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You have your views. I do not get paid to post my own.
Obtaining positive results is the bottom line. That is the only safe way to invest in this market.
Using your own logic;using the overall econony and environmental forcasts, now is not a good time to invest.
This is not that complicated. Hold off and buy low or wait for an irrefutable turn north (IF IT TURNS NORTH) and you can make money in this market. Thats the name of the game. Making money.
Good luck.
Bix
Gary, I appreciated your oppinions and the time you spent digging out some details.
Lets be honest with each other. Any gripes you have with me are irrelevant to this stock. I am no basher and I never posted consistantly negative comments about this stock prior to 2001. I invested in CBQI in April of 2000 and witnessed a rapid devaluation of my investment. I agree that CBQI entered some bad weather in 2000.
The ultimate question that we should all ask: "Is the storm over?" Many on this thread have been suggesting the worst is in the past. Considering back to back revenue declines, and a current market price of less than a quarter, I am not completely convinced that is the case.
Fluff PR is not going to convince me Gary. Efforts will not convince me either. The only thing that will convince me that the worst is over is the end RESULT. Unfortuneately, POSITIVE RESULTS continue to elude this company.
Richard
Overall, the market is being kind to me so I will not complain. While CBQI continues to be the weakest link in my portfolio, I'm secure with my other picks. Not everyone investing in this market is loosing money.
I see only the bottom line Gary. The bottom line is many on this thread are loosing money on this company. Now that would be easy to defend if the company had some evidance that performance is improving. ITS NOT. It is getting worse.
That is not only my view. It is also the Real World View (as reported in the Q). Cosistant declines in revenue is an important fact unless you want to own stock in a lemonaid stand. Where is the beef?
I dont care about the "possibilities," just the end results. Right now, those results are getting worse. I understand you get paid to tell the pretty picture. I only get paid when the results get better. Please keep that in mind when reading my posts.
Thank You for giving me credit Gary.
To bad you couldn't leave it at that.
I do not share your views of the market. Some things are black and white. I am not saying CBQI is a black and white issue. I just don't see an immediate opportunity with this company at this time.
We never know what the future holds.
Gary, It is true that I believe the day will come when those 5 Million CBQI shares will hit the market.
I grant you this... It is possible that will not happen. However, nobody has any guarentee that the stock will not get sold. It is not rational to say that because they are not yet registered, they will not "ever" flood the market. The only certainty that exists is they can only be sold after being registered. Combine that possibility with the fact that CBQI experianced back to back quarters of decreasing revenues (sales) and you have an economic environment that rather easy to predict.
You do not have to be an accredited investor to forecast the future based on historical fact.
I do not know who owns shares of CBQI stock anymore than I know who is selling and buying. For you to say you do know who is selling and who is buying gives you a crystal ball that no one else has. If that is true, why haven't you been buying?
Bix
I am talking about the 5 Million shares that are currently "tied up" at the moment. It is only a matter of time before they become registered and sold.
True, their is not enough volume to sell all the shares. That is why I suspect the price will fall.
Cheers
Oh and by the way Gary,
I am not at all attempting to point out your errors so don't get emotional if you happened to slip up.
Based on the past two performance reports detailing CBQI's deteriorating sales delima, one would be wise to consider holding off on additional investment until the company can increase earnings and reverse the current trend of declining revenues.
An important detail worth mentioning: CBQI has not yet been affected by the issuance over 5 million shares of stock used to make acquisitions early in 2001. IMO, The affect of such a large number of shares introduced to the market combined with continued derease in revenue performance will undoubtedly assert negative pressure on CBQI's stock value.
Cheers,
Bix
Gary, You should use your calculator and subtract revenues made in the past six months from those in same period last year.
They are SHRINKING. Even if you include Technet, EasySoft, and NEtworkland, they are still lower than last years numbers. Or did you miss that?
Bix
CBQI revs decline by 27% (down by $ 1,377,337.00) to a humble $3,712,859 compared to the same six month time period a year ago.
In spite of aggressive mergers and acquisitions in early 2001; Networkland, Technet, and Easysoft failed to contribute enough revenue to avert continued declines.
If current declines continue at this rate(50% in 1st Q and 27% in 2nd Q) we are looking at revenues that will experience an additional 21% reduction by the end of 2001.
Using current 6 month revs as a base. CBQI is on target to generate $ 2,933,159 in additional revs ($6,646,018 total) by the end of 2001. That is 24% of the ARRR Gary and Da were boasting about just 100 days ago.
Is the glass half full? or half empty? While many on this thread will deceive you into believing that this company is getting healthier by the day, the results documented on the Q remain poor. I for one, am not at all surprised. Investing in CBQI exceeds my RISK tolerance. There is nothing here now that will not be here 3 months.
Good Luck to you all.
Bix
IF the revenues fail to stack up against the ARRR (Which I preached would not happen), then I only see the recent PR as smoke and mirrors to detract from the fundamentals. CBQI lost revs last Q. Unlike the press, the Q will tell the story.
RESULTS or NO RESULTS? That is the question.
Gary - The 8-K was suppose to list the assets purchased. Forget the representations or signatures and release what ever details can be released. Include safeguard explaining info is incomplete due to the fact that your pen ran out of ink preventing signature.
LOL
Bix
WHERE IS THE 8K? GONNA BE OUT SOON? WHY LATE?
Gary,
RE: "FORT WORTH, Texas--(BUSINESS WIRE)--June 21, 1999--CBQ Inc. (OTC BB:CBQI) announced today that its recent merger partner Global Logistics Partners (GLP) has added another $1.5 million in contracts over the past 5 weeks exchanging surplus equipment between Imperial Esso Canada, BP Amoco Canada as well as renewed contracts with Kuwait Oil Company."
Source:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10204506
Where are these GLP revenues? Did not see it on 10-K.
Bix
I'd like to know too.
Typically, CBQI has paid for acquisitions with its stock. Perhaps the stock has depreciated to the point that merger candidates are no longer accepting this method of payment?
Hmmmm... The end of the good ole days?
Bix
Gary FYI: Sid originally approached me. Suggesting I am the souce of the inquiry is inaccurate. Unless something has changed in the past 90 days which he has not discussed on the boards, I'll continue to take him at his word. As far as me slamming Sid, it is for him alone to determine if and how long he will carry grudge.
My gripe all anong is against the hype and refusal to discuss underlying problems. If he considers my asking for his view of a specific transaction to be offensive, its his problem. Is Rick Williamson a problem? I honestly do not know. The only facts I have are those in the SEC reports, a few articles,and Sid's oppinions (Providing this is the same person he was alluding to).
CBQI is not without flaws. IMHO, CBQI's strategy of spend more before making more will be its undoing if revenues fail to justify the price tags on the products purchased.
When is the 8k comming?
Gary,
One point: When we met, Sid went out of his way to tell me about a deal that yielded little fruit. I do not recall the name of the person nor the company.
It appears I may be off track here. Is this the same person as Williams? Or is this a completely different matter? If Williams did not deliver on his promises, I for one have no problem with taking action. I could use a productive outlet to focus my pessimism.
Bix
Sid,
Comments?
Frank,
Considering CBQI's strategy of aggressive growth through acquisition, it would be couter-productive to taint its reputation with this type of litigation. I'm not suggesting that CBQ would avoid litigation to sustain an image, but I do think it would stay out of litigation if its currently involved in other M&As. Another reason, the CEO may avoid litigation: In the overall scheme of things, 6 M shares is not that much to the company as a whole.
One point about litigation. Its expensive so most attornies want healthy retainers when approached by a corporation. But when its some broke investor who felt the weight of the sham in his brokerage account, he tends to get a better deal. Its the shareholders who lost. Not just CBQI.
Regardless, Im only soliciting thoughts and ideas. Fact finding has to occur before further committments to this action can be made. Lets discuss it.
Re: Richard Williamson
Anyone interested in following up on possible class action suit against this man for his role in/contribution to CBQI's inflated stock price and subsequent crash?
Bix
I think the Audio Chat Meetings will aleviate the shortfalls of written discussion...
Hearing the tone of voice and scencerity of shareholders is more easily tolerated than a written dialogue.
I have no problem with you either. I am not here to be understood. Sjust sticking to my guns on scenarios that are about to unfold.
Our many discussions are perfect examples of how words are easily misunderstood on the internet.
Eagles, When I met Gary, he came accross a very polite and sincere person. I don't think sees how he comes accross in some cases.
If you talk about negatives, he conducts himself like an AMWAY distributor.
YES SIR ! : )
Gary, If you want to tone down your rhetoric, I wont feel the need to defend myself. I will not volunteer to sensor my discussion simply because threaten to do so. I'm not in the mood to respond any more than your in the mood to read my responces.
Gary, Once again, I am not discussing SOCT... I am discussing CBQI Stock that will dilute my investment.
Bix
I dont know what case you think I'm referancing, but the one I'm referring to was disclosed in the 8-K with one other non-related case(# provided last night). If you did half the DD you tell others to do, you would already know that.
The again, you proabably already do know that. IMO, you would rather twist the story to one that detracts from the main point.
To get thid discussion back on track the main point was: 7.5 Million CBQI shares will hit the Market. IMO, the share price will be affected. The questions I'm raising: When? Where? How??? If you wanna buy, this is relevant information. IF you just wanna hold your shares and watch, it could be relevant for you too. Why hold on a dip if you can sell now and double your position later?
That is the Point. Any comments?
PLeNTY of JOY!!!
Thanks Whiz.
I want "truthful" discussion and nothing more. Gary has a nact for telling the good while debating the bad.
CBQI has a good story. But the story should not be told without discussing both sides. Its important to get the "entire" story out. Otherwise, the perception that IHUB is a hypesters paradise will become a reality.
Bix
Correct? 1% of total outstanding?
Thats 770,000 shares hitting no volume.
When?
Wrong Gary. Up to 1% of total share outstanding can have the legend lifted.
So out of 7.5 Million shares... The legend will be lifted and 144 can be filed how soon? October?
WRONG Gary, You asked me for the case # "regardless" of who it was about.
You asked me. The answer is: You will have to wait for the case number to be issued by the courts.
OPPINION is: "SOCT has nothing to do with CBQI."
FACT IS: CBQI bought SOCT assets with 7.5 Million shares of stock. The legend will be lifted in October.
Behavior/Demands/Disruption are clouded terms coined by those wishing to detract the fact above.
Your missing the point DA. This is about truthfull discussion of the facts. The fact is, the CBQI stock used to buy the assets from SOCT will hit the market and dilute our investment SOON. If someone wants to believe otherwise, that is their problem. I resent Gary's implication that I am wrong about the dilution scenario.
He is deliberately calling me and asking me questions so I will post things so he can later accuse me of being off topic.
Dont call me and ask me for the information if you dont want to know. This is poor IR conduct.
Excuse? 7.5 million shares is my only concern. Your the only one asking about the case number.
I'm only interested in discussing when the legend gets lifted (October?) on 7.5 million shares. I do not need your help to determine when the Trustee will file pleadings to liquidate the stock. I can do that on my own.
You keep on talking about SOCT all you want. Don't say I'm the one doing it.
Re: you have been mispresenting is nothing what you would have people believe.
Spin it Gary.
Will you be retracting your comments and restoring my posts after the Case # is disclosed?
That answers that.
Thanks for confirming my view.
Bix
Selectively deleting my posts and no one elses is wrong.
Particularly because the post you deleted indicates the case number is not available. When someone files petition for bankruptcy, a case number is not immediately issued. This is the answer to your questin.
My comments are directed to the 7.5 million shares diluting CBQI's share price. I thought you made some consessions on that point but I suppose you think otherwise. Being COB gives you the liberty of deleting posts you dont want others to know. Those shares will be liquidated. Its only a question time. I for one, will continue to follow the stock liquidation.