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DVNTF: The Ontario Superior Court of Justice (Commercial List) approved Diversinet Corp.'s plan of liquidation and distribution (the Liquidation Plan) in its Winding-up Order dated October 18, 2013. The claims process contemplated by the Liquidation Plan will be completed on December 16, 2013. Section 4.2(e) of the Liquidation Plan provides that all transfers of common shares after the completion of the claims process will be void unless sanctioned by the Liquidator.
*** NOTE: Finra deleted symbol.
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/16/2013&mkt_ctg=NON-OTCBB
Aren't patents and military business relationships worth more than what is being offered in buyout? I wonder if there is any other company interested in assets.
DVNTF under the radar:
http://ih.advfn.com/p.php?pid=nmona&article=51283177
Anyone still hanging in on this one? Fundies look really good.
-----I like this stock I'm in at 0.71 couple days ago This looks like will maintain up trend. Would like to here from anyone about this stock.
DVNTF RECENT 6-K:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6145540
Diversinet Corp. (DVNTF), AllOne Mobile Corp. Extend Partnership in Mobile Health Information Market
http://www.beaconequity.com/index.php?option=com_content&task=view&id=1538&Itemid=27
Lots of new Deals just announced
09/04/2007 (08:47 ET) DVNTF: Signs Agreement with AHG Health Group - Knobias
http://www.knobias.com/story.htm?eid=3.1.2c7ca96f6f2b367523be842dd6fe16c22b85c71a0caedfab2e1f2909778....
Tuesday , September 04, 2007 08:47ET
By Jay Everitt, jeveritt@knobias.com
Diversinet Corp. (DVNTF) announced it has successfully signed a License and Revenue Share Agreement with AHG Health Group, Inc. ("AHG"), a wholly owned subsidiary of Hospital Service Association of Northeastern Pennsylvania to cross license certain software and to share revenues from the secure mobile access to personal health information.
Under the three year agreement, Diversinet will receive U.S.$2 million annually as a minimum commitment from AHG. Diversinet and AHG will be initially focusing on Blue Cross Blue Shields Association member plans and other customers in the mobile personal health record market in the United States.
09/04/2007 (08:46 ET) Diversinet Closes $5 Million Strategic Investment from Blue Cross of Northeastern Pennsylvania - Canada NewsWire
http://www.knobias.com/story.htm?eid=3.1.6414c03607054a86a97ba7ba7b78175924d75387f554f135413968357f1...
Diversinet Closes $5 Million Strategic Investment from Blue Cross of Northeastern Pennsylvania
Tuesday , September 04, 2007 08:46ET
TORONTO, Sep. 4, 2007 (Canada NewsWire via COMTEX) -- Diversinet Corp. (OTCBB: DVNTF), a leading provider of wireless data application and security infrastructure products and services, today announced it has successfully closed U.S.$5.0 million in new funding through a private placement with Hospital Service Association of Northeastern Pennsylvania, d/b/a Blue Cross of Northeastern Pennsylvania ("BCNEPA").
Funding will be provided through the sale and issue of 6,756,757 shares by way of private placement at U.S.$0.74 per share for gross proceeds of U.S.$5,000,000. Under the funding agreement, William C. Reed, executive vice president for BCNEPA will join the Diversinet Board. The company will use this funding for working capital purposes and general operations.
"We welcome Bill to the Board and his experience gained in the health care industry will be invaluable as Diversinet moves forward," said Albert Wahbe, CEO and Chairman of Diversinet.
Prior to joining BCNEPA, Mr. Reed held numerous management positions in healthcare provider organizations including Gentiva Health Services, Quantum Health Resources, and Geisinger Health System. Mr. Reed received his Bachelor of Science in business administration from Drexel University and his Master of Science in computer science from Rutgers University.
After completion of the private placement, there are 41,742,075 shares issued and outstanding, and 54,121,972 shares on a fully diluted basis. The common shares cannot be re-sold in the public markets until a registration statement has been filed and declared effective by the U.S. Securities and Exchange Commission. This press release does not represent an offer to buy or to sell any securities. No investment banker commissions were paid in connection with this transaction.
09/04/2007 (08:46 ET) Diversinet Signs a 3 year License & Revenue Share Agreement with AllOne Health Group, Inc. - Canada NewsWire
09/04/2007 (08:45 ET) Diversinet Closes $5 Million Strategic Investment from Blue Cross of Northeastern Pennsylvania - PR Newswire
09/04/2007 (08:45 ET) Diversinet Signs a 3 year License & Revenue Share Agreement with AllOne Health Group, Inc. - PR Newswire
unbelievable that this thing is trading around $1 - diluted and for some reason "people" want to own it now. Looks like the technology is a little slow to be adapted or people just dont care about it. A nice pickup if you can get it ~ 50 cents or so, but at $1 it is a waste of money.
Diversinet (OTCBB: DVNTF) Reports Second Quarter 2006 Financial Results
Q2 Quarterly Revenues Up 45%, Net Loss Reduced By 49%
Company Closes Additional US$1.0 Million Private Placement
To read the full release click here: http://biz.yahoo.com/iw/060726/0147984.html
For more information click here: http://www.equityperformancegroup.com/more_information.php
Diversinet (OTCBB:DVNTF) Closes US$4.0 Million Private Placement & Adds Seasoned Venture Capitalist to Board
Diversinet Appoints Global Banking Veteran Albert E. Wahbe as Board Chairman. Company Closes US$4.0 Million Private Placement: Adds Seasoned Venture Capitalist to Board.
Read Full Story, Click Here: http://biz.yahoo.com/iw/060706/0141746.html
For More Information: http://equityperfgp.com/_wsn/page5.html
This is one that you just want to tuck a few shares away because the technology is solid and more than likely someone will just ley them develop it enough and then buy them, jmo though.
DVNTF Enters One of the Worlds Most Advanced Mobile Telecom Markets
Diversinet (OTCBB:DVNTF) adds SK Infosec to its roster of rapidly growing sales, distribution, and OEM partnerships, which already includes SanDisk Corp. (Nasdaq: SNDK), VeriSign Inc.(Nasdaq:VRSN), Magna Entertainment (Nasdaq: MECA), and RSA Systems (Nasdaq:RSAS).
As quoted from today’s news release, Jae Mo Park, CEO of SK Infosec said: "SK Infosec has a history of building strong partnerships with leading security technology providers, and we are pleased to have reached this agreement with Diversinet to distribute their best-of-breed security solutions to the Korean market."
To read the release in its entirety, please click here - http://biz.yahoo.com/prnews/060412/sfw056.html?.v=49
Here is their Transfer agent:
Computershare Trust Company of Canada Inc., Toronto, ON M5J 2Y1
Tel. : 416-263-9200
that is why I started this board to begin with, it is all a mystery or seems to be.
I was looking through filings for share structure.
Anyone know it? can't find it in any of filings, there are no q's filed for this.
Nagy Moustafa
Chief Executive Officer
Nagy Moustafa has focused since 1997 on his vision to take security technology into the mobile mass-market, a vision that has made Diversinet a leading innovator and brand name in the mobile security industry. Mr. Moustafa founded Diversinet and has led the company through over $50 million dollars in financing. Through partnerships with leading telecommunications and security companies, and expansion into global markets like Hong Kong and China, Diversinet was recognized by PROFIT magazine as Canada’s sixth-fastest growing company in 2004. Mr. Moustafa has been instrumental in bringing global business leaders and security experts to Diversinet’s Board of Directors and Advisory Board and assembling the current strong management team.
Mr. Moustafa was also the founder of CIT Inc., a global firm which specialized in delivering leading-edge solutions to major corporations around the world. Prior to CIT, Mr. Moustafa was Director of Information Technology with Rogers Communications and held senior positions at IBM, Computerland and the Canadian Ministry of Treasury and Economics. Mr. Moustafa is a member of the Young Presidents’ Organization, a global peer network that connects successful young corporate leaders to exchange ideas, pursue learning and share strategies.
Diversinet Licenses Mobile-Based Strong Authentication Technologies to RSA Security
The agreement includes licensing, development and revenue-sharing components that will result in revenues of a minimum of $2.2 million to Diversinet over three years.
http://biz.yahoo.com/prnews/060214/sftu117.html?.v=36
Well, this is just confirmation that my sole purpose in life is to serve as a warning to others. Bought more tho.
IMO, time to start buying again. Started at .36 and will continue to buy in medium sized lots. This one moves on very little volume so I wouldnt chase it.
The fact that it is still around after the last few years speaks volumes about the players continuing to put PP money and VC into DVNT technololgy. New regulations requiring the kind of authentication that DVNT can offer are just around the corner, and it will only take one big name contract to send this little dog flying.
I played this one from $1 to $40 in the dot com days and have had it on my watch list ever since. Instinct more than anything else has moved me from the sidelines. Merry Christmas and a happy trading year.
Not very exciting Q, this might take awhile, but they are involved an emerging technology. Lets see what happens with time, for now, just a blip on the radar - did 9k in vol on wednesday before thanksgiving - WOW, awesome eh? These are the types of companies that are either absorbed or just disappear. Doesnt cost anything to keep an eye on it though ;)
Revenues for the third quarter of 2005 were $258,000, compared to $720,000 in the third quarter of 2004. Cash used in continuing operations for the third quarter was $650,000, a decrease from the $705,000 used in the third quarter of 2004 and $661,000 in the second quarter of 2005. The net loss for the third quarter of 2005 was $3,323,000, or $0.17 per share, compared to a net loss of $660,000 or $0.05 per share in the third quarter of 2004. Included in the third quarter net loss are stock-based compensation, depreciation and amortization, goodwill impairment charges and customer asset impairment charges of $2,589,000 ($358,000 in Q3 2004). In early 2005, Diversinet deemphasized its professional service efforts to focus primarily on its MobiSecure suite of products. In February 2005 Diversinet sold the assets of DSS, its systems integration provider, and during the third quarter Diversinet wrote off all the remaining goodwill and customer assets for Caradas, its smart card solution division. With the completion of a $2 million private placement in September, cash and cash equivalents at September 30, 2005 were $2,570,000.
"We are very focused and strategically well positioned to deliver mass-market provisioning of our MobiSecure soft token authenticators onto any mobile phone, PDA or PC and through any network to combat phishing, identity theft, online fraud and identity misrepresentation worldwide." states Nagy Moustafa, CEO of Diversinet.
Current market and industry trends indicate the need for consumer-based strong authentication adoption is rapidly evolving. Governments globally are mandating strong authentication for online banking to combat fraud such as phishing and identity theft. According to a recent article in the Washington Post, 2.4 million consumers reported losing money directly because of phishing attacks. The U.S. Federal Trade Commission logged 635,000 consumer complaints for fraud and identity theft last year, with 61% for fraud and 39% for identity theft.
Additionally, as a result of the recent Federal Financial Institutions Examination Council (FFIEC) report "Authentication in an Internet Banking Environment", jointly released with the Federal Deposit Insurance Corporation (FDIC), banks and other financial institutions offering consumers the ability to conduct transactions over the Internet are expected to deploy some form of two-factor authentication to meet these new federal security requirements by the end of 2006. Diversinet's low-cost, highly scaleable mass-market MobiSecure product offerings will be an attractive solution for broad-based consumer strong authentication deployments.
Diversinet's unique combination of client software and wireless provisioning services enables the issuance and management of mobile device authentication tokens and also create a technology platform from which Diversinet can provide an entirely new and powerful set of capabilities in the mobile e-commerce environment in the form of digital identities, digital permissions and wireless wallets. Based on channel partner and customer feedback, a variety of wireless wallet types could be provisioned by Diversinet including: authentication wallets for soft tokens; credential wallets for age verification and identity cards; payment wallets for stored value, credit, and debit card permissions; and loyalty wallets for advertising, rewards and coupon permissions. Diversinet is well positioned to benefit from these emerging opportunities.
Third quarter 2005 channel and customer highlights include:
- The Company entered into an agreement with SanDisk® Corporation, the world's largest supplier of flash data storage card products, to include MobiSecure on SanDisk's TrustedFlash(TM) Cards. The solution is part of SanDisk's initiative to add to the capabilities of its flash cards beyond storage.
- The Company entered into an agreement with Gemplus, a world-leading provider of smart card solutions, to integrate Diversinet's MobiSecure OATH-compliant mobile authentication solutions within Gemplus solutions for wireless carriers. The product is slated to launch in early 2006.
- Magna Entertainment Corp. (MEC), North America's number one owner and operator of horse racetracks, selected MobiSecure to secure MEC customers' mobile betting transactions. MobiSecure will allow MEC to strongly authenticate bettors whether they use cellular, WiFi, Internet or on-track devices. Diversinet's product will also support geo-fencing and age verification, two important issues in the regulation of mobile betting.
The Company's corporate developments highlights include:
- The Company completed a $2 million oversubscribed private placement funding, which included new institutional investors. In total, Company insiders purchased 45% of the shares offered. Net proceeds will be used for working capital purposes, commercialization activities and enhanced product development with channel partners and direct customers.
- The Company introduced a two-factor authentication multi-token wallet for Symbian OS phones. Diversinet's MobiSecure Multi-Token Wallet allows consumers to load as many strong authentication credentials as they need into their Symbian OS mobile phones.
- The Company announced Over-The-Air (OTA) provisioning and lifecycle management services for OATH-compliant soft tokens. MASC offers secure OTA provisioning of multiple credentials with the MobiSecure Multi-Token Wallet; efficient OTA provisioning auto-detect features that determines the user's device type without requiring any input from the user; enhancements for automated OTA provisioning and end-user life-cycle management; and capabilities to embed specific user information into any MobiSecure soft token at the time of provisioning to significantly enhance its value in consumer applications for age verification, loyalty programs and mobile payments.
Diversinet's MobiSecure products and services leverage more than two billion mobile devices and PCs as strong authentication tokens. Diversinet's MobiSecure soft tokens and Mobile Authentication Service Center (MASC) offerings are available on the leading intelligent mobile device platforms, including Symbian, Microsoft, RIM, Palm and Java-based phones as well as on personal computers running Microsoft Windows operating system. Additionally, the Company is extending its reach into innovative consumer appliances by supporting SanDisk flash-memory cards and Gemplus SIM card mobile enabled devices.
About Diversinet (OTCBB:DVNTF - News)
Diversinet is a leading provider of personal authentication and security solutions for the wireless world. The Company's software and services protect user identity and provide secure access for new, innovative consumer and business applications using a variety of mobile phones, Personal Digital Assistants (PDAs) and personal computers. Diversinet's highly scaleable, open mobile security platform enables enterprises and service providers to rapidly develop, deploy and manage next-generation wireless security services. Diversinet's technology effectively simplifies what had previously been a very complex set of technical problems in both information security and wireless data communications. MobiSecure is the industry's first open mobile security platform to support OATH-compliant strong authentication on mobile devices and personal computers. For more information about the initiative for Open AuTHentication (OATH) visit www.openauthentication.org. Connect with Diversinet Corp. at www.diversinet.com.
I really dont know alot about this company, but it seems interesting. I do know that they are licensing their OATH tokens to Verisign and that they have worked a deal with Symbian and with Sandisk. The volume traded is atrocious and I am still puzzled by the actual outstanding share count and actual revenue that will be generated by the aformentioned agreements.
I started this so that maybe someone that knows something can add to the puzzle. I dont currently own it and watch it daily, not alot of movement (.51-.57 range) but could be nice if something pops with a partner.
I believe they were a network consulting company and have switched the entire business model and sold the consulting business - that is what I read at least. So who knows, hopefully we can find something in this one, if not - no real loss as it is only dd and discovery and I am not throwing my money at a mystery.
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