow through with things. You lose credibilty and shareholder confidence when you say something's going to happen and it never does. And it's pretty obvious by the PPS that investor confidence is pretty low right now.

 

We're tired of hearing..."anticipates", "believes", "could", "estimates", "expects", "intends", "may", "projects", "plans", "targets". Until YOU start producing and selling a product, I don't think you're going to get much participation...and that's NOT OUR fault.

 

But that being said, it's still YOUR responsibilty to keep the shareholders informed on the happenings at Conforce...whether it's good or bad news.

 

I probably won't get a reply from that one. 

 

Feel free to email them and express how sorry you are that they are "disappointed".

 

At least you get a response...I got nothing.  Perhaps we all need to email them constantly for the next couple of weeks.  That's a flimsy excuse on their part and indicates, at least to me, they have zero to report and that's why there's no call.

We should know more Monday when the Form 10-Q is released.

Because this filing is their end of fiscal year they have 60 days not 45 to file 10Q. It's not due until May 30th.

Quote:

Originally Posted by jackfree 

We should know more Monday when the Form 10-Q is released.

Take last quarter and copy and paste it...that's what you are going to know this month.  They have sold nothing.  They have production problems.  Warranties, durability, and Bayer haven't even been able to get this off the ground...this thing is a flop.

I wanted to sell and move on.  No one wants my shares.

Quote:

Originally Posted by sunarf 

I asked them why there wasn't a CC after the last filing and this was their reply...

 

Regarding conference calls, the Company decided to suspend quarter end conference calls due to the disappointing number of participants. No decision has been made concerning the reinstatement of these calls.

 

Needless to say that didn't sit well with me, so I shot them back a little piece of my mind...

 

Good for you sunarf.  You've said what we're probably all thinking.  How are we supposed to come to any conclusion except that they do not know what they are doing at Conforce?  I had suggested, several times, that they start selling at cost in order to keep lines running and to establish a foothold in the trucking and shipping industries, but never received any kind of response to those comments.  It would be better to be selling some product at cost than to burn through money waiting for "the big orders".

I'm amazed that the big investors here in Toronto haven't been jumping ship and dumping shares.  They have to be ticked off about paying for trips for Marino and Michael to have drinks with engineering students overseas.

Quote:

Originally Posted by GoldenPimp 

I wanted to sell and move on.  No one wants my shares.

I thought that you were smarter than the rest of us and got out a couple of years ago,