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STCA SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72773.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72773-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72774.pdf
High risk at present! Their are more profitable picks!
Something like that. what about yourself whats your take?
No volume, news, updates etc. Did u do any DD on the company?
I got a strong feeling this is going to jump soon so I want to get shares.
I'm a spectator for now!
Nope are you selling?
Is that ur sell order .0004?
Their last financials were great too. I actually missed a second private placement after the one I was in on. I keep my on on it.
Haven't heard too much lately. A lot of potential with some huge name companies and strategic partners. The question remains, can a little dog enter the big dog arena? If so, this stock has the potential to skyrocket and quickly. Big if. Most of the debt on the balance sheet is convertible meaning that if the stock price takes off, the private placement investors will convert to common stock thus removing the debt from the balance sheet. One large deal solves most of the financial worries of the company. Yes, you get a little dilution but nothing too significant.
I'm really hopeful they can pull it off and soon. If so, I think we can see a couple bucks a share within a year.
Glad to see there's finally a post about Statmon. I've been in waaaaaaaay back when they made the private placement - should've sold then when it was over a dollar.... It has been getting some movement around lately, just wanting it to go up.
Has anyone heard any news lately?
Yes he is. Any reason that you ask? Are you a long time shareholder?
IS Geoffrey Talbot still at the helm of this Company?
Noticed STCA is featured on Wallst.net. Link to it is in my siggy.
Statmon Technologies Reviews September 2006 2nd Quarter
Statmon Technologies Corp. (OTCBB: STCA): In the recently announced quarter ending September 30, 2006, Statmon Technologies Corp. more than doubled its sales, achieving sequential and year over year revenue gains of 156% and 108%, respectively, with quarterly revenues of $647,000. This gain in revenue was partially attributable to the Company's agreement with MediaFLO USA, a wholly owned subsidiary of QUALCOMM Incorporated (NASDAQ: QCOM), as reported in Form 8K filings dated September 15, 2006 and October 4, 2006, respectively, and partially from increased international broadcast activity.
Looking toward the current quarter ending December 31, 2006, Statmon Technologies anticipates reporting revenues in the range of $2.2 million and an operating profit in excess of $1.0 million largely attributable to its agreement with MediaFLO USA. To date, Statmon Technologies has shipped software and hardware on schedule for numerous MediaFLO USA sites. Statmon Technologies domestic and international broadcast sales continue to be strong in the quarter ending December 31, 2006.
Mr. Geoffrey Talbot, Statmon Technologies CEO, said, "We are delighted to be involved with the exciting MediaFLO USA national network build out. We also are receiving increased inquiries and positive feedback from the domestic and international infrastructure markets regarding our flagship 'Axess' facilities management and remote site software, and have increasing dialogue with corporate, military and government entities that offer Statmon Technologies substantial new business development opportunities going into 2007 and beyond."
Mr. Talbot went on to say, "In order to better service our growing domestic and international customer base, Statmon Technologies is establishing a fully functional Chicago, Illinois-based facility that will include a network operations and monitoring center. The new facility is scheduled to come on line in early 2007. Chicago is centrally located to the majority of Statmon Technologies existing clients, plus strategically located to many of the new vertical market customers we are focused on including wireless, telecommunications, government and the military."
Mr. Talbot continued, " The Company is working with institutional investors to provide an equity infusion primarily to fund the expansion into new markets and to improve the Company's balance sheet. The Company is working with institutional investors to provide an equity infusion primarily to fund the expansion into new markets and to improve the Company's balance sheet. Demonstrating confidence in Statmon Technologies future prospects, certain of the Company's existing note holders have committed to convert approximately $1.5 million of their debt into equity in the proposed private placement offering. The Company believes that a stronger balance sheet along with the improving operating results are important mile posts towards the goal of reaching compliance for listing on a national exchange."
Mr. Talbot closed by saying, "We greatly appreciate the support of our customers, shareholders, investors and employees who have all contributed to making the improved operating results in the quarter possible. Management are highly committed to leveraging that success in 2007 and beyond."
Statmon Technologies Corp.
Geoffrey Talbot, Chairman & CEO, 310-288-4580
gtalbot*statmon.com
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