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KATX & BVIG
KAT is back baby and with guns a blazzzzing. check out the charts wow
ZKID (.14)down from recent run-up to(.40) after launching kid-safe internet site...looking for zkid to bottom today before re-bounding...in @ (.145),but hope it trades lower for an oppertunity to load-up...
FGWC:out @ .038 (eom)
ISYN:out @(.0525)...eom
FGWC:out @(.044)...eom
CDIK:out @(.135)..eom
MSEV:out @(0.61)...eom
ZKID:out @(.083)...eom
RBAK:watching&waiting to see if it sells off to around (.25)before jumping in...currently,No Position...
CLRO 1.55,down from 4.00 two days ago,swan dived on SEC complaint...
ARQL(3.21):looks to have bottomed-out @$3.00,after dropping from $6;balance sheet healthy w/modest amount of debt...Pharmaceutical Research company w/respectible Revenues...
GTW(Gateway)$2.95:good one to play at this level(IMO),has support in the (2.75/3.00)range...balance sheet O.K.(no financial worries any time soon)...
BRCD("the"Brocade)$4.82:plan to play this one at these levels,don't care whither it goes up or down...Cash & Investment rich,Revenues holding-up although below recent expectations..
SYKE $3.00:nice support around $3 level-but wish it would go lower so i could load-up with cheaper shares...Revenues holding-up well,lots of cash..moderate amount of debt..
TAA:after being posted @ .66,went into the .80's,then down into the .40's,now .37;money could have been made playing it-but will count it as a loss..
ERMS eroomsystems http://www.eroomsystem.com Top analyst Peter Lynch still holds shares.eRoomSystem Technologies, Inc. (ticker: ERMS, exchange: NASDAQ) News Release - 15-Nov-2002
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eRoomSystem Technologies Enters Into Agreement to Receive Interim Debt Financing of Up to $322,500
SALT LAKE CITY--(BUSINESS WIRE)--Nov. 15, 2002--
Interim Debt Financing Provides the Company 90 Days to Resolve
Financial Issues and Submit a Request to Nasdaq for Approval of
Up to $2,500,000 of Series D Convertible Preferred Stock Financing
eRoomSystem Technologies Inc. (Nasdaq:ERMS), a leading supplier of in-room technologies for the lodging industry, today announced the signing of a convertible promissory note ("Convertible Note") with Ash Capital LLC, its largest stockholder. Under the terms of the Convertible Note, Ash Capital will provide up to $322,500 in financing, and is obligated to loan the company a minimum of $250,000.
On Nov. 8, 2002, the company also entered into a Stock Purchase Agreement for the issuance of up to 2,777,778 shares of Series D Convertible Preferred Stock ("Series D Preferred Stock"). Ash Capital's commitment is up to $1,500,000 (inclusive of the Convertible Note), subject to the company satisfying each of the conditions in the Stock Purchase Agreement.
As a condition to closing the Series D Preferred Stock financing, the company must achieve the following: (a) obtain a new funding line to finance the placement of its products on a revenue sharing basis; (b) comply with Nasdaq's minimum bid requirement of $1 per share for 10 consecutive trading days by Jan. 15, 2003; (c) obtain consent from Nasdaq, or a majority of the company's shareholders, to issue the Series D Preferred Stock on the terms described above; (d) receive written confirmation from AMRESCO that neither it nor its subsidiaries is in default under the Master Business Lease Financing Agreement; (e) the company's manufacturer must commit to supply product to the company at an amount not to exceed current pricing; (f) must have executed settlements in place with its trade creditors who represent not less than 95% of the outstanding accounts payable as of Nov. 11, 2002; (g) the amount of proceeds from the Series D Preferred Stock shall not be less than $2,000,000; (h) there shall not be in effect any order that would prevent or make unlawful the closing of the Series D Preferred Stock financing; and (i) there shall not have occurred (or reasonably be expected to occur) any event, change or development which has had or could reasonably expected to have a material adverse effect.
Upon issuance, the Series D Convertible Preferred Stock will be convertible into common stock on a 1-for-6 basis, or at $0.15 per share. Thus, assuming 2,777,778 shares of Series D Preferred Stock are purchased in the private placement offering, such shares would be convertible, with the consent of a majority of the Series D stockholders, into 16,666,667 shares of common stock of the company.
The company intends to submit a request to Nasdaq in the next few days requesting consent to the terms of the Series D Preferred Stock financing. In the event that Nasdaq declines the company's request, the company will be required to solicit its shareholders and obtain majority approval for the Series D Preferred Stock financing to occur. There can be no assurance that the company will be successful in obtaining the consent of Nasdaq or a majority of its shareholders.
About eRoomSystem Technologies
eRoomSystem Technologies is a full service in-room provider for the lodging and travel industries. Its intelligent in-room computer platform and communications network supports eRoomSystem's line of fully automated and interactive refreshment centers (minibars), room safes, ambient trays and other proposed in-room applications. eRoomSystem's products are installed in major hotel chains both domestically and internationally. eRoomSystem ("ERMS") is a publicly-traded company listed on NASDAQ SmallCap Market.
Certain statements in this press release with respect to future expectations and plans may be regarded as "forward looking statements" within the meaning of Section 27A of Securities Act of 1933, Section 21E of Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements, including, but not limited to, statements with respect to future earnings, and all other forward-looking statements involve risks and uncertainties and are subject to change at any time.
CONTACT:
eRoomSystem Technologies Inc., St. George
Gregory L. Hrncir (press/investor), 435/688-3603
Fax: 435/628-8611
gc@eroomsystem.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding eRoomSystem Technologies, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
CTLM Update:after being posted @1.47(post#10 sept.18),CTML went down to 1.08 before running-up to 3.35(approx.6weeks)..from 1.08 to 3.35 is a 210% gain...
TWTC Update:after being posted @1.10(post#2:Aug.31)),TWTC went down to .70,then back-up to 1.35(approx. 9weeks)...From .70 to 1.35 is a 93% gain...
MWAV was agreat intra-day play today,diving to Lo .44 and then rebounding back into the .90's...was able to average down and get out @.83 for a small gain...looking to get back-in...
ACTU(1.02)has sold-off from the $5 range(3months ago)..looks good here..e-comm software,revenues over $100MM,break-even results past 6months,61MM outstanding shrs.
FTUS:was a 50% potential gainer..after being posted @2.24,the Lo was 1.90 before the run-up to Hi 2.85...may buy back-in during the sell-off that is happening,besides i am still holding a buy @3.05
CTLM(1.47)has sold-off from $5 range the last couple of months...semi-conductor industry in a slump probably the reason,but Revenues still over $100MM w/35MM outstanding shrs...look to be financially in good shape considering price of stock(IMO)
TWAV looks ready to rock,Lo was 1.12 after falling from 3.50,now @1.32..
MWAV(.98)this stock acually has a PE...has sold-off from the $3 range over the past 6weeks after a break-even 2Q & lowering forecast for Q3...total shrs.(4.5MM)...Elec. components company that upgrades circuit boards,adding value to them..
TAA(.66)looks good here..has pulled back from a recent rally...balance sheet looks OK(IMO)..I believe financial concerns with WMB & DYN pulled TAA down with them..
My submission is:
CKC
(hope I'm correct :)
disclaimer = bought in @ 3.88 still holding.
W.L.,when I decide to play a stock,I always allow for the possibility that the stock could go considerable lower..As with FTUS,I first made a small buy @3.05 and then @ 2.32..if FTUS goes to $1,that will be fine with me,I will buy more..Because i am confident that ftus will some day recover..GNSS looks financialy solid and to be recovering from the recent sell-off..
From 74 in January to 8.1 qualify GNSS as a dead cat and if so will it bounce?
WL
MEOW!!!!! KMED-Bill Gates, Chairman and Chief Software Architect
Microsoft Corporation
MGM Grand Garden Arena
Assigned seating only - tickets are required. Tickets will be distributed on-site at the MGM Conference Center, Level 1 on November 17, 2002.
http://www.comdex.com/fall/about/index.php?s=keynotes
Carly Fiorina, Chairman and Chief Executive Officer
Hewlett-Packard
Hall C5, Las Vegas Convention Center
Scott McNealy, Chairman and Chief Executive Officer
Sun Microsystems, Inc.
Hall C5, Las Vegas Convention Center
HOSTED BY KMED http://www.key3media.com
TWTC($1.10)recovering from a severe sell-off due to concern over exposure to bankrupt Worldcom(past month)..CEO denies any significant exposure & assured investor's of TWTC's financial strengh...sell-off does appear to be over kill(IMO)..there has been lots of trade-able action with this stock in the past month..total shrs./115MM..
FTUS:($2.24)has sold-off from the($12/$16)range within the past month..Operates discount clothes stores & posted Q2 LPS(-.45)(-$5.8MM)on 13MM outstanding shrs...Balance sheet looks OK(IMO)..
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