Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NITE has become a player of sorts and they show up on a lot of boards where they block the bid and ask. They show 10,000 on the ask and 10,000 shares are sold at the ask and NITE still shows 10000 on the ask. I want MM's to get burned so bad that they bleed.
Like the Jeffersons we be moving on up the right side of the chart to uncharted waters soon
VTXB should be running on news soon, possibly this week, Sporty posted a great post on the VTXB board which is gaining interest. This will be a great moving stock. The company that moved Nates is working with VTXB to get it right and do not engages in pump and dumps. Share structure is small with a 48 mil float and 99 mil outstanding.
Glad you are back Sporty and I could not agree more with your points. In addition the share structure is absolutely a positive and setup for a fabulous run
yes penny it could be anything but because he needs money to pay for expansion and he had to update the financials, it could be auditor pay, it could be JW pay it could be dinner at Ruth Chris or a stock holder liquidating to satisfy a debt, divorce and the list goes on but the point I was making is it is not the time to fret or run to sell. It is not an indication of a sinister plot.
No panic here please, not there is any indication that any longs have. This looks like someone wanting to be paid now. Lets say a person/company is doing a service for VTXB and was given shares for nothing or at a very reduced price (like a financier) who want the money now and is not interested in the future price. 2.5 million shares at .01 is $25,000 a nice amount for services rendered.
Do not believe it is anything to worry about and when the news starts to flow, we will be happy.
you got it right TMM
VTXB Several posters have mentioned this stock here, including me. The beast is about to awaken. Form 10 filed and effective. Company submitting updated Financial information. Gag order is lifted and company will be issuing PR's. Stock being held by strong hands. Share Structure very small with only 49 mil in float.
This is going to run soon and then continue to run from pennies, to silver the green.
You have been told
Thanks #265 for you
good going I have contacted the company also and hoping to hear back. Maybe they will figure out it is time for an update now.
Thanks Sporty they is a high compliment coming from you. This is ready to explode and make us all happy we held those shares all this time. There will be some sad traders that could not hold out or sell will the initial move of this baby. It is wound like a garage door spring that is waiting for the news and at current level two prices 500,000 shares would run us to .025 a 100%gain at the current price.
I do believe they will put something out next week. Hopefully if good news does not come out, they will offer a good explanation. I ju8st shot out another message to the company to try and get some from them. Will post anything I get.
nothing your are right. just wanted to see who reads my posts.
Filed Aug 29 2days
Sept 30days
Oct 28 28days
total 60 Days. If you count the 29th of Aug then the sixty days would be the 27th of OCT.
In any case, the date has come and gone and we are now waiting on WB to start the flow of PR's
I do not see any issue at this point but will begin to get concerned if we do not hear a word by the end of next week. The company has not responded to my request for status and I will keep trying.
No problem well deserved.
if that is the only one than you should be charging for your picks. I been trading for over 40 years and my batting average is 1 good one for every 10.so feel very good about yourself and your picks.
Thanks Struck you are doing a great job picking stocks.
No problem, now the PR's and run to green yes green if they do not screw this up
absolutely correct
I Know see my other post. trying to get people thinking. The company still has not answer me. Where are the PR's.
Absolutely right. glad to see someone reads my posts. It is already effective, so where are the PRs
no problem Ski
No problem Ski
VTXB SEC response to my question:
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
You ask (a) whether there is a time limit on the SEC's approval of a Form 10-12G and (b) whether a subsequent Form 10-12G/A alters the effective date of the registration. When a company files a Form 10-12G, the registration becomes automatically effective 60 days after the filing. An amended filing does not alter the automatic effective date. A company can only delay or prevent the automatic effectiveness of a registration by withdrawing the Section 12(g) registration statement before the effective date.
According to EDGAR, the Commission's publicly available electronic database of corporate filings, Vortex Brands (Vortex) filed a Form 10-12G on August 29, 2014 (http://www.sec.gov/Archives/edgar/data/1373467/000147793214004842/vortex_1012g.htm). It filed an amendment on October 3, 2014 (http://www.sec.gov/Archives/edgar/data/1373467/000147793214005247/vortex_1012ga.htm). As stated above, the amended filing did not alter the effective date of the original Form 10-12G. Only the withdrawal of the registration statement before the effective date can delay or prevent automatic effectiveness. For more information, please review Question 116.04 of the Division of Corporation Finance' Compliance and Disclosure Interpretations at http://www.sec.gov/divisions/corpfin/guidance/exchangeactsections-interps.htm.
SEC Answer:
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
You ask (a) whether there is a time limit on the SEC's approval of a Form 10-12G and (b) whether a subsequent Form 10-12G/A alters the effective date of the registration. When a company files a Form 10-12G, the registration becomes automatically effective 60 days after the filing. An amended filing does not alter the automatic effective date. A company can only delay or prevent the automatic effectiveness of a registration by withdrawing the Section 12(g) registration statement before the effective date.
According to EDGAR, the Commission's publicly available electronic database of corporate filings, Vortex Brands (Vortex) filed a Form 10-12G on August 29, 2014 (http://www.sec.gov/Archives/edgar/data/1373467/000147793214004842/vortex_1012g.htm). It filed an amendment on October 3, 2014 (http://www.sec.gov/Archives/edgar/data/1373467/000147793214005247/vortex_1012ga.htm). As stated above, the amended filing did not alter the effective date of the original Form 10-12G. Only the withdrawal of the registration statement before the effective date can delay or prevent automatic effectiveness. For more information, please review Question 116.04 of the Division of Corporation Finance' Compliance and Disclosure Interpretations at http://www.sec.gov/divisions/corpfin/guidance/exchangeactsections-interps.htm.
So based on this 60 days from August 29 is November 27 and it becomes effective automatically then.
Update on my questions for the SEC/Company is I still have not received an answer. Here is the question I sent to the SEC which is similar to the question I sent to the company.
I was told that when a Company (in this case Vortex Brands, VTXB) filed a Form 10 on 8/29/14 and an amendment on 10/03/14. I am an investor in this company and the company is not answering any questions.
My question has two parts:
Is there any time limit for the SEC to approve or deny the submission?
Does a submitted amendment restart the clock for approval?
Thank you for any update you can provide[color=red][/color]
Hopefully we will get news this week that all is fine and proceeding as anticipated.
I am fine with the PEB board This happened before I ever came to PEB where people took away marks for some reason. Maybe they did not like what I posted on that board. It was just I got number 72 from a person I marked, then couple minutes later another poster gives me #72 after I gave them a mark, and I thought that poster just made a mistake but proved he did not by showing a screen shot. I am ok with it but it would be nice to find out who does un-follow you.
Thank you BKMUC
you would like to believe that it is always an honest error but I note that people have complained about indian giving and that is a shame.
ok someone must have taken away mark after I got 72 earlier. Thanks
Recheck your follow I got 72 from from offspring in post 17551
you too thanks
Thank you
# 513 for you BKMUC mark me please
#92 for you offspring mark me back please
# 180 for you idig mark me back please
This stock is acting very similar to another reverse merger play I have been in as long as this one VTX* In the case of VTX* they did send out an E-mail that no info would be supplied till the SEC approves their Form 10 which is due any day now so as not to jeopardize the approval process. As has been stated by several posters no news is a good thing to help support the argument of a legitimate company since scammers also dilute into news. Also the volume that has been trading here is not manipulation by anyone.
Both companies have legitimate products/services they sell and are working on becoming legitimate enterprises. Another similarity is the stocks are small floats with shareholders holding tight onto their shares.
How high this can go will depend on how well the company has been doing in expanding their businesses, the revenue generated by these businesses, the share structure not being dilutive and any financing be also non dilutive if they need it. I personally aqm expecting this to rocket with some good news.
no problem
To ski and achron
As soon as I hear anything I will post a reply on the boards.