Tandberg Data ASA acquires Exabyte Corporation 8/30/2006
Aug 30, 2006 (NORDIC BUSINESS REPORT via COMTEX News Network) -- Norwegian data storage solutions manufacturer Tandberg Data ASA said on Wednesday (30 August) that it had acquired the US data storage company Exabyte Corporation for USD28m.
The merged company, with expected revenues of USD215m for 2006, would be the second largest player in data storage, according to Tandberg Data.
To finance the acquisition Tandberg Data will issue a USD35m bond loan, which has been fully committed by Cyrus Capital.
One US dollar (USD) is worth approximately 0.54 British pounds (GBP).
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Exabyte Enters Into Agreement for Business Combination With Tandberg Data ASA Wednesday August 30, 9:00 am ET
BOULDER, Colo.--(BUSINESS WIRE)--Aug. 30, 2006--Exabyte Corporation (the Company) (OTCBB:EXBY - News), a leading innovator in tape backup, restore and archival systems, today announced that it has entered into an Asset Purchase Agreement (the Agreement) with Tandberg Data Corp. (Tandberg), a Delaware corporation and wholly-owned subsidiary of Tandberg Data ASA, a company organized under the laws of Norway and headquartered in Oslo, Norway (collectively Tandberg Data), whereby Tandberg will purchase substantially all of the assets of the Company in exchange for cash and the assumption of certain liabilities of the Company. The Agreement was approved by the Company's Independent Committee and ratified by its Board of Directors. The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholders' meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006. ADVERTISEMENT
Under the terms of the Agreement, the total consideration is expected to be approximately $28,000,000, plus certain transaction fees. This amount will fluctuate based on the actual balance outstanding under the Company's loan agreement with Wells Fargo Business Credit, Inc. (Wells Fargo) which will be paid in full at closing. The cash payment to Exabyte at closing will be approximately $22,500,000, and will generally be equal to (1) the balance outstanding on the Wells Fargo loan, which holds a first priority security interest in the Company's assets, (2) the repayment obligations, as restructured, under the Company's 10% Secured Convertible Subordinated Notes (second priority security interest), and notes payable to Imation Corp. (third priority security interest), Hitachi, Ltd. and Solectron Corporation, and (3) Exabyte's transaction fees. It is a condition to the Agreement that the cash purchase proceeds to the Company be used to make these payments. In addition, Tandberg will assume certain liabilities of the Company, consisting of substantially all accounts payable and accrued expenses, warranty obligations and obligations under purchased contracts, and new or restructured notes payable issued to Imation Corp. and Hitachi, Ltd., among others.
In connection with the Agreement, Tandberg required the Company to enter into Restructuring Agreements or Amendments with the holders of its Convertible Notes, Hitachi, Ltd., Solectron Corporation and Imation Corp. that provide for reductions in the amounts currently due under various debt instruments, the issuance of new or restructured notes payable in certain circumstances, and the waiver of existing and future events of default, if any.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
"We are pleased to have reached an agreement for the combination of Exabyte and Tandberg Data," noted Tom Ward, CEO of Exabyte. "The complimentary strengths of the two companies in the various geographic markets around the world will result in a truly global competitor in the storage industry. In addition, the combined product portfolios of the two companies will provide our customers with the full range of state-of-the-art, cost effective products and technologies to meet their needs. Finally, the operational synergies resulting from the combination will allow the new company to operate from an improved position of financial strength and stability in the future."
It is expected that Exabyte management will continue with Tandberg and will focus on capitalizing on the opportunity for Exabyte's VXA and LTO technologies and products, as well as the integration of the two companies' operations and products. All employees of Exabyte will be offered positions with Tandberg.
The description of the Agreement in this press release only summarizes the information set forth in the Agreement, which will be filed by Exabyte as an exhibit to the Form 8-K filing to be made in connection with this transaction. Interested parties are encouraged to read the Form 8-K and the Agreement attached thereto in their entirety for additional information on the proposed transaction.
About Exabyte Corporation
Exabyte Corporation (OTCBB:EXBY - News) is a leading innovator of tape storage products. For more than 20 years, the company has been recognized for its innovative engineering approach and for consistently raising industry standards in technology, quality and data reliability for tape drives and tape automation. The Company's products back up and restore critical business information in a manner consistently ahead of its competitors in terms of capacity, transfer speeds, and reliability -- all at competitive prices. With patented and award-winning VXA Packet Technology and ExaBotics(TM), Exabyte's VXA(TM) and LTO(TM) (Ultrium(TM)) products are ideally suited for SMB and departmental servers, workstations, LANs, and SANs. Exabyte has a worldwide network of OEMs, distributors and resellers that share the company's commitment to innovation and customer service, including IBM, Apple, Fujitsu Siemens Computers, Fujitsu Ltd., Imation, Tech Data, and Ingram Micro. For more information, call 1-800-EXABYTE or visit www.exabyte.com. Posted by matto on :
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!
Posted by matto on :
pulling it back, HOLD YOUR ORDERS till it opens!
Posted by The Phat Man on :
the B/A spread is nearly 30%. definitely makes the buy a tougher call.
Posted by Schwabie on :
Its too high already... IMO...
Posted by hedfe on :
dropping ask .10/.11 spread now only 10% Posted by matto on :
just wait like 10 min till the dust to settle before you make a decision!!!!!!
Posted by Schwabie on :
that would be 9:32 LOL
Posted by BLACKBEARD on :
damn .06 x .07
Posted by Stockguru06 on :
gapping down,high net loss
Posted by Schwabie on :
Its way too low float... can we even get in if we tried? Im just gonna watch it for now...
Posted by BLACKBEARD on :
bargin basement prices
Posted by Stockguru06 on :
STOCKHOLM (Dow Jones)--Norwegian data storage company Tandberg Data ASA (TAD.OS) Wednesday said second quarter net losses widened to $9.2 million from $2.3 million a year ago.
Sales revenues rose to $30.6 million from $24.0 million, while operating losses widened to $6.8 million from $2.0 million.
This year it booked a $5 million restructuring expense in the second quarter, related to the acquisition U.S. company Exabyte Corp. (EXBY) for $28 million announced separately.
Tandberg Data said it is satisfied with the revenue realised in the second quarter. It expects further pressure on the margins in the following months, but expects to see improvement in the third and fourth quarter compared to the second quarter.
The continued increase of sales to OEM customers will also have an influence on margins forward.
The growth in the last three quarters proves that the volumes with the OEM´s are building up. These volumes are expected to increase further in the third quarter.
The OEM agreement for our new disk product is expected to start delivery in the fourth quarter, and to grow steadily.
Tandberg Data said it is committed to delivering on the strategy it has outlined going forward and the acquisition of Exabyte will enhance its ability to fulfil its customers requirements, particularly in the U.S. channel, it said.
Posted by Schwabie on :
Wow, that a big leap in losses..
Posted by Igor R on :
Down 57% ouch.
Posted by vinnie1 on :
LMAO BUYING IN NOW
Posted by matto on :
wow what a drop lol i am in at .065!!!! lets hope it goes
Posted by IMAKEMONEY on :
LOOKS BAD MATTO, GOOD LUCK
Posted by edgewise on :
this is gonna be a heck of a bounce. i'm watching this close.
Posted by Revrat on :
So whats the deal. It keeps dropping. Glad I didn't buy in but I would like to know whats going on here.
Posted by Stockguru06 on :
the company who is buying EXBY is making huge losses and it seems to me investors don't like it...
Posted by Livinonklendathu on :
Did you guys check the filings? S8's, 424B3's, S1, etc.
lol chickened out! will wait for a big bounce
Posted by The Phat Man on :
this looks like it might go even lower with buys being filled at .042
Posted by vinnie1 on :
hope .04 is the suport here.
Posted by Hustla on :
Better wait for that bounce matto, the MMs are manipulating the hell outta this stock. Not one MM has moved from the bid or ask in the last 15 minutes, even with buys and sells going through.
Thus is a dangerous one play carefully or its your a$$.
Posted by vinnie1 on :
A REAL ROLL OF THE DICE HERE.
Posted by matto on :
this one is nuts,
Posted by vinnie1 on :
WOW TALK ABOUT A FALLING KNIFE.
Posted by matto on :
ok here it is imo!!!!
Posted by edgewise on :
i almost wanna get it, but all the selling pressure still going on is a bit much.. not very many people motivated to buy at the ask right now..
Posted by Revrat on :
I got in at .045 and a prayer. just a small 20,000 shares. but we will see if there is a bounce
Posted by matto on :
i am, ok i am gonna buy
Posted by MoneyMoneyMoney on :
I'm in X .045 and .065 for 20k shares. Good luck!!!
Posted by Revrat on :
here we go. Hopefully
Posted by uprightdeb on :
From pink sheet news:
Exabyte Enters Into Agreement for Business Combination With Tandberg Data ASA
BOULDER, Colo., Aug 30, 2006 (BUSINESS WIRE) -- Exabyte Corporation (the Company) (OTCBB:EXBY), a leading innovator in tape backup, restore and archival systems, today announced that it has entered into an Asset Purchase Agreement (the Agreement) with Tandberg Data Corp. (Tandberg), a Delaware corporation and wholly-owned subsidiary of Tandberg Data ASA, a company organized under the laws of Norway and headquartered in Oslo, Norway (collectively Tandberg Data), whereby Tandberg will purchase substantially all of the assets of the Company in exchange for cash and the assumption of certain liabilities of the Company. The Agreement was approved by the Company's Independent Committee and ratified by its Board of Directors. The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholders' meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006.
Under the terms of the Agreement, the total consideration is expected to be approximately $28,000,000, plus certain transaction fees. This amount will fluctuate based on the actual balance outstanding under the Company's loan agreement with Wells Fargo Business Credit, Inc. (Wells Fargo) which will be paid in full at closing. The cash payment to Exabyte at closing will be approximately $22,500,000, and will generally be equal to (1) the balance outstanding on the Wells Fargo loan, which holds a first priority security interest in the Company's assets, (2) the repayment obligations, as restructured, under the Company's 10% Secured Convertible Subordinated Notes (second priority security interest), and notes payable to Imation Corp. (third priority security interest), Hitachi, Ltd. and Solectron Corporation, and (3) Exabyte's transaction fees. It is a condition to the Agreement that the cash purchase proceeds to the Company be used to make these payments. In addition, Tandberg will assume certain liabilities of the Company, consisting of substantially all accounts payable and accrued expenses, warranty obligations and obligations under purchased contracts, and new or restructured notes payable issued to Imation Corp. and Hitachi, Ltd., among others.
In connection with the Agreement, Tandberg required the Company to enter into Restructuring Agreements or Amendments with the holders of its Convertible Notes, Hitachi, Ltd., Solectron Corporation and Imation Corp. that provide for reductions in the amounts currently due under various debt instruments, the issuance of new or restructured notes payable in certain circumstances, and the waiver of existing and future events of default, if any.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
"We are pleased to have reached an agreement for the combination of Exabyte and Tandberg Data," noted Tom Ward, CEO of Exabyte. "The complimentary strengths of the two companies in the various geographic markets around the world will result in a truly global competitor in the storage industry. In addition, the combined product portfolios of the two companies will provide our customers with the full range of state-of-the-art, cost effective products and technologies to meet their needs. Finally, the operational synergies resulting from the combination will allow the new company to operate from an improved position of financial strength and stability in the future."
It is expected that Exabyte management will continue with Tandberg and will focus on capitalizing on the opportunity for Exabyte's VXA and LTO technologies and products, as well as the integration of the two companies' operations and products. All employees of Exabyte will be offered positions with Tandberg.
The description of the Agreement in this press release only summarizes the information set forth in the Agreement, which will be filed by Exabyte as an exhibit to the Form 8-K filing to be made in connection with this transaction. Interested parties are encouraged to read the Form 8-K and the Agreement attached thereto in their entirety for additional information on the proposed transaction.
Posted by edgewise on :
ok.. in with 200 bucks on EXBY.. just wanna at least give it a whirl of the wheel.
Posted by matto on :
here we goooooo!!!!! load up for the run!!!!!!!!!!!!!!
Posted by vinnie1 on :
we shall see if its real or just a head fake.
Posted by matto on :
adding more at .06 here!!!!
Posted by 10of13 on :
After that shake...how high ya think that it will bounce?
Posted by matto on :
I think the group players had control of this and unloaded to all new buyer!! thats my opinion and from here we rocket in my opinion!
Posted by vinnie1 on :
GOT IN AT .045 lets roll back to .14
Posted by 10of13 on :
Why the heck did this get moved?
Posted by matto on :
what is going on!!!! its at .05 thats under .10!!!!!!!!!!!
MOVE IT BACK, PLEASE
Posted by BLACKBEARD on :
no doubt i hate when they move stuff around ya gotta guess where they put it
Posted by jordanreed on :
is this a daytrade or a hold?...
to me, the chart looks somewhat shaky and those loses are curious...
Posted by edgewise on :
well, this is the kinda buying pressure i'd like to see, but i'd like it even more if there were some upticks to go along with it..
i got in at .05, and am thinking about getting in for a little more.. it's starting to feel relatively settled here.
Posted by jordanreed on :
it looked settled at .12 too..
just wondering if this could go even lower?
has room to move more...
huge pressure today
Posted by matto on :
hey get some ADVB took me 15 min to fill but i am in at .04!!!!
Posted by edgewise on :
well, earlier it had a ton of selling pressure, but that trend seemed to reverse once it hit .04x.045, and kinda get messy.. since it's little fake up to .06, it seems that people are more willing to go for it here, and less people are willing to sell, so maybe the selling pressure is done and it's shifted in favor of the buyers..
at least, that's what i'm hoping, as a buyer.
Posted by MoneyMoneyMoney on :
man i can't keep up with all the movin theread , is this where everybodies at?
Posted by matto on :
lol, yupper we are back!
Posted by BLACKBEARD on :
i am not in yet , but my question is what will happen to the US shareholders being that this is a norwegen traded CO.,
Posted by BLACKBEARD on :
not that i plan on holdin that long cause i wouldn't , but it will affect momo
Posted by matto on :
i dont know , but buys are coming in! just flip it for profit dont marry it!!! imo
Posted by vinnie1 on :
TIME FOR A RUN HERE.
Posted by matto on :
not yet after lunch!
Posted by doling2005 on :
In for a bounce hopefully!
Posted by edgewise on :
i'm hoping this may do what BLLD is doing right now.. it fell about 50% on monday to .031.. now it's back up to .065 in just 2 days.
here's hoping for a similar reaction over the next few days.
Posted by vinnie1 on :
MATTO PHYH running now.
Posted by vinnie1 on :
bought some more at .04
Posted by vinnie1 on :
WOW WHAT THE HELL IS GOING ON WITH THIS.
Posted by Revrat on :
I would think that at some point here the MM's will flip the switch and we will see it fly. But than again I'm not rich so what do I know.
Posted by juice on :
LOL my buy went through at .031? Only got 15k but i didnt think it would get there, well guess im in this hehe
Posted by matto on :
this is a flipping monster weeeeeeeeeeeeeeeeeeeee
Posted by vinnie1 on :
NICE LOL
Posted by IMAKEMONEY on :
boy did this baby get a haircut.
Posted by juice on :
lets hop this bounces like BLLD, missed out on that yesterday.. .its up over 100%!!
Posted by matto on :
143% lol
Posted by vinnie1 on :
GOOD CHANCE OF IT.
Posted by vinnie1 on :
MISSED THAT ONE gRRRRRRRRRRR
Posted by Daddy Warbucks on :
haha, thought I had a deal at .035
Posted by juice on :
filled the rest of my order at 31, lets see what this can do in a few days... got 40k on this now lol GL
Posted by labels on :
I got in this morning at 0.06! Do you think this can go back up to 0.09? What is our price target here?
Posted by juice on :
quote:Originally posted by juice: filled the rest of my order at 31, lets see what this can do in a few days... got 40k on this now lol GL
40k shares that is, not 40k doll-hairs
Posted by Revrat on :
whish I had some more spare cash to get me some more shares here
Posted by 10of13 on :
gulp!
Posted by vinnie1 on :
bought more
Posted by vinnie1 on :
where is the bottom
Posted by doling2005 on :
After reading the press release in detail, it appears that if this deal goes through the stock holders get nothing. I'm out. glta
Posted by vinnie1 on :
holy crap .029
Posted by Daddy Warbucks on :
How low will it go...
Posted by The Bigfoot on :
Nothing?
I'm not in this play but ya gotta give more info Doling. That doesn't make sense.
Are you saying the stock ceases to trade?
Or are you saying that it won't affect share price other than the fact that a more stable entity will now be in control?
Specifics buddy!... before you cause an undue panic.
BF
Posted by labels on :
I am hoping 0.029 is our bottom. Gezz.... I got in at 0.06.
Posted by edgewise on :
quote:Originally posted by doling2005: After reading the press release in detail, it appears that if this deal goes through the stock holders get nothing. I'm out. glta
yea, i noticed that a couple minutes ago.. doesn't sound very good afterall. but who knows. companies can have much worse problems and still make nice gains.
that's why i only bought 4k share of this. just in case it does do something good.
Posted by blaze on :
anyone else extremely close to vomiting?
Posted by edgewise on :
quote:Originally posted by The Bigfoot: Nothing?
I'm not in this play but ya gotta give more info Doling. That doesn't make sense.
Are you saying the stock ceases to trade?
Or are you saying that it won't affect share price other than the fact that a more stable entity will now be in control?
Specifics buddy!... before you cause an undue panic.
BF
"Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction."
Posted by doling2005 on :
quote:Originally posted by The Bigfoot: Nothing?
I'm not in this play but ya gotta give more info Doling. That doesn't make sense.
Are you saying the stock ceases to trade?
Or are you saying that it won't affect share price other than the fact that a more stable entity will now be in control?
Specifics buddy!... before you cause an undue panic.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
BF
Posted by BLACKBEARD on :
i'm still sittin on the side line ,was gonna call the co. in oslo , but decided not to make that long distance call ,
Posted by IMAKEMONEY on :
MAN SUBBER BY EOD???????
Posted by doling2005 on :
The company is going to dissolve. Buyers coming in now are be betting the deal won't go through and if they are right, the stock will bounce big
Posted by The Bigfoot on :
Thank you doling/edge for clarification.
Posted by hedfe on :
thinking about getting in but resistance forming at .03 - 4 mm's on ask
Posted by edgewise on :
quote:Originally posted by doling2005: The company is going to dissolve. Buyers coming in now are be betting the deal won't go through and if they are right, the stock will bounce big
I agree. A lot of times it seems that statements like these always go after that 'forward-looking' statement classification, and usually don't actually come through.
My advice is to wait until this stock finds bottom and stays there for a day or two, and then buy a little. Then if news comes out that they break off the agreement, then go in for some bigger bucks.
I'm in a little at .05, and am gonna wait to avg down till later. Not gonna chase this thing down today.
Posted by madmoney on :
quote:Originally posted by doling2005: The company is going to dissolve. Buyers coming in now are be betting the deal won't go through and if they are right, the stock will bounce big
and if they are wrong they will be wiped out? because of this----------------subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.------------------ dont know just asking but thats what it sounds like!
Posted by juice on :
yep who knows, its all a game with a penny like this one be careful!
Posted by The Phat Man on :
what r u all making of these buys that are coming in below the bid? ie. 7000 buy at .0252 at 12:30
Posted by edgewise on :
quote:Originally posted by madmoney:
quote:Originally posted by doling2005: The company is going to dissolve. Buyers coming in now are be betting the deal won't go through and if they are right, the stock will bounce big
and if they are wrong they will be wiped out? because of this----------------subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.------------------ dont know just asking but thats what it sounds like!
exactly. if the deal goes through, this stock is worth 0.00000 (nothing)
if the deal doesn't go through, then the price should technically still be (or go back to being) .12-.14 again.
Posted by edgewise on :
Oh.. does anyone know the O/S or Float for this stock?
I think that would give some interesting insight as to what extent people are selling off their ownership here.
Posted by BLACKBEARD on :
quote:Originally posted by matto: GAPPING HARD
14 FLOAT!!!!!!!!!!!!!!!! 17 os 2.95 52 WEEK HIGH
Posted by 10of13 on :
Reading the PR...seems like there is really no reason that shares aren't being "sold" into the open market..."they" have nothing to loose...over 3m trades on a 17m float and it is going down?
Be careful...I hope it moves up for all...
Posted by edgewise on :
thanks blackbeard. it felt like so long ago that i forgot that i had read that earlier.
i'm assuming that's 17mil, not billion.. if so, then about 20% of the entire ownership has shifted today.. and i'm thinking a lot of it has been for normal investors to people like us on all these boards chasing such bouncers.
i have a weird feeling about this stock that makes me think good things will happen in the coming week or two with it.
Posted by BLACKBEARD on :
well i just triied to contact exabyte , all i got was a recording ontop of recoreding , i'm prolly gonna leave thisin along til i hear the deal didn't go through , or some other good news , to risky fer me by the way edge good call on blld
Posted by vinnie1 on :
F IT HOLDING IF I CANT AFFORD TO LOSE IT I MIGHT AS WELL GET A JOB.LOL
Posted by BLACKBEARD on :
quote:Originally posted by vinnie1: F IT HOLDING IF I CANT AFFORD TO LOSE IT I MIGHT AS WELL GET A JOB.LOL
hell with that i pushed other peoples ball uphill , i don't ever want friggin JOB LOL
Posted by blaze on :
170,000 shares bought at the ask at .0299 -- no uptick... hmm
Posted by The Phat Man on :
there's a nice buy... 170k
Posted by vinnie1 on :
LMAO its only money
Posted by The Phat Man on :
something's gotta give here... another 100k
Posted by blaze on :
mis-post
Posted by The Phat Man on :
gonna take a lot to bust through .03 wall
Posted by Revrat on :
odd trade amounts thats for sure
Posted by BLACKBEARD on :
kinda sucks kuz i was hoping this would be the play o' the day , rekon i'll go look fer sumthin else Posted by juice on :
quote:Originally posted by The Phat Man: gonna take a lot to bust through .03 wall
nothing a few 5k trades cant handle... low float remember we'll see
Posted by edgewise on :
i'm curious about something.. why the heck is Tandberg gonna buy Exabyte?
I mean, it seems like Tandberg's just gonna dissolve the company and pay off some of the liabilities of the notes, and that they won't really benefit at all from the purchase of Exabyte. Is Tandberg a competing company that just wants to buy them out and destroy the competition, or is something else going on?
oh, and by the way.... "The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholders' meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006." ... turns out we can turn it down if we want to.. just wait a couple of months.
i'm becoming more sure that this stock will rebound.
Posted by Stockstar69 on :
quote:Originally posted by BLACKBEARD: kinda sucks kuz i was hoping this would be the play o' the day , rekon i'll go look fer sumthin else
try CSHD...:-)
Posted by BLACKBEARD on :
yeah i made some cash on that when it was fhal .255 to .95 , but it has been tradin around a 1.00 lately , i never seen the 15.00 pps they talked about
Posted by The Phat Man on :
maybe the 'forward looking statement' PR was put out to create a mass sell off thus leaving millions of super cheap shares for insiders to buy the sh!t out of and then the 'agreement' doesn't go through and this thing goes to .20 :-) (conspiracy theory)
at least .03 is on the bid... one more tick up and i've at least made 10%
Posted by Revrat on :
So how does this happen? Promise 51% of the shareholders some Tanberg stock or what? Otherwise I don't see anyone voting to make their share worthless.
Posted by matto on :
BOOOM i am in and gonna go with the run
Posted by edgewise on :
quote:Originally posted by The Phat Man: maybe the 'forward looking statement' PR was put out to create a mass sell off thus leaving millions of super cheap shares for insiders to buy the sh!t out of and then the 'agreement' doesn't go through and this thing goes to .20 :-) (conspiracy theory)
at least .03 is on the bid... one more tick up and i've at least made 10%
wow. i really like your thinking.
Posted by Revrat on :
I think that was a fake boom
Posted by Revrat on :
This might go up and done extremely fast so I would stay alert. we may get a quick shot to make some profit and get the hell out
Posted by matto on :
i think its gonna be a fun afternoon!
Posted by Revrat on :
So lets say some rich dude wants to make some fast cash. Why not just accumulate 51% kill the deal and sell for a huge profit.
Posted by BLACKBEARD on :
yeah good idea i'll throw a quarter mil at it LOL
Posted by Daddy Warbucks on :
I've got a million errands I've gotta run this afternoon, I wanna watch but I can't!
Posted by stocks1984 on :
ouch!! i just read all the posts and many of you are way down in the negative?!! Im showing 80 percent in the red!
Posted by labels on :
My gosh.... Is this the bottom yet? I'm down from 0.06....
Posted by stocks1984 on :
quote:Originally posted by matto: i think its gonna be a fun afternoon!
how is going to be fun when the stock is 80% in the red!
Posted by Revrat on :
Thanks Stocks. We were not aware of that. We thought red was good
Posted by Daddy Warbucks on :
.035 for me. My gf is all ready to leave, I'm stalling...
Posted by BLACKBEARD on :
quote:Originally posted by stocks1984:
quote:Originally posted by matto: i think its gonna be a fun afternoon!
how is going to be fun when the stock is 80% in the red!
it's all relitive to where u get in Posted by stocks1984 on :
quote:Originally posted by Revrat: Thanks Stocks. We were not aware of that. We thought red was good
can tell your down with a huge loss, no need for explanation!
Posted by Revrat on :
Not me. down a little. Most people that are posting here got in between .035 and .045 so It isnt that bad. A couple jumped in early at around .06 or so.
Posted by BLACKBEARD on :
SEEMS to bee decent support here . around .27
Posted by labels on :
I still like shooting myself.... too bad, all my funds are in, and can't add more here to average down...
Posted by vinnie1 on :
in at .031 and .04
Posted by stocks1984 on :
well take a look at the three chart! was over $7.00 right before 2005! Biggest decline on the charts i've seen
Posted by matto on :
This will be just fine imo!!!! lol
Posted by vinnie1 on :
1/3 of float traded
Posted by vinnie1 on :
smell a eod run.
Posted by Revrat on :
Not much holding this back at all at this point. COuld be ready to blow
Posted by matto on :
lol, ROFLMO WEEEEEEEEEEEEEEEEEEE
Posted by edgewise on :
my avg. is .038
would like to see some people buy at the ask and stop selling so that we can see and pass that on our way back up to .15
anybody got some jumper cables? i mean, it's trying to start, but it just needs a little push to get it going.
Posted by vinnie1 on :
.10 tomorrow BAMMMMMMMMMMMMMMMMMM
Posted by vinnie1 on :
SOMETHING NOT RIGHT WIYH THAT PR THEY KNEW THAT IT WOULD KILL THERE STOCK. SO WHAT ARE THEY REALLY UP TO.WAITING FOR ANOTHER PR TO COME OUT REAL SOON.
Posted by BLACKBEARD on :
i jist left a message with mr. beavers at exabyte , we'll see if he calls back
Posted by stocks1984 on :
quote:Originally posted by matto: This will be just fine imo!!!! lol
if this makes a run at EOD, I will be very suprise and also disappointed that i didnt get in. Be fun to watch and see what it does here
Posted by matto on :
he wont
i have all the shares i need to make me rich!
hahahahahahahahahaha
new base here at .03!
Posted by BLACKBEARD on :
LOL matto
Posted by vinnie1 on :
LMAO
Posted by matto on :
quote:Originally posted by stocks1984:
quote:Originally posted by matto: This will be just fine imo!!!! lol
if this makes a run at EOD, I will be very suprise and also disappointed that i didnt get in. Be fun to watch and see what it does here
hop on the money train, cause we are pulling out soon!!!!!!!!!
Posted by stocks1984 on :
quote:Originally posted by matto: he wont
i have all the shares i need to make me rich!
hahahahahahahahahaha
new base here at .03!
whats your average position?
Posted by BLACKBEARD on :
she looks like she's primein up
Posted by vinnie1 on :
.0355
Posted by juice on :
i got all mine at .031 40k rock on lets move this baby up!!
Posted by stocks1984 on :
you gotta be kidding me. lol this might run
Posted by matto on :
.027 .026 .03= and booooom today! just a feeling i have the pr is bs think about it!
Posted by vinnie1 on :
LETS FLY BABYYYYYYYYYYYYYYYYYYYY
Posted by edgewise on :
this is funny if it runs like this.. with nobody buying anything at ask. i wouldn't complain if it did do that though. by all means, GO!
Posted by stocks1984 on :
quote:Originally posted by matto: .027 .026 .03= and booooom today! just a feeling i have the pr is bs think about it!
im not in but lets hope your right! good luck
Posted by matto on :
what the hell its only a gamble, boy o boy it looks stronger and stronger, nice and slow we gooooooooooooooooooooooo!!!!!!!
Posted by Daddy Warbucks on :
aaah, I broke even!
Posted by vinnie1 on :
WHERE JUST GETTING STARTED HERE BREAK OUT THE BEER.
Posted by Stockstar69 on :
Looks to be creeping....UP! ?
Posted by vinnie1 on :
IAM SURE THAT EVERYONE IN PENNY LAND HAS THIS ON THERE RADAR.BAMMMMMMMMMMMMM
Posted by vinnie1 on :
NEXT STOP .10
Posted by Revrat on :
Im just mad I had nothing left to give at .03
Posted by edgewise on :
amazing. i just hopped out at .038, just to play safe.
good luck to everyone here. may you all have a wonderful prosperous ride the rest of the way up.
Posted by matto on :
seeeeeeeeeeee, just dont watch and look at 3:50 hahahahaha trading is a blast!
Posted by vinnie1 on :
ITS ALL OR NOTHING HERE.
Posted by stocks1984 on :
matto were do you see this ending for today?
Posted by vinnie1 on :
DAMN I LOVE BLACKJACK.LOL
Posted by blaze on :
at least try to sell at the ask ... when the bid gets whacked the stock tumbles
Posted by stocks1984 on :
your up 40 percent right matto? currently
Posted by Mysticobra96 on :
Good sell edge, it was up pretty high. It may go higher later but you can definetly buy back lower than what you sold for. Props to you!
Posted by matto on :
I would like it to be at .06 for a double and sell on the gap in the am!!!!!!!
Posted by matto on :
be back in an hour, crap i have to go!! ahhhhhhhhhhh
Posted by vinnie1 on :
alot of people sold this out of fear.if you sell sell on the ask
Posted by labels on :
even at 0.06, i cannot sell, so I guess I'll wait for tomorrow or whenever it goes back up to 0.10.
Posted by Mysticobra96 on :
UBSS is bringing this stock up for you guys w/o any buys even posting.
Posted by blaze on :
did everyone get out?
Posted by labels on :
I'm still in!
Posted by MoneyMoneyMoney on :
I'm still holding. I figure it'll come up soon so I'm not worried.
well kelly beaver at exabyte IR jist called me back , basically he cleared up what we been speculating bout , it is NOT good for shareholders , they will be dissolved and u get nothin , there won't be any assets left. glad as hell i stayed out of this one. GLTA
Posted by Daddy Warbucks on :
Helluva deal, but Kelly Beaver sounds like too crazy a name to be for real, I don't believe you!
Posted by matto on :
so, why would they shareholders approve this then? Thats one reason i cant see it happening!
Posted by Mysticobra96 on :
I would be careful with this stock might be the next cmxk or qbid.
Posted by matto on :
don't marry it FLIP it for PROFIT!!!!!!
Posted by labels on :
oh my gosh... is this thing ever going to get back to at least 0.06. I cannot flip for profit if it keeps being under 0.06.... *&(&%^$%(&^&^%^
Posted by BLACKBEARD on :
don't it's all u man i'm jist passin along info, call ur self the number is a 1-800-exabyte mash 6 for the front desk and ask for invester relations
Posted by vinnie1 on :
GOOD DD BLACK THANKS
Posted by BLACKBEARD on :
quote:Originally posted by matto: so, why would they shareholders approve this then? Thats one reason i cant see it happening!
i agree matto but just too mush controvery fer me , and as far as flippin , i prefer a bit more stable co. to do that with, yall i ain't bashin , just don't like to see anybody get burned kuz i know how that feels Posted by vinnie1 on :
I GUESS IF THERES NO SHARE HOLDERS LEFT THEY CAN DO WHAT THEY WANT.Hmm FOOD FOR THOUGHT
Posted by matto on :
Yes, and we do love dd and tracking of companys, You are correct this is a penny and pennys are dangerous and crppy plays, SO BECAREFUL don't play if you can't afford to lose everything you put in!!!!!!
Posted by vinnie1 on :
YEP SOUND ADVICE
Posted by omaha116 on :
I have to go along with Blackbeard on this one. First off, I do own this stock so take that for what it's worth. I called the IR number and got bounced around and then disconnected three times. I then called the Exabyte number and got Kelly Beaver's voicemail. He returned my call with in about 15 minutes-this was about an hour ago-and confirmed the same info. He said as of today that it did not look good for the "common shareholder". we went back and forth over a couple of issues but I did ask how the shareholder vote was relative if they (the shareholders) were simply voting themselves out of the picture. He said that in this type deal, there are normally a majority of shareholder vote already secured or anticipated. My final question was, "So is this fall in price justified?" and he replied that he thought it was, unfortunately. But hey, it's a penny and too often about perception and momentum so GLTA and do what you will. I'm hoping for a break even point.
Posted by matto on :
buys, coming in!
Posted by matto on :
nice job omaha, and thanks for the effort!!
Posted by Stockstar69 on :
Hmmm, went to Yahoo and pulled up insider transactions. Tom Ward the CEO has been buying large quantities every 3 months (see below). After all that why would he want HIS shares to become worthless also?
(historical quotes, profile, other insiders) 1-Jun-06 835,546 Direct EXABYTE CORP Chief Executive Officer OTC BB:EXBY.OB (historical quotes, profile, other insiders) 1-Sep-05 6,764,915 Direct
Insider & restricted shareholder transactions reported over the last two years Date Shares Stock Transaction ADVERTISEMENT
1-Jun-06 83,049 EXBY Acquisition (Non Open Market)
1-Mar-06 44,843 EXBY Acquisition (Non Open Market)
1-Dec-05 30,804 EXBY Acquisition (Non Open Market)
1-Sep-05 213,819 EXBY.OB Acquisition (Non Open Market)
1-Jun-05 130,536 EXBY.OB Acquisition (Non Open Market)
9-Mar-05 125,815 EXBY.OB Acquisition (Non Open Market)
6-Dec-04 99,008 EXBY.OB Acquisition (Non Open Market)
3-Sep-04 88,405 EXBY.OB Acquisition (Non Open Market)
Posted by IMAKEMONEY on :
watch out, for a GAPPER.JMO
Posted by matto on :
down or up?????
Posted by IMAKEMONEY on :
up!!!!!!!!!!!!!
Posted by vinnie1 on :
SHE MAY KEEP GOING DOWN WITH WHAT WE KNOW.
Posted by omaha116 on :
Stockstar- Would it have anything to do with the TYPE of shares purchased? I noticed that there was a specific pecking order alluded to in the PR and that common shares seem to be at the bottom. Not something I know a great deal about, just curious? Anyone?
Posted by Revrat on :
Because obviously "his" shares will not be worthless. It all sounds pretty shady to me
Posted by vinnie1 on :
SUCKSSSSSSSSSSSSSS
Posted by BLACKBEARD on :
right now now his shares are onlyworth around $26,000
Posted by Stockstar69 on :
quote:Originally posted by BLACKBEARD: right now now his shares are onlyworth around $26,000
Only $26,000 now but over $100,000 this morning and he could not sell due to insider trading and let this happen anyway???
Getting stranger by the minute.
I'm watching for a PR stating a correction to a typo from the earlier PR. LOL
Posted by BLACKBEARD on :
only thing i can come up with is sumthin like a hostile takeover to eliminate compition. if they do come out with that pr , it will bounce like a super ball , i'll be watching too
Posted by matto on :
i will dd later! nice job by all!
Posted by moremula on :
I had higher hopes for this one and am glad i didnt get in around .13. I did get a small position at .045 though and will hold. A lot of shares traded today and I believe it will go up (how much , who knows, and are we at the bottom yet?) MM's should be setting on a pile of shares, its hard to believe that they'll let them go to waste, but who knows stranger things have happpened
GLTA
Posted by onecentlotto on :
News.
*DJ Imation Doesn't See Material Effect From Tandberg, Exabyte Merger
DJ Imation: Exabyte Note Restructuring Won't Affect Results
DOW JONES NEWSWIRES
Data-storage company Imation Corp. (IMN) said restructuring agreements concerning its holdings of Exabyte Corp. (EXBY) convertible notes won't materially affect Imation's financial results.
Tandberg Data ASA (TAA.OS) recently agreed to acquire Exabyte Corp. for $28 million, and as part of the deal, required Exabyte to restructure the notes, which are also held by Hitachi Ltd. (HIT) and Solectron Corp. (SLR).
According to Exabyte, the restructuring would reduce amounts currently due under various debt instruments, and require that new or restructured notes be issued, payable in certain circumstances, as well as the waiver of any existing and future events of default.
as a matter of truth, i'm no longer in this stock. made $14 off of it, amazingly not a loss, at least..
anyways, i really like how this looks for tomorrow. as bad as the news is, it won't really truly effect this stock till the shareholders meet in september-october to decide and then only if the deal goes through.
this was looking really bad, as it had gotten down to hit the .0265 mark.. but the good stuff is that it came off of that and closed above that on decent volume to push it back up.
people for tomorrow will see it as a deal, possibly, and since there's no emergency to have caused this, i'm thinking that it might act like BLLD next few days (hopefully).. go check out the 5-day chart for that one and compare the price behaviors of each.
anyways, in case i don't make another appearance here again, i'd like to thank everyone that kept me company on today's rollercoaster here.
Posted by stocks1984 on :
to the dirt! be careful. (another reference of "too the moon" however opposite direction!
Posted by MoneyMoneyMoney on :
well I took some off the table but still hold 5k shares. I'm not sure what to think and didn't know anything of the news or what was happening. Just had to protect my capital like we always should. 5k moving with those L2's is still a really nice profit.
Posted by atleast on :
Exabyte sold for $28 million By Jeff Smith, Rocky Mountain News August 30, 2006 Boulder’s Exabyte Corp., a struggling data storage company once described as the hottest high-tech company in northern Colorado, announced an agreement Wednesday to sell its assets to Tandberg Data ASA of Norway for $28 million. The sale marks still another loss of a Colorado-based tech company. It comes on the heels of the sale of McData Corp., the last major player in the state’s celebrated data-storage industry.
McData was sold to Brocade Communications Systems Inc. for $713 million.
Kelly Beavers, an Exabyte co-founder and vice president of product marketing, said the current plan is for Tandberg to retain the north Boulder operation and offer jobs to Exabyte employees. Exabyte employs 170 worldwide, nearly 150 of whom are in Boulder.
The deal required Exabyte to restructure its debt agreements and for Tandberg to assume many liabilities. But Exabyte stockholders stand to lose everything.
Exabyte shares, traded on the over-the-counter bulletin board, dropped 75 percent to 3.5 cents Wednesday after the deal was announced.
Exabyte, co-founded in 1985 by former StorageTek executive and co-founder Juan Rodriguez, once was considered a dominant tape drive maker. But Exabyte started to fall on hard times in the late 1990s. Rodriguez, formerly chairman, went off the board several months ago although he is still listed as the company’s chief technologist.
"Spiritually, I think it’s been a pretty tough road for Exabyte," said Robert Amatruda, an analyst for the research group IDC. He noted that it’s difficult for people to "watch a homegrown company get snapped up, especially by a foreign entity."
But Amatruda said Exabyte found itself in an industry dominated by a few, larger companies. "It wasn’t indicative of their products, which were very well-designed."
He said he believes Exabyte management did everything it could in recent years to increase revenue and win new customers, "but the world of tape transitions happens slow." He said the deal gives Tandberg a "well-respected brand in the storage industry" and a U.S.-based distribution channel.
"I’m sure there will be ‘efficiencies,’ but at the end of the day, they want to grow their North American business," Amatruda said of the prospect of Tandberg retaining Exabyte employees.
Exabyte generated $21.6 million of revenues in its first quarter of 2006, while Tandberg Data had $30.5 million of revenues. Beavers said most liabilities are being settled or assumed by Tandberg, with a "minor amount" still outstanding. But he added there is the possibility of continued negotiations.
Exabyte plans to liquidate its operations immediately after the transaction closes, though it’s possible some creditors may decide to litigate the issue.
Most investors already had given up on Exabyte. Even before the deal was announced, the stock had declined to less than 15 cents a share.
Beavers said employees were informed of the sale Wednesday morning, but it was still early to assess the mood.
He said he believes the sale could make customers more comfortable buying Exabyte tape backup systems, which typically are used by small to medium businesses. "I think resellers should find more confidence (now)," he said. "It’s more of a future than we had."
Posted by T e x on :
my daughter knows some of those folks...will call for common-knowledge report...
Posted by atleast on :
quote:Originally posted by T e x: my daughter knows some of those folks...will call for common-knowledge report...
Tex, are you in?
Posted by T e x on :
no
but--lol--you should *never* judge a play by whether I'm in or not...
some weeks I do only safety plays, another day I do crazzzy chit that I never post about...
on the board, mostly i help with DD...usually, if I post I'm in? I'll post when I'm out...not always, but usually...
My sporadic/weird work cycle is such that I miss obvious plays; my personality is to risk something "just to see what happens"; my work ethic is to keep my tools (capital) out of the rain.
Examples: I posted about the gap-to-be-filled on FHAL (now CSHD) at whatever-decimal-point 13, and was jeered/questioned, etc... When it dropped, I had gotten beeped to a service call. Had I been able to trade when it fell to xx13.5--14? Boom! next uptick? I'm in... and it had a good run from there.
Other hand? I just spent nearly two hours spread over 4-5 weeks getting $400 on a geek play (MLNK/ARGA). Cost me $54 to get $400...but I hadda prove a point...point being? If traders make mistakes? No one sticks up for us, eh? we eat it... yet, when companies/brokers/dealers screw up? ohhhhh, too bad... here, let SEC tell NASD to just go ahead and suspend those buy-in provisions...
well, ha ha ha--got my dough and some buddies' dough, too
anyway, see my point? My risk-tolerance is different, but my message remains:
ALWAYS PROTECT CAPITAL
[ August 30, 2006, 23:01: Message edited by: T e x ]
Posted by Danny12345 on :
I got a tiny little to test myself as a guinea pig.... GLTA
Posted by vinnie1 on :
FALLING KNIFE MAKE SURE YOUR NOT IN THE WAY OR ITS GOING TO HURT BAD IAM OUT OF THIS.
Posted by Stockstar69 on :
I think the knife fell yesterday AND the giant gap may need to be filled.
I'm curious to see what the next few days brings.
Posted by vinnie1 on :
ENTER AT YOUR OWN RISK.LOL
Posted by matto on :
Stockstar69 i agree let see what happens!
Posted by moremula on :
Its hard to believe that we the shareholders are holding all the shares that traded yesterday. and its even harder to believe that insiders and mm's plan to be left holding the bag. IMO this should bounce, how much and at what the low is is the question
Posted by vinnie1 on :
I THINK IT WILL SEE .01 TODAY.IMHO
Posted by Revrat on :
It's not hard to understand. The insiders are taken care of. As someone in this thread already said they essentially already know how the vote is going to go. Meaning that 51% of the shareholders have been bought off. I smell lawsuit.
Posted by Schwabie on :
People are actually buying in... RISKY !
Posted by labels on :
I am still hoping to see it back at 0.10. and it might be possible. :-)
Posted by vinnie1 on :
CRAZY IS MORE LIKE IT.
Posted by blaze on :
Why do you feel the need to shout?
Posted by matto on :
.04 here we come!!!!!! roflmao
Posted by labels on :
I believe if we can pass 0.04, it will look very bright.
Posted by juice on :
im out .0389 can't watch all day so had to go and its pretty risky to hold this IMO.. at least i sold at the ask..GL everyone!
Posted by blaze on :
thank you for selling on the ask, as we all know selling on the ask adds no downward pressure to the stock - so thank you.
Posted by The Bigfoot on :
Vinnie gets excited easy.
Too gutsy a play for me but watching and rooting for you guys.
GL
Posted by Stockstar69 on :
Actually bounced up a little from .032.
This day is going to drive me crazy! Posted by Stockstar69 on :
News
Tandberg buying Exabyte
Aug 31, 2006 (Daily Camera - McClatchy-Tribune Business News via COMTEX) -- Boulder-based Exabyte Corp. said Wednesday it agreed to be bought by Tandberg Data Corp. in an expected $28 million transaction. If the deal is approved, the 21-year-old data storage company would join the ranks of a handful of longtime local industry players to recently get acquired.
Under terms of the agreement, Oslo, Norway-based Tandberg will acquire the assets of Exabyte, paying the company $22.5 million in cash and covering the balance of Exabyte's credit obligations.
Exabyte's local site is expected to remain operational and all of its employees will be offered jobs by Tandberg, Exabyte said. The company employs about 150 people in Boulder.
The deal comes nearly two months after Exabyte said it hired Denver-based St. Charles Capital to evaluate strategic alternatives. Exabyte later revealed its uncertainty to achieve profitability, that it defaulted on a line of credit to Wells Fargo and it owed Hitachi nearly $4.7 million, according to a Securities and Exchange Commission filing.
Getting acquired should give the company some new opportunities, and ease any trepidation for customers that thought it was too risky of a choice, said Kelly Beavers, Exabyte's vice president of product marketing.
"There really shouldn't be any more concern about Exabyte," he said. "Now our story is different. We're at least as stable and financially viable as anybody we compete with."
The companies' product lines -- and where those products are sold -- also are very different, creating very little overlap, said Bob Abraham, president of storage research firm Freeman Reports. Exabyte is strong domestically and Tandberg has strength internationally, he said.
"Strategically, it's definitely a positive move for both companies," Abraham said. "They complement each other's technologies very well."
Founded in 1985 by former employees of Storage Technology Corp., Exabyte (OTCBB: EXBY, 3.5 cents) burst out of the storage industry gates in 1987 with an 8-millimeter drive boasting a capacity of 2 gigabytes -- 10 times as much information as its nearest competitor.
During the next few years, the company expanded rapidly, growing to $310 million in sales and 1,200 employees in 1993. Product delays later hit the company hard, and layoffs and management changes ensued during the company's struggles.
To see more of the Daily Camera, or to subscribe to the newspaper, go to
http : //www . thedailycamera . com.
Posted by labels on :
Does anyone think we can get over to 0.04 today?
Posted by Superbee383 on :
quote:Originally posted by The Phat Man: Press Release Source: Exabyte Corporation
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
[/URL]
With that news.. (a paragraph in yesterday's news).. if it DOES go over .04, it'll be a miracle.. whoever owns this when the deal is done.. well.. anyone remember the old K-Mart stock? totally worthless..There is an order of who or what gets paid in deals like this. Sadly enough, those with common shares are last on the list.
Posted by Revrat on :
Even with the old K-mart stock though I was making quite a bit of money towards the end. It would rise and drop all the time even though it was totally a dead stock. You never know. some rumor could spread and it will surge and than drop right back.
I just tried to sell and was only able to unload 5000 shares of this at what I wanted to get so I will ride out these last 15,000 and see what happens.
Posted by vinnie1 on :
BACK UP YHE TRUCK AND TAKE THIS POS TO THE LANDFILL.
Posted by blaze on :
vinnie stop letting your 6 year old son type on this thread please
Posted by blaze on :
you have nothing to provide to this thread and you sound like a moron so leave.
On another note, .252 which is the current bid was the low yesterday so let's see if it'll hold this level.
Posted by blaze on :
hey I didn't want to turn this into a b1tching match but you really truly sound like some kid who got access to his dad's computer and wants to start a interweb fight.
All I was saying is that all you are doing is bashing, "I THINK IT WILL SEE .01 TODAY.IMHO", "BACK UP YHE TRUCK AND TAKE THIS POS TO THE LANDFILL.", "SUCKSSSSSSSSSSSSSS." Those are some of your previous posts and you just sound like a complete moron, actually you type like shakerzzz so it kinda makes sense.
You are a tool.
Posted by matto on :
while you all debate if its a pos or not, i am making green!! flipping RULES! for the record they are all pos
Posted by blaze on :
if you can find where I pumped this stock I'd be much appreciative. Other than that I'm convinced you have brain damage.
Posted by vinnie1 on :
WHY ARE YOU SO WORRIED ABOUT WHAT I HAVE TO SAY.THE PR SAYS IT ALL THE SHARES ARE GOING TO BE WORTHLESS THATS THERE WORDS.I DONT WANT TO SEE ANY ONE LOSE ANY MONEY THAT INCLUDES YOU ALSO.
Posted by matto on :
guts whats the big deal here? no one is going to make a decision on what either of your opinions are! just put dd and buy and sell prices or just let it fade away into the forum history untill something new comes along!
Posted by vinnie1 on :
MATTO LMAO
Posted by labels on :
I'm still holding on this, still hoping for miracle to happen. I got in too earlier at a high price. Gezz... I really hope this can go back to at least 0.06 which was the price I bought it for.
Posted by labels on :
I'm getting really sleepy!!! This thing is not moving at all!!!
Posted by edgewise on :
at least it upticked to .041, and people bought there. it's a start.
not as exciting as i would have liked to see for the day..
but at least it's not falling or anything.
Posted by edgewise on :
quote:Originally posted by edgewise: at least it upticked to .041, and people bought there. it's a start.
not as exciting as i would have liked to see for the day..
but at least it's not falling or anything.
oops, wrong thread
Posted by labels on :
That's true. 0.0262 X 0.027
Posted by labels on :
but I don't think it went over 0.0389 today
Posted by matto on :
almost time to buy!!!!!!!!!!!
Posted by labels on :
Too bad, all my funds are in. I can't buy anymore or else I can average myself down...
Posted by matto on :
mm's playing with this, i want it at .26 ask .03 dam
Posted by matto on :
in at .03 for 28,000
Posted by matto on :
come on baby daddy needs new shoes!!!!!
Posted by labels on :
I wish I had the $$$ to get more!!! Da*n
Posted by edgewise on :
great flipping opps along the way if you dare it.. probably coulda done .027-.030 for an easy 10%
Posted by Schwabie on :
Maybe if you are willing to lose $1000 to make $100... not me !
Posted by matto on :
some pos imed me saying i am pumping this stock, we all know what the pr says, we also know where the share holders stand, if this transaction takes place. Let me make it clear for the 12th time it is a pos and is gonna die when the transaction takes place! i flip for profit i said let this thread die! It is dangerous, it is crazy unless you know what you are doing and can afford to lose everything!!!! So this will be my last post here unless a question comes up or a pr comes out, I DO NOT PUMP ANYTHING EVER!!! FACTS ONLY!! MAKE YOUR OWN DECISIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by stocks1984 on :
quote:Originally posted by matto: some pos imed me saying i am pumping this stock, we all know what the pr says, we also know where the share holders stand, if this transaction takes place. Let me make it clear for the 12th time it is a pos and is gonna die when the transaction takes place! i flip for profit i said let this thread die! It is dangerous, it is crazy unless you know what you are doing and can afford to lose everything!!!! So this will be my last post here unless a question comes up or a pr comes out, I DO NOT PUMP ANYTHING EVER!!! FACTS ONLY!! MAKE YOUR OWN DECISIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ahmen!
Posted by labels on :
Is this thing ever gonna get back to at least 0.06????? Gezzz.....I just want to break even.
Posted by Revrat on :
The answer is no. Not without a rumor or a group play or another company taking interest.
Posted by atleast on :
.035 x .036
Posted by labels on :
last at 0.037... 0.034 x 0.0379
Please get back to 0.06..........
Posted by labels on :
0.037 x 0.04 LAST AT 0.04
I really hope I can see 0.06 today!!!
Posted by Revrat on :
I think * .04 is where alot of people got in and you will be hard pressed to see it rise much above that. But get your fingers ready. if it breaks 4 you may have a a very small window to sell if it hits 05 or 06
Posted by labels on :
Thanks for the advise Revrat. I am hoping to sell it back at 0.06 and break even (actually not break even, cause I have to pay for commisssion) But at least I don't loss that much of $$$
Posted by Revrat on :
I need .045 for even and Ill be happy. but i figure if it hits that it's gonna go a few ticks higher.
Posted by labels on :
well, if we can get to 0.045 today, I'll be happy!
Posted by madmoney on :
news out - 8K - looks like the deal is on. have not read it all.
Posted by labels on :
um... no movement.... what does everyone think of the 8K news?
Posted by labels on :
Woh.... starting to look good today! Hoping it goes back to 0.06. Yeah!!!!
Posted by labels on :
Oh my gosh.... my money is going down the drain....
Posted by Hiker on :
Some just need to learn when to pull.. Greed will bite you in the ass every time in this game.
Posted by labels on :
f*cking thing... is dropping everyday still holding on to my 0.06 shares
Posted by labels on :
500 bid x 50 ask!!!!
Posted by labels on :
does anyone think this thing is going to rebounce?
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