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wow - that's gonna leave a mark.I don't own any a little to rich for my blood but i guess stocks like this is what drives somepeople to go postal.
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CompuPrint, Inc. ("CompuPrint" or "the Company") was incorporated under the laws of North Carolina on September 15, 1995. CompuPrint is a remanufacturer and distributor of laser and ink jet printer cartridges. CompuPrint also engages in the recycling of printer cartridges. CompuPrint has not been profitable since 1997.
From SB-2 filed on 6-11-2002 Initial offering was 892,277 shares at $1. Officers are: Name Age Position - ---- --- -------- David R. Allison 54 President, CFO and Chairman of the Board Jennifer C. Shults 31 Secretary Henry H. Scherich, Ph.D. 63 Director Joseph Isaac "Ike" Lewis 61 Director Peter L. Coker, Sr. 59 Director Andrew S. Holt, III 71 Director
DAVID R. ALLISON, President, CFO and Chairman of the Board of Directors since August, 2000. From September, 1999 to July 2000 he was vice president of sales for CompuPrint. From 1993 to August 1999 he was vice president of Custom Craft Packaging, Inc. From 1985 to 1993 he was the founder and president of Com-Tech Packaging, Inc. Mr. Allison graduated from the University of Denver with a B.S degree in Business Administration in 1971.
10 <PAGE> JENNIFER C. SHULTS, Secretary. Ms. Shults has been the secretary, and manager of quality, training and R&D, since 1999. From 1997 to 1999 Ms. Shults was a press operator at Steel Rubber Products, Inc. From 1994 to 1997 Ms. Shults was an inspection supervisor at Natural Knit Fabrics, Inc.
ANDREW S. HOLT, III, Director. Mr. Holt has been a director since 1996. 1n 1999 Mr. Holt retired from a career in the insurance brokerage business. From 1994 to 1999 he was a broker with World Marketing Alliance, Inc. Mr. Holt graduated from the University of North Carolina at Chapel Hill with a B.S. in Business Administration in 1954.
HENRY H. SCHERICH, PH.D., Director. Dr. Scherich has been a director since 2000. Since 1981 Dr. Scherich has been the President and CEO of Measurement Incorporated. Measurement Incorporated is an employee-owned corporation which contracts with state and local departments of education, other educational agencies, and private businesses to develop and score educational tests. Dr. Scherich is a member of the following boards: Downtown Durham, Inc. Board of Directors, 1994-present; Duke University Eye Center Board of Advisors, 1999-present; Durham Chamber of Commerce; Board of Directors, 1999-present; The Carolina Theatre of Durham Board of Trustees, 1996-present; and Hayti Heritage Center Board of Directors. Dr. Scherich earned his BA from Ottawa University, his MA from University of Illinois, Champaign - Urbana, Illinois, and his Ph.D. from Southern Illinois University, Carbondale, Illinois.
PETER L. COKER, SR., Director. Mr. Coker has been a director since 2000. Mr. Coker has been a Partner and Senior Managing Director of Capital Investment Partners, LLC, an investment banking firm in Raleigh, NC since 1996. He is currently Managing Director of Tryon Capital, LLC. Mr. Coker founded American Asset Management Company, Inc. (New York) in 1978. As President, he built the investment advisory firm to $500 million under management which included equity and debt management as well as hedging currency risks for foreign clients. Mr. Coker is a partner and one third owner of BIP Partnership, an investment partnership. From 1968 to 1977, Mr. Coker was Assistant Vice President/Investment Officer of Bethlehem Steel Corporation with investment responsibilities for their self-managed one billion dollar pension fund. From 1977 to 1978, Mr. Coker was a Senior Investment Officer at McGlinn Investment Services, Reading, Pennsylvania.
Mr. Coker currently sits on the boards of directors of RemoteLight, Inc., e-trials, Inc., and The North Carolina State University Investment Fund, and Equitel, Inc. (formerly Wolfpack Corporation). He is also a member of the New York Society of Security Analysts. He graduated from North Carolina State University in 1966 with a B.A. degree in Economics, and in 1968 with a M.A. degree in Economics.
JOSEPH ISAAC "IKE" LEWIS, Director. Mr. Lewis has been a director since 1996. Mr. Lewis has been the secretary and treasurer of IKEX, Inc. since 1993. IKEX is in the business of agricultural seeds and fertilizers. Mr. Lewis is the president and a director of UBA Enterprises, Inc. an investment company. Mr. Lewis is a partner and one third owner of BIP Partnership, an investment partnership. From 1961 to 1993, Mr. Lewis was president and CEO of Southern Seeds, Inc., which is in the business of agricultural seeds and fertilizers. Mr. Lewis is the chairman of the board of directors of Community Resources Exchange and also serves on the board and MayCraft, Inc. Mr. Lewis earned a B.S. Degree in Forest Management from North Carolina State University in 1963.
(unaudited) Year Ended Three Months Ended December 31, March 31, ---------------------- ---------------------- 2001 2000 2002 2001 --------- --------- --------- --------- <S> <C> <C> <C> <C> Revenues: $ 289,147 $ 434,904 $ 53,128 $ 78,088
NET LOSS $(535,399) $(269,192) $(113,190) $ (98,453) ========= ========= ========= =========
Net Loss Per Share: Basic $ 0.68 $ 0.42 $ 0.13 $ 0.14 ========= ========= ========= =========
Weighted average shares of common stock used in calculation of net loss per share 783,050 643,700 891,688 684,705
From 10QSB file on 05-16-2006
COMPUPRINT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED)
Three Months Ended March 31, 2006 ------------------
REVENUES $ 260,000
COST OF REVENUES 49,000 ------------
GROSS PROFIT 211,000
OPERATING EXPENSES (1,398,429) ------------ OPERATING LOSS BEFORE OTHER INCOME (EXPENSE), PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST (1,187,429)
OTHER INCOME (EXPENSE):
INTEREST EXPENSE (123,125) INTEREST INCOME 5,793 ------------ NET INTEREST EXPENSE (117,332) ------------
LOSS BEFORE PROVISION FOR INCOME TAXES AND NONCONTROLLING INTEREST (1,304,761)
PROVISION FOR INCOME TAXES (Note 9) -- NONCONTROLLING INTEREST 2,932 ------------
NET LOSS $ (1,301,829) ============
NET LOSS PER COMMON SHARE- BASIC AND DILUTED ($0.03) ============
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED 43,008,338
REVERSE MERGER AND STOCK SPLIT ------------------------------
Reverse Merger. On May 19, 2005, CompuPrint, which was inactive at the -------------- time, entered into an agreement and plan of reorganization (the "Agreement") with Terra Insight Corporation ("Terra"). Pursuant to the Agreement, CompuPrint acquired Terra through an exchange of 35,029,980 post-split shares of its common stock for all of the outstanding shares of Terra's common stock. The shares issued by CompuPrint to Terra's shareholders constitute approximately 85% of CompuPrint's common shares outstanding as of May 19, 2005. A "reverse merger" transaction resulted because the shareholders of Terra became the controlling shareholders of CompuPrint. The reverse merger was accounted for as a recapitalization. It is anticipated that CompuPrint will change its name to Terra Insight Corporation.
In connection with the reverse merger, CompuPrint entered into a Split-Off Agreement with David Allison, CompuPrint's former sole officer and director and its former controlling shareholder. Pursuant to the split off, CompuPrint transferred all of its assets and liabilities to CompuPrint Ventures, Inc., a newly formed North Carolina corporation, in exchange for 100% of the equity of CompuPrint Ventures, Inc. Immediately following the transfer, CompuPrint transferred 100% of the equity of CompuPrint Ventures, Inc. to Mr. Allison in exchange for 13,086,360 post-split shares (see below) of CompuPrint's common stock that he held, which were then cancelled.
Stock Split. On May 9, 2005, CompuPrint filed an Articles of Amendment to ----------- its Articles of Incorporation to increase its authorized shares of common stock from 9,000,000 shares to 100,000,000 shares and in connection with the increase in shares of common stock, to affect a forward split at a ratio of 4.36212 to 1.
The retroactive effect of the split of 1 share of the common stock for 4.36212 shares of common stock would have resulted in 16,978,580 shares being outstanding on December 31, 2004. On May 19, 2005, the Company cancelled 13,086,360 of the post-split shares it received from the former major shareholder of the Company in return for the transfer to him of the residual assets and liabilities of the former business of the Company pursuant to a Split-Off Agreement with such former shareholder.
Sale of Common Stock to Accredited Investors. On May 19, 2005, the Company -------------------------------------------- sold 2,411,138 shares of common stock to two accredited investors for gross proceeds of $1,750,000. In connection with the sale of securities, the Company granted the investors certain registration rights, agreeing to file a registration statement for the resale of restricted shares that were sold. The proceeds from the sale of securities were used for working capital purposes.
Sale of Common Stock to Belhasa International Co. LLC. On December 12, ----------------------------------------------------- 2005, the Company entered into a Securities Purchase Agreement with Belhasa International Co. LLC, a United Arab Emirates entity, for the sale of 1,000,000 shares of the Company's common stock, 150,000 warrants exercisable for one year, and 2,000,000 warrants exercisable for six months. The 150,000 one-year warrants are exercisable for six months at $1.25 per share and are thereafter exercisable at $1.50 per share. The 2,000,000 six-month warrants are exercisable for three months at $1.15 per share and are thereafter exercisable at $1.50 per share, provided that the initial exercise of these six-month warrants must be for the purchase of at least 1,000,000 shares of common stock. As of December 31, 2005, the warrants had no value. The proceeds of $1,000,000 will be used for working capital purposes.
Sale of Common Stock to Esterna Limited. On December 29, 2005, the Company --------------------------------------- entered into a Securities Purchase Agreement with Esterna Limited, a Cyprus limited liability company, for the sale of 500,000 shares of the Company's common stock at $1 per share yielding proceeds of $500,000.
5. STOCK BASED COMPENSATION ------------------------
On December 29, 2005, the Company's Board of Directors adopted the CompuPrint, Inc. 2005 Stock Incentive Plan (the "Plan"). The Plan has not yet been submitted for shareholder approval. The Plan provides for various types of awards, including stock options, stock awards, and stock appreciation rights, denominated in shares of the Company's common stock to employees, officers, non-employee directors and agents of the Company. The purposes of the Plan are to attract and retain such persons by providing competitive compensation opportunities, to provide incentives for those who contribute to the long-term performance and growth of the Company, and to align employee interests with those of the Company's shareholders. The Plan is to be administered by the Board of Directors.
At March 31, 2006 ------------------------------- Weighted Number of Average Options Exercise Price ---------- --------------
Weighted Average Weighted Weighted Remaining Average Average Range of Number of Years of Exercise Number of Exercise Exercise Prices Options Contractual Life Price Options Price --------------- --------- ---------------- -------- ---------- ---------
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I can't figure out what happened, but I am jumping on board at .19. Nothing I see can explain why the huge drop. Can't find news. There is probably something I'm not seeing and may regret it, but if it gains half the loss, I'm in great shape.
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I saw that. Any idea what it means? Maybe the only time they ever move is with news. I think the latest news came out in April. They seem to be making money and right now, without knowing what I must be missing, they appear to be way undervalued. It should be at least .70. Time will tell.
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Found this cd clause regarding date: By June 15, 2006, along with Enficon, to convert their aggregate $5 million of convertible debentures at $1 per share into an aggregate of 5,000,000 shares of common stock;
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John, if that means they are dumping in another 5 million shares, I still can't see why the big drop. That is a drop in the bucket compared to what they have. Should make more than a fraction of a cent difference. I've had a bid in at .18 and it isn't getting filled.
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I never got in at .18. I think I will try to get in at .17 in the morning. Unless something very different happens, I think it could slide a little more. Not sure since I still don't have a clue why it dropped so much.
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I'll see if I can find anything, I still have my order in at .18 , I may change it to .17 depending on what we can find and what it looks like it will do in the morning!
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I'll look too. I'm still scratching my head. I don't usually play these bigger ones. I can't stand taking too big of a hit. I guess it's not much different buying 50k shares of this as opposed to 500k of a sub.
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CompuPrint, Inc. Spuds Well in Nevada CompuPrint, Inc. (OTCBB: CPPT), an energy technology company that combines satellite-based technology with traditional exploration services announced today that it has initiated drilling of a well in Nevada. The well is being drilled by Tierra Nevada Exploration Partners, LP, an exploration partnership, on land leases purchased by Tierra Nevada in the September 2005 lease auction conducted by the Bureau of Land Management. Tierra Nevada's general partner, Terra Resources, Inc. is the wholly owned subsidiary of Terra Insight Corp., CompuPrint's operating subsidiary. This project is Terra Resources' first independent U.S. exploration project.
"We are pleased to have commenced our first independent drilling project that deploys our promising technology to our own leased property," said Roman Rozenberg, the Company's CEO. "We are optimistic concerning this prospect, but it is too early to know whether we will obtain a productive oil or gas well. Drilling will continue until we reach a depth targeted by our proprietary technology and run tests on the resulting well. We then intend to spud other wells on our land leases in the future."
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides mapping, surveying, and analytical services to exploration, drilling, and mining companies. Tierra Nevada Exploration Partners, LP is the holder of the oil and gas leases issued by the Bureau of Land Management. The Company's wholly-owned subsidiary, Terra Resources, Inc., is the general partner of Tierra Nevada Exploration Partners, LP. The Company primarily uses the STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. It manages and interprets geologic and satellite data to develop the assessment of natural resources. Through the Company's other wholly owned subsidiary entities, the Company owns leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada for purposes of utilizing its STeP technology in oil and gas exploration and development activities. Terra Insight Corporation was formed in 2005 and is based in New York City. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, including competition for new acquisitions, drilling rigs and equipment; availability of capital; unfavorable market or geologic conditions or results; prevailing prices for oil and natural gas and general regional economic conditions.
for CompuPrint, Inc. Terra Insight Corporation CEOcast, Inc. Andrew Hellman, 212-732-4300
Source: Business Wire (June 29, 2006 - 8:03 AM EDT)
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