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WW, with the SEC out of the way, a lot of doors opened up.
In the words of Joe Biden: "This is a BFD".
"it is a sad day for investors! "
I thought the US had a system based on innocent until proven guilty. I have heard there are European countries that have a hard time with that concept. It seems you do too.
If you have or had anything on Leinwand to incriminate him with evidence that could lead to a conviction you should have come out with it. I would and will back you 100%. Otherwise what you are doing is slander and bearing false witness.
Those negative on Sanswire seem to be getting a tad upset over this news and posting rather absurd statements. Really though, nothing new with that.
I said I would buy more when the sec issue was resolved. I am not waiting around in line for any of you to get ahead of me. :>)
S&P Raises Sirius On Earnings, Debt Improvement, Stern Contract
Last update: 12/10/2010 3:26:40 PM
DOW JONES NEWSWIRES
Standard & Poor's Ratings Services upgraded Sirius XM Radio Inc. (SIRI) a notch closer to investment-grade territory, citing earnings generation, high-but-improved leverage levels and "shock jock" Howard Stern's renewed contract.
The ratings agency noted many of the improvements that drove the country's only major satellite-radio company to swing to a profit in its most recent quarterly results. In the third quarter, Sirius outperformed expectations for a break-even bottom line as subscribers grew and it held tight reins on costs, after the prior-year period was stung by a loss from debt payments.
In addition to the subscriber growth and cost controls, S&P said the upgrade was also the result of strategic price increases and improvement in leverage. Though S&P conceded debt levels are still high, analyst Hal Diamond predicted credit improvement would continue through this year and the next.
S&P raised its rating on Sirius XM to BB-, still three steps below investment grade. The outlook is stable.
In addition, Sirius announced another five-year agreement with radio talk-show host Stern earlier this week. Despite what S&P called "onerous contract costs," the agency said it believed the alternative of losing the controversial DJ would have likely caused subscriber cancellations to increase, perhaps dramatically.
Sirius posted a string of losses last year and struggled under debt from its 2008 merger with XM, needing a cash infusion from Liberty Media Corp. (LMCB) to pull it from the verge of bankruptcy.
Shares were flat at $1.39 in recent trading, but the stock has more than doubled since the beginning of the year.
4th quarter numbers is my guess. I expect them to be very good.
"The question is what's going to be the spark that starts the run."
Depending on the contract, an individual investor could easily dump 2.5 million shares in one day.
No product revenue for years? I do not agree with your assessment of the production time line with a contract.
Fraudulent revenues were from previous admin who are now in the system, pay attention.
Sanswire can be wildly successful in the beginning with contracts from it's smaller airships alone.
volume is already 20 million, and we have time left before the open. Big day here, and very welcome.
Now about that gap up this morning...........
Maybe if you had listened to Clark you would have heard the reference as well. He did mention it.
TDA has told me that I could only enter whole numbers, no half cents or fractions after a similar incident.
TDA has the 10 day average in the same area. Very interesting accumulation going on.
Stocks do not normally trade near their daily volume at the ask in the first 5 minutes of trading unless something was going on.
Anybody see anything launched this morning?
Whatever the reason, very nice start to the day and end of the week. Hope the day ends on such a good note.
No that has not been said, the caliber and credentials of these guys is way beyond anything that has come before. Your attempts to discredit them are lame at best. Maybe you should study up on them, because it is obvious you have not.
Scams are done by people, the people that scammed you are gone. New people are running Sanswire that are among some of the best out there.
Sorry you are so blind you cannot see the simplicity of it.
Why do you continue to post false statements?
"No company has ever put out an 8-k pre announcing the settlement amount with the SEC."
It was an "offer of settlement", two different things.
Probably not, excellent point to be brought up in speeches or by any direct sales efforts though.
The PR I'm waiting for with extreme anticipation is a complete SEC resolution.
Which brings us to a subject I have tried to approach before: cost comparison. In an age of cost cutting, Sanswire's airship will be able to provide much more cost effective surveillance than Globelhawk or Predator, used in tandem with them will provide a synergy at the same time as reducing costs. Perfect timing to come on the scene of today's budget slashing.
From another article;
Sky Snake UAV Set
To Make U.S. Debut
Topping the list as the most unique unmanned aerial vehicle (UAV) is the
STS-111 SkySat from Fort Lauderdale, Fla.-based Sanswire. The 126-foot-long,
lighter-than-air UAV designed for intelligence, surveillance, and reconnaissance
(ISR) missions at altitudes between 30,000 feet and 45,000 feet features a proprietary
teardrop design that incorporates five independent gas cells housed in a
specialized envelope of rip-top nylon.
The STS-111, a joint development between Sanswire and TAO technologies
GmbH, Stuttgart, Germany, can fly almost 40 mph and can stay aloft for three
days. Sanswire claims the UAV’s flight duration exceeds anything on the market
because of its design. The company says it costs about $3 million to purchase one
and about $50 an hour to operate, compared with a Predator that costs between
$12 million and $18 million and around $2,000 or more an hour to operate.
The STS-111’s snake-like flexible design lets it handle cross winds in a way
that it bleeds off the energy of wind gusts, enabling the craft to stay on course
better—or in the case of persistent loitering for
military or border patrol applications, hold its
place more efficiently than other lighter-than-air
vehicles. The first STS-111 arrived in the United
States from Germany in June 2010 and is being
fitted with ISR sensors
and related equipment by
Easton, Md., engineering
firm Eastcor, a DoD-qualified
prime contractor,
after which the company
says it will be ready to
demonstrate the UAV’s
capabilities to potential
customers
Could be, it certainly is a coup, I'm wondering to who we give credit for this, Time Magazine for being attentive and discerning or new management for bringing it to Time's attention or is it a natural progression of years of work?
The 50 best inventions of 2010, STS-111 makes the list.
http://www.google.com/url?sa=D&q=http://www.time.com/time/specials/packages/article/0,28804,2029497_2030629_2029810,00.html&usg=AFQjCNFolCFo_fC8yyAhidSCpP7YlUHutg
Sanswire Corp. Announces Third Quarter 2010 Financial Results
AVENTURA, FL--(Marketwire - 11/12/10) - Sanswire Corp. (OTC.BB:SNSR) today announced unaudited financial results for its third quarter ended September 30, 2010.
For the quarter ended September 30, 2010, the Company reported a net loss of $2.9 million, or $0.01 per share, an increase of 96% compared to $1.5 million, or $0.01 per share, for the quarter ended September 30, 2009. The net loss for the quarter ended September 30, 2010 is primarily due to increased operating expenses, resulting from an increase in research and development expense due to the charge off of previously recognized work in process related to the Company's Sanswire-Tao joint venture. The net loss also resulted from a non-cash charge for the change in the fair value of derivative financial instruments.
The Company's total assets at September 30, 2010 were $1.6 million compared to $3.7 million at December 31, 2009, a decrease of 56%, primarily as a result of a decrease in inventories. The decreased inventories resulted from the Company's determination that the work in process related to the Company's airship should be charged as research and development expense. This determination was caused by the Company's decision not to sell its prototype airship but rather to use it to engage in further research and development for purposes of completing necessary flight testing, demonstrations and data gathering required to further develop and sell next generation airships. A decrease in intangible assets resulting from amortization also contributed to the decrease in total assets. Due largely to the factors discussed above, the Company's stockholder deficit increased to $142.4 million at September 30, 2010 from $134.7 million at December 31, 2009.
Highlights from the Company's recent operations include:
* The completion of construction and outfitting of a newly built, Company owned, 172,000 cubic foot hangar facility in Easton, Maryland to house our STS-111 and SkySat autonomous lighter-than-air (LTA) unmanned aerial vehicles (UAVs) during continued develop, testing, demonstrations and integration of systems and payloads.
* The initiation of the integration with our technical partner, Eastcor Engineering, of systems, payloads and specialized intelligence, surveillance and reconnaissance (ISR) related electronic systems, advanced avionics packages and telemetry solutions provided to the Company by a defense based systems integrator collaborating with the Company, into a newly designed payload bay on the STS-111 LTA UAV.
* The completion of initial U.S. based test flights of the Company's STS-111 LTA UAV using a newly developed sensor electronics pod and an internal gas bag arrangement under flight tower control provided by Easton Airport in Easton, Maryland.
* The sponsorship of the High Altitude and Near Space Conference in Colorado Springs, Colorado, an industry leading forum focused on the rapid development and growth of the near space market supported by major government related and commercial entities. Michael Clark, our Chairman of the Board, gave the keynote address to open the conference and the Company was able to showcase its technology roadmap in the near space market.
* The submission of an offer of settlement to the Securities and Exchange Commission (SEC) to potentially resolve the SEC's outstanding lawsuit against the Company, upon which the Company is currently awaiting approval from the SEC, based in part on a $300,000 payment to the SEC ($250,000 of which was provided to the Company by its Chairman of the Board and which is currently in escrow).
* The hiring of a new Vice President, General Counsel and Secretary of the Company, who was a former partner in several large law firms in Boston, Massachusetts and who has extensive expertise in public company reporting, operations, corporate governance, control procedures and ethics, to work with the Company's Board of Directors and senior management team.
Glenn Estrella, President and Chief Executive Officer of Sanswire, said, "While we continue to report a net loss for the third quarter and need to work to strengthen our balance sheet, I am pleased with the progress the Company has made. We have made significant strides in the development, testing and integration of systems and ISR payloads on our UAV airships. We are primarily focused on the development and commercialization of our airships as well as the strengthening of our corporate organization and controls in an effort to move the Company toward a stronger operational and financial position."
Chairman Michael K. Clark added, "We are beginning to see results from the Company's efforts to implement the necessary changes and improvements in the Company's infrastructure and operations in order to execute on our strategy to provide our shareholders value through further product development and proactive corporate responsibility."
http://sanswire.ir.stockpr.com/company-news/detail/623
Was it Clark that mentioned Israel in the conference video? Elisra may be another party of interest.
$ observations: Predator, $130,000 per day, Sanswire $16,500.
Globalhawk, $715,000 per day.
Government looking to reduce costs in a big way means? I'll let you folks draw your own conclusions.
From Clarks slides at about 8:25 into video. Do I have these numbers right? Did this kind of fast.
The people in attendance know what these costs are and Clark isn't going to present false numbers to them so I am going to give these numbers credibility.
"Clark clearly knows little about the industry. It just reaffirms he's here for the money, and getting the money does not necessarily mean shipping a product in volume, with profit."
You are kidding, right? Or are you just ignorant as to how much money he has made and can make in other ventures similar to what he has already done? If he is here for the money then we are looking at making money right along with him because for him to make what he is used to making in the past can only come from contracts and/or eventual sale of the company.
You guys! What kidders! LOL
Although his attitude about working with China seemed very iffy.
I did like the terminology about the "stress testing" to 20k to 25k feet. They are not shy about pushing limits during testing.
Michael Clark, the Sanswire chairman.
The conference video, rwehapi2003 posted.
http://haans.rmtech.org/
Tested to 20k. 29:30 and 41:15 from conference video.
$1.55 AH. Not that it means that much but it still looks great going into the weekend! I have a good feeling about next week.
Unreal dump!
did Howie back out or something?
$1.64 printed? do I believe my eyes? $1.61 now?!
Been a long time.
$1.60 in either AH or PM.
How are the chartists feeling today? This has to look good.
You're welcome, seems certain poster types need to be reminded that this company is making progress. Few broad jumps are going to happen, (the SEC resolution will be a broad jump), simple steps one at a time. It must really chaff some to see this company not go away like they have been predicting for years. A certain desperation is showing in the negative posts.
Sanswire Completes Initial US Based Flights of STS-111 UAV
Sanswire's Defense Partner's Provide State of the Art ISR Camera and Related Equipment
More
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Published on ASDNews: Oct 28, 2010
Enlarge image - Sanswire Completes Initial US Based Flights of STS-111 UAV
enlarge image click to enlarge
Aventura, FL - Sanswire Corporation (OTCBB: SNSR), a developer and producer of unmanned aerial vehicles (UAV) and related technologies, today announced that the company has completed initial U.S. based test flights of the STS-111 UAV under flight tower control provided by Easton Airport, in Easton MD.
The flight was a further assessment of the STS-111 using a newly developed sensor electronics pod and an internal gas bag arrangement. The STS-111's maiden U.S. flight took place with ground support adjacent to the company's newly constructed hangar facility located on the grounds of Easton Airport where the company and its partner Eastcor Engineering are working on the STS-111 and SkySat UAVs.
Furthermore, a defense based systems integrator, currently collaborating with Sanswire on the STS-111 UAV program, has provided specialized ISR related electronic systems, advanced avionics packages, and telemetry solutions to Sanswire for integration into the STS-111's newly integrated payload bay. Following additional systems checks and flight tests, the partners will commence integration of the specialized systems into the payload bay and commence flight tests with the goal of operating at 10,000 - 15,000 ft through the
control of a certified UAV ground control station. Further flights are planned at Easton airport while additional flight testing in other controlled airspace will follow with each flight serving to demonstrate and extend the capabilities of the STS-111.
Glenn Estrella, CEO of Sanswire stated: "We continue to make substantial progress with the STS-111 airship and advance the program closer to hosting customer demonstrations. The platform has performed to the initial specifications we set out for, and we will continue to pursue our ultimate goal of producing a stratospheric platform to serve a number of surveillance needs. We are pleased with the support we have received from our various partners and are eager to collaborate further, so the delivery of our combined solutions to customers is significantly enhanced".
Source : Sanswire Corp.
A few million shares eaten up in the final seconds of the close. Nice.
Bunch of news on note offerings and purchases. No details yet.
NEW YORK, Oct. 27 /PRNewswire-FirstCall/ -- XM Satellite Radio Inc. ("XM"), a subsidiary of SIRIUS XM Radio (Nasdaq:SIRI - News), today announced the closing of its previously announced offering of $700 million aggregate principal amount of 7.625% Senior Notes due 2018 (the "7.625% Notes").
more..News for 'SIRI' - (*DJ XM Satellite Radio: Amendments Eliminate Most Of Restrictive Covenants)
Anybody think that dive to $1.24 was aimed to take out stops and grab shares? A sign of accumulation?
I think financials will show improvement, but will wait as well.
This is what I would expect if Howard announced he's not signing, although more realistically this is probably technical driven like some have warned.
I've got powder but too spooked to buy.