Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (11182)	3/21/2003 11:59:01 AM
From: tsigprofit	Read Replies (2) \| Respond to of 48461

I agree. I should have gotten in on WEL, but can't buy all of them. Still holding TRIB and XTRN. I still try to add some on dips too, and am ready to sell some on major spikes. Added to CCUR and GFI (gold) today on dips in both. Matt

To: Bucky Katt who wrote (11182)	3/21/2003 12:32:23 PM
From: paret	Read Replies (1) \| Respond to of 48461

"The key is to think outside the cage..." William, Here is one for you: A lady had an appointment with the bank president. She brought her daughter with her, Before they started the meeting the bank president said to her, "Why don't you leave your daughter with my secretary while we have our meeting." Which she did. After the meeting she picked up her daughter and left. After she left, the bank president's secretary said to some nearby workers, "That was my daughter." How is that possible?

To: Bucky Katt who wrote (11182)	3/21/2003 12:38:56 PM
From: Vegas	Respond to of 48461

OMG... check out the spin on rat SPAB, seems they have some extra cash due to the shuttle disaster. I dont know what to make of this, it seems like good new but in a sick sick way. ----------------- SPACEHAB Cash Position Increases to Over $19 Million Or $1.42 Per Diluted Share Thursday March 20, 3:30 pm ET Company's Position Enables Management to Pursue New Business Opportunities While Continuing to Deliver on Current $173 Million Contract Backlog HOUSTON, March 20 /PRNewswire-FirstCall/ -- SPACEHAB, Incorporated (Nasdaq: SPAB - News), a leading provider of commercial space services, today announced that its balance sheet is continuing to improve, allowing for flexibility to pursue new business opportunities and decrease long-term debt obligations. (Photo: newscom.com ) SPACEHAB Receives Cash Payments The most significant recent change in the Company's liquidity position was the increase in cash and cash equivalents from $1.81 million, or $0.13 per diluted share as of December 31, 2002, to $19.3 million, or $1.42 per diluted share as of February 28, 2003. This was primarily a result of a $17.7 million payment from SPACEHAB's insurance company to contribute toward the loss of the Company's Research Double Module, which was aboard the STS-107 mission that ended tragically on February 1, 2003. The Company also indicated that it is in negotiations with NASA to determine the amount of reimbursement payments from the Agency for the loss of this module. In the meantime, SPACEHAB maintains a full fleet of modules and carriers, currently under contract on three of the next five Space Shuttle missions, that meet NASA's space research and ISS resupply requirements. Subsequent to February 28, 2003, SPACEHAB subsidiary, Astrotech, was awarded a $750,000 grant from the State of Florida. The funds were received as reimbursement of expenditures related to the Company's recent upgrade of the transportation corridor connecting the Astrotech Florida facilities with the Kennedy Space Center/Cape Canaveral Air Force Station. The Florida Department of Transportation provided $600,000 of the funds through its Transportation Outreach Program with the balance given as matching funds by the Florida Spaceport Authority. SPACEHAB Pursues New Business Opportunities As indicated in a recent press release, SPACEHAB is pursuing a number of new business opportunities to build on the Company's $173 million contract backlog. These opportunities include continued work with NASA, subcontract services to other major aerospace companies, as well as new contracts outstanding on a number of projects with NASA and RSC Energia in Russia. "During the past few years, we have focused on delivering a steady revenue stream in excess of $100 million, improving our operating cash flow, and reducing expenses and debt in an effort to position SPACEHAB for a new era of growth," said Michael E. Kearney, President and Chief Operating Officer. "Despite the temporary grounding of the Space Shuttle fleet, SPACEHAB is able to begin this period of growth while responding to NASA's requirements for both the Space Shuttle and International Space Station programs, delivering on our business backlog, and determining the optimal use for the cash received from the insurance payment," concluded Mr. Kearney.