"Verticalnet Inc.-Skyrocket Kandidat"
soros : "Verticalnet Inc.-Skyrocket Kandidat"
ein sehr spannender Wert, da zwar der alte börsenmantel noch besteht (reversesplit damals)...aber letztendlich ein völlig neues unternehmen mittlerweile entstanden ist. siehe www.verticalnet.com
man sollte sich vom niedrigen volumen in deutschland nicht abschrecken lassen, wir ziehen schon früher oder später mit und ansonsten halt direkt usa ordern!
12/20/06 Verticalnet Announces Debt Restructuring
12/13/06 Verticalnet XE Customer Premier Inc. Wins Nation's Top Honor for Quality, Performance Excellence
12/07/06 Verticalnet CFO Gene Godick Leaves Company for New Venture
11/14/06 Verticalnet Reports Financial Results for the Third Quarter of 2006
eine marktkapitalisierung von lächerlichen 5,24 mio ist verdammt unterbewertet meiner meinung, erst recht, wenn der aufschwung in den usa vor der tür steht! (leitzins, remember) des weiteren mal die aufträge und news auf deren seite lesen! der ehemalige highflyer könnte wieder in zukunft ein absoluter turnaround werden, die gewinne wären dann in der rubrik "mehrere hundert prozente" einzuordnen...sicherlich nur was für spekulative anleger! ;=)
zwar besteht noch eine dilistinggefahr, (im märz 2007?), aber bei einen kurs knapp unter 1USD benötigt es doch nur ein wenig kurspflege, gelle, haben sie bisher ja gut hinbekommen...aber auch wenn diese aktien in den otc erstmal wandert, wäre es weiterhin ein interessanter wert! (mittelfristig-langfristig)OTC ist mittlerweile ja von investoren wieder gut besiedelt, nicht wahr? ähnlich verhält es sich mit broadvision inc., die wieder bald provitabel sein wollen! vector capital hat die bude übernommen und finanziert weiterhin...
Fazit:VERTICALNET find ich NETT! ;=)
5,24 Mio. EUR
soros : zeitplan
MALVERN, Pa.--(BUSINESS WIRE)--Dec. 20, 2006--Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on-demand supply management solutions, today announced material changes to its primary loan agreements.
In an SEC Form 8-K filed today, Verticalnet announced its entry into three new agreements and the amendment of two other agreements relating to its senior secured convertible promissory notes and its senior subordinated discount promissory note, the net impact of which is to shift the maturity of the discount note from January 31, 2007 to April 1, 2008, to re-price warrants previously granted to the holders of the convertible notes, to increase the principal amount of the discount note from $5.3 million to $5.5 million and to provide a subordinated security interest in Verticalnet's assets to the holder of the discount note. As a result of these actions, $4.7 million of debt classified as a current liability on Verticalnet's balance sheet dated September 30, 2006 has been reclassified on a pro-forma basis as a long term obligation. An unaudited condensed consolidated proforma balance sheet is attached hereto.
Details of the agreements are as follows:
-- On December 19, 2006, the convertible note holders agreed to
permit Verticalnet to grant a subordinated security interest
in all of Verticalnet's and its domestic subsidiaries' assets
to the discount note holder. In consideration for this
agreement, Verticalnet reduced the exercise price of warrants
held by convertible note holders from $5.39 to $0.88, the
latter reflecting a 10% premium to Verticalnet's closing price
of Verticalnet's common stock on December 19, 2006.
-- On December 19, 2006, Verticalnet and its domestic
subsidiaries entered into a security agreement with the
discount note holder and granted the discount note holder a
subordinated security interest in all of the assets of
Verticalnet and its domestic subsidiaries. Also on this date,
Verticalnet, the convertible note holders, and the discount
note holder each executed a subordination and intercreditor
agreement, which provides, among other things, for the
subordination of the discount note to the convertible notes.
As a result of granting a security interest for the discount
note, the discount note holder's right to declare the note due
any time after January 31, 2007 has been eliminated and the
resulting maturity date for the discount note became November
-- On December 20, 2006, Verticalnet and the discount note holder
entered into an amendment to the discount note, further
extending the maturity date of the discount note to April 1,
2008, while increasing the principal due under the note from
$5.3 million to $5.5 million.
"Today's announcement was an important step in our efforts to realign our balance sheet to position ourselves financially to support future growth," stated Nathanael V. Lentz, President and CEO of Verticalnet. "By extending the maturity date of our discount note by fourteen months, we gain the flexibility to undertake longer term opportunities to recapitalize our balance sheet. We believe today's announcement demonstrates the willingness of both our convertible note holders and our discount note holder to work with Verticalnet management to support our long term vision for the business and sends a strong message to our customers, prospects, employees, and shareholders."
Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.
Cautionary Statement Regarding Forward-Looking Information
This announcement contains forward-looking information that involves risks and uncertainties. Such information includes statements about undertaking longer term opportunities to recapitalize our balance sheet, the willingness of both our convertible note holders and our discount note holder to work with Verticalnet management as well as statements that are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipated," "scheduled," or similar expressions. For such statements, Verticalnet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to, the continued availability and terms of equity and debt financing to fund our business, our reliance on the development of our enterprise software and services business, competition in our target markets, our ability to maintain our listing on The Nasdaq Capital Market, economic conditions in general and in our specific target markets, our ability to use and protect our intellectual property, and our ability to attract and retain qualified personnel, as well as those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2005 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006, which have been filed with the SEC. Verticalnet is making these statements as of December 20, 2006 and assumes no obligation to publicly update or revise any of the forward-looking information in this announcement.
To learn more, please visit us at www.verticalnet.com
Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC
UNAUDITED PROFORMA CONDENSED CONSOLIDATED BALANCE SHEET
September 30, 2006
Historical Note Balance
Current assets $8,404 $- $8,404
Property and equipment, net 1,000 - 1,000
Other assets 12,878 - 12,878
Total assets $22,282 $- $22,282
Liabilities and Shareholders' Equity
Current portion of long-term debt,
convertible notes, and other non-
current liabilities $7,754 $(4,674) $3,080
Accounts payable and accrued expenses 4,939 - 4,939
Deferred revenues 4,057 - 4,057
Total current liabilities 16,750 (4,674) 12,076
Non-current portion of deferred revenues 765 - 765
Long-term debt, convertible notes, and
other non-current liabilities 263 4,674 4,937
Total liabilities 17,778 - 17,778
Total shareholders' equity 4,504 - 4,504
Total liabilities and shareholders'
equity $22,282 $- $22,282