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To: Kevin Shea who wrote (1401)2/8/2000 4:55:00 PM
From: M. Walton  Respond to of 48461
 
I am continually taking profits on our rats. Seems like everytime I free up some cash, another Rat comes knocking at our door. Those profits generally fund more profits... great system, our rats.

I never worry about a missed opportunity on this board - we always seem to fund another rat dog for our kennels.

Looking forward to tomorrow...

Murphy



To: Kevin Shea who wrote (1401)2/9/2000 10:50:00 AM
From: KevinThompson  Respond to of 48461
 
Kevin,

I finally jumped into AXC today. Their chart is beginning to look decent. My impression is that they are near to having some more press releases. We've talked about this one before. They have some patented technology, some of which may be nearing going into products yet to be announced.

------------------------------
Ampex to Sharpen Focus On Internet Video Businesses
Plans Sale of Data Systems Unit
Proceeds Will Fund Growth of iNEXTV.com Internet Video Subsidiary

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Feb. 8, 2000--Ampex Corporation (AMEX:AXC - news) a leader in visual information technology whose holdings include iNEXTV.com, a premier developer and netcaster of Internet video, today announced a corporate reorganization that will redeploy the Company's assets to support its rapidly growing Internet video businesses.

To achieve the goal of strengthening its position as a major provider of Internet video programming and technology, the Company will seek the sale of its Ampex Data Systems Corporation (``Data Systems') subsidiary. Data Systems, a maker of high-performance mass data storage and instrumentation recorder products for the entertainment industry and government applications, had sales in excess of $50 million in 1999. Ampex expects to record a gain on the transaction and will use the proceeds for investment in iNEXTV, its Internet Technology Group (``ITG') and other Internet businesses, as well as to retire long-term debt.

``We believe image-based information represents one of the Internet's most attractive growth markets. It is a market that Ampex, with our heritage of innovation in visual technology, is uniquely qualified to capitalize upon,' noted Edward J. Bramson, chairman of Ampex Corporation. ``The sale of Data Systems will enhance our ability to exploit this market opportunity by providing funds to support the expansion of our Internet video businesses. Importantly, the sale also sends an unmistakable signal that we are transforming the Company from a traditional product manufacturer to a provider of programming and services for growing Internet video markets, where our visual technology expertise gives us a competitive edge.'

Mr. Bramson added, ``With our investment in iNEXTV and our track record of innovation in digital video and many of the other technologies used in video streaming today, we are in an excellent position to capitalize on the significant potential of Internet video. Our Internet offerings are unique, since we not only offer a broad range of content and services, but also have access to technology that can improve the quality of online video broadcasts.' He emphasized that Ampex has been on the cutting edge of broadcast technology since the Company's inception in the 1940s. Ampex pioneered the first practical videotape recorder, digital special effects systems and digital video compression. Its products have won an Oscar, 11 Emmy's and other awards for technical achievement in electronic imaging.

Ampex has engaged the firm of Needham & Co. to provide financial advisory services in connection with the proposed sale of Data Systems. Effective with the financial statements for the fiscal year ended December 31, 1999, the Data Systems business will be accounted for as a discontinued operation.

Following the planned sale of Data Systems, the business of Ampex will primarily consist of iNEXTV.com, the Company's technology licensing operations, and ITG. iNEXTV is the premier global network of targeted video-based affiliates on the Internet. The iNEXTV network includes: AENTV.com, one of the largest on-demand streaming video sites about the entertainment industry; EXBTV.com, producer and netcaster of original Internet programming covering the executive branch of government; TV onthe WEB.com, a leading provider of Internet video services; and TV1 Internet Television, one of Europe's top webcasters. ITG is a developer of Internet video technology, including products that permit improved online video using existing bandwidth. The Company will also retain MicroNet Technology, Inc., which manufactures high-performance disk arrays for use in video and graphics.

--------------------------
KT



To: Kevin Shea who wrote (1401)2/9/2000 10:55:00 AM
From: KevinThompson  Respond to of 48461
 
CVOL news:

Covol Technologies Inc. Resolves Outstanding Debt Associated With Its Wash Plant Located in Central Utah
LEHI, Utah--(BUSINESS WIRE)--Feb. 9, 2000--Covol Technologies Inc. (NASDAQ:CVOL - news), Wednesday announced that it has restructured its outstanding debt associated with the construction of its wash plant located in Price, Utah.

The original principal and accrued interest, as of Feb. 4, 2000 totaled $4,927,000. The creditor has agreed to accept the company's note receivable of $2,965,000 from the sale of its Utah No. l synthetic fuel facility as partial payment on the debt and to extend the due date of the remaining balance of $l,962,000, until Oct. 31, 2000.

The remaining balance will bear interest at 6 percent until paid.

Steven G. Stewart, chief financial officer, commented, ``We are pleased that we were able to restructure the wash plant debt for three reasons. First, Covol realized $2,965,000 immediately, the full value on its note receivable, that otherwise would not have been collected in full until December 2007.

``Secondly, the Company has been able to continue to reduce its debt. And third, the remaining portion of the debt has been deferred for over nine months. We appreciated the willingness of the creditor in working with us to successfully restructure this debt.'

Covol is a technology licensing company which engineers industrial waste and other by-products into value added fuels and resources.

Statements in this news release that relate to future plans, possible transactions, or projected valuations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including any statement with respect to anticipated products to be produced using Covol's technology and Covol's strategy.

Such statements are subject to risks and uncertainties that could cause actual results to differ materially. Although Covol believes that its expectations are based on reasonable assumptions, there are a number of business factors which singularly or combined may affect the company's future operating results.

In addition to matters affecting Covol's industry or the coal industry or the economy generally, factors which could cause actual results to differ from expectations set forth in the above identified forward-looking statements include but are not limited to the ability to successfully negotiate terms and consummate proposed transactions, ability to sell company owned synthetic fuel facilities on favorable terms, including the ability to negotiate settlements of contract terminations caused by facility relocations, ability to obtain necessary capital or financing, ability to comply with covenants in financing agreements, including financial performance criteria, ability to conserve capital through cost reductions until operating revenues exceed expenses, ability of licensees to market synthetic fuel produced, generating royalties for Covol, ability of licensees to achieve expected production levels at the synthetic fuel facilities, favorable IRS tax treatment, availability of natural resources and suitable raw materials, ability to locate appropriate sites for facilities, ability of Covol to complete specific research and development projects, and the commercial viability of Covol's technologies.



To: Kevin Shea who wrote (1401)2/9/2000 10:59:00 AM
From: J.R.S.  Read Replies (1) | Respond to of 48461
 
Kevin. TCPI. The average daily volume was traded in the first 50 minutes today.

The float on this stock is 5.9M.

From Monday to today the float has been traded.
For the period Jan 28 to Feb 4, 2000 the float traded.
For the period Jan 26 to Jan 27, 2000 the float traded.
For the period Jan 20 to Jan 25, 2000 the float traded twice.

Bottom line the float has been traded 5 times since Jan 20, 2000 (15 trading days). Float has turned over on the average of every 3 days.

There is interest and money flow into this stock. The volume is increasing and the frequency of the float being traded is getting less and less as we move in time. Chart reflects a break out from these prices in the near short term. IMO