This is a swing pick. I'm expecting ELCO to begin to run before the end of February, ELCO's pr. on Jan 11th had an important event occuring at the end of February. Reaching preffered bidder status and 2 subsequent contracts. ELCO's announcement on the 11th casued it to run aproximately 3x its pps. ELCO has since consolidated and most people forgot the news was coming. Pick your spots and good luck!
I have taken a position on the support line. The 50 MA and the 200 MA should cross the end of this week. The "preffered bidder" announcement should be announced soon and I believe it will break the 52 week high of .35
I have included the whole p.r. from the 11th and the headlines of subsequent pr's
The registrant had 61,281,860 shares of common stock, $.01 par value, outstanding as of November 5, 2004
Shares Outstanding:61.28MFloat:57.70M% Held by Insiders:5.84%
I've listed the recent news underneath but I'm in because the stock is at support the 50 and 200 ma's will cross soon and this news from JAN 11'th should come out END OF FEB. (2nd Paragraph) if/when this happens.....KABOOOOOM! In my opinion
NORWOOD, Mass., Jan 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), today announced that the Company is one of the sub-contractors to PA Consulting Group (PA), which the Office of Government Commerce ("OGC") has named as the Preferred Bidder for the creation and deployment of the OGC's Zanzibar eMarketplace for U.K. public sector organizations. PA is the envisaged primary contractor with Preferred Bidder status with Elcom providing the eProcurement and eMarketplace components of the Zanzibar eMarketplace system. Preferred Bidder status means that OGC will negotiate exclusively with PA in respect to a framework agreement targeted to be in place by the end of February. However, Preferred Bidder status is at all times contingent on the successful negotiation of the terms of the framework agreement and the status can be withdrawn by OGC at its absolute discretion. Accordingly there can be no assurance that these negotiations will be successful and a framework agreement consummated. Assuming negotiations are concluded satisfactorily with the OGC, Elcom expects to execute a back-to-back contract with PA for the OGC Zanzibar system directly after the framework agreement is signed. Robert J. Crowell, Elcom International's Chairman and CEO, said, "We are extremely pleased to be the eMarketplace and eProcurement solution provider to the PA consortium that has been selected as Preferred Bidder for the OGC Zanzibar eMarketplace system. This is a very large and sophisticated system which will allow all public sector organizations in England to participate in the OGC sponsored Zanzibar eMarketplace without having to go out to tender. We look forward to working closely with PA and the other members of the consortium to make Zanzibar a system that delivers quantifiable savings and other benefits to all participants and thereby serve the public good in the U.K." Zanzibar will provide a 'Procure to Pay' Marketplace, including an eHub (data warehouse, single point of access to the government marketplace for buyers and suppliers), hosted common and individual catalogues and punch out to catalogues as well as non-catalogue transactions. Zanzibar will be an OGCbuying.solutions Framework Agreement and run as a Managed Service on behalf of Government Departments and Agencies, which are expected to join as individual agencies
NORWOOD, Mass., Feb 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), a leading international provider of hosted eProcurement and eMarketplace solutions, today announced a partnership agreement with IMPAQ Business Solutions Ltd., a leading provider of supplier enablement solutions
NORWOOD, Mass., Jan 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- elcom, inc., the wholly- owned B2B eCommerce solutions subsidiary of Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), today announced that Global Procurement Group Ltd., the wholly-owned subsidiary of Global Procurement Group Inc., has selected PECOS, Elcom's remotely-hosted eProcurement and eMarketplace system, to provide a global sourcing platform to power Global Procurement Group's Automated Procurement Exchange (g-APEx(TM)).
this has picked up a little action.
Posted by dishgal1 on :
I'm in.....let's get moving.
Posted by keithsan on :
interesting close, mm's flipped quick on no volume at all, i think the mm at .15 was their to sell a few shares and when he was done it moved up.
this should begin to pick up some excitement before the "date" at the end of february as no one wants to buy after the news comes out.
Posted by cruz on :
pretty much a 50/50 deal here. don't you think?
Posted by keithsan on :
on the deal?
it is suggested that this deal will go through, the stock is on support .15 maybe .14
with deal pending it is highly unlikely for it to fall through support. If deal does come through, it will be followed "quickly" by 2 contracts, if i remember correctly they will be gov't contracts.
Basically the reward greatly outways the risk, if deal falls throuh and i lose 10% oh well. If it goes through like i expect, I'm looking at a triple bagger. IMO.
I don't want to buy at over .20 once the pr does come out... DD it thoroughly, there is no rush.
Posted by Thorn on :
All I saw was little dribbles of trades at .15 yesterday. I don't think there was much left at that price.
Posted by Raptorsrule on :
I tried all day to get in at .15 and couldn't....I finally got filled at .16.
Posted by Thorn on :
If you don't mind buying 3-400 shares at a time, three times per day, then there may be some left to trade at .15 Posted by Phrogger on :
In at .16. A little concerned about the low volume, but the prospects looked promising for the end of the month. Keithsan, I know you hear it a lot, but thanks for the DD you provide and the tips to stocks many of us newer guys might not even pick up on.
Posted by keithsan on :
hopefully your still saying it in a couple weeks Posted by Phrogger on :
Come on, The World Series and the Super Bowl. Only good things happening in the Boston area.
Posted by Thorn on :
quote:Originally posted by keithsan: hopefully your still saying it in a couple weeks
You mean you've already got another pick lined up for a few weeks from now?!?
Posted by keithsan on :
I'm always lining up picks, got thousands, just most of'em never get ripe enough to pick.
Posted by d6veteran on :
I got two orders filled on this one at .15 this week.
I did mine own DD as well and I agree with what keith is saying. Risk is like -%10 and the gain is anyone's guess.
The low volume doesn't worry me. Look at TLTD between gains ... that one turned into an ATM machine overnight.
Bling Bling.
Posted by keithsan on :
risk vs. reward.
on this one, risk is low, reward can be great.
Posted by keithsan on :
quote:Originally posted by Thorn: If you don't mind buying 3-400 shares at a time, three times per day, then there may be some left to trade at .15
thanks this is good to know,
as most know this is a bottom pick, per the heading under the first post. I forgot to put the link.
just a heads up, bid is moving up and stacking here, no news out. only one left on ask. we shall see if this is the week.
Posted by keithsan on :
ask up, c'mon piggy run, run piggy run
Posted by keithsan on :
looking for a breakout here, volume up .17 almost gone
Posted by Thorn on :
You think this will do much without news? Will it hold its new price til the news comes?
Posted by keithsan on :
great volume here, it hasn't been lower than .14 in a while. this is double to triple normal volume and its early, .17 could be gone today, news could come this week.
Posted by keithsan on :
boy this is ripe, i'm guessing that news is coming
Posted by Raptorsrule on :
T Minus.......
Posted by Raptorsrule on :
.17 is gone.....
Posted by keithsan on :
.18 gone
Posted by keithsan on :
.19 almost gone, on .2o break this should fly
Posted by keithsan on :
we got a runner
Posted by Raptorsrule on :
Here we go....hee hee hee......
Posted by keithsan on :
I'h hearing this is on traders nation if its true WEEEEEEEEE
Posted by d6veteran on :
Waking up from hibernation.
Here we go.
Posted by Thorn on :
Looks like ppl are holding. Posted by d6veteran on :
Anyone that has done the reasearch and taken a glimpse of the chart from January is gonna hold on for a couple days imo.
Posted by George on :
could this just be pumping on th eprice increase? The volume is very low with no news.
Posted by keithsan on :
news is expected this week, see first page
Posted by keithsan on :
looks like dips over and its time to rock again....
Posted by Raptorsrule on :
Agreed....starting to breathe again....
Posted by keithsan on :
low volume stocks seemed to get messed with more.
Posted by Laktu on :
This is just the start of a fantastic voyage!
Posted by Laktu on :
Got in last week at .15 and trying to get a little more at .19 (would have gotten at .17 but was gone this morning).
Posted by keithsan on :
looks like round 2 here. closed the spread 2 mm's at .20 one at .22 lets break HOD!!!!!!!!!!
Posted by Laktu on :
I've been trying to get my extra shares all afternoon and can't get the dang thing to fill I've been all over the place and still can't get them to fill the damn thing. I'm just getting greedy...why won't they let me be greedy! LOL
Posted by d6veteran on :
Sometimes you gotta let it sit for a bit on these smaller volume days. I could be out of my mind but I think the MMs try to smoke you out into a higher ask, and when you resubmit the order they know they got a live one.
Posted by Laktu on :
Yea, I didn't change the price just tried smaller orders and no all or none. Got it filled but took all afternoon.
Posted by Wallace#1 on :
Nice find kiethsan!!!!!
Posted by keithsan on :
twas a bottom pick.
Posted by Phoenixx on :
This still worth buying at .21? I hate coming late to the party..
Posted by Thorn on :
quote:I have taken a position on the support line. The 50 MA and the 200 MA should cross the end of this week. The "preffered bidder" announcement should be announced soon and I believe it will break the 52 week high of .35
However, you should do some DD and decide if it is worth it and you can handle the risk.
Posted by d6veteran on :
Some walk down the road and get some gas for this thing, we'll all wait here.
Posted by Thorn on :
Silly! They're just giving you one last chance to buy some more at a great price. (imo; do your DD)
Posted by keithsan on :
little profit taking shake. big spread again
Posted by Thorn on :
FYI: that .17 was for 100 shares. Next lowest was .19.
Now, why can't I have the foresight to sell at .24 and buy back in the next day once it has dropped? (Provided the news didn't come in ). Posted by Laktu on :
Alright, I've got all the shares I feel comfortable holding, I got a soda and some chips. A good mix tape playing. I'm ready to go Posted by candylion on :
I've had a buy order in all day at 0.19 and only 2,000 has filled. I wanted to add some more from where I bought last week, but it doesn't look like they want me to have any more!!!
Posted by Laktu on :
It really was on Tradersnation!! About 3/4 of the way down the page!
February 22, 2005 1:47pm Business Wire
PHOENIX--(BUSINESS WIRE)--Feb. 22, 2005-- Peter Hamilton, President and CEO of ActiveCore Technologies Inc., Talks with Traders Nation
Traders Nation is pleased to announce that it has completed an interview with Peter Hamilton, president and CEO of ActiveCore Technologies Inc. (OTCBB: TALL), and the interview is available at http://www.tradersnation.com/tall.shtml.
Hamilton updates listeners with current events of the company, which include diversified core technologies, worldwide product sales, multiple software segments, targeted sales forecast, profitability, acquisitions plans, nimble market presence and much more.
About ActiveCore Technologies Inc. (www.activecore.com)
ActiveCore Technologies Inc., formerly IVP Technology Corp., operates a group of subsidiaries and divisions in the United States, United Kingdom and Canada that offer a smart enterprise suite of products and services. We INTEGRATE, ENABLE and EXTEND functions performed by current and legacy IT systems. We also provide a rich product set for the disclosure of corporate information as well as mass corporate messaging through our ActiveCast product set. Our products encompass Web portals, enterprise middleware, data management, system migration applications and mobile data access. ActiveCore operates under the trade names of MDI Solutions, C Comm Networks Inc., Twincentric Limited and DisclosurePlus. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
Stocks covered throughout the show (02.22.05) include: Delek Resources Inc. (OTCBB: DLKR), OrderPro Logistics Inc. (OTCBB: OPLO), Elcom International Inc. (OTCBB: ELCO), CyberAds Inc. (OTCBB: CYAD) and Infotec Business Systems Inc. (OTCBB: IFOB).
The current rebroadcast (02.22.05) of the show features four segments. The first segment covers the top smallcap stories of the day. The second segment -- Tom Allinder, co-host of Traders Nation, and Kurt Schemers, host and creator of Traders Nation -- gives listeners the potential hot stock plays for the day. The third and fourth segments are open for industry experts, book authors, CEOs -- a variety of interesting guests and callers
Slow day at work here, trying to find out what they said about ELCO.
Posted by d6veteran on :
Any new target date for news?
Feb. is coming to a close pretty quick. Holding.
Posted by Raptorsrule on :
D6...it's not over till it's over.....LOL
This one will do fine IMHO.....
Posted by d6veteran on :
Ya, I'm jumpy lately. I've had a lot of penny stocks trade in and out within half a day, and until recently I've really been a swing trader.
Everything is like a hot potato to me now. Which has also caused me to sell off some decent stocks too early, like sprl and gtel.
Holding.
Posted by keithsan on :
recovery day, patience.
Posted by Phoenixx on :
I'm in, finally.
Posted by Phrogger on :
Good job Phoenixx, with a little luck we will break 10k shares today - LOL. The MM's love to hold this with a large spread. But, truth, justice and the Keithsan way will prevail in the end.
Posted by Phoenixx on :
quote:Originally posted by Phrogger: Good job Phoenixx, with a little luck we will break 10k shares today - LOL. The MM's love to hold this with a large spread. But, truth, justice and the Keithsan way will prevail in the end.
Lol, well I could have pushed us over 10k but I figured I better err on the side of caution, hehe. I got in at .19..maybe I'll pick up more if it drops..
Posted by d6veteran on :
Did I just see two blocks for 10k buys go through in the past 10 minutes? <rubs eyes>
Rumble rumble ...
Posted by Thorn on :
Heh. That was a nice last minute buy. Now my portfolio looks great for the day. Kind of a nice preview for Monday?
Something about government contracts has been making me think this contract might be a few days late in being signed; however we still have Monday.
Enjoy your weekend guys!
Posted by d6veteran on :
Again there were buys at the bell.
Posted by d6veteran on :
Holding.
Posted by Thorn on :
Well, they haven't lost the bid yet, or else they could say so, right? That means most likely they are just delayed in finalizing it, as I've been speculating, right?
Here's my correspondence:
To: "Investor Relations" <invrel@elcom.com> ----------------------- Hi!
I'm a current investor of ELCO. Can you tell me anything about the status of the Zanzibar eMarketplace bid with the OGC?
Thank you, ---------------------- Unfortunately, no we cannot. We can only announce the same news at the same time. There is no news to be announced on Zanzibar as of today.
Thank you for your inquiry.
Investor Relations ----------------------
Posted by keithsan on :
LOL- they are real talkative, these deals are often delayed. and your right, if they were no longer in the running most likely they'd let you know.
Posted by Ktrain420 on :
this tanked hard today!!!!!!!!!!!!............bid at .13 well Sheiot!!!
Posted by keithsan on :
wow, didn't even see that, must've been a bunch of bid crashers when the news didn't come out exactly in feb. LOL still on support though, low of day .15
Posted by Ktrain420 on :
im hangin' in long and strong!!!
Posted by MtgVo on :
Im thinking of getting in on this at .15? What you guys think? This still strong or I shouldn't bother?
Posted by Leinad on :
I'm risking myself.
I think it will go back to about 0.11.
Hope I am wrong.
Posted by keithsan on :
looks like support is 14/15 i doubt it will break down. It may do a quick shake down to there but it seems safe.
MTGVO: if the news comes, you should be happy getting in here. If it doesn't come, you should be able to exit where you got in. Its a low float, solid company. Not much risk.
Posted by Leinad on :
I should have said, if it breaks 0.14, it should go to +/- 0.11 and bounce up.
Posted by d6veteran on :
I'm holding. Small shake out.
I know one of the people that sold today and he just sold cuz he wanted the cash free for other trading -- impatient.
No bad news is good news imo.
Posted by Phoenixx on :
I just picked up some more at 15 cents.
Posted by Thorn on :
About 2,700 shares, maybe? That's the only volume so far today.
No news = No activity for today.
Posted by Phoenixx on :
quote:Originally posted by Thorn: About 2,700 shares, maybe? That's the only volume so far today.
No news = No activity for today.
Nah, only 2600 I dunno who got the 100 before me.
Hmm, bid/ask now .15/.16
EDIT: 10k block traded.
Posted by d6veteran on :
Doesn't take much to move this puppy -- 5000 buy brought the bid back up to .15.
Posted by d6veteran on :
Closing in the green today?
Posted by Thorn on :
Wow. What a spread. I think this one has a lot of people waiting in anticipation.
Posted by keithsan on :
yep they play with this one all day.
Posted by d6veteran on :
I had to stop watching this one today. The bid and ask were ticking constantly regardless of any trades.
Was that the MMs trying to shake us out? I really don't know what that means.
Posted by Thorn on :
I got some more at .14 after a long wait. I guess they are shaking some holders out of the tree.
Speaking of Elcom, they have had close ties with the OCG for a while now. They presented at a conference in May '04 along with OGC. Someone else also presented Scotland's eProcurement system (provided in part by Elcom in '02). It is no wonder they are the "preferred bidder."
Posted by Wallace#1 on :
I got another 5K @.14. Now, I wait!
Posted by d6veteran on :
We need some news!
Posted by d6veteran on :
bxa up .15x.17
Posted by d6veteran on :
anyone still in this? I'm still holding. Getting impatient.
Posted by keithsan on :
just waiting for news its on the bottom of my crawler safe, boring and waiting.
Posted by shqipe on :
I'm holding as well. Once news hits this one will move fast.
Posted by Thorn on :
I'm holding til news comes. Hoping it isn't like UWRL (but I can't see it doing like UWRL and not moving up). There's some close ties between the company and the gov, and that's how gov contracts are acquired. And the delay is very government-typical.
The longer it takes to go up, the more I end up buying Posted by Elvisdog on :
I'm holding. Actually adding a little more. When I emailed the company a week or so ago about Zanzibar deal the response was "we cannot discuss deals we have not yet finalized." Trying to read between the lines I take that as a positive. Yet finalized? Why not "in current negotiations" or something like this? I'm gonna continue to hold.
Posted by Thorn on :
Thanks, Elvisdog. Much better than the response I got:
quote:Unfortunately, no we cannot. We can only announce the same news at the same time. There is no news to be announced on Zanzibar as of today.
Thank you for your inquiry.
Investor Relations
I wouldn't be surprised if this one takes til April and yet I look with anticipation every morning for the news....
Posted by Laktu on :
Holding, adding a few bits and pieces here and there. I feel like a little kid at christmas each morning as I look for new to come.
When did you all email them? this week or last? I think I might try agian on Monday just to make me feel better
Posted by Elvisdog on :
I emailed one of the execs on the 3rd and he sent his email to me on the 4th. And he told me to email any further questions to investor relations. He said he would forward my email to them. Then Thorn, I received the same email from investor relations as you did. Anyway, I feel like Laktu and hope Christmas comes early this year.....
Posted by Phrogger on :
If I am not mistaken, their annual report is due to come out before too much longer. Last years was dated 29 March. At least there will be something as to how things are going in the company. I, too, have written them (as well as PA consulting) and am waiting a reply. Do not expect too much as is common, but thought what heck. I am confident we will get something within the next two weeks (end of month) timeframe.
Posted by Thorn on :
Having worked with government, I don't expect anything until next month, but as always, hope for it today Posted by Leinad on :
Going back to .06
Posted by keithsan on :
Doubt it, but if it hits 6 I'm buying more.
Posted by MtgVo on :
Whoa this one has fallen quite a bit! Around 7-8 Cents now. Anyone know why?
Posted by d6veteran on :
"The Company, which is (as previously announced) a member of the Consortium which is the sole preferred bidder for the U.K. Government's Zanzibar eProcurement tender in the U.K., believes that a general election will shortly be called in the U.K. Because of this, the earliest the Zanzibar agreement is anticipated to be signed is May 2, 2005. The Company believes the Zanzibar agreement, while delayed, will be signed; however, the date thereof remains uncertain. This further substantial delay has impaired the Company's fundraising opportunities. Because the Company had already expected the Zanzibar contract to have been awarded and announced (which would have enhanced fundraising activities), this additional delay has exacerbated the level of the Company's shortfall of operating cash. As a result, the Company will soon be unable to fund operations or other obligations.
While the Company continues to explore several opportunities to raise additional funding, the Company has limited funds to operate and there can be no assurance that any new funding will be received, or on what terms. In addition, as previously disclosed, the Company believed that its liquidity sources would allow it to operate into the first quarter. Hence, if the Company is unable to secure funding to operate and pay its creditors by April 2005, it will be forced to seek protection under Federal bankruptcy laws and may not be able to operate as a going concern."
The short version:
"bankruptcy"
Posted by keithsan on :
OUCH
D6 relax, penny companies are hardly ever profitable and these types fo statements are always in the quarterlies.
pick 50 and start reading.
what i don't like is the unknown date of the news now...thats troublesome.
wasn't expecting that when i came home.
Posted by Leinad on :
Watch it for a pop eventually.
They'll make it move for those (friendly's) who didn't have time to get out.
My advice.
Posted by keithsan on :
quote:Originally posted by Leinad: Watch it for a pop eventually.
They'll make it move for those (friendly's) who didn't have time to get out.
My advice.
my thought....most penny funding looks something like this... they post it pps drops and if they know contract is going thru....
anyways, i'll be looking for big block buys before i get back in...
Posted by d6veteran on :
quote:Originally posted by keithsan: OUCH
D6 relax, penny companies are hardly ever profitable and these types fo statements are always in the quarterlies.
I don't understand the tone ("relax"). I was in this stock from .14 up to .24 and down to .08. I don't like bad news either but I'm gonna call it like I see it. The reason most of us are/were in this stock was for the Z contract and that has been officially delayed. That is not good news. People been holding this over a month now and now the news is out the the deal is another month away.
My intent was to inform the people holding ELCO so they can manage their risk. That's one of the benefits of a good stock trading forum like this. If it was all pump I wouldn't come here.
Let's look for a bottom and re-enter. GLTA.
Posted by keithsan on :
i agrree with you on the contract,
my relax was on your BANKRUPTCY statement, which, you wouldn't buy hardly any pennies because they are mostly in a similar predicament of finding funding to support there ventures.
I stopped out and will be looking for big block buys to see if contract is being signed.
no one pumping, if you didn't post the news i would've.
Posted by Thorn on :
Yeah,I should have dumped when it dropped the first time (to around 13 I think). With it possibly doubling or trippling, catching it once it is moving is not a bad thing. See you all closer to May. GLTY.
Posted by d6veteran on :
quote:Originally posted by keithsan: my relax was on your BANKRUPTCY statement, which, you wouldn't buy hardly any pennies because they are mostly in a similar predicament of finding funding to support there ventures.
Gotcha!
This one is on my radar still ... I broke a trading rule by not selling when it broke the 12/13 support level. Damn.
Posted by keithsan on :
HOD was .075
Current bid .16 ask .20 I wasn't around to watch this occur, Normally the bid and ask on my level 2 stays the same.
Posted by keithsan on :
false alarm
Posted by keithsan on :
Oakland Unified School District Uses Elcom to Power its Educational eMarketplace Thursday April 7, 2:00 am ET - Oakland Unified School District eMarketplace System goes live at no cost to Oakland California Schools
NORWOOD, Mass., April 7 /PRNewswire-FirstCall/ -- elcom, inc., the wholly- owned B2B eCommerce solutions subsidiary of Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), today announced that the Oakland Unified School District ("OUSD") has selected and is utilizing PECOS, Elcom's remotely-hosted eProcurement and eMarketplace system, to power its buyer-side educational products eMarketplace, for its 108 schools in the Oakland Unified School District. ADVERTISEMENT
The OUSD eMarketplace System went live on March 31 and includes suppliers such as Dell, School Specialties and Campus Security, with additional suppliers being in discussions to participate.
Elcom is providing OUSD with a hosted eMarketplace solution at no charge to OUSD that includes its PECOS Internet Procurement Manager configured as an eMarketplace, which will automate the procurement process and the purchase of goods and services throughout all of Oakland's schools. An agent fee, based on revenues through the system, is paid to Elcom by participating suppliers.
Oswaldo A. Galarza, OUSD's Information Technology Officer, said, "The selection of Elcom to provide our school district with an eMarketplace demonstrates that Elcom's technology and solutions are proven and robust and reflect the direction that Oakland is pursuing in leveraging technology to improve efficiencies in administrative operations. The Elcom PECOS eMarketplace system will enable schools and departments to take advantage of the flexibility of the Web for procurement needs while maintaining the District Business Rules and posting appropriate information into its internal financial systems, at no cost to Oakland."
Robert J. Crowell, Elcom International, Inc.'s Chairman and CEO, said, "We are pleased to have Oakland Unified School District as our first educational eMarketplace client using the multi-tenant implementation of PECOS as their eMarketplace solution. Public schools across the country are challenged with providing quality education in the face of severe budget cuts and we are gratified to be able to provide a system, at no cost to OUSD, that will improve purchasing across all the schools in the system resulting in lower product and process costs. Anticipated administrative improvements associated with implementation of an eMarketplace powered by our PECOS System will assist OUSD in its mission to do more with less."
About Elcom International, Inc.
Posted by Thorn on :
Well, hey, if they are providing work for free, this stock is a steal!
Seriously, it's nice news. Still, it comes at a strange time.
Posted by d6veteran on :
Anyone still in this? I got back in on the recent low since the chart looked like we bottomed out.
Noticed it is starting to uptick this week.
Posted by Thorn on :
Still got it on my watchlist, D6. I can't afford to leave my $ in it (or so I tell myself). I'm hoping to complete my other trades in time to buy a piece of ELCO or else I'll have to bail -- should I think I can catch ELCO on the run -- when it happens.
I got some good words from investor relations (vote of confidence) but you know this is a risky deal - the whole company depends upon this one contract!
Dang. Already at .11; I may miss this one. Still, news isn't expected until May 5 or later, so I'm banking on that. A 4x play would have been nice (.08 -> .32+) but even a tripple or double would make me happy.
(There's always too much opportunity out there; why can't these companies coordinate for us little guys? )
[ April 20, 2005, 13:00: Message edited by: Thorn ]
Posted by d6veteran on :
Do we know for sure that the announcement is not going to be before May 5th?
I was looking through my notes on ELCO and I have "by early May" written down.
Posted by Thorn on :
That's the word from ELCO in a news release on March 31:
quote:The Company, which is (as previously announced) a member of the Consortium which is the sole preferred bidder for the U.K. Government's Zanzibar eProcurement tender in the U.K., believes that a general election will shortly be called in the U.K. Because of this, the earliest the Zanzibar agreement is anticipated to be signed is May 2, 2005. The Company believes the Zanzibar agreement, while delayed, will be signed; however, the date thereof remains uncertain.
And then again on April 7:
quote:In addition, even if such a financing arrangement is achieved, it is the Company's belief that the Zanzibar contract will not be signed until at least after the May 5 General Election in the U.K., as previously announced.
Has anyone heard anything about the general election? I'll go do some searching but am not up on UK news.
![[Smile]](smile.gif)
![[Razz]](tongue.gif)
![[Eek!]](eek.gif)
![[Big Grin]](biggrin.gif)
![[Wink]](wink.gif)
![[Frown]](frown.gif)
and yet I look with anticipation every morning for the news....