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Vasomedical Inc. Message Board

thesmalls 306 posts  |  Last Activity: Jul 29, 2015 11:00 PM Member since: Jul 17, 1998
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  • thesmalls thesmalls Jul 29, 2015 11:00 PM Flag

    Check the filings. Still a LOT of convertible debt to come due. Latest round may be over. Have to check th dates and volume.

  • Reply to

    willing particapant or stupid or...

    by watertorture Jul 27, 2015 8:13 PM
    thesmalls thesmalls Jul 28, 2015 5:20 PM Flag

    "I don't know either whether the SEC has the power to deter Hicks from doing a R/S" - as long as they are within the rules and regulations of the SEC for filings and procedure, i do not see how they could prevent them from completing the R/s. if they suspect wrongdoing and have enough proof, they can suspend trading while an investigation is happening but if they have the paperwork in order and follow procedures - the SEC wont prevent them (from everything i am aware of). the SEC cant prevent people from ignoring all the warning signs or not reading the filings. they certainly could do a MUCH better job in forcing companies to use plain English and make complicated contracts, tenets, stipulations, etc in financing and such more basic so the average person doesnt NEED to consult a securities attorney to understand the legalese.

  • Reply to

    willing particapant or stupid or...

    by watertorture Jul 27, 2015 8:13 PM
    thesmalls thesmalls Jul 28, 2015 4:00 PM Flag

    "Smalls-As I stated in a prior post, I heard from a reliable source that the government will not let Hicks R/S"

    you referring to the SEC as "the government"? how/why would they prevent the reverse split? what would the grounds be? if it was to protect existing shareholders - what is the alternative to NOT splitting? while a R/s of the magnitude they filed for would effectively eliminate nearly 100% of the value of anything not purchased in the last 6 months - a bankruptcy would eliminate all of it. so - what grounds would the SEC or other entity use to prevent it?

    hicks has been playing this game a long time and i am rather confident he knows the loopholes and legal jargon infinitely better than anyone on here or at PSWS prior. maybe the SEC does have a certain amount of might that could prevent or strongly deter him from executing the R/s. i dont know. if that is the case - i am certainly interested to know how they are doing so. my assumption was there was little to no faith that toxic lenders could recoup an attractive return after the split due to competition for those all trying to get out and the company having sufficient liquidity/investor interest to absorb the shares. hicks also may have underestimated all of the legal issues surrounding PSWS prior to his involvement as many of these were not disclosed in prior filings and some arose afterwards. he may have cut ties prior to these escalating where he would assume some culpability once he was aware of the prior bad acts.

    i dont see how there is any real value in the patent. the balance sheet doesnt even have it over $100K. with the info i got from the company - i never could find anything proprietary about the unit that would have made it more efficient (in terms of fuel economy or filter efficiency) which would have made it worthwhile in remote operations. unless they were doing something unique on the valve side - it seemed like a very basic filtration set up.

  • bad news is there remains consistent dumping by long term/large positions. 50K block offered on the ASK at near the 52 week low is someone who is liquidating and moving on and not willing to see this through any longer. this continues to be a major vote of non confidence by the leadership of the company.

    the good news is the shares were absorbed rather quickly in a couple of chunks. i was even half tempted to buy the block just for the medium term. if buyers remain committed to absorbing these shares - the sustained floor should remain.

    once again - the real issue is the company abandoning/ignoring these shareholders and creating substantial resistance at much lower levels if/when the selling ceases and trend reverses.

  • Reply to

    willing particapant or stupid or...

    by watertorture Jul 27, 2015 8:13 PM
    thesmalls thesmalls Jul 27, 2015 10:27 PM Flag

    Either wa/any way it would be entertaining.

    So Hicks is gone now and says he completed his objectives. That is BS. If he did - he wouldnt be giving back/retiring shares. I said awhile back he may have trouble lining up new CD lenders due to the share structure andpast history. Even with a R/s and liquidity - the lenders had to be concered with being able to cash out before the plummet. My guess was he wasnt able to line up the lenders to be able to move the remaining shareshe had and thus returned them to separate himself from future liability. The remaining $750K will never be realized unless they get financing and completely restructure the shares - ie R/s and increase AS (or keep pre split AS as defined. Since they hadnt done it yet and is gone - that suggest he realized th sheep had been sheared too many times. There is still substantial CD on the books and they wiill be forced to R/s or declare bankruptcy and cease operations. It is a waiting game now to see if they can line up new debt on the promise of liquidity post R/s. Since that is Hicks specialty and he threw in the towel - its not looking good. Any way you sluce it - existing shares will be wiped out or completely marginalized.

  • Reply to

    First Rwanda then the world

    by dee_ocotillo_man Jul 23, 2015 9:00 AM
    thesmalls thesmalls Jul 27, 2015 11:53 AM Flag

    i missed the headline - didnt get the normal alert. from a visibility standpoint - they did not tweet a link to the PR. Twitter has become a VERY useful and no cost method for small companies to update/inform shareholders.

    good PR. market hasnt responded but it hasnt responded to FKWL for the last 7 years as they continue to strengthen their product portfolio/balance sheet. the end to end solution with hardware and software will hopefully drive both top and bottom line strong into the rest of the year

  • Reply to

    dilute dilute dilute till the price is 0.0001

    by dgpacks Jul 21, 2015 12:44 AM
    thesmalls thesmalls Jul 27, 2015 10:10 AM Flag

    wow - thats pathetically funny - ferrari calling out others for name calling and alluding towards civility. you have been pumping this from the $0.20-$0.30 realm or higher...?

    so because the Chinese like to play the lottery - this stock is going to be a success...?

    by the same logic - how many people in the world use the internet and what percentage of those use it on a mobile device? how many of them could have benefited from the Mach5 app to reduce data usage and speed up transmission?

    how many users (specifically Chinese) are gravitating towards wearable devices that should have snapped up the only device with a native Mandarin interface...?

    how is the company ACTUALLY positioning the company to take advantage of that market rather than occasionally putting a PR or tweet about the size of the market? and if they ARE actually positioning themselves in a legitimate way to capture a meaningful portion of that market - how come no one in the organization can tie their investment to doing so into a return by providing guidance to the shareholders on how they will ramp up...?

    that is how POS turns into POG. right now, the company still has well over $750K in convertible debt (per last filing) that will be coming due over this year and next (and into 2017).

  • this was supposed to be a big win for the company/shareholders and there has been NOTHING announced/discussed since. no updates to shareholders about integration. nothing on ramping up pipeline or accelerating existing VASO opportunities now that they have a backoffice solution in place. nothing. nada. zilch. however, if one looked closely, they did see insiders receiving more shares/options while there was a token amount of shares purchased on the open market by a few insiders (not the two that had the largest benefit from the acquisition).

    in the meantime, large positions continue to appear on the ASK which more than likely continue to be long term shareholders unloading/unwinding positions and moving on. the goal for any emerging company in the public realm is to move stock from weak hands to strong hands. this company has continued to move in the opposite direction and going on well over 2 years of systematic decline in one of the strongest bull markets (regardless of the signs suggesting the run is being propped up artificially) the market has seen.

    with the latest acquisition - the company has dived right into very murky waters surrounding vested interests and conflicts. they have done nothing since to clear those waters up

  • Reply to

    OK, I'll say it

    by slip_60 Jul 23, 2015 9:26 AM
    thesmalls thesmalls Jul 23, 2015 12:35 PM Flag

    just more long term shareholders unloading to weaker, shorter term hands.

    no more Insider Buying than the brief, token amounts purchased. still zero from the two biggest beneficiaries of the NetWolves acquisition.

  • Reply to

    dilute dilute dilute till the price is 0.0001

    by dgpacks Jul 21, 2015 12:44 AM
    thesmalls thesmalls Jul 23, 2015 10:48 AM Flag

    price may or may not get to $0.0001 but i certainly do not see anything stopping this steady decline well into the trips with the amount of convertible debt remaining and the steady stream converting. while the holders arent dumping all at once - there still is not enough demand to absorb the new shares coming on the market at 35-45% market discounts. the brief spike up to $0.016 was a blip and there will probably be several more of those on the way down.

    the only way i see this slide getting halted is a quarterly report that shows a solid, exponential increase in revenues tied to unambiguous guidance on forward revenues on a quarterly and year over year basis. the company has for several years jumped into hot sectors and had investors hoping that the promise of getting a piece of one would pay off and they have never delivered. last quarter's revenues were $75K. while that makes it their largest quarter (non Jifu) ever, it still doesnt come close to getting them anywhere near positive cash flow let alone positive net income. the company has still steadfastly refused to provide ANY type of guidance on how they will leverage these acquisitions and partnerships into positive cash flow revenue streams. since their history is somewhat defined, they are getting very little benefit of the doubt with investors willing to speculate for the long term. the void is being filled by short term traders/flippers that will take advantage of the volatility and CD to make quick profits.

    i would fall into the latter group. i see the price decline continuing to accelerate as the CD continues to convert more shares for every chunk of cash/debt it converts while demand remains flat to decreasing. for me, it wont become attractive until mid to low trips depending on volume and where the remaining debt is (in terms of amount and when it will be available to convert).

  • Reply to

    Bring Carol Back

    by casey7883 Jul 21, 2015 3:37 AM
    thesmalls thesmalls Jul 21, 2015 9:58 AM Flag

    This thread became overrun by short term traders with little to no information. Yahoo format doesnt allow a good means to eliminate the BS. Waste of time.

    Short interest was 33% Friday and 40% yesterday. Could be higher today.

    Company has repeated that they had several releases to be put out and the SMS was just one. Long term - success still hinges on financial restructuring/normal financing and exponential revenue increase. Both should be on track per posts. We should see in the next couple of weeks. Until then - this volatility is just a haven for traders and will remain so and this board will probably remain useless until the traders move on.

  • thesmalls by thesmalls Jul 20, 2015 9:27 AM Flag

    this really should be the bread and butter of an organization in the start up/ramp up phase. how, when, and where are they going to ramp up revenues so that they will eventually do so profitably. here is the discussion from XCLL on the topic:

    "Comparison of the Three Months Ended March 31, 2015 and 2014

    Revenue
    Our revenue for the three months ended March 31, 2015 totaled $74,371 compared to $129 for the three months ended March 31, 2014. This increase in revenue was primarily due to removal of Jifu for the period of March 31, 2014 and inclusive of Silvercreek for the period of March 31, 2015.

    29
    Cost of revenue

    Cost of revenue for the three months ended March 31, 2015 totaled $299 compared to $43 for the three months ended March 31, 2014. This increase in cost of revenue was primarily due to increasing of revenue."

    thats it folks. that is the sum total of discussion on revenues. the positive is that there ARE revenues unlike the Mach 5 and CCWatch launches. further - they are at close to 100% GM since it is all software based and there is no real cost of equipment. the bad news - SG&A is still ridiculous overbearing with limited discussion other than it is related to "the expansion of business."

    more preferred stock being issued. it does look like it will be adjusted in the same ratio as common in the event of an R/s but i do not understand the language enough to be sure.

  • "On September 22, 2014, XcelMobility Inc. entered into an Asset Purchase Agreement with CC Power, Xianjiang Silvercreek Digital Technology Co., Ltd. (“Silvercreek”) and the shareholders of Silvercreek (the “Selling Shareholders”). Pursuant to the terms of the Agreement, CC Power will acquire certain assets of Silvercreek relating to its online sports lottery business unit in exchange for the issuance of up to 80,000,000 shares of common stock of the Company to the Selling Shareholders. No Shares will be issued upon the closing date of the transaction. The Shares will be issued to the Selling Shareholders on a pro rata basis and upon achievement of the following milestones: (i) 10,000,000 Shares to be issued in the event that CC Power derives initial online lottery sales revenue (“Lottery Revenue”) of over 10,000 RMB per month from the business developed in connection with the Assets on or before October 1, 2014; (ii) 10,000,000 Shares to be issued in the event that CC Power derives Lottery Revenue of over 3,000,000 RMB per month from the business developed in connection with the Assets on or before March 31, 2015; (iii) 10,000,000 Shares to be issued in the event that CC Power derives initial online lottery sales revenue of over 20,000,000 RMB per month from the business developed in connection with the Assets on or before December 31, 2015; (iv) 40,000,000 Shares to be issued in the event that CC power obtains a lottery gaming license from the People’s Republic of China; and (v) 10,000,000 Shares to be issued based on the achievement of certain incentives as determined by the board of directors of the Company."

    again - 40MM shares JUST for obtaining a license which should have been a condition for having the acquisition remain IN AFFECT if NOT occurring.

    why put the the same "reward" for generating $6K/month in revenues as $180K? this would be backloaded.

  • thesmalls thesmalls Jul 17, 2015 8:44 AM Flag

    They may have "sold" 3 machines but how many did they actually deliver/receive full payment on...? Only the Alaska sale stayed on the books as the sale was announced. Look at the qualifier behind the leading mfg statement - gives them a lot of wiggle room.

  • for those of you that find this medium worthwhile - please aggressively report EVERY post from sc3408 that is not HJOE related as SPAM. if not - there is no value to many sifting through all of the BS posts and the board will once again become useless.

    send a separate note to Yahoo under the flagging tool and specifically address the constant off topic posts/SPAM by the user. that goes for any other user that constantly promotes other stocks/boards/services

  • Reply to

    Stock Reaction Since Wolves Deal

    by bocamp1 Jul 13, 2015 5:17 PM
    thesmalls thesmalls Jul 16, 2015 2:10 PM Flag

    MM's promoting stock...? the PPS continues to drop/flail because long term shareholders continue to pare positions or liquidate and there simply isnt enough demand to absorb the shares. now - promoting to new investors would assist by attracting new buyers but if i am coming into this stock and looking at it - i have to ask myself - why all the selling when the company appears to be turning the corner...? i then look at the financials and compensation and a major red flag goes up. i look at the core business and they have moved from equipment to distributor/software.

    the strategy is either flawed and/or mgmt/Ma simply can not articulate it to the point where long term investors can properly value the future worth of the stock.

    investors have seen the mgmt team badly bungle several acquisitions the past three years when they had a sizeable cash horde, no debt, and close to $4MM in net income. they now have debt, no cash horde, and have given no guidance on 2015 other than they "expect to remain profitable." that isnt good enough. especially when you just went in hock for revenue and positive net income (supposedly). the company absolutely should be able to provide a sound guidance range for both top and bottom line at this point. THAT is what attracts long term investors. not MM promotion.

  • Reply to

    You really showed 'em HJOE!

    by john.schmutzer Jul 15, 2015 10:54 AM
    thesmalls thesmalls Jul 15, 2015 3:40 PM Flag

    With Proper Management I sold on Monday at a solid 2-3 cents, no doubt about it. If anyone doubts that they are in denial at this point"

    What good does it do the company, mgmt, or long term investors if the stock went to $0.03 on a spike and them dumped? If you sold at $0.03 - who would have been buying? - bagholders.

    The company has CONSISTENTLY said this is a long term play/strategy.

  • Reply to

    what was the point

    by watertorture Jul 14, 2015 9:59 PM
    thesmalls thesmalls Jul 15, 2015 8:59 AM Flag

    wow - another $750K of convertible debt assigned, given, gifted, etc to the person who was brought in to "save" the company. the same person who has made a living off of driving companies out of business with toxic financing. what could possibly have gone wrong...?

  • Reply to

    News update

    by steverogers1945 Jul 14, 2015 5:59 PM
    thesmalls thesmalls Jul 14, 2015 9:28 PM Flag

    i would assume they are buying shares from HJOE and not no the open market so they would be increasing the float - not decreasing. assuming 1.8BB shares OS - the company has an AS of 5BB so there is plenty of available shares. if the company is/has eliminating toxic debt - it becomes a minor increase. they would be considered insiders at this point and would not be able to purchase on the market unless they file an SG13 and declare intentions.

    for me and others - the big news is eliminating that debt/uncertainty and getting traditional funding.

    as far as them buying stock - if they buy at market value from HJOE - HJOE raises capital. i will look at the SMS agreement and territories and make a call then. i dont have time to do this right now and even on the side - it would be difficult. but i do have others in my circle where this could be a very good fit. i like the products and know they sell well when positioned correctly and when clerks/mgs have a little bit of knowledge/talking points so i do think it can move with this model. for me - 100K shares would be trivial/rounding error so it would not be an incentive but i do like that they are tying in long term success to the dealers.

  • Reply to

    I found fb insightful and

    by dontsteelmythunder_15 Jul 13, 2015 9:31 PM
    thesmalls thesmalls Jul 14, 2015 9:18 PM Flag

    "I have been a Outside sales Rep.
    I have NEVER never NEVER paid a company for the PRIVILEGE to represent and sell their product.
    This SMS distributorship program is the closest thing to multi level marketing (Pyramid rings a bell) I have ever heard of"

    how is this a pyramid...? have you any details on the licensee/dealer agreements or how they set up distribution/go to market? i have worked with outside reps, IRs, inside reps, etc. factory rep is different from a dealer where they own the actual business. as a general outside rep - you have very little commitment to any one supplier unless they have a superb product that sells easily or they sell just well enough where you dont want to get dumped. other than that - they tend to cherry pick lines. while that can be mutually beneficial - it doesnt help the manufacturer in general when they are trying to get their entire brand represented. from an economies of scale and SKU standpoint - if the whole line is not moved, costs go up dramatically, availability goes down, and the "must have" and/or niche products all of a sudden become too expensive for the market place.

    in this model - both have a vested interest in moving all products in the spectrum. i think the use of the term "privilege" is off base. this is more akin to a franchise fee. you dont have McDonalds coming to you and offering you a free restaurant as long as you buy the burgers and resell them at a certain profit.

    i have not seen any agreements but i doubt there is a hierarchical fee/commission that would remotely resemble a pyramid. from that standpoint - you are a distributor and set pricing in your territories along a suggest MSRP. you dont sign up other distributors.

    i can understand you are frustrated and feel underwhelmed by the agreement but stick with facts and understand what they are trying to do. speak with MSM about a possible dealership. then provide feedback on that conversation.

VASO
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