Zanett Inc (fka ZANE)

[Renee]

ZANE revoked:

http://www.sec.gov/litigation/admin/2014/34-71867.pdf

[Renee]

ZANE SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-71580.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71580-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-71581.pdf

[kranthikumar]

ZANE is getting attension and momentum

[kranthikumar]

ZANE is smells like a winner

[kranthikumar]

ZANE is up by 133%

[--FLOAT_LOCKER--]

Let's go $ZANE. Slow and steady is the key. Broke 200 MA, let's see what happens. When this moves, it moves hard.

[--FLOAT_LOCKER--]

Interesting. This will probably be announced in the first quarter? Possible play here? I'll keep on watch...

[Fast Flyer 03]

Item 1.01 - Material definitive agreement


On November 8, 2011, Zanett Commercial Solutions, Inc., a Delaware corporation (“ZCS”) and wholly owned subsidiary of Zanett, Inc., entered into an Asset Purchase Agreement (the “Agreement”) with Tricore Solutions, LLC, a Massachusetts limited liability company (“Tricore”). ZCS agreed to sell certain assets related to its managed service business to Tricore for a purchase price of $3,006,216, subject to certain adjustments (the “Purchase Price”). The closing of the transactions contemplated by the Agreement (the “Closing”) took place on November 11, 2011. In addition to the sale of the certain assets, Tricore and ZCS have entered into an agreement (the “Referral Agreement”) whereby Tricore agrees to pay to ZCS a fee for the referral of certain additional contracted managed services customers to Tricore.


At the Closing, (i) Tricore paid to ZCS an amount equal to $2,479,394 in cash, (ii) placed $226,200 into escrow (the “Escrow Amount”), and (iii) held back an additional $300,622 from the Purchase Price (the “Holdback Amount”). In the event that (i) certain former ZCS customers shall cancel or otherwise terminate a managed service contract with Tricore entered into on or after the Closing (each, a “Customer Contract”) for any reason or (ii) Tricore shall cancel a Customer Contract for Cause (as defined in the Agreement) (in each case, a “Cancelled Contract”) on or before the date which is either twelve months, in certain instances, or six months, in other instances, after the Closing, the Purchase Price shall be reduced by an amount equal to one hundred thirty percent (130%) of the of the aggregate forecasted contract revenue for calendar year 2012 arising out of each such Cancelled Contract, less thirty percent (30%) of any monies received by Tricore from such customer. Any adjustments to the Purchase Price shall be made out of the Holdback Amount and the Escrow Amount. Any portions of the Escrow Amount and Holdback Amount remaining after such adjustments shall be paid to ZCS on the first anniversary of the Closing.


ZCS also entered into a non-competition agreement, pursuant to which ZCS will not engage in offering managed services of the types offered by Tricore, anywhere within the world, for a period of five years after the Closing. However, ZCS shall not be prevented from selling itself, or any or all of its other businesses to an independent third party that is engaged in offering managed services of the types offered by Tricore. In addition, ZCS agreed to refrain from soliciting any employee, customer, supplier, or licensee of Tricore for a period of five years after the Closing.

[dmik]

company will have a buy back or pull something from under the hat..
ZANE worth keeping on the radar..

[yaboy520]

I still like this stock. You float is super low. this could run very high on minimum vol IMO

[dmik]

NEW YORK, May 31, 2011 /PRNewswire/ -- Zanett, Inc. (Nasdaq: ZANE) announced today that it received a non-compliance notice from the NASDAQ Stock Market stating that the company was not in compliance with NASDAQ Listing Rule 5250(c)(1) because the company has not timely filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2011. The NASDAQ letter stated that the company has until July 25, 2011, to submit a plan to regain compliance.
If such a plan is timely submitted by the company, the NASDAQ staff can grant the company up to 180 calendar days from the due date of the Form 10-Q (or until November 21, 2011) to regain compliance.




a couple years ago same thing happend.. then ZANNETTE publish thier sales contracts.. stock sky rocket at the last moment will wait to see what they do this year..

[clematiss]

do yo think of zane...is finished 25 june?

thx

[Penny Stock Lounge]

Is anyone making any money off of this stock? What are the catalysts to get this thing going?

[mlkrborn]

ZANE down to $0.87 with listing deficiency notice!

[ManicTrader]

Trying for 1.64 and order for 1.62
See what happens

[ManicTrader]

Trend is my friend !!! Want to be in before the next run

[ManicTrader]

MISSED MY ORDER 1.61 dammit

Hate the volume but what a nice little lottery ticket, just have to be patient imo

[mlkrborn]

ZANE; $1.60

[MONEYMADE]

,,,,,,,Actually I thought we'd see more vol! Hugeeeee news today

[Fpltech]

had a pretty good day...still up 70%

[pokertime1]

ZANE - Volume Alert
http://www.chartspread.com/stockcharts.php/?ticker=zane
Serving Fortune 500 corporations and mid-market organizations in Healthcare, Life Sciences, Manufacturing & Distribution, Retail, Gaming & Hospitality, and State & Local Government, Zanett helps align organizations' business objectives with technology-enabled services to create Real Enterprise Value.

[Hawks_Stocks]

Where is Sykes? lol

[bigtoe1963]

wow P&D big time dropping like a rock...

[bigtoe1963]

still going down? ouch....bagholders-r-us.com

[bigtoe1963]

nothing but a dead duck here ....bottoms up...ooops down

[bigtoe1963]

looks like the director has dumped almost all his shares look for this to drop......

[sherwood37]

traders are loading for next run.

[loridans]

I hope you covered your short of ZANE. You had a phenomenal profit at the lows. And you have been patient. Timing is everything, though.

[loridans]

ZANE almost filled the gap

[loridans]

ZANE has just been great

[j4m35]

Zane is about to rebound

[moneytome]

Did you cover yet? It seems to stay here and may be up again.

[Autom8]

just went short again at $3.13, if anything this stock has a nice daily trade channel!

[TSUNAMI-22]

Looking for a daily break towards the upside from $3

I hope.

[jas2mel]

she wants to keep going

[moneytome]

Did you find any shares to short? It's hard to get. The volume is crazy.

[sykes111]

LOL revenues have been in the $40 mil range for YEARS...$47.7 million in 2008...March 3rd president says now they're only at $43 million revenue run rate...no sign of growth or profits anytime soon...see why I am short at $3.05

http://www.timothysykes.com/2010/03/zanett-inc.-zane-their-revenuepress-release-games-their-ceo-who-likes-to-party/

[Call BR549]

Glad I am not shorting this stock$$$$
Why ZANE will go MUCH HIGHER from here and over $10 next week 6-Mar-10 05:38 am -$50 million revs and growing
-3.5m outstanding float
-60% insider ownership
-a tiny $16m market cap
-funds/institutions buying shares yesterday into close. on level II several bids of 100,000 flashing through in the $2.10 range before close.
-these large buyers will wipe out completely anyone crazy enough of thinking of shorting this stock with such a tiny float of 3.5m shares.
-market cap next week will be at minimum in parity to revenues
-ZANE is now on the radar and followed by many, including funds/institutions and they will be fighting for every share because of 60% institutional ownership and only 3.5 outstadning float
-for an example of what will happen to ZANE, see similar float and undervalued stocks such as DDRX (from $0.34 to $35.00), VRML (from $0.01 to $34.00).

We are valuing this company at minimum $110 million based on only 2x $55 million and growing revenues

[Autom8]

Come on $2.00

[Autom8]

WEEEEEEEEEEEEEEEEEEEE, just broke support level on the 1 min chart!

[Autom8]

LOL, try some simple valuation before predicting $100/share?

[Call BR549]

I hope it goes to $20 then to $100 as rumors have it.

[Autom8]

I know, Iv been day trading it last 3 sessions, Shorting it Right now! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[jas2mel]

very nice day:)>>>

[TSUNAMI-22]

Next leg up any minute now.....been a descending wedge forming since 11:45 EST

IMO

[ODSF]

Wow..this stock is beasting it!!

Congrats to everyone!

[loridans]

I agree with every point. I was more like making a joke--there was not warning of a run.

I like low floaters too

[loridans]

I agree with every point. I was more like making a joke--there was not warning of a run.

I like low floaters too

[Call BR549]

This stock is GREAT!

[Call BR549]

This stock is GREAT!