Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
say something
anybody know the latest?
exactly. I am going to attempt to put together a shareholders action group for the benefit of Vitamin Spice LLC , ED Bukstel, Jehu Hand, the shareholders and all stakeholders.
We need a resolution to the current state, Please contact me if you wish to contribute in some way to this endeavour.
Is adding Vitamins to spices a dumb idea?
Does it look eminent that VS will go BK and the shareholders lose everything?
Never before has such a good opportunuity been wasted (once again, it never fails) for greed and avarice to prey upon the money making cycle.
Any ideas on this guys?>
The Fat Lady is singing I am afraid. Damn, I really didn't think this was a zero.
The situation is way worse than I thought for shareholders.
would it be worth it?
First, thanks to SCION!!
Second, Dan, I have to admit: all those entries and the recent developments would scare even the most hearty seasoned of players.
At the heart of this is a very interesting situation and a lotto ticket for a payout.
Do you think VS will go forward without any representation?
Is there a way for shareholders to band together so to speak and have some impact. I worked for an activist and have some experience in this area.
Perhaps, this is all a giant wild goose chase. Shame if so.
Thank you Scion!
Can you see where Vitamin Spice is back in bankruptcy court again or where the attorney Sterling Hillard has dropped off the VS case
perfect thank you
How do we get him over here
I have trouble believing Ed gave out 60million shares. thats about 40 percent of the company.
The price of 40 cents was not evidence of anything nor was the trading price of 10 cents.
I would argue that the manipulative activities prevented ED and VS holders from obtaining the benefits of being a public vehicle. ie access to capital markets, attracting new business and talent due to poor stock price performance etc.
The big flaw in VitaminSpice's allegations is that there are no damages. They allege that as a result of Hand's misdeeds the stock went down to a penny. They omit to mention that when Hand left and all the "Hand" shareholders were locked up, the stock was $.10 but then went up to $.41. There were about 60 million shares Ed issued for services to various stock promoters, and these were freed up by Ed and sold in the market to bring it down to a penny.
Dan you wrote above.
I don't think I agree with what you wrote. Hand Shareholders accessed shares that they were not entitled to in effect. If they traded the stock for the purposes of making a pump n dump then that hurts the credibility of VS so that could be considered damaging to the marketplace value of the company right?
Case 2:11-cv-03718-MMB Document 67 Filed 01/25/13 Page 23 of 23
Dartmouth Dan:
Please see the case above, Defendants have pled sufficient facts to state claims of fraud and negligent
misrepresentation by Hand during the negotiation and consummation of reverse merger
agreement. Defendants allege that Hand failed to disclose the truth about the Qualsec investors’
identities. They claim he invented fake identities and addresses for directors in those companies,
issued a fake Corporate Resolution of the Qualsec Board, and withheld information about his
true control over those companies from Bukstel and VitaminSpice. (Amended Complaint ¶¶ 19,
20). Bukstel and VitaminSpice relied on Hand’s misrepresentations in consummating the reverse
merger on September 28, 2009, and both parties suffered losses (the company, to its share price
and market value, and Bukstel, to his holdings in VitaminSpice) when Hand used his position of
control over 17% of VitaminSpice’s shares to consummate a pump and dump scheme. These are
sufficient allegations of common law fraud and negligent misrepresentation.
***
For the forgoing reasons, Defendant and Third-Party Hand’s Motions to Dismiss the
Amended Counterclaims and Third-Party Claims are denied. An appropriate Order follows.
I was unable to see where Sterling Hillard has withdrawn or where Vitamin Spice is back in any bankruptcy proceeding, I suppose you got that off Pacer, can you copy and paste it on here please?
Thanks
Dan:
I definately appreciate the exchange on here, since it really will have no bearing on the final outcome, it is "fun" to speculate on the particulars of this legal drama as it unfolds.
1) My basis for making any statements about this is simply my opinion based on readily available information.
2) I did not know that the bankruptcy case has resumed. Assuming you are correct, Where did you find that information?
3) I was unaware that the legal team for vitamin spice has withdrawn from the case. Assuming this is true, Where can we see this? How do you know?
4) The case here swings in multiple directions, my question is: Did Hand really defraud Stalt and in turn investors by making restricted shares into free trading shares through intetionally making false filings . If this is the case then we need to find out the basis for that, to me that would represent a sanctionable act. An act of fraud, knowingly filing false documentation to a transfer agent by an officer of the court is really enough for me to sanction Hand or anyone who does that kind of activity.
5) I do think something is wrong with Ed Bukstel. I don't know if he is a victim in this menagerie. He may very well be a sick person or he may be a genius, at any rate, I believe in his idea and he is entitled to a fair start in the marketplace especially given all the work/resoueces expended.
So Dan or anyother interested VitaSpice groupies, feel free to add to this board, but please try to cite information.
I can identify myself as the beneficial holder of two million plus shares of VTMS. Other than that, I have never met ED Bukstel nor do I know much about him at all other than he has been rude to me via telephone on several occasions.
Hello Bottom Fishing:
Thanks for the post about the suspension,
I have never experienced anything like this before in 20 years, (the situation as it stands with Vitamin Spice aka Qualsec)
All trading must be done through a broker, there are shares that have been issued and validated under false pretenses by the transfer agent, STALT out of California for the benefit of J. Hand, esq,. and his alter ego's, management of VTMS which consists basically of ED. B of PA. who invented the idea, has pursued legal action as a measure against the fraud committed against VTMS and its real shareholders.
Shares issued by VTMS and later freed up under false pretenses by stating to transfer agent STALT that VTMS had never previously been a "shell" was false and contained material misinformation in order for J Hand to gain a control over the trading of VTMS on the public markets. Once discovered, ED. B dba VTMS confronted the issue and discovered that multiple violations of SEC regulations have been perpetrated against the shareholders of VTMS by J Hand and others who were prohibited from engaging in securities activities.
A court case was opened in PA by J Hand and his gang to force a bankruptcy of VTMS. The attempt was unsuccessful, the ruling was that VTMS was allowed to file a counter-claim against HAND, this counter claim was successful. The ruling by the PA judge layed out a case for VTMS against HAND in a way never seen before in "penny stock" cases.
The groundwork being dug here by VTMS and the courts is landmark by its nature. A case will resume in San Clemente CA to determine the merits of the case against HAND by VTMS and its team of high powered attorneys.
It should be notated that there is no love loss between ED. B and Jehu HAND, it seems apparent that ED is seeking to destroy the legal license of HAND permanently, to DISBAR him for LIFE. HAND offers little defense and appears painted in a corner at this time.
Several outcomes remain possible, including the recapture of shares from HAND, cash damages, potential prison time, sanctions and/or injunction orders against HAND by the SEC, courts or both. Other outcomes include, a complete loss to all VTMS investors.
if you dont mind, who did you hear it from,
i talked to a few people also who said Ed was no good, but they all liked him at first so i dont know what to believe.
Ed hasnt been always polite to me.
Well I think Hand did Ed dirty...so what's he supposed to do right? he needs to get all the shares back from him if he did improper things, after all, vtms lost alot of street cred and the deal with allan fields fmr ceo of walmart from the stock nonsense.
1) the propagada against ed buckstel is that he drinks and spent money on womans panties and strip club stuff with company money.
2) I dont think he did really anything wrong except maybe drank too much in front of the wrong people or got pissed off at Jehu once he realized what was happening
3) How would you like it if you had all these deals and your lawyer manipulated your stock? Read the court filings, the evidence is pretty crazy against Jehu Hand, he basically signed stuff he shouldnt have and probably did create false identities and he did conspire against ED B to get control of the company.
4) read the first couple of paragraphs of the ruling, talks about historical references of betrayal etc.
5) There is supposed to be a court case taking place, when ? I dont know.
Once the court case takes place and ruling is made: there are three possible outcomes in my mind
a) if ED wins and proves all the charges and gets a judgement, all shares owned by Hand and his conspirators may have to be relinquished, if money is awarded, then ED would have money to bring the financials up to date with SEC and we could trade BB again.
If I was ED I wouldnt want the stock trading now anyway, because Hand can just liquidate and cash in shares at will. So now he can't do that at least.
b) If Ed wins, he says screw it and the shareholders all take a bath and a huge loss. I dont think he will do this but you never know, he may not want to have anything to do with the stock market anymore, and maybe the shell is useless now because HAND has poisoned it. Thats kind of an extreme possibility
c) If VTMS loses against HAND, then the whole thing is sunk for sure.
Let me just say, I don't think that's really true.
He didn't spend the money on booz and girls any more than anyone else
second thing, do you really understand what went on here allegedly?
I can expand on that for you
It seems like he had everything in place to get this going, but for the stock manipulation by certain characters looks like this could have made a run..
now i am interested in talking about this court case and speculate on the results of that and how it could potentially impact shareholders
So you think its a dead duck stuffed inside a turkey wrapped inside a goats intestines then?>
Why do you think this will never come back> do you have any insights?
not too funny but maybe Ed doesn't want to talk to anyone...
what's the chance this whole thing dissapears into thin or thick air?
I wonder if it will ever start up again?
IIKings:
I am about as close to this as one can get, and I don't even care to remain anonymous.
How did you come to VTMS and what is your interest?
Thank you
getmoney214,
buddy, i dont know anything except that I have spoken to Ed a few times over at vitamin spice, he acts like the world is against him, he seems even paranoid to me, I told him I am a shareholder and he said he is going to find out who I am and call the fbi cia and the sec, I dont know if they will ever file and get up to date.
I think that Ed wants to recapture the shares from Jehu Hand and all his alter egos , at least that is what I would want to do if I were him. Ed, said he spent tens of thousands on attorneys. In the end what will be accomplished?
Everything now depends on the result of the court case, (I dont even know the status of that) and the filings to bring the shell company up to date so it can resume trading with quotations on the pinks or bb. If you want to , go ahead and call Ed yourself, he won't talk to me.
I own about 2.5 million shares so obviously I believe in the idea, and Actually, i am really interested in ED and his plight to overcome and penetrate the dark side of the penny stock people.
At this point, the suspension is over but I can't tell what difference it really makes.
you can email me at leefish at ymail.com if you wish.
very interesting developments
thank you to getmoney214
Ed and VTMS shareholders are on cutting edge of legal precedence
this could really be a landmark case,
what happened here is common, but what is going on now in the courts is not.
I am concerned that vtms is not at full value,
what I would like to see is disengourgement of any shareholder or control person and restoration of the trading shell to its rightful status so new investors can get a fair look at ed's plan/
I am a holder and a buyer, not many shares available below 1 cent
I dont like this company mainly because Ed is a rude mean guy, not real professional and he makes bad friends.
What the hell is going to happen here? my guess is not much for awhile as usual. Oh well, nothing to do but wait for Ed to kick start the engine and get the filings done