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Author Topic: QUESTION ON IBZT
CH
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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
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Purl Gurl
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You should be investing in quality.
You should not be investing in quantity.

This crash of ibzt prices was projected
by a handful of investors, many weeks back.


Purl Gurl


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CH
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YEH THATS WHAT I THINKING 2. COZ I GOT LUCKY ONCE IN NT **** hmmmmmmmmmmmmmmmmmmmmmmmmmm.
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brincher
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I would hang on to it for a few weeks.....I think you maybe ok for a small profit....IMO
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Purl Gurl
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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.


Purl Gurl


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CH
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my mistake i didnt research on it that much
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Purl Gurl
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A comparison of larceny and fraud for you.

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.

Fahman has corrected his attitude.

Schilling has not corrected his attitude.


Purl Gurl


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glassman
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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).]


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OilMan
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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.
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Purl Gurl
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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.


Purl Gurl


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OilMan
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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
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Purl Gurl
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SEC v. Kenneth W. Schilling, Civil Action No. 01-0382 PHX-EHC

I have made no mention of outstanding debt.
Why do you continue to twist my words? You
consistently claim I wrote about something
which I did not.

However, there is a new debt which is moving
investor's money into an offshore company.


Purl Gurl


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Hooter
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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.
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Purl Gurl
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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.

All you need to do is read those documents.


Purl Gurl


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OilMan
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Are you refering to the recent 13G reports?
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OilMan
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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.
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Purl Gurl
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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.

Purl Gurl


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Purl Gurl
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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.


Purl Gurl


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glassman
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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.


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glassman
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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
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Purl Gurl
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I would expect Walmart and K-Mart to
carry their keyboards, at least.

"Life is an onion. You spend your life
peeling away layers. In the end you are
left with only tears."

- Kira

Purl Gurl


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CH
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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


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glassman
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ANY STOCK__SHELL OR BLUE CHIP can go up and will go down--just don't bet the mortgage on the micro's---put that on the BIG BOARD and HOPE--LOL


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OilMan
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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.
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OilMan
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ACK! More companies with offshore ownership! Check your companies:
GUSH 9%
GZFX 18%
SIRI 15%

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Purl Gurl
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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.


Purl Gurl


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OilMan
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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).]


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Purl Gurl
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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.

You need to do your research.


Purl Gurl


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glassman
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i beleive i posted that article here somewhere----hmmmm

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OilMan
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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.
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OilMan
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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.
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Purl Gurl
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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.


Purl Gurl



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tasharruf
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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

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Purl Gurl
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You will find a lot of information about
Corvis via the SEC located here:
http://www.sec.gov/cgi-bin/browse-edgar?company=CORVIS&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

Visit the Corvis website as well.

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.


Purl Gurl


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Hooter
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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

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