posted
NE BODY THINK IBZT IS GOING UP IF NOT I JUST GOT F**K THEN AS I BOUGHT 2 MIL. SHARE IT ON 0.0412
Posts: 67 | From: SA,TX,USA | Registered: Feb 2004
| IP: Logged |
posted
YEH THATS WHAT I THINKING 2. COZ I GOT LUCKY ONCE IN NT **** hmmmmmmmmmmmmmmmmmmmmmmmmmm.
Posts: 67 | From: SA,TX,USA | Registered: Feb 2004
| IP: Logged |
posted
If ibzt continues to maintain its average fall rate, ibzt should be at .03 in about fifteen to twenty days.
Recently crunched some numbers on ibzt, which I elected to not share.
Based on yearly losses of over six-million, accumulated deficit of twenty-four million and cost of sales at one-hundred-seven percent, ibzt will never sell enough of their keyboards nor other products to move into black ink.
This ibzt is a classic pump and dump stock.
There exists many danger signals, some of which are extremely serious and of a clear criminal nature, which pumpers have taken care to conceal or downplay.
I hold a stock, PRVH. The CEO, who currently uses the name Fahman, although his real name is of Vietnamese origin, in the past was caught by the SEC, he and others, for acting at stock brokers without a license. None of their customers loss money, acutally made money, and eventually Fahman refunded all monies, including commission fees. No loss of money for any, no fine imposed.
Schilling, CEO of ibzt, was nailed for more than a dozen counts of securities fraud and was fined twenty-thousand. In this case, customers did lose money and their money was never recovered. I am estimating Schilling cleared at least a quarter of a million, in exchange for paying the SEC a bribe of twenty-thousand.
Fahman attempted to make money through commission fees without investor losses.
Schilling defrauded investors, deliberately.
Have you read Schilling's private email to a variety of investors? You should and you should read carefully to note his attitude about investors. I tried to comment on his attitude but was not allowed to do so.
posted
My concerns about IBZT were triggered when i discovered that MAJOR corps passed on the opurtunity to handle the merchandizing of the VKB product--------------
[This message has been edited by glassman (edited February 24, 2004).]
posted
I have not seen all the facts on the claims above but I am looking into it.Not saying they are correct or incorrect just looking for all the info. Also I have copied this thread and sent it to the Ibiz IR and will see what they have to say. I will post the response if I get one.
Posts: 563 | Registered: Jan 2004
| IP: Logged |
posted
Oilman, I previously provided factual data supporting of which I write. That thread was promptly deleted.
Schilling being fined for securities fraud is a matter of public record. His private emails are now public record. SEC filings verify financial information.
Those who perform even the most simple of research will easily and quickly discover what I found, in a few minutes.
Because of so many losing money, it is unfortunate I was not allowed to discuss those findings. That's just the way it is.
posted
I agrre with the fine Purl, I too have seen that to be in the SEC reports. The only debt I can find however is the 1.3 million, the only number I see approaching 24 million is stock deficit which is different than outstanding debt. Could you clarify it for me, I am not trying to be an A$$, just looking at your point of view. I know we have disagreed in the past and if I insulted you I am truly sorry, I am just trying to see your point of view on this. Thanks
Posts: 563 | Registered: Jan 2004
| IP: Logged |
posted
Purl Gurl, you have mentioned many of these concerns before and they concern me too. Unfortunately I don’t have the DD that you do that identifies these concerns other than posts on various boards. Could you provide me a source or link that shows $6M+ losses, 24M in deficit, cost of sales at 107% and 107% of what? You mention many danger signals, could you identify them and show the clear criminal nature? I have seen the 1997 SEC investigation but have not seen any judgements results or fines. This is all getting very confusing because it feels as though there are little facts but a lot of speculation. I want to see the bad and the good but I want it limited to facts. Happy trails.
Posts: 36 | From: Matthews,NC,USA | Registered: Feb 2004
| IP: Logged |
posted
I have provided a case reference for Schilling being sued by the SEC. You will note the SEC includes Schilling as part of their "fraud sweep" hype.
Financial numbers are found in the latest SEC filing by Ibiz.
Movement of investor's money into an offshore company is also found in recent SEC filings.
posted
The deficit mentioned in the 10Q is well known and the bulk of it was accumulated during the pre-spin off. The deficit has actually slowed and we will not know if it has completely turned around until next 10Q is out. When looking at this company it is equivalent to recover from bankruptcy and only time will tell the overall performance. I am still confused on the moving investors money to off shore company except that the manufacturing does in fact take place outside of the US, which is a good thing do to the bargain prices you can get on production outside our borders.
Posts: 563 | Registered: Jan 2004
| IP: Logged |
posted
Incidently, Glassman, have you noticed some of the keys on that keyboard are in the wrong locations? Being a high speed typist already prone to speed errors, keys in wrong locations, would not settle well.
I have not looked into major vendors declining to carry the Ibiz keyboard. However, this would indicate market analysts hold an opinion the keyboards will not sell well.
posted
Oilman, this new debt places over eight percent ownership of Ibiz in an offshore company. When those shares are dumped, investor's money will be moved offshore. This offshore company is also in a strong position of manipulating share prices thus requiring a SEC filing to avoid being in violation.
Schilling's taunting of paying off debt, is not in keeping with creating new debt, which will continue dilution despite Schilling's claim dilution will not take place in the future.
SEC filings contradict Schilling's words.
Schilling also claims, in writing, of having "put his foot down" with debt holders. I am very skeptical. A person who owes money to a company, does not dictate terms of payment. Quite the opposite takes place.
posted
Not vendors rejecting carrying the VKB---companies like HP not carrying it---think--who is leading the BIZ in handheld tech right now--who has MSFT software in their product--who has two kinds of flash memory slots in their product--why wouldn't HP get this license?
remeba grasshopa-it not da answer--it how we ask da question.
posted
the HP foldable keyboard has one flaw (we have found so far)--the space bar is clumsy--it slows down the typing speed--not mine obviously since i only have one typing finger anyway--LOL
Posts: 36378 | From: USA | Registered: Sep 2003
| IP: Logged |
posted
THNKZ Purl Gurl I JUST DUMPED HALF OF MY IBZT SHARES AND BOUGHT & SOLD SOME DOX AND I AM OVER AGAIN AND I AM KEEPING SOME IBZT INCASE IT DECIDED TO GO UP.(LET HOPE ON THAT) RUIHGFUJKEHFR455568366653653535655IHDHHU
WHATS WRONG WITH MY KEY BOARD MUST BE IBTZ S**T. :P
posted
WOW, Esquire Trade & Finance Inc also has voting interest in BRVO, MASG, and TCHL.... still tracking the list, they have intrest in a lot of stuff.
Posts: 563 | Registered: Jan 2004
| IP: Logged |
posted
GUSH is actually a foreign business, from our American perspective. GUSH is almost all European interest and is heavily tied to the European economy. They are directly tied to success or failure of the economy and politics of the Republic of Georgia.
posted
Not to pick on GUSH, but Republic of Georgia! Now I am scared of that one, I hope all here relize that if the government there decides that they want the assets they simply take them. McDonalds and Sam Walton found out the hard way.
[This message has been edited by OilMan (edited February 24, 2004).]
posted
Oilman, you need to brush up on their recent political changes. You are sorely behind the times on political news.
Their new president is an American educated lawyer, young and is aggressively attacking corruption, kicking out the old guard and is creating a great enviroment for new investment by companies, worldwide.
posted
U.S. helps put a new president in office and everything is peachy, NOT! Been there done that and it does not work ever. Open up your history book and read on, history does and will always repeat itself. The Republic of Georgia is not even close to democracy.
Posts: 563 | Registered: Jan 2004
| IP: Logged |
posted
Anyway back to the point at hand, many many many companies have portions of the ownership of the company owned by "offshore" entities. So using that to qualify or disqualify a company is BS.
Posts: 563 | Registered: Jan 2004
| IP: Logged |
posted
Amonst the richest and most profitable countries known, are countries which are not democratic. Think Saudi Arabia.
Republic of Georgia is quickly moving towards democracy. Nonetheless, you are missing the point. Georgia is creating an environment which is very favorable for investment. They are "begging" for companies to open and do business there.
Offshore ownership, not always a negative indicator. This depends on circumstances.
Schilling bragged of reducing debt to promote his company while negotiating new debt, without disclosing this. He bragged of dilution coming to an end while setting up a new round of dilution.
Schilling led investors to believe, using Slippery Semantics, keyboards are being shipped. They have yet to produce a single keyboard for retail, according to his now public recent email.
My viewpoint is tainted by Schilling being censored by the SEC for securities fraud. He has provided reason and continues to provide reason, to not trust him.
This offshore deal, I am not comfortable with this. His offshore deal hints of toxic lending or moving of investor's money offshore where it cannot be touched by American laws. I do not know this for a fact and mine is just an opinion based on his track record.
There is a certainty in all of this; investors are losing money.
posted
Hi Purl Gurl, I have enjoyed reading your posts on these forums and am glad to see you back. I am happy that I only have invested less than $500 on the IBZT. However, my question at the moment is what is your opinion about CORV? I am holding about 1200 shares at different prices averaging it about to 2.07/share. Just wanted to have your input. thanks
Posts: 64 | Registered: Jan 2004
| IP: Logged |
Corvis has a lot of cash on hand. It is clear they are not a small company. A quick glance at some documents and February 12 financial reports show they are improving very well. They do appear to be financially healthy based on my brief examination.
Lot of debt in the making recently but they appear to have prudent plans for this money they are borrowing.
You will want to look at most recent SEC filings related to registering of shares. I did not look at those but you will want to determine if dilution is possible.
Look at technical charts. There is quite a story there. At the beginning of this year, Corvis displays a huge upward spike in prices, which is not healthy. I could not find anything which warrants this type of jump in prices.
Nonetheless, there is a reason which becomes apparent when you are in touch with investor perception and trends.
Corvis is considered a "Wi-Fi" stock. All of these types of stocks were "hot" not too long back. This early year spike in prices is related to a bandwagon effect. This is not good and a warning signal.
Why this is not good is bandwagon prices have no support, no basis for uptrending. This jump in prices is strictly due to investors jumping on a bandwagon driving prices up to artifical highs, which always collapse in time. This collapse is well evidenced by technical charts.
Nonetheless, an end result is slightly higher average prices.
Looks like Corvis has support at 2.00 per share but is recently pushed downward by poor market conditions, in keeping with almost all stocks. I would not be alarmed by this fall below 2.00 per share, unless Market Makers latch onto this stock and short it downward.
Technicals suggest prices are trying to push upward, possibly back up to your average per share price. This is not guaranteed but today's market slight uptrend suggests the worst is over for your Corvis stock.
They have a lot of cash, have a good credit rating, have a good business plan and are showing very strong improvement in moving towards a profit condition.
Long term, I would say Corvis has a bright future but you will be in for a quite a roller coaster ride in the near term. It is possible prices will fall to true bottom support of 1.70 per share but should recover in a short time. MACD histograms indicate upward pressure for prices.
Keep in mind I am not familiar with Corvis nor have watched this stock. My knowledge is limited and I have only taken a quick glance at Corvis. You really should perform a lot of research to be sure. Currently, I feel comfortable with your position and personally would hold for future profits, but be ready for a scary roller coaster ride for the near term.
posted
Purl Gurl, I looked at the SEC filing and I see now the 107% cost on sales, however, they list all expendatures within that cost of sales so wouldn't that just be a 7% overall loss? On the $24M accumulated debt there was a line above listing capital to the tune of $17M and the line below the $24M showed the total debt of $6M. I'm not sure what I'm seeing could you explain. The recent financial on Yahoo which came out yesterday shows the debt at $1.3M could you explain the difference? Also the filing does not take into account recent events and sales and orders which have been taking place since CES. Also I have read statements from the company stating there are only 100M shares still to be diluted and then that is complete-that was over a week ago. Where are you seeing that there will be continued dilution? I did look at the SEC fraud charge (of which he neither agreed or denied) and with only a $20k penalty I question the severity of the charge. Your quote "There exists many danger signals, some of which are extremely serious and of a clear criminal nature" still has not been backed up with fact. If there are many danger signals and clear criminal nature it would be nice if you could itemize these so they could be researched further. Have there been impropriaties in the past- I'm sure as I'm sure there are a lot of companys who toe the line. Should they be condemned for these? No but they do need to be evaluated which is why I would like to see more of what you are so passionate about. Personally I don't believe they are running a scam. I don't think Circuit City is running a scam nor do I feel they would allow one to be run on them. I don't believe there is an artificial company in Israel with no product and that this is all a front to pour peoples money into a Canary Island bank account. Now, as I've stated before my interest in investing at this time is to find a stock that I can get a large number of shares of (penny) and hold for the long term basis. My arrangement with commissions does not allow me to daytrade or bounce in and out I MUST buy and hold. If IBZT is nothing but a ruse, a fraud, a scam, a worthless stock with absolutely no chance of any kind of future,fine. Lead me to the promised land where I can buy into a penny stock with a bright future and no risks of which I can buy and hold well into the future. And please provide the ticker symbol. Thanky
Posts: 36 | From: Matthews,NC,USA | Registered: Feb 2004
| IP: Logged |