COCOMay 252.82 0.26 10.16%2,393,361
Recall discussing LUXR as a potential swingtrade candidate / targeting 1.30 initially...
Monday May 28, 2012
Hope Springs Eternal In Biotech at Seeking Alpha
IWEB saw a sharp pullback friday afternoon following newsleak regarding death of their ceo....
He had unexpectedly passed away. .................Technically, did notice fairly solid footing at .12 into close
....Could be viewed as a buying op, given the ongoing strength in May....In addition, 12cents is intermediate term/ongoing support....
T on them: They will announce death of CEO Tuesday am...we will announce a new long term commitment to them as well...
.....it IS business as usual and the existing team and interim CEO will not miss a beat...big deals to announce over next few weeks...
STERLING, VA--(Marketwire -05/25/12)- We are deeply saddened to announce that John R. Signorello, IceWEB (IWEB.OB) Chairman and CEO, passed away this morning from a genetic heart condition in his Northern Virginia home. He was 45.
Our hearts go out to his wife, his children and his family during this tragic time.
John's passion and energy left an indelible mark on IceWEB, the Northern Virginia community and the entire technology industry. IceWEB's Board of Directors, Executive Management Team and employees are strongly committed to carry out John's vision of continued success for the Company, and to fully embrace John's energy, enthusiasm and dedication.
To maintain continuous operations, the Board of Directors named Mr. Harold Compton as IceWEB's Chairman of the Board and interim CEO. Mr. Compton has served as the lead Director on IceWEB's Board since 2005. He has more than 30 years of executive management experience, including former CEO of CompUSA, President and COO of Central Electric Inc., Executive Vice President Operations and Human Resources, and Director of Stores for HomeBase (1989 to 1993), Senior Vice President Operations and Director of Stores for Roses Discount Department Stores (1986 to 1989), and several other notable positions.
The Board has also named Mr. Mark Lucky as interim Chief Operating Officer of IceWEB Storage Corporation, effective immediately. Mr. Lucky has served as IceWEB's Chief Financial Officer for more than six years.
Notice the volume pickup last two weeks..
Recall upbeat company pr bout a week ago..
Until now, unified storage devices have not been able to natively and dynamically search Active Directory....IceWEB has created functionality that enables IceSTORM to natively port Microsoft Active Directory rights management policies, users, and groups directly into the IceSTORM Operating System, saving IT administrators time without having to manually assign users and groups with rights to write, access, and/or change objects in a shared directory on IceWEB's unified storage systems.
About IWEB: IceWEB manufactures award-winning, high performance unified data storage products with enterprise storage management capabilities at a fraction of the price of traditional providers. Through thin provisioning, target deduplication and inline compression, IceWEB's unified storage arrays enable standardization, consolidation and optimized storage utilization for virtual and cloud environments, saving up to 90% of storage costs, while reducing space, power and cooling requirements and simplifying storage management
MSLP was active friday.....Had been discussing ongoing support at .015...Like the fact this stock is very liquid.....Recall when stock saw sharp pickup on repurchase about a month ago.....Stock also ran to .04 early April....
0.0175 0.0005(2.94%) May 25, 3:59PM EDT
Last week we discussed GCLL doubling to .16......also mentioned likely short squeeze.....in fact, has been jumping back above a dime a few times....Debate, especially back under .10............May want to check into their expanding partnership with General Automotive....
COIN for another run back to a penny?
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