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Mrnatural: I understand what you are thinking on Fmday. We are not the only ones that trade this stock and so a lot of day traders flip it after news comes out and the PPS drops everytime. .79-.80 seems to be a support level which creeps up little by little each time there is a spike. I bought 50% of my swing trade position at .87 and then I will wait to see if I can get my other 50% swing position at a lower PPS. It is one of those stocks you just have to wait and see what the PPS will do over a short period of time to get the most out of the next spike. You can bet that there will be a upward spike, but the timing is something that get's harder and harder to guess. I don't mind waiting, because I almost never get disappointed, but can take a month or two to see an increase due to news about a new contract or entering another global sector. GL, Walk
Wise: I have a order in pre-market on FMDAY at .80 to fill my other 50% swing trade position, but don't think it will drop that low. Just covering my bases on what could happen though. GL, Walk
Secure: I had sold my 10k spec play and still holding my 10k long term. I bought another 50% spec play today at .87 and will see what it does the next couple of weeks. I am going to accumalate along the way for the next run up. GL, Walk
Wise: I may be wrong about FMDAY this time around, but I have a funny feeling we will see $1.25 soon. I bought my flip shares again at .98 today and will know by Tues if I am right. I am still holding the 10k long term which I am not going to sell, due to I know so far that the company shows promise going forward long term. I still like it for a flip though and have a stop at .95 for a .03 loss if that happens, so am hoping they don't try and steal my flip shares at that stop. GL, Walk
Secure: Thank you and I will check it out. I am still keeping an eye on your wind mills for electric. Best regards, Walk
AZ: Sorry I was talking about RCO. I should have been more clear in my post. Best regards, Walk
AZ: I was watching my FMDAY go up and was bored and ran across that play and I couldn't believe waht happened when it didn't stop going up. Pure luck is all I can say about that one. Walk
What a lucky run I had on RCO today. Picked up some today due to catching someone's post while it started to run and was hoping for a .25 profit pop. Was worried about it , because I didn't do any DD and knew very little about what I was buying. Well after clearing $2.00 I pushed the button to sell, because I shouldn't have made a dime on it to begin with and have no idea why it ran so hard. Looks like you don't need to know anything about stocks, but just be at the right place at the right time. Very lucky buy and sell pick, Walk
I hope no one here has any investments in these companies at this time. Walk WASHINGTON - The Securities and Exchange Commission (news - web sites) suspended trading in shares of 26 small companies, including a health Web site named for former Surgeon General C. Everett Koop, on Wednesday because they failed to file required periodic financial reports.
The SEC began last June halting trading in companies for delinquent reporting, to protect investors by preventing stock manipulation. The agency said the companies' failure to submit the quarterly and annual reports means there is a lack of current and accurate information about them.
The SEC also said Wednesday that it began administrative proceedings against 12 of the companies to suspend or terminate their registration to issue securities.
"Public companies must keep investors informed through accurate and timely periodic filings" with the SEC, said Alan Beller, director of the agency's corporation finance division.
The halts began at the start of trading Wednesday. The shares will be allowed to resume trading on Dec. 15 if the companies file the required reports, provided their registration has not been revoked. Most of the companies' shares are traded on the National Association of Securities Dealers' OTC Bulletin Board, an electronic trading system for small stocks that are thinly traded.
The SEC suspends trading in stocks from time to time, but a suspension of numerous companies at the same time is rare. The agency suspended trading in another batch of 26 small companies in June for delinquent reporting.
The company operating the site named for Koop, DrKoop.Com Inc., was once worth more than $1 billion but collapsed a few years after going public. Some of its assets, notably Internet domain names, were sold in bankruptcy court for $186,000 to vitamin retailer Vitacost in the summer of 2002.
Koop originally was paid $10,000 for the right to use his name on the site.
Other companies subject to the trading suspension are: 1st Miracle Entertainment Inc., Advanced Solutions and Technologies Inc., Amitelo Communications Inc., Comparator Systems Corp., Digi Link Technologies Inc., Emerging Enterprise Solutions Inc., First Pacific Networks Inc., Gemz Inc., Homeland Security Technology Inc., Infotopia Inc., Shaman Pharmaceuticals Inc., United States Crude International Inc. and Whitehall Enterprises Inc.
Those subject to the trading suspension and whose registration the SEC is seeking to suspend or terminate are: Abacan Resources Corp., American Multiplexer Corp., Asset Equity Group Inc., DMT Energy Inc., Heroes Inc., Household Direct Inc., International Brands Inc., Interspace Enterprises Inc., JTS Corp., Mega Micro Technologies Group Inc., Vertical Computer Systems Inc. and Webvan Group Inc.
The SEC also announced that in separate actions, these companies had agreed in settlements to have their registration revoked. They neither admitted nor denied the agency's allegations in the settlements: Bigmar Inc., Biogan International Inc., Bluestar Enterprises Inc., Centura Software Inc., DirectShoes.Com Inc., HealthWatch Inc., Learncom Inc., Marchfirst Inc., Winstar Communications Inc. and 21st Century Wireless Group Inc.
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On the Net:
Securities and Exchange Commission: http://www.sec.gov
Wise: FMDAY is still a good play even though it takes longer to realize a profit than it did way back when. Some of mine sold today for a nice profit and am still holding 10k for long term. The fundamentals are strong going forward and I do believe that we will see the $1.50 to $2.00 run if and when they have news like the microsoft spike that took it over the $2.00 range for it's high. I will still make plays for a spike like today, but I feel keeping a nice amount for long term will rerward me when it does take that major leap forward. If it retreats again, I will be taking another short position for that $600.00 to $1,500 profit taking that seems to happen like clockwork, but just longer than before. GL and best regards, Walk
Secure: As you are aware of how the old saying goes, everyone has an opinion. I can not tell you truthfully to make a play on Qbid or not. I know many people that have got burned on that play in the past, and some made out like bandits. It was all about timing and that may be the case here again. Are you too late and will end up holding the bag until the next round? Who knows? Because I sure don't on that one. The one thing I do not like about it is that they have a zillion shares out and it is not about true value or generated revs at this point in time. I have made some good money on some of the pinks and OTCBB if I was lucky enough to get in on the ground floor before a run. I have also taken a position after the run had started and ended up holding the bag for months on end or took the loss and moved on. It has always been a game of a company's future potential, revs generated and timing of when to buy and sell. Even more so on these little company's that don't have a long record of success. It is a pure gamble plain and simple. HLSH, IBCIQ, Sons were a different story on my play there. These were companies with history and were still generating millions upon millions of revs weekly. The product or service's were still in demand, but the management had gotten off course and needed new direction. A company needs money generated on a continued bases to move forward and increase the stockholders PPS. Not just a spike of the PPS, but a continued increase of growth to substane that spike until the next round. The trouble with these small companies is that they don't generate enough money for that spike to hold value and therefore it becomes a timing issue of when to buy and sell to make the shareholder a profit on their play. If you trully feel that the company has a product of demand and know that they have good management behind them to continue to move forward as to where in time that they are not contiually staying afloat on the shareholders back, then make the play on that kind of DD and not just hype. Most of my plays boil down to either I am staying by the computer on a play to get out when the time seems right for a quick profit or I have done the best DD I can do and am prepared to hold long term for that continued growth in the PPS. You have stated that you have done your best DD and think the time is right for entry, then as far as I can tell, you are the Judge of this one. I could be in Vegas with you and be playing craps side by side. You say to me, Bill I have that gut feeling right now of being lucky and I would tell you to follow your gut feeling. Sorry I can't help you anymore than I have, but the plain and simple thruth is that this is a play that is a pure gamble of timing at this point and how long will it receive a spike on the plus side before it retreats backward. Good Luck and best regards, Walk
Secure: Thank you my friend and hope you had a good Thanksgiving also. You are a man of many words and I enjoy reading your post also. Hope that you hit that big runner one day and reap the enjoyment of taking some profits away from this very difficult game of timing the lows and highs. I am still loaded up with HLSH and am waiting for the re-listing to maximise my long waited play of making as much as I think I will make. It is over one and a half years from when I took my first position at .12 and now it is at $5.78, so I know it is just a matter of time before the institutions will want my shares at a premium of $10 to $15 before I let some of them go. I made the mistake of letting SONS and IBCIQ go way too early for a bigger profit from their crash and they have both made a several dollar gain from that time which was less than a few months later. I just couldn't make myself hold three or four big plays in which all could have turn sour like K-mart did on me and wipe out all shareholders value only to come back and make the new shareholders mucho money. I think that was a crooked play that the BK Judge allowed to happen. K-Mart never turned in the true value of their real estate holdings which in return was worth more than the stock was. They could have never pulled that BK off if the Judge had known what they were trying to do, but smart laywers know how to work the system. Anyway you take care and keep on trucken safely. GL, Walk
HAPPY THANKSGIVING to all and God Bless. Walk
Wise: I am with you on FMDAY. I have 20k shares and am going to hold a little longer and see what she does. GL, Walk
Around a year ago a friend of mine tried to tell me to buy some TZOO stock. Well I had a lot on my plate already and have had a very good year so far with my own plays. I had forgotten about it until he called today and that stock has gone from his PPS of around $6.80 to over $100.00 in one years time. He bought 2k shares and sold today at near the high and called to bust my chops. I had to tip my hat to him for that play and how well he did. I was glad to see him make that kind of return on his investment. You just never know when you might just hit that pot of gold with any of these crazy stocks. Just sharing that I wished I had also bought some of that stock. Good Luck with your own trading and hope one or more of you do the same. Walk
Wise: I don't know about you, but I am holding a good sum of FMDAY for the near future. Everything with this company seems to be moving ahead for the better and I do expect it to rise above the $ mark sooner than later. Started buying at .89 several months ago before the drop in the PPS and loaded up when it dropped to .74. I decided to hold the other day when it had a nice spike upward in the .90's and there was a nice profit on the table. I am going to hold it for a nice spike from here, even if it takes longer than I would like. This news could push it upward somewhat, but I don't think it will be what I am looking for yet. I am hoping for that spike to $1.25+ and there is some areas that we need to break through first before it can get there. It is another good short play if you bought at around .74 though. JMO, Walk
FMDAY NEWS: 11/09/04 06:21 am
BRIGHTON, UK--(MARKET WIRE)--Nov 9, 2004 -- Futuremedia Plc (NasdaqSC:FMDAY - News), a leading European e-learning solutions provider, announced today that is has signed an agreement for the acquisition of 100% of the outstanding shares in the Swedish e-learning provider Open Training.
Open Training has its head office in Stockholm with branch offices in Gothenburg and Västerås, Sweden. Its clients include many Scandinavian blue chip companies, among them Scandinavian Airlines, NCC, Pfizer, Ericsson, Kongsberg Aerospace & Defense, Saab Automobile, Volvo Trucks, and the Stockholm Stock Exchange. Currently Open Training has 15 employees, and it is not expected that there will be major changes to that number.
With core expertise in the areas of sales training, product launches, quality assurance and security, Open Training's product offering complements and broadens Futuremedia's range, thus strengthening leadership in the European market. In addition, the acquisition will provide Futuremedia with a footprint in Scandinavia, the second largest e-learning market in Europe. The Scandinavian governments were the first in Europe to implement subsidized home computing programs, opening the Scandinavian markets to Futuremedia's award-winning Learning For All(TM) offering.
Open Training's offering includes custom designed learning content, its proprietary "Learngate" Learning Management System and "Learnlab" content authoring tool, consulting and implementation services. With 2004 revenues of approximately US $2 million, Open Training has demonstrated a profitable and cash flow positive performance and is debt-free. Futuremedia has agreed to pay approximately US $2 million in cash and stock to acquire all of Open Training's shares, with an earn out provision subject to specific performance targets. In addition Futuremedia expects to issue a minimum of 300,000 options to key Open Training employees. The acquisition is subject to customary closing conditions and is expected to be completed no later than December 20, 2004.
"We are very pleased to be joining forces with Open Training, a leading Scandinavian e-learning provider, as a first milestone in our European expansion strategy. Scandinavian companies are advanced users of e-learning and the region was the first in Europe to widely adopt government subsidized home computing initiatives which have grown into a billion dollar annual market opportunity. Open Training's proven technology and quality product range adds substantial value to our current offering and provides us with the opportunity to grow our presence in Scandinavia thereby reinforcing our position as a European market leader," said Mats Johansson, Chief Executive Officer of Futuremedia. "We expect this acquisition to be accretive from Q3 of fiscal 2005, as well as having an immediate effect on our top-line growth, both of which will more than offset dilution. As we have stated in the past, Futuremedia sees itself as a consolidator in our industry, and we expect to continue to pursue opportunities such as this if and when they appear."
"It is very exciting for us to team up with an e-learning provider of Futuremedia's caliber," said Hans-Erik Eriksson, Executive Chairman and Founder of Open Training. "Our target market consists of large Scandinavian corporations which typically prefer to work with 'one-stop, preferred suppliers' that can provide fully integrated, front-to-end solutions. Becoming part of Futuremedia should allow us to substantially increase our growth rate. Our combined offering has the potential to expand our customer base and create the strongest and broadest solution in the Scandinavian market for e-learning and a valuable partner for Home Computing Initiative implementations."
GL,Walk
Put this one on your watchlist. ( CXII ) Commodore Applied Technologies, Inc. (OTCBB: CXII)
150 East 58th Street, Suite 3238
New York, NY 10155 Phone: (212) 308-5800
Corporate Website: http://www.commodore.com
Shares Outstanding: 127 million
Public Float: 59 million
Market Capitalization: $2,032,000
Closing Price Friday 11/05/04: $0.016) GL, Walk
Wantoberich: They don't come along like that very often. Walk
NEWS on VLXC: WALK October 27, 2004 09:09:00 (ET)
CITY OF INDUSTRY, Calif., Oct 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (Pink Sheets: VLXC) today announced a record third quarter net income of $2,210,550 or $1.10 per share. This represents an increase of over 142% from the third quarter of 2003, which was $910,177. Total net sales for the quarter were $9,880,200, an increase of over 119% from $4,500,888 last year. Total net sales for the nine months ended September 30, 2004, were $30,880,200. Net income for the nine months ended September 30, 2004 was $5,070,550 or $2.53 per share.
Javeed Matin, Chairman and CEO stated, "We have had continued success in all three phases of our business, which is evident by our consistent growth in profits and margins. This is a very exciting time for Veltex and we look forward to issuing additional positive developments in the near future."
Veltex sales in 2003 totaled $19.99 million, Company sales in 2002 totaled $13.9 million, and sales in 2001 were $8.7 million. Audited financial statements for the Company's 2001 and 2002 results are available at the investor relations section of the Company's website. The audit for 2003 should be available in the next 30 days and will also be posted on the company's website.
Veltex Corporation is a vertical manufacturing, import and distribution company composed of three divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
I never thought it would jump so fast on VLXC. I had a sell in for $2.25 just in case and it sold this morning while I was gone. Dang I wish I had bought more yesterday. Walk
wantoberich: I took a 1k position yesterday at .97 to see what it does in the next couple of days. Could be a good play or a bad one. Time will tell I guess. Walk
Some more DD on (VLXC) Walk
CITY OF INDUSTRY, Calif., Oct 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (VLXC, Trade) today updates shareholders on corporate developments.
Veltex announced the successful start up of Veltex Apparel, its new United States based distribution company. Veltex Apparel is expected to add considerable sales and increase profit margins in 2005. The Company now controls the entire process for its products from the beginning manufacturing of fabrics, to producing the end products and finally distributing them to its customers. Through this vertical integration the Company eliminates layers of middlemen thereby significantly reducing costs.
The 2005 Veltex catalog is completed and has several products it plans to market to major retailers. Kohl's, Target, JCPenney, Sears, Wal-Mart and Kmart are all retailers the Company plans to pursue business with in 2005. The catalog will soon be available for download at the Company's website.
A large source of new business for Veltex comes from attending trade shows. In 2004, the Company attended shows in Las Vegas, Long Beach, Chicago, New Jersey and Dallas. These shows can bring in over $1 million in sales per show. Next year Veltex plans to at least double the amount of trade shows attended.
Additionally, the Company said the 2003 audit should be completed in the next 45-60 days and the Company plans to post the audit on the Company's website upon completion. Furthermore, Veltex expects to have its 2004 audit done in the first quarter of 2005.
Javeed Matin, Chairman and CEO states, "We are very excited by the current growth that Veltex is experiencing. The trade shows have been a tremendous success for us and we are committed to attending more quality trade shows next year. Our distribution company has huge potential too. We believe the distribution company alone could become a $100 million sales entity over the next few years. Veltex has positioned itself nicely to become a major player in the apparel market and we look forward to our future success."
Veltex Corporation is a vertical manufacturing, import and distribution company composed of three divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
www.veltexcorporation.com
www.veltexapparel.com
Safe Harbor: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions 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. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to replace and expand.
For investor relations please contact: Paul Knopick at 949/707-5365, pknopick@eandecommunications.com
SOURCE Veltex Corporation
Investor Relations, Paul Knopick, +1-949-707-5365,
pknopick@eandecommunications.com, for Veltex Corporation
http://www.veltexapparel.com
Copyright (C) 2004 PR Newswire.
Don't know enough about this company yet to tell you what the PPS might do the next couple of days or even in the near future, so do your own DD on this one for sure. It made a move upward yesterday and here is some of the news out. Symbol ( VLXC ) I know it has a very low float at the present time, but there are still some very important questions that need to be answered. If the news is accurate then the PPS is very low for the amount of gross revs and expected profits, but you know how much most of these small companies blow smoke with their news. Is it reaL OR A PUMP AND DUMP??? See what you think. wALK October 25, 2004 12:30:00 (ET)
CITY OF INDUSTRY, Calif., Oct 25, 2004 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (Pink Sheets: VLXC) plans to become a fully reporting Company upon the completion of its 2003 audit. The Company is currently undergoing the audit by a SEC licensed auditor. We expect the audit to be completed in the next 30 days. Veltex will also be announcing its 3rd quarter results on Wednesday, October 27 before the market opens.
Javeed Matin, Chairman and CEO states, "Over the past 5 years we have worked very hard to grow our business. Veltex has evolved from a startup stage company to a business on pace to produce over $40 million in revenues annually. We feel that now is an excellent time to reward all of the company's faithful shareholders and followers. We at Veltex believe that by becoming a fully reporting company we will significantly enhance investor confidence and the stock market will finally appreciate all of the hard work we have put in. Additionally, larger investors and institutional traders will be able to purchase shares of Veltex once the Company is listed on a major exchange and is filing SEC statements. During the first six months of 2004 we have produced over $20 million in revenues and $3 million in profits. We have numerous exciting opportunities that should materialize in the near future."
Veltex Corporation is a vertical manufacturing, import and distribution company composed of three divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
Thanks: Chuck, I bought it again and made another double today. I only used a portion of my profits this time around, because,I wasn't sure what would happen today. Made 2k and am going to hold the other 50% free shares for long term. I do like the potential of something like this for the future. You just never know what these little companies will turn out to be in a year or so. I can't lose anything now and banked most of the profits from yesterday. I will not let them get it back on this one, no matter what happens in the future. I love being lucky enough to put my investment in a position like this. It is a win, win situation. I just wish more like this play would come along more often. Best regards, Walk
Wise: Thanks, I am also holding 10k shares of FMDAY at .89 which I bought a while back. Will have to ride it out until they show investors something that will bring the PPS back above $1.00 or better. I am not worried, but it doesn't seem the jewel that it used to be. I have been very lucky for some time now on many of my plays and hope to be able to continue, because I know it can change in a split second. Best regards, Walk
Turned my $4,500 into $12,000 in less than a week on ITCV that I posted about last Tuesday. Hope someone else made money on it also. Walk
Joe: I am going to try and pick up some "POPN" on a drop like yesterday if I can and sit on it until it pops like you think it will in the future. I am also going to try and get some of that "ITCV" for the future, due to it does have a very good concept and also shows potential. I have been doing so well on dead cat bounces with some NAZ and DOW stocks that sell off on bad news and get oversold with panic. It seems the sky falls on these and then they have a very nice spike up and I sell before they settle down again. The risk is great, but the last 4 have yielded a minimum of .22 and as high as a $1.00 before I sold in a day or two. A couple like Sons and IBCIQ went much higher, but I have learned not to get too greedy. With the smaller ones of less than .10 then I don't mind letting them sit for a while to receive a nice spike, but the ones I have been playing have had a risk factor as high as $33,000 so I don't leave the computer for a second until it is sold for that bounce. Holding for one more day on those is nothing short of stress at it highest, due to the unknown and what the PPS will open up at the next morning. When the stress get's too high, then I take some time off and re-group my thinking, because I know if I don't, I will get lazy and it can cost a bundle to not stay ahead of the market surprizes. Thanks and good luck, Walk
Out at .97 on GNLB. This is the 4th one in less than 4 weeks that bad news has hit the wire and I waited for it to hit near a bottom. Easy money when the odds are there will be a rebound due to being over done on the sell side. Walk
JOE: You seem to be the king of these types of plays like "ITCV". What is your opinion on this one? TIA, Walk
Keep this one on your radar. "ITCV" Walk
Stockprowler's pick this week...
Itec Environmental Group, Inc. (OTCBB: ITCV)
693 Hi Tech Parkway, Suite 3
Oakdale, CA 95361
Phone: (209) 848-3900
Corporate Website: http://www.iteceg.com/iteceg.htm
Shares Outstanding: 223 million
Public Float: 135 million (estimated)
Market Capitalization: $714,000
Closing Price Friday 10/01/04: $0.0032
Itec Environmental Group, Inc. is quite possibly the most undervalued stock we have looked at in the 5 year history of the Stockprowler Report... Itec is marketing a new cost effective environmental technology using a low-cost CO2 cleaning process known as the ECO2TM Environmental System. The ECO2TM System is the only plastic recycling system on the market today that allows for the recycling of used motor oil bottles and the residual oil left inside each container as well as the recycling of other HDPE and PET containers. The ECO2TM System does not use water, thereby eliminating secondary costs for effluent wastewater cleanup associated with current cleaning technologies.
Each year in the U.S., Do-It-Yourselfers and service stations buy and use an incredible 2,000,000,000 motor oil containers… and on the average, 1 ounce of residual oil remains in each “empty” plastic container. Because there are very few formal used motor oil bottle recycling programs, the plastic and the oil get discarded into landfills. This oil can leak out and contaminate the ground and water. One gallon of residual oil can potentially ruin 1,000,000 gallons of drinking water.
Also, consider the following:
An estimated 16,000,000 gallons of recyclable residual oil is thrown away each year. This is enough to create an oil slick the size of the state of Ohio and has the potential to pollute 500,000,000,000 gallons of drinking water. Enough to supply the world's current population with drinking water for over 4 years.
An estimated 260,000,000 pounds of recyclable plastic is thrown away each year. This is enough plastic to fill 2536 football fields covered one foot in depth.
The residual oil left inside each motor oil container contaminates the plastic making the containers nearly impossible to be recycled by conventional plastic recycling companies. Very few plastic recycling companies handle plastic motor oil containers because of the washing process and the permitting associated with discharging the wastewater.
Manufacturing plastic oil containers from virgin plastic resin consumes oil or natural gas in the production of the resin. Recycling oil recovered from the 2,000,000,000 motor oil containers would produce 37,000,000 1-quart bottles and save 630,000,000 gallons of crude oil.
The principal technology underlying the ECO2TM System was developed by Honeywell Federal Manufacturing and Technologies, Inc. and the U.S. Department of Energy (DOE). Itec has signed a five-year license agreement (with an additional five-year license extension) to use this process for the recycling of post-consumer and industrial plastic scrap. The technology has been recognized as a significant environmental breakthrough and will increase the percentage of plastic diverted from waste streams to recycling and re-use. Increasingly, plastic recycling and used motor oil recycling programs are becoming required by the EPA in the United States and by similar agencies worldwide.
The machinery used in the ECO2TM system has been designed, developed, and produced by Cool Clean, a former division of Chart Industries (NYSE: CTI), a world leader in CO2 technology. Itec has entered into OEM agreements with Cool Clean to manufacture the CO2 cleaning equipment exclusively for the ECO2TM System. Cool Clean and Itec utilize the Chart Industries plants in the Czech Republic and in Minnesota for worldwide markets.
http://www.iteceg.com/es/eco2open.htm
The ECO2TM System uses CO2 to clean the plastics and separate glue, labels, oil and other contaminates from the plastic. Some contaminates make most types of plastic ineligible for traditional recycling programs. Used oil containers were the first focus of this new technology, however additional scientific testing results now indicate the technology can be profitably employed to recycle all plastics regardless of the contaminant. The ECO2TM System completes two cycles per hour and is capable of producing more than 1,000 pounds per hour of clean, recyclable plastic, plus gallons of residual oil. The technology can process six types of contaminated plastics:
1. Pesticide Containers (HDPE)
2. Mixed Color Post Consumer HDPE Containers (Detergent, Shampoo & Clorox Containers)
3. Natural Post Consumer HDPE Containers (Milk & Water Containers)
4. Oil contaminated plastics (Post Consumer HDPE Mixed Color or Natural)
5. Post Consumer PET - (Soft Drink Containers)
6. Gallon paint buckets (HDPE)
The ECO2TM System is cost effective and competitive in several areas:
Uses no water and has zero environmental impact with no waste-water or by-products produced
Higher profit margins due to decreased operating costs. The system uses CO2 and a re-usable solvent to clean the plastic. It produces no wastewater, uses less electricity, lower maintenance costs, and fewer employees.
Plastic cleaned with the ECO2TM System is odorless and contaminant-free and can be used in a wider variety of applications than traditional water cleaned plastics.
The ECO2TM System enables plastic recyclers the ability to recycle oil-contaminated plastic and recover the residual oil.
No permits are needed for wastewater discharge.
Is a closed loop system, continually reusing low-cost CO2, and co-solvent.
On Sept. 7, 2004 Itec Environmental Group, Inc. announced that it received approval for a $2,000,000 low-interest loan from the California Integrated Waste Management Board through the Recycle Market Development Zone Loan Program. The loan was approved at the August 17, 2004, monthly meeting of the CIWMB at the California EPA headquarters in Sacramento, California.
“We worked with the CIWMB for some time on this project. We are extremely pleased with the Board's approval of the loan and consider the fact that this loan was approved after a prior $256,000 research grant from the CIWMB to develop the ECO2(TM) Environmental System to be an exciting development. We believe this loan will enable Itec to build the first of what we hope to be many plants in the USA,” stated Gary M. De Laurentiis, President of Itec Environmental Group, Inc. “Over the past 18 months we have been testing our Eco2 System technology which uses a environmental friendly co-solvent and CO2 to clean post-consumer plastics, instead of water, to remove dirt, labels, glue and contaminates from the containers from plastics. We've been focusing on recovering very high quality food grade flake from recyclable plastic containers that existing systems either avoid or must ship overseas. The test results proved that this state of the art Eco2 System will produce a finished, odor free product for 30% less than other systems. The fact that the Eco2 System uses absolutely no water, and discharges nothing into the environment, is of great significance when one considers that this is an industry that exists to reduce damage to the environment, not simply substitute one source of pollution with another,” added De Laurentiis.
In March 2004, Itec entered into a five-year lease with a five-year option on a 51,394 sq ft steel frame building in a heavy industrial complex building in Riverbank, California. The lease includes an additional 3,500 sq ft of office space. All necessary infrastructures, including a rail siding, are in place. The company began ordering equipment for the plant in mid-September with installation of the equipment taking approximately four months. The company is making every effort to ensure testing of the Eco2 System will commence in December 2004. At full capacity, the Company believes the plant will produce approximately 6,000 pounds per hour of post-consumer PET beverage containers and HDPE used oil containers and employ approximately 48 production personnel. The plant will reach capacity early in its second year of operation. Expected revenues for the plant are approximately $15,000,000 per year.
http://www.iteceg.com/es/esgraphics/plastic_large.wmv
Itec has developed a used motor oil bottle recycling program which has been accepted by the State of California. As part of the program, the company sells granulators and collection services to cities, counties and private industry for the granulating and collection of used motor oil bottles. Once collected, the plastic is delivered to the plastic recycling plants for processing. This program is currently being marketed across the United States and will supply Itec's plastic recycling plants with an additional source of plastic for recycling.
And this from the State of California Integrated Waste Management Board archives:
“Itec Environmental will utilize a patented process and licensed technology to process post consumer PET bottles by using waterless, recyclable carbon dioxide and producing contaminant free PET flakes of Q1 and Q2 grade that can be readily sold in the market. This project is projected to process 15,000 tons per year of post consumer plastic PET bottles and will contribute to the diversion of that material from the waste stream, thereby assisting the local jurisdiction’s compliance with AB 939. In addition, Itec has developed the technology to process HDPE used oil containers. Itec can either sell the HDPE processing system to other recyclers or Itec can expand the capacity at the Riverbank facility to process HDPE used oil containers. “There are no PET processors who can wash and clean post consumer plastic bottles in California. Itec is expected to be the first plastic recycler using the waterless CO2 technology.”
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Looking at GNLB for a dead cat bounce. Walk
"FMDAY" NEWS: Source: Market Wire
Released: 05-10-2004
FUTUREMEDIA HITS THE HOME LEARNING MARKET WITH LAUNCH OF PERSONAL INTEREST E-LEARNING COURSES
Brighton, England – 5th October 2004 - E-learning provider Futuremedia, has today announced the launch of its new range of personal interest e-Learning courses. In response to feedback from thousands of home computer users already signed up to the hugely successful “Learning For All™” program, (which incorporates the Government’s Home Computing Initiative (HCI)), Futuremedia has unveiled a complete series of new online courses.
Users benefiting from these new courses can develop a variety of new skills ranging from making basic home improvements to creating the perfect barbecue as well as learning basic computing skills. Each course lasts approximately 25 minutes and provides the learner with helpful, practical tips and advice on each topic.
David Welham, managing director of Futuremedia UK explained: "We welcome feedback from users on our Learning for All programs, and are delighted to have developed these lifestyle courses to match their interests. We also expect to see huge growth in our portfolio of courses over the next few months.”
“The home learning market is expanding at a rapid pace and the success of the Futuremedia Learning for All initiative proves that people not only want to take advantage of an affordable computer, but also want a complete package that provides both new information and learning skills.”
Published today are the following titles: Holiday Planning, The Perfect Barbecue, Basic Computing and School Smart. At the end of October the following additional titles will be published: Party Catering, Skiing and Snowboarding holidays, Camping and Caravanning, Buying and Selling a Home, Garden Design, Digital Photography and Video Editing, Internet Shopping and Child Development. More courses currently under development by Futuremedia are to be released later this year and will cover the following topics: Healthy Eating, Fit for Life, First Aid for the Home, Beginners Wine Guide, Home Improvement and Planning Your Child’s Future.
Following its launch in 1999, the Government’s Home Computing Initiative has helped many UK organizations to improve the basic IT literacy of their workforce. By offering a tax exemption companies can loan computers to their employees free from any tax liability. Futuremedia’s Learning for All program allows employees access to an internet-ready, fully installed home computer with on-line learning content.
GL, Walk
ULTE making a very nice run today. It had dropped to a 52 week low of $1.46 on Tuesday and now is $3.22 Walk NEW YORK, Sept 28 (Reuters) - Retailer Ultimate Electronics Inc. (ULTE,Trade) expects to post a significant improvement in its third-quarter bottom-line results and is unaware of any development that should be driving its stock down, Ultimate's chief financial officer said on Tuesday.
Shares of Ultimate fell as much as 9 percent to $1.46 in Nasdaq composite dealings earlier on Tuesday but rebounded from their lowest level in at least two years to finish the session at $1.83, up 13.7 percent.
"I have no idea why the stock is trading the way it is," said David Carter. He told Reuters in an interview that the only pending announcement due from the company is its sales release for its third quarter ending Oct. 31.
Ultimate is in the midst of efforts to turn itself around after months of disappointing sales and mounting losses caused by competition from mass market rivals like Wal-Mart Stores Inc. (WMT,Trade) and Best Buy Co. Inc. (BBY,Trade)
Carter said he believes that the consumer electronics retailer will report improved bottom-line results due to initiatives to bring back customers, train staff and increase assortments of key products like flat-panel televisions.
The company a year ago reported a third-quarter loss of 42 cents a share, and currently the analysts' average forecast is 41 cents a share for this year, according to Reuters Estimates.
"I think when we do report third-quarter (bottom-line results) ... we will have a surprising improvement in the quarter year over year.
"We have many, many things that are going in the right direction. It's just that nobody is giving us credit for them," added Carter, who took over the CFO job in June.
His optimism about third-quarter performance is a sharp departure from the company's gloomy announcement on Aug. 26, when it said reaching its goal of profitability could take much longer than it had initially anticipated.
And judging by the level of short interest in Ultimate's stock, not everyone agrees that the retailer -- with a heavy presence in the Rocky Mountain, Midwest, and Southwest regions of the United States -- could be close to turning the corner.
According to latest data from investment firm Rhodes Analytics, Thornton, Colorado-based Ultimate has short interest of 3 million shares, or 25 percent of its 12 million publicly traded shares.
Rhodes considers stocks with short interest versus float ratios of 20 percent as being subject to higher-than-normal volatility. Short-sellers are contrarian investors who profit from betting that a company's stock is poised for a slide
SS: At 57 I am no puppy either. Have traveled a lot of miles through lifes adventures and always tried to learn something positive along the way. Never walked away from making a stand, when it was the right thing to do. Have seen many things that life offers and nothing surprizes me any more, good or bad. The good Lord made a beautiful place for us to live in, only for man to screw it up, due to greed and lack of appreciation. I have never seen man come close to duplicating the natural beauty that this earth has to offer. I do take the time to smell the roses so to speak and try to live life to it's fulliest as time goes by. Many a man and women miss what is important in life until it is too late, or never experience it at all. Yes, I understand what you are saying and glad you take the time to enjoy the finer things in life and know that some of the best experiences are the simple ones right in front of you and beside you. To me "Love" is the greatest of all and nothing else even comes close to matching it. Will have my 39th this Friday with my sole mate and never had any regrets along the way. I can tell by many of your post that we have traveled some of the same roads and learned some of the same things that life has to offer, some being very simple, but very important to have learned and valued at the end. Take care my friend and wish you the best. Walk
AZ: I bet you were cute riding a motorcycle. I know a woman in her mid 70's that rides a Harley V rod. She had never ridden a motorcycle in her life until her husband passed away a couple of years ago. She is really something to see. She said she wanted to live life to it's fullest and she does that for sure. Take care, Walk
SS: Have a safe trip and think what it would be like riding a Harley there. hehe, Walk
I am playing this at a bounce with the news out after it took a major hit today. (VLTS) Went from $6.61 down to $1.90 and now heading back up some. Walk
NEW YORK (CBS.MW) - Shares of Valentis plummeted Wednesday after the company said a trial of the use of Deltavasc, its lead product, missed its primary endpoint of relieving muscle pain in people with heart disease against a control group.
The stock (VLTS, Trade) dropped $3.79, or 57.4 percent, to $2.81 in afternoon action. Earlier in the session, it scraped a 52-week low of $1.90. Volume of 5.4 million was more than 32 times the issue's daily average of 168,200.
The phase II trial included peripheral arterial disease patients suffering from intermittent claudication, or muscle pain, when they exercise. Its primary endpoint was the improvement of exercise tolerance after a 90-day period versus a control group.
Valentis, which is based in Burlingame, Calif., said there was a "statistically significant increase" in exercise tolerance in both the group treated with Deltavasc, which is the Del-1 gene and the company's proprietary PINC polymer delivery system, and the group that received just the PINC polymer.
In fact, the group receiving just the PINC polymer saw an increase in exercise tolerance from baseline of 34 percent, while the Deltavasc group saw an increase from baseline of 32 percent.
"While we were surprised with the lack of difference in the two treatment groups in this trial, we believe there is sufficient evidence from our Phase II trial to warrant a pivotal trial of PINC polymer in peripheral arterial disease," said Benjamin McGraw, the company's chairman and CEO, in a press release.
He continued: "If (the) PINC polymer demonstrates similar efficacy and safety in subsequent clinical trials, we intend to bring to market a product that is safer with more convenient dosing and potentially better efficacy than currently available products for peripheral arterial disease."
The company also said it plans to conduct a trial of Deltavasc for a non-cardiovascular indication.
For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com
Wise: I see your disclaimer at the top of the page now and wondered if someone complained about our postings of different spec plays. Did someone get you confused with that other Wise Investment company? Anyone here can clearly see that this forum is where we all share our different spec plays of all kinds and prices from the pinkies, OTCBB, Amex, NAZ and the DOW in hopes of helping one another to try and make money in this tough market of today . If there is some kind of problem, just give me a heads up and I will verify that you have this forum for many different investors to share their personal opinions and DD on all kinds of spec plays. You have never to my knowledge tried to influence anyone on a BUY OR SELL of any investment as long as I have been a part of this forum or even the other forum on the RB board. I know you moved this forum here, due to RB having major problems as to where we were down and could not post for some time, due to them having some kind of clitch in their system. Hope all is well for you and I have always respected your strict rules and regulations pertaining to fairness for "all" on your board and hope all other posters here do also. GL and best regards, Walk
Chuck: This is the first time in over 118 years that four storms have hit the same state in a one year period. The last time this happened was in 1886 and Texas was the unlucky state. I am so tired of moving the boat and all my toys to prepare for more high winds and rains to hit our area and this being in a period of less than 7 weeks. I have realatives on both sides of the state, so either way some of us get hit with direct hurricane forces. Now they expect it to hit in Fort Pierce where several of them live and then travel across to my area on the other side of the state with hurricane winds continuing most or all the way. I used to feel sorry for the people with all the snow storms up north, but this is getting old putting up with flooding, sometimes no electric for days at a time and trees down. Just got through cleaning up after the last one and here comes another. It does seem that everyone in different areas of the US have at different times their own troubles with weather, fires or some kind of distruction. We all expect our homeowners insurance to go up at least $300.00 next year across the board for everyone living in the state. I still have over 75 large oak trees left on my property, some reaching over 60 feet tall and thats after paying to remove over 65 others, due to being damaged or in a bad place to keep them any longer. I have spent over 12k out of pocket having this done in the last 2 years alone. The tree guys really like me and know me well by now. Well got to get ready for what ever comes my way again and hope we don't get any major damage on this side of the state like the east side is getting ready for. Hope all is well with the rest of the people here and if you live in FL, good luck in you area and I hope you fair well with the storm. Best regards, Walk