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.
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.
I just bought 1000 shares and it happened in a few seconds
Ithink I start to understand;
I am curious where they are going to find the 15k.
I hope they know it themselves at this moment
Thanks Jmack
It is hard reading for me and not easy to understand but I am trying hard
ok but this cleaning up will have a dillutive effect I suppose?
All this is great news;
As a retired accountant (and of course interested shareholder) I am intrigued by the question how much shares TXPO shareholders will get out of this newly formed company; TXPO has bright opportunities but a lousy financial situation with negative results and cash flow . I have not seen figures from CIG but I read they are profitable and cahflow positive ??? and do not have this Cornell history?
CIG must see a gigantic opportunity to join forces and give up a healthy financial situation and let s hope have TXPO shareholders profit from half of the positive effects of the merger; Probably TXPO will have to clean up first but that will have a dilutive effect on us or am I mistaken?
I would like to have your comments?
TXPO will issue a number of shares to a capital provider who will raise 15 million usd;
The price of the shares will be determined based on the EBITDA in the 4th quarter 2009 but in any case not lower than 0,10usd; In the worst case scenario this would mean 150 million of shares;
Could this be the reason for the lack of enthusiasm today?
it takes a bit longer but I just bought 100 shares to find out whether it was possible The transaction went through but it took some time
Price Size Exch Time
0.33 5000 OBB 12:49:09
0.35 100 OBB 10:27:37
0.20 2000 OBB 10:21:43
0.20 2000 OBB 10:21:32
0.35 1700 OBB 09:36:19
0.35 1000 OBB 09:30:28
0.35 5000 OBB 09:30:23
These are the transactions which went through;
How strong is TXPO in this merger; This will be decisive in the determination of the number of the total shares in the new company that will go to the shareholders of TXPO; How do you value TXPO at this moment as it is a loss making company. and how is the other company valued?
Will it be based on turnover? Is the other company profitable? Is their equity positive?
Anyway , excellent news after the deception of the YA deals before
indeed good news;
Why is there no effect on the SP?
Revenue increase does suggest that ONT´s are not really taking off and loss is disastrous for shareholders equity;
How can this be viewed as positive?
jmack , I am glad you are back
I thought you had given up?
I would think on or before August 11
I believe most posters are dissappointed thatt Cornell is going to control this company and they are waiting for further news.
We did pass on your Thanks to John.
As I am sure you appreciate, there is nothing better we can do to protect shareholders than to continue to work hard and make the company healthy and profitable. We are not aware of any concerted effort on the part of a few to take advantage of current prices. We will of course be mindful of our responsibilities to our shareholders, should any transactions present themselves to us.
Best Regards,
Marie-Annick Riel
General Manager - Avensys Solutions
Avensys Inc.
400 Montpellier Blvd
Saint-Laurent, Qc
H4N 2G7
email mariel@avensys.com
I agree with your analysis, but I notice a lot of companies in Europe with excellent cashflows of whom the stock prices have been hammered;
Also OTCB companies with bright prospects do not find easy financing and have to turn to the Cornell's kind of finance;
Avensys comes out of the dead and is getting cash positive with good prospects and has never been so low in share price;
I agree with your analysis, but I notice a lot of companies in Europe with excellent cashflows of whom the stock prices have been hammered;
Also OTCB companies with bright prospects do not find easy financing and have to turn to the Cornell's kind of finance;
Avensys comes out of the dead and is getting cash positive with good prospects and has never been so low in share price;
Very little news here. The present market conditions are not in favour of anything moving to the upside;
Look at my favourite share Avensys (AVNY) The CEO is giving an overview of his performance over the last three years and the outlook is excellent but nothing moves?
I guess it will only move up if the credit crisis is finished , and that is not this year;
I would like some readers of this board to comment on this letter from the president;
This guy is doing what he promised and nothing happens?
Is this otcb dead ?
July 7th, 2008
Message from President and CEO of Avensys Corporation
Update to shareholders
As I approach the end of my third year as your CEO at Avensys Corporation (Avensys), I want to reflect on the progress we have made over the past 3 years and to present to you what we see ahead.
When I first wrote to you in October 2005, we had three operating subsidiaries – Avensys Inc., Chartrand Laframboise Inc. (CLI), and C-Chip Technologies (North America) Inc. Our revenue for the fiscal year ended, June 30, 2005 was $5 million and our operating losses were high. Our debt was expensive and highly dilutive. We had autonomous management teams at each of the subsidiaries, and a small cadre of staff at the holding company.
Our strategy has been to:
• Focus the business on Avensys Inc. where we believe future sustainability and profitability lies, and grow that business aggressively.
• Stabilize our balance sheet and stop diluting our shareholders
• Build one management team and dramatically reduce overhead
Today we have one operating subsidiary, Avensys Inc., with two operating divisions:
• Avensys Technologies designs, manufactures, distributes, and markets worldwide high reliability optical components and modules as well as Fiber Bragg Gratings for the telecom market and high power devices and sub-assemblies for fiber lasers to the industrial market.
• Avensys Solutions is an industry leader in providing instrumentation and integrated solutions for the monitoring of industrial processes and environmental surveillance applications for air, water and soil in the Canadian marketplace.
Our current annual run rate for revenues is approximately $30 million, split evenly between the two divisions. We have one strategic financial investor, Imperium Partners, and a debt structure designed to provide management with the time to focus on building and operating the business. We have one management team and our public company operating costs have been reduced by two thirds. Despite the Canadian dollar appreciating by about 20%, from an average of 0.8255 in 2005 to 0.9929 in 2008, we are starting to show positive EBITDA and operating cash flow numbers on a quarterly basis. CAGR for revenues over the past 3 years was 59%.
Milestones in the implementation of our strategy over the past 3 years are:
• In February 2006, Avensys sold Chartrand Laframboise Inc., a security investigation firm, to a leading player in the security services business.
• In April 2006, Avensys acquired the assets of ITF Optical Technologies Inc. (ITF), a designer and manufacturer of advanced photonic solutions based on proprietary all-fiber technology, and together with the preferred shareholders of ITF created ITF Laboratories, a R&D organization.
• In August 2006, Avensys concluded a private placement for $3.6 million with accredited and institutional investors through the issuance of Series B convertible debenture.
• In December 2006, C-Chip Technologies entered into a technology license agreement with a technology partner. Subsequently, the agreement between C-Chip and its partner was terminated, effective December 2007, and C-Chip’s outstanding loan was forgiven. The C-Chip business was discontinued.
• In July 2007, Avensys entered into a strategic financial partnership with Imperium Partners in New York. In addition to the redemption of the Series B convertible debenture issued in August 2006, this capital restructuring provided Avensys with additional working capital and credit facilities to fund future growth and expansion.
• In March 2008, Avensys acquired the operations of Willer Engineering Limited, a privately-owned Toronto-based company providing industrial process measurement and Continuous Emission Monitoring (CEM) instrumentation solutions to the Eastern Canada industrial marketplace.
Throughout this period we have announced numerous product and market developments. Our Avensys Technologies division announced the qualification of our high powered pump laser combiner for the industrial laser market, the launch of a new miniature differential phase shift keying (DPSK) demodulator for the telecom market, record shipments of Fiber Bragg Gratings, new distributorships throughout the world for our line of optical components, and significant growth in the undersea telecom market. Avensys Solutions announced the sale of 125 ISCO flow meters for a the largest Inflow and Infiltration study in Canadian history to be carried out by Earth Tech Canada for the Regional Municipality of York wastewater system. Avensys Solutions continued to add several new product lines from leading suppliers around the world to its product lines and has steadily increased its presence as a value-add supplier of integrated monitoring solutions.
Looking ahead, I am excited by our prospects. Our vision is clear. Following the Willer acquisition, Avensys Solutions, the environmental and process measurement division, was able to quickly realize the planned costs savings associated with operational synergies and increase its order backlog for integrated solutions. The Willer team’s expertise takes us up the value chain thus creating opportunities to generate higher gross margins. The sales force has been integrated and early signs are very encouraging. We hope this newly merged division will take advantage of the growth associated with tighter control of industrial emissions and greenhouse effect gases.
At Avensys Technologies, the future is equally exciting. Fiber Laser is a disruptive technology in the industrial laser market. At present, we manufacture combiners for mid and high powered fiber lasers and plan to manufacture optical engines for lower powered fiber lasers. Growth rates should be in excess of 50%, bearing in mind that these components currently comprise approximately 20% of our optical business. In the telecommunications market, we currently make components (demodulators) for the new hi-speed transmission 40Gbs systems. We believe this market will emerge over the next 12 months. The demand for our undersea components should continue to be strong, although we do not anticipate the same growth rate as we have seen over the past 12 months. We do see strong growth for our Fiber Bragg Gratings commodity into the telecom market, and are exploring the possible establishment of a manufacturing organization in Asia, both to be near our customers and to take advantage of a lower cost structure.
Given these strong business fundamentals, we expect continued growth in revenues for our next fiscal year ending June 30, 2009. We continue to look opportunistically for acquisitions for both our divisions. With the Canadian dollar exchange rate stabilizing at par, we should be cash flow positive from operations for this coming FY 2009, after necessary capital expenditures, and should show an operating profit in Quarters 3 and 4.
We have a great team, excellent products and technologies, and strong market opportunities. I feel very confident about our future. Thank you for your support.
John Fraser
Chief Executive Officer
If I was a large service provider , I would hesitate to enter into business relations with a company that is virtually bankrupt.
This sounds hard and against my own interest as a long term holder , but unfortunately my comments in the past about the dreadful financial situation proved to be 100 percent correct;
I hope they indeed look at the potential , but the longer it takes , the weaker the position;
Come on Shores , give us some good news;
do we know where these onts are manufactured?
http://biz.yahoo.com/e/080603/tren.ob8-k.html
This is another example of YA 's succes(?)
Tren filed for Chapter 11;
I hope this is not what is going to happen with TXPO
I have not heard of , or seen one situation ,where shareholders finally benefitted from a financial arrangement with YA Global?
So , if you have one , I would like to know?
help?
What is in for TXPO?
exactly what I am thinking and doing
But you need a lot of patience
priority is now financing , but the company can only support this finance if revenue is substantially higher and thus ont sales are finally taking off.
Look at the ratios on the balance sheet? ugh
It is time that some of the things we were hoping for materialize;
it looks as if TXPO is just like all the other OTCB shares that I have invested in ? short of money;Money is difficult to get these days unless you can show solid growth figures
After all I think AVNY is further on the road than TXPO Jmack.
Thes TXPO figures are really a negative surprise imo;
Dear Walter,
We appreciate you support as well as your concerns. We are working to complete our 10-Q filing within the required extension deadline and our hope is to resume filing our quarterly reports in a timely manner.
Regards,
David Waldman
no comment
I sent this message; I would be surprised if they answer as if there are really problems they are not going to tell me
Dear Sir
Could you forward this message to Mr Shores
I am a belgian long time investor in TXPO with more than 150000 shares and I am very worried about the chronic late filing of the results every quarter.
I am a former parner in Coopers @Lybrand (now PWC) and my experience is that only companies with heavy internal troubles experience these problems.
This late filing is in strong contrast with the image that TXPO wants to promote; It is all about execution , and it gives a message that there are deeper problems at TXPO;
I would like to have an answer to this issue;
Kind Regards
Walter Caers
I fully agree Jmack
Is there a way we can communicate this to the company
is not what I expected
I think it is typical for smaller companies that have their hands full with operational matters and bother less about formalities. M S should probably strenghten the financial part of his company ,but is fully busy with the operational side.
Avensys had the same problems before but since john Frazer , previous VP of KPMG it has improved a lot;
It is a pity thatshareholders have no contact with MS. There is no AGM in which we can explain our worries;
Today we received the quarterly results for AVNY; In many aspects they are further ahead than TXPO , they are cashflow positive, 30 percent increase in revenues , positive EBITDA, made an acquisition which will increase their revenue,have a salesagent in China They always file in time so I bought more shares , but I seem to be the only one?Nobody is interested?
Then I look at LWLG and they increased suddenly from 0,71 to 2,45; They have no revenue and are only talking about a prototype that still needs testing,
It makes me wonder why TXPO should do better? They have to improve on many aspects in comparison to AVNY.They are not cashflow positive .The only reason I can think off is the smaller free float of TXPO; But then , how do you measure the value of TXPO at this moment? Why are they at 0,33 , LWLG at 2,45 and AVNY only at 0,075
I start to fear that there is no logic in these Shareprices and that it is all one big lottery;
http://biz.yahoo.com/prnews/080514/nyw030.html?.v=101
excellent progress again but smallcaps are not really wanted at this moment
But sometime somewhere this will explode
I cannot believe that Shores deliberately keeps information away from shareholders; I simply believe that at this point it is not easy to find finance and as long that he is not succesful it is clever to keep quiet; Also the sale of ont's has not yet really started in volumes that will drive the price higher;
We will know shortly;. I hope I am wrong but it will take somewhat longer;
I think everybody is waiting for these Q figures.They better not be bad
Hi Walter,
The Company is gearing up for its earnings. We will announce the date soon.
Best,
Truc
I do not think it is a good idea to buy stock with money that you need in the immediete future; I think that can become a serious problem in the future in the US
This is an attack on the SP at no volume? Somebody tries to bring the salesprice down at low volume , imo to buy higher volume at lower price ?
I have seen this on all my other otc stocks
Thanks for the info; I did not notice that;hopefully I see it too dark but everytime I look at the financials I feel not well.