semi-retired
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TOTAL REVENUE FOR 2010 $5,203,565
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=47118
LINK TO YEAR END FINANCIALS FOR VCTY
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=47118
Thanks Reno I'll have time today to take a good look at them.
GL
GO VCTY!!!
From the responses I have gotten from IR it would seem unlikely that they will be filed today. If they are I for one would be surprised.
LOL comforting isn't it
Thoughts on seeing financials today Jenness?
The Bankruptcy Judge in Flordia didn't seem to have a problem with it and has approved the POR
Nice upward movement on relativley low volume...shares are hard to come by imo.
GL Kitty!
GO QSGI!!
Correct you are Pink:
PALM BEACH, Fla., March 24, 2011 /PRNewswire/ -- QSGI, Inc. (Pink Sheets: QSGIQ) announced that on March 21, 2011 its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court, Southern District of Florida, West Palm Beach. The final order confirming the plan will be recorded as early as today. As part of the Plan, QSGI will merge with KruseCom in a stock-for-stock transaction and is expecting to emerge from bankruptcy in approximately 60 days. Under the plan, stockholders retained their common shares.
1st quarter ends on March 31, 2011.
TranSwitch Corporation (NASDAQ: TXCC), as part of its new corporate strategy to provide the highest performance semiconductor products for High Definition (HD) multimedia, announced that it is rolling out a new family of integrated circuits (ICs) that supports HDMI® (High-Definition Multimedia Interface) and DisplayPort standards at the highest speed and image resolution of any product on the market.
Added to my watch list today based on article on msn money. Interesting company.
Hopefully there will be some detailed (and I find myself cringing when I type that word) from VCTY and MMMG on the sale of ASCC in the upcoming financials. I won't be holding my breath however waiting for that to be explained. Eyes wide open my friend!!
Thanks reno...just sitting back waiting for something to develop I think VCTY has one more trick up their seleves that will gives us one more run and at these prices I am content to wait an see what happens.
GLTU!
Absolutely correct Float Locker QSGIQ cannot by law put any new shares into the market at this time.
Below is what I posted laste week with regards to this question
ETMM on both the bid and ask is also known as:
Boxing
where a broker will position himself on both the ask and the bid, which is the heart of penny stock manipulation according to Business Week's 1996 Article: The Mob on Wallstreet... eliminating competing market makers and allowing only cooperating brokers to bid on stocks, the result is a kind of rigged auction.
Sorry Ja...I didn't mean for you to take that the wrong way I was just expanding on your post trying to point out to others that this is a huge deal imo.
Actually the 8k reads:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7816501
If that was indeed the case I hope so too!
LOL did the reverse boost ever even take place?
I have the link to the VCTY lawsuit filing I can pm all interested.
rj
Enjoy the vacation Muscle...safe travels!! See you here when you get back!
GO QSGI!!
rj
Picked up 10,000 more shares this morning @ .3255 avg. Won't hurt to average up here imo!
Link to SEC hompage if you would ever like to register a complaint with them about anything that goes on in the financial markets. eom
http://www.sec.gov/complaint/selectconduct.shtml
That would be impossible since QSGI still needs the Judge to put his signature on the POR.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7816501
On March 21, 2011 the United States Bankruptcy Court Southern District of Florida, West Palm Beach Division had a hearing to consider confirmation of the Debtors’ Third Amended Plan of Reorganization (D.E. # 384) under Chapter 11 of the Bankruptcy Code filed by QSGI, INC., QSGI-CCSI, INC. and QUALTECH SERVICES GROUP, INC., and dated February 1, 2011 and confirmed the Plan. The debtors are waiting entry of the confirmation order by the Judge.
Great Post cork!!
QSIG Form 8K Filed!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7816501
I agree gr...excellent buying opportunity has just presented itself...adding more at these prices!
gl
I would personally like to see us drop a couple of those zero's in front of that 8!
Well Happy Birthday fringe!! I nice present indeed!
stockholders retained their common shares
I think we all have a pretty good idea of where this is heading my friend!!
QSGI Emerging From Chapter 11 Reorganization
Press Release Source: QSGI, Inc. On Thursday March 24, 2011, 7:30 am
PALM BEACH, Fla., March 24, 2011 /PRNewswire/ -- QSGI, Inc. (Pink Sheets:QSGIQ.pk - News) announced that on March 21, 2011 its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court, Southern District of Florida, West Palm Beach. The final order confirming the plan will be recorded as early as today. As part of the Plan, QSGI will merge with KruseCom in a stock-for-stock transaction and is expecting to emerge from bankruptcy in approximately 60 days. Under the plan, stockholders retained their common shares.
According to Marc Sherman who serves as Chairman and CEO of QSGI, Inc., "The combination of QSGI with its restructured balance sheet and ties to large customers and investment markets and KruseCom with a profitable operation in a corollary business, deep management strength and strong balance sheet will provide a great launching pad to capitalize on the fragmented information technology services market."
About QSGI, Inc.:
QSGI Inc operates as a technology service provider, offering a full suite life-cycle for its corporate and government clients' entire information technology platform. On July 2, 2009, QSGI, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Florida.
KruseCom, LLC Summary:
Founded in September of 2009, KruseCom offers comprehensive solutions for I.T. Asset Management. KruseCom's specialties include Secure and Certified Onsite Data Erasure, Data Center Maintenance, and End-of-Lifecycle Services for everything in Information Technology.
For further information, please visit: http://www.QSGIInc.com
Forward-Looking Statements:
Statements in this release that are not strictly historical in nature constitute "forward-looking statements." Such statements may include, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions, and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results of QSGI to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the progress, timing, cost, and results of mergers, acquisitions, and operations; competition from other technology companies; and the additional risks discussed in filings with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and QSGI undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. The company names used in this statement are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
QSGI Emerging From Chapter 11 Reorganization
Press Release Source: QSGI, Inc. On Thursday March 24, 2011, 7:30 am
PALM BEACH, Fla., March 24, 2011 /PRNewswire/ -- QSGI, Inc. (Pink Sheets:QSGIQ.pk - News) announced that on March 21, 2011 its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court, Southern District of Florida, West Palm Beach. The final order confirming the plan will be recorded as early as today. As part of the Plan, QSGI will merge with KruseCom in a stock-for-stock transaction and is expecting to emerge from bankruptcy in approximately 60 days. Under the plan, stockholders retained their common shares.
According to Marc Sherman who serves as Chairman and CEO of QSGI, Inc., "The combination of QSGI with its restructured balance sheet and ties to large customers and investment markets and KruseCom with a profitable operation in a corollary business, deep management strength and strong balance sheet will provide a great launching pad to capitalize on the fragmented information technology services market."
About QSGI, Inc.:
QSGI Inc operates as a technology service provider, offering a full suite life-cycle for its corporate and government clients' entire information technology platform. On July 2, 2009, QSGI, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Florida.
KruseCom, LLC Summary:
Founded in September of 2009, KruseCom offers comprehensive solutions for I.T. Asset Management. KruseCom's specialties include Secure and Certified Onsite Data Erasure, Data Center Maintenance, and End-of-Lifecycle Services for everything in Information Technology.
For further information, please visit: http://www.QSGIInc.com
Forward-Looking Statements:
Statements in this release that are not strictly historical in nature constitute "forward-looking statements." Such statements may include, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions, and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results of QSGI to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the progress, timing, cost, and results of mergers, acquisitions, and operations; competition from other technology companies; and the additional risks discussed in filings with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and QSGI undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. The company names used in this statement are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
429,900% to be exact! not to shabby imo!