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Tucows Inc. Message Board

dee_ocotillo_man 4 posts  |  Last Activity: Sep 12, 2014 9:57 AM Member since: May 20, 2000
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  • dee_ocotillo_man by dee_ocotillo_man Sep 12, 2014 9:57 AM Flag

    Nothing new to report on the reverse stock split "going private" transaction other than “A preliminary Information Statement has been filed with the SEC and currently remains under review. The transactions are expected to be consummated in the fourth quarter of calendar year 2014, and the Company will thereafter promptly terminate its registration and reporting obligations under the Securities Exchange Act of 1934...”

    surprised it has taken a company this small so long to complete the transaction.

    They still have $11m working capital, voting segemnt was basically all the quarterly revenue and income. Voting segment quarterly revenue $2.6m, operating income from voting segment $0.834m, about a 30% margin, not bad. Backlog of $0.64m (mostly voting segment). Makes sense that gaming has nothing going right now, why do it now when you can do it later after the delisting.

  • Reply to

    Funding

    by joyfull888 Aug 27, 2014 10:00 PM
    dee_ocotillo_man dee_ocotillo_man Aug 28, 2014 8:39 PM Flag

    If this is contingent on investors visiting that social lending website then I don't know what to think of this. I hope this funding agreement isn't just "wishful thinking". I noticed that KCPC currently doesn't file with the SEC either. But they wrote in their press release dated 1-22-2014

    ....in accordance with the continued corporate development and progress, the Company's accounts will be audited during the current quarter, following which, on completion, the Company intends to become fully reporting by the end of the second Quarter. This initiative is a critical milestone for the Company as it will provide for the Company's business and reporting to be fully transparent to the market and its stakeholders. Further, it will also provide for a much wider coverage of the Company and its business by the investment and broker/dealer participants.

    As far as I can tell, Key Capital hasn't made mention of this issue in any of the press releases that have followed nor have given any updates on the auditing process. I hope this funding agreement isn't more of the same. All that being said, I have been buying GGLR shares lately. It seems like a pretty intriguing risk-reward at less than 2 cents a share. (But I could be acting foolishly as I am a fish out of water when it comes to the energy sector).

  • dee_ocotillo_man dee_ocotillo_man Aug 14, 2014 10:04 AM Flag

    Is this report really something we should be disappointed with? .... "The increase in research and development salaries is primarily due to additional engineering headcount in support of the Company’s product development efforts....."The increase in sales and marketing salaries is primarily due to additional sales headcount in support of the Company’s growing network solutions business...."The Company continues to experience strong order activity in its network solutions segment due to commercial infrastructure development in support of the expansion and upgrades to DAS"......"Sales for our test and measurement segment were relatively unchanged for the comparable periods presented primarily due to soft order flow from prime defense contractors due to reduced defense budgets and a delay in the full production release of one of its new peak power products, which is expected to occur during the second half of 2014. This product was released on a limited basis in the second quarter of 2014"....."Non-GAAP EBITDA for the quarter ended June 30, 2014 was $1,443,000 compared to $1,016,000 for the quarter ended June 30, 2013, an increase of 42%"......"On August 1, 2013, the Company was awarded a contract with the Federal Aviation Administration to supply RF Peak Power Meters in support of the Common Route Surveillance Radar installations. The total order value of the product to be sold under the contract is approximately $1,100,000 and a considerable portion of the order, approximately $600,000, expected to be realized over the remainder of fiscal year 2014 and early fiscal year 2015. Additionally, on March 3, 2014, the Company received a significant order from one of its customers to supply its Low PIM Attenuators. The total order value of the product to be sold under the purchase order is approximately $1,800,000 with a majority of the revenue, approximately $1,300,000, expected to be realized during the latter part of 2014"......

  • dee_ocotillo_man by dee_ocotillo_man Jul 11, 2014 9:42 AM Flag

    Looks like they don't expect the "going private" deal to close until the 4th quarter....

    "A preliminary Information Statement has been filed with the SEC and currently remains under review. The transactions are expected to be consummated in the fourth quarter of calendar year 2014, and we will thereafter promptly terminate our registration and reporting obligations.....'

    "Contract backlog at April 30, 2014 was approximately $2.8 million. The contract backlog was related to voting contracts with unrelated customers".

    Nice to see the voting machine business has some work, I guess the gaming business is a little slow right now, probably will pick up after the deal is done.

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