Body Basics Inc (ZCBD)

[plfminthemiddle]

Notes part 2
By: mr_beaucat
16 Nov 2006, 12:18 AM EST
Msg. 73319 of 73327
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Notes part two:
General business report given by Bill Martin about company status, some of this was projected on the screen above the podium so I got notes, but a lot of it was just oral.
Martin said when they took over the company in 2000 it was basically broke. Since then the company has relied upon private placement financing and loans from the officers and directors, to the amount of millions of dollars. He also said that the officers and directors converted their debt (don't have the amount in my notes) to stock at five cents a share last year.
BIG NEWS: Platforms has been asked by the DOD to conduct a "National Demo" next year at a military base with an aerostat -- and the DOD is footing the bill! Lindstrand to supply the aerostat. There is a December 1 meeting with the DOD but the agenda was not given.
Vodafone - "no serious offer" has been received about a buyout, contrary to rumors.
Made a big deal out of the Lindstrand connection and said that the 2 major telecomm companies mentioned in the pr have not allowed their names to be released. One is in a merger (Lucent?) quiet period, while the other is foreign-owned and accounts for 45% of the hardware sales in the world (must be Ericsson). Both were at the demo on Sept 30 and told the DOD that they were partners with Platforms on the new RECOM-911 system.

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)