Geez, settle down everyone. I talked with Larry Schaeffer, the president of EBID, and received the information I was looking for.
I bought 5,000 shares at $2, I may buy more.
Toshio, AONE was a scam IMO, I spent a whole day talking to people who gave me run around information, I shared that information because I was so pissed off at how dishonest they were.
Wayne, I'm not saying you're hyping, I just wish you would have asked the company some questions so we could share some more meaningful information.
I was wrong about a sale of 60,000. That was all I got off my charts, I do not have Level II. Sorry.
I have never, ever, been short on any stock, my account isn't even set up to do it if I wanted to. If I could, I would never short an internet stock. I apoligize if my inquiries seemed a bit negative, but just wait til the real shorts show up.
I spent a ton of time on BANY, and made a ton of posts based on my DD. Alot of people found those useful. Since my inital SEC post when it ran to $1.5 from $0.60, it has never gotten lower than $0.78, so it seems like a good "hype" to me. IMO BANY is now a good buy once again.
There, now that's all out of the way, lets make up, and then lets make some money:)
MY CALL WITH LARRY:
You can call Larry yourself at (760) 804-0023 (they're on west coast so offices open later - that's why I couldn't get through in the a.m.), or e-mail him at larrys@ebid.com. Norman Schwartz is the CFO, he will send you a packet with earnings info from Acuvision last quarter.
Acuvision changed their name to Acubid to reflect a new business focus on building an internet auction site similar to EBAY, but focused on higher priced products like Sotheby's and MLRE. As Acuvision, the company worked with vision training equipment and manufacturing, although they outsourced their manufacturing operations. Clients included Bauch & Lomb and the SD Padres. The company may continue this line of work in addition to the new auction focus.
Larry (he owns 100,000 shares of the company) has experience from WEBY, and from a San Diego ISP, he is bringing on software and engineering contacts of his. Staff could be ~10 people (comparable to EBAY's original operation), once financing is done.
Financing will be complete on April 7, then they will use the money to hire staff and get the page up and running. Actual site could take ~100 days to get up and running.
Float is 2.5 million, the financing will issue stock options to pay the new software engineers (good idea IMO).
They're planning several PRs to update investors as financing is completed and site is developed. They have some exciting potential clients that should get the site some attention.
Anyway, it sounded very attractive to me, and Larry really sounds like he knows what he's doing. You should all send him an e-mail with a question and share with the rest of us.
Sorry again for sounding so negative earlier. I guess I didn't understand why nobody else had posted this information. Anyway, I bet a few more people will find out about EBID this weekend, and Monday may bring the big gapola. I hope the DD makes up for upsetting everyone earlier.
I think we may have a winner here folks:) |
