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That does not apply to us yet.
if an OTCBB-quoted company is delinquent in filing complete required annual and quarterly reports with the applicable regulator three times in the prior two-year period, quotations of a security on the OTCBB will be prohibited until the company has timely filed in complete form all required reports due in a one-year period.
We have always filed "complete" reports just never on time
post 8838
Calm
They have till end of day Monday. So now they have the weekend to crunch the numbers. Now if we don't see the 10Q Monday then go nuts!
That will be really messed up if they let AKYI get an "E" You would have to ask yourself why did they up-list?
The whole point was to build confidence and attract investment opportunities your sure the f@#$ not going to do it this way.
B
Q10
If that is true we will see the report on time.
"E" Added To Stock Ticker Symbol
When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.
In addition, repeated delinquencies by a company in filing complete periodic reports with the SEC or other applicable regulator, or removal of the company’s security from quotation on the OTCBB because of its failure to file required reports within the prescribed period, can result in the security becoming ineligible for quotation on the OTCBB for a one-year period.
Specifically, if an OTCBB-quoted company is delinquent in filing complete required annual and quarterly reports with the applicable regulator three times in the prior two-year period, quotations of a security on the OTCBB will be prohibited until the company has timely filed in complete form all required reports due in a one-year period. Further, if a security is removed from the OTCBB twice in the prior two-year period, the security is subject to removal from quotation on the OTCBB until the company has timely filed in complete form all required reports due in a one-year period. For more detailed information, please read FINRA Rule 6530.
Stock symbols for OTCBB securities may also have other fifth letters added to them, such as the letter “Q” (indicating that a company is in bankruptcy proceedings). You can view the complete list of fifth letters that may be attached to a company’s stock symbol on the OTCBB website. Stock symbol changes, as well as new issues, name changes, and deleted issues for OTCBB securities, appear on the OTCBB Daily List.
Downward pressure:
This is what i think is moving the stock down. If I'm right now they have what they want, they will want the adverse now. Lets see what the next few weeks bring.
This is only a hypothesis based on trends. These following weeks will bring the facts. good luck to all.....
Working a stock:
Imagine a market in a single stock as a large room, like a gymnasium. Sellers are lined up on one side and buyers are lined up on the other side. The sellers have each stated a price at which they will sell. The buyers have each selected a price at which they will buy.
In the middle of the room there is one man holding book. He is the market maker (NYSE calls him the specialist). His job is to keep the buyers and sellers in the queue with the best offers at the head of the queue.
Now let's say the best seller price "asked" is $10.10 and the best buyer price "bid" is $9.90. Even though some sellers have been waiting, if someone runs into the room and says he will sell at $10.05, he goes to the head of the line.
There might be a lot of buyers lined up at $9.90, first to post at that price gets in first. There may only be a few sellers at $10.10 and others at $10.20 and then many more at $10.25.
Someone runs into the room and says "I want to buy now!" The market maker then gives him the best asking price ($10.05). Someone else runs and says, "I want to buy now!" and the market maker gets him the bets "bid" price.
The other job of the market maker is to keep the stock liquid. If there are no buyers or sellers near the middle, he might become a buyer or seller himself just to keep the market customers active.
Those sellers and buyers who are waiting have posted their prices, they have placed "limit orders." Those buyers and sellers who want it now are making "market orders."
When you look at a bid-ask spread you can see the number of shares at the bid and ask prices, but you have no idea how many shares are wanted or offered at prices just beyond the spread.
If there are a large number of sellers at a particular price, it creates an effective price "ceiling" for that stock. A lot of orders would have to be lifted before the price can move up. The fact is, experienced traders are aware of the reasonable price for particular stock and know where (how much) to place thier market orders. That is why you will often see a lot of orders setting a "floor" or "ceiling" for a stock price.
B
Statistical Trending
Looking back to 2007 this stock has a well identified trend.
Trend being after a 40-60% drop the stock rebounds. It will rebound either equal or 20% gain or equal on the first run then followed by a smaller run equaling a 50-60% gain within the next 3-4 months. This trend has been going on now for 3years now
Reference:
Let’s not forget the PR’s have been 70-80% true so that being said they will start producing iphone cases this year. another good milestone for sure.
Now I agree the stock performance has been bad, I’ll post more on my view there once I get some more time. However in short this stock is being “worked” for sure. Look at the MDAC it's almost funny!
Click lights back on, I’ve regained some more interest.
BTW
Kudos to the guys working the stock. You put at least 10mil -.004 downward pressure on the stock and you forced the PPS down to make the trade!
B
>
Feb 8th 2008
As far as I can see we hit .003 in that date. I cant see anything lower.
But anything is possible
"Click"
That would be nice.
T
News
My guess the next thing we will see is the quarterly report Monday Tuesday Wednesday sometime.
Ok, Done!
Thanks for the positive feed back guys. Looks a little better now
B
AccessKey IP/TeknoCreations Announce TekCase for Blackberry
AccessKey IP, Inc., (OTCBB:AKYI - News) TeknoCreations, a subsidiary of AKYI, today announced the introduction of eight (8) new TekCase products. The new product lines are for use with the ubiquitous Blackberry line of Smartphone's. RIM (Research In Motion), one of the most successful business phone manufacturers in the world
http://finance.yahoo.com/news/AccessKey-IPTeknoCreations-pz-1982268571.html?x=0&.v=1>
AKYI Progress Recap for the Nov16th Quarterly Report
1.AccessKey IP Updates Move to OTCBB
GlobeNewswire (Tue, Aug 25)
They filed final papers to uplist
2.AccessKey IP Moves to OTCBB
GlobeNewswire (Mon, Sep 21)
3.Wed, Sep 23, 2009•AccessKey IP Highlights Set Top Box System
GlobeNewswire (Wed, Sep 23)
STB is complete
4.Tue, Sep 29, 2009•AccessKey STB IPTV Distribution Technology Initiatives
GlobeNewswire (Tue, Sep 29)
The Company has engaged an outside Consultant who has over 15 years experience dealing with the major studios and manufacturers (STB)
5.Wed, Oct 7, 2009•AccessKey IP/TeknoCreations Announces First Product License
GlobeNewswire (Wed, Oct 7)
Gained iPhone lic
6.Thu, Oct 15, 2009•AccessKey IP, Inc. Announces Funding Transaction
GlobeNewswire (Thu, Oct 15)
Gained Investment capital
7.Tue, Oct 20, 2009•AccessKey/TeknoCreations Announce Ramp Up for TekCase for Apple iPhone
GlobeNewswire (Tue, Oct 20)
Start production of iphone case
8.Thu, Oct 22, 2009•AccessKey IP/TeknoCreations Announce TekCase for Blackberry
GlobeNewswire (Thu, Oct 22)
9.Tue, Nov 3, 2009•AccessKey Announces Default Remedy of Outstanding Notes
GlobeNewswire (Tue, Nov 3)
AccessKey/TeknoCreations starts producing iPhone cases
ALBUQUERQUE, N.M., Oct. 20, 2009 (GLOBE NEWSWIRE) -- AccessKey IP, Inc., (OTCBB:AKYI - News), the developer, designer and producer of advanced entertainment and communication devices, announced today that as expected, TeknoCreations has met the stringent testing requirements for its latest product, the TekCase designed for use with the iPhone.
Craig Erickson, VP of Technology, stated, "Tooling can begin, and with final approval, the TekCase can be put into production. The Apple licensing process is a very important milestone in the growth of the company and having one of the largest corporate entities in the world behind you will provide greater opportunities.
http://finance.yahoo.com/news/AccessKeyTeknoCreations-pz-1833123205.html?x=0&.v=1
News:
For sure the one PR that came out a few months ago scared the shit out of me! I forget the exact one but it had a typo and was really poorly composed.
Oh i know the one that came out when they increase the issues share allowance.
B
Recap for the Q Aug-Nov:
1.AccessKey IP Updates Move to OTCBB
GlobeNewswire (Tue, Aug 25)
They filed final papers
2.AccessKey IP Moves to OTCBB
GlobeNewswire (Mon, Sep 21)
3.Wed, Sep 23, 2009•AccessKey IP Highlights Set Top Box System
GlobeNewswire (Wed, Sep 23)
STB is complete
4.Tue, Sep 29, 2009•AccessKey STB IPTV Distribution Technology Initiatives
GlobeNewswire (Tue, Sep 29)
The Company has engaged an outside Consultant who has over 15 years experience dealing with the major studios and manufacturers
5.Wed, Oct 7, 2009•AccessKey IP/TeknoCreations Announces First Product License
GlobeNewswire (Wed, Oct 7)
Gained iPhone lic
6.Thu, Oct 15, 2009•AccessKey IP, Inc. Announces Funding Transaction
GlobeNewswire (Thu, Oct 15)
Gained some cash
7.Tue, Oct 20, 2009•AccessKey/TeknoCreations Announce Ramp Up for TekCase for Apple iPhone
GlobeNewswire (Tue, Oct 20)
Start production of iphone case
8.Thu, Oct 22, 2009•AccessKey IP/TeknoCreations Announce TekCase for Blackberry
GlobeNewswire (Thu, Oct 22)
9.Tue, Nov 3, 2009•AccessKey Announces Default Remedy of Outstanding Notes
GlobeNewswire (Tue, Nov 3)
I wanted to look back and see if we as shareholders could see direction and value. Further more could we expect more from this startup company? Once I compiled this list it’s more then clear you can see a direction. Adding to this you can’t really ask for more (my belief) from a small start up company. If you are I think greed has over come you lol. Accomplishing this list starting from Aug is quite an accomplishment.
I’m comfortable at this point…… anyone else? Feedback?
That was a good laugh!
Nice one.
But the way things are going every time we see great news someone flips a ton of shares. I'm really starting to think more and more that there is nothing wrong going on here however as I've stated before this stock at a 10mil share trading day ave 7.5 8.5/per it only takes 80K to 90k of flipping to control the stock.
more interest/investors need to find this and things need to tighten up. Then the action will come.
Lets face it there is a lot of shares out there and this makes the stock loser then my X
Have a great weekend guys, I'm off to kite some killer surf!
time........time...... and more F'n time
B
Crap shoot
It's looking that way for sure. All indicators and trends would point to an up tick in the following 5-7 days.
But it's always a crap shoot. I'm betting there will be news next week based on their new PR schedule we've been seeing.
Let's bet on Iphone Tekcase update..... I have $20 on this... bets?
T
Good point
Good point
once they got approvel:
Craig Erickson, VP of Technology, stated, "Tooling can begin, and with final approval, the TekCase can be put into production. The Apple licensing process is a very important milestone in the growth of the company and having one of the largest corporate entities in the world behind you will provide greater opportunities.
My understanding of mass production:
1.First a firm comes to you with a product you want produced
2.The mass production firm has a small lab type production room
3.They load the specification and produce you a few units for testing, technical, durability etc.
4.If all is well they will program and load the main production lines to produce units by the thousands per/hour/day
5.Then they will retools and start the next customers request
6.That’s why sometimes when you run out of stock using these company’s you basically get put in Q
It’s really first come first serve type production plants in china. But we should be looking at no more then a month to see units hitting stores. Not long now!
The apple "ok" PR was sent October 20.... so Nov 20th will be one month
I second that
most they would do is get AKYI to OEM them a product.
From the filing:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6788627-16068-19452&type=sect&TabIndex=2&companyid=804379&ppu=%252fdefault.aspx%253fcompanyid%253d804379
791.000 - worth of sales after returns (526,993 full loaded)
But interest killed them $1.660.000 brought them to -$1.200.000 loss
So from what we have heard
Fact’s from PR’s
1. Product returns should be less so lets assume same sales $910 -10% say 800K
2. Interest payment have been reduced for two months
So worst case lets assume they have bad returns and same sales. I’ve included one month of high interest and two months of the new interest (best guess)
Number crunch summary (only operating):
395671
-31175.5
-3000
0
-7842.5
0
0
0
-123403
0
-600000
-369,750
why cant you post tables here @#$%
This puts them -369 - 400K that’s not bad. And this is worst case. But guys this is a real real long shot estimate as I obviously don’t have all/real numbers. This is also not including the 300k loan they just received.
But it should be better Q. The management seem to be heading in the right direction.
Thoughts?
Yea something is wrong
looks like a bad link. Real filing is not up yet. Second time this has happened
Not on line just yet
http://yahoo.brand.edgar-online.com/default.aspx?cik=1460685
looks like they will file today.
Bad filing
there is nothing in it! I'll have to get the full copy
B
yes
here they are
http://finance.yahoo.com/q/is?s=akyi.ob
Some press:
http://www.toppennypicks.com/
"We gave a buy call on this yesterday on our forum at $.005. The stock closed trending down, so if may drop back to a buy again"
This is getting around:
http://iphone.click2creation.com/2009/10/accesskeyteknocreations-announce-ramp-up-for-tekcase-for-apple-iphone/
lol the problem is still not solved with 3GS
http://www.wired.com/gadgetlab/2009/07/iphone3gs-battery-test/
Million dollar question
All I can offer is my view.
Facts
1. Apple battery life was never good in the first Iphone
2. They then released the 3G phone only makig matter worse
3. Now the 4G is killing them (you cant even get a full working day without a charge)
Supporting doc’o
http://www.apple.com/batteries/iphone.html
http://www.9to5mac.com/battery_life_survey
not talking shit:
http://www.latimes.com/business/la-fi-iphone3-2009jul03,0,2546606.story
who wants this shit on their phone?
http://www.brookstone.com/Rechargeable-Backup-Battery-for-iPod-and-iPhonetrade.html?bkeid=compare|mercent|googlebase|search&mr:trackingCode=D838F426-EE8C-DE11-9EF7-0019B9C2BEFD&mr:referralID=NA
Current competition :
http://www.bestbuy.com/site/Mophie+-+Juice+Pack+Rechargeable+Battery+for+Apple%26%23174%3B+iPhone+3G+-+Black/Green/9152347.p?skuId=9152347&ci_src=14110944&ci_sku=9152347&ref=06&loc=01&id=1218037434910
They talk about all their application 7/24 never about Battery life:
http://www.apple.com/iphone/iphone-3gs/
Apple stats:
• Talk time:
Up to 12 hours on 2G
Up to 5 hours on 3G
http://www.apple.com/iphone/specs.html
So as you can see it’s a real problem. So to the point if I’m the seller of apple and I’m desperately trying to beat RIM into the business space (we all know this war is on) I’m going to advise my business customer as such
Customer:
I hear the iPhone doesn’t last the day with out a charge is this true?
Sales guy:
Simple fix these cases now provide an additional 5hous talk time and second as a belt clip case.
To date they can not say this and there is no solution. All this being said I would venture to guess AKYI has about a 60% chance of getting in.
Just my .02
You can only pray
From PR (they will meet)
Craig Erickson, VP of Technology, stated, "Tooling can begin, and with final approval, the TekCase can be put into production. The Apple licensing process is a very important milestone in the growth of the company and having one of the largest corporate entities in the world behind you will provide greater opportunities. Our sales team will be meeting with The Apple Store and other retailers to introduce this exciting technology. We look forward to adding to our relationship with Apple in developing future innovative products and giving us the opportunity to expand our branded product lines to a larger target base and other manufacturers' platforms."
to-date you only see the likes of Harley,Belkin,TomTom etc..
http://store.apple.com/us/browse/home/shop_iphone/iphone_accessories?mco=Nzc1MjQxOQ
One thing I do know is that battery issues for the 3G/4G are real and in the istore there is no one addressing this painful issue for Apple.
But there is no guarantee we will get an invite and I say invite to advertise/sell in the store
If they do "God Bless all share holders" it's party time in the bamboo room!
So cross you fingers and pray but there is no date to expect
I agree
lol it just takes more money..... It's the nature of the beast wake up guys!
You touched on a very important point
“What the hell happened to the market
support we were to get with the uplisting. What happened to the CSI contract for the box and the first order of 150,000 STB as disclosed in the Form 10.”
First item (most important) is to fix their notes that are currently are under delinquent status, No one will touch AKYI with a delinquent status on their notes.
* This is almost fixed
My guess on strategy:
1.Remove delinquent status and move back to a upstanding company status
a.Find any alternative funds where possible to fund STB startup (attract investors)
* Lets face it these are going to cost money to produce, these are not leather cases with a 1800ma battery in them
2.Obtain capital to produce Tekcase (as many as possible)
3.Utilize first profits from TeknoCreations to reinvest and grow production
4.Once production numbers are meeting demand divert capital to STB start up
If they can not find funding through point “a” they will have to resort to organic profit to launch the STB and this will take time. I’m guessing the main goal to launch the STB is to completely remove the delinquent status and attract funding
Its clear to me the STB’s are complete and awaiting production. They need the investors backing to kick off the project. Remember the PR that said they have interesting relationships under way?
The fact that he is working on this may indicate there’s an investor/investors in the wings. This was a surprise too me I actually forgot they would have to fix the notes after the uplist. No investors can (internal policy) invest in company with this status attached.
Float
XTXI
Shares Outstanding5:46.48M
Float:40.64M
BAC
Shares Outstanding5:8.65B
Float:8.61B
SRZ
Shares Outstanding5:50.82M
Float:40.63M
Well their float seems right so the leaves one simple thing. This is pure manipulation, the stock is cheap enough to allow this with minimal cash. So my guess is someone has locked on to this stock flipping away.
However one other thing remains the same, not only is there large sales into the news each time the total number of shares traded goes higher. Sooner or later the flippers will not have the funds required to hold the stock in check. This last news drove the TST to 12.5mil. The highest I’ve seen for a while.
Lets face it 12.5mil is still on average 85k F all
B
Apple Deal
Once they get an apple deal this baby will hit .oo2
lol!
B
Two words for ya!
340 million float!!!!
This could be explained by the 340million float. This thing is never going to move. Missed this point.
can someone confirm a float this size will slow or almost halt and forward movement?
F@#$
Who the hell is selling shares into this news keeping the stock down? Someone is still selling during the good news, every F’n time!
F#@$
This pisses me off to no end!
Reporting
When do they report their next Q?
The reason I ask is that interest has been killing this company
From Sept filing:
We incurred interest expense of $1,660,622 in the six months ended June 30, 2009. This was an increase of 108.7% from interest expense of $795,571 which was incurred in the six months ended June 30, 2008.
Now there is going to be interest for the past two months but this Q's balance sheet liabilities will be reduced plus additnal capital from loan. I'm not saying it will be a great Q but it will be a different one the we are use to seeing.
I did like his lead in comment "the $300,000 funding transaction has begun" read it anyway you like but this reads to me "We are now ramping up to produce tekcases for iPhones and Blackberries"
I think $300k will only result in one batch coming out selling, then stores being out of stock until they get paid then producing the second lot. Much like the other tekcases. They need more cash to produce a steady flow on demand to the costumer
another 500k at least if not 750k
just my .02
I seen one of these for the fist time
http://www.mophie.com/SearchResults.asp?Cat=21
They are a nice unit not to heavy but only a clip on battery.
Cant wait to see AKYI's version.
B