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Please clarify what do you think we should do. I am certainly going to cooperate with any positive suggestions.
Could be. Who knows!
You know what will happen if this keeps up.
True, Jimmy, it could. I am not discounting that possibility- but the gaps in communication convey to me, whatever the reason, a distinct lack of emotional intelligence. By that I mean, anyone who runs a company should have enough empathy to sense the rightful need of his investors to be kept informed. And also to be updated when things go as planned. That requires a special kind of understanding of other human beings, one that seems sadly lacking in this company.
So I will need more than some flash of positive economic movement to recapture my faith in management. I will need a change of heart- a growth, if you like, in emotional intelligence.
DOW IS -2250- I guess the Market didn't like the Fed's most recent bag of tricks. Wonder if the Market is going to close for the day.
Futures for the indices, including the Dow, were frozen last night because they dropped to far.
Three minutes to Market opening. Good news from, VMSI, Jimmy- but still just words with well-constructed promising phrases. As the ancient Greeks said-
THE WORD IS THE SHADOW OF THE DEED
Futures for the indices, including the Dow, were frozen last night because they dropped to far.
Three minutes to Market opening. Good news from, VMSI, Jimmy- but still just words with well-constructed promising phrases. As the ancient Greeks said-
THE WORD IS THE SHADOW OF THE DEED
Makes sense.
Just proves you’re a lot smarter than me. I just woke up very recently.
It’s getting harder to be optimistic isn’t it?
That’s what happens when you deal with people who don’t value their own integrity.
Agreed. Please reach out to them and find out what’s going on. And let us all know those we’re all interested. And all of us appreciate your concerns since your concerns are our concerns.
Just a reminder about the former post:
ROBINJOY Monday, 03/02/20 10:53:23 AM
Re: Jimmy99er post# 37431 0
Post #
37443
of 37591
Again should the compoany NOIT respond by 3/15 I for one will be advancing a shareholder suit ,let's wait till then ..hopefully mgmt will be responsive
You suggested a lawsuit by the 15th if the audit wasn't finished or if were uplisted. I asked if you would explain how the last "medical excuse" tweet affected your deadline. I also have suggested strongly that if such a thing is encompass a real effort to actually create an incentive for management to change their pattern of non-transparency and non-responsiveness, it needs to be done COLLECTIVELY, providing sufficient clarity of what we expect and sufficient numbers to get their attention.
Of course, if what you said was not serious- then, we can continue with the long and unfulfilling tweet or press release headlined with the now infamous word, SOOOOOOOOON!!!!!!!!!!
Dow, Dow Jones, Dow Futures
Bond yields have collapsed. Oil prices have crashed. Central banks are clueless. Coronavirus fears continue to grow. It's been that kind of day. | Source: REUTERS/Brendan McDermid
U.S. stock market trading was temporarily halted after a 7% fall triggered a “circuit breaker.”
If the brutal selling in the Dow and broader market continues, trading may be briefly halted again after a 13% drop.
If the market falls 20%, all trading will be closed for the rest of the day.
Trading on the U.S. stock market was halted on Monday as the Dow Jones Industrial Average (DJIA) plunged 7% or 1,884 points following the opening bell. The stock market looks set for a disastrous session now that the first “circuit breaker” has been triggered.
Circuit breakers also kicked in overnight to stem the bleeding in the futures market as coronavirus panic continues to grip Wall Street.
There is always an excuse, PH.Always. Looking back at it, as you do regularly, it does not add up well. Continual soon-words, lack of transparency, lack of follow-through. Lack of responsiveness to legitimate queries by shareholders.
We need to take action but in the right way. ROBINJOY needs to talk to us. RJ gave a March 15th deadline. But now we have a "medical excuse" which might theoretically give an excuse to delay the audit and uplisting further. If RJ has a plan, it needs to be clarified- and, if we are to be involved in that plan (or another) we need it to be formulated and to be in agreement. Maybe not all the shareholders- but certainly a bunch of us. Together, we have millions of shares. Even if we don't have enough voting power, that has nothing to do with our ability to make complains or take further legal action.
Guerrero and the entire Board of Directors, including Wade has a responsibility to shareholders. If they do not take any action to protect our interest- and misguide us, misrepresent what they're doing, lack realistic transparency, etc.- then they do not deserve compensation.
To take legal action or to file complaints is fine with me. But it needs to be done the right way- COLLECTIVELY- with suitable organization and responsible shareholder communication to each other- before we act.
This is what ROBINJOY suggested- but never responded to me in any way recently- or clarified RobinJoy's gals vis-a-vis the rest of us.
I just spoke to a lawyer about the viability of a lawsuit that I discussed before and another interesting action that can be taken to protect our interest. I am at the gym now And I will contact you later bye
I understand the absence of rules relative to other OTC stocks. But I rather doubt that this protects a pink sheetfrom a lawsuit based on misrepresentations or fraudulent assertions that led to investments in stock in their company. I am not here making any kind of assertion of that specific claim- but I am point out my disbelief that being a pink sheet makes one invulnerable to legal action.
As I have said many time- and maybe RobinJoy believes me now (maybe not)- we need to put pressure on VMSI COLLECTIVELY in a more sophisticated way. That means creating a real agenda for meaningful shareholder response legally and efficiently. That means signed notification of our grounds for disapproval of the many elements we have already itemized and the complaints and notifications of legal action we will collectively take if the lack of transparency, dishonesty and false deadlines are not acknowledged, apologized for and corrected with a rather complete explanation of where we are now.... including what happened to the freaking audit timetable? is there still any work on the APP going on with the A1 and Ad Tech Technologies?
Sending tweets and emails and phone calls individually to me- in general- seems like a gnat buzzing around the ears of an elephant. A more sophisticated approach makes us more likely to have an influence. Who's afraid of one or two gnats or even a bunch of them if you're a big old elephant? But maybe if the noise around the ears is massive enough- maybe the elephant may think he's not really an elephant after all - maybe just a helpless little skunk or possum - with a lot of pretenses of invulnerability.
I WOULD LIKE ROBINJOY'S COMMENT ON MY RECENT POST, WHICH WAS:
I note how RobinJoy alleged that there would be a shareholder lawsuit if there wasn't an audit or an uplisting by March 15th.
But this little (VMSI) tweet seems to obviate that deadline by giving a "medical excuse" that delayed the audit. Is someone monitoring this board?
Given my current attack of paranoia, it almost seems like this is "kicking the can" down the road- maybe to delay the need for worrying about that ugly little lawsuit deadline.
I note how RobinJoy alleged that there would be a shareholder lawsuit if there wasn't an audit or an uplisting by March 15th.
But this little tweet seems to obviate that deadline by giving a "medical excuse" that delayed the audit. Is someone monitoring this board?
Given my current attack of paranoia, it almost seems like this is "kicking the can" down the road- maybe to delay the need for worrying about that ugly little lawsuit deadline.
When I look back at all the delays, unfinished promises and total lack of transparency, it begins to look like fraud. I don’t know that for sure- but isn’t a company supposed to avoid that appearance in every possible way?
What a crock!!!
Contemplating this last Tweet, it compels me to remember when I trusted the integrity and direction of this company, despite the problems. Something like this would give me hope- another day, another dollar, somewhat delayed.
But now, I notice the nuances. Like, "$VMSI plans to share more soon regarding progress & future plans once the audit is completed, which the company fully expects to be accomplished." To be clear, the
frequently utilized word, "SOON," states that progress and future plans will come when the audit is completed. But then, oddly, it says that the company "fully expects" it "to be accomplished-" without any magic, "soon" tacked onto the end of the phrase. It almost seems that the company expects but DOES NOT KNOW if the audit will ever be accomplished.
Such is the paranoid thinking generated by a company THAT WAITS AND WAITS AND WAIT TO GIVE US AN UPDATE when the auditor was supposed to call NEXT WEEK! So, I don't know if this is an honest tweet, but it is essentially a message delivered WAY TOO LATE, delivering the same "kicking the can down the road" feeling THAT YOU GET WHEN SOMEONE GIVES SOME KIND OF VACUOUS EXCUSE when NOTHING IS REALLY BEING DONE.
WHAT DOES ROBINJOY THINK OF THIS?
Vita Mobile Systems
@VitaMobileSys
·
1h
Received an email from our auditor apologizing for gaps in their communication due to addressing unforeseen “serious medical issues”. $VMSI plans to share more soon regarding progress & future plans once the audit is completed, which the company fully expects to be accomplished.
As you know, in the past, they did respond to mine- but not really to the points I made about specifically addressing our issues and posting on a regular basis. I have seen what might be some positive reactions to my phone messages.,, resulting, I believe, in some messages to us
But none of that is enough. Like you and others, I have heavily invested in this company and continue to be disappointed.
The messages about the timing of the audit continue to lack appropriate follow-through.
No PR or Tweets?
Great. We all need to chime in and find out what's going on.
I just called Vita and told them that they need to be responsible and tweet us about the outcome of the phone call. That I realized they said they would notify when the audit was done- but we needed more information about its status now. And that if they wanted to be great as CEO and CFO they should have respect for the shareholders like myself who have invested thousands of dollars to make things work for them. I told Sean and Wade that they needed to put the shoe on the other foot... would they really like to be treated this way if they were shareholders?
I am hoping this turns the tide. But I have been trying to encourage this to happen for I guess well over a year. Still, like a lot of you, I haven't lost hope entirely.
I encourage everyone to let them know... speak out, tweet out....express yourself as proud owners of gigantic amounts of VMSI stock.
Great! Thanks.
I certainly hope so.
So this means that they haven’t even applied for the registration because the audit hasn’t been completed. So the 30 days we need before the application at .01 or over hasn’t happened yet nor has the periods of time after the application till acceptance at .01 or more started either. So, in a sense, the value of our investment is intact, though delayed for other reasons. Reasons we should have known before!0
I have no way of knowing for sure why the tweets were made then but I definitely called Sean lbefore and after the close explaining the tremendous difficulties of the closing of the day under .01 for the shareholder and our lack of info about the audit and the application.
Sean has definitely responded to me before. So who knows? But the absence of real information has caused many of us to go on an illusionary merry-go-round of thinking that keeping the stock above .01 was somehow relevant.
I believe that the situation was prompted intentionally by one or more entities, probably related, who knew our situation and wanted to cause an advantageous trading situation for themselves to acquire more stock and also to hurt the value of the stock at least on a short-term basis. In other words to humiliate management and cast aspersions against them.
The only reason that that could happen is because management has failed to be transparent in any reasonable way and did not care to keep the shareholders in the relevant loop. So management’s lack of transparency gave the manipulators the opportunity to play that game - against us!!
And then again the shareholders refused to act collectively to demand the treatment they deserve. So just like when voters complain about elected officials who were elected without their involvement or actual participation in the electoral process, I blame the shareholders for not taking an effective position collectively and demanding the transparency that are owed to them.
I believe it is the bid at the day that counts.
So, as I understand it, if the audit was completed and the registration request was uploaded after 30 days of staying at .01 or above, it now has to remain above .01 until VMSI is actually uplisted. Ao the likelihood of disrupting the uplisting now of falling beneath .01 will disrupt the uplisting and push the whole uplisting to a halt. But the fact is, we don't where we stand at all- except we may not stand anywhere if the stock closes at sub-penny. Am I correct?
Comments?
Anyone care to speculate about today's activity?
I agree.
Forgetting everything else, I would think the day before Thanksgiving and the day after - would be the worst days for press releases.
And, yes, all those questions should have been answered, long time passing.
I believe we have seen this before. These officers were part of GMUI- Gold Mining USA.
Sadly, you could be right.