BEEPE .015 x.03. Way undervalue IMO.It filed and it is losing the E next week.
DD:Read all carefully,and you will see some good flavor.
The bid at .015 x 9,7 million out=Market Cap of only $150k.Even as a shell would be worth 5 times that.IMO a fair value on the stock price should be at the list .07 per share for BEEP.
1)As of December 31, 2001, 9,673,936 shares of common stock were outstanding. Also as of December 31, 2001, there were 506 holders of record of the Common Stock based upon information furnished by Progressive Transfer Company, Salt Lake City, Utah, the transfer agent for the Common Stock.
2)Float about 3,5 million only.SMALL.
3)Total assets=$ 1,422,689
Total liabilities = $ 776,173
Total stockholders' equity =$646,516
4)Book value= .067, And the stock is?
5)Insiders below own the crap out of the company.Almost 80%.
David R. Pressler Common Stock 5,240,500 (2) 66.9%
Cede & Co. Common Stock 997,724 12.7%
6)The Company has entered into a letter of intent with a financial institution to serve as agent to obtain equity financing of $10 million.
7)Intangible assets
The Company owns seven Certificates of Public Convenience and Necessity issued by the Alabama Public Service Commission and thirty-four frequencies licensed by the Federal Communications Commission. These certificates and licenses allow the Company to provide wireless messaging services in certain cities in Alabama, Florida, Mississippi, Louisiana, Georgia, Tennessee, Arkansas and Texas. At December 31, 2001 and 2000, the original costs of intangible assets were fully amortized. The information relative to original costs and accumulated amortization at December 31, 2001 and 2000, was not available. Based on appraisals, the approximate fair market value of the certificates and licenses is in excess of $10,000,000 (unaudited)
8)Poor Guy.Even a Secretary gets paid more.
David R. Pressler, the President of the Company, received compensation of approximately $24,000 in 2001
9)Revenues around 500,000.
10)Trading at $2 then.
In January 1999, the Company entered into an agreement with a firm to provide financial and public relations services beginning at such time as the Company became compliant with all U. S. Securities and Exchange Commission reporting requirements and reinstatement of the Company's stock to trading on the OTC Bulletin Board. The Company issued 150,000 shares to the firm which at the time of issuance were trading at $2.025. As of December 31, 2001 and 2000, no services have been provided under this agreement, none of the aspects of the agreement have expired and the balance remaining on the agreement totaled $303,750.
In connection with the reorganization of the Company in October 1998 and the acquisition of Communitronics, Inc. and its subsidiaries, David R. Pressler, a director and President of the Company, received 4,715,500 shares of Common Stock of the Company, valued at $0.10 per share, for 100% of his shares of Communitronics, Inc.; and Sam Mastrull, a former director and Chief Financial Officer of the Company, received 116,500 shares of Common Stock of the Company, valued at $0.10 per share, for 100% of his shares of Communitronics, Inc. The terms of this transaction were at least as favorable to the Company as you would expect to negotiate with an unaffiliated third party in a similar transaction.
Mr. Pressler became Chairman of the Board, Chief Executive Officer, and President of the Company on October 26, 1998, following the Company's acquisition of all of the issued and outstanding stock of Communitronics, Inc. He founded and was the President of Communitronics, Inc. from 1975 until its acquisition by the Company. Mr. Pressler holds an FCC Master Radio Engineer Rating with radar endorsement. He is a certified engineer (EI-0216), and is a senior member of the National Association of Radio and Telecommunications Engineers.
The geographic areas served by the Company covers approximately 10,000,000 persons. In its markets, the Company presently serves approximately 2,049 subscribers to its message paging and information delivery services at December 31, 2001.
Communitronics of America, Inc. (the "Company") was incorporated under the laws of the State of Utah in September 1970 and is headquartered in Daphne, Alabama. Communitronics of America, Inc., or one of its predecessors, has operated paging, two-way mobile communications services, and telemessaging services in South Alabama for over 25 years. References to Communitronics or the Company as used throughout this document means Communitronics of America, Inc. or Communitronics of America, Inc. and its subsidiaries, as the context requires. Communitronics provides wireless messaging such as conventional paging and other telecommunications services in non-major metropolitan areas and communities. Currently the Company provides services in Alabama, Florida, Louisiana, and Mississippi. The Company has 6 sales offices in those states. Through inter-carrier arrangements, Communitronics also provides nationwide and expanded regional coverage. Communitronics overall business strategy is to continue growing in its existing markets as well as to enter similar, adjacent markets by opening new sales offices or acquiring other regional paging companies. The Company would consider acquisitions of paging companies that cover larger metropolitan areas provided that those companies also service markets that are strategically located near the Company's existing markets. Communitronics believes its current markets continue to offer significant growth potential for paging and other wireless services. During the next two years, the Company intends to focus most of its expansion efforts on opening new sales offices in targeted market areas already serviced by its existing paging system and broadening its range of products sold. By reducing overhead costs, expanding sales and marketing efforts, and focusing on customer service, the Company believes that it can improve its operating margins while achieving continued pager unit and revenue growth. Additionally, if the opportunity to acquire other regional paging companies arises, the Company believes it can achieve better operating results than those achieved by the businesses separately by consolidating administrative functions, taking advantage of economies of scale, and sharing common frequencies to offer existing customers a wider area of paging coverage. |
