posted
Well you're right... from tomorrow evening it will be very hard to wait for the news. (18.5. after business - record date for the determination of shareholders)
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Southern California Edison Company's (SCE) second AMI Program Phase 1 Quarterly Briefing will be held on Wednesday, May 17, 2006, from 9 a.m. - 11 a.m. at 601 Van Ness Avenue, Community Room, San Francisco, CA 94102.
well the meeting is over, I really hope a PR can be posted without compromising any privacy regulations reguarding vendors. If CNES is in this one I would vot for an increase in shares to 50 billion. As long as they(CNES) can state they would prefer a share buyback rether then a reverse split in the future.
posted
I called for Luca but Lighthipe answered and said he would take my questions.
..."The Company believes it is due for change and has made the strategic decision (a course change if you will) to ameliorate the challenge of introducing wireless AMR technology by pursuing the possible acquisition of other companies."
He said he couldn't stress that enough. He also said they were not one of the last 2 companies involved.
Remember, there is 130 companies out there competing.
No PR tomorrow guys.
Might want to sell now and get back in later when things get better...that is if you need your money.
Please take the time to call and varify this yourselves.
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imakmony2005
unregistered
posted
real long, im going in in the morning.
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posted
Main Entry: ame·lio·rate Pronunciation: &-'mEl-y&-"rAt, -'mE-lE-&- Function: verb Inflected Form(s): -rat·ed; -rat·ing Etymology: alteration of meliorate transitive senses : to make better or more tolerable intransitive senses : to grow better
50 Billion shares to buy fertilizer. I think I'm going to pull this weed tomarrow. Good luck to all you guys.
posted
The chart is looking good for a bounce, I think I am gonna wait this one out. it seems that every time I think ahhh, it aint going anywhere, and I pull out, then all of sudden it spikes....
quote:Originally posted by AtHomeDad: Main Entry: ame·lio·rate Pronunciation: &-'mEl-y&-"rAt, -'mE-lE-&- Function: verb Inflected Form(s): -rat·ed; -rat·ing Etymology: alteration of meliorate transitive senses : to make better or more tolerable intransitive senses : to grow better
50 Billion shares to buy fertilizer. I think I'm going to pull this weed tomarrow. Good luck to all you guys.
Main Entry: Plunge Pronunciation: 'pl&nj Function: verb Inflected Form(s): plunged; plung·ing Etymology: Middle English, from Middle French plonger, from (assumed) Vulgar Latin plumbicare, from Latin plumbum lead
To descend or dip suddenly.
Well Bear, looks like we got out just in time. ...but we may just get back in at .0002 yet.
I'll continue to watch from the sidelines and hope that they can at least, from time to time, produce some news with substance.
I still think they have potential, but one thing is for certain...Luca was telling the truth when he said still 1-2 years out.
Ponder this:
*Change of course *Acquisition/Merger/Partnership desprately needed *130 other competing companies *No assurances for further funding *A vote for more shares *Most of what we hope for or assumed was not
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posted
Active yes, but at this point I would prefer them to be moving forward...especially with the amount of money I would be investing. Like I said, they do have plenty potential so I'll just wait and see.
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posted
I don't understand how you can say they aren't moving forward? They are actively in discussions for acquisition with other companies that they believe will open up doors for them....they haven't said anything but they also mentioned a new pilot.
posted
Summary of arguments PRO/CONTRA Conectisys: This is my personal statement, my opinion. I’m from Austria, so please excuse my english ;-)
The close of business today (March 18) is the record date for the determination of shareholders entitled to notice of and to vote at the 2006 annual meeting and all adjourned meetings thereof.
CONTRA: Much dilution till now and another one soon. The coming dilution will drop the share price to approx. 1/3 in relation to the price before publication of it. Theoretic.
1- CNES never sold a product and the progress of the company till 2005 was rather disappointing. 2- At the moment there is no official partnership with a distributor to sell meters and make the NOC useful. 3- No additional investments in the future are sure. (But possible) 4- Additional dilutions are possible, but only after R/S ( “Death Spiral”) 5- If no news regarding a contract or similar will come till the shareholders meeting on June 28, the shares will loose their value (See point 4)
PRO: Since 2005 a change in the history of the firm is definite. CNES works in a branch which is “supported” by the US law, because from 2007 to 2016 the bill from the House of Representatives (H.R. 6) is valid. Reason: Save energy, everyone must be able to read his meter at least one time per day. So ALL (old) meters will be replaced in the USA. Conectisys was duly supported by investors, the last time only a few weeks ago. If an investor gives his money to CNES – in face of the previous business! – attends for good arguments and evidence by Conectisys. There where too much money and power invested in the company, that Mr. Spigno let it die.
Product: 1- FCC certification for the H-Net products, meters and base station. This is an advantage for the quality of the products and will be required by the distributors. 2- The NOC is ready. This is the heart of CNES, a supply of services with high margin. Not only the distributors, also the end-customer can check the power consumption every 15 minutes. 3- MDMA certification in June. This makes the NOC powerful, because it’s certified by the state. This will also be required by the distributors. 4- Except the certifications, CNES has a big advantage to the competitors: Even the acquisition and the also the reading of the meters are cheap. Today the price rules the market, just need to satisfy the minimum requirements. No one will pay for expensive parts, if he can get the same performance with cheaper ones.
5- H-Net technology is not proprietary to any one meter manufacture. Presently, CNES works with the Landis + Gyr and GEE Smart Meters.
Firm/Personnel:
Additional employees in the last months, very qualified persons.
6- A graduate engineer, an insider of the branch and much experience. Mr. Madsen. 7- A highly experienced , man with a long and distinguished career in the electric utility and energy industry spanning thirty years. He worked at SCE and SDG&E. I think we can call him the “wild card” for CNES. Mr. Lighthipe.
So there are enough BUSINESS CONTACTS. (Of course Mr. Spigno and all others in the team are duly qualified. – I did’nt forget them as well…)
Marketing: Often someone says there is no marketing. That’s not true. 8- CNES sends the “AMR Business Case Study” to some distributors. This study documents the saving of costs with CNES products and service. 9- There are pilot projects which shows the system in the praxis. So it doesn’t exist only on a flyer.
The market: It’s big. 10- Actually there are about 145 million meters in the USA. One percent would be enough to make CNES a successful company, said Mr. Lighthipe. 11- The competitors are not all developer, also merchants. 12- To capture the market in the world wasn’t negated, but is not the goal. I think, if a AMR system is effective in the USA, it will be partially used in Europe too.
Present situation: The worst argument – CNES never sold a meter – has no value in my mind, because it’s future technology. Up and till now nearly no one have asked for such a technology, so sale to whom? Of course some companies are always faster, but it’s enough to reach the “moving train”. And CNES will jump on the train, not at least after MDMA certification. The AMR business didn’t start already, not really. Remember HR-6 begins on 2007/1/1. There are many competitors, but not all have FCC+NOC+MDMA. After all certifications, Conectisys is a “thoroughbred vendor”.
Conectisys is advanced as never before. IMO the shares are much undervalued. Every new company, which lives in the same dangerous situation, with such expectations is much higher valued.
The monthly reports by Conectisys do not promise anything or overdraw the expectations. The only promise is “patience, we will go”. I do not believe that a highly experienced man like Mr. Lighthipe jumps on a sinking boat, especially as a liable director.
posted
Too much SCE news had been surrounding this. After word gets out of ConectiSys not being in play, I would think then that not even an acquisition PR would do much to take or take and hold pps up, because investors might begin to realize that ConectiSys' advancement toward any kind of contract...according to news...presumably isn't any closer to winning a contract any more than the other 130 competing companies. Still just treading water so to speak.
Of course a strategic acquisition would strengthen their position in the race/competition for a utility contract, but imo, for the time being...not even knowing how the other 130 companies fare, how can anyone measure any advance when compared to other competitors. I guess we're still in the dark. jmo
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posted
Just to make sure I understand what happened over the last couple of days.....nothing good came from the meeting yesterday and Luca basically said that the company is giving up their current business plan to go and buy another company????? Also I guess this means for now we are all SOL for the near term??????
I'm waiting to re-enter also...I think you and I are in a similar place...Yes???
I got out this time at .0013 and .0011...I currently do not hold any shares but I do have buy orders in...I consider myself part of the CNES long group but do get in and out from time to time...I had only swing traded with about 1/2 my shares until now...
I played this stock since the first quarter of 2005...I made a very nice profit from the time it moved into the mid .002's until two weeks or so ago...Prior to that I had to average down so my PPS was around .0006 when it moved...I had 41 million shares...I hope to re-enter this time with a target of 50 million...
This is a good stock to play in both the near and long term...just remember that stocks move up and down and trading in that light over time can make us nice profits if we choose reasonable entry and exit points..CNES has a technology that demands this stay on everyone's watch list...I follow CNES every day and will continue to do so and hope to re-enter soon....GLTA
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posted
I'm a long player for this one overall but it sure would have been nice to see some positive news about where they are going and that a big potential customer like SCE was at least looking at them. Also did CNES finally get there NOC up and running?...and if so did we get anything from that little tidbit or did they not go live due to some problems?
I'm waiting to re-enter also...I think you and I are in a similar place...Yes???
I got out this time at .0013 and .0011...I currently do not hold any shares but I do have buy orders in...I consider myself part of the CNES long group but do get in and out from time to time...I had only swing traded with about 1/2 my shares until now...
I played this stock since the first quarter of 2005...I made a very nice profit from the time it moved into the mid .002's until two weeks or so ago...Prior to that I had to average down so my PPS was around .0006 when it moved...I had 41 million shares...I hope to re-enter this time with a target of 50 million...
This is a good stock to play in both the near and long term...just remember that stocks move up and down and trading in that light over time can make us nice profits if we choose reasonable entry and exit points..CNES has a technology that demands this stay on everyone's watch list...I follow CNES every day and will continue to do so and hope to re-enter soon....GLTA
I agree. It is currently a good stock for both short and long term.
Showed weakness at holding 7 today though. Maybe a great opportunity to avg down is coming for those still in.
Myself, certain developments must happen before I decide to get back in. Damn!...still a long road ahead.
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quote:Originally posted by stockpicker5: I'm a long player for this one overall but it sure would have been nice to see some positive news about where they are going and that a big potential customer like SCE was at least looking at them. Also did CNES finally get there NOC up and running?...and if so did we get anything from that little tidbit or did they not go live due to some problems?
Those questions should be addressed to Luca or Rod. You should call them.
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posted
United Telemetry and all sub corporations held by CNES are now up to date with their corporation filings.
UNITED TELEMETRY COMPANY Business Entity Information
Status: Active on 5/17/2006 File Date: 7/15/1998 Type: Domestic Corporation Corp Number: C16859-1998 Qualifying State: NV List of Officers Due: 7/31/2006 Managed By: Expiration Date:
No Par Share Count: 25,000.00 Capital Amount: $ 0 No stock records found for this company
Officers Include Inactive Officers
Treasurer - MELISSA MCGOUGH Address 1: 24307 MAGIC MOUNTAIN OKWY STE 130 Address 2: City: VALENCIA State: CA Zip Code: 91355 Country: Status: Active Email:
Director - LAWRENCE MUIRHEAD Address 1: 24307 MAGIC MOUNTAIN OKWY STE 130 Address 2: City: VALENCIA State: CA Zip Code: 91355 Country: Status: Active Email:
Secretary - PATRICIA SPIGNO Address 1: 24307 MAGIC MOUNTAIN OKWY STE 130 Address 2: City: VALENCIA State: CA Zip Code: 91355 Country: Status: Active Email:
President - ROBERT SPIGNO Address 1: 24307 MAGIC MOUNTAIN OKWY STE 130 Address 2: City: VALENCIA State: CA Zip Code: 91355 Country: Status: Active Email:
Actions\Amendments
Action Type: Articles of Incorporation Document Number: C16859-1998-001 # of Pages: 1 File Date: 07/15/1998 Effective Date: (No Notes for this action)
Action Type: Annual List Document Number: C16859-1998-002 # of Pages: 1 File Date: 12/01/2003 Effective Date: List of Officers for 2003 to 2004
Action Type: Acceptance of Resident Agent Document Number: 20060310484-58 # of Pages: 1 File Date: 05/15/2006 Effective Date: (No Notes for this action)
Action Type: Reinstatement Document Number: 20060310485-69 # of Pages: 1 File Date: 05/15/2006 Effective Date: (No Notes for this action)
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quote:Just to make sure I understand what happened over the last couple of days.....nothing good came from the meeting yesterday and Luca basically said that the company is giving up their current business plan to go and buy another company????? Also I guess this means for now we are all SOL for the near term??????
I think the change of direction they are speaking of is moving from R&D focus to marketing and sales of the product line. They are also looking for possible acquisitions of other companies to smooth the road for access into the AMR market for CNES
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How many times have you missed a big stock move simply because you bought the stock too late? A big press release story comes out, you immediately buy the stock and it goes down. In many cases you hold the stock for a while and it goes down further and you lose big. Unfortunately this happens everyday in the OTCBB market. If you look back at any of our news stories from several days ago you will find that a vast majority of these stocks are trading lower than they were when the stories came out. For those of you new to the OTCBB stock market this kind of event did not happen during the bull market of the late 90s. It was the exact opposite back then. You could buy almost any OTCBB stock with good stories and it would run for days. Fortunes were made. With those times gone, everyone is struggling to learn the best strategy for making money in the current market conditions. Has anyone found one yet?
The reality is, today’s struggling market conditions make it now a stock picker’s market. You need to buy stocks in a carefully and calculated manner, with a short term in and out strategy. Buy as little as possible. If you throw your money to the wind you will likely lose everything. However, if you position yourselves in a few special situations you can still make money.
The first general principle to making money on the OTCBB is to realize that this market is NOT for investors but for traders. Investing in OTCBB companies will only bring you heartache and loss, as most of the companies have little if any fundamental value. What this essentially means is that most of the companies have little or no real asset worth or revenue. Even those companies that do have successful and revenue generating operations (at least according to their SEC filings) seem to dilute the market with their shares.
What is dilution? If you follow most OTCBB stocks over time you will find that the public float and total shares issued and outstanding gets larger and larger. A company may have only 1 million shares in the public float (the public float is the number of shares that are out in the marketplace, freely trading or tradeable) at one particular time. Two months later that float could have increased to 10 million shares. One year later it could have 200 million shares in the public float. Dilution is where the companies issue more shares into the market place over time. So the HOT Company that you saw run from .20 to $25 but then fall again to .20 is NOT the same stock today. It is for all practical purposes a totally different company (as far as the structure of the stock). If the public float has increased dramatically it will never run to that price level again. Forget about it and move on to another company, one with a smaller float.
Dilution has to do with the fact that a company’s shares are like cash for those who hold them. Abuses occur with those companies that give away free shares or issue blocks of stock to people who could care less about the company. Lots of service providers (investor relations firms, investment bankers and the like) could care less about the companies that have hired them and simply dump their free shares into the market place at any time. This causes the public float to get bigger and bigger. Smart companies should SELL the shares to these service providers, maybe at a small discount to the market, not give it to them. If you simply give something of value to someone there is a zero cost basis that threatens to destroy those who had to pay for their stock. Greed can run rampant and the little guy that bought the stock on the open market can get killed. Yes, dilution is a necessary evil for tiny companies that are growing and are desperately attempting to attract and secure whatever market they are trying to capture for their service or product. Dilution is necessary because these companies are cash strapped. But this is often taken to an extreme, with many companies issuing a bunch of stock into the market place yet NEVER successfully getting their product or service off the ground.
Many OTCBB of companies simply end up filing bankruptcy or shut down the doors long AFTER they unloaded all of their shares into the marketplace. Others continue operating using the notorious reverse stock split (artificially decreasing the number of shares that are in the marketplace in an attempt to make the stock buying sensitive like it was when the company first started before dilution). After a reverse split has taken place, the companies are free to simply dilute the stock all over again. This is in total disregard for small investors who bought on the open market. Those investors who paid for their stock on the open market and who hold the stock through the duration of such fiascos are left holding an empty bag. This past year we have seen lots of companies do reverse splits more than once. In my opinion, this practice is nothing more than abuse of a country and beautiful economic system that is designed to help companies raise capital to bring their products and services to market. The public pays a heavy price for such scams.
Trading is a different story. Trading is truly the KEY to making money on the OTCBB. A trader does not invest in a company but rather looks for a situation to get in and out of very quickly. A skilled OTCBB trader will get in and out of a stock to make a quick buck. He takes no prisoners. Sometimes he is in the stock for minutes, sometimes hours, and sometimes a few days. A successful OTCBB trader knows that the longer he is in a stock the more likely he will lose money. He doesn’t care what the company does. If all the company does is sell apples and oranges, a skilled trader could make money trading the stock. A trader simply buys it low, before others buy it, and then gets out during a run up. Yes he runs the risk of losing like everyone else if the stock never goes up. But if the company can successfully attract investors to buy the stock the trader can make a fortune. I have seen it happen literally overnight.
This simple trading strategy of buying low and selling high does run contrary to the grain, as everyday companies put out glowing press releases about how good they are doing, the great contracts they have signed, important letters of intent, big acquisitions, successful financing, etc. The press releases are written as if they are trying to attract long-term investors. It almost seems like the companies really want long-term investors. Yet is is often amazing how quickly the stocks seem to fall after these kinds of press release stories come out. Why? Dilution works against the stock and at this time in the stock market there are typically more people selling a stock than buying it. So this puts pressure on a stock and it heads toward zero.
Some companies even hire so-called “analysts” to put out recommendations on the stocks. Keep in mind there are no real Wall Street analysts for OTCBB stocks. Yes there are hired guns that claim to be analysts. But always read the fine print, as you will find 9 times out of 10 that these people have simply been hired to tout a stock. Professional Wall Street knows about the OTCBB world and its problems and that is why they generally ignore it. Have you ever wondered why the Wall Street Journal, CNBC, and others rarely cover OTCBB stocks? Because they know about the things I have just told you.
We received a letter from someone several weeks ago who claimed to be a “large, long-term shareholder” in a company. He was whining about one of our news stories and our timing in releasing the news. He must have been an insider, as we cannot think of anyone who would be foolish enough to buy a big block of stock in an OTCBB company and hold it as a long-term investor. You don’t do that with OTCBB stocks unless you want to lose all of your money. You can be a big investor, long term, in mutual funds, real companies on large exchanges, and the like. Not with OTCBB stocks. Only a fool would do that. A fool and his money.
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U. S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM 10-QSB
(MARK ONE) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended MARCH 31, 2006 or
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________
Commission File Number 33-3560D
---------------------------------
CONECTISYS CORPORATION (Name of small business issuer in its charter)
COLORADO 84-1017107 ------------------------------- ---------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.)
24307 Magic Mountain Parkway Suite 41 VALENCIA, CALIFORNIA 91355 (Address of principal executive offices)
661-295-6763 (Issuer's telephone number)
Not applicable (Former name, former address and former fiscal year, if changed since last report) ---------------------------------
Indicate by check whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |X| No | |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes |X| No | |
As of May 12, 2006, there were 13,675,274,599 shares of the issuer's common stock, no par value per share, outstanding.
Transitional Small Business Disclosure Format (Check one): Yes | | No |X| ______________________________________________________________________________
PART I - FINANCIAL INFORMATION Page Item 1. Financial Statements.
Condensed Consolidated Balance Sheet as of March 31, 2006 (unaudited)................................................F-1
Condensed Consolidated Statements of Operations for the Three and Six Months Ended March 31, 2006 (unaudited) and 2005 (unaudited) and the Cumulative Period From December 31, 1990 (Inception) Through March 31, 2006 (unaudited).....................................F-3
Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the Cumulative Period From December 31, 1990 (Inception) Through March 31, 2006 (unaudited).......F-4
Condensed Consolidated Statements of Cash Flows for the Six Months Ended March 31, 2006 (unaudited) and 2005 (unaudited) and the Cumulative Period From December 31, 1990 (Inception) Through March 31, 2006 (unaudited)............................................F-15
Notes to Condensed Consolidated Financial Statements (unaudited)...........F-18
Item 2. Management's Discussion and Analysis or Plan of Operation............2
Item 3. Controls and Procedures..............................................9
Exhibits Filed with this Report on Form 10-QSB...............................13
ITEM 1. FINANCIAL STATEMENTS.
CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2006
Mar. 31, 2006 ----------------- (Unaudited)
Assets Current assets Cash and cash equivalents $ 124,584 Prepaid expenses 129,822 ----------------- Total current assets 254,406
Property and equipment, net of accumulated depreciation of $344,957 41,888
Other assets License and technology, net of accumulated amortization of $421,478 0 Loan fees, net of accumulated amortization of $498,947 40,608 ----------------- Total assets $ 336,902 =================
The accompanying notes are an integral part of these condensed consolidated
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...but we may just get back in at .0002 yet. ![[Big Grin]](biggrin.gif)
