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Hoping for something 14th - 15th
If this doesn't come together in a timely manor, the note holders have a plan B. There will be a payday here one way or another.
Don't give up just yet. CUI Japan hurt, but debt has gone from 15MM to 2MM, they have money in the bank and the new product lines are coming on, yes slower than anticipated, certification is a lengthy process anymore and it seems every one wants a test period to make sure the GasPT2 is as advertised, it is.
I've heard rumors of a conference in June, maybe some kind of announcement.
Good job.
What you said!
MIP solutions was "Molecular Imprinted Polymers" a method of collecting heavy metals from solution i.e.: gold, lead, arsenic etc. The technology was licensed from John Hopkins University but never came together. Mips became a shell company, along came AWG and the dance started. We are in our second go round with this and I believe it is finally going to get done. There are some very good and experienced people coming onboard. As Atmospheric Water Generators go, this is the real thing and for all intents and purposes, the only game in town. This has the possibility of being even bigger than we might hope. I believe we could see this move to the Nasdaq, and quite possibly without a reverse stock split.
I believe you are correct (I'm no expert) they have 15 days from the due date. 15 days "E", pink after that. Every one I speak to around this says it's done, however thats no one "inside".
RUMOR is, it's a done deal. If it were not, I don't believe the AWG people could be saying some of the things they are.
I knew they would be late and earn the "E", But have been told they will not go "pink" which is a death blow to a shell company. I hope that is the case.
Something needs to happen soon or the Spokane Investors are going to take control and move on.
You should hurry if you want more.
Great second report
www.cuiglobal.com/Portals/CUIGlobal/Documents/CUI%20Prosdocimi%20Report.pdf
CUI Global, Inc. (OTC BB: CUGI.OB)
CUI recently announced a 30 for 1 reverse split
which was done concurrently with an uplisting to the
Nasdaq Capital Markets and the completion of a $10
million equity raise managed by Merriman Capital.
By the way, the uplisting resulted in a new stock
symbol: CUI. The raise, the uplisitng and the reverse
all represent milestones that the Company has been
working to achieve (and assured investors they
would) for some time now. Investors should be
encouraged by the milestones themselves as well as
by the fact that the Company followed through on
what it said it intended to do.
More importantly, we think the raise may tell us a
thing or two about the Company’s path. First and
foremost, the capital will help to further reduce their
debt, bolstering the balance sheet and enhancing
cash flow, as well as providing some working capital
to advance their new projects. However, the bigger
picture harkens back to our original thesis on the
Company. They have built a considerable core
business and have positioned themselves to leverage
that business by adding new and innovative
technologies either by license or acquisition. They
have managed to advance the core business to the
point of profitability, and they should be able to
continue growing that piece moving forward
However, the greater opportunity lies in rolling out
the new technologies they have added over the past
year or so. We believe the equity raise (or perhaps
the due diligence process that supported it) may
validate some of our views of the potential of the
new products. That may be especially true, at least
initially, of the new Vergence™ GasPT2 product.
Recall, the gas measuring device is set to be rolled
out in Europe initially. Our understanding is that a
good portion of the equity raise was done in Europe
as well, and while we may be making broad
assumptions here, we suspect that at least some of
the European investors may have some
understanding of the GasPT2 opportunity. Again,
we may be stretching a bit, but that is our sense.
Either way, we think the raise is a highly positive
sign on multiple fronts, even though it may create
some loose stock for a short time. Frankly, that may
provide new buyers an opportunity in here.
Moreover, the uplisting should provide a variety of
benefits, and we also believe the reverse will
ultimately prove positive as well.
The balance sheet and corresponding liquidity are
clearly improving, which also speaks to a lower risk
profile. As a result, we are becoming more
comfortable that there is an emerging opportunity
that could reach beyond our current target of $12.00,
especially if they begin to demonstrate the kind of
traction they ultimately believe they will achieve in
the new product lines. Analyst: Dave Lavigne
(Accredited Members owns CUGI shares).
Developement stage companies are never good investments if you have no patience, they are not "trades". I am one of the largest share holders of MSOL and while it's been a long and dusty trail we've hiked, I think I see the glow of a finished deal just over the hill. Some very impressive people coming on board and working on some very good sales results.
Good things come to he who waits.
http://awgiinternational.com
Worth a thorough read. Keep the faith, we're only a year behind.
Hang in there Huggums, it's on the way, I promise.
Word is, it is still moving forward
Hoping for an 8 with definitive news soon. Should be 80 / 20, a little better for the MIPS people this time.
I asked Bonehead to give you some other info, you get that?
Huggums,
I asked you about the fishing. You got the word about whats up now?
People in after the split most likely will make out. I fear the current share holders are boinked as is the usual with a reverse.
Well, Should have known. These people just can't get things done. That's what you get when a deal drags on and on. Obvious from the trading there was some insider bull shet going on. Time to file a FINRA complaint and think about seeking some legal advise. Who knows what shenanigans have gone on now.
I'm saying the deal may be completed.................
I'm hearing rumors.. Deal may be a done ..........
I am hopeful Huggums, I also know the players.
You and I open a tap and never give it a thought. Not so in much of the world. Water is one commodity that is an absolute necessity. This company may have unlimitted potential if everything works as I believe it does. Could be a Billion dollar possibility. JMHO. I do have a few more than nine shares.
I have nine shares myself and expect to do very good...........
Not many free trading shares out there.
Let me know when its prime, I'll be over. If you want more of this stock, I would get it soon.
You got any fishin over there Huggums
Guys, you know I love ya but I have to tell ya, you really need some new material for American Sceen.
CUI Global, Inc.’s Statement Regarding Japan Operations
Press Release Source: CUI Global, Inc. On Thursday March 17, 2011, 5:30 am EDT
TUALATIN, Ore.--(BUSINESS WIRE)-- CUI Global, Inc. (OTCBB:CUGI.ob - News), a platform
company dedicated to the acquisition, development, and commercialization of new, innovative
technologies, today issued the following statement regarding its Japanese operations and the effect of the
recent events in Japan:
CUI Global, Inc. extends its heartfelt condolences to the Japanese people in this tragic situation. We and
our employees remain fully committed to supporting all of our customers in every way possible.
CUI Global, Inc. has no reports of injured or missing employees and its Japanese facilities remain intact
and undamaged. The situation in Japan is still developing and the focus of Japanese authorities is, of
course, on saving lives and supporting affected areas.
CUI Global is analyzing the broader effects on its industries and its business. While Comex and its
Japanese operations are a relatively small component of CUI Global, Inc.’s total revenue, Japan is a large
supplier to the global market for semiconductors and other components. The electronics industry, as well
as many other industries, source components from Japan. It is reasonable to expect that the events in
Japan will affect supply of components, but it is too early to say to what extent.
Business continuity plans and work to assess the impact, if any, on CUI Global, Inc. and mitigation
activities has been ongoing since the event took place.
We will continue to closely monitor the situation in Japan to take further action where necessary. It is,
however, too early to draw any further conclusions as the situation is still developing
CUGI.PK is no longer valid. It has changed to CUGI.OB
Hudson Securities to act as CUI Broker / Dealer
HUDSON SECURITIES
III Town Square Place-Suite 1500A
Jersey City, NJ 07310
Phone: 201-216-0 I00
Fax: 201-680-7387
Web: www.hudsonsccuritics.com
March 3, 2011
Mr. William Clough
Chief Executive Officer
CUI Global, Inc.
20050 SW tl2th Avenue
Tualatin, OR 97062
Dear Mr. Clough:
We are a registered broker-dealer and one of the most active market makers
in OTC Bulletin Boardtv ("OTCBBTM")t stocks. In recent days, many stocks that
were previously quoted on the OTCBS have ceased to be quoted there. We believe
that this is due to inadequate sponsorship of those stocks by a registered broker-
dealer.
I am writing to advise you that we intend to take all necessary steps to
become. as soon as possible, a market maker in substantially all stocks for which
quotations were recently withdrawn that remain eligible for OTCBB quotation.
Although we are under no obligation to take these actions, we believe that doing so
will benefit the issuers that have experienced a withdrawal in quotations for their
stocks and maximize liquidity for shareholders and investors. We strongly believe
that an efficient and liquid market for an issuer's securities benefits all market
participants.
In January, our parent company, Hudson Holding Corporation ((OTCBB:
HDHL); http·llwwwhydsooholdjngcorpcorn) entered into a merger agreement
with Rodman & Renshaw Capital Group, Inc. ("Rodman") ((NASDAQ, ROOM);
http-lIwww rodm com), whose subsidiary, Rodman & Renshaw. LLC, is a full-
service investment bank serving both OTC8B and exchange-listed issuers. Rodman
also recently announced that it entered into an agreement to acquire certain assets
related to the OTCB8 from the Financial Industry Regulatory Authority, Inc.
("FINRAI8"). The OTCBB is currently operated by FINRA. These transactions
are subject to closing conditions, including regulatory approvals, and are expected to
close in the second quarter of2011.
Upon the completion of its acquisition of the OreBB assets, at which time the
purchased OreBB assets and related businesses will not he affiliated with or owned,
operated or endorsed by FINRA, Rodman's plan is to upgrade and enhance the
OrCSB platform and expand and strengthen the OrCBB market, including by
incorporating efficient transaction execution capability for OreBS quoted securities.
We believe that companies whose securities are orCBB quoted will benefit from
substantially enhanced services and increased investor reach as a result of the
combination of Rodman's investment banking practice, Hudson's prominence as an
OrCBB market maker and Rodman's plans to upgrade the orcss platform.
We and Rodman are committed to the success of the OTCBB and enhancing
the services that will be provided to OrC88 issuers. We intend to demonstrate that
commitment by taking the actions necessary to be a market maker in a broad
universe of orCBB stocks, including making all required regulatory filings,
complying with informational requirements and making significant payments of
required FINRA fees for each equity security in which we make a market. That we
are willing to comply with these requirements and incur these fees underscores our
commitment to the OrCBB market and the issuers quoted on it.
We expect to begin the process necessary to provide quotations in these
stocks as soon as possible.
Sincerely,
Anthony Sanfilippo
Chief Executive Officer
Regarding CUI.
OTC Markets Group Inc. (OTCQX: OTCM) operates the largest electronic marketplace for broker-dealers to trade unlisted stocks.
Because of our investment in technology, the vast majority of regulated brokers-dealers have chosen to quote your company’s securities on our superior electronic interdealer quotation system. Your shares are designated on our system as trading on the OTCQB™ tier, where investors can easily identify companies that file current information with a U.S. regulator, such as the SEC. To make sure that the marketplace is well-informed, we are currently providing FREE real-time quotes in your stock for your investors on www.otcmarkets.com.
As many of you have inquired about the continuous migration of broker-dealer quotes moving off of FINRA’s OTC Bulletin Board, we would like to provide you with an update on the reasons that have driven this move, and what impact, if any, this will have on investor trading and access. There are also some misperceptions due to the fact that some financial websites have not updated their systems and are not displaying accurate quotes (or no quotes at all) and are mistakenly showing SEC reporting companies as Pink (sometimes showing .PK on the end of their tickers).
We want to assure you that as long as you are current with your SEC reporting obligations or (for banks) current with your bank regulator filings, we will not be labeling you as trading on the OTC Pink tier (formerly known as Pink Sheets). We want to inform you that you can direct your investors to www.otcmarkets.com to get accurate information on professional real-time quotations. Companies quoted on our platform that report to a U.S. regulator are either designated as OTCQB, or, for companies that successfully take the steps needed to qualify, OTCQX®, the highest tier of the OTC marketplace.
I highly encourage you to view our OTCQB fact sheet here: http://www.otcmarkets.com/content/doc/ps/OTCQBfactsheet.pdf. This can be sent to your investors to explain what has happened and what it means for your stock to trade on OTCQB. If you have any additional questions, please do not hesitate to contact me.
Please keep an eye out for future communications from myself and my colleagues at OTC Markets Group. Over the next year we will be introducing some exciting new services for OTCQB companies like yours, and will be looking for your feedback and input on how we can create a better and more informed marketplace for your investors.
Regards,
Joe Oltmanns
OTC Markets Group
issuers@otcmarkets.com
www.otcmarkets.com
CUGI is listed on the "QB".
From The Proactive Capital Resources Group:
CBB versus OTC Update (Formerly “The Pink Sheets”)1 comment
Posted on 4th March 2011 by mws13 in News
delisting, jeff ramson, otc, otcbb, pink sheets
On February 15, 2011, below the radar of the financial community and with no publicity, they started dropping. First it was 48, then 4 on the following two days. Then on February 22, the floodgates opened and 569 companies were delisted from the OTC Bulletin Board and moved to the relatively new OTCQB, officially part of the OTC Market Group’s OTC Link quotation system. The reason given in each case?
“Failure to comply with Rule 15c2-11.”
What has changed so drastically in the past week, and why has it resulted in the sudden delisting of 622 OTCBB companies? The reason isn’t that these companies have failed to meet certain quality standards or are delinquent in their reporting to the SEC. Quite the opposite – the OTCQB is a new market (launched in April 2010) for OTC-traded companies that are registered and current in their reporting obligations to the SEC, so a move from the BB to the QB by no means signals delinquency or lower reporting quality.
The root cause, as with almost any aspect of the financial world, comes down to money. All companies quoted on the OTCBB must maintain at least one registered market maker (see FAQ #14) to remain on the OTCBB. The issuer can’t voluntarily withdraw from the OTCBB, but when the last market maker withdraws from the stock, it is removed from the OTCBB after 4 days pursuant to Rule 15c2-11.
When this happens, the stock is usually quoted solely on the OTC Link system, rather than the typical dual BB/OTC Link quotation. The stock will trade on the OTCQB, the middle tier of the OTC marketplace reserved for fully reporting issuers that are quoted on one or both quotation platforms (Bulletin Board and OTC Link). The new OTC tier system classifies all OTC companies, whether quoted on the BB, OTC Link or both, into one of three tiers (OTCQX, OTCQB, or OTC Pink) based on the amount and quality of information they provide to investors. This tier system separates SEC-compliant issuers in the OTCQB tier from the speculative marketplace known as the “Pink Sheets” (now called “OTC Pink”), which is the bottom of the three tiers.
FINRA’s fee for OTCBB market makers is $6.00 per security traded during a given month. For market makers quoting hundreds of securities per month, these costs can quickly become prohibitive. According to the CCH Washington Service Bureau:
OTC Bulletin Board market markers [sic] are billed participation fees by The Financial Industry Regulatory Authority (FINRA) based on the number of positions during a given month. Because such fees have made it challenging for market maker firms to maintain markets in stocks that are not active, such firms are increasingly moving market making in OTCBB stocks from the OTCBB, which is a telephonic only market, to a new electronic interdealer quotation system [OTC Link] created by Pink OTC Markets, Inc. that lacks any participation fees. [Full article here]
One possible reason for the mass Bulletin Board delistings in the past week is that a large broker-dealer acting as the sole market maker for a number of stocks completely withdrew from the OTCBB, leaving hundreds of stocks, like this one, with no market maker and sending them to the OTC Markets four days later. This is difficult to prove, but a similar situation happened last year when major broker-dealer Knight Equity Markets stopped quoting securities on the phone-based, fee-laden OTCBB and switched primarily to the no-fee, electronic OTC Link.
The accompanying graphs, with data provided by www.otcbb.com, show a consistent and meaningful trend away from Bulletin Board quotations both in terms of the number of market makers participating and the number of securities quoted. More and more, it simply makes financial sense for market makers who quote a large number of securities to quote solely on the electronic OTC Markets and avoid the OTCBB participation fees.
Ted Campbell, CEO of GrowPublic, Inc., sums up the situation well:
“It may take awhile for investors and issuers to come to the conclusion there is no real difference between an OTCBB® listed security and a Fully Reporting Issuer trading on the Pink Sheets now under the OTCQB designation. The recent move by many market makers to pull quotes on the OTCBB® platform causing a mass delisting to the Pink Sheets may be a precursor to the end of the importance of being listed on the OTCBB.”
UPDATE (2/28/11): From OTCBB.com – FINRATM is updating the comment on the OTCBB Daily List used to indicate an issue is no longer eligible for quotation on the OTCBB due to a lack of quotation activity. The new comment will be “Ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11”. This replaces the previous comment “Failure to comply with Rule 15c2-11”.
UPDATE (3/1/11): Another batch of 104 OTCBB stocks received the boot today, but this time with the new “Ineligible for quotation on OTCBB due to quoting activity…” comment.