Any NEWS concerning VALCOM?

As far as i know the company could be re-listed again by OCT or Nov this year. The filings are in preparation. However, I can not offer a source for that, just vague information from other message boards.

I guess, a re-listing is quite certain, since various bigger shareholders will not resign their invested money. In addition, they must be a reason, why they hired Mrs. Barbara Kane-Burke.

http://www.linkedin.com/in/barbarakaneburke

I do not get it to a 100%, but it seems that VV is still owning a fair amount of the assets and took them over to his new "Employer".

"Mr. Vellardita transferred various film and music assets controlled by him in consideration of Seven Arts agreeing to issue to him shares equal to 20% of its common stock, which as of March 29, 2013, would be equivalent to 20% of its issued and outstanding shares. These assets will be described in greater detail in future releases but will include over 75 previously released feature films, several hundred additional TV titles and interests in over 1,000 individual music or sound recording copyrights. Seven Arts intends to deploy these assets in domestic and international expression of its digital and television distribution of feature films and television programs. Seven Arts, through SAMT, will seek to enter the business of producing and distribution television series through a joint venture with Prodigy Pictures, which will be the subject of a separate release."


Source:
http://www.ariva.de/news/Seven-Arts-Announces-Appointment-Of-Vince-Vellardita-As-Chairman-Of-The-Board-And-As-President-And-CEO-Of-Seven-Arts-Music-And-Television-4491753

Or did he buy some of the assets? (what I somehow doubt)
Any comments?

Thank you and best regards

Certainly, something is going on in the background as in any other company as well.

However, this means nothing. I am able to connect dots, if I receive substantial information. It is ok, that Mr. Lehmann aquires more and more shares, and MyFamilyTV expands, but that is not enough information for me.

I need audited numbers, since numbers are hard facts. In addition, it would be nice to receive/read a business plan for the following years. Maybe they will sell the company, or they won't. Just like looking into a crystal ball.

Nobody can live with assumptions only. Can you?

Thank you and best regards

Smite, it was clear that those titles are the once which had been held back by you. Now everything seems to be payed. Probably the library is now complete again.

Good for you that you received your money. Congratulations!

Anyhow, the value of those tracks is recognizable in my opinion.

Best regards

Well at least C.R. Lehmann seems to be a well-known and admired person. I have checked the homepage of the Income Security Advisor, and also the performances of some funds. Not too bad actually, since in avarage he has beaten the marked the last 10 years. Please note, that less then 20% of all funds beat the marked constantly.

In addition, he has some well known supporters:

http://www.isinewsletter.com/pdfs/MF_letter.pdf

Best regards

Indeed good news. Atr least the TH tries to reduce depts. Actually, a further step in the right direction. It took quite some time though...

Best regards

Well, the valuation of Facebook was definitely not based on hard financial facts like earnings, cash flow, enterprice value etc.

It was based on assumptions on the growth rate or business potential. (looking into the glass sphere again). I am still shocked and amused at the same time that people invest in a company, with a price-to- earnings value of 100 .

Anyhow, as long as valcom does not issue (revised) financial reports, this is a risky game with real money, and I am still in.

However, the rest of my portfolio is filled with fundamentally strong (after B. Graham and Buffett) companies, even though the annual return is only in the 10-15% range (average), but not in the x00% range.

Best regards

Please do not start to believe in chart analysis. This is like looking into a glass sphere. From such charts I neither see 0.16, nor any other price.

Unfortunately, fundamental analysis is not easily possible, since there is a shortage available recent financial reports.

Best regards

Well, I clearly confirmed that you just stated your opinion. I was just interested in the point of view of a person, who is more familiar with such kind of business than I am.

I do not consider this as consolidated information, but only as interpretation, and I do not claim any prove for your conclusions.

Mainly, this board is partly for sharing opinions/interpretations, but also true facts.

Thank you and best regards

Thank you very much for the reply. Well indeed the situation is not really promising currently. But the BOD does not need to know a lot about this kind of business. They need to know how to run a company and hire the experts.

The flow of infomration is very bad at the moment. Nevertheless, thank you very much for sharing your opinion.

Best regards

Pacal, if you already seem to know what is going on, please kindly share your knowledge as well. You have certainly a deeper insight in this kind of business, I suspect.

Thank you and best regards

Yesterday another FY ended for Valcom Inc. It is about time to see financials, isn't it? For the last FY the financials should be more clear for the current BOD.

One question:
Does a company which is listed on the stock marked need to file all financials in a row, e.g. does the company file all outstanding quarterly and annual reports in order, before they can file the next one?

I am not really into such regulations actually and kindly ask for your advice.

Thank you very much in advance.

Best regards

13:00 Livin La Vida with Stella and Stuart

When: Do, 13. September, 13:00 – 13:30

Description:
Take a high energy ride with the Colombian Goddess, Stella Vidal & The Food Genius, Stuart Warren Dansby, as this travel inspired, comedic, docudrama features out of the box Adventure, Fitness, Cuisine & Entertainment.

Link

The show is now scheduled as stated in the last press release. This is certainly a good sign. Not just promises, but also actions.

Well done.

I am looking forward to see more good news, and also the financials somewhen.

Best regards

Smite, did you already receive any compensation for the digitalization of library content. What happened to this case?

Thank you and best regards

Well, on German boards it is extensively discussed that the due reports from last year will be issued this week. Actually, most of the people expected them yesterday afterhours. I do not know, where this information came from, even though some have stated that the CEO confirmed it during a phone call.

Nevertheless, there is no evidence that those statements are true, since it can not be proven. Actually, I strongly doubt that such announcements are true, since in almost all of the last telephone calls TH stated that it will take even longer to overlook the financials (even longer than 60 days). But suddently, some people (especially people from day-trading platforms) start to spread such NEWS. It appears to me they are trying to push the stock.

But frankly speaking, I would not mind to see those reports this week.

What I am wondering about are the 250k shares packages which are sold into the bid each day for the last 7-10.days. It looks like some shares are shifted on purpose. Or is VV selling? Nevertheless, on the other side someone is accumulating those packages on a regular basis as well.

If it goes on with this speed it has to be reported soon.

best regards

From my point of view it seems that the company moves in a wrong direction. The "no-information" politics is absolutely not acceptable. It is not understandable, when such an "experienced" and "professional" BOD is not able to organize the mess caused by the former CEO.

I do not want to hear excuses all the time. I would like to see results, plans and schedules. Where is the progress in the development? What is the business status of MyFamilyTV. Just talking about assets all the time makes me tired.

MyFamilyTV is broadcasting, and it must generate some revenues, or even loses. At least, there must be some numbers.

If the BOD considers to sell the company, please let the shareholders participate in this information.

The new CFO had almost 4 weeks now to overlook the financials, and actually if the CFO is skilled enough, the numbers should already be extracted. This is not GE or Siemens, just Valcom Inc.


Best regards

Thanks for the information. I am just curious with who of Valcom Inc. are they in contact? In one of my last posts I stated that Mrs. Manning is not informed about any collaboration or agreement with "The Roys".

Best regards

Probably, I should write more messages here in order to provoke PRs.

Anyhow, interesting NEWS indeed. As already mentioned, the heart is still beating. It seems the Management is now more or less complete.

Thus, I am looking forward to see some progress in the business development. Time to focus on the on time release of reports in the future.

Best regards

Well, it seems that this stock is currently in sleep mode. I am still concerned about the insufficient flow of information here.

The new BOD should focus on at least giving updates on the current situation of Valcom.

Have they made progress in cleaning up the mess caused by VV?
Have they been successful with finding a canditate for the CFO position?
How is the collaboration with Microhits going?
etc....

Unfortunately, the stockholders are left in darkness.

Some German contacted Mr. T. Harrington and got some information. Would it be possible that someone from the native English speaking side calls the CEO, in order to aquire further information.

Thank you very much in advance and best regards

Some weeks ago, I have sent an email to Mrs. Manning asking some general questions concerning the current status of VALCOM Inc.:

She spent fairly a lot of time to answer me in the best way, without violating the restrictions to make inside information available for the public. There are not a lot of news, but at least I would like to forward the information to you.

Anyhow, here my message:

Von:
Gesendet:
Mittwoch, 30. Mai 2012 14:14:07
An:
silvana@valcom.tv

Dear Mrs. Manning,

I am writing you, in order to aquire further and up-to-date information about the current status of Valcom Inc.

The last year has been quite tubolent for most of the shareholders, including myself. And still a lot of issues are not solved. More than a few times I felt, I should sell my shares and leave those issues behind. However, I still believe that Valcom Inc. has a great potential to develop further. Thus, I refrained from selling. I am also aware of your current situation that you need a lot of time to clean up all the mess caused by the former board and CEO. It will take time, but since I am not a daytrader, but an investor, I have enough time.

I am willing to increase my position here, but therefore I need financial data to calculate, if an increased investment makes sence or not. In order to get a better overview about the current status of the company, I kindly ask you to provide at least brief answers to the following questions:

1.) Some months ago a collaboration with the band "The Roys" has been announced by the former CEO and has also been confirmed by the band itself. Is this collaboration still valid?

2.) In one of your first PRs after changing the BOD, you announced that you will put as much efforts as possible into the finalization of the still due 10-K an 10-Q. When will those reports be submitted and will those report be audited?

3.) Concerning the auditor, could you please indicate the name and contact data of the auditing company if possible? On the webpage of Valcom Inc. still the old Auditor information is depicted.

4.) In addition, the webpage has only partly been updated (e.g. contact). Will there be any efforts to update the webpage completely? VV is not the CEO of Valcom Inc. anylonger. Hence, there is no reason, why he is still listed as such on the webpage in some texts.

5.) Do you have any information, how many shares are currently outstanding? In the past, it became more and more unclear, how many shares are really outstanding, due to a shortage in flow of information from the former CEO and BOD.

6.) You also mentioned in one of the last PRs that you are already in contact with some companies in order to monetize the extensive valcom music and film library. Could you please advise the current status of those opportunities? Have any contracts been closed already or are close to realization?

I am aware of the fact that you must be quite busy currently, but in order to gain more trust again, I kindly ask you to use some of your time to answer my questions briefly.

I really appriciate your efforts to turn this "sleeping" gem into a profitable and reliable company.

Thank you very much in advance.

Sincerely,

********* *****
(German Shareholder of Valcom Inc.)

And here the answer:
Gesendet: Freitag, 1. Juni 2012 18:38:03

Dear Mr. *****,

Thank you for your email. I will answer you to the best of my ability but please understand that as with any public company we are restricted to giving information that is generally publicly available.

I will answer in the numerical order of your email.

1. We have no additional information available on a colloboration with "The Roys" and ValCom.

2. As stated in recent press releases we are in the process of finalizing engagements with Accounting firms as well as interviewing Financial Officer candidtaes. We are committed to issuing all outstanding reports as soon as possible but it is not possible to estimate when this will be accomplished until we have engaged the professionals we need. We need to consult with the auditors selected to ascertain whether they will be reviewed or audited statements.

3. Please see item 2.

4. Yes, we intend to update the webpage completely. We have not received cooperation to do so and we will take the appropriate steps to rectify this situation.

5. The outstanding number of shares is, of course, important to the BOD. We are also all major shareholders in the same position as you are. The lack of transparency with the additional shares added was and is a concern of the BOD. We are working to find out the correct number of issued shares which will be arrived at when the accounting firm issues the appropriate reports.

6. We are working with a California company, Microhits, to monetize the Library via the collection of royalties due the company. This collaboration is ongoing with the Microhits CEO, Anthony Barlo.

I hope that the above at least gives you a better understanding of where the new BOD is focusing their attention. We intend to be as forthright as possible with material events, both the positive and negative.

Sincerely,

Silvana Costa Manning
Director, ValCOM BOD

It seems that this stock fell asleep somehow. No NEWS, no nothing currently.

The roadmap for the next time has been send, but it would also be nice to get information about the progress.

What is currently going on within Valcom Inc.?

Regards

It seems that the valcom webpage has partly been updated.
valcom homepage

What about the auditor, who is mentioned there? Is it the new one which has been hired by the mannings or is it still the former one? I can't recall.

Best regards

Please follow this link:

Form 144

It regulates the resale of restricted securities according to Wikipedia.

Best regards

Yes, suffering is a good word to describe the current situation. I just hope that the new management will push this company in the right direction.

Actually, have you already received some information regarding your outstanding payment? I think, it is quite important to see that the management is also working on those issues with high priority.

At the moment the new BOD has to spend many efforts to regain the trust of the shareholders. Such small steps might help.

Thank you and best regards

I don't know why, but I have the feeling that the company is in good hands now. The new board seems to be quite professional and also motivated enough to move the company in the right direction.

To be honest, I was missing this kind of behavior during the last 6-8 months. At least, the shareholders get all the information right away, and we are not in the dark. I don't mind to read bad PRs as long as I am getting informed. Life is NOT a bowl of cherries. Hence, sometimes bad things happen in business. Vince always refused to inform the shareholders, as long as it could be bad news. This is not the right way.

Sure the PRs are not really, what we do expect. No financials, no contracts, etc., but the board shares each step they are making with us.

Just my personal opinion.

Regards

And that is exactly the crux of the matter. The shareholder voting was not official at all. Only a hand-selected number of shareholders received the voting form, not all shareholders. It has not been distributed to me for example. I just could download it from this board through a sticky posting.

In this case the new board has the right to nullify this voting.

Vince and especially the Rathods should have known that in advance.

I think you do not understand, what the stock exchange is standing for. This is for just about MAKING MONEY. No more, no less. Do you think, I invest my money in this stock only because I would like to support the small business in the US?

Actually, what I am caring about are revenues, even if it takes years. I am patient enough and this distinguishs me from a trader.

Do you think that Warren Buffet is just investing in all the companies, just because he would like to support them. NO, it is all about profit on a long-term basis.

Please be a little bit realistic.

In addition, not just small companies get eaten, but also huge companies. This is the price you pay in the US for your freedom.

Well, valcom is a pink sheet. If you invest here you should also be aware of the risks you are taking. You can win a lot, but also lose everything. However, there is a nice saying which describes the stock exchange:

"You can win thousands of percents, but only lose 100%!"

That is the way it is!

We will see, how it turns out with this share, even though I think that the preconditions in comparison with other pink sheets are much more promising here.

I really hope so. Awaiting the financials, as well as the details of the recent contract negotiations/conclusions, if there are any.

Nevertheless, any information regarding the announced share buy-back would be nice. At least some information, whether the buy-bakc happened or not.

Let's see how this works out.

However, those news confuse me again:

Valcom Headquarters moved

It is getting weird somehow. Who can I believe. It seems there is a battle of PRs ongoing.

Yes, it somehow satisfies me to see that finally the shares counted something. But what the hell is going on here? Who is right and who is wrong?

What the about the courts decision? This power struggle is getting even more ridiculous. I am just hoping for the end of this drama. Time to get this company back on track.

Nevertheless, it is fine that democracy finally succeeded.

I totally agree on this. The thing is more or less settled. It is about time to concentrate on business again. Get the financials out and do your best for the success of the company.

Especially, pay for your bills, reduce debts and at the same time try to create revenues on mid-term basis.

Frankly speaking, the behavior of the new board appears quite professional to me. Vince had his chance and I supported him, but it's time for some changes.

The company is still great and has high potential. Patience should now be the priority.

Regards

I have to agree with some other posters here. The documents for the shareholder vote have not been issued officially to every shareholder, but only to those with a large amount of shares. I feel treatened not seriously to be honest.
Or do I count less since I only own less than 1 Million shares.

Fact is that due to this behavior investors money gets burned. Vince should come up with good arguments to convince me. Although I still hope both parties come and work together finally. This would be a much more powerful combination then each party separately. I mean if they would apply the same energy in the success of the company as in defending their position, the company would create significant revenues.

Regards

Do you remember last time, when the manning group filed an 8-k? Almost at the same time, Vince filed a counter 8-k. However, this time you can not see any counter reaction. Vince really conceded and I suspect he does not see the chance to succeed.

I am pretty sure that Vince can do simple math. He must have known that the amount of shares the participants of the shareholder meeting can contribute is by far not enough, if the Rathods do not support him. Hence, there is no other way to settle this.

Guys, this is a OTC listed company. Hence, even if this is Vince's "baby", it can happen that a more powerful fraction acquires the company. That's the way it is. Like it or hate it. If you go public there is always this threat.

Please be also aware that this stock is still not unlisted due to inconstant filings for example. On time filings should be easy to do actually. I have seen shell companies, which got uplisted within the OTC, because the responsibles simply did their job. Vince is aiming on getting uplisted as well, but I could not see the efforts. Yes, this time the sec might delay the filing, but also in the past the filings were often significantly delayed.

Please note that I still believe that Vince could be good CEO, but the connection to the Rathods I esteem critically. Sometimes I felt that they use their power to push Vince in the wrong direction.

Anyhow, I can only say it again. Vince is still a member of the board and contributes to the success of the company. If there will be another shareholder vote in the future, and Vince gets reinstated as CEO it is fine for me, but currently there are other priorities. Don't reduce your arguments to personal feelings. It is surely nice to get invited for lunch from the CEO or whatever, but I am focusing on business. What I would like to see is a successful company, instead of having a nice fluffy time.

Best regards

Absolutely right, in this case there is no other way to wish the new board of directors good luck. Hopefully they will not forget that the shareholders are the most important asset. Do your best to develop the company and lead it to new spheres. Vince should take his position as board member and help to make his dream come true. I suspect that Vince conceded because the Rathods decided to not support valcom anymore after the shareholder meeting was scheduled. And that might also be the reason why the new CEO will work together with Vince to get money out of the library.

The future is still promising since the value of this operating company is still remarkable.

Regards

Yes, totally agree. My concern is only due to that issue. After the voting has been finished, both sides should start again to focus on the company's success, regardless from the result of the today's shareholder vote.

Time to create revenues and steadily increase the business volume. And as you mentioned, look for financially strong investors.

Regards

When will the shareholder meeting be finished?

Well, even if a lot of shareholders sent in their votes for Vince, I am concerned, it will be enough to re-instate him as CEO. The voting power of the other directors, as well as the current CEO is should not be underestimated.

We will see!

Sounds reasonable. According to funkies message the shareholder voting will take place tomorrow. However, I am somehow concerned that this will turn out to become a never-ending story. Hopefully also the manning side wakes up and does its job for the company's success even if Vince becomes CEO again after the vote.

Could you please provide the link for the voting form. I will send it in right away. Sorry for asking.

Best regards and thank you

Fact is that we need reports. It does not matter if Vince is the CEO or any other person. As a shareholder I simply need information, whether the company is moving in the right direction financially. It is nice to talk about numbers from last year august, but currently I prefer the latest reports, in order to be able to compare with past numbers.

I do not expect too much, but at least a growing business. Do not forget, Vince is still on board and influences valcom a lot. Furthermore, you do not know as well, why he finally conceded (against the Rathods). There might be some other hidden agreements.

Let us wait for tomorrow's decisions though.

Funky, thank you very much for the information. Would you mind to provide a link or any other source for this letter. I would like to get it as well, or if necessary to purchase it.
Maybe it also possible to post it here.


Thank you very much in advance.

Best regards