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Why do you think moving to OTC will change anything?
MM's are still MM's.
Message still on Yahoo.
CCMJ breakout here? Looking good today so maybe news of R/M finally coming out soon.
Good luck to those of us in it.
Right after financials are filed at end of month they will request move.
How do you know it is naked shorting?
LCC Announces $8.9 Million in Recent Wins for Engineering, Optimization and Benchmarking Services
LCC Announces $8.9 Million in Recent Wins for Engineering, Optimization and
Benchmarking Services
MCLEAN, Va., Sep 18, 2008 (BUSINESS WIRE) -- LCC International, Inc. (LCCI), a
leader in advanced wireless services and solutions, announced today that it has
recently received contracts totaling $8.9 million for engineering, optimization
and benchmarking services.
LCC Pakistan, operating in a market that has shown considerable growth during the
past two years, has recently been awarded a contract renewal for another year
from a tier one wireless operator and signed multiple contracts with one of the
largest radio access network providers in the region. The scope of these
contracts primarily covers radio network planning, radio network optimization,
field drive testing and in-building planning and optimization. These contract
wins exemplify LCC's strength in the region and highlights the need of the
operators in this region for wireless engineering expertise.
LCC's America's region has recently received contracts from tier one wireless
operators for performing turnkey 3G design and UMTS optimization services for
several markets across the United States. The America's region, which includes
Mexico, also received a contract for performing GSM optimization and UMTS
pre-launch optimization services for a large equipment manufacturer in Mexico.
"We remain committed to improving the company's performance by fully executing on
our global cost cutting strategy and building a business based on sustainable
revenues. I believe it is important to highlight these recent wins as they
underscore our focus on achieving incremental organic revenue growth," said Kenny
Young, President and CEO of LCC. "In many of our markets, and specifically in
Pakistan, we continue to realize renewable and recurring revenues which supports
our confidence that we can achieve organic growth and the proper balance needed
to provide optimal service to our customers while delivering real shareholder
value."
About LCC International, Inc.
Celebrating 25 years in the wireless industry, LCC International (LCCI) is the
recognized leader in providing wireless voice and data turn-key services to the
telecommunications industry. Our service offering includes network services,
business consulting, tools-based solutions, and training through our
world-renowned Wireless Institute. The Company has worked with all major access
technologies (including UMTS, EV-DO, HSDPA and WiMAX) and has participated in the
success of some of the most sophisticated wireless systems in the world. LCC is
unique in its ability to provide comprehensive turnkey services to wireless
operators around the world. We bring local knowledge and global capabilities to
our customers, offering innovative solutions, insight into cutting-edge
developments and delivering solutions that increase business efficiencies. News
and additional information are available at http://www.lcc.com.
Cautionary Note regarding forward-looking statements under the Private Securities
Litigation Reform Act of 1995:
Information in this release regarding LCC's expectations, beliefs, and intentions
are forward-looking statements that involve risks and uncertainties. All
forward-looking statements included in this release are based upon information
available to LCC as of the date of this release, which may change, and LCC
assumes no obligation to update any such forward-looking statement. These
statements are not guarantees. Factors that could cause or contribute to
differences from such expectations include, but are not limited to risks
associated with international operations, challenges and costs arising from
integration of new operations and other factors that may affect our business are
discussed in LCC's filings with the Securities and Exchange Commission, including
our most recent annual report on Form 10-K and our quarterly reports on Form
10-Q.
SOURCE: LCC International, Inc.
LCC International, Inc.
Nancy Feeney
Area Vice President
+1 703-873-2077
nancy_feeney@lcc.com
And neither one of them gets back to you "promptly"
Persistance pays off!
Finally got some answers. Company is doing fine, actually, I think she said better than ever. Things have been moving pretty fast for them these past 2 weeks. Business is growing and they continue to work diligently to get all of their costs in line so I expect even more cost cutting announcements.
Quarterly filing will be on time. They should remain on Nasdaq until then because their filing of appeal takes priority over everything and puts the delisting on hold until appeal is addressed. But as mentioned in PR, company only appealed to allow them to get filing in and remain current to be eligible for the OTCBB. Once filing is in they will request move. They have already gotten a market maker to file the form 211 for this. So expect move to OTC right on heels of quarterly filing at end of September.
They are concerned with share price but have been informed by Nasdaq that nothing illegal is happening with trading of the stock. Nasdaq has been watching the trading closely because of the delisting notice and quick drop in price, and larger than normal trading volume..
Around 72% of stock was held by intitutions and was dropped when share price fell below a buck. I suspect the other 28% bailed when bottom fell out. Plus when you take in shorters that surely jumped on it when fall started, explains last weeks volume IMO. I suspect those 100 share whacks last week were part of shorters trying to lower pps to cover, again IMO.
She also said they are in Europe now working on more business. I think she said new ceo, or somebody up there was new, and was doing an excellent job righting the ship and getting this thing turned around.
She said no dilution!
I am trying to do this from memory so I hope I got it all correct. I was driving when she called so couldn't take notes. I wanted to share this so am doing the best I can under these circumstances.
Hopefully, we get an update out by the company to officially let everyone know they are doing fine and to outline their business plan for moving forward. Irregardless, I now think this will turn around when everyone sees the filing and will fly when it hits the OTCBB.
LMAO, I finally went to their directory and started dialing different people until I got a real person. Lady was extremely helpful and was going to call IR's cell phone and have her call me.
Persistence will hopefully pay off.
will do
Direct Phone: 703-873-2000
Primary IR Contact
Nancy O. Feeney
Area Vice President, Marketing Communications and External Relations
LCC International, Inc.
7900 Westpark Dr., Suite A-315
McLean, VA 22102
Phone: 703-873-2077
E-mail: nancy_feeney@lcc.com
Email LCC's Board of Directors: lccbod@lcc.com.
Good luck trying to call them to. IR won't respond and direct number puts you to answering machine hell.
lccbod@lcc.com
FWIW I tried to email BOD thru email addy given on site. Bounced back undeliverable.
Whack, whack, whack
Crap, that usually means dilution but why? SOB's just secured $9m loan!
"...please leave a message and someone will return your call promptly"
I obviously have a different definition of promptly than they do.
Since they don't answer their phones we are kind of in the dark here.
This many days in a row red, and no idea how many more to come, doesn't bode well imo.
So if they did the share exchange on 8/22, wonder why no news. Is it possible they have their first acquisition to put in and this is why no news? Geesh, hopefully something is in the works that has kept them from releasing news.
or answering emails.
or returning calls.
They have surely been working on something this past year.
Or company puts out solid update about where they are going, why they chose to delist, and if/when they plan on uplisting back.
What they dont get is they now have to cater to the OTC investors which, for the most part, is an entirely different breed. All their NASD investors bailed on them and now they need to let OTC investors know why this is a good investment.
Anybody here ever talk to IR? I can't seem to connect with her.
I've been trying to reach IR all day. Will try again tomorrow.
I missed this, so you are right. As I said I was only offering this up as a possibility. I knew they didn't have to wait for .30 to sell them. But this confirms they aren't likely to sell since they pretty much have a controlling interest in the company in return for guaranteeing the loan.
Thanks for catching that and showing it.
I agree, they wouldn't guarantee the loan if they didn't believe in LCC. My point was there is nothing preventing them from selling their new common shares. Yes they could gain more by holding or could put $250k in their pocket for nothing more than guaranteeing the loan. And who is to say they don't have more shares than the 5m.
Look, I am not saying one of them did sell their position. I was just offering it up as a possibility for our current delimna. Millions and millions of shares traded in last 2 weeks, and PPS going down.
Yep, lowering rates is usually done to fight recessions. This new money "could" push us into early stages of inflation causing them to increase interest rates.
I think they took cautious step in holding to see what happens after this.
The 15M shares were issued to the parties that guaranteed the $9M loan with Bank of America when they renegotiated their payment terms and increased the loan.
Since the shares appeared to be issued for only guaranteeing the loan, and not as collateral to the bank, then these guys can sell them whenever they want IMO. 5M shares at .05 is $250k. Not bad cash for nothing more than using their good credit to secure this money for LCCI. Of course, if it were me I would hold for over .30
It would appear they can sell them whenever they want since they were coverted to common shares.
But, wouldn't they have to file their intent to sell them since it is over 10% ownership?
I read its meaning that preferred shares were converted to common shares at a value of .30 giving them common shares to trade whenever they want (even for less than .30 price)
I know it would be retarded for them to sell them now but I figued they could if they wanted to.
Wonder if converted shares are being sold.
Have also sent an email to Hiro corp and called and left message. Hopefully SOMEBODY will get back to me....lol
Will share if they call.
I called and left my name and number twice yesterday and twice today.
Got a call into company. Lets see if they return my call.
CINN is back.
So, check my math here, if I follow you with $5k then I'll make $5M.
I'll play.
I wonder if company understands how much an update would boost this. They lost most of their NASD investors on delisting request. Now they have to play to a different type of investor, all of which are new to this play. An update would be huge IMO.
Good luck getting him to answer his phone or call you back.
I hope this means news is coming and MM's got wind of it.
Here comes .07
Where is the insider buying? If deal is done and waiting on permission from new R/M company to release news, where is insider buying!
2 hours ago you were pushing to buy. Make up your mind.
Looks like NSDQ will hold the bidwacker at .058. Good to have him supporting bid IMO.