Wednesday, November 01, 2006

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.

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.


Anonymous Anonymous said...

You missed one exgtx...

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.

6:58 AM  
Blogger ex-GTX said...

A quick addition.

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.


12:26 PM  
Anonymous Anonymous said...

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.

12:37 PM  
Anonymous Anonymous said...

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.

12:42 PM  
Blogger DD said...

I would say that there is still some shorted shares out there and they keep a buy to cover orders on the low side. NO PANIC to cover because there is nothing.

So they make small orders to keep price down as they flush out the last suckers how bought into this scam. And they think they are going to make it RUN UP BIG again with false news. But looks like the first Beta test news did nothing.

I'm almost totally out to this position, so I hope the POS goes to "0". Not being a fully reporting company has helped them hide behind A LOT of TRICKS.

Ivan and his 2.05 mil shares should be the BEST sign that the SEC needs to come down on them. But I guess not enough complaints yet to go see him at his 2 DUAL MEGA Corporations' office, opps I mean house.

Nice phone # for a company that just received MEGA shares for a partnership, OPPS no phone!!!!!!!! GOOD LUCK selling those shares on the open market.

5:15 AM  
Blogger DD said...

It look like this gang is trying to come through with a real product to back off any FEDS. The product does not have to work, they just have to show they are in the development stage or carry through with a basic Technology product.

A person named: Plamen Slavov "Product Director"
( anyone heard of him?)answered my email and the address for SQL is:

711 S. Carson St
Carson City, NV

with a phone number from there.
He stated that the website with be up and running in 10 days or so.

Interesting??????????? We will see.

8:15 AM  
Anonymous Anonymous said...

Annette Hagen has returned to Southern Pines.

5:21 AM  
Anonymous Anonymous said...

Interesting develoment, Annette being in Southern Pines, any idea why or what she is doing there?

11:35 AM  
Blogger Dogcrap Green said...


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

3:34 AM  
Blogger Dogcrap Green said...

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

3:37 AM  

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