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why has the price gone down so much then? Oh, wait, I understand ... on Level 2, we got .0073 on the bid now. You can't afford to sell your shares...
NYS Department of State
Division of Corporations
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The information contained in this database is current through September 14, 2015.
Selected Entity Name:
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Current Entity Name: VGTEL, INC.
DOS ID #: 2727206
Initial DOS Filing Date: FEBRUARY 05, 2002
County: KINGS
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
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VGTEL, INC.
400 RELLA BLVD
STE 174
MONTEBELLO, NEW YORK, 10901
Chief Executive Officer
PETER SHAFRAN
400 RELLA BLVD
STE 174
MONTEBELLO, NEW YORK, 10901
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VGTEL, INC.
400 RELLA BLVD
STE 174
MONTEBELLO, NEW YORK, 10901
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NONE
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# of Shares Type of Stock $ Value per Share
10000000 Par Value .001
2000000000 Par Value .0001
*Stock information is applicable to domestic business corporations.
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Filing Date Name Type Entity Name
JAN 31, 2006 Actual VGTEL, INC.
FEB 05, 2002 Actual TRIBEKA TEK, INC.
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Party's Over ... SLO - MO ... TIMMMBER !!!
PL, if DSCR actually paid for this last sophmoric, badly bungled promotion, then DSCR is about the worst company I could have ever invested in. But I've been known to do bone headed things before. ...lol... It was worse than Jr. High stuff, to pull a pump like this on no volume...
However, if true, this would top the cake as I too, am "loaded up to the gills" in DSCR shares. Psst, I'll tell you a secret, some people have more than me, here.
I feel the pain.
Little late, but here's the official words:
(Scottrade).
No, I'm still with you and everyone else here. I still have bet. 40 & 50 Mill. shares. So if this goes to $.03 I'll be a millionaire way before then. I think that's everyone's dream here ... it's mine too. I'm not selling. But I am adding elsewhere. It's only wise.
The SS & audit do trouble me. Esp. in that they had a 5 into 1 R/S (some one very recently posted), in 2008 or 2006. I cannot find that posting now. Deleted? I'll keep trying. I cannot even verify if that was accurate. There was no link to the info. Someone help me, is there any way of finding out if this was true or not? There has to be a US Gov. filing somewhere.
Contrary to what's being spun here, we do not grow sunflower seeds. The IB8 product availability still lists "Hemp Seed: Big Game Brisket" as coming soon.
http://www.i-b8.com./
As far as I know we can order all the sunflower seeds we want, but it's not going to help DSCR at all. Unless I'm missing something. Profits from the Hemp seed sales will be going to:
It was obvious these guys were third party paid pumpers. DSCR would have released some kind of PR, then hired the the promoters, then sell into the increase of share price when it began to look like it was beginning to peak. The peak is what I call the "drunken sailor" with heavy volume and movement sideways: the retail crowd is still buying, but the dilutors are taking out the money just as fast, causing the SP to go sideways, up and down like a drunken sailor falling down and getting back up. That's the time, for me, to get out. I've learned this the hard way. Some lessons come with a big price tag.
Again I said third party because for 4K dollars you would get what we saw with the wrong timing (on no news/quarterly/annual filings). They came in here just pumping. They had no real following: they weren't buying (I can't say what a big red flag that is), and no one else was. That told me it was someone (note holder) on the side with not much money, trying to do it on the cheap ... how else could they sell with the price at/around no bid, as it has been recently?
Last, I could not say this (about volume, their efforts, timing, motives, etc.), as I did not want to sabotage what could very well have been a good run. And who knows... maybe they knew something. I was just hoping you could understand from my phrase 3rd party, where this was prob. going.
But the good news here, is because of their efforts, we are at $.0003, now. That's better than where we were before. And if they're reading this ... I wish they'd come and do it again. They tried.
If I may butt in, he was reported to have 200K. However, I have read his own words claiming he had many more. Nothing material has changed with regards to the fundamentals of this company.
If there was any time to say "grab some cheapies", this would be it. IMOO.
LONG PCSV
yeah, maybe on a Thursday ... LOL
No, raff, I think this is third party. Holder[s] of a convertible note?
How can one person with sour grapes poison so many people?
1) We still have 5WPR.
2) We still have the insider buying.
3) We still have Saudi Contract.
P.S. Still Long and Holding
Jerry
DSCR is the 10th one down(and yes, I've been keeping up with board comments):
http://www.theotc.today/
Let's hope they can do some good. The rest of us have been doing just that for way too long. This is one of the things I've been saying would happen.
Glad to have someone helping to get the word out.
DSCR
PaperLion, After my experience in pinkie land (FIT%, PMB$, etc.), I don't mean to be cynical here. I'm not saying anything that can surprise anyone when I say: DSCR's renewal of 2015 Hemp license could very well be aimed at the "retail" market(common stock shareholders) ---without the intent to plant in 2015 for lack of funds.
JP, I used to say 5 yr plan. But this has just been one disappointment after another. No (apparent) harvesting of upper stems, leaves, lower stalk for fiber in 2014. No planting 2015. Increase in SS to 5 Billion. Audit.
I'm worried. There has to be a run, and or promotion before SS surgery. I guess I'll decide then. Everything I've invested in, in this company has just been decimated. I still think they've got something cooking, as they've kept a much lower SS until just the last year.
GLTA DSCR
We Need a PR firm. 5WPR is just one of them. It's very well respected if and when we get it ... Now, That, My Friend, Would Be News (you could use all the way to the bank).
The way PCSV is acting, esp. today, I strongly suspect something like that is in the works.
GLTA, LONG PCSV
Pennant has broken (just). News is gonna set this on fire,
Don't get fooled by this. It's just a draft, so IF the item is approved they can initiate the plan pronto. Been there, done that, with Lakeshore and FIT%. The Town Council draft was leaked and then 'spun' (falsely), that they had already been approved(thru internal discussions).
Make no mistake, I think we'll get Fresno approval. But this is just a kind of draft, so they will be ready.
Best Of Luck To All.
News !!! We Have OTCQB Status ... as of 2015-08-19 ...Today !!!
For those with FB:
https://www.facebook.com/groups/1607031159565161/1616464288621848/?notif_t=group_comment_reply
That's what I'm thinking. Another run/promotion as well as a 'next announced initiative' before possible bad news.
I'd just love to see some .0022s or esp. .0033s.
And "All Day I Dream About Se%", ...er, uhm, ...Addida$, ...er, uhm, .03s! As in a life change venue and lotsa neat stuff. .03 cents would just be nice ..
Still Long DSCR
I know what people have said about WDCO, and how they are supposed to 'move away' when there's buying pressure.
1) but I just haven't seen it(but I'm still relatively new here).
2) Would you jump into the water that has a shark that 'is supposed' not to harm people?
3) Until a really big buyer comes along, PCSV ain't goin' nowhere as long as WDCO is circlin' the waters. IMO, thin volume will remain, as retail people are afraid to jump in. Big buyers don't care(in so many words).
Also glad you're still around.
I'm waiting for just the right moment to jump in big time. I'll prob. draw the ire of people here, but I think this has spiked too fast and am waiting for the proper entry point. There has gotta be a correction here somewhere. If I'm wrong, then my money is still safe ...
If the TA is gagged, they're (PCSV) prob. diluting. If the TA is not gagged, they could still be diluting.
Scooter1ar, good to see you here. I see some others I recognize. As you know, I'm pretty much an observer, and like to see the fray from afar. But word about PCSV has slooowly been getting out.
STEM seems to be the future in education as well as in hobbies and putting together fun things. Hopefully, you and I(and the rest of us) are making the right decision.
I just don't know how we can miss with this one. Check out the incremental request for increase in SS. Also the significant amount of insider buying of common stock. Not awarding, buying. Also check out the BOD (now and being assembled). Upgrading to OTC soon.
GLTA
That, my friend, is why I haven't been posting since my last entry. To me, there's no use ... until we know something from at least Fresno.
PL, yes, trying to find something to help, I guess. I have too much riding here. There is so much of No-thing regarding Russell Smith. Even a (confirmed)picture of him is hard to come by.
So many unanswered questions about where DSCR is going. Imma big believer in the past being at least a pointer of where the present might go. And I don't want really bad news. So you are right. I'm trying to 'divine the tea leaves'.
I should have tied up more loose ends. And I should have said this: I think this dilution and raising of AS is revealing yet another initiative(based on his past behavior). I'm hoping the African J/V. I think if this latest initiative of his goes nowhere, then, maybe very end of year/sometime early on next year we might see the dreaded r/s. For now, this seems to fit his character.
I could be very wrong, but where are we going to go now?
The Russell Smith seems to be the same one. Common denominators verify this(Schiemann, Marina del Rey) all around. 5 companies started, no real success. DSCR appears to be his "baby". Whether he puts full time into this or part time, or is in the middle of yet another initiative with DSCR (J/V in Africa?) is to be determined.
Did not mean to confuse anyone with my last paragraph. I still love to party. It's just now-a-days I love to "party" in research. Doing research is almost as fun as the "fun" I foolishly used to have. It pays more, too.
Also wanted to throw out some names and companies which others might find interesting enough to have fun with. I have a lot riding on this one too.
ejmyers, good post. I C&P Russell Smith(in quotation marks) along with Vision Energy Corp.(in quotation marks). After entering both on Google I googled the two items, and one of the pages that came up was this:
http://www.corporationwiki.com/Florida/Fort-Lauderdale/russell-l-smith/60133889.aspx
Now, is this the same Russell Smith I am looking for? Very common first and last names. I think this is the correct one as pretty much the same names associated with DSCR come up with 5 more companies.
Toggle down and you can see the Connections: Fred Schieman(sic), should be Schiemann 2X, Ralph Greenberg 2X, Peter Jonker 2X, Matt Wyrick 2X.
I knew Schiemann may have had a checkered past from this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87439917
Courtesy of laraz5, (#2208).
I checked out his source (again), as I had forgotten just what Schiemann had done. Here it is, for you and others to decide:
http://www.sec.gov/news/digest/1993/dig071393.pdf
What is my point? Scheimann and other info. (addresses: Marina del Rey) seems to verify that this is the same guy. It also verifies your idea that Russell Mitchell Appears to be a man of lots of initiatives.
I know this is a lot of stuff. But if you have quite a bit of flesh and blood invested in this company, further investigating might just prove to be fun enough to look forward to doing more of: kinda like those parties I had in my twenties. The kind of party I have today is much different. but much more rewarding.
GLTA LONG DSCR
Well, I'm glad you like them and I really hope you are right, but I do not really know about them. I'm scared too.
That, JP, is ... (pause) ... my question. That would seem very heavy handed. But some jus' don' care.
E.g., Anthony J. Contaldo, of OXI$, who has a history of, well, you know what, just announced the same. At about the same time as announcing a 3B AS increase ... why? Upgrade to NASDAQ ... but they still ain't got no product. Therefore Contaldo is putting out propaganda(imo). But maybe he'll get lucky.
DSCR has a product, and I just know are lured by the hope of farming Hemp, (and prob. MJ/MMJ), year round, away from the freezing Canadian cold. The summer way up there is prob. what you and I would call a very short spring.
It's very confusing. It is why I'm really trying to parse this out, to be ready for the next run/promotion ... do I stay or do I go? That would depend on if they seem to have a handle on their business, and then have a fairly good plan to get there. The audit has me more concerned than anything.
I'm with you there, bro'. You don' know how many times I've given it to Him. Nor do I.
PaperLion, Well(I ask rhetorically), why the 2B AS increase? No crop this year? I do not think Russell Smith has bought a condo in Dubai, nor has he bought a new porsche, nor a nice 1 Million dollar flat in NYC, nor nice multiple vacations (er, excuse me) multiple business trips to the Ukraine.
So if the above is true, there has to be some purpose to to the increase in share structure and audit. That is why I am offering these possibilities.
But then we are in Pinkie land, and some don' care as long as they can milk the investors teat.
Great Post JP. Russ Mitchell of PMB% changed his 400 million common shares into restricted, bragged about this 'good deed'(reducing the SS), drove pps right into no bid(thru dilution), did a 40:1 R/S and then just crashed it head first into the ground again into no bid. He did not pay one penny. Bill Chaaban of FIT%, well, I do not have words for him.
My point, is that both boards are now dedicated IHUB boards. Dedicated to telling the truth about those two companies to any and all future investors. Russell Smith would do well to see that he could very much have a dedicated site dedicated to telling the truth about the history of DSCR to any and all future investors ---here.
I got people pm'ing me now. I promised one person (who I respect and like), that I would not scare people about R/S. But since all has happened recently, and the subject is openly one of concern, I thought I would add my 2 cents. I'll try get my mail and not say any more about 'that other thing' now.
I'm going way out on the limb here, I think an audit takes at least 2mos., and possibly 6mos. In the PR it was stated the audit was to be initiated mid-July. I do not know what their REAL motive is
Like Paperlion and everyone else, their lack of transparency has just left me in the dark. It's why I'm not adding any more. But I think they damn well know what they are doing ---now. They seem to be weighing their options, and I hope R/S is not one of them.
E.g., they have to know if the African J/V is "propaganda"(I feel more comfortable with that word), or if we are on the verge of a serious, profitable, adventure which they know is gonna cost them the 2B AS increase.
The profits could therefore be used to reduce back the share structure, plus some cancelling of others. Russell Smith does have a history of doing some of this.
Did I inadvertently address your questions?
marianothis, I agree. The audit is the key.
This is from 2015-06-24 PR:
[quote (the) ...audit (is) necessary to meet the requirements of an SEC reporting issuer on the OTCQB tier. The Company will commence the audit within the latter half of July 2015.
Additionally, to meet the terms of a financing commitment currently being negotiated, the Company will file an S-1 registration statement. This financing facility shall be accessible upon an effective registration statement notice and is intended to be utilized for CAPEX and business development expenditures devoted to increasing shareholder value.][/quote]
Do you, and the rest of contributors here, have the feeling that
ONE: this is to help raise pps while they dilute? Or
TWO: stating they intend to do a R/S ... the 'goal of upgrading to OTCQB' is cover for this upcoming horrible easiest-way-out deed? Or
THREE: serious intent to be ready to upgrade to OTCQB once the financing (via notes and dilution) is accomplished because of (what they know to be a very promising) African J/V?
I think we all will have to agree ... maybe? ... with you that this audit is right in the middle of what ever is coming.
No longer adding, but still LONG and holding DSCR.
Nyjets1016, good post. Some contributors here seem to be ones that any CEO would be envious of. If people want to cover up and make excuses for something that is so blatantly obvious, in front of our eyes, in 'living color,' it is of no use debating the issue.
I'm not going to say anything else about this either. To anyone. It's up to us to do our DD and invest wisely.
Still Long SLTD
Chiink, you make a lot of assumptions. Too many. I quote:
We did not provide the necessary documentation. Neither the paperwork nor prepping a rep. who was going to have to know these things...