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Brywin35 don't panic let it go down a little more and buy some more this will take your average down. It's called chasing old money with good money. That's sometimes tuff to swollow I know.
Trust me I've seen this stock PLAYED since 2005, it will go back up. But if you average down your sell point will be lower then what your at now. The sad part is your entry point now is at its high mark.
As one poster said earlier...
I have no pitty for anyone who owned this at .015 and watched it climb to .049 and not get out. Newbies please don't listen to those who say it will settle at .02 and go back up to .04 Please!....It will settle at .016-.018 and stay there for couple months. And to those that bought in the .04 range, well, you deserve to loose your money buying into a chart like that.
He is right on with what he said. You just have to know the past to see that fact. JMHO
Balihi it's amazing how you seem to ignore some facts but still keep asking posters to proove what they say!!!
You ask...
They also said,they would become a reporting company sometime,this year>>2007!Can you show me where they said,they would become a reporting company,last year?
Here I'll post it one more time for you. Now take your time and read it real slow. Here is an exert from the PR...
BANGKOK, Thailand, Oct. 20 2005 /PRNewswire-FirstCall/ -- Affordable Telecommunications Technology Corporation (OTC: ATCT) announces it has retained the Highmark Group, a California based consulting firm, to move the company from the Pink Sheets stock exchange to the prestigious American Stock Exchange (AMEX). The company plans to change its name to Buzz Technologies, Inc. Sutida Suwunnavid, Chairman of the Board of Directors said, "Our top operations priority is to ensure that we are a full reporting company with audited financial statements". We plan to work closely with the Highmark Group to quickly complete the requirements of trading on the American Stock Exchange."
Now let me help you!!! First take a look at the date line, to be more specific the year. 2005!!! See it? 18 months ago. The KEY issue in ths PR is, now follow along this isn't hard here, is the quote by Sutida and you'll notice she put it quotations...
"Our top operations priority is to ensure that we are a full reporting company with audited financial statements'.
I hope this information puts to rest your request for posters to proove to you this issue of the company becoming a fully reporting company.
So I ask as an investor what would you expect if the company said 18 months ago that there TOP PRIORITY is to become a fully reporting company and they haven't?
Just curious and I'm not attacking your post. How come it's okay for someone to accuse those who diagree as being a basher? Then accuse those same posters, the reason they are here is to make PPS decline, "PERIOD"? So is one to assume those types of post were not atacking other posters? Is one to assume that type of post is a positive post?
I guess when posters, no matter who they are, bring valid questions to the board and it is not what others want to hear that is the reason this board is not healthy? I guess it wouldn't have anything to do with valid information being presented which might have enlighten someone and maybe changed their opinion of the stock!!!
Do you think it is wrong when one poster post his opinion of what might be happening and several other posters gives their opinion of that post, which disagrees, is attacking?
Sometimes posting replies in a wise cracking way is the best way to express to that poster how silly his post was!!! I would not preceve that as being a personal attack. I would see that as being kind in a blunt way. JMHO :)
MrSmith1 you are 100% correct, no if's and or but's. If it wasn't for all the BASHERS the price would be what, $0.02!!!
Boy I wish they would go away and stop giving all that factual info and stop asking pertinent questions when it comes to BZTG. I just hate that on these forums.
Shoo, go away bashers then the PPS will probably keep going, DOWN.
Then what will we have for an excuse? Ahhh, don't worry about it, we'll find something to blame!!!
Tedbel a few important issues with what you posted.
One, the price they paid for the shares from the private investor is unknown which is key to any profit or loss knowledge. That is a huge factor. So at this point BZTG has paid out and received nothing in yet. And whether this even happened.
Second if they were to cancel those shares that move would increase investor confidence. A plus for the overall company. Probably increasing the PPS.
Another point you said is...
China Plus is busy buying (when they aren't dumpimg at 4 cents).
Good point about dumping at $0.04. If they are in the business of making money, I would imagine they are buying and selling at all levels of play!!!
As for them reaching 50% of the company, I'm not sure or at this time don't remember China Plus stating they are trying to get 50% of the company. I might be wrong.
Yes as per the PR they will sell THOSE shares to China Plus for $0.124 per share. Who gains the comapny officers.
If they were buying on the open market as they said they were going to do and sold those shares to China Plus this move would AGAIN spark a positive in investor confidence. Again probably increasing the PPS.
I've said it before if I'm the company and I believe in my company I would be buying shares back long ago when the price was at $0.013 levels. To buy now at $0.03-4 ish doesn't add up. Again this stocks average over the two years has been lets say $0.026 ish. So if I'm that private investor I would not have sold for anything less the what $0.36 ish? Again as were your #'s so are mine just guess's. JMHO of course!!!
As far as what China Plus owns now is an unkown. So stating with those 70 million that would give them 75% is again an unkown fact.
What has bothered me all along is the same officers being in charge of both companies. That does not sit well with me. JMHO
So in the long and the short of it the only one who made out is the private investor who sold the 70 million shares to BZTG. I'll bank on it that he did NOT loose anything on that deal.
Balihi when you post your wisdom and knowledge shines in each post. I look forward to each and every post of yours.
Your comments concerning what others say as being facts is one of my favorites. I totally understand why you would doubt a person quoting a PR released by BZTG as not good enough for being fact. Yes I understand your thought process, as to a said poster not showing how or where he got said info!!!
Yes, not believing in what all posters say is what each poster should evaluate for themselves to decide if he or she will invest in a company. As to the uniformed investor and any post which you or they feel is trying to convince them it is a scam (as you say). Again this is why I value your wisdom.
When it comes to EVERY poster who shows a difference in opinions as to what others say being paid? I just love that thought process. I imagine every negative poster is a gazillionaire and what many UNIFORMED investors don't know is we also get a 401k, 4 weeks vacation and medical benifits.
Trust me nobody is ignoring what you post. How could we, with wisdom as yours I for one wait for every post.
Being you have your secret ways (methods) of getting your questions answered by management is another reason I wait for each and every reply you get. I beg for you to display your replies from the company. With all of your DD and each fulfilled reply one would assume you are overflowing with knowlegde about BZTG.
You are correct, being most UNIFORMED investors don't have much experience when it comes to managing a company one would assume we are all incompetent when it come to the basics of investing. Being a pinky company would have nothing to do with "what information they may want to keep private,and for what reasons".
I agree, asking straight forward questions to a company is entirly the wrong way to approach any company. One needs your methods to accompish that. When getting any reply from anybody I ALWAYS feel better when I get the words "Thank You". With those words alone I believe everything and never question further.
I also agree with not sharing a companies responses. Being they would be top secret it might be insider info. I would never devuldge what was said. I'm on your side with that one. You should be happy with your wisdom I look forward to your reply.
Wow what a healthy reply, you need to show some of your style to Weo1998. Very nice to see a reply without being ignorant as others have. I appreciate your attitude in answering a persons post. Thanks...
So if I'm reading you right you've moved in and out of this stock? Yes!!! Playing the stock? Yes. Making money. Which is the way I think it should be done with pinkies, in and out. Take this stock and 99% of pinkies they will usually never really go anywhere. To hear these bloated futuer share prices to me is BS. I prefer reality.
As for all of the different issues which were presented through BZTG's PR's and forgetting some, sorry. You must admit there were many. And many more never were followed through. No? So one would consider 75% of what is released by BZTG' PR's with a grain of salt. Which hurt them.
Yes, how true you are about the O/S not being run up. But one has to worry about the quick 9 million increase. What is your opinion of the 70 million buyback from some unknown person? Don't you think the company needs to make clear that issue? And I wonder how much they paid per share? Sure did bury themselves with the $0.07 buyback issue. Slap in the face to see them buy the 70 million shares.
As for Bethke he was a nothing to me. He was only luggage which they have gotten rid of. I'm quite sure he still holds shares. I really don't think he will have any effect on shares most people don't know him.
You still left out the Asian Assets/China Plus would you like to talk about that? If not I'll let it go.
How about Shane? LOL
How about having audited financials?
Bottom line in MY opinion this has and at this point still is a play stock which is the whole theroy of the SCG. Who has made $.
Aries4747 would you like to express your opinion of the Stockcharter Group and their involvement with BZTG and other companies?
Would you mind elaborating on Prestige Asia/Asian Assets/China Plus?
Slojab you wont get that question answered!!!...eom
By the way Kroner1 stated an incorrect comment about the company buying back shares at $0.07. Just curious, why didn't you correct him?
Kroner1 please understand I'm not blaming you or your post. I believe I answered your question? Thanks
Like yesterday somebody is taking his ball and going home!!!
Kroner1 no, they are not buying up their stock at a price of $0.07!!! They put out previous PR's stating a buyback at that price but it has not happened. At this point the only large buying was 70 million from a private seller. Who no one knows.
Chuck you can put whatever spin on it you want. LMAO So I'm being honest and now my only intentions were to bring the price down. LMAO I guess that's why I said that in my post. Dumb ole me. Go figure now you found out!!!
Okay, sure thats the only reason I posted. How funny no matter what a person post (the truth) there is ALWAYS someone who tries to come up with some lame excuse. Yelp, I'm only reason this stock is down.
Not ANY other reason . It's all my fault. Whoa is me!!!
I'm NOT saying BZTG is doing anything illegal. I'm NOT saying they don't have legit stuff. The problem with BZTG is they have to many open ended issues. They need to fill in the blanks.
Is it some AOL? No. It's just some tiny web site among to many giants. If it was so great again I ask, how come real investors don't see it?
I wish EVERY BZTG investor luck and I hope they make a ton of money. One should know the background of how a stock starts. Again I'm not saying they are doing anything illegal. I couldn't proove it anyway!!!
If it goes down further I might just have to buy some. I was in this once and sold.
Let's put it this way. I'm a company my stock is a nothing issue. An investor comes along and says I would like to be your IR person. Announce that with the right PR and the PPS goes up.
This person then says, I and a group of investors will be buying tons of shares. Announce that with a PR and the PPS goes up.
The company now puts together something, anything PR's other investments. Remember this is pink land. A PR stating in talks, letter of intent, letter of memorandum there are many things that can be said leagally. Announce that and the PPS goes up.
This person then says I'll promote and present your stock on stock promote sites. He just increased the PPS again.
Just posted by Stockcharter...technically speaking IDCN update: high volume analysis, within the last 5 days we have purchased another 100m shares. before march is out we will attempt another 100m shares. we will buy at least 200m shares in the month of April. we want this stock tight for the pending fundamental developments. reiterate our long term accumulate rating. and our short term strong buy rating. kashjr@aol.com
Sandbath he works with a group of investors that do the same thing he does buy stocks low real low. They load up at real low prices.
Take IDCN $0.0002-4ish @ $0.0003=$15,000. Sell @ $0.0009=$45,000 a nice $30,000 profit. Remember times that by alot. They are buying 50+ million shares. As per IDCN last year with the help of the gas rise this stock went to $0.0056. Do you see the money?
Take BZTG @ $0.013 x 5 million shares=$65,000. Sell @ $0.043+ $215,000 profit $150,000.
As for PR's? They can run with whatever you want them to run with. Not saying there are lies. Now on top of that send some hits out to stock promotional sites recommending the stock. Do you understand how it works.
Alex86 exactly what I tried to say the other day. Ride the wave. At this point he has three stocks. IDCN shot up last year. BZTG just did it's thing. ANWM is the one to watch. Again I say sit back and notice. He has done very well over the years. He has stated many times he buys low and then sells. He is a scrounger, bottome feeder. There are other stocks he has done well with.
Jigfish here are a few questions you can send to the company if you don't mind. Lets see if they answer them.
1) How much did they buy the shares (per share) for from the private shareholder? Where did this money come from? Average cost 70 mil @ $.03=$2.1 million. Was this person paid already?
2) They state in the PR, will be held by the company as
treasury stock.
3) Have them explain their diffinition of Treasury Stock.
4) Have them explain further the agreement where China Plus will purchase 70 million shares of common stock (the company recently purchased the 70m shares from another Buzz Technologies, Inc. shareholder) from Buzz Technologies, Inc.
5) Are they the same shares that were bought from the shareholder?
6) It doesn't seem the sale is offical until the PPS hits $0.124 is this true?
7) How come they can buy from a private shareholder but not from all shareholders at the $0.07 buyback announced over a year ago.
8) Several PR's have stated the importance to have A_ _ _ _ _ _ F_ _ _ _ _ _ _ _ _ how come this has not be done?
9) How many shares have they retired?
10) Asian Assets/China Plus why did they strike up a relationship with this company?
11) What is their opinion of how it looks to the shareholders being both companies (BZTG and Chain Plus) are being run by the same officers?
12) What's their opinion as to how it looks selling shares to each other (BZTG China Plus)?
13) What was the reason for increasing the shares by 9 million?
Lets just start with these questions if you don't mine.
Thanks
I guess pointing out that the company has repeatedly SAID it is going to have Auditied Finacials for almost a year and hasn't is someting that you feel should not be know.
O, okay, I understand your thought process. Lets see I've posted 12 times and in 3 post I've mentioned Audited Financials.
3104...which I posted ALL of the PR's stating audited financial.
2815...was a reply to someone.
2745...two sentences referencing financials.
Hmmm, I guess one is not aloud to discuss an important issue as a_ _ _ _ _ _ F _ _ _ _ _ _ _ _!!!
Or is it because of this?...
WEO1998...There is a huge reason why they chose a pink sheet listing and it certainly wasn't for any scheme you may have cooked up in your mind. I will give you one hint just for playing, convenience.
WEO1998...I also recomended that she make public the firm that completed the financials so anyone who might want to verify them would be able to knowing this is not an SEC audit.
Can we talk about the company retiring shares...
WEO1998...Lastly I asked that she retire the block of shares they have purchased so investors could see a real reduction in share count and make public the float. She seemed receptive so we will see what happens. '
WEO1998...More great news. I think there's more shares to retire as well.
WEO1998...CEO told me this week they have shares that they are going to retire plus another 100 million shares plus are in friendly hands. I believe the real float is less than 150 million and soon we will know for sure.
WEO1998...The company has told me that basically 200M of the 210M shares are locked up. That leaves 10M left
WEO1998...From the company,
210 million O/S
100 million restricted (approx)
100 million plus owned by Asian Assets (approx)
How's that for a tight float
Can we talk about the share buyback?
WEO1998...Corporate News Flash
A meeting of all relevant parties to Buzz Technologies Inc and Asian Asset LLC (www.asianasset.net ) will be held this
Saturday In Phuket, Thailand. The purpose of the meeting will be address this week's fall in the share price and finalize the 7c buy back program, prior to the June 12 open call. Sounds to me that this is a done deal.
WEO1998...I really want to promote this buyback on other boards but I also want to buy more tomorrow LOL. Once again, with a price of .07 cents as a floor, how can we go wrong?
WEo1998...I have never been invested in a company that was that concerned about the shareholders or thier share price. How refreshing.
How about talking about China Plus...
WEO1998...More great news. I think there's more shares to retire as well.
Well what should we talk about? You start a subject and we'll all give opinions. Or do we have to agree with you first?
How about talking about a certain poster knowing insider info? Na, never mind.
How many times must we see BZTG say they are going to present Audited Financials. And each time state how important it is to them. Hmmm. I know there waqs earlier ones just don't feel like looking.
BANGKOK, Thailand, July 20, 2006 Buzz Technologies,
Inc. (OTC: BZTG) provides shareholders a financial update for the period ending June 2006.
1. Accounting policies
There are changes in the accounting policies of the Company as it prepares to become fully reporting. These changes are to enhance the transparency and relevancy of financial reporting, and for improving the professional performance of public company auditors in order to ensure that financial statements used for investment decisions are presented fairly and have credibility. Buzz Technologies is now reviewing a number of options in relation to becoming fully reporting; this process given the number of logistical and language issues will
not be fast. But an announcement in relation to the matter should be seen in the next 30 days.
BANGKOK, Thailand, Oct. 20, 2006 The company plans to change its name to Buzz Technologies, Inc. Sutida Suwunnavid, Chairman of the Board of Directors said, "Our top operations priority is to ensure that we are a full reporting company with audited financial statements.
BEIJING and BANGKOK, Thailand (PRWEB) February 1, 2007 -- Buzz Technologies, Inc. announced today highlights of last quarters financial results.
1. Audited Financials
Buzz Technologies Inc has made substantial inroads into the status of becoming fully reporting and the company remains committed to this. The process given the wide geographical scope of operations and other logistical issues is not an easy one. At this stage the company continues down the path of being and audited entity.
Let me take a guess your in at around $.03+, just a guess. You don't have to tell me thats quite alright. Good luck
When it comes to Pinks 99.99% of them are scams. It's catching the runs. 99.98% of them all run. As I said before it's like playing cards, gambleing if that helps you. Bottom line isn't that how you kinda have to play the pinks?
You don't see a Murdock or Trump or a Gates playing pinks do ya? Play and have fun.
Read post 2962 and you'll see which one I think next. But at the prices of IDCN which is at a bottom, I've alresdy go mine. By the way free from the last run. Gotta love free shares.
Slojab post 2978 WOW gotta love that one. As I've said before there are connections all of which are shown in that post. Some which have failed and others which have made stock traders some money.
One just ran, another ran last year, watch which one goes next.
weo1998-They might not be telling you (as you say) insider info but you surely know who was getting insider info. Why don't you explain that scenario to the board? How a certain person knew what was going on before each PR was released.
Wow what happened here today. How funny to see the many different post (comments) as I've seen today. I thought some of you were getting it at the end of yesterday but I see you either didn't totally understand the past or ignored the past (facts).
Again and again I see post about people doing DD, God how I love seeing that posted every time. Some day someone will post what factual DD they have. I sure would like to see it!!!
I saw someone posted asking who is selling!!! Good question isn't it? Hmmm. Some of today was panic some was most certainly NOT. For over a year this stock has and had someone selling into it. Hmmm. Making money.
I've seen some say the company is buying shares. Well if you believe all the PR's over the past 1 1/2 about buying back, you surely would think so. But are they? Hmmm Why buy back and increase the shares by 9 million? Hmmm Does that make sense? What about the 70 million shares they got from the private person. Some keep saying BZTG is turning them in. I don't think so!!! As per the PR they are sitting on them to sell back to China Plus. You know the OTHER secret company. Shhh
Why is it that all the important concerns with this company are open ended? Hmmm
A couple of times I've seen a name posted. But nobody digs deeper. Today I saw IDCN posted!!! Someone is getting warm. LOL Find the connection with the certain name and IDCN and you'll see the puzzle start to come together. Do you see how the price goes up and down? Hmmm.
Here's the deal this is a play stock gentlemen. You have to follow the players. Check the history of the players and you'll see how it works. Trust me you can make money. Buy low sell into the run up. That is a FACT. I've been around for several years and have seen the runs. I didn't believe it at first but now I'm a believer.
There are three stocks that run. This one just ran it will go back down. At a certain point you have to jump in, when that is, is up to you. These stock are like playing cards. You have to know when to hold them and know when to fold them.
IDCN ran with help the gas runup last year that did great, then is slid back. Again someone said IDCN. Your the one that is warm. There is one other stock in the bunch, ANWM. I'm not reccomending that stock not in the least. But get ready very very small float has slowly crept up and is the next one. Please do me a favor don't buy don't trust me just watch.
I don't care what you say I've heard it all before. Dig and you will see the light, try the RB boards for the three stocks read ALL the old post find the players and you will see what I'm talking about.
GLTA
Joenatural I truely believe there will be NO certified audited financials from this company. Yes one of their last post said...
March 16, 2007 (FinancialWire) Buzz Technologies, Inc. (OTC: BZTG) has formed an audit committee to oversee the firm's first audit, among other duties. The committee will include Pol. Lt. Col. Panitan Santipet, Huang Haibo, Steve Jenkins, William R Cheung and one Independent Member from the company's external accountant.
They can post unaudited all they want but that is NOT what any investor wants. One must agree any auditing should be done by a certified outside entity not from within. That's like putting the fox in charge of the hen house. There should be no reason BZTG should NOT want to get this duck in a row. Trust me that would send this company to the next level. Something all of you want to see happen. The next level!!!
I also saw a post about the company canceling the 70 million shares. I don't believe that is their intentions. Take the time and read the PR's discussing the 70 million share scenario. In one breath they said to be held as Treasury Stock. The next says they will be purchased by...China Plus at an agreed price of .124c per share on the first day after Buzz Technologies stock closes above .125c per share. So at this point BZTG has control of them.
One question everybody should be asking is why do the PR"S still show Houston? Hmmm. Remember this is where ATCT was orignally from. I see the stock price is down, in the past posters who post supposed negative post get blamed. I guess I'm to blame!!!
You know what's funny...not one question I asked was answered. Hmmm.
What I did get was...
I just registered.
I'm a basher.
I'm being put ignore.
That's old news.
I've created fear in investors.
I'm arguing.
Cluttering the board.
I'm griping
It's amazing what happens when simple questions are asked. By asking these question some start doing some DD and find some simple ghost in the closet.
Speaking of DD...I've heard, I'm not going to tell. Do your own and the list goes on. I've always thought if a person has DD and it's factual DD it can only be a GOOD thing for the stock. Yet all one gets is, I'm not going to tell.
Let's stick with DD! Does China Plus have a web site? Being they are the largest shareholder who can tell me ANYTHING about China Plus and China Plus subsidiaries? Who has done their DD on this company?
One of my favorite issues with replies I got was "I'm tired of people bringing up old news". Well some same the past is not important and some say it is. To me it is. As posted earlier when dealing with P&D (yes a bad word) one should be concerned with the past especially PR's put out by the company...
Most pump-and-dump stocks have recorded little or no sales. Instead, they've issued voluminous media releases announcing exciting new products and deals to sell those products with distributors around the world.
Lets stay with VOLUMINOUS MEDIA RELEASES! Well has or has not BZTG released a lot of PR's? So wouldn't one expect an investor to question this issue? So isn't the past important? Old PR's? Most only back as far as late 2005. So in a year from now when a person brings up previous PR's (2007) are we going to hear, "I'm tired of people bringing up old news".
Sutida was attaching her name to PR's in 2005. So in my opinion she should be held accountable for those PR's. If they are dead issues now then so state it. Clean up old issues from previous PR's. No? Which would take away questionable issues.
One of the most important issues when dealing with an OTC stock is it becoming legit, a "full reporting company". And a serious CEO surely knows that. So when a CEO puts out a PR which states the following...
BANGKOK, Thailand, Oct. 20 /PRNewswire-First Call The company plans to change its name to Buzz Technologies, Inc. Sutida Suwunnavid, Chairman of the Board of Directors said, "Our top
operations priority is to ensure that we are a full reporting company with audited financial statements. We plan to work closely with the Highmark Group to quickly complete the requirements of trading on the American Stock
Exchange."
One would hope that a CEO would strive for such an important goal. No? Lets leave off the American Stock Exchange issue, we wont even go their. So I ask what has BZTG done in the past 1 1/2 years to reach it's top priority of becoming a full reporting company with audited financials?
How about revenues they've released PR's stating revenues from certain ventures. Well where are the revenues? Good question, no? If a person is so into a company then one would expect the company to follow through with any and all revenues.
What one gets is to many PR's stating estimated gazillion dollars numbers with the knowledge these are only far fetched estimates. A company should stick to PR's and leave out the exuberant numbers.
One needs to always know the very beginning of a company and if one did their DD they would know this company had a questionable background. I'm not saying this company is not doing things, not at all. What you have is a company which has a website which offers different abilities. It's a start-up website. Can anybody tell me the top 5 internet sites in China and or Thailand? You know the BIG ones. Can anybody name them?
My point is this is a flea on an elephants arze. It's being presented through it's PR's as an elephant on a flea arze with how it keeps putting exuberant $ figures it it's PR's. Hey BZTG leave out the BS $ comments in your PR's.
Dig and see who one of the players are. Was he the one who sold the 70 million shares? See how that person knew info before it was released. That's not fair to you or anybody is it? Gee wouldn't you have liked to know insider info when it was at $0.013 and then watched certain PR's released and see it climb to $0.45ish.
This is a penny stock I'm not telling anybody to sell or buy. But one should know the past and NOBODY should have to put up with ANYBODY being slapped around because he posted factual info.
How about the company buying back it's stock?
GLTA
Sandbath your catching on, keep digging. Isn't if funny how investors on this board, the one who on a daily basis promotes this stock can't answer some basic questions? Hmmm.
91M plus over 97% owned by China Plus.
280 million O/S well to be exact 289,471,362 how is 91m = 97%? I must of used the wrong calculator.
Is this the same China Plus which has the same company officers as BZTG. Hmmm.
Another 38M plus owned by the company.
No not the same BZTG which has the same company officers as China Plus. Hmmm.
Plus BUZZ is holding 70M shares they got from a private investor. Lets talk a little about that.
Feb 12, 2007 Buzz Technologies, Inc. (OTC:BZTG.pk) has entered into a private transaction to acquire 70 million shares of common stock from a shareholder. The shares acquired from the shareholder will be held by the company as treasury stock.
They said they are being held as treasury stock. Key words here is "Treasury Stock".
DEFINITION:
This refers to the shares a company has issued and somehow reacquired either through share repurchase programs or donations.
Companies sometimes buy back their shares for a variety of reasons. In most cases, it is a sign management believes the stock is undervalued.
Lets take that scenario...first at what price did they buy them back at? Next why would anybody sell 70 million shares if this is such a great thing? Through share repurchase program? Was that the infamous $0.07 buyback? I doubt it. Hmmm.
Let's go on...
Depending upon its objectives, a company can either retire the shares it purchases, or hold them with the intension of reselling them to raise cash when the stock price rises.
Buying back stocks reduces the number of outstanding shares.
Well it doesn't look like they are going to retire them does it? Just sell them to each other. Hmmm.
And besides buying these shares they dumped more into the open market another 9+ mil. Hmmm.
Now what is the company going to do with these "Treasury Shares"? Here's what they are going to do with them.
Feb 13, 2007 Buzz Technologies, Inc. (PINK SHEETS:BZTG), China Plus and China Plus subsidiaries have entered into an agreement where China Plus will purchase 70 million shares of common stock (the company recently purchased the 70m shares from another Buzz Technologies, Inc. shareholder) from Buzz Technologies, Inc., at an agreed price of .124c per share on the first day after Buzz Technologies stock closes above .125c per share.
China Plus is going to buy them. Hmmm. Well they aren't out to reduce shares are they? So if China Plus has 91 million + 70 million they will then own 161 million. Hmmm. Again both companies run by the same people just different titles. Hmmm.
How about a few questions? Maybe somebody can give a factual reply from the DD they have done? The following are very simple question to answer. If this is such an upcoming company and a new investor should believe furure PR's then anybody who has done SOLID DD should be able to answer the following questions.
Asian Assets is now China Plus, right! So where can one find info about China Plus?
Should one look at the Asian Assets web site for that info?
Is there a web site for China Plus?
What DD can be found about China Plus?
What is the boards opinion of of BZTG selling 70 million shares to China Plus?
What is the boards opinion of both companies being run by the SAME people?
The following are ALL issues which BZTG released PR's.
Anybody have an update on the following? If an investor is to believe, what is the current factual updates on these previously released PR's?
Where is the revenue from thefollowing issues?
Cash Now Corp
Eyeball Networks
.07 per share buyout
Smith Hodgkinson's
Gordon Brother Groups
Asian subsidiary 7123000.com
Khewl Solutions
The merger of both operations is expected to generate revenues that could exceed $6 Million with solid expectation for future growth
InterEdge www
AnyWhereMD
Highmark Group
CYOP Systems International Inc
Financial News USA
POPStar Communications
agreement with USTelesis
Prestige/Knightsbridge Group is pleased to announce the newly formed venture capital company, Asian Asset Corporation
acquired a Geneva based Swiss Company
Design and Distribution of IPTV Set Top Boxes, Satellite Set
Top Boxes and Digital TV Set Top Boxes. The revenues were substantial with a margin above industry standard.
announces the Launch of its VoIP Service
One of the most common Internet frauds involves the classic "pump and dump" scheme. Here's how it works: A company's web site may feature a glowing press release about its financial health or some new product or innovation. Messages in chat rooms and bulletin board postings may urge you to buy the stock quickly or to sell before the price goes down.
GLOWING PR’S….gee let’s see 18 Pr’s in 1 ½ months? Let alone the gazillion since this company was started. And it’s still trading around 2-3 cents. Hmmm.
Independently Verify Claims
It's easy for a company or its promoters to make grandiose claims about new product developments, lucrative contracts, or the company's financial health. But before you invest, make sure you've independently verified those claims.
Can’t do that with this company the ONLY info is from the company, overseas. Lets see Asian Assets has a web site which has not been updated in a year. Then Asian Assets changes it name to China Plus which NO info can be found about this company except what is put out by BZTG. Hmmm.
Research the Opportunity
Most pump-and-dump stocks have recorded little or no sales. Instead, they've issued voluminous media releases announcing exciting new products and deals to sell those products with distributors around the world. Somehow, those great new products never make it to the marketplace, and the distribution deals never result in significant sales.
Wow, VOLUMINOUS media releases. Little or no sales. Hmmm.
Last but not least
Many pump-and-dump stocks have never filed financial reports with the Securities and Exchange Commission. Since no data is available, the quarterly revenue figures, as well as other financial data, are not available. These are not real companies. Rule out all such stocks.
Something that has been said about this company for over a year. Hmmm.
Why is it this company and all the companies it associates it’s self with (Asian Assets which is now China Plus) are run by the SAME people? Pol.Lt.Col. Panitan SANTIPET Chairman CEO of Asian Assets which is now called China Plus and Ms Sutida Suwunnavid is also listed. Hmmm. Then Ms Sutida Suwunnavid Chairwoman and Pres and Col. Panitan SANTIPET Chief Financial Officer of BZTG. Hmmm.
And then they release a PR stating…
China Plus and China Plus subsidiaries have entered into an agreement where China Plus will purchase 70 million shares of common stock (the company recently purchased the 70m shares from another Buzz Technologies, Inc. shareholder) from Buzz Technologies, Inc., at an agreed price of .124c per share on the first day after Buzz Technologies stock closes above .125c per share
So BZTG sells back to China Plus? Is that like Ms Sutida Suwunnavid and Col. Panitan SANTIPET selling to Col. Panitan SANTIPET and Ms Sutida Suwunnavid. Hmmm.
If this stock is so great how come serious investors are not involved?