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Has anyone checked their broker to see if this stock is deemed worthless yet?
Sloth
I wouldn't hold your breathe. I think JB has other business endeavors going on too so he may of just walked away from this.
Not a man to stay on one project long:
Bickel, James
Brief Biography
James Bickel is Chairman of the Board, President, Chief Executive Officer of S3 Investment Company, Inc. Mr. Bickel has over 40 years experience in sales and senior management positions with manufacturing based companies, serving as the president of Allison Spring and Manufacturing from 1968 to 1973, Bicor Machinery and Manufacturing from 1974 to 1979, and Keel Corporation from 1980 to 1986, all California based manufacturing companies of high tech metal parts and assemblies. From 1986 to 2002, Mr. Bickel served as vice president of Uniglobe USA and president of Uniglobe Midpacific, assisting in building a national travel franchise system with over 900 locations and later built golf retail franchise system. From 2002 to 2003, Mr. Bickel acted as vice president and secretary of World Health and Education Foundation and as vice chairman of MedChannel LLC, a medical device company serving radiology and surgical markets. Mr. Bickel served as Chief Operating Officer and Director of Green Globe International, Inc. from 2005 to 2008, a member of the Board of Directors of Sovereign Exploration Associates International Inc. during 2005 and a member of the Board of Directors of Aero Performance Products during 2007. Mr. Bickel has served on the Board of Directors of CLX Medical, Inc. since 2005. Mr. Bickel has served as Chief Executive Officer and President of S3 Investment Company since January 2006 and Chairman of the Board of Directors since January 2007.
http://in.reuters.com/finance/stocks/officerProfile?symbol=RDWD.PK&officerId=1055835
Sloth
The accompanying statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying consolidated financial statements, as of June 30, 2012, the Company incurred accumulated losses of $35,754,859. The Company’s current liabilities exceeded its current assets by $13,705,047 as of June 30, 2012. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
We need some HUGE contracts soon.
Sloth
Form 8-K/A for AMBIENT CORP /NY
19-Jun-2012
Changes in Registrant's Certifying Accountant, Financial Statements and Exhibi
Item 4.01 Changes in Registrant's Certifying Accountant.
On June 8, 2012, the Audit Committee (the "Audit Committee") of the Board of Directors of Ambient Corporation (the "Company") dismissed Rotenberg Meril Solomon Bertiger & Guttilla, P.C. ("Rotenberg") as its independent registered public accounting firm. The reports of Rotenberg on the financial statements of the Company for the past two fiscal years contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the two most recent fiscal years and the subsequent interim period through the dismissal of Rotenberg, there have been no disagreements with Rotenberg on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to the satisfaction of Rotenberg would have caused it to make reference to the subject matter of such disagreements in their reports on the financial statements for such years.
During the two most recent fiscal years and the subsequent interim period through the dismissal of Rotenberg, there have been no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company has requested that Rotenberg furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter, dated June 13, 2012, is filed as Exhibit 16 to this Current Report on Form 8-K.
Effective June 12, 2012, the Company's Audit Committee appointed PricewaterhouseCoopers LLP ("PWC") as the independent registered public accounting firm, for the Company for the fiscal year ending December 31, 2012. During the last two fiscal years and the subsequent interim period through the appointment of PWC, neither the Company nor anyone on its behalf consulted with PWC regarding (i) the application of accounting principles to a specified transaction or transactions, either completed or proposed, or the type of audit opinion PWC might render on the Company's financial statements or (ii) any matter that was either the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to that Item, or a "reportable event" as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
Preferred Stock
Our Articles of Incorporation authorize the issuance of 100,000,000 shares of preferred stock, $0.001 par value per share, the designation and rights of which are to be determined by our Board of Directors.
Series A Convertible Preferred Stock
As of both December 31, 2011 and June 30, 2012, we have 26.9806 shares of our Series A Convertible Preferred Stock issued and outstanding. Each share is convertible into 250 shares of common stock.
Series B Convertible Preferred Stock
As of both December 31, 2011 and June 30, 2012, we have 100,000,000 shares of our Series B Convertible Preferred Stock issued and outstanding.
Each share of the Series B Convertible Preferred Stock may be converted to 200 shares of our common stock at the option of the bearer.
Series C Convertible Preferred Stock
There's conversion requirements which might make it hard to reach the 20 billion OS but maybe others here can chime in.
Sloth
Boneheads. What the F? Who are their accountants?
Sloth
Won't the OS be maxed out once the preferred shares are exchanged. They're on a 200-1 and 250-1 rate. I didn't read the whole thing and don't know how many are issued but those will send the OS to the max it seems. I think the BOD is receiving those shares instead of pay.
Sloth
Website is no longer there. I would call / write the SEC and file a complaint. Too many lies...soon all the tracks will disappear so act now. The longer that JB does nothing, the harder it will be to figure out the scam.
Sloth
Here's the info I have for JB. It's time to hammer him with emails and phone calls and smoke him out of hiding. This is B.S. as we all know. It's beyond words that he would do this to long-time shareholders. I've met him twice and he seemed like a stand-up, blue collar type of guy. He seemed like a roll your sleeves up and get your hands dirty with hard work person. This is very surprising to me. Unless, he's dead or is in the hospital, there's no excuse.
j-bic@sbcglobal.net
650-444-5304
I believe you're right about that and it suks.
It really makes me want to go to Danville and confront him face to face. I'm really pissed.
Sloth
Only by email and he indicated he couldn't tell me anything that wasn't public knowledge and he seems to not be willing to tell the public anything.
What a DiK,
Sloth
Our Decline into the abyss:
DATE VOLUME
2012/07/10 -
2012/07/09 -
2012/07/06 -
2012/07/05 10,000
2012/07/04 -
2012/07/03 -
2012/07/02 -
2012/06/29 -
2012/06/28 -
2012/06/27 -
2012/06/26 -
2012/06/25 -
2012/06/22 -
2012/06/21 -
2012/06/20 -
2012/06/19 -
2012/06/18 -
2012/06/15 -
2012/06/14 -
2012/06/13 -
2012/06/12 -
2012/06/11 -
2012/06/08 -
2012/06/07 -
2012/06/06 -
2012/06/05 -
2012/06/04 -
2012/06/01 -
2012/05/31 -
2012/05/30 -
2012/05/29 -
2012/05/28 -
2012/05/25 -
2012/05/24 -
2012/05/23 -
2012/05/22 -
2012/05/21 -
2012/05/18 -
2012/05/17 -
2012/05/16 -
2012/05/15 -
2012/05/14 -
2012/05/11 -
2012/05/10 -
2012/05/09 -
2012/05/08 -
2012/05/07 -
2012/05/04 -
2012/05/03 -
2012/05/02 -
2012/05/01 -
2012/04/30 -
2012/04/27 -
2012/04/26 -
2012/04/25 -
2012/04/24 -
2012/04/23 -
2012/04/20 -
2012/04/19 250,000
2012/04/18 -
2012/04/17 -
2012/04/16 -
2012/04/13 -
2012/04/12 -
2012/04/11 -
2012/04/10 -
2012/04/09 -
2012/04/06 -
2012/04/05 -
2012/04/04 2,500,000
2012/04/03 -
2012/04/02 -
2012/03/30 -
2012/03/29 -
Volume of 999,999. What the heck? Weird. Who would buy and that amount. Maybe a mistake.
Sloth
I agree. More great news. We have the fundamentals, now we need some legitimate exposure (that which attracts institutional buyers).
We still need more customers to be really attractive and take us to completely new sp levels imo.
JB
Happy 4th Everyone. The worst part in this is losing our money. The second in line is all the good people of this board will not have a meeting place if this is actually belly-up.
I've enjoyed so many people here for many years and hope it's not the end. I've had it happen on other stocks and it's a bummer. I know it's only online friends but many of you I converse with more than I converse with my in-person friends. Investing brings out the good and bad in people so you kind of get to know people on these boards fairly well over the years.
Have a cocktail, raise the flag and enjoy tomorrow,
Sloth
I think they stopped being a registered company in CA or NV or something. If you go to the yahoo board, Myth has some stuff on it I think. I a bit busy at work right now so I'll also try to look into that. I know what it's for but I can't recall. I'm getting old ya know. Redwood is aging me even faster.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/forumview?bn=74262
Sloth
I feel it's almost time to force his hand to communicate with us. I wish Danville was close so I could just stalk him and confront him face to face. Conversing by email just doesn't do it.
Good luck all and may our glasses always be full (at least more full than now)
Cheers,
Sloth
I'm no lawyer but doesn't JB have a fiduciary duty to us to make the company a going concern. JB must have money and make a living somehow. How can a CEO just pack up after years of running a company and issuing stock to the public to run that company without some responsibility to do everything he reasonably can to make it work.
If this is it, I will definitely look into legal counsel to see what our rights are. I don't think I could afford a legitimate lawyer but there has got to be some that would give me free legal counsel to see if we have something to pursue. I don't claim to know about this topic and I know many on these boards claim to but I would like a professional to look at this and evaluate it. I guess it would take considerable research to find out if JB was doing anything illegitimate but he sure did put out a lot of PRs promoting the successes of Redwood Capital and its rosy future only to pull the rug out and say it all fell apart. How did this happen, when and how did it happen all at once. China is doing okay. How could the whole RTO market collapse so quickly. Didn't he see warning signs? If he didn't, then he mustn't be that smart or observant.
I'm not going to re-read this so sorry for anything that doesn't make sense. I have to rant and I can't let this go.
Sloth
Share Volume: 694,055
After Hours Volume: 326,094
What the hay?
Sloth
7 Highly Liquid Tech Stocks Positively Correlated With Volatility-AMBT
4. Ambient Corporation (AMBT): Develops high-speed Internet protocols-based data communications networks for the medium and low-voltage distribution grids in North America. Market cap at $135.04M, most recent closing price at $8.13. Current ratio at 4.47, quick ratio at 4.33. Correlation with the VIX index at 0.585 over the last 60 days.
http://seekingalpha.com/article/673801-7-highly-liquid-tech-stocks-positively-correlated-with-volatility
Sloth
Smart grid platform to European market unveiled by Ambient Corporation
Leading provider of secure, flexible and scalable smart grid communications and applications, Ambient Corporation, will give SG Paris 2012 participants a first look at the Ambient Smart Grid® Platform currently being utilized as the core technology in one of the largest deployments in North America. On June 21, 2012, Donald Pollock, Ambient’s VP of Global Sales and Marketing, will present Ambient’s solution at SG Paris 2012.
Mr. Pollock will offer conference delegates Ambient’s perspective into building a smart grid that delivers operational and financial benefits for utilities and their customers, as utilities in Europe move from innovation to deployment of smart grid technologies. Ambient’s proposition centers on a single, reliable high-speed communications network consisting of both hardware and software to support multiple applications in parallel. Supported applications include, but are not limited to, Advanced Metering Infrastructure (AMI), Distribution Automation (DA), Power Quality Monitoring, and Outage Detection and Restoration Management. The Ambient Smart Grid Platform’s flexibility to use a variety of communications, including Ethernet, Serial, Cellular, Wi-Fi, Radio Frequency (RF) and Power Line Communications (PLC), provides a versatile solution for utilities.
Since 2005, Ambient Corporation has been supplying its products and services to enable the commercial deployment of a secure, real time, two-way, Internet Protocol (IP)-based communication network for a leading North American utility.
In 2011, Ambient’s Smart Grid Node received the United Telecom Council’s (UTC) Product Award, an annual competition that recognizes critical infrastructure industry technology.
In addition to the conference presentation, SG Paris 2012 exhibition attendees will have the opportunity to find out more about Ambient products and services at Stand B7.
Who: Donald Pollock, Vice President Global Sales and Marketing, Ambient Corporation
What: SG Paris 2012 Conference - Session E: Integrating renewable energy sources, storage and micro grids - Ambient Corporation: Smart Grid Communications Infrastructure
Where: CNIT Paris La Défense - 2 place de La Défense – 92053 – Paris – FRANCE Conference Room: Apollinaire 8
When: Thursday, June 21, 2012 - 12:30 to 1:00 pm (GMT+1)
http://www.electricalportal.co.uk/electrical_article12378.html
Thanks Polk. Keep on Truckin'
Sloth
Of course they don't but that's surprising to me since how else do they get money and run this failing business without the public who they give a rat's _ _ _ about.
It really is astonishing that a public company, especially one that was very open with its shareholders at one point and reported earnings regularly, would completely cut off it's investors to the goings-on of the company. I understand keeping things tight lipped but to not even say "hello, we know you're still there guys", is completely unforgivable. Wouldn't it be free to update shareholders on their website with something or is that not allowed?
Biting the hands that have fed them for many years. Not a very good business decision to say the least.
Sloth
I know this is good but I wonder how many people use this index from which to invest. I guess it just gives us a little more visibility.
If anyone knows why this is a really good thing, please explain to me.
TIA,
sloth
Could of bought a house with those Fing marbles.
Running other things or starting new ones. imo
It's so sad. All of my small investments have basically disappeared off the face of the earth. They had promise but whoosh, they're all gone. No fun watching anymore. Nothing to discuss anymore.
GO KINGS!!
Sloth
The shareholder meeting is this week too I believe. I wonder if anything new is presented there?
Sloth
I think people were just trading it from the email alerts. I'm hoping some people know things we don't and that's the big reason for the increase in volume.
Good to see some upward action lately nonetheless.
Sloth
Will JB tell us that the company is worthless or let us just find out from our brokers that our stock is worthless?
I guessing the latter.
Sloth
Itron and Ambient Partner to Increase Smart Grid Functionality for Both Companies
LIBERTY LAKE, Wash. — June 30, 2009 — Itron Inc. (NASDAQ: ITRI) announced today it has signed a memorandum of understanding (MOU) with Ambient Corporation for integration of Itron smart grid and advanced metering infrastructure (AMI) solutions, and components, with Ambient Smart Grid® communications platform. The partnership enables a comprehensive and complete suite of smart grid functionality that Itron and Ambient will jointly market to utility customers.
Under terms of the agreement the companies will closely integrate Itron’s leading advanced metering application for the smart grid, OpenWay®, with Ambient Smart Grid communications technology to seamlessly connect legacy equipment as well as advanced smart energy applications to the nation’s power grid.
Itron North America senior vice president and chief operating officer Philip Mezey said, “This is further proof that the OpenWay architecture is adaptable to multiple networks in support of smart grid deployments. Building the smart grid requires unprecedented collaboration. Our partnership with Ambient will help both our companies extend smart grid benefits to more energy users.”
The agreement covers multiple technologies from both companies, including Itron ERT® technology, used for automated meter reading (AMR); as well as Itron Fixed Network and OpenWay RFLAN communications. The partnership leverages Ambient’s X-3000 node and AmbientNMS®, key components of Ambient Smart Grid solutions, and network capabilities utilizing Verizon Wireless’ cellular networks.
John J. Joyce, president and chief executive officer of Ambient, said, “This partnership brings together Itron’s core consumer and commercial AMI technologies with Ambient’s high-capacity communications network for a complete ‘utility to the home’ smart grid solution.”
Itron is a leading, global solutions provider to energy and water utilities, with more than 14 million OpenWay meters under contract.
Ambient designs, develops, and markets Ambient Smart Grid equipment, technologies and services.
https://www.itron.com/newsAndEvents/Pages/Itron-and-Ambient-Partner-to-Increase-Smart-Grid-Functionality-for-Both-Companies.aspx
Itron has china deal for meters...and...Ambient supplies those nodes and nodes are their backbone.
With the opening of the manufacturing facility in Suzhou Industrial Park, Itron, Inc. (ITRI) reached a new milestone fortifying its presence in the emerging markets of China. The facility will be providing residential water meters, industrial water meters and residential heat meters to the Chinese market and worldwide.
The heat meters manufactured by Itron are aimed at achieving energy reduction objectives supporting one of the goals of Chinese government’s Five Year Plan. Accomplishing the targets entails decreasing energy consumption by 16% compared with the 2010 levels and 32% compared with the 2005 levels.
As per the Five Year Plan, Itron intends to install initial smart grid constructions and interactive service systems before 2015. The Suzhou facility will also be designing and producing Ultramaxx, the next-generation heat meters.
The water meters will meet the objective of reducing water wastage along with giving valuable information to the water providers on managing their water resources more efficiently. These water meters will cater to the needs of residential along with commercial and industrial users.
Both the objectives of energy reduction and water management require precise and consistent data, which will be provided by the meters produced by Itron. According to the company, the meters are intended to provide the Chinese customers with radical assistance helping them to meet business challenges.
The decision of expanding footprint in the Chinese market is in line with the restructuring and manufacturing activities that Itron had planned in 2011. The company intended to increase its focus on the energy and water technology platforms that could be used in other products worldwide leveraging its development efforts. As per the plan, the company aimed at strengthening its focus on Latin America as well as Asia Pacific regions.
According to the company, the restructuring activities will result in savings up to $15 million in 2012. By the end of 2013, Itron expects cost savings at the annualized run rate of $30 million.
However, the restructuring activities will reduce the company’s global manufacturing facilities either by closing or consolidating the projects. It will curtail its manufacturing facilities by one-third of the total global facilities.
Moreover, Itron expects pre-tax restructuring charges in the range of $75-$80 million; of which it expects to pay a considerable portion throughout 2012 and the first half of 2013. Therefore, operating expenses will increase, creating margin headwinds in 2012 and in the first half of 2013.
Further, Itron faces tough competition from a large number of companies offering similar products, systems, and services. Some of its well-known competitors include General Electric Company (GE), Cooper Industries Ltd. (CBE) and Badger Meter Inc. (BMI).
http://finance.yahoo.com/news/itron-strengthens-foothold-china-151522679.html
I got an email from him about 3 months ago. I asked for a shareholder update and he said he'd pass it along. Little that did.
Sloth
I emailed Jim about what the F is going on.
He responded and said:
Sorry, can’t respond unless the response is available to all shareholders and were not ready to do that yet, this does not mean anything good or bad is happening just the current situation.
j-bic@sbcglobal.net
Sloth
What a crock!
http://article.wn.com/view/2011/06/04/TSX_Venture_Exchange_Daily_Bulletins/
click on Redwood video at bottom.
Sloth
and Tuesday and Wednesday and Thursday and....
everyday until something of substance happens and people get wind of it.
Sloth
Check the latest posts here:
http://messages.finance.yahoo.com/mb/RDWD.PK
A bit disturbing but I can't completely follow to fully understand if it's underhanded or something else.
Sloth
All of it was used up just like all the other resources this company has had.
Irresponsible leaders,
Sloth
This situation is strange in many ways. One way is that the company diluted the heck out of the stock for years and recently, there's no volume so how are they paying all their bills. They're in a very nice area so their overhead much be substantial.
How do they pay their bills, expenses, taxes, etc?
Sloth