I noticed I have 27 boardmarks, why are you bm me...... I am a newb!
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damn what a beauty
VPIG 2.17
Some recent trading activity
$0.3200 4,999 OTO 13:39:27
$0.2800 935 OTO 13:14:07
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$0.2900 400 OTO 04/19
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shweeettt
haha I was asking what you think of the chart at this point! rofl
LWLG georgie what do you make of the recent trading?
VPIG 1.93
DAMN 1.93
I like the way you think. Time will tell, wouldn't mind helping out the family with car payments.
Imran
freaking gorgeous volume today.
I have no worries right now, patience can actually be a virtue sometimes.
Esplanade Capital Urges Board of Archon Corporation to Consider Its Offer to Acquire the Company
10:00a ET April 15, 2013 (Business Wire)
Esplanade Capital LLC, the second largest outside shareholder (based on Bloomberg data) of Archon Corporation (OTC: ARHN), has made an offer to acquire all outstanding shares of Archon Corporation at a price of $17.50 per share in a negotiated transaction, subject to confirmatory due diligence. Esplanade Capital has delivered two letters to Archon's board of directors, the full texts of which follow:
For Delivery on April 15, 2013
Archon Corporation Board of Directors Attention: Suzanne Lowden, Secretary 2200 Casino Drive Laughlin, NV 89029
Dear Members of the Board of Directors:
On March 28, 2013, Esplanade Capital LLC ("Esplanade" or "We") made an offer to acquire all outstanding shares of Archon Corporation (the "Company" or "ARHN") at a price of $17.50 per share in a negotiated transaction, subject to confirmatory due diligence. We made this offer directly to the Board of Directors ("The Board") on March 28 and followed up directly with the Company on April 4.
The Company has not responded to our overtures. We believe that all shareholders deserve to learn about our offer which represents a 61.6% premium to the average closing price over the 90 trading days prior to the date of our offer (using the most recent prior closing price if no trading occurred on that day). We ask that The Board immediately commence negotiations with us or publicly commit to a sales process.
We are releasing our March 28 letter along with this letter to the public concurrently with its delivery to you.
Very truly yours,
Shawn W. Kravetz
President
cc: Paul W. Lowden at P.O. Box 270820 Las Vegas, NV 89127 Howard Foster (electronically)
The full text of Esplanade's March 28 letter to the Archon board of directors follows:
March 28, 2013
Archon Corporation Board of Directors Attention: Suzanne Lowden, Secretary 2200 Casino Drive Laughlin, NV 89029
Dear Members of the Board of Directors:
Esplanade Capital LLC ("Esplanade" or "We"), proposes to acquire all outstanding shares of Archon Corporation (the "Company" or "ARHN") at a price of $17.50 per share in a negotiated transaction, subject to confirmatory due diligence. This represents a 61.6% premium to the average closing price over the past 90 trading days (using the most recent prior closing price if no trading occurred on that day). Of course, should you be able to demonstrate additional value, we would consider increasing our offer.
Through the management of Esplanade Capital Partners I LLC, We and our affiliates have been significant shareholders in ARHN since 2006. As background, Esplanade was founded in 1999 and manages two private investment partnerships. We have been investing for over thirteen years, largely by identifying undervalued or underappreciated public companies.
To assist us in this transaction, we expect to be working with a longtime outside relationship who has built an impeccable track record of several billion dollars worth of real estate acquisitions, restructurings, and recapitalizations over the past three decades.
With the Company's cooperation, we are highly confident in our ability to finance this transaction based on discussions with our network of equity and debt financiers.
We believe ARHN is currently undervalued and has underperformed. Management and the Board of Directors ("The Board") have taken little action to address this underperformance and unlock shareholder value for all holders of the Company's common stock. In fact, in recent years, we believe management has acted in a manner contrary to the non-Lowden common shareholder interests, with a pattern of questionable management and corporate behavior including the following:
2005: In a complaint filed with the Securities and Exchange Commission,
D.E. Shaw & Co. claims that (Paul) Lowden gave bonuses worth $4
million each to close relatives to the detriment of minority
shareholders.
2007-8: The Company failed to close a deal to sell Las Vegas Strip real
estate at extremely favorable valuations.
2011: The Company employed a reverse and forward stock split to eradicate
small shareholders, resulting in the cessation of registration,
commonly known as "going dark," that eliminated public reporting
requirements thereby drastically reducing the ability of shareholder
to obtain current material information about the Company.
2012: In the Company's financial statements dated March 31, 2012, the
Company sent financials that we believe had misstated and inflated
diluted share-count by 912,500 shares (an increase of over 15%).
Given what we see as the Company's history of granting inappropriate
stock options, we were understandably concerned when we identified
this discrepancy in our routine due diligence. The Company and its
accounting firm have failed to respond to our questions, but we did
finally receive acknowledgment from a member of the Board of
Directors that an error had been made.
Ongoing: The Company is entangled in a series of lawsuits, including the
continuing dispute with holders of the Company's preferred stock.
Ongoing: Over the years, as a concerned shareholder we have repeatedly tried
to engage Mr. Lowden (through letters, telephone calls, and one
visit to corporate headquarters) but have been consistently ignored.
Ongoing: The Company has engaged in numerous related party transactions
including accepting promissory notes from the brother of Mr. Lowden
for his exercise of stock options and from the son of Mr. Lowden for
the sale of a Ford F-150 SuperCrew Short Bed vehicle.
We appreciate your reply and welcome the opportunity to discuss this directly with the Board of Directors at your earliest convenience.
Very truly yours,
Shawn W. Kravetz
President
cc: Paul W. Lowden at P.O. Box 270820 Las Vegas, NV 89127 Howard Foster (electronically)
ABOUT ESPLANADE CAPITAL LLC
Esplanade Capital is a Boston based investment management company founded in 1999 to manage capital for a small number of like-minded families, private investors, and institutions
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130415005169r1&sid=cmtx4&distro=nx
SOURCE: Esplanade Capital LLC
Esplanade Capital LLC
Ashley Hyotte, 617-502-9933
Vice President
Ashley@esplanadecapital.com
not happy at the note being at .10 per share. Lets see how it plays out.
Beautiful day.
I am looking red but personally not very concerned, when you have someone on the Forbes list involved it gets interesting.
AXGN hit 6 bucks before settling down..... bucket moment number 1000
AXGN hit 6 bucks before settling down..... bucket moment number 1000
I am a idiot.... freaking hit 6 bucks today.
Nice!
mind posting the whole thing?
same here guts.
no worries patience is a virtue. Weren't we talking about a buck?
.3775
wow strong move today!
Huge blocks on Friday
$3.6900 82,555 OBB 16:01:44
$3.6600 4,000 OBB 15:23:30
$3.6700 82,555 OBB 12:02:37
$3.6800 82,555 OBB 12:02:18
New identity and US management structure to reinforce growth strategy
BARNSLEY, England, April 5, 2013 /PRNewswire/ -- MAM Software Group, Inc. (OTC Bulletin Board: MAMS) has announced a new corporate identity and a new management structure for it US subsidiaries as part of a global rebrand. The move brings MAM operations in the UK and US under one unified brand to more accurately reflect its position as one of the leading providers of business management software solutions.
(Photo: http://photos.prnewswire.com/prnh/20130405/NY89407 )
Renowned for its innovative and flexible approach, MAM Software is a leading provider of business management solutions, with dedicated product groups for the UK and US automotive aftermarkets as well as vertical markets in the UK. It focuses on improving the efficiency and profitability of companies with complex supply chains via the use of specialized software and services.
This major initiative will see the merging of the Group's MAM Software Inc. and Aftersoft Network NA Inc. subsidiaries to create a single company with specific divisions serving the US tire and auto parts aftermarkets. Operating under the new MAM Software Inc. brand, the company will headed by the newly appointed Patrick Maley as President.
Patrick Maley joins the company from RedPrairie, where he occupied the role of Vice President and General Manager. He has 23 years of sales and management experience across a variety of industries. Mr Maley will bolster the executive team at MAM Software Inc., joining existing members of staff Bill Klepeiss and Brian Allibon who will take new positions as President of VAST Division and President of Autopart Division respectively.
The refreshed brand identity, which will be rolled out over the coming weeks, underlines the company's dedication to growing its operations in the US and UK and centers around the central proposition of "Driving Business Performance." The rebrand will also include a new website which will communicate the business benefits of MAM's solutions and encapsulate the Group's total offering, including applications for auto parts, tire, servicing and other vertical markets.
"Our new identity will act as a catalyst for further progress towards our strategic vision," said Mike Jamieson, CEO of MAM Software Group. "With our new logo and central proposition, MAM Software is making a bold statement about our leadership in helping companies achieve significant improvements in their business performance. Existing product names will be retained however, in order to preserve the solid reputation they have earned, and to help ensure their continued strong market position.
"This is an exciting time for MAM Software in North America, and with continued investment in the company we aim to capitalize on our successes and build a platform for future growth. Our new identity will make it easier for existing and potential customers to identify which of our products are relevant to their market, and will give stakeholders a greater clarity about the structure of the Group."
About MAM Software Group, Inc.
MAM Software Group, Inc. (OTC Bulletin Board: MAMS) is a supplier of business and ERP supply chain management solutions to automotive parts manufacturers, distributors and retailers. MAM Software Group provides the automotive aftermarket with a combination of business management systems, information products, and online services that together deliver benefits for all parties involved in the timely repair of a vehicle. For further information, please visit http://www.mamsoftwaregroup.com/.
SOURCE MAM Software Group, Inc.
Source: PR Newswire (April 5, 2013 - 11:00 AM EDT)
News by QuoteMedia
holding really well at these levels.
Patience is the name of the game.
VPIG 1.81.... crapola
quite day but nice to see it holding above .30
Morning Georgie
In my mind there is a lot to like here, and of course things that can be improved upon. I missed out on gains on MSLP previously, and would like to think 1+ is possible.
Regulation SHO defines threshold securities as any equity security of an issuer that is registered under Section 12, or that is required to file reports pursuant to Section 15(d) and where, for five consecutive settlement days:
there are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; AND
the level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding
IZEA on the list today
http://www.otcmarkets.com/marketActivity/reg-sho-otc
$3.7000 119,612 OBB 15:59:59 ->>>>> huge block
$3.6700 50,000 OBB 14:02:10
$3.6800 50,000 OBB 14:01:47
$3.6700 500 OBB 13:23:05
$3.6700 50,000 OBB 12:48:23
$3.6800 50,000 OBB 12:47:56
$3.6800 2,250 OBB 12:06:27
$3.6800 3,000 OBB 11:33:04
$3.6800 1,000 OBB 11:32:53
$3.6800 1,000 OBB 11:31:39
$3.6800 800 OBB 11:09:40
$3.6800 200 OBB 11:08:27
$3.6800 2,500 OBB 10:56:46
$3.6800 150 OBB 09:34:45
$3.6800 1,100 OBB 09:34:05
?
Trades for the day..... I would like to think I took advantage of the dip, but who knows.
I was checking the 1 year chart and the 50ma is starting to show a positive trend (look at Feb to April).
$0.3320 1,100 OTO 15:18:35
$0.3300 10,000 OTO 15:15:39
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$0.3700 797 OTO 12:49:28
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http://www.forbes.com/profile/phillip-frost/
Nice little info on Dr. Frost. #190 Forbes 400
Dr. Phillip Frost made his fortune selling drug manufacturer Ivax to Israel's Teva Pharmaceuticals for $7.6 billion in 2005. A former dermatalogy professor, he got his start in pharma in the early 1970s when he took over Key Pharmaceuticals with partner Michael Jaharis to develop generic drugs and veterinary products. They sold out to Schering-Plough in 1986. Frost went on to found Ivax. Today he is chairman of Teva, which moved from Nasdaq to the NYSE earlier this year. He also has stakes in more than a half-dozen firms, including medical device company SafeStitch, and most recently athlete-focused Musclepharm. In May, Frost hosted a $50,000-a-plate dinner for Republican presidential candidate Mitt Romney in his Miami Beach Home. Frost is an active trader, and hold stakes in several public companies. In June, he bought a 45% stake in Israeli vaccine-maker Opko Health.
At a Glance
Age: 76
Source of Wealth: pharmaceuticals, self-made
Residence: Miami Beach, FL
Country of Citizenship: United States
Education: Medical Doctor, Yeshiva U Albert Einstein College of Medicine; Bachelor of Arts / Science, University of Pennsylvania
Marital Status: Married
watching carefully to see if pops past previous resistance.
Decent volume today
$1.6000 1,750 OTO 12:58:01
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$1.5200 300 OTO 09:57:5
Lattice Announces Financial Results for Fiscal 2012
Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a provider of advanced information and communications technology solutions to the corrections industry and key government agencies, announced its financial results for the fiscal year ended December 31, 2012.
Fiscal Year Financial Highlights:
Communications segment revenue increased 64.7% to $7.53 million, compared to $4.57 million in 2011.
Loss applicable to common stockholders decreased 91.7% to $595,880, compared to a loss of $7.15 million in 2011.
Additional information may be found in the Company's 10-K filing with the U.S. Securities and Exchange Commission.
Fiscal year revenue from the Company's rapidly growing communications segment increased 64.7% year-over-year to $7.53 million, compared to $4.57 million in fiscal year 2011. Segment revenue accounted for 69.9% of total Company revenues for the year, compared with 39.9% in the previous fiscal year. Included in the overall increase was an increase in direct service revenue of $1.80 million or 46% combined with a 175% increase in wholesaled technology revenues of $1.16 million.
Government services revenue for the fiscal year decreased to $3.24 million, compared with $6.88 million in fiscal year 2011. The decrease in revenue in this segment was primarily attributable to the termination of contracts in 2011 and 2012, mainly the SPAWAR contracts which ended in May 2011.
"The focus we've placed on our communications business continues to generate impressive growth," stated Paul Burgess, CEO of Lattice. "Our industry-leading proprietary technology, combined with a growing base of customers and partners, both domestically and internationally, has given us solid footing for continued performance improvement."
Mr. Burgess continued, "Moving forward, the strength of our communication services segment should reflect more strongly in both our top-line and bottom-line results. Together with previously announced cost-cutting efforts, we believe Lattice is well-positioned for a strong 2013."
Conference Call
Lattice will host a conference call today, Monday, April 1, with CEO Paul Burgess and CFO Joseph Noto at 2:00 p.m. Eastern time (11 a.m. Pacific time). To participate in the call, please dial (877) 941-1428, or (480) 629-9665 for international calls, approximately 10 minutes prior to the scheduled start time. Interested parties can also listen via a live Internet webcast, which can be found via the Company's website at http://www.latticeincorporated.com, or alternately at http://ViaVid.net.
A replay of the call will be available for two weeks from 5:00 p.m. ET on April 1, 2013, until 11:59 p.m. ET on April 15, 2013. The number for the replay is (877) 870-5176, or (858) 384-5517 for international calls; the passcode for the replay is 4610838. In addition, a recording of the call will be available via the Company's website at http://www.latticeincorporated.com for one year.
About Lattice Incorporated
Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company's Lattice Government Services division designs, deploys and manages advanced technological solutions at key government agencies and for mid- to large-sized enterprises. The company's Lattice Secure Communications division provides core proprietary platforms that develop customized software applications with military grade security for markets including correctional facilities that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.