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One would hope, but I cannot see this company pulling itself out of the muck. And that is just my humble opinion.
And I must agree. Eventually it will all come out. Just desserts, Karma -- whatever.
IMO.
There are some interesting things going on behind the scenes.
Eventually it will come out, so this is just a hold for now.
Productive discussion on this forum has been effectively killed, murdered, assassinated, so absolutely no reason to open the subject now.
Just wait a while longer and it will work out.
All just my opinion...
VV
Wow! I do?
Is that what I believe?
News to me!
VV
Maybe they have Employee Stock Options.
In any case, they're still involved.
That's what matters.
VV
Of course there are numbers. They aren't paying for their 2 executive offices and 2 employees with beer bottle caps.
There are none.......
Wonder when we'll get some numbers for the christmas shopping season
Ah... I have selective seeing and usually ignore anything that is written right there since it's usually just quotes or something not relevant.
Right up above in green
L2 update: Market data feeds have been restored but still working to correct lost historical data.
Thank you... wonder why its not showing here
20,000 traded at .004 and 80,000 at .003
For some reason ihub isn't showing 100,000 shares traded at open at 0.003
Even better, the costs must be very low.
Did you call and ask this? Find out anything else you'd like to share?
Actually.. the two left are renting offices in an executive suite where there is a common receptionist. And the office is not downtown LA.
And, I agree, thanking her for a "job well done" would be appropriate. She basically abandoned the ship before she sunk it.
Cannot run a company successfully when decisions are based on me me me.
All, IMO, of course. IMO IMO IMO.
I hope no one is in financial ruin for betting on a penny stock... that would be ill appropriated, no better than gambling in Vegas.
But if you're playing a game and you lose, that's fine. Me? I'm playing a game, so no worries.
In the meantime... a company that still picks up the phone, still has a secretary, still has an office on the 8th floor of a downtown LA office building, is still not bankrupt in my book.
The odds may be high but its worth the gamble for what little pocket change I've thrown at this one.
I can't believe anyone is posting here on this POS...
I think everyone that was left holding the bag send Nancy a thank you note for sending them down to financial ruin...WTG!
did the paint dry, lol?
Bankruptcy is bankruptcy when it is filed. You will know if it happens.
I still have that bridge for sale. Anyone interested?
Does no activity = bankruptcy? I hope not - I am one of the unlucky bag holders still waiting for some kind of recovery (slim chance is better than no chance).
I must ask is that "Hurray" or did you really mean "Hurry Away..." as you were thinking of this gem...?
Happy Ney Year all...or few......
zagdad
Last day of trading in 2009 is closed and we are still here.
Hurray?
C'mon. Let's go bridge shopping. I have a couple I'd like to sell you.
you forgot the emphasis on the new MANagement
lol
Management? Seriously? It was her MISSManagement that got the company into the crapper. Let's hope and pray somehow, someway, educated, experienced and SMART Management makes its way into this mess. I'm also waiting for the Easter Bunny.
I got a new hockey stick
Excellent point on the "soon" but I just assumed, based on the past, they would interrupt that as like months..not years...lol...I'm sure they read this board daily to see the interest in their business accume.
The fact that I'm still here means I obvously closed my ears and muttered ..."la-la-la-la-la-la-la...I can't hear you" a few months ago...bad decision so far.
Have a Happy....zagdad
Sounds fun, I tried a remote controlled helicopter once. It was a very expensive 1 hour of play before I broke it! LOL
And why do you want to hear from management so soon? Let's wait until after the new year that way I can still go out and have a good time.
..and a Merry to you and others also...and I got a little remote plastic helicopter that is so simple it should have been on the TV promo's list ...actually I think this one was sold by Brookstone but damn fun to just sit and zoom it around the room - can't wait to chase someone's cat or little too yippee dog around ...to get even with their behaviour only of course.
Come on management, tell us what the F! is going on!
zagdad
Merry Christmas,
Anyone get any cool toys or gadgets?
Maybe a Tool Band-it? LOL
Old Spice, Yes, I agree, no more doubt about UP.
VV
No, it's moving up! I like it!
Their phone still works. A pleasant sounding secretary picks up on the second ring.
Give it a shot...
Pretty thin on the ask.
that buy must have hurt someones account, lol. Commissions probably cost more than the stock
VERTICAL BRANDING INC
Price: 0.005 0.00 0%
Bid: 0.005 [+]
Ask: 0.0089
Open: 0.005
Volume: 5,000
Well, at least it has stopped sinking...
Not quite the same as moving back up. Looks like it found a bottom.
CNBC just did a short piece on OUTLET MALLS and how they have been the ONE bright spot on the consumer retail landscape. VBDG makes the type of products that would be found there. At least they used to.
Wish we would hear something about their current situation: moving product or not, survivability, etc.
Good Luck.
VV
As I recall Santa has only one bag.
LOL
VV
Who's ready for a 250 bagger this Christmas =D
Sorry- check my PM to you
Well yes the quantity of people who are left is very small but I would have thought you or one of the other (three?) people that are left would have tried to find something out. I pretty much hand delivered a ton of important information to you guys and what do I get in return?...laziness.
=/
hmph
The level of effort is corrolated by the amount of investment that is left here, lol.
I'm very impressed by the level of DD being done by people other than me... keep up the good work guys.
Tell me about it.
This is getting depressing...
big day, lol
Volume: 800
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Overview
Vertical Branding sells As Seen On TV products directly to consumers via television advertising, and to distributors via their current partner P2F Holdings.
Products
Extreme Beam Flashlight, Hercules Hook, MyPlace Cozy, Steam Buddy, Tool Band-it, Zorbeez Streak-Freez
Relationship with P2F Holdings
Per contractual agreement [sec.gov/Archives/edgar/data/1125532/000135448809000619/vertical8k.htm], Vertical Branding allows P2F Holdings to distribute their As Seen On TV products to big box retailers in exchange for royalties. These retailers include Bed Bath & Beyond, Macy's, Staples, CVS, Shopko, Bestbuy, Walmart, TrueValue, Bealls, and Anna's Linens. P2F Holdings has assigned Milen, a new division, to manage operations as a result of this agreement.
Websites
Vertical Branding: www.verticalbranding.com
P2F Holdings: www.p2fholdings.com
Milen: www.milenasseenontv.com
Contact Information
Vertical Branding, Inc.
12100 Wilshire Blvd
8th Floor
Los Angeles, CA 90025
Phone: 310.806.9297 [Chris Lipp]
Fax: 818.926.4885
Email: info@verticalbranding.com
Pressing Issues
On October 14th Vertical Branding filed a Form 8-K [sec.gov/Archives/edgar/data/1125532/000111650209001567/vert_8k.htm], stating that despite the contract with P2F Holdings, attempts to restructure their debt have failed. As a result, the company's Board is presently reviewing the company's options for reorganization, recapitalization or other methods of deriving value from the company's assets to satisfy the company's liabilities. Because of its working capital shortage, the company has substantially reduced operating expenses by laying off all but three employees and by suspending various operations. In addition to this news, Nancy Duitch resigned as CEO and Alan Edrick has resigned as Board Director. No replacement CEO has been named at this point.
There are currently 4 foreseen paths for the company
1. As a result of weak sales, poor management, and current debt liabilities, Vertical Branding will be brought to bankruptcy court by Gottbetter Capital Master Ltd., subsequently resulting in a filing of Chapter 11 and a total loss for all shareholders.
2. As a result of weak sales, poor management, and current debt liabilities, Gottbetter Capital Master Ltd. will hold the option to purchase 3.615M shares of common stock at the exercise price of $0.025 in order to settle the debted amount of $2.26M.
The previous 2 scenarios are considered the most likely of the 4. Unless something changes [see path 3 & 4] it can be assumed that Gottbetter Capital Master Ltd. will review these two options at or around December 15th, 2009, and decide which
is in their best interest for recovering the debted amount of $2.26M.
3. As a result of increased sales, reorganized management, and restructured debt payments, Vertical Branding will provide a corporate update stating their increased growth, financial security, and etc., subsequently resulting in a surge in the price of
common stock due to restored investor confidence and buying.
4. As a result of weak sales, poor management, and current debt liabilities, Vertical Branding will be purchased outright by an outside entity at a discounted price per share.
The previous 2 scenarios are considered the least likely of the 4 and are completely unsubstantiated by hard facts.
Argument supporting survival scenario [highly speculative]
Vertical Branding is a very small corporation, especially in light of the announcement that only three employees continue to work from this point forward. Small corporations are able to continue operations even in the most dire of times. This hibernative
state is generally referred to as survival mode. The company should be able to make debt payments fairly easily just by running this skeleton crew. While this does not translate to growth, and could even translate into staleness, it does drastically
reduce the chances of bankruptcy. Since Vertical Branding is now, primarily, a research / design / promotion company, the need for a large office space has dwindled. They may even take up the same roof as Milen, of P2F Holdings, in order to
consolidate efforts and costs. Additionally, P2F's vested interest in Vertical Branding is immense. They are, after all, the reason that P2F is able to stock the shelves of hundreds of big box realtors and keep a majority of the profits. This parasitic
relationship may prove fruitful for Vertical Branding in ways yet to be realized.
Moreover, via direct email correspondence with Milen, it has been learned that Vertical Branding's newest product, [as well as Billy Mays' last pitch for Vertical Branding], the Tool Band-it, will soon be advertised on television in a substantial manner in
anticipation of the holiday season. The Tool Band-it was featured on the Discovery Channel who in turn forecast up to $700,000 in sales per week. A link to this video can be found as follows:
http://www.youtube.com/watch?v=PGIGX-68Rwg [Tool Band-it specific information begins at 2:25]
Update
The following information has been dug up via some investigating
1. "P2F is negotiating a price to buy out all of their license agreements from VBI." [source is Mike Shurm, creator of the Tool Band-it, via contact with VBI]
2. P2F currently has 400,000 Tool Band-it units in their warehouse, as well as several hundred thousand "on water and order", current price for distributors/retailers is $12.50 [source is Michael Freede, President of P2F]
3. P2F has bought out the license agreement already for the Tool Band-it, "so we could control it if we were to spend the money and make the commitment while they were in financial trouble" [source is Michael Freede, President of P2F]
4. P2F has started a 60 day national television commercial campaign, priced at $500,000, for the Tool Band-it [source is Michael Freede, President of P2F]
The following questions remain
1. When is VBI planning on informing shareholders of this vital information?
2. What are the details of the sale of the license agreements? [flat fee, continued royalties for both direct sales and retail/distributor sales, etc.]
Please Note: some portions of the information found in this iBox are speculative in nature. Please follow your own due diligence and make decisions based only on your own deductions. Board moderator and assistants are in no way responsible for losses due to trading based on the aforementioned information.
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