42x47 they spread it out a bit. Try and get in on this dip and you can still make 50% in less than a month!
Posted by BULListic on :
In at 42...the link disappears if you don't register...here's the story:
Mark Cuban takes on concert CD venture
11:04 AM CST on Wednesday, January 25, 2006 By CRAYTON HARRISON / The Dallas Morning News
An investment firm owned by Dallas Mavericks owner Mark Cuban has agreed to buy a controlling stake in a Richardson-based company that sells CD recordings of live concerts minutes after the performances conclude.
Mr. Cuban’s firm, Radical Holdings LP, will pay $3 million, or about 68 cents per share, for shares representing about 95 percent of Immediatek Inc.’s outstanding shares, according to a filing with the Securities and Exchange Commission.
The transaction is expected to close in February.
Immediatek, led by chief executive Zach Bair, provides the concert CDs through its subsidiary DiscLive, acquired in 2004 for $833,000.
Mr. Bair and chief operating officer Paul Marin will remain with the company in their current positions, Immediatek said.
Mr. Cuban did not immediately respond to an e-mail Wednesday. Mr. Bair declined to comment.
Posted by hatteras on :
With Cuban's involvment, is this finally a company with a long term potential? If you follow pennys posted on this board over the last year 95% have been pump and dumps maipulated by MM's.
Posted by dp2002 on :
Do you think I am too late to get in at .35? And where was that news story at?
Posted by MB on :
Picked up more at .4...Hatteras this is as close to a guarantee 50% in a month as you will get. Cuban is a legit name
Posted by MB on :
dp- .38x.41 get in anywhere you feel comfortable. .35 is about as low as I would hope for.
Posted by MB on :
42x45 looks like this is going to be flipped all day...pick your entries and exits or just hold for .6's
Posted by MB on :
The thing about this is the news was in a Dallas paper but has not hit major newswires...when that happens look for another jump...
Posted by MB on :
ARCA on bid and pushing us up again....48+
Posted by MB on :
52x55!!!
Posted by ShortTermMemory on :
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IOCircuit.
LAKE HARMONY, PA -- (MARKET WIRE) -- 01/26/06 -- The IO Circuit recommends Immediatek Inc. (OTC BB: ITEK), which announced an investment firm owned by Dallas Mavericks owner Mark Cuban has agreed to buy a controlling stake in a Richardson-based company that sells CD recordings of live concerts minutes after the performances conclude.
Mr. Cuban's firm, Radical Holdings LP, will pay $3 million, or about 68 cents per share, for about 95 percent of Immediatek Inc.'s outstanding shares, according to a filing with the Securities and Exchange Commission. Immediatek chief executive Zach Bair and chief operating officer Paul Marin will remain with the company in their current positions. Mr. Cuban did not respond to an e-mail Wednesday. Mr. Bair declined to comment. Immediatek shares rose 16 cents to close at 19 cents.
Other active stocks are China Development Group Corp (NASDAQ: CTDC), Allion Healthcare, Inc. (NASDAQ: ALLI) and Kulicke & Soffa Industries Inc. (NASDAQ: KLIC)
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $545.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
Contact: C.P. Barry Company: http://www.IOCircuit.com Phone: 1.888.478.7669
Posted by ShortTermMemory on :
Mr. Cuban's firm, Radical Holdings LP, will pay $3 million, or about 68 cents per share, for about 95 percent of Immediatek Inc.'s outstanding shares, according to a filing with the Securities and Exchange Commission. Immediatek chief executive Zach Bair and chief operating officer Paul Marin will remain with the company in their current positions. Mr. Cuban did not respond to an e-mail Wednesday. Mr. Bair declined to comment. Immediatek shares rose 16 cents to close at 19 cents.
Posted by ShortTermMemory on :
This could go past .68, that is just what Cuban is paying and for a stock that was trading under .10
Posted by BULListic on :
...and more attention....
Emerging Stock Report: Capturing The Experience
Jan 26, 2006 (M2 PRESSWIRE via COMTEX) -- The Emerging Stock Report is initiating coverage on Immediatek's (OTCBB:ITEK) up 47% today. Immediatek's subsidiary, DiscLive is the pioneer in the quickly growing market of live discs made available immediately after a live event. The company is expanding its business rapidly as the live disc and media phenomena continues to grow. The company has completed tours from Vermont to California as well as in Canada and the United Kingdom, with its state-of-the-art mobile recording and production facilities (MRDF) that can produce 1,000 high quality CDs in less than 20 minutes, and recently introduced "instant" DVD products. The Dallas-based company is headed by musician and entrepreneur Zach Bair, CEO In 2002, Immediatek developed an exclusive alliance with LCD Interactive, a software company focused on independent music, and subsequently acquired LCD in the Spring of 2003. Since its founding, the company has established groundbreaking product lines such as the NetBurn Secure digital distribution and copy control solution, and has acquired DiscLive, Inc. whose "live discs immediately after a concert" have captured the imagination of the recording and entertainment industry
DiscLive is a company which offers artists and labels the opportunity to have their concert event recorded and a thousand or more CDs available immediately after the show. Now, fans can watch a performance, and walk out of it holding it in their hands. There is no up-front cost for the artist or label, and there is no risk. This represents found money for all aspects of the music industry it is providing a new revenue stream for artists and labels. Not only are DiscLive's services appropriate for concerts, the company can also provide unique and special recordings of events such as church sermons, seminars, and graduations ceremonies.
The Emerging Stock Report profiles emerging growth companies and brings them to the attention of the investment community ahead of the market providing concise analysis and resources required in determining when a stock appears poised for growth.
Get a Complimentary Subscription at www.*********************** Subscribers have access to investment research reports, tools for tracking and analyzing, current news, detailed company profiles and ESR "E-Alert" Services. ESR produces comprehensive, timely and dependable research available on the Internet.
Safe Harbor
All material herein was prepared by the Emerging Stock Report (ESR) www.*********************** based upon information believed to be reliable. The information contained herein is not guaranteed by ESR to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ESR is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ESR may receive compensation in cash or shares from independent third parties or from the companies mentioned.
ESR's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. ESR will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ESR undertakes no obligation to update such statements.
CONTACT: e-mail: ian************************
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
Posted by MB on :
I guess the obvious question for longs is...if Cuban is willing to pay .68 per share what is it going to be worth by the end of the year?
Posted by hatteras on :
My question is why was Cuban willing to pay .68 when it was trading for so much less? Could he not have bought 95% of the outstanding shares at a cheaper pps?
Posted by MB on :
dipping again...time to load up .41....
Posted by ShortTermMemory on :
Load up at .40 , I think we see .60 by the end of the day
Posted by BULListic on :
39x42 and there are filing a lot of "buys" at 40....or at least that's what they look like. Next run should begin in 5...4...3...2...1....
Posted by matto on :
now we come to a decision if you are flipping...big run up so you know many are tempted to take profits here in the last 2 hours...so do you sell now and bet that you beat the rest of the flippers then buy back lower OR to you see that bid stacking up at .4 and bet on an end of day run?....let the games begin
of course the other option is just hold...
Posted by ShortTermMemory on :
Here we go!
Posted by MB on :
here come the flippers...got an order for more at .35
Posted by BULListic on :
Madman Cramer just said on the Dan Patrick show that mark Cuban was talking stocks with him and he mentioned a stock at $35 and said it was going to go to $250. Cramer says "guess what, it went to $250!" Says Cuban is incredible....hmmmm....Cuban wants a piece of ITEK....works for me.
Posted by ShortTermMemory on :
Look at that ask...3 at 43 and nobody until 55...
Posted by ShortTermMemory on :
A 1 for 10 R/S and I don't know what all else is in that filing
Posted by MB on :
SOLD
Posted by ShortTermMemory on :
I'm out until I know for sure
Posted by BULListic on :
Look at that ask...3 at 43 and nobody until 55...
Posted by MB on :
BULListic and all others...
The way I read that filing Cuban is paying .068 per share of today's shares for this company. He will be paying .68 per share when this closes AFTER the 1/10 RS.
Thus my sell...Sorry for all the fuss...
Posted by MB on :
I wondered why they had not issued an official press release. That newspaper didn't have all the facts, obviously...
Posted by Golf Money on :
Is everyone getting out of this? Doesn't look like much potential to run?
Opinions?
Thanks
Posted by MB on :
I will stay out although it looks to open higher this morning...some are arguing that it is still a good play just because Cuban is involved but I don't see that it is worth much more than .1...look for big pull back. Sell this morning and buy back lower if you want to play..imo
Posted by wallymac on :
Sold. Get OUT.
PAGE ONE: Cuban's Radical Investment [delayed]
via COMTEX
Jan 26, 2006 8:38:00 PM
Ridgeland, MS, JAN 26, 2006 (EventX/Knobias.com via COMTEX) --
Today's Page One feature in the Knobias, Inc. (otcbb: KNBS) Small-cap ClipReport highlights Immediatek, Inc. (otcbb: ITEK), and its recent gain. To receive the Small-Cap ClipReport Daily, please visit:
Private placements, also called "PIPEs" for short, have become an ever increasing occurrence in the small cap space. The raising of capital via private rather than public offerings is becoming more and more common. The result is the sale of securities to a relatively small number of investors and usually at a cheaper price than the actual market price, but there are certain occasions when a higher price is agreed upon by all parties and others when the exact price isn’t known by the market.
There seems to be an occurrence of where one of the latter has happened recently.
Immediatek, Inc. (ITEK), through a wholly owned subsidiary DiscLive, is an independent leader in recording live content and making it available immediately after the event. The company claims to be expanding its business rapidly as the live disc and media phenomena continues to grow. The Dallas-based company is headed by musician and entrepreneur Zach Bair, but there could be a new influence about to enter.
If you kept up with anything in the small-cap stock space on Thursday, you were probably aware of the huge move that shares of ITEK made. The issue reached an intraday high of 55c before closing at 105.26% on volume that reached the 5 million share level dwarfing its 83,244 average daily share volume.
This extraordinary move was possibly caused by news indicating that Mark Cuban, through Radical Holdings LP, is buying shares in ITEK. The strange part about this is that the company, in a PRE 14C filed on January 24, 2006, pointed this fact out, but the public still flocked to this issue and pushed its shares higher. This filing was made to disclose that written consent by a majority of stockholders had been given to authorize the following:
- The Securities Purchase Agreement between the company and Radical Holdings LP;
- An amendment to the articles of incorporation to effectuate a 10-for-1 reverse split;
- An amendment to the articles of incorporation to remove preemptive rights of stockholders; and
- An amendment to the articles of incorporation that authorizes the board to designate the series and to determine the attributes and preferences of each issue of preferred stock.
A closer look at the filing showed that under the deal, Radical Holdings L.P., which Cuban heads, will buy 4.39 million Series A Convertible Preferred Stock for a purchase price of $3 million or $0.683 per preferred share (not common). In the purchase agreement between ITEK and Radical, this series of preferred stock will be convertible into shares of common stock representing at least 95% of the outstanding shares.
The $3 million from this transaction is expected to be used to pay debts and liabilities and for working capital. Any remaining funds will be used to pay a special dividend, with $300,000 set aside until the first anniversary of the closing date to satisfy any other liabilities that may arise.
Another interesting point is the fact that a 10-1 reverse split of the common shares will have to take place before Radical buys the preferred. It is also mentioned in the filing, but the preferred shares will not be split. As of January 10, 2006, the Company had 38.17 million shares outstanding and 500 million authorized. Splitting the common shares will allow the Radical transaction to go through without making the company increase its number of authorized shares. After the split, the Company should have approximately 3.82 million shares outstanding.
The rumors, chat and press that were issued yesterday may have led to investors believing that they could enter a position at a cheaper level than Cuban and Radical, but a simple reading of the filing shows that this is not the case.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.
Knobias.com, LLC 601-978-3399 601-978-3675 info*knobias.com www.knobias.com/cmtx Copyright 2004 Knobias.com, LLC, All rights reserved.
Posted by BULListic on :
Yep, looked to be good to be true....Cuban will get his shares for 68 cents...after the split, so this stockl is worth 6.8 cents all things considered.
Posted by BULListic on :
Amazing, I sell at the LOD at .34 and now buys pile in...still think it goes back below 10 cents...imo
Posted by Golf Money on :