Replies to post #6884 on Valcom Inc (fka VLCO)

[Neo Matrix]

Thanks for sharing your thoughts Ronnie!

I also asked myself a couple of days before the question "Who is DOS" and came to the result: "Just" a one man show. Well, that mustn't mean anything, but anyway is has a strange taste, if 16 Mio US$ "revenue" depend on one's man word...

I am from a board in Germany and we are discussing the last quarterly reports in the moment. Furthermore we're trying to find out why VLCO went backgrupt in 2007 as well as in which conditon the company was before 9/11, because is was mentioned here several times that Vince wanted to put VLCO to Nasdaq, but than came the tragedy across.

Could you please explain the last paragraph of your posting? I can not understand clearly what's the point of the statement of Labrozzi.

Thanks in advance and have a good evening/ night!

[Meester954]

Let's clear up the accounting opinion issue. For quarterly reports (the 10-Qs), there is no audit performed. It is simply a review. For the Annual Reports (10-Ks), an audit is performed and the accountants either sign off or take exception to certain management positions. Like it or not, those are the rules. As far as the appraisal, get a copy of the report from the company and make your own conclusions. From my experience in film and music library transactions and valuations, the value that is present will always surprise the layman. Cash flows and royalties from these properties are usually surprisingly large.

A couple of other issues that I have noticed on the board over the past few weeks that should be cleared up. First, there is no effective registration statement for shares issued to creditors so I sincerely doubt there have been any sales of shares by them. Second, there are pretty specific rules regarding share repurchases, especially regarding the percentages of average daily volume purchased daily. No purchases are made by the company during the last 30 minutes of trading.