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I couldn't agree more. The only thing is that is very wrong now is that we don't know if the audit is finished- and cannot help but speculate that some real thing is holding it up unless management is stalling on purpose. They have many times promised transparency and have not kept that promise.
Thanks for saying it's reasonable. But there is no reason we cannot exert some pressure and demand transparency. We have a right to know the progress of the audit after we were told it would be taken care of in a short amount of time.
I have said ad infinitum, Porterhouse, that you need to COLLECTIVELY express your requests for information to management. And it should be done discreetly- because your current speculation is just that- pure speculation. We do not need to jeopardize any more of our future by negative comments. Also, I have been told that MANAGEMENT DOES NOT READ THIS BOARD. I don't know if this is true- but I don't know if I would if I were them- and pretty much decided I would do whatever I wanted to- with or without support from shareholders.
I am not going to defend the company for this. At one point, I was promised that all their back non-fulfilled promises would be explained- but they did not do that. I have told them multiple times that they didn't have to do much to satisfy shareholders that they were moving forward. Not every communication has to be an explosion. And, I believe, mini-indications about activity and progress with some chit-chat about the company would work. But, instead, they did nothing- and let the transactions fall to sub-penny.
You need COLLECTIVE MESSAGING to show that the shareholders are united in their wishes and they will take a variety of COLLECTIVE ACTIONS to compel legitimate transparency. WHEN YOU ACT COLLECTIVELY, then there is a power to actually affect their business. Solitary calls by angry investors do nothing. The whole trick is to negotiate what you want- in this case, transparency- particularly about the audit- with strength, showing the ability of shareholders to make complaints to appropriate authorities or to even take this further.
You also don't need to foul up the Board with ANYTHING based on speculation that is essentially belittling management and chasing away potential investors based on anger, insecurity and a desire to ridicule someone who has failed to be trustworthy.
Bring your golf clubs with you.
I have not continued to correspond with Sean. At one point, when I began to see that everything was still stalled, I asked people to contact me privately so that we could create a new shareholder letter. I wanted all of this to be private so we didn't have to mess up the board. No one replied. If and when the uplist happens and perhaps there is real value here, we could well see the same shareholder neglect continue. I believe that management should be sensibly responsive to the shareholders, but I also believe it is up to the shareholders to take action if they do not.
We already should know what has happened with the audit.
Seriously, a good question.
I couldn't find any of these names reported as part of this Charles Schwab posti. Also, a different phone number.
Your search - ExecutivesContact Information Maurice Byrne President, Director Brian Jenkins Vice ... - did not match any documents.
Please explain where this is listed.
Thanks so much for this well-reasoned, excellent post.
It should be obvious to you, my dear Beetle, that the major reason that stock is so weak is because of the absence of PR from management. And it will not climb out of this whole without PR and more communication. But shareholders who put their negative speculation, complaints and repetitious recapitulations of past uncompleted deadlines on the Board-- not that you would do anything like that- do affect our public image and it is all available in Google to prospective shareholders who might be slightly upset by these sagacious comments. One thing that I did hear from Sean was that nobody there in VITA reads the Board anymore- because it was so negative. How could they ever think that?
This doesn't excuse them. But does it excuse the few who are crowding this Board with negative information? BECAUSE THE TRUTH IS- AS TO MANAGEMENT'S INTENTIONS, WHAT THEY HAVE ACCOMPLISHED AND WHERE WE ARE HEADED= NONE OF US REALLY KNOW. THAT'S RIGHT. NONE OF US.
But I suspect, if the goal is to have the therapeutic experience of endless complaining and categorizing everything as a FARCE, then you guys are winning- and perhaps at the expense of the quieter and more thoughtful shareholders.
Ah,well.
Should we all collectively create on a great new song; SUB-PENNY LANE. We've been humming it for so long, should we perhaps make it the great FINALE of our adventure together?
I think the last tweet shows he's concerned at the moment about updating us. That's semi-upllifting.
Of course, with most everybody on this board continuing to disparage management, you are continuing to create anti-investment negative comments on and perhaps holding us up by keeping this stock down below sub-penny, including the
voracious bibbing.This stock has to be .01 or more for 30 days before the actual application. Try and think this out carefully because the stock needs to be up-listed. You’re supposed to be smarter than management, right?
I believe you, Beetle,
"We have to satisfied one last and hopefully final request of a few sets of financials and the audit of $VMSI will finally be complete."
Since this is not correct grammar, I believe it means "we have to satisfy" and not "we have to satisfied..."
Of course, it more remotely could mean, "We have satisfied..."
Just an insignificant comment in the light of an explosive new dimension in our experience of VMSI. May this explosion be one of profitability and pleasurable excitement for all.
Certainly not marred by a slight grammatical mishap.
Up and away!
I believe the audit has already begun Not sure how comprehensive it is. Plenty of people here would know about that. The rule is they have to maintain .01 or over for 30 days before they submit the application and thereafter until the audit is over with.
For this reason, it is better that trading from now on- for the sake of up-listing- only take place over.01 for a specified period of time.
No, we can't control everything if we stop trading below .01- but why get greedy for sub-penny profits if you endanger the uplisting.
I, for one, will not trade under .01.
THE NEXT STEP IN OUR CAMPAIGN TO IMPROVE RELATIONSHIP WITH SHAREHOLDERS AND MANAGEMENT AND TO HELP MAKE THIS MAMMOTH INVESTMENT OF OURS TO PAY OFF
IS: TO DISCREETLY SEND ANOTHER LETTER TO MANAGEMENT, EXPRESSING OUR CONCERN FOR VARIOUS UNANSWERED AND UNFINISHED ITEMS PROPOSED BY MANAGEMENT....
IN PREPARATION FOR MY LAST LETTER, WHICH HAD 13 MEMBERS INCLUDING ME- (WHICH I DID NOT SENT BECAUSE OF THE LAST PRESS RELEASE), PEOPLE SIGNED UP, SO TO SPEAK, BUT DID NOT REALLY CO-OPERATE.
THIS TIME I WANT 30 PEOPLE TO SIGN UP AND I WANT HELP IN GIVING ME A LIST OF ALL YOUR CONCERNS IN A PRIVATE EMAIL. PRIVATE. PRIVATE. PRIVATE
ALSO, I WANT YOUR HELP IN GETTING IN TOUCH WITH THE MANY MEMBERS WHO DO NOT LOOK AT THE BOARD OR PARTICIPATE REGULARLY. WHY SHOULD THEY? IF THEY DID,THEY COULD, AT THIS MOMENT, NEED MEDICAL TREATMENT FOR DEPRESSION, NIGHTMARES AND OTHER FEAR-BASED SYMPTOMS- ALL THE OTHER RIDICULOUS FEELINGS BASED ON GIVING WAY TO FEAR INSTEAD REMAINING CONSTANT TO OUR HOPES AND POSITIVE EXPECTATIONS
WE NEED THE SHAREHOLDERS TO BELIEVE ENOUGH TO GET US QUICKLY THROUGH THIS PERIOD TILL WE ARE FINALLY UP-LISTED.
LET'S STOP THIS CRAP. LET'S ROLL THE DICE WITH OUR DREAMS- TOGETHER!!!
ROLL THE DICE WITH US, NOT AGAINST US
i CAN VIRTUALLY GUARANTEE THERE ARE GOING TO BE HAPPY DAYS IF YOU PEOPLE ON THIS BOARD STOP WITH THE NEGATIVE SPECULATION AND REALIZE WE HAVE GOT TO KEEP THIS STOCK MOVING FORWARD AT .01 FROM NOW ON. THE NEGATIVE PICTURES YOU ARE PAINTING ARE THE OPPOSITE OF WHAT I NEED TO HELP NEGOTIATE US INTO A SUCCESSFUL RELATIONSHIP WITH MANAGEMENT. AND I AM NOT THE ONLY MEMBER THAT BELIEVES THIS.
IF YOU WANT TO HOLD EVERYTHING UP FOR ME, FOR US- AND FOR MANAGEMENT- KEEP DOING THIS NEGATIVE CRAP. (THIS OBVIOUSLY IS A REFERENCE TO DICE)
Fantastic!
You’re welcome, Jimmy- and thank you for standing firm when the tides of negativity might knock even a strong man under the waves.
Exactly. Couldn’t have been said more clearly.
It takes extra discipline not to be negative these days. But I appreciate your support. My goal is to create a win-win situation for we shareholders and management.
For those of you interested, Sean has replied to my latest email.
I am not going to relate everything he said- because I am still communicating with him
on certain points.
But here is what I will say: He categorically said, "We are trying to come up with ways to address everything" but many things are oh hold until the up-listing.
He also said, "... I am not concerned with phantom allegations and stories of manipulation. Per all the financials, share counts have stayed the same and no one affiliated with VMSI or Tangiers has sold a single share of stock. Many of our shares are not restricted either"
You can be assured in my reply to him (made around 4:00 AM this morning), I addressed the sub-penny trading, the need for more publicity to overcome the actions of the Market Makers which are holding our share price in hostage, the need to immediately address all our issues in the best way he can.
My recommendation to all of you who insist on messing up this Board with negative speculation is to STOP. I personally will not trade at sub-penny.
"
I have specifically sent them all that information- again- privately. Yesterday. Saying all thatr on the Board does nothing to help all of us. Maybe it makes you feel good but it is actually destructive to our best interest. It also harms potential investors. We don't really know why all this has happened. I plan on finding- but in an orderly and respectful way. Capiche?
I missed this message. I also wish you the best. You will be in my prayers- and so will VMSI getting themselves together for all of us.
Curious. I wonder who or what is doing that?
I wonder why that is.
What I smell is negative speculation on the Board. I have mentioned many times that this type of speculation is public and can affect the price of our stock and could interfere with the important process of up-listing.
There is clear evidence of someone in particular manipulating price on the Board. But it certainly not VMSI management whose main problem is lack of communication and transparency, which I have been trying to fix by communicating directly with VSMI. The insults and fantasies do not help anyone. I have conveyed the real problems we have in a private letter as I explained. I just sent out another letter yesterday.
The people engaging in negative speculation and threatening legal action and other related actions are jeopardizing all the thousands of dollars we have collectively invested by a ridiculous form of self-indulgence in a public forum.
FURTHER, THEY ARE INTERFERING WITH MY EFFORTS. I WOULD LIKE OTHER MEMBERS TO SUPPORT ME IN HELP US TO CLEAN UP THIS BOARD FROM THREATS, INSULTS AND NEGATIVE SPECULATION ABOUT VMSI. THIS DOESN'T MEAN WE WILL DO NOTHING TO FIX OUR PROBLEMS. BUT IT DOES MEAN WE WILL NOT PUT SELF-INDULGENT COMPLAINING AND NEGATIVITY IN THIS PUBLIC FORUM.
Exactly.
Thanks
If I don't get an answer to the issues which Porterhouse has brought up again, we should put together another collective letter- but with more shareholders.
Personally, as you do, Jimmy, I have not given up hope, I believe in the good intentions of management but I also believe they need to listen to their shareholders' well-founded questions.
I suppose that a strong, determined and articulate group of investors who understand their rights and privileges who partake of a type of ownership of the company- and can be polite and positive in their negotiations with management-CAN PROBABLY GET THINGS DONE IN THE DIRECTION THAT WE NEED!!!
Does anyone share this vision?
KEYWORDS
Strong
Determined
Articulate
Polite
Positive
I have addressed every single issue you have brought up in your post. I want and expect all that to be explained by VMSI management.
OTC Markets Group Policy on Stock Promotion
Timely disclosure of material information is fundamental to efficient trading markets.
Public availability of adequate current information is a core principal of OTC Markets Group’s disclosure-based philosophy and the OTCQX and OTCQB Rules. Reputable public companies are expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities.
I don't have an answer about why those omissions and project timelines occurred. That was the basis of my unsent public letter but also a major component of my last private letter.
So we will continue to probe until we get real answers. I am not happy either.
I think the content of their press releases shows significant objectives. No, I don't know how far they've come with some of these. But I think they had to do some transparency about what they were doing to Tangiers. And I also think the fact that Tangiers gave them some extra funding for the up-listing shows that Tangiers had some confidence in their direction. That gives me sine confidence that they are moving forward. And when you put forward these type of objectives and are willing to register for an uplisting that makes me think this is not all smoke or mirrors. That doesn't mean that I am fully satisfied.
In my letter, I make it clear that I want more past and future transparency. That will give you and me more confidence in their progress. But I think what I said explains why I do not think I am entirely clueless. But, yes, I would like to be more substantially clued. A lot more.
Me, too. I am selling some, out of necessity, but it is above 1.5. I do not plan on buying or selling sub-penny.
No. As I mentioned publicly, just as I was about to send the letter which a number of you agreed to sign, the newest press release came out. For that reason, since my initial concern was the status of the up-listing, I did not send it. The response I mentioned was to a private letter I sent, which I also mentioned to members of this Board.
I am not finished with my correspondence on those issues I raised in the letter even though I received an answer.,
Still, here is a quote he gave me from the last PR,
"Additions to our staff and marketing promotions that we have previously discussed are put on hold until we complete this new path of initiatives. We look forward to providing more updates soon".
Note this implies that they are creating a new path of initiatives and more PR will follow this completion.
Am I entirely satisfied with his last email? No- but that it why I am continuing my correspondence. I believe that he did not read what I said carefully enough to fully understand my proposal. The proposal was simple: I want all our questions answered regarding past unfinished timelines, his proposals for future objectives and products.
I am, however, satisfied that they are continuing to work seriously but need to be very much more transparent about their past and future business.
Hope this helps.
No. As I mentioned publicly, just as I was about to send the letter which a number of you agreed to sign, the newest press release came out. For that reason, since my initial concern was the status of the up-listing, I did not send it. The response I mentioned was to a private letter I sent, which I also mentioned to members of this Board.
I am not finished with my correspondence on those issues I raised in the letter even though I received an answer.,
Still, here is a quote he gave me from the last PR,
"Additions to our staff and marketing promotions that we have previously discussed are put on hold until we complete this new path of initiatives. We look forward to providing more updates soon".
Note this implies that they are creating a new path of initiatives and more PR will follow this completion.
Am I entirely satisfied with his last email? No- but that it why I am continuing my correspondence. I believe that he did not read what I said carefully enough to fully understand my proposal. The proposal was simple: I want all our questions answered regarding past unfinished timelines, his proposals for future objectives and products.
I am, however, satisfied that they are continuing to work seriously but need to be very much more transparent about their past and future business.
Hope this helps.
For those of you interested, I just received an email from Sean. Whereas I am still going to correspond with him about certain issues I will confirm what I have been thinking- the kind of IHub negativity on the Board is not helpful to what should be our common goal as shareholders and management. Funding is critical to future roll-out plans for marketing.and our up-listing is directly connected with that possibility.of that funding.
Some of the recent comments, particularly one about the fact I shared with all of you that I was writing a letter to Sean- I found personally offensive,. What I was trying to do is not a joke or a farce, and, no, I did not think, as one person speculated, I would get a "standard response"- meaning no response. In fact, in general, I have received email responses in the past and did again, as I thought I would. Although I have at times been critical or suggesting alternatives, I have always tried to be polite.
As I have said, infinitum, this Board needs not to do toxic speculation, continue to insult management and to publicly embarrass the serious shareholders among us who need to gain their investments back- but do not care to manifest themselves in a pool of negativity and unwarranted defamation,.
I would like those of you who want to continue to indulge in this kind of activity- so read some books on Manifestation, on the connection between one's thinking and emotions- and one's possibilities for success in one's objectives and personal goals. It turns out this often means, if things are going downwards, you focus, among other things, on your desired goal- not the way things are appearing, for the moment, in the physical world.
I hope so, too. I consider this a very serious situation for a lot of us. And considering everything, I decided that this would be the best next step.
EMAIL TO SEAN
As I said I would, I have just sent an email to Sean.
Basically, I restated many of the elements we had talked about sending him in a collective letter (which I had withheld because of the press release that came out). But I also added additional material. It is my hope that VMSI will seek to end the communication blackout, change the pattern and quality of messaging the shareholders and respond to all our questions regarding past incomplete communications and, as a result, fully restore our confidence and trust.
Thank you.
I think this is a very bad idea as you will jeopardize the up-listing of the stock, which could, if not interfered with, significantly increase its value. It is not just you that is involved. Right now, I believe that value is being potentially diminished as some shareholders fill up this board with sarcasm and negative speculations about motivations and behavior. Further, I think the enthusiasm at trading sub-penny by shareholders who know the need for .01 minimums for 30 days before the application and then until the application is accepted- is rather curious.
There are a lot of problems with what has happened that are real. Very serious ones. I was ready to address them in a letter from a number of shareholders, but the new PR compelled me to wait and see. I now am writing a letter from myself alone, which I believe could be effective. This is based somewhat on new issues that have emerged in my awareness since that last PR.