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This is an anomaly. There is no viable entity except the fact that ATS absorbed Nestor's business 6 years ago. They have no plans to R/M as it would seem.
Why it is still trading is just a testament as to how asleep at the wheel our regulators are.
Bag holders are stuck at much higher levels....
They have Al gore to thank for it.
What is going on here...This is not even a real company and somebody buys 200k at the ask? lol...I guess in penny land it doesn't even matter if you have a business, an office, or even a phone number for that matter...love it
It's official .0165! Living the green ~
CDEL on bid = good news
I think the buyers will be flocking in like birds really soon. Would not be surprised to see 1 more crazy promo and explode this tom or next week past .10 again
problem finding retail buyers here , its gonna be outside $ against shorts if it does run
Awesome! Up nearly 50% already. Can't beat that. I'm not selling until I see that .07+
yup holding .011s untill AS LONG AS BID SUPPORT HOLDS UP ..
Glad I got in at the low during the crash. .165 is up. Let's go NEST :))
Crazy how this has so much bid support , last week nobody wanted below .005 but bcuz of the ticker mix up suddenly it has a mm @ .01 wanted over a mill ?????
Looks like the MMs might walk this back up a bit today. Being a real company doesn't mean a whole lot in the penny world lol
NEST..IS IT DONE HERE OR STILL SOME ACTION LEFT ...WATCHING THE MOVE..GO NEST
ATS bought NEST about 5 years ago A Reverse Merger is possible at any time keep a close eye on NEST
This is not over at all this will go up nice b4 the close
~NEST~ picked up 110's~ looks like it might go 140>169>.03's :)
Way to many people bought above .10
Let's see .03+
The NEST run is over and this turd will return to the grave that someone dug it out of.
Currently down over 60% to .0118 on almost 5M shares dumped it still has a long ways to drop.
at least they want it to appear that way!
WOW! L2 thin all the way up yo .50!
something big will happen here! still a lot of buying!
I see something good will happen here. just dont know what it is.... tim will tell. just to make sure i got myself a few shares if NEST get the super run again!
I am here to make money as long as the stock move up i am all good. i dont married company so..... i love this shell company.
NEST move up this hight for no reason. will watch and do more DD.
the rsi just reset i think it will turn around and move back up again.
WRONG COMPANY!
The Company entered into a series of covenants in conjunction with the issuance of its Senior Convertible Notes and Senior Secured Convertible Notes. Two of these covenants included the continued listing of the Company's stock on a national exchange and the regular quarterly payment of interest.
The Company's stock was delisted from the Nasdaq Capital Market effective May 1, 2008, and the Company did not pay interest on the Senior Convertible Notes and Senior Secured Convertible Notes that was due on July 1, 2008 and October 1, 2008.
Nestor Traffic Systems, Inc. was in the business of operating red light cameras, catching motorists for violating a traffic signal light and speeding.
We are a leading provider of innovative, automated traffic enforcement systems and services to state and local governments throughout the United States and Canada.
We are the only provider of both a fully video-based automated red light enforcement system and a multi-lane, bi-directional scanning light detection and ranging, or LiDAR, speed enforcement system. We also offer a newly developed ViDAR™ speed detection and imaging system as complement to our other products or as a stand-alone speed enforcement system. CrossingGuard®, our red light enforcement product, uses our patented image processing technology to predict and record the occurrence of a red light violation and manages the process of issuing and processing a citation.
Collision Avoidance™ is a patented enhancement to CrossingGuard® that predicts red light violations and extends the all red signal phase of a traffic light to prevent deadly intersection collisions. PoliScanSpeed™ uses LiDAR, a technology developed by Vitronic GmbH. The Company is a North American distributor of Vitronic PoliScanSpeed™, and the Company continues to market and support this highly effective speed system. ViDAR™ uses non-detectable, passive video detection and average speed over distance calculations to detect and record evidence of speeding vehicles.
In addition to our automated traffic enforcement systems, we provide back office citation processing services for CrossingGuard®, PoliScanSpeed™ and ViDAR™ systems using our proprietary software solution called Citation Composer. These processing services include obtaining data from the roadside systems, reviewing the data, preparing the citations and evidence packages and tracking final resolution of the citations. One of Citation Composer’s many unique features is its ability to simultaneously replay synchronized videos of a red light violation, allowing for a more complete evidence package. In addition, our new i-Citation software application assists customers with all event tasks. i-Citation provides customers with the ability to review the complete evidence package online. i-Citation provides police and other officials with convenient and quick access to all event information. i-Citation also provides ready access over the web to violation information such as location, date and time stamp information and disposition status of an event.
We generate recurring revenue through contracts that provide for equipment leasing and services on a fixed and/or per citation fee basis. These revenues are tied to the number of operating systems in the field and the number of violations processed by such systems. Customer pricing entails fixed monthly fees,
variable per ticket fee pricing structures, or a combination of both. Because fixed fees are based upon the expected level of violations over the contract term, the shift to monthly fixed fee contracts may result in a more stable revenue stream for those installations. Many of our initial red light and speed contracts,
however, compensate us on a per ticket paid or issued basis in return for both equipment lease and maintenance and citation processing and customer support services. Depending on the terms of each contract, we realize from $11 to $99 per citation issued or paid and/or fixed monthly fees ranging from $1,425 to $7,000 per approach for system delivery and processing services.
Our CrossingGuard® red light enforcement business requires us to install our technology in the communities that we serve. To do this, the Company deploys internal resources to design, install and configure its software and equipment in those communities (i.e., buildout). Buildout costs are defined as directly related payroll, fringe, and travel and entertainment expense. Those buildout costs are capitalizable as part of the cost of the system deployed under contract in a community we serve and depreciated over the life of the contract. The Company accumulates the amount of those internal buildout costs incurred on a quarterly basis and capitalizes them.
We had cash and cash equivalents totaling $327,000 at September 30, 2008 compared with $3,135,000 at December 31, 2007. At September 30, 2008, we had a working capital deficit of $20,720,000, $18,520,000 of which is due to the reclassification of our Senior Convertible Notes, Senior Secured Convertible Notes and Variable Rate Senior Notes from noncurrent liabilities to current liabilities in 2008, compared with working capital of $3,041,000 at December 31, 2007. Our net worth at September 30, 2008 was a deficit of $4,006,000 compared with net worth of $2,940,000 at December 31, 2007.07,000, respectively, and $306,000 and $349,000 for the nine months ended September 30, 2008 and 2007, respectively.
The Nest is a thermostat that can be programed to remember, plus a smoke & carbon monoxide detector. This is the company Al Gore invested in. The company is Nest Labs, a private company and you cannot buy stock in it on the OTC.
NEST (Nestor) is a failed empty shell, having filed its last 10Q on Nov 13, 2008. It's website don't work.
Website: www.nestor.com
Nestor, Inc., a Delaware corporation (the “Company”) was organized on March 21, 1983 to maintain and further develop certain patent rights and know-how acquired from its predecessor, Nestor Associates, a limited partnership. Two wholly-owned subsidiaries, Nestor Traffic Systems, Inc. (“NTS”) and Nestor Interactive, Inc. (“Interactive”), were formed effective January 1, 1997. Effective November 7, 1998, Nestor, Inc. ceased further investment in the Interactive subsidiary. CrossingGuard, Inc., a wholly-owned subsidiary of NTS, was formed July 18, 2003 in connection with a financing and is now inactive. Nearly all of the Company’s operations are conducted by NTS. The condensed consolidated financial statements include the accounts of Nestor, Inc. and NTS. All intercompany transactions and balances have been eliminated upon consolidation. The Company’s main offices are located in Providence, RI, and the Company has a warehouse and support center in North Hollywood, CA.
Item 5. Interest in Securities of the Issuer.
Mr. Heil and the Trusts have sold their entire position in the Common Stock of Nestor (5,735,672 shares) on the open market as follows:
Date Amount Price
October 21, 2009 5,245,672 $.0045
October 22,2009 490,000 $ .0024
In Nov of 2009, it filed an SC 13D/A and went dark! It has been an empty shell for almost 6 years!
NEST is founded in 2010! only 3 years old! WOW!! Tony Fadell, Founder & CEO of Nest Labs, Inc. is Interviewed at LeWeb Paris 2012
Hearing Al Gore opened up an account and gonna start hubbing it up :)
NEST selling on Amazon, on forbes,on CENET, on CNBC News, Best BUY, How Depot!! and much more! I am all in on this one!
http://www.amazon.com/Nest-Learning-Thermostat-Generation-T200577/dp/B009GDHYPQ
http://www.forbes.com/sites/aarontilley/2013/10/08/like-the-evolution-of-apples-ipod-and-iphone-nest-is-building-one-product-at-a-time/
http://reviews.cnet.com/smart-home/nest-learning-thermostat/4505-9788_7-35179222.html
http://www.nbcnews.com/technology/nest-does-smoke-detectors-what-it-did-thermostat-8C11359523
http://www.bestbuy.com/site/nest-2nd-generation-learning-thermostat-stainless-steel/6913825.p?id=1218813789398&skuId=6913825
http://www.homedepot.com/p/Nest-Learning-Thermostat-2nd-Generation-T200577/204005038#.UmX8ISraKgI
NEST new product coming out
http://tech.fortune.cnn.com/2013/10/08/nest-smoke-detector/
How in the hell does this even happen?! I don't get it.... 8,000% gain!!!! HOW?!
Someone who Gambled a mere $1K a few days ago...
gained a "W"Hopping 100K+ last Friday
How Lovely T.hat was
Triple ZZZ are Monster 'W"inner$$$$$..."If" u picked the right One Nit!!!lolzzzz..and they are out there for grab$.
^$
Wish this was a stock I was stuck in before Friday... lolzzz ...
that never happens though ...
went from .0015 to .15 and it is still freaking .055 ... ha ...
saw someone that was stuck in it for like a year and got out at .01 on Froday and was happy cause they got out without a loss... yet if waited a bit longer could have had .10 to .15 and even if waited for today still freakin' .055 at end of day ... lolzzz
This has been a great trade last two days.. Suspecting a lot of shorts still trying to cover
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ATS currently serves more than 170 communities in 17 American states (including the District of Columbia) and one Canadian province with 1,688 red-light and speed cameras under contract, 1,147 of which are already in operation. The addition of the Nestor customers would boost ATS to nearly 200 communities in 21 American states and two Canadian provinces, with 2,173 cameras under contract, of which 1,492 are already in operation in North America.
ATS is headquartered in Scottsdale, Ariz. Nestor's headquarters is in Providence, RI.
The acquisition would expand ATS' presence to include Nestor's customers in California, Maryland, Tennessee, Texas, Virginia and Canada. Perhaps the most significant expansion would be in California, where Nestor's contracts include Los Angeles, Long Beach, San Bernardino, Pasadena and eight other California cities. Nestor also operates programs in Delaware, Georgia, Iowa and Ohio.
"Red-light and speed cameras are life-saving programs that remain a top priority for communities throughout North America. ATS anticipates a very smooth transition for current Nestor customers and employees," said James Tuton, president and CEO of ATS. "The communities currently served by Nestor have my pledge that we will work closely with them to ensure a smooth transition while continuing to provide critical life saving technology."
"I am confident that Nestor's clients are in good hands with ATS, which is a high energy, high quality company that has led the industry in terms of innovation, technology and growth. I look forward to working with the ATS team during the transition period to ensure a positive outcome for the Nestor employees and customers," said Mike James, president of Nestor.
42 Oriental Street
Third Floor
Providence, RI 02908
Phone: (401) 274-5658
http://www.otcmarkets.com/stock/NEST/company-info
SHARE STRUCTURE:
COMMON STOCK $.01 PAR VALUE, AUTHORIZED 50,000,000
SHARES ISSUED AND OUTSTANDING: 28,954,219 SHARES
TRANSFER AGENT:
American Stock Transfer & Trust Company
Transfer Agent
6201 15th Avenue
Brooklyn, NY, 11219
800-937-5449
http://www.amstock.com
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