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Can a stock that has such a HUGE volume of shares (2 billion+) really be successful? It seems like the volume for CNES is so big, that it would be difficult for it to move up. I'n still pretty new to trading, I'm just curious to see what others think.
Posts: 61 | From: Portland, OR | Registered: Feb 2005
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I didn't mean that they have that many out, just that they have that many available, at least that's what I thought I saw on the last 10Q.
Posts: 61 | From: Portland, OR | Registered: Feb 2005
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tomorrow another big day for cnes.. last run was 10 days of white candle sticks.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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News for 'CNES' - (ConectiSys Receives FCC Certification of Its H-Net-TM- BaseStation Product)
VALENCIA, Calif., Mar 09, 2005 (BUSINESS WIRE) -- ConectiSys Corporation (OTCBB: CNES), a developer of automatic meter reading technologies, announced today that the Federal Communications Commission (FCC) has certified its single channel H-Net(TM) BaseStation product--it's H-Net(TM)C1Base--for commercialization and sale. The Company's H-Net(TM)C1Base is designed to communicate with up to 1,000 H-Net(TM)-MeterSystems per network.
Upward Momentum
The Company believes that gaining FCC approval of its H-Net(TM)5.0 wireless meter reading system in December 2004 was an important step forward. With FCC approval of the Company's single channel H-Net(TM) BaseStation product, the Company believes that it is now positioned for market entry.
Robert Spigno, the Company's President and Chief Executive Officer, stated, "Achieving FCC approval of a wireless product in today's market is itself unremarkable. However, we believe that the combined FCC approvals of both of our wireless meter reading products have resulted in the ability to establish a new, propriety wireless commercial telecommunications meter reading network on a free public band that is ready for commercialization, deployment and sale in the United States, Canada and South America. We believe that this is a remarkable development for ConectiSys and for the wireless meter reading industry."
In Further News
In parallel with the Company's current single channel H-Net(TM) BaseStation product, the Company has been developing an eight channel H-Net(TM) BaseStation product--it's H-Net(TM)C8Base. The Company's new H-Net(TM)C8Base is designed to communicate with up to 10,000 H-Net(TM)-MeterSystems per network due to its multiple channel design and to deliver real-time energy consumption data at low-cost. The Company has verified initial functionality and has undertaken destructive testing of its H-Net(TM)C8Base hardware with several units in inventory that are awaiting new software for additional field testing. The Company anticipates submitting its new eight channel H-Net(TM) BaseStation product for FCC approval in April 2005. It should be noted that this product enhancement will not prevent sales of our current wireless product lines.
For additional information regarding FCC product approval, go to: Grant Certificate Issuance.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control including, but not limited to, market acceptance of new technologies or products, delays in certification by the Federal Communications Commission of the Company's eight channel H-Net(TM) BaseStation product, the failure to obtain certification, the inability of the Company to commercialize and sell its wireless meter reading products, the inability of the Company to gain a competitive advantage in the wireless meter reading marketplace, the effect of the Company's products on the wireless meter reading industry, the effect of the Company's new products or product enhancements on sales of current products, and other risks detailed from time to time in the Company's periodic reports and other filings with the Securities and Exchange Commission.
SOURCE: ConectiSys Corporation
CONTACT: ConectiSys CorporationLuca S. Spigno, 661-295-6763 ext. 204InvestorRelations@ConectiSys.com
Copyright Business Wire 2005
-0-
KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Technology
Networks
Telecommunications
Other Technology
Communications
Other Communications
SUBJECT CODE: Product/Service
Source: Comtext Market News
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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Wow, this thing is dropping like no other, I wonder why?
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry Posts: 460 | From: Council Bluffs, IA | Registered: Mar 2005
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think it'll bounce back at all, or do we make like rats escaping from a sinking ship?!... (oh the shame..)
Posts: 234 | Registered: Feb 2005
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It is going to bottom at like .02 before it stops I think. Then we should see steady gains through April with some contracts hopefully.
Posts: 69 | Registered: Jan 2005
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Lot's of people are holding this stock. It might get into the high .002's. There will be a lot of accumulation again in the coming days and weeks and it will move up again.
It may even break above .005. It's run on no news at all before, but if they can give us some news and confidence about their future operations it will fly.
-------------------- Get In, Get Out...but Make Up Your Mind! Posts: 803 | From: Houston | Registered: Feb 2005
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