The license of Light Key will provide the Company the worldwide rights to manufacture and market a (virtual keyboard developed by Endeavour based on licensed technology by VKB Inc.) by transferring of the license, and the developed product from Endeavour. The Light Key will be an accessory product to appliances such as PDA's, hand-held, cell-phones, laptops, etc and will provide the Company a unique product for world-wide distribution. (This license is for an indefinite period) and enables the Company to develop its own intellectual properties in design and engineering for its exclusive products without the need to invest massive capital for "core technology" development. Through Edeavour, the Company plans to enhance the Light-Key product line by adding complimentary technologies, and product enhancement. http://www.sec.gov/Archives/edgar/data/1269155/000109432803000311/ibizinc10sb110503woex.txt
posted
Great potential... but not so great management in this company.
From a couple hundred million outstanding shares to over 1.2 BILLION outstanding shares in the past few months. A history of management posting false reports, and the mangement just issued to raise their salary... all while the price continues to drop.
I was really hoping this would pan out for a nice long-term play, but my timeframe is getting shorter and shorter with this company. Been in for quite a few months, but looking for some good news to reduce my posiition as soon as possible. I'll still hold some for the long-term (up to another year) but the bulk I'm going to be pulling out during the next little run to .0045+
posted
Still waiting on spin off shares. I remember when I sold for profit what happened? They feed me a bs burger still made money but where are my free shares?Did anybody get them?Burned me once your fault second time would be my fault. Be carefull you could still make money on it.Not worth my time untill I get my free shares.
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posted
There have been rumors floating around that IBZT will be featured in some sort of interview on national TV. Like I said though, just rumors so far, but been a lot of talk about it today, so that could explain some of the extra volume today....
Only time will tell, but I'd love to see an interview push this to close to a penny so I can take my money and run before a reverse split. I have a bad feeling this might end up like the last reverse split they had, try to build up the PPS right before the split so that it was sort of "masked" and didn't seem as bad.
posted
Looks like we may see a run to .0035 today. That would be great to see if any big news such as an interview is on the horizon. But with this kind of volume, I'd definately say something is coming up.
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posted
I saw those too Jeremy....they are saying CNBC tomorrow. I tried to buy this morning at .0028, but Ameritrade canceled my order. Not sure why, but I took it as a sign I should just stay away! LOL! No problem with placing orders for anything else OTCBB. I'm a little bummed as I saw an easy 100% + gainer if they are on CNBC.
quote:Originally posted by Jeremy: There have been rumors floating around that IBZT will be featured in some sort of interview on national TV. Like I said though, just rumors so far, but been a lot of talk about it today, so that could explain some of the extra volume today....
Only time will tell, but I'd love to see an interview push this to close to a penny so I can take my money and run before a reverse split. I have a bad feeling this might end up like the last reverse split they had, try to build up the PPS right before the split so that it was sort of "masked" and didn't seem as bad.
posted
psu, i hope this isn't another penny stock to trade certificate only. do you have some unsettled funds tying up your jack?
i have been buying this all the way down to .0022 most recently on 12/17. this stock can move very quickly. i bought it on 11/11 at .0025 and sold it the same day at .0053.
i would like a penny for christmas santa, and a folding pda keyboard please. that would make up for all of those unburnable christmas trees.
posted
It doesn't matter if the CNBC talk is true or false. What is see is big volume and a good price gain, it's going higher , A penny the coming days...
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quote:Originally posted by old mullet: psu, i hope this isn't another penny stock to trade certificate only. do you have some unsettled funds tying up your jack?
i have been buying this all the way down to .0022 most recently on 12/17. this stock can move very quickly. i bought it on 11/11 at .0025 and sold it the same day at .0053.
i would like a penny for christmas santa, and a folding pda keyboard please. that would make up for all of those unburnable christmas trees.
uncle milty
LOL UM, Unburnable trees LOL. Maybe this will back fire when everyone goes to burn their tree after the holidays are over, and it won't burn due to tree safe, then and only then the news will pick it up on what do we do with all of these trees? LOL
posted
Milty....I don't think so. Usually if they are unsettled, it won't approve anything OTCBB. I have tried several others today with no problem (none have executed, but all were/are open with no problems). The IBZT is the only one they canceled from the start.
If you just bought on 12/17, it seems like it should be ok. I may have to check into it.
quote:Originally posted by old mullet: psu, i hope this isn't another penny stock to trade certificate only. do you have some unsettled funds tying up your jack?
i have been buying this all the way down to .0022 most recently on 12/17. this stock can move very quickly. i bought it on 11/11 at .0025 and sold it the same day at .0053.
i would like a penny for christmas santa, and a folding pda keyboard please. that would make up for all of those unburnable christmas trees.
posted
Go ahead and call them, I did. 1-800-234-0707
The guy who answered didn't sound very patient.. but I think he's been getting flooded with CNBC questions. But he did simply say yes, but he could not confirm any further details regarding date, time, show, etc.
posted
IBZT GONNA ROCK B4 CHRISMISS.....IT HAS BROKE THE 0.030 LEVEL NOW TOWARDS 0.0050.. HAPPY TRADIN
quote:Originally posted by Jeremy: Go ahead and call them, I did. 1-800-234-0707
The guy who answered didn't sound very patient.. but I think he's been getting flooded with CNBC questions. But he did simply say yes, but he could not confirm any further details regarding date, time, show, etc.
posted
2pawn, i would say that this is a company that reacts well to news making it a good beta play, but agree more with jeremy that it has fundamental problems with it's current management/business model. if they are going to constantly issue more shares at least a press release explaining the business purpose would calm the waters a bit. if they are funding a realistic business plan with the share issues, i see that as being positive, up to a point. if they are funding executive lifestyle, and the os count starts looking like china's population, no bueno. they need to be forthcoming with their reasons.
i bought 5.5m shares in december in the mid to low 20's based on their reaction to news. i think we are seeing pre news movement. this is proof that these stock discussion boards and the dd and rumors they generate are one of the fundamental reasons a stock moves in the penny bracket.
nowadays you don't need a broker, you need a market psychologist as a consultant.
posted
Looks like we'll ride this to about a .004 close (thank god).
But like old mullet said.. if you dig a little deeper about this company, you will find some interesting facts
As of september 11th of this year, they had just over 500,000,000 outstanding shares. Today, they have well over 1.2 billion outstanding shares.
They have millions of dollars worth of liabilities. They have an operating loss of about 3 million dollars this year...
quote:The following factors raise substantial doubt as to the Company's ability to continue as a going concern:
A. Continued operating losses B. Negative working capital C. Lack of cash from continuing operations D. Delinquent payroll taxes E. Unpaid wages F. Decline in national economy
Management's plans to eliminate the going concern situation include, but are not limited to:
A. Paid some, but not all, delinquent payables and unpaid wages through the issuance of common stock. B. Increase sales through new line of products acquired on July 11, 2002. C. Requested abatement of delinquent payroll tax penalties.
Delinquent payroll taxes? Not paying employee's their wages? Settling a lawsuit for unpaid wages? Issuing over 700 million shares to raise a measley million dollars or so?
Here are what two of the officers have in their contract right now:
quote:1. Salaries from $150,000 to $250,000 for each officer. 2. Bonuses of 1% of total sales for each officer. 3. Options for 120,000 shares of common stock which will vest and be exercisable for a period of ten years. 4. Option price of $0.20 a share.
Hell, I own a corporation too, I'd love to grant myself a 250,000 dollar salary while my company continues to just go further into debt...
All I'm saying is be careful. If you think you are going to buy this stock for sub-penny prices, and in a few months see this at 0.10 cents, you are way wrong. Even at .01/share that would put the market cap on ibzt at over 12 million dollars. They have more debt and liabilities than that.
So.. buy this for a shorter term play because it reacts well to news and has some cool products coming out. But don't buy it thinking if you hold onto it for a year you will become filthy rich.
[This message has been edited by Jeremy (edited December 22, 2003).]
posted
I want to buy in tomorrow too - but think we'd do better waiting 'til 10:30 or so - but you never know - could pull back at open. Closing B/A was .033 x .038 BIG spread
Good luck to us all!
Steve ----------------
quote:Originally posted by 2pawn: anyone have any idea on how it might open tommorow i was thinking about buying more at open tommorow any 1 have any ideas
quote:Originally posted by Love the Market: I want to buy in tomorrow too - but think we'd do better waiting 'til 10:30 or so - but you never know - could pull back at open. Closing B/A was .033 x .038 BIG spread
posted
Been many months in the red, and I was always too greedy to take only a small profit. But I've broke even again at about .0044, so I will not let it go below that level again
Anything extra is just going to make for a more merry christmas
I just caution everyone to not get too greedy, because while this stock moves very well to news and rumors, it falls back to it's old levels just as fast.
posted
Patience if finally paid off I held this for a couple months now. When are they going to have the keyboard available I remember late Dec early Jan? Is this info correct?
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posted
My other sell is at .006, but I have a mental stop at .0044 again. If this doesn't continue up tomorrow, you'll probably see it back down in the low 3's again in no time.
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