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Hold the fort down. Off to the golf course for the day.
Weather
Cloudy 59°F
Feels Like 59°F
Wind: W at 2 mph
Humidity: 83%
Golf Index: 8 Very Good
Course
Tees/Holes 18
Yards 6800
Par 72
Slope 114
Rating 70.4
GREEN FEES:
Weekday $30
Weekend $40
Twilight $30
CUL
SharonB
PS: Waiting for news.
Birds of Fire; It is only an indication of the business environment Innotelco is operating in. If the big boys are playing in this ballpark then we have an opportunity to exploit and we do have seasoned advisors available for assistance. I refer you to the following two PRs that were released a long while ago. We are hoping for an update later this month.
INNOTELCO to Commence Shipments of Telecommunications Products From China to North African Countries
Thursday December 28, 8:45 am ET
TORONTO--(MARKET WIRE)--Dec 28, 2006 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News) today announced that it expects to commence shipments of telecommunications products which will be shipped from China to the North African countries of Algeria, Libya, Tunisia and Yemen. INNOTELCO believes that the initial shipment can expand into a series of shipments which will create a revenue stream for several years.
Approximately $3,000,000 to $6,000,000 in telecommunications products should be shipped by the end of June 2007. INNOTELCO may realize as much as $1.8 million in revenues for its participation in the facilitation of these shipments. This contract is in addition to the revenues that the company expects to realize from the sugar and feed barley shipments which were announced this month.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "This is truly a very exciting time for our company. Over the past few years, we have worked diligently to create an infrastructure which will allow INNOTELCO to be a facilitator of large scale commodity-type transactions. We now have an infrastructure which will allow us to ship products from China and South America to several North African countries."
Mr. Popovic concluded by saying, "It gives me great pleasure to begin announcing this series of great news to our shareholders. We appreciate their loyalty."
…..
INNOTELCO to Complete Historic Commodity Shipment
Friday January 5, 8:30 am ET
TORONTO--(MARKET WIRE)--Jan 5, 2007 -- INNOTELCO, Inc. (Other OTC:ILCO.PK - News) today announced that the shipment of its first large-scale commodity transaction is close to completion. The seller has been identified as Graintec, a large international force in the commodities world. The shipment of approximately 8,000 metric tons of feed barley is expected to leave an Eastern Europe port in the Black Sea and arrive in North Africa in about 3 weeks. Upon completion of the shipment, INNOTELCO will receive a fee for its role in arranging the transaction. Terms are not being disclosed for competitive reasons at this time.
The company continues to diversify itself by reducing its concentration on transactions within the telecommunications sector to a company that is fast becoming a facilitator of large-scale commodities transactions. These commodities include barley, sugar and oil, in addition to commodity-type hardware such as telecommunications products. The company is currently engaged in creating a turnkey solution, which will result in a business platform for commodities transactions. The initial routes have been identified as South America to North Africa and China to Eastern Europe to North Africa.
"This is an exciting time in the history of our company," stated Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO. "We are in the final stages of completing a number of transactions that will transform of our company from a concept company to a fully operating company with substantial financials to support our enthusiasm."
http://biz.yahoo.com/iw/070105/0200114.html
SharonB
Interview with Mr. Nicolas SARKOZY, President of the French Republic With the two Algerian news dailies El Watan and El Khabar
“My visit to Maghreban States falls within consultation endeavors with our partners in the Southern bank, especially those key countries including Algeria, the first step in may visit”, such has the French President Mr. Nicolas Sarkozy started his interview, the first of its kind given to the Maghreban press after his election as a President of the French Republic. The Algerian-French Friendship Treaty, the economic cooperation, and immigration issues were at the crux of the interview.
El Khabar: Mr. President, your are to be in Algeria within a Maghreban round, which round is to be the first outside the EU. In fact, what do you expect from this visit, as many raise Paris desire to re-establish its relations with Algeria? What does the tying up of distinguished relations with Algeria means to you whereas these relations seem lifeless in terms of politics especially after giving up in « the Friendship Treaty »?
On another side, you suggested the establishment of a Mediterranean Union, what is the culmination of such a gathering? Is it possible to talk about cooperation between the two banks of the Mediterranean while Europe looks like a castle, and do you think that the European neighborhood policy is up to be an alternative to the abortive Barcelona Process?
Nicolas Sarkozy: we can concretize friendship without a friendship treaty. The most important is to endow partnership between the two countries with a concrete framework perceptible by Algerians and French as well. To achieve such an aim, we have set an ambitious and realistic road map that covers all cooperation fields: executives training, economic exchanges and investments, energy, security and military cooperation, etc. We also have set a method to materialize the programme which includes a series of visit exchanges at the political and technical levels in order to mature all the set projects, in this spirit I proposed to President Bouteflika to visit France by this year’s end.
The bilateral relations and the Mediterranean Union project are prerequisites. The Mediterranean is our second solidarity space after Europe, and the two are overlap. Prosperity, stability, and security of the Mediterranean are interdependent. Our history, our cultural life, our respective societies are mutually immersed. Our common sea bears a major environmental stake as well. Together we can do well in order to develop our commercial, cultural and human exchanges, preventing crisis and better manage those already begun. This project architecture is a first attempt architecture, and my visit to Maghreb states falls within consultation endeavors with our partners in the Southern bank, especially those key countries including Algeria, the first step in may visit, and who is called, if she wants, to play an edifying role to make a success of this initiative. The think is not about to redo things, or to muddle up what has already been achieved, but to revive it and see what structures are the most likely to ensure the running of the initiative. So, President Bouteflika advice and experience would be very valuable.
El Khabar: In one of your statements you said « I want to get rid of repentance which is itself a sort of hatred and a competition of memories that fuel grudges against one another». Would this vision of things be an impediment to a genuine upgrading of relations with Algeria especially given the fact that the latter claims France to apologize for the crimes perpetrated along 132 years of colonialism?
Nicolas Sarkozy: the youngest generations in both sides look forward for the future instead of looking back to the past, they want concrete endeavors. They do not expect their leaders to mortify themselves for the past errors.
This means not to overshadow the past because each great nation has to accept its past both with the enlightened phases and the darkest ones. Sure much darkness, sufferings and injustices happened during the French presence in Algeria during the 132 years, but there has not been only this darkest side of things.
I am for the recognition of facts but not for repentance because it is a religious concept and there is no room for religion in a State-to-State relationship. Memory shall not be overshadowed, but within dignity and objectiveness, and without polemics and political maneuver attempts.
El Khabar: Are you satisfied about the economic relations between Algeria and France? During your election campaign you have also expressed your wish to further cooperation between Sonatrach and Gaz de France GdF, and you agreed about an Algerian and French cooperation in terms of civil nuclear, do you stick at the same stand?
Nicolas Sarkozy: Algeria is our first economic partner in the African continent, but the reality is far from reflecting it. Thus French enterprises have to redouble efforts and further engage in new partnership forms with their Algerian counterparts. Investments are included. In this respect, our companies can do better, sure. But this requires lifting constraints on investments, real estates, intellectual property protection and informal market competition.
As for energy, I had to underscore, even before my election, the importance of the issue in relations between the two countries. In fact, it is likely to structure the relationship and mirror the interdependence links between the two countries. We are complementary: France possesses the nuclear technology, Algeria thinks about the post-oil phase. In parallel, we need to secure our gas supplies and Algeria can acquire a French and even European market. Cooperation can thus be materialized not only between GdF and Sonatrach but also with Suez and TOTAL as well.
El Khabar: Is France ready to sell weapons to Algeria? What are the future outlines of military cooperation?
Nicolas Sarkozy: I would be very opened to an Algerian demand, as equally as with the any other neighboring state, since it would help reinforcing the regional security and stability which are a priority in my opinion.
As for the military cooperation with Algeria, I am ready to accompany it with efforts meant to endow its military forces with more professionalism and modernize them so as to be up to face up terrorism and smuggling stakes.
El Khabar: Concerning illegal migration, are you going to opt for a radical and a deterrent solution to solve this problem? What do you mean by « chosen immigration »?
Nicolas Sarkozy: we cannot pay no heed to illegal immigration. It is a reality that creates many problems in France. I committed myself to many pledges for the French people who elected me, for that reason I hope to find a human solution to that problem with close consultation with mother countries.
Regarding the chosen immigration, it concerns those who are to stay in France for a given period of time. Each sovereign state has the right to decide the criteria of selection.
Indeed, it is not meant to fuel « brain drain », however, the mother country has to provide the atmosphere that spur executives to come back homeland.
El Khabar: Many superpowers have shown great attention to intensify their relations with the Maghreb region. How does France see such future relations with this region without giving the impression to lord it over? And what is according to you the best solution to the Western Sahara conflict?
Nicolas Sarkozy: Concerning the first question, it would be hazardous to lord it over, our history in this region teaches us to deal with things with an extent of caution.
As for the Western Sahara, it is, in fact, high time to find out a sustainable solution as it undermines the relationship of Maghreban countries who can take up challenges they face up more easily whether the think is about their respective peoples aspirations or to counter terrorism endeavors.
http://www.elkhabar.com/FrEn/lire.php?ida=74621&idc=52
... More news...
She praised counter-terrorism cooperation with Algiers
Townsend conveys a message to Bouteflika from Bush
U.S Homeland Security and counter-terrorism Advisor conveyed a message to President Abdelaziz Bouteflika from his counterpart George W. Bush, the content of which has not been unveiled. Ms. Frances Fragos Townsend has met minister foreign affairs, Mourad Medelci, and dealt in talks about several issues including Western Sahara issue.
The White House Home Security Advisor concluded her visit to Algeria by meeting President Bouteflika, and discussed together bilateral cooperation in terms of anti-terrorism field.
Algerian Press Service (APS) quoted from Ms. Townsend that “I really have appreciated cooperation quality with Algeria (in counter terrorism field), and I look forward to reinforce it”, adding that she has had several talks with the President including issues related to terrorism threats worldwide and mostly in the Maghreb region”. Ms. Townsend revealed however that she has conveyed a message to Mr Bouteflika from Mr Bush.
She praised counter-terrorism cooperation with Algiers.
http://www.elkhabar.com/FrEn/lire.php?idc=52&ida=74623
Time and sales:
Rec. Time Action Price Volume
12:02:10 PM Trade 0.0018 176000
12:01:58 PM Trade 0.0019 125000
11:59:32 AM Trade 0.0019 50000
11:42:04 AM Trade 0.0018 200000
11:41:24 AM Trade 0.0018 100000
11:40:54 AM Trade 0.0019 5000
11:36:26 AM Trade 0.0018 25000
11:33:18 AM Trade 0.0017 350000
11:24:24 AM Trade 0.0016 5000
Total 1,036,000
Looks like someone is happy with getting $900 minus comm for 500K at .0018. 500K at .0013 =$650 plus comm. Net profit in the 200 dollar range. Day trading at its finest. Not for me though.
SharonB
News from Mahgreb region.
The Army ends up the 4-day military operation
The terrorist Aksil killed with other 4 terrorists
The 4-day military operation led by the national army in Sohane region bordering Blida and Boumerdés wilayas has ended up by the killing of five terrorists among six who made up the armed group.
The most noticeable achievement of the military operation is the killing of the terrorist Aksil Mneouer known in Boufarik locality in Blida who was wanted by security services since a few months after he re-joined the terrorist groups when released after serving a five-year prison sentence.
The other terrorist “H. Abla” who joined the terrorist groups a few months ago has also been eliminated, according to El Khabar sources. However the three other killed terrorists are underway of identification.
Security services have also managed to recover some machine guns and ammunition used by the dismantled terrorist group and the most important is that security forces have also dismantled more than 15 hand made antipersonnel mines.
http://www.elkhabar.com/FrEn/lire.php?ida=74505&idc=52
...
US President Advisor in Algeria to schedule important security meetings
A political source reported that the US president homeland security and counter-terrorism advisor has held meetings with Algerian security officials yesterday in order to organize periodic security meetings in Algeria and the USA that fall within intelligence and security coordination between the two countries.
President Abdelaziz Bouteflika has charged his advisor HEM Kamel Rezzag-Bara to receive the US president advisor Ms. Frances Fragos Townsend who said by her arrival to the airport that she came “to discuss with Algerian officials counter-terrorism related issues”, exhorting the Algerian experience in this field.
She stated, in a declaration reported by Algeria News Agency APS that “the USA would like to take advantage from that experience in its fight against peace and security enemies worldwide”.
The official in charge of communication and cultural affairs at the US embassy in Algeria, Mr. Mathieu Goshko told El Khabar that Ms. Frances Fragos Townsend visit has been on the agenda for long, noting that she is charged by President Bush to “hold important meetings with Algerian officials on terrorism related issues”. The same source added that he doesn’t know the Algerian officials the US senior official is to meet, stressing that the visit lasts one day and is a Maghreban one, as she visited Morocco earlier and is to visit Libya later.
http://www.elkhabar.com/FrEn/lire.php?idc=52&ida=74507
...
General Director of National Safety from Bejaia
Re-tighten the stronghold on terrorists
National safety General Director said yesterday during a visit to Bejaia that his services are carrying out the anti terrorism campaign in all fields with all means as citizens wish and fulfilling Republic President orders, while “terrorists still reject to put down arm, despite facilities that national reconciliation charter offers to them.”
Colonel Ali Tounsi considered that there is a constant amelioration in terms of security situation in Kabylia region during the last few months if compared to last years’ situation. General Director refused to comment on last terrorist attacks escalation in the region last weeks of which a murdering attempt against Tizi Ouzou wilaya Prefect and other kidnapping operations against contractors and businessmen there, which investigations unveiled that they were terrorists acts. The Director of National Safety Department alluded to follow a new strategy in terms of fighting terrorism.
Colonel Tounsi, however, has not explained in his short answers to journalists’ questions what would the new means that are to be adopted to fight terrorists who still reject to surrender. The speaker has just stated that “Army and security services are to lead intensive operations against those who decided to carry weapons for reasons of their own.” These statements gave impression of abandoning National Reconciliation Charter that activating terrorist groups ignore.
http://www.elkhabar.com/FrEn/lire.php?idc=52&ida=74510
...
Libya to open up gas fields to foreigners
July 9, 2007
TRIPOLI -- Libya Sunday invited international tenders for exploration of its onshore and offshore gas fields covering an area almost the size of Scotland.
The National Oil Company is offering a dozen contracts to explore 41 gas blocks in the Mediterranean, the Sirte basin in the north-central area of the country, Cyrenaica further east, and Murzek and Ghdamess in the south.
The blocks cover a total of 72,500 square kilometers (almost 28,000 square miles), it said in a statement.
Details of the blocks, varying in size from 2,000 to 10,000 square kilometers will be presented to interested parties August 8 in Tripoli and August 15 in London, he added. Allocation of the blocks is expected in December.
Ghanem said that it is the fourth time that Libya has invited tenders for exploration of its vast hydrocarbon reserves, but the first time for natural gas exploitation.
OPEC member Libya is the African continent's second largest oil producer at 1.7 million barrels per day. It also has natural gas reserves estimated at 1,314 billion cubic meters (46,403 billion cubic feet).
Tripoli at the end of May signed a $900 million exploration deal with BP under which the British energy giant will explore an area of some 54,000 square kilometers primarily for gas, but also in the hope of finding oil. The agreement applies in the Sirte region and at Ghdamess.
With the end of UN sanctions after Libyan leader Muammar Gaddafi's dramatic decision in December 2003 to abandon weapons of mass destruction programs, oil and gas exploration in the North African country has picked up at a frenetic pace.
"It's a race for our black gold," Ghanem recently said. "We are organizing it like the Olympic Games and may the best one win."
http://www.metimes.com/storyview.php?StoryID=20070709-054257-8667r
... SharonB...
I'd bet this post gets some comment. Bulgaria
Bulgaria's Economic Ambition Draws It Out of Financial Shadows
9 July 2007, Monday
By Nadia Damon in Sofia
Business New Europe
As an investment proposition, Bulgaria continues to juggle the promise of an emerging economy with a reputation for old-style corruption and shady bookkeeping. One man who has worked hard to address these issues is Maxim Behar, who recently relinquished his post as chairman of the Bulgarian Business Leaders Forum (BBLF) after serving a maximum second term.
An enthusiastic businessman and patriot, Behar has worked hard to promote the concept of corporate governance and social responsibility in a country that once viewed these as alien concepts. Phrases such as "business ethics" and "transparency" were lost on the gold-rush entrepreneurs of the late 1990s and Bulgarian businesses have been notoriously slow in adopting an open financial approach.
"Seven years ago it was considered eccentric to be open or to create a business community," says Behar, who is also chief executive of the PR and marketing consultancy M3 Communications, which is an associate firm of Hill & Knowlton. "But nowadays more and more companies realise that it is the only way to do business. When [BBLF] started in this country there was no clear tax system, no social security. People were literally asking me: 'What the hell are business ethics?'"
While it may have made the political leap from Eastern bloc to EU, Bulgaria continues to struggle in putting the theory of transparency into practice. "Bulgaria's biggest challenge is probably the fast and non-resistant adoption of the rules of the EU business game -- and I don't mean just adhering to legislation here. The country has to learn to operate within a normal business environment," Behar told bne in an interview.
"We know that a lot of people don't pay taxes or the proper social securities. We also know that a lot of people do not behave as they should in the market. There is corruption, but corruption is everywhere -- it's not simply an issue in Bulgaria. Look at the UK, Belgium and Italy, for example. And don't forget, as a new EU member, Bulgaria is a lot more closely monitored."
Follow the leaders
For large international corporations such as Microsoft, Danone and Nokia, who have operated in Bulgaria since the 1990s and always adopted a strict policy of transparency, there has been no uncomfortable regulatory settling-in period.
"All those companies by default are socially responsible -- there is no question about that," acknowledges Behar. "But more Bulgarian companies are following their example. Say we had five companies signed up to the BBLF pledge for corporate social responsibility five years ago, that figure is now 5,000."
Since joining the EU on January 1, Bulgaria has adopted international financial reporting standards, and while he admits that the country has yet to be seen baring its teeth to companies working outside of these regulations, Behar insists businesses will eventually have to fall into line to survive in the long term.
How far the Bulgarian government is prepared to push corporate governance beyond rhetoric is still a matter for debate, prompting players like Bozhidar Danev, chairman of the Bulgarian Economic Association, to call on lawmakers to take action. "We need to take all legislative and bureaucratic measures that will minimise the grey economy, which is believed to account for 35% of GDP," Bulgarian National Radio reported Danev as saying.
In spite of the greyness, Behar insists the future is black and white. "Businesses should continue to work and make profits. The rest will come. No one will allow Bulgaria -- as a state -- not to care about corruption within the business environment."
The shift towards transparency should be aided by the flourishing Bulgarian Stock Exchange, which is seeing a steady rise in the number of IPOs -- always a good indication of increasing financial openness. In its first six-month report since joining the EU, the stock exchange, which operates its own corporate governance code, declared that from January 1 to June 21 the exchange's turnover topped BGN2.4bn (€1.2bn), with the capitalisation of the companies traded on it reaching nearly BGN19.3bn. The reported turnover for the whole of 2006, the last period before EU entry, was BGN3.4bn.
According to Behar, there has been intense interest from the emerging middle class in share trading via COBOS software, attracting greater numbers to the trading floor. "The more companies on the stock exchange, the better the business environment will be," he adds.
While extolling the virtues of the 10% corporate tax -- the lowest of all the EU members -- Behar states that Bulgaria still needs to attract both the medium-sized foreign companies that have plans to expand but are hesitating about where to go, as well as larger investors who want to feel there's a government in place that supports their long-term plans.
Despite the obvious economic challenges it faces, Behar insists Bulgaria will be one of the top countries in the EU within 15 to 20 years. Given the giant steps the country has made in the equivalent timeframe since rejecting communism, few here would question his confidence.
http://www.novinite.com/view_news.php?id=82801
Time and sales. Interesting uptick on a 5K sale.
11:48:04 AM Trade 0.0016 5000
11:44:08 AM Trade 0.0015 50000
11:21:14 AM Trade 0.0014 33250 Total 88,250
If only Radomir would buy now we could see a rally and news would let it hold. All IMO, of course.
SharonB
Morocco raises terror alert to maximum level
07.08.07, 5:54 AM ET
RABAT, Morocco (Thomson Financial) - Morocco raised its terrorism alert to the maximum level on Friday to indicate a 'current threat' against the north African country, the interior ministry said.
The government had reliable information indicating the 'serious threat of a terrorist act,' the interior ministry said after a meeting of security chiefs here.
The alert demands the full mobilisation of the security services and the 'redoubling of vigilance.'
Morocco has been on edge since five suicide bombers blew themselves up in Casablanca between April 10 and 14, just weeks after another suicide bombing in the city on March 11.
One policeman was killed and 45 people were injured in the blasts.
'Reliable information relayed in recent days to the interior ministry described the preparation of acts of terrorism in Morocco,' a Moroccan security source told Agence France Presse on condition of anonymity.
The source said that a meeting of top security officials, including Interior Minister Chakib Benmoussa, was held in Rabat to discuss the information which resulted in the decision to raise the alert status.
'Morocco is cooperating fully with foreign police services,' the source said, adding that in the face of the threat, Morocco 'is putting itself in a situation of extreme vigilance.'
http://www.forbes.com/feeds/afx/2007/07/08/afx3891952.html
...
Morocco on maximum security alert
Agencies
Published: July 08, 2007, 10:37
Rabat: The government has put Morocco on "maximum" terrorism threat alert, its highest category indicating that an attack is imminent.
The move follows a meeting of police, military and intelligence chiefs in the capital Rabat on Saturday.
"This alert level indicates a serious threat of terrorist action and requires the extreme mobilisation of the security organs," the Interior Ministry said, adding that more police were being deployed to step up surveillance.
Al Jazeera website quoted political analyst Miloud Belkadi as saying that Western security officials who recently visited Morocco may have passed details about an impending attack.
"It is the first time Moroccan authorities have used clear language and precise words about the terrorist threat," Belkadi said.
"These visits and the language of Al Qaida's Zawahri were indicating something serious may happen soon here," he said.
Al Qaida deputy leader Ayman Zawahiri last week released a video urging an overthrow of "corrupt" Muslim governments.
http://www.gulf-news.com/region/Morocco/10137810.html
News from the area: Due to production companies’ maintenance
Cement soaring prices
Cement prices have recorded a 70% increase jumping thus from 290 dinars a sac to 500 dinars a sac, which means 1000 dinars a quintal. According to the available information, the index of average price increase is 30% which would certainly steep a rise in property prices. This hypothesis has been confirmed to El Khabar by some building contractors.
Head of Real Estate Promotion and Management Office stated: “speculation in construction materials, mostly cement, is the main reason for the concerned prices explosion.”
El Khabar Reporters said that cement prices reached record limits. This crisis has caused disruptions of many projects and stopping some others. Besides, among the factors that influenced cement prices are the numerous building workshops of both public and private projects.
http://www.elkhabar.com/FrEn/lire.php?idc=52&ida=74380
With the new business directions, is this important to AMNG?
Music biz sales off for a seventh year:
Thu Jul 5, 2007 1:45AM EDT
LONDON (Billboard) - The global recorded music market fell for the seventh consecutive year in 2006, and the slide is accelerating in 2007, according to figures published by a music trade group.
Sales fell 5% year-over-year to $19.6 billion, said the International Federation of the Phonographic Industry (IFPI), a London-based group that represents the major record labels.
Against a backdrop of shrinking CD sales and piracy, the value of physical music shipments tumbled 11% to $17.5 billion last year, the IFPI reported in its Recording Industry in Numbers 2007 study. Digital shipments through mobile services and the 500-plus recognized online music services jumped 85% to $2.1 billion.
The results "reflect an industry in transition," IFPI chairman and CEO John Kennedy said.
"We hoped that the decline in physical sales would be offset by the increase in digital sales, giving us the 'holy grail.' But while digital sales have grown as expected, physical sales have fallen by more than expected," he said.
"Unfortunately, this trend has continued in 2007," he added. "Physical sales continue to drop at a faster pace than we had hoped for, particularly in the U.S. (down 7.3%) and now also in the U.K. (off 6.7%) -- a market that had shown incredible resilience."
The lion's share of blame, Kennedy said, should be leveled at piracy, which he described as the biggest problem the industry faces.
Thanks in no small part to the industry's legal actions to shunt copyright pirates, illicit file sharing is relatively stable, he said.
However, with about 20 billion illegal files downloaded last year, the volume of illegally distributed works remains "unsustainably high," he noted. During the same period, 795 million single tracks were legally downloaded online.
Regarding digital shipments, the IFPI tracks online, mobile and subscription services but does not include monophonic and polyphonic ringtone revenue. Digital formats accounted for 11% of total global shipments in 2006, compared with 2% of the overall pie in 2004.
Record labels' income from performance rights collections in 2006 improved 8% to $728 million. "We believe this sector has tremendous potential," Kennedy said. "Synchronization, ad-funded business models and artist/label joint ventures are also areas showing exciting growth."
Despite the global decline, 12 countries -- Japan, Russia, South Africa, South Korea, Ireland, Argentina, Indonesia, Hungary, Malaysia, India, China and Venezuela -- posted growth in their respective recorded music markets during the year.
The top 10 respective recorded music markets in the world last year were the U.S., Japan, the U.K., Germany, France, Canada, Australia, Italy, Spain and Mexico.
On digital value alone, the top 10 markets were the U.S., Japan, the U.K., South Korea, France, Germany, Canada, China, Italy and Australia.
http://www.reuters.com/article/newsOne/idUSN0527941020070705
http://www.reuters.com/article/newsOne/idUSN0527941020070705
starboy: You are not alone. My problem is I am to trusting and believe, perhaps mistakenly, that the management of the companies I have invested in have the same goals as I do. To make money on our investment via a legitimate business model.
When I see a stock that jumps out of it's skin on relatively small volume,I'm stuck. When I see a management that isn't diluting their stock and never has, I'm there for them. When I see a company that reduces the Outstanding Shares and doesn't dilute them, I count my lucky stars. When I see a management style that will communicate with me without inside type information, I'm dead meat. When I see a company go for financial assistance from the vulture funds I am a captured investor because it is usually too late to bail without losing a bunch, a mistake. When I find a self financing situation like Innotelco, I can't help but feel this is the one.
Have a great July 4th holiday.
SharonB
Could use some up volume. Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold
Price Support Pivot Point Resistance
0.0015 0.0015 0.0015 0.0015
Looks like a lot is hanging on .0015 but it needs volume not a paint.
SharonB
Latest missive from Management. Dear Sharon: Thank you for your email of June 29th. Management is aware that shareholders are concerned with the lack of updates. As I wrote you previously we are working hard to accomplish our goals. The lack of news should not be seen by investors that the management of the company is not actively working. As I have said before, Management will provide news release to shareholders, and in fact they are planning to release news regarding all deals that they have been working on over the last year, by end of July. Business in the North African markets proceed at their own pace and management has had to tailor its expectations accordingly. Bullying, Stong-armed tactics and veiled threats are not productive. Management continues to work diligently and to the best of it's ability to move forward. Sincerely, Management
1 trade 25K at .0015= $37.50 minus comm?eom SB
ff: I just sent Radomir an e-mail.
Dear Radomir: It would be nice to hear some sort of status regarding these old press releases. Monday is July and completes nearly 6 full months of silence from Innotelco regarding our business efforts, successes, and/or failures.
I listed all the prs present on our web site and a short sentance or two about each one.
Sincerely,
SharonB
Short interest since start of data chain.
Short Interest for July 2006 7/14/2006
Short Percent Average Daily Days to
Interest Change Share Volume Cover
1,332 100 1,547,878 1
Short Interest for Aug. 2006 8/15/2006
1,332 0 2,256,321 1
Short Interest for Sep. 2006 9/27/2006
25,489 1.812.84 1,316,189 1
Short Interest for Oct. 2006 10/25/2006
1,332 -94.77 2,648,415 1
Short Interest for Nov. 2006 11/28/2006
149,855 11,150.38 1,505,665 1
Short Interest for Dec. 11/28/2006
22,708 -84.85 2,583,626 1
Short Interest for Jan. 1/25/2006
6,332 -72.16 2,531,253 1
Short Percent Average Daily Days to
Interest Change Share Volume Cover
Short Interest for Feb. 2/28/2007
64,702 922 1,751,716 1
Short Percent Average Daily Days to
Interest Change Share Volume Cover
Short Interest for Mar 3/27/2007 As of 3/15/2007 settlement date
56,576 -12.56 1,658,294 1
Short Interest for Apr 4/25/2007 As of 4/13/2007 settlement date
Short Percent Average Daily Days to
Interest Change Share Volume Cover
30,638 -46 738,813 1
Short Interest for May 5/25/2007 As of 5/15/2007 settlement date
Short Percent Average Daily Days to
Interest Change Share Volume Cover
1,332 -95065 152,049 1
Short Interest for Jun 6/25/2007 As of 6/15/2007 settlement date
Short Percent Average Daily Days to
Interest Change Share Volume Cover
1,786 34.08 101,883 1
SharonB
Relevent to all investors and as such is on topic for ILCO investors wishing to stay informed regarding our government and the SEC in action.
Link:Financial Services Committee live webcast @ 2PM
http://financialservices.house.gov/schedule.html
2:00 p.m., 2128 Rayburn House Office Building
The Financial Services Committee will hold a hearing: "A Review of Investor Protection and Market Oversight with the Five Commissioners of the Securities and and Exchange Commission".
SEC Rifts May Be Exposed in Hearing Today Before U.S. Congress
By Jesse Westbrook
June 26 (Bloomberg) -- The U.S. Securities and Exchange Commission's five members will testify together before Congress for the first time in a decade, in a hearing that may expose rifts over the agency's role in regulating financial markets.
House Financial Services Committee Chairman Barney Frank called the hearing to examine such topics as securities lawsuits and the right of shareholders to nominate corporate directors, after investor advocates accused the SEC of favoring companies.
The session marks a test for SEC Chairman Christopher Cox, whose efforts to build what he calls a ``collegial atmosphere'' at the agency may be undermined if commissioners disagree publicly over the rights of shareholders to sue companies and how to regulate hedge funds. Those are among the issues that have divided the commission.
``A key theme of this hearing is to really test the resolve of the commission to adhere to its mission of investor protection,'' said Ralph Ferrara, a former SEC general counsel who's now at the law firm LeBoeuf, Lamb, Greene & MacRae LLP in Washington. ``The real question is going to be whether they conform to a consistent line or express idiosyncratic viewpoints.''
Cox, 54, said in a June 20 interview that inviting all five SEC commissioners will facilitate ``a good, healthy discussion.'' The normal process is for ``just the chairman to go up and give commission-approved testimony, but it's been done this way before,'' he said. The last time was in 1997 at a hearing on the agency's budget.
SEC Commissioner Paul Atkins declined to comment. Commissioners Kathleen Casey, Roel Campos and Annette Nazareth didn't return phone calls.
Just for `Information'
Frank, 67, has said that Cox, a former Republican congressman from California, is doing a good job and that the hearing, which begins at 2 p.m., Washington time, is intended ``to get information.''
The Massachusetts Democrat called the meeting after the SEC changed the way it negotiates corporate fines. He also reacted to a Wall Street Journal report that the agency was reviewing whether disputes between shareholders and companies could be resolved through arbitration, limiting investors' ability to sue.
Cox told a Senate panel last month that the agency had no plans ``to allow corporations to mandate arbitration of shareholder claims.''
Business groups have urged the SEC to let investors decide whether they prefer arbitration, arguing that the threat of being sued discourages companies from selling shares in the U.S. Fifteen Republicans on Frank's panel sent Cox a letter dated June 22 asking him to review whether shareholder suits hurt investors more than help them. They also asked Cox to examine whether protections against ``professional plaintiffs'' are sufficient.
Unanimous Votes
Since arriving at the SEC in August 2005, Cox has mostly avoided political disputes by targeting issues with broad appeal. He's pushed through unanimous votes on every public SEC decision, including regulations aimed at reducing corporate- compliance costs under the Sarbanes-Oxley Act and requiring companies to improve disclosure of executive pay.
His predecessor, William Donaldson, a fellow Republican, drew fire for siding with Democrats in imposing record fines on companies, subjecting hedge funds to SEC inspections and requiring that mutual funds appoint independent chairmen.
Divisions Emerge
Under Cox, divisions have emerged over recent SEC actions. Campos, a Democrat, said in April that he had ``grave concerns'' about a new policy that requires staff attorneys to get authorization from commissioners before negotiating corporate fines.
The enforcement division previously had the freedom to reach settlements with companies and then refer them to commissioners for a vote. Campos called that ``a process that has served the commission and investors well for many years.''
Cox said in an April 13 speech that the change will strengthen the staff's negotiating position because they'll have the full support of the commission before the fines are set.
A shareholder lawsuit before the Supreme Court also divided the commission.
Cox sided with Campos and Nazareth, the other Democrat, in calling on the U.S. solicitor general to back investors who are suing Motorola Inc. and Cisco Systems Inc. for helping Charter Communications Inc. inflate its revenue. Republicans Atkins and Casey voted against the agency's recommendation.
The solicitor general ignored Cox's advice after the Bush administration said third-party lawsuits -- those targeting a company's business partners -- would hurt the U.S. economy.
To contact the reporter on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.net
Last Updated: June 26, 2007 00:06 EDT
SharonB
Link:Financial Services Committee live webcast @ 2PM
http://financialservices.house.gov/schedule.html
2:00 p.m., 2128 Rayburn House Office Building
The Financial Services Committee will hold a hearing: "A Review of Investor Protection and Market Oversight with the Five Commissioners of the Securities and and Exchange Commission".
SEC Rifts May Be Exposed in Hearing Today Before U.S. Congress
By Jesse Westbrook
June 26 (Bloomberg) -- The U.S. Securities and Exchange Commission's five members will testify together before Congress for the first time in a decade, in a hearing that may expose rifts over the agency's role in regulating financial markets.
House Financial Services Committee Chairman Barney Frank called the hearing to examine such topics as securities lawsuits and the right of shareholders to nominate corporate directors, after investor advocates accused the SEC of favoring companies.
The session marks a test for SEC Chairman Christopher Cox, whose efforts to build what he calls a ``collegial atmosphere'' at the agency may be undermined if commissioners disagree publicly over the rights of shareholders to sue companies and how to regulate hedge funds. Those are among the issues that have divided the commission.
``A key theme of this hearing is to really test the resolve of the commission to adhere to its mission of investor protection,'' said Ralph Ferrara, a former SEC general counsel who's now at the law firm LeBoeuf, Lamb, Greene & MacRae LLP in Washington. ``The real question is going to be whether they conform to a consistent line or express idiosyncratic viewpoints.''
Cox, 54, said in a June 20 interview that inviting all five SEC commissioners will facilitate ``a good, healthy discussion.'' The normal process is for ``just the chairman to go up and give commission-approved testimony, but it's been done this way before,'' he said. The last time was in 1997 at a hearing on the agency's budget.
SEC Commissioner Paul Atkins declined to comment. Commissioners Kathleen Casey, Roel Campos and Annette Nazareth didn't return phone calls.
Just for `Information'
Frank, 67, has said that Cox, a former Republican congressman from California, is doing a good job and that the hearing, which begins at 2 p.m., Washington time, is intended ``to get information.''
The Massachusetts Democrat called the meeting after the SEC changed the way it negotiates corporate fines. He also reacted to a Wall Street Journal report that the agency was reviewing whether disputes between shareholders and companies could be resolved through arbitration, limiting investors' ability to sue.
Cox told a Senate panel last month that the agency had no plans ``to allow corporations to mandate arbitration of shareholder claims.''
Business groups have urged the SEC to let investors decide whether they prefer arbitration, arguing that the threat of being sued discourages companies from selling shares in the U.S. Fifteen Republicans on Frank's panel sent Cox a letter dated June 22 asking him to review whether shareholder suits hurt investors more than help them. They also asked Cox to examine whether protections against ``professional plaintiffs'' are sufficient.
Unanimous Votes
Since arriving at the SEC in August 2005, Cox has mostly avoided political disputes by targeting issues with broad appeal. He's pushed through unanimous votes on every public SEC decision, including regulations aimed at reducing corporate- compliance costs under the Sarbanes-Oxley Act and requiring companies to improve disclosure of executive pay.
His predecessor, William Donaldson, a fellow Republican, drew fire for siding with Democrats in imposing record fines on companies, subjecting hedge funds to SEC inspections and requiring that mutual funds appoint independent chairmen.
Divisions Emerge
Under Cox, divisions have emerged over recent SEC actions. Campos, a Democrat, said in April that he had ``grave concerns'' about a new policy that requires staff attorneys to get authorization from commissioners before negotiating corporate fines.
The enforcement division previously had the freedom to reach settlements with companies and then refer them to commissioners for a vote. Campos called that ``a process that has served the commission and investors well for many years.''
Cox said in an April 13 speech that the change will strengthen the staff's negotiating position because they'll have the full support of the commission before the fines are set.
A shareholder lawsuit before the Supreme Court also divided the commission.
Cox sided with Campos and Nazareth, the other Democrat, in calling on the U.S. solicitor general to back investors who are suing Motorola Inc. and Cisco Systems Inc. for helping Charter Communications Inc. inflate its revenue. Republicans Atkins and Casey voted against the agency's recommendation.
The solicitor general ignored Cox's advice after the Bush administration said third-party lawsuits -- those targeting a company's business partners -- would hurt the U.S. economy.
To contact the reporter on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.net
Last Updated: June 26, 2007 00:06 EDT
SharonB
That is also my opinion. We have seen this thing nearly jump out of its skin without so much as a whisper. I doubt there is much of a float and positive, real news, could turn this into a 10 bagger in the blink of an eye.
The risk of missing the move by taking a vacation and ignoring or not paying attention to the stock might be expensive in lost opportunity.
SharonB
Latest time and sales. Taking profits???????
3:22:48 PM Trade 0.0014 87200 X .0014 = 122.08 - Comm.
3:19:54 PM Trade 0.0016 100000 X .0016 = 160.00 - Comm.
2:28:58 PM Trade 0.0018 65000
2:28:46 PM Trade 0.0014 125000
2:28:42 PM Trade 0.0018 50000
2:26:24 PM Trade 0.0015 25000
2:25:48 PM Trade 0.0015 5000
2:25:24 PM Trade 0.0015 5000
2:17:56 PM Trade 0.0013 130000
2:17:44 PM Trade 0.0013 5000
2:17:38 PM Trade 0.0013 1163000
I'll keep my 187,200 shares and wait for a release before I sell one share. It just isn't worth it to me to gamble on not getting a release and waiting for a pull back to make another 100 bucks, if that.
SharonB
Time and sales 20 min delayed.
Rec. Time Action Price Volume
2:28:58 PM Trade 0.0018 65000
2:28:46 PM Trade 0.0014 125000
2:28:42 PM Trade 0.0018 50000
2:26:24 PM Trade 0.0015 25000
2:25:48 PM Trade 0.0015 5000
2:25:24 PM Trade 0.0015 5000
2:17:56 PM Trade 0.0013 130000
2:17:44 PM Trade 0.0013 5000
2:17:38 PM Trade 0.0013 1163000
Total 1,572,930
AMEX Qualifying rules.
AMERICAN STOCK EXCHANGE (AMEX)
The American Stock Exchange started as an alternative to the New York Stock Exchange. It originated when brokers began meeting outside the New York Stock Exchange in order to trade shares in companies that failed to meet the NYSE’s onerous listing requirements. In 1998, NASDAQ purchased the American Stock Exchange, though the two continue to operate as separate entities.
To qualify for trading on the AMEX, a company must meet all of the minimum requirements in one of the following categories:
Standard 1
• shareholders’ equity of $4 million
• pre-tax income of $750,000
• $3.00 share price
• market value of $3 million for publicly held shares
• either:
a) 800 public shareholders holding 500,000 shares;
b) 400 public shareholders holding 1,000,000 shares; or
c) 400 public shareholders holding 500,000 shares and having an average daily trading volume of 2,000 shares for the prior six months
Standard 2
• shareholders’ equity of $4 million
• two year operating history
• $3.00 share price
• market value of $15 million for publicly held shares
• either:
a) 800 public shareholders holding 500,000 shares;
b) 400 public shareholders holding 1,000,000 shares; or
c) 400 public shareholders holding 500,000 shares and having an average daily trading volume of 2,000 shares for the prior six months
Standard 3
• shareholders’ equity of $4 million
• pre-tax income of $50 million
• market value of $15 million for publicly held shares
• either:
a) 800 public shareholders holding 500,000 shares;
b) 400 public shareholders holding 1,000,000 shares; or
c) 400 public shareholders holding 500,000 shares and having an average daily trading volume of 2,000 shares for the prior six months
Standard 4
• either:
a) market capitalization of $75 million; or
b) total assets and revenue of $75 million each
• pre-tax income of $50
• $3.00 share price
• market value of $20 million for publicly held shares
• either:
a) 800 public shareholders holding 500,000 shares;
b) 400 public shareholders holding 1,000,000 shares; or
c) 400 public shareholders holding 500,000 shares and having an average daily trading volume of 2,000 shares for the prior six months
For more information, visit the AMEX’s website at www.amex.com.
Off to the golf course. Hold the fort down on this potentially explosive volume trading day. At least out there I can watch the grass grow.
SharonB
Could this eventually solve OUR illegal immigrant problem? We only have about 12 to 20 million illegally here now. The current est. population of Mexico is 108,700,891 as of July 2007. The illegal immigrant population is estimated at between 12 and 20 million with the overwhelming number coming from Mexico. We are looking at roughly 12 to 24% of their total population.
Now to the article about worker shortages.
With so many of its own citizens working abroad, businesses are turning to migrant workers from abroad to fill the lack of workers.
By Bogdan Asaftei in Bucharest
That’s why many windows from the capital of Romania are full of notices where workers are required. The notices can be seen in almost every shop window in Bucharest.
“We are hiring salesmen for our store”, reads one. “Our company is looking for a driver,” reads another. “Chef needed. Good wages and fees offered. No experience required,” says a third.
The reason? A sudden and dramatic labour shortage, which includes professional and blue-collar workers and even those without any skills.
The cause of the labour shortage is a double phenomenon: an economic recovery, which has increased the total number of job openings, and the mass flight of the existing workforce to the West in search of higher wages.
The entire range of professional and non-professional workers is “under siege” in Romania because so many workers have left for America or the European Union.
According to most statistics, Romania has now lost around 2 million working-age citizens, which is about 20 per cent of the total labour force.
Like most Balkan countries, Romania has long suffered from a haemorrhage of workers. However, unlike some of its neighbours, Romania’s own economy has developed rapidly in recent years, faster than many expected.
Unfortunately, this growth is being threatened by many problems, the most important being a shortage of working men.
The economic turnaround – from high unemployment to a labour shortage - has caught many Romanians by surprise.
After the fall of the Ceausescu dictatorship, Romania’s economy was in dire straits. Most big factories built as showpieces in the Socialist era proved hopelessly inefficient in comparison to plants in the West. With their out-of-date technology, they could not compete in terms of pricing or quality.
They had two choices: to find new owners with enough capital to make large investments and so modernize these plants, or to close entirely.
Even when powerful foreign investors took over the factories, the workers still tended to leave the area, having realized they could earn more abroad.
Meanwhile, in the last few years, Romania’s economy revived, leading to a real boom. Romania’s economic growth had an extraordinary boom in the last years. In 2003 and 2004, the economy grew at an annual rate of 8,4 per cent, going down at 4,1 per cent in 2005, but recovering in the next years: 7,7 per cent in 2006 and over 6,5 per cent the forecast for 2007.
However, despite of these improvements, the Romanian labour force has continued to leave.
To counter this phenomenon, the authorities have resolved on a two-prong strategy: firstly, to try to lure Romanian workers back to the country, and secondly, failing that, to let people from other countries come to work in Romania.
The government decided at the end of February to create an intergovernmental group to evaluate the number of Romanians gone abroad to work. Moreover, this group proposed an information campaign and incentives targeting these Romanians.
The authorities have been at pains to convince Romanians working abroad to return home, offering various social and economic benefits, like better wages, free lunch tickets, transport reimbursements, lower cost education for their children or pension funds.
But this campaign has not had much resonance among Romanians outside the country.
Therefore, Plan B has kicked in - allowing foreigners to work in Romania.
Daniela Nicoleta Andreescu, an official in the Ministry of Labour, Family and Equal Opportunities, said the number of foreigners coming to Romania has increased since the country joined the EU – a development that makes it easier still for Romanians to find work abroad.
The number would not grow to a high level, he added, because the rights of foreigners to work in Romania was being closely regulated.
Officially, only 9,000 foreign workers were present this March in Romania, most of them - 2,459 – from Turkey, followed by 1,414 Chinese nationals and 1,356 from neighbouring Moldova.
A well-known example of the phenomenon of legal economic migration to Romania comes from Bacau, in the north of the country.
At this textile plant, there are dozens of Chinese workers today. “The Romanians left to work in Spain and that’s why we have to look for workers from China,” Sorina Nicolescu, the owner of the factory, said.
Their salaries are worth only around 200 euros a month, well below what skilled Romanians can hope to earn elsewhere in Europe. But the Chinese workers accept it, saying it is three times as much as they would earn in their native towns.
However, many analysts believe the real number of foreigners working in Romania is far higher than the 9,000 officialy registered, as many foreigners work illegally.
“We cannot provide a real number of these workers, but the figures are much higher. And there is a huge need for these workers,” declared Florin Pogonaru, chairman of the Association of Businessmen from Romania, AOAR.
Pogonaru believes multi-national construction companies will have the largest draw followed by other medium and small enterprises.
“However, in ten years this migration phenomenon is likely to decrease considerably, as the economic gap between Romania and Western countries diminishes ”, he added.
Bogdan Asaftei is WirtschaftsBlatt Correspondent for Romania and Bulgaria and a Balkan Insight contributor. Balkan Insight is BIRN’s online publication.
http://www.focus-fen.net/?id=l8399
Just food for thought.
SharonB
Hi Stingray: Just catching up and find this new direction for Sunncomm interesting. That the company has even survived after the travails of the past couple of years is hardly believable.
A question.
re: The Company believes it can attract new and early growth businesses wishing to take advantage of resources not generally available to them such as mission-critical capital in addition to legal, accounting, and public relations resources. In exchange, the Company will retain a small minority ownership position in the promising new businesses. The Company is currently reviewing comprehensive due diligence packages from a number of potential target companies within diverse industries ranging from medical to legal to entertainment.
I'm on the mailing list so will be looking forward to much more information. I wonder if these selected companies/targets has approached AMGG, were a result of former and current sponsors, or self selected such as a cold sale call.
I also wonder about their expertise in raising capital, legal and accounting support, in areas outside the entertainment industry. I feel fairly confident information along these lines will be shortly forthcoming.
SharonB
Telcom in Bulgaria is still a big deal. Hope we are going to get involved.
AIG To Refinance Bulgarian Telco BTC Debt with Syndicated Loan
12 June 2007, Tuesday
US insurance giant AIG plans to contract up to EUR 585 M in syndicated loans from four banks to refinance the debt of Bulgarian fixed-line telecom BTC and stimulate further growth, the Bulgarian company said on Tuesday.
BTC shareholders will meet next month to discuss the proposal at an extraordinary shareholder meeting, the telecom said in a statement to the Bulgarian Stock Exchange, where it is listed.
The meeting, however, was made conditional on AIG acquiring the 65% stake held by Viva Ventures, a special purpose vehicle owned by US investment fund Advent.
AIG agreed last month to buy the first option on the stake from Icelandic mogul Thor Bjorgolfsson and plans to wrap up the transfer of shares at BTC's annual meeting next week.
The three-year interdiction on the sale of the majority stake in BTC lapsed on Sunday, removing the last obstacle in the way of the deal.
AIG plans to draw an eight-year syndicated loan of up to EUR 400 M from Royal Bank of Scotland, Deutsche Bank, UBS and UniCredit to pay back the EUR 350 M credit contracted last year from Citibank, according to the agenda of next month's meeting.
The new loan would ease BTC's debt burden in the medium and long term, the company said.
BTC's new majority shareholder also plans to take two syndicated loans of up to EUR185 M to finance the future development of the company, including the digitalisation of BTC's network of fixed phone lines, equipment upgrades and the further development of the telecom's mobile arm.
With assets worth EUR 880 M as of end-April, BTC can easily provide the collateral for the loans.
AIG agreed to pay USD 1,08 B for Viva Ventures' 65%, beating off competition from Dubai-based Oger Telecom and Turkey's largest mobile operator Turkcell, the early favourites for the deal.
It has the option to buy another 25% from Bjorgolfsson for USD 580 M and plans to make a buy-out offer to the minority shareholders, taking the company private.
BTC is the main telecom operator in Bulgaria with a payroll of 20,000 and has 2.9 million phone lines, which account for 97% of the fixed-line segment of the market. It also has a mobile arm, Vivatel, launched at the end of 2005, which has a market share of close to 10%.
ff: that be Zero, zip, nada, buptkupus, not sure of the spelling and believe it is still understandable. This is a very real indication of where we are at this time with this investment.
We could use some good info, but that has to develop.
SharonB
paunch13: It may just be the questions your asking can not be answered on a one for one basis and especially in an e-mail format.
It also possible, gauging from your recent posts a response would not be in the best interest of the company to publish on a web site.
It is quite possible there are confidentiality requirements, possible interference from entities working against the best interests of ILCO, interference with negotiations in progress, and a host of other reasons that might apply.
SharonB
I and I guess many others will be sending them e-mails to the contact address. I am not worried about their honesty, integrity, and respect their desire to turn this startup into A THRIVING BUSINESS. This will take time.
http://www.innotelco.net/contact.html
SharonB
This may seem OT until you get to the very end of the aricle.
Brown on 'fact-finding' Iraq trip
Mr Brown praised the "tremendous dedication" of troops
The UK's prime minister-in-waiting, Gordon Brown, has been in Baghdad for what he called a "fact-finding" visit.
It is a second trip to Iraq for the chancellor, who is due to succeed Tony Blair as prime minister on 27 June.
Mr Brown had talks with Iraq PM Nouri Maliki and met military commanders and British troops, amid tight security.
He told reporters, who were barred from reporting the visit in advance, that it was "very much an assessment more than anything else, a fact-finding trip".
Baghdad's heavily guarded Green Zone came under mortar attack shortly before Mr Brown left the city.
Inquiry call
"I think the issue in Iraq is this - how can we help the Iraqi people not only run their own security and build a democracy but offer a prosperity they are perfectly capable of doing?," he said.
One of the issues he was looking at was the fact that only 25% of money allocated to Iraq was spent because of delays "at the centre and at provincial level".
Mr Brown also met senior British officer, Lt General Graham Lamb for talks, along with US Ambassador Ryan Crocker and General David Petraeus, US commander of the multi-national force.
I think it's important to learn all the lessons
Gordon Brown
Analysis: Inquiry calls
The visit came as MPs in the House of Commons in London prepare to debate Conservative calls for an inquiry into the Iraq war and lessons to be learned.
The chancellor, accompanied on his visit by Defence Secretary Des Browne, said he did not back an inquiry being held while troops remained in Iraq but agreed lessons had to be learned.
He said that in future all intelligence information must be independent of the political process, and that it must be validated and verified if made public.
'Divisive' issue
He said he had asked Cabinet Secretary Sir Gus O'Donnell to look at how to ensure that independence and said he wants Parliament's Intelligence and Security Committee to have a bigger role.
The key change would be that the Joint Intelligence Committee chairman would not be the same person as the Cabinet Office security co-ordinator. Both posts are currently held by Sir Richard Mottram, who will retire soon.
It's intriguing that we've been asked to keep this trip such a secret
BBC political editor Nick Robinson
Read Nick's thoughts in full
"I think it's important to learn all the lessons, just as Tony Blair has said he acted in good faith but mistakes were made. I think it's important to learn the lessons to look forward now," Mr Brown said.
Lib Dem leader Sir Menzies Campbell said Mr Brown was "distancing himself from Mr Blair".
And shadow foreign secretary William Hague added: "I think it is a bit of an admission that that intelligence was not properly handled or presented at that time [in the run-up to war]... so it does need change and I think we will all be very sympathetic to that, but he needs to go a lot further."
Mr Brown has acknowledged that Iraq was a "very divisive" issue, but he has stuck by the decision to go to war.
On Monday he refused to put any timescale on withdrawing the remaining UK troops in Iraq - due to be reduced to 5,500 by mid-summer, but praised the "tremendous dedication and duty" of those he met.
Also on Monday it was announced that the tax free operational allowance for troops deployed to Iraq and Afghanistan is to be increased by 3.6% to £12.75 a day, backdated to April.
Defence chiefs say that because of the "increased stabilisation of the Balkans" personnel serving there will no longer qualify for the allowance, introduced last October, from 1 September.
http://news.bbc.co.uk/2/hi/uk_news/politics/6740067.stm
SharonB
paunch13: Absent any proof there is anything wrong and not knowing when to start the clock, there are just too many questions to ponder from this distance.
I am in the camp of trusting the management at this time as nothing else makes sense to me from a financial point of view.
SharonB
paunch13: I don't know, but it is possible. There is a lot of distrust and it takes a long time to establish credentials. I believe that is one of the reasons why ILCO is going to North Africa or that region to establish banking relations.
SharonB
GSPC threatens US interests in North Africa
US information officials warned from the increasing threat on the US interests in North and Sub-Saharan Africa of the Salafist Group for Preaching and Combat GSPC activity after its affiliation to al-Qaeda. Even if armed groups cannot target the US territories they can easily assault the US interests in the region.
The British Guardian, the US Seattle Times, and Associated Press agency reported that US information organs officials expressed their concern as al-Qaeda armed attacks can be extended to include Western, Sub-Saharan Africa in addition to the Sahel region.
Warnings coincide with Assistant Secretary of State David Walsh statements before the congressional foreign affairs commission on June 6th stressing that the region is turning to a safe haven for al-Qaeda. He further made clear that the US policy is aiming at securing a safer and moderate Maghreb through social, political reforms by the realization of a shift in terms of economic growth and the setting up of a solid partnership in counter terrorism issues.
http://elkhabar.key4net.com/FrEn/lire.php?idc=52&ida=71592
At that link is a map of the Sahel region mentioned as a training area Al Qaeda terrorists during the conference on terrorism in North Africa that I posted about a short while ago.
Video(C-SPAN)on Recent Conference on Security Challenges in the Maghreb
http://maghrebcenter.org/eventssc.shtml
SharonB
Time and sales:
Rec. Time Action Price Volume
10:52:04 AM Trade 0.0011 500000
10:51:40 AM Trade 0.0011 5000
10:51:10 AM Trade 0.0011 300000
10:41:56 AM Trade 0.001 175000
9:38:04 AM Trade 0.0011 20000
paunch13: What evidence of any sort do you have to arrive at your conclusion there is bad news regarding ILCO? What constitutes bad news and from whose point of view? Bad news could be a delay in time to completion, but no harm to the long range future operations. Bad news could be a contract cancellation. This could be short term bad news, but long range insignificant. Bad news is subjective and to some represents an opportunity.
This is a management decision and deserves to remain such without any interference from the SEC or minority shareholders.
This is a pink sheet start up company and very few stocks have as much potential as ILCO. The performance, in terms of evidence is quite positive, IMO. Here I am referring to self-financing and two Outstanding Share reductions.
I don’t believe you have the right to make management decisions in regards to prs or any other company activity.
To force your OPINIONS on management or the SEC without facts to back them up suggests a picture that you have a separate agenda.
SharonB
Video(C-SPAN)on Recent Conference on Security Challenges in the Maghreb
http://maghrebcenter.org/eventssc.shtml
Visit the Maghreb Center website to watch the video of the
latest event organized by the Center: "Conference on Security
Challenges and Response Strategies in the Maghreb and Sahel
Regions", it is now on line .
The participants are experts in the field and for me a learning experience.
A lot of suspicions I had were confirmed. To see some evidence of cooperation with other countries with a large Islamic community in this war with Islamic radicals enlightening.
SharonB
Security Challenges and Response Strategies: Maghreb and the Sahel Region of North Africa.
This will be carried on C-SPAN2. 09:00 AM EDT 2:00 (est.)On LIVE now. Channel 23 here in California. SharonB
Magrebi officials, US, and international experts will assess the security situation in North Africa and the Sahel region, and will debate the response strategies adopted at national, regional and international levels.
Date:
Location: Thursday, May 31, 2007
9:00 am – 1:00 pm
National Press Club
Holeman Lounge
529 14th Street, NW, Washington, DC 20045
Co-Sponsors:
The Maghreb Center
The International Center for Terrorism Studies,(Potomac Institute for Policy Studies)
The Inter-University Center for Legal Studies (International Law Institute)
PROGRAM
9:00 AM Opening Remarks:
Nejib Ayachi, President, Maghreb Center
Michael Swetnam, President and CEO, Potomac Institute for Policy Studies
Co-Chair:
Professor Yonah Alexander, Director, International Center for Terrorism Studies
Professor Edgar H. Brenner, Co-Director, Inter-University Center for Legal Studies
9:10-10:30 AM: Threat Assessments: Propaganda, Terrorism, and Insurgency
Ambassador Amine Kherbi, Embassy of Algeria
General Azzaoui Abdel Jabber, Kingdom of Morocco
10:30-10:45 AM: Coffee Break
10:45 AM-
12:15 PM: Response Strategies: National, Regional, and Global
Brigadier General Michael D. Jones
Deputy Director for Politico-Military Affairs, Middle East,
U.S. Army
Professor Lawrence R. Velte
Near East South Asia Center for Strategic Studies,
National Defense University
12:15-1:00 PM: Ambassador Javier Ruperez
Executive Director of the Counter Terrorism Executive
Directorate, United Nations
*RSVP is required at administration@maghrebcenter.org
……………….
…………………
Forum
Security Threat Issues
Maghreb Center
Inter-University Center for Legal Studies
Potomac Institute for Policy Studies, International Center for Terrorism Studies
Washington, District of Columbia (United States)
ID: 198404 - 05/31/2007 - 2:00 - ns
Swetnam, Michael S. Founding Chair, Potomac Institute for Policy Studies
Brenner, Edgar H. Co-Director, Inter-University Center for Legal Studies
Alexander, Yonah Director, Potomac Institute for Policy Studies, International Center for Terrorism Studies
Ayachi, Nejib Founder and President, Maghreb Center
Michael Swetnam and Nejib Ayachi made opening remarks at an international conference on security challenges and response strategies for the Maghreb and Sahel regions of North Africa.
The first panel discussion was on "Threat Assessments: Propaganda, Terrorism, and Insurgency," was chaired by Professors Yonah Alexander and Edgar Brenner.
The second panel discussion was on "Response Strategies: National, Regional, and Global."
http://inside.c-spanarchives.org:8080/cspan/cspan.csp?command=dprogram&record=553540399
…………………..
Forum
Security Threat Issues
Maghreb Center
Michael S. Swetnam , Potomac Institute for Policy Studies
Edgar H. Brenner , Inter-University Center for Legal Studies
The beginning and end of this live program may be earlier or later than the scheduled times.
09:00 AM EDT
2:00 (est.) LIVE
SharonB
On Live now. C-span 2 on cable channel 23 here in Calif.
SharonB
Security Challenges and Response Strategies: Maghreb and the Sahel Region
This will be carried on C-SPAN2. 09:00 AM EDT 2:00 (est.) LIVE SB
Magrebi officials, US, and international experts will assess the security situation in North Africa and the Sahel region, and will debate the response strategies adopted at national, regional and international levels.
Date:
Location: Thursday, May 31, 2007
9:00 am – 1:00 pm
National Press Club
Holeman Lounge
529 14th Street, NW, Washington, DC 20045
Co-Sponsors:
The Maghreb Center
The International Center for Terrorism Studies,(Potomac Institute for Policy Studies)
The Inter-University Center for Legal Studies (International Law Institute)
PROGRAM
9:00 AM Opening Remarks:
Nejib Ayachi, President, Maghreb Center
Michael Swetnam, President and CEO, Potomac Institute for Policy Studies
Co-Chair:
Professor Yonah Alexander, Director, International Center for Terrorism Studies
Professor Edgar H. Brenner, Co-Director, Inter-University Center for Legal Studies
9:10-10:30 AM: Threat Assessments: Propaganda, Terrorism, and Insurgency
Ambassador Amine Kherbi, Embassy of Algeria
General Azzaoui Abdel Jabber, Kingdom of Morocco
10:30-10:45 AM: Coffee Break
10:45 AM-
12:15 PM: Response Strategies: National, Regional, and Global
Brigadier General Michael D. Jones
Deputy Director for Politico-Military Affairs, Middle East,
U.S. Army
Professor Lawrence R. Velte
Near East South Asia Center for Strategic Studies,
National Defense University
12:15-1:00 PM: Ambassador Javier Ruperez
Executive Director of the Counter Terrorism Executive
Directorate, United Nations
*RSVP is required at administration@maghrebcenter.org
……………….
…………………
Forum
Security Threat Issues
Maghreb Center
Inter-University Center for Legal Studies
Potomac Institute for Policy Studies, International Center for Terrorism Studies
Washington, District of Columbia (United States)
ID: 198404 - 05/31/2007 - 2:00 - ns
Swetnam, Michael S. Founding Chair, Potomac Institute for Policy Studies
Brenner, Edgar H. Co-Director, Inter-University Center for Legal Studies
Alexander, Yonah Director, Potomac Institute for Policy Studies, International Center for Terrorism Studies
Ayachi, Nejib Founder and President, Maghreb Center
Michael Swetnam and Nejib Ayachi made opening remarks at an international conference on security challenges and response strategies for the Maghreb and Sahel regions of North Africa.
The first panel discussion was on "Threat Assessments: Propaganda, Terrorism, and Insurgency," was chaired by Professors Yonah Alexander and Edgar Brenner.
The second panel discussion was on "Response Strategies: National, Regional, and Global."
http://inside.c-spanarchives.org:8080/cspan/cspan.csp?command=dprogram&record=553540399
…………………..
Forum
Security Threat Issues
Maghreb Center
Michael S. Swetnam , Potomac Institute for Policy Studies
Edgar H. Brenner , Inter-University Center for Legal Studies
The beginning and end of this live program may be earlier or later than the scheduled times.
09:00 AM EDT
2:00 (est.) LIVE
SharonB
John: Re: It is just getting a little difficult to know what to believe with ILCO four month past THEIR estimated date for completion of their contracts but we wil all set here and wait and wait and wait . It would be nice to hear something good or bad.
If it were good but hadn’t passed the required benchmark that permits publication no response will be forthcoming. This is based on company responses to past inquiries. “ Nothing reported until the money is in the bank.” For me there could well be another reason for no notification. Anonymity might be appropriate to avoid complications of a political nature.
Consider bad news, such as cancelled contracts, lack of expected monetary results, seized shipment, waiting for insurance to cover loss, etc. From past experience, I didn’t and have not seen any real concern by the management as to price per share value. There is evidence such as the 2 reductions in the OS to present as investor concern.
To my way of seeing this, the odds are strongly in favor to the position there is no bad news as yet. If there were, why wouldn’t they go ahead and take a temporary hit to the pps and move on.
Anyway, this is a very speculative situation and is a startup company. There are always complications in any business. The possibilities for ILCO are multiplied by many factors just by the very region of the world in which we are operating.
An analogy comes to mind from an experience I had while working in England. The Grand National Steeplechase race was in the near future. Over there you could buy a square in the pool for as little a few pence. About 5 cents US. If you win, your square could return over a 100,000 pounds. For A NICKLE we get far more squares in this gamble and while the grand prize is only on the order of
many magnitudes, depending on the amount of success and time to maturation the limiting factor, I find the speculation worth the time and effort.
SharonB
I'm off to the gold course, CUL.