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Did you notice the first trade today and the after hours trade are the same size (137910). It looks to me that a market maker picked up those shares at 0.0364 and sold them at 0.038 but it didn't get reported until after hours. Thats my guess anyway.
t 0.0364 137910 OTO 16:08:25
0.056 9150 OTO 15:40:42
0.055 9150 OTO 15:40:42
0.039 6000 OTO 09:36:11
0.038 137910 OTO 09:35:29
Thanks for the info.........good to know.
Yes it was from Dec 2007
Found some interesting reading about After Hours Trades on Pink Sheets at this message board site here;
http://megabolsa.com/itwo/viewtopic.php?t=2082
I have been watching this stock daily for going on two years now and today was the first time I have ever seen it trade before the open......alot of volume today also. any clues?
Was that dec 2007 or 2006?
I sent a email weeks ago asking about share count i still have no response.This is why i think this is company dilution i hope i am wrong.If the company would PR share count and if it is 36 mill 6.2 mill float i don't think this thing would be at .035,that would make the market cap $1,260,000(cheep). If any one else has recieved company info about share count please post TIA....JMO
PS I still think it is strange how it trades after hours i have never seen this before in a penny.
Another day of record volume
Oh to be a market maker and be in the know.
That is very positive news now hopefully we don't get screwed by the management team.
'qualified sales funnel of $110 million' - bbbbaaawwwwww!!!! why is absy low balling their sales funnel estimate - what is the total figure for worldwide retail sales - a few hundred billion?????? i think that they should have said 'qualified sales funnel of $1 trillion' - baaawwwww!!!!
Thanks for your post.I will email them see if they tell me the same.
Thought I had lost this email. Here is all I know. This is from an email back in mid December 2007.
There are 36 Million shares outstanding, most are restricted. Free Float, last count, was about 6.2 Million Shares. Management shares are restricted and non-trading.
Mirco caps a lot of times run 500 plus percent check (carn) just went from .10 to .80 however it depends on the number of shares outstanding.Thats why i wish we could find out as/os and float.If you email them they will not tell you.If anyone can help with this please post. TIA...JMO
They talk a lot but don't say anything.I wonder if this will go under .01 before real news comes out.Thanks for your post.
this thing, i assume, will be under a penny soon. hmm, i wonder why management mentioned that $3.50 a share buyout offer?? typical, p&d ...these guys have no conscience!
What is it going to take to make these shares rise? How would a firm order for say 2 million dollars translate? Would the results be substantial (start trading around $1.00) or weak? ( trade around 9-10 cents).
Maybe we should start a pool to see who can guess with the most accuracy. (ex: I say a million dollar order will increase the trading price to 40 cents.) It might help to make this board more bearable during the long periods between press releases.
Here you go MrT11.
Thank you for your recent inquiry.
Our present focus is on the retail market in North America. There have been updates over the past three months in various press releases.
Retail represents are the greatest opportunity and prospects for revenue in the very short term. The order backlog is approaching $1 Million as recently disclosed.
There is interest from Homeland Security but this is potentially ahead of us - naturally we would need an integrator to work on this one.
All public announcements can be found on our web site along with various media articles.
Thank you for your interest.
AbsoluteSKY, Inc.
Investor Relations
Just what i was thinking, you should send that to them as a email see if they respond.
I wonder what happened to these things from the March 15 2006 press release? Especially the last one. Not trying to stir the pot here just beginning to realize that words like FINALIZED, SERIOUS and SOON seem to mean "IN THE NEXT YEAR OR SO".
- Agreements are being "FINALIZED" with a contract manufacturer and new sales channel in specialty retail. These new agreements conform neatly into the Company’s partnering strategy per previous agreements in place with Fujitsu Transaction Solutions, Universal Surveillance Systems and IBM Global Finance.
- Having received "SERIOUS" interest from the Office of Homeland Security, the Company has entered into ongoing technical and product exchanges. Potential has been identified on a number of fronts within this important program.
- An announcement will be made "SOON" regarding previously disclosed financing in the form of a convertible instrument which will be utilized to finance initial orders and growth opportunities.
Dear 'executives' at absolutesky,
releasing virtually the same press release over and over again does not help the stock price - haven't you noticed!!!
to about .0001 and then at that point they will do an r/s back to .01 to bring in new capital and then let it fall back again JMO.....
LOL, How low will this thing go???
I think the decimal was in the wrong place .035
i thought this stock was worth $3.50 a share. BaWWWWWW - i've been punk'd (by mr. frabasile no doubt)
If you go to Fujitsu's Website their Pervasive Retailing Journal for Winter 2008 is out. ABSY's product is featured on the front page.
http://www.fujitsu.com/us/services/retailing/news/prjournal/index.html
Just click on the Download PDF link on that page.
I Agree. Seemed like an awful long time for Staples and Fujitsu to agree on the timing of that press release. On the bright side though the ABSY press release about a growing order book said 1 million in sales by the first of the new year. I would imagine that Staples is the bulk of that. Some quick math here then; 5 stores = 1 million. 280 stores in Canada alone = 56 million. Thats half of the 110 million they spoke about so there must be other prospects. Don't know how many stores are in the US but I would imagine 5 times the Canadian number at least. As long as they have enough cash to keep themselves afloat I see a good future here.
Pop or drop i agree im in the pop camp
Any new E mails if so please post.TIA
I don't understand why they continue to put large blocks(shares) through after market close.I think it could be some one buying up company dulition at least thats what i hope it is
Record Volume Today
Looks like this stock is going to either pop or drop shortly. Lots of volume and a narrowing trading range. Lets hope its the seller and not the buyer that walks away.
NRF is from jan.13-16 in ny.I was hoping they had more news to add to the staples news.Does not make sense why they waited so long.
News
Glad to see they finally released this on the Pink sheets, still very little gain from it. Hopefully this will actually lead to one of the Sales we have all been hearing about....
STAPLES Business Depot Commits to Next Phase of AbsoluteSKY's RFID Inventory Tracking System from Fujitsu
Deployment of Item-level Tracking System Expanded to Four Additional Stores
TORONTO, Jan 14, 2008 (BUSINESS WIRE) -- Fujitsu Transaction Solutions Inc. has received an order from STAPLES Business Depot to equip four additional stores with AbsoluteSKY's (OTC: ABSY) intelliTRACKER(TM) Product Suite in early 2008.
STAPLES' decision follows a highly successful installation of the automated, long-range inventory tracking system by the Fujitsu/AbsoluteSKY team in May 2007 that has continued to reliably produce significant results.
"We tested the system on 1,500 SKUs in one store and we are expanding the project to additional stores," said Joe Soares, the director of process engineering for Staples Canada and Business Depot. "The results have been so impressive that we want to validate that they can be replicated throughout the chain."
Mr. Soares added that the intelliTRACKER(TM) system continuously delivered a 100 percent accurate read-rate and delivered a 21 percent reduction in out-of-stocks for the items that were tracked in a solid closed-loop. His team also concluded that the cost-per-use of the reusable RFID-enabled intelliTAGs(TM) over a five-year lifespan was barely eight cents.
Fujitsu and AbsoluteSKY formed their strategic relationship during 2006 to attack the ever-elusive goal of retailers of "getting the right product, to the right place, at the right time." The feature-rich intelliTRACKER(TM) Product Suite, introduced in 2007, accurately tracks inventory to the item level in real-time while providing an extensive range of customer benefits that includes: increased inventory turns, virtual elimination of missed sales as a result of out-of-stocks and extensive control over loss prevention.
"This project has accomplished everything we set out to do," remarked Peter Sciberras, general manager and vice president of sales, Canada, Fujitsu Transaction Solutions. "The system met all the performance markers for our customer and did so against a very compelling ROI. STAPLES commitment to expand its RFID project demonstrates the value of RFID technology for the retail industry."
"We've been exceptionally fortunate to work with such an innovative retailer as STAPLES in introducing our solution and are truly excited at what lies ahead for all involved," added John Frabasile, president and CEO of AbsoluteSKY.
About STAPLES Business Depot
Founded in Toronto in 1991, The Business Depot Ltd., is Canada's largest supplier of office supplies, business machines, office furniture and business services for the small business and home office customer. The company is an everyday low price retailer. The chain operates stores in all provinces across Canada under the banners STAPLES (R) Business Depot(TM) and BUREAU EN GROS(TM). The company has over 13,500 employees serving customers through more than 280 office superstores, catalogue, and e-commerce. STAPLES (R) Business Depot(TM)/BUREAU EN GROS(TM) is committed to making shopping easy by offering customers three ways to shop - online, by catalogue and in-store. More information is available at www.staples.ca.
About Staples
Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 74,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services.
With 2006 sales of $18.2 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 22 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates more than 1,900 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.
About AbsoluteSKY, Inc.
AbsoluteSKY, Inc. (OTC: ABSY) specializes in the design, development and implementation of the intelliTRACKER Product Suite that provides real-time, long-range, item-level inventory tracking for retail customers. Based in Montreal, Canada, the Company's business model combines strategic, creative and technical skills to deliver end-to-end RFID-enabled solutions that help its clients achieve their business objectives through the use of AbsoluteSKY's breakthrough technology and extensive knowledge of their business operations. For more information visit: www.absoluteSKY.ca.
About Fujitsu Transaction Solutions
Fujitsu Transaction Solutions Inc., a wholly owned subsidiary of Fujitsu Limited (TSE: 6702), collaborates with retailing companies to relentlessly reduce their costs and facilitate consumer interactions that improve their profitability. Fujitsu's Pervasive Retailing(TM) approach enables companies to minimize the time; cost and risk of creating interoperability between disparate applications and devices that support a multitude of consumer touch points. Fujitsu's offering includes solution software, point-of-sale store technology, U-Scan self-checkout systems, self-ordering systems and multi-vendor lifecycle services. Customers include Canadian Tire, Chevron Corporation, Hallmark, H-E-B, Kroger, Loblaws, Nordstrom, Payless ShoeSource, Regal Cinema, Staples, Stop & Shop and The TJX Companies, among others. Web site: us.fujitsu.com/retailing.
EDITOR'S NOTE: For sales and product information call 1-800-340-4425.
SOURCE: Fujitsu Transaction Solutions Inc.
CONTACT: For Fujitsu
Michael A. Burns & Associates Inc.
Neil McGlone, 214-521-8596
nmcglone@mbapr.com
or
AbsoluteSKY, Inc.
Investor Relations, 514-685-5554 ext. 4007
investor.relations@absolutesky.ca
or
STAPLES Business Depot
Alessandra Saccal, 905-737-1147 ext. 2363
alessandra.saccal@staples.ca
Copyright Business Wire 2008
-0-
KEYWORD: United States
Canada
North America
Texas
INDUSTRY KEYWORD: Technology
Data Management
Hardware
Networks
Software
Retail
Specialty
Other Retail
SUBJECT CODE: Contract/Agreement
Well about 400 people attended the RFID Journal Live Canada Exibition in Toronto on Nov 26-28. Our man Joe Soares from Staples was a guest speaker. The event featured case studies from several leading early adopters, including Agence Métropolitaine de Transport, The Boeing Co., CAMI Automotive, CVRD Inco, Dollar Chest, Hewlett-Packard, Loblaw Companies Ltd., Staples Business Depot and Wal-Mart Canada.Here's an outline of what he was speaking on. The link to the website is below;
http://www.rfidjournalevents.com/livecanada/track.php?sectionID=24&trackID=2
Staples Uses Active RFID for In-Store Tracking and Security
Staples Business Depot, the 270-store supplier of office products, recently tested RFID for tracking shrinkage and high value products inside a large Montreal retail store. This follows extensive testing of passive tags for supply chain tracking. Hear where the company found the most potential for each type of RFID tag and where Staples is planning to deploy each.
Speaker:
Joe Soares, Director, Retail Processes, Staples Business Depot
Takeaway:
• Insights into the benefits of using active RFID for product visibility on the retail floor
• Understanding the benefits of using both active and passive tags in retail operations
Sure but who knows if they are going to actually post it or not, I don't see why they wouldn't but from what I have seen by there crappy management it wouldn't surprise me at all to think they keep this in the dark for the time being, but hopefully they surprise us and we see a nice jump in the price.
Hi everyone.......been following absy for a long time now but usually just look at the boards. That was a really nice find on the expanded test, which explains the pps move and volume since the 15 th. This news since it has not been dissemenated as of yet should be seen as very positive once it is officially released dont you think? I purchased an additional 10000 shares after your find.......I believe that you should take advantage of information which has not been seen by the majority of the investing community.
Good job, Great find now if the dulition ends
and they pull in more contracts like general dynamics or another big company hopfully by the end of january we could have a very good 2008. Merry Christmas to all.
Great! news...I was kind of expecting it actually.
The thing is that absolutesky seems to have a great product, but an absolute dumb ass/shady management. What a sad combination.
Wow! JUBU Excellent job on the homework: A+ Thanks for the heads up.
No kidding finally something positive.
Thanks
So Staples did stick it to them over the price. Well at least it will increase awareness and possibly acceptance by others. Good news.
Go to yahoo type in
immg.ob click on impart media files 8k.This is i think what happened to absolute sky except they are on the pink sheets and are not required to file an 8 k. Look what it did to immg's share price and look what its doing to absy.
WOW thanks for all the info.
Lynx consulting was hired by absolute sky to be their PR firm check post#69 (absy ihub board) I called them around 4-10-07 check post #131 at that time they said auth 100 mill outstanding 34 mill float 6.5 million shares. I tried to call and email lynx with no results.If you go back to CEO update 3-15-07 "an announcement will be made soon regarding previous disclosed financing in the form of a convertible instrument which will be utilized to finance initial orders. I have no doubt the product is real you cannot use staples name with a false product ist is a matter of the long over due roll out contracts.The unkown is how many shares do they have print to get to this point,as long we are not over 60 mill shares we should be ok JMO again thanks for all your help.
Although we are bashing the president, lets not forget the other executive.
The CFO for example bust take some responsibility IF there are irregularities going on. I say "IF" cause I dont know.
Gary Chamandy Cook , if he knows of any wrong doing, will carry this with him through his carreer, or he can tell us what the situation really is.
Especially since in the age of the internet, these documents are here for ever for the world to read and see. I hope he does the right thing, because no one involved can ever say that suspicians were not raised. Clearly we are all suspicious at thos point and we just want answers.
Please Abs Sky, please.
WOW!
You have been busy!
You make some leaps here, or there are some threads I just dont understand. So I am not too sure all your conclusions are right.
either way, he sounds like he would not think twice about printing shares to fund his company if thats what it took.
I am in NY and may visit NRF, but I am not a retailer. Do I haveto be?
Do you know what became of the suit betwen Island Pac and him?
Do you know if the other people at Mitech are involved here?
This really smells foul dont it? Some people have greed at there core, and will do anything for the buck. Even if it means they take from others. And then they sleep at night probably thinking their wings are still white.
Peee eeuuuuuu
I hate to say it, but your calculations make a TON of sense, and are damn plausible. I buy that.
Thats a real crime if they are printing shares to pay expenses and diluting our investment.
How do you know its 24 million?
A little bit of history: John Frabasile - AbsoluteSKY
Well, I decided to do some googling tonight and see if I can trace some history of John Frabasile and AbsoulteSKY. Man, I was in for a surprise.
Googling John Frabasile name and getting the oldest occurrence (http://www.thefreelibrary.com/Tandem+and+Mitech+to+Partner+in+a+Specialty+Retailing+and+General...-a017441927 ) for it, I found out that he was the CEO of a Montreal based company called Mitech Computer Solutions. I found 2 press releases, one from 1995 and another from 1999.
Curiously enough I wasn't able to find much more references on Mitech to see how the company worked, and if it was profitable and by how much, and if it is still operational.
So by luck really, I stumble on this website. https://ssl.req.gouv.qc.ca/slc0110_eng.html . It is the canadian (quebecer) website for companies that are registered in quebec, and a bit of history on them! It was a god send!
So I punch in "Mitech" and started going through each and every one of them, until I came across #1142890582. The lucky number. Here is the ref: https://ssl.req.gouv.qc.ca/igif-bin/isl08tr1/cidreq/**URL**?matricule=1142890582&banque=C&action=ETAT_CIDREQ§ion1=O§ion2=O§ion3=O§ion4=O
So I scroll down that french document, not really understanding much, but some souvenirs from my french classes started to surface.
According to this document. Mitech was a company of between 50 and 99 employees. Started in 1983, and "ended" in 2000. FRABASILE, JOHN was the majority shareholder, the president and the administrator. It was in 1998 apparently that things started going wrong.
If you read at the bottom of the document, it says that a notice of defaulting was issued. I am guessing that they defaulted on paying something serious, maybe like the income taxes collected from employees. They defaulted again in 1999, and it seems that it got so serious, that they were radiated from the "office"!!! They did not dissolve it, the company got radiated!
So that's the end of Mitech, let's continue John's "un-authorized and unwanted biography".
John resurfaces 2 years later in 2002, to be appointed President of a company called "island pacific". Here is the blurb from google finance:
"Island Pacific, Inc. provides software solutions and services to the retail industry. The Company provides solutions that help retailers understand, create, manage and fulfill consumer demand. It is organized in three strategic business units: retail management solutions, store solutions and multi-channel retail solutions."
Sounds nice on paper, the reality though is that Island pacific is a company that was trading at 15$ back in 1999 that is trading at 0.08c now.
Anyways, searching for John Frabsile and Island Pacific yielded in a lot of these articles where John is quoted saying something, of the same nature that he gets "quoted" in the current asbolutesky press releases.
Here is one such example: http://www.thefreelibrary.com/Island+Pacific+to+Showcase+Two+New+Offerings+at+Retail+Solutions%3B...-a0102598704
"There is tremendous opportunity for these new offerings as well as our entire solutions set in Europe," said John Frabasile, president of Island Pacific International. "We can feel the momentum building. We have made announcements with numerous European retailers including Retail Variations, The Entertainer, Center Parcs and Shoefayre, in just the past few months."
Does that remind you of anything?
He was saying this while the stock price has tumbled from over 10$ to 1.50$ in less then 3 years.
So a little more digging in the time contium, and brace yourself gents!
A FRAUD Law suit against him...by who? None other than Island Pacific!
I will let you savor this bit: http://sec.edgar-online.com/2004/06/29/0001019687-04-001444/Section4.asp
"On April 2, 2004, we filed a federal court action in the Southern District of California against 5R Online, Inc. ("5R"), John Frabasile, Randy Pagnotta, and Terry Buckley for fraud, breach of fiduciary duty, breach of contract, and unfair business practice arising from their evaluation of, recommendation for, and ultimately engagement in a development arrangement between IPI and 5R. Pursuant to the development agreement entered into in June 2003 upon reliance of the representations of the individual defendants that product development was progressing, **we paid $640,000 in development payments but received no product**.
Responsive pleadings will be served shortly, and the parties are exploring a business solution to the dispute. For fiscal year ended March 31, 2004, we have expensed payments of $640,000 and shown as other expense.
"
Ouch! John along with his partners seemed to have frauded Island Pacific out of 640,000$! Way to go johnny boy!
So curious I was to find out what exactly was or is "5R Online Inc", I continued my googling.
Here is the first instance I found:
"In June 2003, we entered into a development and marketing license agreement with 5R Online, Inc., a software and services company affiliated with John Frabasile and Randy Pagnotta, our two former officers (the "Former Officers"). Under this agreement, we obtain an exclusive right to sell and distribute this company's software. In return, we committed to fund $1.2 million toward development of this product. We also agreed to pay a royalty of 30% of the software license sales up until we have recuperated all the development funding, at which point the royalty will increase to 50% thereafter. We paid $640,000 toward this development but received no product. In April 2004, we filed a federal court action against 5R Online, Inc. and the Former officers.
For further discussion, see Item 3 under the heading "Legal Proceedings" above.
"
So apparently John decided to "re-start" a mitech type of company and to abuse of his former position as an officer at Island Pacific to sway them into a 1.2M$ contract, which apparently they never seen the color of any code whatsoever.
Wait, it gets even more interesting...
"Defendants Pagnotta and Buckley have counterclaimed against defendant Frabasile, who has moved to dismiss in light of a parallel action pending in Canada. Frabasile's and 5R Online, Inc.'s response to our complaint was due on August 9, 2004. A
settlement was entered, which was conditioned upon payment by the defendants of a first installment of $50,000. The defendants failed to pay the first installment and the litigation is therefore proceeding."
So not only did John screw Island Pacific, he apparently screwed his partners as well!
And now this is where it _really_ gets interesting. The next occurrence was this one: http://cocanada.com/Canadian/Computer%20Software/1/ which is nothing more than a listing of a bunch of companies.
"Company Name :
5R Online Inc
Address : 1375 Rte Transcanadienne,
Dorval, QC
H9P 2W8
"
Now, does this adress remind you of something?
It is the absolutesky address!!
So quickly I did a search for "5R absolutesky", and to my disappointment nothing came through.
So I remembered the good ol' government of quebec website with the search on the registered companies.
I started searching for 5R Online.
https://ssl.req.gouv.qc.ca/igif-bin/isl08tr1/cidreq/**URL**?matricule=1161907671&banque=C&action=ETAT_CIDREQ§ion1=O§ion2=O§ion3=O§ion4=O
Apparently it started in 2001, so that is while (or just a bit before) John was at Island pacific! Very weird.
It then goes to cite John and the secondary shareholder, and some other australian company as the primary one. The interesting aspect is that the company still an active status, but declares 0 employees.
The other thing to notice is that john is not the president but some other guy "BENJAMIN, ELGRESSY". Googling his name did not yield anything significant. The other thing to notice is that Tery Buckly, the guy that was sued by Island Pacific and that counter suing John is not on that list. Unless he represents the major shareholder company somehow. I will not dig deeper on that path.
So I remembered a while back reading something about another company getting acquired under John's Frabasile profile on absolutesky website: http://www.absolutesky.ca/leadership.shtml?currentMenu=Menu2_2
"In 2003, Mr. Frabasile combined his retail and software expertise with evolving RFID technologies and founded JavaPRO Solutions who's assets were acquired by AbsoluteSKY, Inc. in November 2005"
So I went on the government website again to fetch Javapro: https://ssl.req.gouv.qc.ca/igif-bin/isl08tr1/cidreq/**URL**?matricule=1162658869&banque=C&action=ETAT_CIDREQ§ion1=O§ion2=O§ion3=O§ion4=O
Nothing really exceptional except the fact that it was constituted in 2004 sometime near the Island Pacific lawsuit, and his partners counter suing. It might have been a way to escape some "assets" quickly from Island Pacific or said partners, frankly, I don't know, it is just speculation.
We also notice that the "JOHN FRABASILE FAMILY TRUST" is the majority owner in the company. Probably a tax evasion manoeuvre.
Nothing more down that path. Now let's search for absolutesky in that register. We come up with 6 different instances!!
There is a version where an absolutesky "nevada" is the majority owner, and other instances where absolutesky montreal is...really confusing, looks like some sort of camouflage operation to me.
I will let you have fun exploring this precious site.
So where does that leave us? Well, you can see from past and present history that not everything is kosher in this company, especially not the CEO.
I would like to know what happened with the lawsuit by the ex-partners of Frabasile, if it got resolved, and if it didn't how that will affect absolutesky in any way.
I tried to see if I can access the court documents of the canadian court to see the details, but it seems hard for me with all that french. If someone can pickup the job from here, I, and I am sure lot of others, would appreciate it.
OK, I'm out.
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