I need a new back!
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.
promotion alert
--------------------------------------------------------------------------------
Date/Time of Promotion Alert: 11-23-2001 09:32 EST
Company: USIX - USinternetworking Inc
Stock Price @ Publication: $ .27
Volume @ Publication:0
PROMOTER: Momentum Traders
HEADLINE: Momentum Traders adds USIX to Watch List
PROMOTION ALERT BODY:
PROMOTION SUMMARY:
Momentum Traders has added USIX to their watch list. The newsletter said, "USIX has been receiving increasing member mails."
KNOBIAS COMMENTS:
USIX traded 6,220,000 shares on Tuesday and closed the session at $0.270 up from the opening price of $0.240. USIX has a 20-day average trading volume of 4,167,830 shares per session. USIX is trading at the near-term upside resistance price of $0.270. The stock is also trading at the high end of the 30-day trading price range of $0.190 to $0.270.
PROMOTER'S COMPENSATION/HOLDINGS:
Momentum Traders reserves the right to trade in any stock that they mention, but specific information about their holdings in USIX is not available.
URBANA.CA INC - Subsidiary Signs Agreement to Provide Enterprise Portal - to Boatcan.com
THURSDAY , NOVEMBER 22, 2001 08:16 AM
New York, New York, Nov 22, 2001 (Market News Publishing via COMTEX) -- Urbana.ca, Inc., announced that its wholly-owned subsidiary, Urbana Enterprises Corp. has signed an agreement with Boatcan Computer Boat Sales Ltd to integrate the content of Urbana's enterprise portal and the Boatcan.com marine website thus providing various new applications and services in a new and expanded marine portal.
The implementation of the Urbana Enterprise Portal enables Boatcan.com to expand many of its services and to achieve previously unattainable objectives for meeting the needs of its clients. The infrastructure of the portal is scalable and modular to enable Boatcan.com to further grow and easily reach its user market and supplier community. The boating user will have access to new tools to make their activities easier and more enjoyable. The boating suppliers and marinas will be able to provide their customers with timely and relevant products and services. Boatcan.com should grow their revenues more rapidly, through the introduction of new technology and applications while expanding its services to meet the current needs of the boating community.
For Urbana the addition of Boatcan.com to its growing base of community and enterprise portals validates the Enterprise Portal offerings. Urbana should by this December reach in excess of one million hits per month further validating the Urbana community and enterprise model. Once implemented, as new applications, products and services are made available, the revenue sharing formula should ensure the mutual success of Boatcan and Urbana.
David M. Groves, President & CEO said, "This is yet another example of how companies can capitalize on the unique functionality of the Urbana enterprise portal solution. The portal will incorporate many unique marine applications and will be integrated with our community portals thus providing distinctive marine content to each community."
David McPhail, President of Boatcan Computer Boat Sales Ltd. recently said "This portal integration and partnership with Urbana will truly enable both Boatcan and Urbana the opportunity of providing boaters the most unique and complete service in the Canadian marketplace and possibly worldwide. Although it is a 'win-win' situation for Boatcan and Urbana, professional and individual boaters will ultimately gain the most."
daily brief
--------------------------------------------------------------------------------
Date/Time of Brief: 11-21-2001 13:38 EST
Company: Destiny Media Technologies Inc
Subject: Trading Alert
Stock Price @ Publication: $ 0.100
Volume @ Publication: 297,700
DAILY BRIEF BODY:
Destiny Media Technologies Inc. (OTCBB DSNY) is trading higher in the session at this time, on volume 812% higher than its 20-day average daily share volume.
The company announced in a press release today, the signing of an exclusive agreement with Tokyo based IMM to distribute the companys products in Japan. Terms of the agreement include; the company will receive 10% of the outstanding shares in IMM, a guaranteed annual minimum revenue stream, and a percentage of sales. To maintain the agreement, IMM has to reach minimum sales targets, which is tied to the companys performance in North America.
The company last filed with the SEC on July 16, when a quarterly report was filed with the commission.
Shares of company are trading higher than three of four moving averages, at a level equal to the first two of four near term technical upside price resistance levels at $0.100, as calculated by Knobias technical analysis. The stock has a 30-day closing range of $0.070 to $0.100.
Destiny Media Technologies, Inc., a development-stage company, owns a proprietary media compression format which is used to deliver real-time streaming media, such as Internet radio, on an on-demand basis called ".dny." The Company's products include the Destiny Media Player, RadioDestiny Broadcaster™, RadioDestiny Broadcast Network™, and RadioDestiny Repeater™. The Company sells its products in the United States and Canada.
critical alert
--------------------------------------------------------------------------------
COMPANY: GLEE - GL Energy & Exploration Inc
DATE/TIME: WEDNESDAY, NOVEMBER 21, 2001 12:39 ET
GLEE schedules Forward Split
CRITICAL ALERT BODY:
GL Energy & Exploration, Inc (OTCBB:GLEE) is to effect a 3.5 to 1 forward split of its common stock on December 6, 2001.
As of October 13, 2001 the company reported a total of 3,251,000 shares of common stock issued and outstanding. As a result of the forward split the company will have approximately 11,378,500 shares of common stock outstanding.
The stock has traded 600 shares during today's session at $5.00, representing a price increase of $4.50 or a gain of 900%. Currently, the bid price is $0.500, while the ask shows $7.00.
The company's President, Mitch Geisler was not available to comment on the upcoming forward split, or today's trading activity.
Is PHOX still in play?
Man o man, how many shares are there for LUMT @ .15?
Each time I look they have another 100,000 loaded up.
I would like to wish everyone here a safe and happy Thanksgiving. I give thanks everyday for a great and loving wife along with many other things.
Happy Thanksgiving!!
ukie
hey bb, I thought you had the service already.
If You are a Knobias MEMBER ENTER HERE
Would You Like to Become a Knobias Member? JOIN TODAY
Like to Take Advantage of our Special Offer? 14 Day FREE TRIAL
If You Join What Will You Get? FIND OUT MORE
Only $19.95 monthly or $199.95 annually (2 months FREE) JOIN NOW
Flanker, how was your ride with?
Had many of those when I was working.
Co.'s such as Mennen, Colgate Palmolive, Georgia Pacific, American Home Foods and so on...............
Sort of miss those days, hope things went well.
--------------------------------------------------------------------------------
Date/Time of Brief: 11-21-2001 10:51 EST
Company: Compusonics Video Corporation
Subject: Trading Alert
Stock Price @ Publication: $ 0.043
Volume @ Publication: 287,000
DAILY BRIEF BODY:
Compusonics Video Corporation (OTCBB CPVD) is trading higher this session, on volume 248% greater than its 20-day average daily share volume.
The company has issued no news in the last 90-days, and last filed with the SEC on November 13, when a previously delayed annual report was submitted to the commission.
Traders have been puzzled in popular on-line discussion forums, as the stock has trended higher, but the company has not updated investors in the form of press releases in recent weeks.
Knobias contacted the company today, in an effort to determine the forces behind recent increased interest in the company's stock.
President and CEO David Scull informed Knobias that there are no developments at the company that he could discuss publicly at this time.
Shares of the company are trading at a level higher than four of four moving averages, and fractionally higher than consolidated technical upside price resistance at $0.040, as calculated by Knobias technical analysis. The stock has a 30-day closing price range of $0.010 to $0.040.
CompuSonics Video Corporation has been a development stage company with the intention of developing a system to make video recordings, digitalize video images, and playback digital data on a television monitor. The Company's main activity since inception has been to obtain equity capital for the development of its digital video recording and playback system. The Company has been licensing its patent portfolio to various companies.
other briefs
Had to post this 3com info.
Loaded with stock and options. Plus my wife works for this fine company as a senior writer.
3Com SuperStack 3 Switch 4400 Displaces Cisco Products in Customer Accounts
Industry's First 48-Port 10/100 Switch With Layer 4 Traffic Classification; More Feature-Rich and Affordable Than Cisco Equivalent
MONDAY , NOVEMBER 19, 2001 12:29 PM
SANTA CLARA, Calif., Nov 19, 2001 (BUSINESS WIRE) -- 3Com Corporation (Nasdaq: COMS) today announced that the 3Com(R) SuperStack(R) 3 Switch 4400 switches are increasingly displacing Cisco products in customer accounts. The SuperStack 3 Switch 4400 family was launched recently to outstanding reviews in the media, market analyst and testing lab communities. Today, 3Com is expanding the SuperStack 3 Switch 4400 switch family with the introduction of a new 48-port version with double the port density in a stackable switch. The new offering is the industry's first 48-port switch with Layer 4 traffic classification.
3Com's success against Cisco at customer accounts is evident at the Exeter Township School District, which replaced aging Cisco equipment with an all-3Com LAN switch network. This new 3Com enterprise solutions customer found Cisco's gear more expensive and with fewer features than 3Com's comparable products. The school district, which is located in Pennsylvania, instead chose to install fifteen 24-port 3Com SuperStack 3 Switch 4400s and 3Com's backbone chassis-based switch, the 3Com Switch 4005, in the network to complete the first phase of a major upgrade.
World Wide Web Stock Alerts: RollerCoaster Stocks Alert -- 3COM on Watch-List(NasdaqNM: COMS)
WEDNESDAY, NOVEMBER 21, 2001 08:39 AM
Nov 21, 2001 (M2 PRESSWIRE via COMTEX) -- Note To Editors/Viewers: This article contains investment opinion issued by RollerCoaster Stocks.
www.RollerCoasterStocks.com .. 3COM was one (1) of our November 1, 2001 picks. We stated that we expected 3COM (NasdaqNM; COMS) to perform well over the next 6-12 months. 3COM fits our criteria of a speculative growth stock that could realistically increase by 50-100+% over the next 6-12 months. The stock has moved up steadily to the $4.75 range and shows continued strength.
.. 3COM CP : ( NasdaqNM: COMS ) ..
Book Value of $6.75 Huge Cash Position of $1.5 Billion 52 wk Range .. $3.37 to $18.00 .. Last Trade $4.75 .. Avg Volume ..
2,623,639
3Com Corporation is a provider of networking products and solutions. 3Com specializes in products and services that provide straightforward solutions to complex networking challenges, particularly in the areas of broadband connections, wireless network access, and Internet Protocol (IP) telephony.
The Company serves three primary customer markets: commercial enterprises with small- to mid-sized locations, consumers, and carriers and network service providers.
The Company's commercial products include traditional access products, advanced access products, Local Area Network (LAN)/Wide Area Network (WAN) infrastructure products, LAN telephony products, and services. The Company's consumer products include broadband connections, home networking products and Internet appliances. The Company's carrier products include enhanced data services and new technologies.
On November 1, 2001 we stated the stock had fallen about 95% and appeared to be based at the $3.90 level. Excellent balance sheet. Company has no long term debt and is in good financial shape. Book value $6.75. Cash $1.5 billion. 3COM will continue to be a major player in this industry. The company should turnaround and be cash flow positive within 6 months.
Institutions have picked up 650,000 shares over the past 3 months.
347M outstanding shares. 330M Float.
Stock is held by 603 institutions.
Buy-in range on Nov 1, 2001 .. $3.87 - $4.00 .. Hold 6-12 months.
Target $6.00 - $8.00+.
daily brief
--------------------------------------------------------------------------------
Date/Time of Brief: 11-20-2001 14:48 EST
Company: Audio Visual Services Corporation
Subject: Trading Alert
Stock Price @ Publication: $ 0.045
Volume @ Publication: 565,000
DAILY BRIEF BODY:
Audio Visual Services Corporation (OTCBB AVSV) is trading sharply higher in the session at this time, on volume nearing the stock's 20-day average daily share volume.
The company last released news on November 14, when the results from the company's most recently completed quarter were announced.
...for the three months ended September 30, 2001, the company reported revenue of $68,700,000, compared to revenues of $93,400,000 in the comparable period in 2000....for the quarter ended September 30, 2001, the company posted a net loss of $26,000,000, compared to a net loss of $30,000,000 for the three months ended September 30, 2000...
Shares of the company are trading at a level higher than two of four moving averages at this time, and higher than the first of four technical upside price resistance levels, as calculated by Knobias technical analysis. The stock has a 30-day closing price range of $0.010 to $0.090.
AudioVisual Services Corporation is a provider of audiovisual services, equipment rentals, staging and meeting services and related technical support to hotels, event production companies, trade associations, convention centers and corporations in the USA. In addition to its United States operations, the Company has operations in Mexico, Canada, the United Kingdom, Belgium, Brazil and the Caribbean.
"Mr. Gorbachev, take down this wall"!
LUMT: Looks like it will be at .15 for a while.
THREE CHEERS for the three people who created this board: Patsy, ilikebbstocks and TochachH.
This board is a powerfull tool to making money!
HAPPY ANNIVERSARY!!!!!!!!!!!!!!!!!!!!!!!!!
I'm sure gald to be a part of it!
I'm leaving an example but I know the columns will not line up correctly.
COMPANY (quote/research) PRICE CHANGE VOL AVG VOL 52w H 52w L 20d MA 100d MA
ABCC ABC Dispensing Technologies, Inc $0.007 -0.000 932.00 K 72.96 K $0.12 $0.02 $0.04 $0.05
ABCRQ ABC-NACO Inc $0.010 0.007 422.00 K 163.53 K $7.56 $0.05 $0.20 $0.65
ABKAW AMER BANK ALLENTOWN P $4.100 0.000 400 5.00 $4.75 $3.00 $3.17 $3.27
ABRG Ambra Resources Group Inc $0.023 0.002 1.41 M 434.61 K $0.09 $0.02 $0.02 $0.03
ABTG Ambient Corporation $0.170 0.005 35.80 K 27.13 K $3.06 $0.11 $0.17 $0.39
ACEL Alfacell Corporation $0.630 0.040 45.40 K 16.30 K $2.19 $0.33 $0.57 $0.72
ACLY Accelr8 Technology Corporation $2.850 0.210 27.20 K 11.27 K $3.57 $0.25 $3.28 $2.34
ADCO American Resources & Development Company $0.070 0.000 15.00 K 10.37 K $1.44 $0.05 $0.08 $0.11
ADGI American Diversified Group Inc $0.022 0.004 4.30 M 2.59 M $0.13 $0.01 $0.02 $0.03
ADVC Advanced Communications Technologies Inc $0.265 0.005 302.30 K 239.14 K $1.03 $0.25 $0.29 $0.32
AERN AER Energy Resources Inc $0.250 0.000 133.00 K 44.37 K $1.19 $0.19 $0.24 $0.41
AFEM A-Fem Medical Corporation $0.080 0.000 60.00 K 2.96 K $1.12 $0.08 $0.10 $0.20
AGRN AgroCan Corporation $0.510 0.050 25.50 K 10.69 K $1.56 $0.10 $0.58 $0.33
AIPN American International Petroleum Corp $0.105 0.007 498.90 K 484.81 K $0.48 $0.07 $0.10 $0.10
ALCRY Atlantic Caspian Resources PLC $0.060 0.000 9.00 K 6.81 K $0.56 $0.05 $0.06 $0.10
ALRC Alternative Resources Corporation $0.500 0.000 50.00 K 31.60 K $1.44 $0.22 $0.47 $0.50
AMEL American Energy Group Ltd $0.135 0.000 55.00 K 25.86 K $1.28 $0.10 $0.14 $0.20
AMTI Armitec Inc $0.180 0.000 46.00 K 18.54 K $24.67 $0.06 $0.12 $0.42
ANCL Animal Cloning Sciences Inc $0.130 0.000 300 0.00 $0.88 $0.06 $0.13 $0.13
APAD AdPads Inc $0.020 0.005 10.00 K 2.88 K $0.48 $0.02 $0.02 $0.03
APHV Alpha Virtual Inc $0.160 0.020 26.00 K 10.09 K $0.38 $0.11 $0.14 $0.19
AQIS Aquis Communications Group Inc $0.030 0.002 11.00 K 8.99 K $0.38 $0.02 $0.03 $0.04
ARBX Air Brook Airport Express Inc $0.120 0.028 10.00 K 1.31 K $0.39 $0.07 $0.19 $0.18
ARCS ARC Wireless Solutions Inc $0.215 0.000 99.70 K 97.87 K $0.64 $0.16 $0.19 $0.23
ARHN Archon Corporation $3.400 0.350 1000 845.00 $5.25 $3.10 $3.42 $4.01
ARINA Arista Investors Corporation $1.600 0.100 500 175.00 $1.75 $1.22 $1.53 $1.66
ARIS A R I NETWORK SVC INC $0.330 0.010 154.40 K 16.02 K $2.08 $0.16 $0.26 $0.31
ARSD Arabian American Development Co $0.200 0.020 23.60 K 3.06 K $0.53 $0.22 $0.23 $0.28
ARTM American NorTel Communications Inc $0.040 0.010 8.00 K 7.63 K $0.38 $0.03 $0.06 $0.08
ARYTF Aryt Industries Ltd $0.130 0.020 35.60 K 830.00 $0.31 $0.11 $0.13 $0.17
ASFE AF Bankshares Inc $13.500 0.250 600 30.00 $15.00 $7.38 $13.08 $12.20
ASGG ASGA INC $0.080 0.180 41.00 K 12.39 K $2.00 $0.08 $0.27 $0.22
ASNI Atlantic Syndication Network Inc $0.040 0.005 25.00 K 0.00 $0.19 $0.03 $0.03 $0.06
ATCM At Comm Corporation $0.015 0.002 91.90 K 87.88 K $21.00 $0.01 $0.02 $0.05
ATEL Accesstel Inc $0.120 0.000 35.00 K 24.00 K $1.88 $0.05 $0.08 $0.09
ATEX Avery Communications Inc $0.400 0.060 34.00 K 11.96 K $1.88 $0.28 $0.34 $0.34
AUCX Aucxis Corporation $0.035 0.015 20.00 K 13.74 K $0.94 $0.01 $0.03 $0.07
AUGR Auto-Graphics Inc $0.480 0.070 5.80 K 465.00 $2.50 $0.33 $0.47 $0.49
AVAT Avatex Corporation $0.080 0.000 13.10 K 1.93 K $0.55 $0.08 $0.08 $0.27
AWSS Advanced Wireless Systems Inc $0.480 0.080 9.80 K 5.24 K $0.88 $0.17 $0.26 $0.39
BBIC Bluebook International Holding Company $6.550 0.552 5.10 K 2.25 K $7.40 $0.08 $4.58 $1.99
BBSV Bridge Bank of Silicon Valley $9.750 0.000 500 195.00 $10.00 $5.55 $7.21 $5.89
BHUS Bach-Hauser Inc $0.055 0.010 65.00 K 27.03 K $0.11 $0.02 $0.04 $0.04
BICO Bio-One Corporation $0.585 0.015 249.00 K 33.92 K $0.90 $0.05 $0.50 $0.54
BIMS Biomasse International Inc $1.010 0.050 68.40 K 36.90 K $1.55 $0.25 $1.18 $1.27
BION Bion Environmental Technologies Inc $0.900 0.002 32.00 K 17.02 K $3.06 $0.70 $0.76 $1.30
BIOP BioPulse International Inc $0.040 0.020 47.00 K 21.12 K $12.12 $0.05 $0.10 $0.23
BKHB Blackhawk Bancorp Inc $9.500 0.500 500 155.00 $11.00 $8.00 $9.07 $9.80
BLZN Blue Zone Inc $0.070 0.000 93.20 K 13.27 K $2.09 $0.03 $0.06 $0.09
BOVI Bovie Medical Corporation $0.850 0.090 10.00 K 2.71 K $1.01 $0.45 $0.81 $0.70
Walker, I use Knobias.com
They have 3 screeners for such purposes, plus you could also type in whatever percentages you see fit to suit your needs.
I should mention that to use the screeners, it takes a paid subscription.
At times volume is a key to catch a stock before it moves. If a stock reaches above it's 20 day average volume it makes my watch list. If any stock heads above it's 50 and 100 day average volume I might buy for short term even if the fundamentals are bad for the purpose of making a few bucks and then pulling out.
Perfect example was AIGI. I bought on accumulatd volume @.065 and it took off to .21.
One thing I should mention- Murphy's law plays havoc with this type of pursuit.
quick quote
--------------------------------------------------------------------------------
Last Trade: 0.040 Change: 0.015 ( +60.000 % ) Volume: 691,500
52 Week High: 0.210 Day High: 0.045 Avg Daily Volume: 670
52 Week Low: 0.025 Day Low: 0.030 Market Cap: 552.960K
daily brief
--------------------------------------------------------------------------------
Date/Time of Brief: 11-20-2001 12:49 EST
Company: Interactive Marketing Technology Inc
Subject: Trading Alert
Stock Price @ Publication: $ 0.040
Volume @ Publication: 691,500
DAILY BRIEF BODY:
Interactive Marketing Technology Inc. (OTCBB IAMK) is trading higher in the session at this time, on volume 100,000% greater than its 20-day average daily share volume.
The company announced that it is exploring a business opportunity with a potential merger candidate, but, according to company news, no firm agreements have been made as yet.
The company last filed with the SEC on October 23, when a previously delayed quarterly report was submitted to the commission that included the following.
...Management intends to fund operations through additional debt and equity financing...
Shares of the company are trading at a level higher than two of four moving averages at this time, and higher than two of four technical upside price resistance levels, as calculated by Knobias technical analysis. The stock has a 30-day closing price range of $0.020 to $0.030.
Interactive Marketing is engaged in the direct marketing and retail of proprietary consumer products in the United States and worldwide. The Company facilitates the design and manufacture of products and develop market strategies for such products. The Company's goal is to generate awareness of new and better products for the home and family and initiate consumer brand recognition of their products in the marketplace. When appropriate, they may contract with well-known personalities to serve as spokespersons for a product to increase that product's credibility and marketability. The Company manages all phases of its direct marketing programs for its licensed products, including product selection, the securing of rights to the product, and broadcast of commercials, among others.
other briefs
Bought AVSV @ .032
Waiting for the ride.
ETCR coming to life again.
AVSV new high .055 weeeeeeeeeeeeeeeee!!!!!!!!!!!!
Urbana subsidiary signs agreement to provide enterprise portal to Boatcan.com
TUESDAY , NOVEMBER 20, 2001 11:09 AM
CAMBRIDGE, ON, Nov 20, 2001 (Canada NewsWire via COMTEX) -- Urbana.ca, Inc. (OTC BB: URBA), announced today that its wholly-owned subsidiary, Urbana Enterprises Corp. has signed an agreement with Boatcan Computer Boat Sales Ltd to integrate the content of Urbana's enterprise portal and the Boatcan.com marine website thus providing various new applications and services in a new and expanded marine portal.
The implementation of the Urbana Enterprise Portal enables Boatcan.com to expand many of its services and to achieve previously unattainable objectives for meeting the needs of its clients. The infrastructure of the portal is scalable and modular to enable Boatcan.com to further grow and easily reach its user market and supplier community. The boating user will have access to new tools to make their activities easier and more enjoyable. The boating suppliers and marinas will be able to provide their customers with timely and relevant products and services. Boatcan.com should grow their revenues more rapidly, through the introduction of new technology and applications while expanding its services to meet the current needs of the boating community.
For Urbana the addition of Boatcan.com to its growing base of community and enterprise portals validates the Enterprise Portal offerings. Urbana should by this December reach in excess of one million hits per month further validating the Urbana community and enterprise model. Once implemented, as new applications, products and services are made available, the revenue sharing formula should ensure the mutual success of Boatcan and Urbana.
David M. Groves, President & CEO said, "This is yet another example of how companies can capitalize on the unique functionality of the Urbana enterprise portal solution. The portal will incorporate many unique marine applications and will be integrated with our community portals thus providing distinctive marine content to each community."
David McPhail, President of Boatcan Computer Boat Sales Ltd. recently said "This portal integration and partnership with Urbana will truly enable both Boatcan and Urbana the opportunity of providing boaters the most unique and complete service in the Canadian marketplace and possibly worldwide. Although it is a 'win-win' situation for Boatcan and Urbana, professional and individual boaters will ultimately gain the most."
quick quote
--------------------------------------------------------------------------------
Last Trade: 0.430 Change: 0.110 ( +34.375 % ) Volume: 4,746,200
52 Week High: 12.688 Day High: 0.470 Avg Daily Volume: 2,542,870
52 Week Low: 0.230 Day Low: 0.340 Market Cap: 20.83M
daily brief
--------------------------------------------------------------------------------
Date/Time of Brief: 11-20-2001 09:29 EST
Company: Pinnacle Holdings Inc
Subject: Trading Alert
Stock Price @ Publication: $ 0.320
Volume @ Publication: 0
DAILY BRIEF BODY:
Pinnacle Holdings Inc. (NasdaqNM BIGT) announced yesterday in a press release the closing on the sale of its two collocation properties in St. Louis. According to the release, the $22,000,000 proceeds will primarily be used to repay bank debt, including the amortization payment for the fourth quarter. The release also states that the proceeds will be used to establish a $2,500,000 cash collateral account to securitize outstanding letters of credit.
The Company also announced in the press release:
...that it entered a forbearance agreement with the lenders under its senior credit facility as a result of the companys non-compliance with certain covenants under its senior credit facility as of the end of its third fiscal quarter. The forbearance agreement runs through December 12th of this year, during which period the lenders agree not to exercise remedies available to them as a result of the companys non-compliance with such covenants. In addition, the forbearance agreement eliminates the companys ability to make additional draws under the senior credit facility; increases the interest rate on outstanding borrowings under the facility by 1%; allows the company to sell its St. Louis colocation facilities; restricts the amount of money that can be invested in capital expenditures by the company; and limits the companys ability to incur additional debt. The Company continues to work with its bank group to try and structure a more permanent amendment to the senior credit facility...
The company also filed its previously delayed quarterly report with the SEC yesterday.
...the company reported revenues of $45,313,000 for the quarter, compared to revenues of $46,499,000 for the year ago quarter...the company reported a net loss of $38,291,000 or $0.79 per share for the quarter, compared to a net loss of $315,386,000 or $6.51 per share for the year ago quarter...
Shares of the company closed the session higher on volume sharply higher than its 20-day average daily share volume, at a level below three of four moving averages, and at a level between the range of near term technical downside price support of $0.230 and near term technical upside price resistance of $0.340, as calculated by Knobias technical analysis. The stock has a 30-day closing range of $0.230 to $0.700.
Pinnacle Holdings Inc. is an independent provider of wireless communications site space. The Company’s focus is on renting space on communications sites to providers of wireless communications services, such as personal communications services, cellular, paging, specialized mobile radio, enhanced specialized mobile radio, wireless data transmission and radio and television broadcasting.
other briefs
Hey bb, checking today's posts, was out most of the day.
So you had problems with your computer today?
Time for a Dell-Dimension Pentium 4 with 2.0 gigs
Does it seem like I'm trying to sell Dell on this board?
ukie
CRTCF .37 X .41
CRTCF .35 x .39
Up .105 on the day.
CRTCF .32 X .37
CRTCF .30 X .33
Good morning everyone.
Welcome back Patsy.
BTW, is the market open on Friday?
Have a great weekend everybody!
GO BEARS!!!!!!!!!!!!!!!!!!!!!!1
Correction: Fox news is saying that bin Ladin's right hand man is dead. All the details are not in.
Beer is going to taste good this weekend.
news out: U.S. captures Osama bin Ladin's right hand man.
Now lets get the main clown and hang him in Time Square!
bb, I asked you a few days ago if ENDV would reach .10
How about .20?
ENDV waking up again.
Hey, this was a good week!
Not as good as last week though.
Catching up on paperwork these last two days. The wife is getting on my case that my work area is a mess.
Monthly poker game tonight with the boys.
Anybody heard of a comedian named Lewis Black?
Going to see him tomorrow night at Zanies comedy club.
GO BEARS!!!!!! Kick some Tampa Bay booty!!!!!!!
ENDV on a roll!!!!!!!!!!!!!
Everybody seems to be in a good mood here.
Nice call on DCTG!
Is the ride over for ENDV?