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should be a big week and strong hands have been accumalating this should have just an awesome week ahead
3-5 bagger from here with the right volume. big week coming
Net revenues increased during the three and six months ended June 30, 2009 as compared to the three and six months ended June 30, 2008, as a result of the Company’s continuing marketing efforts, increased sales initiatives and resulting organic growth. Factors that influence future revenue growth include general economic conditions, our ability to attract vendors that offer compelling products and the impact of our marketing activities.
Change from
Percent Change
Net revenues
2009
2008
Prior Year
from Prior Year
Three months ended June 30,
$ 3,140,282 $ 2,863,477 $ 276,805 9.7 %
Six months ended June 30,
$ 5,714,827 $ 5,234,647 $ 480,180 9.2 %
Net revenues increased during the three and six months ended June 30, 2009 as compared to the three and six months ended June 30, 2008, as a result of the Company’s continuing marketing efforts, increased sales initiatives and resulting organic growth. Factors that influence future revenue growth include general economic conditions, our ability to attract vendors that offer compelling products and the impact of our marketing activities.
We have had increased success throughout the years by attracting repeat customers. In 2007 and 2008, the sales volume of individuals who purchased through our website four times or more increased to 27% and 38%, respectively.
Outstanding at June 30, 2009
5,750,512 $ 0.23 2.5
Exerciseable at June 30, 2009
5,750,512 $ 0.23 2.5
Number of
Units
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual Term
(in years)
Outstanding at December 31, 2008
6,109,715 $ 0.23
Grants
- -
Forfeitures
(359,203 ) 0.23
Exercises
- -
Outstanding at June 30, 2009
5,750,512 $ 0.23 2.5
Exerciseable at June 30, 2009
5,750,512 $ 0.23 2.5
The options have no intrinsic value as of June 30, 2009.
The following table sets forth exercise prices of outstanding options at June 30, 2009:
Exercise Price
Number of
Shares
$0.09 - $0.20
3,850,739
$0.21 - $0.40
1,353,503
$0.41 - $0.70
507,770
$0.71 - $1.00
10,000
> $1.00
28,500
Note 6: Restricted Stock
The Company has a $150,000 revolving line of credit with a financial institution and during the six months ended June 30, 2009, the Company repaid all borrowed amounts under the terms thereof. At June 30, 2009, the balance outstanding on the line of credit was $0. Interest payments are due monthly at an annual rate of 6%. The line of credit has no stated maturity date.
welcome mr baker nice to have some eyes here been spreading the word on this gem for a while now
watch out monday will be a monster here
great day trading here this is going to be a great runner
Nice ... Nice ... Nice !!!
Have a good week-end all !
Looking really nice teaks.
you too buddy
We order you to take a position for your own good and the good of your family!!
Have a great weekend.
Indeed. Have a great weekend all.
wonderful day around these parts!
Those .013s are looking really nice right now! I'm looking for much higher though....
Very nice day today guys........ I may have to take up a position here on Monday!!!
Nice work here guys, setting up nicely for next week.
Absolutely!!!
few more slaps and we move higher
Here we gooooo!!!
how do u like the volume now???!!!
yes it is
ubss is gone clear to .075 now
.026's print!!!
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
The following discussion and analysis provides information that management believes is relevant for an assessment and understanding of our results of operations and financial condition. The following selected financial information is derived from our historical financial statements and should be read in conjunction with such financial statements and notes thereto set forth elsewhere herein and the "Forward-Looking Statements" explanation included herein. This information should also be read in conjunction with our audited historical consolidated financial statements which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 filed with the Securities and Exchange Commission on March 31, 2009.
Overview
We develop software programs that allow us to provide general merchandise for resale to businesses through our website at www.DollarDays.com. We have been recognized as a leader in the Internet wholesale market of discounted merchandise by a leading business periodical and trade associations. Our objective is to provide a one-stop discount shopping destination for general merchandise to smaller distributors, retailers and non-profits nationwide seeking single and small cased-sized lots at bulk prices. We launched our first website in October 2001. The site offers customers an opportunity to shop for bargains conveniently, while offering our suppliers an alternative sales channel. We believe our website offers a unique benefit to smaller businesses in that they are able to purchase goods from wholesalers and importers in single and small case lots, with no minimum purchase requirements at discounted prices. We believe the prevailing reason our business has been able to obtain bulk pricing for single case lots is our ability to reach smaller distributors, retailers and non-profits that most general merchandise suppliers cannot economically reach. We provide all the logistics and customer support to serve this sales channel and grow our customer base.
We continually add new, limited inventory products to our website in order to create an atmosphere that encourages customers to visit frequently and purchase products before the inventory sells out. Through our Internet catalog, we offer approximately 25,000 products, including up to 10,000 closeout items at further discounted prices. Closeout merchandise is typically available in inconsistent quantities and prices.
We accept orders, either online or via telephone sales staff, collect payment in the form of credit or debit card, PayPal or similar means, and coordinate with manufacturers, importers and close-out specialists regarding delivery particulars. PayPal refers to the online payment platform located at www.paypal.com and its localized counterparts. Our proprietary software and service procedures allow us to sell merchandise to a single customer, and bill as a singer order, items purchased and delivered from multiple suppliers. We do not take possession of inventory, but we are responsible for processing customer claims and returns.
Our website has a registered base of approximately 1,250,000 small businesses and receives approximately 2 million monthly page views. We receive an average of approximately 3,000 orders per month. Our target audience is smaller businesses.
Our historical success has resulted largely from the size of our community of active users. We had approximately 21,000 unique customers place an order with us in 2008 as compared to approximately 22,000 unique customers who placed an order with us in 2007. We believe our sales and marketing efforts make inefficient markets more efficient because:
� our website includes more than 25,000 items on any given day and makes available to our users a wide variety of goods; and
� we bring buyers and sellers together for lower costs than traditional intermediaries.
We have had increased success throughout the years by attracting repeat customers. In 2007 and 2008, the sales volume of individuals who purchased through our website four times or more increased to 27% and 38%, respectively.
INSGY FINANCIALS
Results of Operations
Net Revenues
Change from Percent Change
Net revenues 2009 2008 Prior Year from Prior Year
Three months ended June 30, $ 3,140,282 $ 2,863,477 $ 276,805 9.7 %
Six months ended June 30, $ 5,714,827 $ 5,234,647 $ 480,180 9.2 %
Net revenues increased during the three and six months ended June 30, 2009 as compared to the three and six months ended June 30, 2008, as a result of the Company's continuing marketing efforts, increased sales initiatives and resulting organic growth. Factors that influence future revenue growth include general economic conditions, our ability to attract vendors that offer compelling products and the impact of our marketing activities.
Financial are in!!!
1 mm left!!!!
Another Solid Day here
30k slap just came through!
gotta start moving that bid up
good morning everyone. prepare for liftoff
and good morning to you and all my fellow insgyers
Well i'm so happy I was able to get in on the last 2 days at the same price.We are gaining more attention here which is great.IMO next week is our week and right before the press release.
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INSIGNIA SOLUTIONS PLC - INSGY.PK
51 East Campbell Avenue Suite 130 - Campbell, CA 95008
Phone: (480) 922-8155
Insignia Solutions plc, doing business as DollarDays International, Inc., develops software programs to provide general merchandise for resale to businesses through its Website at www.DollarDays.com. It operates as an Internet based wholesaler of general merchandise to small independent resellers. The company, through its Website, provides products in various categories, including boutique suppliers, custom imprinting, medical products, arts and crafts, electronics and media, office and school ...
Click below for Current Pinksheets Information!
COMPANY SHARE STRUCTURE
ESTIMATE MARKET CAP
$856,076 as of July 2, 2009
OUTSTANDING SHARES
50,357,430
TRANSFER AGENT
Bank of New York Mellon Corp
One Wall Street
New York, NY 10286
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