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First link I cannot access. Your link is broken, please check on that, thanks.
The second link talks about Vinification Ventures Inc o.O
This was there last filing in MA:
http://corp.sec.state.ma.us/corp/corpsearch/get_pdf.asp?pdftype=.pdf
The company went into chapter 7 bankruptcy(or at least attempting to) last April.
http://www.bostonherald.com/business/general/view/20100416traveling_vineyard_in_bankruptcy/
And so it goes.
Actually if we keep posting how ridiculous it is to own this it may go down as soon as tomorrow.
It might pop up from all the pumping right now but yeah, eventually it will go down. Won't go too low with bagholders refusing to sell at a loss though. Gonna suck for them.
Are you saying this one will go back to .00's?
Yeah, no filings, not even an sos change within the last 2 years, there are much better plays to pump, people are getting desperate for plays
Doesn't need to be huge volume, just little selling over time.
Prove it? Huge vol days or a schedule 13 was filed zayin they're out? Lol
Check it's chart months ago
Curious if nothing at all is going on and it's just a sitting shell now or if there might be up something. Sometimes shells sit for years and years.
I'd usually prefer to invest in shells on filings or if they filed recently. This one apparently didn't since 2006?
voxr started lower than that, it was a pos that was pumped JUST LIKE THIS ONE IS BEING PUMPED.
The investors have sold out of this or have charged off their losses. People don't go back to investments they ignore for 4-5-6 years. It was ignored for a reason.
you posted that this is the next VOXR but that's only at .03? not trying to be smart. just asking.
No filings since 2006, no info, DD based on info from 5-6 years ago and one sos change 2 years ago, you are crazy if you think this is a good shell still, somebody put money in this way back when and is now trying to make some of it back and get out. Don't be a bagholder.
Nice indeed, I'm a 40(sometimes 70) hour work week man so learning charts is a slow process but I am learning.
Thats quite a ramp.
GEER chart, check out accumulation distribution!!! 5 year daily: http://www.profitspi.com/stock-chart.aspx?id=GEER&ca=496861987
Judging from fridays action we are seeing the start of a nice move.
Monday looks like it will be fun.
I think there is... we are going majorly north this week
I was looking at the 5 year chart as well, some huge spikes in there. Not to get off topic but after watching Wamu I learned about the value of NOL's.
IMO there may be huge upside from the current PPS level.
GEER major DD: Price target $1: Abacus Asset Management and PAI entered GEER in 2005/2006 at a strike price of around 1.00, just look at the five year chart. 2) The reason they would do this is because they saw that this shell was going to have good net operating losses as an asset. The NOL's, as came out last April, are up to $6M. If $6M in NOL's were applied to revenue, you would recieve about $2M in income tax free making it at least a $2M asset.
PAI entered GEER at $1.00, valuing it at the time over $3M.
My estimate is that since we don't know when PAI will pull the trigger on a R/M here, a .30 target is respectable as this shell has assets within it. If a private company moves into this, yes the current shareholders will be diluted a bit, but PAI is going to be looking for a company worth a lot more than just $3M or so to get their money back.
The 5 year chart really shows a lot, the PPS was over 1.00 for a long time, even though this was still a shell in 2005 and 2006, the only reason is becaue we can see the volume, it was PAI and Abacus buying in....which of course, those filings have been made which is awesome.....so there is no denying it.
PAI put in about 750 grand into this shell. They have big plans.
Very good info there showing the comp went private. Under 4mil O/S the potential here is staggering imo.
I love shell plays, they've made me great bank numerous times.
From the last 8k issuing a PR on the 15-12g
GEER is now a clean shell with no debt or assets. It is one of the cleanest shells I have seen to date.
CANTON, MA, September 30, 2003 – Geerlings & Wade, Inc. (Nasdaq SmallCap: GEER) (www.geerwade.com), the nation’s largest direct mail and Internet retailer of premium wines and wine-related products to consumers, reported that it plans to become a private company by filing a Form 15 with the Securities and Exchange Commission (“SEC”) today to deregister its common stock and suspend its reporting obligations under the Securities and Exchange Act of 1934. The Company expects that the deregistration will become effective within 90 days of its filing with the SEC.
Upon filing of the Form 15, the Company’s obligation to file with the SEC certain reports and forms, including Forms 10-K, 10-Q and 8-K, will immediately be suspended. In addition, the common stock of Geerlings & Wade, Inc. will no longer be eligible for quotation on the Nasdaq SmallCap Market. The Company anticipates that its common stock will be quoted on the Pink Sheets following today’s Form 15 filing and subsequent delisting from Nasdaq SmallCap Market, to the extent market makers commit to make a market in its shares. However, the Company can provide no assurance that trading in its common stock will continue.
Huib Geerlings, President and Chief Executive Officer, stated: “After careful consideration, the Company took this action because the disadvantages to our shareholders of continuing as a public Company far outnumber the advantages to them. The burden placed on the Company, given its size, for maintaining its public status is considerable, from a financial and strategic standpoint. Considering the lack of analyst coverage and the very thinly traded nature of our stock, the Board of Directors believes that the Company and its shareholders are not receiving a meaningful benefit from being publicly traded. We believe that our shareholders are better served with the Company being private, which will allow management to focus all resources on implementing the Company’s business plan and thus position the Company to enhance long-term shareholder value. The Company intends to update its shareholders with financial information on an annual basis.”
This report contains forward-looking statements about the Company’s business and operations and the Company’s future plans and objectives. Forward-looking statements are subject to risks and uncertainties that could cause the actual results to vary materially. These risks are discussed in the Company’s annual report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Geerlings & Wade, founded in 1986, is America’s leading direct retailer of fine wine and wine accessories with retail locations in 15 states, home and office delivery to 27 states, and a devoted...
Whall I luuked at GEER ah 7 day ahgo en saw nahthin wuz goin on buht I feal tha nead to cum back ahn set thangs striaght.
Tham gosh darn grapes prudused nothin!! AHH SED NOTHIN!!
Ahh hope,.. Fer mah betheren!.. Day dun naht buy thas stuck, cuz nothin here erks meh mor than saheein people mahkin mahney trahdin.
Go GEER! Mahmehtum??
Ahh ahlmost fergot thas waz ahll in mah ahpinion!!
No really tho, miniscule float, go GEER!!
Thank you, exactly. But not exactly. Vinification Ventures is riddled with debt. GEER is as the SEC filings show it. Geerlings was a very good SEC filer, he would have filed if GEER had ever taken on an additional entity that had caused it debt. GEER is perfect.
Whall ah sertinly ded not don by this becuz of tha purdy grapes!!
LOL!!
I love the concern tho. It's what drives a stock.
And damn, would it kill someone here to use paragraphs yeesh.
Wahls O text mahke mah ahe bleed.
ooops my bad... vinification ventures inc. wasnt a subsidary of GEER it was a simple name change by geerlings & wade to reflect the new line of business as opposed to the old online liquor sales business that was sold prior to the new venture called vinification ventures inc. sorry about the mix up...but still no merger or pre merger just a simple name change and GEER with its new name vinification ventures inc. w/ the state of massachusetts but not with the SEC as i bet Huiby never submitted the paperwork to FINRA is still riddled with massive debt as shown by the chapter 7 filing... a guaranteed dissolution in BK court
you keep saying merge like vinification ventures inc was a separate entity... geerlings & wade CHANGED their name to vinification ventures inc. on 9/2009... they didnt start a separate entity that was to be merged in... they made a simple NAME CHANGE... and youve been around long enough to know that unless ol Huiby submitted that NAME CHANGE to FINRA... GEER will be GEER as far as the SEC goes until cleared by FINRA... i understand that sos filings are tricky to comprehend but vinification ventures as per sos says that geerlings & wade CHANGED their name to vinification ventures inc. assumedly to reflect their new venture post selling of the online liquor business... they didnt incorporate a vinification ventures inc. and then merge in their own new corporation into a shell they already owned! why bother? change your name to reflect the new vineyards business and get's to borrowing money to set the world on fire w/ your new cash for gold styled home parties... except for wine.. which is what they were doing
http://www.blogwinecellar.com/2010/05/traveling-vineyard-going-out-of.html
im not here to fight you all can make up your mind as to what sounds real or not... im not bashing cuz i will not buy this ever... not at .0001 but there is another side to the story that wasnt presented here and this is it
vinification ventures inc. sos page
http://corp.sec.state.ma.us/corp/corpsearch/CorpSearchSummary.asp?ReadFromDB=True&UpdateAllowed=&FEIN=042935863
Look at my DD posts- I'm not the type to scam or try to run up stocks; rather I'm more concerned with finding accurate information on a company. What I believe has happened (and I could be wrong, and would appreciate you finding this data for me) is that GEER actually changed their name, after their 15-12G filing, but that they did not go through with merging with Vinification Ventures. I wasn't able to find any sort of SEC filing, and my understanding is that for these sorts of reverse mergers, a filing is necessary. Can you correct this understanding, if wrong?
However, I would like to confirm my suspicions with someone who has more experience in doing the necessary due diligence, so would you mind talking to this other DD'er? I want her opinion before I put my money into anything.
I am not long this stock, and I am not a professional, merely a student trying to learn good investing process.
Where does it say merged in? They changed the name of the shell on SOS in preparation for a merger with the PRIVATE COMPANY vinification ventures they set up but never actually merged it in. They would have had to file an 8k. THANK YOU FOR YOUR CONCERNS.
yeah its sad that people are not willing to just come out and say this is what it is... i suppose you wouldnt have the much needed bagholders then... but really 10 minutes of DD and you can tell this is garbage
look at massachusetts sos type in vinification ventures inc. and what does it say after the names of the officers? THIS IS A PUBLICLY TRADED STOCK marked with a X... under the GEER publicly traded name no less... vinification was a subsidary of GEER and its burnt like toast thats black
Nice DD work lattitdude.
All you have here are the same iHub player/players, who pulled the ole' VO*R con job, trying to repeat history...nothing more. It's just a matter of time before someone makes up a BS story about helping Huib Geerlings find an RM candidate....lol.
Ok, they would have filed with the SEC if a revenue producing entity had been part of the shell, do some basic DD man..
they 15-12G'd in 2003 and stopped all sec filings in 2006! type in vinification ventures inc at mass. sos... where does that lead you? right to GEER! do you see the X marks the spot by the THIS IS A PUBLICLY TRADED STOCK?
Do you have court documents proving that? They never merged the wine co into GEER, we would have seen filings. They were meticulous in their SEC filings up to that point. The wine company was probably destined to be merged in (Vinification Ventures) but never was because of its failure.
for one there never was any merger or pre-merger... its always been the same guy owning and operating GEER, Huib Geerlings... he sold off his online wine retailing business for 2.5 million and then decided to do a start up called vinification ventures inc. which became a subsidary of GEER... he then racked up 6 million in debt... probably had a couple of hundred thousand dollars in assets and called it quits filed for chapter 7 bankruptcy... not a reorginization bankruptcy (chap. 11) but a deadly chapter 7 (when all hope of a recovery is lost)... so what we got here is a symbol (GEER) with millions of dollars in owed money to creditors... that debt will be released from said creditors in 5 - 10 yrs down the road as a default that cannot be paid back as HUIB is now broke as a bum... but for now as this is still only a yr. old which is fresh by BK standards... those creditors will not roll over and just let this debt be erased from the books because they are nice people...and no one creditor is gonna want this "shell" until those debts to all of the other creditors is wiped clean... which will be after the amount of yrs. alotted in fed. BK court as a hopeless cause... cuz i doubt Huib Geerlings is gonna be able to get the scratch together in this miserable economy to repay the multiple of millions he owes... i will be willing to check in here every now and again for the next 5 yrs or so and i will bet dollars to doughnuts this thing will have no actual information that would provide for a true catalyst on the share price... as a matter of fact you can ask janice shell to look this over if you'd like? she can smell out a bad play better than anyone...or i can bring it to her attention... this is not worthy of a share price over the cost of the paper the share was printed on...
.04 close, nice day here. Float could be locked easily on this one with the low OS count. Next week should be intesting.
The bankruptcy benefits the value of the shell because it was pre-merger, such that none of the financial obligations or debts of vinification ventures are passed to the GEER shell. Speculation is not over merger with a failed wine company, but rather with other potential candidates.
sadly the winery has already went belly up! chapter 7 bankruptcy from april 2010...i looked at this one a month or two ago and there is absolutely nothing going on... here is the bankruptcy read
http://bankruptcy.lawyercentral.com/Traveling-Vineyard-in-bankruptcy-Legal-News--14-154334.html
will break 1.00 in a week or two IMO
.032's gone .04's up big spread again....
That's a better spread. Just need some volume to kicker in high gear.
GEER .023x.025 nice!!
Sweet hehzues, that's gotta be one tiny float!!
Just needs more volume and better bid action.
This should set off some radars. Thanks for the heads up hd, liking my .015's
Someone bidding 55k on the bid
GEER looking for a nice multi week move up as people realize the potential and bring this to a reasonable market cap, .30 or so not out of the question here
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