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Vertical Computer Systems Inc. Message Board

  • mirrorfuk mirrorfuk May 16, 2009 8:54 AM Flag

    Portuno, Pukerface on Suicide watch

    Guys, please check in with us, we know being so wrong has been very stressful. If you two vanish, who will eat the MOUNTAIN of crow waiting for you?

    VCSY longs have one week to come clean. Just look in the mirror and say: "LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER LOSER...."

    The mirror never lies.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • it's not whats on the surface but whats within that counts grass hopper

    • Like I've said for years, nobody puts in this much effort for so long without having a greater interest than a "hobby".

      Mirror is working and the VCSY longs owe it to the message board community at large to discover who mirror works for. Al is in the bunch as well along with a number of other "usernames".

      You're working extra hard now mirror. That much is obvious.

    • Without a doubt, most of the basher arguments washed away when Micorsoft
      settled. The tick, tick, tick is on the side of longs and against your
      type, who have a habit of bashing good stocks under multiple aliases.

      The Taser case in point.

    • I've been waiting for that for 9 years. That baseless empty threat is getting old.

    • Tick, tick, tick.... Time is on the side of investors, the future.

      After the bomb goes off, longs go after the likes of Mirror.

    • I guess this latest filing by VCSY shows just how wrong mirror was as VCSY is showing more than just signs of life.

      So mirror, how are your "buddies" taking the defeat of seeing Microsoft settle with VCSY and now the NT 10-Q showing VCSY relieving the debt that you insisted would drive them bankrupt? ROTFLMAO!@!

      Oh, this is for you! ;-)

      (3) Is it anticipated that any significant change in results of operation for
      the corresponding period for the last fiscal year will be reflected by the
      earnings statements to be included in the subject report or portion thereof?
      |X| Yes | | No

      If so, attach an explanation of the anticipated change, both narratively and
      quantitatively, and, if appropriate, state the reasons why a reasonable estimate
      of the results cannot be made.

      During the three months ended March 31, 2009, the Company reduced its
      outstanding liabilities in connection with a judgment awarded to Now Solutions,
      in its litigation with Ross Systems, Inc. ("Ross").

      In February 2009, the Appellate Division of the Supreme Court of New York, First
      Department, affirmed the trial court's judgment entered on October 11, 2007 for
      Now Solutions in the action of Ross Systems, Inc. v. Now Solutions, Inc.

      In March 2009, Now Solutions applied for and received the cash deposit of Ross
      that was held by the New York City Department of Finance, which consisted of
      $3,151,216 and $133,424 in accrued interest (from October 11, 2007, the date on
      which the judgment was entered ). These amounts are non-operating income for the
      period.

      Consequently, for the three months ended March 31, 2009, the Company paid down
      or wrote-off certain debt and other liabilities on its accounts. In general, the
      Company:

      (a) wrote-off a $750,000 note payable to Ross, plus any accrued interest
      on this note;

      (b) paid down outstanding attorney's fees of approximately $2,345,502;

      (c) made payments of $325,659 that Now Solutions was obligated to pay
      toward the outstanding balances on certain notes payable issued by
      Taladin, Inc. (a 100% subsidiary of the Company) from the net
      proceeds collected on the judgment awarded to Now Solutions in the
      Ross litigation (after deducting attorney's fees and costs); and

      (d) paid down other outstanding debt of the Company in notes payable and
      accounts payable.

      2


      The net effect of the above results in approximately $4 million of gain on
      settlement of litigation. The Company cannot make a reasonable estimate of the
      results of operations until it completes implementing its new accounting system,
      after which the Company will file its Report for the period.

      -----------------------------------

      Vertical Computer Systems, Inc.
      ---------------------------
      (Name of Registrant as Specified in Charter)

      Has caused this notification to be signed on its behalf by the undersigned
      hereunto duly authorized.

      Date: May 15, 2009 /s/ David Braun
      --------------------------
      By: David Braun, Chief Financial Officer

 
VCSY
0.0176+0.0007(+4.14%)Oct 24 3:06 PMEDT

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