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Out QUE CM at 5 1/4, can't complain! Still holding GX's WWZ AD, up another 50% today, da' money!
imo
How's the Chili? GX news is out, good way to start the New Year. Out PALM and LNUX, a wash combined.
In March65 calls for QQQ, QUE CM at 2 3/4
imo
Dec. 28, 2000--SyCoNet.com's
(OTCBB:SYCD) new co-CEO Mr. Ross Rojek issued a letter to shareholders
of SyCoNet.com today to share his vision of what he plans to bring to
the Company.
The letter follows.
To The SyCoNet.com Shareholders,
As I am sure you are all aware, SyCoNet.com has had a bleak third
and fourth quarter of 2000.
With the loss of almost all senior management, most of the support
staff, the ability to fund ongoing operations and the devalued stock
price, SyCoNet began having severe cash flow issues that hampered the
company's ability to deal with its debt. Bill Spears and Kathryn
Jacobson have done an admirable job holding the company together and
negotiating much of the debt away, or into long payment terms.
The Board of Directors has arranged to bring me into the company
as co-CEO. I have been a comic retailer for 12 years, running single
and multiple stores, consulted with Tower Books on distribution
issues, and have business turn around experience. My initial focus
will be to bring the company to a cash flow break-even point and then
begin planning for the future. I have outlined our immediate plans,
and will be developing them further as we take care of our immediate
cash needs. We intend to use options and warrants to negotiate
existing debt as needed.
Short-term programs to deal with current cash needs:
-- We have begun collecting on past due receivables. Some of the
money owed is over a year old, but we feel confident that we
will be able to collect a fair amount. What we cannot collect
ourselves, we will sell to a collection agency.
-- We intend to sell some of the existing excess computer
equipment. By the time the company again has need for so many
computer stations, the equipment will be obsolete and need to
be replaced anyway. We can expect to get the best price now,
as most of the computers and equipment are less than a year
old.
Medium term programs:
-- The SyCoNet computer staff has finished creating a program
that will allow SyCoNet to expand the product information
available for the animedepot.com web site for immediate sale
to consumers. We should be adding products 2-3 times a week as
we receive them.
-- We anticipate adding products for wholesale sales to SyCoNet's
retail store customers. We should have a pre-solicitation
catalog ready for e-mail distribution in January, and begin
regular solicitations to those customers every 3-4 weeks. In
the beginning, we will concentrate on the international
pre-pay customers and domestic COD customers to increase our
cash flow.
Long Term Plans:
-- We expect to explore revenue-generating options with the
Virtual ISP service. It is almost complete, and Bill Spears
has negotiated with Selenetix for them to complete the
programming and testing for the service. At that point, we
will explore the options available to us. We could roll out
the service ourselves, partner with another company, or sell
the assets to another firm.
-- We will expand the fulfillment services that we can offer for
other companies. We feel that there is still strong growth
potential working in niche fulfillment contracts. We will
expand the types of products carried and fulfilled, and may
expand those products also into wholesale distribution.
-- We will still explore the possibilities of becoming the US
licensor for Anime licenses. However, we will not develop this
until the company has become cash stable.
We request that during the next 60 days, the shareholders please
refrain from calling the SyCoNet offices and my own offices while we
concentrate on fixing our immediate problems. Please contact Paula
Kane with investor relations at 360-318-1819 or via email:
paula@integritycapital.net.
We will also be investigating civil and criminal allegations
existing prior to my assuming a management position with the company.
The allegations involve theft of the company's physical property and
intellectual property. Depending on the relative strengths of the
claims, we may file insurance claims, pursue legal action or leave it
alone. We will work closely with legal council on these issues. In
addition, we intend to review the conduct of previous management to
determine whether securities and regulatory laws and regulations have
been violated. We will only pursue those for which we feel there is an
adequate claim or potential monetary reward, as the company has
limited resources to pursue multiple legal actions.
On a personal level, I am excited about SyCoNet.com's great
potential. I enjoy working with Bill Spears and look forward to
expanding our professional relationship. There are many directions in
which SyCoNet can grow and expand, and I have begun to explore some of
those options. A number of potential partnerships, which I have been
developing for TheComicStore.com, can be expanded to include
SyCoNet.com.
I take my responsibility to increase shareholder value very
seriously. My first concern is to relieve the company of its immediate
financial concerns, then to bring the company to an active break-even
or profitable status. After that, we will explore our expansion and
growth options.
Thank you for your attention,
Ross Rojek
SyCoNet.com Co-CEO
About SyCoNet.com, Inc.
SyCoNet.com, Inc. is a specialty retailer of popular Japanese
animation or anime. Titles such as Pokemon and Dragon Ball Z enjoy a
mainstream following in the US and abroad, and additional titles are
catching on fast. The Pokemon invasion has converted the consumer
demographic from a cult type following into the mainstream.
SyCoNet.com, through its distribution websites, www.animedepot.com
and www.sycodistribution.com, sells a myriad of Anime DVD's, videos,
toys and trading cards at a discount from regular retail sources.
Nintendo projects total retail revenues for the Pokemon franchise to
reach $3 billion for the calendar year 2000 in the U.S. alone, double
the sales figure for Pokemon's first 12 months of sales.
SyCoNet.com intends to capitalize on this cultural revolution by
focusing its business on sales of Japanese anime products.
imo
Futures closed a little bit up in after hours, could test 2000 tomorrow though!
imo
Good call, a couple of buys of 200 shares at .93 were for some educational IRA's that I do. Hope it pays for some of their college down the line! I put all their money into Asia tech: SHPS, SCRO, XNET, BLPT, GX, PCNTF Who knows in 15 years what 200 shares in these stocks would be worth, if half of them hit on the potential coming out of China/Asia, it'd be a fortune.
imo
Frank, don't know if you can get ahold of the Jan 9th, 2001 of the Business2.com issue, but it's got a cover of :
"Organized Crime goes Online"
MOB.con
It's feature story on.... guess who, FWEB, and Kevin Leininger, also an article on the SEC's online activities against posters (ignoring or course the 'analysts' and market makers).
should be online here, the FWEB story is titled "the Shareholder from Hell":
http://business2.com/content/magazine/indepth/
imo
looking a little better now isn't it?
imo
Forex is the investment market of the future. It is already the largest market in the world, but it is presently dominated by interbank trading and commercial interests. It is, however, a market very suited to aggressive investors in general. We believe that Forex trading will be spread to a much wider public in the next few years, due to the obvious advantages.
The possibility of trading on low margins and receiving tight dealing spreads around the clock is any active trader's optimal scenario. The high level of gearing provides the opportunity for large intra-day gains, but of course also the risk of very substantial losses, so Forex trading is strictly for aggressive investors and only risk capital should be applied.
The Forex markets are open 24 hours a day, leaving no non-tradeable gaps from Monday morning till Friday night, and Forex is uniquely suited to technical trading due to the constant availability of deep liquidity.
http://www.cboe.com/tools/symbols/currency.htm
I would buy calls on the ECU presently, trading at $94 against the dollar, I'd bet this moves to around an average of about $1.05 a year out. I think you have to trade in $Million blocks though...
imo
Thnaks FG, looks like mkt should upturn on speculation of a rate dt coming late Jan. Added with the Roth IRA influx, and the stooping of tax loss selling, should be a good month.
imo
Overall, things are bullish, but as is often the case there are some "holes" in the bullish argument..
I would agree with that, what really needs to occur is a lot of the bears to cover and go long.
Guess we are still waiting on the VIX though. Looks to me that if it gets back under 30.0, that seems to correlate with when the naz was above 2700, recent support level before this latest dip.
imo
GX--I took a look at the technicals last night, a couple of things made a reversal look like it's happening, specifically, OBV higher this dip after its rise to 20 then the previous dip, also, the second price dip doesn't go quite as low (double bottom), and the accumulatation/distribution is moving up. All three good signs toward a trend reversal.
http://www.equis.com/java/
Take a look at the MA crossover. If this can break over 17.5, the 20 would go above the 50 day, at any rate, they are within a week or so of convergence, which would forcast a breakout in one direction or the other. IF you extend the timeline out a year, you'll see it's way oversold, given the previouls tightness of the MA indicators.
Also, at a years length, look at bollinger bands, often, the key st reversal is just after the price rises or goes below the bands-- pretty good when to sell and when to buy indicator here for this stock.
Right now we are in the midrange, about to see convergence of the MA lines, so dips are good for accumulation, as a st breakout is imminent.
imo
Picked up the LNUX call at Aug 5--NUUHA-- for $4.50 today. Should move nicely.
imo
Wicked trendline on SHPS for December. Looks like it has finally reached a level where it has support. Only HRZG ventures below .81 on the ask side, which doesn't surprise me because they were the ones originally shorting the stock heavily when this was first trying to break through a buck.
It had resistance at .60's that it walled against 3 times, then at $1 against Herzog naked shorting. So, typical bb style, we revisit those issues. Trend shuld turn, unless the whole things turns to ****, which seems unlikely. Hopefully we see the trend stopped, consolidate here just under $1 for the next couple of weeks, until the filings are in, then up above a buck, and see if it can move strong from there.
imo
Nice call on those VERT's, up again today, 20%. NAZ might be able and test getting back above 2700, which was its previous support level.
imo
I think if they could reach some sort of share agreement between SYCD and CMIX that would be less than 15M, we'd have ourselves a pretty good niche company:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=CMIX&read=182
imo
AGCX would move alongside GX i think;
http://biz.yahoo.com/p/a/agcx.html
imo
You still holding CMIX? Looks like things are starting to fall into place:
SyCoNet.com Announces New Executive Appointment For Joint Management
VIENNA, Va.--(BUSINESS WIRE)--Dec. 21, 2000--SyCoNet.com (OTC BB:SYCD) is pleased to announce the addition of Mr. Ross Rojek to its executive management team, effective as of the close of business on December 20, 2000. He will serve as co-CEO in concert with the current CEO, Mr. William Spears. Mr. Larry Hineline will retain his appointment as Chairman of the Board.
Mr. Rojek has been involved in comic book retailing for over twelve years and owns Comics & Comix, Inc., the fourth largest comic chain in the country. Comics & Comix, founded in 1972, was acquired by Mr. Rojek in 1997. He has served as a consultant to Tower Books and Records, expanding their product mix into comic books and games. Mr. Rojek currently serves as the CEO of TheComicStore.com (CMIX), a comic e-tailer, based in Sacramento, California.
Mr. Rojek brings solid retail expertise in Internet and brick-and-mortar operations. As co-CEO, Mr. Rojek will be responsible for the success of Syconet's Internet operations. He will also lead the Company's efforts in building the West Coast division including business development, market positioning, customer service, e-commerce growth and product line diversification.
As co-CEO, Mr. Spears will be responsible for corporate management and will oversee retailer relationships, develop and expand niche markets and continue to develop the discount market. This successful initiative was recently launched through the Super Clearance Store at Animedepot.com.
``I genuinely look forward to working with SyCoNet.com,'' said Mr. Rojek. `` The Company has a great deal of potential and provides me with a new challenge. As an entrepreneur, there is a great deal of satisfaction in creating success from a firm foundation. Once we believe that we have made solid headway, we will continue to seek out opportunities for additional growth and expansion.''
Mr. Spears, co-CEO, remarked, ``Ross has established an excellent reputation in the comic and games industry. His experience will enable us to enter new markets. Together, we anticipate that we will be able to synergistically pursue the Company's growth strategy by concentrating on areas specific to our respective expertise.''
As a result of the Company's appointment of Ross Rojek as co-CEO, both of the Company's registration statements for the benefit of selling shareholders need to be amended. Accordingly, until such amendments are made, selling shareholders may not effect any sales of SyCoNet's common stock under such prospectuses.
To learn more about SyCoNet.com or to be included on the shareholder communication email list, please contact Paula Kane with Integrity Capital at 360/318-1819 or via email: paula@integritycapital.net.
About SyCoNet.com, Inc.
SyCoNet.com, Inc. is a specialty retailer of popular Japanese animation or anime. Titles such as Pokemon, Gundam Wing, and Dragon Ball Z enjoy a mainstream following in the US and abroad, and additional titles are catching on fast. The Pokemon invasion has converted the consumer demographic from a cult type following into the mainstream. SyCoNet.com, through its distribution websites, www.animedepot.com and , sells a myriad of Anime DVD's, videos, toys and trading cards at a discount from regular retail sources. Nintendo projects total retail revenues for the Pokemon franchise to reach $3 billion for the calendar year 2000 in the U.S. alone, double the sales figure for Pokemon's first 12 months of sales. SyCoNet.com intends to capitalize on this cultural revolution by focusing its business on sales of Japanese anime products.
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SyCoNet.com, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions
--------------------------------------------------------------------------------
Contact:
SyCoNet.com
by
Integrity Capital
Paula Kane, 360/318-1819
paula@integritycapital.net.
imo
CMIX had possible pre-merger news with SYCD:
SyCoNet.com Announces New Executive Appointment For Joint Management
VIENNA, Va.--(BUSINESS WIRE)--Dec. 21, 2000--SyCoNet.com (OTC BB:SYCD) is pleased to announce the addition of Mr. Ross Rojek to its executive management team, effective as of the close of business on December 20, 2000. He will serve as co-CEO in concert with the current CEO, Mr. William Spears. Mr. Larry Hineline will retain his appointment as Chairman of the Board.
Mr. Rojek has been involved in comic book retailing for over twelve years and owns Comics & Comix, Inc., the fourth largest comic chain in the country. Comics & Comix, founded in 1972, was acquired by Mr. Rojek in 1997. He has served as a consultant to Tower Books and Records, expanding their product mix into comic books and games. Mr. Rojek currently serves as the CEO of TheComicStore.com (CMIX), a comic e-tailer, based in Sacramento, California.
Mr. Rojek brings solid retail expertise in Internet and brick-and-mortar operations. As co-CEO, Mr. Rojek will be responsible for the success of Syconet's Internet operations. He will also lead the Company's efforts in building the West Coast division including business development, market positioning, customer service, e-commerce growth and product line diversification.
As co-CEO, Mr. Spears will be responsible for corporate management and will oversee retailer relationships, develop and expand niche markets and continue to develop the discount market. This successful initiative was recently launched through the Super Clearance Store at Animedepot.com.
``I genuinely look forward to working with SyCoNet.com,'' said Mr. Rojek. `` The Company has a great deal of potential and provides me with a new challenge. As an entrepreneur, there is a great deal of satisfaction in creating success from a firm foundation. Once we believe that we have made solid headway, we will continue to seek out opportunities for additional growth and expansion.''
Mr. Spears, co-CEO, remarked, ``Ross has established an excellent reputation in the comic and games industry. His experience will enable us to enter new markets. Together, we anticipate that we will be able to synergistically pursue the Company's growth strategy by concentrating on areas specific to our respective expertise.''
As a result of the Company's appointment of Ross Rojek as co-CEO, both of the Company's registration statements for the benefit of selling shareholders need to be amended. Accordingly, until such amendments are made, selling shareholders may not effect any sales of SyCoNet's common stock under such prospectuses.
To learn more about SyCoNet.com or to be included on the shareholder communication email list, please contact Paula Kane with Integrity Capital at 360/318-1819 or via email: paula@integritycapital.net.
About SyCoNet.com, Inc.
SyCoNet.com, Inc. is a specialty retailer of popular Japanese animation or anime. Titles such as Pokemon, Gundam Wing, and Dragon Ball Z enjoy a mainstream following in the US and abroad, and additional titles are catching on fast. The Pokemon invasion has converted the consumer demographic from a cult type following into the mainstream. SyCoNet.com, through its distribution websites, www.animedepot.com and , sells a myriad of Anime DVD's, videos, toys and trading cards at a discount from regular retail sources. Nintendo projects total retail revenues for the Pokemon franchise to reach $3 billion for the calendar year 2000 in the U.S. alone, double the sales figure for Pokemon's first 12 months of sales. SyCoNet.com intends to capitalize on this cultural revolution by focusing its business on sales of Japanese anime products.
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SyCoNet.com, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions
--------------------------------------------------------------------------------
Contact:
SyCoNet.com
by
Integrity Capital
Paula Kane, 360/318-1819
paula@integritycapital.net.
imo
It's not a great feeling, but looking on the bright side, we know more now at .75 than we did at 1.50 that AccessTel will be a success. We can't fight the trend, and the mkt on a whole has tanked. We'll be one of the first ones to recover. Yea, I heard like the end of the first week, beginning of the second for the filing of the 8-K. I haven't tried to call Stu lately.
imo
SYCD and CMIX NEWS!!
SyCoNet.com Announces New Executive Appointment For Joint Management
VIENNA, Va.--(BUSINESS WIRE)--Dec. 21, 2000--SyCoNet.com (OTC BB:SYCD) is pleased to announce the addition of Mr. Ross Rojek to its executive management team, effective as of the close of business on December 20, 2000. He will serve as co-CEO in concert with the current CEO, Mr. William Spears. Mr. Larry Hineline will retain his appointment as Chairman of the Board.
Mr. Rojek has been involved in comic book retailing for over twelve years and owns Comics & Comix, Inc., the fourth largest comic chain in the country. Comics & Comix, founded in 1972, was acquired by Mr. Rojek in 1997. He has served as a consultant to Tower Books and Records, expanding their product mix into comic books and games. Mr. Rojek currently serves as the CEO of TheComicStore.com (CMIX), a comic e-tailer, based in Sacramento, California.
Mr. Rojek brings solid retail expertise in Internet and brick-and-mortar operations. As co-CEO, Mr. Rojek will be responsible for the success of Syconet's Internet operations. He will also lead the Company's efforts in building the West Coast division including business development, market positioning, customer service, e-commerce growth and product line diversification.
As co-CEO, Mr. Spears will be responsible for corporate management and will oversee retailer relationships, develop and expand niche markets and continue to develop the discount market. This successful initiative was recently launched through the Super Clearance Store at Animedepot.com.
``I genuinely look forward to working with SyCoNet.com,'' said Mr. Rojek. `` The Company has a great deal of potential and provides me with a new challenge. As an entrepreneur, there is a great deal of satisfaction in creating success from a firm foundation. Once we believe that we have made solid headway, we will continue to seek out opportunities for additional growth and expansion.''
Mr. Spears, co-CEO, remarked, ``Ross has established an excellent reputation in the comic and games industry. His experience will enable us to enter new markets. Together, we anticipate that we will be able to synergistically pursue the Company's growth strategy by concentrating on areas specific to our respective expertise.''
As a result of the Company's appointment of Ross Rojek as co-CEO, both of the Company's registration statements for the benefit of selling shareholders need to be amended. Accordingly, until such amendments are made, selling shareholders may not effect any sales of SyCoNet's common stock under such prospectuses.
To learn more about SyCoNet.com or to be included on the shareholder communication email list, please contact Paula Kane with Integrity Capital at 360/318-1819 or via email: paula@integritycapital.net.
About SyCoNet.com, Inc.
SyCoNet.com, Inc. is a specialty retailer of popular Japanese animation or anime. Titles such as Pokemon, Gundam Wing, and Dragon Ball Z enjoy a mainstream following in the US and abroad, and additional titles are catching on fast. The Pokemon invasion has converted the consumer demographic from a cult type following into the mainstream. SyCoNet.com, through its distribution websites, www.animedepot.com and , sells a myriad of Anime DVD's, videos, toys and trading cards at a discount from regular retail sources. Nintendo projects total retail revenues for the Pokemon franchise to reach $3 billion for the calendar year 2000 in the U.S. alone, double the sales figure for Pokemon's first 12 months of sales. SyCoNet.com intends to capitalize on this cultural revolution by focusing its business on sales of Japanese anime products.
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SyCoNet.com, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions
--------------------------------------------------------------------------------
Contact:
SyCoNet.com
by
Integrity Capital
Paula Kane, 360/318-1819
paula@integritycapital.net.
imo
China World Trade Corp. Completes Acquisition of Vast Opportunity Ltd.
LOS ANGELES--(BUSINESS WIRE)--Dec. 27, 2000--China World Trade Corp. (OTCBB:CHWT - news) announced that the company has completed the acquisition of the remaining 49% equity interest of Infotech Enterprises Ltd. from Vast Opportunity Ltd.
The acquisition was completed by the issuance of 2.5 million new shares of the common stock of the company.
Infotech Enterprises Ltd. (``IEL'') is a ``virtual'' office and research center, providing trade information for traders in China and other foreign countries and an electronic data interchange for all its members and users using its site as a portal to the Web. IEL aims to be the premier business-to-business e-commerce provider in China.
John H.W. Hui, chairman and chief executive officer of China World Trade Corp., stated: ``Infotech Enterprises Ltd. (IEL), becoming a wholly owned subsidiary of China World Trade Corp., brings a new concept into international business-to-business e-commerce.
``With a staff experienced in Quality Assurance and Fulfillment, combined with state-of-the-art Internet technology, Infotech Enterprises Ltd. (IEL) will provide business overseas with the comfort required to do business in China. Moreover, through its links to government bodies it can ensure that the legal requirements of trade are satisfied, making for on time delivery.''
Through its bilingual (Chinese/English) Web site, China-WTC.com, IEL will provide online information and services to individual and corporate consumers, advertisers, suppliers and vendors.
It will capture data and information (both trade and non-trade oriented), performing data mining from the best search engines, supported by metadata analysis, to provide business opportunities, communication platforms and a variety of other services that create a successful business-to-business e-commerce portal. With the addition of online two-way English/Chinese translation tools, users have a real bilingual choice.
China-WTC.com will be an easy-to-use business portal for members to, among other things, retrieve trade information, submit trade inquiries, negotiate contracts, translate documents into their preferred language, calculate tariff and VAT, monitor trade progress, do logistics planning, consult legal advice online and transmit trade documents electronically.
China-WTC.com will be licensing its other subsidiary, Beijing World Trade Center Club (BWTCC), to distribute the China-WTC.com services to Chinese users. With the expected boom of e-business in Asia in the next few years, it is planned to expand this franchising to other WTCA clubs in major cities like Washington, D.C.; Chicago; London; Tokyo; Singapore; Kuala Lumpur; and Seoul.
Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker.
--------------------------------------------------------------------------------
Contact:
Pace Communications Network
Sy Mitzner, 800/719-5777
www.China-WTC.com
imo
China World Trade Corp. Completes Acquisition of Vast Opportunity Ltd.
LOS ANGELES--(BUSINESS WIRE)--Dec. 27, 2000--China World Trade
Corp. (OTCBB:CHWT) announced that the company has completed the
acquisition of the remaining 49% equity interest of Infotech
Enterprises Ltd. from Vast Opportunity Ltd.
The acquisition was completed by the issuance of 2.5 million new
shares of the common stock of the company Infotech Enterprises Ltd. ("IEL") is a "virtual" office and research center, providing trade information for traders in China and other foreign countries and an electronic data interchange for all its
members and users using its site as a portal to the Web. IEL aims to be the premier business-to-business e-commerce provider in China.
John H.W. Hui, chairman and chief executive officer of China World Trade Corp., stated: "Infotech Enterprises Ltd. (IEL), becoming a wholly owned subsidiary of China World Trade Corp., brings a new concept into international business-to-business e-commerce. "With a staff experienced in Quality Assurance and Fulfillment, combined with state-of-the-art Internet technology, Infotech Enterprises Ltd. (IEL) will provide business overseas with the comfort required to do business in China. Moreover, through its links to government bodies it can ensure that the legal requirements of trade are satisfied, making for on time delivery."
Through its bilingual (Chinese/English) Web site, China-WTC.com,
IEL will provide online information and services to individual and corporate consumers, advertisers, suppliers and vendors. It will capture data and information (both trade and non-trade
oriented), performing data mining from the best search engines,
supported by metadata analysis, to provide business opportunities, communication platforms and a variety of other services that create a successful business-to-business e-commerce portal. With the addition of online two-way English/Chinese translation tools, users have a real
bilingual choice.
China-WTC.com will be an easy-to-use business portal for members
to, among other things, retrieve trade information, submit trade
inquiries, negotiate contracts, translate documents into their
preferred language, calculate tariff and VAT, monitor trade progress, do logistics planning, consult legal advice online and transmit trade documents electronically.
China-WTC.com will be licensing its other subsidiary, Beijing
World Trade Center Club (BWTCC), to distribute the China-WTC.com
services to Chinese users. With the expected boom of e-business in Asia in the next few years, it is planned to expand this franchising to other WTCA clubs in major cities like Washington, D.C.; Chicago; London; Tokyo; Singapore; Kuala Lumpur; and Seoul.
Statements made in this news release concerning predictions of
performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker
CONTACT: Pace Communications Network
Sy Mitzner, 800/719-5777
www.China-WTC.
Ideally, am looking at getting a 7.5 LNUX call once the price dips below it, this week, if possible. LNUX has a beautiful down gap to fill of $10! from their $30 to $20 drop in November. Having been at a high of $208, it's been under heavy tax selling, and I think will begin recovery in Jan.
Here's what I'm watching and choosing from:
FEB
.NUUBU-7.5
.NUUBB-10
.NUUBV-12.5
MAY
.NUUEU-7.5
.NUUEB-10
.NUUEV-12.5
AUG
.NUUHU-7.5
Will be waiting to see if it breaks $8.5 support tomorrow, if it does, we could be in the $6's soon. This stock can move fast, 8 trading days ago it hit $15, off the IBM news.
I'm long this stock, and have no intentions of selling the shares I have for a while, unless something changes for the worse. I am more comfortable now then before owning this stock, and will hold till we have a strong spike upwards into the teens. So what it does between now and then doesn't really matter to me. Even though the price has declined, the accumulation has increased, says the TA. yes, LinkAir could be using AccessTel for their deployment, but I'm just putting the pieces together. LinkAir is in Beijing though, and I think the initial deployment in the business park will use Qualcomm materials.
imo
I would interpret this latest price drop as a vote of no confidence for Stuart Bockler and Micheal Markow in delivering the news and the 8-k in a timely manner-- the guys say in a couple of days, which means in a couple of months. Once the JV and work is underway in China, they are going to have to start meeting expectations or take a back seat. At the very least they should stop giving false timeframes for simple matters as PR's and 8-k's.
imo
__ Gross Domestic Product* __
Q1
Q2
Q3
Q4
2000
4.8%
5.6%
2.2%
--
1999
3.7%
1.9%
5.7%
7.3%
1998
6.9%
2.2%
3.8%
5.9%
1997
4.5%
4.9%
3.8%
3.0%
1996
2.9%
6.8%
2.0%
4.6%
1995
1.5%
0.8%
3.1%
3.2%
1994
3.4%
5.7%
2.2%
5.0%
1993
-0.1%
2.5%
1.8%
6.2%
1992
3.8%
3.8%
3.1%
5.4%
1991
-2.0%
2.3%
1.0%
2.2%
1990
5.1%
0.9%
-0.7%
-3.2%
1989
5.0%
2.2%
1.9%
1.4%
1988
2.7%
4.8%
2.1%
5.3%
1987
3.0%
4.3%
3.4%
7.1%
1986
3.7%
1.7%
3.8%
2.1%
1985
3.4%
3.2%
6.1%
3.3%
*Change from preceeding period
Check this out, good news for the sector:
http://www.upside.com/Open_Season/3a392cbb12_yahoo.html
CALD, LNUX, RHAT.... all double bottoms, the second a little higher, looks good:
http://finance.yahoo.com/q?s=cald+lnux+rhat&d=1y
imo
Possible PLAYS out there, ATHM, on the road to the pennies.
Thursday spiked from $4 to nearly $6:
http://finance.yahoo.com/q?s=athm&d=5d
With a gain of nearly 50% though it may have put potential. Here's why the spike:
http://public.wsj.com/sn/y/SB977437142372194090.html
...At Home, for its part, says it would like to retain Cox and Comcast as investors. Some analysts worry that Cox and Comcast might have less interest in carrying the At Home service if they don't have an equity stake in the company.
Both Cox and Comcast have indicated they plan to honor their exclusive contracts with At Home. Once exclusivity ends, each has indicated it plans to carry other Internet-service providers in addition to At Home.
---------------------------------------------------------------
Motorola and Nokia, gotta think these wireless giants will return with a run, especially MOT, with a 20's P/E:
http://finance.yahoo.com/q?s=mot+nok&d=1y
...Motorola has warned on its first-quarter earnings, partly due to its handset segment, while Ericsson has said its handset unit will continue to report losses in the first half of 2001.
Compared with Nokia's market capitalization of around $220 billion, Motorola has a market capitalization $42 billion and Ericsson $94 billion.
http://dailynews.yahoo.com/h/nm/20001222/tc/mobiles_dc_1.html
Maybe wait for another downturn dip to get a call here.
Given their aggresive management, I think they are more likely to buy out other chinese companies. Some of their competitors have done well in the past:
http://finance.yahoo.com/q?s=slr+sci+cls+flex+jbl+arxx+scro.ob&d=1y
It's a matter of the mkt sifting out the set-box dependants from the more diversified. Given SCRO's mkt strategy, and their location, I thik they'll do good:
Roy Ho, president and CEO of Score One. ``With each respective quarter, we anticipate continued growth and success within our industry as we expand outside the PCB industry into equally profitable technology-based products.''
I've been playing it by flipping out of gains from buying on the dips for sometime now. At somepoint it ought to turn, and I'll go long for a good spike-bagger.
Here's another DD piece:
http://money.vmc3.com/
I was a little off in their previous earnings. It was .20 for '99. They got .10 in '00 for the first 5 months, then, after the RM, .07 in the first Q, ending Aug 31st. They project 60% growth for the year, so second Q ending Nov 30th (over $4M rev), and Dec, would mean that projections would be .32 for '00, or ~.11 for second Q(plus .04 in Dec-- reporting in 3rd Q), we'll see if they meet this on the 15th of Jan.
imo
See FG's latest post on his thread, looks tome not like a recession, but just an economy consolidation, with mixed indicators, the economy taking the internet-tech hits of medicine before it emerges, and the beaten gems come out to play:
http://www.investorshub.com/beta/read_msg.asp?message_id=29811
imo
shps chart:
http://www.bigcharts.com/quickchart/quickchart.asp?symb=sHPS&sid=0&o_symb=SHPS&x=25&y=12
few more days maybe consolidating, this is about to move.
imo
Thanks FG, nice post,
... In short, it ain't over yet, the consumer can
still come through.
Am not looking forward to hitting the mall for last minute shopping (I haven't even done the first minute yet!) tonight.
rob started an options thread, moving into that arena until we see the bull turn north again:
http://www.investorshub.com/beta/board.asp?board_id=292
SCRO write-up today:
SCRO, .17 earnings last year, .07 for the 1st Q, and 2nd Q numbers are due out by Jan 15th, latest PR said they were $4m above in revenue, could mean they match last years earnings in two Q's this year...
http://www.globalsources.com/athl.co
http://biz.yahoo.com/n/s/scro.ob.html
http://www.gmcr.net/scro.htm
Merry Xmas.
imo
Great start here, excellent resources.
For contrarians, which the options market is heavily populated with, low readings on the VIX are bearish, while high readings are bullish.
Makes total sense then, when the VIX pops off the top, go for the bull. We could be as late as feb in having this move, if the interest rates are not lowered in jan, which is a possibility. That would give time enough for the consolidation to occur from now till then, in the low naz 2000's range.
imo
SCRO is a good OTCBB fundamental penny buy. Got a dip to .53 on the ask last week. Last years earnings were .17, first Q this year had .07, and second Q numbers due out on Jan 15th. Their last PR said they were $4m in rev up for the 2nd Q, ended nov. 30th, so I say maybe .10?!?, and this is for a China tech firm, with applications already accepted from AMEX, waiting on it getting back above $3 to make the move.
http://www.globalsources.com/athl.co
http://biz.yahoo.com/n/s/scro.ob.html
http://www.gmcr.net/scro.htm
And check their chart out, bottoming out:
http://www.bigcharts.com/quickchart/quickchart.asp?symb=scro&sid=0&o_symb=scro&x=25&y=12
CHOD is also trading at a discount, around .25, year-end numbers due out next week, should be around .05 earnings for the year, maybe a little better. I have a DD page up here on ihub chod thread, great potential.
PYSU is another one I follow:
Reply to Post #181 on PYSU by birdy_56
Previous Message Follows:
I mean who really cares if PYSU is reporting sales up 37% and pre-tax profits up 64%? Quarter after quarter we have the same boring story....sales up, profits up. I am getting too old for this business! Does anybody have any more boring companies like this one....I am interested, in the .75 cent range of course.
Polymer Solutions Reports Second Quarter Results Sales Up 37%, Pre-Tax Profits Up 64%
CHICO, Calif., Nov. 1 /PRNewswire/ -- Polymer Solutions, Inc., (OTC Bulletin Board: PYSU - news; CDNX: PYM - news), a producer of environmentally friendly water-based paints, coatings and adhesives, today announced record sales and pre-tax profits for its second quarter and six months ended September 30, 2000.
Second quarter revenues for fiscal year 2001 were a record $3,989,000, a 37% increase over $2,907,000 for the corresponding period a year ago. Pre-tax profits rose by 64% to $254,000 versus $155,000 last year. Net income was $135,000, or $0.01 per share. EBITDA was $403,000, a 48% improvement over $273,000 for the prior year's quarter.
For the six months, revenues grew by 39% to a record $7,904,000 versus $5,703,000 a year ago. Pre-tax profits rose by 79% to $529,000 compared to $296,000 for the same period the year before. Net income was $292,000, or $0.03 per share. EBITDA increased by 57% to $840,000 versus $536,000 last year's six months.
There were 9,259,356 weighted average shares outstanding in the second quarter of fiscal 2001, compared with 8,160,857 for the prior year period.
``With worldwide coatings sales at $50 billion, $17 billion domestically, the Company has a established itself as a key player in the market for environmentally-friendly, water-based and low VOC products,' stated E. Laughlin Flanagan, President and CEO of Polymer Solutions, Inc. ``PSI has built a reputation for superior products that deliver quality solutions. Sales continue to reflect this reputation and management expects revenue and profit growth to persist as the Company further adds to its customer base and strengthens relationships with existing customers.'
Polymer Solutions, Inc. (PSI) addresses a $17 billion market by producing environmentally friendly water-based and low VOC (volatile organic compounds) solvent-based paints, wood coatings, stains, sealers, primers and top coats for wood furniture manufacturers and wood products companies. The Company, with polymer science at its core, has developed proprietary, low VOC products compatible with the indoor and outdoor environment for industrial and retail markets. PSI also produces and markets water-based and low solvent-based industrial adhesives and a line of glass, metal and concrete coatings.
CONSOLIDATED STATEMENT OF OPERATIONS
(US dollars) Unaudited
Three months ended Six moths ended
Sept. 30, Sept. 30,
2000 1999 2000 1999
Sales revenue $3,989,313 $2,906,894 $7,904,125 $5,702,517
Cost of goods
sold 2,792,626 1,993,537 5,459,559 3,915,990
1,196,687 913,357 2,444,566 1,786,527
Corporate and
administrative expenses:
Marketing and sales 309,243 266,498 648,992 569,615
General and
administrative 436,713 285,499 845,615 516,556
Research and
development 138,002 149,574 287,299 286,449
883,958 701,571 1,781,906 1,372,620
Income from
operations 312,729 211,786 662,660 413,907
Other income 5,361 945 9,102 945
Interest (expense) (64,590) (57,900) (142,882) (119,351)
Income before income
tax expense 253,500 154,831 528,880 295,501
Income tax expense 118,802 -- 236,802 --
Net income $134,698 $154,831 $292,078 $295,501
Basic and diluted
earnings per share $0.01 $0.02 $0.03 $0.04
Weighted average basic and
diluted number of shares
outstanding 9,259,356 8,160,857 8,983,621 7,206,484
EBITDA $402,773 $272,505 $839,893 $535,613
Statements in this news release that are not strictly historical may be ``forward-looking' statements, which involve risks and uncertainties. Risk factors include general economic and industry conditions, effects of leverage, environmental matters, technological developments, product pricing, raw material cost changes, and international operations, among others, which are set forth in the Company's SEC filings.
No Stock Exchange on which the Company's securities are listed has reviewed or approved this news release.
SOURCE: Polymer Solutions, Inc.
imo
Here's another option thread for resource:
http://www.investorshub.com/beta/board.asp?board_id=292
imo
Did you get an answer to any of those questions?
imo
hey Jeff, thanks for starting this thread. I just started trading options this week, have been tracking a friends (K4S) getting into them for the past couple of months, and I like it a lot. Seems very similar to position trading in the otcbb, best tactic is to take profit when it comes. But I guess that will eventually turn into a hold and let run, if the bull ever returns, until then, we just keep playing the rebounds off of lower floors.
Anyway, the two I have are GX--2002 Jan $20, and PALM-- Aug $35.
PALM's were on a really great sale on thursday, already up 37%, GX's, anything near $3 is a great buy.
Anyway, here's to good returns.
imo
FM, how would you leverage us, lol?
imo
SHPS news hopefully out tomorrow, mkt is kinda dying now, SHPS needs to just maintain until the new year, something will spark the mkt by sometime JAN.
imo