Telkonet Inc (fka TKO)

[popmenke]

Clear it up!

Let's look again, $1.51 after market close on Monday, July 23, and $1.56 after market close on Friday, July 27; a 5 cent increase for four days, but an increase nonetheless. Sorry it wasn't clear enough to some. I will still take an increase over a four(4) day period and it is still better that the market crunch felt this week. Simple right?

Also, for those who fail to still understand, TKO is in compliance now. Here it is...

For Immediate Release: July 25, 2007 NEWS RELEASE


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Telkonet in Compliance with AMEX Listing
Requirements; Receives Warning Letter from AMEX


Germantown, MD, Telkonet, Inc. (AMEX: TKO), the leader in providing in-building broadband access over existing electrical wiring, today announced that it received correspondence from the American Stock Exchange (AMEX) indicating that it has resolved the continued listing deficiencies referenced in the AMEX’s letter, dated April 17, 2007. After reviewing the Company’s Plan of Compliance, which was submitted to AMEX on May 1, 2007, AMEX determined that the Company has taken appropriate action to bring it into compliance with Section 120 and 121(A) of the AMEX Company Guide.

I know, I know, here is the second part...

However, after reviewing publicly available information and information provided by the Company, AMEX determined that the Company violated certain of AMEX’s corporate governance standards in connection with certain stock option grants made during fiscal years 2005 and 2006. In particular, AMEX concluded that...blah blah blah. (- my editing in case your wondering)

Here's the good stuff, thanks for waiting!

Subsequent to the grants in question and prior to AMEX’s inquiry, the Company took remedial action to correct its deficient stock option granting procedure, including adopting formal measures to ensure the proper segregation of duties with respect to the granting, notification, approval and distribution of stock option grants under the Stock Incentive Plan on a going-forward basis. ...blah blah blah. (my editing also)

Ah! but there's more..here's the finale

After considering the foregoing remedial actions taken, and analyses performed by the Company, AMEX decided not to apply the continued listing evaluation and follow-up procedures specified in Section 1009 of the AMEX Company Guide. Therefore, AMEX will not seek to delist the Company from the AMEX nor will it require the Company to submit a Plan of Compliance with respect to the matters addressed in the Warning Letter.

Let's drop the delist banter OK?

Please enjoy the fact the TKO actually did OK this week considering. Am I in agreement with some of their decisions in the past.. no, but I believe the good will happen in the future (no date..sorry), and I will be there to enjoy it.

Have a great weekend!