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There's Sasquatch/Bigfoot lawsuit ongoing in Canada, a dude is suing British Columbia for hurting his credibility by refusing to acknowledge that Bigfoot exists and ought to be made a protected species right away...
http://loweringthebar.net/2018/08/air-of-reality.html
https://www.ctvnews.ca/mobile/canada/bigfoot-lawsuit-lacks-an-air-of-reality-b-c-lawyers-1.4053581
When will the mega-dilution start in earnest ?
In its filings, the company admits it has for at least 2.5 billion shares worth of convertible debt on its books, at the old June 30 stock price.
50 billion A/S big ?
What makes you think that financials will get filed, after all that time ?
It's not a crapshoot: it's a lost cause.
Bitzio itself is 80% owned and controlled by Flux Carbon Corporation.
Nobody does.
So you're NOT mailing your shares certificate ?
Pristine, MinerRich, Ancient Water
Mineral-rich, probably.
Nope. The $0.01 a share payoff is in 7 months, on March 18, 2019.
OTCMarkets did the right thing here.
OTCM merely waited that the stock has been delinquent for 2 years. Not impressed.
So have you obtained a certificate for your shares yet, or do you think the stock will climb to $0.01 way before the repurchase date anyhow ?
Don't forget, you have only 4 weeks to avail yourself to VTNL's Shares Repurchase Program, where VTNL will buy back your shares at $0.01 a share !!!!
Swingplane Ventures Inc (SWVI)
https://www.otcmarkets.com/stock/SWVI/overview
Tremendous sales growth from $968 to $2046 !
I see other companies are doing well.
Remember, it's never dilution. It's always accumulation and short sellers selling shares to drive the price down so they can cover.
Financials are too much trouble.
Most farmers don't lie to their shareholders, claiming they would sell $1.5 million of dog food in Q2, and then selling only $2000.
And farmers don't finance themselves with toxic convertible loans. The high price of these loans will be entirely footed by VTNL's hapless shareholders, lured into VTNL by the CEO's empty promises of buy-backs.
Most dont show any profit till 4th quarter the end of the year.
VTNL won't show any net profit, ever.
Total Shareholders’ Equity (Deficit) ($3,133,252)
Cash Flows from (used in) Operating Activities ($691,462)
Six months ended June 30, 2018
Sales $3,014
And you also laugh at the debt the company is piling up.
Huh ?
It's to the company's best interest to not give out big NEWS untill they get all the outsiders out of the way and the chance for hostile take over of the company.
The company has a duty to inform its shareholders of any material event. No ifs and buts about it.
For example, if a major order is cancelled.
"Own product line" ?
VTNL switch suppliers, that's all.
Despite endlessly touting their "Purchase Orders", they don't seem to have made a single shipment to a regular customer, a vet shop or dispensary, so far this year.
Their only sales are on-line sales, $3000 worth.
They were left with $19K (cost) of unsold inventory last Q, and this Q they now have $39K of unsold inventory.
My explanation is that they agreed to a minimum order of $20K per Q of stuff to keep their bulk discount from their supplier, and they haven't been able to unload it on-line.
So, they were an unsuccessful vet supply company, and now they are an unsuccessful pot supples companies. Clap, clap.
The Fail is strong in that one.
Investors’ confidence on the stock has received a boost on the company announcing sales projections that exceeded projections and reiterating plans to carry out share buybacks.
Yes, the last Sales Projections the CEO announced was $1.5 million in sales for Q2.
He was $1,498,000 short.
Share buy-backs are now impossible, both practically and legally. The company has no money at all to effect any buy-back, being deep in the red, and State laws forbid buy-back unless a company can show positive net worth.
FAIL.
Maybe EFLN, fake SEC letter would be a contender ?
I thought it was obvious. The company is an absolute disaster.
They are starting their death spiral; there were no significant conversions in the last 3 months, but Auctus has several promissory notes that have matured now.
The massive dump will probably be accompanied by a pump, with the full cooperation of the marroon CEO.
The financials ARE out.
https://www.otcmarkets.com/filing/html?id=12921082&guid=aAuEUFOezEdQgyh
VTNL borrowed $100,000 more from Auctus.
Issue Date: June 14, 2018
Principal Amount: US$100,000.00
Purchase Price: US$100,000.00
CONVERTIBLE PROMISSORY NOTE
FOR VALUE RECEIVED , VET ONLINE SUPPLY, INC. , a Florida corporation (hereinafter called the “Borrower”), hereby promises to pay to the order of AUCTUS FUND, LLC , a Delaware limited liability company, or registered assigns (the “Holder”) the sum of US$100,000.00 together with any interest as set forth herein, on March 14, 2019 (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the “Interest Rate”) per annum from the date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein with the written consent of the Holder which may be withheld for any reason or for no reason.
The news are: nothing the CEO announces ever pan out.
Yes, VTNL sales doubled to $2046.
They ought to file their 10-Q within 5 calendar days.
Unless they don't file on time, like they did recently.
Sales: $200,923
Cost of goods sold: $203,904
General and administrative expense: $152,503
Consulting expense: $797,763
Marketing, advertising and promotion costs: $1,192,156
Stock options expense: $1,888,936
...
Total expenses: 4,203,921
Loss from Operations: ($4,206,903)
Net loss and comprehensive loss: ($3,784,670)
California's legal pot market falls $100M short of revenue estimates
http://thehill.com/policy/finance/402070-californias-legal-pot-market-100-million-below-revenue-estimates
Thanks, Doc, I couldn't find the PR anymore on GlobeNewsWire nor on OTCMarkets.
As I posted on VTNL, all the CEO's upbeat mid-May "projections" were bunk. And he made those projections halfway thru Q2, so he has absolutely no excuse for his $1,498,000 shortcoming.
Here's my post: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142947238
Vet Online Supply $9M 2018 Projections
https://vetonlinesupplies.com/vet-online-supply-9m-2018-projections/
KELSEYVILLE, CA., May 15, 2018 (GLOBE NEWSWIRE) -- Vet Online Supply, Inc. (OTC PINK:VTNL) (the Company), announces today that the company has filed its financial statements for the first quarter ending March 31, 2018.
Daniel Rushford, CEO and Chairman, stated “The Company has secured over $9M in purchase orders for 2018, with expected projected revenue of $1.5M for Q2 of 2018. We manufacture holistic certified CBD pet products that include treats, liquid drops, and concentrated oral sprays. With our first wholesale distribution contract and continued growing online retail sales, we expect to focus on paying down our debt while implementing anti-dilution programs, inclusive of the repurchase of shares and a severe reduction of the authorized/issued-outstanding shares.”
Mr. Rutherford further stated, “Vet Online Supply continues to grow, and we are in a transitional period whereas we are complying with debt reserves for our note holders and preparing to reduce the authorized shares as well as the issued and outstanding shares. We anticipate reducing our notes in Q2 while at the same time repurchasing shares by utilizing our own revenue resources.”
https://vetonlinesupplies.com/vet-online-supply-9m-2018-projections/
------------------
Sorry Rushford (or is it Rutherford ?), not with $2000 of revenues, you won't.
Rushford made those "projections" and bold statements in mid-May. He was telling his customers that he would sell for $1.5M of dog food in the next 6 weeks, since half of the Q was already over.
And then he waited 1 month after the end of the Q before warning his hapless shareholders that um, there were some problems because of reasons.
That's not mere crass incompetence. That's deliberate deception.
These are VTNL's results. $2,046 of dog food sold in 3 months.
All on-line sales. No Purchase Order was shipped.
VTNL is a sham. They borrowed another $229,500.
Remember the PR where the company told its shareholders it was making so much money it would buy back its own shares ? Sham.
Remember the PR where Rushford proudly announced VTNL would make $1.5 millions in sales in Q2 ?
Well, it has been deleted.
VTNL talks big and delivers nothing.
How can you hope to sell pot dog food in the midst of forest fires ?
That's why he's working hard to open the export markets in Europe.