Man! You are absolutly right! You clearly took everything I posted, everything I said about disreguarding OnTheGo and you did some awesome research. WAIT! NO YOU DIDN'T
You are right though, OnTheGo doesn't have patents for their products and yes the business did shut down. They were just a company with 2-3 employees not including the CEO that produced two products. What I like to call a middle man. All this information is available in the the quarterly reports and the NT 10-Q. I'm not going to bore all of you with the details on how OnTheGo was crappy... again. Failure is expected no one is perfect. Persistance is key to success. Do you know how many times Abraham Lincoln failed before he became the great person he is reguarded as today? Look it up.
Now Vital Products, Inc. however is a great company. First they didn't buy this company from anyone. This a company they started
"On October 21, 2008, we entered into a sales and marketing agreement with Eco
Tech Development LLC of Nevada, a product research and development company
specializing in eco-friendly industrial packaging applications, whereby we
will market certain proprietary and patent-pending technologies that have
recently been developed by Eco Tech, beginning with the marketing of a new
bio-based foam packaging product"
Now pay special attention to the part where they said patent pending products... Don't know how more black and white you can get with that.
I guess to put it mildly, charhorse and followers can't seem to differentiate between OnTheGo and Vital Products, Inc.
Revenue Recognition
The Company recognizes revenue in accordance with Securities and Exchange
Commission Staff Accounting Bulletin No. 101, "Revenue Recognition in Financial
Statements" ("SAB 101") as modified by Securities and Exchange Commission Staff
Accounting Bulletin No. 104. Under SAB 101, revenue is recognized at the point
of passage to the customer of title and risk of loss, there is persuasive
evidence of an arrangement, the sales price is determinable, and collection of
the resulting receivable is reasonably assured. The Company generally
recognizes revenue at the time of delivery of goods. Sales are reflected net of
discounts and returns.
Pay attention to the last two sentences... this is all information that is available in the last quarterly reports.
Charhorse nothing personal against you but before you go off knocking other people's research please at least have viable information to fight with. It's not wise to show up to a gun fight with a knife.
By the way let me mention that I currently hold approx. 50,000 shares and am waiting for the trough to buy in another 50k.
I'm not in the debate for fun or to say I know everything. I am seriously challenging someone to give me a GOOD reason as to why this company will not take off. Too few have tried and failed for me to reverse my decision.
AI
