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Recent Sales of Unregistered Securities
We issued an aggregate of 62,267,147 shares of our unregistered common stock at purchase prices ranging from $0.01 to $0.0625 per share during 2009, as follows:
.....
We issued an aggregate of 15,925,000 shares of our unregistered common stock at purchase prices ranging from $0.02 to $0.064 per share to accredited investors during 2008, as follows:
.......
All of such shares were offered and sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended.
7. FiberXpress, Inc.
On July 24, 2009 we entered into an asset purchase agreement to acquire Fib e rXpress, Inc., a company that sells specialist data network related products through its Internet web site. Fib e rXpress has not performed as expected and we are looking for suitable options.
SURPRISE, SURPRISE, SURPRISE....
http://www.sec.gov/Archives/edgar/data/1075857/000102317510000071/viewsystemsinc10k2009draft3r.htm
Our September 2009 acquisition of FiberXpress, Inc., an e-commerce platform, has not resulted in meaningful sales activity. Accordingly, we are reviewing our options with respect to this acquisition.
No problem.
These guys are really pumping hard, they must have been paid in restricted stock that just got freed up because they are reposting old PRs almost daily.
I doubt they'll mention the 10K!!!! LOL!!!!
No, there's still you.
I'm not responding to you.
I'm just adding arguments to your comments in the spirit of healthy debate.
I apologize if I have offended you by posting facts and truthful statements and intelligent observations and realistic predictions based on historical events.
On the other hand, how difficult was it to figure out that I'm the only one left to read your posts?
We estimate that we have less than a 1% market share of the surveillance and weapons detection market. We compete with many companies that have greater brand name recognition and significantly greater financial, technical, marketing, and managerial resources. The position of these competitors in the market may prevent us from capturing more market share. We intend to remain competitive by increasing our existing business through marketing efforts, selectively acquiring complementary technologies or businesses and services, increasing our efficiency, and reducing costs.
This must be the reality/fantasy complement section.
Deteriorating Revenues and exploding expenses can only mean more dilution. Everytime the shares are issued for cash they issue themselves additional shares to maintain control.
sales down 50%
cost of sales up 100%
expenses up 100%
"other" expenses up 300%
http://www.sec.gov/Archives/edgar/data/1075857/000102317510000071/viewsystemsinc10k2009draft3r.htm
At our current revenue levels management believes we will require an additional $1,200,000 during the next 12 months to satisfy our cash requirements of approximately $100,000 per month. These operating costs include cost of sales, general and administrative expenses, salaries and benefits and professional fees related to contracting engineers. We have insufficient financing commitments in place to meet our expected cash requirements for 2010, and we cannot assure you that we will be able to obtain financing on favorable terms.
IT'S A PENNY STOCK SCAM.
144 units and a backlog of $215K?
Doesn't work to well with your other math posts?
What happened to $10K per unit?
What happened to the 100 units that were supposed to ship before the end of 2009?
When are you just going to admit this is a penny stock scam?
Perhaps they were laughing so hard they couldn't speak.
We anticipate registering in the second quarter of 2010 sufficient shares of our common stock to raise at least $1,200,000.00.
http://biz.yahoo.com/e/100331/vsym.ob10-k.html
So does this mean 240,000,000 additional shared issued in the second quarter???
Or perhaps they'll just go for the Full Monty!!!!
ROTFLMAO!!!!
This says it all.
Net income (loss) (1,560,012)
One and a half million dollars down the drain.
83,903,369 shares of common stock are outstanding as of March 30, 2010.
http://www.sec.gov/Archives/edgar/data/1075857/000102317510000071/viewsystemsinc10k2009draft3r.htm
THAT'S 5 TIMES AS MANY SHARES AS WERE OUT LAST YEAR!!!
The number of shares outstanding of the issuer’s common stock as of the latest practicable date was 17,175,222 shares.
http://www.sec.gov/Archives/edgar/data/1075857/000102317509000076/viewsystemsinc10kedgarproof.htm
So how come they lost $1M last year?
How is it that they have lost $20M since inception?
Is there even a single year in the history of this POS that they didn't incur a net loss?
So what about the 100 they were supposed to ship last year?
What about all the 400 units they were supposed to ship to Italy 10 years ago.
Quite a backlog they have going there. ROTFLMAO!!!!
Who is Dr. Naseeb Qirbi?
Is he the president of Yemen? Nope.
Is he the Secretary of Security for Yemen? Nope.
Is he the purchasing agent for Yemen? Nope.
He's just a real estate developer.
Mabani is a closed stock property development company that conducts its business in property and real estate development and investment, and related businesses.
mabanicsc.com
This is just more fraud to distract you from the disaster that is due tomorrow.
More dilution
500,000 @ $0.03 as a bonus.
What a scam. Truly these certificates most come on a roll.
http://www.sec.gov/Archives/edgar/data/1075857/000102317510000060/xslF345X03/primary_doc.xml
They dump alot of penny stock shares in Florida.
Finx Group I think.
Something about releasing info
A new web page.
If only Lehman Brothers had thought of that.
So view was too busy to bother with ISC West?
Well there's another one next month that they won't be attending too.
http://www.counterterrorexpo.com/page.cfm/Link=1/t=m/goSection=1
So if Visisys were to buy out view for the $8M tax loss how much would they pay for it given that that are ~80,000,000 shares?
It would be worth a dime I guess, except for all of the merger and accounting costs so maybe it's worth 5 cents then they end up with $1M or $2M gained after disposing of all of the non-performing components (management included).
So what happens when view issues another 100,000,000 shares to cover all the losses from last year.
No one is hanging around with view because it's a great company with a bright future.
So view is willing to print and sell shares so that you can pay for gunther's car but, they can't scrape up $4,000 for a trade show booth?
http://www2.iscwest.com/images/180/expoEASE/Value_Package_Options.pdf
900 companies attending but no gunther...
maybe it's like the "No Homers" club on the Simpson's?
Interesting tidbits about what the competition is doing.
Nearly half of ISC West buyers do not attend any other major security event.
ISC West attendees say it’s the best place to discover new products & trends.
In fact, 95% of attendees come to the show to see new products.
90% of attendees are involved in the purchasing process for their organization.
68% of buyers have an annual budget of $100,000 or more for security products.
23% have a budget of over $1 million.
*per 2009 post-show research
http://www.iscwest.com/en/ISC-West/Exhibitor-Info/Interested-In-Exhibiting/
ISC West starts tomorrow.
Where's waldo?
Apparently he and gunther had other plans.
http://www.iscwest.com/
Perhaps if they went to one of these things occasionally they could actually sell something besides stock certificates.
Did you read the article?
Do you understand the product and the potential markets?
Just what product could view bring forth into the consumer gaming market that would interest the wall street journal???
Oh yes of course, the mini sim cam, what could possibly be more exciting that watching abandoned houses on IR cameras.
What you'll find they have in common is the massive dilution following the toxic finanacing.
Try looking that stuff up on google shopping or yahoo shopping. There's just Garrett and a couple of other manufacturers. Look up the mini sim cam, all you find is the v900 series for less than $200 each.
There's a trade show in Las Vegas next week. No view systems. No view sales. Just like the ISNR in Abu Dhabi.
http://www.iscwest.com/
The paint won't support a building with a bad foundation
Price Size Exch Time
0.06 500 OBB 15:07:27
0.045 113 OBB 14:38:43
0.0411 66960 OBB 14:18:10
0.045 10000 OBB 14:18:04
0.05 8000 OBB 14:18:01
0.05 12000 OBB 14:17:55
0.05 9000 OBB 14:17:54
0.05 15000 OBB 14:17:50
0.0501 2000 OBB 14:17:32
0.05 4000 OBB 14:17:29
0.05 10000 OBB 14:17:29
0.0501 2000 OBB 14:17:22
0.055 17040 OBB 14:17:19
0.055 5000 OBB 13:38:53
0.06 500 OBB 13:32:27
0.055 1000 OBB 13:06:31
0.06 7950 OBB 12:57:48
0.06 700 OBB 12:55:33
0.06 300 OBB 12:54:41
0.055 30000 OBB 12:08:50
0.056 15000 OBB 12:07:05
0.055 1960 OBB 11:12:02
0.055 10000 OBB 10:26:08
0.055 8000 OBB 09:30:02
0.055 2000 OBB 09:30:02
So now there are more places to not purchase the Betamax of metal detectors?
Perhaps you should be considering why the latest "update" didn't mention anything about the 100 viewscans that were supposed to ship to the middle east before the end of last year.
It's less than two weeks until the 10K is due.
Eventually they must disclose the facts or get delisted.
Remember, you can't polish a ****.
But, feel free to keep painting it. ROTFLMAO!!!!
Of course the secret to business success is to have customers.
Which view lacks in droves.
Not that websites aren't nice.
I'm rather partial to the ones with dancing hampsters myself.
wow websites....
who would have thought that someone would bring a penny stock scam to the internet.
they must be spending 30 or even perhaps even 40 dollars on all that website.
but there is still that problem of hemorrhaging $1,000,000 cash every year, of course once all the other websites that sell the same cameras for half price are gone..... everything will be rosey.
I think me and gunther rate this stock the same...
strong sell, sell, sell
or maybe he's more print, sell, print, sell
OTCtipReporter.com services are often paid for using free-trading shares. OTCtipReporter.com may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
Since OTCtipReporter.com receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in OTCtipReporter.com statements and opinions and such statements and opinions cannot be considered independent.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=vsym
That would explain yesterday's "news"
On January 21, 2009 we announced our investment in Technology Corps, Inc. (“T-Corps”), a veteran-owned service company. We were founding shareholders. In exchange for a 30% stake in T-Corps, the Company was to loan T-Corps funds provided that T-Corps first obtained a contract to provide services to a customer. We have subsequently deemed this investment to be valueless and have not included it in our financial statements because T-Corps never succeeded in obtaining any business, and, in July 2009, its president resigned. We believe that T-Corps is presently inactive.
http://www.faqs.org/sec-filings/091015/VIEW-SYSTEMS-INC_10-Q.A/
Stock Profiler.US, LLC has been compensated for services rendered; Stock Profiler.US, LLC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.
pump sheet again
only vsym and one other penny stock scam mentioned
Here comes the death spiral.
diversified web holdings appears to be another fabricated entity that has a track record of one pump and dump.
perhaps they'll get it to a dime in 4 to 6 weeks then.....
look out below
View Systems CEO, Gunther Than, states, "I fully expect the MINI Sim Cam to add $2-3 million in annual sales to the company once the product has been introduced and has gained national attention. I am looking forward to seeing how this campaign progresses. I am confident that Diversified Web Holdings will promote the MINI to all the appropriate channels, yielding sales and profit for the company."
Now let's come back next year and see if this POS scam product is even mentioned anywhere.
How are they getting paid?
On profits from performance??? LOL!!!
NO!!!!
They are going to get paid in stock certificates and a new pump and dump ensues.
no, it's mothergoose.com
ringling.com does the HR.
Mini SimSCAM
It's just another BS stock promotion scheme.
Someone needs to call a lawyer.
http://www.goodjobchina.com/V900-B2-GSM-Remote-Camera-with-mms-function-p-17870.html
So much for millions of dollars per year!!! ROTFLMAO!!!!
http://www.diytrade.com/china/4/products/5731042/GSM_SMS_Remote_Contorl_Wireless_Camera_MMS_Alarm.html
$159.5 and falling
http://cgi.ebay.com/GSM-Remote-Surveillance-Alarm-Camera-motion-detect-V900_W0QQitemZ260559151251QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item3caa892093
Sentiment : Strong Sell
It's come and gone with no sign of view products, just like the winter olympics.
Great ostrich imitation though!!!!!
Several million dollars? ROTFLMAO!!!!!
How many times does pinochio have to tell you that lie before you figure it out?
Have they even had a single order? I doubt it.
How many did you buy?
I bought zero. I plan to buy zero more in the near future and have long term plans to purchase zero.
How many has gunther bought? Or is it like shares? He hands them out like candy to his friends then stuffs a handful in his own pocket.
Face it guys, this is just one more scam in a long line of "forward looking statements"
A year from now this will be forgotten and he'll be peddling an oilless countertop cooker that works on millimeter waves.
It's the last day and gunther still hasn't found the place.
It's a balmy 80 degrees, maybe they went to the beach instead?
I see the printing press is running at full blast though.
It will all be obvious at the end of the month.
Why Exhibit at ISNR Abu Dhabi
In addition to being the Definitive Event for Security and Resilience in the Middle East, ISNR Abu Dhabi is a business hub that allows for the exploration of new markets and partnerships in the region. Furthermore, exhibiting at ISNR will elevate opportunities such as:
•Meeting key government procurement officials.
•Displaying your full solution to the security community.
•Targeting specific procurement projects.
•Launching and demonstrating new products.
•Networking in a concentrated business environment.
http://www.isnrabudhabi.com/exhibitors.aspx
Kinda difficult to become a de facto standard when you can't even find the arena
Organized in association with the UAE Ministry of Interior
The UAE Ministry of Interior is working exclusively with the ISNR Abu Dhabi to bring regional and international delegations to participate in the event. As a result, ISNR Abu Dhabi will provide companies from related fields an excellent opportunity to showcase their work before a strong local and international visitor profile. The event will also welcome VIPs from various multinational companies and governmental organizations looking for security solutions for their essential requirements. The Ministry of Interior will manage the official delegations participation at the show.
ISNR Abu Dhabi Mar 1-3, 2010 ---- Day 2
view doesn't even have a cardboard cutout in the parking lot.
if there is still any doubt that this is just a penny stock scam,
the 10k will be due at the end of month to remove those doubts.