posted
As much as I like the letter from Corr posted above, I agree with Sgt. The letter was January, news has to come out on a regular basis to create movement here.
Volume will create a healthy pps as long as it's a healthy company with solid products, as I believe V-NET is.
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I am glad the weak are selling so when the news if/finally comes vntb will fly! imho
I remember buying msep at .0078 then it tanked to .0019. I didn't sell, I just averaged down. Msep flew to 9 cents because most of the weak hands sold too early. I believe it will happen here too .imho Msep today closed @ .025 which is still much higher than my average price.
If vntb goes lower, you can bet I will be adding to my treasure chest. I doubt it will go lower. imho
posted
Keep in mind Joe this one was at .18 a few years ago. It could not sustain these levels and over the years has seen a huge loss in pps. Corr also pulled a reverse split last year and then printed around 800 million shares. Things like this cause investors [even penny investors] to lose all confidence no one holds for the long term instead just riding the short trips up and down causing the overall value to continue dropping. The ONLY thing that will turn this around and cause a steady increase out of the sub pennie[Like we have seen with Gtel and PLNI] is solid news of sales and or contracts or new ventures. Until this happens we will continue to see spikes in price only to see it erode as fast as it shot up.
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quote:Originally posted by Sgt. Steiner: Everytime this thing takes these dives people lose confidence and the long term holders become more rare eventually it will die out. Corr must get news out NOW or I think we can forget about the long term here
It could wallow for a year but if the products is viable and progress is made it still go back up with a different set of longs holding and posting.
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I willing to take the risk and give vnbt chance to build a successful company. I am really interested in the ginseng.
Ginseng has demonstrated remarkable abilities to slow growth of cancer cells and defeat cancer-cell resistance to chemotherapeutic drugs.
The public's rush to ginseng is prompting V-Net to launch its own label of high-potency ginseng capsules and extract, all with 10% certified ginsenoside content, in the first quarter 2005.
Vintners Toast Ruling on Shipping Bans Monday May 16, 8:07 pm ET By Michelle Locke, Associated Press Writer Vintners Say Supreme Court Wine Ruling Overturning Shipping Bans Should Help Profits Flow
NAPA, Calif. (AP) -- Vintners broke out the bubbly Monday and began taking calls from East Coast customers eager to order after the Supreme Court struck down bans on out-of-state wine shipments.
In Northern California, Iron Horse vineyard co-owner Joy Sterling said her phone started ringing at 7:30 a.m. as word of the ruling got out.
ADVERTISEMENT "What's exciting is that this evens the playing field," Sterling said.
Sterling can't fill those orders just yet.
Monday's ruling means legislatures in the 24 states barring out-of-state shipments will have to review their laws to make sure in- and out-of-state wineries are treated equally -- and states could simply decide to ban all shipments.
Still, vintners were hopeful the ruling would uncork new markets in an industry with an estimated $21.6 billion in sales annually.
The ruling may have the biggest impact on California, which produces 90 percent of the nation's wines. But with all 50 states producing wine in some quantities, it was expected to have a national impact as well.
"It will definitely expand sales opportunities and, just as importantly, expand the reputation of New York wines because now people around the country will finally be able to get them," said Jim Trezise, president of the New York Wine & Grape Foundation.
"It's going to be sort of a snowballing effect: Wine writers will write about our wines, consumers will try them, so the industry will make more of them and that will create more consumers on the other end."
In the 5-4 decision, the high court struck down shipping bans in Michigan and New York, saying it's unconstitutional for a state to allow in-state wineries to ship direct to consumers while stopping out-of-state wineries from doing the same thing.
Although states could respond with outright bans, Robert Koch, president of the San Francisco-based Wine Institute, pointed out that wineries in other states are not likely to favor shutting down all shipments.
At issue is the traditional system in which wineries ship to wholesalers who then ship to restaurants and retailers.
A decade ago, only a handful of states permitted wineries to ship directly to consumers. But the number crept into the mid-20s in recent years, creating a confusing system where some states allow all shipments, some only allow in-state and some ban shipments altogether.
Wholesalers had argued against direct shipping, saying it would trample state rights, cut tax revenues and give teens unprecedented access to alcohol.
Wholesalers weren't giving up the fight yet.
In a statement posted on the Wine & Spirits Wholesalers of America, Inc., Web site, president and CEO Juanita Duggan said the ruling gives states the option of "supporting face-to-face transactions by someone licensed to sell alcohol or opening up the floodgates."
Duggan said WSWA would support strengthening alcohol laws, arguing in-person ID checks are best.
Striking down the bans was expected to have the largest impact on small wineries who aren't big enough for national distribution -- and on the wine connoisseurs who love them.
"Those very small wineries -- that direct business is their lifeblood," said Kathleen Schumacher, president and CEO of New Vine Logistics, a Napa-based company that specializes in wine shipping.
New Vine shipped a million bottles last year and is on track to double that this year, with almost 30 percent of shipments going to New York wholesalers.
Schumacher was cautious about how Monday's ruling would play out but said if New York decides to allow out-of-state shipments "that would be an enormous impact for us. There's a lot of demand in New York."
The hodgepodge system of wine shipping laws has led to quite a few irritated Wine Country visitors.
"A lot of people aren't aware of it and come in here and they're like -- 'What do you mean, you can't ship wine to me!'" said Doug White, tasting room manager of the Vintner's Collective in downtown Napa, which features vintages from several small wineries.
In west-central New York's Finger Lakes, a largely unspoiled setting of lakes, hills and valleys with 92 wineries, most sales are made in tasting rooms. Just a few wineries have become big enough to easily hook up with distributors in other states.
Peter Saltonstall, who owns King Ferry Winery on the eastern slopes above Cayuga Lake, predicted more shipping could put the Finger Lakes "firmly on the wine map." He's already thinking about expanding.
"It's a great day," he said.
Associated Press Writer Ben Dobbin in Rochester, N.Y., contributed to this story.
posted
[QUOTE]Originally posted by JoeMillion: [QB] The news was all over the place. I saw it on the channel 5 and channel 7 news. You can buy wine with click of a mouse.
Drinking Wine with your mouse? Where do you get the tiny glasses?
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posted
BuyTex... I think that 0.03 is possible... it depends on volume! If it shows a strong open, then many daytraders will be jumping on board shooting this straight up.
I was amazed this morning that just a couple hundred thousand traded sent it up 25%! If we can get the same response at the open, then I would guess 0.03.
The last time this ran, it started at 0.013 and went to 0.079! so, anything is possible!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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the chart looks good for a continuation upward. The activity toward the end of day today... big pps movement on low volume is a good sign.. it won't take much to move it higher. if it can get above 25, then it should sail up to the mid 30's!
hope that helps!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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