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I can handle the loss but I'm pissed that I fell for this scam..I know there are others that lost much more money than I did..
Do you or anyone else think the guy running things (1 year or so) now is legit?..I don't think anything will ever become of the "new and improved" MBST but I have to wonder why they took it over and why the phone meeting with "investors"? Were they really serious and thought they were going to make a profit??....It all seems strange how this played out...I guess there's nothing happening anymore..no trading..Thanks for your previous reply...I haven't been on this site for awhile
The Karaoke machine IS the only reason why I bought hundreds of thousands of shares MBST...The only stumbling block they said they had was getting the OK from the music companies to be able to legally use their music...The impression I got was it would only take a few months to get everything in order..They had signed a deal
with Apple Industries for "Potential to Distribute Over 1,000 Karaoke Vending Units in First 12 Months".........THAT fizzled out for some reason..I called Apple Industries and asked about buying/renting/leasing a couple of the Karaoke machines...The guy said that deal was in limbo because of "legal problems"....I wish I knew WTF happened to those machines..It sounded like a real moneymaker to me....I think I have $5-6,000 invested in MBST..It's now worth about $62.00 at best....Again, I wish somebody would explain WTF happened to the original business plan..Why did it fail and why hasn't any Karaoke machines hit the market...It was a Great invention..
I don't think trading on the grey sheets proves that MBST is a scam.
A few years back a good friend told me about a stock that was on the grey's. That company was Seadrill. Back then it was listed under SDRLF. I bought a boat load @ $6.00 a share and today it's @
$38.60..It's now listed as (SDRL)It also pays out a very nice dividend.
I am still worried about MBST..I thought they had a good product in the Karaoke machine..All I can do is wait and hope MBST makes a comback..Otherwise I'll loose a few thousand bucks..
There was some buying and selling today...Tomorrow could be some more needed action which should bring the share price up a little...Still far from what is needed..
MBST UP 90% TODAY...SOMETHING MAY BE IN THE WORKS...At least I hope there is "something" going on to help this DUD.
MBST did have an agreement with "Apple Industries" They are the company that distributes all those Photo Booths you see in malls..
Apple Industries To Distribute Mobile Star Karaoke Venders
by Staff Reporter
Mobile Star Corp., Apple Industries, Danny Elbaz, Mobile Star karaoke machine, karaoke, coin-op, Allen Weisberg, vending, vending machine, coin-op, karaoke, photo booth, photobooth
BRONX, NY -- Mobile Star Corp. (Even Yehuda, Israel), which is developing karaoke vending machines, announced a preliminary distribution agreement with Apple Industries, the Bronx, NY-based photobooth company. Mobile Star and Apple ran a pilot test of the machine in New York City during the last holiday season.
Mobile Star chief executive Danny Elbaz reported that the test run was closely monitored by Apple and yielded data showing better-than-expected earnings potential. The test results, Elbaz said, suggest that a Mobile Star karaoke machine could generate more than $30,000 in gross annual revenues.
Mobile Star's freestanding entertainment vender enables patrons to digitally record their voices singing along with hundreds of songs. Its karaoke technology uses proprietary software and professional-grade hardware to publish high-quality CDs of customers' performances.
Apple president Allen Weisberg reported that his company will begin marketing the machine in the second half of this year. Apple expects to distribute more than 1,000 units during the machine's first 12 months of availability.
About the letter "D"
As the question states, a company that has undergone a reverse stock split often gets the letter "D" attached to the end of its ticker symbol. This letter is used to designate a company that is undergoing a stock split of some sort (most often a reverse split), or some form of corporate reorganization. This letter is generally attached to the end of the ticker for approximately 20 trading days before it's removed.
Read more: http://www.investopedia.com/ask/answers/06/reversesplitD.asp#ixzz1qEn8K9dR
Here was the response from ETRADE to my question "why I can't buy or sell shares of MBST(D)
I also contacted George I and asked him about it...His response was "he would look into the matter" No word back from him yet..
From ETRADE
"You are correct about the reverse split. When securities go through these corporate actions, sometime they change symbols or change to the CUSIP number that was in your message. When we get an update on this, we will update your account. All the information that we have now, is that Mobile Star Corp's last trade was on 3/5/2012. It has not traded since that day, 0 volume, which would make getting out of this position difficult as of right now. I hope this answers your questions in full. If you have any further questions please respond to this message or call us at 1-800-387-2331."
Down over 53% today..MBSTD now at .0700
Is there any hope for this stock?
Is there an EMAIL address for George our new CEO guy?
Or any other EMAILS that will allow me to talk with someone at MBST?
QUESTION: I've read on this board that investors that bought their MBST shares prior to the R/S announcement will "Get Screwed" because of the Reverse Split. Why is that and is there anything I can do?
Someone suggested that George might offer up discounted shares to help with any loss..I don't want to buy anymore shares at any price until I see some progress. That sounds like a SCAM to me.
Any advice is welcomed....TIA
So, is the Karaoke booth completely Dead?
I would be happy if this stock hits .05 this year..
Of course $10.00 would make me a happy guy but I doubt
that is ever going to happen.It sure sounds sweet though.
I think the "business plan" is a HOAX just like the MBST "website" is a phony..There is NO MORE MBST..For some reason it Died a Slow Death but their original plan is Kaput..jmho
I gotta Thank all of you people that have so much faith in MBST...I have been very nervous about this stock during the last 18 months or so because there was NO news and none of the questions were being answered...I feel much better after reading how positive most of you seem to be............I think I'll see if I can buy another
500,000 to a Million MORE shares of MBST this week...I'll probably have to get them in smaller quantities though...MBST will be a Barn Burner in the next few months.........THANKS AGAIN
PS: Finally I'm getting some of my questions answered via EMAIL I hope I can talk with Ruth Katz soon by phone or even better would be a call from The CEO Judah Steinberger...I'll UPDATE the board when I get some more information..
MBST is "A Scam" because they are Hiding from their shareholders and will not give ANY information Good or Bad..
I don't think it was a Scam to start with. I don't know what else to call it when they have my money and refuse to tell me what they are doing with it..I Feel like I have been Scammed and I'm Not Happy.
All we are asking them for is "some information" anything, let us know what's happening..
Call Danny back and ask him to have the new CEO call or Email you.
Since they "are friends" and Danny's name will forever be associated with MBST....NOT Good on A Resume.
Pretty soon this "Stock" will be in the "Dark"...Lights off and Nobody Home..I don't know if anyone (CEO's etc.) will make any money off this SCAM but I know a lot of us lost money and it has to go somewhere..
Does anyone know if there is anything "illegal" about this SCAM?
I'll try to do some research to find out if there are any "legal obligations" that MBST has to its shareholders..To be honest I think all of us "investors" got F*#ked by Danny and the rest of the crooks.
Did anyone contact MBST headquarters and get any information regarding the "song rights" or WTF is going on with this stock??
What is the EMAIL address for the new bosses at MBST...
I am completely disappointed with how this company is treating the shareholders.I would sell all my shares if I could.
NO News, NO Updates, NO Communication, NO Production, NO Machine. NO Music, NO Income, NO Profits, NO Movement, NO Money, NO FUN.
I feel as though I have been Scammed by MBST and there is nothing I can do about it. I am Pissed Off at everyone involved..In my Opinion they (ceo's + management) just stole a few thousand Dollars from me. NO Gun or other Weapons were needed....Just their LIES and Deceit.
I can't sell because I am in too deep...I guess I'll check back in a couple of months to see if anything has happened....Very Sad and very Disgusted with these people.
Agent50
Has anyone been able to contact the new guys in charge?
I think Danny didn't want to have to read the Emails asking him when are they going to start selling some "Units"
It looks like this "stock" is DOA (Dead on Arrival)
I've "lost" all hope that MBST will survive plus I've "lost"
a Bunch of Money $$$$ Thanks danny
Try this one...There is No - hyphen
http://themobilestar.com/
Sorry for my last post...I didn't realize it had already been posted..
With some new people on board maybe we will see some action soon.
12-Jul-2011
Unregistered Sale of Equity Securities, Changes in Control or Registrant, Change
Item 3.02 Unregistered Sales of Equity Securities
On July 7, 2011, Danny Elbaz and Eran Gronich and SB Systems, (the "Sellers") sold an aggregate of 29,040,000 shares of Common Stock to Judah Steinberger for a total of $29,513 pursuant to an Agreement for the Purchase of Common Stock (the "Agreement"). The shares represent approximately 24% of the total outstanding securities of the Company. The shares were sold without registration under Section 5 of the Securities Act of 1933 in reliance on the exemption from registration contained in Section 4(2) of the Securities Act.
Item 5.01 Changes in Control of Registrant
Reference is made to disclosure in Item 3.02 above. As a result of the Stock Purchases, control of the Company in the form of a total of 24% of the total issued and outstanding shares of common stock of the Company which total 121,223,864 was changed to Judah Steinberger.
Item 5.02 Departure Of Directors Or Principal Officers; Election Of Directors; Appointment Of Principal Officers.
In connection with the Changes in Control of Registrant, Danny Elbaz resigned, effective July 30, 2011, as CEO and Director and Eran Gronich as Secretary, Internal Accounting Officer and Director of the Company also effective July 30 2011.
The Officer/Directors resigning have stated in their resignation letters that their resignations do not in any way imply or infer that there is any dispute or disagreement relating to the Company's operations, policies or practices.
Each resigning Officer/Director has been provided a copy of his disclosure, no less that the day the Registrant is filing the disclosure with the Commission. Each Director will be given an opportunity to furnish the Registrant a letter or response, which he agrees with the statements made by the Registrant in this Section 5.02, and if not, stating the respects in which he does not agree.
Effective as of July 30, 2011, the following individuals were elected to the Board of Directors of the Company:
Name Age Position
Judah Steinberger 36 CEO, Director
Ruth Katz 22 Secretary, Director, Internal accounting Officer
I think there is a very nice opportunity to BUY Seadrill spinoff North Atlantic Drilling (NATDF)....the harsh environment rigs
I have a limit order in @ $1.65.They don't even give a "Ask/Bid price.I hope I get it..This is a great chance to get into a JF company from the start..
That's the first bit of real Good news in a long time...I feel there is some hope now for MBST..
I would love to share everything I know about MBST..What I know comes from this board. I did contact Apple Industries about how to buy or lease a couple of units but was told there is some "legal" problems...I think I posted that info here...I am hanging in with MBST only because It would make no sense to sell at such a big loss. Hopefully someday soon we will get the Good News we all want and can celebrate our new found Wealth.
Good Luck To All and please pass along any info that you have or find in the future.
Tomas
There is NO way I'll sell either. I'll keep holding until there is nothing left to hold or it hits $10.00 a share.
Nothing good so far this week...But on the bright side it can't get too much worse. It is almost as low as it can go.
I had such high hopes for this stock. It seems to be a great idea. I sure wish I knew what was going on and why the loooong silence from these guys. It makes NO sense to me.
It has me pissed
I contacted Apple Industries last month (April) about Buying or leasing a couple of the Karaoke machines from MBST...I was told that they were NOT available right now, "Legal Problems". No other explanation or when they would be available.
I'm going to keep my shares because it's really not worth it for me to sell at this low price..I also think this is a great Idea but they must get the program moving along and they also must give the investors an update every quarter..I don't think that is asking too much.....
I'm starting to think there was NO sale...There never was an official press release about it and now it isn't even mentioned in the latest report...I still think Apple Industries is the one that could do something since they were going to distribute the karaoke machines...Something is not right,With out News this stock will simply just fade away...We will never get any explanation nor will we get any money.
Isn't Mobile Star really in the hands of Apple Industries?
Has anyone tried to contact them to see if there is a karaoke machine available or if they are even working on distributing one.
Is there any information about MBST funding?
Like everyone else, I just don't understand why NO information has been released for 7-8 months now, I am very worried about my investment. This SUCKS
Here is some thoughts on SDRL spinoff North Atlantic drilling (NATDF).............................. "We shouldn't see an earnings report from NADL until after Q2. That Q2 report should come out at the end of August. Until then I expect the NADL stock price to languish between $1.70-2 because the par value offering of those initial 250 mil NADL shares was $1.70. Bottom is apparently around $1.70. I picked up shares today for $1.75.
If you add the rig revenues for the 5 NADL rigs for Q2 and multiply by 35% profit margin, you will get an EPS (earnings per share) of 7 cents. I don't expect a profit margin for the NADL rigs less than 35%. Those rigs are already operational and command big day rates. A 40% profit margin gives an EPS of 8 cents. A profit margin of 45% gives an EPS of 9 cents. Multiply by a PE ratio of 10 and we have a Sept stock price of $2.50-3 for a 35% profit margin."
Is anyone buying or interested in NATDF on this board?
"The stock price drop for SDRL over the past couple of weeks evidently is tied to several things. Some of the drilling companies like RIG showed poor Q1 earnings. The analyst estimates for Seadrill for Q1 earnings are not looking impressive, 57-74 cents EPS, with an average of 66 cents EPS. If Seadrill shows an EPS for Q1 of less than $.675, will the dividend be trimmed? The stock price has sagged for these reasons plus the NADL spinoff which will see a reduced revenue in Q2 due to the loss of 25% of the NADL rig revenues.
I feel certain that Seadrill will pay a divy for Q1, and probably $.675 per share. A dividend less than this will hurt the stock price. My Q1 EPS estimate for Seadrill of 82 cents comes from Seadrill numbers and past performance, so I'm still looking for a Q1 EPS of 82 cents from Seadrill. I don't know of any extraordinary losses for the quarter other than down time for Phoenix. On May 30 I'm not expecting any bad news from Seadrill's CC or earnings numbers."
i JUST BOUGHT ANOTHER 1,000 SHARES NATDF. This has the look of early SDRL.
Seadrill has been buying back shares lately. Why?
1) Company needs to keep the stock price propped up until May 10 when the $750 mil bond conversion takes place. Those bonds need a certain stock price support level to convert.
2) The company is also interested in keeping its stock price up. This is one way.
3) Dilution of shares is reduced by buying back shares, from 470 mil shares to 469 mil shares outstanding.
4) Buyback shares are used for employee compensation. This is a perfect time to increase company held shares.
Company held shares are not counted in the outstanding shares and pay no dividends.
Why has Seadrill's stock price stalled lately? The reason is obvious, NADL. Spinning off 6 valuable rigs to NADL will cut Seadrill's quarterly revenue by $50-60 mil starting Q2. Company debt is lightened but it will take the company another year to get 6 more new rigs on the water to make up for the loss of he NADL rigs. This year 2 tender rigs will go to work, Menang and newbuilt Jaya. Elara will go to work in Q4. Pegasus will go to work in Q3. And West Leo and Capricorn will go to work early next year. By then the earnings report of Seadrill will show renewed strength. Until then the stock price will be soft due to reduced earnings power. But the divies will continue. Maybe Seadrill can get to a 70 cent quarterly divy by end 2011, with a stock price of $40 or more.
The ENSCO/Pride merger will finalize in Q2. This will mean a windfall of revenue for Seadrill in Q2, but the stock price is driven more by rig revenue than extraordinary gains and losses. Q2 will show improved earnings, but the stock price climb over the next year will be a slow one. I expect NADL stock price to double in a year, while Seadrill's will climb a few dollars. The dividend stream will continue, however, for both companies. I'm now retired on my Seadrill dividends.
What I find strange is that the latest "Press Release" regarding the "First commercial unit Sold" doesn't appear on The Mobile Star website. I sent an Email asking WTF is going on....So far NO Reply.
agent50
Well, ain't THAT good news.....Tomorrow should be a wonderful and glorious day.....
I just found that same News article....You beat me to it..
Now what happens?....I hope more sales and more profits...
SDRL news item
SDRL - Seadrill secures a new contract in Malaysia and orders new tender rig
Hamilton, Bermuda, April 12, 2011- Seadrill has been awarded an 18 month contract by Murphy Sabah Oil Co Ltd for the semi tender rig West Menang to operate on the Kikeh Spar deepwater field in Malaysia. Estimated contract value is approximately US$100 million (including mobilization and modification of approximately US$14 million), and the commencement is scheduled for later this quarter.
Seadrill has also exercised an option to build a new tender barge at the COSCO Nantong Shipyard in China. The new unit, T17, is scheduled for delivery in the first quarter 2013. Total project price is estimated at US$115 million, which includes project management, drilling and handling tools, spares and capitalized interest.
T17 is similar to the two tender rigs Seadrill ordered from COSCO on February 28 this year, with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set.
Alf C Thorkildsen, CEO in Seadrill Management AS, says in a comment, "Based on the market outlook, also reflected in the West Menang contract, we are confident in strengthening our tender rig fleet further and that the new unit T17 will be another valuable investment going forward."
Analyst contact:
Jim Dåtland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19
Media contact:
Esa Ikäheimonen
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19
Norwegian ship owner Seadrill said today it is continuing its rig shopping spree with an order to build a new $600 million ultra deep-water dual derrick drillship at the Samsung yard in South Korea.
The price tag includes project management, drilling and handling tools, spares, capitalised interest and operations preparations, said the rig owner.
Delivery of the unit is scheduled for the third quarter of 2013.
Last week, Seadrill was reported to be on the verge of confirming a separate order to build an additional two new tender assist rigs at Cosco Shipyard in China, following its earlier order for two such units at over $130 million.
The new drillship unit will be similar to the two drillships ordered from Samsung in November, said Seadrill.
The dynamically positioned unit will be capable of operations in water depths up to 12,000 feet, and will have a hook load capability of 1250 tonnes.
This rig will be outfitted with a seven-ram configuration blow out preventer stack, to target operations in areas such as the Gulf of Mexico, Brazil and West Africa.
Seadrill said it has simultaneously secured an extension of the maturity date for a further option agreement to build a seventh drillship to be delivered from Samsung since 2008.
The company said it has no specific plan to exercise this option, but might consider it if “the strong underlying trend currently seen in the deep-water market continues”.
Chief executive Alf Thorkildsen said: "The decision to add another ultra deep-water newbuild to our modern fleet is based on the recent improvement in market outlook for ultra deep-water units, with significantly more tender activities.
“The new drillship has an attractive delivery window, a favorable construction price and payment schedule and an equipment specification list that will meet our customers' future needs.”
Source: UPI
Here is an article I found that the board might enjoy.
All of the Laughing has Stopped......................................................
Seadrill Competitors Decide to Play Catch Up.. --
As we today watch as Fredriksen and Troim busily transform the LNG industry...recall that...
In 2005 John Fredriksen was the laughing stock of the drilling community.
His 1st offshore drilling company venture...the original incarnation of Northern Offshore... had failed and had gone into reorganization.
This scared him so badly...[ not ]... that he then formed Seadrill and ordered several $billion in state of the art deepwater rigs on speculation with no charter contracts in hand....and using mostly borrowed money..
At that time..few rigs were ever contracted for construction without having a long term contract in hand to ease the process of construction financing....since the rigs cost between 5 and 6 Hundred $Million each.
Fredriksen's bet was that... during the 2.5-3 year construction period for his new rigs..the oil price would rise and the rig market would tighten..and day rates would rise...
And...as usual..his friends at the Norwegian banks were willing to bet with him...after all..he pays them back almost every time ...almost.
Legend has it that when Troim flew in to Houston to meet with some of the oil majors and mentioned the day rates they were looking for relating to the new rigs.....several snickered...but Troim did not..
Turns out...JF and Troim knew what the market would bear...and all the laughing stopped when Petrobras signed a trio of long term contracts at rates above $600,000 per day...rates not seen before or since...and contracts that are still in effect today...and soon..all of the new builds were on long term contract...
Troim's negotiating skills and the fact that state of the art deepwater rigs were needed ...and were in short supply put Seadrill in the drivers seat...
So...now come the copy cats...big, famous lumbering companies with many old rusty rigs..rigs with limited capabilities..old technology...the companies paying small dividends..if any..
and..they aren't laughing at Fredriksen anymore...
If you can't beat them..join them...or...at least ...you have to try to..which they will...
See Below:
......................................................................
Noble considers older rig sales as it builds more new units...
* Follows recent announcements of plans for 5 new rigs
* CEO will consider potential for spin-off of older rigs
* Rival Transocean also looking at spinning off older rigs
NEW ORLEANS, March 30 (Reuters) - Noble Corp (NE.N), owner of the second-largest offshore drilling fleet, is looking at potential sales of older, less-capable rigs in order to improve the overall fleet profile, its chief executive said on Wednesday.
Like many in the industry, the company is in the process of adding new rigs to meet greater demands for high-end technology among its clients, especially after the Deepwater Horizon disaster in the Gulf of Mexico last year.
Noble is building three new ultra-deepwater rigs [ID:nL3E7E41DM], and announced earlier this week plans to build two more shallow-water jackup rigs as well. [ID:nN28177428]
"We do think that if we can keep building on the top end, and take some of the low end fleet out the bottom, we can reshape this fleet," CEO David Williams told investors at the Howard Weil Energy Conference in New Orleans.
Williams said it was very early in the process, but he thought there were potential buyers for some older units and that he was also considering the possibility of a spin-off of a tranche of rigs. He expected a decision as early as this year.
Noble will not be alone. Industry leader Transocean Ltd (RIGN.VX)(RIG.N) said on Monday it was also considering a spin-off of an older part of its fleet too.
................................................................................
I've owned Seadrill for over 3 years. What makes this company so Great is the Owner JF..John Fredriksen. I also own some of his other companies FRO, SFL, DSSPF GDOCF GLNG and last month added GOLAF. I also enjoy the dividends JF loves so much.
Nice to find another SDRL board. Thank You
I wish you and the others All the Best with what's left of this stock.
I am going to Hold on to what I have and ride this out until either it dies or a miracle happens.
Amazing that the big shots of this company allowed this to happen.