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Birds of the same feather flock together. That's an old saying that proves to be correct over and over again. Looks likely that those guys are going to get put away. Wonder what will happen to our guys? With the direction they appear to be going, I suspect the same.
So will it be devine in '09? eom
If he's not destroying it intentionally, then where are the financials? He sure is acting like he has something to hide. I mean, it's practically June '09 and still no '08 financials. No one could be this inept.
I wonder how many shares PV has dumped today. If he EVER plans to release any financials, I doubt that he will until he has finished dumping. It appears to me that this guy is about as bad as it gets. He certainly has a lot of nerve if he's pulling what he appears to be pulling.
Wow. Some serious movement here. If the volume does a double or a triple on Monday with some upward movement, even I will start believing again. Keep it up guys!
Unbelievable. Another late filing notice. The nerve of this gang is incredible.
First quarter '09 due today and still no word on 4th quarter '08 financials. Has this company gone totally dark? Looks again like the word of Verges means absolutely nothing.
Dear Staci,
Since this company feels no obligation to account to anyone for anything, why don't you all just terminate the entire accounting staff and use the savings for a real stock buyback? No need for accountants when there is no accounting.
Dear Staci, please ask your brother to read the life stories of Bernie Ebbers and Jeffery Skilling. Tell him to pay particular attention to the last chapter of each, as they should be very enlightening to him.
Dear Staci,
Does this company produce any products or services other than the printing and sale of its stock? Since Phil will provide no evidence to the contrary, and he has been habitually untruthful to the shareholders for years now, how are we to believe anything he says without concrete proof?
Again, please provide proof that this company is anything more than a printing press operation created solely for the benefit of management. The promised audited financials would be a good place to start.
Thank you
P.S. Since Phil is so fond of writing those cute letters to us in regard to his frequent airline travel, please ask him to detail his travel, meal, and entertainment expenses for us. Since we are paying for his visits to these exotic foreign lands, I think it's only fair that we are kept apprised of where he is staying, where he is dining, and what kind of entertainment he is partaking in at our expense. Thanks.
Yeah, that's the scary part. Sounds as if he intends major dilution to finance operations after the R/S. Could eventually find ourselves close to back where we started but with only 5 percent of our shares.
It was only a matter of time until the R/S. Glad I lightened up. Verges is incredible. He brags about his qualifications, yet he doesn't appear capable of doing anything right. Amazing that he is still running this company.
17.5 million shares at .0001 - .0002 is nothing but pocket change to him if he and his gang are the one's buying PXITE. I'll believe that he's backing up his word on anything when I see it, and I won't be holding my breath on that one. This guy's behavior has gone way beyond ridiculous. I don't think that I've ever seen any CEO on any level make so many enthusiastic promises which he never manages to keep. If it is somehow not a scam, he sure is doing his utmost to make it look like one. File the financials for '08 Phil. We are well into the 5th month of '09 if you have not noticed.
I got out for the most part and now only hold a small position. I just don't trust this guy. Nothing he says ever seems to come true. Zero transparency.
Working our way toward five months of no financials. Not a good sign. Even a ten dollar an hour "Bob" from Accounttemps could have accomplished this long ago. I'm getting very suspicious about what is going on here.
You mind telling me why it was sent back? I thought they were soliciting attorney's fee contributions.
I'm in Texas and do get to Dallas from time to time. If they continue with their inability to behave like a public company, I may have to make a run up there and teach those guys a little Accounting 101. This is getting more than a little ridiculous!
EVERY single one of you guys needs to contact the SEC regularly. Only an avalanche of pinky complaints will get them to possibly take notice. You should at least make an effort to get this guy. When I saw that he was installing his "outside" accountant as president of the "new" company several months ago, that's when I said no way Jose to buying this junk. Good luck.
This stock barely even trades anymore. Four or five thousand dollars worth of stock hardly qualifies. If someone decides to dump a few million shares, this stock will drop like a rock. Management has provided no reason for anyone to buy.
Yes, it appears that he has turned off everyone to nmkt. I have very little doubt that he took this pink in an attempt to protect himself from liability and from being ousted. IMO, he has no clue.
Where's the webcast?
How does this guy expect to gain any credibility at all when nothing that he says ever comes to pass? I guess he just doesn't care.
Yeah, he doesn't look like he has any real interest at all in leaving the hidden world of the pinkies. He can operate with relative impunity down there. Anyone know if the CFO is an old buddy of Phil's or what? He must be, because I cannot imagine anyone putting up with this kind of performance from their chief accountant. A lot of things here just don't pass the smell test.
It appears that these guys have no business running a public company. It certainly is no wonder that it trades on the pinks at around 2-3 cents. Unfortunately, 2-3 cents may sound good before these guys are through. Really pitiful.
Not looking good here. Either this guy enjoys punishing the shareholders, he is totally inept, or he has a devious plan of some sort. Could be all of the above. Come on Phil, surprise us!
They filed for an extension last I heard. If they do not file by Wednesday, I believe they will be in deep doo doo again as far as moving off of the pinkies anytime soon. We shall see.
Anyone think that he has been running this company into the dirt with a plan of eventually taking it private? He sure hasn't been doing the right things in order to build a legitimately successful public company. How did he plan on doing that Everex deal anyway? Massive dilution? His moves just don't make sense. If you want improved access to hardware, seek out a partnership of some kind rather than an outright purchase. This company has no business buying much of anything at this point.
I see that no one is exactly overly excited about the big Worldwide Strategies webcast. I guess we will be getting another exciting shareholder letter next. Same old stuff here.
YeeHaaaaaaaaa!!! eom
But why make this transaction in the first place? Everything here is very much cloak and dagger, and it sure would be nice if Dr. Phil would remove the company cloak.
Maybe someone needs to introduce this guy to a thing called video conferencing. This constant traveling around the world has gotten WAY out of hand. Shanghai ain't exactly cheap, and I wouldn't be surprised if he goes first class all the way.
I really never thought they would make the 120 million estimate, but did he actually say that earnings would be late again? If so, that's pitiful. How does he expect to get on an updated exchange if he can't even handle timely financials? How his overpaid CFO keeps his job is beyond me. Ridiculous.
It seems that every time it hits .031 someone dumps. Kind of makes you wonder who's doing the dumping.
Sure, let's all work on the Ibox! eom
Yeah, nice volume but very unimpressive price movement. No doubt that you guys are right in that this company can't support the outstanding share count. If they have the cashflow they claim, then a REAL serious buyback should be in order. Guess we'll find out if he's going to reduce the count through a R/S or just let this thing ride out, because he sure as hell doesn't seem to be interested in taking the outstanding down the RIGHT WAY. Guess we'll also see if we have any follow through this week on today's little rally, or if this is just another head fake. The guy needs to get real. GLTA.
Thanks. I guess all of us longs need all of the luck we can get. I'm a newer long and haphazardly decided to press the button, but I did trade nmkt a little a couple of years back when it was ten to twenty times current levels. Since there was no moderator here, I'm crossing my fingers that maybe a moderator of some sort (LOL) will be good luck for us all. Come on Phil, prove me right!!
Probably the weeds.eom
Just bought a chunk. Don't disappoint me Verges like you have done to so many for so long. Time for your word to mean something!
Thanks for the synopsis. Do you know the guy personally? I was lucky enough to have bought in at the very low two's, and am trying to decide whether or not to take my small profit. I've been in pennies run by scumbags before, and I know that it's usually wise to jump ship with ANY reasonable profit. How could this thing possibly be trading at these levels if the numbers were real? I'm in the Dallas area and may swing by to check out this guy's offices sometime soon. GL.
Think the jerks have already started buying. This slow steady movement kind of makes it look that way.
Would that be in giving "equity" to others? I guess that is called dilution in one form or another. Not surprising.