Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What I'm insinuating is the financials are a fraud.
CEO would go to jail for intentional, malicious fraud. Lack of reporting requirement by FINRA is not basis for not doing something. In other words, FINRA requirements is just the absolute minimal that one should do. The CEO shouldn't strive for minimal, but for above the basics. CEO should instill trust and faith in him and the company.
Small, yes. Flourishing, definitely by far not. Flouring implies growth, so far, growth is dismal.
-------------------------------------
why on earth would the CEO go to jail?
I'm not happy about he PPS but this is the OTC market and this is a small but flourishing business it is profitable unlike many companies in this market and the CEO does his best to keep us informed of his intentions.
If other organizations like FINRA do not deliver in the time frames he was promised and told us is that his fault, does he need to watch out for the boys in blue?
He has addressed the audit issue many times and it is not a requirement of the market (and $25k is significant $$ for this company an audit is far more than looking at invoices). Given the detail you file with Finra you can be assured the numbers are pretty accurate and not just picked up out of thin air.
He does live in the 1990's as far as communications and use of technology is concerned. We have to live with that .
CEO's job is ultimately to affect stock price. Stock price is a direct result by what CEO does or doesn't do. If the stock decreases in value, it is a direct correlation what CEO did.
Thanks for the personal insult. But, look at the stock performance. It lost 99.999% of its value.
-----------------------------------------------
The CEO has no control over the stock price especially when he and his company is savaged daily by a bunch of unscrupulous IHUB assholes.
Buzzy has done a great job and has made money for many. If you can't time it right, you are the dummy.
There's always a reason why Buzzy can't do something. There's the SEC that's not allowing him to spin off companies. There are attorneys that prevent him from disclosing. There's the reverse stock split that prevents him from auditing.
All of those are excuses trying to cover up lack of competence and professionalism.
As a veteran in the industry, I can tell you that to audit one year's statement is quite simple and frankly cost effective even for Buzzy.
Ultimately, the shareholders deserve to have a third, unbiased party to confirm that what he says actually happens. It would also be very simple considering the number of invoices, expenses VGID has is minimal.
The ONLY reason CEO doesn't do it, is because financials are fraudulent.
----------------
Look at Buzzys post 36038. That tells you why he cannot do an audit
That is CEO's job and responsibility to the shareholders to make sure the company stock goes up. In fact, it is unethical for CEO to do anything else. In order for this stock to go up, the CEO must be clear, upfront about his intentions, follow through with intentions, and prove to shareholders that what ever he has done, can be verified on the score card, financials. CEO does not audit financials. It is a relatively inexpensive administrative task to complete.
The only reason the stock doesn't go up is a direct result of CEO's skills and abilities, or lack there of.
We DO NOT need to instill anything to anyone about this company. It will either flourish or perish. The CEO will either come out on top or go to jail, and likely the latter.
Trying doesn't matter. Either CEO performs and plays his role or he shouldn't be doing it. Look at the score card, financials and ultimately the stock price. It is down 99.9999%. What kind of a grade in school would you get if you would get all the questions wrong? It's pathetic!
It seems to me that if some stock "feel into my lap"", that I would be doing everything that I could to help the stock go up. It appears to everyone thatis not the case. Looks like you want it to go down and you keep defaming the CEO etc. the stock does not appear to be a fraud by any means. There are sales and there is a product.
We need to instill in everyone that this is a good company and the CEO is an honest, hardworking person that is really trying. I will concede that he is not doing things the way I would and that he is spreading himself to thin, but he is trying. give him a chance.
In the business world there is little room for trust. It's a factual world. Either you make money or you loose it. In business it's all about absolute returns. Shareholders want to know that VGID is actually making money. CEO, audit financials!
CEO is communicating without substance. Nothing's backed up. Nothing has been verified. Everything's done with delay, and presumably done.
Why is it so hard to:
1. audit financials
2. provide distribution locations
I do own some stock, which fell into my lap. That's precisely the reason why I have interest in the company, and to make sure it does well. But what I'm seeing is, perpetual decrease in value of the shares. Everything the CEO does is for lack of a better word questionable, but frankly, very reminiscent of fraud. CEO needs to instill trust in shareholders, not shareholders be searching where CEO has stolen.
It certainly looks like the CEO is abusing the system, scamming and defrauding shareholders. Very unfortunate and illegal!
-------------------------------------------------
I agree 99.999% There's always that nagging thought I might be wrong. But we have no information to prove otherwise; and all the information we have confirms this conclusion. I'm just waiting to sell my position: I feel like a moron buying this stock when I did: some newsletter listed it as a rising stock worth getting. How wrong that news was. Either Mr. Twomsley doesn't know how to run a company OR he doesn't understand this highly competitive business (there must be 10s of "new drink" companies listed on the OTC OR he's scamming to maintain his life style OR all three. Either way, it appears I have about one or two pops a year to get rid of my stock.
We know the stock isn't worth what it's even at this level trading due to the fact that CEO does not want to verify anything. As things are today this company is fraudulent.
Auditing is not an expensive task! Lower revenue, lower cost a CPA would charge to do it. Also, if the CEO provides all receipts, the cost would go down dramatically. There aren't really that many invoices or expenses to check. However, when you look at the cost with respect to value to shareholders, value of knowing that independently verified that everything that's published is true and correct!
Mr. Twombly. You've signed up for this role of running a public company. No one is forcing you to do this work. From your calls, you are proud to be in charge of a publicly run company. With running a company though, comes a ton of responsibility and expectations. Of course, there will always be critics, negative voices, etc. Many are unreasonable. The basic requests, by your shareholders, however, are valid and should be addressed. In fact, they are so basic, that it's puzzling why they're not being done. It would not only improve relations with the shareholders, but it would also boost up prospective sales, revenue etc.
1. Show the product.
2. Share where the product is sold.
3. Financials, for each quarter, or at least for the year, should be audited.
Mr. Twombly, respectfully, that is the most bogus thing anyone here said to date. You DON'T have to audit the last 5 years of financials. What the shareholders want is audit of 2017. We want to see work and revenue that you state in your financials actually exists. The whole company is just a 1 man show. As such, it's very tempting and easy to manipulate. What the shareholders want to know, is that everything is, as it is, and how it should be.
And what do you mean by "these markets"? It doesn't matter what market you're in, pink slips, blue chips, PE, etc. Everyone wants to see, have confirmation of, and faith in, the validity of actual company operations.
It's up 400% from the low? That's an accomplishment? Really? What a terrible way of gauging success!
---------------------------------------------------
I apriciate your concern. If you knew anything about these markets, you would know that VGID never had an IPO. We did a reverse merger into an already exsisting public entity. At that time we were doing about 150,000 in revenues. On paper the public entity was worth over 300,000,000. So of course the price went down. There is no way our little start up was worth that. By the way. We are up 400% from the low.
No we will not audit the financials of VGID. We can’t because we would have to audit the financials of the company that was in there before us. One of the reason for spin offs. We have gone over this multiple times.
I suggest you only invest in Big board stocks and stay away from Pink Sheets because you obviously have no idea what you are doing.
Larry Twombly
CEO
Manipulators sell 10 shares, and probably buy the 10 shares from a different account, to make the price tick up, appearing therefore, that it's going up. By doing so 2, 3, 4 days in a row it creates a trend and positive vibe for others. When enough interest mounts, by those thinking it's an actual trend, they unload their shares to unsuspecting folks, novices. Typical pump and dump.
CEO - Will you audit VGID financials?
CEO - Good job for allowing the stock go down 99.999% after IPO!
VGID, FHBC, Leaf of Faith, Hollywood haircuts, ice cream truck(really?).... all based on intentional fraud by CEO
Terrible performance! Good job CEO!
It is the job of CEO to instill faith and trust in the company. That is just part but a very basic responsibility that a CEO has. In order to do so, he must address issues that come up in this forum and others. It is up to CEO to show proof of all products, meeting, revenue, financials, bottles, websites, etc., etc. He does the complete opposite all the time. Rhetoric without any actual work. Look at the website! After "working" on the website for a year he used a template that is not even filled out correctly. Pathetic, misleading, but ultimately fraudulent. Financials are not audited. Why? Because they're bogus! A lie!
It's all a lie. There's not proof the CEO actually has any meetings. It's all just published rhetoric online.
Another terrible performance day with dismal volume. Good job CEO/CFO/COO/everything else!
Why wait 'till some day? Verifiable results will boost stock price. Everyone should be in favor of this expense. Depending on who does the work it will likely cost less than $25k or ~2.5% of overall revenue. It's a reasonable cost.
I don't know reports are wrong. However, based on what is said, lack of openness and transparency leads me to believe that the probability of the reports being fake is very likely. Enron published reports, and went bankrupt.
The good thing is that I don't need to prove anything. It's the CEO's job to instill trust and faith in the company and financials. Every time he refuses to do so, creates greater mistrust.
Everyone on this forum gets bugged down in things that don't matter in the grand picture. 1,000 cases or 1,010 cases... The big question is, are there cases at all? Is capital stock being divested, regardless of what the report states? Is any product available on shelves on a regular basis, anywhere? etc.
Everyone on here talks about faith, belief, hope, desire, etc. Those are all great feeling. However, when dealing with investments, all of the aforementioned are gambles not investments. Investment is essentially rate of return on your capital and labor. So far, the stock lost 99.9999% of it's value since IPO. What are we talking about then? What kind of an investment is this? Pretty terrible results no? Any other company would have filed for liquidation and bankruptcy a long time ago.
I will keep pushing to see product in development. In production. On store shelves. At various locations. It's free advertisement if nothing else. It's good for the company and making drinks popular. What is the challenge of providing this information to the shareholders?
I will keep pushing for the financials to be audited by a CPA. The revenue that's shown should be documented, not merely numbers printed on paper without factual and verifiable knowledge of how the numbers are derived.
I will keep pushing for and requesting proof that capital stock is not sold on a regular basis. It certainly appears that fraud is committed based on stock performance.
--------------------------------------------
How do you know the financials are wrong? did you view them? You admitted that only the owner viewed the financials.
I have read the reports and I believe Buzzy who has filed those reports. You haven't reviewed a thing, yet you expect us to belive that the reports are wrong. Until you can prove it, forget it.
Very true, being unverified doesn't make it true. However, when running a public company, verifying by a third unbiased party is smart business.
Sir, who else can verify that what you say is truly the case? Why are financials, ownership, etc. not audited?
Buzzy doesn't want to audit financials independently. They are unverified. It's such an easy, prudent, and important thing to do for any publicly traded company that it is puzzling why the CEO doesn't do it. As such, it is concluded that the published information is fake.
That's precisely what I'm suggesting. The owner, unloads his share to enjoy a certain lifestyle. Why am I wrong? Because the financials that are published state so? How do you know they are correct? Who else besides the owner reviewed the financials?
You're absolutely correct. Trading volatility on this stock is not economically feasible. However, if you're the owner and unloaded a ton of capital stock, it makes a lot of sense.
Institutional investors? Fraud is not on their radar.
Alleged increase. No one ever audited financials.
What's the excitement about .0009? YOY the stock is down from .0015. This isn't growth. This isn't faith in the company. This is methodical dumping of it.
All lies. Such growth. Such demand. Stock keeps going down. Audit the financials and operations!
Buzzy, why do you need lawyers to "harass" FINRA? Juts do what's asked!
Buzzy, how long does it take to compile the numbers? You run such a simple operation!
Believe this! - CEO is Irresponsible and Fraudulent!
Buzzy shared locations where product is sold, but none of the locations had product. I've yet to see locations with product on shelves.
How can the rest of us try Fernhill product?
I don't know what you're referring to.
Is this your 5th post after you said, "This is my last post"?
Stock manipulation. It is obvious that stock is manipulated. When 5,000 of shares is traded of a stock valued at .0006. To put it in perspective that's $3. Who trades $3 worth of stock? No one does, unless you need to have the stock appear to be fluctuating near a certain range. This too is ill devised and illegal.
Website is the least of our worries.
Who bottles the product? Who distributes the product? Where is it sold? Share actual locations! Share photos of product in stores on shelves. What is so hard about that over the course of 3 years?
What is so challenging about showing your own, the CEO's face? Where are the pictures of CEO at various events that he attends? Where is the photo of booth/location where product is sold, advertised, distributed? Post it! It's free advertisement. Everyone loves free marketing. Unless it's fraud. Then, speculation, rumors, anticipation of big contracts is what drives additional sale of capital equity. It is Fraud and everyone associated with it should go to prison!
It is questionable if attorney even exists. Or if attorney signed anything. Or if the attorney even knows his name is used to advertise fraud.
------------------------
if you are only making 5k a quarter as we know then $25k is a significant amount of money
The statement of accounts are legit otherwise Larry and the attorney would be off to jail. That is why you can believe them - may be not to the exact $ but they are legit.
product exists
FHBC has significantly more sales than VGID
Only conundrum I don't like is the infamous web site, I cannot believe Larry is so unable to comprehend technology developments of the last 20 years. I would love to see what phone he uses. If I were him I would can any web site and just have a facebook page