Att: Ausound STHK.OB Startech +18%
-=DirtBag©
Friendly toxic waste zapper up sharply today.
+18% on news.
ausound
$742e...@news.sonic.net:
> This news of =financing= seems to be driving this FANTASTIC Earth
> Friendly toxic waste zapper up sharply today.
>
> +18% on news.
>
>
don't start popping any corks of champaigne dude
+18% is only $4,722.88, worth of business
and it does this double digit percentage both upwards and downwards
view it's chart and I think you'll agree that the entry point is any
price below $0.25
this company has pending sales, which are stalled
because I can only hope to get out of this underwater position, I tend to
see the glass half full rather than half empty
I will cut & paste pending sale information below from their 10k
I think this stock will Jump after the first of the year 2010.
from the 10k:
Sales Agreements
On May 10, 2007, we entered into a purchase agreement with Enviro-Safe
Industrial Services Corporation (�Enviro-Safe�) whereby we sold to
Enviro-Safe two 10 ton-per-day (rated capacity), or TPD, and one 5 TPD
(rated capacity) Plasma Converter Systems to process various solid,
liquid and gaseous feeds, including hazardous waste for a total purchase
price of $19,275,000. On May 23, 2007, we received a down payment in the
amount of $1,927,500, or 10% of the purchase price. The remainder of the
purchase price was scheduled to be paid in installments, the last of
which is scheduled to be paid upon the issuance of a certificate of
completion following installation of the Plasma Converter Systems. We
received aggregate payments under this sales agreement of $9,155,500
through July 31, 2009. As of July 31, 2009, payments aggregating
$3,373,250 were past due.
Enviro-Safe claims that it has various grievances against us. In recent
communications to us, Enviro-Safe alleged that we have failed to comply
with our obligations under the agreement and that Enviro-Safe has
suffered damages as a result of its arrangements with us. The letter
also questioned our ability to perform under the agreement and stated
that if we fail to grant Enviro-Safe a security interest in certain of
our assets and disclose to Enviro-Safe certain information relating to
our performance under the agreement and our use of proceeds received
under the agreement, Enviro-Safe will take available action to protect
its interests. In response, we have communicated to Enviro-Safe that it
is our position that we are not in breach of the agreement but that
Enviro-Safe has breached the agreement by withholding payments due to us.
We also stated that we reserve all of our rights under the agreement but
that we are prepared to continue discussions with Enviro-Safe to resolve
our disagreements. There can be no assurance that we will be successful
in resolving our disputes, or that we can recover past due amounts or
that any other amounts payable under the agreement with Enviro-Safe will
be paid, or that the Company will deliver the Plasma Converter Systems
covered by this agreement.
On August 10, 2007, through our exclusive distributor for the United
Kingdom, Waste 2 GreenEnergy, Ltd., or W2GE, we entered into a purchase
agreement with a customer for the purchase of a Plasma Converter System
for an aggregate sales price of $5,400,000. On March 5, 2008, we entered
into a revised purchase agreement in which W2GE replaced the customer in
the transaction, as well as to agree upon a revised payment schedule to
extend a $540,000 payment originally due on May 15, 2008. However, to
date, we have not received this $540,000 payment nor have we agreed upon
a revised payment schedule with respect to the $540,000 payment. Through
July 31, 2009, we received a total of $1,350,000 in payments relating to
this purchase agreement. The balance of the purchase price is scheduled
to be paid in installments; however, there can be no assurance that these
payments or other payments contemplated by this agreement will be
received. In addition, we have been in discussions with W2GE with
respect to revising the agreement to change the delivery schedule and
other terms. However, the terms of a revised agreement have not been
finalized and no assurance can be given that they ever will be finalized
or that we will deliver the Plasma Converter Systems covered by this
agreement.
For both agreements referred to above, the down payment and installment
payments received and accrued have been included as part of customer
deposits and deferred revenue in the consolidated balance sheet. Final
installments are required to be made upon the issuance of a certificate
of completion if and when the installation of the PCSs has been
completed. All amounts, other than the down payment, not paid by the
customer within 30 days after such amounts become due and payable to us,
shall bear interest as stated, not to exceed the maximum rate of interest
allowed by applicable law.
Distributorship Agreement
On January 23, 2009, we entered into an agreement with Ekobase to serve
as our exclusive distributor for the Republic of Slovenia, the Republic
of Croatia, the Federation of Bosnia-Herzegovina, the Republic of Serbia,
the Republic of Macedonia, the Republic of Montenegro and the Republic of
Austria. In connection with this agreement, we received a payment of
$250,000 for the distributorship rights. The distributorship agreement
requires Ekobase to purchase a number of Plasma Converter Systems during
the following years as a minimum requirement to maintain possession of
the distributorship rights. There can be no assurance that Ekobase will
purchase any Plasma Converter Systems, or that we will deliver any Plasma
Converter Systems contemplated by this agreement. In accordance with our
revenue recognition policies, we are amortizing revenue from the
distribution rights over the one year estimated economic life of the
agreement
ausound
news:Xns9CCC63066128F...@216.168.3.70:
> -=DirtBag� <Di...@ymail.net> wrote in news:4b0aa566$0$2012
> $742e...@news.sonic.net:
>
>> This news of =financing= seems to be driving this FANTASTIC Earth
>> Friendly toxic waste zapper up sharply today.
>>
>> +18% on news.
>>
>>
>
> don't start popping any corks of champaigne dude
> +18% is only $4,722.88, worth of business
> and it does this double digit percentage both upwards and downwards
ladies and gentlemen.....the downwards:
STHK.OB 12:15pm ET 0.24 -(0.03) -(11.11%)
here's the thing though...the ask remains at 0.30
Last Trade: 0.24
Bid: 0.21
Ask: 0.30
-=DirtBag©
You called it.. Thinly traded with the ask/bid spread 20-30% makes is
pretty squirrelly and a open limit order at $0.18-.20 might take awhile
to reel in any sizable position.
ausound
$742e...@news.sonic.net:
> You called it.. Thinly traded with the ask/bid spread 20-30% makes is
> pretty squirrelly and a open limit order at $0.18-.20 might take awhile
> to reel in any sizable position.
you place the ludicrously low buy bid and wait
it either fills or it don't
this ain't no daytrading stock
and just because <switch on hyperbole> their technology is the curative
solution for what ails mankind </hyperbole> doesn't mean diquehead
wallstreeters will buy into it
Blash
> you place the ludicrously low buy bid and wait
>
> it either fills or it don't
>
> this ain't no daytrading stock
If the certificates are soft & pliable, they may have some value........