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.
While I feel no need to explain myself to you I'll do you a favor and share some of my experience with you. Since I don't have a crystal ball I can't factor in the earnings report because I have no knowledge what it will contain. The only information I or anyone else have to go on right now is the technical aspects of the chart. The earning report could range aynwhere from disapointing with zero revenue to outstanding with nothing but money flowing in. The facts are though holding this going into undertermined earnings is nothing short of a crap shoot. It is little better than gambling. If you are disputing the technical interpretation then feel free to express your different opinion. The general market may have a different price target for this particular stock than yours, no matter what you are hoping for. The previous price activity has been totally determined by the convertable financing. I am not even sure that is finished yet, and you can't know either. Taking advantage of this recent pop in price would have been the best play in my opinion.
Bollinger Bands
VTLP is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.
Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K line has crossed under the %D and the oscillator recently crossed below the critical value of 80, moving from its overbought condition.
RSI
The RSI is currently at 64.86% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of VTLP is improving or weakening.
Williams %R
The %R recently dropped to -34.62% from above the critical level of -20. This signals that VTLP is no longer overbought and the internal strength of the stock appears to be waning.
Reverse split,again
From the most recent filing dated Fri June 12
IF YOU BUY, YOU ARE AN IDIOT
"We have, in the past, issued our common stock to employees and consultants to cover a portion of their compensation. As of June 10, 2009, the closing price of our common stock, as quoted on the Pink Sheets, was $0.70. Due to the price of our common stock, we must issue a substantial number of shares to provide adequate compensation to employees and consultants. Due to our limited capital resources, we anticipate continuing to issue common stock to compensate employees and consultants. Our issuances of common stock will dilute the stockholders of our common stock and will likely cause our stock price to decline further. As a result, we determined that it would be in the best interests of our Company and our stockholders
(best interest of who?)to implement a reverse split of our common stock in order to have sufficient stock to use for compensation purposes or to raise capital. Our previous reverse stock splits have resulted in a decline in our stock price and we believe our stock price will likely decline again, particularly if we have not yet implemented our new business model."( new business model, thats rich)
Come on Stuart, is anyone really buying into this farce?
I'm sorry but don't you read before you post, I said that it was the norm for them to be late in filing. I also added don't panic, Jeez
Pinks Sheet status updated to current information
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cfri
http://ih.advfn.com/p.php?pid=nmona&cb=1244938770&article=38221202&symbol=NB%5EVTLP
http://ih.advfn.com/p.php?pid=nmona&cb=1244938770&article=36902052&symbol=NB%5EVTLP
http://ih.advfn.com/p.php?pid=nmona&cb=1244938770&article=36902052&symbol=NB%5EVTLP
http://ih.advfn.com/p.php?pid=nmona&cb=1244938770&article=29012761&symbol=NB%5EVTLP
They have been late with every 10q filing so far so I wouldn't panic, it's sop for them
What are you talking about?
Am I misinformed about the facts?
If anyone is holding on to a false hope, it's the bagholders hoping they will ever see a portion of their investment.
You cannot use technical indicators to predict the trading activity of a stock that is being diluted, no matter what company it is.
How can a stock be overbought when the company doubles the outstanding share count over the span of one quarter?
Technical indicators are only applicable when you are dealing with a known float. The unpredictable introduction of shares into the pool negates their predictive abilities.
If this company is still dumping shares they won't give a crap where you think the "floor" is. It's all free money to them.
Posted by: Xplosivestocks Date: Monday, December 29, 2008 6:02:37 PM
In reply to: StormyMonday who wrote msg# 78 Post # of 735
VTLP is going to be a star. Keep it on watch :))))
Just in case you are new here and considering an investment
XplosiveStocks is the former moderator of this board, he would seen to have moved on.
http://www.xplosivestocks.com/disclaimer.php
From the website disclaimer
"XplosiveStocks.com may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration."
XplosiveStocks.com has been compensated by the following companies for their profile:
VTLP: 50,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 120,000 free trading shares by Third Party
VTLP: 240,000 free trading shares by Third Party
VTLP: 135,000 shares free trading by Third Party
total: 1,265,000
If you are aware of a compensated promotor using IHub as a moderator of a stock board he is compensated to promote can his link be added to the Ibox for this board?
Sell volume....1,514,100
Buy volume....209,999
This board is losing it's focus, while it's losing it's a$$
This behavior is typical. Posters start arguing among themselves
while the company sells the shareholders down the river. Unable to grasp the reality of whats being done to them they turn on each other.
Isn't the next filing due pretty soon?
They may report revenue, the big question is how much, and what will the market reaction be?
The price people are asking isnt as important as the price people are paying. People are paying .0038
I was waiting for the same thing myself. Your question lead me to find that section of the most current filing. I am also concerned when they will start trading on the otc and get off of the pinks, I thought that was the whole reason for the status change.
On April 9, 2009, Conforce International, Inc.’s registration statement was automatically declared effective and Conforce International, Inc. is now subject to the requirements of Regulation 13A under the Exchange Act, which will require the Company to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, and it will be required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g).
Someones in a bit of trouble
May 21st, 2009,
The 26-year-old founder of an Aliso Viejo-based stock board, an Orange County stockbroker and a stock promoter are among seven people indicted in an alleged penny-stock scam.
Federal prosecutors unsealed the indictments against the seven on Wednesday. The Securities and Exchange Commission simultaneously filed a lawsuit in federal court in Delaware against six of the seven criminal defendants plus two others.
The lawsuit alleged the men cleared $6.2 million by allegedly manipulating the price of several penny stocks.
Among those indicted were Matthew Brown, the operator of the stock board InvestorsHub.com in Aliso Viejo; Joseph Mangiapane Jr., 43, of Laguna Niguel, owner of Irvine broker-dealer AIS Financial, and Mission Viejo stock promoter Jacob Canceli, 50.
The key figure in the case was Pawel Dynkowski, a 24-year-old Polish citizen, formerly of Newark, Del. Dynkowski is the only criminal defendant who has not yet been arrested, Assistant U.S. Attorney Shannon Hanson said.
All the other defendants have been released on bond, she said. Dynkowski’s attorney had no comment on the charges against his client. None of the Orange County defendants or their attorneys could be reached.
However, in a post on InvestorsHub Thursday afternoon, someone who appeared to be Brown wrote, “You guys know the deal — I can’t say much without my legal counsel ripping my head off (certainly the way I write). If/when I’m cleared to update everyone, I will.”
The indictments and lawsuit allege that Dynkowski, Brown and the others operated a so-called “pump-and-dump” scam in the shares of five tiny companies.
The scheme allegedly worked like this: First, with insiders’ help, they obtained huge amounts of stock in a target company. Then they engaged in phony trades to create the impression of an active market in the stock. At the same time they issued phony press releases, using InvestorsHub and other boards to attract investors’ attention.
That was the “pump.”
Then they sold their stock to an unsuspecting public. That was the “dump.”
The most lucrative scheme, allegedly generating $4 million in profits, involved Asia Global Holdings Inc. The Hong Kong company claims the rights to broadcast “Who Wants To Be A Millionaire” in China.
The SEC claims that Brown, working with Dynkowski, Mangiapane, AIS stockbroker Marc Riviello, 50, of Atherton, and an unidentified company insider, obtained huge amounts of company stock. At one point they held 45 percent of all shares.
They used several tactics to increase volume, including “wash trades” in which they sold and then repurchased shares, the SEC alleged.
To lure investors, Dynkowski told Brown to arrange for a false corporate news release hyping Asia Global’s second quarter results, the SEC said.
“Make it sound ENORMOUS,” Dynkowski told Brown via instant message on Aug. 24, 2006, the lawsuit alleged. Within days, the company publicly claimed that its profit had shot up 370 percent from a year earlier. Dynkowski and Brown sold 7.75 million shares on the news.
Also indicted were Gerard D’Amaro, 38, of Lighthouse Point, Fla., and Angelo R. “Bill” Panetta, 48, of Montebello.
Panetta, who was charged with perjury and obstruction of justice for his testimony to a grand jury, was the only criminal defendant who was not also sued by the SEC.
If convicted, they could be sentenced to as much as 20 years on each count.
The SEC also sued Boston website developer Nathan Michaud, whom it alleged helped Dynkowski manipulate the stock of Asia Global, and former University of Delaware student Adam S. Rosengard of Voorhees, N.J., who allegedly held stock for Dynkowski. Neither was indicted.
The SEC seeks a court order compelling the defendants in its lawsuit to disgorge ill-gotten gains.
The case began more than two years ago. A February 2007 story in the San Angelo (Tex.) Standard-Times described how a state trooper helped break open a money-laundering case when he arrested a courier carrying $155,300 in cash from California to Delaware.
“That’s how it began,” Hanson said, “with a routine car stop of a guy who was delivering money across the country.”
Other statements in the 2007 story - that the investigation had been under way for several years and that it involved the Genovese organized crime family -
I'm only gonna say this one time, this is your quote
"The company will buy a ton of stock knowing there next financial report is going to cause the stock price to soar."
They're selling or buying? which is it gonna be
The only source of revenue they have is stock, are you thinking they will sell stock to get money to buy stock?
I think you are grasping at straws
What happened, change your mind?
There may be a few of us who perhaps have a different outlook on this company because we find it impossible to disassociate Vital Products from Stuart Turk.
He is, On the go healthcare,he is Cellular One, he is Metro One.
It would appear that he is the sole capitalist behind this company and his record is horrible at best.
It may or may not be fair to judge this company by their association with him however who ever said the Market is fair.
The removal of capitol from Vital began before the company even began trading as there was a trust of shares for On The Go shareholders set up to become effective the day the registration became effective, who was the largest shareholder of On the go, Stuart Turk.
From Metro One's Quarterly Report (previously On The Go)
4. GAIN ON RECOVERY OF PREVIOUSLY WRITTEN-OFF RECEIVABLE
During the three months ended October 31, 2008, the Company received 15,200,000 of shares of Vital Product, Inc. with a total fair value of $1,710,000 as settlement for amounts due from Vital Products, Inc.,
What was the record of On the go for those unfortunate share holders?
Capital Change=shs decreased by 1 for 30 split. Pay date=10/04/2004.
Capital Change=shs decreased by 1 for 50 split. Pay date=8-10-06.
Capital Change=shs decreased by 1 for 50 split. Pay date=11-16-07
Capital Change=shs decreased by 1 for 1000 split. Pay date=04-14-08
Capital Change=shs decreased by 1 for 1000 split. Pay date=08/15/2008
Capital Change=shs decreased by 1 for 1000 split. Pay date=02/05/2009
Unending dilution with multiple reverse splits.
What is the record for Metro One
On August 15, 2008, the Company's common stock was adjusted to take into account a 1,000-to-1 reverse stock split. The Company's common stock has been adjusted on a retroactive basis; accordingly, all previous balances have been adjusted for this reverse stock split.
Currently delisted from OTCBB and thinly traded on the pinks.
Is it incorrect to assume that Vital Products will take the same path that On The Go and Metro One have taken? I honestly can't say, but I personally cannot disassociate the two. I read the filings and I know where they say the money is going to and coming from.
I'm afraid some of the people who may have delved deeper into the background of this company are waiting for the proof is that is yet to be forthcoming. As of so far they have gone though a very large pile of money and I can not find anything to show for it.
That dosen't mean this stock can't be successfully traded. I think at least someone is making quite a bit off of it
I wonder if you could tell me where you found the information about the 100k preferred shares being issued to M Levine
The only reference I have been able to find confirming an issuance to Mr. Levine was this from the last quarterly
"On October 2, 2008, we issued 10,000,000 shares of common stock to Michael Levine at a price of $0.20. Mr. Levine is our Chief Executive Officer."
The 8k didn't include ownership information did it?
By the quicksand are you referring to the fact that this is down over 35% today? Ironic but I agree with you, like quicksand it does suck
By all those orders are you referring to the 2 orders mentioned in the filings
"On January 13, 2009, we formally announced that we had commenced production of Biofill(TM), our bio-based foam in place packaging product, and on January 26, 2009 we received our first purchase order. On January 30, 2009 we received a second purchase order for our Biofill(TM) product from a major North American manufacturer."
These are the only orders publicly recognised
" Cost of Sales: Our cost of sales for the six months ended January 31, 2009 was $0, compared to $8,074 for the six months ended January 31, 2008.
The decrease in cost of sales was directly related to the decrease in sales."
I have a whole different theory about what is up here.
BTW, the daytraders have already left, and there is nothing new about dilution, at least not for the people involved here
Welcome onboard new bagholders, they did it again.
I have been chastized for revisiting the same stuff, but everytime someone new comes along I just wanna go over it again. Do you really think they spent 1.7 million in shares to buy a business, not receive the patents for the products they were intending to sell, then they determined the business was not viable. Then they again use shares to buy another business, this time from the ceo?.
Borrow money, at a minimum 20% to run their business, then pay the loans off with shares at a 25% discount.
They have gone though millions, and have so far reported zero revenue.
All the tech analysis in the world dosen't apply if the overwhelming number of shares available to be converted by the debt holders are converted.
The recent registration filing of 100k preferred convertable shares are the next ax waiting to fall.
You let it run a bit, create some enthusiasm, then sell some more.
I said it before, the dilution is in control of the stock price.
If the debt holder lets up, the price will go up, if they continue to convert,well you see the result.
I did say this was possible. I won't say anything negative.
GLTY
I hope everyone of you make your money back and then some.
I didn't buy any and I won't. But I wish you luck, this is a nice run.
Have you read any of the filings yet. The outstanding share count has at least doubled since Dec and millions of shares have been converted.
Either you have no idea what you are saying or you are trying to be deceptive
As of December 5, 2008 the Issuer had 36,450,000 shares of common stock issued and outstanding, par value $0.0001 per share.
As of March 18, 2009, the Issuer had 64,250,000 shares of common stock issued and outstanding, par value $0.0001 per share.
During the period between October 14, 2008 and October 24, 2008, Metro One Development, Inc. converted $1,708,480 in principal and accrued interest under a promissory note into 15,200,000 shares of our common stock, at a conversion price of $0.1125 per share.
On December 8, 2008, Metro One Development, Inc. converted $37,500 in interest accrued under a promissory note into 1,000,000 shares of our common stock, at a conversion price of $0.0375 per share.
On December 22, 2008, Metro One Development, Inc. converted $12,000 in interest accrued under a promissory note into 800,000 shares of our common stock, at a conversion price of $0.0150 per share.
During the period between December 29, 2008 and January 9, 2009, Metro One Development, Inc. converted $195,000 in interest accrued under a promissory note into an aggregate of 26,000,000 shares of our common stock, all at a conversion price of $0.0075 per share.
This dosen't even include the notes to Celluar connection
The $76,333 advance from Cellular Connection, Ltd. was a result of a convertible secured promissory note with a face amount of $120,000 issued to Cellular Connection Ltd. on January 20, 2009 which include one year of interest totaling $20,000 and actual loan amount totaling $100,000. The convertible secured promissory note accrues interest at a rate of 20% per year and has a maturity date of January 19, 2010. The outstanding face amount of the convertible secured promissory note shall increase by 20% on January 19, 2011, by another 20% on January 19, 2012 and again on each one year anniversary of January 19, 2012 until it has been paid in full. The note entitles the note holder to convert the note, plus accrued interest, anytime prior to the maturity date, at 75% of the average of the lowest closing bid price during the fifteen (15) trading days immediately preceding the conversion date. The note has been accounted for as an original issue discount note due to the conversion feature. The discount totaling $40,000 shall be accreted over the life of the note for a total accreted value of $160,000. Furthermore, the $20,000 interest which has been included as part of the overall face amount of the note shall also be accreted over a one year period. As of January 31, 2009, the total accretion of both discount and interest totaled $2,500. The remaining portion of the note not advanced totaling $23,667 was received by the Company in February 2009.
I guess your not looking close enough
http://stockcharts.com/h-sc/ui?s=VTLP&p=W&b=5&g=0&id=p80152998632
End of Dec 08
Paid stock promotion begins
Fluff press releases
Volume increases as shares are fed into market
Price collapses
Pumpers leave
Bagholders left scratching heads wondering what happened
It is the finest example of a pump and dump I have ever seen
I will post what ever and wherever I want and you can guess what part of me you can kiss
It is very possible that it will bounce
but the share count leading into the previous bounce you're referring to was
"As of December 5, 2008 the Issuer had 36,450,000 shares of common stock issued and outstanding, par value $0.0001 per share."
The most current count is at least
"As of March 18, 2009, the Issuer had 64,250,000 shares of common stock issued and outstanding, par value $0.0001 per share."
It all depends on a cessation of the dilution, the increase in the float could restrain it's ability to recover.
But shares are cheaper, so people can buy more.
I am wondering about the plan for the registration of 100k convertible preferred shares.
"Effective April 20, 2009, we filed a Certificate of Designation of Preferences, Rights and Limitations with the Delaware Secretary of State designating 100,000 shares of Series A Convertible Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock")."
"Each share of Series A Preferred Stock is convertible at any time, at the option of the holder, into 100 shares of our common stock."
I realise I will be seen as the enemy. People come to these boards for comradery and validation of the decision they've made. Cheerleaders are welcome. Realists aren't. I have no agenda, I'm just making observations. The market is the ultimate realist. You can't reason with it, you can't argue with it. You can only learn to react to it, and I believe it has spoken
http://stockcharts.com/h-sc/ui?s=VTLP&p=W&b=5&g=0&id=p80889992777
I have never owned shares of this company. I have no obligation to tell you if I own any shares or not. Ownership is not a requirement of posting on a board. It was not my intent to Pi$$ anyone off. I have provided more actual dd about this company than any other poster on this board. If you can reference one of my posts that was misleading or unrealistic I would be amazed. In reality you are not Pi$$ed off at me, you are loseing money. You are not loseing money because of me, you are loseing money because of the unwarrented pumping and relentless dilution that has gone on for months. I have a real concern for the niave investors who are duped by the paid to pump sites using these message boards to rope in the suckers to sell the shares these companies have given them. A real business with a real concern for their investors would not take this road. Penny stock shareholders are nothing more than a tool. A farm animal to be milked. The experienced ones are in and out, the niave buy into the dream. They swallow the press releases like good little lambs, and fork over their sheckels to the wolves.
When they are no longer using shares to pay for promotion to pay for interest to pay for baby seats to pay for consulting, maybe I will consider buying. If I did buy I would be gone if I saw the glimmer of a profit. I watch every day, I have placed and pulled multiple buy orders, and have saved myself from paying someone elses light bill. I would rather give my money to a homeless person on the street than buy a single share from any of the many shameless paid to pump stock sites milking the penny market.
If I have pi$$ed off the pumpers, or prevented someone from loseing more than they would have, that makes me happy
IMHO I believe they will report revenue this quarter, that may give some the chance to get out with some of their investment. Don't kid yourself though, there is a ton of overhead on this stock right now. Anyone still holding this for any length of time is down and they will be waiting for a chance to recover even a reasonable portion of their investment. IMHO that will surely depress any rally. You better be quick, and be sure that if it does rally, and the pumpers are back, you will be buying their shares, and they will be gone like a thief in the night.
I'm a longwinded sob ain't I :)
World Cargo News
Published: March 2009
Conforce teams up with Bayer
Toronto-based Conforce International, the manufacturer of the innovative Eko-Flor composite container floor, and Bayer MaterialScience, one of the world’s leading polymer companies, have signed a definitive agreement establishing a strategic partnership between the two companies.
The aim of the partnership is to enable Conforce and Bayer to leverage their respective strengths as they work towards the commercialisation of Eko-Flor. The partnership will provide Conforce with key support in the areas of advanced design and material analysis, efficient production practices, technical know-how and expertise and a global material supply chain consistent with the projected requirements of Eko-Flor....
http://www.worldcargonews.com/index.htm
I am very interested in the process of convertible financing and stock promotion and its effects on trading and stock price. I was aware of this company before their registration documents even became effective so I was able to study the process from onset to present. I wrote the piece on fluff prs and am quite anal in my dd. It is amazing exactly what companies can do and still be 100% legal.
http://www.convertingmagazine.com/article/CA6598046.html?nid=3476
Say's the deal is expected to close by the end of the year
Did it?
Not here
http://www.packextoronto.com/exhibitor/index.php
Could go here
http://www.packexpo.com/pelv2009/public/enter.aspx
Anyway here are some research tools
http://www.packagingdigest.com/
http://www.packworld.com/
http://www.sustainableisgood.com/
I did find one article, but its nothing new
http://www.packagingdigest.com/article/CA6611188.html
"This will allow us to attain a sizeable portion of the nine hundred million dollar market."
"Sizeable portion", interesting choice of words. Gives the implication of largeness without actually saying it.
Den Packaging, shows 1 product available
http://www.alibaba.com/member/ca103090260/productgrouplist-100676617/packaging.html