posted
looks like support is 14/15 i doubt it will break down. It may do a quick shake down to there but it seems safe.
MTGVO: if the news comes, you should be happy getting in here. If it doesn't come, you should be able to exit where you got in. Its a low float, solid company. Not much risk.
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posted
I got some more at .14 after a long wait. I guess they are shaking some holders out of the tree.
Speaking of Elcom, they have had close ties with the OCG for a while now. They presented at a conference in May '04 along with OGC. Someone else also presented Scotland's eProcurement system (provided in part by Elcom in '02). It is no wonder they are the "preferred bidder."
-------------------- May your trading build your character as well as your portfolio.
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posted
I'm holding til news comes. Hoping it isn't like UWRL (but I can't see it doing like UWRL and not moving up). There's some close ties between the company and the gov, and that's how gov contracts are acquired. And the delay is very government-typical.
The longer it takes to go up, the more I end up buying
-------------------- May your trading build your character as well as your portfolio.
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posted
I'm holding. Actually adding a little more. When I emailed the company a week or so ago about Zanzibar deal the response was "we cannot discuss deals we have not yet finalized." Trying to read between the lines I take that as a positive. Yet finalized? Why not "in current negotiations" or something like this? I'm gonna continue to hold.
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posted
I emailed one of the execs on the 3rd and he sent his email to me on the 4th. And he told me to email any further questions to investor relations. He said he would forward my email to them. Then Thorn, I received the same email from investor relations as you did. Anyway, I feel like Laktu and hope Christmas comes early this year.....
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posted
If I am not mistaken, their annual report is due to come out before too much longer. Last years was dated 29 March. At least there will be something as to how things are going in the company. I, too, have written them (as well as PA consulting) and am waiting a reply. Do not expect too much as is common, but thought what heck. I am confident we will get something within the next two weeks (end of month) timeframe.
-------------------- "You cannot play them all, so pick good ones and play them well."
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"The Company, which is (as previously announced) a member of the Consortium which is the sole preferred bidder for the U.K. Government's Zanzibar eProcurement tender in the U.K., believes that a general election will shortly be called in the U.K. Because of this, the earliest the Zanzibar agreement is anticipated to be signed is May 2, 2005. The Company believes the Zanzibar agreement, while delayed, will be signed; however, the date thereof remains uncertain. This further substantial delay has impaired the Company's fundraising opportunities. Because the Company had already expected the Zanzibar contract to have been awarded and announced (which would have enhanced fundraising activities), this additional delay has exacerbated the level of the Company's shortfall of operating cash. As a result, the Company will soon be unable to fund operations or other obligations.
While the Company continues to explore several opportunities to raise additional funding, the Company has limited funds to operate and there can be no assurance that any new funding will be received, or on what terms. In addition, as previously disclosed, the Company believed that its liquidity sources would allow it to operate into the first quarter. Hence, if the Company is unable to secure funding to operate and pay its creditors by April 2005, it will be forced to seek protection under Federal bankruptcy laws and may not be able to operate as a going concern."
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![[Big Grin]](biggrin.gif)
That's the only volume so far today.![[Wink]](wink.gif)
I dunno who got the 100 before me.![[Smile]](smile.gif)
I guess they are shaking some holders out of the tree.![[Razz]](tongue.gif)
![[Frown]](frown.gif)
and yet I look with anticipation every morning for the news....
