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Swick - did they ever state how much more $ they will need to complete Indonesian facility ?? Im somewhat surprised they can't find financing, the company is in decent order, worse companies are able to secure funding, just wondering what terms or direction they're looking at ...i hate diution too but i also dont want this to be dead money for years either ...
ORT.V - awesome pullback, all gaps filled, could help technically..
ORT / Roth - im almost positive if you call broker, they cant deny access to the report..
ORT.to /EORBF
ALso, i haven't seen mentioned, ORT coverage was initiated at Roth yesterday with a buy and a $10 price target. It's about a 75 page report, had to open more eyes to this name..
GORO - link to GORO CEO on CNBC this AM..
http://www.cnbc.com/id/15840232?video=1741686814&play=1
GFS CN - Gasfrac halted .eom
I imagine it's up on the KCL CN take out today ..
OTC ive had this for awhile too, fyi i see float same as outstanding shares 57million..also, did the outstanding share count go up, why do i rmember this around 12million O/S ??
TORM - i cant post on Value Microcap board but i found this on TORM, pump website http://www.super-trades.blogspot.com/
Tuesday, October 26, 2010
in TORM $6.50
in TORM $6.50. Low float so NOT A STOCK TO CHASE or for LARGE POSITIONS. Low float stocks can be volatile and dangerous.
Why I bought:
***** TORM 925k Float 1.9m O/S TORM- Bloomberg
***** Unnoticed 0.18 EPS last Quarter, .43 for the 6 months Read Press Release
***** Up against easy comps this quarter See Quarterly Comps
***** Bullish comments from CEO last quarter - The Company said it expects to continue to produce year-over-year improvement in financial results during the second half of fiscal year 2010.
Supplies of Titanium Dioxide reported to be low relative to demand
Read Article
***** Strong stock performance and 19 P/E for KRO which is in similar space
Commenting on the results, Dr. Olaf Karasch, Chief Executive Officer said, "Second quarter marked our highest quarterly sales in more than four and one half years and our sixth quarter of year-over-year improvement in profitability. The continued growth in revenue and profitability is a result of improving market conditions, the successful introduction of new products, and the hard work we have completed over the past two years to improve efficiencies and remove costs from our business. The improvement also reflects the powerful leverage in our business, as a large portion of each incremental sales dollar makes a significant contribution to our bottom line."
"We've come a long way in diversifying our product and geographic mix in the past several years. The addition of several new large customers also diversifies our customer concentration. Greater diversification should improve our ability to deliver consistent growth in revenue and profitability," Dr. Karasch continued.
Posted by Superman at 9:06 AM 0 comments Labels: TORM
I just tried a CKGT cactus cig -- very impressed, smokes a little quicker then regular cigs, they're packaged and look like any domestic tobacco cig, seemed like a slightly smoother smoke then tobacco otherwise couldnt tell the difference, gotta give it a strong grade..
Anyone call the company recently, wonder if there is some issue unknown to us . .
Molycorp IPO upcoming end of month, rare earth oxide, rare earth projects. . .
Hudson was the broker that advertised the volume last week, obv i have have no idea who the seller is or if they are done. It's always a little scary when you see a large seller in a under-followed name, there's that fear that they 'know something' but in TELT's case the stock has literally run from $.01 low so they can be looking at the price as opposed to the potenial value the company may still have. its impossible to know why and when people sell but the stock hung real nicly, pretty good sign.
Telt - I still think seller is around, Hudson been selling, they're still at .45 off of .40, stock's hung in all-right off the selling pressure, if we see Hudson lift stock should as well
So, thnk this massive snowstorn in VA and MD going to have a poss big effect on #'s ??
MILL - raises $6mm at $1.00 ?? Couldnt they find more favorable terms then this or was this previously annoounced ??
Form 8-K for MILLER PETROLEUM INC
--------------------------------------------------------------------------------
4-Jan-2010
Unregistered Sale of Equity Securities, Financial Statements and Exhibits
Item 3.02 Unregistered Sales of Equity Securities.
On December 18, 2009, Miller Petroleum Inc. agreed in principal to a sale of its common stock to select accredited investors. The price negotiated of the common stock to be purchased was a 16.67% discount to the closing market price on December 18, 2009. Our Board of Directors approved this pricing on December 19, 2009 for up to $6,000,000 of common stock of Miller.
Pursuant to the terms of Securities Purchase Agreements, between December 28, 2009 and December 31, 2009 Miller Petroleum, Inc. sold an aggregate of 4,750,000 shares of its common stock at an offering price of $1.00 per share to a number of accredited investors in private transactions exempt from registration under the Securities Act of 1933 (the "Securities Act") in reliance on an exemption provided by Section 4(2) of the Securities Act. As of December 30, 2009, we received gross proceeds of $4,750,000 from these sales. The Company had engaged several broker-dealers and members of FINRA, including Sutter Securities Incorporated, to act as finders for us in this offering. As compensation for its services, we agreed to pay Sutter Securities Incorporated a finder's fee of 5% of the gross proceeds received by us, the non- accountable sum of $10,000 for its legal fees and expenses and the issuance of five-year warrants to purchase an aggregate of 332,500 shares of our common stock at an exercise price equal to 120% of the volume weighted average price of the Company's common stock for the preceding 30 days prior to the funding date of the Stock purchase. These warrants are exercisable on a cashless basis. If we make any subsequent sales of our securities within one year to any purchaser introduced to us by Sutter Securities Incorporated, we are obligated to pay that firm a finder's fee on those sales. In addition, we paid Seaside 88 Advisors, LLC, the general partner of one of the purchasers of the shares, the non-accountable sum of $25,000 for legal expenses. We are using the net proceeds of this offering for the Company's general working capital and operations.
Under the terms of the Securities Purchase Agreements we agreed that until 12 months from the closing date, if in connection with a Subsequent Financing (as defined in the Securities Purchase Agreement), either our company or any of our subsidiaries should issue any common stock or common stock equivalents entitling any person or entity to acquire shares of common stock at an effective price per share less than the per share purchase price of $1.00 (subject to reverse and forward stock splits and the like), that we will issue to the purchaser of this current stock sale, a number of additional shares of common stock to the aforementioned purchasers to prevent the follow-on investment from being a dilutive issuance (see the attachment for more specific details). If shares are issued for a consideration other than cash, the per share selling price shall be the fair value of such consideration as determined in good faith by the Board of Directors.
Also, the Company granted the purchasers of stock certain piggy back registration rights until such time as the purchasers are able to resell the shares of common stock purchased in the offering pursuant to Rule 144 of the Securities Act until the requirement for adequate public information on our company is no longer applicable.
We anticipate that we will make additional sales of shares of our common stock under the same or similar terms and conditions. The form of Securities Purchase Agreement is filed as Exhibit 10.11 to this report.
POE.v - close to 52 wk high .eom
CKGT - early good vol, it's been in trading range for few months, hoping it can bust higher here ..footwedge
EBIX - Researcher, can't post on other board but EBIX got added to an S&P index, fyi..
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Press Release Source: Standard & Poor's
Standard & Poor's Announces Changes to U.S. Indices
Wednesday February 4, 5:55 pm ET
NEW YORK, Feb. 4 /PRNewswire/ -- Standard and Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Wednesday, February 11:
NewAlliance Bancshares Inc. (NYSE: NAL - News) will replace Modine Manufacturing Co. (NYSE: MOD - News) in the S&P MidCap 400. As of today's close of trading, Modine had a market value of approximately $80 million, ranking 400th in the index.
eResearch Technology Inc. (NASD: ERES - News) will replace Corus Bankshares Inc. (NASD: CORS - News), and Ebix Inc. (NASD: EBIX - News) will replace 4 Kids Entertainment Inc. (NYSE: KDE - News) in the S&P SmallCap 600. As of today's close of trading, Corus Bankshares and 4 Kids Entertainment had market capitalizations of approximately $19 million and $20 million respectively, ranking them 600th and 599th in the index.
long live cl001 - nice1 SMC... . .
ATPG - what did people do with their ATPG ?? I still own some, is there a high bankrupty risk here if oil stays low for a prolonged period of time ??
The problem with 2x reverse etf's is they reset everyday..
Say the SRS is 100 and the DJ Real Estate Index is 1000 and that day the real estate index goes to 500, then SRS goes to 200. Then on the following day is the index goes to 750, SRS would go back to 100 even thou the index net/net dropped 25%!! You have to be very careful entering these reverse etfs. Its a total trading tool not any kind of long term investing instrument.
FXP - im concerned that FXP doesnt seem to trade as well as other reverse etf's, i know hang sang had huge pop off lows but this is trading whereit did months ago - anyone hearing anything ??
otc - the pr after the bell offers some hope, althouo it's still a long-term hold until this bear market clears ..if i can accumulate some at a penny or two i might try and build a position also . .gl . . .
OTC - what do you thinkk of HLXH ?? 10Q reported some cancels, holds, tough economy ect ..what are you thinking at .02/.03 ?!?!?
Anybody know when AYSI will report ?? tia .e/
EMTA Holdings Announces One Million Share Insider Stock Purchase Program
Thursday September 11, 11:13 am ET
SCOTTSDALE, Ariz., Sept. 11 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc. (OTC Bulletin Board: EMHD - News), an energy and fuel conservation company and maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, today announced that the president/CEO, Edmond Lonergan and other insiders have entered into a Rule 10b-5 Plan whereby the insiders are permitted to purchase stock in the Company. The insider buying is a result of management's high level of confidence in the underlying fundamentals of the business and the belief that the current market conditions do not accurately reflect the value of the enterprise,
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The trading plan's parameters outline that management will buy up to one million shares of stock whenever the stock falls below $.25/share. Mr. Lonergan stated, "I and my management team are extremely confident in the future of EMTA and that, at these prices, we believe the stock is severely under-valued." The president continued that, "the Company's performance in this fiscal year has been very good and although all of its future opportunities will not necessarily meet expectations, the overall performance of EMTA this fiscal year will be exceptional."
As EMTA is a 33 Act Company, by SEC Rule, its management is not required to file a Form 4 to disclose the stock purchases and therefore the management team will provide periodic updates regarding their purchase of EMTA stock.
OTC - there is a filing on 12-May for a person named Wilson Robert Arthur to sell 500,000 shares. Do you know anthing about that ? Because if thisguy is going to sell~500k it would be quite an overhang . ..
Marc Faber bearish on commodities, 5 min video link ..
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vuf.8Ud9HSYA.asf
CKXE - in this environment ive checked out some arb plays. Check this out, $12 take out offer, ceo owns major chunk of shares, debt supposedly secured, trading at ~ $8. I think its thin enuf that the big arb players dont want to play this. The chart sure doesnt look like a typical buyout so it seems something not right but i took a shot today at $8 ....
CKX Inc agrees to revised buy out offer from 19X (10.21 ) : Co announces that its Board of Directors has reached an agreement in connection with the revised acquisition proposal made by 19X, on May 12, 2008, to modify certain terms of the pending agreement to acquire CKXE. The revised terms include the following: 1) 19X will pay each CKX stockholder $12.00 per share in cash; 2) The outside deadline for closing the transaction has been extended to October 31, 2008; 3) 19X has agreed to increase the break-up fee payable to CKX in the event that the merger is not completed by the new outside deadline by offering an additional $500,000 payable in cash, and by reducing the value of the stock, if any, used to pay the initial $37 million fee from $12.00 to $11.08 per share. As a result of the reduction in the attributed stock price, Mr. Sillerman, on behalf of 19X, would pay to CKX approximately 256,016 additional CKX shares as part of the break-up fee if 19X elected to pay in shares; 4) Stockholders holding at least 73% of CKX's outstanding shares must vote in favor of the deal for the deal to be approved rather than 50%, as provided in the original transaction; and 4) CKX will conduct a new "go shop" period that will last not less than 45 and no more than 60 days, during which time the Special Committee, through its financial advisor, will actively solicit superior offers for the Company.
oil $151, gold $1055, Dow 11,310
Phoenix Technologies Brings Remote Data Protection to Fujitsu Mobile Disk Drives
Monday May 5, 8:25 am ET
- Phoenix FailSafe(TM) will enhance FDE-based notebooks with remote secure erase functionality and more
- Phoenix FailSafe service is optimized for the leading mobile hard drives available in the market today
MILPITAS, Calif., May 5 /PRNewswire-FirstCall/ -- Phoenix Technologies Ltd. (Nasdaq: PTEC - News) today announced it is working with Fujitsu Limited (TSE: 6702 - News) to enable remote disk control and disk data protection for mobile computing environments equipped with Fujitsu's new full disk encryption (FDE) 2.5" 7,200RPM SATA hard disk drive (HDD). With Phoenix FailSafe, the laptop or notebook owner can remotely disable the Fujitsu FDE drive in the laptop, thus ensuring "failsafe" protection against data theft and personal information loss.
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(Logo: http://www.newscom.com/cgi-bin/prnh/20070410/SFTU048LOGO)
"Fujitsu's new FDE technology delivers the industry's strongest security method for mobile computing, while preserving a high level of performance," said Joel Hagberg, vice president, marketing and business development, Fujitsu Computer Products of America, Inc. "Our encryption capabilities ensure data on the disk drive is inaccessible to unauthorized users if a laptop is lost or stolen. By enabling users to remotely disable, enable or securely erase the drive in a laptop, the Phoenix Failsafe solution provides an added level of protection to further prevent any confidential information from being compromised."
Surendra Arora, vice president of business development at Phoenix Technologies, said, "We are committed to providing the best theft deterrence service and data protection solutions in the PC industry. Phoenix's FailSafe theft-deterrence service will allow the PC owner to track, remotely disable and securely erase the Fujitsu disk drive. In the event of laptop theft, if the FailSafe agent pre-installed on the Fujitsu FDE HDD product is removed by the computer/data thief, the authorized owner will be able to remotely re-install the FailSafe agent in the compromised system and take further steps to ensure protection as well as recovery of the data on the laptop."
Phoenix FailSafe not only enables laptop owners to remotely protect and encrypt vital content stored on their laptops' hard drives, it also provides the ability to locate/recover missing laptops and lost data as well as remotely 'kill' sensitive data or the device to avoid potential misuse.
08:46 PLCC Paulson Capital Corp. reports Y07 EPS of $0.78 vs ($0.79) in yr ago period; reports revs up 123% yr/yr to $30 mln (4.95 )
JPMorgan to Buy Bear for $2 a Share
NEW YORK - JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million — or $2 a share — a stunning collapse for one of the world's largest and most venerable investment banks.
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The last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the global financial system.
The Federal Reserve and the U.S. government swiftly approved the all-stock deal, showing the urgency of completing the deal before world markets opened.
Bear Stearns shares close Friday at $30 a share. At their peak, the shares traded at $159.36.
The Fed will provide special financing to JPMorgan Chase for the deal, JPMorgan Chase said. The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets. Risky bets on securities tied to subprime mortgages — loans given to customers with poor credit history — crippled Bear Stearns, the nations' fifth-largest investment bank.
At almost the same time as the deal for control of Bear Stearns was announced, the Federal Reserve said it approved a cut in its lending rate to banks to 3.25 percent from 3.50 percent and created another lending facility for big investment banks. The central bank's official meeting is on Tuesday. Before the emergency move to lower the discount rate, which is the rate at which banks lend each other money, the Fed was widely expected to again cut its headline rate by as much as a full point to 2 percent.
The announcements from both the Fed and JPMorgan come ahead of what some analysts expected to be a brutal day for global stocks. Already, before the announcements, New Zealand's markets opened drastically lower — then began to recover after the deal was unveiled.
"This is going to go down in very historic terms," said Peter Dunay, chief investment strategist for New York-based Meridian Equity Partners. "This is about credit being overextended, and how bad it is for major financial institutions and for individuals. This is why we're probably heading into a recession."
A collapse of Bear Stearns could have created a further crisis of confidence in world financial markets amid a deepening credit crunch. JPMorgan's acquisition of Bear Stearns represents roughly 1 percent of what the investment bank was worth just 16 days ago.
The deal marked a 93.3 percent discount to Bear Stearns' market capitalization as of Friday, and roughly a 98.8 percent discount to its book value as of Feb. 29.
"The past week has been an incredibly difficult time for Bear Stearns," said Bear Stearns Chief Executive Alan Schwartz in a statement. "This represents the best outcome for all of our constituencies based upon the current circumstances."
Wall Street analysts say the bid to rescue Bear Stearns was more than just saving one of the world's largest investments bank — it was a prop for the U.S. economy and the global financial system. An outright collapse could cause huge losses for banks, hedge funds and other investors to which Bear Stearns is connected.
The government, led by the Treasury Department and the Fed, was reported to have closely monitored the talks between JPMorgan and Bear Stearns. Treasury Secretary Henry Paulson, former chief executive of Goldman Sachs Group Inc., "has been in nearly continuous consultations all weekend," said Brookly McLaughlin, a Treasury Department spokeswoman.
After days of denials that it had liquidity problems, Bear was forced into a JPMorgan-led, government-backed bailout on Friday. The arrangement, the first of its kind since the 1930s, resulted in Bear getting a 28-day loan from JPMorgan with the government's guarantee that JPMorgan would not suffer any losses on the deal.
This is not the first time Bear Stearns has earned a place in Wall Street history. A decade ago, Bear Stearns refused to help bail out a hedge fund that was deemed "too big to fail." On Friday, the tables had turned, with the now-struggling investment bank in need of the same kind of aid.
Bear Stearns was founded in 1923 and in recent years was best known for its aggressive investing in mortgage-backed securities — and what was once a cash cow turned into the investment bank's undoing.
In June, two Bear-managed hedge funds worth billions of dollars collapsed. The funds were heavily invested in securities backed by subprime mortgages. Until that point, subprime mortgage-backed securities were immensely popular with investors because of their profitability.
The funds' collapse and subsequent problems in the credit markets called into question Bear Stearns' ability to manage its own risk and the leadership ability of then-Chief Executive James Cayne. Critics of the company said Cayne spent too much time away from the office last year playing golf and bridge as the problems unfolded.
Cayne is the same executive who refused to let Bear Stearns provide support as part of a Federal Reserve-led plan to rescue Long-Term Capital Management in 1998. His reticence was said to deeply anger some of his fellow Wall Street CEOs, and the episode came up every time Bear was reported to be in trouble in recent months.
Cayne took over from the legendary Alan "Ace" Greenberg in 1993. Greenberg joined Bear Stearns as a clerk, working his way up through the ranks to eventually take over as CEO in 1978. Greenberg was known for his irreverent style, and his regular memos to employees were turned into a book called "Memos from the Chairman."
Before Greenberg's ascendancy to CEO, Bear Stearns began to expand from its New York roots throughout the 1950s and 1960s, opening international offices and expanding its U.S. operations.
The company was opened in 1923 as an equity trading shop. Today, it has subsidiaries providing a wide array of financial services products for individuals, corporations, institutions and governments. Generally, it provides capital markets, wealth management and global clearing services to its customers.
Zynex Announces Its Plan to Become Listed on the American Stock Exchange
McAfee, Inc. to Acquire SafeBoot B.V. for $350 Million
Monday October 8, 4:05 pm ET
SafeBoot Acquisition Allows McAfee to Offer the Industry's Most Complete Data Protection Solution
SANTA CLARA, Calif. and NAPLES, Fla., Oct. 8 /PRNewswire-FirstCall/ -- McAfee, Inc. (NYSE: MFE - News) today announced a definitive agreement to acquire privately owned SafeBoot B.V. for $350 million in cash. SafeBoot is an enterprise security software vendor that is a leader in the rapidly growing market for data protection via encryption and access control.
SafeBoot delivers enterprise-class encryption and leads the mobile security market with its fully integrated end-point security and content encryption solutions. Adding SafeBoot's technologies and products will extend McAfee's Security Risk Management vision, and position McAfee as the leading security vendor to offer data loss prevention and encryption at the end-point with scalable centralized management.
The rationale for the transaction is as follows:
-- With the acquisition of SafeBoot, McAfee becomes the leader in a
multi-billion data protection market that is highly under-penetrated
-- McAfee has more than 100 million desktops under management and believes
SafeBoot offers a strong complement to its existing offerings
-- SafeBoot's end-point encryption franchise coupled with McAfee's Data
Loss Prevention and ePolicyOrchestrator management capability creates a
compelling, industry-leading data protection solution
-- McAfee, with its worldwide distribution network, expects to leverage
SafeBoot's highly acclaimed product line which is currently offered in
over 20 languages and in 76 countries
-- Encryption addresses all three of McAfee's market segments from the
enterprise of one to the enterprise of thousands
-- Finally, SafeBoot's mobile phone offerings will help accelerate
McAfee's current mobile solutions by allowing McAfee to offer a new
comprehensive suite of integrated device protection and data security.
"SafeBoot's industry-leading mobile security solutions address a critical pain point for customers -- the protection of confidential and proprietary information," said Dave DeWalt chief executive officer and president of McAfee. "With the acquisition of SafeBoot, McAfee becomes a leader in the fast-growing $1 billion encryption market and we will be able to offer a complete data protection solution that combines SafeBoot's device, full-disk and content encryption with McAfee's data loss prevention solutions. This combination helps advance our Security Risk Management strategy and extend our leadership at the end-point."
"We believe this acquisition will deliver a very attractive return for our shareholders," said Eric F. Brown, chief financial officer and chief operating officer, McAfee. "The combination of these two companies creates opportunities to build top-line synergies and generate additional growth by leveraging the combined product, technology and sales and marketing capabilities of both companies, to deliver best-in-class data protection."
Based on conservative assumptions, McAfee expects this transaction to be dilutive to 2008 GAAP earnings per share and neutral to 2008 non-GAAP earnings per share.
Following the closing, SafeBoot's technologies and McAfee's Data Loss Prevention solutions will become the foundation for a new Data Protection product business unit, headed by Gerhard Watzinger who will report to McAfee CEO Dave DeWalt.
SafeBoot is the encryption vendor to more than 4,200 customers, including more than 150 listed in the Fortune 500. Its customer base is geographically diverse, with about 47 percent in Europe, the Middle East and Asia, 29 percent in North America, and 23 percent in Asia Pacific. The company retained almost all of its customers in 2006.
The SafeBoot Data Protection Suite enables users to encrypt individual files and folders as well as the entire local hard drive for the widest possible range of mobile devices, including laptops, smart phones, USB drives and PDAs. SafeBoot data protection suite also enables users to encrypt file servers and provides protection to ensure that confidential files remain secure as they move throughout an organization. The company has focused on the enterprise market and offers centralized management as well as the ability to integrate with existing IT systems, support for a wide range of platforms, multiple languages and comprehensive auditing. McAfee plans to integrate these products into ePolicy Orchestrator (ePO), McAfee's centralized management console for enterprise customers.
By adding SafeBoot's encryption technology and enterprise management tools, McAfee will further advance its enterprise data protection offerings, and pursue SafeBoot's significant and untapped opportunities in the SMB and consumer markets. This combination will enable McAfee customers to deploy encryption technology that is integrated with McAfee security solutions, while providing SafeBoot customers with the ability to integrate McAfee products into their current SafeBoot deployment.
"We view McAfee as the leading dedicated security company, and we believe this combination will result in tremendous opportunities for SafeBoot, our customers, and our employees," said Gerhard Watzinger, chief executive officer of SafeBoot. "As we combine McAfee's resources and SafeBoot's technology and capabilities, we will be even better equipped to help our customers address the complex challenges of managing their data security, and position both companies to capture new opportunities in our rapidly growing markets."
"We're delighted that Gerhard and his team will be joining McAfee and we believe that the talent and know-how of SafeBoot's employees will play an important role in our future success," said DeWalt. "The new product business unit will build on both companies' data protection offerings, helping us integrate and deliver market leading new solutions for data protection."
The acquisition is expected to close in the fourth quarter of 2007 pending regulatory reviews.
Conference Call Information:
-- The Company will host a conference call today at 2:00 p.m. Pacific,
5:00 p.m. Eastern to discuss the acquisition. Participants should call
(800) 809-7467 (United States toll-free) (706) 679-4671
(international). The conference ID is 20063173.
-- Attendees should dial-in at least 15 minutes prior to the conference
call
-- A replay of the call will be available until October 22 by calling
(800) 642-1687 (United States toll-free) or (706) 645-9291
(international).
For additional information, please reference the acquisition landing page at http://www.mcafee.com/us/about/corporate/mcafee_safeboot.html and the McAfee Security Insights Blog at http://siblog.McAfee.com/.
About McAfee, Inc.
McAfee, Inc. is the leading dedicated security technology company. Headquartered in Santa Clara, California, McAfee delivers proactive and proven solutions and services that secure systems and networks around the world. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector, and service providers with the ability to block attacks, prevent disruptions, and continuously track and improve their security. http://www.McAfee.com.
About SafeBoot
The SafeBoot suite of mobile data protection solutions protects data, devices and networks against the risks associated with loss, theft, and unauthorized access, anytime and anywhere. SafeBoot provides enterprise-class, powerful encryption and strong access control technologies that seamlessly integrate with existing systems. SafeBoot's centralized management capabilities provide organizations with operational efficiency and ensure low total cost of ownership. Summit Partners has held a majority stake in SafeBoot since 2005. For more information, visit http://www.SafeBoot.com.
CEDA- Announces One-for-three Reverse Stock Split
Thursday October 4, 2:00 am ET
HARBIN, China, Oct. 4 /Xinhua-PRNewswire-FirstCall /-- China Education Alliance, Inc. (OTC Bulletin Board: CEDA - News; the "Company"), a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in China, today announced a one-for-three reverse split of its common stock.
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On September 27, 2007, the Company's stockholders approved an amendment to the Company's certificate of incorporation that (i) changed the authorized capitalization to 20,000,000 shares of preferred stock and 150,000,000 shares of common stock and (ii) effected a one-for-three reverse split of the common stock. The Company anticipates that the reverse split will be effective for trading purposes on or about October 12, 2007. Prior to the amendment, the Company was not authorized to issue preferred stock.
"We believe the reverse stock split will place our company in a position to apply for listing on a market or exchange if we can meet the applicable listing requirements. Our goal is to work towards meeting listing standards," said Mr. Yu, Chairman and CEO of China Education Alliance, Inc.
As a result of the amendment to the certificate of incorporation, the board of directors has the power to set the rights, preferences, privileges and limitations with respect to one or more series of preferred stock, and the directors approved a series of preferred stock, designated the Series A Convertible Preferred Stock. As a result, notes in the principal amount of $3,400,000 that were issued in the May 2007 private placement were automatically converted into shares of series A preferred stock and warrants as previously disclosed
ZYNX -Zynex Announces Increased Orders in September
Thursday October 4, 9:22 am ET
LITTLETON, Colo.--(BUSINESS WIRE)--Zynex Medical Holdings, Inc. (OTCBB: ZYNX - News), a provider of pain management systems and electrotherapy products for medical patients with functional disability, announces an increase in its orders of 232% for September of 2007 compared to the same month last year.
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Thomas Sandgaard, CEO, said: "We are excited to see our sales growth continue and be executing our plan of expanding sales and leverage our platform of great products and an infrastructure already in place."
Zynex received 1,042 orders in September 2007 versus 314 orders twelve months ago and 1,021 orders in August of 2007. Zynex has not yet finalized its results for the third quarter of 2007, including the impact of increased orders. Zynex will state these results in the Forms 10-QSB for the 2007 third quarter.
About Zynex Medical Holdings, Inc.
Zynex Medical Holdings, Inc. (founded in 1996) engineers, manufactures, markets and sells its own design of electrotherapy medical devices in two distinct markets: standard digital electrotherapy products for pain relief and pain management; and the NeuroMove(TM) for stroke and spinal cord injury (SCI) rehabilitation. Zynex's product lines are fully developed, FDA-cleared, commercially sold, and have been developed to uphold the Company's mission of improving the quality of life for patients suffering from impaired mobility due to stroke, spinal cord injury, or debilitating and chronic pain.
cl001 - do you think any of this large % drop in nickle is possibly due to some forced liqidation by hedgies in a liquidity crisis ?? Ive made some good $ in LIM and got out of BMC in nick of time, still own FNI and am considering adding or starting position in LBE - Im more of a l/t investor wont be flipping week to week..tks, Footwedge
13:28 China will raise stock trading stamp duty -- Reuters
China will raise the duty to 0.3% starting on Wednesday (30-May) from 0.1% in an effort to clamp down on overheated market. The government halved the securities the stamp duty rate to one in a thousand in January 2005 in a bid to help boost the, at that time, depressed equity market