IGII

[Maestro]

I am beginning to wonder if it us 3SOF members driving up the price every time it touches our buy limit of 0.265. All I want is 25,000 shares, and still not filled. I see the bid at .026 just now, ask at .027; perhaps there is still hope for today.

[basanlas]

mine filled! ---18,500 shares at .265

It's joining IVHG and WDPT as my only green for the day in an otherwise ugly RED portfolio day!

[Maestro]

I've got a partial fill, a little more than half of what I want.

Remainder filled at 12:11

[metro]

I am not sure the reason to be in a hurry to buy.. will they have some news coming soon?

Seems to me is it better to buy a bit lower like near the 9-day perhaps at 0.22

am I missing some important event soon to come?

[beroznikmal]

There was news today....
IGII filed their Form 10QSB
There are too many words in this filing and I am too overweled by the bearish action these past days to care anymore   ....


http://biz.yahoo.com/e/060515/igii.ob10qsb.html

an summary would be nice...

Cheers   
B

[eliteG]

update IGII:

So we finally got IGII.  I have not had a chnace to look at any releases but nevertheless we will see how the market percieves them.  Volume continues to come in nice as we head for the key .29 breakout.

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Position: bought IGII @ 0.265 on 05/15/2006
Order: Hold
Exit: n/a
Target: n/a
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[DannyOhad]

What the hell is giong on?? 33% drop on the opening!!! 

[beroznikmal]

They did not like the earnings... I oulled the trigger on this one...

[eliteG]

An extreme reaction to earnings  .. stock seems to be recovering..

[Maestro]

I think I am beginning to understand why some people say they never hold through earnings.

[danman3459]

What's going on?  A good entry for me at .1664.   

[netfishmademerich]

My order got filled at $0.20 but I don't know if this is good, or bad.

[la-onda]

updated sheet

[Loffigus]

So, is this stock still "on fire", it seems to me that the market has lost interest in buying IGII due to the earnings release.  What is more likely, a drift back down to the $0.15 area or a breakout of the $0.29 resistance? 

[la-onda]

IBSG International Announces First Quarter 2006 Financial Results; First Quarter Revenue Tops $2.1 Million; Seventh Straight Quarter of Profitability; IBSG International Will Host a Conference Call Today at 4:00 P.M. Eastern
Tuesday , May 16, 2006 10:18 ET

CELEBRATION, Fla., May 16, 2006 (BUSINESS WIRE) -- IBSG International, Inc. (OTCBB:IGII), a holding company for four technology and software subsidiaries, announced today its financial results for the first quarter 2006.

Revenue for the three months ended March 31, 2006 reached $2.1 million, almost double the $1.1 million for the first quarter of 2005. Most of this additional revenue came from the Company's international business. IBSG International also had deferred revenues for the latest quarter of over $900,000.

In first quarter 2006, the Company had operating expenses of $900,000, almost exactly what they were in the same period of 2005; there was a $6,000 increase, which was primarily the result of establishing the technical center in Ahmedabad, India in February 2006. As a result, IBSG International reported an operating profit of $1.2 million for the quarter ended March 31, 2006 compared to $182,000 for the quarter months ended March 31, 2005.

The Company had other expenses of $1.1 million for the three months ended March 31, 2006 compared to other expenses restated of $32,000 for the three months ended March 31, 2005. The increase of other expenses for 2006 was due to the settlement of the debt and warrants outstanding, the sale of an asset and a provision for taxes. The loss associated with the settlement of the debt and warrants was $471,000. The Company also recorded a loss of $532,000 as a result of the sale of the CAC asset, on which the Company had recognized a total of $3.5 million at the time of the sale. The sale was for $4 million, of which $1 million is due in 2006 and the balance is due for each subsequent year over the next 3 years. This figure is reflected in the long-term receivable category on the balance sheet under assets.

Net income for the quarter ended March 31, 2006 was $112,000 compared to $150,000 for the same quarter of 2005 primarily due to the extinguishment of debt and warrants as described above.

Dr. Michael Rivers, CEO of IGII stated, "We are very pleased with our progress in the first quarter of 2006. Our revenue is growing year-over-year in a fashion that is both healthy and sustainable. The expansion of our Johannesburg project to cover the entire Union of South Africa may have seemed challenging, but it is up and running across that country, and it will contribute to revenues for the second quarter and beyond."

He added, "We are continuing our discussions with the Malaysian government to launch a similar project there, and our relationship with BAE through our purchase of A-Division in the first quarter will help ensure that we are in the running for other such projects globally. We expect the success that we are seeing in South Africa can and will be replicated elsewhere."

Rivers observed, "In the U.S., IBS Group has launched the implementation of our digital management solution for use within the state of Connecticut's Small Business Development Center network. This network is also capable of being replicated in other jurisdictions in the U.S., and we are exploring opportunities to do just that." He concluded, "IBSG International is on a trajectory toward significant growth this year as measured both at the top and bottom lines."

Management of IBSG International will host a conference call today at 4:00 P.M. EDT to discuss the company's financial results and achievements. Those who wish to participate in the conference call may telephone (888) 335-6674, from the U.S., or for international callers (973) 935-2100, passcode # 7399598 approximately 15 minutes before the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing (877) 519-4471, from the U.S., or (973) 341-3080, for international callers, and entering PIN # 7399598.