Viratech Corp. (VIRA)

[themuppitman]

LOL.. you must be a newbie...  You know what they say about a fool and his money..

First off the stock is not going down because of us bashing it, in fact what we have to say on here has very little effect.  The reason the stock is dropping is because of the MASSIVE DILUTION that is going on.  The PPM just released last week states that shares are being sold at a discount and investors can immediately go out and dump these into the marketplace.  Ken sent a letter out that he is holding a meeting to DOUBLE THE AUTHORIZED SHARES to 2 Billion!!!!  Why would he do that if he was serious about doing a buy back?  The bond was supposed to come in before March.  All Ken is using it for is to rope in investors for his PPM.  If he had 10 million to pay for the movie, why is he trying to sell shares and units like crazy to raise the money?  The $10 million is bogus.  It is never coming in.  It was supposed to be in for March.. now Dec 07..  company looks like a fake..  Your argument that this is bad business is laughable.  As if Ken has some kind of conscience.  This is the same guy who has been suspended from law practice 13 times:

http://members.calbar.ca.gov/search/member_detail.aspx?x=93774

And who takes money out of clients trust accounts:

http://www.investorshub.com/boards/read_msg.asp?message_id=20314458


And doesn't pay employees:

http://www.investorshub.com/boards/read_msg.asp?message_id=20314467

Here is some DD about Nexxus:

http://www.kycnews.com/message_board_detail.asp?id=56294&page=1

Look at the pattern of deception with Imperia and Eade.  Many promises made and broken.  Look at the MUMI board.  SIIR was supposed to be finished over a year ago.  He has announced about 10 different times that the project is finished.   In PPM he states that he is still trying to raise money to finish it.  For the movie ATIN he stated it was projected to make $10 million!!!  It made nothing.  

Oh, did I mention he admits in the PPM that he has been selling shares into the open market since March in a Reg D offering and is continuing to do so?  The price is dropping because the company is selling and giving away shares, not because of what we are saying...

As I said before, those who don't learn from history..

-Here is my prediction.. stock drops to 0.0001
-Ken's vote goes through to increase authorize shares to 2 billion (because he controls all of the preferred shares)
-A reverse split
-Dilution starts all over
-You finally see things our way after learning a hard lesson..