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The institutional ownership data for Competitive Technologies (CTT) was just updated. Institutional holders now represent over 13% of the shares outstanding. From the last filing the largest holder,Prescott Group has increased their CTT holdings by 459,000 shares (a147% increase).
Link: http://www.nasdaq.com/asp/Holdings.asp?symbol=CTT&selected=CTT
We're through the resistance at 2.41 from Clay's video chart from last week, but we seem to be bumping up against 2.45. It will be interesting to see where it goes if we can bust through 2.45 strong.
AXTG breaking out on strong momentum - showing signs of potential for strong run.
Encouraging early share volume (57,000+ in first 35 minutes) and upward trade, indicating the lack of any significant sellers out there. But no one has hit on the new ask of .16 yet. Hopefully better days are ahead.
Nice strong surge up to 2.30 at the close.
Excellent points Blue.
Once is clearly not enough.
Volume is very light, but I will take the nice increase in PPS. The trade today thus far would seem to evidence the lack of any significant sellers out there.
Eagle: the difference here is that you actually have something substantive and constructive to say when you post. I appreciate your participation on this board. P.S. Note the encouraging new updates to the ibox info. above. IMO, we are on the verge of some positive developments and announcements from the company.
She doesn't understand that the UTRM units would be purchased by the hotel/convention industry, or the convention and visitors bureau, to be given away as promotional items. Any sales are good sales. UTRM has a very bright future.
Your questions would be better directed to the company, Ma'am. I simply posted the apparent IR update I found on the Momentum Players IHUB Board, as I did not receive it. But, as I read the update, you are missing the point, namely that the units would be purchased by the hospitality and convention industry, with potential assistance from the Las Vegas Water Authority, to be GIVEN AWAY to visitors as a promotional item. I had thought the primary market for the product would be overseas, but believe the news of these new potential markets in the US is a positive.
IR update - From Momentum Players IHUB Board:
Posted by: loridans Date: Monday, February 08, 2010 11:32:39 AM
In reply to: shakerzzz who wrote msg# 398544 Post # of 398554
Something is up with UTRM
Just got this from IR. I was on their list. Almost says "Stay tuned--you will get your news". Almost is a pre-announcement on the Vet thing.
To UTRM shareholders:
UTRM management is aware that it has been some time since the company has issued a press release on corporate developments. The company would like to give a quick update to its shareholders and potential investors that have opted in to the UTRM e-mail list.
Go Green Expo and Distributor Meetings
We have received phone calls and e-mails with questions on what transpired at the Go Green Expo in Los Angeles. At the Expo, the company obtained additional local press coverage and were approached by a number of retail store buyers interested in adding the Aquafree (TM) toothbrush to their retail mix in the U.S. These qualified leads are being pursued with the goal to obtain orders in the near future. In addition, the company has met again with three distributors with proven distribution networks which have a focus on dental supplies.
Potential with the Convention and Casino/Hotel Industry in Las Vegas
UTRM management met with a number of hotels and casinos in Las Vegas a few days after the Expo. There is a very significant opportunity in Las Vegas, where scarce water resources has provided UTRM with a very promising market with the potential of frequent reorders for the Aquafree toothbrush as a promotional item from the hospitality and convention industry. With the number of visitors coming into Las Vegas daily, the Aquafree toothbrush can have a major impact on water usage in the Las Vegas area. The company has already met with the Water Authority of Las Vegas for assistance in penetrating this market.
As a reminder, when contracts are signed, both purchasing contracts and distributor agreements, they will be announced through press releases. The company will not announce signed Letter of Intents (LOI's)--only definitive contracts. When the company obtains a signed contract, a press release will be issued. When approved by the other party, the company will include projected revenues or unit totals for each contract in the press releases.
Veterinary Application--Aquafree Toothbrush Brand Extension
UTRM management would like to thank those shareholders and interested investors who have called and e-mailed the company regarding the possibility of extending the Aquafree brand to a veterinary application. UTRM has plans to introduce a Aquafree toothbrush for dogs and cats once the company's main distribution of the Aquafree toothbrush has been established.
The veterinary application has the potential to be a lucrative ancillary market. One of the reasons pet owners do not try to brush their pet's teeth periodically is because of the "juggling" required between putting toothbrush on the brush, prying the pet's mouth open without losing the toothpaste and finally brushing. The Aquafree toothbrush would simplify this procedure. The easier the procedure, the more pet owners brushing their pet's teeth.
As noted in a recent article: "Periodontal disease, an infection of the gums, is incredibly common in pets, and it can be quite serious," explains Dr. Niemiec, a board certified veterinary dental specialist. "It's estimated that by the age of two, 80 percent of dogs and 70 percent of cats have some form of periodontal disease. Periodontal infections have been linked to diabetes, heart attacks, strokes, kidney disease and other life threatening disorders. The best way to prevent periodontal disease is by regularly brushing your pet's teeth and by regularly visiting your veterinarian."
Link: http://www.prweb.com/releases/pet_oral_health/dental_care/prweb2187014.htm
Yes. and there is a lot of mention of UTRM on the IHUB momentum boards today, e.g. Momentum Players, including an update from IR. I have not received it yet, but there is apparently an update out there.
And, when UTRM moves, it really moves. Has traded much higher (.15) within past 6 months.
Next week will be a better week for the PPS, IMO.
Great new videos and information up on the calmarett.com website. Also, checked back with Mr. Johnson (IR) in follow-up to my inquiry with him last week. He indicated that they have made excellent progress on obtaining the GSA permit to sell to the Federal Govt., i.e. Dept. of Defense and Veterans Affairs. IMO, this bodes well for the near term prospects in terms of the ability to sell the machine to the government. He also indicated that the company plans to issue an update soon. I think patience is the key here.
Thanks.
Nice positive day, but we need to see more like this. IMO, there were several interesting aspects of note in the trading today. The vast majority of trades were between .125 and .14, and there was hardly any volume lower than that other than 1 miniscule sell of hardly any volume that took the PPS from .14 to .10 at one point. That the stock could go up 27% on such low $$$ volume on the day (less than $25,000) is a real positive and indicates the lack of any real sellers. Think of what we could see if there is some positive news, or some serious $$$ comes into the stock.
Nice to see the volume picking up and to see the large block trade earlier today. I would like to see us test the recent resistance at 2.10 again.
That's better - Bid now .13 Ask .14
MM's must be playing games. With a low trade of .11 for the day, and with the vast majority of the 114,400 shares of volume trading between .125 and .13 they still have the bid at .10 with a .04 spread between the bid and ask of .14. MM's must know something and be trying to clip some $$$$
And, did you notice a while back that all of the volume for the day was at .033, and then someone does a $150 sell side trade at the bid of .0301. Who in their right mind would sell $150 of stock at this price?
Good points HH. And, thanks for answering the question on the ordered units. I have not ordered one, so would not know. You can see that the hard selling is gone just from a study of the trading.
Thanks surf. These reports will look a lot better after Zenvia gets full FDA approval.
Anyone have a good projected date for the release of the 10-Q? If this was just a typical quarter I would expect it next week, around 2/9 - 2/10, but the annual typically comes out later, i.e. last year it was filed on March 16. I would hope it could be sooner this year.
Agree. It is not currently reflective of the true value here.
It appears to me from the trading data that the significant selling of the past weeks has subsided. Looking for more bright days ahead for UTRM.
At this rate we may hit $2.50 this afternoon.
Whatever it was, the slow steady climb from 2.25 to 2.29 over the last 30 minutes or so has come on light volume. Good sign. Think where we can go if we get some real volume.
Yes. the block trade is nice, but volume is otherwise pretty light (that block is 25% of volume today). We should move up sharply if we get a significant increase in volume.
HH: yes on both accounts. I also want to see what the stock does with some decent $$$ volume. Share volume is not meaningful here. At this price level 2 Million shares is less than $65,000, which is nothing in the scheme of one overall trading day.
Thanks Clay. Your input is always appreciated.
Decent day - looks like the heavy selling has subsided. Re: earlier mention by a poster that I had posted about UTRM on other boards - Yes, I did ask Clay Trader (Charts are Coooool) for a chart analysis of UTRM, as I thought the timing was good for this. Clay is well known for his excellent charts and chart analysis within IHUB. I also noted the recent trade and action in UTRM on certain specialized momentum/breakout boards, as this would be of interest to the members on those boards. There was nothing innappropriate with those posts on boards not devoted to a particular stock. And, it never hurts with a micro-cap developing company like UTRM to expose it to others, i.e. it does not hurt to attract new interest and new $$$ to the stock.
Nice increase in the PPS into the close, on what was actually light volume. That could be a good sign going into tomorrow.
UTRM bouncing back up hard.
UTRM breaking out hard from recent bottom.