You are right this is very confusing. I have not read thru all these documents, but I don't see another S-8 filing. The o/s count has increased dramatically. 130mn shares approx since the end of March of 07. It does appear that all this selling has taken this down. Only the insiders know why they are buying. Lots of money has come out. It appears the owner has been selling high, and buying low. Any money acquired by him thru and S-8 in the way of salary is in fact retailers dollars of investment. Selling at .18 and then buying back at these levels would suggest that he and a few others are trying to rally this stock.......considering what has occurred over the past year would also suggest that some caution is warranted, and it deserves to be watched.......its hard to say where this is going?
The trick now is to follow what occurred since April of this year to present and see if we can find what there is 130mn more shares.
000-27277
(Commission File No.)
VOCALSCAPE NETWORKS, INC.
(Name of Small Business Issuer in Its Charter)
NEVADA
(State or other jurisdiction of incorporation or organization 98-0207554
(I.R.S. Employer
Identification No.)
170 E. Post Road, Suite 206
White Plains, New York
(Address of principal executive offices) 10601
(Zip Code)
Issuer’s Telephone Number, including area code: (914) 448-7600
Securities registered under Section 12(b)
of the Securities Exchange Act of 1934: NONE
Securities registered under Section 12(g)
of the Securities Exchange Act of 1934:
COMMON STOCK, $.001 PAR VALUE
Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o No x
Check if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. o
Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act). Yes o No x
Issuer’s revenues for its most recent fiscal year were: $208,617.
As of April 13, 2007, the aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the stock was recently sold was: $1,109,566.
Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act: Yes[ ] No [X]
As of April 13, 2007, there were 70,945,504 shares of the issuer’s common stock outstanding, 35,000 shares of Series A Convertible Preferred Stock outstanding, and no shares of Class A Common Stock outstanding.
Transitional Small Business Disclosure Format (check one): Yes o No x
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