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The Roys TV show......click on the video CRS 2012.
Around the 7 minute mark, The Roys go into detail about the status of the show. It's coming but the signing of the contract has been delayed.
http://www.theroysonline.com/
Keep recycling that same agreement from two years ago. Doesn't change the fact that the company no longer does any work.
All trades of stock were results of a small group of message board traders playing games trying to suck other penny stock players in so they could unload at higher prices. It was a pretty successful pump and dump given the fact they are long gone and a few holdouts are still convinced this company deals with IBM.
Vince was worshipped as a god on this board and sometimes when you place all your faith in one man it's hard to grasp what went wrong when his actions don't match what he was preaching.
The reality is that the settlement of this dispute (whenever it happens)will begin to remove the cloud of uncertainty over Valcom. Whether the new BOD will be any more forthcoming with detailed information is yet to be determined.
<all I care about is share price>
Thanks for the update Funky.
The whole matter has stunk for a year. When backed into a corner VV spills all the beans about the case in a last ditch effort to win support. A little too late. He made his bed, now he has to lay in it.
I expect the original plan will be put in place and have VV run My Family TV.
Assuming everything you posted to be true, I wonder how long it will take some on this message to turn their backs on VV, tell us what a deceptive liar he was, and get way behind the Mannings, et al.
TP
Go back and read the board.
I have gotten my hands on VV's shareholder letter. One of the things that has always bugged me was WHY Vince added Silvana Manning, Tim Harrington, and Michael Vredegoor to the Board of Directors. Apparently it was related to project that was going to use some of Valcom's music content and they were going to provide the financing.
If the Rathods have been involved with Valcom since 2000 and are their financial backers, what on earth was Vince thinking giving three BOD seats to individuals whose backgrounds were quite well known in exchange for essentially a couple of hundred thousand dollars?
http://ih.advfn.com/p.php?pid=nmona&article=47691281
I find it amusing how much new information has been disclosed by Vince when he desparately needs the shareholders votes. If he could somehow provide this level of detail in his PR's then it would go a long way to establishing some sort of credibility for Valcom.
If Vince is the company's largest creditor then one may likely assume that future payments to Vince will be in the form of stock which will cause additional dilution.
If you continue to believe that IBM is working with Ants, then you have tons of false hope.
Ants had their window of opportunity in late 2010, early 2011 when IBM asked Ants to fix all the bugs in the program. IBM was told that it would be done. Guess what? It never happened. And IBM was left hanging in the wind........That's why the stock price went below a penny.
It over Johnny...it's over.
Even if Zdarsky can find programmers to fix the code, no one is interested in using the product.
Misleading conduct is the act of concealing a fact or knowingly making a misleading and false statement calculating it to be misunderstood.
Theorectically shareholders could sue Valcom for misleading conduct regarding the handling of the library valuation. Sames goes for several other press releases (MJ movie, and iTunes releases comes to mind).
The problem is that there is nothing liquid to receive if shareholders win. Why spend millions in attorney fees to win nothing? It's different from the existing BOD's who could still issue themselves millions of shares at their discretion.
But those 10's of thousand would still be there regardless of whether Valcom existed or not...
<I would say 10's of thousands are being a part of what VALCOM does>
In what business do you expect this to be normal?
The lawyer business? It should be less than 1%.
< Expect to write off 15% of your sales any year, anywhere. Wish I could show you my 360+ A/R>
Aren't there less than 10 employees at Valcom?
<Many People are employed and work for an honest living through VALCOMS Product>
So Zdarsky makes a 3/31/12 filing for an event that occured on 8/3/11 because he was legally required to do so. Nothing like waiting until the last minute.
This exact statement can be applied to Vince as well.....
"but when some shareholders call for some credibility from him, he's allowed a pass?"
In the end, both gentleman will have to prove to shareholders (and maybe message board holders) the facts of their case.
Neither one is choosing at this time to prove it on a message board (and rightly so).
TP
But why WOULD CnS post his legal filings here? He would get no benefit from it except to get ripped apart by you guys. Vince has acknowledged that Valcom owes him money but the Status Quo order won't let Valcom pay invoices over $10K without both sides (of directors) agreeing. I've always found it strange why Bruce wouldn't re-invoice for separate invoices under $10K but I don't think that would have loosened up a payment from Valcom.
If CnS isn't getting paid, then I'd imagine the producer that Bruce worked with didn't get paid. Then i'd have wonder who else in the company hasn't been paid. But we won't know until after the 10-K is released. Then a 10-Q for the period ending 12/31/11 is due. A lot of filings are backing up here.
Next week is the meeting of the parties before the judge I believe, then the following week is the shareholders meeting.
Hopefully a compromise can be worked out between all parties involved. If not, it's going to be a long summer IMO.
It's Valcom's responsibility to make the legal filings public, not the other party (Cups N Strings).
Valcom could simply use the boiler plate language and say that it in the course of business it is party to numerous lawsuits and claims and not have to individually name them. Or the could choose to specify each case.
It's really up to Vince at this point.
TP
Buf,
This is a message board. What do you think happens on all message boards? Most of the discussion on these boards are about making a mockery of things.
What does proffesinal mean?
<SO tigerpac your alright with smiteman making a mockery and telling lies on I-hub..real proffesinal.>
Wouldn't the SEC asking questions about a material library appraisal qualify as an EVENT?
<Anytime a Public Company is involved in a Lawsuit it must release that information to the shareholders as an Event.>
I agree the lawsuit is fluff as well. Others have stronger words for it.
http://torrentfreak.com/copyright-vultures-sue-megaupload-for-millions-120323/
I agree that the MegaUpload news item is more fluff.
Valcom probably joined a class action suit on copyright infringement trying to get any share of the pie. Hopefully Valcom is not counting on recovering royalties from their Public Domain titles.
In other words, you can share if you don't sue. Some lawyer expenses less a cut of the settlement if this case ever gets settled.
I assume this is the Tim Harrington of the "ousted" Board of Directors.
<Caruso said that fellow Talero marketing executive Tim Harrington lives near Newton in Roxbury.>
And where did all that money disappear to?
<At ANTs, Mr. Kozak succeeded in raising $40 million in equity funds>
Be careful what you ask for.
<Go to the meeting and ask >
There's that bloody typo again....1,000,000 shares or is it supposed to be 1,000,000,000 shares.....makes you want to question exactly what you're voting on BEFORE you actually cast your vote.
Ingrid's response to David last month was:
It's 500,000,000 and always has been. It's just to ratify the existing board
and the authorized which is same 5M that it has been. Nothing more has been
added and nothing has been removed.
==================
The big question is what does "the total number of shares ValCom, Inc. shall have authority to issue is 1,000,000" mean in context with the words thst follow " of which 500,000,000 shares are Common Stock, etc? I don't think anybody can really give a rational explanation of what that means.
If anyone is going to believe what some blogger wrote, at least know his background:
Alexastock.webs.com is owned by: Sanford Hall (a Private individual) of Grand Turk, Turks and Caicos, Islands
I'd be a little uncomfortable basing your decision on a blogger from out of the country.
Here's a link to the Fletcher article about the lawsuit:
http://www.finalternatives.com/node/19635
Pensions Seek Liquidation Of Fletcher Hedge Fund
Feb 16 2012 | 2:49am ET
Three Louisiana pension funds have apparently had their fill of Fletcher Asset Management.
The public pension plans have filed a winding-up petition against the New York-based hedge fund's Cayman Islands-domiciled vehicle, calling for its liquidation. In the Caymans filing, the pensions wrote that the Fletcher fund "is unable to pay its debts" and "should be wound up." The lawsuit further alleges that Fletcher has filed no audited financial statements in three years and that the fund appeared to have no directors between Nov. 21, 2011 and Jan. 24.
The Louisiana pensions, which invested $100 million with Fletcher almost four years ago with a guaranteed return of 12%, also noted that Fletcher was facing a regulatory investigation in the U.S.
The winding-up petition follows almost a year of negotiations over the pensions' redemption requests. The pensions sought to redeem $32 million in July, only to receive promissory notes. The three then filed redemptions for the full $140 million their account statements say they have.
Fletcher has denied any wrongdoing.
A spokesman for the Louisiana Firefighters' Retirement System, Louisiana Municipal Employees' Retirement System and the New Orleans Firefighters' Pension and Relief Fund, Steven Stockstill, said that the three plans would continue to pursue "all other feasible options" alongside the winding-up petition.
Now that's keeping your eye on the ball!
Good catch!
<The Roys Off to Clearwater Beach for the day>
I wish the PR was a little more specific. Like what are the length of the agreements? If it's a one year deal, then it's great. If it's a five year deal, then maybe it's not so great...just ok..that's why the devil is in the details.
<Great, mid six-figure range revenues added.?
They see the trades before they execute them so they can tell what money wants to flow in and out.That's advance notice....
As far as real news...I guess it depends on who you know.
<Do MMs get advance notice when news is about to be released?>
Whatever...this stock needs speculators like yourself to make someone else money.
<Does a 10Q actually say, "In the event of a buyout, all investors will receive NOTHING."
If it does NOT say that... Then your post is irrelevant to my concerns>
For you optimists...someone just bought 1.5 million shares...looks like the whack the ask game is starting again....expect to see old names showing up again.
And none of the past warnings and 10-Q filings prevented you from throwing your money into this out of business company. Shareholders are so far down the line of potential creditors.....you got caught up in someone elses organized trading scheme. Again, go back to the day (or week) this stock started appreciating and complain to those posters who posted 20 times per day and you haven't heard from in weeks.
You've been had!
<If investors put money into a company and get ZERO in return for a buy out... That's straight up B.S.!>
This is why is so hard to take some of your seriously on this board. Let's just assume that there are 132 million shares O/S based upon the 3/31/11 numbers....I think that number is closer to 200 million by now. Using the $1 figure, it would value the company at $132 million. For a business that's not operating and doesn't have a working product.
You see how unrealistic that is? Wait, you probably don't!
<this will be back to $1.00 soon>
Ants has let go all it's programmers and all of it's employees. How do you possibly think they are going to develop software?
You guys thought I was joking when I said this company was dead from day one of the spike. What happened to ALL of the pumpers during that spike? ALL gone..Go find their names and rip them a new a-hole for stealing your money. They got you guys good!
Those investors who are thinking that ANTS is going to pay shareholders a one time dividend are in complete la la land.
Yes and no....a company with no assets has negative equity and most would call it worthless....however since ANTS is a public company, the stock is worth whatever someone is willing to pay for it no matter what assets it does or doesn't have.
Check out all the pinkie stocks that have no revenue and $500 cash in their bank account. People are buying a story. Unfortunately the stories are always much better than reality.
<if someone bought the patents/assets and not the company, and the company was still a valid company and still trading, but know with no patents or assets wouldn't it make the stocks worthless ??>
Check out how many times Kozak had to go to the well (and make a deal with the devil) to the keep the company alive.
<why do you think that an asset sale would generate only enough proceeds to pay back a few senior noteholders>
Another guy that can't comprehend.
I also clearly stated in my first post back that I felt the need to comment on PennyWhisperers You Tube video because of the amount of information that related to the 10-K.
Some of you guys want to believe Vince so much that if he told you to play the same six numbers each time in the lottery I think you guys would do it. Faith is one thing, but blind faith is quite different.
<I don't anticipate posting again until Valcom releases it's 10-K.
No 10K yet, yet>
Apparently NOBODY was part of that conversation.
<Unless you were part of that conversation you don't have a leg to stand on... nuff said, conspiracy theory.>
Some huge buying today guys! Way to stand behind your company and claim that the stock is at least 10x undervalued, yet no one buys at these prices. Someone else besides Funky has to step up to the plate.
TP
All that buying (LOL) and the stock price is still going down.
It doesn't matter to you...but I call BS on Vince's supposed buyout offers at 30 cents.
What no one has commented on is Vince now saying that the appraisal value of the library may not be true because it's the opinion of one man (an appraiser). Unfortunately for alot of people, that opinion was pumped all over the internet as fact by board members here and by Valcom itself.
While Penny Whisperer did a good job obtaining audio clips from Vince, he too got caught up in the frenzy last April and May in pumping this stock and saying he would sell until it reached certain levels. A lot of guys on this board got caught listening to his advice because Vince told him one thing (in his first interview) and very little of it became reality.
So I think caution is warranted based upon the past. JMO.
TP