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We also need to remember that this is not a mature company hitting a 52-week low this week, but rather a small startup getting ready to ship its new, potentially game changing product for the first time. I do not like the current PPS, but believe patience is the key right now.
Slo: why don't you call IR (they do answer the direct line we gave you)? In response to my inquiry as to what the company is doing, IR indicates that they are getting geared up to fill and ship the orders coming in on the on-line order site, and from the recent dental meeting, which orders should begin to ship right after the first of the year. IR again states that no insider has or is selling stock, as all stock held by current insiders is restricted and cannot currently be traded. They do not know who may be selling the stock.
I think someone was onto something, however, on this board a while back, in stating that there can't be too many possibilities out there who would have a large block of stock to sell at these levels, or to give away to PSC, etc. But, if you trace back through the reports, it appears that at the time of the reverse merger/reverse split the company was merged into a non-operating shell, and that the owner(s) of the shell received a block of stock in lieu of cash for the shell. But at what price? A low enough price to sell at these levels? Who knows? Just a guess, but could the individual or individuals who received that stock maybe be a good candidate for who is selling of late?
In any event, while the current situation and stock price is disappointing, it dawns on me that this may be a bittersweet opportunity for anyone with enough guts to buy more stock in large quantities at this price. I am tapped out right now, but I never thought there would be an opportuninty to double your money in this stock at .075 - .08 per share. I wish I had not spent my UTRM wad at .062 - .074.
I do too HH, but let's hope so. This business of seemingly setting a new 52-week low evey day is getting old. Particularly when this month was supposed to be such a breakout month for the stock following the big dental meeting in New York. I plan to contact IR today to inquire as to what the company plans to do to stem the tide of the dropping stock price.
Agree with you louisa. It is pure Hell rding this roller coaster. But I will hold for the long term, as I only need to get back up to .38 to get back to even.
I have not seen anyone "hyping" this stock of late.
It is my understanding that they are continuing to sell the original ballast product. According to IR there have been ongoing installations of the original ballast product.
I have owned WAVX for over 10 years. Nice to see the action of late. Is this becoming a momentum stock? We may have to call attention to WAVX on some of the IHUB momentum and breakout boards.
Interesting. Sounds like a major player doing some bottom fishing. What price was he in on the bid? At some point in the not to distant future (when the Q comes out) he may hopefully have to up his bid if he wants that much stock. P.S. I increased my position today at 2.039/sh. I look at this as a great buying opportunity on a timely investment, getting in well below where the insiders were recently buying the stock earlier this fall.
They also require patience, and fare better when there are patient long term investors involved, as opposed to short term traders. Things will sift out here, and the new year should bring significant orders.
Thanks for the info. Good point, in that better to have the seller out before expected positive news.
Seems to have stabilized aroung .044 Still very disappointing, but let's also remember that the total dollar volume of today's trading as of noon Eastern Time was only around $25,000, i.e. not that significant in terms of the big picture long term.
I think what Mr. Hogue brings to the table is both experience and expertise in a number of areas, and more important, his excellent contacts with regard to significant new financing or a strategic investor. We all realize that additional capital will be needed to roll out the new products on the scale that management wants to move forward, and in the manner many of us believe needs to take place.
Agree Southern. The lack of any significant news or follow through from the show in New York last week is disappointing. It appears there is either someone with significant shares selling, or there are a lot of short term traders throwing in the towel. This apparently will take more time and patience, but I still think the product is a breakthrough product, and it sounds like the pre-orders taken at the convention may have been significant from some reports. It would be nice to get some concrete figures though.
Looked like one major chunk sold off right near open. Back up above $2.00 shortly thereafter. I predict that whoever sold off a chunk today will look pretty silly within a few weeks when the expected Q report comes out. This should be the initial quarter of significant revenue based on the 17 units shipped right near the end of the quarter. And, it should only improve dramatically from there.
I have talked with him. He is the one who responded to my inquiries last week. P.S. sorry about the multiple posts. I have to remember this is not like going through e-mails and responding to every one.
Slo: I gave you everything in my reply last week (Post #866)
I gave Slo the phone number in post #866 last week.
Slo: I gave you the telphone number and the e-mail address in my earlier post on Friday.
Madam Moderator: You are far too negative. Chill out. Call off the Coast Guard. Erickson and Hirschbach are alive and well here in Lincoln, and were last reported to be working very hard to move this company forward.
Like when I had the specific question earlier this week and called IR to inquire as to the truth of your claims that the company was paying PSC to promote the stock, and that insiders were selling, neither of which was true.
I am sure they will tell you the same thing they told me. I believe it to be true, as they could get in a lot of trouble for being less than truthful. And, I have never seen one of these micro-cap development stage companies where the insider stock wasn't restricted following issuance of new shares.
"at a minimum" - ditto. I think things are really starting to get going with this company right now.
Also Slo, you should research this a bit. I think it is more of a legal issue on the restricted stock. I think any time a company like this issues new stock to the public through an IPO, etc., the shares held by insiders are restricted for a specified period. Unless you can show me some evidence to the contrary, I will go with what IR told me.
Yes. Or call IR directly at (404)261-1196. I know you have been around for a while, so I assumed you had already corresponded with IR and the company, as the e-mail address and invitation to receive updates is included in every Press Release, as noted below in the material from the most recent PR. By the way, I asked about this recently and was informed that there are literally hundreds of investors that have opted in to receivng the periodic updates on UTRM from IR:
To be included in the company's database for company updates, press release and industry developments, investors and shareholders should send their e-mails to IR@unitedtreatmentcenters.com.
I don't know who, if anyone, made a payment. It could have been anyone (3d party), but likely a large shareholder. I do believe the company and its Invester Relations firm (IR) when my inquiries were answered with a very emphatic denial that the comapny had ever paid PSC or anyone else to promote the stock, and that all of the stock held by current management and insiders is restricted and cannot be sold or traded.
These exchanges are pointless. The key fact here is that regardless of the issue of PSC, the company itself has not been involved, and neither the company, nor any current insider, has ever been involved in paying anyone to promote the stock. Nor has there been any selling by any current insider, as the stock is all restricted. I will choose to focus on other issues with regard to UTRM.
Looks like our new pain therapy medical device may be getting another boost, via potential new restrictions on painkilling drugs:
Drugmakers, FDA move to curb painkiller abuse
By MATTHEW PERRONE , 12.04.09, 10:29 AM EST
WASHINGTON --
Pharmaceutical executives are laying out plans to prevent the misuse of prescription painkillers, under pressure from regulators trying to prevent hundreds of fatal overdoses each year.
Johnson & Johnson, King Pharmaceuticals and other drugmakers want to use patient medication guides, letters to doctors and additional physician training to curb inappropriate use and prescribing of painkillers.
The Food and Drug Administration sent letters to 16 drugmakers in February ordering them to design so-called risk management plans for their drugs. The companies are now presenting their joint proposal to the agency.
The companies produce 24 opioid drugs - including morphine, oxycodone and methadone - which are often abused for their euphoric effect.
Interesting early trade data for this morning:
UNITED TREATMENT CEN - Nasdaq: UTRM
Time & Sales most recent next page
Rec. Time Action Price Volume
9:49:24 AM Trade 0.05 334
9:48:55 AM Trade 0.05 20000
9:38:13 AM Trade 0.05 18000
9:33:25 AM Trade 0.05 1600
9:30:39 AM Trade 0.05 61700
9:30:35 AM Trade 0.05 1500
9:30:13 AM Trade 0.05 38000
9:30:13 AM Trade 0.05 2500
9:30:13 AM Trade 0.05 2000
9:30:13 AM Trade 0.05 200
9:30:13 AM Trade 0.05 200
9:30:11 AM Trade 0.049 10500
HH: Thanks for the thoughts. I could not agree more. We need to get through the short term traders and hopefully get more stock in the hands of long term investors. These pinks are tough, but if you find the right ones you can profit handsomely, which is what I plan to do. Just wish I had waited, but .06 looked like great support at the bottom a couple of weeks ago. Thanks for the reports from the convention - great stuff!
Hasn't done anything for the stock. Looks like the bottom is falling out of this thing.
Thanks for the info. I think a lot of things are about to break positive for CTT.
New York Times Article this morning (couldn't get the nice color picture of the product to copy):
The New York Times City Room
December 3, 2009, 7:30 am
Brush Your Teeth and Conserve Water
By JENNIFER 8. LEE
United Treatment Centers A New York company is offering a water-free toothbrush, which uses liquid toothpaste that comes in a cartridge.
It’s a daily ritual ingrained into Americans since childhood: brush your teeth twice a day (three times if you do the after-lunch thing). And for nearly all Americans it involves three things: a toothbrush, toothpaste and water.
But now a New York company says it can do away with the water, introducing a mechanized toothbrush that uses a liquid toothpaste (is it paste if it’s liquid?) that can be spit out called the Aquafree Toothbrush The company, United Treatment Centers, unveiled the product at a dental convention at the Jacob K. Javits Convention Center this week and says it plans to give 100,000 of its toothbrushes to New York schoolchildren.
But why do away with the water?
Todd Cinelli, one of the inventors, said that the original motivation was both environmental and hygienic. He and his partner, Frank Ottaviani, became interested in the dental business when they built mobile dental clinics for underserved neighborhoods.
They were concerned about the gallons of water that was wasted whenever people left the faucet running while brushing their teeth. And Mr. Cinelli said he became sick once during a trip to Mexico because of the water he used to brush his teeth. “That prompted me to say, ‘Hey. is there a good way to do this?’” Access to clean water is a big concern in many developing nations, which makes dental care a vexing problem.
Mr. Cinelli said they discovered that Procter & Gamble had created a liquid toothpaste in the late 1930s that it never brought to market, in part because researchers could not figure out how to apply it to teeth.
Instead, companies decided to go with a paste, which could be applied with a brush, which became the modern toothpaste and toothbrush we know today. If you think liquid toothpaste is odd, during the 18th century, toothpaste was mostly toothpowder, dry cleansers that included ingredients like ground charcoal.
Inspired, the two created a liquid toothpaste, which is injected by the mechanized toothbrush. The toothpaste comes in a cartridge that is good for 30 uses and must be regularly replaced. (Hmm . . . the business model is sounding a bit like the one for razors and razor blades model).
Once they started marketing their product, they were surprised at interest from various groups: the military, cancer hospitals, amputees, arthritis sufferers. “We’ve had dialogue from heads of states, all the way down to privates in Afghanistan e-mailing us,” he said. “The experience has been kind of mind-blowing.”
Brushing teeth in places like Afghanistan and Iraq is relatively difficult for soldiers. Some of them, after discovering the company’s Web site, e-mailed Mr. Cinelli directly. “They carry bottles of water around to brush their teeth,” Mr. Cinelli said.
One appeal of the the liquid toothpaste is that it is good at treating dry mouth, that cottony feeling that comes from a lack of saliva. It is common to soldiers who are stressed on the battlefield and cancer patients undergoing chemotherapy.
The military has actually played a critical role in the the history of clean American mouths. As odd it may be to think today when dental products often occupy an aisle in the drug store, brushing regularly was not a habit in the first part of the 20th century.
It changed after World War II, when returning soldiers brought the military discipline of brushing twice a day back home to the States.
Reference Link: http://cityroom.blogs.nytimes.com/
I hold my substantial position at PPS of .066, and am a long term holder. I think within a couple of months we will all look back on this period and wish we had loaded up even more anywhere down here below .08
Mr. Falk sold the 25,000 sh for .30 on 10/27. The report dated today also shows that his current direct and beneficial holdings in PTSC total 2,722,731 shares.
Or, he could be selling to transact an option at a lower price.
The biggest disappointment to me is that this was to be such a great long-awaited week for this company and stock, and everything has been overshadowed by the PSC stuff and this New York councilman and his contoversial announcement, as opposed to positive concrete developments out of the ADA meeting. I think that will come, but it will now take some time to fill the gap created by the illusory run in the stock yesterday. We must remember, however, that there is a buyer for every seller right now. Hopefully we will get more long term investors in the stock, as opposed to short term traders, pumpers and those who want to manipulate the stock.
Ask Councilman Rivera. I only responded to your question with what I understood the purpose to be.
Need more and better news on this stock and company. Hopefully the quarterly earnings report will be forthcoming soon.
I think they have water, but according to the UPI newswire, the goal is conserve 2 Million gallons of water per day:
Waterless toothbrush makes big splash
Published: Dec. 1, 2009
NEW YORK, Dec. 1 (UPI) -- A toothbrush that uses no water for rinsing will be unveiled by a New York City councilman at a dental convention, officials said.
Councilman Joel Rivera, chairman of New York City's Health Committee, said in 2006 the U.S. Environmental Protection Agency estimated the average citizen wasted 2 gallons of water daily as part of brushing teeth and oral hygiene.
The annual Greater New York Dental Meeting and Convention of some 57,000 healthcare professionals is being held at the Jacob Javitz Center. Rivera and environmentalist are scheduled to hold a news conference Wednesday.
More than 100,000 of the new toothbrushes will be handed out to local school children in New York City and Long Island in the upcoming months to conserve more than 2 million gallons of water from local residents a day, Rivera said.
The Aqua Free Tooth brush -- www.aquafreetoothbrush.com -- is being produced by United Treatment Centers Inc., a Big Apple company with offices in Manhattan, Queens and Long Island and is the brain child of local entrepreneurs and health professionals, Todd Spinelli and Frank Ottaviani.
More than 2 billion people in the world don't have access to sanitary water and the Aqua Free Tooth Brush could provide a healthy alternative as well as contribute to the well being of others in which water conservation is mandatory, Spinelli and Ottaviani said.
Reference Link: http://www.upi.com/Health_News/2009/12/01/Waterless-toothbrush-makes-big-splash/UPI-66541259693711/
lids: You raised an interesting issue, so I called IR to inquire. IR states that there have not been, and will not be, any delays in shipping actual orders for the brushes. The 100,000 brushes to be distributed to the New York School kids will be donated, but over a period of 12-18 months starting early next year. It is viewed by the company as a PR move, and to bring positive exposure to the company. So, yes they are not being sold, but rather donated at a projected rate of 6,000+ brushes a month starting next year. At least that is what I gleaned from the conversation.