Unless I win the lottery I'm done buying until next year. Holding steady 455K.
I think short term reverse split fears have subsided and the anticipation for the upcoming 10Qs preliminary #s, which Brian said is basically in line with projections, has begun. Kudos to all able to get in the 52 week low of .01 yesterday.
posted
IVP Technology Corporation Announces Continued Financial Improvements in Its Q3 Financial Results 10/29/2004 5:15:00 PM TORONTO, Oct 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc., ( TALL ) announced preliminary unaudited financial results today for the third quarter ended September 30, 2004.
Gross revenue for the 3 months ended September 30, 2004 was approximately $1,564,987, an increase of $459,455 or 41% over sales revenue of $1,105,532 recorded in the second quarter ended June 30, 2004. On a year to date basis the company earned revenue of $2,865,014 for the 9 months ended September 30, 2004 an increase of 800% over the $355,776 recorded for the 9 months ended September 30, 2003. Net income from operations for the three months ended September 30, 2004 was $476,224 an increase $421,826 or 775% over the $54,398 recorded in the three months ended June 30, 2004. Net income for the 9 months ended September 30, 2004 was $495,731.
During the quarter ended September 30, 2004 the company continued to improve its balance sheet with several preferred share transactions. A term loan in the principal amount of $500,000 was converted to convertible and redeemable preferred shares and the company received signed subscription agreements for a further $500,000 of preferred shares of which $250,000 was received prior to the quarter end. Improvements in the company's working capital position also continued and will be augmented over the next few months with cash from several additional preferred share sales.
Peter Hamilton, President and CEO stated "I am very excited by our rapid improvement quarter over quarter in 2004 and can reiterate that we will have an excellent year of growth in 2004 and even better results in 2005. Based on what we know today we feel confident in providing guidance that earnings per share will be between $0.005 and $0.01 for the full fiscal year of 2004. Third quarter results would have been higher had one large transaction which is currently in negotiation closed during the third quarter, however we now believe it will close in the next several weeks."
Peter Hamilton went on to caution investors that "the quarterly financials are still subject to final review by our auditors and that the income and balance sheet statements may be adjusted once their review has been completed and this may affect asset, liability and stockholder's equity balances."
About ActiveCore Technologies, Inc.
IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops, sells and implements the ActiveCore "Smart Enterprise" suite of products. These products consist of data integration, web portal, enterprise and mobile components and applications which give organizations of all sizes the capability to "integrate, enable and extend" back office systems to connect to customers and stakeholders. ActiveCore also operates under the trade name MDI Solutions, C Comm Communications Inc. and Twincentric Limited. In combination ActiveCore is able to service clients around the world with any type of IT infrastructure. For information about ActiveCore contact Brian MacDonald at (416) 252-6200. Detailed information about ActiveCore can be found at http://www.activecore.com and its sister sites http://www.twincentric.com and http://www.mdisolutions.com.
Statements contained in this news release regarding IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond IVP Technology's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in IVP Technology's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on December 24, 2003. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
posted
It has been very quit here the last week. It's great to see that the figures have improved again AND that the management released these figures before the end of October like the had promised in a recent PR. Everthing is on track now for releasing the next 10Q on-time so we won't have an E this time. When they go to tradersnation in the near future with this great revenue numbers a lot off people will be interested in buying TALL. These PPS levels will be away very soon. I just put in a market order to buy some more TALL shares.
Future is looking very good as they are still on schedule to have and EPS between 0.005 and 0.01 for this year. A lot of AMEX and NASDAQ companies can't give figures like TALL can.
A reverse split is expected in a few quarters to go to the big boards.
posted
Ridiculous numbers released in the time frame promised to be followed by hitting Traders nation, what brilliant tactical planning by management, especially when compared to the helter skelter (sorry, its halloween, I couldn't resist) state of affairs just months ago. Even better however, is that with each passing quarter it is becoming more evident that the strategic growth objectives are being pursued vigorously with great effectiveness.
Posts: 185 | From: Blacksburg | Registered: May 2004
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quote:Originally posted by Sgt. of ARMS: took some profit this morning on this stock. sold it @.023 and I do not think it will go any higher than the high of .025
You could be right. It all depends on the timing of things. When will they file the next 10Q. When do they announce the new big acquisition? When do they feature on Tradersnation and Agora.
If they manage to give these points a good timing it must be possible to get in the 0.04 and 0.06 range till the end of the year. Next year I expect to see 0.06 untill 0.15.
posted
Closed at 0.0269, almost at the HOD. That should attract some people tomorrow in the morning to get us above 0.03. There also can be a retrace tomorrow because of daytraders taking profit, depends of how many daytraders got in today.
posted
Based on the volume today, I think a lot of daytraders jumped in once they saw strong resistance between .022 and .024. With the traders nation and agora.com announcements around the corner, the 10Q due in a couple weeks, and the announcement of "one large transaction" (aka major acquisition) within several weeks, there's still lots to be excited about it for both TALL traders and investors.
posted
Some profit taking this morning after we gapped up at the opening. Only a shake on low volume. MM's playing a bit to get cheap shares.IMO. With all the upcoming events these levels will be history by the end of this year.
posted
I just spoke with Brian. I asked him about Traders nation, the upcoming 10-Q and the reverse split. He said they paid the fees, the contract has been finalized, and a formal announcement should be made regarding the details "sometime next week." As for the 10-Q, he said the numbers are being finalized with the lawyers and accountants. When I asked him about the timing of the 10-Q, he said, "it should be released after the 15th but by the 21st of this month." As for the reverse split, he said that it is inevitable for a company "growing as fast as we are." When I asked him if he could be more specific regarding the timing of the reverse split, he was deliberately vague, saying only, "it depends on our growth rate, the size of the companies we acquire in the future and the speed at which we acquire them." Also, he told me that he holds 55 million shares, the President, Peter Hamilton holds 50 million shares, and all employees in the company hold approximately 200 million shares total. He also stressed the point that they have a strategic growth model that has proven successful in the past when they took the company (I forget the name) from nothing to $300 million in revenue.
Posts: 185 | From: Blacksburg | Registered: May 2004
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quote:Originally posted by vtcpa04: I just spoke with Brian. I asked him about Traders nation, the upcoming 10-Q and the reverse split. He said they paid the fees, the contract has been finalized, and a formal announcement should be made regarding the details "sometime next week." As for the 10-Q, he said the numbers are being finalized with the lawyers and accountants. When I asked him about the timing of the 10-Q, he said, "it should be released after the 15th but by the 21st of this month." As for the reverse split, he said that it is inevitable for a company "growing as fast as we are." When I asked him if he could be more specific regarding the timing of the reverse split, he was deliberately vague, saying only, "it depends on our growth rate, the size of the companies we acquire in the future and the speed at which we acquire them." Also, he told me that he holds 55 million shares, the President, Peter Hamilton holds 50 million shares, and all employees in the company hold approximately 200 million shares total. He also stressed the point that they have a strategic growth model that has proven successful in the past when they took the company (I forget the name) from nothing to $300 million in revenue.
vtcpa, thanks for the info. Can you please explain which contract Brian was talking about that you mentioned in your third sentence.
TIA
Posts: 292 | From: Baltimore, MD, USA | Registered: Oct 2003
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posted
I spoke with Brian for about half an hour and found him open, and confident, but not cocky. I was impressed by his focus on the big picture, referring to the reverse split as "a natural part of the growth process." His anticipation for big board exposure was palpible. Although he was clearly thrilled with TALL's results so far, he could not overemphasize that all of this was just the very beginning of a prosperous road that he has traveled before and that he, as well as his company, have a vested interested in TALL's success.
Posts: 185 | From: Blacksburg | Registered: May 2004
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posted
Thanks again vtcpa04 for again some great DD.
quote:Originally posted by vtcpa04: I spoke with Brian for about half an hour and found him open, and confident, but not cocky. I was impressed by his focus on the big picture, referring to the reverse split as "a natural part of the growth process." His anticipation for big board exposure was palpible. Although he was clearly thrilled with TALL's results so far, he could not overemphasize that all of this was just the very beginning of a prosperous road that he has traveled before and that he, as well as his company, have a vested interested in TALL's success.
"we are not dumping 300,000,000 million shares into the market - rather we are continuing the registration of the shares that we previously registered and registering the shares as per the purchase agreements of the shares that were given for the acquisitions that were done in 2003 and 2004 - if you read a little further you will note that there is no dilution and that most of the shares have been issued many months ago. The most important thing to note in the SB 2 is that we are not registering any additional shares for the Cornell line of credit therefore there will not be any further dilution or any selling taking place - when insiders sell they still have to file 144 filings."
posted
Today I briefly spoke with the CEO, Peter Hamilton. I asked him about Traders Nation and the upcoming 10-Q. He said that the Traders Nation contract "should be finalized next week since Brian is on vacation this week." As for the substance of the 10-Q, he said that as far as he knows it should be in line with #s released in the PR in late October. About the timing of the 10-Q, he almost blew a gasket. He said that "filing late--it really pisses me off, even more than it does the shareholders. You do everything right and then file late--its like shooting yourself in the head. And what really pisses me off is that its not our fault--these auditors--if we're late again we'll probably fire them." He added, that "we filed for the extension today and it should be released by the 23rd." He also reiterated that the acquisition mentioned in the pre 10-Q pr "should close soon and provide us with an excellent revenue stream"
Just a couple comments and observations about my chat with the CEO: I wanted to talk longer but couldn't since I was at work. It was obvious that he had spoken with numerous other trader/investors regarding the 10-Q and was livid about the late filings--who could blame him, he is after all one of the biggest shareholders.
posted
Nice to see u posting again LIVIOS. For a while I thought I was posting to myself!
Really light volume so far today. Next week should be interesting. I liked hearing the CEO all riled up about the late filings yesterday. I just hope TALL follows words with deeds. Only time will tell, but considering the #s that should be reported, I'm willing to give them a chance.
posted
I have been very busy at work the last 2 weeks. But don't worry, I am still holding a nice amount of TALL shares. Looking forward to next week. When we get a "E", I think we will get te ability to buy again under 0.02, I won't say no to it, as I sold some shares at 0.026 and 0.031. But for the long term I hope they file on time so we can leave current PPS levels forever. Time will tell.
Good night.
Livios.
quote:Originally posted by vtcpa04: Nice to see u posting again LIVIOS. For a while I thought I was posting to myself!
Really light volume so far today. Next week should be interesting. I liked hearing the CEO all riled up about the late filings yesterday. I just hope TALL follows words with deeds. Only time will tell, but considering the #s that should be reported, I'm willing to give them a chance.
posted
Revised list of upcoming events (according to recent filings and my chats with Chairman Brian MacDonald and CEO Peter Hamilton--see previous posts for more details)
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