Whalers post......
I am about to go into a "long winded yarn" to attempt to glue together all the events that have occurred
since our trading spike back in Jan 8th-11th 99
To begin lets look back at those days……….. which I have stolen from Geoff 's post.
"January 7, 1999: volume spikes to 369,960 shares; closing price rises six cents (from .53 to .59)
January 8, 1999: 1,108,464 shares traded, price gains 36 percent to close at 80 cents.
January 9, 1999: 1,437,750 shares traded; intraday high represents an 89 percent gain compared with
the close on 1/7/99.
April 1, 1999: volume spikes to 384,650 shares; closing price rises 16 percent (from .74 to .86).
April 6, 1999: ???????????????
April 7, 1999: ???????????????
First of all it has been about 90 days since the trading spike. Notice that in the 90 day time frame that
has passed, we know that major events have and are occurring. Two events I refer to are the Bean
evaluations and the Form 20F filing.
From previous discussions with Sideware's SYD rep, we know that an evaluation agreement once
entered into after talks, takes 60 days to completion. I suggest that as Owen said in his "hodgepodge
appease the VSE" NR of Jan 11th, we were "talking" right then and there!
Jan 11th 99 NR:
"Owen further says, "The Company is moving very quickly to position itself in the
e-Commerce business. We have formed a sales and marketing alliance with
Science Applications International Corp., we are an IBM e-Commerce business
partner and we have aligned ourselves with Sun Microsystems Java
Development programs. As we move forward we expect to grow our relationships
with these major corporations. At the same time we are using these
relationships to develop a Strategic Customer base. Though there are no
guarantees that an agreement will be reached we continue in negotiating an
evaluation agreement with a major Internet E-commerce company. As soon as
the agreement is signed we will be issuing a press release".
After having put out this hasty NR, I believe SYD narrowly missed a trading halt from the VSE. This
would be for the purposes of explaining current company events that may explain the unusual trading
in those 2-3 days.
So in hindsight, I would say from the NR that what I have cut from the release, is the only matter that
comes close to explaining a spike to $1.00 intra-day and a total of 3 million shares moving. Lets be
serious it wasn't the part about Windows to Wallstreet……… (which I have not included).
People we know that Owen has played it safe with those statements and touched on any business that
may cause such a stir. In doing so he keeps the VSE happy and covers his butt. Now you decide
which one fits!
The following 90 days passing since then have afforded plenty of time to have some "negotiation" first,
and a little left for finally taking the 60 day test drive. It is my opinion that anyone in their right mind
would also want to see the HTML version up and running too.
It is most likely resulting from on-going requests during these evaluations that Bean has developed
further.
"SIDEWARE BEGINS CUSTOMER TESTING OF DR.BEAN™ E-BUSINESS
SOLUTIONS
FOR IMMEDIATE RELEASE - October 27, 1998
Vancouver, BC -- Sideware Systems Inc. (VSE symbol: SYD) has identified a
number of clients to begin beta testing of its revolutionary e-commerce,
customer service software, Dr. BeanTM. The two-month test period begins in
November. Once this phase is complete, commercial shipping of Dr. Bean will
commence in January 1999."
LOL, not so fast Bean we aren't going to see you ship for a while …commercially!
It's time to show off a little and become the showcase that we are, for our E-Commerce solutions.
Finally our storefront and its integrated Dr. Bean are unveiled for the common folks like you and I.
"SIDEWARE LAUNCHES LIVE E-COMMERCE CUSTOMER SERVICE FROM
IMPROVED STOREFRONT
FOR IMMEDIATE RELEASE - January 14, 1999
Vancouver, BC -- Sideware (VSE symbol: SYD) will launch its improved
storefront, featuring Dr. Bean and showcasing e-commerce value-added
solutions integrated with IBM middleware on Monday January 18th, 1999. Any
company that plans to create a customer-to-business web site can take
advantage of Sideware's engineering capabilities."
We have since seen Bean grow from the early beta Java plug-in to the latest and greatest , HTML.
No longer does it require the lengthier Java plug-in, thus allowing the HTML version of Bean to run on
old browsers and thru firewalls. The door is now WIDE OPEN.
We have seen the need for the registration and log-in eliminated. We see it run fairly smoothly with IE
(= AOL) or Netscape browsers. We see the actual CSR interface improve nicely in a short very
period of time.
Since then, we have seen Bean ship dates come and go. Jan 1st ,Feb 1st , Mar 1st…..they keep
moving the goal posts. Another improvement comes along…..wait wait…it's got to be perfect right
Owen? Fine by me folks also.
We won't be going out 'till it's just right no" half a**ed stuff" here, the big boys won't allow that.
Almost time for the Prom….
"SIDEWARE TO RELEASE NEW CLIENT FOR ITS DR. BEAN™ E-BUSINESS
SOLUTION
Advanced Customer Service Tool Optimized for use with IBM
e-Commerce Products Now Features a Versatile New Client that can be
Accessed Easily by anyone with a PC
VANCOUVER, BC-(March 15, 1999)-Sideware Systems Inc. (VSE symbol:
SYD) today announced that it has enhanced its Dr. Bean e-Business solution,
web-based customer service tool that adds live dialog and interactive exchange
to Internet Web-sites. A powerful solution that is optimized for use with
IBM e-commerce products, Dr. Bean now features a versatile new client that allows anyone with
a PC to easily access real-time customer service via the Internet.
Thanks to this enhanced client Dr. Bean effectively has no limitations,
regardless of what type of hardware, operating system, or firewalls that the
customer is using, Dr. Bean can ensure them of having a rich and rewarding
customer service experience while shopping via e-commerce."
SYD has essentially made the core technologically perfect and it's now simply a matter of polish.
Many are now presently evaluating Bean. I have heard that its quite a number too.
Now we must sit and wait as the eventual conclusion of the many Bean evaluations occur. It's simply
a matter of first in - first out. 60 days will have passed and poof, you either buy it or return it before
the clock strikes 12.
Who will be named and how many is what lies ahead…..those inevitable info leaks will occur, just as
they did Jan 8th….11th .
We are seeing it this week. Accumulation and positioning by the informed or keen investors.
Now for the PROM
"SIDEWARE SYSTEMS TO DEMONSTRATE ITS DR. BEANTM E-BUSINESS
SOLUTION AT THE INTERNET WORLD TRADE SHOW IN APRIL
Revolutionary New e-Business Tool Enables Companies to Deliver Live,
Personalized Customer Service via the Internet to anyone with a PC
VANCOUVER, BC-(March 18, 1999) Sideware Systems Inc. (VSE symbol:
SYD) today announced that it will be demonstrating its Dr. Bean e-Business
solution at the Internet World Trade Show (April 12-16), the largest event for
e-Business and Internet technology in the world.
Visitors to Internet World will find Sideware's live-interactive demonstration booth
(# 324) located directly in the midst of "The e-Commerce Solutions Showcase"
section of the show. Representatives from both the company's corporate offices
in North Vancouver, Canada and its US headquarters in Herndon, Virginia will be
on hand to respond to visitor inquiries. In addition, representatives from
Sideware's Partners and Associates, including IBM, Sun Microsystems, and
SAIC, as well as Los Angeles area IBM VARs will be in attendance at the
booth. Sideware Systems will also be holding a press conference at the show, during which it
plans to announce its latest news, including updated information
on its Partners and customers."
WOW.... now there's something to chew on..
Even Agora can't resist pointing out the significance of that paragraph to us simple folks at SH..LOL
For further emphasis I will repost a clip of e-mail from Jim Speros. In the clip he explains a 99
revenue prediction of $6.1 million . The prediction along with others was made in a Washington Times
article. Are we stealing the thunder here in this clip?
"These projections are based on our IBM BesTeam VAR channels and our SAIC
govenrment contracts that have already been awarded to SAIC. Also, we
plan on finalizing several evaluation contracts by the second quarter of 1999
which should bring in significant revenues, not to mention credibility in the
marketplace. This is all that I can share with you at this time. This parallels our
business plan which is to first establish our business partners:
IBM, SUN, SAIC, and then use their channels and existing client base to
integrate our products.
Thank you for your support and interest in Sideware.
Jim Speros"
April fools day today and we seem to be sensing some urgency in the market place. The show is now
9 trading days away and to begin the run in, we have seen many news releases issued. Each and
everyone demonstrating the serious side of the US office and it's determination to become a force to
be reckoned with in the E-Commerce arena
To start off, I must go back to the first US related NR . Our venture south begins here.
"SIDEWARE EXPANDS INTO THE US - ESTABLISHES HEAD OFFICE IN
HERNDON, VIRGINIA
FOR IMMEDIATE RELEASE - February 8, 1999
Vancouver, BC -- Sideware Systems Inc. (VSE symbol: SYD) is pleased to
announce the opening of the US head office for its wholly owned subsidiary
Sideware Corporation. The office is located adjacent to the Washington/Dulles
International Airport in Herndon, Virginia. Herndon is located approximately 20
miles West of Washington DC and is home to Technology giants such as:
Oracle, Sprint, PSI, Network Solutions, EDS and SAIC.
The Northern Virginia corridor has the second largest concentration of
Technology firms in the country, with over 15,000 Technology Companies to
date, and is growing at a rate of 10% per year. The Industry employs over
200,000 workers, paying out an annual payroll of 12 billion dollars. This county
has the highest concentration of Internet Host computers in the Nation"
What a lovely locale! Here's the office folks to follow up with business in this beehive of CYBER
ACTIVITY:
2) SIDEWARE CORP. NAMES NEW ASSISTANT TO PRESIDENT
HERNDON, VA-(March 29, 1999) Sideware Corp., a wholly owned subsidiary of
Sideware Systems Inc. (VSE symbol:SYD) and a leading developer of
e-business solutions, announced today the appointment of Ms. Lisa Rogers as
'Assistant to President' James L. Speros at the firm's new office facilities located
in Herndon, Virginia.
3) SIDEWARE CORP. NAMES NEW MANAGER OF BUSINESS DEVELOPMENT
HERNDON, VA-(March 30, 1999) Sideware Corp., a wholly owned subsidiary of
Sideware Systems Inc. (VSE trading symbol:SYD) and a leading developer of
e-business solutions, announced today the appointment of Mr. Louis C.
Capannelli as its Manager of Business Development. In this position, Mr.
Capannelli will be fully responsible for initiating and developing Sideware's Value
Added Reseller (VAR) channels with IBM, and for meeting and negotiating with
clients in the firm's commercial market space.
4) SIDEWARE CORP. NAMES NEW V.P. OF FEDERAL SALES AND
MARKETING
HERNDON, VA-(March 31, 1999) Sideware Corp., is a wholly owned subsidiary
of Sideware Systems Inc.(VSE trading symbol:SYD) and a leading developer of
e-business solutions, today announced the appointment of Mr. Michael Peacock
to the position of Vice President of Federal Sales and Marketing. In his new role,
Mr. Peacock will have complete responsibility for both identifying contractual
opportunities within the federal government market, and for overseeing the proper
execution of purchasing agreements.
5) SIDEWARE CORP. APPOINTS NEW V.P. OF INTEGRATED SERVICES
HERNDON, VA-(April 1, 1999) Sideware Corp., a wholly owned subsidiary of
Sideware Systems Inc (VSE trading symbol:SYD) is a leading developer of
e-business solutions, announced today that it has named Mr. Thomas W.
Murray to serve as its new Vice President of Integrated Services. Operating from
the company's new office facilities in Herndon, Virginia, Mr. Murray's
responsibilities include overseeing the Sideware IT division in the U.S., building a
systems integration team, and working closely with both IBM and SAIC to
further develop Sideware's products.
Not to be left out ..Our Canadian office's recent addition of manpower.
FOR IMMEDIATE RELEASE - November 13, 1998
Vancouver, BC -- Management is pleased to announce that Michael Marckwort
has been hired as Vice President Strategy Marketing for Sideware Systems Inc.
In this capacity Mr. Marckwort will manage strategic market planning,
management of marketing resources and strategic licensing agreements.
SIDEWARE HIRES MANAGER CORPORATE RELATIONS
FOR IMMEDIATE RELEASE - January 7, 1999
Vancouver, BC -- Management is pleased to announce that Mr. Richard S.
Simpson has been hired as Manager Corporate Relations for Sideware Systems
Inc. where he is responsible for developing and implementing an effective
investor relation's strategy. This strategy targets a broader investor base in order
to elevate Sideware's presence in the investment community.
Now isn't that a nice starting line up. These people are all "well heeled" in their respective fields and
we see Jim has hand picked some excellent "wingpeople"
Are we building a firehall before the fire or what!! Can we afford all this? ..It would be a good bet
that we will!
As it has been said before, these people do not come cheap. They do not come with out their own
"sureness" of making a successful career choice moving into Herndon . We know in fact that so far
one new employee has even chosen to commit to a PP for some warrants in his new place of
employment. There's a vote of confidence not to mention a little career incentive. Lou Capannelli
bellies up for some more to hold 457,297. He had 160,000 from the last PP approved Jan 7.
What made Lou go in for twice the amount of his last helping?
Now to get to another 60 day wonder that has passed while the 90 days has gone by. We must look at
the Form 20F filing from Jan 13th 99.
"SIDEWARE FILES VOLUNTARY REPORTING DOCUMENTS WITH THE
SECURITIES EXCHANGE COMMISSION
FOR IMMEDIATE RELEASE - January 13, 1999
Vancouver, BC -- Sideware (VSE symbol: SYD) filed its FORM-20F disclosure
document with the Securities Exchange Commission. Similar to a US Domestic
Form 10 filing, the 20F document provides a foreign company the means to
disclose its business to the US Investment community in an orderly and
acceptable manner."
We know from talking to the Syd Rep Jen, that this process would take 60 days if things were to go
without a hitch. It would come back "without comment" as they say in the industry. We were waiting
for Mar 16th at the outside, as the day to hear about our filing attempt. It turns out that there were
some ruffles that needed ironing and the company lawyers were working them out. Jen tells us to
"expect a further 30 days possibly" to hear then.
For that matter, another 30 days will put us into the I-World (April 12-16th) time frame, that's if we
had to do another 30 days. So we await that "green light"
The significance of the PP's….. I get the feeling so far that most big contributors (Placees) are either
friends and acquaintances of Jim. These acquaintances canor may also have business dealings or
related mutual involvement in terms of Sideware business prospects and working relationships.
Jeff Lubore of Ascend has put in his own 300 grand for a PP to obtain 754,000 warrants. Since then
(Jan 7 ) we see another of the Lubore clan come forward and buy into the recently approved PP also
. Scott Lubore buys 360,360 warrants for 120 grand. Nothing like bringing the family on board.
Dave Robison has been to the PP trough twice..the first time for 377,000 at a cost of 175 grand (Jan
7). Now he's back in the last PP approved for another 195,195 warrants costing him 65 grand. As I
said before our boy LOU Capannelli hits it hard to hold 457,297. He had 160,000 from the last PP
approved Jan 7. His tab is now at 155 grand in SYD.VSE
Lastly, our own homebody George Tsiolis from Agora puts in for 100,000 warrants at a cost of 35
grand. Now we have to presume that George had a peek into the SYD crystal ball.
Shall we really get adventurous and speculate on Jerry Wenger's role in the SYD scene……lol
We know he's stock guru of sorts . He had his own Radio show , a newsletter, and even his own
website.
All of which were stock and investment related.
Looks like he got into some do-do a while back. I can't even guess where he fits in, unless he will be a
promotional vehicle for SYD USA. We do seem to lean towards radio shows ?
Failing this kind of association or function, then I wonder who hangs with this guy? Oh well lets move
on…..
There is also the big investment in SYD by none other than the new kid on the block JIM SPEROS.
I show him with 600,000 on the Jan 14 PP at a cost of 168 grand (good deal) . We know he has a pile
more but I won't bother looking. Also there are the MANY officers and insiders at Sideware it
self…Owen etal
I am happy to see the good ole boys from VA committed. Jim has obviously convinced many people
its a good bet!
So what lies ahead going into the show?
LOL well I would say lots could potentially come snowballing down on us poor investors. If this weeks
NR's were any indication of the PR machine, next week going in, will be fun. Owen gave us a release
per day for each of the 5 days during a show a year or two back. It looks like that again.
What's possibly outstanding:
Bean release date…………..long overdue!.. Version 1.0?
More hiring news for the US??
A promotional strategy for Bean marketing….the radio show ads are over what's been done now?
Evaluations completed…..someone has to vouch for SYD bigtime…who or how many are unknown
what we do know is a "major Internet E-commerce company" is playing with the Bean! Will we hear
now or later?
Form 20F could be around the corner ….nice to have for walking into April 12th show time!
Too many pokers in the fire……exponential growth in this field of the internet also means exponential
possiblities and applications.
I will wait and see what Jim has cooked up for the planned News Conference .
It is shaping up to be quite an event. I must add that I do not believe this is the only shot at SYD
success. We are on a journey folks and now the company is starting to move along.
We have all the ingredients for success in front of us …………..shall we begin??
Do any of you recall when we were 2 bucks on the hope of Lotus deals? The company didn't even
look like 10 % of this present day snapshot. We are seriously undervalued IMHO.
Please this is by no means meant to be advice for anyone! It is just my honest opinion.
I have tried to glue our events all together logically and with a little reading between the lines!
I may be a little too positive folks, but I think the market is starting to agree.
Sideware the best kept secret is about to become known.
Whaler |
