AT&T is the second-largest carrier with nearly 117 million subscribers. Vodaphone has over 320 million SIMMS. Don't know if that's an apples-to-apples comparison but I would assume they are larger. A great % of their diverse network is also in need of some upgrades so business is there to be had at Vodaphone and I like ETAK's chances considering the extensive IT collaboration that's been undertaken between the 2 companies over the last 3 years. LOWI is Vodaphone's new MVNO platform to compete against the low cost MVNO's and MNO's stealing their business. Read an article recently about Verizon doing the same thing. This will start in Spain but IMHO will not end there. Way too much chatter about moving forward with Iusacell/AT&T to not think it's true (obviously not definitive until we see additional SIMMS or word from ETAK). Still waiting for proof of concept with HP (new contract). Very interesting GOOG starting up their own MVNO this morning, nice feather in the cap of whatever MVNE is chosen for that business. Looks like we've had a 4-6 month delay (SEP-FEB15) in our business plan that sure seems MOSTLY external to me (SVV and team are definitely not perfect). Good luck to all longs
Time and Sales tells a different story of the last 10 minutes of trading that is occurring on a daily basis. Common sense tells you that someone actually Long the stock wouldn't want to manipulate the price lower before he's done selling
I could debate the Looney Tune crew and their new recruits about the potential expansion of Vodaphone (ETAK 2.0 not available until FEB 2014, New 4g-LTE version just now available and the database work we are undertaking for Vodaphone) and the viability of our Global re-sale agreement with HP (proofs in the pudding but these contracts do take time and we are only 4 months and 19 days into that agreement) but I don't like banging my head against a brick wall. Those guys are Limousine Liberals and I'm a Conservative Republican (they never agree so why bother). While looking at a $.70 stock price makes me sick to my stomach I am seeing market dynamics that make me question the viability of said stock price on a daily basis. We're still a non-profitable (not for long) micro-cap company with very little current Institutional support that is rather susceptible to rapid price movements (actual or legally questionable). Please be on the lookout for the Technical guys next week and the inevitable conclusion of broken support and remember the BS closing price manipulation of the last 2 days of over $.10 loss in value ($15MM market Cap) on some $31,000 worth of stock traded ( 43k tonight and 1k yesterday). I'm not selling and will be buying next week if they keep up this manipulation. My opinion and I'm sticking to it
1) a Code 54 transaction otherwise known as a market center closing trade was printed at 16:03:18 for 43k shares at $.7018
2) The actual last trade occurred at either $.75 or $.76, take your pick as my system showed $.76
3) The intraday low for the stock was $.75 and the average traded price for the day or VWAP was $.77
4) the 43k print afterhours was not an after hours trade and therefore should be some kind of Institutional Inventory/ Specialist transaction that was executed during the day (remember the low and average price for the day and make your own conclusion as to the legitimacy of the price)
5) Interesting price considering a 54k bid was being executed against at $.75 in the last 10 minutes
5) A rather aggressive ALGO(for ETAK's size and average volume) was programmed from the open to liquidate over 100k shares and of course the ALGO was programmed to multiply the pressure over the last 10 minutes. I know this because I have previous life experience trading said ALGO's for some rather large Pension Funds. In all fairness the ALGO could have been used by a Long Tute liquidating and not a Short Hedge Fund (only for the all day activity as no Long Institution on the planet will program a Long Sale in the manner that occurs regularly at the end of the day in ETAK trading)
ETAK has give an opening to our enemies (Shorts) with the un-certainty surrounding our CURRENT largest customer Iusacell and our CEO's mis-guided guidance of the migration schedule. Institutions that were potentially waiting on the sidelines for NYSE compliance (why buy in front of potential dilution) are still waiting on the sidelines for confirmation of Iusacell remaining as a customer (why buy if you're about to lose your biggest customer). Additional migration news should alleviate this pressure as I've come to my own conclusion that it is not likely we will lose Iusacell as a customer.
1 trade via EDGX (go figure) at 16:05:19 for 1,042 shares moved the closing price down $.045
Along with the re-occurring last minute rush to the exits (used for no legitimate purpose other than to manipulate the closing price) these bogus after hours prints are pure price manipulation and they used to be illegal. Had to leave work early and the closing price as of 4:05 was $.829. Only 2 entities tend to have the desire to exhibit this type of price manipulation..... Shorts looking to cover and Longs looking to buy at a cheaper price. Individual investors do not have the tools to initiate this type of behavior. JMHO
Iusacell probably has over 2MM SIMMS on our platform as we speak. FICO, UTIBA and Airtouch are all part of the wonderful Pat Carroll induced albatross known as Validsoft. Please respond as to your knowledge of ETAK's database work they are doing for Vodaphone. I would also like to add this little back and forth from the CC Q&A:
Steven van der Velden - CEO
As I stated before, we took the position as of today based upon the request from our customers to not disclose too many individual numbers and situations per contract. And as you can imagine that with the sensitive situation of AT&T acquiring that business now, we think we certainly should adhere to the requests from Iusacell management to not go into too many details at this moment.
John Nobile - Taglich Partners
Okay. But could you say that there was an increase in the subscriber base?
Steven van der Velden - CEO
Yes. There was an increase, absolutely.
John Nobile - Taglich Partners
Okay. And you said you’re still on course, so at least from what you said publicly at the last call we could take it to be that what you had said last call you’re kind of on course for doing that?
Steven van der Velden - CEO
Yes. We are still on course and we are still planning to migrate larger pockets of Iusacell customers. Of course some of the priorities may have changed, but we believe at the end of the day it’s still the target for Iusacell’s management to get all of their subscribers on to our platform, and we are diligently working to achieve that in the very near future.
Could one assume contract is intact if we get a SIMM announcement over the near term from the company??? According to you we will never be expanding our business with Vodaphone (even with the new database work we are doing with them... a precursor to new SIMM migration maybe??) HP is in on the fraud too by signing a frivolous global re-selling agreement and Zain will never be migrating anything on to our platform. So according to you if we do see any migration PR from the company in the near term it would have to be from Iusacell. Just using your words and logic to come up with this conclusion
Thx for that info, haven't looked back that far. So CDTI appears to be puppet to puppet master hedge fund looking to make money on the long pump and making money on the short dump. Still intrigued by the possibility of positive testing with this tech and will be waiting to hear word from the company over the next few quarters. Good luck to everyone hear except any shorts
Look at the crazy volume post patent announcement with a company that only has 13MM shares outstanding. Their should be some sizable Institutions/ Hedge funds aware of the potential of this company based on the volume over the last month and a half. Positive testing announcement should make this rather fun. Looking forward to exactly who was behind that volume when 4th Qtr Institutional holdings come out (FEB 15th).
It apparently means anyone who has positive things to say about a company's stock they own. As opposed to Dewey who claims to be here for education purposes only to warn investors of the pitfalls of buying stock in ETAK. Or how about Huwey and Louie who do nothing but whine and cry about being down from their so-called "investment" they supposedly made in ETAK over the last few years
Makes ZERO sense to me for a holder of a company to constantly bring up uncertainty and negative aspects of a company he/she owns shares in on a public message board. It's illogical to constantly post negative data points and pump up un-certainty of future prospects/deals if you actually own stock in said company. Agree to disagree and have a great weekend
why don't you double down and quit whining or even better... take your loss like a man and move on to your next (hopefully) profitable venture
looks like company will (per CEO's guidance) see improved EBITDA of $12MM and should see an approx. $20MM in interest expense reduction. What size revenue/div payments are they giving up with this sale???
Cherry picker extraordinaire mis-leading again I see. Pretty sure at least 3 if not 4 "7 sensors will fit on one sq ft of film. I would have thought you covered your short by now. Haven't you made enough money???
AT&T doesn't legally own the company yet but one could assume they have influence over communications to the public. I will also re-iterate SVV previous timeline statements, his inability to meet them and the subsequent negative hedge fund/investment company reaction to said missed timelines. I wouldn't be specific going forward if I didn't have to be either. Good luck with your investment
Please explain to me why non-profitable, micro-cap ETAK needs to play the WS timeline game?? We'll find out the score every 3 months with updates in between... good enough form me. Do you think SVV' phone hasn't been busy ringing off the hook from irritated "investors" who are ripping him about missed timelines. He never should have put those timelines out there in the first place!!! Small company under-taking a brand new back office migration for an MNO the size of Iusacell is bound to run into un-foreseen problems... some of them maybe their fault and some may be the customers (database issues). I recall a quote from an executive at ALU recently where he stated no 2 migrations of this sort are ever the same. He's still planning on giving us total SIMM #'s but he's not going to break them down by company. I guess we disagree on his plan of communication going forward. I personally don't have a problem with it