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My thoughts exactly. Thats why I took someones word this morn and got out with a loss.
My thoughts exactly. Thats why I took someones word this morn and got out with a loss.
I hope these guys reconsider the R/S and come out with some news to remove or delay it to a future date, TBA. Sometimes companies will reconsider decisions if the shareholders voice their opinion. With this chart in it's current state, it would make more sense to push the stock even higher before proceeding with the R/S. I recommend investors to ask Vital Products, Inc. to reconsider. Here's the e-mail for investor relations:
investor@vitalproductsinc.com
I'm not just thinking about myself here, but everyone who is involved. The whole thing was just very poor timing on their part and I think we should do our best to let them know that.
I doubt many caught it.
I wonder what the ratio of the R/S is.
If and when it's official, I expect the sp to drop.
To the moon ;)
My bad. Someone actually re-posted the 8-K and deleted that portion of the document. Despite that, why is the bid still building?
This is a quote from the 8-K.
The R/S rumor is all talk and zero proof = A bunch of "bluffing-hypocrites" posting on the board. I'd encourage anyone to put the facts down on this board, naysayer or not. Otherwise, it just sounds like many people trying to pick up some cheap shares.
With 22 Million at bid, who are you trying to fool?
Pretty sneaky. I don't recall them announcing they authorized a R/S.
REVERSE SPLIT tomorrow or Monday! I missed this yesterday but it's there if you read it all:
"For purposes of clarity, the reverse split on or about
March 2, 2012 will not affect the conversion rate."
Exhibit 10.1
February 24, 2012
The Cellular Connection, Ltd
PO Box 562
Richmond Hill, Ontario
L4B 4R6
Re: Side Letter Agreement regarding the Convertible Secured Promissory Notes
by and between Vital Products, Inc. (hereinafter the "Company") and you
Dear Sirs:
This Side Letter Agreement ("Agreement") entered into on the date of this
letter, by and between the Company and you will serve to amend and add certain
terms to the Convertible Secured Promissory Notes issued by Vital Products,
Inc. on June 12, 2009, November 18, 2009, March 26, 2010, June 29, 2010,
September 28, 2010, December 10, 2010 and February 25, 2011 (the "Notes").
Capitalized terms used herein which are not otherwise defined shall have the
same meaning as those given to them in the Notes.
For good and valuable consideration, both parties agree that the Notes will
be amended as follows:
Face Amount of the Note
As of February 24, 2012, the Face Amount of the Notes will be combined into one
note and became U.S. $177,523.20
Article 2. Maturity
The Face Amount of this Note is payable February 24, 2013 (the "Maturity
Date").
Article 3. Interest
The outstanding Face Amount of the Note shall increase by 20% on
February 24, 2013. The outstanding Face Amount of the Note shall increase by
another
20% on February 24, 2014 and again on each one year anniversary of
February 24, 2014 until the Note has been paid in full.
Article 5.2 Conversion Privilege
The text under subsection (a) and (c) of Article 5.2 will be removed and
replaced with the following:
(a) The Company shall have the right to convert the Note into shares of the
Company's common stock (the "Common Stock") at any time prior to the
Maturity Date. The number of shares of Common Stock issuable upon the
conversion of the Note shall be determined pursuant to Article 5.2(c)
below. Any fractional shares that occur as a result of conversion shall
be rounded up or down, as the case may be, to the nearest whole share.
(c) Conversion Rate - The Conversion Price for the Note shall be set at
$0.0002 and shall be subject to adjustment as follows:
(i) If the Company, at any time while this Note is
outstanding: (i) subdivides outstanding shares of
Common Stock into a larger number of shares, (ii)
combines(including by way of reverse stock split)
outstanding shares of Common Stock into a smaller
number of shares, or (iii) issues by reclassification
of shares of the Common Stock any shares of capital
stock of the Company, then in each case the
Conversion Price shall be multiplied by a fraction
of which the numerator shall be the number of shares of
Common Stock (excluding treasury shares, if any)
outstanding immediately before such event and of which
the denominator shall be the number of shares of Common
Stock outstanding immediately after such event. Any
adjustment made pursuant to this Article 5.3(c)(i) shall
become effective immediately after the record date for
the determination of stockholders entitled to receive
such dividend or distribution and shall become effective
immediately after the effective date in the case of a
subdivision, combination or re classification. For
purposes of clarity, the reverse split on or about
March 2, 2012 will not affect the conversion rate.
(ii) The Company shall not amend its Articles of Incorporation
(as amended from time to time), its By-laws or
participate in any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of
securities or any other voluntary action for the purpose
of avoiding or seeking to avoid the observance or
performance of any of the terms of this Note to be
observed or performed by the Company, including without
limitation this Article 5.3(c), but shall at all times
in good faith assist in carrying out all such action as
may be reasonably necessary or appropriate in order to
protect the rights of the Investor against dilution or
other impairment as provided herein.
(iii) All calculations under this Article 5.2(c) shall be
made to the nearest cent.
(iv) The Company shall not be required upon the exercise of
this Note to issue any fractional shares.
No other terms, rights or provisions of the Note should be considered to have
been modified by the terms of this Agreement and each party retains all other
rights, obligations, privileges and duties contained in the Notes.
Sincerely,
/s/Michael Levine
-------------------
Michael Levine
AGREED AND ACCEPTED:
Signature: /s/Stuart Turk
------------------------------
Printed Name: Stuart Turk
Date: February 24, 2012
8k sways there gonna RS in march.
Probably! Since the stock had risen too much (9-bagger from bottom).
1200$ shares make a market?
wolves prey on sheep in the stock market, you need to realize that now or your gonna always lose. when people pump a stock, its because there selling on the ask to get out. the more they pump the quicker there trying to get out. vtpi conversion is valued at .0002, which means that the stock is worthless. why would people buy, there no reason for it to go up! wake up, i try to help people. theres a reason why your pumpers are gone, and you thought they where your friends. .0005 are up like i said yesterday, and your buddys are gone. goodluck, i advise not to follow there next pump.
Looks like it is over my friend.
you can believe what you want, when i seen the gap n trap yesterday i knew it was over. its time to except your lost and move on
read my post, i bought in at .001 and sold on the spike to .0018. i been out, but i knew from the people that where pumping that this was going to crash. nobody wants this lower, they just don't want it. psg been doing this for a long time, and i've seen them do it over n over again.
im just a money runners follower, not a promoter for them. but if you read my post, you will see where i warned people. either way this is done!
i warned people yesterday
No bid support 0006 x 0009
Just a matter of time until the first whacker dumps. Yesterday most trades around 0.0012 and 0.0013 and now this.
No seller but also no buyer.
With buying pressure it could move fast, seems very thin, it could move faster than other POS.
Why is there no interest even if the chart looks good? And yes i know the past, but this stock with this ss is cheap, most subpennys are POS.
Is the promoter site still pumping or today nothing?
I agree
Increased awareness=increased volume=increased pice
I still think this has more gas in the tank
JMO.
Thnx 4 the chart and insight fully agree
If you think about it most penny stocks get alot of interest and go up. They make money. Sometimes with news. sometimes without.
MANY
eye on this. MANY are being informed about the opportunity here.
Many stocks trade.
Many of the best.
Needed consolidation today
rsi in 60s now. Ready for the next leg soon. IMO
This is just a shortterm trade based on whatever momentum the group behind it is able to generate.
How much strength there is behind it can't be known. But it doesn't seem to me like the group manipulating this one has much behind it.
It could be over for all I know.
Thanks...with that trail are we heading in a + direction or - direction....only 2 ways to go...
You're thinking of Den Packaging.
You know who owns Den, right?
You're right about the 8-K being tied in with that event. With the loss of revenue from losing Den, they have to restructure the loan to Turk.
You know the connection between VTPI and Turk right?
Turk of MTRO and Cellular Connection.
It seems you know exactly the point I was making.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72645481
OTCBB is still the bottom of the market, therefore I reference it as pinkyland - the world of pump and dumps and turd pushers.
It's dangerous down here if you get your information from peeps who want to take your money.
JMO
Its OTCBB and not pinkyland.
I cannot say one way or another. But dropping the conversion rate from 75% of 15 day avg to a flat .0002 is not what I call "positive". They were already dealing with loansharks if they were paying 20% interest IMO.
Their website shows "latest news" from 2008
I only have what they left me after the 2010 RS (which ain't much).
Sorry I couldn't answer your question, but this is pinkyland and logic gets tossed out the window most of the time.
Do you think they have a big deal in the works to offset what your saying...thought I read that they had lost one of their contracts a while back that crippled their sales...could they have found a replacement....maybe their combining this k-8 with news to that effect....
Read it again and it won't sound so good.
They were paying 20% interest and now they rewrote the note to convert at .0002 -------- Do the math on $177,000 to see they are burying the company not raising it off the ground.
They gotta raise the AS to be able to convert that kind of money at .0002.
JMO.
Could someone please explain the k-8... does it secure funding? Sounds like they are positively moving forward....should we hang on for the ride ...tia
What? That's not a response to what's contained in the 8-K, is it?
Yes i know, but i dont like false statements.
Hope tomorrow better bid support and buying pressure. We should not close in the triple zeros, there was more volume at higher pps.
Wow this is going to be HUGE $$$ I knew it
Amber, you have to realize that it was up 200% yesterday and this has been trading in the triple zeros for quite some time, so there is most likely alot of people that were holding from down there not besides the flippers that hopped in yesterday that wanted to secure profits you cant blame them for that, but on the flip side this does have potential for more of a run
The truth is, nobody could sell at 0.0018, because only 5000 shares were traded at 0.0018.
There was 0 volume at .0017 and only very low volume around 0.0015-0.0016.
Please look at the volume. Only chance to sell was around .0013-0.0014 (not if someone has 1-2 million shares) but this is no real profit because your email alert was from 0.0012 and you said it will go to 0.0040+, so please why should your followers sell at 0.0013 when this will go to .0040+?
Todays close is 0.0009 and you said this will be up today and 0.0040+ short term.
I dont have a problem with you, but please keep it real.
Maybe this will be a winner next days but for now its no winner!
And reasons are everything in this board is negative, no real momo, no bid support, bad history, buyer are scared of dumping, low volume and bid whacker who sells 20% under the pps because they are scared
"Even if i posted it higher on IHUB yesterday like VTPI 0010 and 0012 and guess what it hit 0018 today right so thats profit. but originally GM Tech followers got it and made bank okay."
Smart man,GM where is this headed,Thanks
was profit takers that held us down today now that they are out time to move upupup and away
I agree. That's why I'm hoping for this to go up a bit to secure some profits.
be careful of vtpi,temn,imo watchout for p&d.
Man, that really sucks - I really needed the help. I hate to sound greedy, but if you ever want to keep in contact off Investorhub, I would appreciate it. Some of us are just trying to catch up after making some poor calls.
Ya they warned me yesterday so Im going to stop posting their picks on here. If anyone wants their picks they can go sign up for VIP themselves.
No why would i do that im not psgeeks kiddo lol u make me laugh man i can tell you are got something against psgeeks cause they are very very good and you know it. Jealousy on your part cause your a Promoter. Anyways im done talking to you. Enough of your nonsense people know and many made money from GM Tech board. That alone speaks itself of who to trust and who not to.
You're probably right. One thing to keep in mind is that PSG has a reputation that they need to keep, especially if they're charging people for calls. Thanks for the heads up yesterday - I'm glad I have some strength backing up my purchase! :)
I have no idea. The company will not say when news or filing will be out but im sure its getting close imo :) Either way the PPS will be going higher :)
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