$$$$$$$
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Very nice!
Ready for take-off? Countdown for MPWE-rocket launch: 10 - 9 - 8 - 7 - 6 ....
I`ll crap some more .0009`s and .001`s Monday - if they let me! LOL
Thx - agree! MPWE could move into Pennyland fast, now!
-imho-
WOW! Nice! Looking forward to Monday - I think I will try to add some more cheapies then...
This seems to be a real OTCBB company at its bottom.
Their eDoorways product could be very useful for everyone. Here is one piece I got from the 10K verbatim to explain how it works...
...an example of how the eDOORWAYS portal might work, imagine that your hot water heater in your home is not working correctly. Unfortunately, troubleshooting malfunctioning hot water heaters is not your area of expertise. To garner the information you need, you enter the eDOORWAYS web portal on your laptop computer. In eDOORWAYS , you are escorted to the Home Improvement lifestyle area, where subject matter experts representing home improvement product and service vendors offer to lend a hand. You select a local vendor who introduces John, the hot water heater troubleshooting expert. With John's knowledgeable guidance and support, you gain the expertise necessary to diagnose the nature of the problem - a worn out coil. John offers to have a new one sent over immediately from their store down the street, or they can have it waiting for you to pick up. However, you decide that maybe its time for a new and larger 75 gallon heater. John points you to their water heater manufacturer's representative, who assists you in making a purchase choice. Shortly thereafter, the new heater is on its way to your home.
While this is an example of how eDOORWAYS might help solve a home improvement problem, the concept of "lending a helping expert hand" to assist you in your moment of need is potentially applicable to all lifestyles and avocations. In each case, the service will be entirely free to consumers - we will be paid by vendors in the form of a percentage of each sales transaction.
v/r
Sterling
Monday and the rest of the week could be huge for MPWE-investors! MPWE gained MOMO, now!
** Private investors issued seven year warrants to purchase 30,000,000 common shares at an exercise price of $0.10 per share.
~ In addition, M Power periodically issues warrants to purchase common stock as an incentive, as compensation for services or settlement of debt to officers, directors, employees, and consultants.
~ M Power has warrants outstanding to purchase 46,666,667 shares that were issued in connection with financing transactions. All of these warrants are currently exercisable. These warrants have an exercise price of $0.10 and expire in 2009.
** This means that they feel that .10 cents is a discount and fair price to pay for shares of MPWE at some point in the future considering MPWE implement their business plan as it appears they are doing.
** This means that for MPWE to give their employees warrants to purchase shares at .10 per share for their services rendered is a huge sign of support that their employees must be very confident in the future of MPWE. The best thing to do to help see the possible magnitude of something like this is to ask yourself: What would you have to know to feel confident that such a deal to purchase shares at .10 per share was presented to you as a discount?
MPWE, from its 10K filed on 2 Apr 07…
Below are some things that caught my attention when I researched and scanned the MPWE 10K…
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001377742%252D07....
(Pay particular attention to what’s in bold below.)
** Trades on the OTCBB with consistent SEC filings.
** The Outstanding Shares (OS) = 182,424,688 Shares (From TA)
** The Authorized Shares (AS) = 250,000,000 Shares (From TA)
** It’s Market Capital at its opening price of .0008 per share today = .0008 x 182,424,688 = $145,939
** Working prototype of eDOORWAYS ready for demonstration in June, 2007
** eDOORWAYS ready to serve the public to generate Revenues in August, 2007
** Private investors issued seven year warrants to purchase 30,000,000 common shares at an exercise price of $0.10 per share.
~ In addition, M Power periodically issues warrants to purchase common stock as an incentive, as compensation for services or settlement of debt to officers, directors, employees, and consultants.
~ M Power has warrants outstanding to purchase 46,666,667 shares that were issued in connection with financing transactions. All of these warrants are currently exercisable. These warrants have an exercise price of $0.10 and expire in 2009.
** This means that they feel that .10 cents is a discount and fair price to pay for shares of MPWE at some point in the future considering MPWE implement their business plan as it appears they are doing.
** This means that for MPWE to give their employees warrants to purchase shares at .10 per share for their services rendered is a huge sign of support that their employees must be very confident in the future of MPWE. The best thing to do to help see the possible magnitude of something like this is to ask yourself: What would you have to know to feel confident that such a deal to purchase shares at .10 per share was presented to you as a discount?
~ Equity compensation plans approved by security holders to exercise options to purchase 39,321,747 at .2402 per share.
** Mr. Kimmons, the CEO, new employment agreement, since 3 years after 1 Feb 03, automatically renews at the end of each term for consecutive one-year terms, provides for an annual base compensation of $240,000 and non-qualified stock options to purchase 3,000,000 shares of Common Stock under the Company's 2003 Stock Option Plan, at a purchase price of $0.18 per share.
** Mr. Kimmon has part of his salary, $20,000 of which was paid through the issuance of warrants to acquire 80,000 shares of common stock exercisable at $0.35 per share until December 31, 2007.
** Mr. Meador, a member of the Board of Directors, received a warrant on December 31, 2005 to purchase up to 300,000 shares of unregistered common stock exercisable at $0.08 per share until December 31, 2011. (a little DD on Mr. Meador)
http://www.zoominfo.com/search/PersonDetail.aspx?PersonID=338397227
** Mr. Kimmons received a warrant to purchase up to 2,600 shares at the exercise price of $70.00 per share exercisable until December 31, 2007, which represented part of Mr. Kimmons' compensation for 2002; (b) a warrant to purchase up to 400 shares at the exercise price of $70.00 per share exercisable until December 31, 2007; and (c) an option to purchase up to 15,000 shares at the exercise price of $36.00 per share.
** As for their IR Firm, the contract with Booke and Company Inc. has recently been extended an additional 6 months at the rate of $6,000 per month. According to the 10K, this new period would begin 1 Apr 07. Booke will perform services for MPWE in all areas generally considered to be investor relations.
**Since we have not seen any announcements of developments and other news through Newswire, Businesswire, etc., I’m thinking they re-hired them because the time must be near for them to begin their marketing campaign or they would have allowed their elapsed time to pass.
~ MPWE was incorporated in Delaware.
** Financed from private investors $2,000,000 in which repayment will be in the form of secured convertible debentures in which the earliest maturity date for conversion into common shares is 18 Apr 09 with a 6 percent interest rate.
** Secure short-term financing from Investment Bankers of at least $10 million.
Now this is kind of tricky because you got to wonder how they are planning on doing this. First understand that any stock you buy is eventually going to sell shares into the market to finance their product, service, or business. That’s why any stock trades in the market. The key is to know and understand the “how, what, and when” and at what prices that this selling will more than likely take place. Those are some of the key unknown variables especially within the pink sheets. Since MPWE has a consistent history of filing with the SEC and trades on the OTCBB, their transparency is more believable than your average pink sheet stock.
* The $10 million in financing is a large amount if they are planning on doing this through Convertible Debentures (CDs). The good news is that if they do use CDs to finance, then you know that the conversion date for those CDs would probably be no earlier than 2009 which would give any investor more than enough time to see if their business plan will be implemented. However, as another piece of thought, read and consider the piece below from the MPWE 10K verbatim as to where the $10 million is coming from…
M Power is working with investment bankers to raise $10,000,000 in 2007 to facilitate the implementation of our business plan for the next 12 months. Our business plan assumes that the $10,000,000 of funding will be received by mid-year, 2007. In summary, this funding will be used for:
* $1,000,000 in computer purchases and facility construction
* $3,000,000 to retire existing debt
* $6,000,000 as working capital and to launch the product successfully into the marketplace
Revenues:
Over the next 12 months, M Power anticipates generating a minimum of $2,500,000 in revenues from our e-Commerce platform, advertising , distance learning, consultative services and marketing services.
** The above leads me to think that they will receive some funds/loan from a bank very soon and will be allowed to pay the $10 million back in installments over a period of time as they generate Revenue from them proving their business plan to the bank to receive their support. Also, although I’m not sure just yet how they are going to obtain the $10 million, $3,000,000 of that will be used to retire their debt to make them debt free. I do not think that we will see any kind of “significant” to “if any” dilution from MPWE to implement their business plan.
From checking out the MPWE team of professionals, which is an award-winning Smart One teaching technology and marketing expertise team, I can see how raising $10 million is very doable while still obtaining the necessary support for the share price to continue appreciating:
~ Carmel Consulting - a seasoned Silicon Valley development firm specializing in developing collaborative web platforms. Check out their clients list.
http://www.digitalcarmel.net/clients.html
~ Technical Objectives, Inc. - an artificial intelligence scientist from AT&T research labs; a proven computer based training expert.
~ Marty Lobkowitz - the former VP Mktg. for Office Depot; a channel marketing consultant to top retailers including Home Depot, Comp USA, Best Buy and others.
~ Graj & Gustavsen - highly touted NYC branding consultants (branders of Oshkosh; Tommy Hilfiger; Target; many others). Click on portfolio and click on clients to see who all they support.
http://ggny.com/flash/index.html
~ Telcordia - an innovative NJ based government contractor specializing in advanced software technology and network design. Check out their current 31 partners to include Nokia, IBM, HP, SUN, Swisscom IT, and more.
http://www.telcordia.com/partners/profiles/
Please understand that the above thoughts are some things that I had gotten from a quick scan of condensing 40 pages of information down to 4 pages. Please read the 10K yourself and make your own investing decision based on what you gather from your due diligence (DD). Believe me, I’ve had my share of seeing things correctly and incorrectly and I’m sure I will see things on each side again too. I have only shared why I see MPWE as a good trading and investing opportunity as a solid penny stock with some nice potential that’s on the OTCBB for a change with a decent share structure and not the pink sheets.
v/r
Sterling
You are right bro - sry - my mistake.. Next week we should get NEWS!
Marketcap: $234,150.-
Net Income Applicable To Common Shares $221,000.-
http://www.finance.yahoo.com/q/is?s=mpwe.ob
A/S is only 275m - so it should be not possible that O/S raised to 350m as you stated! LOL
OTCBB Company Profile
MPWE - M POWER ENTERTAINMT Click here to order Full Report
M Power Entertainment Inc.
2602 Yorktown Place
Houston, TX 77024
United States
Phone: 832-284-4276
Fax: 646-304-5504
Gary F. Kimmons, CEO
SIC Number: 7375
Fiscal Year End: 12-31
Industry: Media/Entertainment
Transfer Agent: American Registrar & Transfer Company
CIK: 1024095
Market Maker List
Share Data
--------------------------------------------------------------------------------
Authorized Outstanding
Date Shares Source Date Shares Source
12/31/2005 275,000,000 10KSB/A 05/08/2007 212,867,688 MGFS
MPWE CMTN weeeeeeee
MPWE CMTN weeeeeeee
MPWE CMTN GBDX weeeeeeee
MPWE very strong! Next leg up, soon!?
MPWE very strong - just day no.1 - news expected!
MPWE (good) news expected!
MPWE sth big is coming!?
Agree! WEEEEEEEEEEEEE
UT - .0014`s up again! If we could break .002`s - that would be a major breakout!
..sth big must come here!?
Just day no.1 for MPWE!
-imho-
MPWE weeeeeeeeeee BIG NEWS expected!
NTBK -- Net Bank, Inc.
Com (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NETBANK INC files Form 8-K, Current Report
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 15, 2007
NETBANK, INC.
(Exact name of registrant as specified in its charter)
Item 1.01 Entry Into a Material Definitive Agreement.
On June 15, 2007, NetBank,
FSB (the “Bank”), a wholly-owned subsidiary of NetBank, Inc. (the “Company”), entered into an Agreement for Purchase and Sale of Servicing (the “Purchase Agreement”) with EverBank, a federal savings bank, pursuant to which the Bank has agreed to sell its remaining mortgage servicing rights (the “MSRs”) to EverBank for approximately $27.2 million, subject to adjustment as set forth in the Purchase Agreement. The MSRs have a related unpaid principal balance of approximately $3.2 billion as of May 31, 2007. The Company anticipates that the transaction will result in a loss on sale of approximately $7.5 million at close. The sale is expected to close on, and the MSRs transfer effective as of, July 2, 2007. As previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on May 24, 2007, the Bank entered into an Asset Purchase Agreement with EverBank dated May 18, 2007, providing for the transfer of certain other assets and liabilities of the Bank (the “APA Transaction”).
The Purchase Agreement calls for EverBank to retain a holdback of 10% of the purchase price, which holdback would be released to the Bank upon the Bank’s fulfillment of certain obligations commonly associated with MSR sales. In particular, 50% of the holdback would be paid to the Bank upon the Bank’s completion, in all material respects, of the delivery requirements in EverBank’s transfer instructions and EverBank’s receipt of at least 75% of the recorded assignments for the mortgages being transferred. The remaining balance of the holdback, less $300,000, would be paid to the Bank upon EverBank’s receipt of at least 95% of the recorded assignments for the mortgages being transferred. The remaining amount of the holdback would be paid to the bank upon EverBank’s receipt of all remaining delivery requirements set forth in the Purchase Agreement. In addition, EverBank may withhold, in good faith, other amounts equivalent to the out-of-pocket damages and expenses EverBank expects to sustain if the Bank’s representations and warranties are found to be false in any material respect or if the Bank has otherwise materially defaulted under the Purchase Agreement; provided that notice has been delivered to the Bank and an acceptable cure has not been effected by the date such holdback payment is due.
The Purchase Agreement contains standard representations, warranties and covenants on the part of the Bank and EverBank. Also, the Bank has agreed to certain standard indemnities for losses, damages and claims relating to misrepresentation by it under the Purchase Agreement, defects in mortgage loans transferred, acts or omissions relating to the servicing prior to transfer, failure of the Bank to produce any payment history relating to any of the loans, or any litigation due to acts or omissions prior to the transfer. EverBank has agreed to certain standard indemnities for losses, damages and claims occurring after the transfer.
The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by the full text of the Purchase Agreement attached hereto as Exhibit 10.1 and incorporated by reference herein.
The Purchase Agreement has been included to provide investors with information regarding its terms. Except for its status as the contractual document that establishes and governs the legal relations among the parties thereto with respect to the transactions described above, the Purchase Agreement is not intended to be a source of factual, business or operational information about the parties.
The representations, warranties and covenants contained in the Purchase Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed to by the contracting parties, including being qualified by disclosures exchanged between the parties in connection with the execution of the Purchase Agreement. The representations and warranties may have been made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as
facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, the Bank or any of their subsidiaries.
NTBK go go go!
Bullish open, again ..and now some tree shaking (every day the same) - MM`s still play with NTBK! LOL
NTBK beautiful bullish chart!
http://www.investorshub.com/boards/read_msg.asp?message_id=20813509
ROFLMAOOO ..that`s life! Life isn`t fair - it`s hard and in an unfair way, isn`t it? LOL
..this is my secret! LOL
SEC MUST DO SOMETHING - if not something is wrong with our system! ..we have to be patient I think!?
Is O/S and A/S still the same? Anybody called TA recently?
NTBK could fly high - it`s a NASDAQ stock - PPS must go to at least 1 USD, if they want to stay there, AND FOR SURE THEY WANT - believe me!
Chart is looking very bullish, totally agree! Next leg up is coming!
NTBK could fly high - it`s a NASDAQ stock - PPS must go to at least 1 USD+, if they want to stay there, AND FOR SURE THEY WANT - believe me!
Chart is looking very bullish, totally agree! Next leg up is coming!
Welcome Penny_TA, my friend - VERY NICE to see you here!! NTBK is well prepared for a major breakout!
Let`s fly to da moon together with this rocket-stock!
The restricted shares from the ex-JPHC-shareholders are not restricted any more!
They were only restricted for exactly 1 year!
Mon, May 21, 2007
8:00 AM NetBank Reaches Agreement With EverBank for Sale of Select Assets and Assumption of Deposit Liabilities - PrimeNewswire
Tue, May 15, 2007
5:00 PM NetBank, Inc. Receives Additional NASDAQ Notice of Non-Compliance - PrimeNewswire
Tue, May 01, 2007
4:16 PM NetBank Sells ATM and Merchant Servicing Operation - PrimeNewswire
Fri, Apr 06, 2007
4:00 PM NetBank, Inc. Honors Director Robin Kelton - PrimeNewswire
Fri, Mar 23, 2007
4:45 PM NetBank, Inc. Receives NASDAQ Notice of Non-Compliance - PrimeNewswire
Wed, Feb 21, 2007
6:30 AM NetBank, Inc. Reports Results for Fourth Quarter 2006 - PrimeNewswire
Mon, Jan 08, 2007
9:01 AM NetBank, Inc. Closes Private Placement of Common Stock - PrimeNewswire
Wed, Jan 03, 2007
9:00 AM NetBank, Inc. Announces Pricing of Private Placement of Its Common Stock - PrimeNewswire
Thu, Nov 16, 2006
10:15 AM Marriott Rewards(R) Members Save Their Way to a Free Vacation With NetBank - PR Newswire
Wed, Nov 08, 2006
7:00 AM NetBank, Inc. Reports Third Quarter Results - PrimeNewswire
Tue, Nov 07, 2006
4:30 PM Financial Technologies, Inc. Announces Decision to Close - PrimeNewswire
4:00 PM NetBank, Inc. Appoints Christopher H.B. Mills to Its Board of Directors - PrimeNewswire
Mon, Nov 06, 2006
9:00 AM NetBank, Inc. Continues Strategic Reorganization With Disposition of Meritage Mortgage and Beacon Credit Services - PrimeNewswire
Fri, Oct 13, 2006
9:08 AM NetBank Sells Majority of Its Mortgage Servicing Rights - PrimeNewswire
Wed, Oct 11, 2006
5:30 PM NetBank Makes Draft of 2007-2008 CRA Strategic Plan Available for Public Review - PrimeNewswire
Tue, Oct 03, 2006
7:00 AM NetBank, Inc. Announces Change in Executive Leadership - PrimeNewswire
Wed, Sep 20, 2006
8:30 AM NetBank Recognized in Gartner's CRM Excellence Awards - PrimeNewswire
Wed, Sep 13, 2006
8:30 AM NetBank Announces Marketing Alliance With ATA Airlines - PrimeNewswire
Fri, Sep 08, 2006
8:30 AM Danielson Joins Market Street Mortgage as Loan Officer - PrimeNewswire
Thu, Aug 24, 2006
8:30 AM NetBank Announces Marketing Alliance With uBid.com - PrimeNewswire
Tue, Aug 08, 2006
6:30 AM NetBank, Inc. Reports Loss of $.68 per Share for the Second Quarter - PrimeNewswire
Thu, Jul 20, 2006
8:30 AM NetBank Announces Marketing Alliance with Hilton HHonors - PrimeNewswire
Wed, Jul 12, 2006
9:01 AM Financial Technologies, Inc. Adds First Horizon Bank to QuickPost Deposit Forwarding Service - PrimeNewswire
9:00 AM Check 21 Makes Quicker Deposits Available to Customers of First Horizon Bank Practically Anywhere in the Country - PrimeNewswire
Thu, Jul 06, 2006
8:30 AM Financial Technologies, Inc. Adds Dime Savings Bank to QuickPost Deposit and Payment Forwarding Service - PrimeNewswire
Thu, Jun 22, 2006
8:30 AM NetBank Funding Services Introduces New Tools to Streamline Loan Submission Process and Simplify Closing Packages - PrimeNewswire
Thu, Jun 15, 2006
8:30 AM NetBank Announces Marketing Alliance with Marriott Rewards - PrimeNewswire
Wed, May 24, 2006
8:30 AM NetBank Announces Marketing Alliance With ShopAtHome.com - PrimeNewswire
Wed, May 17, 2006
8:30 AM NetBank, Inc. Named as Finalist in 2006 American Business Awards - PrimeNewswire
Tue, May 16, 2006
8:30 AM NetBank Payment Systems Names De Lone Wilson President - PrimeNewswire
Thu, May 11, 2006
8:30 AM Silver Hill Financial(R) Announces Strategic Alliance With Netbank(R) for Small-Balance Commercial Loans - PR Newswire
8:30 AM NetBank Introduces Commercial Loans for Small Businesses - PrimeNewswire
Thu, May 04, 2006
8:30 AM NetBank Named International Success Strategy Winner By AberdeenGroup - PrimeNewswire
Wed, May 03, 2006
8:30 AM NetBank, Inc. Holds Annual Meeting of Shareholders - PrimeNewswire
Mon, May 01, 2006
7:30 AM NetBank, Inc. Pursues Possible Sale of its Mortgage Servicing Platform and Asset - PrimeNewswire
Tue, Apr 18, 2006
8:30 AM NetBank Payment Systems Receives the 2006 Reader's Choice Award From Convenience Store Decisions - PrimeNewswire
Mon, Apr 17, 2006
7:00 AM NetBank, Inc. Analyst-Investor Meeting Focuses on Long-term Outlook and Key Initiatives - PrimeNewswire
Tue, Apr 04, 2006
12:19 PM AberdeenGroup Selects SSA Global Customer, NetBank, as Customer Intelligence Success Strategy Winner - Canada NewsWire
12:13 PM AberdeenGroup Selects SSA Global Customer, NetBank, as Customer Intelligence Success Strategy Winner - PR Newswire
Thu, Mar 30, 2006
8:30 AM NetBank and BizFilings Team Up to Serve Small Businesses - PrimeNewswire
Tue, Mar 28, 2006
6:16 PM Financial Technologies, Inc. Adds Navy Federal Credit Union to QuickPost Deposit and Payment Forwarding Service - PrimeNewswire
Mon, Mar 20, 2006
8:30 AM NetBank, Inc. Schedules Annual Analyst-Investor Meeting - PrimeNewswire
Thu, Mar 16, 2006
8:30 AM NetBank Announces Marketing Alliance With the Lehigh University Alumni Association - PrimeNewswire
Tue, Mar 14, 2006
8:30 AM NetBank Payment Systems Launches Community Bank Cooperative Program - PrimeNewswire
Thu, Mar 09, 2006
8:30 AM Financial Technologies, Inc. Adds ebank to QuickPost Deposit and Payment Forwarding Service - PrimeNewswire
Wed, Mar 08, 2006
8:30 AM NetBank Announces Marketing Alliance With drugstore.com - PrimeNewswire
Tue, Mar 07, 2006
8:30 AM NetBank Announces Marketing Alliance with OnRebate.com - PrimeNewswire
Fri, Mar 03, 2006
8:30 AM NetBank Receives Regulatory Approval of Amended 2005-2006 CRA Strategic Plan - PrimeNewswire
Thu, Feb 09, 2006
8:30 AM NetBank Announces Marketing Alliance with TigerDirect.com - PrimeNewswire
Tue, Jan 24, 2006
8:30 AM NetBank Announces Marketing Alliance With Broadband National, Inc. - PrimeNewswire
NTBK
NTBK