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Can't believe it. The tenor on this board seems to have changed this morning. It's nice to start the day reading optomistic remarks and positive outlooks for the company.
Diagnostic Imaging Online
December 12, 2006
Congress finds money for physicians at imaging's expense
The good news is that Congress passed a bill that eliminated a reduction in Medicare physician payment for 2007. The bad news is that it had no money left over to reverse or delay the huge imaging reimbursement cuts called for in the Deficit Reduction Act.
"Congress chose not to make it a priority to change the DRA," said Josh Cooper, senior director of government relations for the American College of Radiology. "We believe we made a compelling case to Congress showing we need a delay to work out what the impact of this policy would be."
Included in the "Tax Relief and Health Care Act of 2006," which Congress passed on Dec. 8, was a provision to eliminate a scheduled 5.1% reduction in the sustainable growth rate (SGR) formula for physician payment for 2007. This is the fifth consecutive year that Congress has intervened to suspend the requirements of the SGR formula.
The SGR formula compares the actual rate of growth in physician spending to a target rate, which is based partly on the gross domestic product. If the actual rate of growth exceeds the target rate, the update is decreased; if it is less, the update is increased.
Payment for physician services in 2005 increased by 10% over 2004, even faster than previously projected, mainly due to an increase in the number and complexity of services, including more frequent and intensive office visits, and rapid growth in the use of imaging techniques, according to the Centers for Medicare and Medicaid Services.
By getting rid of the 5.1% reduction in physician payment, Congress then had to find the money elsewhere to balance the Medicare books. In fact, the Senate discussed imposing more cuts to imaging reimbursement during the week of Dec. 4 to offset the the SGR reversal, according to Cooper.
"We made it very clear to the Senate Finance Committee that this path would be unacceptable," he said.
While Cooper expressed disappointment that the ACR and other stakeholders did not attain their ultimate goal of a reversal or a delay of the DRA, he said their efforts have raised the profile of this issue "and of the benefit of imaging as a value to Medicare and to Medicare patients."
The crux of the ACR's efforts over the next several years will be to ensure that imaging doesn't become a piata for Congress, he said. Also, the college will be looking for opportunities to improve the Mammography Quality Standards Act, which is up for reauthorization next year.
For more information from the Diagnostic Imaging archives: Medicare rule comments reveal fears, fixes of radiologists
Hasty budget action spurs petition for delay
Trouble by the numbers: Imaging's reimbursement bubble bursts
From the north woods .
Ole and Lena were out walking and Lena clutched her heart and fell to the sidewalk. Ole got out his cell phone and called 9-1-1. The Operator said "Where are you?" Ole answered, "We were walking and Lena is on the sidewalk on Eucalyptus Street." The operator asked, "How do you spell that?" The phone seemed to go dead. The operator kept shouting for Ole. She could hear him panting. He finally came back on line and said, "I dragged her over to Oak Street, that's O-A-K."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Two Norwegian hunters from Minnesota got a pilot to fly them to Canada to hunt moose. They bagged six. As they started loading the plane for the return trip, the pilot said the plane could take only four moose. The two lads objected strongly, "Last year we shot six and the pilot let us put them all on board and he had the same plane as yours." Reluctantly, the pilot gave in and all six were loaded. However, even on full power, the little plane couldn't handle the load and went down a few moments after takeoff. Climbing out of the wreck one Norski asked the other, "Any idea where we are?" "Yaaah, I tink we's pretty close to where we crashed last year."
--------------------------------------------------------------------
Lena called the airlines information desk and inquired, "How long does it take to fly from Minneapolis to Fargo?" "Yust a minute," said the busy clerk. "Vell," said Lena, "if it has to go dat fast, I tink I'll yust take da bus."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The judge had just awarded a divorce to Lena , who had charged nonsupport. He said to Ole, "I have decided to give your wife $400 a month for support." "Vell, dat's fine, Judge," smiled Ole. "And vunce in a vhile I'll try to chip in a few bucks, myself."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Lars, the bartender, asked Ole, "Do ya know da difference between a Norwegian and a canoe?" "No, I don't," answered Ole. "A canoe will sometimes tip," explained Lars.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ole is so cheap that after his airplane landed safely he grumbled, "Vell, Deere gose five dollars down da drain for dat flight insurance!"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Lars: "Ole, stant in front of my car and tell me if da turn signals are working." Ole: "Yes, No, Yes, No, Yes, No, Yes, No.."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ole and Lena got married. On their honeymoon trip they were nearing Minneapolis when Ole put his hand on Lena's knee. Giggling, Lena said, "Ole, you can go a little farther now if ya vant to." So Ole drove to Duluth
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ole died. So Lena went to the local paper to put a notice in the obituaries. The gentleman at the counter, after offering his condolences, asked Lena what she would like to say about Ole. Lena replied, "You yust put 'Ole died.'" The gentleman, somewhat perplexed, asked, "That's it? Just 'Ole died.'? Surely, there must be something more you'd like to say about Ole. If it's money you're concerned about, the first five words are free. We must say something more." So Lena pondered for a few minutes and finally said, "O.K. You put, Ole died. Boat for sale"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ole and Lars were on their very first train ride. They had brought along bananas for lunch. Just as they began to peel them, the train entered a long, dark tunnel. "Have you eaten your banana yet?" Ole asked excitedly. "No," replied Lars. "Vell, don't touch it den," Ole exclaimed, "I yust took vun bite and vent blind!"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ole bought Lena a piano for her birthday. A few weeks later, Lars inquired how she was doing with it "Oh," said Ole, "I persuaded her to svitch to a clarinet." "How come?" asked Lars. "Vell," Ole answered, "because vith a clarinet she can't sing."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ole and Lena went to the Olympics. While sitting on a bench a lady turned to Ole and asked, "Are you a pole vaulter?" Ole replied, "No, I'm Norvegian and my name ain't Valter."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
And dot's enough!
It sure does!
look at post 3228
BlastGard Nabs Small Award
for Marines; Developing Vehicle
Protection Solution
BlastGard International [BLGA] received an initial $46,000 contract from Colt Rapid Mat LLC as part of a Marine Corps order for blast mitigation products to be used in Iraq, giving BlastGard a toe-hold in a new but potentially significant market for its technology.
The Marine’s contract with Colt Rapid Mat, part of Colt Defense, is for $186,000, and calls for the immediate delivery of 200 pieces of a casing material made by Colt and BlastGard that contains BlastGard’s BlastWrap technology for use in protecting fortification walls, overhead areas of bunkers, temporary shelters, traffic checkpoints and other things. In addition the two companies will also deliver the Blast and Thermal Suppression (BATS) casing material for seven Rapid Deployment Fortification Wall (RDFW) JEFF Kits supplied by Geocell Systems, Inc., to the Marines.
BlastGard’s BlastWrap, which is SAFETY Act certified, is the core technology behind its best selling product, which is blast mitigating trash receptacles. The material, which somewhat resembles bubble wrap used in packaging, absorbs blast pressures and the fire caused by an explosion.
The contract follows demonstrations of the BATS and RFDW at the Marine Air Ground Combat Center at Twentynine Palms, Calif. Rather than continue testing there Marines in Fallujah, Iraq, said they “know” the product works and wanted to put it to use against the enemy, Jack Waddell, president and chief operating officer of BlastGard, tells TR2. While the casing material will be put to operational use the initial purchase is still for test articles, he says.
Waddell says the market potential comes down to “how many square feet in a military theater need protection from attack.” A lot, he says.
The demonstrations at Twentynine Palms showed significant improved protection from severe improvised explosive devices (IEDs) and vehicle-borne IED threats, BlastGard says.
Fortified walls, whether made with sandbags, earthen materials or manmade materials, can stop bullets and bomb fragments but blast pressures and fireballs often go over and around the ends of these structures causing damage to whatever and whoever is behind them, Waddell says. The BATS material not only enhances the protection of these structures against bullets and fragments but dramatically limits the blast pressure a bomb creates behind these fortifications, he says.
In the tests at Twentynine Palms pressure transducers and high speed video cameras were used to gauge the effects of a
BlastGard’s Numbers
3Q06 3Q05
Sales $4.4K $481.1K
Net Inc. ($708.7K, $0.03) ($378.3K, $0.02)
101 pound TNT charge placed against a wall. The scenario was set up at the suggestion of explosive ordnance disposal-trained Marines in Iraq to simulate either a vehicle borne IED threat or a very large backpack charge at zero standoff.
“The pressure and video results from the... demonstrations suggest that a 101-pound TNT blast in contact with a standard soil filled wall could generate potentially lethal results as far as 40 feet behind the wall,” Waddell says. “The same blast against a BATS-protected RDFW wall reduces the probability of physiological injury 40 feet behind the wall to zero.”
There are four different iterations of the BATS product that are being supplied to the Marines. One is for the enhanced RDFW. Another is for top-side bunker protection against mortar and rocket attacks. A third is a “post form” for pressure mitigation at the sides of a wall and another is for use with “Texas Barriers,” which are similar to the “Jersey Barriers” used as highway dividers but only larger. Texas Barriers are used extensively in military areas in Iraq for traffic control, anti-breach protection, and other uses, Waddell says.
Vehicle Protection
Military fortifications happen to be just one of the new markets BlastGard is seeking for its technology. Another is tactical wheeled vehicle armoring, Waddell says.
BlastGard is helping to design its BlastWrap technology for installation underneath and on the sides of military vehicles to provide both blast and thermal mitigation, Waddell says. Traditional vehicle armoring “doesn’t do any good” in mitigating blast and thermal pressures, which can cause neck, head and spinal injuries to the occupants inside the vehicle, he says.
Colt Rapid Mat will be working with BlastGard on the vehicle armoring effort, which will be led by VSE Corp. [VSEC], who is responsible for the overall engineering effort. VSE contracts with the Army and Marines in the Iraqi war theater to maintain and repair military vehicles. The company also does similar work in the U.S.
“VSE understands all of the U.S. military vehicles,” Waddell says.
Testing of the new armoring solution is expensive and will require military funding, Waddell says. BlastGard expects testing to begin at the Nevada Automotive Test Center later this year and vehicle testing for retrofit kits to also take place this year in the Middle East. He expects the development work to move ahead quickly. Adding the BlastGard/Colt technology solution will not add much mass or weight to the vehicles, he adds.
BlastGard Nabs Small Award
for Marines; Developing Vehicle
Protection Solution
BlastGard International [BLGA] received an initial $46,000 contract from Colt Rapid Mat LLC as part of a Marine Corps order for blast mitigation products to be used in Iraq, giving BlastGard a toe-hold in a new but potentially significant market for its technology.
The Marine’s contract with Colt Rapid Mat, part of Colt Defense, is for $186,000, and calls for the immediate delivery of 200 pieces of a casing material made by Colt and BlastGard that contains BlastGard’s BlastWrap technology for use in protecting fortification walls, overhead areas of bunkers, temporary shelters, traffic checkpoints and other things. In addition the two companies will also deliver the Blast and Thermal Suppression (BATS) casing material for seven Rapid Deployment Fortification Wall (RDFW) JEFF Kits supplied by Geocell Systems, Inc., to the Marines.
BlastGard’s BlastWrap, which is SAFETY Act certified, is the core technology behind its best selling product, which is blast mitigating trash receptacles. The material, which somewhat resembles bubble wrap used in packaging, absorbs blast pressures and the fire caused by an explosion.
The contract follows demonstrations of the BATS and RFDW at the Marine Air Ground Combat Center at Twentynine Palms, Calif. Rather than continue testing there Marines in Fallujah, Iraq, said they “know” the product works and wanted to put it to use against the enemy, Jack Waddell, president and chief operating officer of BlastGard, tells TR2. While the casing material will be put to operational use the initial purchase is still for test articles, he says.
Waddell says the market potential comes down to “how many square feet in a military theater need protection from attack.” A lot, he says.
The demonstrations at Twentynine Palms showed significant improved protection from severe improvised explosive devices (IEDs) and vehicle-borne IED threats, BlastGard says.
Fortified walls, whether made with sandbags, earthen materials or manmade materials, can stop bullets and bomb fragments but blast pressures and fireballs often go over and around the ends of these structures causing damage to whatever and whoever is behind them, Waddell says. The BATS material not only enhances the protection of these structures against bullets and fragments but dramatically limits the blast pressure a bomb creates behind these fortifications, he says.
In the tests at Twentynine Palms pressure transducers and high speed video cameras were used to gauge the effects of a
BlastGard’s Numbers
3Q06 3Q05
Sales $4.4K $481.1K
Net Inc. ($708.7K, $0.03) ($378.3K, $0.02)
101 pound TNT charge placed against a wall. The scenario was set up at the suggestion of explosive ordnance disposal-trained Marines in Iraq to simulate either a vehicle borne IED threat or a very large backpack charge at zero standoff.
“The pressure and video results from the... demonstrations suggest that a 101-pound TNT blast in contact with a standard soil filled wall could generate potentially lethal results as far as 40 feet behind the wall,” Waddell says. “The same blast against a BATS-protected RDFW wall reduces the probability of physiological injury 40 feet behind the wall to zero.”
There are four different iterations of the BATS product that are being supplied to the Marines. One is for the enhanced RDFW. Another is for top-side bunker protection against mortar and rocket attacks. A third is a “post form” for pressure mitigation at the sides of a wall and another is for use with “Texas Barriers,” which are similar to the “Jersey Barriers” used as highway dividers but only larger. Texas Barriers are used extensively in military areas in Iraq for traffic control, anti-breach protection, and other uses, Waddell says.
Vehicle Protection
Military fortifications happen to be just one of the new markets BlastGard is seeking for its technology. Another is tactical wheeled vehicle armoring, Waddell says.
BlastGard is helping to design its BlastWrap technology for installation underneath and on the sides of military vehicles to provide both blast and thermal mitigation, Waddell says. Traditional vehicle armoring “doesn’t do any good” in mitigating blast and thermal pressures, which can cause neck, head and spinal injuries to the occupants inside the vehicle, he says.
Colt Rapid Mat will be working with BlastGard on the vehicle armoring effort, which will be led by VSE Corp. [VSEC], who is responsible for the overall engineering effort. VSE contracts with the Army and Marines in the Iraqi war theater to maintain and repair military vehicles. The company also does similar work in the U.S.
“VSE understands all of the U.S. military vehicles,” Waddell says.
Testing of the new armoring solution is expensive and will require military funding, Waddell says. BlastGard expects testing to begin at the Nevada Automotive Test Center later this year and vehicle testing for retrofit kits to also take place this year in the Middle East. He expects the development work to move ahead quickly. Adding the BlastGard/Colt technology solution will not add much mass or weight to the vehicles, he adds.
BlastGard Nabs Small Award
for Marines; Developing Vehicle
Protection Solution
BlastGard International [BLGA] received an initial $46,000 contract from Colt Rapid Mat LLC as part of a Marine Corps order for blast mitigation products to be used in Iraq, giving BlastGard a toe-hold in a new but potentially significant market for its technology.
The Marine’s contract with Colt Rapid Mat, part of Colt Defense, is for $186,000, and calls for the immediate delivery of 200 pieces of a casing material made by Colt and BlastGard that contains BlastGard’s BlastWrap technology for use in protecting fortification walls, overhead areas of bunkers, temporary shelters, traffic checkpoints and other things. In addition the two companies will also deliver the Blast and Thermal Suppression (BATS) casing material for seven Rapid Deployment Fortification Wall (RDFW) JEFF Kits supplied by Geocell Systems, Inc., to the Marines.
BlastGard’s BlastWrap, which is SAFETY Act certified, is the core technology behind its best selling product, which is blast mitigating trash receptacles. The material, which somewhat resembles bubble wrap used in packaging, absorbs blast pressures and the fire caused by an explosion.
The contract follows demonstrations of the BATS and RFDW at the Marine Air Ground Combat Center at Twentynine Palms, Calif. Rather than continue testing there Marines in Fallujah, Iraq, said they “know” the product works and wanted to put it to use against the enemy, Jack Waddell, president and chief operating officer of BlastGard, tells TR2. While the casing material will be put to operational use the initial purchase is still for test articles, he says.
Waddell says the market potential comes down to “how many square feet in a military theater need protection from attack.” A lot, he says.
The demonstrations at Twentynine Palms showed significant improved protection from severe improvised explosive devices (IEDs) and vehicle-borne IED threats, BlastGard says.
Fortified walls, whether made with sandbags, earthen materials or manmade materials, can stop bullets and bomb fragments but blast pressures and fireballs often go over and around the ends of these structures causing damage to whatever and whoever is behind them, Waddell says. The BATS material not only enhances the protection of these structures against bullets and fragments but dramatically limits the blast pressure a bomb creates behind these fortifications, he says.
In the tests at Twentynine Palms pressure transducers and high speed video cameras were used to gauge the effects of a
BlastGard’s Numbers
3Q06 3Q05
Sales $4.4K $481.1K
Net Inc. ($708.7K, $0.03) ($378.3K, $0.02)
101 pound TNT charge placed against a wall. The scenario was set up at the suggestion of explosive ordnance disposal-trained Marines in Iraq to simulate either a vehicle borne IED threat or a very large backpack charge at zero standoff.
“The pressure and video results from the... demonstrations suggest that a 101-pound TNT blast in contact with a standard soil filled wall could generate potentially lethal results as far as 40 feet behind the wall,” Waddell says. “The same blast against a BATS-protected RDFW wall reduces the probability of physiological injury 40 feet behind the wall to zero.”
There are four different iterations of the BATS product that are being supplied to the Marines. One is for the enhanced RDFW. Another is for top-side bunker protection against mortar and rocket attacks. A third is a “post form” for pressure mitigation at the sides of a wall and another is for use with “Texas Barriers,” which are similar to the “Jersey Barriers” used as highway dividers but only larger. Texas Barriers are used extensively in military areas in Iraq for traffic control, anti-breach protection, and other uses, Waddell says.
Vehicle Protection
Military fortifications happen to be just one of the new markets BlastGard is seeking for its technology. Another is tactical wheeled vehicle armoring, Waddell says.
BlastGard is helping to design its BlastWrap technology for installation underneath and on the sides of military vehicles to provide both blast and thermal mitigation, Waddell says. Traditional vehicle armoring “doesn’t do any good” in mitigating blast and thermal pressures, which can cause neck, head and spinal injuries to the occupants inside the vehicle, he says.
Colt Rapid Mat will be working with BlastGard on the vehicle armoring effort, which will be led by VSE Corp. [VSEC], who is responsible for the overall engineering effort. VSE contracts with the Army and Marines in the Iraqi war theater to maintain and repair military vehicles. The company also does similar work in the U.S.
“VSE understands all of the U.S. military vehicles,” Waddell says.
Testing of the new armoring solution is expensive and will require military funding, Waddell says. BlastGard expects testing to begin at the Nevada Automotive Test Center later this year and vehicle testing for retrofit kits to also take place this year in the Middle East. He expects the development work to move ahead quickly. Adding the BlastGard/Colt technology solution will not add much mass or weight to the vehicles, he adds.
MUSIC 1936 vs. 2006
You be the judge as to how far we've progressed in
70 years:
The Oscar winning song from 1936
"The Way You Look Tonight"
From: Swing Time (1936)
Ginger Rogers and Fred Astaire
Music by Jerome Kern; lyrics by Dorothy Fields
Someday when I'm awfully low
When the world is cold
I will feel a glow
Just thinking of you
And the way you look tonight
Oh, but you're lovely
With your smile so warm
And your cheek so soft
There is nothing for me
But to love you
Just the way you look tonight
With each word
Your tenderness grows
Tearing my fear apart
And that laugh
That wrinkles your nose
Touches my foolish heart
Lovely, never ever change
Keep that breathless charm
Won't you pleas e arrange it
'Cause I love you
Just the way you look tonight
The Oscar winning song of 2006
from Hustle and Flow (2006)
Music and Lyrics by Jordan Houston, Cedric Coleman
and Paul Beauregard
You know it's hard out here for a pimp (you ain't
knowin)
When he tryin to get this money for the rent (you
ain't knowin)
For the Cadillacs and gas money spent (you ain't
knowin)
Will have a whole lot of bitches talkin shit (you
ain't knowin)
(Academy Award show version) Will have a whole lot
of witches jumpin ship!
In my eyes I done seen some crazy thangs in the
streets
Gotta couple hos workin on the changes for me
But I gotta keep my game tight like Kobe on game
night
Like takin from a ho don't know no bett er, I know
that ain't right
Done seen people killed, done seen people deal
Done seen people live in poverty with no meals
It's fucked up where I live, but that's just how
it is
It might be new to you, but it's been like this
for years
It's blood sweat and tears when it come down to
this shit
I'm tryin to get rich 'fore I leave up out this
bitch
I'm tryin to have thangs but it's hard fo' a pimp
But I'm prayin and I'm hopin to God I don't slip,
yeah
[Chorus]
Man it seems like I'm duckin dodgin bullets
everyday
niggaz hatin on me cause I got, hos on the tray
But I gotta stay paid, gotta stay above water
Couldn't keep up with my hoes, that's when shit
got harder
North Memphis where I'm from, I'm 7th Street bound
Where niggaz all the time end up lost and never
found
Man these girls think we prove thangs, leave a big
head
They come hopin every night, they don't end up
bein dead
Wait I got a snow bunny, and a black girl too
You pay the right price and they'll both do you
That's the way the game goes, gotta keep it
strictly pimpin
Gott a have my hustle tight, makin change off
these women, yeah
Sadly this is NO joke. It is true.
Well said
You cite Charleroi???? You should do DD on him and you'll learn to regret that statement. He is a paid basher who dfrequents many boards-he has lost posting priviledges on several message boards and cites as a result.
Each poster may post their thoughts freely but when their contentions are false I'll try to respond with fact.
You are entitled to your own opinion but my DD assures me I have a complete grasp of the operations and follow each new development with interest. Your negative views don't do yiou justice.
The transfer agent would know and the daily volume figures would trigger questions from smart investors as to the source of the buying.
Appreciate your post but add to it the recent announcement of the Associated Press's false stories they publ;ished critical of US actions in Iraq. The general public certainly did not react--no accountability again!
Haven't heard from him inquite some time. Perhaps the board moderator took the appropriate action and cancelled his posting priviledges. Or perhaps he could no longer afford the enrollment fee.
Show all filings for CUBIST PHARMACEUTICALS INC | Request a Trial to NEW EDGAR Online Pro
Form 8-K for CUBIST PHARMACEUTICALS INC
--------------------------------------------------------------------------------
13-Dec-2006
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 7, 2006, the Compensation Committee of the Board of Directors of the registrant, Cubist Pharmaceuticals, Inc. ("Cubist"), approved a Short Term Incentive Plan ("STIP") to provide Cubist's employees, including Cubist's Chief Executive Officer ("CEO"), Chief Financial Officer ("CFO"), and its other named executive officers with annual cash awards based on Cubist's achievement of its company goals and the individual employee's achievement of personal goals for 2007. The cash awards under the STIP for 2007 will be paid in 2008.
Cubist's CEO's cash award under the STIP is targeted at 80% of his 2007 salary and is based 100% on Cubist's achievement of its company goals. Cubist's CFO and its other named executive officers' awards are targeted at 40% of each individual's 2007 salary and are based 60% on Cubist's achievement of its company goals and 40% of the individual's achievement of his individual goals. Because the CEO's, CFO's and named executive officers' 2007 salaries have not yet been established, the amounts of these potential awards are not yet known.
A copy of the terms and conditions of the STIP has been filed as an exhibit to this Report on Form 8-K, attached hereto as Exhibit 10.1, and is incorporated herein by reference.
Adinger has been funding VCST for years but this agreement
"conversion of $9,259,582 outstanding indebtedness for a combination of the issuance of 80,000 shares of unregistered convertible preferred stock with each share having a stated value of $100.00 with voting rights on an "as converted" basis with the common stock, the issuance of 2,862,687 shares of unregistered common stock and issuance of a seven year warrant to purchase up to 2,500,000 shares of Common Stock at an exercise price of $0.48 per share"
carries the potential for massive dilution. At yesterday's high of $0.52 he could have sold 2,5000,000 shares and pocketed a profit of $100,000.
This news is not all thaat good.
AP
SEC Charges Hedge Fund Over Shorting
Tuesday December 12, 3:19 pm ET
By Judith Burns, Dow Jones Newswires
SEC Charges Hedge Fund With Naked Short-Selling
WASHINGTON (AP) -- Federal regulators sued a Dallas-based hedge-fund manager Tuesday, alleging he pulled in more than $6.5 million of gains through illegal trading involving "naked" short sales of dozens of companies.
ADVERTISEMENT
Edwin Buchanan Lyon IV, the managing partner and chief investment officer of Gryphon Partners LP, was charged by the Securities and Exchange Commission on Tuesday, along with Gryphon and six other related firms based in Texas and Bermuda.
According to the SEC's complaint, filed in federal district court in Manhattan, from 2001 to 2004, Gryphon would engage in "naked" short sales, typically through Canada, after agreeing to invest in PIPE deals, or private investments in public equity.
The SEC also charged Gryphon with trading on inside information on at least four PIPE deals, involving Celsion Corp., Gentner Communications Corp., Manufacturers Service Ltd. and PhotoMedex Inc., by selling their shares short ahead of public announcement of the stock offerings. Lawyers advised Lyon not to engage in trading in advance of the deals, but he did it anyway, according to the SEC.
Short selling, which involves sales of borrowed shares in hopes of replacing them later at a lower price, is legal. So-called "naked" short selling occurs when the short seller doesn't borrow shares before selling them, a practice that was legal in Canada at the time.
The SEC claimed Lyon and Gryphon engaged in deceptive sales involving at least 35 companies that sought PIPE financing, after telling those firms that the hedge fund wouldn't sell or transfer the shares it acquired through the PIPE deals. The companies included Guilford Pharmaceuticals Inc., IntelliData Technologies Inc. and Heartland Oil & Gas Corp.
The SEC is seeking to have Lyon and Gryphon return their allegedly ill-gotten gains, with interest, and pay civil penalties.
"Insider trading and fraud by hedge funds continues to be a high priority for the commission," said Robert Kaplan, an assistant director in the SEC's enforcement division in Washington. He added that the agency will seek "substantial" penalties from the defendants.
The case isn't the SEC's first to target alleged manipulation involving PIPE deals and hedge funds, which are lightly regulated investment vehicles meant for the ultra-wealthy. Hedge fund manager Jeffrey Thorp and three hedge funds paid $15.8 million in March to settle SEC allegations of insider trading and illegal sales of shares involved in PIPE transactions.
Lyon isn't the first Gryphon manager to run afoul of the law, either. Former manager Jonathan Daws pleaded guilty in 2005 to charges of manipulating the price of penny stocks using information obtained from U.S. government sources. Daws was charged in a scheme that included former Federal Bureau of Investigation agent Jeffrey Royer; Royer's former girlfriend, Lynn Wingate; and former short-seller and Web site operator Anthony Elgindy.
Kaplan said the conduct alleged against Lyon and Gryphon was unrelated to the charges against Daws.
Ralph Ferrara, an attorney who represents Lyon and Gryphon, was traveling and couldn't be reached immediately for comment.
AP
SEC Charges Hedge Fund Over Shorting
Tuesday December 12, 3:19 pm ET
By Judith Burns, Dow Jones Newswires
SEC Charges Hedge Fund With Naked Short-Selling
WASHINGTON (AP) -- Federal regulators sued a Dallas-based hedge-fund manager Tuesday, alleging he pulled in more than $6.5 million of gains through illegal trading involving "naked" short sales of dozens of companies.
ADVERTISEMENT
Edwin Buchanan Lyon IV, the managing partner and chief investment officer of Gryphon Partners LP, was charged by the Securities and Exchange Commission on Tuesday, along with Gryphon and six other related firms based in Texas and Bermuda.
According to the SEC's complaint, filed in federal district court in Manhattan, from 2001 to 2004, Gryphon would engage in "naked" short sales, typically through Canada, after agreeing to invest in PIPE deals, or private investments in public equity.
The SEC also charged Gryphon with trading on inside information on at least four PIPE deals, involving Celsion Corp., Gentner Communications Corp., Manufacturers Service Ltd. and PhotoMedex Inc., by selling their shares short ahead of public announcement of the stock offerings. Lawyers advised Lyon not to engage in trading in advance of the deals, but he did it anyway, according to the SEC.
Short selling, which involves sales of borrowed shares in hopes of replacing them later at a lower price, is legal. So-called "naked" short selling occurs when the short seller doesn't borrow shares before selling them, a practice that was legal in Canada at the time.
The SEC claimed Lyon and Gryphon engaged in deceptive sales involving at least 35 companies that sought PIPE financing, after telling those firms that the hedge fund wouldn't sell or transfer the shares it acquired through the PIPE deals. The companies included Guilford Pharmaceuticals Inc., IntelliData Technologies Inc. and Heartland Oil & Gas Corp.
The SEC is seeking to have Lyon and Gryphon return their allegedly ill-gotten gains, with interest, and pay civil penalties.
"Insider trading and fraud by hedge funds continues to be a high priority for the commission," said Robert Kaplan, an assistant director in the SEC's enforcement division in Washington. He added that the agency will seek "substantial" penalties from the defendants.
The case isn't the SEC's first to target alleged manipulation involving PIPE deals and hedge funds, which are lightly regulated investment vehicles meant for the ultra-wealthy. Hedge fund manager Jeffrey Thorp and three hedge funds paid $15.8 million in March to settle SEC allegations of insider trading and illegal sales of shares involved in PIPE transactions.
Lyon isn't the first Gryphon manager to run afoul of the law, either. Former manager Jonathan Daws pleaded guilty in 2005 to charges of manipulating the price of penny stocks using information obtained from U.S. government sources. Daws was charged in a scheme that included former Federal Bureau of Investigation agent Jeffrey Royer; Royer's former girlfriend, Lynn Wingate; and former short-seller and Web site operator Anthony Elgindy.
Kaplan said the conduct alleged against Lyon and Gryphon was unrelated to the charges against Daws.
Ralph Ferrara, an attorney who represents Lyon and Gryphon, was traveling and couldn't be reached immediately for comment.
Would appreciater an explanation of your $4.17 figure.
AP
SEC Charges Hedge Fund Over Shorting
Tuesday December 12, 3:19 pm ET
By Judith Burns, Dow Jones Newswires
SEC Charges Hedge Fund With Naked Short-Selling
WASHINGTON (AP) -- Federal regulators sued a Dallas-based hedge-fund manager Tuesday, alleging he pulled in more than $6.5 million of gains through illegal trading involving "naked" short sales of dozens of companies.
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Edwin Buchanan Lyon IV, the managing partner and chief investment officer of Gryphon Partners LP, was charged by the Securities and Exchange Commission on Tuesday, along with Gryphon and six other related firms based in Texas and Bermuda.
According to the SEC's complaint, filed in federal district court in Manhattan, from 2001 to 2004, Gryphon would engage in "naked" short sales, typically through Canada, after agreeing to invest in PIPE deals, or private investments in public equity.
The SEC also charged Gryphon with trading on inside information on at least four PIPE deals, involving Celsion Corp., Gentner Communications Corp., Manufacturers Service Ltd. and PhotoMedex Inc., by selling their shares short ahead of public announcement of the stock offerings. Lawyers advised Lyon not to engage in trading in advance of the deals, but he did it anyway, according to the SEC.
Short selling, which involves sales of borrowed shares in hopes of replacing them later at a lower price, is legal. So-called "naked" short selling occurs when the short seller doesn't borrow shares before selling them, a practice that was legal in Canada at the time.
The SEC claimed Lyon and Gryphon engaged in deceptive sales involving at least 35 companies that sought PIPE financing, after telling those firms that the hedge fund wouldn't sell or transfer the shares it acquired through the PIPE deals. The companies included Guilford Pharmaceuticals Inc., IntelliData Technologies Inc. and Heartland Oil & Gas Corp.
The SEC is seeking to have Lyon and Gryphon return their allegedly ill-gotten gains, with interest, and pay civil penalties.
"Insider trading and fraud by hedge funds continues to be a high priority for the commission," said Robert Kaplan, an assistant director in the SEC's enforcement division in Washington. He added that the agency will seek "substantial" penalties from the defendants.
The case isn't the SEC's first to target alleged manipulation involving PIPE deals and hedge funds, which are lightly regulated investment vehicles meant for the ultra-wealthy. Hedge fund manager Jeffrey Thorp and three hedge funds paid $15.8 million in March to settle SEC allegations of insider trading and illegal sales of shares involved in PIPE transactions.
Lyon isn't the first Gryphon manager to run afoul of the law, either. Former manager Jonathan Daws pleaded guilty in 2005 to charges of manipulating the price of penny stocks using information obtained from U.S. government sources. Daws was charged in a scheme that included former Federal Bureau of Investigation agent Jeffrey Royer; Royer's former girlfriend, Lynn Wingate; and former short-seller and Web site operator Anthony Elgindy.
Kaplan said the conduct alleged against Lyon and Gryphon was unrelated to the charges against Daws.
Ralph Ferrara, an attorney who represents Lyon and Gryphon, was traveling and couldn't be reached immediately for comment.
I got a chuckle from this one
Subject: Secret of a Long Jewish Marriage
With a couple celebrating their 50th anniversary at the synagogues marriage marathon, the Rabbi asked Moishe to take a few minutes and share some insight into how he managed to live with the same woman all these years.
Moishe replied to the congregation, "Well, I treated her with respect, spent money on her, but mostly I took her travelling on special occasions."
The Rabbi inquired...... trips to where? "For our 25th anniversary, I took her to Beijing, China."
The Rabbi then said, "What a terrific example you are to all husbands Moishe.
Please tell the audience what you're going to do for your wife on your 50th anniversary? "
Moishe replies:
"I'm going to go back and get her.
Bad News
Congress adjourns without delaying DRA imaging cuts
Despite intense lobbying efforts in recent months, medical imaging advocates were unable to persuade the U.S. Congress to make adjustments to the Deficit Reduction Act (DRA) of 2005 before it adjourned over the weekend. The DRA's provisions cutting Medicare reimbursement for outpatient imaging procedures will take effect as mandated on January 1, 2007.
The Senate and House of Representatives failed to take action on two bills (H.R. 5704, S. 3795) that would have delayed the DRA's technical component cuts for outpatient imaging services for at least two years, pending a study by the Government Accountability Office (GAO) into the effect of the cuts on patient access to care.
There was some good news, however, for healthcare providers, as Congress rejected a 5% reduction in the Medicare Physician Fee Schedule.
NewMarket Technology, Inc. Town Hall Meeting Focused on Recent Increase in Spin-off Activity and Financials
Monday December 11, 10:16 am ET
Record Revenue Quarter and Improved Net Income Highlighted
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) released an overview of the company's recent Town Hall meeting last week which highlighted the company's momentum towards meeting the long-awaited goals of publicly listing a number of subsidiaries, yet still retaining a majority interest to maintain consolidated financial reporting and provide long-term capital gain potential for shareholders.
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During the meeting, CEO Philip Verges announced the signing of a letter of intent (LOI) to acquire a majority interest in Silicon Aquarius, Inc., a telecom technology firm headquartered in Richardson, Texas with 23 Patents issued between Nov. 10, 1998, and Nov. 21, 2006 (Silicon Aquarius, Inc. Patents). Texas Instruments' patent portfolio has been the beneficiary of the technological innovation from the expertise and talent now at Silicon Aquarius. As noted by Mr. Verges, "The transaction underway between Silicon and NewMarket is a strategic combination of intellectual property, engineering, marketing, financial investment and embedded development resources through NewMarket's established partnerships in China. The addition of Silicon Aquarius will extend NewMarket's emerging technology reach and depth by substantially jump starting an intellectual property inventory of technologies with multiple applications in multiple industries." Significantly, Silicon Aquarius believes there are a number of patent infringement cases that can be pursued.
NewMarket's recent independent listing of its consolidated operation in China with a 2007 revenue forecast of $40 million, NewMarket China, Inc., currently listed as Intercell International Corporation (OTCBB:IICP - News) was discussed at the Town Hall, along with the intent to convert the company's preferred stock with anti-dilutive provisions at a later date to facilitate a dividend distribution of IICP shares to NMKT shareholders. The presentation also reviewed the pending transaction with Paragon Financial Corporation (OTC:PGNF - News), which is planned to be renamed NewMarket Latin America with $20 million in revenue and booking a profit. Lastly, the recently announced LOI with Diamond I, Inc. (OTCBB:DMOIE - News) was included in the presentation on the strategic benefits of the transaction with the WiFi and Wireless Gaming firm. David Loflin, CEO of Diamond I, told shareholders that the "E" currently appended to the Diamond stock symbol will be removed this week due to its pending financial filing.
Mr. Verges indicated that NewMarket was intent upon completing the announced transaction as soon as possible in order to advance the company's business plan to eventually provide dividends to NMKT shareholders in the form of stock dividends of the consummated consolidated subsidiary spin-offs. Mr. Philip Rauch, CFO, presented the company's financials and highlighted the company's record revenue quarter announced for third quarter 2006 and the company's turnaround in net income. Mr. Rauch also noted that shareholder's equity exceeds $42 million as of the company's last 10-Q.
Ms. Pat Robinson from the City of New Orleans Department of Economic Development presented on the city's many rebuilding initiatives, to include both economic incentives for companies and assistance to individuals effected by Katrina and the subsequent failure of the levee system.
The video of NewMarket's Town Hall meeting in New Orleans last week will be available on the Company's website by Thursday, December 14. The Power Point Presentation from the NewMarket Town Hall meeting is available by contacting ir@newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
Imaging community maintains pressure to stave off payment cuts
Lame duck lawmakers, as well those staying on for the 110th Congress, are feeling the heat from the imaging community to delay the implementation of draconian reimbursement cuts slated to take effect in less than a month.
The Access to Medical Imaging Coalition has sent letters to outgoing House Speaker Dennis Hastert and retiring Senate Majority Leader Bill Frist reiterating its concern regarding the large cuts in imaging services included in the Deficit Reduction Act of 2005.
The cuts, which are slated to go into effect Jan. 1, 2007, will affect high-end diagnostic imaging modalities such as MRI, CT, PET, and nuclear studies, as well as dual x-ray absorptiometry bone-density scans and ultrasound.
The AMIC is composed of more than 30 organizations, including the American College of Radiology and the American College of Cardiology. It asked each leader to support bipartisan bills that call for a two-year moratorium on the payment reductions while the Government Accountability Office conducts a study on the likely impact of the cuts on patient access.
"We are committed to working to delay the imaging cuts and put a better policy in place to deal with concerns of increased utilization by looking at different models for accreditation and/or implementation of clinical protocols at the point of service," Tim Trysla, AMIC's executive director, told Diagnostic Imaging.
AMIC also has placed advertisements in two primary publications that serve lawmakers on Capitol Hill: Roll Call and the National Journal's Congress Daily. The ads count down the days until January 1 in an effort to reinforce the urgency of action on the DRA cuts in the lame duck session.
House members could adjourn this week, while senators will remain in Washington an extra week to deal with the confirmation of Robert Gates as the new secretary of defense.
For more information from the Diagnostic Imaging archives:
Medicare rule comments reveal fears, fixes of radiologists
Reimbursement cuts could make exams money losers
Imaging's reimbursement bubble bursts
Fall means open season on imaging payments
-- By C. P. Kaiser
ImClone's chief scientific officer resigns
Mon Dec 4, 2006 11:21am ET
Market View
IMCL (Imclone Systems Inc )
Last: $29.43
Change: -0.49 (-1.64%)
Revenue (ttm): $644.7M
EPS: 3.62
Market Cap: $2,534.39M
Time: 4:00pm ET
Stock Details
Company Profile
Analyst Research
Company News:
ImClone's chief scientific officer resigns
UPDATE 1-Merck KGaA, Bristol-Myers say Erbitux fails goal
Yeda sues ImClone for share of Erbitux profits
forelorn hope.
A Dangerous New Scam. Watch Out!!!
A "heads up" for those of you who may be regular Home Depot customers.
Over the last month I became a victim of a clever scam while out shopping. Simply going out to get supplies has turned out to be quite traumatic. Don't be naive enough to think it couldn't happen to you.
Here's how the scam works: Two seriously good-looking 20-21 year-old girls come over to your car as you are packing your shopping into the trunk. They both start wiping your windshield with a rag and Windex, with their breasts almost falling out of their skimpy T-shirts. It is impossible not to look. When you thank them and offer them a tip, they say "No" and instead ask you for a ride to another Home Depot or Lowe's. You agree and they get in the back seat. On the way, they start having sex with each other. Then one of them climbs over into the front seat and performs oral sex on you, while the other one steals your wallet.
I had my wallet stolen October 4th, 9th,
10th, twice on the 15th,
17th, 20th, & 24th. Also November 1st,
3rd, twice on the 7th, three times just yesterday and very likely again this upcoming Saturday. So be careful.
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NewMarket Technology, Inc. CEO Philip Verges to Be Interviewed on MN1.com Today at 10 AM EST on Company Progress Prompting Personal 1 Million Share Purchase
Record 3rd Qtr Performance with $18.9 Million in Revenue and $2.7 Million YTD Net Income and Recent Analyst Recommendation of $0.78 PPS vs. Current $0.30
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT) CEO Philip Verges will be featured today on Market News First (www.mn1.com) for an exclusive audio and video interview with the MN1 news team. The interview is scheduled for Dec. 6, 2006, at 10 AM EST.
NewMarket Technology has announced a series of significant corporate developments leading up to the Company's Annual Town Hall Meeting being held tomorrow in New Orleans, LA. The Company recently reported record revenues of $18.9 million for the 3rd quarter of FY 2006 with a year to date net income before currency translation of $2.7 million. Shareholder equity exceeded $40 million at the end of the 3rd quarter. NewMarket was recognized this year by Deloitte as the 5th fastest growing technology company in North America. The Company reported over $50 million in profitable revenue last year and is on track to report over $70 million in profitable revenue this year. Management has forecasted $120 Million in revenue for FY 2007. Additionally, the Company recently announced the independent listing of its consolidated operation in China (OTCBB:IICP) and two Letter of Intent agreements with Paragon Financial Corporation (OTC:PGNF) and Diamond I, Inc. (OTCBB:DMOIE) to list two additional consolidated subsidiaries. Yesterday, the CEO Philip Verges announced the personal purchase of 1 million shares of NewMarket Stock.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
About MN1.com (www.mn1.com)
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Partner
Smaller drug developers like Cubist Pharmaceuticals (Nasdaq: CBST - News) don't have nearly the level of resources needed to bring their drugs to market and commence sales in the fragmented pharmaceutical marketplace throughout much of the world. The only way for specialty pharmas like Cubist to get their drugs to countries outside the United States or the European Union is by teaming with a much larger pharmaceutical company. Yesterday, Cubist did just that by signing a commercialization agreement with AstraZeneca (NYSE: AZN - News) to help bring to market and sell Cubist's lead drug, the antibiotic Cubicin, in various smaller markets throughout the world.
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In return for getting the rights to market Cubicin in China and certain other Asian countries, as well as places like the Middle East and Africa, Cubist will receive an undisclosed royalty on all sales of the drug. The agreement also gives Cubist $10 million up front and provides for milestone payments upon Cubicin's reaching certain regulatory and sales milestones in various countries.
The best part of the deal is that Cubist retains the rights to Cubicin in Japan, which is by far the biggest market in all of Asia, accounting for almost two-thirds of the approximately $100 billion Asian market for pharmaceuticals. I'd expect an agreement with Pfizer (NYSE: PFE - News) or the Japanese pharmaceutical giant Takeda sometime in the near future to cover Japan, now that the value of Cubicin has been set in the rest of Asia.
When partnering a drug, it's not only the terms of the partnership that are important, but also the quality and clout of the partner. Cubist made a smart decision in choosing AstraZeneca, because it is well represented in Asia and as of 2004 was the ninth largest pharmaceutical company in this rapidly growing market.
Cubicin sales have been growing like crazy in the past year, and opening up sales in these new markets will only hasten the drug's sales trajectory. Cubist is smart to get the long process of bringing Cubicin to market in the individual Asian countries underway sooner rather than later, as the Asia Pacific region accounts for roughly 17% of worldwide pharmaceutical sales. Getting an experienced pharma partner like AstraZeneca to help with the process and provide a generous up-front payment makes this move even better.
Wonderful Where can I exchange it for cash????
PS Thanks
SEC Filing
Income Statement
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 30-Sep-06 30-Jun-06 31-Mar-06 31-Dec-05
Total Revenue 18,975 16,870 17,330 15,320
Cost of Revenue 13,519 12,436 12,203 10,003
Gross Profit 5,456 4,433 5,127 5,317
Operating Expenses
Research Development - - - 40
Selling General and Administrative 4,252 3,830 4,154 3,408
Non Recurring - - - -
Others 158 201 154 177
Total Operating Expenses - - - -
Operating Income or Loss 1,046 403 819 1,692
Income from Continuing Operations
Total Other Income/Expenses Net 490 241 (259) (191)
Earnings Before Interest And Taxes 1,536 644 560 1,501
Interest Expense 140 129 54 29
Income Before Tax 1,395 515 506 1,472
Income Tax Expense 17 34 72 21
Minority Interest - - - -
Net Income From Continuing Ops 1,379 482 434 1,451
Net Income 1,379 482 434 1,451
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares $1,379 $482 $434 $1,451
NewMarket Technology Director and Former Chairman of the Federal Reserve Bank of Dallas Hugh G. Robinson to Introduce City of New Orleans Department of Economic Development at Company Town Hall Meeting This Week
Tuesday December 5, 11:07 am ET
#5 Deloitte Technology Fast 500 with Projected $70 Million Profitable Revenue to Hold Annual Town Hall in New Orleans this Thursday, December 7th at 3:30 pm CST
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) is exploring economic and business incentives, including high-tech job creation opportunities, with the City of New Orleans. Hugh G. Robinson serves on the Board of Directors of NewMarket Technology and is leading efforts with city officials in New Orleans.
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Mr. Robinson is a former Chairman and Board Member of the Federal Reserve Bank of Dallas and served as an officer in the United States Army retiring with the rank of Major General. Mr. Robinson is currently also a member of the Board of Directors of CarMax, Inc. (NYSE:KMX - News), Aleris International, Inc. (NYSE:ARS - News) and a member of the Advisory Board of TXU Corp. (NYSE:TXU - News).
After the effects of Hurricane Katrina, the City of New Orleans has actively worked to bring businesses back into the city through their economic development campaign. After meeting with the City Government of New Orleans, NewMarket is exploring multiple growth opportunities within the city in line with the Company's strategy to focus on developing economies.
Mr. Robinson and representatives from the City of New Orleans Department of Economic Development will be on hand at the Company's Town Hall meeting this week in New Orleans to discuss the opportunities within the city. In conjunction with NewMarket's business development initiatives in New Orleans and to demonstrate NewMarket's commitment to the economic redevelopment of New Orleans, the Company has selected the City of New Orleans as the venue for the 2006 Town Hall meeting.
NewMarket Town Hall Meeting this Thursday, December 7th at 3:30 pm CST
Shareholders and interested investors are encouraged to attend the NewMarket Technology Annual Town Hall this Thursday, December 7th, in New Orleans to learn more about the Company's business plan, review 2006 performance and plans to continue rapid growth into next year with a forecasted $120 million in profitable annual revenue for 2007.
Additionally, NewMarket is hosting a tour of the city on Dec. 8th at 1 pm CST for anyone interested in seeing the City of New Orleans' progress in rebuilding and learning more about the current business and investment opportunities in the City. Representatives of New Orleans will be on hand to discuss the current opportunities. Space is limited, so to reserve a seat please RSVP to wmarks@newmarkettechnology.com.
For additional details on the Town Hall meeting, including times, venue and discounted travel arrangements available to attendees, please visit www.newmarkettechnology.com. If you have any further questions, or would like to RSVP to the NewMarket Technology Annual Town Hall, please contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
NewMarket's Micro Cap Emerging Technology Strategy Focused on Developing Economies Worldwide and in the US
Are you aware that each sale results in a bigger loss as reported in each SEC quarterly filing????
If you ever tried to learn Morse Code you'd know that the letter Q-for Queen sounds like "No Balls At All"
Sad But True
Math 1950-2006
Last week I purchased a burger at Burger King for $1.58. The counter girl took my $2, and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register. I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried. Why do I tell you this?
Because of the evolution in teaching math since the 1950s:
1. Teaching Math In 1950: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?
2. Teaching Math In 1960: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?
3. Teaching Math In 1970: A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?
4. Teaching Math In 1980: A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.
5. Teaching Math In 1990: A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20. What do you think of this way of making a living? Topic for class participation after answering the question: How did the birds and squirrels feel as the logger cut down their homes? (There are no wrong answers)
6. Teaching Math In 2006: Un hachero vende una carretada de maderapara $100. El costo de la producciones es $80. Cuanto dinero ha hecho?
Cubist Inks AstraZeneca Licensing Deal
Monday December 4, 10:24 am ET
Cubist, AstraZeneca Sign a Contract to Sell an Antibiotic in Asia, the Middle East and Africa
LEXINGTON, Mass. (AP) -- Drug developer Cubist Pharmaceuticals Inc. on Monday said it signed a $10.3 million licensing agreement with AstraZeneca PLC to market Cubicin antibiotic in China.
The agreement also includes other countries in Asia, the Middle East and Africa not covered by existing agreements, but excludes Japan.
Cubist will receive additional payments from AstraZeneca once the drug reaches certain regulatory and sales milestones. Cubist will also get payments of an undisclosed amount to supply AstraZeneca with Cubicin vials.
Cubicin is a once-daily antibiotic used to treat staph infections of skin and blood.
Shares of Cubist rose 56 cents, or 2.8 percent, to $20.61 in morning trading on the Nasdaq. Shares of AstraZeneca gained 40 cents to $57.53 on the New York Stock Exchange.
Subject: Biker and old lady
A biker stopped by the local Harley shop to have his bike fixed. They couldn't do it while he waited, so he said he didn't live far and would just walk home.
On the way home he stopped at the hardware store and bought a bucket and an anvil. He then stopped by the feed store and picked up a couple of chickens and a goose. However, struggling outside the store, he now had a problem -- how to carry all of his purchases home.
While he was scratching his head he was approached by a little old lady who told him she was lost. She asked, "Can you tell me how to get to
1603 Mockingbird Lane?"
The biker said, "Well, as a matter of fact, I live at 1616 Mockingbird Lane. I would walk you home but I can't carry all this stuff."
The old lady suggested, "Why don't you put the anvil in the bucket, carry the bucket in one hand, put a chicken under each arm and carry the goose in your other hand?"
"Why, thank you very much," he said, and proceeded to walk the old girl home. On the way he said, "Let's take my short cut and go down this alley. We'll be there in no time."
The little old lady looked him over cautiously, then said, "I am a lonely widow without a husband to defend me. How do I know that when we get in the alley you won't hold me up against the wall, pull up my skirt, and have your way with me?"
The biker said, "Holy smokes, lady! I'm carrying a bucket, an anvil, two chickens and a goose. How in the world could I possibly hold you up against the wall and do that?"
The lady replied, "Set the goose down, cover him with the bucket, put the anvil on top of the bucket, and I'll hold the chickens."
_________________________________________________________________
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NewMarket Technology, Inc. Invited to Explore Jobs Creation Program Sanctioned by President of Mexico at International Mayors Conference in Dallas, Texas
Friday December 1, 10:02 am ET
Over $20 Million of NewMarket's Projected $70 Million in Profitable Annual Revenue for 2006 Comes from Latin America
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) has been invited to explore jobs creation programs in Mexico. The governors and mayors of Mexico have been directed by the President of Mexico to actively create jobs in their regions. Representatives from each state and a number of cities in Mexico will be presenting the program details and benefits at upcoming meetings in Dallas scheduled for January 22-23, 2007. NewMarket has been invited and will attend to explore these opportunities in line with the Company's growing operations in Latin America.
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NewMarket Latin America Operation
NewMarket currently has over $20 million in profitable annual revenue from its Latin America Operations and the Company has plans to continue to grow their operations in the region. NewMarket Technology and Paragon Financial Corporation (OTC:PGNF - News) announced yesterday entering into a letter of intent agreement to combine NewMarket's Latin America operations into Paragon Financial Corporation. The transaction would result in NewMarket owning a majority equity position in Paragon Financial (news - http://biz.yahoo.com/bw/061130/20061130005702.html?.v=1) and continuing to report consolidated financials.
NewMarket China and Intercell International Corporation
NewMarket's Latin America operation would be the Company's second consolidated subsidiary to be independently listed supporting NewMarket's business plan to issue publicly listed subsidiary stock to NewMarket shareholders in dividend declarations. NewMarket recently listed its Chinese operating subsidiary with a revenue forecast of $40 million for fiscal year 2007 in a transaction with Intercell International Corporation (OTCBB:IICP - News). Intercell is now an independently listed, consolidated subsidiary of NewMarket and is in the process of changing its name to NewMarket China.
NewMarket's Micro Cap Emerging Technology Strategy Focused on Developing Economies Worldwide and in the US
NewMarket Technology has a history of rapid growth in the developing economies of Latin America, Asia and the US. Since 2002, the Company has built revenue from less than $1 million to a projected $70 million in profitable revenue for fiscal year 2006 and an announced revenue forecast of $120 million for 2007. With over $40 million of the total revenue being attributed to these overseas developing economies, NewMarket's growth internationally is an integral part of the Company's success. This record growth has earned NewMarket increasing recognition for the past three years on the Deloitte Technology Fast 500 with a 5th place ranking in 2006, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
NewMarket's strategy is to incubate emerging technologies, grow regional operations and eventually distribute investment returns on these technologies and operations in the form of shareholder dividends. Management is ramping up the process of publicly listing its regional subsidiaries and emerging technology subsidiaries, as with the recent listing of the Company's Chinese operations.
NewMarket anticipates further announcements regarding the public listing of other subsidiary operations in the imminent future.
The Company has plans to continue to leverage the business opportunities of developing economies both worldwide and in the US. NewMarket is currently exploring opportunities through the Department of Economic Development in the City of New Orleans related to the active rebuilding campaign currently underway in the city after Hurricane Katrina. In conjunction with NewMarket's business development initiatives in New Orleans and to demonstrate NewMarket's commitment to the economic redevelopment of New Orleans, the Company has selected the City of New Orleans as the venue for the 2006 Annual Town Hall meeting.
What's the nearest air port??