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18.9 million O/S?
They issued almost 300 million for dilutive financing of just under 300 grand. While they netted 1.5 million.
Scam.
Yeah increase 70% net on 14% decrease in gross revenues.
Means their market share decreased. Cutting operating costs to make more is fine but when your overall gross decreases that spells a slowdown coming.
Negative.
They have a 304,000 dollar note coming due in June so they are selling at a min. another 150 million shares this month. If not already on the street.
Then they have another note due in November. And another one due in Spring of next year. They will be right on track for an R/S next summer.
Yeah same thing happens with everyone of PV's companies.
You ever wonder why it never takes a massive jump on covering?
Cause the note holders on the convertibles are selling short and covering with conversion. These notes are owned by family and friends of Verges.
Class over.
That is the same thing Verges has claimed for years.
Funny he never addresses his dilutive financing which is from his private companies owned by him and other family members. Which adds billions to the share count to pay off 100,000 dollar loans but they are netting millions. Yeah.
Red River Capital used to be one.
Or his stock promotion ties to ivaluerich.com formerly on the board of directors.
This guys is a stock promoter.
Or why all the businesses are run from the same suite in Dallas Texas.
118 million revenue and just over 2 million net.
Profit margin of 2% = horrible.
R/S every year for how many years now?
Verges stated 5 plus years ago that they where going to increase shareholder value and move to a big board exchange. And in the last two years he has stated this with everyone of the public traded NWMT owned companies. All while diluting into the billions and R/S each and everyone of them.
Keeps claiming he can not get bank financing. How? People are still getting all kinds of business loans with not near the capital he claims his businesses have.
100% PUMP and DUMP
Do your DD!!!
All these companies in the Greenfield partnership are owned by NWMT. They used to be subs of NWMT, now they took them public so they can pump and dump stock to grow the business for free without giving anything back to shareholders.
It is all owned by Philip Verges.
Seriously?
This company is loosing money at an astronomical rate. Take the 22 million gross revenues of china radio sub. that they are looking to acquire from CCTR. Then figure the net on that. It is 1.5 million net.
That is enough to get them through only three months for a hole years work. That is if they can make that much next year with that same company.
And how are they going to pay for all this? Selling stock of course. That is why they had a R/S recently and will be having one again in the future.
All Philip Verges companies are POS.
This guy is a joke. Case in point NWMT is one of only two Verges companies making a profit.
Yeah a huge profit (phh) 100+ million gross. With a net of just over 2 million. The exact math comes out to a profit margin of less than 2%.
That is horrible as is the reason why NWMT keeps pumping and dumping shares. That is the only business that they are good at is printing shares.
Go to marketwire and you can pull up PR's for over 2 years for PV's companies. Then tell me how many times he has posted the PR that you just put up.
Any questions as to why the stocks to all of PV's are always shorted heavily on a daily basis?
Wish my broker would let me short these things. If anyone finds a broker that will let you short some of PV's stocks without having a huge account let me know. I would like to make some money here and shorting his stocks are the way to go.
I know there was a private company hired to investigate for possible civil action against PV.
Who knows what the feds are doing on anything. I don't think they know half the time.
Yeah you are right small oversight.
Filing the paperwork that keeps your stock listed and all. LOLLLLLLLL
Tell me another please.
LOL
At what point do you think less transparent operations by a PV company is good?
125% sure
Just as sure as I am that Verges is currently being investigated.
NUBL now also went to the pinks.
http://finance.yahoo.com/q?s=nubl.pk&ql=1
Now all of the PV companies are on the pinks for failure to file.
Its official.
Gone to the Pinks. Kicked off the OTCBB for failure to file.
http://finance.yahoo.com/q?s=cctr.pk&ql=1
Up listed to national exchange just like NWMT. That is how Philip Verges works.
And people wonder why he is involved with the UN and philanthropy. Try to legitimize himself.
Look at the Current Ratio.
This company is in deep trouble. The current liabilities are 4.5 million and the current assets are 450k
That is not only less than one it is a current ratio of around .1
Not good at all. The OS is going to climb to the 2 billion if they want to stay in business.
And last year and the year before when PV reauthorized to 3 billion he stated there was long term value.
Now he says day trade as of last fall.
He also did the same thing with NWMT. Stated he was going to a bigger exchange then they were delisted to the pinks.
Means they will be delisted from the OTCBB if they do not file very soon.
It has already been done on several occasions.
Fact is Government agencies go most bang for the buck. They have to keep getting their budget approved.
Low profile scams as these just don't get the job done. Don't get me wrong it still rakes in tons of cash just not very high profile.
Also they are extremely slow. Even more so with penny stocks. SPNG took a long time to shut down. GFGU which was hand packaged for them they still have not shut down. Really slow.
Why it takes them ten years with this guy I have no idea. It is obvious to me but I have also done over 2 years of research collecting on this guy.
Just had to point out one point.
Its the last 10 yrs.
All of these Verges companies used to be under NWMT as divisions. Now they are subs. of NWMT with all controlling interest owned by Verges through NWMT. He controls the preferred in NWMT and NWMT controls the preferred in the subs.
Common no voting rights and preferred not affected by dilution.
Verges at current count is running the following P&D:
WSGF
NWMT
CCTR
NUBL
NVAE
And then he has several private companies which do exclusive service contracts for these. All HQ out of the Dallas TX address suite 210. Dallas mailing address actual physical location is in Addison.
Because post R/S in that time period the O/S count went from around 20 million to just under 1 billion.
A couple hundred % increase in O/S is going to wipe out any gain in revenue.
LOL
Ok I will be the bigger of the two here.
Keep laying it on thick at people you know nothing about.
Not surprising you have not done anything but pump and promote on this board.
No research or DD on this company on your part.
If you are a real trader you would not be trading CCTR, not enough money to be made here.
Way overvalued.
Philip Verges and Heidi run about 15 companies some public some private. All from the same suite in Dallas.
His companies started with IPvoice which is now NWMT.PK
NWMT.PK is the parent company that CCTR.OB was spun off of.
A couple things his companies have in common. They all issue lots of shares and have all done R/S. They are all issue tons of PR's stating how undervalued they are and get their valuations by Prime Equity Research. (Prime Equity Research is paid for those valuations by the companies. Check their website and the disclaimers.) They have done this in the past while planning R/S (Latest was NWMT.PK) They are all owned by NWMT.PK which controls them and the way the bylaws are written there is no way of a hostile takeover.
The private companies he owns hold several service contracts for the public companies.
His last auditors certification was pulled for involvement in a pump and dump scheme. It was not small they took investors for tens of millions. Their role was to say the books are on the up and up.
Philip Verges has long ties to stock promoting to raise capital. He was a partner at Red River which is now out of business. And he is on the board of ivaluerich.com
And I will wrap it up with a simple question. Why does all his companies consistently make record profits, but all need to do R/S and increase share structure?
If people here did DD you would know why this thing will never sky rocket.
And that 160 million dollar deal they have been advertising for over a year. Still only updates that say the same thing never anything new.
Funny my post was changed. ??? That post makes no sense.
Anyway CCTR was spun off of NWMT and it used to be a division of NWMT.
It was under a different name till the R/S's which have taken place even though they say they are making record profits.
All clients are confidential. And there is no way to get ahold of sales if you are interested. The site is for PR's for stock promotion.
The above is the original post.
NWMT owns CCTR. CCTR originally was a division of CCTR.
Verges and company spun multiple businesses off of CCTR then pumped dumped R/S and repeated the process. This has happened several times.
Do you all believe the ugly truth now?
Some here have the idea. But you can still tell no good DD done.
The CEO does not control this company. NWMT does. It is a spin off just like many others from NWMT which was started and is owned by Philip Verges. This guy starts more companies than anyone I have ever seen. NWMT owns the controlling interest in CCTR and it will always be that way.
The CEO's in these companies are figure heads and that is it.
As per posted on yahoo by a poster there.
Here is a non paid for analysis of CCTR by TheStreet.com
Just a little more reputable than Prime Equity who has been paid by Verges to pump his companies.
http://www.thestreet.com/quote/CCTR/details/analyst-ratings.html
They have had a sell rating on this for the entire 3 years since I have follow Verges's companies. And they have been spot on.
Why does this sound familiar?
Maybe it is because the vast majority of people who have ripped off investors do this. They turn to being a charitable contributor in an effort to make themselves look legit. Take the heat off themselves and promote a successful image.
You are spot on. Verges and company spend plenty of money and time for charities. But the people who invested have never had a return on their investment in 10 years of Verges running multiple companies.
Most use the address out of suite 210 in Dallas.
Yes you are.
You can even go to The Street.
They are the only non paid by the company analysis given. The cash flow was according to The Street a negative 2000% year over year. Which means three possible scenarios and none of them are pretty.
One and what many prescribed to on this is the fact that the books are not right. What further lends to this theory is when you dig deeper into the private and public companies Verges has. Also the fact that the last auditor had their license pulled.
Two being that they are allowing clients to carry way too much debt on the accounts. In other words they are very bad at collecting their accounts receivable.
And three would be that they are trying to grow the company too fast. In and of itself it sounds great, but it is not. If they default on loans etc. which Verges did with NWMT they could end up in court or worse BK. How? Their bills are coming due and instead of paying the bills they are buying buying buying new technology, operations etc. Then they are depending on stock sales to stay in business. All fine and dandy till the day the stock does not bring in what they expect.
LOL
You should probably do some growing up.
I am just looking at the facts.
And yes I despise people like Verges for several reasons. One being he gives Veterans a bad name. Two being he is making money from scamming hard working people. Three being that people like this are bad for our country.
If you are so concerned with insulting people then be a man yourself and step up to the plate. Do the right thing.
Because this stock is only for high risk flipping.
Philip Verges who has the control of this company through NWMT has never in over 10 years done what is right for investors in any of his companies.
Not once.
Nice pump.
Valuations are not done off of gross revenue. They are done off of net.
And the only place you see X factor of 2 or 10 etc. is from stock pumpers.
Real valuations are done off of book valuation then you may do net also added in as a forward valuation when selling (and that forward valuations are not an exact science but not 10 times value etc).
Loan officers, business speculators etc. do not use these crazy valuations you guys are always speaking of.
Don't worry they always file an extension.
Gives them more time to dump on the assumption of what the shares outstanding are. As compared to what they have always been quarter to quarter on this one, massively diluted.
Should have plenty of time to sell.
Probably the same people who started the pump?
Gee I don't know maybe since just under a billion was outstanding at end of third quarter and 3 billion are authorized. Hmmm I wonder who could be dumping.
For all that is holy.
Do some DD.
Verges and his dilution scams have a ten year track record of this. Yes a ten year track record.
Just last year he was pumping all his companies about ROI and undervalued. Several did R/S, one went to the pinks and CCTR authorized shares from 1 billion to 3 billion post 2009 R/S.
This guy is a director at ivaluerich.com which is a stock promotion operation.
These people are stock promoters that is how they make money promoting stock and doing business between his private and public companies. That is why the private parties to Greenfield are never listed due to the fact anyone with access to a computer could verify the private companies as his own.
He is very good a funneling money out of investors pockets into his own.
Makeabuck,
Unfortunately that is 100% true.
Philip Verges and family are the ones who have been running this stuff. NWMT just coming off of another R/S after pumping their undervalued price through prime equity is the parent company to all his companies.
His latest pump operation is the WSGF. World Series of Golf. I am not a gambler but some who are have looked at it and say the rake is totally out there in left field. Which would reenforce my thinking that they are just setting up companies to funnel money back to their private companies through debt to equity service agreements.
Blago in the last three years I have seen them go .003 to 2 cents.
Just depends on how high they want it to go for the shorting on the way down.
Like I said be on your toes this guy has done this with all of his companies.
The mixing and matching of their private companies with Greenfield companies etc. is very intricate. And he is good at what he is in business for which is getting money out of investors.
I would say it is a safe bet that I am not the only one noticing. Tread lightly and good luck.
And no I am not a short. Some in here make me wonder though. If I was a short I would be pumping like mad cause I know where this is going in the future through years of DD. I have tried to short this but have not found a broker that would let me. If you all know one let me know.