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CLSC, .43x.44 Unfreakingbelivable.
make that .045x.049.
NEET is on the move. Chart looks good. Bands pretty tight. They had PRs out about spin offs. Worth a shot. .04x.049.
AVSG, O/S 70M and look at those trades go through @ the ask. IMO, this one could really blow to the upside eventually. Huge volume over the past week on this stock. Some of the highest volume ever.
CLSC< now .49x.50. Its time for the move up. Bid support building. Good time for entry.
LRNN IMO the MMs are setting this up for a run. Was .015x.02, then on 44K shares, crep up to .025x.03 then they opened it at .025x.04. There were 2 MMs on the ask, now only 1.
After .04, is 1@ .05, 1 @ .06, 1 @ .07, 2 @ .08.
Could move pretty easily IMO.
Hi ammo. This dividend only applies to preferred shares, not common. Unfortunately, we are the common folk!
I love how they always post the .04 trades after the .05 trades. So typical.
ETCR, bid looks great. 3 on @ .085. Nice steady volume.
Shac, are those trades going through @ .04 on AVIG buys or sells? I can't tell from my end.
FDKP, loosing its steam and volume. Now .0275x.035. Mary if you are here, it didn't stay up for long.
I hear ya shac. Hasn't been noticed. Patsy, you were gone on Friday, and I don't know whether you even knew about this one.
Shac had done some DD and ound it to be worth .68/sh when the share price was .25. Now they have 17M in cash, which i I did my math equates to about .85/sh. Hugely undervalued. Read the PR and look who the buyer is. They trade on the London FTSE.
On Wednesday, a PR was issued. His timing was impeccable.
Wednesday May 30, 12:42 pm Eastern Time
Press Release
SOURCE: HemaSure Inc.
HemaSure Completes Sale of Company Assets to Whatman Bioscience Inc.
MARLBOROUGH, Mass., May 30 /PRNewswire/ -- HemaSure Inc. (OTC Bulletin Board: HMSR - news) announced that on May 29, 2001, it completed the sale of its assets, except for cash, cash equivalents and marketable securities, to Whatman Bioscience Inc., a Massachusetts corporation and a subsidiary of Whatman plc, an English corporation (London Stock Exchange: WHM), pursuant to the terms and conditions of an Asset Purchase Agreement, dated as of February 3, 2001 and amended on April 2, 2001. Whatman will retain the existing personnel of the Company. The transaction was approved by HemaSure's stockholders at a Special Meeting of Stockholders on May 21, 2001.
The consideration for the transaction consists of a $10 million payment which was paid at the closing and a reimbursement amount which effectively covers the net change in cash from the ongoing operations of the Company's business from November 1, 2000 through the Closing Date, which is expected to be paid in the Company's third quarter. A third component of consideration for the Company is a royalty amount of 4% on sales by Whatman Bioscience or their affiliates of filtration products using the Company's technology. The maximum aggregate amount of this potential royalty will be $12 million subject to certain reductions as described in the royalty agreement.
After receipt of the reimbursement amount, HemaSure is expected to have approximately $17 million in cash, cash equivalents and marketable securities before any potential future royalty payments and after the payment of all costs and expenses related to completing the transaction. The Company is considering various strategic business combinations and other transactions with a view toward further enhancing stockholder value.
Whatman plc
Whatman plc is an international leader in separation technology and focuses its business on specific segments of the analytical and healthcare markets. Whatman has over 20 business locations in ten countries and employs in excess of 1,000 people worldwide.
HemaSure Inc.
HemaSure Inc., based in Marlborough, Massachusetts, has used its technology to develop innovative filtration technologies designed to help meet today's increasing demand for a safer, more reliable blood supply.
Any statements contained herein that are not historical facts are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. These statements include, but are not limited to expected levels of cash, cash equivalents and marketable securities, the receipt of royalty payments and the completion of a strategic business combination. Information on the potential factors that could affect the Company's actual results of operations are included in its filings with the Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K for the fiscal year ended December 31, 2000.
SOURCE: HemaSure Inc.
CLSC holding up well today. Should turn back up shortly IMO. This one has a way of turning back up quickly. More buys than sells yesterday, but it was down. Was .80 a few days back. Don't see much more downside at this level. Now .46x.50. Level II doesn't show much resistance until near .60 right now.
Yep on ENVG. The PR out on Wednesday looked good. Contract value is worth 1/2 of its market cap. LOL
Thanks Patsy on posting about RACE being up. I saw the PR right after it was released, and exited quickly @ .23. Also posted and thank goodness ammo was able to get out with only a penny loss. The thing went down to .13 or so and gapped up huge this morning. I won't be buying any that's for sure. MRCH, JORE etc. have taught me a lesson. Got out of JORE before BK, but some didn't.
AVSG has absolutely stumpped me. 75% on Wednesday and 85% yesterday of all trades were at the ask. For the past week, the volume has been record breaking, yet it has a tough time climbing. I've read through the filings, and they have 70M in O/S, a small convertible debenture (nothing to be concerned about) and not much selling at all. Bid is very strong, but on the ask side, it looks like it is going to take a freight train to break even .02. I just don't get it. If you look @ the 3 month chart, it cycled between .03 and .10 a couple of times on much less volume.
The MMs have me stumped yet again.
HI eztradin. Congrats on ACLY. Wow, really moved well. ETCR IMO is still a good buy. Doesn't look like the MMs will able to shake it. Many are ready to grap more shares if they do. Don't expect news on the deal today. Fridays aren't good days for news. Sometime early next week IMO.
MIGR down as expected Patsy. Good job on your quick profit yesterday.
PSIX finally declares bankruptcy. Knew it was coming, just not when.
Friday June 1, 9:28 am Eastern Time
PSINet says files for Chapter 11 bankruptcy
ASHBURN, Va., June 1 (Reuters) - Internet access provider PSINet Inc. (OTC BB:PSIXE.OB - news) on Friday said it and several subsidiaries have filed for Chapter 11 bankruptcy protection because they were unable to keep up with the rapid decline in demand for its services.
The company, with cash assets of about $300 million, said in a statement that 24 of its U.S. subsidiaries are included in the Chapter 11 filing in U.S. Bankruptcy Court for the Southern District of New York.
Good morning Patsy. Wouldn't trust RACE. I sold @ .23 yesterday ater reading the PR. Very scary when you lose your unding and don't know if you'll find any. I'm stearing clear of these since this is usually the first before others ending in BK. If anyone was stuck in it, ride it as far as it will go, but don't get greedy. Breakeven would even be good IMO.
Hey shac. Missed ya in the afternoon. Didn't see you on any o the boards. AVIG just needs a little push IMO. ETCR still rolling along.
DCTG, vol today 346K, and 91% of that at the ask today. Not bad!
AVSG, Well, today we had 84% of the trading volume at the ask,8% at the bid, 3% below the bid, and 5% in between.
Would you call that accumulation? I would. LOL!
For this analysis, go to www.level2site.com, type in AVSG as the ticker, then use range and 9:30 to 16:00 as the time range. Pie chart will show the above.
Quite a nifty site. Hope some of you are able to use it for analysis after the market close. I use it all the time to determine whether there is a true selloff, or MMM. Most definitely MMM here.
Yesterday, the stock was down and there was 75% of the volume at the ask.
Thanks much. From the looks of it, ELAST will continue on with its allergy testing device and chiropractic outcome instrument, but the new co. will help them diversify into the internet arena, and thereby help with revenues. Is that the jist of what you are seeing?
Thanks for the phone #.
Hi Doctor. Haven't bought into ELTI yet, but it looks like it could be a winner. The LOI news today didn't provide much detail, but hopefully, more will be learned soon. As many, they seem strapped for cash, but the cash from the stock they issued should help them for awhile. Their share structure is still very good IMO. Thanks for creating the board here!
Thanks Patsy. I'll take a look. Also looking at ELTI. Had a PR today on an LOI. Also has some interesting technology in the development stage. Only 4.3M in the O/S. A little strapped on cash as many are. Issued 2.7M shares earlier in the year for these purposes. Another risk/reward scenario.
PR:
Thursday May 31, 7:01 am Eastern Time
Press Release
SOURCE: ELAST Technologies, Inc.
ELAST Technologies Has Entered Into Merger Discussions With PTS, Inc.
LAS VEGAS, May 31 /PRNewswire/ -- ELAST Technologies, Inc. (OTC Bulletin Board: ELTI - news) http://www.elast.com today announced it has entered into a Letter of Intent with PTS, Inc. and merger negotiations are ongoing.
PTS, Inc. is a Nevada corporation organized in 1999. PTS' focus has been the development of a global trading platform designed to facilitate everyday business transactions through the seamless integration of Internet technology. Through its pending joint venture with a Shanghai based information technology firm PTS expects to initiate its global business-to-business platform later this year.
ELAST is engaged in the development of two separate diagnostic tools: its allergy testing device and its chiropractic outcome-measuring instrument. The Electronic Allergo Sensitivity Test or the ELAST Device(TM) is a non-invasive medical tool that is being designed to accurately diagnose allergies, as well as food and chemical sensitivities. ELAST Technologies holds the patents, trademarks and legal rights to manufacture and sell and lease its electronic allergy-testing device and is making great strides in refining the prototype. ELAST's Bio-Potential Instrument can provide doctors of chiropractic with the means to measure the damage of vertebral subluxations, as well as the normalizing effect of chiropractic adjustments. ELAST plans initial delivery of its Bio-Potential Instrument shortly.
The merger is subject to final negotiation.
This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product development and consumer demand and acceptance, changes in technology, ability to raise capital, the availability of appropriate acquisition candidates and/or business partnerships, economic conditions, impact of competition and pricing, capacity and supply constraints or difficulties, government regulations and other risks. All such forward-looking statements, whether written or oral, and whether made by or on behalf of ELAST Technologies, Inc., are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, ELAST Technologies, Inc. disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.
SOURCE: ELAST Technologies, Inc.
Profile:
http://biz.yahoo.com/p/e/elti.ob.html
Good night Patsy. Enjoy yourself. Good day today. Don't have too many drinks or you won't be able to get up in the A.M.!!!
Daily List updates for the day. JBRD doing a R/S. Don't think it was posted until late. NACT and PAID are 2 on my watch list that will their 'E' removed. That is good news!
OTCBB SYSTEM CHANGES - 05/31/2001
OTCBB Daily List
Other-OTC / Portal Daily List
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:30 BAFI BancAffiliated Inc 05/31/2001
15:30 ECVN Encore Ventures Inc 06/01/2001
13:30 SSPDE** Surgical Safety Products Inc 06/01/2001 Reinstated; company is compliant with NASD Rule 6530
ANTICIPATED ADDITIONS
Updated Symbol Company Name
13:30 BAFI BancAffiliated Inc
15:30 ECVN Encore Ventures Inc
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:30 ANCOW** Anacomp Inc Wts 6/3/2001 06/01/2001 Expiring Security
13:30 IOTIE** Indexonly Technologies Inc 06/01/2001 Failure to comply with NASD Rule 6530
13:30 IVPN** Intelispan Inc 06/01/2001 Acquired by McLeodUSA Inc (.03055/sh MCLD)
SYMBOL CHANGES
Updated Date Old Symbol New Symbol Name
13:30 06/01/2001 BCDOE** BCDO Bank Coronado (CA)
13:30 06/01/2001 BCTLE** BCTL Bactrol Technologies Inc
13:30 06/01/2001 BHEME** BHEM Bank Hemet (California)
13:30 06/01/2001 DCDCE** DCDC Digital Creative Development Corporation
13:30 06/01/2001 ENCPE** ENCP Enercorp Inc
13:30 06/01/2001 FBSHE** FBSH FNB Bankshares
13:30 06/01/2001 FCCYE** FCCY 1st Constitution Bancorp (NJ)
13:30 06/01/2001 FMBRE** FMBR First Mountain Bank (Big Bear Lake)
13:30 06/01/2001 FWINE** FWIN Fenway International Inc
13:30 06/01/2001 FWSYE** FWSY First Western Bank (Simi Valley, CA)
13:30 06/01/2001 IEQCE** IEQC Institutional Equity Holdings Inc
13:30 06/01/2001 IGCOE** IGCO Intergold Corporation
13:30 06/01/2001 IRCEE** IRCE Interline Resources Corporation
13:30 06/01/2001 ITTVE** ITTV Interruption Television Inc
13:30 06/01/2001 JNMIE** JNMI JNS Marketing Inc New
13:30 06/01/2001 MBFCE** MBFC MountainBank Financial Corporation
13:30 06/01/2001 NACTE** NACT newagecities.com Inc
13:30 06/01/2001 NTMME** NTMM NT Media Corporation of CA
13:30 06/01/2001 PAIDE** PAID Sales Online Direct Inc
13:30 06/01/2001 PRLNE** PRLN Paracelsian Inc
13:30 06/01/2001 PSAXE** PSAX P S A Inc New
13:30 06/01/2001 SBNKE** SBNK Sonoma Valley Bancorporation
13:30 06/01/2001 SGFSE** SGFS Sunglobe Fiber Systems Corporation
13:30 06/01/2001 TDNTE** TDNT Trident Systems International
13:30 06/01/2001 WIZDE** WIZD Wizzard Software
NAME/SYMBOL CHANGES
Updated Date Old Symbol Old Name New Symbol New Name
13:30 06/01/2001 CCCS Coast National Bank CTBP Coast Bancorp
13:30 06/01/2001 CGSW** College Software Inc VEEI Victor Ebner Enterprises Inc
13:30 06/01/2001 INCE** Intercell Corporation IICP Intercell International Corporation (1-20 R/S)
15:30 06/01/2001 JBRD** J-Bird Music Group Ltd JBMG J-Bird Music Group Ltd New (1-40 R/S)
13:30 06/01/2001 RSMI** Royal Silver Mines Inc CDNR Cadence Resources Corporation (1-20 R/S)
--------------------------------------------------------------------------------
All Security Symbols appended with an "E" will be ineligible for quotation and subject to removal from the OTCBB in 30 calendar days (60 days if denoted with a plus sign "+") if the NASD does not receive information indicating that the company is current in its public reporting obligations pursuant to Rule 6530.
** indicates NSCC Eligible Security (National Securities Clearing Corporation)
Questions concerning OTCBB changes should be directed to: Market Data Integrity at (203)375-9609
But a buy drives the bid down. LOL! So many games, so little time. Gonna try and find a few more for us to look at. Good call on ENVG! Wish I'd caught MIGR, but oh well. Moved too fast. Could have just as easily fallen back. never chasing stocks doesn't always work, but usually does!
ENVG, up in after hours Patsy. LOL 1.25x1.50. Usually overexaggerated, but i the bid is up, it will usually gap open.
Will hold ENVG Patsy. Looks like a good mid term hold. Financials are improving,. It will get noticed. Low float and short position only help feed the fire.
IHTL, Patsy, shac posted this yesterday. Near its 52 week low and has solid bid support. We both nibbled.
NBRG, darn looks like it is taking off.
ACLY, congrats eztradin. Looks like its a shell now with a lot of cash. Is this correct?
Congrats Patsy. Looks like its time for LABN to start trending down again after getting to $2. I agree on MIGR. A lot of MOMOing on the news IMO.
ENVG, now they drop the ask after a trade @ 1.22? What kind of logic is that? None at all!
They dropped the bid on my fill. Made no sense at all!
Patsy, joined you on ENVG. Level II is phenominal. Based on their profile, they have really cut their losses as well. Good find!
AVIG people, .04x.045! Level II is building nicely. It's getting noticed. Not too late IMO.
MIGR looks great, but aint gonna chase it. I've been bit too many times!