posted
the agreement between virtual device and ibiz technology
During the two-year period beginning on the date of shipment of the first Product and ending twenty-four (24) months later, iBIZ must meet the following criteria for automatic renewal of this Agreement,
1) Sale of 1,000,000 units. 2) Sale of 50,000 units per quarter.
posted
Anyone here remember Uncle Milty aka Old Mullet? If I remember right he made a bundle on this one when it was running a couple years back. Wonder what he's up to.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: Anyone here remember Uncle Milty aka Old Mullet? If I remember right he made a bundle on this one when it was running a couple years back. Wonder what he's up to.
Yes, I remember him well...nice guy. I myself lost a bundle on this POS...
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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Let's assume that IBZT only sells 50,000 VKey per quarter . That is $99.99 x 200,000 = $19,998,000 per year.
COSTS:
1. Manufacturing According to Ken, the manufacturing cost is only $40 initially and $20 shortly thereafter. Since pps is based on future profits we will use the $20 figure. $20 x 50,000 = $1,000,000 per quarter.
$1,000,000 x 4 = $4,000,000 per year
2. Retail Costs Retail costs in major outlets, like Radio Shack can be as high as 30- 40%. Let's take the 30% figure because IBZT will be selling at cheaper places and through their own website.
.30 x $19,998,000 = $5999400
3. Overhead Re overhead costs, lets assume they are 50% of manufacturing costs, say $10 per unit. That is 10% of retail sales.
6. Back taxes and legal fees. This is pretty insignificant on a yearly basis right now; however, since we do owe back taxes in the neighborhood of $68,000 and there is an outstanding lawsuit, let us assume a yearly cost of $15,000.
Total costs = $13,082,100
Earnings = Total Revenue - Total costs Earnings = $19,998,000 - $13,082,100= $6,915,900
Dilution: Total outstanding shares = 3.883,billion shares. I will revise my long term O/S estimate to be 4 billions shares, instead of the current O/S,
Earnings per share = $6,915,900/4,000,000,000 = .0017 cents per share.
Use a very conservative P/E = 45. This is very, very conservative for a growth stock.
pps = P/E x Earnings per share pps = 45 x .0017 = .0765 per share.
Posts: 45 | Registered: Dec 2005
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posted
CSI-Miami, had a virtual keyboard on the show last night. A women was using it when her boss wasn't looking, to send insider stock info hidden in a blog to an accomplice. Theres no question that they exist and I know that there are more than one manufacturer of them. I haven't messed with ibzt since JAN 2004 when they were going to sell the keyboard. The stock went up to .035 I sold and then it crashed.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Yeah, I saw that too on CSI-Miami! I said, "oh there's THE virtual keyboard"! I had to keep my mouth shut after that 'cause I didn't want my spouse to know how much money I lost on this stock. Oh well... next~!
H
Posts: 17 | From: San Diego | Registered: Jan 2006
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