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Ok, David at Transax will be getting updated on all the details regarding NHS the second half of this week. So, once he gets the details, we should see something. Might be next week, but you never know!
We will have just about 2 million to payoff, leaving Transax with 3.9 million cash. That is .12 per share in the books!!
Mcmike, haven't heard back from Union yet, but I talked to David and he said regarding that release, that is different than what Transax has. So, see if I can find out from Union.
Great buying opportunity right now!! L8ER
King, I feel the same! GLTA
I'll see what I can find out! L8ER
mcmike, I was told the same. Ball was in Unions court and they would just have to see if anything comes about.
Should be an interesting week. L8ER
aliangel, Good work! I am not a member so I can't privately mail you. The US is where the real revenue growth will be. I talk to the company an awful lot, as I have alot of money vested here. I can tell you, TNSX has big plans with apparently things on the table that we will all hear about in the future. The US rights are worth easily 4x's what they just got for Brazil. This can be much bigger than .30 or .40 per share.
Wish you the best!
TNSX! .10 per share cash with huge news comming!
Check out TNSX b4 it really runs! Go to the board for any info needed. 8 million float, .10 per share cash with US Pilot program announced very, very soon! Interest in MedLink HOSP ='s huge dollar amounts. Also, interest from US HSA companies, and overseas! 07 a year to remember!
chartin, TNSX has a 8 million float. Like you said, much is tied up with friends as well as family of the company. They know what they have with their company, as will many others this year! I have loaded up as well as continue to!
L8ER
If we would have 22 million trade in TNSX like EXCS, we would hit 5 Dollars in a day!!!! Well, a couple days, but not many!
I made money trading INFE when it was around years ago. This stock had a little higher float than TNSX's 8 million. It was trading in the teens when volume exploded for a few weeks. 2-5 million a day, ran to 5 bucks a share!!! Cha-Ching!
Anyway, TNSX tells me they plan to be a much bigger company in the year, as well as years ahead. They have the product, let's see if they get the word out.
L8ER
Some African countries have also expressed interest as well.
Don't forget to stop by RagingBull as well as Yahoo, I started boards on both. L8ER
Meant to say the Pilot progam should take no more than three months.
GLTA, I continue to buy mcmike, been loading up mine as well as my wifes Roths.
L8ER
OTC BB King, mcmike has a ton of research here for all. Look at his previous post, damn good work! As for Transaxs' NHS deal, look for news concerning a launch of the pilot program any day now! Don't be surprised with news this week, if not,definitely the following. IMHO!
A quote from David from Transax recently:
"The Good news is the pilot program should not have to last to long, and from what I understand it will go off without a hitch."
I understand the pilot will not take any longer than three months.
As for the float here, 8 million shares. Love to see the company pick up some shares under .20 for a couple hundred grand with the cash they will have on hand.
Not only will Transax have NHS, but MedLink HOSP, which has recieved interest and will bring larger dollar amounts rather than volume numbers!
They also have had interest from US HSAS!
Hope this helps,
L8ER
mcmike, We may also have US HSA's in the working! Some are definitely interested. Yahoo board is up and running for TNSX now as well guys.
Happy Thanxsgiving folks! L8ER
Press Release Source: Transax International
Transax International Reports Record Third Quarter Results
Monday November 20, 5:25 pm ET
Transaction Volume and Revenues Reach Record Levels
MIAMI, FL--(MARKET WIRE)--Nov 20, 2006 -- Transax International Limited (Transax) (OTC BB:TNSX.OB - News), a network solutions company for healthcare providers and health insurance companies, today reported record financial results for the third quarter ended September 30, 2006.
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For the quarter ending September 30, 2006, Transax generated net revenues of $1,115,930 compared to $948,993 during the third quarter of 2005, a 17.6% increase. The increase in revenue was reflected by continued growth in real-time transactions and continued installation of our software and services. Transaction volume increased to 2.04 million for the third quarter of 2006, an approximate 16.5% increase from 1.75 million in the third quarter of 2005.
Loss from operations in the third quarter of 2006 was $206,809 compared with $9,671 during the same period in 2005. Net loss for the third quarter of 2006 was $623,578 or ($0.02) per share, compared with a net loss in the third quarter of 2005 of $317,780, or ($0.01) a share. The Company incurred $1,322,739 in operating expenses for the third quarter of 2006, compared to $958,664 during the same period in 2005. The increase in operating expenses was due in part to higher product support services resulting from the increase in revenue, as well as higher professional and administrative costs.
For the nine months ended September 30, 2006, revenues were $3,131,832 compared to $2,450,424, an increase of 27.8%. Operational losses for the first nine months of 2006 were $3,684,533 compared to $2,554,988. Net loss for the first nine months of 2006 was $2,617,668, or ($0.08) a share compared to $583,641, or $(0.02) a share for the same period in 2005. The increase in net loss relates to the classification of the embedded conversion feature and related warrants issued in connection with our "Series A" preferred stock debenture payable as a derivative instrument.
Stephen Walters, President & CEO of Transax, stated, "Our revenues and transaction volume continued their steady rise during the quarter and our year over year growth remains strong." Mr. Walters continued, "During the first nine months of 2006, we executed over 5.8 million transactions compared to 4.78 million in 2005, an increase of over 21%."
About Transax International Limited
Transax International is an emerging network solutions provider for the healthcare sector. Utilizing its proprietary MedLink(TM) technology, Transax provides a service similar to a credit card processing for the health insurance and providers industries. A Transax transaction consists of: approving eligibility, authorization, auto-adjudication of the health claim and generating the claim payable files -- provided instantaneously in "real time" -- regardless of method of claim generation.
Transax's solutions have been proven to significantly decrease health insurance claim expenditures and healthcare provider costs. Based in Miami, FL, Transax maintains a major operations office in Rio de Janeiro, Brazil with approximately 35 staff. The Company has contracts in place with major health insurers in Brazil for up to 2,500,000 transactions per month and currently executes approximately 700,000 transactions per month, for which Transax receives approximately $0.55 cents per transaction.
SAFE HARBOR STATEMENT "THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN."
Contact:
Contact:
David Sasso
Vice President - Investor Relations & Corporate Communications
305.629.3090
Email Contact
http://www.transax.com
Andrew Barwicki
Tel: 516-662-9461
--------------------------------------------------------------------------------
Source: Transax International
That was a week with solid volume, from the beginning to the end! Stoked, I surely am! L8
4 days straight! Yeah baby!
3 days straight of HUGE volume! Serious buying going on, damn this is so unreal! 000000000shares traded, I just love this stock. I wonder how far we would drop if I unload between 2 and 300k shares? Well, by years end we will know if we see nothing released. L8ER to noone listening or reading!
David says management, friends as well as family of management own close to 65% of the shares. Why would the stock still trade around ten cents per share when the float is so tight???? Just some wondering outloud. L8ER
Post 138 has my email listed.
I just want a buyout now. Just seems Stephen is not a long term minded individual looking to continually grow a company. He has alot going on and would probably be happy moving on with his cash. The US operations, well who knows??? I don't think they will hit 6 mill in revenues this year as well. Was hoping, but mike U are right, Bradesco continues to drag their feet. Email me mike at my address I listed, I am not a paid member here, want to talk to you regarding one issue. L8ER
mcmike,
I think that if they see this larger company really interested in them, they may not need additional shares as to there thinking. I think I would load up on shares for every bit of return possible. But, this company is interested in only the Brazilian operations, not the shell. If revenues come in around 6 million for the year, I would sell for nothing less than double this years revenues. Originally, I thought a little lower, but too much revenue growth is in the future with MedLink, so get all you can. I think this will be the case, shall see. I just hope we don't have 65 million shares outstanding now. I'll find out for sure. L8ER
No idea as to aerlier today who was dumping. Just don't get it, especially with a offer from a much larger company possible anytime now. I just want to see a buyout at a fair price! Revenues continue growing, I would hope to be bought out no less than 10 million. Anyone care to guess? Hell, nobody is here. L8ER
email me crabbermike@yahoo.com
Transax International Engages North Bay Equity Partners to Evaluate Unsolicited Interest
Tuesday September 26, 8:15 am ET
MIAMI, FL--(MARKET WIRE)--Sep 26, 2006 -- Transax International Limited (Transax) (OTC BB:TNSX.OB - News), a network solutions company for healthcare providers and health insurance companies, today announced that in response to recent third party interest it has received to acquire Transax's Brazilian operations, it has retained the services of North Bay Equity Partners (North Bay) to act as the company's exclusive financial advisor.
North Bay (www.northbayequity.com) provides financial services and M&A advisory to businesses and management teams operating in Latin America. North Bay works with market-leading companies which possess strong management teams, differentiated products, and sound growth prospects.
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The company advised that it has not set a definitive timetable for its completion of its evaluation and further, that there can be no assurances that the evaluation process will result in any specific transaction. The company also advised that it does not intend to disclose developments regarding its evaluation of strategic alternatives unless and until its Board of Directors approves a definitive transaction.
Stephen Walters, President & CEO of Transax, commented, "Transax continues to aggressively execute on its business model, nearly tripling its revenues year over year. Due to recent unsolicited interest expressed to us, we have decided to retain North Bay to help us evaluate various strategic business options in an effort to best recognize the greatest shareholder value possible."
About Transax International Limited
Transax International is an emerging network solutions provider for the healthcare sector. Utilizing its proprietary MedLink(TM) technology, Transax provides a service similar to credit card processing for the health insurance and providers industries. A Transax transaction consists of: approving eligibility, authorization, auto-adjudication of the health claim and generating the claim payable files -- provided instantaneously in "real time" -- regardless of method of claim generation.
Transax's solutions have been proven to significantly decrease health insurance claim expenditures and healthcare provider costs. Based in Miami, Fl, Transax maintains a major operations office in Rio de Janeiro, Brazil with approximately 35 staff. The Company has contracts in place with major health insurers in Brazil for up to 2,500,000 transactions per month and currently undertakes approximately 700,000 transactions per month, for which Transax receives approximately $0.55 cents per transaction.
Safe harbor statement: "This news release may include forward-looking statements within the meaning of section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein."
Contact:
Contacts:
David Sasso
Vice President - Investor Relations & Corporate Communications
305.629.3090
Email Contact
http://www.transax.com
--------------------------------------------------------------------------------
42 trading days since we hit 100k shares traded for the day. Measily 13-15 grand. Very dissapointing!
I hope David and company can get the word out on Transax to the smaller investor. That is where you will get your daily volume from. So far, and hopefully David, reads this board, I am disappointed by the daily volume. L8ER
mcmike, Anything new with Transax? L8ER
mcmike, David also told me on August the 7th, the Cornell issue will be addressed in two months or so. Let me know what you find out in your dd. Thanx!
mcmike,David emailed me yesterday.
"This morning we put out an update announcing that our second largest client has increased their rollout planned, and we are very pleased. We are also in talks with Bradesco and it looks like we are on the same path there as well, but nothing to announce yet."
L8ER
Anyone here? Should be seeing some positive releases over the next several weeks. mcmike, R U still here or have you bailed? L8
Just read in a recent filing Transax is in the process of scripting and producing a feature to be aired on CNN's Lou Dobbs show for a "Business & Beyond" and on Alexander Haig's " Health Journal" Television series. L8ER
With prelims out, we now know the second half of theyear will show solid revenue growth. Many contracts will begin realizing revenues for the company the second half. So sar revenues are just over 2 million meaning 4 million + for the second half. Hope to see some buying here, solid story as well as company, just need to have that US pilot program started and finished. Then revenues should really grow. L8
Sure would be nice to see something positive happen here. Looking forward to Health Wellness as well as funding.
I must be talking to meself! LOL
Recieved my investor newsletter as well as Investor Profile page, excellent work!
I can't believe more people aren't picking up shares in Transax. What we need is for Transax to continue moving forwards, including favorable financing, rollout of the pilot program with Health Wellness, as well as US contracts!
Transax is working on bringing in large investors, which I believe is the key to helping the stock price move higher without all the ups and downs that involve mainly daytraders. But, we need small investors to hear the story as well. Word across the states is key in bringing in the daily volume. Right now, it is a joke. No small traders are hearing the potential Transax holds. IMHO only!
mcmike, I didn't have time to reply earlier. Once again, thank you for your input. I too am grateful these shars will be in longterm holders hands. That is more shares to the long side of the float. Now, looking forwards to a nice volume jump. This fall should be interesting as many of Transax's activities should be comming into fruitation. Shall see, but I am long regardless.
Thanx!
mcmike, What is your take on the 657,165 share trade just after hours at .15, bid now .15 ask is .20. L8ER