Ken Schilling has spent the better part of 24 years building this thing! It will not happen overnight!
I know! Many would have us believe there's a chance VKB may not work & might not even make it to the shelves of retailers. Are you going for that? I'm not! That's the only reason these shares were so cheap.
Soon enough people will realize Ken Schilling isn't begging to go to jail after all the recent promotion. No! He's actually going to deliver VKB even while he's in Germany creating a splash, then a wireless VKB this Summer, then Blue Dock before Christmas & who knows what's next. Anyone who has not been so dumb as to let go of their shares the last couple of weeks will be pretty happy in the months to come.
In my very very humble oppinion this will not be a penny stock forever. Two years at the outside we're over a buck!
posted
Whiz, I concur with all you said. The icing on the iBIZ cake would be the company buying back more shares, but even without that, I am very comfortable with my position here. Matter of fact I just got a lil more today!
I'm off to Vegas for the wife's birthday(St. Patrick's Day!!) Hopefully roulette is good to me, and I can make up for the a$$ raping I took last week in my feeble attempt at swing trading! LOL GLTA this week.
quote:Originally posted by whizknock: **I WAS REMINDED BY A FRIEND!**
Ken Schilling has spent the better part of 24 years building this thing! It will not happen overnight!
I know! Many would have us believe there's a chance VKB may not work & might not even make it to the shelves of retailers. Are you going for that? I'm not! That's the only reason these shares were so cheap.
Soon enough people will realize Ken Schilling isn't begging to go to jail after all the recent promotion. No! He's actually going to deliver VKB even while he's in Germany creating a splash, then a wireless VKB this Summer, then Blue Dock before Christmas & who knows what's next. Anyone who has not been so dumb as to let go of their shares the last couple of weeks will be pretty happy in the months to come.
In my very very humble oppinion this will not be a penny stock forever. Two years at the outside we're over a buck!
------------------ "A good friend will bail you out of jail, but a true friend will be sitting next to you saying "Damn, that was fun!"
posted
BTW someone posted that IBIZ will be showing at an Auto show in NY next month, which is true, I'm just not sure if it is OUR iBIZ. Might want to check it out. http://www.autoshowny.com/html/body_level_four.html
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posted
Reading a popular science magazine and seen an advertising section for new products, seems like a good idea for IBIZ to get some public exposure in a large magazine at very little expense.
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posted
WHOOOOA!! Do you think this is a good indicator of where this company is heading in the future?
Direct quote from Q1 report ending January 31, 2004:
"Revenues increased by approximately 115% to $161,949 in the three months ended January 31, 2004 from $75,310 in the three months ended January 31, 2003. The increase was in product sales resulting from the addition of new customers, the increase in volume sales to an existing national retailer and introduction and sales of our new products."
[This message has been edited by opiate94 (edited March 15, 2004).]
posted
ok, ok, just one more quote from the Q1 and I'm done :
"Based on the initial reception of our new product, the "Virtual Keyboard" (set to be delivered to retailers in April 2004) and the continued success of our Pocket Radio product, we are confident that our cash flows will be positive in 2004. We currently have a backlog of orders totaling $650,000."
posted
Only a few things bother me here. One is this backlog thing is still going on. Now instead of 1 Apr for the VKB it is just Apr. I feel the reason cash flow is up is due to their acquring Synosphere and the Circuit City deal was not played up today as going thru with all the items being shipped. All no I am a big bull on IBZT but until I see real hard #####s on sales I will just set tight and hope for the best. Oh there is one super positive. Nothing about Canesta lately. It will reappear though went IBZT starts to move into the .05 and .06s again.
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posted
so what do you people think will happen to the price in lite of this filing...and other events..what does tomaro hold for us. will the fileing be talken good or bad????
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posted
I think the filing will be taken as overall good, b/c there were more positives than negatives, and it really showed that iBIZ is a growing company, and has potential, which is basically what we all look for when we invest in a pennystock business, right?
I would say we close UP slightly, and due to market conditions recently, closing UP slightly is a great accomplishment IMO.
quote:Originally posted by Neo: so what do you people think will happen to the price in lite of this filing...and other events..what does tomaro hold for us. will the fileing be talken good or bad????
[This message has been edited by opiate94 (edited March 15, 2004).]
posted
Question: wouldn't the report of $650,000 in backorders be ONLY for the quarter ending 31Jan04? If so, then that would mean the CC order is not reported on there, and the VKB's in that order totaled $297,000 right? Together that's $947,000 in backorders. That means that internet sales would only need to total 535 units ordered to bring the backorder total to over $1,000,000 as of today. That is a sweet number, and is not fact, but based on these numbers it very well could be. Anyone think I'm nuts here?
Please let there be no more problems with the production!!
quote:Originally posted by opiate94: "Based on the initial reception of our new product, the "Virtual Keyboard" (set to be delivered to retailers in April 2004) and the continued success of our Pocket Radio product, we are confident that our cash flows will be positive in 2004. We currently have a backlog of orders totaling $650,000."
posted
Good call. Could you NOT odrder the VKB prior to 1/31? Also, wasnt the ciruit city purchase AFTER 1/31, meaning it WOULD NOT be included in the $650k?
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posted
iBIZ officially started taking orders of the VKB on 08Jan03, but the CC order was announced on 12Feb04. So..that's why I asked that question.
quote:Originally posted by TimN88: Good call. Could you NOT odrder the VKB prior to 1/31? Also, wasnt the ciruit city purchase AFTER 1/31, meaning it WOULD NOT be included in the $650k?
[This message has been edited by opiate94 (edited March 15, 2004).]
posted
someone should let popular mechanics know about this. maimailto:Pmwebmaster@hearst.com They have a section with new/intersting pieces of technology, which the vkb might classify as.
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That's what I thought. So it's true then they could easily have over $1,000,000 in backorders as of today. Man I can't wait until THAT PR comes out. Imagine this:
"Over $1,000,000 in Virtual Keyboards on Backorder!"
There's a slight chance that the pps would rise if that was ever released, huh? <---tons of sarcasm LOL LOL
quote:Originally posted by whizknock: Circut City will be reported next earnings report!
posted
Opiate; It's hard to tell what effect these earnings will have on this stock near term! This market is pretty fickle & sometimes downright silly. But I see a long term future for this company that probably would seem too optimistic to many investors! Just same I think we see a move up tomorrow. The Technicals are on our side as we're still very much over sold!
posted
The 10k represents the soul fundemental that will determine the future of the company and it's stock price.
From the thousands of posts on this and many boards, this 10k confirms what they have reported to us, and tells the truth of what this company has done to:
1) Emerge a relatively debt free company. 2) Leverage the belief in their busniess plan and products via issuance of stock in strategic ways.
First, what they have reported to us and the investment world about elimination of debt is TRUE according to the financial statements. The fees for stock conversion are their main expense in their income statement. The next quarter should reflect a similar or lesser amount for this conversion fee. But, as is also shown in the 10k...they are debt free.
Second, concerning the stock issuance. They obviously believe in taking the fullest advantage of shrinking cellular & computing technology. They feel that the VKB for pda's, handheld PC's, cell phones and smart phones will open up a global market worth 10's of millions of dollars. The bluedock will be able to link pda's and handheld pc's (and smartphones maybe) to peripherals, taking fullest advantage of shrinking technology. The result will be even more of an increase to gross sales.
We can clearly see they used the issuance of stock to bring them to this very time, which is at a breakpoint. Yes, I was encouraged that net sales increased 131% over the previous year, and that cost of sales were very much in check. The market should respond to that. However...after April 1st, they are poised to turn this balance sheet and statement of changes in financial position on it's head.
The market can add numbers very quickly and will respond in a positive manner just as quick when sales agreements are released.
Other companies trying to advance a product or idea have a hard time getting exposure and traction, thus their attempts at share leveraging to enter a market were at a high risk. Here, the O/S did not rise to epic levels (such as qbid and others), but most important to the market will be the retail agreements for vkb's, sales of existing product line, and new opportunites and markets that may open up...thus reflecting in a balance sheet with gross sales in the 7 and 8 digits in the quarters after the vkb release. Remember, I have mentioned other companies in previous posts who have major net losses, but their stocks have moved very strong because of high sales and solid potential. IBIZ is no exception, but they have a good chance to turn quick profits on their operations as opposed to other companies where sales aren't that strong, or costs to sell are higher. I would also look for a share buyback as revenue accrues, as they have bought back shares in the past years.
In sum, the dd is out there. The real potential has been known since late Decemeber. These numbers reflect what they have informed us and they report what products will drive their future. The market waits the beginning of the new IBIZ Technology. And it won't be much longer for the whole world to see. Bo
[This message has been edited by Bo14172 (edited March 16, 2004).]
I swear I wasn't even considering the earnings report period. Hell all I was thinking about was shipping & Germany just like everyone else. Earnings? No one mentioned it hardly.
No wonder Ken didn't sound worried in that interview he did. Remember he said they needed about a million to carry them through this year. He already knew they're as good as cash flow positive & it looks like he's going to scare up some 70 million dollars in revenue "if they under perform!"
Surprise me!
When they said 115% climb in revenue!
$650,000 in back orders!
Ken hasn't even taken the show to Germany yet & VKBs will be flying off the shelves this entire Summer!
I'm not sure exactly when but there's a run comming. We may stall at .11 & might even come all the way back to .08 before "scared money" (bashers, I mean you did know they were buying, right?) bails & takes meager profits! Yep, then swing traders start buying big. Somewhere around .15 momentum traders will have started piling on & then everyone will see the alarms going off on their screens & all hell will break loose for about three days! That's right, at least three days! Sometimes more. You've seen it many times before with the SIRIs, WELs, BCONs, NEOMs & so on. You people can name many I left out. Nice thing about this company is "WHEN" we go, our fundementals will be tight.
I know this sounds crazy but an R/S might not happen here. We are exactly the type of company that really benifits from it in so much as we're an up & comming, slipper wearing Cinderella! I'm not saying it won't happen but just don't be shocked if it never becomes an issue.
Yep! They surprised me! I wonder, was the street surprised? Does that cause a spike? Right about now I'm fondly visualising Dragon's charts where it's clear that this thing is VASTLY OVERSOLD! Woops sorry about those caps!
Yea we may not take off tomorrow but in the not too distant future I would have to say we're primed for a monster run!
Looks to me like after 24 years of devotion, Ken's about to realize all his dreams. Couldn't happen to a better guy!
posted
Hey purl I am not bo but I was thinking with that percentage have anything to do with that none of the orders have been filled yet and that in there filing it stated that they do not count it as revenue untill the product has been delivered. Thus it seems they have not recieved a dime for all those back orders "YET". and they are surrviving of there other products in this period of mass production.
Just my thought good be wrong lemme know what you think!
COST OF REVENUES 121,745 91,735 ------------ -----------
GROSS INCOME (LOSS) 40,204 (16,425)
Purl, I'm not sure what your referring to, or honest, I would try my best to answer you. You mention the cost of revenue percentage. From the figures from the 10(k)(see above), the numbers reflect a dramatic improvement even without their key products involved in the mix yet. To compare:
1/04 1/03
Cost of Rev/Sales 79% 139%
Cost of Rev/ Total Revenue 75% 121%
Gross Income $140,204 ($16,425)
The cost of the convertable debt shown later in the income statement is what reflects their leveraged position (ie. their cost) to grow this company's future dramatically. I mentioned this in my previous post.
Again, I would honestly try to respond to any valid topic anyone wants to mention. I just wasn't sure what you were referring to. I hope this posts clarifies the cost of revenue issue you raised. Be well, Bo
posted
Not sure why the copy and paste 10k numbers in my previous post didn't line up the columns in the previous post. For that matter, not sure why the chart I made looked like scrambled eggs either..lol
To summarize,
Cost of Revenue/Sales (1/2003) 139% Cost of Reveue/Sales (1/2004) 79%
Cost of Revenue/Total Revenue (1/2003) 121% Cost of Revenue/Total Revenue (1/2004) 75%
Gross Income (1/2003) ($16,425) Gross Income (1/2004) $140,204
As stated in my post of last night on the previous page of this topic, these numbers are positive, and don't yet reflect the introduction of the vkb and their upcoming products. The increase of sales in their existing product line however do obviously reflect consumer and market awareness in the month of January 2004. Bo
posted
Hummm, I wonder where we'll be posting about IBZT in a month or so? Sure won't be Micro Penny Stocks!
BTW: Bo, You mentioned the turnaround that was visable back in DEC 03. That is exactly what I saw @ .0021 PPS. That's why I put my Nickle in here & have been buying ever since.
posted
Bo, I cannot find that 110 percent figure I cited. Clearly I lost track between reading their 10Q and posting here.
There is some confusion for me. Previous filings cite a 107 percent cost for sales, but this new 10Q cites a greater figure for previous filings, I think it is 122 percent or so, when it use to be 107 percent.
I am trying to understand those numbers and figure out why current numbers do not match well with numbers for early to middle 2003 year reports. No restatement filed, just odd differences in cited numbers.
There is a five-million or so write off being cited. I have not yet found the source of this write off.
I pop in and read periodically to see what is going on, but am not all that well versed on Ibiz, nothing in detail.
posted
Well so much for the report for today. I still think everyone is waiting on actual shipping dates and sales #s. Now saying that this little bull is trying to buy more at .035 as I can see it coming. Everyting is starting to build to a boiling point. If someone would just say that the CC order has been totally filled I would feel a heck of a lot better and the plant in asia was being opened to support the mass volume of orders. Good luck to us all.
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Anybody having problems getting their orders filled through Ameritrade? I'm trying to add more IBZT shares @ .035. My order's been in "open" status since the market opened. Similar problem w/ USCI @ .0006 for the past two days...I finally gave up on it.
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