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.
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.
Jedispawn, VCSY is so "alive" that they're broke and can't even pay accountants to clean up the mess and file their required documents without begging for more money from clueless "investors". You obviously don't know anything about the history. VCSY took Now Solutions from $8M when bought, to $4M as of the last filings. Their patents have mostly expired. They don't even have money to pay the IRS. So much for "very much alive". LOL
JediSpawn, have you ever read through VCSY's patents? I have. Do you know the status of the patents? I do. Do you know any company that's using VCSY patents, and how they're using them? The settlements made during the patent infringement suits were "nuisance" settlements, meaning that it was cheaper to pay off the patent troll than to continue the litigation. MSFT, which the pumpers said would pay "billions", paid $3M. I'll bet you don't even know that.
Jedispawn, you're in denial. You know nothing about technology, yet you claim that VCSY has awesome technology because you believe the technobabble spewed by some idiot. Go ahead and believe what you want. Time has proven that VCSY is worthless, and only clueless pumpers still pump it.
VCSY is already dead. Any "technology" they may have had 20 years ago is obsolete. Their patents are pretty much all expired, and the ones that aren't are worthless. What exactly do they have that the lemmings are hanging onto? Are they wanting Wade's worthless stock too?
JedisPawn, tell me what technology you think VCSY has that has any value. What makes you think the stock has any value, just because a technobabbler says so?
I thought you said you weren't a pumper. VCSY has N-O-T-H-I-N-G of any value except 3/4 of Now Solutions' revenue. That's it. The patents are junk, and time has proven that. Ploinks is junk. All this "FPGA", "arbitrary", "8x8", "orange", nonsense is just that. We'll be lucky if this garbage ever trades again, and I'm betting it doesn't. I just want to figure out how to take the writeoff, because technically they're still a company with a non-trading stock I can't sell.
JedisPawn, you insinuated that there are criminal charges against Wade....show me where they are. It's a matter of public record if there are. There are none. Period.
"How can you assume no criminal charges have been filed against Wade when nothing like that has been made public? "
Jedispawn, you're pretty funny. You keep holding onto this fairy tale and believe and worship the technobabblers who have you buffaloed. You obviously know nothing about tech. I spent 35 years in the computer/tech industry as an engineer and I know fraud when I see it. You can believe whatever you want, I really don't care. But I'll keep posting the truth against the fraud you gobble up.
Why does the relisting depend on the lawsuits? My understanding is they had to get their financials up to date and audited. So why aren't they doing that? It seems it's more important to get the so-called "business" running than it is to slap Wade's hands. What good is Wade's stock when it's worthless? All that they really need to be working on is the Now Solutions revenue, which VCSY owns 3/4 of anyhow. Where does it go?
You mean there are people stupid enough to pour $10K more into this boondoggle? The 744 patent is long expired. None of the other patents are worth crap. Keep dreaming, you've been claiming something was going to happen soon for two decades now.
I guess I'm not understanding why it's so important to seize the MRC trust owned by Wade. Let's say they get it...all they get is 80M shares of worthless stock. There's 1.2 BILLION shares outstanding last I knew. So what's the big deal about the 80M except to keep it out of Wade's hands in the unlikely event that it ever trades again?
It's really difficult for me to call VCSY a "company". It's a scam. It's always been a scam.
Please explain why the fate of Now Solutions hinges on the Farias trial. I thought Farias owned 25% of Now Solutions. So what if that continues going forward? And you're right, Ploinks is a toy....a fake toy. Wade and Luiz never developed one thing worthwhile in decades. They BOUGHT Now Solutions.
I got tired of reading technobabble and jibberish long ago and I muted the subject. There is nothing "technological, scientific or intellectual" about any of those posts, just regurgitated technobabble. I'm an engineer and spent a 35 year career in the electronics/semiconductor/computer industry. How would you know if a technobabbler was a "smart man" if you're clueless about technology? Did you graduate from high school? Did you take physics? What do you think about the FO patent? Can't want to hear your answers. LOL
The pumpers claimed there were "non-disclosure agreements" 15 years ago too. That's just a claim to excuse the utter failures of this piece of garbage "company". There are no "dealings with other companies" and you can't prove there are. It's "hush-hush" because there's nothing going on except the trials. Why aren't they working on the supposed technology? Where's the products? If they can sell Empath, they can sell anything they want to. Why isn't that happening? BECAUSE THERE IS NOTHING HERE.
Yes I'll be very surprised "if things start happening weeks/months from now". But nothing will happen in weeks, probably not even months. The pumpers 15 years ago claimed "billions" were coming "soon". You sound just like one of them. I thought you were done here. LOL
Yeah it's easy to get a laugh out of me when you claim VCSY has all these powerful patents, great products, and is making "billions" that are "hidden" like the other idiots used to claim. There's nothing here. If it ever trades again, I'll be dumping this trash. You can buy my shares from me now if you want, before it "takes off". 3 cents a share and they're all yours. LOL!
Yeah sure, you say "that won't last forever" and you're assuming it will trade again some day soon. There is no indication that it will ever trade. The SEC has to approve re-listing which they may not do if there isn't significant shareholder value in the company. Where do you think the "millions" will come from? Luiz might get paid, but he's only looking out for himself. If you believe differently you're very gullible. He has never given a sheet about shareholders for two decades, and he was in cahoots with Wade until Wade got to him.
If there were criminal charges it would be a matter of public record. Are you really that clueless? See if you can find any criminal case against Wade. There aren't any.
After 15 years of watching this piece of garbage so-called "company" I can make whatever claims I want to Jedi. You are an admitted tech-illiterate so it's easy to be fooled by the technobabble of certain people. But it is technobabble and it's meaningless. The VCSY patents are garbage. That's been proven by "nuisance" settlements by MSFT and a couple other companies. It was cheaper to pay the patent troll than to fight in court, and VCSY accepted piddly settlements. They have nothing. Ploinks is junk, and nobody needs another communication app. Out of a dozen bogus "subsidiaries", Now Solutions is the only entity that ever brought in any revenue, and it's dropped by half since Wade bought it as his cash cow. This garbage will unlikely ever trade again, and if it does everyone will sell and it will crash even further into the hole than it was. I'll be sure to sell you my shares.
Why don't they lay out the plans for when the lawsuits are settled? Why can't they tell us about Now Solutions, revenue, and where the money goes? As I understand it they still have to file audited financials, pay the IRS, get the SEC to relist the stock, and who knows what else. This mess won't be over for a looooong time. Meanwhile, I think this board is getting a salary, no?
In other words, "just hang on a few more years and we'll see what we can do, if anything".
Yeah all the failures were part of the "master plan" all along. LOL! Unbelievable that anyone would believe such nonsense. The company has been losing money for decades. Last I remember shareholder deficit was something around $25M. Wade hasn't been charged with any crimes so unless he is, and convicted of them, he isn't going to prison. You and Kona need to learn a little about law. VCSY has nothing. They've been "hibernating" since the day Wade started up his cash cow.
There are no "millions".....the stock is currently worthless. How is the IRS going to get paid? Shareholders will get nothing out of this, because the company is a hollow nothing. By the time Luiz gets done with this, there will be nothing left. You praised Wade for years, now you praise Luiz as if he's some sort of savior. He was in on the scam, and he got burned by Wade. Luiz doesn't care about VCSY shareholders, he's in this for Luiz.
I turned off the meaningless 8x8, orange, arbitrary, blah, blah, technobabble long ago. Got tired of it on Yahoo and I'm not going to read it here.
There have been NO CRIMINAL CHARGES made against Wade so nothing is going to happen to him. Liuz, who was part of the scam for years, is getting something out of it but the rest of us are still screwed. Wade hasn't lost much.
Big deal....Luiz is getting some compensation. What about the rest of us?
More conspiracy theories eh Danny? VCSY will never "come to fruition" because there's nothing there. What products do they have? What patents haven't already expired?
I'm already retired, but if this dog ever started trading and hit $100 I'd retire the rest of my family. That would make it a $150B company. LOL!
LOL! "Shareholder's party". LOL!
If this pos ever trades again I'll buy you a drink.
Freddy Holder is still showing up on LinkedIn as CFO:
Chief Financial OfficerChief Financial Officer
Vertical Computer Systems, Inc. and NOW Solutions, Inc. · Full-timeVertical Computer Systems, Inc. and NOW Solutions, Inc. · Full-time Nov 2020 - Present · 2 yrs 3 mos Nov 2020 - Present · 2 yrs 3 mos Richardson, Texas
Now Solutions' website is still up, but I wonder if the company is still running. The website says "
© NOW Solutions, Inc. 2021
Developed by BravaDesign
Wouldn't you think someone there would have updated the website in 2 years? I looked up Marianne Malcolm on LinkedIn and she's still showing as being CEO of Now Solutions. Also found an article there that I've never seen:
"Richardson, TX, June 15, 2021 – NOW Solutions, Inc. announced today that it has signed an agreement with a new customer in the global forest products industry whereby the company purchased NOW Solutions’ emPath® HRMS software suite to be delivered as a Software-as-a-Service (SaaS) solution."
So maybe they're limping along. Where does the money go?
I don't even believe Now Solutions has any value, and I doubt they're even making money. Maybe they're paying the salary for a few employees, but it was never anything to get excited about. If it is bringing in any revenue, who's going to claim it? Seems like we have a group that's just moving in to take over for Wade and skim the money off.
Seems like I recall the plan was to spin off Ploinks and VCSY shareholders would get ploinks stock....that was just before delisting.
VCSY has nothing. I don't know that the new "management" has a clue what's going on. Wade hasn't been criminally charged with anything. It a civil suit to try to get something out of him. Ploinks is garbage. Empath is garbage. Our only hope is that somehow they get this stock re-listed and start hyping it, so we can sell our stock to the next sucker.
It's just to keep the hopium going. LOL
That's funny. After 10 years there's a total of 10 testers of ploinks. LMAO! Ploinks is garbage, and never will amount to anything but a toy app.
If it changes "soon" it won't have anything to do with VCSY or SBV. They're both nothing "companies" with zero process technology expertise. There are lots of individuals with lots of money working on memristors and some little po-dunk garage shop isn't going to develop anything in that arena. You sure are easily fooled by portuno.