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I mean , there has to be a buyer for each seller right ?
Trades matched on the grey sheets
Could tour as a Megadeth tribute band, Viladeath. Lotsa dead time available after this coming Friday.
Europe is done for the weekend...and nothing yet. It looks like some heavy selling volume today too.
A difficult choice on whether to leave one's money to chance, versus selling off then taking a tax loss.
If the SEC puts out its Final Order late today or on Monday, trading could halt, with stuckholders left.
Volume up ticked today for whatever reason
Guess so. It's after 5 PM in Denmark. Gert's probably at the bar. Maybe he had a tough week.
Wonder when the SEC's final order against VIBI will hit. Tonight? Maybe on Monday morning?
>>> SEC's Order to Show Cause: https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
"If Respondent fails to respond to this order to show cause, it may be deemed in default, the
proceeding may be determined against it and the registration of its securities may be revoked."
Agreed, the SEC is “relentless” and “Annoying” but as
UnderR8D said, it “Is what it is” as it enforces its rules.
Thumbing its corporate nose at the SEC requirements
and correspondence, it has nobody to blame but itself.
Happy Friday to you & all!
GLTU/A
Is relentless..... Annoying
Is what it is at this point. Those who wanted out are out, those that held are holding , those that bought on the grays bought.
Everyone knows the odds with VIBI. Posting the same thing isn’t necessary.
"will be too late to recover any money for VIBI shareholders"
Sounds like a bankrupted ticker...trade until it goes to .0001
It seems like many have already taken any gains before the
suspension or in grey trading. Prolly rest will take a tax loss.
Extra time...for what? They were fully well aware
of what they were doing...for over two long years.
Damn embarrassing for CEO Gert or new Pres to
do an 11th-hour SEC beg to cut them some slack.
Glad the SEC is cleaning up the OTC. Even on its
own site, it mentioned dead or noncompliant firms.
If a company clearly doesn't want to be on the OTC,
e.g. comply with SEC rules, they should be private.
Why not be the Pres. of a private company unencumbered
by SEC rules the company obviously cannot keep up with?
The money is still the same green, it's just they won't have
to worry about answering to a higher entity re their fins, etc.
One reason why a ton of private companies stay private. It
also would get SEC, OTCM, whining SHs, etc. out of its biz.
So my understanding of what you are saying is this stock is done. Doesn't matter what happens today or tomorrow. There is no way to petition for extra time to respond. Just done as of this morning?
But why even bother if you have no intention of trying to save the company. Why accept a position as new pres if its just a paper position and your reputation is on the line. Things dont add up to a company that wants to fail.
No-one can accurately guess when the A.L.J. will revoke Vilacto Bio Inc.'s stock registration(s), but everyone can be absolutely certain that the A.L.J. will revoke Vilacto Bio Inc.'s stock registration(s).
Whenever the A.L.J. ruling occurs it will be too late to recover any money for VIBI shareholders.
Is that "soon" as in immediately? Maybe Monday?
SEC is definitely picking up speed with its actions.
I saw there was an SEC notice to the public about
more aggressive action toward the non-compliant.
The old adage about "the dog ate my homework"
doesn't work for firms ignoring SEC rules, notices.
Incorporations, whether private or public, usually require a BOD,
President, etc. People come and go, just like here. In that case,
a company would need to put a new Pres as the old one leaves.
A state SOS require current forms to keep a corporation active
on their books otherwise a company's registration would expire.
Companies have SOS obligations to exists as business, period.
State obligations for incorporated entities precede most higher
obligations. Federal demands (SEC, etc.) are a separate issue.
Vilacto was just doing the most basic of incorporation demands.
Today is just over a day for VIBI to answer the SEC before the
full effect of their order kicks in. Congrats to those who got out.
Those left with untradeable shares could take a 2021 tax loss.
There is no specific timeline for the A.L.J. to revoke a company's stock registration(s) after the A.L.J. posts the Order to Show Cause, but, the company's stock registration(s) will be revoked rather soon.
This is actually true. Not sure what the purpose was to appoint a new President and reinstate at the State level.
Seems at this point like a waste of time and money, unless something happens between tonight and Friday close of business.
How long does that process usually take? Is that immediate ?
If VIBI does not respond to the Order To Show Cause "by June 25, 2021, why the registration of its securities should not be revoked by default due to its failure to file an answer and to otherwise defend this proceeding."
The ADMIN LAW JUDGE will thereafter move to revoke Vilacto Bio Inc.'s stock registration(s) by default. Once that happens the VIBI ticker will no longer exist and the stock will not trade on any public market.
Thank you, Renee, for that information. Much appreciated.
What happens if VIBI ignores an "Order to Show Cause"?
https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
Does the SEC pass the ticker over to FINRA for delisting?
Just seems like VIBI wanted to be a publicly-traded co. for
share-hawking, but with no responsibilities. Friday is 6/25.
CEO Gert drove S.S.VIBI onto the SEC rocks! Any last-minute personnel change is too late!
After years of non-filings, VIBI knows it cannot say to the SEC, "Oops, our bad, we're sorry!"
Only two days left for VIBI to beg: https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
In the above order, SEC received nothing. If VIBI delisted by FINRA, stuckholds will lose out.
I really find it hard to believe that a company would assign a new CEO when it expects to go to zero value!!! Obviously they are trying to pull the company out. Why waste time money and effort if your "dirty" or "dont care". Product is still being retailed and patents still exist. I'll let my 20M fee shares ride it out in hopes of a miracle
2-1/2 business days remaining for VIBI to reply to the SEC.
> https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
In their new order, it sounds like SEC has received nothing.
Stuckholders can follow it down to .0001, or take a tax loss.
I missed the PR. Where is the news thats says they wont be responding. I missed it
So I ask why would you go through the trouble of assigning a new CEO.
They won’t be responding by Friday, so this can be one of the options
If Vilacto goes private maybe it's game over.
Like a bankruptcy, SHs could get wiped out.
Maybe an action against Gert one recourse.
SHs could stalk Gert around EU, Caymans.
If this becomes a shell take over play ….We’ll ….than it’s game on !! Right back to 003
5 business days remain for VIBI to reply or else. Tick, tock.
https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
In the new order, it sounds like SEC has received nothing.
Stuckholds can chase it down to .0001, or take a tax loss.
Pink Current...Share Buy Back... and a Forward Split... boy wishful thinking
VIBI long....
At this point it’s very unlikely they will respond.
Which would mean the ticker would lose its registration at some point if that’s the case.
But But But they have real products! LMAO
If the ten days pass with no input from Vilacto Bio does the ticker leave the grey market?
Ten business days left for VIBI to reply or else. Tick, tock.
https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
In its new order, it sounds like SEC has received nothing.
Stuckholds can chase it down to .0001, or take a tax loss.
Looks like VIBI has a date set of 6/25 to show cause why registration should not be revoked.
There has not been a response from the company thus far
https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
Yup, VIBI run to .0001 before FINRA stripping.
Usual way recalcitrant SEC violators go down.
MM and likely the fall. Every season needs runners. Later
Nothing on the real/official Vilacto Twitter page: @vilacto_
Probably you read that on another fake Vilacto Twitter site.
Folks just need to go to the company website, Vilacto.com
On their home page, go to the bottom, click on Twitter link.
The only staff change was the official/confirmable notice of
to the SEC of a new president with nothing about the CEO.
For almost all OTC tickets, Grey Market ends up in a dead
ticker, which will show up on a FINRA Daily List; date TBD.
Well if any positive came from this scam at least the tax loss will be a benefit LOL
A new a new CEO was announced on Twitter I believe.after the suspension Has any one tried to contact the company to confirm? How long does this ticker stay on the grey market? Thanks in advance
Kinda hard to claim fraud when the company themselves hadn’t put out a press release or even financials in almost 2 years! If peeps bought this and lost it’s on them!
CEO needs to be arrested for fraud!
This CEO needs to be punished. Prison is best suited for him.
All is just about lost! Sorry for those that didn’t take the warnings seriously. Tough pill to swallow I’m sure, but that is the OTC market, win some lose some.
I don't get how this stock can move if it's been "suspended"?
Hit 0.0001 today; sign of things to come.
When they pull that plug, it will be dead.
Sorry to hear it. Had a small stake, too, but
it's clearly in a death spiral. I felt it
had good potential but it's without question one
of my dogs now, a real surprise how poor they've been.
sd
TDA thugs stealing your shares if you use market order, sold it for .0001?...market price?..disgusting!. Beware of TDAs fraudulent pricing.
How the mighty VIBI has fallen, Where is Bud and Blue and Beer
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09/10/2021 08:43:23 | 12(j)Registration Revoked by SEC | 09/10/2021 08:43:00 | VIBI | Vilacto Bio Inc. Common Stock | Other OTC |
https://www.otcmarkets.com/stock/VIBI/overview
Beware: VIBI has a Grey Market Skull & Crossbones status, for non-compliance with SEC.
VIBI is not disclosing current finances or current operating status
to the SEC or to its own shareholders.
SEC Order to Show Cause:
https://www.sec.gov/litigation/opinions/2021/34-92157.pdf
VIBI - SEC SUSPENSION EFFECTIVE MAY 13, 2021
https://otce.finra.org/otce/tradingHalts
SEC CASE# 34-91891 - May 13, 2021 - Vilacto
https://www.otcmarkets.com/stock/VIBI/disclosure
https://investorshub.advfn.com/DD-Support-Board-and-Research-Team-19670/
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