just bought

MadJack

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oh.....bought in at 4.82 and, of course, it went to 4.80 right away :rolleyes:
 

Captain Crunch

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I think I see some potential with this one. LOL If this truely works like they say, I think it might be time to start shorting the cable companies, if this is less expensive than their option. This would be huge everywhere, but the rural communtites would love it.

Good Luck with this one.
 

worm44

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hmmmm...in the middle of its year trading range..above the 50 day moving average...above the 200 day moving average.....twice the normal volume today......hmmmm indeed...
 

MadJack

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freelancc said:
or if you had not wagered on the Ravens all year..
:rolleyes: :rolleyes:
you got that right. no shit :cursin: i think i'm 1-3 on ravens bets :(

a lot of people, whose opinions i respect, like this stock, so i'm in with both feet.
 

baby johnson

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here's some info off excite.com:


Telkonet Completes $20 Million Convertible Note Placement; Funds to be Used for Working Capital and Support of Future Growth

Friday October 28, 8:00 AM EDT

GERMANTOWN, Md., Oct 28, 2005 (BUSINESS WIRE) -- Telkonet, Inc. (TKO), the leader in providing powerline carrier (PLC) networking solutions using existing electrical wiring, announced today that the Company has completed a convertible senior debt financing of $20 million. The $20 million is for general working capital needs. The Notes bear interest at a fixed rate of 7.25%, payable in cash, and call for monthly principal installments beginning March 1, 2006. At the option of the Company, the principal payments may be paid either in cash or in common stock. If paid in common stock, the value of the stock will be determined by the lower of $5 or 92.5% of the average recent market price. The Company has also agreed to issue one million warrants to the Noteholders exercisable for five years at $5 per share.

The Notes are convertible into common stock. At any time after six months, should the stock trade at or above $8.75 for 20 of 30 consecutive trading days, the Company can cause a mandatory redemption and conversion to shares at $5 per share. At any time, the Company can pre-pay the notes with cash or common stock. If the Company elects to use common stock to pre-pay the Notes, the price of the common stock is the lower of $5 or 92.5% of the average recent market price. Should the Company pre-pay the Notes other than by mandatory conversion, the Company must issue additional warrants to the Noteholders covering 65% of the amount pre-paid at a strike price of $5 per share.

In addition to standard financial covenants, the Company has agreed to maintain a letter of credit in favor of the Noteholders equal to $10 million. Once the Note declines below $15 million, the balance is reduced by $.50 for every $1 amortized. The Company also has covenants requiring a minimum revenue test of $9 million through 2006, measured quarterly.

First Albany Corporation acted as agent for the transaction. The Notes were purchased by two institutional investors in the face amount of $10 million each. The Company plans to file a registration statement to cover the future issuance of shares which may be issued upon conversion of the Notes and or warrants.

About Telkonet

Telkonet develops and markets technology for the transmission of high-speed voice, video and data communications over the existing electrical wiring within a building. The revolutionary Telkonet iWire System(TM) utilizes proven powerline communications (PLC) technology, which enables the delivery of commercial high-speed broadband access from an IP "platform" that is easy to deploy, reliable and cost-effective by leveraging a buildings existing electrical infrastructure.

The building's existing electrical wiring becomes the backbone of the local area network, which converts virtually every electrical outlet into a high-speed data port, without the costly installation of additional wiring or major disruption of business activity.

The Telkonet iWire System can be installed rapidly and offers a viable and cost-effective alternative to the challenges of hardwiring and wireless local area networks (LANs). Telkonet's products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets. Applications supported by the Telkonet "platform" include but are not limited to: VoIP telephones, Internet connectivity, local area networking, video conferencing, closed circuit security surveillance and a host of other information services. For more information, please visit www.telkonet.com.

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).

SOURCE: Telkonet, Inc
 

MadJack

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up to 5.05 in the first 10 minutes after big news. let's go baby!

Related Quotes
Sym. Price Chg.
TKO Trade
News 5.05 0.34
Telkonet Chosen for Best Western GB Broadband Internet Solution; The Best Western GB Group Commences an Aggressive Broadband Roll-Out Across the United Kingdom

October 31, 2005 09:00:15 (ET)


GERMANTOWN, Md., Oct 31, 2005 (BUSINESS WIRE) -- Telkonet, Inc. (TKO, Trade), the US-based leader in providing in-building broadband access over existing electrical wiring, reports that it has been selected as part of a major contract with the Best Western Hotel group, involving the installation of broadband Internet services. Best Western GB is planning to install high-speed Internet access in more than 200 hotels by the end of 2005. As part of this initiative, a contract with Best Western has been awarded to Divine Internet, a recently-established specialist installation company, to incorporate Telkonet's powerline communications (PLC) technology in a number of these hotels as part of a comprehensive broadband package. The first installation involving Telkonet's iWire System(TM) was completed in September 2005 at the Best Western Bruntsfield Hotel in Edinburgh, with the Best Western Dean Court in York and the Best Western Midland Hotel in Derby following in quick succession.

Divine Internet was awarded the status of the Best Western preferred supplier for broadband installations on the basis of its creative package, which combines a range of carefully tailored solutions comprising Telkonet's PLC technology, wireless equipment from Zyxel, and the ANTLabs Zero Configuration gateway. Russell Imrie Chairman of Best Western GB and Managing Director of the Best Western Bruntsfield Hotel, detailed their requirement: "Best Western Great Britain decided to implement high-speed Internet access in all public areas and guest rooms by the end of 2005, in response to Best Western's global initiative to target Internet access in 15% of all bedrooms. Our Head of IT and Database Mike Goryl researched the market, and identified Divine Internet as our preferred supplier."

The Best Western Bruntsfield Hotel in Edinburgh was the first in an aggressive installation program across Great Britain, enabling the Best Western group to offer a state of the art high-speed Internet service to guests in all areas of the group's unique, individually owned and managed hotels. Comprising six classic townhouse buildings from the early 19th century, together with a recent extension, the Best Western Bruntsfield Hotel has 71 rooms and is located in the centre of Edinburgh. Divine Internet installed Telkonet's PLC technology as the backbone throughout the hotel, with Telkonet iBridge(TM) units in all bedrooms in the older parts of the hotel, mounted discretely behind the writing desk. The public areas are served by wireless access, supported by further Telkonet iBridge units for customers requiring hard-wired secure access.

Expanding on the installation process, Russell Imrie commented: "We were delighted here at the Best Western Bruntsfield Hotel to be the first to implement the new solution, economically upgrading a total of 71 bedrooms with wired high-speed Internet access, as well as providing a combination of wireless and hard-wired access in our public areas and conference rooms. We held a Best Western Europe marketing meeting the week following the installation, involving 24 delegates, who all required high speed Internet access, and everything worked fine."

Russell Imrie believes that the installation has future-proofed the Best Western Bruntsfield Hotel for a highly economical investment: "We now have the backbone in place that will enable us to deliver future guest services quickly and economically - such as Voice over Internet, interactive games and video on demand. We have future-proofed our hotel with this investment, and my original fear of seeing guests waiting at reception with their laptops for advice on how to connect to the Internet has quite simply evaporated."

The agreement is between Divine Internet and Best Western GB and is not for public disclosure.

About Best Western

Best Western is the largest group of independently owned and managed hotels in Great Britain, with 312 hotels throughout England, Scotland, Wales and the Channel Islands. For more information about Best Western, visit www.bestwestern.co.uk.

About Telkonet

Founded in 1999, Telkonet Inc. is a high-technology systems application developer of powerline carrier (PLC) communications solutions for the commercial and industrial markets. Telkonet designs, develops, deploys and supports broadband Internet access solutions for a wide range of applications, including the hospitality, multi-dwelling/multi-tenant unit, government, and education markets in the United States and Europe. Its headquarters is located in Germantown, Maryland, USA, where a team of skilled professionals is employed across design, development, support, sales and administration. The company's leading edge technology is deployed in installations around the world, including Choice Hotels, Sandman Hotels, Inns and Suites, and many other leading brand names in the hospitality sector. Telkonet Inc. is listed on the American Stock Exchange (AMEX), trading under TKO. (For more information, please visit: www.telkonet.com).

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
 

MadJack

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got out at 4.94 today with a $1200 profit. tired of waiting. i have my eye on some others and will post when i make my buys.
 
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