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Author Topic: TYRIA
whizknock
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For what it's worth!

Different sites showing an ask of .0008

Is this a head fake? Or, are they ready to let it go?

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whizknock

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Good Morning Whiz!

My Ameritrade shows .0004 x .0008 too. One thing though - as SOON as the market closes - not all, but MANY Bids drop to WAY below what they were and Asks go ridiculously high. Over the years I've seen the bids/asks jump all over the place Pre-Market on Ameritrade, where it looks like a stock is gonna gap up big-time - but by the time 9:30 gets here - sometimes they drop the ask through the floor open and crash!

I have my TYRIA set to sell half at .001, 25% at .01 and 25% at .02! Get the principal back.

Also - do you know any good swine flu vaccine plays, other than BONU? News this morning says half of U.S. could get it this fall, and as many as 90,000 people here could die.

My GNVC just got another $2.5 mil. grant. YAY. Was dropping way low lately.

Thanks,
Steve

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jdizz
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love look at apt. they sell the masks, and ever since swine flu has been anounced this thing is growing.. i got in at 2.50 and its at 4.48 now

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dont make yourself loose money in a stock that you had a resonable profit in

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jdizz
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the fundamentals on this thing is amazing and since swince flu sales went up like 70% or so

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dont make yourself loose money in a stock that you had a resonable profit in

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Good Morning jdizz!

Wish I got in at $2.50 with you! I see HDTS is still around - WOW - same price that it was at like 5-6 years ago: .01 range! Had some nice runs way back though.

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Whiz - at 8:52am it's back to .0004 x .0005 - Would have been nice though!

I think today's gonna be a great day all around in penny land - even though the blues chips should be hurting with the bad news coming. The President re-appointed Bernanke 5 months early just to try and stave off a crash this morning....

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NEWS OUT!! http://www.smartmoney.com/news/pr/?story=PR-20090825-001890-1558&hpadref=1

SWK Technologies, Inc. Named 2009 Killer VAR by Accounting Today


Technology Solutions Include Sage MAS 90/200/500, MAPADOC EDI and QuickBooks Enterprise
LIVINGSTON, N.J.--(BUSINESS WIRE)--August 25, 2009--


SWK Technologies, Inc., was recently named a 2009 Killer VAR (Value Added Reseller) by Accounting Today. Among other technology solutions, SWK represents and consults on Sage MAS 90, 200 and 500; MAPADOC EDI; and QuickBooks Enterprise.

"This year's Killer VARs have found their respective silver linings by turning to more Web-based services, innovative revenue-generating offerings, more efficient workflow processes and enhanced customer service," writes Antoinette Alexander in her article for Accounting Today. "For these organizations, their efforts are paying off and they have demonstrated that they have the drive, determination and savvy mindset it takes to be listed among the 2009 class of Killer VARs."

"We are very proud to be one of this year's Killer VARs because it not only validates our reseller relationships with Sage, Intuit, Swiftpage and other vendors, but also emphasizes our commitment with our customers " says Jeff Roth, CEO. "This underscores the reseller relationship and the value we bring to our partners and customers."

For more information on Sage, MAPADOC and QuickBooks' solutions, visit www.swktech.com, call (877) 979-5462 or contact Jeff Roth at jeff.roth*swktech.com.

About SWK Technologies, Inc.

SWK Technologies, Inc., is an IT consulting company providing strategies and solutions to meet its clients' information and business management needs. As a Sage Software Authorized Partner, Sage Gold Development Partner and Authorized Training Center, SWK offers best-of-breed solutions for accounting and business management, human resources and payroll, CRM, job management and warehouse management. Specializing in collaborative commerce -- the communication and cooperation between suppliers and customers -- SWK developed MAPADOC EDI, a robust EDI solution that integrates seamlessly with the business management solutions it sells and supports. SWK has offices in Livingston, NJ; and in New York in Manhattan, Long Island, Syracuse and Buffalo.

***Photo of Jeff Roth Available Upon Request


CONTACT: Cytron and Company

Scott Cytron, 214-654-9163

Mobile:

972-743-4671

scott*cytronandcompany.com


SOURCE: SWK Technologies, Inc.
Copyright Business Wire 2009

(END)

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TYRIA has big vol. today - 180 mil.

Went from .0002 to .0004 and closed at .0003.

Someone named Maestro said on Yahoo that he was buying 40,000,000 shares at 3pm today -

Hey - Who knows if he did - but the vol. was sure there!

Good Luck to us all....

Steve

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Maybe FRIDAY will be the day to get out....and with a double or triple???? This looks good!

Form 10-Q for TREY RESOURCES INC


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12-Nov-2009

Quarterly Report


ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
Readers should read the following discussion in conjunction with our condensed consolidated financial statements and related notes included elsewhere in this filing as well as our audited consolidated financial statements and related notes for the year ending December 31, 2008 filed with Form 10-K. The following discussion contains forward-looking statements. Please see "Forward Looking Statements - Cautionary Factors" for a discussion of uncertainties, risks and assumptions associated with these financial statements

Overview

With the acquisition of SWK in 2004, the Board of Directors decided that Trey will focus on the business software and information technology consulting market, and is looking to acquire other companies in this industry. SWK Technologies, Inc., Trey's wholly owned subsidiary and the surviving company from the acquisition and merger with SWK, Inc., is a New Jersey-based information technology company, value added reseller, and master developer of licensed accounting software published by Sage Software. SWK Technologies also publishes its own proprietary supply-chain software, the Electronic Data Interchange (EDI) solution "MAPADOC." SWK Technologies sells services and products to various end users, manufacturers, wholesalers and distribution industry clients located throughout the United States, along with network services provided by the Company.

On June 2, 2006, SWK Technologies, Inc. completed the acquisition of certain assets of AMP-Best Consulting, Inc. of Syracuse, New York. AMP-Best Consulting, Inc. is an information technology company and value added reseller of licensed accounting software published by Sage Software. AMP-Best Consulting, Inc. sells services and products to various end users, manufacturers, wholesalers and distribution industry clients located throughout the United States, with special emphasis on companies located in the upstate New York region.

Management is uncertain that it can generate sufficient cash to sustain its operations in the next twelve months, or beyond. It is unclear whether the acquisition of SWK, Inc. will result in a reasonably successful operating business and can give no assurances that we will be able to generate sufficient revenues to be profitable, obtain adequate capital funding or continue as a going concern.

Nine months ended September 30, 2009 as compared to the nine months ended September 30, 2008

Since the acquisition of SWK, Inc., on June 2, 2004, all revenues reported by Trey are derived from the sales and service of Sage Software and MAPADOC products to various end users, manufacturers, wholesalers and distribution industry clients located throughout the United States, along with network services provided by the Company.

Revenues for the nine months ended September 30, 2009 increased $40,131 (0.7%) to $5,751,394 as compared to $5,711,263 for the nine months ended September 30, 2008. These sales were all generated by the Company's operating subsidiary, SWK Technologies ("SWKT"). This increase is primarily due to increased consulting revenues offset mostly by decreases in software sales and revenues derived from maintenance agreements.

Gross profit for the nine months ended September 30, 2009 increased $431,151 (21.5%) to $2,441,000 as compared to $2,009,849 for the nine months ended September 30, 2008. For the nine months ended September 30, 2009 the gross profit percentage was 42.4% as compared to 35.2% for the nine months ended September 30, 2008. The mix of products being sold by the company changes from time to time, and sometimes causes the overall gross margin percentage to vary. Sales of the larger Sage Software products carries lower gross margin percentage as the relative discount percentage from the supplier decreases whereas consulting revenues derive a higher gross profit. The change in sales mix resulted in gross profit being higher as a percent of sales.

Total operating expenses increased $110,148 (4.7%) to $2,473,844 for the nine months ended September 30, 2009 as compared to $2,363,696 for the nine months ended September 30, 2008. This increase is mainly attributed to the increase in general and administrative salaries.

Total other income (expense) for the nine months ended September 30, 2009 was an expense of $817,187 as compared to an expense of $1,515,850 for the nine months ended September 30, 2008. The decrease in other expense primarily reflects the smaller loss on revaluation of derivatives offset partially bu higher expense associated with the debt conversion discount..

For nine months ended September 30, 2009 the Company had a net loss of $850,031 as compared to a net loss of $1,869,697 for the nine months ended September 30, 2008. The change in net income (loss) was the result of the factors discussed above.


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Table of Contents
Three months ended September 30, 2009 as compared to the three months ended September 30, 2008

Revenues for the three months ended September 30, 2009 increased $27,536 (1.5%) to $1,861,205 as compared to $1,833,669 for the three months ended September 30, 2008. These sales were all generated by the Company's operating subsidiary, SWK Technologies ("SWKT"). This increase is primarily due to higher consulting revenues offset partially by lower software sales and revenues derived from maintenance agreements offset partially by an increase in consulting revenues.

Gross profit for the three months ended September 30, 2009 increased $262,345 (44.2%) to $856,348 as compared to $594,003 for the three months ended September 30, 2008. For the three months ended September 30, 2009 the gross profit percentage was 46.0% as compared to 32.4% for the three months ended September 30, 2008. The mix of products being sold by the company changes from time to time, and sometimes causes the overall gross margin percentage to vary. Sales of the larger Sage Software products carries lower gross margin percentage as the relative discount percentage from the supplier decreases. The change in sales mix resulted in gross profit being higher as a percent of sales.

Total operating expenses decreased $33,770 (4.6%) to $707,067 for the three months ended September 30, 2009 as compared to $740,837 for the three months ended September 30, 2008. This increase is mainly attributed to a decrease in general and administrative salaries.

Total other income (expense) for the three months ended September 30, 2009 was an expense of $474,683 as compared to income of $20,724 for the three months ended September 30, 2008. The increase in expense primarily attributed to the higher loss on valuation of derivatives and the expense associated with the common stock issued for debt conversion discount.

For three months ended September 30, 2009 the Company had a net loss of $325,402 as compared to a net loss of $126,110 for the three months ended September 30, 2008. The change in net income (loss) was the result of the factors discussed above.

Liquidity and Capital Resources

We are currently seeking additional operating income opportunities through potential acquisitions or investments. Such acquisitions or investments may consume cash reserves or require additional cash or equity. Our working capital and additional funding requirements will depend upon numerous factors, including: (i) strategic acquisitions or investments; (ii) an increase to current company personnel; (iii) the level of resources that we devote to sales and marketing capabilities; (iv) technological advances; and (v) the activities of competitors.

The Company has suffered recurring losses and current liabilities exceeded current assets by approximately $4.7 million, as of September 30, 2009, and, as such, will require financing for working capital to meet its operating obligations. These matters raise substantial doubt about the Company's ability to continue as a going concern. The recoverability of a major portion of the recorded asset amounts shown in the accompanying condensed consolidated balance sheet is dependent upon continued operations of the Company, which in turn, is dependent upon the Company's ability to raise capital and/or generate positive cash flows from operations.

In addition to developing new products, obtaining new customers and increasing sales to existing customers, management plans to achieve profitability through acquisitions of companies in the business software and information technology consulting market with solid revenue streams, established customer bases, and generate positive cash flow. We anticipate that we will require financing on an ongoing basis for the foreseeable future.

On December 30, 2005, the Company entered into a Securities Purchase Agreement with Cornell Capital Partners, LP (n/k/a/ YA Global Investments "YA Global"). Pursuant to such purchase agreement, YA Global purchased $2,359,047 of secured convertible debentures which shall be convertible into shares of the Company's Class A common stock. Pursuant to the Securities Purchase Agreement, two Secured Convertible Debentures were issued on December 30, 2005 for an aggregate of $1,759,047. A portion of this financing was used to convert promissory notes and accrued interest therefrom equal to $1,159,047 into new secured convertible debentures and the balance was new financing in the form of secured convertible debentures equal to $600,000 with interest payable at the rate of 7.5% per annum to be issued and sold on the closing of this Securities Purchase Agreement and a second secured convertible debenture equal to $600,000 with interest payable at the rate of 7.5% per annum to be issued and sold two business days prior to the filing of the registration statement that will register the common stock shares issuable upon conversion of the secured convertible debentures. The debentures were due on December 30, 2007 and May 2, 2008, respectively, and carry an interest rate of 7.5% per annum. The principal and accrued interest on the debentures are convertible into shares of Class A Common Stock at a price per share equal to 90% of the lowest closing bid price of our Class A Common Stock for the thirty trading days immediately preceding conversion. The aggregate balance due of the YA Global debentures at September 30, 2009 is $1,476,800 for principal and $524,267 for interest. As of September 30, 2009, the Company is in default of all the YA Global debentures and continues to negotiate with YA Global to cure the default.


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

Table of Contents
During the nine months ended September 30, 2009, Trey had a net decrease in cash of $45,651. Trey's principal sources and uses of funds were as follows:

Cash provided by (used in) operating activities. Trey had used cash in operating activities of $40,935 for the nine months ended September 30, 2009, a decrease of $400,580 as compared to cash provided by operating activities of $359,645 for the nine months ended September 30, 2008. This decrease is primarily attributed to the decrease in accounts payable and accrued expenses. Management has been keeping tight control on the cash and expenses and has been leveraging their funding needs through related party accounts.

Cash provided by (used in) investing activities. Investing activities for the nine months ended September 30, 2009 used cash of $15,767 as compared to generating cash of $56,124 for the nine months ended September 30, 2008. This decrease is primarily attributed to the proceeds of $67,379 from cash redemptions of the notes receivable that was received during the nine months ended September 30, 2008..

Cash provided by (used in) financing activities. Financing activities in the nine months ended September 30, 2009 provided a total of $11,051 in cash as compared to using $293,472 of cash for the nine months ended September 30, 2008. This increase is primarily attributed to the proceeds of $150,000 from the sale of shares of SWK Technologies during the nine months ended September 30, 2009 and lower repayments of notes payable, convertible debentures and capital leases.

Off Balance Sheet Arrangements

During the nine months ended September 30, 2009, we did not engage in any material off-balance sheet activities nor have any relationships or arrangements with unconsolidated entities established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. Further, we have not guaranteed any obligations of unconsolidated entities nor do we have any commitment or intent to provide additional funding to any such entities.

Forward Looking Statements - Cautionary Factors

Certain information included in this Form 10-Q and other materials filed or to be filed by us with the Securities and Exchange Commission (as well as information included in oral or written statements made by us or on our behalf), may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this discussion and analysis contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
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Anyone still here? I've been "stuck" here for a year - but maybe the time is coming with the recent 2 news PRs and good earnings after 2 years of no PRs???
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
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