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In most cases, the commission expense precludes purchasing in small quantities. BTW, the IBOX still needs updating for both authorized and outstanding shares. As it is now, it is worse than meaningless.
Bulls and Bears prosper, Pigs get slaughtered.
I'm pressed for time right now and not all that confident that I can do that, but if you e-mail me I will forward the e-mail I received tonight or tomorrow and you can then post it. I became computer illiterate when Windows replaced DOS.
I thought that was made pretty clear in my post 5700 in which I quoted directly from the e-mail. I am computer illiterate when it comes to posting links, however, if you e-mail me at marks37@yahoo.com, I will forward a copy of the e-mail to you. If you have the time, I would appreciate it if you would be good enough to give me detailed instructions on how to post links and in addition to forwarding a copy to you, I would attempt to post the link for all to see.
The transfer agent in accordance with my post 5700 this morning is my source. What was your source?
You had best try again. The IBOX now shows outstanding shares of 63,880,000 as of 4/19/05 which is irrelevant. The current figure is 3,749,747,467 as of 7/29/08. It now shows A/S of 3 billion shs whereas the correct figure is 5 billion shs (not including the preferred which are convertible into common stock).
On the surface, it would appear that Joe was less than forthcoming in not mentioning that the stock had already been diluted since there was a significant increase in both the o/s and the free trading shares subsequent to December 31st.
Good morning. The IBOX shows 3.3 billion shs issued and outstanding with 3 billion restricted leaving approximately 300 million free trading. It's time to update the IBOX since the o/s has increased as of 7/29 by approximately 13 percent and the free trading shs have increased by about one hundred and thirty percent.
Now that REALLY is FUNNY. Despite the fact that you were told that they never received a request, I received a response (to my request of 7/25/08) at 7:20 P.M., Wednesday, from Jason M. Bogutski, President of Signature Stock Transfer, Inc. as follows.
"Please note because of the numerous requests (from mostly the same persons daily) which are by a majority chat room driven for the shares outstanding, please note we are exercising our right to respond on delayed basis if needed (5 days) for these outstanding numbers.
The total shares outstanding for Virtual Ed as of 7/29/2008 were 3,749,747,467 shares outstanding with 709,185,432 shares free trading and 3,040,562,035 shares restricted."
I had also requested (if possible) the dates that the restrictions would be removed, but, this information was not supplied.
Bulls and Bears prosper, Pigs get slaughtered.
Still awaiting response from Transfer Agent to my e-mail sent Friday morning. Perhaps some of you can also send e-mails to put a little pressure on them to divulge issued and outstanding shares. Address of transfer agent is in IBOX. It is important to know whether there has been any dilution since December 31st for more than one reason.
Check the prominent warning at pinksheets.com in respect of VRED not having a market maker.
I must have missed something. I thought VRED did not have any Market Makers.
FWIW, this morning I e-mailed the T/A requesting information on the current issued and outstanding. I am awaiting a reply. If there is a major difference between the 12/31 figures and the current figures which I suspect there is, then Joe Forese's statement about funding without dilution will be even more suspect than it is now since it is not in harmony with the company's submission to pinksheets.com
Laugh all you want--just be sure to get out of your long position on the next pump.
If I were in your position, I would NOT take the oral word of a company employee at face value without independent confirmation.
You might if you so wish, ask him why since in it's PUBLIC submission to Pinksheets.com, it stated it's intent to sell equity (thus causing dilution) which could be construed by the public as a NEGATIVE, it has failed to PUBLICLY announce that it has now secured NON_DILUTIVE financing, if in fact that is true?
See post 4953 in that connection.
When you chose to be a disciple of Barnum, you forgot the caveat--"but, you can't fool all of the people all of the time".
If the ABSENCE of a MARKET MAKER was unimportant, WHY does pinksheets.com display that information in a PROMINENT manner as a WARNING.
Why doesn't VRED have a market maker? Is it because they do not have the courage to open up their financial information to a market maker who would insist on such information prior to assuming the role of MM? It is a fact that the absence of an MM is a major factor in the disorderly VRED market. Is this disorder by VRED design?
BTW you have NEVER proved me wrong, but if you wish to try to fool all of the people all of the time, be my guest.
There are NO market makers according to pinksheets.com
Did he say how they were going to be funded?????
Are you still giggling????
That was excellent advice, but, the suckers were in love with Jeff.
I will certainly do so and get involved in their day to day management just as soon as they put me on the payroll at a mutually agreed upon salary or on a consulting arrangement.
You are certainly welcome to disagree. As to your questions,quite frankly, and, I don't mean to be rude, but,whether or not I have bought shares for trading purposes, investment purposes or to cover a short position is a private matter.
Your other questions can be answered by simply checking my prior postings---just click on marks37. If you are interested in some humorous comments about my postings and alleged activities, click on "LookinForAQuarter"s postings.
You are certainly welcome to disagree. As to your questions,quite frankly, and, I don't mean to be rude, but,whether or not I have bought shares for trading purposes, investment purposes or to cover a short position is a private matter.
Your other questions can be answered by simply checking my prior postings---just click on marks37. If you are interested in some humorous comments about my postings and alleged activities, click on "LookinForAQuarter"s postings.
The fact that a company officer would tell you orally that the company has been funded, but, the company does not announce it publicly, does not inspire a heck of a lot of confidence in the oral statement IMO.
Bulls and Bears prosper, Pigs get slaughtered.
Unless the company has been funded within the last few weeks, the statement that "the company has been funded and there are no plans for dilution" would appear to be in direct contradiction to their submission of "Issuer Information and Disclosure Statement" to pinksheets.com at the end of June 2008.
Page 24 of the submission, Item XVII, Part B. "This ramp up will be directly affected by our ability to fund current operations through the sale of equity in the company"-------"We believe WITH THE PROPER FUNDING IN PLACE, VELI CAN BE a major player in the School Security market in a very short period of time due to our unique product line."
IMO if the company has been funded (it had ZERO assets at 12/31/07), it would have been worthy of a PR from the company and would have been mentioned by one of the "market awareness" outfits pumping the company.
Bulls and Bears prosper, Pigs get slaughtered.
As far as dilution is concerned, in the "Information & Disclosure" document submitted to pinksheets.com by the company in late June, the company clearly stated that it intended to raise required funds through the sale of Stock. Based on the company published burn rate, one can expect significant dilution until the company reaches profitability.
Bulls and Bears prosper, Pigs get slaughtered.
If your post was intended to confuse the issue, it has served its purpose. The plain fact of the matter is that whether or not the parent is also creating its financial statements and I use that term advisedly, there appears to be no legitimate reason for VRED to have NOT published a "cash flow statement and a statement of retained earnings"
The fact that the company uses a licensed accounting firm to prepare a "Compilation" which is nothing more than the accounting firm casting the company supplied unaudited figures in an acceptable format without expressing any opinion on the financial statements means absolutely nothing.
In FACT, if the accounting firm were to express an opinion on the financial statements it would be required to include in the opinion doubts as to the ability of the company to continue as a going concern.
If you need others to check recent price movements and volume you should NOT be trading at all. BTW VRED does NOT have a market maker and accordingly, there are big spreads in the bid and asked which makes trading this stock very difficult. Why trade where the odds are so stacked against you?
Bulls and Bears prosper, Pigs get slaughtered.
According to the company's filing with pinksheets.com towards the end of June, the company had no assets as at December 31, 2007 and liabilities of approximately a quarter of a million dollars. The burn rate is stated at approximately $75,000. per month and the source of funds is anticipated to be the sale of company stock until such time as the company becomes profitable. Sales of stock to raise $75,000 per month would cause significant dilution at current prices.
The financial statements posted are NOT AUDITED and are NOT IN COMPLIANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES and accordingly cannot be relied upon.
Bulls and Bears prosper, Pigs get slaughtered.
Nice to finally see a little healthy skepticism on your part. It appears that here may be a new player in the P&D crew since someone (APPARENTLY NOT THE COMPANY) recently paid cash and four million free trading shares to "e-media direct" for various media services.
They have not pr'd any contracts in months so it is unlikely that any new ones have been entered into.
With any kind of luck, Santa will bring you another 1 for a hundred reverse split for Christmas. That should cause a nice increase in the PPS albeit temporary.
Bulls and Bears prosper, Pigs get slaughtered.
I stopped believing in Santa Claus when I was about 7 yrs old. Obviously some people still believe in Santa Claus.
Bid .006 Asked .011. Unbelievable spread. Be nice if they would finally get a market maker to maintain a relatively orderly market.
Bulls and Bears prosper, Pigs get slaughtered.
VRED FINALLY no longer CAVEAT EMPTOR on pinksheet.com. Be nice if they filed quarterly statements now and got a market maker like a normal company.
Bulls and Bears prosper, Pigs get slaughtered.
It does not make any sense to short at these levels.
With it taking only $1000 to buy 200,000 shs. the volume is NOT impressive.
With a few billion restricted shares becoming unrestricted in less than a year, I would be surprised to see a significant rally, but, stranger things have happened so you could be correct.
Judging from your post 44723 in which you state "as of today they were terminated"--"leaves you in the clouds" it is difficult to conclude what you think we know when you state, "Heck we know--grasp it" If true, I guess, that perhaps, you have, using your terms, come out of the clouds.
Bulls and Bears prosper, Pigs get slaughtered.
It is up to NWOL to explain why the auditors are no longer working on the audit.
I believe that if the audit was completed and if the audited figures were fundamentally in accordance with NWOL's previously issued PR's, then NWOL would have posted it to their site and trumpeted it in a PR.
The fact that we have heard absolutely NOTHING from the company is a very strong indication that the auditors were not prepared to sign off on NWOL's financials and either resigned or were fired.
I can't explain why the term "terminated" was used but I believe that it is indicative that some action was taken by either the company or the auditors to sever the relationship. The explanation by some, that the auditors used that term in lieu of stating that the audit was completed so as NOT to provide INSIDER INFORMATION is IMO ludicrous on its face since without knowing whether the results of the audit are positive or negative, there is absolutely no trading advantage to be gained simply with the knowledge that the audit has been completed.
Very strange financials!!!!!
On page 12 (item IX) it shows a Preferred stock with a 100 to 1 voting power as compared to the common and 2 million shares authorized and issued (to one individual).
On pages 13/14 (ITEM X) it shows both a Class A and a Class B preferred each with 10 million shares authorized and issued (2 shareholders of the Class B and no description of voting rights).
The voting power of the Class A preferred is equivalent to 1 billion shares of the common--the Class B ??????
It would appear that if the insiders unloaded the bulk of their common shares, they could still basically control the company by virtue of their Preferred holdings.
As of December 31, 2007, the financials (unaudited) show ZERO cash and ZERO assets with approximately one quarter of a million dollars in liabilities.
The company is still designated "CAVEAT EMPTOR".