Home > Boards > US OTC > Delisted >

Verso Technologies, Inc. (fka VRSOQ)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 3/18/2013 4:46:36 PM - Followers: 3 - Board type: Free - Posts Today: 0

Verso Technologies, Inc., A technology company, provides communications network solutions to the carriers, enterprises, governments, and government related entities in the United States. It operates in two segments, Technologies Group and Advanced Applications Services Group. The Technologies Group develops softswitch, software, and hardware-based converged packet solutions that use various protocols, such as VoIP, VoIP based applications, and server devices that provide multiplexing and transport of voice and data services, as well as other protocols for specialized applications, which include global system for mobile communication and CDMA backhaul, and voice/data over satellite transmissions. Its solutions enable service providers to deploy converged communication networks. This segment also offers software-based solutions for Internet access and usage management that include call accounting and usage reporting for Internet protocol network devices. Further, it involves in the manufacture, sale, and support of the iMarc product line comprising asynchronous transfer mode, IP service units, and branch monitors that provide intelligent demarcation between carrier and enterprise networks, as well as develops, manufactures, markets, and sells broadband access solutions for computer networks. Technologies Group serves tier I telecommunications carriers, international service providers, domestic rural carriers, and Internet service providers. The Advanced Applications Services Group offers outsourced technical application services and application installation and training services. The company was founded in 1983 and is headquartered in Atlanta, Georgia. Verso Technologies files Chapter 11 Verso Technologies Inc., a provider of network products to telecommunications service providers, filed for Chapter 11 bankruptcy reorganization Friday in U.S. Bankruptcy Court in Atlanta. The filing came three days after Verso (NASDAQ: VRSO) reported that its accountant included a "going concern" clause in Verso's recently filed 10-K annual report. On April 15, the company reported that in 2007, it lost $27 million on revenue of $50.6 million. In 2006, Verso lost nearly $18 million on revenue of $42.5 million. In its Chapter 11 petition, Verso listed total assets of $34.3 million and total debts of $36.7 million. The company has 72.8 million shares of stock outstanding. As of Monday morning, the shares were trading at 41 cents.
PostSubject
#50   VRSOQ: Plan of Bankruptcy effective. All shares cancelled: Renee 03/18/13 04:46:36 PM
#49   Have you noticed the spike here the last IamtheWalrus 09/07/10 02:37:42 PM
#48   Waiting....... IamtheWalrus 06/30/08 02:37:20 PM
#47   Bankruptcy or Receivership, Triggering Events That Accelerate or Increase JoeBlack 06/26/08 06:33:48 PM
#46   MAJOR DIRECT HOLDERS (FORMS 3 & 4) JoeBlack 06/18/08 08:48:52 AM
#45   Form 8-K for VERSO TECHNOLOGIES INC JoeBlack 06/05/08 09:04:29 AM
#44   VERSO TECHNOLOGIES INC Financials JoeBlack 05/30/08 09:18:17 AM
#43   A must see IamtheWalrus 05/22/08 04:45:59 PM
#42   I noticed Hudson HDSN was on the ask MasterBlastr 05/08/08 10:04:22 PM
#41   No longer on Grey Market, check it out, everett7 05/08/08 08:55:58 PM
#40   Looks like some weakie panicked. This will MasterBlastr 05/08/08 10:42:47 AM
#39   First trade .0001 cents??? 4000 shares? everett7 05/08/08 09:45:49 AM
#38   Looks like the Yahoo board may be going MasterBlastr 05/07/08 03:32:48 PM
#37   Anybody out there? Any word on resumption everett7 05/05/08 06:30:53 PM
#36   http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYzb_NMljf8s amc 04/29/08 07:41:54 PM
#35   and still being sold off! trder1 04/29/08 10:44:52 AM
#34   hmmm should be good for a double or TrevorInAustin 04/28/08 11:42:21 PM
#33   . color=black** More VRSO NEWS! GoldenZ 04/28/08 06:43:17 PM
#32   guess that explains the massive dumping today. Art2Gecko 04/28/08 06:34:07 PM
#31   . color=black** More VRSO NEWS GoldenZ 04/28/08 06:31:51 PM
#30   . color=black** VRSO NEWS GoldenZ 04/28/08 06:31:20 PM
#29   Consolidating strong IamtheWalrus 04/15/08 02:21:20 PM
#28   .14x.15 Moving on news...earnings tomorrow. retireat40 04/14/08 12:24:38 PM
#27   Apr-08-2008 DOJI JoeBlack 04/09/08 09:34:07 AM
#26   Verso Appoints Steve Langion to Senior Vice President, JoeBlack 04/05/08 08:47:44 AM
#25   Verso to Reschedule Fourth Quarter 2007 Conference Call JoeBlack 04/05/08 08:46:39 AM
#24   Form 8-K for VERSO TECHNOLOGIES INC JoeBlack 04/05/08 08:45:57 AM
#23   Verso Announces Fourth Quarter 2007 Conference Call JoeBlack 04/05/08 08:45:09 AM
#22   Form 8-K for VERSO TECHNOLOGIES INC JoeBlack 04/05/08 08:44:01 AM
#21   price has nearly doubled since news. I read mike_d 02/21/08 10:53:31 AM
#20   $1 looming.. George1234 02/21/08 01:24:16 AM
#19   Got in today. This stock is looking good danny_tx 02/20/08 04:10:31 PM
#18   chart has formed a pincher. waiting for rsi mike_d 01/18/08 04:39:18 PM
#17   Of the last 22 insider tranactions, 21 have mthead 01/01/08 12:12:50 AM
#16   If anyone's actually interested in Verso, this board mthead 12/31/07 11:47:02 PM
#15   VRSO Technical Indicators from BarChart.com...88% Sell mthead 12/31/07 11:41:51 PM
#14   VRSO Chart mthead 12/31/07 11:34:08 PM
#13   Verso Receives Notice From NASDAQ mthead 12/31/07 10:02:50 PM
#12   This one is ready to heat up.. dell12 12/31/07 06:45:26 PM
#11   Thats a very funny story. BTW I was StormyMonday 08/30/07 11:42:12 AM
#10   You have good taste in music IMO. I'm mthead 08/29/07 11:27:53 AM
#9   mthead,now thats a SN which I sould have StormyMonday 08/29/07 11:07:18 AM
#8   Thanks Stormy. I sold VRSO so long ago mthead 08/29/07 10:56:18 AM
#7   Me thinks you should look at this again... :) StormyMonday 08/29/07 10:27:14 AM
#6   go go VRSO pontius 09/14/05 09:18:31 AM
#5   i am in waterbug 09/13/05 11:43:46 AM
#4   VRSO !!!! pontius 08/22/05 11:14:06 AM
#3   You look lonely here, hardasset. I ran across mthead 08/20/05 07:04:36 PM
#2   vrso - MasterBlastr 08/08/05 10:07:49 PM
#1   Not every day I can break in a MasterBlastr 08/08/05 04:11:00 PM
PostSubject
Consent Preferences