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NASD Asks SEC To OK Tougher Short Sale Rules
By Carol S. Remond
A Dow Jones Newswires Column
NEW YORK (Dow Jones)--The NASD is taking steps to further tighten short
selling rules for its members.
NASD has asked the Securities and Exchange Commission to approve a new
rule
that would require clearing firms to make delivery, or take affirmative
steps to
make delivery, within 10 business days after settlement date for all short
sale
transactions with no exemption.
Under current NASD rules, bona fide market making activities and
arbitraged
positions are exempt from the 10-days delivery requirement. Under the new
rule
proposed by NASD, market making activities and arbitraged positions will no
longer be exempt.
NASD said the new delivery rule is needed to address abusive short selling
activities, including naked short selling or short selling without first
borrowing securities to make delivery.
A short seller typically borrows stock from a broker to sell it into the
market, betting that the share price will fall so that he can buy the stock
back
at a lower price and pocket the difference.
NASD said that naked short selling "can result in long-term failures to
deliver, including aggregate failures to deliver that exceed the total float
of
a security." NASD said it believes that such "extended failure to deliver
can
have a negative effect on the market."
"Existing NASD rules are designed to address the settlement of short sales
transactions, but NASD has concluded that these rules need to be revised and
updated to address directly the current problems occuring in the
marketplace,"
NASD said.
The move by NASD to tighten delivery rules follows the approval by the SEC
late last year of a more aggressive NASD affirmative determination rule that
closed a loophole that allowed non-NASD members, mostly foreign brokerage
firms,
to short stocks without first borrowing shares.
NASD's affirmative determination rule stipulates that brokers and dealers
engaged in a short sale transaction must make sure that shares can be
delivered
by settlement time, three days later. Market makers engaged in bona fide
market-making activities will continue to be exempt from affirmative
determination under NASD's tougher rule which is scheduled to take effect on
April 1.
To address concerns that the non-exemption of market making activites
could
lead to a lack of liquidity, NASD said that clearing firms will be able to
request two five-days extensions if they fail to deliver stock within
10-days.
"If delivery is not made within the requisite time period, the following
trading restriction will apply until delivery is effected: the account which
has
failed to deliver against its sale, or any other accounts held at the
clearing
firm by the legal or beneficial owner of such account, would be restricted
from
selling short the same security to which the failure to deliver pertains,"
according to the new NASD delivery rule.
NASD said that the proposed rule change will reduce the amount of extended
failures to deliver in securities and will enhance the integrity of the
market
and the clearance and settlement system. This is the first time that NASD
acknowledges problems and mounting failures to deliver stock necessary to
settle
transactions.
Although separate from it, the amended NASD affirmative determination rule
and
its new delivery rule fit tightly within new short selling regulations,
known
as Regulation SHO, being put forward by the SEC. Regulation SHO is currently
under review by the SEC staff after a period during which market
participants
were invited to comment on it.
As it stands, SHO will make it easier to short large-cap stocks since they
would do away with the "uptick" rule, which bans short selling on a stock
when
the price is falling. But it when it comes to the small-cap markets, where
it's
often impossible to borrow stock, the impact of SHO will be the opposite,
making
it harder to short sell stock.
Under SHO, a broker or an investor that fails to deliver within two days
after
the settlement date will effectively be unable to short sell that stock for
90
days. The new SEC rule sets a predetermined level of so-called clearing
fails,
cases in which a broker or investor cannot deliver stock within two days
after
settlement, which will trigger the 90-day blackout during which that
customer
will not be allowed to short sell that security. That 90-day exemption would
also affect trading of U.S. securities outside the U.S.
NASD said it will announce the effective date for its new delivery rule to
members "no later than 60 days following (SEC) approval. The effective date
will
be 90 days following publication of the Notice to Members announcing (SEC)
approval."
(Carol S. Remond is one of four "In The Money" columnists who take a
sophisticated look at the value of companies and their securities and
explore
unique trading strategies.)
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074;
carol.remond@dowjones.com
(END) Dow Jones Newswires
18-03-04 2128GMT
News for 'GETC' - (Geotec Thermal Generators, Inc./TelcoEnergy Announces
That TelcoEnergy Will Provide a 15% Stock Dividend to Geotec Shareholders
of Record on the TelcoEnergy Acquisition Date)
BOCA RATON, Fla., Mar 15, 2004 (BUSINESS WIRE) -- Geotec Thermal
Generators
Inc./TelcoEnergy Corporation (OTCBB:GETC) announced today the intention to
issue
a 15% stock dividend to Geotec shareholders of record on the date of
completion
of Geotec's acquisition of TelcoEnergy Corporation.
"TelcoEnergy recognizes the value of the long term and sustained support
provided by Geotec's shareholders and the importance of the continuing
support
of these shareholders as we move towards the integrated operations of the
merged
companies. TelcoEnergy wishes to show its appreciation by providing a 15%
stock
dividend to all Geotec shareholders of record at the time the acquisition
is
completed. The shares of stock transferred to the Geotec shareholders will
be
derived from a set of the stock provided to TelcoEnergy, as part of the
acquisition." as expressed by TelcoEnergy management.
Geotec/TelcoEnergy Management believes that it will take approximately 60
days
to finalize the acquisition process. As the closing date approaches,
management
will announce the exact date and terms of the dividend.
"We are aware that there are numerous shareholders that have been
acquiring
Geotec shares for several years, and I wish to personally thank them for
their
continuing support," stated W. Richard Lueck, CEO for Geotec/TelcoEnergy.
About Geotec: Geotec Thermal Generators, Inc. has exclusive rights, to the
Russian Federation technology for oil and gas recovery developed by the
Military
Research and Production Facility, FR & PC ALTAI for the Ministry of
Geology, for
use in North, South and Central America. This unique scientific technology
concluded development in 1986, comprising 6500 wells with 14 years of
research
and development. Over 30,000 wells have been treated with a 70% success
rate for
oil wells, and a 90+% success rate for gas wells. The technology produces
incremental oil yields averaging over 6000 barrels of oil per well, per
year.
Wells, in certain rock formations, have exceeded 45,000 barrels of oil per
well,
per year. Other than the Company, only 13 governments have been permitted
this
technology, including China and India.
About TelcoEnergy: TelcoEnergy Corporation has a 50% ownership in MACH 3
Enterprises, LLC, a Nevada Corporation. TelcoEnergy Corporation has U.S.
and
developing operations in Russia, China and South America. TelcoEnergy,
operating, "From the Wellhead to the Gas Pump." The details of the
complete
operations will be incorporated into SEC filings and new information
included in
future Geotec Press Releases.
Geotec Thermal Generators, Inc./TelcoEnergy Corporation (OTCBB:GETC) is an
operating oil/gas/energy company. Statements in this release, which relate
to
other than strictly historical facts, including statement about the
Company's
plans and strategies, as well as management's expectations about new and
existing products and services, technologies and opportunities, market
growth,
demand for new and existing products and services, are forward-looking
statements. The words "believe," "expect," "anticipate," "estimate,"
"project,"
"intend" and similar expression identify forward-looking statements that
can
speak only as of the date hereof. This press release contains certain
forward-looking statements regarding Geotec Thermal Generators, Inc.,
TelcoEnergy Corporation, its business prospects and results of operations
that
are subject to certain risks and uncertainties posed by many factors and
events
that could cause Geotec/TelcoEnergy's actual business, prospects and
results of
operations to differ materially from those that may be anticipated by such
forward-looking statements. Readers are urged to carefully review and
consider
the various disclosures made by Geotec/TelcoEnergy in this new release and
other
reports filed with the Securities and Exchange Commission that attempt to
advise
interested parties of the risks and factors that may affect
Geotec/TelcoEnergy's
business.
SOURCE: Geotec Thermal Generators, Inc./TelcoEnergy Corporation
CONTACT: Mirador Consulting, Inc., Boca Raton
Frank Benedetto, 877-Mirador
fb@MiradorConsulting.com
or
Geotec Thermal Generators, Inc./TelcoEnergy Corporation
W. Richard Lueck, 561-447-7370
rlueck@mindspring.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: FLORIDA
INDUSTRY KEYWORD: ENERGY
OIL/GAS
DIVIDEND
Source: Comtext Market News
news..15% stock dividend (Geotec Thermal Generators, Inc./TelcoEnergy Announces
That TelcoEnergy Will Provide a 15% Stock Dividend to Geotec Shareholders
of Record on the TelcoEnergy Acquisition Date)
BOCA RATON, Fla., Mar 15, 2004 (BUSINESS WIRE) -- Geotec Thermal
Generators
Inc./TelcoEnergy Corporation (OTCBB:GETC) announced today the intention to
issue
a 15% stock dividend to Geotec shareholders of record on the date of
completion
of Geotec's acquisition of TelcoEnergy Corporation.
"TelcoEnergy recognizes the value of the long term and sustained support
provided by Geotec's shareholders and the importance of the continuing
support
of these shareholders as we move towards the integrated operations of the
merged
companies. TelcoEnergy wishes to show its appreciation by providing a 15%
stock
dividend to all Geotec shareholders of record at the time the acquisition
is
completed. The shares of stock transferred to the Geotec shareholders will
be
derived from a set of the stock provided to TelcoEnergy, as part of the
acquisition." as expressed by TelcoEnergy management.
Geotec/TelcoEnergy Management believes that it will take approximately 60
days
to finalize the acquisition process. As the closing date approaches,
management
will announce the exact date and terms of the dividend.
"We are aware that there are numerous shareholders that have been
acquiring
Geotec shares for several years, and I wish to personally thank them for
their
continuing support," stated W. Richard Lueck, CEO for Geotec/TelcoEnergy.
About Geotec: Geotec Thermal Generators, Inc. has exclusive rights, to the
Russian Federation technology for oil and gas recovery developed by the
Military
Research and Production Facility, FR & PC ALTAI for the Ministry of
Geology, for
use in North, South and Central America. This unique scientific technology
concluded development in 1986, comprising 6500 wells with 14 years of
research
and development. Over 30,000 wells have been treated with a 70% success
rate for
oil wells, and a 90+% success rate for gas wells. The technology produces
incremental oil yields averaging over 6000 barrels of oil per well, per
year.
Wells, in certain rock formations, have exceeded 45,000 barrels of oil per
well,
per year. Other than the Company, only 13 governments have been permitted
this
technology, including China and India.
About TelcoEnergy: TelcoEnergy Corporation has a 50% ownership in MACH 3
Enterprises, LLC, a Nevada Corporation. TelcoEnergy Corporation has U.S.
and
developing operations in Russia, China and South America. TelcoEnergy,
operating, "From the Wellhead to the Gas Pump." The details of the
complete
operations will be incorporated into SEC filings and new information
included in
future Geotec Press Releases.
Geotec Thermal Generators, Inc./TelcoEnergy Corporation (OTCBB:GETC) is an
operating oil/gas/energy company. Statements in this release, which relate
to
other than strictly historical facts, including statement about the
Company's
plans and strategies, as well as management's expectations about new and
existing products and services, technologies and opportunities, market
growth,
demand for new and existing products and services, are forward-looking
statements. The words "believe," "expect," "anticipate," "estimate,"
"project,"
"intend" and similar expression identify forward-looking statements that
can
speak only as of the date hereof. This press release contains certain
forward-looking statements regarding Geotec Thermal Generators, Inc.,
TelcoEnergy Corporation, its business prospects and results of operations
that
are subject to certain risks and uncertainties posed by many factors and
events
that could cause Geotec/TelcoEnergy's actual business, prospects and
results of
operations to differ materially from those that may be anticipated by such
forward-looking statements. Readers are urged to carefully review and
consider
the various disclosures made by Geotec/TelcoEnergy in this new release and
other
reports filed with the Securities and Exchange Commission that attempt to
advise
interested parties of the risks and factors that may affect
Geotec/TelcoEnergy's
business.
SOURCE: Geotec Thermal Generators, Inc./TelcoEnergy Corporation
CONTACT: Mirador Consulting, Inc., Boca Raton
Frank Benedetto, 877-Mirador
fb@MiradorConsulting.com
or
Geotec Thermal Generators, Inc./TelcoEnergy Corporation
W. Richard Lueck, 561-447-7370
rlueck@mindspring.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: FLORIDA
INDUSTRY KEYWORD: ENERGY
OIL/GAS
DIVIDEND
Source: Comtext Market News
re:TLXX can someone post the L2 MM line-up for all listed mms?
thanks
getc new 52 week high 1.23..news out today
News for 'GETC' - (Geotec Thermal Generators, Inc. Announces Execution of
a Letter of Intent to Acquire TELCO Energy Corporation)
BOCA RATON, Fla., Mar 1, 2004 (BUSINESS WIRE) -- Geotec Thermal Generators
Inc.
(OTCBB:GETC) today announced that it has executed a letter of intent to
acquire
TELCO Energy Corporation.
The Letter of Intent specifies that Geotec will acquire TELCO Energy
Corporation
upon completion of an operating agreement between the two companies.
Geotec's CEO, W. Richard Lueck commented, "The business synergy between
Geotec
and TELCO is strong. The acquisition fuses the power of Geotec's leading
edge
technology on the significant assets of TELCO Energy." TELCO Energy
operates an
energy business in the U.S., is developing business operations in Russia
and
China, and owns 1,400 miles of gas pipeline.
Lueck commented that "This acquisition positions Geotec to market its
technology
to a much larger customer set in the global energy market."
About Geotec: Geotec Thermal Generators, Inc. has exclusive rights to the
Russian Federation technology for oil and gas recovery developed by the
Military
Research and Production Facility, FR & PC ALTAI for the Ministry of
Geology, for
use in North, South and Central America. This unique scientific technology
concluded development in 1986, comprising 6,500 wells with 14 years of
research
and development. Over 30,000 wells have been treated with a 70% success
rate for
oil wells, and a 90+% success rate for gas wells. The technology produces
incremental oil yields averaging over 6,000 barrels of oil per well, per
year.
Wells in certain rock formations have exceeded 45,000 barrels of oil per
well,
per year. Other than the Company, only 13 governments have been permitted
this
technology, including China and India.
Pending closing of the acquisition, Geotec will enter into an operating
agreement with TELCO Energy for joint management of Geotec's combined
operations. Finalization of the acquisition is subject to due diligence
reviews
by each company and amendment of Geotec's articles to increase the
authorized
stock.
Geotec Thermal Generators, Inc. (OTCBB:GETC) is an operating oil and gas
well
treatment company. Statements in this release, which relate to other than
strictly historical facts, including statement about the Company's plans
and
strategies, as well as management's expectations about new and existing
products
and services, technologies and opportunities, market growth, demand for
new and
existing products and services, are forward-looking statements. The words
"believe", "expect", "anticipate", "estimate", "project", "intend" and
similar
expression identify forward-looking statements that can speak only as of
the
date hereof. This press release contains certain forward-looking
statements
regarding Geotec Thermal Generators, Inc., its business prospects and
results of
operations that are subject to certain risks and uncertainties posed by
many
factors and events that could cause Geotec's actual business, prospects
and
results of operations to differ materially from those that may be
anticipated by
such forward-looking statements. Readers are urged to carefully review and
consider the various disclosures made by Geotec in this new release and
other
reports filed with the Securities and Exchange Commission that attempt to
advise
interested parties of the risks and factors that may affect Geotec's
business.
SOURCE: Geotec Thermal Generators, Inc.
CONTACT: Mirador Consulting, Inc., Boca Raton
Frank Benedetto, 877-Mirador
E-mail: fb@MiradorConsulting.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
GETC NEWS....new 52 week high pre-market on the ask
GETC..gapping premarket
JGMHA...check out the pre market move
OMNI...re: ptsc...check out my post on 12/30
its was a 5 cents
Posted by: eliaman
In reply to: None Date:12/30/2003 9:05:21 PM
Post #of 46614
PTSC...any technical advice?
in radio shack in 30 days anyone see this>>>>> http://www.hotproductnews.com/results.htm?News_Categories=Computers&SKU=1099
thats 30 days from the show date is that correct? someone posted this link on ragingbull
hog..if you would like to see a good website that can help show you when the stock has been overbought and oversold go to clearstation.com put in the symbol IBZT look at the chart and follow the overbought oversold indicator at the bottom of the page to the actual chart above...charts dont lie...had you bought at the oversold indicator just as the line was turning back up from oversold and sold as the line crossed the overbought you can easily trade or any stock...look at ibzt and many other stocks you follow and look at teh trading patterns of the overbought and oversold line and let me know what you think!
hog you are incorrect this measures the technical in a stock..put in any other stock...this is not a survey it actually measures the technical short medium long term indicators fyi!!
IBZT - IBIZ TECHNOLOGY (OTCBB) technical info>>>>>>>
Date Open High Low Last Change Volume % Change
01/30/04 0.07 0.07 0.05 0.06 +0.00 209047203 +3.72%
var paid=''; if(paid == '') { document.write(''); bot=13; }
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 - 285848563
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 - 190382594
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 - 113651602
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.06 0.05 0.06 0.08
http://www.afterhourtrades.com/
bruce one more question what are the pros and cons to ibzt shareholders based on this filing?
DEF 14C dated 9/22/03... "After completion of the spin-off as outlined previously, IBIZ intends to do a share exchange with IBIZ AG, a wholly subsidiary of Endeavour Capital AG; this share exchange does not, under Nevada law, require the consent of shareholders). This will be accomplished by the issuance by IBIZ of 11,200,000 shares of common stock to the parent of IBIZ AG, Endeavour Capital AG, in exchange of 100% of the issued and outstanding common stock of this company. The new subsidiary of IBIZ will hold products and licenses for the spin- off operation and introduce to the Programmable Digital Assistant ("PDA") market the virtual laser light keyboard "Light Key"."
bruce...how exclusive is this product to ibiz? do you kanow anything about territorial rights? is ibiz only a reseller of the product?
is all of this happening?..PHOENIX, July 23 /PRNewswire-FirstCall/ -- iBIZ Technology Corporation (OTC Bulletin Board: IBZT - News; "the Company"), in connection with its plan to spin off our wholly-owned subsidiary iBIZ Inc., will file a preliminary proxy with the Securities and Exchange Commission, to seek the written consent of shareholders in this transaction. This is an initial step necessary for making iBIZ Inc. a separate reporting company eligible for listing on the OTC Bulletin Board.
iBIZ Technology Corp., as the parent company, will continue designing, building and distributing PDA accessories and products, hand in hand with the separate company, which (with its completely separate and distinct capital structure) will in turn provide support to its parent to fund future product development, complete targeted acquisitions, retire convertible debt and deliver value to the Company's shareholders.
President and Chief Executive Officer, Ken Schilling stated, "Spinning off our subsidiary, iBIZ Inc., is a natural migration for iBIZ Technology Corp. in our continuing efforts to grow the Company. Our shareholders in iBIZ Technology Corp. as of the record date September 25, 2003 will receive common stock in iBIZ Inc. at a ratio of one share of iBIZ Inc. for each 500 shares of the parent owned as of that date. It is anticipated that the shares issued in iBIZ Inc. for the shareholders other than the affiliates of iBIZ Inc. will not be restricted.
Mr. Schilling further commented, "The planned capital structure in iBIZ Inc. has allowed us to enter into a definitive agreement to acquire the assets of Endeavor Input Devices, a subsidiary of Endeavour Capital AG, headquartered in Zurich, Switzerland with operations in Tel Aviv, Israel. EID designs and manufactures virtual technologies and will bring a myriad of new innovation to iBIZ Inc. EID has begun mass production on its VKB Virtual Keyboard ( http://www.vkb.co.il/1.jpg ), which projects a fully functional keyboard on to a flat surface. The VKB interfaces to a variety of devices such as PDA's, Tablet PC's, Cell Phones and other devices, which are performance enhanced by data entry from a keyboard. No larger than a disposable cigarette lighter, the VKB is truly the most innovative keyboard product to come to market. Endeavor and their products will continue to enhance iBIZ Technology's road map of innovative PDA and computer accessories".
EID will provide cross distribution with iBIZ Technology as EID will sell and distribute iBIZ branded products in Europe, Africa and the Middle East. iBIZ Technology Corp. will maintain the sole and exclusive distribution rights to EID products in Asia, North and South America.
About iBIZ Technology
iBIZ (OTC Bulletin Board: IBZT - News) is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and hand-held devices. iBIZ is recognized for innovative, high-quality, competitively priced products available through major retailers. For more information on iBIZ products and services, go to www.ibizcorp.com , email sales@ibizcorp.com, or call to 1-800 234-0707.
For further information, please contact Ronald L. Garner of Equitilink, LLC, +1-877-788-1940, ron@equitilinkpr.com, for iBIZ Technology Corporation
About Endeavour Capital
Endeavour Capital AG is a Swiss public investment company, which leverages unique technologies and products developed in Israel into the global market. Endeavour Capital is an equity growth company, which maximizes shareholder benefits through a continuous increase of its market capitalization and price per share.
Forward-looking statements in this release relating to financing, profits and revenue growth are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties including, without limit, market competition, demand for the Company's products and services, technological change, dependence upon suppliers, and other risks described in the Company's Form 10-KSB for the year ended October 31, 2002.
key 2003 pr nobodys talkingabout.."Spinning off our subsidiary, iBIZ Inc., is a natural migration for iBIZ Technology Corp. in our continuing efforts to grow the Company. Our shareholders in iBIZ Technology Corp. as of the record date September 25, 2003 will receive common stock in iBIZ Inc. at a ratio of one share of iBIZ Inc. for each 500 shares of the parent owned as of that date. It is anticipated that the shares issued in iBIZ Inc. for the shareholders other than the affiliates of iBIZ Inc. will not be restricted.
Mr. Schilling further commented, "The planned capital structure in iBIZ Inc. has allowed us to enter into a definitive agreement to acquire the assets of Endeavor Input Devices, a subsidiary of Endeavour Capital AG, headquartered in Zurich, Switzerland with operations in Tel Aviv, Israel. EID designs and manufactures virtual technologies and will bring a myriad of new innovation to iBIZ Inc. EID has begun mass production on its VKB Virtual Keyboard ( http://www.vkb.co.il/1.jpg ), which projects a fully functional keyboard on to a flat surface. The VKB interfaces to a variety of devices such as PDA's, Tablet PC's, Cell Phones and other devices, which are performance enhanced by data entry from a keyboard. No larger than a disposable cigarette lighter, the VKB is truly the most innovative keyboard product to come to market. Endeavor and their products will continue to enhance iBIZ Technology's road map of innovative PDA and computer accessories".
EID will provide cross distribution with iBIZ Technology as EID will sell and distribute iBIZ branded products in Europe, Africa and the Middle East. iBIZ Technology Corp. will maintain the sole and exclusive distribution rights to EID products in Asia, North and South America.
how does ibiz compete w/siemens and panasonic? did a google search on vkb siemens and it appears siemens unveiled this texchnology in 2002 in germany..any thoughts on how exclusive or competitive this may become?
why is the bid ask LOCKED? at .063????
doesnt the higher stock price mean the cd holders get less shares based on the converison price? does that not explain how the filing went from 400,000,000 shares to 60,000,000 based on the price of the stock?
check out...TLKO - TELKONET INC
Date Open High Low Last Change Volume % Change
01/29/04 3.1000 3.1000 2.9700 3.0000 +0.0500 213300 +1.69%
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 Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 368905
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 - 216062
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 - 190805
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
2.95 2.32 2.92 3.52
omni..ivoc made a nice run today..good volume you follow it?
omni..any thoughts on tlko? thanks
TLKO any thoughts? look at these technical indicators>>>>>
Date Open High Low Last Change Volume % Change
01/28/04 2.64 3.20 2.60 2.95 +0.31 3213177 +11.74%
var paid=''; if(paid == '') { document.write(''); bot=13; }
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 Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 368909
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 - 216064
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 - 190806
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
2.95 2.32 2.92 3.52
http://www.afterhourtrades.com/
tlko..anyone get in? telkonet going to amex from otcbb!! any thoughts?
TLKO news leaving otcbb for amex..Telkonet Moving to Amex
WEDNESDAY, JANUARY 28, 2004 09:00 AM
ANNAPOLIS, Md., Jan 28, 2004 (BUSINESS WIRE) -- Telkonet, Inc. (OTCBB:TLKO.OB), the Leader in Commercial Powerline Communications (PLC), delivering high-speed Internet access over existing electrical wiring using their patent pending (PLC) technology, today announced that it has received approval by the American Stock Exchange for its listing application. As a result, the Company's trading platform for its common shares will be moving from the NASDAQ Bulletin Board to the American Stock Exchange. A tentative date to commence trading is set for Wednesday, February 4, 2004. The attached letter to our shareholders will serve as communication of this transfer to Amex.
About Telkonet
Telkonet's products provide connectivity over existing electrical wiring and do not require the costly installation of additional wiring or major disruption of business activity. In many situations, the Telkonet system can be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system. The Telkonet PlugPlusInternet family of networking and internetworking products offers a viable and cost-effective alternative to the challenges of hardwiring and wireless local area networks (LANs). Telkonet PlugPlusInternet products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
January 28, 2004
Dear Shareholders,
The trading platform for our common shares will be moving from the NASDAQ Bulletin Board to the American Stock Exchange ("Amex"). We have tentatively set for Wednesday, February 4, 2004 at 9:30 AM to implement this change. The existing ticker symbol "TLKO" will be replaced with the symbol "TKO". A celebratory "Ringing of the Opening Bell" by our Chairman, Pete Musser is scheduled for Tuesday, February 24, 2004.
Telkonet will create new stock certificates to conform to the Amex security requirements. Our current shareholders are not required to exchange their old stock certificates until a transaction requiring a new certificate occurs. However, to ensure a smooth transition from the Bulletin Board to the Amex, we suggest you send a written instruction by fax to your broker to order new certificates for the shares you have on deposit and then deposit these new certificates into your account. This will eliminate any potential problems associated with previous trading while on the Bulletin Board.
We are proud to be an Amex-Listed Company. Among the many advantages for Telkonet to be traded on the Amex include daily listings in most newspapers and the confidence gained by the foreign markets.
To increase our visibility, promote our PlugPlus(TM) Internet products and generate leads, we implemented a marketing campaign, which began in October 2003, targeting the hospitality and multi-dwelling unit (MDU) markets. We exhibited our products at key trade shows in October and November, ran advertisements in national trade publications and buyer's guides and enhanced our web site content. In addition, Telkonet was featured in the cover story article in the October issue of UNITS, the National Apartment Association's magazine, which you can read on our web site at http://www.telkonet.com/html/articles1.html. We have enclosed a copy of our ad and our corporate brochure, along with an extra brochure for you to share with a friend or potential business prospect.
Telkonet PlugPlus(TM) Internet systems are being installed every week. We've been receiving calls requesting updates on sales progress. The release of Company information (including this letter) must comply with regulations pertaining to "fairness" to the market. For that reason, this letter is being included in a press release. You can expect appropriate releases of information regarding the Company to the entire marketplace via press announcements.
Our goal to complete our suite of products by fall 2003 has been met. Telkonet now has manufactured regulatory-compliant products that deliver high-speed Internet connectivity to our three main market channels: hospitality, multiple dwelling units, and the government/military. We have installed our PlugPlus(TM) Internet systems in all channels and are now finalizing pricing and product offering packages for our markets.
The sales and marketing staff have doubled by adding five industry experienced professionals toward the end of the third quarter and we are currently filling more positions. We are signing Value Added Resellers (VARs) to gain market share. Now, in conjunction with a sales effort in the U.S., we are planning a strategic launch to expose our solution outside the United States. One such effort in Canada has already resulted in the installation of several test sites in Canadian hotels.
In a couple of months we will be moving our corporate headquarters from Annapolis to Germantown, Maryland. We are remodeling this new office space to support anticipated growth, as well as research and development for our next generation products.
Twelve months ago, we joined the Telkonet team as President and Chairman and we now also serve as co-CEO's. Looking back, our suite of products has been designed, tested and is now being manufactured for the market. A sales organization has been put in place and systems have been installed and are successfully operating in our main target market areas. Sufficient capital has been raised to execute our plan and now our shareholders have the benefit of a quality exchange for their investment.
We look forward to the challenges of 2004 and thank you for your loyal support.
Pete Musser, Chairman Ron Pickett, President
902-A Commerce Road -- Annapolis, Maryland 21401 -- Phone:410-897-5900
-- Fax: 410-897-1144 -- web: telkonet.com
SOURCE: Telkonet, Inc.
CONTACT: Telkonet, Inc., Annapolis
Stephen Sadle, 410-897-5900
ssadle@telkonet.com
or
Investors Stock Daily, Inc.
Jody Janson, 585-232-5440
jody@istockdaily.com
or
CEOcast, Inc.
Ken Sgro, 212-732-4300
kensgro@ceocast.com
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KEYWORD: MARYLAND
INDUSTRY KEYWORD: TELECOMMUNICATIONS
NETWORKING
E-COMMERCE
INTERNET
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