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Annual meeting is Tuesday, July 13, 2020 in Lincoln!
Anyone going?
I'll bet 10,000 worthless shares of VSPC on no news.
Any takers?
They are in the 10-K. Salaries, share ownership, etc.
Wow.
Midwest buys remaining 49% in 1505 Capital. Now owns 100%
https://ih.advfn.com/stock-market/USOTC/midwest-qb-MDWT/stock-news/82681750/current-report-filing-8-k
You're correct...you're wrong.
According to the most recent 10-Q filed by NIOCORP and signed by MARK SMITH, CHAIRMAN & CEO...
https://www.sec.gov/Archives/edgar/data/1512228/000121390020011628/f10q0320_niocorpdevelop.htm
Assets: Mineral Interests: $10,706,000
(add some minor assets such as cash, prepaid expenses and deposits which add up to about 100k roughly)
I will explain one more time:
Mark loaned money to NIOCORP which NIOCORP secured by assets of NIOCORP. That means if NIOCORP defaults on the loan, Mark Smith takes possession of assets of NIOCORP before shareholders and other debtors, since secured debt is always first to be settled in the event of default & bankruptcy.
Don't forget...his loans also accrue interest at 10% per year. Add on the 2.5% establishment fee also. So figure 5 years of interest...holy smokes! That's a lot of money NIOCORP owes him. So, the money Mark loaned is NOT at risk.
The feasibility study is not an asset. It's just a thick book sitting on the shelf. Sorry to break it to you.
Again..I'm not saying it WILL happen. I'm just saying what WILL happen IF NIOCORP defaults on the "Smith Loan".
((EDITED))
Do or do not...there is no try.
Good thing I took a sizeable short position monday. Looks like that will pay off handsomely.
I may start to shrink my 1,000,000 share long position too. Losing confidence in Mark.
New states where American Life insurance products can be sold!
-Louisiana
-Ohio
-Montana
-Washington, DC
https://www.linkedin.com/company/americanlife/
Q & A from two months ago with CEOs of American Life, Midwest Holdings Insurance subsidiary.
https://www.blueprintincome.com/resources/inside-blueprint-income/qa-with-american-life-ceos/
I am out of the loop! Forgot that VSPC business is TOP SECRET. They probably have a waiver from the SEC because GKG, hand lotion & the POT are national security secrets.
Apparently their finances are TOP SECRET as well. Last 10-Q was filed ONE YEAR AGO TODAY (June 10, 2020)!!!!
What a bunch of crooks!
CELEBRATE THE INCOMPETENCE OF THE DOCTORS!!
Two days to go until the big celebration of the incompetent buffoons one year anniversary of no filings and no fake news!
These nitwits sure pulled the wool over the sheeple's eyes. One year...that's 365 days. Long time not filing. Wonder how much longer until the SEC shuts this down and puts Carl, Kevin & Haris where they belong?
How long can a turd swirl in a flushing toilet?
Air permit received.
8 days until the 1 year anniversary of VSPC's last SEC filing of quarterly/annual reports.
6/10/2019 was a 10-Q.
What are we doing to celebrate their incompetence & fleecing of the sheeple?!?
I'm pretty sure that management ruined any chance of of these "businesses" from the get go. Only to line their own pockets and fleece the sheeple who thought this would actually work.
Just because they have "Dr." in front of their names, doesn't mean they are honest.
Do you buy at the ask?
You nailed it.
They aren't doing anything. Emphasis on "They aren't doing anything."
They haven't done anything except fleece the sheeple for 15 years.
$55 million dollars is easy to live on in a shareholder bought vacation home in Nicaragua.
Company annual meeting announced!
July 14, 2020 in Lincoln.
Read the proxy materials to learn more about what is being voted on.
https://www.sec.gov/Archives/edgar/data/355379/000155837020006854/tmb-20200519xprer14a.htm
These guys are apparently just sitting around waiting for the fake companies with the fake MOU's to send the fake past-due royalties.
They've been waiting for a year!! This is too funny.
10-Q Issued!
Summary:
Total Assets $264,028,177 as of March 31, 2020
$219,915,886 as of Dec. 31, 2019
Cash & Equiv $25,506,856 as of March 31, 2020
$43,716,205 as of Dec. 31, 2019
Basic earnings per share in the first quarter of fiscal 2020 were $0.021 which included the aforementioned gain of $23.2 million. Basic loss per share in the first quarter of fiscal 2020 without the aforementioned gain was ($0.002).
Sales of MYGA & FIA products still very strong.
https://www.sec.gov/Archives/edgar/data/355379/000155837020006589/mdwt-20200331x10q.htm
Now *THAT* is funny!
From the Preliminary Proxy Statement:
"The Board believes that the Reverse Stock Split will enhance the Company’s potential ability to obtain an initial listing on a national securities exchange and thereby avoid classification of its common stock as penny stock under the SEC’s rules. The NASDAQ Capital Market, for example, requires an initial bid price of at least $4.00 per share and, following initial listing, maintenance of a continued price of at least $1.00 per share.
I'll take OUT OF THE LOOP AGAIN for $1000, Alex.
No.
No financials for almost 11 months, no proof of anyone benefiting other than crooked "management".
They cant even afford to post their financials, how can they afford to make new products?
Lies, lies, lies. Fake news as usual.
CARL?!?!?! CARL?!?!?!
I wonder how long until the OTCMarkets replace the stop sign with the Caveat Emptor sign?
I dont know how long the SEC will let them stay out of compliance, but I cant imagine too much longer. Its damn near been a year since their last Q filing.
Executive Chairman insider share purchase.
Rendevous Capital LLC (owned by Chairman Mike Minnich & his spouse) purchased 11,111,112 shares on April 24, 2020.
https://www.sec.gov/Archives/edgar/data/355379/000181068820000001/xslF345X02/primary_doc.xml
But the shareprice wouldnt read negative.
It would be something like .00000000000000000000001
I was responding to someone elses claim of a stock dropping 300% which is impossible.
I do have a lot of shares of niocorp. Probably more than anybody on this board.
Cost per share: NOYB
Dont count your chickens before they hatch.
How can any stock fall 300%?
Insider buy - 4/28/2020
Sachin Goel - Director
2,222,223 share purchase.
https://www.sec.gov/Archives/edgar/data/355379/000178276520000002/xslF345X03/primary_doc.xml
New April 2020 Company powerpoint
https://www.sec.gov/Archives/edgar/data/355379/000155837020004382/mdwt-20200427xex99d1.htm
My grandmother always told me:
"Never count your chickens before they hatch."
Details of new 8-K filed 4/24/2020
Midwest Holding sold 222,222,222 shares to Crestline Assurance Holdings, LLC at a price of .045 per share, for $10,000,000.
Midwest Holding sold 115,044,467 shares to various investors for .045 per share, for $5,177,000.
As part of the agreement, Midwest agrees to various corporate changes, including the follwing:
"Consistent with its planned corporate structure going forward, the Company will seek stockholder approval to (i) reincorporate in Delaware, (ii) amend its articles of incorporation to have authorized capital stock of 20,000,000 shares of common stock, 2,000,000 million shares of non-voting common stock and 2,000,000 shares of preferred stock, and (iii) effect a reverse split of the Company’s common stock at the ratio of 500 existing shares for one share of new common stock, and (iv) classify, or “stagger” its Board of Directors into three classes. The Company intends to bring these proposals to a vote of its stockholders at its next annual meeting, and the Parties have agreed to vote their shares in favor of these restructuring proposals."
Other corporate changes can be found here:
https://www.sec.gov/Archives/edgar/data/355379/000155837020004305/mdwt-20200424x8k.htm
Things are certainly changing, and with a reverse split of 1 for 500, would put the share price at $35 per share based on today's share price of .07 per share. This would be above any requirement for listing on NYSE or NASDAQ.
I am not concerned about the reverse split. This can only benefit the company.
It certainly has been taken to the garbage heap. In fact it joined the garbage heap the day it started trading!
Garbage management, garbage "product", garbage news releases, garbage board of directors.
I hope Carl, Kevin, Harris and whoever else hug some trees today. That will be the most they have done to "save the planet" since 2005!
With so many shares still available to issue, will VSPC "buy" Viaspace California?
Seems like the MO for these folks. Create fake companies and "buy" them to give themselves free shares to sell.
Sounds like something they would do.
Yeah also google Jeff Laberge.
https://www.ecclestonlaw.com/eccleston-law-blog/sec-charges-san-diego-investment-adviser-for-overstating-the-value-of-funds--
Not trustworthy at all - but fits right in with the rest of the VSPC gang!
You are definitely not "Out of the loop!"
As for cosmetics, who knows? Maybe management decided they want to be female!
You're out of the loop!
I think its a scam. The evidence says it.
Carl wanted easy money without having to work.
Now, someone else learned the ropes.
Rinse, Wash, Repeat.
Leopards never lose their spots, you're absolutely right.