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I think it means they had a small order to fill for NASA that was time sensitive. And I think that the disclosure is a very good sign.
I did the same math and came up with the same numbers, and I called Katie to inquire. My understanding from her is that there is no shortage of tapes for them to read (i.e., millions). In fact, if I understood her correctly, NASA continues to generate tapes on an ongoing basis that need to be read by the Company. FWIW, she was very nice and I am quite certain she was straight with me -- she was "unrehearsed" to say the least. I can understand why the Company is looking for an IR person.
Obviously at $22 or so per tape, the revenues from the 50 tons of tapes is only about $450,000. At the same time, you can understand why they don't want to store more than 50 tons on site.
I don't think you can tell anything about the size of the tape reading operation from the 10Q. I had hoped for some guidance in this area, as the tape reading revenue provides a floor for the price of the stock.
I agree that it is what was expected. Do you anticipate a PR with some kind of future guidance relating to the tape reading part of the business? My understanding from a recent conversation with Katie is that there is no end to the number of tapes that need to be read. TIA.
Thanks. I didn't notice mention of the court in that earlier email. Sorry.
Again, please advise what court the lawsuit was filed in. I would like to review the pleadings in the case. You have said that it is a matter of public record, and I agree. You have invited our review. I would like to take you up on the invitation.
Please advise the court in which the lawsuit is filed. Also, is the note in question an exhibit to the complaint?
rrufff:
This is the most interesting thing in the report. And I am also confused.:) Frankly, this "loan" does not make any sense to me.
As I understand it, on February 4, 2009, North American Energy Group entered into what is essentially a non-recourse "bridge loan" in which it agreed to accept a fixed amount of Labwire stock as currency for repayment. Apparently the loan came due on April 1, 2009 and the company permitted "foreclosure" of the "collateral" for the loan -- an understandable decision.
But why would anyone loan on these terms? Was something supposed to happen between February 4, 2009 and April 1, 2009 that would make the company want to repay this loan? How could this deal ever turn out well for the lender? Why would anyone pay $263,000 for stock that it could buy in the open market for a small fraction of that amount?
Is this the North American Energy Group that was the lender?
http://www.naeg.com/
Is this?
http://www.northamericanenergy.net/
Do you suppose the lender would like to loan me some money on the same terms? It could be a 1 day or 1 month or 1 year or 1 decade "bridge loan" as far as I am concerned. Even if one assumes that Labwire has a promising future -- and the latest numbers are comforting, but not exciting -- why couldn't I take the loan proceeds and go buy stock in the open market? I mean, does anyone really think that this report will drive the share price above a nickel, where it was before a crisis of confidence caused the latest death spiral?
Above all, what the hell am I missing here?
Thanks in advance for any light you can shed on this for me.
Steve
I tripped over this stuff when I googled Pacific Webworks. As I typed in the company name, the automatic google feature popped up an entire category "Pacific Webworks scam." I didn't go looking for it. It was there to click on.
There are pages and pages and pages of Google links to ripoff stories. Yes, many are dated. However, some are quite recent:
http://forums.moneysavingexpert.com/showthread.html?p=23951133
I have not attempted to quantify the recent ripoff stories and compare them to 2 year old stories. Perhaps as you suggest, this is an old problem that has been fixed, and the credit card fraud complaints linked above are anomalous.
I do note a drumbeat of recent PRs from the company to the effect that the upcoming revenue numbers will be great. Hell, maybe the stock will go to $1. But I became concerned there was so much selling in the face of these PRs. And I do wonder how much of the revenue is recurring credit card charges that were never authorized.
It only takes one class action filing to tank the stock, and if the credit card fraud is pervasive . . .
I was responding to another post about the late 10Q for Q1. The assertion was made that Q1 report was not filed. It was.
I am well aware of the upcoming 10Q, but it is not yet due (i.e., is not late).
I sold a few days ago at $.32 because of concerns over all the scam accusations, especially those involving credit card fraud:
http://www.google.com/search?hl=en&q=pacific+webworks+scam&aq=1&oq=pacific+webworks&aqi=g2
It could be that this information is dated, and the company has mended its ways, but I decided to take some quick profits and get out.
It is out. It was filed.
What 10Q is late?
It will be interesting to see if the Company provides guidance for the balance of the year when it reports.
"Scare tactics" with this stock are hardly necessary. The price history over the past 2 years is scary enough.
There is no reason for this to "trend higher." The silence from the company tells volumes about where we are. This is not an "accumulation" stage -- it is a death spiral.
Looks like another shareholder throwing in the towel -- 30,000 shares at $.017. Seems pretty clear that the Company is in trouble and that numbers are bad.
Another shareholder giving up driving us below $.02. Looks like this one is going to zero.
Form 4 filed by Lord Steinberg for the 1 million shares.
Another shareholder giving up at $.025 per share. Seems pretty clear that if numbers were good we would have them by now. My calls to company have gone unreturned.
Bob:
Yesterday and today, another volume spike and upward price movement. Hoping for good news.
Best,
Steve
Now a formal PR to that effect:
http://finance.yahoo.com/news/China-Kangtai-Cactus-Biotech-prnews-15345209.html?.v=18
Bobwins:
Big move today on huge volume. Do you suppose there is more news on the horizon re 2d phase of trial?
Thanks.
Steve
TVOC.ob:
Reports $1.96 in earnings for 2008, vs. $.96 for 2007.
http://ih.advfn.com/p.php?pid=nmona&cb=1238509886&article=37107131&symbol=NB%5ETVOC
Currently, $6.15 x $7.50
For me the journey thus far has hardly been enjoyable. Hoping for better things ahead.
It means the lawsuit cannot be brought again.
My read of the docket entries is that the case has been settled. I don't know anything about this particular lawsuit, but have handled civil litigation for 35 years. Dismissal almost invariably follows settlement. This does not mean that the plaintiff received a lot (or even any) money. But it does mean that case is over because the parties settled.
Tax loss selling does not explain today's activity. To get out of any decent sized position you need to take less than $.04 per share. Discouraging, to say the least.
I don't know. More than 75,000 shares sold today at less than $.04 per share. This stock lends new meaning to the word patience.
rrufff re VSYS:
Announces new contract:
http://biz.yahoo.com/iw/080826/0428399.html
Do you still own this stock?
Thanks.
Steve
I think your read on the ultimate trend is exactly what the PR wants to confirm.
It takes a lot of reading between the lines, and may just be wishful thinking on my part, but I get from this that the AYSI "Board" feels recent selling is way overdone. If I didn't already own a ton of this stock, I would be buying more.
AYSI issues PR re revenues, earnings:
http://biz.yahoo.com/iw/080812/0424127.html
Steve
ZYXI files for AMEX listing:
http://biz.yahoo.com/bw/080812/20080812005361.html?.v=1
Steve
Sorry.
COBR:
10Q for Q3:
Reports $.26 in earnings for quarter:
http://biz.yahoo.com/e/080811/cobr10-q.html
Steve
Bob re EMHD.ob:
Sounded like terrific news to me. I bought a bit more this morning.
Steve
EMHD.ob
Announces new contracts:
http://biz.yahoo.com/prnews/080805/latu022.html?.v=101
Steve
I am very long this stock, and believe that it is a well run company with very good potential. It has grown steadily, made an intelligent acquisition, entered into 2 strategic relationships, and as far as I can tell is straight with its shareholders. It has not catered to the "to da moon" crowd, and I think there will be steady but not explosive share appreciation.
It seems to me that the one thing that could accelerate the timetable is a recent affiliation with USIS. USIS is a big company, and presumably is in a position to send significant work to Labwire. But I haven't seen any numbers. Frankly, it may be that the company itself does not yet have a handle on how meaningful the impact is likely to be. If the relationship translates into increased earnings, this thing could take off in a hurry.