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Thanks Marie, just read the SEC PR listing their charges against USXP.
This CEO has such a high profile that, should the SEC prevail, he will probably go to jail.
WHOOOeeee, I now have an empty space on my radar screen...:)
Marie, do you have details?eom
GZFX, up about 27% at .13...Move up from .102.
USXP, on huge volume and thousands of trades, it gapped down 100% at the opening to .02 and is now .035.
Haven't figured out what's going on yet....:)
RVIA news...........
ROANOKE, Texas, Mar 25, 2004 (BUSINESS WIRE) --
REVA Inc. (OTCBB: RVIA) announced today that it has signed a Letter of Intent to acquire Ideal Solutions, an Oklahoma based company specializing in wireless communications. Pursuant to their agreement, Ideal Solutions will become an independent business unit under the REVA, Inc. corporate umbrella.
The acquisition broadens the range of REVA's Wireless services into Oklahoma and the Midwest and provides an additional $30,000 per quarter operating revenue base. Ideal currently serves more than 500 subscribers and has a potential subscriber base of more than 12,500 end-users in an approximate 750 square mile area. REVA, Inc. CEO, James E. Ontiveros stated, 'REVA intends to develop a wireless network in Oklahoma designed with the latest in wireless technology and allowing for the most secure and dependable network available. This acquisition brings additional markets and revenue to further secure our next milestone into the rural heartland of the Midwest.'
Headquartered in Lindsay, Oklahoma, the company provides high speed wireless Internet services to two cities and multiple communities spanning 3 counties in Central Oklahoma, including Garvin, McClain and Grady. The Ideal Solutions business model is very similar to that of REVA, providing wireless technology and Internet Services to residential and commercial users in rural and semi-rural areas, where broadband is limited or non-existent.
Ideal Solutions will be acquired through a combination of REVA, Inc.'s restricted stock, cash and other considerations. REVA's wireless services currently serve more than 1000 subscribers in over 20 communities throughout Texas.
Current Business Information:
Historically a developer and manufacturer of video compression, security and surveillance and tele-health monitoring systems, REVA, Inc. merged with BOLD Communications Network in October, 2003 and expanded its business model into the Wireless Internet industry. The Company's remote video communication products can transmit, via compression, video, audio, and data over various communications media at speeds that exceed those of its competitors. REVA's new business model provides an ideal distribution channel for its video compression products by offering these products to its wireless subscribers in rural and semi-rural areas, where broadband services are limited or non-existent.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties including, without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.
SOURCE: REVA, Inc.
REVA, Inc. Marian Folds, 866-491-8385 http://www.reva.tv
USXP news......
No one can accuse this CEO of being lazy...:)
NEW YORK, Mar 24, 2004 /PRNewswire-FirstCall via COMTEX/ --
Universal Express, Inc. (OTC Bulletin Board: USXP), today requested that the long-sought hearing and lawsuit with the agency empowered to protect thousands of companies from naked short-selling, stand before a Florida judge.
'I welcome the hearing that is long overdue. Ever since USXP received $590,000,000 of 'short-selling'judgments that demonstrated inefficiency on the part of the SEC, they have retaliated against our Company, which has grown to over $200,000,000 in sales from no revenues and $54,000,000 in debt paid- off,'stated, Richard A. Altomare, President &CEO of Universal Express.
Mr. Altomare continued, 'At a time when America is prioritizing jobs, this fine Company has grown to over 6,500 employees from only 3 -- and that's the Company our appointed regulators have decided to question. This one they will lose. They owe the stockholders of USXP $590,000,000 -- they know it, and a jury trial will prove it.
'There has been nothing but integrity and hard-working American efforts with complete compliance on the part of this Company during our 14 years of development, with never a question from the SEC for 14 years.
'As Al Capone infiltrated the Chicago Police Department, I contend that the organized crime efforts of naked short sellers are not above influencing SEC lower-paid employees. Should Universal Express experience any financial damages from bureaucrats gone awry, our proactive lawsuit, which we filed on March 2, will seek additional damages.
'If the SEC wishes to intimidate, eliminate or frighten companies that are the core of America's future capitalist system, they picked the wrong company, wrong CEO and wrong issue to think we'll blink.
'Let's stay focused on the message of our President and the Democratic nominee, jobs, corporate governance and integrity. This lawsuit is designed to shed light on the integrity of the foxes that have been empowered to guard the hen house. Not the hens being bullied by the foxes!
'When someone or some company is sued by the Security Exchange Commission, there is always a concern, I understand that. I grew up in the same America that believes in the integrity of our institutions. After years of SEC governmental abuse, we called for the judicial branch of our government to protect our 38,000 shareholders, our employees, investors and all other small public businesses from the naked short-selling scandal that remains the issue -- not some press releases and fundings that are perfectly accurate,' concluded Mr. Altomare.
Marie, you may be in for a ride with JRVR...
Incredibly high volume today.
IMO, check it before the opening bell tomorrow, but I wouldn't be surprised to see it gapping up....
Marie, weren't you in XKEM a while back?
When they did their 1:3000 RS last year I did some DD on it and came up with a post-split bottom/bounce price of .009.
As you may know, so far, the post-split price movement has been running against the odds and I have been been left with some egg on my face.
Couple of very nice spikes though...
Now, at .067, the PPS seems to finally moving as I expected it to.
Regardless of what the company is doing, the OS is still VERY low, making the PPS very volatile and it could be in for another very nice bounce..........watch the charts for an indicator.
Yeah, they can't take my bragging-rights..also...
It seems that Brokers have to report the money they pay you, but not the money you pay them.
That means the IRS sees your profits, but not your losses.
At least, when I was still trying to reason with them, that's what they told me.
As they say, "everything is a game........but golf is serious!"
Well, the porn cops is a joke, but the IRS isn't.
They already snatched my bank account once.(last year)
It's all a hangover from those wild tech markets of 1999 and turning profits into more profits......and throwing caution to the wind.
A hard, but effective way to learn....:)
Thanks Marie, but I offset it with...........
porn....:)
Now, I think the porn cops as well as the IRS are after me..
I have to install an acid-bath to dump on my harddrive at the push of a button......then, no evidence.....:)
PTSC, at .109, up 9% today, is still looking strong, even in light of the run from a nickel in one day a couple of weeks ago.
I expect any news about their pending lawsuits to push the PPS even more.
Marie, more about JRVR....
Their last 10Q showed only 24M OS, but then they issued another 40M,(S-8)....
Usually, in the Pennies, this means Management is dumping stock and getting rich, but that doesn't appear to be the reason here.
They they closed on an acquisition, for which they paid 20M shares.(8-K).
Now the OS is about 44M, still low for a Pennystock.
This acquisition is apparently what's pushing the PPS up.
I hope you get a good ride.
Marie, HUMPA HUMPA, MAN here!......
Let me see, you bought a penny stock,(literally), that is now showing at least a 52% increase...
The chart looks extremely good and I seen no peak,(should be looked at after the close today)....
And you're worried about PRs??????
HMMMM, me thinks ya'll just bragging....:)
Good pick!
Remember, don't fall in love with a Pennystock.
Watch for your exit and take your profits....
good luck.
A very good article on naked shorting & CDs......
Naked Shorts on Earth
Published: 3/23/2004 by Tastes Like Chicken
Greetings, cuz!
No, I have no pictures of Martha behind bars, and I am shocked that you would even want to see such a thing!
Yes, I know what a floorless convertible is.
No it is not a rusted out 1958 Chevrolet that covers you with water from under the dashboard if you drive through a puddle.
Once again, these stock market people have their own little language. I think they obfuscate things on purpose, but hey, what do I know?
Grab a snack and relax, and let's start at the beginning.
Don't skip over any of this, OK? Your girlfriend gets naked somewhere in the middle, and you don't want to miss that, right?
A "floorless convertible" is a kind of bond.
A bond is a "note" or "debt instrument" issued by a company in exchange for money.
The company borrows money from the person they issue the bond to, in exchange for a promise to pay that money back, usually with interest.
Yes, it's just like an "IOU". The company owes the bondholder money.
The purchaser of the bond receives principal or interest payments (or both). Some bonds are "secured" by assets of the company, and some are not.
A secured bond allows the holder of that bond to lay claim to the assets of the company if the company fails to meet its obligation to pay the promised principal or interest on the bond.
A debenture is an unsecured bond.
Unlike a secured bond, a debenture is not secured by company assets, and the holder is not entitled to claim any assets of the company if the company defaults on the note.
One particular debenture has a very creative feature attached to it.
A convertible debenture means the bond can be changed, or "converted" from one form to another form. The most common form of change is conversion into common stock.
There are advantages and disadvantages to the company when it issues a convertible debenture. Advantages include the ability to raise money without issuing additional stock (thus avoiding immediate dilution of the stockholder's earnings per share), and the ability to issue the debenture at a lower interest rate than another form of bond, because the purchaser will accept a lower interest rate for the privilege of converting the debenture into common stock at some point in the future.
Disadvantages to the company include a higher taxable income, dilution of stockholder earnings, and a potential shift in specific shareholder's control of stock (and their control of the company) when the conversion takes place.
Conversion takes place according to the "conversion ratio"; debenture value X is converted into Y shares of common stock.
The number of shares to be received in the conversion is governed by a formula. Usually, the convertible security is exchanged for common stock of the issuer at the holder's request by dividing the face value of the debenture by a market price of the common stock that is discounted at the time of the conversion.
Now to the specific convertible debenture you asked about:
A floorless convertible debenture has a "floating" exchange rate built into the conversion agreement. The conversion rate (number of shares the debenture can be converted into) is "adjusted" to convert to more shares acquired (per dollar of investment) in the event the price of the stock goes down between the time the debenture is issued and the time when it is converted into stock. The lower the stock price goes, the more shares the holder of the debenture gets for his or her note.
It's called "floorless" because there is no "bottom" to the lower price of the stock. Stocks can turn out to be worthless, as we all know.
Well, most of us, anyway.
Here's a very simplified example of how a "floorless" conversion might work:
Nifty Alien Reptiles from Flamfoozie (ticker symbol NARF) issues a floorless convertible debenture with an interest rate of 2% simple interest per year to your sweetheart, Snookiepoo.
On April 1, 2004, the stock of NARF is trading at 1000 Intergalactic Credits per share. On April 1, 2004, Snookiepoo gives the company 1000 Intergalactic Credits in exchange for a piece of paper that says the company will pay her 2% interest (for example) every year for five years. At any time in those five years, Snookiepoo has the right to convert her little piece of paper into one share of stock in NARF.
Additionally, written into this particular note (the floorless convertible debenture) is a clause that says something like,
"If any time in the next five years the stock price is less than 1000 credits per share, and if Snookiepoo decides to exercise her option to convert her note into stock at that same time, then Snookiepoo gets more than one share of NARF (as calculated by the conversion ratio written into the note) when she converts her debenture into shares of stock. In fact, whatever the price is, if it is less than what it is now, she not only gets more than one share, and she not only gets all the stock she would expect to get at that future price, she gets to figure in a additional discount per share of the then-existing stock price when she converts."
Fast forward…and the stock gets crushed.
Shocking, yes?
On December 25th, 2005, Snookiepoo decides to convert her note to stock. On that day, the stock is trading at 10 (for example). With the conversion rate in the note as her guide, and the discount she gets, she is allowed to convert her note into more than 100 shares of stock.
Sounds like a good deal for Snookiepoo, eh? It is.
But what if (and I say this with all due respect) Snookiepoo wanted to take advantage of the situation? In that case, the company that issued the floorless convertible debenture has a little problem.
Let's say Snookiepoo happened to be an unscrupulous and very greedy individual with some extra cash to toss at a risky and unsecured bond issued by a company that for some reason couldn't obtain conventional financing.
Let's further say that Snookiepoo could short that same company's stock without actually borrowing it.
Nobody who owns NARF stock and wants it to go higher would want to loan it out in order for it to be shorted, but Snookiepoo doesn't worry about borrowing the stock.
She just sells it short without borrowing it from anyone first. (Remember, one of the "rules" of selling short is that you have to borrow the stock before you sell it.)
Shorting a stock without borrowing it is called "naked short selling", or "naked shorting", and although it is illegal in the United States, it's not illegal in some other places.
I just realized that I suggested the idea of Snookiepoo being naked.
Not a pretty picture for the puny mammals on this planet.
Put all her clothes back on, and move along, cuz.
If she had the ability and the nefarious intention, and if she could short the stock naked, then she could buy the floorless convertible debenture, and then when the time came, she could convert her debenture into stock (at a discount to the prevailing price) and use the stock she receives to cover her naked short position!
It sounds like that should be illegal, right?
Yes, it probably should be, but there are some instances when it's not. And that's the reason why "floorless convertible debentures" are so dangerous to the company that issues them.
It might be possible for Snookiepoo (she is holding the note) to short the stock "naked", drive the stock price down, and then convert the debenture into stock (at a discount) and cover her short position.
If the sum of the money she collected on the short trade and the money she saved on the discounted conversion were more than the money she put into the bond in the first place, then she would make money…maybe a lot of money if the stock were driven down to the point where it was almost worthless before she had to buy it and cover her short position.
What else could go wrong, you ax?
Plenty. If the company were planning on issuing additional stock to raise the funds to pay back the money it borrowed when it issued the bond, then the company is kinda screwed.
The stock is almost worthless, so the offering would have to be much, much larger than would have been anticipated when the bond was issued.
A large offering of additional shares would dilute the float considerably, and that is something the shareholders would not like at all. (Remember, Snookiepoo just diluted the float when she converted.) The ordinary shareholders would resemble charcoal briquettes at that point.
Here's the point that a lot of investors miss:
Why would NARF issue a floorless convertible debenture in the first place?
To my way of thinking, there are only three reasons, and none of them are good.
Either the people that are running NARF are idiots, or the company is in so much financial trouble that it has no alternative, or the sellers are in cahoots with whoever buys the note and those sellers have no intention of using the money they raise for legitimate purposes.
No matter what the reason, no matter how "wonderful" the company claims it is or how much the investor likes the stock, the issuance of a floorless convertible debenture is about the biggest red flag you could possibly imagine.
The good news is that under most circumstances, the shareholders can (not necessarily will, but can) quickly learn about the issuance of a floorless convertible, and if they are nimble they may be able move on to a safer investment without too much pain.
I trust this assists your understanding, cuz!
My best wishes to you and Snookiepoo, and have a great week!
Your loving cousin,
Tastes Like Chicken
CWLC. PR...........................
DENVER, Mar 23, 2004 /PRNewswire-FirstCall via COMTEX/ --
China Wireless Communications, Inc. (OTC Bulletin Board: CWLC) announces it has signed a cooperative agreement with Datang Gohigh Networks Technology Corporation. This agreement provides China Wireless with the capability to accelerate their network build out in Beijing to provide connectivity for broadband network-based applications. Both companies will begin the process to design, install, and maintain the City Broadband Network Systems in Beijing in the first stage, then to duplicate the successful model in other major cities in China. As a leading player in telecom equipment market, Datang Gohigh will fully support CWC's development in China.
Mr. Brad Woods, CEO of China Wireless commented, 'Our strategic partnership with Datang Gohigh, whose strong influence in China's telecom equipment market, shows our ability to prevail as a leading network system integrator. We are expanding the coverage of our network in Beijing which demands reliable equipment with advanced technology. Support from Datang Gohigh will fulfill our requirements and facilitate our implementation of this plan.'
About Datang Gohigh Networks Technology Corporation:
(www.gohigh.com.cn)
Datang Gohigh Networks Technology Corporation is a high-tech company listed on Shenzhen Stock Exchange. It was founded in December 2001 by Datang Telecom Technology and Industry Group and Datang Telecom Technology Co., Ltd. Its major business includes research, manufacture, sales of products of IP, ATM, MPLS, and NGN (next generation network), soft switching system, and total solutions for broadband network communication. Now it is the unique company with the ability to construct ATM backbone network in China. It currently operates in 25 provinces and cities in China.
About China Wireless Communications, Inc.:
(www.chinawirelesscommunications.com)
China Wireless Communications, Inc. based in Denver, CO develops, installs and markets wireless broadband networks and provides internet access in Beijing, China. Using reliable wireless technology, China Wireless provides the 'last mile'connection between their telecommunications partners and customers. Examples of applications provided are redundant high-speed backbones, Voice over IP, VSAT, transport connections which include IP data, video, and ISP services. The Company is publicly quoted on the OTCBB under the symbol 'CWLC'.
The S&P Futures are trending down pre-opening. This is usually an indicator that the DOW will take a hit.
I see several stocks that are ready to gap down.
Think I'll go hit some balls..........:)
ARES put out a PR today. This says basically the same thing as the 8-K filing, which I reported in post #4086.
ARES files 8K to cancel acquisition..more about..
(this is one answer for the recent hammering of the PPS)
On March 19, 2004, AmeriResource Technologies, Inc. (the "Company") rescinded, ab intitio, a September 25, 2001 Acquisition Agreement (the "Agreement") the Company entered into with Wasatch Business Investors, Inc., a Utah corporation ("WBI") and Covah, LLC, a Utah limited liability company ("Covah"). Pursuant to the Agreement, WBI, as agent for Covah, was to sell and transfer one hundred percent (100%) of Jim Butler Performance, Inc., a Tennessee corporation ("JBP"), to the Company in exchange for one hundred million (100,000,000) shares of the Company's stock, with seventy-five million (75,000,000) shares being issued to Covah and twenty-five million shares being issued to WBI. The Company rescinded the Acquisition Agreement because JBP was to be tendered free and clear of any liens and encumbrances at the closing of the Acquisition Agreement and the Company has been informed that a five hundred fifty thousand dollar ($550,000) promissory note has been placed on JBP's real property with a lien securing such debt.
PTSC news...(plus lawsuit details)..
SAN DIEGO, Mar 16, 2004 /PRNewswire-FirstCall via COMTEX/ --
Patriot Scientific Inc. (OTC Bulletin Board: PTSC) announced today that the company's stock has begun trading on the Berlin Stock Exchange under the symbol PQE and German Cusip number 899459.
Patriot Scientific CEO Jeff Wallin said, 'The listing on the Berlin exchange provides us with increased exposure to the European capital markets. This makes it easier for European investors who have an interest in our company to buy and sell our stock.'
An investment profile on Patriot Scientific may be found at www.hawkassociates.com/patriot/profile.htm.
About Patriot Scientific
Patriot Scientific is an intellectual property company developing and marketing innovative and proprietary semiconductor technologies into the fast- growing hand-held wireless and smart card markets. The company's portfolio of patents encompasses what is believed to be fundamental microprocessor technology and includes additional patents pending to protect its technology and architecture. For more information please visit Patriot Scientific online at www.ptsc.com
The company has filed lawsuits against Matsushita, Sony, Fujitsu, Toshiba and NEC, seeking damages in excess of several hundred million dollars to protect patent rights contained in Patent No. 5,809,336 'High Performance Microprocessor Having Variable Speed System Clock.'Patriot's patents describe the principal means used by the microprocessor industry to increase the internal operating speed of modern microprocessors. Patriot's patent portfolio encompasses the fundamental workings of well over $18 billion dollars worth of microprocessors sold in the United States last year. From the time the patents were issued, the company estimates that over $150 billion dollars worth of microprocessors have made use of Patriot's technology. The company believes that significant segments of the electronics industry are currently benefiting from technology owned by Patriot Scientific and that microprocessors operating at speeds above 110 - 120 MHz are in violation of portions of Patriot Scientific's patent portfolio.
For investor relations information contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com For Patriot Scientific information contact Lowell Giffhorn at (858) 674-5018. Detailed information about Patriot Scientific can be found on the website www.ptsc.com. Copies of Patriot Scientific press releases, current price quotes, stock charts and other valuable information for investors may be found on the websites www.hawkassociates.com and www.hawkmicrocaps.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
SOURCE Patriot Scientific Corporation
Investors, Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for Patriot Scientific; or Lowell Giffhorn of Patriot Scientific, +1-858-674-5018
http://www.ptsc.com
At .12, PTSC is up 32%.....more...
They have lawsuits pending against several major chip manufacturers.
I believe this will fly with ANY good news about that, and especially when it's all settled.
Why?...........For years, Patriot Scientific has been making (patented) computer chips that were 10-times more powerful than anything on the market.
Major tech firms, such as NEC have been using that patented process without permission.
Now, they are being sued by Patriot.
That, plus the fact that for the last several years the company has had it's legal hands tied.
The majority stockholder and BOD member died and his Estate, for all these years, has tied up his holdings.
Now, the Estate has been settled and the company is free to do such things as these lawsuits.
This should be just the beginning.
RVIA news........
ROANOKE, Texas, Mar 15, 2004 (BUSINESS WIRE) --
Roanoke, Texas-based REVA, Inc. (OTCBB:RVIA) this week closed the merger with BOLD Communications Networks, L.L.C. in a deal valued at $3.2 million. BOLD is a Texas-based, first-tier wireless communications company providing wireless Internet services to rural and semi-rural subscribers; areas where broadband access has been extremely limited.
REVA currently services over 500 wireless customers with wireless Internet service. Additionally, the new customer base will increase quarterly revenues by more than 70%. 'These new revenues will provide a stable financial infrastructure that positions us for more growth and expansion into other regions,'commented Randy Dansby, Vice President of Finance for REVA.
James Ontiveros, CEO, said, 'REVA now increases its distribution channels for placing its products into residential markets. This merger increases REVA's existing client base by more than 100%. The increase in customer base and territory now gives us prime targets for beta testing our video-on-demand product, as well as our products in home surveillance and home health monitoring. It's an ideal situation for both companies, in that REVA gains distribution channels and BOLD can now provide a fully customized Internet experience for its subscribers.'Beta testing of new products is expected to begin before year-end.
REVA began restructuring efforts earlier this year by centralizing data centers and customer call centers. 'Tapping into a strong IT and engineering staff provided by BOLD gives REVA the manpower it needs to quickly expand its service areas,'said Ontiveros. 'The combination of assets and strong customer service along with sales and marketing capabilities gives REVA the ability to aggressively pursue our markets. We expect to be able to quickly leverage our business model in an industry poised for tremendous growth.'
The merger greatly expands REVA's service area in Texas with potential to serve more than 91,000 subscribers in the Decatur area, including Justin, Rhome, Newark and other areas west of the DFW Metroplex. REVA has plans for rapid expansion into other locations as well. For more information visit http://www.revawireless.net.
CURRENT BUSINESS INFORMATION: REVA, Inc. historically is a developer and manufacturer of Video Compression, Security & Surveillance, and TeleHealth systems. The Company provides wireless Internet services and designs and manufactures technology and products for the video communication market. The Company's remote video communication products can transmit (via compression) video, audio, and data over various communication medias at speeds that exceed those of its competitors.
PCOM news..........
CAMPBELL, Calif., Mar 15, 2004 /PRNewswire-FirstCall via COMTEX/ --
P-Com, Inc. (OTC Bulletin Board: PCOM), a worldwide provider of wireless telecom products and services, today announced a $2.4 million order for its advanced, point-to-point radios from a customer in Latin America.
The order from a leading wireless carrier is for P-Com's Encore Plus, a variable bandwidth, digital microwave radio that facilitates high-speed voice, data and video transmissions across a network. On March 1, P-Com announced a $2 million order from the same carrier, bringing total orders to more than $4 million for the first quarter.
'This follow-on order represents a significant increase in market share for P-Com with this important customer, and it highlights the attractiveness of our products and our success in growing sales in a key market,'said P-Com President and CEO Sam Smookler. 'These orders also further our momentum in Latin America, where we recently appointed a new sales director for the region and began deploying AirPro Gold.Net radios for a customer in Brazil.'
On March 3, P-Com announced that its AirPro Gold.Net radios were being installed in Brazil atop multi-story apartment buildings across the country through an agreement with an Internet Service Provider (ISP) delivering wireless broadband services. On March 11, P-Com announced that Alvaro Pinto, a telecommunications executive with more than 15 years of experience in Latin America, was appointed sales director for the region.
About P-Com, Inc.
P-Com, Inc. develops, manufactures, and markets point-to-point, spread spectrum and point-to-multipoint, wireless access systems to the worldwide telecommunications market. P-Com broadband wireless access systems are designed to satisfy the high-speed, integrated network requirements of Internet access associated with Business to Business and E-Commerce business processes. Cellular and personal communications service (PCS) providers utilize P-Com point-to-point systems to provide backhaul between base stations and mobile switching centers. Government, utility, and business entities use P-Com systems in public and private network applications. For more information visit www.p-com.com or call 408-866-3660.
WHOO cowboy, you scared me!...:), but yup I still have the boot floppy for 98. Glad I saved it.
If I got this right,....format C, cold boot to the floppy and install 98.............piece a cake!
Thanks
excel, I'm glad you're happy. I have no problem with that...:)
But, I'll bet you're running XP Home and not XP Pro. There's a big difference.
For yuks, why not check the real amount of memory you have available. My bet is that it's in the 60's.
Go to;start/programs/accessories/system tools/system information and scroll down to Total Physical Memory.
I show 215.83MB and I have 512 MB installed.
With 98 I showed 480 MB............a big difference.
ukie, I was given this WinXP Pro OS disk by a friend. He told me that I MUST change over to NTFS when switching from 98 to XP.
When I do format this and reinstall 98 I will also have to switch back to FAT, probably 32.
Also, apparently there are a lot of differences between the XP Home and Pro.
For one thing, Pro is designed for an office atmosphere with multiple users.
I guess some options are different too.
One of the main differences I've seen is that XP seems to be a bullseye for every virus freak, and hacker in the world.
I've had to install over a dozen patches, fixes, etc, none of which were required with 98.
Plus, as I mentioned before, XP sucks up over have my memory, causing everything to run slower.
I'm so tired of all the crap that I would be willing to trash my HD and buy a new one rather then run XP anymore.
It's too bad they don't have some sort of hand-held eraser, as they do with magnetic video tapes.......:)
lostcowboy, I believe I had FAT 32 before. Which is best?
Also, someone else just told me that I can right click on the C drive in My Computer and format from there.
Then what?.......I just install the 98 disk and run it?
TIA
ukie, apparently XP Pro doesn't give you that option. eom
tc, also..............
I put in both CDs and there is no option to format.
It's WinXP Pro and Win98 SE.
I think I will have to go into DOS and that's what I can't figure out how to do with XP
Thanks TC, but I don't plan to reinstall XP...
I want to go back to Win 98 SE....
I have CDs for both.
Help to wipe my HD please.....
I have WinXP and plan to completely wipe,(format)it, but I can't figure out how.
I plan to wipe the HD and install a new OS..(clean slate).
On my own, my only other option is to buy a new HD, which I don't want to do.
Any help would be appreciated.
re; XKEM.................
I've had this on my radar screen since they did the 1:3000 RS last June.
At that time I called for a bottom/bounce price of about a penny, maybe .009.
Twice in the last ten months this stock made me look foolish, when it bounced from about .13 to over .30
Now, at .085, it has broken through that .13 support level and appears to be back on track to my entry price.
Last month there were two filings,(forms 3 and 4), showing options for 5-million shares each at .01. The options were exercisable after 2/23 and good for 10-years.
The two individuals who filed these forms don't appear to have exercised the options, but I suspect that there are other options that have been issued and not reported.
They may have been exercised and sold, which would account for the recent drop in the PPS.
Either way, the PPS is dropping and when/if it hits the expected entry level it could be a very nice bounce play. Hopefully, the charts will give warning...:)
WOW swing, thanks for catching that! Sorry.
For anyone wanting to buy into this PAVP deal, you have a month.
IMO, There are still a lot of details that must come out and that month may be necessary to get clarification.
CYKY/DGCO reverse merger announcement......
In a PR posted on both company quote sites, a letter of intent was announced to merge CYKY, pinksheets .068 and DGCO, OTCBB .11
Only the letter of intent has been issued, but it's acknowledged by both companies and, should this happen, CYKY Management will become the new Management of the new company.
This is a classic reverse merger, usually done so a private or Pinksheet stock can become listed.
The OS of DGCO is only 10M, making the PPS pretty volatile.
CYKY did a 1:1000 RS a year ago, but I couldn't find the OS.
That should be available from the Transfer Agent;
National Stock Transfer, Inc., Salt Lake City, UT 84105-2425
Jeez Karen...re; PAVP
If I were to persue this I would have several questions, but since you're already invested it would just be dialogue.
Obviously, at this point, if you buy more it would be solely for PAVP and not the reverse merger spinoff.
The cutoff date for that deal was yesterday.
good luck
Karen, re PAVP.......
I only looked at the chart and, without doing any DD....
It looks like it starting a nosedive.
At .011 it has no support until about .005 and maybe lower.
If you're looking at it mid or long term, IMO, hold for a better entry price.
Good luck
And the Martha Stewart beat goes on...
I received this after hours from a news service..
A pretty interesting read........
Ok, I was wrong. Martha got nailed. So did the stock. But I have to think that her company (NYSE: MSO) has a contingency plan for various eventualities; whether Martha goes up the river or is simply hit by a bus. Interestingly, analysts have all but abandoned the shares.
There are several scenarios:
Martha could win on appeal, although doubtful. Only 10 percent of Federal convictions are overturned.
She may get a suspended sentence and a fine—also doubtful in this age of corporate bloodlust.
Stay at home with an ankle bracelet, as well as a fine and clean up the highway shoulders for a couple of hundred hours.
Go to prison for a year or so as well as pay a fine.
For the extreme investor, a purchase of MSO now would either be very brave or foolhardy—no in between. Technically, we previously advised that the shares looked like they would bottom at $8-$9 which is where they now find themselves. Granted, that was before Martha was convicted, but that level seems to be where the shares have settled.
That said, someone is buying the shares here, otherwise it would be trading at its cash value of about $3 a share. A company with cash of $175 million and no debt; fundamentally MSO’s balance sheet is very strong.
For those who want a little more substance to their purchase decision, it would be prudent to wait and see the depth and moxie of MSO’s plan. I suspect that management—and Martha—has played out Martha-less scenarios frequently. As the brand, Martha --and her team-- isn’t stupid enough not to ‘back up’ the company in the case of the kind of disaster scenario in which it now finds itself.
For those investors who played the trial nimbly, well done. The folks to whom you sold your shares—pre-verdict-- at $16-$17 have likely become long-term holders.
Here’s some education and a possible scenario: buy MSO shares and buy a put. A put option gives the holder the right to sell shares at a specific—or strike—price up to and including the expiry date. Since the shares have had a downward bias, the ‘time value’ or premium over the intrinsic value has widened, making them a bit pricey. The intrinsic value is the difference between the strike price and the market price. The rest is known as the time, or risk premium.
MSO trades currently at around $9.65. The June puts with a $10 strike price are offered at $2.20. The intrinsic value, therefore, is 35 cents and the time or risk premium is $1.85.
What this means is that if you purchased 100 shares and 1 June 10 put, your cost per share would be $9.65 plus $2.20 or $11.85. You would have the right to sell the shares at $10.00 until June 18th 2004—the day after Martha’s sentencing—an interesting feature….
Your cash risk would be limited to $1.85 a share which, while it seems a lot, would be a pittance should the bottom completely fall out of the shares between now and her sentencing. Conversely, by buying the shares and puts, you would not start making money until the shares rose above your combined purchase price of $11.85.
As I said, the MSO puts have become pricey, so govern yourself accordingly. If the shares tank prior to June, you can sell the put and keep the shares, which would have a lower cost base courtesy of the put profits. Or, you could sell the shares should they begin to fall and keep the put. Or, finally, you could simply put (read sell) the shares at $10.00 on or before June 18th and take the $1.85 hit, for which you’ll be grateful should the shares drop to say $5.
Puts are extremely useful tools if utilized properly. If you choose to employ this strategy, be judicious as it might be best to wait until the furor has died down and the puts become cheaper.
Call the put purchase against stock a hedge, insurance or just piece of mind. There is likely decent money to be made in MSO in the long run. As we said in our previous piece, there’s likely no one, now, who hasn’t heard of Martha. And the faithful will remain so, whether she does hard time or soft.
Look at Imclone (NASDAQ: IMCL) and Tyco (NYSE: TYC) --bad boys caught doing very bad things. Since the respective bad news in those situations, Tyco shares has tripled in price and Imclone has risen more than 5-fold.
And those mooks don’t have nearly the taste—or the loyal following --of Martha Stewart.
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chuck, overall, I have to agree with you, but I can see the other side of it too,(or some of the other side.).
If Joe Blow were busted for the same thing, who would notice?
Hell, the news people wouldn't even mention it.
Using Martha Stewart as an example is noticed by everyone, especially those who are inclined to do the same thing.
Insiders are less inclined to give out information illegally and investors are less inclined to act on it.
So, it's more than just busting Martha. It's a deterrent for everyone else.
You've heard of the courts using someone "as an example." Well, this is a classic case.
And, like most white collar crimes, I expect to see her recover from this in fine shape. Now, she will have the sympathy factor to play on.
Plus, she ain't exactly broke....:)
chuck, I don't want to beat this subject to death, but I think you're comparing apples to oranges.
The people you were talking about are all connected with the company involved and usually hold positions of Management.
When it comes to criminal activity it's a very shady area.
In Martha's case, besides being a shareholder, she had nothing to do with the company she held stock in. She acted as a private investor who was illegally trading on insider information..............and she got caught.
re Nascar; OK, so there is no court order and legally, nothing has been done.(at least that's the way it sounds).
If a letter like that had been sent, it would have been from Nascar officials to the company officials and very few people would even know about it. It's beginning to look like another message-board fantasy post.
If true, all the company would have to do is put some sort of disclaimer on the product saying that it's not endorsed by Nascar. I see that sort of thing all the time.
But, true or not, it's hurting the PPS, for now, and a good short play opportunity may develop.
arctec, "you" got an E? Well, I guess that's better than an F....LOL
Tell those guys to pick up the GCHR,(Golden Chief Restaurant Inc.) chain.
They went belly up about a year ago, but I still hold their stock.
Who knows, maybe it will have value again.....LOL
Marie, if you think about it, it's not like she's being sent off to Boogie-land.
All this will do is put her back where she was before she decided to be a business tycoon.
She'll still make millions making cute gizmos out of toilet paper.
I should be so unlucky!....:)