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I gotta say that I like this company. These guys are serious about creating a company that can and will be operting in a huge space. They are working right now on having their lawyers wrap up these two acquisitions and that will definitely be the starting line...and there off!...around corner #1 it's CYBD in the lead...
Now that is quality! Thank you Penny for your research and I think that Michael is the perfect candidate! Never Never Land will Never be the same!
AF- I was hoping to post the pics that have at the simultaneously with my last reply. My IT guy is working on posting them today.
NO NEW ISSUANCE!
If he is...let's see if he'll put it in the A** of this company and sends it to the moon! I've got my ears on...come on back with it.
I just don't know the answer to that!?! I will say that there are other things at work that I'm hoping to bring forward soon. I know this is vague and I will apologize in advance, it is what it is and I'll keep all posted.
As I stated earlier...there is no confirmation yet as to any additional shares being authorized, types of shares, what they willbe used for... right now it is nothing more than a request. When I've got something solid I WILL POST IT!
If he plays his cards right at the dinner he has scheduled with the Pres. That should be a HUGE opportunity to land just such a deal! Let's have confidence that he has his poker face on.
they are officially positioned to "Do Bidness" now I can hardly wait to have the opportunity to announce that they have signed contracts and ARE DOING BIDNESS! Thanks fo ryour reply.
Me too! Thanks for your reply. I will keep posting information as it arrives.
jimsmarios...I thank you for your reply. It's a hell of a wall! I want you to know that communication has to be two ways. I am open to any and all feedback and as I lace up my climbing shoes! I will continue post information as it is handed to me.
Honestly...as far as we can tell, there are 5bil issued, 3bil of which are currently in the float. That is according to information that has been furnished by the company.
Always Faithful...Really...If you really believe that a picture will solve the issues surrounding PDSC, I will go,Personally, and shoot a whole roll of film and have it sent to your doorstep! Really, just say the word.
I'm not here to cross swords!
I would like nothing more than to see this stock take off.
The fact of the matter is that we bought the idea just like everyone else on this board. Does that make us better/worse? Does that make us "The Bad Guy"?
We are waiting just as eagerly for results as everyone else.
As for the 100Bil. share request...at this point it is nothing more than a request! I am waiting right noww as I type for clarification on that topic: how many shares, type of shares, and what they are intended for. IWANT TO KNOW...I DO! When I have that information, I want to make a statement, until I know for sure, I cannot say anything further on that issue.
I AM NOT TOM COLLINS! I DO work for Mercantile Ascendency and would be happy to hear from each and evry person that has an axe to grind or wants to know the information that we have to share.
I hope that everyone is aware of the fact that only information given to us by the company for public consumption can be discussed and is typically all that we know. Let me rephrase that...Mercantile can only regurgitate the information given to us by the company.
I know that the effort put forth by the staff in its entirety has been laborious and quite dilligent in all facets that we were hired to perform. Tom has personally spent uncounted hours trying to nurture this stock and get it front of people that can make a difference.
Nobody here is looking for approval from anyone! Simply, as the most recent player in this game, trying to get an uphill battle slanted in the favor of the shareholders!
I can assure evry one reading this post that we too are just as eager for results so our function can and will be accomplished. I realize that there are many issues that need to be addressed and we are working dilligently to that end. It is a pity that life doesn't always happen on our time table or terms. I do hope that you will be in touch.
News from Carbiz Inc.
Media Contact:
Company Contact: Carl Ritter, Chief Executive Officer, Carbiz Inc., (941) 952-9255, ext. 1014
Carbiz Inc. enters into $2,500,000 convertible debenture financing
SARASOTA, FL, March 12, 2007) Carl Ritter, chief executive officer of Carbiz Inc. (OTCBB:CBZFF.OB) (“Carbiz”), announced that CarBiz has finalized a deal that will assist in funding the expansion strategy of its business. A US$2.5 million convertible debenture financing with Trafalgar Capital Specialized Investment Fund, Luxemburg (“Trafalgar”) will provide CarBiz with capital to grow its chain of used car dealerships in the State of Florida.
Carl Ritter stated “the completion of this funding will provide the capital we need to continue to roll-out our expansion strategy. We will provide more details on our expansion strategy later this month as we finalize our plans.”
Under the terms of the financing with Trafalgar, Carbiz sold an aggregate of US$2.5 million secured convertible debentures to Trafalgar, of which US$1 million was release upon executing the financing documents, US$750,000 will be released upon the filing of a registration statement with the United States Securities and Exchange Commission (the “SEC”) registering the common shares underlying the debentures and certain common shares underlying warrants to purchase such shares (the “Registration Statement”), and US$750,000 will be released on a date to be specified by the parties, which in no event shall be later than June 30, 2007. The debentures bear an annual interest rate of (i) 12% compounded monthly from the date of issuance until Carbiz files the Registration Statement; (ii) 10% compounded monthly from the date the Registration Statement is filed until it is declared effective by the staff of the SEC; and (iii) 8% per annum thereafter until such debentures are repaid in full. Subject to certain limitations, the debentures are convertible at Trafalgar’s option into common shares of Carbiz at a price per share equal to the lesser of (i) an amount equal to US$0.22, or (b) an amount equal to 85% of the lowest daily closing bid price of the Carbiz’s common shares, as quoted by Bloomberg, L.P., both for the five trading days immediately preceding the date of conversion. These debentures contain certain liquidated damage provisions for the failure to meet certain criteria as set forth in the financing documents. The debentures are also secured by all of the assets of Carbiz and Carbiz was required to irrevocably pledge 30 million of its common shares to ensure full and prompt payment of the debentures, with Trafalgar having the ability to seize such assets and shares in the case of an event of default in accordance with the terms of the financing documents.
In addition to the aforementioned debentures, Carbiz issued to Trafalgar warrants to purchase up to 2.5 million common shares of Carbiz at a exercise price of US$0.15 per share, with such warrants being exercisable over the next 5 years.
A more detailed description of the financing with Trafalgar, as well as a copy of the financing documents, is set forth in Carbiz’s current report on Form 8-K filed with the SEC on March 12, 2007.
The offered securities were not registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered or sold within the United States or, to, or for the account or benefit of, U.S. persons, as such term is defined in registration S under the 1933 Act, except in certain transactions exempt from the registration requirements of the 1933 Act and applicable State Securities Laws.
This news release shall not constitute an offer to sell or an offer to buy the securities in any jurisdiction.
About Carbiz
Based in Sarasota, Florida, Carbiz is a leading provider of software, training and consulting solutions to the United States automotive industry. Carbiz’s suite of business solutions includes dealer software products focused on the “buy-here pay-here”, sub-prime finance and automotive accounting markets. Carbiz also operates “buy-here pay-here” dealerships in Florida through its Carbiz Auto Credit division that are wholly-owned or joint venture companies. Capitalizing on expertise developed over 10 years of providing software and consulting services to “buy-here, pay-here” businesses across the United States, Carbiz entered the market in 2004 with a location in Palmetto, Florida. Carbiz has added two more credit centers since – in Tampa and St. Petersburg – and Carbiz seeks to expand its operations in Florida in the future. For more information about Carbiz and its services, visit Carbiz’s web site: www.carbiz.com.
Cyber Digital's Founder and CEO Continues to Advance Cash Totaling $1.26 Million
Cyber Digital has the potential of being a gold mine
NEW YORK, March 13, 2007 - Cyber Digital, Inc. (OTC BB: CYBD), a leading designer and software developer of advanced digital voice and broadband data switches, announced today that its Founder and Chief Executive Officer, J.C. Chatpar continues to make cash advances to the company, now totaling $1.26 million.
Instead of allowing the company to sell its shares at the current market price for its growth and the quest for acquisitions, this action of its CEO shows that the intrinsic value of the company is currently not reflected. Cyber Digital has the potential of being a gold mine. It is creating an alternative to the Bells' 'Last Mile' voice and broadband local switching network.
"I feel I have done the right thing for my shareholders. The FCC has opened up our markets in the U.S. for the first time in our company’s history. I have always been confident that the systems we have developed for the 'Last Mile' voice and broadband applications would one day have a profound impact on our business. Looking ahead, I expect the gain in Cyber Digital's intrinsic value will by far exceed any of my expectations. I have backed my conviction with my own money. And, nothing will give me more joy than to capture a significant share of this lucrative market, when almost all of my net worth is in Cyber Digital," stated J.C. Chatpar, president and CEO.
About Cyber Digital, Inc.
Cyber Digital, Inc., is a leading designer and software developer of advanced distributed digital voice switches and high-performance Internet Protocol (IP) broadband systems, such as softswitches, routers, gateways, firewalls and servers for network operators worldwide. For more information, visit www.cyberdigitalinc.com
This press release contains forward-looking statements, pursuant to the "safe harbor" provisions as fully described in Cyber's SEC filings.
Contact:
Mercantile Ascendency
Vince Duhon
214.461.3500
vduhon@mercantileascendency.com
That's a shame that you feel that way. This thing would have a bullet in the back of the head if Tom had not been working his #$% off to keep a pulse on this thing.
Good call!
I stand corrected! Begging your pardon! There are indeed fees associated with the production of these types of shows that are incurred by the company. The fact is that most of the shows that are produced are provided to various networks as content and the advertisers then buy the time fragments that piece out a paticular spot. By that rule, the cost associated is predominently compensated by the advertisers that air in conjunction with said spot. I don't have an actual dollar figure for you but it is a FARRRR cry from the speculated $150k-$200k figure posted earlier. This is definitely NOT an infomercial
Infomercial my big toe! Obviously their is some concern as to whether or not the CNBC interview was a paid for spot... it is NOT A PAID FOR SPOT. The only expenditure that was made on behalf of the company was to inform the shareholders and interested parties in the marketplace that the interview will be aired. No moneys whatsoever have been paid by PDSC for the interview with CNBC. Rest assured that PDSC has and will continue to streamline their activities so as to better the position of the company and that means its shareholders position!
You can contact Tom Collins, as stated on the press releases, or e-mail him tcollins@mercantileascendency.com just don't waste his time as he is working very hard to make sure that YOUR investment pays off!
Yes he did tell me personally and I am not out to spread rumors but to tell the truth..and the truth will set you free my friend.
Bill Karney is NOT selling shares!!!! This has been confirmed!!!! Mr Karney is neither printing nor selling stock...let's end the speculation NOW!! There is no financing of daily operations through the use of stock. All people released from their former positions with PDSC posses restricted shares and therefore cannot be selling their positions, so please, let's end the speculation here and now.