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You mean the tapes in your possession have an appraised value of $2.15 million? Which may equal a street value of $20,000.....
Read it for the pure entertainment folks...gotta have good time while waiting for the 10-K story to be written.
And if you don't see the 10-K tomorrow.......?
Will that change your perception of Valcom and/or VV?
<I think tigerpacs DD has imprinted the impression of unreliability based on vlcos prs and past performance but ya i do concur. We need to see that 10-K this week and it better show some impressive forward looking linear momentum>
Funny post.
The reactions are better though.
<Just sold My Valcom Stock,for $2.15 Million(USD>
That's what this board does best.
Concur!
Nobody is trying to keep the stock price down. It's just that there is a steady stream of sellers. Many of you on this board freely admit that you have been sellers in the high .04 , low .05 range.
an excerpt from post 11529 ....
posted by Davel0r:
Maybe someone is interested in the answers I got from Ingrid one more time:
Good morning David,
First, thank you for your continued support in Valcom. I appreciate you
reaching out and wanting to know more of the Company that you are part of.
I have commented before on the Cups n Strings issue which was posted
entirely on the message board and the situation remains the same. I do not
want to write anything that will smear Mr. Maddocks or his company, as this
is just a simple transaction between one company to another and these
corporate intricacies really have no place for them on a message board.
What I wrote before remains the same. We are late in our payment to him but
have every intention to satisfy the debt.
As far as the "take over".. Mr. Maddocks wrote that I assured everyone that
it was not going to take place.. However I have NEVER wrote such a thing.. I
cannot tell the future (If I could I would have won the $245K Powerball from
last week :)). I have always said that the Board has tried to remove Mr.
Vellardita (as you can see in the filings) and we are currently in
litigation because if it. We ARE under a Status Quo Order until our trial
date is set. Mr. Vellardita was simply trying to inform a vendor of the
Company's current "legal restrictions" and why it has been a chore to get
him paid as his invoice is larger than the $10K cap that the courts have
instilled upon Valcom.
I hope this somewhat clears things up for you.
Have a great day,
Ingrid
One of you guys produced an e-mail in Nov 2011 from Ingrid stating that she acknowledged Valcom owed Smite but the Status Quo order was preventing payment for invoices over 10K.
We even had a further discussion about why some posters seem to have better access to Ingrid and Vince thnn others.
It seems like you are denying this ever took place?
<Smite's non-payment of his invoice says otherwise. because it is all a fabrication ,,,,,,not one shred of proof from this fictitious sub contractor , imo all made up >
<I believe there was a PR that stated Valcom had several large contracts that were pending and ready to be signed within the Oct - Dec quarter. FilmOn may have been one, but the others have not yet been disclosed. >
Just to edit my prior post and correct some information, this is VV's comments from the FilmOn press release.
"We now have 5 streams of revenue that we've created in the past month, and we have at least 5 more on the way! We're already creating cash-flow through Movies on Demand; DVD's are being sold in retail outlets across the country; songs are being downloaded on iTunes; films and TV series are being licensed to TV networks; and 2 albums are nearly completed that will be released by Universal.
So FilmOn is not one of the 5 pending revenue streams and the others are were not scheduled to be closed in the Oct-Dec quarter. They are just unknowns at this time.
1/12 is correct...15 calendar days.
I am not expecting too much out of this report results wise since the cut off date is 9/30/11 and most of Valcom's news was scheduled to be executed after 10/1.
I do expect to see some clarification on the Status Quo order, more information on the total outstanding shares, share counts of the various major holders, updates on pending lawsuits, and updates on collection of back royalty income. I would also like to know if the company actually bought back any of their own shares.
Going forward, I also expect a mention of The Roys, and more mentions of iTunes releases, and a status update of how the FilmOn deal is benefitting Valcom. I believe there was a PR that stated Valcom had several large contracts that were pending and ready to be signed within the Oct - Dec quarter. FilmOn may have been one, but the others have not yet been disclosed. We need more information on those deals.
TP
<it almost sounds like you are trying to start a sell stampede>
That's you trying to insinuate something. I was just stating an opinion.
<Are you saying that VLCO is worth the fight>
No I'm saying that people don't like to admit they're wrong and will toss good money after bad in order to keep their reputations clean.
The fight is between people with money who got mad when they were blindsided. VLCO is secondary now to people who hate to lose at anything.
It appears that you were very pessimistic (or frustrated )with Valcom in the early part of this year.
Your post made search posts from the beginning of 2011 and I came up with some nuggets that should be reflected upon at the end of this year...especially dealing with the library appraisals.
Quite interesting how the value of the library kept getting ratcheted upward as the stock moved higher.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60298277
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60352263
Even years ago VV was making deals that never saw the light of day...how about that $40 million 3 picture deal VV negotiated with Joe Jackson in 2006...nothing ever happened...maybe Jackson got some up front money....will The Roys deal have similar outcome?
TP
Status Quo Order
Probably been discussed before but worth a refresher.
The order was filed because Manning, Vredegoor, and Harrington as Board of Directors voted to oust VV as President.
The reason IMO was that above mentioned BOD did not know at the time of their appointment or during the following three months that VV had negotiated a deal on his own with the Rathods that included 50 million shares. The was no SEC filing at the time beyond the 11 million shares the Rathods owned. See filing dated around 4/4/11 for the date 11/12/10 .
So when the BOD found out about the existence of this deal, they tried to vote VV out, because their % ownership was diluted. The Rathods exercised their sizeable position and voting powers and naturally voted to keep VV in power.
The first time the SEC filings recognized the Rathods 50 million additional shares was the 8/24 filing (effective date 8/21/11), thus blindsiding the current BOD that was appointed by VV only three months earlier.
So now there is this stalemate between the two sides. Manning, Vredegoor, and Harrington will put up a good fight until they can get paid off handsomely by the Rathods. IMO, if the Rathods pay off, there will be another XXX million shares granted to the Rathods is order for them to recoup that payout from Valcom. VV is almost a non-player in this cat and mouse game. The Rathods own him...VV is there just for whatever contacts he has left in the industry. The fight can go on for years. It just depends on how much people are not willing to admit they are wrong.
Valcom files Schedule SC-13D
Most of you have already read this filing but i think it is a good idea to included it in bold at the top of the posting list.
It's a great reference document that sums up what is going on internally at Valcom thru the September filing date.
http://marketbrief.com/vlco/sc-13d/schedule-filed-to-report-acqui/2011/10/3/9046214/filing
It includes the Status Quo Order and how that works.
TP
Looking back it only took about three months for VV too proudly announce the new directors and then have them terminated.
http://www.investorpoint.com/stock/VLCO-ValCom%20Inc./news/41356584/
What happens within Valcom that always seems to cause glorious appointments then bitter separations? Could it be that the president promises one thing and then can't deliver? It's happened too many times over the past year for it to be any thing else. Too many starts and stops. Business can't gain any traction since lawsuits continue to pile up. Only person making money is the Valcom lawyer. Wonder if he is getting paid in shares?
If the Rathods have billions at their disposal, why are they screwing around with Valcom? If 10 million (arbitrary number) buys the company and settles the lawsuits, they why not do it?
Who needs the drama...I'm sure the Rathods have more important things going that they don't need to be distracted by Valcom.
How did you manage to figure out that the share price went down with less volume? Take a look at 12/28 and 12/29. How come I always see something different than you guys?
Anyway Happy New Years from Southern California. 78 degrees today...some winter...must be Rose Bowl weather again...pull another million people from the East Coast out here.
TP
<What a final trading day! It ws a climb with less volume, but we saw the share price going down with less volume, too>
Date Open High Low Close Volume Adj
Close
2011/12/30 0.033 0.044 0.033 0.044 380,534 0.044
2011/12/29 0.042 0.042 0.030 0.033 5,487,332 0.033
2011/12/28 0.046 0.046 0.040 0.042 4,037,563 0.042
2011/12/27 0.050 0.053 0.041 0.048 1,941,550 0.048
2011/12/26 - 0.052 0.044 - - -
2011/12/23 0.049 0.052 0.044 0.048 3,656,855 0.048
2011/12/22 0.038 0.044 0.038 0.043 1,096,522 0.043
Buf,
The private takeover talk originated on the Yahoo board from someone other than Smiteman. In fact it comes from a poster that likes to talk about T trades...any guesses?
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_V/threadview?bn=39464&tid=2761&mid=2761
TP
Hopefully they do better with their international deals than they do with their domestic deals.
Lawsuits are quite hard to settle overseas when you are US based...even with the Rathod influence.
But Valcoms results have so far shown that it's not making much of any impact anywhere in the world. The FilmOn deal should give Valcom a boost, but I have a feeling that the $ deal is not exactly what it was PR'd to be...just a hunch.
TP
<I know that the the type of programming VLCO has is still very popular in Europe...not sure about Asia>
Lets find that post again and review. Others on the board were saying similar things at the time as I recall.
TP
<He got some information on them possibly going private he said from vlco where did he get that vince?>
A lot of the old stuff is also worthless. Old can mean vintage but doesn't always mean it's classic. Movies have to be watchable and hold an audience. I don't believe these can. Hence the demand for them over the years hasn't been much since you've never seen them.
<Dude its like trading cards..alot of the new stuff is worthless but the old stuff is always classic.>
Do you mean Vince or the Rathods? Smite is not an insider. Show me a SEC filing with his name on it.
TP
<Seems to be an insider manipulating the pps with false allegations and butchered numbers>
Respectfully , it appears that Smite has been in the production business all his life. You get to know all the skinny about everyone. Unfortunately for Smite, he had to find out after the fact. I'm sure that when he asked around, he got many volunteers of information about people who had been mistreated by Valcom in the past.
Remember that he is also talking to Vince directly, something very few people on this board have done. So Smite might have some knowledge of things that only Vince told him as Vince might have been trying to impress him.
TP
Buf,
But I heard the same thing in the 70's, 80's, and 90's.
Westerns got a boost during the Tombstone days but it didn't boost viewership of older movies. The viewer's for those movies (most of which were in the 40's -60's) have probably already passed away and the generations after them want color, stars, and special effects.
There are probably only a few Kung Fu movies worth watching. The others have very poor dubbing and are completely unfamiliar to Western audiences. People want to see new stars, new action spots. They can only put up with Bruce Lee from the old days and even his movies look campy today.
Religious programming...today it's produced by the ministries themselves which the goal of raising money. Valcom's library of titles doesn't match up with today's world.
TP
Buf,
I go the impression that the guy who hired Smite has worked with him for a long time. It appears that Vince pressured this guy (according to Smite's posts) to not pay Smite by threating to withhold future work.
The question seems to be if Valcom is not paying anybody right now or if it's just Smite in particular.
Legal is going to reduce Smite's $ collection by 50% and it's probably not going to do much considering Valcom's existing suits.
TP
Valcom is being castigated by its own words.
It would be easier for Valcom to tell the truth about its projects and appraisals. That way they don't have remember the stories they have been telling.
The MJ movie and DVD release comes to mind. TV foreclosure auctions come to mind. Gigantic iTunes releases to generate revenue from it's vast audio library. Bragging about it's large video library when over 50% of the titles are Public Domain that dozens of other libraries have as well. Owners of worthless 1940 and 1950's westerns, kung fu movies and religious programming. Trying to fool people that they own movies of major Hollywood stars, except for the fact that these actors were appearing in their earliest roles, often for only minutes.
Why does it seem that every Valcom partnership ends in litigation? Doesn't Valcom vett every deal? They issue great PR's announcing every deal, yet they are never at fault when the deal goes south, at least according to Valcom.
TP
IMO,Valcom is probably going to book more royalty revenue that they know they can't collect and will eventually wtite off. But they will trumpet the revenue increase and silently bury the writeoff years later.
Easiest accounting trick in the book.
Tell that to guys who are owed more than $10,000 and see how happy they are with that response.
<The August BOD shake-up is more or less just a
procedural issue.>
Smite,
Just curious. Since you said that Valcom told you they need both sides to approve invoices over $10,000 , is it possible to re-invoice your work and send multiple invoices of $9,999 etc. so you can get yourself paid?
Or is the real problem in your opinion that Valcom just doesn't have any money to pay anyone (except maybe Vince and Ingrid)?
Thanks,
TP
<its not like they told everyone on this board when the 10-k would be out they told a couple and they told everyone.>
And therein lies the problem with Valcom. They always seem to tell a few people beforehand. Some people on this board have access to certain information that others cannot get. Ingrid gets the blame in my book because she chooses to converse by e-mail with some message board posters. She made the decision in early December to tell daylibiz and paulsbest that the 10-K would be out on 12/28. And she kept repeating that when pressed as late as last week.
Some people get the good news before others, some people get the bad news before others. Not by PR's, but by private e-mails.
And this doesn't bother some of you?
It's going to be pure entertainment to read about the revisionist history by some on this board about the 10-K date and then read the spin justifying the delay as a good thing as if Vince was holding back big news that he couldn't release today to the market.
IMO, Vince is in Las Vegas enjoying his vacation on your dime. That's the news you're not reading.
TP
Nagoya,
Since we don't know each other, for all I know you could be the market maker on this stock or i could be the market maker. One of the German's posting could the market maker on that exchange....so we let results speak to us and let the investors do their thing...one thing i do know is that the market makers are foaming at the mouth to make sure they extract their pound of flesh from all those so emotionally involved.
You can correct me all you want if you allow me to do the same.
TP
Has it dawned on any of the Americans that the reason why you are seeing so much German interest today is that Germans get first crack at trading Valcom on Friday (assuming 10-K is released after the close today). The Germans are in the position to unload shares ahead of you guys.
Ask yourself another question. Many of you are predicting are share price rise up to .15 - .20 , yet no one seems to be buying at the .048 level today. Here is a sure triple in your eyes but no one is taking the risk. I'm sure everybody will say that they have enough shares at .03 and below, but if you are SO sure, it would be a no brainer, right?
The highly anticipated 10-K is expected to be released today.
Whatever the results, I expect it to be a highly entertaining read. It will provide us a glimpse into comparing results with prior promises. I for one am not convinced that any reported results can be trusted unless i see audited returns as Valcom has played loose with their numbers before.
I am most interested in the board of directors fight,whether Manning has been the source of shares that have sold, the outstanding share count, if a buyback was done, whether any past royalties were collected, what happened with the MJ movie and supposed DVD sales, and iTunes sales.
As you can see I'm more concerned about actual results rather than more promises for the future. I sure we'll hear about more potential sources of revenue, another attempt at online/TV foreclosure auctions, and The Roys TV deal, and how the future remains as bright as ever.
Good luck,
TP
TP
Merry Christmas!
to everyone on this board...even to my haters and Vince and Ingrid.
Don't sweat the small stuff cause everything is small stuff, even the entertainment on this board.
Nothing is personal.
TP
ok. I found it ...but your search on itunes does not bring up the song directly...you still have too look for it within the Turner songs listed. I show it was released 9/6.
So if you have a song that is difficult to find in searches AND you don't know about it the first place (other than this board), how is Valcom going to make any money?
This should be a learning experience for them. If they sell 5,000 downloads, they should be throwing a party in FL with the $2500 they make. I think they will sell far less since there are already free mp3 files available.
Man of my word...no more posts on this board. Back to Yahoo where I can still find some of you.
Good luck drinking Vince's kool aid. He's kept Valcom on life support for 20 years. I'm sure he'll find a way to keep it going 20 more years.
Hope you all get $1 pps so you can rub it in my face.
TP
I couldn't let this post go by without replying to it.
If anyone can find Ike and Tina Turner's "A Fool For a Fool" on iTunes right now, then I'll shut up forever on this board.
It does not exist on iTunes, despite what Valcom says. And Valcom HAS said that this song has been released on iTunes. There are hundreds of Ike and Tina song choices n iTunes but not the one that Valcom claims is there.
The only place I've found this song is on a FREE mp3 courtesy of another poster on the Yahoo board.
http://beemp3.com/download.php?file=7468301&song=A+Fool+For+A+Fool+Wb+5433
I wonder what Ingrid has to say about this?
TP
<Ike and tina turner was the only release so far under Ike and Tina Songs, Young Mc with Platters has not been released yet according to Ingrid whom I spoke to on Friday last week. thats all I know about so far. you can call Ingrid Direct and ask her investor relations.>
Let's see ...VLCO has 25 years of futility in it's history....it's changed it's business plan a dozen times, it finds new investors to buy into their BS and those investors continually wonder why the stock trades at 5 cents?
I can spend countless posts with proven facts that Valcom will never be the company that some of you are dreaming of.
As long as there are dreamers, there are companies like Valcom who will take advantage of every one of you as the have proven time and time again. The shareholders will be the last ones to know anything as has been proven time and time again since I came on this board.
No more to add to the board as some people can't stomach anything negative that is said about their beloved company.
So let's go dig in the 10-K and see what options Vince was set to receive and at what price.
May have to go back many years.
I still believe he didn't pay anything or maybe .001 per share at the most.
TP
Other info buried in the 6/30/11 10-Q:
This explains the late filing.
Pursuant to Rule 13a-15(b) under the Exchange Act, the Company carried out an evaluation with the participation of the Company’s management, including Vince Vellardita, the Company’s Chief Executive Officer and Chief Financial Officer (“CEO/CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the three months ended June 30, 2011. Based upon that evaluation, the Company’s CEO /CFO concluded that the Company’s disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, incl uding the Company’s CEO /CFO, as appropriate, to allow timely decisions regarding required disclosure.
Now remember Vince was awarded 3 million _ shares on 5/1/11
On May 11, 2011 the Company held a Shareholders meeting to approve the election of the following members to the Board of Directors of the Company: Vince Vellardita, Chairman of the Board of Directors; Frank O’Donnell, Director; Timothy Harrington, Director; Silvana Costa Manning, Director; and Michael Vredegoor, Director. Finally the shareholders voted approval of an additional amendment to the Company’s Certificate of Incorporation allowing for a reverse stock split of the outstanding shares of the Company’s Common Stock at a ratio of either: one-for-two, one-for-five, one-for-ten, or one-for-twenty to be determined by the Board of Directors of the Company without further approval from the shareholders. With respect to the items on the proxy, a majority of shareholders of the Company voted in favor of the appointment of the Board of Directors, the discretionary authority to effect a reverse stock split, and the appointment of Labrozzi & Company, PA as auditors of the Company for the fiscal year commencing December 31, 2010.
A lot of material things happened before the 6/30/11 10-Q filing that were not disclosed. The shareholders will always be the last to know and it's always your money that will be lost.
Whatever is a perfect response from you trademeister.....
You believe in the company and Vince. I do not. Simple as that.
If you notice in the Form 4 it lists Code J.
J – Other acquisition or disposition (transaction described in footnotes).
So where on the form is the footnotes? It's not there. So Vince left something off the Form 4 like "stock was awarded as part of XXX".
Vince didn't spend one dime of his money on these shares. Some of you are very gullible if you believe he did. Why would he wait for the stock to reach .10 -.13 to buy when he could have been buying all year long between .03 and .06?
Thank you for this information.
The filing was late as usual.
Vince was awarded 3 million + shares on May 1. An additional 5 million shares was awarded on August 12th.
I don't recall seeing the 3 million shares disclosed on the 10-Q. It wasn't discussed, but it may have been buried in there.
Certainly that's 8 million more shares of dilution at a time the company is telling you that there won't be any more dilution.
The filing does not say that Vince actually spent any of his own money. The filing lists "0" as price paid.
I think Vince was "awarded" all of this stock for either getting the stock to 10 cents or in conjunction with the struggle for the company where these new shares tipped the balance of power.
If you notice in the Form 4 it lists Code J.
J – Other acquisition or disposition (transaction described in footnotes).
So where on the form is the footnotes? It's not there. So Vince left something off the Form 4 like "stock was awarded as part of XXX".
Vince didn't spend one dime of his money on these shares. Some of you are very gullible if you believe he did. Why would he wait for the stock to reach .10 -.13 to buy when he could have been buying all year long between .03 and .06?