Monday, August 07, 2006

VSTC, the Pump has officially dried up!

In the June 04, 2006 post in this blog ("GTX Global/GTXC... the pump chronicled") I detailed the "pump and dump" tactics (blatantly illegal tactics) for pumping up GTXC/GTX Global. The claims were amazing... "Penny Stock To Gain 950% ·" "Analysis say $45" "Stock to gain 900%" and more.

With a simple google search of "RapidPennyStocks GTXC" returns an amazing 1530 promtions.

With a google search of "risingpennystocks GTXC" it returns quotes like "Huge Profits. GTXC $5, Analysts Say $26."

MAN, what a promotion. GTXC was FLYING. Analysts (who? I never saw a one) promised/promoted HUGE profits.

Then, on JULY 31, a name change to "better reflect the new direction of the company". AND, they say further in the release "anticipates the announcement of commercial agreements in the next few weeks."

WELL, if that wasn't more fuel for the pump-and-dump engine run by Oemke, Kos, Woltz (in jail) and now (apparently) run by ole Ed Ovsenik... I wouldn't know what would be. If they can promote GTXC as a $26 stock, or a $40 stock, or a $60 stock.. with upside of 900%, 950% or 1000% (all things they have said)... then ole VSTC should be a GOLD MINE..a certified winner.

BUT, look at the facts. Since the reverse split, the stock is now selling for under $2, or a split adjust price of under $1.

Last Trade: 1.85
Trade Time: 12:00PM ET
Change: 0.00 (0.00%)

AND, the promotion engine has done dried up too.

Do a simple google search for "RapidPennyStocks VSTC" and it returns .. (drum roll please....wait for it) ZERO responses. NOTHING, ZIP, NADA.. no promotion of any kind.

Do a simple google search for "vstc risingpennystocks" and it returns.. (drum roll please...wait for it) ZERO responses. NOTHING, ZIP, NADA... no promotions of any kind

IF AFTER EVERYTHING CHRONICLED HERE... and this latest example.. you don't see this for what it is/was and will for ever be.. A SCAM, then there is no help for you.

INVESTORS BEWARE.. VSTC, by any name is a SCAM. And Hagen, Kenan, Ovsenik, Kos, Oemke and the rest of these bastards are going to jail.


Anonymous Anonymous said...

is it Vision Technology COrp. or Vestec?

Given what you've been able to document, I smell another name change/scam component coming.

8:38 AM  
Anonymous Anonymous said...

I saw that too. I cannot explain it, other than it's more probably a data issue with that site. No other site hints at a name other than "Vision Technology Corp." But, that said, it's not impossible. I really think, however, that these guys have more problems than which name they choose to use for the scam.

beware.. so says poopscoop

9:15 AM  
Anonymous Anonymous said...

They used other scam language too

"Buy GTXC stock now and turn $10K into $60K in a few short months!"

I did a search using "superpennystocks" and VSTC and (just like you) came up with nothing.

How did these guys get away with language like "Buy GTXC stock now and turn $10K into $60K in a few short months! ... Hot Stock To Soar On Huge News & Record Breaking Contracts. Buy Now!"

I pay good tax money for the SEC and FBI to do something. It can't all be about chasing terrorists, illegal aliens and crooked politicians is it?

9:37 AM  
Anonymous Anonymous said...

And hey, where'd they get that name? VSTC? Sounds dangerously close to the Star Wars Vintage Trilogy Saga Collection (VTSC, but it's always quoted wrong as VSTC)

Sounds like something Hagen, or better still his son Derek would come up with. Man, what a memory jog that is.

Hmmm, wasn't he some kind of goth wanna be gamer? I remember him coming around Gatelinx every now and then. Lots of rumors about his being paid on the Gatelinx payroll as a "management liason" position or some such nonsense.

Whatever happened to the Hagen kids? Think they got anything out of this scam? I heard Andrea was or is getting married. Is Derek, and his "buddy" Leland Parker, still hanging around Southen Pines?

7:53 AM  
Anonymous Anonymous said...

Well, well, well....
Was one of my first investments as a wannabe trader...
Lost about 20K so far in the GTXC/VSTC apparent scam. 5 years of savings.
What are my options at this point?
I still own about 14K of equity in VSTC purchased at around 35K at he time it was GTXC...
What can i do at this point?
Any legal action possible?
Any other victims who'd agree to join hands?

9:57 PM  
Anonymous Anonymous said...

Open minded, dedicated, loyal, and ambitious individual, driven to continue learning through
any situation. Primarily focusing on technology throughout all previous jobs, spreading into
aspects of business management. Consistently able to run multiple tasks as required, and
progress through efficient social networking. Familiar with working in confidential business
matters, and NDA bound environments. Always anxious to pursue new fields and expand
current knowledge base and expertise.
Qualified on a wide spectrum of ability spanning from software, hardware testing and network
maintenance to basic corporate structuring, incorporation and finance, both domestically
and internationally.
January 2006
May 2006
Technical Systems Consultant/Concept Partner
Dix Hills, NY
Participated in development of new text messaging (SMS) based service. One of four partners
in overall business concept development and structure. Worked as an offsite consultant,
coordinated database content maintenance, hosting arrangements, networking.
January 2006
April 2006
Da Capo a Priore
Image Advisor/Consultant
Nassau, Providence Island,
Oversaw corporate image design, incorporation documentation/filings, book-keeping services
and office setup for efficient long-term streamlined operation.
November 2005
January 2006
VIZUAL Communications PLC.
Algouleme, Dordogne, France
Member of the corporate development team and assisted with corporate structuring, image
design, business plan development, due-diligence research, and merger negotiations.
October 2005
Global Networking Communication Systems
Multimedia Strategy Analyst
La Salles LaValette, Charente,
November 2005
Focused on designing the corporate image of this communication company including managing
the interaction of 3 multimedia designers for web/print/ad media along with coordinating UI
Leland Cole Parker
Curriculum Vitae
(T) 561.427.4313 • (F) 910.235.0300 •
March 2004
December 2004
Gatelinx Corporation
QA Tester
Southern Pines, NC
One of 3 primary QA Testers working on Gatelinx Communication Audio/Video/NAT program.
Accountable for testing, analyzing, troubleshooting both software module builds and
reconfiguring servers/workstations to assure application conformity in any conceivable/realistic
end-user situation while conforming to strict development schedules. Recommended and
implemented new hardware and software to increase efficiency. Configured and maintained
customized images for each primary system standard utilizing Ghost software to maintain high
efficiency and standard baseline test environment. Built final install packages for distribution
using Macrovision Install Shield 12.
February 2003
December 2003
Gatelinx Corporation
IT Technician
Southern Pines, NC
Accountable for analyzing, troubleshooting and resolving internal user’s and corporate clients
computer related issues. Repaired and configured laptops and desktops for both internal
corporate use and external client use. Inspected desktops and laptops prior to shipment to
potential corporate clients. Supported internal network security, including adding/deleting
users and shared permission over an infrastructure consisting of Windows 2000 Active
Directory and more than 500 Windows 2000/XP Professional desktops and laptops. Assisted in
maintaining System Galaxy access control network for building wide security and tracking over 6
separate office suites.
Prime Installs
Proactive Agent
Southern Pines, NC
Contacted non-activated DirecTV customers in order to follow through with product activation
and sale completion. Courteously assisted customers within deadline driven settings, while being
consistently ahead of schedule. Earned a reputation for efficiently and calmly resolving customer
complaints. Thrived within busy environment, requiring the ability to multi-task and maintain
organized computer and hard-copy files.
2003 The O'Neal School Southern Pines, NC
High School Diploma
Microsoft Development Suite, VSS, Microsoft Windows (95/98/NT/2000/XP/Vista), Mac OS X,
System Galaxy Access Control, SQL, Limited InterTel experience, Macromedia Dreamweaver,
Macromedia Fireworks, Microsoft PowerPoint, Microsoft Access, Microsoft Word, Microsoft
Excel, Microsoft Front Page, Adobe Acrobat, Adobe Illustrator, InstallShield 12Spreadsheets,
Filing & Records Management, Phone Reception, Word Processing/Typing, Customer Service,
Personal Assistant, Symantec Ghost. MSDN Subscriber and member for personal learning
purposes and business application.
US and International references available upon request.
2004 University of North Carolina at Greensboro Greensboro, NC
Uncompleted degree to be continued
final target goal
Psychology w/ Concentration in Pre-Law
Dual Major in Business Management – Marketing/International Concentration
Parker, Leland C – Page 2

12:20 PM  
Anonymous Anonymous said...

I've lots a big chunk of my investment portfolio on this scam. Thanks to who ever you are for pulling together this info. I sent a note ot the SEC. I hope they do something.

Dear Sir or Madam:
Thank you for your recent e-mail to the group electronic mailbox of the Division of Enforcement at the United States Securities and Exchange Commission in Washington, D.C. We appreciate your taking the time to write to us. This automated response confirms that the Division of Enforcement has received your e-mail. You can rest assured that an attorney in the Office of Internet Enforcement will review your e-mail promptly.

We are always interested in hearing from members of the public, and you may be assured that the matter you have raised is being given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. It is, however, the Commission's policy to conduct its inquiries on a confidential basis -- so this may be the only response that you receive. If your complaint is more in the nature of a consumer complaint (such as a dispute with your broker or a problem with your brokerage or retirement account), you should contact our Office of Investor Education and Assistance -- they may be able to help you. You may reach the Office of Investor Education and Assistance via telephone at (202) 551-6551or through the Web at HYPERLINK ""

The Commission conducts its investigations on a confidential basis to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or against whom the Commission determines that enforcement action is not necessary or appropriate. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather and we cannot confirm to you the existence or non-existence of an investigation, unless made a matter of public record in proceedings brought before the Commission or in the courts.

If you are unsure where you should direct your inquiry or you want to learn more about how the SEC handles inquiries and complaints, please visit the SEC Complaint Center at HYPERLINK ""

Should you have any additional information or questions pertaining to this matter, please feel free to communicate directly with us at HYPERLINK ""

We appreciate your interest in the work of the Commission and its Division of Enforcement.
Very truly yours,
John Reed Stark
Chief, Office of Internet Enforcement
United States Securities & Exchange Commission

5:11 AM  
Anonymous Anonymous said...

I'm not sure why the post of Leland's resume. He was, and is, nothing more than a (barely) high school graduate dilletante. When he wasn't drunk, or trying to commit suicide, he was little more than "monkey testing" for the Gatelinx products. And notice that he started his "career" as a junior in HS with Prime TV. The other interesting thing, I guess, Annette is running around NY. Dix Hills is on Long Island. And, Leland is never far from Annette (France, Bahamas, Southern Pines)

Here's his myspace page.

5:17 AM  
Blogger Dogcrap Green said...

I documented the pump on my blog too. Had a link on the side bar that showed 85,000 ads all claiming massive returns.

Amazing to see this stuff happen in real time

11:57 PM  
Anonymous Anonymous said...

Leland Parker and his resume, if I didn't know better, is a stud. But check out his myspace page

Now this is the myspace page of a leader, a visionary. Someone who has accomplished much in his life. I guess sobriety is over rated, eh? (LOL)

AND, check out the myspace page of his buddy, Derek Hagen.

Check out his employment history listing...

Gatelinx Corp. 2002 to Present
Southern Pines, NC US
Development Liason

WTF? I never saw him around. When he wasn't playing with the other half of his daddy's sword collection, he was flunking out of school.

You know, as I read these myspace pages, what is startling (especally young Hagen's) is no mention of all of the travails they and their parents are going through. I always knew David and Annette were delusional. Thinking they had some entitlement. The world owed them something. But for their kids to be oblivious too is amazing.

5:56 AM  

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