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The ticker GCS belongs to Dws Enhanced Commodi according to the stock chart. Who renamed this to Global Convergence Solutions? The iBox is incorrect for the ticker symbol too.
Will it happen on a Friday?
Clearly, GCS's CEO is very proud of his company and its revenue picture. He is also very proud of its recent patent, as well as it being named as the most innovative company of the year by a well-respected trade journal.
Taling all of this into consideration, the CEO probably would expect GCS stock to do extremely well when it first begins to trade.
How would he help bring that idea into being? By filing his 8K after the bell on Friday, thereby FREEZING every trader in their place come the opening bell the following Monday. Therefore, those not already in the trade would find it impossible to board on Monday (at anywhere near the price that ASYI is presently trading at), and those already in, who have set very low sell orders would not get filled if the opening price were to vault ABOVE those sell orders.
Therefore, the OPTIMAL day on which to drop that 8K would either be this Friday, August 10th (after the closing bell - when flippers go flat for the weekend), or Friday, August 17th, under similar situations.
IMO ... but I intend to be ready nonetheless.
$GCS
Thanks and will do!
Welcome aboard cucpa! And thanks for the boardmark. Please post several (or more) postings a day ... as it's good for the buzzcloud.
$GCS
Thanks for the invite william - i have boardmarked the board. Ready to roll!!!!
Excellent point. I'm going to do a little digging on this issue.
$GCS
P.S.: if you end each of your posts as I just did, it registers with the Buzz Cloud talley.
Boo Yah!! Go GCS and ASYI!
What will be interesting is if Beatty picks up this news in a couple of days and sends it out under mkhd news like he did with the last GCS news. See my post over on that board as I was battling with war
Also dated August 2nd.
I show NITE received a $400M infusion, William. Per:
http://www.nj.com/business/index.ssf/2012/08/wall_street_to_bail_out_jersey.html
Knight Capital Group Inc. received a $400 million cash infusion through the sale of convertible securities after trading losses spurred by a software failure drove the market maker to the brink of bankruptcy.
Investors agreed to buy preferred stock that will be convertible into approximately 267 million common shares, the company said today. Getco LLC, the automated trading firm backed by General Atlantic LLC, Blackstone Group LP, brokerages Stifel Nicolaus & Co. and TD Ameritrade Holding Corp., and the investment banks Stephens Inc. and Jefferies Group Inc. are investing, according to a statement
check out my post
[url][/url][tag]http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78227191[/tag]
If they do that to their own company, goes to show what they do to micro-cap stocks... I'm not surprise at all by NITE's behavior.
Just on the wire: Knight massively dilutes existing common stock by 73% ... and without shareholder approval.
$GCS
My understanding the 400mm converted to shares... double sucks for retail shareholders. Could be old news already...
Securities and Exchange Commission filing that an unnamed group of investors had "agreed to purchase an aggregate of $400 million of 2% convertible preferred stock," which "will be convertible into approximately 267 million shares of common stock of the Company
http://www.thestreet.com/story/11653475/1/knight-survives-while-shareholders-pay.html?puc=CNNMONEY&cm_ven=CNNMONEY
The news this morning stated that NITE wanted the SEC to reverse the $400M of 'errant' trades that it made last week. The SEC refused.
They've gotta lot of NERVE over at Knight.
$GCS
Everyone and their brother wants to short KCG... Thanks
Trading in NITE's (Knight Capital Group)has been HALTED! Stock price is down 31.85% in pre-market.
This may affect us positively!
$GCS
Excellent winning attitude Bud!!!
ASYI MERGER GOING TO BE HUGE...COULD SEE $1.00+..NOT OUT OF THE QUESTION HERE!!
Thank you hypehunter ... and keep up the excellent work with your very informative postings.
$GCS
Well done, tob999~ Thanks a bunch!
The letters are growing bigger by now.. GCS~~
http://investorshub.advfn.com/boards/tcloud2.aspx
Btw.. thank ya for creating this terrific board, william48~
..of course I've boardmarked it also!
NOT 8/15! You're setting yourself up (as well as other posters) for great disappointment. If August 15th comes and goes with no announcement, then it will be 'Boo-Hoo' city here. All because people didn't understand the timing available to Beatty.
The 'Drop-Dead' date on this play is midnight, Thursday, August 21st. Read the post below that thoroughly explains why.
$GCS
GCS's outstanding revenues are spreading THOUGHOUT THE INTERNET!
You don't have to go their website anymore to find out that GCS is having a STELLAR earnings year. The story is spreading across the Internet:
http://www.billingworld.com/news/2012/08/gcs-reports-record-sales-for-bss-oss.aspx
$GCS
From GCS's website:
GCS provides software solutions to the global telecommunications carrier marketplace. Its customers include some of the world’s largest and most diverse communications service providers including, Earthlink, Sify, KDDI and IBasis-KPN
Folks, these are some of the largest carriers out there! Our 'soon-to-be-wholly-owned-subsidiary is kicking some SERIOUS butt!
$GCS
BUZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ CLOUD!!!!!!!!!!!!!!!!
http://investorshub.advfn.com/boards/tcloud2.aspx
$GCS
Excellent job! GCS looking REAL good!
$GCS
I believe R/M plays can be AWESOME plays!!! IMO
Short sellers will have to cover?
Please note that August 15th is NOT the "drop-dead" date in this trade.
THE DROP-DEAD DATE IN THIS TRADE IS: midnight, Thursday, August 21st.
ASYI’s 2nd quarter ended on June 30th. It has 45 days from that date to file its 10-Q. That deadline date is therefore midnight, Rocky Mountain Time (as it’s incorporated in Nevada), on August 14th, which is 3:00AM, Eastern Standard Time on August 15th. Assuming that ASYI cannot obtain an extension to file (i.e., an NT 10-Q), due to the fact that’s its already received one such extension earlier this year, the August 15th date is truly a ‘drop-dead’ filing date. Even if it should manage to obtain such an extension (i.e., 5 additional days), we would still have an EXACT fix on its remaining time.
It must, however, be remembered that ASYI is NOT required to file a 10-Q if it is indeed going to merge with MKHD/Global Convergence Solutions, as it will be Global Convergence Solutions who will be required to make a filing in the place of ASYI (but more about that below). So don’t expect ASYI to file that 10-Q and incur the needless $25,000.00 to $35,000.00 cost of doing so … when such a filing would only be superfluous at this late stage in the merger transaction. Instead, ignore ASYI and fully expect a filing by GCS instead.
That particular filing (which will consist of a extraordinarily detailed 8K by GCS) is due within 4 business days of the “effective date” of the reverse merger.
http://www.littmankrooks.com/pdf/NYLJ%207-25-05%20-%20Reverse%20Mergers.pdf
Let’s then fully expect that Beatty and GCS will want to play more ‘mind-games’ with us and delay the announcement to the very last possible moment. So traders should take note that ASYI and GCS may seek to tinker with just what the “effective date” of the merger will be. Since the GCS 8K will TAKE THE PLACE OF the ASYI 10-Q, Beatty may attempt to fool us with a further delay, however short it might be. The ONLY possible additional delay (beyond the early hours of August 15th) that he might be able to achieve is by designating August 15th as the “effective date” of the merger and then obtaining permission from the SEC to delay the filing of GCS’s 8K until 4 business days AFTER that date … which would mean that the ABSOLUTE outside drop-dead date for this entire transaction would be midnight, Eastern Standard Time (as GCS is incorporated in New Jersey) on Thursday, August 2lst. While I do not think that Beatty could obtain such a delay, we should be very aware that he may well seek to get it.
If Beatty manages to pull-off this further delay, it will then look as if (on August 15th) that (1) ASYI elected not to file its 10-Q and (2) would therefore suffer the loss of its OTCBB trading tier status, AND (3) that the merger is not going to take place. Clearly, this ploy will utterly crush the hopes of uninformed traders (of which there are many; far too many in fact in this trade). Therefore, look for Beatty to try and do this. I would try to do it if I were him … and so would you if you really think about it.
AND FINALLY; EXPECT SOMETHING WEIRD IN THIS VERY WEIRD TRADE. SOME FINAL 'SUPRISE' ... SUCH AS A TRADING HALT IN ORDER TO CHANGE THE TICKER AND INCINERATE THE SHORT SELLERS.
Go $GCS!
Wow ginns be hard to sleep tonight!
.05 would be outstanding!
GCS has made 3rd row in THE BUZZCLOUD!!!!!!!!!!
Not bad for its very first day in existence. The letters are small ... but she's going to grow.
CONGRATS TO ALL WHO MADE IT HAPPEN!
http://investorshub.advfn.com/boards/tcloud2.aspx
You're most welcome. It's a 'work in progress' that many have already contributed to ... so I can't take the sole credit.
Thanks, glad you did this site.
No it won't ... and the SEC does not require it to. The very next time that we hear from GCS (which will be the very FIRST time), will be its 8K that will announce the completion of the entire merger.
Will GCS need to do a LOI wil ASYI?
Anything I can do help us all move forward!
GO GCS
Thank you SIR.
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SolutionsThe GCS Dynamic Management Solutions Suite was designed specifically for carriers to help them improve their inter-carrier voice back office operations. Retailers :: Eliminating the complexity Today's Retail telecommunications carrier is more than just a phone company. They are full service providers who must deliver not just the highest quality of service 100% of the time, they must do so while simultanteously delivering a host of other services (broadband, television, software solutions). The breadth of offerings that retail telecommunications carriers provide and support means they just don't have the resources available to them to dedicate solely to their voice business. Wholesalers :: Get Bigger and Better Faster Wholesale Telecommunications is an extremely complex and hyper competitive marketplace. The speed at which the industry moves on a daily basis create enormous operational challenges for every carrier. About GCSWe are a group of industry experts who came together to build great products, a great company and, hopefully, have a great time while doing it. Company Background: In 2006, Neal and Jay started GCS. Then they recruited the management team, which were all former colleagues and we've been helping carriers ever since. Management Team: The GCS Management Team is a collection of extremely talented professionals that is without peer in the industry. Collectively they possesses deep knowledge of the marketplace, the solutions needed coupled with an insatiable passion to deliver the best products and services. Neal Axelrad, CEO
Jordan Hunter joined GCS in 2007 and is responsible for leading the software development activities. Jordan brings years of experience continually designing and building workforce automation solutions specifically for the telecommunications industry. To contact Jordan, e-mail him at: jordan@globalconverge.com Brian Kirby joined GCS in 2007 and oversees the company's support engineering team which is responsible for ensuring that all GCS customers maximize the benefits of the GCS Dynamic Solutions. Brian, also a veteran of ITXC, is an expert at Next Gen Networks, Inter-carrier voice management and OSS/BSS systems and for a technologist has an incredible set of communications and management skills. To contact Brian, e-mail him at: brian@globalconverge.com Carl Schmidt, Director of Powerful Product Engineering Carl leads the team responsible for making sure our software solutions match up with the next generation network technologies that are being developed and deployed in the marketplace. He is the company's resident next gen network genius. He brings steep expertise and incredible knowledge of VoIP/SIP telephony. Carl started his career at ITXC and spent several years at Nextone (now Genband) and Infiniroute (Now TNS). To contact Carl, e-mail him at: carl@globalconverge.com Christian oversees all of the customer deployments. He possesses an incredible knowledge of the GCS Solution and the inter-carrier marketplace combined with great customer focused service skills. He acts as the customer champion in the organization and ensures we are always pursuing the right goals for our customers. Christian spent several years at ITXC and in the consulting industry before joining ITXC. To contact Christian, e-mail him at: chris@globalconverge.com NewsGCS Reports Milestone Sales for first half of 2012New York, NY (PRWEB) August 02, 2012 Global Convergence Solutions, Inc., (GCS) a leading pioneer in inter-carrier Operational and Business Support Systems (OSS & BSS) for the worldwide telecommunications marketplace, announces milestone sales and accomplishments for the first half of 2012. GCS has set a company record in the first half of 2012, with total contracted sales nearly equaling the total of all sales in 2011. This sales performance is fueled by Software as a Service (SaaS) growth increasing exponentially, with growth rates of more than 250%, compared to the first half of 2011. GCS' management team is forecasting a minimum year-over-year growth of 40%, exceeding the year-over-year growth experienced by the company from 2010 to 2011. "GCS continues to experience exceptional growth, frequently exceeding our own aggressive sales forecasts," states Neal Axelrad, CEO of Global Convergence Solutions. "We look forward to the future with new products, partnerships and R&D investments on the horizon. Through these sales accomplishments, we are able to reach a wider range of companies that can benefit from our services and effectively deliver those solutions." In addition to accelerated growth in terms of revenue and customers, GCS has also achieved notable product development milestones. GCS has received a patent for its dynamic call routing. The patent marks GCS' success as a market innovator, through the development of a unique call routing platform. GCS is also a recipient of TMC's Internet Telephony and Next Gen Mobility magazines 2012 NGN Leadership award. For more information on Global Convergence Solutions, visit http://www.globalconverge.com. About Global Convergence Solutions, Inc. For Global Convergence Solutions media inquiries, contact: |
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