Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All out IBZT here at .078. May re-enter tomorrow. EOM
IBZT chart looks like the the Viagra Formation.
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!!
Ordering Pizza in 2015
Operator: "Thank you for calling Pizza Hut. May I have your..."
Customer: "Hi, I'd like to order."
Operator: "May I have your NIDN first, sir?"
Customer: "My National ID Number, yeah, hold on, eh, it's 6102049998-45-54610."
Operator: "Thank you, Mr. Sheehan. I see you live at 1742 Meadowland Drive, and the phone number's 494-2366. Your office number over at Lincoln Insurance is 745-2302 and your cell number's 266-2566. Which number are you calling from, sir?"
Customer: "Huh? I'm at home. Where d'ya get all this information?"
Operator: "We're wired into the system, sir."
Customer: (Sighs) "Oh, well, I'd like to order a couple of your All-Meat Special pizzas..."
Operator: "I don't think that's a good idea, sir."
Customer: "Whaddya mean?"
Operator: "Sir, your medical records indicate that you've got very high blood pressure and extremely high cholesterol. Your National Health Care provider won't allow such an unhealthy choice."
Customer: "Dang . What do you recommend, then?"
Operator: "You might try our low-fat Soybean Yogurt Pizza. I'm sure you'll like it."
Customer: "What makes you think I'd like something like that?"
Operator: "Well, you checked out 'Gourmet Soybean Recipes' from your local library last week, sir. That's why I made the suggestion."
Customer: "All right, all right. Give me two family-sized ones, then. What's the damage?"
Operator: "That should be plenty for you, your wife and your four kids, sir. The 'damage,' as you put it, heh, heh, comes to $49.99."
Customer: "Lemme give you my credit card number."
Operator: "I'm sorry sir, but I'm afraid you'll have to pay in cash. Your credit card balance is over its limit."
Customer: "I'll run over to the ATM and get some cash before your driver gets here."
Operator: "That won't work either, sir. Your checking account's overdrawn."
Customer: "Never mind. Just send the pizzas. I'll have the cash ready. How long will it take?
Operator: "We're running a little behind, sir. It'll be about 45 minutes, sir. If you're in a hurry you might want to pick 'em up while you're out getting the cash, but carrying pizzas on a motorcycle can be a little awkward."
Customer: "How the heck do you know I'm riding a bike?"
Operator: "It says here you're in arrears on your car payments, so your car got repo'ed. But your Harley's paid up, so I just assumed that you'd be using it."
Customer: "@#%/$@&?#!"
Operator: "I'd advise watching your language, sir. You've already got a July 2006 conviction for cussing out a cop."
Customer: (Speechless)
Operator: "Will there be anything else, sir?"
Customer: "No, nothing. Oh, yeah, don't forget the two free liters of Coke your ad says I get with the pizzas."
Operator: "I'm sorry sir, but our ad's exclusionary clause prevents us from offering free soda to diabetics."
MSSI short squeeze appears to be in progress: .30 x .34.
Anyone who mistakenly sold their shares before the forward split has to cover by tomorrow, apparently.
Merril Lynch (MLCO) on the bid.
EDGH negative news .....
Our-Street.com: Our-Street.com receives notice from EdgeTech Services,Inc. suitor denying tender offer
Melbourne, FL, Aug 06, 2003 (M2 PRESSWIRE via COMTEX) -- Our-Street.com, an Internet-based, public company watchdog, announced today that it has received and published notice from the partnership that was named in the complaint Our-Street.com filed with the Securities Exchange Commission against EdgeTech Services, Inc (OTC BB:EDGH) and Hollingsworth, Rothwell and Roxford, a Florida Partnership (HRR) denying they ever made a tender offer for EdgeTech stock. The denial and other HRR communications can be read in their entirety at www.our-street.com/featured.htm and www.our-street.com/hrr_reply.htm .
The complaint by Our-Street.com was filed with the Enforcement Division of the SEC, and alleges that the HRR submitted a non-compliant offer for Edgetech`s stock and that Edgetech published the offer without determining the legitimacy of the offer or the ability of HRR to come up with almost $30 million to close the purchase.
Our-Street.com is an internet based public company watchdog that researches companies and files and publishes reports and complaints with various regulatory agencies. Previously, Our-Street.com`s complaint against Aqua Vie Beverage Corporation (OTC BB: AQVB) was followed by a suspension in trading by the SEC.
Note: Our-street.com is not a financial or investment advisor and is not offering stock for sale or giving investment advice. For investment advice contact a non-conflicted registered investment advisor or non-conflicted broker. The best place to get information about a company is from the SEC.
Specific information about Edgetech Services, Inc. can be gotten by using this link: www.sec.gov/cgi-bin/browse-edgar?company=edgetech&CIK=&filenum=&S tate=&SI C=&owner=include&action=getcompany. Our-Street.com and/or their associates do not have a position in Edgetech Services. Our-street.com has not been paid or compensated in any way to conduct the research and file this complaint.
Our-Street.com is member supported by subscriptions but members do not choose which companies Our-Street.com selects to profile.
CONTACT: Nick Tracy Enterprises, Ltd Tel: +44 (0)207 900 2080 Fax: +44 (0)207 900 2080 e-mail: info@our-street.com WWW: www.our-street.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
-0-
http://host.wallstreetcity.com/wsc2/Autoflag.html?Button=Get+Story&DB=SQL&SID=218u4368&S...
HYTT rising off the bottom: .21 x .22.
The company has been in business since 1992 and has 65 employees. They went public a few months ago by reverse merger. The chart looks good for a bounce from here if it can get some volume.
Yahoo: HYTT
http://finance.yahoo.com/q?s=hytt.ob&d=t
BigCharts: HYTT
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hytt&freq=1&time=7
SEC filings:
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001156784&&action=getcompany
ICBL has actually been profitable for the last few quarters on revenues of about $5M per year, although they have some accumulated debt. O/S is about 14M, I think. Must have a low float, from the way it trades. They need to put out more news.
SEC EDGAR filings: Internet Cable Corporation
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001075202&action=getcompany
ICBL waking up: .045 x .05. EOM
NEOM moving off the bottom on news: .022 x .024.
NeoMedia Says Loch Energy Has Put `First Oil in Tank' on Schedule
Friday March 28, 12:07 pm ET
FT. MYERS, Fla. & HOUSTON--(BUSINESS WIRE)--March 28, 2003--NeoMedia Technologies, Inc. (OTCBB: NEOM - News) said today that Loch Energy, Inc., has "put the first oil in the tank" on schedule, and that Loch is projecting the well to be in full production early next week.
NeoMedia recently announced plans to acquire and merge with Loch (see "NeoMedia Reaches Agreement in Principal to Acquire Loch Energy, Inc., Houston-based Company with $410 Million in Proven and Probable Oil Reserves," Business Wire, March 13, 2003). In that announcement, NeoMedia said Loch projected incremental revenue of up to $800,000 per month in the near term from oil production, and also forecast an increase of up to $3.0 million per month by 2006.
"The first oil was pumped into the tank on Wednesday," said Douglas Ashworth, Loch Energy's CEO. "The rig is now up on Loch Energy's Amoco Fee and Lease Property Well No. 5 in Liberty County, Texas," he said, "and final mechanical work is being completed."
Ashworth had stated last week that oil would be pumped on schedule (see "NeoMedia's Loch Energy Steps-Up U.S. Oil Production With 'All Go-Aheads to Put First Oil in Tanks Next Week'," Business Wire, March 21, 2003). He said an oil and gas representative of Gen-Oil (see "Loch Energy, Inc. to Begin Workovers on 5 Existing Well Bores After Receipt of LOI for $485K Investment from Gen-Oil LLC," Business Wire, March 7, 2003) was on-site when the first oil was pumped.
Ashworth also said that with natural gas currently above $6 MCF, Loch is continuing to look into the potential of completing a natural gas sand in one of the five wells. "Successful development of this one gas sand alone could generate from $45,000 to $180,000 additional gross revenue per month," he said.
`Great Start for Loch'
Charles T. Jensen, NeoMedia's president, COO and acting CEO, said the "on-schedule pumping of the first oil is a great start for Loch, and makes NeoMedia all the more excited about the acquisition. We congratulate Doug Ashworth and everyone at Loch Energy for having achieved this milestone."
About NeoMedia Technologies
NeoMedia Technologies, Inc. (www.neom.com), is an innovator and international leader in print-to-Internet and other technologies which make information faster and easier to access, with expertise in homeland security and e-authentication applications. NeoMedia markets services which link physical information and objects to the Internet under the PaperClick® trademark, and its Systems Integration Group specializes in Open and Storage System solutions and automating print production operations.
About Loch Energy, Inc.
Loch Energy, Inc., is a low-cost, environmentally-conscientious and safe producer of oil and gas properties, and a strong advocate of creating an environment in which the oil and gas industry, and related businesses, prosper and grow through responsible development of Texas's natural resources.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
PaperClick is a trademark of NeoMedia Technologies, Inc.
-----------------------------------------------------------------
Contact:
NeoMedia Technologies, Inc.
Charles T. Jensen, 239/337-3434
cjensen@neom.com
or
Loch Energy
Douglas Ashworth, 281/548-0175
or
The Kaminer Group
David A. Kaminer, 914/684-1934
dkaminer@kamgrp.com
-----------------------------------------------------------------
Source: NeoMedia Technologies, Inc.
http://biz.yahoo.com/bw/030328/285316_1.html
CNEX moving up: .079 x .08. EOM
NCVM near a bottom here: .005 x .0055.
2x1 with NITE on the bid.
Looks like they're just about done with the S-8 for 15M shares.
LETH EOD run: .80 x .82. EOM
Risk varies inversely with knowledge.
MDBU: .15 x .17. Up from .04. EOM
Risk varies inversely with knowledge.
LETH shows positive EPS of .59 in last 10-K, .35 EPS fully diluted.
Chairman of LETH was the Prime Minister of Ireland from 1992-1994, and was nominated for the Nobel Peace Prize.
==========================================
Dr. Albert Reynolds, Chairman of the Board of Directors.
Life Energy & Technology Holding Inc. is chaired by Dr. Albert Reynolds, former Prime Minister of the Republic of Ireland. Dr. Reynolds is a self-made businessman who started his career in the entertainment sector. He later developed a number of food processing firms, which continue to serve international markets. Following his successful business career, Dr. Reynolds was elected to the Irish Parliament in 1977 and held a number of Ministerial posts before serving as Prime Minister from 1992 to 1994. He was a major contributor to the Northern Island peace process and to creating the strong economic base that Ireland enjoys today. Dr. Reynolds has a distinguished track record of experience in the political and business spheres including extensive diplomatic relationships in the Middle East and North Africa. In addition to his duties with the Company, Dr. Reynolds currently also serves as Chairman of the Board of Bula Resources Holdings (Plc), a position which he has held since March 1999. Dr. Reynolds was also nominated for a Nobel Peace Prize. He holds many honorary degrees. He has extensive international experience in politics and business and brings both experience and international recognition to Life Energy & Technology Holdings Inc.
http://www.sec.gov/Archives/edgar/data/840823/000095011702002178/0000950117-02-002178.txt
Risk varies inversely with knowledge.
LETH news today is phenomenal if true....
5 systems at $11M apiece, with another 595 systems to come within 3 years = $6.6 BILLION.
Risk varies inversely with knowledge.
LETH news today is phenomenal if true....
5 system at $11M apiece, with another 595 systems to come within 3 years = $6.6 BILLION.
===================================
http://biz.yahoo.com/bw/030115/150211_1.html
Life Energy & Technology Holdings Sells Five MKIII Biosphere Process Systems for USD$55,000,000 and Options 595 MKIII Biosphere Process Systems to Global FranTech Group
Wednesday January 15, 8:59 am ET
UTICA, N.Y.--(BUSINESS WIRE)--Jan. 15, 2003--Life Energy & Technology Holdings Inc. (OTCBB:LETH - News; Deutsche Borse DE:LFT) and Global FranTech Group of Lake Arrowhead, California announce the signing of a sales agreement for five (5) MKIII Biosphere Process(TM) Systems to be deployed with Global FranTech Group's clients in China.
The agreement is for five (5) MKIII Biosphere Process(TM) Systems, with a combined initial sale price of USD$55,000,000 with an option to purchase an additional 595 systems. The purchase is guaranteed by the Chinese Central Government and finance is arranged by a major Japanese Bank. All 600 MKIII Biosphere Process(TM) Systems are expected to be supplied to Global FranTech Group within 36 months.
Welcoming the signing of the Global FranTech contract, Dr. Albert Reynolds, Chairman of Life Energy & Technology Holdings Inc., (Prime Minister of the Republic of Ireland 1992-95), said: "I am pleased to be able to announce the consummation of this agreement. My management at Life Energy has worked intensively with Global FranTech to develop these sales in North and South East Asia, and we look forward to delivering the first of the 600 Biosphere Process(TM) Systems to this important and expanding market."
Mr. Phil Nadeau, Chairman of Global FranTech endorsing Dr. Reynold's comments said: "We at FranTech are delighted to be purchasing these Biosphere Process(TM) Systems for deployment in China. China is an important market place for our company, and one in which the Biosphere Process(TM) System technology is vitally needed both for waste conversion and for electricity production. In addition to our intended deployment of 600 mobile MKIII Biosphere Process(TM) Systems in China, we are currently negotiating with the governments of several countries in North and South East Asia to sell many more of these superb Biosphere Process(TM) Systems. The ability to convert waste materials to green electricity, portable water, distilled water, steam, compost, fertilizer and building materials, as provided by the Biosphere Process(TM) System is, we have now proven, world beating technology."
About Global FranTech Group, Inc.
Global FranTech is a subsidiary of FranTech Strategies International, Inc. ( http://www.frantechstrategies.com ) a highly successful globally oriented U.S Corporation. FranTech has a 35-year history in International Investment Banking and Corporate Finance. Global FranTech enjoys a non-exclusive appointment to market Life Energy's Biosphere Process(TM) Systems in the following markets: Singapore, China, Indonesia, Thailand, Malaysia, Philippines and Vietnam. FranTech has proven track records in assembling, negotiating and consummating trade, licensing, technological and financial agreements; pooling strengths drawn from experience in international trade policy, law, marketing, investment banking and technology research.
About Life Energy Technology & Holdings Inc.
( http://www.le-th.com ) Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM), supplies energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
------------------------------------------------------------
Contact:
For Life Energy & Technology Holdings, Utica
Michael Liberatore, 315/724-8370
E mail: info@le-th.com
------------------------------------------------------------
Source: Life Energy & Technology Holdings Inc.
Risk varies inversely with knowledge.
WAVE creeping up: .019 x .02. EOM
Risk varies inversely with knowledge.
BUER: .052 x .053. EOM
Risk varies inversely with knowledge.
FXGP news .....
http://biz.yahoo.com/bw/030109/92108_1.html
TRW Agrees to Market SPS's Security Products
Thursday January 9, 8:20 am ET
ELMSFORD, N.Y.--(BUSINESS WIRE)--Jan. 9, 2003--The Finx Group, Inc. (OTCBB: FXGP - News) is proud to announce an agreement has been entered into between its wholly owned subsidiary, Secured Portal Systems, Inc., (SPS) with TRW, Inc., recently acquired by Northrop Grumman (NYSE: NOC - News) and operating under the name Northrop Grumman Mission Systems to work together through a Memorandum of Understanding (MOU).
The MOU will allow TRW preferred pricing and technical support when marketing SPS's security products to the Federal Government.
Northrop Grumman Corporation is a $25 billion global defense company, headquartered in Los Angeles, Calif. Northrop Grumman provides technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding and space technology. With approximately 120,000 employees and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.
SPS's showcase product is the GIL-2001, which in just a 4' x 4' or a 4' x 6' footprint gives clients the step by step logistics and subsystems hosting for making investments in access control and detection processing a sound investment. The GIL-2001 has undergone recent testing, as administered by National Safe Skies, for the Transportation Security Authority and the Federal Aviation Administration. On December 11, 2001, the GIL-2001 was certified by the Department of State for ballistic and forced entry, and effective October 29, 2002 is covered under United States Patent #6,472,984.
FXGP through its wholly owned subsidiary SPS, is a security systems company engaged in the development, marketing and sale of a wide range of physical and software security products including secured entrance systems and smart card access software programs. FXGP's goal is to develop and acquire marketing rights for a wide variety of security products in order to capitalize on the growing market for such products.
SOURCE
FXGP
NOC
TRW
Forward-Looking Statements
Certain statements made or implied in this release contain or are based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and in particular, statements that are accompanied or preceded by words such as "believe," "expect," "intend," "look forward," variations of these words and similar expressions are forward- looking, and actual outcomes may differ materially from those described or anticipated in this release.
---------------------------------------------------------------
Contact:
The FINX Group Inc.
Lewis S. Schiller, 561/447-6612
lschiller@aol.com
---------------------------------------------------------------
Source: The Finx Group, Inc.
Risk varies inversely with knowledge.
ATISQ: .083 x .085. EOM
Risk varies inversely with knowledge.
CDCOR: Terms of the Rights
The Rights require the Company, after the Present Value of Distributions to Creditors equals or exceeds 85% of the amount of Allowed Claims in Class C-4, at the election of the Company to either (a) issue to the holders of Rights the appropriate percentage of New Common Shares or (b) payto the holders of Rights the applicable amounts of cash, or any combination of (a) and (b), based upon the then-existing Present Value of Distributions to Creditors in accordance with the table below. At the time Distributions to Creditors reach a "Recovery Threshold" set forth below, the Company shall elect the form of consideration to be issued to holders of Rights (New Common Shares or distributions of cash, or a specified combination of the two), which election shall apply to the form of consideration to be issued to holders of Rights until the next higher Recovery Threshold is reached, at which time the Company may make a new election applicable to the form of future consideration to be issued to holders of Rights until the next Recovery Threshold is reached.
o After the Present Value of Distributions to Creditors equals or exceeds 85% of the amount of Allowed Claims in Class C-4 (the "85% Recovery Threshold"), the holders of Rights shall be entitled to receive, at the Company's election, either New Common Shares aggregating 3% of the total number of Creditor Shares then issued and outstanding (including any shares held in the Disputed Claims Reserve), or cash equal to 3% of all amounts constituting Distributions to Creditors in excess of such 85% Recovery Threshold, when and as such Distributions to Creditors are made, or in the case of a Liquidity Event, when such Liquidity Event occurs; or any such combination of New Common Shares and cash distributions.
o After the Present Value of Distributions to Creditors equals or exceeds 91% of the amount of Allowed Claims in Class C-4 (the "91% Recovery Threshold"), the holders of Rights shall be entitled to receive, at the Company's election, either New Common Shares aggregating 9% (i.e., an additional 6%) of the total number of Creditor Shares issued and outstanding (including any shares held in the Disputed Claims Reserve), or cash equal to 9% of all Distributions to Creditors in excess of such 91% Recovery Threshold, when and as such Distributions to Creditors are made, or in the case of a Liquidity Event, when such Liquidity Event occurs; or any such combination of New Common Shares and cash distributions.
o After the Present Value of Distributions to Creditors equals or exceeds 95% of the amount of Allowed Claims in Class C-4 (the "95% Recovery Threshold"), the holders of Rights shall be entitled to receive, at the Company's election, either New Common Shares aggregating 21% (i.e., an additional 12%) of the total number of Creditor Shares issued and outstanding (including any shares held in the Disputed Claims Reserve), or cash equal to 21% of all Distributions to Creditors in excess of such 95% Recovery Threshold, when and as such Distributions to Creditors are made, or in the case of a Liquidity Event, when such Liquidity Event occurs; or any such combination of New Common Shares and cash distributions.
o After the Present Value of Distributions to Creditors equals or exceeds 100% of the amount of Allowed Claims in Class C-4 (the "100% Recovery Threshold"), the holders of Rights shall be entitled to receive, at the Company's election, either New Common Shares aggregating 37% (i.e., an additional 16%) of the total number of Creditor Shares issued and outstanding (including any shares held in the Disputed Claims Reserve), or cash equal to 37% of all Distributions to Creditors in excess of such 100% Recovery, when and as such Distributions to Creditors are made, or in the case of a Liquidity Event, when such Liquidity Event occurs; or any such combination of New Common Shares and cash distributions.
http://www.sec.gov/Archives/edgar/data/1179484/000095017202001750/0000950172-02-001750.txt
Risk varies inversely with knowledge.
CDCOR = CDCO Contingent Distribution Rights
I guess there's a chance that shareholders might get something after they sell off their remaining assets.
==============================
The Plan provides for an up to three-year orderly runoff or sale of the company's remaining assets. The distribution of the net proceeds realized from such runoff or sale, and the cash accumulated to date, is anticipated to result in an approximately 90 percent recovery to creditors. Comdisco expects to make an initial distribution to its stakeholders prior to the close of its current fiscal year, which ends on September 30, 2002. Thereafter, distributions are expected to be made on a quarterly basis or more frequently, if appropriate. Former common stockholders will share in the net proceeds realized, beginning at 3 percent of the remaining net proceeds once creditors reach 85 percent recovery, and scaling up to a 37 percent recovery of any remaining net proceeds once the creditors realize 100 percent on their claims.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001179484
Risk varies inversely with knowledge.
YFM bounce in progress: 1.71 x 1.94. EOM
Risk varies inversely with knowledge.
NVGV: .22 x .27. Jumped up to .25 x .30 briefly. EOM
Risk varies inversely with knowledge.
BGY news .....
http://biz.yahoo.com/djus/021210/1304000530_1.html
Dow Jones Business News
UK Government: British Energy Renationalization Not Planned
Tuesday December 10, 1:04 pm ET
LONDON -(Dow Jones)- A re-nationalization of troubled nuclear power operator British Energy PLC is "not on the agenda" for the U.K. government, Energy Minister Brian Wilson told a Trade and Industry Select Committee Tuesday.
Wilson also said he was optimistic the rescue plan proposed by the company in November and backed by the government, will be approved by the company's creditors. Administration would remain an option if the plan wasn't approved, he said.
He said the company had made "major mistakes" in recent years that had contributed to its financial woes. But he also said special circumstances surrounding the company, such as the higher costs it faced, had also been a factor.
"I always had the severest doubts about the wisdom of privatizing the company and releasing it into the market when that industry is still heavily regulated and constrained in the way that it can break down costs," Wilson said.
British Energy produces about 20% of the U.K.'s electricity.
Late November British Energy and the U.K. government unveiled a comprehensive rescue package under which the government agreed to extend its GBP650 million loan package to the company until March 9, to enable it to restructure its operations.
The core of the plan would see the company cancel GBP1.26 billion of debt claims and replace them with up to GBP700 million of new bonds and an unspecified number of new shares.
A majority of investors and lenders must vote on the plan by mid-February.
Dow Jones Newswires
12-10-02 1304ET
Risk varies inversely with knowledge.
FSTI trying to breakout: .106 x .113. EOM
Risk varies inversely with knowledge.
NTLDQ: .028 x .029. Emerging from Chapter 11....
NTL sees bankruptcy exit "any day now"
Thursday December 5, 10:25 am ET
By Braden Reddall, UK telecoms correspondent
LONDON, Dec 5 (Reuters) - British cable group NTL Inc (OTC BB:NTLDQ.OB - News) is on course to emerge from bankruptcy in the next few days, Chief Executive Barclay Knapp said on Thursday.
"We're looking to complete the final loose ends any day now," Knapp told delegates at a media conference.
The larger of Britain's two cable operators, NTL is putting the finishing touches to a $10.9 billion debt-for-equity swap -- a record corporate bond default.
The U.S.-based firm filed for Chapter 11 bankruptcy protection earlier this year. It had hoped to get out several weeks ago but was held up by the fine print of the deal.
NTL, which provides digital TV, phone and Internet access, has slashed costs and shed thousands of jobs in a bid to turn around the business. It was almost crushed by debt after investing heavily in buying and upgrading cable networks at the technology market's peak in the late 1990s.
Britain's other cable player Telewest (London:TWT.L - News) is also negotiating a rescue deal with its lenders.
Both firms found their debts unsustainable when technology markets collapsed. They also face stiff competition in Britain from satellite TV company BSkyB (London:BSY.L - News) and former monopoly telecoms company BT Group Plc (London:BT.L - News).
Knapp said that NTL expected to have 500,000 broadband subscribers after the winter holiday season, up from 380,600 at the end of September.
Last month NTL said core earnings rose to 182 million pounds ($286 million) in the third quarter, up five percent on the previous three months. But revenues edged down 1.5 percent to 617 million pounds.
(additional reporting by Janet McBride)
http://biz.yahoo.com/rf/021205/telecoms_ntl_2.html
Risk varies inversely with knowledge.
MPOW was beautiful on Friday! In at .17. Lots of very large blocks being bought, with a few small sells. Looks like it will continue upwards on Monday.
Weeeeeeeeee!!!
Risk varies inversely with knowledge.
MPOW: Mpower Holding Retires $48.9 Million in Debt
http://biz.yahoo.com/prnews/021126/nytu140_1.html
Tuesday November 26, 4:12 pm ET
ROCHESTER, N.Y., Nov. 26 /PRNewswire-FirstCall/ -- Mpower Holding Corporation (OTC Bulletin Board: MPOW - News), the parent company of Mpower Communications Corp., a provider of broadband high-speed Internet access and telephone services to business customers, announced today that it has repurchased $48.9 million of its $51 million outstanding 13% Senior Notes due 2004 for $13.7 million in cash. Pursuant to the terms of the 2004 Notes, Mpower intends to redeem the remaining $2.1 million of Notes following this transaction.
With the exception of $4 million in capital leases, this action, coupled with the intended redemption of the remaining 2004 Notes, would eliminate all of the company's remaining debt and will allow the company to remove liens on more than $100 million of its network equipment.
"We continue to pursue additional funding alternatives and are engaged in active negotiations with potential strategic partners," said Mpower Communications Chairman and Chief Executive Officer Rolla P. Huff. "Eliminating essentially all of our remaining debt is a crucial step in our efforts to consummate a value enhancing, strategic transaction and we expect that it will greatly accelerate that process."
About Mpower Holding Corporation
Mpower Holding Corporation (OTC Bulletin Board: MPOW - News) is the parent company of Mpower Communications, a facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for small and medium-size business customers. Further information about the company can be found at http://www.mpowercom.com .
Forward-Looking Statements
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Mpower Holding Corporation cautions investors that certain statements contained in this press release that state management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. Management wishes to caution the reader these forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to, market makers independent decisions to create a market in the common stock of the company, future sales growth, market acceptance of our product offerings, our ability to secure adequate financing or equity capital to fund our operations, network expansion, our ability to manage rapid growth and maintain a high level of customer service, the performance of our network and equipment, our ability to enter into strategic alliances or transactions, the cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment, regulatory approval processes, changes in technology, price competition and other market conditions and risks detailed from time to time in our Securities and Exchange Commission filings. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise.
--------------------------------------------------------------------------------
Source: Mpower Holding Corporation
Risk varies inversely with knowledge.
OBGL buyout complete. 10 bagger plus!
I received $5 cash in my trading account Thursday morning for each of my OBGL shares.
Mentioned here on 8/13 when it was at .21 x .42.
http://www.investorshub.com/boards/read_msg.asp?message_id=456755
Risk varies inversely with knowledge.
NASD tells Ameritrade to stop cash-less trades
Friday August 30, 12:15 pm ET
NEW YORK, Aug 30 (Reuters) - Securities regulators have told Ameritrade Holding Corp. (NasdaqNM:AMTD - News) to stop letting its clients buy stocks without having the actual cash in their accounts to pay for them, the online brokerage said in a regulatory filing on Friday.
Customers of Ameritrade and its subsidiary, iClearing, were allowed to buy shares in cash accounts without having the money to pay for the purchase. They could then sell the shares and use the proceeds to buy more stocks, a process that violates securities regulations.
The National Association of Securities Dealers notified the Omaha, Nebraska-based company on Aug. 22 that this violated NASD regulations, Ameritrade said in a filing with the Securities and Exchange Commission.
Ameritrade said it is working with the NASD, which oversees U.S. brokerages and investment banks, to ensure its policies are compliant with securities rules.
Ameritrade shares were up a penny at $3.65 in trading on the Nasdaq, below their 52-week high of $7.27.
http://biz.yahoo.com/rf/020830/financial_ameritrade_2.html
Risk varies inversely with knowledge.
BLUI moving up: .06 x .07. EOM
Risk varies inversely with knowledge.
OBGL .21 x .42. Buyout at $5 per share announced ...
This PR came out late Friday night. Not sure what to make of it, but it's really cheap if true. Possible 10x profit from here.
PinkSheets.com: OBGL
http://www.pinksheets.com/quote/quote.jsp?symbol=OBGL
BigCharts: OBGL
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=obgl&freq=1&time=7
Baltic Oil Holdings Limited Intends to Merge With Oil Baltija Group, Ltd.
FRIDAY, AUGUST 09, 2002 8:58 PM - BusinessWire
NEW YORK, Aug 9, 2002 (BUSINESS WIRE) -- The Board of Directors of Baltic Oil Holdings Limited ("BOHL") has approved an agreement and plan of merger to merge Oil Baltija Group, Ltd. of New Jersey ("Oil Baltija") (OBGL) , of which BOHL owns approximately 90%, with and into BOHL.
Upon completion of the proposed merger, each share of Oil Baltija not owned by BOHL would be converted into the right to receive $5.00 (five dollars) in cash, for an aggregate purchase price of approximately $12,300,000 for the shares not owned by BOHL. BOHL intends to propose the election of certain nominees to the Board of Directors of Oil Baltija at Oil Baltija's annual meeting scheduled for August 23, 2002. If the agreement and plan of merger is approved by the Board of Directors of Oil Baltija and submitted to the shareholders of Oil Baltija for their approval, BOHL intends to vote its shares to approve the agreement and plan of merger. It is anticipated that the Board of Directors of Oil Baltija will call a special board meeting to approve the agreement and plan of merger in August, 2002 and, if it approves the agreement and plan of merger, call a special meeting of the shareholders of Oil Baltija in September, 2002 to approve the agreement and plan of merger.
CONTACT:
Baltic Oil Holdings Limited, New York
Vyacheslav A. Ivanov, 212/859-5021
Risk varies inversely with knowledge.
NCGH moving up, finally: .06 x .075.
Risk varies inversely with knowledge.
TIGR moving up .075 x .08.
Risk varies inversely with knowledge.
APWQE news last night ...
http://biz.yahoo.com/bw/020731/312588_1.html
Wednesday July 31, 6:43 pm Eastern Time
Press Release
SOURCE: APW Ltd.
APW Ltd. Successfully Completes Recapitalization
Emerges from Prepackaged Chapter 11 Proceeding
ST. MICHAEL, Barbados--(BUSINESS WIRE)--July 31, 2002--APW Ltd., a leading Technically Enabled Manufacturing Services ("TEMS") company, announced today that it has successfully completed its Plan of Reorganization and has emerged from its voluntary prepackaged Chapter 11 proceeding. APW's Plan of Reorganization, which was overwhelmingly accepted by the holders of the Company's senior credit facilities, was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on July 23, 2002, clearing the way for today's emergence. APW's balance sheet has been recapitalized through the conversion of approximately $585 million, or 85%, of its debt into equity. In addition, the Company has obtained a new $110 million working capital facility, providing it with substantial liquidity.
The new equity ownership of APW is led by Oaktree Capital Management, a Los Angeles-based investment management and buyout firm with approximately $25 billion of assets under management, and West Register (Investments) Limited, which together now own approximately 66% of the fully diluted shares. The new equity owners endorse APW's business strategy and have supported the efforts of APW's management team throughout the reorganization process.
Despite the distraction of the reorganization process, APW's business results have improved as both sales and cash flow increased sequentially during the most recent quarter ended May 31, 2002. This improvement has largely been due to the Company's success in retaining its customer base and continuing to win new programs. Additionally, APW has attracted new customers such as Lam Research and GE Medical Systems.
"The recapitalization significantly strengthens APW's balance sheet and provides us with the right capital structure to fuel our growth," commented Rick Carroll, APW's Chief Financial Officer. "We have in excess of $20 million of cash on our balance sheet in addition to substantial borrowing availability under our new $110 million credit facility. We are now well positioned to support the global needs of our existing customers when their markets begin to grow and prospective customers as we continue to win new business opportunities".
Richard G. Sim, Chairman, President and CEO of APW, commented: "Oaktree Capital Management was attracted to APW because of our unique positioning in the markets we serve and because of our superior product and service quality. We are exclusively focused on helping our customers reduce their time-to-market by providing consistent support throughout the product lifecycle - from comprehensive design and prototype services through full-scale production. I believe that APW's customer loyalty over the past year reflects our demonstrated ability to create meaningful supply chain efficiencies for our customers. Looking ahead, we are excited about the opportunity to move forward aggressively with the support of our new investors, and are committed to providing our customers with the same high level of product and service quality to which they have grown accustomed."
Sim continued, "I want to thank all of our customers and suppliers for their continued support during the recapitalization process, as well as our devoted employees, who have worked extra hard to ensure that our world-class customer service never wavered."
About APW Ltd.
APW Ltd. is a Technically Enabled Manufacturing Services ("TEMS") company that designs and manufactures large, complex infrastructure products for OEMs in the communications, large enterprise hardware and Internet markets.
APW Ltd. has particular skills in the areas of designing and manufacturing enclosures, thermal management, power supplies and backplanes as well as core competencies in product and system design, integration and supply chain management. APW Ltd. operates in over 30 locations throughout North America, South America, Europe and Asia.
Safe Harbor Statement. Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. APW's results are also subject to general economic conditions, market conditions in the computer, semiconductor, telecommunications, and electronic industries in North America, South America, Europe and Asia, the impact of events occurring September 11, 2001, continued market acceptance of APW's existing products and new product introductions, competitive product and pricing pressures, foreign currency risk, interest rate risk, APW's ability to access capital markets and APW's ability to continue to meet required debt covenants. See our Form 10-K and SEC filings for further information on risk factors.
---------------------------------------------------------------
Contact:
APW Ltd.
Mike Gasick, 262/523-7631
www.apw.com
Risk varies inversely with knowledge.
APWQE news last night ...
http://biz.yahoo.com/bw/020731/312588_1.html
Wednesday July 31, 6:43 pm Eastern Time
Press Release
SOURCE: APW Ltd.
APW Ltd. Successfully Completes Recapitalization
Emerges from Prepackaged Chapter 11 Proceeding
ST. MICHAEL, Barbados--(BUSINESS WIRE)--July 31, 2002--APW Ltd., a leading Technically Enabled Manufacturing Services ("TEMS") company, announced today that it has successfully completed its Plan of Reorganization and has emerged from its voluntary prepackaged Chapter 11 proceeding. APW's Plan of Reorganization, which was overwhelmingly accepted by the holders of the Company's senior credit facilities, was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on July 23, 2002, clearing the way for today's emergence. APW's balance sheet has been recapitalized through the conversion of approximately $585 million, or 85%, of its debt into equity. In addition, the Company has obtained a new $110 million working capital facility, providing it with substantial liquidity.
The new equity ownership of APW is led by Oaktree Capital Management, a Los Angeles-based investment management and buyout firm with approximately $25 billion of assets under management, and West Register (Investments) Limited, which together now own approximately 66% of the fully diluted shares. The new equity owners endorse APW's business strategy and have supported the efforts of APW's management team throughout the reorganization process.
Despite the distraction of the reorganization process, APW's business results have improved as both sales and cash flow increased sequentially during the most recent quarter ended May 31, 2002. This improvement has largely been due to the Company's success in retaining its customer base and continuing to win new programs. Additionally, APW has attracted new customers such as Lam Research and GE Medical Systems.
"The recapitalization significantly strengthens APW's balance sheet and provides us with the right capital structure to fuel our growth," commented Rick Carroll, APW's Chief Financial Officer. "We have in excess of $20 million of cash on our balance sheet in addition to substantial borrowing availability under our new $110 million credit facility. We are now well positioned to support the global needs of our existing customers when their markets begin to grow and prospective customers as we continue to win new business opportunities".
Richard G. Sim, Chairman, President and CEO of APW, commented: "Oaktree Capital Management was attracted to APW because of our unique positioning in the markets we serve and because of our superior product and service quality. We are exclusively focused on helping our customers reduce their time-to-market by providing consistent support throughout the product lifecycle - from comprehensive design and prototype services through full-scale production. I believe that APW's customer loyalty over the past year reflects our demonstrated ability to create meaningful supply chain efficiencies for our customers. Looking ahead, we are excited about the opportunity to move forward aggressively with the support of our new investors, and are committed to providing our customers with the same high level of product and service quality to which they have grown accustomed."
Sim continued, "I want to thank all of our customers and suppliers for their continued support during the recapitalization process, as well as our devoted employees, who have worked extra hard to ensure that our world-class customer service never wavered."
About APW Ltd.
APW Ltd. is a Technically Enabled Manufacturing Services ("TEMS") company that designs and manufactures large, complex infrastructure products for OEMs in the communications, large enterprise hardware and Internet markets.
APW Ltd. has particular skills in the areas of designing and manufacturing enclosures, thermal management, power supplies and backplanes as well as core competencies in product and system design, integration and supply chain management. APW Ltd. operates in over 30 locations throughout North America, South America, Europe and Asia.
Safe Harbor Statement. Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. APW's results are also subject to general economic conditions, market conditions in the computer, semiconductor, telecommunications, and electronic industries in North America, South America, Europe and Asia, the impact of events occurring September 11, 2001, continued market acceptance of APW's existing products and new product introductions, competitive product and pricing pressures, foreign currency risk, interest rate risk, APW's ability to access capital markets and APW's ability to continue to meet required debt covenants. See our Form 10-K and SEC filings for further information on risk factors.
---------------------------------------------------------------
Contact:
APW Ltd.
Mike Gasick, 262/523-7631
www.apw.com
Risk varies inversely with knowledge.
BB, ESYN had a PR out this morning. Do you think there will be another one tomorrow?
=========================================
http://biz.yahoo.com/pz/020722/29803.html
Monday July 22, 8:50 am Eastern Time
Press Release
SOURCE: eSynch Corporation
eSynch Signs Nacio Systems, Inc. as Distributor of MediaOffice DRM Solution
SANTA ANA, Calif., July 22, 2002 (PRIMEZONE) -- eSynch Corp. (OTCBB:ESYN - news), a leader in the development and distribution of digital rights management solutions for the streaming media market, announced that it has entered into an agreement with Nacio Systems, Inc. to distribute the Company's MediaOffice product. Nacio Systems provides network-based computing, communications services and outsourcing solutions along with high-reliability hosting and connectivity to over 200 California businesses that rely on the Internet for daily operation. Nacio will offer eSynch's DRM solution to its clients effective immediately.
Nacio will offer eSynch's MediaOffice DRM solution to its clients as part of its commitment to partner with technology-based companies including Web developers, ASP's and integrators to provide their clients with total top-to-bottom e-business solutions. Exposure and access to Nacio's customer base and their established alliances with companies such as Microsoft and Akamai will provide eSynch with unique opportunities to market the MediaOffice product.
``Nacio's goal is to be a premier provider of complete outsourced networking solutions to large and small enterprise businesses,' said David Lyons, president of eSynch. ``eSynch's DRM technology will allow Nacio to offer its clients the benefits of the protection, performance and reliability required for the delivery of rich Web content, streaming media and related applications.'
About eSynch
eSynch ( http://www.esynch.com ), founded in 1994, is a software development company that designs and distributes turnkey and customized solutions for the digital delivery of rich media content. The Company's premiere product, MediaOffice(tm), is a suite of browser-based administration tools allowing flexible, secure and intelligent Internet distribution of business media content. MediaPod Player(tm), an audiovisual presentation platform with interactive search and navigation capabilities that enables the user to fully control the viewing experience, and MediaMosaic(tm), which incorporates streaming video, fully searchable transcripts synchronized to the video are other leading indicators of the Company's strength in this space.
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in eSynch's Securities and Exchange Commission filings, including Form 10-KSB for the year ended Dec. 31, 2002, and subsequent Forms 10-QSB and 8-K. Actual results may differ materially from management's expectations.
---------------------------------------------------------------
Contact:
eSynch Corp., Santa Ana
Robin Cruse
(714) 258-1900, ext. 325
Risk varies inversely with knowledge.
PWRE might be at a bottom here: .022 x .025.
13 MMs on the bid at .02, 2 at .021 and 2 at .022.
Very little resistance on the ask til .05.
ADZR up: .075 x .085. News with Raytheon yesterday.
AdZone Research and Raytheon Sign Systems Integrator Agreement
WEDNESDAY, JULY 10, 2002 9:02 AM
- BusinessWire
RIVERHEAD, N.Y., Jul 10, 2002 (BUSINESS WIRE) -- Raytheon Company (RTN) and AdZone Research (ADZR) have signed a Systems Integrator Agreement for Internet monitoring technology relating to Homeland Security.
AdZone will showcase its proprietary NetGet(TM) Internet Monitoring technology to a broad range of prospective security agency, military, and government department purchasers as a Systems Integrator with Raytheon.
With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.
AdZone CEO and President, Charles A. Cardona III, states, "This relationship is an important first step where Raytheon can facilitate the integration of AdZone's anti-terrorism capabilities in the Homeland Security, Defense and anti-bioterrorism sectors."
AdZone Research is a global Internet research firm specializing in automated retrieval, classification, analysis and delivery of worldwide Internet data for Global Defense and Media Metrics. Through monitoring over One Million URLs worldwide, AdZone provides tracking and monitoring of targeted information on the Internet.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained herein are ``forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
CONTACT:
Communique Media Services
Leonard Braumberger, 360/371-5827
lenpen@communiquemedia.com
or
AdZone Research
Investor Contact, 866/642-0787
ir@adzoneresearch.com