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OK, still won't benefit long suffering shareholders if it never trades again. Three years this January as a private company.
None of this benefits shareholders if the stock never trades again and there was no update on that in this latest FAQ.
Shell badge still on OTC site
https://www.otcmarkets.com/stock/ACAI/disclosure
No worries, it's never going to trade again
Stop your whining, grow a pair and cut your losses
07/12/2023 Memorandum
Comment
[8] Court's Memo RE: Remote Appearance Information for JULY 14, 2023, Hearing **PLEASE REVIEW IN ITS ENTIRETY**
https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=Rezt3Og7qqDLzlrKotfFaw2&tabIndex=3
Thanks for the info and links. The good thing, I guess, is that the current custodians of ACAI already did a reverse split, the float is very low and the new owner will inherit about $75 million in NOLs.
What happened to the Chinese scammers that apparently owned this junk?
https://www.otcmarkets.com/stock/ACAI/profile
Room 3005, 30/F, Block B
Sunny Kechuang Center, Nanshan District
Shenzhen 518000
China
Principal Executive Offices:
Room 3005, 30/F, Block B
Sunny Kechuang Center, Nanshan District
Shenzhen 518000
China
+86 0755-26602980
shaochengtang@163.com
Business Description
Safeplus International Holdings Limited (ACAI) is a holding com
Maybe he shouldn't have ever went away. At least the stock was trading under his atrocious leadership which is more than can be said about this current "management".
Nothing has changed except another trial delay and convenient excuse for them to explain why the stock isn't trading. Even Wade kept the stock trading through major lawsuits like NOW/Ross, Msft, etc.
If it's going to trade again, they should change the symbol to VCAI and issue a fluffy PR the day before it opens about a revolutionary Ploinks AI messaging bot to be launched soon so the stock can be pumped to $1 or $2 within the first week, and us long suffering bag holders can get out with a huge gain. It's the least they could do.
To be fair, the new board did inherit and complete disaster of a company, lawsuits, a few thousand angry shareholders, IRS debt, other debts, etc etc. Actually, it's amazing that this "company" is still in business.
20+ years of falsehoods that continues today, even though the company is defunct and will never trade publicly again.
You do realize this was de-listed in Jan 2021 by the SEC and will most likely never trade again, unless by some miracle, right?
It's been done and will stay done.
Why would they want to assume the risk, expense and shareholder scrutiny of running a public company after 2+ years of keeping it private?
LMFAO. Are his worthless shares in the cardboard box?
Of course it was delayed and probably will be again. The Wade hex continues.
The jury trial is still scheduled for March 8th, yet there are hearings on the 15th. No surprise that even this simple scheduling stuff is a mess.
https://trellis.law/case/19stcv15381/lakeshore-investment-llc-a-california-limited-liability-company-vs-now-solutions-inc-a-delaware-corporation-et-al
Wade's bad karma continues
California Statute of Limitations to collect debt is four years
https://www.latimes.com/business/story/2021-10-26/column-debt-statute-of-limitations
https://oaktreelaw.com/debt/california-statute-of-limitations-debt/
Not really sure, but if the SOL is expired it would benefit VCSY since Lakeshore is the plaintiff going after the money lent to VCSY. You can't access the case documents on trellis unless you pay and I'm not willing to put another penny towards this failed investment, so I'm just watching the filing updates that can be viewed for free.
Yikes
February 17, 2023
Docket Event
Trial Brief Filed by LAKESHORE INVESTMENT LLC., a California limited liability company (Cross-Defendant); Robert Farias (Cross-Defendant)
Filed by LAKESHORE INVESTMENT LLC., a California limited liability company (Cross-Defendant); Robert Farias (Cross-Defendant)
February 17, 2023
Docket Event
Motion in Limine (#01 re Statute of Limitations and Released Claims) Filed by LAKESHORE INVESTMENT LLC., a California limited liability company (Cross-Defendant); Robert Farias (Cross-Defendant)
Filed by LAKESHORE INVESTMENT LLC., a California limited liability company (Cross-Defendant); Robert Farias (Cross-Defendant)
You finally stated something relevant. The results of the upcoming Lakeshore trial will determine whether this company continues to exist. Watch closely.
https://trellis.law/case/19stcv15381/lakeshore-investment-llc-a-california-limited-liability-company-vs-now-solutions-inc-a-delaware-corporation-et-al
Never underestimate the stupidity of VCSY shareholders. We held right into the SEC's trading revocation, so we definitely aren't the sharpest tools in the shed.
The only issue at hand that really matters is when is this trading again so stuckholders can dump their shares.
No idea. I'm still trying to figure out if the US and Canada shooting down alien UFOs or Chinese balloons.
More delays
https://trellis.law/case/19stcv15381/lakeshore-investment-llc-a-california-limited-liability-company-vs-now-solutions-inc-a-delaware-corporation-et-al
March 08, 2023
Hearing
Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Jury Trial
March 01, 2023
Hearing
Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Order to Show Cause Re: Why the Court should strike Defendant's jury demand and order this case to proceed as a bench trial
March 01, 2023
Hearing
Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Order to Show Cause Re: Sanctions
March 01, 2023
Hearing
Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Final Status Conference
Is that Texas suit related in some way to the Lakeshore suit, other than the fact that Wade caused all of the destruction?
Looks like a trial continuance was filed, so you may be right about another year.
February 06, 2023
Docket Event
Declaration (re OSC / Trial Continuance) Filed by NOW SOLUTIONS INC., a Delaware Corporation (Cross-Complainant); VERTICAL COMPUTER SYSTEMS, a Delaware Corporation (Cross-Complainant)
Filed by NOW SOLUTIONS INC., a Delaware Corporation (Cross-Complainant); VERTICAL COMPUTER SYSTEMS, a Delaware Corporation (Cross-Complainant)
Always the possibility of settling before the trial. This company started with a lawsuit and may end with a lawsuit. Oh well, it's only money.
https://trellis.law/case/19stcv15381/lakeshore-investment-llc-a-california-limited-liability-company-vs-now-solutions-inc-a-delaware-corporation-et-al
The fate of NOW Solutions, the only asset VCSY has left (we all know ploinks is just a little sandbox hobby), hinges on the Lakeshore trial in twenty days.
If by some miracle it does start trading again, the first day selling volume amongst us stuck-holders would be epic.
Great news for Luiz. So how does this benefit us shareholders stuck in this delisted, illiquid junk?
Sorry mother lode, there's zero chance of either ever happening. You're better off buying a powerball ticket. At least it's a liquid market with a buyer and a seller.
Nothing other than NOW Solutions and that's at risk with the Lakeshore trial coming up in less than 30 days.
So a few thousand shareholders should suffer so one fraudster doesn't benefit? Yeah, that seems like a real sound approach. Don't worry about that idiot and shares, this defunct "vcsy" will never trade again.