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gapper = CORS if not already taken
CORS closing green
FIG n HOD too on 120K shares
PKTO repost from PKTO board read =>
Pocketop Information from Michael Burke:
From: "Pocketop" <pocketop@shaw.ca>
Subject: RE: Question on Pocketop
To: quikfix
The old Pocketop financials showed the old sales , the single product private company, that had debt, and a non-performing distribution contract. The new conpany is not related and created by the secured creditors has no debt only assets. The old company received only aprox. $5.00 (hense 1M=200,000 sold) per keyboard and has a 2 million (aprox.) receivable on its books. That asset was left with to be shared by the private shareholders which include Cyberhand Technologies International Inc. Pocketop International was the company the assets were vended into and it merged with the public company that had changed its name to Pocketop Corp. Both companies were debt free. There was no roll back but the cap was increased to 1 B to issue the restricted shares and leave lots of room for the future or possible sale. There is nowhere near that issued and it simply means that the previous 100M cap did not allow room for financing down the road and it was decided that a single shareholder meeting for the cap was better that multiple ones. Pocketop International shareholders were issued restricted stock only.
Hope this helps?
From: quikfix
Sent: Thursday, March 15, 2007 1:50 PM
To: pocketop@shaw.ca
Subject: Question on Pocketop
Hi Micheal,
You mentioned in the email below that "I believe long term investors will be coming after we introduce ourselves properly, and start sales".
I thought Pocketop has audited sales (began production in October 2001) already as per the links below:
http://www.pocketop.net/history.htm
http://www.cyberhand.com/investorrelations.htm#news
Specifically, it says "With respect to the market acceptance of the Pocketop Wireless PDA Keyboard, Pocketop reported in its financial statements over C$1.36 million in revenue over the 15 months ended March 31, 2003 (audited)."
Can you clarify this for me?
Wouldn't PKTO already have sales of at least over 2 million annually by now or does Pocketop get a portion of its revenue and Cyberhand get the rest of the Pocketop's revenue?
Also, there are two companies registered with the state of Delaware, Pocketop Corp, and Pocketop International Ltd. Which company is PKTO and what is the authorized number of shares (I am not asking for outstanding, I want to know the authorized) for this company?
https://sos-res.state.de.us/tin/GINameSearch.jsp
Thanks in advance.
FBR directors purchased some shares today
FBR will do well again tomorrow
Gapper = FIG
The Motley Fool article will bring in the money, not to mention this is bouncing off the lows
FIG doing well, pace picking up
FMT, whats driving it and will it continue??
FIG is bouncing off 52 wk low - and has alot of room to move......this is not a pinkie...already in at $24 range....
FIG news....could get good:
http://www.fool.com/investing/general/2007/03/15/quick-take-a-subprime-bull.aspx
By Matt Koppenheffer
March 15, 2007
Accredited Home Lenders (Nasdaq: LEND) was up a big 52% yesterday -- really nice for those Johnny-come-lately speculators, but small consolation for investors who were buying at $30 back in December. And despite the one-day jump, it's pretty clear that the subprime lenders, like Accredited, New Century (OTC: NEWC.PK), Fieldstone (Nasdaq: FICC), and Impac (NYSE: IMH), are rapidly getting swallowed up in the wreckage stemming from rising subprime defaults and a slowing in the real estate market.
What I have to wonder in all of this, though, is: With mass fear on the markets, is opportunity grinning its annoyingly cheeky grin somewhere? After all, there's nothing inherently wrong with subprime done right -- if you have a good sense of the default rates you'll be facing, and you price the loans accordingly, you can make decent returns.
However, it appears the lenders were making increasingly creative loans that posed a higher risk of default and they didn't adequately prepare for it. Now the buyers of the securities backed by these loan portfolios are banging at the door and waving repurchase agreements.
Obviously, many of these asset-backed securities aren't worth what investors thought they were when they bought them. That doesn't mean they're worthless, though, and while it's bad news for the New Centuries of the world, it could mean good news for anyone willing to roll up their sleeves, figure out what they're worth, and potentially buy at pennies on the dollar.
Yesterday, Newcastle Investment (NYSE: NCT), a real estate fund and one of the two publicly traded funds managed by Fortress Investment Group (NYSE: FIG), closed a $50 million preferred stock offering. In the use of proceeds section of the prospectus filing, Newcastle said that it has its eyes on a $2 billion pool of subprime loans that it wants to purchase with the help of Bear Stearns (NYSE: BSC) (which was also the lead underwriter on the preferred issue).
There weren't any details on the loan pool it's looking at, and it's fully possible that Newcastle is putting its foot down square in the middle of a bear trap. All the same, I have to imagine there are a bunch of hedge funds out there just salivating at the loan pools they may be able to pick up at a fraction of their value as lenders end up with their backs to the wall.
Love this board, no more pinks for me, bought FIG yesterday at the low on Hacks reccomendation (thanks Hack)......did my homework and bought FBR yesterday in the middle.....and up on both......I will not go back to pinkie land for awhile.....
Thanks to everyone who posts here!
FBR new HOD
FBR getting better and better
calls at 5????? explain please, its early
FBR looking good
FIG : 25.14 1560400 NYE 16:50:07 same as yesterday, large after hours print........up 3.7% today, I will take the same or more tomorrow
Hack - nice call on FIG
FBR looks interesting also
Gapper = CHB
FIG doing well today
FIG another $101M trade......what does this mean...please educate me, I am trying to cross over from pinks and I am a little behind the learning curve here
24.25 4175100 NYE 17:33:18
24.25 4175100 NYE 16:37:12
Did you buy the $100M dollars worth? Makes my entry look pale.
FIG traded almost as many shares in the one AH print as the entire rest of the day
but $100 M dollars worth in one print?
That is a $101,246,175 trade ??????
FIG trade 24.25 4175100 NYE 16:37:12
Why the drop in FIG?
ETRD moved to .041 on PKTO just now?????
As soon as selling stops, up we go! You think we will see a NOBO PR today?
NEWC up 33%
NEWC going....possible short term play
PKTO ready for bounce bid building
PKTO, why people would sell into that news amazes me, debt free, hello...
Quiet in here today
assset only companies don't dilute
what are the gappers?
SL, do debt free stocks delute????? PKTO going to go!!!!!
Do debt free companies delute stock???? NO!!!!
Thats because you need to sell at ask not below bid