CMTX

Comtex News Network, Inc.

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CMTX

Comtex News Network, Inc.

USOTC

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ustcer90

03/18/24 3:09 PM

Post #248

just checking.

flemsnopes Free

12/11/15 10:48 PM

Post #247

Re: #245: @limestone - Has anyone heard any news? 2050 shares traded

Given the time of year, it's more likely someone needed to balance gains on other stocks with a loss on this albatross for tax purposes. I'm just amazed there are that many shares still in the float.

flemsnopes Free

12/11/15 10:48 PM

Post #246

Re: #245: @limestone - Has anyone heard any news? 2050 shares traded

Given the time of year, it's more likely someone needed to balance gains on other stocks with a loss on this albatross for tax purposes. I'm just amazed there are that many shares still in the float.

limestone

12/11/15 11:23 AM

Post #245

Re: #244: @flemsnopes - Eleven shares at $15 on 11/11/15 after the

Has anyone heard any news? 2050 shares traded down $7.50 so far today after being dormant for years. This may be the capitulation by some on the inside or some bad news. I have nothing to report.

flemsnopes Free

11/21/15 9:38 AM

Post #244

Eleven shares at $15 on 11/11/15 after the eleven on 11/3/15 at 15.0001 I wonder if market makers are just bouncing these 11 shares back and forth for some reason.

flemsnopes Free

11/07/15 8:45 AM

Post #243

Eleven shares at 15.0001 on 11/3/15. I wonder how the calculate .0001 on 11 shares?

flemsnopes Free

10/11/15 8:56 PM

Post #242

Re: #241: @limestone - I see it a little differently. Any activity

I commend your enthusiasm, but I think the referenced trading was nothing more than someone giving up or possibly facing a margin call since the implied value based on the split adjusted price should be well above $200 per share. On the other hand, I still have a few shares myself, so I'm hoping you're right about pending good news.

limestone

10/09/15 12:49 PM

Post #241

Re: #240: @flemsnopes - It looks like someone capitulated yesterday. 466 shares

I see it a little differently. Any activity especially 466 shares traded when the stock has been dormant for years I see as a positive. I also recall that about this time last year I received their once a year "state of the company" letter from the CEO. I am looking for some positive news this time. Anyway those are my 8 shares shown in volume today. Bought 8 shares @ 18.49. A small purchase just in case something worth being optimistic about occurs soon.

flemsnopes Free

10/09/15 5:49 AM

Post #240

It looks like someone capitulated yesterday. 466 shares at 17-19.

flemsnopes Free

10/09/15 5:49 AM

Post #239

It looks like someone capitulated yesterday. 466 shares at 17-19.

flemsnopes Free

09/04/15 9:57 AM

Post #238

One share, one freaking share, at $25 yesterday. Epic!

flemsnopes Free

08/18/15 6:53 AM

Post #237

Re: #236: @limestone - I do not think this was fat fingers.

I definitely like your theory better.

limestone

08/17/15 9:49 PM

Post #236

Re: #235: @flemsnopes - Someone either got impatient or has fat fingers

I do not think this was fat fingers. Coincidentally over the weekend I heard a commercial on a local news station in NY 1010/ WINS. The commercial aired during the market/update business segment and it was for SmarTrend the trading, investment platform for Comtex. Of course this is the first ever commercial I have heard for a Comtex product. So either someone traded on hearing the commercial or someone who knows something is trading ahead of the curve. Interesting !!!!

flemsnopes Free

08/17/15 11:16 AM

Post #235

Someone either got impatient or has fat fingers - 15@ $145

peter forrest Free

07/17/15 12:32 PM

Post #234

Re: #233: @limestone - This will interest all. I live in NY

I was very impressed with your interest in Comtex and your effort to learn where this company is going.
My calculation is there are 15.794 shares outstanding - I cannot buy the stock at 25.00 a share. Without some financials I can not rationalize buying more at these higher prices . Some shares were bought in the last few years.Have several bids at 14.00 or less.
I remember selling some 7,000 shs @ 7 several years ago before the reverse split. Do you remember those days??
To summarize I am always interested in CMTX, however, I am expecting to continue holding my 3.00% for years.

so much appreciate your efforts to investigate this company.

limestone

07/17/15 11:48 AM

Post #233

Re: #232: @peter forrest - I AM BUYING AT 21.00 BUT HAVE NOT

This will interest all. I live in NY and was able to visit CEO Chip Brian in the Manhattan headquarters last September 2015. I met with Chip and one of his R&D experts. I have been a shareholder in this Company since the IPO in 1981 when it was called Comtex Scientific. I had met Mr. Brian on at least 2 other occasions in the past including the June 2010 reverse split/Go Private shareholder meeting in Virginia. To say the least I was not impressed at our September 2015 meeting. I pointed out at the time that the Comtex website was not functioning properly with no news updates as designed. He was "unaware" of that and would address it. He theorized that the lack of increase in revenue was a result of competition and client budget issues which has been the song for the last 8-10 years. He told me they had just recently opened a wealth management option for clients. They had a paltry 2.5 million. under management. I could not figure out how he can justify his salary year after year with a declining revenue stream. But just before I left he asked me how many shares I owned. I told him and he asked me if I would be willing to sell them back to the company. I told him NO. No point in selling now after all these years. I left knowing my shares would not be appreciating anytime soon. They were trading @ $2.50 at the time. I also was wondering about the last comment offer to buy back shares. In November 2015 he was replaced by C.W. Gilluly who I also met many years ago. He was the original CEO. Brian is still there on the Board. The main company website has gotten a complete makeover and SmarTrend website looks professional. With the stock trading sporadically there seems to be some interest. I have no idea who is buying or selling. But any activity is good after all these no/bad news years. The fiscal year just ended in June. We'll see in September with the meager annual update if the company is finally in turnaround mode. I am hoping for an acquisition or complete turnaround. Either way I am hanging on and will not be selling until I see a major appreciation in price or something definitive forthcoming.

peter forrest Free

07/13/15 10:14 AM

Post #232

I AM BUYING AT 21.00 BUT HAVE NOT BEEN INVOLVED THE LAST FEW DAYS.NOW SOMEONE IS BIDDING 25.00 A SHARE BUT NOT ME.

flemsnopes Free

07/11/15 5:33 PM

Post #231

Re: #230: @peter forrest - NO I BOUGHT 200 SHARES AT 21 IN

Are you involved in the buying or selling going on over the past few days?

peter forrest Free

06/13/15 11:32 AM

Post #230

NO I BOUGHT 200 SHARES AT 21 IN TWO TRADES - IT NOW SELLS FOR 40. I HAVE STANDING ORDER TO BUY 100 SHARES AT 12. SEVERAL ORDERS TO BUY BELOW THAT LEVEL.

THIS COMPANY IS A REAL SLEEPER. THEY DO NOT SEEM TO MAKE ANY MONEY. 16,000 SHARES OUTSTANDING. GUESS I OWN OVER 2.00% LOL

THANKS SO MUCH FOR POSTING. YOU ARE THE ONLY PERSON I KNOW TO HAVE AN INTEREST.

ARE YOU INTO ANY OTHER OBSCURE SITUATIONS.??? I AM MORE INVOLVED WITH REAL ESTATE. GO CMTX

ANOTHER INTEREST OF MINE IS QUOTEMEDIA QMCI ANOTHER 2.00%
BUT HERE WE HAVE OVER 2,000,000 SHARES 90,444,000 OUTSTANDNG

WRITE SOON.

flemsnopes Free

06/12/15 10:43 PM

Post #229

Re: #228: @peter forrest - THAT TRADE@ 21.00 WAS MINE . NEVER SOLD

Are you saying you sold 100 shares at 21? Someone is obviously interested in acquiring all the outstanding shares, but their timeline must be incredibly long. I always keep two shares on the ask at $200 just to keep my toe in the water in case the buyer gets tired of watching the grass grow.

peter forrest Free

06/11/15 11:07 AM

Post #228

THAT TRADE@ 21.00 WAS MINE . NEVER SOLD ANY SHARES SINCE THE PRICE WAS .35 BEFORE THE 1 FOR 1000 REVERSE SPLIT. WE HAD A 1200.00 A SHARE ASK FOR A LONG TIME AND NO TRADES

HAVE BEEN IN IT BEFORE THE CURRENT NAME THROUGH SOME KIND OF NAME CHANGE.. I DO RECEIVE PERIODIC UPDATES BUT NO FINANCIAL REPORTS.

APPRECIATE YOUR INTEREST.

flemsnopes Free

06/08/15 11:59 AM

Post #227

It looks like we can finally move the chain again, 100 shares at $21.00. There appear to be 100 more on the offer at $40.00.

flemsnopes Free

05/11/15 6:33 AM

Post #226

One share at $12.00 and two shares at $11.00 on 5/5/15.

flemsnopes Free

04/19/15 9:12 AM

Post #225

Five shares slipped through for $11.00 per share on 4/6/2015. Hopefully, it was a market maker adjustment rather than some hapless individual shareholder not paying attention.

flemsnopes Free

04/04/15 9:45 AM

Post #224

Re: #223: @Kenozwayz - I'm doing some research about this stock and

CMTX probably wouldn't have survived without the cost savings from discontinuing reporting.

Kenozwayz

03/29/15 11:26 PM

Post #223

Re: #222: @flemsnopes - The major risks are the extremely thin trading

I'm doing some research about this stock and all I can find are updates 5 years ago. Anyway, thank you also for the explanation.

flemsnopes Free

03/24/15 8:30 AM

Post #222

Re: #221: @Kenozwayz - What's the downside risk on CMTX?

The major risks are the extremely thin trading and lack of transparency. Since they no longer submit public reports of any type, there is no way for anyone but insiders to know anything about the value of CMTX except for the limited price discovery associated with the small and infrequent buys in the $175 range. I suspect someone on the inside is quietly cleaning up the outstanding shares presumably to go completely private at some point, but of course, this is purely speculation on my part.

Kenozwayz

03/24/15 4:08 AM

Post #221

What's the downside risk on CMTX?

flemsnopes Free

03/23/15 11:12 PM

Post #220

15 shares at $174.90 on 3/3/15, 2 shares at 174.90 on 3/20/15 and 11 shares at $175.00 on 3/23/15. Still no respect.

flemsnopes Free

03/02/15 8:06 AM

Post #219

No new activity since 1/2/15.

flemsnopes Free

01/02/15 9:25 PM

Post #218

Who is accumulating and why? That is the question. $7.50/share on Wednesday and $175/share on Friday.

flemsnopes Free

01/02/15 4:01 PM

Post #217

Three shares at 750.00/share today (1/2/15)

flemsnopes Free

01/02/15 6:40 AM

Post #216

Twenty-four shares at 7.50 on Dec 31.

flemsnopes Free

12/30/14 9:09 AM

Post #215

Two more shares at 7.50 on 12/26. Today and tomorrow, then loss write offs will be over for 2014. Ask still at $175.

flemsnopes Free

12/21/14 11:02 AM

Post #214

Since my last post 64 shares have traded at $7.50 per share. I hope the sellers are getting a nice tax write off.

flemsnopes Free

11/23/14 11:37 AM

Post #213

We had a one share trade at $10.00 on Friday. BID $10.00 ASK $175. Quite a spread.

flemsnopes Free

11/20/14 8:39 AM

Post #212

The current ask is $185.00, but the tax loss selling season is almost upon us and if there are still weak shares out there we may see selling at a lower level. All in all, there appears to be some accumulation going on and the buyer, or buyers, got most of the shares at less than $3.00 before coughing up $175 and $185 per share for 31 shares. While everything is a mystery at this point, there is at least a basis for speculation there's something interesting coming for CMTX holders.

flemsnopes Free

11/20/14 8:33 AM

Post #211

Based on the historical data from here on IH, these are the stock transactions over the past 12 months:
150 shares at <$ 3.00
3 shares at $ 10.00
27 shares at $175.00
4 shares at $185.00

The transactions at 175 and 185 are all in the last 30 days.

flemsnopes Free

11/19/14 7:08 PM

Post #210

Okay, sorry, one more thing. IH does show the historical data under "detailed quote" that the stock closed at $185 on 10/29 and subsequent $175 closes up until today. Then we have today at $10 and three shares, but no reference percentage wise to the previous close at $175. Your guess is as good as mine.

flemsnopes Free

11/19/14 6:43 PM

Post #209

One last point, the FINRA site appears to have gone through some major changes in the last few days, which may account for today's ending quote for CMTX, but the ending price was only $10 which would not qualify at only 3 shares. It should be interesting to see what happens next.

flemsnopes Free

11/19/14 6:38 PM

Post #208

It looks like FINRA did make some changes to the quotation tier structure and the best I can tell $175 is the break point for a minimum quote size of 1, but the change took place on November 5, 2012! So why didn't the $175 transactions of the last few weeks show up? (there was actually a sale at $185 as well) See the link below and go to the bottom of the page for the pertinent information.

http://www.finra.org/industry/compliance/markettransparency/otcbb/announcements/p191006

flemsnopes Free

11/19/14 5:46 PM

Post #207

Somehow the stock exchange reporting has changed and the sale at $10 has been set as the close today even though the volume was only 3 shares. I sold one share at $175 a few weeks ago which was not reported at all because, up until today, only lots of 100 shares or more were recorded as a closing price per the rules. If this is not an oversight, CMTX may now show up on radar screens of day traders looking for stocks with large percentage gains at the close - such as today's 400%

flemsnopes Free

11/19/14 5:36 PM

Post #206

Re: #205: @eddy2 - https://www.youtube.com/watch?v=oJVv5kjOJhU

eddy2, why are you posting completely irrelevant and unrelated links here? Are you playing some type of joke? If so, you need to explain what is so funny.

eddy2

11/15/14 12:36 PM

Post #205

eddy2

11/13/14 11:00 AM

Post #204

http://www.sice.oas.org/trade/nafta/chap-111.asp

eddy2

11/10/14 3:22 PM

Post #203

http://philipstead.files.wordpress.com/2012/06/bear-cover1.jpeg

If I may I will tell you a story a sad one but a story never the less. I knew a firemen in Vancouver Canada who told me this story it was a Sunday evening late November in a down town $10.00 a night hotel with the washroom down the hall that he got a call out too.

The gentlemen was in his late fifty's and had been drinking heavy for years on the account of an investment that he assumed went bad for him. His family had cast him aside due to his drinking as well his addiction to gambling and on that faithful night his live caught up with him and he died of heart failure.

The story didn't end there, when his next of kin came to collect his belongings they found old stock certificates he had hung onto. Because of his moving about and changing his address's he never registered the shares to any of the new address's and due too being a Canadian and the stocks were owned by a American company loaned to this fellow of mention who died that faithful night in May under the cold Canadian winter night there was no way for the company to contact this fellow nor did they know that he was in dire straights and could of used the money that he had put away sometime ago thinking that it was worthless to him.

The morale of the story here is keep your affairs in order. Don't let things get you down that investing is a long term goal and something one must keep at.

The fellow of mention had bought a company trading in the micro pennies were he had held ten million shares that were well worth over a million dollars some thirty years later on the day of his death not knowing and living in the depths of despair.

eddy2

11/07/14 3:32 PM

Post #202

http://www4.hrsdc.gc.ca/d.4m.1.3n@-eng.jsp?did=5

Only 54% of Canadians know this is a good deal and divide that by all the other good deals out there and every one is missing the boat here.

eddy2

11/07/14 10:32 AM

Post #201

http://www.robinhoodassoc.com/content/1/WelcomeToRobinHood

Please don't forget to give back what we have given you here today.

eddy2

11/07/14 10:29 AM

Post #200

I taught you well young grass hopper, Good Work. Go out and spread the news that others who didn't have opportunity for the Harvard Education can play as well as a pitcher and not as the runner trying to get back to home base.

eddy2

11/07/14 10:23 AM

Post #199

They will try to shake the tree of early investors to allow investors who came in at the initial forward split to take advantage of lower share prices while the company puts away its allowed depreciated assets in capital surplus for a later earning release too boast the ROI number later on down the road.

Older

Comtex News Network, Inc. (CMTX)

Followers	5	Posters	21
Posts (Today)	0	Posts (Total)	248
Created	01/30/08	Type	Free
Moderators

Comtex News Network, Inc. is a wholesaler of real-time news and related content for major financial and business information distributors. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines, filters and distributes news and content received from more than 10,000 national and international news bureaus, agencies and publications. The three main product lines produced and distributed by it are: CustomWires(r) - subject-specific newswires compiled from national and international news bureaus, agencies and publications. Presented in a variety of subject combinations, including energy, finance, international and public company information, CustomWires(r) enable distributors to receive news relevant to their target markets; Comtex TopNews - editorially selected top news stories of the day. A range of news story options, including financial markets, vertical markets, general market and world news; and Publisher Full Feeds - delivery from a specific publisher that provides distributors with the complete content offering from that publisher. Comtex has three categories of customers: Co-Brands - Distributors who host financial and business oriented websites on behalf of large financial institutions and major corporations. Distributors electronically query Comtex computers every few seconds to retrieve and use Comtex news content to service their co-brand partners; Databases - These clients have enormous repositories of information; their end-users log on to these systems, conduct complex searches, and are charged for usage. The database accounts also electronically query Comtex computers every few seconds to download Comtex data into their databases; and Per Seat/Enterprise Applications - These clients market to professional investors - either individuals or institutions. Real-time news and information are paramount, so these clients typically use dedicated technology methods to electronically push Comtex data to customers' computer systems on a continual basis. The Company uses a proprietary real-time content processing system designed to process and enhance real-time data. Its competition includes integrators and distributors of news and related content, national and international electronic news and information services, and traditional content providers seeking direct relationships with distributors. At June 30, 2006, Comtex had approximately 25 full-time employees

Website

http://www.comtex.com/

Notice of Special Meeting of Stockholders

June 2, 2010

TO THE STOCKHOLDERS:

NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders (the “Special Meeting”) of Comtex News Network, Inc., a Delaware corporation (the “Company” or “Comtex”), is scheduled to be held on June 2, 2010 at 11:00 a.m. (Eastern Time), at the Sheraton National Hotel, 900 South Orme Street, Arlington, Virginia 22204 for the following purposes:

To elect two directors to serve for a term expiring in 2013 and until their successors are duly elected and qualified;

To approve an amendment to the Company’s Certificate of Incorporation which would effect a reverse stock split pursuant to which each 1,000 shares of the Company’s outstanding Common Stock, par value $0.01 (“Common Stock”), will be converted into one share of Common Stock (with stockholders owning less than one share of Common Stock after giving effect to the reverse stock split receiving a cash payment of $0.29 per pre-split share) (the “Reverse Stock Split”);

To approve an amendment to the Company’s Certificate of Incorporation which would permit actions of the Company’s stockholders to be taken by written consent;

To ratify the appointment of Turner, Stone & Co. LLP as independent auditors for the Company for fiscal year 2010; and

To transact such other business as may properly come before the meeting and any adjournment thereof.

Only stockholders of record at the close of business on April 6, 2010 are entitled to notice of, and to vote at, the Special Meeting and any adjournment thereof. All stockholders are cordially invited to attend the Special Meeting in person. However, to assure your representation at the meeting, you are urged to download, complete, sign and date the proxy card and vote it promptly. Stockholders who have submitted a proxy card may revoke their proxy in writing, or by attending the meeting and voting in person.

Comtex is making the proxy materials available to its stockholders on the Internet on April 16, 2010. You may read, print and download the Company’s 2009 Annual Report on Form 10K and the Proxy Statement at http://www.amstock.com/proxyservices/viewmaterial/asp?conumber=01486 . On April 16, 2010, the Company will mail a notice to its stockholders containing instructions on how to access the proxy materials online. In addition, ten days after mailing such notice, the Company will mail a proxy card and voting instructions to stockholders for voting their shares. On an ongoing basis, stockholders may request to receive proxy materials in printed form by mail or electronically by e-mail.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of this Proxy Statement or the transactions described in this Proxy Statement, passed upon the merits or fairness of the transactions described in this Proxy Statement, or passed upon the adequacy or accuracy of the disclosure in this Proxy Statement. Any representation to the contrary is a criminal offense.