CFRI - Conforce International Inc - Page 366

June 1st.  Still no filing.  This little company has reverted back to their old habits...

They are really generating shareholder interest now...

Sunarf, thanks for clearing that up!   Went it didn't show up as CFRI.OB I thought maybe Nasdaq decided to reclassify it as CFRI.BS 

Doe's anyone think they have reopened the plant, or think they will tell us about it if they do.  

Maybe it will drift into obscurity like everything else

Quote:

Originally Posted by charhorse 

Doe's anyone think they have reopened the plant, or think they will tell us about it if they do.  

 

Maybe it will drift into obscurity like everything else

goodguy may have been able to stop by...... but something spooked him out and he deleted all of his posts...

I think somebody picked on him. too bad, was nice to have some eyes on the place.

Emailed Adam and received a response.  Conforce has until June 29th to file their year-end.  There's no doubt they are going to take the entire month...in my opinion.

Quote:

Originally Posted by charhorse 

I think somebody picked on him. too bad, was nice to have some eyes on the place.

I bet he got himself in trouble...or one of the employees.  He was reporting stuff from the inside...via an employee.

Quote:

Originally Posted by jake1975 

 

I bet he got himself in trouble...or one of the employees.  He was reporting stuff from the inside...via an employee.

I still periodically read the thread but with a slightly different user name.

I can tell you shortly after it was mentioned here about the HR Manager, Diane Spilmon, and her lovely past she was terminated from her employment from Conforce. This is why her picture has been removed from the Conforce website. It was also mentioned here about how they do not/did not have a local engineer in the plant trying to get these two machines up and running. Conforce obviously reads the thread as they shortly there after advertised for a local engineer. I cannot verify if they were actually able to hire one since I no longer know anyone still currently working at the plant.

The laid off employees were not called back last month. There were only a few hourly production employees remaining in the plant and a month ago some of those were also laid off. From what I'm told they hope to be recalled "sometime in August."

I do feel that Conforce has a good product with EKO-FLOR and they could probably sell a lot of it. But I'm as dumbfounded as anyone that Conforce can get this far and run into the problem of not being able to mass produce the product. The fact that it's taken this long and they still are not up and running is a good indication that they have more than a hole alignment problem. If I recall correctly, on one of their earnings statements (or what ever its called), Conforce stated they had enough cash to last through 2012. Hopefully in the next 6 months they can get everything worked out, get some orders, and start mass producing EKO-FLOR. Who knows maybe eventually the place will be up and running 24/7 as they had hoped. It would be great for you the investors and great for the local economy.
 

Thanks Goodguy....you are a real good guy.  

Producing a product is a whole different ballgame.   I suspect too that there's more than the drilling problem...but we'll never know.   I figure they are going to need to raise some more capital in the next few months.  It will be a harder to obtain than last time.  Any potential investor know can see their track record and wonder if they know what they are doing.   Those rosy projections are completely laughable now.  Don't know who will fall for that again.

CMA CGM has joined the long list of container lines who ended Q1 deep in the red. 

Despite a year-on-year 13.4% increase in volume (to 2.6 million teu) and a revenue increase of 2.6% to US$3.6 billion, the French line lost $248 million in the first three months of 2012.

Management say they have turned a corner, however, and expect to end the year in profit. 

Describing the results as “one of the best financial and operating performances in the container shipping industry”, managers blamed the overall loss on sector-wide overcapacity, low rates and increasing oil prices. 

Bunker fuel climbed to almost $720 per ton during the reporting period but has since fallen to around $650. 

A statement issued yesterday said: “Since the end of the first quarter, the market has significantly rebounded with several successful freight rates increases. On the Asia/North Europe trade, for example, the benchmark Shanghai Containerized Freight Index (SCFI) stood at $1,666 per teu as of 1 June, a 3.4-fold increase from $490 per teu in December 2011. 

“As a result, CMA CGM Group’s performance has improved sharply since the beginning of the second quarter. In particular, the group reached breakeven in terms of operating profit in April and will pursue its cost reduction plan, which will result in $400 million in savings by year-end. The group also expects to return to the black in 2012.”

08 cents!  Cmon Conforce mgmt.   Let's get it to subpenny.   We have faith in your ability to drive it into the ground.   Just keep on doing nothing and we'll be there soon.

Redwing,

We will have to wait until the 29th at 4:15(approx) to see how they are doing.  My guess is same old same old.

However, the Form 10Q for the end of Sept should be the real deal we are waiting for.

So as the song goes "See you in September" sang by he Group the Happenings(perfect)

Get ready shareholders...

The fine executives at Conforce are going to have you sub-penny very soon. 

From all the shareholders to the Conforce executives, I say thank you.  You've done a fine job.

Quote:

Originally Posted by jake1975 

Get ready shareholders...

 

The fine executives at Conforce are going to have you sub-penny very soon. 

 

From all the shareholders to the Conforce executives, I say thank you.  You've done a fine job.

6 and one half PLATINUM pennies

Well, at least Marino's shares would be worthless too...I guess he still has the terminal still.   That was a good withdrawal strategy on his part.