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Slo,
You are a smart guy, you should be able to figure it out from the original PR. Hint: Original PR said ADRs would trade on NASDAQ.
Click on the "Eng" menu item to get truehits link in English.
Iconrepo,
I know the history of buzz better than most. You see, prior to buzz I was in the predecessor company called Affordable Telco (ATTG/ATTP). The predessesor company was run by a guy that just loved to print stock certificates and put out garbage PRs to pump the price while he sold shares. Buzz came into existance only a few years ago when they purchased ATTP and purged the previous management. So most of that history you speak of does not apply. Buzz only came into existance in late 2005 and none of the people involved in ATTP/ATTG are involved.
Over the last two years the shares outstanding have only increased by a very small fraction (289m to 300m) due to aquisitions. In addition, the Transfer Agent has been allowed to disclose the share count. Suggesting that 12buzz has a history that goes back to the dot com bubble is plain and simple a case of misinformation. Please get your facts straight.
Graf,
Nice to hear a voice of reason on this board.
LocalTrader, it is not an excuse. I don't have to make excuses to the likes of you. It is my personal observation and was not provided by the company.
Page Views has dropped over the last week because European Cup Soccer has ended and their scoring site is no longer getting hits. You can see that the jump and decline in page views closely matches when European cup started and finished.
United States investors are free to buy and sell the new issue on the US market as ADRs. People in the U.S. will see the benefit of the IPO in terms of the appreciation of the current stock to the pricing level established in Asia. In essence, you can participate in the IPO by buying the stock that is currently trading on the pink sheets.
Sandshark,
The PR did indicate that 12buzz was in negotiations to select a lead broker. New securities are to be issued on a new exchange, so one can argue that the term IPO is appropriate.
Assuming there is a major shareholder that is a principle in the company, I am sure there are deals that can be structured to guarantee the number of shares available at a fixed price.
Slo,
I thought the PRs were pretty clear where the shares are coming from and that no new shares would be issued. From the PR, Brokers will buy shares on market in the US and return those shares to market in Hong Kong as part of the IPO as a new issue. Upon IPO, audited finacials must be presented, in which case the value of the stock would be considerably higher than what it is selling for on the US market, and in theory the brokers would stand to make a considerable gain.
penny, what planet do you live on? The traffic volume to there sites tells a different story. So the search engine they have was not something that was promised and delivered?
Hey slo,
In case you have not noticed, Buzz BidMe was canned in favor of 12property.com. And in case you have not looked at 12property.com lately, they just may have over $800m in property value on that site.
There are things that work, and things that don't work. The key is to dump the things that don't work early and move on to the next idea, or in this case a better platform.
So sandshark, you must think that the alexa numbers and the truehit numbers are a lie. To you the significantly increased traffic over the last month means nothing.
Maybe you should take a look at the market cap for Sina, which is about 3 billion, comapare that to a market cap of 9 million for buzz, then compare the alexa numbers for each (sina has about 6 times the traffic volume of buzz). So sina has 6 times the traffic, but 300+ times the market cap?
....oh, you say but that does not mean buzz is making money? Without an audit, we can't know for sure. But consider this: in the last year, buzz has issued no new shares, and in the last two years they have issued approx 18 million. Therefore one can conclude that they have no need to raise capital through the sale of equity.
So if they are not raising capital through share sales, where is the money coming from to operate the business???? Maybe, just maybe, they are making some from operations?
Thanks penny. In previous posts you questioned if shares had consolidated into strong hands. I for one can vouch that they have as I am one of few that has been accumulating over the past year and have a significant position. And I plan on holding on for the long haul.
It is now 2008, and finally the law seems to be catching up with this white collar crook. I understand there is a lawsuit against Matin. For the party involved in bringing this suit, please ask Matin to explain where he got his MBA from (claims Asheville University out of London England) and then watch him squirm.
Lying piece of garbage....he will get his when he shares a cell with bubba...
Anyone else notice the Email address in this post (fubarman)?
"fubar" is a well known acronym in colleges across the country. It stands for: "F***** Up Beyond All Recognition". This guy expects people to believe his version with a Email address like that?
Penny,
Yes, there were posts about 160m by people who read it on the web, but you have been on this board a long time and you new the real number and in your last post you pretended like you did not.
I don't have a problem with you personally as I don't know you. But I do have issues with your posts.
Penny, I will not move on because I have my money where my mouth is. I am comfortable with my investment and will ride this out for the long term as I belive in the people behind this company.
Pennylenny,
You know darn well the share count only increased from 280M to 300M in the last two years. You also know that it was your friend Bethke who did most of the dillution. Yes, that 160+m number was on various financial boards, but many times it was mentioned on here what the real share count was as it was readiliy obtained from the transfer agent. So stop the B.S.
I don't know what happened between you and buzz management, but you really should let it go and move on.
Slo, you had a post earlier that your average cost was .02 so why did you not get out when price moved over .02 a few weeks ago? Just curious...
naaah, but we may want to wash out your mouth with soap :)
Slojab,
Posting a bio is not important to me and that is totally up to Sean if he wants to or not. You have a right to post here like anyone else, and a right to be heard.
Slojab,
I have been in BZTG from the beginning and was in Affordable for a few years prior to that. So as far as DD goes, I know the entire history here and i did not need to talk to associated CEOs. I know two things: 1) Share count has been been increasing and same number of shares are outstanding today as were outstanding last year. Dillution is the kiss of death for a penny stock investor (not trader, but investor). 2) Company has ben making significant progress in developing their brand and their online properties. If you don't see that, then you are allowing your personal conflict Sean to cloud your vision.
The company, in the early stages has made statements that have not come true. But they have also made statements that have come true. In my opinion the company and leadership are making an honest effort to build a business and shareholder value, and there are bright creative people working hard behind the scenes.
You may not agree with the way Sean is running this company, but at the end of the day it is about results. Right now I am a buyer in this stock and will continue to buy at this level. I am pleased with the progress the company has made just in the past year alone.
LocalTrader,
BZTG is not a scam. They are working hard to build something despite the claims of a number of posters here. Go through these links and decide for yourself:
www.iphone.12buzz.com
www.celebs.12buzz.com
www.download.12buzz.com
www.news.12buzz.com
www.ads.12buzz.com
www.drtom.12buzz.com
www.games.12buzz.com
www.mobi.12buzz.com
www.store.12buzz.com
http://www.property.12buzz.com/
http://www.12buzz.com/mobiles/us/index.php
http://www.12buzz.com/email/
http://www.12buzz.com/voip/
http://www.12buzz.com/fx/
http://www.12buzz.com/buzzsat/
http://www.buzz-casino.com/
http://www.12buzz.com/musicandmoviedownloads.php
http://12buzz.myorderbox.com/
www.urls.12buzz.com
http://corporates.12buzz.com/buzzinfo.html
www.buzz-casino.com
www.buzz-poker.com
Yes she is an employee, and a very creative and attractive one at that...
The extent of Buzz's web properties is not well known. Take a look at this page and look at the company info section:
http://www.dubaiwebcity.com/outlook.html
Yes slojab, I have my reasons, beyond the sharecount, which I don't care to share. We can just agree to disagree and leave things at that...
Yes, I lost one bet and won one. So on the bets I am even. Slojab, the most important thing to me is the share count and everything else is white noise. From my perspective, the outstanding shares has remained roughly the same since I purchased my shares (increased less than 1%, or 20m shares). Time will tell the true story, but that time is not now.
Speakig for myself, I am still here. I just don't post very often. That is also the case for some of the people you listed who like myself are in this for the long haul. Don't you think you are a little premature in your assessment of gloom and doom?
Slojab, check out the Buzz search engine. Coming around nicely.
http://www.12buzz.com/
Touched a nerve, uh pennylenny...I have no reason to hide from you or anyone else. I have one and only one alias on this board, and in fact, any other board.
Lets see penny,
A) 12buzz said they were working on a social networking site in PRs, and today, after a few iterations, they have one which is actually quite feature rich and functional.
http://www.buzzme.12buzz.com/
B) they said in PRs they were developing a VOIP product, and today they have a nice feature rich softphone and provide voip services.
http://www.12buzz.com/voip/
C} they said in PRs they were working on a Mail service, and today they got one that is quite nice.
http://12buzz.com/email/
D) They said in PRs they build online casinos, and did...
http://www.buzz-casino.com/
E) they said they were working on a video sharing site, and they have a work in progress: http://www.buzztv.12buzz.com/
And there are many more to add to the list. The point is that there has been follow through on a number of fronts, despite your claim. If you compare what they have today vs a year ago, they have come a long way.
Yes, there are many things that we don't hear about any more. I am ok with that because when something is not working, you kill it early and go on to the next idea; you don't keep pumping money into it. Don't take this to mean that just because we did not hear any followup on something it is dead. It may or may not be.
As for the 7 cent buyout, I have no idea what happened there so I am not even going to venture a guess.
I am done posting here for a while penny. I got other things to do rather than engaging in pissing matches with you.
slojab,
I think long term what I said is true. in the Short term however, message boards can cause short term fluctuactions in a stock. I agree with you that a balanced discussion is desireable and I have no problem with a negative point of view. I am in this for the long term (as well as a number of others I know), and therefore I rarely post on this board. I am not here to influence anyone either way.
I do have a problem with pennylenny because I believe he has a personal vendetta against 12buzz management for deeds done by previous management.
"How do you know they're on the right track" - that is my opinion and I should have said so. In that regard I stand corrected. I have been in the IT field for over 20 years so I know a little about the subject.
mrsmith, pennylenny has a whole 16 shares. He got nothing to sell! He was reverse split to oblivion by Bethke.
On a different subject, Buzz Satellite TV product is very interesting and has alot of potential. Still a work in progress, but they are on the right track.
Slojab,
I understand your concerns and the points you make, and I am sure quite a bit in the iBox no longer applies. I have made my investment decision based on some very simplistic points that I am not going to share. Ultimately what I say, or you say, or anyone else says on this board will not make much of a difference in the success or failure of BZTG long term. At the end of the day it will be their ability to generate revenues and profits (or position themselves as strategically desireable) that will determine their fate.
2 years started about this time last year. So I have one left.
I was in the predecessor company ATCT and got wiped out by our reverse splitting friend Mr Bethke, but this is a new company with new management. I don't post here much whether the price goes up or down. I really don't care if people buy or sell, it is their choice.
My time horizon is out 2 years. If there is not significant appreciation in two years, then i will admit failure.I am a buyer at this level. I am not a day trader looking to flip. I am not concerned about the price right now and look at it as an opportunity.
I have no problem with you or some of the other posters who express a negative view. A balanced view and discussion is a good thing. When the price goes down and peoples investment is under water they have a right to be upset and critical.
I do have a problem with guys like pennylenny who have a clear agenda. He discounts any positive and tries to turn it into a negative. His agenda is to discredit this company at every opportunity.
The buzzme site is a positive; They have 300+ members with zero marketing effort; The technology is feature rich with multi-media capabilities; The Buzz-Biz Ads on the site are high quality professional ads from a growing list of companies
The fact that the TA is ransparent is a huge positive. How many penny stocks do you know where the TA is transparent?
Yes, there are negatives, many of them self inflicted due to no follow-through on many PRs. But there has been follow through on some. They had anounced that they were going to build a social networking site and that is exactly what buzzme is.
Keep spewing your garbage pennylenny. We will se who has the last laugh. It may take some time, but we will see in the end.
I posted another message after that one. I forgot you can't PM if you are not a member.
I sent you an Email...
Joenatural,
Like I explained before, I am not a full member and can't send a PM. If you are a full member, send me a PM with an alertnate contact Email address and I will send you my address.
OK, the second bet is on. I think the cancled shares will be delivered on or before June 15th.
Penny,
What makes you believe that Everybodys phone company is a subsidiary? Just because Bethke made reference to it in a press release when it was ATCT under his control? If you believe anything Bethke puts out you should have your head examined. Everybodys Phone Company has no association with BZTG and neither does Bethke any longer. I believe in the people behind this company and there are many others that beleive in them too, especially since they terminated their association with Stock Charter Group and Bethke. Time will tell.
OK, another $25 bucks that it is done on or before June 15th. However, my understanding is that the Share count will wind up back at 280 Million (approx). So the bet needs to be that share count goes from 289 back to 280 and change.
Oops, I am not a full member and I can't PM. I can receive PMs, so send me a PM (if you are a full member) with an alternate Email and I will send you my address.