posted
I alerted about this one on this other forum when it was around .012 and it closed .014 with HOD of .015, I noticed no one here knew about it. I figured I leave this here so you all know.
This is looking real good, had an EOD run today and if opens higher tomorrow it should run up a lot higher.
Posts: 137 | Registered: Dec 2004
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posted
seems both bid and ask are up this morning already...
Affordable Telecommunications Technology Corp. Poised for Major Growth in 2005
HOUSTON--(BUSINESS WIRE)--Feb. 11, 2005--Steven H. Bethke, president and CEO of Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT), (www.atct.us) today announced, "Our reorganization is complete and we are ready to merge Everybody's Phone Company (www.epc-us.com) in as a wholly owned subsidiary. Through the Houston Apartment Association, we have identified over 126,000 apartment units in our target demographic. We plan to start marketing prepaid local and long distance telephone service through these low-end apartment complexes, immediately. We reach profitability with as little as a 1% penetration in this market."
Bethke continued, "Our overhead is significantly reduced as a result of our having closed our money-losing retail locations and Z-Mail Internet division. We are looking forward to a banner year in 2005."
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company undertakes no duty to update or revise these forward-looking statements.
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
shouldnt be too long before this hits or breaks .055 (its high) if it does could easil go to .07 or .08 even .1
8.3 million already traded on a 12m float??? already trounced the daily ave and even has smashed yesterdays
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
anyone else watching this one....seems like it has levelled...any input on this one...personally think it could start upwards...needs a couple of buys to get it kick started...any other opinions?
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
up 20% on very little volume....a few buys should give it a boost
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
can anyone help me with level2 quotes on this stock...thanks...
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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posted
american bulls now have this as a buy-if... seems to have formed a strong base of .01
saw this email (responding to a question about the huge volume from friday) on another message board
I am happy to clarify for you the issue of estimated public float of common shares for ATCT. Like you, I was surprised at the volume on Friday but remember, many of Pink Sheet stock trades are "printed" twice so their true volumes are closer to half of the stated amount. As well, activity in a junior stock like ATCT attracts many Day Traders and Market Makers who try to make intra-day trades to catch a move and this also increases the volume significantly.
The total number of issued and outstanding shares for ATCT is 74 million. Of this, 38 million are restricted shares, held primarily by the Management of ATCT and therefore subject to very strict and long hold periods. Of the remaining 34 million, Managed Money accounts and/or Institutional investors, including Tiger Capital and Stock Charter Group, hold 24 million. The other 12 million is what I consider to be the Estimated Public Float, as these represent shares that are held at large by the general investing public. One can debate the definition of public float. To be fair, there are 36 million free trading shares and some people consider this to be the public float. I consider public float to represent those shares that are widely held and/or not tightly held. I have asked Management of ATCT to have their share structure information on their web site changed to show the 24 million shares held by Managed Money accounts and/or Institutional Investors.
With regards to ATCT affecting any kind of share rollback, I would strongly suggest that this would not occur. Firstly, the present number of 74 million outstanding shares does not necessitate the need for any kind of rollback. Secondly, Tiger Capital and Stock Charter Group are working very closely to assist ATCT with any necessary funding and have a very strict agreement in place with the Company that prohibits the issuance of any new shares without the consent of Tiger and Stock Charter and only allows for the issuance of shares in the event of an mutually agreed upon financing for the Company. Given that ATCT’s business model in the pre-paid telephone space calls for only a modest amount of capital because of the rapid return on investment, only a minimal numbers of additional shares would have to be issued and would be issued at prices considerably higher than where the share price is presently. Only when the Company was in a situation two years ago where expenses started to exceed revenues and things got out of whack was the Company faced with the unfortunate situation of having to issue a significant number of shares to keep the Company alive. This ultimately left the Company with no choice but to roll back the shares after so many shares had been issued for cash.
As the press release on Friday indicated, this situation is well in the past. The Company has closed its retail outlets and Z-Mail Internet kiosks and in fact the Company’s operating expenses are now next to zero. With the Company’s focus now on the pre-paid telephone business, there is no need for significant funding as discussed above and thus little need to finance the Company through the issuance of a large number of shares.
I was pleased to see the volume Friday as it allowed those individuals who are not long-term holders/believers of ATCT stock to get out and allowed new investors to get positioned. This helps create a more solid base for the share price and ultimately helps increase the share price. As the Company's story unfolds, more new investors will buy the shares and fewer shares will be available at these prices, resulting in an increased share price due to more demand and less supply.
Posts: 1207 | From: between buffalo and rochester NY | Registered: Feb 2005
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