++Zockerschance++ 400% mit Turnaroundwert? - 500 Beiträge pro Seite
eröffnet am 18.11.05 15:06:00 von
neuester Beitrag 29.12.05 14:31:50 von
neuester Beitrag 29.12.05 14:31:50 von
Beiträge: 17
ID: 1.021.076
ID: 1.021.076
Aufrufe heute: 0
Gesamt: 1.429
Gesamt: 1.429
Aktive User: 0
ISIN: US68275A2015 · WKN: A0ETVX
Werte aus der Branche Finanzdienstleistungen
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,0000 | +99.900,00 | |
| 6,0000 | +16,73 | |
| 0,8750 | +16,67 | |
| 12,180 | +11,64 | |
| 109,19 | +10,80 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,2400 | -10,00 | |
| 36,51 | -10,95 | |
| 5,4300 | -10,98 | |
| 14,720 | -12,12 | |
| 1,2000 | -14,29 |
Feedback
Heute kam grosses Interview mit Onetravel Holdings raus.
Könnte spannender Titel sein!!
Wenn die Listingprobleme tatsächlich im Dezember gelöst werden, winken drastische Kursgewinne. EIn Zock ist es allemal wert!!!
17.11.2005:
Onetravel Holdings - Spektakulärer Turnaroundwert: Online-Reiseagentur vor kompletter Neubewertung
· Tradinggelegenheit mit reinrassigem Turnaroundpotenzial
· ISIN US68275A2015 / Akt. Kurs 2,47 Euro
· Kursziel 5,00 Euro bis Jahresende möglich
Die Aktie der Onetravel Holdings (WKN A0ETVX /ISIN US68275A2015) ist aus Sicht unseres Hauses auf dem gegenwärtigen Kursniveau eine hervorragende Tradinggelegenheit mit reinrassigem Turnaroundpotenzial. Die Online-Reiseagentur zählt zu den fünf größten Internet-basierten Reiseagenturen in den USA überhaupt und ist an der AMEX gelistet. SCHMIDER INVESTMENTS wird am Freitag ein großes Exklusivinterview mit dem OTV (Onetravel Holdings)- President Marc Bercoon veröffentlichen, in dem dieser einen sensationellen Ausblick auf die kommenden Quartale gestattet.
Die Gesellschaft befindet sich gerade im Prozess der Umstrukturierung und eröffnet deshalb ausgezeichnete Kurschancen, weil die kursbelastenden Turbulenzen der vergangenen Wochen nunmehr der Vergangenheit angehören dürften.
Der scharfe Kurseinbruch vom Oktober hatte vor allem zwei Gründe gehabt:
Zum einen gab es Irritationen über den Umbau und die geplanten Veränderungen: Diese sind nun bekannt und stellen sich als äußerst vernünftige und intelligente Maßnahmen heraus.
Zum anderen verunsicherten Verzögerungen bei der Abfassung des Geschäftsberichtes und die Ermahnung durch die Listingaufsicht. Wie die Firmenleitung im Interview nun mitteilt, ist auch dieses Problem, das durch Koordinationsschwierigkeiten bei den Akquisitionstätigkeiten entstanden war, vollständig gelöst und noch im Dezember soll das ausstehende Dokument fristgerecht eingereicht werden.
CHANCE: KURSEINBRUCH VÖLLIG UNGERECHTFERTIGT UND BISHER NUR IM ANSATZ KOMPENSIERT!!
Dies bedeutet im Klartext: Alle die für den panikartigen Kurseinbruch (von über 5 ? auf 1? ) verantwortlichen Aspekte werden dann voraussichtlich nicht mehr existieren und es besteht unmittelbares Nachholpotenzial für den Kurs, mindestens bis in den 5 ? Bereich. Die eigentlichen realistischen Kursziele sollten jedoch sogar noch weit höher liegen, weil die Gesellschaft einen stürmischen Wachstumspfad einschlägt, der schon im nächsten Jahr Früchte tragen sollte. Mit anderen Worten: Bis zum Jahresende könnte sich die Notierung wieder auf 5 € einpendeln, als logische Kompensation der vorangegangenen, letztlich der Hysterie geschuldeten Verluste. Dieses Niveau sollte dann aber nur die Plattform für die eigentliche Rallye darstellen: Eine Verdoppelung auf 10 ? , also beinahe eine Verfünffachung vom aktuellen Kursstand aus gesehen, bis zum Jahresende 2006 ist absolut im Bereich des Möglichen.
OTV möchte sich jetzt völlig auf sein Kerngeschäft, das Online Travel System, fokussieren und bereitet deshalb strategisch wichtige Desinvestments vor, was konzeptionell unbedingt Sinn macht. Der Verkauf der Tochtergesellschaft SunTrips, der bald abgeschlossen sein soll, ist hier zuerst zu nennen. Alle Geschäftseinheiten, die nicht eindeutig dem Schlüsselbereich zugehörig sind, werden konsequent ausgegliedert. Dies ist ökonomisch richtig und sorgt für eine klare Firmenstruktur ohne die Gefahr der Verzettelung und Verwässerung. Alle Firmen, die sich radikal auf ihre erfolgreichen Kernkompetenzen besonnen haben, konnten in den zurückliegenden Jahren große Vorteile gegenüber den Konkurrenten erstreiten, die insgesamt zu extrem diversifiziert sind. Marc Bercoon gibt gegenüber Schmider Investments an, dass der Schwerpunkt des Wachstums in den kommenden Monaten auf Hotelbuchungsservices gelegt werden soll. Für das Jahr 2008 geht er nach Schätzungen von über 1 Milliarde Buchungsvolumen jährlich aus. Mit einer aktuellen Liquidität von 9 Millionen US$ steht die Gesellschaft auch finanziell gut da. Die beiden Tochtergesellschaften www.cheapseats.com und onetravel.inc. sollen nach der Ausgliederung von SunTrips sukzessive in die Expansion geführt werden.
Wir sehen in Onetravel Holdings einen besonders heißen und spektakulären Turnaroundkandidaten, der für den risikobewussten Anleger eine erstklassige Investmentchance darstellt, und dies sowohl für den Zocker wie auch für den Langfristinvestor, eingedenk der Tatsache, dass es selbstverständlich niemals eine Kursgarantie geben kann und Umsatzeinbrüche, beispielsweise konjunkturell bedingt, starke negative Einflüsse auf den Aktienkurs haben können und nicht auszuschließen sind. Natürlich sollte man aufmerksam verfolgen, ob die Listingprobleme bis zum Ende des Jahres tatsächlich ausgeräumt sein werden, doch spricht momentan alles dafür. Sollte wider Erwarten ein Delisting notwendig werden, empfehlen wir sofortigen Ausstieg. Wir empfehlen, das Interview, das am Freitag veröffentlicht wird, genau zur Kenntnis zu nehmen, weil dort viele positive Details zur Gesellschaftsstrategie und zur Firmenstruktur bekannt gegeben werden. Kluge Spekulanten steigen aber schon jetzt bei Kursen um 2,50 ? in das Papier ein und setzen den StopLoss auf 1,70 ?.Zweifellos sollte der Anleger sich mit den smallcapüblichen Gegebenheiten und den Unwägbarkeiten dieser speziellen konjunktursensitiven Branche auseinandersetzen. Smallcaps dienen eben nur der Beimischung in einem ansonsten gut diversifizierten Depot. Die Volatilität dieses Wertes ist sehr hoch.
"
Quelle Schmider Investments
Könnte spannender Titel sein!!
Wenn die Listingprobleme tatsächlich im Dezember gelöst werden, winken drastische Kursgewinne. EIn Zock ist es allemal wert!!!
17.11.2005:
Onetravel Holdings - Spektakulärer Turnaroundwert: Online-Reiseagentur vor kompletter Neubewertung
· Tradinggelegenheit mit reinrassigem Turnaroundpotenzial
· ISIN US68275A2015 / Akt. Kurs 2,47 Euro
· Kursziel 5,00 Euro bis Jahresende möglich
Die Aktie der Onetravel Holdings (WKN A0ETVX /ISIN US68275A2015) ist aus Sicht unseres Hauses auf dem gegenwärtigen Kursniveau eine hervorragende Tradinggelegenheit mit reinrassigem Turnaroundpotenzial. Die Online-Reiseagentur zählt zu den fünf größten Internet-basierten Reiseagenturen in den USA überhaupt und ist an der AMEX gelistet. SCHMIDER INVESTMENTS wird am Freitag ein großes Exklusivinterview mit dem OTV (Onetravel Holdings)- President Marc Bercoon veröffentlichen, in dem dieser einen sensationellen Ausblick auf die kommenden Quartale gestattet.
Die Gesellschaft befindet sich gerade im Prozess der Umstrukturierung und eröffnet deshalb ausgezeichnete Kurschancen, weil die kursbelastenden Turbulenzen der vergangenen Wochen nunmehr der Vergangenheit angehören dürften.
Der scharfe Kurseinbruch vom Oktober hatte vor allem zwei Gründe gehabt:
Zum einen gab es Irritationen über den Umbau und die geplanten Veränderungen: Diese sind nun bekannt und stellen sich als äußerst vernünftige und intelligente Maßnahmen heraus.
Zum anderen verunsicherten Verzögerungen bei der Abfassung des Geschäftsberichtes und die Ermahnung durch die Listingaufsicht. Wie die Firmenleitung im Interview nun mitteilt, ist auch dieses Problem, das durch Koordinationsschwierigkeiten bei den Akquisitionstätigkeiten entstanden war, vollständig gelöst und noch im Dezember soll das ausstehende Dokument fristgerecht eingereicht werden.
CHANCE: KURSEINBRUCH VÖLLIG UNGERECHTFERTIGT UND BISHER NUR IM ANSATZ KOMPENSIERT!!
Dies bedeutet im Klartext: Alle die für den panikartigen Kurseinbruch (von über 5 ? auf 1? ) verantwortlichen Aspekte werden dann voraussichtlich nicht mehr existieren und es besteht unmittelbares Nachholpotenzial für den Kurs, mindestens bis in den 5 ? Bereich. Die eigentlichen realistischen Kursziele sollten jedoch sogar noch weit höher liegen, weil die Gesellschaft einen stürmischen Wachstumspfad einschlägt, der schon im nächsten Jahr Früchte tragen sollte. Mit anderen Worten: Bis zum Jahresende könnte sich die Notierung wieder auf 5 € einpendeln, als logische Kompensation der vorangegangenen, letztlich der Hysterie geschuldeten Verluste. Dieses Niveau sollte dann aber nur die Plattform für die eigentliche Rallye darstellen: Eine Verdoppelung auf 10 ? , also beinahe eine Verfünffachung vom aktuellen Kursstand aus gesehen, bis zum Jahresende 2006 ist absolut im Bereich des Möglichen.
OTV möchte sich jetzt völlig auf sein Kerngeschäft, das Online Travel System, fokussieren und bereitet deshalb strategisch wichtige Desinvestments vor, was konzeptionell unbedingt Sinn macht. Der Verkauf der Tochtergesellschaft SunTrips, der bald abgeschlossen sein soll, ist hier zuerst zu nennen. Alle Geschäftseinheiten, die nicht eindeutig dem Schlüsselbereich zugehörig sind, werden konsequent ausgegliedert. Dies ist ökonomisch richtig und sorgt für eine klare Firmenstruktur ohne die Gefahr der Verzettelung und Verwässerung. Alle Firmen, die sich radikal auf ihre erfolgreichen Kernkompetenzen besonnen haben, konnten in den zurückliegenden Jahren große Vorteile gegenüber den Konkurrenten erstreiten, die insgesamt zu extrem diversifiziert sind. Marc Bercoon gibt gegenüber Schmider Investments an, dass der Schwerpunkt des Wachstums in den kommenden Monaten auf Hotelbuchungsservices gelegt werden soll. Für das Jahr 2008 geht er nach Schätzungen von über 1 Milliarde Buchungsvolumen jährlich aus. Mit einer aktuellen Liquidität von 9 Millionen US$ steht die Gesellschaft auch finanziell gut da. Die beiden Tochtergesellschaften www.cheapseats.com und onetravel.inc. sollen nach der Ausgliederung von SunTrips sukzessive in die Expansion geführt werden.
Wir sehen in Onetravel Holdings einen besonders heißen und spektakulären Turnaroundkandidaten, der für den risikobewussten Anleger eine erstklassige Investmentchance darstellt, und dies sowohl für den Zocker wie auch für den Langfristinvestor, eingedenk der Tatsache, dass es selbstverständlich niemals eine Kursgarantie geben kann und Umsatzeinbrüche, beispielsweise konjunkturell bedingt, starke negative Einflüsse auf den Aktienkurs haben können und nicht auszuschließen sind. Natürlich sollte man aufmerksam verfolgen, ob die Listingprobleme bis zum Ende des Jahres tatsächlich ausgeräumt sein werden, doch spricht momentan alles dafür. Sollte wider Erwarten ein Delisting notwendig werden, empfehlen wir sofortigen Ausstieg. Wir empfehlen, das Interview, das am Freitag veröffentlicht wird, genau zur Kenntnis zu nehmen, weil dort viele positive Details zur Gesellschaftsstrategie und zur Firmenstruktur bekannt gegeben werden. Kluge Spekulanten steigen aber schon jetzt bei Kursen um 2,50 ? in das Papier ein und setzen den StopLoss auf 1,70 ?.Zweifellos sollte der Anleger sich mit den smallcapüblichen Gegebenheiten und den Unwägbarkeiten dieser speziellen konjunktursensitiven Branche auseinandersetzen. Smallcaps dienen eben nur der Beimischung in einem ansonsten gut diversifizierten Depot. Die Volatilität dieses Wertes ist sehr hoch.
"
Quelle Schmider Investments
Hier das Interview im englischen original:
Gesprächspartner Marc Bercoon, President Onetravel Holdings
Datum: 18.11.2005
"Provide a brief overview of some of the key people associated with OTV (including you) that have contributed to the companys success. What are the special qualifications, the stations of career and the references?
Key people are :
William Goldstein Chairman & CEO - 42 yrs old - successful entrpepreneur who has been involved in start up businesses including a physician staffing business he started in 1992 and sold in 2004. Staffing company did $5 million per year in travel to fly physicians to assignments. Started Farequest Holdings d/b/a 1800 cheapseats and www.1800cheapseats.com
grew company from $500k per month in bookings in June 2003 100% offline to $4.5 million 65% online 35% offline. Merged with RCG Companies Incorporated (AMEX:RCG) in February 2005. RCG was renamed OTV in June 2005. Proven leader with exceptional marketing and sales skills and reat vision as to the direction and opportunities in the market.
Marc Bercoon President of OTV - 45 years old. Has worked with Will Goldstein since January 2002 in all GOldstein ventures. Broad legal and finance background. Focuses on deal structure and financing transactions and investor relations. OTV finance function reports to Mr. Bercoon. Extensive experience working with high net worth entrepreneurs including Chicago based investor Sam Zell`s organization for over 8 years.
Henry Wang - CIO - 45 years old extremely strong technology background in travel industry. responsible for developing OTV`s outstnaidng technology systems.
Phil Ferri CFO - 50 years old. Strong financial professional with extensive travel industry experience
Steve Pello - Responsible for sales and strategic partnerships. Lead sales person in relationships with walmart.com, Sam`s Club Side Step and other affiliate programs
______________________________________________________________________
Characterize the history of OTV in a few words please.
OTV is a fast growing online full service travel company that is experiencing in excess of 70% organic growth. OTV is in the process of divesting itself of all non-travel assets plus its tour operation SunTrips to focus solely on its hyper-growth online offline full service travel agency business. The company is led by its chepaseats.com division which has grown in excess of 100% this calendar year. It acquired OneTravel in April 2005 which added not only sales but much needed technology and human capital. OTV has now positioned itself as the one of the 5 top online travel agencies behind the Expedia companies, Cendant comapnies (orbitz, cheaptickets), Travelocity and Priceline. The sixth largest firm is estimated to be less than 33%of OTV`s size.
Please describe the opportunities of your industry.
The online travel industry is growing rapidly estimated to be $60 million or more in 2007 and over $100 million in 2010. There has been a lot of consolidation in the industry and the market is so large, OTV can grow at a rapid rate for several years. We expect growth for the fiscal year ended June 30 2007 to be 70% or more growth over the year ending June 30 2006 which we expect to be in exces of $300 million in travel bookings.
We also expect to be EBITDA positive in year ending June 30 2006 and ebitda to be 4%-5% for year ending June 30 2007
Let us talk about your key strategy and your acquisition targets. What is the latest news?
Strategy is to gain access to more and more hotel inventory (although we take no risk on any of our inventory). We have many favorable air contracts but the real growth is in hotel which is higher margin than hotel. OTV started as an air focused company which we view as the starting point to most travel. As we mix in more and more hotel inventory, we will see sales and margins increase. We are seeing hotel business increase now and we expect tremndous growth throughout the remainder of the fiscal year. We would look to add high margin travel products such as a hotel consolidator or other company that offers sightseeing tours or other types of excursions which are high margin. With the stock proce at a low point, we do not foresee using stock for acquisitions unless the price justifies using what we view as severely underpriced stock.
What are the reasons for the crash in September? (5 US$ to 1,50 US$ within 2 weeks)
We attribute it to a few things, but please note this is speculation on our part. The crash was really in October. We were on a road show to complete the recent financing. We believe word spread we were doing a financing which naturally causes the stock to fall from people selling in fear of a discounted deal. ALso because the people we visited on the roadshow are not allowed to trade in the stock, we lost a lot of our buy support. As you will see the stock fell on relatively light sales volume. $3 million of stock cost us $30 million in market value. ALso, we are late in filing the 10K. This makes certain investors uneasy and the AMEX halted our trading without warning until we issues an earnings release prior to filing the 10K. In total we were halted for 5 hours approximately. The move by AMEX scared the market and in management`s opinion caused an over reaction. I believe our stock traded a record 460,000 shares that day or the next. The 10K is late for many reasons. Our year was very complex in terms of the number of financings we did and 2 acquisitions and 2 sales transactions. Also, we are told that the auditors BDO Seidman are under review by a Public Accounting Oversight Board which in the US causes extra scrutiny by the auditors.
Please explain us the background of the $12.5 Million Financing announced in October.
We decided we needed extra working capital for a variety reasons that resulted from the tremendous growth we have experienced. For example, our credit card processor has raised collateral requirements from $1.5 million to $2.5 million as our sales have increased. We need to spend $1 million approximately on technology to improve our booking process to increase sales, we need to have $3 million available to deal with the sale of the SUnTrips division which lost $10 million last year and needs to be shut down or sold. (We have announced that we have a buyer that should close by end of November.) We also needed the extra capital to strengthen our working capital position. We expected to close this deal closer to $6 per share on the convert price, but for the reasons above, the price kept falling to $2.55.
Please give us an overview about your collaboration partners.
I asume you mean our private label partners such as walmart.com and Sam`s CLub. These are private label partners who sell our products through their websites. The partner pays for all marketing and we pay a small revenue share to the partner. We see tremendous growth in our own brands but also through the private label distribution channels. We have a good reputation as being responsive to the private label partner`s demands so we expect this division to continue to grow.
What are the next steps OTV is planning to take near, mid and long- term?
Near term, we will focus on Hotel sales. HIgh margin and to the extent we are merchant of record which we are fo rsome of the hotels, we hod the cash from the date the hotel resrvation is booked until 14 days after the traveller leaves the hotel. This will provide a permanent source of working capital for OTV. Mid term, we are working at extending the $12.5 million notes that we can extend through March 15, 2005. Long term, we will continue to grow and broaden our offerings. We expect as we continue to grow and get more attention inthe market, we will be courted as an acquisition target.
What are the most important milestones the company plans to achieve?
$1 billion inbookings, which we expect to occur in fiscal year ending June 30 2008 at the latest. Also, keep focus on hotel sales. Higher margin and source of working capital.
Is there a danger of delisting from AMEX?
We do not believe delisting is realistic. AMEX has given us until Dec 12 2005 to file the 10K. As of today, that is the only AMEX requirement we have not satisified. We and the auditors do not believe filing weill in advanc eof that date is a problem. There are no disagreements with the auditors. It is a case of auditors needing to do a lot of work on the complex transactions that occurrred.
Are there actual capital increase/private placement plans for 200/2006?
We really do not want to raise money with the stock this low. We wil do all we can to refinance the $12.5 million notes due in March with working capital and negotiated extensions, however, I cannot make any guarantees I can achieve the extensions.
How much capital does OTV have available at the moment?
We have approximately $9 million cash. Other than the $12.5 million seller notes due in March 2005, we do not expect a need for additional capital, and as I said, we are trying to extend or pay off the notes without a capital raise.
How would you, from your perspective, justify / evaluate the current share price for OTV?
In management`s opinion, our stock is undervalued. The market is telling us to get rid of SUntrips so we no longer have to suffer the risks associated with that business. The main online offline business doesnto have the risk of SUnTrips as we are merely a reseller whereas SUntrips had the same risks an airline does (fuel costs, price wars from competitors, etc.) Also, the public comparables are more pure play travel resellers like Expedia and Priceline. Cendant also announced it is spinning off its travel properties to eb a comp to Expedia as well. These businesses are typically valued at 15-20 times next years EBITDA. Our current year is a transisiton year for us. 2007 will be our first pure online offline travel agency year as all of the other divisions will be gone. We project 2007 EBITDA to be 20 million or more. This gives us a value of $300 million minimum. This would translate to a stock price of inexcess of $15 or more. The larger players in the space are delivering good numbers. We expect to deliver strong numbers as well and our current price will allow a shareholder to make several times their money if and when the market values us in line with other players in the market. This is our opinion of course so you need to do your own evaluation.
Please give us the number of employees at the moment.
We have approximatley 130 employees at OTV excluding SunTrips which has another 150 or so. We plan to divest ourselves of SunTrips by the endo fo November. Many of OTV`s employees are call center sales and customer service agents.
Please give us some details about the share structure. (Main shareholders et ct)
We have 10.7 million shares outstanding today. Fully diluted we have approximately 23 million outstanding. If all convertible instruments were excercised, we would have approxiamtely $50 million in cash. Largest shareholders are THird Point ($3 billion fund) SPecial SItuations ($1 billion fund) Janus Funds. Palisades MAster FUnd would be our largest shareholder if it converts its $10 million in convertible debentures at $2.55 per share.
Finally, give us the most important arguments to invest in OTV. Why should a German private investor buy your shares?
We are in a high growth industry that has very well defined valuations. We are clearly undervalued by our estimates especially for 2007 and we feel the market has over reacted to the late filing of our 10K. We feel we are an unbelievable buy for someone who has the desire to hold the stock 7 months or more. We feel when our June 30 results come out, our value will be proven. We are into a stock to buy if you want to get inand out every other day with any sizable lot. We feel the more patient investor will double or triple their money in less than 12 months but you need to draw your own conclusions based on the market information out there on our industry and on OTV. "
QUelle Schmider Investments
Gesprächspartner Marc Bercoon, President Onetravel Holdings
Datum: 18.11.2005
"Provide a brief overview of some of the key people associated with OTV (including you) that have contributed to the companys success. What are the special qualifications, the stations of career and the references?
Key people are :
William Goldstein Chairman & CEO - 42 yrs old - successful entrpepreneur who has been involved in start up businesses including a physician staffing business he started in 1992 and sold in 2004. Staffing company did $5 million per year in travel to fly physicians to assignments. Started Farequest Holdings d/b/a 1800 cheapseats and www.1800cheapseats.com
grew company from $500k per month in bookings in June 2003 100% offline to $4.5 million 65% online 35% offline. Merged with RCG Companies Incorporated (AMEX:RCG) in February 2005. RCG was renamed OTV in June 2005. Proven leader with exceptional marketing and sales skills and reat vision as to the direction and opportunities in the market.
Marc Bercoon President of OTV - 45 years old. Has worked with Will Goldstein since January 2002 in all GOldstein ventures. Broad legal and finance background. Focuses on deal structure and financing transactions and investor relations. OTV finance function reports to Mr. Bercoon. Extensive experience working with high net worth entrepreneurs including Chicago based investor Sam Zell`s organization for over 8 years.
Henry Wang - CIO - 45 years old extremely strong technology background in travel industry. responsible for developing OTV`s outstnaidng technology systems.
Phil Ferri CFO - 50 years old. Strong financial professional with extensive travel industry experience
Steve Pello - Responsible for sales and strategic partnerships. Lead sales person in relationships with walmart.com, Sam`s Club Side Step and other affiliate programs
______________________________________________________________________
Characterize the history of OTV in a few words please.
OTV is a fast growing online full service travel company that is experiencing in excess of 70% organic growth. OTV is in the process of divesting itself of all non-travel assets plus its tour operation SunTrips to focus solely on its hyper-growth online offline full service travel agency business. The company is led by its chepaseats.com division which has grown in excess of 100% this calendar year. It acquired OneTravel in April 2005 which added not only sales but much needed technology and human capital. OTV has now positioned itself as the one of the 5 top online travel agencies behind the Expedia companies, Cendant comapnies (orbitz, cheaptickets), Travelocity and Priceline. The sixth largest firm is estimated to be less than 33%of OTV`s size.
Please describe the opportunities of your industry.
The online travel industry is growing rapidly estimated to be $60 million or more in 2007 and over $100 million in 2010. There has been a lot of consolidation in the industry and the market is so large, OTV can grow at a rapid rate for several years. We expect growth for the fiscal year ended June 30 2007 to be 70% or more growth over the year ending June 30 2006 which we expect to be in exces of $300 million in travel bookings.
We also expect to be EBITDA positive in year ending June 30 2006 and ebitda to be 4%-5% for year ending June 30 2007
Let us talk about your key strategy and your acquisition targets. What is the latest news?
Strategy is to gain access to more and more hotel inventory (although we take no risk on any of our inventory). We have many favorable air contracts but the real growth is in hotel which is higher margin than hotel. OTV started as an air focused company which we view as the starting point to most travel. As we mix in more and more hotel inventory, we will see sales and margins increase. We are seeing hotel business increase now and we expect tremndous growth throughout the remainder of the fiscal year. We would look to add high margin travel products such as a hotel consolidator or other company that offers sightseeing tours or other types of excursions which are high margin. With the stock proce at a low point, we do not foresee using stock for acquisitions unless the price justifies using what we view as severely underpriced stock.
What are the reasons for the crash in September? (5 US$ to 1,50 US$ within 2 weeks)
We attribute it to a few things, but please note this is speculation on our part. The crash was really in October. We were on a road show to complete the recent financing. We believe word spread we were doing a financing which naturally causes the stock to fall from people selling in fear of a discounted deal. ALso because the people we visited on the roadshow are not allowed to trade in the stock, we lost a lot of our buy support. As you will see the stock fell on relatively light sales volume. $3 million of stock cost us $30 million in market value. ALso, we are late in filing the 10K. This makes certain investors uneasy and the AMEX halted our trading without warning until we issues an earnings release prior to filing the 10K. In total we were halted for 5 hours approximately. The move by AMEX scared the market and in management`s opinion caused an over reaction. I believe our stock traded a record 460,000 shares that day or the next. The 10K is late for many reasons. Our year was very complex in terms of the number of financings we did and 2 acquisitions and 2 sales transactions. Also, we are told that the auditors BDO Seidman are under review by a Public Accounting Oversight Board which in the US causes extra scrutiny by the auditors.
Please explain us the background of the $12.5 Million Financing announced in October.
We decided we needed extra working capital for a variety reasons that resulted from the tremendous growth we have experienced. For example, our credit card processor has raised collateral requirements from $1.5 million to $2.5 million as our sales have increased. We need to spend $1 million approximately on technology to improve our booking process to increase sales, we need to have $3 million available to deal with the sale of the SUnTrips division which lost $10 million last year and needs to be shut down or sold. (We have announced that we have a buyer that should close by end of November.) We also needed the extra capital to strengthen our working capital position. We expected to close this deal closer to $6 per share on the convert price, but for the reasons above, the price kept falling to $2.55.
Please give us an overview about your collaboration partners.
I asume you mean our private label partners such as walmart.com and Sam`s CLub. These are private label partners who sell our products through their websites. The partner pays for all marketing and we pay a small revenue share to the partner. We see tremendous growth in our own brands but also through the private label distribution channels. We have a good reputation as being responsive to the private label partner`s demands so we expect this division to continue to grow.
What are the next steps OTV is planning to take near, mid and long- term?
Near term, we will focus on Hotel sales. HIgh margin and to the extent we are merchant of record which we are fo rsome of the hotels, we hod the cash from the date the hotel resrvation is booked until 14 days after the traveller leaves the hotel. This will provide a permanent source of working capital for OTV. Mid term, we are working at extending the $12.5 million notes that we can extend through March 15, 2005. Long term, we will continue to grow and broaden our offerings. We expect as we continue to grow and get more attention inthe market, we will be courted as an acquisition target.
What are the most important milestones the company plans to achieve?
$1 billion inbookings, which we expect to occur in fiscal year ending June 30 2008 at the latest. Also, keep focus on hotel sales. Higher margin and source of working capital.
Is there a danger of delisting from AMEX?
We do not believe delisting is realistic. AMEX has given us until Dec 12 2005 to file the 10K. As of today, that is the only AMEX requirement we have not satisified. We and the auditors do not believe filing weill in advanc eof that date is a problem. There are no disagreements with the auditors. It is a case of auditors needing to do a lot of work on the complex transactions that occurrred.
Are there actual capital increase/private placement plans for 200/2006?
We really do not want to raise money with the stock this low. We wil do all we can to refinance the $12.5 million notes due in March with working capital and negotiated extensions, however, I cannot make any guarantees I can achieve the extensions.
How much capital does OTV have available at the moment?
We have approximately $9 million cash. Other than the $12.5 million seller notes due in March 2005, we do not expect a need for additional capital, and as I said, we are trying to extend or pay off the notes without a capital raise.
How would you, from your perspective, justify / evaluate the current share price for OTV?
In management`s opinion, our stock is undervalued. The market is telling us to get rid of SUntrips so we no longer have to suffer the risks associated with that business. The main online offline business doesnto have the risk of SUnTrips as we are merely a reseller whereas SUntrips had the same risks an airline does (fuel costs, price wars from competitors, etc.) Also, the public comparables are more pure play travel resellers like Expedia and Priceline. Cendant also announced it is spinning off its travel properties to eb a comp to Expedia as well. These businesses are typically valued at 15-20 times next years EBITDA. Our current year is a transisiton year for us. 2007 will be our first pure online offline travel agency year as all of the other divisions will be gone. We project 2007 EBITDA to be 20 million or more. This gives us a value of $300 million minimum. This would translate to a stock price of inexcess of $15 or more. The larger players in the space are delivering good numbers. We expect to deliver strong numbers as well and our current price will allow a shareholder to make several times their money if and when the market values us in line with other players in the market. This is our opinion of course so you need to do your own evaluation.
Please give us the number of employees at the moment.
We have approximatley 130 employees at OTV excluding SunTrips which has another 150 or so. We plan to divest ourselves of SunTrips by the endo fo November. Many of OTV`s employees are call center sales and customer service agents.
Please give us some details about the share structure. (Main shareholders et ct)
We have 10.7 million shares outstanding today. Fully diluted we have approximately 23 million outstanding. If all convertible instruments were excercised, we would have approxiamtely $50 million in cash. Largest shareholders are THird Point ($3 billion fund) SPecial SItuations ($1 billion fund) Janus Funds. Palisades MAster FUnd would be our largest shareholder if it converts its $10 million in convertible debentures at $2.55 per share.
Finally, give us the most important arguments to invest in OTV. Why should a German private investor buy your shares?
We are in a high growth industry that has very well defined valuations. We are clearly undervalued by our estimates especially for 2007 and we feel the market has over reacted to the late filing of our 10K. We feel we are an unbelievable buy for someone who has the desire to hold the stock 7 months or more. We feel when our June 30 results come out, our value will be proven. We are into a stock to buy if you want to get inand out every other day with any sizable lot. We feel the more patient investor will double or triple their money in less than 12 months but you need to draw your own conclusions based on the market information out there on our industry and on OTV. "
QUelle Schmider Investments
Wert wird entdeckt, seit gestern ziehen allmählich Umsätze an..
"Is there a danger of delisting from AMEX?
We do not believe delisting is realistic. AMEX has given us until Dec 12 2005 to file the 10K. As of today, that is the only AMEX requirement we have not satisified. We and the auditors do not believe filing weill in advanc eof that date is a problem. There are no disagreements with the auditors. It is a case of auditors needing to do a lot of work on the complex transactions that occurrred."
Klingt nicht schlecht
We do not believe delisting is realistic. AMEX has given us until Dec 12 2005 to file the 10K. As of today, that is the only AMEX requirement we have not satisified. We and the auditors do not believe filing weill in advanc eof that date is a problem. There are no disagreements with the auditors. It is a case of auditors needing to do a lot of work on the complex transactions that occurrred."
Klingt nicht schlecht
na also
wieder 2,70 €. Macht sich doch gut. 3 € winken in der Nähe!!!
wieder 2,70 €. Macht sich doch gut. 3 € winken in der Nähe!!!
Trading Spotlight
Die Umsätze ziehen jetzt aber richtig an... 36.000 €
2,50 € ist eine wichtige Marke. Wenn diese hält, stehen die Ampeln auf Bodenbildung und Rallye bis 3,50€.
Augenblicklich sieht es so aus, als würde die 2,50 € halten.
"Please describe the opportunities of your industry.
The online travel industry is growing rapidly estimated to be $60 million or more in 2007 and over $100 million in 2010. There has been a lot of consolidation in the industry and the market is so large, OTV can grow at a rapid rate for several years. We expect growth for the fiscal year ended June 30 2007 to be 70% or more growth over the year ending June 30 2006 which we expect to be in exces of $300 million in travel bookings.
We also expect to be EBITDA positive in year ending June 30 2006 and ebitda to be 4%-5% for year ending June 30 2007"
TOLLES POTENTZIAL!!
The online travel industry is growing rapidly estimated to be $60 million or more in 2007 and over $100 million in 2010. There has been a lot of consolidation in the industry and the market is so large, OTV can grow at a rapid rate for several years. We expect growth for the fiscal year ended June 30 2007 to be 70% or more growth over the year ending June 30 2006 which we expect to be in exces of $300 million in travel bookings.
We also expect to be EBITDA positive in year ending June 30 2006 and ebitda to be 4%-5% for year ending June 30 2007"
TOLLES POTENTZIAL!!
Könnte ein echter Renner werden.
Die Ausführungen des President scheinen mir sehr plausibel zu sein.
Alleinunterhalterthread???
Sind wir jetzt noch gelistet?
Am 12.12.05 gab es Umsatz bei OTV, für heute noch nicht.
Habe ich soeben auf Amex.com gefunden (Kürzel: OTV), wie lange es noch dauern könnte steht aber auch nicht drin.
News Details
OneTravel Holdings Contacts AMEX To Request Additional Time to..
2005/12/13 09:14:48
File Its Form 10-K (1 of 3)
ATLANTA, Dec 13, 2005 (BUSINESS WIRE) -- OneTravel Holdings, Inc. (AMEX: OTV), a leading online and offline provider of travel and leisure services, announced today that it has contacted the American Stock Exchange ("AMEX") in order to request additional time to file the Company`s Annual Report on Form 10-K. As previously reported, the AMEX had notified the Company that it was not in compliance with the AMEX`s requirements for continued listing standards because of OTV`s failure to timely file its Form 10-K for the fiscal year ended June 30, 2005. The Company had submitted a plan for compliance that provided for filing the Form 10-K on or before December 12, 2005. The Company has been working diligently, but it was not be able to make the filing within the December 12, 2005 timeframe.
The Company continues to work diligently and based on the progress to date, the Company believes it has made sufficient progress and will complete the filing within a short enough period of time that there is a reasonable basis to believe that the AMEX will grant the Company an extension of time to comply with the requirements for continued listing on the AMEX. The Company has not, however, received any assurances from the AMEX on the issue of continued listing. The Company will comply with the AMEX process for requesting additional time to meet the standards for continued listing. To that end, the Company has submitted a confidential summary of the steps it has taken to date to file the 10-K and the basis upon which the Company believes that an extension of time to file the 10-K is warranted. The Company does not presently expect any interruption or halt in trading of shares of its stock while it awaits correspondence back from the AMEX.
The Company expresses disappointment that the Form 10-K has not been filed, but believes it will be filed in short order. In an effort to keep the public apprised of its financial results the Company has issued certain financial information which is attached to this release. The Company`s independent auditors have not completed the audit on the Company`s financial statements, but the Company believes that the attached information fairly presents the financial results of the Company in all material respects for the periods indicated. The attached financial information is consistent with the summary information that was released by the Company in October 2005.
The delay in filing the 10-K is largely related to the complexities of the Company`s activities over the past twelve months. These complexities include two major acquisitions in the latter part of the fiscal year, the sale of two businesses, and several financing transactions. The Company`s Audit Committee has been very active in the process of monitoring the preparation work for the 10-K and has confidence based upon the information that has been provided that the filing will be made shortly.
About OneTravel Holdings, Inc. (AMEX:OTV)
OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all of its revenues from its travel business subsidiaries, Farequest Holdings, Inc., operating under the name 1-800-CHEAPSEATS (www.cheapseats.com) and OneTravel, Inc. (www.onetravel.com), both of which are leading online and offline providers of a full range of travel services, and FS SunTours, Inc., which sells leisure and vacation travel packages under the SunTrips(R) brand (www.suntrips.com). The Company derives additional revenue from operating other travel related web sites including www.discounthotels.com and www.11thhour.com.
Statements in this news release about anticipated or expected future revenue or shareholder value growth or expressions of future goals or objectives, including statements regarding market conditions or whether current plans to grow and strengthen the Company`s business will be implemented or accomplished, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release and documents, the words "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or a change in market demand for its products and services or to fully or effectively integrate all business units or the inability to realize anticipated cost savings or revenue and stockholder value growth opportunities associated with the acquisitions of Farequest Holdings, Inc. and OneTravel, Inc. The Company has previously mentioned in conference calls that gross bookings are not equal to gross revenues under generally accepted accounting principles, so no inference can be made about profitability based on gross bookings unless expressly stated by the Company. There is also no certainty that the Company will be successful in its quest to secure strategic alliances in its efforts to close the sale of the SunTrips business. The Company is also subject to those risks and uncertainties described in the Company`s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company`s historical losses and negative cash flow, its need for additional capital, including to finance the $12,500,000 promissory notes payable to the former stockholders of OneTravel, Inc., and that future financing, if available, will dilute the Company`s current common stockholders, plus the Company`s ability to maintain listing with the American Stock Exchange, which if not maintained could have an adverse affect on the Company`s stock value and liquidity. Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political, or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company`s SEC filings, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. For a complete description of the items approved at the annual stockholder`s meeting, the Company`s proxy statement is available for viewing in the Company`s SEC filings.
SEE ATTACHED UNAUDITED FINANCIAL INFORMATION
OneTravel Holdings, Inc. and Subsidiaries UNAUDITED CONSOLIDATED BALANCE SHEETS
June 30, 2005 2004 ------------- ------------- ASSETS (As restated) Cash and cash equivalents $ 1,791,463 $ 776,717 Deposits and restricted cash 17,494,584 18,696,941 Accounts receivable, net of allowance for doubtful accounts of $311,561 and $43,948, respectively 4,373,880 308,971 Due from affiliates 87,185 68,500 Investments - 308,948 Prepaid expenses and other assets 3,988,414 3,680,452 ------------- ------------- 27,735,526 23,840,529 Current assets of discontinued operations 992,741 33,948,025 ------------- ------------- Total current assets 28,728,267 57,788,554
Deferred costs and other assets 988,599 6,007 Property and equipment, net 3,129,273 354,442 Other intangible assets, net 6,734,407 273,000 Goodwill 59,791,692 9,873,862 ------------- ------------- 70,643,971 10,507,311 Non-current assets of discontinued operations 69,592 15,992,193 ============= ============= Total assets $ 99,441,830 $ 84,288,058 ============= =============
LIABILITIES AND SHAREHOLDERS` EQUITY Notes payable and other obligations - current portion $ 19,967,996 $ 1,449,029 Accounts payable and accrued expenses 19,046,481 9,132,028 Unearned revenue 19,807,784 18,468,293 ------------- ------------- 58,822,261 29,049,350 Current liabilities of discontinued operations 5,420,690 41,066,963 ------------- ------------- Total current liabilities 64,242,951 70,116,313
Warrant obligation 680,841 2,584,188 Notes payable and other obligations 7,147,510 7,563,726 ------------- ------------- 7,828,351 10,147,914 Non-current liabilities of discontinued operations 5,887 152,713 ------------- ------------- Total liabilities 72,077,189 80,416,940
COMMITMENTS AND CONTINGENCIES
Shareholders` equity: Preferred stock, $0.01 par value, 10,000,000 shares authorized, Series A 6% Convertible Preferred stock, 1,537 shares issued and outstanding 15 - Series B 6% Convertible Preferred stock, 1,527,389 shares issued and outstanding 15,274 - Series C Convertible Preferred stock,
(1 of 3)
13-Dec-2005 09:11
Home| Contact Information | Site Map | Links of Interest | Dictionary | Bookmark
©Copyright 2005 American Stock Exchange LLC, All rights reserved. Please read our Disclaimer, Trademarks and Privacy Statement.
The American Stock Exchange logo is a trademark of
American Stock Exchange LLC.
Due to the use of frames, the above URL in the browser address box is usually the amex.com homepage. The URL of this page is
http://www.amex.com/newsDetails/CmnNewsDet.jsp?id=XpressFeed…
Habe ich soeben auf Amex.com gefunden (Kürzel: OTV), wie lange es noch dauern könnte steht aber auch nicht drin.
News Details
OneTravel Holdings Contacts AMEX To Request Additional Time to..
2005/12/13 09:14:48
File Its Form 10-K (1 of 3)
ATLANTA, Dec 13, 2005 (BUSINESS WIRE) -- OneTravel Holdings, Inc. (AMEX: OTV), a leading online and offline provider of travel and leisure services, announced today that it has contacted the American Stock Exchange ("AMEX") in order to request additional time to file the Company`s Annual Report on Form 10-K. As previously reported, the AMEX had notified the Company that it was not in compliance with the AMEX`s requirements for continued listing standards because of OTV`s failure to timely file its Form 10-K for the fiscal year ended June 30, 2005. The Company had submitted a plan for compliance that provided for filing the Form 10-K on or before December 12, 2005. The Company has been working diligently, but it was not be able to make the filing within the December 12, 2005 timeframe.
The Company continues to work diligently and based on the progress to date, the Company believes it has made sufficient progress and will complete the filing within a short enough period of time that there is a reasonable basis to believe that the AMEX will grant the Company an extension of time to comply with the requirements for continued listing on the AMEX. The Company has not, however, received any assurances from the AMEX on the issue of continued listing. The Company will comply with the AMEX process for requesting additional time to meet the standards for continued listing. To that end, the Company has submitted a confidential summary of the steps it has taken to date to file the 10-K and the basis upon which the Company believes that an extension of time to file the 10-K is warranted. The Company does not presently expect any interruption or halt in trading of shares of its stock while it awaits correspondence back from the AMEX.
The Company expresses disappointment that the Form 10-K has not been filed, but believes it will be filed in short order. In an effort to keep the public apprised of its financial results the Company has issued certain financial information which is attached to this release. The Company`s independent auditors have not completed the audit on the Company`s financial statements, but the Company believes that the attached information fairly presents the financial results of the Company in all material respects for the periods indicated. The attached financial information is consistent with the summary information that was released by the Company in October 2005.
The delay in filing the 10-K is largely related to the complexities of the Company`s activities over the past twelve months. These complexities include two major acquisitions in the latter part of the fiscal year, the sale of two businesses, and several financing transactions. The Company`s Audit Committee has been very active in the process of monitoring the preparation work for the 10-K and has confidence based upon the information that has been provided that the filing will be made shortly.
About OneTravel Holdings, Inc. (AMEX:OTV)
OneTravel Holdings, Inc. (www.onetravelholdings.com) derives all of its revenues from its travel business subsidiaries, Farequest Holdings, Inc., operating under the name 1-800-CHEAPSEATS (www.cheapseats.com) and OneTravel, Inc. (www.onetravel.com), both of which are leading online and offline providers of a full range of travel services, and FS SunTours, Inc., which sells leisure and vacation travel packages under the SunTrips(R) brand (www.suntrips.com). The Company derives additional revenue from operating other travel related web sites including www.discounthotels.com and www.11thhour.com.
Statements in this news release about anticipated or expected future revenue or shareholder value growth or expressions of future goals or objectives, including statements regarding market conditions or whether current plans to grow and strengthen the Company`s business will be implemented or accomplished, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release and documents, the words "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or a change in market demand for its products and services or to fully or effectively integrate all business units or the inability to realize anticipated cost savings or revenue and stockholder value growth opportunities associated with the acquisitions of Farequest Holdings, Inc. and OneTravel, Inc. The Company has previously mentioned in conference calls that gross bookings are not equal to gross revenues under generally accepted accounting principles, so no inference can be made about profitability based on gross bookings unless expressly stated by the Company. There is also no certainty that the Company will be successful in its quest to secure strategic alliances in its efforts to close the sale of the SunTrips business. The Company is also subject to those risks and uncertainties described in the Company`s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company`s historical losses and negative cash flow, its need for additional capital, including to finance the $12,500,000 promissory notes payable to the former stockholders of OneTravel, Inc., and that future financing, if available, will dilute the Company`s current common stockholders, plus the Company`s ability to maintain listing with the American Stock Exchange, which if not maintained could have an adverse affect on the Company`s stock value and liquidity. Additionally, forward-looking statements concerning the performance of the travel and leisure industry are based on current market conditions and risks, which may change as the result of certain regulatory, political, or economic events, a shift in consumer travel preferences, as well as those risks and uncertainties described in the Company`s SEC filings, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. For a complete description of the items approved at the annual stockholder`s meeting, the Company`s proxy statement is available for viewing in the Company`s SEC filings.
SEE ATTACHED UNAUDITED FINANCIAL INFORMATION
OneTravel Holdings, Inc. and Subsidiaries UNAUDITED CONSOLIDATED BALANCE SHEETS
June 30, 2005 2004 ------------- ------------- ASSETS (As restated) Cash and cash equivalents $ 1,791,463 $ 776,717 Deposits and restricted cash 17,494,584 18,696,941 Accounts receivable, net of allowance for doubtful accounts of $311,561 and $43,948, respectively 4,373,880 308,971 Due from affiliates 87,185 68,500 Investments - 308,948 Prepaid expenses and other assets 3,988,414 3,680,452 ------------- ------------- 27,735,526 23,840,529 Current assets of discontinued operations 992,741 33,948,025 ------------- ------------- Total current assets 28,728,267 57,788,554
Deferred costs and other assets 988,599 6,007 Property and equipment, net 3,129,273 354,442 Other intangible assets, net 6,734,407 273,000 Goodwill 59,791,692 9,873,862 ------------- ------------- 70,643,971 10,507,311 Non-current assets of discontinued operations 69,592 15,992,193 ============= ============= Total assets $ 99,441,830 $ 84,288,058 ============= =============
LIABILITIES AND SHAREHOLDERS` EQUITY Notes payable and other obligations - current portion $ 19,967,996 $ 1,449,029 Accounts payable and accrued expenses 19,046,481 9,132,028 Unearned revenue 19,807,784 18,468,293 ------------- ------------- 58,822,261 29,049,350 Current liabilities of discontinued operations 5,420,690 41,066,963 ------------- ------------- Total current liabilities 64,242,951 70,116,313
Warrant obligation 680,841 2,584,188 Notes payable and other obligations 7,147,510 7,563,726 ------------- ------------- 7,828,351 10,147,914 Non-current liabilities of discontinued operations 5,887 152,713 ------------- ------------- Total liabilities 72,077,189 80,416,940
COMMITMENTS AND CONTINGENCIES
Shareholders` equity: Preferred stock, $0.01 par value, 10,000,000 shares authorized, Series A 6% Convertible Preferred stock, 1,537 shares issued and outstanding 15 - Series B 6% Convertible Preferred stock, 1,527,389 shares issued and outstanding 15,274 - Series C Convertible Preferred stock,
(1 of 3)
13-Dec-2005 09:11
Home| Contact Information | Site Map | Links of Interest | Dictionary | Bookmark
©Copyright 2005 American Stock Exchange LLC, All rights reserved. Please read our Disclaimer, Trademarks and Privacy Statement.
The American Stock Exchange logo is a trademark of
American Stock Exchange LLC.
Due to the use of frames, the above URL in the browser address box is usually the amex.com homepage. The URL of this page is
http://www.amex.com/newsDetails/CmnNewsDet.jsp?id=XpressFeed…
Wir sind noch gelistet!
Und langsam geht es abwärts 
was war gestern in Amiland los? +18%
und in D haben sie heute ohne Umsatz hochgetaxt.
und in D haben sie heute ohne Umsatz hochgetaxt.
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Investoren beobachten auch:
| Wertpapier | Perf. % |
|---|---|
| +0,88 | |
| 0,00 |
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 88 | ||
| 67 | ||
| 50 | ||
| 40 | ||
| 36 | ||
| 20 | ||
| 15 | ||
| 12 | ||
| 12 | ||
| 11 |
