What is Different about Traverus And TeleVerus Cell Phones


Showing posts with label YTB Travel International Inc.. Show all posts
Showing posts with label YTB Travel International Inc.. Show all posts

Monday, November 17, 2008

YTB sells administrative offices?

YTB Travel News: Sources states that YTB Travel International is selling their admininstrative offices. Somehow I knew that it wouldn't be long before this would be happening after the lay off of their adminstrative staff a few months ago. And just like than YTB Travel continues to say that there's nothing wrong. Here is information that has be noted on MLM'S And Travel site that has made this fact known to all.
We need to wait a few more days for the YTB Travel International or yourtravelbiz.com 10-Q filing, but it appears that they need to raise some cash. According to this 8-K filing, YTB is selling its property at 1 Country Club View in Edwardsville, IL. The property is being sold to Prestige Management Services, LLC for $1.5 million. This is the same property that YTB Travel International acquired a little more than a year ago, and according to this 8-K filing paid $1.85 million for.

The current sale is not only for the building and land, but also "All office equipment to remain with building to include: Cubicles, Chairs, Desk, Tables, Break Room Equipment. Sellers may leave or take Phone system." Computers and Computer Systems are excluded. Further, the buyer has taken an option to purchase 600 Country Club View at any time within 12 months of the closing of this sale.

This means that YTB Travel International is losing $350,000 on the sale, plus the cost of the equipment and furniture, plus the costs of acquisition and sale.

Why would they be doing this? The obvious speculation is that "The Company" is bleeding financially, and needs to raise cash
.

For More Information Contact:

Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
225-590-7700
1-877-744-3431

Saturday, October 4, 2008

YTB Travel International sell 4 million in stock???

YTB Travel News: (Press Release) YTB Travel dumps 4 million dollars worth of stock this time. As first reported by Notravelmlms site.

Michael Brent, who is a 10%+ owner of YTB Travel International, Inc. or yourtravelbiz.com or "the Company" has apparently seen the writing on the wall and is looking to sell up to 4 million shares of YTB Travel International, Inc.


On September 30, 2008, Michael Brent and Beth Brent entered into a Rule 10b5-1 Sales Plan ("Sales Plan") to be administered by Gilford Securities, Incorporated. Michael Brent is a ten percent shareholder of YTB International, Inc.(the "Company") and is the Chief Executive Officer of REZconnect Technologies, Inc., a wholly owned subsidiary of the Company.

During the one year term of the Sales Plan, the Sales Plan provides that Gilford Securities, Incorporated will sell under Rule 144 up to a maximum of four million shares of Class A Common Stock of the Company held by Mr. and Mrs. Brent, subject to the price and volume restrictions stated in the Sales Plan.

However, according to this Rule 10b5-1 of the SEC, people that are privy to non public insider information are prohibited from selling stock. This should prove to be a problem for Cauthen, Clagg, Scott Tomer, Coach Tomer and Kim Sorensen as they all have sold securities when the California Attorney General Investigation was ongoing and not disclosed. This will also be yet another problem for Brent, based solely on "if" that information was disclosed to him as well.

Nevertheless, there is a way out when someone is looking to minimize the risk. Especially, "if" a trustee handles the sales of securities at a predetermined schedule or per a predetermined Canaccord-Adams' formula. You can read about the details of the plan here.

Now, according to Canaccord-Adams:

A large number of corporate executives are using 10b5-1 plans to turn their risks into rewards with respect to trading company stock. Rule 10b5-1 plans allow corporate insiders to preclude trading liability and more easily access their personal wealth held in stock.

It seems that Michael Brent who by the way has already sold over a million shares in the last year, should be a little concerned that because of what he knows as an insider, he may be guilty of violating insider trading rules. Moreover, he must feel that selling YTB Travel ie the company, yourtravelbiz.com stock is a personal risk.


Does this represent the beginning of the end? I guess that time will tell

For More Information Contact:

Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.800.781.3254
1.877.744.3431
225.590.7700

Friday, September 19, 2008

YTB Travel International, Inc. stock downgraded by the street.com

YTB Travel News(press release):
Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a
stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings
designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and
interest rates.
While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include
expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective
elements include volatility of past operating revenue, financial strength and company cash flows.
However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always
factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments
and competitive dynamics that may affect the company.
For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall
research.



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COBT C2 GLOBAL TECHNOLOGIES INC Upgrade Hold Sell
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NPSP NPS PHARMACEUTICALS INC Upgrade Hold Sell
NWSB NORTHWEST BANCORP INC Upgrade Buy Hold
ORBC ORBCOMM INC Downgrade Sell Hold
PDGI PHARMANET DEVELOPMNT GRP INC Upgrade Hold Sell
ROCK GIBRALTAR INDUSTRIES INC Upgrade Buy Hold
SPRD SPREADTRUM COMMUNICATNS -ADR Initiated Sell
TIN TEMPLE-INLAND INC Upgrade Hold Sell
TTGT TECHTARGET INC Initiated Sell
UDRL UNION DRILLING INC Downgrade Hold Buy
UFI UNIFI INC Upgrade Hold Sell
VAL VALSPAR CORP Upgrade Buy Hold
WPL STEWART (W P) & CO LTD Downgrade Sell Hold
WSFS WSFS FINANCIAL CORP Upgrade Buy Hold
WYNN WYNN RESORTS LTD Upgrade Buy Hold
YTBLA YTB INTERNATIONAL INC Downgrade Sell Hold

For More Information Contact:

Daryl D. Alex
Regional Executive
Traverus Travel and TeleVerus Cell Phones
1.877.744.3431
225.590.7700