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Bush wins both court rulings! EOM
NUTK finally clears comments...
Relisting is imminent. It's about time! :)
( BW)(CA-NUTEK)(NUTK) Nutek Inc. Announces Final Acceptance by the SEC
Business Editors and High-Tech Writers
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Dec. 4, 2000--Nutek Inc. (Pink Sheets:NUTK) Monday announced that their latest response from the Securities and Exchange Commission is that the Form 10 filing is complete with no further comments.
Murray Conradie, Nutek president, expressed his complete satisfaction as he stated, "We have now met all necessary filings and compliances to make us a fully reporting entity." He also announced that the shareholders would be receiving a newsletter in the near future describing some of the various growth programs for Nutek and the shareholders.
The completion of the SEC compliance now allows everyone at Nutek to focus completely on future business and profit centers.
"I realize this has been a very long and drawn out process, but I would like to thank the examiners we have worked with at the SEC who have been very helpful during this process. I would also like to thank all those shareholders who have remained with the company throughout this process and welcome those who have recently joined us," stated Conradie.
Finally, Conradie stated, "following a conservative past year during which we have been working through this compliance process, we can now look forward to moving ahead to achieve further growth in Nutek."
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
--30--EZ/np* JP/np
CONTACT: Nutek Inc., Huntington Beach
Richard Overdorf (investor relations), 714/799-7266
Fax: 714/799-5466
E-mail: investors@nutk.com
Web site: www.nutk.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
Update on NUTK...
In case anyone is in this, they just filed another amended 10QSB/A today. From what I was told by Mr. Conradie, NUTK had to change a couple of items, but they were minor. They did this very quickly. It 'appears' that NUTK is about to become a fully reporting, complaint OTCBB company again.
Scoop :>)
Sorry about the double posts. Got an error.
bruceski, I totally agree with you...
I got in IFTP when it was .13 and sold for about a 3 bagger. I figured I'd better get out just based on what was happening. However, it had nothing to do with how I felt about IFTP. There has been so much bashing on RB and Bobz. An awful lot of shares have been issued. However, the people that are issued these shares (free trading) are not fond of holding on to these shares. By nature, when people are issued free trading shares, the dump them pretty quick. In and out, bingo bango!
Once these shares are out of their hands, and IF they quit issuing more shares, and IF they can continue on with their business plan, I really do (and have always felt) that IFTP will be a very very successful company. I can easily see this stock near the $3-$5 mark sometime late next year. But everything has to go right. They have to quit issuing so many shares. They need to get all their new products out there. If they can do this, this company will surprise a lot of people. I'm waiting to clear up some money. I have been chomping at the bit to get back in. When I have some extra $$$$, I'm back in big time. I will then just sit on it and wait.
Scoop :)
URAGAG, are you finally starting to come around to IFTP? I admit, Steven over on Bobz can drive you crazy with all that posting. LOL.
bruceski, I totally agree with you...
I got in IFTP when it was .13 and sold for about a 3 bagger. I figured I'd better get out just based on what was happening. However, it had nothing to do with how I felt about IFTP. There has been so much bashing on RB and Bobz. An awful lot of shares have been issued. However, the people that are issued these shares (free trading) are not fond of holding on to these shares. By nature, when people are issued free trading shares, the dump them pretty quick. In and out, bingo bango!
Once these shares are out of their hands, and IF they quit issuing more shares, and IF they can continue on with their business plan, I really do (and have always felt) that IFTP will be a very very successful company. I can easily see this stock near the $3-$5 mark sometime late next year. But everything has to go right. They have to quit issuing so many shares. They need to get all their new products out there. If they can do this, this company will surprise a lot of people. I'm waiting to clear up some money. I have been chomping at the bit to get back in. When I have some extra $$$$, I'm back in big time. I will then just sit on it and wait.
Scoop :)
URAGAG, are you finally starting to come around to IFTP? I admit, Steven over on Bobz can drive you crazy with all that posting. LOL.
Plato, LOL. You know that's...
exactly what he's trying to do. Then again, Bush would be doing the same thing. LOL. I too am an optimist. Once we get this mess cleared up, and if the year end reports look good, I think we'll have a nice little pop.
Happy Thanksgiving Day to everyone! Pig out, it's okay. Really! Me, I'm going to find a live turkey, put him on my lap and we're going to watch football together! That should be quite a site. Two turkeys watching football. LOL.
Scoop :)
jhart, HAPPY BIRTHDAY! You made it! LOL. :>)
thepennyking, actually, ROFLMAO...
is an expression from the inhabitants of the planet Melmack, just to the right of the Andromeda galaxy.
Sincerely...
Alf :>)
p.s. Just kidding!
thepennyking, have another drink -- on me! :>)
UTDT, a little more info...
Okay, here's a little update. There is supposed to be a pr out tomorrow about the sale of yet another of their software gaming programs, which means another $350K pure profit. Then next Monday, they are supposed to have another pr out regarding a big coffee sale of about 10,000 - 12,000 pounds of coffee at $12.50 per pound. Depending on what P/E you use, based on the profits they are announcing, the price of this stock should be around the $1.50 mark or higher. Then again, a lot of companies probably fit this scenario! lol.
I also heard that the company has already bought back about 200K shares. A large group has purchased around 400K shares already, and will be puchasing up to 2M shares total. There is another group besides this one that is supposed to be purchasing up to 1M shares.
The MM Knight has been trying to hold it back. However, from what I was told, toward the end of the day today, they suddenly became UTDT friendly. If the MM's decide to let this run, this could go up nicely.
Just a heads up, in case anyone here is in this one.
Scoop :>)
UTDT...
Just a little blurb. Keep an eye on this company. Company has already announced a stock buy back up to 2M shares, and the President will buy it back up to $1.50 if need be. Also hearing some very big buying is coming in. From what I'm told, the increased buying lately is not the heavy buying that is supposed to be coming in. The big buying could start this week. The company wants to get the price up -- way up.
As always, take any rumors for what they're worth. Just wanted to give you a heads up on what might be going on.
Scoop :>)
joekob, that's the $64K question...
I have a friend who has some really good contacts, and they can't figure out exactly what's going on. I've seen posts on Bobz that have expressed the same thing. This is one puzzling stock.
Scoop :>)
Update on UTDT...
First of all, SYMY -- Wow! For UTDT (in case anyone is in this), the company has already announced a stock buy back up to 2M shares, up to a price of $1.50 if need be. Also, I have heard that they plan on releasing a couple pr's next week announcing the sale of 2 more of their internet gaming software packages, which should add another $700K (which is pretty much pure profit). I also heard that some big buying was coming in. I thought it was for next week, however, based on the volume lately, I guess whoever was going to coming in, may have already started. Finally, I am being told that something BIG is on the way. I believe it may be the world wide lotto deal. IF this is what is happening, this will mean big money. Anyway, good luck with all your investments. It actually looks like the market is starting to pick up.
Scoop :)
jhart, no problem...
I'll call all my MM friends tomorrow and tell them to let the OTCBB run for a while starting next Monday. Especially SHPS and CMIX. Have a great birthday!
Scoop :>)
ARCWireless, your name looks familiar! LOL...
How apropo your name is. Hey, it's better than "sluggo". Haa haa. Thanks for the great update! I'm not in it myself, but a couple friends of mine are. They had heard a rumor or two, but did admit that the company was very tight lipped about any info, and just wanted to know if I knew anything. I agree, it appears to be a pretty good company. There are actually quite a few really good OTCBB companies out there. This market is just holding them back right now. I know of at least 4 or 5 companies that desperately want to get off the OTCBB and on to either AMEX or Nasdaq. They come out with spectacular news and the price drops. Everybody has just had to really tighten their belts this year and hope for a recovery of some kind soon.
Again, thanks so much for the info. It was nice of you to take the time to post that. As a return gesture, here are the six winning numbers for the next PowerBall Lottery: 3,12,14,28,32,38. You're welcome. LOL.
Scoop :>)
Smudge, sorry. Just got this proclamation...
Due to unforseen forces within the current market, and the fact that the planets have refused to line up properly, coupled with interest rates that I am trying not to raise again, jhart's birthday has been changed from November 10th, 2000 to November 31st, 2000.
Sincerely,
Alan Greenspan :>) lol.
HAPPY BIRTHDAY JHART!!!!
Plato, congratulations! Cool. Scoop :) EOM
Boy, do I feel silly!...
I completely forgot about the "private replies" in the mailbox. I never checked it. Just completely forgot about it. Tonight I checked and found a bunch of private emails that were sent to me, so I just responded to all of them. I'm sorry it took so long to reply! I just never thought about it.
Scoop :)
ANTM -- Anyone know what's going on?...
I'm hearing rumors that ANTM is considering converting its DSL service to an all wireless system. Supposedly thinking of going into the 3rd world countries (as well as US) and setting up their system. From what I'm told, these units can be put on rooftops on any home anywhere, and supposedly, you can run all your appliances this way. I'm not sure if I got that last part right, but that's what I understood. A couple of people said if this is true, it could be a $30 stock in the future. Just wondered if anyone else has heard this rumor? Thanks!
Scoop :>)
MPTV...
I had to think for a long time whether or not to make this post. As unreliable as MPTV has been up to now, I wasn't sure if I should post what I just found out, but I decided what the heck. I just received a call a short time ago. A friend of mine was informed that everything with MPTV is aleady a done deal and that things will start moving next week. He was told that MPTV was going to be taken up to about .37 or so.
I can't guarantee anything with MPTV. Take this for whatever it's worth. I'm just passing on what I was told. It may be true, it may not. Boy, just posting this kind of info on this company has me shaking right now! It's almost like I'm putting my life on the line. LOL! I'm already starting to play with my lips! Haaa haaa!
Scoop :>)
Plato, it's the Canadians!...
Those sneaky Canadians are doing this to us! Time for a revolt. You lead, I'll follow. lol. You are correct, in this market, everyone seems to be a 'daytrader.' I am the eternal optimist. What goes down, must come up. Look at it this way -- if I fall, it takes me a little longer to get up at my age, than it did when I was 21, but I DO GET UP -- eventually. That's my analogy to what's going on here.
Okay, so I need to take a long break. I know that.
Scoop :>) lol
Plato, I agree with your email. I heard...
the same thing about 2 months ago from a friend I correspond with in Canada. He mentioned that some tough rules regarding trading US OTCBB stocks were going into effect, which would make it very hard to short them. I know a guy in the US that has had a Canadian account for years, and has been shorting US stocks. He told me the other day that they were changing the rules. So yes, I agree with you. That appears to be what is happening. That may not be the only reason, but it sounds like a good one!
Scoop :>)
ANTM: Anyone have any latest info on this...
company? I'm not in it and don't follow it, but a friend of mine is in it and was wondering if anyone knew what was going on. He said the company is being real tight lipped about info. TIA.
Also, if anyone here is in AUTM (Auteo Media, Inc.), I got word tonight that starting next week there are supposed to be 3 or 4 groups coming into buy. I was told they want to get it up to at least $3.
Scoop :>)
Smudge, no...
That was a different loan, not the current $52.5M loan. They were in negotiations with several lending institutions over the past couple of years. They almost had their loan last year, but the lender backed out. I was on the phone with a source of mine, with Jim Vellema when he told my friend that. Right after that, he and All Star Resorts (Ralph Mann)formed that LLC. Then Ralph Mann got that $7.4M bridge loan from Del Mar Mortgage. That actually saved MPTV from going bankrupt.
Okay, what was your question again? LOL. Oh, no, we are not talking about the same loan.
Scoop :>)
Smudge, official O/S share count...
as of yesterday was 1,354,804,554 (according to their T/A). However, I sent a proposal to MPTV today. I came up with a scenario on how to drastically reduce their O/S share count, without the investors losing any money (not a reverse split). I didn't know if this had ever been attempted before, or whether it was legal. I checked with the SEC yesterday and found out that there was nothing illegal as far as the SEC or NASD was concerned. I was told they would have to check with the Secretary of State in Nevada to make sure there were no restrictions or guidelines. After searching the Internet, I did actually find a company who pulled this off. I don't know if MPTV is going to be interested, but I thought I'd send it to them anyway. Of course, if they don't get their loan, all of this is a moot point. We shall see.
Scoop :>)
Plato, I have been following MPTV for...
over a year and a half. I probably know more about MPTV and what's been going on from the inside out, than anyone. I've had great contacts over this period of time. Up to now, everything we have been told, MPTV never came through with. Do they finally have their act together? It 'appears' they are going to get the loan. However, this latest news has me a little ah...perplexed. They have delayed the walk through until next week. As the pr stated, they have "requested" Oxford to do the walk through next week. "Requested"? Also, they stated it would MPTV more time to review the loan documents. They have had these loan documents for about what, 4 months. I would think by now MPTV knew exactly what kind of language was in the loan documents.
I am hearing two things from my sources. Yes they will get the loan, and no they won't. This walk through delay could be due to a number of factors, all of which could be innocent. However, with MPTV's history, one always remains suspicious when yet another 'event' is put off or delayed. It's just the history of MPTV. To date they have not come through with anything. Are they going to do it now? My unofficial opinion is 'probably yes.' However...
DISCLAIMER: Do not take anything typed above to the bank. This is MPTV. Nuff said? LOL. I know, Plato -- after all this typing, you're no closer to answer.
Scoop :>)
Bando, I just find that incredible...
Not just with PCBM, but with any of these companies. They know they have to get their filings in. They have what, about 3 months to prepare? With most of these companies, one filing looks almost identical to the previous one. A few things are changed, or added. There is no excuse for this. Besides, it's perfect fodder for the bashers.
Oh oh, I can here Smudge approaching with her 'mudder' jokes! LOL.
Scoop :>)
Dusty, your kids did great! Scoop :>) EOM
Smudge, somebody bashed me? When?...
Why am I always the last one to find out?! LOL. If you're talking about pennyking, that's okay. He seems pretty harmless. A little on the 'strange' side, but harmless. Reminds me of the time I bashed myself and got tossed by RB! Just kidding! (You know what I mean) LOL.
Scoop :>)
Jerome, you think you're feeling an ouch?...
Have you heard my story yet? I know the guy who put that deal together. When the deal fell through with CSCA, he was talking with YNOT. At the time, I was trying to get HDOG sold. The guy who did the deal saw me post over on the CSCA thread that I was trying get HDOG sold, so he sent me an email. I had a deal with the owner of HDOG. If I could get it sold, he would give me 2.5M shares. I put the two parties together. The owner of HDOG sent this guy a proposal. He loved the proposal and was ready to do the deal. The owner of HDOG wanted cash for his shell -- $12,500. That's it. My friend didn't have the money at the time, and wanted to do the deal differently. They couldn't get together, so my friend went with YNOT, instead of HDOG.
I lost out on 2.5M shares because of that idiot with HDOG! I think about that to this day. After the reverse split, I would 'only' have had 500,000 shares -- free trading shares! Do the math -- 500,000 shares at about $20 or so = $10M. That's what I lost out on. I could have strangled that guy! In fact, now that I'm thinking about it...no, never mind. LOL (Not sure why I'm laughing. It hurts too much)
Scoop :>(
bluesox, thanks for the link...
I'm still hearing rumors of something really big in the works for PCBM, but I can't find out exactly what it's about. Grrrrrrr!
Scoop :>)
jerome, yes, today was a surprise...
After the last several days, what a rally, and on a Friday, too! We all needed that. I also agree with you on the China plays. Do not count them out. I still think Forklink and Bluepoint are going to be very good long term stocks to hold.
And though maybe some won't agree, I think IFTP is going to be a fantastic long term hold, provided they keep their act together and keep putting out solid revenue producing products.
Good investing everyone.
Scoop :>)
p.s. I wonder where the price of SYMY would be if this were last year? I get sick just thinking about it! LOL
k4s, Wow! I only had...
a few minutes to read that filing. Scrolled through it real quick. I was looking mainly at their revenues, etc. I didn't see that part! Thank you for bringing this to our attention. Great job! What an acqusition machine this company is. Once all the pieces are in place, IMO this is going to be one heck of a company.
Another SYMY alert...
Found out today that there are 4 extremely large independent investment groups that are ready to come into SYMY big time. I was told by the time they finished buying in, the price could end up around $3-$4, or higher, depending what the price is when they buy in (i.e., if the price keeps going up until then) They are waiting for SYMY to file their next financials, which should be pretty soon now. I have no idea if or when they will come in. This is just what I was told a little while ago. We shall see.
Scoop :>)
Smudge, here here! Yes, I've seen his game too. :>)
k4s, thanks for the update...
Maybe they meant that no one knew why he was there, instead of not knowing where he was? Not sure. Appreciate the update.
Scoop :>)
Another 'mystery' on SYMY...
It appears that the CEO and others, are on a mystery trip somewhere. This will last for over a week. No one knows where he is. I was told that even his own secretary does not know exactly where he is. I was told this by 2 really good sources. No one has a clue where they are, or what they are doing. It has everyone scratching their head. Hmmmmm.
Scoop :>)
Any updates on BYCI or FTET? Thanks. Scoop :>)
bruceski, ROFLMAO!!! Scoop :>)