Managing personal IRA
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Thanks, I failed to click on the appropriate tab!
OTCMarkets.com has discontinued displaying info for VTXB. So why did they say they’d continue filing their periodic reports there?
Thank you for clarifying! Understanding that and reviewing the Tomohopper features makes me HAPPY to be a bagholder until VTXB takes off!
Thanks Penny. What I'm implying is Vortex Tennis continues as a separate business from Vortex Brands. Ha, I'm posting a message on Yahoo message board and want to get it right!
So Vortex Tennis gets the lion's share of profits from sales of tomohopper from these other businesses who sell it. And Vortex Brands will be one of the other businesses to also sell the tomohopper? How much profit will Vortex Brands make from each sale?
So these other sites will be in competition with Vortex Brands in selling the tomohopper! Also store.tomohopper has been around for several years.
Is the Vortex tomohopper different from those for sale on other websites, such as Holabird Sports?
Oldjewguy, read Speculator's post re 'Quiet Period.' Does that mean no new press releases permitted? I believe it must because the news re financing and receipt of products for sale were before they filed Form 10. Since Form 10 was filed, there's been no news.
Get news and spread news to bring awareness to investors!
Quiet period evidently doesn’t apply to Vortex publishing info on their website. We can get news there and report it on our investment sites; for instance, Yahoo message board. The more investors know about Vortex, the better for us and the company.
Lobster, the reference to the float is on OTCbb site and on Vortex website as follows:
The Company common share structure has not changed and remains at 90,000,000 shares outstanding and issued with 48,450,000 in the float. The last common share issuance occurred in 2009. We will post additional FAQs on our website at www.vortexbrands.us. We will update the FAQs as we receive additional questions and will provide updates on news and other aspects of the Company on our site as well.
Thanks, I read: These (free writing) descriptions cannot be used in any case if the issuer is or it or any of its predecessors in the last three years was a blank check company, a shell company (other than a business combination related shell company), or a penny stock issuer. Certain of these issuers have been viewed historically as unsuited for short-form registration or ineligible for disclosure-related relief. For instance, we have repeatedly stated our belief that blank check companies, shell companies, and pennystock issuers may give rise to disclosure abuses.
Vortex must have good advisers to keep them following the rules. Funny because I couldn't find this info earlier today. When I called Finra, the lady didn't inform me of this and, in fact, said there were no limitations. Guess some FINRA employees aren't very well informed!
I don't understand what confusion it'd cause for PR while SEC is processing Form 10.
Someone posted: $50M in sales with a 90M A/S and 48M Float. Should be valued at an 12 PE (based upon sporting goods stores). I don't remember who posted that. I see the float is listed on their website at 48,450,000. What does A/S stand for? O/S is outstanding shares.
Lobster, are you Stock Lobster that posted the article, "What Makes An Attractive Shell..." here on InvHub? That was very informative!
Also was wondering how you know Vortex has $50M in sales?
EDGAR database still hasn't listed by new name! Name change was in July. they sure are slow!
Why isn't the filing of Form 10 recorded on SEC website yet? Vortex site links it to SEC website but unable to call up company directly on SEC site.
Lobster, I just found Form 10 from VTXB site by clicking on SEC filings. Since re-filing date is Sept 2, maybe SEC has not had time to post it via calling up companies by name. Even though they have 60 days to be a full reporting company, I believe all SEC filings should be listed immediately on SEC website. Thanks for your response!
Form 10 isn't listed on SEC website which means it has not been filed.
Achron, what presentation are you referring to?
Achron, sorry, I though, since the shares were already trading OTC, Vertex had already filed a Form 10 and you all were referring to a 10K or 10Q. I assume institutional investors are permitted to trade Vertex w/out Form 10 filed. However, I agree filing Form 10 demonstrates their willingness to publish ongoing financial statements which make them more transparent and provides a means to communicate to investors. Thanks for clarifying. .
Since Vortex is already trading OTC, what is the significance about the Form 10 filing?
Thanks everyone for letting me know. Maybe I'll get lucky Tuesday and get a bid off but won't count on it.
I'm still confused about what news is coming out Tuesday - maybe it's something only a few know about, lol.
I just noticed this stock and am considering buying it. Is it difficult to get shares?
Also what is the news release about Tuesday?
Nicole, where is the scanner being used in the U.S.?
BIZM is not supposed to promote the scanner on facebook or anywhere else until SEC investigation is completed.
They probably don't want BIZM removed from the global lock until after SEC investigation is completed. IMO, if BIZM was removed prior to this, the stock price would be subject to more downward pressure and manipulation as the outcome of investigation would not be known. Better to wait.
Rich, Did the author of the article tell you the president had sold his shares? I haven't checked on this on SEC website. Perhaps that is heresay b/c there's not a "president." There is a CEO and CFO.
I guess BIZM could not keep a telephone here if all involved have returned to Germany. It would have been considerate of them to post a message to shareholders advising of planned phone disconnection.
So we will patiently wait and see what the future holds. I've been hoping that something would develop with another company who was interested in their technology.
Also will see if they continue to make required filings with the SEC.
Wonder if they are answering emails. Someone needs to send them an email for any updates. I don't hold many shares and, therefore, wouldn't be apt to receive a reply.
This buy back was for preferred shares and was competed back in June. Look at NBG reports. I don't know why this is being reported as "current" news.
Correction: site for checking unsettled short interest is www.otcbb.com/asp/otec_short_interest.asp. Shorts are posted here bi-monthly and is based on a 30-day period. Other site on Finra is daily short interest which includes trades that are settled but none the less appear in the daily short volume. Last report for period ending Oct 31 was 70,798 (short positions?) with total short volume of 163,692. Does anyone know is I'm reading this correctly?
Actual short sales are reported bi-monthly at regsho.finra.org, as you probably know. Report just released has 70,798 short sales. Short interest is not representative of shares actually shorted.
Six companies had DTC locks lifted: DPBE; PZG; TMMI; ARNH; RVGD and Provident Realty, a private company. DPBE was under SEC investigation http://www.sec.gov/litigation/admin/2010/33-9121.pdf when the DTC lifted their lock. Per another I-Hub Board, TMMI was also being charged for over-issuing shares but I’m unable to find a link to this info. All five of these companies still trade off the Grey Market. (sorry,I did not realize TMMI was off greys when posting before)
I’m not attempting to fantasize – just checking the facts. Getting off the Grey Market is unlikely but not impossible. And let us see what happens if the Lock is lifted and there’s evidence of positive company developments even while still on the Grey Market.
They got off the Grey. It makes no difference how a few companies came off a Global Lock.
You say there's a "big difference" for the companies that had locks lifted "because they started out in the grey market." Even IF they did, this simply indicates that later these companies did something, or failed to do something, that caused the SEC to delegate them to grey status again. The various reasons (including selling restricted shares) were listed in my prior post to Cartman. They are also listed by BigBake at http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72176469
I'm only trying to point out that there have been a few stocks to be removed from a Global Lock. No offense, but what are you trying to do? As you say, you’ve lost money in another suspended stock. We investors have already lost most of our money in BIZM. Are you trying to save us from losing more money in BIZM?
It would be great if you wrote more than one-liners!
Hey, BIZM COULD BE #6 TO BE REMOVED FROM GREYS instead of #2. All of the stocks listed in my post except TMMI made it off the greys and are currently trading on either the NYSE Mkt LLC or OTC Pink Sheets.
Also, realize for the companies with over a trillion shares the stock price is most likely going to be suppressed.
Sorry if I dampened your spirit! We've had enough of that already, LOL.
Cartman, Stocks with Global Lock that resumed trading :
DPBE (Deep Blue Marine) was suspended on 4/27/10 for unjustly relying on SEC Rule 504 by distributing unregistered stock (sound familiar?) and possibly inaccurate information in PR releases. SEC allowed trading to resume 3/18/11 and 13K shares traded at 1.29. The mkt cap is 950K with 1.3 trillion shares outstanding. 52 wk Hi: 0.18; low: 0.0001. Currently 0.0007.
PZG (Paramount Gold & Silver Corp) suspended 3/14/08 for SEC accusation of stealing the identity of a defunct or inactive corporation. Upon clearance of these charges, PZG resumed trading on 3/28/08 (Canadians must be good communicators)
.
DGIN (Diversity Group International Inc); reorganization to ARNH ("Automotive Resource Network Holdings, Inc"). I was unable to find a date for SEC suspension. DGIN merged with ARNH Jan 2012. It’s had a reverse split (which diluted shares) and has 4 trillion outstanding shares! 52 wk hi is 5.00 and low is .0001 where it’s now trading. Maybe something is about to happen as yesterday volume was 14.9M.
TMMI (Tmm Inc) was involved with over issuance of authorized share certificates. Their CEO Michael Fernandez was a disbarred attorney. I cannot find a date for the Global Lock (late ’07 or early ’08) or when shares resumed trading. Yesterday TMMI closed at .12; 52 wk hi is .30 and low of .065. TMMI began trading in ’04 at less than .05.
AGWX (Advanced Growing Systems, Inc) doesn’t have a InvHub Board and I’m unable to find a reason for suspension and the date for resumption of trading. SEC finally revoked registration on 4/13/12 after company quit filing SEC reports in Sept 2009 when they decided to merge with ENTV, a private company. Today they are still in business with 34 employees headquartered in Georgia.
The above five companies were found in a Penny Stock Fundamentals Board posted 2/15/12. Subsequently, the SEC has allowed the following company to resume trading (however there may be more as I’ve not done any up-to-date research):
RVDG (Revenge Designs): SEC filed complaint on 9/24/09 for trading unregistered shares. RVDG resumed trading 8/19/13 at 1.69 when the CEO sold the company. Currently at 0.51 I imagine BIZM's CEO would maintain some control even if BIZM were to be sold.
Hope this info helps. Every company has different possibilities with different potential IMHO.
Delay in re-trading may be good to allow BIZM more time to establish partnerships and get their product to market. THANKS Rick for sharing the communication from BIZM. (Have to remember they may spell better in German, LOL)
Pardon - that's Barclays that's doing the rights offering.
Interesting perspective on IRE, but don't you think LYG is pretty strong also? They have less debt percentage wise to market cap than IRE.
Planned 5.8 billion-pound ($9 billion) rights offering next month.
This rights offering is the biggest by a U.K. bank since LYG had a 13.5 billion-pound sale in 2009. INVP of London says resignation of Lucas tomorrow should have no impact on rights sale. Wonder if rights sale will affect share price?
Awaiting appeal of DTC Lock via Fair Hearing with SEC per Rule 22 to re-open trading on the greys.
Prior to March 15, 2012, Rule 22 was not available and the DTC could affect a lock or chill on the trading of a security for an indefinite time.