D6 relax, penny companies are hardly ever profitable and these types fo statements are always in the quarterlies.
I don't understand the tone ("relax"). I was in this stock from .14 up to .24 and down to .08. I don't like bad news either but I'm gonna call it like I see it. The reason most of us are/were in this stock was for the Z contract and that has been officially delayed. That is not good news. People been holding this over a month now and now the news is out the the deal is another month away.
My intent was to inform the people holding ELCO so they can manage their risk. That's one of the benefits of a good stock trading forum like this. If it was all pump I wouldn't come here.
Let's look for a bottom and re-enter. GLTA.
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my relax was on your BANKRUPTCY statement, which, you wouldn't buy hardly any pennies because they are mostly in a similar predicament of finding funding to support there ventures.
I stopped out and will be looking for big block buys to see if contract is being signed.
no one pumping, if you didn't post the news i would've.
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posted
Yeah,I should have dumped when it dropped the first time (to around 13 I think). With it possibly doubling or trippling, catching it once it is moving is not a bad thing. See you all closer to May. GLTY.
-------------------- May your trading build your character as well as your portfolio.
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quote:Originally posted by keithsan: my relax was on your BANKRUPTCY statement, which, you wouldn't buy hardly any pennies because they are mostly in a similar predicament of finding funding to support there ventures.
Gotcha!
This one is on my radar still ... I broke a trading rule by not selling when it broke the 12/13 support level. Damn.
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Oakland Unified School District Uses Elcom to Power its Educational eMarketplace Thursday April 7, 2:00 am ET - Oakland Unified School District eMarketplace System goes live at no cost to Oakland California Schools
NORWOOD, Mass., April 7 /PRNewswire-FirstCall/ -- elcom, inc., the wholly- owned B2B eCommerce solutions subsidiary of Elcom International, Inc. (OTC Bulletin Board: ELCO and AIM: ELC and ELCS), today announced that the Oakland Unified School District ("OUSD") has selected and is utilizing PECOS, Elcom's remotely-hosted eProcurement and eMarketplace system, to power its buyer-side educational products eMarketplace, for its 108 schools in the Oakland Unified School District. ADVERTISEMENT
The OUSD eMarketplace System went live on March 31 and includes suppliers such as Dell, School Specialties and Campus Security, with additional suppliers being in discussions to participate.
Elcom is providing OUSD with a hosted eMarketplace solution at no charge to OUSD that includes its PECOS Internet Procurement Manager configured as an eMarketplace, which will automate the procurement process and the purchase of goods and services throughout all of Oakland's schools. An agent fee, based on revenues through the system, is paid to Elcom by participating suppliers.
Oswaldo A. Galarza, OUSD's Information Technology Officer, said, "The selection of Elcom to provide our school district with an eMarketplace demonstrates that Elcom's technology and solutions are proven and robust and reflect the direction that Oakland is pursuing in leveraging technology to improve efficiencies in administrative operations. The Elcom PECOS eMarketplace system will enable schools and departments to take advantage of the flexibility of the Web for procurement needs while maintaining the District Business Rules and posting appropriate information into its internal financial systems, at no cost to Oakland."
Robert J. Crowell, Elcom International, Inc.'s Chairman and CEO, said, "We are pleased to have Oakland Unified School District as our first educational eMarketplace client using the multi-tenant implementation of PECOS as their eMarketplace solution. Public schools across the country are challenged with providing quality education in the face of severe budget cuts and we are gratified to be able to provide a system, at no cost to OUSD, that will improve purchasing across all the schools in the system resulting in lower product and process costs. Anticipated administrative improvements associated with implementation of an eMarketplace powered by our PECOS System will assist OUSD in its mission to do more with less."
posted
Still got it on my watchlist, D6. I can't afford to leave my $ in it (or so I tell myself). I'm hoping to complete my other trades in time to buy a piece of ELCO or else I'll have to bail -- should I think I can catch ELCO on the run -- when it happens.
I got some good words from investor relations (vote of confidence) but you know this is a risky deal - the whole company depends upon this one contract!
Dang. Already at .11; I may miss this one. Still, news isn't expected until May 5 or later, so I'm banking on that. A 4x play would have been nice (.08 -> .32+) but even a tripple or double would make me happy.
(There's always too much opportunity out there; why can't these companies coordinate for us little guys? )
[ April 20, 2005, 13:00: Message edited by: Thorn ]
-------------------- May your trading build your character as well as your portfolio.
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posted
That's the word from ELCO in a news release on March 31:
quote:The Company, which is (as previously announced) a member of the Consortium which is the sole preferred bidder for the U.K. Government's Zanzibar eProcurement tender in the U.K., believes that a general election will shortly be called in the U.K. Because of this, the earliest the Zanzibar agreement is anticipated to be signed is May 2, 2005. The Company believes the Zanzibar agreement, while delayed, will be signed; however, the date thereof remains uncertain.
And then again on April 7:
quote:In addition, even if such a financing arrangement is achieved, it is the Company's belief that the Zanzibar contract will not be signed until at least after the May 5 General Election in the U.K., as previously announced.
Has anyone heard anything about the general election? I'll go do some searching but am not up on UK news.
-------------------- May your trading build your character as well as your portfolio.
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Still, news isn't expected until May 5 or later, so I'm banking on that. A 4x play would have been nice (.08 -> .32+) but even a tripple or double would make me happy.![[Big Grin]](biggrin.gif)
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