Vertical Computer Systems Inc (fka VCSY)

[cougar24]

Is this new?

Many shareholders have asked when will VCSY’s stock will be trading again.

http://www.vcsy.com/faq.html#collapsetwenty-seven

VCSY is currently seeking funding to cover the costs of the audit (plus the first and likely the second quarterly review of our financial statements. In connection with an audit, we also need to have funds to pay employee’s salaries as well as other ancillary costs associated with the audit and as well as the application fees and costs for listing on the OTC Link (aka the Pink Sheets).

Realize that the company has to balance the need to successfully prosecute ongoing legal proceedings with the need to get VCSY common stock in a position to trade on the Pink Sheets.

For those shareholders wondering when the audit will be completed, realize the company has to have all costs covered before an auditor can be engaged (that is one reason why VCSY often filed late). The auditors will need some time before we will have a sense of when the audit will be completed. We will update our shareholders but only when we have a clear sense of a timeline that we will be able to meet.

In sum, we are working to raise the capital required to get the stock re-listed and we appreciate your patience.