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Optionable, Inc. (OPBL)

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465 Columbus Avenue
Suite 280
Valhalla, NY 10595
United States - Map
Phone: 914-773-1100
Fax: 914-773-1500
Web Site: http://www.optionable.com


DETAILS
Index Membership: N/A
Sector: Financial
Industry: Investment Brokerage - National
Full Time Employees: 3


 BUSINESS SUMMARY
Optionable, Inc. provides services for the brokerage of energy derivatives to brokerage firms, financial institutions, energy traders, and hedge funds in the United States. It offers natural gas and other energy derivatives trading and brokerage services, OTC energy derivatives brokerage services, energy futures derivatives services, and services for lesser used derivatives, such as swaptions. It provides voice brokerage and floor brokerage services at the New York Mercantile Exchange and is developing an automated derivatives trading platform, OPEX. The company was founded in 2000 and is headquartered in Valhalla, New York.

Optionable, Inc. is a leading provider of natural gas and other energy derivatives trading and brokerage services. The company provides its services to brokerage firms, financial institutions, energy traders and hedge funds nationwide. Optionable is a public company with its stock trading on the OTC Bulletin Board.

Optionable provides its customers a full range of trading strategies, including voice brokerage, floor brokerage services at the New York Mercantile Exchange (NYMEX) and Optionable is developing an automated derivatives trading platform named OPEX. Drawing upon the more than twenty years of experience of its senior traders, Optionable works closely with the customers to tailor trades and develop the best trading strategies to meet the customers' investment objectives.

OPEX will be a real-time electronic trade matching and brokerage system designed to improve liquidity and transparency in the energy derivatives market. OPEX, is designed to be the first of its kind real-time electronic trade matching and brokerage system featuring trading strategies used by professional options traders. OPEX trading platform has also been certified to connect with the NYMEX ClearPort(r) electronic trading and clearing platform.

Optionable was founded with the goal of creating a comprehensive electronic options trading platform that eliminates the inherent inefficiencies of the traditional open-outcry and over the counter (OTC) trading environments.

Optionable's founders recognized that there is a specific void in the current open-outcry and OTC marketplaces. The traditional open-outcry system, currently used on the trading floors of regulated commodity exchanges throughout the world, suffers from a number of serious drawbacks. These markets cannot provide their traders with vital information such as the size of the best bid or ask price. Some trading pits have grown so large that it is virtually impossible to hear what is trading on the opposite side of the pit. This creates an un-level playing field where a trader's financial success can largely be affected by where he or she is located in a particular trading pit. Additionally, traders are limited by the exchange listed strike prices and expiration dates and do not have the flexibility to create trades with customized strike prices or expiration dates.

The over the counter (OTC) commodity market is a broker dominated telephone based marketplace. Market participants depend solely upon their brokers to supply them with all market information and trade confirmations. As a result, the current OTC trading process fails in the fundamental market function of matching the best seller with the best buyer because there is no centralized marketplace where all participants can simultaneously receive accurate market information. Additionally, the telephone-based system is not electronic and therefore cannot be integrated into the customer's own computer systems. This lack of a computerized audit trail results in error prone and overhead intensive back office operations for all market participants. Electronic order matching and brokerage through OPEX will help risk managers and back offices with mark to markets.

Options are an effective tool used by producers and end users to minimize risk, and serve as a speculative vehicle for risk takers who provide liquidity to market participants. While many in the trading community have rushed to develop electronic trading systems, options trading capabilities have thus far been lost in the shuffle. Even when options trading has been built into a system, it has been done as an afterthought. OPEX was designed specifically for options and swaps trading by professional derivatives traders. Harnessing the power of the Internet, OPEX intends to greatly improve the way derivatives are currently traded and to expand the number of markets where derivatives can be used.

The OPEX Trading Platform
The OPEX trading platform can be applied to an unlimited number of underlying contracts and will revolutionize the way derivatives are traded and brokered in various marketplaces such as:
Regulated Commodity Exchanges
Over the Counter (OTC) Commodities
Over the Counter (OTC) Equities
Over the Counter (OTC)Currencies
The OPEX electronic order matching and brokerage system eliminates the inefficiencies of the traditional trading environments by introducing the following innovations:

Complete Price Transparency:
The OPEX MarketPlace enables each trader to view, in real time, all available bids and offers in the marketplace as well as the number of corresponding contracts for each bid and offer.

Anonymity:
The OPEX trading platform preserves the anonymity of it's users by only representing the price and size information of all trades. Since the information is handled electronically, confidentiality is assured.

Customized Expiration Dates:
Traders are currently limited by the standard expiration dates set by the exchanges. OPEX revolutionizes the way derivatives are traded by empowering its users to create options and futures trading strategies with customized expiration dates.

Customized Strike Prices:
Rather than being constrained by listed strike prices, traders will be able to create strike prices tailored to their market expectations.

Credit Screening:
The OPEX MarketPlace was designed to enable its Over The Counter users to create a select list of approved counter-parties. The trading system ensures that only approved counter parties can execute trades with each other. OPEX's users can update their counter-party lists at any time.

Virtual Back Office:
OPEX automatically generates a digital audit trail once a trade is consummated. Previous trades going back years will be stored in the OPEX system.

Seamless System Integration:
The OPEX API will allow for future integration of our system with a customer's own systems and/or third party software providers.
http://www.optionable.com/



News
http://finance.yahoo.com/q?s=OPBL.OB

http://www.optionable.com/news.php

Fourth Quarter and Year End 2006 Conference Call
http://www.investorcalendar.com/IC/ClientPage.asp?ID=113439



KEY EXECUTIVES

Mr. Edward J. O'Connor , 54
Pres, Treasurer

Mr. Thomas Schnell ,
VP of O T C Brokerage Service

Mr. Albert Helmig , 55
Exec. Chairman and Member of Fin. Committee

Mr. Marc-Andre Boisseau , 43
Chief Financial Officer and Principal Accounting Officer

Mr. Yechiel Abraham Zucker , 33
Exec. VP and Sec.


Primary State of Incorporation: Delaware


Country of Incorporation: USA


Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place South
New York, NY 10004
Phone: (212) 509-4000
E-mail: cstmail@continentialstock.com
Website: http://www.continentalstock.com


Outstanding Shares: 52,263,403 as of 2007-04-20

Estimated Market Cap: 21.95M as of 2007-05-25 (based on Outstanding Shares as of 2007-04-20)
Number of Shareholders of Record: 14 as of 2007-03-23


Major Holders
http://finance.yahoo.com/q/mh?s=OPBL.OB

Insider Transactions
http://finance.yahoo.com/q/it?s=OPBL.OB
 


 

OPTIONABLE, INC.
CONSOLIDATED BALANCE SHEETS
 
   
September 30, 2009
   
December 31, 2008
 
ASSETS
 
(Unaudited)
    (1)  
Current Assets:
           
Cash and cash equivalents
  $ 3,958,302     $ 8,974,282  
Recoverable Income Taxes
    985,525       958,294  
Notes Receivable, net of allowance for doubtful accounts of $80,000 at September 30, 2009
    -       -  
Prepaid Expenses
    1,167,868       1,269,827  
     Total current assets
    6,111,695       11,202,403  
                 
                 
     Total assets
  $ 6,111,695     $ 11,202,403  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
               
                 
Current Liabilities:
               
Accounts payable and accrued expenses
  $ 756,949     $ 420,590  
Due to stockholder
    -       97,907  
Income Tax Payable
    -       83,555  
    Total current liabilities
    756,949       602,052  
                 
Due to stockholder, net of unamortized discount of $2,618,270 at December 31, 2008
    -       2,426,240  
Due to director, net of unamortized discount of $316,961 and $355,126
               
  at September 30, 2009 and December 31, 2008, respectively
    191,736       153,571  
     Total liabilities
    948,685       3,181,863  
                 
Stockholders' Equity:
               
  Preferred Stock; $.0001 par value, 5,000,000 shares authorized, none issued
               
    and outstanding
    -       -  
  Common stock; $.0001 par value, 100,000,000 shares authorized,
               
    52,428,203 issued and  48,328,328 and 52,423,403 outstanding  at September 30, 2009
    5,242       5,242  
    and December 31, 2008, respectively
               
  Additional paid-in capital
    162,783,753       162,766,096  
  Treasury stock at cost, 4,099,875 and 4,800 shares at September 30, 2009
               
   and December 31, 2008, respectively
    (47,552 )     (2,506 )
  Accumulated deficit
    (157,578,433 )     (154,748,292 )
                 
     Total stockholders’ equity
    5,163,010       8,020,540  
                 
     Total liabilities and stockholders’ equity
  $ 6,111,695     $ 11,202,403  
 

 

OPTIONABLE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
 
   
For the three-month period ended
   
For the nine-month period ended
 
   
September 30,
   
September 30,
 
   
2009
   
2008
   
2009
   
2008
 
   
(Unaudited)
   
(Unaudited)
   
(Unaudited)
   
(Unaudited)
 
                         
Operating expenses:
                       
  Selling, general and administrative
  $ 527,785     $ 226,646     $ 2,803,433     $ 1,831,230  
  Research and development
    -       98,660       -       559,105  
                                 
     Total operating expenses
    527,785       325,306       2,803,433       2,390,335  
                                 
     Operating loss
    (527,785 )     (325,306 )     (2,803,433 )     (2,390,335 )
                                 
Other income (expense):
                               
Interest income
    3,944       42,070       38,635       198,758  
Interest expense to related parties
    (13,103 )     (97,362 )     (141,879 )     (283,581 )
Total other expenses
    (9,159 )     (55,292 )     (103,244 )     (84,823 )
                                 
Loss before income tax
    (536,944 )     (380,598 )     (2,906,677 )     (2,475,158 )
                                 
Income tax benefit
    338,341       72,165       76,537       881,579  
                                 
Net loss
  $ (198,603 )   $ (308,433 )   $ (2,830,140 )   $ (1,593,579 )
                                 
Basic earnings per common share
  $ (0.00 )   $ (0.01 )   $ (0.06 )   $ (0.03 )
                                 
Diluted earnings per common share
  $ (0.00 )   $ (0.01 )   $ (0.06 )   $ (0.03 )
                                 
Basic and diluted weighted average common
                               
shares outstanding
    48,328,328       52,023,047       49,183,344       52,023,047  


Albert Helmig Takes Reins at Optionable Inc; Kevin Cassidy Resigns
VALHALLA, N.Y., May 14
/PRNewswire-FirstCall/ -- Optionable Inc (OTC Bulletin Board: OPBL), a leading provider of natural gas and other energy derivatives brokerage services, announced that Board Chairman Albert Helmig, 55, has taken over day-to-day management of the Company as Executive Chairman, effective May 11. On May 12, the Company accepted the resignation, effective immediately, of former Vice Chairman, CEO and Director, Kevin Cassidy.

Helmig said, 'In my new and expanded role as Executive Chairman I am going to assess the situation and guide the Company accordingly.'

Helmig, whose appointment as Chairman was announced on May 2, 2007, has over 30 years of commodity experience from Wall Street to commodity merchant, spanning both physical and financial instruments on a global basis. He is CEO of Gray House, a private consulting firm providing risk management, price models and industry best practice services to clients such as exchanges, fund managers, financial institutions, producers, integrated energy companies, government agencies and ministries, think tanks and law firms. He is a frequent contributor at industry forums and to the media. He earned his B.S. in Finance and Economics from Philadelphia University.

________________________________________________________________

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OPBL
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#908   $OPBL Daily & Weekly Chart http://stock $Pistol Pete$ 04/01/16 02:37:57 AM
#907   Shhhhh - Our litte secret $OPBL.... Drugdoctor 03/31/16 05:48:17 PM
#906   Agreed Go $OPBL $Pistol Pete$ 03/30/16 10:45:51 PM
#905   $OPBL back to PENNYLAND today... +42% Drugdoctor 03/30/16 09:08:39 PM
#904   Nice ;-) Go $OPBL $Pistol Pete$ 03/18/16 05:37:37 PM
#903   $OPBL - Due Diligence... Drugdoctor 03/18/16 08:03:46 AM
#902   $OPBL Daily & Weekly Chart http://stock $Pistol Pete$ 03/18/16 01:38:44 AM
#901   Yea, best to just wait it out here, Drugdoctor 01/10/16 12:51:56 PM
#900   Pretty hard to get info about OPBL since judypudy 01/10/16 12:22:33 PM
#899   Thanks for the response... I'm looking at the Drugdoctor 01/09/16 07:46:42 PM
#898   Could be he is making so much money judypudy 01/09/16 06:59:03 PM
#897   Mark A. Nordlicht-Co-Chief Investment Officer, Managing Partner, and Drugdoctor 01/06/16 09:08:59 PM
#896   So Nordlicht did nothing with OPBL? Why Drugdoctor 01/06/16 09:02:50 PM
#895   Will the SEC shut OPBL down for non-filing Drugdoctor 12/29/15 12:43:41 PM
#894   Glad it's over. Still holding a little. I e-ore 05/29/14 04:50:55 PM
#893   Yes, it is finally over and Nordlicht will judypudy 05/29/14 04:39:31 PM
#892   Some settlement news today - OPBL e-ore 05/27/14 11:19:15 AM
#891   Maybe at last these cases will get settled... judypudy 12/02/13 11:10:43 PM
#890   Read what happened yesterday Oct 30,2013 OPBL &BMO judypudy 10/31/13 11:10:45 AM
#889   Things are starting to brew. You can get judypudy 10/30/13 10:32:19 AM
#888   Anyone know if one of the producers of judypudy 09/05/13 01:03:32 PM
#887   I think it's worth a few speculative bucks stayfocused 04/11/13 09:25:52 AM
#886   BINGO now that Nordlicht is the controlling shareholder in roiresearch 04/11/13 09:23:00 AM
#885   Hey is this the guy, Managing Partner, Platinum Partners? stayfocused 04/11/13 09:19:05 AM
#884   He's smarter than me as well, board marked:-) stayfocused 04/11/13 09:13:13 AM
#883   Look at my post #875, Nordlicht is buying again. ko49 04/10/13 06:34:14 PM
#882   more to come Roy London 04/10/13 04:07:03 PM
#881   This must give Mark Nordlicht controlling interest. Things judypudy 04/10/13 03:24:30 PM
#880   8k out roiresearch 04/10/13 02:31:05 PM
#879   My take on the chart roiresearch 04/10/13 09:14:17 AM
#878   chart not bad Roy London 04/09/13 07:52:35 PM
#877   I'm in for no reason this afternoon watching roiresearch 04/09/13 04:05:24 PM
#876   hmmmmmmmmmmmmm Roy London 04/09/13 03:50:44 PM
#875   Months ago Nordlicht bought shares of OPBL through ko49 10/02/12 10:45:24 AM
#874   Did you read the SEC filings? OPBL Drugdoctor 10/01/12 04:45:36 PM
#873   Last time I looked they still had 8 ko49 10/01/12 10:03:19 AM
#872   OPBL will go bankrupt before the end of Drugdoctor 09/05/12 11:03:12 PM
#871   IMO Fire Works will be postponed until February 2012. judypudy 11/09/11 07:57:39 PM
#870   Get ready for Fire Works. This will probably judypudy 06/29/11 11:18:22 PM
#869   Ok! this one is now worth..... $0.035 per Share bradakus 06/13/11 10:17:37 AM
#868   Shhhhhhhh, I need to add more under .05 ListenToMe 06/13/11 09:57:02 AM
#867   OK... getting warmed up here now!!!! ListenToMe 06/13/11 09:52:59 AM
#866   wont take much volume to get this one moving! ListenToMe 06/09/11 03:01:07 PM
#865   nibble nibble.... ListenToMe 06/08/11 02:28:33 PM
#864   I agree we are at Bargin basement prices here!!! ListenToMe 06/07/11 11:52:09 AM
#863   The trial is delayed. I'm holding until ko49 05/27/11 11:38:41 AM
#862   yea, ok :-) Drugdoctor 05/25/11 09:30:02 PM
#861   Just in a state of suspended animation right ListenToMe 05/25/11 08:48:53 PM
#860   Looks like dead money to me. Drugdoctor 05/25/11 06:12:05 PM
#859   Still watching closely here! ListenToMe 05/25/11 02:02:45 PM
PostSubject