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Wii
Price Size Exch Time
0.19 150 OBB 15:38:34
0.15 250 OBB 15:22:15
0.10 5000 OBB 13:25:47
0.13 1000 OBB 13:25:44
0.123 2000 OBB 13:25:44
0.09 5000 OBB 11:25:26
0.13 150 OBB 10:47:01
OTay When Can We Say This About MTRE?
"THE TRAIN IS LEAVING", "TO DA MOON", "MM's ARE GETTING NERVOUS" and, the ever popular "ON THE LAUNCHPAD"
It Was .065 @ .12 Now .07 @ .15
EDIT >>> .07 @ .19 Now
V = 13,400
.065 @ .12
( :>(
V = 13,150
2.92 @ 2.93
MGM 4.77 @ 4.78
GBGC compiles the GBGC 50 index of leading gambling company shares. This last 12 months gambling companies have lost US$140 billion of shareholder funds.
During the last 12 months the 50 largest gambling companies by market capitalisation have seen US$ 140 billion wiped off their total value. The biggest losers are the casino operators Las Vegas Sands (LVS) and MGM Mirage who have seen their values fall by 93% and 88% respectively.
Market Cap Now @ 65K
Reuter As Of Jan 30, 2009.
A/S 20M
O/S 3,255,428
Insiders Own 25%
Company had outstanding federal and state net operating loss carryforwards (“NOLs”) of approximately $4.8 million and $12.2 million, respectively. These carryforwards expire at various dates through 2023. During the six months ended December 27, 2003, the Company has increased its valuation allowance from $200,000 to $1,340,000 related to operating loss carryforwards, since it is not likely that all of the loss carryforwards will be realized prior to their expiration.
MTRE News......
February 12, 2009 - 1:16 PM EST
MTRE 0.24 0.05
MTRE Files Quarterly Financial Report
Reconfirms Business Plan
ROWAYTON, CT -- (Marketwire) -- 02/12/09 -- Market & Research Corp. (OTCBB: MTRE) today announced that it has filed its latest Quarterly Report on Form 10-Q. Gary Stein, President, commented, "In accordance with recent events, we can now proceed with the financing of our acquisition targets."
Mr. Stein added, "This is an exciting time for us. As noted in our recent filings, we expect that each of the three acquisition targets remain committed to the business plan. The combined synergies of these companies and the leadership provided by us is intended to enable us to create a national organization. Despite the extraordinary economic conditions the country finds itself in, the financial community has continued to show a willingness to work with us."
Martin Licht, Executive Vice President, closed comments by stating, "We thank our shareholders for remaining patient and supporting us. We had not anticipated the exorbitant length of time we continue to expend to achieve our stated goal and we thank you all for your loyalty while the necessary steps are being completed. Announcements in support of our business plan will continue to be issued as we proceed. Our new website is currently under design."
About Market & Research Corp. ("MKRC")
MKRC currently has agreements to acquire Precision Opinion, InMarketing and Quantum.
About Precision Opinion
Precision, which is to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
About InMarketing
InMarketing, which is to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. InMarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum, which is to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact for further information:
Gary Stein
steincorp007@gmail.com
Source: Marketwire (February 12, 2009 - 1:16 PM EST)
News by QuoteMedia
www.quotemedia.com
10-Q Out For MTRE.
Wii....
EDIT>>> Link Did Not Work.
A C/P
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2008
OR
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______________to ______________
Commission file number 0-20769
MARKET & RESEARCH CORP.
(Exact name of Registrant as Specified in Its Charter)
Delaware 22-3341195
(State or Other Jurisdiction of
Incorporation or Organization) (IRS Employer Identification No.)
137 Rowayton Avenue Suite 110 Rowayton CT 06853
(Address of Principal Executive Offices with Zip Code)
Registrant’s Telephone Number, Including Area Code: (203) 866-1013
N/A
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report.
Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes x No o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No o
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS
Check whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes o No o
APPLICABLE ONLY TO CORPORATE ISSUERS:
The number of shares of common stock outstanding as of February 13, 2009 was 19,066,071.
Transitional Small Business Disclosure Format (Check one): Yes o No o
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MARKET & RESEARCH CORP.
Formerly known as CABLE & CO WORLDWIDE, INC.
INDEX
PART I – FINANCIAL INFORMATION
Item 1 Condensed Balance Sheets at December 31, 2008 (Unaudited) and September 30, 2008 2
Condensed Statements of Operations (Unaudited) for the three months ended December 31, 2008 and 2007 3
Condensed Statements of Cash Flows (Unaudited) for the three months ended December 31, 2008 and 2007 4
Notes to Condensed Financial Statements (Unaudited) 5
Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operation 11
Item 3 Quantitative and Qualitative Disclosures About Market Risk 16
Item 4T Controls and Procedures 18
PART II – OTHER INFORMATION
Item 1 Legal Proceedings 19
Item 2 Unregistered Sales of Securities and Use of Proceeds 19
Item 3 Default upon Senior Securities 19
Item 4 Submission of Matters to a Vote of Security Holders 19
Item 5 Other Information 19
Item 6 Exhibits 20
SIGNATURES 21
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PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
MARKET & RESEARCH CORP.
Formerly known as
CABLE & CO WORLDWIDE, INC.
CONDENSED BALANCE SHEETS
December 31, 2008 September 30, 2008
(unudited)
ASSETS
Current Assets
Cash $ 121 $ 294
Total Current Assets 121 294
TOTAL ASSETS $ 121 $ 294
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities
Accrued liabilities $ 249,043 $ 232,702
Due to shareholder 129,154 122,627
Total Current Liabilities 378,197 355,329
TOTAL LIABILITIES 378,197 355,329
Shareholders’ Deficit
Common stock, par value $.01, 150,000,000 shares authorized, 19,066,071 and 14,974,404 issued and outstanding 190,661 149,745
Additional paid-in capital 26,679,400 24,422,991
Accumulated deficit (27,248,137 ) (2,927,771 )
Total Shareholders’ Deficiency (378,076 ) (355,035 )
TOTAL LIABILITIES AND SHARHOLDERS’ DEFICIT $ 121 $ 294
The accompanying notes are an integral part of these condensed financial statements
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MARKET & RESEARCH CORP.
Formerly known as CABLE & CO WORLDWIDE, INC.
CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended December 31,
2008 2007
Revenues $ 0 $ 0
Professional fees 1,019,000 -
General & administrative expenses 10,041 8,842
Net loss before income tax (1,029,041 ) (8,842 )
Provision for income taxes - -
Net loss $ (1,029,041 ) $ (8,842 )
Loss Per Share –
Basic and Fully Diluted: $ (0.06 ) $ (0.00 )
Weighted Average Common Stock Outstanding:
Basic and Fully Diluted: 16,357,466 9,991,072
The accompanying notes are an integral part of these condensed financial statements
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MARKET & RESEARCH CORP.
Formerly known as
CABLE & CO WORLDWIDE, INC.
CONDENSED STATEMENTS OF CASH FLOW
(UNAUDITED)
Three Months Ended December 31,
2008 2007
Cash flow from operating activities:
Net loss $ (1,029,041 ) $ (8,842 )
Shares issued for services 1,006,000 -
Adjustments to reconcile net (loss) to net cash
Used in operating activities:
Amortization expense - 2,500
Change in assets and liabilities
Decrease in prepaid expense - 1,090
Increase in due to shareholder 6,526 13,723
Increase in accrued liabilities 16,342 13,858
Net cash provided by operating activities 173 22,329
Net increase in cash 173 22,329
Cash, beginning of period 294 -
Cash, end of period $ 121 $ 22,329
Supplemental cash flow information:
Cash paid for income tax $ 0 $ 0
Cash paid for interest $ 0 $ 0
The accompanying notes are an integral part of these condensed financial statements
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MARKET & RESEARCH CORP.
Formerly known as
CABLE & CO WORLDWIDE, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED)
1. FINANCIAL INFORMATION
Cable & Co Worldwide, Inc. ("Cable" or the “Company”), which was incorporated November 10, 1994, was a manufacturer, designer, importer and wholesaler of men's shoes. In 1997, the Company began to experience financial distress and filed for bankruptcy chapter 11 protection in the Southern District of New York. Shortly after its filing, the Company ceased all operations. While its bankruptcy filing was active, the Company turned over title to all of its assets to its secured lender Heller Financial, Inc. (Heller). As there were no remaining assets for the creditors, Judge Burton Lifland closed the Company’s case on June 3, 1999. The creditors received notice from the bankruptcy court that their claims were valueless and were eliminated. As a result of the court’s action, the only Company liabilities that survived were those that were not submitted as claims in the bankruptcy, of which there was only one. Subsequent to the court notice, Company management reaffirmed the sole remaining liability. The Company slipped into a dormant status for the next several years. During this period the Company had no operations, no revenues and no employees. Recently, the Company began taking steps to commence operations. The Company has identified certain investments and is in the process of securing funds to acquire those investments and commence operations. Although the Company did acquire LifeHealth Care, Inc in May 2006, there is no guarantee that the Company will secure the necessary financing to operate the assets or to acquire additional assets. In the year 2000, the Company changed its year end from December 31 to September 30. Since the year end change was prior to any of the periods reported on in these financial statements, and since there were no operations of any kind during the periods reported on in these financial statements, no pro-forma December 31 financial statements are included.
On October 17, 2005, a majority of shareholders passed a resolution to increase the number of authorized common shares to 250,000,000. The purpose of this resolution was to create a sufficient number of shares of common stock to allow the Company to settle its last remaining liability.
On January 30, 2006 the holders of a majority of the outstanding common stock of the Company passed a resolution to increase the number of authorized common shares from 250,000,000 to 1,500,000,000. The purpose of this resolution was to create a sufficient number of shares of common stock to allow the Company to commence operations and to acquire LifeHealth Care, Inc.
Between January 1, 2006 and May 19, 2006, the Company issued 1,316,275,757 shares of common stock in exchange for consulting and other administrative services, the elimination of debt and to acquire LifeHealth Care, Inc. The market value used to value the stock issued ranged from $0.005 to $0.002 for the consulting and board services provided and the acquisition of LifeHealth Care, Inc. The book value of the debt retired was used for the exchange of debt for stock. The stock issued is all restricted stock subject to SEC regulation 144.
The Company acquired all the outstanding stock of LifeHealth Care, Inc. (LHC) a Delaware corporation on March 28, 2006 in exchange of 600,000,000 shares of common stock. LHC’s value was set at $1,200,000 based on the market value of the Company’s shares issued. The value of LHC is due to the fact that it already has a product (an emergency dental kit) that is approved for sale in the European Union. The life of this asset is indeterminable since the approval has no pre set lifespan. LHC has no revenues and will require a significant amount of financing in order to commence operations. The Company does not have access to the necessary financing at this time. If financing is not obtained, LHC will not be able to commence operations. As of the date of acquisition, LHC had incurred cumulative losses of approximately $71,000. There is no certainty that even with adequate financing, LHC will be able to commence operations or obtain profitable status.
On December 18, 2007 the Company filed a Schedule 14 (C) with the Securities and Exchange Commission announcing the approval by a majority of shareholders of the following:
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A reverse Stock split of 150:1. As a result of the reverse split, the number of authorized and issued shares of common stock will be reduced to 9,991,072 from 1,498,612,518.
A reduction of the authorized number of common stock from 1,500,000,000 to 150,000,000.
An amendment to change the name of the Company from Cable & Co Worldwide, Inc. to Market & Research Corp.
Each of these steps has been approved by the board of directors and became effective April 21, 2008, and all have been reflected in the financial statements and this document.
On August 14, 2008, the Company’s Board of Directors conditionally approved the spinoff of LHC to the shareholders of the Company as of the record date of September 3, 2008. On September 12, 2008, the Company distributed all the stock of LHC in the form of a dividend to the shareholders of the Company. As a result of the dividend, LHC was no longer a subsidiary of the Company and became a separate reporting company. LHC’s financial results are included in these financial statements up to and including September 12, 2008. All intercompany transactions have been eliminated during the period of inclusion.
2. BASIS OF PREPARATION
The unaudited financial statements include all the accounts of the Company.
Pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q, the financial statements, footnote disclosures and other information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed. The financial statements contained in this report are unaudited but, in the opinion of the Company, reflect all adjustments, consisting of only normal recurring adjustments necessary to fairly present the financial position as of December 31, 2008 and the results of operations and cash flows for the interim periods of the fiscal year ending September 30, 2008 ("fiscal 2008") and the fiscal year ended September 30, 2008 ("fiscal 2008") presented herein. The results of operations for any interim period are not necessarily indicative of results for the full year.
GOING CONCERN
The financial statements have been prepared using accounting principles generally accepted in the United States of America applicable for a going concern which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. As of December 31, 2008, the Company had no established source of revenues and has accumulated losses of approximately $27,200,000 since its inception. Its ability to continue as a going concern is dependent upon achieving production or sale of goods, the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and upon profitable operations. The outcome of these matters cannot be predicted with any certainty at this time and raises substantial doubt that the Company will be able to continue as a going concern. These unaudited consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.
3. NET LOSS PER SHARE
Basic net income or loss per share is computed by dividing net income or loss by the weighted average number of common shares outstanding. Diluted net income or loss per share is computed by dividing net income or loss by the weighted average number of common shares outstanding and dilutive potential common shares reflecting the dilutive effect of stock options and warrants. Dilutive potential common shares, stock options and warrants for all periods presented are computed utilizing the treasury stock method. The Company had no outstanding options or warrants at December 31, 2008.
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4. STOCK-BASED COMPENSATION
In December 2004, the FASB issued SFAS No. 123R, “Share-Based Payment.” This standard replaces SFAS No. 123, “Accounting for Stock-Based Compensation” and supersedes Accounting Principles Board (‘APB’) Opinion No. 25, “Accounting for Stock Issued to Employees.” The standard requires companies to expense the fair value of stock option on the grant date and is effective for annual periods beginning after June 15, 2005. In accordance with the revised statement, the expense attributable to stock options granted or vested subsequent to July 1, 2005, was required to be recognized by the Company. During the three months ended December 31, 2008 the Company issued 4,091,667 common shares to consultants for services rendered. The value of the shares issued was determined by the closing price of the Company’s common shares on the date of issue.
5. RELATED PARTY TRANSACTIONS
At September 30 and December 31, 2008, the Company owed $129,153 to two officers, Gary Stein (President and director) and Martin Licht (Executive Vice President and director) for expenses paid by them on behalf of the Company. These amounts are non-interest bearing, unsecured, and due on demand: however the officers have agreed not to demand payments for one year. .
6. ACQUISITION
On March 28, 2006, the Company acquired LifeHealth Care, Inc. (LHC) a Delaware corporation, an early stage company focusing on the dental and healthcare marketplace from Martin Licht, a director and officer of the Company. The Company issued 600,000,000 shares of Common Stock to Martin Licht, the Company’s current director, to acquire LHC at $.002 per share.
The purchase price was allocated on the basis of the estimated fair values of the assets acquired and liabilities assumed which was $1,200,000. LHC has a product (an emergency dental kit) that is approved for sale in the European Union. The life of this asset is indeterminable since the approval has no pre set lifespan. The acquisition was accounted for as a purchase.
Acquisition cost $ 1,200,000
Net assets acquired:
Current assets $ 10,639
Goodwill 1,169,199
Intellectual property 100,000
Patent 6,730
Total assets 117,369
Liabilities assumed (86,658 )
Total liabilities (86,658 )
Amount assigned to goodwill $ 1,169,199
LHC has no revenues or tangible assets and will require a significant amount of financing in order to commence operations. The Company does not have access to the necessary financing at this time. If financing is not obtained, LHC will not be able to commence operations. As of the date of acquisition, LHC had incurred cumulative losses of approximately $71,000. There is no certainty that even with adequate financing, LHC will be able to commence operations or obtain profitable status.
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In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 142, Goodwill and Other Intangible Assets (“SFAS No. 142”), the Company evaluates goodwill and intangible assets at least annually for impairment by analyzing the estimated fair value based on the present value of discounted cash flows compared to the net book value. The Company will write off the amount of any goodwill or intangible in excess of its fair value. Management reviewed the goodwill at September 30, 2007 and determined that it was fully impaired and consequently wrote off the entire balance of $1,169,199.
Intangible assets with a definite life are amortized over their legal or estimated useful lives, whichever is shorter. The Company reviews the carrying amounts of intangible assets with a definite life whenever events or changes in circumstance indicate that the carrying amount of an asset may not be recoverable. Such events or circumstances might include changes in technology, significant litigation or other items.
Intellectual property will be amortized over the estimated useful life of ten years.
The Company spun off LifeHealthCare, Inc. (“LHC”) in September 2008. The Company included the operations of LHC through the date of the spinoff (September 12, 2008) in its operations. The Company valued LHC at zero, and as a result, wrote off its investment of $1,200,000 in LHC. The net liabilities that were spun off totaled $9,926.
7. TAXES
Effective October 1, 2007, the Company adopted the provisions of FASB Interpretation No. 48 (“FIN 48”), “Accounting for Uncertainty in Income Taxes — An Interpretation of FASB Statement No. 109.” FIN 48 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements in accordance with SFAS No. 109. Tax positions must meet a “more-likely-than-not” recognition threshold at the effective date to be recognized upon the adoption of FIN 48 and in subsequent periods. Upon the adoption of FIN 48, the Company had no unrecognized tax benefits. During the three months ended December 31, 2008, the Company recognized no adjustments for uncertain tax benefits.
The Company recognizes interest and penalties, if any, related to uncertain tax positions in selling, general and administrative expenses. No interest and penalties related to uncertain tax positions were accrued at December 31, 2008.
Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent, based on available evidence, it is more likely than not such benefits will be realized. The Company’s deferred tax assets were fully reserved at December 31, 2008 and 2007.
The tax years 2003 through 2008 remain open to examination by the major taxing jurisdictions in which the Company operates. The Company expects no material changes to unrecognized tax positions within the next twelve months.
The Company has net operating loss carryforwards of approximately $8,666,000 available to offset taxable income through the year 2028.
The Company recorded a deferred income tax asset for the tax effect of net operating loss carryforwards and temporary differences, aggregating approximately $2,945,000. In recognition of the uncertainty regarding the ultimate amount of income tax benefits to be derived, the Company has recorded a valuation allowance of $2,945,000 at December 31, 2008.
8. COMMITMENTS, CONTINGENCIES AND OTHER MATTERS
Litigation
The Company has been inactive for over eight years. Based on searches performed in various jurisdictions that the Company previously operated in, no asserted or pending litigations were discovered. Inquiries of former officers and directors revealed no known litigation, pending, suspended or possible. There can be no assurance that there are no potential or possible litigations in the jurisdictions searched or other jurisdictions not searched. Based on currently available information, we believe that there are no pending claims that will have a material adverse effect on the Company’s future operating results or financial position.
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Commitments
The Company has entered into three definitive Purchase Agreements each of which is in full force and effect. On November 12, 2007, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Andrew Perlmutter and David Weiss (collectively, the “Shareholders”).
The consummation of the stock purchase pursuant to the Purchase Agreement (the “Stock Purchase”) is subject to certain conditions set forth in the Purchase Agreement, including the continued accuracy of the representations and warranties made by all parties thereto and the parties’ continuing due diligence review. Upon the closing of the Stock Purchase, the Company will purchase, and the Shareholders will sell, all of the shares (the “Shares”) of InMarketing Corp., a New Jersey corporation (“InMarketing”), to the Company. InMarketing is in the business of designing proprietary software that provides a unique database-driven program to help companies build employee incentive programs.
The Company has agreed to purchase the Shares for $6,121,185. Fifty percent (50%) of the purchase price will be paid upon the closing of the Stock Purchase, and the remaining fifty percent (50%) will be paid to the Shareholders pursuant to certain promissory notes issued by the Company. Upon the closing of the Stock Purchase, the Shares will be held in escrow, until the purchase price has been paid in full.
As of November 5, 2007, the Company entered into a Stock Purchase Agreement (the “Aspen Purchase Agreement”) with Frank H. Schaller, Robert E. Hall, Paul K. Cowhig III, Matthew A. Lambert, and Sherrie L. Smith (collectively, the “Aspen Shareholders”). Although the agreement to purchase Aspen expired on February 1, 2008, a majority of the Aspen Shareholders have agreed to remain bound to the same terms to be purchased with no specified termination date
The stock purchase pursuant to the former Aspen Purchase Agreement (the “Aspen Stock Purchase” was subject to certain conditions set forth in the Aspen Purchase Agreement, including the continued accuracy of the representations and warranties made by all parties thereto and the parties’ continuing due diligence review. Upon the closing of the Aspen Stock Purchase, the Company had agreed to purchase, and the Aspen Shareholders had agreed to sell, all of the shares (the “Aspen Shares”) of Quantum Research Services, Inc., d/b/a Aspen Media and Market Research, Ltd., a Colorado corporation (“Aspen”), to the Company. Aspen is in the business of providing market research services, including: (i) research field services; (ii) circulation – subscription renewal and acquisitions; (iii) sales lead qualification program and specialized services; (iv) relational database creation and list consolidation; and (v) print-to-electronic file conversion.
The Company had previously agreed to purchase the Aspen Shares for $2,041,976. Fifty percent (50%) of the purchase price for the Aspen Shares would have been paid upon the closing of the Aspen Stock Purchase, and the remaining fifty percent (50%) would have been paid to the Aspen Shareholders pursuant to the terms of certain promissory notes (the “Notes”) issued by the Company. At closing, the Notes shall be secured by the Company’s pledge of the Aspen Shares between the Company and the Aspen Shareholders.
On April 30, 2008, the Company entered into a Purchase and Sale of Assets Agreement (the “Purchase Agreement”) with Precision Opinion, Inc., a Nevada Corporation (“Precision”), and James Medick, Michael France, and Edward Wilson, being all of the shareholders of Precision (collectively, the “Shareholders”).
The consummation of the purchase by the Company of substantially all of Precision’s assets, properties and contractual rights (the “Assets”) pursuant to the Purchase Agreement (the “Asset Purchase”) is subject to certain conditions set forth in the Purchase Agreement, including the continued accuracy of the representations and warranties made by all parties thereto and the parties’ continuing due diligence review. Upon the closing of the Asset Purchase, the Company will purchase, and Precision will sell, all of the assets of Precision to the Company. Precision operates a market research and opinion polling business based in Las Vegas, Nevada.
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The Company will purchase the Assets for the sum of: (i) Five Hundred Sixty-Eight Thousand Three Hundred and Ten Dollars ($568,310) (the “Initial Payment”); plus (ii) the amount (if any) equal to the additional loans made by the Shareholders to Precision, plus accrued interest on any such loans at the rate of eight percent (8%) per annum, on terms previously and mutually agreed to in writing or by email correspondence by James Medick and Gary Stein, President of the Company, between the date of the Purchase Agreement and the closing of the Asset Purchase; plus (iii) the Earn Out Amount.
Subsequent to the closing, the Company shall pay to Precision an additional amount (the “Earn out Amount”) equal to five times the EBITDA of the Precision Opinion division of the Company for the calendar year 2009 less the Initial Payment and the amount of any loans made to Precision as set forth above. The Earn out Amount shall be paid one-half in cash and one-half in common shares of the Company’s stock, valued at the average of the bid price for the first ten business days in January, 2010. Upon the closing of the Asset Purchase, the Company will enter into an employment agreement with James Medick and certain other ancillary documents related to the Asset Purchase.
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ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operation
The following discussion should be read in conjunction with the Financial Statements included in this report and is qualified in its entirety by the foregoing.
Forward-Looking Statements
This report contains “forward-looking statements”, which involve known and unknown risks, uncertainties and other factors which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized. These forward-looking statements generally are based on our best estimates of future results, performances or achievements, based upon current conditions and assumptions. Forward-looking statements may be identified by the use of forward-looking terminology such as “may,” “can,” “could,” “project,” “expect,” “believe,” “plan,” “predict,” “estimate,” “anticipate,” “intend,” “continue,” “potential,” “would,” “should,” “aim,” “opportunity” or similar terms, variations of those terms or the negative of those terms or other variations of those terms or comparable words or expressions. These risks and uncertainties include, but are not limited to:
· general economic conditions in both foreign and domestic markets,
· cyclical factors affecting our industry,
· lack of growth in our industry,
· our ability to comply with government regulations,
· a failure to manage our business effectively and profitably,
· our ability to sell both new and existing products and services at profitable yet competitive prices, and
· other risks and uncertainties set forth from time to time in our filings with the Securities and Exchange Commission.
You should carefully consider these risks, uncertainties and other information, disclosures and discussions which contain cautionary statements identifying important factors that could cause actual results to differ materially from those provided in the forward-looking statements. Market & Research Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Overview
Market & Research Corp. (“we”, “us”, “our”, the “Company” or “MRC”) was incorporated November 10, 1994, and was a manufacturer, designer, importer and wholesaler of men's shoes. In 1997, the Company began to experience financial distress and filed for bankruptcy chapter 11 protection in the Southern District of New York. Shortly after its filing, the Company ceased all operations. While its bankruptcy filing was active, the Company turned over title to all of its assets to its secured lender Heller Financial, Inc. (Heller). As there were no remaining assets for the creditors, Judge Burton Lifland closed the Company’s case on June 3, 1999. The creditors received notice from the bankruptcy court that their claims were valueless and were eliminated. As a result of the court’s action, the only Company liabilities that survived were those that were not submitted as claims in the bankruptcy, of which there was only one. Subsequent to the court notice, Company management reaffirmed the sole remaining liability. As a result of the court’s order, all other obligations were extinguished June 4, 1999. The Company slipped into a dormant status for the next several years.
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In an effort to commence operations, the Company has issued and committed to issue common stock in return for services. Between October, 2005 and October, 2006, the Company issued 1,454,773,547 shares of common stock in exchange for consulting and other administrative services, the elimination of debt and to acquire LifeHealth Care, Inc.
The Company acquired all the outstanding stock from the Company’s current director and officer, Martin Licht, of LifeHealth Care, Inc. (“LHC”) on March 28, 2006 in exchange for 600,000,000 shares of the Company’s common stock. LHC is a startup company in the dental and healthcare marketplace that has no revenues or tangible assets. The estimated value of LHC at the time of the acquisition was $1,200,000. As of the date of acquisition, LHC had incurred cumulative losses of approximately $71,000. The Company has identified certain other medical related investments and is in the process of securing funds to acquire those investments and commence operations. LHC will require a significant amount of financing in order to commence operations. The Company does not have access to the necessary financing at this time. If financing is not obtained, LHC will not be able to commence operations. There is no certainty that even with financing, LHC will be able to commence operations or obtain profitable status. There is no certainty that the Company will secure the necessary financing to acquire or operate any assets.
On December 18, 2007 the Company filed a Schedule 14 (C) with the Securities and Exchange Commission announcing the approval by a majority of shareholders of the following:
A reverse Stock split of 150:1. As a result of the reverse split, the number of authorized and issued shares of common stock will be reduced to 9,991,072 from 1,498,612,518.
A reduction of the authorized number of common stock from 1,500,000,000 to 150,000,000.
An amendment to change the name of the Company from Cable & Co Worldwide, Inc. to Market & Research Corp.
Each of these steps have been approved by the board of directors and became effective April 21, 2008, and all have been reflected in the financial statements and this document.
On September 12, 2008, the Company distributed all the stock of LHC in the form of a dividend to the shareholders of the Company. As a result of the dividend, LHC was no longer a subsidiary of the Company and became a separate reporting company.
Recent Events
The Company has entered into three definitive Purchase Agreements each of which is in full force and effect. On November 12, 2007, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Andrew Perlmutter and David Weiss (collectively, the “Shareholders”).
The consummation of the stock purchase pursuant to the Purchase Agreement (the “Stock Purchase”) is subject to certain conditions set forth in the Purchase Agreement, including the continued accuracy of the representations and warranties made by all parties thereto and the parties’ continuing due diligence review. Upon the closing of the Stock Purchase, the Company will purchase, and the Shareholders will sell, all of the shares (the “Shares”) of InMarketing Corp., a New Jersey corporation (“InMarketing”), to the Company. InMarketing is in the business of designing proprietary software that provides a unique database-driven program to help companies build employee incentive programs.
The Company has agreed to purchase the Shares for $6,121,185. Fifty percent (50%) of the purchase price will be paid upon the closing of the Stock Purchase, and the remaining fifty percent (50%) will be paid to the Shareholders pursuant to certain promissory notes issued by the Company. Upon the closing of the Stock Purchase, the Shares will be held in escrow, until the purchase price has been paid in full.
As of November 5, 2007, the Company entered into a Stock Purchase Agreement (the “Aspen Purchase Agreement”) with Frank H. Schaller, Robert E. Hall, Paul K. Cowhig III, Matthew A. Lambert, and Sherrie L. Smith (collectively, the “Aspen Shareholders”). Although the agreement to purchase Aspen expired on February 1, 2008, a majority of the Aspen Shareholders have agreed to remain bound to the same terms to be purchased with no specified termination date.
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Aspen Shareholders have agreed to remain bound to the same terms to be purchased with no specified termination date.
The stock purchase pursuant to the former Aspen Purchase Agreement (the “Aspen Stock Purchase” was subject to certain conditions set forth in the Aspen Purchase Agreement, including the continued accuracy of the representations and warranties made by all parties thereto and the parties’ continuing due diligence review. Upon the closing of the Aspen Stock Purchase, the Company had agreed to purchase, and the Aspen Shareholders had agreed to sell, all of the shares (the “Aspen Shares”) of Quantum Research Services, Inc., d/b/a Aspen Media and Market Research, Ltd., a Colorado corporation (“Aspen”), to the Company. Aspen is in the business of providing market research services, including: (i) research field services; (ii) circulation – subscription renewal and acquisitions; (iii) sales lead qualification program and specialized services; (iv) relational database creation and list consolidation; and (v) print-to-electronic file conversion.
The Company had previously agreed to purchase the Aspen Shares for $2,041,976. Fifty percent (50%) of the purchase price for the Aspen Shares would have been paid upon the closing of the Aspen Stock Purchase, and the remaining fifty percent (50%) would have been paid to the Aspen Shareholders pursuant to the terms of certain promissory notes (the “Notes”) issued by the Company. At closing, the Notes shall be secured by the Company’s pledge of the Aspen Shares between the Company and the Aspen Shareholders.
On April 30, 2008, the Company entered into a Purchase and Sale of Assets Agreement (the “Purchase Agreement”) with Precision Opinion, Inc., a Nevada Corporation (“Precision”), and James Medick, Michael France, and Edward Wilson, being all of the shareholders of Precision (collectively, the “Shareholders”).
The consummation of the purchase by the Company of substantially all of Precision’s assets, properties and contractual rights (the “Assets”) pursuant to the Purchase Agreement (the “Asset Purchase”) is subject to certain conditions set forth in the Purchase Agreement, including the continued accuracy of the representations and warranties made by all parties thereto and the parties’ continuing due diligence review. Upon the closing of the Asset Purchase, the Company will purchase, and Precision will sell, all of the assets of Precision to the Company. Precision operates a market research and opinion polling business based in Las Vegas, Nevada.
The Company will purchase the Assets for the sum of: (i) Five Hundred Sixty-Eight Thousand Three Hundred and Ten Dollars ($568,310) (the “Initial Payment”); plus (ii) the amount (if any) equal to the additional loans made by the Shareholders to Precision, plus accrued interest on any such loans at the rate of eight percent (8%) per annum, on terms previously and mutually agreed to in writing or by email correspondence by James Medick and Gary Stein, President of the Company, between the date of the Purchase Agreement and the closing of the Asset Purchase; plus (iii) the Earn Out Amount.
Subsequent to closing, the Company shall pay to Precision an additional amount (the “Earn Out Amount”) equal to five times the EBITDA of the Precision Opinion division of the Company for the calendar year 2009 less the Initial Payment and the amount of any loans made to Precision as set forth above. The Earn Out Amount shall be paid one-half in cash and one-half in common shares of the Company’s stock, valued at the average of the bid price for the first ten business days in January, 2010. Upon the closing of the Asset Purchase, the Company will enter into an employment agreement with James Medick and certain other ancillary documents related to the Asset Purchase.
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Results of Operations
Quarter ended December 31, 2008 as compared to quarter ended December 31, 2007
REVENUES
None.
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
The Company recognized $1,029,041 during fiscal 2009 and $8,842 during fiscal 2008 in administrative expenses primarily related to efforts to revive the Company. The increase is primarily due to the issuance of common stock to consultants for services rendered in 2009.
PROVISION FOR INCOME TAXES
The deferred tax asset generated by the tax losses and temporary differences has been fully reserved.
NET LOSS
The Company recognized net losses of $1,029,041, during the first quarter of fiscal 2009 as compared to $8,842 during the same period this year for an overall increase in net loss of $1,020,199. The increase in the loss is primarily due to the issuance of common stock to consultants for services rendered in 2009.
Financial Condition, Liquidity and Capital Resources
The Company intends to seek financing to commence operations in the near future. There can not be any assurance that the Company will be able to secure any such financing. The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has suffered recurring losses, has an accumulated deficit of approximately, $27,200,000, current assets are exceeded by current liabilities and the Company is dependent upon financing to continue operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. It is management's plan to continue to implement their strategy to commence operations. With the commencement of operations, management believes they will generate sufficient funds to support operations. Officers will continue to support operations as needed for any shortfalls in cash flows to the extent they are able.
The Company has negative working capital. Until it secures financing, it is unlikely that the Company will have any working capital.
The Company does not have any assets with which it can satisfy any of its outstanding obligations. The Company’s ability to survive is in question. The Company is dependent on issuing its stock in exchange for goods and services.
Seasonal Fluctuations
There have been no fluctuations in our business to date which can be attributed to seasonality.
Employment Agreements
Currently, we have no written employment agreements with any of our employees or officers.
Additional Employee Benefits: The Company has no employees.
Capital Commitments
The Company currently has no commitments for capital expenditures.
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Trends
None, The Company does not have any operations at this time.
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ITEM 3 Quantitative and Qualitative Disclosures About Market Risk
Risk Factors
We have a limited operating history and a history of substantial operating losses and we may not be able to continue our business.
We have a history of substantial operating losses and an accumulated deficit of approximately $27,200,000 as of December 31, 2008. For the three months ended December 31, 2008, our net loss was $1,029,041. We have historically experienced cash flow difficulties primarily because our expenses have exceeded our revenues. We expect to incur additional operating losses for the immediate near future. These factors, among others, raise significant doubt about our ability to continue as a going concern. If we are unable to generate sufficient revenue from our operations to pay expenses or we are unable to obtain additional financing on commercially reasonable terms, our business, financial condition and results of operations will be materially and adversely affected.
We will need additional financing in order to continue our operations which we may not be able to raise.
We will require additional capital to finance our future operations. We can provide no assurance that we will obtain additional financing sufficient to meet our future needs on commercially reasonable terms or otherwise. If we are unable to obtain the necessary financing, our business, operating results and financial condition will be materially and adversely affected.
If we are unable to successfully integrate acquisitions, our revenue growth and future profitability may be negatively impacted.
The process of integrating an acquired business, technology or product may result in unforeseen operating difficulties and expenditures and may absorb significant management attention and capital that would otherwise be available for ongoing development of our business. In addition, we may not be able to maintain the levels of operating efficiency that any company we may acquire achieved or might have achieved separately. Additional risks we face include:
· the need to implement or remediate controls, procedures and policies appropriate for a public company in an acquired company that, prior to the acquisition, lacked these controls, procedures and policies;
· cultural challenges associated with integrating employees from an acquired company or business into our organization;
· retaining key employees from the businesses we acquire;
· the need to integrate an acquired company’s accounting, management information, human resource and other administrative systems to permit effective management; and
· to the extent that we engage in strategic transactions outside of the United States, we face additional risks, including risks related to integration of operations across different cultures and languages, currency risks and the particular economic, political and regulatory risks associated with specific countries.
Future acquisitions and investments could involve the issuance of our equity securities, potentially diluting our existing shareholders, the incurrence of debt, contingent liabilities or amortization expenses, write-offs of goodwill, intangibles, or acquired in-process technology, or other increased expenses, any of which could harm our financial condition. Our shareholders may not have the opportunity to review, vote on or evaluate future acquisitions or investments.
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Our stock price can be extremely volatile.
Our common stock is traded on the Buletin Board. There can be no assurance that an active public market will continue for the common stock, or that the market price for the common stock will not decline below its current price. Such price may be influenced by many factors, including, but not limited to, investor perception of us and our industry and general economic and market conditions. The trading price of the common stock could be subject to wide fluctuations in response to announcements of our business developments or our competitors, quarterly variations in operating results, and other events or factors. In addition, stock markets have experienced extreme price volatility in recent years. This volatility has had a substantial effect on the market prices of companies, at times for reasons unrelated to their operating performance. Such broad market fluctuations may adversely affect the price of our common stock.
Trading on the Bulletin Board may be sporadic because it is not a stock exchange, and stockholders may have difficulty reselling their shares.
Our common stock is quoted on the Bulletin Board. Trading in stock quoted on the Bulletin Board is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with our operations or business prospects. Moreover, the Bulletin Board is not a stock exchange, and trading of securities on the Bulletin Board is often more sporadic than the trading of securities listed on the NASDAQ SmallCap.
Our common stock is subject to the “penny stock” rules of the SEC and the trading market in our securities is limited, which makes transactions in our stock cumbersome and may reduce the value of an investment in our stock.
The Securities and Exchange Commission has adopted Rule 15g-9 which establishes the definition of a “penny stock,” for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require that a broker or dealer approve a person's account for transactions in penny stocks and the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.
In order to approve a person's account for transactions in penny stocks, the broker or dealer must obtain financial information and investment experience objectives of the person and make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.
The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the Commission relating to the penny stock market, which, in highlight form sets forth the basis on which the broker or dealer made the suitability determination and that the broker or dealer received a signed, written agreement from the investor prior to the transaction.
Generally, brokers may be less willing to execute transactions in securities subject to the “penny stock” rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.
Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.
We do not expect to pay dividends on our common stock.
We have not declared dividends on our common stock since our incorporation and we have no present intention of paying dividends on our common stock.
MANY OF THESE RISKS AND UNCERTAINTIES ARE OUTSIDE OF OUR CONTROL AND ARE DIFFICULT FOR US TO FORECAST. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED IN THE FORWARD-LOOKING STATEMENTS.
Critical Accounting Policies
The following is a discussion of the accounting policies that the Company believes are critical to its operations:
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Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes
The Company accounts for its income taxes using SFAS No. 109, “Accounting for Income Taxes”, which requires the recognition of deferred tax liabilities and assets for expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
Effective January 1, 2007, the Company adopted the provisions of FASB Interpretation No. 48 (“FIN 48”), “Accounting for Uncertainty in Income Taxes — An Interpretation of FASB Statement No. 109.” FIN 48 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements in accordance with SFAS No. 109. Tax positions must meet a “more-likely-than-not” recognition threshold at the effective date to be recognized upon the adoption of FIN 48 and in subsequent periods. Upon the adoption of FIN 48, the Company had no unrecognized tax benefits. During the three months ended December 31, 2008, the Company recognized no adjustments for uncertain tax benefits.
Goodwill Valuation
Goodwill represents the excess of the purchase price over the fair market value of net assets acquired. The process of determining goodwill requires judgment. Evaluating goodwill for impairment involves the determination of the fair value of our reporting units. Inherent in such fair value determinations are certain judgments and estimates, including the interpretation of current economic indicators and market valuations, and our strategic plans with regard to our operations. To the extent additional information arises or our strategies change, it is possible that our conclusion regarding goodwill impairment could change, which could have a material effect on our financial position and results of operations. For those reasons, we believe that the accounting estimate related to goodwill impairment is a critical accounting estimate.
The Company reviews goodwill annually (or more frequently under certain conditions) for impairment in accordance with SFAS No. 142, goodwill and other intangible assets. The Company performed its annual impairment test of goodwill as of September 30, 2007 and determined that goodwill was fully impaired. The Company wrote off the entire balance of goodwill.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, and results of operations, liquidity or capital expenditures.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Not applicable.
ITEM 4T Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure (1) that information required to be disclosed by us in the reports we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s (“SEC”) rules and forms, and (2) that this information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily was required to apply its judgment in evaluating the cost benefit relationship of possible controls and procedures.
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Prior to the filing date of this report, under the supervision and review of our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective in alerting them in a timely manner to material information that is required to be included in our periodic reports to the SEC.
In addition, there have been no significant changes in our internal controls or in other factors that could significantly affect those controls that occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We can provide no assurance, however, that our system of disclosure controls and procedures will always achieve its stated goals under all future conditions, no matter how remote.
PART II - OTHER INFORMATION
ITEM 1 Legal Proceedings
None
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None
Item 3. Defaults Upon Senior Securities
Not applicable.
ITEM 4: Submission of Matters to a Vote of Security Holders
On December 3, 2007, Martin Licht, the holder of a majority of shares of the Company approved:
A reverse Stock split of 150:1. As a result of the reverse split, the number of authorized and issued shares of common stock will be reduced to 9,991,072 from 1,498,612,518.
A reduction of the authorized number of common stock from 1,500,000,000 to 150,000,000.
An amendment to change the name of the Company from Cable & Co Worldwide, Inc. to Market & Research Corp.
Each of these steps have been approved by the board of directors and became effective April 21, 2008, and all have been reflected in the financial statements and this document.
Item 5. Other Information
Not applicable.
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ITEM 6: Exhibits
Number Description
3.1 (1) Articles of Incorporation, as amended and in effect
3.2 (1) By-laws
31.1 (2) Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
31.2 (2) Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
32.1 (2) Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)
32.2 (2) Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)
(1) Previously filed with the Form 10-KSB/A filed on January 16, 2008 and incorporated herein by reference.
(2) Field herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.
Date: February 12, 2009
MARKET & RESEARCH CORP.
/s/ Gary Stein
Gary Stein
President (Principal Executive Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.
Date: February 12, 2009
MARKET & RESEARCH CORP.
/s/ John Grippo
John Grippo
Chief Financial Officer
(Principal Accounting Officer)
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.11 @ .22 V = 14,690
That Was 2/Funny Thanks.
$$$$$$$$
Posted by: goforthebet Date: Thursday, February 12, 2009 11:06:30 AM
In reply to: 53chevy who wrote msg# 19722 Post # of 19728
oh thanks. did not know that.. So he is not even working 3 weeks and already a day off - wow heheheheh
Market & Research Corp. focuses on the market and research industry. The company plans to acquire entities that provide consumer research services to the entertainment, non-governmental, political polling service, telecommunication, automotive, healthcare, banking, and cable industries; and develop sales incentive, safety incentive, service award, recognition, or customer loyalty programs. It also holds a subsidiary, LifeHealthCare, Inc., which intends to develop and commercialize over-the-counter nonprescriptive dental care products. It was formerly known as Cable & Co. Worldwide, Inc. and changed its name to Market & Research Corp. in April 2008. The company is based in Westport, Connectic...
We Need News 2 Move ^
MTRE aka MKRC
About Market & Research Corp. ("MKRC")
MKRC currently owns LifeHealth Care, Inc. ("LHC") LHC intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products.
About Precision Opinion
Precision, currently under contract to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
About INmarketing
INmarketing, currently under contract to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum, currently under contract to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
This Is Old & Sad ( :>( <<<<<
Price Size Exch Time
t 0.0009 1010000 OTO 16:12:23 <<<<
0.0015 100000 OTO 15:59:30 + Paint
0.001 10000 OTO 15:59:04
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0.001 95000 OTO 15:51:58
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0.0009 140 OTO 14:20:00
0.001 100000 OTO 12:53:30
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0.001 61100 OTO 10:51:13
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2/Funny = Paint It Even! <<<<<<<<
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0.023 1825 OTO 15:59:08 <<<<<<<<<
0.02 5000 OTO 15:50:34
0.0195 5000 OTO 15:41:21
0.02 24322 OTO 15:36:12
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0.02 10000 OTO 14:26:30
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0.0195 15449 OTO 14:19:13
0.0195 22051 OTO 14:19:11
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0.0195 4000 OTO 14:12:47
Only 468,848 This Time.
t 0.001 468848 OTO 02/02
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February 2, 2009 - 3:34 PM EST
VSHD 0.19 0.179
Vidshadow Announces Stockholder Approval of Reverse Stock Split Monday, February 2, 2009 9:00 am ET
Vidshadow Announces Its Board of Directors and Stockholders Have Authorized a 1-for-10 Reverse Split of Vidshadow's Common Stock
LOS ANGELES, CA -- (Marketwire) -- 02/02/09 -- Vidshadow, Inc. (PINKSHEETS: VSHD) (http://www.vidshadow.com), a provider of digital interactive media technology solutions, announced today that its Board of Directors and stockholders have authorized a 1-for-10 reverse split of Vidshadow's common stock.
"This approval serves as a milestone in our effort to improve the capital structure of the Company," said Atul Patel, CEO of Vidshadow. "In light of our new product launches and the market opportunity, the Company hopes that by improving its capital structure it will become even more attractive to investors, analyst and institutional communities."
The reverse stock split was approved by Vidshadow's stockholders in February 2009. In the reverse split, each ten shares of Vidshadow's issued and outstanding common stock will be combined into one share of common stock. No fractional shares will be issued in connection with the reverse stock split and fractional shares will be rounded up to the nearest whole share of common stock. The reverse split will affect all shares of Vidshadow's common stock, including those shares underlying stock options, warrants and convertible debentures outstanding immediately prior to the effective date of the reverse split.
Upon approval of this reverse split by the Nasdaq, Vidshadow's will mail instructions to stockholders of record prior to the effective date regarding the exchange of certificates for common stock.
About Vidshadow, Inc.
Vidshadow, Inc. (PINKSHEETS: VSHD) is a provider of an end-to-end solution for digital video management, syndication, playback, and monetization. Vidshadow provides on-demand software to content producers and licensors for expanded syndication and increased transparency, publishers and distributors for end-user experiences and engagement, and advertising networks and agencies to enhance audience targeting and reach. Vidshadow's technology platform provides a seamless integration between these parties, and also integrates other third-party services and solutions. The company is headquartered in Greater Los Angeles. For more information, please visit http://www.vidshadow.com.
Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Vidshadow, Inc. undertakes no obligation to update publicly any forward-looking statements.
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Contact:
Kathrine Son
714-363-5250
Email Contact
Source: Marketwire (February 2, 2009 - 3:34 PM EST)
News by QuoteMedia
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4.40 @ 4.41 V = 17,100,580
Las Vegas Sands (LVS) NewsBite - LVS Covered In Vic Wisemann Report Today
Monday 02/02/2009 10:30 AM ET - Freshbrewedmedia
Related Companies
Symbol Last %Chg
LVS 4.41 -14.37%
As of 2:47 PM ET 2/2/09
Las Vegas Sands (LVS) was covered in a Vic Wisemann Report today and the stock is now at $4.50, down $0.65 (-12.62%) on volume of 2,933,867 shares traded. To see the report, and read Vic's thoughts on bargain-priced stocks, go to http://www.iotogo.com/vw020209 . Over the last 52 weeks the stock has ranged from a low of $2.89 to a high of $95.26. Las Vegas Sands stock has been showing support around $4.60 and resistance in the $6.02 range. Technical indicators for the stock are bearish and S&P gives LVS a negative 2 STARS (out of 5) sell ranking. We will just watch this one for now. There are no hedged trades we like the look of for LVS.
ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
January 22, 2009 - 5:20 PM EST
Beverly Hills Bancorp Inc. Elects to Delist From Nasdaq
Beverly Hills Bancorp Inc. (NASDAQ:BHBC) (the “Company”) announced today that it has notified The Nasdaq Global Select Market (“Nasdaq”) that it intends to terminate the listing of its common stock. This is the initial step in the process for the Company to cease being a reporting company, as the Company has not arranged for the listing or quotation of its securities on any other securities exchange or quotation system.
Larry Faigin, Chief Executive Officer of the Company, said “We have made this determination because we believe that the substantial financial and administrative burden of periodic reporting far outweigh the benefits of continued listing and registration.”
Once the Company’s common stock is delisted from Nasdaq, the Company intends to terminate the registration of the common stock under the Securities Exchange Act and to suspend obligations to file reports with the Securities and Exchange Commission.
The Company anticipates that delisting will become effective approximately 20 days after today, and intends to cease filing periodic reports as soon as legally permitted thereafter.
Beverly Hills Bancorp Inc. is a financial holding company that conducts banking operations through its wholly owned subsidiary, First Bank of Beverly Hills, with a branch office located in Calabasas, California.
For further information regarding this announcement, please see our website (www.bhbc.com) for our report on Form 8-K to be filed on January 23, 2009.
This release contains forward-looking statements. These forward-looking statements are not historical facts but rather are based on current expectations, estimates, and projections about our industry, our beliefs and our assumptions. Words such as “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks” and “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. The Company’s actual results may differ materially from those projected in these forward-looking statements as a result of a number of factors, including, but not limited to, the condition of the real estate market, the availability and conditions of financing for loan pool acquisitions, mortgage-backed securities and other financial assets as well as interest rates. Readers of this release are cautioned not to place undue reliance on these forward-looking statements.
Larry B. Faigin
Chief Executive Officer
Beverly Hills Bancorp Inc.
818.223.5474
800.515.1616 ext. 5474
Source: Business Wire (January 22, 2009 - 5:20 PM EST)
News by QuoteMedia
www.quotemedia.com
November 10, 2008 - 4:31 PM EST
Beverly Hills Bancorp Announces Third Quarter Loss
Beverly Hills Bancorp Inc. (the “Company”) (NASDAQ:BHBC), the parent company of First Bank of Beverly Hills (the “Bank”), reported a net loss for the three months ended September 30, 2008 of $11.9 million, or $0.63 per diluted share, compared with net income of $2.3 million, or $0.12 per diluted share, for the three months ended September 30, 2007. The net loss for the first nine months of 2008 was $9.3 million, or $0.49 per diluted share, compared with net income of $7.1 million, or $0.38 per diluted share, for the first nine months of 2007.
The decline in net earnings from the third quarter of 2007 to the third quarter of 2008 was primarily attributable to a $21.7 million increase in the provision for loan losses, a $3.4 million decrease in other income for securities impairment charges, and a $0.3 million reduction in net interest income. These reductions in income were partially offset by a $1.7 million decrease in other expense.
The Company and the Bank continue to meet and substantially exceed all regulatory capital requirements. At September 30, 2008, the Company had total risk-based capital of $158.0 million and a total risk-based capital ratio of 16.83%. At that date, the Bank had total risk-based capital of $136.2 million and a risk-based capital ratio of 14.68%, exceeding by more than $43 million and 4% the requirements to be “well capitalized” under applicable regulations.
The Company’s total assets continued to decline during the third quarter of 2008 due to reduced levels of loan originations and no purchases of investment securities. Total assets at September 30, 2008, were $1.30 billion, a decline in total assets of $197.5 million and $70.0 million from December 31, 2007 and June 30, 2008, respectively.
At September 30, 2008, the Company’s non-performing assets totaled $76.6 million and were comprised of non-accrual loans of $75.5 million and real estate owned of $1.1 million. Nonaccrual loans primarily included construction loans of $36.8 million, commercial real estate and land loans of $25.5 million, and multifamily loans of $8.3 million. The Company is proactively managing the loan portfolio, and may selectively place loans on nonaccrual status before they become more than ninety days past due. At September 30, 2008, nonaccrual loans included $45.0 million of loans that were past due more than 90 days, $20.1 million of loans that were past due 31-90 days, and $10.4 million of loans that were past due less than 31 days.
The Company recorded a provision for loan losses of $22.8 million in the third quarter of 2008, as compared with a provision of $1.2 million in the third quarter of 2007. The higher loan loss provision mainly reflects declining collateral values for construction and land loans, reflecting the weak market from sales of single family homes. The Company has also increased the loan loss reserves for the higher risk associated with the construction and land loans. As of September 30, 2008, the allowance for loan losses totaled $41.2 million or 4.54% of the loan portfolio, as compared to $21.9 million or 2.19% of the loan portfolio at December 31, 2007.
Net interest income for the third quarter of 2008 was $7.6 million, compared with $7.9 million for the third quarter of 2007. The decline in net interest income resulted from the continued reduction in total assets as average interest-earning assets for the third quarter of 2008 were $266.7 million below the year ago period. The impact of fewer interest-earning assets more than offset a 32 basis point improvement in the net interest margin to 2.36%, up from 2.04% in the third quarter of 2007. The Company’s net interest margin has widened over the prior year as short-term liabilities have matured and been replaced with lower cost funding as a result of lower market interest rates.
The fair value of the investment securities portfolio experienced a significant decline during the third quarter due to disruptions in the mortgage-backed securities market and market illiquidity for certain types of securities. The Company evaluated its investment securities and concluded the decline in fair value for three non-agency mortgage-backed securities, a mutual fund investment and a trust preferred security was other than temporary. Accordingly, the Company recorded an impairment charge of $3.9 million in the third quarter of 2008 to reduce the carrying values of these securities.
Stockholders’ equity decreased by $20.2 million during the nine months ended September 30, 2008 to $127.9 million, or $6.81 book value per diluted share. The reduction in equity was attributable to net after-tax unrealized losses of $11.1 million on the portfolio of available-for-sale securities and the net loss of $9.3 million. Net after-tax unrealized losses on our available-for-sale securities are reported on the statements of financial condition as accumulated other comprehensive loss in stockholders’ equity, and not reported in our statements of operations.
Financial Highlights
The following table presents selected consolidated financial information for the Company for the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
Operating Data: 2008 2007 2008 2007
(Dollars in thousands, except per-share data)
Net (loss) income $ (11,860 ) $ 2,338 $ (9,269 ) $ 7,124
(Loss) income before taxes (19,858 ) 3,836 (15,469 ) 12,096
Net interest income 7,627 7,943 22,500 23,603
(Loss) earnings per share – diluted (0.63 ) 0.12 (0.49 ) 0.38
Net interest margin 2.36 % 2.04 % 2.20 % 2.03 %
Net interest spread 1.93 % 1.57 % 1.75 % 1.58 %
Return on average assets (annualized) -3.54 % 0.57 % -0.88 % 0.59 %
Return on average equity (annualized) -31.63 % 5.86 % -8.18 % 6.00 %
Efficiency ratio 35.41 % 40.10 % 40.56 % 44.02 %
Risk-based capital ratio 16.83 % 16.42 % 16.83 % 16.42 %
Average equity to average assets 11.19 % 9.81 % 10.71 % 9.81 %
The following table presents selected consolidated financial information for the Company as of the dates indicated:
September 30, December 31, September 30,
Balance Sheet Data: 2008 2007 2007
(Dollars in thousands, except per-share data)
Total assets $ 1,302,600 $ 1,500,114 $ 1,584,578
Loans, net 867,938 979,948 1,047,543
Deposits 667,489 637,471 736,519
Stockholders’ equity 127,883 148,108 156,127
Book value per share – diluted 6.81 7.87 8.30
Total assets per employee 37,217 31,917 33,012
The following table presents selected financial information for the Bank for the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
Operating Data: 2008 2007 2008 2007
(Dollars in thousands)
Net income $ (9,733 ) $ 2,842 $ (6,336 ) $ 8,923
Income before taxes (16,504 ) 4,622 (10,742 ) 15,115
Net interest income 7,795 8,243 22,860 24,443
Net interest margin 2.43 % 2.16 % 2.26 % 2.15 %
Net interest spread 2.04 % 1.72 % 1.85 % 1.72 %
Efficiency ratio 22.28 % 34.45 % 32.07 % 33.90 %
Risk-based capital ratio 14.68 % 13.90 % 14.68 % 13.90 %
For further information, please see our website (www.bhbc.com) for our Quarterly Report on Form 10-Q and related communications (available on or about November 10, 2008).
This release contains forward-looking statements including financial projections, statements as to the plans and objectives of management for future operations, and statements as to the Company’s future economic performance, financial condition and results of operations. These forward-looking statements are not historical facts but rather are based on current expectations, estimates, and projections about our industry, our beliefs and our assumptions. Words such as “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks” and “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. The Company’s actual results may differ materially from those projected in these forward-looking statements as a result of a number of factors, including, but not limited to, the condition of the real estate market and the economy, changes in banking regulations, the availability and conditions of financing for loan pool acquisitions, mortgage-backed securities and other financial assets as well as interest rates. Readers of this release are cautioned not to place undue reliance on these forward-looking statements.
BEVERLY HILLS BANCORP INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
(Dollars in thousands)
September 30,
2008
December 31,
2007
ASSETS
Cash and cash equivalents $ 29,022 $ 12,964
Mortgage-backed securities available for sale, at fair value 316,689 413,875
Investment securities available for sale, at fair value 5,611 6,941
Investment securities held to maturity, at amortized cost (fair value of $10,147 in 2007) — 9,809
Loans, net of allowance for loan losses of $41,216 in 2008 and $21,882 in 2007 867,938 979,948
Stock in Federal Home Loan Bank of San Francisco, at cost 26,263 31,880
Real estate owned, net 1,072 44
Leasehold improvements and equipment, net 740 927
Accrued interest receivable 6,764 8,663
Income taxes receivable 5,326 3,601
Deferred tax asset, net 39,646 28,340
Prepaid expenses and other assets 3,529 3,122
TOTAL $ 1,302,600 $ 1,500,114
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Noninterest-bearing deposits $ 1,128 $ 886
Interest-bearing deposits 666,361 636,585
Total deposits 667,489 637,471
Repurchase agreements 30,000 40,000
Federal Home Loan Bank advances 430,000 611,000
Junior subordinated notes payable to trusts 36,084 46,393
Accounts payable and other liabilities 11,144 17,142
Total liabilities 1,174,717 1,352,006
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, $0.01 par value, 30,000,000 shares authorized, 27,176,462 issued (including 8,389,368 treasury shares) 272
272
Additional paid-in capital 166,622 166,430
Treasury stock, 8,389,368 shares, at cost (39,974 ) (39,974 )
Retained earnings 13,633 22,902
Accumulated other comprehensive loss (12,670 ) (1,522 )
Total stockholders’ equity 127,883 148,108
TOTAL $ 1,302,600 $ 1,500,114
BEVERLY HILLS BANCORP INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands, except per share data)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2008 2007 2008 2007
INTEREST INCOME:
Loans $ 14,815 $ 20,220 $ 48,074 $ 59,277
Mortgage-backed securities 4,602 5,811 14,538 17,711
Securities and federal funds sold 168 468 771 1,357
Total interest income 19,585 26,499 63,383 78,345
INTEREST EXPENSE:
Deposits 5,814 9,839 20,018 29,993
Borrowings 6,144 8,717 20,865 24,749
Total interest expense 11,958 18,556 40,883 54,742
NET INTEREST INCOME 7,627 7,943 22,500 23,603
PROVISION FOR LOSSES ON LOANS 22,839 1,182 27,600 2,028
NET INTEREST (EXPENSE) INCOME AFTER PROVISION FOR LOSSES ON LOANS (15,212
)
6,761
(5,100
)
21,575
OTHER (EXPENSE) INCOME:
FHLB stock dividends 410 406 1,283 1,173
(Loss) gain on sale of securities (15 ) — 31 —
Impairment charge on securities (3,871 ) — (4,105 ) —
Other income, net 464 28 699 454
Total other (expense) income (3,012 ) 434 (2,092 ) 1,627
OTHER EXPENSES:
Compensation and employee benefits 1,133 1,868 4,952 5,682
Professional fees 560 603 1,884 1,985
Occupancy 161 135 508 435
Loan expenses 185 37 406 119
Regulatory assessments 61 45 182 157
Data processing 75 76 230 252
Insurance 312 167 617 486
Depreciation 69 91 251 280
Directors expense 90 99 295 318
Real estate owned, net (1,331 ) 50 (1,331 ) 410
Other general and administrative expense 319 188 283 982
Total other expenses 1,634 3,359 8,277 11,106
(LOSS) INCOME BEFORE INCOME TAX (BENEFIT) PROVISION (19,858 ) 3,836 (15,469 ) 12,096
INCOME TAX (BENEFIT) PROVISION (7,998 ) 1,498 (6,200 ) 4,972
NET (LOSS) INCOME $ (11,860 ) $ 2,338 $ (9,269 ) $ 7,124
(Loss) earnings per share – basic $ (0.63 ) $ 0.12 $ (0.49 ) $ 0.38
(Loss) earnings per share – diluted $ (0.63 ) $ 0.12 $ (0.49 ) $ 0.38
Dividends declared per share $ 0.00 $ 0.13 $ 0.00 $ 0.38
Weighted average number of shares – basic 18,787,094 18,786,757 18,787,094 18,768,637
Weighted average number of shares – diluted 18,787,094 18,813,327 18,787,094 18,807,723
Beverly Hills Bancorp Inc.
Larry B. Faigin, President and CEO
800-515-1616
Source: Business Wire (November 10, 2008 - 4:31 PM EST)
News by QuoteMedia
www.quotemedia.com
SPZN
Reuters - As Of Dec 31, 2008
A/S 20M
O/S 3,255,428
Insiders Own 25%
Last Price .019
NOL's
Note 5. Taxes on Income
For the six months ended December 27, 2003, the Company has not recorded any income tax benefit as a result of management’s assessment that the Company may not be able to realize certain tax benefits from net operating loss carryforwards. At December 27, 2003, the Company had outstanding federal and state net operating loss carryforwards (“NOLs”) of approximately $4.8 million and $12.2 million, respectively. These carryforwards expire at various dates through 2023. During the six months ended December 27, 2003, the Company has increased its valuation allowance from $200,000 to $1,340,000 related to operating loss carryforwards, since it is not likely that all of the loss carryforwards will be realized prior to their expiration.
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2-Funny-Thanks
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0.0012 666666 OTO 15:59:24
That Was Fun ^ 15.22% V = 4,201,293
Have A G@@D Weekend Flip.
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Please Tell Us More.
TIA:
$$$$$$$$$$$
The company has the ability to raise all the money they need through another Convertible Debenture
You Flip It Like The G@@D Old Day's!
$$$$$$$$$$$
Posted by: Lurker from Mars Date: Friday, January 16, 2009 10:18:12 PM
In reply to: GoUpGoDown who wrote msg# 154909 Post # of 154915
I just don't know what to say, think or feel...You stand by a company this long in the worst of exchanges.....you are part of a group of "investors" that buy what they can when they can....
Stocky U Can Buy Mine Tuesday & Wednesday, Get In Line My
Shares R Hot! SORRY If We Go Down 2 Much.
Later, The Team.
$$$$$$$$$
Posted by: Stocky Stockerton Date: Friday, January 16, 2009 7:42:37 PM
In reply to: None Post # of 154914
If this PPS drops...I'll be buying more and more...
Pete Now I Must Sell My Free Shares B4 The R/S!
How Can They Do This 2 Us?
$$$$$$$$$$$
Posted by: LC-GATOR Date: Friday, January 16, 2009 7:03:44 PM
In reply to: jdojax who wrote msg# 154885 Post # of 154905
I had a feeling this was going to happen, I sold my remaining shares today at .0195.
May buy back again for another profit when it gets back down into the .00 or so.
This company cares only for themselves, not the shareholders that have continued to support them.
I have one prediction.
Once they give out the news that they are now trading on the OTCBB there will be huge dilution coming from the company and sell off from those 10 shareholders that were mention in the filings to the SEC.
Watch and see.
YES = ( :>(
Is The Market Cap 609K With 507M O/S
TIA:
T & S
Price Size Exch Time
0.16 150 OTO 15:51:15
0.15 5000 OTO 13:01:30
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All I Can Say Is Wii......
50M shares totally authorized
28,449,265 total outstanding
4,259,944 public float (confirmed on 01/13/09 by company
14,877,045 (restricted shares owned by officers & directors)
10-K Out For MTRE
I Put A Test Sell In On LFHE & Got This.
Unable to enter the order because the symbol entered does not have a Last price, Bid or Ask.
RoyBee ....This Is The Roy I Was Talking About All This Time.
http://idea.sec.gov/Archives/edgar/data/868756/000105291809000012/xslF345X02/primary_doc.xml
Later, Team ROY!
Is This The Same Now?
198,045 Shares = 5.2%
TIA:
Item 4. Ownership.
(a) Amount beneficially owned as of December 31, 2005: 198,045
(b) Percent of class: 5.2%
(c) (i) Sole power to vote or direct vote: 0
(ii) Shared power to vote or direct vote: 198,045
(iii) Sole power to dispose or direct disposition: 0
(iv) Shared power to dispose or direct disposition: 0
(v) None
Thanks ROY!
O-TAY! ( :>) Any Time......
Yes A C/P Of This.
http://www.hotstockmarket.com/index.php?page=Research&qm_page=50059
$$$$$$$$$$
Posted by: Superbee383 Date: Thursday, January 08, 2009 2:07:41 PM
In reply to: Teamlasvegas who wrote msg# 17785 Post # of 17800
Thanks TLV!
So it is showing on the L2 for Alphatrade? And does it show with the 'n' when you check out T&S?
Is that a copy/paste of it at the bottom of your post?