LEARNCOM INC (fka LRCM)

[catmaniac]

I got caught in the delisting...I was way long
here. I bought this several years ago thinking
that with unemployment droping and companies
highering again this was a no brainer but the
guy is either an idot or a crook...either one
will kill ya.
I exchanged emails with him and he had NO CLUE.
"I'm tryin to save the company" at a time when
they should have been ROLLING in money ?
He got to keep his fat salary job and we got left
with toilet paper.
I can't get them to return calls or emails about
their sharestucture so they have stopped dealing
with the puplic in an honorable way...that's what
CROOKS do.
catman...ISYA

PS...I'm requestimg my certs and will put them
on the outhouse wall of shame, ya never know when
ya will need someting to wipe up with !

[Investolator]

True, at least I sold most of my shares on the run up to .01 that happened in one day. It didn't stay there long as it was a perfect picture of a pump and dump. GLTY
Seán

[catmaniac]

not if ya run out of money on companies like this. eom

[Investolator]

It might be my computer, but I was not able to send them an email this afternoon from their web site. Oh well, there is always another day. GLTY
Seán

[catmaniac]

I was cleaning out my port of old POS shares...
getting the cirts in the mail and pasting them on the
wall of the outhouse for an old cabin I have in the woods.
catman....ISYA

PS...I emailed them this am...don't expect to hear back from
them at all.

[Investolator]

Hi catmaniac, several months after they stop trading I emailed the company and got a reply back in just a few days. It has been much time since then so I will email them again and see if I get a reply. If I do, I will let you know. I am hanging in there because there is nothing else to do. GLTY
Seán

[catmaniac]

I still have shares but have never heard from them after the
delisting. I was cleaning to my portfolio and came across
this old delisted stock...technically, they still represent
shares of the company and would have to be addressed in SOME
way before they were to relist, but, what surprised me was
to see their website shows they are listed ?
IF you find out anything Investo, pm me would ya please ?
Thanks
catman...ISYA

[Investolator]

Anyone out there still holding shares like I am? I checked their web site and it is still up and running. Oh well, hope all are doing great.
Seán

[Investolator]

I sent an email to the company and got a reply back. I forgot to ask if I could post the reply so go to www.LearnCom.com and email them. I can say that they reported that they are still much alive and are doing all that they can. Here is hoping that one day they can get things worked out again.

Take care all and have a great and safe weekend.

Seán

[Investolator]

I am still holding my shares and check the website from time to time. It would be nice if this was able to be traded again. Last trade of record was 1 December 2004.

[Investolator]

I dont blame you for not wanting to see it, neither did I. I need to check out pink to see about symbol change cause I hadnt heard that yet.

[mick]

thank you,,,i'm getting at the pinks a symbol change is for LRCM.

you are right and i see it now.

i guess i didn't want to see it.

[Investolator]

Look at the last paragraph and you will see LearnCom (LRCM) listed. How this plays out is yet to be known.

[mick]

hi invest , in your writes i don't see LRCM in this group.

would that be correct?

[Investolator]

Here is a more complete report concerning LRCM and other small companies.

WASHINGTON - The Securities and Exchange Commission (news - web sites) suspended trading in shares of 26 small companies, including a health Web site named for former Surgeon General C. Everett Koop, on Wednesday because they failed to file required periodic financial reports.



The SEC began last June halting trading in companies for delinquent reporting, to protect investors by preventing stock manipulation. The agency said the companies' failure to submit the quarterly and annual reports means there is a lack of current and accurate information about them.


The SEC also said Wednesday that it began administrative proceedings against 12 of the companies to suspend or terminate their registration to issue securities.


"Public companies must keep investors informed through accurate and timely periodic filings" with the SEC, said Alan Beller, director of the agency's corporation finance division.


The halts began at the start of trading Wednesday. The shares will be allowed to resume trading on Dec. 15 if the companies file the required reports, provided their registration has not been revoked. Most of the companies' shares are traded on the National Association of Securities Dealers' OTC Bulletin Board, an electronic trading system for small stocks that are thinly traded.


The SEC suspends trading in stocks from time to time, but a suspension of numerous companies at the same time is rare. The agency suspended trading in another batch of 26 small companies in June for delinquent reporting.


The company operating the site named for Koop, DrKoop.Com Inc., was once worth more than $1 billion but collapsed a few years after going public. Some of its assets, notably Internet domain names, were sold in bankruptcy court for $186,000 to vitamin retailer Vitacost in the summer of 2002.


Koop originally was paid $10,000 for the right to use his name on the site.


Other companies subject to the trading suspension are: 1st Miracle Entertainment Inc., Advanced Solutions and Technologies Inc., Amitelo Communications Inc., Comparator Systems Corp., Digi Link Technologies Inc., Emerging Enterprise Solutions Inc., First Pacific Networks Inc., Gemz Inc., Homeland Security Technology Inc., Infotopia Inc., Shaman Pharmaceuticals Inc., United States Crude International Inc. and Whitehall Enterprises Inc.


Those subject to the trading suspension and whose registration the SEC is seeking to suspend or terminate are: Abacan Resources Corp., American Multiplexer Corp., Asset Equity Group Inc., DMT Energy Inc., Heroes Inc., Household Direct Inc., International Brands Inc., Interspace Enterprises Inc., JTS Corp., Mega Micro Technologies Group Inc., Vertical Computer Systems Inc. and Webvan Group Inc.


The SEC also announced that in separate actions, these companies had agreed in settlements to have their registration revoked. They neither admitted nor denied the agency's allegations in the settlements: Bigmar Inc., Biogan International Inc., Bluestar Enterprises Inc., Centura Software Inc., DirectShoes.Com Inc., HealthWatch Inc., Learncom Inc., Marchfirst Inc., Winstar Communications Inc. and 21st Century Wireless Group Inc.


__


On the Net:


Securities and Exchange Commission: http://www.sec.gov

[Investolator]

US SEC revokes registrations of 10 companies
Wed Dec 1, 2004 02:41 PM ET. LRCM is one of the 10.

The following is from raging bull.

By: Mad_Doc
03 Dec 2004, 05:09 PM EST
Msg. 6859 of 6864
Jump to msg. #
Just this morning I sent an email to Lloyd Singer, the CEO. Here is the message I sent and his reply.

I have been reading on the "Raging Bull" that somehow the shares of LRCM are no longer tradable and are now worthless. Is this true? If you are kind enough to respond to my inquiry, may I publish your response on the "Raging Bull"? Also, and I know it is asking a lot, could you give a brief summary of the business status of the company and prospects for the future of the company? Thank you very much for all you do. Sincerely, Mad Doc


Half of what you say in your query is true. Shares in LearnCom are no longer tradeable in a public market. On 12/1, the SEC revoked our registration for non-filing of K's and Q's. We didn't have the money for the accountants and lawyers needed for audits, reviews and opinions associated with public status. We're all shareholders of a private LearnCom, and I certainly hope the shares are not worthless since they're my principal chance for some kind of gain after lots of years of hard work. There is no change in share count, capitalization, operations, strategy, etc. We'll be reporting third quarter financial results and explaining all this in a shareholder letter which we'll send out next week. Share this as you see fit.

[originunknown]

LRCM is always on my radar, but lately that one and so many others are just basket cases.

PRRM is heating up and on a daily basis you have some that show promise, but in the end it all seems to come down to luck. All the DD in the world seems futile.

jmo

[mick]

thanx origin,,, for the quick response for lrcm.
anything else that looks good for trading. any suggestion and what forum?

[originunknown]

.0011/.0014 [1x2] not trading much and not getting much attention ....

[mick]

hi and good afternoon to the forum. is there anything new for lrcm? do they exist anymore?
could the above link be changed from ob to pk?

[originunknown]

LRCM(2004/09/14)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
16:05:09 160000 0.0019 + OTCEQ_NBB T (F)
16:00:24 50000 0.0019 + OTCEQ_NBB T (F)
16:00:18 50000 0.0019 + OTCEQ_NBB T (F)
15:59:39 25000 0.0015 + OTCEQ_NBB
15:59:09 25000 0.0013 + OTCEQ_NBB
15:59:03 250000 0.0013 + OTCEQ_NBB
15:58:45 25000 0.0013 + OTCEQ_NBB
15:58:15 250000 0.0012 + OTCEQ_NBB
14:14:51 8350 0.0011 - OTCEQ_NBB
12:20:30 300000 0.0012 + OTCEQ_NBB
12:19:33 200000 0.0012 + OTCEQ_NBB
10:22:09 225000 0.001 OTCEQ_NBB

[originunknown]

End of day activity!
:)

[Witchhouse]

Thanks looks like I'll own this for a while only have 7 Mil shares at .0006 lol hope i live long enough to sell at a profit I am in until a penny or until it gets goes bankrupt

[Investolator]

LEARNCOM ANNOUNCES RESULTS FOR FIRST QUARTER 2004

Bensenville, Illinois, April, 26, 2004 /Pink Sheets News Service/ -- Lloyd Singer President and CEO of LearnCom, Inc. (Pink Sheets: LRCM) reported unaudited results today for the first quarter 2004 (ending March 31).

Revenues for the three month period were $808,791. Operating Income for the quarter before Depreciation and Amortization was $2,258. We sustained a Net Operating Loss of $109,978. EBITDA for the period was a positive $47,315.

For the same period in 2003, Revenues were $1,122,913. We sustained an Operating Loss before Depreciation and Amortization of $2,337 and a Net Loss of $163,666. EBITDA was a positive $26,384.

Said Lloyd Singer: "The downward slide in revenues we've experienced for the past 18 months continued at a slower rate in Q1, 2004. While revenues were off sharply year over year, profitability actually improved as a result of continuing cost reduction. It should be noted that this decline has occurred throughout the training industry.

Another positive development is that revenues for each of the months in 2004 improved over the prior month. April has been particularly strong with three orders over $20,000...an unusual occurrence in the past two years. We expect to close April close to $400,000 in revenues for the month.

We opened our new website for business in early April - www.learncom.com. It features one of the largest electronic catalogs in the training industry with over 1000 training videos, DVDs, books and manuals, and other media. This database includes complete descriptions and is searchable by title, category and keyword. An e-commerce capability is provided that makes ordering previews and sale copies of programs easy and quick.

One of the highlights of the new website is our trademarked Trainer's Gold?, a collection of the top 125 programs in over 30 training categories. Most of the titles offer streaming of free video clips and full previews (after registration). Our goal is to accelerate the decision and buying process and make it easy to select the "best of the best" in all major HR training categories. Online previewing is much cheaper and faster than the traditional VHS video previews which must be shipped out to customers, and then returned after viewing - a long, slow and expensive process.

We also expect to release several new titles in the second half of the year which should help increase revenues at the end of 2004 and into 2005.

In April, we hired one of the top veteran salespeople in our industry. He will be our Des Moines Sales Center Team Leader. We're planning to have six direct salespeople working out of a new office in Des Moines by year-end.

While it's too early to predict a turnaround in the training market, the upward progression of monthly sales is encouraging. These increases and the other investments we're making should help LearnCom achieve a profitable year.


About LearnCom, Inc.

LearnCom, Inc. provides learning resources and consulting services to businesses, government agencies and other non-profit organizations. The Company focuses on human resources and management development - specializing in diversity and critical compliance areas including harassment prevention and employment law. LearnCom's resources are provided in a variety of formats including video, DVD, and intranet delivery. For additional information, visit www.learncom.com

This release contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ materially from the results discussed in these forward-looking statements Factors that might cause such differences include, among others, terms and deployment of capital; general economic and business conditions; industry trends; changes in demand for the Company's products; the timing of orders received from customers; announcements or changes in pricing policies by the Company or its competitors and availability of management.

The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases. Please read our Terms of Service and Risk Warning.

[Investolator]

Thanks for that information.

I guess that is why I like iHub better than RB. Here I read almost all the post that I can while on RB I pick and choose what I want to read.

[charltuna]

When you are TOSed, by other posters and Matt (The iHub's cheif huncho) decides tat you really did break some rules...he puts you in jail...it is the only board where you are allowed to post...

go to

http://www.investorshub.com/boards/board.asp?board_id=38

for more info
Charlie T

[Investolator]

Thanks for your reply.

Let me show my ignorance. What is iHub jail?

[charltuna]

Don't expect an answer from Hollen...he is in iHub jail where he belongs...or should I say, he belongs in jail but at least this is a good start.

As for LRCM...just wait until after the Ides of March!!!

Charlie T

[Investolator]

What are your thoughts on LRCM after that wild ride on Monday?

I sold some as it pulled back from the .01 mark and now I am holding free shares. Seems to be holding today in the .005 range so far.

Seán

[jmhollen]

Cool.

It's nice to note that Stock Prowler is apparenbtly not for sale to the highest bidding SleazeBall, either...:
Stockprowler does not receive compensation from companies we profile or from third parties… we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are always small relative to the public float so that the chance of having an effect on a stock’s price when we buy or sell is usually negligible. Please read our full disclaimer.

Per their blurb...:
Insiders own 75% of the common shares of LRCM… usually a good indicator of how company management feels about the future success of the company. Also, due to the large number of shares held by insiders, the sub-penny share price, and the highly speculative nature of stocks trading on OTC Other (Pink Sheets) …Stockprowler expects trading in shares of LRCM could be heavy and extremely volatile. Be careful… never in vest more than you can afford to lose.

John

[Investolator]

Stock prowler picks LRCM.

http://www.stockprowler.com/

[jmhollen]

O/T: GEMD is certainly behaving like that in a big way.

It used to be a cheapie also.

John

[Investolator]

Yes, it sure was nice seeing such a good rebound.

Nice to see it back at .004 and who knows, maybe now it will move past the .005 mark and reach .01 before long.

[jmhollen]

Nice action today.

Last Change (%) Trade Time Bid (size) Ask (size) Day Volume
0.004 0.0013 (48.15) 15:59 0 (0) 0 (0) 15,216,868

John

[Investolator]

LEARNCOM ANNOUNCES RESULTS FOR 12 MONTHS 2003

LRCM -- LearnCom, Inc.
Com ($0.001)


Bensenville, Illinois, March 2, 2004 /Pink Sheets News Service/ -- Lloyd Singer President and CEO of LearnCom, Inc. (Pink Sheets: LRCM) reported unaudited results today for the full year ending December 31, 2003.

Revenues for the twelve month period were $4,007,912. Operating Income for the year before Depreciation and Amortization was $150,577. After Depreciation and Amortization, we sustained a Net Operating Loss of $207,208. EBITDA was $263,580 before Extraordinary Items for the twelve months ended. Net Income for the twelve months ended was $259,621 after Extraordinary Items.

At year-end, Directors Denis Mola and Randy Redwitz formed an LLC which purchased LearnCom's senior, secured debt from Bank One of approximately $850,000. Messrs. Mola and Redwitz are also secured creditors relative to the acquisition capital raised to acquire the AMI Distribution Rights in 2001. As of December 31, 2003, substantially all of the secured debt of the company is held by Messrs. Mola and Redwitz.

Said Lloyd Singer: "2003 was a difficult year for LearnCom and other training content providers. Our revenues were down approximately 1/3 compared to 2002 forcing deep cutbacks in personnel as well as a change in our sales strategy. Almost all of our salespeople now work from their homes. While this cuts costs, it does make supervision and training more difficult. E-mail, telephone coaching, conference calls and monthly sales meetings in three locations have replaced face-to-face management.

We remain concerned about the magnitude of our debt structure related to shrinking sales. During 2003 we negotiated and honored approximately twenty debt reduction arrangements relating to our outstanding trade debt. But still, as of the year-end, our accounts payable were very high relative to our accounts receivable. During 2003 we had to renegotiate the payment of interest on our subordinate debt so that one-half is currently being paid, and one-half is accruing. We have been unable to service much of our related party debt with either principal or interest payments. The only debt other than trade payables that is being kept current is our senior, secured debt of approximately $850,000 as referenced above.

While sales remain sluggish in the first two months of 2004, we remain cautiously optimistic that the apparent turnaround in the economy will trickle down to the training budgets this year.

We expect to release our new and improved website (www.learncom.com) at the end of March which will help our marketing efforts. Deals are under development for three new video/DVD titles by midyear. We are planning to expand our Des Moines sales efforts and recruit several direct salespeople.

Our forecast for 2004 calls for flat, but profitable sales results.

We appreciate the ongoing financial contributions of our directors and investors and the hard work of our employees in this difficult period for the training industry.

About LearnCom, Inc.

LearnCom, Inc. provides learning resources and consulting services to businesses, government agencies and other non-profit organizations. The Company focuses on human resources and management development - specializing in diversity and critical compliance areas including harassment prevention and employment law. LearnCom's resources are provided in a variety of formats including video, DVD, and intranet delivery. For additional information, visit www.learncom.com

This release contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ materially from the results discussed in these forward-looking statements Factors that might cause such differences include, among others, terms and deployment of capital; general economic and business conditions; industry trends; changes in demand for the Company's products; the timing of orders received from customers; announcements or changes in pricing policies by the Company or its competitors and availability of management.

##


The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases. Please read our Terms of Service and Risk Warning.

[klce]

yup i was wondering hope you get more this stock has alot of future to it.

[klce]

yup i was wondering hope you get more this stock has alot of future to it.

[charltuna]

If you are asking me...I have 1/2 million shares but am looking for more...when my cash flow improves.

CT

[klce]

hey charlie did you buy any lrcm yet?

i have an avg of .002 im ready for march hope this stock hits .04 would be nice ride

[Investolator]

Hi bobky,

I wrote a short time ago that LRCM would follow the lead of PRIM when it was at .0075, IMO. LOL well I was right, PRIM has been moving down and so has LRCM.

What did you think of the drop and increase of volume?

Here is the break down for the day:

Share count: Share price:

1,652,000 .0015
2,373,000 .002
25,000 .0022
2,456,500 .0025
1,509,000 .003

It was not our biggest volume day, but it was not that far behind it.

[charltuna]

To be be fair to the "regular" investors here, I would like to inform you all that QBID is taking off...

Am I writing this because I want you to buy QBID...NO!!!

I am writing this because when I cash in some of those QBID shares I own, I will be placing a large BUY order for some more LRCM...so you all better get in before I do.

Charlie T

[Investolator]

Chart of LRCM

[Investolator]

IMO in time LRCM will follow the lead of PRIM.

I would like for it to out do PRIM when all is said and done.

Have a great day.

[bobky]

I find it funny-there is PRIM at .0075-almost double LRCM price-prim gets a local contract and it runs-lrcm has business with some of the top co's. in the world-along with 4 mil. revenues-we are way,way undervalued-jmo-and blowing steam-lol

[Investolator]

Chart is for LRCM looking good IMO.

Chart from PinkSheets.com



Chart from ClearStation.com

[bobky]

new from Mr. Singer-looking great-inside-----Update:

Looks good for two new titles from a good producer in the first half - one on sexual harassment prevention, the other on workplace violence prevention. Both from a good producer who has developed products for us before.

Website now looks like early March to go live. Huge undertaking affecting hundreds of pages: online catalog, full e-commerce capability, streaming video clips as well as full previews. Four LearnCom people working on it, plus a team at the ISP.

Financials soon.

Lloyd

[Investolator]

bobky,

I found the following information about OBV, but since it is new to me I still don't know what to make of it.

"The Accumulation/Distribution Line was developed by Marc Chaikin to assess the cumulative flow of money into and out of a security. In order to fully appreciate the methodology behind the Accumulation/Distribution Line, it may be helpful to examine one of the earliest volume indicators and see how it compares.

In 1963, Joe Granville developed On Balance Volume (OBV), which was one of the earliest and most popular indicators to measure positive and negative volume flow. OBV is a relatively simple indicator that adds the corresponding period's volume when the close is up and subtracts it when the close is down. A cumulative total of the positive and negative volume flow (additions and subtractions) forms the OBV line. This line can then be compared with the price chart of the underlying security to look for divergences or confirmation."

This was found at the following web site:

http://stockcharts.com/education/IndicatorAnalysis/indic_AccumDistLine.html

[bobky]

obv? soory-new to me. explain-bob

[Investolator]

Bobky2,

Do you know much about OBV on charts? I pasted this chart of LRCM with the OBV added. I have not studied much about OBV yet and am just learning some about it. If possible could you explain the meaning of the OBV in LRCM's chart?

[Investolator]

2 yr chart of LRCM

Staying above .0025 during the next week or so could IMO be a very positive sign. I am in it for the long haul, have been with it nearly two years and am willing to wait two more years for major gains.