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rssyf CC tomorrow!!! Listen in , chart has bullishrssyf CC tomorrow!!! Listen in , chart has bullish
tonys said: "CC tomorrow!!! Listen in , chart has bullish crossover, last new release showing massive revenues coming for this hot smallcap, a double from here near term not out of the question, this stock has a bright future imho:
[url]http://www.howardgroupinc.com/news/news_rsi2.htm[/url]
[url]http://www.grouprsi.com/index.aspx[/url]
[url]http://stockcharts.com/gallery/?RS.V[/url]
[url]http://www.grouprsi.com//services/document/getdocument.axd?documentid=dc406453-18ea-4a90-9777-640e6d160284[/url]"
ladybridgeport said: "Looking at it from a 6 month history, it's too high to buy. You would have to wait for it to drop to $ 0.60 again before seeing a profile."
tonys said: "Key Business Elements Rapidly Falling Into Place
The key event this past month was the recent conference call of May 3rd with RS Technologies CEO Paul Giannelia covering events of the first quarter as well as a look into the future.
Before discussing the teleconference, we'll first comment on a news release that was issued two days later. On May 5th. RS announced (click here) that it secured an order for an "initial shipment of its RStandard™ utility poles for the Athabasca Tar Sands".
It would be very difficult to find anyone who hasn't heard of Alberta's Tar Sands based on its enormous oil reserves and the billions of dollars that are being invested in the area for new plants to enhance production from the current rate of several hundred thousand barrels per day.
While the news release doesn't say so, it is our understanding that these will be the first composite power poles in the Tar Sands! These are 60 feet in length and will be shipped "within 30 days" for "one of the largest oil sands plant operators in the Athabasca oil sands region".
For those who have been paying any attention to the ongoing development of the massive area in Northern Alberta, it has been made abundantly clear that government and industry have no choice but to spend hundreds of millions of dollars on infrastructure projects. These issues have been well publicized. Power generation is a critical element to the ongoing development of the area.
This begs the question as to what else RS is working on in regards to the Tar Sands. Unfortunately, we can provide no further comment but are hopeful that there will be additional news not too far down the road.
Now to the matter of the Q1 update teleconference. The first item on the agenda was the 2004 year-end results. There were no surprises based on the Company "transitioning from an R & D organization into commercialization". In short, RS lost $0.23 per share ($14+ million) on revenues of several hundred thousand dollars. $6 million was attributable to more than $6 million in capital expenditures and a $2 million write down on inventory and old equipment.
We use the term "no surprises" as certainly no one that we have spoken with expected anything more than a substantial loss in 2004. Based on the fact the stock actually moved up to a $1.49 from $1.25 over the past four weeks, our belief is reinforced that shareholders did not plan for anything other than what was reported.
Mr. Giannelia stated, "RS will be a cash user in Q2 and Q3 but in Q4 will be cash positive". While he wasn't more specific on expectations, we refer you to last October's webcast and conference call, where he stated that RS was a year behind its previously stated projections. At that time, the Company expected to generate approximately $23 million in sales in 2004. We feel RS is now looking to that revenue level for 2005.
As we are looking for very little in the way of revenues in Q1 and Q2, Q3 should see a marked escalation in sales and a several fold increase in Q4.
On the basis that management's expectations are realized, it is our feeling that the RS story will become very different as compared to today. No longer would there be questions about the Company's ability to sell its products and technologies. The anticipation would be focused on the organization's ability to handle what would be "stunning" growth.
In short, what shareholders have been waiting for should be in view. By mid-November, with the reporting of the Q3 results, it will become apparent if years of work are now translating into returns that all have been awaiting."
tonys said: "Resin Systems receives first order for its Version(TM) resin for application in the South Korean construction industry
5/11/05
EDMONTON, May 11, 2005 /PRNewswire-FirstCall via COMTEX/ --
Resin Systems Inc. (RS - TSX Venture / RSSYF - OTCBB), a composite materials products technology company, and its operating division, RS Technologies (collectively, "RS"), are pleased to announce that RS has received an initial order for a full container load of its proprietary Version(TM) resin from Polymate, Inc., a South Korean distributor, which resin will be used to manufacture industrial grouting pipes. RS will advise the manufacturer on RS's proprietary pultrusion process which will be implemented to manufacture the grouting pipes. After initial manufacturer re-tooling, monthly full container loads of Version(TM) resin shipments to Polymate, Inc. are scheduled to commence in October 2005. Industrial grouting pipes are commonly used in civil engineering projects such as tunnelling where they are threaded through the soil to stabilize areas surrounding tunnelways. Tunnelling is an important endeavor in South Korea where mountains make up 70% of the geography, providing accessibility to otherwise inaccessible locations.
RS understands that the industrial grout piping to be manufactured with Version(TM) resin will be used by Dae Won Soil, Construction & Engineering ("DWS"), headquartered in Seoul, South Korea, which has significant construction and engineering operations underway throughout the world. DWS specializes in state-of-the-art composite technology applications in underground support systems and soil stabilization projects and has many patented grout pipe applications using fibre-reinforced polymer and polyester resin. RS understands that DWS is making the transition to Version(TM) polyurethane resin because of its superior strength properties. For further information on DWS, visit [url]www.daewontns.co.kr[/url].
RS is a composite materials technology company, which provides engineered solutions for applications of its proprietary Version(TM) resin on a worldwide market basis. RS is also commercializing its RStandard(TM) modular composite pole for sale to power utility companies domestically and internationally. For more information on RS, visit [url]www.grouprsi.com[/url].
"Version" and "RStandard" are trademarks of Resin Systems Inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Resin Systems Inc.
Greg Pendura, President and Chief Executive Officer, Resin Systems Inc., Ph: (780) 482-1953, Fax: (780) 452-8755, Email: [email]gregp@grouprsi.com[/email], [url]www.grouprsi.com;[/url] Grant Howard, Investor Relations, The Howard Group Inc., (888) 221-0915, (403) 237-8387, [email]grant@howardgroupinc.com[/email], [url]www.howardgroupinc.com[/url] [url]http://www.prnewswire.com[/url]
Copyright (C) 2005 PR Newswire. All rights reserved."
tonys said: "this ones looking ready to make a breakout soon, look at the accumulation on the chart:
[url]http://stockcharts.com/def/servlet/SC.web?c=rs.v[/url]"