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Tell that to guys who are owed more than $10,000 and see how happy they are with that response.
<The August BOD shake-up is more or less just a
procedural issue.>
Smite,
Just curious. Since you said that Valcom told you they need both sides to approve invoices over $10,000 , is it possible to re-invoice your work and send multiple invoices of $9,999 etc. so you can get yourself paid?
Or is the real problem in your opinion that Valcom just doesn't have any money to pay anyone (except maybe Vince and Ingrid)?
Thanks,
TP
<its not like they told everyone on this board when the 10-k would be out they told a couple and they told everyone.>
And therein lies the problem with Valcom. They always seem to tell a few people beforehand. Some people on this board have access to certain information that others cannot get. Ingrid gets the blame in my book because she chooses to converse by e-mail with some message board posters. She made the decision in early December to tell daylibiz and paulsbest that the 10-K would be out on 12/28. And she kept repeating that when pressed as late as last week.
Some people get the good news before others, some people get the bad news before others. Not by PR's, but by private e-mails.
And this doesn't bother some of you?
It's going to be pure entertainment to read about the revisionist history by some on this board about the 10-K date and then read the spin justifying the delay as a good thing as if Vince was holding back big news that he couldn't release today to the market.
IMO, Vince is in Las Vegas enjoying his vacation on your dime. That's the news you're not reading.
TP
Nagoya,
Since we don't know each other, for all I know you could be the market maker on this stock or i could be the market maker. One of the German's posting could the market maker on that exchange....so we let results speak to us and let the investors do their thing...one thing i do know is that the market makers are foaming at the mouth to make sure they extract their pound of flesh from all those so emotionally involved.
You can correct me all you want if you allow me to do the same.
TP
Has it dawned on any of the Americans that the reason why you are seeing so much German interest today is that Germans get first crack at trading Valcom on Friday (assuming 10-K is released after the close today). The Germans are in the position to unload shares ahead of you guys.
Ask yourself another question. Many of you are predicting are share price rise up to .15 - .20 , yet no one seems to be buying at the .048 level today. Here is a sure triple in your eyes but no one is taking the risk. I'm sure everybody will say that they have enough shares at .03 and below, but if you are SO sure, it would be a no brainer, right?
The highly anticipated 10-K is expected to be released today.
Whatever the results, I expect it to be a highly entertaining read. It will provide us a glimpse into comparing results with prior promises. I for one am not convinced that any reported results can be trusted unless i see audited returns as Valcom has played loose with their numbers before.
I am most interested in the board of directors fight,whether Manning has been the source of shares that have sold, the outstanding share count, if a buyback was done, whether any past royalties were collected, what happened with the MJ movie and supposed DVD sales, and iTunes sales.
As you can see I'm more concerned about actual results rather than more promises for the future. I sure we'll hear about more potential sources of revenue, another attempt at online/TV foreclosure auctions, and The Roys TV deal, and how the future remains as bright as ever.
Good luck,
TP
TP
Merry Christmas!
to everyone on this board...even to my haters and Vince and Ingrid.
Don't sweat the small stuff cause everything is small stuff, even the entertainment on this board.
Nothing is personal.
TP
ok. I found it ...but your search on itunes does not bring up the song directly...you still have too look for it within the Turner songs listed. I show it was released 9/6.
So if you have a song that is difficult to find in searches AND you don't know about it the first place (other than this board), how is Valcom going to make any money?
This should be a learning experience for them. If they sell 5,000 downloads, they should be throwing a party in FL with the $2500 they make. I think they will sell far less since there are already free mp3 files available.
Man of my word...no more posts on this board. Back to Yahoo where I can still find some of you.
Good luck drinking Vince's kool aid. He's kept Valcom on life support for 20 years. I'm sure he'll find a way to keep it going 20 more years.
Hope you all get $1 pps so you can rub it in my face.
TP
I couldn't let this post go by without replying to it.
If anyone can find Ike and Tina Turner's "A Fool For a Fool" on iTunes right now, then I'll shut up forever on this board.
It does not exist on iTunes, despite what Valcom says. And Valcom HAS said that this song has been released on iTunes. There are hundreds of Ike and Tina song choices n iTunes but not the one that Valcom claims is there.
The only place I've found this song is on a FREE mp3 courtesy of another poster on the Yahoo board.
http://beemp3.com/download.php?file=7468301&song=A+Fool+For+A+Fool+Wb+5433
I wonder what Ingrid has to say about this?
TP
<Ike and tina turner was the only release so far under Ike and Tina Songs, Young Mc with Platters has not been released yet according to Ingrid whom I spoke to on Friday last week. thats all I know about so far. you can call Ingrid Direct and ask her investor relations.>
Let's see ...VLCO has 25 years of futility in it's history....it's changed it's business plan a dozen times, it finds new investors to buy into their BS and those investors continually wonder why the stock trades at 5 cents?
I can spend countless posts with proven facts that Valcom will never be the company that some of you are dreaming of.
As long as there are dreamers, there are companies like Valcom who will take advantage of every one of you as the have proven time and time again. The shareholders will be the last ones to know anything as has been proven time and time again since I came on this board.
No more to add to the board as some people can't stomach anything negative that is said about their beloved company.
So let's go dig in the 10-K and see what options Vince was set to receive and at what price.
May have to go back many years.
I still believe he didn't pay anything or maybe .001 per share at the most.
TP
Other info buried in the 6/30/11 10-Q:
This explains the late filing.
Pursuant to Rule 13a-15(b) under the Exchange Act, the Company carried out an evaluation with the participation of the Company’s management, including Vince Vellardita, the Company’s Chief Executive Officer and Chief Financial Officer (“CEO/CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the three months ended June 30, 2011. Based upon that evaluation, the Company’s CEO /CFO concluded that the Company’s disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, incl uding the Company’s CEO /CFO, as appropriate, to allow timely decisions regarding required disclosure.
Now remember Vince was awarded 3 million _ shares on 5/1/11
On May 11, 2011 the Company held a Shareholders meeting to approve the election of the following members to the Board of Directors of the Company: Vince Vellardita, Chairman of the Board of Directors; Frank O’Donnell, Director; Timothy Harrington, Director; Silvana Costa Manning, Director; and Michael Vredegoor, Director. Finally the shareholders voted approval of an additional amendment to the Company’s Certificate of Incorporation allowing for a reverse stock split of the outstanding shares of the Company’s Common Stock at a ratio of either: one-for-two, one-for-five, one-for-ten, or one-for-twenty to be determined by the Board of Directors of the Company without further approval from the shareholders. With respect to the items on the proxy, a majority of shareholders of the Company voted in favor of the appointment of the Board of Directors, the discretionary authority to effect a reverse stock split, and the appointment of Labrozzi & Company, PA as auditors of the Company for the fiscal year commencing December 31, 2010.
A lot of material things happened before the 6/30/11 10-Q filing that were not disclosed. The shareholders will always be the last to know and it's always your money that will be lost.
Whatever is a perfect response from you trademeister.....
You believe in the company and Vince. I do not. Simple as that.
If you notice in the Form 4 it lists Code J.
J – Other acquisition or disposition (transaction described in footnotes).
So where on the form is the footnotes? It's not there. So Vince left something off the Form 4 like "stock was awarded as part of XXX".
Vince didn't spend one dime of his money on these shares. Some of you are very gullible if you believe he did. Why would he wait for the stock to reach .10 -.13 to buy when he could have been buying all year long between .03 and .06?
Thank you for this information.
The filing was late as usual.
Vince was awarded 3 million + shares on May 1. An additional 5 million shares was awarded on August 12th.
I don't recall seeing the 3 million shares disclosed on the 10-Q. It wasn't discussed, but it may have been buried in there.
Certainly that's 8 million more shares of dilution at a time the company is telling you that there won't be any more dilution.
The filing does not say that Vince actually spent any of his own money. The filing lists "0" as price paid.
I think Vince was "awarded" all of this stock for either getting the stock to 10 cents or in conjunction with the struggle for the company where these new shares tipped the balance of power.
If you notice in the Form 4 it lists Code J.
J – Other acquisition or disposition (transaction described in footnotes).
So where on the form is the footnotes? It's not there. So Vince left something off the Form 4 like "stock was awarded as part of XXX".
Vince didn't spend one dime of his money on these shares. Some of you are very gullible if you believe he did. Why would he wait for the stock to reach .10 -.13 to buy when he could have been buying all year long between .03 and .06?
Valcom has said A LOT of things in the past that never came to fruition. Many deals that were announced only to be terminated months later.
So just because Valcom said that $200K would be used to buyback stock doesn't mean that it is actually going to happen. The idea in penny land is to create the perception that it COULD happen.
Is there some sort of halt on the stock this morning?
Only 1300 shares traded in the first 45 minutes?
Hardly anybody posting as well. Wonder if most of the posters live in the northeast?
Hope you guys are safe!
This company is not worth $150 - 300 million so i think buyout offers at the price you mentioned are very optimistic.
<So if Vince takes a buyout offer say for a buck or two>
Patrick Willemsen...no hurry to change LinkedIn profile:
http://www.linkedin.com/profile/view?id=17879600&authType=name&authToken=s86J&locale=en_US&pvs=pp&trk=ppro_viewmore
I guess the next step is to e-mail Mr. Willemsen at a non-Valcom e-mail address and ask him if he is the President of Valcom.
Let me congratulate you guys on doing some real detective work.
I think you proved to me that Vince was not fired.
However, the uncertainty remains about who is really in control of the entity and if legal action is going to tie up this company for awhile.
Guess we will have to wait and see.
TP
If true...that's the type of sleuthing I'm talking about.
Someone here didn't take the 8-K at face value and had the expertise to dig in the right areas to find more information.
If more poeple can apply that to all of Valcom's PR, then you wouldn't hear a peep out of me.
Good job wharphrat!
<"The second 8-K shows "Jonathan Shechter" is the author, in the metadata:>
If you found out that Rathod's groups were short selling VLCO in the past two weeks, would you be happy or angry?
Rathod has been involved with Valcom since Nov 2010 and you guys are only discovering it yesterday.
Wow..some of you guys are really sensitive...you can't even see sarcasm if it hits you in the face.
Cleaning lady...you guys take things way too literally.
The claims of doing due diligence by some on this board are laughable. Why is it I've come up with so many new facts about this company in just a few weeks than you guys were unable to uncover in six months?
It's like some on this board never tried Googling the key players at Valcom. The MJ movie title was a perfect example. Rathod, Solomed, Asia Pacific. The Platters last album sales, real estate auctions, Michael Legrand TV concert revenue are other examples of lack of research...the company stretched or omitted the truth about all these items and no one bothered to check to see if Valcom was telling the truth except for me.
Making the calls to management and believing everything they say is one thing but following up and verifying what they said is the real detective work.
TP
When was that e-mail dated?
Is Ingrid still part of the team?
When someone called Valcom today and said they spoke to some lady but didn't get their name, it's like not inserting a link to a web page. They could have been talking to the cleaning lady for all we know.
Wow leandro...smashing the messsenger!!
If you had taken one minute to anallyze this company you wouldn't be in the mess you are right now.
Google: Rathod....take a look at Solomed, Asia Pacific...
Then Google: Rathod stock promotion
Some of you guys say you've done research on this company? I don't want the scope of your research is but I can tell you that some of you drank the Kool Aid many times over and then are getting angry at me because i said the emporer has no clothes.
<No, your original post is still speculation. You have zero clue on whats really going on. You have been 100% bash in your pitiful 25 post history. Account created just to bash, you shorting it?>
I think what I stated in my original post is still true.
The insiders of the company have split into two camps. Those that are with Vince and those that are not with Vince.
The legal drama here has just started. With legal drama comes uncertainty. With uncertainty comes a stagnant or falling stock price as no one wants to risk money not knowing who is in charge.
These things usually take years to work out.
I sure hope posters on this board don't all of sudden condemn Vince saying he wasn't the right guy for the job, especially since the previous few thousand posts had nothing but complimentary things to say about the guy and his background.
There have been a few of us that didn't agree with the way Vince worded press releases but it appears he at least tried to do something with this company.
<It looks like Vince tried to pull a fast one over the existing board and ended up getting fired for trying to put in his own board. This makes me think Vince is not the right guy to run this company and based on the resume posted in the 8K for Patrick Willemsen, he seems to have a quality background and good experience in growing companies including international expansion.>
Based upon today's filings you may have to take this Q & A session with a grain of salt.
TP
Vince has been fired...read news
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8115574-1149-7581&type=sect&TabIndex=2&companyid=9104&ppu=%252fdefault.aspx%253fcik%253d1013453
Now that's bad news to some folks around here.
Here's the link to that news:
http://biz.yahoo.com/e/110824/vlco.pk8-k.html
re: Rathod ...you had to figure he was going to get a board seat or two...after all his fund is loaning all the money..
Surprised that Sylvania Manning was removed ...doesn't she own a good % of stock?
I'm not sure how to view these changes...as a shareholder it would be a negative because the company has made it a point in the past to highlight the outgoing directors accomplishments and worth to the company. But Rathod has a history of stock promotions within his funds, Solomed and Asia Pacific, and it might pave the way for more of these promotions to happen for VLCO without having Manning, Harrington , and Vredegoor stand up in opposition.
Based upon the number of shares that Rathod owns (common and preferred) all it probably took was for him to vote his shares NO to get rid of the three directors and YES to vote himself (or his family members) in.
from most recent 10-Q paying vendors w/shares:
Stock for services:
During fiscal year 2008, we granted 6,595,000 shares of common stock for various services. These shares vested immediately and had an aggregate fair value of $937,600, which was recorded as share-based compensation. The fair value was determined based on the quoted stock price on the date of grant.
During fiscal year 2009, we granted 3,532,059 shares of common stock for various services. These shares vested immediately and had an aggregate fair value of $287,447, which was recorded as share-based compensation. The fair value was determined based on the quoted stock price on the date of grant.
During fiscal year 2010, 9,454,000 common shares have been issued for services valued at $459,246.
The Company retired twenty million shares of common stock effective November 15, 2010. The shares were issued as restricted shares in anticipation of a private financing that never took effect. The certificate for these shares was never out of the personal control of the Company’s management.
In February 2011, the Company amended its Articles of Incorporation authorizing an additional 250,000,000 shares.
Stock for debt
Stock for acquisition
--------------------------------------------------------------------------------
On December 15, 2008, we purchased 100% of the outstanding shares of FaithTV, LLC. In connection with the acquisition, we issued 1,500,000 shares of common stock, in aggregate, valued at $67,500 based on the Company's quoted stock price. We also issued 100,000 shares of preferred stock valued at $9,000.
Stock for registration rights penalty
On April 17, 2009, we issued 1,191,000 shares of common stock to settle certain registration rights penalty associated with warrants issued in prior years.
re: MJ Movie
You can start with the Wikipedia entry...
http://en.wikipedia.org/wiki/Miss_Cast_Away_and_the_Island_Girls
with regard to the MJ movie,... she stated that it was still in the production process (at least in some stage), I don't know where the title you referred to came from, but I do know that she said they haven't locked down on a title yet.
re: Dilution
Valcom is diluting their stock every time it pays a vendor in stock rather than in cash.
Is Ingrid saying that Valcom is no longer going to pay vendors in stock or is she just referring to having to raise money via private placements?
re: MJ movie
So they plan on retitling the movie? Great idea because everyone knows what a bad title Miss Castaway and the Island Girls is. I wonder if they'll plan on letting their advertisers know about the change in title.
re: Contracts
Wonder what the terms of those contracts are and how much can be recognized in each quarter OR if full amount will be recognized up front?
I think you know the answer to that question already.
<It's damn quiet here, did everyone and their grandma sell already?>
<You've made this very easy to report.>[color=red][/color]
Who are you going to report this to?
How many libelous things have been posted on this board from the bull side? Everything said on this board should be treated as an opinion unless your quoting from a PR or an SEC filing.
TP
<trademeister says:
Your negativity leaves little room for
intelligent dialogue. GLTU>
It's always good to have a devil's advocate on this board.
After all, who will you have to beat up on if the stock price rises?
Just because my opinions don't match yours, it doesn't mean that they are wrong.
Negativity = reality right now.
Always trying to find the good in Valcom PR's = hope.
Trade what you see, not what you want to see.
TP
1. No one knows the terms of these contract yet. Could be 36 or 60 months terms. Value of contracts will spread out amongst the term. Term could even be for one year with an option for additioanl years.
2. Again, it's only your opinion that assets are worth .15 to .75 per share . I believe otherwise.
3. With this library, I think Netflix is a pipe dream.
4. I think dividends is a pipe dream.
5. Calling the management team, directors, and financial backers "top notch" is bit of an overstatement don't you think? IBM, Exxon, Catapillar would be top notch. I think your opinion is slanted because you have made money on this stock.
6. My Family Network worth several hundred million in a few years?? What do you define as a few years? Two, five , ten , twenty. I think that you are forgetting that it costs a lot to maintain their production studios. Others networks will be grabing the lion's share of current programming leaving only the unwanted scraps for Valcom.
7. My opinion is that IF Valcom ever does make it, it will become a personal piggybank for it's financial backers and I do not mean stockholders.
<"...Close to $1,000,000 in "NET" contracts not
recognizable in 3rd quarter that will be booked
in the next quarter..."
Assets very conservatively listed at $.15 per share
(but could be worth $.75 or more);
-Debt has been reduced $300,000;
-My Family Network to expand into major markets in
fall (resulting in inccreased advertising rates);
-Monetization of library assets has begun, with
possibly 50 record deals by year-end, joint ventures
arranged by Valencia, (NETFLIX?) etc.etc.
-Collection of delinquent royalties may result in
$ 1-5million income (possibly distributed as dividends);
-Financing is in place for expansion;
-Top notch management, directors and financial
backers;
-Exciting industry which is experiencing revolutionary changes
(streaming media);
Did I leave something out?
If anyone knows a better deal in Pinkieland please
let me know... Worth only $.06?!!!! I think not...JMO
And oh yes, My Family Network now has no debt and
may be worth several hundred million dollars in a
couple of years...>
This is a perfect example of how a Valcom press release states one thing and the 10-Q states something else.
Are shareholders supposed to believe the press release or the 10-Q? If one is right the other is wrong. If they changed their mind on how to use the funds between the PR date and the 10-Q date, they should have made a note of that in the 10-Q like they did with other things such as the R.E. auctions, and the pending contracts.
This is why it's best to tippy toe around this stock. Just because it's said in a press release or a 10-Q doesn't mean that it's 100% true with the penny stocks.
The TRI-PARTNERS, LLC funds will be used to:
•Assist in financing the process to transfer ValCom's Library to digital media which is already underway, but will now be expedited.
•Assist in funding the collection process of royalties due ValCom from ASCAP and BMI, which will now be greatly enhanced with dedicated funding for this specific expense.
http://finance.yahoo.com/news/ValCom-Building-Stockpile-of-prnews-4087528624.html?x=0&.v=1
Bucks4Buckeyes:
It appears that I will have to retract my retraction now that Trademeister directed me to where i read that statement.
http://finance.yahoo.com/news/ValCom-Building-Stockpile-of-prnews-4087528624.html?x=0&.v=1
<It appears that Valcom is using some of the $600K from Tri-Partners to assist in funding the collection process of royalties due ValCom from ASCAP and BMI>
CLEARWATER, Fla., June 14, 2011 /PRNewswire/ -- ValCom, Inc. (VLCO.PK) announced today that subject to the Board of Directors' approval, it will enter into a financing agreement with TRI-PARTNERS, LLC, a New Jersey based company, which has committed to loaning ValCom $600,000.
In recent weeks, ValCom has announced that it will dramatically increase the amount of operating capital available to the company through lines of credit and royalties that are due to the company.
The TRI-PARTNERS, LLC funds will be used to:
•Assist in financing the process to transfer ValCom's Library to digital media which is already underway, but will now be expedited.
•Assist in funding the collection process of royalties due ValCom from ASCAP and BMI, which will now be greatly enhanced with dedicated funding for this specific expense.
Vince Vellardita, CEO of ValCom, stated, "We welcome the vote of confidence shown by the members of TRI-PARTNERS, LLC. This loan agreement will give ValCom a total of $3.6 million in new financing arrangements. Coupled with the potential collection of unpaid royalties due from ASCAP and BMI of up to an estimated $5 million the company will have sufficient capital available to satisfy both short and long-term goals. With ValCom already showing profits, contracts tied into the use of the ValCom library, and the continued implementation of the business plan, the company is in the right position to succeed and is poised to create further shareholder value. Next on our agenda is a share buy-back program which we now plan to implement, plus we're considering providing a dividend to ValCom shareholders once the company's debt is retired."
A spokesperson for TRI-PARTNERS, Tim Harrington, stated, "My partners, Silvana and Greg Manning, and I are committed to seeing ValCom succeed in its goal to monetize its important library of motion pictures, TV series, and music. To do this without delay the company needs to promptly digitize this Library, which requires significant capital. The library's appraiser has stated that up to $5 million in royalties may be available from ASCAP and BMI. The financing from TRI-PARTNERS will also be used to facilitate collection of these monies due ValCom."
So it appears that I was right and you owe me and the board an apology.
VLCO did state that they were gonna use some of
the $600,000 for collecting royalties. My assumption is
that this will be for legal expenses.>
Trade:
Please post that link so Bucks4Buckeyes can read it.
TP