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MSHI SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-70784.pdf
Order:
http://www.sec.gov/litigation/suspensions/2013/34-70784-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-70785.pdf
Pink no information 2k mo. avg vol.
Contact Info
259-263 Goffle Road
Hawthorne, NJ 07506
Website: http://www.mst-online.com
Phone: 973-304-6080
Email: info@mst-online.com
Update Company Info
Business Description
Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001372305
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 4841 - Cable and pay television services
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Frank T. Matarazzo CEO
Company Directors
Not Available
Company Notes
Formerly=Fitness Xpress Software, Inc. until 6-07. State of incorporation Nevada changed to Delaware concurrent with name change
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
MSHI Security Details
Share Structure
Market Value1 $29,817 a/o Sep 21, 2012
Shares Outstanding 29,816,552 a/o Aug 08, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 101 a/o Apr 15, 2008
Security Notes
Capital Change=shs increased by 1.05633803 for 1 split. Ex-date=06/01/2007.
Short Selling Data
Short Interest 0 (-100%)
Feb 26, 2010
Significant Failures to Deliver No
Transfer Agent(s)
Signature Stock Transfer, Inc.
Any reason this is at .20 cent?
Company looks to be growing nicely and was 7 times higher not long ago.
This could easily be back over 1.00 overnight, ya think?
MST-NuVisions(TM) Secures Proof of Concept Contract Win With New York City Housing Authority
Tuesday September 23, 8:00 am ET
Todt Hill Houses Residents to Benefit from Access to Low Cost Triple-Play Services Including High-Speed Internet Access, State-of-the-Art Satellite Television, and Digital Voice Services
HAWTHORNE, N.J., Sept. 23 /PRNewswire-FirstCall/ -- MSTI Holdings, Inc. (OTC Bulletin Board: MSHI - News), a carrier class communications technology company providing quadruple-play services, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST), has entered into an agreement with the New York City Housing Authority (NYCHA) to supply low cost High-Speed Internet Access (HSIA) to residents at Todt Hill Houses as part of a suite of triple-play services. The contract involves equipping NYCHA's Todt Hill Houses, comprising of seven buildings and a total of 502 apartments, with HSIA, digital voice and digital satellite television, utilizing the building's existing advanced telecommunications infrastructure. MST was selected for the Todt Hill Houses project after a competitive bid, with key factors being the breadth of its service offering and quality approach.
Central to the Todt Hill Houses installation is the provision of truly affordable Internet, widening the potential audience with lower price points and three Internet speed options. MST will also provide an alternative option for residents with its core Dish Network satellite television programming and digital telephone services, with the installation scheduled for completion during September 2008.
NYCHA is committed to eroding the digital divide, as Chief Information Officer Avi Duvdevani explains, "We have invested in rewiring Todt Hill Houses to ensure that we have the most up-to-date and flexible infrastructure in place. We are committed to providing our residents with access to the latest and best services, closing the gap on the digital divide by helping everyone afford HSIA."
Frank Matarazzo, CEO and founder of MST (NuVisions(TM)), added, "This is an important contract win for the company, demonstrating our ability to deliver high quality services matched to a wide cross-section of facilities and buildings. We are delighted to be working with NYCHA in this proof of concept project."
About the New York City Housing Authority
The New York City Housing Authority (NYCHA) provides decent and affordable housing in a safe and secure living environment for low- and moderate-income residents throughout the five boroughs of New York City. NYCHA has (343) Developments, with (2,636) buildings & (178,808) apartments.
MST-NuVisions Introduces New Powerline Communications-enabled Intercom Solution
Monday September 15, 8:00 am ET
New PLC-enabled Intercom Solution Provides a Single, Low-Cost Platform for Building-wide Security
HAWTHORNE, N.J., Sept. 15 /PRNewswire-FirstCall/ -- MSTI Holdings, Inc. (OTC Bulletin Board: MSHI - News), a carrier class communications technology company providing "quadruple-play" services, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST), introduced an end-to-end intercom solution that combines IP Telephony, electromechanical and IP networking elements for a cost-effective, reliable and non-disruptive approach to upgrade failing intercom systems in existing high-rise residential buildings as well as for new high-rise residential development projects.
MST will be conducting a live demo of the PLC-enabled intercom solution at the National Association of Telecommunications Officers and Advisors Conference in Atlanta, GA, on Thursday, September 18, 2008 at 2:30pm during a Technology Showcase entitled: Multiple Applications Using Powerline Communications (PLC) Networks in Public Housing.
"With the aging of many apartment buildings in major cities across the country, many building wide network and telecommunications systems have become obsolete or unfit to support intercom systems that are critical for building operation and security," said Frank T. Matarazzo, MST founder and CEO. "Our Powerline Communication-based intercom solution is a cost-effective, reliable and non-disruptive solution for this problem. In addition, it's future proof and provides a robust platform for building owners and managers to also deliver local and long-distance telephone service, high-speed Internet access or wireless Internet all through a single dynamic and highly-scalable PLC-based system."
Leveraging Telkonet Inc.'s (Amex: TKO - News) proprietary, patented Powerline Communications (PLC) products, MST is offering an efficient and proven technology already in use in the commercial environment, to provide a new and dynamic wired networking solution that improves building wide security and communications services. Telkonet's PLC networking product utilizes the existing electrical power grid within a building and turns it into a high-speed Internet Protocol (IP) network. Most importantly, installation costs are roughly half of a cabled solution and 25 percent less than a wireless solution, and network coverage is consistent and more reliable throughout the entire building. Users of the system utilize a standard IP Phone, in their unit, for intercom and/or video functionality including door release.
While the solution is optimized for any IP network transport, the manageability of the Telkonet PLC platform coupled with MST's real-time, 24-7-365 monitoring capabilities provides versatile "central station" support for the entire system. This "nerve center" monitoring solution includes status of intercom, close-circuit security, and most devices on the PLC network, enabling pro-active maintenance and quicker issue resolution for multiple network applications. The monitoring service is available on a subscription basis and has a comprehensive web-based portal with customizable reporting options.
"Our PLC-enabled intercom technology was designed to improve the lives of building residents by providing an affordable, safe, and secure housing solution and ultimately provide a seamless platform for bridging the digital divide through the turn-key ability to also offer affordable broadband as well as local, long-distance telephony services," added Matarazzo.
About MST (NuVisions(TM))
MST (NuVisions(TM)), a trademarked-brand of services of Microwave Satellite Technologies, Inc., offers "quadruple-play" services, including Dish Network digital satellite TV programming with 75+ channels of high definition television (HDTV), Digital Telephone (VoIP), High-Speed Internet Access, and Wi-Fi services and its NuConcierge Resident Amenity portal to multi-dwelling unit and commercial properties in New York, New Jersey and San Francisco. For more information, please visit: www.nuvisions.tv.
About MSTI Holdings, Inc.
MSTI Holdings, Inc. (MSHI.OB) is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MSTI offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MSTI's MST (NuVisions(TM)) offers satellite television, High-Speed Internet, Digital Telephone services and its NuConcierge Resident Amenity portal to multi-family residences, commercial buildings, and institutional owners. MSTI delivers its services using microwave and fiber optic technology for superior performance, and now offers 75+ channels of high definition television (HDTV). MSTI also operates its Interactive Wi-Fi hot-zone system that offers wireless Internet service in large geographic areas of New York City and New Jersey , and deploys its Powerline Communications (PLC) technology for multiple applications, including High Speed Internet, Video Teleconferencing, Intercom, Video Surveillance and Smart Building solutions in apartment buildings, hotels, and business environments. For more information, visit our website at www.mst-online.com
For all IR inquiries and interviews with MSTI Holdings, Inc. and MST (NuVisions(TM)) CEO and founder Frank T. Matarazzo, please contact Harrison Wise, 646-290-1717, PR@mst-online.com.
About Telkonet
Telkonet's unique broadband networking solutions currently support more than 2 million network users per month, with its energy management systems optimizing energy consumption in over 90,000 rooms. Telkonet's technology innovation is underpinned by the highest level of end-to-end quality of service, with comprehensive technical customer support. Its systems deliver wide-ranging functionality, from wired and wireless high-speed Internet access to energy management, IP surveillance and local area networking. Telkonet's platforms are widely deployed on the global stage - in single buildings and ships, in multi-building complexes, hospitality venues and multi-dwelling units, and at government, education and defense locations.
Telkonet's innovations include the revolutionary Telkonet Series 5 and the Telkonet iWire System(TM), which convert a site's existing internal electrical infrastructure into an IP network backbone - quickly, cost-effectively and without disruption. The portfolio also includes the integrated EthoStream product suite, providing a comprehensive and advanced technology management platform for the hospitality industry, differentiated by outstanding remote management tools and a dedicated customer support facility. Telkonet SmartEnergy(TM) completes the line-up, delivering typical bottom line savings of 30% by controlling in-room energy consumption according to occupancy. For more information, please visit www.telkonet.com.
Form 8-K for MSTI HOLDINGS, INC.
25-Aug-2008
Change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 20, 2008, Richard J. Leimbach resigned as the Vice President of Finance and principal financial and accounting officer of MSTI Holdings, Inc. (the "Company"). Mr. Leimbach's resignation was not the result of any disagreement with the Company or its management.
The Company's Board of Directors has appointed Ownkar Persaud to serve as its Vice President of Finance and principal financial and accounting officer, effective August 25, 2008. Mr. Persaud, 51, has served as the Company's Controller since February 2006, in which capacity he managed the Company's financial operations. Mr. Persaud has served as Assistant Controller and Sarbanes-Oxley Act of 2002 compliance auditor to Telkonet Inc., our majority stockholder, since January 2005. Previously, Mr. Persaud was the Assistant Controller at SOTAS Inc., a provider of telecommunication network management solutions, from October 1999 to December 2004.
There are no related party transactions between the Company and Mr. Persaud that are reportable under Item 404(a) of Regulation S-K. There is no family relationship among Mr. Persaud and the Company's other executive officers and directors.
Form 10-Q for MSTI HOLDINGS, INC.
14-Aug-2008
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis should be read in conjunction with the accompanying unaudited condensed consolidated financial statements and related notes thereto for the six months ended June 30, 2008 and 2007. The following discussion and analysis contains a number of forward-looking statements, all of which are based on our current beliefs and expectations and could be affected by the uncertainties and risks described throughout this Report. Our actual results may differ materially.
Overview
We are a carrier class communications technology company that specializes in providing true Quad-Play services to MTU and MDU residential, hospitality and commercial properties. These Quad-Play services include video, voice, high-speed internet and Wi-Fi access. We are also a national internet service provider ("ISP") and offer a suite of ancillary services including the design, installation and service of satellite and Internet Protocol ("IP") based video conferencing and surveillance systems.
Our revenue is subject to fluctuations due to the timing of sales of high-value products and service projects, the impact of seasonal spending patterns, the timing and size of research projects our customers perform, changes in overall spending levels in the telecommunication industry and other unpredictable factors that may affect customer ordering patterns. Any significant delays in the commercial launch or any lack or delay of commercial acceptance of new products, unfavorable sales trends in existing product lines, or impacts from the other factors mentioned above, could adversely affect our revenue growth or cause a sequential decline in quarterly revenue.
Due to the possibility of fluctuations in our revenue and net income or loss, we believe that quarterly comparisons of our operating results are not a good indication of future performance.
On May 24, 2007, the Company completed a merger transaction with Fitness Xpress, Inc., an inactive publicly registered shell corporation with no significant assets or operations. As a result of the merger, there was a change in control of the public entity. In accordance with SFAS No. 141, the Company was the acquiring entity. While the transaction is accounted for using the purchase method of accounting, in substance the agreement is a recapitalization of the Company's capital structure.
On July 18, 2007, the Company acquired substantially all of the assets of NTC, relating to NTC's business of providing broadband internet and telephone services at certain residential and commercial properties in the development known as Newport in Jersey City, New Jersey. Pursuant to the terms of the NTC acquisition, the total consideration paid was $2,550,000, consisting of (i) 866,856 unregistered shares of the Company's common stock, equal to $1,530,000 (which is based on the average closing prices for the Company common stock for the ten trading days immediately prior to the closing date), and (ii) $1,020,000 in cash, subject to adjustments.
We have incurred substantial operating losses. As of June 30, 2008, our accumulated deficit was $15,473,442 and the total stockholders' equity was $527,888. Losses have principally occurred as a result of the substantial resources required for the development of our "Quad-Play" infrastructure and support and administrative facilities. We expect to continue to incur operating losses as the anticipated subscriber growth absorbs the current resources and we may have to increase the headcount to provide the requisite services which will impact salaries and other associated costs.
Three and six months ended June 30, 2008 compared to the three and six months ended June 30, 2007
Revenues. During the three and six months ended June 30, 2008, we had an increase in revenues of $513,149 and $947,698 compared to the three and six months ended June 30, 2007, an increase of approximately 102% and 96%, respectively. This increase in subscriber revenue during the three and six months ended June 30, 2008, is a result of the acquisition of the NTC subscribers in 2007 and growth in video, high-speed data and voice subscribers. Also, the product and services revenue increase primarily due to higher rental of the Company equipment and installation services at events. We anticipate an increase in subscriber revenue through the installation of the Company "Quad Play" services in MDU or MTU building when contracted and the subsequent sale to the subscriber.
The table below outlines product and services versus subscriber (recurring) revenues for comparable periods:
Three months ended June 30,
Revenue: 2008 2007 Variance
Product and services $ 213,115 21 % $ 107,532 21 % $ 105,583 98 %
Subscriber 803,292 79 % 395,726 79 % 407,566 103 %
Total $ 1,016,407 100 % $ 503,258 100 % $ 513,149 102 %
Six months ended June 30,
Revenue: 2008 2007 Variance
Product and services $ 385,704 20 % $ 167,606 17 % $ 218,098 130 %
Subscriber 1,552,158 80 % 822,558 83 % 729,600 89 %
Total $ 1,937,862 100 % $ 990,164 100 % $ 947,698 96 %
Cost of Sales. During the three and six months ended June 30, 2008, we had cost of sales of $1,049,029 and $1,997,071 as compared to cost of sales of $769,953 and $1,559,450 during the three and six months ended June 30, 2007, an increase of 36% and 28%, respectively. Our costs primarily represent customer support, programming and amortization of the capitalized costs to support the subscriber revenue. The capitalized cable equipment and installation costs are depreciated over the lease term and include equipment and installation labor. The non-cash depreciation expense of the cable equipment and installation costs are included in cost of sales for the three and six months ended June 30, 2008 and 2007 in the amount of $224,659 and $432,715 compared to $148,023 and $287,345, respectively.
Gross Profit (Loss).Gross margins increased by $234,073 and $510,077 for the three and six months ended June 30, 2008 when compared to the three and six month period ended June 30, 2007, respectively. The increase during the three and six months ended June 30, 2008 was primarily due to the acquisition of additional subscriber revenue from NTC and increased revenue from our product and services category. The Company still experiences intense competition for its services in the New York area and the contractual costs for cable programming fees will continue to influence the fluctuation in our margins for the foreseeable future, until such time we are able to negotiate more favorable terms with our vendors.
Operating Loss. Operating expenses, which consist of sales and marketing expenses, depreciation and general and administrative costs, totaled $1,283,033 and $2,625,108 during the three and six months ended June 30, 2008 as compared to $1,021,776 and $1,882,615 during the three and six months ended June 30, 2007, respectively. The increase during the six months is primarily due to general and administrative expenses of $494,000, stock options expense of $224,000, and NTC subscriber amortization of $124,000. Operating loss was $1,315,655 and $2,684,317 during the three and six months ended June 30, 2008 as compared to $1,288,471 and 2,451,901 during the three and six months ended June 30, 2007.
Selling, General and Administrative Expenses. Selling, general and administrative expenses which consist of commissions, salaries, advertising, professional service fees, investor relations services and overhead expenses, totaled $1,000,229 and $2,060,296 during the three and six months ended June 30, 2008 as compared to $891,639 and $1,664,293 during the three and six months ended June 30, 2007. The increase during the six months ended June 30, 2008, is primarily associated with professional fees of $64,132, investor relations fees of $70,659, NTC operating costs of $138,746 and salaries and benefits of $87,630. Our management believes that our expenses will continue to increase as sales continue to grow and will optimize all its current resources to support our growth initiatives.
Depreciation and Amortization Expense (including cable equipment and installations). Depreciation expense totaled $234,488 and $452,373 during the three and six months ended June 30, 2008, as compared to $158,136 and $308,645 during the three and six months ended June 30, 2007. The amortization expense totaled $138,879 and $277,759 during the three and six months ended June 30, 2008 as compared to $76,998 and $153,996 during the three and six months ended June 30, 2007. This increase was due to the acquisition of the NTC subscriber list.
Net Loss. We had a net loss of $1,864,029 and $3,240,888 for the three and six months ended June 30, 2008 as compared to $1,390,516 and $2,689,272 for the three and six months ended June 30, 2007. The increased loss is attributable to the build-out of the support infrastructure and the increase in non-cash depreciation related to installing new and retrofitting properties to capitalize on future, subscriber based revenue opportunities. Our management believes that net losses will continue and will make every effort with the current headcount in the sales, engineering, administration, and our customer support infrastructure in order to generate additional revenue through subscriber growth.
Liquidity and Capital Resources
Our working capital decreased by $1,733,014 during the six months ended June 30, 2008 from a working capital deficit of $(2,554,279) at December 31, 2007 to a working capital deficit of $(4,287,293) at June 30, 2008. The decrease in working capital for the six months ended June 30, 2008, resulted in a net decrease in cash of $865,469. The most significant uses of cash are as follows:
· Approximately $762,000 of cash consumed directly in operating activities;
· Approximately $767,000 was expended on net purchases of cost of cable equipment and installations and fixed assets; and
As of June 30, 2008 and December 31, 2007, we had cash and cash equivalents of $157,496 and $1,022,965, respectively.
As of June 30, 2008 and 2007, the Company had a balance due to Telkonet, Inc., our majority owned parent company, in the amount of $1,869,144 and $120,021, respectively, for loans made to the Company. The loans between the companies relate to advances from Telkonet, Inc. for their common stock equal to $1,530,000 in conjunction with the NTC acquisition on July 18, 2007 and net of inter-company advances of $339,144 which also includes certain shared services for professional fees, administrative and other operating matters. The loans are unsecured and bear interest at the prime rate calculated monthly. On May 24, 2007, $5,000,000 of this debt was converted into 5,000,000 shares of our common stock at a conversion price of $1.00 per share.
Convertible Senior Debentures and Registration Rights Liquidated Damages
On May 24, 2007, the Company completed a private placement of units, pursuant to which 5,597,664 shares of common stock and five-year warrants to purchase 2,798,836 shares of common stock were issued at an exercise price of $1.00 and subsequently reduced to $0.65 per share, for total net proceeds of $2,694,020. Additionally, the Company also sold senior convertible debentures for total proceeds of $6,050,000. The debentures bear interest at a rate of 8% per annum, commencing on the first anniversary of the original issue date of the debentures, payable quarterly in cash or common stock, at the Company's option, and mature on April 30, 2010. The debentures are not callable and are convertible at a price of $0.65 per share into 10,117,462 shares of common stock. In addition, holders of the debentures received five-year warrants to purchase an aggregate of 5,058,730 shares of the Company's common stock at an exercise price of $1.00 and subsequently reduced to $0.65 per share.
The Company agreed to file a "resale" registration statement with the SEC within 60 days after the final closing of the private placement and the issuance of the debentures covering all shares of common stock sold in the private placement and underlying the debentures, as well as the warrants issued in connection therewith. The Company has agreed to use our best efforts to have such "resale" registration statement declared effective by the SEC as soon as possible and, in any event, within 120 days after the initial closing of the private placement and the issuance of the debentures.
In addition, with respect to the shares of common stock sold in the private placement and underlying the warrants, the Company agreed to maintain the effectiveness of the "resale" registration statement from the effective date until the earlier of (i) 18 months after the date of the closing of the private placement or (ii) the date on which all securities registered under the registration statement (a) have been sold, or (b) are otherwise able to be sold pursuant to Rule 144, at which time exempt sales may be permitted for purchasers of the units, subject to the Company's right to suspend or defer the use of the registration statement in certain events.
On September 21, 2007, we received approval from the requisite number of purchasers of the units and the convertible debentures to extend the deadline for causing the " resale " registration statement to be declared effective by the SEC to November 21, 2007.
In the event that such registration statement was not declared effective by the Securities and Exchange Commission on or before November 21, 2007, we became obligated to pay liquidated damages to the purchasers of the units and the convertible debentures equal 1% of their $9,128,717 purchase price for each month of delinquency commencing from the original effectiveness date of September 21, 2007, with respect to the units and September 22, 2007, with respect to the convertible debentures.
In accordance with EITF 00-19-2, the Company evaluated the likelihood of achieving registration statement effectiveness. Accordingly, the Company has accrued an estimate of $500,000 as of December 31, 2007, to account for these potential liquidated damages until the expected effectiveness of the registration statement is achieved. We have received waivers from the debenture holders and the unit holders, whereby they have waived all rights to liquidated damages due to the registration statement not being declared effective by the SEC in a timely manner. Since the liquidated damages have been waived, we have reversed the accrued amount of $500,000 during the period ended June 30, 2008.
Our registered independent certified public accountants have stated in their report dated April 14, 2008, that we have incurred operating losses in the past years, and that we are dependent upon management's ability to develop profitable operations. These factors among others may raise substantial doubt about our ability to continue as a going concern.
We will need to raise additional capital in the short term to fund our operating needs. Our operating needs include the planned costs to operate our business, including amounts required to fund working capital and capital expenditures. Additional investments are being sought, but we cannot guarantee that we will be able to obtain such investments. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of our common stock and the downturn in the U.S. stock and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing. Further, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. If additional financing is not available or is not available on acceptable terms, we will have to curtail our operations.
Cashflow analysis
Net Cash Used In Operating Activities. Cash utilized in operating activities was $(761,944) for the six months ended June 30, 2008 as compared to $(1,594,968) for the six months ended June 30, 2007. The decrease was primarily due to direct costs and operating expenses related to operations.
Net Cash Used in Investing Activities. Net cash used in investing activities totaled $(766,586) for the six months ended June 30, 2008 compared to $(651,203) for the six months ended June 30, 2007. Approximately $766,586 and $575,000 was used during the six months ended June 30, 2008 and 2007, respectively, to build the infrastructure needed to generate future subscriber revenue.
Net Cash Provided by Financing Activities. Net cash provided by financing activities totaled $663,061 for the six months ended June 30, 2008 compared to $7,510,692 for the six months ended June 30, 2007. The Company received from Telkonet Inc. the sum of $598,857 and $(483,289) during the six month periods ended June 30, 2008 and 2007, respectively. During the period ended June 30, 2007, the Company received net proceeds from the sale of its common stock of $2,694,021, net proceeds from the issuance of convertible debentures of $6,050,000 and incurred financing costs of $746,762.
Form 8-K for MSTI HOLDINGS, INC.
2-Jun-2008
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Secur
Item 1.01 Entry into a Material Definitive Agreement.
In connection with our May 2007 private offering of convertible debentures (the "Debentures") and warrants to purchase common stock (the "Warrants"), we entered into a Securities Purchase Agreement (the "Purchase Agreement") with the purchasers of the Debentures and Warrants (the "Purchasers"), which prohibited us from, directly or indirectly, among other things, creating or incurring any indebtedness (other than Permitted Indebtedness, as such term is defined in the Purchase Agreement) without the consent of the holders of at least 85% of the principal amount of outstanding Debentures.
On May 27, 2008, the Purchasers executed a letter agreement (the "Letter Agreement") with us containing, among other things, the following:
(i) Each of the Purchasers consent to the issuance of additional Debentures;
(ii) The Purchasers agree to purchase an aggregate of an additional $81,522 of Debentures (the "Additional Debentures") in the denominations set forth in the Letter Agreement, with the same rights and obligations as the original Debentures;
(iii) The Purchase Agreement is amended to include the Additional Debentures and the shares issuable upon the exercise of the Additional Debentures; and
(iv) The Registration Rights Agreement entered into in connection with the Purchase Agreement is amended so that the term "Registrable Securities" includes the shares issuable upon the exercise of the Additional Debentures.
The foregoing summary is not a complete description of the terms of the Letter Agreement, and reference is made to the complete text of such Letter Agreement, attached hereto as Exhibit 10.1.
Item 3.02 Unregistered Sales of Equity Securities.
As described in Item 1.01 above, on May 27, 2008, we issued $81,522 of Additional Debentures, due April 30, 2010, that are convertible into an aggregate of 125,418 shares of our common stock at a conversion price of $0.65 per share. The Additional Debentures were issued with an 8% Original Issue Discount. As a result, we received $75,000 from the issuance of the Additional Debentures.
We are prohibited from effecting the conversion of Additional Debentures to the extent that as a result of such conversion the holder of the Additional Debentures beneficially owns more than 4.99% (or, if such limitation is waived by the holder upon no less than 61 days prior notice to us, 9.99%) in the aggregate of the issued and outstanding shares of our common stock immediately after giving effect to the issuance of shares of our common stock upon the conversion. Such Additional Debentures bear 8% interest per annum commencing on the first anniversary of the issue date of the Additional Debentures, payable quarterly in cash or common stock, at our option. The Additional Debentures are senior indebtedness and the holders of the Additional Debentures have a security interest in all of our assets and those of our subsidiaries.
In addition, for one year following issuance of the Additional Debentures, the holders of the Debentures have the right of first refusal to participate in any equity or equity-linked financing conducted by us (other than traditional bank financing) whereby each holder has the right to purchase its pro rata portion that is equal to the ratio of (x) the subscription amount paid by such purchaser and (y) the sum of the aggregate subscription amounts paid by all purchasers of the Debentures participating in the right of first refusal. The Additional Debentures have "full-ratchet" anti-dilution protection for the period in which the Additional Debentures remain outstanding.
The foregoing description of the Additional Debentures does not purport to be complete and is qualified in its entirety by reference to the complete text of the form of Securities Purchase Agreement and Debenture which are filed herewith as Exhibits 10.3 and 10.2, respectively.
The issuance of the Additional Debentures was made solely to "accredited investors," as that term is defined in Regulation D under the Securities Act and were not registered under the Securities Act, or the securities laws of any state, and were offered and sold in reliance on the exemption from registration afforded by Section 4(2) and Regulation D (Rule 506) under the Securities Act and corresponding provisions of the state securities laws, which exempt transactions by an issuer not involving any public offering.
Income Statement
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Mar-08 31-Dec-07 30-Sep-07 30-Jun-07
Total Revenue 921 911 775 990
Cost of Revenue 948 974 872 1,559
Gross Profit (27) (64) (97) (569)
Operating Expenses
Research Development - - - -
Selling General and Administrative 1,193 1,557 1,531 1,707
Non Recurring - 2,452 - -
Others 149 146 145 175
Total Operating Expenses - - - -
Operating Income or Loss (1,369) (4,218) (1,772) (2,452)
Income from Continuing Operations
Total Other Income/Expenses Net 773 4 (461) 29
Earnings Before Interest And Taxes (595) (4,214) (2,234) (2,423)
Interest Expense 781 649 225 266
Income Before Tax (1,377) (4,863) (2,459) (2,689)
Income Tax Expense - - - -
Minority Interest - - - -
Net Income From Continuing Ops (1,377) (4,863) (2,459) (2,689)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (1,377) (4,863) (2,459) (2,689)
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($1,377) ($4,863) ($2,459) ($2,689)
Income Statement Get Income Statement for:
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Dec-07 30-Sep-07 30-Jun-07
Total Revenue 911 775 990
Cost of Revenue 974 872 1,559
Gross Profit (64) (97) (569)
Operating Expenses
Research Development - - -
Selling General and Administrative 1,557 1,531 1,707
Non Recurring 2,452 - -
Others 146 145 175
Total Operating Expenses - - -
Operating Income or Loss (4,218) (1,772) (2,452)
Income from Continuing Operations
Total Other Income/Expenses Net 4 (461) 29
Earnings Before Interest And Taxes (4,214) (2,234) (2,423)
Interest Expense 649 225 266
Income Before Tax (4,863) (2,459) (2,689)
Income Tax Expense - - -
Minority Interest - - -
Net Income From Continuing Ops (4,863) (2,459) (2,689)
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income (4,863) (2,459) (2,689)
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares ($4,863) ($2,459) ($2,689)
MSHI.ob (.30) MSTI Holdings Delivers Turnkey Quad-Play Services with First Installation of Telkonet''s 200 Mbps Series 5 PLC Platform at 370 Lexington Avenue in New York City
Monday, April 28 2008 - 8:01
MSHI $0.30 $-0.01 (%-3.23)
HAWTHORNE, N.J.--(BUSINESS WIRE)--
MSTI Holdings, Inc./NuVisions (OTCBB: MSHI), a carrier class communications technology company specializing in providing true quad-play services to residential, hospitality and commercial properties, announced today that it has completed the first installation of Telkonet's next generation Series 5 200 Mbps powerline communications platform (PLC), providing a complete turnkey communications package for legal support specialist Cobra Legal Solutions LLC ("Cobra") at 370 Lexington Avenue in New York City. The Series 5 Platform, which uses the existing electrical infrastructure in office buildings, provides the Company with a significant competitive advantage, as it allows MSTI/NuVisions to install a suite of communications services without incurring the costs associated with structured wiring of an entire building.
MSTI/NuVisions and Telkonet, Inc. (AMEX: TKO) are partnering to bring the groundbreaking Telkonet Series 5 platform to building owners throughout the Tri-State area as part of an aggressive marketing program. 370 Lexington represents the first commercial deployment of the Telkonet Series 5 platform, enabling organizations such as Cobra to benefit from its significant advances in capacity, performance, security and Quality of Service. Cobra provides world-class legal support for U.S.-based businesses and law firms, and required a fast track and complete solution
"We selected MST/NuVisions for its unique ability to offer us a turnkey solution," said Jeffrey Isenberg, Cobra's Managing Director/Technology and Operations. "In a short time, we had to move into our office space and organize our operations. NuVisions' ability to handle all of our communications needs without dealing with multiple companies played a key role in our ability to complete the move seamlessly."
MST is providing Cobra with an extensive communications package through its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST, Inc./NuVisions), which includes high performance video conferencing, using the Company's proprietary TeVue solution. NuVisions was contracted to provide a complete range of installation services, working in conjunction with IT Consultants Mac Hounds Inc., encompassing all aspects of the design, equipment, implementation and support services. Some of the features Cobra will enjoy include broadband service, with 2Mbps symmetrical bandwidth that can be dynamically throttled to higher speeds, and hosted Voice over IP (VoIP), providing an end-to-end hosted VoIP telephony solution. This includes the provision of telephone equipment and the TeVue Video Conferencing solution, providing point-to-point video conferencing between Cobra's offices in New York and India. Key to the implementation is NuVisions' ability to support the stringent network security levels required by the Cobra team's applications.
"The example of Cobra's installation demonstrates the scope and value of our turnkey approach, quickly and efficiently installing multiple communications platforms," said Frank Matarazzo, CEO of MST Inc. "The new Series 5 platform provides MSHI with a compelling cost advantage versus competitors, allowing us to quickly install communications services at a fraction of the cost other service providers. Customers at 370 Lexington and throughout the tri-state New York area can now benefit from the true "quad-play" offering we provide commercial accounts."
About NuVisions
NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers "quad play" services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York, New Jersey and San Francisco. For more information, please visit www.nuvisions.tv.
About MST Inc.
MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST Inc.'s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments. For more information, visit our websites at www.mst-online.com and www.nuvisions.tv.
Safe Harbor Statement
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results can be found in the Company's Report on Forms 8-K filed with the Securities and Exchange Commission (SEC).
Source: MSTI Holdings, Inc.
Form 8-K for MSTI HOLDINGS, INC.
--------------------------------------------------------------------------------
12-Feb-2008
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement.
In connection with our May 2007 private offering of convertible debentures (the "Debentures") and warrants (the "Warrants"), we entered into (a) a Securities Purchase Agreement with the purchasers of the Debentures and Warrants (the "Purchasers"), which prohibited us from issuing shares of common stock or common stock equivalents until 90 days after a registration statement registering all of the common stock underlying the Debentures and Warrants (the "Registration Statement") is declared effective by the Securities and Exchange Commission (the "SEC"), subject to certain limited exceptions, and (b) a Registration Rights Agreement with the Purchasers, which stated that if the Registration Statement was not declared effective by the SEC on or before November 21, 2007 (the "Effectiveness Date"), we would be required to pay to each Purchaser, for each month in which the Registration Statement had not been declared effective, an amount in cash equal to 1% of the aggregate purchase price paid by such Purchaser for any unregistered securities then held by such Purchaser ("Liquidated Damages").
On February 11, 2008, the Purchasers executed a letter agreement (the "Letter Agreement") with us containing, among other things, the following:
(i) The Purchasers waived any non-compliance with clause (a) above, along with any and all related penalties, damages and claims, in connection with our issuance of (A) $3 million of shares of common stock to Telkonet, Inc., (B) shares of common stock in connection with acquisitions or strategic transactions approved by our directors, but not including a transaction where the shares are being issued primarily for the purpose of raising capital or to an entity whose primary business is investing in securities, and (C) 2,000,000 shares of common stock to employees and consultants under our 2007 Stock Incentive Plan at an exercise price of no less than $0.65 per share;
(ii) The Purchasers waived any non-compliance with clause (b) above, along with any default, breach or threatened breach, arising under the Registration Rights Agreement, the Debentures or the Warrants, and waiving any Liquidated Damages, in each case resulting or that could result from our failure to have the Registration Statement declared effective by the SEC by the Effectiveness Date. In exchange for the investors waiving their rights to Liquidated Damages, we agreed to reduce the exercise price of the Warrants from $1.00 to $0.65;
(iii) If Frank Matarazzo ceases being our Chief Executive Officer, that would be an event of default under the Debentures; and
(iv) The exercise price of all of our outstanding options and warrants was set at $0.65 per share.
The foregoing summary is not a complete description of the terms of the Letter Agreement, and reference is made to the complete text of such agreement, attached hereto as Exhibit 10.1.
MSTI Holdings (NuVisions) Expands Service Offerings into Shore Condominium's North Tower at Newport on Jersey City's Hudson River Waterfront
Tuesday February 12, 8:00 am ET
HAWTHORNE, N.J.--(BUSINESS WIRE)--MSTI Holdings, Inc. (OTCBB: MSHI - News) or “MST”, a carrier class communications technology company that specializes in providing "quadruple play" services consisting of video, voice, Internet and Wi-Fi to multi-tenant unit and multi-dwelling unit residential, hospitality and commercial properties, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (NuVisions™), has expanded its current customer base by offering its services to 220 apartment homes in the new North Tower of the Shore Condominium Residences at Newport.
Recently, NuVisions announced that it had extended its service offerings to 216 residential units in the South Tower, a sister building to the North Tower. Newport is a vast mixed-use community in Jersey City, N.J. being developed by the LeFrak Organization ("LeFrak"). NuVisions provides communications services to approximately 2,000 other Newport commercial and residential customers.
"We are pleased that MST has been selected to continue offering its services to another large residential building at Newport," said Frank T. Matarazzo, CEO, Microwave Satellite Technologies, Inc. “We look forward to providing our highly responsive customer service and diverse communications systems to residents of additional Newport properties in the coming years.”
Similar to the South Tower, the North Tower is a 28-story glass encased condominium, designed by the architectural firm of Page + Steele, on the Jersey City Hudson River Waterfront, consisting of one-and two-bedroom apartment homes, three-bedroom duplex apartment homes, four-bedroom triplex apartment homes, as well as penthouse residences. The building features luxurious construction and high-end private club amenities exclusively for condo owners. The North and South Towers are architecturally "connected" by a 7-story base, containing a street level supermarket and retail facilities, and a 6-level indoor parking garage for condo owners, shoppers, and visitors. The rooftop has tennis courts and a putting green. An ice skating rink is situated in a park-like oval setting near the shopping amenities.
“We are pleased that the North Tower condo owners can avail themselves of NuVision services," said Jamie LeFrak, Managing Director of the LeFrak Organization. "We believe these services are of the highest quality."
Newport currently consists of approximately 4,660 apartments; 5 million square feet of office space in eight modern buildings; 2 million square feet of retail shopping facilities, including a 1.2 million square foot Simon regional shopping mall; a 187-room business hotel; restaurants; parks; playgrounds; two private schools; one half mile section of the Hudson River Waterfront Walkway; a 180-slip marina; and on-site parking for more than 14,000 vehicles. When completed, the $10 billion Newport development will include another 4,500 apartment homes; a 429-room Westin Hotel, currently under construction; 2 million square feet of new office space; and another mile of Hudson River Waterfront Walkway, making it one of the largest mixed-use communities in the United States.
The LeFrak Organization is one of the nation's largest privately held diversified real estate companies. It is involved in the development of large scale mixed use communities, commercial and residential properties, on-site property management, as well as commercial interests in investment management, oil and gas exploration, and wind generated energy. Founded in 1901 - and headquartered in New York City - the LeFrak Organization has been acclaimed internationally for its commitment to responsible community development and environmental preservation.
About NuVisions
NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers “quad play” services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York and New Jersey. For more information, please visit www.nuvisions.tv.
About MST Inc.
MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., (MSHI.OB) is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST Inc.’s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City and Jersey City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments. For more information, visit our websites at www.mst-online.com and www.nuvisions.tv.
Safe Harbor Statement
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results can be found in the Company's Report on Forms 8-K filed with the Securities and Exchange Commission (SEC).
Contact:
CEOcast, Inc.
Gary Nash, 212-732-4300
gnash@ceocast.com
or
Rubenstein Public Relations
Olga Shmuklyer, 212-843-8364
oshmuklyer@rubensteinpr.com
MSTI Holdings (NuVisions) Expands Service Offerings into Shore Condominium's South Tower at Newport on Jersey City's Hudson River Waterfront
Friday February 1, 8:00 am ET
HAWTHORNE, N.J.--(BUSINESS WIRE)--MSTI Holdings, Inc. (OTCBB: MSHI - News) or “MST”, a carrier class communications technology company that specializes in providing "quad play" services consisting of video, voice, Internet and Wi-Fi to multi-tenant unit and multi-dwelling unit residential, hospitality and commercial properties, announced today that its wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (NuVisions™), has expanded its current customer base by offering its services to 216 apartment homes in the new South Tower of the Shore Condominium Residences at Newport. Newport is a vast mixed-use community in Jersey City, N.J. being developed by the LeFrak Organization ("LeFrak"). NuVisions provides communications services to approximately 2,300 other Newport commercial and residential customers.
"We are pleased that due to the strong customer reception we have received and high level of satisfaction, MST/NuVisions has been selected to offer our bundle of data and video products to residents of another building in this impressive complex," said Frank T. Matarazzo, CEO, Microwave Satellite Technologies, Inc. “We look forward to providing high-quality programming and excellent customer service to Newport residents and to increase further our relationship with LeFrak.”
The South Tower is the first of two 28-story glass encased condominium sister buildings, designed by Page + Steele, on the Jersey City Hudson River Waterfront. The South Tower consists of one- and two-bedroom apartment homes, three-bedroom duplex apartment homes, four-bedroom triplex apartment homes, as well as penthouse residences. The building features luxurious construction and high-end private club amenities exclusively for condo owners. Eventually the South Tower will be architecturally "connected" to a North Tower by a 7-story base, containing a street level supermarket and retail facilities, and a 6-level indoor parking garage for condo owners, shoppers, and visitors. The rooftop has tennis courts and a putting green. An ice skating rink is situated in a park-like oval setting near the shopping amenities.
"It is gratifying to be able to offer NuVisions’ communications services to South Tower residents," said Jamie LeFrak, Managing Director of the LeFrak Organization. "It is consistent with our aim to provide amenities enhancing residents' welfare and enjoyment."
Newport currently consists of approximately 4,660 apartments; 5 million square feet of office space in eight modern buildings; 2 million square feet of retail shopping facilities, including a 1.2 million square foot Simon regional shopping mall; a 187-room business hotel; restaurants; parks; playgrounds; two private schools; one half mile section of the Hudson River Waterfront Walkway; a 180-slip marina; and on-site parking for more than 14,000 vehicles. When completed, $10 billion Newport development will include another 4,500 apartment homes; a 429-room Westin Hotel, currently under construction; 2 million square feet of new office space; and another mile of Hudson River Waterfront Walkway, making it one of the largest mixed-use communities in the United States.
The LeFrak Organization is one of the nation's largest privately held diversified real estate companies. It is involved in the development of large scale mixed use communities, commercial and residential properties, on-site property management, as well as commercial interests in investment management, oil and gas exploration, and wind generated energy. Founded in 1901 - and headquartered in New York City - the LeFrak Organization has been acclaimed internationally for its commitment to responsible community development and environmental preservation.
About NuVisions
NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers “quad play” services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York and New Jersey. For more information, please visit www.nuvisions.tv.
About MST Inc.
MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., (MSHI.OB) is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST Inc.’s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City and Jersey City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments. For more information, visit our websites at www.mst-online.com and www.nuvisions.tv.
Safe Harbor Statement
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results can be found in the Company's Report on Forms 8-K filed with the Securities and Exchange Commission (SEC).
Contact:
CEOcast, Inc.
Gary Nash, 212-732-4300
gnash@ceocast.com
or
Rubenstein Public Relations
Olga Shmuklyer, 212-843-8364
oshmuklyer@rubensteinpr.com
--------------------------------------------------------------------------------
Source: MSTI Holdings, Inc.
Done deal ydrone ...thanks for the great lesson..very much appreciated..
How do you get to write on the ibox? Do you use standard html code?
Instead of
img src=http://i13.tinypic.com/6askpdu.jpg
You can try
img src=http://i13.tinypic.com/6askpdu.jpg width="800" height="600"
Lines enclosed within < >
Pick a width/height size to fit. 640x480, 320x240, etc.
By this weekend I can upload a new set that are smaller.
How do you re-size the pix? tia
You need to resize those ... it's eating up a huge space on the ibox. I can do that but I'm out on the road this week and I don't have the software with me on this laptop.
Thanks for the pix ydrone much appreciated..ibox updated
I was in the area today, took some pictures of the location. Storm Noel was bringing light rain when I took them. Feel free to crop and use it in ibox. Size is 3 megs a piece.
Note, I do not have any shares nor do I intend to buy any in the future. However, I can say that this business has been here for well over 20 years. Nothing visually has changed since then, the signs on the building and the one stuck in the grass has withstood the test of time. Back in high school I used to work part-time at a place down the street.... ah the memories.
http://i13.tinypic.com/6askpdu.jpg
http://i5.tinypic.com/4v8ifk5.jpg
http://i10.tinypic.com/4r937z6.jpg
Companies featured in this edition of the newsletter: ACCP, ACTC, CYTR, ENZ, GNBT, HJHO, HYTM, ITUI, MLSC, MSHI, NTRN, PBIO, PLKH, PLRS, TKO, USAT, VOIC, VQPH
With Halloween fast approach, it was only appropriate that the ghosts of Black Monday would haunt investors on the 20th anniversary of Black Monday, as stocks plunged Friday as a series of disappointing earnings announcements stoked fears that a recession could be looming. The Dow lost 571 points for the week, with much of the decline coming Friday, or 4.0%, lowering its annual gains to 8.5%. The Nasdaq fell 80 points, or 2.8%, paring its year-to-date gain to 12.8%. The S&P lost 61 points, or 3.9%, trimming its yearly gain to 5.8%, and the Russell 2000 dropped 42 points, or 5.0%, leaving it with an annual return of just 1.4%.
Investors were busy sifting through earnings reports last week as over 80 members of the Standard & Poor's 500 Index reported results. All in all, the numbers came in mixed with the likes of Google, Intel and Yahoo! topping forecasts while Citigroup, Caterpillar and 3M fell below estimates. With stocks logging significant advances this year, investors used the murky earnings picture to lock in profits. It did not help that crude oil crossed $90 a barrel for the first time. Worries over insufficient supplies for the winter, coupled with the concerns over the conflict in northern Iraq and buying activities by foreign funds that looked to take advantage of attractive dollar-denominated energy futures all contributed to the upward move in oil prices. As housing remains a “significant drag" on the economy according to Fed Chairman Bernanke, rising energy prices only "fuel" to the fire, creating an additional strain to the already weakened U.S. economic state.
From a technical perspective, there are a couple of areas worth watching. The Dow broke through its 50 day-average average on Friday, but it was barely held to remain above its September high and mid-September breakout level of 13494. The Nasdaq, reflecting the underlying outperformance of technology stocks, held above the 38% retracement of the September/October rally at 2724/2720. Note that there was a significant increase in the TRIN, which is a measure of selling pressure and a good indicator of investor "fear." Friday's close at 3.59 was its highest since February, 2007 and levels such as this in the past have suggested signs of at least stabilization or a corrective bounce over the short term.
What should investors look for this week? Earnings season continues in earnest. On Monday morning, expect announcements from Haliburton Co. (NYSE: HAL), Kimberly-Clark Co. (NYSE: KMB), Merck (NYSE: MRK), and Schering-Plough Corp. (NYSE: SGP), followed by American Express (NYSE: AXP), Apple Computer (NASDAQ: AAPL), and Texas Instruments (NYSE: TXN) after the close. Before the opening bell on Tuesday, AT&T Inc. (NYSE: T), DuPont (NYSE: DD), and United Parcel Service (NYSE: UPS) will report, with Amazon.com Inc. (NASDAQ: AMZN) releasing numbers after the close of business. Boeing (NYSE: BA), ConocoPhillips (NYSE: COP), DaimlerChrysler (NYSE: DAI), and Merrill Lynch (NYSE: MER) will release numbers Wednesday morning. Thursday morning, Aetna Inc. (NYSE: AET), Bristol-Myers Squibb (NYSE: BMY), Dow Chemical (NYSE: DOW), Honda Motors (NYSE: HMC), LM Ericsson (NASDAQ: ERIC), Motorola (NYSE: MOT), and Raytheon Co. (NYSE: RTN) will report earnings, followed by Amgen (NASDAQ: AMGN), and Microsoft Corp. (NASDAQ: MSFT) after the closing bell.
The economic calendar is quiet. Existing Home Sales for September will be announced at 10:00 a.m. on Wednesday, followed by weekly Crude Inventories at 10:30 a.m. Durable Goods for September, and weekly Initial Jobless Claims will be announced at 8:30 a.m. on Thursday, with New Home Sales for September being reported at 10:00 a.m. Lastly, the revised University of Michigan Sentiment data for October will be announced on Friday at 10:00 a.m. Expect commentary from Fed Gov. Kroszner on Monday.
Access Pharmaceuticals, Inc. (OTC Bulletin Board: ACCP) will be presenting clinical and preclinical data on its lead anticancer compound, ProLindac, at the International Conference Molecular Targets and Cancer Therapeutics: Discovery, Biology, and Clinical Applications taking place October 22-26, 2007 at the Moscone Convention Center West in San Francisco, CA. VioQuest Pharmaceuticals (OTC Bulletin Board: VQPH), will also present data pertaining to its two leading oncology candidates, VQD-002 and Lenocta, at the same forum, and will also present at the Paramount BioSciences Healthcare Conference on Tuesday, October 23, at the Waldorf Astoria Hotel in New York City.
Volume Alert: Shares of healthcare services company Hythiam, Inc. (NASDAQ: HYTM) surged to their highest level since July last week on more than three times average volume, before retreating on Friday, as investors anticipated the release of top-line data that clinical investigator Dr. Harold C. Urschel, III, M.D., M.M.A. will release later this month on the first double-blind study of PROMETA, HYTM's protocols for treating drug and alcohol addiction. It is worth noting that earlier this month the same investigator published results of an open-label study he conducted using PROMETA to treat methamphetamine dependence. The study, published in The Mayo Clinic Proceedings journal, a publication of the prestigious Mayo Clinic in Rochester, Minnesota, was the first study on the protocols that was peer-reviewed. The primary endpoint of the study to be released later this month is cravings, which are thought to play a key role in relapse. The analyst community appears bullish on the prospects for a favorable outcome. The RBC analyst stated in a recent note that "we remain cautiously optimistic that the results will demonstrate a statistically significant reduction in cravings. Although this study is only 30 days long, we believe the timeframe is long enough to determine reduced cravings." Likewise, the Brean Murray analyst noted that, "The recently peer-reviewed Mayo Clinic Proceedings Journal publication established the PROMETA arm in the Urschel study - 66% reduction in cravings. Based upon our analysis, it is highly unlikely that the placebo arm, despite the negative limitations of a 30-day study, can achieve a similar result. In addition, we have come to understand that all of the longer-term studies in progress have retention rates and negative urine test rates that are higher than the investigators in these placebo-controlled studies typically see with other anti-addiction approaches. We believe reduction in cravings translates to reduction in actual use, and that future trials will demonstrate this within 3-6 months." Note that the stock closed above its 200-day moving average for the first time since July. Shares ended the week at $8.11, up 82 cents.
Volume Alert: What is bad news for one company can often be good news for a competitor. Last week, Pfizer finally gave up on Exubera, the first inhalable insulin product on the market, and in the process recorded a $2.8 Billion write-off, an acknowledgement of a giant failure, even for a company of Pfizer's size. Not surprisingly, shares of drug delivery companies, one of this year's poorest performing sectors, were punished, with one exception. Generex Biotechnology Corporation (NASDAQ: GNBT), traded nearly 5 times average volume last week after the Exubera news, as a note from the Rodman & Renshaw analyst titled, "Disappointment with Exubera enhances Oral-Lyn insulin's opportunity" noted that "They believe disappointment with Exubera diminishes it as a competitor and enhances (GNBT) Oral-lyn's opportunity as a safe, more tolerable, non-injectable insulin for the treatment of patients with diabetes. In light of the significant hurdles associated with the adoption of inhaled insulin, they believe that a significant opportunity exists for Oral-lyn." Generex also reported that it has entered several service agreements related to the Phase III global multi-center clinical study for Oral-lyn, expected to include 750 patients with Type-1 diabetes mellitus. The company has selected PSI-CRO AG Clinical Research Services, Nextrials, Inc., and eResearchTechnology, Inc., to provide clinical services for the trials, in which enrollment is expected to begin in the near future. Generex believes a successful international trial will pave the way for the commercialization in the U.S. and Canada. Shares bucked the trends in the sector, ending the week at $1.59, up 2 cents.
Enzo Biochem, Inc. (NYSE: ENZ), a company engaged in the research, development and manufacture of innovative health care products, last week reported impressive results for its fourth quarter and fiscal year ended July 31, 2007. Revenue for the quarter rose 81% to $17.9 million from $9.9 million, reflecting a 46% increase in Clinical Lab revenues, an increase of $1.2 million in royalty and license fee income and $3.1 million in product revenues attributed to the acquisition of Axxora Life Sciences Inc. Full year revenues totaled $52.9 million, up 33% from a year earlier. Gross profit totaled $29.7 million, up 26% from 2006. Net loss for the quarter was ($0.09) compared to a ($0.14) loss a year earlier, and handily beat the lone analyst's estimates of a ($0.12) loss. For the year the net loss totaled ($0.38) versus a loss of ($0.49) in 2006, an improvement of over 22%. Enzo ended the year in stout financial shape, with working capital of $113.9 million, cash and cash equivalents of $105.1 million, equity of $141.9 million and no debt. With the life sciences division demonstrating growth for the first time in years, helped by the acquisition of Axxora, value-oriented investors may be attracted to the stock, as the sum of the parts appears to exceed the current valuation. Shares ended the week at $12.44, down one penny.
Telkonet, Inc. (AMEX: TKO), the leader in providing in-building broadband access over existing electrical wiring and innovative energy management systems, last week announced that Motel 6 has signed a four year energy maintenance agreement for Telkonet SmartEnergy at thirty-nine Motel 6 properties in North America. The agreement will involve over 10,000 rooms when fully implemented. The installation of Telkonet SmartEnergy typically reduces heating and cooling related energy consumption by approximately 30%. The system automatically tracks room occupancy to optimize temperature settings by relaxing the temperature when a room is empty and then recovering to guests' temperature set-points within a pre-defined number of minutes upon their return. Telkonet SmartEnergy thermostats include programmable parameters that allow guests to adjust room temperatures within a range dictated by hotel management. Motel 6 is known as a leader in green energy management practices, receiving Energy Star Leader status from the U.S. Environmental Protection Agency in 2006 for improving energy efficiency. Telkonet reported last week that Vantage Hospitality Group, Inc., the 12th largest hotel company worldwide, and the parent company of Americas Best Value Inn, had given Telkonet's SmartEnergy system "Preferred Provider Status." The company also announced that it has acquired a 30% stake in 1-800-905-GEEK,the nation's premier provider of on-site computer services, from several stockholders of 1-800-905-GEEK in exchange for 2,940,200 shares of Telkonet common stock valued at approximately $4.5 million. This strategic investment is designed to bring Telkonet's family of broadband networking and energy management products to the small business and residential markets. The GEEK LINK SYSTEM, which is based on Telkonet's in-building powerline communications (PLC) technology, is now fully developed, and shipments have already begun to fulfill initial orders. Shares ended the week at $1.50, up 4 cents.
Shares of CytRx Corporation (NASDAQ: CYTR), a biopharmaceutical research and development company, got a boost last week as Oppenheimer & Co. initiated coverage of CytRx Corp. with a "Buy" rating, and a target price of $6.00. Oppenheimer cited the commercial potential of CytRx's lead molecular chaperone drug candidate Arimoclomol, which has been given Fast Track designation by the FDA for the treatment of ALS, and has also been given Orphan Drug status by the FDA, and by the European Commission. Opco also sees RXi Pharmaceuticals (86% owned by CytRx) as one of the few "pure play" companies in the RNAi technology field. CtyRx currently has plans to spin off RXi Pharmaceuticals as a dividend to its shareholders. Shares ended the week at $3.62, up 5 cents.
Pressure BioSciences, Inc. (NASDAQ: PBIO), a company focused on the development of a novel, enabling technology called Pressure Cycling Technology (PCT), last week reported that a study focused on the discovery and identification of potential biomarkers of colon cancer using PCT for the extraction of proteins from colon cancer tissues was presented on Sunday, October 14, 2007 at the Annual Scientific Meeting of the American College of Gastroenterology. The data presented indicate that an apparent tumor signature protein (hCG1787564) extracted from colon tumor tissue by PCT might be a biomarker that could be of benefit to surgeons treating colon cancer patients. Colon cancer is the second leading cause of cancer death in the United States. The company believes that this study might signal the beginning of PCT becoming a significant tool used by independent scientists in the preparation of their samples for other important scientific studies. Shares ended the week at $5.72, up 9 cents.
USA Technologies, Inc. (NASDAQ: USAT), a developer of cashless vending and energy management products, last week announced that it has completed a private placement of 2.1 shares of common stock at a price of $7 per share resulting in gross proceeds of $15 million, to be used towards the purchase of e-Port devices for the Quick Start program. As reported last week, the Quick Start purchasing program is a limited time offer giving vending machine operators and bottlers a "no money down" opportunity to bring their customers the convenience of using credit and debit cards. A vendor or bottler would pay only $24.95 per month for the e-Port device and full e-Port Connect services for a pre-determined time period, allowing them to compete and benefit immediately in the cashless marketplace. By eliminating the up-front cost of acquisition, the company expects to drive adoption of cashless vending, in a similar manner to the razor, razor blade concept. Note that 10% holder SAC purchased 284,000 shares in the offering. Shares ended the week at $7.48, down 26 cents.
Advanced Cell Technology, Inc. (OTCBB: ACTC), a company applying stem cell technology in the emerging field of regenerative medicine, last week announced that the American Heart Association (AHA) has selected the company's Myoblast Phase I(b) trial as a featured late breaking trial for its annual Scientific Sessions Conference in Orlando Florida on November 4, 2007 through November 7, 2007. ACT's myoblast therapy involves the transplantation of expanded adult progenitor stem cells (myoblasts) derived from a small biopsy of skeletal muscle from a patient's leg. The technology allows for the expansion of myoblasts into hundreds of millions of cells over a short period, with the resulting myoblasts transplanted back into the patient's scarred heart tissue. The myoblast program has successfully completed Phase I human clinical trials utilizing the therapy safely in over forty patients, in four independent studies, all conducted under FDA oversight. The FDA has reviewed the Phase I data and will allow the company to proceed with a Phase II human clinical trial of approximately 160 patients. While shares of other stem cell companies sold off last week, ACTC closed at its highest level in six weeks, perhaps indicating that investors have begun to recognize the value that was created by the recent acquisition of Mytogen, Inc. Investors may want to watch the upcoming IPO of Bioheart, another stem cell play for its impact on the sector. Shares of ACTC ended the week at $0.31, up two cents.
Halcyon Jets Holdings, Inc. (OTCBB: HJHO), a luxury charter aircraft broker, last week reported that it has created a new division called "Halcyon O.P.L.", with NBA superstar Shaquille O'Neal, with an eye on marketing the company's luxury travel services to the sports and entertainment communities. Mr. O'Neal has also agreed to make personal appearances on behalf of the company. The company believes Mr. O'Neal will help accelerate its penetration into the sports and entertainment sectors, similar to the contacts made by company director Spike Lee in the entertainment industry. Mr. O'Neal, who travels extensively on chartered aircraft, is a regular customer of Halcyon. The company also announced that it has joined Virgin Charter's Charter Member Program, giving it access to Virgin Charter's online marketplace, designed to sell, purchase and book charter flights on private aircraft. This significantly increases the number and type of private aircraft available, and will allow Halcyon to offer customers greater flexibility in booking flights, and increases the company's ability to offer transportation to customers in remote locations. Shares ended the week at $1.30, unchanged.
Medical Discoveries, Inc./Global Clean Energy Holdings LLC (OTC: MLSC),a biofuel feedstock development and operations company, last week reported it has signed a development agreement with Corporativo LODEMO S.A DE CV, a well known Mexican corporation, to develop and operate a number of large commercial-scale Jatropha farms throughout Mexico. The first farm is in development and is expected to generate revenue for MDI/Global from commercial off-take sales during 2008. LODEMO will be responsible for the overall day-to-day operations of the Jatropha project in Mexico, including the planting of the fields, the hiring of the required employees, the cultivation and harvesting, and the transportation of the seeds, Jatropha oil and biomass. The agreement also indicates plans for the construction and operation of a seed oil extraction facility, as well as construction of jointly owned biodiesel refining facility in Mexico. Goldman Sachs recently lauded Jatropha as one of the best candidates for future biodiesel production, with cost estimates of Jatropha-based biodiesel in the range of $45 per barrel, compared to $132 per barrel for rapeseed (canola) based biodiesel, and roughly $128 per barrel for soy based biodiesel. With current oil prices hovering near $90 per barrel, MDI/Global Clean Energy's Jatropha solution appears to have come at precisely the right time. Shares ended the week at $0.07, down one cent.
MSTI Holdings, Inc. (OTCBB: MSHI), a carrier class communications technology company, last week announced that its wholly-owned subsidiary, MST (NuVisions), been selected by Urban West Development to provide genuine Quad-Play and eConcierge solutions to residents of One Rincon Hill, a luxury high-rise residential development that will become one of San Francisco's tallest landmarks, offering 695 condominiums in 55- and 45- story towers, as well as 14 townhomes. When completed in 2008, One Rincon Hill will be the tallest residential building in the U.S. west of the Mississippi River. This agreement is another milestone in the company's stated growth strategy of expanding into strategic U.S. regional markets. NuVisions services are currently offered in a number of high-profile buildings in New York metropolitan area, including Fifteen Central Park West, Trump Tower, Trump Palace, Trump Parc, and Trump Parc East. Shares ended the week at $1.05, down 26 cents.
Shares of Neutron Enterprises, Inc. (OTCBB: NTRN), a developer of digital media solutions, traded actively last week as the company announced that Zions Bank, a subsidiary Zions Bancorp, one of the nation's premier financial services companies, has renewed its license for its high school stock market simulation with Neutron's Stock-Trak Inc. subsidiary. In addition Stock-Trak will develop another trading simulation web site to compliment Zions' primary investment site, Zions Direct, providing individual investors an opportunity to simulate trading different products offered by the bank. Zions Bancorp operates its banking businesses through more than 500 offices and approximately 600 ATMs in 10 western and southwestern states, and is a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Neutron reported last week that eFinancialCareers.com, a leading provider of financial career opportunities, job market news and analysis, had also renewed its contract with its Stock-Trak to host various financial trading games with European university students. Shares ended the week at $0.59, up 9 cents.
ProLink Holdings Corp., (OTCBB: PLKH), the world's largest provider of Global Positioning System golf course management systems and on-course advertising, reported last week that Falcon Ridge Golf Club in Mesquite, NV, now features the ProLink Solutions GPS system. Other notable Nevada courses offering the ProLink system include Tuscany Golf Club, Las Vegas Paiute Resort and DragonRidge Country Club. Falcon Ridge also plans to participate in the company's exclusive national advertising opportunity, in collaboration with ABC National Television Sales, Inc. Shares ended the week at $0.83, down two cents.
Pluristem Life Systems, Inc. (OTCBB: PLRS), a bio-therapeutics company dedicated to the commercialization of products for a variety of malignant, degenerative and auto-immune indications, last week announced that results from Fraunhofer Institute's ongoing in vivo study, utilizing Pluristem's proprietary PLacenta eXpanded (PLX) cells in treating ischemic stroke, showed initial promise as a potential therapy to treat stroke victims. PLX cells are stem cells obtained from the placenta and expanded using Pluristem's proprietary 3D PluriX technology. PLX cells were systemically injected into spontaneously hypertensive rats that had undergone middle cerebral artery occlusion, a commonly accepted ischemic stroke model, and showed a significant advantage in functional recovery over a control group that did not receive PLX cells. Pluristem believes these results, combined with favorable results of pre-clinical studies of its proprietary PLX cells for additional clinical indications being released next week at the 3rd World Congress on Regenerative Medicine in Leipzig, Germany, show great promise in treating millions of ischemic stroke patients, an estimated $4 billion market. Shares ended the week at $0.04, up one cent.
VoIP, Inc. (OTCBB: VOIC), a provider of turnkey Voice over Internet Protocol (VOIP) communications solutions for service providers, last week reported preliminary Caerus results for its third quarter ended September, 30, 2007. The company reported third quarter revenue of approximately $2.6 million, an increase of 39% over the second quarter of 2007. The company also reported gross profit of $669,866, the first quarter of positive gross profit in the company's history. VoIP, Inc. also reduced its net loss from approximately $2.2 million in the fiscal 2007 second quarter to $1.2 million in the third quarter, an improvement of 44%. The company believes sequential monthly revenue will continue to increase, and said it expects to be cash-flow positive in November 2007. As partial confirmation of these expectations, VoIP, Inc. reported an increase in usage from existing customers resulting in a 40% increase in overall network minutes per day over the company's network during the period from September 15, 2007 to October 15, 2007. Shares ended the week at $0.45, down 20 cents.
On the Wires: i2Telecom International, Inc. (OTCBB: ITUI), a developer of ultra-portable high quality Voice-over-Internet Protocol products and services, announced the appointment of Mark Hewitt to the position of Chief Strategic Officer. Hewitt brings over 26 years of experience and in-depth technological guidance in communications and broadband technologies.
A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO ITS OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. This publication accepts compensation from companies that it features. This newsletter should not be regarded as an independent publication. Our editors may, from time to time, acquire positions in the companies that they cover. This could represent a conflict of interest. The CEOcast newsletter shall be under no obligation to inform readers about its trading activities. CEOcast's editors reserve the right to buy or sell shares in these companies at any time. The following companies, featured in this newsletter, have compensated CEOcast: Access Pharmaceuticals, seven thousand five hundred dollars per month and eight thousand seven hundred twenty shares of stock for a six-month program, Advanced Cell Technologies, fifteen thousand dollars per month, CytRx, fifteen thousand dollars per month for a six-month program, Enzo Biochem, seventeen thousand five hundred dollars per month, Generex Biotechnology, five thousand dollars per month and two hundred twenty five thousand shares of stock for a one-year program; CEOcast received five hundred twenty thousand shares from previous agreements, Halcyon Jets, fifteen thousand dollars per month and two hundred thousand shares of stock for a one-year program, i2 Telecom, seven thousand five hundred dollars per month and one million shares of stock for a one-year program, Medical Discoveries, eight thousand seven hundred fifty dollars per month and approximately four million three hundred thousand shares for a one-year agreement, MSTI Holdings, ten thousand dollars per month and two hundred fifty thousand shares of stock for a one-year agreement, Neutron Enterprises, seven thousand five hundred dollars per month and fifty thousand shares of stock for a six-month agreement, Pressure Biosciences, twelve thousand five hundred dollars per month, ProLink, seven thousand five hundred dollars per month and one hundred eighty five thousand shares of stock for a one year program, Pluristem Life Systems, ten thousand dollars per month and one million shares of stock for a six-month program, Telkonet, ten thousand dollars per month and one hundred thousand shares of stock for a one-year program, Hythiam, ten thousand dollars per month and sixteen thousand five hundred shares of stock for a one-year program; CEOcast received sixty-six thousand shares from previous agreements; editors of CEOcast have also purchased approximately one million four hundred twenty-five thousand shares of the company's stock, USA Technologies, ten thousand dollars per month, VoIP, Inc. ten thousand dollars per month and three hundred fifty thousand shares of stock for a one-year program, VioQuest, thirteen thousand five hundred dollars per month.
You're right candy be careful..IMO you better off daytrade this one..A few indicators on the chart start to show some dilution going on..I should be a concerned if I were you..Just keep on eye on it and if it pops again just take your profit and run..
Candy, that buy is looking saaaaaaaweeeeeeeeeeeeeeeet..
I am involved in this issue is anyone else I got 25K @$1.01 a week ago
Nice news release today. I like growth prospects. Seeing the company being picked in a niche market like this is excellent for reputation.
Company is almost too new for me to get a deep feel for what they do. The business scheme does seem as if it is a good niche; In what way is the company linked to GigaBeam (GGBM)? The reason I ask is because the kind of business that MSHI is in, would be best focused in places such as Dubai where money is abundant and GGBM is doing a lot of business lately with the real estate market booming in the Middle East.
As for Lebed being involved with the stock, it is hard to tell exactly what that means for the company. In some cases, Lebed is paid in stock, paid in cash, or sometimes he is not paid at all by a company, but intends on purchasing shares for himself. A lot of the stocks he pumps are deals where a third party intends on selling the stock, and get him to create some volume and price appreciation. You can see through a lot of those. In this case, the company has paid Lebed $20k for a months worth of "marketing" the stock. I like it better than a third party doing so, but what does this mean for the stock? I believe that, after looking at the SEC filings and considering that the company is in a growth stage, the reason the compant hired Lebed is to cushion some dillution. They are aurthorized up to 90 million shares, and with a nice chunk of debt, will probably need to funding and thus issue some of the authorized shares. That means the price will most likely remain stagnant.
Long term, I think the company has a good future, and the stock too. I would suggest a slow accumulation to balance any dillution. GGBM had some rough times, and if MSHI is riding any of their success, then we should eventually see some of the recent success that GGBM has finally found.
As for Lebed, if he sends a stock pick where he is buying the shares with his own money, I often times buy the stock too. He RARELY looses with his own money, and does see returns of 500% in many cases, and those are usually over a year. He best recent pick was BIDZ, invested his own money, company did well recently, and stock went from 8's to 15's. He is pretty good. Just remember he has alos been in trouble with the law. Watch his stuff and you will know which ones he is smartly behind. You can make some money on his skills.
Good luck to all.
He usually starts pumping AFTER it peaks. I've been tracking him for almost 3 years. His success rate is about 10%.
I'm not saying more good things can't happen here, just saying that most of the time the stock drops quick after he appears..
I would feel better if he actually predicted the rise, and not show up AFTER it happened.
Nope...
Good to see you posting to this board...btw welcome..
Additional e-mail from Lebed:
Take a look at this: http://www.forbes.com/lists/2007/54/richlist07_Richard-LeFrak-family_NK89.html
Richard LeFrak is now the 117th richest American with a net worth of $3 billion.
It says in his Forbes 500 profile: "Grandfather Harry started developing New York City real estate 1901. Father, Sam, became paragon of mass-market home building: "I produced an apartment every 16 minutes." Richard studied at Amherst College, joined family business early 1970s; became chairman after dad died in 2003. Now runs company with 2 sons, Harrison and Jamie. Portfolio includes 5,000 apartments at LeFrak City in Queens, N.Y., 7-million-square-foot-commercial, residential, retail complex in Newport, N.J. Expanding Newport project; $10 billion "mini-city" will soon include a new office tower, 429-room Westin hotel and 4,500 more apartments and condos. On board of the American Museum of Natural History."
MSHI is providing "Quadruple Play" services to all of his apartments in Newport, Jersey City, NJ! See for yourself here: http://biz.yahoo.com/prnews/070723/nym021.html
Not only will MSHI be providing services to all of the Newport apartments, but MSHI will be given access to LeFrak's entire portfolio of properties!
Jamie LeFrak, Managing Director of the LeFrak Organization, was quoted as saying... "We're very pleased to have entered into this agreement with Microwave Satellite Technologies. It allows us to offer state-of-the-art services to our Newport tenants. We also anticipate working with them to identify other opportunities to extend their services throughout the LeFrak portfolio."
LeFrak owns over 70,000 apartments across the country!
Coincidentally, Richard LeFrak is tied on the Forbes 500 list with Donald Trump, who also has a net worth of $3 billion!
Donald Trump is now using MSHI's services at all of his most famous NYC properties including Trump Tower, Trump World Tower, Trump International Hotel and Tower, Trump Palace, Trump Parc, Trump Parc East, and now Trump Tower - Center City in White Plains!
Here is Donald Trump's profile on the Forbes 500 list: http://www.forbes.com/lists/2007/54/richlist07_Donald-Trump_U5WX.html
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My firm Lebed Biz LLC has been compensated by MSHI $20,000 cash for a one-month investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm
Jonathan Lebed
Lebed.biz
Staff
This email
Lebed sends out 1000's of e-mails promoting various stocks, usually at least (1)stock a week. Many of his micro-cap stock picks will run up 200%, 300% or more in a relatively short period of time. What happens is, that many investor/traders become familiar with new equity issues and buy in. Many of his picks are solid runners; others fail to capture investor interest.
I think this stock will double in price within 48 hours...just my opinion.
Here is copy of Lebed's e-mail:
I have discovered a stock that is starting to break out and I believe is getting ready to explode. You need to research it right now. If this company is successful at executing their business plan, it could become the next Comcast!
The company is called MSTI Holdings Inc. and the symbol is: MSHI.
MSHI just went public a few months ago and major accumulation is beginning to take place. On Friday it closed up 30% to $1.31.
MSHI specializes in providing "quadruple-play" services, including digital satellite TV programming, telephone, high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties.
Donald Trump is a major supporter of the company.
MSHI is currently providing services in many of Donald Trump's major buildings in NY including: Trump Tower, Trump World Tower, Trump International Hotel and Tower, Trump Palace, Trump Parc, Trump Parc East, and now Trump Tower - Center City in White Plains.
The word of Donald Trump's success with MSHI is now spreading throughout all of NY!
MSHI just signed a deal to provide services in Fifteen Central Park West, a new condominium building that is considered to be the nicest in NY. An article came out the other day that Sandy Weill, ex-CEO of Citigroup, has purchased a $42.4MM condominium in this building.
Many of the biggest players on Wall Street are behind MSHI. The Chairman of MSHI is Warren "Pete" Musser. Do a Google search for him.
Pete Musser is one of the most successful investors in the history of Wall Street. He was the founder and former CEO of Safeguard Scientifics, a major NYSE company with hundreds of millions in revenues.
He was also a founding investor in QVC, Comcast and Novell... which went on to become billion dollar companies.
He currently sits on the Board of Directors of Nutrisystems, Inc. (NTRI)... a NASDAQ company that rose from $0.25 in 2002 to a high this year of $76.20.
I spoke to Pete the other day and he was very excited about MSHI and believes it could become his next big winner!
This is one of our biggest discoveries ever!
More information to come...
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My firm Lebed Biz LLC has been compensated by MSHI $20,000 cash for a one-month investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm
Jonathan Lebed
Lebed.biz
Staff
Hello LAKINGSPHAN I am really interested in what this week will do for this and who Is the ledbed everyone is speaking of? Are you looking to take a possession?
he has been paid in advanced.. he is not a performanced based comp..
Getting paid AFTER the rise in pps. Usually not a good sign with his track record.
Be careful and good luck.
FYI..Lebed is getting paid to promote this...
Hi Candy,
Yes got my eye on it because its TKO's subsidiaries..
Hello anyone watching this the past week has been awesome for this stock from what I have heard they have a lot of news coming this is defiantly going to be hott!!!!!!
Do you own share JT ?? why would you say that?? your insight is appreciated..thanks
Initial Market is to Elite Metropolitan Real Estate By avoiding the expense of laying miles of cable and tearing up streets, MST, Inc. can beat current cable and telephone providers.
This solution provides service in a way that avoids the huge capital expenditures that current providers face. This is MST, Inc.'s strategic competitive advantage Numerous High PROFILE Current Clients already USE THIS SERVICE...
Invest in the company at the ground floor that has the next generation technology that allows consumers to go to a single source for:
Dish TV / IPTV
Broadband Internet Service
Wide Area WiFi Connections
Telephone Service
Experienced and expert management team
Solid financial position
MSTI Holdings, Inc.
(MST, Inc.)
(OTCBB: MSHI)
Current Shares Outstanding: 29,386,538
Market Capitalization:
$ 40.8 Million
High : $1.97 per share
Low : $1.10 per share
The Business Opportunity
MST, Inc. is uniquely postured to bring Hi-Speed Internet, Telephone, Television, and Wireless Fidelity (WiFi) connections to multi-family and commercial buildings. Until now, providing these services in dense urban areas has been prohibitively expensive because it normally requires re-wiring buildings and working through various contractors and permit issues. MST, Inc. has recently begun deployment of its new Interactive WiFi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to their subscribers
If they execute like Comcast, this could be a $25 or $30 Stock
Business Description
MSTI Holdings, Inc. (MST, Inc.) (OTCBB: MSHI) is a communications technology company specializing in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST, Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST, Inc.'s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST, Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 40 channels of high definition television (HDTV).
The Technology
MST, Inc. provides what they term as the "Quad Play". The Quad Play consists of High Speed Internet Access, Television with over 500 channels, Telephone service, and WiFi to users in residential buildings, hotels, and commercial buildings. To augment delivery of several of these services, MST, Inc. uses Powerline Carrier (PLC) technology which uses existing electrical wiring to carry telephone and internet signals.
Additional solutions are enabled by the use of PLC such as Surveillance Cameras and Energy Management. MST, Inc. also offers clients its eConcierge solution that is accessed through a web portal and provides integration of building amenities and neighborhood services. MST, Inc. operates a resilient Metropolitan Wide Area Network as well as a city-wide WiFi network. All network elements are monitored and managed by a state of the art Network Operations Center.
Don't Miss OUT being in on at the beginning of a company that is going to bring the Quad Play to Metropolitan areas. At $25 per share, a $5,000 investment today would be worth $89,928!!!
An Exciting Growth Strategy - The MST, Inc. family of companies offers a diverse range of products that provide a host of digital services to their customers. Through proprietary Digital Convergence technology, MST, Inc. is able to offer tailored services to each client and subscriber's needs. The Company's growth strategy includes gaining access to new subscribers by making service agreements with building owners and managers. MST, Inc. proved this business model in the New York metro area in the cable television market and now plans to grow their business by adding new technology and services in New York and other metropolitan areas.
The New Quad Play
IPTV / Digital TV
Broadband
Internet
Digital Voice
Interactive WiFi
Digital Voice
NuVisions provides Voice over Internet Protocol (VoIP) service, that converts telephone communications into prioritized voice packets and routes them over a private backbone network, without relying on the Internet for its quality of service.
IPTV
Internet Television (IPTV) platform that allows delivery of cable TV, Video on Demand (VOD), interactive games, and high speed internet to the Television set, the first offering of its kind in New York City.
Digital Television
500 channels of video and audio programming, the most High Definition channels available in New York City Over 95 ethno-centric channels
Interactive WiFi
INTERACTIVE WiFi wireless broadband Internet service allows you to access the Internet from convenient public locations throughout New York City.
The Hot Zones provide:
Internet connection up to 50 times faster than dial-up Free WiFi access for existing NuVisions Internet customers
Where would you be if you had bought a stock like COMCAST 1989? They had a great idea, a great business plan and were able to EXCUTE….
MST, Inc., The next great communications stock.
Comcast stock performance depicted here:
MST, Inc. = Digital Convergence
In addition to the Quad Play, MST, Inc. provides Video Conferencing, Energy Management, and Satellite Solutions
Satellite Solutions
MST, Inc. maintains a fleet of transportable satellite downlink systems and coordinates a national network of transportable videoconferencing providers. MST, Inc. provides transportable video teleconferencing services at single locations, and coordinates large scale teleconference events with sites nationally.
TeVue Video Conferencing is a novel system that is able to use any broadband connection and a TV. TeVue is a NEW service that provides a state-of-the-art videoconference platform that connects to a worldwide video communications network; enabling unlimited FREE videoconference calls.
Frank T. Matarazzo
Chief Executive Officer since 1982.
He designed and constructed MST, Inc.'s first private cable television systems and continues to guide their technology developments and deployments. Frank's experience includes prototype design engineer for Conrac Avionics, including many systems on the Space Shuttle Columbia. Frank is well known in the private cable television industry, having written articles for trade publications and served as a technical consultant to municipalities in the area of satellite delivered information systems.
Ronald W. Pickett,
President of MST, Inc.
Ron founded Medical Advisory Systems, Inc., (now Digital Angel Corp.) and was its President and Chairman. A graduate of Gordon College, Ron has engaged in entrepreneurial activities for the past 35 years.
Warren V. "Pete" Musser Chairman of the Board.
A veteran of the technology and financial industries, Pete Musser has been a leading figure in the business world as both an entrepreneur and a chief executive for more than 50 years. Pete is best known for his role at Safeguard Scientifics, Inc. As the Chairman of the Board and Chief Executive Officer from 1953 until 2001, he facilitated the formation and success of many of today's top Fortune companies, including QVC, Comcast, Novell, Inc. and more.
Today, Pete continues to serve as Chairman Emeritus of Safeguard, and is also the Managing Director of The Musser Group, a financial consulting company. He also remains active on a number of corporate boards as a Director of CompuCom Systems, Inc. and Internet Capital Group, Inc.; Chairman of Telkonet, Inc.; and Vice Chairman of Nutri/System, Inc.
DISCLAIMER:
The information contained herein is believed to be accurate and is based upon sources which are considered reliable but are not guaranteed by MST, Inc. This information is subject to change without notice. This stock profile should be viewed as a paid advertisement. In order to enhance public awareness of MST, Inc. and its securities through the distribution of this report, Telkonet, Inc. paid the publisher, the sum of $71,600. The author is not a registered broker dealer. MST, Inc. does not assume any responsibility for the information contained herein. MST, Inc., the company featured in this report has paid for this email and it should not be considered as either independent or objective. This does not represent an offer to buy or sell any security. This profile is protected by applicable copyright laws. No permission is granted to copy, distribute, modify, or post any text, graphics, design or logos. Do not buy this or any other stock without carefully reading the prospectus . Investing in this or any other stock entails considerable risks that include loss of the principle of the investment. The Publisher applied these funds towards costs associated with creating, printing, and distributing this report and will retain any excess funds as profit. The Publisher may receive additional revenue, the amount of which cannot be determined to any degree of certainty, from sales of their promotional items in connection with the accompanying offer. No additional sums, however, will be paid by MST, Inc. This publication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. This publication, its publisher, and its editor do not purport to provide a complete analysis of any company's financial position. The publisher and editor are not, and do not purport to be, registered investment advisors. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the publisher cannot guarantee the accuracy or completeness of the information. This publication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company and/or industry. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the company's actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products and services, the company's ability to fund its capital requirements in the near term and long term, pricing pressures, etc.
Compensation and Other Disclosures
The content of this message is published and sent to select email lists through electronic means to provide readers with information on selected publicly traded companies. Factual information is obtained from public filings and other sources deemed to be reliable; however, neither the publisher nor their associates takes responsibility for verifying the accuracy of such information and they make no representation that such information is accurate or complete. Certain of the statements in this Update may be considered forwarded looking statements. The publisher makes no representation and provide no assurance or guaranty that such forward looking statements will prove to be accurate. See the companies filings with the Securities and Exchange Commission for factors that may cause results to be significantly different. Statements of opinion and belief are those of the authors and/or editors of this Update, and are based solely upon the information possessed by such authors and/or editors; no inference should be drawn that such authors or editors have any special or greater knowledge about the company or companies profiled or any particular expertise in the industries or markets in which the profiled company or companies compete. The reader should verify all claims and complete his own due diligence before investing in any securities of the profiled company or companies. The publisher nor anyone involved in the publication or dissemination of this Update is a registered investment adviser or broker/dealer. The authors make no recommendation that the purchase of securities of the company or companies profiled in this Update are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the company or companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree! of risk. An investor in such securities should be prepared and able t o bear a loss of his or her entire investment. Nothing in this Update should be construed as an offer or solicitation to buy or sell any securities of any profiled company. The publisher has been retained to provide direct marketing services for the company profiled in this Update and receives compensation for those services. Further, the publisher and its employees and affiliates may own, or may purchase and sell, securities of the company or companies profiled. The publisher undertakes no responsibility to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the profiled company or companies. The publisher has the following compensation arrangements with the company or companies profiled in this Update: The publisher receives an advertising fee ranging from $1,000 to $80,000 for each direct marketing list recommended and ordered for the dissemination of this Update .
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Date: Tue, 10 Jul 2007 05:21:21 -0700 (PDT)
From: "InvestorGuide Daily" <daily@investorguide.com>
To: pledgerton@yahoo.com
Subject: MSHI: Poised To Slaughter Telecom Giants (sponsor message)
The following is a special offer for InvestorGuide Daily subscribers from our sponsor, MST, Inc.
Wish YOU had invested in Cable TV in the 1970's? How about Yahoo or Amazon when they were new?
Initial Market is to Elite Metropolitan Real Estate By avoiding the expense of laying miles of cable and tearing up streets, MST, Inc. can beat current cable and telephone providers.
This solution provides service in a way that avoids the huge capital expenditures that current providers face. This is MST, Inc.'s strategic competitive advantage Numerous High PROFILE Current Clients already USE THIS SERVICE...
Invest in the company at the ground floor that has the next generation technology that allows consumers to go to a single source for:
Dish TV / IPTV
Broadband Internet Service
Wide Area WiFi Connections
Telephone Service
Experienced and expert management team
Solid financial position
MSTI Holdings, Inc.
(MST, Inc.)
(OTCBB: MSHI)
Current Shares Outstanding: 29,386,538
Market Capitalization:
$ 40.8 Million
High : $1.97 per share
Low : $1.10 per share
The Business Opportunity
MST, Inc. is uniquely postured to bring Hi-Speed Internet, Telephone, Television, and Wireless Fidelity (WiFi) connections to multi-family and commercial buildings. Until now, providing these services in dense urban areas has been prohibitively expensive because it normally requires re-wiring buildings and working through various contractors and permit issues. MST, Inc. has recently begun deployment of its new Interactive WiFi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to their subscribers
If they execute like Comcast, this could be a $25 or $30 Stock
Business Description
MSTI Holdings, Inc. (MST, Inc.) (OTCBB: MSHI) is a communications technology company specializing in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST, Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST, Inc.'s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST, Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 40 channels of high definition television (HDTV).
The Technology
MST, Inc. provides what they term as the "Quad Play". The Quad Play consists of High Speed Internet Access, Television with over 500 channels, Telephone service, and WiFi to users in residential buildings, hotels, and commercial buildings. To augment delivery of several of these services, MST, Inc. uses Powerline Carrier (PLC) technology which uses existing electrical wiring to carry telephone and internet signals.
Additional solutions are enabled by the use of PLC such as Surveillance Cameras and Energy Management. MST, Inc. also offers clients its eConcierge solution that is accessed through a web portal and provides integration of building amenities and neighborhood services. MST, Inc. operates a resilient Metropolitan Wide Area Network as well as a city-wide WiFi network. All network elements are monitored and managed by a state of the art Network Operations Center.
Don't Miss OUT being in on at the beginning of a company that is going to bring the Quad Play to Metropolitan areas. At $25 per share, a $5,000 investment today would be worth $89,928!!!
An Exciting Growth Strategy - The MST, Inc. family of companies offers a diverse range of products that provide a host of digital services to their customers. Through proprietary Digital Convergence technology, MST, Inc. is able to offer tailored services to each client and subscriber's needs. The Company's growth strategy includes gaining access to new subscribers by making service agreements with building owners and managers. MST, Inc. proved this business model in the New York metro area in the cable television market and now plans to grow their business by adding new technology and services in New York and other metropolitan areas.
The New Quad Play
IPTV / Digital TV
Broadband
Internet
Digital Voice
Interactive WiFi
Digital Voice
NuVisions provides Voice over Internet Protocol (VoIP) service, that converts telephone communications into prioritized voice packets and routes them over a private backbone network, without relying on the Internet for its quality of service.
IPTV
Internet Television (IPTV) platform that allows delivery of cable TV, Video on Demand (VOD), interactive games, and high speed internet to the Television set, the first offering of its kind in New York City.
Digital Television
500 channels of video and audio programming, the most High Definition channels available in New York City Over 95 ethno-centric channels
Interactive WiFi
INTERACTIVE WiFi wireless broadband Internet service allows you to access the Internet from convenient public locations throughout New York City.
The Hot Zones provide:
Internet connection up to 50 times faster than dial-up Free WiFi access for existing NuVisions Internet customers
Where would you be if you had bought a stock like COMCAST 1989? They had a great idea, a great business plan and were able to EXCUTE….
MST, Inc., The next great communications stock.
Comcast stock performance depicted here:
MST, Inc. = Digital Convergence
In addition to the Quad Play, MST, Inc. provides Video Conferencing, Energy Management, and Satellite Solutions
Satellite Solutions
MST, Inc. maintains a fleet of transportable satellite downlink systems and coordinates a national network of transportable videoconferencing providers. MST, Inc. provides transportable video teleconferencing services at single locations, and coordinates large scale teleconference events with sites nationally.
TeVue Video Conferencing is a novel system that is able to use any broadband connection and a TV. TeVue is a NEW service that provides a state-of-the-art videoconference platform that connects to a worldwide video communications network; enabling unlimited FREE videoconference calls.
Frank T. Matarazzo
Chief Executive Officer since 1982.
He designed and constructed MST, Inc.'s first private cable television systems and continues to guide their technology developments and deployments. Frank's experience includes prototype design engineer for Conrac Avionics, including many systems on the Space Shuttle Columbia. Frank is well known in the private cable television industry, having written articles for trade publications and served as a technical consultant to municipalities in the area of satellite delivered information systems.
Ronald W. Pickett,
President of MST, Inc.
Ron founded Medical Advisory Systems, Inc., (now Digital Angel Corp.) and was its President and Chairman. A graduate of Gordon College, Ron has engaged in entrepreneurial activities for the past 35 years.
Warren V. "Pete" Musser Chairman of the Board.
A veteran of the technology and financial industries, Pete Musser has been a leading figure in the business world as both an entrepreneur and a chief executive for more than 50 years. Pete is best known for his role at Safeguard Scientifics, Inc. As the Chairman of the Board and Chief Executive Officer from 1953 until 2001, he facilitated the formation and success of many of today's top Fortune companies, including QVC, Comcast, Novell, Inc. and more.
Today, Pete continues to serve as Chairman Emeritus of Safeguard, and is also the Managing Director of The Musser Group, a financial consulting company. He also remains active on a number of corporate boards as a Director of CompuCom Systems, Inc. and Internet Capital Group, Inc.; Chairman of Telkonet, Inc.; and Vice Chairman of Nutri/System, Inc.
DISCLAIMER:
The information contained herein is believed to be accurate and is based upon sources which are considered reliable but are not guaranteed by MST, Inc. This information is subject to change without notice. This stock profile should be viewed as a paid advertisement. In order to enhance public awareness of MST, Inc. and its securities through the distribution of this report, Telkonet, Inc. paid the publisher, the sum of $71,600. The author is not a registered broker dealer. MST, Inc. does not assume any responsibility for the information contained herein. MST, Inc., the company featured in this report has paid for this email and it should not be considered as either independent or objective. This does not represent an offer to buy or sell any security. This profile is protected by applicable copyright laws. No permission is granted to copy, distribute, modify, or post any text, graphics, design or logos. Do not buy this or any other stock without carefully reading the prospectus. Investing in this or any other stock entails considerable risks that include loss of the principle of the investment. The Publisher applied these funds towards costs associated with creating, printing, and distributing this report and will retain any excess funds as profit. The Publisher may receive additional revenue, the amount of which cannot be determined to any degree of certainty, from sales of their promotional items in connection with the accompanying offer. No additional sums, however, will be paid by MST, Inc. This publication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. This publication, its publisher, and its editor do not purport to provide a complete analysis of any company's financial position. The publisher and editor are not, and do not purport to be, registered investment advisors. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the publisher cannot guarantee the accuracy or completeness of the information. This publication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company and/or industry. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the company's actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products and services, the company's ability to fund its capital requirements in the near term and long term, pricing pressures, etc.
Compensation and Other Disclosures
The content of this message is published and sent to select email lists through electronic means to provide readers with information on selected publicly traded companies. Factual information is obtained from public filings and other sources deemed to be reliable; however, neither the publisher nor their associates takes responsibility for verifying the accuracy of such information and they make no representation that such information is accurate or complete. Certain of the statements in this Update may be considered forwarded looking statements. The publisher makes no representation and provide no assurance or guaranty that such forward looking statements will prove to be accurate. See the companies filings with the Securities and Exchange Commission for factors that may cause results to be significantly different. Statements of opinion and belief are those of the authors and/or editors of this Update, and are based solely upon the information possessed by such authors and/or editors; no inference should be drawn that such authors or editors have any special or greater knowledge about the company or companies profiled or any particular expertise in the industries or markets in which the profiled company or companies compete. The reader should verify all claims and complete his own due diligence before investing in any securities of the profiled company or companies. The publisher nor anyone involved in the publication or dissemination of this Update is a registered investment adviser or broker/dealer. The authors make no recommendation that the purchase of securities of the company or companies profiled in this Update are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the company or companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree! of risk. An investor in such securities should be prepared and able t o bear a loss of his or her entire investment. Nothing in this Update should be construed as an offer or solicitation to buy or sell any securities of any profiled company. The publisher has been retained to provide direct marketing services for the company profiled in this Update and receives compensation for those services. Further, the publisher and its employees and affiliates may own, or may purchase and sell, securities of the company or companies profiled. The publisher undertakes no responsibility to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the profiled company or companies. The publisher has the following compensation arrangements with the company or companies profiled in this Update: The publisher receives an advertising fee ranging from $1,000 to $80,000 for each direct marketing list recommended and ordered for the dissemination of this Update.
The preceding is a special offer for InvestorGuide.com Daily subscribers. In order to be in full compliance with the U.S. Securities Act of 1933, Section 17(b), you are hereby advised that WebFinance Inc., publisher of InvestorGuide, is receiving a fee of Three Thousand Nine Hundred and Sixty US Dollars, in cash, from an independent third party as compensation for the distribution of this advertisement. No employee of WebFinance has owned or currently owns any shares in the company described above. WebFinance has not independently confirmed the accuracy of the statements and opinions that the advertiser has expressed above, and is not responsible for claims made by advertisers. The above is neither an offer nor solicitation to buy or sell any securities. WebFinance Inc. 10201 Fairfax Blvd., Suite 510 Fairfax, Va. 22030. Please read the full disclosure by clicking here: http://www.investorguide.com/disclaimers/MST.html
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pmguid:..6arl
Soon to be roll out, to another City as well...
per Ron Pickett on the TKO CC MSHI will be looking for their first acquisition sometime this year..
MLK,
Why do you have to be so misanthropical??
Why do you have to be so arrogant??
There was an individual on the IV MB similiar to you.. He had exceptional knowledge of the markets, but everyone despised and scorned him because of his 'holier than thou' attitude.. He then came down from that mountain top and joined the civilized world, and carried on respected discussion with several other TKO posters..
Despite what your agenda is, if you have the need to play ( GOD ), well...needless to say, nobody will listen to your 'ostentatiously lofty style'!!
I can't speak for others but it is my opinion that you could entertain some interesting and decent discusssions,( where nobody has to be right or wrong ), but opinions could be considered.. You certainly are intelligent enough..
So, I challenge you to climb down off that Mountain Top, lay down that baseball bat, and 'enter a new dimension'!! Be a ( valued ) contributor and realize how much more pleasant the experience can be.. Surprise all us Telkonet board members...
I was just reading the post about Murphy's latest write-up on TKO and had to laugh. He is calling on TKO to divest itself of all of MSHI...I've been saying they should sell all their interest since the spinoff. If that happens, MSHI shares will start to fall quickly.
Murphy says they won't make $25M this year. Duh? I've been saying that for some time.
It is really too bad they banned me from that board for a week, as I could have probably saved Ouch and "his friend" and others some money so they didn't have to purchase the Murphy report.
But, don't worry, my free advice for TKO will start again Sunday. Maybe I should start a MLK newsletter...how much does Murphy make reposting my comments anyway?
Welcome to the board BigWaveDave
MLK, I TOTALY AGREE WITH YOU ON THIS ONE, MAN, IT'LL BE INTERESTING TO SEE THE DUST SETTLE HERE!
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