POWERBEAT INTERNATIONAL

[easy money]

EVENING ALL...remember this company... a few years back they came up with a new kind of car battery that never went flat and the company NEARLY went flat its self...well it turns out the company has been beavering away over the years at a new idea that just might come to something...its called MEGAMANTIS and it looks interesting...check out there website..POWERBEAT.COM...for a closer look[u]</u>

[Snow Leopard]

had a look at
http://www.powerbeat.com/mmCam.html
So, it is dark in Hamilton.NZ at night and the company knows how to buzzwords on their website.
Big deal.

[easy money]

useing light as a medium there is no licensing issues to worry about..you could set up a tv station in your own home without having to pay charges to your internet isp...good bye telecom

[Snow Leopard]

sure, easy money, sure. and the audience figures would be?

[Halebop]

I'm not convinced this is an "investment strategy" topic and would suggest this would better reside on the NZX forum.

Easy Money I've noticed you have a predilection towards touting speculative companies without much in the way of tangible assets, business models, cashflow or even access to suitable quanities of capital. The harsh reality is that these companies are anything but "easy money". The easiest money is made from companies that last the test of time on the back of cashflow, profitability and high returns on assets.

[easy money]

powerbeat is not listed on the nzx..at least not at the moment...any sucessful company has to start somewhere...there is also a huge market in cctv..i notice that powerbeat has recently signed a deal with a cctv company in england....i believe that we will see more from this company in the next 2 years

[easy money]

WELL the good people at powerbeat have been busy with the MEGAMANTIS project...i see they have just updated there website..worth a look...MEGAMANTIS.COM

[CJ]

Just like their battery, this company never seems to die. It never sells but that is a different matter.

[barnsley bill]

easy money, you post like mad4it on sharechat.co.nz when he talks about plus sms. powerbeat sucked a lot of money from the 3 Fs in the waikato and I for one will never trust another fat huntly traffic cop.

[easy money]

hmmmm....sounds like sour grapes to me bill...why dont you give the compny a call and ask for a demo....you might change your mind

[easy money]

reacting to todays anouncement...telecom has stated that other parties will have to invest many millions in infrastucture..megamantis from powerbeat offers a low cost alternitive to the incumbents...www.megamantis.com

[easy money]

worlds first button cell can hold full lenght movies...this is good stuff....www.powerbeat.com

[Mr_Market]

Nice idea, but limited use one imagines. Achiles heel is the use of light beam whose transmission could be disrupted by a simple mirror. No use for mission critical apps.

[whatsup]

If you "believe" in MrP0000000 Wh00000, ask around and find just "what" he has "delivered" commercially on the invention front and you will find (to the best of my knowledge) a big fat zero ,excuses excuses/others to blame etc etc, wouldnt "trust" him with any of my money again/ever.sad tale but true!!!!!!!!!!!!

[easy money]

YOU KNOW sir..it is a shame you have no faith....it would appear that there is soemthing else coming out of the melting pot..thats www.chaizer.com how about you give the company a call and discuss any business you might have..

[barnsley bill]

the best thing about powerbeat is the nice piece of real estate their head office sits on

[whatsup]

Barn----, that is/was now history ,at last years agm a motion was put forward to the meeting to sell it (that was/is the only "real" asset that powerbear had) and to chew through the proceeds developing more pie-in-the-sky schemes so the management can draw wages until there in no more cash left ,then what, you ask I guess that they will have to get into the real world and "apply" for a job somewhere.
Powerbeat has never commercially developed any product in the 10-15 years that it has existed and IMHO never will because of the top table!!!!

[easy money]

CALM yourself brother...did you know that the company will relocate to the inner city and base themselves in a purpose built building which will be used by powerbeat to commercialise the mega-mantis project..this building will also have other tennents creating a cashflow for pbil.The company has also sold a commercial license to a uk based security firm to further the development of mega-mantis.Powerbeat is moving forward...not backwards.

[barnsley bill]

quote:Originally posted by easy money

CALM yourself brother...did you know that the company will relocate to the inner city and base themselves in a purpose built building which will be used by powerbeat to commercialise the mega-mantis project..this building will also have other tennents creating a cashflow for pbil.The company has also sold a commercial license to a uk based security firm to further the development of mega-mantis.Powerbeat is moving forward...not backwards.


so they are in the commercial property biz now?

[easy money]

YOU could say that bill...you will find more when there next annual report is released...

[whatsup]

Great then we (share holders ) can expect the shares to be quoted on the companies web page !!!! ignore the "last" trade quote ,that was a "wash" trade at .75 sometime last June ,real quote should be
Buyer .05
Seller .08
Numbers for sale 2,500,000.
Numbers wanted 10. imho!!!!

[barnsley bill]

:D

[whatsup]

Easym----, In order for a building project to "get off the ground" any lender must have confidence in the developer. In view of the unproven commercial history of the "inventer" I wonder if banks/lenders/financial instutions would be willing to risk funding any of PB/Pe'''' E//// hairbrained pie in the sky ideas, and as we all know without funds/creditibility nothing happens ( IMHO just like what has happened commercially over the history of Power Beat),
IMHO the only/real winners of PB have been the wage & salary earners who will keep on drawing their pay checks until either the money runs out or the company is placed in --we know where!!!!!!!.

[easy money]

how about the over $2m they received from the sale of the land next to the airport...and the money they have recieved from the sale of a license to the uk based security firm

[whatsup]

That may buy a deposit on the land, you wont get much of a building up for $5 mil to attract worthwhile tennants, watch that space the $2 mil will IMHO be frittered away.
PB in years gone by had to go to Dorchester or something like it to borrow money at the rates that they charge of I think some 18+% so now borrowing for a building propject will be around that or more ,and lets see if developement can pay with this sort of overheads. PB has flittered from one type of "pie in the sky "schemes to another 'this one IMHO follows in this pattern.

[easy money]

have a look at this.....www.emphatic.co.nz/viz/viz-build.htm

[whatsup]

EM that has been around for a year now ,just lines on a piece of payer ,something to show lenders. Creditibility is everything to then, not what you want to do, its what you can do!!!!

[easy money]

you are a hard one to please....I believe you should read the next annual report...or you could contact the company directly.

[easy money]

LAND IS AVAILALBLE for between$600k and $1.2m...the building is estimated to cost between$800k and $1.2m....look forward to standing on top of it.

[whatsup]

EM have been to the annual AGM for the last so many years have lost count ,heard all the "good " news every year but nothing commercial to show for all that money/promises/hype/hope ,but wait til next year "were onto something with our latest wonder invention" come back in a years time and we'll all be rich ,just pay my cellary for another year (will save me having to apply for a real job in the real world!!!!)yeah right!

[easy money]

well looks like peter and his team have updadated there www.megamantis.com website..very slick..

[whatsup]

IMHO whats the bet that the "team" will stuff up the commerciability of this as well, but never-the-less imho should keep them pulling a cellary of megger$ for as long as it takes.

[easy money]

Still not sure why you are so down on this stock it is apparent to me that the company is moving forward...you must remember whatsup that plenty of companies have come and gone over the years yet powerbeat continues to move along quietly....the outlook for powerbeat has never been better...you just have to relax a little with this one

[easy money]

WHILE the never go flat battery was a good a idea at the time...it was really just a another commodity and so the profit margin was never going to be huge...the www.megamantis.com and www.chaizer.com projects on the other hand offers somthing quite unique..and so the upside value is far greater..the company is in better shape now than it has been

[whatsup]

Yeah right!!!!

[barnsley bill]

quote:Originally posted by easy money

WHILE the never go flat battery was a good a idea at the time...it was really just a another commodity and so the profit margin was never going to be huge...the www.megamantis.com and www.chaizer.com projects on the other hand offers somthing quite unique..and so the upside value is far greater..the company is in better shape now than it has been


I wonder how the original investors in this fat huntly traffic cop with a smart idea pyramid scheme feel about your flippant remarks about the never go flat battery.... Do us all a favour and take your shameless spruiking to sharechat, they will love you over there.

[easy money]

WHEN the next annual report is presented to share holders...you will see the progress this company is making..trust me

[whatsup]

Easy Money are you sure that you are not a clone of Belg---, as you are talking the same sore of CR*P as he does, Power beat IMHO is nothing but nothing but a play thing of Mr P$$$$ W$$$$$$$#@ which when the money is all gone will be placed into liquidation , it hasnt to date commercialised anything and IMHO never will, it hasnt the nouce to either 1 invent anything commercially 2 get commercial financing for it to produce anything commercially on a either national or world wide scale.
IMHO the poor /gulliable shareholders are sucked in by a silver tongue!!!

[easy money]

WE shall see...

[whatsup]

Easy Money wernt you the same guy /guyess who said that CER was going to a world beater investment!!!

[easy money]

thats a nice shot of auckland this morning....www.megamantis.com/live/mm_akl.html

[Snow Leopard]

how does the megamantis link perform through fog and rain?

[easy money]

NO problem with fog or rain...but whiteout conditions do effect performance at presant level of development

[Toddy]

POWERBEAT INTERNATIONAL. I cut my teeth on this coy. Lost everything I had at the age of 24 (50k at the time). Could have now been worth millions if I had invested in property.

The only people to make any money out of PBT are the Waikato lawyers (and the coy that bought the 3D trading screens busines).

I would not believe a thing management says until I see any cash in the company bank account.

[Toddy]

The annual report turned up in the post. (Its always like xmas when this arrives.... what b*ll**** are they going to spin this year)
Had to laugh (cry) about the DVI success in the States. PBT had to sell out in the early days for cash.

Cash is running out fast now, nothing left to sell. They are talking up the Megemantis technology but the clock is ticking.

Make or break time for Powerbeat. I give them three months to either come up with new cash or fold for good.

[easy money]

HI TODD....went to the agm on friday...very interesting....

[whatsup]

EM grow up if the Megam-----, ever existed it would have been invented/snapped up by the big technology companys not some /builder/policeman/inventor who by the way has had approx 10 years and produced nothing of "real" value, let this company wither by not providing it with any further funds for P W s life style some what simular to Indranet all smoke and mirrors, imho!!!!

[easy money]

HI whatsup..nothing could be further from the truth...the dvi technology invented by powerbeat and now controlled by mr tindall has listed in the states with a mkt cap of around 200 million..www.puredepth.com likewise with www.megamantis.com and www.chaizer.com these two projects are now subject to liscenseing deals which will have a positive impact for powerbeat....how about you contact the company directly for an annual report

[Toddy]

Hi Easymoney

Just noticed your post. When you say that the agm was 'interesting' do you mean that 2007 is going to produce the real deal or is the technology still some way off yet.

I gave up being frustrated by Powerbeat years ago and even noticed that it got a mention in the Tindall Herald article with reference to some 'lessons' learned and the click technology being shown to microsoft by Tindal, when they were all friends.

[easy money]

happy new year todd....Well this year we just might see a deal being made with the www.chaizer.com project and www.megamantis.com there was certainly plenty of positive talk at the agm...time to dust of those share certs.

[Chairs]

What exactly happen to the battery that would never go flat? I recall hearing about an ex-policeman making claims about an unlikely technology some years ago. People actually invested in that? Since when does a policeman gain any kind of credibility as a technologist in the first place?

Did he acquire special powers of persuasion while doing his police work perhaps?

Would the people who did invest, now out of pocket, not want the company to account for misleading them? Or, have they done all this in such a way as to not be held accountable?

And since his first failure or mis-adventure, how is it that he's even allowed to continue presenting candy like investment opportunities for other technologies that are just as unlikely?

Are there not scientists who are able to advise on such emerging technologies? That they are feasible, technically coherent, and able to produce a return on investment?

The reason I ask, what impact has Powerbeat had on people who do have good ideas and their ability to attract investment capital? Surely, anyone now who's got a good idea might be viewed as another Powerbeat?

[Chairs]

And the Megamantis scheme for recycling of existing technologies.

Is this guy banking on people not checking up on the technology? Does he think New Zealand's so isolated, that people won't bother? Or, that no one's going to spend the time digging deep enough to find the facts, and see through his "reality distortion field". Take this statement made during the demonstration of Megamantis to an audience including "Helen Clark ???"

"remember this night."

"This is the beginning of the changing of the course of history in free-space communications,"

No, you stole that line of sorts from "Steve Jobs" - it works for him, because he's got a long line of accomplishments! At an event with such distinguished guests, couldn't you scrape together something more original ?

So .. to anyone the wiser:-

- Who owns the patent to the LED's he's using ?
- Where it's at in the developmental process ? That it might be more stable one day, but another 10 years down the path and nothing to do with any of his efforts - morelike, the US military have been crawling all over it for years and are unlikely to want to cut him in for a piece of the action.
- What about "Lasing thresholds", which depends on several factors, including current and ambient temperature?
- What about a bird flying through it, when the carrier is broken anything hanging on it will receive incomplete data - like headers for an image, what happens to the rest of the feed and how does any device or application make sense of partial data without the need to 'start all over again'. Like downloading a DVD at lightspeed, but with bits missing, it'll make no sense - it won't just skip a track, it won't work at all!

The fact that it doesn't work when its raining, and in New Zealand that would seem to be seventy percent of the time.

That he shakes off skepticism expressed by "Paul Budde", one of the worlds leading authorities on telecommunications?

Is that what investors watched him do when the battery idea was floated? did he "shake off the skepticism" then too ?

At best, it's a cheap security camera transmitter, a gimmick - forget heavy duty applications, bet your life on the data this baby sends and it'll be a quick trip to the crematorium.

It's tragic because there are people out there who genuinely have got great idea's - but this guy, all by himself, is wrecking any opportunity they've got to obtain investment capital in New Zealand.

And, now property investment? - using funds originally ear marked for product research and development, only goes to show he has no confidence in any of his latest line up of schemes to produce sustainable cashflow in the "medium" term. That should be warning enough for anyone considering throwing this puppy more bones to chew up.

[Toddy]

Chairs

No one is throwing anyone any bones. We are saying that after a number of years that we would be happy for Powerbeat to bring a product to the market and make some money for the long standing shareholders (unlike the DVI, and we all know about the success of that).

I wrote my investment off over a decade ago and any unlikely return now would be a bonus and drinking money.

[easy money]

GOOD morning todd...i see that powerbeat have just updated there www.megamantis.com and www.chaizer.com websites....looks like good progress is being made...2007 could well be a successful year for powerbeat

[Toddy]

Will take a look at the updated websites and am more than happy to share in any progress.

I had a good laugh the other day (or cry), when we were unpacking the container that has been sitting in Wellington for the last eight years I came across all of these old Powerbeat annual reports, news clippings etc. I read most of it again then binned it all except for the front page of the 'NZ auto and car' magazine dated July 1996.

I had to keep it for some motivational reason as it almost seems criminal now. On the glossy front page is one large picture of Peter Whitehira grinning from ear to ear and underneath in large print the words simply say 'SURVIVOR'.

This guy cost me my shirt and everything else I ever owned at the time. I must have been the biggest mug in Wellington. But looking back he taught me the lessons that have made me a very successful person.

Survivor at the expense of every person that invested hard cash into his company and many others hurt along the way.

If he ever does make money for shareholders then I'm not going to shake his hand but will shake my head.

[whatsup]

Well said Toddy ,wasnt PW a policeman in a former life?

[Toddy]

Easy Money

Its that time of the year again. And this time I am in NZ so I willl make a trip across the hill to the Waikato for the circus act this Friday.

I just have one question for the clowns running this company.

In the year just ended the circus made its was through $1mil in cash (lucky them, managed to capitalise most of the expenditure to come up with a nice figure for the p&l).
The circus accounts show that there is no cash left in the biscuit tin (the monkey stole it), so what is left in the bag of tricks to re-capitalise the company given that they have already sold the animal farm off.

Love the annual report as usual, lots of great inventions all about to be liscenced......... emm, where have I heard all of this before.

I'm off to the $2 shop to buy a clown nose.

Who's going to join me.

[living2]

Funny ,I was driving past their building @ Hamilton Airport yesterday and started wondering what the clowns were up to.Love to join you but don't I won't wast my time.Disclaimer Laughter is the best medicine :)

[Toddy]

Funny ,I was driving past their building @ Hamilton Airport yesterday and started wondering what the clowns were up to.Love to join you but don't I won't wast my time.Disclaimer Laughter is the best medicine :)


You will miss out on your free award winning 'never go flat battery'. They still have 100 container loads sitting out the back to give away.

[redzone]

I was at Hamilton airport a few weeks ago...I notied the building across the road with Power Beat written across it...it also said the building was for sale...mmmm..had a mate who took part in the IPO...when they were $18 dollars a share I begged him to sell...wouldnt listen so I phoned his wife while he was overseas...she sold them them for around the same figure...when the old boy came home some week or so later the **** had dropped out of the share price...he phoned and asked if I had heard any reason for the drop...(his Mrs had been to scared to tell him she had sold them...she didnt know the price had dropped.)I told him he should talk to his wife ...he did...problem was he nearly rooted me instead of her he was so thankful...and he had a bucket load.

[living2]

You will miss out on your free award winning 'never go flat battery'. They still have 100 container loads sitting out the back to give away.

Dawmmm,I often need one of those never go flat ones tooo

[Toddy]

I was at Hamilton airport a few weeks ago...I notied the building across the road with Power Beat written across it...it also said the building was for sale...mmmm..had a mate who took part in the IPO...when they were $18 dollars a share I begged him to sell...wouldnt listen so I phoned his wife while he was overseas...she sold them them for around the same figure...when the old boy came home some week or so later the **** had dropped out of the share price...he phoned and asked if I had heard any reason for the drop...(his Mrs had been to scared to tell him she had sold them...she didnt know the price had dropped.)I told him he should talk to his wife ...he did...problem was he nearly rooted me instead of her he was so thankful...and he had a bucket load.

Yes, I bought at $18 when I was a youngen. Then averaged down, and down, and down.

Maybe Peter Whitehira is moving the company back to where it came from................ the garage in his backyard. Back to basics management, low cost etc. Maybe he can drawdown a Police wage to fund the next invention.

[easy money]

Hi todd..nice to see you have not lost your sense of humor....did you make it to the agm..

[Toddy]

Hi todd..nice to see you have not lost your sense of humor....did you make it to the agm..

Yes, I made the trip over the hill to the mighty Waikato.

The meeting was very unprofessional, lots of yelling from both sides, short on facts, and lots of dreaming.

However, it was very entertaining and there was a great spread.

Megamantis, U click etc are still progressing. Closer to commercial deals than ever before. But nothing signed.
No money in the bank.
A shareholder is buying 10% of the company at 50 cents per share to fund them for the next year.
They have this new technology called 'Eddison glow' based on the megamantis technology that switches lights off and on using plastic. Its makes sense so they maybe onto something here.
Tata is interested in the old extrusion engine. This also may come to something in the future.

To be continued next year.

[easy money]

You know Todd there is even progress being made with the original battery...The "7th" cell "never go flat" battery is being reworked and may yet go into production....You may not have to wait till next years agm...an egm is more than likely...WWW.POWERBEAT.COM

[Toddy]

Easymoney

Don't get me too excited. There was some battery talk around the new car that Tata was working on.

If there is an 'egm' then we will have to hook up over a beer.

I could sure use a never go flat battery on the orchard.

[Dr_Who]

I remember this circus show a number of years back when it was listed on the market. I am surprise it is still breathing today.

[Toddy]

I remember this circus show a number of years back when it was listed on the market. I am surprise it is still breathing today.

Dr

A good show can go on forever.

[easy money]

When Feltex went bust shareholders lost millions... was not run to well was it...any way this looks like another great idea....swallowcam....just posted on there web site....www.powerbeat.com

[whatsup]

P----Bleat is all about P W being kept on the pay roll drawing a cellery which he, IMHO could not be paid in the real world , he is IMHO a chief in his own fyfdom with absolutely no one to answer to and will be there until the money(wages) run out ,then will pop up some where else with another bs invention.