-------------------- NO REWARD....UNLESS THE RISK IS TAKIN'--- JAY-Z Posts: 409 | From: THE CITY THE CONTROLS THE WORLD.............THATZ RIGHT NEW YORK | Registered: Dec 2005
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-------------------- NO REWARD....UNLESS THE RISK IS TAKIN'--- JAY-Z Posts: 409 | From: THE CITY THE CONTROLS THE WORLD.............THATZ RIGHT NEW YORK | Registered: Dec 2005
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read this: Update: Vinoble, Inc. - New Year, Old Hype Investigative Reports January 3 2006 We are determined to diet and exercise in 2006, just as we were last year, and all of the preceding years. But here is a novel and worthy New Year's resolution. Imagine what tiny unsuccessful companies might achieve if the time and resources devoted to promoting their stock were instead dedicated to building a successful business. That noble goal may be even further out of reach than losing all of that holiday weight. Pumping shares is just too profitable at least for the people who are dumping their stock.
Promoters are starting the New Year in much the same way as they concluded 2005 praising an obscure company called Vinoble, Inc. (OTCBB: VNBL). Two days into the New Year, with markets closed, one promoter damned Vinoble with faint praise, calling the Company "our Best winner for the beginning of the year." That same promoter claimed that a "massive marketing campaign" was likely to move Vinoble stock from 4 cents a share to 9 cents a share in the short term and 20 cents a share in the long term.
Any imminent surge in Vinoble's stock price is more likely to be the result of aggressive marketing than marked achievement. As we pointed out on October 23, 2005, Vinoble has bounced from one business to another without success. The Company's failures are well-documented; its balance sheet is unimpressive. See Vinoble, Inc. - Trick or Treat in This Treasure Chest? As of September 30, 2005, Vinoble was out of money.
What is the possible appeal of this struggling company? When all else fails, promoters wrap themselves in the flag or the economy. Here they have done both, suggesting that Vinoble is poised to profit from the war on terror as well as rising oil and gold prices.
That is the hype. The facts suggest that Vinoble's connection with these three thriving industries is tenuous at best.
The Company's "connection" to homeland defense appears to revolve around a vague plan to develop Radio Frequency Identification (RFID) technology that can be used to track people, products and resources. There is no indication in the Company's public filings that Vinoble owns, has the rights to, or is in the process of developing, such technology.
Vinoble's ability to profit from rising gold prices remains a matter of conjecture. On October 10, 2005, the Company agreed to pay $397,000 in cash and stock for controlling interest in mining claims located on the Hazard Lake Property in Ontario, Canada. So far, the sellers have received $67,000 in cash and 2 million shares of Vinoble common stock. What are the claims worth? The Company plans to develop a program to determine whether there is gold on the property, but shareholders could remain in the dark for awhile since weather conditions limit exploration to the months of June through October.
The oil business represents Vinoble's latest effort to jump into a thriving industry. In November 2005, the Company agreed to pay $15,000 and 2 million shares of common stock in exchange for a 5% minority interest in an "oil prospect property" called the Clovelly Project in LaFourche Parish, Louisiana. The Company claims that the property is due to go into production in December 2005 and will provide an opportunity to test RFID applications. There is no indication that the property is yielding marketable oil, and no independent evaluation of Vinoble's 5% interest.
The fate and value of the Company's recent agreements remains uncertain. As we noted in our earlier report, previous plans and agreements have consistently failed to yield profits. To most observers this would not sound like the formula for the "best winner of the new year," even for the first two days of the New Year. Logic suggests that someone stands to profit if investors succumb to the promotional ploy. But whom?
There are a number of likely candidates individuals and entities who hold millions of shares of Vinoble stock.
As noted above, Vinoble issued an aggregate of 4 million Vinoble shares in connection with its latest gold and oil and gas "acquisitions." The holders of those shares could benefit from a lively market for Vinoble stock. So might GarcyCo Capital Corp., a company that partnered with Vinoble in late 2004. In September 2004, the Company entered into an agreement (Stock Purchase Agreement) to sell shares to GarcyCo at a deep discount from market prices. As of November 21, 2005, GarcyCo had purchased 3,271,536 shares of Vinoble stock for $216,905.
A second deal, in December 2004, effectively transferred control of Vinoble to GarcyCo. As part of that transaction, GarcyCo received shares of Vinoble preferred stock that could, at the option of GarcyCo, be converted into more than 50% of Vinoble's outstanding common shares. Vinoble issued an additional 12.5 million shares of common stock to GarcyCo. to be used in connection with future acquisitions. 2 million of those shares were used to pay for the Hazard Lake claims.
More shares of Vinoble have been floating around. Between September 30, 2005 and November 14, 2005, the Company issued over 14 million shares of common stock "for services" and under the Stock Purchase Agreement with GarcyCo.
Promoters have been saying that Vinoble has an "impressive product at the right time" but the facts do not suggest that Vinoble has any product at this time. Who has been paying the promoters to spread misleading reports; one tout admits that it was paid $10,000 for its efforts. We ask again, who stands to profit when the general public loses?
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posted
Agree on VNBL...I have received no less than 50 spam e-mails from about 5 seperate occassions promoting this stock...call it a group play or whatever, the fact remains this comapny is a shell with no business and "operates" out of a 10x10 suite in Malibu. The stock will go up and down because it's heavily hyped, but it has no factual business to justify it.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
Thanx guyz you may have just stopped an eartquake here......whooooa
-------------------- NO REWARD....UNLESS THE RISK IS TAKIN'--- JAY-Z Posts: 409 | From: THE CITY THE CONTROLS THE WORLD.............THATZ RIGHT NEW YORK | Registered: Dec 2005
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