Friday, January 16, 2015

Things Grim for TubbyWad - VFX.v - Update II

The GreekTard has seen fit to pass along regards to those buried in VFX.v, and really Georgie, you forgot to mention exactly HOW MUCH free trading paper you got for luring the public into purchasing this fukkin chit.

Re: What!!!!!!

in response to What!!!!!! by seahawks
posted on Jan 16, 15 05:57PM 

Hi, Seahawks. We're just as surprised as anyone about this development and trying to reach management for further comment.
To clarify your statement, Virtutone is a sponsor/advertiser of AGORACOM. We run their ads on the site and report the news issued by the company. We don't make buy recommendations.
Regards,
George 
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FEATURE: Virtutone Networks (VFX:TSX-V) Net Revenues of $39.6M for Q3 2014

posted on Jan 13, 15 04:36PM

FINANCIAL HIGHLIGHTS

  • Net revenues reached $39,601,691 for the third quarter of 2014, an increase of $27,371,111 (Read Release)
  • $48,823,623 in Revenues for the Year Ended Jan 31, 2014 (Read Release)
  • Gross profit increased to $1,562,478 - Year Ended Jan 31, 2014



So naturally the "news" hit and OMG those zillions in revenues from unnamed types are all bad debts and this enterprise is bankrupt. Damn tis. Now WHO, 18 months ago, saw this wicked crooked horsechit coming? Its never rocket science and phat boy proves it in freakin spades.
And lets put them together for ANOTHER "success" from AgoraScam. GreekTards and crooks seem to go together, a body best make a note of that. Pffft.

"One of Virtutone Networks Inc.'s biggest clients based in London, United Kingdom, has not been able to make payments of a total amount of $13.8-million (U.S.) to the company. Virtutone's management has taken all the necessary steps in order to get payment but so far to no avail. Considering the importance of the amount involved, Virtutone had no other alternatives than to reduce costs to the minimal as well as to lay off all staff, excluding Jason Allen, chief executive officer, as well as William N. Woods, chief financial officer, and is now suspending operations to concentrate all efforts on obtaining payment. The outcome of these efforts being uncertain, there is no guarantee that Virtutone will be able to resume operations. Virtutone's management is currently undergoing a strategic review of available options and recourses in light of the current circumstances. The company's management will provide further updates as to progress of the situation and actions to be taken.

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Our overfed phat boy has requested a trading halt for news, and that is probably a good thing because everybody and their blind dog already KNOWS what the fukkin news is gonna be ...

Jason Allen

VFX-Sad day
Virutone Networks info.
Have closed their doors at the main office in Sherwood Park.
Have laid off most of their employees.
Have discontinued customer support, noboby in office, shut up tighter than Fort Knox.
Have not paid their bills.
I made over 40 calls over the last 3 days, check for yourself 780 702 5777. Tried every extention and got picked up by a gal that had the phone forwarded to her but said nothing.
Read more at http://www.stockhouse.com/companies/bullboard/v.vfx/virtutone-networks-inc#Z4hfPmkQhigGGGtD.99


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Mr. Jason Allen reports

VIRTUTONE ACHIEVES $500,000 A DAY IN REVENUE

Virtutone Networks Inc. achieved a new daily revenue record of over $500,000 in revenue on Wednesday, April 9, 2014.

"This is a great milestone that we have achieved," said Jason Allen, chief executive officer of Virtutone. "Due to our strong balance sheet, we are leveraging our strong financial position to increase organic sales as we had projected, while maintaining our margins. We have also updated our investor presentation, which is available now on our website."
It just goes on and on. Tubby's margins are negative, have always been negative, and will ALWAYS be negative.

The reporting of numbers pulled from ample and fully disgusting anus, now daily apparently, is totally fukkin bogus. The regulator should have stopped phat arse's dopey stupidity months ago. At this rate TubbyWad will be reporting "revenues" by the minute.