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EKCS - Good news out. Could lead to bigger pieces of the security system business for them. Stock is back below $1.50 again.
see news
http://www.investorshub.com/boards/read_msg.asp?message_id=6303639
Potential for big gains if this new deal allows them to get bigger chunks of the projects.
Electronic Control Security, Inc. Selects Lockheed Martin to Support Military Facility Security Projects
Wednesday May 11, 9:30 am ET
CLIFTON, N.J., May 11, 2005 (PRIMEZONE) -- ECSI (Electronic Control Security, Inc.) (OTC BB:EKCS.OB - News) announced today that it has selected Lockheed Martin to support future work under its Integrated Base Defense Security System (IBDSS) program, a contract awarded to ECSI in August of 2003 by the United States Department of the Air Force to provide the next generation of electronic security systems to United States Air Force facilities worldwide.
The company selected Lockheed Martin, a large-scale systems integrator with a worldwide customer base, for its expertise in complex electronic security systems, installation, integration and support services. Lockheed Martin has provided highly integrated electronic security systems for many of the United States' most critical facilities, including the Pentagon, military installations, and other critical government and transportation infrastructure.
ECSI can now expand its sales and service capability to address specific large military installations within the Department of Defense security market. Lockheed Martin can offer support to ECSI where additional resources are needed to effectively complete sophisticated system integration projects that contain particularly aggressive timetables and specialized requirements.
``Under our existing IBDSS contract, we can now offer the Department of Defense the capability of large system integration and expert logistical support with no geographic or resource constraints,'' said Arthur Barchenko, ECSI CEO. ``Working with Lockheed Martin will enable us to effectively address many large U.S. Air Force and military projects without adding a layer of cost.''
IBDSS is an acquisition program for fixed and relocatable security systems that support the essential elements of defense for the United States. An indefinite delivery indefinite quantity (IDIQ) procurement contract managed by the United States Air Force Electronic Systems Center, IBDSS centralizes the purchase and installation of security systems equipment at government and non-government sites throughout the world. The program includes the design, engineering, procurement, installation, integration, test, sustainment, technology insertion, and disposal of the security equipment.
About Lockheed Martin
Headquartered in Bethesda, MD, Lockheed Martin employs about 130,000 people worldwide and is principally engaged in research, design, development, manufacture, and integration of advanced technology systems, products, and services.
About ECSI
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The company designs, manufactures and markets physical electronic security systems for high profile, high threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The company has teaming agreements with ADT Federal Systems, ARINC, Athena Ltd., Hudson Marine, Parsons Infrastructure & Technology Group, Radio Holland Group, SERCO, Inc., STS International, Tetra Tech, Inc. and other industry leaders. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562; for more information on ECSI and its customers please go to http://www.anti-terrorism.com.
Certain statements included in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements expressed or implied as the result of a variety of factors, of which a number could be potentially beyond the Company's control. The Company's actual results and events will be expressed from time to time in the Company's periodic filings with the Securities and Exchange Commission (the ``SEC''). As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. The forward-reaching statements contained herein are made only as of the date of this press release and the Company assumes or undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
Electronic Control Security, Inc.
Kathleen Zomack
973-574-8555
--------------------------------------------------------------------------------
Source: Electronic Control Security Inc.
Lentinman: Not sure why you get dumped on all the time and it must be the high salary that keeps you at it... but I do appreciate your efforts to move the non value to ZCC..
THANKS
NHRXW : Last time I played this warrant it ran from $1.50 to $3.00 ... Just announced deal today
CIGNA HealthCare and NationsHealth Team to Offer Medicare Part D Plans
Monday May 9, 9:09 am ET
BLOOMFIELD, Conn. and SUNRISE, Fla., May 9, 2005 /PRNewswire-FirstCall/ -- CIGNA HealthCare and NationsHealth, Inc. today announced they have formed a strategic alliance to jointly deliver national Medicare Part D prescription drug plans. The companies said the alliance will combine NationsHealth's experience in distribution and service to the Medicare population with CIGNA HealthCare's industry-leading pharmacy product portfolio and clinical management programs, resulting in a nationwide offering for Medicare-eligible individuals.
ADVERTISEMENT
"We are creating our Part D plans to be easy to use and easy to understand so that enrollees can get the most value from their new prescription drug coverage," said Michael Ferris, president of CIGNA HealthCare's senior segment. "Responsive customer service that gives beneficiaries quick and reliable answers to questions and helps them use their new benefits is a key part of the value our plans will provide. NationsHealth has extensive experience in administering Medicare benefits, a reputation for service excellence, and is already well-known to millions of Medicare beneficiaries who use their services today. Through this alliance, we will offer Part D plans that we believe will be very competitive in the marketplace."
"Our alliance with CIGNA HealthCare supports NationsHealth's goal of making cost-effective health care more widely available to our nation's Medicare population - in this case, through a much-needed Medicare prescription drug benefit," said Glenn M. Parker, MD, Chief Executive Officer of NationsHealth, Inc. "CIGNA HealthCare's position as a premier national health benefits company, combined with NationsHealth's expertise in enrolling and servicing more than two million seniors in its prescription card programs, positions the alliance for success and creates a powerful platform to grow our membership. Perhaps even more importantly, the CIGNA-NationsHealth alliance will dramatically enhance Medicare beneficiaries' ability to understand and access their new benefits under Medicare Part D."
CIGNA HealthCare earlier this year applied to become a national Medicare Part D prescription drug plan provider. According to the timeline established by the federal Centers for Medicare & Medicaid Services (CMS) for implementing the Medicare Part D program, contracts are expected to be awarded to qualified plans in September. Medicare beneficiaries will begin selecting their pharmacy plans in the fall of 2005 and the program will take effect in January of 2006.
The strategic agreement is subject to CMS approval of CIGNA HealthCare's Part D application. Additionally, subject to financing commitments to be fulfilled by NationsHealth, CIGNA HealthCare has committed to purchasing 303,030 shares of NationsHealth common stock and will receive a warrant to purchase approximately 2.9 million shares of NationsHealth common stock.
About NationsHealth, Inc.
NationsHealth (Nasdaq: NHRX - News, NHRXW - News, NXRXU - News), headquartered in Sunrise, FL, was founded in 2002 to improve the delivery of healthcare to Medicare and managed care beneficiaries by providing medical products and prescription discount services. The Company offers discount prescription cards, accepted at over 50,000 pharmacies nationwide. The Company currently has over 2,600,000 card members. In addition, NationsHealth provides home delivery of diabetes, respiratory and ostomy medical products to approximately 127,000 of its patients. NationsHealth is also the provider of diabetes supplies for Medicare beneficiaries at over 1,000 Kmart pharmacies. For more information please visit http://www.nationshealth.com.
About CIGNA HealthCare
CIGNA HealthCare, headquartered in Bloomfield, CT, provides medical benefits plans, dental coverage, behavioral health coverage, pharmacy benefits, and products and services that integrate and analyze information to support consumerism and health management. "CIGNA HealthCare" refers to various operating subsidiaries of CIGNA Corporation (NYSE: CI - News). Products and services are provided by these operating subsidiaries and not by CIGNA Corporation.
--------------------------------------------------------------------------------
Source: CIGNA HealthCare
JMIH & Boats / Another interesting point that is not well publicized
Can you deduct your boat? Read on...
By Chris Caswell
Getting money back from the government because you own a boat. Now there's a dream harbored by every boat owner. The fact is, your boat may provide tax savings, but you need to be careful and savvy to take advantage of the deductions. If you're like most people, you probably think that simply writing the word "boat" on your tax forms is an invitation to an audit. Fortunately, that's not always true, although tax experts agree that those who do write-off boating expenses are scrutinized more closely. The key is to get good-really good-tax advice and to stay within what the experts refer to as "IRS safe harbors." These are objective and reasonably well defined exceptions to the general tax rules.
We talked to several experts, including one who literally wrote the book on boating tax deductions, to get a clear picture of what you can, and can't, do on your tax forms. Here's their advice.
In general, there are three ways you can use your boat or yacht to recoup some of your tax dollars. The most popular safe harbor is the second home mortgage interest deduction. It elicits the least amount of IRS scrutiny. More than a half million pleasureboat owners in the U.S. qualify for this deduction. "For tax purposes, many boats qualify as second homes, in the same way that land-based vacation condos and mobile homes do," says Elaine Dickinson of BoatU.S. Government Affairs. "If you have a secured loan on the vessel, the IRS allows a tax deduction on the interest paid on the loan." (A secured loan is one where a lending institution holds the boat as collateral for the loan.)
It may surprise you to learn what qualifies a boat as a second home. The IRS definition is anything with basic living accommodations, such as a sleeping space, a toilet and cooking facilities. Almost any boat with a cabin meets that definition. But, if your boat is rented to others for even a single day, to legally claim the deduction, the government expects you to also use it as a residence, which usually means spending at least 15 nights aboard each year. And you may need documentation to prove it.
Of course, there will always be people who try to stretch the limits of the tax laws. Many boats that are claimed as second homes spend much of the year on trailers in the owners' driveways, and the government seems unaware. "The second-home deduction is too fuzzy for the IRS to crack down," says Keith Ashdown, vice-president of Taxpayers for Common Sense, a watchdog group. Even so, tax experts agree it's not good practice to take risks. A center console with a mattress on the deck and a barbecue on the rail won't qualify for the deduction. Note that the IRS will only recognize one second home on your tax forms. If you're already deducting a beachfront condo or a mountain cabin, you have to decide whether to keep that deduction or switch to your boat.
In case you're 1040-challenged, you report the loan interest for your second home/boat on "Schedule A, Itemized Deductions." Though some marine lenders do it anyway, the law does not require them to report interest on 1098 forms as it does for real estate lenders. If you do receive a 1098 form from your lender, you should report the amount on Line 10. If you don't, enter the amount on Line 11 and provide lender details. Similar to real estate taxes on your home, you can deduct personal property tax on your boat, and beginning in 2004, you can choose to deduct the larger of state income taxes or sales taxes paid during the year, including sales tax on a boat, car or airplane.
Another way to deduct boat expenses is through what some experts call the vacation home charter position. Instead of reaching into your pocket of after-tax earnings to pay dockage, maintenance, insurance and loan payments, you can put your boat into a managed charter program that enables you to write-off the expenses against charter income. Granted, this strategy is not doable or desirable for everyone, but it provides big advantages if your circumstances are right. First, you gain a new source of tax-sheltered earnings to defray costs. Second, you can rely on someone else to maintain the boat and relieve you of this chore. Third, depending on which state you live in, it may be possible to avoid paying sales tax on the initial purchase price of the boat. Finally, the boat remains available for your personal enjoyment.
But here, boaters and their accountants begin to encounter unfamiliar tax waters where the safe harbors are not so clearly marked. According to Texas-based Certified Public Accountant Mike Kimball, author of the book Tax Guide for Business Yachtsmen (www.yachtstaxadvisor.com), many boaters understandably assume the same tax rules that apply to their businesses or real estate investments will apply to their yacht charter activities. Says Kimball: "They are sometimes surprised to learn that the IRS requires them to account for the number of days of business and personal use each year as it does for cars and airplanes, or that regardless of the extent of the owner's involvement in his agency-managed charter activity, it will always be treated as a passive activity." It seems many boaters are either uninformed or misinformed about these critical legalities.
Gary and Darlene White of Kirkland, Wash., are boat owners who were surprised when the IRS disapproved their deductions. The couple had a 42-foot boat with a Northwest charter company for several years and had been deducting losses on boats since the early 1990s. All of these were carefully documented and included such normal expenses as advertising, licenses, legal fees and utilities. But when the case went to court, the judge ruled that boats are leased properties, which means they don't produce active business income or active losses. In the tax law lingo, the losses are passive and cannot be deducted against active income like money earned on a job. Passive losses can be deducted up to the break-even point but not beyond, so the Whites were ordered to repay $5,000 for two tax years. While this case can't be cited as authority in other cases, it may have long-term ramifications.
A third way to deduct boat expenses is to use a yacht for corporate activities. When it comes to business use, tax laws are cut-and-dried; all the subtlety is gone, and it's the company versus the government. When a corporation buys a yacht, it must prove that the yacht is used for business purposes, and that, according to Kimball and other tax experts, can be a bare knuckles fight. After all, it's one thing to justify a company limousine, another thing entirely to write-off all the costs of a $10 million yacht.
The most common and defensible corporate activities include incentive awards for both sales people and clients, but this safe harbor is technically not for entertainment use.
One corporate buyer recently stationed its yacht in a faraway harbor in an area where the company does considerable business. There it will serve primarily as a hotel for visiting company executives, and secondarily to entertain clients. The company expects to have no problem justifying the use and, in fact, if a company executive uses the yacht privately, he will be expected to reimburse the company.
According to the tax experts, there are boat owners who are not taking full advantage of some existing tax regulations. Here's a sample situation: A person buys a yacht and bases it near his business. He may not know that he is allowed to rent the yacht occasionally (no more than 14 days a year) for corporate activities, such as meetings with clients or other business functions. By doing so, the company can deduct 100 percent of the costs incurred in the use of the yacht, which might include moorage, crew and other fees. The best part, however, is that the owner of the yacht doesn't have to report the income since a second home can be rented for up to 14 days.
Whether you have a 20-foot cuddy cabin on a trailer or a multimillion-dollar megayacht, there are a variety of ways that you can use your boat to reduce your tax liabilities. Just be sure to get good advice from an expert and document everything carefully. Then, you'll have the satisfaction of knowing that the government is giving you money back.
Payne... Please wake me up if it hits $.25..
thanks
LOL
10Bagger/ JMIH..
Not a boat expert, what do you consider a "go fast boat"? Surely not a large sport fishing boat, as JMIH produces?
Anyway, Miami boat show was packed... JMIH did well, SEA Ray was wall to wall, shoulder to shoulder jammed. Boomers are moving to Florida at a rapid pace, many will want to boat. My realtor purchased a boat here during Thanksgiving and has used it all of 3 times since then. They will buy boats. They will pay high prices for insurance. My brother will continue to pay $400.00 a shot to fill his tank and life/leisure and the pursuit of perceived happiness will go on. When you retire and are flush with cash you spend it. Realizing that the kids are gone and "die broke" is your mantra, money will flow. JMIH is cheap.
Also as HWEB pointed out, why hit the bid with all your stock at once in a low floater? Does not sound like a trade by a wily veteran of Wall Street?
OT Researcher / Brinker..... interesting comments, who was #1 & #2 as ranked by Hulbert? TIA
btw - I did not participate in Brinkers 2000 Nasdaq trade as I thought it odd to bet against his own prediction of a major 40% market decline. I think it was more in the line of an under 4% of portfolio play, but I may be wrong on my memory of it. HOWEVER... following #3's advice has served me very well. Brinker used to pick individual stocks as special investments outside of his portfolios, which were Mutual fund only portfolios. His calls on the stocks tended to move the prices substantially and he stopped doing that after realizing or being told that his influence on those companies was so significant. I had a few big winners on those!
OT kyk2001 NWAU... go to this board
http://www.investorshub.com/boards/board.asp?board_id=3077
VLDI - Still like this one for an eventual run to $2.00 .. Good News today..
Sony Electronics and Validian Combine to Provide Unique Secure USB Communication Platform
Wednesday May 4, 7:39 am ET
Flash Communicator and Sony Biometric USB Device Deliver Encrypted File and Message Exchange with 3-Factor End-User Authentication
OTTAWA, Ontario, May 4 /PRNewswire-FirstCall/ -- Sony Electronics Inc. (NYSE: SNE - News) and Validian Corporation (OTC Bulletin Board: VLDI - News) today announced integration of the Sony Puppy® FIU-810 fingerprint identity token with Validian Flash Communicator(TM).
As an integrated unit, Validian Flash Communicator and Sony's FIU-810 token authenticate and authorize end users and applications, protecting against identity theft and delivering a secure file- and message-exchange system -- making this the most secure mobile communication device available in the world today.
Flash Communicator and the FIU-810 token provide the strongest level of authentication (3-factor biometric authentication) through identification and authentication of the user by reading the user's fingerprint before the Puppy can be accessed; authentication of the specific FIU-810 token to which the Flash Communicator application is linked; and the user's knowledge of the password to log into the Flash Communicator server.
Flash Communicator is installed in the private storage area of the Sony USB device, and links to the unique identifier of the unit on which it is installed. Each Flash Communicator application can operate only on the device with the identifier to which it is linked. Should the FIU-810 token be lost or stolen, this link prevents any possibility that the application can be copied to -- and used from -- another computer or USB device, or operated by another user.
"The Flash Communicator application utilizes two of the key features found on the FIU810 USB token," said Bruce Schwartz, Senior New Business Development Manager of Sony Electronics. "Fingerprint authentication ensures that the proper individual is using the device. It also secures and allows access to the private flash storage portion where the application resides thereby making this solution truly secure and mobile."
Flash Communicator authenticates the uniqueness of each application to prevent application hijacking and impersonation, encrypts and transmits any type and size of file, and optimizes packet size to enhance the delivery of large files. Confidentiality and security of information are ensured by encrypting and decrypting data and files within the application. Using the Sony FIU-810 as a platform provides the added benefits of biometric authentication and authorization of end users, preventing end-user impersonation and hijacking and further enhancing Flash Communicator's secure file exchange and communication capabilities.
"We are pleased to extend our collaboration with Sony Electronics," said Dr. Andre Maisonneuve, President and CEO of Validian Corporation. "The combination of Flash Communicator and the biometrically enabled Sony FIU-810 USB device authenticates end users and enables the secure exchange of sensitive files and messages from almost any internet-connected computer in the world. We're seeing significant demand for this new communication platform."
About Flash Communicator(TM)
Flash Communicator delivers application and end-user authentication, and secure file- and message-exchange capabilities both inside and outside the corporate firewall, improving the communication, collaboration and productivity of remote and mobile workers. Deployable on flash-memory devices or desktop and laptop computers, Flash Communicator secures the rapid transfer of any type and size of file including:
-- Text
-- eDocuments
-- Music
-- Software
-- Images
-- Photographs
-- Video
-- Movies
Data and files are encrypted and decrypted within sending and receiving Flash Communicator applications, ensuring data never travels in the clear. Flash Communicator is a finalist in the Software & Information Industry Association's (SIIA) 20th Annual Codie Awards in the Best Communication/Collaboration Solution category.
About the Sony FIU-810 Puppy
The Sony FIU-810 Puppy Fingerprint Identity Token is the most powerful fingerprint product to date from Sony, featuring Privacy-Protected Operation(TM) (advanced on-board fingerprint imaging, processing and storage), in addition to standards-based cryptographic technology, and on-board file storage capacity. Logon with your fingerprint, replace passwords on websites and applications, and sign documents with a digital certificate. The FIU-810 Puppy device also delivers the ability to securely transport files on-board the unit; in fact, you can set the device so that a portion of its on-board memory is encrypted and protected by your fingerprint.
About Validian
Validian Corporation is a leader in the development of innovative application-level security solutions that extend the trust model among applications and enhances communication security. Validian makes secure file transfer and information exchange among distributed applications straightforward and affordable for any organization, regardless of size. Validian Flash Communicator operates on Validian ASI(TM), a software product that authenticates application components, authorizes exchanges before they take place and ensures end-to-end security of information exchange between applications so that data never travels in the clear. With the introduction of ASI, Validian enhances the concept of application-layer security.
A U.S.-based public company with offices in the United States, Canada and Switzerland, Validian is managed by a team of experienced security and technology-industry experts and privately funded by venture-capital partners.
Investors should carefully consider the preceding information as well as information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
BRINKER - still bullish on just released may newsletter...
FWIW
RMIWA: OT Brinker....
I have listened and subscribed since 1996. I credit his timing with substantial portfolio gains for myself. Out of stocks in 2000, back in 2003. Have not used the on demand service. I listen when I can. Some radio stations with internet sites have his show on. You need to check which ones. Last time I listened that way I used KGO.
Most importantly I await his timing calls, the show is somewhat fluff to me, however reading between the "lines" often will give you a clue to his thinking before he writes it up.
GOOD LUCK... best 185.00 per year I ever spent.
Bobwins - Psychology is the issue: Americans expect that the price of gas/oil will remain low because gas in the car is freedom to travel and do as you please. They don't want it taken away by higher prices. The same with certain foods like milk...
Companies and employers add the cost of fuel as a surcharge - a seperate line item on many services. The thought being that it will be a temporary situation. Psychology!!!
The ending of the Robert Redford movie Three Days of the Condor captured the sentiment exactly. If anyone has not seen it, go rent it.
Judicialrestraint: Deferred tax asset- If you show as an Asset, taxes that you will not have to pay and then have no earnings to support that position down the road, you have overstated your assets on the balance sheet. Therefore they have set up an offset (valuation account). The valuation account in effect zeros out the asset and nullifies the whole thing. Not sure what the criteria is without reading the ruling. I have not looked at the financials you refer to, just using my long lost accounting memory.
BTW - I don't agree with showing the tax deferral as an asset. I think footnotes are better, but most people never read them.
Considering how long I have been away from accounting, double checking this would be a good idea. <g>
10bagger: Tell me you were kidding when you stated the following:
Excess cash has all gone into GOOG along with my Margin... Goog is a Cramer idea that seems to be an easy double over the next year... At least It has stayed above my inital purchase,,, even on down days...Not a VM but I treat it like cash...hank
The Google insiders are selling into the pump... I can't imagine why anyone would buy it. YOU TREAT IT LIKE CASH!
Oil Prices: FWIW department, Steve Forbes editorialized that oil has reached its speculative peak, with Goldman saying $100 plus was reachable. He thinks $30 a barrel within 1 year. Right or wrong, FORBES is well read and respected.....
and to lighten things up:
http://www.barry.fireflyinternet.co.uk/fun/files/pilot.htm
swtx reports next week
edac should be soon
ekcs somethings brewing (i hope)
Would be nice to have an earnings surprise on the upside!
OT - could not resist posting this LOL
Subject: Osamma & George
After numerous rounds of: "We don't even know if Osama is still alive," Osama himself decided to send George Bush a letter in his own handwriting to let him know he was still in the game. Bush opened the letter and it appeared to contain a coded message:
370HSSV-0773H
Bush was baffled, so he e-mailed it to Condi Rice. Condi and her aides had no clue either, so they sent it to the FBI. No one ould solve it so it went to the CIA, then to NSA. With no clue as to its meaning, they eventually asked Britain's MI-6 for help. MI-6 cabled the White House: "Tell the President he's holding the message upside down."
Read it anyway. nothing new. My guess is that they will find a merger partner and dilute the existing shareholders down to nothing. Maybe a 1 for 100 split. UGLY... Product is mostly gone from supermarket shelf. I still own one bottle of Blue, do I here any bid's for it? <G>
SWTX - Moving up with volume in a bad market. Ahead of earnings early May.
eom
My 2 Cents on the market direction: No idea whatsoever...impossible to predict. I think the "Market" is looking and hoping for Greenspan & Co., to throw up their hands and hold off on tightening money supply. Skip the 1/4 point rate increase next time, maybe just change the obscure language of the normal comments and the markets will react positive!!!
don't panic, be happy!
Payne,
365000 shares so far of a 2 cent stock, is not worth talking about. the stock would have to trade millions before I would consider it important. mentally written it off already. upside surprise would be nice, doubt it!
looks like a dead duck! the end is near. shopping for a merger deal.
Bob Brinker - for those that care... "bearishness" he does not expect to see that happen anytime soon with his timing models!
From the most recent Marketimer report!
Lentinman - Rydnx
It is scary Len, I have had a businessweek article about RYDNX, POTSX, USPSX from Nov 17, 2003 pinned up on my bulletin board waiting for the day when I sell the longs and go short with RYDNX.
Great Minds.......
Listening to a repeat of Brinker today, he does not sound like a call is happening soon, he is still telling people to dollar cost average into the market if they must get in now.
LOL
Top Positions -
spy
qqqq
vti
vtsmx
vghcx
EKCS - sentimental favorite, can't let go. may die owning this one.
MDF - think florida boomer growth.. they will have to try hard to screw it up.
SWTX
EDAC
xrx
et
pdge - tried to buy it on the cheap last year and missed. no longer will chase any stock. double edged sword listening to the Sheriff. <g>
run 168 MDF
those were shares issued as compensation. no big deal. not a bullish buy signal from insiders.
VERY OT - erehwontim
Tim,
Thanks for the reply.... I am doing my CSA research today. Not going to be close enough to your farm to get involved with your deal.. Good Luck with it!!!
mandjb - I don't disagree with your assessment. I would not run a small public company as I could care less about enriching the pockets of shareholders who are in it to do exactly the same thing, buy low - sell high.... Average Joe shareholders and CEO's and other insiders have differing goals ... Check out ENRON, TYCO, AIG, Adelphia, etc. and the thousands of companies yet to be caught at it. APES ceo is pretty much outfront in taking his chunk of the pie.
I am not long the stock, I don't want to own it... I just don't think that his compensation is excessive.
SSKILLZ - good idea for a board.
I am and have been for awhile, a Bob Brinker follower. I mostly follow his timing model and for the bulk of my investments, am more than happy to get total market returns, while avoiding the major selloffs. These 5-10% corrections are not what he plays, to hard to jump in and out of them. I see no reason to switch from this strategy until he retires, or it starts to fail me.
Value Micro's are a sideline at this point for me and may eventually grow to a larger portion of the portfolio as time and interest allow. Family first (very little time required to do his strategy), Microcap research second!!!!
Good Luck all...
APES - Don't fully agree with your assessment of APES CEO. You can't judge compensation solely on the basis of gross revenues of a company. CEO could and most likely wearing several hats in the company. He may be running the Public side of the company as well as soliciting new biz and servicing accounts. I don't blame him a bit for taking as much as shareholders will let him take.
You should have held onto a few shares and started a class action lawsuit against the company. Scare him into lowering compensation if that is what you think. But you are correct in thinking that it will keep people from buying the stock, which is most likely not a concern of CEO at this point. He has a fat cash cow.... milking it for all he can.
I respectfully admire his strategy!
VERY OT - erehwontim ...
"I spend about 5 hours a day working on my investments but less in April-October when I'm running my organic vegetable farm."
What part of the country are you in? Being a Veggie, I am just curious. Do you farm for yourself or sell to the public?
thanks
I SECOND THE MOTION!
roguedolphin politics
That article you just posted is almost 100% pure politics it has almost no relevance for investing decisions.
You will not find a more political individual on this board than I am but I think we have decided we didn't want this to devolve to political discussions.
I think I speak for most or all of us in asking you to flush the politics.
PLCC - Lentinman
Len, from past experience.. the stocks of smaller brokers/investment bankers suffer from the inability of the firm to actually self promote their own stock. it is an area that brings the NASD/SEC down on you quickly. much easier for the registered reps of a firm to sell some other stock to a customer, rather than pump their own stock and support it.
That was my experience when I was part of a small public otc firm... could not generate interest in our own paper. EOM
rawnoc - EKCS is finally going to be profitable. They have raised money this past year, made a recent acquistion and the "promoters" at the moment still have tons of 1.00 warrants and stock to sell into the market. the only way they can do so is to promote the hell out of it. it is still a good story and they are a single one stop shop in anti-terrorism installations, that has been around since the 1970's. Barchenko the president has a bad reputation as an employer, but he certainly is a survivor. the stock will most certainly take off the day i finally give up and sell all of it. I figure next year will be 20 years of looking at it, and I will most likely give up by then. but i have never sold a share at a loss.. don't intend to now. it dipped to 1.30 this week and today it looked like someone cleaned up a block @1.50 ... not sure if they are just looking to retail that block, or move it back up again.
MDF... ask bobwins, read yahoo board (i don't much anymore).. ihub board has no traffic. this is actually a Value Microcap topic as they have great cash flow and profits/revenues. HMO if managed properly with the expansion into the West Coast of Florida, should provide them with new major revenue streams. i wish i had a copy of the projections they must have done for the next few years.
4 posts for me today... that must be my record... although i appreciate your increasing the volume on the EKCS board (LOL)in number of posts, I excerised my authority and deleted it.
RAWNOC - I will give you a shot at respectable conversation.
MDF - I have nothing to do with this. A post every now and then. This was a BOBWINS winner. I have a small position and truly believe it will eventually be a big winner in the Booming Florida Seniors Health Market. Bought in at $1.00, sold half @ $1.75 repurchased those shares in the 2's and decided to hold for $5.00
EKCS - 1986 as I recall, put my customers into the IPO. bought some for myself as support fell away. 18 cents - 40 cents. HELD MOST OF THOSE SHARES... Still have 50% of my original position (boy some pumper I must be LOL).. Early 2004 had a fight with some Raging Bull basher as the stock tanked back to 60 cents. He said it would be a long time before it got above $1.00.. All of 3 weeks. Sold my 60 cent stock at $1.00 + .. purchased some of it back for my kids @ 1.20 ... Sold some @ $2.50 and $3.20 ... bought most of it back in the 2.00's again. Have always owned some of this, even when it was off the pinks and dead. Think this has another run to the high 2's left in it for this year, btw they claim they will be profitable this year.
VLDI - I recommended a SMALL position when the stock was in the low 40's. I owned it much higher and averaged down in tax loss time. The stock ran to the 80's.. quickly, I was on vacation and missed the chance to take a profit on half and hold the balance. Check the filings, some big San Francisco investors took a position in this one. If they can maintain some level of cash and get some real sales, this one will fly. Again, I stated in my early posts on it that I had a small position.
I DON'T PUMP.. Never have never will. The pumping bs is what got me to leave the lucrative brokerage biz. If someone wants to live as a dishonest prick and screw everyone, then the brokerage biz is the place to be. I did not. Most of my investments are in ETF's and I basically time the Market with the aid of Bob Brinker. This OTC stuff just keeps me grounded in the past, and if I got wiped out tomorrow on all my OTCBB stocks, Cest la vie.
DON'T pump and I will respect your views as much as anyones.
OT - RAWNOC , trolling the boards as would be the expected MO of a serial pumper. Try and trash me... who cares.. you will now be talking to yourself.
have a great evening.
RAWNOC - I merely stated a fact that you pumped the stock at much higher prices. Congrats on your succesful pump and dump, obviously as you just admitted, you PUMPED AND MOST LIKELY DUMPED INTO THE BUYING OF THOSE THAT LISTEN TO YOU. I don't really care. Did not buy it, never would buy a POS like that, and would never buy anything you mention. As a matter of fact, I don't need to earn any money off any of this, as I am pretty much financially secure at this point in my life. SO your slings and arrows mean nothing to me. Just sharing the facts with the other readers of the board. Some of them might just believe your crap. I thought you were pretty much a stand up guy because of your good call on TTGH... obviously you were just trying to build up some following so you could screw the rubes on one of your own p&d's.....
And to the mystery man.... you know who you are, let it rip, don't hold back, you just become part of the bs if you don't stand up and say something.
bobwins - TRDY.pk..
I remember that as a Rawnoc Can't Miss!!!!
lol