Soapstone Networks Inc. (fka SOAP)

Join the InvestorsHub Community

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.

Live Updating

Older

Renee

12/24/12 9:38 AM

Post #912

Surrey, Inc., now known as Soapstone Networks, SOAP: Final liquidating payment ($ 0.00925/sh). Deletion time: 08:58:43

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/24/2012&mkt_ctg=NON-OTCBB

Kobe Ginobili

09/23/12 4:01 PM

Post #911

Pink Limited Information 35k 3mo. avg vol.

Contact Info
15 New England Executive Park
Burlington, MA 01803

Website: http://www.soapstonenetworks.com
Phone: 617-719-3897
Email: ir@soapstonenetworks.com

Update Company Info
Business Description
Not Available

Financial Reporting/Disclosure
Reporting Status SEC Filer
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001094895
Fiscal Year End 12/31
OTC Market Tier OTC Pink Limited
Profile Data
SIC - Industry Classification 7372 - Prepackaged software
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Michael J. Cayer President
Company Directors
Michael J. Cayer
Company Notes
Formerly=Avici Systems, Inc. until 3-2008
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
SOAP Security Details
Share Structure
Market Value1 $14,841 a/o Sep 21, 2012
Shares Outstanding 14,840,713 a/o Jul 29, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.0001
Shareholders
Shareholders of Record 364 a/o Mar 13, 2008
Corporate Actions
Ex. Date Record Date Pay Date
Dividend (0.76) Apr 08, 2010 Jul 31, 2009 Apr 07, 2010
Dividend (3.75) Jul 30, 2009 Jul 17, 2009 Jul 29, 2009
Dividend (3.75) Jul 17, 2009
Security Notes
New Issue=8-00 8,050,000 shs at $31 by Morgan Stanley Dean Witter et al.
note=Deleted from NASDAQ on 8/3/2009.
Capital Change=shs decreased by 1 for 4 split. Pay date=11/12/2002.
Short Selling Data
Short Interest 9,960 (0%)
Aug 31, 2012
Significant Failures to Deliver No
Transfer Agent(s)
BNYMellon Shareowner Services

02opida

06/19/10 5:47 PM

Post #910

Re: #909: @lespaul00 - Why is this stock trading so low compared

good question

lespaul00

06/14/10 11:45 AM

Post #909

Why is this stock trading so low compared to it's book value? Book value is > $5.00 / share.

No preferred stock... equity of ~$75MM and shares O/S ~ 15MM.

Here's a source other than Google Financials

$tockfather

04/13/10 12:03 PM

Post #908

lmao...A few little dinky sells and they drop this down.....10 times more buy volume since 10am and it's down 16%???? What a freaking joke!!!

$tockfather

04/12/10 12:30 AM

Post #907

Re: #906: @$tockfather - Current share structure for SOAP............

Dividends
Div: 0.76; Initial Liquidating Distribution. Due Bill Redeemable Date: 04/12/2010
Ex-Date: Apr 8, 2010
Record Date: Jul 31, 2009
Pay Date: Apr 7, 2010

Anyone know what due bill redeemable date is???

$tockfather

04/12/10 12:27 AM

Post #906

Current share structure for SOAP............

*
Estimated Market Cap
$578,788 as of Apr 9, 2010
*
Outstanding Shares
14,840,713 as of Jul 29, 2008
*
Number of Shareholders of Record
364 as of Mar 13, 2008

$tockfather

04/12/10 12:17 AM

Post #905

this is a major risk ans a huge gamble for a bounce play.... I still don't know how/why this is still trading???

Company is completely worthless due to liquidation and dissolution.

I don't have much in this and I am willing to lose it all.

anyone with any useful DD is much appreciated wink

TIA,

GLTA

$tockfather

04/12/10 12:08 AM

Post #904

Investor Relations

Transfer Agent

Mellon Investor Services LLC
Newport Office Center VII
480 Washington Boulevard
Jersey City, NJ 07310
P: 1-800-288-9541

Primary IR Contact

E: ir@soapstonenetworks.com

Legal

Choate, Hall & Stewart LLP
2 International Place
Boston, MA 02109-2804

ClarkKant

04/10/10 4:53 PM

Post #903

Re: #902: @vinsky_ever_trader - After this liquidating distribution, the Company's assets will

This stock isn't worth anything....nothing is good here except if you are in for a quick flip.

vinsky_ever_trader

04/10/10 9:22 AM

Post #902

After this liquidating distribution, the Company's assets will consist of $0.7 million of cash and cash equivalents

I think the O/S is much less after this liquidacion, so I speculate the pps will be 10-15 cents.

kittycattttt

04/09/10 11:42 PM

Post #901

4's gettin hit well

kittycattttt

04/09/10 2:33 PM

Post #900

Re: #899: @kittycattttt - Yes, g1 kitty, now ur down 28%.

Ok ok, nobody throw defoamer..

kittycattttt

04/09/10 11:49 AM

Post #899

Re: #898: @kittycattttt - .o445 its a start c what happens

Yes, g1 kitty, now ur down 28%.
Glad my life savn's ant here..

kittycattttt

04/09/10 9:32 AM

Post #898

.o445 its a start c what happens

cantgetmyname

04/09/10 8:47 AM

Post #897

Re: #878: @$tockfather - So how long can/will this continue to trade

"The Company’s petition with the Delaware Chancery Court also approved that the remainder of the Company’s assets will be reserved for the payment of the Company’s ongoing liquidation expenses over the more than two years remaining in the Company’s dissolution process."

Maybe 2 years? maybe not. maybe some more payouts too. maybe not.

"The Company expects to analyze the estimates of its liquidation expenses on an ongoing basis, and determine whether further distributions of assets to its stockholders are appropriate at such times. The Company cannot currently determine whether any further distributions of assets to its stockholders will occur or the timing of any such distributions if one ever takes place. "

kittycattttt

04/09/10 2:02 AM

Post #896

Re: #895: @WOWSERZ - Why did firefly file So many form 4

http://bb.us.advfn.com/boards/read_msg.aspx?message_id=48732195

WOWSERZ

04/09/10 12:49 AM

Post #895

Re: #883: @ClarkKant - Well I believe the PR said they are

Why did firefly file So many form 4 and aquired shares at 75-76 cents then this happens ? Curious Tia

ClarkKant

04/08/10 4:36 PM

Post #894

Nice close, probably gap a bit in the AM, mostly all buys the last 2-3 hours. If you have profit I'd probably take it in the AM, hard to say where this thing is going and don't believe anyone who says they know.

kittycattttt

04/08/10 4:02 PM

Post #893

45s hittin hard, nice support if sellers dont kill...

ClarkKant

04/08/10 3:21 PM

Post #892

Re: #891: @$tockfather - LOL very sketchy shyt indeed!!! GLTY:)

Was a risk but paying off here for another round in SOAP.

$tockfather

04/08/10 3:09 PM

Post #891

Re: #890: @kittycattttt - Skechy shit...thats y i bought in @42's..livin on

LOL very sketchy shyt indeed!!! GLTY:)

kittycattttt

04/08/10 3:05 PM

Post #890

Re: #888: @$tockfather - Wow, i don't know what to do now.lol

Skechy shit...thats y i bought in @42's..livin on the edge lol

Crumbster

04/08/10 2:57 PM

Post #889

OK who dropped the soap?

$tockfather

04/08/10 1:50 PM

Post #888

Re: #887: @ClarkKant - don't look now but hitting .04's nicely now....accumulation

Wow, i don't know what to do now.lol

Lots of buys coming in now.....This can move real fast......Very thin.IMO

ClarkKant

04/08/10 1:46 PM

Post #887

Re: #886: @$tockfather - Yeah, I know! This is really risky/crazy to

don't look now but hitting .04's nicely now....accumulation in .03's.....don't expect a power run, but could see nice bump here...already underway it looks like.

$tockfather

04/08/10 1:40 PM

Post #886

Re: #884: @happymario - mervini ,i was also so stupid to buy

Yeah, I know! This is really risky/crazy to be in, but you never know what can happen with these plays.....Won't be holding for very long, hopefully it won't tank or stop trading soon.

$tockfather

04/08/10 1:36 PM

Post #885

Re: #883: @ClarkKant - Well I believe the PR said they are

Yep, that's why i jumped in:) I won't be holding too long, maybe a couple of days to see what she does.

GLTY

happymario

04/08/10 1:34 PM

Post #884

Re: #882: @$tockfather - So i guess this could just cease/stop trading

mervini ,i was also so stupid to buy this one ,20k av 0.050 but then i saw the news and thx to this board i got more info.I sold mine immediately with 30% loss and If I was you i'd sell too.

ClarkKant

04/08/10 1:32 PM

Post #883

Re: #882: @$tockfather - So i guess this could just cease/stop trading

Well I believe the PR said they are basically still liquidating. Double check to make sure, but i'm trading for free now. Sometimes with these when down so much, it will hit people's radars overnight and see abump in the AM. Seen it over and over again with Q's after they get the 'Q' label.

$tockfather

04/08/10 1:16 PM

Post #882

Re: #881: @ClarkKant - Doesn't really say, but I'd treat it as

So i guess this could just cease/stop trading at any given day then?

I'm in @ .039 but really not sure if i should hold this??

ClarkKant

04/08/10 1:02 PM

Post #881

Re: #880: @$tockfather - Do you know how long this will continue

Doesn't really say, but I'd treat it as a Q stock IMO.

$tockfather

04/08/10 12:53 PM

Post #880

Re: #879: @ClarkKant - Fundamental or not, nice volume of buyer's in

Do you know how long this will continue to trade???

ClarkKant

04/08/10 12:48 PM

Post #879

Fundamental or not, nice volume of buyer's in .03's range. I'm a buyer again @ .03.

$tockfather

04/08/10 12:05 PM

Post #878

Re: #876: @cantgetmyname - They paid out .76/ per share yesterday and

So how long can/will this continue to trade for??? TIA

ClarkKant

04/08/10 11:45 AM

Post #877

The bounce made me $2k today. Thanks SOAP!

cantgetmyname

04/08/10 11:16 AM

Post #876

Re: #875: @Caput - Anyone has any Info on what is going

They paid out .76/ per share yesterday and dissolved the company it looks like. Play the bounce if you have the cajones.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7146593

The Board of Directors of Soapstone Networks Inc. (the “ Company ”) has declared a liquidating distribution of $0.76 per share of the Company’s common stock, or $11.7 million in the aggregate. The Board of Directors declared this distribution after the Delaware Chancery Court granted the Company’s petition to approve this shareholder distribution pursuant to its Plan of Liquidation and Dissolution.

The Company will make this distribution on April 7, 2010 to all stockholders of record as of the close of business of July 31, 2009, including to the Depository Trust Company, which is the entity that holds the Company’s common stock for stockholders who own shares through a broker. As previously disclosed, the Company closed its stock record books on July 31, 2009, and the Board of Directors fixed July 31, 2009 as the record date for determining the Company stockholders who are entitled to receive any distributions of available assets.

In connection with the Company’s announcement of this liquidating distribution, FINRA established an “ex-date” of April 8, 2010. An “ex-date” is a date on which a security is traded without a previously declared dividend or distribution. As a result, the payment that the Company will remit to the Depository Trust Company on April 7, 2010, which pertains to the shares owned by investors in street name, will be distributed by the Depository Trust Company to eligible brokers to allocate to client accounts based on the ownership of the Company’s common stock as of the close of business on April 7, 2010.

This liquidating distribution represents a partial distribution of the funds remaining at the Company, which filed a certificate of dissolution with the Secretary of State of the State of Delaware on July 31, 2009. The Company’s petition with the Delaware Chancery Court also approved that the remainder of the Company’s assets will be reserved for the payment of the Company’s ongoing liquidation expenses over the more than two years remaining in the Company’s dissolution process. After this liquidating distribution, the Company’s assets will consist of $0.7 million of cash and cash equivalents. The Company expects to analyze the estimates of its liquidation expenses on an ongoing basis, and determine whether further distributions of assets to its stockholders are appropriate at such times. The Company cannot currently determine whether any further distributions of assets to its stockholders will occur or the timing of any such distributions if one ever takes place.