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Done.
I am very pleased the way this has held up considering the carnage on the DOW and NAS.
I've never seen money being mentioned as a by-product.
Makes it sound so cheap lol.
No, no concerns at all. The spread is only .10 and I'm only looking to buy 20 contracts.
If it goes over $5.00 by June (and I think it will well before that), I should be able to get rid of them very easily.
Agreed. They are sitting on 72 Mil cash and are trading at close to book value at the moment.
I'm looking at the June/08 $5.00 call options right now. They closed at .90
Worth the gamble IMO.
What are the thoughts on FRPT now that it has closed below $4.00?
Seems that was the magic # that needed to hold.
They need to have fun too you know ;)
30000 share buy just went through. Maybe more insider buying??
They may have to replace a few teminals I would think.
Kind of like Baseball......... Hit the ball only 3 times out of 10 (30% of the time .300 BA) and make 20Mil/year ;)
Very nice!!! Another crap day on the markets and a green day for us. The smart money is coming here......
Looks like we are being pulled toward that open gap @ .51
If all goes well, we should see that by the end of next week IMO.
Slow and steady gets it done. I would like to see it break, but a nice steady rise has a better chance of not coming back down.
Well, I liked today's action. The DOW and NASDAQ tanked and we were left unchanged.
Bodes well for the future IMO.
I think this is the deal he was referring to.
Axesstel and PT Smart Telecom Sign Two Year Supply Agreement Valued at $68 Million
Monday October 15, 8:00 am ET
- Axesstel Phone and USB Modem Used to Launch New Wireless Network in Indonesia -
SAN DIEGO & JAKARTA, Indonesia--(BUSINESS WIRE)--Axesstel, Inc. (AMEX:AFT - News), a leader in the design and development of fixed wireless voice and broadband data products, and PT Smart Telecom announced a two year supply agreement valued at $68.0 million. The agreement encompasses joint marketing and volume commitments for Axesstel phones and wireless broadband USB modems. An option to purchase Axesstel enhanced feature phones and 3G gateways is also included in the agreement. Shipments of the phones and USB modems are scheduled to begin this month and continue over the next two years.
ADVERTISEMENT
"We will differentiate ourselves by providing an innovative combination of high quality telecommunications services at an affordable price," said Djoko Tata Ibrahim, deputy chief executive officer for PT Smart Telecom. "We chose Axesstel as one of our primary vendors because of the quality and affordability of its devices. The speed of Axesstel's USB modem is far superior to other alternatives and the design and performance of the phone will allow us to offer quick and easy access to quality voice calling and text messaging."
"This supply agreement is a testament to the quality of our products, continued demand for our phones and growing demand for our broadband data devices," said Marv Tseu, chief executive officer for Axesstel. "Securing a long-term agreement with an innovative new operator like PT Smart Telecom is a significant win for us as we continue to build on our existing customer base in Asia and increase our market penetration in one of the fastest growing wireless markets in the world."
PT Smart Telecom will use Axesstel's phone and USB modem to launch its new CDMA2000 1xEV-DO 1900 MHz band network within PT Smart Telecom's licensed area nationwide across Indonesia. The Axesstel phone will provide consumers and small businesses with voice calling services from the home or office. The USB modem will offer mobile professionals, small businesses owners and small office / home office (SOHO) users with broadband access to email and the Internet in order to stay productive while working away from the office.
ABOUT PT SMART TELECOM
Smart Telecom is a new cellular telecommunication provider in Indonesia leveraging CDMA2000 1X and EVDO-Rev A technology using the 1900 MHz frequency. This technology enables users to communicate clearly and send data faster at a more efficient way. Smart Telecom provides great and economical services for retail and corporate customers in more than 50 cities in Java Island and will soon cover all regions in Indonesia.
ABOUT AXESSTEL, INC.
Axesstel (AMEX:AFT - News) is a recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel's best in class product portfolio includes wireless web computers, broadband modems, 3G gateways, fixed wireless desktop phones, and public call office phones for access to online computing, high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California with a research and development center in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.
© 2007 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc.
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements relating to market penetration and conditions, product capabilities and the timing of new product introductions which may affect future results and the future viability of Axesstel. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to unforeseen manufacturing difficulties, unanticipated component shortages, competitive pricing pressures and the risk factors noted in Axesstel's filings with the Securities and Exchange Commission, such as the rapidly changing nature of technology and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; product and customer mix, Axesstel's need to gain market acceptance for its products; the risks of primary dependence on one large customer; potential intellectual property-related litigation; Axesstel's need to attract and retain skilled personnel; and Axesstel's primary reliance on its sole contract manufacturer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release.
Contact:
Axesstel, Inc.
Kim K. Haneke, 858-875-7291
khaneke@axesstel.com
or
PT Smart Telecom
Godo Tjahjono, 0881-121-8872
godo.tjahjono@smart-telecom.co.id
--------------------------------------------------------------------------------
Source: Axesstel, Inc.
http://biz.yahoo.com/bw/071015/20071015005340.html?.v=2
Insiders are buying, and so are their families I would think.
They know what's about to happen to the stock price ;)
Volume has dried up for the moment. Everyone bought in the last few days and are now waiting for the breakout.
Very strong support here between .28-.30
Sure looks like it's setting up for a run here.
By the way, would you like to be an Assistant on this board?
Recent insider buying has brought some attention to AFT. I'm in for 10000 shares @ .29 and .30
Of course you can can have margin on an account less that $25000, but as far as I know you only get 4X margin on a daytrade account ($25,000 or more). I could be wrong though.
No need to be sarcastic, I only want clarification on how those trades were made using only $2000.
Yes, but you need $25000 to open a daytrade account. A $2000 daytrade account would be frozen very quickly.
I have been looking at your Progress Tracker, and need clarification on something.
The 2nd trade shows 200 shares of YHOO bought for $31.70 which equals $6340.00. This amount far exceeds the $2000 investment mentioned. Even if you were to include margin it would only amount to $4000.
How is that trade possible within the $2000 (or $4000 including margin) limit? Am I missing something?
FUQI is another trade that falls into that catagory.
Thanks in advance.
This coming from a person who invested in BKMP........
Woods, Singh, Rose, Allenby, Z. Johnson - 278
The only good thing about that is.......no dilution. lol
Could you please correct my WAG. You have it as 3:05 AM. I WAG'd 3:05 PM
http://www.investorshub.com/boards/read_msg.asp?message_id=19500953
Thanks
WAG 05/24/07 3:05 PM
Correct me if I'm wrong, but isn't a buy also a sell?
There has to be a seller for someone to buy. So every buy therefore has to be a sell.
Took almost 1 hour for me to get 3mil filled at .0002
Woods, Goosen, Choi, Olazabal, Love III. 280
He's trying to tell us something lol.
Four 666 trades in a row.......
A trade for 0 shares @ .0007
That's funny.
The 8's are thin. Not taking much to move it up.
8's being hit now ;)
Reverse mergers are generally structured so that the company is able to obtain a majority of the stock (usually over 90%), and that corporate officers and insiders of the company retain more than 80% of the outstanding stock.
If this is the case here, which it most likely is, where is all the volume coming from? There would not be that many shares floating around for there to be this much volume. It's a shell that was most likely being actively marketed. Shells that are for sale usually have less than 5% of the total shares left outstanding. This makes them an attractive R/M candidate.
It just does not make any sense having 1.3 billion shares traded in 1 day.
Were some of the MM's naked shorting it? If so, how are they going to cover without taking a bath?
Just a thought..........
Who was the MM on those 2000 share trades?
It's difficult to evaluate any pinksheet. Doesn't matter what the company tells you the O/S is. Next week it will most certainly be different. That's why this is a gamble.
If you want full disclosure, don't invest in pinkies.
Did I say invest..............I meant gamble.
Yes, it does seem to confirm a deal is in the works. Should send the price higher tomorrow IMO.
They have to be fairly confident the deal will go through, otherwise they would have just left the stock info page blank. Just a matter of crossing the t's and dotting the i's.
The fact that they have now admitted they are negotiating with BHUB is huge.