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That's incorrect. I have a personal friend that invested in HISC back in April, 2005 and he's kept me "informed" on a regular basis. He was told about it looooong before the company announced it as a PR. Additonally, I didn't say it took them two years, I said it's taken them "almost two years" so stop manipulating my words to fit your agenda.
Also, regarding your statement: "Further, you are misleading about HISC, they are not pursuing BB at this time, they withdrew the SB2 and pursued the acquisition of Evans."
And what was the purpose of this acquisition sweetheart?
Go back and read what I said about the MERGER between HISC and EVANS...and why.
tootles.
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
Once again, way too many assumptions.
Re your statement: "Abewforme, now we know that the BB process is long and arduous."
No, we didn't "know" that would be the case. Every situation is different with the SEC. There is no such thing as a "customary time". The mere fact that ABEW was able to pass the strenuous accounting methods of the SEC should add comfort to those who invested their hard-earned money into a Pink Sheet company. Some of the companies listed on the Pinks are notorious for having shady accounting methods and end up declaring bankruptcy after investors have trusted them.
I sleep very well knowing that ABEW has passed this milestone with the SEC.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
Only partially correct. See my previous post.
YOU ASSUME WAY TOO MUCH.
From the time they (HISC) announced their intent to move off the pinks and onto the BB it has taken them almost two years...and they're still working out the details!!!
And let's not forget how much their share price has suffered in the process - from .16 to .003.
Garden Rose...HISC originally applied with the SEC for BB status but realized they couldn't pass after receiving their first round of questions that delved into their financial history. Instead, they decided to buy their way onto the Bulletin Board via a shell company. Eventually, they came across EVANS as a 'strategic' merger. WHY DO YOU THINK THAT HAPPENED? Don't be so naive!!!
Incidentally, their shareholders received a 1 for 50 exchange for the shares of EVANS. (That's one share of EVANS for 50 shares of HISC.) Their share price has now dropped from a high of .16 to .003 per share. (That's sub-penny status!!!) Looks like they made the 'right decision' aye?
Those companies I listed are just the one's I've been following for the past year or so. There are many, many more that I haven't even scratched the surface. My point is that most pink sheet companies give up their quest for BB status because they lack the confidence to struggle with the SEC due to the strict accounting methods of Sarbanes/Oxeley.
ta ta.
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
You can't possibly be this naive!!!
So far, you've given us your opinion when you specifically said you had facts. In any case, judging by the questions you want me to answer, it's obvious that you are a neophite when it comes to the world of pink sheet companies.
Question #1) "You can't cite one pinkie that's progressed at this miserable rate can you Mr. Fact?"
ANSWER: Actually, I can name several. HISC, SPRL, CRGO, WTVN, GWGO, and many, many more that never even made it past the first round of SEC questions!!! What you don't understand is that an established company has much more to be scrutinized by the SEC and therefore usually takes longer to evaluate.
Question #2) "By the way who is making those submissions to the SEC, you never answered that did you? I'd like to know the responsible party that's making those submissions, I'd like to know their experience with the SEC? Is it a secret? You better get some facts yourself so people may judge on facts."
ANSWER: It's no secret. If you look at previous SEC filings, it plainly states who ABEW has been using. What planet have you been living on the last two years while ABEW has been answering these questions?
As a side note, any successful person will tell you that goals are rarely achieved without overcoming numerous obstacles that are bound to get in the way. Those that persevere are the ones that reap the benefits. The losers always go home early with their tails between their legs because they have given up.
The choice is yours.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
Re: "There are plenty of facts, the one and one-half year period speaks for itself to get on BB. Let them try a new set of lawyers, should have been done a year ago."
That's your answer??? Puhhhhleeze.
I thought you had some hard facts to prove that they "intentionally misled everyone"? (You just stated your opinion - again!!!) Was it ABEW's fault that the SEC was using the new Sarbanes/Oxeley accounting methods to evaluate their books for the last several years?
Heck, just about every corporation on the NYSE and NASDAQ has announced that they are now having to re-work their books according to Sarbanes/Oxeley just to satisfy the SEC. Many of them are STILL trying to complete their audits!!!
Next time you accuse a publicly traded company of "intentionally misleading" their shareholders, you had better have some hard facts to back up your statement.
Have a good night.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
Okay. It's time to put up or shut up.
Please show proof regarding the following accusation:
"I think the facts by ABEW either show that ABEW management has either been negligent, incompetent or intentionally misrepresenting the BB status, take your pick. I'm hoping it's the last one mentioned; it's better for us."
Please don't state your opinion. We need FACTS here.
"with hope comes trust..."
I think you have that backwards.
"leave business to the trumps and murdochs..."
That's why Raj hired Gene as President. Whether or not you accept Gene's abilities to manage is your opinion. Given the obstacles that he's had to overcome, I'd say he's done a satisfactory job. Time will tell...
So, now you're accusing ABEW's management of "intentionally misleading the shareholders about the BB status."???
ABSOLUTELY RIDICULOUS...but at least it explains WHY you're so bent on justifying your assertions.
Have a good day.
Hey, anything can happen. But I know deep down you're hoping for a quick NASD approval. Only time will tell...
"If they can show or prove to a financier they have a need to expand, they will advance the funds even w/o BB status, but financiers need solid proof of projected earnings before that will happen, and ABEW has nothing to base that on until they do have some earnings."
Well, not only is that not true, but it is a contradiction in itself. In the same sentence you claim that "financiers need solid proof of projected earnings before that will happen," and then you go on to say that "ABEW has nothing to base that on until they do have some earnings."
That's ridiculous. You claim that a company must first have earnings to project earnings.
There are MANY, MANY financial groups that will lend money before a company shows a profit (or earnings). But first, those financial groups almost always require the company to be a fully reporting company listed on the OTCBB or higher exchange.
Well, unfortunately you're not comparing apples with apples and therefore your rebuttal doesn't hold water. Let's break it down one point at a time, shall we?
"The company may have originally wanted BB status when they expected no changes in the specs., but once that happened BB status was not the focus of their endeavors, getting their equipment certified to spec was the focal point and still is. That was the set-back to everything including going on the BB."
That's baloney. Getting BB status is NOT dependent upon their "equipment" [software] getting certified. Never has and never will.
--------------------------------------------------------------
"Furthermore, if they have proof (what I mean by proof, if they have the "beef") and they can show financiers they have the "beef" they can get the financing w/o BB status. One company, the diet supplement co. MediFast was a pinkie and solidly developed its little company on the pinkies w/lottttttsa REVENUES before they moved up to BB and then NAS. The pinkie status didn't hinder one iota MediFast's growth on the pinkies. Once they showed growth, they moved to BB - not before."
Here's where you're NOT comparing apples with apples!!! Anytime a company (like MediFast) can show revenue and profits, it is much easier to get financing. On the other hand, Airbee Wireless has been a development company for the past four years and has NOT shown a profit since its inception. Therefore, they are limited as to the type of financing they can get. Since profitability is not expected until the 2nd quarter of next year, they must address a different type of Investment Group for their financing.
--------------------------------------------------------------
"I consider your argument a "red herring", putting the cart before the horse. Once ABEW shows us and everyone else the "money", this company will move both in price and to the BB."
Well, once again you are trying to connect BB status with something that is totally unrelated. The NASD does NOT approve a company from the pink sheets to the OTCBB based on its profitability. It is based mainly on clearance from the SEC - which we have done. Your other comment equating our share price with our profitability is generally accepted by all investors. That's a given.
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"Sorry, that is why I consider that there is a disconnect with your statement, it has no real substance. (Substance: company says what you say, I don't recall ABEW saying they want BB to market and expand right now; if so, show me where they want that to happen right NOW.)"
Now you're manipulating my words into something completely different. I never said that ABEW wanted BB status to "market and expand right now". I said that ABEW will receive financing once they get their OTCBB approval from the NASD - which in turn will allow ABEW to continue its expansion in their India operations and start our Marketing program. You see, those things are a RESULT of our BB status.
---------------------------------------------------------------
"Again, this is a string-a-ling-along about the BB status by the company, it diverts attention from the fact that ABEW is not ready to move upwards until end of 2Q or 3Q. BB is not needed and most likely not wanted at this point in time."
Well, once again you're implying something that has never been stated by the company. You can't keep making a presupposition and then expound on it as if it were true. What you are stating is simply your opinion and has no factual basis whatsoever. BB status IS NEEDED FOR OUR FINANCING. IT IS NOT LINKED TO OUR PROFITABILITY IN THE 2Q OR 3Q. END OF STORY.
Also, for your review, I'm reposting my original text from which you are basing your comments.
Have a good day.
First of all, Gene has stated that our financing arrangements with the investment banker is dependent upon our move to the OTCBB. Once we have our financing we can start our marketing program and expand our operations in India to handle the influx of new business that is expected.
Secondly, being on the pinks is considered "off limits" to most investment groups because of the non-reporting status with the SEC. That's why most investment groups refuse to invest in ANY company listed on the pinks. Being elevated to the OTCBB raises the stature of ABEW to a fully reporting company and thereby will attract more investors...which in turn should raise the PPS.
"Why in the world would Airbee want to pay the fees for BB status when they are not generating sustainable revenues???????"
Well, since you've asked the question, I'd like to respond.
First of all, Gene has stated that our financing arrangements with the investment banker is dependent upon our move to the OTCBB. Once we have our financing we can start our marketing program and expand our operations in India to handle the influx of new business that is expected.
Secondly, being on the pinks is considered "off limits" to most investment groups because of the non-reporting status with the SEC. That's why most investment groups refuse to invest in ANY company listed on the pinks. Being elevated to the OTCBB raises the stature of ABEW to a fully reporting company and thereby will attract more investors...which in turn should raise the PPS.
I'm sure there are more advantages but those are the main ones to be aware of.
Hope that answers your question.
abew4me
Yes. Simply go to www.airbeewireless.com and click "Investors" at the top. This will take you to another screen. Look on the the left sidebar and scroll down to the bottom and click on "Message Board". Once you have registered, you will have access to the ABEW's Message Board.
Gene Sharer has been kind enough to answer most any question that pertains to the company.
According to Gene, we are "contracted" to perform this service. Therefore I presume that we are receiving MONEY.
WOW. After acquiring Chipcon and Figure8 almost a year ago, Texas Instrument still does not have a certified microcontroller with the Figure8 software. In fact, just the opposite has happened!!! Texas Instrument has contracted ABEW to fullfil this project. What does that tell you about our relationship with TI?!!!
Read it for yourself...
Msg # 199 Posted By: Gene Sharer
10 November 2006 02:34 EST
This message is reply to msg # 195 by Dan.
WE are not yet on the Jennic platform. It is also not certified so it is classified as a "one off" product. The ZigBee spec. level 1.1 has delayed most vendors in their product releases. As a result, we will not see significant results from out agreements with customers until the end of the second quarter and into the third quarter of 2007. This is consistent with what the company has been saying for the past several months. TI acquired Chipcon which had a certified product to the 1.0 level. Chipcon used an Atmel microcontroller. TI does not have a certified product with a TI microcontroller therein. Airbee is under contract to take it through certification.
You guys have posted a lot of comments and accusations about the outstanding shares but neglect to inform everyone when ABEW's management responds. Let's try to be "Fair and Balanced" folks.
Msg # 197 Posted By: Gene Sharer
10 November 2006 02:26 EST
This message is reply to msg # 196 by cpe codder.
This is a repeat of a response I gave to someone some time ago. There is a difference between "issued" and "outstanding". There are over 14 million shares which have been issued and are in escrow accounts which collateralize loans outstanding or the convertible debenture with Montgomery Equity Partners. Those shares are non-voting shares. If you care to review the SEC filings, you will see the correct number of shares outstanding each quarter. The transfer agent does not know the application of such escrow shares. As an informed investor, I recommend you view the official reports as filed with the SEC. At September 30, 2006, the outstanding shares are 75,592,352. As of today, the share count is 77,360,769. The difference being shares issued to a private placement investor in October.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Well said. There's a huge difference between a prediction..."I think", "I believe", "I predict" versus a specific pronouncement...this "WILL" happen, this "IS" going to happen.
Agreed. eom.
Everyone is well aware of my old predictions. They were based on market adoption of the old ZigBee Spec. Unfortunately, the ZigBee Alliance decided to revise the old spec - which forced everyone to stop their plans for production and wait until the new spec came out.
Obviously, my old predictions must be viewed in the light in which they were intended. To view it in any other way would be blatant manipulation.
As "soon" as the NASD is done reviewing our paperwork that was submitted by our Market Maker on our behalf.
You can't get to the NASD until you clear the SEC. Yes, it was a VERY big deal to get passed them. It does matter if you want to get off the pinks. If you don't want to give them any 'gratitude' that's up to you, but the biggest hurdle has been crossed and we should be getting our clearance very soon.
I would say that getting clearance from the SEC is pretty damn good for progress. Where is your 'gratitude' for that?
Ah, I think you're overdue!!!
Guys, I know you're frustrated but you've got to hang in there until we get off of the pinks. You'll know when the "jig is up" when you start seeing multiple Form 4's being issued for millions of shares to be sold by the insiders. Right now, everyone is holding their shares VERY TIGHT.
ABEW's management is doing everything they can to get us through this beuracratic BS.
abew4me
Jig is up. Sell your shares. Move on. eom
At the shareholders meeting in June, I remember asking Raj about the possiblity of a 'ZigBee phone' and he said that there was a lot of activity in that area. I think he mentioned the VOIP/Video phone company but the owner had way too many expectations for the joint venture. As far as I know it's gone nowhere and is dying a slow death.
Personally, I think Raj and Gene have learned their lesson about getting involved in a vertical market...no matter how promising the product may look. Once you start down that path it opens up a whole new can of worms ie; Manufacturing commitments, new vendors to deal with, more money to allocate for production, etc, etc...way too messy in my opinion.
Raj and Gene are squarely focused on the horizontal market and continue to position ABEW with the big boys so that we can collect our royalties on the backs of their products. Staying clear of the vertical markets is much less risky and allows us to stay focused on being the best software provider for the ZigBee Industry. I think they've chosen the right path...especially since we've strategically established ourselves in India - which is considered to be THE best place to have a software operation. The fact that we've been able to attract highly talented software engineers at such low wages has made us the envy of our competitors. Airbee-India has accomplished so much in such a short period of time that it would have taken anyone else much more man power and probably millions of $$$ to match our achievements.
We may not have the numbers yet, but when ZigBee gets going we should be one of the first companies to show a profit because of our License Agreements and back-end products. We just have to stick it out until production starts. Right now, the ZigBee Alliance is preparing to accept the first hardware platforms for recertification under the new 1.1 spec. Once that happens, you can expect products to hit the market within 2 - 3 months.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
Re: "in time korwin's software will be certified, just like others."
Don't be so sure!!!
Call Korwin's headquarters and ask them how confident they are in passing the rigorous testing that is required for certification. I'd be real interested in knowing their response.
From Jennic's standpoint, they can't afford to take any chances.
What happens if Korwin's software doesn't pass?
Or perhaps they can't get it certified in time for their customers?
Or maybe Jennic's customers just don't like the performance of Korwin's software?
Jennic needs to have several options for their customers to choose from or their customers may go elsewhere!!!
Last I heard from Gene, Jennic needed to make some corrections to their hardware platform before we could port our software on it. If they haven't already made the necessary corrections, I'll bet they are scrambling to get it done now. (lol) Someone should ask Gene where we stand with them...or should I say where THEY stand with us?
Have good night.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
Just as I thought!!!
I've been saying all along that NO ONE has been certified with the new 1.1 spec and, according to Andy Feuerstein of Jennic, neither is the software they're using for the 100 node package!!!
Question #1) Who's software are you using for the 100 node package?
His answer: Korwin
Question #2) Is Korwin's software certified with the new 1.1 spec?
His answer: No
Question #3) Are you using the old ZigBee spec for this 100 node package?
His answer: As far as I know, yes.
Question #4) How are you going to upgrade the old software to the new spec if it is not backward compatible?
His answer: I've never heard that. Are you sure?
My answer: Yes, that's my understanding straight from Bob Heile of the ZigBee Alliance.
His answer: Perhaps you should talk directly with Tony Lucido. He works out of our London facility.
Andy was kind enough to give me Tony's phone number in England, so I will make that call when I get a chance. (Should be interesting.)
In the meantime, someone should follow up with Gene to inquire our relationship with Jennic, because it seems that they're going to need our help if they're selling 100 node packages on the old ZigBee spec.
It all comes down to software folks. Either you have the goods to support your claims or you don't.
Gotta go. I'm buried in new business myself. Wish I was with Poolman in Hawaii. I could use a break.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Called Jennic's North American Corporate Office here in S. California and left a message on their voice mail regarding their recent Press Release. I specifically requested that Tony Lucido call me back because I had some follow up questions. Will let you know what I find out. To be continued...
Tony Lucido, VP marketing of Jennic, commented, "Having provided ZigBee evaluation kits through 2006 we are now seeing many customers wanting to evaluate large-scale deployments of wireless sensor networks. The key features customers require are stable, robust, wireless communication in a variety of challenging environments, particularly commercial buildings, industrial environments and co-existence with wi-fi networks. A year ago Jennic addressed the market need for low-cost, easy development and we now complement this by simplifying large-scale deployments with mature, stable hardware and software."
[Sure would like to know who's software they're using for this 100 node package - ESPECIALLY SINCE NO ONE HAS ANNOUNCED THEIR APPROVAL FOR THE 1.1 specification yet!!!
Someone PLEASE get ahold of this "Tony Lucido" and ask the following questions:
1) Who's software are you using?
2) And, has this software company been certified with the new 1.1 spec?
In any event, whoever orders this 100 node package is going to field test it for at least 3 - 6 months before deploying it on a grand scale. You can take THAT to the bank.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.]
Great Read!!!
SCOTTSDALE, Ariz., November 6, 2006 – In-Stat (http://www.in-stat.com) believes that because of the clarity of the ZigBee standard, the organizational strength of the ZigBee Alliance and the involvement of several of the world's largest semiconductor companies, ZigBee will emerge as the dominant wireless mesh networking technology.
There's more. To read the entire article just click below.
http://www.industrial-embedded.com/news/db/?4480
B/A is .15 x .17 eom.
Okay, Back to business...today is November 6th, has anyone heard anything from the NASD regarding our approval?
Bummer. I just found out that the letter was another one of those "urban legends" that has been floating around. I really enjoyed that letter.
http://www.snopes.com/humor/letters/landgrab.htm
I don't normally share this type of information, but I agree with the person who sent it to me that it's too good not to share.
A New Orleans lawyer sought an FHA loan for a client. He was told the loan would be granted if he could prove satisfactory title to a parcel of property being offered as collateral. The title to the property dated back to 1803, which took the lawyer three months to track down. After sending the information to the FHA, he received the following reply.
(Actual letter):
"Upon review of your letter adjoining your client's loan application, we note that the request is supported by an Abstract of Title. While we compliment the able manner in which you have prepared and presented the application, we must point out that you have only cleared title to the proposed collateral property back to 1803. Before final approval can be accorded, it will be necessary to clear the title back to its origin."
Annoyed, the lawyer responded as follows (actual letter): "Your letter regarding title in Case No. 189156 has been received. I note that you wish to have title extended further than the 194 years covered by the present application. I was unaware that any educated person in this country, particularly those working in the property area, would not know that Louisiana was purchased, by the U.S. from France in 1803, the year of origin identified in our application. For the edification of uninformed FHA bureaucrats, the title to the land prior to U.S. ownership was obtained from France, which had acquired it by Right of Conquest from Spain.
The land came into the possession of Spain by Right of Discovery made in the year 1492 by a sea captain named Christopher Columbus, who had been granted the privilege of seeking a new route to India by the Spanish monarch, Isabella. The good queen, Isabella, being a pious woman and almost as careful about titles as the FHA, took the precaution of securing the blessing of the Pope before she sold her jewels to finance Columbus' expedition. Now the Pope, as I'm sure you may know, is the emissary of Jesus Christ, the Son of God. And God, it is commonly accepted, created this world. Therefore, I believe it is safe to presume that God also made that part of the world called Louisiana. God, therefore, would be the owner of origin and His origins date back to before the beginning of time.
I hope you find God's original claim to be satisfactory. Now, may we have our damn loan?"
The loan was approved.
I guess we won't have any news on ZigBee until the hardware platforms get re-certified on the new 1.1 spec and the OEM's start producing products.
Until then, we need to be saying a few prayers to get our OTCBB approval...which will lead to our financing...which will lead to our Advertising Company...which will lead to our Marketing Program kicking in...which will lead to New Customers...which will lead to new Press Releases being announced...which will lead to REVENUE...which will lead to a much higher PPS!!!
ahhhhhh but it all starts with a few prayers...
Have a good week-end all.
Thanks for the plug John. eom.
Steve...I have never heard of anyone breaking the security of the new 1.1 spec. (Heck, it just came out a month ago.)
However, I do recall an article about RFID security being breached at a gas station with a lot of technical equipment needed to do the job.
The security layer that is built into the ZigBee stack is fully encrypted and should NOT be confused with the various forms of RFID.
abew4me
Disclaimer: All comments are just my opinion and should NOT be considered as factual.