QSGI, Inc.(fka QSGI)

306

QSGI, Inc.(fka QSGI)

306

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hotmeat

05/17/21 12:39 AM

Post #74,547

Re: #368: @dragoon76 - Really !!! Wow, didn't know that's what really

How's those Escrow Billions look in your account there?...oh crap!

Have fun waiting forever dumbass. LOL

Bob Underhill Free

10/28/16 8:07 PM

Post #74,545

Re: #74,543: @jaxstraw - Sherman gets 5 year officer/director bar.

Happy ending ?

jaxstraw

08/30/15 8:01 AM

Post #74,544

Re: #74,541: @jaxstraw - President Moshe Schneider commented that “Orange is looking

http://oesolutions.net/

President Moshe Schneider commented that “Orange is looking forward to entering the Florida market where I started my first business in the commercial refrigeration retrofit and maintenance business 14 years ago. I spent most of my career through 2011 in Florida. Initially Orange will establish a regional office in Palm Beach County.” Moshe added that “due to certain non-compete restrictions related to the sale of the prior business in 2011, Orange had not been able to operate in Florida until 2015.”
CEO Avner Harel stated that “while Orange will serve all sized clients in Florida, we look to establish relationships with companies having regional multi-location operations where we can be their full service retrofit and maintenance provider.” Avner added that “as with all our operations in the United States and Canada, we will help our clients obtain rebates and incentives under applicable energy efficiency programs.”
Orange provides its products nationally, through their website “Oesolutions.net”.

jaxstraw

04/28/15 7:26 PM

Post #74,543

Sherman gets 5 year officer/director bar.

IV.
In view of the foregoing, the Commission deems it appropriate to impose the sanctions agreed to in Respondent Sherman’s Offer.
Accordingly, it is hereby ORDERED, effective immediately, that:
A. Respondent shall cease and desist from committing or causing any violations and any future violations of Sections 10(b), 13(b)(2)(A), 13(b)(2)(B) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13a-14, 13b2-1 and 13b2-2 promulgated thereunder.
B. Respondent is prohibited for a period of five (5) years from the date of the Order from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act, or that is required to file reports pursuant to Section 15(d) of the Exchange Act.

http://webcache.googleusercontent.com/search?q=cache:xOYbEaa1OvIJ:https://www.sec.gov/litigation/admin/2015/34-74765.pdf+&cd=2&hl=en&ct=clnk&gl=us

jaxstraw

03/18/15 8:52 AM

Post #74,542

Re: #74,324: @jaxstraw - SEC Charges Company CEO and Former CFO With

Shermans case is still ongoing even if the stock is delisted.

http://www.sec.gov/litigation/admin/2014/34-72723.pdf

jaxstraw

03/17/15 3:12 PM

Post #74,541

Re: #74,540: @jaxstraw - With Orange Energizing Solutions moving back into Florida

jaxstraw

03/15/15 8:41 AM

Post #74,540

Re: #74,539: @BBLV - So these guys are still operating the business,

With Orange Energizing Solutions moving back into Florida I don't think this company is going to last too much longer even privately

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110199799

If Sherman is going to get sued they had better do it quick because I seriously think BK is around the corner ......except this time it will be Ch 7.

BBLV

03/12/15 2:39 PM

Post #74,539

So these guys are still operating the business, but we get stuck with a big empty bag?

Who's going to fire up the lawsuit?

trader1998 Free

02/11/15 9:04 AM

Post #74,538

Re: #70,054: @GoGo-KittyGrrl - LOL, so you're denying there were 2 recessions

sure seems like the markets are up, whats Sherman's excuse now, economy is too good?

trader1998 Tuesday, 12/06/11 12:36:05 PM
Re: GoGo-KittyGrrl post# 70010
Post # of 74537

so are you stating sherman simply had bad luck and poor timing, twice?

trader1998 Free

02/11/15 8:52 AM

Post #74,537

Re: #74,532: @Michi 1968 - We are stil alive!?my englisch is Not Good

Nein, tot

jaxstraw

02/05/15 2:46 PM

Post #74,536

Re: #74,535: @BBLV - No, lol

Every insider holding restricted shares took a total loss.

They never could get the restrictions lifted without being current.

Even the lawyer for BK must have never got a dime if he took payment in shares since they never were current since then.

I would expect multiple lawsuits hitting Sherman from some of these restricted share holders.

BBLV

02/05/15 11:59 AM

Post #74,535

Re: #74,534: @jaxstraw - Does anyone here care to admit just how

No, lol

jaxstraw

02/04/15 3:34 PM

Post #74,534

Re: #74,505: @Vish2 - On the brighter side once they fulfil SEC

Does anyone here care to admit just how many shares they possessed when this stock was cancelled ?

jaxstraw

02/04/15 3:32 PM

Post #74,533

Re: #74,532: @Michi 1968 - We are stil alive!?my englisch is Not Good

40 employees..... lol.

Michi 1968 Free

02/04/15 8:57 AM

Post #74,532

We are stil alive!?my englisch is Not Good ! Soory

jaxstraw

02/04/15 8:26 AM

Post #74,531

Re: #74,070: @sampson2 - I guess only time will tell who is

Is it time to look back ?

I guess only time will tell who is correct in their thinking...I can tell you this. They haven't folded. They haven't gone under, like some here would like. They are still operating, in an extremely difficult time to run a business. I guess we'll get to look back in 6 months, a year, 2 years, and see who is correct, and who is not...

BBLV

02/03/15 3:10 PM

Post #74,530

Re: #74,529: @Remote777 - Funeral for QSGI..

Try emailing their sales team from the link on their website. You'll get a response as if business is continuing as "normal". Hopefully Sherman doesn't F the employees too; seems like they probably don't know that their paychecks are going to bounce..

Remote777

02/03/15 3:04 PM

Post #74,529

Funeral for QSGI..
BBLV you say they are still operating?...There will OBVIOUSLY BE a lawsuit at some point with longs losing everything yet operations continuing if that even is the case. I question the operation continuing at the moment. I counted my losses long ago....too bad and sad...

Renee

02/03/15 9:33 AM

Post #74,528

Re: #74,507: @Renee - QSGI SEC Admin Law Judge Initial Decision to

QSGI revoked:

http://www.sec.gov/litigation/admin/2015/34-74189.pdf

BBLV

01/30/15 12:17 PM

Post #74,527

Stock is dead, done, zip, but they're still doing business. What does that mean for us, the shareholders (aka bagholders)?

I sent an email inquiring about IT equipment buybacks and they responded promptly and professionally asking me to submit a list of equipment for a purchase bid...

jaxstraw

01/23/15 4:10 PM

Post #74,526

Re: #74,476: @sampson2 - I'm pretty sure most C level employee's of

The news only gets worse for Sherman.....

The two partners he tried to screw over are doing unbelievably well in the gasket business and are now moving back into QSGI's home territory.

He's screwed.

http://www.prweb.com/releases/2015/01/prweb12442832.htm

Orange Energizing Solutions Completes Very Successful 2014
Expands Operations to Florida in January 2015

New York, NY (PRWEB) January 15, 2015

Orange Energizing Solutions (Orange) is a leading provider and installer of cost effective energy efficiency solutions for commercial refrigeration business applications, including those in the grocery, restaurant, C-Store, fast food and hotel industries. OES has successfully introduced its measures to Various Electric Utility Companies in the US and Canada, where by, having these entities implement these measures in their Energy Efficiency programs. Also, OES is conducting studies of saving-measures and efficiency alongside other energy-efficiency entities. Products include custom manufactured gaskets, strip curtains, night covers, door closers, anti-sweat controllers, EC Motors, LED lighting fixtures, gasket sweepers, handles, latches, hinges and custom door repairs.
Headquartered in New York, NY, with offices disperse throughout the United State allows the company to specialize in national and regional energy efficiency programs in the commercial sector. Orange is owned and managed by Moshe Schneider and Avner Harel who over their 25 years of combined industry experience have built a reputation for providing quality products, services and end-to-end solutions. As of December 31, 2014 Orange had additional offices in upstate New York, Virginia, Michigan, Colorado, Arkansas, Modesto California, Austin Texas and Winnipeg, Manitoba Canada. Orange is highly mobile and looking for expansion opportunities in the United States and Canada through participation in energy efficiency programs or serving national or regional chains’ retrofit and ongoing maintenance needs. Furthermore, Orange offers free consultation to all commercial businesses and help its clients utilize their facilities’ electricity consumption.
Revenue for calendar year 2014 reached $9 million. During the fourth quarter of 2014, Orange expanded operations and established its presence in additional energy efficiency programs including Ameren MO ActOnEnergy BizSavers program, Ameren IL ActOnEnergy Business program, Power Forward PSO Existing Facility program in OK and Energy Smart Grocer in RI. The company also continued adding products and services, including anti-sweat controllers with wireless monitoring features.
President Moshe Schneider commented that “Orange is looking forward to entering the Florida market where I started my first business in the commercial refrigeration retrofit and maintenance business 14 years ago. I spent most of my career through 2011 in Florida. Initially Orange will establish a regional office in Palm Beach County.” Moshe added that “due to certain non-compete restrictions related to the sale of the prior business in 2011, Orange had not been able to operate in Florida until 2015.”
CEO Avner Harel stated that “while Orange will serve all sized clients in Florida, we look to establish relationships with companies having regional multi-location operations where we can be their full service retrofit and maintenance provider.” Avner added that “as with all our operations in the United States and Canada, we will help our clients obtain rebates and incentives under applicable energy efficiency programs.”
Orange provides its products nationally, through their website “Oesolutions.net”.
Orange Energizing Solutions
1(855) GASKETS4U (427-5384)

jaxstraw

01/16/15 8:34 PM

Post #74,525

Re: #74,524: @trader1998 - i wonder if there is anyway sherman ever

The former CFO Cummings settled with the SEC for a 230k fine and a 5 year officer/director ban for a public company..

Sherman is fighting the same charges but he will most likely lose and get at least the same penalties.

The SEC is trying to keep him from doing this again.

trader1998 Free

01/14/15 11:47 AM

Post #74,524

Re: #74,521: @gr8f1 - Anyone need a shell company ticker for cheap?

i wonder if there is anyway sherman ever gets a chance to pull this again, i thought it was 3 strikes and you are out (intellesale, qsgi #1 and qsgi #2)

jaxstraw

01/14/15 9:52 AM

Post #74,523

Re: #74,522: @not one red cent ~NORC~ - Reminds me of PIHN...man there are a lot

When a dog says he is buying or holding you can bet the farm he has already exited and is selling into the pump....or trying to protect his rep for the next pump.

not one red cent ~NORC~ Free

01/14/15 9:17 AM

Post #74,522

Reminds me of PIHN...man there are a lot of pink scams out there that the people behind them never get prosecuted.

How the f*#& they can sleep at night is beyond me.

gr8f1

01/12/15 4:22 PM

Post #74,521

Anyone need a shell company ticker for cheap? Maybe we can get another "cinderella story" going! Looked good when I got in but instead of selling I became bagholder holding a bag of you know what: ( Doh!

jaxstraw

01/08/15 9:44 AM

Post #74,520

Re: #74,224: @sampson2 - I'm guessing within a couple weeks we'll start

Looks like that 'regular flow' is going to be share certificates into the toilet.

jaxstraw

01/07/15 7:34 PM

Post #74,519

Re: #74,518: @BBLV - The funny thing (not really funny now) is

He's a bullshit artist who has screwed everyone over who ever did business with him.
And I am still convinced he was in cahoots with hotdoggy to pump the BK deal to get the PPS up so creditors would accept the plan.

BBLV

01/07/15 5:17 PM

Post #74,518

Re: #74,517: @jaxstraw - Amazing....everyone is stuck with their shares even when

The funny thing (not really funny now) is that I have recent emails back and forth with Sherman and he keeps saying news is coming, news is coming. It sure came. And it bent us over and F'd us all.

jaxstraw

01/07/15 2:23 PM

Post #74,517

Amazing....everyone is stuck with their shares even when it is on the Grey Market.....just like I said would happen.

Any other stock where news came out the shares are going to get deregistered would cause a flood of selling to get out with any kind of salvage.

But here.....nothing because it is near impossible to trade on the GM.

Sherman totally screwed everyone.

jaxstraw

12/29/14 8:47 PM

Post #74,516

Re: #74,515: @trader1998 - There is NO bright side:

Market Cap of $2300.

Probably overvalued.

trader1998 Free

12/29/14 11:22 AM

Post #74,515

Re: #74,505: @Vish2 - On the brighter side once they fulfil SEC

There is NO bright side:

"QSGI’s violations are thus serious.As it now acknowledges, its financial situation from 2011 to 2014...was so precarious that it could not afford to comply with its reporting requirements. Id. at 3-5. This fact makes QSGI’s violations all the more serious"

Michi 1968 Free

12/28/14 5:37 PM

Post #74,514

What!?

Michi 1968 Free

12/28/14 5:19 PM

Post #74,513

Lol qsgi well run

jaxstraw

12/28/14 3:56 PM

Post #74,512

Re: #74,511: @Michi 1968 - Good or sec!?

It's totally over. The SEC has determined QSGI will no longer trade.

Michi 1968 Free

12/27/14 1:36 PM

Post #74,511

Good or sec!?

jaxstraw

12/27/14 11:59 AM

Post #74,510

Re: #74,505: @Vish2 - On the brighter side once they fulfil SEC

I think the question is now who sues Sherman first .

Doling out restricted shares for lawyers, management who are no longer employed, acquisitions, and past settlement decisions is not going to go over well when it is determined it was his actions that now will cause those shares to be totally worthless before the restrictions could be lifted and the stock sold.

This company will file for Chapter 22 before it is all over.

Renee

12/26/14 5:02 PM

Post #74,509

Re: #74,508: @jaxstraw - Sherman kept trying to play the same games

Exactly, Jaxstraw....the ALJ didn't buy the excuses. It was a thorough ruling.

jaxstraw

12/26/14 4:52 PM

Post #74,508

Re: #74,507: @Renee - QSGI SEC Admin Law Judge Initial Decision to

Sherman kept trying to play the same games and the Administrative Judge was having none of it.

Renee

12/26/14 9:35 AM

Post #74,507

Re: #74,330: @Renee - QSGI SEC Suspension:

QSGI SEC Admin Law Judge Initial Decision to revoke registration.

Very interesting comments....read!

http://www.sec.gov/alj/aljdec/2014/id726jeg.pdf

jaxstraw

12/24/14 10:49 AM

Post #74,506

Re: #74,505: @Vish2 - On the brighter side once they fulfil SEC

If they are delisted by having their registration revoked there is no 'relisting'

All shares are cancelled and cease to exist.

There is no brighter side....it is past the point of just fulfilling the SEC requirements Sherman thumbed his nose at that for years. Multiple warnings were then sent to do so were and ignored. They are now in an Administrative action phase for that also.

They can no longer just undo this by catching up on filings. There are penalties (revocation) being sought for letting the stock trade on inadequate information after being warned.

Vish2

12/24/14 8:29 AM

Post #74,505

Re: #74,504: @jaxstraw - That is not actually a choice any shareholder

On the brighter side once they fulfil SEC requirements after the case they can be back , that's my optimistic view , in next few months they may be de-listed & re-listed based on company actions.If the company is existing with 30-40 employees and the business is doing well it might happen, its my hope , I will wait and do not seek any advise on that one.

jaxstraw

12/23/14 8:15 AM

Post #74,504

Re: #74,503: @Vish2 - I will wait !

That is not actually a choice any shareholder now gets to make since it is near impossible to sell whatever worthless holdings they are stuck with.

Sherman really screwed the pooch.

All he had to do was file one simple paper and be able to stop reporting.

Instead he let it get so bad this stock is going to be either grey market for ever or lose its registration.

Either way waiting with worthless shares and eventually getting stuck with worthless shares is a 'plan' that every shareholder is now in.

Vish2

12/22/14 12:03 PM

Post #74,503

Re: #74,502: @jaxstraw - It's over and all shareholders will take a

I will wait !

jaxstraw

12/22/14 11:22 AM

Post #74,502

Re: #74,501: @Vish2 - 30-40 Employee company has to rebound after fulfilling

It's over and all shareholders will take a total loss here....mark my post.

Vish2

12/21/14 11:58 AM

Post #74,501

30-40 Employee company has to rebound after fulfilling regulations, mark this post , may be it will take time ..jmho.

Vish2

12/17/14 3:34 AM

Post #74,500

Any judgement dates? will it be in Jan'15?

jaxstraw

12/10/14 9:02 AM

Post #74,499

Sherman motion denied.

He did not even file a response to the OIP's opposition.

No money for lawyer or was the OIP's opposition such a convincing argument Sherman's lawyer realized his motion was a joke ?

http://www.sec.gov/alj/aljorders/2014/ap-2106.pdf

jaxstraw

11/25/14 6:58 AM

Post #74,498

Re: #74,497: @Vish2 - Revoked will mean total loss - why ?

A revoked registration by the SEC means a stock ceases to trade.

Only one company out of 2076 has made it back to normal trading once a temporary suspension was handed down for failure to file.

About 60% of 2075 left were revoked and the other 39.99% are languishing on the Grey Market where trading is nearly impossible and usually for subpenny if any trades happen to go off.

What you have seen of the trading going on since QSGI has been on the Grey Market is exactly what all trading will be in the future if that is the fate.

Practically non-existent since orders from buyers and sellers can not be matched.

The GM is a dead zone for stocks and is basically considered a total loss.

In the past 4 years and 10 months there have been 2076 SEC Suspensions where ALL stocks were sent to the Grey Sheets.

Of the 2076 Suspended stocks 882 remain on the Grey Sheets...

and 1201 stock registrations were Revoked (7 revocations from Admin Proceedings with no Suspension = 1194 from Suspensions).