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$CLIS- ClickStream's app, it's no wonder that HeyPal is making headlines, especially given its large user base. The community has grown tremendously in the eight months since its beta launch, and it continues to develop.
$IQST - In 2022, IQSTEL expects a positive net income of $90 million.
These assertions are based on current company forecasts, estimates, and predictions, which include management assumptions.
I'm hoping that it will continue to expand day by day!
Great read, sums things up here pretty good. Thank you.
There is so much information on ihub.
***JPHC*** - News any day now on major merger/buyout
NWMN changes to WRKC:
Press Release Source: Window Rock Capital Corp.
Window Rock Capital Corp. Changes Ticker Symbol to WRKC
Friday October 28, 7:00 am ET
HOUSTON, Oct. 28, 2005 (PRIMEZONE) -- Window Rock Capital Corp. (Other OTC:WRKC.PK - News) announced that effective today, shares of its stock, previously traded under the symbol NWMN, will now trade under the symbol WRKC.
Charles Shirley, CEO, stated, ``We've been implementing several changes, all with the purpose of transforming the Company into a real estate asset developer with global holdings. We first announced our joint venture to develop a significant land parcel in the Guangdong Province of China. Then, we disclosed our decision to discontinue an unprofitable business line inherited from previous management. Last week, we announced our participation in an important urban renewal project in downtown Columbus, Ohio. We're continuing to identify additional ventures that make sense for a company of our size, and grow our operations intelligently.''
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that express the current beliefs and expectations of our management are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or otherwise implied by such forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update publicly or revise any of the forward-looking statements.
Contact:
Window Rock Capital Corp.
Charles R. Shirley
charles@windowrockcapital.com
(832) 225-1372
Investor Relations:
Robert Bleckman
robertbleckman@sbcglobal.net
(713) 521-2147
--------------------------------------------------------------------------------
Source: Window Rock Capital Corp.
RPM Ventures, LLC Status Granted by U.S. Central Contractor Registration In Its Bid for New Orleans Work
Download this press release as an Adobe PDF document.
RPM’s Real Estate Strategy will try to duplicate its exclusive contract with the City of Columbus for certain New Orleans’ Parishes.
Columbus, OH (PRWEB) October 26, 2005 -- RPM Ventures, LLC, dba Reynolds Family Homes announced today that it has officially been accepted with the United States Central Contractor Registration in steps for New Orleans reconstruction. Also, RPM has recently met with its primary sub-contractor to place an order of raw materials for home building before prices increase.
The American Red Cross estimates that more than 350,000 homes were destroyed by Hurricanes Katrina and Rita, while an additional 146,000 had major damage. Overall 850,791 housing units were damaged, destroyed or left inaccessible because of hurricane destruction.
“We believe the stress on the Southern home builders will be tremendous and we can take orders to assist in the rebuilding effort,” Reynolds said. If RPM accepts orders of 2% of the Red Cross estimates equals 51,000 homes with an approximate gross income of more than $5 Billion dollars using the affordable housing rate of $110,000 per home.
As of September 15, 2005, the U.S. had already spent $62 Billion dollars, with some estimates for all work now reaching a whopping $300 Billion. Federal disaster declarations blanketed 90,000 square miles, an area almost as large as the entire United Kingdom. Meanwhile, President Bush promised “There is no way to imagine America without New Orleans, and this great city will rise again!”
“This mandate from the President offsets any worries about a real estate bust,” Tony Reynolds, RPM Chief Managing Member, said. “New Orleans will be rebuilt and our official U.S. contractor registration status, along with our direct contact with a Parish Reconstruction Chairman gives us a clear advantage to win contracts,” he said.
According to the National Association of Homebuilders (NAHB), the Red Cross estimated number of damaged homes equals approximately 17% of annual home construction, which is running at a pace of about 2 million a year. But this comes at a time when home builders are already working full tilt. In a survey before Katrina found more than 20% of builders in the South faced shortages of carpenters, while an additional 33% had less severe shortfalls.
“We are thrilled that our official status has been granted with the U.S. Central Contractor Registration!” Reynolds, said. “We have already started aggressively courting the individual parishes in New Orleans,” he said. “We will accept orders to take the stress off the local builders,” Reynolds said.
It was also just announced by Window Rock Capital Corporation, (OTC:NWMN), a Real Estate Asset Development company that it has entered into definitive a agreement with RPM Ventures, LLC , under which Window Rock will jointly assist RPM develop and manage building lots under an exclusive contract RPM has with the City of Columbus.
For more information contact:
At The Company:
Mr. Tony Reynolds
614-367-0315
# # #
Can't wait to see what happens when they go for Nasdaq
You should come over the NWAU board.
NMKT chart breaking out on high volume
[
NWAU chart, new2005, looks good.
NWAU getting off the pinks.Good one to watch from the
side lines.....and learn something. GOOD LUCK
China Technology Global Corp
This is the IT company in China. Stock is moving right now, currently at .27.
Check out this chart: http://tinyurl.com/d6fc2
Do your DD, but this is a good play.
Torbay Holdings, Inc: Secures Access to $1.65M Investment To Finance Its Expanding Operation
Friday February 11, 6:06 pm ET
MINEOLA, N.Y., Feb. 11, 2005 (PRIMEZONE) -- Torbay Holdings, Inc. (OTC BB:TRBY.OB - News) today announced that it had reached an agreement with The Nutmeg Group LLC, Chicago, IL, for a fixed price equity purchase program by way of a share subscription and fixed and incrementally priced warrants. Subject to certain qualifications, these funds can be called upon at TRBY's option and will provide access to $1,650,000 (less expenses) to fund marketing initiatives planned, manufacturing activities and further product development, both software and hardware, to include ``Meridian(tm)'' (project name) the company's introductory keyboard product that will help to optimize the geometry of both keyboard and computer mouse use.
Tom Large, President & CEO, stated, ``As undercapitalized as we have been we have applied our limited resources to developing our product range and proving the existence of our market. During the past months we have had many offers, including convertible debenture based financing, which we have declined. The investors we sought would recognize the progress that has been made and that they were investing in a business and not just a stock. Our requirement for funds is to accelerate business development and any partner should be as enthusiastic about our business as we are and base their valuations of return upon the impact their investment could have, once put to work.'' Randall S. Goulding, Managing Director of The Nutmeg Group, LLC, said ``We are eager to assist Torbay Holdings in meeting its ongoing financing needs and we look forward to a long-term relationship with the Company.''
The Nutmeg Group, LLC and its principals have been successful in raising capital through private placements and stock loans. With more than 30 million dollars under management, the Nutmeg Group, L.L.C. is a value-added private capital investment firm and a full service investment and financial consulting organization, dedicated to helping growth companies emerge as industry leaders. Staffed with an impressive array of diverse talents and a robust infrastructure, Nutmeg stands committed to facilitating the Company's success, as is the case with all of its portfolio companies.
``Our investment and ongoing commitment is prompted by our extreme optimism with regard to the outlook for the Company and its capacity to ramp up its operation to seize opportunities'' said The Nutmeg Group's, Randall Goulding. ``We believe the current valuation does not adequately reflect the enormous opportunities that exist for the company, both in the near and longer term. Nor does it begin to reflect the value associated with the products it sports.''
``We are impressed with the Company's talented management resources, and for such a small company to have captured such opportunities -- is virtually unprecedented,'' Goulding continued.
``We plan to play an integral and continuing role in the Company's very promising future. We are pleased to be working in partnership with the Company to better position it to grow,'' said Goulding. ``In fact,'' Goulding said, ``the specific reason for this additional cash infusion is to focus on creating new sales opportunities for rapid growth.'' Tom Large went on to say, ``We have worked with Nutmeg for many months and they have proven to us that they are committed to the future potential of our business. They are being proactive by making introductions to significant sales and marketing organizations of their acquaintance so as to underpin their investment in the future growth of this Company. This agreement is designed to provide funds that allow us to grow at a more accelerated rate and might sustain us to a positive cash flow position. As all funds received are at a fixed price they have a clear and understandable impact upon our shareholding, which should alleviate any fears of unknown dilutive impact.''
``The SB2 filing, signaling the commencement of this agreement, is therefore an important milestone, as important as the business development news that shareholders look forward to hearing. In order to ensure that we have access to the total funds offered, should we so elect to call upon them, we will now move forward on making a 'considered' adjustment so increasing the authorized share capital of the company. Just for the record we started this process 18 months ago when we were contractually 'required' to do so under the prior debenture agreement in an environment of inestimable consumption of authorized stock to satisfy financing that had already been received. Unlike then the absolute cost, in stock, of each investment dollar is known so our authorized can be confined to our needs and is therefore definable so explainable to our shareholders. By this we believe we can achieve a manageable and 'market responsible' issued share capital that can provide an opportunity for realistic value enhancement and that investors will be able to estimate the extent of their holdings on a pocket calculator!'
``As your Board of directors, Tony, Gordon and I have endeavored to steer this company through the rough waters that had to be crossed to get this corporation under sail. While we still have much to do and a ways to go the financial liability for the convertible debenture will expire shortly, we have the Section 508 opportunity back, we are posturing with relationships and opportunities in the broader computer peripheral market and by this agreement we have access to funds by which we hope to capitalize upon all of the above. Despite all the efforts of the Board none of this would have been possible without the support and commitment of a solid shareholder base that has provided the stability that kept our 'decks above the waves'. In the summer the board hopes to be able to thank as many as can attend personally at a shareholder meeting, date and location to be confirmed.''
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward- looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact:
Tom Large
President & CEO
Torbay Holdings Inc
516-747-5955
tom@trby.com
www.trby.com
www.aerobicmouse.com
jgbuz
SHGY announces news today..Stock is building heavy momentum.
SearchGuy.com Launches New Search Result Features
MOUNTAIN VIEW, Calif., Aug. 18 /PRNewswire-FirstCall/ -- SearchGuy.com Inc., (SHGY) a creative provider of multi category search and advertising services is proud to announce it has launched new search result features. The new features will allow users to view search results in a much simpler fashion than before.
The new search results will now provide the user with a preview to the left of the result. This will allow users to catch a glimpse of the website before they visit it, thus saving time by not visiting potentially erroneous sites. A "history" link is also added on each result which will allow users to see a websites history in the archive.org database. The third feature is a full preview of the website within the SearchGuy.com search results. One can open and close this preview window as one would a browser, all within the search results page.
Leonard Ratchinsky, CEO of SearchGuy.com stated, "These additions to our search results are another step forward in bringing the end user the best in search functionality. We are listening to our user base -- we know what they want from a search engine, and that's why we're here. We are constantly on the lookout for new technology that can be implemented to our backend to make searching easier for our users."
About SearchGuy.com, Inc.
SearchGuy.com is a creative provider of multi category search and advertising services. Founded in 2001 by Leonard Ratchinsky, the goal of SearchGuy.com is to provide a suite of all encompassing search solutions to the end user, at absolutely no cost. And a state-of-the-art advertising system that will both simplify and reduce costs for advertisers. SearchGuy.com is headquartered in the heart of Silicon Valley with plans of expanding worldwide soon. For more information, visit: http://www.searchguy.com/ .
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward- looking statements contained in this press release.
SearchGuy.com, Inc.
CONTACT: Leonard Ratchinsky of SearchGuy.com Inc., +1-650-670-5052
LGMB OTCBB, NEWS OUT TODAY! Good company and news starting to wake up IMO
CTLE - RFID tags & on-line Auction...
** Leaders of the Agriculture Industry running the company.
** Auctioning Livestock/Cattle electronically is a simple idea that could easily transform livestock transactions much like eBay affected retail. Its time is overdue.
** Tracking Cattle/Livestock is necessary and soon to be mandatory via new regulations - Mad Cow disease is only one reason, but a big one.
** CowTek is an established company that is currently selling the tracking and information solution - now the technology will be backed by larger staff and more active promotion.
** Hi-Tech RFID tags with information that stays with the product (cattle, other livestock) is the solution to the problem.
** Sound share structure of company - acquisition deals reasonable and add significant value.
** RFID tag tracking technology has many other applications and company indicates they will pursue those.
** New company that has very high potential.
** Company is making 2 acquisitions that give it a great shot at being the leader in livestock tracking solutions - a huge untapped industry.
1. The Cattlesale Company Signs Letter of Intent to Acquire CowTek Inc. - THURSDAY, MARCH 11, 2004 1:15 PM
2. The CattleSale Company to Acquire Equity Position in IDComm - Thursday , April 22, 2004 16:56 ET
“The proposed transaction has an expected close date of May 1, 2004”
** Outstanding shares = 20.3 mil, Authorized shares = 50 mil.
Also have RFID plans for other industries -- “...presently is developing programs targeted at six industries. Two of these programs are designed for maintenance and identification systems using RF Tag technology and one program is designed for large values used extensively in the power generation and refinery industry. Large equipment companies, such as farm equipment and trucking concerns, also have a need for this type of ID and maintenance record-keeping capability. A specific product for the shipping industry is being developed using the SmartWare(tm) technology to replace the Bill-Of-Lading paperwork, which will modernize and streamline the import and export of products worldwide.”
VICI traded over 20 times its avg daily volume today closed near hod at .011 (hod was .012) News says major money coming in and more deals are in the works! I bought 1,257,000 shares today at .011 they wouldn't fill me at .01 and I looked through the trades today there wasn't squat bought at .007 to .009 The base is definitely .0105-.011 avg
I listened to the CEO of VICI on the radio and you should all listen also, it will explain its news today and its products being desired by agencies and colleges, and btw it helps our environment big time!:
http://www.tradersnation.com/vici.shtml#anchor
6,500 shares traded at .006
23,000 shares traded at .007
462,941 shares traded at .008
2,179,570 shares traded at .009-.0091
1,971,000 shares traded at .0094-.0099
9,707,418 shares traded at .011-.0109
5,484,561 shares traded at .011
657,270 shares traded at .01101-.012
Adding up to 20,492,260 shares trading including ah trades.
Here is the chart for VICI: http://stockcharts.com/def/servlet/SC.web?c=vici
TSBB DD:
very happy to find this board. im a DD fan, and needed a place to share serious OTCDD here.
ok today i was all about TSBB. Here is the DD i posted:
Tech analysis: MACD, Aroon indicate a postivie trend is just beginning. PVO, RSI indicate recent selling pressure over the past 6 months, followed by a build up of buying pressure
The above 4 indicators correspond to the recent news releases. Plus TSBB boards on ihub and elsehwere show an increased interest in the stock.
im very happy to see this DDprove correct, TSBB gained 56% today. Any thougts/input?
Josh- you have a new list following these principals for 2004?
Online Petition available Against Naked Shorting:
http://www.investigatethesec.com/index.html
Please sign..............
MXDY - Contract NEWS...
Maximum Dynamics, Inc. Announces First TagNet Contract
WEDNESDAY, DECEMBER 17, 2003 7:03 AM
- Market Wire
COLORADO SPRINGS, CO, Dec. 17, 2003 (MARKET WIRE via COMTEX) -- Maximum Dynamics, Inc. (MXDY) , a technology solutions company that combines cutting edge technology with back office and administration services to provide client side support and business process management services, announced today that it secured its first contract of TagNet with the Taxi Cab Driver's Association (TCDA), a 12,000 member organization in South Africa.
TCDA is purchasing 600 TagNet devices as a pilot project and upon successful implementation and utilization will begin purchasing at least 2,200 more. Initial discussions have indicated that TCDA may purchase as many as 6,000 devices. In addition, TCDA wants to take an active role in selling the product to others as well as a cost effective anti-theft system. The initial pilot contract will result in approximately $1 million in revenues for 2004 for Maximum. The contract is the first one Maximum has secured for TagNet since obtaining the intellectual property in its acquisition of Maseco Denmark about one month ago.
The first 600 TagNet units will be installed into taxi cabs over the next few months. TCDA will utilize the devices to manage its fleet of taxis more effectively. Not only does TagNet allow TCDA to track their vehicles but the devices can also communicate with one another, enabling a more efficient coordination of routes and coverage areas. The devices will also help to prevent car jackings, reduce the ability for drivers to be unproductive, reduce theft or unreported cab fares, and assist in determining what the cause of an accident may have been.
TCDA is a coveted account in South Africa because it has so many members and a number of products and services that can be sold directly to the organization and/or throughout its members. For example, TCDA is also considering purchasing units of MPOS2002, Maximum's cellular mobile point of sale credit card charging device. MPOS2002 is undergoing systems integration with the South African voucher and credit card systems and should be ready for use in South Africa on or before the end of February.
The account was introduced to Maximum by members of its International Advisory Board, in particular Dingindawo Shongwe and Sindiswa Mzamo. "This contract is significant for two reasons," said Eric Majors, CEO of Maximum. "First, it speaks volumes about the level of approval we have received in this country. There are blue chip companies that have a hard time getting access to organizations like TCDA and selling products to them. TCDA has high standards and only sources products that are cost effective and make sense for their business. So, the fact that in a very short period of time we were able to get access and sign a contract like this with them tells us we have wide spread support in South Africa. Secondly, it speaks volumes about the quality of the TagNet technology."
In South Africa, contracts of this size typically take longer to secure because they must pass through corporate governance committees and board approval processes. TCDA had been looking for something cost effective like TagNet for quite some time. TCDA's review of TagNet demonstrated that the device met its requirements and management pushed the contract through the approval process fairly quickly.
"Our business has evolved very quickly as extraordinary business opportunities have emerged and because we have responded to meet the needs of companies in South Africa and throughout other parts of the world," added Majors. "We have come to realize that the African Continent as a whole is a market that is explosive, especially in certain industries in which we are well positioned now. More than that, though, we are focusing on providing products and services that will help to improve the communities in which we are doing business. This is the exact reason why TCDA wants to work with us. They see that we are here to do much more than just sell them a product. In fact, they asked us not only to supply TagNet to them but also to partner with them on a variety of other projects throughout the various communities."
For more information, visit the company's website at http://www.maximumdynamics.com .
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Maximum Dynamics assumes no obligation to update the information contained in this press release. Maximum Dynamics' future results may be affected by its ability to continue to implement its hedge fund administration services, its newly acquired Internet marketing capabilities, its dependence on procuring highly competitive hedge fund administration contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire.
CONTACT:
Joshua Wolcott
Source: Maximum Dynamics, Inc.
Tel: 303-733-3484
ENGY A Contrarian View...
Following are my opinions of ENGY.OB, please note that I am a shareholder and as such my views and opinions should be considered in that light. I consider ENGY highly speculative with very real potential for loss. Perform your own due dilligence and if in doubt consult with a professional....
Most times I only hear about a stock trading at or near its highs...that's when they are most often touted. I prefer to buy low...but stocks trading at or near their lows tend not to be getting alot of attention. The IDNWs and DTMGs of the OTC world weren't getting much (if any exposure) back when they were trading at or near their lows...but somebody was buying them when they were down there.
Will ENGY eventually garner some attention and the favor of investors? I don't know for sure, but I'll share the reasons why I consider it a possibility.
Back on June of this past year the CEO/CFO/Director of ENGY resigned. Read the appended letter of resignation dated June 5th 2003 from this July 18 8K filing while looking at a chart covering that time frame.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001052918%2D03%2D000177%2Etxt&FilePath...
In the letter some very strong wording was used, including:
"It is my opinion that the shareholders of Enviro-Energy Corporation are being ignored in the pending transactions. I also believe that these pending actions are in part being taken to cover up illegal acts by control people within the Company."
How did this affect the trading of ENGY back on and around June 5th? Not much it would seem...I show the share price being stuck right around .009 to .011 cents per share...pretty much where it is today.
Of course the filing didn't come out until July 18th however I assume there must have been at least some shareholders who were aware of the departure of the company's CEO.
After the filing the stock traded downward on very light volume. When the 8K was filed July 18th I show 20 day average volume at about 1.4 million per day. By the beginning of October I show 20 day average volume all the way down to around 250-300K.
On Oct. 16 and 17 my numbers show ENGY as having traded below 1/2 a penny. Then on Monday Oct 20 my numbers show over 19,000,000 shares trading and the PPS going up almost to a full cent. What caused this sudden spike in volume? I still don't know, I saw no news, promotion or trading alerts at all. I'm speculating that buyers rushed in and possibly took out every outstanding limit order on the books for some reason...but that is mere speculation.
The recent trading has been very curious as well in my opinion. While some might have been worried about the notification of late filing on November 14 it sure didn't slow down buying as evidenced by the trading that day.
They did file their Quarterly on November 20, and the numbers were less than spectacular...but I wasn't expecting much from a stock trading around a penny. Besides those numbers are for the July - September 2003 time period and that is in the past. I'm hoping that my opinion of the trading pattern here portends something positive coming in the future.
I'd appreciate hearing any and all thoughts, both fer and agin. As I said, this is very speculative and I've only invested risk capital. I consider it a very real possibility that I may lose some or all of my investment.
Lots of interest in MAGR today.
Might be worth a look-see.
John
MYIQ ran like a scalded cat today..... 58MM+/- shares traded. B-A looks to be set-up for more tomorrow. On Tuesday after the close the MFMMMs set it up as a GAPPER this morning.
ICCO - new board: http://www.investorshub.com/boards/board.asp?board_id=2087
ICCO is a Joe Copia pick from SI.
John
32% is nothing to sneeze at. Congrats. I'm ahead quite a bit myself. All the trades are posted on BTS.
Here is a chart of LMIA. It ran up to over $3.00 for a bit but is pretty much where it started at now.
http://finance.yahoo.com/q/bc?s=LMIA
The balance sheet shows that net tangible asset value has been dropping every quarter so that really isn't a good sign. But it does seem to have pretty solid support around $2. As far as the results of the screen go, I am not certain. I should have copied and pasted the results of the screen so we could check them later. Using this strategy with dividend paying stocks, I am up 32% this year but most of those stocks are mid to large cap companies.
MXDY -- NEWS on CHINA deal...
Maximum Dynamics, Inc. Obtains Exclusive License
Monday, October 27, 2003 07:38 AM ET Printer-friendly version
COLORADO SPRINGS, CO--(MARKET WIRE)--October 10, 2003-- Maximum Dynamics, Inc. (OTC BB: MXDY, news), a back office administration and technology company that supports the financial community, announced today that it has acquired the exclusive rights to distribute into the continent of Africa all financial and communications hardware and electronics solutions of Hong Kong based M.POS Holdings Limited (http://www.mpos.net). In addition, Maximum has the right of first refusal for the exclusive distribution rights into the United States and Mexico. As part of the agreement, Maximum has also acquired office space and sharing of human resources in Hong Kong and Beijing, China.
Maximum will distribute the products of M.POS in these territories and has agreed to commit IT resources to program the MPOS unit for banking certification in Africa and to manage the support for the product in Africa. Both companies have agreed to co-brand the names and identity of each other on their respective offices.
Derek Smith, the CTO of M.POS, was appointed to serve as the Director of Business Development, Asia for Maximum. Similarly, Maximum will appoint executives to serve in M.POS in the positions of Director of Business Development, Africa, North America, South America and the Middle East.
M.POS provides mobile commerce services and products in the People's Republic of China and Hong Kong. Their flagship product is the M.POS2002, which is a wireless point of sale (POS) terminal designed to allow merchants to accept payments by means of debit or credit cards in any location. The POS device is capable of processing magnetic cards or smart card payments in real time from any location. The terminal can also capture and transmit data for corporate applications, make voice calls and even offer fingerprint verification. It has messaging capabilities that include sending, receiving and printing short message services (SMS), sending and receiving email messages, and instant text messages.
As a result, merchants now are no longer constrained to the location of their telephone lines, nor the narrow services on offer from their traditional electronic funds transfer (EFT) POS terminals. This highly portable device is perfectly suited to drive payment acceptance, prepaid voucher sales, inventory tracking and a host of other applications.
Maximum obtained the rights and agreement in exchange for 1,000,000 shares of restricted stock of Maximum Dynamics. M.POS opted for stock instead of cash because they were impressed with the management of Maximum, the sizes and reputations of potential customers, and the distributors for MPOS products that Maximum already has.
"The device fits nicely into our product and service offering in the banking, supply chain management, mobile commerce and procurement industries," said Eric Majors, CEO of Maximum Dynamics, Inc. "From what we are experiencing, the demand for this product is extraordinary in Africa and many other countries where the ability to accept credit and debit cards from remote locations is a necessity that has not been adequately addressed. This product takes us directly into banks throughout Africa and lets us provide an immediate value add that is easy to understand. I feel very confident that our policy of taking time to build Maximum by doing things right, building relationships with very substantial partners, and acquiring substantial products is what really separates us from other companies."
The agreement with M.POS extends beyond the distribution of M.POS's products with the initial steps of an informal joint venture in the works. The two companies have agreed to share resources, cross-sell products and brand each other in their respective regions. "When we sat down to finalize this agreement, we realized the value added synergies that exist between us," added Majors. "With their relations in China, they are very interested in utilizing our capabilities and service offering to set up a broad-based back office service in China that is in line with our core offering. For example, we are already exploring an opportunity to provide administration for the management of hundreds of millions of dollars in commodities trading. Overall, this is an important step for all of us in terms of revenues in the pipeline, business development prospects and overall business growth."
About Maximum Dynamics, Inc.
Maximum Dynamics offers back office administration services using its flagship software Datalus, a web-based software solution. By using the company's service, customers can now have access to a program that provides a cost effective way to manage and administrate critical records and data while maintaining the strictest security and control. Management believes that its services offers customers lower overhead, automated computation and payment delivery systems, transaction tracking and security/control.
For more information about Maximum, visit the company's website at http://www.maximumdynamics.com.
About M.POS Holdings Limited Based in Hong Kong, M.POS Holdings Limited was established in 1998 to develop mobile commerce services and products. At the heart of these products is M.Gate, a transaction processing gateway which channels services between clients, such as MPOS terminals, mobile phones, PDA's, PC's and other terminal devices, as well as service hosts, such as banks, telecommunications companies and merchant systems. M.POS Holdings operates actively in the People's Republic of China and Hong Kong.
For more information about M.POS Holdings, visit the company's website at http://www.mpos.net.
Yes. Goodwill doesn't count for anything in a buyout. And even if the company in question doesn't get acquired, goodwill will eventually be written off so it is really just a way to inflate book value as far as I am concerned.
Oct 20, 2003 (financialwire.net via COMTEX) --
(FinancialWire) In a surprise announcement that has
shot through the U.S. microcap securities community
like a lightening bolt, the U.S. Securities and
Exchange Commission said late last week it will
consider a new Regulation SHO Wednesday, October 22,
at its 10 a.m. meeting. The regulation would require
short sellers in all equity securities to locate
securities to borrow before selling short, and add
further requirements to address "naked" short selling.
The practice of selling stocks without securing
certificates has pitted at least 13 market makers,
including Deutsche Bank AG (NYSE: DB), Goldman, Sachs
& Co. (NYSE: GS), Knight Securities, LP (NASDAQ:
NITE), and Ladenburg Thalmann & Co., Inc. (AMEX: LHS),
against some 106 public companies claiming "foul" for
over a year now, and has also called into question the
electronic settlement system run by the Depository
Trust and Clearing Corp. more commonly referred to as
the "DTC."
Despite its immense power in the securities industry,
and its "old boy" network of directors, the Depository
Trust has so far largely escaped the governance crises
that have struck, first the U.S. Securities and
Exchange Commission itself under Harvey L. Pitt, and
then the New York Stock Exchange and the American
Stock Exchange, currently owned by NASDAQ (OTCBB:
NDAQ).
Among other things, Regulation SHO would institute a
new uniform bid test, applicable to exchange-listed
and NASDAQ National Market System securities, that
would allow short sales to be effected at a price
above the consolidated best bid. Regulation SHO would
also suspend the operation of the proposed bid test
for specified highly liquid securities on a two-year
pilot basis.
The hearing, and assuming the SEC approves the staff's
proposal, the subsequent public comment period, is
expected to attract immense interest, as shareholders
and company executives vent their frustrations. SEC
spokesperson John Heine told FinancialWire that the
Wednesday hearings will be webcast directly from the
SEC at www.sec.gov.
FWIW: It's my understanding that Buffett and all the other Biggies throw out the "..good will.." value, which is totally subjective and can go away due to a buy-out.
John
So- one year later. How did they do?
MASG going up. http://www.investorshub.com/boards/read_msg.asp?message_id=1256827
I used to own a Mooney Chapparal M20E, one helluva good airplane...!!!
John
AVHC 0.15 +0.0375 (+33.33%) 0.15 0.16 797,100
This, and more to come, after a nice shake back to 0.08 the other day. IMHO it;s going to continue positive into 2004.
John
Radar AVHC, loooookeeeeeng gooo-ooood...........
John
Whenever I run across glitches or old information on pinksheet companies, I email or call them and they are very responsive.
I think the PinksSheets will become the new OTCBB by default, so all effort should be expended to contact and work with them as was being done with the BBX effort.
Go with the flow, and try to make it better, aye...!!
John
I knew you knew that, Now what are we going to do about the scum errrrr scammers???
".....I knew that....". Tee hee.
John
Ya hear the news about the BBX?
Subject: NASDAQ Announces Discontinuation of the BBX
From: Glen Wolyner, Executive Vice President, NASDAQ
NASDAQ?s new management, led by President and CEO Robert Greifeld, has recently concluded a strategic review of its business initiatives. As a result of that review, NASDAQ® has announced that it will focus solely on products and services that contribute to its mission to be the best stock market in the world for investors. After careful consideration and effective immediately, NASDAQ will discontinue its efforts to launch the BBX.
We understand that the decision to discontinue the planning of the BBX may be disappointing, but the existing Over The Counter Bulletin Board (OTCBB) will continue its current operations that provide a quotation facility for companies that are current in their Securities and Exchange Commission (SEC) filings.
I'm going to try and push the SEC to make some improvements to the OTCBB since the BBX won't be coming into play. I want to get some rules and regulations on short selling. That's probably the biggest problem on the OTCBB right now.
BBX has been cancelled, hence................
The Rise of the Pink
Traders Magazine June 2003
Nasdaq is making more room for one big fish in a small pond.
Peter Chapman
The OTC is turning pink. That's because the Pink Sheets may soon become the dominant trading venue in the over the counter market for stocks that do not trade on Nasdaq. And it's all because Nasdaq is planning to dramatically reduce its support for these OTC securities.
Under Nasdaq's plan, the OTCBB will disappear. That will leave the Pink Sheets in control of most of the 7,000 OTC securities bought and sold "over the counter."
Right now, the over-the-counter market is split between two trading venues -- Nasdaq's OTCBB and the Pink Sheets. But next January, Nasdaq will launch a new market called BBX, which stands for Bulletin Board Market. The BBX will list the strongest companies on the OTCBB. Six months later Nasdaq plans to terminate the OTCBB.
The proposal is still pending approval by the Securities and Exchange Commission. But if it gets the green light, no more than 700 of the 3,200 OTCBB securities are expected to qualify for a listing on the BBX. The rest will shift to the Pink Sheets, a venue, which like the OTCBB, has many risky securities.
Some 7,000 securities are traded in the over-the-counter market. OTCBB quotes 3,200 of them. Pink Sheets quotes 3,900 exclusively. Pink Sheets could pick up another 2,500 to 3,000 if Nasdaq's proposal is approved. The BBX listing fees and stringent corporate governance standards will likely prevent the vast majority of OTCBB companies from making the cut.
Sleepy Company
The upheaval reflects both the disdain Nasdaq has for its often scandal-plagued sister market and the dramatic transformation of Pink Sheets -- from a sleepy publishing company into a modern day electronic trading facility.
The Pink Sheets makes most of its money selling market data and charging market makers "position" fees for each security traded. It is eager to get its hands on 3,000 more securities.
"We would love to have them," said Cromwell Coulson, chief executive of Pink Sheets. "Our goal is to provide a competitive, transparent and efficient medium for market makers to make markets and brokers to transact in these securities." If Nasdaq's BBX proposal is approved and thousands of OTCBB securities fail to make the cut, the event will mark Pink Sheets' second major windfall in four years.
Between 1999 and 2000, OTCBB de-listed about 3,000 of its then 6,500-name roster. The companies were unable or unwilling to meet new requirements to file reports with the SEC.
At that time, the mass de-listing caused the number of securities quoted on the Pink Sheets' then-new Electronic Quotation Service (EQS) to surge from about 1,000 to 4,000.
Had the EQS not existed, it is questionable whether the SEC would have allowed Nasdaq to de-list 3,000 companies. Prior to 1999, the Pink Sheets was just a pink-colored printout of securities prices and market maker telephone numbers that was distributed to dealers. This relative lack of transparency in over-the-counter prices is what led the SEC to pressure Nasdaq to establish an electronic quotation service. The OTCBB was launched in 1990.
The EQS is popular with traders and Pink Sheets quote data is carried by Nasdaq's Level 1 feed and the major market data vendors. Pink Sheets prices have achieved widespread visibility.
So, transparency is no longer an issue, but the picture today is still more complex than it was four years ago. A listed market with higher corporate governance standards is a much bigger leap for companies than merely requiring them to file with the SEC, observers note. The SEC might be reluctant to approve another mass de-listing.
The BBX is far from a done deal. Nasdaq and the SEC have been going back and forth on the BBX issue for nearly two years. Nasdaq originally filed for its rule change in October 2001. The SEC has yet to publish the proposal in the Federal Register.
Publication in the Register would signal the SEC is reasonably satisfied with the proposal and ready to listen to public comments.
Some Grumbling
Although there appears to be little organized resistance to the creation of BBX, there is some grumbling. Market makers object to certain aspects of the BBX. Others say the Pink Sheets is an inadequate venue for the cast-offs.
Nick Ponzio, chief executive of Hill Thompson Magid, one of the largest OTC dealers, is strongly opposed to BBX as currently envisaged. "I am disappointed Nasdaq has not created something the market makers can participate in," he said. "I've been trading Nasdaq my entire career, so I am disappointed their product is something that may not work."
Specifically, Ponzio's complaint is about spreads. He says the BBX would eliminate the ability of a market maker to commit capital because of the rules that govern spreads. Because many OTCBB names trade only sporadically, spreads need to be wider than on Nasdaq stocks, for instance. Otherwise, dealers won't take on potentially money-losing positions.
"If I buy 20,000 shares of Apple, I can usually get rid of them fairly quickly at a price not much different than at what I bought them," he said. "That's not true with the majority of stocks in the OTCBB."
Gregg Dudzinski, who is in charge of trading at wholesaler Wm. V. Frankel, says his firm is not opposed to the BBX. But he's worried its introduction could lead to the same type of problems besetting the Nasdaq market in the SuperMontage era.
The BBX would likely usher in the ADF and ECNs, causing the market to fragment and lead to the scourge of locked and crossed markets, Dudzinski says.
Markets are said to lock when the best bid equals the best ask, and to cross when the bid exceeds the ask. "We're not saying BBX is a bad idea and shouldn't be done," Dudzinski said, "but we have a certain trepidation about the unintended consequences that could come of it."
Dealers also question Nasdaq's decision to implement SuperMontage as the BBX's central trading mechanism [see Traders Magazine, April 2003].
As for the Pink Sheets, dealers generally laud the venue as an efficient trading medium. They praise the real-time nature of EQS and the speed engendered by the recently launched Pink Link order delivery system.
But some worry that liquidity could dry up in some stocks. Brokers and investors may shun some of the stocks that fall to the Pinks if they perceive their quality as inferior to stocks on the OTCBB. "Without a doubt it's a concern," said one trader who did not wish to be identified. "I hope that doesn't happen, but I don't doubt it probably will. You will definitely see a little reduction in liquidity."
Andrew Berger, the publisher of Walker's Manual of Unlisted Stocks and a microcap investor himself, agrees. He says the perception of the quality of Pink Sheets securities causes investors to sell off even sound OTCBB stocks when they drop to the Pinks. "Frequently, when something goes Pink, voluntarily, as opposed to being de-listed, the stock price will take a big hit."
Dealers and others also fret over the impact on the future capital raising abilities of the thousands of companies that could drop to the Pinks. The cost to raise capital may increase, or the companies may not be able raise capital at all. Once again, some investors and bankers may shun the stocks because of a perception of lower quality. "This change will force the little guy even further down the chain," said Dudzinski. "This will have a tremendously negative impact on the capital formation process for small companies."
One trader who left the industry a few years ago, but trades for his own account, wrote in an e-mail: "I have seen the destruction that Nasdaq has caused these companies. Not only do shareholders lose out but so do employees when these companies are forced to go to the Pinks or back to being private due to lack of capital raising abilities."
Aura of Respect
Pink Sheets maintains the quality of its companies is little different as those on the OTCBB. Companies quoted in the OTCBB, Pink Sheets execs say, have always been cloaked in an aura of unwarranted respectability due to the association with Nasdaq.
"Investors get misled by OTCBB's relationship with Nasdaq and the NASD," said Coulson. "That's why the Pink Sheets are different. Our brand name represents opportunity and risk."
Investors know what they are getting into with the Pink Sheets, according to Coulson. They may not with OTCBB issues. That OTCBB-quoted companies must file reports with the SEC is "not a high hurdle," Coulson said. "The number of suspensions by the SEC is pretty evenly divided between Pink Sheets and OTCBB securities." The SEC will suspend a company's stock from trading for ten days for various reasons.
For Mark Borelli, a former enforcement official at the SEC, the issue is less about the reputation of the securities quoted in the Pink Sheets than the regulatory oversight of the quoters.
Borelli, now an attorney with Shevsky & Froelich in Chicago, maintains surveillance is more aggressive in the OTCBB because the venue is operated by Nasdaq, an SRO, or self-regulatory organization. Pink Sheets is not an SRO. It is a non-exclusive SIP, or securities information processor, under securities law. It possesses no regulatory functions.
Borelli is opposed to a mass dumping of securities onto the Pinks and contends that Nasdaq or the NASD, have an obligation to continue to provide a venue for securities not listable on BBX. "Is an exchange a for-profit enterprise run for the benefit of its owners or is it a public trust?" he asked. "That's the bigger issue."
Nasdaq is clearly acting as a for-profit entity, Borelli says. OTCBB is neither good for Nasdaq's reputation nor profitable. By retaining only those OTCBB companies that can afford to pay listing fees it can turn a subsidized venture into a profit-making one. "If Nasdaq is a public trust then maybe the fees from the other companies should be used to subsidize this market," the former regulator said, "instead of abandoning this market just because it is not profitable." The OTCBB is a better marketplace because it is regulated more closely, according to Borelli. "That is key," he said. "If a market develops to replace OTCBB where at least the trading is regulated, then investors will be better off."
Pink Sheets does not regulate. But market makers quoting in the Pinks must obey the same rules as those quoting in the OTCBB. For example, they both have 90 seconds within which to report trades; must maintain firm quotes; and must file Form 211s to sponsor a security.
In theory the NASD is watching. Yet the regulator didn't win SEC approval to monitor EQS quotes until March. For the past four years, it has had a fuzzy arrangement with the Pink Sheets to receive EQS data. "It shouldn't be fuzzy," said Borelli. "It should be clear. There is a vacuum that needs to be filled. Because of concerns over manipulation there needs to be a market for these orphan stocks where the trading is regulated."
Two names are mentioned as possible candidates to fill any perceived void between BBX and the Pink Sheets. One is ArcaBB, an alternative trading system formerly known as GlobeNet. ArcaBB is owned by Archipelago which runs the ArcaEx stock exchange in conjunction with the regulators of the Pacific Exchange. The other is the ADF, a quotation system run by the NASD in competition with SuperMontage for the quoting of Nasdaq stocks.
Under its previous ownership, ArcaBB did not make much headway in the trading of OTCBB names. It functions in similar fashion to an ECN on Nasdaq, but with considerably less success than such ECNs as Island or Instinet. In a recent month, it traded only a small fraction of OTCBB volume, according to the OTCBB website. But as part of Archipelago, one of the three largest ECNs, it could potentially tap into large sources of order flow.
The ATS has no immediate plans to build a marketplace based on dealer sponsorship of quoted companies, but is seeking to boost its liquidity in OTCBB names. "We want to capture market share before Nasdaq has a chance to de-list a significant portion of the OTCBB," said Tom Wilkerson, an ArcaBB exec. "We want to trade them all. We want to give the OTCBB stocks representation."
Still, Wilkerson says he gets calls from market makers interested in filing their Form 211s with ArcaBB rather than Nasdaq. In order to sponsor a company for trading in the over-the-counter market, a dealer files a Form 211 with either OTCBB or the Pink Sheets.
Wilkerson says that, given Archipelago's exchange status, ArcaBB has "a little more leverage on the Street" than its competitors. "We can do some things the other ECNs cannot," he said. ArcaBB's only competitor among the ECNs in the over-the-counter market is Track ECN.
"If the BBX forces us into our own corner and market makers don't want to participate in BBX," he added, "what is to stop Archipelago, because of its status, from creating its own marketplace?"
Carrying the torch for the ADF is Nick Niehoff, an ex-Nasdaq executive who launched the OTCBB in 1990 and is now under contract to Track. Niehoff is running a grassroots campaign to convince the powers-that-be in Washington that the ADF should broadcast quotes in OTCBB as well as Nasdaq names. The ADF was mandated by the SEC as an alternative to Nasdaq's SuperMontage. It has become the primary quote outlet for the giant ECN Instinet. Like the OTCBB and the EQS, the ADF is simply an inter-dealer quote service, albeit one associated with an SRO. For Niehoff, the ADF is a better venue than the Pink Sheets for the thousands of potential OTCBB orphans because of the quality of the existing Pink Sheets companies. "Most Pink Sheets companies aren't SEC-reporting," Niehoff said. "It's a quality of market issue."
Niehoff wants to see quoting and trading in any orphan stocks done in association with an SRO. His campaign involves writing letters to the NASD, promoting his plan to regional stockbrokers and working with the Security Traders Association.
Mark Madoff, co-head of the STA's primary Trading Committee, acknowledges the committee is in the process of setting up a sub-committee to evaluate the issues surrounding BBX.
Despite the opposition, Pink Sheets is pushing ahead with plans to make it easier for market makers to quote OTCBB securities in the Pinks. Right now most OTCBB securities, but not all, can be quoted in the Pinks as well as the OTCBB. Coulson says only about 860 of the 3,200 OTCBB are not eligible for dual quoting. He expects that number to drop to 600 soon.
Two of the largest over-the-counter dealers, Knight Trading Group and Schwab Capital Markets, are in the process of qualifying all their OTCBB names in the Pinks in advance of the BBX. Ponzio of Hill Thompson says his firm has always dually quoted a large number of its stocks.
Dealers which dually quote OTCBB names do so for any of three reasons: to advertise their interest more widely; to protect themselves in case a stock is de-listed from the OTCBB; and to use Pink Link. Generally, they do not quote prices and sizes in the EQS, but just their market maker IDs.
"Dual-listing is starting to take off," said Coulson. "Schwab, Hill Thompson, Knight, Monroe and Carr are dually quoting everything they can."
For those who don't own any, it might be a good time to consider (..or reconsider..) Laforza........ Laforza manufacturers a factory armored (..or unarmored..) SUV called a "..PSV.."; personal safety vehicle. They feature GM Northstar V8s, 4WD, Italian sytling, Italian glove leather interiors, and all the whistles, bells and goodies. Please see the LFZA board:
http://www.investorshub.com/boards/board.asp?board_id=332
Unlike the aftermarket-kludged armored vehicles like the SUVs you see the President ride around in, Laforzas are designed for the the additional weight and have sterling road performance.
The company has just moved to lower-overhead digs because their previous landlord wanted to jack their rent up by 40%. In addition, we understand that the CEO is headed back across the pond for additional negotiations which will hopefully get the show back on the road. As with many small companies, they've had a helluva time getting financing, but that may be changing also.
It may be PINK, but it don't stink. And, at under 0.01, a little Casino Money might bring you some decent gains. No guarantees of course; DYODD.
John
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