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Can't post the actual links, but here is a screen-print of where they take you.
https://investorshub.advfn.com/uimage/uploads/2021/5/12/idbfmUntitled.png
They are not SEC filers:
https://sec.report/Document/0001078782-18-000138/
They cancelled their registration February 2018.....
We make sure our customers understand that prices are increased as soon as either:
1) current stock is depleted
or
2) the next truck hits our dock
As I said earlier, the buffer we had built in disappeared quickly. Eventually we will be able to buffer again, when prices stabilize and start receding; but I don't see that happening this year. (I hope I'm wrong)
Yes, lumber has seen essentially the same issues, but at a much harder hit. The manager of a local lumberyard told a mutual customer of ours that a shipment they were unloading last week would have cost $6,000 in January; today's price is over $40,000. I am shocked it hasn't stunted the new home construction market more than it has.
WOW, well you asked for it:
Ultimately, the distributor is an agent for the distributor. You may be confusing distributor with broker. A distributor holds actual inventory, whereas a broker does not. My guess is that a broker walks a fine line, he actually has three businesses to consider: manufacturer, customer, and himself. If the manufacturer pushes for too large of an increase, or the customer balks at the increase, he may have to adjust his commision to make the sale. While the distributor has similar concerns, he can offset a higher price by offering better service levels through his inventory.
We are a small scale distributor of sheet products, primarily galvanized, that are used in the residential/light commercial construction industry (30ga-12ga). At one time, we bought directly from companies like AK & MT. We would contract our expected needs 12 months out to lock in pricing on that amount of product based on total tonnage expected. We could mix gauges as needed, the total tonnage was what mattered. If we used up our contract, we just executed a new contract based on new pricing. But if we came up a little short at the end of the contract, it went against us on the next contract. If we missed our numbers by a large amount, there may be no new contract.
But things have changed in the industry through the years. My company has been in business for 115 years, and I have been here for the last 37. First the steel mills implemented minimum contract sizes, which pushed the little guys to buy from larger distributors. After several increases to the minimum contract size, they had essentially created a multi-tier distribution system. Then they started spinning off the different levels of production like galvanizing/coating, coil slitting, cut-to-length sheets, among others which basically added more middle men Even though we are not large, we are big enough (~1,000 tons/year) that we deal with the upper level distributors but every $1.00/ton you add to HRC snowballs by the time it gets to us. As of Jan 1,2021 we were selling a sheet of 26ga 36"x96" galvanized for $15.36 to our best customers. That same sheet today is over $28.00, and we had a buffer built into that price which disappeared with the first increase. As I have posted here recently, we are seeing increases of 8% - 12% every truck we order, which currently is weekly. Our lead times have gone from days to weeks. And now they are telling us that they cannot guarantee the pricing on those orders.
You might want to do more DD....
OMG!! He might be related!! He is from here in Fort Wayne too!!
https://www.wane.com/entertainment-news/man-accused-in-227m-ponzi-scheme-involving-film-rights/?fbclid=IwAR1mLxfdhUEnGJVIKl186SaBmYC5LgEdSa_SDlWx9VKZmSAjtKimWJSRHno
Dude even looks like he could be related....
https://www.latimes.com/california/story/2021-04-06/hollywood-actor-zach-avery-ponzi-scheme-arrest
Second from right....
The article was written July 11, 2016. Almost 5 years ago....
Don't know why you would take so long to question that post, but it proves that Mark has not done anything in 9 long years.
But just one way would be to double the shares and dump them in one session.
Of course I didn't expect him to do that, but to say he has no control of the price is either BS or ignoring facts!
Neither does trusting a known scam artist....
Another load of flat stock galvanized sheet coming Monday, another price increase. This is the fourth straight load with an increase, over 50% accumulative in five weeks.
Oh! That explains all of the laughter I heard.
And laughing their a$$e$ off....
COVID is only mentioned as an example. It helps to actually read an article before dismissing it. The post even had enough of the article in it to make it as clear as could be....
Probably the best move YOU'VE ever made.....
Doesn't matter who is CEO. The Transfer Agent has stated Mark is the only one authorized for the share structure of VGTL.
So this merger can happen?
The free week is usually between the holidays, but sometimes they will start it early without saying anything.
You just have to try some of the features to see.
What exactly has he 'gotten right' over there? All he has done is write another BS piece of fluff.
He took over PIN* which became MIK* early '09, add in the BS as EES*'s IR and it is well past 12 years of his lies.
Been hearing 'big things coming' from Mark for over 12 years now, going clear back to his E*SO days......
The only agenda around here is Mark trying to get as much of your money as possible before the Feds finally shut him down for good.....
This is VGTel, when did it become Arowanna? I know he teased it when first taking over the ticker, but a whole lot (of nothing) has happened since then. Including MIK* assets reverting back there.
OK! DONE!
I'm just a small potato, but I did add 40% to my share count yesterday. And now, with this news, I added another 20% this AM.
SHUSH!!
Let me pick up a few more!!
Notice that last one? The 15-12G? That means VGTL doesn't want to EVER file an 8K again.....
Unless, of course, they re-register which would require Audited financials covering the five years plus since their last 10Q filed 2015-02-18. The merging company could IPO for less than half the cost of those audits.
Doesn't sound like the CEO is as brilliant as portrayed....
Just think, if only he had taken 30 seconds to check the website BEFORE buying crap.
EDIT:
Thirty seconds and lost $130, that works out to $15,600/hr.....
Doesn't everybody's???? BAHAHAHA
Literally impossible to generate that kind of money as a medical billing coding company (which is all this company is).
This will NEVER see .01 and I doubt anyone here honestly believes otherwise....
Cool! As long as people realize they are not live. I got the same Bombay feed today as last night.
One is plural the other is not.
That is how Newbauer sets up his scam mergers. Use a name similar to a real company and hope it runs like hell.
Other scams have nothing to do with this scam. Unless, of course, it is being scammed by the same crew. Oh, it is isn't it! (Even throwing around locomotive cliches.)
This POS will never see a .0044 let alone the penny claims being bantered about. It will be lucky to ever even see .002 again.
Well, Mark and his minions.