Bib holdings (fka bibo)

[Jazzy]

Here is a repost of some of our DD

here's the way I see it right now:
Bibo Charts show a buy for a longer term or trading a percentage of them on the runs.
This looks like it could be a turn around for this company and a
move back to pre-Cd and higher margin levels which could raise the pps closer to historic levels. It was trading in the .20s. Im not saying it will move there who knows. I remember buying Mobl at .028 last of 2003 I liked it back then some did not. It moved to 30 cents nice short term gain earler this year. It was a 5 month hold form fall 2003.

Some recent DD on Bibo suggest Part of the fall to the one cent range "The company shipped products to 85 retail customers in 2003 with its five largest customers accounting for approximately 84% of our gross sales in fiscal 2003. WalMart accounted for approximately 48% of gross sales in fiscal 2003. Revenues for the year ended December 31, 2003 were $3,567,000. Gross profit as a percentage of revenue was -6% and 24.2% for the years ended December 31, 2003 and 2002, respectively. The reduction in gross profit as a percentage of revenues is a result of losing the major program from one customer, which carried a high gross margin, selling inventory, in some cases, at a loss, and taking orders at lower gross margins to generate cash. In addition, during the 2003 year, we recorded a write-down of inventory (amounting to approximately $424,000) in order to more properly reflect the market value of certain lines. Gross profit in absolute dollars decreased by $2,671,000. “We anticipate gross margin for 2004 will increase above 2003 levels as we begin to ship products under the newly-licensed m.Sasson(R) brand and our private label business returns to historical gross margin levels.”

I like that last statement "Return to Historical Gross Margin Levels. $$$$$$ And hopefully Historical PPs

Rumors are starting to come out about the new M.Sasson line at some wallmarts. This is the line they are hoping will bring in the big profits. From a recent statement: "BIB Holdings has
just launched its bold new mSasson brand of juniors and young men's denim
apparel. The mSasson styles were a hit with both retailers and fashion
reporters at the recent Winter MAGIC trade show in Las Vegas. The buzz
surrounding the company's products is building. This is an excellent time to
introduce BIB Holdings to investors. The company has a solid core business
designing and manufacturing clothing that spans over three decades as a
private entity. In over 30 years of operations, BIB has earned an outstanding
reputation in the industry for quality, reliability and performance. BIB
became public last fall through a reverse merger and now is in a strong
position to leverage management's vision and expertise to build the mSasson
brand and the company

The company has a showroom in New York, a distribution center in Pennsylvania and a distribution center in Las Vegas, within a foreign trade zone that exempts shipments of its products to Mexico from duty taxes. BIB Holdings, Inc. markets a brand of denim and casual apparel under the m.Sasson(R), Home Turf and New Terrain labels as well as private label. The company distributes its clothing via leading retailers, such as WalMart, Sam's Club, T.J. Maxx, Century 21, J.C. Penney, Burlington Coat Factory, 7th Avenue and Swiss Colony, throughout the United States and abroad.

I called a good friend of mine who has been with wallmart for about 15 years and is in managment. Ask her to check around for me and find out what she could.
the Msasson line in stock dept manager told my source the sales on the items they carry are brisk. Good mover.

According the the filings, Cornell Capital had a 500K CD for which they could convert 50K per week for 10 weeks, commencing March 24. If that's the case, the 10 weeks are over, and no new shares would be issued.
the O/S now would be around 210 million based on Cornell Capital, and float 170 million. That means market cap around 3 million.

Or as one poster said could be the 500K was a draw on the equity line of credit, a CD was issued to Cornell in January for $1,200,000, as of 03/01/04 no shares had been converted regarding that CD.

The sales over 10 weeks are to repay the equity line draw, the CD will still need to be converted into shares and sold,no way to tell by the SEC filing when that selling will be completed.
In A recent call to the Cfo he suggested that the cd was done.

Too be honest Im not sure of the status of the CD. but this is the reasons for the low price right now and also
Lack of business information updates for the company no fluff prs at all. This can be viewed good or bad depending on how patient you are
PRs so far look great expecting good news soon Here they are. Remember the "marketing and advertising campaign. The comprehensive plan, scheduled to rollout in August, will include targeted print publications, radio, movie theaters, outdoor advertising, transit, the Internet and guerilla marketing" Excert from the March 8 pr.
As I look at the prs I see a plan coming into place.

BIB Holdings to Implement National Marketing And Advertising Campaign
March 8, 2004

BIB Holdings Secures Financing Totaling $11.2 Million
February 24, 2004

BIB Holdings Retains Ten Compass North To Build MAGIC 2004 Trade Show Exhibits
February 12, 2004

BIB Holdings Reports Backlog of $4.1 Million as of January 31, 2004 [clothing order backlog}
February 10, 2004

BIB Holdings to Launch New m.Sasson Label at MAGIC Show
February 4, 2004

BIB Holdings Retains KCSA Public Relations Worldwide to Head Full-Service Communications Campaign; Company Poised to Rollout m.Sasson Fashion Brand Apparel
January 26, 2004

BIB Holdings, Ltd. Announces New Chief Financial Officer
January 6, 2004

Sassoon Group Inc. Announces Name Change to BIB Holdings Ltd. and Ticker Symbol Change to "BIBO" New Name Reinforces Growth Strategy
December 22, 2003

BIB Ltd. Announces Launch of Fall 2004 Young Men's and Juniors Clothing Lines at MAGIC Marketplace, February 2004
December 16, 2003

Link to recent insider buying/accumulation they have several million shares
Four recent 4s filled. July first 2004
http://www.pinksheets.com/quote/filings.jsp?symbol=bibo

Authorized Shares: 300,000,000
Source: 10QSB ( 05/14/2004 )

Outstanding Shares: 77,931,388
Source: 10QSB ( 05/11/2004

BIBO DD links

http://www.fibre2fashion.com/news/NewsDetails.asp?News_id=6052

http://www.prnewswire.co.za/cgi-bin/micro_stories.pl?ACCT=133897&TICK=RSTR&STORY=/www/story/...

http://www.nqb.com/quote/filings.jsp?symbol=BIBO

http://www.msasson.com/content.php?section=press&page=021204

http://articles.findarticles.com/p/articles/mi_m0EIN/is_2004_Feb_12/ai_113181684

http://www.otcbb.com/profiles/BIBO.htm

http://www.msasson.com/ Web site