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Author Topic: WDAM --> Watch It
Persia
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Gapping. I don't know why.
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
Persia
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12 x 13
Upticking.

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Persia
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125 x 130
Slow but steady.

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Persia
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130 x 137
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Persia
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135 x 140
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Ad astra
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Well, i jumped on board yesterday. Nice to see they are actually reporting and their products show some potential. I'm lurking for now, but glad to see there is a forum to discuss WDAM.

Good luck.

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Persia
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Form 8-K for WORLD AM, INC.


--------------------------------------------------------------------------------

10-Feb-2006

Entry into Material Agreement, Financial Statements and Exhibits


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 23, 2006, the Company entered into a Securities Purchase Agreement with Golden Gate Investors, Inc. (see Exhibit 4.1). Under this agreement, Golden Gate agreed to purchase from the Company a convertible debenture in the aggregate principal amount of $1,000,000 (see Exhibit 4.2). The conversion price is equal to the lesser of (i) $0.20, or (ii) 80% of the average of the 3 lowest volume weighted average prices during the 20 trading days prior to the election to convert, or (iii) 80% of the volume weighted average price on the trading day prior to the election to convert.

In conjunction with the debenture, the Company issued to Golden Gate a warrant, dated January 23, 2006, to purchase 10,000,000 shares of common stock of the company, exercisable at $1.00 per share (see Exhibit 4.3). The Company also issued to Golden Gate a warrant, dated January 23, 2006, to purchase up to that number of shares of common stock equal to $2,750,000 divided by 120% of the average of the current market prices of the common stock for the 20 trading days prior to January 23, 2006, at a price per share equal to the 120% of the average of the current market price of the common stock for the 20 trading days prior to January 23, 2006 (see Exhibit 4.4).

Under an addendum to the debenture and the warrant (dated February 7, 2006), the following was amended (among other things):
(a) the principal amount of the debenture was reduced to $100,000;
(b) the number of shares into which this debenture may be converted was changed to equal to the dollar amount of the debenture being converted multiplied by 110, minus the product of the conversion price multiplied by 100 times the dollar amount of the debenture being converted, and the entire foregoing result divided by the conversion price; and (c) the exercise price of the first warrant was increased to $1.09 per share, with the warrant exercised in an amount equal to 100 times the amount of the debenture being converted (see Exhibit 4.6). With the execution of this addendum, this transaction was closed.

In connection with this agreement, the Company also granted to Golden Gate certain rights under a registration rights agreement, dated January 23, 2006, to the shares to be issued upon conversion of the debenture and the warrants (see Exhibit 4.5).

Golden Gate provided us with an aggregate $150,000 on February 7, 2006, as follows:

- $100,000 was disbursed directly to us; and

- $50,000 has been retained for services provided to our company by various professionals (this represents a prepayment towards the exercise of $1.09 warrant.

Upon notification and verification that a registration statement has been filed with the Securities and Exchange Commission by February 14, 2006, Golden Gate will wire World Am $100,000, which shall represent an additional prepayment towards the exercise of the $1.09 warrant.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits.

Exhibits included are set forth in the Exhibit Index pursuant to Item 601of Regulation S-B

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EverGreen
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thats good

(a) the principal amount of the debenture was reduced to $100,000;

what about the convertion price ?
(crazy formula ...)

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Ad astra
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Im going to read through the entire 8K. Reduction does look good, but im going to have to sit down for a bit and read through through the formula and get a bigger picture.

Thanks for posting Persia.

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Persia
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Just got in.
11 million in financing!
Up 110%.
This should run tomorrow also.

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EverGreen
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... These will come in the form of warrant exercises made in equal monthly installments of approximately $500,000, commencing on the effectiveness of the registration statement.

i'm curious to see the conversion price

i have some left so i'll be happy to see
WDAM back to .045 like Oct

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Persia
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For people who are interested, this is the news.

World Am to Receive Up to $11,000,000 in Financing From Golden Gate Investors Designed to Help Accelerate Development of Its Isotec, Senz-It Product Lines
Monday February 13, 3:20 pm ET

Investment Banker Agrees to Additional Investment in the Company Up to $2,750,000


NEWPORT BEACH, CA--(MARKET WIRE)--Feb 13, 2006 -- World Am, Inc. (OTC BB:WDAM.OB - News) today reported that the company has entered into a transaction with Golden Gate Investors, Inc. to make an investment of up to $11,000,000 in the company. As part of the transaction, the San Francisco-headquartered investment banking firm has a warrant to purchase additional shares that may result in additional proceeds of $2,750,000 to World Am.
ADVERTISEMENT


"World Am will initially receive a total of $500,000: $100,000 in the form of a convertible debenture on closing, and an additional $150,000 -- $50,000 to cover registration filing expenses, and an additional $100,000 payable on filing of the registration statement covering the filing," said President & CEO Robert A. Hovee. "Both these additional amounts represent payments towards the exercise of a warrant under the transaction. Upon the effectiveness of the registration statement, the company will receive an additional $250,000 in the form of a third prepayment toward the exercise of a warrant.

"Thereafter," Mr. Hovee continued, "terms of the transaction call for up to an additional $10,500,000 in equity purchases. These will come in the form of warrant exercises made in equal monthly installments of approximately $500,000, commencing on the effectiveness of the registration statement.

"We are pleased to have negotiated this financing package, and believe that it sets the stage for World Am to fully implement its business plan," the CEO observed. "These investments will help to ensure that we can develop and commercialize World Am's technological expertise -- both our Isotec state-of-the-art security systems and our Senz-It patent protected sensory product applications, once the license option is exercised by Senz-It from the State University of New York at Buffalo."

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Persia
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Imo, they should have waited with the news till tomorrow AM.
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rocktrader
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what do you guys think about this tomorrow? move or small move?
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JL
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I think we might see a big move. 11 million financing is a quite a bit of money.
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Persia
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Goodmorning all!
I hope it's gonna be a green day.

.023 x .024

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JL
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Starting its run on decent volume early.
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Persia
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.026 x .027
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JL
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.0285x.029
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Persia
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It's flying... [Smile]
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Persia
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A shake. Back to the high 20's.
Let's see if there is still momo left in this.

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JL
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Looks like there is. Maybe breakout over .035?
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Persia
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Strong wall at .035.
If we can break that, mammamia... [Smile]

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JL
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Going again....coming up on HOD
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Ad astra
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With the additional funding, this is going to be more than a short term trade for me. Bought a bunch more at .014. Woo hoo, and go WDAM. Gotta love a penny that actually reports and looks very promising. What a way to get in on the ground floor! GLTYA
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Ad astra
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Someone is starting to wake up again. [Smile]
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liberty01
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I saw this one on the radar today. I have a little position, this could be a good looking chart pretty soon.IMO A good PR - big sales [Smile] would be pretty cool- could give this one a big lift. I know they just appointed a new Director from last 8-k.

Lets see, im long on it.

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Ad astra
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I got this over from RagingBull? Anyone know if its true or not?

By: angeleyes15068
22 Mar 2006, 08:54 AM EST
Msg. 103375 of 103376
Jump to msg. #
WESTMINSTER, Colo., Sept. 7, 2005 (PRIMEZONE) -- World Am, Inc. (OTC BB:WDAM.OB - News), ......it has completed the acquisition of Senz-It, Inc., ..... Senz-It is now a wholly owned subsidiary of World Am.

World Am CEO James H. Alexander said Senz-It will now exercise the option it holds to enter into an exclusive, royalty-bearing license with the State University of New York at Buffalo. The six-month option covers patents that will enable Senz-It to develop technology with an entirely new approach to sensing, process monitoring, homeland security and environmental scanning applications. Moreover, the option stipulates that SUNY Buffalo will not enter into an option or license on these patents with any other party during the option period.

SUNY Buffalo already has two patents related to sensor technology, and has a total of 12 pending, provisional and/or follow on patents that cover these innovations, Alexander noted.

.........

To help with the planned commercialization of Senz-It products, Senz-It has entered into a working arrangement with Newport Beach, Calif.-based Select University Technologies, Inc. (SUTI), which has ongoing relationships with approximately 25 major university research centers. It was SUTI that first identified the potential of the SUNY Buffalo patents.

SUTI employs a leading edge, multi-project business development process devoted to the launch of new technology companies based on university research. It is an end-to-end corporate development system for moving a patented laboratory discovery to a commercial product.

It is expected that applications of the technology covered by the license agreement will extend beyond the surveillance and detection needs of homeland and personal security, and will also include air quality, health science and medical, as well as possible uses in food quality monitoring and other vertical markets.

SUTI is the controlling stockholder of WDAM
SUTI is working with SUNY
SUNY is using this sensor tech to detect cancer

get the connection??

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Ad astra
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I think this is just speculation. But interesting nonetheless.
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Ad astra
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Is there anyone currently following this stock? Thanks in advance.
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Ad astra
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Volume picking up today. I added a bit more. Hope some news comes out soon. Be curious to see if there is any connection with the connection to University of Buffalo.

BTW, am i talking to myself? [Smile] anyone else here?

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Ad astra
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NEWS!!!

World Am's Isotec Subsidiary Enters Into International Distributorship Agreement to Market Its State-of-the Art Security Systems in the United Arab Emirates
Wednesday May 31, 10:00 am ET


NEWPORT BEACH, CA--(MARKET WIRE)--May 31, 2006 -- World Am, Inc. (OTC BB:WDAM.OB - News) today reported that its Isotec, Inc. subsidiary has entered into an international distributorship agreement to market its state-of-the-art security systems in the United Arab Emirates.


ARIBA Celcom LLC, based in Dubai, will market Isotec systems throughout the United Arab Emirates, which includes Dubai, Abu Dhabi, Sharjah, Ajman, Umm Al-Quawayn, Ra's Al-Khayman and Al-Fujayrah. The company was originally established to develop a business niche in the rapidly growing radio telecommunication and software security sectors in the Middle East.

ARIBA Celcom LLC now spearheads new business development initiatives and provides consultancy advice on projects such as wireless radio communication, and entry, screening and security solutions for the government, private and public sectors. It also currently represents top Korean and Japanese security related products for synergistic markets.

The management team comprising ARIBA Celcom LLC is an experienced and professional group of managers with many years of marketing, distribution, business development and general management background in the Gulf as well as internationally. The team is led by Aftab Malik, whose business background encompasses more than 30 years of senior management positions in the U.S, Europe, Middle East and Asia Pacific with such companies as Lever Brothers and Warner Lambert/Pfizer. As a board member of a Dubai-based investment firm, he was instrumental in launching several trading businesses in the United Arab Emirates and other Gulf countries.

"We're very excited to have our Isotec team working with Mr. Malik and his very experienced colleagues," said World Am President & CEO Robert A. Hovee. "This is the first step in marketing Isotec products offshore, and we hope to expand that international presence on a continuing basis in the months and years ahead."

"The superior quality of the Isotec product line and its multiple applications suggest to us that security-minded customers in both the private, public and government sectors will recognize the value of placing these systems in use to heighten protection," said Mr. Malik.

Isotec, Inc. is best known in the security industry for its "Transparent Security(TM)" systems, which it conceived and developed. Transparent Security is a registered trademark of Isotec, Inc. All other company or product names are registered trademarks or trademarks of their respective owners.

Additional information on the company is available at http://www.world-am.com or http://www.isotecinc.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the World Am, Inc. Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.


Contact:
Contact:
World Am, Inc.
Investor Relations
951-279-8884

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