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Not what I posted. I think FF holds a lot of shares they converted but did not sell.
I think FF still holds a lot of converted stock and sells only what it needs to on order to pay some bills.
I am assuming that FF initiated some employee cuts. Probably people that were non essential that Riss/Richards were holding on to out of loyalty.
Good morning, looks like there were a lot apples and oranges mixed together with some deceptive creative accounting and ancient history here on PVSP last night.
I don't think anyone lied in 2005. No one wants to fail in a business venture. The wrong guy was at the helm, plain and simple.
If revenue is even half that figure this stock will rock.
I guess they got lazy with easy money. The enterprise value of PVSP is a mere $7 million.
Same guy that said short squeeze to da moon????? Hypothetically, with the AS raised that is always a possibility. Realistically, it makes very little sense considering the 2012/2013 Form 4s and accumulation of stock by the insiders.
Now, how did I know you were Canadian???
Just got to the office, my friend will connect the dots. I misread my email, Lougee Karen lives in Vermont area of Montreal Canada.
No idea yet, but Jon Riss works at the Trinity church listed as the PVSP address in the last Q.
Fixed income????? I worked 86 hours last week; why would you be worried about my schedule or the fact that I have someone doing research for me. Does it bother you that I have someone digging?????
Louvre Karen- Sr Account Mgr
Vox, Burlington Vt
Apparently PVSP carries more weight than I thought. I was under the impression that Richards did it all which is certainly not the case.
Howard Marquardt-mgr Customer care and support, Vox Orlando
I'm sure there are more. PVSP probably has about a dozen full time employees bringing in 1mm year in sales. Does not make sense in any business.
Here are some names:this is where those overpayments to creditors are going. Really interested in Vox/Pittsburg.
1. Lauri Vertrees- Dir of operations Vox in NY area.
2 Ron Harden- ex vp Vox, Orkando
3 Rich Foltx- owner Vox Communications LLC in Pittsburg.
4 Terry Ottlinger- Project Mgr and design Vox
I believe Riss is on this board and realizes, probably for the first time, that certain people are scrutinizing his actions and the transparency of the PVSP financial filings or lack thereof.
Why did you do that? Please elaborate on your findings in PVSP and Enlighten us with your knowledge .
Someone took a loss in PVSP and bought into a new pump, then lost on his new pick buying at the high end of the pump. Just a frustrated wannabe trader following pump groups. We all have to learn by mistakes.
Try flipping PVSP for two tics and let us know how that works out for you. Your broker will love it.
Sorry , I bet I know more than most. Typing on an iPhone in a car.
I will say that regardless if my shirt to where
And what would that mean?? Do you have anything to say ?? That was a very intelligent post re PVSP. Some anything would be appreciated , current trading info, fundamentals, tech trading. Please give something to discuss.
I seriously doubt that you have been in long term in pennies , however, you may have been in a lot of them. You, whether a pawn or not were the big pumper here. Rather than downgrade the shareholders, you should actually be apologizing to the new PVSP shareholders that you convinced would be the beneficiaries of a squeeze. Your reputation in life is what you make it. GLTU
I am sorry you lost here and your next play. I thought you made a mistake taking a loss in PVSP and buying the promo play. I think you need to learn that the promos front load, your only chance is being high on their pyramid. Again
sorry for your continued losses. A buyin here at this zone is a winner. Live and learn.
Only a very foolish trader who did not read the financials would not know the AS would be raised.
You should strive to be a high caliber trader and not be concerned with what happens with PVSP. If your out your out!!!!!!!!!GL
All should read this S-1 registration filed which contains the Co's known risks in 2005. Very telling relative to many of the issues discussed here. Actually the best DD I have found.
http://www.sec.gov/Archives/edgar/data/90721/000091431706001259/0000914317-06-001259.txt
Only if there is some fire and something found to put his feet on that fire. I believe there are a few people researching. Very seldom that all things are kosher in a penny reporting stock.
Sorry, I meant Richards could take a 6k per month cut.
Yes, if they default. What is not known is whether FF must convert or not. I could be wrong but the way I read it, they do not have to convert and PVSP can not issue new CDs to others w/o FFs consent. So if they don't convert, PVSP must find another borrower to buy them out with FFs permission. As of now, I believe the super voting shares are merely collateral. Either way, this small company could be run easily w/o Riss. Richards could take a 8k per mo cut and hire a sharp assistant with telco/app marketing and public co business. experience. Riss's 15k is likely closer to 18-19k including taxes and other benefits which are not transparent in the financials.
This is a very good synopsis of naked shorting in the big indices. The same occurs in pinks but is probably 200 times less likely to be examined by Finra/SEC regulators since they are unable to regulate naked shorting and FTDs on the big boards. CDs exacerbate the problem via volume but also allow the naked shorts to cover. IMO, this can be seen in the PVSP chart.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEOpTqmLZB7A
No, although you do need a margin account to short you have only borrowed the stock against your account. When you cover the ( margin loan for borrowed shares) by purchasing open market shares the borrowed shares are taken out of escrow and returned to the brokers treasury; you now own the covered shares you purchased in the open market. Now, naked air shares are never borrowed and don't actually exist, this is illegal and many usually get caught.
I think the stock can recover and hold gains with some transparency in the filings, corporate updates relative to downloads and plans, officers reduction in salary demonstrating their own conviction towards profitability, updates on decreases in other expenses and a statement regarding no RS in 2013/14. If PVSP/Riss are unwilling to publicly approach these issues then the stock will remain in the 002-005 range and new investors will come in and flip for 20-100% profits with no intention of holding. This scenario is not good for long shareholders but will serve a diluting CEO very well. Small or large, a silent CEO/Co is not a good thing. I do think the CEO's azz has overloaded his mouth many times as they were probably not technically/financially ready and able to service deals that were made. No doubt, deals were announced to enhance financing such as the NetCapital/FF swing deal which ran the pps back to a penny and made Fanning and Asher a pretty penny. As a few others have stated, a CEO change with a respected achiever at the helm is the primary catapult to a shift in a corporation. I believe most here would Gladly welcome some dilution to pay for such a leader. I'm not sure what role Richards plays since the Co must hire IT consultants to do the programming, however, he must be given credit for the tech development. As such, I'm sure the Co would run,as is, without Riss. I also doubt that Riss is a full time employee probably having an accounting gig on the side. I am pro PVSP but I also see things for what is apparently before my eyes and well documented. IMO, the only way for shareholders to discharge Riss would be to prove he has violated regulations/laws or the PVSP corporate code of conduct. During my own review, there is only one area, which I have mentioned previously that bothers me, this is the consistent overpayment via issuance of stock to unnamed creditors.
Of course you pay capital gains unless it's in a deferred account (IRA).
Fact is, you will pay more gains since one does not need to cover or is able to cover for pennies on the dollar with their basis near zero. The big problem for most is when they do not cover before a zero value, the gains will be considered "short term" as one never actually owned the stock.
How about some pay cuts to help with the PVSP cash flow.
Seems he's been doing the same thing for fifteen years with PVSP.
If that's the case, we should get a PVSP corporate update re increase in paying downloads Monday. Anything else is pure conjecture.
Mad, Not at all, there are very good (great) swings in this stock. Riss knows as much about CDs or the Asher's of the world than anyone else. Get real, he has been diluting for 15 years and is probably on his second pre split now I am here as a result of the Co tech/app per a tech friend of mine. But this is not the issue here, is it???? I have my own job and my responsibilities to a Co I invest in to trade the stock are nil or than use and pay for the service, which I and some family and friends certainly do. If there are shareholders that are getting into a card or app distributorship with PVSP that is great, but I'm sure they are doing so to make money.
That is actually good, shows that the dilution stopped.
And how many years should any CEO be given to make a Co profitable or with PVSP , how many more years than 15 should it take for Riss. I agree, no deals, no revenues, no marketing and major dilution. Good grief man, what was your point other than an incompetent CEO has done nothing but dilute, make no deals and provide no revenue. He has, however, taken millions in an exorbitant salary and more with stock for doing nothing in a small Co.