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Out of business? I stopped by their offices 3 times this past week and there wasn't a soul in sight. Nobody answered the door or the phone and their was no sign of any life behind the big wooden door. I asked a person in the main lobby who said that he worked in the same building if he knew anything and he told me that he believes that they have gone out of business. What a pity!
I would imagine the test stores are still up and running as the ROI was based on a 5 year timeline. Other than some of the 15 stores are in Montreal I don't know where the other ones are.
Thanks for that
I find the comment "Then we have to request permission to announce publicly.. This has always been a problem amoung our customers" interesting. For one customers is plural. Are they saying that they have customers that we don't know about? Is it that RFID technology is still too Big Brotherish for some to advertise it publicly? I've seen some anti-rfid protests on youtube. And then there's spychips.com
I know they have some sales. I think if they get a big deal this will take off... Do you know if their product is still in the staples test stores??? As far as i know it still is question why would staples still have the test stores if they did not like the product..
Email response..There have been some positive managment changes at Staples canada- should be a meeting following March spring break... Behind the scene progress as well... All of our active sales leads will take a bit more time to conclude. Then we have to request permission to announce publicly.. This has always been a problem amoung our customers.. In any event will do our best to keep the market informed.......
Hi MrT11. Yes I'm still invested here.
I'd be interested in hearing the response to your email as the responses to my inquiries all seemed to come from the same cookie cutter. I think there would be less anxiety among their investors if they would just update us on their website every now and again. Good or bad.
Are you still in this?? I just emailed them returned in one day. Someone still works there
I email them every month for an update this month they answered the next day. I think they have other stores using the systeem they sell but they don't want to say untill they have something good to report. The bottom line is its not much of a company but they are not out of business yet and at .01 per share the payoff may be huge
Hi Just Curious
I am in the industry and I've also had the opportunity to become familiar (to some degree) with the product at a visit to an ABSY equipped STAPLES store. I'm in agreement about your comment about the heart beat as there hasn't been anything , good or bad, that I've seen on this one in a long time!
Just Curious
Hi pauljohn. With no news in over a year how did you ever find this potential diamond in the rough let alone think about investing in it? At this point I think you're all hoping for this thing to develop a heart beat soon before it suffers permanent brain damage.
Sorry "meidiot", PaulJohn here, and you're wrong about me being a PR puppet (or any other variation of puppet). I was simply stating my opinion, that's all. Good luck with your investments and trips to the casino!
OH ! I again forgot to mention that Mr.Frabasile ( Pres. & CEO )
rejected an offer of $3.50 US per share for his now DEAD company.
I told you fokes a year ago this company was dead. yes ! i was also duped by Mr. F--- ? PR puppet. Perhaps the puppet is "pauljohn"
Another poor soul, or souls who bought into an unsolicited e-mail touting this dead company.
You will not get a response, been there, done that and never got a response.
It would seem this company is no more. I challenge any of you to call their directory and find a warm body. You will get to an automated phone system and when you attempt to speak a person you are put into their automated directory where there are two people you can speak to, the CEO or CFO and when you are transferred to either you get their voice mail. I suspect they are no longer in business so I feel for the poor shareholder that has joined us with their 120200 in shares purchased today, joined us in they now too own shares of worthless stock.
We all got what we deserved, we got worthless stock due to purchasing as the result of unsolicited spam e-mails touthing this stock back in 2008.
Aggressive shorts fostered by unsolicited e-mails pumping the stock some time ago have damaged the market price not to mention a website that has not been updated in more than a year. This company gives every indication that it is "dead and gone" if you try and get any data on them.
Aggressive shorts fostered by unsolicited e-mails pumping the stock some time ago have damage the market price not to mention a website that has not been updated in more than a year. This company gives very indication that it is "dead and gone" if you try and get any date on them.
Ahead of its time? The fax machine was invented some 90 years ago but only became popularized in the 1980's. DaVinci conceptualized the parachute and helicopter hundreds of years ago yet they only became reality in the past century.
By every indication this technology works but for some unquantifiable reason it hasn't been adopted in any significant volumes. You can blame management, the worst retail economy in living history, or any big brother conspiracy theory but the fact remains that it is not a question of IF but rather WHEN will this, or some derivative technology be adopted. Some people can see farther than others. Call it what you will but it seems as if Mr. Frabasile is both blessed and cursed by being a visionary. Love him or hate him - hold him up as a martyr or burn him at the stake as a heretic - but applaud and respect him for putting his balls on the line.
Maybe 2010 represents the end or maybe it just represents a new chapter or second-wind? The market will decide but the stakeholders can help make it happen. I urge the stakeholders to rally and help provide ABSY with the catalyst that can bring this opportunity home. Unlike DaVinci or fax machine the challenge here is not the technology but rather the timing, skills and resolve to make it happen. Ask yourself why not here and why not now? A little bit of fresh blood with fresh faces can point this baby in the right direction - the economy won't stay in the doldrums and it is the players who have stuck this out that will prevail. Happy New Year ABSY. You can make 2010 yours CARPE DIEM!
Has the fat lady sung?
This thing just seems to be dying a slow death.
I think Mr. F needed some money to buy his morning coffee. First trade this morning 135 shares sold @ .01
MR FRABASILE. GOBBLE,GOBBLE,GOBBLE, YOU S--T H--E
This company is DEAD. Thank's Mr. Frabasile, you could have sold ABSY for over $3.00 a share.
This thing is dead or not ??
Nos answer from Absolutesky. I don't like.
I'm beginning to think that yes the product is good but not enough or the timing is not good.
I don't think it's normal that Staples don't say a word.
I keep my shares a couples of months more.
Just tired to wait.
Boiler room antics!
Look how fast the Market Makers got off the bid. They still don't want to own this stock but they want to sell it to you with a 300% spread. Dirty #$@&
I agree. Encouraging to see some upward movement for a change.
That bid price sure does drop fast though when there's selling interest in the pipeline
I also wrote: 2 weeks ago, NO reply as of TODAY.
I did send some questions
few days ago, still no answer from absy !
Does someone know something we don't here? 412,800 shares traded wednesday of this week...
Yawn......
Yes it looks similar.
Almost the same answer. Time will tell.
I will not buy one more share of Absy.
Looks similar to this from Feb 10 2009
The same news in a month story.
Thanks for your inquiry.
The performance at the existing Staples stores has been exceptional, with substantial savings exceeding expectations. So great prospects even during these economic times.
We have been installing at the Staples stores in Canada, and are negotiating a national chain-wide roll-out.
Hopeful for installations at other Canadian and US retailers this year.
We have not issued any PR's largely on account of the market and economic turmoil. Should be in a position to update the market next month, sooner if practical.
Thanks for your continued interest and support.
________________________________________
AbsoluteSKY, Inc.
Investor Relations
www.AbsoluteSKY.ca
The answer;
Thanks for your inquiry.
The performance at the existing Staples stores has been exceptional, with substantial savings exceeding expectations. So great prospects even during these economic times. Continue to generate revenue through increasing installations at the Staples stores in Canada, and are negotiating/discussing a national chain-wide roll-out.
Hopeful for installations at other Canadian and US retailers this year. Sales activity in intensifying based on these continued positive results at Staples.
We have not issued any PR's largely on account of the market and economic turmoil (and need for specific news to release). Should be in a position to update the market next month, sooner if practical.
Thanks for your continued interest and support.
________________________________________
AbsoluteSKY, Inc.
Investor Relations
www.AbsoluteSKY.ca
Thanks corpel
The bid seems to be rising so lets hope good news is on the way
I've just send a mail to Investor Relations.
I hope an answer.
Just another company going down the tubes because of miss management.
Is news coming?
I'm getting no response to my emails from investor relations. Not sure if thats because news is just around the corner or they are just tired of hearing from me. In the past they have always responded to polite requests for info.
Not even remotely does it appear ABSY has any element of it that is similar to PGPM. Which doesn't mean there aren't similar risks. Not saying ABSY is anything other than what it is... obviously a single focus, very early stage company with its own limits and issues. Not rocket science to note ABSY isn't an oil company... and they have few similarities other than that it seems both PGPM and ABSY are generating some level of revenue. That is about it.
If your looking for something other than a very high risk situation, that will generate outsized rewards IF it works out, with a fairly large IF, then you don't belong here. The question here is, AS a fairly typical situation for companies at this end of the market, as a high risk situation, how does it compare to the others that are more similar ?
If Staples decides to deploy the Fujitsu systems they have deployed successfully at a test scale, at a larger scale, and if that effort will also be using the ABSY products... ABSY should do well. Until Staples decides to deploy... or some other company signs up to deploy on a larger scale... probably not much of anything is going to happen here. Other than that ? What else is there to consider here, now...
This stock is a bummer just like ( pgpm )
...and I am hoping Brad Pitt calls me up for a dinner date!
I think we have the same chances.
Time will tell my friend whether you are right or I.
So far, time is on my side.
Boy, if I had a solution that was so great with such a great ROI with such a solid well managed supplier, you couldn't stop me from rolling it out in a hurry.
What do u think the delay is?
Clearly not 6 months either, because that has also come and gone.
Could they have meant 6 YEARS?
Hard to tell, because the real story has not been forthcoming at any time.
I think ??? they ment to say 6 months.
If ABSY is reading this
May 20th you said news in six weeks. Your six weeks are up. I'm usually not such a stickler but I was also told six weeks back in February 09. I would rather hear six months if that is the truth. At this point I think that is all your long time investors want.
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