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Hi Ergo -
As a trader - I would be more inclined to lean toward the following scenario.
Since the announcement of the cancellation of common shares - the stock dropped from a strong run up into the low .50's.
The day of the announcement - it opened around .17 or lower (can't exactly remember. But the gap down was pretty substantial and trapped plenty.
That left a lot of new buyers really trapped - anyone that bought at .25 30. 40. even .50 or above into the last speculation run are quite underwater indeed.
Many have bailed since then and taken their losses - hence the stock price languished down and down into the .08's.
Then you and your folks actually filed the motion for an EC. That anticipation and actual filing prompted some buying on speculation.
If the EC was granted - that would be a good first step. So my guess is that some of the holders-on may have "averaged down" a little bit with the thinking that there would probably be a bit of a run "IF" the EC was indeed granted.
That is where you got a low volume run up from .08 to .12 - on the speculation of it all.
When the hearing date was pushed into August - that pretty much put the kibosh on the momo - as that is too far out to keep the hype on and momentum going.
Couple that with a few recent announcements and(press) that did not mention the filing and actually one that even re-iterated the cancelling of shares - and the accumulation came to a halt.
From an investment / trading perspective - it is fairly cut and dry now.
A few days before the hearing on the EC - the stock will bump up a bit on speculation - the gambling will begin again.
IF the EC decision is delayed again - the stock price will stall and then begin to drift downward again.
IF the EC is granted - I would bet on a nice few days of strong white candles. Maybe into the .30's even. Some of the new investors will be looking for the exit this time - as to not get the rug pulled out from under them again (in case).
The run will last a few days - as then the reality will sink it - that even with an EC - it will be a long and bumpy road before anything really substantial will occur. Maybe even years.
Then the stock price will level off and volume will dwindle - with all the long term investors waiting for the next step and the next.
If the EC is declined - well....IMO - the bottom wont fall out - but it will consistently drift downward - until the next Hail Mary is attempted.
All of this is just my opinion, based on my experience and the facts and information as I know them. I own some shares - but I am not a long really and have no big emotion or investment with the stock.
There is a good story here - no doubt. I wish all the true longs well - I hope the EC is granted and the shares are never cancelled. That would be plenty fun. It would also be very rare IMO.
Again - just throwing out my .07 cents...
Best
Thanks for the update -
Hey Dav - what forward events are expected that will keep the share price from drifting backwards now that the volume is gone? Just curious as to what the longs are expecting in the near future.
Cheers
Yesterdays Candle was telling - a lot of indecision -
This mornings action seems to signal that a reversal may have begun - looking very good for the next leg up. Should be some traders eyes on this one. GL
From American Bulls -
A Long Legged Doji was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
Bullish Long Legged Doji Pattern. This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
The last two candlesticks formed a Bullish (Doji) Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
There are 2 possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:
The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
In the second case, the market opens at a level, equal to or below the previous day’s close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous day’s close is the second confirmation criterion.
I agree - think she needs to consolidate a bit around here and gain some steam to take another run at breaking 5.00 and staying there.
It is indeed a runaway train - I loaded the boat on this stock at
1.72 back in March of last year- after I had a conversation with a cabbie on the strip on one of my twice a year trade shows at the Sands Convention Center:)I am pretty sure I was 6 rum and cokes down the road at the time - but the guy stuck in my head!
He was a hoot to listen to and was saying - if he had some extra money - he would buy the stock. We always stay at the Venetian in Feb and Aug - as the trade show is in the convention center.
When I looked at the chart back then - I thought - what the heck - at 1.70 - if it came back even a little - it would be a nice return. Sitting with a 15 bagger - for the first time in my trading life - is very cool.
Anyway - it has been a bit of a game changer for us this last year - as I am sure it has been for many...
You don't often win at the Casinos (it is set up like that) so it is great to be working with the house on this gamble!
Looking to ride a bit further.....GLTY!
Got a Defibulator....?
Nasty people everywhere you look....
http://www.dora.state.co.us/securities/pdf_forms/pressreleases/blkdiamondpress.pdf
STATE OF COLORADO
Division of Securities
Department of Regulatory Agencies
1560 Broadway, Suite 900
Denver, CO 80202
Phone: (303) 894-2320
TDD/V: (303) 894-7880
FAX: (303) 861-2126
Fred J. Joseph
Securities Commissioner
Bill Ritter, Jr.
Governor
D. Rico Munn
Executive Director
PRESS RELEASE
For Immediate Release
March 18, 2008
Contact:
Fred J. Joseph
Securities Commissioner Or Gerald Rome
Deputy Securities Commissioner
(303) 894-2320
FLORIDA HEDGE FUND SANCTIONED BY SECURITIES
COMMISSIONER
Denver, Colorado --- Colorado Securities Commissioner Fred J. Joseph announced today that he has entered a final cease and desist order against a Florida hedge fund for
allegedly violating the securities registration, licensing, and anti-fraud provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in and from
Colorado.
Named in the Order are The Black Diamond Fund, LLLP, a Minnesota limited liability partnership operating out of Florida, its general manager, Wealth Strategy Partners, and
Harvey Altholtz, both of Sarasota, Florida. Mr. Altholtz directs and controls both The Black Diamond Fund and Wealth Strategy Partners from offices in Sarasota, Florida.
The Commissioner issued a Final Cease and Desist Order against The Black Diamond Fund for registration, licensing, and anti-fraud violations of the Colorado Securities Act,
and against Wealth Strategy Partners and Mr. Altholtz for registration and antifraud violations. The matter was heard before the Colorado Securities Board (the “Board”) at a
show cause hearing. The Board, in its initial decision, recommended that the cease and desist order be issued.
The Board found that Black Diamond was attempting to conduct an offering of up to $10 million by offering partnership interests in Black Diamond. The interests were offered
through persons described as "finders" who were paid commissions for their sales of these interests. Mr. Altholtz, who is a former dentist, used at least five finders in
Colorado, including William Alan Gay. The Board found that Mr. Gay, who is currently subject to a court order prohibiting him from engaging in any securities activities in
Colorado, conducted "free lunch" or "free dinner" seminars where the invitees were provided investment opportunities, including investing in the Black Diamond Fund. Mr.
Altholtz attended some of these seminars. Mr. Gay is currently subject to a Contempt of Court proceeding in Denver District Court for allegedly violating the terms of the court
injunction for offering and selling these securities in Colorado.
Also, the Board found that The Black Diamond Fund, Wealth Strategy Partners, and Mr. Altholtz offered and sold securities in Colorado without registering the securities or
seeking an exemption from registration. In addition, the Board found that Black Diamond hired a sales agent, Mr. Gay, who was not properly licensed to sell securities.
The Board also found that The Black Diamond Fund, Wealth Strategy Partners and Mr. Altholtz violated the anti-fraud provisions by failing to disclose to investors Mr. Gay's
current licensure status. The Final Cease and Desist Order orders all three Respondents to immediately cease and
desist offering or selling any security in or from the State of Colorado in violation of the anti-fraud, registration and licensing provisions of the Act or otherwise engaging in
conduct in violation of any provision of the Act.
DORA is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer
protection is our mission.
//End//
Going Long on a penny or a pinkie? Bad Choice - but you WILL learn the hard way! Most of the gurus on these message boards don't really have a pot to piss in! Just a lot of membermarks and perhaps a single wide! GOT FRONTLOADED?
Dear Coy - If I am not mistaken from your public posts reagrding HMGP - you did most of your buying in the low .30's and also a lot while it was declining in the .20's. This stock is now in the .04's to .05's - how could your buys be considered the bottom to you?
In several posts in recent weeks, you announced on your board that you were over $70,000.00 down in this security - so I just wanted to know how you feel you bought the bottom?
Also, what technical or fundamental information are you using that leads you to belive "She is getting ready to blow"?
You seem to have a lot of people marks - so I wanted to make sure I understood your post and its intention?
Would appreciate a reply if possible.
Many Thanks
Your intial buys at .30 have to be
pretty hard to swallow now. How you averaged down to .14 is absolutely amazing - Just buying a falling knife on that one? - from .70 to .085 in a few short months - another gagged TA and owners propbably driving nice shiny cars for the holidays...
happy TURKEY DAY coy!
They don't need the stock to go up until (or) unless they want it to:) My guess - they could care less about the current price, the current (retail) shareholders, the lack of volume or the untradeable spread between the bid and ask. Just IMO though.
Oh Yeah - he's thrilled - must be sitting on a park bench next to Scott and a few others weeping I would assume. Heard from none of them.
Who knows - could be that AKYI will find a good business to inject into the shell and the symbol TRBY could run again someday.
If not - I think Tom's address is in the filings...I'm sure someone out there has at least thought of a little vigilante justice:)LMAO!
Yep - he who learns to run away - lives to fight another day:)
FYI-
We are engaged in identifying, investigating and, if warranted, acquiring, companies that will enhance revenues and increase shareholder value. We are in active negotiations at the present time with one such opportunity. In the event that our limited financial resources prove to be insufficient to implement our acquisition strategy, we will be required to seek additional financing, through either equity or debt financing.
New Name = "Mouse-be-gone"?
On June 29, 2007 in connection with the resignation of certain of our executive officers and directors, our Company agreed to pay to those officers and directors an aggregate of $105,000 in full settlement of all contractual obligations that those officers and directors had and might have against our Company as a result of their services as directors and officers of our Company through that date. We also transferred to Mr. Thomas Large (a former officer who remains a director of our Company), 100% of the capital stock of Designer Appliances, Inc. and all other assets and liabilities of our Company relating to our Company’s former computer mouse and software business, including intellectual property and physical materials, including hardware and software and all rights pertaining thereto, in consideration of the payment to our Company in perpetuity of a 1% royalty on sales by Designer Appliances, Inc., the return by Mr. Large to our Company of 1,000,000 shares of our common stock and the grant to our Company of a 5% interest in the disposal value of Designer Appliances, Inc. Thus, the results of operations of the computer mouse and software business have been presented as discontinued operations in these financial statements.
I thnk you are pretty darn close to hitting the preverbial nail on the head...like I said - perhaps this will get better then Tom the mouse man could have done anyway....
Cheers
Getting PO'd on a message board is merely a rant - it may make you feel better, but it does nothing to effect change or fix the issues. When we invest in someone "elses" dream or vision -we are simply coat tail riders. Sometimes the ride is enjoyable - many times it is not. In this case - the primary idea and product seemed like a good one on the surface. It just did not pan out even though in the beginning it seemed quite locigal that it could.
Investing in this manner leaves you completely out of control to change or affect much of anything.
I would venture a guess that there really are only a small handful of old longs left and that most of them have already resolved in their minds (after all this time) that their investment and what is left of it - is not and may not not ever pay off.
Perhaps this new entity and the business within - will garner some positive outcome - perhaps even more then the mouse man could ever hope to do. Or not...
That was my morning coffee hard at work pain....Have a great Friday!
Cheers
Read the Share Pruchase Agreement in the attachments...
I can't copy and paste the PDF file - so I will paraphrase a bit.... cause my typing sucks:)
WITNESSESTH:
Whereas - simultaneous with the execution of the Agreement, Company has executed as Share Exchange Agreement with Alfred Settino and Carmine Castellano, whereby the Company is aquiring shares of Italian Communications Centers, a Swiss Corporation, whose operations the purchase price of this agreement is intended to finance.
So (In my most logical opinion IMLO) the 1.7 million cash injection is going to finance the operations of the above company - so in my mind....TRBY is now a shell company financing an Italian Communications Center that is a Swiss Corporation...
So much for mice and men....
It could be a good thing though.....who knows...
Hey Pain - I don't see where todays filing mentions the mouse or the patent rights - I still believe Tom got those out and this is no longer a ergo company. But almost 1.8 million of cash injected for acquistion? That is interesting. Obvious have a plan - wonder about the little Swiss based communication company mentioned in todays filing.
If I missed the mention of the morph somewhere - can you steer me in the right direction?
How Tom ended up holding 17 million shares is beyond me...
Smelling like a rose while bagholders wallow in red....
Cheers
Yes - kinda funky - in one document it specifically excludes the patent for the morph - but then there is a separate document that turns the patent over to Designer Appliances - which is just Tom now.
TRBY does get something if he sells the mouse and/or patent though - but only 5% of the disposal price?
I think he has emailed several "longs" - so I know there are those out there that know more - they are just not talking.
Scott for sure was blindsided and he has lost over 80K - pretty sure he now knows what is really going on.
Regardless - I think TRBY is no longer an ergonomic mouse and peripheral company - and will be "morphed" (pardon the pun) into a newly trading entity.
Not sure what Nutmeg got out of the deal - except to default Tom and gain a BB shell worth around 500K for about 150K (I think Tom got 100K and Grodon got 50K) so they could flip it and net 350K - that may be pretty close to what is owed Nutmeg - but I can't remember.... either way - they also have probably been dumping their shares all along the way - those were free in a way- now that they got the shell. ALL IMO - just spitballing on some of this...
Far cry from a buyout and perhaps Pain was right - spill a little rumor on the side to move the share price over 300% right before the announcement - somebody benefitted...
BB's and Pinks - SPIT.....continue to be a criminal free-for-all.
Sure there are a few believers that would like to find Mr Large and give him an old fashioned AZZ-KICKEN though....
Truth be told - NEVER!
Not the case IMO - I believe that Tom got the mice and all the patent rights - stripped Torbay of all Intellectual Property and sold the shell off for the most part. IMO
http://knobias.10kwizard.com/cgi/image?repo=tenk&ipage=5038658&doc=9
The perverbial - (took the bat and ball and went home...)
AccessKey IP, Inc. Hires New VP of Marketing and Sales for TeknoCreations
July 11, 2007 - 9:30 AM EDT
AccessKey IP, Inc., the developer, designer and producer of advanced entertainment and communication devices, has hired Mark Kasok as the new Vice President of Sales and Marketing for its TeknoCreations subsidiary. TeknoCreations will provide AccessKey IP with a very strong presence in the consumer electronics retail sales arena, while simultaneously helping AccessKey IP to remain focused on the development, design and production of cutting-edge advanced entertainment devices.
For the past 11 years Mark has been with PC Connection, a $1.6 billion Direct Market Reseller, most recently serving as the Product Marketing Manager for the Consumer Electronic, Consoled Gaming Handhelds and Wireless Communication categories. Mr. Kasok brings over 15 years of experience to AccessKey in the consumer, industrial, and Direct Market Reseller segments. According to George Stevens, CEO of AccessKey IP, “Mark brings a vast network of high-quality industry contacts and sources, a wealth of experience in the industry and an aggressive sales and marketing philosophy. We’re extremely excited to have him as part of our executive team and we feel he will help in taking TeknoCreations to the next level.”
http://app.quotemedia.com/quotetools/popups/story.jsp
That would not be in TRBY - They may or may not have the rights to the mouse...
Who said the offer was turned down????
Read the agreements again....
Did anyone read the PDF contracts on this 8?
Legaleaze and all - but a good read...
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=5038658&doc=2&total=12&back=...
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=5038658&doc=6&total=7&back=2
Vole sued over mouse
Ergonomic design breached patent, claim
http://www.theinquirer.net/default.aspx?article=40624
By INQUIRER staff: Wednesday 27 June 2007, 18:52
MICROSOFT RECEIVED a writ alleging it breached the patent of a mouse designed by Jack Lo.
The writ, issued in a Texas district court two days back, alleges that Microsoft, a co-defendant with Designer Appliances Inc, breached patent number 5,576,733 called "Ergonomic Computer Mouse".
The patents breached, claimed Lo, were incorporated in the Natural Wireless Laser Mouse 6000 from Microsoft, and the Air O2 bic mouse - formerly called the Quill mouse by Designer Appliances.
Illustrated below are Lo's mouse from his patent, and the Microsoft mouse from the Vole's web site.
Lo Mouse Vole mouse
Lo wants damages and the usual penalties if he is successful in his case against Microsoft and Designer Appliances. µ
AccessKey IP, Inc. has Created a Retail Sales Subsidiary
June 28, 2007 - 8:33 AM EST
AccessKey IP, Inc. has Created a Retail Sales Subsidiary
AccessKey IP, Inc., (Pink Sheets:AKYI) the developer, designer and producer of advanced entertainment and communication devices, has created a subsidiary, TeknoCreations, to focus exclusively on developing the retail market for AccessKey IP consumer electronics products. Working with pre-established relationships and further developing existing channel contacts, TeknoCreations will immediately begin to negotiate and sign agreements with various distributors representing retailers (small, medium and brick and mortar), Etailers and government resellers. This subsidiary will provide AccessKey IP with a very strong presence in the consumer electronics retail sales arena, while simultaneously helping AccessKey IP to remain focused on the development, design and production of cutting-edge advanced entertainment devices.
According to George Stevens, CEO of AccessKey IP, “We are confident that the establishment of TeknoCreations as a subsidiary of AccessKey IP will not only help AccessKey to more clearly focus on our core business of developing, designing and producing exciting entertainment products, but will also allow us to more fully develop our retail sales channels.”
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms.
AccessKey IP’s AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
My thoughts are just personal opinion - like everyone elses -
But I do know that Tom, Gordon, Scott put together could never do what these folks should be able to do in the very near future...I know that Tom turned over the reigns, but not the horse...as he needed to... and that these folks just didn't appear overnight:)
Don't know how long it will take for things to get clearer for the "average joe retail investor" - as we know - they usually get these type of deals all wrong - and visa versa...
You may finally be glad you still have all those shares though -
All those deals you mention (and don't) - Microsoft, HP, 3M - they were all things on the table and within the realm of possibilities - but Tom and Co... could not close the deals - so - wanna bet the new team has a better batting average?
Good Stuff...
PS - have a nice weekend - been a while since we were cival to each other:)
Your not on the right track pain....
This is all a very GOOD thing that is going on:)
Interesting times ahead....
I don't know - they could have certainly paid for a much better pump than me simply posting a piece of info that I was told on a little read message board.
Still think something is going on - these things do not happen overnight.
Want to clear one error up in your post -
I am no longer a shareholder of TRBY - haven't been for some time. Well over a year I think.
Just have someone that still likes to keep me informed - that supposebly still have Tom's ear. This investor was NEVER a poster on this or any other messge board to my knowledge - but did participate in the private placements several years back.
I dropped what I heard on the board - because I wanted to see the dialogue that ensued from longs that are still hanging on.
I believe that the investor that told me believes his "special" information to be 100% accurate - but that does not mean that I believe it to be. Tom has a long history as far as I am concerned...and not much of a batting average.
Cheers
Thanks for that
- With a negotiation in progress - you keep all the players plodding along - a deal takes time to complete and finalize - you need to continue to move your company forward -(or in Tom's case...sideways) until the ink is near dry.
Some news should start to find it's way to the surface soon I would imagine.
Can you confirm (or speculate) if Scott is promoting the new Morph or the old - outdated - Quill Mouse.
I believe there will be some light shed on that very soon....
Whats in a name????
"Microsoft" - "Micromorph" .... clever don't you think?
One other thing that he spoke of - was the reason that the Morph was not released to the public in the 1st qtr - and why there has been no real update on that - is because - that is what the purchaser is after - the Int.Property on the Morph - as the Quill is obviously much outdated - but the morph is what they are interested in.
All suspect - but....
Cheers
I don't really don't know anything about it - just an old timer reached out to me a few weeks ago with this fish story. Not the first - think he holds about 3 or 4 million shares - so somewhat motivated and prone to BS in my opinion.
Claims to know more then he should - remember - Tommy used be pretty loose with the lips...
Anyway - did not think much of it but since I heard about it - some are obviously accumulating quietly.
Still highly doubt the whole thing....not worth .12 or even .012 for that matter. IMHO....
Cheers....
You will need to be happy at .12
Nothing more - nothing less.
I think selling this company for much of anything would be a miracle. It has no established sales to speak of - debt up the wazoo and a product that has come and gone. Plenty of other products out there now on the market - 3M - etc.
But perhaps there is some value in the intellectual property - who knows - but I think it is a far fetched notion.
However, you can imagine - with no income coming in - and debt piling up - 1.8 million would be looking tasty....
LOL - always look forward to your siggy!
Keep it fresh:)
Mac
That's enough to retire on - it might not be what he wanted originally - but it appears he has taken it as far as he can.
Oddly enough - the home page of Yahoo has a large story on computer injuries right now - and info on RSI, and Ergomomics....Timely I would say...
http://health.yahoo.com/experts/healthnews/7885/is-your-computer-hazardous-to-your-health
A few large holders are talking about a .12 per share buyout that Tom is considering. They got some hints from somewhere...