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Yeah, but nothing is too surprising down here.
Yup...A real bummer.
WWOE88
Yep. It was delisted and is dead unless Goldman or someone activates things..........
Hey surfcast and everyone else,
How's it going? Just stopping in to say hello. Looks pretty bad here at VLNT.
WWOE88 aka Diane
No news for months here. Still looking around!
Thanks surfcast...This one's been a bummer. Too bad for us. It's been good talking with you though and hope to see you around somewhere on Ihub.
WWOE88
lOOKS TO BE DELISTED NOW.
Correction...Guess I shoulda' looked again befor posting. I just looked at my account this morning and now vlnt is no longer listed there, but was there a few days ago.
WWOE88
It's pretty weird how my brokerage account still shows this being in my portfolio because over the years when some of my other sub pennies have gone belly up they just disappear forever, but vlnt is still there.
WWOE88
Thanks! And thanks for checking this on as it has a history of running with little notice.
GLTY!
Thanks surfkast! Just checkin' in. Nice to see you do too. I do a lot of board surfing and if I ever see a mention of this stock anywhere I'll post it here immediately.
WWOE88
Thanks and GLTY!
Thanks 'surfcast'. I just found your PM. Too bad no one's heard a thing for so long. Every once in a while I'll check back.
WWOE88
Nothing solid since April 20th.
Hi everyone. Has anyone heard anything else lately? Just checkin' in.
WWOE88
nOTHING GOING ON. i WONDER IF gOLDMAN STILL HAS NAY INVOLVEMENT"?
~ Swan song ??
http://www.sec.gov/litigation/admin/2010/34-62246.pdf
GLTA
Stock appears tobe alive but Greay Sheet Trading is really tough.
I don't think so
Does this mean we are still alive?
WWOE88
635000 in volume since the halt.MM's trading shares no one on bid or ask.
There is no market maker so the price really does not mean anything. Try test sells and probably nothing will go through.
Possibly your broker will not even allow the trade.
Ok whats up here why do i see green on my pie chart?
Thanks molee,
Do you or anyone else know what this means in layman's terms?
WWOE88
Hey Bigass!!!
I just noticed myself there's been 550,000 shares bought this morning. All I can say is it's nice to see this and maybe they've got things traightened out and filed whatever they had to file with the SEC. I don't know anything about what's happening and wish someone who knows how to find out these things would fill us in. Good luck to you too.
WWOE88
Halt Date ............................................... Resumption Date .
4/20/2010 09:30:00 VLNT VIDEOLAN TECHNOLOGIE H10 5/4/2010 07:00:00 07:00:00
http://www.otcbb.com/dynamic/marketwatch/tradehalthistory.stm
http://www.sec.gov/litigation/admin/2010/34-62035.pdf
Trades on grey market
We'll have to wait and see how they respond .
GLTA
How was there activity this morning? Did someone respond to the SEC office action?
Who, What, Where, When, Why and How? That's what I want to know!
glta.
Thanks surfkast, I'll check over here once in a while and see if anything new comes up. Too bad no one could ever find anything out about what was going on with this stock. It's got to be the most hush-hush stock I've ever been into. Just like a big, long secret.
WWOE88
It may just be over for good.....
Has the Fat Lady sung her swan song, or are we still waiting to hear something. haha
WWOE88
We may see a great buying opportunity when she opens.May go really low!
:)
I'm hoping that's what'll happen for us.
WWOE88
Key word is temporary then: temporarily suspended trading
ATM will live to see better days...
Tim
MAYBE GOLDMAN FINALLY GETS A WAKE UP CALLAND SPINS THIS ONE OFF OR SOMETHING.
Hi surfkast,
I just heard on CNBC something about Steve Liesman breaking news that Goldman might not be in as deep chit as previously thought. Something about they were up front with their hedge fund or something from the beginnig so they don't look as bad as they probably really are??? LOL Anyway, thanks for getting back to me re my question. Yes, it would be great if they did do something with this stock and got the ball rolling, one way or another.
WWOE88
Apr 20, 2010
Pink OTC Markets News Service
Washington, D.C.— U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Release No. 61939 / April 20, 2010
The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on April 20, 2010 and terminating at 11:59 p.m. EDT on May 3, 2010:
V-GPO, Inc. (VGPO)
Valesc Holdings, Inc. (VLSH)
Venture Stores, Inc. (VENSQ)
Vertigo Theme Parks, Inc. (f/k/a Snap2 Corp.) (VTPK)
Videolan Technologies, Inc. (VLNT)
VisionGateway, Inc. (VGWA)
Vital Health Technologies, Inc. (n/k/a Caribbean American Health Resorts)
(CAHR)
VoiceNet, Inc. (VCNE)
The Commission temporarily suspended trading in the securities of the foregoing companies due to a lack of current and accurate information about the companies because they have not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies.
Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspensions, no quotation may be entered relating to the securities of the subject companies unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of these companies that have been subject to trading suspensions until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5720. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they should immediately communicate it to the Delinquent Filings Branch of the Division of Enforcement at (202) 551-5466, or by e-mail at DelinquentFilings@sec.gov.
They have to file and thney will be alright.Remember Goldman Sachs has their fingers in this one. Goldman in deep chit, so maybe they will finally do something with this one!!!
Is it really all over for us? Didn't the SEC link say something about them having 10 days to respond, or something like that?
Thanks,
WWOE88
Maybe Goldman Sachs is in bigger trouble than we know!
man I hate to see it go. thanks vlnt for the good times
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This company is believed to be a shell controlled by Goldman Sachs
There is no solid proof,only speculation.
Videolan Technologies Inc.
Authorized Shares, 505,000,000 From Deleware Secretary of State
Shares Outstanding 126.5 M accoring to etrade 3-27-07
Float: 65.8 M accoring to etrade3-27-07
Transfer Agent: Formerly Continental
New MM's last two weeks AUTO, FRAN, & VFIN on the line up as of 3-16-07
VLNT majority owned by Goldman Sachs, R/M with Avistar (AVSR) and CPI (Collaboration Properties Inc), a wholly owned subsidary of Avistar Communications Corp., maintains, supports and licenses the intellectual property used in the video conferencing systems (using Videolan hardware/software now called Avistar VideoLAN(TM)) that Avistar makes most thier money off of!!
It seems that AVSR, a publicly traded NASDAQ company owns the trademark for the newly created VLNT logo. Avistar Communications Corp. acquired the Videolan trademark from VLNT in Oct 2006. Which includes hardware and software.
CPI (Collaboration Properties Inc), a wholly owned subsidary of Avistar Communications Corp., maintains, supports and licenses the intellectual property used in the video conferencing systems (using Videolan hardware/software now called Avistar VideoLAN(TM)) that Avistar makes half their money off of.
Goldman Sachs uses their systems in thier Rediplus platform.
The "AvistarVOSTM technology" possibly infringes upon VLNT patents.
Goldman Sachs buys the majority of shares in VLNT.
More Info connecting Goldman Sachs with Videolan Technologies, Spears Lead, & Kellog, AVISTAR and CPI!!
Due to the Restrictions Impowered by the "Rights Agreement"(see agreement details below) a R/M post Feb 8th, 2007 is now possible
WebET, the firm’s electronic trading platform for futures, is gradually being integrated with Rediplus, which Goldman took over as part of its acquisition of Spear, Leeds and Kellogg several years ago. Rediplus currently has connectivity to all the major electronic futures markets in Europe and the U.S.; Goldman plans to incorporate Asian market connectivity into the platform later this year, complementing existing connectivity to this region through its WebET platform.
http://www.futuresindustry.org/fimagazi-1929.asp?iss=152&a=1029
Goldman is widely respected as a financial advisor to some of the most important companies, largest governments, and wealthiest families in the world. It is a primary dealer in the U.S. Treasury securities market. Goldman offers its clients mergers & acquisitions advisory, provides underwriting services, engages in proprietary trading, invests in private equity deals, and also manages the wealth of affluent individuals and families.
Goldman Sachs has added connectivity to several Asian financial markets to its Rediplus electronic trading platform. Starting in August, customers will be able to use Rediplus to trade futures in Australia, Hong Kong, Japan and Korea as well as cash equities in Australia, Hong Kong, Japan, Korea and Taiwan. Goldman Sachs expects to continue expanding the platform's reach in Asia, with Singapore's futures market slated for early 2006. Currently, almost 2,000 client sites in North America and Europe are using Rediplus for direct access to electronic stock, futures, options and currency markets. Goldman Sachs acquired the Rediplus platform when it bought Spear, Leeds & Kellogg in 2000.
From what I've seen in the SEC filings S,L & K has over 23% since 2000, hmmm!
http://www.secinfo.com/dRQYx.88.c.htm
Avistar Communications Corp. The Group's principal activity is to develop, market and support a suite of networked video communication services. The integrated suite consists of video and data collaboration applications and management software. It is managed by the AvistarVOSTM video operating system and is used by enterprises for interactive video calling, content creation and publishing, video-on demand and for integrated data sharing. The Group's wholly owned subsidiary, Collaboration Properties Inc, develops, maintains, supports and licenses the intellectual property used in the systems. The systems are sold directly to enterprises in select markets in 33 countries in North America, Western Europe and Asia. The Group's customers include the Bank of America, Boeing Corporation, JP Morgan Chase, Deutsche Bank, Goldman Sachs and others. Networked video communications systems accounted for 50% of 2002 revenues and Services, maintenance and support, 50%.
VIDEOLAN Technologies, Inc. (the "Company") is a development stage enterprise established to acquire certain technology and the rights to a U.S. patent application and several pending foreign patent applications for an analog video distribution communications system designed to provide real-time, interactive video to and from a desktop personal computer over local and wide area networks ("VIDEOLAN Technology"). Since inception, the Company has primarily been engaged in research and development.
The claims under VideoLan's U.S. Patent application for "bi-directional transport of video bandwidth signals" have been approved by the U.S. Patent and Trademark Office. The U.S. Patent (No. 5537142) was issued on July 16, 1996.
VideoLan Technologies, Inc. (the "Company") is a development stage enterprise established to acquire certain technology and the rights to a U.S. patent application and several pending foreign patent applications for an analog video distribution communications system designed to provide real-time,interactive
video to and from a desktop personal computer over local and wide area networks ("VideoLan Technology"). Since inception, the Company has primarily been engaged in research and development. On July 16, 1996 the US Patent and Trademark office
issued the Company a patent (No. 5537142) for a bi-directional transmission of video banded signals, including a switching matrix.
VideoLan's mission is to be the leading supplier of end-to-end high bandwidth multi-media distribution networking systems, providing cost effective visual communications solutions via transparent broadband switching and dynamic gateways to local and worldwide area networks.
Description of Business
VideoLan Technologies, Inc. is a premier developer of video conferencing and video broadcast solutions based upon its Metallic FiberTM transmission and broadband switching technology. VideoLan's technology enables broadcast-quality
transport of high-speed, bi-directional, real-time voice, data and video over existing unshielded twisted pair ("UTP") copper wire infrastructures. The Company's business strategy is to market the VideoLan System and to develop additional products utilizing its proprietary technology. Since the Company's
technology could be adaptable to additional applications, including home to home video, voice and data conferencing, it may undertake other initiatives in the future.
Videolan not giving up fight to stay in business
http://www.bizjournals.com/boston/othercities/louisville/stories/1998/01/26/story4.html
11/12/97 Videolan Technologies Inc/DE 8-K
This prospectus ("Prospectus") relates to 14,946,104 shares (the "Shares") of common stock, $.01 par value per share (the "Common Stock"), of VideoLan Technologies, Inc. (the "Company") that may be offered for sale by persons (the "Selling Stockholders") who have acquired such Shares by the conversion of certain shares of the Company's Series 1996A Convertible Preferred Stock, $.01 par value (the "Series 1996A Preferred Stock"), acquired in a private placement transaction. The Shares are being registered under the Securities Act of 1933, as amended (the "Securities Act"), on behalf of the Selling Stockholders in order to permit the public sale or other distribution of the Common Stock. None of the proceeds from the sale of the Common Stock will be received by the Company. See "Selling Stockholders," "Plan of Distribution" and "Use of Proceeds." The Common Stock of the Company is
traded on the Nasdaq SmallCap Market under the symbol "VLNT".
On October 21, 1997 the Company named Achille (AC) Tedesco to the board of directors. Mr. Tedesco will replace former board member John Glankler, who has stepped down due to increased responsibilities resulting from his promotion to partner of the law firm Sebaly, Shillito, & Dyer.
Authorized Shares of Common Stock Raised to 500,000,000
In October of 1997, the majority of the shareholders approved an increase in the authorized shares of common stock from 10,000,000 shares to 500,000,000 shares. Due to some conversions of the Regulation S 8% Convertible Debentures and the Regulation D Convertible Preferred Stock, the number of shares issued and outstanding as of November 10, 1997 is approximately 40,000,000.
On November 3, 1997, the Registrant amended its
Certificate of Incorporation to increase its authorized
number of shares of common stock from 10,000,000 to
500,000,000. The increase was required by the terms of
contractual agreements entered into by the Registrant
with certain of its preferred shareholders whereby the
Registrant agreed to take all actions necessary to
maintain a sufficient number of shares to permit the
preferred shareholders to convert their shares into
common stock.
On or prior to January 29, 1998, Norman Barkeley, Achille Tedesco and Jack Shirman resigned from their positions as directors of the Company. On February 17, 1998, Don Clark and James Cooney were appointed as directors of the Company effective immediately.
Open Letter to Shareholders Dated January 9, 1998
http://www.secinfo.com/dRQYx.79.c.htm
Dear Videolan Shareholders:
It is with considerable sadness and regret that I now write you to describe the status of Videolan Technologies, Inc. (the "Company"). As I'm sure you are aware, lack of continued funding has forced the Company to effectively cease operations. The senior management of the Company has agreed to stay on without compensation in an attempt to obtain maximum value for the Company. I would like to take this opportunity to review with you what has brought the Company to this position since my arrival in October.
During most of 1996 the Company operated without a President, Vice President of Engineering, or Sales and Marketing Executive. Mr. Ted Ralston, Chairman of the Board, served as acting CEO during this period. The Company underwent numerous management and personnel changes during that year. Your Board of Directors made a decision in the Spring of 1996 to hire an experienced executive to enhance the Company's ability to supply broadband video products to the market. I was hired in October of 1996 and given the charter by the Board of Directors to develop a fully integrated product company. On my arrival in October I found an excellent product, the VL2000, that had
been installed at key customer sites. However, as is typical of any new, highly complex product, the VL2000 needed continuing development efforts and marketing support. With the approval of your Board of Directors, the Company proceeded to hire a very competent Vice President of Engineering, a Vice President of Operations, and a Vice President of Sales and Marketing. This tem continued the product development and shipments.
The continuing deterioration in the Company's stock price and the failure of the Company's underwriter and principal market maker, Kensington Wells, precluded the Company from raising funds in a traditional offering during the first three quarters of 1996. By October 1996, the Company had spent nearly all of the funds obtained in its Initial Public Offering. The expenditures were consistent with those outlined in the Prospectus and the Company anticipated obtaining some form of additional financing as required. Therefore, when I arrived, besides the operating issues discussed above, the Company was
faced with the need to quickly raise additional funds. The video conferencing market had not developed as rapidly as expected and other companies in the industry were facing financial problems as well. This made raising additional funds under favorable terms impossible. The Company's management explored numerous ways to raise both short-term and long-term financing and finally had to settle for a Regulation D offering of a convertible security in the amount of $5.5 million. Several months later the Company was promised an additional
$4.0 million. When the money for the $4.0 million investment was in escrow and the papers were signed, the Company was hit with a shareholder class action lawsuit. As a result, the investors for the $4.0 million transaction immediately revoked the deal. Although management and the Company's attorneys believe the shareholder class action lawsuit has no merit, the suit scared away numerous potential investors. This left the Company with limited operating funds throughout 1997. However, the Company was able to secure a number of prestige customers during this time period as a result of advertising and product marketing. Such customers included the Pentagon, Time Inc., Andersen Consulting and Rockwell International, just to name a
few.
In an effort to broaden the Company's market position, the Company was able to acquire the assets of ImageLink, Inc., a supplier of low end videoconferencing systems. As a result of this acquisition, the Company received a $10.0 million multi-year product order. Deliveries on this order were recently started. This activity encouraged the Company's management to seek other opportunities for mergers, acquisitions or joint ventures. The Company even hired an outside consultant to assist in finding possible partners or investors.
Although a number of deals were discussed, no deals were ever
consummated.
During most of 1997, management of the Company continued to actively seek both favorable long-term and short-term financing. Between the class action lawsuit and the hostile takeover attempt by previous employees, management was forced to spend both time and funds on essentially nonproductive activities. Funding sources continued to be limited.
With the Company unable to find suitable partners and unable to obtain long-term financing, management was forced to resort to continued short-term financing. The terms of such financing allow for the conversion of preferred shares or debentures at a discount to market. With the short-term horizon these investors have, the result was a flood of shares on the market with a corresponding price erosion. The decision by your Company to proceed in this direction was based on management's strong belief in the Company's products and technology and the assumption that favorable long-term financing would eventually
become available.
Unfortunately, even though the Company's volume of business has
increased in the last few months, without adequate funds the Company could not continue to operate. The Company realizes that the action taken by management of the Company is not pleasant. However, we would not in good conscience ask employees to work without assurance of payment. The senior management has agreed to stay, without pay, to continue to find a viable solution for the Company's problem and we are in active discussions with numerous group that have expressed an
interest in the Company and its technology. However, any such deal will most likely not result in any distribution to shareholders due to the significant accounts payable that have accrued over the last several months.
The present management came to the Company because it believed in the technology and no member of management has benefited from the present situation. All of management's stock options are worthless. Our ownership value is no better than any other shareholder, and none of us have profited during this entire year. Any statements that you may have heard that management disposed of stock through a Rule 144 transaction are incorrect. Only investors who acquired shares of the Company through the Regulation D offering or recent Regulation S
offerings have sold shares in this manner.
We will continue to keep you informed of any developments.
Jack Shirman, CEO
Most Recent SEC Filings
http://www.secinfo.com/$/SEC/Filings.asp?CIK=946345&As=BFOCS&AsFiler=F&AsOwner=BO&As....
2/14/06 Wachovia Corp New SC 13G (Parent Holding Co Sold to?)
2/10/04 Prudential Financial Inc SC 13G/A
6/13/03 Dumont Dean S SC 13D
2/11/03 Prudential Financial Inc SC 13G/A
2/14/02 Prudential Financial Inc SC 13G/A
1/29/01 Prudential Ins Co of America SC 13G/A
2/14/00 Spear Leeds & Kellogg LP/BD SC 13G
2/07/00 Prudential Ins Co of America SC 13G
2/12/99 Spear Leeds & Kellogg LP/BD 13G
3/04/98 Videolan Technologies Inc/DE 8-K{3,5,7}
2/24/98 Herzog Heine Geduld LLC SC 13G©
12/05/97 Windward Island Ltd SC 13D
11/25/97 Videolan Technologies Inc/DE 8-K{7,9}
11/18/97 Legong Investments NV SC 13D
11/13/97 Videolan Technologies Inc/DE 10QSB®
"Rights Plan" Highlights revisited:
"The rights plan was adopted to protect the interests VideoLan shareholders and to help ensure that they receive fair
treatment in the event of a takeover attempt," said Jack Shirman, Chief Executive Officer of VideoLan. "The rights plan is not intended to prevent an acquisition of the Company for a full and fair price in a transaction that is in the best interest of the Company. The rights are not being distributed in response to any effort to purchase control of the Company and the Board is not aware of any such effort."
Under the plan, the rights would be distributed:
* Ten days after a public announcement that a person or group had acquired 15% or more (defined in the plan to be
an "Acquiring Person") of VideoLan's outstanding common
shares, or
* Ten business days after the beginning of a tender offer
or exchange offer that would result in a person or group
owning 15% or more of the outstanding common shares.
When distributed following the announcement of a tender offer,
each right would entitle the holder to purchase 1/100th of a share of newly issued Junior Participating Preferred Stock of VideoLan for a purchase price of $19.00.
Meaning a R/M post Feb 8th, 2007 is now possible
None of us are stockbrokers, nor licensed investment advisors. There is always a risk that you could lose your entire investment in any penny play. Be aware of the risks before investing money! There are no guarantees on any of these plays.
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