Mon, Oct 20, 2014, 6:44 AM EDT - U.S. Markets open in 2 hrs 46 mins

Recent

% | $
Quotes you view appear here for quick access.

PHAZAR CORP Message Board

  • bbrutus08 bbrutus08 Oct 2, 2011 9:02 PM Flag

    So what is Tracciare?

    And why has the company sunk almost $1 million of its cash into it? I noticed it in the 10-K just filed. Seems the first investment was more than a year ago, but they just got around to disclosing the name this year. A million of cash is certainly material for this company, so a press release would be nice explaining why they think its a good idea spending our money this way.

    Also, where's the insider buying?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • A member of a organization ?????????

      To avoid fraud, you should always check out both the seller and the investment. Never make an investment based solely on the recommendation of a member of an organization

    • Didn't they use Tracciare to do the work for their discontinued product line? If that product line is so bad that they had to write the inventory to zero, how come they still carry the amount that they lent Tracciare at full value??

      Also, if the product line wasn't working, why did they lend Tracciare more than $500,000. Does any one know if anyone with the last name of Asher owns Tracciare?

      Very fishy..... Expect a full write off on this one!!!!

    • Well answer part of your question it was in the prior years 10K

      FORM 10-K
      (Mark One)
      [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
      OF THE SECURITIES EXCHANGE ACT OF 1934
      For the Fiscal Year Ended May 31, 2010

      NOTE 6. NOTES RECEIVABLE
      On December 8, 2009, the Company entered into a $500,000 Principal 8% Per Year Senior Secured
      Convertible Note with Tracciare, Inc due in full on May 31, 2011. In addition, the Company received a warrant
      to purchase up to eighty percent of Tracciare’s equity for a total price of $500,000. At May 31, 2010 Tracciare,
      Inc. had drawn $432,146 of the $500,000 note, with $67,854 available for funding.

      Now that we know that it was there It was not addressed to a satisfactory extent then as it was in the past 10K

      I cannot answer your question as to why as I have the same question.

      alos how is that working for us and to What End.

      It definately dows not appear to be a risk free investment nor one that ANTP should be involved.

      They got locked into some Auction Rate Securities a few years ago and the was a liquidity freeze up that eventually worked out with UBS this is a horse of a different color.IMO.

      4wd

      • 1 Reply to straight4wd
      • There appears to be a connection in the 10k for business use of this companys product.

        sometime you have to read the 10K a few times to pick up on things. Or at least I do.

        !)K was ver informative on plant and Property I liked that information.

        On December 8, 2009, the Company entered into a $500,000 Principal 8% Per Year Senior Secured Convertible Note
        with Tracciare, Inc. due in full on May 31, 2011. In addition, the Company received a warrant to purchase up to
        eighty percent of Tracciare’s equity for a total price of $500,000. In March, 2011, the note was amended to extend the
        maturity date to June 30, 2013. At June 30, 2011 Tracciare, Inc. had drawn all of the $500,000 note, along with
        additional fundings in the amount of $463,684 all under separate notes with the same terms and agreements as the
        original note.
        Traccaire, Inc. is a development-stage company in the pilot-project phase. It focuses on automated meter intelligence
        for municipal utility customers.
        Financing Activities

        10K
        Distributed Antenna Systems). The DAS antennas for Cellular/SMR, AWS and PCS frequencies are installed on
        utility poles, street lights, rooftops and lamp posts in urban and remote areas to increase wireless carrier services.

        *******These product lines complement Antenna Products Corporation's existing product lines of cellular, PCS, paging, ISM
        and AMR (automatic meter reading),

        omni-directional and sector wireless antennas. Phazar Antenna Corp. sales for
        the twelve months ended June 30, 2011 amounted to 20% of total sales. We expect that for fiscal year ended June 30,


        4wd

 
ANTP
1.250.00(0.00%)Jul 31 1:39 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
SAP SE
NYSEFri, Oct 17, 2014 4:02 PM EDT