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A timeline on 3 things:
The seizure of Wades' assets (80 million shares)
Progress made towards relisting.
The L.A. Case against Lakeshore
We will see. As he said:
"Things should start to move rapidly, compared to the snails pace we have been going through."
I eagerly await his update
Should there not have been a determination with respect to the demurrer
No news. Usually when something positive happens we hear about it right away
It's now 9:20 L. A. Time. I wonder what has transpired.
Has Mokhtarian folded.
What are the chances of getting all that done this year? (minus the meeting) Also it would be nice to know if anything is being done, wrt past filings and the IRS
Hopefully this will be resolved on Monday. Then all that is left is, the seizure of the stocks and the relisting of the company
Claw back and hold as treasury stock.
So, the issue is just getting the shares and not waiting for the LA lawsuit to be finished?
Mr. Wade, the President and CEO of the Company, directly owns 7,317,647 shares of the common stock of Vertical Computer Systems, Inc. (the "Company") and beneficially owns 74,932,543 shares of the Company's common stock through Mountain Reservoir Corporation ("MRC") for a total of 82,250,190 shares of the Company's common stock at the filing date of this Report. MRC is controlled by the W5 Family Trust. Richard Wade, the President and CEO of the Company, is the trustee of the W5 Family Trust
My reading of this is Wade is the CEO of MRC (a corporation) and Trustee of W5 which holds the shares. seizure of his assets or a lien against his holdings
I'm not sure he can use that as a shield. especially if it was done after his fraudulent acts. As a method of insulating himself from loss. IMO
If this pans out and we start trading again. I'll be the first to say you were right. Hopefully financing too.
You care to make a probabilistic estimate about 20 million stashed away?. I thuoght he was almost living out of his car.
I assume this will influence the L.A. trial
I doubt if wade has 20 cents
So, I assume nothing will happen (trading) until the L.A. Trial is decided
Your post #4111:
"Good news gang. JQ just texted me this message reply below and gave me the OK to release this to you all here on VCSY Chat:
"The larger capital is (still) being pursued. It will likely happen Mar-Apr (2022) time period. $5K (shares) minimum will likely remain. .02 (2 cents) shares and 20% warrants @.02 as was previously."
Sure thing. I won't hold my breath
post #4111 RLHMAN 12/04/2021
I sold a little a 200. I've been down this road before.
New Analysis: Potential Lapse in 5-Year Leasing Program Threatens American Energy Security
https://www.api.org/news-policy-and-issues/news/2022/03/29/potential-lapse-in-5-year-leasing-program-threatens-american-energy-security
I don't think anyone wants a part of that meat grinder
It looks like a tax write off to me.
post #4111 RLHMAN 12/04/2021
Unprecedented Lapse’ in U.S. Offshore Oil, Natural Gas Leasing Imminent, Warns Industry
https://www.naturalgasintel.com/unprecedented-lapse-in-u-s-offshore-oil-natural-gas-leasing-imminent-warns-industry/
Shell mobilises Transocean drilling rig to Colombia for offshore campaign
https://www.upstreamonline.com/rigs-and-vessels/shell-mobilises-transocean-drilling-rig-to-colombia-for-offshore-campaign/2-1-1192900
You need a subscription to read the full story. This is just the headline
Moana Minerals Limited is wholly-owned subsidiary of Ocean Minerals LLC, and is a deepwater critical metals exploration and development company incorporated in the Cook Islands with offices and operations based in Rarotonga, Cook Islands. The company has made a high-grade discovery of polymetallic nodules containing cobalt, nickel, copper, manganese, and rare earth elements entirely within the Exclusive Economic Zone (EEZ) of the Cook Islands. This deposit, reported in accordance with NI 43-101 and JORC standards, reports an Inferred resource containing over 1 million tonnes of cobalt, 470,000 tonnes of nickel, 260,000 tonnes of copper, and 31 million tonnes of manganese. Additionally, independent metallurgical laboratory tests have indicated rare earth element volumes in excess of 600,000 tonnes (aggregate REE basket tonnage), also contained within the nodules.
Moana Minerals Limited holds an Exploration License for 23,630 square kilometers within the Cook Islands EEZ, where the company continues to conduct further exploration activities aimed at securing environmental approvals to perform commercial operations and increasing confidence levels and size of the reported mineral resource. In parallel, and in partnership with Transocean, the Company is advancing work to develop recovery systems to mine and process these high-quality seafloor polymetallic nodules on a commercial scal
Moana Minerals Limited, a Wholly-owned Subsidiary of Ocean Minerals LLC, Announces Award of an Exploration License by the Cook Islands Seabed Minerals Authority
https://www.prnewswire.com/news-releases/moana-minerals-limited-a-wholly-owned-subsidiary-of-ocean-minerals-llc-announces-award-of-an-exploration-license-by-the-cook-islands-seabed-minerals-authority-301489487.html
Transocean announces that it has purchased a minority interest in Ocean Minerals Ltd
6:35 AM ET 3/29/22 | Briefing.com
Transocean is working with Ocean Minerals on the technology and services that will be required to collect nodules from the seabed upon receipt of a production license. The Cook Islands is one of several offshore locations worldwide with large, accessible deposits of nodules containing a high content of these critical minerals. Responsible recovery of the nodules would provide additional supply required to support growing demand.
OPEC SECRETARY-GENERAL BARKINDO: ACCORDING TO OUR OUTLOOK PROJECTIONS, THE OIL AND GAS INDUSTRY WILL NEED ABOUT $11 TRILLION IN INVESTMENTS IN ORDER TO MEET FUTURE ENERGY DEMAND.
6:49 AM · Mar 28, 2022·financialjuice
would be nice to see this up around 800
Russia’s War, Increasingly Tight Domestic Balances Driving Big Gains for April Baseload Natural Gas
https://www.naturalgasintel.com/russias-war-increasingly-tight-domestic-balances-driving-big-gains-for-april-baseload-natural-gas/
"Transocean Stock Can Double If Crude Oil Remains Firm"
https://investorplace.com/2022/03/transocean-stock-can-double-if-crude-oil-remains-firm/
we need to watch this. Things are turning around but if: This
"Federal Judge Annuls Massive Gulf Of Mexico Lease Sale"
https://oilprice.com/Energy/Crude-Oil/Federal-Judge-Annuls-Massive-Gulf-Of-Mexico-Lease-Sale.html
Get overturned it looks like a strong buy signal
"This publication presents the Bureau of Ocean Energy Management's (BOEM) estimates of oil and gas reserves in the Gulf of Mexico Outer Continental Shelf. As of December 31, 2018, it is estimated that the Original Reserves are 24.86 billion barrels of oil and 195.5 trillion cubic feet of gas from 1,319 fields"
there are approximately 45 oil and gas rigs in the gulf
I know the feeling
Motion to Demurrer has been changed from 3/30/2022 to 4/25/2022
04/25/2022 at 09:00 AM in Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Hearing on Demurrer - without Motion to Strike
It's nothing to get excited about. It is a claim made in the past. that was probably nonsense (at the time)
If or when you make exaggerated claims, someone may pull them up and call you on them.
Thar's all it is
I'm not saying anything or making any claims. Read the posting. It is from post #4111 RLHMAN 12/04/2021
Today is 3/21/2022. A month and a half before the end of April