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jusrisper are you speaking on their behalf? " But there is no way they ever wanted a controlling stake - they just wanted to flip shares as hard & as fast as they could."
HOW WOULD YOU KNOW THIS TO BE THE CASE? you have no idea what their intent is or was!! you are assuming with no facts!!
TLYN......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.
jurisper..are you saying that the entities named in the toxic deal were not connected? you are focussing on 1 entity and the 10% issue!! there was more than 1 entity named in the toxic deal..ADD UP THE AMOUNT OF FUNDS?? are you sayng the amount of funds named do not exceed 50.1%(THUS A CONTROLLING STAKE)?? are you saying the funds named did not have the same interest? how many of these funds cared about telynx the product its employees and its shareholders?? CAN YOU EXPLAIN WHY THE DEAL WAS TERMINATED? did the termination of the deal not save the company and its shareholders??
koij have him go back and research how many companies were killed in the toxic process by the same funders!! how many of those companies exist today?? the funders had no interest in seeing these companies succeed!! as for telynx shareholders prior management terminated their toxic deal and issued themselves the series c preffered to protect the company!! the toxic funders would have obtained the majority of the company and that did not happen here!!
jurisper..are you saying that the toxic funders would not have taken control of the company had the coompany not terminated the deal? wouldn't the toxic funder control the majoirity stake had the series c shares not been created to protect the company from the toxic lenders? how many compnaies were killed by the toxic funders since 2000? how many companies that were funded by these same toxic funders still exist today? ive done my research...ITS VERY FEW!! as a shareholder i see some hope, you still havent addressed my direct post to you about your position if any at all in telynx..you have ignorred addressing my post!! no matter what the company says or does you call it a joke!! bottomline telynx survived the KILL portion of the toxic process you have the axe to grind for no apparent reason!!
fringe did you ever read this article??
Louisiana State Attorney General Charles Foti is trying to force UBS, the Wall Street investment bank, to turn over vast quantities of information on its trading, stock lending and other activities related to shares of software firm Sedona.
The Louisiana Department of Justice filed documents in a state court Tuesday to compel UBS to hand over the information in ten days.
The state is probing naked short-selling, which is the practice of selling shares short without borrowing them. It is an issue that has already been raised in reference to Sedona Sedona (otcbb: SDNA - news - people ). in an ongoing civil lawsuit against a number of brokers and hedge funds and in a Securities and Exchange Commission federal court case filed in April in New York against one brokerage and several individuals.
Several other states, including Illinois and Connecticut, are said to be looking into the issue. Possible abuses in stock trading and in the stock-lending business, which brings in $10 billion in annual profit for Wall Street firms, has started to attract the attention of federal regulators as well.
Foti's exhaustive list of demands for documents include all of UBS' electronic and paper communications files relating to Sedona stock, its trading records, monthly stock inventories, stock loan documentation, information regarding commission payments, customer account records and research done in house related to Sedona.
He also wants information related to the bank's market-making activities and its clearing and settlement procedures.
Louisiana is home to approximately 100 shareholders in Sedona, a Pennsylvania software company whose stock has been pummeled in the last six years, it contends because of manipulative short-selling by hedge funds and collusive brokers. Shares started out January 2000 at $10.25 and are now trading on the pink sheets at 20 cents.
Among these Louisiana-based shareholders is David Vey, a wealthy real estate developer who provided rescue financing to Sedona in 2003, joined its board and now owns about 44% of its outstanding shares.
Wes Christian, a Houston lawyer representing Sedona in a four-year-old civil suit against brokerage firms and hedge funds, says, "We are gaining momentum, finally."
It would be Louisiana's second demand for information from UBS. In September 2003, the state issued a subpoena seeking information on failed deliveries of Sedona shares in trades handled by UBS.
A spokesman for UBS had no immediate comment.
Lawyers who have defended Wall Street firms against naked short-selling allegations say the problem is overblown and that companies that complain about manipulation are generally weak and looking to blame financial problems on outsiders.
Still, that hasn't stopped many states and even Canada from investigating the allegations. Utah's state legislature went so far as to pass a law that would impose stiff penalties on brokers that didn't promptly report trade settlement failures to the state's securities division. After an intense behind-the-scenes Wall Street industry lobbying effort this summer, however, the governor relented and agreed not to enforce the law until next June.
"It seems like every jurisdiction wants to get in on naked short-selling," says Perrie Weiner, an attorney who has represented Wall Street against the naked short-selling crusaders.
In April, the Securities and Exchange Commission filed a civil lawsuit against broker Pond Securities and several individuals. The SEC suit, filed in New York federal court, says the brokers aided or failed to prevent a short-selling scheme carried out for Rhino Advisors, a now-defunct New York money management firm. Rhino is accused of setting up the scheme with one of its hedge fund clients, Amro International, to profit from a 2001 private placement in Sedona.
It is one of the so-called private investment in public equity, or PIPE, transactions regulators have been examining for illegal trading activity.
Three years ago, the then-president of Rhino Advisors, Thomas Badian, settled SEC charges of using offshore accounts to short shares of Sedona. He and the firm paid $1 million.
The SEC contends in its most recent case that Thomas Badian's brother, Andreas Badian, an official at Rhino, directed three brokers who were affiliated with Refco Securities, (two of them were also affiliated with another brokerage that was named in the case) to sell short massive amounts of Sedona shares with "unbridled levels of aggression," intending to "clobber" Sedona's stock price until it collapsed.
During March 2001, Badian's scheme to organize short-selling in Sedona represented 40% of the stock's trading volume for the month, the SEC contends, and the stock dropped from $1.43 to 75 cents. The shares were being sold short for Amro without borrowing them.
Sedona was founded in 1987 as a maker of image scanners. But nine years later it acquired database management software from Lockheed Martin (nyse: LMT - news - people ) and started selling the technology under license to small banks, to help them manage their customer accounts.
Rhino Investors, representing Amro and others, pumped $2.5 million into Sedona in November 2000 by way of a convertible debt offering, which is a bond that converts to shares at a designated point. Before the Internet bubble burst, such deals were a common way for small tech companies to raise capital without issuing a lot of potentially dilutive shares. They have since been criticized as desperate maneuvers by desperate companies--what is known as a "death spiral convertible."
The Amro agreement was arranged so that it would get more shares of Sedona on the conversion date if Sedona shares dropped in the period leading up to it. Sedona made the investors agree not to sell short the shares.
The company began to notice a pattern of heavy selling volume in its shares coinciding with positive news of new software sales, including two alliances with IBM (nyse: IBM - news - people ) announced in late 2000 and early 2001.
Its shares continued to fall and the company faced a cash crisis in late 2002 that prevented it from making payroll for nine weeks.
Its employees remained loyal, however, and CEO Marco Emrich reached out to investors for help. A Louisiana businessman named David Vey stepped in with an initial $1.4 million in convertible debt financing. He pumped more money into the company in 2003 and 2004, also in the form of convertible debt.
Vey now owns 43.7% of Sedona shares and is its biggest shareholder, according to the company's proxy. He is chairman of the board, along with his sister, Victoria Looney, a Louisiana businesswoman who owns less than 1% of the company's shares.
A spokeswoman for Sedona was not available
stock does his selling the business allow him to sell his shares? did chip chad ever confirm whether or not he is still holding his shares?
a press release with the effect of AUDITS would benefit shareholders much more and have a much more powerful impact by releasing the numbers MONDAY morning!! imo the company may have held back for this reason!! monday morning we shall see!! imo
how do the mms go from 005/006 to 004/0055?? appears the mms are not supporting the bid only 1 mm at .004 ubss .0035 nite vfin hdsn .003..amazing they go from supporting the stock at .007 and higher to drop the floor on hardly any volume, is this what they describe as making a market?
fringe..why are the mms not supporting the bid?
ssgi .004 ubss .0035 nite vfin hdsn .003
looks like they can spread the ask..than paint the tape with a samll print trade to knock the stock down 30% on a 100 share b.s. trade
this is what i find interesting..TLYN - TELYNX INC CL A NEW
ubss had the highest trading volume for july/august and found it interesting when they went from supporting the bid at .007 to dropping off to .0035 a few days ago to now see the stock trade down..the rsi had been above the 70 line for a week, maybe this pullback is what is needed to shake out those before the next move up!!
Page of 1
August 2006 July 2006 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
--------------------------------------------------------------------------------
Total Share Volume 1,216,978
--------------------------------------------------------------------------------
UBSS
UBS Securities LLC (UBSS) 1,145,997 1 94 35,458 2 37 1,672,575 1 68
NITE
KNIGHT EQUITY MARKETS, L.P. 54,884 2 4 1,650 4 1 246,946 3 10
DOMS
DOMESTIC SECURITIES, INC. 14,700 3 1 116 5 <1 33,111 5 1
ETRD
E*TRADE CAPITAL MARKETS LLC 1,397 4 <1 47,625 1 50 415,877 2 16
--------------------------------------------------------------------------------
Page of 1
fringe is it common or have you noticed that the mms are showing buys as sells on the bid?
find it interesting that ubss had the highest volume in telynx trading last month and they were in the lead today hammering the ask all the way down to .004, whats also interesting is that they moved down to .0035 a few days ago when sbsh moved their bid to .0031!! interesting that a new market maker ssgi that just recently became active last month is now asking .005 along with etrade!! other interesting stats re: todays trading
vwap was .0045
# of trades 41
avg trade 86,222
technical indicators TLYN - TELYNX INC CL A NEW (OTC)
Date Open High Low Last Change Volume % Change
09/20/06 0.0070 0.0080 0.0070 0.0070 +0.0005 1412558 +7.69%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 1645528
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 667501
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 414891
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.0070 0.0063 0.0073 0.0083
dream what is sbsh(citigroup) asking now?
no sellers mms need to raise their bids
ubss will come in and undercut the ask, anyone notice their pattern?
sbsh citigoup pre-market move on l2 .0036 bid .009 ask
stock..lets hope those hedgies shorting sljb get hit harder!!
jmho
ot:hedge fund trader loses $5 BILLION in nat gas trade>>>>>
Hedge fund loss could foreshadow regulatory change
September 20, 2006
Talk about the $5 billion man.
That's billion, with a B.
The Wall Street Journal had the fascinating backstory yesterday of one Brian Hunter, a 32-year-old natural gas trader from Calgary, Alberta. He works for a Connecticut hedge fund, Amaranth Advisors.
And late last week and into the weekend — this would be in the space of a few days — obscure natural gas trades he had engineered led to $5 billion in losses. Considering that he'd been up by $2 billion for the year, the net ground lost is on the order of $3 billion. Hunter bet bullish on winter gas, but instead, the Nymex futures contract settled yesterday just above $5 per million BTUs, near a two-year low.
My father used to trade in cattle futures. They are a terribly difficult product in which to make money, though he did so. Credit a lifetime of watching the market, feeding cattle and reading a small Colorado trade publication, Cattle-Fax.
In 1998, in the last few months of his life, one of the things we needed to make sure of was that he had no standing orders anywhere, no trades that needed to be unwound.
We came to realize later that cattle futures were, at least partly, his hobby. Plus, he had a cast-iron stomach, an ability to tolerate risk that, in retrospect, bordered on scary.
In reality, I think it was just the fortitude he used to see all things through — if a trade made sense, it made sense. If the cattle-on-feed number was going up, that meant something. If people were eating more chicken — a trend that caused him no end of discontent — that meant something.
He found himself upside down in a big way only once, after the 1987 stock market crash. He didn't unwind the trade immediately, though we'd spoken about what the next few days were likely to bring. Eventually, it went against him; the margin calls were too much, and he got out of it. If he had been able to see it through to when the trade turned again, it would have been a huge payday.
My father traded with his own money. Hunter and Amaranth had the convenience of using hedge fund money to make their astounding — and incorrect — bets on natural gas.
Upshot: Watch for a renewed effort to better regulate hedge funds, long left alone as playthings for the wealthy. As the impacts of these losses ripple through the system, and they will, that will change.
Douglas Cunningham is business editor; his column on business issues, trends and people appears on Wednesday and Friday. Reach him at dcunningham@th-record.com, or 845-346-3202.
mgt..i noticed nearly all trades seemed to be buys yet the mms found a way to take this down to .004 on 5k trades to fill a trade of 140,500 than they seemed to bring it back up to .007 to close it at .0065 with ubss on the bid at .0065
with vert and ubss on the ask at .007..your thoughts on this?
they took it down on very little volume, but hold it back on large buy orders!!
what price was your fill at?
fringe...
in your opinion how valuable are the loss carryforwards of $35 million considering the improvement of the liabilities in the recent filings?
1mill
as i told skin check out the chart for tlyn the 50/200 day ma just about to cross
skin...
check out the chart for tlyn the 50/200 are just about to cross
this is the bottom..level 2 bids stacking at .115
level 2 indicates this is the bottom stock turnng up from here
its time this becomes the house of PAIN FOR NITE
tc..can you explain how the mm on the bid has a blank ASK on level 2? why does this occur? 5 mms at .155 bid 4 mms on the ask at .155 also, your input on why certain mms have 100 zises and others are at 1!! thanks
f.ing hillarious how nite sits at .115 bid
nite/doms .155 sbsh .16 ask tasl able sbsh .15 bid
tasl on the bid 15 with sbsh and able
nite/doms pushing the ask down to .155 sbsh/able .15 bid
fringe can you explain...
with the stock trading at .009 yesterday there were at least 6 mms at .009, however several of them have not become active since sept 14th..what does this indicate..how does a stock trade at a given price yet the mms are not becomng active to reflect the market price???
pre-market sbsh doms nite at .16 ask sbsh at .15 bid nite .13
all...did you sell any at the top or are you in hold mode?
TELYNX VOLUME FROM 1/1/06--9/18/06 DATE,OPEN,HIGH,LOW,CLOSING,VOLUME
09/18/2006,0.008,0.009,0.0075,0.008,4602670
09/15/2006,0.0035,0.0085,0.0035,0.008,6918660
09/14/2006,0.0048,0.007,0.004,0.006,7362949
09/13/2006,0.003,0.0045,0.003,0.0045,2338250
09/12/2006,0.0018,0.0048,0.0018,0.0025,4225316
09/11/2006,0.0018,0.0018,0.0018,0.0018,200
09/08/2006,0.0017,0.0018,0.0017,0.0018,82000
09/07/2006,0.0012,0.0015,0.0008,0.0015,1373250
09/06/2006,0.0012,0.0015,0.0012,0.0015,40000
09/01/2006,0.0012,0.0012,0.0012,0.0012,100001
08/31/2006,0.0012,0.0015,0.0012,0.0015,186700
08/30/2006,0.0012,0.0012,0.0012,0.0012,201000
08/28/2006,0.0015,0.0015,0.0015,0.0015,10000
08/23/2006,0.0012,0.0012,0.0012,0.0012,6800
08/18/2006,0.0014,0.0014,0.0014,0.0014,50000
08/15/2006,0.0012,0.0012,0.0012,0.0012,397
08/14/2006,0.0012,0.0014,0.0012,0.0014,1831
08/10/2006,0.0012,0.0012,0.0012,0.0012,100
08/09/2006,0.0013,0.0013,0.0013,0.0013,5000
08/08/2006,0.0013,0.0013,0.0013,0.0013,100
08/07/2006,0.0016,0.0016,0.0016,0.0016,50000
08/01/2006,0.0013,0.0013,0.0013,0.0013,10000
07/28/2006,0.0013,0.0016,0.0013,0.0016,1116
07/25/2006,0.0017,0.0017,0.0014,0.0014,26750
07/24/2006,0.0014,0.0014,0.0014,0.0014,100
07/20/2006,0.0013,0.0016,0.0013,0.0016,2700
07/13/2006,0.0013,0.0013,0.0013,0.0013,15000
07/12/2006,0.0013,0.0013,0.0013,0.0013,483
07/11/2006,0.0016,0.0016,0.0016,0.0016,500
07/07/2006,0.0013,0.0013,0.0013,0.0013,250
07/05/2006,0.0013,0.0013,0.0013,0.0013,36450
07/03/2006,0.0013,0.0016,0.0013,0.0016,10400
06/30/2006,0.0016,0.0016,0.0016,0.0016,500
06/29/2006,0.0013,0.0013,0.0013,0.0013,18455
06/28/2006,0.0016,0.0016,0.0016,0.0016,1000
06/27/2006,0.0013,0.0013,0.0013,0.0013,48000
06/26/2006,0.0013,0.0016,0.0013,0.0016,27525
06/23/2006,0.0013,0.0013,0.0013,0.0013,25500
06/20/2006,0.0013,0.0013,0.0013,0.0013,100
06/14/2006,0.0013,0.0016,0.0013,0.0016,620
06/13/2006,0.0013,0.0017,0.0013,0.0017,1000
06/09/2006,0.0013,0.0017,0.0013,0.0017,134037
06/08/2006,0.0017,0.0017,0.0017,0.0017,1000
06/07/2006,0.0013,0.0013,0.0013,0.0013,250
06/06/2006,0.0017,0.0017,0.0017,0.0017,20000
06/02/2006,0.0013,0.0017,0.0013,0.0017,50500
06/01/2006,0.0015,0.0017,0.001,0.0017,793037
05/31/2006,0.0008,0.0011,0.0008,0.0011,1900
05/25/2006,0.0008,0.0011,0.0008,0.0011,20500
05/24/2006,0.0011,0.0011,0.0008,0.0011,191000
05/22/2006,0.001,0.0011,0.001,0.0011,63000
05/19/2006,0.001,0.0016,0.001,0.0016,1125
05/18/2006,0.001,0.001,0.001,0.001,250
05/16/2006,0.0016,0.0016,0.0016,0.0016,15000
05/15/2006,0.001,0.001,0.001,0.001,1850
05/12/2006,0.0015,0.0015,0.0015,0.0015,110000
05/11/2006,0.0017,0.0017,0.001,0.0015,809000
05/09/2006,0.002,0.002,0.002,0.002,554958
05/05/2006,0.0018,0.0018,0.0018,0.0018,5000
05/04/2006,0.0017,0.0017,0.0017,0.0017,10000
05/03/2006,0.002,0.002,0.002,0.002,85000
05/02/2006,0.002,0.002,0.0017,0.0017,606100
04/28/2006,0.0016,0.002,0.0016,0.002,5100
04/27/2006,0.0016,0.002,0.0016,0.002,10100
04/26/2006,0.0016,0.002,0.0016,0.002,18975
04/25/2006,0.0016,0.002,0.0016,0.002,216250
04/21/2006,0.0019,0.0019,0.0019,0.0019,10000
04/19/2006,0.0019,0.0019,0.0019,0.0019,50000
04/12/2006,0.0015,0.002,0.0015,0.002,448000
04/11/2006,0.0015,0.0015,0.0015,0.0015,60434
04/07/2006,0.002,0.002,0.0015,0.002,300250
04/06/2006,0.0012,0.002,0.0012,0.002,290250
04/05/2006,0.002,0.002,0.0012,0.0019,370982
04/03/2006,0.0012,0.0019,0.0012,0.0012,301750
03/31/2006,0.0017,0.0017,0.0013,0.0013,300293
03/30/2006,0.0013,0.0013,0.0013,0.0013,27243
03/29/2006,0.0017,0.0017,0.0015,0.0015,2995
03/28/2006,0.0015,0.0017,0.0012,0.0012,31760
03/27/2006,0.0019,0.0019,0.0015,0.0015,10193
03/24/2006,0.0015,0.0019,0.0015,0.0019,71000
03/23/2006,0.0016,0.0019,0.0016,0.0019,1080000
03/22/2006,0.0016,0.0016,0.0016,0.0016,1250
03/21/2006,0.0016,0.0016,0.0016,0.0016,700
03/20/2006,0.0019,0.0019,0.0017,0.0017,133500
03/17/2006,0.0016,0.002,0.0016,0.002,232500
03/14/2006,0.0016,0.002,0.0016,0.002,4100
03/13/2006,0.0016,0.0018,0.0016,0.0017,170100
03/10/2006,0.0017,0.0017,0.0017,0.0017,10000
03/09/2006,0.0014,0.0018,0.0014,0.0017,318900
03/08/2006,0.0015,0.0015,0.0013,0.0014,105000
03/07/2006,0.0021,0.0021,0.0021,0.0021,33000
03/06/2006,0.002,0.002,0.002,0.002,766
03/02/2006,0.0015,0.0021,0.0015,0.0021,70552
03/01/2006,0.002,0.0021,0.002,0.0021,110000
02/28/2006,0.0022,0.0022,0.0022,0.0022,10000
02/27/2006,0.0022,0.0022,0.002,0.002,914725
02/24/2006,0.002,0.0022,0.002,0.0022,15000
02/22/2006,0.0022,0.0022,0.002,0.0022,174900
02/21/2006,0.0022,0.0022,0.0022,0.0022,10000
02/17/2006,0.0015,0.0022,0.0015,0.0022,1050
02/16/2006,0.0015,0.0022,0.0015,0.0022,10600
02/15/2006,0.0022,0.0022,0.0015,0.0022,9250
02/14/2006,0.0015,0.0016,0.0015,0.0016,300
02/13/2006,0.0015,0.0015,0.0015,0.0015,12500
02/10/2006,0.0015,0.0015,0.0015,0.0015,1750
02/09/2006,0.002,0.0022,0.0015,0.0022,96865
02/08/2006,0.002,0.002,0.002,0.002,76512
02/07/2006,0.002,0.0022,0.0017,0.002,133650
02/03/2006,0.0023,0.0023,0.0015,0.002,113685
02/02/2006,0.0015,0.0023,0.0015,0.0016,11244
02/01/2006,0.0018,0.0023,0.0018,0.0023,31150
01/31/2006,0.0022,0.0023,0.0017,0.0017,272250
01/30/2006,0.0023,0.0023,0.0015,0.0023,751500
01/27/2006,0.0023,0.0023,0.0015,0.0023,298500
01/26/2006,0.0015,0.0015,0.0015,0.0015,225
01/25/2006,0.0016,0.0023,0.0016,0.0023,26100
01/24/2006,0.0016,0.0023,0.0016,0.0023,11025
01/20/2006,0.0016,0.0023,0.0016,0.0023,2175
01/19/2006,0.0015,0.0023,0.0015,0.0023,18890
01/18/2006,0.0023,0.0023,0.0016,0.0018,701552
01/17/2006,0.0016,0.0016,0.0016,0.0016,2052385
01/13/2006,0.0023,0.0023,0.0023,0.0023,5000
01/12/2006,0.0025,0.0025,0.0015,0.002,788114
01/11/2006,0.0025,0.0025,0.0025,0.0025,34000
01/10/2006,0.002,0.0025,0.002,0.0025,276950
01/09/2006,0.002,0.0025,0.002,0.0025,11180
01/06/2006,0.002,0.0025,0.002,0.0024,673188
01/05/2006,0.002,0.0025,0.002,0.0025,5100
01/04/2006,0.0018,0.0025,0.0018,0.0025,139100
01/03/2006,0.0018,0.0025,0.0018,0.0025,5750
dream if you go back and study the volume for telynx over the past year you will notice that the someone was WACKING the bid with small trades to get the stock to the sub-penny level!! the volume that traded below a penny does not amount to a fraction of the stock has had to trade to get back to these levels..your thoughts???
fringe
imo the series c were created by previous management to counter the manipulation/manipulation that was carried out in the prior the toxic funding deal!! imagine, had the management not done this all of the shareholders would have been screwed!! telynx was a real company with a product that had 2 installs in telecom egypt and telecom malaysia and a strong alliance with hp!! the toxic funders would have taken over this company had the series not been issued...AS A SHAREHOLDER I HAVE NO PROBLEM ITH MANAGEMENT HAVING THE SERIES C PREFERREDS!! WHY THEY BOTHER SOMEONE WHO HAS NEVER ADMITTED OWING SHARES IN THIS COMPANY OR HAS NEVER MADE A EFFORT ON ASKING MANAGEMENT DIRECTLY, WHY BE ANNONYMOUS WITH ALL OF THESE CONCERNS ABOUT A COMPANY BRINGING THEIR FILINGS CURRENT, ABOUT HAVING A NEW VERSION 3 PRODUCT AND CLAIM IT DOESNT EXIST OR HAVE SO MUCH CONCERN ABOUT THE SERIES C PREFERDS?
CITIGROUP has been all over this best bid pre-market