back from Europe, adding to my positions
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AND 56M is held internally by the company. That puts the float at an UNREAL 14M.
Clay, it's been awhile. Hope you've done well. Check out MBST, it's been in accumulation for the last 2 months but closed up 90% at HOD. With only 14M in the float, it's got room to run hard. IF you got the time, a chart would be nice BUT otherwise I hope this tip helps you make some $$$. Thanks for the charts on FRHV, it was quite the payoff. Later~
MBST closed up 90% at HOD. Watch tomorrow.
MBST could be primed for a significant move upwards tomorrow. Only 14 million shares in the float. I've been accumulating for the last 2 months and today at 3:30 this thing started to run. It's up 90% and closed at the HOD. News is also expected anytime. Do yourself a favor and put it on your radar or take a small position in the morning and watch closely. This one has plenty of room to run and finally appears to have some life.
Very nice! The board has been quiet but I'm glad to hear it's still on people's radars
Hope you were able to get in before the close. Time to ride this baby
MBST up 90% in the last hour of the day. Tomorrow we'll see MAJOR gains. Time to grab a stake before the close.
MBST up 90% in the last 30 minutes before the close. Time to hop in before liftoff tomorrow
Something big is right around the corner.. this kind of volume and buying at the ask before the end of the day. FINALLY is all I can SAY
Wow! Today has been fantastic!! and with no news??
To be exact:2 months left
from the PR- "MBST expects to launch its karaoke unit commercially in Q3 2010."
With only 2 months left in Q3, I'm expecting big things soon
Spark should be coming soon, an update on Apple Industries is right around the corner. My guess is we see news before September
Thanks for stepping up. I would send him a PM but my account doesn't allow it. If you'd like to add me Tec, I can also assist with the ibox
I don't know how anyone else feels but the ibox looks like shit. There is plenty of info, pics, and links that should fit nicely if anyone wants to volunteer giving it a shine? I'm sure we'll all benefit when more eyes make it to our board
Apple Industries looks legit. Their site has several different photo-booth models already available and I can't wait to see mobile star's karaoke machine up there as well. Apple industries already has 45 years of history, and distribution channels throughout the U.S. and Canada. Apple’s products can be found in shopping centers, amusement parks, theaters, casinos, tourist attractions, Restaurants and Pubs and more.. it's quite awesome to think of the revenue potential of just 100 machines let alone 1000.
Karaoke boxes are already the rage in Asia. If you google that term under images you'll see it can be anything from a mobile star type booth to a small room. It's just a matter of months before kids, teens, and even adults in this country will see our booth rolled out in their cities. Can't wait for America to get a slice of this...
Am I crazy to think if we all post some more, we can get this thing moved to the breakout boards and actually get some f-ing exposure? Well, it's worth a try..
For people who haven't read the CEO interview from Oct. 9th 2009 here it is. It's a good read and really encouraging to see how far we have come since then. Just looking for news as of now..
CEOCFO: Mr. Elbaz, what is the vision of the company?
Mr. Elbaz: The vision is having our unique karaoke machine as popular as possible, available to the public anywhere that has high traffic like theme parks, movie theaters, shopping malls, bars, entertainment areas. This will allow all of these types of areas to have the ability of studio-like quality recording for the public.
CEOCFO: What is the difference from how karaoke is typically done now?
Mr. Elbaz: The big difference with our karaoke machine is the automation and the possibility to produce a CD in high-quality. Today you can have karaoke at parties or karaoke at a bar. This just the karaoke where everybody hears you and you could if you wanted to, record it on your PC. However, it would be a poor quality recording and in public, you just wouldn’t record it. Live karaoke is great entertainment. What we make is a machine where anyone can sing and do the live karaoke and at the same time have a recording of high quality. Part of our invention and the property of the company is having a high-quality algorithm and system within the machine that enhances the quality of the recording. Together with that you have the possibility and part of the fun is to have a CD printed at the end of the recording, which you an take home or send to a radio station. It is quite high quality and not just a low quality computer recording. Professional quality is part of the product.
CEOCFO: Are you in the process of patenting this?
Mr. Zwebner: Yes absolutely! It is currently patent pending in the US, Israel, Europe and Canada.
CEOCFO: Has your concept been tried in the past?
Mr. Elbaz: After we started the patenting, we started the pilot here in Israel, which gave us fantastic results. This is part of what made us build the company around it. We had the pilot for over one year in very high populated areas with shopping malls and the responses were very enthusiastic.
CEOCFO: What is your plan for marketing?
Mr. Elbaz: The plan is to do a pilot in the United States in several different locations, in order to decide where would be the best locations of the priority of the deployment. Taking the experience from one country does not imply that the next country will have the same characteristics of users. Our plan now is to finish the machine from production and start several pilots at locations where we can see and test the response of the public and then move forward.
CEOCFO: What is your revenue model; is it licensing or selling the machines?
Mr. Elbaz: At the moment, we are not revealing this as our revenue model will be affected by the size of the locations in which it will be distributed. If we have to distribute in a movie theater chains, it would be different than if we were distributing it in a theme park. These are different channels of distribution and their type of usage.
CEOCFO: What about the manufacturing, should this take off and you need to ramp-up?
Mr. Elbaz: We have a manufacturer for our karaoke machines in North America. This manufacturer has experience with many years of mass production of booths and cabinets. So once we have the first and we are already bringing out the first machine as in our announcement, at this model we are able to increase the quantity very fast at high volumes that will be required. In a nutshell, the production that we have now for the first machine is a prototype in a location and a site and the know how to make it mass production in a short while.
CEOCFO: Mobile Star recently became a public company; why was this the right time and what is the financial picture like for the company?
Mr. Zwebner: The company completed its initial public offering in May (2008) and the received its OTC symbol and status shortly after and it is starting to trade. Recently in Israel, there was a write-up about us as a company that has filed additional patent applications and coming is additional coverage. Slowly, but surely, the story of the company is starting to get released to the public. For example, you have reached out to us. We are starting to get many letters from all kinds of companies that are starting to look at the company and its unique products and obviously they like what they see. In addition to singing the karaoke, part of the additional feature is that not only can it produce a CD, but at the same time, it would be able to forward the recording to a third party. For example, like American Idol; this could be a good complimentary product for them, which would save them money having to interview many contestants. There are many adoptions and features to the product other than just making a CD out of a machine. There is lots of potential and this is a very unique product and we are patent pending. We are not aware of a competitor that has a similar product and obviously, this is starting to catch the attention of the public.
CEOCFO: Development is expensive; what is the financial picture of Mobile Star today?
Mr. Zwebner: You can go into the filings on Edgar and you can see the June 30, 2009 financials. You will see the amount that was raised at our IPO and what has been spent on development. Like all R&D companies, we are always seeking financing to enhance development, from version one to version two and an even better version. We currently are in the process of seeking to raise equity. We hope the company will be able to win additional equity by the end of the year, especially now with our coverage of the market. However, we currently do have enough funds, so we are ok financially. Do we have enough funds for tomorrow to manufacture 100 machines? That is a different question, but we are on the right track.
CEOCFO: Why should potential investors pick Mobile Star out of the crowd?
Mr. Elbaz: It is a company with a very unique product. It is different from the usual high-tech, internet platforms, technology or communication. It is something very unique. The entertainment industry catches the eye of everyone around the world. The revenue potential in the United States, if you have 1,000 machines all over America and 10, 20 or 50 people walking into the booth a day, you can imagine what kind of revenues you will be looking at on a daily basis, I am not even talking about weekly, monthly or annually. This is a daily revenue product, not something where you will wait for revenue for thirty days with outstanding receivables. This is a cash business.
Mr. Elbaz: Even during the pilot that we have run here in Israel, without exposing the machine too much since it it was in a local arcade, our machine was the top revenue-bringing machine out of all the other machines in this arcade. The revenue target will be defined in the pilot, but I can say that it will be below $10 for a recording, which if compared with a person managed recording studio, it is maybe ten times cheaper, and you add the possibility of having a recording with this type of quality. It will be below $10 for CD burning as well.
Mr. Zwebner: If you have 1,000 machines and 20 people coming in a day that is $200,000 a day. It takes 3 to 5 minutes to record. In addition, this does not include additional revenues from being able to forward the CD to publishers, YouTube possibly American Idol, girl friends, or boy friends or sending it as a gift or singing and sending a song for a family member in some other part of the world. You can just imagine what kind of numbers we will be looking at.
CEOCFO: What about maintenance of your karaoke machine?
Mr. Elbaz: The ability to manage the machine remotely is most important. This feature is available from the first machine that is coming out of production. We are able to remotely control each and every machine in the network. These are coin operated machines that are to be spread everywhere. Not only can we see online what is happening to the machine, but we can upgrade versions of software, and we can add or remove songs according to the popularity. We are anticipating the different areas will require different types of music like Latino, Rhythm and Blues, for different tastes of different audiences. So all of this can be done and this is part of the concept of our machines, to have a remote management of the whole network of machines.
CEOCFO: What should people reading about Mobile Star remember most?
Mr. Elbaz: People should remember that Mobile Star has a fantastic entertainment machine that has a big future and a big attraction to a very large audience with different profiles.
Just going through google results found some spotlights on levelstock.com, drstockpick.com, and my.wallstreet.net.. not sure if any of these sites can actually move the price but it's at least worth noting the company is actively trying to get it's name out there. I'm CRAVING NEWS on this one. All we need is an update on Apple Industries and how that relationship is coming along...
Nice bounce in the last few days. It's nice to see it heading in the right direction.
Painful to see it this low but I agree that with news, it will fly. Unfortunately waiting is the hardest part.
Emailed the CEO
Questions are posted with his answers in bold:
Hi Danny,
I'm currently a significant shareholder of MBST and
have around 500,000 shares. I've been with you for the last couple months.
I have a few questions I'm hoping you could answer when you have time:
It sounds like you are planning to launch a rollout of the machines during
the second half of this year. Can you comment on where the relationship is
with Apple industries and when you plan to release a formal agreement?
We are progressing, that's all I can say right now.
Also, from the website and PRs it looks like you've drawn up a design of
what the machine will look like but actually building it is a whole
different issue. Have you successfully negotiated with who and how many
machines will be built? I imagine with a rollout of this year things should
be pretty much worked out by now.
Done
Your background is very encouraging. You were able to grow your last company
to 17 employees before selling it and making millions. Do you honestly
believe you are going to have another successful business here and if so,
would you put more of your own hard earned cash into it to minimize
dilution to current shareholders?
I believe we have a successful business potential here.
Last, but probably what's really on my mind, it seems as if no one has their
eyes on you yet. Obviously you are moving from the planning into
implementation stage but can you comment on if you plan to hire any
promoters to get your stock on people's radar's for when the news hits? The
last thing we want is to watch the price dive from inactivity/impatient
shareholders when you continue to make progress.
PR activities must be in sync. with progress in the field. That's our
plan.
All in all I can say I'm very encouraged by this. He did skip around the dilution question and we all know it's coming so as long as it's in moderation I'm fine with it. We have a good business model here and a CEO that I'm very comfortable with. Looking forward to news whenever it hits.
A count would be interesting.. I hold 427,000 shares.
Ten reasons to look at Mobile Star (MBST)
Worth keeping on your radar... news is coming soon. I did call FRHV months before it's ridiculous run up and this one has far more potential...
1) Memorandum of Understanding with Apple Industries
Preliminary distribution agreement with a company that has 45 years industry experience. Apple is one of the largest distributers in the vending business, and currently has 3,000 photo vending machines in the United States. Comprehensive agreement and details of the relationship to be announced.
2) Revenue projections and return on investment (ROI)
Apple plans on launching 1,000 units the first twelve months, beginning in the third quarter of 2010. MBST estimates $30K in annual gross revenue for each machine. ROI was originally forecasted in the range of 12-15 months, but has been conservatively upgraded to 9 months. Year one ROI projected at 34%, year two ROI projected at 78%.
3) Technology and development
It took CEO Elbaz three years to perfect the technology. The Karaoke machine is a recording and engineering marvel. No other product of its kind exists in this business. Elbaz has patents pending for this technology in both the United States and the European Union. Look for additional technology to be added, such as TV equipment, to utilize Internet and connectivity purposes. Elbaz has been asked how the machines will be built. He has only referenced they will be made in the US. All other information is confidential.
4) Target markets
For only five dollars, you get to sing and record your favorite song. A CD recording is generated with each purchase made. Shopping centers, amusement parks, theaters, casino's, restaurants, pubs, and tourist attractions will be targted. Approximately 40,000 pubs and bars across the country have a jukebox.
5) CEO Elbaz
57 years old, successful entrepreneur with 20 years experience in the Hi-Tech industry. Founded New Media Communications / Harmonic Data Systems, grew it to 15 employees and sold the business for $17 million. Elbaz also worked at Digital in Israel (1989-1995) and Cosmic Ltd (1980-1988).
6) ASCAP - The American Society of Composers, Authors, and Publishers
To avoid copyright infringements, Elbaz has successfully worked with ASCAP. Each artist will be paid a rate for each CD that is produced. This has all been accomplished up front, prior to the roll out of the product to the market place. Each Karaoke booth will have appoximately 1,000 songs to choose from with varying types of music.
7) Pilot Program
Success at Westchester Amusement Center, which took place in December 2009 and January 2010. Consumer feedback and usage above expectations.
8) Fully reporting company on the OTCBB, low float.
70 million shares outstanding, only 14 million in the float. Current asking price of .007 makes this a severely under valued stock. No evidence of dilution of the stock. 56 million shares are held internally by the company.
9) Foreign markets
Elbaz was asked about the broad appeal of such a device, and has advised that foreign markets will be analyzed. Japan and Germany are two such markets that are wild about Karaoke.
10) MBST developing models to drive traffic to vending machines
Marketing models, and preliminary discussions with two major media outlets to access millions of potential consumers is being developed. MBST is interested in developing long-term relationships with multiple marketing and media organizations and is considering several models of cooperation and joint ventures.
Ten reasons to look at Mobile Star (MBST)
Worth keeping on your radar... news is coming soon. I did call FRHV months before it's ridiculous run up and this one has far more potential...
1) Memorandum of Understanding with Apple Industries
Preliminary distribution agreement with a company that has 45 years industry experience. Apple is one of the largest distributers in the vending business, and currently has 3,000 photo vending machines in the United States. Comprehensive agreement and details of the relationship to be announced.
2) Revenue projections and return on investment (ROI)
Apple plans on launching 1,000 units the first twelve months, beginning in the third quarter of 2010. MBST estimates $30K in annual gross revenue for each machine. ROI was originally forecasted in the range of 12-15 months, but has been conservatively upgraded to 9 months. Year one ROI projected at 34%, year two ROI projected at 78%.
3) Technology and development
It took CEO Elbaz three years to perfect the technology. The Karaoke machine is a recording and engineering marvel. No other product of its kind exists in this business. Elbaz has patents pending for this technology in both the United States and the European Union. Look for additional technology to be added, such as TV equipment, to utilize Internet and connectivity purposes. Elbaz has been asked how the machines will be built. He has only referenced they will be made in the US. All other information is confidential.
4) Target markets
For only five dollars, you get to sing and record your favorite song. A CD recording is generated with each purchase made. Shopping centers, amusement parks, theaters, casino's, restaurants, pubs, and tourist attractions will be targted. Approximately 40,000 pubs and bars across the country have a jukebox.
5) CEO Elbaz
57 years old, successful entrepreneur with 20 years experience in the Hi-Tech industry. Founded New Media Communications / Harmonic Data Systems, grew it to 15 employees and sold the business for $17 million. Elbaz also worked at Digital in Israel (1989-1995) and Cosmic Ltd (1980-1988).
6) ASCAP - The American Society of Composers, Authors, and Publishers
To avoid copyright infringements, Elbaz has successfully worked with ASCAP. Each artist will be paid a rate for each CD that is produced. This has all been accomplished up front, prior to the roll out of the product to the market place. Each Karaoke booth will have appoximately 1,000 songs to choose from with varying types of music.
7) Pilot Program
Success at Westchester Amusement Center, which took place in December 2009 and January 2010. Consumer feedback and usage above expectations.
8) Fully reporting company on the OTCBB, low float.
70 million shares outstanding, only 14 million in the float. Current asking price of .007 makes this a severely under valued stock. No evidence of dilution of the stock. 56 million shares are held internally by the company.
9) Foreign markets
Elbaz was asked about the broad appeal of such a device, and has advised that foreign markets will be analyzed. Japan and Germany are two such markets that are wild about Karaoke.
10) MBST developing models to drive traffic to vending machines
Marketing models, and preliminary discussions with two major media outlets to access millions of potential consumers is being developed. MBST is interested in developing long-term relationships with multiple marketing and media organizations and is considering several models of cooperation and joint ventures.
Thanks for the lengthy reply. I'm in agreement with you 100%. News of rollouts is sure to be coming in the next month or two. My biggest fear is that no one notices. This is well under the radar of many people and I think we could do a better job of collectively spreading the DD/top ten reasons/etc. through other boards and sites to attract new investors.
100 shares bought today???? 70 cents! So basically that transaction ended up costing the buyer like $9 in fees. Can someone explain what the hell is up with that
Excellent compilation! Please sticky this Tec
Tec, FT, SS, & GD -
Person marks for all of you.
Completely agree. Things are progressing quite nicely as this fall it will be primed for a huge run. Between now and then we should continue to see these PRs (which is so reassuring as a shareholder that progress is being made) and for any new investors out there - this is the time to get in. Chart is way oversold, news is continuing to flow in. I'm adding to my position every week. STRONG BUY.
Share price taking a dive on good news? At .04 I would be adding if I had extra cash
Can't belive I'm able to get more at these levels. Fall is looking very nice but I think it will pop right back up on any volume.
I agree that would have been a mistake, luckily I didn't get it that high. I think my average cost was .065 but I need the money in the next week or so. Coming back from traveling and unfortunately life starts again. I would ride this out but it honestly will be much lower in the coming days and or weeks. Minor sale PRs won't propell the pps and with a breakeven quarter I don't see dutchess going anywhere soon. I may join you in picking this up sub .03 but for now it's a slippery slope downward...
So dissapointing, had to take a significant loss on this one. The momentum is gone here and so am I. Good luck to anyone still accumulating. Maybe in 4 more years this pays off!
Thanks BT
Some encouraging info about the CEO:
Danny Elbaz, 57 Years Old, has been our President and Director since the Company's inception in September 25, 2007 and began as of January 1, 2008 to oversee daily operation when the company began actual operations. He is a seasoned entrepreneur, a proven leader, and team player. With more than 20 years in the Hi-Tech industry Danny has experience in management, international sales, and marketing. He is among founders of NMC. Currently Mr. Elbaz is serving as a CEO and Executive Partner for two High-Tech companies, tracing new patents and technologies. Prior to that, in 1995 he founded Harmonic Data Systems Ltd., where he led the strategy to position the company. His time at Digital (DEC) Israel, 1989 through 1995, and Cosmic, Ltd., 1980 through 1988, honed his management skills while he developed his successful marketing and sales techniques.
Did some digging and found..
In January 1998 Harmonic (Nasdaq HLIT) acquired New Media Communications Ltd., which was renamed Harmonic Data Systems Ltd., for $17.6 million in stock. This acquisition allowed Harmonic to expand its products to include high-speed data delivery software and hardware. New Media Communications Ltd. was a privately held Israeli developmental company with 15 employees.
So just to recap, he was one of the founders of NMC/Harmonic Data Systems, grew it to 15 employees and sold the business for 17 million.
Successful Entrepreneur..check
Innovative New Product..check
CEO with millions in the bank.. check!!!!!
I wouldnt agree with "big sell off"... most of the investors here have been here for awhile and I don't think anyone is expecting ridiculous numbers this quarter. 2010 has been slow but the conference call laid it all out on the table. If people were going to dump, I would imagine they would have done it by now. Anything under .06 is a bargain imo.