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Hindsight is 20/20 but I'm amused by your 3/31/12 post about the fight between VV and Smiteman:
Excerpt:
"Last Laughs? Well guess it will be the one who has no money and no reputation left in the industry when all is said and done. I might add you are well on your way there".
Full message:
Whats really odd is that you want to get paid for a bill owed you so you say, However you want to wish failure and doom on the company. Now talk about an OXYMORON, Why would anyone who wants to get paid do such would be my 1st question, My 2nd question is why does your lawyer continue to allow you to post here? All very strange to me.
We all know as a FACT that this company is providing a product 24hrs per day 7 days per week. Good Programming I might add as well. Not to mention a joint venture with LUKEN COMMUNICATIONS who has been known for its SOLID Business in the past.
So very Strange. Also I might add while I was there visiting last week NOT ONE SINGLE BAD WORD about you. Just sadness that you have choosen the path that you have is what I gathered. Again NO LEGAL PAPERS were given to VALCOM as of Friday Night 5pm EST. I asked.
Last Laughs? Well guess it will be the one who has no money and no reputation left in the industry when all is said and done. I might add you are well on your way there.
===============================
Don't know about the money situation but I guess that VV's reputation has taken the hardest hit.
Why don't you tell us instead of beating around the bush? You were always so direct.
Looks like MM's took advantage of someone this morning at .015 .
You are right. There are some impatient long termers here who have recently given up on this stock.
Looks like some long termers here are throwing in the towel.
IMO, they will pay Visser in shares at a significant discount to wherever the shares are trading at the time of payment.
That way it allows Visser the opportunity to unload the shares immediately taking into account that his sell order may cause a decrease in the share price due to the amount of shares.
As I drive past their HQ every day there are fewer cars in the parking lot each week. Rarely are there cars in the lot past 6pm.
The good news is there are no shiny new BMW's or Mercedes. Most of the cars are beaters.
Why don't you wait until the upcoming death spiral financing deals are done before committing more money? More dilution is just around the corner.
LQMT is going to need more cash come June 1 to pay their management in order to keep this ship afloat while they "hope" production orders come to fruition.
VV is out in case you didn't read the hundreds of messages that proceeded yours.
The audit is going to take some time. A lot of it depends on how much information VV wants to disclose to Manning et al since the prior non-audited 10-K's and 10-Q's were all based upon Vince's representations to the accountants. I did not make up this statement either as it appears in the accountant's reports.
I wouldn't be surprised if the 10-K was not out by the end of the year although IMO I think they could get it out by 9/30/12.
TP
If anybody still cares, the list of titles in the Valcom video library is available at:
http://www.allplanet.net/
Once you are on that page, go to the bottom left hand margin and click the links on 'Film Tag Cloud' or 'Film Database'.
Posts go from 10 messages a day to 300 and then trending back towards 10 messages. What do you think is happening here? Another round of suckers get trapped and the same group of pumpers make out like bandits.
When will you guys ever learn?
Accountant, legal, and transfer agent are the same as when VV was in charge.
Not guessing. New management has already telegraphed how many shares are outstanding.
<So you don't know ? You're guessing again? figures>
Why should the company release any news when you guys are doing a great job of pumping hot air?
All you have now is a new director with more directors to be named later that have control of a public listing and you have Kozak leeching on to act as a strategic adviser to explain all the death spiral deals with the devil so he can possibly earn some more money from poor Ants shareholders.
As long as people have FAITH there are those that are willing to prey upon them.
Billions??....I didn't want to be accused of exaggeration....
I think you'll be surprised at the total number of outstanding shares. It will be far more than what Priestlyman posted IMO.
I see this new 8-K keeps Kozak around as a strategic adviser for the next six months.
What did you expect Vince to say? That his stock was worth 3 cents?
We all know the PR were nonsense. His call on the value of the stock was nonsense as well. Especially if there were tens of millions of more shares outstanding than what he told his shareholders.
<From prior VV VLCO PRs, he thought that VLCO stock was worth close to a dollar, why sell now at 0.03 when VLCO is worth a lot more, does anyone remember 0.14, hmmmm, just a thought.>
So what exactly do you own here? Besides a shell company?
There hasn't been any indication as to what Frank III intends to do with the shell. My guess is a reverse merger into another private company in order to obtain the public listing.
As far as Ants software program goes, that appears to be dead. It would be very difficult for the Ants/IBM relationship to start up again given what went down between the two companies.
I too expect more directors to be announced (as per the 8-K) soon but the real meat is what Frank III has in mind overall.
All it took was one filing for everybody to get off the Kozak train quickly.
You have to be saying that with jest Funky.
When Vince ran the company the stock price was built on lies. When lies get exposed, it doesn't matter who is running the company. The stock price goes down.
IMO, you are blaming the wrong people. You should be blaming VV for putting the company and you in this position in the first place.
Nothing comes up.........................
<Try Googling "Va1com" and see what comes up.......>
Guess we know where the volume is coming from today.
I wonder how many more unregistered shares are out there?
This letter just proves the point that Vince and Pacal decided to coordinate thru each other their own public relations campaign over the past four months for VV to get his message out.
Why go thru the whole charade of pretending to be for about the shareholders interests?
TP
So Vince misspells Valcom five times in his own letter.
Give me a break. Now I know why the new mgmt wouldn't post this thing. That and adding Greg Manning's name to the letter. Give up the ghost already guys!
Tell that to Smite that you paid all your creditors 100%!
By the time this audit gets completed and they report whatever numbers they choose, you might want to be using the Mayan Calendar.
<unless I am using an Inca calendar>
As long as they make the decision to report audited (instead of non audited) numbers (10-K) and clean up/ expose all the problems, then VLCO can begin to rebuild its image.
If some problems are disclosed in later 10-Q's that were missed in the 10-K, then it's going to be hard for VLCO to get anyone to believe them.
That's why I think it SHOULD take some time. If VV cooperates and comes clean it would help. However coming clean could also mean more alledged criminal charges against him by the Manning et al faction.
It's almost a Catch 22 for VV. If he wants to help the company and it's shareholders like he says he does, he will likely have to risk his neck exposing what went on under his reign.
JMO.
Then why bother releasing annual & quarterly reports at all?
If they are going to do this right, it takes time to do audited financials. If they want to do it the old way, then they just tell the accountant what numbers to put in the boxes and they call it unaudited.
<Put yourself in their shoes, would you not want the company to be up and running if you had other intentions like selling it pieces, JV, financing>
IMO, this seems to indicate that Manning et al believe that it's possible that some vendors and employees may have been given preferential treatment in terms of bills being paid...that's is invoices under the Status Quo limit of $10,000.
<actions and transactions undertaken by Vellardita and his associates prior to his termination as CEO by the Court, including actions taken during the status quo period in violation of the Court's order. >
If they are in the interview stage, then we are at least a few weeks away from selection, then at least three months from any reports. My best guess would be between Oct - Dec. 2012 before we see a 10-K. By then they will have three 10-Q's to do as well, then another 10-K.
<In addition, we are currently interviewing independent accounting firms with a view toward selecting a firm to audit our financial statements and assist with the filing of quarterly and annual reports as soon as possible. >
I don't ever recall transactions with Greystone Capital or Asher Enterprises showing up in SEC filings.
If you want to know what Asher does (other than what it's website says) you can refer to this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68247638
Greystone probably does the same thing. There are a couple websites with that name but I can't be sure which one is correct without more information so I won't post it here.
So a problem MAY be that Convertible Promissary Notes to these companies were never included in filings and therefore the true number of outstanding shares could not be disclosed. I can't prove this without the forthcoming 10-K disclosing this information or Manning et al giving more clairty on the topic.
<ValCom's share register and recent transactions involving ValCom securities to determine our capitalization;
loan transactions, including transactions with Solomed Pte Ltd. (an entity affiliated with Nalin Rathod and Rahul Rathod), Greystone Capital and Asher Enterprises>.
So I guess we have to consider those Penny Whisperer videos almost worthless since Vince had a hard time separating truth from fiction.
Penny...what is you take on Valcom now that Vince has stepped down? Do you feel like he deceived you?
Nag...in the right hand margin (just below banner ads) on the message board you will see a bold "Show Introduction Message" . That brings up all the information you are looking for. You might have yours set as "Hide".
<What is happening with the VLCO IHUB board message, take a look, where is anything about VLCO>.
Remember that story that was told at the now infamous May 2011 shareholders meeting where Dale Smith was part of the group that announced the "Elvis records with The Platters" find?
Apparently that generated some discussion on an Elvis board saying that there was no possible way that could be true.
http://elvis-tkc.com/forum2/index.php?showtopic=18060
Another blow to value of the library?
Nag,
All your questions have been discussed before but given all the recent developments it probably needs some refreshing.
1. Pacal was a TV talking head at his affiliate station so IMO he would have no idea what Valcom would do with it's library. I suggest you look at the station's daily TV programming to see what is being shown.
2. Dale Smith's allplanet.net was a temporary site that provided a breakdown of Valcom's library. It's apparent that he did not renew the hosting fees and thus it was taken down. Perhaps someone on this message board has saved a hard copy somewhere and it's not been lost. It's probably still on the hosting site's server if the new management wants to pay for it.
3. The real estate auctions were run thru two different services without success, neither of which involved the Mannings. If you delve deeper into the results of the auctions, I'm sure you will find that very few of the "sold" homes closed escrow and that Valcoms share was very non-material. In fact I think they wound up in court (no big surprise) with one of the services.
Half the links work, half don't. At least the StoneHenge Mobile site appears to be a complete site. Hopefully ABEX spends some time with Valcom once they gained control. I can easily see them get distracted with other business now that the chase is over.
It would be nice if the first thing ABEX does is update the Valcom website to include current information.
Interesting concept this LIFE program.
If they pay 1MM to pay off expenses, they just need to move the stock somehow 7x to breakeven. Not sure if that's done thru a promotion or the negotiated sale of the shell company. I think they just own 4.99% of the company. Being that it is preferred stock, they may be able to boost their secured rights in the event of a bankruptcy filing.
On another note, looks like an institution picked up 550K shares during the quarter ending 3/31/12.
http://www.nasdaq.com/symbol/ants/institutional-holdings
Not really sure why ANTS is included with al these other blue chip holdings. My guess is that someone made a mistake with the symbol and it's really a different company. Have not seen an individual filing for it yet.
What you see is ABEX just linking the Valcom site.
The next step is for ABEX to actually update the Valcom site with correct information...i.e. removing all references to VV as the CEO....the quicker they do that , the more you can begin to find comfort that they care about the shareholders of the company....and yes, their own site could use some updating as well.
That might explain the storage component in their recent PR...ABEX owns VIP Storage.
The reason I said what I said was this line:
"however, that at no time may Ironridge and its affiliates collectively own more than 4.99% of the total number of shares of Common Stock outstanding".
Both filings indicated this. The 4/27/12 filing indicated that it was assumed that ANTS had 300 million common shares outstanding.
IMO, they can't own the 17MM from Oct + the 15MM (converted)from April and be less than 5% owners.
A new 13-G filed by Ironridge Global IV.....issuance of 100 shares of preferred stock at $10,000/sh.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8219173
Think it relates to the October 2011 filing of unregistered shares here:
http://biz.yahoo.com/e/111019/ants.pk8-k.html
Some might interpret this a good news but I think it was a desperation action right before the Nov 2011 shutdown and now prolonged period of company silence.
As I predicted last May, the emporer had no clothes. It took awhile for many to believe it. It looks like it won't take as long for investors to forget about VV.