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Nothing, I really don't believe there is a new business direction. I believe the ceo is selling them a company.
I can't find anything out about it though, how about you.
You wanna shut me up? Show me some real verifiable numbers on what the shareholders are buying this time. I know what it says in the press release, I don't count those. As a shareholder you have an obligation to request that type of information considering their previous history in acquistion due dilligence.
You asked, "Why would the company continually put money into this "obvious moneyhole". They are putting way too much effort into selling their product for your "cash register" theory."
The company isn't putting money into this obvious moneyhole
(I don't know why there are quotes around that phrase because those are your words not mine) shareholders are.
Someone is taking it out the other end though plus minimum of 20%
By the way, it's your money.
Why not buy some space somewhere like this
http://www.packexpo.com/pelv2009/public/enter.aspx
That would be effort in selling their product. I can't find them
1.7 mil for a failed business.
400k plus writedown for worthless equipment from that business.
zero revenue, 20% minimum interest on borrowed operating capitol, dilution every quarter.
This is not a stock pick, it's a black hole.
4. NOTE PAYABLE TO CELLULAR CONNECTIONS LTD.
The $76,333 advance from Cellular Connection, Ltd. was a result of a convertible secured promissory note with a face amount of $120,000 issued to Cellular Connection Ltd. on January 20, 2009 which include one year of interest totaling $20,000 and actual loan amount totaling $100,000. The convertible secured promissory note accrues interest at a rate of 20% per year and has a maturity date of January 19, 2010. The outstanding face amount of the convertible secured promissory note shall increase by 20% on January 19, 2011, by another 20% on January 19, 2012 and again on each one year anniversary of January 19, 2012 until it has been paid in full. The note entitles the note holder to convert the note, plus accrued interest, anytime prior to the maturity date, at 75% of the average of the lowest closing bid price during the fifteen (15) trading days immediately preceding the conversion date.
The note has been accounted for as an original issue discount note due to the conversion feature. The discount totaling $40,000 shall be accreted over the life of the note for a total accreted value of $160,000.
Furthermore, the $20,000 interest which has been included as part of the overall face amount of the note shall also be accreted over a one year period. As of January 31, 2009, the total accretion of both discount and interest totaled $2,500. The remaining portion of the note not advanced totaling $23,667 was received by the Company in February 2009.
Pursuant to the terms of the convertible secured promissory note, Cellular Connection Ltd. may elect to secure a portion of our assets not to exceed 200% of the face amount of the note, including, but not limited to, accounts receivable, cash, marketable securities, equipment, building, land or inventory.
During the period between December 29, 2008 and January 9, 2009, Metro One Development, Inc. converted $195,000 in interest accrued under a promissory note into an aggregate of 26,000,000 shares of our common stock, all at a conversion price of $0.0075 per share.
"They" are not putting money into this business, the shareholders are. "They" have payed for every action they have taken with shares. The company is paying a minimum of 20%.
I give you cash, you pay me back in shares at a minimum 20% premium which I then sell into the market. I guess I would have to pay short term gain on that but 20% is still pretty good. Plus they are receiving the shares at a 25% discount, cheaper than you will ever see.
I stick by my cash register theory
The advice he's referring to was to sell, stay with me here.
He sold at .045
Lets play some more ok? If Earl had 10000 shares he sold at .045 thats ? Yes class $450
Take out say $16 commissions in and out leaves him
$434, good Stocky
$434 / .0037 = 117,297
Thats an 11.7 X multiple
( I wouldn't buy though )
If it does go back to your magic number of .02 (Won't be tomorrow IMHO)
Thats $2345.94 - $450 = $1895.94
(I'll accept a certified check or money order)
Course why use numbers, WHEN YOU CAN USE CAPS INSTEAD. IT'S SOOO MUCH MORE FUN
.02 Huh?
Lets give it a rational look see.
65,250,000 shares outstanding per most recent filing.
( I'm guessing that figure is low by now but I won't guess)
X your figure of .02 equals a market cap of $1,305,000
( current real time market cap of $241,425 )
Well that would be a 5.4 x increase.
We should probably deduct the last reported liabilities from the market cap
Total current liabilities $407,440 (from the last 10-q)
$241,425 - $407,440 = (-166,015)
Gee, thats a negative market cap
Lets take your figure of 1,305,000 and see what the multiple is now...
Wow 7.8 X increase
Do you really think they sold that much Bio-crap in two initial orders?
To quote the man " You can't get there from here"
Interesting opinion
Maybe .001
I have never given the remotest indication that this will ever go up.
VTLP pumped and dumped by the best
Smartest guy here
If you're a stockholder here, who would you rather kick in the N.t$. The board pumpers or the CEO.
I vote for the pumpers
Hi Titan, makin any money lately?
I was watching the Mecum Auto auction Sat on an HD channel and saw the Spongetech ad.
You all probably know though
"Although our new line of business continues to develop, we believe that these purchase orders certainly validate our product and reflect the industrial packaging industry's trend towards environmentally friendly product lines."
Does 2 orders of an unspecified quantity qualify as "validation" or are they being a bit strong in their wording?
I believe any idiot could sell at least a portion of horse manure if it was labeled Bio-manure in todays market.
Every company wants to give the illusion of being Bio Friendly nowadays
It would still be manure though
Perhaps bull manure would be a better example
If Vital is the host, what is Cellular conn, or Metro One. A symbiotic organisim or a parasitic one? I think your example is perfect.
The 8k mentions a reverse split twice, both are in reference to the relationship such an action would have on the preferred shares.
They will make a reverse when they have maxed out the a/s
You will not know about until it is voted,filed, and ready to be effected if it were to happen, and I didn't say it will.
They reported revenue and expenses for the period you mentioned. They did not record any revenue from operations
A substantial portion of the expenses was consulting fees for stock sales
"On October 2, 2008, we issued 500,000 shares of common stock to Downshire at a price of $0.20 per share."
Selling shares of your company to run its daily affairs is like selling blood to buy food, its a closed loop
The latest 10Q filing references 2 sales that will have to be reflected in the next filing if they generated any revenue
"On January 13, 2009, we formally announced that we had commenced production of Biofill(TM), our bio-based foam in place packaging product, and on January 26, 2009 we received our first purchase order. On January 30, 2009 we received a second purchase order for our Biofill(TM) product from a major North American manufacturer."
It's been a while since that info came out, are they
A. Being quiet but still selling
B. Sitting by the phone waiting for it to ring ( they didn't answer when I called)
C. Partying like a rock star with the money ( sorry I felt like throwing that in)
Thanks for the honest disagreement, I love a good debate.
GLTY
Also from the 8k
Each share of Series A Preferred Stock is convertible at any time, at the option of the holder, into 100 shares of our common stock. Except as otherwise provided by Delaware law, each share of Series A Preferred Stock shall entitle the holder to the number of votes equal to the aggregate number of shares of our common stock into which such holder's Series A Preferred Stock is convertible, multiplied by 30. Holders of our Series A Preferred Stock will vote together with the holders of our common stock, and any other capital stock of our Company having general voting rights, as a single class on all matter submitted to a vote of our stockholders.
If at any time after the common stock issuable upon conversion of the Series A Preferred Stock is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification, reverse split or otherwise, each holder of Series A Preferred Stock has the right, but not the obligation, thereafter, to convert such stock into the kind and amount of stock and other securities and property receivable under such recapitalization, reclassification, reverse split or other change by holders of the maximum number of shares of common stock into which such shares of Series A Preferred Stock could have been converted prior to such recapitalization, reclassification or change.
"I guess to put it mildly, charhorse and followers can't seem to differentiate between OnTheGo and Vital Products, Inc."
My implication that this statement was niave is because it is impossible to unlink Vital from Stuart Turk, (metro one, on the go, cellular connection) He is their only current source of cash. They (you) are still paying him off in shares. I would venture a guess that the most recent 8k designating an additional 100k prefered shares is a new twist on this. It is also possible that this is related to the acquistion from Levine. Only they know. I know it means more shares.
I quote from the 8k
Effective April 20, 2009, we filed a Certificate of Designation of Preferences, Rights and Limitations with the Delaware Secretary of State designating 100,000 shares of Series A Convertible Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock").
More convertible shares
I wonder if your shares will ever see 0.01 again ?
Excuse me but they are whipping this stock like a rented mule.
I really don't think you have a chance IMHO
You have absolutely no idea just how much research I have done on this company. It began before the registration filing even became effective.
"We incorporated in the State of Delaware on May 27, 2005. We commenced business, under the Vital Products name, in June 2005, having purchased assets from Metro One Development, Inc. (formerly On The Go Healthcare, Inc.)"
This is the business they purchased from Metro One (On The Go)
"Vital Products, Inc. (the "Company") was incorporated in the State of Delaware on May 27, 2005. On July 5, 2005, the Company purchased the Childcare Division of Metro One Development, Inc., (formerly On The Go Healthcare, Inc.), which manufactured and distributed infant care products. As of July 31, 2008, the Company's sole business was to manufacture two products under the On The Go name: a padded training seat and a baby bath."
Metro One (On The Go) retained the patents for those two products.
This is what they (you) paid
"Notes payable to Metro One Development, Inc. - 1,766,210
I can't convince you because you refuse to see. If you are going to put your money into these kinda of stocks the most important lesson you can learn is to recognise a mistake quickly and react. Hopeing, wishing, and waiting are going to cost you.
" I guess to put it mildly, charhorse and followers can't seem to differentiate between OnTheGo and Vital Products, Inc." This is the most niave statement I have read yet
This is my prediction, You are going to lose your whole investment here. It will not please me if I am proven correct. I leave you with this to think about
" LIQUIDITY AND CAPITAL RESOURCES
As of July 31, 2008, we had total current assets of $2,802 and total current liabilities of $2,155,893, resulting in a working capital deficit of $2,153,091. As of that date, we had cash of $2,802. Our cash flow from operating activities for the year ended July 31, 2008"
You need to talk to the transfer agent. glty
Looks like they're ringing the register again. ching ching
OT...OT OT OT...GNOTE
I got your pm but I'm a freebie so I can't respond.
I'm surprised you were able to talk to anybody. I was never able to get anyone to pick up the phone
I'm gonna buy a basically worthless company from a guy with a dubious reputation and I'm gonna use your money, ok?
That didn't work out, I'm gonna buy a company from myself using your money instead, ok?
I'm gonna need some walking around money too,ok?
They bought a company with two products from Stuart Turk.
They did not receive the patents for those products.
They paid 1.7 million, plus a block of shares in a benificial trust to the shareholders of On The Go healthcare when their registration filing became effective.
Who was the largest shareholder of On the go, Stuart Turk.
They then determined that the company was not viable, after paying all that money. That smells good to you? What kind of DD does it take to pull off that kinda of success? What exactly did you shareholders pay for?
Then they decided to change direction and buy a company from the CEO, again using shares.
They pay rent to a company that the ceo is a majority owner of.
All this smells good to you?
They have zero revenue from their business.
Do a bit of research on Stuart Turks former and current companies. Metro One, delisted and on the first reverse split
On The Go Healthcare, at least 4 reverse splits and per the last filing being sued by almost every vendor they were working with. Also sued by Laurus fund because they sold a business to FTS group that was already morgaged.
In My Opinion this company is nothing more than a cash register.
Should I include I do not own any shares of this company?
I just happen to have an interest.
They would have to have actually started to be done. Did you mean done selling shares, no.
You are grasping at straws. Do you have any reason to think you are going to get some kind of rational answer.
TO THE MOON
LOAD UP THE TRUCK
THE TRAIN IS TAKING OFF
I'm sorry but get ahold of yourself.
There is a very weak buy indication based on a 7 day average
Almost every other indicator is a sell.
http://quote.barchart.com/texadv.asp?sym=VTLP
If you mean if it is a buy or a sell, at the top of the vtlp page click on the quotes,news,charts tab. when that page opens click on the trades tab, it will show you buy vs sells with individual trades. You will only get information relating to individual purchases or sales when the individual involved is a beneficial shareholder and is required to report by the sec. A buy is a trade that closes at the asking price. A sell is a trade that closes at the bid.
A form t trade is an adjustment between brokers and occurs outside of normal trading
4,496,800 buy volume
1,021,000 sell volume
If you examine this chart
http://stockcharts.com/h-sc/ui?s=VTLP&p=D&b=5&g=0&id=p80929512067
The pink and gray bar graph on the side indicates price vs volume with pink being selling volume. This gives you an indicator of what price levels trigger what activity.
The pink and gray bar graph on the bottom gives the same information and Fridays indicator is predominately gray meaning buying overshadowed selling. That is really the only positive indication I can site on that chart. It is predominately negative. Fridays action could have been caused by an individual at these price levels.
Stock Promotions. I know this article is about pink sheets however quite a bit of the info relates to the path this company has taken.
Purchasing a company unrelated to intended business model.
Extensive stock promotion and dilution.
Anyway it's worth reading
http://www.usatoday.com/money/markets/us/2005-11-10-pink-sheet-cover-usat_x.htm
Right Mr Xplosive
CFRI
TORONTO -- (Marketwire) -- 04/09/09 -- Conforce International, Inc. (PINKSHEETS: CFRI) ("Conforce" or "Company") is pleased to announce that effective today, the Company's Form 10 Registration Statement as filed with the United States Securities and Exchange Commission (SEC) has become effective, the result being the Company's classification as a fully reporting issuer.
Conforce International Announces Status as Fully Reporting Issuer
TORONTO -- (Marketwire) -- 04/09/09 -- Conforce International, Inc. (PINKSHEETS: CFRI) ("Conforce" or "Company") is pleased to announce that effective today, the Company's Form 10 Registration Statement as filed with the United States Securities and Exchange Commission (SEC) has become effective, the result being the Company's classification as a fully reporting issuer.
Conforce International Announces Status as Fully Reporting Issuer
I'm gonna put this right at the top of the Ibox
Conforce Announces Status as SEC Fully Reporting Issuer
News!!!!---Fully reporting now. Here it is!!!!
Conforce International, Inc.
Press Release
Conforce Announces Status as SEC Fully Reporting Issuer
MARKET WIRE via COMTEX
Toronto, Ont. - April 9, 2009 Conforce International, Inc. (OTC: CFRI, "Conforce" or "Company") is pleased to announce that effective today, the Company's Form 10 Registration Statement as filed with the United States Securities and Exchange Commission (SEC) has become effective, the result being the Company's classification as a fully reporting issuer.
As such, the Company is subject to the requirements of Regulation 13A under the 1934 Exchange Act, which requires the Company to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. Additionally, consistent with Rule 15c2-11, the Company has provided information to its broker dealer who, on behalf of the Company, has filed a Form 211 application for listing on the OTC Bulletin Board. The application has been filed with FINRA (Financial Industry Regulatory Authority) and pursuant to FINRA Rule 6440, the OTC Compliance Unit may now finalize their review. The Company will provide an update to shareholders at such time as it has received information from its broker dealer as to the status of its Form 211 application.
I'm kinda upset, my wife said she was putting talcum powder in my underware to make me more comfortable. I found out it was Miracle Grow.
Hope I'm not violating the tou here but I think Canada is robbing us and should be invaded.
Wow the pumping on pgyc.pk was intense.
I love following the trail
Every pr put out by that company was pure speculation and promises.
Where have I seen that before?
I was doing a bit of research on another of Xplosive stocks compensated promotions (PGYC.PK)
XplosiveStocks.com has been compensated by the following companies for their profile:
PGYC: 200,000 free trading shares by Third Party
Another interesting name associated with Vital Products came up. Downshire Capitol
From Vital products Annual filing
On October 2, 2008, we issued 500,000 restricted shares of common stock to Downshire Capital as compensation for investor relation services valued at $100,000.
Here is the article link
http://www.mcgilldaily.com/article/4055-students-find-shady-jobs-through
The person Ryan named in the article was I guess connected with pgyc.pk
Are your panties in a bunch yet ?
I got your pm but I'm a freebie and can't reply. Thanks and I appreciate your time
Scottrade has this one online restricted
I'm sorry did I upset you. I just like to follow the trail of pump and dumps
XplosiveStocks.com has been compensated by the following companies for their profile:
PGYC: 200,000 free trading shares by Third Party