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.
Yes I think the lawsuits are all about others saving their asses, not about VCSY's technology. I'm not sure why anyone volunteered to come in and try to "save" the company, maybe they're tech-illiterate too.
Now Solutions was an $8M business when Wade bought it as his "cash cow". It was $4M at the time of delisting. Their technology is old and outdated....a decade ago. I wonder if Now really exists anymore.
If you think that's "pertinent information from the tech industry" you must be tech illiterate. I've read that technobabble for years and I have it on mute now. Just meaningless drivel.
JediPawn, I heard the same crap for years....just wait....VCSY is ahead of the world....technology has to catch up with VCSY...yada, yada. They have nothing. Their patents are garbage, Empath is old junk, and Ploinks is trash. I doubt anything significant has happened since delisting. I own way too many shares of they garbage, and can't do anything with it. And you wonder why I show "displeasure"? No, I'm damn pissed about it. Portuno is as much of a fraud as Wade.
Ploinks has been dead since day one. It was stillborn. Nobody wants it, just as I said back then.
Wade has not been "convicted" of anything despite your claims. I don't even believe there are any pending charges against him. This is a CIVIL case. So stop the nonsense. Yes, I have said all along that Wade is a scammer, but I'm not aware of any criminal charges.
Especially since memristors still can't be produced and there is no viable product using them.
He said that disruption was coming 15 years ago. And he'll still be saying it 15 years from now. There is no "disruption" at least not by VCSY or SBV or any other tiny worthless company.
They can't even make an memristor, 15 years after HP supposedly demonstrated one.
You really should do some googling about memristors and understand them and their applications. "a memristor" is a device, like a memory cell. One memory cell can't make a hard drive. We already have SSDs using proven NAND Flash memory technology. Some experts still claim memristors don't exist. This is from 2020
"Do Memristors Exist Yet?
This is a difficult question to ask, and you will get different answers depending on whom you ask whether memristors exist or not. Devices that behave like memristors do exist, but these are active components. This means that they incorporate an amplifier (i.e. a transistor), to exhibit their property, while a true memristor would be a passive device (i.e. require no external power to operate). Thus, whenever reports come out of practical memristors being used, it is more than likely an active memristor or a passive memristor which exhibits limitations. "
Hewlett-Packard invesnted the Memristor over a decade ago. Nothing has ever come of it except hype and it hasn't been successfully commercialized in anything, even by HP. And we know who's good at hype.
Nobody has failed yet? I invested in VCSY over 15 years ago. It's delisted now, and probably will never trade again. They have nothing. I guess that's not a failure to some "fools". How's the roofing business?
Time already told us who the "fool" is. VCSY is delisted.
Tell us how you made that "leap".
I've been wondering the same thing. How does anything SBV develops (if anything) impact VCSY shareholders? As far as I can tell SBV survives on grants and has no products in years. Portuno learned well.
Funny that Portuno hypes FPGAs now, nearly 40 years after their development, as if they're some new magical devices. We used FPGAs in the 1990s. It's about time he discovered them. LOL!
IMO SBV will likely turn out to be as big of a scam as VCSY. Portuno learned well from Wade. Remember when he praised every move Wade made, and even called him a "genius"? I do.
Portuno is, and always has been a scammer. NOTHING in what you posted says anything about VCSY patents, which are garbage and worthless. They've settled two "infringement" lawsuits in which they just got "nuisance" payments for them to get them to shut up. Many of their patents have expired. He hypes FPGAs as if they're something new. I worked with FPGAs as an engineer in the 90's. They were around long before that and Altera, XLNX, and a few others made them. Altera was bought by Intel, and XLNX was bought by AMD just about a year ago. XLNX was the largest FPGA supplier. Portuno has a way to bs people who are clueless about technology.
Portuno is, and always has been a scammer and a fraud. I'm betting he's doing the same thing now as Wade did to VCSY. He learned well. VCSY isn't ahead of anything. Anyone who looks closely at the patents and VCSY's history can see that there's nothing here.
The company has no "technology" worth anything. If it did, other companies would be buying it or licensing it. Not one company has ever mentioned VCSY. Prove me wrong.
I don't even understand the whole lawsuit and investors dumping more money into this garbage company. So they win a case against Wade....so what? The company still has nothing and his shares are worthless. Where do you think the company is going? There's nothing about "the future" with respect to VCSY except maybe formally filing bankruptcy.
I agree with you that it will most likely never trade again. The patents are worthless. There is no money. The only thing making revenue is Now Solutions and it dwindled from $8M when Wade bought it as his cash cow, to $4M at the time of delisting. Who knows what it brings in today.....probably less. Nobody needs Now Solutions' products and I'm sure there's a lot better solutions than 20 year old Empath. I don't know why the lawsuit against Wade is preventing them from continuing the business. I just want closure on this junk stock.
Do you even know what any of that technobabble means? Sounds like something from Portuno or the other guy who posted incoherent technobabble posts on Yahoo.
The pumpers of this stock have been saying the "puzzle pieces are coming together" for two decades. There is no puzzle and VCSY has no puzzle pieces. I'm an engineer and I worked for 35 years in the computer and semiconductor industries. That's how I knew the patents were garbage and that portuno was a scammer and a fraud. He was claiming that "billions" were coming from MSFT when they settled the lawsuit, and they got a paltry $3M. I told him the settlement would be small and when it was he accused me of being an insider. Nope, I'm just smarter than he is. LOL!
So you bought this at 0.4 cents per share? I don't think I ever saw it trade there since I've owned it. My average is more like 1.5-2 cents, I think.
I doubt Wade is ever charged with anything. If they had anything on him why hasn't the SEC or the IRS already filed charges? Years go by.
This board is social media. If you're looking for tech information here, you're looking in the wrong place. It's unlikely that there is any value in VCSY, and if there is I'd like someone to tell me what it is. Now Solutions is the only one of the dozen phony "subsidiaries" that ever made any money. The others were just conduits for Wade's buddies to suck money out of the company at the expense of shareholders. I'm skeptical that we'll ever see this stock trade again, but I can't sell until it does.
To help you a little, nobody on this board or any board I've ever read is "technologically advanced". They're mostly individual investors hoping to strike it rich based on the pretending of a few posters. I saw through this scam long ago, but by then I had bought shares, unfortunately. I argued that the patents were bogus, but didn't expect delisting. I also said I thought Wade was a crook sucking the money out of VCSY, and got blasted for it many times. Time has proven I was right. Portuno was wrong.
We know Portuno has been wrong for years now, and he's not one to worship. Ploinks is just another one of VCSY's dismal failures, as you can see by nobody using it. Nobody needs it, nobody wants it. Nothing will happen December 30, just like nothing happened November 30. Even if Wade loses the case, which he probably will, how does that affect VCSY going forward? They still have nothing of value. I think Portuno learned a lot from Wade, and SBV is Wade 2.0.
SBV is just another scam "company" like VCSY. It's funny to read some of you guys still hyping the "technology" that will never amount to anything. I hope I get a chance to sell my shares to some other sucker soon.
Wow, seriously? How long have you followed this poor excuse of a "company"? You still believe you're going to get rich off of a couple of bogus patents?
The patents are garbage, imo. Most of them are expired or expiring soon. This clown show has gone on for over two decades. I think I first started reading about VCSY in around 2008??
I think you're right, and your post is pretty funny.
Wade hasn't been "convicted" of anything because there are no criminal charges. He'll likely lose the civil suit and have to pay. Nobody was/is going after vcsy patents because they're worthless, as you can tell by two decades of trying to scam companies in patent infringement lawsuits. The FO patent was total garbage, and so are all of the other patents. Nobody tried to bankrupt VCSY, except Wade.
It's unlikely you'll see any criminal indictments of Wade. You've been saying you were going to start a "class action" against mirror for over a decade and a half and nothing has transpired. These are all civil proceedings, and if there was any criminal activity he would have been charged by now. Spending company money in strip bars isn't a criminal act as far as I know. I seriously doubt any of this will recover anything for shareholders, and I doubt the stock ever trades again. I'm just waiting til the sorry end of this mess.
Yeah I remember how Portuno and the gang praised Wade and protected him from any criticism. They said he was a "genius". Now we see that neither Wade nor his supporters were very smart.
There is no criminal case against Wade that I've seen. These lawsuits are all civil matters, with no criminal charges like you claim, so Wade won't be handcuffed and thrown in jail like you keep claiming will happen.
All well and good, except VCSY hasn't filed bankruptcy. It's just delisted and the stock is still outstanding. Shareholders still have ownership in the company. Even if you write it off, and prove to the IRS that it's not trading, you still own the stock if you can't sell it. Then what if it starts trading again? I asked this question earlier. I would assume you would still own it, and if you ever sold it your cost basis would be zero since you wrote it off earlier.
if Wade still has 80M shares he will likely have to forfeit them but they're worthless anyhow, so you can't pay the IRS with worthless shares. None of this is a criminal proceeding so there will be no jail time, unless someone actually files criminal charges, so stop with the nonsense. The deals Wade made are legal because he was the CEO at the time he made them. You have been screaming "class action" for years but there is no action. I don't know why there's such a focus on suing Wade, and not on getting the company's business going again.....if there is anything.
It's my understanding, after doing some research on the matter, that you can't take a tax writeoff on VCSY because the stock still has value and you need to sell it in order to write off the loss. How can you sell it when it's not trading? Your brokerage probably won't give you a net zero sale on it, but maybe they will. I could use the tax writeoff this year so I hope they get this shid trading again or someone offers to buy my shares.