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Traction, spelling error. We will see soon enough, but he seems happy.
David says they have taction now and we will see news within 2 weeks or so. Take it for what it is.
Hopefully by mid May we will hear something regarding Transaxs' future. That is the latest!
Here we wait, as usuall.
mcmike,
To answer that last question on payroll, here is the answer I received:
I think the individual means Accrued payroll taxes with Brazil Government ie payments of taxes by installments.
The company has negotiated all of these back taxes – some 13 individual agreements with installments up to April 2011. This is typical in Brazil .
The company undertakes the payment of the installments on a monthly basis (US$15,000 approx) so in 2007 estimate US$180,000
Kinda surprised we didn't see any selling due to the 10k. I guess investors don't realize the LOI was terminated. They must not read much.
one thing that I did not like was the rise in IR cost. What has the hired IR co. done for Transax?????
Looking for some kinda news, bad or good.
picked up 3000 just b4 close in the IRA. I will continue to nibble at the small lots as the mm's allow me too. David told me something good is in the works, but that is all he can say.
I have noticed that in my recent dd. I want this to drop just below .04. Shall see. As for the deadline of the 30th, don't hold your breath, penny companies usually go past those deadlines. But, it may close on time.
Give you a company that you should buy, thank me later. TNSX, Seriously, something is up and we will find out soon enough. I believe a higher buyout is comming. Could be wrong, but makes alot of sense due to the 10k just put out.
Newbridge Securities Corp.
FT LAUDERDALE, FL
954-229-9818
BACKUP LINE
954-334-3450
Anyone else thinking we may be have a buyout of Brazilian opps at higher prices, beings we should have gotten higher prices to begin with? I hope so, otherwise maybe Transax has decided to keep Brazilian revenues as we are still waiting on the US take-off. Brazil has much potential. Questions and more questions needing answered. L8ER
SOMETHING IS UP!! I too thought we were making a dent into payroll. Any panic sellers comming my way???? I also thought it to be strange, the deal continued to drag out way back when they began this process, till now. Should have been closed atleast a month ago! In for fireworks one way or another. GLTA
Finished off the wifes IRA with a small 3800 buy at .07. I tried lower but no takers, then a mm dropped it. What else is new?
Some solid buys going through today
A few with nice jumps today, ONT 14%, TRBM 15%, OZN 12%. TRBM and ONT look good longer
mike, AMKR, CGR, SLW, ARSC keep an eye on. 3 have been doing good. ARSC, I hope falls below .04, but someone loaded up over an hour ago. L8ER
WHAT! Email me at crabbermike@yahoo.com
Mr. Breeze
Mr. Breeze!
mcmike, U still here?
top10, place an order to sell at .06, be glad to pick them up.
top10, I was and am already aware of this. You roll the dice with pennystocks. I decided to stay it out. They do have a viable interest, with Much potential. The sale will be a huge plus financially to them.
As far as the US, I was told Brazil is much further along than the US in this field. Transax actually has to trim some of Medlink's capabilities to coordinate with the US. NHS is the key!
Wish you the best, L8ER
top10, I understand your post. The reason I began buying up shares of Transax over a year ago was because of the potential growth I felt they could get.
I have been unhappy with many aspects though, including NHS Pilot program taking 4ever to start. I was told in the end of December, it was just about ready to launch. Then, Jan it was ready. I feel if there is any questions as to a potential start time, keep your mouth shut.
Also, IR is a joke, done nothing since being hired a year ago. When I first began buying, I brought more buyers then the company could generate. The word just seems to never get out. Hopefully, things will change soon enough. Hopefully, this deal Will get closed b4 the end of April. Stating Feb. 28th was a huge mistake to make, investors don't like missed timeframes. Keep it shut once again. Companies never seem to learn though. Shall see
GLTU
Thanx Jerry! I have plenty of shares, just want the deal finalized so we can move forwards. April 30th is comming fast. I am tired of dealing with IR as of yesterday.
GLTU
This company is a joke! WTF is going on? David don't know shit. R they ever going to close? What is the future? NHS is at a stand still. Should have kept Brazil!
Almost time to bail
Yes, we should have the documents signed by the end of the month. I have just learned we may need a shareholder vote which means we could have the funds in escrow by the end of the month but would have to wait until the vote to get the funds. Getting the vote is a technical issue since Stephen and his friends own over 50% already.
David says the Brazilian transaction SHOULD be closed in a couple weeks! WTF, this is becomming a joke.
Not sure about the dividend, still just a discussion internally. As for Medlink solution being sold elsewhere, we continue to talk to companies. This typically is a longer sales cycle than most, but not uncommon. We will keep you posted via press releases as we have announcements to make.
Regards,
David Sasso
Vice President
Investor Relations & Corporate Communications
Buying more, I couldn't help myself. Markets got hammered, bout time! CRUS,LVLT,AMKR,GERN,BWTR, as well as good old Transax got hit some. Buying opp
Nice looking day with Transax once again. Should I buy or should I not???? mcmike, I hear you! they just don't have a clue it seems. Wasting so much with such a huge potential is sad.
Now I have to decide to buy another block, damn!
Stephen will be updating investors on where we are headed as soon as the deal is closed.
I want to see US contracts, as well as NHS launch. David says he can't release anything regarding NHS till they give the go ahead. It is in NHSs' hands.
Tired of these ridiculous low prices.
Hey mcmike, what is your opinion on Stephen and company buying up some of the float once the deal is closed?
L8ER
Transax was mentioned in Union Dentals press release today:
2. Payment and Claims Adjudication Network ("PCAN"). Union Dental has, over the past several months, created a strategic alliance with Transax International. Our idea was to create a system where we would be able to go on-line and: (1) verify the benefits of the union member; (2) submit the claim; (3) get immediate real time adjudication; and (4) actually have a financial system in place to get the doctor a payment in 24-36 hours. All of this would be done on-line and in a real-time format. We believe that many doctors would pay a respectable fee to receive their money in 24 to 36 hours. Currently there is no company in the USA that can complete all four phases in a real-time on-line format.
This isn't traditional Account Receivable Financing (ARF). In ARF there are many charge backs, insurance company squabbles over procedures and costs from 12-18% for the services. In our PCAN concept, we have no charge backs because the claims have been adjudicated in real time; therefore, the doctor is guaranteed money from the insurance company. We place the financial institution in between at a cost of about 3-5% for the service to pay them in 24-36 hours. Everyone is happy and there are no charge backs.
Transax is going to be on time or near time for the closing of the Brazilian sale, from David. Looking forwards to seeing the cash per share after debt is gone. Should be close to .12!
TNSX .08 x .09, 8 million float with news in the short term on the way. DD this one
TNSX bid and ask have tightened considerably in the last week. The smallest buying brings it up, especially with the 8 million float. News within the next two weeks is quite likely. L8ER
TNSX, IAIC, GTCC all low floats with positive happenings. TNSX is my fav as multiple releases are in the works over the comming weeks!
TNSX, moves fast, with the finalizing of there buyout closing in showing cash per share of .12 in the bank!! Very low float, check it out.
IAIC ia another as is GTCC if looking for low floats!
Well, things to look forwards to over the comming weeks, include the buyout finalized. Also, NHS FINALLY announced the Pilot program has begun. Any possible JV's with US HSA's. Shareholder letter updating investors on where we are headed, as well as cash per share in the bank!!! Lastly, I hope they announce a possible buyback of up to 1 million shares in the open market at there prices.
Looks as if mm's want to move us up when we get volume.
L8
When we get this deal Finalized, with the money in the bank, we should move higher. I am done buying regardless of news. I know this much, we need exposure as this will move fast IF we EVER get substantial buying.
Looks like the mm's took it down to get shares today. A little buying and they start to panic. Continue loading up, only a matter of time
David says concerning NHS, they are working on including some new rules into the authorizer. Not a huge issue, but still changes are to be made. So, may not see news this week! What else is new?
He did say, once the deal is closed, they will outline where things are headed. I want to see news on other fronts, they have to be negotiating other deals!
L8ER
mcmike, Union Dental response I just recieved:
"The release you read has to do with an ongoing development with Transax and new companies to help develop the process with UDHI, TNSX and also these new companies. The technology for this development is constantly changing, therefore, the process with which needs to be developed constantly needs to be enhanced. We continue to work with Transax through our Strategic Alliance agreement. I hope this answers your question."
I will update Transaxs' response to this asap.
L8ER