Bandr, As someone interested in VSMR I have taken considerable time to review the many posts including your posts and links to newspaper articles and regulatory decisions.
You are obviously bitter towards this Dan Scamell and maybe rightfully so, but I haven’t been able to decipher the reason from your posts.
1. From your posts you seem to have certain amount of insight into this Scamell. How is he currently involved with VSMR?
2. VSMR filings are up to date with the OTC Markets, which for me is a good indication the company has a plan for the future, filings and financials cost money. I am sorry I don’t believe the books are cooked, all directors have to sign off on financials etc even if unaudited and they put themselves at serious risk if all is not in order.
3. I have taken the time to call the office and have spoken with Lou Pingitore. I found him to be forthright with where he sees the company growing. I have researched the officers and directors of VSMR and I have to say I’m impressed with their bios. Also, the company appears to have funding to move forward on their business models, which to me is extremely important.
4. From the 2012 BCSECCOM 176 ruling, he was definitely offside on raising money for the company, but I also read in the decision under “Enrichment” that not only did he not profit from the venture he actually lost considerable money. Now, with the company moving forward, those people who invested may have the opportunity to actually profit from their investment.
5. You mentioned he uses the pump and dump money to renovate his house and next sentence you say the house has been foreclosed on which I’m assuming means he couldn’t keep up with his mortgage payments. It doesn’t make any sense that he would renovate his home and not keep up with his mortgage payments.
6. If this is a pump and dump, it is a horrible one, although the price has appreciated, the volume is incredibly low, it would be impossible for anyone to unload any sizeable amount.
7. You don’t seem bitter towards VSMR as much as you are bitter towards this Dan Scamell. If you could let us know how he wronged you and how he fits into VSMR we would appreciate your insight. But right now it just feels like you are bitter towards this man (can’t find him associated with VSMR through 8k’s etc) without giving any real concrete evidence as to why we should stay away from VSMR.
8. This is considered a penny stock and they carry considerable risk, but I am an adult and accept the potential risk reward ratio.
