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LOL! STRU NEWS!
*** NEWS ***
\ (BSNS WIRE) Struthers, Inc. Announces Initial Drawdown of Funding Provided
Struthers, Inc. Announces Initial Drawdown of Funding Provided By Alpha Venture
Capital Inc.
Business Editors/Health and Medical Writers
BIOWIRE2K
WAUKON, Iowa--(BW HealthWire)--July 18, 2001--
Barry Kaplan Associates Retained To Handle
Investor/Public Relations
Struthers, Inc. (NASDAQ OTC Bulletin Board: STRU) announced today
its initial drawdown of $250,000 from its $10 million standby equity
financing agreement with Alpha Venture Capital Inc.
This capital source was reported in a previous press release on
April 16, 2001 and the drawdown was accomplished through a Put
Purchase Notice with Alpha on July 13, 2001.
Mariano Raigo, President stated, "These new funds will be used in
our expanding swine industry operations aimed at the sale and
marketing of products and services designed to increase reproductive
efficiency, animal production and quality through our unique
technology. This funding was important to accelerate our success.
"I am also happy to report that the Company has retained the
investor/public relations firm of Barry Kaplan Associates to help
expand the knowledge of Struthers, Inc.'s exciting potential to its
large audience of professionals in the investment arena. Barry Kaplan
Associates has helped many companies over its 23 year history to
establish contacts on a nationwide basis with brokers, analysts,
investment advisors and institutions."
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to
place undue reliance on statements, each of which speak only as of the
date made. All such forward-looking statements are only estimates of
future results and actual results may differ materially from those
anticipated or projected. The Company undertakes no obligation to
update or revise any such forward-looking statements.
--30--PS/ch*
CONTACT: Barry Kaplan Associates
Barry S. Kaplan, 732/747-0702; smallkap@aol.com
Arch, you said the other day you like the way the stru chart was setting up. Well, its on a mini-run today. lol. mm's let it break .05. Worth watching.eom.
2desire
Stru making a mini-run. lol. Mm's let it get over .05 now. Keep an eye on it Ron.
2desire
Josh, I wouldn't doubt it. Kind of hard to maneuver equiptment, supplies, transportation etc... in flood conditions. Transportation as in making it to the work sites, etc... Don't you agree? Looks like its starting the day off green though. Let's hope it keeps up.
2desire
TSRG NEWS!
Friday July 13, 6:00 am Eastern Time
Press Release
SOURCE: Trans Energy, Inc.
Trans Energy, Inc. Focuses on Natural Gas
ST. MARYS, W.Va., July 13 /PRNewswire/ -- Trans Energy, Inc. (OTC Bulletin Board: TSRG - news) announced this date that drilling of its 7-well drill-down program in Tyler County, West Virginia has been completed and 6 of the wells are in production. This program consisted of re-entering existing wells and drilling them deeper through the Benson Sand.
This press release contains certain ``forward looking statements'' which represent Trans Energy's expectations or beliefs, including, but not limited to, statements concerning Trans Energy's operations, performance, financial condition, plans, growth and strategies. Any statements contained in this press release which are not statements of historical fact may be deemed to be forward looking statements. Without limiting the generality of the foregoing, words such as ``may,'' ``will,'' ``expect,'' ``anticipate,'' ``intend,'' ``could,'' ``estimate,'' or ``continue'' or the negative or other variations or comparable terminology are intended to identify forward looking statements. Forward looking statements by their nature involve substantial risks and uncertainties, certain of which are beyond Trans Energy's control, and actual results may differ materially depending on a variety of important factors, many of which are beyond Trans Energy's control.
SOURCE: Trans Energy, Inc.
TSRG NEWS!
Friday July 13, 6:00 am Eastern Time
Press Release
SOURCE: Trans Energy, Inc.
Trans Energy, Inc. Focuses on Natural Gas
ST. MARYS, W.Va., July 13 /PRNewswire/ -- Trans Energy, Inc. (OTC Bulletin Board: TSRG - news) announced this date that drilling of its 7-well drill-down program in Tyler County, West Virginia has been completed and 6 of the wells are in production. This program consisted of re-entering existing wells and drilling them deeper through the Benson Sand.
This press release contains certain ``forward looking statements'' which represent Trans Energy's expectations or beliefs, including, but not limited to, statements concerning Trans Energy's operations, performance, financial condition, plans, growth and strategies. Any statements contained in this press release which are not statements of historical fact may be deemed to be forward looking statements. Without limiting the generality of the foregoing, words such as ``may,'' ``will,'' ``expect,'' ``anticipate,'' ``intend,'' ``could,'' ``estimate,'' or ``continue'' or the negative or other variations or comparable terminology are intended to identify forward looking statements. Forward looking statements by their nature involve substantial risks and uncertainties, certain of which are beyond Trans Energy's control, and actual results may differ materially depending on a variety of important factors, many of which are beyond Trans Energy's control.
SOURCE: Trans Energy, Inc.
TSRG NEWS!
Friday July 13, 6:00 am Eastern Time
Press Release
SOURCE: Trans Energy, Inc.
Trans Energy, Inc. Focuses on Natural Gas
ST. MARYS, W.Va., July 13 /PRNewswire/ -- Trans Energy, Inc. (OTC Bulletin Board: TSRG - news) announced this date that drilling of its 7-well drill-down program in Tyler County, West Virginia has been completed and 6 of the wells are in production. This program consisted of re-entering existing wells and drilling them deeper through the Benson Sand.
This press release contains certain ``forward looking statements'' which represent Trans Energy's expectations or beliefs, including, but not limited to, statements concerning Trans Energy's operations, performance, financial condition, plans, growth and strategies. Any statements contained in this press release which are not statements of historical fact may be deemed to be forward looking statements. Without limiting the generality of the foregoing, words such as ``may,'' ``will,'' ``expect,'' ``anticipate,'' ``intend,'' ``could,'' ``estimate,'' or ``continue'' or the negative or other variations or comparable terminology are intended to identify forward looking statements. Forward looking statements by their nature involve substantial risks and uncertainties, certain of which are beyond Trans Energy's control, and actual results may differ materially depending on a variety of important factors, many of which are beyond Trans Energy's control.
SOURCE: Trans Energy, Inc.
Arch, you have mail. eom.
2desire
Josh, when a company files for an extension, i.e. tsrg, is that filing due 15 days after the extension is filed or 15 days after the original due date. TIA.
2desire
Article on investing in biotechs...
http://moneycentral.msn.com/articles/invest/speculator/7048.asp?special=msn
2desire
Well, lol, just discovered that WSRE was the old spencer restaurant company. Looks like they are lining up their dominoes to play in the oil and gas sector. I'll keep an eye on it w/ my streamer today and see what it does.
2desire
Here's a new one we should watch guys... WSRE
http://www.bigcharts.com/news/articles.asp?newsid=782344891&orig=symbol&time=&symb=IOAG&...
b/r 2desire
Alright EZ I copied the whole e-mail. lol. Hope you don't mind reading.
From: The Telecomm Analyst <1.11469269.-3@multexinvestornetwork.com> Save Address - Block Sender
To:
Subject: The Telecomm Analyst: Strong Buy on Worldcom, Redback downgraded
Date: 10 Jul 2001 03:18:56 -0400
Reply Reply All Forward Delete Previous Next Close
TODAY: Where is Gemstar taking television,
what are Excite@Home's prospects, Strong Buy
on Sprint PCS and more. Read on.
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Featured article this week:
Strong Buys:
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On July 6, UBS Warburg reiterated its Strong Buy
on the shares of WorldCom. The day before, the
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its investment in its Brazilian investment,
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E-mail your feedback to The Telecomm Analyst at:
mailto:tta@multex.com
Scroll down and click links below to
go right to a specific article:
Strong Buys:
WorldComs Visibility Improves
Click here.
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Click here.
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Upgrades & Downgrades:
Semiconductor Stocks worthy Of Attention
Deeply Affects Redback
Click here.
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Executives Zero In:
Chairman, President and Chief Executive
Officer Of Gemstar-TV Guide International
Discusses Multimedia Opportunities.
Click here.
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Telecom Insight:
What Will Be In Your Next Next-Generation Phone?
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Excite@Homes Long Term Prospects.
Click here.
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The Dismal Science:
Nothing Really Surprising
Click here.
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Top Picks:
D.C. Buzz: FCC Is Urged to Reconsider
Its Handling of Indecency Complaints
Click here.
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Rants, Raves and Stress:
Problem Solving 101
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RESEARCH REPORT SPOTLIGHT:
WR Hambrecht & Co. look at the viability of 3G services.
Will they create new growth in the telecom sector
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EZ, Give me a sec and I'll try it again. lol.
2desire
Goodmorning Arch and all. I know, IFTA has some unbelieveable numbers. I only go by what is in the filing w/ the SEC. Sometimes the numbers in pr's aren't what they seem. Boy, am I untrusting or what? See what this market has done to me? Ha! Here's a little link I received in my e-mail this morning. Interesting in that the new bull market is now being predicted. Sent off for the free letter, cause curiosity killed the cat. Thought maybe the cat has more that 1 life. I heard he had 9 lives. lol. Talk to you soon.
b/r 2desire
http://216.33.240.250/cgi-bin/linkrd?_lang=EN&lah=033dbf6f08639b08d3d426362a3b938c&lat=99476...
Shao, IFTA news helped I'm sure.....
http://www.bigcharts.com/news/articles.asp?newsid=782849684&orig=symbol&time=&symb=IFTA&...
b/r 2desire
Tampabay area of Florida. Ever hear of Tarpon Springs? Glad its a beautiful day where you are. eom.
2desire
Good Morning EZ! It's a rainey Friday morning here. Much like my portfolio today. Raining tears. lol. Maybe it will dry up before the day is through.
2desire
Thankyou bluecheap for the dd and welcome to the board.
b/r 2desire
No kidding Arch. Did you see what IFTA did today? Went up to 1.49 and closed at 1.40. Friday's close was 1.04. Too bad we don't have a crystal ball. lol.
2desire
Stockprowler's pick this week...
Infotopia, Inc. (OTCBB: IFTA)
Corporate Web Site: http://www.infotopia.tv/home.html
Shares Outstanding: 4.1 million
Market Capitalization: $4.3 million
Closing Price Friday 6/29/01: $1.04
We began researching this story a few weeks ago… it was intended to be a very positive piece
about Infotopia, Inc., a rapidly growing and innovative direct marketer of an expanding line of
high-quality, health, fitness and consumer life style products. We still believe that the company has
tremendous upside potential, but… the company’s recent surprise 1 for 200 reverse-split, an
ambiguous proposed merger press release, and, what we feel, are troubling findings in company
SEC filings, have raised some red flags.
First the good news… Stockprowler.com can think of no other OTC Bulletin Board company in
recent memory generating the revenues and net profits that this company has been able to do in just
a little more than a year of operation… absolutely incredible. Quoting from a Business Wire dated
June 20, 2001, “Infotopia Announces Year-To-Date Revenue For 2001 Fiscal Year
Exceeds 50 Million Dollars; Fiscal 2001 Net Profit Exceeding 4 Million Dollars”. And
this, for a stock that is presently trading, after doing a reverse split, at $1.04 a share. Currently,
that works out to a P/E of less than 1… compare that with an established direct marketer, Direct
Focus, Inc. trading at $47/ share and a P/E of 23…Direct Focus began marketing its high-tech air
mattress, Instant Comfort, in 1998. The company later added a line of fitness equipment that is
marketed to home users through TV ads, the Internet, and direct mail. On June 6, 2001, Business
Week named DFXI No. 2 on Business Week's listing of “Hot Growth Companies.”
http://biz.yahoo.com/bw/010606/0116.html
Infotopia’s impressive revenues are due mainly to the extraordinary success of the Body By Jake
Bun and Thigh Rocker, Total Tiger, and the Six Week Body Makeover. Additional revenue from
sales of the Ultimate Slimming Formula, Total Trim, Fat Fighting System, the Medicus Dual 2000,
and the Backstroke are all part of an ever-growing revenue stream. Recently, Infotopia had three
of its infomercials ranked in the Top Ten in the country as reported by Infomercial Monitoring
Service Inc.'s National Cable Rankings. Typically, one out every thirty infomercials make it to the
top one hundred. Getting three shows in the top ten, at the same time, is a truly exceptional
achievement. IMS rankings in the top 10 are generally considered to be a benchmark for mass
consumer response to any particular show.
Recently, Infotopia announced that it had entered into an agreement with the Wearever Division of
Newell Rubbermaid (NYSE:NWL), the 104 year old multinational manufacturer and marketer of
complete lines of branded cookware and bakeware. Wearever is the largest manufacturer of
cookware in the U.S. Newell brands are among the most widely distributed and recognized in the
world. The marketing agreement will provide Wearever with Infotopia's expertise in direct
marketing, which will encompass infomercials, live shopping, print and Internet in the US with
opportunities for future distribution in select global markets.
On June 15, 2001, Infotopia, Inc. and EntrePort Corporation (AMEX:ENP) announced “that they
have reached and executed a definitive agreement to pursue a corporate reorganization in which
Infotopia, Inc., a Nevada Corporation (“Infotopia Nevada”) will sell its wholly owned subsidiary
Infotopia, Inc., an Ohio Company (“Infotopia Ohio”) (the operating entity which contains all the
revenue and expenses of the Company) to EntrePort. Subsequently EntrePort will spin-off its
existing business to its shareholders. According to the agreement, EntrePort will effect a
1-for-18.55 reverse split of its common stock. EntrePort will then transfer all of its assets and
liabilities to a wholly owned subsidiary and will distribute shares of stock of the subsidiary to
existing EntrePort shareholders. EntrePort will then acquire all of the assets and assume all of the
liabilities of Infotopia by an exchange in which EntrePort will issue to Infotopia Nevada
13,100,000 units, each unit consisting of one share of EntrePort common stock, a warrant to
purchase ½ of a share of EntrePort common stock at $5.00 per full share and a warrant to
purchase ¼ of a share of EntrePort common stock at $10.00 per full share. EntrePort’s spun-off
subsidiary will receive $500,000 in the transaction. The total issued and outstanding shares of
common stock of EntrePort after the closing will be approximately 15,480,000 shares. Infotopia
Nevada (IFTP) will hold approximately 85.1% ownership in the new share structure in EntrePort
(ENP) after the transaction is completed.”
Now the not so good news… The merger with EntrePort and the to move to American Stock
Exchange should enable Infotopia to achieve a proper valuation and attract financial institutions that
specialize in mid-cap markets and do public offerings. Having said that… re-read the above quote
from the press release detailing the merger. What is troubling to us is the ambiguity created by the
statement, “Infotopia Nevada (IFTP) will hold approximately 85.1% ownership in the new share
structure in EntrePort (ENP) after the transaction has been completed.” An argument can be made
that because Infotopia Nevada is distinct from Infotopia Ohio, conceivably Infotopia Ohio will go
to Entreport (Amex) and Infotopia Nevada will stay on the OTC:BB with the present IFTA long
shareholders holding nothing of the new Amex company. It is troubling because the wording of the
newswire states Infotopia Nevada “will hold” 85.1% ownership in the new ENP… it doesn’t
specifically say that present IFTA (former IFTP) shareholders will receive the share distribution.
And, it is especially troubling in view of the company history… Infotopia was spun off as a public
company in April 2000 in a reverse merger with a company called Dr. Abravenal’s Formulas, Inc.
Prior to that time, Infotopia had been a wholly owned subsidiary of National Boston Medical, Inc.,
which traded on the OTC Bulletin Board. A May 4, 2000 press release said that National Boston
Medical had received 7,949,999 shares of Dr. Abravenal’s Formulas in exchange for 100% of
Infotopia. The press release also said that Dr. Abravenal’s Formulas would change its name to
Infotopia. At the time of the merger, National Boston Medical said that it planned to distribute the
Infotopia shares to its stockholders. On June 9th, however, National Boston Medical announced
that it was delaying the proposed distribution. On August 4th, a press release announced that
Infotopia had offered to repurchase the shares of Infotopia stock from National Boston Medical
that were exchanged in the reverse merger. However, that transaction apparently never occurred
and, instead, National Boston Medical filed for bankruptcy. Instead, National Boston Medical
declared bankruptcy. Did National Boston Medical ever distribute the Infotopia shares?
Apparently not. And who were the players involved? As part of the bankruptcy proceeding, a June
7, 2000 press release from National Boston Medical indicated that Daniel Hoyng, Ernest Zavoral
and Clinton Smith had recently resigned as National Boston Medical directors, and that Marek
Lozowicki had stepped down as an officer of National Boston Medical. All four individuals are
now associated with Infotopia, Inc…
Stockprowler.com faxed and e-mailed our concerns to Infotopia, Inc. this past week. And,
despite numerous phone calls to the home office and to Robert Tilton, V.P. for Investor Relations,
we have, to date, received no answers to our questions. This is very disturbing considering that, in
addition to the aforementioned, the company surprised shareholders with an announcement of a 1
for 200 reverse-split done-deal last week. Interestingly, CEO Dan Hoyng, did not suffer the same
fate as ordinary shareholders… check out the recently amended 10KSB/A Amended Annual
Report dated 6/12/2001. We quote, “The Company has a three-year employment agreement with
Daniel Hoyng, its Chief Executive Officer. The term runs through April 26, 2003 and unless
notified by the Board of Directors or the Executive Committee of the Company, the agreement will
automatically be renewed for one year, each year thereafter. In addition to a base salary, bonuses
and other incentives, Mr. Hoyng will be granted 1,000,000 shares of common stock annually on
the anniversary date of the agreement. These shares carry an anti-dilution provision and are
not subject to any reverse split.”
A firestorm of angry shareholders have flooded the RagingBull Infotopia message board this past
week… the bashing is no longer confined to an itinerant band of shorters and bashers that inhabit
and are the bane of the message boards. Was the sudden unexpected 1 for 200 reverse-split a
naïve misstep on the part of management made in the hope of quickly seizing the holy grail… a
listing on a major exchange? Or was it a deliberate example of flagrant opportunism, another
example of callous disregard or indifference toward shareholders. People want their CEO to step
up and give them straight and honest answers. A lot of people believe in the future of this
company… don’t shatter their dreams.
Direct Marketing is the fastest growing area in the advertising industry. Consumers are buying more
from television than ever before. In 1992, direct response marketing sales totaled $750 million for
the year. By 1995, the number exceeded $6.5 billion, and projections for 2001 are $25 billion.
And it certainly appears to us that companies like Direct Focus, Inc. and Infotopia, Inc. are poised
to reap the harvest. A stock is worth only what people are willing to pay for it… the price is a
reflection of the confidence that investors have in the company and its management. It is the opinion
of Stockprowler.com that Infotopia, Inc. (OTC:BB: IFTA) has the potential to be positively huge,
conceivably $20 /share in the next 12 – 18 months… but only if management can regain and build
shareholder confiden
Good Trading… Stockprowler
b/r 2desire
Stockprowler's pick this week...
Infotopia, Inc. (OTCBB: IFTA)
Corporate Web Site: http://www.infotopia.tv/home.html
Shares Outstanding: 4.1 million
Market Capitalization: $4.3 million
Closing Price Friday 6/29/01: $1.04
We began researching this story a few weeks ago… it was intended to be a very positive piece
about Infotopia, Inc., a rapidly growing and innovative direct marketer of an expanding line of
high-quality, health, fitness and consumer life style products. We still believe that the company has
tremendous upside potential, but… the company’s recent surprise 1 for 200 reverse-split, an
ambiguous proposed merger press release, and, what we feel, are troubling findings in company
SEC filings, have raised some red flags.
First the good news… Stockprowler.com can think of no other OTC Bulletin Board company in
recent memory generating the revenues and net profits that this company has been able to do in just
a little more than a year of operation… absolutely incredible. Quoting from a Business Wire dated
June 20, 2001, “Infotopia Announces Year-To-Date Revenue For 2001 Fiscal Year
Exceeds 50 Million Dollars; Fiscal 2001 Net Profit Exceeding 4 Million Dollars”. And
this, for a stock that is presently trading, after doing a reverse split, at $1.04 a share. Currently,
that works out to a P/E of less than 1… compare that with an established direct marketer, Direct
Focus, Inc. trading at $47/ share and a P/E of 23…Direct Focus began marketing its high-tech air
mattress, Instant Comfort, in 1998. The company later added a line of fitness equipment that is
marketed to home users through TV ads, the Internet, and direct mail. On June 6, 2001, Business
Week named DFXI No. 2 on Business Week's listing of “Hot Growth Companies.”
http://biz.yahoo.com/bw/010606/0116.html
Infotopia’s impressive revenues are due mainly to the extraordinary success of the Body By Jake
Bun and Thigh Rocker, Total Tiger, and the Six Week Body Makeover. Additional revenue from
sales of the Ultimate Slimming Formula, Total Trim, Fat Fighting System, the Medicus Dual 2000,
and the Backstroke are all part of an ever-growing revenue stream. Recently, Infotopia had three
of its infomercials ranked in the Top Ten in the country as reported by Infomercial Monitoring
Service Inc.'s National Cable Rankings. Typically, one out every thirty infomercials make it to the
top one hundred. Getting three shows in the top ten, at the same time, is a truly exceptional
achievement. IMS rankings in the top 10 are generally considered to be a benchmark for mass
consumer response to any particular show.
Recently, Infotopia announced that it had entered into an agreement with the Wearever Division of
Newell Rubbermaid (NYSE:NWL), the 104 year old multinational manufacturer and marketer of
complete lines of branded cookware and bakeware. Wearever is the largest manufacturer of
cookware in the U.S. Newell brands are among the most widely distributed and recognized in the
world. The marketing agreement will provide Wearever with Infotopia's expertise in direct
marketing, which will encompass infomercials, live shopping, print and Internet in the US with
opportunities for future distribution in select global markets.
On June 15, 2001, Infotopia, Inc. and EntrePort Corporation (AMEX:ENP) announced “that they
have reached and executed a definitive agreement to pursue a corporate reorganization in which
Infotopia, Inc., a Nevada Corporation (“Infotopia Nevada”) will sell its wholly owned subsidiary
Infotopia, Inc., an Ohio Company (“Infotopia Ohio”) (the operating entity which contains all the
revenue and expenses of the Company) to EntrePort. Subsequently EntrePort will spin-off its
existing business to its shareholders. According to the agreement, EntrePort will effect a
1-for-18.55 reverse split of its common stock. EntrePort will then transfer all of its assets and
liabilities to a wholly owned subsidiary and will distribute shares of stock of the subsidiary to
existing EntrePort shareholders. EntrePort will then acquire all of the assets and assume all of the
liabilities of Infotopia by an exchange in which EntrePort will issue to Infotopia Nevada
13,100,000 units, each unit consisting of one share of EntrePort common stock, a warrant to
purchase ½ of a share of EntrePort common stock at $5.00 per full share and a warrant to
purchase ¼ of a share of EntrePort common stock at $10.00 per full share. EntrePort’s spun-off
subsidiary will receive $500,000 in the transaction. The total issued and outstanding shares of
common stock of EntrePort after the closing will be approximately 15,480,000 shares. Infotopia
Nevada (IFTP) will hold approximately 85.1% ownership in the new share structure in EntrePort
(ENP) after the transaction is completed.”
Now the not so good news… The merger with EntrePort and the to move to American Stock
Exchange should enable Infotopia to achieve a proper valuation and attract financial institutions that
specialize in mid-cap markets and do public offerings. Having said that… re-read the above quote
from the press release detailing the merger. What is troubling to us is the ambiguity created by the
statement, “Infotopia Nevada (IFTP) will hold approximately 85.1% ownership in the new share
structure in EntrePort (ENP) after the transaction has been completed.” An argument can be made
that because Infotopia Nevada is distinct from Infotopia Ohio, conceivably Infotopia Ohio will go
to Entreport (Amex) and Infotopia Nevada will stay on the OTC:BB with the present IFTA long
shareholders holding nothing of the new Amex company. It is troubling because the wording of the
newswire states Infotopia Nevada “will hold” 85.1% ownership in the new ENP… it doesn’t
specifically say that present IFTA (former IFTP) shareholders will receive the share distribution.
And, it is especially troubling in view of the company history… Infotopia was spun off as a public
company in April 2000 in a reverse merger with a company called Dr. Abravenal’s Formulas, Inc.
Prior to that time, Infotopia had been a wholly owned subsidiary of National Boston Medical, Inc.,
which traded on the OTC Bulletin Board. A May 4, 2000 press release said that National Boston
Medical had received 7,949,999 shares of Dr. Abravenal’s Formulas in exchange for 100% of
Infotopia. The press release also said that Dr. Abravenal’s Formulas would change its name to
Infotopia. At the time of the merger, National Boston Medical said that it planned to distribute the
Infotopia shares to its stockholders. On June 9th, however, National Boston Medical announced
that it was delaying the proposed distribution. On August 4th, a press release announced that
Infotopia had offered to repurchase the shares of Infotopia stock from National Boston Medical
that were exchanged in the reverse merger. However, that transaction apparently never occurred
and, instead, National Boston Medical filed for bankruptcy. Instead, National Boston Medical
declared bankruptcy. Did National Boston Medical ever distribute the Infotopia shares?
Apparently not. And who were the players involved? As part of the bankruptcy proceeding, a June
7, 2000 press release from National Boston Medical indicated that Daniel Hoyng, Ernest Zavoral
and Clinton Smith had recently resigned as National Boston Medical directors, and that Marek
Lozowicki had stepped down as an officer of National Boston Medical. All four individuals are
now associated with Infotopia, Inc…
Stockprowler.com faxed and e-mailed our concerns to Infotopia, Inc. this past week. And,
despite numerous phone calls to the home office and to Robert Tilton, V.P. for Investor Relations,
we have, to date, received no answers to our questions. This is very disturbing considering that, in
addition to the aforementioned, the company surprised shareholders with an announcement of a 1
for 200 reverse-split done-deal last week. Interestingly, CEO Dan Hoyng, did not suffer the same
fate as ordinary shareholders… check out the recently amended 10KSB/A Amended Annual
Report dated 6/12/2001. We quote, “The Company has a three-year employment agreement with
Daniel Hoyng, its Chief Executive Officer. The term runs through April 26, 2003 and unless
notified by the Board of Directors or the Executive Committee of the Company, the agreement will
automatically be renewed for one year, each year thereafter. In addition to a base salary, bonuses
and other incentives, Mr. Hoyng will be granted 1,000,000 shares of common stock annually on
the anniversary date of the agreement. These shares carry an anti-dilution provision and are
not subject to any reverse split.”
A firestorm of angry shareholders have flooded the RagingBull Infotopia message board this past
week… the bashing is no longer confined to an itinerant band of shorters and bashers that inhabit
and are the bane of the message boards. Was the sudden unexpected 1 for 200 reverse-split a
naïve misstep on the part of management made in the hope of quickly seizing the holy grail… a
listing on a major exchange? Or was it a deliberate example of flagrant opportunism, another
example of callous disregard or indifference toward shareholders. People want their CEO to step
up and give them straight and honest answers. A lot of people believe in the future of this
company… don’t shatter their dreams.
Direct Marketing is the fastest growing area in the advertising industry. Consumers are buying more
from television than ever before. In 1992, direct response marketing sales totaled $750 million for
the year. By 1995, the number exceeded $6.5 billion, and projections for 2001 are $25 billion.
And it certainly appears to us that companies like Direct Focus, Inc. and Infotopia, Inc. are poised
to reap the harvest. A stock is worth only what people are willing to pay for it… the price is a
reflection of the confidence that investors have in the company and its management. It is the opinion
of Stockprowler.com that Infotopia, Inc. (OTC:BB: IFTA) has the potential to be positively huge,
conceivably $20 /share in the next 12 – 18 months… but only if management can regain and build
shareholder confiden
Good Trading… Stockprowler
b/r 2desire
CHES DD Links: Thanks xxrayeyes!
Business Description
Chester Holdings Ltd. operates through PharmaOn-Line.com. PharmaOn-Line.com develops software, which allows independent and chain pharmacies to locate, price, and order generic drugs through the Internet.
Update: CHESTER HOLDINGS, Ltd. (Pink Sheets: CHES) announced on June 26th, 2001 that it has entered into an agreement to acquire all of the issued and outstanding stock of Red Mountain Energy, Inc. Located in Scottsdale, AZ, Red Mountain Energy, Inc. is involved in the exploration for and production of Coalbed Methane in the western United States and Canada.
Basic Company Profile
http://www.knobias.com/individual/research/basicprofile.htm?ticker=CHES&coid=1453527788
BigCharts Interactive Chart
http://www.bigcharts.com/intchart/frames/frames.asp?symb=ches&time=8&freq=1
SEC Filings
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=ches&selected=ches
Recent Press Releases
http://biz.yahoo.com/n/C/ches.html
Company Webpage
unknown
Catalysts
http://moneycentral.msn.com/investor/research/wizards/srwcatalysts.asp?Symbol=ches
Historical Quotes
http://host.wallstreetcity.com/wsc2/Historical_Quotes.html?Button=NEW+REQUEST&template=hisquote.....
BarCharts Signals
http://quotes.barchart.com/texpert.asp?sym=ches
Pink Sheets Most Active List
http://quotes.freerealtime.com/dl/frt/stats?exch=D&stat=0
Stockscores.com Rating
http://www.stockscores.com/index.asp
Technical Analysis Education
http://www.stockcharts.com/education/index.html
http://www.e-analytics.com/techdir.htm
http://www.chartpatterns.com
http://www.clearstation.com/education/cover.shtml
http://www.litwick.com
http://www.investormall.com/compleat/averages.htm
Charting Webpages
http://www.bigcharts.com
http://www.prophetcharts.com
http://www.stockcharts.com
SEC Complaint Link
http://www.sec.gov/enforce/comctr.htm
Thank you very much, Josh!
2desire
By the way, Josh, Could you put together some dd links on CHES for me? TIA.
2desire
I'm doing great guys! Thanks for asking. Josh, you got those charts working yet? You'll get it. Whiz kid!
2desire
Hi Muel! How's it going?
2desire
Take a look at CHES.....
Technical Analysis
http://www.smallcapcenter.com/snapshot_techanalysis.asp?component=compinfo.asp&row=2&page=sn....
Latest PR
http://www.smallcapcenter.com/snapshot_techanalysis.asp?component=compinfo.asp&row=2&page=sn....
This stock may have already been mentioned. Worth taking a look at and watching since it is energy related. I believe there is a good possibility this one could run for a 2 or 3 bagger. Good luck all and do your dd.
2desire
Take a look at CHES.....
Technical Analysis
http://www.smallcapcenter.com/snapshot_techanalysis.asp?component=compinfo.asp&row=2&page=sn...
Latest PR
http://www.smallcapcenter.com/snapshot_techanalysis.asp?component=compinfo.asp&row=2&page=sn...
This stock may have already been mentioned. Worth taking a look at and watching since it is energy related. I believe there is a good possibility this one could run for a 2 or 3 bagger. Good luck all and do your dd.
2desire
WTG EZ! Welcome to the corner directorship! Goodluck Muelhead on Josh's board. I know you will contribute alot of your knowledge there. Don't be so modest.
2desire
Infotopia Files Lawsuit Against Raging Bull, Lycos Network and Several Message Board Posters; The Company Seeks Preliminary Injunctions
http://www.bigcharts.com/news/articles.asp?newsid=781746611&orig=symbol&time=&symb=IFTA&...
b/r 2desire
Doing very well muelhead and you? Getting ready for bed. Have to work tomorrow. Wish I had a laptop for these days. lol. Get some sleep. You have a big day tomorrow.
2desire
IFTP PRESS RELEASE TONIGHT.....
Thursday June 21, 10:30 pm Eastern Time
Press Release
Infotopia, Inc. Announces Symbol Change to IFTA
Company Readies for Completion of EntrePort Transaction
CANFIELD, Ohio--(BUSINESS WIRE)--June 21, 2001--Infotopia, Inc. (OTC: BB :IFTA, formerly IFTP) (``Infotopia'' or the ``Company''), announced that its Board of Directors has approved a 1-for-200 reverse split of the Company's outstanding common stock. The Company will begin trading effective today as IFTA and trade under a new cusip number and symbol. The Company will have approximately 4,063,000 outstanding common shares as of today, fully diluted with all outstanding warrants, preferred stock and options taken into consideration.
The Company announced on June 15th that it had signed a definitive agreement with EntrePort Corporation (AMEX:ENP - news) to pursue a corporate reorganization in which Infotopia, Inc., a Nevada Corporation (``Infotopia Nevada'') will sell its wholly owned subsidiary Infotopia, Inc., an Ohio Company (``Infotopia Ohio'') (the operating entity which contains all the revenue and expenses of the Company) to EntrePort. Subsequently EntrePort will spin-off its existing business to its shareholders. According to the agreement, EntrePort will effect a 1-for-18.55 reverse split of its common stock. EntrePort will then transfer all of its assets and liabilities to a wholly owned subsidiary and will distribute shares of stock of the subsidiary to existing EntrePort shareholders.
EntrePort will then acquire all of the assets and assume all of the liabilities of Infotopia Ohio by an exchange in which EntrePort will issue to Infotopia Nevada 13,100,000 units, each unit consisting of one share of EntrePort common stock, a warrant to purchase 1/2 of a share of EntrePort common stock at $5.00 per full share and a warrant to purchase 1/4 of a share of EntrePort common stock at $10.00 per full share. EntrePort's spun-off subsidiary will receive $500,000 in the transaction. The total issued and outstanding shares of common stock of EntrePort after the closing will be approximately 15,480,000 shares. Infotopia Nevada (IFTP) will hold approximately 85.1% ownership in the new share structure in EntrePort (ENP) after the transaction is completed.
The closing of the transactions are subject to Entreport shareholders' approval at a special shareholders meeting. All EntrePort shareholders will receive a proxy statement containing detailed information about the proposed transaction. The American Stock Exchange must also approve the continued listing of the surviving corporation as a condition to closing. Upon closure of the transaction for each fully diluted share of Infotopia (IFTA), the Company will hold 13,100,000 units of ENP or 3.22 of ENP unit per IFTA share.
Daniel Hoyng, CEO and Chairman, stated, ``We view this reverse split as a significant step toward Infotopia improving its capital structure. Various conversations with advisors and potential investment bankers among the Wall Street community, indicated that such a recapitalization can better position Infotopia for an underwritten offering once it begins trading on the American Stock Exchange''.
The reverse stock split will become effective and apply to shareholders of record immediately prior to the open of trading on the OTC BB Market on Friday, June 22, 2001. Upon the effectiveness of the reverse stock split, 200 shares of common stock will be converted and reclassified as one share of post-split common stock, and each existing stock certificate will represent one-two hundredth the number of shares shown thereon. The Company will not issue fractional shares.
ABOUT INFOTOPIA
The Company's mission is to produce, market, and distribute an expanding line of high-quality, innovative health, fitness and consumer products. Infotopia seeks out products that deliver superior value, outstanding quality, and competitive prices to best satisfy customer demand. The Company markets its products to consumers through a variety marketing channels, including infomercials, distributor alliances, and Internet e-commerce. The management at Infotopia is committed to increasing corporate revenues and profits. The company's website is located at http://www.infotopia.tv .
This news release includes forward-looking statements that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Infotopia, Inc.
Robert Tilton
609-888-4111
IFTPIR@infotopia.tv
Email this story - Most-emailed articles - Most-viewed articles
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and News: IFTA - news
Infotopia Inc (OTC BB:IFTP.OB - news)
Related News Categories: computer hardware, computers, internet, publishing, software, telecom
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Muelhead, That's how grim stru looked a few days ago and look what happened to it. Looks like a good entry point on TSRG. Last year it went down to .016 in August. It might go a little lower than this. Maybe you should keep an eye on it. Might get an even bigger bargain. LOL. Good Luck. DYODD.
2desire
Thanks Arch! IFTP'ers on RB seem to think this will force shorts to cover. That's why all the secrecy on when this would take place. Looks like they were wrong. Glad I don't have too much of it. Will let it ride and see what happens. Have to work tomorrow. Keep an eye on STRU for me. Looking for a pr soon.
2desire
Good catch Arch! LOL. We knew that was coming. Have you seen STRU? Ran up to .10 today. Was a bargain at .03 a couple of days ago. Talk to you soon.
2desire
STRU up 61.54% today! It must have hit bottom yesterday. FWIW. I know I'm just happy about it. Ha!
2desire
hasbro123 we'll miss you. Please come by and chat. We enjoy your humor. Thank you for all your input. You are a great value to this board.
2desire
STRU up 61.54%. Hit bottom yesterday! FWIW.
2desire