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IBZT This week sales begin on lazer keyboard
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[QUOTE]Originally posted by Been_there_done_that: [QB] I just read the iBIZ statement of claim, and a few things stuck out in my mind. First, the iBIZ claim states that NO keyboards ever arrived that weren't defective. Not just that they didn't have the proper certification, but that they didn't work right. Where is the guy who was posting on here that he had one... did an online review, posted a link etc...? Would like to know a little more about how that came about! Secondly, the claim states that they paid $400,000 for 4,000 VKBs. I'm not a mathmatician, but I got as far as Calculus II back in the day, and my 6th grade nephew confirms my numbers here - it comes to $100/VKB. Now, if these things were being listed for sale (retail) at $99, then Circuit City (and other retailers) must have been ordering them from iBIZ at enough of a discount to be able to sell for that price with a standard mark-up built in. I suppose the question I'm asking here is what kind of a loss per unit iBIZ was planning on taking. Makes me a little glad that the units never shipped. Thought number 3 - iBIZ states that Enterprise had claimed a relationship with VKB which gave them licensing rights for marketing in the USA, and that iBIZ was in turn granted this right by Enterprise. The claim further explains that Enterprise, in fact, never actually had been granted this right by VKB and was not authorized to grant it to iBIZ. If this is the case, then it wouldn't matter if iBIZ found another manufacturer or not... they don't have the legal right (authorized by VKB) to market this product. This isn't simply a matter of needing a new manufacturer... they don't presently appear to have any authorization to even bring this product to market. Gee... now that IS a little problem! I'm glad to know iBIZ is seeking damages beyond the $400K, as this will certainly devastate their business reputation when it comes time to market BlueDock and other products. Actually collecting on a settlement may be a different matter though. If the 3 amigos (the "Israeli connection") skip town and disappear, then iBIZ has nothing but what may turn out to be a shell corporation (Enterprise) to collect from. Maybe they can get a few used desk chairs or something. I once posted that all we needed was a monkey and an organ grinder to complete the picture. I think I hear Chim Chim warming up! At this point, about the only other thing that could possibly go wrong would be if the SEC started an investigation! UM... oh yeah... there is THAT little issue. Guys, I'm going to hold my shares long. Not adding to my position though until I feel that I have gotten sufficient entertainment for what this has cost me so far. When I see the whole thing as an interactive comedy or possibly a real-time virtual legal drama, it suddenly has more value in my eyes again. Can hardly wait for the next news release. This is as good as watching the Sopranos... except it didn't cost me $20K to watch THOSE episodes. [/QB][/QUOTE]
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