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December 22, 2000
Dear shareholders,
Never Fear-Never Quit
As I type this note I am directly staring at the words pasted on my
screen, "Never Fear-Never Quit". This is a statement that not only do
I view every day, but, I work by. The other statement that I work by
it is "Success is creating a state of mind that allows you to obtain
whatever it is you really want".
Dr. Victor Frankel the author of "Man's Search for Meaning In Life"
was one of the few survivors of Auschwitz. He was a German Jewish
psychiatrist who somehow managed to live where tens of thousands of
others died. With little food for clothing and no medical attention,
he was forced to stand by while his fellow prisoners were cremated.
Upon being released, he was asked how he managed to survive. What
powers did he have that others lacked? How he managed to stay alive?
If you read his book you'll find that he replied, "I always knew that
my attitude was my own choice. I could choose to despair or be
hopeful. But to be hopeful I had to focus on something I wanted."
Dr. Frankel decided to focus on his wife's hands. He wanted to hold
them one more time. He dreamed of being an able to embrace his wife
again and to be heart to heart one more time. That focus kept him
alive throughout this horrible tragedy.
Dr. Frankel did not have more energy available to him than the others
at this concentration camp. But rather than using that energy in
despairing at what was happening to him and those around him, he
focused on a single goal; he gave himself a reason to survive, and by
concentrating on that reason, he was indeed able to survive. He
created in attitude of hope for himself. At times tried to convince
others of hope. When his attitude was positive, his mood took care of
the rest. He is known to have stated, "Today, in order to survive,
you must do this in this and that." As long as he stayed focused, he
was a survivor.
Focusing our energies including our corporate plans for expansion in a
single-minded manner or direction can work for us just as it did for
Dr. Frankel.
At Struthers, we have always strived to lead the industry in a number
of areas, all of which have been outlined numerous times through PR's,
interviews and corporate discussions.
As you know, one of our corporate goals was to achieve the status of a
fully reporting listed company on the OTC: BB prior to the holidays.
We achieved this. And as you also know, this has been a long drawn out
process, but a milestone we knew would be obtained. I have
congratulated everybody before, however, I would like to take this
opportunity to say thank you for those of you who at times doubted the
process, but still had perseverance and patience to believe that we
would accomplish the goal.
During the year we dedicated our energies to building a solid
foundation from which to grow. As an emerging growth biotech Corp. we
needed a solid foundation to move forward. Which we have today. While
we are still a young company, we have put together many of the
important elements necessary for our future growth. Over the last many
months I have watched with amazement of just how many "solid"
companies have been traumatized in the securities market by the
fluctuation in the economy, the election and the fact that many
investors had an excellent start to the new millennium but had to take
substantial losses in their stock portfolios to cover their gains,
which we have seen recently. Speaking to a number of security brokers
and mature investors the whole market has taken a severe beating over
the last few weeks. Obviously, we were among those companies who have
taken the hit. I believe as these brokers do that the rebound is
imminent.
Now that we are fully listed and trading on the OTC: BB we now wait as
our marketmakers transfer trading privileges from the pink sheets to
the Bulletin Board. For this to happen to marketmakers must fill out
the appropriate forms (211) and send them to the NASDAQ to be approved
to trade STRU on the OTC: BB. At this very moment we have marketmakers
who have sent in the appropriate forms and we have marketmakers who
are the process of filling out and sending in these forms. Once this
process has completed it is my opinion that you'll see more activity
with our stock, of course along with our support through PR's and
marketing measures we have put in place.
As I mentioned above we have built a solid foundation from which to
grow. We have made acquisitions, asset acquisitions, developed new
innovative technology which is getting worldwide attention and we have
doubled our staff which now numbers over 40. We have also added a
number of noted consultants in different fields of specialties. We
have also added more animals through alliances with producers to meet
my objectives, which I set forth in previous correspondence. During
the fall we opened our state-of-the-art Boar Stud facility located in
Minnesota and have been in the process of stocking this facility. In
addition we have also added alliances with Packers who can process our
product to the specifications that our clients are requesting. David
Diebold, VP sales, has started a pipeline of hogs moving from the
producer to the Packer to the consumer on a weekly basis. Shipments
of our own brand label TENDERPRIME has been growing daily and we have
been adding to this line considerably with other all natural and
organic products. I would like to take this opportunity to thank all
those who have ordered these products and I look forward to
introducing the new products during the first quarter 2001.
I would also like to take this opportunity to welcome aboard all of
our new staff that joined us this year, including Dr. Alan Carlson and
Dr. Dennis Gourley. We have not ceased our hiring as we are also
bringing onboard other veterinarians and technicians to keep up with
our increasing surgical and nonsurgical workload which has occurred as
a direct result of the asset acquisition of Elite Visions and the
Gourley Scope. If I may comment concerning our recent trip to Germany
and visit to the largest meat and poultry show in the world located in
Hanover Germany, the Gourley Scope was of major interest to many large
corporations. At the same time Germany experienced their first case
of mad cow disease (BSE) and as a result experienced a dramatic
decline in beef sales. Concerns over beef products sparked increased
sales and interest in the consumption of pork products. Our
technology and genetics reviewed by many and the result was a number
of meetings which has now lead to a number of new clients. More
information will be released in the near future as to the outcome of
these ongoing discussions.
I'm also very pleased to announce that we have leased a new office in
Munich, Germany which at the moment is being refurbished and scheduled
for occupancy late in the first quarter 2001. We also created a new
German subsidiary, Struthers Biotech AG that will serve the European
Community with our products and services, including live animals,
embryos and semen. As noted above we have experienced a great deal of
interest from the European Community, and we took steps necessary to
make our presence known in Europe. We're very excited about this new
venture and we are also very excited with the fact that we're going
back to Europe in January to finalize projects, which actually started
during the World Pork Expo.
Although, we have been very quiet we have not been on holiday. One
only has to read over the last year's PR's, interviews and
correspondence from this office to find that we have grown
considerably. For me personally next year starts on the 26th of
December, as I cannot wait for January 1st. We have planned our work
and we are working our plan. No one should think, that just because
you are quiet does not mean that you're not out building a
masterpiece. I sit here remembering the days when we took over this
company and the stock was at half of a penny. We should all be proud
of the fact that we made it through the auditing process and that the
half of the 7500 companies that are being audited will not return to
the OTC: BB. We should also be proud of the fact that during the year
we had over 95 million more shares bought than were sold. We added to
our investor base and we continue to add to our investor base of
roughly 25,000 investors ...and this in such a short period of time.
I would like to thank all those who have e-mailed me and had suggested
new ideas for the company and also took the time to share with others
information on our unique industry.
I wish you all the best for safe and happy holiday and I truly look
forward to starting a new year with your Company. We have now finished
the building phase and entering the New Year with global presence.
Enjoy your family and go hug somebody! I plan to!
As always, warmly,
Douglas W. Beatty, Ph.D.
President/CEO
Struthers, Inc.
Certain statement in this press may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Readers are cautioned not to place undue reliance
on statements, each of which speak only as of the date made. All such
forward-looking statements are only estimates of future results and
actual results may differ materially from those anticipated or
projected. The company undertakes no obligation to update or revise
any such forward-looking statements.
Jerome thanks for checking in and welcome to the thread. Good luck in your options trading.Will take a look at those and thanks for the information....Hopefully over time we can build this thread to the point where we have many option ideas and eyes out there on this sector of the market that so many seem reluctant to get into...Merry xmas....have a safe and happy holiday.
take care
Jeff
CMGI mar 10 for 2$ doesn't sound too bad .IMO....It is volatile enough that it seems to have nice pops fairly often.I trade open options only right now.Have not tried covered or writing my own yet.I have had decent luck with open options and will probably stick with them for now.But I started this thread so we could all learn about other types of option trading.
good luck
Jeff
BBGOLD,Each put or call represents 100 shares that you control.So in order to write 100 calls or puts I believe you would have to risk 10,000 shares...I am not sure I fully understand the Question but I honestly have not done any put or call writing.I am inviting a couple of others to this thread that will hopefully take a look and help with some of these questions as well.I am not 100% sure on the writing of calls and puts yet,but am anxious to learn that as well...
thanks
Jeff
KDE....may 10 and 12 1/2 calls look very good here.IMO
That gives us the christmas earnings and if positive growth I believe that marks about the 14th straight growth Quarter for KDE...I can not believe this stock with a p/e of about 3.18 and approx 11.40 per share cash in the bank is sitting where it is right now...I have heard rumors that have been floating around of share buyback coming.Rumor only so far,but it does make sense with that much cash and the large short interest position that it currently has...
Jeff
bbgold....I am no expert either and that is why I started this thread,but tht sounds about right....Here is an example...hope it helps.
Investor owns 1000 shares of Stock x @ $55 a share
write 10 covered calls strike price of $60
collect premieum of $750
If stock price rises to 60$
buy 10 calls to cancel obligation and prevent losing stocks
This is called writing a covered call
good luck and do your own DD for sure on this stuff....Not a recommendation here by any means to trade options...
Jeff
Bernard,I saw INSP too as low as it was and was going to buy and then looked at revenues which weren't bad...But then the loss was pretty scary and the shares o/s along with book value pretty much made my mind up....Decided to stay away...Puts probably would not be bad on it..For some reason I have had better luck with calls....Last PUT i bought was PPRO at 46 and then about 3 days later they announced a split and it ran to 90+....lol
Funny thing is I watched it for months follow the same pattern from 20 to 45 back and forth.As unstable as the market was I thought I could not lose on it and learned a hard lesson...Only option so far I have lost on...
Seems that with the market in the condition it is in does not really care about the good news right now...This one may take a while,but I was glad to see the 3 mill deal announced shortly after initial release of some deals being pushed out into 4th Quarter....Will watch and see what happens from here..
take care
Jeff
Sure thing Bernard,glad someone else noticed and maybe over time we can all learn more about them and am hoping that we can get many people bringing some to the table...Currently bought back CMGI Jan 12 1/2 calls and KDE may 10 calls....Both look good IMO....If anyone else has any suggestions,please bring em to our attention...
take care
Jeff
Sure thing Bernard,glad someone else noticed and maybe over time we can all learn more about them and am hoping that we can get many people bringing some to the table...Currently bought back CMGI Jan 12 1/2 calls and KDE may 10 calls....Both look good IMO....If anyone else has any suggestions,please bring em to our attention...
IMO...CMGI has some very good prices on calls for Jan and also looking at Mar and June calls here.Also like KDE calls for May as they are reporting earnings this week.May options in KDE gives you the benefeit of the X-mas season numbers as well as this weeks numbers that if good will be the 13th straight growth Quarter for KDE.
Take care
Jeff
It sure does not seem like anyone cares at all about good news.It is very depressing to see good news that appears to be totally wasted before they are listed on the OTCBB.Crazy how this stock could run all the way to .47 on speculation of things to come,and when they give concrete information that is positive we go lower and lower.I thought we would at least see some kind of volume and price spike ,but nothing..I guess we wait.I like it reguardless and to those who wait,shall be happy they did.IMO....Sure is nice to come over to a thread that you don't have to weed through 500 B.S. posts a day to find one good one.Would be nice to see this thread used much more.
take care
Jeff
Q 3 results
Press Room
Press Room
Press Releases
Media Coverage
GentiaWire Service
Worldwide Events
Web Events / Archive
Gentia Press Release
Contact:
Andy Oliver
LEWIS P.R. Inc
Tel: (619) 702-5571
Email: andyo@lewispr.com At The Financial Relations Board (212) 661-8030:Analysts: Christie Mazurek, cmazurek@frb.bsmg.com
General: Alison Ziegler, aziegler@frb.bsmg.com
Media: Marty Gitlin, mgitlin@frb.bsmg.com
GENTIA SOFTWARE ANNOUNCES THIRD QUARTER RESULTS
LONDON, Oct. 30, 2000 - Gentia Software (Nasdaq:GNTI), a leading provider of intelligent analytical applications, today reported its results for the third quarter, ended September 30, 2000. Gentia reported an operating loss of $4.2 million for the third quarter of 2000, an allowance for doubtful accounts of $3.4 million and operating losses from thinkAnalytics, a wholly owned subsidiary, of $2.1 million, giving a total operating loss for the quarter of $9.7 million. This compares with marginal net income for the second quarter of 2000 and net income of $0.1 million for the year-ago quarter.
The Company reported revenues of $2.6 million for the quarter compared with $8.0 million for the previous quarter and $6.1 million for the year ago quarter. Costs for the third quarter totaled $6.9 million before the $3.4 million allowance for doubtful accounts. Costs of the thinkAnalytics subsidiary totaled $2.0 million. Total costs of $12.3 million compare with $8.0 million total costs for the previous quarter and $6.0 for the year ago quarter. Further investment in the Company's thinkAnalytics subsidiary accounted for the increase in costs. The Company decided to take the allowance for doubtful debt primarily as a precaution against operating difficulties experienced by a major European distributor.
"We are extremely disappointed with our quarter three results," commented Steve Fluin, Chief Executive Officer, Gentia Software. "We experienced significantly lower than expected revenues from both Europe and the United States as a result of poor sales execution, with a number of key deals being pushed out beyond quarter three. This reduction in revenue coincided with increased investment in our thinkAnalytics subsidiary."
Fluin continued, "We are confident that Gentia's strategy is sound, and have already taken steps to rectify the execution problems that contributed to our quarter three results.
Gentia also announced it had begun restructuring its operations to reduced costs and improve sales execution for 2001. The Company anticipates completing the restructure before the end of quarter four.
The Company also revealed that it expects to raise further equity during quarter four through a previously announced private placement of its thinkAnalytics subsidiary.
About Gentia Software
Gentia Software (Nasdaq: GNTI) is a leading supplier of intelligent analytical applications for enterprise performance management and customer relationship analytics. Its product suites sustain and improve business performance by improving the quality of customer interactions and driving strategy and performance management. Gentia incorporates unique technology and the world-class consulting expertise of partners including IBM, NCR and KPMG. Gentia offers the best-in-class solutions for Fortune 1,000 companies including Volvo, Sprint, Bell Atlantic, Credit Suisse First Boston and Motorola. For more information, visit www.gentia.com or call 1-8884GENTIA (United States), +44(0) 208 971 4000 (Europe).
About Think Analytics
thinkAnalytics Corporation, headquartered in Boston, MA, is the only software vendor dedicated to Customer Relationship Analytics (CRA). thinkAnalytics is a wholly-owned subsidiary of Gentia Software (Nasdaq:GNTI).
This news release contains statements of a forward-looking nature relating to the financial performance of Gentia Software. Such statements are based upon the information available to management at this time, and they necessarily involve risk because actual results could differ materially from current expectations. Among the many factors that could cause actual results to differ from those set forth in the Company's forward-looking statements are changes in general economic conditions, actions taken by customers or competitors, and the receipt of more or fewer orders than expected.
GENTIA SOFTWARE PLC
Condensed Consolidated Statement of Operations
(In thousands, except per share amounts)
(Unaudited)
Three months ended Nine months ended
Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2000 1999 2000 1999
US$ US$ US$ US$
Revenues:
License $ 467 $ 2,760 $ 9,393 $ 7,420
Services and other 2,117 3,367 7,857 10,610
2,584 6,127 17,250 18,030
Cost of revenues:
License 410 575 1,297 1,575
Services and other 1,359 1,523 4,616 6,441
1,769 2,098 5,913 8,016
Gross profit 815 4,029 11,337 10,014
Operating expenses:
Sales and marketing 7,859 2,134 14,315 10,570
Research and
development 1,156 948 2,743 4,082
General and
administrative 1,097 632 2,672 2,646
Restructuring costs -- -- -- 1,876
Goodwill amortization 374 260 957 844
Total operating
expenses 10,486 3,974 20,687 20,018
(Loss)/income from
operations (9,671) 55 (9,350) (10,004)
Interest (expense)/income (24) -- (152) 69
(Loss)/income before
provision for income taxes (9,695) 55 (9,502) (9,935)
Provision for income taxes -- -- -- --
Net (loss)/income ($ 9,695) $ 55 ($ 9,502) ($ 9,935)
Basic (loss)/earnings
per share ($ 0.79) $ 0.01 ($ 0.81) ($ 0.97)
Diluted (loss)/earnings
per share ($ 0.79) $ 0.01 ($ 0.81) ($ 0.94)
Shares used to
compute basic EPS 12,247 10,232 11,678 10,232
Shares used to
compute diluted EPS 12,247 10,560 11,678 10,560
GENTIA SOFTWARE PLC
Condensed Consolidated Balance Sheets
September 30 December 31
2000 1999
(unaudited) (unaudited)
(in thousands)
US$ US$
Assets
Current assets:
Cash and cash equivalents $ -- $ 2,968
Accounts receivable,
net of allowances 6,618 7,757
Trade account receivables 12,433 11,214
Less: Allowance for doubtful debt (5,815) (3,457)
Prepaid expenses and other
current assets 949 559
Total current assets $ 7,567 $ 11,284
Property and equipment, net 944 1,153
Purchased software, net of
amortization of $1,021
(Dec 31, 1999 - $609) 1,982 2,000
Goodwill on acquisition, net
of amortization of $2,831
(Dec 31, 1999 - $2,286) 5,135 3,831
Total assets $ 15,628 $ 18,268
Liabilities and shareholders' equity
Current liabilities:
Bank overdraft $ 1,893 $ --
Current portion of lease obligations 68 46
Accounts payable 2,911 2,784
Accrued liabilities 2,311 2,624
Deferred revenues 2,894 3,259
Other accounts payable 1,403 1,289
Short Term loans 1,092 4,442
Total current liabilities $ 12,572 $ 14,444
Non current liabilities:
Long-term portion of
lease obligations 102 121
Total Liabilities $ 12,674 $ 14,565
Shareholders' equity:
Ordinary shares 3,100 2,481
Additional paid-in capital 37,465 29,009
Retained (deficit) (36,198) (26,695)
Cumulative translation adjustment (1,413) (1,092)
Total shareholders' equity $ 2,954 $ 3,703
Total liabilities and
shareholders' equity $ 15,628 $ 18,268
CONTACT: Gentia Software
Nick Bray
+44 20 8971 4000
nbray@gentia.com
or
At The Financial Relations Board (212) 661-8030:
Analysts: Christie Mazurek, cmazurek@frb.bsmg.com
General: Alison Ziegler, aziegler@frb.bsmg.com
Media: Paul Del Colle, pdelcoll@frb.bsmg.com
Today's news was nice to see...Took a big hit with the market and revenues were not that disappointing for 3rd Quarter..IMO
will be interesting to see how many more key deals were pushed out of 3rd Quarter.Hoping that we see some more positive news soon on this one..had some nice buying allday today and it really did not move the stock until afterhours trading slightly.Here is today's news and hoping for more soon...
Jeff
(COMTEX) B: Gentia Announces $3.0 Million Software Deal
B: Gentia Announces $3.0 Million Software Deal
LONDON, Nov 9, 2000 (BUSINESS WIRE) -- Gentia Software (Nasdaq: GNTI), a
leading provider of intelligent analytical applications, today announced that a
leading European eCRM software vendor has licensed from thinkAnalytics, a wholly
owned subsidiary of Gentia, its intelligent applications platform for a one-time
license fee of $3.0 million. The agreement signed earlier this week enables the
eCRM company to incorporate the technology into its intelligent customer
interaction solutions.
"We are pleased to have concluded this significant deal in the first half of the
quarter," said Steve Fluin, Chief Executive Officer, Gentia Software. "The deal
underlines the strong demand for our software and further demonstrates our
ability to complete major license deals."
The Company also announced that under the terms of this agreement, $1.8 million
due on signing the contract has already been collected, with the remaining $1.2
million to be collected before the end of the year. The customer licensed the
thinkAnalytics platform to augment its own eCRM technology for intelligent
customer interaction. Further details of this agreement were not disclosed.
Tim Jones, President and Chief Technology Officer, thinkAnalytics commented, "We
made a decision to develop the next generation of analytical technology some
years ago. What we have created is a component-based knowledge discovery
platform upon which we have built our own customer relationship analytical
applications. As well as developing and marketing these applications to our
customers, we have also marketed the platform technology to other software
vendors to catalyze greater market penetration. This deal further validates our
market approach and demonstrates the power of our technology."
About Gentia Software
Gentia Software (Nasdaq: GNTI) is a leading supplier of intelligent analytical
applications for enterprise performance management and customer relationship
analytics. Its product suites sustain and improve business performance by
improving the quality of customer interactions and driving strategy and
performance management. Gentia incorporates unique technology and the
world-class consulting expertise of partners including IBM, NCR and KPMG. Gentia
offers the best-in-class solutions for Fortune 1,000 companies including Volvo,
Sprint, Bell Atlantic, Credit Suisse First Boston and Motorola. For more
information, visit www.gentia.com or call 1-8884GENTIA (United States), +44(0)
208 971 4000 (Europe).
About thinkAnalytics Corporation
thinkAnalytics Corporation, headquartered in Boston, MA, is the only software
vendor dedicated to Customer Relationship Analytics (CRA). thinkAnalytics is a
wholly-owned subsidiary of Gentia Software (Nasdaq:GNTI).
About thinkCRA
thinkCRA is thinkAnalytics' packaged analytical application. It helps
organizations understand their customers by analyzing customer information
buried in front-office CRM and other corporate systems' data. It provides
detailed, actionable information in areas including customer segmentation,
customer loyalty, customer value, and marketing effectiveness.
For more information, please visit www.thinkanalytics.com or send an e-mail to
info@thinkanalytics.com. Media and analyst inquiries should be directed to Mary
Beth Germanos, Corporate Marketing Director, at thinkAnalytics Corporation, by
telephone at: 617 342 7058 or via e-mail at mgermanos@thinkanalytics.com.
CONTACT: Martin McCann
Gentia Software
+44 20 8971 4057
mmccann@gentia.com
or
Mary Beth Germanos
thinkAnalytics
617 342 7058
mgermanos@thinkanalytics.com
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