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Gold/Mining/Energy : Angoss Software Corp. V.ANC -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (418)4/8/1999 10:08:00 PM
From: Sal Pugliese  Respond to of 1006
 
This stock is severely undervalued...Last quarter they posted 4 cents/shares net earnings...but overall net earnings for year was not that good...The stock is currently trading at .15...
That doesn't make any sense...
If Angoss gets 4 quarters like the last or better..watch out..this one should be now trading in the 80's...

Good investing...Sal



To: keith massey who wrote (418)4/8/1999 10:15:00 PM
From: AriKirA  Read Replies (1) | Respond to of 1006
 
Keith,

Can you teach me how to post like?

Is there a course or is it just plain experience? [gggggg]

Kind Regards
AK



To: keith massey who wrote (418)4/11/1999 3:07:00 PM
From: AriKirA  Respond to of 1006
 
The following is an attempt <gggg> at complementing Keith's post on insider holdings.

The company currently has outstanding 33,882,713 fully paid and non-assessable common shares. 89.30% of these shares (30,257,903) are held by CDS & Co, a market intermediary. Thus, I am assuming here that the common shares registered under the latter's name are beneficially owned by other persons. Therefore, it is more than probable that the directors have registered their shares under CDS & Co.

As Keith mentioned in his post, some indebtedness due to certain individuals was converted into term convertible indebtedness payable on February 28, 2001. The following are the individuals that accepted to convert said debt (which definitely is a sign of confidence)

Directors: $80,000
Officer: $40,000
WRTAD: $162,500
Third party service provider: $40,000

As to the options outstanding, of the total of 1,980,000 options currently outstanding, 1,019,993 options have vested as of March 2, 1999. A further 493,338 options having exercise prices ranging from 0.13 to 1.00 will vest before November 30, 1999. They are held as follows:

Executive officers : 435,000
Other officers: 125,000
Directors: 695,000
Employees: 850,000

It is nice to see that the employees are the ones with the biggest holding. It is a great motivation factor.

Three quarters of the shares purchased and of the options granted were done in 1998. Moreover, in the last year not a single share has been sold as mentioned earlier. Now, does that mean anything? I guess we will find out in the coming months.

Kind Regards
AK