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joe, good luck with ASNI. My chart looks like it's headed back down to the .06 area.
But, of course, I didn't do any DD on it.
Arctec, re SPWC/PCOM...............
I honestly don't know what due bills redeemable means, but I do know that it has nothing to do with the stock dividend, if you hold SPWC common stock by the end of trading on the 20th.
If it's a concern, the easiest way to get an answer is to call the company or their IR.
The delivery date for the dividend shares is March 5.
It would be after that date that they would show up in your account.
FNIX news..............
SALT LAKE CITY, Feb 17, 2004 (BUSINESS WIRE) --
Fonix(R) Corp. (OTC BB: FNIX), a global provider of easy-to-use speech solutions, announces that Electronic Arts (NASDAQ: ERTS), the world's leading independent developer and publisher of interactive entertainment software for personal computers and advanced entertainment systems, has licensed Fonix speech solutions for speech recognition within EA game development. Fonix signed a multi-year license agreement with EA to deliver its award-winning voice command solutions for EA games.
'After an extensive review of voice speech interface technology, EA chose Fonix for its speech recognition capabilities to implement into our game development process,'said Scott Cronce, CTO for EA. 'The Fonix voice command solutions for games will add fun and versatility through voice commands to future EA games.'
'We expect the inclusion of Fonix voice command solutions will accelerate current and future game development,'said Tim K. Hong, vice president of Fonix Mobile Wireless &Games. 'Working with EA to deliver the best voice interface to game developers is a tremendous market opportunity to expand use and exposure for our voice command solutions.
'As voice command becomes more integral to the gaming experience, Fonix and EA will work together to improve game play, producing interactive games that immerse players in increasingly authentic experiences through the use of our speech interface,'said Hong.
About Electronic Arts
Electronic Arts (EA), headquartered in Redwood City, Calif., is the world's leading interactive entertainment software company. Founded in 1982, Electronic Arts posted revenues of $2.5 billion for fiscal 2003. The company develops, publishes and distributes interactive software worldwide for video game systems, personal computers and the Internet. Electronic Arts markets its products under three brand names: EA SPORTS(TM), EA GAMES(TM), and EA SPORTS BIG(TM). EA's home page and online game site is www.ea.com. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com.
About Fonix
Fonix Corp. provides speech interface solutions for mobile/wireless devices, computer telephony systems, the assistive market, vehicle telematics and everyday consumer devices. Manufacturers and developers incorporate Fonix technology to provide their customers with an easy, convenient, reliable user experience. Visit www.fonix.com for an introduction to Fonix's complete suite of speech solutions, or contact a Fonix representative at 801-553-6600 and say 'Sales.'
Wise, as I understand it, it's about the same thing as a 3:2 stock dividend without the X-date.
That means you can buy SPWC up to to closing bell on the 20th and still get the PCOM shares.
Where I get lost is about what will happen later. Is this like a reverse merger? If so, the shares from both companies will combine and the company will probably SPWC.
If that's the case, by the 20th the PPS for SPWC should be just about twice that of PCOM........to balance it out.
CWLC news..................
DENVER, Feb 17, 2004 /PRNewswire-FirstCall via COMTEX/ --
China Wireless Communications, Inc. (OTC Bulletin Board: CWLC) is pleased to announce that research firm, Coastal Research Associates, LLC (CRA) of Tampa, Florida has produced a research report on China Wireless Communications, Inc. Lead analyst Mr. Christopher D. Gilcher has issued his in-depth 15 page research report on China Wireless and the Chinese telecom environment. In his report, Mr. Gilcher outlines the Chinese evolvement within the telecommunications and Internet sector and how China Wireless provides the critical 'Last mile connection' within the industry. The Management of China Wireless invites all of its employees, shareholders and the general investment community to read this detailed research report. A copy of this report may be obtained by visiting either www.chinawirelesscommunications.com or www.coastalresearchonline.com.
About Coastal Research Associates, LLC:
( www.coastalresearchonline.com )
Coastal Research Associates, LLC (CRA) is a research firm that provides research services to publicly traded emerging growth companies for a fee. All of CRA's research reports are written by experienced analysts with a goal of providing a fair and balanced assessment of the Company's long-term business prospects. CRA's primary mission is to provide research services to publicly traded emerging growth companies that may have promising long-term investment prospects but who are being overlooked by Wall Street and the investment community at large. China Wireless has paid CRA a fee of 30,000 shares of the Company's restricted common stock in consideration for the production of the report and for subsequent updates to the report.
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 the most 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, and transport connections, which include IP data, video, and ISP services. The Company is publicly quoted on the OTCBB under the symbol 'CWLC'.
New mass-mailer virus....more about....
Win32.Bagle.B@mm
FWIW, two weeks ago I started using the free 30-trial for an anti-virus program called BitDefender.
http://www.bitdefender.com
I've tried Norton, McAfee, and several others, but I've never found a program that works as well as this one.
It's amazing.........any time anything happens they notify me.
They even, somehow, identified a virus I had which didn't show up in their regular scan, (or anyone elses scan), When I contacted their support and sent them the information they asked for, they told me how to fix it.....POOF, it's gone.
Unless something very unusual happens in the next two weeks, I plan to buy it.
Ok, here's the PCOM/SPWC deal.....
In a nutshell, SPWC shareholders of record on Feb 20, will receive one share of PCOM for every 2 shares of SPWC held.
From the 8K filed by SPWC on 2/12
SARASOTA, Fla.--(BUSINESS WIRE)--Feb. 12, 2004--SPEEDCOM Wireless Corporation (OTCBB:SPWC) today announced financial results for the year ending December 31, 2003. The company also announced its board of directors approved an in-kind distribution of shares of Campbell, California based P-Com, Inc. common stock, which it received in December 2003 in connection with the sale of its business, to SPEEDCOM shareholders of record as of February 20, 2004.
For the twelve months ended December 31, 2003, revenues were $4,381,000 as compared to $7,676,000 for the twelve months ended December 31, 2002. Operating loss was $4,405,000 or $(.28) per share for the twelve months ended December 31, 2003 as compared to an operating loss of $4,953,000 for the twelve months ended December 31, 2002. Gross margin was 34% of net revenues for the twelve months ended December 31, 2003. Year-end 2003 results reflect the sale of SPEEDCOM's business operations to P-Com on December 10, 2003.
Including a gain of $12,260,000 on its asset sale to P-Com, SPEEDCOM reported net income of $7,450,000, and income attributable to common stockholders of $6,590,000, or $.42 per share, for the year ending December 31, 2003.
SPEEDCOM will distribute approximately 61,000,000 shares of P-Com common stock to its shareholders using a record date of February 20, 2004. The distribution ratio is estimated to be approximately 1 share of P-Com common stock for each 2 shares of SPEEDCOM common stock held on the record date. SPEEDCOM reported 114,652,626 shares issued and outstanding as of February 9, 2004 in its Form 10-KSB. The distribution date of the P-Com shares is on March 5, 2004.
No action is necessary for SPEEDCOM shareholders. SPEEDCOM shareholders who hold shares through a broker will have P-Com shares credited to their account. Shareholders who are registered holders will receive a P-Com certificate via mail to their address of record. Registered holders are encouraged to verify the accuracy of their address information through February 20 by calling American Stock Transfer at 800-937-5449.
SPEEDCOM shareholders should direct questions concerning the P-Com common stock distribution to EquiServe Shareholder Services at 781-575-3120.
Wise, I know you were playing PCOM in the past.
Are you in this deal?
I'm still trying to figure out exactly what's happening.
SPWC has doubled in the last few days and now, both are trading at about .081-.082
SPWC traded higher after hours and I expect a gap up this AM.
PCOM/SPWC news.................
February 16, 2004
Company: Speedcom Wireless Corporation Common Stock Symbol: SPWC Amount: +stk X-Date: 03/08/2004 Record Date: 02/20/2004 Payment Date: 03/05/2004 Dividend Type: CP - Stock Div. payable in another Company Stock Amount: 1 Cash Amount: 0
Notes: Approximately one share of P-Com Inc (OTCBB: PCOM) for every two shares held. Due Bill Redeemable Date: 03/10/2004
This information can be viewed at http://www.nasdaqtrader.com/dailylist/history/2004/Dividends/di02122004.stm
Tel: (203) 375-9609 NASDAQ Market Data Integrity
Speaking of Winxp...(weekend stuff)..:)
I have Win XPpro and have been using it for a month or two.
I still have mixed emotions about it.
I don't like the fact that it sucked up half my memory. I have about 225 MB instead of the 512 I have installed and I do notice the difference in speed.
Plus, every bug that comes along seems to be designed for XP.
I have so many damn patches and updates installed it's hard to find what I really have.
I may go back to 98SE. The jury is still out...:)
Chuck, bored, eh?...Well, you do only work part-time.
Any hot picks for next week?
FWIW, considering the lawsuits filed by PTSC, I think it's worthy of watching.
They are a chip manufacturer who, for years has been making a computer chip that is far superior than anything else on the market.
And...........many of the big computer companies have been using it,(or the patented process), without permission.
Patriot is suing all of them.
This could become the mouse that roared.
Arctec.............
Go to File in the top left hand corner. If WORK OFFLINE is checked, uncheck it.
Usually, if that's checked and you go online, you get the message you mentioned, or it gives you the option to "connect" even though you're already online...
FWIW......Please don't get me wrong, I'm not trying to discourage you from asking tech questions here, but you have limited possibilities here for help.
There's a message board here at IHub called Computer Learning.
All they do is fix tech problems, but it's also a friendly place to visit.
I use that board quite often.
good luck.
re EMRG...NASDAQ small cap..3.10........
In the last three months the PPS made a nice triple, almost a quad to peak at just below 4.00.
In the past month it fall back a bit to the currant 3.10.
This could be profit taking.
Management and insiders are buying, often with stock options.
The financial ball started last November with the sale of three Carcass Inspection Systems for $3M.
Since then, there have been several more millions put into the company via private placements.
OS........approx 40M
Float..... 20M
These low numbers make the PPS very volatile
The chart shows it running flat right now, with support at 3.00
I didn't take the time to go through a lot of information available on this company, but if you don't have a SEC filings service, go to;
NASDAQ.COM........type in the symbol, click on INFO QUOTE and then on COMPANY FILINGS.
good luck.
mick, if it helps, I'll take a look at EMRG.
What is madcow stuff?
TIA
Wise, yeah, I think you hit on ARES a few months ago.
This time, the EagleRider acquisition is real, just not as big as they had us believe.
When they start getting a revenue flow from this, I expect them to PR it, which could be good for a nice little bump.
Marie, did I do something to you in another life?....:)
You KNOW ARES was never NRES.
You and I have been around too long for me to buy into that, but, alas, some ghost just won't go away.
re ARES......................
I've been holding this for over six months, waiting for news or something to make it move.
In the past couple of months it has moved up from .005 to a resistance level at .009-.01.......above the 200 DMA
Recently, that resistance level became a support level and today, at .011 it's up over 22%
This upward move in the past two months seems to be based on the news of the EagleRider acquisition, which should now be closed.
The last PR showed the acquisition to be only 40% of EagleRider, instead of 100% as indicated, but it should still provide a steady source of revenue.
IMO, this company ain't going away......:)
wantoberich, re USXP....
When the air-cargo acquisition deal fell through I stopped watching it.
It did a nice spike on news of the acquisiton and ran just as hard backwards afterwards.
The CEO is VERY news aware and if/when they come up with another big deal I expect it to show some healthy moves again.
But hey! These are the Pennies! He could be abducted by a flying saucer and never heard from again.....:)
re PCOM..I'm just looking for some details on this deal.
Feb 20 is coming soon.
Maybe someone who has been following PCOM could expand on the PR..........with opinions.???
PCOM/SPWC news.....I would appreciate some feedback on this..
SARASOTA, Fla., Feb 12, 2004 (BUSINESS WIRE) --
SPEEDCOM Wireless Corporation (OTCBB:SPWC) today announced financial results for the year ending December 31, 2003. The company also announced its board of directors approved an in-kind distribution of shares of Campbell, California based P-Com, Inc. common stock, which it received in December 2003 in connection with the sale of its business, to SPEEDCOM shareholders of record as of February 20, 2004.
For the twelve months ended December 31, 2003, revenues were $4,381,000 as compared to $7,676,000 for the twelve months ended December 31, 2002. Operating loss was $4,405,000 or $(.28) per share for the twelve months ended December 31, 2003 as compared to an operating loss of $4,953,000 for the twelve months ended December 31, 2002. Gross margin was 34% of net revenues for the twelve months ended December 31, 2003. Year-end 2003 results reflect the sale of SPEEDCOM's business operations to P-Com on December 10, 2003.
Including a gain of $12,260,000 on its asset sale to P-Com, SPEEDCOM reported net income of $7,450,000, and income attributable to common stockholders of $6,590,000, or $.42 per share, for the year ending December 31, 2003.
SPEEDCOM will distribute approximately 61,000,000 shares of P-Com common stock to its shareholders using a record date of February 20, 2004. The distribution ratio is estimated to be approximately 1 share of P-Com common stock for each 2 shares of SPEEDCOM common stock held on the record date. SPEEDCOM reported 114,652,626 shares issued and outstanding as of February 9, 2004 in its Form 10-KSB. The distribution date of the P-Com shares is on March 5, 2004.
No action is necessary for SPEEDCOM shareholders. SPEEDCOM shareholders who hold shares through a broker will have P-Com shares credited to their account. Shareholders who are registered holders will receive a P-Com certificate via mail to their address of record. Registered holders are encouraged to verify the accuracy of their address information through February 20 by calling American Stock Transfer at 800-937-5449.
SPEEDCOM shareholders should direct questions concerning the P-Com common stock distribution to EquiServe Shareholder Services at 781-575-3120.
Recent Highlights -- SPEEDCOM's board announced plans to distribute most of SPEEDCOM's P-Com common stock to shareholders -- The company exchanged all outstanding shares of its Series B Convertible Preferred stock for common stock at an exchange rate of $.12 -- Since October 2003, SPEEDCOM converted $2,792,000 of liabilities into common stock at $.12, effectively eliminating debt from its balance sheet -- The company completed an asset sale and received consideration of 63,500,000 P-Com common shares -- SPEEDCOM stockholders approved an asset sale agreement and increase in SPEEDCOM's authorized common stock from 250,000,000 to 500,000,000 shares. Voting stockholders voted in favor of both proposals by more than 85% -- The company signed a definitive agreement with P-Com to enable P-Com to acquire operating assets and certain liabilities of SPEEDCOM in exchange for shares of P-Com common stock
'We look forward to our upcoming stock distribution to SPEEDCOM shareholders and are pleased by the success of our recent recapitalization and debt conversion initiatives,'said Mark Schaftlein, CFO of SPEEDCOM.
About SPEEDCOM
SPEEDCOM Wireless Corporation was a multinational, fixed broadband wireless solutions company. SPEEDCOM's Wave Wireless division was an innovator and manufacturer of a variety of broadband wireless products. On December 10, 2003, the company sold all of its operating assets and ceased its historical business operations. Since that time, the company has been seeking to maximize its shareholders'value through a merger, acquisition or similar business combination. More information is available at http://www.speedcomwireless.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of SPEEDCOM. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. This press release contains forward-looking statements that involve risks and uncertainties. The financial data provided in this press release represent actual results. Future results may differ materially from forward-looking statements for a number of reasons as well as factors discussed from time to time in our SEC filings (available on EDGAR or for free at www.sec.gov). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. All forward-looking statements included in this document are made as of the date hereof, based on information available to SPEEDCOM on the date thereof.
SPEEDCOM is a registered trademark of SPEEDCOM Wireless Corporation.
SPEEDCOM WIRELESS CORPORATION STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Years Ended December 31, 2003 2002 -------------------------Net revenues $4,380,998 $7,676,327Cost of goods sold 2,910,657 4,502,460 -------------------------Gross margin 1,470,341 3,173,867Operating expenses: Salaries and related 2,085,415 3,007,659 General and administrative 2,172,650 2,347,006 Selling expenses 703,896 1,017,760 Provision for bad debt 83,944 419,585 Depreciation and amortization 659,541 704,795 Severance costs 170,000 629,814 ------------------------- 5,875,446 8,126,619 -------------------------Loss from operations (4,405,105) (4,952,752)Other (expense) income: Interest expense (653,064) (395,676) Interest income 10,706 63,646 Gain on sale to P-Com 12,259,875 -- Other income (expense), net 238,076 (71,045) ------------------------- 11,855,593 (403,075) -------------------------Net income (loss) 7,450,488 (5,355,827)Cumulative undeclared dividends on preferred stock (860,635) -- -------------------------Income (loss) attributable to common stockholders $6,589,853 $(5,355,827) =========================Net income (loss) per common share: Basic and diluted $0.42 $(0.47) =========================Shares used in computing basic and diluted net income (loss) per common share 15,622,610 11,431,626 =========================Comprehensive income (loss):Net income (loss) $7,450,488 $(5,355,827)Unrealized loss on marketable securities (635,000) -- -------------------------Comprehensive income (loss) $6,815,488 $(5,355,827) =========================
SOURCE: SPEEDCOM Wireless Corporation
SPEEDCOM Wireless Corporation, Sarasota Investor Contact: Gil Sharell, 941-907-2361 gsharell@speedcomwireless.co
HYVR news...........
VANCOUVER, Wash., Feb 12, 2004 (PRIMEZONE via COMTEX) --
Hydro Environmental Resources, Inc. (OTCBB:HYVR) received a letter of intent from Terra Nova Nurseries to install its Electrical Chemical Hydrogen Fuel Reactor (ECHFR). The letter outlines the agreement to have a unit designed and installed to supplement both the existing hydronic root heating system, as well as providing hydrogen to be consumed through its converted natural gas burning commercial heating units within the greenhouse.
'This exciting project is the ideal forum to showcase our technology,'says interim CEO Mark Shmulevsky. 'It permits us to utilize all three aspects of our reactor. The first application is our heat recovery process. The unit will recapture the BTU or heat energy generated during the chemical reaction and channel it to provide heated water to the green house hydronic root heating system. The second application demonstrates our ability to provide Hydrogen gas to the converted natural gas burning commercial heating units. The third and emerging application is that of the collection of the re-sellable byproduct produced during the running of the ECHFR. The goal of this project is to reduce the overall costs and dependence on natural gas, as well as facilitating Terra Nova's aspiration to become a truly 'green'green house. We are extremely pleased to be working with a partner like Terra Nova Nurseries. Their award winning contributions and worldwide reputation for innovation in their field is a great foundation for us to begin building our relationship. The success of this project will allow us to further explore additional opportunities in the agricultural sector.'
About Terra Nova Nurseries
Terra Nova Nurseries is a privately owned company founded in 1991. It is an innovative plant production company developing, introducing and producing new, hardy perennials for the international marketplace. Terra Nova has created a niche of premium perennials, the majority unavailable at any other nursery in the world. Their marketing is primarily done through mail order nurseries, garden centers, specialty nurseries, and premium plant wholesalers. Web site: www.terranovanurseries.com
About Hydro Environmental Resources
Hydro Environmental Resources, Inc. holds the rights to the Electrical Chemical Hydrogen Fuel Reactor (ECHFR), which is one of the first hydrogen reactors that eliminates the need for an outside energy source to produce a pure commercial-grade of hydrogen at low pressure. This proprietary process delivers a highly mobile, more cost-effective and physically safe production of hydrogen than alternative methods, which require outside energy sources such as electricity, solar power and fossil fuels. The Company (HERI) was founded in 1998 with the primary goal of exploring avenues to improve the global environment through the development of safe and efficient methods of alternate energy production. The HERI team is focused on the production of alternate energy in the form of hydrogen gas, heat recovery, clean and potable water, through its breakthrough technologies. Today the ECHFR can provide environmentally safe and cost-effective hydrogen and heat energy to meet the needs of the enormous alternative energy industry
re WAVX..I believe this is the sixth class action lawsuit filed against the company.
February 11, 2004
BALA CYNWYD, Pa., Feb 11, 2004 /PRNewswire via COMTEX/ --
The following statement was issued today by the law firm of Schiffrin &Barroway, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Massachusetts on behalf of all purchasers of the common stock of Wave Systems Corporation (Nasdaq: WAVX) ('Wave Systems'or the 'Company') from July 31, 2003 through December 18, 2003, inclusive (the 'Class Period').
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin &Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com.
The complaint charges Wave Systems, Steven Sprague and Gerard T. Feeney with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. More specifically, the complaint alleges that throughout the Class Period, the defendants issued a series of material misrepresentations to the market concerning the Company's business agreements with Intel Corporation ('Intel') and IBM. In truth and in fact, however, unbeknownst to investors, the defendants'statements during the Class Period were materially false and misleading because they failed to disclose and/or misrepresented the following adverse facts, among others: (1) that Intel would not be entering into a revenue producing licensing agreement with the Company; (2) that the Intel contract did not require Intel to purchase any software; and (3) that IBM was not embedding Wave Systems'software into IBM computers; and (4) that the IBM transaction would provide no direct revenue to the Company.
On December 18, 2003, Wave Systems reported that the SEC had commenced a formal investigation into certain matters relating to Wave Systems. The SEC's investigative order, received by Wave Systems on December 17, 2003, related to certain public statements made by Wave Systems during and around August 2003, as well as certain trading in Wave Systems'securities during such time. News of this shocked the financial market. Shares of Wave Systems fell 17.13%, or $0.31 per share, to close at $1.50 per share on extremely high volume on December 19, 2003.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin &Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com.
If you are a member of the class described above, you may, not later than 60 days from the date of the first-issued notice move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Schiffrin &Barroway, LLP, or other counsel of your choice, to serve as your counsel in this action.
CONTACT: Schiffrin &Barroway, LLP Marc A. Topaz, Esq. Stuart L. Berman, Esq. Three Bala Plaza East, Suite 400, Bala Cynwyd, PA 19004 1-888-299-7706 (toll free) or 1-610-667-7706 Or by e-mail at info@sbclasslaw.com
re WAVX, here's the latest Class Action Lawsuit.
NEW YORK, NY, Feb. 10, 2004 (MARKET WIRE via COMTEX) --
A securities class action lawsuit was commenced in the United States District Court for the District of Massachusetts on behalf of all persons who purchased or acquired securities of Wave Systems Corporation (NASDAQ: WAVX) ('Wave'or the 'Company') between July 31, 2003 through February 2, 2004, inclusive (the 'Class Period'). A copy of the Complaint is available from the Court or from Bernstein Liebhard &Lifshitz, LLP. Please visit our website at http://www.bernlieb.com or contact us at (800) 217-1522 or by e-mail at WAVX@bernlieb.com.
The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period which statements had the effect of artificially inflating the market price of the Company's securities.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements to the investing public to inflate the Company's shares by associating the Company 'publicly' with two of the World's biggest technology companies -- Intel and IBM. With the 'appearance'of two new separate revenue streams, defendants sought to, and did, raise monies via a private placement for the Company, and certain of the Company's officers and directors pocketed over $1.5 million in insider trading proceeds. On December 18, 2003, the Company issued a press release in which it announced that the SEC was investigating certain public statements made by Wave in August 2003, as well as certain insider selling that occurred around the same time. Defendants'public statements during the Class Period failed to disclose that (1) the Company's IBM announcement dated August 4, 2003 would result in no direct revenue to the Company; (2) the Company's Intel announcement dated July 31, 2003 was actually immaterial and would not generate any revenue to the Company until 2004, if ever; (3) the so-called Intel contract did not require Intel to purchase even one piece of software; and (4) the number of Trusted Platform Module-enabled motherboards shipped over the course of 2003 and 2004 would be de minimis.
The complaint further alleges that, as a result of the defendants' false statements, Wave stock traded at inflated levels during the Class Period, increasing to as high as $4.53 per share on August 5, 2003, whereby the Company and the Company's top officers and directors sold more than $8.6 million worth of their own shares.
Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Wave securities during the Class Period. If you purchased or otherwise acquired Wave securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than April 5, 2004.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as 'lead plaintiff.'Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard &Lifshitz, LLP, or other counsel of your choice, to serve as your counsel in this action.
Bernstein Liebhard &Lifshitz, LLP has been retained as one of the law firms to represent the class. The attorneys at Bernstein Liebhard &Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors. For more information about Bernstein Liebhard &Lifshitz, LLP, please visit our website at http://www.bernlieb.com.
If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact the Shareholder Relations Department at Bernstein Liebhard &Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, (800) 217-1522 or (212) 779-1414 or by e-mail at WAVX@bernlieb.com.
Contact: Shareholder Relations Department Bernstein Liebhard &Lifshitz, LLP (800) 217-1522 or (212) 779-1414 WAVX@bernlieb.com
SOURCE: Bernstein Liebhard &Lifshitz, LLP
PCOM news....more about......
This came out yesterday, but since no one else posted it, here it is.....
The reason it's late is because I've been moving my computer,(my office, so to speak) into my bedroom.
About this PR; I'm not sure I understand what they are doing.
Are they diluting the OS?
Anyone who has a better understanding of this, please fill me in...TIA
CAMPBELL, Calif., Feb 6, 2004 /PRNewswire-FirstCall via COMTEX/ --
P-Com, Inc. (OTC Bulletin Board: PCOM), a worldwide provider of wireless telecom products and services, announced that its registration statement on Form S-1 was declared effective by the Securities and Exchange Commission on February 6, 2004. The registration statement registers the resale of 608,532,358 shares of P-Com common stock, par value $.0001 per share, to be offered from time to time by the selling stockholders named in the prospectus that forms a part of the effective registration statement. Of the 608,532,358 registered shares:
-- 177,055,243 are shares of P-Com's common stock that are currently outstanding and may in the future be sold from time to time by certain selling stockholders; -- 11,457,487 are shares that may in the future be issued to certain selling stockholders upon conversion of P-Com's outstanding Series B Convertible Preferred Stock; -- 206,257,028 are shares that may in the future be issued to certain selling stockholders upon conversion of P-Com's outstanding Series C Convertible Preferred Stock; -- 13,333,333 are shares that may in the future be issued to certain selling stockholders upon conversion of P-Com's outstanding Series D Convertible Preferred Stock; and -- 200,429,267 are shares that may in the future be issued to certain selling stockholders upon the exercise of certain warrants to purchase shares of P-Com's common stock.
P-Com will not receive any of the proceeds from the sale of the shares of common stock by the selling stockholders. P-Com may receive proceeds from the exercise of warrants held by the selling stockholders if they opt to pay the exercise price in cash rather than executing a cashless exercise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of P-Com common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained at www.sec.gov or from P-Com, 3175 Winchester Boulevard, Campbell, California 95008, or by phone at 408-866-3666.
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.
PGHI symbol change..more about.......
The PR doesn't give a date or any kind of time frame for the change, so I had to call the company.
The change is effective TODAY,
PGHI is now GZFX.......
This is a reverse merger, but because of the recent increase in the PPS, there are no plans for a RS....(according to the company)
Name and symbol change coming for PGHI....
Friday, Febuary 6, 2004 06:30 AM ET Printer-friendly version
FRANKLIN, KY--(MARKET WIRE)--Febuary 6, 2004-- Point Group Holdings, Incorporated (OTC BB: PGHI, news) formally announces it has amended its articles of incorporation to change its corporate name and a request has been made to the OTCBB for a new trading symbol. The new corporate name will be GameZnFlix, Inc. and will trade under the symbol (OTC BB: GZFX, news).
John Fleming, CEO/President, stated, "We have been working for over a year to complete this part of our business plan and the management teams at both GameZnFlix.com and VeeGeeZ.com are really excited about the future of the company. The name and symbol change is our final step towards changing the direction of the old holding company towards our future as part of the video game, DVD and entertainment industry."
GameZnFlix, Inc. currently markets its video game rentals through its wholly owned subsidiary, www.VeeGeeZ.com and in the near future will be opening a new website www.GameZnFlix.com to offer DVD movies, video game rentals and other entertainment projects. The company has currently has two distribution centers, Los Angeles, California and Franklin, Kentucky, with plans for an additional two to three more centers during 2004.
For more information contact Investor Relations at (877) 788-1940 or e-mail ron@equitilinkpr.com or examine the following websites:
GameZnFlix, Inc.: http://www.gameznflix.com
Veegeez.com, LLC: http://www.veegeez.com
PTSC news....more about.....
Several weeks ago Patriot Scientific initiated lawsuits against several large companies for illegally using it patented computer chip technology.
Now, this seems to be having even better results than expected.
This, IMO, could develop into something very interesting..
SAN DIEGO, Feb 6, 2004 /PRNewswire-FirstCall via COMTEX/ --
Patriot Scientific Corporation (OTC Bulletin Board: PTSC) said today that it will respond to legal action against the company by Intel Corporation and will continue to pursue actions against companies that are infringing on its patents.
Intel Corp. is seeking a declaration that it is not infringing Patriot Scientific's microprocessor clocking patent and is seeking a court order stopping Patriot from suing the balance of Intel's customers. This relief is being sought via a declaratory judgment in the Northern District of California, Case No. 04CV0439.
Patriot Scientific Corp. has filed complaints against Matsushita, Sony, Fujitsu, Toshiba and NEC seeking damages in excess of several hundred million dollars. Patriot Scientific's patents describe the principal means used by the microprocessor industry to increase the internal operating speed of modern microprocessors. Patriot Scientific'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 Scientific's technology.
Jeff Wallin, president and CEO of PTSC, said, 'We will respond to this action by Intel in a vigorous manner, including a substantial likelihood that Patriot will assert counterclaims for, among other things, infringement. Significant segments of the electronics industry are currently benefiting from technology owned by Patriot Scientific. Microprocessors operating at speeds above 110 - 120 MHz may be in violation of portions of our patent portfolio.'
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
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
Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or email, info@hawkassociates.com, for Patriot Scientific; or Lowell Giffhorn, Patriot Scientific, +1-858-674-5018
http://www.ptsc.com
WAVX, and ANOTHER lawsuit. The PPS fell off .19 today to 1.61.
Any guesses on where it will be in a week?.....LOL
{b]BALTIMORE, MD, Feb. 05, 2004 (MARKET WIRE via COMTEX) --
Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Wave Systems Corporation (NASDAQ: WAVX) between July 31, 2003 and February 2, 2004, inclusive (the 'Class Period').
The case is pending in the United States District Court for the District of Massachusetts against defendant Wave and certain of its officers and directors.
The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period which statements had the effect of artificially inflating the market price of the Company's securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a member of the Class, you may move the court no later than April 4, 2004 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.
If you were a purchaser of shares of the company listed above during the period indicated and want to discuss your legal rights, you may e-mail or call Law Offices Of Charles J. Piven, P.A. who will, without obligation or cost to you, attempt to answer your questions. Law Offices Of Charles J. Piven has been involved in securities litigation for over ten years. You may contact Law Offices Of Charles J. Piven, P.A. at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@pivenlaw.com or by calling 410/986-0036.
Contact: Law Offices Of Charles J. Piven, P.A. Baltimore, Maryland Charles J. Piven 410/986-0036 hoffman@pivenlaw.com
SOURCE: Law Offices Of Charles J. Piven, P.A.
Yeah walk, that was cute, but......
she's too old for me!
I talked to Chuck and then forwarded your email to him.
You will probably hear from him shortly.
Wow Greg, that's a great answer.......
Free trades for a month would cost the Broker next to nothing and, if they were wrong, it would give them an easy out.
This may sound funny, but sometimes betting on the "pretty horsey" is all it takes....
I like PGHI because those are the initials of my former High School..........Pacific Grove Hi.(the PG Breakers)
Plus, David Duval, the golfer, owns stock in it.....:)
Awright!.......awright!...so what?
Go Breakers Go!
Have a nice evening folks.........:)
It appears that both ARES and PGHI are coming back a bit.
ARES, at .011 closed up 23.60%
PGHI, at .089 closed up 20.27%
The charts should revel more in the next few days.
Wise, that depends.....As always, money talks.
If your trade was a fair to large size investment, you would then have clout.
If it was a hundred bucks or so, you have to weigh the positives against the negatives.
A few months ago I got nailed for a trade I made on a spinoff stock. My investment was only a couple hundred bucks.
The parent company spun off the stock and it went into my account.
I immediately sold it and, a couple of weeks later, the parent company cancelled the spinoff.(didn't know they could do that!)
I received email from my Broker saying, in effect, that I would have to replace the money or they would send me off to boogieland.............clout!.....I didn't have any.
I had to sell another stock to replace the funds.
Had that been a trade involving thousands of dollars I probably would have fought it.
The more money there is involved the more likely it is that an attorney could be brought in.........clout!
Wise, re QBID.......
For you or anyone else who may be in it, congrats...
For me, because it's a Pink, I'm content to sit on the sidelines.
It seems that for every one Pinksheet stock that makes healhy moves there are dozens, maybe hundreds that dump on you.
So far, IMO, QBID has been an absolute scam.
Whoda thunk it would do what it did.
Wise, did they add or subtract a zero?.eom
Jeez! a SECOND class action lawsuit against WAVX..
NEWARK, N.J., Feb 04, 2004 (PRIMEZONE via COMTEX) --
A class action lawsuit was filed in the United States District Court for the Southern District of New Jersey on behalf of all purchasers of the securities of Wave Systems Corp (Nasdaq:WAVX)('Wave'or the 'Company') between August 4, 2003 and December 18, 2003 (the 'class period').
The complaint alleges that Wave, and individual defendants Steven Sprague, and Gerard T. Feeney, violated the federal securities laws (sections 10(b) and 20(a) of the Securities Exchange Act of 1934) by issuing materially false and misleading public statements regarding certain software license agreements with International Business Machines, Corp. ('IBM'). Specifically, during the class period, Wave announced that it had entered into an agreement with IBM to embed Wave's software inside certain IBM notebook and desktop computers. This press release, among others during the class period, was materially false and misleading.
If you are a member of the class described above, you may, not later than 60 days from the date of the first-issued notice, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. You may retain Zimmerman, Levi &Korsinsky, LLP, or other counsel of your choice, to serve as your counsel in this action.
For more information or to obtain a copy of the complaint, please contact Eduard Korsinsky, Esq.
SOURCE: Zimmerman, Levi &Korsinsky, LLP
Zimmerman, Levi &Korsinsky, LLP Eduard Korsinsky, Esq. 39 Broadway, Suite 1440, New York, N.Y. 10006 (212) 363-7500 (800) 835-4950, Toll Free Email: ek@zlklaw.com
Class Action Suit against WAVX...........
SAN DIEGO, Feb 4, 2004 (BUSINESS WIRE) --
Milberg Weiss (http://www.milberg.com/cases/wave/) today announced that a class action has been commenced in the United States District Court for the District of Massachusetts on behalf of purchasers of Wave Systems Corporation ('Wave') (NASDAQ:WAVX) common stock during the period between July 31, 2003 and February 2, 2004 (the 'Class Period').
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss at 800/449-4900 or via e-mail at wsl@milberg.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.milberg.com/cases/wave/. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
The complaint charges Wave and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Wave creates technologies and services to secure and sell digital information. The Company's EMBASSY technology is a hardware and software-based device that enables secure transaction processing and distributed information metering in users'personal computers.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements to the investing public to inflate the Company's shares by associating the Company 'publicly'with two of the World's biggest technology companies -- Intel and IBM. With the 'appearance'of two new separate revenue streams, defendants sought to, and did, raise monies via a private placement for the Company, and certain of the Company's officers and directors pocketed over $1.5 million in insider trading proceeds. On December 18, 2003, the Company issued a press release in which it announced that the SEC was investigating certain public statements made by Wave in August 2003, as well as certain insider selling that occurred around the same time. Defendants'public statements during the Class Period failed to disclose that (a) the Company's IBM announcement dated August 4, 2003 would result in no direct revenue to the Company; (b) the Company's Intel announcement dated July 31, 2003 was actually immaterial and would not generate any revenue to the Company until 2004, if ever; (c) the so-called Intel contract did not require Intel to purchase even one piece of software; and (d) the number of Trusted Platform Module-enabled motherboards shipped over the course of 2003 and 2004 would be de minimis.
The complaint alleges that, as a result of the defendants'false statements, Wave stock traded at inflated levels during the Class Period, increasing to as high as $4.53 per share on August 5, 2003, whereby the Company and the Company's top officers and directors sold more than $8.6 million worth of their own shares.
Plaintiff seeks to recover damages on behalf of all purchasers of Wave common stock during the Class Period (the 'Class'). The plaintiff is represented by Milberg Weiss Bershad Hynes &Lerach LLP, who has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
Milberg Weiss Bershad Hynes &Lerach LLP, a 190-lawyer firm with offices in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and Philadelphia, is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of World War II and other human rights violations, and has been responsible for more than $30 billion in aggregate recoveries. The Milberg Weiss website (http://www.milberg.com) has more information about the firm.
SOURCE: Milberg Weiss Bershad Hynes &Lerach LLP
Milberg Weiss, San Diego William Lerach, 800-449-4900 wsl@milberg.com TICKERS: WAVX
joepcf, it looks like ICMH is setting up to do just that.
The Bollinger Bands are coming together very sharply and the PPS is way below the 200 DMA.
joepcf, re GLBE and VPER.........
GLBE, at .03 is up 20%, but sitting on a resistance line.
If it pushes through this, it should move to about .07 before hitting more resistance.
VPER, at 1.04 is up 21% and has had a hell of a run in the last couple of months, but seems to be dropping back.
linchuck, it's also true..:) Another benefit is that I don't have to unzip, pull-down, or take-off anything to take a leek.
But, when the dust settles, I would rather see it on a woman!