Articles by Asensio.com

Yesterday, one day before its delayed Form 10K filing, Able Telcom Holding Corp. (Symbol: ABTEE) (Price: $7.50) issued a release containing selected data concerning its financial condition. All of this selected data will be included […]

Last Friday afternoon, February 19th, Able Telcom Holding Corp. (NASDAQ: ABTEE) (Price: $8.75) released its seventh press release concerning the so-called Interfiducia Partners L.L.C. recapitalization transaction. Able claimed that this latest release contained “additional information”. […]

New Jersey Assemblyman John Wisniewski has requested that the Policy and Regulatory Oversight Committee hold hearings to investigate the State’s handling of the E-Z Pass construction contract. Edward Gross is the administration official responsible for […]

Both the Virginia Department of Transportation (“VDT”) and the Virginia Commonwealth Transportation Board (“CTB”) must recommend and approve, and have neither recommended nor approved, Able Telcom Holding Corp.’s (SYMBOL: ABTE) (Price: $11.125) $58.9 million bid […]

Yesterday, Able Telcom Holding Corp. (SYMBOL: ABTE) (Price: $10.0625) disclosed that its Preferred holders had demanded that the company redeem their shares. Able had earlier claimed it had not received “any notice from any of […]

Able Telcom Holding Corp. (Symbol: ABTE) (Price: $10.4375) failed to file its Form 10-K for fiscal year ended October 31, 1998 as required no later than Friday, January 29, 1999. Able is in its second […]

Yesterday Able Telcom Holding Corp. (Symbol: ABTE) (Price: $11.5625) announced that Interfiducia Partners LLC had agreed to purchase a defaulted note held by John Hancock Mutual Life Insurance Company (“Hancock”). Hancock sold its $10 million […]

Able Telcom Holding Corp. (Symbol: ABTE) (Price: $11.5625) announced that John Hancock Mutual Life Insurance Company (“Hancock”) has agreed to sell its senior debt position. Hancock has been unable to collect its past due debt […]

Able Telcom Holding Corp. (Symbol: ABTE) (Price: $10.25) has been seeking a financing since April 1998. None has materialized. As a result, the company has defaulted on its debt. These defaults must be cured. There […]

Attached is a five exhibit presentation on the E-Z Pass contract. Exhibits One and Two show that MFS NT, the E-Z Pass prime contractor, was entirely dependent on its former parent MCI WorldCom, Inc.’s capital. […]

Able Telcom Holding Corp. (NASD: ABTE) (Price: $10.00) failed to deliver an operational Violations Processing Center by January 15, 1999 as required by the terms of the E-Z Pass Consortium’s Notice of Default issued by […]

Joseph Andre Schmidt, Able Telcom Holding Corp’s (Symbol: ABTE) (Price: $10.6875) New Jersey Consortium EZ Pass Program Manager has resigned. Over the last 2 1/2 years Mr. Schmidt was first involved in the negotiations for […]

Able Telcom Holding Corp. (Symbol: ABTE) (Price: $9.625) issued a statement admitting that the New York State Thruway Authority (“NYSTA”) and MCI/WorldCom (Symbol: WCOM) are entitled to $21.5 million in payments. Able Telcom continues to […]

Able Telcom Holding Corp.’s (NASDAQ: ABTE) (Price: $10.00) announced $43 million fell below our published estimated net value of less than $12 million for the sale of its remaining “fiber assets”. The announced $43 million […]