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so the new VoIP system is in place? anyone have any feedback? are people actually gonna go for it?
I don't think the press release for the VoiP system is going to be until next week or the week after. Hopefully price keeps falling.
Like they said in the press release it is the initial footwork. I can kind of see the reasoning. If you piss off investors today when the stock isn't that well known or demanded and the company is in more or less the initial stages of growth, it is a much better time to do this than at a time when you are about to enter the big league and have a huge exchange shun your presence. From this stand point I can understand. The other reasoning I can think of - With a limited # of shares to be issued for the company in total (1.2MM) you could feasably increase the stock price as supply would be limited. I have been on the new voice and video over the net, not bad. It is actually quite fast, not much lag time. One thing though, as they continue to grow I think they should bring in some people with previous experience to grow the company into something bigger with a focus exerted on the online dating industry. Has anyone been on the site or have more thoughts. Well anyone that has been on this page for more than a week. kidding.
I'm trying to figure out why they did a reverse split if they are not expecting to hit the AMEX until next year. The damage was done and if they continue to do their press releases in the same manner, we can expect the current eroding of the share price to continue.
Just by my pure guessing, I'm thinking .30
That's an easy one everyone can answer. Come October 23rd with the reverse split - ZERO.
I just started posting here and holding.. but just curious how many shares does everyone own?
I think we said that at $0.03. I am betting we still have not seen the bottom yet. I am thinking as next week comes and the reverse is about to happen people will be selling it off as those with small amounts of shares will be left with nothing upon the reverse or in the single or double digits. Maybe it will go into the $0.000X range. That would be funny but not.... Come a week and a half the stock is going to opening at a low figure. Should we place bets as of October 23 what the opening price will be after conversion. I'll bet $0.12. FrankS?
Paper... never say that.. cause it can. But my stock is only worth 400 now. lol..
holding as well.. this stock is worth next to nothing right now.. I got a small update from the president..
here is a beta for the rollout on Monday
http://www.luvoo.com/indexChat.php
she seemed optomistic about the stock price after the split.. so suck it up everyone.. it pretty much cant go lower than where it is now.
I'm holding... its not worth the $900 I have left after buying an average cost of .14 ( i think) to depressed to look at the loss.
But... with the 100-1 reverse share.. ill have 1/100th the shares for 100*.01 = 10.00. WOW..
I figure.. i've lost this so I'll order my certs and put them on my worst investment wall; (TONS of those). Who knows, those certs may due better then my Mercentile stock years from now.
I will keep in touch here though... this is one of the few boards where I feel like nobody is bsing anyone.
No more news here, but I'm holding. There is no reason to sell now, shares are almost worthless. I will wait out the year to see what happens. If they are going global, this thing may have a shot - not a huge success, but maybe get our money back with a tiny profit even?
Just my opinion.
Anyone hear any more news, or is everyone out of this stock completely?
How low can this thing go before it disappears completely??????This is unreal.....Is this thing a scam stock or what??????
ouch. Under 1c. Can anyone shed some light on this. Or is everyone too poor to say anything
How is everyone feeling today? I did send an emai and did receive some info. One of which was that teh VoiP system should be up and running this Monday. They are switching to a fee for service right away as well but on;y charging $4.95 per month in hopes to undercut the competition and lure away their members as luvoo's price is a lot cheaper and the they have access to everything. Currently Poland is being plastered with advertising on buses and trains. I am not pleased with their way of doing things but I am glad the President has responded to my concerns and questions. Hopefully next week prices are better after the frenzy has ended.
I did receive some info. This monday they should have the VoiP system active.
Luvoo.com
L Yvonne Vanhoek, 818-951-5755
President
Lourdes@luvoo.com
www.luvoo.com
Has anyone contacted her?
To think I bought in a .23. lol.. its almost funny. ALMOST.
The reverse stock split lowers outstanding shares... but does it also lower authorized shares? IF so, they have effetively increased the stock price so that they can issue more stock at that higher price. Is that possible?
Scrubs, please post it if you get a response from Lourdes. I emailed and haven't gotten a response yet. Thanks for the info on your post. I looked up some examples of what happened to companies that had a reverse split, and most of them went down at first, then came back to what the share price was before. I don't see the move off the pinks as a bad thing (in a year, I know). I think a higher pps will give future investors more of a sense of security. I think the wait will be worth it, but we are talking long term here. I have a feeling the VOIP won't happen this month. Remember, just because we don't hear anything, doesn't mean they are not striving to be successful.
Just my opinion.
Stock doesn't get diluted it becomes reduced. If you own 10k worth of stock, technically you still own 10k of stock. But instead of 10000 shares at $1.00 you would have less at a higher stock price. But in this case they are doing a 100:1 reverse split. Easier to put, if you had 100k shares at $0.03 (3k) you will now have 1000 shares at $3.00 ($3k). Has anyone heard of a successful reverse stock split???? Hopefully.
Still no news. So they plan on going to the American exchange in a year. Big frickin deal. What about right now? VoiP, is it still a go for this month. They are now going to be charging a fee for service - do they have the members to actually do this? From the nembers everyone had kind of come up with I don't think they do. It is not like they had hundred of thousands of members and could afford to lose half, they only really had about 3500 members in the states. But I guess if half signed up that would mean $17,500 gross revenue per month.
I sent a note to Lourdes today requesting answers but I am guessing there will be no response.
Anyone else wanna send a note. Frick, feels like a good kick in the teeth today. No news, press releases, or response and then this. Wondering if it still worth it to stay in or cut my loss and recoup somwhere else.
Anyone have thought to this today?
I don't know what the PR from today means. The stock gets duluted?
By your post, I'm guessing it's a bad thing.
Scrubs.. I was just going to post the numbers I thought as well. If you remember my post:http://www.investorshub.com/boards/read_msg.asp?message_id=13310591
I was pretty close and I still would like to know how they plan on meeting the 3 million goal by next June: http://biz.yahoo.com/iw/060622/0138399.html.
Here is my rough thoughts:
1. Maximum investment maybe 2.5 million when you count the cost for "The appearance of Carmen Electra and her likeness", Pauly Shore (most likely stock), advertisement, bloated salaries, attorney/CPA and Filing fees for going public, equipment (20k at most).
2. If they hit 100,000 subscribers at 9.99 per month, thats 1M/month revenue. I think 100k is possible as they are growing. At a million/month with 7.3 million float, high profit margin, I think one they reach that point, stock should be about .75 to 1.00.
I think thats a good estimate too: .75 share value for every 100k subscribers. If you use that model you get a price of .0225/share at 3000 subscribers. Which is what we are at right now. Anyone's thoughts?
Ya, that is kind of the number I found in the US. Canada has bout 3 pages, Poland has 3 pages, etc. Sure wish the price would go a bit higher. Even the $0.06 is looking good.
I went to the site and searched for girls age 18-90, and since there are 10 on a page and 71 pages, there would be 710 female members. 200 pages of guys is 2000 male members.
It may be a long wait, but pps should go up very very slowly over the next year.
Just my humble opinion.
I had a look around the website and it does seem that the member number is growing around the world. So that is some good news.
I am wondering if we bug there ass enough if they will reply to on eperson or release of press release.
But just in case contact info is as follows:
admin@luvoo.com this is the onl email I have but was informed it is checked quite often.
Telephone # is 818-951-5755
I was also informed the best person to try to talk to is George Tannous as this is his "baby". But anyone who will give info would be great.
got in this when was little higher now it seems to be going nowhere
would be nice to know something.
I talked to Stephan and we might as well stop emailing him as currently he is not representing the company. He may be representing luvoo in the near future but not at this point. He advised me the best route to contact someone was through the admin@luvoo.com. I tried to ask a few questions but had no luck in receiving answers. Also tried the contact number for luvoo in California, talked to the admin person and to talk to George you would have to leave a message with her. Anyone want to call luvoo and talk to George or the Admin person? The only real questions I have are: Current # of members, Projected residual income fro polish division over the next 12 months as the anticipated release date of the VoiP system. Stephan did note that he may be back with them in 3-4 weeks and that prior deal did have priority.
I started to think that as well. But I've been looking for any type of news on the company. Some good news is that there is some links to VoiP providers and other companies that use VoiP and luvoo is getting there name on that list. I may give Stephan a call if there is no news by next week. I am not looking for a great deal of info just a little info on the voip system relaease date.
I know.. I'm beginning to think that this is a SCAM. They hyped up the news in the beginning and now they don't say anything or talk about anything. I'm just really dissapointed as they have a great idea, just poor managment I guess. Hell, if I had Luvoo I'd be hyping it up all the time, keeping my investors in the loop, and trying to push the marketing by getting my name out there.
Sad really.
He never seems to reply. I agree even a note saying 'get lost' would be better than nothing. Maybe someone should give him a call as his number is listed on their website. One might just have to watch their colourful vocabulary when chatting with him.
I emailed Stephen Taylor a week ago and have not heard a reply. I asked him if they still plan on the webcam service starting in October sometime. Even an "I can release that info." would have been nice.
Yeah, average trading says 396,288. I'm still long on this. GL everyone.
Lately every morning seems like no trading. It seems like people are waiting to see what news or if any info will be released, or so I am hoping. Hopefully within the first couple weeks of October there is some great news.
Good news. October is here. Hopefully all goes well with the release.
I missed it.. what happend?
This can't be good. Anyone check there site today? Especially just before the release of the VoiP system. Good thing is the Polish and I would assume the Euro sites aren't affected. Anyone heard anything?
We all know the VoiP system is going to be active for users pretty soon, but what are peoples thoughts as to when it will be available. I have read the press releases and it states to the effect that in September the program will be integrated into the system and will be available for users in the following month. Leaves the date 'open' as to when though. I am thinking first couple of weeks in October is when they'll go active but what do you all think? Hopefully when they do go active so does the stock price.
Well, I am starting to have more confidence in their website. I just checked out another company's website and it is not that nice. A little too cluttered and not so user friendly, yet their shares trade for $5.24 as of close today. hmmmmm. Maybe luvoo can take a piece of the action from these companies. Oh and this not so nice web site charges $24.95 a month or $49.95 for 3 months of service. Luvoo only charges an anticipated fee of $9.99. Again hmmmm. I wonder within a yr or two what the price of lvti will be...... one can only dream. Heck, I can't wait to see what lvti will trade for in October and December. If someone wants to give me $5.24 now, please let me know. kidding, unless you have the cash... Yup, these other publicly traded companies seem to have good stock prices. When is it Luvoo's turn?
I agree with you.. lol.. makes my lost look trivial to yours. But then again.. its all relative.
I do wish they would post something though to give us a heads up.
Just checked the site for Poland. Seems to have a few new members. Last time I checked it had 3 and that was Friday I think. Today it looks like there is 20-30. Seems people are starting to hear about it over there. Hopefully it catches on soon as that is were the income will come from for the next yr or until they reach 1 million members.
I am glad we all think the same thing on this product. The really nice feature of this is that being it is Voip there is no extra costs. So you could talk to someone around the world or country and do whatever it is you want via voice and/or webcam for a small monthly fee of $9.99 a month and not give away any personal info. I've always thought of luvoo being more of a long distance carrier and more of a 'Jetsons' product. Who can see long term growth for the stock on this note.... I know I can.
One thing I am a little worried about is that as October 1st approches, the days of the $0.03 stock is going away with it. exlr8me, are you sure you don't want to sell some shares????? Just buggin ya. I am still short like 100k fo a healthy number.
Exlr8me, as for your rant on luvoo..... I totally understand. They have given no response and share prices suck. I am down like $50k, so if anyone understands it is me, especially when my wife asks 'how is the stock'.
But I feel that October will bring good news. Not immediately but more around the middle to end of month. Hopefully brings stock into the $0.10 - $0.20 range. Although I would like it more in the $1.00 range, I think for it to be priced there they will have to start posting profits, numbers or some sort of info that will justify the demand.
Absolutly... that is so big. You can see the person, interact with them, have web-sex.. etc and not have to worry about giving any discreet identifying info out.
I'm long too. I just re-read the PR about the webcam coming out next month. I like the fact that if you join you can actually talk on the webcam to someone you are interested in without giving them your phone number. If they are the only ones doing this, that will be a huge plus for Luvoo.
Scrubs... Don't get me wrong I'm long. It's just unfortunate that without any response from Stephan, it just goes to show you that they dont care right now about the stock price or the stockholders. I would feel better if we had an update.
Also.. I no longer beleive HighRiskHighReward knows anyone on a personal level at Luvoo. He hasnt repsonded here for quite some time, but more then responding over at the BKMP boards.
Enough of my rant for the night.
I guess I am the only one with a buy and hold philosophy on this company as I am in for the long term. I'll take a good amount at $0.03 - any takers? I need a couple hundred thousand.
Funny thing about Luvoo is that they really dont give a hoot about us (we are all thinking short-term). I've lost 74% of my value so.. either I have to accept the fact that I was stupid by buying stock in a company without really invistigating it.. or that maybe.. just maybe.. 8 months from now Luvoo will have their ducks in a row and be bringing some revenue. My guess that is when the capital will run out.
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