active
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We made the bet in April and the target was May 15th. So you have 5 more days to go. I will PM you with my address.
Hey joenatural, the may 15th deadline is fast approaching. You do remember our $25 bet, right?
Pennylenny, you don't know what you are talking about. If it was part of the shell that was bought, why did I get a prospectus from Bethke with an offer to purchase shares in his new company (Everybodys Phone Company)? No I did not invest in that crooks new venture.
You sound more and more like bigtex on raging bull. Always looking for a negative angle to everything and discounting anything positive.
deal.
I will be you. What do you want to bet?
Lets make a deal: if certificates get delivered and the share count gets reduced to at least 280 Million, you will leave this board for good. If the certificates are not delivered and the share count does not get reduced to at least 280Mil, I will leave this board. The deadline is by the end of this month. Deal?
"not to mention no shred of evidence backing up bogus claims by company of huge profits"
Where is your evidence that the claims are bogus? You are looking for evidence to substantiate their claims but in the same breath you say the claims are bogus without any evidence.
Joenatural,
Ken Ash/Stock Charter Group is a stock promoter. He was involved when Buzz took over ATCT. That relationship terminated (some time in 2006 I think). While I am not sure of the reason, I suspect it was because Ken Ash pulled Buzz into these other scam companies and Buzz realized what they were dealing with.
Buzz owns the Stock Charter group domain and can have that domain be directed wherever they want. I think they should redirect it to a porn site personally and it would be more representative of what Ash represents. By redirecting the domain to their own site, it prevents Ash from promoting his services, at least with that domain name.
I believe in this company for a few reasons. 1) I believe in Sutida and her character. She has not been afraid to show her face in various forums (which scam artists rarely do) and generally speaking women are less likely to be scammers than men. 2) They have some real and tangible products, some marginal, some very good. 3) there is a steady stream of new products. Time will tell if I am right or wrong.
vtopa,
You need to use the web based messenger. You also need a friend to use it because you can't do much unless you are communicating with some. It adds a multi-media dimension to IM that is very entertaining.
You should also look at the ring tones site. The number of ringtones they have availabe is extensive and interesting. Also have lots of games that can be downloaded to cell phone.
The VPC product is a phase 1 product with potential. Right know it acts as a basic file transfer client and the transfers are not encrypted so you can't really use it for sensitive files.
They got lots of other toolbar products but I have not used them much yet.
CEO talks to many people, not just Weo. Many shareholders can vouch for that.
654321,
If the share count is reduced to 280M or below and verified by the transfer agent, what will your opinion be then? How many pinksheet companies do you know that allow the TA to disclose the Outstanding Shares count?
I agree. Much Nicer. One suggestion I would make is that they make the search bar a little more prominent (wider, higher). They are providing search services as an important feature and I think it should stand out a little more on the page. Don't want to make it so small that people think it is just a search for their site....JMHO
Crazy frog is cool stuff...did you know you can play and share YouTube videos on there also? Conference feature is nifty too..
sandbath & slojab,
Have you guys signed up for the Web based Instant Messenger? I would suggest you both sign up and IM between yourselves, or other people that you may know that can also signed up. But you need to try some of the multi-media features. I think you will find it to be very user friendly and very interesting technology. I am not much of an IM guy and never really used it before because I felt it was boring and one dimensional. But the Web based Buzz IM changes that and opens up many more possibilities. Make sure you try the conferencing feature also.
Sean (CEO) had told a number of us that the Mobile 3G product is even better than the IM product. If so, I am very much interested in downloading it when it is available. If it is better than the IM, then on the basis of these two products alone, there is real reason to be very optomistic about Buzz's future.
I have downloaded the Virtual PC product (Stage 1) and do not have a strong opinion on it yet. The Stage 1 product is a customized simple File Transfer Protocol (FTP) client and they are a dime a dozen. I will reserve judgement on this product until I see the Stage 2 product. I will say that the Stage 1 product is easy to use, but it is deficient in a number of areas (i.e no encryption, some bugs,etc). VPC concept is ineteresting, but need to wait and see how the product evolves.
Some of the points you guys raised about past PRs are valid.
But like retirementsoon posted, business dynamics can change rapidly which results in the obsolecence of PRs to some degree. The important thing to monitor is that there is follow through with the committment the company made to retire shares and bring the share count back down. As long as the share count stays at 280M or less, then it does not really matter who is selling and who is buying because the net result is no dillution for over a year.
Things seem to be moving so fast with Buzz, and they are involved in so many different areas that sometimes I think they suffer from the Corporate version of Attention Deficit Disorder(ADD). They have built many new websites and remodeled existing websites, all on the fly and often with incomplete areas and broken links. Hopefully as the company matures they will instill a more vigorous methodolgy in their development efforts where things are promoted to production only afetr they are tested in development.
Lets assume that all they did get is the 3 Million. Then what kind of sense does it make to have a strict NDA in place and keep the settlement terms under wraps? The 3 million has already been disclosed in the initial PR so what would there be to hide? There is more here than meets the eye and I am going to hold until this plays out.
Make sure you try the Web based version. It is better then the PC based version that you download. Web based version can be launched from the wwww.12buzz.com website. You will need someone to chat with so you may want to get someone else you know to register.
Olympus. have you tried the Instant Messenger? If not, give it a try. I think you will like what you see...
Weo, I am still in with a couple of mil shares below .02 avg cost. I did sell some yesterday, but holding the rest. I considered selling some more because of something that made me a little nervous, but will see what happens.
Hey Mushroomman, you been smoking those funny mushrooms to make a statement like the stock can reach $3.00 again. When this stock was in the 3 dollar range there were a couple of million shares issued and now you have 20 million.
Also, one of earlier posts indicated that Matin had 6.5 million shares. If this is true, then it re-confirms that Matin is a crook that should be behind bars. Since the reverse split (about 1.5-2 years ago?) this clown has issued himself 6.5 million shares and effectively paid himself $6.5 million over the period assuming an average price of $1/share. Does anyone see anything wrong with this picture? This stock should be trading at .0002 cents per share, not 20 cents per share!!!!
Whatever else? How about SG@A such as his salary, office administration staff salary, marketing expenses, and any other overhead expenses like company cars, telephone, office space, etc. Matin either does not know the meaning of Gross Profit (that is what a phantom MBA from Asheville gets you), or he does and is using the term "Profit" in a generic way to mislead people. He is a piece of work either way...
That big buyer yesterday and today was me. I got 400K over the last two days to average down. I like what I am seeing with their technology. Not just words and PRs, but some action to back up the words. My biggest concern is Steve Bethke and because of him and his track record I am a bit leary.
While the lady running Buzz now looks to be on the level, I would be very carefull with anything that comes from the mouth of Steve Bethke. If anything, the fact that Bethke is associated with this company is a big negative. So when you see quotes from him in a PR, run for the hills...
I don't tend to believe in consiracy theories unless I am given cause. A few years ago, back in 2003 Veltex was on the verge of going underbecause of the trucking business, but Matin was putting out PRs telling everyone how great things were going. I have seen too much from this guy to believe a word that comes from him.
Something smells here! Ask your self a few simple questions: Why would veltex put out a PR to drive the stock price up if they are in the market to buy back shares? They don't have to report anything being a pinksheets company. Why after great news in a PR does the stock price only gain a few cents with volume of 5% of the outstanding shares? My bet is that Matin has not been buying any shares back and is in reality printing and selling more shares. That is why he issued the PR and price hardly moved on the news, because he has been selling into the artificially generated demand. Don't put it past this guy. After all, he got his masters degree from Asheville University in London England.
topflitejd, I can't answer private mail as I am not a full member. My advice to you is to trade this stock, buy low and sell when Matin puts out his BS PRs. If you buy and try and hold long term, you will get crushed. If you buy on any news from Matin, again you will get crushed. You sell on the news and buy back when it drifts back down ( which it always does because matin always creates F.U.D. that drives the stock down). I have seen it happen many times now over the last 3 years and took advantage of it myself a few times.
Give Matin some time, I am sure he has some more tricks up his sleeve. Clearly the SEC does not give a damn about low level white color crooks like this guy. In the abscence of consequences, there is no question Matin will put out another PR suggesting intentions to do an audit and go to an exchange with full SEC reporting requirements. He has gotten alot of mileage out of it in the past and he certainly will do it again one, two, maybe three years down the road.
One only needs to think about the types of PRs that drive stock price to discover what Matin's next ploy will be. He has used the "Audit & Fully reporting" scneario a number of times already. He has used the "Merger and Acquisition" scenario a number of times also. He has now used the "Dividend" scenario to try and manipulate the stock price.
But there are lots of other tricks left out there. One good one would be a "sale of the Company" scenerio where Veltex issues a PR that some party is in talks to acquire veltex for $3.00/share. Matin is bound to trap a few suckers that way. Then when the closing date approaches, he can simply say that the deal broke down.
I don't thing Matin is "Shady"! I think the term "Con-Artist" is a better fit. The term "Shady" implies that there may or may not be some level of dishonest activity.
Matin is so transparent. Issues yet another fluff press release so that he can dump more shares on the market. Gags the transfer agent so the public has difficulty getting information on the outstanding share count...hey Matin, isn't it about time to issue another release proclaiming that you are going to do an audit, become fully reporting, and trade on a real exchange?. You are long overdue in playing the audit card again....you have successfully played that card 3 or 4 times in the past five years and I am sure you can attract a fresh set of suckers playing that card again!!!
You are kidding, right? If that were the case, why issue meaningless press releases and continue to pay thousands to pumping outfits? You may recall when he had the trucking business he issued releases saying how much money the company was going to make and all along painting a rosy picture, but in reality the company was near bankrupcy as evidenced by the 2003 audit. The other day the volume was over 350K shares after his latest pump PR that contained very little substance. Who do you think was selling? My guess is Matin has the printing press running...
You think it is by accident that they comminicate this way? . I have been following this outfit for a long time and there is one thing that was alsways consistant....they always raised more questions than answers with their PRs, and my guess is it is by design. They disseminate misinformation, uncertainty, and doubt which leads to stock volitility...a day traders heaven.
Easy...he prints himself shares. There are what, 200 Million authorized shares? Having that many shares authorized with a guy like Matin at the helm is like having the fox guard the chicken koop.
Shares are coming from Matin's printing press of course. I guess is that the outstanding shares are well over 10 million by now.
Obviously you guys did not notice that Explorer Headgear claims to have a plant in China and one in......Bangladesh. So if you get rid of the foreign assets, you got nothing left.
Par for the course with Veltex...always a guessing game that breeds volatility in stock price which makes it a good trading stock.
With Matin you always have to take what is said in press releases with a LARGE grain of salt. In the past he has made statements in press releases where he said he would not dillute shareholders and then in short notice he did exactly the opposite and dilluted the stock. His word is not worth the toilet paper it is written on in my opinion.
Remember the 2003 audit where 20 million in sales became 15 million in sales? Matin's projections mean nothing to the market since he has no credibility. Anyone who lies about their education is capable of lying about anything, including sales figures.
This is a good stock to trade because of all the hype and BS PRs. It is NOT a good stock to hold long term as you would most likely wind up a bag holder. The CEO of this company has little credibility with the marketplace as is reflected by the current share price relative to earnings that are claimed.
If you want to trade on fluctuations of the stock, then this is the place to be. If you are a long term investor, then run for the hills.
Raw keeps this board balanced and you pumpers at bay. In addition he provides useful information (like the share count)
so I think he should stay. He is here to trade and he admits that freely, unlike scam artists like you who are only interested in drumming up some bag holders.
Raw,
That link was found before a number of years ago. Look at the site and follow the location. It is in Harrogate and many many miles from London England. It is also not a true college but pre-prep and junior school....
KIROM,
What kind of "Great and Good" man lies about his college education? Give me a break! People in the real world in public service get FIRED over lying about their education. Matin runs a public company and he too should be fired for such a blatant
violation of public trust. I will trade this SCAM (yes, a real company can still be a SCAM, just read about Enron, Worldcom, etc) until I lose my investment or at least break even.
Where is the 2004 KIROM? How much you want to bet that the same auditor does not do the 2004 audit. As Raw says, this is a cestpool of insiders and Scammers. And you are one of them given how easily you discount honesty, integrity, and credibility.
KIROM,
Since you seem to know so much about Matin, then explain one thing for me: He claims to have an MBA from Ashville University (or College?) in London England. No-one has ever been able to find this so called institution of higher learning. This claim was posted on his previous corporate website and he no longer posts this claim. If you can explain this, then It would be a step in the right direction to restore his credibility.