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Buy a few shares of COIN the volatility of that stock will keep you occupied while this dog does the slow roll belly up
If wishes were horses
Beggars would ride:
If turnips were watches
I would wear one by my side.
And if if’s and an’s were pots and pans,
The tinker would never work!
"I tried to tell everyone he needed to go 10 years ago and Baby Zuk ( Dan) kicked me off his board. Go figure."
"There are non so blind as those who will not see"
If you write it off you can still buy back in (and take the loss). Just be careful about a wash sale
As a side note. what do you honestly think the probability is that this will rise to 25 cents/share
You are probably in the best position. Isolated in a seldom used account
Where are you now. Oh I know S O L. lol
Personally, I will have written this off or started to write this off by 4/15/2022. I'm not hanging on until 2024
my wife can't get away from work. But a little Scotch and watching a hockey game will always raise the spirits
As for the Q and A line. Well, I don't have a lot of confidence there.
I've already read the FAQ's sheet.
If it isn't updated regularly it just become old news
It certainly looks that way. If so they should let us know so we can begin to adjust our portfolios for 2021 Taxes
I was wrong they are not obligated to file old 10, K's and Q's
The Order further provides for, pursuant to Section 12(j) of the Exchange Act, revocation of the registration of each class of Vertical’s securities registered pursuant to Exchange Act Section 12 (which had been Vertical’s common stock). The revocation became effective as of January 6, 2021. Consequently, since Vertical is no longer subject to SEC reporting requirements, Vertical is not obligated to file the delinquent annual Form 10-K Reports for 2018 and 2019 and the delinquent quarterly Form 10-Q Reports for 2019 and 2020.
And by selling to "Qualified Investors or Accredited Investors" they don't have to file either
My understanding is (I could be wrong) that they need to provide all of those missing K's and Q's in order to be relisted. (SEC regs). I don't know how they view the original holders of the security, but FINRA indicates they have to file for all new sales unless they are sell to a certain group of investors. Qualified buyers being one.
It sure would be nice to know what these guys are doing. Even if it's just to find out we are belly up
It would be nice to know if we are talking to audit firms about 10, K's and Q's
more like Farias
net income from continuing operations looks negative for 2020
Yes, but it's a wonderful talking point
If VCSY was making $4.00 a share it would be a lot easier to tolerate everyone's opinion
Everyone would be in a good mood.
You should not have to go. You should get a ballot with the officers names on it to vote for or against them and whatever ballot measures are being proposed. You can also assign a proxy to vote your shares for you.
Well, we are all purists at heart (living on grant money) until we have to skip a couple of meals. Then reality sets in
Khrushchev?
"even if it's unaudited."
would be good. We could have some feel for the revenue stream
Does SBV make any money or are all these guys just living off grants?
I think most of what Wade did (if not all) was window dressing to pacify SH's, fuel his vices and cover his incompetence.
Did Len and Scott put him on the board or was it the folks at vcsy-chat?
They could use a few skeptics over there
neither outcome is good
my wife and I were reef fishing off Key Largo (years ago). We caught a small grouper. He had swallowed the hook so when we let him go, he started the slow spiral downward. Within minutes he was sideways in the mouth of a barracuda. Until VCSY gets audited and relisted by the SEC, it will be the slow spiral down. Until bottom or barracuda
As far as I can see there are only a handful of people working for this firm. Some can immediately be dismissed (Wade & Mills). They will be examined via discovery and depositions. Is a forensic accountant need for the remaining group. To ferret out wrong doing.
P.S. they barely pay once
We need to do the minimum necessary to satisfy the SEC. They can do the in-depth investigation after they achieve financial stability. If they think there has been financial mismanagement or pilfering people should be let go. Right away.
I would like to know:
(1) how much money NOW is generating.
(2) Some type of time line with respect to the Audit
I'm not disappointed. I've listened to the nonsense surrounding this firm for years. I want results. I give it a year. Then I move on
The inability to recognize reality is what took down the toilet.
Reality: VCSY is de-listed and broke
I understand your position, and it is, to a certain point, justifiable. However, there are downsides to having these dead shares in your account. You can't do anything with them (If you choose to TOA your account to another firm). Not to mention the fact that this company has been slowing sinking for decades (now DOA). I know that is not the result of the current BOD, but little or no progress just reinforces this Belly up Scenario.
"as much time as necessary"
Even if it is years not months? I need to see progress or I'm dumping it as a total write-off loss. That's my personal opinion.
At the very least show us some movement forward. According to the FAQ's page it took 3 months just to get into the old corporate offices to retrieve servers and documents. At this rate Wade will be dead before anything can be done about him. (so will most of us)
P.S. I don't listen to anything those guys at SBV say
"More matter with less art"
This is this same nonsense that has been perpetuated for 20 years. What has it generated? DE-Listing! As K9narc said in post #2340 "Did any of this come to fruition?"
I post this as a froth warning
I guess we are not going to get an answer to this question
The pool of potential investors is probably small. So they might already be familiar with the management group, and not affected by their political leanings. I personally find it best to stick to business and not get sucked in to these things
There are a bunch of Airhead people affiliated with this firm (mostly on chat boards and BOD) who believe that there is someone (other than themselves) who gives a #hi# what they think. This firm should be about ROI not virtue signaling.
Lets stick to the facts and leave the social commentary to the NYT and the Brussels
If they are serious. Then we need a time line. 1,2,3 years what time frame are we looking at. Something more than "it depends on when we get funding". Also a little less of the exaggerated claims that have little to zero basis in reality