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need a pr along with these ad times!!
right folks,
i reckon its clear there is going to be a big bounce here...this time i am going to be a lot more careful....nobody should be thinking of the big massive gains that could and should have been possible...very disappointing knowing the potential of this stock to see the level of dilution that went on at xmas for little benefit to the company...lets hope some of after xmas dilution was to pay for ads!!...the key here is to be responsible..doubtful this stock will fly past 2 cents but it may....
at the top of the report it shows that on the As of February 16, 2010, 2,168,557,653 shares of our common stock were outstanding....
im not as green as i was once cabbage looking mystic....i now read everything!!thanks to you
mystic,
you are incorrect we do know what the O/s is, as of 16th february it was 2.2 billion
from the 10Q.... the values for each one are in there too
On May 14, 2008, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of May 14, 2010. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.0001 per share (see below).
b) On May 27, 2008, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of May 27, 2010. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.0001 per share (see below).
c) On January 1, 2008, Company entered into a convertible term note for the principal amount of $50,000 bearing interest at 7% per annum with a maturity date of June 30, 2008. This note is convertible into common stock at 90% of the common stock closing price at June 30, 2008, or approximately 370,000 shares of common stock. The Company is in default of payment of principal and interest on the note and the Company is in discussions with the note holder about amending the conversion terms to cure the default.
d) On January 8, 2009, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of January 8, 2011. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.0001 per share (see below).
11
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e) On March 9, 2009, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of March 9, 2011. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.0001 per share (see below).
f) Of the convertible term notes entered into on May 14, 2008, certain notes having a principal amount of $7,932 and $7,932 as of September 30, 2009 and June 30, 2009, respectively, were not amended with respect to their conversion price and, at any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.001 per share (see below).
g) On July 28, 2009, the Company entered into a convertible term note bearing interest at 10% per annum with a maturity date of July 28, 2011. At any time at the option of the note holder, principal and interest payments may be paid in common stock at a conversion price of $0.0001 per share (see below
im not saying that this is still going on now...im saying that was wat was going on at xmas and probably a little since then...as i said 40m instead of 400million...(this is incorrect bad maths should be 400million instead of 4 Billion)!!maybe this is wat we have converted since xmas..your shares you are getting now are probably people who are sick of the stock and just dumping- this will go back up..i just think we need to get rid of adam now- not good for the company!!!
mystic,
is there any way of getting involved in this gravy trail?i also havent been able to find when adam started as CEO- this might be able to tell us for definate if he is personally involved with Interstellar...i dont know if this is legal or not...it seems highly unethical anyway- maybe this was the reason that Intrieri came on board at the end of January to put a stop to this?i take it there is a way of preventing this from happening- i see that they mentioned that in December some of the note holders came looking for shares and ZVTK prevented them from doing this....i take it this means we are in default of these notes and will have to pay them back instead of the share compensation!!..
From the 10Q
During the three months ended December 31, 2009, two note holders submitted conversion notices to the Company seeking to convert outstanding note principal and interest on the notes they hold into Company common stock. As a result of not processing the conversion notices, the Company is in default of their notes and is required under the note terms to repay all principal and accrued interest upon the earlier of receipt of a request for repayment by the note holders or upon the maturity dates.
To repay these notes would only be 4,000,000 shares on the open market at 0.01.... i am prayin that this has happened since the start of jan.....ie i dont care about 4million shares... i would care about 400million shares
yes but ZVTK hasnt been selling the shares these companies have.....Serendipity Management, Interstellar holdings, Oceanic consulting and Green Horseshoe due to this fact.....
Hototc.com has been compensated by a third party Serendipity Management twenty thousand dollars for a one time ZVTK alert. Hototc.com has been previously compensated by a third party Serendipity Management a total of sixty thousand dollars for ZVTK advertising services which has expired. Hototc.com has been previously compensated by a third party Interstellar Holdings LLC a total of thirty five thousand dollars for ZVTK advertising services which has expired. Hototc.com has been previously compensated by a third party Oceanic Consulting a total of seven thousand dollars for a news alert on ZVTK which has expired. Hototc.com has been previously compensated by a third party Green Horse Shoe ten thousand dollars for a one month ZVTK advertising services contract which has expired.
I know about Interstellar holdings but i didnt know about the other ones....ZVTK has sold them our shares at 0.0001 and 0.001..and thus it doesnt matter to ZVTK if the share value is higher....just makes me sick thats all that these F'cking companies are making a killing off our shares..its no wonder interstellar can afford to pay 35000 at 0.01 that was only 3,500,000 shares where they may well have at 35,000,000 to 100,000,000 shares for sale which only cost them between 3500 to 10,000 and they could get between 350,000 to a million dollars for these same shares on open market
his connection to interstellar i cant make out...i was talking about himself personally not the company..as regards the ownership i discovered that interstellar spent 35000 with Hot OTC so that clarified to me that they dumped their shares at a penny or so....is this kind of operation legal? i also see that as part of the agreement with interstellar ZVTK will have to consider performin a R/S if the value of the share price falls below 0.0025 for 2 consecutive days...im beginning to hate this company
i have asked the following questions via email,
Adam,
I have been an investor in your company for the last 4 to 5 months and I have a few questions that need answering along with several other stockholders.
1. The notes that are exchangeable for common stock at value 0.0001, are these restricted common stock shares or part of the float?
2. What happened to the PR that we were promised regarding new ads?
3. Have you any connection to interstellar holdings and if so in what capacity?
Regards,
Mystic,
Can you take a look at my last post,you have been here a while u might be able to answer the first one at least...post number 31328
i have some questions that maybe somebody can answer...
1. when did Ryu accumulate 50m shares? i can account for 10m of them...this was for allowing zvtk to sell his bulbs but the rest of them i can't account for...anybody?here is the link showing those 50m....
http://www.dailyfinance.com/company/zevotek-inc/zvtk/nab/institutional-ownership ...
2. Also, on their 10Q it shows $28,000 in inventory.....this is worth $80000 or so in finished product...as this is "the lower of cost of sales and sales value" according to the 10Q...it appears that this was gone by the first week of january hinted by the PR at the start of January..any opinions
3. Mystic, myself and others were talking about the potential for converting debt into shares...does anybody know where we can find the float? Clearly there has been massive dilution but most of it has been at a par value of $0.0001 which is incredibly sickening if this is going into our float thus diluting the PPS...if it is for restricted shares then this would not be that big a deal..i dont think anyway
actually i believe the note holders are Interstellar holdings inc. it looks like 1.07billion of our precious shares have gone to them in the last 6 months.... this has to be illegal...in fact the owner Tarun Mendiratta has been indighted before for the same thing..im sick and am waiting for the bounce to leave...i wish i had seen this before now...i still think we will bounce in the next couple of weeks...its such a shame so much potential
and its even worse than that...take a look at page 11..i think these note mean...500million and 835million shares are more than likely due in May
but who got these conversion of debt shares? these f;ckers have been lining their pockets by the looks of things...that 1.2billion or so could have been used for so much good for the company..1.2billion could have put the company all over the tv..im sick
ok now i get you...and yes this does look like it could be illegal..i am now doubting this company
based on?
yeah but you were suggesting that they sold shares at 0.0001...something which is clear they haven't done and this has been done to clear debt..not as much as i would like sure but it still has been done and we still owe anthony intieri 2million dollars...you saw this stuff as a positive a few weeks ago and now its a negative.. i know its business but i disagree on their motives...maybe im naive but i dont think so...i will get a flight to the states and punch adam in the face if i am wrong..lol
but if you are correct in what you are think they are doing then you are right they will end up jail why would anybody want to risk that?i think what you are talking to you is just par value....if you see page 6...it says common stock issued for various different activities and this totals 880427..which averages 0.0014...which probably would have been the average share price for the 6 months.430000 was for reducing debt...now they have issued 400 million shares since then..they have been reducing debts...i wonder if we will get 2.8million dollars for the shares next time?
mystic,
to clarify zvtk diluted by 600million in the last quarter and approx 400million since then...1billion total which works out at your average 0.003 1.8million dollars...im not even sure if we would have had an average 0.003 as for the entire quarter except for the last 10 days we probably averaged 0.002.....we might have raised $2.8 million since the start of january
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=zvtk,
doesnt have amount of shares traded but will give u an idea of where mms are at
free level 2 on pinksheets...also not imo, this 10Q has told us a lot of stuff but what it hasnt told us for definate about the sales and their invoice numbers..we still dont know how much sales we had from the 21st december to the end of the month as from the 10Q revenues only include those delivered by the end of the month and with no potential for refunds...we know nothing about the sales as this would only be for 2-3 days when the website was up and running...also note we had bulbs worth 75000-80000 in stock at the end of december and this must have been gone a week later as Adam stated in a pr that he had ordered more for delivery in addition to an order that was landing in california within a couple of days
On a positive spin..as one of the other guys pointed out..
The Company recognizes revenue from product sales based on four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management's judgment regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product was not delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.
So, the 5 grand is only for probably the 21st -24th december...so basically no sales recorded whatsoever...and
The Company has adopted a policy to record inventory at the lower of cost or market determined by the first-in-first-out method. The elements of cost that comprise inventory and cost good sold are FOB shipping point costs, freight and destination charges, customs and importation fees and taxes, customer broker fees (if any) and other related costs. Warehousing costs are charged to cost of goods in the period the costs are incurred. The Company provides inventory allowances based on estimates of obsolete inventories. ...so we have $80,000 worth of bulbs in the warehouse...based on inventory being $25000 and % markup as already given....
I think im onto something with this...maybe this was adams way of tellin us what we sold after this date...we had this inventory and we got a pr on the 3rd of January or that saying that we need more bulbs in addition to what we have arrived in the first week of january...Theres your positive spin mystic...im not negative just careful...lol
i predicted no movement today- i still expect it to level out at around 33 or so by the end of the day...i was right when i guessed last week that this was delayed for a reason but i still expect a pr on new ads...has to be coming
i expect a fresh pr regarding new ads in the next day or so...now that we are done with the 10Q it is about time we started getting value for money here-im not surprised this dropped a bit- maybe we could have reached the bottom this morning though
mystic,
just wondering what made you sell ur shares again..i dont understand u said you went through the 10Q thoroughly and you bought based on that...what changed? hoping to get back in even lower?
mystic,
i dont believe that this includes any sales from the informercials,
one of the lines in the 10-Q states
Sales for the six months ended December 31, 2009 are comprised only of Ionic Bulbs ordered by visitors to our www.newionicbulb.com website and shipped on or before December 31, 2009.....i take it that there would be very few of the bulbs from these dates shipped- possibly from the 28th but i doubt it- some people here have said that it took a few days to get the email saying they had shipped so we are probably looking at very little from infomercial
they were available from the 21st December...Remember fla the PR says it was only shipped stuff...so i take it orders from the 28th were hardly shipped...I reckon the 5000 is from the 21st December to the 26th/27th Dec
only thing is with the selling expense, i take it if you are buying infomercials you will have to pay for them in advance...so this would be from this..they also would have to pay for the warehouse which would also be a selling expense i imagine...these things will have been paid out as sort of a one off i think anyway..I appreciate your input Fla..as of now we are only 2.2 billion O/S.they are keeping the rest of the shares for future work...mystic have u any thoughts?
yes 70% profit margins but remember this has now been reduced to 35% with the 4 bulbs for 20 dollars offer....also if we take the 5000 total sales...@ 30dollars a sale this is only 166 sales..this is surely just investors in Zevotek who bought the bulb..which could be expected as the informercials are not included!!!
well i think there will be no movement in the PPS tomorrow- 2.1billion shares is not the end of the world- by the way what are ADVANCES payable folks we raised 352000 dollars from that...on another note we only had a finished goods inventory of $28000 at the end of the quarter- so i take it this is the amount of bulbs we had available for sale- so if we are looking at 10 days to resupply the warehouse that should be gone by the middle of january at the latest? By the way a bit of realism here folks- these figures are not great but hopefully we will hear shortly about sales figures or retail announcement
little compared with what was been suggested here- 5 grand is just for the sales prior to the release of the infomercials...it it was for 3 days that would still be 608k profit in the year...but its not even...the only thing we have cleared up is the O/S its substantially lower than we thought
Yeah but read this
Our sales were $5,077 for the six months ended December 31, 2009 and $0 for the six months ended 2008. The increase of $5,077 or 100% was due to the start of our sales activities. In December, we began test marketing the Ionic Bulb in the U.S. Our test marketing consisted of airing our two-minute Ionic Bulb infomercial on a variety of U.S. cable television channels at different times of the day and days of the week. The television test marketing, which began on December 28, 2009, is designed to find viewing audiences more inclined to purchase Ionic Bulbs and to educate viewers on the Ionic Bulb's performance and money saving features which can be beneficial to promote planned retail sales of Ionic Bulbs. We also introduced the Ionic Bulb to journalists at magazines, newspapers, electronic journals and blogs to gain publicity and reviews for our product. Sales for the six months ended December 31, 2009 are comprised only of Ionic Bulbs ordered by visitors to our www.newionicbulb.com website and shipped on or before December 31, 2009. Sales for the six months ended December 31, 2009, exclude orders received from customers who viewed our infomercials that started airing December 28, 2009, as a result of those orders still being compiled and transmitted by the call center to our sales order fulfillment center as of December 31, 2009, and therefore not eligible for revenue recognition until January 2010. Direct response sales to consumers will increase in future periods in connection with the increased frequency of airings of our TV infomercial and other Ionic Bulb promotional activities. Our sales plans include establishing a retail sales channel consisting of sales of Ionic Bulbs to U.S. retailers, speciality stores, and catalog and e-commerce merchants. We have started efforts to establish our retail sales channel and expect to begin seeing sales results after we have further developed market awareness for our Ionic Bulb, a needed prerequisite for successful relationships with retailers.
man what are we going to do if adam was BSing you
based on what exactly?we are totally dependent on the 10Q being released on time otherwise we will see low 2s tomorrow
anybody else nervous i know i am only an hour more
now we wait-hour and a half to see if this company is serious or not-my money hopes they are!!
looks like we are going to close solid...now we wait- watch for MM jump either way possibly before close- may hint at something
wow indepth interesting analysis ongoing on this board all day today
go away u turd-if they file on time today will u kindly leave us alone-before they put in an extension to file u were flat out chanting 1.25 by the end of the year- so retarded as this was never going to happen unless there was a R/S...and now ur telling us that its going to 0.001s....this is good- somebody with so little credibility as you talking about the PPS going down means that it will probably hit a penny by the end of the week