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You very well could get a pop on "news"
and the currently almost maxed out A/S,
but remember the A/S will be increased
for financing. You also don't know who
owns the 73 million O/S, they have no
money. They will have to issue stock
in order to finance this venture.
Also it is a red flag that they will only
own a 50% interest in a future casino,
meanwhile the other half is owned by some
shady Mexican corporation. Queretaro is
smack dab in the middle of Mexico, 135 miles
north of Mexico City.
Corruption and embezzlement are raft.
This paper probably exists for the sole purpose
of financing the dealings of the Mexican corp.
yes, always a rare plus to see an actual
honest-to-goodness BANK willing to work
with a penny stock, it's almost unheard of.
the interest rate is pretty darn good also.
looks like another CGAQ in the making.
no money, but wants to open a casino.
in Mexico.
O/S maxed out although low at 75 mil.
Needs loan or "investment".
will probably go toxic and issue huge numbers
of stock to the loan sharks on the backs of
"share" holders.
i agree. Any company that publishes that tripe
is pump and dump. Those numbers are literally
unbelievable.
other language is also red flag, such as "option to
purchase", haha, yeah, I have an option to purchase
it also. duhh. then you see the 50/50 "split" with
another shady Nevada "corporation", no doubt TWDL
shareholders will carry the expense burden 100%
while "NWWW Inc." pays nothing.
There are only two ways to play this game right..
buy/invest in the mining claims and projects
directly, not on the "stock" market, or join the
dark side, pick up some worthless mining claims,
and buy a shell then pump it.
The public would do much better pooling their money
in clubs or LLC's, then buying the claims from a
reputable dealer. For example.
http://advancedgeologic.com/AGE/Gold_Exploration/Gold_Claims/Production.html
I know they have projects that are very promising and
already mining gold, you can work with them and find
other people to pool resources with.. this is how it's
done for real, it's not done sitting on your duff
and foolishly pressing a "buy" button.
Hard work and commitment pays off, nothing is for
free.
my 2 cents.
shares have been strong lately.
Nice to see some chat activity here,
huge insider ownership, very obscure play
which could be a winner for the patient.
Yeah, it was disappointing news, but it's not the end.
The share structure is still tight. It could be worth
accumulating conservatively over the course of the
next 6-9 months. By the way another one to take a look
at is GPR.
any breakup of this dinosaur
would extract shareholder value.
My research indicates this is the best uranium play out
there.. with a shortage of supply and increasing prices
projected for 2013.. URZ is American, owns vast resources,
and will enter large-scale production.
I also like some of the other "juniors" in uranium,
and certainly the mothership CCJ which is trading at
depressed technical levels.
nice 45% up move on tiny volume
glad i bought in the .08's.
http://finance.yahoo.com/q/is?s=hnin
true, but I've started to believe the DIP is so large
that it's a negative. If they need that much money,
there may not be any carryforward value to common stock
as far as outright shares. But I do like the chances for
warrants.
all of that trading occurred BEFORE the
balance sheet was posted in the filing.
it is irrelevant now. tomorrow this is higher.
Coal isn't very liquid nowadays. This way, they
get to retain a good part with the possibility of
better days ahead, but only if Obama loses.
That don't mean anything. All that matters is
the huge shareholder value. These shares are
going back to over $1 no problem by no later
than next week. $500 Million in Equity per
Bloomberg.
I do not believe the debtors will be able to get any more
than maybe half the company. Common will retain the rest.
There is a half billion in Shareholder Equity.
The company’s Chapter 11 petition listed $3.57 billion in assets and $3.07 billion in debts.
per Bloomberg. just in.
http://www.bloomberg.com/news/2012-07-09/patriot-coal-files-for-bankruptcy-protection-in-new-york.html?cmpid=yhoo
The company has been prepared for a reverse merger
acquisition.
Consider the details in recent filings.
The slate has been wiped clean. Hardly any
assets or liabilities at all, and new investment
offmarket at .10:
http://horne.com/?q=investors/secfilings
There is also a new contract on a State deal:
http://horne.com/?q=news/horne-engineering-services-and-resource-international-announce-contract-win
And hiring of a Mergers & Acquisitions advisory firm:
http://horne.com/?q=news/horne-international-inc-retains-lion-partners-limited-strategic-and-financial-advisory-services
Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade.
TD Ameritrade.
NBRI, I'll put it on watch list.
may your dream come true.
chances are improving, then.
i think the county officials need to realize that
you don't have to put everything "plus" on the table
right from the get-go. future additions to the site
may occur organically after the initial plan is
built and operating; always can expand.
i really like ANO here @ .28
big changes coming. New name, new ticker (ATL)
and finalization of deal with Amplats.
New name, new ticker, and finalization of deal
all happenning soon. They also put out a cautionary
statement this morning. Stock is probably going
to make an upward move within a week.
http://finance.yahoo.com/q?s=ano&ql=1
I got this message from TD Amer
when I tried to buy some @ .029 today.
Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade
looks like they really are cleaning out the cockroaches.
Hi Bob, only since you asked and I don't PM
unless it's Friday happy hour and I happen to
be on ihub, concerning Caledonia, I do not go for
stocks with 500 million o/s, too much stock, in my
opinion it limits the upside.
I like a more reasonable number of shares, unless
the company is a macro-cap.
There are many interesting juniors. My top list
right now for juniors is Kaminak, Atac Resources,
Golden Star, Claude Resources, ANO (name change coming)
Lexam VG, Victoria Gold, Ryan Gold, Rye Patch, Greenland
Minerals, Avalon, White Tiger and Northern Tiger.
Also Propecy Coal for the ownership in Prophecy Platinum
with the China coal kicker, probably the only coal/platinum
stock in existence ! ha.
p.s. this post may be deleted after you read it.
Tocqueville Gold Fund's John Hathaway:
Newmont is trading at roughly five times cash flow. It’s trading at about eight times earnings, with a 3% dividend yield.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/20_Hathaway_-_Fed_to_Print_More_Money_%26_Gold_to_Hit_New_Highs.html
Vigo, check out the recent developments at Valcom.
ya well they are workin hard and making it happen.
it's not easy to pick when is the right time with
pennies.. but this is a lot more serious than you think it
is. they are real. this is a very hot consumer need that
is new to many demographic areas.
you mean what
this ? http://www.spectrumgi.com/News.aspx/78/Spectrum-Group-International-Inc.-Announces-Preliminary-Settlement-with-Former-CEO-Greg-Manning.aspx
http://www.escalagroup.com/
who cares, he has contacts, he knows how to build a
business from nothing to massively successful.
What does VV know ? how to ripoff the innocent ?
I just mostly trade options on the listed stocks,
but I am certainly a believer in this company at
this juncture, considering the ownership and turnaround
in multi-unit housing just starting.
the Yahoo finance board is active on this.
I haven't looked at this one in a long time very closely,
although I have a soft spot for it from since it was .01's
a long time ago.. reading through all this it appears to me
that Vince and the Rathods may have been attempting to push
Silvana's ownership level out, as a percentage, her 47m has
declined as the new shares were issued to the asian vehicles.
Vince is a crook. He stays on the BOD for now, but I'm sure
that's only temporary, and the victorious party (Silvana camp)
has succeeded in ousting him. The question now is about the
shares, was their issuance legal or not. This may not be over
for Vince, there could very well be criminal charges.
Moving the co to NJ is a great idea. A new beginning.
Back on radar. Someone has to clean up the ibox and put this
PR front & center instead of V.V., the used car salesman.
Remember Silvana's husband is Greg Manning, see here:
http://www.bing.com/search?q=greg%20manning%20auctions&form=MXB003&pc=MXBR
SEC FILINGS http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001013453&owner=include&count=40
ValCom, Inc. Update Of Recent Events By Patrick Willemsen, Chairman Of The Board
Press Release: ValCom, Inc. – 4 hours ago
CLEARWATER, Fla., April 18, 2012 /PRNewswire/ -- ValCom, Inc. (Pinksheets: VLCO.PK - News) As a result of an Order and Judgment in the recent litigation with respect to the governance and management of ValCom, Vince Vellardita was removed as Chief Executive Officer, President and Chairman of ValCom, and the new composition of the ValCom board of directors was established. Shortly after Vellardita's removal, the board of directors of ValCom appointed me as Chairman of the Board of Directors, and Timothy Harrington as Chief Executive Officer.
We want to explain what was disputed in this litigation and how this dispute has been resolved. We also want to briefly outline where ValCom currently stands, and management's near-term priorities and long-term vision for creating value at ValCom.
Disputed Items in Recent Litigation
Prior to the commencement of the litigation, at the instigation of Tim Harrington, a current board member, an appraisal of ValCom's media library was undertaken beginning in February 2011. The appraisal revealed that the library was comprised of thousands of motion pictures and songs, as well as T.V. shows and episodes, and was an undervalued asset with what we believe is great potential.
On May 11, 2011, at a meeting following the annual meeting of shareholders, a mandate was given by the board of directors to then-CEO Vellardita to (i) monetize ValCom's media library, (ii) begin the process necessary to collect royalties due to ValCom (both past due and future), and (iii) fully document ValCom's rightful claims to the library's contents.
In the months following the May 11, 2011 meetings, a majority of the board of directors of ValCom was of the view that the company was in need of new leadership due to its inability to achieve strong financial results despite ownership of a valuable media library.
As the summer of 2011 progressed, it became apparent to the majority of the board of directors that little or no progress was being made in monetizing ValCom's media library and that other serious problems had arisen with customers and vendors. The majority board was of the view that, despite the board's mandates, Vellardita was not fulfilling his responsibilities as CEO and, in fact, was acting contrary to ValCom's best interests. Concurrently, inaccurate and incomplete press releases were being issued by Vellardita, without the board's knowledge or consent, touting spurious actions by ValCom (including stock buybacks and debt reductions). Despite the board's directive to refrain from such conduct, Vellardita continued ignoring these mandates and his responsibilities as CEO.
In early August 2011, amicable discussions commenced between the majority board and Vellardita about the future governance of ValCom and Vellardita's stepping down from his role as CEO. Suddenly, in late August 2011, without notice or warning, Vellardita caused a purported shareholder action by written consent to be taken, using improperly issued shares to effect such consent, in an attempt to remove Silvana Costa Manning, Tim Harrington, and Mike Vredegoor from, and elect Rahul Rathod and Nalin Rathod to, the ValCom board.
Shortly after Vellardita's attempted August 2011 shareholder action, the majority board of ValCom adopted resolutions to terminate Vellardita as CEO and appoint Patrick Willemsen in his stead.
In August 2011, Silvana Costa Manning and Patrick Willemsen filed a complaint with the Delaware Court of Chancery in an action to clarify that Manning, Harrington, and Vredegoor are directors, and that Rahul Rathod and Nalin Rathod are not directors, since their purported election was based on (i) failures to abide by proper corporate protocols and (ii) improperly issued ValCom securities. Concurrently with the filing of the complaint, Manning filed a motion for an interim order to maintain the status quo with respect to the business and affairs of ValCom pending resolution of the action. The motion for status quo order sought to maintain the ValCom governance structure immediately following the May 11, 2011 shareholder meeting and prior to the purported August 2011 shareholder action.
The Litigation
In September 2011, upon the consent of all parties, the Delaware Court of Chancery entered a Status Quo Order directing that, pending resolution of the matter, the board of directors of ValCom be comprised of Manning, Harrington, Vredegoor, Frank O'Donnell and Vellardita, with Vellardita as CEO.
The Status Quo Order required Vellardita and the board of directors to abide by specific protocols during the Status Quo period. Vellardita failed to abide by such protocols; in fact, he continued to ignore not only directives issued by the board, but also those ordered by the court. Moreover, during discovery, counsel for Vellardita withdrew certain documents that plaintiffs Manning and Willemsen had shown to be fabricated. This, in turn, led to the filing of a Motion for Contempt against Vellardita.
In March 2012 the Court entered an order directing that Vellardita be removed as Chief Executive Officer, President and Chairman of ValCom. The Court order also invalidated the purported election of Nalin Rathod and Rahul Rathod as directors of ValCom, and judgment was entered that the board of directors of the Company be comprised of Willemsen, Manning, Vredegoor, Harrington, O'Donnell, and Vellardita.
Where Things Stand
The new board of directors and management are just now finally able to take inventory of ValCom's assets, records and share capitalization. We are undertaking a thorough process to review:
ValCom's share register and recent transactions involving ValCom securities to determine our capitalization;
loan transactions, including transactions with Solomed Pte Ltd. (an entity affiliated with Nalin Rathod and Rahul Rathod), Greystone Capital and Asher Enterprises;
relationships and obligations to vendors with a view to address legitimate outstanding vendor responsibilities promptly; and
actions and transactions undertaken by Vellardita and his associates prior to his termination as CEO by the Court, including actions taken during the status quo period in violation of the Court's order.
In addition, we are currently interviewing independent accounting firms with a view toward selecting a firm to audit our financial statements and assist with the filing of quarterly and annual reports as soon as possible.
The current management of ValCom is committed to providing shareholders with transparency and regular communications with respect to material items impacting the company. Subject to constraints with respect to confidentiality, we will update shareholders on our findings in connection with the foregoing.
ValCom Priorities in the Short Term
Our new management certainly has a broad range of tasks at hand; however, we are focused on the following priorities in the short term:
We will work to complete the audit of our financial statements as soon as possible, and file all necessary reports with the Securities and Exchange Commission.
We intend to monetize our media library. For example, we recently entered into a contract with Anthony Barlo, CEO of Microhits, to assist in collecting royalties for the media library on a commission basis and to further develop the library through multiple avenues.
We plan to continue to develop the MyFamilyTV Network, which would include broadening program offerings.
We plan to consolidate and organize the ValCom media library, as well as protect our assets in climate controlled, walk-in vaults.
We intend to relocate the ValCom headquarters to New Jersey, where our CEO, Tim Harrington, and director, Silvana Manning, reside.
We hope this letter clarifies some of the issues you may have recently read about. The board of directors and our new management, recognizing the challenges ahead, are committed to rebuilding ValCom into a responsible company dedicated to enhancing shareholder value for all.
Patrick Willemsen
Chairman of the Board & President
About ValCom, Inc.
Based in Clearwater, FL, ValCom, Inc. is a diversified, fully integrated, independent entertainment company that has been in operation since 1983. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full service facilities that accommodate film, television and commercial productions with its four divisions comprised of television and film production, broadcasting (My Family TV Network), distribution, and live theatre. For more information, please visit the company's website at www.valcom.tv
Note About Forward-Looking Statements
With the exception of historical information, this press release may contain forward-looking statements as that are made pursuant to the "safe harbor" provisions as defined within The Private Securities Litigation Reform Act of 1995 (the "PSLRA"). Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. In addition, any other statements which contain characterizations of future events or circumstances are forward-looking statements. These statements are based upon management's current expectations as of the date of this press release. Actual results may differ materially from the expectations contained in this press release due to a number of risks and uncertainties relating to our business which are discussed in ValCom's periodic filings with the Securities and Exchange Commission. ValCom, Inc. does not undertake any responsibility to publicly update any forward-looking statements to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
For More Information, Contact:
Silvana Costa Manning
T: (973) 588-7084
i might buy some calls next week.
i just hope they do a transaction involving sale of
parts or whole of the company. I know financials will not
be pretty, but they will set the stage for a strategic
acquisition, such as Kellogg or any other interested parties
in the brands or whole co.. if management does the right
thing, this will be a winner.. just have to hope they don't
opt for the long slog out of this. Long term this is an
absolute no-brainer buy at $21, but the only way to unlock
Over 30 in the near term would be a change of control or
at the very least, a brand sale.
but it's not.. because they are opening new locations
across the country, expansion is rapid. This could succeed.
It's an interesting and attractive concept. Sure, shares
were issued, but the co is entering a new phase, and last
year's financials are totally unimportant now.
Yes, to uplist they will have to R/S, but that would only
improve the stock dynamics, setting them up for another
launch upward into the big leagues. That's why there
are large bids to support this and large trading volumes.
A growing number of people are experiencing Baristas
in real life, not just reading a PR.
Rotate Black Affiliate Announces Financing Commitments for Gulfport Casino Hotel Project
Press Release: Rotate Black Inc. – Thu, Mar 22, 2012 4:58 PM EDT
PETOSKEY, Mich., March 22, 2012 (GLOBE NEWSWIRE) -- Rotate Black, Inc. (ROBK.PK) reported last week that its affiliate Rotate Black MS, LLC, has finalized debt and equity financing commitments necessary for its $77mm Gulfport, MS casino hotel project. These commitments were necessary in order to file an application with the Mississippi Gaming Commission for Approval to Proceed with Development. Rotate Black's CFO, Jeff Bacigalupi, stated "We're thrilled to have completed the financing package for this project and just as pleased by the caliber of the financing partners."
The casino hotel, when completed, will include a land-based 70,000 square foot gaming and entertainment facility, 100 room hotel, buffet, steakhouse, cafe, feature bar and a lounge overlooking the newly renovated marina in the city's small craft harbor. Gulf Coast gaming veteran and Rotate Black MS CEO, Dual Cooper, stated, "We've designed a fantastic facility, hired the best general contractor in Yates Anderson and when open we'll deliver a world-class gaming and entertainment experience."
Rotate Black's Gulfport, MS casino will be located on approximately nine and a half acres of land at the intersection of Highway 49 and US 90 and overlooking the Gulf of Mexico. The site will offer direct access from I-10 via the Central Harrison County Connector Highway currently under construction by the State of Mississippi. The site is adjacent to downtown Gulfport, the city's small craft harbor and the newly renovated Joseph T. Jones Memorial Park -- which is the largest public park on the Gulf Coast and is in the final stage of a three stage restoration including green spaces, gardens, pavilions, water features, as well as art and entertainment facilities.
About Rotate Black, Inc. Rotate Black, Inc. (ROBK.PK) is a premier development and management company of global resort and casino properties. The Company makes investments specifically targeted towards the gaming industry, seeking to maximize total return from capital appreciation and income. The management and Board of Directors have extensive experience in successfully developing and managing resort properties.
Forward-Looking Statement
Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Rotate Black, Inc. disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date stated, or if no date is stated, as of the date of this press release.
Contact:
Rotate Black, Inc.
231-347-0777
this co looks solid. tons of room to expand.
coffee is hot. buy and hold.
BCCI financials: http://www.otcmarkets.com/stock/BCCI/financials
not bad.
lots of buzz
that's not a bad range. the co has many positives,
once the light r/s puts it in the .20's there will
probably be enough developments to make the stock gain.
the new low float will hopefully coincide with news.
most people would rather buy a stock in the .20's than .01
and it will be easier to make it double or triple then.
i think .009/.01 area is safe to nibble at, and i held
off touching this for almost a year.
if TDCP gets "on the map" by this fall, I'd rather have
its visibility increased in that post r/s price area.
the split level proposed is shareholder friendly, imo.
still a major believer for a deal on DMND here.
"Cramer likes the company's stock" - Link. 1 minute ago
Diamond Foods [DMND 25.654 -0.046 (-0.18%) ]: Cramer likes this company's stock, but doesn't recommend buying shares just yet.
http://www.cnbc.com/id/46725873
this is a BUY recommendation that just
cannot be official until the accounting
restatement is complete.