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I called a couple months ago and the number worked. I didn't get much information, but at least they answered the phone. That's more than I expected.
I called a few months back and was told to expect earnings reporting in the next 3-6 months. That would put it sometime between September and December. I got the feeling we will see higher revenue when they finally report.
I agree, with a positive announcement it could pop just like it did last time.
It's pretty simple... the last person to buy yesterday paid more than the person selling today thinks its worth. Even worse is the fact that nobody thinks its even worth .0025 today. Not exactly a good sign.
At first thought I was also surprised, especially considering this thing ran from the trips to .008 on no news or filings... just a bunch of message board hype from what it appeared.
Now that the filings are out, we can all see that this company isn't worth anything. Unless I'm missing something, the revenue went from $2,259,493 in 2011 to 581,904 in 2012. Then on the quarterly report it went from 374,833 during Q1 of 2012 to 82,456 for Q1 2013.
Basically, the annual and quarterly filings show that this company is failing, fast. I would venture that the filings were only done so he could make a last ditch effort to secure new financing. My lousy experience gambling with penny stocks tells me the next PR will tell us about a 1000:1 reverse stock split that will eliminate all of us small fish. It's almost like going bankrupt with actually going bankrupt. Then the investors come in and revitalize it with new capital and the whole cycle happens again.
Just my two cents.
When I spoke with Frank he indicated Joyride and SanWest have been together for some time now. Doesn't sound like anything new.
I'm a little surprised we didn't see any mention in the recent filings.
I agree that PR is long overdue and it surely wouldn't hurt the stock at this point. However, this stock has had nearly zero volume over the last year and miraculously it now has a heartbeat. What do you think it is? It's not like a real firm is telling their clients to buy. How about all the "ask slapping"... I mean seriously, I've been reading this board since this stock came out of the dark a couple weeks ago and 99% of what I read is... "we're heading to the .0043's", "I see 4 million on the block, this thing is about to blow", "we're gonna be over .03 with any PR". Not a single legitimate analysis. I also bet half of these aliases are the same person having a conversation with him/herself.
Come one, this is totally just penny pushers trying to paint a picture. How many posts were there speculating that Joyride and San West were merging? I asked Frank and he said Joyride's been their company, it's just another outlet/website to sell their merchandise. There's no exciting merger because it's already their company! Yet, posters would like to believe it's exciting news.
Frank is not failing. If anything we owe him a thanks for getting his filings current. The real issue was that a few pumpers twisted his words for a short term gain. He never said anything besides the verifiable facts, like getting current on filings and dropping the CE. Pumpers are to blame for the rise and fall of this stock. I also fell prey to this hype and lost a few bucks believing someone on this board actually knew something, but no, just the same old pump and dump. Now most of them are gone and only bag holders are left.
Like may other posters on this board, I have also spoken with him a couple times, as recently as yesterday. Unfortunately I did not detect there was anything terribly exciting on the horizon. He indicated that he plans on releasing a shareholder update in the future (sounded like several weeks away at best), but that's nothing to bet the farm on. The bottom line is that they are a real company, selling tangible goods, which is better than most of these penny stocks on this board.
I'm sure he was referring to the positive ones.
I was happy to get out at a $1 last week. It would have been nice to recoup more money, but hanging on for a day like today would be too much of a gamble. In the end we all know where this thing is headed. It's just sad that there is now a brand new group of investors ready to get hosed.
I thought I was hallucinating until my sell actually went through.
Please note that the market cap went from 242,000 to over 20,000,000 because Matt paid his debt to himself and his buddies in worthless shares.
The stock price is at a $1 because he is the majority owner and not selling. If those shares were in the hands of the public it would be at .00000000000000001 cents. It's very simple.
Since some moron had a $1 bid in today, I was able to offload 600 at a loss of only 75%, compared to 99% loss a few months ago. I'm like a kid in a candy store right now. If you think they are worth something, then please put in a bid at $1 again so I can offload my last 25 shares and never have to look at such a worthless stock on my Scottrade account.
BullsEye, you've been hyping this thing for a long time. In case you forgot, the split took the share count down from over 200,000,000 shares to 200,000. Basically .004 to $4, then magically during the two week "trading halt" it went down to around $1.50 on zero volume. you are correct, within a couple months after the split it dropped down to .05, where it should be. With another touch of magic the value went to $1.1 where it is today. Oh yeah, lets also not forget the share count is now over 20,000,000, making this a $20,000,000 market cap company. 20 mil and no product or notable revenue.
The newly printed shares went to pay Matt for all his hard work and effort leading this productless company out of the ashes. I'm sure in the next few months we will see some PR indicating that these worthless shares were used to pay off debt or lure some new sucker investor. Since Matt holds all the shares it's no surprise that it's artificially inflated to over a $1. if the shares were in the open market it would be less than a penny.
All the while, this is somehow legal. Please explain to me how this is legit?
Nicosia is probably paying his friends to trade their shares back and forth. otherwise I have no clue. The only thing of monetary value with this company is his paycheck.
It just leaves me speechless. At some point, the bottom has to fall out, he's been ripping off investors for so long with every venture he touches. How about that Regenca dividend? Almost 3 years later and still no ability to trade the shares, now Regeneca is worthless and he's retreated back to vivk to rip off a whole new set of investors. As soon as this this tanks he'll be right on to another shell to hide in. Or better yet, regeneca will magically come back to life.
Think about it... vivk went from a share count of about 225,000,000 down to 225,000 through the 1000:1 reverse split and now it's back to 20,200,000 without a forward split. He just printed more shares for himself and took ours. 9 million market cap... this is the biggest scam ever. It's basically going bk without filing for it. How is this even legal!?!?!? Not to mention Jimmy Short works for him, so you know it can't be legit.
My best guess is that eventually he will screw over the wrong person and will have nowhere to run. Too many people have lost much more money than me for this to go uncontested.
You're sounding pretty optimistic. You posted two articles to the stickies section, one being a dividend we never really received (only unsellable restricted shares), then second was a LOI that never happened.
What makes you so positive on this one?
Yeah, I only wonder how long Sawyer can keep saying he's close to selling the EFS acreage. Close to him must mean close to never. Search youtube for "Lucas Energy" and watch the SNN video. If my fuzzy math is correct we are at approx 120 days from him saying it should be sold in 60-120 days. If he doesn't have a definite date of sale at the shareholder meeting, $1.40 is a bout twice as much as this thing will be worth.
I'm still deciding what's worse... the fact that you even ask why someone believes anything relating to Matt Nicosia is a scam or that he is bold enough to actually do it again.
Just read anything on this board.
Matt has failed at every endeavor he has ever attempted. Why do you think he hasn't posted VIVK financials since 2010? Quite simply, there are none. He bilks shareholders to finance his salary, then the company goes away. Just read this article if you need further proof of how full of $h!^ he is.
http://www.livetradingnews.com/vivakor-inc-pinkvivk-looks-set-for-success-86301.htm#.UGiuT1ElqSp
It's probably even written by Matt because it calls him a revenue producer. Show me one financial document over the course of any of Matt's endeavors that indicate he ever led a company to any profitability, whatsoever. There are none. In addition to him being a total failure, he's also a criminal who just hasn't been caught. One day his greed will catch up with him, I'm sure of it.
The real idiot is the one who bought a worthless stock for .06! I'd hardly call that a value buy.
That's exactly my point. They are in my account in eternal restriction. I don't understand the difference between being restricted and not having them at all.
My lawyer told me to get over it. Without any solid proof of a scam (like a whistle blower from inside) there is nothing he can help me with. The only bright side is when I finally bite the bullet and sell I'll have a nice tax write off.
The part that still puzzles me is the RGNA dividend we'll never see. That alone should be enough to sue over. Oh well, lesson learned... last penny I'll ever buy.
Did anyone notice the Vivakor website updates?
I bet slicosia is planning his next VIVK pump and dump, pump and dilute as I write this. If you check out the site, they have more BS than ever. In particular, check out the products section.
One of my favorite lines was, "Vivakor’s International technology holding division holds technologies in the areas of solar energy for personal portable use, sports mountain technology, and many high margin proprietary concepts that help one “Live life to the Core”."
High margin proprietary products? If they had any margin wouldn't they actually be profitable?
There is a phone number that leads to a voice mailbox that is not set up. They even post a physical address. It also shows there are employees besides Matt, but the description of him really takes the cake...
"Matt Nicosia – Chairman of the Board. Mr. Nicosia is one of those rare businessmen who combine top management skills with true entrepreneurship to inspire, challenge and motivate business partners".
Are you effing kidding!?! Wow!
Come on Atlanta, give him a break. Just because his last two companies were pump-n-dump scams doesn't mean this one is. Clearly, this is a legitimate multilevel marketing of boner pills. Now, not only can you buy his stock, you can also buy your own independent mini-ponzi from him... brilliant!
Thanks Seveb33! First, I want to disclose that he is a personal acquaintance and at this point I am not paying for his help. You could say this is very preliminary, but we have to start somewhere. He specializes in class action suits and wanted to look into this situation further. I gave him a synopsis of the basic facts. After he heard the story he felt compelled to do more research and determine what, if anything can be done. Once he gets back to me I'll let him know that there are other investors like yourself with more specific info. I'm not trying to pull a kingfish, as I know all clues are important, but I don't want to disclose his contact info until he tells me it's worth pursuing.
Thanks,
Lawsuit
Anyone care to pursue a lawsuit, with the exception of kingfisher AKA Matt Nicosia? I am speaking with a lawyer who specializes in class-action lawsuits. He has begun to research Matt and his past dealings... He may very well come back and tell me I have no case, but i figure it's worth a shot.
Thanks,
2/16/11
I really appreciate you following through with the lawyers, but do you really think anything will happen? I feel like we'd have more success if we lobbied our congressman for stricter laws to regulate these types of shell companies. After all my numerous complaints to FINRA, FTC, SEC and every other number that I was referred to, I've just about given up. Nobody cares... the system has a severe flaw that allows people like Nicosia to prosper. There are no laws that say statements in PR have to happen. Even if we got our RGNA shares, they will be worth nothing. Our restricted shares are probably the only reason the stock hasn't hit .0001 like VIVK... I'm sure that's why they won't give us a date they will be tradeable.
Matt should feel lucky that investors haven't found him... the judicial system should be the least of his worries.
Yeah my Scottrade account also shows them as EETH even though they are really supposed to be ETEV. Scottrade creates their own "internal" symbol for restricted shares/dividends. However, they will be changing the ticker symbol soon to reflect the regeneca merge.
In the end what the fuck does it matter anyway... they'll never be tradeable. James Short says they will be unrestricted on 12/6/2011, but I know he just pulled that date out of his ass.
Generally speaking if a suit is initiated, the lawyer will contact every shareholder effected by the alleged crime. If nothing else than just to inform the class of the suit, or to rally more support. I'm still waiting for my letter.
If someone can present real evidence proving this crime that we all know transpired, I may be swayed to join in. I'm over recovering my investment, but wouldn't mind spending a few bucks sending Matt to jail. At the very least, I would get satisfaction educating prospective ETEV investors about the imminent loss they are facing.
In this case, I don't think enough people will bite the nose off to spite the face. Most just learn the lesson and move on. It's really too bad because this guy deserves to be in jail.
KingFisher have you hired an attorney?
Sign me up!
It's clear that Matt has a pattern of running ventures right into the ground. Each time he has walked away unscathed, in a new suit with a new BS pitch. This thing smells like an episode of American Greed... Now were just stuck at commercial waiting for the last 10 minutes. Same ending every time.
You don't have to try very hard to find a great deal of information outlining the type of scam he pulled. We were rope-a-doped with a classic pump and dump. We received the standard issue, no lube, dry as a bone, take it up the ass variety.
Circumstantially speaking it's clear as day as to what occurred here. The tricky thing is actually having the evidence to prove the PR was false. I would love to know just how much evidence is required to prove this scam occurred. What ever happened to the LOI for 3 million? Searching for the PR that announced the Resolution deal was off was like finding a needle in a haystack. The release might have well been published in a elementary school quarterly PTA newsletter. How come when good news is announced its on every major data feed on the web, yet bad news is in a school newspaper?
Check out the links on pump and dump scams... It's like reading the A&E biography of Vivakor. Also make sure to check out the video of Matt pitching Regeneca... He's such an effing douche bag! If this video were around 6 months ago when I started buying my shares I would be a richer man today.
Maybe just a coincidence, but don't all Nicosia's companies have the same fate? How's Health America doing? We all know whats happening to Vivascam, now just watch Regeneca follow in the same footsteps.
Not to forget about that fuck face James Short... The Regeneca investor Relations phone number goes to his cell phone. Can't you guys afford an IVR system so you can just screen your calls to voicemail? Try calling (866) 925-9553 for a good laugh. Short does a great job sounding like a dumb fuck without any effort at all. Ask him for Matt's extension.
At some point they will have to answer for their fraudulent business practices. No matter what the disclaimer says, "anticipates, expects, intends, plans, estimates, believes, may, should, could or would", it's still against the law to pump and dump.
The more complaints that are filed with the SEC and NASD, the better the chance we have of actually bringing these bottom feeding scum to justice.
Many people just say to hell with it, but I know there are enough of us that have been burned by these crooks to make some waves. Wouldn't you like to see them go to jail for ripping you off?
Any takers, hit me up?
I just spoke with a Scottrade rep and they told me all quotes are incorrect until the MM makes the first trade with the new symbol. So there is still a chance it will open at 1.40. They also said It looks like it will probably be trading tomorrow morning, so keep a close eye on it.
My shares officially split in my Scottrade account...
My 605,000 shares are now 605 valued at .51 cents each. The price still shows up as .0014 on the quote, but the total value of my shares is $308 which means they're worth .51 cents.
Can someone please explain how shares can go from $1.40 (.0014 pre split) to .51 cents (post split)on zero volume? Does anyone else show something similar in their account?
It's amazing that companies can get away with this type of blatant thievery from shareholders.
Bad lesson learned and another sad day in Viviscam history.
GLTA!
And .0033, .0032, .0031, .0030, .0029 & everything else above .0008...
.0008 answers that question...
This thing is toast
Can a stock trade below it's par value? If I understand correct a share cannot be traded below it's par value. VIVKs par value is listed at .001. My guess is that old St slick nick arranged the reverse split so he could sell the company well below it's par value. So maybe it's a good thing the deal fell through... He was probably trying to sell it for .00001. Once the stock reverses and plummets back to .001 he will go bk, guaranteed. At this point I would settle for a couple complementary cases of vivablend... I heard that stuff is the shit.
Anyone watching his new boner pill company tank everyday? By the time the dividend is unrestricted it will be worth less than VIVK. The only thing we can look forward to is this peice of shit going to jail.
At least we have a parting gift...
A very nice tax write off for 2011! Thanks slickosia, you piece of $h!t!
When you say soon, do you mean December 6, 2011? According to James Short of Regeneca, that's when they'll be tradable.
This might not be as bad as it smells. I had a very similar investment with Pacific Capital Bancorp (PCBC) this last year. At one time, this bank was the most prominent and successful regional in California, trading for $35 per share. A week prior to the Fed shutting them down a private investor purchased the lifeless shell for .20 cents per share. Within a few months the pps that was just over $1 at time of purchase announcement (down from $35, three years prior)slowly drifted down to .22. Shortly after the buyout a 100/1 reverse split was announced and the pps went from .22 to the mid .30s. By the time it officially split the price was at .30, converting to 30.00 post 100/1 reverse split.
Mostly as a gesture to appease the long term shareholders (many of whom purchased at the peak around $35), PCBC offered rights to purchase 15 shares @ .20 for every share held prior to the buyout. The offering commenced just before the split.
Many folks like myself did a double down and took advantage of these cheap shares from the rights offering to drastically lower our average cost. In the end (with much patience) I more than doubled my investment.
I'm no longer holding, but I still keep an eye on it. After about 4 months since the split, the price has held very nicely between $29-31.
Now back to our turd, I mean stock... I find some parallels between the two (no pun).
The ETEV dividend may be a similar gesture of good faith to the long term share holders. This gives them a chance to reclaim some of their lost investment in the VERY long run. I can imagine that boner pills are not going away anytime soon... if these are the real deal, Regeneca may be worth far more than .05 in years to come. This isn't exactly a double down, rather a small insurance policy.
As lousy a move as a 1000/1 reverse is, I'm trying to stay optimistic that it was only done to consummate the deal with Resolution. Undoubtedly they are worth far more than Vivascam ever was or will be. They actually have products, go figure? I can't imagine them making an IPO at .002 with some 242 million outstanding. They're in it to make money for themselves first, then us if we're lucky. The higher pps will attract more buying from real investors. It will also eliminate all the liquidity that us penny pushers love.
In the end, with a great deal of patience this may pay off. Not Opera rich, maybe just Jerry Springer status, but I'll take it.
At this point if the price stays the same, I'm holding... if it drops significantly before the split I'm going for the balseyest double of my life.
Or...
The slickster cancels the deal and does nothing until the next reverse split.
That's my .0022 cents!
How do you know Resolution is backing out?
I agree. Regardless of the price drop over the last week or so, buyers are accumulating shares. There can only be two reasons, either someone knows good info or a bunch of people know nothing at all.