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Ibiz Technology Corp (OTC BB: IBZT) Last Update: 4:46:00 PM ET Aug 19, 2004
iBIZ Technology Corp. Receives SEC Formal Order to Conduct Investigation
PHOENIX, Aug 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- iBIZ Technology Corp. (IBZT), an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, has been advised by its legal counsel that the SEC has issued a formal order to investigate and take the depositions of certain officers and directors of the Company.
About iBIZ Technology Corp.:
iBIZ Technology Corp. is a manufacturer and distributor of accessories for personal digital assistant (PDA) and other handheld devices. iBIZ is recognized for innovative, high-quality, competitively priced products that are available through major retailers. For more information on iBIZ products and services, please visit www.ibizcorp.com or call 1-800 234-0707.
Posts: 1872 | From: right here | Registered: Apr 2004
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Do the depositions have to do with the lawsuit....or something else...
quote:Originally posted by WinsumLosesum: Ibiz Technology Corp (OTC BB: IBZT) Last Update: 4:46:00 PM ET Aug 19, 2004
iBIZ Technology Corp. Receives SEC Formal Order to Conduct Investigation
PHOENIX, Aug 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- iBIZ Technology Corp. (IBZT), an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, has been advised by its legal counsel that the SEC has issued a formal order to investigate and take the depositions of certain officers and directors of the Company.
About iBIZ Technology Corp.:
iBIZ Technology Corp. is a manufacturer and distributor of accessories for personal digital assistant (PDA) and other handheld devices. iBIZ is recognized for innovative, high-quality, competitively priced products that are available through major retailers. For more information on iBIZ products and services, please visit www.ibizcorp.com or call 1-800 234-0707.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Wow.. that doesn't sound to good, glad I am out. Maybe put a limit order in at .0001 soon, but I hope for the longs of the company I don't have that opportunity!!
Posts: 120 | From: Dallas TX USA | Registered: Feb 2004
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I am sure somebody out there knows why IBZT is getting investigated, although I do not. Sounds like the SEC got wind of something they didn't like, and they are going to talk to the people at the top of the company.
Posts: 120 | From: Dallas TX USA | Registered: Feb 2004
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Well the answeres are all here in this thread as to the reasons why the SEC is looking into IBIZ's bussiness, Ken schilling continually lied and pumped this stock and never delivered the product, he even said it was in stock and would be shipping soon at one point now he has been trying to do it again and I hope he become's Bubba's b!tch when the lock his lying ass up. I know I will be labled a basher and people will say he's just mad because he lost money...well I am not the only one who was taken for a ride on this a few months ago. never go long on any stock just play the hype and move on! all just my opinion of course.
Posts: 132 | From: LITTLETON COLORADO USA | Registered: Aug 2004
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They are investigating Ken because he pumped this stock continually for a long time with wonderful pr's....people believed him. People bought his stock...he made lots of money promising a product that was continually delayed and delayed...diluted his stock...pumped a little more and then disappeared...lying to investors and to people placing orders to buy the keyboard.
I lost big on this one...if the SEC is investigating this more intensely, you know they have something on Ken and his cronies...Think the SEC stays pretty busy these days...they aren't randomly picking on penny stocks to kill time. I say Ken and his buds are in big trouble. And well they should be!
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A few months ago, when the "laser" certification delay was happening (yeah - right), and the pps was flirting with .009ish, I was hoping for the chance just one more time to be able to buy a million shares at .005 before the run to infamy! - I guess THAT gives new meaning to "Be careful what you wish for".
After the piece on CNBC last New Year's Eve (WoW - can you believe that was 8 MONTHS ago) I had Ibiz pegged for "Stock of the Year". What a fraud the 'man of the year' is. I hope him and Cortellazzi from CDVJ can share cells and they can do to each other what they've been doing to us.
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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Love the Market--looks like you and I have been having the experiences...didn't know you owned IBZT (junk)too.
Thanks for giving me a chuckle on this one and CDVJ. Better than just weeping in frustration...so I share your vision...the one with the two scam artists sharing a cell!! (LOL)
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Ewwwwwwww - I can picture them going at it - and it's NOT a pretty site! LOL
YEah - my picks are atrocious lately. I bought some BICO yesterday at .064 and of course it dropped! Man did the MMs run THAT down the last 7 minutes of the day.
Enjoy the weekend. I need to run out now to the car wash and some errands. Going to Orlando in the morning. I have my 3 kids all at UCF now. 2 starting Grad School on Monday, the other a Junior. I'll be back late MOnday. I MAY call AC later in between 'Important' calls If he answers, I'll let ya all know the lies of the day!
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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You could see this coming a mile away. If you want to read some real bleeding hearts go take a peek at Atomic Bombs site. Its the vaginized version of a message board. Those num nuts over there probably think this is a buying oportunity....lol
Posts: 425 | From: North,Wa.U.S. | Registered: Dec 2003
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Ibzt is going to be alright, I feel it is still going to reach a nice PPS by Christmas. Heres something alittle interesting, Dell is selling thier product. Good sign IMO
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IMO ... the latest news are not good, but anyway (at the moment) it's only a "formal order to Conduct Investigation" and that means nothing. If they don't find anything ... IBIZ will come out as a clean company and it would be good for all ... the the company, share price and the products itself.
So... be cool ... we will see what happens !
;-)
[This message has been edited by be_cool (edited August 21, 2004).]
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While all the news going on makes me run for the Tums, I still have to believe that Ibiz really wasn't totally at fault. Should KS have said he had the stuff in stock...absolutely not. However, if he were passing on info that he was fed, I would think that EC has a lot more to explain. As for the SEC, I would think that they will be looking for motive. If KS and MP were selling their positions like a madmen at $.06 I could see them going to jail but to my knowlege they only sold a small portion of their holdings. Will Ibiz come out of this OK I don't know, but if the SEC fairs well and things start heating up at EC and products come out this could get interesting. I know that's a rosie view but I have to keep the faith...I'm a long way from breaking even and selling won't save much it will only confirm the loss.
Posts: 36 | From: Matthews,NC,USA | Registered: Feb 2004
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I think that's a reasonable view for those of us who are long on ibiz....How much was out of KS control and how much was intentional? The SEC will get to the bottom...The sooner the better....Limited quantitiies of bluedock delivered in the 4th quarter followed by full launch should get some attention and if they pull off the VK we may see some light...I know some folks think we're out of our minds sticking with this stock...but...I've sold for a loss before on stocks where I thought it was hopeless and then wished I held long..and I don't have the anger at KS that others harbor...maybe that's coming after the SEC finds out what happened...we'll see...I hope your on target Hooter...
quote:Originally posted by Hooter: While all the news going on makes me run for the Tums, I still have to believe that Ibiz really wasn't totally at fault. Should KS have said he had the stuff in stock...absolutely not. However, if he were passing on info that he was fed, I would think that EC has a lot more to explain. As for the SEC, I would think that they will be looking for motive. If KS and MP were selling their positions like a madmen at $.06 I could see them going to jail but to my knowlege they only sold a small portion of their holdings. Will Ibiz come out of this OK I don't know, but if the SEC fairs well and things start heating up at EC and products come out this could get interesting. I know that's a rosie view but I have to keep the faith...I'm a long way from breaking even and selling won't save much it will only confirm the loss.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Hooter and Bearclaw, both excellent comments, I am like the two of you, I am not giving up on this one. I personally feel there is a great future for IBZT when Bluedock and VKBs enter the market.
Posts: 1637 | Registered: Apr 2004
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I've lost almost 80% of value...what's the point in selling now? All I have is hope for the future and the fact that they still bash the hell out of this on RB. Somebody short is concerned over there and that gives me hope. Long....It's the only option at this point.
Posts: 36 | From: Matthews,NC,USA | Registered: Feb 2004
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Looks like Hooter, Bigrod40, you and I are keeping the faith ...I know there's others...I'm thinking the next relevant VK threshold is contracting with the manufacturer...On 8/5 Ed Lewis said they were talking to a reputable electronics company in China...anyone know how that's going?
quote:Originally posted by Marva18: I am still holding long on this one with all of its disappointments.
The key thing is that the VK and Bluedock are unique products and if they are first out with these then hope for the best.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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quote:Originally posted by Bearclaw: Looks like Hooter, Bigrod40, you and I are keeping the faith ...I know there's others...I'm thinking the next relevant VK threshold is contracting with the manufacturer...On 8/5 Ed Lewis said they were talking to a reputable electronics company in China...anyone know how that's going?
Lurking and holding long here.....The applications for the VKB in Health Care nationwide and worldwide are endless, with all the new infectious "bugs" out there, (a majority of them spread by contact), this keyboard will be a dream come true for Hospitals etc etc etc......There are "dirty" keyboards everywhere in Healthcare with more and more added each day as institutuins move to an electronic patient record.
Just my thought (but somewhat subtantiated)
Pieman
Posts: 31 | From: Fish VA 22939 | Registered: Jul 2004
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Hey Pieman...do you work in a hospital? If so , have you heard or read anything concerning the VK for you guys? My kids teachers talked about it last spring in HS...I haven't heard much at all in the general public other than these sites...Have you?
quote:Originally posted by Pieman99:
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Bearclaw, I am a Health Care professional and (we) have just moved to an electronic patient record in my institution....(we) have keyboards with wireless PC's up and down the hallways....A prime concern of the Inforatin Systems folks is damage to the keyboards from spills. The prime concern from the Infection Control Department is cross contamination with so many keyboard users seeing different patients....In conversations with these folks a device like the VKB could prevent a host of potential technical and infectious probems from occuring.
Pieman
Posts: 31 | From: Fish VA 22939 | Registered: Jul 2004
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LOL- i was just playing, there were days when there were 5 new ibzt threads being made. Just noticing it wasnt as pumped these days.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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If you have been keeping up with the PDA/mobile market, you've probably seen this before. I first remember hearing about this technology a couple years ago - a virtual keyboard is projected onto a flat surface and an infrared sensor will detect the interruption in the laser beam. This would be interpreted as a keystroke. Sounds interesting, right?
Well, unfortunately, it only ever sounded interesting. A company called "iBiz" claimed to be releasing a product like this earlier this year, but that was the last I'd ever heard of it. I've never seen this product actually on a shelf (which isn't a good sign), and information about its availability is lacking.
Adding to the mystery is the Japanese firm "Tanomi," who last week began accepting orders for the same product. I'm more convinced that this time it's true, likely because of the demonstration video posted at Impress Watch and the ~$270 price tag.
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Sell all shares concerning virtual keyboards instantly. All involved partys are facing massive lawsuits because the rights were stolen from a Siemens Employee. No wonder the origin issue seemed sticky.
Posts: 4 | From: Israel | Registered: Sep 2004
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