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Wayne...you said it. A lot of the doubts that were out there on TLYN have been cleared up in Black and White for all to see. A masterful job by Talieh if you ask me.
-k
One way or the other we get an update today. I think we get the AFs or we get a message as to the delay from Peter. Nothing worse than uncertainity IMO. As far as I'm concerned "its going to be a lovely day", a little Bill Withers for inspiration today ;).
-k
OT: Rig, do you eat pasta for breakfast as well? :)
-k
skaka...I really think this play will unfold over the course of the year. The real gains will be made as they start marketing and selling the product. The share structure is definitely stable based on the letter. We need updated AS and OS numbers posted by the company.
-k
skaka...the news is GREAT for shareholders. The following is a list I would like to see:
- List of Telecom companies using the product
- More details on the product itself
- Updated filings for 05 and 06 (by EOY)
- Move to OTCBB
-k
TLYN letter with salient points highlighted:
Telynx, Inc. Letter to Shareholders
From: President and CEO, Talieh Safadi Date: September 25, 2006
Dear Valued Shareholders:
It is my pleasure to report to you on the recent developments and status of the company over the last year.
In our last report, dated March 8th, 2005, we updated you on the company’s major restructuring plans. In this letter we will update you on the progress we have made over the last year. Additionally, we will address some of the common concerns of our shareholders over the last few months.
One of our most important accomplishments this year has been the public SEC filings, bringing the Company current as of 2004. Over the last two years, the management team has worked very closely with our accountant and the public auditing firm to accomplish this.
You might have noticed that recently we started the process of filing all required Ks and Qs. So far we have filed 6 Qs for the years 2003 and 2004 as well as 3 Ks for the years 2002, 2003, and 2004. This will bring the company current with its filings through the end of 2004. However, we still have to file all the Qs for the year 2005 and 2006, and the K for 2005, to be completely up to date with our filings.
The auditors are in the process of completing all the required audits for these outstanding years and we expect to file them before the end of the year, 2006, granted there are no unforeseen circumstances.
Once the company is current with the filings it is our intention to move the company to the OTCBB.
There are two important issues, concerning the SEC filings that we wish to bring to your attention. First, due to the company’s state of dormancy in late 2002 and 2003, records were not properly kept which therefore made it impossible for the auditors to render the official “Letter of Opinion” for those two years. However, the auditors were able to prepare current financials from previous audited financials of 2001 and the published Qs for 2002. Second, we attached a letter of opinion from our attorney that is part of the 2002 and 2003 10Ks addressing the issue.
For the 2004 filings, the auditors have been able to perform the required audits and they rendered their opinion on page 28 of our 2004 10k report. Please read the 2004 audited filing for additional information.
Another important event to report on is the Labor Department Investigation. As you may know, back in late 2003 and early 2004 the Labor Department started an investigation of the company regarding its 401k plan. The company had almost $800,000.00 in the plan for 43 Participants. Soon after the investigation began and the new management took over, the board elected to close its 401k plan and distribute the money to its beneficiaries. Starting in June of 2004, we worked very closely with the Labor Department to ensure that every participant received the money owed to them by the plan. By the end of 2005 all the money was distributed back to the participants.
In September of 2005, we were pleased to receive a letter from the Labor Department stating that they were concluding their investigation.
While we were focusing on the corporate restructuring and clean-up, we continued to develop and enhance our product so we can increase our share of the market.
Through all the difficulties the company faced in the past, the one thing that saved it was its flagship product. The company has developed one of the most flexible and user friendly products on the market. Because of the success and popularity of the product, it is now being used by telecommunication companies around the world.
It is our intention to continue to provide services to these clients as well as expand our share of the market.
Recently we announced the unveiling of our latest product, Telynx III. Telynx III still has the same flexibility and user friendly functions of the older product with the latest updates to support the new standards in the industry. The new product is scalable, adaptable and most importantly it is cost effective. Please visit our website to view our PowerPoint presentation on the product and the Telynx III Functional Overview.
Over the last few weeks, we have received a number of encouraging emails and phone calls from many of you. Some of these emails and calls had common questions and concerns. We would like to address these questions and concerns.
1- The Preferred Shares
2- Funding
3- Product
4- Marketing Plans
5- Current Liabilities
The preferred shares were created few years back to protect against potential hostile take over and to protect the company from the delusion that took place after the PIPE deal. It is important to keep in mind that these preferred shares are NOT REGISTERED shares and cannot be converted or sold as common shares without the proper registration process. There are no plans in the near or long term future to register or convert these shares. These shares will continue to be used as voting shares. Please read the 2004 10K which details the stock structure of the company.
We see two options for funding available to us at the present time. We stand firm that the company has no interest whatsoever in any Toxic or PIPE funding. We have received a number of offers by different companies with such deals and have turned all of them down. The first option for funding would be through investments, though the only type of investment we would entertain would be direct equity investment in the company on the preferred shares. The other option is to continue to push forward on our plans and generate the required short term funds through the sale of our product.
As far as marketing and distribution, the company is looking at a number of options to maximize the effectiveness of our marketing and distribution strategy. One of these options that we are considering is partnering up with a software distribution/sales company. The deal would be structured where the distribution company bears all the initial cost of marketing and distribution. In return, they will receive a higher commission.
The majority of the company liability is owed to the IRS, and our 2004 audited financials show about $760k in liabilities. Clearing up these liabilities has been a top priority for the company. Any funds generated through revenues or any other source will go to cure liabilities.
We wish to thank all the shareholders for your patience and understanding during this long process of restructuring and financial difficulties. Despite all the challenges, the company has come a long way in the last two years, and continues to grow. The current challenges facing the company will be met and dealt with in the same manner.
We encourage all of our shareholders and potential investors to read our SEC filings for all the details about the company and its financial status as well as consult with their financial advisors before making any decisions on their investment in the company.
We conclude with our promise to you that no mater how difficult the challenges are, we will continue to work hard to overcome them and put Telynx back on track.
-k
Salient points highlighted:
Telynx, Inc. Letter to Shareholders
From: President and CEO, Talieh Safadi Date: September 25, 2006
Dear Valued Shareholders:
It is my pleasure to report to you on the recent developments and status of the company over the last year.
In our last report, dated March 8th, 2005, we updated you on the company’s major restructuring plans. In this letter we will update you on the progress we have made over the last year. Additionally, we will address some of the common concerns of our shareholders over the last few months.
One of our most important accomplishments this year has been the public SEC filings, bringing the Company current as of 2004. Over the last two years, the management team has worked very closely with our accountant and the public auditing firm to accomplish this.
You might have noticed that recently we started the process of filing all required Ks and Qs. So far we have filed 6 Qs for the years 2003 and 2004 as well as 3 Ks for the years 2002, 2003, and 2004. This will bring the company current with its filings through the end of 2004. However, we still have to file all the Qs for the year 2005 and 2006, and the K for 2005, to be completely up to date with our filings.
The auditors are in the process of completing all the required audits for these outstanding years and we expect to file them before the end of the year, 2006, granted there are no unforeseen circumstances.
Once the company is current with the filings it is our intention to move the company to the OTCBB.
There are two important issues, concerning the SEC filings that we wish to bring to your attention. First, due to the company’s state of dormancy in late 2002 and 2003, records were not properly kept which therefore made it impossible for the auditors to render the official “Letter of Opinion” for those two years. However, the auditors were able to prepare current financials from previous audited financials of 2001 and the published Qs for 2002. Second, we attached a letter of opinion from our attorney that is part of the 2002 and 2003 10Ks addressing the issue.
For the 2004 filings, the auditors have been able to perform the required audits and they rendered their opinion on page 28 of our 2004 10k report. Please read the 2004 audited filing for additional information.
Another important event to report on is the Labor Department Investigation. As you may know, back in late 2003 and early 2004 the Labor Department started an investigation of the company regarding its 401k plan. The company had almost $800,000.00 in the plan for 43 Participants. Soon after the investigation began and the new management took over, the board elected to close its 401k plan and distribute the money to its beneficiaries. Starting in June of 2004, we worked very closely with the Labor Department to ensure that every participant received the money owed to them by the plan. By the end of 2005 all the money was distributed back to the participants.
In September of 2005, we were pleased to receive a letter from the Labor Department stating that they were concluding their investigation.
While we were focusing on the corporate restructuring and clean-up, we continued to develop and enhance our product so we can increase our share of the market.
Through all the difficulties the company faced in the past, the one thing that saved it was its flagship product. The company has developed one of the most flexible and user friendly products on the market. Because of the success and popularity of the product, it is now being used by telecommunication companies around the world.
It is our intention to continue to provide services to these clients as well as expand our share of the market.
Recently we announced the unveiling of our latest product, Telynx III. Telynx III still has the same flexibility and user friendly functions of the older product with the latest updates to support the new standards in the industry. The new product is scalable, adaptable and most importantly it is cost effective. Please visit our website to view our PowerPoint presentation on the product and the Telynx III Functional Overview.
Over the last few weeks, we have received a number of encouraging emails and phone calls from many of you. Some of these emails and calls had common questions and concerns. We would like to address these questions and concerns.
1- The Preferred Shares
2- Funding
3- Product
4- Marketing Plans
5- Current Liabilities
The preferred shares were created few years back to protect against potential hostile take over and to protect the company from the delusion that took place after the PIPE deal. It is important to keep in mind that these preferred shares are NOT REGISTERED shares and cannot be converted or sold as common shares without the proper registration process. There are no plans in the near or long term future to register or convert these shares. These shares will continue to be used as voting shares. Please read the 2004 10K which details the stock structure of the company.
We see two options for funding available to us at the present time. We stand firm that the company has no interest whatsoever in any Toxic or PIPE funding. We have received a number of offers by different companies with such deals and have turned all of them down. The first option for funding would be through investments, though the only type of investment we would entertain would be direct equity investment in the company on the preferred shares. The other option is to continue to push forward on our plans and generate the required short term funds through the sale of our product.
As far as marketing and distribution, the company is looking at a number of options to maximize the effectiveness of our marketing and distribution strategy. One of these options that we are considering is partnering up with a software distribution/sales company. The deal would be structured where the distribution company bears all the initial cost of marketing and distribution. In return, they will receive a higher commission.
The majority of the company liability is owed to the IRS, and our 2004 audited financials show about $760k in liabilities. Clearing up these liabilities has been a top priority for the company. Any funds generated through revenues or any other source will go to cure liabilities.
We wish to thank all the shareholders for your patience and understanding during this long process of restructuring and financial difficulties. Despite all the challenges, the company has come a long way in the last two years, and continues to grow. The current challenges facing the company will be met and dealt with in the same manner.
We encourage all of our shareholders and potential investors to read our SEC filings for all the details about the company and its financial status as well as consult with their financial advisors before making any decisions on their investment in the company.
We conclude with our promise to you that no mater how difficult the challenges are, we will continue to work hard to overcome them and put Telynx back on track.
-k
TLYN...Link to the letter:
http://www.telynx.net/Letter%20to%20Shareholders%202nd%20page1%20(2).pdf
Shareholder friendly company in the making. Gotta love it.
-k
TLYN...Link to the letter:
http://www.telynx.net/Letter%20to%20Shareholders%202nd%20page1%20(2).pdf
Shareholder friendly company in the making. Gotta love it.
-k
Very well written letter, some of the other companies on the Pinks could learn a thing or two from that letter.
-k
I completely disagree, its more important to stick to your word and your loyal shareholder base than sticking it to the SHORTS. I doubt that was the reason, they are dealing with issues that are largely out of their control and they will post the financials when it is good and done. Lets just hope they keep up with the tradition of keeping us appraised if there is a delay. The steak is on the grill, just taking a bit longer than expected to cook :).
-k
Now that is what I call insight.
-k
...and it continues of that .0031 low. Maybe the last day for cheapies.
-k
IPMG...nice.
That sounds like a nice way of saying we're all going to be freakin rich some day ;). Just kidding, whats bad for the dollar is definitely good for Ag and Au so we'll take it. Thanks RRM.
-k
rrm...care to clue in the slow among us? :)
-k
TLYN...picked up a bunch more today.
-k
Scum bags took it down after my buys. In for more today.
-k
I can't argue with that. You have the right perspective for investing in pinky land ;).
-k
Profit...I think in this case it couldn't hurt ;). Let me put it this way if the company is sharing information with certain individuals, they should keep quiet about it if they aren't interested in sharing (mums the word). Don't throw teasers out there that this is a rocket in the making in x number of weeks etc. Who does that really benefit?
-k
I'm long this stock and have averaged down as prices continue to fall. Lets keep the extreme pumps and bashes off the board. If you're gonna pump, back it up and likewise to the bashers. Otherwise, we'll take it for what its worth....a bunch of bullchit.
I think there are those on this board that are privy to information which would benefit all on this board, yet they refuse to share and continue to help the wrong side of the trade. It really is too bad.
-k
Gap filled.
Is this the shakeout prior to the fireworks or was it a dud all along...we shall soon see.
-k
Whatchyou gonna do? I just added more at .004. Come on TS reveal yourself.
-k
Hopefully it doesn't kill some investors in its path :).
-k
Fringe and Penny_ta on the same page...good things ;).
-k
Thanks SSP. Adding them to the DD list.
-k
SSP...do you have a list of plays that you currently recommend? I would like to start DD'ing em. Thanks.
-kojira
Awesome, I'm glad I'm technically clueless.
-k
We closed at .145 yesterday and opened at .15. That one or am I missing something here?
-k
That's more like it. Nice buy, u have to pay to play. It would be nice if they tighten that spread a bit...that should drive the buying pressure up.
-k
Started out with some nice initial volume, lets see if that picks up again after lunch. October fast approaching. Got Ag?
-k
That gap at .145 needs to be filled from this AM. Hopefully that happens soon so we can breakout cleanly.
-k
Not many shares left out there to accumulate ;). With good NEWS, TLNY should provide a hefty sized pop.
-k
Slow and steady.
Didn't mean to jump down your throat, but that's a drastic departure from post # 74082, no?
-k
Did you dump yesterday? You seem to be looking for a better entry point? GLTY.
-k
1) SLJB is in it's 9th month of pregnancy and about to deliver a bouncy little baby. The question is will you see it grow to maturity?
2) The whiners need to stop with the daily, "Can you check with Chad and the company nonsense". Investors who need to have daily affirmations need to learn some patience. The company has delivered on 99% of their promises to date and as rrufff says audited financials are not in the hands of the company. Marquee needs to stop placating to these types of folks.
3) PWC numbers being validated and put in a pretty package with a bow on top by KPMG. Get the heck out of dodge...if this isn't a short killer (nothing is).
4) IMO the way this stock trades shows strength and a solid investor base developing. Holding up in the face of delays and EXTREMELY shareholder friendly, what more could you ask for in an investment?
-k
Rig any thoughts on IPMG? It's a low float silver/gold play (float of ~50M). Looks like its primed for a run. Supposedly news on their JV with Excelsior Mining is expected in October. Management is very careful about cost control and not coming off as a pump job. Limited, but substantive PRs. Picked this one up from rrufff many moons ago.
-k
HMMM do we get news today? Should be a very interesting day with the golden cross and news imminent. You gotta love the way the TA and FA for this stock are coming together, all we need now is for TS to uncork IT.
-k