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Gary, Thank you for discussing the Quantum Debt with me last night.
Would you mind checking with Bart to verify the use of the term "resolved?" If the debt was paid in full and money was not barrowed for operations, then the PR is a severe understatement. IMHO, it seems CBQI would not want any misconstrusions on the interpretation.
Thank You,
Bix
IF so, please restore them...
Gary, Did you delte my posts again?
Bix
Gary, Thank you for the phone call. You got me currious about the court pleadings I've read and revisted as asked. To answer your question, at least two actions are in the works.
The first action was filed by Socratese Solutions Corporation, a wholey owned subsidiary of Socrates Technologies Corporation. Mysteriously,the vast majority of Socrates assets appear on the bankruptcy filings. Case# 01-11558-RGM. To view the docket of this case, click link below.
http://www.vaeb.uscourts.gov/home/SearchNM.html
The second action was filed by Networkland, a wholey owned subsidiary of Socrates Technologies. The petition was allegedly filed on or around June 8, 2001. The case number is not available on the net. You can call the federal building during busines hours tomarrow or one of the phonebots if you want it tonight.
Clerks' Office:
703-258-1200
Voice Case Information System (VCIS):
800-326-5879
Electronic Public Access (EPA)):
1-800-890-2858
IMHO, I Do not think Technet will be affected.
RE: My Last POST
Supposing I am wrong as you and many others think. Assume the $7.5 M never hits the "OPEN MARKET" as you alluded to.
Until this community is certain of that, buyers will continue to remain apprehensive to avoid buying high.
Bix
Gary,
Someone bougt Whizz's alright. Its called a "Market Maker." With this volume, he'll be lucky to sell before the dilution hits us. Poor fella.
Bix
Will Bart take action to prevent it?
Fine. Lets focus on the 7.5 million shares CBQI stock that has the capacity to "DILUTE" the value of our investments.
Just currious about the volume. Thought the 7.5 M may be affecting some buying judgment.
______________
JB,
I'll take the skateboard in the shorterm if I can get a Porsche for the price of an Escort in the long term. : )
CORRECTION
Last line in second paragraph:
He can always withdrawl claim later.
Gary,
Do think the bankruptcy has anything to do with volume? I cant speak for anyone else, but I'm switching my investment strategy to buy low and sell high (LOL). Thinking about 7.5 Million shares hitting zero volume has me waiting to see "if/when" the price gets cheaper.
By the way, I have copies of the initial pleadings from the federal court house. Nothing happening yet. Looks like notice to creditors is being prepared. Once the notice is mailed and published, their is a time limit to file claims(dont remember what it was). After time limit expires, their is a meeting of creditors. If CBQI wishes to accuse SOCT of a breach of contract, it will not hurt file a claim and attend the hearing. Bart may want to have a claim prepared regardless of what he intends to do (Just in Case). Their is no harm in covering your back. He can a
Any money or stock in the Escrow account that CBQI feels it is entitled to receive back should be noticed to the court.
Bix
Gary,
Can you find out if Bart is willing to make statement on revenues prior to the Q?
The company has approached the profitablility line(last Q) and it would be nice to know if we should expect some regression with the acquisition expenses and all. Would not be unusual. Advance notification would eliminate the negatives prior to the Q so we can focus on potential positives once Q is filed.'
Thanks,
Bix
I thought all IRs worked for money. Gary does the same.
Volume = 5,000 over three trading days.
GARY,
Will Bart make any announcement on the earnings CBQI may expect in second quarter?
Bix
Gary,
Any chance Bart will provide any disclosure about weather the company is "on target" with its ARRR?
BIx
Sid,
If you don't believe I'm a shareholder, I'll be happy to show you my Morgan STanly statements.
You attack me for being negative? I find it ironic that I have given two possible scenarios which will unfold as a result of SOCT filing bankruptcy and this comunity attacks the negative yet completely ignores the potential positive.
It is possible that SOCT creditors will take substantial positions in CBQI to protect their interests. Furthermore, this bankruptcy will bring at least 100 sets of eyes to this stock. Their is a positive side too.
You can ignore the future buying opportunity that will follow if you wish. I'm getting the pleadings and motions from the federal court house to get inside info on the developments. Good Luck.
Bix.
I think you have a pretty good chance of pulling your head into the daylight long enough to realize that the buying opportunities get better after the selling begins(NOT BEFORE).
I think assumption of "best case scenario" is reason this stock is so low. Smart money stays away from fabrications.
Speculation is assuming best case scenario.
Daaaaaaaaaaa.
Did you consider that the operations purchased by CBQI's consist of less than 50% of SOCT's 2000 operations? Going from 25 to 11 programers is enough evidance to suggest that operations within CBQI's posession do not come close to 100@ of SOCT's 2000 Operations.
I've been paying attention long enouth to realize that CBQI's ARR in the press release containtes revenues that another company was responsible for creating. CBQI's ARRR is the revenue it generated last year. CBQI did not buy 100% of SOCT so any inclusion of SOCT revs must be in scale with the percentage of business that CBQI now posesses. But we dont do that here. We just grab the biggest fattest number and throw it at the shareholders as fact.
Counting SOCT's Revs as a devision?
CONTINUED
This bankruptcey news came out and you went out of your way to seperate CBQI from SOCT. Your not verry consistant with your methodology. If they are seperate then they are seperate. If they are not, then stop cherry picking the good w/o the bad. SOCT's Bankruptcey is relevant because all of SOCT's assets (CBQI's 7.5 million shares) will be liquidated to pay off creditors.
If anyone wants to buy cheap shares,looks like they will get their chance.
Bix.
Gary,
I understand what ARRR is. CBQI counted 100% of SOCTs 2000 Revs to calculate its own 2001 ARRR. Since CBQI does not own SOCT, it is inappropriate to rely on its revenues to doctor up the ARRR for 2001.
SOCT is a seperate company and its ARRR for 2001 is a "fixed" variable. I do not understand why you are pulling its numbers over to CBQI's. ARRR for CBQI is based on its own revenues generated in 2000, not SOCT's.
This bank
JB
RE: "'bout time for another round of acquisitions, n'est pas?"
Hmmmm.
Lets see.
JB
RE: "'bout time for another round of acquisitions, n'est pas?"
Hmmmm.
Lets see.
Technically, SOCT may liquidate its remaining assets after selling some to CBQI. CBQI never said it bought "ALL" the assets. I think it used the words "Virtually ALL." The remaining shell is filing chapter 11. This news lends credance to the argument that CBQI's newly acquired interests in Technet and Networkland will NOT generate revenues equivalant SOCT's in 2000. Both Subsidiaries were on their way down.
I do not think CBQI will be entitled to receive the 7.5 M shares.
Bix
Hope your feeling better Frank
That 8k got you curious?
Its pretty obvious that CBQI jumped the gun by including 100% of SOCT revs in its own ARRR. I'm no longer surprised by these discoveries.
You talk to any other MDs?
Gary,
If Technet is being sold by SOCT, then why did CBQI claim 100% of Technet's 2000 revenue on its 2001 ANRR? Someone is counting chickens before the egg is laid.
Bix
=============================================================
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 23, 2001
--------------------------------------------------------------
Socrates Technologies Corporation
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1. Changes in Control of Registrant.
None.
Item 2. Acquisition or Disposition of Assets.
None.
Item 3. Bankruptcy or Receivership.
Registrant's wholly owned subsidiary, Socrates Solutions Corporation, filed a petition under Chapter 11 of the U.S. Bankruptcy Code on April 9, 2001 in the U.S. Bankruptcy Court in Alexandria, Virginia. On June 5, 2001 Socrates Solutions Corporation endorsed the Consent Order of Conversion to Chapter 7.
If Registrant does not find a new business within the next 30 days, Registrant may reorganize or liquidate its business under the U.S. Bankruptcy Code. Registrant is presently pursuing two M&A leads but no assurances can be given
that either one will result in a merger or acquisition.
Registrant's wholly owned subsidiary, Networkland, Inc. will file a petition under Chapter 7 of the U.S. Bankruptcy Code on June 8, 2001, or thereabout, in the U.S. Bankruptcy Court in Alexandria, VA..
Item 4. Changes in Registrant's Certifying Accountant.
Registrant has not been able to engage a new independent auditor and, consequently, has been unable to file its Form 10K for the fiscal year ended December 31, 2000.
2
<PAGE>
Item 5. Other Events.
Registrant's Board of Directors decided on June 6, 2001, to put up for sale its wholly owned subsidiary, Technet Computer Services, Inc. The subsidiary has presently 11 employees left which are all subcontracted to CBQ, Inc. under a certain Service Agreement, dated March 27, 2001. Technet Computer Services, Inc. has no resources to sustain or grow its business.
Item 6. Resignation of Directors.
None.
Item 7. Financial Statements, Pro Forma Financial Information
Registrant did not file its Form 10-K in a timely fashion and, therefore, was delisted from the Over the Counter Bulletin Board on May 23, 2001.
Item 8. Change in Fiscal Year.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 8, 2001 /s/ Andreas A. Keller
------------------------------------------
Andreas A. Keller, Chief Executive Officer
3
OT Yes I understand its difficult to trace the cause.
Prostatitis is ALMOST ALWAYS caused by microbes whether they are detected or not by standard laboratory procedures.
Evidence of Chlamydia, Mycoplasma, Human Papilloma Virus and herpes simplex virus is very hard to obtain in cultures or fresh samples of prostatic secretions. While their DNA finding with PCR technique is more accurate, as Anti-Chlamydia, anti-Mycoplasma, anti-HPV or anti-HSV antibodies are often found in blood samples. Looking for the antibodies in the blood is a way to determine the bacteria type.
In the course of prostatitis the content of prostatic secretions undergoes major modifications. It becomes alkaline and concentrations of zinc, a powerful anti-bacterial agent, are reduced.
Dont be afraid of those needles. The drugs you'll get will have you asking for second and third treatments. You get to be a Smurf. La laa - laa la la laaa - la la la laaa
Frank, You find the information you were looking for? Hope the swelling went down. Sounds like a real pain.
Good Luck.
Binder, <Cough,Cough>,
I'm holding CBQI. No MIDL.
Frank,
That Prostatitis is a wicked codition to treat.
During infection, the prostate tries to circumscribe the infected area by surrounding it with a polysaccharide shield which cannot be penetrated by antibiotics that are administered systemically.
Bacteria exist inside the infected, obstructed calculi and acini which cannot be reached by antibiotics and which become the source of recurrent infection.
Hence: Better to take a cocktail of antibiotics with an acid pH, powerful anti-bacterial agents - because bacteria cause most prostatitis - and a strong anti-inflammatory agent like cortisone which reduces oedema in the canaliculi and acini while inhibiting any auto-immune process which may have been triggered.
In English: This liltle problem is seldom cured the first treatment because of your body's natural tendancey to fight the bacteria, creating a "protective" shield around the infection. If your doctor hasn't talked about anesthesia as part of the treatment, you may want to find another. Some people prefer to live with it because needles up in the ass are pretty damm terrifing to the average man. A good dose of Valume from an IV will get you relaxed for the procedure. A local anesthetic will prevent spasm. And the rest is a twilite sleep that has you asking: "When do we begin" afer its over.
Good Luck
Sory Binder. MIDL? Look at it from my side.
I've been feeling a bit incapacitated lately. Woke up in the wrong house last Friday and things are just now starting to look confusing again. Didn't have much time earlier because the GIN took affect before I opend your message after it closed. Booze is not normally an issue, but my captors have me tied up, and im not proficcient at typine with my nose.
Things seem to be getting better. Been fading out but back into conciousness for the last 2 or 3 days. Would love to respond to your question but the answer has fallen away. Cant remeber if I own shares of MIDL, CBQI, or both. MIDL looks familar. My mind delays. Needed help so I called the TV station and spoke to the weather woman. She said its not going to snow in Florida this week.
Cornbread smells good. Specially if you dip in your Ice Tea. CBQI gonna be at $8 by February 16th.
Let it alone I own but owe no loan. Although my eyes' mind peceievs me, I loath this reality.
Bixmann is passed out. Call the police.
2 former officers who own the majority of the stock.
Gary,
Thank You for setting these rumors to rest.
Bix