To: seven_reader7 who wrote (85) | 7/28/2001 2:44:15 AM | From: Alfred W. Post | | | So far the chart resembels a slide that seems to near its end, at least the latest quotes indicate an improvment. What do you think about it. The latest news also indicate that a turn around seems to be in the making. Fred |
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To: seven_reader7 who wrote (85) | 8/8/2001 2:47:46 AM | From: Alfred W. Post | | | Hi, you wont see much of a change in the chart BUT the fundamentals have changed, drastically in my opinion,with the news of the installation in the University of Florida where their system is being implemented. How do you see this?? Fred |
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To: seven_reader7 who wrote (85) | 10/10/2001 3:15:15 AM | From: Alfred W. Post | | | With a jump of $1.-- or over 30% you certainly will see a change in the chart. As I understand this move is brought into connection with the biological warefare because appareantly AATK is involved in detecting biological wepons. Nice, but I do not understand it. Do you? Fred |
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To: Alfred W. Post who wrote (89) | 10/10/2001 10:08:03 AM | From: peter michaelson | | | Insidetruth.com Initiates American Access Technologies Coverage! SAN DIEGO, CA -- (INTERNET WIRE) -- 10/10/2001 -- Insidetruth.com initiates American Access Technologies (NASDAQ: AATK) with a Sell Reccomendation and awards it a price target of 56 cents(equal to the closing price on Sept 21 ,2001).
This Company announced a Contract for 7,000 Biological and Chemical alarms , as if they were the ones who produced these alarms. AATK does not, they do however do a little welding as a subcontractor, in the production of these alarms and last year handled a 6,000 unit contract. This contract was renewed this year for 7,000 units by the company that actually does make these alarms, AATK charges $26.50 each, according to the figures released to Dow Jones News Wire,It should be noted that AATK has lost money on every single unit,it worked on last year. The total value of this contrcat is approximately $ 185,000.00. AATK has no other connection with Biological and or Chemical alarms and or detection.
For the most part Acces Tech (AATK) is a pure welding compnay, they make metal things, for dift applications, however sometimes they powdercoat these metal fabricated products. In the cases of the termination cabinets ,which are in reality metal boxs, they do have the incredible capacity to actually fold these metal cabinets into shape.
Here is a photo of their operation and the facilities used by its 50 employees,most of them being professional welders and packaging specialists.
callaatk.com/gifs/Factry2.jpg
American Access Technologies currently has $ 217,000 in cash and equivalents according to their most recent SEC filing. We value the company at 1/2 of their cash level based on an SEC reported burn rate of 164,000 every 6 months. Which leaves them with approximately two quarters of cash left,if that.
The company, has no R & D department ,they dont have any scientists on staff,and they certainly have no expertise in Chemical and or Biological Warfare, They are simply a Welding Company. Finally the Compnay spent a total of "nothing" On reserach and developement,according to their most recent filed SEC filings.
And Finally on 9-12-2001 (the day after the WTC tragedy) the insiders ,NOT the company filed to sell 1.66 million shares, with all of the proceeds to go to selling insiders and no cash to the Compnay itself.
www.sec.gov/Archives/edgar/data/1043186/000111650201501103/ameraccess-sb2a.txt
A more detailed report will follow. |
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To: peter michaelson who wrote (90) | 10/10/2001 11:22:12 AM | From: rrufff | | | Hey Peter,
I looked for that report on the InsideTruth website and it's not there. Is this inside information lol?
Anyway, very interesting - I just started looking at this. It got some big coverage yesterday. Is it just because of the symbol AATK?
RR |
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To: rrufff who wrote (91) | 10/10/2001 1:47:47 PM | From: peter michaelson | | | hi rruff - i think the report pretty much says it all. AATK jumps on every hot fad with a press releases. First they were a B2B, then a fiber optic, now bio-defense.
Man, they shape metal. Their real focus is these zone cable things.
It's alow margin business with zero barrier to competition.
Peter |
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To: peter michaelson who wrote (90) | 10/10/2001 3:09:40 PM | From: Alfred W. Post | | | Thhank you very much for your detailed report. You seem to know the situation very well and the picture you are pinting is not nice at all. But thanks just the same. yours Fred |
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