A0ER7X, Fundamental das 10-fache wert, Cardinal Com. - 500 Beiträge pro Seite

[BIOMIRA]

Share related items
Market cap: $ 3.05M
Shares out: 534.57M

http://www.marketwatch.com/tools/quotes/profile.asp?siteid=b…

Cardinal Communications Reports $9.9 Million Third Quarter Revenue
MONDAY, NOVEMBER 20, 2006 6:01 PM
- PR Newswire

CDNC
0.0057 -0.0003 News


Enter Symbol:


Enter Keyword:



BROOMFIELD, Colo., Nov 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cardinal Communications, Inc. (CDNC) , a diversified provider of bundled digital communications and video-on-demand services, and a specialized developer of residential real estate, reported financial results for the third quarter ended September 30, 2006.

Cardinal Communications continues its tremendous strides with record third quarter revenue increases of 96 percent to $9.9 million versus revenue of $5.1 million in the third quarter of 2005. Loss from operations was $690 thousand versus a loss from operations of $1.84 million in the third quarter a year ago. Net loss from continuing operations was $894 thousand, or $0.002 per share, versus a net loss from continuing operations of $2.35 million, or $0.009 per share, in the comparable year-ago quarter.

Despite current real estate market trends, our sales increased significantly during the third quarter as compared to the year-ago period. In addition to the revenue increases, our overall operating expenses decreased as compared to the prior year quarter by approximately $1.8mm, representing a 55% reduction. As a percentage of revenue, our operating expense was 15% for the third quarter of 2006 as compared to 64% for the third quarter of 2005. This is a result of the cost reduction actions taken by Cardinal Communications in 2006 and by the significantly increased revenues during the quarter.

Management continues its commitment to increasing revenue, streamlining operations and achieving improved financial performance. We continue to pursue huge strides towards the goal of increasing shareholder value.

About Cardinal Communications, Inc.

Cardinal Communications operates a suite of vertically integrated businesses that provide both bundled digital communications services (voice, video, video-on-demand and high-speed Internet) and high-quality real estate to the residential marketplace. The Company's expertise in communication infrastructure and turnkey residential development allows Cardinal to capitalize on growing demand among homebuyers for modern residences that are pre-equipped with a range of digital communications options. The Company is also partnering with other developers that seek Cardinal's expertise in designing, building and operating residential communication networks that will deliver long-term revenue opportunities. Based in Broomfield, Colo., publicly traded Cardinal trades on the Bulletin Board under the symbol "CDNC." For more information, visit the Company's corporate website at www.cardinalcomms.com





0,06 usd ist die aktie wert.


gruß
biom

[BIOMIRA]

natürlich nur im amiland kaufen und verkaufen

bei consors wkn A0ER7X und dann Handelsplatz 50 NYS US Börsen

[BIOMIRA]

aktuelle MK

Share related items
Market cap: $ 2.99M
Shares out: 534.57M

umsatz 9,9 M
das komplette jahr schätze ich auf 12 M

somit sollte müßte die MK auf höhe jahresumsatz klettern.

link

http://www.marketwatch.com/tools/quotes/profile.asp?siteid=b…

[sliverin]

Antwort auf Beitrag Nr.: 25.989.564 von BIOMIRA am 07.12.06 09:17:20

Umsatzanstieg sieht ganz gut, mann muss aber bedenken das es immer noch hohe Verluste gibt und die müssen bezahlt werden.

Klar sieht es danach aus als würden sie in zwei bis drei Quartalen break even rauskommen aber darauf kann man sich nicht immer verlassen.

(Kannte mal eine Aktie die hatte ähnliche kennzahlen, die hat es aber bis heute nicht geschafft zum Gewinn zu kommen trotz weiterhin steigender umsatze.was der kurs gemacht hat kann man sich erdenken.ich glaube so minus 60%)

Das muss hier aber nicht so sein. Immerhin kanns schnell mal bis 2-5 cent gehen wenn die richtigen Leute die Aktie sehen.

[BIOMIRA]

danke

[BIOMIRA]

Antwort auf Beitrag Nr.: 25.991.722 von sliverin am 07.12.06 10:56:29

kannst du mal deine meinung dazu sagen DANKE


Form 10QSB/A for CARDINAL COMMUNICATIONS, INC

6-Dec-2006

Quarterly Report


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following information should be read in conjunction with the consolidated financial statements, including the notes thereto, included elsewhere in this Form 10-QSB, and the Management's Discussion and Analysis of Financial Condition and Results of Operations included in our 2005 Annual Report on Form 10-KSB filed with the Securities and Exchange Commission.

Forward-Looking Statements and Associated Risks

This report contains forward-looking statements, including statements regarding, among other things, (a) our growth strategies, (b) anticipated trends in our industry, (c) our future financing plans and (d) our ability to obtain financing and continue operations. In addition, when used in this filing, the words "believes," "anticipates," "intends," "in anticipation of," and similar words are intended to identify certain forward-looking statements. These forward-looking statements are based on our expectations and are subject to a number of risks and uncertainties, many of which are beyond our control. Actual results could differ materially from these forward-looking statements as a result of changes in trends in the economy and our industry, reductions in the availability of financing and other factors. In light of these risks and uncertainties, the forward-looking statements contained in this report may not occur. Except to fulfill our obligation under the United States securities laws, we do not undertake any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.

Overview of Our Business

Cardinal Communications, Inc is a "Developer of Connected Communities," as such; we design, construct, and operate diversified communication systems. The systems include voice, video, internet, wireless, and video-on-demand services to customers in multiple dwelling units (MDU), newly constructed housing developments, commercial properties, and the hospitality industry. One of our divisions builds residential and commercial properties, insuring a steady stream of telecommunication customers. Another of our divisions concentrates on selling "land line" services on a prepaid basis. Our growth strategy includes obtaining as many telecommunications customers as we can. We intend to grow our customer base through internal growth whenever possible, but we may acquire customers by acquiring related businesses or properties. If operational cash flow is insufficient to fund this growth, we will attempt to raise capital throughout the year.

Correction of an Error in Previously Issued Financial Statements

We determined there was an accounting error recording sales when we still had obligations. In this error, we recognized $2,041,670 in sales for December 31, 2005 and $380,000 in sales for March 31, 2006. Accordingly, certain historical transactions have been reclassified on the financial statements as of March 31, 2006 (restated). To correct this error, we have restated our previously filed quarterly financial statements for the quarter ended June 30, 2005, the quarter ended September 30, 2005, the previously filed financial statements of and for the year ended December 31, 2005, and our previously filed quarterly financial statements for the first quarter of 2006.

Certain Relationships and Related Transactions

We have certain debt owed to individuals and/or entities that are considered to
be related parties for SEC reporting purposes.

The following table sets forth the individual amounts totaling $4,622,273 due as
of March 31, 2006 to related parties, and entities:

Name and Relationship Amount Interest Rate Due Date
Byron Young, Director and Shareholder $ 1,000 0 % None
Ed Buckmaster (1) 150,000 0 % None
Jeffrey Fiebig, Director and Shareholder 120,640 16 % Dec '06
Thunderbird Management Limited
Partnership, Shareholder 2,500,682 12 % Mar '11
Bob Searls, Director and Shareholder (2) 808,102 6 % May '33
Jantaq, Inc. (3) 303,058 0 % *
Investors and/or Partners in Sovereign Oct '06 -
Partners as a group 738,791 4-12 % June '28

Total $ 4,622,273


(1) The general partner of AEJM Enterprises Limited Partnership, Ed Buckmaster is a shareholder of the Company and Ed Garneau's father-in-law.

(2) Mr. Searls is also the general partner of Searls Family LLLP which is a shareholder of the Company.

(3) A principal of Jantaq, Inc. John Weisman is the brother of one of our directors, David Weisman

(*) This debt is currently due and is being negotiated.

Segment Information

We have two reportable segments: communications services and real estate activities. Communications services include individual, voice, video and data services as well as various combinations of bundled packages of these communications services. Real estate activities include sales of residential single family units, rental from commercial properties and fees from mortgage operations.

The accounting policies of the segments are the same as those described in the summary of critical accounting policies. Our business is conducted through separate legal entities. Each entity is managed separately as each business has a distinct customer base and requires different strategic and marketing efforts. The following table reflects the income statement and balance sheet information for each of the reporting segments:

Real Estate Communications Corporate Total

Revenue $ 3,352,487 $ 1,643,995 $ - $ 4,996,482
Comprehensive Net (Loss) (288,299 ) (339,850 ) (1,484,285 ) (2,112,434 )
Interest (Expense) (213,562 ) (179 ) (227,739 ) (441,481 )
Depreciation and Amortization 96,034 100,314 71,817 268,165
Assets 52,724,100 2,988,787 9,743,205 65,456,091


Current Sovereign Projects

Mountain View at West T-Bone Ranch, Greeley, Colorado

Mountain View at West T-Bone Ranch is a 21 acre multi-dwelling unit development located in southwest Greeley, Colorado with onsite amenities including a clubhouse with pool, hot tub, and fitness room. The completed project will have 215 units consisting of two-story flats with detached garages, along with 7-unit and 4-unit townhomes with attached garages. To date, 90 units have been sold with an average sale price of $138,890.

The Renaissance at Fox Hill, Greeley, Colorado

The Renaissance at Fox Hill is a 13 acre multi-dwelling unit development located in Greeley, Colorado. The completed project will contain 123 dwelling units consisting of two story stacked flats/carriage units with direct access garages and 4-unit townhomes with attached garages. To date, 48 units have been sold with an average sale price of $183,804.

Colony Ridge Condominiums, (Settler's Chase) Thornton, Colorado

The Colony Ridge Condominiums are a mix of 4 three-story stacked flats over one level of underground parking with elevators, and 98 townhome-style residences on an 11.65 acre parcel in Thornton, Colorado. Colony Ridge at Settler's Chase is the final phase in the master planned community of Settler's Chase, located in Thornton, Colorado. To date, 26 units have been sold with an average sale price of $181,121.

SR Condominiums, Parker, Colorado

The SR Condominiums are a mix of two and three story stacked flats with detached garages marketed as Hunter's Chase Condominiums in Parker, Colorado. The completed project will include 188 dwelling units situated on a 13 acre parcel and includes a clubhouse featuring an outdoor swimming pool and spa. To date, 26 units have been sold with an average sale price of $155,479.

Millstone at Clear Creek, Golden, Colorado

The Millstone at Clear Creek consists of three four-story condominium buildings each with a ground level parking structure located on an approximately 1.7 acre parcel in Golden, Colorado. The completed project will have 78 dwelling units. To date, 43 units have been contracted for with an average sale price of $292,232.

Sovereign Pumpkin Ridge, Greeley, Colorado

The Pumpkin Ridge development consists of 78 lots in the Pumpkin Ridge subdivision located in west Greeley, Colorado. The plan is to build single and two-story single family detached residences on each of the lots. To date, 17 units have been sold with an average sale price of $264,127

Settler's Commercial Development, Thornton, Colorado

Settler's Commercial Development is the commercial/retail component of a master planned community. This 3.8 acre parcel is the final phase of the Settler's Chase subdivision to be developed and is located in Thornton, Colorado. Building construction began in December 2005, with delivery of space scheduled for summer 2006. 3 Margaritas Restaurants will anchor the site and negotiations with other tenants are ongoing.

Sovereign Parker Commercial, Parker, Colorado

Parker Commercial consists of 18.5 undeveloped commercial acres located within the downtown core of Parker, Colorado. This property is currently on the market for approximately $3.5 million.

Legacy of Shorewood, Shorewood (Milwaukee), Wisconsin

Legacy of Shorewood is a 40 unit condominium project in the Village of Shorewood, a suburb of Milwaukee. It is a single building, converted from its prior use as an assisted living facility, renovated and rebuilt into 40 individual condominiums. It is a 4-story structure with underground parking and elevator access. To date, 24 units have been sold with an average sales price of $231,234.

Riverplace Condominiums, Rochester, Minnesota

Riverplace Condominiums consists of 4 undeveloped commercial acres of land on the Zumbro River in Rochester, Minnesota. This property sold for $950,000 on May 3, 2006.

Stonegate Summit, Rochester, Minnesota

Stonegate Summit consists of approximately 20 acres of land on top of a hill in Rochester, Minnesota. 155 townhome and condominium units are planned for the site. Initial site grading has commenced, but infrastructure work is currently on-hold pending acceptable construction financing.

El Rio Country Club, Arizona

El Rio consists of approximately 640 acres of land dedicated to a gated community anchored by an 18-hole golf course. Sovereign Homes has been named one of the Preferred Builders for the 1600-home, master planned community project in northwest Arizona's Mojave Valley.

Going Concern

Our auditor stated in its report on our financial statements for the period ended December 31, 2005 that we have experienced recurring losses and, as a result, there exists substantial doubt about our ability to continue as a going concern. For the three months ended March 31, 2006 (restated), we incurred a net loss of $2,119,634. As of March 31, 2006 (restated), Cardinal had an accumulated deficit of $74,684,407. We are actively seeking customers for our services. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event we cannot continue in existence. These factors raise substantial doubt about our ability to continue as a going concern.

Critical Accounting Policies

Management's Discussion and Analysis discusses the results of operations and financial condition as reflected in our consolidated financial statements, which have been prepared in accordance with accounting principals generally accepted in the United States. The preparation of financial statements in conformity with accounting principals generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates its estimates and judgments, including those related to accounts receivable, inventory valuation, amortization and recoverability of long-lived assets, including goodwill, litigation accruals and revenue recognition. These critical accounting policies are described in more detail under Item 6 in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-KSB for the year ended December 31, 2005 filed with the Securities and Exchange Commission on April 17, 2006. Management bases its estimates and judgments on its historical experience and other relevant factors, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.

While we believe that the historical experience and other factors considered provide a meaningful basis for the accounting policies applied in the preparation of our consolidated financial statements, we cannot guarantee that our estimates and assumptions will be accurate. If such estimates and assumptions prove to be inaccurate, we may be required to make adjustments to these estimates in future periods.

Results of Operations

Three months Ended March 31, 2006 (restated) And 2005

Revenues

For the three months ended March 31, 2006 (restated) and 2005, Cardinal had revenue of $4,996,482 and $4,860,642 , respectively, an increase of $135,840 . This increase is primarily due to recording a full quarter of Sovereign Partners, LLC revenue in 2006 whereas we only had partial revenue for Sovereign Partners, LLC in 2005. The Company's 2006 revenues are derived primarily from the sale of telecommunication services, internet access services, telecommunications-related hardware and services, satellite-based CATV access services, residential units, rental from commercial properties, fees from mortgage operations and construction management services. These revenues are recognized and recorded as services are performed and properties are sold or rented.

Operating Expenses

For the three months ended March 31, 2006 (restated) and 2005, operating expenses were $3,009,657 and $3,261,560 , respectively, a decrease of $251,903 . We attribute this decrease to reduced professional and consulting fees. During the three months ended March 31, 2006 (restated), operating expenses consisted primarily of professional and consulting fees of $681,200 , of which $319,780 were paid in stock, salaries and commissions of $918,659 of which $343,548 were paid in stock, and other general and administrative expenses of $894,183 . The general and administrative expenses consisted of bad debt related to Get-A-Phone of $306,815, rent expense of $115,203, insurance expense of $82,116 and numerous small expenses.

Net Loss

For the three months ended March 31, 2006 (restated), we had a net loss of $2,119,634 or $0.006 per share. In the comparable period of the prior year, we had a net loss of $1,260,603 or $0.006 per share. The increase in net loss period over period is directly attributable to decreased revenues in our Connect Paging, Inc. d/b/a Get A Phone subsidiary and reduced margins in our Sovereign Partners, LLC subsidiary. We are increasing our marketing efforts at Get a Phone in an attempt to stimulate sales and we anticipate our margins to increase at Sovereign Partners once our Millstone at Clear Creek project begins closing sales.

Liquidity

We have a minimum cash on hand to meet the current operational needs of the business. We are actively seeking additional sources of cash through additional financing and equity transactions in order to meet the short term cash needs of the business. If we are unsuccessful in these efforts, we may not be able fund the operational needs of the business through the remaining months of fiscal year 2006. Historically, we have funded our construction and telecommunication activities with internally generated cash flows, existing credit agreements, and equity financing. For the three months ended March 31, 2006 (restated) our operations used $3,001,082 of cash and at March 31, 2006 (restated) we had cash on hand of $447,363 . As we grow we expect operations to continually use cash since our construction projects use a large portion of operational cash which is provided by construction lines of credit. As construction projects are finished and sold the construction lines of credit are satisfied and the projects provide profit and long term liquidity. Operating, investing and financing activities used a total of $631,754 net cash in the Three Months ended March 31, 2006 (restated) compared to generating $596,363 of cash in the same period in 2005.

More liquidity information is available in the future obligation note below.

Cash Used in Operating Activities

During the three months ended March 31, 2006 (restated), our operations used cash of $3,001,082 compared to using $1,242,919 during the same period in 2005. For both the three months ended March 31, 2006 (restated) and March 31, 2005, the use of cash was a direct result of expanded construction projects. During the three months ended March 31, 2006 (restated), $137,343 of accreted interest expense was recorded in relation to our notes payable with beneficial conversion features; during the same period in 2005 we incurred accreted interest expense of $186,380 .

Cash Used in Investing Activities

During the three months ended March 31, 2006 (restated), we engaged in a significant amount of capital investment activity, primarily through the acquisition of business assets from other companies including the acquisition of notes receivable, payable by Gala Vu for $1,107,450. The total value of capital investments for the period used $1,166,410 compared to a net cash gain for the same period in 2005 of $957,505.

Cash Provided by Financing Activities

During the three months ended March 31, 2006 (restated), financing provided cash of $3,535,738 compared to $881,777 provided during the same period in 2005. The majority of our increased borrowings came from convertible loan agreements with ISP V, LLC and Thunderbird Management Limited Partnership. The balance of our increased borrowings came from debt collateralized by real estate and construction lines-of-credit.

Future Obligations

The following table sets forth contractual obligations as of March 31, 2006
(restated):

2 Years More than
Contractual Obligations Total or less 3-5 years 5 years
Land and construction loans $ 35,426,111 $ 28,308,087 $ 2,296,574 $ 4,821,450
Related party debt 4,622,273 1,741,944 1,502,682 1,377,647


Notes payable, net of $129,492
debt discount 13,234,450 12,727,119 - 507,331

Total $ 53,282,834 $ 42,777,150 $ 3,799,256 $ 6,706,428

The majority of our obligations over the next 2 years consist of revolving land and construction loans which are paid off as real estate inventory is sold and extended as new construction is performed. We are working with both our notes payable and related party debt holders to extend their terms. If the debentures are not extended, paid or converted; the debenture holders could foreclose on our assets.

Future Cash Flow

Our telecommunications subsidiary: Cardinal Broadband receives monthly recurring revenues provided by their subscriber base. The total costs associated with these subscribers has historically exceeded revenues, however we are striving to increase our subscriber base and lowering our costs in an attempt to generate excess cash flow. If we are unsuccessful at increasing our cash flow generated from this subsidiary our operations may be curtailed or ceased all together.

Our real estate development projects generate positive cash flow. Currently we are using this positive cash flow to satisfy debt as it comes due. When analyzing our operational cash flow one should bear in mind that as we develop real estate inventory, the expense is reflected in operations, however the construction loans directly related to this expense are reflected in our financing activities. The costs of construction loans as well as other forms of financing are not forecasted to increase dramatically. We expect real estate sales to increase as new communities are ready for sale.

It is uncertain if we will be profitable for the year ended December 31, 2006. Our auditors have issued a going concern opinion for our Company which means that given our current operations our auditors believe there is a possibility we will not continue in operation long enough to realize our investment in assets through operations (as opposed to sale). In order to mitigate this possibility, we constantly monitor current operational requirements and financial market conditions to evaluate the use of available financing sources, including debt and securities offerings.

Future acquisitions may require additional cash investment. When possible we will finance future acquisitions through operational cash flow, however if needed we will also utilize private placements of our securities and debt.

Off-Balance Sheet Financing Activities

We do not have any off-balance sheet arrangements that have, or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenue or expenses, results of operations, liquidity, capital expenditures or capital resources that are material.

Factors Affecting our Business and Prospects

The most significant risks and uncertainties associated with our business are described in Part II Item 1.A; however, they are not the only risks we face. If any of the following risks actually occur, our business, financial condition, or results or operations could be materially adversely affected, the trading of our common stock could decline, and an investor may lose all or part of his or her investment.

Item 3. Controls and Procedures

Material Weaknesses in Collecting And Processing Financial Information

Management has determined that certain material weaknesses in our internal controls over the financial reporting process existed at December 31, 2005 and through the date of this filing. Specifically, management has determined that there is a material weakness in the controls over recording, processing, classes of transactions and disclosure and related assertions included in the financial statements from our subsidiaries and incorporating and consolidating that information into the holding company's financial records.

Management did not identify the appropriate accounting treatment for certain transactions involving the sale and subsequent leaseback of residential units as it relates to the timing of revenue and expense recognition. Management was not aware of the material impact of the specific transactions on the consolidated financial statements and may have inadvertently not provided our auditors with the specific lease agreements for these transactions. We believe this weakness is attributable to the fact that we experienced a high degree of employee turnover at the time of acquisition of our Sovereign subsidiary. At the time of the acquisition, certain policies and procedure to assure that all transactions had proper documentation had not been implemented. Contributing factors include the fact that we inherited these accounting systems when we acquired these businesses, and that the information processing problems have been aggravated by the turnover of staff and we had a decentralized accounting department. Management believes that this situation reflects a material weakness in our internal controls and procedures insofar as there is a more than remote likelihood that our inability to identify the proper accounting treatment and assess the impact on the financial statements in conjunction with consolidating our financial statements could lead to a material misstatement of our financial statements. Management has identified a material misstatement in our financial statements to date as a result of this weakness, and we have restated prior periods accordingly (See Note 3 of the financial statements). We have recently advised our auditors when we became aware of the weakness in our accounting systems due to the nature of the documentation related to a specific set of transactions. We have taken specific steps to correct this weakness in regards to the documentation and we have restated the prior period financial statements accordingly. We have recently implemented a centralized accounting team, including a Controller and a Chief Financial Officer. We have also implemented additional procedures regarding the requirements of increased level of documentation related to all transactions. We believe that these actions will address our concerns.

The occurrence of material misstatements in our financial statements by reason of a material weakness in our internal controls and procedures or any other reason could harm our operating results, cause us to fail to meet our reporting obligations, subject us to increased risk of errors and fraud related to our financial statements or result in material misstatements in our financial statements. Any such failure also could adversely affect the results of the periodic management evaluations and annual independent certified public accountant attestation reports regarding the effectiveness of our "internal control over financial reporting" that will be required when the Securities and Exchange Commission's rules under Section 404 of the Sarbanes-Oxley Act of 2002 become applicable to us. Inadequate internal controls could also expose the officers and directors of our company to securities laws violations and also cause investors to lose confidence in our reported financial information, which could have a negative effect on the trading price of our stock.

[sliverin]

Antwort auf Beitrag Nr.: 26.033.790 von BIOMIRA am 08.12.06 21:37:48

Lass die Finger von dem Ding wenn du kein super mega hardcore zocker bist!

Warum: Total Überschuldet (siehst du an den assets gegenüber den verbindlichkeiten)

Und das wichtigste:

Haben revenue growth aber gewinnmarge an den revenue wird keiner!

Normalerweise müsste die steigen, weil ja umsatz steigt.

Die werden wohl nie ins plus kommen, kaufen sich nur irgendwo unprofitablen umsatz dazu.

[BIOMIRA]

danke
werd aufpassen und nicht lange halten