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Tifoon,
since you keep asking the same question repeatedly and have been answered enough times, I will delete all further questions that I feel are exactly the same as they do not benefit the board. If you have a serious question or problem with the company, you are welcome to post. That is what we are here for - determining the current/future value of BSTI. Asking repeatedly if I can trust Avi just gets old. He said that the first 2 mil are already considered a done deal, I believe. Next.
As for whether I believe that the company is still a good company without Avi, my response is as follows:
I spent a ton of time researching "death spiral financing". Much more time than I originally intended to. As such, I found that most companies eventually choose to close shop after enduring such financing. This concerned me greatly. Since I have also investigated the company very thoroughly, I have come to the conclusion that without Avi, BSTI would have struggled for at least another 6 months before it pulled thru, but I believe it would pull thru. Avi offers the promise of eliminating the death spiral financing and speeding BSTI's recovery. Another company in which I owned stock resorted to death spiral financing. It took a private placement such as what Avi is offering to turn it around. After my research of this kind of financing and knowing what I do about this company, I would have suggested selling at these prices near term, but would have bought heavily around .10. I believe with Avi on board, we will be seeing much better prices in a very short time. I plan on increasing my position fairly substantially around April 3(pay day of the month) as long as the price is at or below a quarter. Does that indicate what value I put on the company near term?
it only gets better.
Tifoon, I believe that I have been pretty patient
with your repetition. You are the first official basher of this board, congrats. Avi has already responded to your question:
tifoon,
I think you are confused once again, and furthermore are taking portions of my posts out of context.
You pasted: ".... We intend on exercising,EVEN IF THEY ARE OUT OF THE MONEY, the first two trenches over the next month...."
I clearly wrote in that very same post that we intend on exercising the first TWO TRENCHES - those that are priced at .18 and .28 respectfully whether they are in the money or not, and I stand by that assertion. Those warrants combined are priced at an average of .23, which are approx 40% above market today and that is tolerable for us, not the 600% you so indicated.
it only gets better.
ok girante, here goes...
I believe it clears up the conspiracy of how otc stocks can be shorted in "death spiral financing". The key to the article is that the debt conversion shorting is technically dealing with covered shorts. Now, Ive been told that Canada has been under pressure to avoid getting involved in this kind of shorting, and as a result, offshore brokers are getting much of the business.
http://www.taylorstock.com/OTCBB2.html
The convertible securities that are such a problem for OTCBB companies are often called "death ride" or "death spiral" convertibles. Normal convertibles give the holder the right to convert the first security (either a stock or a bond) into another type of security (usually common stock) at a given price (i.e., since the price is fixed, the total number of shares underlying the convertible instrument is a known quantity. Death Ride's, however, are not convertible at a given price per share but instead at the number of shares required to meet the face value of the convertible instrument. For instance, if the convertible is preferred stock worth $1000 and the common stock is worth $1, then the convertible is worth 1000 common shares. However, if the common stock subsequently declines to 50 cents, then the preferred is now convertible into 2000 shares. What some buyers of the death rides do is to play them like they do Reg S shares. They deposit the convertible shares into a brokerage account and then short sell a like amount of the common stock. The short selling activity helps drive the common share price lower, which means the convertible is worth a higher amount of common shares. The additional common share equivalent is then sold short, driving the share price even lower. This almost never-ending cycle is why these instruments are called "death spirals". Since the short sellers own the convertibles, this is also considered by many to be covered shorting and not naked. If the issuer of the convertibles is on the Federal Reserve list of marginable securities, then the owner can conduct their shorting with a U.S. brokerage. If the issuer is traded on the OTCBB, then they will often use a Canadian brokerage because, in certain situations, they do allow shorting OTCBB securities.
it only gets better.
Girante, I love when people challange me...
please read the article below, link provided, bold mine
http://www.avendus.com/Onebyzero/issue22/freesummar.htm
Summariser
The ruthless world of death spiral finance
Death spiral finance, capital-rich web content companies, real story of Yahoo's troubles and the myth and the reality of IT revolution in an easy-to-digest format
In Red Herring this issue: The cover story details an alarming trend seen in the technology and technology-related industries. It is called 'death-spiral financing'. Companies that resort to it are usually the kinds that the markets have rejected quite soundly. The cover mentions names like eToys, Microstrategy (an e-consulting firm), and Quokka sports. These names of course are the well-known ones. For every one of these names, there are hundreds of other start-ups that have to accept the deadly embrace of the death spiral.
It usually happens this way. A company like Microstrategy falls on hard times. Since all the obvious sources of funding are closed to it, the company, in desperation, accepts the offer of a low profile, low-key private investor. The investor in return for the money that it provides gets two commitments. One, they get to buy preference stock of the company at a deep discount (30%) to the prevailing market prices of the company's share. Two, in many cases, the private investor gets an explicit permission, from the company, to short (the act of selling a share in anticipation that its value will fall) its stock.
After the deal is made, the private investor goes out and shorts the stock. As it is, the company's stock is doing badly. With more selling, the stock price declines even more. As the price falls, the company has to issue more shares to the investors for the same amount of finance it had taken earlier. When the time comes to square the trade, the investors get their preference stock converted to common stock and then use a part of these shares to settle the trade. They then continue the game. Very soon the stock goes under $5. The analysts stop covering the stock and a little later the stock exchange moves in to delist the company.
it only gets better.
Girante,
contact the sec and nasdaq then. Poor Zil, Id hate to see him in jail, but if you say what they are doing is illegal, go for it. We got into a spitting match over on the other board and I choose not to do it over here. The info is layed out on the table. Please contact the authorities. Knowledge of an illegal act and not reporting it is a serious offense. Id hate to see you share a cell with Zil.
it only gets better.
Im not sure what you see,
if they have a bid for .30 when the ask is sitting at around .17, it may indicate that someone is telegraphing that something is up. That gets more into the conspiracy theory thing, and I really dont know enuf to comment. I know that anyone can put in a bid much higher than the ask and sometimes it will sit there for a little while before someone gets a really good deal at your expense. You cannot see a short on Level II. It simply shows someone wanting to sell. All a short is, is a sale of stock that you dont own. Covering a short is buying stock to pay it back.
it only gets better.
Girante,
you may believe what you want, but let me clear up some things... one used to be able to short otc in Canada. Now you need to go off shore to short. What is happening is that the investment company (with offices in the Caymans) is shorting the stocks they are about to own to get a better price. If you choose not to believe, then that is ok by me.
it only gets better.
Biochemist, in answer to your question,
you can guess what is happening without level II by watching the sales at the bid and the ask. If you see a ton of sales on one side or the other without movement, you can get a rough idea that something is happening - tho often you will be wrong. Level II takes out a lot of the guessing. What Level II shows is who the Market Maker (MM) is and what price they are buying or selling. On Over the counter (OTC) stocks, you dont know how many shares they have, as opposed to Nasdaq where they show you how much (well kinda). When there is only one MM on the bid and orders are going thru at a rate of 100k to 200k shares at the bid without the MM leaving, It means they are buying or covering a short position. When it happens daily, they are accumulating. The opposite is also true on the Ask - someone repeatedly at the ask continually selling tells you that someone is shorting, or selling a large position - maybe an institution elimintating their position or in our case selling a debt conversion mixed with shorting.
To make the above more confusing, If someone wants to accumulate without people really noticing, they will change MM's from time to time. When this happens, you need to watch the trend for several days or weeks to see what is happening.
One last thing about Level II. Under normal trading, you can get a feel for the MM's moves. For example, when someone sits at the ask for a little while, Donc, Wien, or Grvc will tend to join them (this is on BSTI only - every stock has their own MM personality). Grvc will do the same on the bid. It used to be that when 3 MMs got together on one side, the other side would ease up - great for traders to judge when to buy or sell. Now we are looking at Donc sitting at the ask trying to drive the price down and mostly Schb at the bid holding the price up. Eventually one will run out of shares. My guess is that the one on the bid knows how many shares the guy at the ask has and not the other way around (this is a hint at who I believe will win). I hope this helps a little.
it only gets better.
Wmgsmith,
right now it is a good thing. Please dont take my post to tifoon as suggesting that if you dont know what is going on, you must be dumb. I believe he has a good handle on what is going on and is playing dumb for effect.
What is happening is a concerted effort to short the stock. The company who is providing the financing of the past debt can turn around and short the stock and then buy it back (convert the debt) at 25% of the lowest price they can acheive over the previous 10 days. If they can cause the price to go way down, they make money on the shorting, plus they get a ton more shares at a low price (more shares allowed to short - hence the death spiral financing term). When someone is willing to accumulate in huge numbers at the bid, they can keep the price from dropping. This forces the lender to buy at a higher price to cover their short. They cannot benefit by driving down the price. I believe that the shorters are testing the waters so to speak right now. They are seeing if the accumulator has deep pockets. If the buying continues, the price will start to rise slowly at first. Depending on the tenacity of the accumulator, the price can start to fly upward. The lender will soon stop shorting because it will cost him to do so. I dont know how long all this will take, but we are in the middle of it and it could be fun.
it only gets better.
CMDX, mind If I jump in on the chat room thing?
There are benfits to both forums. This board is a great place to exchange ideas and information where the posts are long term and lasting. When there is a question about something that happened 6 months ago, anyone can go back and look. I consider it an encyclopedia of BSTI. Everyone (including those who are short) can benfit the board thru their research efforts and knowledge that they can share. I have learned more about BSTI and for that matter how to trade/invest better from a board such as this. Now we currently are dealing with a few professional shorters who dont care a bit about this company. IMO, they dont add a bit to the boards as seen weve seen on RB.
On the other side of the coin, the chat room provides an opportunity to get to know the other investors. Since you can only talk so much about the Quarterly report that just came or the latest PR, you tend to talk about other areas of interest. It is a fun time (sorry gg that your work was so insensitive to not allow you to participate). I do both when I can, both for different reasons.
it only gets better.
ahhh,
seems tifoon did see the accumulation. Good eye. I guess that explains the high volume and little movement in price. Kinda a battle between the powers that be.
it only gets better.
Good Afternoon Tifoon,
I would have replied to your question earlier, but I was out for a while. Your question asked in a nutshell... would Mr. Mirman still honor his commitment to the first 2 million shares even if the price dropped to 5 cents. Since neither Tim or Avi faxed me the contract (ill have to speak to them about that), my best answer is who knows. From what Avi posted, you know that he will.
Now if this was a serious question, I would have to guess that you shouldnt invest in stocks. Now we both know that you are smarter than your post. Ok, Ill give you the benefit of the doubt and assume that you are just playing devil's advocate. Go out and buy level II quotes. Watch them, learn them. Someone is already starting to accumulate at the bid. But you knew that. Did you check out the volume we have had over the last week compared to the average volume? Where did it come from? No news today so that couldnt be it. Hmmmm.
Unfortuantely Zil doesnt post on this board, he could explain why he chose to copy some old Avi posts. Being a shorter of stocks and intimately involved in bsti, Zil could open your eyes. My guess is that Zil really is buying now, cause he is smarter than most. If I can borrow a line from Zil, shorters better cover, quick.
it only gets better.
Avi,
I think you missed the relationship that GG was hinting at. Has nothing to do with you selling. Considering that BSTI needs the cash and you are willing to provide, I believe that we are all glad that you stepped in.
it only gets better.
tifoon,
we have already read this too, and discussed it. Not sure which part you arent getting. The first 2 million he gets for an average of .23. Considering that someone with this amount of money can play games with the stock price and end up getting it for an average of much less than .20, I look at the first purchases as a good faith purchase. The warrants allow him to eventually own up to 15% without management implementing a poision pill. If he did his homework and believes that the company is worth much more than a buck a share, he will be willing to buy the 5 mil at a buck a share down the road a bit as the business improves. The laddered warrants allow the company to demonstrate that they are increasing in value as the profit from the earlier warrants are properly used. If Tim continues to succeed in his business plan, I believe that Avi will be tickled to be paying an average of .70 a share for the 15% of the company.
it only gets better.
tifoon,
a small point, but the stock is issued at NOT Less than 10%. It is a standard provision. The company could charge 10% or they could charge 100% for these shares. Since they are an INCENTIVE, it would be rediculous to charge anything close to the full value of the stock. I cannot understand why this is a hard one to figure out. Been brought up way too many times. As for the 10 mil in warrants, the cost for the warrants wasnt revealed, but it would be minimal. On the other hand, exercising the warrants should excite you, the second million costs .28 and it goes way up from there. The real issue can be found in GG's post. Look hard and you will have something to complain about - well somewhat.
it only gets better.
While on this subject,
what Id like to see is a daily report breaking out buys, sells, and total volume by MM. That would IMO give a better idea of what is really going on. If we see a single trade for 100k on a high volume day, we all notice it enough for someone to mention it, but it doesnt drive up or down the price. On the other hand, when we have a 300k day and a VIEW or DONC or ERNS sold 100k of it without comming away from the ask, it affects the stock price by a bunch.
it only gets better.
Chachingin,
You dont have to use those posts, but you are limited to the amount of posts you can make for free. If you get a lifetime membership ($50 of which they dont give me a sales comission on - yet), you can post as often as you'd like. Membership also allows you some other cool features such as private replies to others. Either way, your contributions are appreciated.
it only gets better.
GG, about the MM's,
I was looking at that site about a week ago and noticed the same thing (if I remember right it is linked straight from the BSTI site).
The big difference with GVRC is that View, and DONC were only selling while GVRC plays both sides. I saw View 3 times on the bid in probably 4 months and they all occured in the last 2 weeks - all three times he was at the bid, he didnt get more than 10k shares. GVRC presently isnt a threat to the price since he doesnt sit at the ask very often with 100k or more shares at a time. GVRC also buys about as much as he sells giving him twice as much volume as someone sitting on one side only. I find GVRC often sitting at both the buy and the ask at the same time (id guess that he is trading for his own account and making money on the spread).
That said, the last few days Ive noticed a few MM's buying in volume similar to DONC's selling in volume. GVRC was picking up a substantial amount today along with a few others. I found it interesting.
it only gets better.
Good morning everyone,
im doing the chat room thing at wannabe's and it is bringing my computer to a crawl - I gotta get more ram. Good development again this morning. I love all this attention weve been getting lately. Bad part is that DONC is still the guy doing the selling. Most of the trades are at the ask, maybe we will eventually dry up his supply...cmon everyone, buy a few million.
it only gets better.
Welcome Natures and Eve,
Glad you could make it. This board has a lot of cool features that make home a bit better around here. One is the edit message thingy so you can go back and add to your post. Been an eventful week, and its only half over.
it only gets better.
Its 1:41, time for The eye in the sky report,
DONC started out at the ask before the PR, managed to keep prices from getting out of hand - if ya know what I mean. GVRC looks like he got caught short as he has been trying to push things down a bit. Lately Donc is just above the ask but we got 4 MM at the ask working on bringing things lower.
If I may be so bold, Avi, if as Zilcon suggests you are ChaChingggg from a few years back, you would have a better grasp of the situation. Would you know anything about Donc? Seems to be selling a bit lately. Shorting or "death spiral" financing? Any help you could provide would be much appreciated.
it only gets better.
tinfoon,
forgive me, but I dont see what you are driving at. He said he was willing to buy the first two million shares at .18 and .28 respectively - even if they arent in the money. I dont see where he said he would buy at a buck right now. If I read the post correctly, his "guess is that we will be seeing substantially higher prices in the near future to warrant the desire to buy more at the higher prices. Ive got friends that wont buy this stock, but I own it myself, to each his own. Good luck with your investments and if you choose to not buy, stop by in a month or so and see how we did, just for fun.
it only gets better.
news out...
Higgins Industries to Use BioShield's Patented Antimicrobial Technology
RELATED SYMBOLS: (BSTI)
ATLANTA, Mar 20, 2002 /PRNewswire-FirstCall via COMTEX/ -- BioShield
Technologies, Inc. (OTC Bulletin Board: BSTI); (http://www.bioshield.com/ )
announced today that Higgins Industries, Inc. (http://www.bfxtextiles.com ) has
signed a licensing agreement to use BioShield's patented Antimicrobial
technology in their successful BFX line of 100% cotton products as well as those
blended with LYCRA. Additionally Higgins Industries has opened an industrial
chemical division to market, sell and distribute BioShield's antimicrobial
products.
"This agreement opens a new line of products to our clients including
governmental and industrial entities which never before had the technology to
eliminate pathogens microorganisms contaminating the environment, ...it further
enhances our business to have an alliance with BioShield on such great new
technology that goes beyond the world of textiles," said Tom Higgins, President
of Higgins Industries, Inc.
"This product represents another step toward our goal of ensuring antimicrobial
inhibition and control in our projects to supply and enhance the well being and
safety of our armed forces and environment," said Evan Singer, Director of the
Governmental Affairs division of Higgins Industries.
Dr. Marcelo D. Villahoz, Vice President of Sales BioShield, stated, "Our
business development partnership with Higgins Industries is the result of
discussions that began some 13 months ago between our two firms and is a small
demonstration of BioShield's commitment to enhancing shareholder value by
focusing on licensing-out our core technology."
Higgins Industries, Inc. is a manufacturer of primarily knitted apparel products
that include tees, polo shirts, active apparel and sweatshirts. The BioShield
products are consistent with Higgins Industries commitment to environmentally
sound technology. In 1990 they were honored at the United Nations by UNEP and
the Fashion Guild, and received acknowledgement in 1997 from the President's
Council on Sustainable Development for their development of environmentally
sound textile chemicals. Higgins introduced a UV sun protective clothing process
called "BFX". Certified and tested by International UV Testing Laboratories at
Auburn University, this BFX process has received a 50+UPF rating, the highest
International rating level available. It is estimated this year that in the
United States, Melanoma cases will reach 47,700 with deaths of 7,700. It is the
fastest growing of all cancers, and among all accidental deaths it has
experienced the largest percentage of increase from 1986 -1996, 22%. Textiles
treated with the BFX protection block 98%-99% of the sun's harmful UVA & UVB
rays.
BioShield Technologies, Inc., is a Norcross Georgia based emerging growth
company focused in biotechnology and antimicrobial products. Its core business
is committed to the discovery, development, marketing and sale of
surface-modifying antimicrobial and biostatic products. The company's
antimicrobial technology is a revolutionary alternative to conventional
sanitizers, disinfectants, bleaches, biocides or preservatives primarily because
it kills bacteria, including HIV, on contact and can remain active for extended
time periods. To date BioShield has received three US patents and eight EPA
registrations, including the first U.S. germ killer and disinfectant against
Salmonella cholerasuis, Staphylococcus aureus and other microorganisms. The
company has developed several alliances in different industries, such as
healthcare, textiles and storm water.
it only gets better.
Tifoon,
stick around, I got a feeling that the next few weeks will be even more interesting. Im a bit more optimistic than you, but Ive been around a while and am comfortable with the state of events. As for the 5% drop, the filing wasnt put out on the newswire and only those who are familiar with the last Q would know about what was to be paid for those shares - if the two are even related. Ill admit that I had to injest this a bit before I could say with confidence that this was a good thing. Since I wasnt sure who was buying, I didnt know if it was another convertable that was going to be dumped on the open market. After a few hours of putting the pieces together, I still have some questions, but Im not worried a bit. Heck, if you are willing to play the pennies, what better penny than this? The cost is 17 cents? If you calculate the beta, you can be fairly confident that if you hold this long enough you will sooner or later make at least a little money on this. Im not recommending this stock, you gotta do your own DD, but Im feeling pretty good after today.
dont drink and drive fast.
ghd,
I dont know for sure what is going on, but it looks like to me that Mr Mirman bought 15% of the company for $10 mil. I dont expect him to be dumping for 2 reasons:
1. Tim mentioned a poision pill in effect if someone tried to buy more than 10% - this one must be sanctioned by Tim himself. As such, tim isnt going to give this guy 15% and allow him to dump, cause the company would die if he did.
2. If he was going to dump, he could buy the stock for .17 thru a buck. The only reason he paid a buck is to have the right to 15% of the business.
I would imagine that this purchase would not have happened if the value of the stock wasnt going to be well over a buck fairly soon. As an investor, he is going to want substantially more than a buck to throw $10mil at it.
dont drink and drive fast.
tifoon,
in a normal situation, Id agree with you wholeheartedly. BSTI was pretty much dead in the water back in the summer of 2000ish. They resorted to whatever they could to keep in business. If you do some more DD, you may find that the company has been able to get conventional financing and has stopped the "Death Spiral"- equity line of credits - read the last 2 quarterlies. IMO we have made it pretty much thru the dilution and we just got a filing for a private investor planning on investing at a buck a share. Now why would BSTI be filing now when the price is far from a buck??????
dont drink and drive fast.
GG, thanks for doing the numbers,
had to drive wife to work and didnt have time. I found 7 of the 8 million shares you were looking for... from the most recent s8:
The Registrant previously filed a Form S-8 Registration Statement on
December 28, 2001 (SEC File No. 333-76036) so as to register 7,000,000 shares of
its common stock underlying the maximum number of options (7,000,000) which were
then permitted to be issued in accordance with its "broadly based" 2002
Non-Statutory Stock Option Plan ("Plan"). This new Form S-8 Registration
Statement is being filed so as to register an additional 7,000,000 shares of
Registrant's common stock in accordance with Amended Plan, which increased the
number of options available for issuance from 7,000,000 to 14,000,000. In all
other respects the Plan and Prospectus are substantially identical to those
previously filed on December 28, 2001 as Exhibits 4 and 99 to S-8 File No.
333-76036. In accordance with Instruction E to Form S-8 the contents of S-8 No.
333-76036 are herewith incorporated by reference.
This is great news hidden in the rough. Tim said that the CC that we would be cleaning up the last Q but the upcomming one should be pretty clean - looks like the dilution has stopped.... well cept for maybe a $10 mil purchase of shares at a minimum of a buck.
dont drink and drive fast.
form sc 13g filed today with edgar
I think this link should work....
http://www.freeedgar.com/search/ViewFilings.asp?CIK=1059623&Directory=1015769&Year=02&SE...
havent read it yet, so I have no comment. Any accountants out there?
dont drink and drive fast.
Wannabe, thanks
I forgot about that one. I think that has sold thru too tho. That or they are selling slowly. I would think that you would have been for the authorized shares. It allowed you to get a ton of shares very cheap and if in fact they managed to clean up the balance sheet, your upside will be bigger.
If we have eliminated debt and legal claims, we will be set to see a huge rise in share price once the numbers are in. If I could dream a bit, I would love to see the company (not tim, but the company) use 1/3 of any profits they may see to buy back stock.
dont drink and drive fast.
tifoon,
right company.
BSTI's product has been shown to kill anthrax spores as well as ecoli, salminella and the such. As for the insiders selling, let me clarify a bit... The company got into a load of trouble about a year and a half ago. They got into a ton of debt and legal problems. BSTI set up financing deals back then that allowed the debt to be converted to commmon shares. Generally they put restrictions on when the stock can be converted and how it can be sold into the open market. Well the debt financing back then has been converted starting since about October. I believe that all of that conversion has been sold into the open market by now.
My guess is (and that is all that it is right now) that the CEO wanted to be pretty much debt free by the time real revenue started comming in. He talked us all into voting for increasing the authorized shares back in December, and then started wiping out the remaining debt and legal claims thru issuing common shares in exchange. This has brought the stock value from roughly 30 cents (the price before the conference call PR blitz) to what it is now (17 cents). Bad for everyone who bought above 17 cents and wanted a very short term play. Over the long haul, it was imo a great business plan. Suffer for a quarter by paying off your debts - in return for a healthy company the next quarter. If the Q looks like what I expect it to look like, we should actually show a net profit for the first time ever. If Im right, the stock price should be well on it's way towards relisting at the Nasdaq.
dont drink and drive fast.
hey gg,
I was just about to comment on the last few days. I commented a few days ago on that other board that DONC was in play lately. View was at the ask for about 10 minutes today, but Im pretty sure that he is out of bullets or at least on a very tight leash - 20k shares at most. Now DONC has been selling about 100k a day. They have been around since I started watching BSTI and Ive always considered them trading for someone who shorts BSTI. The reason I went from a daytrader to a bit longer term player was DONC. I bought around 40k shares (back when the price was closer to 50 cents) and it didnt phase DONC. I hate to sell at a loss, so I waited. After DONC went thru about 100k today, DIVA took over. Havent seen this one before, but they sold since around 2:00pm and didnt let up. Ill keep everyone posted on DIVA if I see a trend.
If I may make a suggestion to Tim, If you want to burn the shorters of this stock, put out a fluff PR around 1:30 some afternoon and then put out a real PR with numbers and all about an hour later when you see the price starting to dip.
at 2:04 85k went thru at the bid (.17)eom.
V-man,
I was just writing Wannabe to ask if he'd liven things up with a joke or two when my alert went off. Glad I didnt finish, everyone knows that when Wannabe tells a joke, no PR's for the rest of the day. Toaster scrambles sounds like an excellent idea. As for the 16 seconds, fortunes can be made or lost in that amount of time. Cmon, get with it (lol).
As for the post, (Tim, hope you found your way to this new board so you can read my comments too), I think that this was his best PR yet. It doesnt have any numbers and even suggests (to me at least) that we shouldnt have overly optimistic expectations about the near future. Instead, it shows that the guy on top has a product that has great potential, and he has a plan on making that product successful. Now thats all I ask. WTG Tim, and please take what you have so far to your accountant and have him get that Q out on time. It is important.
News, I mean PR... Thank you tim....
BioShield Technologies, Inc.'s Chairman Issues Letter to Shareholders and
RELATED SYMBOLS: (BSTI)
ATLANTA, Mar 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- BioShield
Technologies, Inc.'s (OTC Bulletin Board: BSTI) chairman has issued the
following letter to all shareholders:
Dear BioShield Shareholders and potential investors,
At BioShield, we seek the highest return on all our initiatives. Today, as we
transition BioShield to a new age, we are making great strides towards
profitability. Consistent growth and our relationship with our shareholders and
clients is the next critical measure of success. Our goal is to be one of the
world's leading suppliers and licensors of antimicrobial and new combined
antibiotic products to help promote a safer, healthier lifestyle and
environmentally friendly planet. Meeting these goals is a serious challenge that
we are committed to, and something that we would like to share with you in
greater detail.
BIOSHIELD -- THE ANTIMICROBIAL COMPANY
We enjoy an excellent reputation for delivering new products that far exceed the
effectiveness, durability and environmental friendliness than that of our
existing competitors. The restructuring of BioShield operations and new focus on
becoming a wholesaler and licensor of our antimicrobial/antibacterial products
has taken significant expense, commitment, time, and effort to establish the
foundation that we are now sitting on. We have come a long way during the past
year; however, there is still considerable work to be done and many more
objectives to be met. Our revenues have increased 100% year over year (based
upon 12.31.01), we have eliminated over $5 million in liabilities, we've
successfully achieved our cost cutting measures reaching our first profitable
quarter, excluding extraordinary items, and we have established several new
global, national, and specialty licensee partners and clients representing over
$55 million in committed long-term and short-term purchase agreements
encompassing the next six years. We have five additional long-term, and many
specialty, purchase agreements under negotiation at this time; however, it is
extremely difficult to project quarterly order flow as the long term purchase
commitment contracts require considerable marketing efforts and time to fully
implement their strategies.
BIOSHIELD'S NEW FOUNDATION
One of the major cornerstones of BioShield's long-standing potential and growth
prospects is our line of patented and EPA registered products. BioShield's core
technology was founded upon antimicrobial technology that had been developed by
Dow Corning 20 years ago after $25 million had been invested in research and
development. As Dow Corning was unable to achieve the effectiveness of killing
bacteria, molds, mildew, etc. in a water based, non- toxic fashion, the project
was finally scrapped. Dow moved on to other ventures. Co-founder, Jacques
Elfersy, and I seized the opportunity to modify and re-engineer this technology,
and thus BioShield Technologies was born. We then applied for new patents and
EPA registrations under the BioShield name. The past seven years have been spent
developing and perfecting this antimicrobial technology. Approximately $20
million was raised for R&D, multiple patent applications, testing and EPA
registrations. Our products have reached a point where they have become known by
some of the world's largest chemical companies as the next killer chemical to
hit the marketplace. These companies have recognized that our technology can
revolutionize the industry of antimicrobials and biocides with significant
opportunities to impact other industries such as specialty chemicals, coatings,
polymers, pulp & paper, and biological warfare. The vast experience of
management coupled with the achievements we've made with new existing client
relationships and potential partners that we are currently in negotiation with,
provides us with a very high degree of confidence that BioShield will be able to
capitalize on these opportunities and become a globally recognized company
during the next couple of years.
Part of establishing ourselves as an industry leader and building upon our new
foundation is our ability to focus on our current operating philosophy of
building partner/licensee relationships, cost competitiveness and high quality
and customer responsiveness. As we pursue these new opportunities and enhance
our distribution and licensing business models, we will be embracing information
technologies that will help us get there. When properly implemented, this
information technology infrastructure will allow us to not only confirm our
existing philosophy but also will allow us to rise above the competition in
delivering lower cost solutions with the highest quality products. We also are
striving to provide unparalleled responsiveness in customer dealings and
adaptation to a full range of business dynamics and developments within our
industry. I have directed that BioShield move with speed to employ the Internet
and selected e-business tools to automate our customer and supplier transactions
so as to truly change the way business is conducted between BioShield and our
partners. In today's business climate, BioShield is becoming digitized and
Web-enabled, which also connotes being innovative, progressive, energized,
motivated, enlightened, focused and much more. We are fully committed to
BioShield, our loyal shareholders, and letting the world know about our
technology. We invite you to visit our new website at www.bioshield.com .
OPPORTUNITIES FOR THE FUTURE
BioShield's future outlook is extremely favorable. The world market for
antimicrobials and biocides is projected to reach approximately $6 billion by
2004 with North America and Western Europe as the largest regional markets
accounting for approximately 70% of the demand. Additionally, we recently formed
a new subsidiary, Nova BioGenetics, to capitalize on the FDA applications within
our technology window and research capabilities; and as the public and regional
governments continue to voice their concern over environmental impacts and the
toxicities of existing antimicrobial, biocide and antibiotic compounds, we
intend to listen and provide the solutions to these concerns and problems.
BioShield's technologies can easily become and intends to become the industry's
leader. We strongly believe that BioShield has the organization, management,
customers, abilities, employees, and supplier partnerships to capitalize on
these trends and many other available opportunities, but we will need to work
diligently to aggressively implement such a demanding need for BioShield to
become recognized and reliable. We are very optimistic as we look to fiscal 2003
and beyond, and believe that, having a superior product line and a complete
research pipeline, we are well positioned for sustained long-term growth.
As always, we are most appreciative of our loyal shareholders, the contributions
of our employees and directors, and the support of our customers and suppliers.
It is teamwork among all these constituencies that ultimately benefits the value
of our company and assures the continued success of BioShield.
Sincerely,
Timothy C. Moses
Chairman/CEO
Further information on BioShield and its line of products can be found by
visiting the firm's web site at http://www.bioshield.com or by calling
1-770-925-3653, Tim Moses.
Good Morning everyone - HNWS NEWS!
Healthcare Network Solutions Signs Long Term Consulting Contract With
RELATED SYMBOLS: (HNWS)
ATLANTA, Mar 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- Healthcare Network
Solutions, Inc. (OTC Bulletin Board: HNWS) has been retained in a one-year
consulting contract by HealthHelper for consulting services, strategic planning
and corporate business development.
Sharon Allred, President of Healthcare Network Solutions, Inc. (HNS) stated
"Working with HealthHelper will bring additional value to both our company and
HealthHelper as we assist them with realigning their strategic focus and
business model while creating new avenues for business, revenue and exposure in
the healthcare and medical community. This contract validates that HNS has the
resources and knowledgebase to assist companies serving the healthcare industry
with a comprehensive offering of consulting, research and practice management
solutions. We're very excited about this new relationship and look forward to
working with them."
HealthHelper is a pro-active health advocate offering efficient, current, and
personalized wellness information for the professional and health consumer.
HealthHelper provides innovative concepts in healthcare information and
management for healthcare organizations, independent practices and is an
educational venue made available to the general public. "We have been providing
leading edge, medically sound information since 1996. Choosing HNS to help with
our strategic focus, marketing, and business model based on HNS resources and
expertise was sound business sense for HealthHelper," said Richard Gray, Founder
and CEO of HealthHelper. HealthHelper has been referenced as one of the leading
sources of accurate published information for the healthcare industry and is
utilized by industry as a resource to find specific medical and health related
data. For more information on HealthHelper, please visit their website at
http://www.healthhelper.com.
Tifoon,
BSTI technically didnt go bankrupt, a subsidiary did - Emd. Emd was a medical dot com type idea. BSTI sunk a ton into it and then the dot com craze died. Officially, BSTI was at arms length from Emd, but lost their shirt in their investment. As such, the stock price went from roughly $40 (i think) to as low as 6 cents. BSTI was on the verge of bankruptcy after Emd's collapse, but as a result of cost cutting (including 6 months of nobody taking a paycheck (employment went down to 11 people including Tim)), last resort financing, and a major change of marketing tactics, BSTI held on. BSTI is not debt free as far as I know, however, they have been cleaning up the balance sheet fairly heavily - since October, outstanding shares have doubled - killing our share price in return. In the conference call, we were told that the balance sheet would be cleaned up by the next Q (the one comming up). We will have to see then.
Lawsuits have also for the most part been taken care of. The last lawsuit left was AHT (or something close to that), It went to the judge for summary judgement back in January, but the results were not made known. There were rumors that it was dismissed, but I dont know for sure. As for why your other questions, im not sure what you are asking, so I wont comment.
I feel like a guy with 3 wishes,
cept they are posts instead of wishes. How do I use them. I wonder if I could post and ask for more posts. Works with the wishing for extra wishes... well anyway..
GG you are like a kid in a candystore. Check out this new feature... lol. The last one was kinda cool indeed. I dont have any friends outside this board...sniff, but finding out what other people on other boards say about bsti is always interesting. I think this board is a great improvement to the recent past of Raging Bull for obvious reasons. Ok, all the above was probably the off topic stuff I shouldnt be posting, but being who I am I gotta push the envelope a bit.
Now for reading Tim's mind... I gotta figure that with all the promises he has given and hinted about, Im guessing somewhere in that grey matter, he is trying to figure out how to get back to the Nasdaq as a top priority. As the price tag is $4.00/share, he has his work cut out for himself. If he were to announce huge deals with no Q to back it up, the price would go up, then drop back a bunch. Hard to go up substantially that way. Im thinking he is saving up for closer to the next Q (which is scheduled about a month away including the usual lateness of our watchless leader). This Q, he promised would be awesome (my word - not his). By lumping the really big stuff together right before the Q, he can get a big bang, wait til the stock starts dropping, and then another bang...and so on finishing with an unbelievable (or at least somewhat profitable) Q. It has got to be either that or Tim is just trying to really irritate me for making those criticisms about him being late.
OK, ive squandered two posts, next one will have to be huge. I plan on doing the lifetime membership thing as soon as the wife gets me a credit card (wife rules the house ya know)... Then, watch out... Ill even waste more posts... Ill be a post genie. BTW, Im going out of town again this weekend (leaving soon) so someone else can use my weekend posts if they can guess my password - just follow the TOS - Id hate to go to internet jail.
Oh yea, one more thing... GG if im not in compliance with anything above, please let me know soon, cause i only got 13 minutes left to edit this post. (another really cool feature)
Good Morning Everyone,
Seeing as this is my first of 3 allowed posts today, I better make it really good... Hmmm... I know... Coffee and Pilsbury's toaster scrambles... What a breakfast. If you havent tried it yet, you are missing out.
Well GG, I dont like to post while im not a ticketholder. As such, I didnt post yesterday. I did get some expensive BSTI tickets right before I had to leave yesterday. I knew we would be sitting at .17ish this morning, but ended up buying half my normal position at .18. I know better, I know better, I know better. I knew that as soon as I posted that I sold, Tim would put out a PR just to burn me. Thanks tim.
We wait for expected news and riches. Seeing as I bought back at a premium for my ignorance, Cmon tim, just make good on the promises you made... that alone should put us at over $4.00 for more than 30 days.
My next 2 posts will be better... I will start writing a rough draft now.