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They were supposedly making money in 2006. My question is where did it go?
Globalnet and Komtell Appoint Gopalakrishnan Suryanarayanan as Chief Financial Officer
04/4/2007
Globalnet and Komtell announced that Gopalakrishnan Suryanarayanan (Suri) has been recently appointed Chief Financial Officer. Suri brings with him vast experience in dealing with project feasibility studies, bank finance and financial structuring. Prior to joining the Koohiji Group, Suri, 53, served as Financial Controller and Assistant General Manager at Al Boom Marine in Dubai, where he performed a range of general management and finance functions.
GlobalNet Corp. Announces Executive Changes
01/10/2007
On January 5, 2007, the Board of Directors of GlobalNet Corp. appointed Mark Schaftlein as President of the Company. Mr. Shaftlein has been a member of company's Board of Directors since June 2005. On January 7, 2007, Thomas Dunn resigned as chief financial officer of the Company.
GlobalNet Corporation Reports Revenue Results for the Month of October 2006; Provides Revenue Guidance for the Third Quarter and Fourth Quarter of 2006
11/6/2006
GlobalNet Corp. reported revenue results for the month of October 2006. In the month, the company has noted an increase of revenue over direct costs of transmitting traffic, with the percentage in the wholesale IP product lines exceeding 6% for the month of October. The company provided revenue guidance for the third quarter and fourth quarter of 2006. For the third quarter, the company indicated revenue of approximate $1.6 million, with the excess of revenue over direct costs of transmitting traffic approximating 2 to 3%. For the fourth quarter, revenues are expected to increase over the third quarter, and the percentage of revenue over direct costs of transmitting traffic is also expected to increase.
Just maybe, if the SEC puts the tough rules into effect, we could see this one and others run. Based on this we could get interest, even from Lotto players, MOMO players and Flippers. Could be short and sweet.
my .02 says the price will depend on who wants to sell and at what price. I believe the note holders can only sell a restricted amount, even if they hold billions.
This and several others could get very interesting.
I wil keep trying.
Waiting and watching.
I believe a lot will depend on this month's PR. A normal 8K? Then how much money? Another filing and who knows?
Need to hear something real soon. Second email not answered.
Could this be a possible future headline........... Insiders pocket $75 million? OR, Executives raise their annual salary. OR Stockholders left holding the bag?
Just pure speculation on my part.
We need an explanation on their the financials. I know they do not have to report. Maybe we can start a boycot of ICONIX brands?
Need to hear about the release! If the company only makes $1 million in the next six months, with 5 billion shares times a very conservative PE of 10 we have a stock value of .002 JMHO
I see the price is still holding @.01.
Still has the anticipation of a R/M I believe. Need to hear of a deal in the works. Too bad it usually is PR'ed after the ink is dry. Then the chase is on. Doing some DD I see other R/M's ran 10, 100, 1000% or more once the PR came out. Hope we hear something soon.
Need an updated PR. The January $74 million real estate deal should have moved this one way up, but no movement. 10% of this would give a share price of .74 based on a float of one billion. Conservatively even a tiny fraction of this should provide a 10X - 20X from .0001. JMHO
I am up. Just put in a sell for .0005. See you later! Going back to sleep. Work 2nd shift.
I believe this is a major link to cracking any proper DD on this one!Obviously someone is holding a nice amount!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Videolan Technologies Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
926919309
(CUSIP Number)
12/31/2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X ]
Rule 13d-1(b)
[ ]
Rule 13d-1(c)
[ ]
Rule 13d-1(d)
CUSIP No. 926919309
--------------------------------------------------------------------------------
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Wachovia Corporation 56-0898180
(Formerly named First Union Corporation)
--------------------------------------------------------------------------------
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
--------------------------------------------------------------------------------
3.
SEC Use Only
--------------------------------------------------------------------------------
4.
Citizenship or Place of Organization
North Carolina
--------------------------------------------------------------------------------
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5.
Sole Voting Power
0
--------------------------------------------------------------------------------
6.
Shared Voting Power
0
--------------------------------------------------------------------------------
7.
Sole Dispositive Power
0
--------------------------------------------------------------------------------
8.
Shared Dispositive Power
0
--------------------------------------------------------------------------------
9.
Aggregate Amount Beneficially Owned by Each Reporting Person. 0
--------------------------------------------------------------------------------
10.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable.
--------------------------------------------------------------------------------
11.
Percent of Class Represented by Amount in Row (11) 0%
--------------------------------------------------------------------------------
12.
Type of Reporting Person (See Instructions)
Parent Holding Company (HC)
Item 1.
(a)
Name of Issuer
Videolan Technologies Inc
(b)
Address of Issuer's Principal Executive Offices
11403 Bluegrass Parkway
Suite 400
Louisville, KY 40299
Item 2.
(a)
Name of Person Filing
Wachovia Corporation
(b)
Address of Principal Business Office or, if none, Residence
One Wachovia Center
Charlotte, North Carolina 28288-0137
(c)
Citizenship
North Carolina
(d)
Title of Class of Securities
Common Stock
(e)
CUSIP Number
929903102
Item 3.
If this statement is filed pursuant to sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
[ ]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)
[ ]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
[ ]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)
[ ]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
(e)
[ ]
An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E);
(f)
[ ]
An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F);
(g)
[X ]
A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G);
(h)
[ ]
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
[ ]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
[ ]
Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 4.
Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)
Amount beneficially owned: 0.
(b)
Percent of class: 0%.
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote
0.
(ii)
Shared power to vote or to direct the vote
0.
(iii)
Sole power to dispose or to direct the disposition of 0.
(iv)
Shared power to dispose or to direct the disposition of 0.
Item 5.
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7.
Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company.
Wachovia Corporation is filing this schedule pursuant to Rule 13d-1(b)(1)(ii)(G) as indicated under Item 3(g).
Item 8.
Identification and Classification of Members of the Group
Not Applicable.
Item 9.
Notice of Dissolution of Group
Not Applicable.
Item 10.
Certification
(a)
The following certification shall be included if the statement is filed pursuant to section 240.13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
February 10, 2006
Date
________________________________
Signature
Karen F. Knudtsen
Vice President and Trust Officer
Name/Title
I read this previously, but the problem is who "owns/runs" the company now.
Very well put. I wonder how the BILLIONAIRES CLUB is doing.
Need to call Eyewitness News.
I am trying to go back and DD this. Anyone?
""The plan provides our Board of Directors flexibility in
dealing with any takeover action that might occur," said Shirman.
"It would not impede any transaction that the Board feels is in the
best interests of VideoLan and its shareholders. On the other
hand, the dilutive consequences of triggering the rights should be
a deterrent to actions that are not in the best interests of
VideoLan and its shareholders."
The issuance of rights has no financial effect on VideoLan, is
not dilutive to shareholders, is not taxable to the Company or its
shareholders, and will not change the way in which VideoLan common
shares are traded. Rights are not exercisable until the
distribution date and will expire at the close of business on
February 8, 2007, unless earlier redeemed by the Company
Default, CIA, FBI, YMCA, etc.
The company appears to be an ongoing concern and has gotten money for a long time now. Soon we should see our monthly 8K or something.
The plot thickens.
Will we hear from the KGB or Interpol next?
There is some force driving this company and I hope the ones who are still holding on get their rewards before too long. JMHO of course.
The ask is .002. Maybe there is something we don't know! Hopefully I can restart the DD tonight!
Dam! I am on a summer schedule with Monday's off! DUH.
Still no updates from the Billionaires club? No answer to my email either! Inquiring minda want to know!
Agreed~! I have too many other pinkies that are slowly drifting down. I believe in this one, so show me the $$$$$$$$$$$$$!
I would love to see .005! I would love to see a bid, then a slow climb. JMHO
I know there was a shortage of rigs, but I agree that the manufacturer should keep the company informed and the company should keep the investors informed. I do detect a bit of "concern" from some on this board. As tomorrow is Wednesday and a favorite PR day......Maybe?
I believe you have one of the best posts to show the overall sentiment! I admire the DD but I also want to see hard, verifiable facts!
Hell a pump and dump would suit me fine. LOL I would take a .0005 bid!
I can't believe all of the posts lately. BTW, How can anyone say pump and dump? You can buy at .0001 but you can't sell! When we move up to say .0005/.0006 then I could see a possible pump and dump!
That is where I got the AT&T connection. Thank You!
I realize this. Several months ago, I posted how Nextel merged and how many Voip companies are merging or getting bought up. I believe some are not doing so well either. I believe Vonnage may be one of them. I am still holding and waiting. GLTA
I may have missed an answer to this before, but what happens if everyone asks for their certs? I know the drawback is the liquidity.
Oh no. AT&T rumors are starting again. I am going to have to find Stan and tell him! LOL I want to get blamed again!Seriously, I hope we get something better than the standard 8K this month.
SEE POST 8551
Could get interesting! I believe my posts on the TA being responsible was good. Also if Ma is changing her site, could be setting up for a R/M which would cause a hell of a run! JMHO
The next PR must contain at least the rig being on site, home building, a wind energy contract or a signed JV partner. Then we move up. I admire all of the posts and DD, buy to get money flowing in we need a reason. $$$$$$$$$$$$$$$$
Interesting?????????????????/
BASH THIS BASTID HARD AND MAYBE WE WILL SEE $1.00 lol
I especially like this paragraph citing liability:
Counsel for STAMP, Inc. has reviewed the language contained in the current Medallion Program Documents and determined that no changes are necessary to accommodate the Project. Furthermore, STAMP, Inc. is aware of a landmark case involving inappropriate documents contained in a “legal transaction”. The Transfer Agent clearly erred in its examination and acceptance of supporting documents and a wrongful transaction resulted. Regardless, a claim against the Guarantor was made. After review and discussion with its Surety Company, the Guarantor acknowledged its responsibility and paid the claim, in full. This case did not involve a legal judgement and does not constitute precedence. However, it is a clear indication of the effectiveness of Section 8-306 of the Code and Medallion Guarantee Program Documents.
Right now our symbol seems to be the flying bird from DANS. Or up ours, or the middle finger express! Take your pick. LOL
I would love to see Shakerzzz and a few others jump in. The only problem I believe is they like to flip. Now if they would commit ................????????????????????????
Insiders may not have to report as long as the sale was after the general public knew of a "material event."
Restrictions on Trading
Directors and other insiders cannot trade in the securities of their bank or company while in possession of material nonpublic information about the bank or company, and may not "tip" material nonpublic information to anyone. Once the information is properly disseminated and digested by the investing public, directors and others in possession of the information may trade.
These restrictions apply regardless of whether the company or bank is subject to SEC reporting requirements. Even directors of banks or companies with a limited number of outside shareholders where infrequent trades occur should be careful to adhere to these restrictions.
If the information is not material, there is no duty to abstain from trading until the information is publicly disseminated.
I agree. Also without any curent filings, is there anyway to confirm the # of insider shares still held?
There were rumors after the run that insiders may have sold off.
Interest picking up on other sites too. Looks like the most interest in an extremely long time. MAYBE? $$$$$$$$$$$$$$$