Im not clear but with the common expecting to payout cash in Jan and the preferred already paid off, I would think this has a reasonable likelihood of being paid early. Unless there is no financial benefit for doing so.
That's my highest price by far.
I bought in 1/28/13 and missed the first reinvestment. Just got cash for that one.
What makes you think the offer is for over a buck ?
40 cents & keeping them from bankruptcy would be a win for a 22.5 cent stock with heavy losses & sales decreases.
WRT would seem to have little or no upside.
While the common could be worth $21 over time.
So, that's 18% upside.
Analyst Wilkes Graham's estimate of liquidation value is $21.03 per share, well north of the company's recent estimate of $18.35 (which itself has been raised significantly).
The most critical asset to Graham's NAV calculation is 20 Times Square, Winthrop's (FUR +0.4%) $1B hotel/retail development. The longer Winthrop delays sale of its interests in assets, the greater the potential returns, says Graham, who also notes management - led by Michael Ashner who knows a few things about liquidations - could sell the company at any point, thus accelerating returns (the company's goal is to sell everything by August 2016).
12 Straight years of losses & 12 straight years of BS press releases is not enough for you ?
You have to give any company at least 25 years to show significant revenue, right ?
37 cents today.
35.2 cents bid,36.4 cents offered. Tightest spread Ive noticed in some time.
I bought at $44.40, dividend reinvested, then bought 125% more at $40.51.
But, when considering if I should sell some, I declined because its still got a good yield and my position is small relative to my assets. (3.2% of my IRA, none in my regular account)
So while trading the stock might be something I will consider in the future, right now its just not a big enough position to do it with.
Where are all the pumpers now ?
Price is below the most recent private placement shares of 40 cents. Of course 40 cents is really 35.6 cents net to the company after sales commissions.
How many other companies pay commissioned sales people 11% to sell below market private placement shares ?
Wait, I know, Sue the messenger. They're already trying that. It just makes me LOUDER.
I guess its no wonder we are down some.
Of course, black Friday weekend by itself cant speak for the entire month/quarter.
The core technology, which comprises database management, communications systems integration, user interface design and integration, web design, and e-commerce solution capabilities, has practical applications that create business opportunities in multiple industries. For example, the same advanced compression technology that enables MedCast transmissions also enables us to offer hospitals an inexpensive storage solution to meet federal mandates for maintaining archival copies of diagnostic images. In addition to handling diagnostic imagery recorded through MedCast, our data storage service is designed to provide secure, off-site back up of a myriad of other medical records.
The Company intends to offer these applications and service capabilities to other companies on a contract basis. In addition to sports medicine and broader medical applications, there are numerous other potential vertical markets for the core technology. Some examples include:
1. Department of Defense
2. Human Resources
3. Employers with High Physical Wellness Requirements (examples)
a. Law Enforcement
b. Emergency Personnel
c. Public Transportation Services
4. Health/Life Insurance Underwriting
ULTRASOUND AND MED WIRELESS RELATED ASSETS
Included in the license from Med Wireless, Inc. were relationships developed by Med Wireless for the distribution of ultrasound machines used primarily by obstetricians. The Company developed a sale and leaseback program and made a public announcement by press release on January 7, 2003, that it received over $7 million in orders that were contingent on obtaining financing for the equipment. The sale and leaseback program was designed to provide inventory financing for the Company. Under this plan, the Company would sell ultrasound machines to third parties who would then in turn lease back the equipment to the Company. The Company then would rent the machines to medical providers at a premium to its cost. The $7 million in orders were comprised of 33 separate orders by third parties for machines at a cost of $224,178 per machine. However, as disclosed in the press release, financing was necessary to complete the sales. The Company also indicated that with financing in place it expected to be able to generate more than $20 million in sales during the first quarter of 2003. This expectation was based on the speed in which we obtained the orders and management's discussions with finance brokers regarding the Company's ability to obtain financing for these orders. Since that announcement the Company spent considerable effort to obtain financing for these orders, including the retention of multiple finance brokers. However, despite these best efforts, the Company has yet to obtain financing for this equipment. The principal reason these orders have not been financed successfully is the Company's lack of credit worthiness. However, the business opportunity related to the ultrasound lease program remains viable and management intends to continue to review financing options and business opportunities related to the ultrasound business when the Company has sufficient credit resources to qualify as a borrower as well as evaluate its practical execution in light of all other business developments in the Company at the time it is financially feasible.
The Company also intends to acquire companies to take advantage of economies of scale and vertical market opportunities as well as pursue similar business opportunities like NuWay Sports.
How did Calvert do last time ????
Let me help you...ZERO REVENUES, MILLIONS & MILLIONS OF LOSSES !
The Company's products and services consist at the present time of its Player Record Library System, its event management services, and its Ultrasound rental program. Each of these is described below.
PLAYER RECORD LIBRARY SYSTEM ("PRLS")
The proprietary Player Record Library System, ("PRLS") PRLS is an electronic medical record and work flow process software application designed to address the highly specialized information technology needs of the sports industry relating to player health. PRLS gathers images electronically, organizes them, hosts them, and distributes them to authorized end users. It is designed to deliver vital player medical information at the point of need. It helps teams comply with the requirements of the Health Insurance Portability and Accountability Act ("HIPAA"). The name Player Record Library System is the creation of Rasheed and Associates and was marketed under that name for approximately 18 months prior to the formation of NuWay Sports, LLC. This name and its use was contributed to NuWay Sports by Rasheed and Associates at the inception of NuWay Sports LLC.
NuWay Medical boosts 3-D US rental program
January 21, 2003 --
NuWay Medical, a medical device distribution firm based in Laguna Hills, CA, has signed an agreement with Mission Viejo, CA-based KMB Medical Marketing to recruit, train, and supervise sales agents for its 3-D ultrasound rental agreements. The rental program, which features third-party ultrasound devices, is targeted at medical practices and imaging centers that want onsite access to 3-D technology without the high cost of purchasing a system outright, according to the firm.
NuWay Sports Forms Strategic Alliance With Think Tank Systems, an IBM(R) Premier Business Partner
Alliance Allows NuWay to Offer IBM(R) Products
LAGUNA HILLS, Calif., Feb. 6 /
NuWay Medical, Inc. (Nasdaq: NMED), announced that Think Tank Systems, LLC has
agreed to be a technology partner with NuWay Sports, LLC, a joint venture
between NuWay Medical and Rasheed and Associates. With Think Tank, NuWay can
now offer a sports team a complete range of IBM(R) products to manage its
medical records and its trainer to manage his workflow process.
Dennis Calvert, President of NuWay Medical stated, "Our proprietary
software package for the user interface and Think Tank's technical expertise
and access to all IBM products enables a team to track, monitor and process
all the medical records in a digital format. It also enables the team's
trainer to manage his workflow processing."
Chester J. Claudon, President of Think Tank, LLC noted, "We will work with
NuWay to bundle computer hardware and related components for resale to
professional sports franchises as part of NuWay's player record library
NuWay Sports is a joint venture between NuWay Medical and Rasheed and
Associates, a firm managed by former NFL players. It was formed to customize
a medical record library system for the entire sports market. The application
will provide a platform that will automate sports organizations' medical
workflow processes, making them more efficient, and decreasing their
Whenever a CEO leaves you have his severance charges and when they are talking about stores that don't meet expectations that usually involves a write down.
And when they hire a new CEO, he will want to clear the decks with a writedown.
"we are optimizing our inventory investment and continue to evaluate the profitability of our store portfolio and close those stores that do not justify their expense burden as their leases expire or other real estate opportunities arise.”
Not good. Expect a large charge.
But that's already priced into the stock.
Hopefully sales are not way down.
PBY is just too cheap. They are going to sell it or fix it and sell it for more. Either way, shareholders win.
9 posts | Last Activity: 18 hours ago
Member since: Nov 17, 2014
Looks like nearly 1.6 million covered in the last 2 weeks. 12.7 million to go.
Not sure we can use this to predict future prices but its fun to look at.
Avg Daily Share Volume
Days To Cover
11/14/2014 12,677,832 547,863 23.140515
10/31/2014 14,265,767 806,900 17.679721
10/15/2014 14,576,731 515,243 28.290983
9/30/2014 14,022,746 546,178 25.674315