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Great opportunity for one of you to put your money where your mouth is. Big spread on bid/ask at open this morning. Put in a bid slightly higher and see what happens.
Put your money where your mouth is. Put in a 5000 share bid .0001 over the low ball bogus bid and they move up the bid and ask pronto.
So, you think IWEB is a Pump & Dump? Take a look at Lebed's other recent pump, Mustang Ranch Geothermal URXE .19 before promotion a couple days ago. Back to .20 today after a trip up to .33.
URXE has no sales and no future and yet investors were willing to pay more for a share of that than a share of IWEB.
What is it exactly that IWEB has that would make another company want to buy them?
Most people in and out of the industry view storage as a commodity like widgets or coal. I've been involved in IT since the 1970s, so I have some concept of what is sales BS and what is substance.
I know many of you dismiss any press release that's not about the merger as pure "filler". I've read these. Iceweb and Promark have a vision for a whole new industry. It's pure genius to take the same components that everyone else uses, and create the best combination of speed, scalability, error recovery, ease of use, and cost competitiveness.
Remember, IWEB is not a fly by night company. Quote from WSG. It's true. For 24 cents, it's a company with real products, real sales, in a major high growth sector. Why still just 24 cents? Either those of us who own shares are idiots or everyone else is and we'll find out soon enough.
http://community.icontact.com/p/wallstreetgrand/newsletters/club/posts/wsg-club-alert-iweb-cloud-computing-news-just-out
http://www.wallstreetgrand.com/IWEB.html
Wall Street Grand promotion:
"$50,000 in benefit of IWEB with a third party"
Did they spend $25,000 for a one day pop? Just to have it all fall apart with a merger deal collapse?
I think not.
Many of the stocks that Lebed has been paid to promote have done extremely well short term and over the long haul.
Jonathan doesn't seem too concerned that someone in management said something stupid about the merger being completed in two weeks. Nor does he express doubt that the merger will be completed by the end of this month.
Sure, Lebed is being payed for the promotion. But he wants to keep his reputation for picking winners not losers.
Paid promotions can be a warning sign. Often companies being promoted have some sort of a miracle product that doesn't quite exist yet, a dubious market for the product, and no real sales.
Iceweb has a real viable highly competitive product that large institutions are buying. True, it's not highly profitable today. It's reasonable to speculate that the profit situation could begin shifting in a positive direction within days upon completion of the merger.
The last time Lebed was strongly bullish on a sector, was with silver a couple years ago. Those who followed his advice on specific stocks and silver in general have triple digit percentage gains even after the recent slump.
If IWEB isn't the Lebed pick this time, it could be in the future especially if one of the major stockholders decides to write Lebed a check.
I believe Iceweb can do quite well on it's own merits without shameless promotion. A little bit of shameless promotion might get the ball rolling faster though.
Lebed's new pick?
IWEB – Cloud Computing’s Ground Floor Opportunity
http://thestockmarketwatch.com/newsletters/2011/06/13/iweb-cloud-computings-ground-floor-opportunity/
It appears that they were NOT compensated for this.
I've got early stage oldtimers disease and don't remember much anymore. I do remember them stating emphatically on the conference call no reverse split. So, I don't know why people keep bringing that up.
I don't see IWEB being "in trouble" at this point. I'm somewhat apprehensive about the merger details. If there's real trouble, we won't know until those details are released.
Possible reward outranks possible risk at this point IMHO.
Can you name one instance in history where a reverse split cleared up any mess?
Iceweb is Green. They haven't been updating their website. No mention of new Hybrid SSD 6000-HR here.
http://www.iceweb.com/products/iceweb-storage-system-feature-summary/
"[Iceweb SSD] drives are 80 times faster than standard disk drives and consume one third the power."
This means electrical power savings and smaller footprint for big companies like Google and Apple. I suspect the merger announcement will include a completely revamped website which is why they've been lackadaisical updating their current site. You can expect an enterprise level sales announcement at the same time.
Green is becoming a major issue for IT.
http://www.vancouversun.com/business/Could%20killing%20planet%20search%20time/4891461/story.html
"...the market for green IT will be worth $600 billion annually worldwide by 2013."
Conspicuous by their absence are PRs related to sales earned by Promark. These guys carefully pick and choose when they release information. Expect the merger announcement to include Promark sales and maybe some other goodies as well.
$5000 for this from OTC Picks Publisher
IceWEB, Inc. (IWEB) Releases New Case Studies Demonstrating Enterprise Use
http://stocknewsalerts.net/newsletter/iceweb-inc-iweb-releases-new-case-studies-demonstrating-enterprise-use
I don't think they released this as a PR for the general public. Appears to be aimed more at potential clients than investors. Definitely aiming to get into enterprise market in a big way.
Well put Sazo. "pick and choose services". This is big in my mind. Services can mean a lot more than just hardware maintenance. It could be software services which is how Ross Perot got rich, btw.
I was one of the biggest cloud skeptics because when the concept was first conceived, most people were still on dialup or had no computer at all. Now, high speed internet is ubiquitous and there's a veritable plethora of computing devices out there. If cloud isn't the top growth sector in the next 5-10 years, it's certainly in the top 3. Iceweb merged with Promark will still be just a spec in the IT world and they will be extremely well positioned for growth.
I'm not a finance expert but from what I understand, proper accounting would credit revenue for services to be provided at some future point as future revenue and not as a lump sum current revenue item.
Steadier revenue stream:
1) It's something new to sell, which means more revenue (assuming customers show some interest in it).
2) Say they sell $12,000 of service contracts. If they account for that as $1000 coming in each of the next 12 months, that is a steady revenue stream and they'll have at least $1000 coming in even if they don't sell anything else. Depending on how they do the financial arrangements, it could actually be $1000 coming in each month or maybe a lump sum at the end of 12 months.
Finance is not my area of expertise. I do know from personal experience that an employer of mine made changes along these lines to keep revenue coming in rather than focusing on large lump sum payments up front. The benefits were tremendous. Management could plan better and employees were much happier and secure.
Assuming they actually sell a significant amount of service units, there are only positives. Revenue can be amortized over an extended period of time protecting the company from sales slumps. In other words, there will be a steadier revenue stream to allow for better planning and avoid having to layoff good employees, shutdown production, etc.
Also provides promotional opportunities like two-for-one service units this month. Not a bad deal for Iceweb if those service units are also utilized as sales efforts. Don't ever forget that Iceweb-Promark is a sales driven organization. Some of these PRs and other efforts may seem hokey. Not all of it will work. The ideas that do work, will amply reward shareholders.
Think of pre-purchase as an extended warranty. Sears does it. Car dealers do it. Many other large and small companies do it. Generally, the profit margins are very high, so what exactly is the problem here?
Only a fool would buy a stock whose CEO is occasionally sometimes redundant.
Have no idea what "Bollies" are, but someone is getting paid to pump IWEB. That usually helps but gets less effective as time goes by unless there's a breakthrough of some sort. I'm hoping Bollies means the merger is completed without any "gotchas".
Nevermind. That PR for 2010 not 2011.
Corrected link for Major Penny Stocks
http://thestockmarketwatch.com/newsletters/2011/05/20/iweb-is-making-big-moves-in-hot-data-storage-sector/
This PR never seemed to get officially released or I missed it somehow.
http://www.iceweb.com/press_pdf/04202010YesWeCan.pdf
Not on here:
http://www.iceweb.com/news/press-releases/
Paid Pumpers. StockBrain & Major Penny Stocks
StockBrain twenty five thousand dollars usd for increased pubic awareness of IWEB by DC Consulting, a third party.
http://bulletinboardprofiles.com/newletters/iweb-could-be-a-1-00-stock-in-no-time/
Major Penny Stocks five thousand dollars for a one day IWEB advertisement.
http://www.stockblog.com/2011/05/new-major-report-iweb-potential-takeover-target/
Didn't Iceweb already have GSA approval? Isn't this just some sort of extension to include Promark as the selling agent?
Hello. "...completed merger...replacement of IWEB's CEO..." Hello. Both of these are coming down the pipe to arrive by June 30. That's soon enough for me.
We've been getting PRs roughly every two weeks. All of them are Significant and leading someplace. That place is entry into the enterprise level marketplace. Mr. Market may only look at this quarter's sales figure and punish the stock.
When Sigfried (Dis is Kaos. We don't pppfffftttt here!) rings the sales bell for the first enterprise level customer, Mr. Market will start paying attention.
Washington Wants $2.5B in Cloud Services
It seems the GSA will entertain proposals offering different kinds of clouds: public, private, government-only
The US government is looking for $2.5 billion worth of cloud services over five years, beginning with e-mail and moving on to office automation and records management, then possibly geospatial and financial services. The feds may share what they buy with state and local governments. The blanket purchase order would be made under the General Services Administration's SmartBuy program. Any e-mail bid needs at least a 5GB mailbox, mobile support, spam and virus filtering, remote provisioning, a 3nine SLA, trouble ticketing and help desk support. It also wants instant messaging, calendaring, archiving and e-discovery. Quotes are due June 19. It seems the GSA will entertain proposals offering different kinds of clouds: public, private, government-only. A number of federal agencies are already making their own arrangements.
http://govit.sys-con.com/node/1833293
Look for DUAL announcement. Finalization of Promark merger AND first 6000HR sale into a whole new enterprise market with not so subtle hints of more to come.
IWEB...dependable source..important mission...blah blah.
Let's be grownups and look at the facts.
1) DOD has chosen IWEB multiple times for important missions. Fact.
2) A growing number of government agencies and private companies have chosen IWEB as a dependable source for their storage needs over bigger, better known competitors. Fact.
3) There is not a single lawsuit filed against IWEB because their storage products failed to meet expectations. There is not a single negative review of their storage products either. Fact.
When the merger is complete, questions about corporate financial stability will be lifted and more Enterprise Level corps will be free to choose IWEB.
Gal, one of us must have a major misunderstanding of things. Satellite images are absolutely essential in conducting a special forces operation of this nature. The mission never would have been authorized if all they had to go on was a map from the Pakistani Motor Club. Satellite images are stored on Iceweb devices. What do you think the Defense Department has been doing with all the equipment that Iceweb has been selling them?
Gal, you believe that there is only a 1 in a million chance that satellite and drone images stored on Iceweb devices played a role in the planning of the Osama raid?
True, this is not the news we were hoping for. Stop and think about this. It's ANOTHER DEFENSE contract. Iceweb may very well have had a role in bringing down Osama and the top people in Washington may have decided to invest more in this technology.
This is interesting that Promark is now the exclusive distributor for Iceweb. Apparently Iceweb was able to terminate it's agreements with other distributors with little or no penalties. That's good planning on the part of management. They're not as dumb as some of you suggest.
I will also suggest that today's PR is not mere technical mumbo-jumbo just to have something to release. Management is going somewhere with their product line also.
Not saying that management hasn't made some boneheaded moves (like announcing that two-week thing). I'm confident that by keeping the best talent from both teams and reassigning or dumping some of the lesser individuals, they will make better more profitable decisions in the future.
A simple strategy is to sell 1/2 once you have a double. If you really like IWEB long term put the other 1/2 (house money) into a vault for long term storage.
Of course you can still invest more later but keep those trades completely separate from your vault shares.
That "2 weeks" issues has got some of your panties in a real bunch. I listened to the conference call but don't remember the exact words. Wish I had a transcript.
Yes, it is disconcerting. I can only speculate. Maybe they meant 2 months. Who knows.
Other than the 2 words "2 weeks" is there any other event or statement to indicate that the merger will not happen?
There are great synergies here. If the deal goes through, we could be looking at a $1 stock. If it falls through, maybe a 16 cent stock waiting for another suitor.