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.
They don't answer emails either
This is what I said would happen. I take no joy in it. Just remember the pumpers, remember who they are. They are the enemy.
Conforce Announces Strategic Partnership with Bayer MaterialScience LLC
MARKET WIRE via COMTEX
Toronto, Ont. - February 26, 2009 Conforce International, Inc. (OTC: CFRI - "Conforce" or "Company") is pleased to announce that Conforce and Bayer MaterialScience have signed a definitive agreement establishing a strategic partnership between the two companies. Bayer MaterialScience LLC ("Bayer") is one of the world's leading polymer companies and is a division of the global conglomerate Bayer AG (DE: BAY), a recognized leader in health care, nutrition and the development of advanced materials.
The objective of the partnership is to enable Conforce and Bayer to leverage their respective strengths as they work toward the successful commercialization of EKO-FLOR. The partnership will provide Conforce with key support in the areas of advanced design and material analysis, efficient production practices, technical know-how and expertise, and a global material supply chain consistent with the projected requirements of EKO-FLOR.
Jerry MacCleary, Bayer MaterialScience Senior Vice President, Head of Polyurethanes North America Marketing and Business Development said that "we see EKO-FLOR as one of our key growth projects and are committed to bringing Conforce our technology, expertise and global BaySystems network in order to make the commercialization of EKO-FLOR a success." The BaySystems global network is comprised of 30 system houses on six continents.
Conforce has developed EKO-FLOR cs-4, a polymer based composite container flooring system engineered to create a cost-effective and environmentally responsible alternative to tropical hardwood and other wood-based flooring. Recent product enhancements include a significant reduction in weight resulting in a weight advantage of approximately 18% over plywood floors. The product also features an innovative surface shield developed jointly by Conforce and Bayer. The Company expects that key customer final product evaluations resulting from ocean-going trials will be completed during the third quarter of calendar 2009. Upon successful completion of the trials, the company anticipates receiving orders for shipments in 2009/10. Commencing in the second quarter of calendar 2010, the company plans to fulfil orders for EKO-FLOR cs-4 from a new state-of-the-art Conforce facility to be established in China.
Harry M. George, Bayer MaterialScience Market Unit Head, Molded Parts, NAFTA, stated that "In my opinion, Conforce has stretched the manufacturing envelope with this innovation. EKO-FLOR is ground- breaking technology; it's very unique. And we at Bayer are very excited to be involved in this strategic partnership with Conforce on the EKO-FLOR project."
The partnership will also provide valuable support for EKO-FLOR ms-1, a composite panel system designed specifically for use in rapid deployment special application US military containers. Conforce recently commenced production of ms-1 to fulfil its first order and according to Joseph DeRose, Conforce Vice President of Product Development, "Bayer made a significant contribution to the commercialization of ms-1 by organizing equipment design, processing and product testing resources that were able to support our technology."
Conforce President & CEO Marino Kulas added that "this partnership with Bayer better positions us to execute on a global scale. We are confident that by combining the vast resources of Bayer with our EKO- FLOR innovation, we will be able to redefine the future of the container industry."
About Bayer MaterialScience
With 2007 sales of Euro 10.4 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. In 2007, Bayer MaterialScience had 30 production sites and employed approximately 15,400 people globally. Bayer MaterialScience is a Bayer Group company. For more information, please visit www.bayermaterialscience.com.
About Conforce International
Management of the Company has been in the shipping container business for over 25 years. Conforce operates a multi-acre, full service container Terminal that provides storage, handling, repair and transportation services for International Shipping Lines. In addition to its terminal business, the Company has developed a polymer based composite panel system designed to change the way shipping containers and highway trailers are made. The environmentally-friendly product, EKO-FLOR, has been certified by the American Bureau of Shipping for use in shipping containers worldwide. The Company has commenced customer evaluations of its product and has received orders for ocean-going trials from International Shipping lines. The Company's objective is to provide a cost-effective, environmentally responsible alternative to the wood currently used as flooring in containers and trailers. Conforce research, currently available in the public domain, indicates that apitong, a specific wood used for container flooring, is rapidly depleting and that a suitable alternative is in high demand. For more information on the Company, please click on the website listed below. Additional information on Conforce may be found by viewing the Company's Form 10 Registration Statement on the Investor Relations page of the Conforce website. The Company recently filed its Form 10 Registration Statement with the United States Securities and Exchange Commission (SEC) and its Form 211 Information Statement with the Financial Industry Regulatory Authority (FINRA) with the objective being to have its securities listed for trade on the OTCBB.
Click to visit: http://www.conforce1.com
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain statements in this press release may contain words such as "anticipates", "believes", "could", "estimates", "expects", "intends", "may", "projects", "plans", "targets" and other similar language and are considered forward-looking statements. These statements are based on management's current expectations, estimates, forecasts and projections about the success of its newly developed container and trailer flooring products, as well as certain other composite based flooring products in various stages of development. These forward-looking statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and therefore the actual results may be materially different from those discussed.
If the share price goes down every day for 2 months it probably means people are selling
If the share price drops everytime the company puts out a pr, thats where the pump part comes in.
Man oh Man, there you go, pump and dump
If history repeats itself there will be a rise in the morning as the fresh meat steps up to the slaughter pens. Then around or before 10.am the dumps will begin
Vital Products, Inc. Signs Agreement for Paper Packaging System
Thursday February 19, 2009, 7:30 am EST
CONCORD, Ontario, Feb. 19 /PRNewswire-FirstCall/ -- Vital Products, Inc. (OTC Bulletin Board: VTLP - News), a multichannel innovator in the industrial packaging sector, announced today that it has signed an agreement to market a paper packaging system.
Vital Products Chief Executive Officer, Michael Levine remarked, "Paper packaging has been a staple in the industrial packaging market for many years. Machines today produce different profiles of scrunched or crumpled paper, but in the end they all perform a similar function."
Mr. Levine further commented, "This new agreement gives us access to a new green technology that stands alone in the market. Quite frankly there is nothing available, or in fact similar to the product that we will be marketing. The system produces a superior kraft paper product that simulates a moldable nest, yet remains price competitive with other paper products, giving us the advantage of performance and range of use."
Correct Me if I have this wrong.
The initial registration statement authorizes them to issue up to 100,000,000 common shares
7. CAPITAL STOCK
Capital stock consists of 1,000,000 authorized preferred shares with a $0.01 par value and 100,000,000 common shares with a $0.0001 par value.
They are issuing shares for payment of an outstanding promissory note to Metro One
Between October 14, 2008 and October 24, 2008, an existing investor converted $1,710,000 principal and interest amount of a promissory note into an aggregate of 15,200,000 shares of our common stock, at a conversion rate of $0.1125 per share. Payments under the note are convertible into shares of our common stock at seventy five percent of the lowest closing best bid prices of our common stock for the fifteen trading days prior to the conversion date.
As long as the issues are less than 5% at a time and the reciever does not hold more than that at any one time they are not required to register as a benificial shareholder.
The annual filing included the conversion information (see above)
They are issuing shares for acquisitions
3. RELATED PARTY TRANSACTIONS
On October 2, 2008, the Company issued 10,000,000 restricted shares of common stock to Michael Levine, CEO, President and Chairman of the Board as a deposit on the acquisition of Den Packaging Inc. valued at $2,000,000.
They are issuing stock for consulting services
Issuance of stock for consulting services 500,000
I'm guessing the outstanding share count has at least tripled since the last annual filing, but I can't know until the next filing
As of December 5, 2008 the Issuer had 36,450,000 shares of common stock issued and outstanding, par value $0.0001 per share.
I guess this means nite is the market maker for the relisting
Statement of Ownership (SC 13G)
Date : 02/13/2009 @ 1:53PM
Source : Edgar (US Regulatory)
Stock : Metro One Development (OTC) (MTRO)
1.NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Knight Equity Markets, L.P., formerly Knight Securities, L.P.
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.22% based on a 1 for 1000 reverse split noted on Issuer’s 8K filing dated January 26, 2009. The reverse split took effect on February 5, 2009
April 13, 2007
NASD Hearing Panel Sanctions Former Knight Securities Executives for Supervisory Failures
An NASD Hearing Panel issued $100,000 in fines against Kenneth Pasternak, former CEO of Knight Securities, L.P. (now known as Knight Equity Markets, L.P.), and John Leighton, former head of the firm's Institutional Sales Desk, for supervisory violations in connection with fraudulent sales to institutional customers in 1999 and 2000.
In addition, Pasternak was suspended in all supervisory capacities for two years, while Leighton was barred in all supervisory capacities.
This stock is about a pumped as a stock can be
www.xplosivestocks.com/Disclaimer
VTLP: 50,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 240,000 free trading shares by Third Party
VTLP: 135,000 shares free trading by Third Party
Thats 1 million two hundred sixty five thousand shares
www.stockguru.com
Pentony Enterprises LLC has been compensated 75,000 free trading shares
Thats 1 million three hundred fourty thousand
www.talkingstocks.com
Pentony Enterprises LLC has been compensated 175,000 free trading shares from a non-controlling party
That 1 million five hundred fifteen thousand free trading shares just to promote this stock so someone could sell shares.
I'm sure I've missed a few.
You never had a chance.
I got your PM, I'm free member (cheapskate)
This is a dtiry rotten shame. I knew it was coming
I'll bet you the pumpers knew it too
I think the outstanding share count is conciderably different than it was in December. I would guess the float is at least 10 times what it was then, but I'm guessing
I traded siri a few times when it was moving before the merger. That yahoo board is the wild west thats for sure. It was fun to prompt someone just to start the fire. Never a dull moment.
You know the old saying, There's one born every minute.
It's a self propagating system.
New hopefully correct filing
http://www.sec.gov/Archives/edgar/data/1445297/000110801709000033/conforce1012g.htm
I posted some of the more obvious, (to me anyway) red flags about Vital Products on the yahoo board. It was not well received. Apparently I am a fool and THEY ARE RESPONDING TO ME IN CAPS.
I also think it is interesting that Vital Products is using shares to pay off the purchase from Metro One. They are also using shares to pay off the aquisition of a company aquired from the ceo Micheal Levine. There is a third party shareholder of Vital using shares to pay for pumping sites, I wonder who that might be? Stock Guru,Xplosive stocks etc. Massive selling into each press release, Over triple the outstanding share count since the last filing. sound familiar?
Incorrect Filing statement
http://app.quotemedia.com/quotetools/showFiling.go?name=CONFORCE%20INTERNATIONAL,%20INC.:%20RW,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D12%26ipage%3D6114303%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=HTML
CONFORCE INTERNATIONAL, INC.: RW, Sub-Doc 1
February 6, 2009
United States Securities and Exchange Commission
Division of Corporation Finance
Washington, D.C. 20549
Attn.: Daniel Morris
Re: Conforce International, Inc.
Request to Withdraw Form 10
File No. 001-34203
Dear Mr. Morris:
Please be advised that Conforce International, Inc. (the “Company”) hereby respectfully requests withdrawal of the above-mentioned Registration Statement pursuant to Rule 477 of Regulation C promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Act”). The Registration Statement was originally filed on November 3, 2008 (as amended December 11, 2008).
The Registration Statement was filed under the incorrect labeling/header 12(b). Accordingly, the Company respectfully requests that the SEC grant an order permitting withdrawal of the Registration Statement and declare the withdrawal effective as soon as feasibly possible. The Company also respectfully requests that all filing fees submitted to the SEC in connection with the filing of the Registration Statement be applied to the Company’s immediate future filing of the Registration Statement under the heading 12(g).
If you have any questions regarding this request for withdrawal, please contact our legal counsel, Kimmel & Kimmel at (330) 995-0051.
Sincerely,
Name: Marino Kulas
Title: President & CEO
Vital products Part 3
In September 2008, we changed our business plan, we intend to pursue a new line of business as a developer and distributor of industrial packaging products. We are in the very early stage of this change in business model however and we may not be able to pursue our plans due to our lack of capital.
(Who should we buy this new line of business from, and how we going to pay for it)
(On October 2, 2008, the Company issued 10,000,000 restricted shares of common stock to Michael Levine, CEO, President and Chairman of the Board as a deposit on the acquisition of Den Packaging Inc. valued at $900,000.
(Just a deposit huh)
(Shareholders)
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
As of July 31, 2008, we have accrued a total of $70,508 in rent to Michael Levine, our Chief Executive Officer
(And who is Micheal Levine)
BIOGRAPHIES OF EXECUTIVE OFFICERS AND DIRECTORS
Mr. Michael Levine has served as our Chief Executive Officer and Chairman of the Board since June 2005. Mr. Levine devotes a minimum of 25% of his working time to the affairs of our Company.
( What is the end result of all this and what does it mean to you the shareholder)
7. CAPITAL STOCK
Capital stock consists of 1,000,000 authorized preferred shares with a $0.01 par value and 100,000,000 common shares with a $0.0001 par value. As of July 31, 2008 and 2007, there were no issued and outstanding preferred shares.
10,750,000 shares of common stock had been issued and outstanding for both years.
As of December 5, 2008 the Issuer had 36,450,000 shares of common stock issued and outstanding, par value $0.0001 per share.
(Whoa a triple, 10 million to 36 million, in six months, haven't we been busy)
Vital Products Part 2
As of October 31, 2008, we have a $248,313 of notes payable and $144,520 of advances due to Metro One Development, Inc. (formerly On The Go Healthcare, Inc.), payable on demand. We do not know when Metro One Development, Inc. will demand payment on this $144,520 advance, however, should Metro One Development, Inc. demand payment we would need additional capital to repay this obligation.
As part of our acquisition of assets from Metro One Development, Inc. (formerly On The Go Healthcare, Inc.), we agreed to issue $250,000 worth our common stock and two Promissory Notes in the amount of $1,005,000. On February 23, 2006, we replaced the original Promissory Notes and issued Metro One Development, Inc.
two Secured Promissory Notes with a face value of $1,206,000. The increase from $1,005,000 to $1,206,000 represents a full year of accrued interest. Although a full year of interest had not yet accrued, we agreed to include interest of $201,000 as opposed to $128,860 as consideration for replacing the original note. The face value of these Secured Promissory Notes increased by 20% on July 3, 2007, resulting in a principal balance of $1,447,200 for the year ended July 31, 2007. On July 3, 2008 the face value of the Secured Promissory Notes will increase by an additional 20%. We must repay the Secured Promissory Notes on March 11, 2009, one year after the Securities and Exchange Commission declared our registration statement effective. The Secured Promissory Notes pay 20% simple annual interest. We may prepay the Notes at any time with accrued interest and without penalty.
For the year ended July 31, 2007, the Company wrote off certain equipment and molds that provided no future economic benefit. The value of the writedowns approximated $438,000.
(Boy thats a lot of money to owe for a product line that produced zero revenue and for which there is no competetive market, how we gonna pay that off with no money coming in? Perhaps I have an idea)
Between October 14, 2008 and October 24, 2008, an existing investor converted $1,710,000 principal and interest amount of a promissory note into an aggregate of 15,200,000 shares of our common stock, at a conversion rate of $0.1125 per share. Payments under the note are convertible into shares of our common stock at seventy five percent of the lowest closing best bid prices of our common stock for the fifteen trading days prior to the conversion date.
(Lets get the shareholders to pay it off, thats what they are for isn't it)
We intend to raise funds through the issuance of debt or equity. Raising funds in this manner typically requires significant time and effort to find accredited investors, and the terms of such an investment must be negotiated for each investment made. We cannot guarantee that we will be able to raise sufficient funds to meet our obligations. If we do not raise sufficient funds, our operations will be curtailed or will cease entirely and you may lose all of your investment.
(This baby bath thing isn't working out,what should we do?)
Vital Products Part 1
Lets get into this a bit deeper shall we.
(My opinions and thoughts will be in parentesis)
Some portions of the filing are also in parenthesis
VITAL PRODUCTS, INC.
Notes to Financial Statements
October 31, 2008 and 2007
(Unaudited)
1. NATURE OF OPERATIONS AND BASIS FOR PRESENTATION
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.
(Purchase a company with an existing product,wonder why their selling, oh well, their lose our gain)
As of July 31, 2008, our sole business was to manufacture two products under the On The Go name: a padded training seat that helps toddlers with potty training, and a baby bath with a contoured shape to cradle babies 0-6 months old. As of July 31, 2008, these two products did not produced enough revenue for us to cover our expenses. After evaluating the market for baby care products, we determined that the industry does not offer enough opportunity for a small company to create products that are affordable to develop, price competitive for the consumer and that we can introduce into distribution channels without significant expense. As a result, we determined to not invest further funds developing our baby products line.
We do not own patents on our childcare products and we do not intend to file for patent protection on those products. We do not currently have the capital required to register any patent and would not be able to expend the funds necessary to defend a patent if it was infringed. At this time, we believe that the benefit of obtaining patents would be outweighed by their expense.
(Well I guess we know now, I wonder why our extensive DD done before the purchase didn't reveal this. At least we might have received patents)
It may not even be the company that is selling shares. They are issuing shares to investors to pay off debt. If the shares are unrestricted what the investor does with those shares is his own business. There is a third party shareholder using shares to pay for promotion to provide a market for those shares he is being issued. He is using more than one stock promotion venue. If the investor sells his shares and receives them incrementally without accumulating a larger than 5% interest at any one time he doesn't even have to register the shares to sell them. Also they are paid at a percentage less than the best available bid over a specified period of time previous to the issuance. Less than you will ever pay.
This wonderful Investorshub forum actually has a board to provide you with knowledge concerning that matter, here is the link
http://investorshub.advfn.com/boards/board.aspx?board_id=5827
Aren't they wonderful
Well I've burned through all my posts for the day.
Imho (in my honest opinion)
That is absolutely correct. I'm only bringing here because Metro owns all of Vitals assests.
The notes Metro holds are payable in March of this year.
I posted that I had no knowledge that Vital has any intention of ever doing a reverse split. I just said that the two are connected and Vital is taking the same path as Metro. The only difference I see is the third party paid promotion. I cannot hold it against Vital for the actions of a third party shareholder. I posted portions of both companies filings. It was plainly indicated which filing excerpt related to each individual company.
Metro one is one company
Vital products is another
They are related but different.
Metro One owns all of the assets of Vital because of a purchase aggrement.
You asked so I looked. Risky IMHO If you see black take it.
Maybe it's me but I'm not sure all of my posts are making it to the board. I'm sure it's my mistake.
This stock is like one of those zombie games my kid plays on XBOX. No matter how many times you shoot it down, it just regenerates :)
.036,Sad state of affairs. Oh well, gotta pay those bills.
I'm sorry, sometimes I'm too playful in my posts and I forget that always dosen't translate very well.
I don't believe the shareholders "value" is even a factor in the equation.
It's all set up to sell shares, that's all I've ever seen.
If somehow any post I make here gives the impression that I am recommending this stock Titan has my authority, yes even my fervent request to delete it immediately.
You guys are kinda touchy, but I understand completely
It's an intersting aside but the investor relations contact at Metro One (On The Go Healthcare)was actually very helpful in assisting me with information.
He was the one that always insisted I read the filings and try to keep informed. I still lost every cent I put in..LOL
I'm sorry you lost. Believe me I take no joy in someone else's misfortune. I make no recommendations one way or another. IT IS UP TO THE INDIVIDUAL TO MAKE THEIR OWN DECISIONS BASED ON THEIR OWN BEST INTERESTS AND DD.
The informations is out there and anything of value is included in a companies filings. Press releases,message boards,paid pumping sites tend to be a bit onesided.
I don't even trade these penny stocks any more,things have gotten so cheap on the nyse and nasdaq that I believe for me it's a better way to go. Less manipulation, more transparency.
Pennys are the land of dreams, and these companies know that and use it.
Thanks any time
I wouldn't recommend this to anyone though. I'd rather throw money out the window of my car to watch the show. More value for the dollar
If memory serves me correct I played Metro when the last reverse and symbol changed and I made money. Had a wide spread like now. In and out you know, small share count but I made money.
Scottrade is showing bid .11 ask .20
Almost exact setup as before
I guess I'm being too vague. Do you know how a CEO say's FU...Shareholder value.
Of course he will get it relisted, he needs the money stream.
I had some coaching during my learning process. I am happy to share any thoughts or dd with you at anytime. Thank you
Was I being sarcastic, in a way yes and in a way no
I firmly believe that Mr Turk has the tool set available to file the correct paper work to move this stock in the direction he wants it to go. I think I have seen ample evidence of that fact over the last 2 years. What his ultimate goals are is the question, I believe it was share holder value wasn't it?