Vision Technology Corp, another nail in the technology coffin
Or should it be "Vision Technology Corp., left in the dust again"? Or maybe better, "Vision Technology Corp., who cares about SQL front ends? Answer the questions about your vaunted and core technology" Whichever, it's clear that (once again) the market opportunity for what VSTC says is it's core technoogy is past.
Back in the day, when Gatelinx (the predecessor to Gatelinx Global, which begat GTX Global, aka GTXC, which in turn begat VSTC/Vision Technology Corp.) touted it's peer-to-peer based VVoIP (multimedia over IP) technology.. that was firewall and NAT friendly and worked over the open internet (incorporating some basic QoS features) everything was (essentially) server based. Meaning a provider needed to spend big bucks to develop an infrastructure and architecture of servers and network to provide VoIP, Video over IP and any combination of them, and derivitaive uses such as file sharing, file transfer and the like.
http://money.cnn.com/2006/10/31/magazines/business2/p2p_whatsnext.biz2/index.htm
A key quote from this article...
"The demand for such services is growing. Every day YouSendIt, for instance, transfers more than 30 terabytes of files among its members - the equivalent of the contents of about 1,000 laptop computers. MediaMax, which is operated by a San Diego company called Streamload, sends 3 million files among its members daily and stores 650 terabytes of their data.
Venture capitalists, meanwhile, are pouring money into personal file-sharing startups. In the past two years, Fabrik has raised $12 million in funding, Pando has scored $11 million, and YouSendIt has pocketed $5 million. "
Someone, I think Carl.. or was it DD? Maybe one of the other "12" here has also pointed out (and which I've documented in numerous posts on this blog) that if this technology was "real" and all that it is cracked up to be, why aren't the money guys at least knocking on the door? Why, instead, do we get the moving target of product, direction, technology, leadership, consultants and information?
The answer is easy. Sometimes, if it quacks like a duck and walks like a duck... all you have to realize is, it's probably a duck. There ain't nothing here anymore. VSTC IS A SCAM, and the fed's are coming.
Back in the day, when Gatelinx (the predecessor to Gatelinx Global, which begat GTX Global, aka GTXC, which in turn begat VSTC/Vision Technology Corp.) touted it's peer-to-peer based VVoIP (multimedia over IP) technology.. that was firewall and NAT friendly and worked over the open internet (incorporating some basic QoS features) everything was (essentially) server based. Meaning a provider needed to spend big bucks to develop an infrastructure and architecture of servers and network to provide VoIP, Video over IP and any combination of them, and derivitaive uses such as file sharing, file transfer and the like.
http://money.cnn.com/2006/10/31/magazines/business2/p2p_whatsnext.biz2/index.htm
A key quote from this article...
"The demand for such services is growing. Every day YouSendIt, for instance, transfers more than 30 terabytes of files among its members - the equivalent of the contents of about 1,000 laptop computers. MediaMax, which is operated by a San Diego company called Streamload, sends 3 million files among its members daily and stores 650 terabytes of their data.
Venture capitalists, meanwhile, are pouring money into personal file-sharing startups. In the past two years, Fabrik has raised $12 million in funding, Pando has scored $11 million, and YouSendIt has pocketed $5 million. "
Someone, I think Carl.. or was it DD? Maybe one of the other "12" here has also pointed out (and which I've documented in numerous posts on this blog) that if this technology was "real" and all that it is cracked up to be, why aren't the money guys at least knocking on the door? Why, instead, do we get the moving target of product, direction, technology, leadership, consultants and information?
The answer is easy. Sometimes, if it quacks like a duck and walks like a duck... all you have to realize is, it's probably a duck. There ain't nothing here anymore. VSTC IS A SCAM, and the fed's are coming.
posted by ex-GTX at 8:01 AM
8 Comments:
You missed one exgtx...
http://tinyurl.com/yeqrok
Ed Ovsenik is ALSO the media contact. Is he Jamaican? (sorry, obscure "In Living Color" reference. Those of us of a certain age will get the joke)
Plus, notice the sell off? Well, only a price test of a new bottom I suspect. Only a couple thousand shares, but still, now down to 71 cents.
You're right, this is a scam. So says Poopscoop.
A quick addition.
http://newscenter.verizon.com/press-releases/verizon/2006/verizon-to-file-first.html
Times past when Gatelinx/GTXC/VSTC had touted a technology called "PerfecTV" which was a grid computing design using set-top-boxes in a large Peer-to-peer-to-superpeer configuration.
Now, like everything else that was opportunity and promise years ago, VSTC has missed the boat and the delivery of hi-res video content is now avilable without a reconfiguring of the STB )set-top-boxes) or the network.
No developers. No technology. No products. No prospects, partners, customers... or opportunity now.
Another example of a dead and gone technology opportunity.
VSTC IS A SCAM
Isn't Mark Brecher the real criminal mastermind here? Why is he still walking around? I don't get it if all of this stuff is true.
They must have gotten you good to continue writing this saga. Is it ever going to end or are these guys going to eventually disappear?
Really enjoyed your articles.
Annette Hagen has returned to Southern Pines.
Interesting develoment, Annette being in Southern Pines, any idea why or what she is doing there?
Hey,
Awhile back you posted some comments on my blog for investing in home builders when I posted my outrage over GTX advertising on my site. Thought you might get a kick out of my new site.
Dogcrap Green Versus the Crap Flinging Monkey
GTX isn't the only scam in town. When they advertised on another of my blogs I became inspire to write this blog.
Dogcrap Green Versus the Crap Flinging Monkey
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