OTC Bulletin Board

S & P Company Insight for OPTIONABLE INC
 
 Profile

 
Business Summary: Optionable, Inc. provides trading and brokerage services to brokerage firms, financial institutions, energy traders, and hedge funds in the United States. The company offers its services through OPEX, an automated electronic trading platform. Optionable, Inc.
 
Address
  95 Croton Avenue, Suite 32
  Ossining , NY 10562
  Phone: 914-773-1100
  Fax: 914-773-1500
  Website: http://www.optionable.com
Auditor
  Sherb & Co.
  New York , NY
Transfer Agent
  Continental Stock Transfer & Trust Co.
Employees:  3
ShareHolders:  15
Founded:  2000
Domicile:  Delaware
 
  
 
 Background

 
Optionable, Inc. provides trading and brokerage services to brokerage firms, financial institutions, energy traders, and hedge funds in the United States. The company offers its services through OPEX, an automated electronic trading platform. Optionable, Inc. was founded in 2000 and is headquartered in Ossining, New York.
History:  INCORPORATED in Delaware Feb. 4, 2000.
 
Subsidiaries:
Hydra Commodity Services, Inc.
Opex International, Inc.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2006  48
  2005  27
  2004  28
 
Research and Development Expenditures, thousand. US Dollars
  Year  Amount
  2006  474
  2005  450
  2004  117
 
  
 
 Management

 

Management
OfficersPosition
 Thomas F. BurchillPresident & Chief Executive Officer
 Marc-Andre  BoisseauChief Financial Officer, Chief Accounting Officer & Investor Relations Contact
 Yechiel Abraham ZuckerSecretary & Exec VP

Directors
 Marc-Andre  Boisseau
 Thomas F. Burchill
 Edward J. O'Connor
 Dov  Rauchwerger
 Andrew  Samaan
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  Enter Date20072006
Net sales 13,22116,070
Cost & exps. 17,5467,727
Interest income 374102
Impairment charge 146,858--
Interest exp. 340780
Income tax (415)1,459
Net income (150,735)6,206
Share earns. basic ($2.88)$0.12
Share earns. diluted ($2.88)$0.12
 
Balance Sheet
  Enter Date20072006
Assets:
Cash 9,9207,912
Accts. rec., net --2,101
Due from related party --182
Other recbls. --1,308
Income tax 2,563--
Other current assets 38864
Tot. curr assets 12,87012,057
Net property 18658
Other recbls. --149
Other assets 2020
Total assets 13,07612,284
Liabilities:
Accts. pay. & accruals 388193
Accrued compensation --1,892
Income tax --1,454
Other curr. liabs. 4
Tot. curr. liabs. 3923,539
Due to related party 2,1961,855
Other liabs. 59--
Com. stk. p.$0.0001 55
Treasury stock (3)(3)
Paid-in cap. 162,7438,470
Retained earns. (152,317)(1,582)
Total liabilities 13,07612,284
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1(120,000)
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4100,000
  2008   Full Year Nil
  2007   19,100,000
  2007   24,060,000
  2007   360,000
  2007   490,000
  2007   Full Year 13,220,000
  2006   12,230,000
  2006   22,480,000
  2006   34,530,000
  2006   46,830,000
  2006   Full Year 16,070,000
  2005   11,160,000
  2005   21,280,000
  2005   31,700,000
  2005   41,670,000
  2005   Full Year 5,810,000
  2004   1220,000
  2004   2650,000
  2004   31,490,000
  2004   41,130,000
  2004   Full Year 3,500,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1(1,630,000)
  2008   1(770,000)
  2008   2(510,000)
  2008   3(310,000)
  2008   4(840,000)
  2008   Full Year (2,430,000)
  2007   13,100,000
  2007   2(152,080,000)
  2007   3(1,090,000)
  2007   42,520,000
  2007   Full Year (150,740,000)
  2006   1820,000
  2006   2670,000
  2006   32,190,000
  2006   Full Year 6,206,000
  2005   2170,000
  2005   3690,000
  2005   Full Year 1,260,000
  2004   Full Year 480,000
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.03)
  2008   1(.01)
  2008   2(.01)
  2008   3(.01)
  2008   4(.02)
  2008   Full Year (.05)
  2007   1.06
  2007   2(2.90)
  2007   3(.02)
  2007   4(.01)
  2007   Full Year (2.88)
  2006   1.02
  2006   2.01
  2006   3.04
  2006   4.05
  2006   Full Year .12
  2005   1Nil
  2005   2Nil
  2005   3.01
  2005   4.01
  2005   Full Year .02
  2004   1(.01)
  2004   2Nil
  2004   3.02
  2004   4Nil
  2004   Full Year .01
 
  
 
 Stock Data

 
 
Capitalization as of 09/30/2008:
 
 Authorized SharesOutstanding Shares
Preferred $0.0001 par5,000,000None
Common $0.0001 par100,000,00052,423,403so2
 
LONG TERM DEBT: $2,479,498.
 
Common $0.0001 par
 
COMMON SOLD PRIVATELY: In September and October 2004, the company issued 6,260,001 Common shares for gross proceeds of $1,252,000 in connection with a private placement. In addition, during October 2004, the company issued 50,000 Common shares to a consultant in connection with the private placement.
 
Stockholders:  03/24/2008, 15.
PRINCIPAL STOCKHOLDERS: March 24, 2008, Nymex Holdings, Inc. owned or controlled 41.3% of the Common, Mark Nordlicht 15.6% and Edward O'Connor 7.4%.
 
Transfer Agent:  Continental Stock Transfer & Trust Co.   New York , NY
 
OTC Bulletin Board( Primary): OPBL
 
ExchangeYearHighLow
OTC Bulletin Board20080.00000.0000
OTC Bulletin Board20079.10000.0460
OTC Bulletin Board20062.95000.4000
OTC Bulletin Board20051.40000.0500
 
DIVIDENDS: Common $0.0001 par: None.
 
 
  so2Excl. 4,800 in treas.