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any chance that the AT&T deal is denied by shareholders, or another suitor steps up with a better offer, or is this one tagged and bagged?
Thanks for that info..
SPCK - Look at the 8K....shareholders are only getting .268 at the close of the transaction.....shareholders are being shafted, in my opinion.
$.268/share
Hmmmm, how should I play this?
SPCK - .2375 Being bought out. My guess is the acquisition price is about a 50% premium over the current share price. We will see.
Superclick Announces Definitive Agreement to Be Acquired by AT&T Subsidiary '>http://www.marketwire.com/] [/url]
Press Release Source: Superclick On Monday September 26, 2011, 9:00 am
MONTREAL--(Marketwire -09/26/11)- Superclick, Inc. (OTC.BB: SPCK.OB - News), a technology leader in IP infrastructure management and converged network design solutions, today announced that it has entered into a definitive agreement under which a subsidiary of AT&T will acquire Superclick, Inc. in a cash transaction currently valued at approximately $15 million. The agreement has been approved to proceed to shareholder vote by the Board of Directors of Superclick.
"Superclick is committed to delivering world class network management solutions to its customers. Under the leadership of our Founder, President and CEO Sandro Natale, we have developed the deepest and most reliable capabilities for network monitoring and management in the market today. It is an honor to have received this offer from AT&T, known around the world for being a trusted business leader in their field. We are confident that this transaction will allow our business to continue to flourish and that our technology will see wide adoption across many applications," said Todd Pitcher, Chairman of Superclick.
Conditions
The acquisition is subject to approval by Superclick stockholders and is expected to close in the fourth quarter of 2011.
Headwaters MB is acting as financial advisor to Superclick on the transaction.
For a more detailed explanation of the transaction, please review today's Form 8-K filed with the Securities and Exchange Commission and visit the investor relations page of the Company's website at www.superclick.com/stock-information.
About Superclick, Inc.
Superclick, Inc. (OTC.BB: SPCK.OB - News), through its wholly owned, Montreal-based subsidiary Superclick Networks, Inc., develops, manufactures, markets and supports the Superclick Internet Management System (SIMS™), Monitoring and Management Application (MAMA™) and Media Distribution System (MDS™) in worldwide hospitality, conference center and event, multi-tenant unit (MTU) and university markets. Superclick Networks Inc. serves leading hospitality brands including Accor, Fairmont & Raffles Hotels, Four Seasons Hotels, Intercontinental Hotels Group, Jumeirah, Kimpton Hotels, Mandarin Oriental Hotels, Marriott Hotels International, Shangri-La Hotels and Starwood in Canada, North America, the Middle East and Asia. Superclick Networks is also partnering with IBM Global Services in the development of products and services designed to address strategic opportunities in key growth markets on a worldwide basis.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact, including statements regarding the proposed transaction, the expected timetable for completing the transaction, and any other statements regarding events or developments that we believe or anticipate will or may occur in the future, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, the parties' ability to consummate the transaction, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. Factors that could cause actual results to differ materially from the forward-looking statements contained herein include, but are not limited to: any operational or cultural difficulties associated with the integration of the businesses of the Company and Parent; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; unexpected costs, charges or expenses resulting from the proposed transaction; litigation or adverse judgments relating to the proposed transaction; risks relating to the consummation of the contemplated transaction, including the risk that the required stockholder approval might not be obtained in a timely manner or at all or that other closing conditions will not be satisfied; the failure to realize synergies and cost savings from the transaction or delay in realization thereof; any difficulties associated with requests or directions from governmental authorities resulting from their reviews of the transaction; and any changes in general economic and/or industry-specific conditions. Superclick assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments otherwise.
Additional Information and Where to Find It
Superclick intends to file with the Securities and Exchange Commission (the "SEC") a preliminary proxy statement and a definitive proxy statement and other relevant materials in connection with the merger described in the press release referenced above. The definitive proxy statement will be sent or given to the stockholders of Superclick. Before making any voting or investment decision with respect to the merger, stockholders are urged to read the proxy statement and other relevant materials when they become available because they will contain important information about the merger. The proxy statement and other relevant materials (when they become available), and any other documents filed by Superclick with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov or at Superclick's website at www.superclick.com/stock-information.
Participants in the Solicitation
Superclick and its director and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Superclick in connection with the merger. Information about the directors and executive officers of Superclick is set forth in its proxy statement on Schedule 14A filed with the SEC on May 17, 2011, and Superclick's Annual report on form 10-K/A filed on February 4, 2011.
Additional information regarding the interests of participants in the solicitation of proxies in connection with the merger will be included in the proxy statement that Superclick intends to file with the SEC.
it was only a matter of time before this had its moment to shine
SPCK is about to push through to new highs, get your shares before they are gone!
Well SPCK has broken $0.23 on a closing basis. Yesterday SPCK had the highest low for the day in over 3 years! I'm anticipating a runnup before earnings and trying to load up with as many shares as possible before then. This is the most undervalued stock I have ever seen, and I predict this will easily pass $0.30 once earnings are released next month.
volume has been solid lately. I still think it needs to break that .23 level
looking great, needs to break the .23 price level
Yes, it will be very interesting to see how this company will grow the Retail and Healthcare market. Hopefully this is the catalyst that really adds to their top line growth.
Their history lies of focusing specifically on the hospitality market. Now having solutions in place for two new markets should help.
I'm also curious of the cost to scale the business up here.
I'm planting my stake here as a buy at .20 and this should at least pay us a double from here.
Management Team has superior backgrounds and this says a lot for a .20 cent stock.
sitting good at these levels, would love the 2x
I completely agree, this company is extremely undervalued, and I cannot find a better buy out there. Superclick has been profitable each of the last 16 quarters! Yet they still carry a market cap under $10 million. I am not sure where the buying disappeared to the last few days, but SPCK will be over $0.30 following its next earnings report. They have over $2.4 million in cash, are growing their revenues and is an extremely easy takeover target. I doubled my position Monday and encourage anyone who believes in this company as a long term play to accumulate more shares here.
This company has very strong fundamentals and is in a very strong market. I don't believe investors have wrapped their head around this play yet. Now that they are in the retail market this will open up new doors that they didn't have before.
The volume spike with the green close was great. Let's hope to build on it in very soon.
600+K volume Friday
Should see a breakout thus week
Anyone know when to expect news? Last PR was 2 weeks ago, so I'm hoping shortly
Sooner rather than later
looking good, just needs to break .25 level and we have a double coming.
serious buying, next wave could run it out.. up
NEWS BABY.... HERE WE GO!!!!!!!
We got news too
I think today could be the day!!!!! We should start seeing some volume build and pps go higher & HIGHER!!!!
.
major play here, looks like it broke through the .20's
completely different, however there's something going on here. time for some minimalist digging
Exactly Rob.
Action reminds me of RYUN & BORK
New high today
No numbers in this PR today. Why release anything at all?
this company is seriously undervalued. cash and profits.. and trading under .40 should be a 3x play
think also, its holding well and could make strong jump to new levels
BREAK OUT SOON
SPCK the big news.. numbers are growing and their is profit
Financial Results
During the year ended October 31, 2010, revenue increased $1,404,122 or 18.3% to $9,093,208 compared to $7,689,086 for the year ended October 31, 2009. The favorable sales variances were incurred in both revenue streams. Compared to the previous year, net service revenue which includes installation revenue increased 26.0% to $4,942,469 from $3,924,024 in 2009 and services revenue which includes guest support services increased 10.2% to $4,150,739 from $3,765,062 in 2009. The Superclick solution continues to receive strong validation from new clients and existing clients. Along with year over year increases in net sales, the Company was able to secure support contracts not only with new customers but successfully renew services with existing clients.
Gross profit for the year ended October 31, 2010 increased by $102,024 or 2.6% to $4,075,882 compared to $3,973,858 for the year ended October 31, 2009. Gross margin for the current year was 44.8% compared to 51.7% the previous year.
For the years ended October 31, 2010 and 2009, selling, general and administrative expenses were $2,584,065 and $1,868,656, respectively. The $715,409 or 38.3% increase in SG&A was primarily due to approximately $564,000 increase in sales and marketing expenses and $163,000 increase in general expenses.
The net income before income taxes for the year ended October 31, 2010 was $1,164,426 or 12.8% of net revenue compared to $1,903,857 or 24.8% of net revenue during the year ended October 31, 2009. The Company recorded $373,904 in income tax expense during the year ended October 31, 2010 compared to $611,732 in 2009. As a result, net income for the year ended October 31, 2010 was $790,522 or 8.7% of revenue and $501,603 or 38.8% lower compared net income of $1,292,125, or 16.8% of revenue for 2009.
For the years ended October 31, 2010, the net income per common share basic was $0.02 and $0.01 fully diluted, compared to $0.03 basic and $0.02 fully diluted for the year ended October 31, 2009. The basic and fully diluted weighted average shares for the current fiscal year end was 45,424,991 and 58,149,991, respectively. The basic and fully diluted weighted average shares for the year ended October 31, 2009 was 45,134,205 and 58,986,561, respectively.
this hits .23 we have a wild breakout
.21 BREAKOUT ON BIG VOLUME
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Superclick, Inc. (OTCBB: SPCK), a technology leader in IP infrastructure management solutions to the hospitality industry, today announced record financial results for the third quarter ended July 31, 2010.
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