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As of Oct 29th this year, Nevada website has PMAH in the ACTIVE mode now. They are ready to rumble. Did a little research on the RF Wireless - going by memory - was owned by a husband wife by the last name of Smalley. They packed up and took the same business to Alberta Canada - called IMAG Technologies - they also deal with RF technology. Man I hope they work together!
MA200 on the weekly at .0705 - nobody will sell before we get to that resistance - MMs will have no shares to hold it down.
Buys at the ask arent going through. And now we have flipped the parsar. Argggh - looking for a great run, just wont let me in!
These stocks dont wait around do they! Another nice find Team Wave
All former RF Wireless Solution websites now point right to the Plasma Tech website. This is no BS letter of intent, this has already happened. IMO we are going to have several pm's before years end.
It was delayed, but there was nothing special in it. Just restating what all the priors did.
No, they already posted it - AND it brings them up to date. The next Q will be the one that either disappoints or drops the bomb. Judging by their website - they are much farther along than what the PR tells us.
Just like the technology that was posted on their website. Nice! No wonder their 10-Q didnt mesh with the info, they haven't bought the company yet. GLLL to those of us who have been in this for a while - we have been waiting!
LAS VEGAS--(BUSINESS WIRE)--PlasmaTech, Inc. (Pink Sheets: PMAH) (www.plasmatechwireless.com) announced today that it has entered into a Letter of Intent in contemplation of a definitive agreement to acquire RF Wireless Solutions, LLC, a privately held Nevada corporation that develops and manufactures a comprehensive line of wireless card access control and data acquisition transceivers. PlasmaTech expects to complete its due diligence and close the transaction within the next 30 days. The combined entity will be known as PlasmaTech, Inc.; the company’s stock symbol will remain the same.
Related Quotes
Symbol Price Change
PMAH.PK 0.13 +0.02
{"s" : "pmah.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Pursuant to the terms of the agreement, PlasmaTech will acquire all rights, title and interest in the leading-edge products and intellectual properties of RF Wireless Solutions, LLC as well as over 80 copyrights and patents for hardware and software, including 35 relating to Long-range Bluetooth applications and TCP/IP products.
The RF Wireless Solutions’ Diamond Sentry product line has met with market acceptance in both the government and private sectors. The platform combines various technologies such as ZigBee/802.15.4, cellular, Wi-Fi, Ethernet and Satellite connectivity into a single unified system for WAN, LAN and PAN Security. The Diamond Sentry II family of products consists of advanced wireless integrated solutions manufactured and distributed by the company to build voice, streaming video and data security into secured wireless networks.
PlasmaTech products and services equip security solution service providers, automation specialists, and Data and IP service providers with the tools to build previously limited and unimaginable, multi-revenue producing networks that provide high-quality, highly reliable, as well as high speed, monitoring and data transmission, Card Access Control and video surveillance services utilizing radio frequencies instead of wires. The card access control industry alone is a $120 billion industry worldwide.
"We are enthusiastic about the synergistic profit potential represented in the acquisition of RF Wireless Solutions. The company’s product line is already working in many applications around the world and providing value-added services and network components for systems that are in high demand,” said PlasmaTech President, Marvin Williams. “PlasmaTech’s acquisition of RF Wireless Solutions and its state-of-the-art product lines will help ensure rapid and consistent deployment, competitive pricing and the continued technological advancement of quality solutions for a growing worldwide market. The market is huge, and we intend to capture an appreciable share of it," he said.
Duratech will be assuming UpSnap's share structure. Once the merger is complete we will receive a notice of a date that our ticker will change from UPSN to XXXX. Our accounts will then reflect the new symbol and all the while trading will continue. No worries. If they move up to Nasdaq, they are taking our shares with them.
Nice market sell!
I think we just witnessed a market maker chinese fire drill
Time to build a new base here at .02 - .022. Should run it nicely into the close today
Testing that .019 high of yesterday
It is hard to tell where the market will take this. May dip, may not. The great thing about phone orders is that once they're in you can adjust them according online. IMO .02 or under will see significant returns.
Thats good, next advice would have been to change brokers, cause they cannot tell you what you can and cannot buy. GLTY
I put an order in this morning over the phone. Did you call your local branch or the 800 number? I recommend trying the number opposite of what you did.
Agree. The MM on .0145 will not make it to open. He has already flickered on and off the mark a couple times this morning.
Scottrade too...luckily, I slipped out and gave them a call before it bounced back over a penny
Also the A/R from .4M to 1.2M
Couple more links on the web page are working now. Over the weekend they posted a few more of their case studies. Some of the technology is pretty impressive. Work has been spread out throughout the States and is dated in 2009.
Hopefully by market open the MMs will bring back that .10 ask. I will grab some more today.
From their website:
Our wireless access control and automation products are available worldwide. In addition, we are finalizing a number of agreements with Fortune 500 companies, the U.S. Government, and industrial and commercial customers that have the potential to create multiple revenue streams in 2010 and beyond.
Links are up and running on the right side of the website now: http://www.plasmatechinc.com/
You will notice under investors that they submitted a form to submit their 10-Q late. I view this as great news. As an auditor I can tell you that their last couple of 10-q's probably took less than 2 days to complete because of such little activity and the verbage being copy and paste. If they are going to be late on this one, it tells me that there is some significant information coming out. IMO this is definately the time to get in if you arent already (which I know the 3 people who post here already are!).
The 1.6B writeoff has been offset greatly by the sales of assets outlined in goal #1 (although I wish they would have used it better with goal #3, and maybe next quarter we will see that) and the now gains that they can realize from these assets appreciating with the market. I'm not looking for dollars in share price here. I think we have a pretty similar mindsets.
That is only 1 of their 3 goals. From the notes to the financial statements:
• Disposal of our non-core assets or lines of business, including the Life Reinsurance International Segment
and the Wealth Management business;
• Development, through strategic alliances or other means, of opportunities to maximize the value of our core
competitive capabilities within the Company, including mortality assessment and treaty administration; and
• Rationalization of our cost structure to preserve capital and liquidity.
The second and third one does give the future of the company hope for increased value to the shareholder.
If you want guarantees, you should not be looking at penny stocks. If you enjoy researching and coming to your own conclusions, sometimes you can make a boatload of money. The company is turning itself around and the market conditions look to be a big factor with that. If speculation wasnt involved and it was pure documented fact, this would not be trading at .15. But if from you personal research you think there is a good chance that this company will write new business again, and then they do, you can turn your pennies into dollars. Some of us here beleive that can happen. As far as a link to something that says this will be a thriving company with new business in a year....sorry, stock market doesnt work that way.
Pretty sure. Here's what I go by: http://finance.yahoo.com/q/pr?s=PMAH.PK
It falls right in line with what Texas was talking about when she talked to the CEO about the crypted cards if you read my posts about the info on the website:
"* They are working with the major credit card banks and folks like Wells Fargo and Chase to market an embedded anti-theft Plasma ID into the cards. He would not go into details, but said that they have had too many calls to count from all of the banks. He did say it was very Star Trek'ish. "
Nice advantage being the only Level 3 provider. Opens up Canadian and American government business. Cant wait for the update
Did a little research on what it meant to have a FIPS 140-2 Level 3 certification:
http://www.rycombe.com/short140.htm
Introduction
Federal Information Processing Standard 140-2(FIPS 140-2) is a standard that describes US Federal government requirements that IT products should meet for Sensitive, but Unclassified (SBU) use. The standard was published by the National Institute of Standards and Technology (NIST), has been adopted by the Canadian government's Communication Security Establishment (CSE), and is likely to be adopted by the financial community through the American National Standards Institute (ANSI).
The standard defines the security requirements that must be satisfied by a cryptographic module used in a security system protecting unclassified information within IT systems. There are four levels of security: from Level 1 (lowest) to Level 4 (highest). These levels are intended to cover the wide range of potential applications and environments in which cryptographic modules may be deployed. The security requirements cover areas related to the secure design and implementation of a cryptographic module. These areas include basic design and documentation, module interfaces, authorised roles and services, physical security, software security, operating system security, key management, cryptographic algorithms, electromagnetic interference/electromagnetic compatibility (EMI/EMC), and self-testing.
Do you need FIPS 140-2 certification?
We could give you many reasons why your product requires FIPS 140-2 certification, but the only one that is truly compelling is regulatory. FIPS 140-2 evaluation is required for sale of products implementing cryptography to the Federal Government. If you don't have a certificate or at least demonstrate a commitment to obtaining one, then there is a good chance that you won't be able to sell your product in this key market.
In addition, the financial community increasingly specifies FIPS 140-2 as a procurement requirement and is beginning to embrace it, wholly or in part in its own standards.
Less compelling reasons to obtain certification are that FIPS 140-2 can be viewed as a quality mark. It can be used as a marketing tool. If you have FIPS 140-2 and your competition does not, then you may have a competitive advantage.
Levels
The different levels within the standard provide different levels of security and in the higher levels, have different documentation requirements.
Level 1: The lowest level of security. No physical security mechanisms are required in the module beyond the requirement for production-grade equipment.
Level 2: Tamper evident physical security or pick resistant locks. Level 2 provides for role-based authentication. It allows software cryptography in multi-user timeshared systems when used in conjunction with a C2 or equivalent trusted operating system.
Level 3: Tamper resistant physical security. Level 3 provides for identity-based authentication.
Level 4: Physical security provides an envelope of protection around the cryptographic module. Also protects against fluctuations in the production environment.
Thats beautiful. None of the links are up yet, but this is setting up nicely. A normal pink would have PR'ed this.
Financials are now posted too. Not much information available other than they stated they have spent an additional 29k on admin and selling (? - marketing? or perhaps related to the travel expenses from sales visits.). Anyhow, when this hits, it is going to hit big.
Just a glimpse of how beautifully thin this LII is!
One of the biggest items I will be looking for in the next F/Ss is whether or not they have begun paying their interest and principal payments on their bonds again. That would be huge.
Because they are not writing new policies, reorginizing and having trouble paying current debt. That is the ten cent tour.
I said nothing about net income. I was refering to the policy sales they have been recognizing this year. Here are the exact numbers.
Note 1 of FSs
"This gain is also subject to certain contingencies, which reduced the pre-tax gain recognized in the six month period of 2009 to $702.2 million, of which $642.4 million and
$59.8 million were recognized in the first and second quarters of 2009, respectively. There is also the
potential for an additional $1.4 million gain to be recognized on the second half of the year."
All I mentioned was the one time gain. This number played into Scottish's 9/15 PR calculation of the .81 net income per diluted share. The one time gain makes up .34 of that calculation and will not be there this quarter.
I expect them to do better this quarter than last quarter net of the one time gain for 2 reasons. 1) they invested more money into the money markets even though it is a total of 21M - "Stingray Investor Trust
Subsequent to June 30, 2009, we acquired an additional variable interest in Stingray, which represents a
reconsideration event under FIN 46(R). As of September 15, 2009, we determined that we are not the primary
beneficiary of Stingray and therefore are not required to consolidate Stingray in our financial statements. As of
September 15, 2009, our maximum exposure to loss is $21.5 million." Note 15
and 2) Overall housing and market conditions. Last quarter without the one time gain they made .47 a share (which by the way they calculate out to have 218M shares outstanding, not 68M now). I would be happy with anything over .52, extremely happy with .60.
Hoping to make some more significant ground on the shareholders equity. We just have to keep in mind that last quarter we had a one time gain of forty-some million and this quarter it will only be around 1.5M from their policy sales.
Yeah I added a few shares at .12 today to CTP's dismay. One phone call ran this to .48, imagine what a marginal SH's update PR would do.
Didnt realize just how fast these 3rd quarter earnings are sneaking up on us. GL
Nice buy opp at .12.
This is what is posted on the Yahoo Finance page:
PlasmaTech, Inc.
2764 Lake Sahara Drive
Suite 111
Las Vegas, NV 89117
United States - Map
Phone: 702-851-1330
TexasTwister may have more info
Keep a close eye on it. Last months spike to .48 didnt have enough volume for people to sell into it. If you are a gambler, accumulate where you can here. Great DD performed and a couple SEC filings in the last 5 weeks shows promise that the company is lining itself up for a splash.