Corero Network Security Share Discussion Threads

[gac141] 01/11/2011 11:06

Very interesting news and long overdue for a few of us... Let this continue!

[cocker] 01/11/2011 07:44

Waited nearly ten years for such positive news coming out of the company.

[tech] 01/11/2011 07:36

Great news, more customer wins

[tech] 24/10/2011 11:45

Plenty of cash to support the growing business. I believe RHPS had a write up recently.

[trustman] 24/10/2011 09:03

Just spotted this one.....anybody got a broker's report and forecast.
looks on brink of a breakout. T

[cocker] 24/10/2011 07:48

Nice rns this morning!

[cocker] 19/10/2011 18:48

nrn today refers to the release of the DDoS system which is now available to companys. All info on CORO's web-site.

[gac141] 12/10/2011 12:00

Take a look at Datatech Limited- These are the people behind CNS!

[rambutan2] 07/9/2011 16:36

Hi dd,

Yes, I would like to attend. I've joined MF and replied similar on there.

[gac141] 07/9/2011 13:24

I know that the Non exec mentioned will not be there but he seems a fan of the new company and it's potential.

[davidosh] 07/9/2011 12:37

The company will be presenting tomorrow at our Mello Central event if any of you would like to join us...

[gac141] 05/9/2011 13:53

The results on Wednesday may be very positive - Certainly on the Education side. There is no doubt though that the security software is where the big money is and I will be looking to see how they have fared here.

[cocker] 30/8/2011 20:11

Corero networks to increase staff levels by 20%. I guess this must be a positive sign!.

[gac141] 11/7/2011 07:59

Corero (CNS) [42p/£20.04 million]

Corero, the provider of software solutions to the banking and securities and education markets, provided a trading update for the six months to 30 June 2011.

The company acquired Top Layer Networks in March 2011, which it intends to use to build a network security technology business, focused on delivering software and hardware solutions to mid-market commercial and enterprise customers and telecommunication service providers, through international channels.

The period saw a number of other crucial achievements including the launch of the DDoS Defence System (an industry-first network layer and application layer DDoS defence product); the recruitment of a sales team in France and Taiwan; and the appointment of twenty new channel partners.

Corero Business Systems, which operates as a stand-alone business, also saw the company perform strongly with sales orders in the period of £2.5 million (2010: £1.5 million).

Corero appears to be evolving as quickly as the market does, and in some ways even quicker - we will be keeping a close eye on how the company continues.

[gac141] 04/7/2011 07:41

Very Good Progress!!!!

Now we need to see the Top Layer Sales Teams getting the orders.

Well done to Bernard yet again!

[gac141] 30/6/2011 13:31

30/06/2011 10:24 GBX/PLUS-exn New 94,733 42.00 24/06/2011 16:35 GBX/PLUS-exn New 50,000 45.00
30/06/2011 10:20 GBX/PLUS-exn New 57,778 38.50

Trades Again... Something is brewing... Orders???

[sojourno] 20/6/2004 13:31

Thanks to Patricia (ADVFN) and BickJacko:-
For example: A US stock is sold short, pretending to have stock from Germany to do the short to meet the 2 day deadline under US law. The loophole is that shorters are exempt from having to prove they bought the shares (in Germany). ... price becomes very volatile... point is that settlement never happens. Further details in this link, which claims that the naked shorting is being facilitated by the US based Depositary Trust and Clearing Corporation (DTC). So, it appears that blame doesn't lie with Berlin-Bremmen, nor with the German brokers. It appears they are probably unwittingly merely acting as facilitators to a practice conducted under the umbrella of transactions they have no knowledge of because they don't actually occur.

...presumably the same practice can work in the UK, but I don't know if a shorter has to prove said purchase.

[sojourno] 18/6/2004 11:10

Dear ######,

We are in receipt of your email regarding removal of your shares from the Berlin Bremen Stock Exchange dated 17 June 2004 and are convinced that there must be some misunderstanding with regard to your background information on trading of your shares on our exchange. It appears that recently there may have been some negative press about secondary listings on the Berlin stock exchange, which has led to misunderstanding and misinterpretation by the companies concerned.

We would like, therefore, to explain the circumstances in detail. For 20 years now, stocks from all over the world have been traded – at times very actively – on all German stock exchanges. Our company specialises in facilitating the purchase of international stocks in Euro for German investors. We currently look after over 7000 firms, mainly from the USA. Such dealing on the OTC-market in Germany does not generate any costs for these companies whatsoever, as our company fulfils all local requirements and forwards all reports from the home country to the German exchanges. According to the rules of the German stock exchange, secondary listing in Germany is possible at any time and without the approval of the respective company, as long as the stock is already listed on an internationally recognised regulated market. Since the rules of the OTC-Bulletin Board have been continually improved and tightened in the last few years, in Germany it has become a recognised, regulated market and therefore our company intends to trade all US titles here.

In the past, several US firms even paid our company a flat-rate for this service because in this way they were able to expand their shareholder structure considerably. As you can see, therefore, the reason for these listings does not lie in the intention of engaging in short selling activities – rather the opposite is the case. German investors and also professional market participants are not allowed to short sell, neither are they in a position to do so. Every stock that we sell in Germany must be immediately covered in the USA and delivered. If delivery does not follow directly, the buyer initiates forced covering. Securities lending for an OTC-stock is not possible in Germany. In this respect, a listing in Germany rather helps to check short selling in the USA.

We would like to emphasise, once again, that we are in no way involved in any illegal activities and it goes without saying that we are monitored very closely by the German SEC. Our company does not engage in short selling, we simply arrange for German investors the cost effective purchase of interesting international stocks in Euro.

After considering the above aspects, should you still prefer your stocks not to be traded in Germany we will respect your wish and apply for delisting on the Berlin stock exchange. However, as the rules in Germany are very clear-cut we would like to point out, by way of precaution, that another broker on another German exchange could still take up a new listing at any time and we would have no influence on the matter.

We would very much like to continue attending to your stocks and would also be prepared to inform you of any deals happening in Germany. At the moment, we have the impression that certain American law firms are purposely giving companies false information in order to attain lucrative assignments.

If you should require any further information, please do not hesitate to send us the name of a contact-person in your company. We would be happy to call you and give you more detailed explanations.


Yours sincerely,
Berliner Freiverkehr (Aktien) AG

[sojourno] 18/6/2004 10:56

Tradx666, I discussed this subject with a US company on wednesday: They immediately requested a de-listing. The share price had fallen 15% after good news just an hour before, within half an hour of the request for de-listing they went back up 17% after 2 large sells. The next day the Berlin-Bremmen issued the above statement on their website.
The theory is that UK companies are also being listed for similar purposes, but I now have a very robust denial from the Berlin-Bremmen Exchange concerning the US positions which I will post as soon as I've checked through it.
They've also met with regulators and everyone seems satisfied that there is no shorting on German exchanges. The only other explanation that exists is that maybe there's shorting by foriegn brokers that aren't aware of or subject to German law, but I doubt it.

There's a lot I don't really understand as well.

[tradx666] 17/6/2004 21:00

sojourno,

but how does it work with uk companies?!!

No one can tell me!!

Be lucky.

[sojourno] 17/6/2004 20:58

Berlin, 16.06.2004 : Berlin-Bremen Stock Exchange assures supervisory authorities full transparency and co-operation with


Due to press releases in the U.S. and complaints of U.S. located companies concerning alleged short sales in OTC-BB stocks which are deemed to be a consequence of introduction to trading of those stocks on Berlin-Bremen Stock Exchange German Federal Securities Trading Supervisory Authority has arranged a meeting between officials of U.S. Securities and Exchange Commission SEC, NASD, German Federal and State Supervisory Authorities and Berlin-Bremen Stock Exchange. The meeting took place on Friday, 4th of June 2004, in Berlin. Its purpose was to have an exchange of views about the facts and the legal assessment of trading OTC-BB stocks on Berlin-Bremen Stock Exchange. Berlin-Bremen Stock Exchange has assured the supervisory bodies full transparency and co-operation with respect to potential violations of NASD Short Selling Rule by market participants in the U.S.

In the discussion with the supervisory authorities Berlin-Bremen Stock Exchange has pointed out that there is no connection between the enactment of the NASD Rule Change in the U.S. and the introduction to trading of OTC-BB stocks on Berlin-Bremen Stock Exchange. OTC-BB stocks have been traded on Berlin-Bremen Stock Exchange for several years before now without any complaint of the issuers.

The procedure of introduction to trading of stocks on Berlin-Bremen Stock Exchange has been discussed in the meeting as well. In fact a stock may be introduced to trading on the Third Market of Berlin Bremen Stock Exchange without the company having applied for it. This is a consequence of the listing standards of the home market. If the listing standards of the home market are comparable with German and European standards the introduction to trading will be granted by the Stock Exchange only on application of a Broker with Price Determination Responsibility (Skontroführer). This policy is in full compliance with German and European law and is practised on most of the German Stock Exchanges and even on ECNs in Germany.

The U.S. supervisory and regulatory bodies have been interested to learn about the German settlement process. It has been explained that the settlement procedure does not allow naked short selling, because of the strict regulatory framework in Germany. The efficient enforcement process established in Germany does not allow any market participant to successfully accomplish a naked short sale.

In preparation of the meeting with the supervisory authorities Berlin-Bremen Stock Exchange properly examined the prices and trades conducted in certain OTC-BB stocks and presented the results to the supervisory bodies. There were checked all OTC-BB stocks and focussed on stocks of companies which had complained about illegal short selling activities on Berlin-Bremen Stock Exchange. The Berlin Stock Exchange came to the conclusion that in none of these cases there was an indication that short selling actually took place. In some cases stock prices went up due to a majority of buy orders. In some other cases the investigations revealed that stocks were either not yet introduced to trading on the Berlin Stock Exchange or that there was no trading activity at all during the relevant period although the companies had explicitly blamed trading on the Berlin-Bremen Stock Exchange for falling stock prices.

Berlin-Bremen Stock Exchange is convinced that the German and U.S. supervisory and regulatory bodies have understood that there is no conspiracy to circumvent NASD short selling rules by introducing OTC-BB stocks to trading on its Third Market. For the future, it has been agreed that the participants of the meeting will stay in touch to continue their fruitful discussion.

Börse Berlin-Bremen
Communications
Eva Klose
[e-mail]