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Today's 10K pr confirms AVEE's low o/s.
http://cbs.marketwatch.com/tools/quotes/quotes.asp?symb=AVEE&vc=True&siteid=mktw&dist=dr...
AVEE - Kasha on the "Breakout Trading" board called this.
1.9M float. In doing DD, they are a revenue generating (over $5 million last year) and profitable as well!.
Kasha states 69% of the shares are owned by insiders.
Their has been very little volume until today and I think the MM's simply have no shares to sell. The B/A was very very strange the last 1/2 hour in a way that was telling me the MM's had no shares. Charts shows this stock in the $2.50-3.00 when it had no volume. With attention and volume which this is starting to get, this could bring a very nice return.
Expect MM's to freeze trading to try anyway possible to get shares. I would suggest if you decide based on your DD to buy, watch the trading for 15-20 minutes to see how strange it has been, which in my layman's eye is telling me they are short on shares as volume like this has not been seen recently. : )
http://cbs.marketwatch.com/tools/quotes/quotes.asp?symb=avee&vc=0&siteid=mktw&dist=dropm....
All IMO
Bo
AVEE now!
AVEE- Kasha, are you showing 1.35/1.30?
Revenue generating, profitable e-business company.
It seems this is their first day of any real volume at all.
Also, if you have seen this bid change, well that has been me. I have been over the ask and equal to the ask with no fill. $1.40 is the only fill they are allowing, but they are only showing $1.30 on the ask.
THEY HAVE NO SHARES TO SELL!! : )
Possibly a great call here.
Bo
CKPI-O/S less than 15m. Afterhours Paris Hilton news yesterday.
Downticking at the bell (-.02) so just keep on close watch for now. Bo
(PS...the last 10QSB to the SEC showed an o/s of 10.66mil. They registered shares after this (under 5 million) but it isn't clear if any of those were issued, so from what I can see the o/s is under 15 million but I'm not sure of the exact number.)
http://cbs.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1889842&guid=%7B1EB1....
..and today's profile by shazamstocks. http://profiles.shaazamstocks.com/ckpi/index.htm
Welcome to our comprehensive Profile on
Cedric Kushner Promotions, Inc.
Executive Highlights
“We build and control exciting content that people pay for.”
Jim Dilorenzo, Ckrush Entertainment Inc.
Cedric Kushner Promotions, Inc. (OTC: CKPI) was founded in 1974. The flagship division Ckrush Entertainment, was formed in July 2004, with three vertically-integrated divisions: Ckrush Entertainment, Ckrush Sports, and Ckrush Direct.
Cedric Kushner Promotions, however, is no start-up. Just ask Paris Hilton, star of Ckrush Entertainment’s latest production, “National Lampoon’s Pledge This!”
At its inception, Cedric Kushner Promotions was already reaching the consumption powerhouse of men, ages 18-44, with uncensored entertainment, sports, and products. This target demographic reaches more than 15 million (and counting) in the US alone with total spending conservatively estimated at $200 billion a year.
Cedric Kushner Promotion’s marketplace is virtually unlimited, with distribution of its properties occurring rapidly both domestically and internationally.
Ckrush Entertainment, the company’s flagship division, has accomplished what few, small independent production houses have ever achieved – it has managed a major motion picture from concept to
reality...
What’s more, Cedric Kushner Promotions opened its doors with a large and growing stock of intangible assets, including video and TV libraries and trademarks, as well as a world-class track record in and strong revenues from its boxing operations, and vast networks of contacts in both entertainment and sports. Leveraging those impressive assets, each of the Cedric Kushner Promotions divisions finalized lucrative, high-profile deals and launched new initiatives within their first few months of operation:
Beating the Odds in Independent Filmmaking
With its collective contacts and expertise, the Cedric Kushner Promotions management team landed an internationally-recognized star – Paris Hilton – and, with Hilton on board, licensed a major brand – National Lampoon. The team then signed the largest talent and literary agency in the world – William Morris Agency; negotiated all contracts and foreign rights; secured all financing; oversaw script development; and landed a major studio. The result is “National Lampoon’s Pledge This!” starring Paris Hilton, anticipated to be one of 2005's breakout hits!
That success has brought new attention and opportunity. Case in point – Ckrush Entertainment has also produced “Pauly Shore is Dead” starring Pauly Shore and featuring Ben Stiller, Sean Penn, Tom Sizemore, Chris Rock, Whoopi Goldberg, Heidi Fleiss, and Ellen DeGeneres, among other marquis names. Numerous other films are in various stages of development.
Of greater long-term significance, the company is finalizing plans to acquire, in whole or part, two film distribution companies. Those acquisitions will give the company control over a major film library, immediate, ongoing cash flow from continuous theatrical, DVD, video, and cable uses of its content, as well as the resources to handle national and international distribution of all projects.
In addition, working with Gary Gittlesohn, former President of Marvel Studios, the division plans to open a Los Angeles office this spring and launching an independent television production business. Gittlesohn, who has also joined the Cedric Kushner Promotions Advisory Board, offers Cedric Kushner Promotions unparalleled credibility in the industry and an unparalleled network of existing relationships with all major networks as well as A-List talent, producers, and directors.
Ckrush Entertainment’s operations will receive an added boost from two new sections of the Internal Revenue Code, which permit qualified films or television productions costing less than $15 million to expense production costs in the year incurred, and to deduct up to 9% of “qualified production activities income” for the taxable year.
Ckrush Sports Already a Major Player
Ckrush Sports division is capitalizing on the Cedric Kushner Promotions management team’s considerable experience in boxing management and promotion. Along with that expertise, the division’s assets include a library of more than 2,000 hours of professional boxing footage, making it a key content supplier to broadcast companies worldwide, such as HBO, Showtime, and Brazil’s GlobalSat. CKP has the exclusive promotional rights in some of the
worlds premier fighter's including David Tua, Shannon Briggs & Jameel McCline.
The division is also taking steps to expand into other sports arenas through other strategic partnerships.
Ckrush Direct Capitalizing on Consumer Products
Ckrush Direct, the consumer products arm of Cedric Kushner Promotions, Inc., licenses and markets products aimed at male consumers. It is particularly focused on leveraging the explosion in the DVD marketplace, especially among its male customers, who have a huge, global appetite for DVDs. Among its recent successes, Ckrush Direct licensed a raw, uncensored video series, “DV-Divas,” which it is selling on a subscription basis and broadcasting through a deal with iN DEMAND, the world’s largest provider of video-on-demand and pay-per-view TV programming. Many exciting products are in the pipeline, focused on delivering consumer products to the male sector, while creating cross-selling opportunities.
“This is a rare company with the total package,” explains Ckrush Entertainment President Jim DiLorenzo. “Each of our divisions has the resources and professional network to handle development, production, and distribution. We entered the marketplace with a proven ability to identify, lock down, and develop coveted content.”
With BWDI, there still is time for good entries.
They just filed today for an extention to file their 10Q. It's no biggie and done by big board companies all the time. However in this market, they may make the price even sweeter for a buy-in. I'd rather it goes up for all that are in in now, but the MM's will take advantage of anything to create selling pressure.
Still good entries if you're playing this mid to long term.
Bo
penny_ta, and forgive me for sounding like
a broken record, but I left another message both with the company and t/a this morning.
O/S again confirmed at ~1.9 million. 2-2 still listed as their last SEC filing.
Here's my take on it now that time has past. MM's used SHO to their advantage saying they will purposely remain short in this stock, regardless of what the true o/s is. They figure they have 13 days from being first listed to cover and they are betting that GLKCE would dilute by then. Remember they make money by shorting because they have the control and call the shots (name the price of each trade and the b/a).
So in effect they are saying, we don't care about the reverse split, SHO allows us time to trade as many shares as we want.
Only my opinion but it's as valid an explanation I can think of aside from some quiet issuance by the company that doesn't go through the T/A.
Bo
BCON news and breakout.
As I mentioned before, BCON is one of my "if I could park money in and not look at it for 3 years" stock.
Excellent news today. I conferred with my retired (but very active) power company executive that I discuss many big board plays. After showing him this play last week he moved in with a healthy position @ .90.
He states that the competetion to BCON's technology are large capacitors. Capacitors save power but installation costs are very high per megawatt. Superconductors may be the best theoretical solution in his opinion, but run the risk of crashing, partial failure or be subject to hacking.
However he fully believes that because of the recent NE power outages about 1.5 years ago, the government is definitely interested in a clean, reliable solution to maintain grid stability and ample storage of power.
If you're trading it, it's one to consider for an eod run and potential gap tomorrow.
I wish I could park money in them and forget them based on what my friend believes. He believes that some matrix of using both capacitors and flywheels could be an option, as it doesn't have to be a "100% flywheel or nothing" type system. The US Govt., state of NY and state of California seem to agree so far.
Bo
Another one on watch...
ALMI. Last .80, up .035 on the day.
Been in it since .42.
When you do DD, look at their chart, their website, their most recent newswire clips and check out the ALMI (Atlas Mining) board on IHUB for great info and insight.
IMO with nanotech companies coming out of the woodwork as they define the wave of the near future, no resource company is set up as well as ALMI. They are as cutting edge in what they do as GTEL and BCON are, possibly more.
GTG
Bo
Holding every share...
and smiling.
Still a good entry.
Your DD to come if positive will be serious fuel to a stock that traded well over .01 and for awhile, and over .03 within the last 6 months. Bo
Mach, doing DD as we speak and I agree.
Do you have a call into them this morning?
Volume is strong but it is a hard fill. : ) We have a strong play on our hands.
Bo
Mach, nice! If your call to them is
as rewarding as your work on XLPI, wow!
PYST was over .03 just 6 months ago!
XLPI is up to .063 by the way (up .005 on the day).
NWAU, SPRL, KNOH all doing well. 11am seems to be the Monday morning wake up call for the market. : )
Bo
It's Monday...
Thank God. On third thought I stick to every word of my post just after the bell on Friday. No apologies. I'll bite my tongue because what's that saying, if you don't have anything good to say don't say anything at all. After all that has been promised and undelivered, this to me is a peek at society which solidifies my belief that: To each his own in love and money.
Anyway, early radar is on real companies & opportunities.
For the morning gapper, BDWI. Gappers are funny, it could rise all day or gap for 10 minutes (pop and drop). This one seems to have more behind it and a chart showing past strength. Good luck to those in it from Friday. I wish I had a Friday chunk of it myself.
TYRIA may report earnings this week, so definitely on watch.
RMDC - low float (54 million o/s), important product in development and check out their last pr: http://bigcharts.marketwatch.com/news/articles.asp?guid={AC6477D7-5DE5-4959-9A80-0DB303F4CAF2}&n....
For anyone not familiar with big board stocks, Boston Scientific (BSX) is huge. If Boston Scientific has invested in RMDC and further has an option to buy out the 2 majority shareholders at $2.00/share in the future, this says to me that chances pretty good that RMDC will be trading at levels higher than 2 bucks soon, especially if their surgical filter gets approved.
On watch are NWAU, XLPI, GKLCE, SPRL.
The momentum play could be OXFV. It seems to fly on light volume.
Here's to good week,
Bo : )
prospector, GTEL and BCON are both
companies that not only have cutting edge ideas, but ideas the government (state & fed for BCON and federal for GTEL)is giving serious consideration and early money to develop.
They are both companies you wish you had an extra 10 or 20k to put in each and forget about for 3-5 years.
Even though worldwide advancements in nuclear energy have produced operationally safe reactors and are the cheapest form of energy, I see BCON's flywheel technology being where the government would be more likey to take our energy policy.
The repost on RB speaks for itself on the great promise of governmental and commercial use of stratalites.
Bo
TRBY Friday pr afterhours...
Torbay Holdings, Inc: Secures Access to $1.65M Investment To Finance Its Expanding Operations
Friday February 11, 6:06 pm ET
MINEOLA, N.Y., Feb. 11, 2005 (PRIMEZONE) -- Torbay Holdings, Inc. (OTC BB:TRBY.OB - News) today announced that it had reached an agreement with The Nutmeg Group LLC, Chicago, IL, for a fixed price equity purchase program by way of a share subscription and fixed and incrementally priced warrants. Subject to certain qualifications, these funds can be called upon at TRBY's option and will provide access to $1,650,000 (less expenses) to fund marketing initiatives planned, manufacturing activities and further product development, both software and hardware, to include ``Meridian(tm)'' (project name) the company's introductory keyboard product that will help to optimize the geometry of both keyboard and computer mouse use.
ADVERTISEMENT
Tom Large, President & CEO, stated, ``As undercapitalized as we have been we have applied our limited resources to developing our product range and proving the existence of our market. During the past months we have had many offers, including convertible debenture based financing, which we have declined. The investors we sought would recognize the progress that has been made and that they were investing in a business and not just a stock. Our requirement for funds is to accelerate business development and any partner should be as enthusiastic about our business as we are and base their valuations of return upon the impact their investment could have, once put to work.'' Randall S. Goulding, Managing Director of The Nutmeg Group, LLC, said ``We are eager to assist Torbay Holdings in meeting its ongoing financing needs and we look forward to a long-term relationship with the Company.''
The Nutmeg Group, LLC and its principals have been successful in raising capital through private placements and stock loans. With more than 30 million dollars under management, the Nutmeg Group, L.L.C. is a value-added private capital investment firm and a full service investment and financial consulting organization, dedicated to helping growth companies emerge as industry leaders. Staffed with an impressive array of diverse talents and a robust infrastructure, Nutmeg stands committed to facilitating the Company's success, as is the case with all of its portfolio companies.
``Our investment and ongoing commitment is prompted by our extreme optimism with regard to the outlook for the Company and its capacity to ramp up its operation to seize opportunities'' said The Nutmeg Group's, Randall Goulding. ``We believe the current valuation does not adequately reflect the enormous opportunities that exist for the company, both in the near and longer term. Nor does it begin to reflect the value associated with the products it sports.''
``We are impressed with the Company's talented management resources, and for such a small company to have captured such opportunities -- is virtually unprecedented,'' Goulding continued.
``We plan to play an integral and continuing role in the Company's very promising future. We are pleased to be working in partnership with the Company to better position it to grow,'' said Goulding. ``In fact,'' Goulding said, ``the specific reason for this additional cash infusion is to focus on creating new sales opportunities for rapid growth.'' Tom Large went on to say, ``We have worked with Nutmeg for many months and they have proven to us that they are committed to the future potential of our business. They are being proactive by making introductions to significant sales and marketing organizations of their acquaintance so as to underpin their investment in the future growth of this Company. This agreement is designed to provide funds that allow us to grow at a more accelerated rate and might sustain us to a positive cash flow position. As all funds received are at a fixed price they have a clear and understandable impact upon our shareholding, which should alleviate any fears of unknown dilutive impact.''
``The SB2 filing, signaling the commencement of this agreement, is therefore an important milestone, as important as the business development news that shareholders look forward to hearing. In order to ensure that we have access to the total funds offered, should we so elect to call upon them, we will now move forward on making a 'considered' adjustment so increasing the authorized share capital of the company. Just for the record we started this process 18 months ago when we were contractually 'required' to do so under the prior debenture agreement in an environment of inestimable consumption of authorized stock to satisfy financing that had already been received. Unlike then the absolute cost, in stock, of each investment dollar is known so our authorized can be confined to our needs and is therefore definable so explainable to our shareholders. By this we believe we can achieve a manageable and 'market responsible' issued share capital that can provide an opportunity for realistic value enhancement and that investors will be able to estimate the extent of their holdings on a pocket calculator!'
``As your Board of directors, Tony, Gordon and I have endeavored to steer this company through the rough waters that had to be crossed to get this corporation under sail. While we still have much to do and a ways to go the financial liability for the convertible debenture will expire shortly, we have the Section 508 opportunity back, we are posturing with relationships and opportunities in the broader computer peripheral market and by this agreement we have access to funds by which we hope to capitalize upon all of the above. Despite all the efforts of the Board none of this would have been possible without the support and commitment of a solid shareholder base that has provided the stability that kept our 'decks above the waves'. In the summer the board hopes to be able to thank as many as can attend personally at a shareholder meeting, date and location to be confirmed.''
Mach, I'm sorry for the kneejerk reaction.
And sorry to anyone else offended. Certainly anyone can post anytime about anything, CMKX included. It's a great board for all discussion.
Make no mistake, as a group we're getting a whole lot better about spotting good plays but re-reading my post I admit it was harsh. Please known it was not intended to try to exclude discussion.
Mr. Maheu certainly has my respect and may be just the authority and guidance CMKX sorely needs. His first shot placing a new team of securities attorneys in place.
Let's keep up the good work next week. We're on a 1 week roll.
Bo
Mach, that's been the key and will be.
Seeing how long it takes a company to get through the exploration and bulk mining stages even before it can be determined whether a mine is feasible, leads to the obvious fact that this is a monster long process in itself.
BTW, watching OXFV for monday. It moved on basically 2 trades and the buzz was just starting on other boards. Charts show strong moves on this one even on small buys with today being an example.
Later all.
Bo
It's a shame after a week of plays and DD on real companies that
have showed incredible returns, instead of a weekend on the boards where we spend time reflecting and sharing DD on other great upcoming plays, all we are going to see on the boards is tripe about a company which you can only sell at .0001 and issues a pr on signing onto taking a basic business 101 course.
Flame suit is on so fire away, but anyone having a good 2005 and especially past 6 or 7 trading days I believe can relate to the above. This market has too much promise to waste time spinning wheels. If they show real results someday, fine I'll buy my way on board only if the share structure is reasonable. In the meantime, I've been healed and see the light.
A simply outstanding last week on this board. I'm not BWDI, but those calling out and buying BWDI may have a very nice monday morning ahead with a gap.
Have a good weekend all. : )
Bo
I plead guilty to that and in fact it
happened again to me this morning. The first truly stupid play, based on 100% momentum....and GREED. grrrrrr.
XLPI treated me more than right. Even though there is more upside and it's showing strength, being all in at an average of .017 (largest chunk at .022) and seeing this mornings gap up was good enough for me now.
Now the greed factor, XDSL was getting heavy upside momentum based on ALTI yesterday and like a goof, instead of walking away and actually DD'ing my next play, took a shot on XDSL's momentum and made a late entry (something I rarely if ever do when there is no news attached) and lost 15% in 10 minutes..lol.
Still smiling big time. 170% (from .022) in 1 day with XLPI doesn't suck. All thanks to your work and DD. : )
Excellent call and still seems strong. It's still sitting nice at .064 as we speak.
Gotta run. Likely out the rest of the day.
Bo
Sir Mach, selling at a nice profit is always
the right decision.
Awesome 2 days. Thanks : )
Bo
narvo, thanks. Have the e-mail updates
allowed you to form an opinion on them?
Greenbaron's plays have shown to be strong. This comes with a low float and great DD on their part. Chart shows pps at much higher levels last year with more going for them now.
Bo
Good point about SHO lolly and selectivity
in looking for plays.
Companies that may not be seeing a difference either:
A) Have little for the market to be interested about. (No value, failed idea, or no defined product or service)
AND/OR
B) Fails at a low percentage of their O/S amount.
It only take 0.5% (one half of 1%) fails as a percentage of O/S for a Threshhold Stock to make the list. So a stock with 200 million outstanding with little going for it in terms of value isn't going to react much if MM's are only covering 5-10 million shares in fails after 'day 13'.
Last month I posted SHO will be a tool we as investors can refer to. Being 'a tool' means it is just one of many tools to try to make good investment decisions. As patterns and trends develop (good or bad) we can use this information as one of many checks to spot good opportunities.
Those who trade full time may be able to tell me if there is some resource telling how great the fail rate is for each listing in relation to each companies o/s. I doubt that is out there but it would make one hell of a great research tool, taking our how we can best use SHO to the next level. I for one would love to see the percentage of Fails/Outstanding Shares daily of each listed security.
Stay warm tonight, those in the NE anyway. : )
Bo
ALTI has surprised me. I saw the news come
across the newswire when it was ~2.20, and someone I never saw post, pumped it on the other boards. I just didn't think rechargable batteres would have a 70% kick to them..lol.
Rechargable batteries have been around for awhile and I know these invlove lithium, but I just never had any luck with rechargables and sooner plug into an adapter or simple buy fresh batteries.
Goes to show you how strange the market moves on some of these at times. I'm convinced more and more it has a lot to do with who is invested behind the scenes in any one stock as much as the news itself.
Moved from 3.63 to 3.93 as I typed this post.
I'll state it again, the MM's and Broker's deal the cards, play in the hand and name each bet. All we can do is be lucky and guess right. : )
Bo
ready 2 retire, I haven't seen the suit but have had
a few cases I handled go to the US Western District Court in Pittsburgh. The majority of the rulings are fair from what I've seen. They also hear cases in Erie and Johnstown.
But as for product content, GSK's product is a nicotene based product. Nicodrops on the other hand is made from natural sources (non-nicotene based).
Not seeing the suit I won't comment beyond this, but the above point tells me GSK has a tough road to hoe. It certainly appears Nicodrops are unique, and certainly not patterned after GSK's nicotene based product.
No position in NCDP, just my .02.
Bo
cashwealth, when I called the T/A 2 days ago
he quoted the o/s at 1,378,209.
Even if the alleged post on RB was true (I haven't seen it), even applying the 40% to the 1,378,209, the o/s would be still under 2 million shares.
That would be if this RB poster based the 40% on the 1.378 million figure. If they are basing a 40% increase on the 1.1 million figure, then the o/s is still only around 1.5 million according to the T/A.
Last, consider the RB poster may not have a clue what they are posting.
I have left a message with the company's IR everyday since Friday (including today). He is either out or ill. It rings to voicemail everytime. Simply interested in getting the company's view on the discrepency between the o/s which is being stated by the T/A compared to the daily trading, which appears that shares are being traded well over the o/s.
Time is ticking because history shows the pattern of this company.
Seems that way Mach and would be so sweet
if news landing after hours. This small play has made my week...love it.
Bo
KNOH @ 1.68! Obvious letting some of the
beautiful people buy in. The last 2 trading days this has gone from dormant to up 50%.
Of course I sold out my 1000 shares last Thursday after being in them and trying to get the word out for 1 month.
In reading EDGAR however, they have a pantload of convertible shares (150 million) that can come out at anytime. BE WARY you get in. I knew at the low o/s level this was a play. MM's seemed to be freezing trading up until yesterday not allowing any volume.
Bo
Note my kiss of death on ORTN..lol
I entered at 1.07 and wasn't going to post it. As I was posting it went to 1.08/1.09. Ten seconds after I posted it, the b/a have suddenly mysteriously reversed even though volume is very strong. lmao (Traded between $1.50-$2.50 3 months ago, was over $3 for much of first 4 months of 2004)
No manipulation here...riiight. Sorry to jinx it. If it was once or twice this occurred I could see it, but other than the "beast plays" like SPEA and GLKCE seconds after I post plays anymore they reverse even on heavy volume.
Applauding MM's... 1.01/1.03 now even though this was at .99/1.00 when news hit. You're very good at what you do and where can I get an application?
Also MM's, way to run GLKCE up and now start walking it back again. It's an old technique but like the Packer sweep in the 60's, no one can stop you from doing it. I'll let you know along with the board when a return call comes in from the company. I'm sure being MM's involved in the trading this past week, you'll be as interested as anyone.
Bo
Drillbit, thank Mach for XLPI and I agree on
what good news might mean. I got in because the company seems solid and logistically sound and ready to market their product.
Hell I got in for just a bit to wait quietly for news. I didn't expect a 60% move while waiting. Not complaining at all.
Bo : )
ORTN - O/S 5.6 Million
Moving nice on diabetes related news!
_________________________________________________________________
FDA Completes Review of Ortec's Diabetic Foot Ulcer Protocol And Gives Clearance to Initiate Diabetic Foot Ulcer Trial
Wednesday February 9, 1:41 pm ET
NEW YORK--(BUSINESS WIRE)--Feb. 9, 2005--Ortec International, Inc. (ORTN) today announced that the Food and Drug Administration (FDA) has completed a review of the modified Diabetic Foot Ulcer (DFU) Protocol submitted to the FDA on January 6, 2005 and has given Ortec permission to initiate a pivotal trial evaluating OrCel® in the treatment of diabetic foot ulcers. Ortec expects to initiate patient enrollment shortly after receiving approval of its Premarket Approval (PMA) application for the use of OrCel in the treatment of venous leg ulcers (VLU) currently under FDA review. The DFU trial is expected to be conducted at up to 25 clinical centers and involve up to approximately 200 patients.
ADVERTISEMENT
The results of Ortec's multicentered controlled pilot study assessing the effectiveness of it's product, OrCel®, in treating diabetic foot ulcers, was featured in the July 2003 issue of the peer reviewed publication "Wounds". The article was entitled "Effectiveness of OrCel (Bilayered Cellular Matrix) in Health of Neuropthathic Diabetic Foot Ulcers: Results of a Multicenter Pilot Trial".
The results of the trial, as described in the article, demonstrated that in hard to heal diabetic foot ulcers that were less than or equal to 6cm(2) (approximately 70% of the ulcers in the trial were in that category), 47% of the patients treated with OrCel were completely healed compared with 23% of the control group. In addition to OrCel producing a greater percentage of patients with complete healing, the study also showed that the mean rate of reepithelization (wound closure) was significantly higher in the OrCel treated groups.
About 16 million people in the United States have diabetes. Approximately one in every seven diabetics will suffer from at least one diabetic foot ulcer in his lifetime. In addition, approximately 800,000 people in the United States require treatment for diabetic foot ulcers annually.
As a follow up to last month's press release which updated shareholders on the Premarket Approval (PMA) process for use of OrCel® in the treatment of Venous Leg ulcers, Ortec also announced today that ,as part of the continued dialogue with the Food and Drug Administration (FDA), the agency has asked Ortec to provide further clarification of information submitted in its PMA application. Ortec has responded to the FDA and expects to meet with the agency shortly to review the information submitted.
Ron Lipstein, CEO and Vice Chairman of Ortec, said, "The questions recently communicated by the FDA are indicative of the agency's thorough review of all relevant information filed in the PMA. As part of our continuous interaction with the FDA, we may receive other requests for additional information or clarification of information previously submitted. As we have throughout this approval process, we expect to be able to provide the FDA with responses to any requests for additional information it may have, and will continue to work closely with the agency to complete the PMA review process and look forward to our beginning the DFU trial. In parallel to our completing the PMA process, we and our marketing partner have initiated steps in preparation for the commercial launch of OrCel."
About Ortec International, Inc.
Ortec International, Inc., (ORTN), is a tissue-engineering company involved in the commercialization of a proprietary and patented technology to stimulate the repair and regeneration of human tissue. Ortec's current focus is the application of its OrCel® (Bilayered Cellular Matrix) to heal chronic and acute wounds. OrCel is composed of a collagen sponge seeded with allogeneic epidermal and dermal cells. These cells secrete growth factors and cytokines normally found in acute human wounds and are believed to have a beneficial role in promoting tissue repair. In addition to having received FDA approvals for the treatment of Epidermolysis Bullosa and donor sites in burn patients, a pivotal clinical trial has been completed for venous ulcers, and a PMA has been filed. In addition, the FDA has granted Ortec approval to initiate a pivotal trial in diabetic foot ulcers. Ortec believes that its platform technology may extend to the regeneration of other human tissue such as tendons, ligaments, cartilage, bone, muscle and blood vessels. For more information, visit Ortec's website at http://www.ortecinternational.com.
XLPI .019
Watching VNEC & yet another msg left for
Pat Donahoo of GLKCE.
Not in them, but VNEC had news about 10-15 minutes ago which was good. One trade of about a 10-12k lot moved the pps from .07 to .085. O/S listed as 15M and thinking the float far less than that.
It was certainly nice to come in and smile at what XLPI is trading at too.
Bo
Jim I commented on that last week.
The window of opportunity is so there (as my daughter would say - 15th birthday today yikes!!) as evidenceby October's chart.
Grantedtheir history of dilution is documented however keepingclose tabs with the T/A and company before that occurs (especially with this discrepency) can still present great gains in the ST.
GTG...nite all.
Bo
narvo, the swings tell me the o/s is at such a level
that strength can reoccur WHEN THE MM's ALLOW IT to rise.
I have nothing against MM's. They are doing the same things on many stocks by orders of the companies they work for or higher powers.
Arbitrage is a term I studied a score ago as a finance major, and theoretically isn't supposed to occur. Acedemia and reality are two different worlds however. It occurs everyday from bigboard plays all the way down to the sub-pennys, taking on different forms.
With GLKCE this time period illustrates the possibility of an arbitrage situation they have used to their advantage since about 10am on Thursday when the wall was hit at .035. Since then we have seen swing trading slowly...oh so slowly tranding lower.
But for us, I'm simply not concerned about any MM issue or action against them. That is up to others to decide.
Right now either way, I would to hear from the company to confirm the facts around what the true tradable o/s should be and why. We either have a great short term play, or one where we need to stay far away.
Bo : )
I second that prospector.
It reminds me of the GKLCE drama we're going through now. I've been trying to connect with someone currently with SPEA (been trying since new year's) to see if current shareholders of SPEA would be protected when the change to the new symbol (new company) occurs. I was hoping for some positive reassurance in early Jan and post the results so we could all have safely benefited from the rise from the $7.00-$8.00 levels. I've seen their rise but can't say if it will be protected.
On GLKCE...Tomorrow, if a few others wish to call the company (702) 436-7002 and ask for the president or Pat Donahoo and let them know what we have seen the past few days (that it appears more shares are being traded than the 1.3 million o/s the T/A confirms), maybe one of us will get the answer if they are aware of this. Ask what they believe the o/s is currently accurate and if any dilution or conversion has occured or is planned.
In GLKCE's current situation time is money, and right now time is ticking away when there could be a real short term opportunity here. I've stayed fully liquid this week other than a small trade this morning) for a good entry if news is good.
Here's hoping. Today was the 3rd confirmation in the past 4 trading days verbally from the T/A that the current o/s is very low.
G'nite prospector and all.
Bo
Mach, which is hardly anything in terms of market cap
and if I could get a return call we could put some closure to this matter. We either have a short term time bomb ready to explode at least to .035 and possibly much higher (see October), or one to stay away from if heavy dilution is dead ahead.
No position in it since Friday, but as I said then this one is on close watch and hopefully I can get an answer from the company to come to a definitive answer here.
GTG...have a good one all!
Bo : )
GLKCE, called transfer agent. O/S 1,378,209.
Still awaiting return call from the company. The transfer agent looked the o/s current through today and confirmed the above.
When I explained the difference b/w the o/s he states and the shares being traded on the market he asked if I called the company to inform. I explained I have three messages in and hoping for a return call.
Bo
Joy, thanks for the heads up! It was a nice
play when you brought it to the board last week. I just didn't know how excited the market would get over reinsurance. It's certainly doesn't have the sex appeal other plays have, but it sure looks like it is walking up firmly and trying to find a new base. Nice one.
I checked into XLPI for a bit and it's set nice if news does come this week, and took a shot in NTWK this morning hoping for a 10-20% on news. I got in late at 2.69, watching it go to the mid to high 2.70's then walk back quickly..lol. I stepped out at 2.51. I saw it late and knew the chances were high I was getting in too late which is why I didn't mention it. The market cap still seems like it has room to grow even at the level I got in but it just wasn't to be. I only entered with 500 shares so no whopper of a loss there.
CYOS is the flavor of the day for the same reason as always, MM's are ALLOWING it to run. I played them last year on a good news day and the market and MM's acted like CYOS didn't even exist. Giving serious thought to filling out an application to become an MM. LOL
On GLKCE I left another message with IR rep Pat Donahoo about 1/2 hour ago.
Bo : )
Up 20% since your post on it Mach. Excellent
that you confirmed the a/s, o/s and float. They sure have a complete product line in place.
With news to come, this could get very nice.
Bo
I hear ya zent. No position in them right now,
but was hoping for some confirmation of this issue from them.
In October, there was a period of a week and a half to 2 weeks where this was traded based on the R/S o/s. As stated, I along with other are curious why we have seen trading of shares in excess of the o/s as stated by the T/A and R/S numbers.
Bo