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will upload the charts again ... charting package only sores em for a few days :(
this is why OBV is so good.
Boards are calming down on mesa.. this might start to move again shortly
Mostly techincal. Im not gonna lie, part of my decision was emotional. most important reason for me though was the hard break of the weekly supports. That was initially a buy trigger. That trigger was broken and sold based on that.
None the less my initial sell was proper as the stock dropped well below my sellpoint due to the spike. Was too slow on the rebuy though for a scalp.
I dont know if this stock will move fast, but as the chart is now it may drop a half a cent.
daily stoch is oversold though. One of the major factors was that iao was ABOVE weekly MA support. That has been broken now. rsi weekly moving down a bit along with obv, directional movement is topping out.
So technically speaking there is still time to get in, but this is a wierd stock :) and news is imminent.
Perhaps I wont max my gains if this runs, but there is enough time to load up (big chance to do so cheaper).
its just in a weekly technical range between the 20 and the 50 sma. any breakout is pressed down.
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521477298363.gif
the party dumping might be barclays
http://www.mffais.com/xoma
some charts
* comments on the charts are old*
Xoma will be of interest as well.. check the daily chart. Might take a week, but a breakout is imminent.
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521466949150.gif
added 10k in the 0.82 0.81 range. max downside is 79 cents.
where the red line comes from
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521467486597.gif
The most interestng bit .. weekly ..
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521467811774.gif
it allready tried a breakout, but got pushed down.
check last day volume
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521468241105.gif
this wasnt a selloff, but a push down. there was heavy accumulation.
RSI on daily in oversold area
adg gonna rize
macd has flatlines.
on the weekly macd is gonna cross above the signal line, rsi is hugging the 50 so that needs to move over (one cent upmove will do that). stochastics indicate a move up. Volume has improved. OBV should have been up but the stock was held down.
further more there is a wedge formation
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521477298363.gif
7 million shares short
Short Interest (Shares Short) 7,927,000
Days To Cover (Short Interest Ratio) 3.9
Short Percent of Float 4.83 %
Short Interest - Prior 8,038,100
Short % Increase / Decrease -1.38 %
There might be some sentiment action related to the FACT buyout.
http://www.thestreet.com/_yahoo/video/10581166/risk-reward-favors-xoma.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#34586613001
Im sure that Ill get my chances when I want to reenter and with some proper scalping the avg price will be low.
at least the freed up money earned some cash on the technical breakout of lvs. damage is minimal.
OFFTOPIC for those interested.
btw added some uure, artx, small bee and a nibble of edap.
* comments on the charts are old*
Xoma will be of interest as well.. check the daily chart. Might take a week, but a breakout is imminent.
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521466949150.gif
added 10k in the 0.82 0.81 range. max downside is 79 cents.
where the red line comes from
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521467486597.gif
The most interestng bit .. weekly ..
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521467811774.gif
it allready tried a breakout, but got pushed down.
check last day volume
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12521468241105.gif
this wasnt a selloff, but a push down. there was heavy accumulation.
RSI on daily in oversold area
adg gonna rize
macd has flatlines.
on the weekly macd is gonna cross above the signal line, rsi is hugging the 50 so that needs to move over (one cent upmove will do that). stochastics indicate a move up. Volume has improved. OBV should have been up but the stock was held down.
7 million shares short
Short Interest (Shares Short) 7,927,000
Days To Cover (Short Interest Ratio) 3.9
Short Percent of Float 4.83 %
Short Interest - Prior 8,038,100
Short % Increase / Decrease -1.38 %
There might be some sentiment action related to the FACT buyout.
http://www.thestreet.com/_yahoo/video/10581166/risk-reward-favors-xoma.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#34586613001
Could be
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This Current Report contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of IA Global. Specifically, we are exposed to various risks related to legal claims, our need for additional financing, our level of indebtedness, our NYSE AMEX listing, our investment in ArqueMax Ventures, declining economic conditions, our Global Hotline business, our controlling shareholder groups, the sale of significant numbers of our shares and a volatile market price for our common stock. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this report. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this report.
There are going concerns related to a load of different issues of IAO. I unloaded my shares today.
10K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 3, 2009
IA Global, Inc.
(Exact name of registrant as specified in its charter)
Delaware
1-15863
13-4037641
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
101 California Street, Suite 2450, San Francisco, CA 94111
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code) (415) 946-8828
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 133-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 2 – Financial Information Item
Item 2.02 Results of Operations and Financial Condition.
IA Global, Inc., a Delaware corporation (the “Company”), announced the following consolidated results for the twelve months ended March 31, 2009, as compared to the twelve months ended March 31, 2008, which are qualified in their entirety by reference to our balance sheet and statement of operations contained in our Annual Report on Form 10-K for the fiscal year ended March 31, 2009 filed with the Securities and Exchange Commission on September 3, 2009:
•
Revenues increased by $18.4 million to $57.1 million from $38.7 million.
•
Gross profit increased by $15.2 million to $43.9 million from $28.7 million.
•
Net loss increased $13.1 million to $20.2 million from $7.1 million.
This increase in the net loss reflects losses from AIG contracts and other telecoms contracts and the following items at Global Hotline, Inc.:
1.
The deferral of revenue of $2,596,000 from a telecom contract over the period April 1, 2009- March 31, 2011.
2.
The write-off of non-recoverable agent commission of $296,000.
3.
The deferral of revenue of $859,000 related to an eco lighting contract.
4.
Termination and credits totaling $2,781,000 related to the cancellation of an unprofitable telecom contract.
5.
Costs totaling $2,085,000 related to reductions in staff.
Our equity investments reflected the following charges:
1.
Impairment of our equity investment in Australia Secured Finance Ltd. (“ASFL”) of $7,195,000. ASFL was unable to close funding facilities to replace the bank line of credit that expires during November, 2009 and we expect this business to be liquidated.
2.
A loss on sale of securities to Taicom Securities Co Ltd of $1,737,000.
3.
A loss on sale of securities to GPlus Media Co Ltd of $1,287,000.
•
Loss per share was $0.10 per share, up from $.04.
•
Cash flow from operating activities was $6.2 million.
•
Shareholder’s equity as of March 31, 2009 was $(6.3) million.
The weak global economic conditions were felt across our business operations. The revenue loss caused by the collapse of our AIG business was felt at Global Hotline Japan. This has been compounded by changes to a second telecom client contract, which has moved from a guaranteed revenue base to a performance base, and the termination of an unprofitable telecom client contract. We continue to renegotiate the debt of Global Hotline. Global Hotline reduced both staffing and facilities costs to better match the changes to its revenue streams during the three months ended March 31, 2009.
- 2 -
Our Philippine operations were impacted by the weak US economy. During the third and fourth quarters, significant clients closed down their business operations, causing an unforeseen loss of revenues and momentum at Global Hotline Philippines. However, we are seeing an increase in inquiries from prospective customers seeking to outsource business functions to offshore BPO providers such as Global Hotline Philippines.
Taicom, in which we hold an equity investment, reported greater than forecast losses for the year due to the slowdown in private investment in Japan. Taicom continues to execute to its acquisition and roll-up strategy of distressed broker/dealer networks and we anticipate that they are well positioned for any future turn around in the Japanese economy.
During FY 2010, we believe the Company will experience an expansion of credit card, catalog and insurance contracts at Global Hotline Japan. We expect to refinance the debt at Global Hotline Japan. Global Hotline Japan capacity and overheads have been reduced and unprofitable contracts have been eliminated. Inter Asset Japan LBO No 1 Fund, an existing shareholder, has provided funding to the Company and we expect this to continue. We are in the process of effecting important changes at our management and board levels.
As a result of the delay in filing our Annual Report on Form 10-K for the year ended March 31, 2009, the Company expects to file its Quarterly Report on Form 10-Q for the three months ended June 30, 2009 by September 30, 2009.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This Current Report contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of IA Global. Specifically, we are exposed to various risks related to legal claims, our need for additional financing, our level of indebtedness, our NYSE AMEX listing, our investment in ArqueMax Ventures, declining economic conditions, our Global Hotline business, our controlling shareholder groups, the sale of significant numbers of our shares and a volatile market price for our common stock. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this report. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this report.
SECTION 8 – Other Events
Item 8.01 Other Events.
As previously disclosed on July 15, 2009 in a press release and in an 8-K, the Company conducted a detailed forensic audit of its subsidiary, Global Hotline, Inc. The detailed forensic audit has been completed and no evidence of fraud was detected or found.
- 3 -
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
IA GLOBAL, INC.
(Registrant)
Dated: September 4, 2009
By:
/s/ Mark Scott
Mark Scott
Chief Financial Officer
- 4 -
One thing related to the dip is overall market movement.
Compare mesa movement against market movement before mesa had all these runs .. and then after.
Mesa has become more and more emotional since more and more different types of traders got in. So it mimics the overall market more and more.
Just keep in mind that what the market thinks often is not in line with the reality is. So use these mood swings to load up on cheap shares. Just dont buy into an entire position in one go. Phase into it. add more and more as the price moves.
been adding back shares since the mid 23s .. so sure on those share i have a paper loss atm, but those add backs were done with money gained at the 28cent range. So actually that buy back is a GAIN of 5 cents that could have been more. Still adding more and more to my hold as the price lowers and by doing so my avg price gets lower and lower.
hmm ok. someone posted earlier that it max date would be the second. SHould have double checked that hehe
tomorrow is the second of sept. Statement is due then right?
Chart here
kinda crappy to see, but we had a close ABOVE both the top resistance line AND the 200sma daily
http://rt0.c.prorealtime.com/ProRealTimeNew/showimage.phtml?id=12517588826226
http://rt0.c.prorealtime.com/ProRealTimeNew/showimage.phtml?id=12517589454496
good volume
rsi over 50
stoch upturning.
Also notice the 20sma supporting the price now. Anyhoo we are VERY VERY VERY VERY close to a technical breakout.
weekly chart also looking good.
http://rt0.c.prorealtime.com/ProRealTimeNew/showimage.phtml?id=12517593347890
RSI moving over 50 (breaking)
stoch has some room left which means that a SP above the resistance moving averages would be possible.
weekly 50 sma is about to break
few million shares went through minutes before end. Tonights the night
hehe so you sold out on consolidation? The moment in price movement when the selling pressure is drying up? Not too smart :) NOW is a good time to load though.
Premarket high 0.35 current volume 1.2 million
Check hourly chart to see the most important factor .. would be a major breakout.
0.0485 will set it free
If you draw a line from the may 11 high to june 8 high then you will see a breakout is close
Stoch seem to be curling for a crossover it seems.
OBV and RSI looking good.
on smaller timeframes you can see support rising towards the price.
Check the daily 200 sma ..
if that goes the technical game is on as posted earlier. Fundamental AND technical aspects to the trade. Me likes.
Last few days nice large 25k+ blocks at the ask
Today is the 28th ... come on badboy show us the money!
BTW added 30k shares yesterday at the 0.222ish area
This stock is amazing for scalps! Free money over and over
This is no proof or even an indication of a buy out.
The massive volume was related to the exact moment the chart had a weekly breakout. Along with market cap rotation and the overall market topping out (which means that lower quality stocks come into favor).
THe bonds exchange agreement is just retiring debt, heck it could even be a bond holder that was unable to sell his bonds and thus converted into shares to get rid of the shares.
and this is my serious opinion
This is kinda new right? Initial ownership form 3 for a DIRECTOR
1. Name and Address of Reporting Person *
Senda Ryuhei
Director X
10% Owner
Officer
Other
Senda Ryuhei
10040 E. HAPPY VALLEY RD #2011
SCOTTSDALE, AZ 85255
http://google.brand.edgar-online.com/displayfilinginfo.aspx?filingid=6769878&tabindex=2&type=html
haha nice find. Im guessing google is based on some form of official data. Perhaps they just associated Taicom Securities with iao or there is some information that they know (using official data) and we dont.
Is there some central location where takover info etc it posted?
its related to VG - VOIP sentiment
expect other players like zhne to make a move as well on symp
Ehhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Volume increasing interesting ..
why do i have the feeling the filing will be AH or tomorrow?
Arotech Announces $1.5 Million in Battery and Charger Orders
AUBURN, AL, Aug 26, 2009 (MARKETWIRE via COMTEX) -- Arotech Corporation /quotes/comstock/15*!artx/quotes/nls/artx (ARTX 1.55, -0.03, -1.90%) , a provider of quality defense and security products for the military, law enforcement and security markets, announced today that its Battery and Power Systems Division has received new orders in excess of $1.5 million for Lithium-Ion primary and rechargeable batteries, chargers and battery components. The order comes from a number of customers around the world and will be used in applications such as communication devices, night vision equipment and the powering of unmanned air vehicle (UAVs).
"Our batteries and rechargeable are continually becoming a preferred choice to militaries around the world and we are delighted to once again provide our customers with our leading edge technologies for the various and growing list of applications," said Robert S. Ehrlich, Chairman and CEO of Arotech Corporation. "We now have one of the highest backlogs in the Company's history and remain confident this will be the Battery and Power Systems best year since inception and we are optimistic for the same with Simulation and Armor," concluded Ehrlich.
About Arotech's Battery and Power Systems Division
Arotech's Battery and Power Systems Division is a leading provider of primary and rechargeable batteries and chargers for defense and other military applications. Arotech develops and produces high power zinc-air batteries and is believed to be the sole supplier of this technology to the US military. In addition, Arotech develops high-end primary and secondary batteries and associated chargers and has vast experience in working with government agencies, the military and large corporations.
The Battery and Power Systems Division consists of Electric Fuel Battery Corporation, Electric Fuel Ltd., and Epsilor Electronic Industries Ltd.
About Arotech Corporation
Arotech Corporation is a leading provider of quality defense and security products for the military, law enforcement and homeland security markets. Arotech provides multimedia interactive simulators/trainers, lightweight armoring and advanced zinc-air and lithium batteries and chargers. Arotech operates through three major business divisions: Armor, Training and Simulation, and Batteries and Power Systems.
yeah there are peeps reading this :)
Got in a few k shares earlier. Looking very nice. Im guessing a longer term play here. Intended end position for me is about 10k shares. But that will take some time hehe.
Gonna read up on the dd posted below.
btw, that financing .. would it show up on the upcoming earnings report? If so then im deducting that from their numbers.
Reason for posting a bearish opinion is that I strongly feel that both positive AND negative stuff needs to be discussed. If negativity is avoided then I dont trust the play. Better to get well balanced ideas, much like all the dd posted here in the recent past.
This thing is looking interesting. Downside potential isnt that high and I dont expect a wipeout (especially not right after someone was willing to add more money).
BTW the party buying the shares .. who is that? What is their involvement. Basically they will have about 33% of the outstanding shares at the end of the year.
Well it's not good, but not bad either.
crappy thing is that the EPS will take a severe beating. But yeah this can lead to some share manipulation to the upside. Have been scalping this play a bit (but kinda hard on low volume - comission costs are relatively high then) so not really worried.
It is good to see that people are still willing to pump money into this. This will prolly turn into a long term play. But no prob.. dont mind shoving this into my long account and smack on a long term limit sell order at a nice high price.
When considering the weekly chart the downmove is rather normal and in about 3 to 4 weeks we might see another breakout spike.
its massive dilution if im not mistaken. 100 million shares or more ?!
Also under the terms of the Stock Purchase Agreement, the investor has committed to purchase, and the Company has agreed to issue and sell to the investor, additional shares of the Company's common stock in accordance with the following schedule:
-- 2,500,000 shares at a purchase price of US$.04 per share, or an aggregate price of US$100,000 on or before September 4, 2009.
-- 1,250,000 shares at a purchase price of US$.04 per share, or an aggregate price of US$50,000 on or before September 18, 2009.
-- 50,000,000 shares at a purchase price of US$.04 per share, or an aggregate price of US$2,000,000 on or before November 10, 2009.
Inter Asset Japan LBO N. 1 Fund's obligation to purchase the foregoing shares by the date specified is conditioned upon the representations and warranties of the Company contained in the Stock Purchase Agreement being accurate as of the date of such closing.
Finally, the investor has the option, but not the obligation, to purchase, on or before December 31, 2009, an additional 50,000,000 shares of common stock at a purchase price of US$.04 per share, or an aggregate price of US$2,000,000.
*************************
So the company lives on, the bigwigs retain their wages and bonusses. Everyone happy but the shareholders.
Aug 24, 2009, 9:00 a.m. EST
IA Global Announces Additional Funding from Inter Asset Japan LBO No 1 Fund and New Employment Agreement with Mark Scott, the Company's Chief Financial Officer
SAN FRANCISCO, Aug 24, 2009 (BUSINESS WIRE) -- IA Global Inc. (NYSE AMEX US:IAO) announced today that it received $200,000 under a Stock Purchase Agreement dated August 17, 2009 with Inter Asset Japan LBO No 1 Fund, an existing shareholder of the Company. Under the terms of the Agreement, the Company agreed to issue and sell to the investor 5,000,000 shares of the Company's common stock for an aggregate purchase price of $200,000, or $0.04 per share.
Also under the terms of the Stock Purchase Agreement, the investor has committed to purchase, and the Company has agreed to issue and sell to the investor, additional shares of the Company's common stock in accordance with the following schedule:
-- 2,500,000 shares at a purchase price of US$.04 per share, or an aggregate price of US$100,000 on or before September 4, 2009.
-- 1,250,000 shares at a purchase price of US$.04 per share, or an aggregate price of US$50,000 on or before September 18, 2009.
-- 50,000,000 shares at a purchase price of US$.04 per share, or an aggregate price of US$2,000,000 on or before November 10, 2009.
Inter Asset Japan LBO N. 1 Fund's obligation to purchase the foregoing shares by the date specified is conditioned upon the representations and warranties of the Company contained in the Stock Purchase Agreement being accurate as of the date of such closing.
Finally, the investor has the option, but not the obligation, to purchase, on or before December 31, 2009, an additional 50,000,000 shares of common stock at a purchase price of US$.04 per share, or an aggregate price of US$2,000,000.
The Stock Purchase Agreement contains certain representations and warranties of the investor and the Company, including customary investment-related representations provided by the investor, as well as acknowledgements by the investor that it has reviewed certain disclosures of the Company (including the periodic reports that the Company has filed with the SEC) and that the Company's issuance of the shares has not been registered with the SEC or qualified under any state securities laws. The Company provided customary representations regarding, among other things, its organization, capital structure, subsidiaries, disclosure reports, absence of certain legal or governmental proceedings, financial statements, tax matters, insurance matters, real property and other assets, and compliance with applicable laws and regulations.
The Stock Purchase Agreement also grants registration rights that it may exercise at its option and provides the Shareholder with a right of first offer if the Company proposes to issue securities in the future (subject to certain customary exceptions).
The Company also announced that on August 24, 2009, the Company entered into a new Amended and Restated Employment Agreement with Mark Scott, the Company's Chief Financial Officer, which replaces his Employment Agreement dated September 5, 2007.
Mr. Scott's new Employment Agreement has a one year term beginning on August 24, 2009, and is renewable on a mutually agreeable basis. The Company will pay Mr. Scott an annual base salary of $96,000, and will provide for participation in the Company's benefit programs available to other senior executives (including group insurance arrangements). Also under the new Employment Agreement, Mr. Scott is eligible for discretionary performance bonuses based upon performance criteria to be determined by the Company's Compensation Committee based on criteria under development. If Mr. Scott's employment is terminated without Cause (as defined in the new Employment Agreement), Mr. Scott will be entitled to a payment equal to one year's annual base salary paid at the Company's discretion in a lump sum or over the next year.
The board of directors awarded Mr. Scott 200,000 shares of Restricted Stock and an option to purchase 300,000 shares of the Company's common stock. The awards were granted at the fair market price of $0.05 per share based on the adjusted closing price on August 20, 2009, the last trading day before the board of director meeting. In accordance with the 2007 Stock Incentive Plan, the Restricted Stock vests on November 23, 2009 and the stock option vests quarterly over three years and expires on August 23, 2019.
Mr. Scott stated "I am pleased to revise my Employment Agreement to be based on a performance and equity basis, which aligns me more closely with the Company's investors and shareholders. I believe the upside potential of the Company will be rewarding to our shareholders and myself."
There are THREE grant requests. The other two are for $1 mln and $0.9 mln so the total is nearly $2mln higher.
anyone with details on the time they will release?