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Shhhhhhhh, I need to add more under .05 before the BREAK-OUT!!!!!!
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OK... getting warmed up here now!!!!
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wont take much volume to get this one moving!
I agree we are at Bargin basement prices here!!!
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The trial is delayed. I'm holding until the trial is over. It's my understanding that OPBL has .08/share cash. So at .016/share I think we're allright for now.
Just in a state of suspended animation right now.
:)
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Looks like dead money to me.
Officially on the Must Radar list as of today!!
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Somethings going to break around here soon if you ask me!!!!
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OPBL & The Blackstone Group connection.....
Matthew L. Katzeff was appointed by the Board of Directors to the position of Chief Financial Officer on July 27, 2010. In December 2010, he was elected to the Board of Directors. Mr. Katzeff also is the Head of M&A and a Managing Director at Ashir Group, Inc., a financial consulting firm. Since beginning his investment banking career at The Blackstone Group, Mr. Katzeff has developed a successful 18 year career predominantly focused upon Mergers & Acquisitions advisory, Private Equity sourcing and execution, as well as the development and execution of debt and equity capital transactions, all across a wide array of industry sectors as well as corporate sizes and situations. Since his tenure at Blackstone, Mr. Katzeff was a member of the M&A teams at SBC Warburg Dillon Read (currently UBS), Credit Suisse First Boston and Peter J. Solomon Company. Mr. Katzeff then became a Vice President with North Atlantic Trading Company, focusing on the sourcing and execution of both stand-alone and “bolt-on” private equity investments, primarily within the consumer products sector. He was also responsible for the financing and refinancing of a number of the company’s investments and acquisitions, including the arrangement of senior debt facilities and high-yield offerings.
Immediately prior to joining Ashir Group, Mr. Katzeff was a Managing Director with J Giordano Securities Group, an investment banking boutique in which he focused upon the development, strategy and execution of debt and equity capital transactions as well as M&A across a number of industry sectors. Mr. Katzeff’s experiences at both bulge-bracket institutions as well as boutique investment firms have given him a unique and very well-rounded perspective enabling him to be truly value-added with respect to corporate strategy, development and value, while maintaining a very strong sense of creativity.
Mr. Katzeff has closed transactions amounting to an aggregate value of approximately $18 billion, including the Blackstone Group’s acquisition of Wahaha Group Corporation, a large Chinese consumer products company. Sectors in which Mr. Katzeff has operated include telecommunications, consumer products, retail, business process outsourcing, teleservices, IT services, aerospace & defense, healthcare, building materials, gaming, enterprise software, financial institutions, natural resources, alternative fuels, and general industrial & manufacturing. Corporate situations have included public and private entities, family-owned situations, joint ventures, corporate partnerships and defense from hostile acquisitions. Mr. Katzeff graduated from Cornell University, earning a BS in Economics with a concentration in International Finance. He is Series 7, 63 and 79 licensed and is also proficient in Spanish and Japanese.
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OPBL IS A GREAT SHELL PLAY!!! Watch for possible China/Asia deal coming soon.
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... need to turn up the volume here soon. !!!
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Matthew L. Katzeff & Brad P. O'Sullivan ... it looks like these 2 guys have great backgrounds and they are developing a plan for OPBL.
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Stay tuned...... it's about to get good around here!! $$$$$
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Matthew L. Katzeff initial dd looking excellent as well!!! Let me see what else I can come up with here.
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From what I see so far Brad P. O'Sullivan has some great credentials.
Looks like we have some new people starting to run the show!
Whats going on.. starting to get some volume here I see.
Nice volume for a change. Maybe OPBL will start to get noticed again?
It's good to see a little trading on OPBL being done today. GLTA
That is great news. We will probably get news soon about the court case.
Things are beginning to perk up 157,600 shares traded @ 3pm and the nice part is were up too.
Looking good today. Could we close @.07? OK, that might be a stretch.
You can find the reason why there is some activity by checking out Elvis's Yahoo Group. He usually post the documents that are on Pacer.
Check out this story below...
http://www.businessweek.com/news/2010-03-19/bmo-shirked-responsibility-for-losses-cassidy-says.html
Moving up on heavy volume. Looking good today.
Sure hope your right there .
deep
It could be that the case will hing on whether the judge or jury has a reasonable doubt about whether OPBL knowingly assisted Lee in hiding his losses from BMO? I am prejudiced and believe that BMO and Lee were the only ones responsible for their huge losses.
In the story it reads ....
Mr Lee was conspiring with Optionable.........is that a done ruling and now we ( Optionable ).....what change our name to attract new customers?
What was our punishment apart from the obvious loss of trust by the market and the loss of our biggest customer ? ANd the sacking of the manager with the fraud record.
Do you have faith in a comeback to any degree of Optionable's former status?
To stay with the name or start again both seem losing situations. Sorry to sound so dismall ....I am not ....actually lost my shirt ,pants and socks here and wonder if there is some light I don't see at the end of a loooong tunnel?
deep
Like you I'm watching to see if it does. It certainly can't hurt.
Below is the link to the story.
http://dealbook.blogs.nytimes.com/2010/03/08/c-f-t-c-settles-bank-of-montreal-trading-case/
Do you think this can move much higher today?
BMO’s Moore takes plea deal. One more step toward getting this nightmare over with. Keep watching for Elvis’s post on Yahoo message board. Elvis has really been a legal eagle and has help keep the rest of us informed.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_O/threadview?m=tm&bn=40602&tid=37559&mid=37559&tof=1&frt=2
Good volume up today. Any news?
It will fly once the gap is closed at .03 I am holding too for big profits soon. Judy, I have member marked you.
Hey experttrader1: It looks like it's you and me against the world.
Hopefully some day there will be more interest again in OPBL. I've been hold for a long time on this one.
It appears like short positions are covering. This should fly upwards very soon.
Looks like there is action today. I am prepared for this to shoot up at any time now. Appears like great news is coming soon.
You might want to join this free yahoo group.
Elvis has done a lot of research and posting pacer documents etc. You may already know the history, but if not it is a good place to start.
http://finance.groups.yahoo.com/group/opbl/
Alot of volatility and volume today. Is there any news?
At last OPBL is starting to move in the right direction. Been holding the bag on this since May 2007.
LOL, you can't see any difference between 6000 average daily volume and 600,000 for the past 2 days?
AS far as front loading here is the sales history. Looks like a stable volume to me. lol
Historical Prices
Date Open High Low Close Volume Adj
Close
2009/11/20 0.038 0.038 0.026 0.026 118,000 0.026
2009/11/19 0.020 0.070 0.018 0.038 1,331,322 0.038
2009/11/18 0.020 0.024 0.020 0.020 90,152 0.020
2009/11/17 0.023 0.024 0.020 0.020 77,000 0.020
2009/11/16 0.023 0.023 0.018 0.018 51,000 0.018
2009/11/13 0.024 0.024 0.023 0.023 34,293 0.023
2009/11/12 0.025 0.025 0.023 0.023 39,975 0.023
2009/11/11 0.024 0.025 0.024 0.025 153,014 0.025
2009/11/10 0.026 0.026 0.024 0.024 47,000 0.024
2009/11/09 0.026 0.026 0.026 0.026 3,000 0.026
2009/11/06 0.026 0.026 0.026 0.026 100 0.026
2009/11/05 0.024 0.027 0.024 0.027 6,000 0.027
2009/11/04 0.027 0.027 0.024 0.024 5,500 0.024
2009/11/03 0.027 0.027 0.027 0.027 20,000 0.027
2009/11/02 0.023 0.023 0.023 0.023 1,100 0.023
2009/10/30 0.023 0.023 0.023 0.023 4,400 0.023
2009/10/29 0.023 0.023 0.023 0.023 6,000 0.023
2009/10/28 0.023 0.023 0.023 0.023 70,400 0.023
Thanks for your help and we will keep it in mind.
Cargo we did not front load this at all. have a great day.
BANKRUPTCY WARNINGS - THERE ARE NO REVENUES - I DEFY YOU TO SHOW ME ANY REVENUES - WHY DO THEY START THE 10Q by ADMITTING THEY ARE A SHELL COMPANY.
DON'T LIE TO THIS BOARD PLEASE!
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No o
You are listing the EXPENSES and calling them REVENUES???
INCREDIBLE!
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001437749%2D09%2D001758%2Etxt&FilePath=%5C2009%5C11%5C16%5C&CoName=OPTIONABLE+INC&FormType=10%2DQ&RcvdDate=11%2F16%2F2009&pdf=
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465 Columbus Avenue
Suite 280
Valhalla, NY 10595
United States - Map
Phone: 914-773-1100
Fax: 914-773-1500
Web Site: http://www.optionable.com
DETAILS
Index Membership: N/A
Sector: Financial
Industry: Investment Brokerage - National
Full Time Employees: 3
BUSINESS SUMMARY
Optionable, Inc. provides services for the brokerage of energy derivatives to brokerage firms, financial institutions, energy traders, and hedge funds in the United States. It offers natural gas and other energy derivatives trading and brokerage services, OTC energy derivatives brokerage services, energy futures derivatives services, and services for lesser used derivatives, such as swaptions. It provides voice brokerage and floor brokerage services at the New York Mercantile Exchange and is developing an automated derivatives trading platform, OPEX. The company was founded in 2000 and is headquartered in Valhalla, New York.
Optionable, Inc. is a leading provider of natural gas and other energy derivatives trading and brokerage services. The company provides its services to brokerage firms, financial institutions, energy traders and hedge funds nationwide. Optionable is a public company with its stock trading on the OTC Bulletin Board.
Optionable provides its customers a full range of trading strategies, including voice brokerage, floor brokerage services at the New York Mercantile Exchange (NYMEX) and Optionable is developing an automated derivatives trading platform named OPEX. Drawing upon the more than twenty years of experience of its senior traders, Optionable works closely with the customers to tailor trades and develop the best trading strategies to meet the customers' investment objectives.
OPEX will be a real-time electronic trade matching and brokerage system designed to improve liquidity and transparency in the energy derivatives market. OPEX, is designed to be the first of its kind real-time electronic trade matching and brokerage system featuring trading strategies used by professional options traders. OPEX trading platform has also been certified to connect with the NYMEX ClearPort(r) electronic trading and clearing platform.
Optionable was founded with the goal of creating a comprehensive electronic options trading platform that eliminates the inherent inefficiencies of the traditional open-outcry and over the counter (OTC) trading environments.
Optionable's founders recognized that there is a specific void in the current open-outcry and OTC marketplaces. The traditional open-outcry system, currently used on the trading floors of regulated commodity exchanges throughout the world, suffers from a number of serious drawbacks. These markets cannot provide their traders with vital information such as the size of the best bid or ask price. Some trading pits have grown so large that it is virtually impossible to hear what is trading on the opposite side of the pit. This creates an un-level playing field where a trader's financial success can largely be affected by where he or she is located in a particular trading pit. Additionally, traders are limited by the exchange listed strike prices and expiration dates and do not have the flexibility to create trades with customized strike prices or expiration dates.
The over the counter (OTC) commodity market is a broker dominated telephone based marketplace. Market participants depend solely upon their brokers to supply them with all market information and trade confirmations. As a result, the current OTC trading process fails in the fundamental market function of matching the best seller with the best buyer because there is no centralized marketplace where all participants can simultaneously receive accurate market information. Additionally, the telephone-based system is not electronic and therefore cannot be integrated into the customer's own computer systems. This lack of a computerized audit trail results in error prone and overhead intensive back office operations for all market participants. Electronic order matching and brokerage through OPEX will help risk managers and back offices with mark to markets.
Options are an effective tool used by producers and end users to minimize risk, and serve as a speculative vehicle for risk takers who provide liquidity to market participants. While many in the trading community have rushed to develop electronic trading systems, options trading capabilities have thus far been lost in the shuffle. Even when options trading has been built into a system, it has been done as an afterthought. OPEX was designed specifically for options and swaps trading by professional derivatives traders. Harnessing the power of the Internet, OPEX intends to greatly improve the way derivatives are currently traded and to expand the number of markets where derivatives can be used.
The OPEX Trading Platform
The OPEX trading platform can be applied to an unlimited number of underlying contracts and will revolutionize the way derivatives are traded and brokered in various marketplaces such as:
Regulated Commodity Exchanges
Over the Counter (OTC) Commodities
Over the Counter (OTC) Equities
Over the Counter (OTC)Currencies
The OPEX electronic order matching and brokerage system eliminates the inefficiencies of the traditional trading environments by introducing the following innovations:
Complete Price Transparency:
The OPEX MarketPlace enables each trader to view, in real time, all available bids and offers in the marketplace as well as the number of corresponding contracts for each bid and offer.
Anonymity:
The OPEX trading platform preserves the anonymity of it's users by only representing the price and size information of all trades. Since the information is handled electronically, confidentiality is assured.
Customized Expiration Dates:
Traders are currently limited by the standard expiration dates set by the exchanges. OPEX revolutionizes the way derivatives are traded by empowering its users to create options and futures trading strategies with customized expiration dates.
Customized Strike Prices:
Rather than being constrained by listed strike prices, traders will be able to create strike prices tailored to their market expectations.
Credit Screening:
The OPEX MarketPlace was designed to enable its Over The Counter users to create a select list of approved counter-parties. The trading system ensures that only approved counter parties can execute trades with each other. OPEX's users can update their counter-party lists at any time.
Virtual Back Office:
OPEX automatically generates a digital audit trail once a trade is consummated. Previous trades going back years will be stored in the OPEX system.
Seamless System Integration:
The OPEX API will allow for future integration of our system with a customer's own systems and/or third party software providers.
http://www.optionable.com/
News
http://finance.yahoo.com/q?s=OPBL.OB
http://www.optionable.com/news.php
Fourth Quarter and Year End 2006 Conference Call
http://www.investorcalendar.com/IC/ClientPage.asp?ID=113439
KEY EXECUTIVES
Mr. Edward J. O'Connor , 54
Pres, Treasurer
Mr. Thomas Schnell ,
VP of O T C Brokerage Service
Mr. Albert Helmig , 55
Exec. Chairman and Member of Fin. Committee
Mr. Marc-Andre Boisseau , 43
Chief Financial Officer and Principal Accounting Officer
Mr. Yechiel Abraham Zucker , 33
Exec. VP and Sec.
Primary State of Incorporation: Delaware
Country of Incorporation: USA
Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place South
New York, NY 10004
Phone: (212) 509-4000
E-mail: cstmail@continentialstock.com
Website: http://www.continentalstock.com
Outstanding Shares: 52,263,403 as of 2007-04-20
Estimated Market Cap: 21.95M as of 2007-05-25 (based on Outstanding Shares as of 2007-04-20)
Number of Shareholders of Record: 14 as of 2007-03-23
Major Holders
http://finance.yahoo.com/q/mh?s=OPBL.OB
Insider Transactions
http://finance.yahoo.com/q/it?s=OPBL.OB
OPTIONABLE, INC. |
CONSOLIDATED BALANCE SHEETS |
September 30, 2009 | December 31, 2008 | |||||||
ASSETS | (Unaudited) | (1) | ||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 3,958,302 | $ | 8,974,282 | ||||
Recoverable Income Taxes | 985,525 | 958,294 | ||||||
Notes Receivable, net of allowance for doubtful accounts of $80,000 at September 30, 2009 | - | - | ||||||
Prepaid Expenses | 1,167,868 | 1,269,827 | ||||||
Total current assets | 6,111,695 | 11,202,403 | ||||||
Total assets | $ | 6,111,695 | $ | 11,202,403 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Current Liabilities: | ||||||||
Accounts payable and accrued expenses | $ | 756,949 | $ | 420,590 | ||||
Due to stockholder | - | 97,907 | ||||||
Income Tax Payable | - | 83,555 | ||||||
Total current liabilities | 756,949 | 602,052 | ||||||
Due to stockholder, net of unamortized discount of $2,618,270 at December 31, 2008 | - | 2,426,240 | ||||||
Due to director, net of unamortized discount of $316,961 and $355,126 | ||||||||
at September 30, 2009 and December 31, 2008, respectively | 191,736 | 153,571 | ||||||
Total liabilities | 948,685 | 3,181,863 | ||||||
Stockholders' Equity: | ||||||||
Preferred Stock; $.0001 par value, 5,000,000 shares authorized, none issued | ||||||||
and outstanding | - | - | ||||||
Common stock; $.0001 par value, 100,000,000 shares authorized, | ||||||||
52,428,203 issued and 48,328,328 and 52,423,403 outstanding at September 30, 2009 | 5,242 | 5,242 | ||||||
and December 31, 2008, respectively | ||||||||
Additional paid-in capital | 162,783,753 | 162,766,096 | ||||||
Treasury stock at cost, 4,099,875 and 4,800 shares at September 30, 2009 | ||||||||
and December 31, 2008, respectively | (47,552 | ) | (2,506 | ) | ||||
Accumulated deficit | (157,578,433 | ) | (154,748,292 | ) | ||||
Total stockholders’ equity | 5,163,010 | 8,020,540 | ||||||
Total liabilities and stockholders’ equity | $ | 6,111,695 | $ | 11,202,403 |
OPTIONABLE, INC. |
CONSOLIDATED STATEMENTS OF OPERATIONS |
For the three-month period ended | For the nine-month period ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
Operating expenses: | ||||||||||||||||
Selling, general and administrative | $ | 527,785 | $ | 226,646 | $ | 2,803,433 | $ | 1,831,230 | ||||||||
Research and development | - | 98,660 | - | 559,105 | ||||||||||||
Total operating expenses | 527,785 | 325,306 | 2,803,433 | 2,390,335 | ||||||||||||
Operating loss | (527,785 | ) | (325,306 | ) | (2,803,433 | ) | (2,390,335 | ) | ||||||||
Other income (expense): | ||||||||||||||||
Interest income | 3,944 | 42,070 | 38,635 | 198,758 | ||||||||||||
Interest expense to related parties | (13,103 | ) | (97,362 | ) | (141,879 | ) | (283,581 | ) | ||||||||
Total other expenses | (9,159 | ) | (55,292 | ) | (103,244 | ) | (84,823 | ) | ||||||||
Loss before income tax | (536,944 | ) | (380,598 | ) | (2,906,677 | ) | (2,475,158 | ) | ||||||||
Income tax benefit | 338,341 | 72,165 | 76,537 | 881,579 | ||||||||||||
Net loss | $ | (198,603 | ) | $ | (308,433 | ) | $ | (2,830,140 | ) | $ | (1,593,579 | ) | ||||
Basic earnings per common share | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.06 | ) | $ | (0.03 | ) | ||||
Diluted earnings per common share | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.06 | ) | $ | (0.03 | ) | ||||
Basic and diluted weighted average common | ||||||||||||||||
shares outstanding | 48,328,328 | 52,023,047 | 49,183,344 | 52,023,047 |
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Last Trade Time: |