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Even if you have lost faith in RELM that is fine ,however the NEGATIVE speculation in general by posters is shallow without links to back it up .. Show me a link with dirt and facts I am the first to give kudos !
I see what you mean, I have heard that some market makers watch boards like this and post to run the PPS up or down.
I don't understand Nate what's the story on this link?
http://investorshub.advfn.com/boards/profilea.aspx?user=283393
before they started manipulating the paperwork???? So tell us what's going on
I was told the samething, but looking back with your conversation with Florence do you really think she knew.
So how many shares did they dilute? If they wanted to they could have diluted all the shares R/S and started all over again. To this point I see no dilution and with the share structure no R/S. Not saying it can't happen because this is PinkyLand, but I don't see it in these fins.
Year end Versalign posted earnings of $1,780,715 add the 15% forecast moves that total to $2,047,822 for 2011.
By partnering with a national IT vendor for the Delaware staff augmentation contract, Versalign
has opened the door to provide contracting services in other states that this vendor is active,
including New Jersey and Pennsylvania. Versalign is also starting to see a rebound in private
sector spending for information technology services. Versalign is forecasting a 15% to 20%
increase in revenue for the period ending June 30, 2011 versus Q2-2010. Management is
optimistic that this trend will continue for the balance of 2011.
RELM 17th on the Breakout Boards
Is anyone on the board close to Delaware able to make a vist to the corp office??
Thanks Cibola what did you think about the fins?
Mods should sticky a copy of the fins for the newbees
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=55520
Notice the volume chart for the last two days is colored green for buys. The chart doesn't show sells, I thought that was interesting.
Randall G. Burton is the President of PCSO since he has been there what can you say negative about him. Here's what I know.
Randall G. Burton has been the President of Protective Capital Structures Corp. since February 12, 2010. Mr. Burton served as President of Relm Holdings, Inc. since 2008, where Mr. Burton lead to work in partnership with AVI to introduce a pilot information technology program for real estate properties. He led the expansion of RELM Holdings, Inc. into the technology services business. Mr. Burton has more than 30 years experience in real estate related activities, such ... as construction, development, sales and management. He has been the Chairman and Director of Protective Capital Structures Corp. since February 12, 2010. He serves as Chairman of Access Versalign Inc. He serves as Chairman of Relm Holdings, Inc. and has been its Director since September, 2009. He has been a Director of Relm Holdings, Inc. since September 2009.
Johnsons???? Why do you always bring up the Johnsons? Are they running the company? I know who they are and what they did, and I know where you can find them, but 1300 N. Market Street Suite 307 Wilmington, DE 19801 is not it. Marc Greenberg is CEO of RELM, tell me the negative things about him. Here's what I know.
Marc Greenberg is an Information Technology Executive with over 25 years of diverse experience in real estate and managing Information Technology services and developing business application solutions. Mr. Greenberg is Chief Executive of Versalign, Inc., a subsidiary of Access Versalign Inc., which is being acquired by RELM. Versalign is one of Delaware's leading IT service providers and Value Added Resellers. As Executive Vice President and Chief Operating Officer of RELM, Mr. Greenberg will guide the implementation of the Access Channel Software and the development of Technology-based life-style products and services for Access Channel's clients in addition to managing real estate acquisitions for Relm Real Estate Holdings Inc.
Prior to co-founding Small Systems Management, Inc. (Wilmington, Delaware) in 1985, Mr. Greenberg was a Personal Computer Specialist with the IBM Corporation. SSM quickly grew from a two person start-up to a full service 300+ person IT Value Added Reseller and support company providing technical support services, network support services, IT product sales, structured cabling and application development services for clients that included First USA Bank, J.P. Morgan, and the State of Delaware. In the early 1990s, the company had outgrown the Small Systems Management name and became AmeriStar Technologies, Inc., with peak annual revenues of approximately $90 million and operations in over ten states. SSM / AmeriStar achieved the rare distinction of earning a spot on the Inc. 500 magazine listing of the nation's fastest growing companies for six consecutive years.
After 2000, AmeriStar became Versalign, Inc. as the company refined its primary focus on the versatile delivery of Information Technology services aligned with the client's goals. Versalign provides targeted solutions for corporate, professional and governmental clients in the Mid-Atlantic region. Versalign provides Network Support and Integration, IT Security and Remediation, Professional Placement, Desktop Support and IT Logistics Services. Versalign maintains expertise in Microsoft, Novell, Citrix, SonicWall, Packeteer, Fortinet, Cisco, Checkpoint, Hewlett-Packard, IBM, Unitrends, Symantec and Dell Products. Although recent years have been strenuous for technology related businesses, Mr. Greenberg was able to produce a profit of $44,271 in 2008*. For more information about Versalign, please visit www.versalign.com.
Good News!!!! AVI sub-contracting for Valex Consulting I can't prove this but it's a gut feeling.
February, 2011
State of Delaware retains ValexConsulting to implement SharePoint 2010 including installation, customization and configuration (Security and Single Sign-On)
http://www.valexconsulting.com/spotlight/news/
The current State of Delaware Network Services contract under which Versalign operates has
been extended while responses to the new contract are being reviewed. Versalign submitted a
response to this RFP and is waiting for the award announcement. For 2011, the State of
Delaware entered into a Managed Services contract with a national IT vendor to manage staff
augmentation (contractor services) within State agencies. This overlaps with the majority of
services that Versalign provides to the State of Delaware under the Network Services contact. To
mitigate the risk, Versalign has successfully engaged as a sub-contractor to this vendor and has
preserved both its contracted positions and margins.
Pg 10 from the fins
I might be wrong Num1inv but I think there's a battle for Access Versalign someone is driving the share price down so RELM can't paid for it. It's up to us to hold ground, and dig in.
Business Risks
As of 12/31/2010, AVI was not able to meet the financial covenants of our Credit Facility and is
thereby in default. AVI must replace this Credit Facility, secure additional capital to retire the
amount owed, or negotiate a settlement that reduces the principle amount owed.
As previously mentioned in this report, AVI is currently in default of its agreement with one of
the original shareholders of Versalign. AVI is actively engaged in negotiations to settle this
matter in a manner that is beneficial to all parties.
If we are unable to successfully obtain additional sources of liquidity to address the above
matters or to amend or replace our Credit Facility, it may be necessary for AVI and/or its
subsidiary to seek protection from creditors under Chapter 11 of the U.S. Bankruptcy Code.
JMO but what do you think
Good News!!! As of 12/31/2010 RELM has declined to move forward with any of the previously announced
proposed acquisitions due to a combination of valuation, due diligence concerns, market
conditions, and geography. Management has instead decided to focus on organic growth in our
existing businesses while exploring potential synergistic opportunities.
I Think this was a good move for the company to not go into debt for a acquisition, but to drive revenue through Versalign. Before Versalign was sold off and broke up into pieces it was a 90 million dollar a year company. We ended up with the best slice of the pie because we got Marc Greenberg with the deal. He was one of the co founders of Versalign.
Good News!!! RELM is not involved in any material legal proceedings. However, the subsidiary company,
Access Versalign is in dispute over a debt of$ 189,000 with one of the former owners of an
indirect subsidiary. It is expected that the suit will be resolved without any harm to RELM or any
of its other subsidiaries. At the outset of the debt, the indirect subsidiary established an escrow
consisting of restricted marketable securities; and once those securities are liquidated, the
proceeds should be sufficient to resolve the financial dispute.
This can be proved from the link below Access Versalign is on the restricted stock list AVERZZ.
http://www.tradingdirect.com/Static/StandAlone/non_dtcc_list.pdf
I just couldn't take the doom and gloom side of the fins anymore. Or the same for the post on this board. I can remember when I found this board a long time ago that it was filled with good DD, and good convesation about trading and a pact for longs. I,m willing to listen to bad news but back it up, tell me what's bad and have the DD to prove it.
Good News!!!!! Income Results
RELM has consolidated AVI and management has made some adjustments. RELM financials
include the acquisition of AVI and the merger with Versalign on February 20, 2009.
Year end 2010, revenue was driven by Versalign through AVI from the government and private
sector contracts for technology services and products that produced total revenue of $1,780,715
in 2010 versus $1,967,653 in 2009.
Versaligns revenue is only down $186,938 taken into account that Versalign works mainly for school systems and with the hit that schools have taken with their budgets last year.
Good News!!!! *Note: The 3,000,000 shares of Preferred shares issued, were canceled in exchange for a $500,000 Note. They could of kept the shares in the pot, but they didn't they chose to cancel them. Good for share holders.
Good News!! RELMs Shares outstanding is 650,010,410 not the 1,307,010,410 that alot of people said it was.
Good News''' RELMs Shares authorized is still at 3,000,000,000 not 5, 10, 25, or a 100,000,000,000 like alot of pinks.
BAD NEWS???? You want to see bad news take a look at all pink stock fins and then come back with one pink that has better fins than RELM producted in their year end 2010. Most all of them don't even make a dime, and is trading 100 times more then we are.
G. Carol Johnson, 67, a formerly respected loan executive and community activist, will serve three years and four months behind bars
Delaware courts: Couple sentenced to prison for fraud, conspiracy
WILMINGTON -- A couple that operated a Delaware lending institution that never lent any money -- while collecting hundreds of thousands of dollars in fees -- were sentenced to prison terms Wednesday in federal District Court.
Ed Johnson, 60, whom prosecutors described as "a lifelong con man," was sent to prison for 10 years, while his wife, G. Carol Johnson, 67, a formerly respected loan executive and community activist, will serve three years and four months behind bars.
Both at trial and at Wednesday's sentencing, Ed Johnson maintained that the criminal prosecution, followed by October's convictions by a jury on 14 fraud and conspiracy counts, was all a misunderstanding. If he'd gotten just a little more time and staff assistance, the financing would have worked out, he said.
"We were trying to help people, and now it's turned into a criminal event," he said.
But Assistant U.S. Attorney Lesley F. Wolf told District Judge Joseph J. Farnan Jr. that this was not an isolated incident. She said Johnson's criminal record stretched back 20 years, including convictions for larceny, bad checks, misappropriation of funds and fraud. She said prison time and previous court orders have not deterred Johnson and the only way to protect the public is to lock him up.
Farnan agreed, telling Johnson that the evidence showed that his loan business was conceived and executed as a criminal enterprise. "I think you started out to rip people off," he said.
According to court records, from 2003 to 2007 the Johnsons' companies -- MERL Financial and Heritage Capital Credit Corp. -- accepted 21 applications from businesses across the country for $370 million in loans to buy land and renovate buildings. But despite collecting $1.5 million in fees, the companies never delivered even a dollar in loan money to any of their clients.
Carol Johnson's attorney, Federal Public Defender Edson Bostic, picked up on the government charge that Ed Johnson was a con man, saying Ed brought that quality to his marriage.
In detailing Carol Johnson's impressive résumé, her charitable work and lack of criminal record, Bostic said she should not be defined by this conviction.
During her brief address to the court, Carol Johnson repeatedly and tearfully apologized.
"I am so sorry, so sorry we are here," she said. "I wanted Ed to succeed. We were married 25 years and I wanted him to succeed." She also said she never meant to do wrong and begged Farnan not to incarcerate her.
Wolf, however, pushed back against the portrayal of Carol Johnson as a victim. She said Carol's role -- her credibility as a loan executive before joining Heritage -- "was an essential part of the fraud."
Were it not for Carol Johnson's sterling reputation, Wolf said, many victims would not have done business with Heritage. And, she said, given Carol Johnson's lengthy experience in the loan industry, "she should have known better"
Farnan agreed, though in handing down a lighter sentence he said he was taking into account Carol Johnson's previous good works.
And unlike Ed Johnson -- whom Farnan ordered incarcerated immediately -- the judge allowed Carol Johnson to report to prison late next month.
Farnan also told Carol Johnson she might benefit from relationship counselling during her incarceration.
The Johnsons were also ordered to pay restitution to their victims.
http://www.delawareonline.com/article/20100527/NEWS01/5270366/Delaware-courts-Couple-sentenced-to-prison-for-fraud-conspiracy
Relm still on Reg Sho 4 days
http://www.otcmarkets.com/stock/RELM/short-sales
http://www.buyins.net/tools/symbol_stats.php?sym=relm
So when will your new pick list be comming out
http://www.valexconsulting.com/spotlight/news/
April, 2011
Ohana Companies, a leader in rebate processing and fulfillment selects ValexConsulting to develop the next generation of the rebate platform. The system is used by Sears, KMart, Elecrolux and others.
Buyins added RELM today
http://www.buyins.net/releases/index.php?sym=relm&id=168837
Found Marc Greenberg's bio from Ohana
Marc GreenbergA veteran technologist with over 20 years of experience in consumer and business services, Marc Greenberg is responsible for Ohana's technology development and implementation."I've known Chris Quinlan since I started my first business in a suite in Chris's father's building in 1985," said Greenberg.Greenberg is the co-founder of Small Systems Management, Inc. (Wilmington, Delaware), which Greenberg grew from a company that started as IBM consultants in 1985 helping small business owners with Lotus implementation, to Dbase development for clients that included J.P. Morgan and Chase Manhattan.In the early 1990s, the company became Ameristar Technologies, Inc. (New Castle, Delaware), and had over $50 million in revenue with offices in six states.Greenberg's company earned a spot in the Inc. 500 for six consecutive years.Greenberg is a graduate of the University of Delaware with a Bachelor of Science degree in Physics as well as a minor in business.
http://www.lead411.com/Marc_Greenberg_4898665.html
Hey Take
Have you passed your test yet to become a MM? Is that the only way to get Level III.
RELM on the REG SHO yesterday. I have never seen a stock like this that show's up on the REG SHO so much. I looked around and found out VRML done the same thing months before it boomed.
http://www.otcmarkets.com/stock/RELM/short-sales
I'm wondering the same thing since RELM's numbers don't add up right for the 1st 9 months with the 9 month fins. The numbers only add up to what we know is the Delaware Gov site,and the software license they are recieving.If Greenberg was working for Versalign on a project for Ohana where's the money? Either they only get paid at the end of the project, which would be a bonus in future fins, or no money has been charged because they are working on the project together. You know right after you wrote greenberg that email Ohana took his name off of their website. Makes you wonder!!!
Versalign contract runs out on May 31, 2011 meaning a new contract must be on the way.Proposal summited
http://contracts.delaware.gov/contracts_detail.asp?i=53
16.pdfhttp://bidcondocs.delaware.gov/GSS/07394A-ps.xls
I don't think this has anything to do with RELM, ABS Ventures Invests in Ohana.
http://www.everybodywins.com/images/stories/Ohana_PR_-_ABS_Ventures_Investment-Web.pdf
Why sell if it's the end of the world their money won't go with them.
Talked to the company again today and got the same answer about a PR, it will be out soon but can't give a date. She did confirm the O/S as being 650,010,410 the end of Sept 10, and as of now it is 1,307,010,410 put she could not comment on why. She said Mr Burton will be in at 3 o,clock today if someone would call. I won't be around to do so.
302 824 7064
This analysis was on May 2 2011
RELM HOLDINGS INC (NASDAQ:RELM)
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, RELM scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Friday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending April 30th
+30 New 3 Month High in March
+90 Total Score
Open High Low RELM Price Change
0.0005 0.0005 0.0004 0.0004 -0.0001
Versalign contract extended to May 31,2011
http://gss.omb.delaware.gov/contracting/documents/07394A-16.pdf