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Anyone want to put bets on the MM running it up again this evening..? LOL
News out!
Ad Systems Communications, Inc. Opens Its Salt Lake City, Utah Sales Office
SALT LAKE CITY, Aug. 25 /PRNewswire-FirstCall/ -- Ad Systems Communications, Inc. (OTCQB: ADSY), a leading service provider of digital media and video communications for all major cable TV networks, announces the opening of its Salt Lake City, Utah sales office.
The necessity of a Salt Lake City, Utah cable TV ad sales office has become a fundamental requirement for Ad Systems Communications' continued growth. With the projected expansion of new cable TV systems in the months to come the company is thrilled to name Mr. John Leverich as VP of Sales in the Salt Lake City DMA. Ms. Mellissa Craig, Head of West Coast Sales, will continue to coordinate all national sales for the region. Only Ad Systems' innovative patent-pending technology offers a high level of market specificity to advertisers and combining Ms. Craig's experience and understanding of the industry along with Mr. Leverich's ability to match advertisers with potential clients, provides Ad Systems with unlimited revenue growth opportunity.
"After seeing the system growth and future opportunities we decided to bring Mr. Leverich into ad sales as he has been instrumental in signing system contracts and is very familiar with all of the markets we serve," comments Melissa Craig, Head of West Coast Sales for Ad Systems Communications, Inc.
About Ad Systems Communications, Inc.
Ad Systems Communications, Inc. is a digital media and video communications services Company which provides quality advertising inventory for all the major cable TV networks such as ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS and TNT by deploying its patent pending insertion and streaming media technology into the cable, satellite and IP television markets. The company derives revenue from this inventory by selling it to advertisers to insert both long and short form video commercials into highly targeted markets.
For more information, visit: http://www.adsystemscatv.com/.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the` words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
Hopefully we wont see a dump at 3:58 like we normally do.
List of MM names
Not that it really matters, but here is a list of MM names as well.
AANA - ABNO Amro
ADAM - Adams, Harkness & Hill
ADVS - Advest
AGED - A.G. Edwards
AGIS - Aegis Capital
ARCA - Archipelago ECN
ATTN - Attain ECN
B
BANC - Banc One Securities
BEST - Bear, Sterns
BRUT - The Brass Utility ECN
BTRD - Bloomberg TradeBook ECN
C
CANT - Cantor Fitzgerald
CIBC - CIBC World Markets
COST - Coastal Securities
COWN - Societe Generale Securities
CRTC - Credit Research and Trading
CRUT - Cruttenden Roth
D
DAIN - Dain Rauscher
DBKS - Deutsch Bank Securities
DJLP - Donaldson, Lufkin & Jenrette Securities
F
FAHN - Fahnestock
FBCO - Credit Suisse First Boston
FCAP - First Union Capital Markets
FLTT - Fleet
FRAN - WM. V. Frankel
G
GKMC - Gerard Klauer Mattison
GRUN - Gruntal
GSCO - Goldman, Sachs
H
HMQT - Hambrecht & Quist
HRZG - Herzog, Heine & Geduld
HSBC - HSBC Securities
I
INCA - Instinet ECN
ISLD - Island ECN
J
JBOC - JB Oxford
JEF - Jefferies
JOSE - Josephthal
JPMS - JP Morgan Securities
K
KBRO - Kaufman Brothers
KCMO - Security Investment Company of Kansas City
L
LAZA - Lazard Freres
LEGG - Legg Mason
LEHM - Lehman Brothers
LTCO - Ladenburg, Thalman
M
MADF - Bernard L. Madoff
MASH - Mayer & Schweitzer
MDLD - McDonald Securities
MDSN - Madison Securities
MHMY - M.H. Meyerson
MLCO - Merrill Lynch
MLVN - Melvin Securities
MONT - Banc of America Securities
MSCO - Morgan Stanley
MWSE - Chicago Stock Exchange
N
NEED - Needham
NFSC - National Financial Services
NITE - Knight Securities
O
OLDE - Olde Discount
P
PERT - Pershing Trading
PFSI - Penson Financial
PRUS - Prudential Securities
PWJC - PaineWebber
R
RAJA - Raymond James
RAMS - Ramius Securities
REDI - REDIBook ECN
RSSF - Banc Boston Robertson Stephens
RYAN - Ryan, Beck
S
SBSH - Salomon Smith Barney
SELZ - ING Barings Furman Selz
SHWD - Sherwood Securities
SLKC - Spear, Leeds & Kellogg
SNDS - Sands Brothers
SNDV - Soundview
STRK - Strike ECN
SWST - Southwest Securities
T
TWPT - Thomas Weisel
TWTR - Thornwater
V
VCAP - Vanguard Capital
VKCO - First Security Van Casper
VOLP - Volpe Brown Whelan
W
WARR - Warburg, Dillon Read
WEDB - Wedbush Morgan
WEED - Weeden
WMIN - Westminster Securities
For newbies.. What is a MM?
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
http://www.internetplays.com/education/marketmaker.php
Ranger1 I agree with Bagrat - MM's playing.
IMO the MM's wont be able to hold the stock down, but I do think you are going to have to wait till the end of next quarter before this really takes off. The 10q was definitely good news to me when I read it.
ADSY Just awesome....
"We are ready to expand this customer base with 195 additional multi-year contracts that have already been signed, increasing our installed base to 824,400 in 2010, and 4,255,200 in 2011. Additionally, we have the potential of signing multiple five-year contracts which are pending execution, which, when and if concluded, would increase the company’s installed base to over 11,671,299 in 2012 and 22,135,200 in 2013. We anticipate monthly revenues to parallel industry averages once fully deployed, which is $4 to $6 per subscriber at this time."
10q is now filed. LOL
I thought about it all day, really all weekend. I am sure they just lost a lot of investor confidence. IMO we will see even lower numbers tomorrow if a 10q isn't released tonight.
Information on late filing - not late yet
Ok guys here is the information for the filing.
http://www.secfile.net/SEC_calendar.htm
*If a filing due date falls on a weekend or SEC holiday, the filing is due on the following business day.
*The EDGAR system hours of operation for submitting files are 6:00 a.m. to 10:00 p.m. Eastern Time, weekdays, excluding Federal Holidays. Files submitted after 5:30 p.m. Eastern (with the exception of Section 16 filings) will receive the next business day's filing date.
*Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.
So reading this, it would appear they have until 10pm on Monday if I understand this correctly.
.
Funny, I thought I was the only who stayed up late to see if there was a filing... I'm going to look into it some more. see you in the morning.
agreed. I would have liked to see it today, but that doesn't look like its going to happen. hopefully @ 7am Monday the will announce it.
You know what would make today perfect. News after the bell.
Found this story today.
http://www.digitaltrends.com/home-theater/viewers-could-see-google-ads-on-directv-soon/
pretty interesting read.
I wonder if google would consider using ad systems communications tech to insert local ads...
All tomorrow is going to be big day. get your rest tonight!
looks like another push to put up to 4 is coming up.
I am really excited about this new upward movement. We should see some new interest in this stock.
ADSY ready to explode
This stock is just taking off today with no news... something has to be up.
Stock up on ad systems communications inc.
Normally you don't see a stock jump like this for no reason. There always a reason, we just haven't gotten wind of it yet. A buyout, news or something else may be coming... only time will tell. whoever is buying the shares doesnt seem worried about the price, otherwise you would see a buy sell pattern, but it's most buy, buy, buy, with what appears to be some profit taking.
Kicking Myself for not stockin up
Man I am kicking myself right now for not stocking up when it hit 3. But that's ok, I still have the shares I got at 4 and I am glad to see the trades look like a rocket ship taking off. up, up and up!
Take it easy today. IMO we will see the stock dip below the 3 today, but I doubt it will stay there for very long. It looks like we are finally starting to see a sideways trend. News could pop it up, but I dont think we will see any news today or tomorrow. I would like to see some Friday after the close or just before.
I'm going to wait until Thursday/Friday Morning to purchase some more shares. I just feel like Friday will be a good day, but until then I am just going to relax and take it easy.
Old post - Reasons to buy
Found this old post of reasons to buy adsy
http://www.infohighway4u.com/ADSY/2010_05_18_landing.html?c=FP&s=ADSY&d=2010_05_25&l=148
Check it out. It looks even better now with a lower price and more subscribers. This is really a stealth stock waiting to explode in my opinion.
Geoiguy1 I assume you are referring to my posts since they were the only ones that didnt cast ADSY in a good light.
The fact is that ADSY has been heading down, and volume has been drying up. I'm just keeping things real.
WOW seems this CEO can't file any paperwork on time...
http://ih.advfn.com/p.php?pid=nmona&article=43964230&symbol=NB%5ETWYA
Information you should have
J. Michael Heil, age 54, Heil has been involved with building, owning and operating Cable Television systems, Satellite Broadcast Networks, Communication Companies and internet based video streaming businesses since 1980. From 1980 to 1985 he owned, built and operated cable TV systems in Arizona that he sold to Cable America and Times Mirror Inc. In 1984 he started a pay-per-view television company with financing from Pacific Power Financial Services; which within two years sold to a Canadian Public Company, Television Entertainment Network where he worked as Chairman and CEO until 1989. In 1990, Mr. Heil first consulted and then went to work for Washington D.C. based COMSAT as Director of Operations. At that time, COMSAT was the world's largest operator of orbiting geostationary satellites and Satellite delivered Hotel Pay-Per- View Systems. In 1994, he formed a new organization, Skylink America Inc., with 240,000 subscriber satellite pay- per- view business and moved it Oregon. After one year of operation he merged this business with a local cellular company that eventually sold to MCI. In 1995 he owned and managed a satellite transponder leasing company, Programming Services Inc. with leased time from Hughes Satellite. The company managed long term leased contracts for digital space segment with ATT, Broadcast International Inc and over a dozen Universities and start up niche networks. Programming Services also operated four digital networks and an uplink and playback facility. Mr. Heils Company up-linked the first digital video premium pay content after successfully contracting with all the major movie studios for content. In 1996 he was offered a position as chairman and CEO of a Bulletin Board public company which he quickly built into AMEX Company, C3D Television Inc. C3D created a worldwide patented technology that produced television special effects programming content. C3D was sold to a Korean media provider in 2000. In 2001 Mr. Heil was operating a start-up wireless broadband internet business which merged into a new wireless internet start-up, Corridor Communications Inc. which was acquired by Amnis Systems Inc. a high end video streaming company out of Palo Alto California. Mr. Heil became the CEO and went on building the company becoming a cable MSO with the acquisition of 27 franchise cable systems. In May of 2006 Mr. Heil joined Ad Systems Communication Inc. as its CEO and began rebuilding the company's core business plan from the ground up. After 24 months of new technology development, beta launches in the lab and field and the filing of the company's patent application he launched Ad Systems new technology as a turnkey spot cable operator with new state-of the-art technology. In 2007 he started Speedpal Broadband Inc. a wireless internet and Media delivery business focused on the rural and tier 2 and tier 3 markets.
I read a article that made it sound like he got fired from corridor communications Inc.
Does anyone have any more information on ad systems CEO? They don't have a picture of him on their website which I find alarming.
The more I dig into to ad systems the more concerned I get that my money may not be safe.
I took another look at this stock since it doing some crazy things and thought I would bullet point some key factors about the trend this stock is taking.
o Last Hour today the Close was above 5 Hour Moving Average
o There was a new 3 Day Low on Monday
o Last Price is Below 20 Day Moving Average
o There was a New 3 Week High, Week Ending July 31st (which was after the split)
I think we are still going to see a downward trend for a another week. I'm really torn between selling and getting back in at a lower price, or just letting my shares ride and purchasing more after I start to see a upward trend.
good time to increase position.
It a good time to increase your position right now, atleast that's what I ended up doing. while I don't have any hard evidence, I really feel this stock is going to pop back up today.
Even though is dropping this morning, IMO we will even out before the day is over. It appears a few people holding onto the bigger shares are dropping and smaller share purchases are eating those up. give it a little time to rebound today. People are just looking for thier entry. we should see some good volume on the stock today.
Just got in on this one and I am excited. Even with the volume falling off, this is a promising looking stock. I have seen other stocks like this that have made a good run up.