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what is up with the ridiculous drop to .0001 on bid? that is way, way over the top, almost too obvious. MM's dont want seem to want ANYONE TO BUY THIS THING.
that is a red flag. This may be a runner.
imho
somethin up with this - mm game to the extreme. buying will launch it. imo
Had to sell...good luck with EPCG.
papa are you still in EPCG? looking good
well...this is a shell play...I'm playing it...let's see.
this slug looks dead. maybe it'll kick in.
imo
let's get the word out - this thing will absolutely fly. it could go to 10 cents without too much trouble.
imho
This could be the next shell runner...IMHO.
INCREDIBLE, papa. lightning can strike here. get grounded & ready.
imo
Take a look at OTEL, someone bought the whole company for 30K dollars...and today is up 1.000% by now...That could happen here soon...IMHO.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001161697%252D07...
we'll have our day. YOU wanna talk about a SPREAD NOW - LOOK AT DEXT - Q IS GONE. BID of 2.10, ask is like 900 dollars! woooooooooo-hoo! ----- what's awesome is that the common stock with ATCCQ was cancelled a long time ago. this could be a boomer - but i am not sure how it will work so dont go on my analysis of this one.
imo
LOL, those .0008's don't put enough money in my pockets :)
uggggggggggggh what a dead closing. well at least 'sonslong' didnt sell any at .0008 !!! just jibbin ya, sons.
oh well.
i wish Ron knew more about what was going on with his little ATCCQ thing.
imo
Not sure buddy, but DEXTQ had the same problem. They had reported a change of shares and a RS back in 06 and it never got done for some reason. They just fixed it and split the stock. Crazy pinkies!!!!!!
how is that possible, who's responsibility is that? did Astrocom need to file additional paperwork with SEC to vanquish the old shares? oddball city here.
imo
You could be right on brother, that's what he told me also or someone never took the shares off the market like DEXTQ!
sonslong, the old common stock was liquidated, per the president of Astrocom, Ron, - (as a result of Chapter 11 reorganization, etc.) I dont think that 26 mill number is valid. i think these may just be phantom shares.
The common stock was LIQUIDATED. It's history.
this is a naked short play imho that could fly.
imho
ATCCQ gettin a bit jiggy. ask at .002. lookout, brothas.
imo
Outstanding Shares: 26,448,943 as of 2002-03-29
State of Incorporation: MN
State filing with Minnesota
http://tinyurl.com/2pm48f
Good Standing:
(date of last annual filing) 2006
Officers: Not Available
No talk of remergence of BK as of yet!
Risky deal here imo! Time will tell.
So what do you know about the shell?
I saw the 15-12g listed in iBox
Current share structure?
Float?
Still incorporated in MN?
Anyone check MN filings?
Who's listed as officers?
Any talk of remergence from BK?
TIA
We sure hope so, LOL! We've been trying to get the CEO to look at a RM for the empty shell, right now they filed BK, went private and left the clean shell behind. There is a ton of value in the shell but management needs to act on it. Hoping they do so!!
I'm in, better late than never right? So this was a chapter 11 in 2004 right? Expecting remergence?
LOL, some action this morning, let's see what happens!
here we are, the 3 musketeers. wooooooooooooooo-hoo. if Shakerzzz jumps in LLLLLLLLLLLOOOOOOOOOOOOOOOOKKKKKOUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
imo
LOL, sorry about that! :)
thanks, sons. hey bro, please dont paint the tape with another .0009 sell or i'll send the dogs over.
:)
imho
I just saw this posted on the OTCBB Alerts board, may help understand the BK shares situation. Sounds like before the company could do a RM they would have to cancel the shares that are being traded which they already said they did and reissue new shares.
Posted by: JJSeabrook
In reply to: None
Date: 4/25/2007 5:38:42 PM
Post # of 88
DALRQ SHARES WILL ALL BE CANCELLED! This is normal for companies coming out of bankruptcy. If you have any, you better get whatever you can get out of them while the gettin's good!
Current holders of Delta's pre-plan equity, which has recently traded over the counter under the symbol "DALRQ," will not receive any distributions under Delta's Plan of Reorganization. These equity interests will be cancelled upon the effectiveness of the plan.
___________________________________________________________
DALRQ (BANKRUPT) Court Confirms Delta Air Lines Plan of Reorganization
PrimeZone "PrimeZone "
NEW YORK, April 25, 2007 (PRIME NEWSWIRE) -- The U.S. Bankruptcy Court for the Southern District of New York today issued a ruling confirming Delta's Plan of Reorganization, clearing the way for the airline's emergence from Chapter 11. Delta expects its plan to become effective on April 30, once all closing conditions of the plan have been met and the company's $2.5 billion in exit financing has closed.
"This is an exciting day for everyone at Delta," said Gerald Grinstein, Delta's Chief Executive Officer. "Achieving a turnaround of this magnitude in little more than 19 months would not have been possible without the hard work and dedication of Delta people worldwide, and the leadership, the vision and the flawless execution of our plan by our outstanding management team led by Ed Bastian and Jim Whitehurst. We are also grateful to all the other people who have helped make this possible for Delta, including the unwavering support of our customers and the communities we serve."
After Delta's confirmation hearing earlier today, the Honorable Adlai S. Hardin, Jr. issued his ruling affirming that the company had met all of the necessary statutory requirements to confirm its Plan of Reorganization and exit from Chapter 11. Earlier in the month, Delta creditors overwhelmingly supported the plan. More than 95 percent of the ballots cast and claims value voting were in favor of the plan.
Judge Hardin's ruling also applies to all of Delta's wholly owned subsidiaries that filed for Chapter 11 protection, including Comair, Delta Global Services, Delta Technology, Delta Air Elite and Delta Connection Academy. Each of those subsidiaries is expected to emerge from Chapter 11 alongside Delta on April 30. "Delta is now poised to enter the next chapter of our history as a strong airline ready to compete in an ever changing industry," concluded Grinstein.
Delta's common stock has been approved for listing on the New York Stock Exchange under the ticker symbol "DAL". Trading on the NYSE is expected to commence April 26, 2007, on a "when issued" basis (DAL.WI), and "regular way" trading is anticipated to begin on May 3, 2007. Current holders of Delta's pre-plan equity, which has recently traded over the counter under the symbol "DALRQ," will not receive any distributions under Delta's Plan of Reorganization. These equity interests will be cancelled upon the effectiveness of the plan. Accordingly, Delta urges caution be exercised with respect to investments in Delta's existing equity securities and any of Delta's liabilities and other securities.
Distribution to Creditors
A person holding a general unsecured claim of $10,000 against Delta (in Delta Classes 4 and 5) would receive an initial distribution of approximately 225 shares of new common stock in the reorganized Delta Air Lines. (Net distributions for Delta retirees and current and former employees generally will be smaller on account of withholding obligations). The initial distribution excludes approximately 135 million shares that are reserved from distribution due to disputed unsecured claims in Delta Classes 4 and 5. A total of 358,786,580 shares will ultimately be distributed to creditors in Delta Classes 4 and 5 under the Plan.
As a result of the significantly higher percentage of disputed claims outstanding against the Comair debtors, there will be a lower percentage distribution to Comair creditors at this time. Thus, a person holding a general unsecured claim of $10,000 against Comair (in Comair Class 4) would receive an initial distribution of approximately 139 shares. The initial distribution excludes approximately 25 million shares that are reserved from distribution due to disputed unsecured claims in Comair's Class 4. A total of 27,213,420 shares will ultimately be distributed for to creditors in Comair Class 4 under the Plan.
Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service to 307 destinations in 52 countries. With more than 60 new international routes added in the last year, Delta is America's fastest growing international airline and is a leader across the Atlantic with flights to 31 trans-Atlantic destinations. To Latin America and the Caribbean, Delta offers more than 600 weekly flights to 58 destinations. Delta's marketing alliances also allow customers to earn and redeem SkyMiles on nearly 15,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Including its SkyTeam and worldwide codeshare partners, Delta offers flights to 456 worldwide destinations in 100 countries. Customers can check in for flights, print boarding passes and check flight status at delta.com.
The Delta Air Lines, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1825
Statements in this news release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to consummate our plan of reorganization with respect to the Chapter 11 proceedings; the actions and decisions of our creditors and other third parties with interests in our Chapter 11 proceedings; our ability to obtain and maintain normal terms with vendors and service providers; our ability to maintain contracts that are critical to our operations; the cost of aircraft fuel; the impact that our indebtedness will have on our financial and operating activities and our ability to incur additional debt; the restrictions that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions or disruptions in service at one of our hub airports; our increasing dependence on technology in our operations; our ability to retain management and key employees; restructurings by competitors; the effects of terrorist attacks; and competitive conditions in the airline industry.
Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in Delta's Securities and Exchange Commission filings, including its Form 10-K for the fiscal year ended December 31, 2006, filed on March 2, 2007.
Investors and other interested parties can obtain information about Delta's Chapter 11 filing on the Internet at delta.com/restructure. Court filings, claims information and our Plan of Reorganization are available at deltadocket.com. Caution should be taken not to place undue reliance on Delta's forward-looking statements, which represent Delta's views only as of April 25, 2007, and which Delta has no current intention to update.
CONTACT: Delta Air Lines, Inc.
Corporate Communications
404-715-2554
LOL, I hear you!!
lol....I think its just the three of us in this stock anyway!!!!
That was me, I sold 100k to get 80 bucks to add to another stock I need to buy more of tomorrow. Sorry, I still own 500k and will not sell anywhere near this price! I know 80 buck is nothing but it helps with the damn broker fees, LOL!
Check out CHAG op! I talked to management today and they have big plans for this company! My post is on the board!
wonderful. 100,000 sell at .0009 to close the day. what a joke.
imo
I'm not sure but DEXTQ just went through it. All Ron has to do is talk to a attny and they could tell him how to find value here imo!
thx, sons. hey, sons or anyone, when a company like Astrocom has successfully reorganized under Chapter 11, and they have the old symbol with the "Q" on it, how do they go about getting the public stock revived and updated on the NASD 'Daily List' and all - with an offering of new company stock? Would their Chapter 11 plan possibly forbid it?
I know they would want of course a new symbol and cusip number, and those are easy enough, but what more would they have to do with the NASD, etc? Would they need to file a new 15c-211 and kind of 'start over?' seems this would not be hard. Of course they would stay on the pinks (possibly go to the greysheets until the 211 is formaliy acknowledged.)
thx,
j
imo
I saw BUNZQ, what a run, sorry to here you chose ATCCQ instead. Hopefully Ron will see the value in this shell and wake this up soon!
man, look at BUNZQ - I ALMOST BOUGHT THAT - bought ATCCQ instead - wonderful, huh.
SO ATCCQ could do a BUNZQ or better.
grats to those that bit the bun.
imho
LET'S LIGHT THIS ATCCQ FIRE. THIS WILL FLY. THIS IS STUPID THAT people are dumpin money into all kinds of slug-stocks that barely move - this thing will fly to a dime if people will get involved here and invest. ASTROCOM-Q is worth a major shot.
imho
Thats great......nice job......now if he can get something done that would be great!
Thats great......nice job......now if he can get something done that would be great!
Fantastic news, now we know that he will find value here and definately do something going forward. This is exactly what I wanted him to do. Great job op!!!
interesting from Astrocom president
(my italics), nothing insider here as far as i can see, just some dd, etc (hope it's ok i post it.)
from the president:
John,
I am doing some background investigation on what actually exists. My first guess is that there is no “shell” but that the old Common Stock, that was liquidated is simply being traded. Initially it was probably done to allow people to take the loss on taxes. I’m not sure why it continues. I have called the SEC and they are no help. I have a call in to Pink Sheets. Hopefully they will shed some light on this??
The 15-12G that we filed in 2004 states that there are 65 shareholders in Astrocom. That would be the current shareholders who were the debt holders when we reorganized. So if there is an entity it is the current Company which has no connection to the old stock.
Regards,
Ron
I THINK THIS SHOULD BE a RUNNER, FELLAS.
IMHO
These shells aren't worthless, the company thought they were but they lack education. Some links below show you what this could be worth and if they company did a RM they could receive $100k-$500k plus shares in the new company. Ron needs to pull his head out and smell the money!!
Business For Sale Listing BFS-119220 — Listed on Mar-13-2007
Pink Sheet Shell Available
Industry: Finance & Insurance // Public Shell Companies
Location: United States // Southeast States // Florida // Other Florida
Sales: Between $100 Thousand And $500 Thousand
Status: Active
http://www.mergernetwork.com/c/public-shell-companies-for-sale/
http://www.shellstockreview.com/ssr-Home.html
http://www.flexfinancialgroup.com/reversemerger.html
A empty shells value!!
Business For Sale Listing BFS-119220 — Listed on Mar-13-2007
Pink Sheet Shell Available
Industry: Finance & Insurance // Public Shell Companies
Location: United States // Southeast States // Florida // Other Florida
Sales: Between $100 Thousand And $500 Thousand
Status: Active
Oh I will, this is like any other shell it will take time but if and when the reinstatement hits then jackpot! I own several other shells and you have to be patient with them. Time will tell but the good thing is many of these shells are cheap so I don't have very much money tied to them.
after going thru Chapter 11 and cancelling all the common stock, why dont these stocks (like ATCC) just get delisted and removed? how can they still trade? and what are they trading with - the shares were cancelled - gone - poof. there's no common stock.
did he re-issue new stock post Chapter 11? we need to find out what the POST CHAPTER 11 Share structure is.
if he never did issue any stock, then this is just a ghost shell with no stock in it? just a totally naked shorted mass of nothing?
somebody educate me here, pls.
thx
imo
ALSO, this is my LAST FREE IHUB POST OF THE DAY IF I DONT RESPOND TO YOU, or email me at jhask7@peoplepc.com
thanks,
John
well keep on pestering him and eventually he will get this done. I have been holding this for a long time, i got in during the previous run a few years back, might as well hold some, what the heck. You never know if he plays this right, we could hit the jackpot
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ATCCQ -- Astrocom Corp.
Address:
3500 Holly Lane N.
Suite 60
Minneapolis, MN 55447
Website: http://www.astrocorp.com
Phone: 612-378-7800
[chart]profitspi.com/stock-chart-str.aspx?id=ATCCQ&ca=2028863832[/chart]
Outstanding Shares: 26,448,943 as of 2002-03-29
Latest Addt'l Issue=11-79 500,000 shs at $2.75 by Craig-Hallum, Inc.
Capital Change=3-84 shs increased by 3 for 2 split
Transfer Agent:
Wells Fargo Shareholder Services (Minneapolis, MN), South St. Paul, MN 55101
NEWS!
PLYMOUTH, Minn., Mar 10, 2009 (BUSINESS WIRE) -- Ecessa (formerly Astrocom), a leader in affordable WAN link controllers for small-to-medium sized enterprises (SME), has announced its new product family of affordable WAN Link Controllers that brings greater security and WAN link control to the SME market. The new ShieldLink family includes a built-in firewall and Virtual Private Network (VPN) gateway along with increased flexibility in defining access control. These features are integrated in one network device to provide SMEs with greater functionality and reliability to manage Internet traffic and maintain websites more effectively without the high costs of other WAN offerings.
By providing more integrated features targeting security, businesses save costs on implementing, managing and maintaining several new networking products, while maximizing secure and reliable 100% Internet traffic uptime. With the integrated VPN gateway feature, ShieldLink creates virtual tunnels that enable secure communications between sites by encrypting user traffic over the Internet using the strong security of IPsec. The VPN capability also provides flexibility in securing communications between remote telecommuters and the main office, regardless of location.
ShieldLink's integrated firewall enhances access to networks with new security feature sets, and increased flexibility in defining access control. ShieldLink defines three classes (WANs, DMZ and LANs) of network interfaces for handling various network traffic zones. Preventing network intrusion to private networks by inspecting traffic passing through it (both inbound and outbound), ShieldLink regulates the flow of traffic within determined zones. For example, the Internet is a zone with no trust, while the LAN is a zone with higher trust. A demilitarized zone (DMZ), located between the Internet and the LAN, is an intermediate level of trust.
"Ecessa has always been focused on the SME market, with a clear understanding of these specific customers' business and IT requirements for managing their WAN infrastructure," states Ron Thomas, president and CEO of Ecessa. "ShieldLink is the most recent example of how Ecessa continues to offer many enterprise-class features at a price point affordable to the SME market. This is extremely important when IT departments are looking to do more with less cost and resources."
Other ShieldLink capabilities include intelligently and efficiently distributing traffic among multiple, diverse network links and link aggregation (multi-homing); automated inbound and outbound load balancing and failover; site failover and fallback, redundancy, and traffic shaping. ShieldLink allocates Internet traffic across several links and uses bandwidth aggregation to maintain several links separately. With the ShieldLink channel bonding feature, multiple and diverse WAN links (i.e. cable, xDSL, T1, wireless, etc.) are combined into one large network connection to provide greater available bandwidth and reliability for large file transfers. Additionally, ShieldLink provides IT administrators with greater control, by allowing them to easily adapt to network changes based on an optimization layer within the WAN.
ShieldLink is available immediately in several configurations: 100, 250 for single sites and 55, 200, 250EHQ for multiple sites. ShieldLink can be purchased as a stand-alone secure WAN link controller, or as an add-on (software/firmware) module for existing Ecessa PowerLink products.
About Ecessa
Ecessa (formerly Astrocom) is a leader in affordable WAN link controllers for WAN and ISP link aggregation, automated load balancing, failover and network security tailored to meet the needs of small-to-medium sized enterprises (SME) that rely on the Internet for e-commerce and business-critical application delivery. Ecessa helps SMEs rapidly grow their business with 24/7 network high-availability, optimized WAN performance, flexible scalability and secure access - while streamlining IT costs.
At one-third the cost of other competing products, Ecessa's PowerLink and ShieldLink deliver industry leading price/performance value. Ecessa optimizes WAN traffic for organizations of all types who wish to improve network and application performance and eliminate downtime for business-critical, time-sensitive applications.
Ecessa uses multi-homing to connect a single LAN or WAN to multiple ISPs; enables quality-of-service (QoS) to prioritize network traffic that ensures the best possible bandwidth is always available to applications, especially during periods of congestion; and uses link load balancing and automatic failover to direct traffic to WAN links with the optimum bandwidth and cost-efficiencies.
Over 6,000 companies rely on Ecessa to cost-effectively ensure that each application has the appropriate Internet bandwidth and availability needed to support user and business requirements. The company is headquartered in Plymouth, MN. For more information, visit www.ecessa.com, or call us at 1-800-669-6242.
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