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I actually have faith that if in fact this company wants to return to the otcbb they have the skills to achieve it. I can't think of anyone better qualified to move this stock in the direction he wants it to go
I cannot claim to know if Vital Product has any intention of doing a reverse ever. But you will never know about it until after the company votes it in and files .
I can tell you that they are taking the same path that On The Go took, exactly the same path. They (On The Go, Metro, take your pick) did it multiple times. The share based debt conversion, the share based stock promotion. The sell offs into press releases. The increase in outstanding share count. Then the reverse split and the new symbol. They would just run out of shares and had to start over to pay off the loans. They (Metro) are as of their last report being sued by multiple vendors. Metro was also delisted from the OTCBB and reduced to Pink Sheet status. Vital may be the greatest couple of guys ( 2 employees) in the world. But you wouldn't think that if you bought in at .40 and are waiting for the turn around. 10 baggers aren't that easy to come by, and thats what you would need at this point.
From the SEC
Annual Report (Small Business Issuers) (10KSB)
Date : 11/13/2008 @ 2:52PM
Source : Edgar (US Regulatory)
Stock : (VTLP)
(Excerp)
WE GRANTED METRO ONE DEVELOPMENT, INC. A SECURITY INTEREST IN SUBSTANTIALLY ALL OF OUR ASSETS AND, IF WE DEFAULT ON OUR FINANCING ARRANGEMENT WITH THEM, THEY HAVE THE RIGHT TO TAKE SUBSTANTIALLY ALL OF OUR ASSETS.
In order to satisfy our obligation on our Notes Payable as part of our acquisition of assets from Metro One Development, Inc., (formerly On The Go Healthcare Inc.), in July 2005 we issued two promissory notes totaling $1,005,000. In February 2006, we replaced the two promissory notes with two new Secured Promissory Notes totaling $1,206,000 which included $201,000, the amount which would be due in accrued interest for one full year. We must repay the Secured Promissory Notes one year from March 11, 2008 which was the date the Company's registration statement was declared effective by the Securities and Exchange Commission. Until that time, on July 3, 2006 and each anniversary thereafter, the face value of the Secured Promissory Notes will increase by 20% until the Secured Promissory Notes are paid in full. The Secured Promissory Notes pay 20% simple annual interest. We may prepay the Secured Promissory Notes at any time with accrued interest and without penalty. The Secured Promissory Notes had a principal balance of $1,447,200 and $ 1,740,640 for the years ended July 31, 2007 and July 31, 2008 respectively.
Also from SEC.
Form 8-K for METRO ONE DEVELOPMENT, INC
30-Jan-2009
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
On January 11, 2009, pursuant to stockholder consent, our Board of Directors authorized an amendment to our Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of the issued and outstanding shares of our common stock, par value $0.0001, on a 1 for 1,000 basis. We filed the Amendment with the Delaware Secretary of State on January 13, 2009 with an effective date of January 26, 2009. Although the amendment was effective on January 26, 2009, the reverse split will not be effected until we receive approval by the NASDAQ OMX Group, Inc. We are currently waiting for NASDAQ to approve the foregoing reverse split so that it is effective in the market.
Holy Crap, Metro One (On The Go Healthcare...Owner of assets of Vital Products) does it again
From the Form 8K filed Jan 30
On January 11, 2009, pursuant to stockholder consent, our Board of Directors authorized an amendment to our Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of the issued and outstanding shares of our common stock, par value $0.0001, on a 1 for 1,000 basis.
Look deep into my eyes, and you will see your future.
Once again, the shareholders will pay, Once again we restart the clock.
Am I wrong, or if this company gets back on the otcbb with the record this CEO has shouldn't the head of the SEC just put a gun in his mouth.
Boy I am sure ashamed. He got this thing relisted on the OTC without me knowing. Had me too busy watching the shell game going on with Vital to see the new move.
Yahoo still showing MTRO.PK
I wonder how all the lawsuits are going. Ther was about 10 last time I checked from venders, fts group, etc.
It would appear he is attempting to get the share price up enough so he can qualify for an uplisting.
From the filing
On January 11, 2009, pursuant to stockholder consent, our Board of Directors authorized an amendment to our Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of the issued and outstanding shares of our common stock, par value $0.0001, on a 1 for 1,000 basis. We filed the Amendment with the Delaware Secretary of State on January 13, 2009 with an effective date of January 26, 2009. Although the amendment was effective on January 26, 2009, the reverse split will not be effected until we receive approval by the NASDAQ OMX Group, Inc. We are currently waiting for NASDAQ to approve the foregoing reverse split so that it is effective in the market.
I haven't been watching Metro at all because I've been more enthralled by the manipulation of Vital Products that has been going on. You may be aware that Metro owns all the assets of Vital. Someone is beating the Vital shares to death.
(No I don't own even 1)
1. Third party shareholder stock based promotion
2. Massive selling into press releases with subsequent increase in outstanding share count and PPS reduction.
3. Equity based debt conversion with promissary notes and 20% interest.
Does any of this sound familiar?
Isn't the Nasdaq a bit of a stretch though?
Try not to buy in the first half hour of the day, or sucker time as I like to call it
I'll bet you just can't wait for the next wonderful news
Press releases... See the price trend
Press Release Source: Vital Products, Inc.
Vital Products, Inc. Collaborates With $300 Million International Manufacturer to Develop Bio-Based Packaging System
Wednesday February 4, 4:00 pm ET
Close -12% .044
Press Release Source: Vital Products, Inc.
Vital Products, Inc. Receives Second Order of Bio-Based Packaging from $140 Million North American Manufacturer and Distributor
Friday January 30, 9:56 am ET
Close .06
Press Release Source: Vital Products, Inc.
Vital Products, Inc. Receives First Order of Bio-Based Packaging
Monday January 26, 6:05 pm ET
Close .06
Press Release Source: Vital Products, Inc.
Vital Products, Inc. Commenced Production of Bio-Based Packaging
Tuesday January 13, 4:00 pm ET
Close .07
Press Release Source: Vital Products, Inc.
Vital Products, Inc. Collaborates With Three Bio-Based Global Packaging Product Distributors
Monday January 5, 7:30 am ET
Close .25
I think it will cross .0075 first. IMHO
This is a repeat of the same pattern used by on the go healthcare, now Metro one, the debt holder of this company and owner of all the assets of Vital Products. If you own this stock you should dread the pr's instead of hopeing for them. That have always sold off into news. Just exactly like On The GO did.
The news brings the new suckers, The news brings the shares.
Do yourself a favor and do some research into the history of Metro One (Or the many incarnations of On The Go Healthcare.) It was always their pattern to let the sharesholders assume the debt. They had Laurus and Dutchess, Vital has Metro One. The good news is you will always be able to get cheaper shares at the next press release
The info that there are multiple screennames replying to each other attempting to maintain a positive tone on this board.
IMHO
If you ask me (Which you didn't)I don't think it will be so much of a run as a slide. If they continue to pay for stock promotion, outstanding debt,and new aqusitions with shares this will hit sub penny long before you see any thing else. Also their promissary notes are due in March of 09.
"We must repay the Secured Promissory Notes one year from March 11, 2008, the date our registration statement was declared effective by the Securities and Exchange Commission. Until that time, on July 3, 2006 and each anniversary thereafter, the face value of the Secured Promissory Notes will increase by 20% until such time as the Secured Promissory Notes are paid in full.
The Secured Promissory Notes pay 20% simple annual interest. We may prepay the Secured Promissory Notes at any time, with accrued interest and without penalty. At the year ended July 31, 2007, the Secured Promissory Notes had a principal balance of $1,447,200."
Ya I do, Every trade except the first this am (100 shares)has been at the ask. The bid has moved up to close the gap
bid.14 ask.15
the ask has moved up also from .14
Seabox Containers...Military
http://www.seabox.com/mil/
Ya, I wouldn't dream of any of that stuff. I just think it might move on this news. Beaten down bad because it took longer than they thought. They did come thru though.
I don't beleive anyone anymore either. LOL
Ok thanks Conforce CFRI.PK
Up 50% so far today on news
Early morning ask was thin, now bid moving up to close the gap.
Buyers hitting the ask
News out today,contracts previously filed docs to uplist to otcbb 10ksb and 211
First Order EKO-FLOR ms-1 Special Application Military Container Panel
http://ca.us.biz.yahoo.com/iw/090129/0469815.html
MARKET WIRE via COMTEX
Military Container
Toronto, Ont. - January 29, 2009 Conforce International, Inc. (OTC-PK: CFRI - "Conforce" or the "Company") is pleased to announce that it has received its first order for its newly developed EKO-FLOR ms-1 special application military container panels. The $1,100,000 order was placed in connection with a Letter of Intent received by Conforce from its United States military contractor Sea Box Inc. in May 2008.
At the request of Sea Box, EKO-FLOR ms-1 was designed by Conforce for use as military supply shelving in United States rapid deployment containers. Conforce President and Chief Executive Officer Marino Kulas explained that "the task we were given was to develop a variation of our cs-4 flooring profile to support military supplies stored in specialized containers around the world. The objective was to produce a light-weight composite panel with load bearing properties. We are happy to have met the challenge and as a result, we are confident that this development will enable us to supply EKO-FLOR panels for numerous military and non-military containers".
While the first order will generate over US $1,100,000 in revenues for Conforce, on-going orders from Sea Box are expected to generate revenues in excess of US $4,000,000 over the next 24 months. Initial production of ms-1 has commenced in North America with the first shipment of panels arriving overseas last week. The EKO-FLOR equipped containers will now be delivered by Sea Box to the US Air Force for final deployment. Manufacturing of the ms-1 panels is expected to be shifted to the new Conforce Production and Development Centre in Ontario by March of this year.
Sea Box President Mr. Jim Brennan added that "when Conforce first heard of our project, I was impressed with their energy and commitment to working with our design group. They were quick to produce a prototype to further develop the product. The first shipment of panels arrived on time and fit the requirements perfectly. We look forward to continuing our work with Conforce to evaluate the potential for EKO-FLOR in other special application containers".
Located in East Riverton, New Jersey, Sea Box specializes in the design, development and production of a wide range of ISO shipping containers for all branches of the armed forces as well as Fortune 500 companies. For the military's rapid deployment requirements, Sea Box solutions include special application containers for electronic and telecommunication equipment, power generation, water purification, emergency medical operations, personnel support, military mission modules, command and control centers, and emergency preparedness modules.
Buyers hitting the ask, bid moving up to close the gap.Kind thing you wanna see
That was on three trades, the ask was thin.
We'll see.
Up 50% on this news
Hi remember me, I got one for you
Conforce....CFRI.PK
Conforce Announces First Order for EKO-FLOR ms-1 Special Application Military Container Panel
http://ca.us.biz.yahoo.com/iw/090129/0469815.html
MARKET WIRE via COMTEX
Military Container
Toronto, Ont. - January 29, 2009 Conforce International, Inc. (OTC-PK: CFRI - "Conforce" or the "Company") is pleased to announce that it has received its first order for its newly developed EKO-FLOR ms-1 special application military container panels. The $1,100,000 order was placed in connection with a Letter of Intent received by Conforce from its United States military contractor Sea Box Inc. in May 2008.
At the request of Sea Box, EKO-FLOR ms-1 was designed by Conforce for use as military supply shelving in United States rapid deployment containers. Conforce President and Chief Executive Officer Marino Kulas explained that "the task we were given was to develop a variation of our cs-4 flooring profile to support military supplies stored in specialized containers around the world. The objective was to produce a light-weight composite panel with load bearing properties. We are happy to have met the challenge and as a result, we are confident that this development will enable us to supply EKO-FLOR panels for numerous military and non-military containers".
While the first order will generate over US $1,100,000 in revenues for Conforce, on-going orders from Sea Box are expected to generate revenues in excess of US $4,000,000 over the next 24 months. Initial production of ms-1 has commenced in North America with the first shipment of panels arriving overseas last week. The EKO-FLOR equipped containers will now be delivered by Sea Box to the US Air Force for final deployment. Manufacturing of the ms-1 panels is expected to be shifted to the new Conforce Production and Development Centre in Ontario by March of this year.
Sea Box President Mr. Jim Brennan added that "when Conforce first heard of our project, I was impressed with their energy and commitment to working with our design group. They were quick to produce a prototype to further develop the product. The first shipment of panels arrived on time and fit the requirements perfectly. We look forward to continuing our work with Conforce to evaluate the potential for EKO-FLOR in other special application containers".
Located in East Riverton, New Jersey, Sea Box specializes in the design, development and production of a wide range of ISO shipping containers for all branches of the armed forces as well as Fortune 500 companies. For the military's rapid deployment requirements, Sea Box solutions include special application containers for electronic and telecommunication equipment, power generation, water purification, emergency medical operations, personnel support, military mission modules, command and control centers, and emergency preparedness modules.
I don't want to break your rules but can I post some info about a pink sheet that has filed with the sec to uplist.
News out today about military order
Low float, large insider ownership
No current dilution.
Interested?
CFRI.PK
Conforce Announces First Order for EKO-FLOR ms-1 Special Application Military Container Panel
http://ca.us.biz.yahoo.com/iw/090129/0469815.html
MARKET WIRE via COMTEX
Military Container
Toronto, Ont. - January 29, 2009 Conforce International, Inc. (OTC-PK: CFRI - "Conforce" or the "Company") is pleased to announce that it has received its first order for its newly developed EKO-FLOR ms-1 special application military container panels. The $1,100,000 order was placed in connection with a Letter of Intent received by Conforce from its United States military contractor Sea Box Inc. in May 2008.
At the request of Sea Box, EKO-FLOR ms-1 was designed by Conforce for use as military supply shelving in United States rapid deployment containers. Conforce President and Chief Executive Officer Marino Kulas explained that "the task we were given was to develop a variation of our cs-4 flooring profile to support military supplies stored in specialized containers around the world. The objective was to produce a light-weight composite panel with load bearing properties. We are happy to have met the challenge and as a result, we are confident that this development will enable us to supply EKO-FLOR panels for numerous military and non-military containers".
While the first order will generate over US $1,100,000 in revenues for Conforce, on-going orders from Sea Box are expected to generate revenues in excess of US $4,000,000 over the next 24 months. Initial production of ms-1 has commenced in North America with the first shipment of panels arriving overseas last week. The EKO-FLOR equipped containers will now be delivered by Sea Box to the US Air Force for final deployment. Manufacturing of the ms-1 panels is expected to be shifted to the new Conforce Production and Development Centre in Ontario by March of this year.
Sea Box President Mr. Jim Brennan added that "when Conforce first heard of our project, I was impressed with their energy and commitment to working with our design group. They were quick to produce a prototype to further develop the product. The first shipment of panels arrived on time and fit the requirements perfectly. We look forward to continuing our work with Conforce to evaluate the potential for EKO-FLOR in other special application containers".
Located in East Riverton, New Jersey, Sea Box specializes in the design, development and production of a wide range of ISO shipping containers for all branches of the armed forces as well as Fortune 500 companies. For the military's rapid deployment requirements, Sea Box solutions include special application containers for electronic and telecommunication equipment, power generation, water purification, emergency medical operations, personnel support, military mission modules, command and control centers, and emergency preparedness modules.
Conforce CFRI.PK
First Order EKO-FLOR ms-1 Special Application Military Container Panel
http://ca.us.biz.yahoo.com/iw/090129/0469815.html
MARKET WIRE via COMTEX
Military Container
Toronto, Ont. - January 29, 2009 Conforce International, Inc. (OTC-PK: CFRI - "Conforce" or the "Company") is pleased to announce that it has received its first order for its newly developed EKO-FLOR ms-1 special application military container panels. The $1,100,000 order was placed in connection with a Letter of Intent received by Conforce from its United States military contractor Sea Box Inc. in May 2008.
At the request of Sea Box, EKO-FLOR ms-1 was designed by Conforce for use as military supply shelving in United States rapid deployment containers. Conforce President and Chief Executive Officer Marino Kulas explained that "the task we were given was to develop a variation of our cs-4 flooring profile to support military supplies stored in specialized containers around the world. The objective was to produce a light-weight composite panel with load bearing properties. We are happy to have met the challenge and as a result, we are confident that this development will enable us to supply EKO-FLOR panels for numerous military and non-military containers".
While the first order will generate over US $1,100,000 in revenues for Conforce, on-going orders from Sea Box are expected to generate revenues in excess of US $4,000,000 over the next 24 months. Initial production of ms-1 has commenced in North America with the first shipment of panels arriving overseas last week. The EKO-FLOR equipped containers will now be delivered by Sea Box to the US Air Force for final deployment. Manufacturing of the ms-1 panels is expected to be shifted to the new Conforce Production and Development Centre in Ontario by March of this year.
Sea Box President Mr. Jim Brennan added that "when Conforce first heard of our project, I was impressed with their energy and commitment to working with our design group. They were quick to produce a prototype to further develop the product. The first shipment of panels arrived on time and fit the requirements perfectly. We look forward to continuing our work with Conforce to evaluate the potential for EKO-FLOR in other special application containers".
Located in East Riverton, New Jersey, Sea Box specializes in the design, development and production of a wide range of ISO shipping containers for all branches of the armed forces as well as Fortune 500 companies. For the military's rapid deployment requirements, Sea Box solutions include special application containers for electronic and telecommunication equipment, power generation, water purification, emergency medical operations, personnel support, military mission modules, command and control centers, and emergency preparedness modules.
You are fast. Beat me to it.
Finally they sold some. nice order also
First Order EKO-FLOR ms-1 Special Application Military Container Panel
http://ca.us.biz.yahoo.com/iw/090129/0469815.html
MARKET WIRE via COMTEX
Military Container
Toronto, Ont. - January 29, 2009 Conforce International, Inc. (OTC-PK: CFRI - "Conforce" or the "Company") is pleased to announce that it has received its first order for its newly developed EKO-FLOR ms-1 special application military container panels. The $1,100,000 order was placed in connection with a Letter of Intent received by Conforce from its United States military contractor Sea Box Inc. in May 2008.
At the request of Sea Box, EKO-FLOR ms-1 was designed by Conforce for use as military supply shelving in United States rapid deployment containers. Conforce President and Chief Executive Officer Marino Kulas explained that "the task we were given was to develop a variation of our cs-4 flooring profile to support military supplies stored in specialized containers around the world. The objective was to produce a light-weight composite panel with load bearing properties. We are happy to have met the challenge and as a result, we are confident that this development will enable us to supply EKO-FLOR panels for numerous military and non-military containers".
While the first order will generate over US $1,100,000 in revenues for Conforce, on-going orders from Sea Box are expected to generate revenues in excess of US $4,000,000 over the next 24 months. Initial production of ms-1 has commenced in North America with the first shipment of panels arriving overseas last week. The EKO-FLOR equipped containers will now be delivered by Sea Box to the US Air Force for final deployment. Manufacturing of the ms-1 panels is expected to be shifted to the new Conforce Production and Development Centre in Ontario by March of this year.
Sea Box President Mr. Jim Brennan added that "when Conforce first heard of our project, I was impressed with their energy and commitment to working with our design group. They were quick to produce a prototype to further develop the product. The first shipment of panels arrived on time and fit the requirements perfectly. We look forward to continuing our work with Conforce to evaluate the potential for EKO-FLOR in other special application containers".
Located in East Riverton, New Jersey, Sea Box specializes in the design, development and production of a wide range of ISO shipping containers for all branches of the armed forces as well as Fortune 500 companies. For the military's rapid deployment requirements, Sea Box solutions include special application containers for electronic and telecommunication equipment, power generation, water purification, emergency medical operations, personnel support, military mission modules, command and control centers, and emergency preparedness modules.
The subject of share based promotion and financing aquisition is a very interesting one and something everyone interested in stocks of this kind should learn. The whole process of obtaining convertable financing, stock promotion, and share structure is linked from the beginning. The press releases that prompt an increase in share volume are usually followed by a registration filing or an increase in outstanding shares. This fact is not included in the press but is quietly filed to cover the legal requirements. The convertable debt holders have to have a place to sell their shares. and they will always obtain them at a discount compared to the retail market. You can find companies like Laurus or Dutchess that will lend you money for your company if you are willing to give them control from the start. The increasing debt load can quickly bury a company in shares as the requirments in shares to pay the notes increases and the value per share decreases. Increations in outstanding shares or reverse splits to restart the share clock are the natural progression of this process. With money even tighter now I imagine the control levels demanded at the onset are even tighter. But if you're a CEO and you have a dream why not. If it works out you're a bigshot. If not the shareholders are left out in the cold. The promotional venues are by no means unbiased however the average newbie won't read the fine print, or filings. These message boards are also a wonderful tool for the promoters. They seem to be full of manipulators posting deceptive or misleading information. The third party promotion used in promoting Vital Products is a new twist for me but I don't think there is really anything new about it. The end result will always be the same, New bagholders. Pumpers sold and gone. Press releases and share increases. Kinda has a ring to it don't it
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Its all set up to sell you shares.
They get paid in shares or cash.
You buy, they sell
Sometimes it looks as though a stock has multiple promotional venues pumping it when actually it is all the same.
Stockguru is owned by Pentony llp which has about half a dozen other stock pumping sites.
Either you misread the press release or your post was meant to misrepresent the facts.
More shares are all thats coming...IMO
Zero revenue. thats a fact not a projection or a suggestion or an expectation.
Million and a half plus in debt. Thats a fact, and I anticipate that figure will grow considering the levels of interest they are paying on that debt
Here's my projection of what I expect will happen based on my trial observations tomorrow.
The price will rise in the open, maybe even up to 2 cents, the dumps will come, and it will close down from the high eod. Many new bagholders will be left scratching their heads.
The pr didn't say there were any orders, you need to read closer
"ramp up production in anticipation of shipping orders"
"We expect to ship our first orders"
"Initial projections based on our customer response suggest"
The current share price is less than 1/3 of what it was SINCE THE LAST PR 8 DAYS AGO
Can a free member be a moderator
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
I don't know your level of experience so don't take this wrong. It is evident in my opinion that this company is issuing shares to pay off debt. There are 2 important figures you need to know about share structure, authorised shares and outstanding shares. As a company uses shares they dilute the float, dropping the value of each individual share. So each time they use shares to pay the debt load they need more shares to do it. When they reach the point that they are maxed out and need more shares they will do a reverse split 100/1 1000/1 whatever they need to restart the share clock. This reduces the outstanding shares by whatever the ratio might be. The reverse requires a symbol change by law. Most if not all companies doing this will file the appropriate paperwork with the sec first and then release the news to the eager public. I am just making an educated guess as to what will happen. I have no inside knowledge or precognative abilities. I think I'd be willing to bet you though
I wish the moderator would tell us all who paid his stock promotion site to pump vtlp.
Please pretty please
There has been some heavy site pumping on the vtlp yahoo board also
I guess if the company can't make a dime you can always sell shares
My crystal ball tells me reverse split and symbol change right around the corner
IMHO of course
Unfortunatley if you read the disclaimer tab on Xplosive's web site the promotion was paid by a third party shareholder.
You lay down with dogs, you wake up with fleas.