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LOL! Exactly. I'd love to see this pumped even to 10 cents. But imo it will never trade again. The SEC won't let them re-list without showing some value, a business plan, or something. They won't be able to pull off a scam like Wade did.
"Still in business"? LOL! The org chart shows 12 "subsidiaries" none of which ever made a penny but Now Solutions. I really wonder what's going on at Now Solutions and who's making money. Looks like Kona is finally seeing reality (again) but he'll start hyping VCSY and the "patents" again before long. JediSpawn sure doesn't seem to want to take Kona on. LOL! This is entertaining if nothing else.
You're finally seeing the reality of VCSY. There's nothing here. I think somehow this new "management" got duped (possibly by Portuno, like you did) or they saw a way to grab some of the money that remains via Now Solutions. Now Solutions was bringing in $4-5M a year when this all went to heII. Where is that money going? Someone is making off with it while nobody's looking. After years, there is still no business plan. Wade lost his stock. He's out of the picture now. The hype has ended. So what is the status of this so-called "company"? Nobody know.
Sounds like you're finally figuring it out, but as usual in two days you'll be hyping this nonexistent "world changing" technology that VCSY supposedly has yet again. There is nothing here. VCSY management is floundering and I believe they're finally realizing they have nothing worth anything. I hope I'm wrong, but I don't think I am....VCSY will never trade again.
VCSY couldn't sue Autonomy or HP because they had the rights to bogus "vcsy tech" via the purchase of Interwoven. Interwoven never really used "vcsy tech" but Interwoven just paid the patent troll fee to vcsy to get them off their backs.
Nobody stole anything from VCSY because there was never anything to steal. VCSY got "nuisance" payments to end litigation. VCSY was and still is nothing but a patent troll company. And Interwoven got a "license" which ended up with Autonomy, which ended up with HP. So nobody "stole" anything. The nonsense posted here is astounding.
VCSY will never be mentioned in the Lynch case because VCSY has nothing to do with it. VCSY really has nothing to do with much of anything and never will. Pumpers have been "hoping" for two decades and making up conspiracy theories all along. The new "management" of VCSY has not given ANY indication of what "technology" they plan to pursue and the patents will be found to be worthless, just like the bogus FO patent. I'm amused reading all the hype about "memristors", "quantum" this and that and all the other nonsense. VCSY is a software wannabe company. That's all.
You will never see VCSY connected Lynch because all VCSY got was a "nuisance settlement" from Interwoven. VCSY is a patent troll and their worthless patents are used to extory $$ from large companies who believe it's better to pay the nuisance fee than to continue costly litigation. That's why VCSY never got much of anything from anyone. It's hilarious reading all the hype on this board. LOL
JediSpawn, how long have you been following this scam, and how many shares did you get sucked into buying? I'm just curious.
Do you even understand that DRAM is merely a "memcapacitor"? VCSY has nothing to do with memory or anything else. In fact, it's a bad memory.
LMAO!!!
"Ploinks was just the first such example.Quantum Photonics Reservoirs."
Yeah, I guess a "puddle" is a "reservoir". You sound more like the scammer Portuno and the gibberish generator every day.
JediSpawn, I can assure you that Lynch being extradited to the US has ABSOLUTELY NOTHING to do with VCSY. You can't prove that it does. It's always a "conspiracy" with you pumpers. I own a lot of HPE and HPQ stock and have followed the HP/Autonomy buyout and the fraud case since the beginning. You obviously know nothing about it. It's just typical pumping by the loser VCSY shareholders that refuse to admit they got scammed by Wade and that there's nothing left. VCSY isn't a "real" company, it was set up by Wade to be a cash cow for himself, after using shareholder funds to buy Now Solutions. He created a dozen worthless "subsidiaries" to try to make the tiny pos company look bigger than it is, none of which ever made a penny. That's all there is.
Here's some historical data I had collected on VCSY years ago. Look at the revenue and the losses. Where did all that money go? I said all along that Wade was a crook, and people like Kona, Portunothefraud, and Dannyboy all bashed me. I think even RLHman and many others bashed me for pointing out the obvious.
Date Revenue Loss
FY00 $137.4K ($4.865M)
FY01 $4.156M ( $9.140M)
FY02 $8.058M ($3.924M)
FY03 $6.656M ($7.118M)
FY04 $6.412M ($5.302M)
FY05 $6.602M ($2.107M)
FY06 $6.230M ($2.329M)
FY07 $5.895M ($2.154M)
FY08 $8.258M $0.285M
FY09 $5.399M $2.917M
FY10 $5.909M ($0.738M)
FY11 $6.273M ($0.654M)
FY12 $5.471M ($1.837M)
FY13 $6.057M ($3.081M)
FY14 $7.436M ($2.071M)
FY15 $4.264M ($3.153M)
These hopey-hopey know nothing tech-illiterate investors will always claim there's something behind the curtain. Look at the technobabbler....same garbage for 20 years.
Gimme a freaking break. Now Musk is somehow involved with VCSY....who would have thought that was coming. There's nothing here. Investors have been duped for decades, and you're one of them.
The guy needs to patent his techno-gibberish generator.
"As of March 1, 2023, the delay due to Farias attorney stating family emergency was granted by the Court. The original court date was removed from docket, and the new court date is now May 16, 2023."
And just like after the judgement against Wade, nothing will happen when this hearing is done. Wade had a judgement of $20M against him but VCSY doesn't think he can pay. Valdetaro was awarded $1.5M that he'll probably never get. So what was the point of suing him? They wiped $1.3M in deferred compensation owed to him but that's about it.
They settled with Mills and got 5.2M share of worthless stock and $600K in compensation wiped from the books. Litigation probably cost that much so the lawyers made out but that's all.
Then what? When all this legal wrangling is done soon, what happens next? What is their plan? I see nothing. Anyone want to buy my shares at 2 cents?
So with the Wade lawsuit done, what's this new "management" planning to do to get the stock trading again? Where's their business plan?
The IRS won't take worthless VCSY shares. There will be no criminal charges filed, because if there were they'd already done that. He won't see prison, and he's really lost nothing because he sucked all that money out of VCSY for years and he's almost dead. He's 84 and overweight. He got a free ride for over two decades while he screwed shareholders. You HAVE lost everything, you just don't know it yet. The stock is worthless and I still believe it will never trade again. The new "management" has no clue.
So what was the final outcome? What did VCSY shareholders gain from all of this legal wrangling with Wade?
It's hilarious to read all your hopey hopey posts and your visions of grandeur. Nobody is paying VCSY anything. Now Solutions, 75% owned by VCSY, is probably limping along barely staying alive. If they were doing better the new "management" wouldn't have their hands out begging for pennies. Sawblade is as big of a scam as VCSY was imo. There's no indication from anywhere that they have anything that anyone wants. Here's a hilarious technobabble post obviously by our "friend" on the SBV Facebook. He says a lot of words that say nothing.
"Dialog transformers remove the need for wiring between machines in order to interoperate. This means that information may be isolated like separate wires and insulated to keep data more than just private and secure. Invisible and untouchable." LOL!
Unfortunately VCSY has ZERO AI technology. I remember when VCSY was supposed to have the best of everything out there. But they never did.
I have a feeling that's how it's going to end for all the prior shareholders. Most have given up on this junk, but there are still the clueless ones who think "technology hasn't caught up with VCSY" and that the patents are worth "billions" and that "every company in the world needs VCSY" and that "it's just a matter of time" and on and on and on.....
I just want to know how to write off a stock that is delisted but the company still exists. The stock has not been canceled by the company. I'm not sure, but I think the brokerage has to do some sort of a "zero value sale".
Hilarious JediSpawn. In 20 years the "technology hasn't caught up yet". LOL! VCSY has absolutely NOTHING that will help autonomous vehicles. You can try to tie VCSY to everything like the scammers did 15-20 years ago, but they still have nothing. "World Peace" has nothing to do with anything, surely not VCSY. Politics has never stopped any real tech company from producing products. Sure, only an excuse for VCSY. You will still be here 5 years from now wringing your hands like Kona does daily, hoping VCSY does something. After over 15 years of watching this scam, I'm 100% convinced it will never amount to anything. Ever.
Wade was never criminally charged with anything, so there never were any "convictions". If that's not true, prove it.
I think you're schizo. One day you're bashing management, the next day you're praising them. It's all a scam, and you will see "soon". Nothing will ever happen here. The new "management" will just disappear with whatever money they can rip off from shareholders.
Inverters don't have transformers. Transformers require AC current. Please don't keep making yourself look ignorant. Throw out all the buzzwords....memristor, blockchain, FPGA, oh and you forgot "arbitrary" too. LOL! You VCSY pumpers are clueless.
I was told that Ploinks would be spun off, and that I would get shares. I was told that VCSY was worth "billions" but it never happened. The 12 bogus subsidiaries never made a penny.
And likely you never will. Somehow this new clueless management was led to believe there was something worth going after. There is nothing. This "company" has always been a scam. From day one.
Wade hasn't been convicted of anything. He hasn't been "convicted of fraud, embezzlement and theft" so stop telling lies. Locking him up will do nothing for VCSY shareholders except maybe make you feel good. "The guy we have" isn't even a poddle, he's a neutered chihuahua. They took more money, and have accomplished virtually nothing. They won't even tell you what's happening. There's no reason they couldn't be running the business and getting the stock re-listed, but they're too obsessed with the lawsuits against Wade and others. They have no clue what they're doing, nor what supposed "technology" VCSY has. If there's really something there, why can't they be licensing it? Because there ain't.
I personally don't think the new "management" gives a shid about shareholders. They thought they could jump in and clean up what Wade left over. But clearly not much has happened in years and is unlikely to happen anytime soon. VCSY is a scam and so is SBV imo. Both have been sucking money for years, and there's nothing there. Portuno learned well from Wade, and he's pulling the same scam. Wait til they issue stock and he gets a bundle of shares that he sells off to the same suckers that invested in VCSY. It won't be me.
Maybe you're starting to see reality. There is nothing here. VCSY has nothing. The patents are garbage. All they have is money-losing Now Solutions.
JediSpawn, You're so sure they have "secret technology" and they can't talk because of "NDAs" and I'm sure there's "billions" hidden too. You sound just like the scammers from 15-20 years ago.
Your "airplane" is out of fuel, and the wings fell off. It's going nowhere.
There have been no criminal charges filed against Wade, so your "handcuff" bs can keep waiting. Yeah the guy is a scammer, as I said 15 years ago while you and portuno-the-scammer defended him, but it'll be hard to prove he committed any crime.
A U.S. utility patent, explained above, is generally granted for 20 years from the date the patent application is filed; however, periodic fees are required to maintain the enforceability of the patent. U.S. design patents resulting from applications filed on or after May 13, 2015 have a 15 year term from the date of grant; however, patents issued from design applications filed before May 13, 2015 have a 14 year term from the date of grant.
The patents are expired or totally bogus, like the FO patent was. The "ducks" are dead. You'll be dead before you ever see a penny from this so-called "company". You can't even write it off.
VCSY has never been a "real company". It was a fake, "cash cow" company that consisted of Now Solutions, that Wade BOUGHT as his "cash cow". Then he created 12 bogus "subsidiaries" to try to pretend it was a real company. None of the "subsidiaries" ever made a penny.
I don't believe there is a "business plan". I don't even think they know what VCSY has in terms of patents and any bogus technology they supposedly have. I think they just slipped in to reap some benefits like Wade did. Obviously the CTO is in it to get some money he's owed. I don't think he gives a rip about shareholders who he helped screw over. There's no reason they can't do things in parallel, but I don't think they even intend to re-start the company.