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how long will that take, if it stays 24-26 range?
TIA
AMA33
Thank you for posting the NTHD chart.. But for those of us that dont understand or know how to read charts, would you be kind enough to explain your comment:"***NTHD Chart...on watch here for a nice move"
What tells you that there is a nice move pending?
Thanks in advance.
25 million +/- additonal shares to raise the cash for merger fee
Here is the key statement:
Each Share of United Common Stock, par value $0.001 per share, issued and outstanding immediately prior to the Effective Time, shall be cancelled and extinguished and converted automatically into the right to receive an amount of cash equal to the quotient obtained by dividing (i) the sum of (A) the Merger Consideration, less the Aggregate Preferred Stockholder Payment, and (B) the Aggregate Option Exercise Price by (ii) the sum of (A) Aggregate Common Shares and (B) the total number of United Options (which quotient is the “United Stockholder Per Share Payment”). Set forth on Schedule 3.1(a) are the names of each holder of United Common Stock and the number of Shares owned by each.
There are 167,000 preferred shares that will be redeemed for cash at $1.85 per share.($308,950). PLUS
divide by 3,269,111 options at prices of 2 cents, 4 cents and 11 cents. I am Unable to determine how many at each price. However assuming (never assume) a little over 1 million in each category, then about $185,250 ($21,794..+$43,588..+$119,867)
DIVIDED by 7,100,899 shares
So...$10,778,950 minus $308,950 + $119,867 or $10,350,113
So $10,350,113 divided by 7,100,899 = $1.46
Anybody care to double check these numbers, I need a drink!
ARTICLE III. EFFECT OF THE MERGER
3.1 Effect on Shares, United Options and Merger Sub Capital Stock. As at the Effective Time, by virtue of the Merger and without any action on the part of Parent, United, Merger Sub, or the United Stockholders: Each Share of United Common Stock, par value $0.001 per share, issued and outstanding immediately prior to the Effective Time, shall be cancelled and extinguished and converted automatically into the right to receive an amount of cash equal to the quotient obtained by dividing (i) the sum of (A) the Merger Consideration, less the Aggregate Preferred Stockholder Payment, and (B) the Aggregate Option Exercise Price by (ii) the sum of (A) Aggregate Common Shares and (B) the total number of United Options (which quotient is the “United Stockholder Per Share Payment”). Set forth on Schedule 3.1(a) are the names of each holder of United Common Stock and the number of Shares owned by each.
(b) Each outstanding (as of immediately prior to the Effective Time) United Option held by the United Optionholders set forth on Schedule 3.1(b) shall be terminated and cancelled and converted into the right to receive:
(i) for each United Option with an exercise price of Two Cents ($0.02), an amount equal to the United Stockholder Per Share Payment, less Two Cents ($0.02);
(ii) for each United Option with an exercise price of Four Cents ($0.04), an amount equal to the United Stockholder Per Share Payment, less Four Cents ($0.04); and
11
--------------------------------------------------------------------------------
(iii) for each United Option with an exercise price of Eleven Cents ($0.11), an amount equal to the United Stockholder Per Share Payment, less Eleven Cents ($0.11).
(c) Each Share of United Preferred Stock, par value $0.001 per share, issued and outstanding immediately prior to the Effective Time, totaling 167,000 Shares of Series B United Preferred Stock, shall be cancelled and extinguished and converted automatically into the right to receive that portion of the Merger Consideration, payable in cash (without interest), at $1.85 per share. Set forth on Schedule 3.1(c) is the name of each holder of United Preferred Stock and the number of Shares owned by each.
(d) Each share of United Common Stock or United Preferred Stock held in the treasury of United, or owned by any of the Parties other than the United Stockholders, in each case immediately prior to the Effective Time, shall be canceled without any conversion thereof and no consideration shall be paid with respect thereto.
(e) Each share of common stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one fully paid and non-assessable share of common stock, par value $0.001 per share, of the Surviving Corporation with the same rights, powers and privileges as each share so converted, and shall thereupon constitute the only outstanding shares of capital stock of the Surviving Corporation.
.3 Capitalization of United. The entire authorized capital stock of United consists of 15,000,000 shares. United is authorized to issue 12,000,000 shares of common stock having a par value of $0.001 per share (“United Common Stock”), of which 7,100,889 shares are issued and outstanding. United is authorized to issue 3,000,000 shares of preferred stock having a par value of $.001 per share (“United Preferred Stock”), of which 167,000 shares of Series B preferred stock are issued and outstanding. No other series of preferred stock is issued and outstanding. All of United’s issued and outstanding shares of common stock and Series B preferred stock have been duly authorized, are validly issued, fully paid and non-assessable, and are held of record by the stockholders listed on Exhibit 2. The United Options consist of options to purchase 3,269,111 shares of United Common Stock under The United Strategies 2001 Stock Option Plans, held by the United Optionholders listed on Exhibit 3. There are no: (a) United stock option plans than The United Strategies 2001 Stock Option Plans; (b) other options to purchase United Common Stock than those held by the United Optionholders listed on Exhibit 3; (c) option plans under which any Person may purchase United Preferred Stock; and (d) options to purchase United Preferred Stock. To the knowledge of United, no United Optionholder would refuse to execute the United Option Letters or refuse to deliver the United Option Letters to the Escrow Agent, or refuse to accept that portion of the Aggregate Common Stockholder Payment payable to such United Optionholder. United believes, in good faith, that each United Optionholder will execute and deliver the United Option Letter, and accept that portion of the Aggregate Common Stockholder Payment payable to such United Optionholder. Other than this Agreement, and those options to purchase United common stock listed on Exhibit 3 there are no outstanding or authorized options, warrants, rights, contracts, calls, puts, rights to subscribe, conversion rights, registration rights or other agreements or commitments to which United is a party or which are binding upon United providing for the issuance, disposition or acquisition of any of its capital stock, nor any outstanding or authorized stock appreciation, phantom stock or similar rights with respect to United.
From today's filing it appears that we have some new management, exactly what so many people have been clamoring for. Mr Bethell will be CFO and Mr. Brown will be COO with Mr Adams hopefully steering them business from his commercial ventures......
(iii) William H. Bethell is the Chief Financial Officer and a member of DHAB whose principal business is acting as the Chief Financial Officer of AXIS. Mr. Bethell has his principal business address at 211 Pine Street, Massapequa Park, New York 11762. Mr. Bethell is a citizen of the United States.
(iv) Daniel L. Brown is the Chief Operating Officer and a member of DHAB whose principal business is acting as the Chief Operating Officer of AXIS. Mr. Brown has his principal business address at 2620 Thousand Oaks Boulevard (Suite 4000), Memphis, Tennessee 38118. Mr. Brown is a citizen of the United States.
AND
ii) J. Kevin Adams is the Chief Executive Officer and a member of DHAB whose principal business is serving as the Chief Executive Officer and Chairman of the board of directors of IRC – Interstate Realty Corporation. Mr. Adams has his principal business address at 2620 Thousand Oaks Boulevard (Suite 4000), Memphis, Tennessee 38118. Mr. Adams is a citizen of the United States.
I sure wouldn't lend or invest $6 million in a company if I didn't have a good feel about it. I would think this organization has done their due diligence and is looking for a big payoff sometime down the road. I believe every thing we have heard in the past few days, lends itself well to a company that is getting back on its feet. (yes, the numbers weren't great, but they were only thru Sept 09. Now maybe they will accelerate the filing of more current info. Many here have posted that AXTG didn't have the money to issue any PRs, file their numbers or literally do anything. And that could very well have been a primary reason the company has been paralyzed for so long. Maybe government entities or corporations did not want to do business with a company that was on its last leg. This infusion of capital definitely adds a huge degree of financial stability. They are out from under a terrible note to Gemini, but have issued a lot of stock to do so. But the filing states IRC does not have any immediate intention of selling any. That is good for us shareholders. Now maybe with such a large investor, additional and more capable management are joining the ranks allowing Kip and Jim to do their thing.
I have been a share holder for several years and plan on sticking around to see what transpires..GLTA
Spiral Tiger,
The Friday volume was over 15 1/4 million (just a little more than you stated!). And as you know we entered one of the Russell Indexes. Thus all of the index funds were obligated to purchase those shares and I believe that the large block at the close and most of the other large blocks later on, were the funds reconstituting their holdings. Those shares are now locked up for at lest one year or until we are bought out.
I can't wait for the end of qtr results and hopefully an announcement as to what they are using the loans that were recently refinanced and increased.
Good investing to all.
http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=showschedule
QTWW presents at 9:45am (PST) on Thursday. Presentation available free on the internet at this website.
Good investing to all.
While I am with you on your exuberance for QTWW, I have to say your choice of teams to root for, leaves a lot to be desired. If I am not mistaken, your tin men lost Friday and Saturday and are lucky to have a slight lead in today's game..
Best of luck to our investing in QTWW. I think we have a great future too! But think twice about which baseball team to root for.
I will however say that you have a great state and I think a super ballpark. Very cozy and very enthusiastic fans..
I guess it means the 45 million officer shares are eligible to be sold
PR TODAY
We did have a PR today,pennypusher, unfortunately, not the type we want to see...
http://www.amtddj.inlumen.com/bin/djstory?StoryId=CrBbquaebqLqWmdu1mZq
DJ Walgreen Disputes Lighting Co. Claim On Installations>WAG
01/19/2007
Dow Jones News Services
(Copyright © 2007 Dow Jones & Company, Inc.)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Axis Technologies Inc. (AXTG), which calls itself "The Future of Fluorescent Lighting," may be in hot water over a 2006 press release claiming its products were being installed in Walgreen Co. (WAG) locations.
In a Nov. 16 press release, Axis Technologies, of Lincoln, Neb., said a private energy-consulting firm notified it of the Walgreen installation. Axis called that "an incredible opportunity" to showcase its energy-saving lighting technology - and its stock, which trades in the Pink Sheets, jumped nearly 43% the next day.
Walgreen disavows the release, as does Energy Solutions Group, an Appleton, Wis., consulting firm whose clients include Walgreen, and complained to the Securities and Exchange Commission.
"The press release is just not an accurate representation," said Walgreen spokeswoman Tiffani Bruce. She said Deerfield, Ill.-based Walgreen has 5,584 drugstores and, to date, no equipment from Axis has been installed in any of them. She said Walgreen raised concerns with Axis, but if it issued a correction, "we haven't seen one."
Energy Solutions Group President Michael Verkuylen said he only learned of the release after it was issued, when Walgreen executives phoned him and were "none too pleased by it."
"We've contacted the SEC," said Verkuylen, adding that he understands the agency has begun a formal investigation into the matter. SEC spokesman John Heine declined to comment.
Axis Chief Executive Kip Hirschbach and President Jim Erickson said they're not aware of having done anything wrong. They said they've apologized to Walgreen, and called the press release "100% true."
Executives offered conflicting accounts of how the press release came to be issued. Verkuylen said his firm tested the Axis ballast - which adjusts fluorescent lighting based on the level of natural light available - in its own offices. He said the energy-saving product was promising enough that his firm decided to try it at two Walgreen locations, and supplied shipping addresses to Axis without identifying them as Walgreen stores. He thinks Axis figured out where the shipments were headed and issued the press release without checking with him or Walgreen.
Verkuylen said that on the advice of its lawyer, his company has had no subsequent contact with Axis. While "they seem to have a decent product," Verkuylen said, "we can't work with companies that are unscrupulous."
For their part, Axis Technologies executives say they received emails from Energy Solutions stating their product would be tested at Walgreens. Robert Axelrod, a Houston lawyer who represents Axis, said the company won't release the emails and "has no further comment."
Axis hasn't been shy in the past about issuing upbeat information. Its Web site's "success stories" feature a Texas A&M University Energy Systems Laboratory study comparing Axis ballasts against a competing product in a terminal at the Dallas-Fort Worth airport. The 2005 report concluded the Axis product was superior, offering energy savings of up to 37%.
Harold Huff, an associate research engineer at the lab in College Station, Texas, said he wasn't aware that Axis Technologies had posted the findings, but said the results are accurate. He said ballasts used in the test were donated and that the airport hasn't made any decisions yet on purchasing the product.
Brite-Lite, a wholesale lighting distributor in Vancouver, British Columbia, is another fan. It has an exclusive distribution agreement to sell Axis products in Canada, which Axis announced in a Dec. 1 press release. Brite-Lite sales manager Dave Sinclair said his firm is impressed with the Axis product. He said he was quoted accurately in the release and termed Axis' estimate that the deal would generate more than $5 million in sales this year "a possibility."
Axis projects 2007 revenue will approach $13 million and nearly double, to $25.8 million, in 2008. Its stock, which jumped above $1 a share on Nov. 17, hit $2.16 a share last week, a one-year high. It closed Thursday at $1.83.
Shares in the company were rising even before the Walgreen announcement. One reason: Beacon Equity Research, of Plano, Texas, issued a Nov. 13 report predicting Axis stock would outperform the market and set a one-year target price of $3.06 a share. Editor Jeff Bishop said the research firm doesn't have an equity position in Axis and was paid $6,750 by an Axis shareholder to produce the report. Axis executives said the company didn't pay for the bullish research report.
-By Judith Burns, Dow Jones Newswires; 202-862-6692; judith.burns@dowjones.com
(END) Dow Jones Newswires
01-19-07 1403ET
jzman22
Did Charlie ever get back to you with answers to those questions? Did you also ask him about the Roth Conference I posted the other day.
I sent him 2 more emails and Jim and neither one responded.
Nice? Very shareholder friendly!!!
PR out
Axis Ballast Named Top 100 Product Pick by Buildings Magazine
Business Wire - January 09, 2007 12:19
LINCOLN, Neb., Jan 09, 2007 (BUSINESS WIRE) -- Axis Technologies Inc. (Pink Sheets:AXTG) announced today that their Dimming/Daylight Harvesting (DDH) ballast was featured in Buildings Magazine as an Editor's Choice Top 100 Product Pick. Thousands of products were reviewed by Buildings magazine editorial staff and outside facilities professionals, and 100 products were selected based on a number of factors--ease of use, durability/life cycle, efficiency, universal appeal, and sustainability/green elements. The magazine published a picture of the Axis ballast along with a description of the ballast's operation. "Axis takes advantage of a free natural resource--sunlight--to save energy costs without compromising lighting performance", as stated in the Buildings Magazine article. "This article is fantastic publicity for the Axis Dimming/Daylight Harvesting ballast to the commercial building sector, and should prove to be invaluable in developing the lighting retrofit market", stated Kip Hirschbach, CEO of Axis Technologies. The article can be found in the Buildings Magazine website: www.buildings.com.
About Buildings Magazine
Buildings magazine is published by Stamats Business Media, headquartered in Cedar Rapids, IA. Buildings is a 100-year old publication that reaches 72,000 building owners and professional facilities managers. Its readers are responsible for over 4.4 million commercial and institutional buildings nationwide. Buildings has won 60 awards for editorial, design and circulation excellence, including a Jesse H. Neal Award, the "Pulitzer" for business publications. Buildings also publishes five monthly e-newsletters, including Bottom Line Energy News, featuring articles that educate building decision makers about energy-saving new products and technologies.
About Axis Technologies Group, Inc.
Axis Technologies Group, Inc. conducts its business through a wholly owned subsidiary, Axis Technologies, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technologies, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting (DDH) ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast.
About the Axis DDH Ballast
A "ballast" is an electronic component that regulates voltage in fluorescent lighting. Axis Technologies Group, Inc. has developed an innovative new ballast with the aim of expanding daylight harvesting into mainstream fluorescent lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the ballast, a once standard lighting industry staple, into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis DDH Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture, and then dims or increases lighting in conjunction with the amount of available sunlight that may be harvested from available windows and sunlight. The Axis DDH Ballast avoids "over-lit" conditions that increase energy costs by keeping lighting "tuned" to the desired level in a designated area.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
SOURCE: Axis Technologies Inc.
Investment Relations Group, LLC.
Charles Garcia, 305-373-7555
Email: IRgroupCG@aol.com
Fax: 630-578-0470
Copyright Business Wire 2007
this is on the wire today. Only a repeat of old news, and obviously not helping. I am wondering if officers are selling. What a great purchase I made at $2.48! LOL
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
RealPennies: Alerts: Turning Pennies into Dollars (OTC:VXGN), (OTC:KEGS), (OTC:TIER), (OTC:OCTL), (OTC:AXTG), (OTCBB:DHBT).
Jan 09, 2007 (M2 PRESSWIRE via COMTEX) -- RealPennies.com ALERTS: reporting on dollar volume movers: VaxGen, Inc. (OTC VXGN), Key Energy Services, Inc. (OTC KEGS), Tier Technologies, Inc. (OTC TIER), Octillion Corp. (OTC OCTL), Axis Technologies Group, Inc. (OTC AXTG), and DHB Industries, Inc. (OTCBB DHBT).
To enroll your publicly-traded company in our exclusive public awareness programs, please email getfeatured@realpennies.com or call 1.800.940.6559 .
Axis Technologies Group, Inc. (OTC AXTG) Monday's market went down 2.23% to $2.19 per share, with a total of 195,862 shares traded.
The company announced that it has begun manufacturing the Axis Dimming/Daylight Harvesting (DDH) fluorescent ballasts in 347 volts for Distribution by Brite-Lite, Inc. to the Canadian market. The Canadian market requires additional voltage in comparison to the 120 volt ballasts used in the US Market. Axis announced on November 29, 2006 that the company signed a national distribution agreement with Brite-Lite, Inc., a wholesale lighting distributor headquartered in the Vancouver, British Columbia area. Under the terms of the agreement, Brite-Lite (www.brite-lite.com) will be the exclusive sales and distribution agent for Axis products in the Canadian market. "Axis Technologies is very pleased to be working with Brite-Lite to introduce our ballasts to the Canadian market, and the additional voltage is a commitment by Axis to support this market. Bright-Lite is also very enthusiastic about adding our unique ballasts to their product line", said Kip Hirschbach, CEO of Axis Technologies. "Axis anticipates that this distribution agreement will lead to over $5,000,000 in sales over the next year", he added.
Axis Technologies Group, Inc. conducts its business through a wholly owned subsidiary, Axis Technologies, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technologies, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting (DDH) ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast.
jzman22,
Did you hear anything from them?
Here is something else you may want to send them.. There is a conference taking place for small caps in California in Feb. Here is the info. Maybe you can copy and paste it to him.
Largest U.S. Conference for Micro and Small Cap Stocks to Be Hosted by Roth Capital Partners on February 19-22, 2007
19th Annual SoCal Event to Highlight over 300 Companies, Plus Sessions on Options Backdating, Reverse Mergers, Pipes and Listing Alternatives for Growth Companies
Roth 2007 OC Conference
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--The “OC” will serve as the backdrop for the nation’s largest institutional investor conference for small and micro cap companies when Roth Capital Partners hosts its 19th Annual Stock Conference, scheduled for February 19-22, 2007 at the Ritz Carlton in Laguna Niguel, California.
A record number of over 300 companies from industry sectors such as Financial Services, Technology, Healthcare and Consumer Goods will be highlighted during the three-day conference. The average market cap of the presenting companies will be approximately $360 million; in keeping with Roth’s goal of finding undiscovered and under-followed companies that may become tomorrow’s Wall Street leaders.
“As a research-driven event, our goal is to select companies, both US and internationally-based, with attractive growth prospects that may offer investors compelling investment opportunities,” said Rusty Hoss, CFA and Director of Research.
In addition to company presentations, Roth will offer educational panels on topics of interest to emerging growth companies, including Options Backdating, Reverse Mergers, PIPEs and Listing Alternatives for Growth Companies.
Supporting sponsors of the 2007 February Stock Conference include Bowne; Business Wire; Cingular; Dow Jones; Lowenstein Sandler; Thelen Reid Brown Raysman & Steiner; OTC/QX; Thomson; Wall Street Webcasting; Capital IQ; Loeb & Loeb; Paul Hastings; and Stradling, Yocca, Carlson & Rauth.
Additional sponsors include the American Stock Exchange; Barney & Barney, LLC; Catalyst Financial Resources, LLC; CCG Communications; Dorsey & Whitney LLP; The Global Consulting Group; Kirkpatrick & Lockhart Nicholson Graham LLP; Liolios Group; Marsh; Merrill Corporation; Mayer Hoffman McCann PC; Moss Adams, LLP; Nasdaq; Pink Sheets; Reed Smith; Richardson Patel; Rutan; Sichenzia Ross Friedman Ference, LLP; Singer Lewak, Greenbaum & Goldstein, LLP; Snell & Wilmer; Stroock & Stroock & Lavan, LLP; The Piacente Group; Tradeware Global; Vintage Filings, LLC; Weinberg & Company, P.A. and Junior Achievement.
For registration information for this invitation-only conference, contact your Roth Capital Partners representative, or the conference desk at 800-678-9147.
For more information on the conference and updated list of company presenters, visit the Roth conference website at: http://www.rothconference.com/presentcompany.html.
Media inquiries and press credentials only: contact Nevena Orbach of The Orbach Company, Inc. at 818-904-0500.
About Roth Capital Partners, LLC:
With headquarters in Newport Beach, California and offices in strategic locations in the Western United States, Roth Capital Partners, LLC is a full service investment bank serving corporate and institutional clients throughout the world. Roth offers a wide array of investment banking services including: initial public offerings, follow-ons, PIPEs, private placements, mergers and acquisitions, investment research, and institutional sales and trading. The firm is perhaps best known for finding, funding and fostering the growth of emerging companies. Over the last ten years, Roth raised over $8.7 billion for small and micro cap public companies and completed over 123 merger, acquisition and advisory assignments. . It is a member of the National Association of Securities Dealers (NASD), and the Securities Investor Protection Corporation (SIPC). Visit the Roth Capital Partners website at www.rothcp.com.
Jzman22,
What do you mean, even though I am a Yankee fan? That is the best team money can buy, and now that they are unloading Johnson, their pitching staff is much improved. Now if we could pick up Clemens for a full year!!!
I would certainly hope the demand in NYC is great, as it is all over the US. Think in terms of some of our retailers, such as Walmart, or Home Depot or the like.. Think of all the energy and money that could be saved while AXTG is reaping the benefits. I do not doubt that they have a tremendous product and it is only time before it takes off. I would, however, just like to see something concrete in writing, not just the potential. I know they have installations in airports and schools, but give a clue as to some of the new ones. Throw us a bone..
I had emailed Charlie and he responded once to which his response prompted another email by me and it has been 3 weeks and two other reminder emails to him, with no response.
If he is in charge of promoting the company he has a funny way of acting in a positive way and instilling good will!!
If you have contact with him ask a question or two for me.. If there are 60 million shares outstanding and only a 15 million float,(which he did tell me) where are the other 45 million shares? (which he is not answering) In whose hands and what restrictions are there on those shares? (which he is not answering) Can the owners sell them now or do they have to wait a period of time and what is that date?(which he is not answering) Good luck to you in getting answers and reporting back.. If I ever hear, I will be certain to post the response here. Maybe that is what they are afraid of. I hope not!
Wilco,
You have proven my point. Please read what you have written from the PR....
This is a start:
"Axis anticipates that this distribution agreement will lead to over $5,000,000 in sales over the next year", he added.
It says ''ANTICIPATES that this will lead to''.. It doesn't say anything like "RESULTS IN A CONTRACT for $5 Million." The operative word is ANTICIPATES.
I anticipate winning the lottery everytime I play. I am not looking to be argumentative.. I am only looking for something concrete from the company. A TV commercial several years ago said it best "Where's the Beef?" or that Tom Cruise movie a number of years ago where Cuba Gooding says "Show me the Money"..
Thanks, though
>>Could you explain the duplicity that a Brite lites or a DFW would have in falsely supporting and promoting Axis. TIA for your good will and concern for the long shareholders on this board.<<
There are no false statements..These are merely agreements to possibly do business. Where are the actual announcements for contracts and their values?
As a shareholder, I am a little disappointed not to see anything concrete by now.
With 60 million shares and a float of 15 million, when will all that other stock be hitting the market place, or is it slowly dribbling in?
I have emailed Charlie a couple of times for answers and there been none. Is that the way an IR supports the company?
RTN,
Thank you for all your hard work and research and supplying the board with info and answers to questions. Now I will ask your indulgence to clarify a few items, as best you can.
The award is for $7.5 million and 15% of first $100 million and 20% of next $100 million in sales. OK here come the questions::::::
#1 Is $42.5 million the absolute highest total due? or
#2 Is there going to be 15% and 20% on each year's revenues?
#3 How much revenue has been produced so far?
#4 If there is not $200 million in revenue so far, would they still be required to escrow the $35 Million in anticipation or would they only have to place in escrow that % of present revenues and not deposit additional amounts until say every qtr?
And last...
#5 Does the company have any insurance that would cover these infringement fees?
Thanks in advance.
Management Reply
jzman,
Thanks for your comments. I am curious about the 45 million restricted shares. Who is in control of that stock? Is any of it in the treasury that is being used to pay the newsletters such as this mornings reporters? Just the 3 founding officers? So they own 45 million shares? And what are the time restrictions before they can sell? 3 months, 6 months a year? If you know, please share. Thanks in advance.
Is HISC presenting at this? IN DC tomorrow..
http://www.hsiconference.com/
I understand that the outstanding shares are 60 million and the float is only 15 million. I would wonder who owns the other 45 million. Are they treasury stock or closely held? If closely held by the officers are there any restrictions on when they can sell. Are some of them selling now to capture back their initial investment? I feel they certainly are entitled to, but if they are, please go easy.
Great product with excellent potential.