Hello Bottom Fishing:
Thanks for the post about the suspension,
I have never experienced anything like this before in 20 years, (the situation as it stands with Vitamin Spice aka Qualsec)
All trading must be done through a broker, there are shares that have been issued and validated under false pretenses by the transfer agent, STALT out of California for the benefit of J. Hand, esq,. and his alter ego's, management of VTMS which consists basically of ED. B of PA. who invented the idea, has pursued legal action as a measure against the fraud committed against VTMS and its real shareholders.
Shares issued by VTMS and later freed up under false pretenses by stating to transfer agent STALT that VTMS had never previously been a "shell" was false and contained material misinformation in order for J Hand to gain a control over the trading of VTMS on the public markets. Once discovered, ED. B dba VTMS confronted the issue and discovered that multiple violations of SEC regulations have been perpetrated against the shareholders of VTMS by J Hand and others who were prohibited from engaging in securities activities.
A court case was opened in PA by J Hand and his gang to force a bankruptcy of VTMS. The attempt was unsuccessful, the ruling was that VTMS was allowed to file a counter-claim against HAND, this counter claim was successful. The ruling by the PA judge layed out a case for VTMS against HAND in a way never seen before in "penny stock" cases.
The groundwork being dug here by VTMS and the courts is landmark by its nature. A case will resume in San Clemente CA to determine the merits of the case against HAND by VTMS and its team of high powered attorneys.
It should be notated that there is no love loss between ED. B and Jehu HAND, it seems apparent that ED is seeking to destroy the legal license of HAND permanently, to DISBAR him for LIFE. HAND offers little defense and appears painted in a corner at this time.
Several outcomes remain possible, including the recapture of shares from HAND, cash damages, potential prison time, sanctions and/or injunction orders against HAND by the SEC, courts or both. Other outcomes include, a complete loss to all VTMS investors.
