Do your DD and read the full 10k here's the high point:
"Our gross profit was $16,163,879 for fiscal 2006 versus our gross loss of ($234,146) for fiscal 2005, an increase of $16,398,025"
Posted by 10of13 on :
Oh yeah...perhaps the wait will pay off!!!
MM's have accumilated this for several months!!
Last chance people...
I am hopin' that this flies!
GLTA that got in and have held there shares!
Tomorrow will be the awaited day!
Posted by 10of13 on :
52,014,044 shares issued and outstanding as of June 9, 2006.
From pinksheets
Posted by vinnie1 on :
ya baby
Posted by Steam_Ahead on :
And perhaps this new thread is what it will take to give this thing a fresh start -- wish I had some money,,,
Posted by TruthLiesWithin on :
As long as we fly in less than 3 years...
Or IGAI buys back before the shares become convertible.
Investors on board, that's nice too.
Posted by will on :
TLW, I assume you are referring to the 8K Filed today also, to secure financing. It is quite lengthy, because of all the parties involved. I agree there is potential for future dilution, but nothing to be very concerened about in the immediate future. Who knows, the money they secured now could make them more than needed to retire the future dilution before it becomes real. Have to spend some to get some.
Posted by 10of13 on :
Will are you still in? Haven't ran across you in a while...Hope all is good!!!
Posted by will on :
Been in and out and back in again. Not sitting on a lot, but feeling pretty good with the O/S staying relatively low, and the improvement in gross profit. Plus it has been beat up by the MM's price wise, so we should get a Form 10 bounce of some magnitude.
Posted by 10of13 on :
Looking at the charts...it seems that this usually moves a week or 2 AFTER a PR or filing...and then does quite well...again indicating the "MM's" control...
But the way the market and these pennies have acted as of late...who the heck knows...
Looking forward to what this will do...
GLTA!!!!
Posted by MoneyMoneyMoney on :
me too. So much red lately I'd be happy to seem some sort of green.
I've gotten where I just study all day and briefly look at my stocks.
Good luck to all and get ready for a ride Posted by vinnie1 on :
dip before the run in the morning.
Posted by MoneyMoneyMoney on :
I agree Will, IGAI had good numbers before when I read, I need time to dissect this filing a little more..
Posted by Squire38 on :
quote:Originally posted by vinnie1: dip before the run in the morning.
Hopefully, I would like to add a bit more. I think 10of13 and I are riding free shares, but I will definately add more tomorrow.
Posted by 10of13 on :
quote:Originally posted by Squire38:
quote:Originally posted by vinnie1: dip before the run in the morning.
Hopefully, I would like to add a bit more. I think 10of13 and I are riding free shares, but I will definately add more tomorrow.
Hey Squire...Yep..free shares...but now I want more...this looks good...this is from their filing...although i am sure that there is bad also...I like this...
Our net sales for the fiscal year ended February 28, 2006 ("fiscal 2006") were $25,532,151, an increase of $14,207,701, or 125.5%, compared to net sales of $11,324,450 for the fiscal year ended February 28, 2005 ("fiscal 2005").
Hey...is it a "fullmoon"?
Let's hope this thing rocks!!!! Posted by Squire38 on :
I need more too! Did you read the part about gross profit Feb 28, 2006 it was $16 million+ compared to Feb 28, 2005 a loss of $235,000. Nice!
Posted by edgewise on :
i'm glad this thing appears to be potentially having a come-back for tomorrow. i've been sitting on some for awhile, waiting for the recovery.
looking for a nice day tomorrow.
Posted by JimSC on :
O/S: 52 M (as of June 9th, 2006) Gross Profit: 16 M$ (for 2006)
Profit/share: 0.307
PPS: 0.009
PPS/Profit: 0.03
MMs' manipulation is clear.
Don't sell your shares for cheap. Get the capital out, and let the rest ride.
Good luck.
***** Our gross profit was $16,163,879 for fiscal 2006 versus our gross loss of ($234,146) for fiscal 2005, an increase of $16,398,025. The increase in gross profit for fiscal 2006 is primarily the result of increased revenue and gross profit margins of products sold.
Our gross profit percentage for fiscal 2006 was 63.3%, as compared to (2.1%) for fiscal 2005. Our gross profit percentage for fiscal 2006 was higher due to the relatively higher gross profit percentage we realized on our direct response sales that have comprised the majority of our net sales this fiscal year. For fiscal 2005, we realized low gross margins from our sales of our excess inventory to specialty retailers at reduced prices, including sales of products at below our cost. In addition, our gross profits in those periods were reduced for the write down of inventory to estimated market value, when such value was below cost.
Posted by 10of13 on :
quote:Originally posted by Squire38: I need more too! Did you read the part about gross profit Feb 28, 2006 it was $16 million+ compared to Feb 28, 2005 a loss of $235,000. Nice!
Yes i did see that also...Lookin' good and today is here...
whoo hoo...Let's MOVE!
Posted by 10of13 on :
they gapped it to open...If this goes..hold on...it will move fast!
Posted by BULListic on :
I'm one of the few, the proud 496 IGAI'ers...
As of June 9, 2006, there were approximately 496 holders of record of our common stock."
Four nibbles early, any volume today and this could go to .02 as thin as it is.
Posted by Squire38 on :
Last time it ran, it went to 4 or 4.5 cents twice in one day.
Posted by MoneyMoneyMoney on :
I've had my order in for 50k more X .01 but they won't fill it.
Posted by JimSC on :
IGAI: 0.01 - up 11% at open.
0.092 X 0.01
Posted by Squire38 on :
quote:Originally posted by MoneyMoneyMoney: I've had my order in for 50k more X .01 but they won't fill it.
This stock is always so hard to fill. I usually put it above the ask on this one.
Posted by edgewise on :
yea.. it seems like they only like to fill this every 10 minutes or so.. maybe the MMs are calling eachother in between those 10 minutes to plan how they want to move it....
but probably not..
but it definately is a hard fill right now.
Posted by MoneyMoneyMoney on :
Ok, I got em. Today is the day!!!
Look at the volume already! Posted by 10of13 on :
I got filled at .01...no problem...don't use all or none...and it should go...Good luck...
We need some buying pressure to get this pup moving...
Posted by will on :
It's run time now, buying time was yesterday before the 10K was released. Only 4 MM's on Ask at .012 -- say goodbye to them very soon. Getting good Bid support at .01
Posted by BULListic on :
.01 x .012
4 left at .012....7 away from .02
Posted by Squire38 on :
Man, the computer I'm using at work today won't let me load up MCT, so I have no L2s. Feels weird.
Posted by will on :
3 on Bid at .01 X 4 on Ask at .012. Someone will hit the Ask very soon. Last .01
Posted by edgewise on :
i have an order for 5000 at .012.. maybe if people see it actually hit that price, then there'll be some more added buying pressure into it.. the .01 mark has been the ceiling for a little while now, and i think once that breaks, a lot more people will be willing to jump in.
Posted by Squire38 on :
quote:Originally posted by edgewise: i have an order for 5000 at .012.. maybe if people see it actually hit that price, then there'll be some more added buying pressure into it.. the .01 mark has been the ceiling for a little while now, and i think once that breaks, a lot more people will be willing to jump in.
I remember we were fighting so hard to buy under 2 cents a few months back. I'll see if I can free up some cash and hit the ask myself. I still think it is way undervalued. 2 cents is still a steal IMO.
Posted by MoneyMoneyMoney on :
This is the beginning everyone!!!
Get ready to bring out the party monkey Posted by 10of13 on :
quote:Originally posted by MoneyMoneyMoney: This is the beginning everyone!!!
Get ready to bring out the party monkey
LOL..I think that most of us have been ready for quite sometime....
I think that it will move up for several days...and after this long of a wait..who cares...as long as it is moving north!!!
Posted by SincereX13 on :
sweeeet guys, this is what we have been waiting for!
Posted by 10of13 on :
Over 1m in volume so far today in less than an hour...that is a great thing! Posted by JimSC on :
IGAI: 0.011 up 22%
0.0105 X 0.011
Posted by Superbee383 on :
This one is looking great today!~ Hope it keeps on marching upwards!
Posted by Squire38 on :
0.011 x 0.012 up 33.3%
Posted by 10of13 on :
quote:Originally posted by Squire38: 0.011 x 0.012 up 33.3%
As of late...my sells have been at 30%...just because the market has been so off...
IGAI is going to do much better than the 30%...I am not even thinking of a sell at this point...
I might try "flipping" as it moves up...This could be a whole lot of FUN!!! Posted by Squire38 on :
I hear you 10, I have waited too long to settle for 30%.
Posted by JimSC on :
Great chart and volume -- this one will attract a lot of attention in the next few days. IGAI will not let us down - 16 M$ in profit is exceptional among OTCBB stocks under 0.10. The long waiting will pay soon.
Posted by 10of13 on :
quote:Originally posted by Madge: Do your DD and read the full 10k here's the high point:
"Our gross profit was $16,163,879 for fiscal 2006 versus our gross loss of ($234,146) for fiscal 2005, an increase of $16,398,025"
Hey Madge are you in this?
Posted by MoneyMoneyMoney on :
quote:Originally posted by JimSC: Great chart and volume -- this one will attract a lot of attention in the next few days. IGAI will not let us down - 16 M$ in profit is exceptional among OTCBB stocks under 0.10. The long waiting will pay soon.
Hi, MoneyMM. Your PM box is full. I could not send PM to you. Glad you are still holding IGAI.
Posted by SincereX13 on :
as JimSC says patience pays off!
Posted by MoneyMoneyMoney on :
Sry bout that. They are cleared out now.
Yes Sir, holding 310k shares now. You have taught me well in the games of the MM's.
Patience is virtue in this game, and reward is beyond belief!!!
Posted by edgewise on :
time to load up .008x.009
Posted by BULListic on :
...and the purpose of that drop on almost no volume was what??? Posted by 10of13 on :
Small shake...and then back up!
Posted by BULListic on :
In for another 75k at .009, now have half a mill, let's light this fuse.
Posted by 10of13 on :
quote:Originally posted by BULListic: In for another 75k at .009, now have half a mill, let's light this fuse.
Friggin Awesome!!!! Posted by BULListic on :
I think another problem is that the actual Q filing isn't out on Yahoo yet, whereas the 8-K is. people are seeing the potential long-term share structure problem and not seeing the Q with the gross profit figures. The company owes us a PR to toot their own horn on the very good news.
Posted by SincereX13 on :
in for more at .009, can't believe I can still get in below .01
16mm over last years quarter is freakin crazy
Posted by Morphiuzzz on :
I got in at .011*35,000. Hope this won't turn out to be another IPRE!
Posted by SincereX13 on :
quote:Originally posted by Morphiuzzz: I got in at .011*35,000. Hope this won't turn out to be another IPRE!
IPRE ran before it crashed... this hasn't run yet! I wouldn't worry this stock is not really comparable to IPRE
Posted by cool running on :
What's going on with this guy, are we just going back to fill the gap?
Posted by will on :
Technically speaking there wasn't any gap. Had a 33% 10K bounce, and is now being manipulated again, or yet. Patience. This is too good of a company to tank. The 52M O/S, the increase in gross profit will carry to higher prices. Anything under .009 is a gift.
Posted by cool running on :
Will, do you think there will be an impact because of the increase in Net Loss?
Posted by will on :
What?
The 10K was excellent. Obviously the expense and/or clean up of debt/liabilities chewed up a lot of that gross profit. If they just maintain and hold that kind of gross profit it will do fine. If they continue to grow revenues and gross profit you will see a net profit next Form 10. The long term debt from the 8K is an issue, but not one that should affect the PPS in the short term. Remember, pennies are not a long term investment. Play or gamble to your comfort level, take profits, rebuy when it retraces. Eat it up a bite at a time.
Posted by cool running on :
I agree it will do fine if they maintain and hold, but that's the in the long run. While I now know pennies are not a long term investment, I'm looking at short term right now and the bottom line on the 10K is a loss. I can tell you that in high dollar stocks this would not be viewed as excellent, since there is a loss, irregardless of the increase in gross profits. So, please teach me in pennyland, how this is excellent. I'm not trying to be a smarta$$, I just want to understand. I'm trying to figure the potential here and at what price I should realisticaly set for my exit point. Heck, I even bought more this morning at .009 for the short term. Thanks in advance for your help.
Posted by cool running on :
Wow, I picked up another 50K at .0083.
Posted by worthashot on :
I picked up some at .0083 too, great time to buy.
Posted by MoneyMoneyMoney on :
I picked up another 100k X .0083.
Posted by worthashot on :
Looking good, good support, lots of buys, increased volume, near 52 week low. I think it will explode soon!
Posted by 10of13 on :
Ah Man...i left for a couple of hours...hopin to come back and at least see this above .02...darn MM's...but if you look at the charts...it seems to "run 10-14 days after the PR's/filings...
Posted by buckstalker on :
24 mil in revenue...16 mil net profit...52 mil shares OS...pps at .008????????????????????
Posted by BULListic on :
Was that 1.25M at .008 disguised as a buy when it was actually a sell? Dropped the bid to .007 right afterwards, so I would guess yes.
Posted by MoneyMoneyMoney on :
It's all in the timing....
Posted by worthashot on :
I think it's the MMs and nothing more.
Posted by 10of13 on :
OK..I quit...back to setting the sell and tucking it away...
The market today over all was "non eventful"...time to go on vacation... Posted by Madge on :
quote:Originally posted by worthashot: I think it's the MMs and nothing more.
I agree, this is clearly MM manipulation based on the volume being 4x the 90 day average and buys/sells was 4/1. Since we ended down %11 there really can't be any other explanation.
Posted by RsHnWaTCh on :
This will bounce dramatically tomorrow IMO...Patient on this stock as it is almost 52wk low....Can Fly real fast....
Posted by cool running on :
Looks like another down day. Posted by w00dr0w6 on :
down yes, you also forgot slow and boring along with that....
Posted by Squire38 on :
Down on only $5000 worth of shares though.
Posted by trade4food on :
ARCA continues to dilute...and the PPS continues to slide-wonderful. Hard to be positive with this stock anymore. GLTA
Posted by 10of13 on :
You can look at this 2 ways; Is "it" a good thing that "no one" is selling? OR Is "it" a bad thing "no one" is buying?
How is one to tell?
Posted by maumee river rat on :
At the end of the day,the bottom line will show you the light..
Posted by Squire38 on :
quote:Originally posted by trade4food: ARCA continues to dilute...and the PPS continues to slide-wonderful. Hard to be positive with this stock anymore. GLTA
Did you sell?
Posted by MoneyMoneyMoney on :
quote:Originally posted by JimSC: Great chart and volume -- this one will attract a lot of attention in the next few days. IGAI will not let us down - 16 M$ in profit is exceptional among OTCBB stocks under 0.10. The long waiting will pay soon.
Always like to see words of wisdom from you Jim. Especially since you've made so many folks LOTS of money.
I am waiting patiently just like I did and am with RSHN.
Posted by MoneyMoneyMoney on :
As bad as it looks here are the L2's:
1 X .007 3 X .01 1 X .0115 4 X .012 2 X .02 3 X .035 1 X .06 1 X .115 1 X .51
Posted by worthashot on :
I am holding, everything about this stock says it should be going up.
Posted by worthashot on :
Bid .0061 Ask .01
Posted by Squire38 on :
quote:Originally posted by worthashot: Bid .0061 Ask .01
Very strange stuff. 5000 shares took out the ask at 0.007 and it jump to 0.01.
I think earlier a 5000 buy dropped the bid and ask. Seem like a 2 year old was playing with the MMs' computers or something. Maybe they hired a village idiot, anyway, IMO it was MM manipulation at its finest.
Posted by worthashot on :
Volume was up over 1000% today, IVGA was #7 most active. Once the MMs are done playing around this thing should make some nice gains.
HELLO, THERE IS A PR AFTER HOURS TODAY!
Posted by BuyTex on :
HELLO!
Thanks for the link!
Posted by 10of13 on :
IGIA Announces Annual Financial Results; Revenue up 125%; Tactica Plan Effective
June 15, 2006 17:32:01 (ET)
NEW YORK, Jun 15, 2006 (BUSINESS WIRE) -- IGIA, INC., (IGAI, Trade), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today its financial results for fiscal year ended February 28, 2006. IGIA reported revenues of $25,532,151 for fiscal year ended February 28, 2006; a 125.5% increase compared to $11,324,450 in revenues for fiscal year ended February 28, 2005. Gross profit for fiscal 2006 was $16,163,879 or a 63.3% gross margin, compared to a fiscal 2005 loss of $234,146 or a (2.1%) gross loss.
Revenue was $12,795,116 for the six months ended February 28, 2006, which was the period that IGIA began using funds raised from a $3,000,000 financing, compared to revenue of $2,752,467 for the six months ended February 28, 2005. Gross profit was $3,827,085 the six months ended February 28, 2006, compared to a gross loss of $7,147,201 for the six months ended February 28, 2005.
Increased revenue and gross profit reflect IGIA's focus on selling its products directly to consumers through responses to its television infomercials. IGIA significantly increased purchases of television advertising to generate the fiscal 2006 results. IGIA aired product infomercials on major television networks and cable stations nationwide, including CNBC, USA Network, COURT TV, SCI FI Channel and TV Guide Channel, achieving potential viewership at times exceeding 89 million households. Media advertising expense for fiscal 2006 was $11,178,572, compared to $613,867 for fiscal 2005.
For fiscal 2006, IGIA's net loss was $17,158,737 or $0.92 per share, compared to $16,197,364 or $0.90 per share in fiscal 2005. Contributing to IGIA's fiscal 2006 loss was charges of $10,186,135 or $0.55 per share, consisting of a $6,549,037 non-cash charge for financing activities and a $3,637,098 charge for reorganizing operations of our subsidiary, Tactica International, Inc., under a reorganization plan that became effective on March 28, 2006.
Avi Sivan, CEO of IGIA, Inc., stated, "We are pleased to be focusing on direct response sales, the foundation of our business, and view our future with renewed optimism. Looking forward, we see opportunities internationally to leverage our product lines in proven markets where we were successful in the past."
About IGIA
IGIA, Inc., through its wholly-owned subsidiaries Tactica International, Inc., Shopflash, Inc. and Kleenfast, Inc., is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA(R), Milinex, Wind Storm(TM) and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com. Posted by will on :
Shoulda, Woulda, Coulda, bought more at .007 today, but I did sleep at a Holiday Inn Express last night, and bought more at .0083 on Wednesday !
YES !!!!!
Posted by 10of13 on :
quote:Originally posted by will: Shoulda, Woulda, Coulda, bought more at .007 today, but I did sleep at a Holiday Inn Express last night, and bought more at .0083 on Wednesday !
YES !!!!!
LMAO!
Posted by money 76 on :
this stock will ride to 0.015 for sure in the morning
ask is 0.01 it will be difficult to get in this stock coz after the opening this stock will reach 0.013
Posted by kidpolio on :
Looking for an explosion here in the morning. Lots of folks gonna be chasin this one.
Posted by JimSC on :
quote:Originally posted by money 76: this stock will ride to 0.015 for sure in the morning
ask is 0.01 it will be difficult to get in this stock coz after the opening this stock will reach 0.013
The B/A is currently .0061/.01, if the spread remains this high the news will not have any effect. This news simply summarizes the 10K that was out Tuesday after the close. Looking at Wednesday's volume IMO our only hope for upward movement is the spread of the news to attract attention/volume and squeeze the spread.
Posted by JimSC on :
Last run in Sept. 2005 lasted for 2 weeks, it hit the high of 0.15. Check the chart out. Make sure you have a good exit plan and take profits at 3 to 5 levels. The MMs will run it sooner or later, they just try to get more cheap shares at bottom. Yesterday's sellers were the victims of 8K filing, as explained by Will that there will be no immediate impact on pps. The MMs took advantage of the confusing and pulled the pps down to collect cheap shares from stop-loss orders and panic sellers. Thanks to Will's suggestion -- just get more when the MMs take down the pps, I got to add more cheap shares, too. MMs can not play their tricks on IGAI anymore, the investors will find out her true potential.
Posted by Squire38 on :
Definately looks ready to go. Almost 10% of daily volume during MMs "pre-market".
Posted by Squire38 on :
It reminds me of February whne it ran to 4 cents twice.
Posted by Jason0321 on :
Im in.
Posted by Jason0321 on :
.012!!!! love it
Posted by Squire38 on :
Looks like 0.012 will fall easily (knock on wood).
Posted by JimSC on :
UP 70% with huge volume. Don't get scared if there is a pull-back -- the MMs will play a few final tricks to get more cheap shares. In two weeks IGAI will reach her promised land. Please see the chart of Sept. 2005 and you will know the MMs' tricks -- many pull-backs, because they need more cheap shares.
Posted by Jason0321 on :
needs to break 13. that's the 50MA. then we roll!!
Posted by Squire38 on :
quote:Originally posted by Jason0321: .012!!!! love it
2 MMs were taken out at 0.012 with 5000 shares each. Awesome!
Posted by BULListic on :
There's .013, come on JimSC, crack that whip!
Posted by Jason0321 on :
we get above 14 and we could see 19 today!!
Posted by Squire38 on :
Holy 14s!!!
Posted by Squire38 on :
Big money coming in at 0.0145.
Posted by tonicma on :
Nice, I selling half my holding now Up 100%
Who wnats them.
Posted by BULListic on :
145x150....ten more minutes to .02 Posted by 10of13 on :
Whoo hooo!!! let's go baby!!
Posted by tonicma on :
got partial sell at 0.015.
Still some left, who wants some
Posted by tonicma on :
I still have some at0.015, Take it out please.
Posted by Jason0321 on :
we are going to see 19 today if we can keep the buying pressure up
Take the sell orders off.....lol
Posted by JimSC on :
Hi, Bull. You were right that last run failed because the 10K news did not reach Yahoo. What's your guess on the fair pps, based on gross annual profit of 16M$ with O/S of 52 million shares? Now, the MMs got tons of cheap shares, they will pump it as hard as they can.
Posted by Jason0321 on :
MAN QUIT SELLING ON THE BID!!!! I HATE THAT.
Posted by 10of13 on :
The last time this ran..it ran for about 3 days...I have quite a ways to go before I am going to sell my shares!
Posted by tonicma on :
Too late cancelled my other parital sell now.
Posted by Squire38 on :
I wonder, if/when, and where they are going to do the shake.
Posted by Morphiuzzz on :
This is great. i got in yesterday at .011. How high you guys think this will go? In other words when should I sell?
Posted by Squire38 on :
Volume is nuts!
Posted by Squire38 on :
quote:Originally posted by Morphiuzzz: This is great. i got in yesterday at .011. How high you guys think this will go? In other words when should I sell?
Review the chart, and take a stab. Nothing but clear blue sky for me though.
Posted by Jason0321 on :
quote:Originally posted by Squire38: Volume is nuts!
I was just about to say that!!!!
Posted by tonicma on :
ALright, my partial that was not selled is now going for 2 cents.
who want sthem
Posted by Jason0321 on :
17!!!!!!!!
Posted by buckstalker on :
You would make a terrible poker player...
quote:Originally posted by tonicma: ALright, my partial that was not selled is now going for 2 cents.
who want sthem
Posted by tonicma on :
YEap, watch the shake now.l probably gonna fill gap between 0.015 and 0.017, BUYBUYBUTY
Posted by kt325ci on :
The stock is looking awesome today. I picked up some at .011 sold at .0145 and though it would dip but didn't and had to buy them back at .015.
This should see .02+ easy today with this kind of volume.
52,014,044 shares issued and outstanding as of June 9, 2006 Posted by Morphiuzzz on :
Squire,
I am thinking .20 since thats the 52 weeks high. what are your thoughts?
Posted by Squire38 on :
quote:Originally posted by tonicma: ALright, my partial that was not selled is now going for 2 cents.
who want sthem
Your cheap! I've been on free shares for a month or 2, and your not even at half of my 1st sell point.
Posted by Jason0321 on :
we got 13M traded. thats incredible
Posted by edgewise on :
well.. i feel foolish with this one.. i sold earlier for a 20 dollar profit at .01.. if i would have waited and sold now at .0165, that would be an extra 650 bucks for me..
but after having this stock as a major loss for so long, i was over-eager to get out.
and i also sold off some other that i had bought at .0169 for a loss at .014.. that's the one i feel more foolish about.. but whatever..
i'm proud of this stock.. congrats to everyone remaining in it!
Posted by tonicma on :
Squire38,
good for you, you are on free shares
Trying to get there too and holding for $1.
Posted by JimSC on :
Great job, tonicma. Review the chart and you may raise your profit again. LOL
-- Do your DD, this is a gamble.
Posted by BULListic on :
Current market cap, even after this 100%+ run is only $754,000 Yahoo has them valued at $1.62M, so just by that comparison, you get a fair value of $0.0312. Of course pennies don't trade in that real world stuff.
Ronny Popiel and the boys over at Ronco have a market cap of $4.7M on about 2.5 times more sales. They trade at $2.25, but only have about 2M shares o/s. So to get to that valuation, IGAI should be trading at around $.09.
So today, $.02, out a little bit, $.09
Now, back to crakin' that whip Posted by 10of13 on :
This is the only dip we are going to get before .02..IMHO...
Posted by Squire38 on :
quote:Originally posted by 10of13: This is the only dip we are going to get before .02..IMHO...
Quick dip, I blinked, lol.
Posted by maumee river rat on :
Hey 10!!! You better get over to the other board and slap amswap around...
Sorry for the interuption gang..
Posted by SincereX13 on :
wow what a surprise to wake up to! I always invisioned that this baby would just take off all of a sudden and look what happens just when I think it is going nowhere. Lets hope it continues to run!
Posted by JimSC on :
quote:Originally posted by BULListic: Current market cap, even after this 100%+ run is only $754,000 Yahoo has them valued at $1.62M, so just by that comparison, you get a fair value of $0.0312. Of course pennies don't trade in that real world stuff.
Ronny Popiel and the boys over at Ronco have a market cap of $4.7M on about 2.5 times more sales. They trade at $2.25, but only have about 2M shares o/s. So to get to that valuation, IGAI should be trading at around $.09.
So today, $.02, out a little bit, $.09
Now, back to crakin' that whip
Thanks, Bull. I will take 0.045 as the last of my 4 exit points.
-- Do your DD, this is a gamble.
Posted by subbywrx on :
Get it now while it's cheap!
Posted by Jason0321 on :
volume on this stock is just stupid high. Im so glad i found this today.
Posted by kt325ci on :
I've got a buy order in at .0161 and ask at .016. ETRD just lowered the ask to .0155 and I'm still not getting filled. Very odd.
Posted by 10of13 on :
quote:Originally posted by kt325ci: I've got a buy order in at .0161 and ask at .016. ETRD just lowered the ask to .0155 and I'm still not getting filled. Very odd.
Don't use the all or none...it will take forever...
Posted by SincereX13 on :
The mm's manipulate bid x ask on this stock like crazy, really don't know why but it can be interesting to watch.
Posted by kt325ci on :
I wasn't using AON. I ended up getting 3 partials
1 at .0155 1 at .016 1 at .0155
keep in mind my buy price was at .0161 so they could of given me all my shares at .016 but they don't want this to run yet.
Posted by Jason0321 on :
good intel KT.
Posted by Squire38 on :
quote:Originally posted by kt325ci: I've got a buy order in at .0161 and ask at .016. ETRD just lowered the ask to .0155 and I'm still not getting filled. Very odd.
kt, this stock has always been that way. Many months back the b/a would be 0.018/0.019 and we could not buy at 2 cents.
Posted by 10of13 on :
quote:Originally posted by kt325ci: I wasn't using AON. I ended up getting 3 partials
1 at .0155 1 at .016 1 at .0155
keep in mind my buy price was at .0161 so they could of given me all my shares at .016 but they don't want this to run yet.
Cool...now you're in and we can cheer this more...
Posted by kt325ci on :
That dip wasn't real either. I tried to get 200K at .014, got a 5K partial then they bumped the ask back up.
Posted by 10of13 on :
If you look at the chart...the last time this ran it took around 3-5 days...
And kt..yeah they "screw" with this stock and our order filling all the time...
Posted by portman on :
Ok, I am showing my newbieness here....
Did KT get different pricing each time because of a market order to buy?
Posted by w00dr0w6 on :
well that's one heck of a drop there .014 down to .0103
Posted by subbywrx on :
looks like someone made a type-o
Posted by Morphiuzzz on :
Why is this dropping?
Posted by Squire38 on :
quote:Originally posted by w00dr0w6: well that's one heck of a drop there .014 down to .0103
That is most probably a buy the MMs just posted, a trick, maybe?
Posted by buckstalker on :
I don't think that a 94% increase is considered "dropping"
quote:Originally posted by Morphiuzzz: Why is this dropping?
Posted by 10of13 on :
quote:Originally posted by portman: Ok, I am showing my newbieness here....
Did KT get different pricing each time because of a market order to buy?
No..it's just the way that the MM's filled her order...sometimes when you place a "limit" order you will get filled in partials...let's say you order 100 at .01..you might get 50 at .01, 25 at .009 and 25 at .011...added together it equals you order..or at least very close...
Posted by 10of13 on :
Ok..it's break time...and with the "quick" increase it's going to take a little for it to get movin' again...this has already gone up nearly 100% today..and I am sure that people are takin' their profits...
In February it went from .009-.045...I am hopin' that this will go even higher than the last time...
Break .02..and we are goin' to flippin fly...IMO!
Posted by subbywrx on :
Just getting ready for its run IMO...
Posted by kt325ci on :
mm's lining up at .02
2x.015 1x.016 1x.019 5x.02
Posted by maumee river rat on :
Where did you get in at 10
Posted by subbywrx on :
and .025
Posted by SincereX13 on :
with marginal buying pressure it looks like we could easily get to .02
Posted by JimSC on :
quote:Originally posted by Squire38:
quote:Originally posted by w00dr0w6: well that's one heck of a drop there .014 down to .0103
That is most probably a buy the MMs just posted, a trick, maybe?
That is an AON sell-order for 700K. So break down your sell-orders in segments of 60K or less, otherwise it will pull back the pps by several ticks. The MMs might even do a big shake just for your order and force you to reduce your Ask price. Remember that we are competing with the MMs and they always win the game.
Posted by 10of13 on :
I mostly have free shares..but I bought today at .01 and .013...
Posted by Squire38 on :
quote:Originally posted by JimSC:
quote:Originally posted by Squire38:
quote:Originally posted by w00dr0w6: well that's one heck of a drop there .014 down to .0103
That is most probably a buy the MMs just posted, a trick, maybe?
That is an AON sell-order for 700K. So break down your sell-orders in segments of 60K or less, otherwise it will pull back the pps by several ticks. The MMs might even do a big shake and force you to reduce your Ask price.
Interesting. Thanks!
Posted by SincereX13 on :
It would be intereting if we traded near the entire O/S today... volume would need to pick up after lunch but it is not out of the question
Posted by JimSC on :
Today's volume and pps movement of IGAI will get a lot of attention for next Monday.
Posted by SincereX13 on :
JimSC your are the man!!! Thanks for getting me in this puppy!
Posted by JimSC on :
Hi, SincereX13. It's your gamble -- I just show you the table is available.
Posted by kt325ci on :
The stock sure is holding up very well here in the .014-.015 range
Posted by subbywrx on :
MMs are upping the bid little by little but no one is byting on it! Keep it up!
Posted by subbywrx on :
we have MMs at .035 now as well....interesting.
Posted by Superbee383 on :
I'd sure like to see us reach .035. Hopefully this runs for a few days this time!! I think it will. The price seems to be holding up pretty well.
Posted by 10of13 on :
Seems Arca "controls" this one.."he" has more shares than all of them combined...I am confused (but glad) he hasn't stepped in to "off load any of them...he is sitting at the .04...
Posted by buckstalker on :
10...how did you come to this conclusion?
quote:Originally posted by 10of13: Seems Arca "controls" this one.."he" has more shares than all of them combined...I am confused (but glad) he hasn't stepped in to "off load any of them...he is sitting at the .04...
Posted by 10of13 on :
Watching over the passed few months...every time he would step in.."he" would take it "down or up..."he" would sit on the bid with about 200-400 at a time...seldom did I notice "him" sell any...watch if it starts to "go down He will "pop" in with a large number...to stop the drop...and then if it starts to go up..he will "pop" up from the .04 with a large number...I could be wrong...but it is how i was seeing it...
Posted by Madge on :
Looks like it time for a lunch break...then dessert time!
Posted by 10of13 on :
quote:Originally posted by Madge: Looks like it time for a lunch break...then dessert time!
Lookin' forward to that DESSERT!!!
Hopin to go over that .02...and Monday....035...
Rest for now IGAI...and gather your steam....you have some work to do...!
Posted by MoneyMoneyMoney on :
Yea!!! I love coming home to green! I knew it would happen, just as Jim and will have said with MANY others.
I like it, I love it, I want some more of it. Go IGAI!!!
great chart should run eod
Posted by worthashot on :
Hopefully after the Friday afternoon profit taking is finished we will see a gapper Monday morning.
Posted by Jason0321 on :
Come on....lets go....im board. the afternoon is slooooow.
Posted by Jason0321 on :
this is painful to watch. didnt hit my first sell mark, and now things are getting ugly
Posted by Squire38 on :
I think here is the dip we were waiting on.
Posted by Jason0321 on :
I thought we would dip over the lunch hour, then move up over the afternoon. oh well, im not going anywhere until we hit at least 2 so ill wait it out.
Posted by MoneyMoneyMoney on :
yes, I think so to Squire.
L2's
.012 X 3 .0135 X 1 .019 X 1 .02 X 4 .025 X 2 .035 X 3
Once the buys start coming again we go.
Posted by Jason0321 on :
dude WTF! lets go! im tired of the sells on the bid. STOP! ok, im better now. thanks.
Posted by buckstalker on :
DUMB.......
Posted by Squire38 on :
Looks like the buys are starting to come back.
Posted by MoneyMoneyMoney on :
Halftime is over! Get em on the floor and pull out the cash. I enjoy a good gamble hehe.
Posted by Jason0321 on :
this is just sad. what happened. suck*!
Posted by subbywrx on :
scared people
Posted by SincereX13 on :
yeh pretty crappy... hopefully it rebounds a bit heading into the bell and we have another strong day on Monday
Posted by 10of13 on :
I am hopin' for a strong day on Monday..maybe into Tuesday...MM's have screwed with this so much people are scared...
Hope...they keep movin' it up!
Posted by Jason0321 on :
if people would quit feekin out, there would be no problem and we would all make more money. Idiots.
Posted by kt325ci on :
I'm out for loss and dumped it all into BKMP. Good luck guys.
Posted by Squire38 on :
Look at the ask, only 4 MMs between here and 0.019.
Posted by worthashot on :
Many people don't like to hold stocks for the weekend. Today's news was great, this price is a bargain, next week should be good.
Posted by djg7 on :
NITE has a strong hold on this one.
Posted by subbywrx on :
This thing traded more shares today than it did combined from 2004 till yesterday!
Posted by MoneyMoneyMoney on :
quote:Originally posted by JimSC: Today's volume and pps movement of IGAI will get a lot of attention for next Monday.
I'm still in and been holding a long time. The MM's are going to have to pay me good money for my time!!!
IMO MM's trying to get the rest of what they can before letting this puppy go.
Posted by subbywrx on :
uhh huh
Posted by JimSC on :
MoneyMM, you got it right. The MMs are collecting the shares at bottom for next week's big run -- the more they collect, the bigger run we will get -- so I like them to get more. To get a big bottom bouce next week, they should bring the pps down to 0.011 -- this will attract millions of buyers. I have studied a lot of charts, all big runs must have big corrections and must start with deep bottoms. IGAI is in good hands. Just watch and study the charts.
Have a nice weekend.
[ June 16, 2006, 15:37: Message edited by: JimSC ]
Posted by 10of13 on :
Let's hope we stay above the .01...for the close...
Posted by Jason0321 on :
we hit .011 so quick this morning, i dont think we will drop below that. We may even see a rally at he EOD as folks cover.
Posted by Squire38 on :
Man the ask is so thin.
Posted by Jason0321 on :
well there goes my theory
Posted by subbywrx on :
but no buyers
Posted by subbywrx on :
this will look great at .03 next week.
Posted by subbywrx on :
up 57%....can't be disappointed with that at all!
Posted by 10of13 on :
Cool I think that it is going to stay above .01...!!! See you all next week..I hope we have a great weekend and a flyin' Monday!
Posted by SincereX13 on :
Studying the chart, this might just gap up to 0.015.
Posted by Jason0321 on :
no gap today.
Posted by Squire38 on :
Mine is showing a 10% gap up. MCT showing close of .01 on Friday and 0.011 open today.
Posted by 10of13 on :
quote:Originally posted by Squire38: Mine is showing a 10% gap up. MCT showing close of .01 on Friday and 0.011 open today.
Mine also....let's make this puppy move...
Posted by w00dr0w6 on :
need to turn this thing back north...not the greatest of starts today, dang mondays
Posted by Jason0321 on :
And we go to .009....will we see .008? I think so!
Posted by w00dr0w6 on :
thinking i might leave for the day and hope for some better scenery when i get back this afternoon, GLTA!!
Posted by Jason0321 on :
I think its alright. Looking at the chart, we should close green today.
Posted by Jason0321 on :
They are just mirror trading this right now. JimSC are you around? What are your thoughts?
Posted by JimSC on :
Hi, Jason. No need to worry. The MMs just walked down to pick up the stop-loss orders under 0.01. I got to add 42K at 0.009, too. Because the 8K filing did scare a lot of people, so this run will be much slower than I had expected.
[ June 19, 2006, 10:52: Message edited by: JimSC ]
Posted by ruskin_muskin on :
that was my 50K addition Posted by 10of13 on :
This is the only one that isn't green for me today...and the only one that actually should be...go figure!
Posted by 10of13 on :
Squire...how long are you gonna give this? I can't decide...I'm leaning on Friday...
Posted by Squire38 on :
quote:Originally posted by 10of13: Squire...how long are you gonna give this? I can't decide...I'm leaning on Friday...
Riding free, so I don't really care. I have 4 sell points locked in. The MMs, one day, will hit them. Since I look at all trade "thrown away" money, it doesn't bother me to bad. I flip until I get my capital back, maybe even add more shares than I started with, then I put in my sell points, and walk away. I still check on it, but I don't worry about it too much.
I did sell some at 15 on Friday since I ran way too fast, IMO. Looking to re-buy the same amount of shares, and pocket the change. I doubt the MMs will play along, since they have been knocking the PPs down with $45 and $40 trade blocks.
Posted by 10of13 on :
quote:Originally posted by Squire38:
quote:Originally posted by 10of13: Squire...how long are you gonna give this? I can't decide...I'm leaning on Friday...
Riding free, so I don't really care. I have 4 sell points locked in. The MMs, one day, will hit them. Since I look at all trade "thrown away" money, it doesn't bother me to bad. I flip until I get my capital back, maybe even add more shares than I started with, then I put in my sell points, and walk away. I still check on it, but I don't worry about it too much.
I did sell some at 15 on Friday since I ran way too fast, IMO. Looking to re-buy the same amount of shares, and pocket the change. I doubt the MMs will play along, since they have been knocking the PPs down with $45 and $40 trade blocks.
Agree for the most part...and yeah the free shares are nice...but I am to the point of "selling" now and taking the "profits" from the free shares...grabbing some other stocks and making $ off of that...until this goes above .02...i think .02 will be the point that this begins to move...good...
i don't know...just thinkin' outloud...
Posted by Morphiuzzz on :
I should have sold mine on Friday. I thought this was gonna run for atleast a couple more days
Posted by Upward Trend on :
Would Coulda Shoulda????
I wonder if my dear friend got out? did you get out Queenie?
Posted by ruskin_muskin on :
200,000.. buy?? can anyone confirm??
Posted by BULListic on :
Yep, it was real.
Posted by ruskin_muskin on :
hmm .. looks like MMs might finally let it go instead of bringing it down with $45 and $50 sales..
Posted by 10of13 on :
Just another FYI...i had a small sell oreder in at .0089...they jumped and grabbed them...very curious as to why this happens at the end of the day...HMMMM...gotta wonder...
Posted by w00dr0w6 on :
i took the day away from the computer hoping for some good scenery when i got home...can't say as though it happened. i'll be away all day tomorrow, miss the opening bell, may catch the closing, hope i do. GLTA tomorrow, lets continue that climb we started making friday!!
Posted by money 76 on :
this stock is waiting for one huge run
mms are collecting every share possible.
this stock can run with very big surprisesi see this stock at 0.10 within no time
wait and watch.
Posted by Steam_Ahead on :
quote:Originally posted by 10of13: Just another FYI...i had a small sell oreder in at .0089...they jumped and grabbed them...very curious as to why this happens at the end of the day...HMMMM...gotta wonder...
I know as soon as ATVE makes me 50% (or was it FMNJ - or GGTS or UPDA) - it's going right back into IGAI --- haha,,, And if this still goes down I'll buy some more and again and again ----
Interesting observation 10of13 ---
Posted by Squire38 on :
Well, I figured out my four sell points, I'll be back on the thread once we start a run. I may flip my free shares to pocket some moeny, but will concentrate my efforts elsewhere. GLTA and hope to see everyone once the run really happens.
Posted by Steam_Ahead on :
As Jim and Will have said over and over -- (more Jim I'd say),, the MM's are trying to break us like a bucking bronco --- looks like they've won this one ----
I remember when I first got into this gut wrenching game and AXIG played the same game ---take a look at what it did mid February --- Hey - that one looks ready again :-)
Posted by Squire38 on :
I should clarify, I have now more shares than I started. I have flipped from time to time to get all my capital out, plus some, and buy extra shares along the way. I find it best for me to not moan and graon over the MMs games. My shares are for sale, just the MMs need to come up to my level to get them.
Posted by Steam_Ahead on :
well done Squire -- could you come up here to the sunny northeast and teach me how to play free shares? :-) then again 10of13 has been beating me up on that issue for some time now ----
Posted by Squire38 on :
10, beat me to frees share by at least a month. I took a few small loses, but overall I finally got them. Once I did though, I was more apt to get extra shares and money in the pocket.
Posted by 10of13 on :
It was "fairly easy" to get the "free shares" when the PPS was going from about .015-.022...but now that they have brought it down so much...and "their" games are more fierce..I find it difficult...if not impossible...
And Squire...it doesn't matter when we got them...the point is..we got em... Posted by Squire38 on :
quote:Originally posted by 10of13: And Squire...it doesn't matter when we got them...the point is..we got em...
Posted by Steam_Ahead on :
I love you guys -- Go Edmonton!!!!
Posted by ruskin_muskin on :
financials released!!!!!!!
Posted by cool running on :
Some on this thread will tell you they're excellent.
Posted by cool running on :
Anyone check out the bid? .0062
Posted by subbywrx on :
I see that...no ones biting yet though. They'd have to be nuts. MMs want shares for sure!
Posted by cool running on :
I totaly agree with you subbywrx. I think they're hoping someone will put a sell order in for something in between the spread so they can suck them up.
Posted by ruskin_muskin on :
yeah watching it.. pure mm manipulation!!!!!
Posted by cool running on :
I just hope nobody bites, but I'm sure some mm will execute a trade out there to bring the price down. Which, I'm sure will cause someone to panic and sell.
Posted by BULListic on :
My L2 at Scottrade shows ETRD at 83 on the bid, and DOMS at 75 on the ask. I've refreshed it and the 83 stays there....but other sources say the bid is 62.
Posted by ruskin_muskin on :
bxa 62x75
Posted by buckstalker on :
I just upped the bid to .0063
Posted by buckstalker on :
MM's are fishin for shares here...ARCA just upped my bid...
Posted by buckstalker on :
Back at ya ARCA
Posted by money 76 on :
check the eod guys it will be exciting finish
mms have collected maximum
now its time to make this run
Posted by ruskin_muskin on :
yeah thats what I was seeing too.. all we need is little buying pressure!!!
Posted by Stock_Feign on :
wow finaly someone decided to get 5k after an hour ?.... lol
Posted by ruskin_muskin on :
lol..and they are following it up with more Posted by JimSC on :
It looks like the MMs got a big plan for IGAI, and they need tons of cheap shares. They may just walk up and down between 0.009 and 0.0065 to get more shares for the next few days. BTW. Last run failed because the MMs did not have enough shares. So a big pr will not work, unless the MMs are ready.
-- Do your DD, it's a gamble.
Posted by Stock_Feign on :
the price its at right isnt that bad to get in lemme go check my settled funds Posted by ruskin_muskin on :
i think they are finally letting this one go .. collected lot of cheap stuff from 0.009 to 0.0065.. little more buying pressure and BOOOM!!!!
BxA 0.007x0.008
Posted by Stock_Feign on :
quote:Originally posted by ruskin_muskin: i think they are finally letting this one go .. collected lot of cheap stuff from 0.009 to 0.0065.. little more buying pressure and BOOOM!!!!
BxA 0.007x0.008
wat did u average on this one Posted by ruskin_muskin on :
0.009
Posted by Stock_Feign on :
we are playing post tag here or wat ? lol i am going to get in this soon, today!
Posted by Upward Trend on :
is it me or is this thing screaming: "BUY ME BUY ME"
doesn't it know I won't have money until next week? :-)
Posted by cool running on :
Hey money76, this is about as exciting as watching grass grow. How about it let's go!
Posted by money 76 on :
tomm should be an exciting day for this stock
anymoment this will run
u will see 0.10 in few days
Posted by ruskin_muskin on :
quote:Originally posted by money 76: tomm should be an exciting day for this stock
anymoment this will run
u will see 0.10 in few days
you mean months right.. come next quarter.. if these projections continue. then it will be able to significantly reduce losses. right now at 0.0075 and stuff, its worthless, but revenue structure is impressive, although they need to go through costly media based promotions. they need to get more through online access stuff too like podcast ads.. well. lets see.. I will hold this till next quarter. might flip once in a while but 2 months is not that far. come august new financials shall be released!
Posted by Schwabie on :
News Story
IGIA Announces Launch of Instant Cover(TM) Product under Flagship IGIA(R) Personal Care Line 5:39 PM EDT June 20, 2006 IGIA, INC., (OTC: IGAI), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today it is launching a direct sales campaign to sell Instant Cover(TM) worldwide, a cosmetic product branded under the flagship IGIA line of personal care products. The Company plans to market and sell Instant Cover directly to consumers through airings of its 28-minute television infomercial and Internet media, including its www.instant-cover.com website. IGIA also announced the start of Instant Cover product shipments to licensed direct marketers in European markets.
Instant Cover is hypoallergenic cosmetic cover make up that conceals skin blemishes; acne, age spots, birthmarks, blotches, dark eye circles, varicose veins, tattoos and more. Simple to use, Instant Cover matches and blends with all skin tones and conceals without caking, drying skin or leaving a greasy residue. The unique skin camouflage application is water and smudge resistant and specially formulated to last until removed.
The Company's personal and home care products are targeted for nationwide mass market appeal, affordability and giving value to customers. With today's announcement, IGIA is reintroducing Instant Cover, a product that was extensively distributed and generated significant sales through the fiscal year ended February 28, 2005. The majority of IGIA's $25,532,151 in revenues for fiscal year ended February 28, 2006, which increased 125.5% over fiscal 2005, was generated from sales of vacuum cleaners and tile repair kits. The Company plans for Instant Cover to produce revenues within its line of personal care products, a line that contributed a portion of the fiscal 2006 revenues.
Avi Sivan, CEO of IGIA, Inc., stated, "Instant Cover is a proven product that we have successfully marketed in the past through direct response and major mass retailers. Worldwide consumer response and loyalty to our IGIA brand has been tremendous. We are excited to launch Instant Cover back into the marketplace and this time, thanks to our live streaming video technology, we can transmit our commercial demonstration online to our web audience."
About IGIA
IGIA, Inc., through its wholly-owned subsidiaries Tactica International, Inc., Shopflash, Inc. and Kleenfast, Inc., is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA(R) and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to adequately operate and resolve post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006; (b) whether IGIA will have adequate credit card activity processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: IGIA, Inc.
For IGIA, Inc. General Counsel: Paul Greenfield, 212-575-0500 x134
BusinessWire
Posted by worthashot on :
Great news, I am so happy to actually own this before the run, can't wait for tomorrow.
Posted by BULListic on :
I'd be happy with .015 again It's up to the MM's as usual. This is the first PR that is non-filing related in at least the last year, so things may be looking up.
quote:Originally posted by money 76: tomm should be an exciting day for this stock
anymoment this will run
u will see 0.10 in few days
Posted by ruskin_muskin on :
great news... glad i held onto my shares today.
Posted by money 76 on :
not months ruskin i mean days
wait and watch
tomm should be an exciting day
Posted by ruskin_muskin on :
"This is the first PR that is non-filing related in at least the last year, so things may be looking up."
lol. true though.. guess they thought the investors needed to know they were not just throwing in numbers but had significant productline and market for their products..
"wait and watch, tomm should be an exciting day"
i'm holding like i told you.. will try to hold until next quarterly results..
Posted by JimSC on :
Hi, RuskinM. You could be right. Next qurterly results should be excellent. A 200% improvement in gross profit is expected, and the MMs may let the major jump in pps to happen then, in the last week of July when 10Q is due. Good luck.
[ June 20, 2006, 18:31: Message edited by: JimSC ]
Posted by JimSC on :
IGAI's Instant-Cover products will be an instant success for the company and it's stock. Cheers to all share holders.
Posted by worthashot on :
Anyone have targets on this?
Posted by money 76 on :
0.10
Posted by cool running on :
money 76, I hope you're right on this one, this would be great, then I could go to the Caymans and swim with the rays! Posted by 10of13 on :
quote:Originally posted by worthashot: Anyone have targets on this?
I have 3 sell points...the first one is .03...and the others are higher...
Posted by Squire38 on :
quote:Originally posted by 10of13:
quote:Originally posted by worthashot: Anyone have targets on this?
I have 3 sell points...the first one is .03...and the others are higher...
I am pretty close with 10of13. I have 4 sell points though. My last one is pretty fat though ~ 0.15 area.
Posted by renrob05 on :
i like the news...will be buying in the morn
Posted by MoneyMoneyMoney on :
I picked up 60k X .0079 today. I was excited about that buy, especially since IGAI's time is coming. Those are big numbers in their PR's!!
GO IGAI!!!
Posted by money 76 on :
look at the charts i am surprised to see the stock back to 0.0065 .
this has a very big potential
Posted by will on :
Everyone appears to be happy again.
Posted by 10of13 on :
quote:Originally posted by will: Everyone appears to be happy again.
Give it a minute...it'll change... Posted by money 76 on :
change for better profits
dont u agree
Posted by 10of13 on :
quote:Originally posted by money 76: change for better profits
dont u agree
Hopin' Posted by ruskin_muskin on :
quote:Originally posted by 10of13: Give it a minute...it'll change... [/QB]
lol.. i hope it changes to overjoyed ... i have around 70K in this right now. such a low floater.. moves real fast.. be it up or down. Jim, I agree with you. MM's have to let this go. the company has undergone major restructuring and because of that incurred huge loss, which shall not show up by next financials and as profits increase, so will the price of companies common stock.
Posted by Squire38 on :
quote:Originally posted by ruskin_muskin: the company has undergone major restructuring and because of that incurred huge loss, which shall not show up by next financials
???
Are you refering to Tactica?
Posted by ruskin_muskin on :
quote:Originally posted by Squire38: Are you refering to Tactica? [/QB]
Yes. its a subsidary of igai. moreover, igai also has secured financing recently with convertables due five years from 2006. money in hand, gross profitability, Y/Y increase in revenues of 125%, and it only gets better with introduction of new products into their distribution arena..
Posted by JimSC on :
0.0085 -- up 13%.
0.007 X 0.0085
Posted by worthashot on :
I was expecting this to run after yesterday's pr.
Posted by JimSC on :
0.0062 X 0.007
Give the MMs a few more days to collect shares at the bottom level. As suggested by Will, grab more -- if the MMs are collecting.
BTW. One sell of 220K brought 0.0085 down to 0.0070 -- so break your orders in segments smaller than 60K. Many traders are trying to get a quick profit, so it may take a few more days to consolidate at this level.
[ June 21, 2006, 10:08: Message edited by: JimSC ]
Posted by cool running on :
Maybe that skin cover is crap and doesn't really work.
Posted by 10of13 on :
Arca is on the ask at .0063...he's taking it down...he'll get off in a while and go back to his .04 seat...
Posted by Squire38 on :
Ask is 11% BELOW the bid?? Crazy.
Posted by 10of13 on :
Arca went away...it was going up...now he's back...Can't decide if he is trying to stop the run or fill in the gaps...
Posted by The Phat Man on :
my girlfriend's an esthitician (facials/skin-care specialist) and she said she's never heard of the product, the company or anything it sells. she's been in the business for 5+ years. that's not to say she won't hear of it in the future if this company really gets their distro together, but as of now, it (according to her) isn't known of by retailers or sought after by the public in the current marketplace.
Posted by Squire38 on :
I usually don't wear make-up (except for some crazy nights in college), but even I have heard of Igia. They are not big in make-up stuff, my hairy ex-girlfriend had some of their hair removal stuff.
Posted by 10of13 on :
Squire...thanks for sharing on the college days..lol...
these guys don't distribute to the retailers...they are an on line and "as seen on tv"...that is their LOGO...
Posted by cool running on :
What do you guys think, more dilution? Seems like an awful lot of buying and little selling.
Posted by 10of13 on :
quote:Originally posted by cool running: What do you guys think, more dilution? Seems like an awful lot of buying and little selling.
No actually...I don't think that it is more dilution...they are done with that..(I think)...but I see mirror trades and I am thinking that allot of peeps are still loading up on the cheap shares...hopin' for the run...
Posted by ruskin_muskin on :
MM's covering gap maybe.. but there is no duobt it has a run written allover it today Posted by will on :
Patience now. .0062 / .0063 was a good buying opportunity.
Posted by cool running on :
quote:Originally posted by will: Patience now. .0062 / .0063 was a good buying opportunity.
It wouldn't take my order, was anyone able to get in at that price?
Posted by 10of13 on :
quote:Originally posted by cool running:
quote:Originally posted by will: Patience now. .0062 / .0063 was a good buying opportunity.
It wouldn't take my order, was anyone able to get in at that price?
I'm thinkin' it was MM's games...lokkin' to scare people into selling...if you weren't able to get any..chances are no one sold that low...
Posted by will on :
I filled at .0063, for a smigeon.
Posted by 10of13 on :
Arca went back to the .04...and the ask moves higher...
Posted by SincereX13 on :
Ask way above bid... bid slowly inching up by .0001 ticks. Wonder if they are trying to induce sellers? No doubt about the manipulation here, just wish I knew what all the manipulation was about?
Posted by 10of13 on :
I have a buy order in for .0065...I figure...if the MM's are going to play this game then so will I...buy at .0065...sell at .008...it's 20% a day...i can live with that until they let her go!
Ya gotta learn to work with whatcha got! Posted by money 76 on :
after pr stock showing red
its all manipulation big run ahead
Posted by ruskin_muskin on :
pure MM S^%$.. from 0.062 to 0.073... are they crapping us or what...
Posted by Squire38 on :
Here we go! Posted by SincereX13 on :
are we moving perhaps?
Posted by 10of13 on :
yes..and that dip down to .0062..it was fake...I had my order for .0065 in way before he dip..and they never even gave me a partial... but it appears to be movin'...so let's gooooo!!!!
Posted by JimSC on :
If they find a few sellers they will take it down to get them for cheap. Watch it.
Posted by 10of13 on :
IMO..if they don't let her go this week...I think there will be a big sell off next week...if not late Friday...
Posted by money 76 on :
should go higher eod
Posted by cool running on :
quote:Originally posted by money 76: should go higher eod
Should, but will it??
Posted by ruskin_muskin on :
quote:Originally posted by 10of13: IMO..if they don't let her go this week...I think there will be a big sell off next week...if not late Friday...
lol how much more selloff..its almost approaching oversold area!!!
Posted by 10of13 on :
ARCA...movin' back to the ask...taking it down...
Posted by cool running on :
quote:Originally posted by ruskin_muskin:
quote:Originally posted by 10of13: IMO..if they don't let her go this week...I think there will be a big sell off next week...if not late Friday...
lol how much more selloff..its almost approaching oversold area!!!
How do you base your assumption that this is almost oversold? Still learning how to gain wisdom from trading pennies.
Posted by ruskin_muskin on :
quote:Originally posted by cool running:
quote:Originally posted by ruskin_muskin:
quote:Originally posted by 10of13: IMO..if they don't let her go this week...I think there will be a big sell off next week...if not late Friday...
lol how much more selloff..its almost approaching oversold area!!!
How do you base your assumption that this is almost oversold? Still learning how to gain wisdom from trading pennies.
chart.. RSI around 40. if it is below 30 then it approaches oversold area!
Posted by cool running on :
OK, so it works the same as higher dollar stocks.
Posted by 10of13 on :
quote:Originally posted by cool running: OK, so it works the same as higher dollar stocks.
the charts are "read" the same..but I don't think that the pennies "always react" the same as the higher dollar stocks...
Posted by cool running on :
quote:Originally posted by 10of13:
quote:Originally posted by cool running: OK, so it works the same as higher dollar stocks.
the charts are "read" the same..but I don't think that the pennies "always react" the same as the higher dollar stocks...
That I have learned. I'm finding that watching MACD works fairly well.
Posted by 10of13 on :
quote:Originally posted by cool running:
quote:Originally posted by 10of13:
quote:Originally posted by cool running: OK, so it works the same as higher dollar stocks.
the charts are "read" the same..but I don't think that the pennies "always react" the same as the higher dollar stocks...
That I have learned. I'm finding that watching MACD works fairly well.
Of all the indicators...I use MACD most often...
I am sure that some will disagree with me...but these pennies are controlled by the MM's plain and simple...it's obvious in most all of the penny stocks that I have watched...
Posted by cool running on :
I use candles for high dollar stocks, but they sure don't work on these. I've seen dojis with confirmation on the next day and seen these things drop like a rock the next week. I wish there was something out there that could give us an edge.
Posted by 10of13 on :
Yes...others are having difficulties figuring it out also...
but the "charts" seem to work a little better in the winter months..i have know idea why...
Maybe the MM's play the charts, during the winter...short the stock and try to make up for it during the summer...???
Hell I don't know...right now..i am just trying to get 20% out of the stocks...that I can...
Posted by cool running on :
Uh Oh money 76, you called the EOD wrong again. I'm starting to think you're one of those MM's and you're tricking us. Posted by money 76 on :
hehe i am in the same boat like u guys
holding thousands of shares
i have started to collect from 0.014
but i am shocked stock showing red even after a pr.
may be mms know when this will run
Posted by ruskin_muskin on :
quote:Originally posted by money 76: may be mms know when this will run
good observation.. well i almost got an itch to sell it for loss today after seeing it drop.. crap.. this was only POS that was red in my portfolio today. and which was actually supposed to be green.. tomorrow is just another day.. i'll take it that when MM's allow this one to run, thats when i will sell it. till then..locked it inside the closet and lost the key!
Posted by 10of13 on :
They let it move north on 20000 in volume...when there is no attention on it...what jerks!!!
Posted by Stock_Feign on :
20k volume....hmm wtf
Posted by SincereX13 on :
Maybe a sign they are ready to let it go? Ha how many times have I thought this only to see a small trade bring it back down. Oh well, not going to get excited til we are at least back over .01
Posted by JimSC on :
After a few more days of consolidation at the bottom level, IGAI will run like SHCM, which runs without a PR today. They have the same pattern of accumulation history. Just hold your shares tight, the MMs will raise the pps to unload their inventory. IMO.
-- Do your DD, it's a gamble.
Posted by JimSC on :
Good News: All sellers at this level are almost gone. We got only a small sale of 11K shares this morning. It does not make sense for the MMs to hold IGAI at this level, if they could not collect any more shares. Just wait and see. Good luck.
Posted by Upward Trend on :
this is an edit IGAI -- I like Jim's comments on her --
Posted by Upward Trend on :
edit edit
Posted by 10of13 on :
Thanks for sharin' anyways Upward! LOL
Posted by MoneyMoneyMoney on :
I picked up 60k X .007
Little by little till I have around half mill or so and I'll be ready for the ride for the money.
Posted by ruskin_muskin on :
if there is a genuine bounce.. that should take it to 0.011 for sure. but we have to see if the bottom bounce is real.. or we keep becoming pawns in MM's hands!!!!
Posted by MoneyMoneyMoney on :
quote:Originally posted by ruskin_muskin: welcome aboard Money ...
I've had shares for quite some time now.
Sorry, I should have welcomed you aboard. You happen to come at a great time. Stocks cheap and fixing to blow.
Go IGAI!!!
Posted by ruskin_muskin on :
quote:Originally posted by MoneyMoneyMoney:
quote:Originally posted by ruskin_muskin: welcome aboard Money ...
I've had shares for quite some time now.
Sorry, I should have welcomed you aboard.
Go IGAI!!!
lol.
Posted by MoneyMoneyMoney on :
I think since Feb, right Jim?
Posted by money 76 on :
yeah the chart looks gr8 .
let me know folks how high could this stock reach . i mean by mid july
Posted by MoneyMoneyMoney on :
With the numbers they had there no way I'm letting them have cheap shares. Now they have to pay me and pay me well for my shares that I purchased cheap.
Good luck to all and always do your DD!
Posted by ruskin_muskin on :
I plan on holding it till next quarterly results. at some point, this sucker has to make his run Posted by JimSC on :
quote:Originally posted by ruskin_muskin: I plan on holding it till next quarterly results. at some point, this sucker has to make his run
Last year's 10Q wast out in the last week of July. I hope it will be the same for this year.
Posted by ruskin_muskin on :
hehe..saw some green for today ...
Posted by money 76 on :
yeah good to see some green today
i would love to see this stock perform next week
should reach atleast 0.015 next week .
would love to see a new pr monday morning .
mms have to let this stock run/
Posted by money 76 on :
phat man what do you think about this stock
let me know
Posted by 10of13 on :
quote:Originally posted by money 76: phat man what do you think about this stock
let me know
Money..does Phat Man even read this thread? You might want to PM him...
I for one am hopin' that this will go this week...It had a very small white candle for friday...and in the past...the stock has moved about 2 weeks after filings and PR's...
yes I am grasping here...
Posted by The Phat Man on :
imho, needs more volume and momo. could be a great play right now, but still a lot more risk than i'm willing to negotiate through at this point. i'm currently not in it but am keeping a close eye on it. it only did 914,611 shares on .007 PPS. that's only $6,402 all day. MMs might still working to accumulate at these levels so it MIGHT be a little bit before they let it run. definitely gonna need more solid PR either way. i posted recently on the igia topic regarding my girlfriend having been in skin care as an esthetician for years and having never once heard of their newest product "instant cover" or the company on the whole. if these guys could get a famous spokesperson and get their product onto QVC... now that would be another story. still waiting for something to make me go 'wow' jmho
Posted by 10of13 on :
OK..so he does read this thread...LOL...
Posted by will on :
IGAI: (6/26/06 7:15:01 PM)
IGIA Announces Newest Product Natural 100(TM) and TV Infomercial; Organic Swiss Formulated Cleaner; TV Infomercial Set for Launch via COMTEX
June 26, 2006
NEW YORK, Jun 26, 2006 (BUSINESS WIRE) --
IGIA, INC., (OTC: IGAI.OB), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today it is introducing and exclusively selling Natural 100(TM), a natural multi-purpose household surface cleaning product developed in Switzerland. IGIA plans to market and sell Natural 100(TM) directly to consumers using its newly created short-form television infomercial, Internet and print media, including its www.naturalonehundred.com website.
As part of IGIA's strategy to generate new product sales and replace mature product offerings, Natural 100(TM) extends IGIA's lines of home care products. To give Natural 100(TM) customers greater value, IGIA will extend a free offer for other Natural 100 cleaners and the opportunity to participate in a convenient continuity program to ensure customers have a steady supply of the everyday use Natural 100(TM) cleaning solution.
Avi Sivan, CEO of IGIA, Inc., stated, "We are pleased to introduce Natural 100(TM) to homes across America where customers want a new cleaning concept for a healthier environment. We have created a television show that presents the special qualities of Natural 100(TM). Thanks to our live streaming video technology, we can transmit our commercial demonstration online to our web audience. We see potential for Natural 100(TM) to quickly become our continuity sales leader and an item that could appear nationwide on store shelves next year."
More news..Seems rather ODD...IGAI hardly ever put out news...and now there are what 3 in 2 weeks...???
Posted by will on :
Beat ya, 10/13 !
Posted by will on :
They need a reason to run. Well, not really, but now they have one.
Posted by 10of13 on :
quote:Originally posted by will: They need a reason to run. Well, not really, but now they have one.
Yeah..well do "they" know that they are suppose to run? Seems the MM's have done so much accumilation on this one..that they forgot how to "put it in run mode"...
Here's hopin' this will get the ball rollin' !
Posted by will on :
Think about what you just said. "The MM's have done so much accumilation on this one..that they forgot how to "put it in run mode"... But how sweet it will be when they remember how to put it in run mode...and you better believe they haven't really forgotten how. I hear it's like riding a bike.
Posted by money 76 on :
its surprising 2 pr in almost a week
thats something igai never does.
company is doin the best in this qtr
this stock is very underrated 0.0062
should have been 0.04 or 0.05 imo
this pr hopefully will have a big run may be cross even my predictions
Posted by will on :
Doubt you will see a big run to .04 / .05 off this PR. Keep it realistic, feel fortunate and blessed if this news gives the PPS a double. On the other hand though, we do have to keep the low O/S of 52M in mind. A HUGE volume day, (25M+), could send it flying.
Posted by 10of13 on :
Will...If they let it go...it will be one heck of a sweet run...you've taught me much about the MM's accumilation...
And this will gooooo...
(get on the darn bike MM's !!!)
Posted by money 76 on :
Doubt you will see a big run to .04 / .05 off this PR. Keep it realistic, feel fortunate and blessed if this news gives the PPS a double. On the other hand though, we do have to keep the low O/S of 52M in mind. A HUGE volume day, (25M+), could send it flying.
i dont agree with u on this . this stock even after good financial year , 2 prs is much below the price when the financials came out
went up to 0.015 and fell back to 0.0062 . look at the past of this stock after 2 weeks of financials stock rises ( i mean a good rise )
Posted by will on :
So, you are predicting what?
.04 , .05 or .10 like you did in an earlier post.
If you see it pass .02 tomorrow it will be a miracle.
At best it will bump its head on .011, hang at .012, and not come close to seeing .02 tomorrow. It would take MEGA volume to move this past .02. On 6/16 it had 27M+ volume and hit .017 for a little more than 100%. This being the second news, and MAYBE the second run it will take that volume and more to surpass that .017.
You may disagree all you like, but tomorrow will see if .015 is closer to reality than .04 , .05 , or .10.
Posted by JimSC on :
Last run was aborted by the MMs, because they wanted more shares at the bottom level. 27 M shares were trapped between 0.008 to 0.015. Many day traders expected it to run, and when the MMs decided to abort it, they gave up their shares for little or no profit; some even took a loss. The MMs did this to CLBE at least 5 times in last two months. So it totally depends on the MMs. They will never forget a run, but they want to maximize their profit by collecting as many cheap shares as possible. I will give it 70% of chance that they will let it go this time, based on the low volume of the past two days. It means most sellers are gone. However, the MMs can always create a fake run and trap millions of shares. Just be prepared. I am prepared to give those MMs 18 more months. By that time IGAI will make so much profit and the CEO will be so mad that he decides to buyback 40 million shares at 1.00/share, and the MMs will lose a chance to make a big run. In the mean time I will just keep on collecting my cheap shares, too. LOL.
[ June 26, 2006, 21:02: Message edited by: JimSC ]
Posted by will on :
I have all the time in the world. With free shares and my last purchase at .0063. I am averaged in well below .005.
Do I think it will see .04 / .05 some day? Definately, but it won't be tomorrow unless they trade the whole O/S plus some.
Posted by money 76 on :
anything u guys know about this new product.
Posted by ruskin_muskin on :
Definite 100% bagger for tomorrow.. ..
Posted by money 76 on :
for sure 100% ,but if mm lets this stock run everyone might be surprised .
Posted by SincereX13 on :
well at least we have some excitement here again... hopeful it will translate to gains tomorrow and the rest of the week!
Posted by worthashot on :
Just read the news and I am looking forward to tomorrow.
Posted by money 76 on :
lets hope mms make this run tomm .
first one they held it tight hope the 2nd one they let is loose
Posted by money 76 on :
what do you think guys how high could this stock go today
Posted by cool running on :
Let's just hope it doesn't fizzle like the last PR for the vanishing makeup. If I recall it didn't do squat, as a matter of fact didn't it go down?
[ June 27, 2006, 09:30: Message edited by: cool running ]
Posted by 10of13 on :
small up tic
Posted by cool running on :
Looks like the Bid/Ask is getting the bar raised a little. Maybe it's the start.
Posted by 10of13 on :
I don't know cool...the L2's aren't set up that way... if buying pressure comes then we could run...but right now..???
Posted by Squire38 on :
??? B/A is 65/69 and 5000 shares went through at 79. ???
Posted by cool running on :
Going up again on the Bid/Ask again. I'll be happy if we make it to a penny. Need more volume.
Posted by Squire38 on :
Looks like MMs might be running it. 5000 share trades are moving it upwards.
Posted by 10of13 on :
Yes..moving rather well on little volume... c'mon let's hit a double!
Posted by Schwabie on :
even if you hit double.. its just 5000 trades going through... you probably cant sell...
Posted by 10of13 on :
Schwabie...seems they often fill orders 5k at a time... It's up over 30% today...
Posted by w00dr0w6 on :
started off really strong on the news.....fizzled after that...are we going to see another run today? penny possible?
Posted by cool running on :
If history repeat itself, I would say that's it for today. PR just doesn't do anything for this stock.
Posted by money 76 on :
true coolrunning i am out of this
Posted by money 76 on :
20% up on low volume
Posted by 10of13 on :
It was up 30%...hopin' to see a little action after lunch... Posted by MoneyMoneyMoney on :
1 X .0075 1 X .0079 1 X .008 1 X .012 1 X .03
Wow do the L2's look awesome. Now we wait till the buzz is in everyone's ear and we will all make out!
Posted by cool running on :
At these levels, it doesn't take much gain to get a high percentange gain. Makes me wish I bought a ton at .065, instead of holding a ton at .01.
Posted by will on :
Everyone wants instant gratification with IGAI. It will run when "they" are ready to run it. All the PPS prediction and speculation in the world isn't going to move it. It will take the MM's and volume to run it.
Posted by cool running on :
quote:Originally posted by will: Everyone wants instant gratification with IGAI. It will run when "they" are ready to run it. All the PPS prediction and speculation in the world isn't going to move it. It will take the MM's and volume to run it.
What are you talking about? I've been in this since February. Instant gratification, you've got to be joking.
Posted by 10of13 on :
LOL...c'mon cool...you have to agree...we all want instant gratification we just aren't getting it...LOL
Posted by JimSC on :
MMs have set up a very nice chart for a big run soon -- it will attract a lot of attention and volume. Just give the MMs a little more time to get everything ready, as suggested by Will.
I have been in and out, and back in a half a dozen times since Feb. It is a decent little stock, and patience will pay off some day soon.
Posted by cool running on :
You darn right we all want instant gratification and you're right we aren't getting anything! But just a little gratification for this one would be nice, wouldn't you agree? I tell you, once this thing jumps, like a large number on this thread are anticipating, I'm done with the pennies. I get quicker gratification shorting the bigger stocks than this. I've done pretty well the past two months, but had to try the pennies. There's no way I would put large chunks of money in the pennies. Anyway, it's been fun trading them, NOT! Posted by cool running on :
Hey will, what part of Burbank do you live? I grew up in Oak Lawn around 103rd and Central. Graduated from Richards.
Posted by will on :
I moved Oct '04. Now I am in Oak Forest, bout 159th & Ridgeland. Burbank is getting shabby.
Posted by cool running on :
That's a nice area as I recall. I haven't been back to Chicago since the mid 90's.
Posted by will on :
Yes, West of Ridgeland is very nice, without the Orland Park taxes to kill you.
Posted by MoneyMoneyMoney on :
2 X .008 1 X .01 1 X .012 1 X .03
Yes, patience is virtue and I have won many games against the MM's.
Thanks will and JimSC for introducing me to this wonderful game. I love it!
Posted by 10of13 on :
If we could get some buying pressure..this could actually do well tomorrow...Maybe?
Posted by JimSC on :
quote:Originally posted by 10of13: If we could get some buying pressure..this could actually do well tomorrow...Maybe?
JimSC...would love for this to be a gappa!
Posted by JimSC on :
The MMs love to stay at the bottom level for a little bit longer, so they can collect more cheap shares while building up good chart to attract more investors. They do every thing according to their plan, like how to open and close, and make the chart look bullish, etc. Just trust the MMs' ability to raise the pps so they can unload their inventory. All you need to do is hold your shares tight and set your targers.
Posted by money 76 on :
stock went up almost 30%
good to see some green.
Posted by money 76 on :
bid 0.0075 ask 0.0089 big gapper
hopefully one more pr coming in tomm early morning and then there is no looking back for this stock
stock has potential to reach 0.09
Posted by MoneyMoneyMoney on :
quote:Originally posted by money 76: true coolrunning i am out of this
Just remember, patience is key and you shall succeed.
Posted by money 76 on :
what do you think of this stock moneymoney money
Posted by 10of13 on :
Money 76...are you in or out?
I am hoping that the am will bring a gapper and some volume..perhaps the MM's will "jump start" this puppy...
Posted by money 76 on :
out of this but i might get in tomm
Posted by 10of13 on :
Yeah..IGAI kinda suckers us in...the PPS should be soooo much higher...that you figure...OMG..IT HAS TO RUN! LOL...I'd probably be out to...but it's the "free share" thing... GLTY!
Posted by MoneyMoneyMoney on :
I accumulated alot X .01 and higher. Just recently picked up a few 100k shares X .007.
I think there is huge potential with a little more patience. I've held since Feb now and have my prices set and ready to go when the buyers come in.
Posted by lAliusl on :
what could possible make this run? news on anything but revenue doesnt seem to have much effect, and even that was short lived. Posted by 10of13 on :
quote:Originally posted by lAliusl: what could possible make this run? news on anything but revenue doesnt seem to have much effect, and even that was short lived.
The MM's...plain and simple..look at the last runs that this had...no news...no financials..nothing...just the MM's...Go figure!
Posted by cool running on :
Premarket, .0075/.009
Posted by cool running on :
NOT TODAY!
Posted by money 76 on :
YEAH LOOKS LIKE ...... HOPE FULLY NEVER KNOW ONE MORE PR THIS EVENING
I THINK THEY WILL BE OUT WITH ONE MORE IN A COUPLE OF DAYS . LETS SEE JUST A GUT FEELING
Posted by lAliusl on :
i wanted a quick in and out but i picked stock with lowest volume i have ever owned. i allow the sentiments of ppl on the forums to influence my decisions too much.
Posted by money 76 on :
patience pays sometimes i have checking this stock since year . this stock can make u money
wait and watch .
Posted by w00dr0w6 on :
anyone find this ZERO volume kind of odd?
Posted by cool running on :
quote:Originally posted by w00dr0w6: anyone find this ZERO volume kind of odd?
I don't, since I've been in this stock it seems every day starts out like this. Posted by MoneyMoneyMoney on :
1 X .0078 1 X .008 1 X .009 1 X .04 1 X .06
Up now 9.7% with 97,400 shares traded. Looking better everyday.
Go IGAI!!!
Posted by Schwabie on :
100 k is like less than $900 exchanging hands...
Posted by MoneyMoneyMoney on :
yes, but when the "true" buys start coming in we will profit. Green is always nice to have while waiting, even on small trades.
Posted by Schwabie on :
true.. i always flip this one every time it runs with volume.. Posted by MoneyMoneyMoney on :
nice job Schwabie. I still have some capital invested at the moment. I sure can't wait though. We are gonna be having so much fun just like with RSHN when she ran. Posted by money 76 on :
u know this is funny
i purchased 72400 stocks in the morning which went thru but the volume was showing 60000
surprising
Posted by TBOR on :
Just bought into IGAI. I am a newbie so please keep the information coming.
Posted by MoneyMoneyMoney on :
welcome TBOR from ruskin_muskin and I. Posted by TBOR on :
Thank you guys. Did XKEM and made some dollars, hopefully this one will do the same or better. Great board! Lots of information.
Posted by 10of13 on :
quote:Originally posted by MoneyMoneyMoney: welcome TBOR from ruskin_muskin and I.
Are you one and the same?
Posted by MoneyMoneyMoney on :
No, but we had fun a few pages back when he welcomed me and I said I should be welcoming him since I've been here so long. haha.
I just thought it was quite funny being I've been holding since Jan or Feb I think it was.
(edited in addition to) plus why would I need more than one identity? I barely have enough time as it is studying in the nursing program.
Posted by 10of13 on :
Oh...gotcha.... Posted by cool running on :
Got more cheapies this morning.
Posted by MoneyMoneyMoney on :
Like 10of13 said, I'll take 20% any and everyday. Buy X .0063 and sell X .007 - .008 for a quick gain and free shares. At least until this baby goes.
Posted by cool running on :
I know what you're saying, I'm waiting for this puppy to go back up to .012, so I can sell and double up on my buy when drops down to the .007 or lower range again. Figure I'll play their game, sell for modest gains or double, and buy back in when it drops. That way I'll keep increasing my positions and when this does take off I'll have brick load of shares.
Posted by 10of13 on :
Works don't it Mx3? sometimes it might take a day..but it still works... Posted by Squire38 on :
I too replaced today at 0.0063 what I sold on Tuesday and Wednesday at 0.008.
10of13, I think our new levels are under 7 and over 8 what we were doing from 11 to 14.
Posted by 10of13 on :
Agree Squire...
And for today..ARCA is going to help us out by keeping it on the low side...buy today sell Monday?
Posted by Squire38 on :
Hopefully Monday.
Posted by TBOR on :
0.0059. What's going on?
Posted by Steam_Ahead on :
.007 finish -- any interpretation there? Was today the last ditch effort for the MM's to collect their stash? Up up and away from here?
Jim? Will?
Posted by Squire38 on :
There was a $12,000 trade at 0.0057 today. It seems they walked it down for that huge trade. But as soon as the trade went through (below the bid) it started to come right back up.
Posted by TBOR on :
I did notice it went back to 0.007. Let's hope for the best. Thanks.
Posted by Steam_Ahead on :
quote:Originally posted by Squire38: There was a $12,000 trade at 0.0057 today. It seems they walked it down for that huge trade. But as soon as the trade went through (below the bid) it started to come right back up.
I snuck in at 0059 and was happy to see the close --- the last time I owned this I was out at .019 and have been eyeing it ever since --- a very active thread to say the least.
Posted by money 76 on :
i think the mms will try to get a lot more of these stocks at lower price
Posted by Steam_Ahead on :
I am ready to sell at a 20-25% gain and buy back at 0059 again anytime :-) Hell, I'm almost at a 20% gain at close today :-)
Posted by TBOR on :
Are we still ok? 0.0065
Posted by 10of13 on :
quote:Originally posted by TBOR: Are we still ok? 0.0065
this stock is controlled mostly by the MM's...it won't run until "they" want it to...if you are looking for a "short term run"...this may not be it...but when it is finally let go by the Mm's...it should go pretty well...
GLTY...and happy 4th everyone... Posted by TBOR on :
We'll stick with it.......thanks for the info.
Posted by buckstalker on :
quote:Originally posted by 10of13: Agree Squire...
And for today..ARCA is going to help us out by keeping it on the low side...buy today sell Monday?
And you wonder why it won't run higher???
Posted by 10of13 on :
quote:Originally posted by buck*******:
quote:Originally posted by 10of13: Agree Squire...
And for today..ARCA is going to help us out by keeping it on the low side...buy today sell Monday?
And you wonder why it won't run higher???
Buck*******... No sell today... I am playing the same game as the MM's...I bought and held at .018...the MM's kept bringing it down...and I joined them in their game...so if you are trying to "put the blaim" on the low PPS on me here...I don't think so...my small little shares traded once or twice a week mean nothing...
GLTY! and Happy 4th...
Posted by Squire38 on :
quote:Originally posted by buck*******:
quote:Originally posted by 10of13: Agree Squire...
And for today..ARCA is going to help us out by keeping it on the low side...buy today sell Monday?
And you wonder why it won't run higher???
I, for one, sell at the ask. I also currently have many more shares now than when I 1st bought back in February. I also on flip a portion of my shares at a time, very rarely will I flip my entire position. Most of my sales have also been on days when we had higher than normal volume.
If I haven't had sold, and rebought then I hould be down to about 25% of my intial investment, not good. Instead I am on free shares and have an even bigger position, seems good to me.
I also (most of the time) buy at the ask.
I believe it will run higher once the powers that be want to run it higher.
Posted by TBOR on :
With the amount of shares of IGAI I now own X 0.09 I could become a very, very happy person for quite a while. Should I go ahead and set a stop order at this price? Any predictions (or expections) as to how high this thing could go? 52W High: 0.2000 (12/14/2005)
I understand that this questions might be better served at one of the "for newbie treads", but I am talking about IGAI....
My problem is going to be knowing when to let go. I've read that you should take the money, run and never look back, well I have looked back at some of my last trades and come to the conclusion that I should have hung in there a little longer. What factors should I use to determine when it might be time to jump ship? Volume?
Hope I do not sound too stupid....I am sounding stupid! I do not know any better, really.
Any input would be greatly appreciated.
Posted by Squire38 on :
I look back at everything, but the thing is don't get hung up on woulda, coulda, shoulda.
Be happy with any profit. Period. Any green is better than red.
I don't know about setting a sale order at 0.09. It would suck if you are watching it and it peaks at 0.0885, then starts to falls. I set exits points, but if they don't reach my points, and I see the PPS start to fall, I sell, then later I might rebuy once it stops falling and starts to climb again, wether it is the same day or weeks later. For example, I sold out of RSHN (it did not hit my exit point, but it did start to fall), but recently rebought since it stopped its descent and is now reclimbing. Took a long while, but better to rebuy in the low 20s then have rebought the same day or week even as I sold last time.
Posted by TBOR on :
Thank you, Squire38
Posted by w00dr0w6 on :
wow, look at all the action today...can you believe it?
Posted by TBOR on :
what's it all this mean, this sucker keeps dropping. Can the MMs make a stock drop?
Posted by buckstalker on :
TBOR...MM's can make a stock go up...down...or stop dead in it's tracks, as they have managed to do with this stock...
Posted by TBOR on :
Worst case scenario? But with all the shares that have been purchased, it's got to start climbing one of these days, right.
Posted by TBOR on :
Found the answer to my question:
OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest niche charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
Posted by T e x on :
quote:Originally posted by TBOR: Found the answer to my question:
OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest niche charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
please provide attribution (source, link, etc)
thanks!
Posted by ruskin_muskin on :
Tex.. are you sure you are not aware of this in OTCBB trading????
Posted by TBOR on :
Tex, I miss understood you. You want the source where it originated. I don't have that info. Is this not to be believed?
Posted by T e x on :
oh, ya...lol
Yes, a link to a board here is sufficient, thanks.
Problem is, I asked for attribution on that board, too... wheee!
no, it sounds OK, and the poster who originally brought has a good DD rep; but see what I mean? Now if we discuss it, how do we attribute original source?
Posted by w00dr0w6 on :
any ideas on how much more pain we go through before the next slingshot up?
Posted by worthashot on :
My patience is running out on this one. Anyone have any insight on why it keeps going down?
Posted by TBOR on :
Tex, could you provide any input to the two questions above mine?
Posted by TBOR on :
Guess this is going to be one of those "If you can't stand the heat, get out of the kitchen".
Posted by worthashot on :
My investment is down so much in this that it isn't worth selling plus as soon as I sell it will go up. I sold PAPO yesterday morning (after holding for over 3 months) and it has gone up over 30% since I sold it.
Posted by cool running on :
I with you worthashot, just isn't worth dumping. BTW - Somebody needs to start a new thread, I keep looking at the title "IGAI (.009) 10K out, just off 52 wk low" and I'm just wishing it would go back to .009
Posted by 10of13 on :
Gotta admit..this was very disappointing..I really thought that it would do something...
I have held thru Filings, News, PPS drops looking for the bounce...all of it and NOTHIN'
I had a boat load of free shares (do to the flippin')and have been gradually selling them off...I am down to 1/5th of what I had...Granted..I made some great $ on this..but the past few weeks...blah...
The MM's on this one have played and one...(kinda) but they have probably made even the really good day traders afraid of it...
I'll probably keep the shares that I have...and when and if this thing ever goes over .019...I may buy more for a ride...
GLTA!
Posted by T e x on :
quote:Originally posted by TBOR: Tex, could you provide any input to the two questions above mine?
counted, not following. Sorry...please be explicit...will answer as best I can...
Posted by TBOR on :
Have the MMs killed this thing? Is it worth staying in IYO? It's down 25% from what I purchased at.
Posted by portman on :
I dumped my shares yesterday. Gonna get back in UPZS. I will keep this one on the watch list.
Posted by cool running on :
.0051, What a PIG! I wonder how much lower it goes. I might buy more when it drops to .001
Posted by Squire38 on :
Man I am very tempted to dump all my free shares. Of course the moment I do it will run.
Posted by cool running on :
Really, that's not a bad idea. Anyone know of any pennies that look better than this POS?
Posted by cool running on :
Not too much longer and we should be at $1.00 right JimSC?
Posted by JimSC on :
Lesson from RKLC: Yesterday it was 0.07, now it is 0.19 and rising. So, I will follow Will's advice, buy more of IGAi at 0.0051.
Posted by JimSC on :
Just placed an order at bid of 0.0049. We got to play like a MM in order to win their game. This is the best time to get more, not to be chickened out.
IGAI: bid/ask -- 0.0049/0.0051
Posted by cool running on :
I just loaded up with more at .0049 also. Like you say, play their game.
Posted by 10of13 on :
You guys could be right...but every week or 2 it goes down another .001 or so...I'm not getting more anytime soon...this is just to screwy for me...Just be careful!
Posted by JimSC on :
Thanks, 10/13. I am waiting for IGAI to drop to 0.002 so I can get more. If I were an MM I would let the pps drop one tick a day, collect the majority of the shares, then raise the pps by 2 ticks a day to unload my shares. After IGAI reports their first net earning in a couple of months, I would have no problem to raise the pps to 1.00 -- this would be 500X. Yes, MMs could do it, and they might do it.
-- Do your DD, it's a gamble.
[ July 11, 2006, 14:39: Message edited by: JimSC ]
Posted by 10of13 on :
LOL..If I were an MM...I would've let it run...and then let fall several times...the past few months...but...alas...I am not an MM...
Posted by will on :
cool running, IGAI went from a POS to I just loaded up with more at .0049. LOL
I tried .0045, never filled. If / when they run this everyone will be raving and cheering.
Sure, there's money to be made elsewhere, but if you traded this as 10/13 suggested you'd be on free parking, and could afford patience. With about 50M O/S this will run.
Posted by JimSC on :
IGAI: my 500X dream is in great trouble -- I liked it drop to 0.002, now it went to the wrong direction, up to 0.0057 from 0.0049. So should I load more at this level or wait for it to drop? Will, what's your take? Bull, what do you think?
Posted by will on :
I will not give over .0045, Jim, but that is me. After today's volume with the price decline it will be closer and more likely to run. Rememeber we are in the grips of a Summer market. MM's are being more aggressive in taking down and holding down low float stocks. I am not yet convinced that .0045 is bottom even. IGAI is oversold, but not dramaticly oversold. Lately I have been seeing stock's RSI at 25 or lower before a run. (DNAG today, as an example).
Posted by MoneyMoneyMoney on :
thanks for the insight will and Jim. I will hold till this is at least green for me and I bought some X .018 and .02.
Good luck and do your DD!
Posted by JimSC on :
Thanks, Will, for your advice. I have placed an order at bid 0.0045.
Posted by cool running on :
16.33% gain on what I bought today. It's fun to play their game. I just wish all the other shares I own would go up now, oh well at least they're free shares.
Posted by cool running on :
16.33% gain on what I bought today. It's fun to play their game. I just wish all the other shares I own would go up now, oh well at least they're free shares.
Posted by 10of13 on :
quote:Originally posted by cool running: 16.33% gain on what I bought today. It's fun to play their game. I just wish all the other shares I own would go up now, oh well at least they're free shares.
Follow the MM's...and dance their dance...you'll come out a winner... Posted by R.A. on :
Where do you expect IGAI to be going and what news are you expecting for it to happen?
Posted by cool running on :
quote:Originally posted by R.A.: Where do you expect IGAI to be going and what news are you expecting for it to happen?
I've been in this stock for a while and that's the question of the year. I've gotten to the point where I expect nothing to happen and hope for the best. It's just like the old roulette wheel, one of these spins (days) it's going to hit my number.
Posted by BULListic on :
JimSC, in theory the Q should be out by Friday or Monday (although last year it was the 22nd of July before they got it filed). One would expect a continuation of the post-bankruptcy information that was shared in the most recent filings. The PPS reacted favorably to the actual PR with the numbers in (which came out 3 business days after the SEC filing). The two PR's on actual products since them had a minimal effect to the upside. Volume picked up today and I'm thinking maybe a move to .01 is possible by the middle to late next week. With fantastic news, the L2's are thin enought o run past .05. Let's hope the MM's get screwed this time around. They have had control of this one for too long Posted by lAliusl on :
quote:After IGAI reports their first net earning in a couple of months, I would have no problem to raise the pps to 1.00 -- this would be 500X. Yes, MMs could do it, and they might do it.
they released news on June 15 stating their revenue increased by 63% and the stock only ran to .017. So dont you think its a little far fetched to think it could run to a dollar on only quarterly earnings. it would volume which this stock doesnt have.
Posted by Madge on :
Back to 52 week low for a bounce
Posted by stockholder11 on :
Yeah it is I jumped in yesterday Posted by TBOR on :
Last 0.0051, there it goes again. How could anybody ever make any money with these numbers??????
Posted by 10of13 on :
TBOR...Is anyone selling? I think that most are holding but the MM's are trying to scare people into selling...
Dance with the MM's and you will win like they do...after time...this has been one long a$$ dance...
Posted by TBOR on :
I'm hanging on to this baby!
Posted by 10of13 on :
Just protect your capital!
Posted by TBOR on :
I am new to this, where do I go to see who is selling and buying IGAI?
Posted by TBOR on :
8 buys in the last 45 minutes, all over 100k, yet b/s stayed at .0047x.0048...then 10 minutes after the last trade the b/a raises mysteriously to .0050x.0060....perhaps a positive move is imminent.
Posted by kdb83182 on :
I still have a bid in for another 1M * .005 I'll tell you guys if I get filled.
Posted by Squire38 on :
That is delayed. If you're gonna trade pennies you need real-time level 2s IMO. That link doesn't show the 2.25 million sale * 0.0046 that happened.
Posted by BULListic on :
2.25M "transfer?" between MM's at .0046 just a few minutes ago....those transfers always make me go "hmmmm" and what does it all mean?
Posted by MoneyMoneyMoney on :
Sweeeeeeet!!! I got 22,500 X .0048!!!!
Posted by TBOR on :
Quote: "That is delayed. If you're gonna trade pennies you need real-time level 2s IMO. That link doesn't show the 2.25 million sale * 0.0046 that happened."
Where do I find real-time level 2s.
Posted by Squire38 on :
quote:Originally posted by TBOR: Quote: "That is delayed. If you're gonna trade pennies you need real-time level 2s IMO. That link doesn't show the 2.25 million sale * 0.0046 that happened."
Where do I find real-time level 2s.
Several places. I use Microcaptrade (about $100 per month), alphatrade is $50ish per month, google search and check them out. Most of them have free trials. Microcaptrade is ok, they have news and filters, but L2s can stick sometimes.
Posted by TBOR on :
Thank you, Squire38
Posted by TBOR on :
quote:That is delayed. If you're gonna trade pennies you need real-time level 2s IMO. That link doesn't show the 2.25 million sale * 0.0046 that happened.
This has got to mean that something huge is about to happen. Good luck to everyone that has had to wait so long on this one.
Posted by Squire38 on :
Well checking in the past when a million plus shares were traded in one block, the PPS rose towards the end of the day. Unfortunately this did not happen today. I tried to buy back in today after the 2.25 million trade, but they did not fill me.
Posted by 10of13 on :
Squire..you thinkin' they "dumped" a few more shares?
Posted by MoneyMoneyMoney on :
quote:Originally posted by MoneyMoneyMoney: Sweeeeeeet!!! I got 22,500 X .0048!!!!
Of course that was out of my 200k order. Funny thing is I didnt see it under the L2's.... masked??
Posted by 10of13 on :
Hmmm..the plot thickens....
Posted by kdb83182 on :
I have an order in for 1M * .005 today, no luck gettign filled yesterday and only got 85k when it dropped to .005, I think this is an easy double from here in the coming weeks...but hey, i've been wrong before.
Posted by 10of13 on :
Are we "creeping" up?
Posted by kdb83182 on :
I think it was just me, I bought the available stuff that was out there * .006.
Posted by TBOR on :
quote:Are we "creeping" up?
0.0065 it's something! Posted by kdb83182 on :
It is reassuring though that what they did give me was enough to move this thing up. Any real volume at all would send this on a fast move in the right direction. I am now waiting until they bring it back down again to hopefully buy more..
Posted by TBOR on :
Any idea what this thing could run to?
Posted by kdb83182 on :
I think it will at least go back to the right below .02 range which is an easy 3x from here so IMO this is nicely discounted right now. Beyond that it will depend what the news is and how much they can continue to increase revenues. If they can lower their costs and actually begin turning bottom line profit this thing will be a multi-multi bag from where we are rigth now.
GL ALL!
Posted by kdb83182 on :
OT: TBOR is your s/n a vague Simpsons reference or am I just drawing those conclusions?
Posted by TBOR on :
Thanks.
Posted by TBOR on :
ROBT, short for Robert and backwards, like me! ha!
Posted by kdb83182 on :
ha ha, ok then.
Posted by Squire38 on :
quote:Originally posted by 10of13: Squire..you thinkin' they "dumped" a few more shares?
I wish I could confirm, T/A does not like me.
Posted by 10of13 on :
LOL..Squire...they aren't fond of me either...
Posted by Squire38 on :
I think Monday I'm gonna give them the shares I bought 10 days ago or so. I'll just load up a sale for my free ones and call it a day. This one has become too troublesome for me to flip.
I've been doing very well with jumping in on high volume stocks that the MMs having been pulling way down, and jumping off an hour or so later.
I am a bit concerned over the CDs (I think it was IGAI?--I'll have to check my notes) and the non-responsive T/A. Hopefully my free shares will do wonders one day.
I probably won't post till it gets exciting agin (over 2 cents).
GLTA!
Posted by kdb83182 on :
The CDs were discussed at length on another board and if I recall correctly there is a fair amount of time before they become due. The fact that I was no able to get too many shares at this price reflects that they are not currently being converted, IMHO of course. In the mean time I do think we should at least see a double from these levels as soon as there is a little pressure, only problem is i have no idea when that will be which is why I can understand many getting impatient with this one.
GL ALL
Posted by whoknows on :
Didn't see this posted here:
Form 8-K for IGIA, INC.
14-Jul-2006
Other Events
Item 8.01 Other Events
On July 7, 2006, IGIA, Inc. (the "Registrant") was served with a Summons and Complaint filed in Los Angeles County Superior Court, Los Angeles, California by a major carrier. The Complaint seeks payment by the Registrant of $783,344.86 plus $195,836.22 of collection costs and an unspecified amount of interest thereon as compensation for the breach of a contract between the major carrier and Brass Logistics, LLP, a party related to the Registrant. The Complaint alleges that Brass Logistics, LLP shipped packages using the services of the major carrier and failed to pay for the services. The Complaint further alleges that shipments contained products sold by the Registrant and therefore benefited the Registrant.
The Registrant believes that it has adequately reflected in its consolidated financial statements as of its fiscal year ended February 28, 2006, the cost of fulfillment services rendered by Brass Logistics, LLP that are the subject of the Complaint. The Registrant is reviewing the matter and currently plans to answer the Complaint and defend the action.
In addition to the foregoing, in February 2006, Shopflash, Inc., a wholly owned subsidiary of the Registrant, began working with a media placement agent for direct response sales campaigns regarding two household products that Shopflash, Inc. has sold. The media placement agent placed the Shopflash, Inc. advertisements on television and the Internet and provided additional campaign support that allowed Shopflash, Inc. to further develop the campaigns. According to the agreement between the parties, the media placement agent receives fees and has a security interest in goods and proceeds related to the campaigns. The media placement agent has demanded that Shopflash, Inc. repay all amounts outstanding, which are approximately $1.3 million, and has acted to exercise contractual rights to assume control over the sales campaigns. As a result, Shopflash, Inc. has discontinued its participation in the two sales campaigns and is in discussions with the media placement agent regarding further resolution of the outstanding issues, however on July 11, 2006, the media placement agent imposed a deadline of July 12, 2006 for negotiating a potential settlement offer by Shopflash that was then under discussion. That deadline passed without concluding negotiations, however discussions are continuing. The Registrant believes its liability to the media placement agent is adequately reflected in its consolidated financial statements. The Registrant's household product line contributed the majority of its revenues for fiscal year ended February 28, 2006 and the sales campaigns regarding the two products have been significant contributors to that product line. The Registrant is currently focused on promoting and selling its core personal care products.
Posted by R.A. on :
Press Release Source: IGIA, INC.
IGIA Instant Cover(TM) Now Available on Amazon.com and to Be Presented on British Home Shopping Channel Friday July 14, 6:18 pm ET
NEW YORK--(BUSINESS WIRE)--July 14, 2006--IGIA, INC., (OTC: IGAI.OB - News), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today that its Instant Cover(TM) product is now available on Amazon.com. In addition, IGIA announced plans for the British home shopping channel, Ideal World, to air live demonstrations and infomercials featuring Instant Cover(TM) on UK television channels. IGIA manufacturers and sells its proprietary Instant Cover cosmetic product to licensed direct marketers worldwide. ADVERTISEMENT
Company CEO, Avi Sivan, reported in discussions with trade sources that, "It's safe to come out now, we've got you covered! Instant Cover 'magically' covers any blemish - acne, age spots, birthmarks, blotches, dark eye circles, varicose veins, and more - like products Hollywood makeup artists use that cost far more. We created a dramatic presentation that shows the universal appeal of Instant Cover. By working with licensed direct marketers like our UK partner, we are looking to aggressively penetrate the European market, which had sales of $75 billion in 2005 according to an estimate of cosmetics, toiletries and perfumery sales made by COLIPA, the European Trade Association representing the cosmetics industry. In the past, we successfully marketed IGIA products through QVC and Amazon.com and we are looking forward to duplicating the success with Instant Cover."
About IGIA: IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA® and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to adequately operate and resolve post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006; (b) whether IGIA will have adequate credit card activity processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Contact: For IGIA, Inc. Paul Greenfield, 212-575-0500 x134
-------------------------------------------------------------------------------- Source: IGIA, INC.
Posted by R.A. on :
Kinda great news for IGAI Posted by 10of13 on :
So they are "getting sued" and sending out PR's about..."being safe to come out now" LOL...What the heck...guess we are going no where faster than I thought....
Posted by R.A. on :
We'll see how the pps will respond to that next week.
Posted by ruskin_muskin on :
excellent news.. finally something from the company.. monday huge gap and run Posted by Squire38 on :
Hopefully we get a little run, I decided (I think) I'm gonna dump my free shares.
I gotta go back and see how well the last PR about a product did. Check out June 20 and 26th last 2 time a PR was released. Man, oh well.
Posted by 10of13 on :
Do it slowly Squire...they will take it down with every 25k-50k that you do...
Posted by MoneyMoneyMoney on :
One day soon it will not matter because the buyers will far outnumber the sellers therefore giving all of us a chance to hit our targets. This stock will soon gain recognition from big business if everything keeps playing as it has.
Posted by Squire38 on :
quote:Originally posted by 10of13: Do it slowly Squire...they will take it down with every 25k-50k that you do...
I got them in 4 different prices. It will be at the ask.
Posted by worthashot on :
July 14, 2006 18:18:17 (ET)
NEW YORK, Jul 14, 2006 (BUSINESS WIRE) -- IGIA, INC., (OTC: IGAI.OB), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today that its Instant Cover(TM, Trade) product is now available on Amazon.com. In addition, IGIA announced plans for the British home shopping channel, Ideal World, to air live demonstrations and infomercials featuring Instant Cover(TM) on UK television channels. IGIA manufacturers and sells its proprietary Instant Cover cosmetic product to licensed direct marketers worldwide.
Company CEO, Avi Sivan, reported in discussions with trade sources that, "It's safe to come out now, we've got you covered! Instant Cover 'magically' covers any blemish - acne, age spots, birthmarks, blotches, dark eye circles, varicose veins, and more - like products Hollywood makeup artists use that cost far more. We created a dramatic presentation that shows the universal appeal of Instant Cover. By working with licensed direct marketers like our UK partner, we are looking to aggressively penetrate the European market, which had sales of $75 billion in 2005 according to an estimate of cosmetics, toiletries and perfumery sales made by COLIPA, the European Trade Association representing the cosmetics industry. In the past, we successfully marketed IGIA products through QVC and Amazon.com and we are looking forward to duplicating the success with Instant Cover."
About IGIA: IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA(R) and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to adequately operate and resolve post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006; (b) whether IGIA will have adequate credit card activity processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: IGIA, INC.
For IGIA, Inc. Paul Greenfield, 212-575-0500 x134 Copyright Business Wire 2006
Posted by worthashot on :
sorry just noticed it was posted
Posted by money 76 on :
last 2 prs didnt do much for this stock .'
lets see what this pr does.
i think only one huge revenue pr can put this stock past 0.02
Posted by R.A. on :
For the curious ones... you can take a look at the product displayed on amazon.com.
quote:Originally posted by money 76: last 2 prs didnt do much for this stock .'
lets see what this pr does.
i think only one huge revenue pr can put this stock past 0.02
This PR might do something for the stock but the MM's will make that decision.
Last forms filed showed substantial numbers already. If business continues the way it has this stock will have no problems with .02.
Posted by MoneyMoneyMoney on :
I hope IGAI is on her way to the new 52-week high.
Posted by 10of13 on :
With this much volume..you would think that it would be moving a little more...let's see...
Posted by kdb83182 on :
everything has looked so right with this one for a while now..lets hope this time it goes. Glad I loaded up b/w .005 and .006 because it should at LEAST return to over .01 IMHO.
GL ALL
Posted by kdb83182 on :
thats it for now, huh? what the hell do they have to do to get a real reaction?? Hopefully some quarterly numbers will do them some good..
Posted by 10of13 on :
Sorry..but with this volume...and the stock goes down? thinkin there is more dumpin'....
Posted by buckstalker on :
This stock is pathetic...MM's OR dilution has killed it...
Posted by 10of13 on :
quote:Originally posted by buck*******: This stock is pathetic...MM's OR dilution has killed it...
So it seems...
Posted by MoneyMoneyMoney on :
Patience is virtue. And will pay off BIG!
Posted by kdb83182 on :
At this point I am just going to say it is due to a lack of interested because the dilution would have to be very severe to hold this down by just looking at the valuation. Look at the market cap, its insane that a company which has millions in revenue has a cap of 300k IMHO. This will go at some point...
Posted by kdb83182 on :
quote:Originally posted by MoneyMoneyMoney: Patience is virtue. And will pay off BIG!
Agreed, but it is quite understandable that people are disgusted with waiting on this one.
Posted by MoneyMoneyMoney on :
Of course, including me but just like IDWD, RSHN, AXIGE, USXP, IGAI's time will come.
Posted by kdb83182 on :
I think once they show a bottom line profit this thing will run and yes it should have a run like any of those listed.. I'm a patient guy so I will just sit back and wait for now as I have been..
Posted by cool running on :
All I can say is, "WOW".
Posted by Repoman75 on :
Yeah, WOW, what a POS.
Posted by JimSC on :
MMs have played trick again today. They used fake run to trap investors. They did it 5 times for CLBE before letting her fly half way. I will just wait and watch how they play the game. They will let IGAI fly one day -- this is the only way they can make money, and they know how to make money on all stocks.
Posted by MoneyMoneyMoney on :
You are definitely right Jim. If you look at the L2's you'll see a 40k share sell X .0049 in reality I bought 40k X .0049. I watched it go through as a sell!!!
Posted by MoneyMoneyMoney on :
that was X 15:58:58 and it was my buy
Posted by money 76 on :
whats wrong with this stock.
last three prs stock goin negative.
mms controlling this one very well.
but they have to let this one run . low float lets wait may be a filing would bring this up .
Posted by kdb83182 on :
thats exactly what I am hoping..if their numbers continue to improve they won't be able to hold it down forever.
Posted by cool running on :
Looks like we wait a while longer for numbers, they filed a Notification of inability to timely file Form 10-Q or 10-QSB, yesterday.
Posted by MoneyMoneyMoney on :
quote:Originally posted by Repoman75: Yeah, WOW, what a POS.
LOL, sorry but I feel your the POS that is always full OS. ahahaha. Take your sorry stinkin clown family somewhere else. LOL
Posted by kdb83182 on :
quote:Originally posted by cool running: Looks like we wait a while longer for numbers, they filed a Notification of inability to timely file Form 10-Q or 10-QSB, yesterday.
Not surprising, as we all know this is common practice with OTC and Pinks. Afterall, these things take forever to put together (I should know as I am working on one right now).
Posted by 10of13 on :
Looks like we may close in an uptick! and VERY high volume...WTH is going on with this one?
Posted by R.A. on :
Press Release Source: IGIA, Inc.
Major Online Auction Site Now Carries IGIA Instant Cover(TM) and Infomercial Featured on Women's Entertainment Television Tuesday July 18, 5:15 pm ET
NEW YORK--(BUSINESS WIRE)--July 18, 2006--IGIA, INC., (OTC: IGAI.OB - News), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today that its Instant Cover(TM) product is now available on a major online auction site. IGIA sells Instant Cover directly to consumers through the Internet using its streaming video enhanced marketing. IGIA also distributes Instant Cover through major web retailers and a major online auction site. The Company also announced the airing of its Instant Cover infomercial on Women's Entertainment TV Channel that is available to 59 million households according to Nielsen Media Research. IGIA manufacturers and sells its proprietary Instant Cover cosmetic product to licensed direct marketers worldwide. ADVERTISEMENT
Commenting on the announcement, Company Chairman and CEO, Avi Sivan, said, "Our Instant Cover is now available on one of the world's most popular Internet shopping sites. IGIA products already sell on drugstore.com and we are very excited by the exposure in the online auction marketplace. The most visited online auction site for health and beauty products had 3.33 million unique visitors in one month according to Nielsen/NetRatings for December 2005. We selected Women's Entertainment TV to air our Instant Cover show this month. With quality original programming including the hit series "Bridezillas" and unique movie packages like "Three Men and A Chick Flick", the network supports women and appeals to their interests in pop culture, relationships and personal style."
About IGIA: IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA® and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to adequately operate and resolve post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006; (b) whether IGIA will have adequate credit card activity processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Contact: For IGIA, Inc. General Counsel: Paul Greenfield, 212-575-0500 x134
-------------------------------------------------------------------------------- Source: IGIA, Inc.
Posted by R.A. on :
Let's see what that PR will bring, but don't expect too much excitement IMO. IGAI hasn't reacted very well to the last PR's. We'll see tomorrow brings.
Posted by will on :
Three positive PR's in the last few weeks. Income up according to the last Form 10 filed. Sub bankruptcy behind them. Approximately 50M O/S. Obligated to mention an 8K regarding legal action by a third party customer, might just be the conveniant EXCUSE for the take down in PPS. With all the positive this stock has, if they drop it on the news I will definately buy more at .0045 or less. I really don't expect to have an opportunity at .0045 or less though. It will go, it isn't a question of "if" it is only a "when" now. PATIENCE !
Posted by kdb83182 on :
I completely agree will, its not if, its when it runs..
AND how high? Posted by TBOR on :
It's been a long, long haul! Hopefully it will all be worth it, soon.........Good luck to all involved.
Posted by money 76 on :
igai should touch 0.04 again imho .
low float once this runs no looking back at 0.005
Posted by TBOR on :
0.0055 w/Press Release.....where's the door?
Posted by kdb83182 on :
It will take more than just PR, the PRs for this one never do anything.
Posted by cool running on :
In case anyones interested, here's some more usless information.
EW YORK--(BUSINESS WIRE)--July 19, 2006--IGIA, Inc., (OTCBB: IGAI - News), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today the board of director has appointed Mr. Yehiel Ben-Harush to its board of directors. Mr. Ben-Harush joins the board of directors as it's the third member. The Board has been seeking to add new independent board members in its effort to develop a highly qualified and pro-active Board. The Board has determined that Mr. Ben-Harush meets the American Stock Exchange and SEC independence guidelines to serve on IGIA's Board. Mr. Ben-Harush has a background in sales management and international business. He serves as president of Interbelmont Realty Corp., a company he founded in 1998 that provides investment advisory and management services to investors in commercial and residential real estate. Commenting on the appointment, Chairman and CEO, Avi Sivan, said, "We are very pleased to announce the addition of Yehiel Ben-Harush to IGIA's board of directors. Our board's goal is bring in independent board members who are committed to serving our shareholders. We welcome Ben's wide experience and understanding of sales as well as his strong negotiation skills. Ben has international contacts that are a tremendous resource for IGIA."
Posted by Repoman75 on :
Useless is right.
Posted by JimSC on :
IGAI is up 9.3% -- a rare day in recent memory. LoL.
Posted by kdb83182 on :
Not a single trade today?
Posted by buckstalker on :
Imagine that...
Posted by w00dr0w6 on :
did we really just have an entire trading day where not a single share was traded? what's up with this company?
Posted by kdb83182 on :
at least we know they are not diluting, lol.
Posted by trade4food on :
quote:Originally posted by kdb83182: at least we know they are not diluting, lol.
They are today LOL
Posted by worthashot on :
What is everyone on this thread doing? Holding, selling, or buying more? This one is baffling to me.
Posted by kdb83182 on :
I'm holding what I have for now I still believe its at least a double from these levels at some point.
Posted by cool running on :
I'm buying it by the boat load! Not really, I've increased my position at .0049 and .005 a short time back, but I'm just going to hold on to this until this takes off. I'm in no hurry, I'm making most of my money shorting the $10 and over stocks, as well as playing Puts in the options market. When I have some more gambling money available for my penny stocks account, I may buy more if it continues to drop.
Posted by money 76 on :
this is a buy buy situation imo.
stock will have a fine revenue pr this yr.
they have all sorts of advts goin on.
this company will come out with a good revenue pr .
stock to touch 0.04 by end of next month
Posted by kdb83182 on :
.04 would be nice but the way things have been lately I was starting to lose my belief in that but its like someone said early the MMs will run it at some point to cash in so I think one with a position at this levels will make a nice profit.
Posted by BJL on :
Up 17% on no news. Anybody have an idea of what is going on?
Posted by 10of13 on :
Are we movin'?
Posted by SincereX13 on :
impossible maybe the dilution is finally over!
Posted by Batman on :
quote:Originally posted by BJL: Up 17% on no news. Anybody have an idea of what is going on?
Mabey stock-Ster is about to pick it, LOL
Posted by Schwabie on :
31 %
Posted by kdb83182 on :
wow, someone is buying this up.
Posted by 10of13 on :
I don't see ARCA on this today...we could be good!
Posted by kdb83182 on :
Maybe the numbers are coming?
Posted by 10of13 on :
Bid and ask are thinning...this is lookin' good...
Posted by JimSC on :
Up 31%
0.0065 X 0.0069
Getting some attention now.
Posted by kdb83182 on :
what a strange stock because now it appears to be moving back down and all this movement today was based off of a bunch of 5k (25 dollars) trades with a few larger ones thrown in. What the hell?
Posted by kdb83182 on :
hmmmm... not quite dead yet, someone is still throwing money at this one today and the MMs are shifting around a bit. It just good to see someone buying as opposed to the usual dilution causing downward pressure. Still a lot of super small orders went through in the L2s which makes me again wonder what exactly is going on, unless it was just one order broken into many as shares became available.
Posted by cool running on :
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE ENDED MAY 31, 2006 Statements in this Item 2 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this document are statements which are not historical or current fact and constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may", "will", "potential", "opportunity", "believes", "belief", "expects", "intends", "estimates", "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Comparison of the Three Months Ended May 31, 2006 to the Three Months Ended May 31, 2005
Results of Operations
Revenue
We sell a variety of consumer products and houseware products directly to individual customers and to retailers. We use direct response television advertising extensively to promote sales. Our net sales for the three months ended May 31, 2006 were $3,458,885 compared to net sales of $1,825,208 for the three months ended May 31, 2005, an increase of $1,633,677, or 89.5%.
We are currently focusing on generating revenue by selling our products directly to consumers through their responses to our television and Internet advertising. We are advertising our products that have indicated encouraging levels of consumer acceptance. Our direct response sales operation requires that we use cash to purchase, up to two weeks in advance, television advertising time to run our infomercials and to purchase, up to eight weeks in advance, products that we sell. We used cash realized from sales of our Callable Secured Convertible Notes and credit made available to us by a media placement agent to, among other things, significantly increase our purchases of television advertising time and product needed to fulfill customer orders.
The increase in net sales for the three-month period ended May 31, 2006 as compared to May 31, 2005 reflects the significant increases in our direct response television advertising and better availability of product and fulfillment services. Although our net sales increased, our sales and cash flows were constrained by a lack of cash needed to purchase and ship product to customers in a timely and consistent manner and by a disruption to operations caused by changes in providers of services for customer order fulfillment and credit card processing. We began the three-month period ended May 31, 2006 with negative working capital of $21.9 million and $7,877 in cash. We engaged Parcel Corporation of America ("PCA") for customer order fulfillment and a media placement agent in connection with a houseware products sales campaign we initiated. Shortly after integrating our operating activities with PCA and launching the campaign, PCA advised us the logistics company they used to ship our products went bankrupt and that PCA also was ceasing operations within two weeks. While getting established with a new service provider, we noted an unusually high level number of calls from customers concerned about their order status and PCA's inability to effectively handle matters. In addition, our credit card merchant banks also noted an elevated level customer inquires and chargeback requests. As a result, the credit card merchant banks increased the amount of cash they withheld from customer orders and placed in rolling reserves and they delayed releases of funds to us. As a result, we did not have sufficient cash to obtain all of the product needed to fulfill customer orders on hand which led to order cancellations.
The direct response sales campaigns that use the credit terms provided by a media placement agent contributed the majority of our revenues for the three-month period ended May 31, 2006. The media placement agent has demanded that we repay all amounts outstanding, which are approximately $1.3 million, and has acted to exercise contractual rights to assume control over the sales campaigns. As a result, we have discontinued participation in the two sales campaigns and we are focusing on selling our core personal care products. We currently have limited working capital and access to credit that we need to purchase television air time and products. Until such time as we obtain additional working capital and credit availability, we expect our purchases and direct response revenues to be substantially lower and comprised primarily of personal care products.
Our revenues for the three months ended May 31, 2005 consisted primarily of sales of a vacuum cleaner under the Singer Lazer Storm brand name according to an April 2003 license agreement with The Singer Company, B.V. that was mutually terminated on September 29, 2005.
Gross Profit
Our gross profit was $2,689,377 for the three months ended May 31, 2006 versus our gross profit of $1,128,711 for the three months ended May 31, 2005, an increase of $1,560,666. The increase in gross profit for the three-month period ended May 31, 2006 is primarily the result of increased revenue and gross profit margins of products sold.
Our gross profit percentage for quarter ended May 31, 2006 was 77.8%, as compared to 61.8% for the quarter ended May 31, 2005. Gross profit percentage for the three month periods ended May 31, 2006 was higher due to the relatively higher gross profit percentages we realized on our direct response sales that have comprised the majority of our net sales this fiscal year. For the comparable period in the prior fiscal year, we realized low gross margins from our sales of our excess inventory to specialty retailers at reduced prices, including sales of products at below our cost. In addition, our gross profits in those periods were reduced for the write down of inventory to estimated market value, when such value was below cost.
Operating expenses
Operating expenses for the three months ended May 31, 2006 were $6,000,192 an increase of $2,946,205 from $3,053,987, or 96.5% as compared to the three months ended May 31, 2005. For the three months ended May 31, 2006, operating expense was 173.5% of net sales as compared to 167.3% for the comparable period in 2005. The increase in operating expenses is primarily the result of increased media advertising and increased customer order fulfillment services as a result of higher sales volume..
We increased in our media advertising spending in the three-month period ended May 31, 2006 by $2,466,644, respectively, as compared to similar period in the prior fiscal year. We air our television infomercials to sell our products directly to consumers and to increase awareness of the products we sell to retailers. Media advertising requires us to make upfront purchases that we were able significantly increase this fiscal year by using credit made available by a media placement agent and proceeds from sales of our Callable Secured Convertible Notes.
We spent $479,561 or 26.4% more on other selling, general and administrative expenses, including related party, in the three months ended May 31, 2006 as compared to the three months ended May 31, 2005. The increased spending is primarily attributable to increased sales. Other selling, general and administrative expense declined as percentage of sales. We have implemented a lower operating cost structure as part of our business restructuring that has led to reduced personnel, warehouse operations costs, and other general and administrative expenses.
Interest expense and other income / expense
We incurred net interest expense of $395,844 and $165,946 in three months ended May 31, 2006 and 2005, respectively, an increase of $229,898. Interest expense for the three months ended May 31, 2006 consisted primarily of $337,105 in amortization of the discount related to the beneficial conversion feature and amortization of the related issue costs and $24,172 in interest on notes payable to related parties. The Notes Interest expense for the three months ended May 31, 2005 consisted primarily of $123,099 in amortization of the discount related to the beneficial conversion feature, coupon interest and amortization of the related issue costs and $12,587 in interest on notes payable to related parties.
Reorganization items
Pursuant to the March 28, 2006 Notice of Effective Date of the Plan that was filed with the Bankruptcy Court Tactica eliminated $14,853,421 of pre-petition liabilities and paid a total of $775,000 in cash to the creditors and 5,555,033 shares of IGIA common stock that were valued at $83,397 as of the Effective Date, thereby realizing a net gain of $13,989,024. In the three month periods ended May 31, 2006 and 2005, Tactica incurred professional fees of $0 and $519,728, respectively, in connection with its business restructuring and reorganization under chapter 11. In addition, Tactica incurred a $218,643 charge in the three months ended May 31, 2005 for a settlement agreement reached with Innotrac.
Net Income and Loss
Our net income for the three months ended May 31, 2006 was $16,377,174 in contrast to a net loss of $2,879,886 for the three months ended May 31, 2005. Our net income for the three months ended May 31, 2006 resulted primarily from the $6,091,309 unrealized gain on adjustment of derivative and warrant liability to the fair value of the IGIA securities underlying the Callable Secured Convertible Notes discussed above, $13,989,024 in income from extinquishment of pre-petition liabilities in connection with Tactica's business restructuring and reorganization under chapter 11. The net loss for the three month period ended May 31, 2005 includes $738,371 of net expenses incurred in connection with Tactica's business restructuring and reorganization under chapter 11.
Our net income per common share was ($0.44) (basic) and ($0.22) (diluted) for the three months ended May 31, 2006 as compared to our ($0.16) net loss per common share (basic and diluted) for the three months ended May 31, 2005.
The weighted average number of outstanding shares was 37,431,619 (basic) and 73,100,465 (diluted) for the three-month period ended May 31, 2006 as compared to 18,002,933 (basic and diluted) for the three-month period ended May 31, 2005.
Liquidity and Capital Resources
Overview
As of May 31, 2006, we had a $11.2 million working capital deficit and negative net worth of $14.6 million. As of February 28, 2006, we had a $21.9 million working capital deficit and negative net worth of $31.2 million. Our cash position at May 31, 2006 was $137,774 as compared to $7,887 as of February 28, 2006.
For the three months ended May 31, 2006, we generated a net cash flow deficit from operating activities of $916,403 consisting primarily of a net income of $16,377,914, adjusted primarily for total non-cash additions to net income of $20,483,381 and decreases in prepaid advertising of $771,919, accounts receivable of $454,929, other assets of $292,818, accounts payable and accrued expenses of $83,014 and an increase in customer pre-payments of $1,820,596. Our accounts receivable is comprised primarily of funds held aside by the credit card processor we use for processing customer payments of direct response sales. A substantial amount of cash from orders placed by customers and sales has been held back by the credit card merchant banks to establish rolling reserves for the customer payment processing they do for us. As a result, we did not have sufficient cash to obtain all of the product needed to fulfill customer orders on hand and pay for order fulfillment costs.
There was $19,494 of investing activities during the three months ended May 31, 2006 that consisted primarily of office equipment purchases. We expect capital expenditures to continue to be nominal for fiscal 2007. These anticipated expenditures are for continued investments in property and equipment used in our business.
Cash provided by financing activities totaled $1,065,784 consisting mainly of proceeds from related party loans and a $250,000 loan from a third party that were used to purchase product for sale.
Acquisition of Tactica
The June 11, 2004 reverse merger between us and Tactica gave us access to public markets for financing and enabled Tactica to convert approximately $3.6 million of accounts payable into Series E Convertible Preferred Stock. Despite the transaction with Helen of Troy Limited that eliminated approximately $17 million in secured debt owed by Tactica and our reverse merger, we were not able to raise sufficient additional working capital. As a result of the foregoing factors, Tactica did not have an available source of working capital to satisfy a demand by Innotrac Corporation ("Innotrac"), Tactica's provider of inventory warehousing and customer order fulfillment services, that Tactica immediately pay all amounts allegedly due to Innotrac and continue its normal operation of business.
Tactica's Chapter 11 Reorganization
On January 13, 2006, the Bankruptcy Court issued a confirmation order approving the Revised First Amended Plan of Reorganization Proposed by Tactica and IGIA (the "Plan") that provides for Tactica's exit from bankruptcy. On March 28, 2006, a Notice of Effective Date of the Plan was filed with the Bankruptcy Court. Upon being declared effective, the Plan eliminated $14,853,421 of Tactica's pre-petition liabilities. The plan calls for Tactica's pre-petition creditors to receive distributions of the following assets: (i) $2,175,000 cash paid by Tactica's former shareholders; (ii) $700,000 cash paid by Tactica; (iii) $75,000 cash paid by IGIA, Tactica, and the Board Members; (iv) up to $275,000 cash paid by Innotrac; (v) the rights and proceeds in connection with avoidance and other actions including uncollected pre-petition invoices payable by a Tactica customer; and (vi) 5,555,033 newly issued shares of IGIA common stock that was in number equal to 10% of the outstanding shares of common stock as of the Plan's effective date and is exempted from the registration requirements of Section 5 of the Securities Act of 1933, as amended and State registration requirements by virtue of Section 1145 of the Bankruptcy Code and applicable non-bankruptcy law. Certain Tactica post-petition creditors have submitted claims to the Bankruptcy Court for post-petition administrative expenses. Tactica is reviewing the administrative expense claims to determine whether to seek possible settlements and payment schedules or a resolution by the Bankruptcy Court.
To provide funds for Tactica's continued ordinary course operations and working capital needs, Tactica entered into a Credit Agreement with Tactica Funding 1, LLC ("Tactica Funding" and a related party) on December 8, 2004, under which Tactica Funding agreed to a debtor in possession loan up to an aggregate principal amount of $300,000 (the "Loan"). The Loan bears interest at a rate of 9% per annum. The entire principal was due and payable on May 31, 2006. As Security for the Loan, Tactica granted to Tactica Funding a first priority security interest in substantially all of the assets of Tactica, except as to permitted liens for which the Tactica Funding security interest is junior and subordinate, including certain carve out expenses that Tactica incurred for professional fees and other bankruptcy case matters. Mr. Sivan is a member and Mr. Ramchandani is a manager and a member of Tactica Funding 1, LLC. As of May 31, 2006, the Company owed $300,000 of note principal, which is included in Notes Payable - related parties, and unpaid interest of $13,832.
To obtain additional funding for the purpose of providing a loan to Tactica, in the form of debtor in possession financing and exit financing in the context of Tactica's chapter 11 case, we entered into a Securities Purchase Agreements with New Millennium Capital Partners II, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC on March 23, 2005 and June 7, 2006 for the sale of (i) $3,760,000 in callable secured convertible notes and (ii) warrants to buy 56,000,000 shares of our common stock. Our registration statement for the common stock issuable pursuant to $3,000,000 in Callable Secured Convertible Notes was declared effective by the SEC on December 22, 2005. We have received a total of approximately $3,427,000 in net proceeds after deducting approximately $333,000 of expenses and prepaid interest pursuant to the Securities Purchase Agreements. The funds from the sale of the Callable Secured Convertible Notes were used for business development purposes, working capital needs, pre-payment of interest, payment of consulting, accounting and legal fees and borrowing repayment.
The $3,000,000 in Callable Secured Convertible Notes bear interest at 8%, mature three years from the date of issuance, and are convertible into our common stock, at the investors' option, at the lower of (i) $0.04 or (ii) 50% of the average of the three lowest intraday trading prices for the common stock on a principal market for the 20 trading days before but not including the conversion date. The $760,000 in Callable Secured Convertible Notes bear interest at 6%, mature three years from the date of issuance, and are convertible into our common stock, at the Investors' option, at a conversion price equal to the lower of (i) $0.04 or (ii) 35% of the average of the three lowest intraday trading prices for our common stock during the 20 trading days before, but not including, the conversion date. The full principal amount of the Callable Secured Convertible Notes is due upon default under the terms of secured convertible notes. The 6,000,000 in warrants are exercisable until five years from the date of issuance at a purchase price of $0.03 per share and the 50,000,000 in warrants are exercisable until seven years from the date of issuance at a purchase price of $0.009. In addition, the conversion price of the secured convertible notes and the exercise price of the warrants will be adjusted in the event that we issue common stock at a price below the fixed conversion price, below market price, with the exception of any securities issued in connection with the Securities Purchase Agreement. The conversion price of the callable secured convertible notes and the exercise price of the warrants may be adjusted in certain circumstances such as if we pay a stock dividend, subdivide or combine outstanding shares of common stock into a greater or lesser number of shares, or take such other actions as would otherwise result in dilution of the selling stockholder's position. The selling stockholders have contractually agreed to restrict their ability to convert or exercise their warrants and receive shares of our common stock such that the number of shares of common stock held by them and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of common stock. In addition, we have granted the investors a security interest in substantially all of our assets and intellectual property and registration rights. The Company is obligated to file a registration statement to register the common stock issuable upon conversion of the $760,000 in Callable Secured Convertible Notes and 50,000,000 warrants.
From time to time, Mr. Sivan and Mr. Ramchandani have paid certain advertising expenses on our behalf and have advanced us funds for working capital purposes in the form of unsecured promissory notes, accruing interest at 8% per annum. As of May 31, 2006, the balance due to Mr. Sivan and Mr. Ramchandani collectively was $1,365,270, including accrued interest. On March 13, 2006, APA International LLC advanced $150,000 to the Company for working capital purposes in the form of an unsecured promissory note, accruing interest at 8% per annum. As of May 31, 2006, the balance due to APA International LLC was $289,997, including accrued interest. Mr. Sivan, Mr. Ramchandani and a significant shareholder own APA International LLC.
In February 2006, Shopflash, Inc., our wholly owned subsidiary began working with a media placement agent for direct response sales campaigns regarding two household products that Shopflash, Inc. has sold. The media placement agent placed the Shopflash, Inc. advertisements on television and the Internet and provided additional campaign support that has allowed Shopflash, Inc. to further develop the campaigns. According to our agreement, the media placement agent receives fees and has a security interest in goods and proceeds related to the campaigns. The media placement agent has demanded that Shopflash, Inc. repay all amounts outstanding, which are approximately $1.3 million, and has acted to exercise contractual rights to assume control over the sales campaigns. As a result, Shopflash, Inc. has discontinued its participation in the two sales campaigns and is in discussions with the media placement agent regarding further resolution of the outstanding issues, however on July 11, 2006, the media placement agent imposed a deadline of July 12, 2006 for negotiating a potential settlement offer by Shopflash that was then under discussion. That deadline passed without concluding negotiations, however discussions are continuing. We believe our liability to the media placement agent is adequately reflected in our consolidated financial statements. Our household product line contributed the majority of our revenues for the three-month period ended May 31, 2006 and fiscal year ended February 28, 2006 and the sales campaigns regarding the two products have been significant contributors to that product line. As of May 31, 2006, we owed $1,036,759 to the media placement agent.
On April 4, 2006, we entered into a loan agreement to borrow up to $250,000 for purchases of product for sale in our direct response operations.
We used proceeds from the above financings to fund Tactica's Plan, including fees paid to professionals involved with the bankruptcy proceedings, and to expand our business of selling products to consumers through direct response advertising. Despite our financing and operating activities and Tactica's emergence from bankruptcy on March 28, 2006, we continue to have a significant working capital deficit. Our current liabilities include significant obligations to providers of shipping and customer order fulfillment services, a media placement agent, state sales tax agencies and customers for payments made to us.
We are reducing cash required for operations by reducing operating costs by decreasing purchases of media and products, reducing staff levels and deferring management's salaries. In addition, we are working to manage our current liabilities while we continue to make changes in operations to improve our cash flow and liquidity position.
Our ability to achieve sustained profitability is dependent on several factors, including but not limited to, our ability to: generate liquidity from operations; satisfy our ongoing operating costs on a timely basis; and to resolve all of our post-petition administrative costs. We still need additional investments in order to continue operations to cash flow break even. Additional investments are being sought, but we cannot guarantee that we will be able to obtain such investments. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of our common stock and the downturn in the U.S. stock and debt markets make it more difficult to obtain financing through the issuance of equity or debt securities. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing. Further, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. If additional financing is not available or is not available on acceptable terms, we will have to curtail our operations again, attempt to further restructure financial obligations and/or seek a strategic merger, acquisition or a sale of assets.
The independent auditor's report on the Company's February 28, 2006 financial statements included in this Annual Report states that the Company's recurring losses raise substantial doubts about the Company's ability to continue as a going concern.
The effect of inflation on our revenue and operating results was not significant. Our operations are located in North America and there are no seasonal aspects that would have a material effect on our financial condition or results of operations.
Trends, Risks and Uncertainties
We have sought to identify what we believe to be the most significant risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment decision with respect to our Common Stock.
Risks Relating to Our Business:
The Chapter 11 Reorganization Has A Material Negative Effect On Our Business, Financial Condition And Results of Operations.
Tactica, our operating subsidiary filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code in October 2004 and its plan of reorganization was declared effective in March 2006. The bankruptcy has had a material negative effect on our business, financial condition and results of operations. As of May 31, 2006, we had current liabilities of $12,607,176 as compared to current assets of $1,359,463. Our current liabilities include significant amounts owed to related parties and third party creditors. Certain Tactica post-petition creditorshave submitted claims to the Bankruptcy Court for post-petition administrative expenses. Our limited working capital and access to credit has impaired our ability to adequately purchase television air time and products. Until such time as we obtain additional working capital and credit availability, we expect our purchases and direct response revenues to be substantially lower than before. As described under "Liquidity and Capital Resources" we are seeking additional working capital for operations and to satisfy our obligations.
Posted by trade4food on :
As of July 20, 2006 there were 95,369,558 shares of Common Stock outstanding.
Posted by SincereX13 on :
Our net income per common share was ($0.44) (basic) and ($0.22) (diluted) for the three months ended May 31, 2006 as compared to our ($0.16) net loss per common share (basic and diluted) for the three months ended May 31, 2005.
I'm thinking we are undervalued?
Posted by kdb83182 on :
Some dilution but they continue to improve the numbers..
Posted by kdb83182 on :
so what do the rest of you think will happen from here?
Posted by kdb83182 on :
so what do the rest of you think will happen from here?
Posted by cool running on :
Nothing.
Posted by SincereX13 on :
nobody is interested in the quarterly report it seems?
Posted by kdb83182 on :
I don't know what to think anymore either Sincere, I'd like to think its not dead yet but maybe I'm wrong..
Posted by SincereX13 on :
Yeh I don't know what to think here either... but no use selling at these levels. Going to just hang around and hope that this quarterly has the delayed impact that others have had.
Posted by MoneyMoneyMoney on :
Revenue
We sell a variety of consumer products and houseware products directly to individual customers and to retailers. We use direct response television advertising extensively to promote sales. Our net sales for the three months ended May 31, 2006 were $3,458,885 compared to net sales of $1,825,208 for the three months ended May 31, 2005, an increase of $1,633,677, or 89.5%.
Gross Profit
Our gross profit was $2,689,377 for the three months ended May 31, 2006 versus our gross profit of $1,128,711 for the three months ended May 31, 2005, an increase of $1,560,666. The increase in gross profit for the three-month period ended May 31, 2006 is primarily the result of increased revenue and gross profit margins of products sold.
Posted by cool running on :
All this news doesn't mean anything, I read good things in this 10Q and bad things. If it was all positive news, I believe it would have jumped big time today, but it didn't, instead it dropped. It just goes to show you who controls the PPS and it doesn't matter what PR or news comes out, when the MM's deem it time for it to take off, it will. However, I'm not sure the wait is worth it anymore. I'm seriously thinking of getting out on the next short run to .006 or so, playing something more productive and getting back in after it drops to .002.
Posted by will on :
Mid-April IGAI traded at .02. Go back and review the Form 10's effective the quarter before that date, and any filed since. What has changed? The immediate response and most obvious anyone might answer is the O/S. Grant it, that is true, but look at the revenues, profits, and stronger position with the sub BK behind them. I think you can easily make a case for a conservative true value of .02 yet. Nothing has changed that drastically, everything about doubled in proportion.
Posted by cool running on :
This is on a fast ride to nowhere.
Posted by cool running on :
Well, that's it folks I sold out, yesterday and this morning. I'm done with pennies and will stick to shorting the big boys and playing the options. Hope this gets to dollar for you all! Take care and GLTA!!
Posted by SincereX13 on :
ouch tank city here... could they still be diluting or is this just frustrated share holders dumping at the seeming inability of this to run?
Posted by J_U_ICE on :
IGAI 0.004
IGIA Announces First Quarter Financial Results; Quarterly Revenue up 89%; Gross Profit up 138% 7/26/2006
NEW YORK, Jul 26, 2006 (BUSINESS WIRE) -- IGIA, Inc., (OTCBB: IGAI), announced today its financial results for the fiscal first quarter ended May 31, 2006, including quarterly revenue of $3,458,885, a 89.5% increase compared to $1,825,208 in revenues for the quarter ended May 31, 2005. Gross profit for the quarter was $2,689,377, a 138.3% increase compared to gross profit of $1,128,721 for the quarter ended May 31, 2005. IGIA, a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, significantly increased its purchases of television and Internet advertising to generate the increases in quarterly revenue and gross profit.
IGIA's quarterly net income was $16,377,174 or $0.44 per share (basic) and $0.22 per share (diluted), as compared to a net loss of $2,879,886 or $0.16 per share (basic and diluted) for the quarter ended May 31, 2005. Primarily contributing to IGIA's net income was $13,989,024 or $0.37 per share (basic) and $0.19 (diluted) in income realized from the extinguishment of liabilities of IGIA's Tactica International, Inc. subsidiary, in connection with its business restructuring and reorganization plan. Net income also included a $6,091,309 or $0.16 per share (basic) and $0.08 (diluted) unrealized gain resulting from a change in IGIA's common stock value which effects the valuation of securities underlying IGIA's outstanding note and warrant obligations.
About IGIA: IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA(R) and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to operate and resolve its working capital deficiency, including post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006 and other company liabilities; (b) whether IGIA will have adequate credit card processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: IGIA, Inc.
For IGIA, Inc. Paul Greenfield, 212-575-0500 ext. 134
Copyright Business Wire 2006
Posted by Batman on :
Looks like they're moving in the right direction.
Posted by R.A. on :
Might run tomorrow... I like the figures.
Posted by Batman on :
It hit the 52 week low today (.0034), so I can't see it going anywhere but up.
Posted by greenman on :
Sold out too quick, cool...but I know how frustrating it can get playing the waiting game...
Posted by vinnie1 on :
they having a fire sale.LOL
Posted by atleast on :
quote:Originally posted by Batman: It hit the 52 week low today (.0034), so I can't see it going anywhere but up.
52 week low was .0046 just yesterday... not sure about "UP" direction...
Posted by SincereX13 on :
well lets all hope that this release at least gives it a semi-pop tomorrow
Posted by MoneyMoneyMoney on :
I sure hope so cause I'm in the red $2800 since I've started accumulating.
I'd at least like to get that back!
Posted by will on :
Maybe our memories are too short ?
I recall the 10K being published and received by the SEC on 6/13/06. Then on 6/15/06, IGAI PR'd a synopsis of the 10K, highligting revenues, gross profits, positives... On 6/13 IGAI traded in the .007's and closed at .009, (they took it down intraday on a good 10K), on 6/14, we had a high of .012 with a close in the .008's, on 6/15, we saw another bashing to close in the .006's, and finally on 6/19, we were rewarded with a substantial pop to .017, (an 88% gain from the .009). This gave opportunity to sell make $, and have free shares, if you played it that way. Now on 7/25/06 - 7/26, we see the same intial pattern ocurr at about 50% the PPS. I am averaged in at .0042. So, I would be more than pleased with not even an identical % gain of 88%, but 75% would be more than handsome on the amount of shares I have managed to collect. a PPS of .0075 / .008, isn't out of the question. IMO, this could trade easily back to .01, and .02, a conservative possibility. I expect it to act somewhat like CBCL. If you're not familar with CBCL, it was dragged as low as .0025, before it was ran to 6 times that low. IGAI won't see .0025, I believe the worse was today with the .0034, and 5 or 6 times that isn't too bad if you are holding freebies and/or cheapies.
Posted by Batman on :
IGAI, could have more good PR's comming, Today's could be the start.
Posted by JimSC on :
Thanks to J_uice for the good news. I also found DYHP, up 60% in 2 weeks, thru the daily News thread.
Posted by SincereX13 on :
I think this is going to go off this morning. At least it will start as a gapper, keep your eyes peeled guys!
Posted by atleast on :
.0054 x .0055 pre-market
Posted by SincereX13 on :
watch this guys
Posted by SincereX13 on :
up 75% right now
Posted by Madge on :
quote:Originally posted by cool running: Well, that's it folks I sold out, yesterday and this morning. I'm done with pennies and will stick to shorting the big boys and playing the options. Hope this gets to dollar for you all! Take care and GLTA!!
OUCH!!!
Posted by 10of13 on :
So Cool needed to sell in order for this to move? (Sorry cool)
Posted by SincereX13 on :
mm's are certainly letting it go today... just how high, I can only hope it hits some of my original sell points
Posted by SincereX13 on :
we is back to a penny
Posted by rocktrader on :
looking for a dip to catch here...is it good stock to buy?
Posted by SincereX13 on :
well it can run 200% in just minutes... and it is know for it amazing pps increases within days
Posted by will on :
OH! Everyone is happy, AGAIN ?
Patience, good job to all that had faith and held.
Posted by will on :
quote:Originally posted by will: Maybe our memories are too short ?
I recall the 10K being published and received by the SEC on 6/13/06. Then on 6/15/06, IGAI PR'd a synopsis of the 10K, highligting revenues, gross profits, positives... On 6/13 IGAI traded in the .007's and closed at .009, (they took it down intraday on a good 10K), on 6/14, we had a high of .012 with a close in the .008's, on 6/15, we saw another bashing to close in the .006's, and finally on 6/19, we were rewarded with a substantial pop to .017, (an 88% gain from the .009). This gave opportunity to sell make $, and have free shares, if you played it that way. Now on 7/25/06 - 7/26, we see the same intial pattern ocurr at about 50% the PPS. I am averaged in at .0042. So, I would be more than pleased with not even an identical % gain of 88%, but 75% would be more than handsome on the amount of shares I have managed to collect. a PPS of .0075 / .008, isn't out of the question. IMO, this could trade easily back to .01, and .02, a conservative possibility. I expect it to act somewhat like CBCL. If you're not familar with CBCL, it was dragged as low as .0025, before it was ran to 6 times that low. IGAI won't see .0025, I believe the worse was today with the .0034, and 5 or 6 times that isn't too bad if you are holding freebies and/or cheapies.
Posted by SincereX13 on :
will nothing but props to you, you have played this stock perfectly! Codos to will everyone!
Posted by Madge on :
Broke down the wall at .0115 where's the next stop?
Posted by Madge on :
Oh baby, knocking down .014 !
Posted by Tmoney on :
way to go guys, couldnt get in yesterday, but wanted to, unsettled funds holding me back, i hope she continues to go for you,
Posted by SincereX13 on :
only 73 million shares out there... we are going to gobble up most of them today
Posted by rocktrader on :
guys.....won't it dip..?
It is just cruising cruising...how badly you guys are down before today?
I mean when did you guys boght this stock? what price?
Posted by Madge on :
Triple bagger today, I'm selling some at .015
Posted by Igor R on :
Did people know there was going to be a pr yesterday? Or did this just come out of nowhere?
Posted by SincereX13 on :
holy cow... float is must be drying up!
Posted by R.A. on :
Absolutely fantastic.
I see it passing the 0.02 today IMO.
Posted by Madge on :
quote:Originally posted by Igor R: Did people know there was going to be a pr yesterday? Or did this just come out of nowhere?
The 10K came out and there was not much interest yesterday. I don't know why though.
Posted by SteelDude on :
I bought in at .02 a while ago. I'll be happy if its gets back to that and be extremely happy if it goes higher.
Posted by Rael on :
I *WILL NOT* chase this thing. I've had a buy at .01 no fill...I'm thinking about readjusting to .013 and sell what happens.
This thing is nuts.
Posted by bowlegtroy on :
what a ride! Wishing for my own portfolio to do this!
Posted by bowlegtroy on :
quote:Originally posted by Rael: I *WILL NOT* chase this thing. I've had a buy at .01 no fill...I'm thinking about readjusting to .013 and sell what happens.
This thing is nuts.
I think .012 or .01 is a good buy point.
Posted by TBOR on :
0.0170 and still climbing. I wait 30 days for this!
Posted by bowlegtroy on :
Although ARCA is sitting at .0136 on the bid, so you might need to buy higher if it doesn't drop to that point.
Hard to read a fast mover like this one.
Posted by rimasco on :
OH MY GOD!! I shoulda listened to JUice....gave this stock to me premarket
UGGGGGGGGHHHHHHH!!!!!!!!
Posted by kt325ci on :
I remember playing last time they had good numbers. Had a nice run then tanked and kept droping in the following days.
Posted by Madge on :
.02 gone
Posted by bowlegtroy on :
a 4 bagger in an hour....WOW!
Posted by SincereX13 on :
sold some at .02 no problem, can't believe it!
Posted by will on :
...and there is your .02+ !!!
7 times low of .0034, yesterday, and climbing !
Posted by bowlegtroy on :
make that a 5 bagger in an hour and 3 minutes...
Posted by SincereX13 on :
we are going to end up trading the entire float today!
Posted by Hustla on :
Wow missed this one folks, can only sit back and watch the excitement. Congrats to all who were in it.
Posted by Morphiuzzz on :
Holy crap, between IGAI AND LFWK..I am lovin it. Any advice on when I should drop this?
Posted by will on :
Don't hear any whining now. LOL
It just amazes me that people see these patterns over and over, and call stocks like this a pos.
It requires patience and faith.
Posted by Stock on :
quote:Originally posted by Morphiuzzz: Holy crap, between IGAI AND LFWK..I am lovin it. Any advice on when I should drop this?
its up over 500%...if thats not good enough for you to get out, then even Jesus cant help u make up ur mind. its YOUR money, get out when YOU want...this is a good exit point...5 bagger, what more do u want
Posted by Jonus on :
I just made a fortune ye haw
Posted by rocktrader on :
Will do u think it will continu to run tomorrow?
Can you guve some resistance and support points?
Posted by greenman on :
Great run, guys....to all those who missed this...still waiting for cbcl..it ran week or so ago but that wasn't "the run", IMO.
Posted by Stock on :
quote:Originally posted by rocktrader: Will do u think it will continu to run tomorrow?
Can you guve some resistance and support points?
sell now, dont look back, its a penny, play them once and look somewhere else. If you made some good profits here, dont bother thinking what tomorrow will do...after a big run, they usually gap down, if u like down gapping, hold
Posted by kdb83182 on :
WHAT A DAY! I knew it would come!
Congrats to those who held!
Posted by will on :
I have no idea what it will do now. I only knew it fit my model, and MM's where collecting like crazy from .017 down. I'm finished with it. Could have made more, but I am very pleased with NITE and UBSS, they did good for me. I had .02 as the top, and it went past that, so now I know NOTHING. Good luck to you all.
Posted by bowlegtroy on :
quote:Originally posted by will: Don't hear any whining now. LOL
It just amazes me that people see these patterns over and over, and call stocks like this a pos.
It requires patience and faith.
What pattern? I mean, chart-wise, the pattern is really hard for me to see. Still learning, and grateful for ANY insight on pattern spotting!
Posted by 10of13 on :
quote:Originally posted by will: Don't hear any whining now. LOL
It just amazes me that people see these patterns over and over, and call stocks like this a pos.
It requires patience and faith.
hello??!...I've had both...time has come to make bank! LOL
Posted by will on :
Troy, read my post regarding the last 10Q's and the behavior of the stock. I mentioned it a couple times here on this thread. You can be too chart smart sometime. Volume / PPS variance is where it's at, with good form 10's and MM take downs in the face of positives. There is a pattern here. Read the filings, PR's and look at the chart, you'll see it.
Posted by Stock on :
quote:Originally posted by cool running: Well, that's it folks I sold out, yesterday and this morning. I'm done with pennies and will stick to shorting the big boys and playing the options. Hope this gets to dollar for you all! Take care and GLTA!!
i dont think i know of another person that would be MORE pissed off than you at the moment. Its like getting so close to reaching an orgasm then just getting walked on by your mom. disgusted u might feel eh ?
Posted by bowlegtroy on :
quote:Originally posted by will: Troy, read my post regarding the last 10Q's and the behavior of the stock. I mentioned it a couple times here on this thread. You can be too chart smart sometime. Volume / PPS variance is where it's at, with good form 10's and MM take downs in the face of positives. There is a pattern here. Read the filings, PR's and look at the chart, you'll see it.
Thanks, I'll look for it.
Posted by IMAKEMONEY on :
WENT IN AND OUT, THANKS JUICE.
Posted by 10of13 on :
Pull back for lunch..let's see if we make yet another run after....
Posted by SincereX13 on :
making another push now, can not believe the volume today!
Posted by Doniboy on :
Hey 10, where was the heads up for me on this one???? LOL, congrats.
Posted by stocktrader22 on :
Holy sh*t I can't believe I missed this one.
Posted by bowlegtroy on :
quote:Originally posted by will: Three positive PR's in the last few weeks. Income up according to the last Form 10 filed. Sub bankruptcy behind them. Approximately 50M O/S. Obligated to mention an 8K regarding legal action by a third party customer, might just be the conveniant EXCUSE for the take down in PPS. With all the positive this stock has, if they drop it on the news I will definately buy more at .0045 or less. I really don't expect to have an opportunity at .0045 or less though. It will go, it isn't a question of "if" it is only a "when" now. PATIENCE !
I saw this pattern in some others....don't remember which ones, but I do remember seeing it!
Thanks for the tip!
Posted by Rael on :
Ugh...had my buy at .015
Only came back to .017
Posted by SincereX13 on :
and it is off again... lets see if it can break resistance at .024
Posted by 10of13 on :
quote:Originally posted by Doniboy: Hey 10, where was the heads up for me on this one???? LOL, congrats.
SHEET! I knew there was something that I forgot to do! LOL..Sorry Doni!
Posted by will on :
I think the heads up came in June when they tanked it the .006's and ran it to .017, and gave you opportunity to be sitting on free parking. This might look like an overnight sensation, but it was months in the making.
Posted by SincereX13 on :
broke through .024
edit: guess I was right about .024, look at it go
Posted by Doniboy on :
Good call Will. I know its easy to watch a 500% run and say "I should have gotten in yesterday", but normally it takes months for something like this. Doesn't mean I can't be jealous Posted by will on :
It's a tough one Doniboy. It churned and turned for a long time. It is difficult to believe in these pos pennies when they are being manipulated and beat to death. I feel foolish right now because I didn't believe it go past .02, but I took what I thought was top.
Posted by Doniboy on :
All I want to know is where is the next one?? LOL.
Posted by SincereX13 on :
Doni, don't be to hard on yourself... this one has been tough to sit on. Most thought bottom was at .01, then at .006, but it finally bottomed at .0035. Many bailed on this and those who didn't at least considered it at some point or another.
Posted by SincereX13 on :
moving again, 1000% is impossible right Posted by SherriT on :
Hope you guys don't mind a newbie question here....I seem to have a propensity for buying at the top of the curve, and holding it - have never been a shorter, but would that help put some dollars in my pockets until I learn to play better? Obviously the more money I have, the more mistakes I can make....
Posted by will on :
It's a ten bagger off the take down low of .0034, yesterday. Out did CBCL.
Posted by 10of13 on :
Right now I am not sure my life could get much better...!!!! Whoo hoo!
Posted by vinnie1 on :
WOWWWWWWWWWWWWWWWW
Posted by SincereX13 on :
.04 and 900%
Posted by Hustla on :
quote:Originally posted by SincereX13: moving again, 1000% is impossible right
Not at all, GZFX did it last year with their Circuit city deal. 1100% in one day. Its possible here. BUT TAKE PROFIT. Sell some make initial investment back and ride free shares
Posted by greenman on :
quote:Originally posted by will: It's a ten bagger off the take down low of .0034, yesterday. Out did CBCL.
So you think CBCL had its run a couple weeks back? Or you talking about its 52 wk high?
Posted by Doniboy on :
Looks like a flyer, I could have gotten in at .018 instead of *****ing about missing it...lol.
Posted by djg7 on :
I missed this one today. Congrats 971% and going!
Posted by maumee river rat on :
Ya 10!!! Me too!! Buddy, Pal, Ole' friend o mine!!! Starten to think your mad at me...I'm a very sensetive guy...
Posted by Hustla on :
L2 show .045 coming right up. 1000% gain for the day. ALL within reach, how you like that. Wish I was in this
Posted by SincereX13 on :
Entire float has been traded... quarterly suggests pps should be even higher than what we are trading at now.
Posted by Squire38 on :
Me and my freebies are out. sure glad I didn't dump the other week. Peace!
Posted by 10of13 on :
quote:Originally posted by maumee river rat: Ya 10!!! Me too!! Buddy, Pal, Ole' friend o mine!!! Starten to think your mad at me...I'm a very sensetive guy...
OMG...I told you about it about 2 weeks ago...it is not my fault that you don't listen to me...until it's too late...LOL...
Posted by Hustla on :
Oh well, take that back. Its lunchtime and people taking profit.
Posted by AshyToClassy on :
I'm hoping this drops back down to say .01 ish. Then I'm in..LOL
Posted by TBOR on :
10of13, I listen and it was well worth it. From now on I am your shadow!
Posted by 10of13 on :
quote:Originally posted by TBOR: 10of13, I listen and it was well worth it. From now on I am your shadow!
I don't think that I would do that...I make some VERY bad choices...LOL....
Posted by maumee river rat on :
Ya !! Maybe you did,,,But I'm a guy!!! You gotta remind me to take out the trash!!! so to speak,,,
Posted by Rael on :
quote:Originally posted by AshyToClassy: I'm hoping this drops back down to say .01 ish. Then I'm in..LOL
MEE TOO!!
I doubt it'll pull back that far though. I'm kinda hoping for .02 to print again.
Posted by betting babe on :
where the %$^%$& was i???
quote:Originally posted by 10of13:
quote:Originally posted by maumee river rat: Ya 10!!! Me too!! Buddy, Pal, Ole' friend o mine!!! Starten to think your mad at me...I'm a very sensetive guy...
OMG...I told you about it about 2 weeks ago...it is not my fault that you don't listen to me...until it's too late...LOL...
Posted by TBOR on :
Looking for 0.0450!
Posted by IMAKEMONEY on :
Boy i sold out to early.
Posted by 10of13 on :
BB...DAMN IT another one I forgot to tell...!
Maumee...at least you agree that guys don't remember "crap"! LOL
Posted by 10of13 on :
If it matters to anyone...(that is "trying" to Point the finger at me) In February this one ran for nearly 4 days...from .009-to about .035 or so...with plenty of flipping opps....we shall see if this does the same...
Posted by maumee river rat on :
I don't remember sayen that!!!
Posted by Chartwalker on :
wow you guys scored BIG!! Happy for you all!
Posted by pepa z depa on :
quote:Originally posted by IMAKEMONEY: Boy i sold out to early.
exactly, i sold most of my shares for 0.2 today (500k), only 100k left, not sure if to wait for tommorow or sell it now.
Posted by betting babe on :
OMG i used to use this company's products when i was in, like, my TEENS! LOL
they make great stuff. how'd they get down here?
~BB
Posted by JimSC on :
Cheers!!!!
Posted by IMAKEMONEY on :
wont chase but sure fun to watch.
Posted by 10of13 on :
quote:Originally posted by maumee river rat: I don't remember sayen that!!!
LOL...
Let's see if it will bust through this .047...
Posted by 10of13 on :
quote:Originally posted by JimSC: Cheers!!!!
ABSOLUTELY! Posted by AshyToClassy on :
quote:Originally posted by IMAKEMONEY: wont chase but sure fun to watch.
I second that motion goddam!!! Had to watch with gzfx back in October too. Oh well
Posted by 10of13 on :
OK..How about .05!
Posted by AshyToClassy on :
.052 coming up
Posted by AshyToClassy on :
.055 up next...LMAO
Posted by Morphiuzzz on :
Damn I got out too early at .022 (although still doubled Now I am kickin myself. Hope there is some flipping opportunities
Posted by 10of13 on :
WHHHHOOO HHHOOOO...
lets go for .055!
Posted by kt325ci on :
I'm not playing this either but it is fun to watch it go
Posted by JimSC on :
Hey, 10, you and Will have been the cheer leaders for this one. Thanks.
Posted by Hustla on :
This is sick
Posted by skip on :
I don't know if I have ever seen buying pressure like this...the L2's are insane!
Posted by SincereX13 on :
Wow, sold my last at .05 and this thing is still going. Oh well made some coin here!!!
Will wait for the next quarterly play on this!
Posted by maumee river rat on :
10!! Quick look at the charts...could swing ....but This is makin a run for a dime..IMO
just under 06 looks like a good place to flip if you want....should be at 09 sometime tomorrow if it keeps on track,, GL
Posted by will on :
I liked it, but NEVER expected this. The power of an MM managed run. you're seeing it now.
Posted by 10of13 on :
quote:Originally posted by maumee river rat: 10!! Quick look at the charts...could swing ....but This is makin a run for a dime..IMO
just under 06 looks like a good place to flip if you want....should be at 09 sometime tomorrow if it keeps on track,, GL
Thanks Maumee...so did you get in?
Posted by IMAKEMONEY on :
The sell off will be insane.
Posted by will on :
The runs was insane lol !
Posted by TBOR on :
"Looking for 0.0450!" Sold at 0.0550. That's it for me. I want to thank all you people that helped me out with this one. I have been trading for a total of 2 months and have done very well by listen to what is said on this board. Good luck to everyone.
Posted by IMAKEMONEY on :
very
Posted by betting babe on :
do we know a market cap here? just knowing the company's products i cant imagine it isnt undervalued here...
Posted by will on :
Back this thread up a month and there was alot of, "this is a pos", "wtf, this is crap". It sure is amazing what an explosive run can do for bad attitudes. Now you see the difference between a real MM managed run, vs, a group run.
Posted by SincereX13 on :
quote:Originally posted by will: Back this thread up a month and there was alot of, "this is a pos", "wtf, this is crap". It sure is amazing what an explosive run can do for bad attitudes.
Hopefully in a month or two we get a replay of all of that... I know I'll be in this stock before they release their next quarterlies
Posted by Stock on :
quote:Originally posted by will: Back this thread up a month and there was alot of, "this is a pos", "wtf, this is crap". It sure is amazing what an explosive run can do for bad attitudes. Now you see the difference between a real MM managed run, vs, a group run.
lol...most pennies ARE POS, most pennies ARE scams and shells...that is not a problem and not a secret...its all about playing the POS the right way and getting out early enough before it gets back to its original POS stage.
Posted by JimSC on :
While IGAI is enjoying her day, we should not forget the disappointments and frustrations she had inflicted upon us in the past few months:
Unreal...I was in meetings all morning...had a GTC order in at .013...Still made some bank here but... %#$&* is all I can say...By the way, I was one of the posters that Will was talking about as far as becoming negative on this stock recently...kudos to you Will...I had given up on this stock...back to the drawing board for me!
Posted by will on :
My first rule is :
ALL PENNIES ARE A POS !
But when you see price / volume variances, connected to filings and PR's, they can make you money.
I know your pos theory well. My comments were for those who didn't believe, and had to be convinced to hold on, and even in spite of their lack of faith were rewarded. So, think before you whine.
Posted by Madge on :
I feel a slide coming, out at .045
Posted by R.A. on :
Let's do a little survey?
I want everybody's opinion... what do you think the EOD will be?
Posted by IMAKEMONEY on :
.028
Posted by will on :
My day ended a long time ago. LOL
Posted by buckstalker on :
quote:Originally posted by R.A.: Let's do a little survey?
I want everybody's opinion... what do you think the EOD will be?
You are kidding...right?
Posted by Madge on :
.033
Posted by R.A. on :
Buck*******... why would I be kidding?
Posted by IMAKEMONEY on :
HEY NOW.
Posted by JimSC on :
I am done with IGAI and will not bother with EOD or HOD anymore.
Posted by buckstalker on :
quote:Originally posted by R.A.: Buck*******... why would I be kidding?
RA...this stock is so volatile right now that there is no way anyone could predict the close...personally...I wouldn't touch it from here on out...
Posted by R.A. on :
Same thing for me here... out at 0.041.
Good luck to all who are still in it, it's been a nice ride Posted by will on :
GREAT JOB, Jim !
Let's find the next one.
SLWF? Can't sort real interest volume form what might be dilution with the Series A conversion possibility.
Posted by doling2005 on :
FNIX I liked at .005, but there is so much potential for dilution with open SB2 or S8, I couldn't convince myself it would be more than a bounce to respectability as opposed to run.
Posted by J_U_ICE on :
What a day I hope everyone made a sh!tload of cash!!!!!!!!!
Posted by SincereX13 on :
will and JimSC what do you guys think about ecci?
seems accumulation is going on right now, and looks to pop sometime at the end of august or in sept if we get a big storm or two.
Posted by juice on :
wow what a pick you guys, never put my money at it for some reason, sure wishing i did:) congrats!!!
Posted by will on :
I have no idea. If /when they fit a particular model then I would comment. Otherwise I know NOTHING about anything.
Posted by 10of13 on :
quote:Originally posted by J_U_ICE: What a day I hope everyone made a sh!tload of cash!!!!!!!!!
Posted by Jonus on :
10 bagger
Posted by kdb83182 on :
This has been a great crew to enjoy the ride with, everyone spend wisely it not every day you come across a 1200% gain....and like will said lets definitely find the next one!
Posted by rimasco on :
quote:Originally posted by J_U_ICE: What a day I hope everyone made a sh!tload of cash!!!!!!!!!
Posted by 10of13 on :
Wow..ARca on the bid for 999...is this not over?
Posted by JimSC on :
quote:Originally posted by J_U_ICE: What a day I hope everyone made a sh!tload of cash!!!!!!!!!
Thanks, J_uice. Your posting of the PR yesterday may have triggered the interest of the investors.
Posted by J_U_ICE on :
quote:Originally posted by JimSC:
quote:Originally posted by J_U_ICE: What a day I hope everyone made a sh!tload of cash!!!!!!!!!
Thanks, J_uice. Your posting of the PR yesterday may have triggered the interest of the investors.
Hopefully it helped and thanks for bringing this to my attention a few weeks ago along with 10 of 13. $$$$$$$$$$$
Posted by MoneyMoneyMoney on :
WWWOOOOOOOOOHOOHHHHHOOOOOOOOOOOOO!!!!!!!
Thanks will, JimSC, and 10!!!!!
I just got home from class and WOW!!! I'm speechless....
Posted by JimSC on :
FNIX is promising for a run soon, but the MMs need to stay at the bottom to collect shares for a few days. I will be watching it. I am also watching XLPI and IVOI.
Posted by MoneyMoneyMoney on :
So whats next?!?!
Again thanks for the lessons on how to play and make $$$$$ with the MM's.
Posted by JimSC on :
Hey, MoneyMM. I am glad you did not give up. BTW. 10/13, I like the term "A$$ dance of the MMs" about IGAI during her dark days. You have been a great cheer leader.
Posted by MoneyMoneyMoney on :
So now alot have learned how the games with the MM's do payoff and VERY well! I'm a believer although I do get discouraged at times but thanks to 10/13 and Jim and will I keep my sanity and play along with the MM's.
Posted by maumee river rat on :
For the brave hearted... Good entry under 03 IMO...like 028
Posted by Squire38 on :
I would like to thank 10, Jim and Will.
Jim and Will so turning me on in the beginning--February.
10 for riding with me as we flipped to get free shares.
Another thanks to Jim and will to encourage us to do what the MMs do, I was SOOOO close to dumping my freebies a week or so again. Thanks guys and girls!
Posted by 10of13 on :
It's been a LOOOONNNNGGGG ride huh Squire! I was so hoping that you didn't miss this run! Good job buddy!
We made some BANK on this one!
(pssstt...I am not completely out yet...LOL)
Posted by tonicma on :
This is funny, I had IGAI on my watch list for about 3 months now, and I forgot all about it. today I look back and its up about 1100% at its highest.
Damn, oh well, you win most and loose some hope you all who missed PAIV in its initial run didn't miss this. I say it will run to 10 cents beforee the big shake.
Posted by SincereX13 on :
Glad to see that all the guys that were here from the begining stuck it out and made their money today (save one, sorry cool)! Congrats to all and thanks much to will and JimSC for bringing this stocks attention to me way back when!
Posted by Squire38 on :
quote:Originally posted by 10of13: It's been a LOOOONNNNGGGG ride huh Squire! I was so hoping that you didn't miss this run! Good job buddy!
We made some BANK on this one!
(pssstt...I am not completely out yet...LOL)
AMEN.
My final sell point was 5 cents. My heart couldn't take it any more, although I should have saved some in case it breaks 10 cents one day.
What a long, long ride.
Posted by JimSC on :
Hey. 10/13. Normally I would keep some free shares, but for IGAI I just want to get over with it -- 6 months of "A$$ dance of the MMs" is long enough. LOL.
Posted by 10of13 on :
quote:Originally posted by JimSC: Hey. 10/13. Normally I would keep some free shares, but for IGAI I just want to get over with it -- 6 months of "A$$ dance of the MMs" is long enough. LOL.
Jim...that sir is an understatement! I will be out today or in the am...just wantin' to see if we go towards the .10...and then i may start the buying in late December for yet another ride!!!!
Posted by MoneyMoneyMoney on :
Good deal. I just sold my last 50k. Wow, still can't believe the day has finally arrived. These long dances do however pay off HUGE!
Posted by 10of13 on :
quote:Originally posted by MoneyMoneyMoney: Good deal. I just sold my last 50k. Wow, still can't believe the day has finally arrived. These long dances do however pay off HUGE!
Yeah...it might be nicer if they played some music with these dances...LOL
Congrats!
Posted by SherriT on :
What do you guys think about an EOD run? I know it's been running most of the day, but...
Posted by MoneyMoneyMoney on :
lol, yes it sure would. I'd even let em play your song first, hehe.
Great job to you too and thanks.
Cheers!!! Just wish I was here to watch it go up and enjoy the moment with ya'll.
Posted by Squire38 on :
quote:Originally posted by JimSC: Hey. 10/13. Normally I would keep some free shares, but for IGAI I just want to get over with it -- 6 months of "A$$ dance of the MMs" is long enough. LOL.
Jim, next time, you dance with them for 5 months, then call me to cut in the last month or so.
Posted by 10of13 on :
quote:Originally posted by SherriT: What do you guys think about an EOD run? I know it's been running most of the day, but...
Possible..waitin to see...last time it ran for 3 or so days....
Posted by rimasco on :
LETS TAKE THE 500k YOU GUYS JUST MADE AND BUY PAIM!!!!!! LETS DO ITTTTTTTTTTTTTTTT!!!!!! ARRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!
no?
maybe???
Posted by 10of13 on :
rimaso...deep breath...exhale...one more time...
let it out slowly...need to trade with a "good, clean positive dispositon"
It'll work out...give it time!
Posted by Squire38 on :
OK, IGAI deleted off my watchlist. Someone PM me in a few months IF it goes under a penny.
Posted by TBOR on :
Thanks kdb83182, you answered some of my questions back then when we were sweating it out. I got to sell at 0.0055! You are a very thoughtful person. Good luck in everything you do. Feels so good.......!
Posted by 10of13 on :
LMAO..this thread sound like a graduation party or something...I think I'm going to cry...
Nah...no I'm not! Too happy!
Posted by Squire38 on :
My wife just paged me from her work. I guess she was looking at the stocks, and told me she was about to leave work to go pick out a new Tahoe. She doesn't even wanna let the funds settle before she spends the money.
Posted by reidler88 on :
typical women,, haha
Posted by bowlegtroy on :
quote:Originally posted by will: GREAT JOB, Jim !
Let's find the next one.
SLWF? Can't sort real interest volume form what might be dilution with the Series A conversion possibility.
I like SLWF, and I'm with you....can't figure if we still have dilution or not. I think it's over and the CMF is trending up to show it.
I'm waiting (ok, speculating) until they release a few nice PRs about carriers picking up the device, etc!
Posted by 10of13 on :
quote:Originally posted by Squire38: My wife just paged me from her work. I guess she was looking at the stocks, and told me she was about to leave work to go pick out a new Tahoe. She doesn't even wanna let the funds settle before she spends the money.
HAHAHAHA!!! LMFAO!
Posted by JimSC on :
quote:Originally posted by 10of13: LMAO..this thread sound like a graduation party or something...I think I'm going to cry...
Nah...no I'm not! Too happy!
It's more like a celebration of winning a lottery by lottery club members. We all won!
Posted by JimSC on :
quote:Originally posted by Squire38:
quote:Originally posted by JimSC: Hey. 10/13. Normally I would keep some free shares, but for IGAI I just want to get over with it -- 6 months of "A$$ dance of the MMs" is long enough. LOL.
Jim, next time, you dance with them for 5 months, then call me to cut in the last month or so.
You got it! I have been watching this one for a long time. Just got in yesterday. A ptential 16-bagger!
INXR: 0.0003 -- got UHV signal. Hit 0.0048 last run. Might do it again
[ July 27, 2006, 16:11: Message edited by: JimSC ]
Posted by Camelboy on :
Wow great pick today guys. Im sure some of you are now very rich. Mad I missed out on this one
Posted by matto on :
I saw this thread was posted so i didnt bother telling anyone about it !!!! great job buy all i hope you all did as well as me!!
Posted by Squire38 on :
quote:Originally posted by JimSC: INXR: 0.0003 -- got UHV signal. Hit 0.0048 last run. Might do it again
LMAO--we might be running the same filters/screeners. I came across this on Monday. I got a few other, but the DD hasn't been looking good on 75% of them.
Posted by TruthLiesWithin on :
I almost sold this yesterday.
Finally something to make me green!!
Posted by jack37 on :
Assunto: Banco Espirito Santo will launch a takeover to IGIA Inc. Enviada por: Nome: José Escarigo Data: 27-07-2006 17:12:07 e-mail: Escarigo70*yahoo.com.br Respostas: Nenhuma
Questão: Lisbon - A source from Banco Espirito Santo (BES) said today that Banco Espirito Santo will launch a takeover to IGIA Inc. Banco Espirito Santo (BES), will notifie next friday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of IGIA Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. Banco Espirito Santo (BES) will launch a takeover bid forIGIA Inc with the payment of $0.10 USD for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.12 USD for each share of the company.
About Banco Espirito Santo : As one of the strongest and most traditional players in the Portuguese market, Banco Espírito Santo, founded in 1884, is Portugal's leading franchise when it comes to private banks. Its reputation has however crossed borders, making the Espírito Santo name internationally recognized and respected. Being in the forefront of International Business is definitely one of the achievements we want to keep.
Our widespread presence across the globe, in over 50 cities in 17 countries, makes us the most international of Portuguese Banks and, most importantly, allows our customers - individuals, corporate, institutional, etc - to fully rely on our capability to serve their banking requirements in different geographies. Find out more about our International Presence and how it can also be of benefit to your Institution.
Notwithstanding the fact that a large number of our international units are deeply related to the provision of services to Portuguese emigrant communities abroad, BES Group activities are as varied as its global spread.
A list of the most relevant international activities helps summarizing the broad scope of BES global presence:
Services to emigrant communities (account opening, savings accounts, remittances processing, etc) Foreign Trade Retail Banking Corporate Banking Private Banking Investment Banking Project Finance Wholesale Banking Treasury A team of committed relationship managers will provide you with all the assistance needed in devising the most adequate solutions whatever your Bank's specific needs are. Visit the Financial Institutions Group page to know more about its range of activities.
Abou IGIA Inc : IGIA, Inc., through its wholly owned subsidiaries, Tactica International, Inc., Shopflash, Inc., and Kleenfast, Inc., engages in direct marketing and distribution of proprietary and branded personal care and home care products worldwide. The company designs, develops, and sells its products under Milinex and Wind Storm brands. It offers a range of hair removal products and accessories for men and women; beauty care products, including skin care, hair care, body care, cosmetic and nail care, skin doctor, and foot care products; personal care products, including dental and oral care, bath and body care, cellulite treatments, creams and lotions, and other accessories; and wellness products, including health and fitness, diet and weight loss, massage and relaxation, and other accessories. In addition, the company sells products in the ‘As Seen on TV’ market, which include vacuum products, household and other products, kitchen accessories, and sleep solutions. IGIA distributes its products through retail outlets, popular mail order catalogs, and directly through its Web sites, primarily www.igia.com. The company was founded in 1992 and is based in New York City. Tactica International, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in March 2006.
Posted by MoneyMoneyMoney on :
hmmm, nice find. Maybe I wish I did keep a few shares. No complaints here though my wallet is fatter.
Posted by doling2005 on :
quote:Originally posted by jack37: Assunto: Banco Espirito Santo will launch a takeover to IGIA Inc. Enviada por: Nome: José Escarigo Data: 27-07-2006 17:12:07 e-mail: Escarigo70*yahoo.com.br Respostas: Nenhuma
Questão: Lisbon - A source from Banco Espirito Santo (BES) said today that Banco Espirito Santo will launch a takeover to IGIA Inc. Banco Espirito Santo (BES), will notifie next friday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of IGIA Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. Banco Espirito Santo (BES) will launch a takeover bid forIGIA Inc with the payment of $0.10 USD for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.12 USD for each share of the company.
About Banco Espirito Santo : As one of the strongest and most traditional players in the Portuguese market, Banco Espírito Santo, founded in 1884, is Portugal's leading franchise when it comes to private banks. Its reputation has however crossed borders, making the Espírito Santo name internationally recognized and respected. Being in the forefront of International Business is definitely one of the achievements we want to keep.
Our widespread presence across the globe, in over 50 cities in 17 countries, makes us the most international of Portuguese Banks and, most importantly, allows our customers - individuals, corporate, institutional, etc - to fully rely on our capability to serve their banking requirements in different geographies. Find out more about our International Presence and how it can also be of benefit to your Institution.
Notwithstanding the fact that a large number of our international units are deeply related to the provision of services to Portuguese emigrant communities abroad, BES Group activities are as varied as its global spread.
A list of the most relevant international activities helps summarizing the broad scope of BES global presence:
Services to emigrant communities (account opening, savings accounts, remittances processing, etc) Foreign Trade Retail Banking Corporate Banking Private Banking Investment Banking Project Finance Wholesale Banking Treasury A team of committed relationship managers will provide you with all the assistance needed in devising the most adequate solutions whatever your Bank's specific needs are. Visit the Financial Institutions Group page to know more about its range of activities.
Abou IGIA Inc : IGIA, Inc., through its wholly owned subsidiaries, Tactica International, Inc., Shopflash, Inc., and Kleenfast, Inc., engages in direct marketing and distribution of proprietary and branded personal care and home care products worldwide. The company designs, develops, and sells its products under Milinex and Wind Storm brands. It offers a range of hair removal products and accessories for men and women; beauty care products, including skin care, hair care, body care, cosmetic and nail care, skin doctor, and foot care products; personal care products, including dental and oral care, bath and body care, cellulite treatments, creams and lotions, and other accessories; and wellness products, including health and fitness, diet and weight loss, massage and relaxation, and other accessories. In addition, the company sells products in the ‘As Seen on TV’ market, which include vacuum products, household and other products, kitchen accessories, and sleep solutions. IGIA distributes its products through retail outlets, popular mail order catalogs, and directly through its Web sites, primarily www.igia.com. The company was founded in 1992 and is based in New York City. Tactica International, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in March 2006.
Is this why this thing went up so much today?? Interesting
Posted by T e x on :
will, nice work Posted by rocktrader on :
CAREFUL GUYS....
JUST A CAUTION....
ALL THESE NEWS ARE FAKE FAKE...PORTUGUESE BANK AND OTHER S*#$T...BECAREFUL
I MADE GOOD MONEY TOO>>>
Posted by SincereX13 on :
quote:Originally posted by jack37: Assunto: Banco Espirito Santo will launch a takeover to IGIA Inc. Enviada por: Nome: José Escarigo Data: 27-07-2006 17:12:07 e-mail: Escarigo70*yahoo.com.br Respostas: Nenhuma
Questão: Lisbon - A source from Banco Espirito Santo (BES) said today that Banco Espirito Santo will launch a takeover to IGIA Inc. Banco Espirito Santo (BES), will notifie next friday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of IGIA Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. Banco Espirito Santo (BES) will launch a takeover bid forIGIA Inc with the payment of $0.10 USD for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.12 USD for each share of the company.
About Banco Espirito Santo : As one of the strongest and most traditional players in the Portuguese market, Banco Espírito Santo, founded in 1884, is Portugal's leading franchise when it comes to private banks. Its reputation has however crossed borders, making the Espírito Santo name internationally recognized and respected. Being in the forefront of International Business is definitely one of the achievements we want to keep.
Our widespread presence across the globe, in over 50 cities in 17 countries, makes us the most international of Portuguese Banks and, most importantly, allows our customers - individuals, corporate, institutional, etc - to fully rely on our capability to serve their banking requirements in different geographies. Find out more about our International Presence and how it can also be of benefit to your Institution.
Notwithstanding the fact that a large number of our international units are deeply related to the provision of services to Portuguese emigrant communities abroad, BES Group activities are as varied as its global spread.
A list of the most relevant international activities helps summarizing the broad scope of BES global presence:
Services to emigrant communities (account opening, savings accounts, remittances processing, etc) Foreign Trade Retail Banking Corporate Banking Private Banking Investment Banking Project Finance Wholesale Banking Treasury A team of committed relationship managers will provide you with all the assistance needed in devising the most adequate solutions whatever your Bank's specific needs are. Visit the Financial Institutions Group page to know more about its range of activities.
Abou IGIA Inc : IGIA, Inc., through its wholly owned subsidiaries, Tactica International, Inc., Shopflash, Inc., and Kleenfast, Inc., engages in direct marketing and distribution of proprietary and branded personal care and home care products worldwide. The company designs, develops, and sells its products under Milinex and Wind Storm brands. It offers a range of hair removal products and accessories for men and women; beauty care products, including skin care, hair care, body care, cosmetic and nail care, skin doctor, and foot care products; personal care products, including dental and oral care, bath and body care, cellulite treatments, creams and lotions, and other accessories; and wellness products, including health and fitness, diet and weight loss, massage and relaxation, and other accessories. In addition, the company sells products in the ‘As Seen on TV’ market, which include vacuum products, household and other products, kitchen accessories, and sleep solutions. IGIA distributes its products through retail outlets, popular mail order catalogs, and directly through its Web sites, primarily www.igia.com. The company was founded in 1992 and is based in New York City. Tactica International, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in March 2006.
A few seem to think this is fake and has been used before with different stocks... just a heads up.
Posted by matto on :
quote:Originally posted by Purl Gurl: Total Assets 1,554,162 TOTAL LIABILITIES 16,161,669 Total Deficiency in Stockholders’ Equity (14,607,507)
First Quarter 2006 Loss (3,310,815)
On October 21, 2004, Tactica, our principal subsidiary, filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code....
On January 13, 2006, the Bankruptcy Court issued a confirmation order approving the Revised First Amended Plan of Reorganization Proposed....
The operating losses, negative working capital and net worth raise substantial doubt about the Company’s ability to continue as a going concern.
A civil complaint was filed on December 2, 2005 in the United States District Court Southern District of New York....
On July 7, 2006, IGIA was served with a Summons and Complaint filed in Los Angeles County Superior Court, Los Angeles, California....
Although our net sales increased, our sales and cash flows were constrained by a lack of cash needed to purchase and ship product to customers in a timely and consistent manner and by a disruption to operations....
We began the three-month period ended May 31, 2006 with negative working capital of $21.9 million and $7,877 in cash.
...we noted an unusually high level number of calls from customers concerned about their order status and PCA’s inability to effectively handle matters. In addition, our credit card merchant banks also noted an elevated level customer inquires and chargeback requests. As a result, the credit card merchant banks increased the amount of cash they withheld from customer orders and placed in rolling reserves and they delayed releases of funds to us. As a result, we did not have sufficient cash to obtain all of the product needed to fulfill customer orders on hand which led to order cancellations.
The media placement agent has demanded that we repay all amounts outstanding, which are approximately $1.3 million, and has acted to exercise contractual rights to assume control over the sales campaigns.
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Appears you readers are not performing research.
Purl Gurl
Purl Gurl. Thanks for posting. Many investors will buy stocks that you don't like. Please say something bad about the following stocks: INXR, XLPI, DYHP, and IVOI, so that investors will jump in.
Posted by TruthLiesWithin on :
Was trading close to .12 not long ago anyways..
Could be a .10 cent stock again easily.
Posted by Vagabond on :
quote:Originally posted by cool running on July 26, 2006 11:41: Well, that's it folks I sold out, yesterday and this morning. I'm done with pennies and will stick to shorting the big boys and playing the options. Hope this gets to dollar for you all! Take care and GLTA!!
Damn I bet your PO'd Just reading back through this thread! I guess one never knows!
Vagabond
Posted by Ripler on :
damn yesturday i was reading the PRs and I had 2 stocks I was thinking of getting into..either IGAI or one other..i DID NOT choose IGAI
hehehe
gj guys
Posted by skip on :
been watching this for weeks, kind of studying it's trading pattern, waiting for a time to get in. opened my streamer this morning and was shocked! watched this all day long with funds tied up (as I'm sure some others did too). actually first saw it when it was up around 380% and thought it was too risky. ha! oh well, at least I know what a 1400% run looks like throughout the day on the L2... Posted by worthashot on :
Holy S! I have been gone all week and only had a little IGAI and XKEM in my account. What a great surprize to see this!
Posted by money 76 on :
wow gr88888888
Posted by money 76 on :
gr8 day for me.
hope to see more igias in coming weeks.
july turns out to be the best month for a lot of folks here.
Posted by beechwood on :
This story may not be over yet. If she drops to .01 it may spark another rally. It's already halfway off the high of .06 or so. Worth keeping an eye on it anyhow. Congrats to you guys who hit big on this. Wish I'd been along for the ride.
Posted by foxtrot6 on :
This was up like 600% yesterday and no posts on it ????
Posted by matto on :
1,300% and it was posted all day!
Posted by IMAKEMONEY on :
Now .0189 Gotta be fast!
Posted by TBOR on :
[QUOTE] Thanks kdb83182, you answered some of my questions back then when we were sweating it out. I got to sell at 0.0055! You are a very thoughtful person. Good luck in everything you do. Feels so good.......![/ QUOTE]
Looking at my previous post, meant 0.0550, instead of 0.0055. A hell of a day.
Posted by will on :
AHH! Good old IGAI, lost, but not forgotten by many.
Not looking to get back in, YET. It sure is shaping up nicely though. Might bounce off of .01 or so, but isn't near ready again.
I'll be watching. in the meantime, you might like ILST. Posted the bottom at .012, hope some of you caught it there. I believe it has some left in it, with faith and patience it might make some $, check out the thread.
Posted by will on :
Just keep watching, it's getting closer every down day.
Posted by Camelboy on :
We are under a penny now again. You think its time to start taking a position in this again?
Posted by 10of13 on :
NO! LOL..not yet.. Posted by Camelboy on :
Im guessing wait till closer to .005
Posted by kdb83182 on :
I'll definitely be watching for a bottom on this one again (Prob. around .005-.004)...that was a TASTY run.
GL ALL!
Posted by SincereX13 on :
Yeh I bet it will go to .004 again but I am definatly keeping an eye on it.
Posted by SincereX13 on :
Did anybody notice this by the way?
To obtain funding for the purpose of payment of general corporate and operating expenses IGIA, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with New Millennium Capital Partners II, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC (collectively, the "Investors") on July 27, 2006 for the sale of (i) $500,000 in callable secured convertible notes (the "Notes") and (ii) stock purchase warrants (the "Warrants") to buy 75,000,000 shares of our common stock.
On July 27, 2006, the Investors purchased the $500,000 in Notes and received Warrants to purchase an aggregate of 75,000,000 shares of our common stock. The Company received net proceeds of $89,933.79, after deducting expenses of $15,066.21, and $395,000 was placed in escrow to be distributed to the Company in equal payment over the subsequent four months.
The Notes bear interest at 6%, mature three years from the date of issuance, and are convertible into our common stock, at the Investors' option, at a conversion price equal to the lower of (i) $0.04 or (ii) 25% of the average of the three lowest intraday trading prices for our common stock during the 20 trading days before, but not including, the conversion date. As of July 26, 2006, the average of the three lowest intraday trading prices for our common stock during the preceding 20 trading days as reported on the Over-The-Counter Bulletin Board was $0.0042 and, therefore, the conversion price for the secured convertible notes was $0.00105. Based on this conversion price, the $500,000 Notes, excluding interest, were convertible into 476,190,476 shares of our common stock.
We may prepay the Notes in the event that no event of default exists, there are a sufficient number of shares available for conversion of the callable secured convertible notes and the market price is at or below $.06 per share. The full principal amount of the Notes is due upon default under the terms of Notes. In addition, we have granted the Investors a security interest in substantially all of our assets and intellectual property as well as registration rights.
The Warrants are exercisable until seven years from the date of issuance at a purchase price of $0.009 per share. In addition, the exercise price of the Warrants is adjusted in the event we issue common stock at a price below market.
The Investors have contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of our common stock such that the number of shares of the Company common stock held by them and their affiliates after such conversion or exercise does not exceed 4.99% of the Company's then issued and outstanding shares of common stock.
In addition, in connection with the foregoing financing, the Company has agreed to amend the terms of the $760,000 in notes issued to the Investors on June 7, 2006 to provide that the notes are convertible into our common stock, at the Investors' option, at a conversion price equal to the lower of (i) $0.04 or (ii) 25% of the average of the three lowest intraday trading prices for our common stock during the 20 trading days before, but not including, the conversion date. The notes when issued were convertible into our common stock at a conversion price equal to the lower of (i) $0.04 or (ii) 35% of the average of the lowest intraday trading prices for our common stock during the 20 days before, but not including, the conversion date.
Posted by Camelboy on :
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Yahoo has them valued at $1.62M, so just by that comparison, you get a fair value of $0.0312. Of course pennies don't trade in that real world stuff.![[Cool]](cool.gif)
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