posted
Been holding this guy for 3 weeks and its done nothing so far. It has recently moved up from the pinks (or is still in transition). Could this finally be the breakout week after the long awaited transition to the Nasdaq BB?
Posts: 236 | From: TN | Registered: Aug 2005
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posted
With the company being insolvent as of June 30, I think the move to the Nasdaq BB and obtaining the rights to xtreme games was a plan by managers to make OXFV more attractive for a possible merger or sale to another company.
posted
Here's my evidence which is stated in the company SEC filing as of June 30, under the heading financing.
Financing
"The Company has been unable to obtain adequate financing with which to pay its current and past due obligations, and therefore has decided to seek other business options including a merger with another Company. If no successful merger or other options are found, the Company's plans to turn control over to the major creditor.
posted
I believe the company is positioning itself for a merger or sale to another. Just my opinion.
As far as the no bid/ask pricing; if you list the stock symbol as OXFV.U, in streamline qoutes, it will list both, but not the volume.
Also, from the graph, this company seems to do very well around Christmas....lets hope we don't have to wait that long.
Posts: 236 | From: TN | Registered: Aug 2005
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posted
I just tried to call Dan Leonard - the CEO and it sounded like it forwarded me to his cell phone. I didn't leave a message.
I can't seem to find there website address, but I am continuing to dig. I would like to know about the transition to nasdaq and about any news that may be coming out about it.
-------------------- It's a good day to make some money Posts: 90 | From: North Carolina | Registered: Aug 2005
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posted
Patrick - not sure if this has ever been posted, but this was an article I found back in March
CINCINNATI, OH -- (Market Wire - Mar 24, 2004) -- AXcess News (www.axcessnews.com) released a story covering several companies taking advantage of the lucrative multi-million dollar sponsorship programs associated with automotive racing.
Sponsorships are coveted by many of today's automotive suppliers whose logos and decals adorn both uniforms and equipment on every racetrack across America and have become a multi-million dollar business.
In a story published March 16 by AXcess News, a host of businesses were highlighted that were benefiting from the start of racecar season across America (See "Vroom$, It's NASCAR Season" http://www.axcessnews.com/business_031404.shtml). Two of those companies, Cintas Corporation (NASDAQ: CTAS) and Oxford Ventures, Inc. (OTC BB: OXFV), made announcements following that story prompting further news coverage.
Cintas, the No. 1 U.S. uniform manufacturer and "the preferred uniform" supplier to NASCAR, reported a 5% increase in revenue for the quarter and a 12.5% increase in earnings in comparison to the same period last year. Improvements were attributed to increased revenue in existing markets.
In fueling that growth, Cintas has moved into the lucrative sponsor arena in NASCAR racing, sponsoring Joe Gibbs Racing and Bobby Labonte as well as the official uniform for the Kentucky Speedway.
Oxford Ventures, which was also featured in our racing season story, announced Monday that it was developing a sponsorship strategy for its Xtreme Games racecar simulators being sold to sports grilles with high patron traffic in the $1 million and over range.
The Mesa, Arizona-based company manufactures and markets a full-sized racecar simulator, which was developed through its subsidiary, Xtreme Games. The racecar simulator was promoted recently at the Las Vegas convention for restaurant and bar owners (called "The Show") that according to the company drew great interest at The Show.
Last week Tuesday, Oxford announced that it was expanding its marketing tactic with bars and restaurants using a sponsorship theme. The company has a distribution agreement in place already with Lugnuts Marketing, LLC and looks to enter into sponsorship programs separate to Lugnuts distribution agreement.
In Tuesday's press release Dan Leonard, President of Oxford, said, "Although discussions are still in the infancy stage, we were made aware of several promising opportunities." Leonard went on to cite casinos as a potential theme sponsor, giving no indication of a pending order.
To read the rest of the story and see how these companies benefit from sponsorship programs go to http://www.axcessnews.com
About AXcess News:
-------------------- It's a good day to make some money Posts: 90 | From: North Carolina | Registered: Aug 2005
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Victor G. Shaefer Director (as of December 8, 2003) ... Victor Schaefer has worked in the car business for more than 40 years, and is skilled in car dealership management, service management, and the development of cross-promotions with corporate partners. Previously, Schaefer was the general manager and partner of a Tempe, Ariz.-based Honda franchise, which ultimately was sold to the United Auto Group. Prior to this, he was general manager of a Mesa, Ariz.-based Nissan dealership, and subsequently opened an Acura franchise in the Phoenix area. In the early days of his career, Schaefer started as an automotive parts counterman for a large automotive parts distributor, where he became an expert at automotive part sourcing.
Mr. Schaefer has also attended numerous service and technical schools, including Dale Carnegie, Nissan, Acura and Honda Management Training
-------------------- It's a good day to make some money Posts: 90 | From: North Carolina | Registered: Aug 2005
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Yes, I ran across these articles 2-3 weeks ago amoung many others on Oxford Ventures.
My research shows that OXFV has a very committed and highly qualified management staff with an exciting product to market. Because of this, I think the company will be successful. When? This is the question.
The problem they have is stated in their financial report for 06/30/05, which I will list again.
"The Company has been unable to obtain adequate financing with which to pay its current and past due obligations, and therefore has decided to seek other business options including a merger with another Company. If no successful merger or other options are found, the Company's plans to turn control over to the major creditor.
Their problem currently, is lack of capital. I think they will either find a financial backer or merge with another company, because of a committed and vested management staff and a good product.
Please read the entire website I've given above to get the total picture.
Think we should start a new thread on this to alert other traders .... do you think we should let them in after we waited so long? I'll leave it up to someone else.
posted
burp..... still not enough volume.... under $10,000 traded a bunch of kids with $500 trades.... :-(
Posts: 1835 | From: Boston, MA | Registered: Sep 2004
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posted
I do know pretend to know a lot about reading charts, but it looks like to me resistance is at .0009 and .0016 but no much after that. With some volume this should move (finally).
Again that is purely my opinion.
-------------------- It's a good day to make some money Posts: 90 | From: North Carolina | Registered: Aug 2005
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