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Looking at a 3 yr weekly chart shows plenty of upside in this reversal
I like the idea of this volume heading into fins...
we have the potential to see profits coming back..
the market has already priced in otherwise...a positive bottom line and some forward guidance puts this back at .003+
we've broken the downward trend.
considering it was at .0005 a month ago - I think you have to expect a little retracement into the runs.
Moving Forward..
JURY FEE PAID - that was quicker than the last time around - must have settled on something.
Exactly what has been shown on L2
MM have been putting up false walls and then removing themselves
There has been hardly any selling pressure at the end of the days
This stock has broken technical resistance with volume - next test is .0021 and honestly it appears it won't take much volume to move this up to .003 - we're in breakout territory now - leading into financials - I think somebody knows something.
Nite just drooped out CDEL taking over at .003!
MM are letting it run
Nite our AX moved the ask down to .0023 - I bet we hit there early next week. Bid support has been climbing.
possible this could run to the .003 - .0035 range - we were there before the 2 yr collapse
Broke resistance at .0014 / .0015 with volume
there was short interest reported march 14 - maybe has something to do with it
I could care less what they say..
as long as there is revenue and no debt I'm fine with owning this.
the same way they were creating revenue before...
it's been more through their services from what I can tell - not so much their technology.
just because weitzel is gone doesn't mean there is nobody that can run STS and get contracts. From what we've been told the relationships are still intact - which means we can expect similar contracts. They may not be huge deals - but as long as they can produce I'm fine so long as we can keep money in the bank and stay out of debt - which doesn't seem to be an issue with this company.
They didn't like the 1st answer?
Holding up progress?
I think you are right - this stock has been trying to make a MA cross for 2 years - this time looks better than each of the last 2 attempts. From a chartist point of view anyways - add in the potential from fins - which will have revenue on them (we've yet to see how they improve the bottom line) and court cases - this stock was holding steady at .003-.004 prior - and I see no reason why the company cannot generate the same revenue as before. Richard was just a person - everyone is replaceable - it's not like the business won't continue - jobs will still be there. There was a lot of pessimism built in- we will start to rebuild value here.
Bid is rising as well
.0012 resistance is turning to a nice support level
We should hold firm through the MA cross - if this stays thin - we could see nice action - hopefully build some liquidity back.
strong hits in the .0009/.0010 range a week or 2 ago - someone on the inside wants in at those levels.
Ask is thin and on the move.
going to be breaking the .0012 resistance and putting us on good ground to stay above the 200 day MA.
The catalyst will come once we get closer to the end of the trial and start getting some forward looking guidance. We haven't had that in a while and it shows - but we are getting closer. With so much skepticism built in, it only makes for a greater impact from speculation. Lets not forget a ~50% shareholder is gone - something has to be done about share structure - I'm sure they cannot tell us what they plan on doing... but as it appears right now the company would have no immediate need for a cash infusion - which only bodes well for shareholders - including JS
This should about sum up the court case for us...
The deal was financed primarily with common stock, requiring Evermedia to increase its authorized shares to finance the purchase. The companies will consolidate certain aspects of their businesses such as contract management, administrative functions and financial reporting while operations and division management will remain independent. Richard Weitzel will be named the new Chief Executive Officer of STS Evermedia Corporation, the parent of STS, and will also be a director at the Evermedia Group. The "change of command" will take place on or about 1 OCT 2009.
Regarding the acquisition, CEO of Evermedia Jonathan Sym stated: "This increased ownership of STS is a milestone event for us. This is the most significant event in our company's young history as it will allow us to participate in the revenues of a terrific company. With STS as a subsidiary and some recent agreements we have yet to announce, we look forward to posting strong third quarter financials.
This interpretation could be a little off.
I just saw an article about that and it clearly stated that the merger between Evermedia and STS allowed EVRM to bid for orders worth up to $80-$100 Mil ... it stated nothing of the sort as to what the valuation of the company is - that is obviously up to the market.
Then I have seen where JS posted the company is an asset worth $80-100 Mil...
EC-I400 is the company's first manufactured prototype. It is physical access control device using the iris (dual capture) as its primary verification and authentication protocol. It is equipped with a keypad and a closed circuit TV. This is a stand alone device and does not require a computer or server to operate.
As a supplier the guy may be a manufacturer who actually assembles them, packaging, distribution, or is at least associated with the companies supply chain in some fashion. Looks to me he's more so a vendor and might take orders for a manufacturer...
I dunno.. just something I hadn't come across before. Looks like it's current.
Anyone seen this?
Looks like we currently have a supplier in South Korea?
- says add posted Jan 18th
http://www.weiku.com/products/7472984/Iris_Recognition_Access_Control_System.html
http://www.alibaba.com/product-detail/Iris-Recognition-Access-Control-System_217079567.html
It's called book value
Positive revenues and no debt.
What happens next we do not know - how can we if nobody knows the outcome of all this? hypotheticals aren't going to be posted.
Anything that is presented after this is only going to boost the value of the company.
There is still a lot to learn about the share structure following the dissmissal of a founding shareholder/ceo
there is still upside in the unknown. Everyone has already taken the share value to the worst case senario.
Great News
Should clear the air a bit as to how the court views the case.
Interesting volume lately
support held pretty nice
let's see what this court case has in store...
after that we could get our much needed forward guidance everyone is flipping out about.
Regarding the last court posting:
The affirmative defense would be what one would expect to see..
It's basically saying Weitzel doesn't dispute the actions - he just believes he has the right ... Considering His company was bought by Evermedia - and is a publicly traded company , I don't see how a guy can take off with all the companies money. He would have to have some sort of substantial opt out clause in the initial contract - and I would think the investors would have to be knowledgeable to these things. I guess we'll see though.
How does revenues and No debt not provide reason for you to buy a share? This company has book value - and nearly every company trades above book value for upside potential - as long as the company keeps generating revenue that's all I need to know. The more you doubt the company and beat it down - the less you come to expect and the more upside potential there becomes.
You all were expecting Forward looking results out of the company in the CC? I personally wasn't looking for anything because I hadn't been here for a CC before - and obviously with the court case still in progress after 95% of their operating capital is gone what do you really expect.. let this pass - and if they win we will have operating capital and will likely get an update with forward guidance. Let the facts come out before you make assumptions and panic. Obviously the share price comes down when the ask is at or bellow the current price and the bid is constantly 50% bellow the current price - that is market makers not the company.
Here is my take:
The conference call basically started with a question right off the bat (it was about sequestration)- which was countered with the obvious first we'd like to thank everyone for their support and mentioned that the court case is a sensitive subject they can't really elaborate on. Then they answered the question about sequestration - essentially saying the same info they gave in the press release - that sequestration hurt all the businesses and in one case prevented some of our option years to be canceled. As time passes sequestration will be changing - which is why they are turning to private revenue (supposedly) - although they will be staying within their "comfort zone" - which is primarily in IT and engineering - and they won't be getting into anything new such as real-estate. That was about that.. another question was something to the effect of what's the biggest priority or interest moving forward - and that basically led into the court case - that they are waiting for that to be resolved and that it is a significant deal to the company - they said they are still heavily pursuing it, and that they feel like they have a strong case. They also mentioned a question about adding additions to the company or looking for partners or financing - and basically said they're always on the look-out and are in contact with people and investors - but it's something they're not really looking into at this time - as the court case is still a large unresolved issue - and is not something they are needing right now. Then he went on to mention the company has positive balance sheets, has no debt, and that is how they intend to keep it going forward and they are proud of the fact they can pay their bills. Oh and they were basically saying they have and continue to have a good relationship with Honeywell and with all the other partners they had prior to the Weitzel debacle - and that they have all been very supportive.
Personally - there wasn't any forward looking statements - but at the beginning they basically said they weren't going to. (they didn't even need a disclaimer thrown in)
I think the Release we had for this was just as informative if not more so - this was merely a reading from that in the form of a C.C.
I don't see the reasoning for changing a website - I doubt it has much business side use, it doesn't do anything for investors, kids in jr. high can make websites too... probably nicer ones at that.
That said - the CC wasn't bad - it wasn't good - it was more or less a waste of time. Nothing new, nothing detailed, nothing really upbeat, but the company has to be saying something. Honestly I didn't think there was all that much negative talk about Richard - it was basically just an issue and are waiting for results - until then their hands are somewhat tied.
Bottom Line - the company is still in the black and is debt free, and the company is looking to keep floating along until the court case is resolved - at that point they have more margin to work with (if it is a favorable decision) and can go from there.
The question is - what kind of revenue can the company make post Richard. Until Q4 comes out (I am expecting at least a couple sources of revenue that have been stated to be on there) it is a waiting game. But that's how this company chooses to operate - let the fins do the talking... and as of now - there is no debt and revenue coming in - which is more than most pinks can say.
Court Case Update
ORDER
DISBURSING ADDITIONAL INTERPLEAD FUNDS
JUDGE: RICHARD E. PRICE
VOL: 4179 PAGE: 2283 PAGE COUNT: 3
Possibly from interest and/or attorney fees?
- would mean this is just about wrapped up.
List of Sub-Companies for Contract 'N00178-04-D-4026 (CACI TECHNOLOGIES INC.)'
https://auction.seaport.navy.mil/Bid/PPCompanyListing.aspx?enc=DjsZFCGaKiq3eA5fpX+JQS3IlkSwNr+liWjbTU95uHq1NmJb1aE2gswUcNUnvfXIQfFK7t5tMrS3VLeV7RATdA==
The CACI Team is providing world class professional support services for all NAVSEA Program Executive Offices, Directorates, Warfare Centers and Field Activities utilizing the NAVSEA SeaPort Enhanced (SeaPort-e) Contract. The period of performance for SeaPort-e is April 5, 2004 through April 4, 2019 including award term options.Additionally, the CACI Team may provide limited support under this contract to other DoD, non-DoD or Joint Agencies for work that is integrally related to the product areas and missions of the Warfare Centers.
The scope of the CACI Team SeaPort-e contract spans all 12 Product Area Directorates (PADs). The CACI Team is qualified to provide services to each of the PADs, encompassing 21 Functional Areas, across all seven geographically diverse zones.
Nice Doo!
Signed/effective 09-19-2013... Should be on Q4 ?
topped the list of 253 offers (full&open competition)
Are Fins scheduled prior to CC?
ORDER
DISBURSING INTERPLEAD FUNDS SEVERING
INTERPLEADER ACTION AND FINAL JUDGMENT
OF DISCHARGE
JUDGE: JOHN D. GABRIEL, JR.
Agreed order in at least Waldroop's camp - and possibly Weitzel's camp - unless the last agreed order was a restatement of Waldroop's... that doesn't seem to be the case to me though.
I think it's essentially over - just waiting for it to be signed off on.
I'm even more curious to see how the company handles the share structure - that's an even bigger deal.
correction:
As I look at it again Weitzel's group (E. Garcia Law) sent an Agreed Order to EVRM's group (Dinah Gaines) ... I think...
They possibly agreed to one of the orders that were motioned or modified it and sent it to the courts and EVRM to be approved or rejected and move to a final motion...
Regarding the latest of the court releases:
Normally, whichever lawyer won on the motion prepares the proposed form of order. It is always possible that the lawyer preparing the order makes some mistake in wording or leavies something out that should be in, or adds something that shouldn't be in. In order to avoid this, most courts require the lawyer preparing the order to send a proposed form of order to the court and the other lawyer for review. Tho other lawyer has a right to object to the wordin. If no objection is made or if one is made and dealt with by the court, the proposed form of order is either signed as is or modified to become the final form of the order.
As I interpret this, A first order was requested by us to deposit the money with the court - Weitzel's lawyer sent a letter not to deposit his money with the court. Waldroop agreed to that order and asked to be dismissed. A second motion with a proposed order was made to disburse the remaining interpleader funds - that motion was allowed so as we stand now, the proposed order from our side has been given to the court and to Weitzels lawyer (dina gaines) to be reviewed. They can either accept our terms or modify the the order - which will become the final order.
Taking it another way, the motion may have just started..the proposed agreed order is probably the secretary's agreed order from earlier - not an agreement with the remaining interpleader funds so the rest is going to the courts decision - and they are also taking the secretaries agreement as part of the case - and dismissing her from the remaining interpleader funds. So I take back the thought of an agreement - I believe that's still to come...makes sense being that he didn't agree before when we tried settling.
Agreement was reached with secretary a while ago, this was for the interpleader funds (funds in dispute)- the bank has no claim to the money (why they asked to be dismissed). As soon as it is approved we should learn the details of it.
Looks like we've reached an Agreement.
MOTION TO
DISBURSE INTERPLEAD FUNDS AND FOR
SEVERANCE AND ENTRY OF FINAL JUDGMENT
OF DISCHARGE W/PROPOSED AGREED ORDER
FORWARDED TO DINA GAINES OFFICE FOR
REVIEW
Ok so I looked at the numbers again...
If Shareholder equity was ~$170,000 when the PPS was ~.0011, then if our shareholder equity with $1M added to our current ~$50,000 would put us at ~$1.05M ... which would put us at ~.0068 - assuming of course the relationship between our shareholder equity and PPS is 1:1.. which it truly isn't - but shareholder equity is book value - it gives a start anyway.
what would be your estimation?
They did find more instances than the initial $900k - including unauthorized corporate spending on personal expenses.
I found it interesting that STS management was the one that brought it to the attention of the board.
They were requiring full Vetting of their spending - obviously he didn't do this and wouldn't give the books to evermedia.
They are going after damages.
Waldroop has already agreed to $54,000
An Agreed Order refers to a written agreement submitted by the parties to a case resolving the issues between them. Once the agreed order is approved by the court and entered in its minutes, it becomes the order or decree of the court with all of the force and effect that any order would have after a full hearing prior to adjudication.
We already have at least that...
The rest of the interpleader is the money between us and Richard... thats what is going to be discussed. I also wonder if the severence is What Richard is asking for after being dismissed by the company?