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Microcap & Penny Stocks : SMY - SAMSys Technologies Inc -- Ignore unavailable to you. Want to Upgrade?


To: Clouseau who wrote (290)7/7/2004 11:11:44 AM
From: Gutterball  Read Replies (1) | Respond to of 342
 
This trading Halt really sucks!

I figured it would be off today, but it appears to still be in effect this morning. The halt says "pending company contact".

The RS wants to ask SAMSys it knows why there is unusually high activity in their stock. They want to make certain the stock is not trading on insider information.

SAMSys has been halted before, but they haven't taken this long to respond with having no knowledge of events that would justify increased trading activity. Makes me think something is in the works. They are probably not the lead institution and therefore can not say anything until its partner comes clean first.

I've looked around. Unova (NYSE:UNA) just announced a contract with Metro Group in Germany. They mention forklift readers.

see... biz.yahoo.com
also see #reply-19040160

As I recall, SAMSys signed an agreement with Unova/Intermec in Jun 2003. see... investorfile.com

SAMSys also has an agreement with LXE #reply-19478905 to develop a forklift solution.

It is my guess that SAMSys was moving on the Intermec contract with the Metro Group that was announced today (7/07). Metro Group is the European Wal-Mart. If SAMSys readers are being used at Metro Group, this is a significant win, as these people are implementing the best available technology, and others will follow.