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Ya, i sort of read it...don't get it.
What did u sell it at?
YA, i saw it go down along with LOK.V, i played them both for a quickie flip. So what do u think though, and future rebound possibilities on it? wondering if i should rebuy if it drops again.
Street, did u sell ur UBS.V?
LOK.V why is this down, i thought news was good? or am i completely wrong?
Look Communications sells spectrum to Bell and Rogers
2009-05-05 08:39 ET - News Release
Mr. Gerry McGoey reports
LOOK AGREES TO SELL ITS SPECTRUM TO BELL AND ROGERS
Look Communications Inc. has reached an agreement with Rogers Communications and Bell Canada (through their joint venture, Inukshuk Wireless Partnership), for the sale of its spectrum and broadcast licence.
Under the agreement, Inukshuk will pay Look $80-million for Look's 92 megahertz of spectrum covering approximately 1.8 billion megahertz per pop. As part of the agreement, Look has also resolved its outstanding litigation with Bell. The agreement is subject to court approval.
"We have long believed that our assets held value given the promise of mobile broadband. That promise is becoming a reality for Canadian businesses and consumers, both of whom will benefit from the mobile entertainment, information and communication services that are now available," said Gerry McGoey, vice-chairman and chief executive officer of Look. "Bell and Rogers, through Inukshuk, clearly recognize the importance of mobility and bring their combined brands, expertise, resources and commitment to delivering this vital service to Canadians."
The agreement of purchase and sale allows Inukshuk to acquire Look's spectrum (2,596 to 2,686 megahertz and 2,689 to 2,690 megahertz inclusive) for $80-million cash. Payment is scheduled in three instalments and the purchased Spectrum will not be transferred unless and until full consideration is paid. If for any reason the full $80-million is not paid, or not paid according to the agreed upon schedule, any payments made to Look are non-refundable and the Spectrum would be retained by Look. The payment schedule is as follows:
1. A $30-million non-refundable payment will be made upon court approval of the agreement.
2. A $20-million non-refundable payment will be made no later than Dec. 31, 2009.
3. A $30-million final payment will be made no later than the earlier of regulatory approval of the transaction or 36 months from the closing upon court approval.
The agreement is the culmination of a sales process undertaken by Look, with the approval of its shareholders, pursuant to its plan of arrangement proceedings. The Ontario Superior Court of Justice approved the process with the granting of the sales process order on Jan. 21, 2009. Look's board of directors and Grant Thornton Ltd., the court-appointed monitor, will recommend approval of the transaction by the court. In accordance with the sales process order, Look is applying to the court for the final approval of the agreement. The agreement does not require further Look shareholder approval and is expected to close in May, 2009.
Look believes that Inukshuk is interested in finalizing the agreement as soon as possible and therefore Look will commence the orderly winddown of its present operations over the course of the next 90 days. Further details of this action will be provided to Look's subscribers over the next few weeks.
A condition precedent to the agreement was the resolution of the litigation between Look and Bell Canada which, among other things, was resolved in the following manner:
1. Bell and Look providing each other with mutual full and final releases from any and all current litigation;
2. Look paying Bell $16-million as full and final settlement, to be paid contemporaneously with the initial $30-million non-refundable payment from Inukshuk as part of the agreement. The amount includes approximately $10-million in trade payables carried by Look plus an additional $6-million payment;
3. As Look winds down its operations over the course of the next 90 days, Look will pay to Inukshuk all revenues collected from its DSL Internet subscribers on Bell's network for services provided during the winddown period net of all applicable taxes in lieu of the current $360,000 currently paid to Bell on a monthly basis;
4. All contracts between Bell and Look will end without penalty.
A further condition precedent to the agreement, required by Rogers, was that Unique Broadband Systems, Look's parent company (with a 51.8-per-cent economic interest in Look), was required to settle its litigation with Microcell et al. (a Rogers subsidiary). At the request of Look, UBS agreed to settle the litigation. UBS will provide the irrevocable release, and will receive $4-million from Rogers, upon Inukshuk's first payment of $30-million to Look, when the final approval order is granted by the court. The defendants to UBS's action all deny liability and the settlement is not an admission of any kind.
NBD.to quietly climbing
OSE.v may have found a bottom at .05, hit it a couple of times in the last while after a more aggressive drop. Perhaps good to keep an eye on for a move up
DML.v nice move, hod 1.74
woops, i meant my last post to be in response to yours.:)
ya, i just saw the pr on it today, obviously that was the reason for the drop, people knew the pr was coming. Well, yes i guess good one to watch maybe even now, or after the rs.
ICS.TO down , hit a support zone at .05, might be good for a little bounce.
TIM.TO, sold that too early also, got the 2.40 and sold 2.65..but hey its a profit:)
thanks!, too bad i sold too early..but im all about locking in profits and preserving capital...so this happens to me all the time...lol.
KMG.V down, this stock seems to go up and down frequently..so i got some at .02, have lower bids in as well also...i dont see any news
ORB.TO .10 hod!
ORB.TO now .095 hod
ORB.TO continues, hit .08 so far today, from mention and drop last week to .045
ORB.TO i caught the .045 yesterdays sold today at .065, still has more upside, but im out for now
ORB.TO down, had a great move previously, i believe there should be a bounce soon
SOMX still moving up from crash to .21 in ah yesterday
UTRM nice bounce of lod of .61
SOMX hit .21 so far in ah, starting a little ut, wonder if that would have been a good buy opp for tomorrow.
SOMX down 60% on news in ah
OSE.v today looking a little better, actually up a little on small vol...thats a good sign at least, watchign for consolidation in this zone.
sure it could be, but, so what, get out with profit, always sell some while it moving up...it was a beauty, it was steady consistent buying, i could tell it was rearing to go...tons of these stocks are pumps and dumps..thats the name of the game, just be smart about it, :)
Thanks Power:)
OSE.v...well, ok, so far today no selling going on, not much movement..which is good, lets see if the bottom holds, the low was .06
UTRM continues, alerted when it was still below .31..now nhod at .83
P.TO warrants delisting
ailPower warrants to delist from TSX at today's close
2009-04-06 12:52 ET - Warrants Expire
TSX bulletin 2009-0442
The following trader note was released by the Toronto Stock Exchange on April 6, 2009, at 10:47 am.
The common share purchase warrants will be delisted from the TSX at the close on April 6, 2009, at the request of the company. In addition, the company's common share purchase warrants have been suspended from trading, effective immediately.
ORS so far holding this zone well on a great pullback
UTRM nhod, quietly inching up
UTRM very nice continuation, morning gap, and still its nhod
LOL, no problem at all:)
Well i sold mine at open at .59...and she still wants more..nice!
And just as i posted that, it hit low again...me thinks it wants lower...lets see.
yes, i love these too, and yes they can move large...so im watching very carefully...so far low was .06...lets see if this holds it here, then possibly ready for a bounce
gl!...and its Julia:)
origin, i can't pm, not a paid member. OSE.v , yes, that is the interesting part, im not sure if the stock is just a pos, or games are being played here so they can run it...no idea,..i have it on watch though.
thanks
UTRM News just in:
Friday, April 03 2009 3:39 PM, EST United Treatment Centres (UTRM.PK) Enters Into a Letter of Intent to Purchase Acquire Bel Ea Co Market Wire "US Press Releases "
ASTORIA, NEW YORK -- (MARKET WIRE) -- 04/03/09 -- United Treatment Centers, Inc. (PINK SHEETS: UTRM) today announced the signing of a Letter of Intent to acquire Bel Ea Co from existing shareholders.
Bel Ea Co is a Florida based company with business operations to promote a revolutionary patented oral care product which will change the way we do a common, everyday task, and it will do it better. Bel Ea will oversee out-sourced production of a patented consumer product within the $4 billion United States oral care market segment comprising of toothbrushes and toothpaste. The product, Liquid Squeeze Brush is unique. This new toothbrush has primary advantages over existing and traditional toothbrushes: Liquid Squeeze Brush cleans and prevents cavities 35% better than traditional toothpaste because it uses liquid Dentifrice where toothpaste is no longer required to brush, allowing the user to brush virtually anywhere at any time with no water needed.
"I am extremely thrilled. Ecological issues are today's priority in the business world. The liquid squeeze brush is a cutting edge, first of its kind, patented product that could be used by 90% of the population, in a $4 Billion US market segment. This is an extraordinary product to be launched," said Mr. Frank Ottaviani, president of United Treatment Centers, Inc.
Additional information is available on the corporate website located at www.unitedtreatmentcenters.com. Or on the Bel Ea Co website www.liquidsqeezebrush.com.
Yes, i saw it yesterday, and kept it on watch, and today the buying is just great, its quiet, almost no one at all sold, and the bid keeps pulling back to try to get shares, i had tried adding on the bid and inbetween the bids when they would spread it..but nope, had to buy on the ask. It looks great..and yes, definitley something is up.
gl
UTRM, steady buying yesterday and today, nice vol, this has been creeping quietly up. It had rs in jan 2009, was down..soemthing brewing here.
TSSR yes, had another pullback, now inching back up