COUNTDOWN 9,8,7,6,5,4,t,b,u GO !!! - 500 Beiträge pro Seite

[mis]

Die Ruhe vor dem Sturm !
Nasdaq Gang ist sicher,Quiet Period ist zu ende,Boden bildet sich bei 0,80 can $,
TBU + AVGP abstimmung am 20.Dezember,Amadeus,ITA Software...
bald Travel 24 ...

Es fehlen nur noch Zahlen und ein paar Analystenstimmen
Dann wär unser Puzzle fertig

ps:Wer weiß wann die Zahlen kommen oder die Analysten sich melden?

Gruß
mis

[mis]

New Tech For Air
By Douglas Quinby

NEW YORK -- Travel agents may soon have access to some of the new technology that is behind Orbitz.

Travelbyus, which is building a clicks-and-mortar retail agency network around its branded site Travelbyus.com, last week softly launched its airfare search and booking engine with ITA Software, the same technology being implemented by the much-discussed Orbitz, whose principal investors include several major U.S. airlines.

The company has rolled out the technology on its consumer Web site, where it is currently accepting bookings for flights within the U.S. and Canada, officials said.

Travelbyus has further plans to integrate the search engine on its travel agency platform, according to Peter Rooney, senior vice president, distribution.

"We want our agents to have the lowest fares available to them because the general public has the lowest fares available to them on the Internet...The ITA platform will be integrated into the agent side, giving them the ability to compare against Travelbyus` consolidated net fares," he said, referring to the company`s purchase of two air consolidators as part of its acquisition spree over the last year.

The ITA search engine is comprised of a software and hardware platform that is entirely new and distinct from the legacy CRS technology, according to Jeremy Wertheimer, president and CEO of ITA Software, enabling a broader airfare search that returns far more fare options than the CRSs.

The technology has received some criticism from existing online travel and travel technology players because, while the software is available in beta testing on both the ITA site (www.itasoftware.com) and on Orbitz (www.orbitz.com), it is not yet equipped to accept bookings, which executives allege introduces a whole new suite of technical challenges.

Orbitz Postpones It

Orbitz was scheduled to launch this fall but postponed its full launch until April of next year, citing its commitment to perfect its customer service support as well as its technology platform. The airline-owned site is beginning an expansive beta test of its technology in February.

The relatively young Travelbyus, which has some 2,000 agencies in its fold following the acquisition of four agency networks including Cruise and Vacation Shoppes America and Bell Travel Systems, is the first company to implement the ITA product in a live, bookable Web environment.

"If we wanted to do that, we could have done that months ago," said a spokesperson for Orbitz. "[The ITA engine] is the most comprehensive, most advanced search engine technology out there... but there are some bugs in the technology that we are taking great pains to work on before we are asking the consumer to book on our site."

The Orbitz spokesperson pointed to occasional inaccuracies in seat availability, as well as pricing, returned by ITA searches.

While Rooney acknowledged that in system tests the software was accurate in about 80 percent of returned information on multi-segment journeys, accuracy on single-segment flights was much higher. He added that Travelbyus is working with its CRS partner Amadeus and ITA Software to iron out the glitches and add international flight booking capability.

Orbitz, meanwhile, is also taking the extra time to enhance its own booking engine and Web site design for a customized user interface, company officials said.

"We aim to solve those problems and take ITA and connect it to a back-end booking system that is clean, fast and invisible to the user. We`re committed to raising the bar for customer care in the industry," added the Orbitz spokesperson.

http://www.leisuretravelnews.com/news/current/2000111303.htm…
---------------------------------------------------------------
Weiter so ! TBU lebt

mis

[mis]

Endlich mal wieder gestiegen-UNSER BABY-TBU und zwar 14% auf
0,94 can $ in der letzten Stunde.Die,die verkauft haben,werden sich
wohl ärgern
mehr als 25% unterschied

Mittwoch, 15. November, 2000
0,94 Kanadischer Dollar = 0,709053 Euro

weiter so !

mis

[Cyberfrog]

@ Alle:

Hi Leute, kennt jemand einen plausiblen Grund für den Anstieg von TBU gestern Abend ? So wie ich die bisherigen Postings verstanden
habe kommt die Fusion mit Aviation Group nach Zustimmung der Aktionäre am 20. Dezember zustande. Da Aviation Group am Nasdaq
gelistet ist müsste die neue Firma (Travelbyus inc.) dann ebenfalls am Nasdaq gelistet werden ? Erfolgt vorher ein Rückwärtssplitt ?
Bin für alle Antworten dankbar.

Gruß
Cyberfrog

[mis]

@Cyberfrog
Ich denke,das der Rückwärtssplitt erst nach dem 20.Dezember
erfolgen wird.Bis dahin hoffe ich,das der Kurs der beiden sich
erholt und wir einen nicht so großen Rückwärtssplitt sehen.

Und es werden immer noch TBU`s verschenkt !
Umgerechneter Kurs = ca. 0,71
bei uns 0,62 bis 0,65

Gehts heute weiter nach oben ? Gestern bei Tageshoch geschlossen
in Kanada.

Auf die zwei Stellen VOR dem Komma

mis

[ass3000]

Hallo,
Die steigenden Umsätze bei Tbu heute an den deutschen Börsen
sind die ersten Signale für den bevorstehenden Aufschwung.
Entscheidend werden die Zahlen sein ,die angeblich im Dezember
kommen sollen.
Hoffentlich gehts heute in Kanada weiter bergauf.

[Pufo]

Hallo zusammen!

der Rückwärtssplit wird nach dem 20.12. durchgeführt; soll nach derzeitigem Stand 1:5 betragen.
Doch das meeting am 20.12. dürfte reine Formsache sein.
Was Analystenstimmen bzw. Zahlen angeht gibts aktuell nichts neues.
Habe gestern mit Herrn Pickert von VMR gesprochen. Und dieser konnte mir leider auch keine genaue Auskunft über Planzahlen geben.
Müssten wir uns mal direkt ans TBU.com board wenden.

Auf bessere Zeiten !

Grüße.

Pufo

[mis]

Freitag, 17. November, 2000
0,98 Kanadischer Dollar = 0,739333 Euro -Frankfurt 0,67 € ???

weiter so

mis

[bill bo]

no panic, wir sind doch erst am anfang!
bill bo

[ass3000]

Hallo,
Wenn man sich zur Zeit das Börsenumfeld vor allem am deutschen
Neuen Markt anschaut, dann muß man feststellen ,daß der Markt
erst einmal von Betrügern (siehe Infomatec, Vorstände im Knast),
(siehe heutige Zahlen von Intertainment, Umsatzzahlen um 100 Mill.
verpasst) und von unfähigen Analysten bzw.Anlageberatern gereinigt
werden muß.
Wenn man dann noch den ganzen Tag das Geschwafel von den Börsen-
reportern auf NTV hört,die sich wahrscheinlich gar nicht bewußt
sind was sie mit ihren manchmal unmöglichen Berichten unter der
Bevölkerung anrichten, dann brauch man sich nicht wundern,wenn sich
zur Zeit keine Aktienkäufer finden, die sich auch noch um ihr
Erspartes bringen lassen.
Ich hoffe nur das Tbu nicht auch so ein Luftschloss wie andere
Internetfirmen ist und seinen Weg gehen wird.
Wegen der Zahlen konnte mir auf Anfrage auch Value Relation keinen
Zeitpunkt nennen, was ich auch nicht verstehen kann.
Sie wollen sich aber um eine Auskunft kümmern.
Ich glaube auch das TBU sich um eine bessere Marketingfirma wie VR
kümmern sollte um in Deutschland bekannter zu werden.

[bill bo]

hab letzte woche nochmal 2000 tbus nachgelegt und meinen
durchschnittspreis auf 1,29 euro gedrückt! jetzt lege ich
mich zurück und warte ab
gruss
bill bo

[bavariapower]

AVIATION GROUP INC (AVGP)
Quarterly Report (SEC form 10QSB)
d financial statements and notes thereto included in the Company`s Form 10-KSB for the year ended June 30, 2000.

NOTE B - SALE OF DISCONTINUED BUSINESS SEGMENTS & MERGER ACTIVITY


The Company has since 1999 been in discussions with third parties regarding the possible sale or merger of the entire enterprise, and is also in discussions with certain third parties regarding the sale of certain remaining segments of the Company`s operations on an individual basis. Other parties interested in the Company`s status as a public company have expressed interest in a business combination, spin-off, or other transaction.

On December 29, 1999 the Company sold its Tri-Star Airline Services ground handling subsidiary operations. On February 8, 2000 the Company sold its Casper Air Service general aviation fixed base operations. Both businesses were sold to unrelated third parties and, when combined, generated a net gain on sale to the Company of $600,000 in fiscal 2000.

In late February, 2000 Aviation Group entered into letters of intent and publicly announced a proposed three-way business combination with Global Leisure Travel, Inc. and travelbyus.com ltd. Global Leisure Travel, Inc. is a travel business specializing in the sale of Hawaiian and other Pacific-region vacation tour and other travel products to consumers. travelbyus.com ltd. is an integrated travel company. The business combination contemplates the acquisition by Aviation Group of these two companies with financing provided by travelbyus.com ltd. and private investment capital raised by Doerge Capital Management, the Company`s financial advisor for this transaction. Additionally, Aviation Group engaged the investment firm of CIBC World Markets Corp. to review the transaction with travelbyus.com ltd. and express an opinion regarding the fairness of the terms to Aviation Group shareholders. Current Aviation Group shareholders will retain approximately 5% of the combined entity after the combination with travelbyus.com. See Note D - Proposed Business Combination with travelbyus.com ltd.


NOTE C - ACQUISITION OF GLOBAL LEISURE TRAVEL, INC.


On March 17, 2000, the Company executed agreements to purchase Global Leisure Travel, Inc. ("Global"). On May 10, 2000, the Company completed its acquisition of Global, and Global is now a wholly-owned subsidiary of Aviation Group. As consideration for the purchase, the Company issued:

$16,500,000 in liquidation preference, represented by 1,650 shares, of its Series A 9% cumulative convertible preferred stock and Series A warrants to purchase 750,000 shares of its common stock at an exercise price of $5.00 per share to the former owners of Global in exchange for the transfer or cancellation of the stock and indebtedness owned by them and their affiliates; and

Series B warrants to purchase 3,500,000 shares of its common stock at an exercise price of $3.00 per share to the former warrantholders in Global in exchange for cancellation of their warrants.



In connection with the acquisition, the Company also invested $20.4 million in Global. These funds were used primarily to pay debts and other payables of Global. The financing for this investment by Aviation Group in Global was provided by:

$5,000,000 invested by travelbyus.com ltd. through the purchase of 500 shares of Series B preferred stock from Aviation Group at $10,000 per share;

$2,000,000 invested by private investors in the purchase of 750,000 shares of Aviation Group common stock at $2.667 per share; and

$16,000,000 invested by private investors in the purchase of 1,600 units of Aviation Group`s Series B 12% cumulative preferred stock and Series C warrants, at a price of $10,000 per unit, each unit consisting of one share and 750 warrants.

Effective September 30, 2000, Global Leisure and travelbyus.com entered into a management agreement under which travelbyus.com assumed responsibility for management of Global Leisure`s business. travelbyus.com provides management and support services, including office space, utilities, office equipment, staff support, bookkeeping, accounting, billing, collection, contract administration and other overhead services. To the extent funds are available, Global Leisure is required to pay to travelbyus.com a servicing fee of $55 per paid trip and a monthly retainer of $5,000 and to reimburse travelbyus.com for direct advertising and marketing expenses and long distance, postage and delivery charges arising from Global Leisure`s business. travelbyus.com also assumed responsibility for Global Leisure`s working capital deficits during the agreement`s term. This management agreement expires September 1, 2001.

For financial reporting purposes, the Company has treated the Global acquisition as if it occurred on March 31, 2000, and Global`a operating results have been consolidated with the Company`s results since April 1, 2000. The following unaudited pro-forma consolidated results of operations for the three month period ended September 30, 1999 assumes the Global acquisition occurred as of July 1, 1999. The information does not purport to be indicative of what would have occurred had the acquisition actually been made as of such date or of results which may occur in the future.


Three months ended
September 30, 1999
-------------------

Revenues $5,394,000
Net loss (7,319,000)
Net loss per share (basic and diluted) $(2.05)


NOTE D - PROPOSED BUSINESS COMBINATION WITH TRAVELBYUS.COM LTD.

Aviation Group executed on May 3, 2000 an agreement to combine its business with travelbyus.com through a statutory arrangement under Canadian law. The completion of the arrangement is subject to receipt of requisite regulatory approval, and when the arrangement is completed, travelbyus.com will become an indirect subsidiary of Aviation Group. The transaction involves a one-for-one share exchange. Former travelbyus.com shareholders will own directly or indirectly approximately 95% of Aviation Group`s outstanding common stock after completion of the arrangement. As of November 10, 2000, Aviation Group and travelbyus.com had approximately 4,957,000 and 97,004,000 common shares outstanding, respectively.

travelbyus.com is an integrated travel company, which provides travel services via the Internet, through 1-800 call centers and through traditional travel agencies. travelbyus.com`s Web site, www.travelbyus.com, provides consumers with on-line travel options 24 hours per day. In addition to offering consumers travel options through the Internet, travelbyus.com also offers the consumer travel options through 1-800 call centers and traditional travel agencies. travelbyus.com provides a broad range of travel products, targeted primarily at the leisure customer, including airline tickets, cruise packages and ground packages.


The companies have scheduled shareholder meetings on December 20, 2000 to vote on the business combination. If approved, the companies expect to account for the arrangement under the purchase method of accounting as if travelbyus.com had acquired Aviation Group and had been recapitalized under the capital structure of Aviation Group.


NOTE E - BUSINESS SEGMENT INFORMATION


The following table summarizes financial information by the Company`s three business segments and corporate for the three-month periods ended September 30, 2000 and 1999, respectively. See Item 2. "Management`s Discussion and Analysis of Financial Condition and Results of Operations" for descriptions of the segments.


Quarter Ended
Ended September 30,
----------------------
2000 1999
---- ----
Net Revenues:
Painting and maintenance $ 2,364,000 $ 2,194,000
Manufacturing 1,218,000 935,000
Travel 1,112,000 --
----------- -----------
Total $ 4,694,000 $ 3,129,000
=========== ===========

Operating income (loss):
Painting and maintenance $ (149,000) $ (132,000)
Manufacturing 59,000 (50,000)
Travel (1,798,000) --
Corporate (534,000) (447,000)
----------- -----------
Total $(2,422,000) $ (629,000)
=========== ===========

Total assets:
Painting and maintenance $ 3,696,000 $ 4,025,000
Manufacturing 4,224,000 4,146,000
Travel 51,107,000 --
Discontinued Operations -- 3,669,000
Corporate 2,085,000 685,000
----------- -----------
Total $61,112,000 $12,525,000
=========== ===========

There were no significant intersegment sales or transfers for either period. Operating income by business segment excludes interest and other miscellaneous income. Corporate assets consist primarily of cash and cash equivalents and prepaid expenses.



Item 2. Management`s Discussion and Analysis of Financial Condition and Results of Operations


General

A key element of Aviation Group`s strategy historically involved growth through acquisitions of other companies, assets or product or service lines that would complement or expand Aviation Group`s existing aviation service operations. Since 1996, Aviation Group has purchased five separate entities. Management believed that acquisitions would enable it to leverage its fixed costs of operations and further expand the products and services that it could offer to its customers. Aviation Group intended to use its common stock as the major source of its capital to execute its acquisition strategy.
While management was successful in identifying candidates that met its acquisition criteria, the trading price of Aviation Group`s shares and the level of trading volume experienced in the public marketplace created a significantly negative environment for acquiring aviation businesses for Aviation Group using its stock as consideration. Management endeavored since 1998 to remedy this condition, while continuing to incur high corporate overhead costs necessary to properly operate and maintain its aviation service enterprises.

During the fiscal 2000 year, management concluded that (a) Aviation Group`s stock traded below the potential value of its existing underlying companies, (b) acquisitions of new companies at these lower share price levels would dilute existing shareholders, and (c) continuation of its historical corporate overhead strategy without growth from acquisitions would erode shareholder value. Accordingly, in August 1999, the board of directors approved a management plan to engage investment advisors and pursue the additional strategy of selling all or part of Aviation Group`s businesses, or merging with another company with greater growth and shareholder appreciation potential.

During the quarter ended December 31, 1999, Aviation Group sold its Tri-Star Airline Services ground handling subsidiary operations. On February 8, 2000, Aviation Group sold its Casper Air Service general aviation fixed base operations. Both businesses were sold to unrelated third parties, and together generated a net gain on sale to Aviation Group of $600,000. In February 2000 Aviation Group entered into letters of intent and publicly announced a proposed three-way business combination with Global Leisure Travel, Inc. and travelbyus.com ltd. Global Leisure is a travel business specializing in the sale of Hawaiian and other Pacific-region vacation tour and other travel products to consumers. travelbyus.com is an integrated travel company which provides travel services via the Internet, through 1-800 call centers and through traditional travel agencies. This business combination and its related costs have been funded by financing provided to Aviation Group by travelbyus.com along with private investment capital raised by Doerge Capital Management, Aviation Group`s financial advisor for this transaction. Additionally, Aviation Group engaged the investment firm of CIBC World Markets Corp. to review the transaction and express an opinion regarding the fairness of the terms to Aviation Group shareholders.

The combination with travelbyus.com, when approved, will allow management to immediately begin to reduce overlapping corporate overhead, complete the integration of its Global Leisure travel operations into and with travelbyus.com, and pursue the sale of its remaining aviation service and manufacturing businesses. While negotiations regarding the sale of these businesses is underway with certain third parties, no agreements have been reached. Proceeds from the sale of these entities will be used first to fund repayment of Global Leisure acquisition financing, with the remainder if any invested in Aviation Group`s travel operations.


Results of Operations

The following discussions and tables set forth a summary of changes in the major operating categories: aircraft painting, aviation parts manufacturing and service, and travel. These historical results are not necessarily indicative of results to be expected for any future period.




Quarter Ended Sept. 30,
( 000`s)
------------------------

Total Aviation Group 2000 1999
-------------------- ---- ----
Revenues $ 4,694 $3,129
Cost of revenue (1,976) (1,916)
Operating and other expenses (2,819) (1,192)
------- ------
Division income (loss) (101) 21
------- ------
Corporate overhead (360) (313)
Depreciation and amortization (1,459) (169)
Income from discontinued operations -- 30
Other income 18 9
Interest expense (502) (177)
------- ------
Pre-tax loss $(2,404) $ (599)
======= ======

Paint Division

Revenues are generated primarily from stripping and painting and other aircraft coating services to major passenger and freight airlines and corporate aircraft and aviation related companies. For the last two years, the Paint Division has operated out of three separate locations in Louisiana, Oregon, and Mississippi. During fiscal 2000, Aviation Group completed construction and executed a hangar-facility operating lease on a new Boeing-747 sized hangar at its Louisiana painting headquarters. This new location commenced operations in July 2000, and its addition to Aviation Group`s capacity should allow the Paint Division to consolidate much of its operations in Louisiana, thus reducing costs and improving future operating margins.
Aviation Group`s paint operations and related revenue and income can vary significantly from quarter to quarter based upon seasonality and scheduling factors of its major customers. During fiscal 2000, Aviation Group experienced reductions in revenues relating to the completion of its multi-year painting contract with United Airlines. This reduction, along with the retention of multiple paint facility locations pending the completion of its Boeing-747 sized paint facility in Louisiana, contributed to the operating loss for the fiscal 2000 year. Management anticipates, based upon projected backlog amounts from existing and new customers, increases in paint revenues and improvements in operating performance beginning in calendar 2001.

Costs of revenues consist largely of direct and indirect labor, direct material and supplies, insurance and other indirect costs applicable to the completion of each contract or order. Operating expenses consist of all general and administrative and operating costs not included in costs of sales, including but not limited to facilities rent, indirect labor and other overhaul costs.


Quarter Ended Sept. 30,
( 000`s)
-------------------------

Aircraft Paint Division 2000 1999
----------------------- ---- ----
Revenues $ 2,364 $2,194
Cost of revenue (1,293) (1,371)
Operating and other expenses (1,042) (826)
------- ------
Division income (loss) $ 29 $ (3)
======= ======



Aviation Parts Manufacturing & Service Division

Aviation Group`s Aviation Parts Manufacturing & Service Division consists of two operating entities, Aero Design, Inc. and General Electrodynamics Corporation. Aero Design manufactures and sells aviation batteries, primarily in the replacement aftermarket. Aero Design is positioning for significant growth, and during the fiscal 2000 year, it applied for and won approval from the FAA for numerous additional manufacturing licenses relating to its line of commercial and general aviation replacement batteries. These licenses will allow Aero Design to focus its activities in future operating periods on growth in sales and operating profits. General Electrodynamics manufactures, sells, and services aviation scales to airlines and aviation maintenance customers worldwide. It also manufactures under bid-to-produce contracts various electronic aviation equipment for original equipment manufacturers. This business segment is expected to increase in activity and focus during the fiscal 2001 year.

Quarter Ended Sept. 30,
( 000`s)
Aviation Parts Manufacturing & -----------------------
Service Division 2000 1999
---------------- ---- ----

Revenues $ 1,218 $ 935
Cost of revenue (683) (545)
Operating and other expenses (355) (366)
------- -----
Division income (loss) $ 180 $ 24
======= =====


Leisure Travel Division

In conjunction with Aviation Group`s letter of intent agreement to merge with travelbyus.com, on March 17, 2000, Aviation Group executed agreements to purchase Global Leisure. On May 10, 2000, Aviation Group completed its acquisition of Global Leisure, and Global Leisure is now a wholly-owned subsidiary of Aviation Group. Global Leisure provides travel related services primarily through retail travel agencies, and is a seller of bulk travel services, maintaining several wholesale and discount contracts with leading providers of travel in the industry. Global Leisure has contracts with several major airlines, hotel operators and touring companies, including United Airlines, Continental Airlines, Delta Airlines, Hawaiian Airlines, Alaskan Airlines, Outrigger Hotels Hawaii, and Hotel Corporation of the Pacific d/b/a Aston Hotels & Resorts. These contracts allow Global Leisure to purchase airline tickets, hotel reservations and travel packages at wholesale prices.
Global Leisure travel products are resold to the public through retail travel agents and other sellers. Several tradenames under which Global Leisure operates are "Sunmakers", "Kailani Hawaii Tours", and "Hawaii Leisure". Global Leisure has contracts with travel agencies and suppliers of travel in Washington, Hawaii, Nevada and California. These agencies have designated Global Leisure as a preferred supplier for all destinations and products that Global Leisure offers in exchange for certain sales-based commissions.

Since its acquisition, Aviation Group has worked closely with travelbyus.com to integrate Global Leisure`s products and operations into those of travelbyus.com. Aviation Group has executed a management agreement with travelbyus.com providing for the integration of Global Leisure`s business into and with travelbyus.com. Cost reductions have been implemented by shutting down Global Leisure`s Seattle, Washington offices, and combining its operations with those of travelbyus.com in Reno, Nevada. Global Leisure`s travel products are being combined and cross-sold with travelbyus.com travel products, thus increasing potential for future revenue growth. When fully integrated into travelbyus.com`s Internet distribution system, operating margins of Global Leisure should improve in the coming fiscal year. Management believes that this integration is vital to the success of its leisure travel operations, and if successful, can allow Global Leisure to grow and achieve profitability for Aviation Group and travelbyus.com.

For financial reporting purposes, Aviation Group has treated the Global Leisure acquisition as if it occurred on March 31, 2000, and its operations are included in Aviation Group`s unaudited statements of operations beginning April 1, 2000.






Quarter Ended Sept. 30,
( 000`s)
-----------------------

Leisure Travel Division 2000 1999
----------------------- ---- ----

Gross bookings $6,227 $ -
Cost of tickets (5,115) -
------
Reportable revenues 1,112 -
Operating and other expenses (1,422) -
------
Division income (loss) $ (310) -
======


Aviation Group - Corporate Overhead

Operating expenses consist of all general and administrative and operating costs to provide management to Aviation Group`s divisions and not directly attributable to the divisions` operations. These charges include legal, accounting, travel and other related overhead. During the fiscal quarters ended September 30, 2000 and 1999, Aviation Group incurred $137,000 and $58,000 in non-amortizable acquisition related costs and direct costs associated with Aviation Group`s status as a public company. A key benefit of its intended merger with travelbyus.com is the reduction in corporate expenses, which management believes it generates upon its complete integration into the travelbyus.com business. These costs include legal, accounting, public-company costs, and other overhead items that significantly overlap with existing travelbyus.com operations.

Quarter Ended Sept. 30,
( 000`s)
-----------------------
Corporate Overhead 2000 1999
------------------ ---- ----

Operating and other expenses $ (223) $ (255)
Acquisition and merger activity costs (137) (58)
------ ------
Total corporate expenses $ (360) $ (313)
====== ======



Seasonality and Variability of Results

The Global Leisure travel operations experience seasonal variability in revenues, primarily relating to the heavy summer and year-end leisure travel seasons. Management believes, however, that the integration of Global Leisure into travelbyus.com`s other travel and technology companies will allow it to increase revenues above historical levels in future periods, and that when combined with other travelbyus.com travel products, can generate higher gross margins as well. Aviation Group`s aircraft painting operations can experience significant seasonality and quarter-to-quarter variability in its stripping and painting operations. Scheduling of Aviation Group`s paint customer fleet deliveries can significantly affect quarter-to-quarter results as well. During fiscal 2000, Aviation Group experienced reductions in revenues relating to the completion of its multi-year painting contract with United Airlines. This reduction, along with the retention of multiple paint facility locations pending the completion of its Boeing-747 sized paint facility in Louisiana contributed to the operating loss for the fiscal 2000 year. Management anticipates, based upon projected backlog amounts from existing and new customers, increases in paint revenues and operating performance beginning in calendar 2001. Significant changes in such scheduled operations or failure to attract additional aircraft painting contracts could have a material adverse effect on Aviation Group operations. Management, therefore, is required to plan cash flow accordingly.






Quarter Ended September 30, 2000 Compared to the
Quarter Ended September 30, 1999

Aviation Group`s net revenue increased by $1,565,000, or 50%, for the three months ended September 30, 2000 compared to the quarter ended September 30, 1999. The increase was primarily due the inclusion of net travel revenues of $1,112,000 from the Company`s Global Travel subsidiary, and growth in aviation battery operations. Costs of revenue for the fiscal 2001 quarter of $1,976,000 were basically flat compared to the fiscal 2000 quarter. Costs of revenue as a percentage of revenue decreased by 19%, from 61% in 1999, to 42% in 2001. This improvement results from the inclusion of travel revenues on a net basis for accounting purposes. Marginal cost of revenues in the Company`s aircraft paint business were flat, while aircraft battery margins improved slightly during the three months ended September 30, 2000 compared to the same period last year.
Operating costs and overhead associated with Global Leisure travel operations accounted for most of the increase in fiscal 2001 to $2,821,000 from $1,192,000 in fiscal 2000. Aviation Group`s interest expense was $402,000 for the three months ended September 30, 2000 versus $177,000 for the three months ended September 30, 1999, and included non-cash interest expense of $131,000 associated with common stock warrants issued to lenders relating to Aviation Group`s short term note financings in the fiscal 2000 year.

Depreciation and amortization expense rose significantly during the quarter ended September 30, 2000 to $1,459,000 from $169,000 for the quarter ended September 30, 1999. This increase relates to goodwill amortization associated with Aviation Group`s acquisition of Global Leisure and, while non-cash in nature, will have a significant negative effect on reported net income figures in future periods, totaling approximately $50,000,000 over the next ten years.

Certain stock options and warrants were re-priced in fiscal 2000. These options and warrants have been accounted for as variable instruments beginning July 1, 2000, which will entail recording expense for any increase in Aviation Group`s stock price over the exercise prices of the options and warrants. This had no effect for the quarter ended September 30, 2000, but could have a material effect on Aviation Group`s future results of operations.

Financial Condition and Liquidity

Aviation Group has incurred significant losses, due in part to corporate overhead associated with Aviation Group`s acquisition strategy. Management continues its efforts to reduce overhead costs. Reductions in non-essential division operating expenses, along with elimination of marginal products and services that do not provide future growth or near-term profits have also been pursued.

Since the acquisition of Global Leisure, Aviation Group has worked closely with travelbyus.com to integrate Global Leisure`s products and operations into those of travelbyus.com. Aviation Group has executed a management agreement with travelbyus.com providing for the integration of Global Leisure`s business into and with travelbyus.com, including the funding by travelbyus.com of operating shortfalls at Global Leisure pending the completion of Aviation Group`s combination with travelbyus.com. Cost reductions have been implemented by shutting down Global Leisure`s Seattle, Washington offices and combining its operations with those of travelbyus.com in Reno, Nevada. Global Leisure`s travel products are being combined and cross-sold with travelbyus.com travel products, thus increasing potential for future revenue growth. When fully integrated into travelbyus.com`s Internet distribution system, operating margins of Global Leisure should improve in the coming fiscal year. Management believes that this integration and the related arrangement with travelbyus.com is vital to the long term success of Aviation Group.

During the fiscal year ended June 30, 2000, Aviation Group sold its Tri-Star Airline Services ground handling and its Casper Air Service general aviation fixed base operations. Both businesses were sold to unrelated third parties, and together generated a gain on sale to Aviation Group of $600,000. In connection with Aviation Group`s acquisition of Global Leisure, through March 31, 2000, Aviation Group raised a total of $20.4 million in capital. These funds were used primarily to finance Global Leisure, with Aviation Group retaining approximately $500,000 in funds for operating and transaction cost funding purposes. These funds have supplemented Aviation Group`s existing revolving credit facilities to fund its business. At September 30, 2000, Aviation Group had a working capital deficit of $10,424,000. Aviation Group has negotiated with certain of its aviation service vendors and other lenders exchange agreements wherein these parties may receive Aviation Group common stock in exchange for cancellation of certain current payables and debt. Global Leisure also obtained




an agreed deferral of payables approximating $3.5 million until September 2001. Additionally, $3,000,000 in debt is supported by a travelbyus.com guarantee. While these funds combined with current operating levels should allow Aviation Group to meet its working capital requirements during fiscal 2001, significant interruptions in currently scheduled Aviation Group operations would adversely affect Aviation Group`s financial condition and require additional capital from asset sales, borrowings, or equity financings in order to allow Aviation Group to meet its obligations. No assurance can be made that such sales or financings will be available or available on terms deemed advantageous to Aviation Group if such events occur.

The combination with travelbyus.com, when approved, will allow management to begin immediately to reduce overlapping corporate overhead, complete the integration of its Global Leisure travel operations into and with the travel operations of travelbyus.com, and pursue the sale of its remaining aviation service and manufacturing businesses. While negotiations regarding the sale of these businesses is underway with certain third parties, no agreements have been reached. Proceeds from the sale of these entities will be used first to redeem preferred stock, with the remainder, if any, invested in Aviation Group`s travel operations. If the business combination of Aviation Group with travelbyus.com is not approved by shareholders, the board of directors intends to negotiate and enact an arrangement with travelbyus.com that allows both companies to continue their relationship and joint business activities, and thereby promote the long-term viability of Aviation Group`s operations. The terms and conditions of this alternative arrangement may have less potential for success that those unanimously recommended by the board of directors under the arrangement agreement

[Fallout]

Hi Leute,

kann mir bitte jemand erklären warum der Kurs heute in Berlin auf 0,6 € gefallen ist? Ist das ein Fehler oder ist er wirklich so abgerutscht?
Und könnte mir bitte jemand den Text da oben grob übersetzen?

Danke

Fallout

[trucker2]

schaut euch den kurs in berlin an

[Dollarmann]

Hallo Freunde,

keine Panik, das ist ein GEldkurs, wahrscheinlich handelt es sich um einen
druckfehler des Auftragssgebers, der Makler hat den Kurs dummerweise reingestellt
sollte wahrschienlich 0,60 heißen, Zahlendreher und der Maktler hat den
Geldkurs gestellt, kein Angebot zu diesem Preis.
Kann nur hoffen, dass morgen niemand in Berlin bestens verkauft!!!!!
gruß
dollarmann

[mis]

UNGLAUBLICH !!!

Heute in Berlin 900 % gestiegen !!!
Schöner wärs von 0,6 auf 6,0 - dann wär mein
Depot total GRÜN.



mis

[mannvommeer]

kurz zur anmerkung, leider stimmen viele kurse nicht, die
wallstreet-online jeden tag veröffentlicht,
mal an die verantwortlichen, überprüfen, Danke

[mis]

Hallo Leute
Unten versucht Peter Rooney den Kurssturz von TBU
zu erklären und sagt,das der faire Wert bei 8 + US $
seien müßte Aber lest es selber

+++++++++++++++++++++++++++++++++++++++++


Peter R. Posted - 23 November 2000 5:10
------------------------------------------------------------
Morgan,

The NASDAQ exchange has fallen close to 50% from its high. Microsoft, Intel, Sun Microsystems, Dell, Nortel, are trading at 52 week lows and continue to fall in price. The Nasdaq is off close 50% from its high. Priceline, Expedia, Cheap Tickets, the benchmark for the dot com world are trading at a fraction of what they once were.

A slowing US economy, the inability to count votes, a negative trend in the technology sector are factors that need to be considered when evaluating our companies performance.

The stock traded at a high of 5.55 perhaps people believed we were going to be the next bid.com. When trading in the 5.00 range we had a vision, the company had signed only 5 of the 17 companies that we have purchased.

The company has provided announcements, in fact the company delayed the S4 filing to announce the Prosoft and SiteRabbit acquisitions. Recently we announced the Letter of Intent with Amadeus. Followed by the announcement that we were the FIRST company to launch the ITA lowfare search engine, 8 months ahead of the Orbitz group. This MAJOR announcement was written up in the Washington Post.

On December 20th we are seeking shareholder approval to merge with The Aviation Group, the reverse split 5:1 will occur if the shareholders approve it, this is a question for our Board of Directors not management. The reverse split is a Board decision proposed to the shareholders for consideration. You and I as shareholders as do all shareholders have minority shareholders rights. Annual and Special meetings is the Forum to ask these questions, I urge you to attend.

The marketing campaign to which you refer with James Caan was put on hold for a reason. If you believe marketing would drive share price your sadly mistaken, if Captain Kirk couldn`t hold share price, what makes you think James Caan could. Our gross revenue is significant, compared to our competitors. Our fairness opinion based upon discounted cashflow gives us an 8.00 plus US a share evaluation pre roll back.

Morgan many people are working very hard to make this company successful. Do not undersetimate the committment of all travelbyus`s employees based upon share price. Since the Prosoft and SiteRabbit personel have come onboard, my technology concerns have been put to rest, 6 long years of searching I believe we have finally found the talent and expertise to deliver our vision.

I trust this answers your statement.


+++++++++++++++++++++++++++++++++++++++++++

mis

[Brainstorm01]

Hallo zusammen,

habe nur eine Frage, habe nämlich ehrlichgesagt nicht die lust
mir jetzt tonnenweise Beiträge durchzulesen:

Weiss man denn jetzt eigentlich genau, wann TBU an die Nasdaq
geht, oder steht das noch in den Sternen????

Danke für die Antwort.

Stay long on TBU

Gruß
Brainy

[mis]

Guten Morgen @ ALLE
Hier kann man verschiedene Reiseunternehmen auf einen Blick
sehen,wo Kurse,MK`s usw ...
Schaut es euch an !

http://sites.stockpoint.com/travdex/travdex.asp


mis

[Dollarmann]

Hallo mis,
danke für deinen hinweis im tbu thread. wenn das so weitergeht
muß ich mir bald einen anderen Namen geben, dann sind die dollars
futsch!!!!
dann nenne ich mich ausdertraum.
aber noch fehlen 0,43 cents bis dahin.
auf bessere Zeiten
gruß
dollarmann

[mis]

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/ar…

Next-Generation Search Tool
Makes Booking Online Easier

Michael Shapiro

Sunday, December 3, 2000


For months now, the online travel industry has been
buzzing about a revolutionary, next-generation
search tool that could transform the way we book
air fares and check schedules. Last week
consumers finally got their first chance to book
tickets with it, through a little-known Canadian
travel site called Travelbyus (www.travelbyus.com).
In recent tests Travelbyus has revealed occasional
bugs, but overall appears to live up to its raves.

Founded by a graduate of MIT`s renowned artificial
intelligence lab, ITA Software looks to be a step
beyond the search engines used by sites like
Expedia and Travelocity. Rather than provide 10 or
15 results for each search, as those other sites do,
ITA coughs up hundreds.

Though this might sound overwhelming, it`s not. The
data is shown on a grid where you can compare, for
example, the best nonstop to the best one-stop fare.

Or you can see that American`s flight costs $14
more than United for the same route -- but that it
might be worth paying the extra $14 if you`re in
AA`s frequent-flier program.In a single search, you
can enter alternate dates or airports to look for
better fares. For example, a search for the best
deals from San Francisco to Chicago would check
not just SFO and O`Hare but all airports within 25
or 50 miles (you select the distance). Or you could
specify airports but look for bargains if you left or
returned a day earlier or later. Though it may look a
bit technical at first, it`s a snap once you get the
hang of it. Here`s how Craig Stoltz of the
Washington Post describes ITA: `If the typical
fare-search tool shines a narrow flashlight beam into
a dark room to illuminate a specific group of fares,
ITA turns on all the lights in the air- fare warehouse
and lets you see pretty much all the lower-priced
options in a single view.`

ITA has inked a deal to provide the fare searches
on Orbitz, the mega-site backed by five major U.S.
airlines. Though Orbitz has postponed its launch
until June (with a full-function trial version promised
for February), Travelbyus is up and running now.

Unlike Travelocity and Expedia, Travelbyus charges
a $5 per transaction fee.

You can book electronically, use a local Travelbyus
agency (find local affiliates via links on the Web site,
www.travelbyus.com), or call Travelbyus at
1-800-487-2835.

If you don`t feel comfortable booking at Travelbyus,
you can use it to start your search and then call the
airline to book your ticket. It`s ironic that
Travelbyus, which works with a network of
thousands of travel agents, is the first to launch
ITA`s superb search tool for booking because this
may be the biggest threat agents have ever faced.

Before you abandon other travel booking sites,
though, a few words of caution: Travelbyus and
other sites using ITA`s technology occasionally turn
up itineraries that aren`t available. Travelocity and
Expedia, the two largest travel booking sites, have a
much better track record on this. They also provide
excellent customer service and are clear and easy to
use. Travelbyus may have good service as well, but
it doesn`t have the long-standing track record or
size of the largest U.S. online bookers.

Even if Travelbyus and, eventually, Orbitz don`t
match Expedia and Travelocity`s easy interface,
ITA is providing a boost for travel consumers. First,
ITA`s own site (www.itasoftware.com) is useful for
fare searches (though not booking). And its
revolutionary technology has spurred Expedia and
other leading travel sites to improve their booking
tools. Expedia, which used to offer only seven to 15
itinerary options, now offers about 30 through its
Express Search. And the company plans to roll out
other booking improvements over the next year,
giving consumers more choices and options.In other
online travel news:

-- Tripadvisor (www.tripadvisor.com): Use this
site`s home-page map to zoom in on your
destination for a selective and useful set of articles
from leading guidebooks and travel magazines.
(Searching Boston, for example, I found six
guidebook entries and 36 magazine pieces.) When
you click the `Lodging` link, you`ll find articles
describing local hotels click on `Things To Do" for
guidebook entries and articles on local attractions
for cities across the United States. And when you
get home from your trip, feel free to add your
comments to the User Review section. Currently it
covers only the United States, but it promises to go
international in a few weeks. -- Expedia (www.
expedia.com): This major online booking site has
announced a revamped cruise center with several
new features, including reviews by passengers and
by cruise expert Douglas Ward. Other new tools
include views of cabin layouts and 360-degree
virtual tours that allow cruise shoppers to preview
ships` dining rooms, pool decks and theaters.
Expedia has also expanded its `Business Tools`
section, adding new features tailored for small
businesses.

-- Hotwire (www.hotwire.com): This discount air
fare site, launched in October, will add hotel
bookings by the end of the year. In some ways
Hotwire is similar to Priceline.com the name of the
airline or hotel is obscured until a booking is made.
But the main difference is that Hotwire reveals the
lowest price available, while Priceline asks travelers
to bid for flights, hotel rooms and other products.

Michael Shapiro is the author of `Internet Travel
Planner` and co-writes an e-mail newsletter on
Internet travel topics for the Industry Standard.

[mis]

Hi @TBU`ler
Hab was auf Stockhouse gefunden
von Malakies 1

***********PLEASE READ THIS ENTIRE POST***********
EVERYONE, this is huge, I don`t believe nobody, at least on this forum, has noticed this before!!! It is all hidden in the way EXPE represents their revenue but I am sure the analysts know this, that`s why they call us category killers, and this is before ITA and before the agencies...!!!

Here are the links to the financial statements of each company:

EXPE - http://quicken.elogic.com/sec_grab.asp?ticker=EXPE&faddr=edg…

TBU - http://www.sedar.com/data20/filings/00294528/00000001/w%3A%5…


Now, from Expedia`s financial report, you have this:

.........................................................

Results of Operations

Revenues
Three Months Ended
September 30,
---------------------------
1999 2000 Change in %
------------------------------------------
($ in thousands)

Agency revenues $ 9,646 $ 21,646 124%
Merchant revenues 199 46,720 23377%
Advertising and other revenues 5,423 8,124 50%
------------------------------------------

Revenues $ 15,268 $ 76,490 401%
==========================================


Revenues. Agency revenues reflect strong increases as internet commerce,
and especially travel sales, continues to gain acceptance and grow
substantially. As a result, in addition to a greater number of visitors to our
websites, we have also been successful in converting a greater percentage of
those visitors to make purchases. With the acquisition of Travelscape in March
2000 and the introduction of our Expedia Special Rate business in June 2000, we
have significantly increased our revenues since we record the full amount of the
ticket or hotel room sold to our customers as merchant revenue as opposed to
only the amount received from commissions and fees on transactions where we are
not merchant of record. Increases in advertising and licensing-related revenue
comprised the remainder of the increase. The growth rate in this area is less
because a portion of these revenues are fixed over time.

..........................
This explains that they record the entire price of a sale as revenue when tbu only record the commision.
And then a little further down, you get the actual NET REVENUES:
..........................

During the three months ended September 30, 2000, net cash provided by
operating activities was $3.7 million. The net loss for this period, excluding
the non-cash charges for goodwill amortization and recognition of stock
compensation, was $1.6 million. A decrease in accounts receivable and increase
in accounts payable and accrued expenses, combined with non-cash charges,
contributed towards the cash generated by operating activities.

.....................................

3.7 million net revenues from operations... AND THIS IS DURING SUMMER MONTHS... THE MOST BUSYIEST OF THE SEASON!!!!

TBU 9 months are 12.2 million, in canadian dollars of course, but this is before a website in january, agents really started coming aboard in march-april, and now they are being integrated into the website.... AND ITA HAS BOOSTED SALES!!!!

Now compare the business models, then compare Expedia`s expenses and advertising costs.... HOA!!

All I can say is HOLY SH!T.... why the heck are we trading at these valuations.... NASDAQ, USA.... HERE WE COME!!!!

...................

mis

[ass3000]

Hallo mis,
Bitte übersetze doch mal dein letztes Posting ganz grob
ins Deutsche.
Danke im Voraus.

[Frito]

Noch einer von malakies1 (StockHouse):



http://www.stockhouse.com/bullboards/wraplink.asp?url=www.sf…

Next-Generation Search Tool
Makes Booking Online Easier

Michael Shapiro

Sunday, December 3, 2000


For months now, the online travel industry has been
buzzing about a revolutionary, next-generation
search tool that could transform the way we book
air fares and check schedules. Last week
consumers finally got their first chance to book
tickets with it, through a little-known Canadian
travel site called Travelbyus (www.travelbyus.com).
In recent tests Travelbyus has revealed occasional
bugs, but overall appears to live up to its raves.

Founded by a graduate of MIT`s renowned artificial
intelligence lab, ITA Software looks to be a step
beyond the search engines used by sites like
Expedia and Travelocity. Rather than provide 10 or
15 results for each search, as those other sites do,
ITA coughs up hundreds.

Though this might sound overwhelming, it`s not. The
data is shown on a grid where you can compare, for
example, the best nonstop to the best one-stop fare.

Or you can see that American`s flight costs $14
more than United for the same route -- but that it
might be worth paying the extra $14 if you`re in
AA`s frequent-flier program.In a single search, you
can enter alternate dates or airports to look for
better fares. For example, a search for the best
deals from San Francisco to Chicago would check
not just SFO and O`Hare but all airports within 25
or 50 miles (you select the distance). Or you could
specify airports but look for bargains if you left or
returned a day earlier or later. Though it may look a
bit technical at first, it`s a snap once you get the
hang of it. Here`s how Craig Stoltz of the
Washington Post describes ITA: `If the typical
fare-search tool shines a narrow flashlight beam into
a dark room to illuminate a specific group of fares,
ITA turns on all the lights in the air- fare warehouse
and lets you see pretty much all the lower-priced
options in a single view.`

ITA has inked a deal to provide the fare searches
on Orbitz, the mega-site backed by five major U.S.
airlines. Though Orbitz has postponed its launch
until June (with a full-function trial version promised
for February), Travelbyus is up and running now.

Unlike Travelocity and Expedia, Travelbyus charges
a $5 per transaction fee.

You can book electronically, use a local Travelbyus
agency (find local affiliates via links on the Web site,
www.travelbyus.com), or call Travelbyus at
1-800-487-2835.

If you don`t feel comfortable booking at Travelbyus,
you can use it to start your search and then call the
airline to book your ticket. It`s ironic that
Travelbyus, which works with a network of
thousands of travel agents, is the first to launch
ITA`s superb search tool for booking because this
may be the biggest threat agents have ever faced.

Before you abandon other travel booking sites,
though, a few words of caution: Travelbyus and
other sites using ITA`s technology occasionally turn
up itineraries that aren`t available. Travelocity and
Expedia, the two largest travel booking sites, have a
much better track record on this. They also provide
excellent customer service and are clear and easy to
use. Travelbyus may have good service as well, but
it doesn`t have the long-standing track record or
size of the largest U.S. online bookers.

Even if Travelbyus and, eventually, Orbitz don`t
match Expedia and Travelocity`s easy interface,
ITA is providing a boost for travel consumers. First,
ITA`s own site (www.itasoftware.com) is useful for
fare searches (though not booking). And its
revolutionary technology has spurred Expedia and
other leading travel sites to improve their booking
tools. Expedia, which used to offer only seven to 15
itinerary options, now offers about 30 through its
Express Search. And the company plans to roll out
other booking improvements over the next year,
giving consumers more choices and options.In other
online travel news:

-- Tripadvisor (www.tripadvisor.com): Use this
site`s home-page map to zoom in on your
destination for a selective and useful set of articles
from leading guidebooks and travel magazines.
(Searching Boston, for example, I found six
guidebook entries and 36 magazine pieces.) When
you click the `Lodging` link, you`ll find articles
describing local hotels click on `Things To Do" for
guidebook entries and articles on local attractions
for cities across the United States. And when you
get home from your trip, feel free to add your
comments to the User Review section. Currently it
covers only the United States, but it promises to go
international in a few weeks. -- Expedia (www.
expedia.com): This major online booking site has
announced a revamped cruise center with several
new features, including reviews by passengers and
by cruise expert Douglas Ward. Other new tools
include views of cabin layouts and 360-degree
virtual tours that allow cruise shoppers to preview
ships` dining rooms, pool decks and theaters.
Expedia has also expanded its `Business Tools`
section, adding new features tailored for small
businesses.

-- Hotwire (www.hotwire.com): This discount air
fare site, launched in October, will add hotel
bookings by the end of the year. In some ways
Hotwire is similar to Priceline.com the name of the
airline or hotel is obscured until a booking is made.
But the main difference is that Hotwire reveals the
lowest price available, while Priceline asks travelers
to bid for flights, hotel rooms and other products.

Michael Shapiro is the author of `Internet Travel
Planner` and co-writes an e-mail newsletter on
Internet travel topics for the Industry Standard.

[Frito]

Und noch einer von malakies1:

========================================
Zunächst die Frage:
========================================

malakies1,
I have been reading this board for a while, and you seem to have a fundamental knowledge of TBU.

Can you explain to me why TBU is trading at such a depressed price if it is going to be exchangeable into AVGP shares on a one for one basis while AVGP currently trades at about $1.32 Cdn?

Thanks in advance.
Enjoy reading your posts.
LC

========================================
Nun die Antwort:
========================================


Not a clue, but I will take an educated guess.
Part of the reason is the 50% drop of the Nasdaq. Coupled this with a quiet period for 5 months doesn`t help matter any. As well, the entire .coms are of some 80% of their highs and unfortunately, we are classified as a dot com, although we are much more then a .com.

Now in the last few weeks, since TBU is down so much from its highs, if I was going to take a tax loss, would I sell my Nortel down 50% or my TBU down 85-90%. Also, since the entire tech sector is depressed, a lot of people are just focusing and dumping their money on the large caps as opposed to the small caps.

Time will tell, but I think this company is a gem. I thought so at $4 and I think so now. The fact that AVGP is trading at $1.32 canadian, go figure. It is not the average investor like you or me buying it at 87 cents US or $1 US because we would know better then that... just buy TBU across the border where you can buy 3 times as many shares. I think it is the MMs keeping us at $1 expecting the reverse split at $5 so they can accumulate, but this is only speculation on my part.

The one big thing that is important to remember, who cares what TBU trades at... it is AVGP that is more important because if AVGP can close above $1 and we open at $5, I think we can rest assured the institutions will be flowing money into the company, and at that point, $$$$$.

The only thing is maintaining at least $1 US. I hope for a spike in both the canadian TBU and US AVGP, hopefully before the meeting but most likely after, in anticipation of the merger between the companies.

Regardless though, the bottom line is compared to our competitors, we are their equals, have a better business model, and when the time comes, who do you think will outpace who.

As well, it was funny reading the article yesterday that I posted from San Francisco. The reporter was amusing. He said ITA was a threat to the agents and it was ironic TBU has thousands of agency members. I disagree! Also, he said something along the lines of a little company named travelbyus, blah blah, ... I think he is confusing familiarity with size. Soon enough, the travelbyus name will be thrown around like expedia and travelocity!

Just my opinion!

========================================
========================================

Ich mag malakies posts

Frito

[Frito]

Überhaupt sollte man statt den Stockprice mal in den StockHouse BullBoards lesen zu TBU. Das ist Balsam für die geschundene Seele

Frito

[Silverboy]

Hallo!
Hier ist mal ein kleiner auszug aus einem Chat mit dem CEO von Travel24.com.

Frage Nr. 11 von Fred55: Wie läuft Ihre Partnerschaft mit dem kanadischen Reiseanbieter travelbyus.com?
(Gast MMaslaton) Travelbyus vollzieht derzeit den Übergang von Toronto stock exchange...
(Gast MMaslaton) zur NASDAQ...
(Gast MMaslaton) derzeit sind auf div. Ebenen Arbeitsgruppen eingesetzt.....
(Gast MMaslaton) wir lernen von einander...
(Gast MMaslaton) und werden zukünftig gemeinsame weltweite Entwicklungen anstossen.


Das Interview vom 08.12.00 ist auch bald unter www.stockworld.de zu lesen.

Vielleicht sehen wir ja doch irgendwann wieder ganz andere Kurse. Allerdings glaube ich nicht mehr so ganz daran.

Gruß Silverboy

[mis]

Hallo
Sind wir am ENDE
Avgp sind soeben 80% gefallen und stehen z.Z.
bei 0,10 US Cent

Wird denn jetzt 50:1 gesplittet ?

Was ist los mit TBU ?

Werden unsere TBU`s automatisch gesplittet oder ...???

Ass24 hat`s auch nicht mehr nötig irgendwas über Tbu
zu posten

mis

[Peter_Pan]

Hallo mis,

AVGP ist heute um +20% gestiegen - sagt mir jedenfalls Yahoo! Also: don`t panic! :-)

Viele Grüsse

PP

[mis]

Interessiert wohl keinen

Avgp haben mit 20 % PLUS geschlossen

Wahnsinn!Erst 80% minus und dann zum schluß 20% PLUS auf 0,75 US $

Die wollten bestimmt noch einige (Kleinaktionäre)abschütteln um noch ein Paar TBU`s zu ergattern