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Author Topic: EAG
Art
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Attractive here at .7 or less
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Art
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Buy at .66
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ranger007
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ART,

Should I dive into this one now or wait for it to go dn more ...


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Art
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I would buy here myself, at .64
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Bob Frey
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I in ... Thanks Art
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fireprep
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Art, would hold EAG at these prices(.59) sell or buy more ?? Thanks
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Art
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I am buying more.
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abram
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Good move Art jumped to .70 after hours.
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abram
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I was looking at Big Charts when I said that . Sure can change quick.
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Art
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This AM it didn't sustain some previous after hours upswing. However, looks like it finally hit botom here. The next rally beginning depends on how long it takes to consolidate at the bottom here.
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Art
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Showing rebound strength today.
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Art
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Finally soaring! Went as high as .91 today.
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abram
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This is going to get real interesting. It really slammed up today. The dog in on this?
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keithsan
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i sold this a while back for almost nothing, nice hold guys.
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Art
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Dog told me to sell last Friday.

Will buy more on dips below .81


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abram
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I'm in. Looks to be a worth swing to me . (
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abram
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RISK FACTORS

Investing in our common stock involves a high degree of risk. You should
carefully consider the risks described below before making an investment
decision. If any of the following risks actually occur, our business could be
harmed. The value of our stock could decline, and you may lose all or part of
your investment. Further, this prospectus contains forward-looking statements
and actual results may differ significantly from the results contemplated by
such forward-looking statements.

We have a history of operating losses and may never achieve profitability.

From inception through August 31, 2004, we have incurred an accumulated
deficit in the amount of $157,106,000. For the fiscal year ended August 31,
2004, we incurred losses from operations in the amount of $39,005,000. We
anticipate that we will incur losses from operations for the current fiscal
year. We will need to generate significant revenues and control expenses to
achieve profitability. Our future revenues may never exceed operating expenses,
thereby making the continued viability of our company dependent upon raising
additional capital.

We have recently restated our financial statements.

Eagle Broadband restated its consolidated financial statements for the
years ended August 31, 2003, 2002 and 2001, to correctly present goodwill,
intangible assets, amortization expense and net loss and restated its
consolidated financial statements as of May 31, 2003, and February 28, 2003, to
increase the provision for bad debt. During the quarter ended May 31, 2004, it
was determined the allocation of the purchase price to net assets acquired in
connection with Eagle's acquisition of Clearworks.net, Inc., and certain other
classifications of intangible assets had not been appropriately accounted for.
The principal change to previously issued financial statements related to the
reclassification of Eagle's goodwill to contract rights, customer relationships
and other intangible assets that are amortizable versus goodwill not being
amortizable following Eagle's adoption of FAS 142. In the future, if Eagle
discovers it may need to further reallocate goodwill, we may be required to
restate our financial statements during the period in which any reallocation is
determined.


2

As we have not generated positive cash flow from operations for the past three
fiscal years, our ability to continue operations is dependent on our ability to
either begin to generate positive cash flow from operations or our ability to
raise capital from outside sources.

We have not generated positive cash flow from operations during the last
three fiscal years and we currently rely on external sources of capital to fund
operations. At August 31, 2004, we had approximately $2,602,000 in cash, cash
equivalents and securities available for sale, and a working capital deficit of
approximately $15,272,000. Our net cash used by operations for the year ended
August 31, 2004, was approximately $3,493,000.

We believe our current cash position and expected cash flow from operations
will be sufficient to fund operations during the current fiscal year.
Thereafter, we will need to raise additional funding unless our operations
generate sufficient cash flows to fund operations. Historically, we have relied
upon best efforts third-party funding from individual accredited investors.
Though we have been successful at raising additional capital on a best efforts
basis in the past, we may not be successful in any future best efforts financing
efforts. We do not have any significant credit facilities or firm financial
commitments established as of the date hereof. If we are unable to either obtain
financing from external sources or generate internal liquidity from operations,
we may need to curtail operations or sell assets.

We have been named a defendant in several lawsuits, which if determined
adversely, could harm our ability to fund operations.

Eagle Broadband and its subsidiaries have been named defendants in several
lawsuits in which plaintiffs are seeking substantial damages, which may include
any of the following lawsuits:

o Enron Corp. vs. United Computing Group, Inc. In September 2003, Enron
sued United Computing Group seeking to avoid and recover a transfer in
the amount of approximately $1,500,000 under Section 547 and 550 of
the Bankruptcy Code.

o Cornell Capital Partners, LP. vs. Eagle Broadband. In July 2003,
Cornell Capital sued Eagle Broadband alleging breach of contract,
fraud and negligent misrepresentation. As of November 30, 2003, the
principal balance of the debenture was approximately $1.2 million and
was repaid, although the suit remains outstanding. We have filed a
counter-claim against Cornell Capital seeking in excess of $2 million.

o The Tail Wind Fund, Ltd. v. Eagle Broadband and Link Two
Communications. In June 2004, the Tail Wind Fund sued Eagle asserting
a breach of contract claim in the amount of approximately $25 million.

o Palisades Master Fund L.P. vs. Eagle Broadband, Inc. In November 2004,
Palisades sued Eagle claiming in excess of $3,100,000 in damages.

We intend to vigorously defend these and other lawsuits and claims against
us. However, we cannot predict the outcome of these lawsuits, as well as other
legal proceedings and claims with certainty. An adverse resolution of any one
pending lawsuit could substantially harm our ability to fund operations.

Our revenues may decrease if recurring-revenue contracts and security monitoring
contracts are cancelled.

For the twelve months ended August 31, 2004 and 2003, approximately 44% and
24%, respectively, of our revenue was generated by recurring-revenue contracts
with Eagle Broadband Services and our security monitoring contracts with DSS
Security. Although to date we have not experienced any significant interruptions
or problems in our broadband or security services, any defects or errors in our
services or any failure to meet customers' expectations could result in the
cancellation of services, the refund of customers' money, or the requirement
that we provide additional services to a client at no charge. Any of these
events, could reduce the revenues or the margins associated with this revenue
segment.


3

We rely heavily on third-party suppliers for the material components for our
products and supply shortages could cause delays in manufacturing and delivering
products which could reduce our revenues.

We rely upon unaffiliated suppliers for the material components and parts
used to assemble our products. Most parts and components purchased from
suppliers are available from multiple sources. We have not experienced
significant supply shortages in the past and we believe that we will be able to
continue to obtain most required components and parts from a number of different
suppliers. However, the lack of availability of certain components could require
a major redesign of our products and could result in production and delivery
delays, which could reduce our revenues and impair our ability to operate
profitably.

I'm out.


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Art
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quote:
Originally posted by abram:

I'm out.

I have been watching since it fell below .81, and unsure of what it was going to do.

My dog won't tell me.


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abram
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He didn't scratch or nod huh? lol
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