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This is truly a sad situation. The 10q says it all. They are not a going concern, just a shell that is running out the clock as long as they can until retirement, if possible. I no longer believe a product will make it to market or the stock will recover. We retail investors have been Borked! Sorry for the ancient political reference.
It turned out to be another disgruntled shareholder who wished to sound knowledgeable and important. I guess you may have missed an earlier post.
That's an interesting point of view, a RS instead of news to telegraph their good intentions! I don't entirely disagree with your head fake interpretation.
I don't know about you, but I will take a 'head in the sand' point of view that we need a viable product from these yahoos. I don't like the current state of the country, but to HADES with politics. Whatever happened to the diabetes and cancer detection apps? Did they disappear with the reduced NASA contract that JB let slip through his fingers when he ran MSGI? Or does NANOBEAK own them? This is really infuriating. Are you all sure the split has to happen this week? Or can an extension be filed?
Please, let us not mock another poster's style at a time we need to be rational.We need to stick together and educate other shareholders.
I appreciate your reply. However, a 1 for 10 won't solve their dilemma of needing to get the stock price back to .01. So what are they likely to do? Let it go to the grey sheets? Let the shell die like MSGI? Hard to see what they can or are really going to do.
I appreciate the comments of other people on this board, especially yours, Shizl. I have realized it is futile to throw good money after bad, so no more purchases in an attempt to average down. There is no way out of this mess, barring a miracle, so I am just going to wait this out with my existing shares, which are already basically worthless. Incidentally, after some research of my own, I have discovered the so called insider talking to me about JB rectifying things was just another shareholder spouting BS. When confronted, he admitted he doesn't really know JB or the insiders any more than I do. I really should have been a lot more careful in the passing on of misinformation. I am sorry for potentially misleading. I feel we have all been screwed and am highly likely to sign on to a lawsuit, although at this point in my life I don't have a lot of resources. I see a 1/100 or worse RS coming up. Any comments?
You have a point, and I have considered that, but I don't think VNTH is worth .02 if they are going to start hammering the stock with convertible debt right after the split. I just don't trust the situation, that is the bottom line.
When the time comes, I would like some advice as how to effectively complain. I have been getting some second hand advice from someone who may or may not be connected with the scam. Was advised to buy more recently because JB supposedly said he was going to rectify things. Didn't do it because I expect a 50 - 100/1 RS, which would leave me with Shyte, even if I bought 2,000,000 shares.The worm turns.
I agree with your logic. They are likely to try to get the stock to between .01 and .02 before they dump more shares. As I am sure you know, that translates to about a 1 for 100 RS.I don't know how we can do this, but the stock needs to be shunned.That way the market makers have to buy it up and will eventually run scared if no one is buying. We need to dry this scam up or they will run this out until the shell dies, or they kill it. The problem is there are people who will try to flip it and create float.I for one am finished with anything these people are involved in. Don't fall for it people!
Hey Shizl, I loved your 'lil buddy' comment about JB and NASA. Frankly, I feel marooned on desert island VNTH right now, having been 'rescued' from MSGI. aka the Island of Doctor Moreau, and re-marooned on adjacent island VNTH because the skipper ignored the proper petrol and re-fueled the boat with convertible debt. I guess we will know in a few days if your theory is correct, as I strongly suspect it is. Anyone on this board want to predict the magnitude of the RS necessary to get VNTH back up to a penny and keep it there? What a bunch of coconuts this has turned out to be.
Virtually all of us that post on this board are wondering the same things you are. In any event, I think we will all know very soon if the 'big screw' as Shizl Dizl calls it will be perpetrated on us. I think if they announce news after a reverse split of any size, and/or something is done with shares in the new stock class, which may indeed be shielded from a RS, we will know for sure how to proceed. The big crime would be if they increased the AS and tried to milk more money out of the VNTH shell with the issuance of more convertible debt and we fell for it. If this is not illegal, it is certainly highly unfair and extremely immoral.
You make a good point. I had been contemplating buying 500,000 - 1,000,000
shares at .0002. But you would be left with only 5,000 to 10,000 shares after a 1 for 100 split, worth $50 - $100 post split, obviously equal to what you originally paid and trusting in great news. I have no confidence in management, so I probably won't do that.
Yes, it has been a true shytestorm! So disappointing.
Actions speak louder than words. It will indeed take a miracle to get us out of this mess. I just wonder what the reverse split will need to be? At .0002 it would be 1 for 50. But, there has to be a slop factor for it dropping further after the split. I think we need to shun the stock after the RS, except perhaps to sell, and anything else these yahoos do. We can't let the convertible game continue. Don't invest in the new shell, cut off their funding at the knees.
I guarantee you're not the only one sick of this nonsense. We will be on the lookout for your posts.
Just like in politics, spin, dissemble and attack the messenger!
Very true. But what, if anything can be done about it? I agree the creation of the special share class was the clincher, especially in retrospect.
What you say is so logical it is scary. If events transpire as you predict, I think it would constitute criminality and should be pursued. I think a 1 for 100 reverse split will be required to bring VNTH over a penny, leaving all of us retail investors with our mouths full of feathers, or worse.
Oh, I don't disagree at all. I was just engaging in a bit of wishful thinking. As we have learned from the political realm, watch what they do, not what they say! Thank you for attempting to always be the voice of reason. Despite what I hear fro some parties who claim to know what is going on, I just don't see this being turned around. I think even spectacular news would result in a relatively small upward blip. This stock should be simply shunned, but that is highly unlikely since the flippers will come out of the woodwork and attempt to make money off it.
I would love to be wrong. I have lost considerable money on these ventures that have eroded so badly. I just don't see how they can be made right, even though I have been told indirectly that JB and company are "working to make it right" with MSGI and VNTH shareholders. But actions and results speak louder than words.
Believe me, I and many others feel your pain. This tech could have helped so many people, including us, if it had been a successful investment not just a piggybank for the principals. Despite some weak reassurances from someone I know loosely connected with management, I don't see things turning around. Truly a real shame.
I think you are right. What a disappointment! Let none of us fall for it again when a new shell is created for a new idea/product.
Just got notices in my accounts that MSGI has been delisted and will no longer trade. Hoping against hope that VNTH does not follow suit, but not holding my breath.
Well, I am now fully in agreement with your point of view. I have also been around for seven years, or more if you count Current Technology, who had a great hair loss technology but got enmeshed with JB. The whole thing came apart in 2008 with the so called Great Recession and I'm not sure I blame JB for any debacle MSGI suffered as a result. But VNTH has become a stock pumpers dream/nightmare with all the relentless chatter on the message board.Without news it will go nowhere and even worse, other companies probably have equally good products in the pipeline. Instead of bickering, this entire board should be clamoring for action. Maybe management will sit up and take notice that we are not stupid and are onto their game. As you said no one doubts that this could be a good deal for the shareholders. We are likely being taken advantage of the debt-holders, who are likely related to management and or JB himself, as others have speculated. Please feel free to comment on this post, I would like to know what you think.
Hey ShizlDizl, thanks for your reasoned opinion. Regardless of the necessity of an MJ sensor, any news on this news-starved stock could propel the price higher, perhaps into the pennies, even if only temporarily. Up to this point, MSGI and VNTH have been terrible disappointments. However, would you or somebody tell me why JB and company would be fronting a deception? What would be the gain for anybody? I would hate to think it is just to prolong peoples' jobs at the affected companies
What about a deal with the marijuana app? Wouldn't that be significant news?
I agree. Hope some good news will be forthcoming. Who or what is BMAK? Haven't been posting for long, so I don't know. Would someone please educate me? Thanks.
That thought crossed my mind as well. Throw a bone to the MSGI shareholders.
Thanks Paulness. I better start reading things more carefully. How do you feel about Jeremy Barbera's comments linking Nonobeak with VNTH in the same sentence? Calming the restless shareholders? Or actual consideration that we should share in Nanobeaks good fortunes should such arise.
Only 66 people invested in VNTH? How did you arrive at this figure?
I think you are right, but all the churning in this stock is making me dizzy.Hard to hold a longer term perspective of 1 year or so with all the high transaction volume and negative chatter. What I would like to know is if the NASA rights have been subordinated to someone other than VNTH. I looked at the 10k and really couldn't tell for sure. If the rights have been subordinated, as has been suggested in this forum, then ShizlDizl is almost surely right with the lather, rinse repeat comment. It will be chase the next corporate shell, if one is stupid enough. Its like a carnival shell game. Under what shell are the goods? Exasperating. I just know I am not buying any more to average down, tempting as it is at these levels.
I agree this is technically not short selling, but it has the same effect, dilution. It is also suspicious because it often comes at the end of the day, capping the share price. Unless there is substantial good news, the VNTH shell will be weakened, possibly to the point of demise, even with a reverse split.A reverse split will only postpone the inevitable.
What we are now observing is how short sellers destroy a company. This is how MSGI and Current Technology before it were ground into dust. It may be the very same people who are constantly selling VNTH at the close to hold the price down and discourage the shareholders and get them to sell. The only thing that will break the vicious circle is sufficient news to get the sellers to back off and let the price go up. It is almost impossible to short a rising stock. Anyway, this is my 2 cents worth. All this posting chatter is driving me nuts!Who actually knows what the real truth is, anyway.
I remember coming up with the 1B share figure some time ago to try to estimate the magnitude of a potential reverse split. We may get hit with a 1 for 20 or even a 1 for 50 in order to shore up the share structure. I don't know about all of you, but this is depressing news to me. To neutralize the effect of this, you would have to own a lot of shares that are probably not worth buying. Or they just won't file and kill the shell. ShizlDizl may be on to something in his way of thinking,
Not all of us will be gone, ShizlDizl. I actually bought this stock as a medium term (1-2 years) investment when I had more confidence in JB and one fellow he is working with from time to time. I am interested in the things you and some others are saying.
These are strong words,ShizlDizl. Having been screwed myself with Current Technology and MSGI I am certainly not a cheerleader. The lack of news is deafening all right. Without concrete news we don't even know the tech is being accepted in the marketplace. You snooze you lose in this fast moving world. Another company with inferior, but marketable, tech will eat your lunch. Unfortunately, I think the share structure is so bloated a RS is almost an inevitability, aaargh. Like you, I think there is too much negativity swirling about us.It doesn't look good. I think a barometer will be if they miss the late filing deadline. That's how MSGI was derailed.I don't know if a lawsuit would even be successful. You can't get blood from a turnip.Besides, lawyers are expensive.
I think you are right. I suspect there will turn out to be less shares than we fear. But the unanswered share drop is another issue. It's possible they expected yesterday's debacle and decided not to waste any good news there might be in the pipeline on it or the preceding slow slide we have just experienced either. How is this tech really doing in the marketplace? That is the question!
Another thought I had, how many shares have actually been issued and how many seemingly created out of thin air due to short selling? Short sellers are always on the lookout to drive these small companies into oblivion to make money. So where is the news? How to turn this around?
Paulness, I tend to agree with your assessment that Nanobeak intends to remain a long term shareholder and that the powers that be at VNTH and JB, to whatever extent he is truly involved, are in the process of cleaning up the share structure, starting with the new preferred share class exclusive to Nanobeak. I don't quite understand the exact existing share structure, but if the numbers quoted by other posters are correct, there are nearly a billion shares to deal with, which is disheartening, to say the least. I hate to even say this, because I don't want to give them any ideas, but a 1 for 20 RS still leaves us with roughly 50,000,000 shares and a 1 for 50 20,000,000 shares. This is still a lot, especially if there is further dilution. Oh Lord!! So the speculation of a 1 for 100 RS is not completely far fetched. I think the VNTH shell has been really abused all right. So it may pay to significantly increase our positions here in anticipation of a reverse split, or not at all, depending on how each of us feels about the company's prospects. I am looking forward to all of your thoughts and comments.