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What's even more disturbing is they wear out the moderators who in many cases are just trying to keep a clean board with reasonable exchanges.
The fact is they break the TOU repeatedly, yet they rarely get booted off a board. It took me weeks amidst the biggest whining around IHUB to have them banned for a week for basically the same sort of thing minus a thousand fishing stories.
Sorry moderators, this is my last post on the subject. I realize you will need to delete these exchanges very shortly. But, I thought it was important for someone who has had a lot of experience to share.
IHU user agreement:
Continually posting the same or similar information;
Posting statements that do not add value to the discussion;
Posting excessively on one or more message board(s);
As well posting something that is completely off-topic to the current discussion.
And your point is?
Jim, get a life dude, closing in on 12 straight hours of posting again. If you keep going you might break your record of 40 straight hours from a few week ago. LOL
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Well, it looks like this board has turned into the nasty exchange board Jim and Janice have become known for creating around IHUB.
Says a lot about the character of someone who only visits a board after an SEC shutdown of trading, then fills it with condescension and know it all petulance.
I suppose if they fill the board with posts now, the ignorant new visitors will think they were posting well before the shutdown of trading and warning everyone with their incredible insight. LOL
Talk about transparent...
Brent, did you ask him whether he had proof of a 25 million dollar government contract? Did you ask him whether he had proof the earnings reported can be validated?
Yeah, the process is time consuming and you're right, they typically pay a fine and receive what most would consider light sentences. People do go to jail if solid evidence of fraud is put forward.
The tricky area is if shares are used to grow the business, that's considered a legitimate strategy. So. in this case, if Jim Plant were selling blocks of shares via HDSN as some have suggested to fund corporate growth, it's not illegal.
On the other hand, if his pr's don't match some kind of large scale government contract, that's fraud and he will probably be held accountable many months from now, when most of us have tossed our shares into the toilet and moved on to another stock.
No way this is good news, but if one were to search for a silver lining in all this it's the fact that we will *know* one way or the other within ten days whether this is the scam of the year, or the most undervalued pinkie on the boards.
It's one or the other. There is no gray area at this point and nothing can be prolonged or pushed into the future.
It's time for Jim Plant to put up or hear the distant clanking of a jail cell door, not to mention some *very* irritated stock holder voices.
At this point, the odds are against longs. Typically the SEC doesn't halt trading without a good reason. I would surmise the odds are 90-10 against Jim Plant and CKYS, but one never knows for certain.
We shall see...
Give us one example of an SEC halted stock benefiting from the action. This is a disaster folks, no doubt about it.
Jim Plant has some serious explaining to do. The SEC doesn't take these kind of actions on a whim.
Unfortunately, there is no way any of us can factually determine how many shares Jim Plant owns since the T/A won't release the information and the company is non-reporting.
The daily trading volume average strongly suggest there are far more than 200 million shares in the float. Where those shares are coming from is anybodies guess.
Hint: A document similar to this would be helpful in that regard. And a company making the kind of profits CYKS has proported to make shouldn't take long to prepare one.
http://www.sequiam.com/pdf/10QSB_11142006.pdf
Just speculation, but I think SQUM is a natural fit long term for CKYS. CKYS needs patents and R&D capability in order to move down the curve of the higher margin biometric business.
On each commercial they appear to be pointing the company in the direction of biometrics. Just marketing and selling is not going to be that profitable long term as huge entities such as Toshiba spread their tentacles in this area.
Building, marketing and then selling niche biometric products is a growth area though. It's also nice the purchase would now come with a Chinese manufacturer.
The key question is what price is right to pay?
Just some food for thought.
Google
OS: 306.16M
Float: 216.24M
Apple
0S: 860.22M
Float: 849.64M
Sandisk
OS: 196.69M
Float: 177.93M
Cyberkey (unaudited)
OS: 700.00M
float: 200.00M
Seen the cost of a pr debated a few times on IHUB. Consensus of the cost is 500-800 dollars.
If true, why hasn't the Investors Relations of Big Apple written Pink Sheets to correct the information?
There is nothing more important to shareholders than an accurate share structure. Control the AS/OS and float and you control the direction of the stock price.
If Jim Plant truly owns 500 million shares and believes in the future prospects of CKYS, why not restrict his shares for 2 years and remove them from the float? Would give an immediate boost to the stock, and set the stage for audited financials very well.
Hi Brent, good to see you still believe in the CEO's vision too. I'm just being very cautious these days believing anything spoken or written by a pink sheet CEO. No offense to Mr. Plant who may be the rare exception. I lightened my load a while back at 1.9 cents but still own nearly a million shares.
One thing I liked about the action today is we moved up 21% with relatively benign volume. That tells me with strong volume we could see even stronger performance.
If this company becomes one of the super rare ones in pink land to actually publish audited financials with Edgar filings, I'll be very happy for the large holders who have stuck with the company and believed in Jim Plant's integrity. Heck, I'll even send him a bottle of some great Italian wine as a note of thanks. Nothing would make me happier than to see a bunch of penny players win and win big despite overwhelming odds to the contrary.
We shall see, the fun and anticipation is tough to muster these days though.
I remain skeptically optimistic.
Best, Green
Very nice update. Professional, upbeat and clear regarding the direction the CEO is taking the company.
Thanks for posting the link.
Thanks, I also just noticed the Stealth biometric stick is now able to be ordered with a 2-4 week delay in shipping.
When a stock trades such a huge amount of the float in a week a lot of things are possible.
I'm leaning toward the belief the float is much larger than 200 million shares, probably equates to the OS of 700 million. Just too many shares trading weekly with a float of 200 million.
Excellent post, well said!
This stock appears to be a flippers playground currently, buy a couple of million, and then sell a couple of million an hour or so later. Add up a dozen or two people doing it, and you have our current situation.
I have no idea of the credibility of Mr. Plant. Most want to assume he's being honest and straightforward, unfortunately reality in pink-land tells us the opposite is too often the case. Increasing the AS under the guise of the reasons outlined has created these conditions.
Liquidity (or the perceptions of liquidity), adds value to penny flippers.
One of the many reasons transparency is critically important in this area of the market. If players were able to verify the share structure with the T/A by phone and ensure to some degree of satisfaction 3 billion shares have not come into the market, manipulation is more difficult.
MM's play on fear, uncertainty, past fraud speculation and the closed eyes of SEC oversight.
I would guess SQUM is not going to sell them the the NRA for anything less than a 10% markup. So, CYKS probably buys them for a little less than $300.00.
Bulk purchases may be even less expensive.
Right across from Hewlett Packard. Pretty nice position I would say...
Thanks for the information.
Yes, until we get Audited financials PE ratio's are virtually meaningless. Momentum and news are typically the driving forces to sharp upward movements of penny stocks.
There is a pattern I've noticed with sudden movements though, and CYKS Friday action matched that patter very well.
- Day one, news, jump in volume, stock up 25%-35%.
- Day Two, word spreads, other tidbits get out, stock jumpts 40-60%.
- Day three, momentum traders jump on board in droves, stock jumps another 50%-75% to settle around the midpoint of the day.
The first hour on Monday should give us a good indicator of whether higher than average volume will continue. If we see volume trends in excess of 30 million, it should be a good day.
Just some speculate food for thought...
Comparing the financials might prove interesting.
From JAN-JUN 2006
Sales- 25,048,391.47
Net- 12,152,060.19
From JAN-DEC 2006
Sales- 33,382,591.20
Net- 12,884,030.51
What's interesting is in the second half of 2006 CYKS had sales of nearly 8 million and profits of just under 700,000 dollars. So, when you compare and contrast the first half of 2006 with the second half the trend in earning profits is significantly down.
What else does this information tell us? In the first half of 2006 they had over 25 million in sales, yet in the second half they had only about 8 million in sales. Could this data be telling us most of the government contract was filled in the first half of 2006 and they are now using a strong marketing effort to generate the same relative sales numbers?
Just some speculation. If the numbers are accurate it still reflects a significantly undervalued share price, given the assumption of 700 million shares in the OS.
There's one just down the street from my house in Silverdale, WA. I will visit and try to confirm tonight whether they also sell Cyberkey devices.
They are large, similar in store size to a Best Buy store, but tailored just for sporting goods.
Significant news imo!
There's one just down the street from my house in Silverdale, WA. I will visit and try to confirm tonight whether they also sell Cyberkey devices.
They are large, similar in store size to a Best Buy store, but tailored just for sporting goods.
Significant news imo!
There's one just down the street from my house in Silverdale, WA. I will visit and try to confirm tonight whether they also sell Cyberkey devices.
They are large, similar in store size to a Best Buy store, but tailored just for sporting goods.
Significant news imo!
Duplicate post.
There's one just down the street from my house in Silverdale, WA. I will visit and try to confirm tonight whether they also sell Cyberkey devices.
They are large, similar in store size to a Best Buy store, but tailored just for sporting goods.
Significant news imo!
http://www.sportsmanswarehouse.com/index.htm
FYI, there's a "search this board" function available to the right of your screen. Although the term "accredited" was not used in the past, numerous discussions took place regarding the validity of GreenTree completing the audit based on their past performance.
A few posts:
http://www.investorshub.com/boards/read_msg.asp?Message_id=14439248&txt2find=greentree
Here's a post from early November describing a conversation with Jim Plant and GreenTree.
http://www.investorshub.com/boards/read_msg.asp?Message_id=14447003&txt2find=greentree
Here's a post referring to a conversation with Jim Plant and the audit being done in a couple of weeks from Sept 25th.
http://www.investorshub.com/boards/read_msg.asp?message_id=14244314
Actually, there were lengthy discussions regarding GreenTree doing the audit going back in early September. I even remember a few posters being told they would be done in a couple of weeks.
Yet here we still sit waiting...
Here's a couple of good post from that time frame.
http://www.investorshub.com/boards/read_msg.asp?Message_id=13794716&txt2find=greentree
http://www.investorshub.com/boards/read_msg.asp?message_id=13493855
Well said Danno, a company can say anything they want in a pr and most companies in the pinks do. Unfortunately, when a company is non-reporting they can basically get away with anything.
The time has come for Jim Plant to "Show us the money". And that means with third party verification via an audit. Not producing the numbers and producing more fluff pr's will only create the conditions upon which the stock continues to decline.
"Faith" is saved for religion, not corporate CEO's operating in the pink sheets.
New Pre-Validation list published 1/18/2007 for Cryptographic Module Validation Program FIPS 140-1 and FIPS 140-2. Still no Cyberkey products.
http://csrc.nist.gov/cryptval/140-1/140PreVal.pdf
List of companies already approved.
http://csrc.nist.gov/cryptval/140-1/1401vend.htm
Agreed, what's also bothersome is how the tough questions never seem to get answered in a clear direct way with this company. Despite many people who post here saying things like "I will find out tomorrow". Instead, they just disappear and expect everyone to forget. The cloak and dagger "just trust us" days are over. The fact that so many seem to believe secrecy is a part of this companies grand corporate strategy is ridiculous.
1. Why was the AS increase from 1 to 3 BILLION shares? As shareholders we deserve a direct and clear answer to that question.
2. Why haven't we seen audited financial statements for any period of time from this company?
3. Why is the company still not able to take orders for biometric sticks, now a month after XMAS?
4. Why won't the company sign a document allowing the T/A to give out share structure and management ownership of shares?
5. Why did the company give away 5 million shares for a simple question and answer video interview? Since the stock has declined since the airing of that puff piece, does the company believe it was a sound use of shareholder equity? Can we expect more of shares being used in this manner in the future?
6. FIPS certification?? I won't even touch since the board is so sensitive about questions related to it.
One major responsibility CEO has is communicating with shareholders, while increasing confidence and the pps. There are many other companies one could invest in, especially in the pink world. Recent actions have not created the conditions to increase investor confidence, just the opposite in fact. And we've lost some good quality long term investors because of it.
Unknown, could be an error or a precursor of things to come.
The AS has not changed. Still registered as 3 billion. Last updated October 24th 2006. Nevada updates their site very rapidly (within 1-2 business days) when in receipt of any changes from the T/A.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=L6dMOi7uE4m6NRBn5BNEaA%253d%253d
An interesting post and strategy. I think it more likely Microsoft will cut the price of ZUNE to below $100.00 first, and if still unsuccessful, offer them free if you sign up for downloads using their online software for a nomimal fee per month.
Does anyone know whether the iphone plugs into the same cradle the IPOD uses?
I would guess in order to gain economies of scale and be able to compete with Sanyo, Nokia and Motorola, Apple was willing to segment the U.S. market in order to capture the overseas market with their phone.
Phone markets are much more driven by the phone in Europe instead of the carrier, and that's a lucrative market for Apple to penetrate with the IPhone.
Can't help but wonder with all the good news coming from the conference, where the stock would be today if they had not issued an additional 2 billion shares in the AS.
Seriously poor timing just before the trade show.
Sorry, I can't explain the incongruous statements. There is an explanation. Unfortunately, the companies has chosen to speak in riddles instead of bringing clarity to the topic. Just as they've done with the AS increase and subsequent explanation. No one can figure out what the last pr really meant.
This board seemed to give up pretty quick trying to dicipher the last pr. I think it would be of value to re-engage the topic.
Maybe line by line will help....
CyberKey Solutions recently increased their authorized shares which will allow the company to buy back common shares with preferred stock. This will enable the Company to reduce the overall outstanding share total.
Is the company saying in this statement they could not have bought stock in the open market without increasing the AS by 2 billion shares? It just doesn't make sense to me. Why not simply purchase the shares in the open market and retire them if reducing the float was the goal?
Next statement...
In addition, the increase in the authorized share total will allow CyberKey Solutions to pursue acquisitions and continue their growth strategy.
Ahhh, the "in addition" appears to be the only logical reason for the AS increase, yet it's tossed in as an "in addition" statement. I suspect continuing their growth is also at the forefront of this statement instead of at the end. In other words, "funding their growth". Funding growth by use of stock certificates does not cause the float to be reduced. Just the opposite is more likely to happen.
"The continuance of the buy-back program will allow CyberKey to expedite our overall business strategy for 2007 and help increase value for loyal shareholders," stated Jim Plant, CEO of CyberKey Solutions, Inc.
How many shares are being purchased while continuing this buyback program? The last time the company issued a similar press release they gave the precise amount of money involved. Why no such statement here?
In other words, Jim Plant could have bought 20K shares in the open market and issued a billion preferred shares to himself or management. We have no real way of knowing.
All we know is the AS has been increased tremendously for reasons clouded in mystery.