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WHERE the heck can that big block trade be found? I CANNOT find it.
Pat from my experienced everytime I see a big blocks trade on afterhours it is usually company are selling shares..I hope this is not the case here..IMO
YEAH...I mentioned that because of the link I provided geared to the day-traders----but it looks like we have some promotional releases these past few days--new PR people?.. so my bet is there will be more buyers than sellers--AGAIN---
Pat the only time the daytrader will sell off is
if MM decide to fill the gapper..Indicators are looking up..
IMO
CEOcast report today:
The acquisitions of EthoStream and Smart Systems International allowed the company to expand its product portfolio to further diversify itself from competitors who rely on outsourcing for product development. TKO recognized the importance of EthoStream's comprehensive management platform that is backed by a dedicated in-house customer and technical support team that has a customer base of over 1900 hotel and time-share properties. As a result, the company can offer a complete line of product offerings including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder equipment to a large audience. Property owners using Telkonet's technology can remotely monitor and manage their high-speed Internet access system in real time to determine that their guests are receiving high quality, reliable service. The number of users on the Internet can be viewed in addition to monitoring the amount of bandwidth being consumed. Support calls can also be tracked by management to ensure employees are providing a quality customer experience, which is crucial to the viability for any company in the hospitality industry.
Other unique qualities found in the TKO system include E-Secure, an efficient, manageable digital video security solution that provides a new level of service for property security. Such a system has the capability to display and record from 1 to 16 cameras simultaneously, providing managers with rapid and easy access to their videos and recordings. With Internet use on the rise in today's high technological world, alternative wiring options that are high quality and cost-effective are a must in the residential market as well as the commercial segment. Recently Telkonet signed a deal with 1-800-905-GEEK to penetrate the small business and residential market to bring together their family of broadband networking and energy management products to such customers.
As a result of the company taking longer than anticipated to ramp revenue, the stock has been a disappointment, creating the opportunity for risk-oriented investors. Shares that fetched more than $5 in late October, currently trade for just $1.80, giving the company a valuation of just $120 million. Recently, it implemented a program to perform nearly all of its installations in-house, virtually eliminating the need for outside contractors, which should result in higher margins and meaningful cost savings. The company said last week that it expected profitability by year-end. It also said that its energy management business should grow over the coming quarters as both electric utilities and building owners seek additional ways to conserve energy. Finally, its federal government-related programs are now well underway and are accelerating and its hospitality business is winning important contracts. Since the company appears to be heading down the right path, long-overdue rewards could be heading for shareholders.
Holding from $1.40 is good, but I would get out as soon as possible on Monday. Only downside from here until at least November. This company cannot manage any favorable announcements that last longer than a day or two for a positive reaction to the stock price. After the lost report of losses, the stock went all the way from about $2.20 to $1.20. This time we are starting from $1.90 and are already down ten cents. If everything holds true to form, ninety cents isn't too far away. Be careful with this company...it has managed to take a solid technology and squander it in nothing agreements and mismanagement. Get out while the gettin is good. By the way, I'm the only one on this board that predicted the great demise of this stock when we were sitting at $2.20. Nobody else will tell you that.
You know Sirius---
Probably for a few here on Investorshub who are well informed about this I have never heard anything regarding the Uptick Rule ever. Thanks for the info Sirius. It is great reading and thanks to Larry Kudlow.
And heeeeere it is in 'english' ;^D
Uptick rule
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The Uptick rule is a former financial regulations rule, relating to the trading of securities in the United States. The rule was eliminated by the SEC, effective July 6, 2007.
[edit] Explanation
'Uptick' is the name generally given to Rule 10a-1, under the Securities Exchange Act of 1938, which states that short selling is only permitted following a trade where the traded price was higher than the previously traded price (uptick).
On the New York Stock Exchange a short sale may only be done on an uptick or a zero plus tick (which occurs when the price is the same price as the last trade, but higher than the previous different trade).
On the NASDAQ, shorting is only allowed on the bid side when the current inside bid is not lower than the previous inside bid (i.e. a downtick).
Aug 13 is the magic day, Louie...and you are right, it affects ALL of us...
SEC Votes on Regulation SHO Amendments and Proposals; Also Votes to Eliminate "Tick" Test
FOR IMMEDIATE RELEASE
2007-114
Washington, D.C., June 13, 2007 - The Securities and Exchange Commission today voted to take additional steps to better safeguard investors and protect the integrity of the markets during short selling transactions by closing loopholes in Regulation SHO and further reducing persistent failures to deliver stock by the end of the standard three-day settlement period for trades.
Erik Sirri, Director of the SEC's Division of Market Regulation, said, "Today the Commission voted on steps to streamline and tighten short selling provisions so that markets and investors are better served by our rules."
1. Final Amendments to Rules 200 and 203 of Regulation SHO
The Securities and Exchange Commission voted to adopt final amendments to Rules 200 and 203 of Regulation SHO (17 CFR 242.200 and 242.203). The amendments will further reduce fails to deliver in certain equity securities by eliminating the grandfather provision. The amendments also modify the close-out requirement for fails to deliver resulting from sales of threshold securities pursuant to Rule 144 of the Securities Act of 1933 (Securities Act). In addition, the amendments update the market decline limitation referenced in Regulation SHO. The amendments will be effective 60 days from the date of publication of the amendments in the Federal Register.
Regulation SHO, which became fully effective in January 2005, provides a regulatory framework governing short sales of securities and, among other things, includes the following:
A definition of ownership for short sale purposes and a requirement to determine a short seller's net aggregate position.
A locate requirement, which requires that before accepting or effecting a short sale order, brokers and dealers must (i) borrow securities, (ii) make arrangements to borrow securities, or (iii) have a reasonable basis to believe that securities can be borrowed in order to make timely delivery.
Additional delivery or close-out requirements on designated "threshold securities." A threshold security means an equity security registered or required to file reports with the Commission for which there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency of 10,000 shares or more and that is equal to at least 0.5% of the issue's total shares outstanding. Where a clearing agency participant has a fail to deliver position in threshold securities that persists for 13 consecutive settlement days, the participant must take action to close out the position. Until the position is closed out, the participant, and any broker-dealer for which it clears transactions, including market makers, may not effect further short sales in the particular threshold security without borrowing or entering into a bona fide arrangement to borrow the security.
A grandfather provision that provides that the requirement to close-out fail to deliver positions in threshold securities that remain for 13 consecutive settlement days does not apply to positions that were established prior to the security becoming a threshold security or prior to the effective date of Regulation SHO. The grandfather provision was adopted because the Commission was concerned about creating volatility where there were large pre-existing fail to deliver positions.
The amendments voted on today will:
Eliminate the grandfather provision in Rule 203(b)(3)(i) so that all fail to deliver positions in threshold securities will have to be closed out within 13 consecutive settlement days, regardless of whether they occurred before the security became a threshold security.
Permit previously-excepted grandfather positions that are threshold securities on the effective date of the amendment to be closed out within 35 settlement days of the effective date of the amendment.
Amend Rule 203 of Regulation SHO to extend the close out requirement from 13 to 35 consecutive settlement days for fails to deliver resulting from sales of threshold securities pursuant to Rule 144 of the Securities Act.
Amend Rule 200(e)(3) to (i) reference the NYSE Composite Index (NYA) instead of the Dow Jones Industrial Average (DJIA); (ii) add language to clarify that the two-percent limitation is to be calculated in accordance with NYSE Rule 80A; and (iii) provide that the market decline limitation will remain in effect for the remainder of the trading day.
2. Proposed and Re-proposed Amendments to Regulation SHO
The Commission voted to propose amendments to Rule 200 and re-propose amendments to Rule 203 of Regulation SHO (17 CFR 242.200 and 242.203). The proposed amendments would modify the long sale marking requirements of Regulation SHO to require that broker-dealers marking a sale as "long" document the present location of the securities being sold. The re-proposed amendments are intended to further reduce fails to deliver in certain equity securities by eliminating the options market maker exception to the close-out requirement of Regulation SHO. In addition, the Commission voted to solicit comment regarding two narrowly-tailored alternatives to elimination of the options market maker exception.
The comment period for the proposals will end 30 days from the date of publication of the proposed rules in the Federal Register.
The options market maker exception provides that any fail to deliver position in a threshold security resulting from short sales effected by a registered options market maker to establish or maintain a hedge on options positions that were created before the underlying security became a threshold security do not have to be closed out. Today's proposed amendments would eliminate this exception to the close-out requirement of Regulation SHO. In addition, the proposed amendments to eliminate the options market maker exception would include a one-time 35 consecutive settlement day phase-in period for previously-excepted fail to deliver positions.
3. Amendments to Rule 10a-1 and Regulation SHO
The Commission voted to adopt amendments to Rule 10a-1 (17 CFR 240.10a-1) and Regulation SHO (17 CFR 242.200 et seq.) that will remove Rule 10a-1 as well as any short sale price test of any self-regulatory organization (SRO). In addition, the amendments will prohibit any SRO from having a price test. The amendments will also include a technical amendment to Rule 200(g) of Regulation SHO that will remove the "short exempt" marking requirement of that rule. The amendments will be effective immediately upon publication of the release in the Federal Register.
The Commission adopted Rule 10a-1 in 1938 after several years of considering the effects of short selling in a declining market. Rule 10a-1 provides that, subject to certain exceptions, a security may be sold short (A) at a price above the price at which the immediately preceding sale was effected (plus tick), or (B) at the last sale price if it is higher that the last different price (zero-plus tick). Short sales are not permitted on minus ticks or zero-minus ticks, subject to narrow exceptions. The operation of these provisions is commonly described as the "tick test." The tick test applies only to listed securities, other than Nasdaq-listed securities, traded on an exchange, or otherwise.
In addition to the tick test of Rule 10a-1, the NASD and Nasdaq have adopted their own short sale price tests based on the last bid rather than on the last reported sale for purposes of determining the execution prices of short sales. These bid tests apply only to Nasdaq Global Market securities that are traded on Nasdaq or the over-the-counter market and reported to a NASD facility.
On July 28, 2004, the Commission issued an order creating a one-year pilot temporarily suspending the tick test and any short sale price test of any exchange or national securities association for certain securities. The pilot was created so that the Commission could study the effectiveness of short sale price tests. The Commission's Office of Economic Analysis and academic researchers provided the Commission with analyses of the empirical data obtained from the pilot. In addition, the Commission held a roundtable to discuss the results of the pilot. The general consensus from these analyses and the roundtable was that the Commission should remove price test restrictions because they modestly reduce liquidity and do not appear necessary to prevent manipulation. In addition, the empirical evidence did not provide strong support for extending a price test to either small or thinly-traded securities not currently subject to a price test.
I just wanted to put a little info out there about a subject that I heard being talked about yesterday on the radio. It is not exactly off topic because we all are affected by it.
Yesterday, I was listening to Larry Kudlow on WABC and he was talking about a law called the Uptick Law. It was created by Joe Kennedy. Pull up Wikipedia and check it out. I also read about it on a blog called: hazzzmat.blogspot.com. The Uptick Rule was eliminated on July 6, 2007.
Click on the Corporate announcement for Saturday (yesterday)--and any others you feel like looking over--again
http://www.knobias.com/individual/public/quote.htm
shoot, didn;t work...gotta be a member to get there from this link......I will try it another way....what I tried to copy and paste did not past COMPLETELY...proprietary, perhaps, for members only....
Cannot verify AH traidng here, wither...where did that 500,000 shares traded AH on Friday come from?
http://www.marketwatch.com/tools/stockresearch/screener/afterhours.asp?count=25&skip=475&sor...
I owuld expect some selling tomorrow from the daytraders who will, no doubt, pull some profit.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=TKO&MarketTicker=AMEX&Typ=S
Reminder that the short interest has DECREASED this past month
http://www.shortsqueeze.com/index.php?symbol=tko&submit=Enter
well according to AMEX, that 'he' should not be there.
http://www.amex.com/
STILL, although this is only ONE of the sources I use, still cannot find evidence of AH trading anywhere for last Friday.
http://www.nasdaq.com/aspxcontent/ExtendedTradingcharts.aspx?mode=frameset&kind=&timeframe=&...
sunday--time for an overview beofre the week starts again:
http://www.cnbc.com/id/15837275?q=tko
TKO only made $3.1M this past quarter!! That is laughable and a huge disappointment from the whisper number of $5M that was widely discussed. Then, the spinsters at the company hatch a devious plan to include an additional $500K of income in their report from a separate company. TKO spun off MSHI and then claims their income for themselves in order to make their bottom line not appear so dire. Devious shenanigans again.
Again, as this became clear on Friday, the price moved down and closed at the low of the day. What will sustain this lofty price in the weeks to come? Nothing. The drift lower begins again. Watch and learn.
Do you know the price per share on the 500k after hours trade?
I see the "h" is still hooked the the tko quote in the sunday papers. I feel if TKO mgt. has satisfied all requirements as they have implied, why has the h not been removed? anyone! I also think the h maybe holding the pps down.
An ALERT in my email this mornng:
Star Analysts Get Star Analysts for:
This is a list of top research analysts based on the accuracy of earnings estimates on TKO, according to StarMine. Analysts that appear here are limited to those covering TKO for a significant period of time. Learn More.
Total Ranked Analysts: 1
EPS ACCURACY FOR TKO - Trailing Two Fiscal Years and Four Quarters
No top-ranked analysts available for TKO
OTHER ANALYSTS
Kainer, Eric of Thinkequity Partners
To you know who,
Thanks for the note. I remain long and strong. Sorry for the confusion.
BSD
Referring to msg # 8136, where we posted the complete Q2 filing for ALL to see, I have posted the paragraph on page 3 the Q2 report, for ease of viewing--and where we find that TKO actually pulled in Total Revenue for June '07, of Total Revenue $3,666,607 . Isn't that exciting?
In case some were perhaps, were drowning their sorrows in drink, and may have looked at these figures with Beer Goggles on, I am pleased to be able to verify the numbers by presenting a copy of the paragraph on page 3, as verification.
3
--------------------------------------------------------------------------------
TELKONET, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
For The Three months Ended
June 30,
For The Six months Ended
June 30,
2007 2006 2007 2006
Revenues, net:
Product $ 2,626,079 $ 722,014 $ 3,263,935 $ 2,271,989
Rental 1,040,528 430,456 1,648,941 824,393
Total Revenue 3,666,607.......Q2-07
..............1,152,470.......Q2-06
..............4,912,876.......Q1+Q2-07
..............3,096,382.......Q1+Q2-06
ala Dennis Miller. wsup Heroshi.
I told everyone no way TKO makes $5M last quarter. I was right again. Furthermore, TKO only made $3.1M last quarter. How disappointing, yet again.
There is absolutely nothing that will keep the price moving up or even stable at this point. All the news is out and now the wait is on for November. Meaning, this wait starts at $1.80. After the loss report of TKO losses, the starting point was well above $2.00. That wait brought us to $1.20. Where will this wait bring us?
Huge day/volume...
663k & + .12 on Q2 results...
Last Trade: 1.80
Trade Time: Aug 10
Change: 0.12 (7.14%)
Prev Close: 1.68
Open: 1.83
Bid: N/A
Ask: N/A
1y Target Est: 2.63
Day's Range: 1.80 - 1.91
52wk Range: 1.20 - 4.00
Volume: 663,000
Avg Vol (3m): 240,163
Market Cap: 120.13M
P/E (ttm): N/A
EPS (ttm): -0.53
Div & Yield: N/A (N/A)
Neb
hhahahahaha...it closed at the low of the day...doesn't look too good for next week. Who was saying $2.00? More like $1.50 coming up quick again. You people really haven't figured this out yet.
Bsd I have 2 questions for you. 1) How do you know that Walrus sold his stock i have never seen him post that. All he has ever said is that he believes in the company and he is holding long term. Have you talked to him by phone? 2)You called GLL he do you know for sure that it is a man and not a woman? I too have not sold a share and believe in the company.
Didn't see it "No After Hours trades have been reported for this security."
anyone notice the 500k share block that crossed after hours?
Same here....spot on
For the record...
unlike several of our most ardent cheerleaders, I have never sold a share of this stock. GLL for all her/his good info, has sold at this level, Walrus has some at least some. I feel sorry for those who got washed out below here. Certainly being a tko stockholder has been an ordeal. Even harrowing at times. Tuesday comes to mind. A buck twenty prior to earnings? Probably a good thing for those of us who continue to hold and accumulate. We needed to wash out all the weak hands and start over.
I have believed in this technology and its many applications from the beginning. I am well under water on this thing. I've continued to buy even in the face of the relentless downturn after the GE announcement. My confidence did not waiver, except when GLL sold out. I know one should not read too much into what "one trader" does with his shares, but her info was always so spot on, I must admit it took me by surprise when he sold. Still I bought my usual allotment of shares the past few weeks, accumulating what is now a huge position (for a guy like me who works--for himself--for a living). My wife precluded me from doubling down this week. What the hell, she's smart as hell, she's often right. We DO own a lot of stock.
I think, though, that the company has learned its lesson re promising things it cannot deliver. The market is demanding things from Pickett and he is delivering them. New blood. Guidance. Cash flow. I trust that what he said in the statement today is true. He must know by now that the market will not bear more swollen promises. And what he said today is good by me.
I won't buy any more shares. I'm finished with accumulation. I'm gonna watch. Good luck to all. Back luck to all the naysayers and blow hards who sell their shares while encouraging others to buy.
Read the press release and then read it again. It's all there in black and white.
BSD
LETS LIGHT THIS CANDLE!!!!!
Long $ Strong
Hadn't seen it but..awesome!
Have a good weekend all!
Did you guys notice this??
College Student Club Offsets Carbon Emissions at F.W. Olin Graduate School of Business
Last Update: 11:30 AM ET Aug 10, 2007
WELLESLEY, Mass., Aug 10, 2007 /PRNewswire-USNewswire via COMTEX/ -- The Energy and Environmental Club at Babson College has purchased carbon offsets to reduce the environmental impact of operations at the F.W. Olin Graduate School of Business. The club's purchase counterbalances 1% of the annual carbon emissions that result from the estimated consumption of 1.4 million kWh of electricity and 86 thousand therms of natural gas at the business school, offsetting over 13 tons of CO2 emissions.
"The growing awareness worldwide of issues related to sustainability is good news. Babson's Energy and Environmental Club has gone beyond awareness and just talking about the issues, and has taken action. Bravo," commented Mark Rice, Dean of the F.W. Olin Graduate School of Business.
The offset purchase, which was completed last month, will help to subsidize the cost of producing electricity through renewable technologies. While Babson will not change its source of electricity, the purchase will support the continued use of clean power technologies, such as solar and wind, in areas across the country.
"This is a small step, but a great opportunity for the club to demonstrate its commitment to sustainability," said Clinton White, Co-President of the Energy and Environmental Club. "We're excited about this initiative and believe that it is important for us as both students and future leaders to support environmentally responsible business practices." Through the offset purchase, the Energy and Environmental Club will be "carbon neutral" during the 2007-2008 academic year.
The club's offsets have been purchased through Carbonfund.org, a non- profit organization that supports renewable energy, reforestation, and energy efficiency projects worldwide to reduce carbon dioxide emissions and the threat of climate change.
The Club effort follows action this week by Babson College to select Telkonet SmartEnergy to manage the in-room energy consumption in the 120 room dormitory, McCullough Hall. Telkonet SmartEnergy, which incorporates the proven technology developed by Smart Systems International (SSI), eliminates wasted energy from heating and cooling unoccupied rooms. The system uses packaged terminal air conditioner (PTAC) controllers and occupancy sensors to adjust and maintain a room's temperature, sensing when the room is vacant or occupied.
Shelley Kaplan, associate vice president of facilities for Babson College, commented, "McCullough Hall was the perfect candidate for an energy management system, with its expensive, energy-intensive electric heating. We needed to take control of our energy costs, as we were paying to heat and cool students' rooms when they were in class and away during summer and Christmas breaks. Manually changing the temperature in each room was labor-intensive and inconsistent. After researching various energy management companies, we found the SSI technology to be the most cost-effective and reliable. Based on a trial, installation costs were lower by using wireless occupancy sensors, eliminating costly wiring. Recovery time was quick, with rooms returning back to the student's temperature setting within minutes upon their return. Most importantly, with the trial resulting in energy consumption savings of 30%, we can anticipate a payback within 2 years or less. Based on funding availability, we will look at installing the energy management system in our conference center/hotel next."
Telkonet, Inc. (TKO : telkonet inc com
News , chart , profile , more
Last: 1.80+0.12+7.14%
5:00pm 08/10/2007
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Sponsored by:
TKO1.80, +0.12, +7.1%) is the leader in providing in-building broadband access over existing electrical wiring. Telkonet develops and markets technology for the high-speed transmission of secure voice, video and data communications over in-premise and shipboard electrical wiring. The revolutionary Telkonet iWire System(TM) utilizes proven powerline communications (PLC) technology to deliver commercial high-speed broadband access from an IP "platform" that is easy to deploy, reliable and cost- effective by leveraging a building's existing electrical infrastructure. Telkonet's products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets. Applications supported by the Telkonet "platform" include but are not limited to: VoIP telephones, Internet connectivity, local area networking, video teleconferencing, IP surveillance and a host of other IT services.
Telkonet SmartEnergy efficiently manages in-room energy usage with intelligent thermostats, packaged terminal air conditioner (PTAC) controllers and occupancy sensors. It significantly reduces energy consumption and improves energy efficiency by automatically adjusting the heating or air conditioning temperature when a room is vacant. The thermostat constantly calculates how far the temperature can vary to ensure it returns to the occupant's setting within minutes when they return to the room. The room temperature varies exactly far enough to achieve maximum savings, while ensuring the occupant's comfort. For information, visit http://www.telkonet.com.
The Babson Energy and Environmental Club is a student led organization at the F.W. Olin Graduate School of Business. The club works to foster innovation by hosting educational events, connecting alumni to the club and its members, and helping students gain new employment opportunities within the energy industry. For information, visit http://www.babsonenergy.com.
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit http://www.babson.edu.
This news release was issued on behalf of Newswise(TM). For more information, visit http://www.newswise.com.
SOURCE Babson College
Michael Chmura, Babson PR, +1-781-239-4549, mchmura@babson.edu http://www.babson.edu Copyright (C) 2007 PR Newswire. All rights reserved ********************************************************************** As of Monday, 08-06-2007 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DOWNTREND on 03-05-2007 for TKO @ $2.61. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.
I like the 'annotates'.;^D
*******TKO Annontated Chart*******
We have a nice looking chart except me dont like the gaps and my favorite to look at (CMF & A/D)...For daytraders keep on eye to see if MM decide and will try to fill the gap..
HOPEFULLY, with the new leadership, there will be a change in protocol on PR, as well...new leaders, new way of doing things USUALLY follows.
Looking at the pop this week....it is highly possible that this will go above $2 before the Q3 comes out, IMO....heck it is hovering around $1.85 today, and there seems to be some profit taking already, too, but I think, overall, it will still get to that $2 sooner than later....
STOLEN FROM THE YAHOO BOARD:
Some MM points about TKO (Not rated) 42 minutes ago Some M.M. comments: In regards to the company's recent lows, I think this is what happens when Wall Street sours on a management, and then a big downturn hits. There are so many other ideas to buy, why would they step up to the plate for a CEO who doesn't go to the office every day?
Referring to the July 30 filing regarding a $1.5 million bridge loan, carrying 6% interest and payable out of the company's next financing, or by January 28, 2008. The lender, GRQ Consultants, got a $25,000 fee and issued five-year warrants for 359,712 TKO shares at $4.17 a share. Those are not onerous terms, and this is not a toxic convertible. I think it's neutral to mildly positive news.
The company has won the potentially huge EDS/Department of Defense contract. They've overpaid for an acquisition and then taken their medicine by spinning it off. The main problem is that the CEO is trying to run the company from hundreds of miles away, which may work OK with an Internet start-up, or even a Fortune 500-size enterprise (John Malone of cable TV fame did it for years), but it is no way to run a small-cap public company. I don't think that TKO is going broke, as evidenced by the terms of the recent $1.5 million bridge loan.
They are the leader in in-building Broadband over Power lines, and have won key contracts against their competitors.
Encouraged by yesterday's announcement that the Board has appointed Jason Tienor, the founder and CEO of recently-acquired EthoStream, as Chief Operating Officer, and he'll be responsible for Telkonet, EthoStream and Smart Systems International. That's all the operating divisions of TKO.
I found the press release language interesting:
"Having worked closely with Jason for the past year, he has proven to be an exceptional business leader and a strategic planner, coupled with strong technical expertise. He has excelled by developing, from the ground up, one of the largest hospitality networks in the U.S. with unparalleled, end-to-end customer support. With Jason's drive, expertise and dedication to quality, Jason is highly qualified to drive our sales and take the company to the next level."
"Jason is highly qualified to drive our sales and take the company to the next level." To me, "taking the company to the next level" means he will move up to CEO shortly, and that is the reason the stock went up 20 cents in today's bloodbath. Jason is our White Knight, and we should stick with TKO and give him a chance to run it right.
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I would agree that we will need to continue getting updates to keep the stock price rising into the next quarter release. I really hope that today's general PR indicating federal deals getting good traction is evidenced by consistent PRs detailing this. Even if they don't provide numbers with each one, at least we will know that airport and EDS installs are happening. I would hate to see the PPS be allowed to drift back down, just to have a run up when the next 10Q comes out. Hopefully we will rise to the lows $2s by late October so that the boost from a good 3rd qtr could push us close to $3. If we can get back to the low $3s and hold that through the end of the year, and TKO gets to positive cash flow run rate by the end of the year, I think a move into the $4s will be warranted. Maybe NASDAQ by next summer???
Good afternoon folks....gheez...this has been a pretty darned good week for TKO shareholders, yes? As I write, I think wow, from $1.20 to $1.85 in one week. I realize that when the pps goes up...most everyone is silent--no complaining, hahahaha.
What's next?!
Well, maybe now we will get some guidance, we still have to meet the new folks, and I look forward to more transparency with our new leadership. It is a good thing, as Martha would say.
There's an old saying money talks and bs wants. Its nice to see the money finally talking. Lets hope all the bs'er decide to walk.
Apologies would not be appropiate now for all who have bashed Ron,the company, GLL, WALRUS. Especially our friend that everyone has on ignore. Have you got MLK
I guess the market can add without using its fingers and toes.
BSD
If anyone has access to Level II, watch TKO. If the overhead from 1.90 to 2.00 get cleared, should run a little.
You people really don't know how to add. TKO made $3.1M. MSHI made $500K. TKO likes to play funny with numbers like that. Remember, they aren't the same company any longer...So, as I said earlier, TKO only made $3.1M.
I love all the predictions. It is always good to go to bed with a chuckle. No way TKO is above $2 this week, next week, or in August. No way they make it to $2.20 before November. I have a feeling we are heading lower tomorrow. Who will win? I have a feeling we all know who that will be.
Well, they made the revenue as promised in the cc. They say they have enough money to fund operations through the end of the year. It's going to require a massive effort to reach 25 million as promised. About 20 million in revenue in six months. The revenues for government and energy sectors, though growing, are low. The foreign numbers are practically non-existent. Costs will be going down, they say. They'd better. But if they can fund the operation with cash on hand and revenues, things are looking up. It'll be interesting to see what the market makes of this.
BSD (I wish I could put some goodwill in MY bank account, GAAP this!)
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ABOUT TELKONET
Telkonet (AMEX: TKOI), founded in 1999 and headquartered in Germantown, Maryland, is a leading technology systems application developer of innovative powerline communications (PLC) solutions for the commercial and government markets, establishing a range of patented award-winning systems. Telkonet’s PLC solutions are marketed and sold by resellers throughout the United States, Canada, Europe and Latin America.
The Telkonet iWire System™ delivers wired and wireless broadband network access that is simple and cost-effective to deploy, with secure and reliable connectivity at every electrical outlet. The solution is ideal for any type of commercial building, regardless of the type, age of number of buildings. Telkonet’s leading-edge technology is deployed around the world.
COMPANY WEBSITE
http://www.telkonet.com/
Telkonet, Inc.
20374 Seneca Meadows Parkway
Germantown, MD 20876
Phone: 12409121800
Fax: 14108971144
Sector: Technology
Industry: Communications Equipment
Telkonet’s patented powerline communications (PLC) systems – the Telkonet iWire System and next generation 200 Mbps Telkonet Series 5 – use a building’s existing internal electrical wiring to enable Internet connectivity throughout an entire building, converting electrical outlets into high-speed data ports. This is an ideal solution for properties that are not wired with CAT-5 or where CAT-5 is cost-prohibitive.
The EthoStream Gateway Server (EGS) product line of gateway devices, which are developed in-house, deliver wired or wireless high-speed Internet access, integrating easily with any combination of WAN connections. The EGS products range from a cost-effective gateway for limited use applications to a feature-rich, dual-WAN, scalable gateway for full-service properties.
Telkonet’s energy management systems, Telkonet SmartEnergy (TSE) and Networked Telkonet SmartEnergy (NTSE), reduce in-room energy consumption by controlling heating, ventilation and air conditioning (HVAC) usage based on occupancy. By eliminating unnecessary heating and cooling of vacant rooms, TSE typically reduces energy consumption by 30% or greater.
Telkonet’s proactive support center brings quality of service to a new level with its dedicated, in-house employees, 24/7/365 support, and integrated proactive monitoring and management tools that put property management in control. By integrating the EthoStream Gateway Server and the web-based Telkonet CENTRAL, our in-house support team has real-time visibility into a property’s HSIA usage and data, as well as ISP status.
Telkonet SmartEnergy™ (TSE) controls HVAC usage and improves energy efficiency by adjusting and maintaining a room’s temperature based on occupancy, using a combination of occupancy sensors, intelligent programmable thermostats or packaged terminal air conditioner (PTAC) controllers. TSE eliminates wasteful heating and cooling of vacant rooms without compromising an occupant’s comfort based on our patented Recovery Time™ technology.
Building on the proven capabilities of the TSE system and incorporating Telkonet's unique Recovery Time™ technology, our new Networked Telkonet SmartEnergy (NTSE) advances intelligent HVAC building control with a flexible, resilient and low-cost energy management platform. NTSE utilizes a ZigBee wireless IEE802.15.4 “mesh” network, where each device functions as a wireless repeater and enables energy management thermostats to communicate with each other and aggregate communications up to a single master NTSE Gateway Server on site. NTSE enables central control without needing expensive back-haul wiring. Its key monitoring and analysis features ensure optimum energy savings, giving property owners the tools to identify and implement energy savings, providing total visibility and detailed data about a property's HVAC system and its energy consumption, together with real-time, instant remote management capabilities.
Key features and benefits of NTSE
Telkonet’s proprietary, patented powerline communications (PLC) products harness a building’s internal electrical wiring to form an IP network, turning power outlets into data ports, while leaving the electrical functionality unaffected. Telkonet’s PLC systems – the Telkonet iWire System and the 200 Mbps Telkonet Series 5 – represent a quick, economical, and non-disruptive way to achieve high-speed Internet connectivity throughout a building. Telkonet’s PLC systems offer the hard-wired security and reliability of a CAT-5 cabled network, but without the cost, physical disturbance and business disruption of wiring CAT-5. For properties looking to provide wireless coverage, Telkonet’s systems can be used to feed WiFi access points, which can be connected quickly and simply to any power outlet.
Series 5 Comparison “With 209 sites and limited numbers of IT technicians, we needed a reliable, plug-and-play system that was easy to install, maintain and operate. With Telkonet’s solution, we demonstrated that our own IT staff and contract electricians could install the system…”
Steve Custer, Supervisor CCTV/LAN Networking and A.V. Repair, Hillsborough County School District (SDHC)
Telkonet iWire System
The Telkonet iWire System is a robust networking platform that protects your investment by providing for today’s technologies and expanding for future technologies and applications, with many key benefits.
Low cost – Significantly less expensive than rewiring a building
Quick installation – Completed from hours to days, without construction or disruption
Secure – Data is encrypted and secure from outside intrusion
Hybrid – Delivers wired, wireless or a hybrid solution
Reliable – Patented PLC technology for continuous network connectivity
Scalable – Add users by adding more Telkonet iBridge units
Convenient – Network access at every electrical outlet in every room
Flexible – Supports any device or application using Internet Protocol
Robust – Remote monitoring and management
Compliant – FCC Part 15, UL60950 Listed, and CE approval
Plug-and-play – Easy to connect to the Internet without drivers or software
Applications supported by Telkonet’s PLC system include, but are not limited to: HSIA, local area networking, VoIP phones, video conferencing, closed circuit security surveillance, digital signage, substation monitoring and a host of other information services.
The Telkonet iWire System is used by a wide variety of customers, including:
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ | The "brain" of the system, the Telkonet Gateway converts IP connections to a PLC signal and distributes PLC to the Telkonet Coupler. Through a web or CLI interface, the Telkonet Gateway allows management and configuration of the other Telkonet components. Each Telkonet Gateway supports up to 63 Telkonet eXtenders, 1,023 Telkonet iBridges (users) and up to 4,096 Ethernet endpoints. | |
Telkonet Couplers | The Telkonet Coupler takes the PLC signal from the Telkonet Gateway or Telkonet eXtender and injects that signal into the in-building electrical wiring. Installation of the Telkonet Coupler requires a licensed electrician to meet National Electric Code (NEC) and local electric code standards. Also comes in a model with integrated disconnect switch. | |
Telkonet eXtender™ | The Telkonet eXtender provides additional reach and scalability for networks that cannot be properly covered by a single Telkonet Gateway or multi-building environments. It can be used with wireless radio or wireline networks. | |
Telkonet iBridge™ | The Telkonet iBridge enables a user to connect a computer or IP device to the PLC network. It contains a "test" function to determine the PLC signal strength and has an RJ45 user port connection. |
Telkonet Series 5
Setting unprecedented performance levels for security, speed, QoS and capacity, the Telkonet Series 5 200 Mbps system takes PLC to a new level as a viable networking option for high performance, critical applications, including digital video surveillance, implementations in the utility substation environment, and harsh outdoor commercial installations. Telkonet Series 5 delivers a range of significant performance advances, including the following.
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ – AG5 | The Telkonet Gateway is a remotely manageable network interface that converts Ethernet connections to a power line carrier signal and transmits the signal to the Telkonet Coupler. The Telkonet Gateway allows management and configuration of the Telkonet Series 5 via a web browser or Telnet command line interface. | |
Telkonet Couplers – MVC-200 and DPC-200 | The Telkonet Coupler is wired to the AC or DC low-voltage bus and connected to the Telkonet Gateway with a coaxial cable. The Telkonet Coupler takes the power line carrier signal from the Telkonet Gateway or Telkonet eXtender and injects the signal into the AC or DC electrical wiring. The Telkonet Coupler is also available with an integrated disconnect switch (coupler breaker). | |
Telkonet eXtender™ – AX5 | The Telkonet eXtender provides additional power line carrier signal reach and scalability for networks that cannot be covered by a single Telkonet Gateway. | |
Telkonet iBridge™ – AB5 | The Telkonet iBridge is wired to the AC or DC supply at each point requiring a communications interface. The Telkonet iBridge recovers the power line carrier signal and converts it back into an Ethernet or serial connection for the devices or applications. It contains a test function to determine the power line carrier signal strength. |
The EthoStream Gateway Server (EGS) product line of gateway devices deliver wired or wireless high-speed Internet access and a hybrid solution, integrating quickly and easily with any combination of WAN connections, including T1, DSL, cable modem, fiber and wireless connections. Our comprehensive range of turnkey, standards-compliant gateways meet the requirements of all major hospitality franchises and support a variety of applications, such as VoIP, printing from rooms, surveillance, and point-of-sale terminals.
We provide a complete line of related components, including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder (DVR) equipment, helping you to integrate all of the necessary products into a comprehensive solution.
EthoStream’s support center is directly integrated into the EthoStream Gateway Server and the web-based Telkonet CENTRAL, giving our dedicated, in-house support team and property management real-time visibility into a property’s HSIA usage and data, as well as ISP status. EthoStream leads the hospitality industry in providing innovative, standards-compliant customer solutions and support. Our proactive, responsive, knowledgeable customer support ensures guest satisfaction and retention.
EGS Product Comparison
The EthoStream Gateway Server line of gateway devices provides a simple all-in-one solution for Internet access within a commercial public-access network, while creating a productive work environment and end-user satisfaction.
“This (EthoStream’s Remote Management Console) is an invaluable tool, enabling us to access and monitor all our properties and Internet users from a single location. It is exactly this sort of innovation that puts EthoStream on a different level to other vendors, and is behind our selection of its technology as our preferred option”.
Jeff Henschel, Assistant VP of Technology, Destination Hotels & Resorts
EthoStream Gateway Servers are providing HSIA to more than 2,400 properties, servicing more than 1.9 million users per month, including:
Chairman of the Board
Warren V. "Pete" Musser, 81, has served as Telkonet's chairman of the board since January 2003. Mr. Musser has taken more than 50 companies public during his distinguished and successful career as an entrepreneur. He is currently the managing director of The Musser Group and chairman emeritus of Safeguard Scientifics, Inc. Mr. Musser's distinguished affiliations also included: director of CompuCom Systems, Inc., director of Internet Capital Group, Inc., vice chairman and director of Nutri/System, Inc., vice chairman and director of the Eastern Technology Council, chairman and director of Economics PA, and vice president of development at Cradle of Liberty Council, Boy Scouts of America. Mr. Musser received a BS degree in Industrial Engineering from Lehigh University.
President & Chief Executive Officer
Jason Tienor, 33, is the president and chief executive officer of Telkonet. As the former president and CEO of EthoStream, Mr. Tienor co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Tienor was co-founder of a Milwaukee-based IT consulting firm. Mr. Tienor received a BBA in MIS and Marketing from the University of Wisconsin – Oshkosh and an MBA with an emphasis on Computer Science from Marquette University.
Chief Financial Officer
Rick Leimbach, 39, is the chief financial officer for Telkonet. Mr. Leimbach joined Telkonet in January 2004, and was appointed as vice president of finance in 2006, and then CFO in December 2007. Prior to Telkonet, from 2001 to 2004, he was the financial controller at UltraBridge, an applications solution provider, headquartered in Maryland. Mr. Leimbach joined the company at the start-up stage, tasked with building up the financial organization. From 1998 to 2001, Mr. Leimbach was corporate accounting manager at Snyder Communications, Inc. – a global organization focusing on design, development and implementation of value-added outsourced marketing services. Rick was involved with consolidating the group's extensive operations and working with the SEC. Mr. Leimbach held various positions within public accounting firms, including the Reznick Group and Wolpoff and Company in Maryland from 1991 to 1998. He holds a degree in Accounting from Towson University, Maryland.
Chief Operating Officer
Jeff Sobieski, 32, is the chief operating officer for Telkonet. From December 2007 to June 2008, Mr. Sobieski served as Telkonet’s executive vice president, energy management. Mr. Sobieski joined Telkonet in March 2007, following the acquisition of EthoStream, where he was CIO. As the former CIO of EthoStream, Mr. Sobieski co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Sobieski was cofounder of Interactive SolutionZ, a Milwaukee-based IT consulting firm, and from this gained experience in the telecommunications and insurance industries. From 1998 to 2000, he was involved in consulting and system development projects, including the project lead on developing a new software package for GE Medical, and software tools development for North Western Mutual Insurance. Mr. Sobieski received a BS degree in Computer Science from the University of Wisconsin-Oshkosh and his MBA from Marquette University.
Vice President of Global Sales
Jeremy Griesbach, 34, is the vice president of global sales for Telkonet, joining the company in October 2007. Prior to Telkonet, from 2001 to 2007, Mr. Griesbach was the director of business development for a Midwest regional accounting firm, Virchow Krause, focusing on building the tax services group that specialized in state and local use tax, tax credit and incentives. From 1999 to 2001, Mr. Griesbach was business development manager for Metavante, a financial services and software support company. He holds a BS degree in Marketing from Upper Iowa State University.
Vice President of Hospitality Operations
Matt Koch, 31, is vice president of operations for Telkonet. Mr. Koch joined Telkonet in March 2007, following the acquisition of EthoStream, where he was a systems engineer from 2004 to 2007. Prior to EthoStream, from 1998 to 2000 and from 2001 to 2004, Mr. Koch was a system administrator for Geneva OnLine, a regional Internet service provider specializing in wireless broadband Internet access, managing system administration and integration for web hosting, billing systems, and workflow automation. In 2000, Mr. Koch was a system and network administrator consultant in the Silicon Valley for various companies, including Sun Microsystems, Uptilt, and SalesCenter.com, a web-based sales team automation system. He received a BS degree in Business Administration in Management Computer Systems from University of Wisconsin Whitewater.
STOCK TRANSFER AGENT
44 West Lancaster Avenue
Ardmore, PA 19003
Tel: 610 649 7300
Fax: 610 649 7302
www.stocktrans.com
IMPORTANT/CURRENT NEWS
http://www.telkonet.com/newsroom/news_releases.php
RECENT FILINGS
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4964217&doc=1&total=&back=2&....
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4955247&doc=1&total=&back=2&....
http://biz.yahoo.com/e/070510/tko10-q.html
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http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-002101&Type=HTML
http://www.sec.gov/Archives/edgar/data/1094084/000101968706002646/telkonet_10q-093006.htm
SHARES as of June 30,2007 per Q2
OUTSTANDING SHARES: 66,806,986 million
RESTRICTED SHARES: 56,932,926 million
FLOATS: 58,310,000 million
SHARES OWN BY INSTITUTIONAL:10.45%
HOLDERS AS OF 03/14/07////AS OF 9/1-07
Institutions 40 Holders 38 HOLDERS
Mutual Funds 21 Holders 19 HOLDERS
Other Major Holders 48 Holders
STOCKCHART
[chart]stockcharts.com/c-sc/sc?s=TKOI&p=D&yr=0&mn=6&dy=0&i=p03399193280&r=9301[/chart]
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