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Yes .....But long ago gone ...The BLVT website show a good chart on the ownership changes over the years ..
SKVY NEWS ...Another Contract
Sentry Technology Signs $240,000 Library Contract
marketwire
*
Companies:
o Sentry Technology Corp.
Press Release Source: Sentry Technology Corporation On Thursday February 4, 2010, 9:30 am
RONKONKOMA, NY--(Marketwire - 02/04/10) - Sentry Technology Corporation (Pinksheets:SKVY - News) announced today the signing of a $240,000 contract with Hussey-Mayfield Memorial Library to install QuickCheck? patron self service kiosks and electromagnetic (EM) theft detection systems. The Hussey-Mayfield Memorial Library is located in Zionsville, Indiana.
QuickCheck? gives patron access to the library's EVERGREEN? open source circulation software via a user card and touch screen video monitor. A barcode or RFID chip on a book, CD or DVD is read, security functions performed and a receipt is printed to tell the patron what items have been borrowed and when they are due to be returned. Once the process is complete, the patron exits the library through the security system without any intervention from library staff. The entire process is fast, user friendly and frees library staff from the circulation desk to perform higher level tasks. The systems include statistical usage report software as well as remote diagnostic control and management of QuickCheck? over a local network and via the internet.
The Hussey-Mayfield collection will be secured using Sentry electromagnetic security labels detected by the company's WAM (wide aisle management) security gate systems. Using a design proposed by Hussey-Mayfield's technical staff, the Sentry QuickCheck? systems will simultaneously process both EM strips and encrypted RFID labels to secure the collection and ensure that the identity of specific materials being borrowed remains confidential for every patron.
"Our Library processes 85% of the circulation of our collection through self check stations. Sentry was able to configure a system that will seamlessly integrate all of our open source software with our need to maintain an easy to use self service environment for our customers," said Richard Deuschle, Director of Information Technology and Facilities, Hussey-Mayfield Memorial Library. "Sentry worked with us every step of the way and went out of their way to ensure that our special needs were met and our Board and staff thank them!"
"We are very pleased to be working the Hussey-Mayfield Memorial Library," said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "The library has identified the need for our QuickCheck? systems to both encrypt the RFID data resident on each label as well as the way in which groups of tags in box sets of CD and DVD tags are processed by the system. Our skilled technical department has implemented the requested changes that will be incorporated into QuickCheck? to benefit both Hussey-Mayfield and many other libraries facing similar security and data processing challenges."
About The Company:
BTW Verango, IMO given Murdoch's age and time/money invested in Sentry, He will get this business rolling and stock up as best he can and sell the company for a much higher stock price than we see today. He alone owns 50% of the outstanding stock. That amount can not be sold on the open market ...just way too much. The only way he get full value is to sell the company ,,,when it's an attractive business .... Robert Furst(director) owns some 18-19M shares himself and is in the same boat...That's 80M shares ....They are tied up until they sell the company ....Then everyone here benefits by getting a good, probably the best ever, price for their stock when that happens.
Is this the first stock you ever bought? ....The first non pump and dump BB/OTC stock? ....As SKVY grows the business over 2010 and beyond the stock price will move .....it's a long term hold..... as most stocks are.....You buy it and put it away....Volume will come when the business comes .....SKVY will likely get off the pinks sometime this year and rejoin the BB ....
Re your post .....
These 3 lawsuits are just that, three individual cases...Only a judge and the legal process can grant class action status .....That has not been done......Highly unlikely as the total loss per case was likely 1 or 2 months charges ,,,, 140 dollars max... This is small claims court stuff....
The IR Firm says sales are very little changed .....Time will tell.I expect some PR's soon. The trailing PE is just over 1 , so if their sales can continue at a good clip still..... the stock is well under valued.... less that the EPS ...I would expect a stock buyback.
NEWS,,Business is Picking up
Sentry Technology Receives $440,000 SmartTrack(TM) Order
prnewswire
Related Quotes
Symbol Price Change
SKVY.PK 0.0750 0.0000
RONKONKOMA, N.Y., Jan. 5 /PRNewswire-FirstCall/ -- Sentry Technology Corporation (Pink Sheets: SKVY) announced today, the receipt of an order for SmartTrack™ traveling camera systems valued at $440,000. The SmartTrack™ systems will be installed in one of Mexico's largest industrial companies.
"We are pleased with the increase in order activity for both SmartTrack™ and our RFID self-service systems for libraries," said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "We believe that the current positive momentum will continue throughout 2010."
fseven
Basically I'm saying the net profit for 2009 ,,stated as Earnings Per Share...add this Q4 to this years total so far,, will come in around the value of all the stock....or say EPS of .07/shr and a stock price of .07
The Cohen report calls for .09/shr this year.....No one knows where it will come in but time will tell. If PWEB can maintain the earnings rate of some .05/Quarter+/- into 2010 and beyond the stock price should eventually recover and head up over past highs.
Pacific WebWorks, Inc. (OTCBB: PWEB) announced today that the company has reached an agreement with Google, Inc. to settle the trademark infringement complaint filed by Google in the U.S. District Court for the District of Utah on December 7, 2009
You now have PWEB earning an EPS @ .05 to .08 THIS year about the same as the current stock price ...
The BBB and complaints have been around for 15 years .....Somewhat nature of the business....700 some over those 15 yrs....What pulled the rug out was the Google lawsuit. Now remove the lawsuit overhang with a settlement and what do you have? ....A cleaned up PWEB making money ...PWEB I expect learned a lot over this and just may end up being a good corporate citizen after all this....Time will tell ...
Photosh .....
Happened to me yesterday .... Looks like our bashers, Bevis and Butthead, have control here with their constant BS
Key line from the News Story:
Google's attorney, Haley, told the judge, Jenkins, of the settlement ......
"Haley also told Jenkins that Google and Pacific WebWorks had reached an "agreement in principle" to settle the lawsuit, but he declined after the hearing to elaborate. Haley said others will be named in the lawsuit as their identities are discovered."
News Yesterday from Utah ....
There looks like a Settlement has been reached between Google and PWEB ......reading the whole article it appears PWEB's attorneys have come to an "agreement in principle" to settle the lawsuit.
http://www.sltrib.com/business/ci_14012306
Lawsuit » Utah firm agrees to turn over information as Internet giant seeks other defendants.
By Tom Harvey
The Salt Lake Tribune
Updated: 12/16/2009 06:14:39 PM MST
Utah-based Pacific WebWorks has agreed to provide information in what Google Inc. says is "the tip of the iceberg" of a nationwide fraud that has scammed thousands of people out of millions of dollars.
Google attorney George Haley told U.S. District Judge Bruce Jenkins at a Wednesday hearing in Salt Lake City that Pacific WebWorks had consented to Google's demand that it provide possible evidence as part of a lawsuit filed last week against the Utah company and unnamed other defendants.
"There's a major national scam that's going on across the country," said Haley, adding that the alleged fraud involves roping in people by using pitches about making money with Google while working at home.
Google is being blamed for the massive fraud by some consumers and state attorneys general, and the Internet search giant wants to discover who besides Pacific WebWorks might be behind the efforts that involve at least 2,650 Web sites, Haley said.
Web sites linked to the Utah company "are the tip of the iceberg, and discovery [of evidence] is required to determine whether PWW or others are the masterminds behind the scam," Google said in a memo to the court before the Wednesday hearing.
Haley also told Jenkins that Google and Pacific WebWorks had reached an "agreement in principle" to settle the lawsuit, but he declined after the hearing to elaborate. Haley said others will be named in the lawsuit as their identities are discovered.
In
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court Wednesday, an attorney for Pacific WebWorks said only that the company had agreed to cooperate. CEO Kenneth W. Bell declined later in the day to comment, after last week saying in a statement that Pacific WebWorks would "vigorously and responsibly defend itself."
In court papers, Google attorneys said the hundreds of Web sites linked to the alleged fraud change addresses frequently and that their ownership is obscured. They lure consumers with false ads and images, and in accounts portrayed as news stories, in which people make hundreds of dollars a month using Google.
The sites "trick consumers into providing credit or debit card information to cover nominal 'shipping and handling' or 'access' fees, which information defendants then use to charge unexpected, recurring monthly fees ranging up to $79.90 per month," Google told the court.
Google's allegations against Pacific WebWorks appear similar to those made against the Salt Lake City-based company that resulted in a 2007 settlement with the Utah Division of Consumer Protection. In that action, the division said Pacific WebWorks offered a "free trial" to a CD called "E-commerce Tutor" that supposedly provided instructions on how to make money on eBay.
Pacific WebWorks failed to tell consumers up front about additional charges and did not properly allow them to authorize those charges on their credit cards, according to the state citation. In the settlement, the company agreed to abide by Utah consumer laws in future transactions.
A spokesperson on Wednesday said the division would not confirm or deny it is investigating Pacific WebWorks for violating the settlement.
Hundreds of complaints are posted on Internet message boards against Pacific Webworks and related companies. The local Better Business Bureau has given the company an "F" grade after receiving 732 complaints.
Pacific Webworks also is facing a proposed class-action lawsuit in Illinois that includes many of the same allegations as the Google action. In addition, the Federal Trade Commission in June lodged a lawsuit in federal court in Nevada against entities that appear, according to court documents, to be connected to Pacific Webworks.
Pacific WebWorks shares were up 1 cent Wednesday in over-the-counter
What's your point ....
BLVT is not a development company hoping to create a product some day ....BLVT is an established company with millions in revenues this year(with a 4M dollar profit to date) and a 69M dollar backlog right now ....As long as the US has a military and uses it BLVT will be doing very well making what they need ....
If you think this little Pink Sheeter is supposed to ever be in a cash position to compete with GD or Lockheed you're dreaming. ...BLVT can get $40m +/- contracts that they gotten recently but growth into the big stuff is years if ever away ...
From today's PR:
"We believe our success in contract awards will improve as our financial strength improves"
That statement does not equate to 'poor' financial condition. All it says is this company is Small ......Duh
To compare BLTV with established Defense Contractors is not the point ....
BLVT is a .14/shr pink sheet company ....$25M for 6mo. revs and a $4M profit thru June ...700M dollar contracts will not happen ...
With their $69M backlog this company is in great shape to move this stock ....As for the cash position?? Until BLVT files a 10K or 10Q nobody here knows what it is ...
NEWS Today
$68M Backlog ,,,,,This does not look like any 'development company' ....
Bulova Technologies Group, Inc Provides Update
* Press Release
* Source: Bulova Technologies Group, Inc.
* On 11:02 am EST, Monday December 14, 2009
TAMPA, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (Pink Sheets: BLVT - News) (“BulovaTech” or “the Company”) today provided an update regarding topics of interest to shareholders and other parties. The audit of our financial statements is ongoing. The Company adopted September 30th as a fiscal year end. We have had to complete several years of delinquent filings for the period the Company operated as 3Si Holdings, Inc., as well as an audit of Bulova Technologies Group’s operations for 2009, all of which are being done simultaneously. Completion of all filings is expected in January, 2010.
Related Quotes
Symbol Price Change
BLVT.PK 0.1460 -0.0040
The Company has focused on its core defense contracting business in 2009. We currently have a backlog of approximately $69 million. We believe our success in contract awards will improve as our financial strength improves. We are in a very competitive industry, and regularly compete with larger defense contractors. However, we have enjoyed some successes this year that we believe can be expanded in 2010.
The Company has previously announced that its contributed capital foundation includes investments in healthcare, alternative energy and internet technologies. We have received numerous inquiries about these endeavors, all of which are imbedded in BulovaTech Labs, Inc. (“LABS”). All activities in LABS will be set forth in our filings when complete. In the interim, the Company will overview the technologies by category on the following schedule:
December 21, 2009 Healthcare
December 28, 2009 Defense Contracting
January 4, 2010 Alternative Energy
January 11, 2010 Internet
John Stanton, Chairman
Stephen Gurba, President and CEO
More troubling news today
Google says Utah company behind online scam
Make thousands at home? Not with this scam, says Google lawsuit against Utah company
* On 11:13 am EST, Wednesday December 9, 2009
SALT LAKE CITY (AP) -- Google Inc. says a Utah company is using its name to defraud consumers.
The Internet leader filed a federal lawsuit Tuesday against Pacific WebWorks Inc., a Salt Lake City company that claims it pays people thousands of dollars a month simply to post links for certain Web sites.
The Utah Better Business Bureau say it's just another work-at-home scam that lets the company charge people's bank accounts for useless moneymaking kits.
Utah incorporation records list a Christian Lars as president of Pacific WebWorks Inc. in the warehouse district of Salt Lake City.
A man who answered Pacific WebWorks' phone refused to answer questions Tuesday from The Associated Press.
When I heard the trial period was only 7 days(1.98).....That set off an alarms .....How can this software package/internet web host process be examined by anybody in seven days ....You automatically get wacked for one month before you get it going on your system ...They have to explain where all the revenue comes from ,,,IE long term users or 1 or 2 month cancellations?? The company will have to show a breakdown of the revenue stream before I will feel like buying stock..
If all the real growth came by way of the Google promotion ,,, Without it PWEB is toast... Throw in the Google lawsuit and very likely more lawsuits PWEB may get buried ...Either way the stock is dead money for now and maybe forever ...
BTW,,Note regarding SKVY's comment
Note:
"Other wins include the installation of SmartTrack in a US distribution center of the world’s largest retailer following the successful installation of more than 100 systems in its UK division"
Read that as 'WALMART' ,,,,,SKVY has been a Walmart UK supplier for several years.
Good Interview from today's PR ...good update
Mr. Peter Murdoch
President and CEO
Sentry Technology Corporation
www.SentryTechnology.com
OTC Bulletin Board: SKVY
Updated December 3rd, 2009
SecurityStockWatch.com: How has the worldwide financial meltdown affected your business?
Peter Murdoch: Like so many others, we took some lumps. Steve and Barry’s closed its last store in January 09 with an outstanding contract for Sentry to provide equipment valued at up to $10 million and Goody’s Family Clothing, our largest domestic customer in 2008 declared bankruptcy early this year. Other large retailers worldwide cut back or eliminated capital budgets and the general environment for new store openings was poor. Fortunately, things have stabilized and we’re seeing an upturn in business along with several significant new developments at Sentry.
SecurityStockWatch.com: Despite these more challenging conditions are there any particular "wins" or success stories you would like to talk about?
Peter Murdoch: We have a very compelling traveling video management solution for both stores and distribution centers called SmartTrack™. The systems uses pan, tilt and zoom cameras that travel on a ceiling mounted rail to position the video image exactly where it’s needed. The biggest win of the year was signing an OEM agreement with Tyco Safety Products to sell SmartTrack in Europe, the Mid-East and Africa . Deliveries will begin in early 2010. The Tyco contract is expected to double our annual sales of SmartTrack systems. Other wins include the installation of SmartTrack in a US distribution center of the world’s largest retailer following the successful installation of more than 100 systems in its UK division. SmartTrack was also installed in a new concept store for America ’s fourth largest retailer. In our library market sector, 2009 marked the first large sale of more than 1,000,000 RFID tags to the Toronto Public Library and our first complete RFID installation at the University of Alberta including labels, gate readers and RFID self-service systems. RFID in libraries is an important growth market for Sentry.
SecurityStockWatch.com: Please update us about your product line and Sentry Technology solutions.
Peter Murdoch: We have two major products lines, video surveillance systems, featuring SmartTrack and related business management software call Operational Video Portal (OVportal™) as well as our library management systems.
Despite a tough 2009, we have developed several new library products including RFID gate readers and an RFID staff work station to convert barcode to RFID data. The Work Station also processes borrowing transactions at the circulation desk. Other library product developments include a new version of our Wide Aisle Management (WAM) electromagnetic anti-theft system that will reduce the build cost by more than 20%. These products complement our growing library self-service kiosk business and will allow Sentry to participate in millions of dollars of public bids for RFID library management systems.
In October, an agreement was signed with an engineering firm to assist in the redesign of our SmartTrack system. The goal is to reduce production costs while adding significant new features that are specifically designed to complement OVportal. Several initial designs have been identified.
In November, a patent was filed to protect newly developed OVportal intellectual property in the area of online video audits that will increase sales and decrease the cost of operations for retailers. Most important for Sentry, OVportal will create a recurring revenue software licensing model. More than 100 stores where installed OVportal on a no cost basis as part of our effort to develop a market leading product. Compliance audits via on-line video will be a standard procedure used by most retailers in the future and our market ready OVportal design offers several advantages over competitors.
SecurityStockWatch.com: What are your key target markets and what are the market drivers from your perspective at this time?
Peter Murdoch: We use a direct sales model in North America with a company employed sales team and an indirect model via dealers and distributors selling our library and SmartTrack product lines in more than 60 countries. Over the coming years, library sales will be driven by the transition to RFID as well as the continued deployment of self-service systems. Our QuickCheck™ self-service system is market leading in both its physical design and software features. More than 300 systems have been installed in North American libraries including RFID versions and hybrid RFID/Barcode systems at the Dallas , Calgary , Palm Beach , and Harris County Public Libraries. Recent product launches including RFID gate antennas, work and conversion stations will help grow our library business both by attracting new customers and by servicing a growing list of hundreds of our existing customers.
On the video side of the business, we have targeted substantial growth in our indirect channel both through existing international dealers and via the new relationship with Tyco International. The Tyco OEM version of SmartTrack will service its large retail customers and dealer channel in Europe, the Middle East and Africa .
The OVportal, Software As A Service (SaaS) model is one of our largest growth opportunities. Retailers are searching for better ways to operate at lower costs. On-line software controls for existing camera systems combined with powerful video tools like SmartTrack will cut travel time and ensure employee compliance with mandated policies and procedures. OVportal will be sold on a recurring revenue model both directly to our customer base of leading retailers and through our international dealer channel.
SecurityStockWatch.com: With 2009 coming to a close, how is 2010 shaping up for you? Can you comment on the present backlog and pipeline?
Peter Murdoch: Our backlog has been running at approximately $3 million which is ahead of quarterly revenue. This does not include a recently signed supply agreement for SmartTrack under which we anticipate selling as many as 250 additional systems during 2010. This business alone is expected to increase our 2010 revenue by approximately 25%. During 2009 we were successful in reducing fixed costs by more than $1,000,000 while bring to market several new products. We believe 2010 will be the year Sentry realizes the benefit of the foundation laid to grow our business.
SecurityStockWatch: What are the three most important things you'd like to emphasize to the financial community about SKVY.PK at this time.
1. New agreement to supply SmartTrack to Tyco International
2. New RFID library products to service publicly funded market
3. OVportal Software As A Service model to create high margin recurring revenue model
We anticipate that Sentry will be profitable in 2010 based on the significant changes that have been implemented.
SecurityStockWatch.com: Thank you for joining us today, Peter. Please give us an overview of your background and a brief history of Sentry Technology.
Peter Murdoch: This October will mark my 20th year in the security industry. At Sentry I’ve have been the President, CEO and Chairman since January 2001 and President of ID Security Systems Canada, Inc. since its inception in 1987 until acquisition by Sentry. From 1997 through 2004, I served as a member of the management committee of Dialoc ID, the controlling shareholder of Sentry between January 2001 and April 2004. Prior to joining ID Systems I was Vice President of Sales for Catalyst International Business Systems a software development company serving the financial services market.
I received a degree in economics from the University of Western Ontario in London.
Sentry Technology Corporation, via its acquisition of Knogo North America Inc., Video Sentry Corporation and ID Systems has a long history in the security industry dating from 1966. Sentry designs, manufactures, markets and services a complete line of CCTV products, Library patron self-service and RFID solutions as well as anti-shoplifting tagging systems. The CCTV product line includes SentryVision® SmartTrack™, a patented traveling CCTV system and SentryVision® Server for local, mobile and remote, control of video images over the internet. Recently we have introduced application software that has increased the market opportunity for our SentryVision® SmartTrack™ traveling CCTV system.
SmartTrack™ is installed in 4 of the world’s 5 largest retailers.
KK ....I communicated with Murdoch yesterday
His stock position and the OS has not changed since 2004. He still has 59.7M shares (his 50% position) and the total OS is still 120.7M shares.... The only filings in the last 2-3 years are Robert Fursts market purchases ,,,, some 2M shares @ .10 to .13 over those years......
Conservative? ....nothing about BB's and Pink's are conservative ....More a role of the dice.
Look forward on this one ....SKVY was dead in the water ,,surviving, with a nice product line, but that was all.........NOW they hook up with TYCO, this best deal possible in the security business ,,,I'm familiar with TYCO,, a personal friend was a VP in the division SKVY has partnered with...IMO SKVY may just have hit gold.
OT..Another investment that makes sense IMO
SKVY ..NEWS TODAY is a Game Changer
This is a small security products company 12M/year getting a remarketing deal with the biggest player in the space (worldwide)TYCO bought out most of it's competitors over the years...::
Sentry Technology Signs Contract With Tyco Safety Products
* Press Release
* Source: Sentry Technology Corporation
* On 9:00 am EST, Thursday December 3, 2009
RONKONKOMA, N.Y., Dec. 3 /PRNewswire-FirstCall/ -- Sentry Technology Corporation (Pink Sheets: SKVY - News) announced today, the signing of a contract with Thorn Security Limited, trading as Tyco Safety Products and Sensormatic European Distribution Limited, to sell an OEM version of the SentryVision® SmartTrack(TM) traveling camera system through offices located in Europe, the Middle East and Africa. The agreement also grants Tyco the right to sell Sentry's product in other markets around the world.
Related Quotes
Symbol Price Change
SKVY.PK 0.0325 +0.0125
SmartTrack(TM) uses patented technology to transmit video images from one or two pan, tilt and zoom cameras traveling along a ceiling mounted rail. The camera carriage travels at high speeds and provides unobstructed views of people, goods and processes. The Company has more than 2,500 systems installed worldwide primarily in leading retailers, distribution centers and courier companies.
"We are pleased to partner with Tyco to help grow our worldwide sales of SmartTrack(TM) systems," said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "The Tyco OEM version of SmartTrack(TM) will be sold primarily to its large base of retail customers beginning in early 2010. We anticipate that sales through the Tyco network will double our annual SmartTrack(TM) volume representing a significant revenue increase."
ABOUT TYCO SAFETY PRODUCTS
Tyco Safety Products is a division of Tyco International. Their businesses design, manufacture and sell products across three key platforms: electronic security, life safety and fire suppression. With 2007 revenues of more than $3 billion, their diverse product lines comprise access control, video management systems, intrusion security, electronic fire detection, electronic article surveillance, RFID, breathing apparatuses and chemical and water fire suppression solutions.
With 38 manufacturing facilities worldwide and more than 10,000 employees, the company serves customers in more than 100 countries and provide safety and security for people around the world every day.
Tyco sells its safety and security products through a global network of sales channels, business partners and equipment integrators, and the company's industry-leading brands are recognized globally. Click on our brands below for more product and service information. More information can be found at www.tyco.com.
ABOUT SENTRY TECHNOLOGY CORPORATION
Sentry Technology Corporation designs, manufactures, sells and installs a complete line of Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library Management systems as well as Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems. Our CCTV product line features SentryVision, SmartTrack(TM), a proprietary, patented traveling Surveillance System. Products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter shoplifting and internal theft and by industrial and institutional customers to protect assets and people. More information can be found at www.sentrytechnology.com.
Summit .....
A note to lend credence to BLVT statements ....In an effort to ease investor concerns regarding new contract business, BLVT filed an 8K on the 41M contract even though they did not have to.
HUGE NEWS ...The TYCO Deal
TYCO is the biggest player in this space ...security ...(they bought out all their competitors) ...Worldwide ....SKVY is being very conservative with their doubling of business forecast ...TYCO sells into a customer base of millions in over 100 countries ...That's one huge marketing team selling the SKVY product ...
kaka ...thanks for the worthless info ....
Too much for you to comprehend? ....There are 4 separate divisions to this company ....
Class action website looks like a scam ....Is there another site I can go to, to take on that site?
Nice buddy...... your mother has a good case ....may make some money after all ..
Yes ....
That was a little old lady starting her own home prostitution business on the web .......It didn't work out ,,,,no customers,,,,even after weight loss from Jenny Craig.....Says PWEB is to blame!!!!
I'm sure this will be not be anything new to most here .....
PWEB's business has been distorted in a rather amateurish posting binge ....
The Short And Distort by Rick Wayman (Contact Author | Biography)
A less-publicized and more-sinister version of short selling can take place on Wall Street. It's called "short and distort" (S&D).
Nothing is inherently wrong with short selling, which is permissible under the regulations of the Securities and Exchange Commission (SEC). However, the S&D type of short seller uses misinformation and a bear market to manipulate stocks. S&D is as illegal as the pump and dump, but is mainly used in a bear market. It is important for investors to be aware of the dangers and to know how to protect themselves.
Shorters' Actions Can Promote a Healthy Market
Short selling is the practice of selling borrowed stock in the hope that the stock price will soon fall, allowing the short seller to buy it back for a profit. The SEC has made it a legal activity for several good reasons. First, it provides the markets with more information. Shorters (traders who practice selling short for a living) often complete extensive and legitimate due diligence to discover facts and flaws that support their suspicion that the target company is overvalued. Because most shorters are scrupulous and ethical, their actions are conducive to the health of the market. Finally, short selling also provides investors who own the stock (with "long" positions) with the ability to generate extra income by lending their shares to the shorts. (For background reading, see the Short Selling tutorial.)
S&D Traders Manipulate Stock Prices With Smear Campaigns
On the other hand, S&D traders manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the price of the targeted stock. This is the inverse version of the "pump and dump" tactic, whereby crooks buy stock (take a long position) and issue false information that causes the target stock's price to increase.
Generally, it is easier to manipulate stocks to go down in a bear market and up in a bull market. The pump and dump is better known than the S&D because of the long bull market and the media. For example, the stock market had been in a general uptrend in the early to mid 1980s, which provided ample fodder for "pumpers". Movies like "Wall Street" (1987) and "The Boiler Room"(2000) helped educate investors about the risk of this type of stock manipulation. (To read more about stock market movies, see Financial Careers According To Hollywood.)
The S&D shysters try to profit by stimulating fear, but this only works if they have credibility. As such, when working online they will often use screen names and email addresses that imply that they are associated with the SEC or the Financial Industry Regulatory Authority (FINRA) (formerly the National Association of Securities Dealers), or that they can regularly spot worthless stocks. Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock. S&Ds also intimate that they are looking out for investors' interests.
S&D players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0 stock prices and 100% losses. If their strategy is suspected by "longs", they attack the person who has caught them. In other words, the market manipulator will do everything in his or her power to keep buyers out of the stock and keep the price heading south.
The Net Effect
When the short and distort maneuver succeeds, investors who initially bought stock at higher prices sell at low prices because of their mistaken belief that the stock is worthless, caused by an effective distortion campaign. At the same time, the S&Ds cover at low prices and lock in their gains.
Right after prominent bankruptcies such as Enron in 2001 or Nortel in 2009, investors could be more susceptible to this type of manipulation than during prosperous periods such as the 1990s in the U.S. During downturns, the first appearance of impropriety could cause investors to run for the hills much easier. As a result, many innocent, legitimate and growing companies could get burned, and investors along with them. (To learn about how you can profit when everyone else is heading for cover, read Profit From Panic Selling.)
How to Identify and Prevent S&D
1. Do not believe everything you read - verify the facts.
2. Do your own due diligence and discuss it with your broker.
3. Hypothecate your stock - take it out of its street name to prevent the short sellers from borrowing and selling it. (Learn more about doing your own due diligence in our related article, Due Diligence In 10 Easy Steps)
The best way to protect yourself is to do your own research. Many stocks with great potential are ignored by Wall Street. By doing your own homework you should feel much more secure in your decisions. And, even if the S&Ds attack your stock, you will be better able to detect their distortions and be less likely to fall prey to them by selling the stock at a loss.
The Bottom Line
Unscrupulous short and distort tactics can leave investors holding the bag. Fortunately, high-quality stock reports are relatively easy to spot, and needn't be confused with stock manipulators' dramatic claims. Keep your cool when analyzing a stock, and avoid getting caught up in online hype. By analyzing potential investments carefully and objectively, you can protect yourself from falling prey to S&D players - and make better stock picks overall.
This flash in the pan has been around for many years and now has about eleven about quarters in a row of profits ....increasing profits.....This company is not in the business of designing software and selling it.....This is an internet hosting company for medium to small business and home businesses ....That means designing software to service those businesses( A Service Company) ....So far this year their hosting services did over $20M and actual software sales were just over $1M ....It is a cash generator on a monthly basis and that is lost on a lot people looking at this stock IMO.
Wrong .....No debt means NO debt service every Quarter draining profits and cash .....Growth and no profits works for a NASD stock but NOT for a penny stock ....PWEB's slowing revenue growth is intentional to increase growth in earnings per quarter ....rather than plowing everything in to promotions and advertising.
IMO,,, Given the fact that PWEB has no debt ,, generates no debt ....Has large positive cashflow every quarter ...A stock buyback in the future is a real probability ...
PWEB Connversion ....
PWEB management this past Quarter have converted this company from an unrestricted growth operation to a now Cash generator .... Just review the 10Q ....Cashflow generated @ Q3 to $ 2M ,, YOY 2008(loss of 412K) ..This company now has $1.5M on hand with No Debt.....Whatever any detractors might say ....This company works ....The bottom line(Profits) is now the priority and every quarter from here will add to that EPS.. Add in the 20% growth and PWEB another 2-3M in cash added and .10/shr in the coming 12Mo. ,,,,,Find another .22 stock producing these numbers ....with no debt
Has everyone here been to their site? ...It is very straight forward ....IMO, For folks who are serious about a web business ...Anyone with a casual, make a million this year idea, is clearly not up to the task and not willing to put in the work over the long haul. Some will blame PWEB I'm sure .....But the scammer claims are not represented here ...
http://www.pacificwebworks.com/index.htm...
In addition ...
Here's a paragraph from 10Q:
"We are involved in various other disputes and claims arising in the normal course of our business. In the opinion of management, any resulting litigation from these disputes and claims will not have a material effect on our financial position and results of operations."
On the CC this came up on the Q&A and was answered .. IMO, PWEB has proven it can grow in this business space ,,,,It's a given that x amount of people can not make an internet business work ...great expectations but a dumb idea.
As for the Goggle connection ...Anybody can put Goggle ads on their website and make click-through money ....If you have a reason for people to visit your site ....As with any internet idea for a business,,,some are good some not ....Then they claim scam ..and want all their money back ....That's not how business works ,,,The financial risk is on the customer ...
I'm expecting another call back ....But so far the company has inquired and the IR firm has called me back ...The is no lawsuit ,,,Where on the website did you find this as the website owner does not remember this article ever being posted? .They are checking further.....