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yes, but they have to PR anything positive. wells, selling interests, etc. if they folded up last June because of the economy? whats going to get them to even spud a loser well now. I have watched the new base here at .0045-.005 but how long will that last? I don't know. JMO.
still holding all~eom
could be, I really haven't been watching that closely. almost all stocks have frequent sellers & this selling volume is as low as the float is. then again I bet a few of those 1.46s have been buys at the bid. JMO, :)
I think its officers conversion shares according to the filings. And since its officers it should not be abused to the pps too much. If we get .02 this Q should be .50 All JMO.
short interest looks dead; turn around time I think.
earnings CC on 2/3 1:30pm PST. eom
Possibility that the buyback will keep it in a channel for the most part till March 3rd? That's keeping me watching on the sideline for now.
Reorder 2 weeks after Walgreens deal! 73m float but no problem @ .13 This start-up co. could get positive earnings from .00 very quickly. Check the OBV on this.
Skinvisible Licensee Receives Reorder from Walgreens
New First Aid Antiseptic Product Made With Invisicare Selling Nationwide
LAS VEGAS, Jan. 28, 2010 (GLOBE NEWSWIRE) -- Skinvisible, Inc.’s (OTCBB:SKVI - News) licensee, JD Nelson and Associates LLC, announced today that reorders have been received as a result of the successful launch last week of their new product Safe4Hours® First Aid Antiseptic Skin Protectant in over 7,000 Walgreens stores (NYSE:WAG - News). Re-orders have been received from eleven of twelve distribution centers. JD Nelson licensed Skinvisible’s newly formulated first aid antiseptic lotion, a product which is formulated with the benefits of the Company’s patented Invisicare® delivery system. Safe4Hours® First Aid Antiseptic Skin Protectant with Invisicare binds to the skin, resisting both wash off and perspiration while continuing to kill bacteria for up to four hours and longer (www.safe4hours.com).
“We are very pleased with JD Nelson’s successful product launch with Walgreens, the nation’s largest pharmacy chain,” said Mr. Terry Howlett, President and CEO of Skinvisible Pharmaceuticals, Inc. “We anticipate further growth as their marketing campaign which includes print, radio and TV, ramps up over the next several weeks. We have recently shipped additional Invisicare polymer to fulfill their Walgreens re-order and we foresee continuous orders as they expand their distribution with additional mass merchandisers and pharmacy chains. Additionally, they are experiencing brisk sales of Safe4Hours skin protectant in Canada where it is available in Rexall, PharmaSave, Lawtons, Guardian and other pharmacy chains.”
Safe4Hours® First Aid Antiseptic Skin Protectant helps to prevent infections by reducing a broad spectrum of bacteria, including MSRA on minor cuts, scrapes, and burns as well as protecting and relieving chaffed, chapped, cracked and dry skin. Safe4Hours promotes the healing process by allowing the skin to retain its natural moisture.
According to the Center for Disease Control (CDC), MRSA (methicillin-resistant Staphylococcus aureus), a staph infection that causes severe infections, can be found almost anywhere in the community. Of the 12 million annual doctor visits for skin infections, MRSA is the cause in more than half. MRSA can be spread through contact with infected skin, surfaces or personal items such as towels. The CDC recommends parents be vigilant about their children’s hygiene. Initially just a hospital acquired infection, MRSA can now is commonly found in schools, dormitories, athletic facilities, military barracks, households, pris
they're really breaking those buys down. eom
20.5M float with good volume past 3 days, at bottom, could blow.
With all the slow selling, no income, & the float size, this just seems a little over-priced to me. I honestly don't know how it stays above .50 all the time. They better have a heck of a bunch of good news soon.
this seems to be staying reasonably strong, not much of a sell-off imo.
I got only 500 filled. Too slow.
If the FBI really wants to help they can go to Washington for corruption stings. Or is that too noble for them.
Big Shots Go Down at Gun Show
FBI arrests in a bribery scandal may leave the firearm industry wounded
By Paul Barrett
The setting was Las Vegas, but no one was expecting fireworks at this year's Shot Show, the annual gun industry trade convention. Sure, sales of firearms and ammunition rose in the wake of Barack Obama's victory, as Second Amendment buffs—fearing a Democratic Administration would push new restrictions on weapon ownership—rushed to stock up. Yet what the industry calls the "Obama stimulus" had already started to tail off by the time gun marketers converged on Las Vegas.
Then the feds crashed the party. The FBI used the convention to round up 21 industry executives who allegedly fell for an undercover sting in which they agreed to pay illegal kickbacks to the defense minister of an African nation. In exchange, the small arms marketers thought they were securing the opportunity to sell millions of dollars in weapons and body armor. Unfortunately for them, they were transacting business with FBI operatives posing as middlemen, according to indictments unsealed by a federal judge in Washington. A 22nd suspect was picked up in Miami. "This is one case where what happens in Vegas didn't stay in Vegas," said Assistant Attorney General Lanny Breuer at a news conference.
One of the men arrested in Las Vegas was Amaro Goncalves, a vice-president of sales for Smith & Wesson (SWHC), the largest U.S. manufacturer of handguns. A federal grand jury alleged that Goncalves agreed to pay a 20% kickback to clinch the sale of 1,825 pistols for use by the presidential guard of the African government (the name of the nation is not revealed in the court filings). Goncalves and the others stand accused of violating the Foreign Corrupt Practices Act, which prohibits bribery in seeking overseas business.
Goncalves' employer has not been charged, and neither has any other company. Smith & Wesson said in a written statement that it has "no information beyond what has been reported" and is "prepared to cooperate fully with law enforcement."
"Obama Stimulus" Fizzles
The arrests created a stir among attendees at the Shot Show. The FBI gave the organizers no warning and caught everyone by surprise, says Mark Thomas, spokesman for the National Shooting Sports Foundation, the show's sponsor. But Thomas denies the raid cast a pall over this year's proceedings. "It's business as usual," he says.
The gun industry still faces the fizzling of the Obama sales rally. While Smith & Wesson and competitors such as Sturm Ruger (RGR) and Glock reported strong financial results in 2009, many executives expect a cooling off in 2010, especially in sales of semiautomatic rifles, which had surged last year.
Reliable statistics are hard to come by in an industry where many players are private companies, but one set of data confirms that a shift is already under way. The federal government reported that mandatory criminal background checks, which gun retailers must carry out in advance of a sale, dropped 7.6% in December, to 1.41 million, from the previous year. "Things are getting back to normal, meaning they are slowing down," says Cameron Hopkins, a gun marketing consultant based in suburban Las Vegas who attended the Shot Show. "The good times never last forever."
OS= 30.5M, float= 23M, inside held= 31%. Short interest on 12/31/09 is 299K, steady decrease from 506K on 10/15/09. Next Q should be 1st-2nd week of Feb. Hoping to see new #s from their new contracts & may run up till release.
http://finance.yahoo.com/q/ks?s=ATCO
American Technology Receives $1.1 Million LRAD(R) Order From U.S. Special Operations Command
SAN DIEGO, CA -- (Marketwire) -- 01/20/10 --
American Technology Corporation (ATC) (NASDAQ: ATCO), the innovator and distributor of the Long Range Acoustic Device(TM) (LRAD®) product line, announced today it has received an order totaling approximately $1.1 million from the U.S. Special Operations Command (SOCOM). The order, scheduled to ship this quarter, includes LRAD 100X® and 300X® systems that will be deployed in Afghanistan, Iraq and other areas of the world where SOCOM is engaged in contingency operations
The LRAD 100X is a self-contained, portable acoustic hailing device (AHD) that outperforms conventional megaphones and other portable hailing systems. The 100X is 20-30dBs louder than top of the line megaphones and other portable systems of comparable size and power. Optimized driver and wave-guide design ensure clear voice communications so every syllable is understood even over background noise from vehicles, vessels, sirens and large crowds. This extraordinary acoustic performance comes in a rugged package that can be operated in all weather conditions. Interfaces include a standard microphone as well as rugged MP3 player designed for easy operation in demanding environments. The LRAD 100X is the world's best solution for portable on-scene and tactical communication
The LRAD 300X is a compact, lightweight solution for mounting on small vessels, vehicles, unmanned aerial vehicles (UAVs) and unmanned surface vehicles (USVs). It can be easily transported to provide security personnel long-range communications and a highly effective hailing and warning system. The 300X produces nearly 100% intelligible voice transmission over 88dB of background noise beyond 350 meters and beyond 1500 meters in benign environments. LRAD 300X operators have the ability to broadcast authoritative multi-lingual voice commands followed with powerful deterrent tones to determine intent and influence behavior
"LRAD's unique and powerful communications and deterrent capabilities are being increasingly required by military and security forces," commented Tom Brown, ATC's president and CEO. "We're also experiencing growing military interest in incorporating LRAD into UAV and USV applications."
Reasons for Name Change
Since the introduction of our LRAD-X ® product line in March 2008, we have experienced strong revenue growth and significantly improved financial results. During fiscal year 2009, we had record revenues, driven by a 57% increase in sales of our Long Range Acoustic Device TM (LRAD ® ) product line, which accounted for $14.3 million of our $15.8 million in revenues. Since the beginning of fiscal 2009 we have:
established the LRAD brand as the premier acoustic hailing device while opening new markets and applications for LRAD products and systems including law enforcement and wildlife preservation and control;
expanded LRAD sales within the U.S. Military and to international naval forces around the world to support the international fight against escalating piracy and terrorist threats; and
developed and launched the LRAD 300X to meet customer requirements for installations on small vessels and small manned and unmanned vehicles and aircraft. The 300X is receiving strong initial market acceptance.
In addition, since September 30, 2009 we have received:
an opening order for 17 LRAD systems from the Japan Coast Guard;
a new $620,000 LRAD order from China to support its national law enforcement agencies; and
approximately $3.2 million in new LRAD orders from the U.S. Military.
Our recent sales growth and success has helped the LRAD brand name to achieve widespread recognition and is well known in the markets in which we compete. We believe our future growth lies largely in sales of our LRAD product line.
For all of the above reasons, we believe that “LRAD Corporation” more accurately reflects both our current and historical strengths and more closely depicts the future strategy and growth of our company. We anticipate that changing our corporate name to LRAD Corporation will more closely align our company’s reputation with our product line and future growth strategy.
2 days to take my buy at .25. Anyday soon now they will have to raise the bid.
MMs have seller & they are destroying it. How do you go from .0035 to .002 on 38,000 shares sold yesterday. At .002 the entire float could be bought at $120K!
Market cap is only $360K now. Aren't the property leases worth more than that?
could be a decent week here. also they split my small buy in half this morn'.
isn't this competition? http://www.ramtron.com/investor-relations/press-releases/press-release.aspx?id=110
is MMTIF too late? Hall-effect tech. has been around for decades anyway, just making it more efficient is all any co. can do.
Between Unotron & Life Med. Tech., revs in 2010 could be $45M. That's $11M in 1st Q. Not counting any other projected deals. These 2 are pretty much embedded now. $2 pps in March is possible. I'm waiting for any actual orders received by customers and reported compensation before getting too serious. If these 2 deals work out, other orders will flow. jmo
A company with no cash or revenue merges with a public co. with no cash or revenue and a share conversion mentioned right off the bat. hmmmm. At best you can feel good about giving to a charity based on fighting MNSA.
09/28/09; Micromem Technologies Receives Initial US$30 Million Purchase Order
Micromem Enters Breast Cancer Detection Market
TORONTO and NEW YORK, Sept. 28 /PRNewswire-FirstCall/ -- Micromem Technologies Inc. (Micromem) (OTC BB: MMTIF, CNSX: MRM), and its wholly owned subsidiary, Micromem Applied Sensor Technologies, Inc. (MASTInc), has received an initial purchase order for its sensors from Life Medical Technologies, Inc. (LMTI), which upon completion, will total US$30 million. Micromem anticipates delivery to begin in 2009 with the bulk expected in 2010, in accordance with fulfilling LMTI client orders
12/16/09 Micromem Technologies Inc. Provides an Update on Executed Manufacturing and
Supply Agreements and Ongoing Business Initiatives
TORONTO, NEW YORK, N.Y.—December 15, 2009 — Micromem Technologies Inc., (Micromem, the “Company”) (OTC BB: MMTIF, CNSX: MRM) and its wholly-owned subsidiary, Micromem Applied Sensor Technologies, Inc. ( MAST ) ( www.mastinc.com ), provide the following update on executed manufacturing and supply agreements and other business initiatives, including Unotron, Life Medical Technologies, Inc., and BAE Systems:
MAST signed a manufacturing and supply agreement with Unotron Incorporated (“Unotron”) in April 2009 at which point it secured an initial purchase order of up to five million units to be delivered over five years with a potential contract value of US$77 million.
Since April 2009, the Company has worked closely with Unotron and its engineers to develop a fully functional washable keyboard that integrates Micromem’s sensor technology. The Company’s contracted engineer met Unotron’s design team in China in July 2009. Micromem has been working closely with it subcontractor, Soligie Inc., since then to finalize the required printed circuitry for insertion into Unotron’s washable keyboard.
MAST has completed its first shipment of up to 100 test units in December 2009. Unotron will complete product testing and awaits all required third party certifications (FCC, CE, ULC etc.) and, once these are received, Unotron will begin production and will activate the initial purchase order with MAST. Whereas the Company originally projected that it would report revenues under this purchase order in 2009, it now anticipates initial revenues by the end of the first quarter of calendar 2010. It is important to note the delay in product rollout has been in large part due to production and shipping logistics.
Micromem has advanced Unotron US$200,000 to support the joint development between Unotron and the Company. The funds are advanced as a debenture secured by a first charge on the assets of Unotron USA, bearing interest at 10 percent per annum payable quarterly and maturing on September 30, 2010.
LifeMed Technologies Inc. (“LifeMed”) has recently finalized the acquisition of all the manufacturing assets and intellectual property relating to its Breast Aware™ breast tumor detection technology. LifeMed and MAST are gearing up to incorporate Micromem’s magnetic sensor technology into the current Breast Aware™ product.
Compare 9 Month chart with its mother co. MRM. Both tripled in May. MRM still $9. MMTIF went from $1.50 to .60. Now look at the accum/distr since then. MMTIF OS = 83M.
Some updates:9/2009: Shareholders Letter,
Micromem Technologies Inc. Issues Letter to Shareholders
TORONTO and NEW YORK, Sept. 18 /PRNewswire-FirstCall/ -- Micromem Technologies Inc. (Micromem) (OTC BB: MMTIF, CNSX: MRM), and its wholly owned subsidiary, Micromem Applied Sensor Technologies, Inc. (MASTInc), has issued a letter to its shareholders. To view the shareholder letter in its entirety, please follow the link to the company's website: http://www.micromeminc.com/shareholderletter
- Significant progress in the last quarter towards revenue generation, with the fulfillment of in-house contracts continuing as scheduled
- Sales proposal pipeline grown to over $317 million
- Wholly owned subsidiary MASTInc. has to date executed two manufacturing supply agreements that have a combined potential for approximately $190 million over three-to-five years
- Memory product now complete trough the Global Communication Semiconductor (GCS) and BAE Systems foundries; memory now fully packaged in arrays and being tested and evaluated against standard and routine memory tests
- Silicon Turnkey Solutions, Inc., a solution provider in the area of specialty assembly, electrical test, qualification, reliability and product screening, has completed all Life Cycle Testing of Micromem's product and we will be publishing a completed product data sheet in the fall
- Partnership with Nano Opto, a precision optics nanofabrication company based in Somerset, New Jersey, to create a concentrator for the company's hall sensor to provide between one hundred and two hundred times improvement in sensitivity
- Micromem continues to work closely with Nth Degree of Arizona in completing a printable hall sensor via its process
- Oil sensor have been shipped at the end of August for field trials in two important areas, military automotive in line analysis of oil particulates and cooking oil degradation in commercial institutions
- A low frequency radio designed for electromagnetic surveys of the earth as part of oil and mineral exploration is being readied for field trial in first quarter 2010; mining core analysis sensor is also being prepared for field trials in late 2009
- Company is on schedule to deliver the first batch of evaluation circuits to Unotron, a leader in the design and manufacturing of washable keyboards, in late September
- Work has begun on the integration of Micromem's sensor into Life Medical product line (LMTI). LMTI is dedicated to educating and providing life-enhancing, innovative medical products to the public in an ongoing effort to strive towards a successful outcome in the fight against breast cancer and other life-threatening illnesses
- With the use of magnetic sensors in medical diagnosis on the rise, Micromem plans to produce a series of products that are focused initially on early detection of breast cancer
Why GM got bailed and Lehman didn't. Fox news article:
A Tale of Two Bankruptcies: The Bitter End, or A New Beginning?
By Darryl R. Isherwood
FOXBusiness
When the bankruptcy of Lehman Brothers Holdings Inc. detonated on Wall Street in September 2008, the shockwaves threatened to topple the foundation that the U.S. economy is built on. Thousands of employees lost jobs, investors took a bath and a platoon of bankruptcy lawyers received a bonanza of fees for negotiating the complex deal. The Lehman website now hosts a message informing visitors of the bankruptcy and directing them to various companies for more information.
Likewise, when General Motors filed for bankruptcy protection in June, the company shed thousands of jobs, cost investors millions and – again – lawyers walked off with wads of cash for restructuring the troubled company. But a visit to the GM website paints a far different picture. The site posts photos of a shiny new Cadillac along with tabs showing new car deals, financing options and an explanation of the company’s new marketing strategy, a 60-day money back guarantee.
So in the wake of billion dollar bankruptcies that rank first and third largest of all time, why is Lehman a name of the past and GM the new home of ubiquitous pitchman Howie Long and his “cop hair?”
“GM employed 200,000 people directly and they indirectly employ over one million, and then you have all the intellectual capital and skilled labor," said Sheldon Stone, head of the corporate restructuring arm of Amherst Partners. "If they were to have gone under and collapsed in the same fashion as Lehman did it would have sent tremendous shock waves through economy that we would have not have recovered from for a long, long time.”
The government is on the hook for some $15 billion in bailout funds with GM, a lifeline that then Treasury Secretary Hank Paulson and the Bush Administration refused to extend to Lehman.
Timing is another crucial piece to the puzzle, said Scott Stuart, director of bankruptcy management services for Donlin, Recano & Company, Inc. Stuart said lessons learned in the aftermath of the Lehman bankruptcy were revisited when GM foundered eight months later.
“The government deemed one was worthy of being saved and one was not,” he said. “It all ties into the argument of what was too big to fail and the systemic financial risk. The determination in the GM instance was it was too big to fail and needed to be saved. The decision on Lehman was that it wasn’t too big to fail.”
Take the government out of the equation and there are two factors that determine if a company lives or dies upon entering bankruptcy, said University of Chicago Law School Professor Douglas Baird.
First is positive cash flow. “The reality is cash is king,” Baird said. “If a company is not cash flow positive they die. Typically a good candidate for chapter 11 is cash flow positive on an operating basis.”
Second, Baird said, is the ongoing viability of the company. Some companies go under because their financial structure is damaged though the underlying business model is sound. Others, such as former electronics giant Circuit City, which was liquidated earlier this year when a buyer could not be found, die because they simply cannot compete. “Circuit City failed in the marketplace,” he said. “What bankruptcy can do is solve financial distress, it cannot solve economic distress.”
In the case of Lehman Brothers, its broker-dealer operations were its most valuable asset and that piece was sold off to Barclays. Investment banks such as Morgan Stanley (MS: 32.11, -0.21, -0.65%) and Goldman Sachs (GS: 170.06, -2.8, -1.62%) were more than happy to pick up the slack. But for manufacturing companies like GM and Chrysler, which also filed for bankruptcy this year, it’s a far different story.
“With an investment bank like Lehman there are a dozen other companies to pick up the slack, but if General Motors is gone, who will produce that four or five million cars each year? It’s not like someone can just step in and make that up.”
As was the case with CIT Group (CITGQ: undefined, undefined, undefined%) earlier this month, some bankruptcies make little immediate splash because creditors enter into an agreement ahead of time to reduce debt. Known as pre-packaged bankruptcies, they have picked up steam in the last two years, Stuart said, because of an absence of credit for a true reorganization.
The benefit to a pre-pack is speed, said law professor Jack Williams of Georgia State University College of Law. Chrysler filed for pre-packaged bankruptcy on May 1 and emerged from Chapter 11 one month later.
The current financial crisis has taken its toll on large companies. Of the 20 largest bankruptcy filings since 1980, nine occurred during the latest recession. Among the big names that entered into Chapter 11 during that time are GM, CIT, Lehman Brothers, Washington Mutual Inc. and IndyMac Bancorp Inc
Whoever heard of contract signing of $360000 with a bankruptcy company? Why would Epcor do that? Get the facts.
CCAA "Protection" will not be needed after this Fall.
I see no BWIH news about that. I only deal with informed facts.
All stocks go up and down. Watch it go up after it goes down again.
Up 100% in 10 days! $1.50 past first of year 2010.
And yet it goes to half a dollar on air. eom
Yes. Gm failed. BWIH hasnt.