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We'll get our wish....I'm happy with the continued rev's from servicing the already sold vehicles.
This stock is so undervalued !
Thats what he said ! :)
$3.94 AH $3.98 up
Nice to hear the conformation of $70m in cash and no debt !
I would not want to be short on FRPT after this conference call.
It's the only way these small companies can exist until they grow.
I would love to chat some more but I promised my honey a scooter ride......85 and sunny :)
And yes your probably right on all accounts....AVWI fits into a different category. IMO.
Not funny....all planned and public ! All records are for sale through the sarasota courts. It's javelins way of raising money instead of a GGI type of deal.
Exactly......It's reward time for all the JPT shareholders and we're in for the ride.
IMO we will see a R/S just before the close of the merger and it won't need any of our approvals because the major shareholder already owns the majority....748m shares
The R/S will set the share structure to allow for the exchange and a low O/S. The Revenue will afford us to maintain the PPS after the R/S. Then an uplist will be in the near future.
All IMO
Thanks, same to you.... :)
Been watching and doing some DD for 2 weeks and jumped in last week....got some cheapies.
This is a totally different play than Aero and Peacock is just the shell deliverer. AVWI has the potential for a nice return.
LOL....I'd put a Aero powered sticker on it if they had one !
Yes....the ones getting screwed are the people selling for a loss and letting the shorts cover !
It will be relevant only at the time of the share exchange....but your right that it won't matter to us.
I think it's annual report !
Yep !
Just chugg'in along......Like the little engine that could :)
Is that 50,000 shares :)
Name: JIM PALMER TRUCKING
ID #: D049742
Type: GENERAL BUSINESS
Jurisdiction State: MT
Status: ACTIVE
Status Reason: GOOD STANDING
Status Dates
Expiration Date:
Date of Incorporation: 01/11/1980
Last AR Filed: 01/17/2008
Suspension:
Inactive Date:
Diss/Widthdr/Revoke:
Additional Info
Term: PERP
Shares: 50000.00
Purpose Code: TRANSPORTATION-FREIGHT COMPANY
Agent
Registered Agent: HOWARD S SEATON
Address 2: 9730 DERBY DRIVE
City: MISSOULA
State: MT
Zip: 59801-0000
https://app.mt.gov/cgi-bin/bes/besCertificate.cgi?action=detail&bessearch=D049742&trans_id=miia08139015715242500
Morning all...... :) Sep 15, 2008
http://www.secfile.net/SEC_calendar.htm#EDGAR_Filing_Deadlines_for_Quarterly_and_Annual_Reports
The 10k is due by Sep and it will be audited....
Wow ! you nailed it Blaze......The shorts covered 2.5m shares in the last 2 weeks.
Something big is coming or else they wouldn't have covered. To bad some have to sell to them.
Short Interest (Shares Short) 5,416,500
Days To Cover (Short Interest Ratio) 4.4
Short Percent of Float 8.22 %
Short Interest - Prior 8,043,600
Short % Increase / Decrease -32.66 %
Short Squeeze Ranking™ -32
Shortsqueeze.com has it still at 8m shares short.
Still a very good sign that they are covering !
Short Interest (Shares Short) 8,043,600
Days To Cover (Short Interest Ratio) 11.5
Short Percent of Float 12.20 %
Short Interest - Prior 9,139,300
Short % Increase / Decrease -11.99 %
Short Squeeze Ranking™ -123
Your right, we don't either.......
I guess we'll find out soon enough ! :)
Yep, looking forward to the CC on thursday !
I agree also with the buying opportunity. :)
Yes, we need the filings to be current and then the orders will come in......
The product is proven in the field.....all we need is a piece of the pie.
I think If FT was not going to get the financials filed soon, they wouldn't have asked for a extension.
I believe we might see them as early as next week !
Force Protection Receives Additional Staff Determination Letter from Nasdaq relating to Quarterly Report on Form 10-Q
9:29a ET May 27, 2008 (Business Wire)
Force Protection, Inc. (NASDAQ:FRPT) today announced that on May 20, 2008 it received a notice from the staff of The Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) as a result of not filing with the Securities and Exchange Commission its Form 10-Q for the quarter ended March 31, 2008 and that Force Protection is subject to having its stock delisted from the Nasdaq Capital Market. Nasdaq previously issued a Staff Determination Letter regarding the continued listing of the Company's stock on the Nasdaq Capital Market due to the Company's failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2007. The Additional Staff Determination, dated May 20, 2008, indicates that non-compliance as a result of the Company's failure to file its form 10-Q serves as an additional basis for the delisting of the Company's stock. At the Company's request, a hearing on the Staff Determination was conducted before the Nasdaq Listing Qualifications Panel at which time the Company requested an extension to comply with the Nasdaq listing requirements. The Company is currently awaiting the decision of the Panel. There can be no assurance that the Panel will grant the Company's request.
As previously announced on March 3, 2008, Force Protection expects to restate its previously reported interim consolidated financial statements for the three and nine month periods ended September 30, 2007, as a result of errors discovered by management during its year end review of the accounting for accounts payable errors associated with inventory purchased from a sub-contractor as a result of a contract termination.
On March 3, 2008, Force Protection filed a Form 12b-25 with the SEC which explains certain material weaknesses in internal control over financial reporting identified by Force Protection for the year ended December 31, 2007. For further discussion of previously identified material weaknesses refer to Item 9A of the Company's Form 10-K/A for the year ended December 31, 2006 as filed with the SEC on October 15, 2007.
Previously, Force Protection announced that as of April 10, 2008, the Company's Audit Committee had engaged Grant Thornton LLP as the Company's new independent registered public accounting firm for the fiscal year ended December 31, 2007 and the fiscal year ending December 31, 2008 effective as of April 10, 2008.
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company's specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military's Mine Resistant Ambush Protected, or MRAP, vehicle program.
For more information on Force Protection and its vehicles, visit www.forceprotection.net.
Safe Harbor Language
This press release contains forward-looking statements, including statements regarding the Company's continued listing on The Nasdaq Capital Market; the estimated timing for the filing of restatement of the Company's financial statements set forth in the Quarterly Report on Form 10-Q for the period ended September 30, 2007; the estimated timing for the filing of the Annual Report on Form 10-K for the year-ended December 31, 2008 and the filing of the Quarterly Report on Form 10-Q for the quarter-ended March 31, 2008; the Company's expectations with regard to management's evaluation of internal control over financial reporting, including management's ability to remediate identified weaknesses; the scope and number of material weaknesses in internal control over financial reporting and their potential impact on the restatement process. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These statements are based on beliefs and assumptions by Force Protection's management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual result to differ materially from those contained in any forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, potential claims or liability that could arise as a result of the Company's restatement of its financial statements; the Company's ability to identify and remedy internal control weaknesses and deficiencies; the Company's ability to effectively manage the risks in its business; the reaction of the marketplace to the foregoing; and any further errors in our accounting that the Company may find which could cause it to restate its financial statements for additional periods; and other risk factors and cautionary statements listed in the Company's periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company's Form 10-Q for the quarter ended September 30, 2007.
SOURCE: Force Protection, Inc.
Force Protection, Inc. Tommy Pruitt Government Communications & Public Relations Director 843-574-3866 or Investor Relations Contact: ICR, Inc. James Palczynski Principal and Director 203-682-8229
I'll take this job.....lol
Director, SEC Financial Reporting
Posted 05/23/2008 - Pay: $172,800.00/yr - Req# FP09-FIN-08
I promise not to leak any ifo out ! :)
I suspect the LOC is a priority to Aero and with so much going on at the same time, I believe we will get our wish sooner than later.
lol.....Thats to funny.
Wachovia has complete access to thier books and there's no way they would extend the LOC if that was the case.
Nice, BW
It's well worth the $200.00 investment and in the long run the benefits will clear as day.
Smart ! :)
Low volume ditch effort to cover.....Don't forget we have 8m short still and when the CC is done the fun really starts.
Sweet, exactly what the Dr. ordered !
I predict a very strong and solid report from Moody !
IMO
Great advice....Lochute
Watching every day will drive you bonkers !
Everyone should spend more time volunteering ! Help someone in need !
By far....The best 10qsb yet !
Some may say it didn't meet our expectations, but It's certainly a move in the right direction.
Where's the massive dilution ?
All the complaints about 19k in the bank..now 40k ...lol
Many said we couldn't keep doing business ! hah
The next Q looks to be even better !
No more seqoia....
It's far better than bankruptcy, like some other companies !
They don't just make one type of muffler....lol
Inventory may include products that aren't in high demand yet....
How many people do you know with 5" exhaust.......what about piping for the kits that will be bent to complete them.
UNITED STATES
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 1 5, 2008 (May 12, 2008)
DRS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-08533 13-2632319
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number) (IRS Employer
Identification Number)
5 Sylvan Way, Parsippany, New Jersey 07054
(Address of principal executive offices)
(973) 898-1500
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
ý Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
___________________________________________________________________
--------------------------------------------------------------------------------
Item 7.01 Regulation FD Disclosure.
The following information is furnished under Item 7.01, “Regulation FD Disclosure”, and Item 9.01 “Financial Statements and Exhibits”. This information, including Exhibits 99.1 and 99.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On May 12, 2008, DRS Technologies, Inc. (the “Company”), a Delaware corporation, Finmeccanica - Societá per azioni (“Finmeccanica”), a societá per azioni organized under the laws of Italy, and Dragon Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Finmeccanica (“Acquisition Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). On May 13, 2008, the Company held an investor conference call in connection with the announcement of its entry into the Merger Agreement. The transcript of that call is furnished as Exhibit 99.1 hereto and incorporated herein by reference. A copy of the slide presentation presented as part of the investor conference call is furnished as Exhibit 99.2 hereto and incorporated herein by reference.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on management's beliefs and assumptions, current expectations, estimates and projections. Such statements, including statements relating to the Company’s expectations for future financial performance, are not considered historical facts and are considered forward-looking statements under the federal securities laws. These statements may contain words such as "may," "will," "intend," "plan," "project," "expect," "anticipate," "could," "should," "would," "believe," "estimate," "contemplate," "possible" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements and include, without limitation, demand and competition for the Company's products and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings. Given these uncertainties, you should not rely on forward looking statements. Such forward-looking statements speak only as of the date on which they were made, and the Company undertakes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise.
IMPORTANT INFORMATION
In connection with the proposed Merger and required stockholder approval, the Company will file with the Securities and Exchange Commission (the "SEC") a proxy statement. The proxy statement will be mailed to the Company’s stockholders and will contain information about the Company, the proposed merger and related matters. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT IS AVAILABLE, AS IT WILL CONTAIN IMPORTANT INFORMATION THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION ABOUT THE MERGER. In addition to receiving the proxy statement from the Company by mail, stockholders will be able to obtain the proxy statement, as well as other filings containing information about the Company, without charge, from the SEC's website (http://www.sec.gov) or, without charge, from the Company at www.DRS.com.
PARTICIPANTS IN SOLICITATION
The Company and its directors and executive officers and certain other members of management may be deemed to be participants in the solicitation of proxies in connection with the Merger. Information concerning the Company’s participants is set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2007, which was filed with the SEC on May 30, 2007. Additional information regarding the interests of participants of the Company in the solicitation of proxies in connection with the merger will be included in the proxy statement to be filed with the SEC. The Company’s press releases and other Company information are available at the Company’s website located at www.DRS.com.
--------------------------------------------------------------------------------
Item 8.01 Other Events.
The information set forth in Item 7.01 of this Current Report is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
The following press release is included as an exhibit to this report:
Exhibit No. Description
99.1 Transcript of Investor Conference Call held by DRS Technologies, Inc. on May 13, 2008.
99.2 Slide Presentation for Investor Conference Call held by DRS Technologies, Inc. on May 13, 2008.
--------------------------------------------------------------------------------
DRS TECHNOLOGIES, INC.
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.
DRS TECHNOLOGIES, INC.
(Registrant)
Date: May 15, 2008 By:
/s/ RICHARD A. SCHNEIDER
Richard A. Schneider
Executive Vice President, Chief Financial Officer
--------------------------------------------------------------------------------
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Transcript of Investor Conference Call held by DRS Technologies, Inc. on May 13, 2008.
99.2 Slide Presentation for Investor Conference Call held by DRS Technologies, Inc. on May 13, 2008.
Fuel will hit close to $5.00 a gallon the demand for Aero's product has never been greater !
I think CFO Solutions (www.utahcfo.com), has what we need right now, especially the connections with financing to help Aero explode !
I'll take everything Aero has done 10 fold, over a CEO that raised the A/S to 25b and dumped on the shareholders like what happened to you !
It's no secret that Aero's been in business for several years and has struggled to get their piece of an almost impossible market to break into.
Look at us today..... I'm all grins :)
I think you should have helped some of the SQUME people who post on this Aero board.
They got caught in a real big scam leaving them with nada.
Aero has proven many, many people wrong since last year starting with becoming current on filings to. they will never merge now it's they don't have money to move.....
I think Aero will post higher earnings in the 1'st Q than they made in all of last year !
Then we can talk about the second Q or the 10k due in sept.
1.7b shares is not avoiding it's owning.....lol
Thats for sure......especially with 460 boardmarks....lol
No need to waste money when they already pr'd his resignation.
I really like the way Aero is coming around. Can't wait for the 10QSB.....
I'll bet there are some hoping it's late.......lol