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Show the quote from the SEC that uses the word "worthless".
Show on the SEC filing the name VGTel, Inc. as a listed defendent.
Maybe a penny by July 4th. That'll be about about 6 weeks before the Q2 required filing date. If substantial share retirement also occurs in coordination with the 10-K and first quarter 10-Q, we might get to two cents before the second quarter 10-Q hits.
Maybe a penny by July 4th. That'll be about about 6 weeks before the Q2 required filing date. If substantial share retirement also occurs in coordination with the 10-K and first quarter 10-Q, we might get to two cents before the second quarter 10-Q hits.
And by the way, Durante was the majority stockholder in the company and he was listed in the indictment.
1.) Why would a deceitful owner who manipulated stock prices and pocketed millions of dollars of investment funds that were supposed to be invested in VGTL file a SEC 13G that would have exposed himself? LOL!
2.) Show me the quote from the SEC that says VGTL was a "worthless" shell. When you fail to find it, and you will fail because that was the opinion of another poster on this site who also does not own any VGTL, you will officially be on the deliberately false side of the argument.
"Toledo Advisors LLC has rights under a convertible note to own a aggregate number of share of the issue common stock not to exceed 9.9 percent of shares outstanding" - 2/3/16 SEC SCHEDULE 13G (Rule 13d-102)
Toledo Advisors LLC states that to be 9.9% of the Outstanding Common shares and they sold those roughly 4.5 million common shares, that means that as of Feb 3, 2016, the outstanding Common Share structure was around 45 million.
That's more than the 27 million indicated in February of last year, but not much. They very likely still only have 200 million Authorized.
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No more false allegations.
Maybe not. Here is the filing cover page:
SECURITIES AND EXCHANGE
COMMISSION,
v.
EDWARD DURANTE,
ABIDAKHAN,
Plaintiff,
LARRY WERBEL,
CHRISTOPHER CERVINO,
WALTER REISSMAN,
KENNETH WISE
and
EVOLUTION PARTNERS WEALTH
MANAGEMENT LLC,
Defendants.
VGTel, Inc. is not listed and not because it's not a named individual like Mr. Durante or Mr. Werbel. You'll notice that EVOLUTION PARTNERS WEALTH MANAGEMENT, a limited liability partnership corporation, is listed as a defendant.
So no. VGTel, Inc., the corporation, is not under investigation.
I'm sure he does, although he'll be satisfied initially with .05 by the release of the Q2 financials. If it can hit .05 in his timeline you know it will go higher than that as we move on into Q3/Q4.
I think a few on this board wil not be surprised when it happens (maybe pleasantly surprised), but I think this will jump up to .001 fairly quickly when either the Q1 financials come out(not the 10-K annual we're expecting in March), when he retires shares, or when 8-K type news comes out on this and other projects he's working on.
Well, if anything else it demonstrates that Tom is bound and determined to produce at least the first three episodes, now that he's aquired funding through INMG's film library and maybe some private investors through issuance of preferred shares. Hopefully it meets the end of this month deadline. If it does, there will be all of March to market it in order for us to see initial revenue from "Mountains" in the Q1 financials expected by middle of May. If it fails, which I seriously doubt, then he's got other irons in the fire. They can be seen on the Innovativ Media website.
Cult followings often surprise producers with greater than anticipated numbers, though. And, since there has not really been a successful production of this particular H.P. Lovecraft story (several have tried, including Paramount Pictures), we can expect to see more than the usual interest in this animated adaptation by Tom. Adding to this is Lovecraft's popularity among afficianados of Horror fiction. This is a quote from Wikia, a website dealing with this type of genre whether it be movies, games, or other forms of entertainment about the author:
"Although Lovecraft's readership was limited during his life, his reputation has grown over the decades, and he is now commonly regarded as one of the most influential horror writers of the 20th Century, exerting widespread and indirect influence, and frequently compared to Edgar Allan Poe in the tone of his writing style."
Reference: http://lovecraft.wikia.com/wiki/Howard_Phillips_Lovecraft
It would be nice for Tom to let us know ASAP by whatever means that the first episodes have been completed and ready for distribution when that occurs.
One last thing. We've all been clamoring for updates and information from Tom, which seems to have fallen on deaf ears for the most part. There may be a reason for that. In the production world, competition through copycats is rampant and there is nothing the competition would like more than to get ideas for their own production from Tom's updates to us. This might explain his reason for keeping a lid on the updates and production progress. The production of the Mountains of Madness is more than just a simple animated movie. It opens up the Lovecraft web channel to other productions of this genre that will attract a worldwide fan base.
This will take some time and he did mention Q2 2016 as when we'd see results. This is going to be bigger than one series. This will be huge when the ball starts rolling. You've got to give Tom credit for his vision of the future of the entertainment world and the internet. It's spot on. But everything always has to start somewhere and beginnings are usually slow and complicated by funding. Well, he's past that now. So buckle up and hold on tight.
We had some volume increase when he came out with the first interview and the business plan. Then it was a waiting game at .0003 until the 3rd quarter financials were released. In anticipation of the financials, the stock volume started to rise but not the pps. Then on the day the Q3 fins were released it did the following:
Day 1 close .0005
Day 2 close .0006
Day 3 close .0004
Day 4 close .0004
Day 5 close .0003
Day 6 close .0002
Day 7 close .0001
Even though the financials were a tremendous improvement, the financials were not up to expectation and one of the ones who was pumping misleading statements about possible millions in revenue (instead of what Tom clearly said was $200k/year to start) jumped ship with 10's of millions of shares, never to be heard from again. The potential for INMG is very good but you're correct about Tom as a businessman with respect to the shareholders. I hate to admit it, but he's out of touch with the investors. You'll notice that the last news about there being more news via social media actually had no news as part of the announcement. It was just a statement that social media would be used for updates but guess what? No updates. I Tweeted Tom twice the same day (Feb 2) @innovativmedia asking him 1) How the Mountains of Madness was coming along and 2) Congratulating him on the use of Twitter and Facebook. Then...cricket sounds.
Nothing. I haven't heard anything. Not even a "Thanks" for the congrats which means the account has been set up but he's not using it.
So nothing has changed. We'll just have to wait to see how the 10-K turns out when it's released in March.
I tweeted Tom for an update to the production of Mountains of Madness. Suggested a clip/teaser. Let's see if the communication is two way or not.
Seems like that would be a logical thing for Amilya to have done had she left. With all of the negative PR from the Durante SEC case, it would have forced her to publicly distance herself from VGTel if she was no longer with the company. After all, her reputation is most important to her.
The fiscal year ends for VGTel March 31. Something should happen before then in the way of filing or this is the end. Can't hold out forever on no news and no filing of a 10-K since July 7, 2014. It wouldn't be prudent from a business standpoint no matter who the CEO was.
Found the video at the bottom of this post on Amilya's Eff Creative site (amilya.effcreative.com/). The video is current as of today. Notice the inscription/title at the beginning of the video. It has her listed as a CEO. I don't know if it's referring to her past experience as CEO of previous companies or if it's referring to VGTel, Inc.
I'm going to give her the benefit of the doubt and assume it's current and wait for her next official PR.
It's true that the VGTel website link (www.360entertainmentandproductions.com) is not working. That could be a technical difficulty or a termination of the website. If it has been terminated that could mean that a new website is being put together.
video link:
Scratch that!!! Meant VGTL.
You're half right! But where's the dump?
It's been over a month now...well?
With big news on the supplier deal (posting on their website) this will blast up past a penny. but the news may only fuel the fire for a few days.
Without news we may sit around 7 for a few days until something changes.
Without news and with the release of the fins next Friday, you may see another bear attack down to 35.
I thought about doing that. I figured I'd try to flip a mil at 64 and buy back in the 50's, but then figured the past history wasn't favorable toward that so I took a deep breath and walked away from the computer. If it had stayed in the '50's or below through tomorrow morning I was going to sell 5 mil and count on another bear attack and hopefully buy back 10 mil at half the price. It didn't last very long at '58 and I'm glad I didn't touch my account.
Nice little gain today from 61 to 69.
Absolutely fm. And there's lots of other decent OTC's that use social media for all of their news pr's. This latest decision by Tom will only help INMG and I'm glad he's made this move. He may not tweet that much but at least it's a way for all of us to communicate with our CEO and to see how he responds to questions about the company and its progress.
Good times ahead!
Absolutely fm. And there's lots of other decent OTC's that use social media for all of their news pr's. This latest decision by Tom will only help INMG and I'm glad he's made this move. He may not tweet that much but at least it's a way for all of us to communicate with our CEO and to see how he responds to questions about the company and its progress.
Good times ahead!
I have to agree. Nothing has changed other than the way and perhaps the frequency of Tom's PR's to the shareholders. At least if he follows through on Twitter or Facebook with a little more transparency and updates on production progress we may see this come off the floor, but not by much. The company is still solid although with those millions on the Ask it's obvious that many are tired of having sat here for months without movement and just want out. If you put all your eggs in this basket then you've made a mistake in the short term. You could have been using some of those funds on some other OTC's that have been moving in the meantime. You're going to have to wait until Q1/Q2 before you will see any significant rise in INMG.
Although certain ones on this site have been with INMG from the beginning and have done a great job with their efforts to get Tom to communicate more (and look, that's paid off), the simple truth of the matter is that posting in all caps continually is a surefire way to send everyone running for the hills. It's like having a conversation with someone who only knows how to yell.
Teddy Roosevelt said it right, "Speak softly...but carry a big stick."
The big stick is the DD and INMG's got pretty decent DD and a CEO that I believe has listened to some of our concerns about a lack of cummunication. INMG will only get better as we move toward early summer. But right now the foundation is being laid and that's a slow process. Calmer heads will prevail and see great gains for the patience.
Same here.
I hope you're right but I think the $50k, even though only for the last 2 weeks of the quarter was in actuality for the entire quarter. Tom said he was looking at $200k a year in revenue from the film library until the new revenue sources kick in. I hope you're correct, but I fear a lot of disappointment if the annual shows the $50k gross for the last quarter plus $50k for this quarter for an annual gross of $100k, plus or minus the first 2 quarters as GBGM, minus production expenses. It's still two consecutive quarters with nice income but with the startup costs of "Mountains" added in, net profits might be minimal. Based on last year's timing of reports I'm pretty sure were not going to see the 10-K until middle of March.
A lot of good things are coming together but the fins may not show a net breakout until the 2016 Q1 report due by middle of May. Like I said, I hope you're right.
FM, where are we getting the $300k from? I thought Tom said $200k annual revenue.
FM, where are we getting the $300k from? I thought Tom said $200k annual revenue.
The stalemate will continue, IMO, until the Q1 fins are released. I do feel he's going to have to retire shares also but I don't think he's going to make that happen until he feels the financial growth from new revenue streams will support and justify it. If he just retires shares without the added revenue from company productions and ventures, the stock will pop and then drop back down with a thud.
The business end of this company is what Tom's all about. And that's production. That's what it was all about when he formed Atlantic Entertainment Group in the '70s and he hasn't changed, with one notable exception. In 1985, they began a relationship with Paramount Pictures whereby the studio provided them money for larger-scale theatrical releases in exchange for home video and television rights to their films. In January 1989, Atlantic made a new deal with Kartes Video Communications for home video rights to the movies previously covered in the Paramount deal. Tom learned his lesson about distribution rights being the name of the game, but too late. They ultimately ceased operation shortly after this deal, amidst large financial losses from larger-budgeted films such as 1969.
He's not making that same mistake again. He knows that distribution revenue is everything, as is owning streaming channels. He's priming INMG right now.
Yeah, we're all tired of the 1's and 2's. Wish it were better now. I won't make excuses for him. I've commented on his lack of communication before. It's just the way he is. It just doesn't bug me at all. I can wait.
They would be if Tom was at least tweeting or using some other social media to give us updates. The problem is the lack of news. Won't hurt INMG in the long run but the short term lack of info I believe is artificially suppressing the stock. If he's thinking buyback, maybe that's what he needs. A low buyback price.
I KNOW!!! How boring can one get!
I'll wait. I'm interested in seeing how the financials of this 10-K coming out compare with that last 10-Q. Won't make a difference in my strategy with INMG though because it's all about what's going to be happening come this summer.
I'm sure boring will be replaced by some pretty good growth.
This is from Tom's most recent interview with ISD in November:
ISD:
Innovativ recently released its Quarterly Financial results which showed significant increases in revenue and shareholder equity. What factors are driving the numbers?
TC:
"The Quarter ending September 30th is the first period which reflected the assets gained from the acquisition earlier in the year. The current revenue streams are primarily derived from the cash flows generated from existing contracts with distributors of the Company’s filmed entertainment. The only material expenses in the near term will be the ongoing amortization of the content and development and production costs. As part of the acquisition agreement virtually all Company debt was retired and, factoring a fair market valuation of the assets vended, net equity increased tenfold."
ISD:
Does the Company plan on raising capital?
TC:
"Although the Company would certainly be open to investment we are aware that most of the financing available to small cap pubco’s today is in the form of Convertible Debt, which is very dilutive and can be toxic to small businesses, so we have no current plans to take in this kind of capital and we believe the Company can sufficiently fund its plans from existing cash flows."
Are you talking about the garbage company that the former officers had formed, Cardiff Partners, LLC? Because if you look at the settlement, it favored TPAC ("the company"), and Harbin Aerospace.
Those officers had to return 3,728,503 of their 5,728,503 shares back to TPAC. Furthermore, their Series Stock warrants were adjusted out to the year 2020 with a cap on their rate of disposal.
Total win by TPAC in the settlement and justification of the lawsuit against Cardiff former associates!
Try reading the whole thing!
Probably so. Same for Intel, GM, Microsoft, and Apple too. The world market is in a crash dive.
Hope so!
Since the time iNMG acquired GBGM, it's been about 7 months. When that occured Tom said investors would not see the results of the business plan start to produce a pps rise until Q1/Q2 2016. Nothing has changed other than posters criticizing the company for "nothing happening." So, if that's the issue, go away and come back around May and then decide if it's a loser or not. No reason for an RS. He's got his revenue stream already.
His latest interview from Uptick newswire:
http://investorspotlightdaily.com/2015/11/interview-with-innovativ-media-group-inc-ceo-tom-coleman-tc/
2 billion in 2006 when the name changed to VGTel. It has since changed, as has the named director on the NY Corp title which has also not been updated.
Last known share structure:
Total shares authorized: 9,960,000,000 as of: 10/27/15
Total shares outstanding: 3,379,777,485 as of: 10/27/15
Too bad.
If it was the president that sold his holdings then either he did not have a lot of faith that VGTL would make it, or he wasn't privy to what Amilya had in store for VGTL. He did leave at the end of September, and it could have been due to a lack of confidence on his part or an inability to go along with the direction that Amilya was pushing for. Otherwise he would have held on to his shares.
Anyway, we still don't know what the heck is going on within VGTL.
So here's a rundown. Check your amounts you stated:
ubertoaster..............2,500,000
Ciroc.......................4,750,000
Dehart1957..............3,000,000
AK2003......................700,000
cloudbreak..................981,000
airwolker..................4,000,000
diversified holdings...1,000,000
swade57.................1,700,000
pennyking130.............950,000
Breeze1..................4,864,025
mick1202...................410,000
JonnyBGood..........10,000,000
Adelman337............1,000,000
Rockstar55..............2,000,000
jimmynaps.................225,000
cloudbreak.................257,000
Bacon23.................1,000,000
pennies4beer...........1,900,000
________________________________
Total.....................41,237,025 (so far)
The last filing back in March of a 13G showed a beneficial investor owning 2,906,921 common shares and the report put that at 9.9% of the common stock. That makes the common stock at that time: 28,778,518. So it looks like we've had preferred that were given as payment for some of the debt that were not in the float convert to an additional 12,500,000 common shares, now in the float.
That's not a lot of dillution.
Other than the voting concern to issue more of the authorized, so far it's only about 10 million over. Today, that only amounts to about $23,000.
There hasn't been a 10-Q filed since February, so there could have been a vote w/o us knowing.
I worru more about the issued and authorized being bumped up 500 million or a billion like a lot of other pinks. I think we're fine as far as the share structure goes.