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IICP: Stock Soars During Friday's Action; Catalyst Seen as Delayed Reaction from NMKT Deal
Monday , November 06, 2006 17:31 ET
Intercell International Corporation (IICP) recently announced a stock symbol change. The OTCBB reported that the symbol had changed from IICPQ to IICP. The "Q" previously included on the end of the symbol was an indication that the Company was operating in bankruptcy.
As part of the recently announced transaction with NewMarket Technology, Inc. (NMKT), Intercell was dismissed from bankruptcy prompting the removal of the "Q" from the Intercell symbol.
Shares of the name received increased attention on Friday due to a delayed reaction from the name dropping the "Q" and transitioning
from a non operable shell company to a fully operational and reporting company with expected revenues of $20M dollars. Shares gained 60% on almost 2.5M shares traded.
The new company's first reporting opportunity will be their fiscal first quarter of 2007 which is scheduled to be released around February 15th.
Fonar Ownership
As of 1 Sept 2005
Class A Common Stock 4,544
Class B Shareholders 10
Class C Shareholders 4 ( Only Class franchised to vote) 4
Class A non-voting preferred shares 3,938
Damadian's Holdings
common stock 2,795,453 D
common stock 13390 I see note 1 (1)
class a preferred stock 474773 D
class a preferred stock 2555 I see note
2 (2)
class c common stock 9561174 D
NOTE THE CLASS C SHARES These are the voting shares which enable
his dictatorial control of the company.
The technology i outstanding. The business management as exemplified by Damadian's dictatorial control is abysmal. Conssider investment carefully.
right on the mark!!!!
Thanks--that summarizes the mess in our markets very well. As long as the revolving door at the SEC and Wall Street continues this mess willgo on and on and on. Only when the American individual investors wake up and finally see where the money comes from that fund all the gross year end bonuses will the necessary attention grabber be exercised.
Fonar claims to have the largest exhibit area at the upcoming RSNA show. Their intent is to show their complete product line. But when I read the following a thought struck me--WHERE IS FONAR??
Road to RSNA 2006: MRI Preview - - November 1, 2006
Dear AuntMinnie Member,
The U.S. MRI market continued to chug along at a respectable pace in 2006, with nearly 1,000 scanners expected to be sold during the year, according to market research firm IMV Medical Information Division of Des Plaines, IL. The installed base of MRI scanners has been growing by about 4% annually for the last several years, according to IMV's estimates.
But clouds loom on the horizon as the January 2007 implementation date for the Deficit Reduction Act (DRA) of 2005 approaches. Signed into law earlier this year to effect cuts in Medicare reimbursement, the DRA would slash reimbursement for many MRI procedures conducted in an outpatient setting.
The DRA has many operators of outpatient imaging centers wringing their hands over whether they can continue to do business in an environment in which revenues drop by as much as 30%. And perhaps no modality is as associated with entrepreneurial outpatient imaging as MRI.
Will the DRA lead to a widespread drop in MRI scanner purchasing? Or has much of the fear of the DRA's impact already been incorporated into MRI orders? Or will the cavalry somehow ride to the rescue at the 11th hour, with Congress overturning the legislation in a lame-duck session after the November 7 elections?
Whatever happens, one thing is certain: MRI vendors will continue to churn out new technology, and the halls of McCormick Place in Chicago will be the best place to see it. At this year's show, 3-tesla scanners will continue to claim their place as the new gold standard for clinical high-field imaging.
Also look for specialized scanners to garner attention. Breast MRI continues to make inroads as an adjunct to mammography, and several vendors will be introducing new image acquisition techniques and breast imaging accessories. Another market segment, orthopedic MRI with dedicated extremity scanners, has also been experiencing activity.
For a full rundown on new products and technologies to be shown on the technical exhibit floor, just click on the links below.
Disclosure notice: AuntMinnie.com is owned by IMV, Ltd.
Brian Casey
Editor in Chief
bcasey@auntminnie.com
Exhibitor Summaries
Aurora Imaging Technology
This North Andover, MA, developer of dedicated breast MRI systems will emphasize SpiralRODEO, a new image acquisition technique based on the company's RODEO (rotating delivery of excitation off-resonance) technology.
GE Healthcare
Look for GE Healthcare to emphasize recent introductions in its Signa HD scanner family, as well as new advancements that range from a technique designed to reduce motion artifacts to a method for assessing articular cartilage integrity.
Hitachi Medical Systems America
This Twinsburg, OH, company will demonstrate enhancements to its line of MRI scanners, ranging from the 1.5-tesla Echelon system to the Altaire, Airis Elite, and Airis II scanners.
Hologic
Hologic of Bedford, MA, will demonstrate a new version of the dedicated extremity MRI scanner that the company is selling in the U.S. through a partnership with Italian imaging vendor Esaote. The initiative is part of a program Hologic launched in 2006 to expand the company's emphasis from bone densitometry systems to a broader focus on skeletal health.
IES-Patient Comfort System
IES-Patient Comfort System of Hayward, CA, will roll out a line of mattress pads, knee wedges, and positioners designed to enhance advanced imaging scans while boosting patient comfort.
Invivo
Look for this Orlando, FL, company to discuss a new version of its DynaCAD computer-aided detection software for MRI studies.
Medrad
Contrast injector technology developer Medrad of Indianola, PA, will showcase a range of products in its RSNA booth, from a new radiofrequency coil for prostate imaging to a new offering that enables customers to move their contrast equipment wirelessly in the MRI suite.
MR Instruments
This Minneapolis developer of MRI coils and accessories will introduce a new transmit-and-receive head coil for 3-tesla scanners, as well as a parallel transceiver device for ultrahigh-field magnets.
ONI Medical Systems
Specialty orthopedic MRI developer ONI of Wilmington, MA, will highlight a new coil upgrade for its 1-tesla MSK Extreme scanner.
Philips Medical Systems
Look for Philips of Andover, MA, to promote recent advancements to its line of high-field MRI scanners, including the Achieva 3.0T and Achieva 1.0T scanners, and the Panorama 1.0T open scanner.
Resonance Technology
This developer of MRI-compatible patient audiovisual entertainment systems will use the 2006 RSNA conference to highlight recent enhancements to its CinemaVision product, and will introduce a new system for functional MRI (fMRI) studies.
Sentinelle Medical
Sentinelle was formed to commercialize products developed through research at Sunnybrook and Women's Health Sciences Centre in Toronto, and at the 2006 RSNA show the firm will demonstrate a new table dedicated to breast and interventional MRI studies.
Siemens Medical Solutions
In the MRI section of its RSNA exhibit, Siemens of Malvern, PA, will shine the spotlight on 3-tesla scanning, the company's ultrawide-bore 1.5-tesla system, and new scanning protocols for improving image quality by reducing motion artifacts.
Toshiba America Medical Systems
Toshiba will use the 2006 RSNA meeting as a springboard for the launch of the company's first 3-tesla MRI scanner. The Tustin, CA, company will also demonstrate new radiofrequency (RF) coil technology for its 1.5-tesla scanner, as well as new scanning sequences.
Road to RSNA 2006: MRI Preview - - November 1, 2006
AuntMinnie's Road to RSNA Newsletter is a 15-part daily preview of new offerings you can expect to see at RSNA 2006. The Road to RSNA Newsletter is sent on an opt-in basis to AuntMinnie.com members who signed up for the Breaking News mailing list. To unsubscribe from this mailing list, edit your user preferences here.
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Copyright 2006 AuntMinnie.com. All Rights Reserved.
Was unaware. Thanks
driver is stuck in a traffic jam on a Los Angeles freeway. Nothing is moving.
Suddenly a man knocks on the window. The driver rolls down his window and asks: "What's going on?"
"Terrorists have kidnapped Mel Gibson. They're asking for a $310 million ransom. Otherwise they're going to douse him with gasoline and set him on fire.
We're going from car to car, taking up a collection."
The driver asks: "How much is everyone giving, on average?"
"About a gallon".
What has this to do with IMCLONE???
Curiosity Kits(R) New "JBI" Wins "Dr. Toy's 100 Best Children's Products for 2006"
New "Junior Bureau of Investigation"(TM) Kits Uncover Great Reviews for This Holiday Season
ORLANDO, FL -- (MARKET WIRE) -- October 31, 2006 -- Action Products International, Inc. (NASDAQ: APII) announced the Curiosity Kits® Junior Bureau of Investigation "JBI" Evidence Kit has been selected as one of the 100 Best Children's Products for 2006 and one of the 10 Best Socially Responsible Products for 2006 by Stevanne Auerbach, PhD a.k.a. "Dr. Toy" who developed the program as a service to consumers who desire to purchase safe, affordable, educational oriented, stimulating toys and products for children. By evaluating toys and children's products with extensive training background, and over 35 years of experience evaluating, writing and speaking about toys and children's product "Dr. Toy's 100 Best Products" are carefully chosen from among thousands that Dr. Auerbach has reviewed at toy fairs, catalogs, and through many other sources, in addition to using extensive criteria she has developed over the years. The 15th Annual report is available in the online magazine, Dr. Toy's Guide, at www.drtoy.com.
Yes, it's that magical time of the year again when the Darwin Awards are
bestowed, honoring the least evolved among us. The truly dumbest people on the planet. Here then, are the glorious winners:
1. When his 38-caliber revolver failed to fire at his intended
victim during a hold-up in Long Beach, California, would-be robber James
Elliot did something that can only inspire wonder. He peered down the
barrel and tried the trigger again. This time it worked.....
And now, the honorable mentions:
2. The chef at a hotel in Switzerland lost a finger in a
meat-cutting machine and, after a little shopping around, submitted a
claim to his insurance company. The company expecting negligence sent
out one of its men to have a look for himself. He tried the machine and
he also lost a finger. The chef's claim was approved.
3. A man who shoveled snow for an hour to clear a space for his car
during a blizzard in Chicago returned with his vehicle to find a woman
had taken the space. Understandably, he shot her.
4. After stopping for drinks at an illegal bar, a Zimbabwean bus
driver found that the 20 mental patients he was supposed to be
transporting from Harare to Bulawayo had escaped. Not wanting to admit
his incompetence, the driver went to a nearby bus stop and offered
everyone waiting there a free ride. He then delivered the passengers to
the mental hospital, telling the staff that the patients were very
excitable and prone to bizarre fantasies The deception wasn't
discovered for 3 days.
5. An American teenager was in the hospital recovering from serious
head wounds received from an oncoming train. When asked how he received
the injuries, the lad told police that he was simply trying to see how
close he could get his head to a moving train before he was hit.
6. A man walked into a Louisiana Circle-K, put a $20 bill on the
counter, and asked for change. When the clerk opened the cash drawer,
the man pulled a gun and asked for all the cash in the register, which
the clerk promptly provided. The man took the cash from the clerk and
fled, leaving the $20 bill on the counter. The total amount of cash he
got from the drawer...$15. (If someone points a gun at you and gives
you money, is a crime committed?)
7. Seems an Arkansas guy wanted some beer pretty badly. He decided
that he'd just throw a cinderblock through a liquor store window, grab
some booze, and run. So he lifted the cinderblock and heaved it over
his head at the window. The cinderblock bounced back and hit the
would-be thief on the head, knocking him unconscious. The liquor store
window was made of Plexiglas. The whole event was caught on videotape.
8. As a female shopper exited a New York convenience store, a man
grabbed her purse and ran. The clerk called 911 immediately, and the
woman was able to give them a detailed description of the snatcher.
Within minutes, the police apprehended the snatcher. They put him in
the car and drove back to the store. The thief was then taken out of
the car and told to stand there for a positive ID. To which he replied,
"Yes, officer, that's her. That's the lady I stole the purse from."
9. The Ann Arbor News crime column reported that a man walked into a
Burger King in Ypsilanti, Michigan, at 5 a.m., flashed a gun, and
demanded cash. The clerk turned him down because he said he couldn't
open the cash register without a food order. When the man ordered onion
rings, the clerk said they weren't available for breakfast. The man,
frustrated, walked away.
******A 5-STAR STUPIDITY AWARD WINNER*****
10. When a man attempted to siphon gasoline from a motor home parked
on a Seattle street, he got much more than he bargained for. Police
arrived at the scene to find a very sick man curled up next to a motor
home near spilled sewage. A police spokesman said that the man admitted
to trying to steal gasoline and plugged his siphon hose into the motor
home's sewage tank by mistake. The owner of the vehicle declined to
press charges, saying that it was the best laugh he'd ever had.
In the interest of bettering human kind please share these with your
friends and family .. unless of course one of these 10 individuals by
chance is a distant relative or long lost friend. In that case be glad
they are distant and hope they remain so.
With each annual report filed its never ceases to amaze me how Damadian puts the blame on others. Even thoughy it is now too late I wonder if he even realizes this cming delisting can be laid right at his own feet.
Moving positively towards delisting is what I assume you mean. This company's day in the sun is over.
ImClone Systems took the spotlight on Wednesday, as the biotech company named financier Carl Icahn chairman and said four board members he was trying to oust, including the interim chief executive, would leave. The company also reported third-quarter earnings rose 85 percent, far better results than Wall Street projected.
Icahn owns about 14 percent of New York-based ImClone's outstanding shares, which gained $1.56, or 5.2 percent, to close at $31 on the Nasdaq. Volume of 5 million shares was more than 5 times average daily volume.
Shares continued edging up Thursday and Friday, closing out the week at $31.82.
ImClone Systems Duplicates Success:
Thursday October 26, 1:56 pm ET
On Oct. 25, Imclone Systems (Nasdaq: IMCL - News) released third-quarter earnings for the period ended Sept. 30.
Revenues missed analyst's estimates by 6.8%, while EPS exceeded the estimates by $0.20.
EPS increased 85.7% to $0.65 because of great top-line performance.
Revenues increased 41.5% primarily because of a large uptick in royalty revenue.
Gross margins declined 756 basis points on account of a huge increase in cost of manufacturing revenue.
Operating margins greatly improved thanks to robust revenue growth and restrained spending.
Cash increased 25.6% to $991.0 million.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. Q3 2006 Q3 2005 Change
Sales $162 $150.7 $106.5 41.5%
Net Profit -- $57.3 $31.0 85.2%
EPS $0.45 $0.65 $0.35 85.7%
Diluted Shares -- 91.9 92.1 (0.2%)
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 Q3 2005 Change*
Gross Margin* 75.29% 82.85% (7.6%)
Operating Margin 38.19% 24.65% 13.5%
Net Margin 38.06% 29.06% 9%
*Expressed in percentage points.
*Cost of manufacturing revenue assumed as COGS.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets Q3 2006 Q3 2005 Change
Cash + ST Invest. $991.5 $790 25.6%
Accounts Rec. N/A $66.5 N/A
Inventory $58.9 $73.2 (19.5%)
Liabilities Q3 2006 Q3 2005 Change
Accounts Payable N/A $40.2 N/A
Long-Term Debt $603.6 $600 0.6%
Learn the ways of the balance sheet.
Cash Flow Highlights
No cash flow statement provided. Boo!
--------------------------------------------------------------------------------
reserved.
Monday October 23, 7:10 pm ET
First U.S. PillCam(TM) COLON Study Results Revealed
YOQNEAM, ISRAEL--(MARKET WIRE)--Oct 23, 2006 -- Given Imaging Ltd. (NASDAQ:GIVN - News) today announced highlights of clinical data presented on PillCam(TM) Capsule Endoscopy at the Annual Scientific Meeting of the American College of Gastroenterology which takes place in Las Vegas, Nevada from October 20 to 25. Noteworthy presentations include data from the first U.S. trial studying PillCam(TM) COLON as well as a study validating a new index to measure small bowel mucosal activity.
ADVERTISEMENT
PillCam(TM) COLON
"Capsule Colonoscopy - An Interim Report of a Pilot Three Arm, Blinded Trial of Capsule Colonoscopy, Virtual Colonoscopy and Colonoscopy" - (Poster #784) Press Conference - Monday, October 23rd, 2006 at 12:30pm PDT
Led by Blair Lewis, M.D., Mount Sinai Medical Center, Douglas Rex, M.D., Indiana University Hospital, and David Lieberman, M.D., Oregon Health and Science University, the study evaluated 25 patients over the age of 50 who had not had a colonoscopy within the past five years or a family history of colon cancer. The patients underwent PillCam COLON followed by virtual colonoscopy and standard colonoscopy three weeks later. Investigators were blinded to the results. Of the 25 patients, 44% (n=11) had significant findings defined as at least one polyp measuring 6 mm or more than three polyps of any size, confirmed by standard colonoscopy (blinded or unblinded). PillCam COLON identified 64% or (n=7) of the significant polyps, virtual colonoscopy identified 55% (n=6) and blinded standard colonoscopy 82% (n=9). The investigators concluded that PillCam COLON is a promising new technology for visualizing the colon for polyps.
"PillCam COLON in Comparison with Standard Colonoscopy in the Detection of Polyps-Results from the First Prospective Multi-Center Study" - (Presentation #52) Press Conference - Monday, October 23rd, 2006 at 12:30pm PDT; Podium Presentation - Wednesday, October 25th at 8:30am PDT
A total of 91 individuals were enrolled in three Israeli centers, Rambam Medical Center, Hillel-Yaffe Medical Center and Bikur Holim Hospital; the results were evaluable in 84 cases. The patients all underwent capsule colonoscopy with the PillCam COLON and were all scheduled for traditional colonoscopies later in the day. Polyps of any size were found in 45 patients by either of the screening methods. PillCam COLON identified 76% (n=34) compared to 80% (n=36) by colonoscopy. Out of the 84 patients, approximately 24% (n=20) had significant findings, defined as at least one polyp measuring 6 mm or three or more polyps of any size. Of these, PillCam COLON identified 14 (70%) and colonoscopy 16 (80%). There were no adverse events reported except in one patient who had severe abdominal pain immediately following traditional colonoscopy. The colonic preparation was well tolerated in all cases.
The initial 44 subjects enrolled in the study received a single oral "booster" dose of sodium phosphate. The PillCam COLON capsule was excreted within 10 hours in 70% of the patients and reached various parts of colon in the other 30%. An additional dose of oral sodium phosphate was added to the regimen of the final 46 subjects to improve the capsule excretion rate. The PillCam COLON capsule in these patients was excreted within 10 hours in 78% of the patients and reached the rectosigmoid colon in the other 22%. Study investigators concluded that further improvements in the procedure will probably increase capsule examination completion and polyp detection rates.
PillCam(TM) SB
Capsule Endoscopy in Patients with Known IBD: Frequency of Findings, and Influence on Medical and Surgical Management are based on the indication for CE" (Poster #1085) - Tuesday, October 24th 12:15pm - 2:15pm PDT
Researchers at Mount Sinai Medical Center led by Stephanie Santos, M.D., conducted a study to determine how often PillCam SB identifies significant findings in inflammatory bowel disease (IBD) patients and whether those findings impacted the management of these patients. Sixty-nine (69) patients were grouped into one of three categories based on their indication for capsule endoscopy: Indeterminate colitis to rule out small bowel disease (IC), known Crohn's disease with unexplained symptoms (CD-Sx) or known Crohn's disease with obscure bleeding (CD-OB). The investigators concluded that PillCam SB findings and the associated changes in management were significantly more common in patients with known Crohn's disease with unexplained symptoms, or obscure bleeding, than in patients with indeterminate colitis. Overall PillCam SB led to a change in management in the majority of patients 59% (n=41), supporting its use in patients with IBD.
"Development and Validation of a Capsule Endoscopy Scoring Index for Small Bowel Mucosal Disease Activity: The Lewis Score" (Poster #689) - Monday, October 23rd 12:15pm - 2:15pm PDT
A team of seven investigators sought to develop and validate a simple, user-friendly PillCam capsule endoscopy scoring index to measure small bowel mucosal disease activity. Over a two year period, seven endoscopic variables were developed and evaluated including erythema; edema; nodularity, villous appearance; denuded mucosa, ulceration and stenosis. Additional index parameters measured include the number of lesions, the longitudinal extent of the disease, and ulcer shape and size. Based on a prospective review of forty (40) full length PillCam SB videos and ten (10) thumbnailed studies, the investigators concluded that the scoring index should include three variables; villous edema, ulceration and stenosis. The study also concluded that The Lewis Capsule Endoscopy scoring index may prove useful in measuring small bowel mucosal disease activity and serve as an objective scoring metric to measure small bowel disease states.
About PillCam COLON
PillCam COLON is the third video capsule to be developed and manufactured by Given Imaging Ltd. The Company expects to file for clearance of PiIlCam COLON with the U.S. Food and Drug Administration by the end of 2006. The capsule measures 11 mm by 31 mm -- roughly the size of a large vitamin pill. Since the lumen of the colon is wider than the small bowel and it is highly compartmentalized, the Company has integrated new features into PillCam COLON. The capsule has tiny cameras at each end which capture 4 images a second for up to 10 hours. Each camera contains automatic lighting control and captures more than twice the coverage area and depth of field of the PillCam(TM) SB capsule that is used to diagnose diseases in the small intestine. Pivotal multi-center trials are underway in Europe and the U.S.
BOSTON, Oct 25 (Reuters) - ImClone Systems Inc. (IMCL.O: Quote, Profile, Research) said on Wednesday it has no plans to sell the company.
Alex Denner, chairman of the newly formed executive committee designed to run the company while it seeks a new chief executive, said the company plans to focus on maximizing the value of its cancer drug Erbitux.
Denner told analysts on a conference call that Joseph Fischer, the outgoing chief executive, will receive severance pay of $650,000 and has agreed to cancel 100,000 stock options.
© Reuters 2006
American Airlines, Avis and Royal Sonesta Hotel Offering Special Discounts to Attendees
DALLAS, TX--(MARKET WIRE)--Oct 24, 2006 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) recently announced their Annual Town Hall to be held in New Orleans on December 7, 2006, at 3:30 pm CST. The Town Hall meeting will be held at the centrally located Royal Sonesta Hotel (http://www.sonesta.com/neworleans_royal/). In addition, NewMarket has arranged for discounted airfare on all flights to New Orleans on American Airlines from across the country between Dec. 5 - Dec. 10, 2006. To receive the discounted rate, attendees should go to www.aa.com or call American Airlines Group Services at 1-800-433-1790. When making your reservation, please use discount code "A64D6AO."
In addition to discounted rates with American Airlines, NewMarket has also arranged for discounted rates with Avis Rental Car and the Royal Sonesta Hotel. To book a car with Avis, please go to www.avis.com or call 1-800-331-1600. When making your reservation, please use Avis Worldwide Discount (AWD) number "J995226." To reserve a room at the Royal Sonesta Hotel, please mention "NewMarket" to receive the discounted rate of $149 per night. Reservations at the Royal Sonesta must be made by Nov. 6, 2006, to receive this special group rate.
At the Town Hall, the company will review 2006 performance, and plans to continue rapid growth in 2007 to $120 million in profitable annual revenue. The company will also discuss the proposed transaction with Action Products International, Inc. (NASDAQ:APII - News). Presentations will also include detailed information on the Company's global operations in Asia and Latin America. The role of the small and micro cap markets within NewMarket's overall vision to change current technology research and development practices will be featured in the presentations. NewMarket CEO Philip Verges "encourages shareholders to come enjoy New Orleans hospitality, get updated on the progress of NewMarket, and witness the redevelopment initiative underway in New Orleans."
After discussions with the City Government of New Orleans, NewMarket is aware of the multiple opportunities to be garnered by playing a leadership role in the economic redevelopment of New Orleans. Donna Addkison, New Orleans Director of Economic Development, will join NewMarket at the Town Hall to discuss the opportunities that exist throughout the city.
If you have any further questions, or would like to RSVP to the Annual Town Hall please contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
Talking Too Much Will Hurt You
Researchers warn that your sperm cell count may drop as your cell phone usage rises.
The U.S. Military Academy is fully accredited and graduates are awarded BS degrees in their major field.
October 23, 2006
Modification Turns Ultra-Short Nanotubes into Molecule-Like Drug Capsules
While most research aimed at developing carbon nanotubes as tumor-targeting drug and imaging agent delivery vehicles (click here for more information) has focused on full-length nanotubes, Lon Wilson, Ph.D., and his colleagues at Rice University have been working with ultra-short nanotubes that cells appear to take up more efficiently than their longer counterparts. Now, this group of investigators has developed a method for modifying ultra-short carbon nanotubes so that they do not aggregate into bundles, one of the major problems in using this material in biomedical applications.
Reporting its work in the journal Nanotechnology, the Rice team describes the chemical technique it developed to change the surface properties of ultra-short carbon nanotubes so that they take on a negative charge. Since two objects that each have a negative charge will repel one another, the nanotubes remain as individual entities in solution. This enabled the researchers to further modify the nanotubes so that they can link targeting agents, anticancer drugs, or imaging agents to the nanotubes. This second modification also helps the nanotubes dissolve better in water than unmodified ultra-short nanotubes.
The researchers note that ultra-short carbon nanotubes can be filled with drugs and imaging agents. In fact, this group reported last year that it had successfully loaded the MRI contrast agent gadolinium into ultra-short nanotubes (click here for earlier news story). With their new approach to creating nanotubes that do not aggregate, the investigators believe they have taken a significant step forward in their efforts to develop clinically useful agents for imaging and therapy.
This work is detailed in a paper titled, “Functionalization of individual ultra-short single-walled carbon nanotubes.” An abstract of this paper is available at the journal’s website.
View abstract.
WALL STREET JOURNAL NEWS ROUNDUP
October 23, 2006; Page B11
ImClone Systems Inc. said Friday that it has appointed billionaire investor Carl Icahn chairman of its board's CEO search committee.
Mr. Icahn has been a sharp critic of the company for, among other things, not hiring a new chief executive and has said its interim CEO, Joseph Fischer, shouldn't be given a long-term contract because of his lack of expertise at biotechnology companies.
ImClone also on Friday named Icahn nominee Peter S. Liebert to its board, filling a vacancy. The naming of Dr. Liebert, chief of pediatric surgery at Stamford Hospital in Stamford, Conn., is the latest step in Mr. Icahn's battle to take control of the New York biopharmaceuticals company.
Mr. Icahn, who has a nearly 14% stake in ImClone, was appointed to the board in August, along with three of his nominees, and is still seeking the removal of four directors. David Kies, former chairman, and William Crouse stepped down from the board earlier this month amid pressure from Mr. Icahn.
With Dr. Liebert on the board, Mr. Icahn and his associates now have five of ImClone's 11 board seats.
The company also said in a Securities and Exchange Commission filing on Friday that it has appointed David Sidransky as a member of the board's compensation committee.
I was in the Express Lane at the store, quietly fuming. Completely ignoring
the sign, the
woman ahead of me had slipped into the check-out line pushing a cart piled
high with groceries.
Imagine my delight when the cashier beckoned the woman to come forward,
looked into the cart and
asked sweetly, "So, which six items would you like to buy?"
Wouldn't it be great if that happened more often?!
***************************************
Because they had no reservations at a busy restaurant, my elderly
neighbor and his wife were told
there would be a 45 minute wait for a table. "Young man, we're both 90
years old," the
husband said. "We may not have 45 minutes." They were seated immediately.
****
The reason congressmen try so hard to get reelected is that they would hate
to have to make a
living under the laws they've passed.
****
All eyes were on the radiant bride as her father escorted her down the
aisle. They reached the
altar and the waiting groom; the bride kissed her father and placed
something in his hand. The
guests in the front pews responded with ripples of laughter. Even the
priest smiled broadly. As her
father gave her away in marriage, the bride gave him back his credit card.
****
Women and cats will do as they please, and men
and dogs should get used to the idea.
****
Three friends from the local congregation were asked, "When you're in your
casket, and friends and
congregation members are mourning over you, what would you like them to
say?"
Artie said, "I would like them to say I was a wonderful husband, a fine
spiritual leader, and a
great family man." Merle commented, "I would like them to say I
was a wonderful teacher and servant of God who made a huge difference in
peoples lives."
Don said, "I'd like them to say, 'Look! He's moving!'"
****
Gary climbs to the top of Mt. Sinai to get close enough to talk to God.
Looking up, he asks the Lord, " God, what does a million years mean to
you?"
The Lord replies, "A minute." Gary asks, "And what does a million dollars
mean to you?" The Lord replies, "A penny." Gary asks, "Can I have a
penny?"
The Lord replies, "In a minute."
****
A man goes to see the Rabbi. "Rabbi, something terrible is happening and I
have to talk to you about
it." The Rabbi asked, "What's wrong?" The man replied, "My wife is
poisoning me."
The Rabbi, very surprised by this, asks, "How can that be?"
The man then pleads, "I'm telling you, I'm certain she's poisoning me.
What should I do?" The Rabbi then offers, "Tell you what. Let me
talk to her. I'll see what I can find out and I'll let you know."
A week later the Rabbi calls the man and says.
"I spoke to your wife...spoke to her on the phone for
three hours. You want my advice?" The man said yes, and the Rabbi replied,
"Take the
poison!"
Another Clever NewMarket Deal
October 22nd, 2006
Technology incubator NewMarket Technology’s (NMKT.ob) merger announcement with toy firm Action Products International (APII) has caused some confusion about the valuation and logic of the transaction. However, the transaction is a canny way to get listed on NASDAQ and to try NewMarket’s strategy in another market segment.
The Deal Sleuth normally specializes in tracking bad deals, so when a good deal comes along, we usually don’t write about it . In NewMarket’s case, we were surprised that a pretty good deal got some very bad press and incorrect comments, and after some deliberation, we break with our custom and give credit where credit is due.
NewMarket describes its business as systems integration, and identifying new technologies and bringing them to market. So what will a systems integrator do with a toy manufacturer? Clearly, there is no strategic fit. But CEO Phillip Verges defines NMKT more as an incubator and is broadening the company’s scope far beyond systems integration. He asserts that the incubation process can be applied to non-tech products also. If this works, there is significant upside for NMKT in this deal. APII seems unable to continue as a stand-alone entity, but could be turned around with NewMarket’s incubation experience. Expect to see announcements about the spin-off of various toy brands into majority-owned subsidiaries. Clearly, this is a risky proposition, but given Verges’ track record and the favorable risk/reward ratio of applying its incubation process to consumer products, it is worth a try.
The seemingly inflated $100 million valuation of NMKT has caused some bewilderment. If NMKT is valued at $0.50 per share for the purpose of the transaction, for a market cap of $100 million (give ortake a few million), while APII has a market cap of $11 million, then former NMKT shareholders will own approximately 91% of the combined firm, while former APII shareholders will own the remaining 9%. The $0.50 cent/share valuation does not mean that NMKT is actually worth $100 million; it is simply a mathematical (artifice?) that limits dilution and creates the negotiated post-merger ownership structure. Verges can be criticized for his convoluted description of what amounts to a simple cap in the exchange ratio. But as the comments from some baffled shareholders show, a lengthy explanation is needed.
Finally, there is one hidden gem in APII: its recent announcement of a $5.1 million award in a lawsuit against Hong Kong toy maker Lung Cheong. It is likely that Lung Cheong will appeal, and it may take a few years for the cash to come to NMKT. But thanks to the recent growth in the litigation funding industry, NMKT may well be able to monetize the award in the event that it needs cash urgently. Terms would be much more favorable than if a microcap like NMKT were to go through other capital market channels to raise funds.
The result of the merger is that NMKT will give away no more than 10% of its equity valued at some $11 million, and in return get a shot at trying its incubation process on a portfolio of toy brands, a $5.1 million legal award, and a NASDAQ listing. This is yet another example of Verges’s cunning dealing and wheeling.
Disclosure: The author is long shares of NewMarket Technology Inc.
Posted by thedealsleuth
Still didn't answer the question. Why do you post here. Are you a shareholder or just a nusance??
What would you do?....you make the choice. Don't
look for a punch line, there isn't one. Read it
anyway. My question is: Would you have made the same
choice?
At a fundraising dinner for a school that serves
learning-disabled children,the father of one of the
students delivered a speech that would never be
forgotten by all who attended. After extolling the
school and its dedicated staff, he offered a
question: "When not interfered with by outside
influences, everything nature does is done with
perfection. Yet my son, Shay, cannot learn things as
other children do. He cannot understand things as
other children do. Where is the natural order of
things in my son?"
The audience was stilled by the query.
The father continued. "I believe,that when a child
like Shay, physically and mentally handicapped comes
into the world, an opport unity to realize true human
nature presents itself, and it comes in the way
o ther people treat that child."
Then he told the following story:
Shay and his father had walked past a park where
some boys Shay knew were playing baseball. Shay
asked, "Do you think they'll let me play?" Shay's
father knew that most of the boys would not want
someone like Shay on their team, but the father also
understood that if his son were allowed to play, it
would give him a much-needed sense of belonging and
some confidence to be accepted by others in spite of
his handicaps.
Shay's father approached one of the boys on the
field and asked (not expecting much) if Shay could
play. The boy looked around for guidance and said,
"We're losing by six runs and the game is in the
eighth inning. I guess he can be on our team and
we'll try to put him in to bat in the ninth inning."
Shay struggled over to the team's bench and, with abroad smile, put on a t=
eam shirt. His Father watched
with a small tear in his eye and warmth in his
heart. The boys saw the father's joy at his son
being accepted. In the bottom of the eighth inning,
Shay's team scored a few runs but was still behind
by three. In the top of the ninth inning, Shay put
on a glove and played in the right field. Even
though no hits came his way, he was obviously
ecstatic just to be in the game and on the field,
grinning from ear to ear as his father waved to him
from the stands. In the bottom of the ninth inning,
Shay's team scored again. Now, with two outs and the
bases loaded, the potential winning run was on base
and Shay was scheduled to be next at bat.
At this juncture, do they let Shay bat and give away
their chance to win the game ? Surprisingly, Shay
was given the bat. Everyone knew that a hit was all
but impossible because Shay didn't even know how to
hold the bat properly, much less connect with the
ball.
However, as Shay stepped up to the plate, the
pitcher, recognizing that the other team was putting
winning aside for this moment in Shay's life, moved
in a few steps to lob the ball in softly so Shay
could at least make contact. The first pitch came
and Shay swung clumsily and missed. The pitcher
again took a few steps forward to toss the ball
softly towards Shay. As the pitch came in, Shay
swung at the ball and hit a slow ground ball right
back to the pitcher.
The game would now be over. The pitcher picked up
the soft grounder and could have easily thrown the
ball to the first baseman. Shay would have been out
and that would have been the end of the game.
Instead, the pitcher threw the ball right over the
first baseman's head, out of reach of all team
mates. Everyone from the stands and both teams
started yelling, "Shay, run to first! Run to first!"
Never in his life had Shay ever run th at far, but he
made it to first base. He scampered down the
baseline, wide- eyed and startled.
Everyone yelled, "Run to second, run to second!"
Catching his breath, Shay awkwardly ran towards
second, gleaming and struggling to make it to the
base. By the time Shay rounded towards second base,
the right fielder had the ball ... the smallest guy
on their team who now had his first chance to be the
hero for his team. He could have thrown the ball to
the second-baseman for the tag, but he understood
the pitcher's intentions so he, too, intentionally
threw the ball high and far over the third-baseman's
head. Shay ran toward third base deliriously as the
runners ahead of him circled the bases toward home.
All were screaming, "Shay, Shay, Shay, all the Way
Shay"
Shay reached third base because the opposing
shortstop ran to help him by turning him in the
direction of third base, and shouted, "Run to third!
Shay, run to third!"=20
As Shay rounded third, the boys from both teams, and
the spect ators, were on their feet screaming, "Shay,
run home! Run home!"Shay ran to home, stepped on the
plate, and was cheered as the hero who hit the grand
slam and won the game for his team.
"That day", said the father softly with tears now
rolling down his face, "the boys from both teams
helped bring a piece of true love and humanity into
this world".
Shay didn't make it to another summer. He died that
winter, having never forgotten being the hero and
making his father so happy, and coming home and
seeing his Mother tearfully embrace her little hero
of the day!
AND NOW A LITTLE FOOTNOTE TO THIS STORY: We all send
thousands of jokes through the e-mail without a
second thought, but when it comes to sending
messages about life choices, people hesitate. The
crude, vulgar, and often obscene pass freely through
cyberspace, but public discussion ab out decency is
too often suppressed in our schools and workplaces.=20
If you're thinking about forwarding this
message,chances are that you're probably sorting out
the people in your address book who aren't the
"appropriate" ones to receive this type of message.
Well, the person who sent you this believes that we
all can make a difference. We all have thousands of
opportunities every single day to help realize the
"natural order of things." So many seemingly trivial
interactions between two people present us with a
choice: Do we pass along a little spark of love and
humanity or do we pass up those opportunities and
leave the world a little bit colder in the process?
A wise man once said every society is judged by how
it treats it's least fortunate amongst them.
You now have two choices:
1. Delete
2. Forward=20
May your day, be a Shay Day.
You are entitled to your opinion and you state it plainly. OK. Then why are you posting here?? Trying to protect those of us who don't at all share your opinion???
What Religion is Your Bra?
A man walked into the ladies department of a Macy's and shyly walked up to the woman behind the counter and said, "I'd like to buy a bra for my wife.< "What type of bra?" asked the clerk. " Type?" inquires the man, "There's more than one type? "Look around," said the saleslady, as she showed a sea of bras in every shape, size, color and material imaginabl e.
"Actually, even with all of this variety, there are really only four types of bras to choose from ." Relieved, the man asked about the types. The saleslady replied: There are the Catholic, the Salvation Army, the Presbyterian, and the Baptist types. Which one would you prefer?
Now totally befuddled, the man asked about the differences between them. The Saleslady responded, "It is all really quite simple..
The Catholic type supports the masses. The Salvation Army type lifts the fallen, The Presbyterian type keeps them staunch and upright, and The Baptist makes mountains out of mole hills.
Have you ever wondered why A, B, C, D, DD, E, F, G, and H are the letters used to define bra sizes? If you have wondered why, but couldn't figure out what the letters stood for, it is about time you became informed!
(A} Almost Boobs... {B} Barely there. {C} Can't Complain! {D} Dang! {DD} Double dang! {E} Enormous! {F} Fake. {G} Get a Reduction.</ SPAN> {H} Help me, I've fallen and I can't get up !
Send this to all that will appreciate it! They forgot the German bra. Stopzemfromfloppen!
Jim and Edna were both patients in a mental hospital.
One day while they were walking past the hospital swimming pool, Jim suddenly jumped into the deep end. He sank to the bottom of the pool and stayed there.
Edna promptly jumped in to save him. She swam to the
bottom, pulled Jim out and brought him to his room.
When the hospital director became aware of Edna's heroic act, she immediately ordered that Edna be discharged from the hospital because she now considered Edna to be mentally stable.
She went to Edna and said, "I have some good news and some bad news.
The good news is that you're being discharged
because you responded so rationally to a crisis.
By jumping in the pool to save the life of another patient, you displayed sound mindedness..
The bad news is that Jim, the patient you saved,
hung himself in his bathroom with his bathrobe belt right
after you saved him. I am so sorry, but he's dead."
Edna replied, "He didn't hang himself.
I put him there to dry.
How soon can I go home?"
and you base your scurrilous opinion on what???
Yes I do. Go to their board. Your question is out of place here.
Life Cycle Reversal
WHAT A CONCEPT . . .
I think the life cycle is all backwards. You should start out dead, get it out of the way. You wake up in an old age home, feeling better every day. You get kicked out for being too healthy, go collect your pension, then, when you start work, you get a gold watch on your first day.
You work 40 years until you're young enough to enjoy your retirement. You drink alcohol, you party, you're generally promiscuous and you get ready for High School.
You go to primary school, you become a kid, you play, you have no responsibilities, you become a baby, then, you spend your last 9 months floating peacefully with luxuries like central heating, spa, room service on tap, larger quarters everyday, and then you finish off as an orgasm.
It's got to be better this way 'cause this getting old sucks!
NewMarket Technology, Inc. Posts Letter to Shareholders on Corporate Website
NewMarket CEO Discusses Mutual Benefits of Proposed Transaction with Action Products International
DALLAS, TX, October 19, 2006 – NewMarket Technology, Inc., (OTCBB:NMKT) today announced that a Letter to Shareholders was posted on the Company's website (www.newmarkettechnology.com) regarding the recently announced non-binding Letter of Intent (LOI) between NewMarket Technology and Action Products International, Inc. (NASDAQ:APII).
In the letter, Philip Verges, CEO of NewMarket Technology, discusses the significant expected benefits to both companies and their shareholders should the current LOI progress to a completed transaction. Both NewMarket Technology and Action Products are interested in informing their respective shareholders of the financial intricacies of the current LOI, along with the future potential of the combined companies.
Philip Verges, CEO and Chairman of NewMarket Technology, and Ron Kaplan, CEO and Chairman of Action Products International, conducted an audio webcast on Wednesday, October 18, 2006, to review the details and mutual benefits of the transaction. They also addressed pre-submitted shareholder questions and concerns regarding the LOI.
The webcast has been archived by Vcall and is available for replay on NewMarket Technology's website at www.newmarkettechnology.com.
The webcast can also be accessed at http://www.vcall.com/IC/CEPage.asp?ID=110228.
Shareholders and interested investors who would like to be added to NewMarket's corporate e-mail list for press releases and updates should send an e-mail to ir@newmarkettechnology.com.
Dear Shareholders, Investors, High-Tech Enthusiasts, and Entrepreneurs,
Please receive our big news as it is intended – a celebration of entrepreneurial ventures, and a celebration of what is possible through the small business public markets. Start-ups can succeed and good things can come from Penny, OTC, Bulletin Board and Junior exchanges. Call an entrepreneur today and tell them you believe they can succeed. Then look up a small business exchange on the web and read until you learn something you didn’t know. More than 50% of the U.S.GDP comes from small business and small business employs most of the world’s workers. We need entrepreneurs and we need small business public capital markets.
From everyone at NewMarket, we thank you for celebrating with us,
Philip Verges
CEO
NewMarket Technology, Inc
Deloitte Releases 2006 Fast 500
NewMarket Technology, Inc (OTCBB:NMKT)
· Ranked 3rd Fastest Growing in U.S.
· Ranked 5th in All North America
· $50 Million Audited 2005 Profitable Revenue
· 30% More Revenue than Any Firm in Top 5
· $70 Million 2006 Profitable Revenue Forecast
Tony Kern,
Deputy Managing Principle of Deloitte Technology,
Media & Telecommunications industry practice
“Deloitte’s Texas Technology Fast 500 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment. The fastest growing Texas-based company, NewMarket Technology, is also the third fastest growing United States-based company. We applaud the successes of NewMarket Technology and acknowledge it as one of 46 companies in Texas to accomplish such a fast growth rate over the past five years.”
This is in Japanese, but even without understanding the language you can see the action. It builds up to an amazing ending…….call it illusion, call it magic…..just ENJOY!
http://video.google.com/videoplay?docid=-2529961995820609070
?"Who's (Hu`s) On First" -- new version.
George:?? Condi!? Nice to see you.? What's happening?
Condi:?? Sir, I have the report here about the new leader of China.
George:?? Great.? Lay it on me.
Condi:?? Hu is the new leader of China.
George:?! ? That's what I want to know.
Condi:?? That's what I'm telling you.
George:?? That's what I'm asking you? Who is the new leader of China?
Condi:?? Yes.
George:?? I mean the fellow's name.
Condi:?? Hu.
George:?? The guy in China.
Condi:?? Hu.!
George:?? The new leader of China.
Condi :?? Hu.
George:?? The main man in China!
Condi:?? Hu is leading China! .
George:?? Now whaddya' asking me for?
Condi:?? I'm telling you, Hu is leading China.
George:?? Well, I'm asking you.? Who is leading China?
Condi:?? That's the man's name.
George:?? That's who's name?
Condi:?? Yes.
George:?? Will you, or will you not, tell me the name of the new leader of China?
Condi:?? Yes, sir.
George:?? Yassir?? Yassir Arafat is in China?? I thought he's dead in the Middle East.
Condi:?? That's correct.
George:?? Then who is in China?
Condi:?? Yes, sir.
George:?? Yassir is in China?
Condi:?? No, sir.
George:?? Then who is?
Condi:?? Yes, sir.
George:?? Yassir?
Condi:?? No, sir.
George:? Look Condi.? I need to know the name of the new leader of China.? Get me the Secretary General of the U.N. on the phone.
Condi:?? Kofi?
George:?? No, thanks.
Condi:? You want Kofi?
George:?? No.
Condi:?? You don't want Kofi.
George:? No.? But now that you mention it, I could use a glass of milk.? And then get me the U.N.
Condi:?? Yes, sir.
George:? Not Yassir!? The guy at the U.N.
Condi: Kofi?
George:? Milk!? Will you please make the call?
Condi:? And call who?
George:? Who is the guy at the U.N?
Condi:?? Hu is the guy in China
George:?? Will you stay out of China?!
Condi:?? Yes, sir.
George:?? And stay out of the Middle East!? Just get me the guy at the U.N.
Condi:? Kofi.
George:? All right!? With cream and two sugars.
?
.
I recently picked a new primary care physician. After two visits and
exhaustive lab tests, he said I was doing "fairly well" for my age.
A little concerned about that comment, I couldn't resist asking him, "Do
you think I'll live to be 80?"
He asked, "Do you smoke tobacco or drink beer or wine?"
"Oh no," I replied. "I'm not doing drugs, either."
Then he asked, "Do you eat rib-eye steaks and barbecued ribs?"
I said, "No, my other doctor said that all red meat is very unhealthy!"
"Do you spend a lot of time in the sun, like playing golf, sailing,
hiking, or bicycling?" "No, I don't," I said.
He asked, "Do you gamble, drive fast cars, or have a lot of sex?"
"No," I said. "I don't do any of those things."
He looked at me and said, "Then why do you give a shit?"
NMKT: The Pros and Cons of NewMarket's New Deal
Wednesday, October 11, 2006 20:04ET
On Tuesday, 10/10/06, shares of NewMarket Technology (NMKT) jumped +13% after reporting the execution of a non-binding LOI to be acquired by Action Products (APII) in an all-stock transaction that...in reality, would result in a "reverse merger" with APII's toy business becoming an operating subsidiary of the parent...to be subsequently renamed "NewMarket Technology" and run by the current NMKT management team. Although the deal calls for NMKT's stock to be valued at $0.50/shr (or more), NMKT closed Wednesday's session at $0.30, down -7.6%. Whether the market is confused or skeptical is unclear, but the deal structure does deserve a little explanation.
So, what does a traditional toy-maker have to do with a technology incubator? At first glance, not much...but if the deal didn't benefit both sides it probably wouldn't have gotten this far. Let's take a look.
APII: This 30-year old, family-run toy business has recently struggled for profitability to no avail, and with little or no sales growth. This deal follows a 2-year, -50% stock price decline and a series of senior management departures. In Sep-06, the company's CFO resigned, and in Jul-06, APII dismissed Lawrence Bernstein, PR/COO, just months after the former Hasbro executive was brought on board to help turn around sales. APII might just be looking for a spark to help grow its business without the public company headaches. A quick glance at the deal details does show that APII hopes to use this transaction to protect and improve shareholder value.
NMKT: On the other hand, NMKT has been executing an aggressive "sales growth through acquisition" strategy. NMKT's sales have grown from $2.3M in 2003 to $63.7M for the trailing 12-months, and now, NMKT projects $100-120M in revenues for 2007. All along, NMKT has reported increasing net income and currently sports a low P/E ratio of 10. But here's the catch...NMKT has accomplished its acquisition growth through the issuance of stock and now sits below the Nasdaq $1 minimum share price listing requirement with over 200M fully diluted shares outstanding. CEO, Philip Verges, has indicated that NMKT can no longer afford to continue issuing its stock for acquisitions while the stock price lags its fundamental merits due to an "OTCBB listing stigma." Mr. Verges has also indicated that a Nasdaq (or AMEX) listing may help bring NMKT the valuations it "deserves."
So, who wins? Of course, only time will tell, but both sides probably feel that this deal is a "win-win". There are a lot of factors at work here, but the following bullet points represent just a few "pros and cons" as we see them.
APII - Pros and Cons:
PRO: APII becomes part of a larger, profitable and growing enterprise.
PRO: *Shareholders keep their $3.25 warrants (currently out-of-the-money).
PRO: Common shareholders have option to convert to a $6 par Preferred Stock.
PRO: Preferred converters will be entitled to a 5% dividend, or $0.30/shr.
CON: *Shareholders are diluted 80-90% and give up control to NMKT.
CON: *The new stock may never reach the $3.25 or $6.00 strikes (wts/pfd).
CON: Will NMKT be able to pay the $1.5M in annual preferred dividends?
CON: Without a quick turnaround, NMKT may cast-off an unprofitable toy biz.
NMKT - Pros and Cons:
PRO: NMKT gets (and hopefully maintains) a long awaited Nasdaq listing.
PRO: Shareholders get a +72% premium at $0.50 per share (in APII shares).
PRO: NMKT gets the "recap" they need without the dreaded reverse split.
PRO: *NMKT may reap a $17M+ cash infusion if APII exercises $3.25 warrants.
CON: *Depending on warrant exercises, NMKT may see dilution from 10-20%.
CON: APII's losses and dividend obligations may hurt NMKT's profitability.
CON: Toy making is a big diversion from NMKT's technology incubation model.
CON: Lot of hurdles ahead for a non-binding deal without market respect.
*Dilution Note: The actual dilution involved in this deal could vary due to a number of factors. Obviously the ensuing share prices of both stocks will impact final ownership percentages, but a big contributing factor is the APII warrants. Prior to this deal, APII shareholders were issued approx 5.2M 2-yr warrants exercisable up to $3.75/shr. At current share price levels and excluding the exercise of these warrants, NMKT would control approx 89.5% and APII would control approx 10.5% of the new company. Now, if the new company's share price gets above $3.25-3.75 and these warrants are exercised, NMKT would give up another 8.5%, BUT the company would receive a big cash infusion between $16.9-19.5M. Not a bad scenario.
So, what's next? For this deal to truly be a "win-win", the most important factor may be a sustained and elevated stock price for both APII and NMKT. Secondly, many hurdles exist including: APII shareholder approval (including a req'd increase in shares authorized to accommodate the near 50M share issuance); NMKT shareholder approval; and, Nasdaq listing scrutiny. If the recent NMKT "PR" activity is any indication, NMKT's management seems dead-set on getting this deal done. And if history is any indication, NMKT has completed many deals over the last few years and they just might pull this one off too...But to the satisfaction of everyone involved?
Knobias, Inc. has received monetary compensation from the above company for services rendered as part of the Knobias Media Package. Please refer to the "Media Package Disclaimer."
THIS IS HILARIOUS!
DO NOT SAVE - PASS ON
A man takes the day off work and
decides to go out golfing.
He is on the second hole when he
notices a frog sitting next to
the green.
He thinks nothing of it and is
about to shoot when he
hears, R ibbit 9 Iron."
The man looks around and doesn't
see anyone. Again, he
hears, "Ribbit 9 Iron." He looks
at the frog and decides to
prove the frog wrong, puts the
club away, and grabs a 9 iron.
B oom!
He hits it 10 inches from the
cup. He is shocked. He says
to the frog, "Wow that's amazing.
You must be a lucky frog, eh?
The frog replies, "Ribbit Lucky frog."
The man decides to take the frog
with him to the next hole.
"What do you think frog?" the
man asks. "Ribbit 3 wood."
The guy takes out a 3 wood and,
Boom! Hole in one. The
man is befuddled and doesn't know
what to say. By the end
of the day, the man golfed the
best game of golf in his life and
asks the frog, "OK where to next?"
The frog replies, "Ribbit Las Vegas.
" They go to Las Vegas
and the guy says, "OK frog, now
what?" The frog says, "Ribbit Roulette" Upon
approaching the roulette table, The man
asks, "What do you think I should
bet?" The frog replies, "Ribbit
$3000, black 6."
Now, this is a
million-to-one shot to win, but
after the golf game the man
figures what the heck.
Boom! Tons of cash comes sliding back across the table.
The man takes his winnings and
buys the best room in the
hotel. He sits the frog down and
says, "Frog, I don't know how to repay you.
You've won me all this money and
I am forever grateful."
The frog replies,
"Ribbit KissMe."
He figures why not,
since after all the frog did for
him, he deserves it. With a
kiss, the frog turn s into a
gorgeous 15-year-old girl. "And that,
your honor, is how the girl
ended up in my room. So help me God
or my name is not William Jefferson Clinton."
The origination of this letter is
unknown, but it brings
good luck to everyone who passes
it on. The one who breaks the
chain will have bad luck. Do
not keep this. Do not send money.
Just forward it to five of your
friends to whom you wish good luck.
You will see that something good
happens to you four MINUTES
from now if the chain is not broken.
YOU WILL RECEIVE GOOD LUCK IN
FOUR MINUTES