You have absolutely no idea just how much research I have done on this company. It began before the registration filing even became effective.
"We incorporated in the State of Delaware on May 27, 2005. We commenced business, under the Vital Products name, in June 2005, having purchased assets from Metro One Development, Inc. (formerly On The Go Healthcare, Inc.)"
This is the business they purchased from Metro One (On The Go)
"Vital Products, Inc. (the "Company") was incorporated in the State of Delaware on May 27, 2005. On July 5, 2005, the Company purchased the Childcare Division of Metro One Development, Inc., (formerly On The Go Healthcare, Inc.), which manufactured and distributed infant care products. As of July 31, 2008, the Company's sole business was to manufacture two products under the On The Go name: a padded training seat and a baby bath."
Metro One (On The Go) retained the patents for those two products.
This is what they (you) paid
"Notes payable to Metro One Development, Inc. - 1,766,210
I can't convince you because you refuse to see. If you are going to put your money into these kinda of stocks the most important lesson you can learn is to recognise a mistake quickly and react. Hopeing, wishing, and waiting are going to cost you.
" I guess to put it mildly, charhorse and followers can't seem to differentiate between OnTheGo and Vital Products, Inc." This is the most niave statement I have read yet
This is my prediction, You are going to lose your whole investment here. It will not please me if I am proven correct. I leave you with this to think about
" LIQUIDITY AND CAPITAL RESOURCES
As of July 31, 2008, we had total current assets of $2,802 and total current liabilities of $2,155,893, resulting in a working capital deficit of $2,153,091. As of that date, we had cash of $2,802. Our cash flow from operating activities for the year ended July 31, 2008"
