AMTC was picked up in my traders sort.... a fairly bullish chart pattern.... fairly heavy inside buying by the principle actors... and it seems buyers are moving in.... well, why? given this company has been hardly profitable over the past several years and has been selling off all their businesses??? I believe the answer resides in this statement found in their 10Q (see you on the other side of 5 soon):
The Company intends to pursue digital data distribution businesses and has acquired Petabyte Corporation, a start-up
enterprise founded by Mr. Cook. The acquisition was approved by the Company's board of directors excluding Mr.
Cook. Petabyte currently has no operations, but owns certain intellectual property (the use of which entitles Mr. Cook
to receive a royalty) in the digital data distribution arena, including a patent pending authored by Mr. Cook, certain
existing know-how and the exclusive rights to know-how created or conceived by Mr. Cook during the next three years
in the digital data distribution arena, and certain Internet domain names and certain service marks. The targeted
businesses for Petabyte Corporation are scaleable systems for selling and distributing customized digital data products
wherein a customer selects particular data products (primarily large data sets, such as software, music, governmental
publications, NASA satellite imaging, etc.) over the Internet, by telephone, from terminals at retail sites, by fax, e-mail,
or other embodiments. Such data sets could be automatically assembled and manufactured on compact disk, digital
versatile disk (DVD), or other media format and then shipped to, or transmitted digitally to, the customer. In
consideration of the sale of Petabyte, the Company has agreed to pay Mr. Cook five annual payments of $200,000
each. The first payment will be made by June 1, 1998. The Company has the right, exercisable at any time
within the next four years, to return the Petabyte enterprise back to Mr. Cook. If the Company exercises this right, no
further payments are required to be made.
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