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I couldn't do anything with the Olympics announcement because I was out of town.
I wish I'd been here late last week to see the CBQI Ask at .19. That may be the best opportunity we'll see. But who knows, maybe the selling will continue.
I picked up on another China stock today: TNTU. It's OTC, but with some great deals and strong backing. It's up about 300% over the past two months on strong business results and new deal announcements. At the moment, I'm just watching and will continue my research.
Good news that the 8-KA will be out soon. That should be an interesting read and provoke some discussion, thoughtful and otherwise.
As for the overall market, opinions are mixed, of course. I found a recent quote from that Swonk gal at Bank One pretty interesting. She says that inventories have been pretty much sold down. Companies will need to ramp up production soon. You also have to like the current inflation rate, which provides plenty of room for the Fed to lower rates further.
On the other hand, all of the layoffs can't help consumer confidence. And the global economy is pretty iffy. We'll see.
Hi, Gary. Wazzup! I'm back from vacation. Things are still in the doldrums it appears. Did you make any money off the Beijing Olympics bounce?
Thanks, Gary!
By the way, I'm taking off tomorrow morning and won't be back in the saddle until the beginning of August. Make a buncha money while I'm gone, and turn this market around if you can while you're at it.
P.S. I liked that filing today. I'm going to have to pay a visit to the offices of the Company, seeing as they're right downtown here in Chicago.
Gary, is there any trick to that? Or did you just copy and paste? There must be a trick. I've copied and pasted articles with pictures and they didn't show up. I saw a guy posting charts on another thread. I wanna know how to do that.
Found a problem, though. Takes more than a minute for the PR archives to load. Current PRs also took a while.
Gary, I see the Bid is now .40 for AFBR. (.40 x .53)
Gary, do you have an update on the case of Dr. Rattehalli. His case was continued to July, if I remember right. Not sure of the date....
Very nice. Won't have time to view all of it before I leave town, but am impressed so far.
MONI looking very strong for you, Gary. Congrats on that one! I will be out of town for the rest of the month starting Friday. When I get back, I will plan to join your tracking and research crew. You clearly are onto the way to win in this market right now.
Da!
Looks like they want to unload some of those shares they've bought the last couple of days.
Interesting. MHMY has it boxed .22 x .28.
About all this week will be good for, I expect, is that once it's passed we'll be one week closer to the 10Q filing.
Eagles, this is one area of focus that we will need to keep asking Bart about if and when these regular investor sessions become a reality.
It was interesting chatting with the fellow who asked that question about an hour before the first session began. He said he was a large stockholder from Texas who had been one of the original founders of CBQ.
I am glad that the 4.23M shares still are not registered. (Of course, Gary is right when he says that there are ways to sell unregistered shares.)
This topic bears watching.
I would have included yours, Gary, but I simply did a text search on my posts for the word "Williamson", which only turned up posts of mine containing that word...
Hi, Gary! Are you getting any R&R in this holiday weekend?
Oh, and Eagles, in case you're worried about time frames, check out this article:
Hunt Valley Web company undergoes major overhaul like its client, Orioles...
http://www.cbq.com/nr/2001/012001.html
You'll note that CBQ did not close on the acquisitions by the end of 4Q 2000, as hoped. It took them three months longer. You will also note that they did not sign the financing deals of $5 million from a New York venture capital firm and $5 to $10 million from a Chinese concern. Am I upset that they did not close on these financing deals, Eagles? MmmmmmmmmmmmmmmmmmmmmmmmNah! Why don't you ask Gary why I haven't lost any sleep over those "roads not taken"?
Shucks, Eagles245, you sure don't seem very competent if you can't find my posts re Rick Williamson, so here is a little helping hand. Took thirty seconds to assemble and three minutes to copy...
Let's ask Gary, shall we? While he says
http://www.investorshub.com/boards/read_msg.asp?message_id=102197
Posted by Da ! on 5/13/2001 12:09:48 PM
INVEST7168, very good point! I had seen that
http://www.investorshub.com/boards/read_msg.asp?message_id=101904
Posted by Da ! on 5/12/2001 9:27:20 PM
From CBQ's recent 10KSB:
http://www.investorshub.com/boards/read_msg.asp?message_id=101503
Posted by Da ! on 5/12/2001 12:09:23 PM
Why would I love to know those details?
http://www.investorshub.com/boards/read_msg.asp?message_id=101428
Posted by Da ! on 5/12/2001 9:08:33 AM
Here is the Global Logistics Partners Acquisition Contract,
http://www.investorshub.com/boards/read_msg.asp?message_id=101421
Posted by Da ! on 5/12/2001 8:57:24 AM
Sidney, thank you. The press release you mentioned
http://www.investorshub.com/boards/read_msg.asp?message_id=101418
Posted by Da ! on 5/12/2001 8:55:37 AM
A clause from the agreement signed by Michael
http://www.investorshub.com/boards/read_msg.asp?message_id=101280
Posted by Da ! on 5/11/2001 10:50:47 PM
I'm actually glad to hear that JF is
http://www.investorshub.com/boards/read_msg.asp?message_id=101020
Posted by Da ! on 5/11/2001 5:51:13 PM
I sure do wonder about those 4.23 million
http://www.investorshub.com/boards/read_msg.asp?message_id=101011
Posted by Da ! on 5/11/2001 5:45:36 PM
After that, Sidney Lieberman and Einstein himself Michael
http://www.investorshub.com/boards/read_msg.asp?message_id=100981
Posted by Da ! on 5/11/2001 5:30:41 PM
Barely a week passed after that last PR,
http://www.investorshub.com/boards/read_msg.asp?message_id=100930
Posted by Da ! on 5/11/2001 5:12:11 PM
Man, that forward-looking, safe harbor statement at the
http://www.investorshub.com/boards/read_msg.asp?message_id=100923
Posted by Da ! on 5/11/2001 5:04:48 PM
Monday May 17, 7:19 pm Eastern Time
http://www.investorshub.com/boards/read_msg.asp?message_id=100910
Posted by Da ! on 5/11/2001 4:53:26 PM
From the PR announcing the Global Logistics Partners/CBQ deal:
http://www.investorshub.com/boards/read_msg.asp?message_id=100892
Posted by Da ! on 5/11/2001 4:44:54 PM
Gary, you stated on RB that you can't
http://www.investorshub.com/boards/read_msg.asp?message_id=100326
Posted by Da ! on 5/11/2001 11:48:16 AM
Oops! Let's try again:
http://www.investorshub.com/boards/read_msg.asp?message_id=98611
Posted by Da ! on 5/9/2001 11:45:00 PM
Here's what Residuum on RB dug up regarding
http://www.investorshub.com/boards/read_msg.asp?message_id=98606
Posted by Da ! on 5/9/2001 11:44:00 PM
Rick Williamson signed the 10Q that was filed
http://www.investorshub.com/boards/read_msg.asp?message_id=98319
Posted by Da ! on 5/9/2001 6:48:46 PM
I would guess that they did not get
http://www.investorshub.com/boards/read_msg.asp?message_id=98303
Posted by Da ! on 5/9/2001 6:34:37 PM
Have done some more research regarding the Global
http://www.investorshub.com/boards/read_msg.asp?message_id=98289
Posted by Da ! on 5/9/2001 6:24:23 PM
Gary, are you familiar with the deal CBQ
http://www.investorshub.com/boards/read_msg.asp?message_id=97915
Posted by Da ! on 5/9/2001 1:27:41 PM
Note that if Gary's figures are right (which
http://www.investorshub.com/boards/read_msg.asp?message_id=96963
Posted by Da ! on 5/8/2001 3:05:45 PM
Well, Whizz, take another look at Gary's post
http://www.investorshub.com/boards/read_msg.asp?message_id=96950
Posted by Da ! on 5/8/2001 2:56:44 PM
Actually, jjcrunch, he responded to my first post regarding financial branding with the post below. He didn't appear to get it. I'm sure he still won't.
By: Eagles245
Reply To: 18032 by iwasda $$$ Tuesday, 26 Jun 2001 at 12:23 AM EDT
Post # of 18144
Da - What the heck are you talking about? Jeez you are such a hypester.
Don't forget and they paid off all their debts with cash in full, and China hired them to write all the software programs ever needed over there and of course Bart will be the next President of the United States and will hire CBQ to write YADA YADA YADA...
Will ya lookie there DA is part of YADA, now that is a perfect example of foolish brand hyping.
I believe that the relationships with Roy Lerman and Capital Suisse Securities shows that CBQ is making a concerted effort to manage its financial brand. If someone feels my opinion is wrong, that's OK. I'm eager to explore this topic further, as I feel it is extremely critical to appreciation in the value of CBQI stock.
Da!
Welcome to July, folks! The second quarter is in the books. We now have a month and a half for the bookkeeper to figure out whether we won or lost.
Despite what Whizz, Bix, Eagles, and others might claim, it has been a good quarter for the stock price. This was the first quarter since 3Q 2000 where the stock price ended higher than when the quarter began. Of course, it is disappointing that we couldn't hold the gains made in late April and early May, but the volume hasn't been there. From that standpoint, the stock performance has been disappointing. Our biggest volume day was April 27, when we traded 108,800 shares, hit a high of .45, and closed at .32.
I'd like to get back to this topic of managing the CBQI financial brand; in particular, because it seems such a mystifying concept to Eagles245.
Here are some links that provide information about this concept:
http://www.shvalue.com/build.html
"Building a Superior Financial Brand
A Strong Financial Brand Has Many Benefits
- More sell-side research coverage.
- More liquidity.
- Less volatility.
- Less shareholder "churn"; rising ownership by “partnership” investors.
- Trading consistently at the high end of “warranted” range.
- Superior reputation in product and capital markets, and with the trade and business media.
-Lower cost of and improved access to capital.
- More effective marketing.
- Highly-motivated work force.
- Enhanced recruiting.
- Stronger vendor, distributor, user relationships.
A Brand is a Promise
- To customers in the product market; to investors, in the capital market.
- The goal is the same: creating customer/investor preference.
Brand Building on Wall Street Means
- Making sound promises and honoring them; managing expectations well.
- Earning a positive “spread” on your cost of capital -- the outcome of sound operating, financial and investment decisions.
- Communicating these decisions and your other “brand attributes“ effectively.
- The right incentives to energize the system.
It’s Industrial (versus consumer) Marketing
- A few, identifiable, smart, demanding “customers.”
- Well-known purchasing criteria.
- Highly collaborative, ongoing buying decisions.
- Large penalty to disappointing the “customer.”
Superior Companies/Brands Reject Concepts Like:
- “Growth is always good.”
- “Bigger is better.”
Superior Companies/Financial Brands Believe:
- Markets are generally efficient and stock prices are generally fair, given the available information.
- Stock prices are driven, not simply by size, growth or return, but by the difference between the cost of and return on capital -- the “spread” -- and its durability.
- Virtually every company has opportunities to enhance value.
- Progress starts with objective benchmarking which may lead to change.
- Change is an ally.
- Reputation is more important than any balance sheet item.
Superior Companies/Financial Brands Make One Important Promise
“Financial, operating and investment decisions are made to build long-term shareholder value, which our incentive systems are designed to encourage, and we will communicate these decisions to the extent this doesn’t compromise our competitive position.”
http://www.shvalue.com/commun.html
(worth a visit...has some interesting slides)
Issues
- What public investors know sets stock price; what management knows drives intrinsic value.
- Stocks are mispriced because management (the insiders) and the market (the outsiders) have different information sets and/or because they interpret shared information differently.
- This “asymmetry” can be very pronounced (e.g., among small cap, newly-public companies) and “search costs” -- the effort an investor must make to understand the company -- may be discouragingly high.
- The function of any communication is to transfer information from the company to the market, thereby minimizing “asymmetry” and “search costs.”
http://www.motiv.co.za/financial/
"In short, to develop a financial brand the same brand-building principles that create a great consumer brand are applied. In order to obtain a premium share price, a company needs to ascertain the position of its business in the financial community’s critical perception."
Eagles, search my posts here.
See, you're a guy who only sees one side of the coin. I look at both sides. When I don't look at the side you prefer, then you attack in a very impolite manner.
Interesting information, Gary. I have to look into this IP telephony stuff. Even if the quality is challenging, the price looks right. It's worth a try.
Also, keep up the work on getting the story out. Nobody can accuse you of not trying. You're laying the groundwork now. By the time the CBQ plan gathers steam, you will have everything in place.
However, I do agree with others who have complained about the CBQ website. Like the guy who never fixes his roof during good weather, they keep putting it off and putting it off. What's the story there?
Gary, I spent 20 minutes signing up and trying to find my way around this site. No luck in finding a Ga Bard Corner. If you're going to use stuff like this, you have to give more detailed steps on where to find stuff. This PalTalk site is not very user friendly IMO.
Plus I would highly recommend that people set up a special e-mail address on hotmail or yahoo for signing up for services like this. The "cost" for this "free" service is spam advertising.
I just tried to get there and couldn't get through. He may have taken it down.
Bix, your problem is that you don't know to separate your opinions and beliefs and speculation from the "truth." People who are unable to do that are often referred to as zealots. They continually try to impose their view of reality upon others. It is overbearing and most people resent it. Thank goodness, there is some mechanism on this thread to put a halt to zealotry.
If you come and post your opinion, acknowledge that it is only your opinion, then see what discussion ensues, that is one thing. But you don't do that. You demand that others see things your way, and you extend this demand into a campaign of disruption.
Such behavior is uncivilized, to say the least.
Gary, if it will make Bix feel better, you can go ahead and delete my post re the CBQI shares and the SOCT subsidiary shells. It won't bother me a bit...
Gary have you noticed this portion of Socrates' latest 8-K? Looks like they are up to their shenanigans. I thought CBQI paid its shares to Socrates, but they have taken those shares and associated them with the Technet and Networkland shells. This can't be in the best interests of the SOCT senior debenture holders, shareholders and creditors.
http://www.freeedgar.com/search/ViewFilings.asp?CIK=937603&Directory=1019687&Year=01&SEC...
Item 3. Bankruptcy or Receivership.
Registrant is insolvent. With close to $750,000 in unpaid accounts payables, a 4% Convertible Debenture with $3.5 million in principal outstanding, and multiple legal actions taken or to be taken against Registrant, Registrant is highly unlikely to survive outside of bankruptcy Protection.
Registrant's main assets are its wholly owned subsidiaries Networkland, Inc, and Technet Computer Services, Inc.
Networkland Inc. is already applying for bankruptcy protection. Networkland's main asset are shares of CBQ,Inc, a publicly traded OTC:BB company with share symbol 'CBQI'. The shares are held in a certain escrow account. Known liabilities are negligible except for legal action against Networkland brought on by its former Chief Executive Officer who filed a complaint in the Circuit Court of Arlington County, VA, for breach of his employment contract after his services got terminated for cause.
Technet Computer Services, Inc. has been offered for sale. The company's main assets are its 11 software engineers who are leased to CBQ, Inc., and shares of CBQ,Inc. which are held in a certain escrow account. Known liabilities are those incurred in the normal course of business, except for legal action against Technet brought on by its former Chief Executive Officer who filed a complaint in the Circuit Court of Arlington County, VA, for breach of his employment contract after his services got terminated for cause.
Whizz, OK, we can discuss CBQ based on this post. What the market is telling me is what I've known all along: no one press release is going to move this stock upward to a new plateau. There must be a change in CBQ's overall picture in order to accomplish that. This picture is created through the filings, the press releases, and the conversations one has with those associated with the company.
Thank you for reminding me to do my DD. I will take that advice any day of the week from anyone.
Remember, no one press release will change the big picture of this company. Even a release such as the announcement of the asset purchase from Socrates did not change the overall picture permanently. Its effect was temporary. It has taken weeks to digest and begin to assess the situation. We won't truly have a clear picture for months.
If you feel that is not the case, then you are welcome to that opinion, but I will not share it.
Whizz, this is the OTCBB. Most of the money made in the OTCBB is made by playing the movements of stocks that oscillate. It is very rare that a company graduates from the OTCBB to a major exchange. We are talking about a company in CBQ that is attempting to go that route. It is therefore an extreme long shot. Of course, that means the risk-reward ratio is high, which is why I am here. But it also means that the prospects for this company will not change overnight. Bart Fisher has been involved in this company just over 18 months. He only now has gotten the company to the point that he can be paid a salary.
How much longer will it take before he is able to transform this company into more than an OTCBB long shot? I can't answer that, because I don't know. It will certainly take longer than you are willing to wait, based on the opinions you have expressed over the past nine months.
Sheesh, would you just sell your shares and move on. You have descended to the level of grade school taunts that are devoid of substance. There is no point in continuing this conversation, Whizz. If you want to discuss the developments and DD of CBQ, I'll respond to you. Otherwise, you can bleat all you want, but we're done.
If a nickel a share will not surprise you, Whizz, then for Pete's sake why are you holding? Don't you get it? If you think the company is heading down, if you think it is overvalued, if you thiunk they are on the wrong track, get out!
You can bleat all you want to about my ignorance and embarassing myself. I have a thick skin. I can take it. But the fact remains taht you are holding onto shares in a company you don't believe in. That just cracks me up.
Whizz, I have my mind set on one thing, all right, and it is doing DD on this company. I make my judgments based on what that DD tells me, not based on an article in the Washington Post that reveals nothing new. Quit embarassing yourself, Whizz.
You are right about the fact that we need to see volume in this stock. You are wrong when you expect to see people jumping into this stock immediately. Those individuals who became aware of CBQ yesterday thanks to the Washington Post article are not just going to dive into this stock (unless they are like you). They will take the time to do their research and then begin following it. If CBQ continues to make positive strides and implement their stated strategy, we will see the sort of increased volume that leads to an appreciating stock price.
Don't be a sore loser, Whizz. If you feel you did the right thing by selling, just count yourself lucky and move on to the next investment.
Question: do you have more shares to sell? If so, please sell them soon. I want to buy them, Whizz.
Where did I question Mr. Knight and his information, Whizz? I do not question his information one bit. He obviously researched CBQ.
Gary is right, though---Knight neglected to mention the most troubling item from the last filing: the loan in default that CBQ inherited through the Quantum acquisition. It's no wonder he didn't mention it, of course. All he had to do was call Sun Trust, as a good reporter would do as a matter of course. He most likely would have found out that the loan had been repaid last week, as today's release indicates. So if he wanted to paint a negative picture of CBQ, he had to stay away from the default.
Lebaneseproud, it is my belief that CBQ is marshalling its cash resources to do a deal. It had bigger fish to fry than the stock buyback at the moment. Read the going concern the article quotred today. Read the statements from Bart Fisher that are available. It is my opinion that CBQ will use its cash for one or more deals. Period. End of story. When that will be is the question. I have been waiting for June and, in particular, for the end of the month. Deals tend to happen at the end of a quarter. I've held my tongue about it so far, but now we're getting close. If we don't see something soon, then we probably won't close a deal until September. Just a dozen or so days to go. But judging from past experience, a deal may be announced earlier than it is consummated.
You know what's amazing, Stock Whiz? I'll tell you. What I find amazing is that you decided to sell your shares because you read this article. Are you trying to tell me that anything you read in that article was news to you??!!!! I am floored, if that is the case. Everything in that article is the most basic of basic DD. I have to ask, then: why did you invest in this company in the first place? When you invested, the company's financials were in far worse shape. Why didn't you sell the moment the 10Q that this article quoted came out? If you had sold your shares a month and a half ago, you could have gotten nearly twice as much money for them. What is the breaking news that this article suddenly gave you? I am totally mystified. Please clear it up for me.
By the way, Whizz, this was a great day for CBQI. You don't see that, but that is par for the course. You sold your shares based on the information in an article, information that has been public knowledge for weeks.
Coverage of the company in a national forum is astoundingly good news. Did the article accuse CBQ of anything illegal? No, it accused CBQ of acquiring all of the revenue-producing assets of a Nasdaq-listed company for a modest amount of shares and a promissory note. Why do you think individual investors and brokers were calling up the IR of CBQ today? To laugh with derision and call him names? No, there are investors out there who can read a situation and do their own DD to make up their minds. These are not the sort of investors who sell their positions based on suddenly reading information in an article that has been available to them for weeks. They are investors who read the whole package and size it up for themselves. They are investors who can recognize when an author is being selective in the information he reports. They are investors and brokers unlike you, Whizz.
By the way, please sell more shares, Whizz. You do have more to sell, don't you? Please sell them. I am looking to take them off your hands. And I do want to do so at a better price than was available today...though today's price wasn't bad.
Hey, Gary, I think you'd better send a big ol' gift basket and a very friendly thank you letter to Mr. Jerry Knight. It's not every day that a little publicity in the national media falls into the lap of an OTCBB-listed company. Shucks, you didn't even give Mr. Jerry Knight any shares, and look what he ups and does.
By the way, you been earning your money today, Gary? What sort of interest does it create when an OTCBB company gets coverage in the national media?
A very intriguing story ol' Jerry Knight painted. A company that used to trade at $16 a share and now trades for less than .30. A company that managed to acquire all of the revenue-producing assets of a NASDAQ-listed company for a very good price. A company that does not have an ongoing concern statement from an accounting firm, but does have a CEO and Chairman who appends his own going concern to his business strategy.
Gary, what sorts of questions do people call up and ask when they read a story like that? And what sorts of people pick up and call the IR of an OTCBB company when they read its coverage in the national media?
OK, the latest info on Market Guide shows that CBQ's revenues/employee are $198,250. That would project to roughly $20 million in revenues over a 12-month period if it holds true.
Whizz, thanks for posting the article and warning us of your partial divestment of your position in CBQI.
Gary, nice job on the investors package. So we have 100+ employees and 8 consultants. We'll have to see if CBQI's revenue/employee ratio holds. I remember that it was over $250,000/employee last I checked Market Guide. That projects to $25 million in annual revenue. I'll try to access Market Guide later today. I'm having problems with the computer that has the access, but I'll see what I can do...
In the meantime, thanks again for the new package. Looking forward to the online chat with Bart Fisher tomorrow evening. Does anybody have any questions they would like to see asked if they can't be there?