Get out of cytp, get in AFRR

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Originally posted by alexschmidt99:
DO you guys think this will pop at all when the quarterly comes out? I was told the same think in a roundabout way as emmuhastock; no news, quarterly out mid november.

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Originally posted by kevinbaileys:
HHMMM HHMMM YA YA....CYTP belongs in the toilet? see-why-"TP" belongs in toilet! :p It only place for this. It go down fast!

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[This message has been edited by SilverStreak (edited November 08, 2003).]

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Originally posted by SilverStreak:
New notes for CYTP have really slowed waaaay down. I have a question though, maybe for Mach, since from the beginning you showed the most interest in this stock. As far as a longer term hold, do you still believe CYTP is a stock worth holding. Do you still see potential or have a position in this one? I think more than anything, given the techs., I have for some reason just become attached to this stock. You know what everyone always says you should not do, just because you like it. Anyways, I love the board, there is always a great deal on info here, and I hope to become a part of it. I really enjoy the friendly environment here, you all seem to be a great group!

[This message has been edited by SilverStreak (edited November 08, 2003).]

[This message has been edited by SilverStreak (edited November 08, 2003).]

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Originally posted by dawn0304:
Moving up today. Could be a good sign?

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Originally posted by Mav:
Let's wait and see, the volume is over 30 mill now...

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[QUOTE]Originally posted by machtabow2:
[B]Looking Good today! Moving up into quarterly or just oversold? mach

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Originally posted by machtabow2:
Hello, Just read your message. No I currently do not own a position in CYTP. I recommended a buy a long time ago @ .003 and watched it rise up on momentum to .012. Many made an astronomical amount of money. If a stock has lost up momentum and continues to spiral downward... you need to step aside. The deal here is that many people state that they have called the company and the company states they will not issue a PR before earnings. That said... it may continue downward. I can see by the techs and the fact that it has even dropped below .005 support that the selling continues. I will be back here sometime. I will watch the techs carefully and look for an indication in change of trend. For now. MACD has crossed below 0.00 which means it could continue downward for a while. Try not to fall in love with a stock. Especially penny stocks. There is so much potential. Rather fall in love with making money... follow "what's hot today" or "what's hot this week". The market...especially with penny stocks moves money around often. Follow the money... the momentum... and take profits when you can.... If you find that you for some reason bought late or are holding a position that continues to go downward... sell and move on. You could watch a position continue downward for weeks... but also have the choice of moving money somewhere where you can make money fast. Many penny stocks turn 100% gains in a day. You need to find the party... take the ride and then bank profits when you can. I often look for stocks to go higher and higher and higher... and get excited as well... but at some point in time... they do stop and consolidate for several weeks before continuing upward. Because we know nothing about CYTP current business operations.... and the price continues to go down... means many are losing patience... and stepping aside. If you are riding "free shares..." then you can afford to wait for the next big up... which could happen sometime. Another thing. Even though stocks go down for several weeks at a time... sometimes... just in one day... they go back up twice as high!! Use your best judgement. mach

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Originally posted by dawn0304:
If you take a look at www.sec.gov it has the reporting history of the company. They typically file mid-November. I believe that it is due on the 15th. Also, since the filing is due on the 15th, which is a Saturday, I'm assuming they have until the 17th to file?

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Originally posted by SilverStreak:
So most likely next week then if not friday!
Thanks for the link..

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Quarterly Report

Item 2. Management's Discussion and Analysis. -
Results of Operations.

Three months ended September 30, 2003, compared to three months ended September 30, 2002. -

Revenues for the three month period ended September 30, 2003, decreased to $213,507, from $288,117 for the three months ended September 30, 2002, as the result of the loss of customers and the decrease in average rate to maintain existing customers in this competitive telecom environment.

General, administrative and selling costs were $598,883 during the three months ended September 30, 2003, as compared to $665,066 for the three month period ended September 30, 2002. This decrease was due to a decrease in consulting fees paid by the Company.

During the three months ended September 30, 2003, we had a net loss of $(539,147), as compared to $(544,513) in the year-ago period.

After taking into account preferred stock dividends of $29,681 and $41,612 in 2003 and 2002, respectively, net loss available to common stockholders was $(568,828), or $(0.00) per diluted share, during the three months ended September 30, 2003, and $(586,125), or $(0.03) per diluted share, during the three months ended September 30, 2002.

Nine months ended September 30, 2003, compared to nine months ended September 30, 2002. -

Revenues for the nine month period ended September 30, 2003, decreased to $658,991 as compared to $911,826 for the nine month period ended September 30, 2002, as the result of the loss of customers and the decrease in average rate to maintain existing customers in this competitive telecom environment.

General, administrative and selling costs increased to $1,910,265 for the nine month period ended September 30, 2003, from $1,599,620 for the nine month period ended September 30, 2002. This increase is due to an increase in consulting fees.

During the nine months ended September 30, 2003, we had a net loss of $(1,718,432), as compared to $(1,246,087) a year ago.

After taking into account preferred stock dividends of $87,078 and $95,839 in 2003 and 2002, respectively, net loss available to common stockholders was $(1,805,510) ($(0.01 per share) during the nine months ended September 30, 2003, and $(1,341,926) ($0.11) during the nine months ended September 30, 2002.

Liquidity and Capital Resources.

At September 30, 2003, we had total current assets of $431,724, including cash of $218,323. Management believes that our current cash on hand will be insufficient to meet our expenses during the next 12 months.

We will need to raise more cash by selling debt or equity securities to continue our operations. There can be no guarantee that the required funds will be raised.

Forward Looking Statements. -

Statements made in this Form 10-QSB Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and of our business, including, without limitation, (i) our ability to gain a larger share of the telecommunications industry, our ability to continue to develop products acceptable to the industry, our ability to retain relationships with suppliers and distributors, our ability to raise capital and the growth of the telecommunications industry, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, in addition to those contained in our reports on file with the Securities and Exchange Commission: general economic or industry conditions, nationally and/or in the communities in which we conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, changes in the telecommunications industry, the development of products and that may be superior to the products and services offered by us, demand for telecommunications, competition, changes in the quality or composition of our Company's products and services, our ability to develop new products and services, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our operations, products, services and prices.

I'll watch for a bounce play in the next week or two... mach

"At September 30, 2003, we had total current assets of $431,724, including cash of $218,323. Management believes that our current cash on hand will be insufficient to meet our expenses during the next 12 months.

i remember it went all da way to 0.0026 before it start running to 1 penny

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Originally posted by KostaVan:
Yup..I got out of my free shares a couple weeks ago with good profit.

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