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great..thanks everyone. eom
8k out this morning....in laymans term can someone explain
thanks
Item 8.01. Other Events
On October 20, 2008, Zynex, Inc. (“Zynex”) entered into an amendment of the Option granted by Zynex to Stalwart Investments, LLC in 2004. Under the amendment, Zynex and Stalwart cancelled a part of the Option for 600,000 shares of Zynex common stock and added a cashless exercise feature for 1,000,000 shares of Zynex common stock subject to the Option. The combined effect of the cancellation and the cashless exercise provision, if the cashless exercise part of the Option is exercised in full and the market price of the common stock at that time is the same as the closing price on October 21, 2008 ($4.80), would be a reduction of 1,027,000 in the number of shares issuable under the Option.
Stalwart received the Option in 2004 for services. The Option was originally for a total of 1,900,000 shares of Zynex common stock at exercise prices ranging from $0.40 per share to $4.00 per share. Previously Stalwart exercised the Option for 100,000 shares at $0.40 per share, leaving the Option exercisable for a total of 1,800,000 shares of Zynex common stock. Pursuant to the amendment, the following parts of the Option for 1,000,000 shares can be exercised for cash or by conversion in a cashless exercise: 400,000 shares at $1.75 per share; 200,000 shares at $2.00 per share; 200,000 shares at $2.25 per share; and 200,000 shares at $2.50 per share. A cashless exercise means that shares having a then fair market value equal to the total exercise price are not issued upon an exercise of the Option and are used in essence to pay the exercise price.
The following parts of the Option for 600,000 shares were cancelled by the amendment: 200,000 shares at $2.75 per share; 200,000 shares at $3.00 per share; and 200,000 shares at $3.50 per share. The balance of 200,000 shares subject to the Option remain exercisable for cash only at $4.00 per share.
we'll be just fine
who knows...but A) they are still in small markets...and B) europe has not come on line yet..Can they keep this growth..who knows ....but what i do know is that their business model is definetely working.
trend...ireland also assured its people that any amount in banks weather it be 50 euros or a ziilion will be insured...this action creates no run on their banks...thats also why the brits dont like it...imo, something that should be done here, help minimize the fear.
qlt...and they never paid for it...so what does that tell you..."Knowles took deliver in Feb. 07"
and no word from ir on why.
best to you,
boomer
rhino..ncc premarket 3.90 weeeeeeeeeeeeee great call
rhino; ncc...weeeeee good call up 90 pennies
non issue imo..zyxi..is growing with salesreps and expansion into europe.eom
put me down for 2556 ..best to all
ditto..i use etrade..unlimited shares for ob stocks one set price $9.99
ehren..hello neighbor...cleveland, ohio...do you know if there is a rep for cleveland...i could hook him up with a prominent sports doc in the east side county area. the doc is almost like family, he has helped me thru my chapters of running injuries, and being stupid on a boogy board.
best to you,
boomer
ehrenn/ghmm thanks also..ehrenn i do have a question...what town/city do you work in....just curious.
a great day today...nice to see...eom
ot..MikeS97707...congratulations DAD with Rosemary, a little belated...best to you and mom
this is the part i like "Commenting on the recent development, CEO Thomas Sandgaard said the company is happy to see orders continue to increase and post another record month. With the impact of increased orders, Zynex can look forward to solid growth over the next several quarterly reports."
question: does anyone know the current sales rep count?
last i remember we were at 52 with the plan to be at 100 by years end.
good call raw...eom
indianapolis colts for me..thanks
good morning Penn...thats the attitude i like to see :)
Ot; 2 on 2....so how are you?...
you still bike riding?...
if so whats your latest excursion
we chatted a couple years ago on Raging Bull..(boomerang on RB)
Take care,
Best to you,
boomer
last month they came out on the 5th
probably due to a lot more orders...
longer to count....
just having fun...
looking for a good month
best to you mike
this is the part of the pr i like..The benefits this completed project brings both companies are enormous. The metrix behind each of the phases will prove the viability of both the product and market place. Stevens further stated that, ``The technologies and methodologies used in this series of products is not simply evolutionary, but revolutionary in execution and function. It will usher in a whole new spectrum of delivery to the industry.''
The product, a joint development between AccessKey IP and CSI Digital, is scheduled for delivery before the end of the year.
you gotta love this part...."This is a pivotal day for Electronic Game Card," commented Lord Steinberg. "This Company's core technology is quite novel and very much the precise next generation product for which the gaming industry has been searching. It is my intention to take this company to the next level by introducing revenue opportunities that companies of this size would take years, if ever, to attract. Today our company is on solid financial ground, after witnessing nothing less than a remarkable turnaround over the past two years. We intend to deliver a similar feat going forward as we penetrate the market at a more accelerated pace."
ditto...best to all
Rawnoc..hey..nice to see you back posting..best to you
i see itkg poked its head out of the sand this am
60 pennies.
my hunch is also in the 2,400 range..best to all.
an excellent day.eom
yup
houtheman.best to you...as Raw & Mike would say....zyxi is running like a headless chicken
wow what a ride today...will it print a new high...best to all
when does there next qtrly come out...since name change
i cant find their last 10q.
thanks
best to all.
what a heck of a day..champipple for everyone. :)
weeeeees for everyone
another monster day in volume 500,680 as i post...best to all
another great month...bring on europe.weeeee
will we see 2,000 orders for july? bring it on!
i called ...they are not issueing more shares.
penny...ok,,im curious also,,,can i email you also. eom