Replies to post #2899 on Insynq Inc (fka f/k/a INSQ)

[dale1953]

China, THANKS alot for the update!! I am sure that there are quite a few such as myself that are quietly holding on and we appreciate all the DD that you and a few others do.GLTY

[stervc]

China fan, with that update...

Thanks for sharing as I am a little behind on some things, but I could not have done it better. The IBox have been updated accordingly.

INSN is a real company, but from what was gathered from the conference call, the company got into some debentures that has hurt the company over the past few years as what John had mentioned.

As he stated, it will take some time to restructure the debt to where it won't hurt the company or its shareholders, but it will take months and not years per John, the CEO.

They are very proud of their company and do see light at the end of the tunnel and so do I which is why I will wait it out to see what happens.

Your efforts for getting the conference call to take place was greatly appreciated. Thanks again!

v/r
Sterling

[ohio12]

my 2 is that it took guts to face that crowd.
character to admit debt,lost contracts.
confidence in long term success.

in negotiations to get debt under control.
hope that doesn't mean release of financials and immediate r/s
of os.

360 billion $ market is tempting to stay.

EDIT; and thanks for all your work.

[mick]

china, your conference items are in da ibox for all now.


UPDATE FROM CHINA FAN: 08/14/2008--http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31449976 /> CC update. 1.knee deep in debt. 2.Some offers for company, but nothing worth considering. 3. In negotiations to try and get this debt under control. 4.Financials will be up in a few months,if everything goes well. 5.They are operating on their own cash flow.
6.Hope to be reporting soon. 7.Revenue flat in 06. 8.Small profit in 07. 9.Strategic relationship with Intuit,has not yet materialised, hope it happen in a few months, will "grow" the company. 10.Do not anticipate raising capital, but would love to.
11.Share Structure: 1.6 Billion issued and outstanding. A.S 2 Billion. 12. No longer a partner with Novell. 13. SPLA -Microsoft partner. 14.Contract with Civil Air Patrol. 15.He would love to report, but need financial (audited) to back it up.
16. New "Insynq" 2.0 website should be up soon. 17.There is 360 billion dollar market out there and Insynq is well positioned to capture their share,especially, since they have the experience. 18. Insynq biggest obstacle is overcoming the "financing" received a few years ago. There were a few other issues that was discussed, but these are some main points. It was noted before the conference began,some things could not be discussed.