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Another interesting comment from Dr. Hariri of MYOS Corporation. Recently, MYOS received investment capital from RENS Technology and the announcement is recorded on this link:
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=81305471&topic=VGTL&symbology=null&cp=null&webmasterId=102249
Dr. Hariri commented on the appointment of K. Bryce Toussaint, former Interim President of VGTel, as CEO of MYOS, "I have gotten to know Mr. Toussaint over the last six months and have been truly impressed by his abilities as an executive, his appreciation for MYOS' business model grounded in bionutrition and biotherapeutics, and his solutions-oriented management style, which are very valuable in fast-moving, entrepreneurial companies. I am confident that Mr. Toussaint will provide MYOS with dynamic leadership to support our ambitious business objectives."
Mr. Toussaint was Interim president of VGTel from July thru September. If VGTel was failing then why would Dr. Hariri be "truly impressed by his abilities as an executive" during the time period that Mr. Toussaint was being observed by Dr. Hariri.
Also, that same PR regarding MYOS had this to say about mr. Toussaint:
"Mr. Toussaint has over 15 years of experience as a management and finance leader, focusing on all aspects of corporate finance, internal audit (financial, operational, compliance, IT)... From July 2015 to September 2015, he served as interim president of VGTel, Inc. (OTC: VGTL)...Mr. Toussaint has also helped such firms raise equity and debt financing, generally serving in an interim management capacity."
Not much but we're not hearing anything from VGTel at this time.
I don't know about "virtual office" since the 100 Crescent Ct. address is a beautiful building with completely furnished office spaces that you can actually touch and lease. Regus rents/leases fully furnished offices at a fraction of the cost of setting up your own. If VGTel was uncertain of where they wanted to relocate to pemanently, moving into a low cost, fully outfitted temp office would make sense. They haven't released another 8-K since September so it's possible they have moved into a permanent office, or it could be that they're still there in Dallas.
Next time you're there, check it out.
Thanks. Appreciate the reply!
I'm with judy. Is this a new request for patent that has been filed or has this been a patent pending that has just been approved?
INTERESTING CHANGE IN CORPORATE OFFICE:
04/02/15 - Form 15 (Termination or Suspension of Registration to file)
Corporate office:
400 Rella Blvd. suite 174
Suffern, NY 10901
04/08/15 - Form 15/A-1 (Withdrawal of Request for Termination above)
06/29/15 - NT 10-K (Non-Timely filing of Annual report 10-K)
New Corporate office:
100 Crescent Ct.
Dallas, Texas 75201
Perhaps VGTel went into reorganization at that time with the relocation of the corporate office to Texas, which is a lot closer to MPSS (Motion Picture Scanning Services in Austin, Texas.)
One week after that filing Amilya Antonetti came on board.
Very interesting and could have a bearing on VGTel's complete separation and distancing itself from Mr. Durante and the old VGTL.
You can never know with a merger until it is announced, however:
1.) She could be talking about VGTL as she did reference "her" shareholders when making comments about an unnamed company that she had news that she was exited to disseminate info on. She also stated in that video that she wasn't "allowed to relay the news yet" and she had to "play by the rules." What other public company is she CEO to be able to say she has shareholders?
2.) In another video she indicated she was working on a "massive, massive merger."
She does do consultation for other businesses and this could apply to another unrelated company. Seems like her efforts would naturally be directed more towards a company she is CEO of.
Well its only about $600 worth.
Good morning men! What's with the price?
That's what I don't understand. The virulent hatred in some of the posts. If they lost money, well so have I. I bought in at around .065 and now it's around .04.
If you can't afford to lose your money then you shouldn't be trading it away. I do believe that EPGlobal is set to dominate at least one sector of the biomems field if not more once the patents come through. We may see Coopervision make some headway with the co-developed tech as well and that would be good too.
It is odd. I don't know what to believe. I'm not ready to fold yet, though. Maybe sometime in February if nothing changes.
Yes. The number for the IR is not posted on the 8-K but it's on the IR website. Called the number. Someone's personal cell phone. I left a message but have not heard back. I don't believe it is the number of the named IR representative on the 8-K.
Oh well, another dead IR company. There are quite a few of them out there.
As per last 8-K from Amilya:
Investor Relations Contact
Michael Briola, CEO
Motion Communications, Inc.
info@motionfc.com
he could very well be shooting himself in the foot. Hope not.
.003 easy. My guess is .0035
Except that the battle in the courtroom involving Mr. Durante and his accomplices (that appear to be, at least so far, outside of current management at VGTL) would not prevent VGTL from making PR announcements about the company to let current investors know the status of the business plan. They just can't comment on the litigation.
So the silence from VGTL is for another, unrelated reason.
Still think this is a "bear raid" with the price now at 21?
Thanks, and I'm not bashing because if I were it would be against my own best interest. I am a owner of common shares (considered minor interest in corporate language) in VGTL who deserves to know what's going on in the company with the exception of insider knowledge. Others who post legitimate concerns or information about the company are welcome and there are a number who have. It's not as simple as if you don't like what's happening just pull your money out because the stock price is far less than when I bought it. Certain claims were made on the last 8-K about restarting the company, an audit, filing of delinquent SEC forms, and keeping us informed. We have yet to have any of these addressed. There are only two reasons for the silence. 1.) A merger or aquisition. 2.) The company cannot meet it's stated objectives. I like reading posts that shed light on these issues but I personally feel that we do not need a "champion of truth" who has no vested interest in VGTL posting negative comments and I question their motives as highly suspect. I do not post on any forums on iHub that I do not personally own shares in and I don't understand why someone would with the exception of those who are contemplating investing in the particular company trying to find out as much as they can about the company.
I haven't sold any shares yet, but something, anything from management stating that VGTel is still operating and the business plan is being carried out would suffice.
There's a great quote from Michael J. Fox (Lewis Rosthchild, one of President Andrew Shepherd's Advisors) in the movie 'An American President' where the conversation is about the silence of the President regarding an issue and the drop in his approval rating because of the silence and the opposing candidate's (Bob Rumson) rise because he is communicating:
Lewis Rothschild: "You have a deeper love of this country than any man I've ever known. And I want to know what it says to you that in the past seven weeks, 59% of Americans have begun to question your patriotism."
President Andrew Shepherd: "Look, if the people want to listen to..."
Lewis Rothschild: "They don't have a choice! Bob Rumson is the only one doing the talking! People want leadership, Mr. President, and in the absence of genuine leadership, they'll listen to anyone who steps up to the microphone. They want leadership. They're so thirsty for it they'll crawl through the desert toward a mirage, and when they discover there's no water, they'll drink the sand."
This stock will respond to silence like it has been, or if someone in the company starts talking, the CEO preferably, maybe it will start going in a positive direction.
Just my two cents.
It would be nice to see a copy of a the $100k purchase order from the Chinese aerospace company. Redact the Chinese company name if that is necessary but some sort of official proof of purchase is in order for the minority owners (stockholders) of this company.
No information or news from VGTL makes sense if a gag order on either an aquisition or merger in development is in effect. It would be nice if they would respond through IR "no comment" on that but then that would be considered an admission of a merger or aquisition by many, otherwise a "No we are not" could simply be stated. If "No we are not" is released then why the silence from the company for so many months?
No information coming out would not make sense if it were simply that the SEC had an ongoing investigation of VGTL underway. The SEC's mandate is to protect investors and a silence on VGTL's part as regards share structure or current conditions of the company (excluding insider info on deals in the making), or a lack of even a statement from VGTL saying they are working with the SEC to correct the company and clear it and any management of wrongdoing would be considered against the best interests of the stockholders. The SEC would want the free flow of information restricted only to the extent that insider information on agreements or litigation would not be divulged.
So it seems like the silence is not being imposed due to either the SEC or any investigation by the SEC.
It might be (or might not be) due to a merger or buyout of some sort. These are unverifiable rumors that could apply to a different company that Ms. Antonetti for which she is CEO.
It is not normal for a company to be silent regarding something as simple as whether the company is even solvent. I emailed the IR we were instructed to contact for information. Here is a copy:
Michael Briola, CEO
Motion Communications, Inc.
info@motionfc.com
Dear Mr. Briola,
I am currently a shareholder of what was formerly known as VGTel, Inc. (OTC: VGTL) and may still exist under that name. I have a little over (redacted) common shares in this publicly traded company so I have an interest in its viability. I have some serious concerns about my investment in light of the lack of any kind of official announcement on the status of the company or its solvency.
I would like assurances from you as the VGTel, Inc. IR representative that VGTel is a going concern in the form of current share structure and status on the OTC market. I do not need nor am I asking for any information regarding what might be considered insider information, such as merger, aquisition, or company progress since the last issued 8-K. By the way, that last information release (8-K) dated September 8, 2015 stated from the CEO, "I look forward to sharing this vision with you in the coming weeks." Perhaps it should have read "coming months." Regardless, it also stated, "contact our Investor Relations firm (your company information) with questions regarding the specifics of your investment in VGTel." I am following this instruction.
If Motion Communications, Inc. is no longer serving as IR for VGTel, or if it still is but you are not the IR contact, please let me know who to contact and I apologize for any inconvenience.
Thank you for your consideration, Mr. Briola
(Signed)
I have not heard back yet. This email was sent on 1/5/16.
I wish I had better news and I realize that some might not like this but why would the posted IR on the latest 8-K not respond by at least acknowledging my email, even if they had NO information?
That's what I'd like to know for sure. What DID Coopervision validate if it wasn't licensing?
Then what was the agreement that was reached on 12/31/15 and validated by COO's IR?
Bill's reply re: Sunbase.
"I was CEO from late 1995-mid-1999 during which time our US and China operations achieved unprecedented growth. When I started at Sunbase the stock was trading at 25 cents. During my tenure it reached high of $14+ & went to NASDAQ. I stand on my record. I ended my tenure at Sunbase Asia in 1999 and I got into TPAC in 2010. Anything at Sunbase Asia post-1999 or TPAC pre-2010 didn't involve me.
Hope that answers the negative posts.
That's your opinion. Go with it.
I keep saying this: There will be no movement until Tom posts some news or files financials. It's obvious, though, that many are selling out, and for .0001's at that. They want a profit and, not seeing one, they'll take what they can get and invest in something else. Fine. You cannot have any sustainable growth without the company showing the numbers. Other than hype of course which pops a stock for up to a week but then drops it like a hot rock.
If the business model has not changed, and there's no reason to think that it has, then nothing can be done until news or filing. If you've put money here that you're willing to take a loss on then fine, take it. I think it's a mistake but maybe you've got your eyes on a hot stock somewhere. Can't say I blame you. I've spent some time building a position at .0002 and will let it ride til the next 10- report or 8-K.
I'll wait. It's not worth it for me to give up the minimal investment in the large number of shares in hand. If that means up to 3 months for the next filing, so be it. I've got funds in others too. I've never been a fan of putting all my eggs in one basket. INMG may turn out to be a nice surprise in a couple months, or even less. You never can tell because even a rock solid company can be driven into the ground in a short time by greed or bad management. Most of the subpenny's will not amount to anything. However, I've been in one other stock that has gone from my investment of muti-millions at .0005 to .005 in a month's time. Once in a while, if the DD is good, opportunity presents itself.
Maybe it'll happen again. It's got a good chance if Tom's game plan is still intact.
Yep.
Seems like VGTL would have been on the SEC's radar well before the complaint was filed against Durante. This is not a minor infrigement involving failure to file. So VGTL is not like those 75% of 8-K's that the SEC never reads, wouldn't you agree?
With that kind of attitude, why invest in any company that is sitting on patents pending?
You've got to be kidding! Bill only met with them on Friday afternoon! They won't be listed as an approved manufacturer on the Boeing site until the next update. Calmer heads will prevail I believe.
All approved patents have to start from patents pending. So it's a matter of patience and time for EPGL's to do just that. No one doubts they have those patents pending. Do you?
Well, I guess that's the rub here, isn't it. No one has a crystal ball so I guess with Tom Coleman not offering any updates recently, all one can do is speculate.
@tpacbearings
Of course he's been retiring common shares by conversion to preferred. It's a solid move by Bill to remove as many shares out of the float as soon as possible. Look what has happened Friday and today. Flippers are totally manipulating the stock pps. Reducing common shares puts more share percentage in the longs hands because the longs are holding and not selling.
Look, the company is just starting production after 4 years of R&D and factory buildout in China. There has been no income. They have $20 million I n debt. The officers have been foregoing their salaries to get this company established. It's in the last 10- report. TPAC is cash strapped. Big time investors would not waste their time with common stock! That's why I had to laugh at one of the posts that said Boeing was buying a billion shares at .042! If Boeing sees an investment opportunity in TPAC they'll receive preferred shares with a conversion date in the future that is much more lucrative when TPAC has uplisted to the NASDAQ.
This is big time stock activity occuring for an aerospace manufacturing company that has uplist written all over it. Many OTC'ers who are used to flipping small stocks for quick profit at the expense of the company's reputation don't understand or can't relate to a company like TPAC because they're used to subpenny companies never going anywhere. So it's confusing and they start doubting everything positive about the company because it just can't be that a company that starts at .0003 could possibly amount to anything.
Welcome to TPAC.
I've decided to fight fire with fire. TPAC has posted the $100k sales order so unless any can prove the order false by verifying with the Chinese company they received the order from that it did not happen, you are wasting your time.
AVIC now is dealing with TPAC.
Boeing has requested quotes on TPAC's self-lubricating bearings.
This week will prove TPAC is on the up and up.
So you're saying the $100k purchase order officially announced to the SEC and shareholders on the S-8 was a fabrication?
Show your proof.
And, the payoff they got from Coop is really inconsequential to the success of EPGL. They've got a little extra capital now and that's fine for the financials but it's all about the patent rights. That undisclosed amout they got from Coopervision is chump change compared to what they've got in their pockets with the patents.
I agree. There is always a risk in any investment. However, a person with certain skills can do things that others can't or refuse to believe can be done. It's always amused me that NASCAR drivers, when they win, will always thank their pit crew for a great car. And the pit crew can sometimes make a difference. But really, who won the race? It's the driver. And a few of them are so good that they can win without the best car. In that case, it's all about strategy and tactics. What we're betting on, that some people can't stand the idea of, is Amilya Antonetti. We're not betting on VGTel. VGTel was going down like the Titanic. But some people have the ability to see things in companies that most others cannot. They can look at potential and know where to make adjustments to allow the potential to break out. That's how vastly outnumbered armies can win a battle when the odds are against them.
No. We're not long on VGTel, Inc.
We're long on Amilya because of her track record.
It's not just voting rights. We're talking about long term invrstors when dealing with preferred shares. The preferred's are a way to finance bigger ticket production projects without effecting the common share structure. Usually the preferred shares are issued to big money investors with a restriction that the shares cannot convert for a certain time period. Sometimes 6 months, if a quick rise in the share structure is expected, more often one year if the CEO and the board are expecting a slower share price increase. These are sometimes referred to as beneficial ownership if there are agreements that the owners will not dump them like the volatile trading that happens with the common shares. It appears these were a result of the GBGM deal.
Another reason from Investopdeia:
"Occasionally companies use preferred shares as means of preventing hostile takeovers, creating preferred shares with a poison pill (or forced-exchange or conversion features) which are exercised upon a change in control. Some corporations contain provisions in their charters authorizing the issuance of preferred stock whose terms and conditions may be determined by the board of directors when issued. These "blank checks" are often used as a takeover defense; they may be assigned very high liquidation value (which must be redeemed in the event of a change of control), or may have great super-voting powers."
It depends on when they are convertible and who they are held by. Many times the CEO and the officers of mgmt are holding these. That way they always own the majority of the company.
EPGL now has the GOLDEN GOOSE laying golden eggs and Coopervision has one golden egg. Would you rather have the goose or one egg?
Amilya is busy executing the business plan at VGTL. The turnaroud expert is in the house. The company audit is no doubt completed by now since the estimate for completion was for the end of October. Securing debt financing sometimes can take longer than expected and if aquisitions or rumored mergers are being considered, that too could take time and would come under NDA's. In that case disclosure would not be known until a deal or deals were made.
Silence so far, yet trading still taking place...