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grizzy--Now, that WAS Funny! ROTFLMAO...eom
CPTCQ PR Out This Morning...GZFX big gapper too...
COMPOSITE TECHNOLOGY CORPORATION EMERGES FROM BANKRUPTCY WITH APPROVED PLAN TO PAY ITS CREDITORS 100% OF ALLOWED CLAIMS
SETTLEMENT OF ACQUVEST PARTIES’ CLAIMS
IRVINE, CA, November 1, 2005 - Composite Technology Corporation (CTC, the Company) (OTC Bulletin Board: CPTCQ.OB), a leading developer of high-performance composite core cables for electric transmission and distribution lines, emerged today from bankruptcy, after its Chapter 11 plan of reorganization providing for the payment of 100% of creditors’ allowed claims was confirmed by United States Bankruptcy Judge John Ryan. CTC’s confirmation comes less than six months after its bankruptcy was filed on May 5, 2005.
Just prior to the commencement of the hearing, the Company agreed to a complete settlement of the claims of Acquvest, Inc., Paul R. Koch, Victoria Koch and Patricia Manolis (the “Acquvest Parties”) and Michael Tarbox. The Company agreed to transfer 6.5 million shares (the “Settlement Shares”) to settle all of the Acquvest Parties claims. It will be the responsibility of the Acquvest Parties to settle any claims of Michael Tarbox against the Company. The shares would be delivered to Paul Couchot of Winthrop Couchot Professional Corporation within 7 days of plan confirmation. One half of the Settlement Shares would be transferred to the Acquvest Parties immediately on delivery with the remaining shares being released 45 days thereafter.
“Today was an exceptional ending to an extraordinary process. It is also a beginning as CTC continues to develop, produce and market its innovative and cost effective composite core electrical conductor to the utility industry. We are so pleased that CTC was able to emerge from bankruptcy so quickly,” said Leonard M. Shulman of Shulman Hodges & Bastian LLP in Foothill Ranch, California which represented CTC as its reorganization counsel. “This case moved more quickly from commencement to confirmation than any case I have either participated in or heard of for a publicly traded company. From beginning to end, we believe that this bankruptcy served exactly as it was intended – to resolve successfully the competing claims of various parties,” said Shulman’s partner Mark Bradshaw.
“We are extremely pleased with the bankruptcy court’s approval of our Chapter 11 plan of reorganization.” CTC’s Chairman and CEO, Benton Wilcoxon, stated yesterday. “Our ACCC cable product is designed, manufactured and marketed to an industry that is conservative by nature, which makes the commercialization process a slow and careful one,” Mr. Wilcoxon commented, “As we entered 2005, a potential hindrance to the successful commercialization of ACCC cable was a variety of pending lawsuits. We entered into our Chapter 11 reorganization to enable us to resolve our litigation liabilities and to send a clear signal to our customers that as we look beyond today’s hearing, the past liabilities of the Company have been predominantly clarified. We believe that our customers can now be confident that CTC has the ability to satisfy their needs with a product that we believe exceeds expectations. We also believe that product sales will move forward and allow us to achieve our objectives. The industry is in great need for a good economical solution to an overloaded electrical grid system and we believe that ACCC cable achieves this end. Our relationship with our customers, suppliers, strategic partners, and shareholders remains our primary focus. We are very thankful for all their support throughout this process”.
JB---I see it as a 'gap and trap' too...
Unfortunatly...
At least it's outlining on it's chart that it wants to break above the resistance at .089
Today should be a very interesting day...
Good Morning SA...Yes, it's finally November...
Let the "Santa Claus Rally" Begin!...LOL
Welcome to the Board--Thermite666...
Interesting questions and comments...
I like your enthusiasm...lol
Good Luck to YOU, and hope more than anything that GZFX gets you out of that 'cubicle'...Because if it does, I'll be moving into a Bigger house...
What a GREAT Game...I'll bet the four...
Folks in the Winner's Pool that all picked the Steeler's to win tonight were on the edge of their seats the last couple of minutes of this game wondering if they were going to lose in the last minute, if the Raven's would get close enough to kick the game winning field goal...WOW! It doesn't get much better than this...LOL
LOL...eom
OK...Thanks...I'll keep away from it...
bitters are in it...eom
Just curious starboy...How did GTEL's pps...
Hold up after the R/S and listing on the AMEX?
I've been in a few stocks that did a Reverse Split, and the pps on most of them went down after it...
I would rather see PBLS move to the OTC.BB first, and work it's way up to the AMEX, than for it to do a R/S so it could make a quick move to the AMEX...JMO
That ad was pretty cool...short and sweet...
Where did you find that one GOINGUP11 ?
I watch a lot of the 'SciFi' channel on cable, and have noticed a lot of NetFlix ads there lately, and they look very well done, and are 30second spots, sometimes only 15seconds...
I look forward to the day when GZFX starts a TV advertising campaign...
NovoMira...I know some folks like celery salt...
I don't...BTW, what is 'Angostura'? Never heard of it...
I know I could Google it, but am lazy tonight...LOL
NovoMira...try this the next time you want...
An Awesome Bloody Mary...Get some 'Clamato' juice from the grocery store and substitute that for the Bloody Mary Mix...
Clamato is: tomato juice with clam juice...
Salt the rim of the glass, (or not)...
Add Stolie's Vodka (or whatever), ice, and Clamato juice...
Add a good shake of garlic powder...
A good shake of black pepper...
A smaller shake of cayenne pepper...
A few dashes of Lea and Perrins...
Stir, and add a good sized celery stick...
Paper umbrellas are 'optional'...LOL
That is my all time favorite Bloody Mary...there's something about the clam juice in the Clamato that makes it Very different...
Also...Clamato and a strong BEER a few pieces of ice is also Great!
Enjoy...
It's almost Amazing...How two beers...
Made by the same company, can be SO different...
My store was out of Michelob in bottles today, so I had to settle for Budweiser in CANS...Yuuuukkkkkkkk....I'm going to sue my store for 'cruel and unusual punishment'...LOL
It's been a Long Time since I've drunken Bud in Cans, and now I remembered why I stopped...
Honey, where's the TUMS?...LOL
mr. spock...OK, I'm busted...I have a serious...
Case of TAZ Mania...LOL
Thanks a LOT Trops for a Great Report...
It's good to know their trucks are being used for "the most profitable situations"...
I also like "we may do work with FEMA", but it looks like they may do better without them...Smart move...
I especially like: "We meet amex requirements but they would have to waive the 3.00 min price." I'm familiar with AMEX listing requirements, and it looks like they may qualify under "Standard 3" requirements, if their numbers are high enough, and a Reverse Split will not be necessary...Finishing up the Audits may get it to the AMEX...Or for sure to the OTC.BB Very Interesting IMO... http://www.venturelawcorp.com/listing_requirements_amex.html
We all know the MM's are messing with this one, but it's also good to know we are not on the SHO List:
http://www.nasdaqtrader.com/aspx/regsho.aspx
I check this list daily to see if some of my other stocks show up there, and PBLS hasn't ever been there in the few months I have been an investor...
"Cash Cow"...LOL
I agree with that statement 100%
Every .001 it goes up--I make +$1000.00
Of course the same is true for when it goes down too...lol
I just can't wait for the day when the pps gets above .055 so I can say I'm finally breaking EVEN...Good things ARE coming! I'm almost absolutely sure about this...And will be Very Happy when this stock moves to the BB or AMEX exchange, so that I can start doing the kind of DD I'm best at...SEC Filings...I'll never need to beg for another PR--Promise...
I'll be in the chat room Wednesday for sure...
I really want to hear what the CEO of INSQ has to say...
And I have only ONE question for him...What exactly does INSQ have to do with the Tornado...aka the 'TAZ'?
I know Veridium has the licensing agreement for the TAZ, and have heard on message boards here and on RB that INSQ will be "Manufacturing" the TAZ, but have never been able to verify this...Greenshift is a complicated conglomerate IMO...
I think the TAZ is the neatest invention since sliced bread...
Unfortunatly, the Waste Disposal Industry will put up one heck of a fight to try to keep the TAZ down, because if it ever takes off, they are out of business, as the TAZ will Revolutionize the Industry...
Here are some of the still to be confirmed...
Details of the Settlement:
The 6.5 million unrestricted share settlement with Aquavest is as follows: Attorney Couchet will receive the shares tomorrow. He is authorized to distribute 1/2 or 3.25 million shares of tradable shares to Aquavest immediately. He will distribute the second half in forty five days. No restriction on trading.
The BIG Question is: WHEN will Aquavest start selling these 3.25MM shares that become tradeable tomorrow (at what time)? If they're smart, they'll let this news hit the market, and let the pps go much higher before they sell...From what I've heard, these folks aren't that bright...and I'm worried they'll try to dump all these shares ASAP...They do have some Massive legal fees to be paid...
I guess we find out the answer to this sometime this week...
I only have a small position (at around 1.20) now compared to the monstrous position I once had, and will be looking for Revenue PR's to come out for some Daytrading fun...Though I must admit that the pps could get volatile here in either direction...
I'll share more details once the Pacer system updates today's court action...
That would be NICE! PBLS CEO in the chat...eom
CPTCQ had it's Bankruptcy Plan CONFIRMED Today...
It's one to keep on Radar tomorrow...Look for it's PR on the PR Newswire website tomorrow morning just a few minutes after 8am EDT...http://www.prnewswire.com/
They settled with Aquavest today, who was the main pain in the buns on this BK...There will be share dilution of about 4.5%
All of the details are still unconfirmed, as posters on the RB Board who were in the Court house just got the info out just minutes before the close...
When I learn more from the Pacer transcripts, I will bring you up to date on the exact terms...
I would expect this stock to go up in the next few days...
New HOD just printed...VERY Bullish IMO...eom
Trops...I would ask you to ask Ron at Phoenix:
Why we haven't heard some good news on their involvement in the rebuilding of New Orleans and the Gulf Coast areas yet? Especially concerning FEMA and the US Army Corps of Engineers regarding possible Contracts...Will the Construction Division have a chance at winning Contracts? We know the Sand and Gravel Division will have lots of business...
An update on the activities of Bayou State Trucking would also be welcomed...
The news out of the O&G sector has been Great! The Swimming Pool division is most likely not a Priority at this time, at least until after a good part of the clean-up is completed, but an update of that division would be welcomed also...TIA
Me thinks PBLS will either take off...
Big Time this week, or Dump like a Dump Truck getting it's rocks off...LOL
mike...That's for Ameritrade Only...
MedVed will give it to you with just your Ameritrade log in...
I haven't used MedVed in a long time, but that's the way it used to be...Shoot them an email...Mike (the Owner) will probably show up here to explain it if you do...He usually does...
michaeland...Great Find! CC on the GZFX website...
Already...Woooohoooo!!!
If you have a Scottrade or Ameritrade or...
Any any other major brokerage account listed in the 'Server' list, all you have to do is log into the server with your trading account log in...Don't worry, it's SAFE...
A little rest-consolidation is a good thing...
After the RUN it just had...It can't run hard like that without catching it's breath once in a while...LOL
Sentinel...You can have Level 2 for FREE...
Get it here: http://www.medved.net/QuoteTracker/
If you have any questions how to pick a server, ask...
It's Time for the 'Rally Monkey'...HOD .0075
http://www.rallymonkey.com/video/kenindex.swf
Caution: There is Sound with this, so if you are at work turn off your Volume...
The resistance of 10.57 fell today...
With an intraday high of 10.60
Today is a Very Bullish Day for RBAK
UP around .50---Up around 5%
Yep...New HOD is quite possible here...
4MM's on bid .0071---2MM's on ask .0072
With some Large volume coming through on the ask recently...
My Time and Sales is almost all green right now...
Update: bid .0072---ask .0073
Here it is folks: New HOD!
8MM's at bid .007---2MM's at ask .0071
More Halloween Humor...
What do you get when you cross a vampire and a snowman?
Frostbite...
Why do witches use brooms to fly on?
Because vacuum cleaners are too heavy...
How do witches keep their hair in place while flying?
With scare spray...
What do you get when you cross a werewolf and a vampire?
A fur coat that fangs around your neck...
Why don't skeletons go out on the town?
Because they have no body to go out with...
What do ghosts add to their morning cereal?
Booberries...
What is a vampire's favorite sport?
Casketball...
What is a vampire's favorite holiday?
Fangsgiving...
What would a monster's psychiatrist be called?
Shrinkenstein...
What did one ghost say to the other ghost?
"Do you believe in people?"
GOOD ONE!!! skeballlarry...LOLOLOL...eom
Finally an uptick on the ask to .03
Yessssssssssss!!! Now: GET IT!!!
OK, I feel better now...New HOD .03
Where do baby ghosts spend the day?
At day-scare centers...lol
Thanks snaphook3...At least there are only...
Two MM's on the ask currently...Where are you getting Level 2 for Pinks, is it Free?
If you're paying for it, if you don't mind me asking: how much does it cost? TIA
Does anyone have Level 2 for PBLS?...
They could share with the rest of us how big the wall at .029 really is...How many MM's are sitting on the ask at .029?
We've had resistance here for the last two sessions, and it needs to bust up through it soon, or it is just consolidating in a downtrend which is usually Not a Good Thing IMO...
Resistance at 10.50 taken out today! with...
A current intraday high of 10.55
Next resistance is 10.57 and it will probably fall today too...
I want to post a Weekly Chart for RBAK...I will after today's close...My charts won't update the Weekly until tonight...It will show that the upper BBand is at the 52Week High at 11.47 so that is the possible upside plus a little to the Weekly Chart...
The Pat's and Bill's game last night...
Sure was a Good 'Un...The Pat's looked Terrible in the first half, but made a Nice Comeback in the second...
Happy Halloween Y'all...Here's something...
To play with...My contribution to the Day...
http://www.coorslight.com/iceswipe/
Even if it is: 'Colorado Coolaid'...
I'll be dressing as a 'Hillbilly' tonight...
And I don't even have to change my clothes...LOL