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Where exactly is the corporate headquarter located in? In a cardboard box off a highway!?! This is a joke. Have anyone ever visited the 9050 Pines Boulevard, Pembroke Pines, FL 33024 location?
http://maps.google.com/maps?f=q&hl=en&q=9050+Pines+Boulevard,+Pembroke+Pines,+FL+33024&i...
You sound like you were in ADGI/GTE/GTEM for 11 years...playing same old game after another. Its all about the next big "NEWS" and drawing in suckers, isn't it? LOL.....
Who needs substance over form... LOL...
Revenues of which all is intercompany, hence the reason why revenue pretty much equals cost of sales... After SEC investigation is done, your mind will be enlightened, grasshopper...
There are many, many shell company plays out there that has done similar activity as GTE and there are many that has not gotten the attention of authorities. However, when authorities does take notice, its usually end of the game since no one will risk going to jail.
Do you recall situation at Stinger Systems?
http://www.siliconinvestor.com/readmsg.aspx?msgid=21563544
http://finance.yahoo.com/q/ta?s=STIY.OB&t=2y&l=on&z=m&q=l&p=&a=&c=
You are entitled to your opinions, however, the history of GTE or American Diversified Group will tell you that its still same old shell game... i.e. Bigger fool theory/suckers are born everyday, etc.
http://www.stockpatrol.com/article/key/americandiversified
http://webreprints.djreprints.com/1397170348173.html
Another perspective of what AMEX accused that SEC will dig alot deeper since SEC has muscle to do so.
Among the concerns GlobeTel said AMEX outlined as underlying its noncompliance determination are:
failure to make timely, accurate and complete disclosure of material corporate developments, as well as engaging in a pattern of issuing materially misleading and overly promotional public disclosures
failure to comply with Securities and Exchange Commission reporting obligations by filing incomplete, misleading and/or inaccurate information in public filings
failure to provide information to AMEX
providing materially false and misleading information and statements to AMEX staff, hindering its investigation of the company's compliance with AMEX listing requirements
acting to interfere with the operation of a fair and orderly market by issuing public statements not warranted by GlobeTel affairs, but intended to affect the price of its common stock
association with an individual with a history of regulatory misconduct that rises to the level of a public interest concern
serious internal control weaknesses that rise to a level of a public interest concern
http://twincities.bizjournals.com/southflorida/stories/2006/08/21/daily34.html
Skunk, being investigated by SEC is kind of like being investigated by IRS... once you get their attention, you are under microscope. Even the blue chip fortune 500 companies has skeletons in their closet, now question is... what kind of sleletons will SEC uncover in GTE... Considering how GTE treated AMEX staff in delisting inquiry, I know there will be some skeletons that will be uncovered and be known to all in due time...
This post is not to knock or gloat in behalf of some honest investors, but to put everything in perspective.
To put this in perspective... we are talking about heavily understaffed SEC investigating a penny stock! For SEC to even care enough to investigate a penny stock company like GTE does not bode well at all. No matter how people try to paint this, its end of the road. Don't expect any flurry of positve PR's, not when they now got the attention of SEC breathing down every little BS that GTE might have spitted out previously...
The bogus shell penny stock companies game should be to fool amateurs while staying under the authorities radar, but someone at the management got too greedy.
Someone should e-mail Huff and crew the following link.
http://www.abanet.org/buslaw/blt/blt00may-sec.html
I like to throw in another, what appears to be undervalued and slightly distressed that can possibly turnaround.
STG .67 X .69
Shares outstanding 44 million
Market Cap $39 million
Annual Revenue $410 million
Debt $17 million
***Descriptions***
Stonepath Group, Inc. operates as a nonasset-based third-party logistics services company, which provides supply chain solutions worldwide. The company offers transportation and distribution solutions through its domestic services platform, which manages and arranges the movement of raw materials, supplies, components, and finished goods to the customers. Its service offerings include freight forwarding, customs brokerage, time definite transportation, warehousing, and other value added services. Its freight forwarding services include domestic and international air, ocean, and ground freight forwarding for shipments, as well as motor carrier services. The company offers its services to manufacturers, distributors, and national retail chains through a network of offices in 29 major metropolitan areas in North America and Puerto Rico, and 19 locations in Asia, as well as through a network of independent carriers and service partners located worldwide. Stonepath Group was incorporated in 1998 and is headquartered in Philadelphia, Pennsylvania.
http://finance.yahoo.com/q/ks?s=STG
http://biz.yahoo.com/prnews/060331/nyf128.html?.v=1
http://biz.yahoo.com/pz/060313/95546.html
http://biz.yahoo.com/bizj/060310/1255937.html?.v=1
http://biz.yahoo.com/prnews/060310/nyf032.html?.v=40
http://biz.yahoo.com/prnews/060306/nym139.html?.v=37
Hello Group, I just came across and found your board...and thought this might be of interest...
SAMC.OB .71 X .74
227M outstanding shares, however, has convertible preferred not yet converted.
Revenue- $961 Million
Positive Cash Flow
Around $300 Million in debt- (Bonds trading at 1.04)
http://finance.yahoo.com/q/ks?s=SAMC.OB
http://finance.yahoo.com/q/is?s=SAMC.OB&annual
http://finance.yahoo.com/q/bs?s=SAMC.OB
http://finance.yahoo.com/q/cf?s=SAMC.OB
* * * * * * * * * * DESCRIPTION * * * * * * * * * *
Samsonite has been tossed around over the years. The world's #1 Luggage maker, the company makes softside and hardside suitcases, garment bags, and business cases under brand names such as Samsonite and American Tourister.
Samsonite also licenses its name for non-luggage products and has Introduced designer clothing to its product mix. Its products are available in more than 100 countries and through about 200 company-owned stores. In 2005, the company entered an agreement to produce travel gear for Timberland. Ares Partners Management Company owns some 40% of Samsonite and Bain Capital owns about 25%.
Samsonite has been expanding its product offerings, most notably in the high fashion realm. The company hopes American women in particular will adorn themselves in its Black Label line of travel attire and shoes.
Samsonite is also looking to boltster sales in emerging markets such as China, India, Latin America, and the Pacific Rim; more than half of the company's sales come from outside the US. The company's earnings took a serious hit in fiscal 2002 as a result of decreased travel after the Sept. 11, 2001 terrorist attacks.
HISTORY:
Shwayder founded Shwayder Trunk Manufacturing in Denver in 1910 to make trunks and hand luggage. Samson, denoting strength, was the company's first brand, and ads featured all the Shwayder brothers standing on top of one suitcase. During the Depression the company was renamed Shwayder Brothers; it introduced the first Samsonite-brand suitcase in 1939. After WWII and the Korean War, the company began making luggage with synthetic materials.
Samsonite (the company's name as of 1965) was bought by Beatrice Foods in 1973. By the early 1980s the company was suffering from foreign competition. LBO firm Kohlberg Kravis Roberts bought it in 1986 and spun it off into a new company called E-II. E-II filed for bankruptcy in the early 1990s.
Financiers led by Leon Black brought E-II in 1993 under the name Astrum International. Also that year the company bought rival American Tourister. In 1995 Astrum split up and Samsonite emerged a public company.
The company cut costs and introduced new products in 1996, but much Of Samsonite's inventory was being sold cheaply in its own stores, annoying retail customers. President and COO Luc Van Nevel became CEO in May 1998. A few months later shareholders sued company directors and Black's Apollo Advisors, claiming they issued misleading statements about the company's success, thereby inflating its stock price. (Samsonite obtained shareholder litigation insurance to cover the costs of the suit which was settled for around $24 million.)
By the end of 1999, Apollo and Francois Pinault's investment company,Artemis, had upped their stakes in Samsonite to a combined 60%. In 2001 Samonsite closed its Denver plant, which was its last US manufacturing plant.
MARKETS:
Samsonite products, sold worldwide, are made in Belgium, China, France,Hungary, India, Italy, Mexico, the Slovak Republic, and Spain.
Selected Brands:
American Tourister (worldwide, leisure travel)
Hedgren
Lacoste
Samsonite (worldwide, business travel)
Samsonite Black Label
Trunk & Co
COMPETITORS:
Academy Sports & Outdoors
American Eagle Outfitters
Brown-Forman
Coach
Forward Industries
Gucci
Prada
J. C. Penney
kate spade
Lands' End
L.L. Bean
LVMH
SKB
Tumi
Wilsons The Leather Experts
There seems to be no interest, until just this friday, and RB Board is occupied by myself and few others.
http://ragingbull.lycos.com/mboard/boards.cgi?board=SAMC
I am a lurker here on this board and RB... and its funny how the mood in the board community changes, depending on the changes in circumstances.
Just for the disclosure, I have bought in end of December on a stock screener that I run at end of every week, and noticed APYM and fell in love with it (opps, I am not supposed to...) I am sure every long here knows of the potential this stock has over other pennies out there, so I won't bore you with that. Its been a quiet a ride, all the ups and down, and tested my nerve to sell on alot of occations, but not only have I held on, I've been unloading other plays to buy more of this stock over last few days.
I had no idea that we will ever see 1.30's (almost 58% retracement from the high) but when the opportunity comes, you have to take advantage, don't you not? (there you go, now that I said that, we will test that range once again :), hopefully not) The fact that APYM, being a fast growing company, and with new section 404 of sarbanes oxley to adhere to, it should have been understandable for the late filings. I believe if not mistaken, over 30% of publicly traded, including the blue chips have requested extentions for late filings this year. As far of some of the doomssayers saying it might be due to fraud..., well, sometimes you just have to trust the management as hard as that might sound.
As for the future, please read following excerpts:
<<No credit card system exists for 99 per cent of local consumers, who instead have access to a debit card system known as China UnionPay, which they can use to purchase goods and services.
"When the time comes, I believe the mainland's debit card payment system and credit cards will develop in tandem. There is already a strong debit card culture well established here, so people are getting used to non-cash transactions," he says, adding that the only thing holding the nation back from developing a local credit card service is its accession to the WTO, due in 2007. "When that happens, we anticipate that credit cards will be able to be issued here," he says. "By the time the Olympics come to Beijing in 2008, we hope there will be a fully established credit card system in place," he says.>>
http://www.chinadaily.com.cn/english/doc/2005-04/19/content_435400.htm
The aforementioned is the main reason for me buying this stock in December and held and added through now and unless things change through 2008, I will hold and sell to the instituions funds at $______.
Anyways, sorry for the long post and good luck to all and will be getting back to lurking mode.
cdrom
Welcome,
The purpose of creation of board is to discuss investment potential of IDI with like mind investors.
Gordon_Setter - You may have stumbled onto something here.
The SHO rule doesn't alter the basics of short-selling, a time-honored way for traders to make money by borrowing shares from a broker and betting a stock will decline in price. Short-sellers hope to profit by selling borrowed shares and later replacing them with cheaper ones.
But the rule does clamps down on naked shorting, where traders place short bets without actually borrowing shares -- or even determining that any exist to borrow.
By brokers getting permission to borrow shares, that would preclude the shares being "naked". There was a situation on another company where management requested shareholders tp promptly call your brokers and have your stock taken out of street name or put into a cash account. This only means that instead of your shares being registered in your broker's name or being held in a margin account, they would be registered in your name or placed in a cash account. You would still own the stock, and your ability to hold or sell the stock would not change.
Here is the full article:
We Would Like Your Help. However, there is something that you might be able to do to help us, and in the process, help yourself. As you know, like many stocks in the technology industry, MicroStrategy's has been recently trading at a low share price level. Although general market sentiments about technology stocks and our company have undoubtedly played a major role in the recent price of our stock, management believes that the current stock price is also attributable in part to heavy selling pressure from "short selling" in the marketplace. Therefore, let me take a minute to explain "short selling" and what we think you can do to help.
Effect of Short Selling on a Company's Stock Price. In "short selling," traders sell stock they do not own by borrowing shares from a broker that need to be returned at a later date. If the stock price goes down, the short sellers buy stock in the market at a lower price, return the stock to the broker and make a profit. By selling first and buying later, short sellers benefit from stock prices going down instead of up. This makes their interest in our company directly opposite from what most of our stockholders want -- i.e., for the price of our stock to increase. If there is a lot of short selling, supply of our shares may exceed demand for our shares, causing the stock price to go down. In other words, short sellers can make money by selling enough stock short to artificially increase the volume of selling and drive down the market price.
Short Sellers Borrow Stock From Stockholders Like You. Where do the traders get the stock to borrow? Ironically, whether you know it or not, they probably have been borrowing shares from stockholders like you. If your shares are registered in your broker's name instead of yours or are held in a margin account, your broker may have lent your MicroStrategy shares out to these "short sellers." In other words, if your MicroStrategy shares are registered in your broker's name or being held in a margin account, the brokers are free to lend your shares out to short sellers. So, while short sellers are borrowing your stock, they are actually working against your interest in seeing a higher MicroStrategy stock price.
While many companies experience short selling in the marketplace, the amount of short selling compared to the trading volume in our stock has recently been unusually high. Our financial advisors believe this may be adding downward pressure on the price of our stock. Friedman Billings Ramsey, our financial advisor, has commented, "among other factors, a large short position, like that existing today in MicroStrategy stock, can significantly depress the price of a stock. Companies should take action to address the factors that lead to excessive short selling."
How Stockholders Can Help Combat Short Selling. To carry out short sales, traders need to borrow stock from brokers that is registered in "street name" or held in a margin account. However, if enough stock is taken out of street name or margin accounts, short sellers will have difficulty maintaining the current volume of short sales. Therefore, we are asking all of our shareholders to do the following:
Promptly call your brokers and have your MicroStrategy stock taken out of street name or put into a cash account. This only means that instead of your shares being registered in your broker's name or being held in a margin account, they would be registered in your name or placed in a cash account. You would still own the stock, and your ability to hold or sell the stock would not change.
What would change? A short seller would not be able to borrow your stock for short sales without your permission. So long as the stock is registered in the broker's name, the broker is the legal owner of record, and can lend your stock to a short seller without your permission. Similarly, so long as you have your stock in a margin account, it is available for loan by your broker. If you have the stock registered in your own name or placed in a cash account, brokers will not be able to do this.
Would there be any downside for stockholders in having shares registered in their own names or held in cash accounts? From an economic point of view, the answer is no -- nothing will have changed. The only difference would be administrative including some possible paperwork and expenses you may incur in re-registering or moving your shares. When you want to sell, you would have to send your broker instructions to move the stock back into street name or into a margin account, and the broker may ask you to sign some transfer documents. We think this is a small price to pay for relieving the heavy short selling pressure on our stock.
When can shares be taken out of street name or a margin account? You can seek to take shares out of street name or a margin account at any time. However, because of the heavy short selling pressure on our stock, we believe that your immediate help would be desirable. Accordingly, we are asking stockholders to call their brokers to have their shares promptly taken out of street name or a margin account.
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=mstr&script=410&layout=-6&item_id...
the price hit a high of .79 in a frenzy, with bid and asks increasing rapidly, then the spread widened and bids came down as there were profit takers willing to sell some for gain, IMO. I recently got on at .36 last week and watched this whole day. Very gratifying to see share appreciation within such a short time.
IMO, I think the the momentum is very good for this stock if you are a short term player. But for me , I am in this for a long run, like say over a year because, thats when I feel this play will reach its full potential. I am sure at some point this will slow down a little and with steady progress of implementation of business plan, this play will play itself out the way it will. Even great stocks retrace and consolidate before moving forward again. Only time will tell.
So how do you see this play out?
I think its combination of both, first the PR in the morning and the shazam in the afternoon.
http://biz.yahoo.com/iw/050110/078663.html
http://biz.yahoo.com/pz/050110/70601.html
Looks as though there were quite of profit takers in the afternoon as well. Its all good though, few shares exchanged hands and sky is still looking up at this level as well.
Any thoughts
Links to Some Great Articles
and interview with CEO for anybody thats interested.
Interview with CEO:
http://www.ceocast.com/company.cfm?cid=1809&n=102808
Great Articles:
http://sites.stockpoint.com/wpost/newspaper.asp?Mode=QUOTE&Story=20041214/349u2156.xml&Symbo...
http://sites.stockpoint.com/wpost/newspaper.asp?Mode=QUOTE&Story=20041210/345u3326.xml&Symbo...
http://sites.stockpoint.com/wpost/newspaper.asp?Mode=QUOTE&Story=20041202/337u9748.xml&Symbo...
http://sites.stockpoint.com/wpost/newspaper.asp?Mode=QUOTE&Story=20041202/337u9689.xml&Symbo...
http://sites.stockpoint.com/wpost/newspaper.asp?Mode=QUOTE&Story=20041116/321u7090.xml&Symbo...
http://sites.stockpoint.com/wpost/newspaper.asp?Mode=NEWS&Story=20041101/306u0164.xml&Symbol...
hello to board,
Seems like pretty quite here. Been trying to find message board everywhere (yahoo and Ragingbull) for discussion of APYM and to no avail. Glad I found something. Just got on board of APYM last couple of weeks and liking what I have been reading up on so far. Good luck to all.