IZON Network Inc. (IZNN)

[Cheds]

38M float bro

[blindjohn]

Dang...crazy potential here then

[Cheds]

soft spot as in nothing on L2 between .03 and .10

[blindjohn]

Looks like .03 needs to break and it's off to the races

[blindjohn]

Thanks... Soft spot as in "thin"?

[Cheds]

looking at the L2 there is a huge soft spot between .03-.10

[blindjohn]

Potential Target Prices near term?

[blindjohn]

Looking solid here

[Cheds]

http://blog.gerbsmanpartners.com/2015/05/05/the-bidding-process-procedures-for-the-sale-of-certain-assets-and-intellectual-property-of-digital-caddies-us-inc/

[Cheds]

$CADY Share Structure - From fins posted 3 days ago 6/17/15
http://www.otcmarkets.com/stock/CADY/filings

225M AS
94M OS
38M Float

[Cheds]

lots of volume recently. i am very intersted

[Cheds]

sounds positive

[Cheds]

whats a tax write off

[Cheds]

another float company..... nice

[Py11]

What's goin on here? Company still alive?

[SimpleFixTech]

46% pop! Why in the world are people still buying this??

[Investman432]

A tax write off.

[Investman432]

That explains what is going on. Company's assets are being sold and then CADY will be closed. There will be nothing left for common holders except a tax write-off. I like the GPS systems but company didn't have viable revenue model. Hopefully a purchaser will know how to sell ads.

DATE CERTAIN M&A OF DIGITAL CADDIES INC.

Gerbsman Partners (http://www.gerbsmanpartners.com) has been retained by Venture Lending & Leasing VI, Inc. and Venture Lending & Leasing VII, Inc. (together “WTI”), the senior secured lender to Digital Caddies, Inc., (“Digital Caddies”) to solicit interest for the acquisition of all or substantially all of Digtial Caddies’s assets, including its Intellectual Property (“IP”), in whole or in part (collectively, the “Digital Caddies Assets”) http://www.digitalcaddies.net . Please be advised that the Digital Caddies Assets are being offered for sale pursuant to Section 9-610 of the Uniform Commercial Code. Purchasers of the Digital Caddies Assets will receive all of Digital Caddies’s right, title, and interest in the purchased portion of WTI’s collateral, which consists of substantially all of Digital Caddies assets, as provided in the Uniform Commercial Code.

The sale is being conducted with the cooperation of WTI and Digital Caddies. Digital Caddies has advised WTI that it will use its best efforts to make its employees available to assist purchasers with due diligence and assist with a prompt and efficient transition at mutually convenient time.

[Py11]

Ya I'm trying to wrap my head around it all. I'm a beginner with all of this so I have no idea what is going to happen.

[SimpleFixTech]

Can anyone speculate on what the potential sale of all assets would mean for shareholders at this point? Liquidation dividend potential PPS?

[SimpleFixTech]

Here is an update to that news, stating a bid date of 05/20/15:

http://blog.gerbsmanpartners.com/2015/05/08/may-8-2015-update-to-the-bidding-process-bid-date-now-may-20-date-certain-ma-of-the-assets-and-intellectual-property-of-digital-caddies-us-inc/

[Py11]

This link explains everything.


http://blog.gerbsmanpartners.com/2015/04/27/april-may-2015-date-certain-ma-of-digital-caddies-inc-gerbsman-partners/

[Py11]

I'm still here. I'm hoping they're in a quiet period due to their up list. That would explain the silence from the company. I'm definitely having doubts now but hopefully we hear something from them soon. Really frustrating not getting any updates. Especially after seeing their last report.

[tk120]

Anyone still in this stock? Have I thrown away my money on this one?

[Py11]

Anybody know if they're still making progress with installations? Company has been very quiet

[mimimumu]

That's when I will be a buyer......CADY

[Py11]

Subs soon? Haha holyyy

[slowplay]

Here's my take

The revenues for the last fiscal quarter were $62,000. If there were an average of 80 courses operating during that quarter it averages out to $2,000 in revenue per course for 3 months. Or roughly $680 per month per course.

Looking at it from another angle. There was a lot of funds earmarked for executives that were hired to produce sales and revenues. The revenues for the entire quarter were about 35%-40% short of paying the salaries for the two highest paid people in that department. Let alone Loustalot's salary. Too many high priced suits, too little in sales to justify the existence of senior staff.

Something had to give.

[Py11]

Yah. I'm down so much there's no point in trying to get out now. Just amazed there's been no revenues yet. Hopefully they can figure things out or else this will be an expensive lesson!

[slowplay]

Revenues sucked last quarter. And that may be an understatement. They burned through a ton of cash in 2014 without a lot of progress on the revenue side.

The current level of revenues can't sustain the current level of burn.

[Py11]

Hmmm wonder what the hell is going on. Kind of a frustrating time right now. Hopefully the up list happens soon so we can hear from the company again. I think we're in that quiet period where the SEC doesn't want them saying much.


What do you want to be careful of or avoid if you are using Public Sale of Free Trading Stock Form S-1?


Quiet Period Restrictions

The SEC does not want you to pre-condition the market for your public offering. So they impose restrictions on what you can say publicly in advance of filing your registration statement and during the period of time that they are reviewing your registration statement.

As to what you can or can’t say during the quiet period, note however that there’s a difference between being quiet and being gagged. You can respond to unsolicited questions from the press; however, the key word is unsolicited. But be careful, what you think is unsolicited may not be. For example, a CEO of a company was interviewed by a major business publication and featured in an article about the brightest 25 young entrepreneurs. The article appeared during the quiet period of his company’s IPO. Unfortunately, someone else in his company had solicited the article.

What happened? What happens is the SEC just stops the review process for however long they want. And there’s not a darn thing you can do about it.

Although you also can continue to issue press releases about your business, this area is also a little tricky. Continue is the key word, but that’s not the end of the story. To avoid violating quiet period restrictions, you have to show a long history of issuing similar releases starting well before your filing. But you can still be penalized if you promote your filing in the releases.

Just one more thing. If you do engage in “legal talking” during the quiet period, make sure you don’t say anything that isn’t in you filing. Now you don’t have to read it verbatim. But if you paraphrase, paraphrase very closely. Or once again, you’ll end up in violation.




http://www.goingpublicinformation.com/selling_stock_getting_ticker_symbol.htm

[heartolisten]

March 10th

[Py11]

When did Loustalot leave?

[heartolisten]

Loustalot no longer at Digital Caddies. Greenwell no longer with them either. Who is running this place?

[Py11]

No idea. I thought they would be raking in enough money to easily pay for new tablets and to cover the data costs but it's taking awhile for them to get going. With the amount of tablets installed the data costs are probably around 4 million a year. Would love an update from the company. Press releases about new courses on board won't do anything for the share price. Could be down here for awhile.

[$TRIG$]

Any thoughts on where they will get some cash to continue?

[Py11]

$92,050 in revenue. Pretty disappointing.

[ByDaSea]

I'm with you on the business model, as this along with their execution of such, is what led me to buy this stock in the first place.
Have to reiterate though, I feel things aren't moving along as well as they had projected. A little better communication with shareholders is not much to ask; but I will be patient as well and see what happens over the next 6 months or so.

[ByDaSea]

Not 100% sure but I think that page has been there for a little while. I do recall reading this a few months back, perhaps though the numbers have changed?? Not sure though.

[ByDaSea]

Thanks. Tomorrow should give us some indication on whether there is increasing interest in our product through signs of higher revenues. Though I doubt it will be much larger than the previous quarter, any increase is a good indicator. Let's hope for a better week and more so a better year.

[slowplay]

The business model is still a good one but until we can see for ourselves that revenues are flowing there's no way to extrapolate any numbers into potential future earnings.

Personally I'm not holding my breath for any pertinent news this coming week or next.

Patience is still the key character trait required with shareholders of this company.

[Py11]

http://digitalcaddies.net/investor-information

Is this page new to you guys? Never saw it before.

Expect to be installed at 800 courses by end of 2016. 24 billion ad impressions a year. 2 billion a month. If they ever get to a premium CPM rate of $30 revenues will be huge.

[Py11]

The quarterly last year was released March 14th. It should be out Monday.

The companies profile on Domedia says they have 22,000 screens but most recent press release says they have around 12,000 screens installed. We could really use an update on the network to clear some things.

http://www.domedia.com/marketplace/companies/companyDetails.jsp?companyid=18111

Share price right now is tough to look at but I don't believe anything has changed with the company. The price has been hammered on low volume. All it takes is a few impatient investors to exit their position.

Hopefully we get some good news next week.

[ByDaSea]

Maybe we've hit a solid support level and will gradually keep heading upward. I'd hate to think we go much lower as that is usually not a good sign of things to come.
I bought into this stock with a long term perspective, and still have high hopes for what this company can achieve. Just need the revenues to start coming in stronger this year to keep things moving along.
Do you know if the quarterly report is due out Monday?

[slowplay]

I find it encouraging that the shares fell on very little volume and today recovered a bit on significantly higher volume.

[ByDaSea]

I understand your position on answering those questions, was just curious as to your take on things. I will contact Mike personally for answers. Appreciate your helpful insight. Thanks again

[slowplay]

I'm not going to try to answer any of those questions. They are better left to IR.

I'm all in at this point, have been for a couple of years. I'm not buying any more until I see signs that the share price is moving upwards, not backwards. Averaging down is not my way of doing things unless I don't have the amount of shares I'd like to have. I already have enough. I don't believe in chasing stocks upwards, but I do believe in buying at the beginning of an upward trend. Averaging down without any material news and reasons for why the share price is basically plummeting, is not my way of doing things. I would need to know why the share price is dropping before buying more.

I'm sure if you get a hold of Mike he can provide better answers. I don't know what will drive the SP upwards in the next two months, all I can observe is that the dropping share price is not a good sign and that they have to correct whatever it is that is dropping the share price. Whether it's revenues, cash flow, or both.

[ByDaSea]

Fair enough on the deserved vacation, I'll just leave that subject alone.
You've stated that you are in frequent contact with Mike, has he given you any concrete answers to what is going on with additional installs, CPM rates, updated revenue projections, S-1 status?
Do you feel the pending financials will show any increase in ad revenues?
Per their last financials, cash flow was getting low, any opinions on how they plan to keep operations running without increased revenues?
It seems we are behind on where they projected we would be at this time, any reason given for this? Could it just be limited finances causing the slowdown?
As another poster stated the other day, I too would like to take advantage of this buying opportunity but am hesitant due to a lack of corporate status updates. Perhaps they will PR something meaningful to let us know where we are and where we are headed. Thanks again for your feedback.

[slowplay]

I don't take your comments personally. Not out of line at all

Just letting you know Mike is not in town. Its Spring break up here and he's taken what I consider to be a well deserved vacation. I think its just coincidence that spring break and his vacation line up at a time the stock is falling. I could be wrong though.

I talk to him weekly. More than he would like I'm sure but he never fails to give me whatever time I request.

I'm not pleased at the progress after 30 months, but SFA I can do about it.

Yes they should give a corporate update.

[ByDaSea]

I talked to Mike on the phone a few months back, seems like a nice guy, but most of the info he gave me has not come to pass. As you've stated, I also believe he is only relaying what has been told to him. The point is, we are down quite significantly in share price and I (and it would seem others) want to know what the company is doing to protect or increase shareholder value.
Though I know when one invests in the OTC pinks, there is significant risks. I also believe seeking a positive ROI is why we invest our money in companies like this?
It has been several months since the S-1 was originally filed and yet we have had no feedback from them on where we stand with this. I think an update on what is happening with the company, either good or bad, is long overdue.
Please understand slowplay that I am not placing fault on you for any of this, but just merely replying to you and venting at the same time. I do appreciate all the feedback you have given in the past.
I will give Mike a few days and see what's up, but in my opinion, using the excuse that he's going on vacation at the same time the stock price is falling into oblivion is somewhat peculiar to say the least.
Not giving up on this company yet, besides all I will have left at this point is a big tax write off. Just expecting some real answers as to where we stand. Thanks and good luck to all.