Monday, March 12, 2007

EXTRA EXTRA... VSTC FILES CHAPTER 7 BANKRUPTCY

07-00467-5-ATS
Vision Technology Corp. (A Nevada Corporation)
Case type: bk Chapter: 7
Asset: No
Vol: v Judge: A. Thomas Small
Date filed: 03/07/2007 Date of last filing: 03/10/2007

LOTS MORE INFO TO COME. Hard to go through a 54 (fifty four) page filing. But here are some tidbits (I'll add to this posting as I get more)

1. 17 Attorney's are listed as the creditors. SEVENTEEN.
2. They don't know who they owe what too, because.. and I quote from the filing (page 4)....

"Debtors Explanation Regarding Schedules"

"On or about January 31, 2007, the Debtor's computers and server were seized by the Wake County Sheriff pursuant to an Order of Attachment in the litigation with Rick Stefanik. As a result of this seizure, the Debtor has been unable to supply complete addresses for many creditors and other information on the schedules may be incomplete. The Debtor has endeavored to provide the best information based upon individual recollections and the information available"

I'm sorry... I have to breathe now. This is just too damn funny. Stefanik, fired and disgraced CTO who won a lawsuit against David Hagen (right before Hagen ran off to the Bahamas with his yoga instructor girlfriend, now wife, Keri Keenan) and is STILL OWED $550K. And Edward "easy" Ovsenik, attorney himself... and his battery of SEVENTEEN other attorney's can't stop a seizure of the company computers.

There is a Creditors Meeting on April 4, 2007 At the USBA Creditors Meeting Room, Two Hannover Square, Room 610, 434 Fayetteville Street Mall, Raleight, NC 27601. I might have to drop by.... If you do go, use this info...

Vision Technology Corp. (A Nevada Corporation) dba VSTC Corporation, fka Gatelinx Global Corporation, fka GTX Global Corp., fka Auto Lease Check.com, Inc.
8024 Glenwood Ave.
Suite 205
Raleigh, NC 27612

Case Number: 07−00467−5−ATS

Taxpayer ID/Employer ID/Other Nos.: 65−0989898

Attorney for Debtor(s) (name and address):
William P Janvier
Everett Gaskins Hancock & Stevens, LLP
PO Box 911
Raleigh, NC 27602
Telephone number: 919 755−0025


LOTS MORE TO COME.. LOTS. There are some real gems in the filing. STAY TUNED.

WE GOT 'EM. 3 IN JAIL. Ed Ovsenik, Ivan Ivanov, Curtis Garth, Mark Brecher and David Hagen are next.

48 Comments:

Anonymous carl said...

Wow, I stop by for the first time in weeks and this is what I'm greeted with.

Amazing.

The various chapters of bankruptcy have always confused me, but according to wikipedia this is the big one....

This should be very interesting in the months ahead. I think the big question is who, if anyone, will end up with the intellectual property. From my limited understanding, derived from watching businesses go belly up during the .bomb, is that the IP will be auctioned off. Should be interesting to see who, if anyone, is interested in purchasing a technology that is now well past its sell by date.

Of course, on a more important note for the ex-employees... most of us are owed money either from the Gatelinx incarnation or the GTXC incarnation. Does anyone know if we can put in a claim with the bankruptcy court?

3:03 AM  
Anonymous Anonymous said...

Absolutely!! If the Company hasn't placed you on the "Master" mailing list.. and Especially for back wages..contact the Court for the appropriate forms that will place you in line for asset(s) distribution. Employee wages and withholding(s) are first in line!!!
You can also contact the Trustee and I would do that immediately as certain funds/money seized or surrendered are in the power/control of the Trustee and pre-relief administration to employees are most times approved by the Court. The Trustee can also modify the Petition upon Motion and the records of the company(s) often times are open to the US Attorney without warrant.Keep in mind: YOU HAVE TO BE AN EMPLOYEE!! NOT AN INDEPENDANT CONTRACTOR RECEIVING A 1099 etc.

EX-GTX. WAY TO GO!!! You can probably get some of the Blog submitted, especially Ivan's comments as to his financial role(s). This Civil matter can be devastating and the basis for Criminal Actions!! Especially Ivans comments. Ed can be had in a number of ways. Wonder where McKittrick et,al, sit now?

Richard Bennett

10:40 AM  
Blogger DD said...

How is the stock still trading? 65,000 shares trading today. People are getting bags of shit! No news anywhere in the finance news pages, ANYWHERE!

I was going to call MR Ed this week to see why the website was down. Now will call just to see what is going on as a whole.

DD OUT!

2:40 PM  
Anonymous Anonymous said...

The stock will trade as long as the Chapter 7/11 is pending until the Trustee/Federal Court reviews it. That is a good thing as silence from ED and the gang, and by that I mean NOT making required announcements to potential purchasers, is another form of Fraud. AND, the Trustee will, By Rule, collect any and all proceeds. Any attempt to divert funds from the Trustee and/or the Court is as major as it gets. Even tho' the protection guaranteed a petitioner in a Bankruptcy by our Constitution is inviolate, violating that protectiion, either directly or indirectly--as through others actions/behavior--is paramount. So now, as they try to bail out, they are providing fodder for the US Attorney without necessitating Warrants, or Grand Jury etc. Methinks the US Attorney is knocking on the door(s). BIG TIME

Richard

Hey DD, hows it going?

9:26 PM  
Blogger DD said...

Hey Richard, doing fine! Home this weekend, over to Indy next week. Did you make it to my state this month?

Hope your SUIT brings you something with this FILE 7. Can't wait till EX-GTX posts more on it!

DD OUT!

12:05 PM  
Anonymous Anonymous said...

Yo! DD!

We are amending our Complaint to include a few others now that names are all out. For all of you who haven't caught on to the many messages/tips given in kindness to those who really tried to work with those Shits, especially DD and EX-GTX, you can be known now by requesting the forms to be placed on the Master List and/or the Creditor(s) lists. EVERYONE...EVERYONE!! who bought stock in GTXGlobal and any other offering(s) made by the "GANG" has a position. FRAUD....YES FRAUD!! in and through the "Announcement" ED made with his on-line web-cast and his last packet of "FRAUDULENT" and plainly false statements as to the future of VSTC and its products and releases. YOU MUST ACT NOW!!! If you don't act now, PLEASE don't show up whining later.

Richard Bennett

2:05 PM  
Anonymous Anonymous said...

TO: EX-GTX

Just posted the Bankruptcy on Diggit.com. All of you interested should look. You might go there and add your comment(s).

Richard

10:52 AM  
Anonymous Anonymous said...

Diggit.com? Does not seem to show your post. Can you post full link, thanx.

7:22 AM  
Anonymous Anonymous said...

The news and Observer publishes it as:
Assets $8,093,202
Liabilities $ 17,739,157
Majpr creditor: $16,000,000 Perfect 10 satelite Distribution

11:31 AM  
Anonymous Anonymous said...

I contacted S&P Comstock and spoke with JESS SEXTON 212-438-3448.

As S&P Comstock reports through MYWAY.COM Financial and shows the stock actively "SELLING" he was flabergasted that S&P hadn't picked up on the filing as they IMMEDIATELY stop all reporting through their network AND publish the Bankruptcy filing in order to stop sales that would bounce back.

The Diggit.com will link. Just go to Myway.com and place VSTC in the Stock Symbol search line. It will show VSTC and a Diggit avatar. Click on and it is direct to the Blog. You may have to join, but it is easy and worth it.

Richard Bennett

1:52 PM  
Anonymous Anonymous said...

UPDATE

CapitalIQ and Bloomberg have been notified of the VSTC scam and Bankruptcy. I love it!!

Hello DD!!

Richard Bennett

9:35 AM  
Anonymous Anonymous said...

This is set as a "No Asset" Filing. BS. What happened to the 51% of SQL and money in from the stock market? YOU must now put in writing an overview of your claim and send it to :

USBC
PO Box 1441
Raleigh, NC 27602

They no longer send initial forms. Your claim will put you on the list for all future matters. The Trustee DID NOT know that the market still traded VSTC until I informed him. So, all of you, now is OUR time to apply the pressure. In the least we will get a unquestionable tax break from the loss(s).

Richard Bennett 760-767-5915

10:08 AM  
Anonymous Anonymous said...

Can you post the URL where the 54 page filing is located? Could help us all. Thanks.

4:47 PM  
Anonymous Anonymous said...

What would also help is the name and contact details for the trustee (or is that the USBC PO Box 1441 address). Can you post/confirm.

4:50 PM  
Anonymous carl said...

This is set as a "No Asset" Filing. BS.

Good catch, Richard. I've been ruminating about this, wondering how Hagen and crew could milk a little more from their cash cow.

Given that over the years they have had something like 7 companies that I know about, could they use one of those 7 companies to siphon more funds out of the bankruptcy?

For example, let's say that a company that is 49% owned by VTSC (or their corporate officers).... lets call it Soft Questing Librarian Minds, Inc. for laughs... issued a large invoice just days before the filling was complete. Would that debt become part of the proceedings, even though it is a clear attempt to take money out of the hands of the genuine debtors?

2:42 AM  
Anonymous Anonymous said...

Thanks, Carl!

TRUSTEE is Attorney HOLMES HARDEN. Call SARAH at the Bankruptcy Court and she will give you the number. It is important that the Clerk's Office see this influx of requests although she only does the filings, etc. ( AND if you believe she doesn't see the Trustee AND Judge on a regular basis and make "irrelevent" comments.............hmmmm :) :)

And ALWAYS put the COURT # 07-00467-5 ATS and VISION TECHNOLOGY on your claim!! You might also inform the Clerk if you have a concern for Safety and your return address being leaked out, OR use your Attorney's address. The Attorney address sends a message to the thieves that you are "NO NONSENSE NO LONGER"!!!

GOOD LUCK!!

Richard

6:21 AM  
Anonymous Anonymous said...

BTW, how are you Ivan? ED? Think we are dummies here now? See you on the 4th. WE KNOW that you are reading this. AND ED, your attempt to convince Attorney...won't mention his name......that you are a victim of malicious "Naked Shorting" will get you nowhere!! Yes fella's, Ole ED has cried the "Naked Shorting" foul as a "whine"..and somewhat in defense of VSTC'S downfall!! What a Dope!!

Richard Bennett


PS EX-GTX, Jeez Bud, these word Verification (s) are starting to look like a Chinese Menu....IN CHINESE!!

6:32 AM  
Anonymous Anonymous said...

Very good question Carl. And most certainly a possibility -- probably likely. And Hagen's got far more than 7 companies- probably closer to 20.

Gatelinx
GTXC
VSTC
PrimeTV
DishTVNow
Dynamax
Hauge LLC

Everone feel free to jump in.

How many can we name?

7:11 AM  
Anonymous carl said...

Hmmm.... I can add to that list:

PrimeInstalls: After they lost their primary installer (due to lack of payment), they created a network of installers to handle their work. Three Gatelinx employees were taken off of Gatelinx work to create the intranet site for that.

Homeland Security Gas Masks (not quite right, but close... sold single use gas masks around that start of the Iraq war). Again, three Gatelinx developers were taken off of their normal duties to develop the site.

Dyna???? -- It wasn't dynamax, but it was the company we actually got our checks from.

That SMS prayer thing,

Wasn't there a DeFusco interior design company at one point?

And, for a while they were talking about selling an e-Book that David's wife had written.... it was some god awful name like "The Last Lilly Layeth Down" or something.

There was the restaurant...what was that they Grey Ghost or something.

Then there was the set-top box business, which was called PerfectTV....

Prime Security: Tried to sell security systems with the same model as PrimeTV. Again 3 Gatelinx developers were taken off their normal duties to develop the sites.

Sunlogix which was a website design firm that was housed in the same building as the other companies...and only ever seemed to do work for other Hagens companies.


I'm sure there are more, but that's all I've come up with so far.

3:07 PM  
Anonymous Anonymous said...

Dynacorp. That was gatelinx's "payroll" service. They paid all the accounts and yet had no assets/income.

grey ghost was the "fine dining" restaurant that lost money from day one due to the Hagens wine list abuse and free meals to friends and family

Jefferson Inn. This was Annette's BIG deal. restoring a historic registered building to a high end (VERY high end) inn. She sold it at a huge loss after demo started and then she ran out of money to finish the job.

There were others, But all of of their "businesses" were either LLC's or LP/LLP so they (the Hagen's) could claim no "onwership" and therefore limited exposure and liability.

Don't you remember the laughable line David used when the Prime TV thing (and DirecTV/DishTV Now) blew up where he was the "manager" but not the, or even an, owner?

9:43 PM  
Anonymous Anonymous said...

COPY TO ALL! THIS from Gapital IQ!!

Hello,

The information you submitted below has been investigated by our Research Staff and updated in the system. This update should be reflected on Yahoo Finance within 5 business days. Thank you for
bringing this issue to our attention, and we look forward to your continued feedback.

Philip Gurevich
Capital IQ
55 Water Street
New York, New York 10041
*pgurevich@capitaliq.com
Regards,

8:06 AM  
Anonymous Anonymous said...

OUTRAGEOUS!!!

YAHOO FInance shows that VSTC has changed to VSTC.PK!!! and is still actively trading!! I have sent the Chapter 7 to Gapital IQ again. This may turn out to be the biggest "crack in thr side walk" in the history of the EXCHANGE!!!

Richard

4:38 PM  
Anonymous Anonymous said...

This is crazy. VSTC is in Chapter 7 which is in a disolution mode not a reorganization mode. Over 6,700 shares trading today!!!!

9:41 AM  
Anonymous Anonymous said...

News Flash out of the Bahamas...word on the street is that Hagen is the real father of Anna Nicole's baby. Dani Lynn Hagen DeFusco Stone Brown Smith. Has a nice ring to it no?

2:27 PM  
Anonymous Anonymous said...

I have contacted ABC, NBC, CBS and FOX. ALL guaranteed return call in 24 Hrs. ALL of the News researchers are on it now. THIS FRAUD IS GOING BIG TIME!!

Richard

3:43 PM  
Blogger DD said...

Hey Richard,

I'm back. Looks like you have been busy. I couldn't believe the stock was still trading today also!!

I didn't file anything from my losses to the court. I'll be putting it through short term losses on my taxes. As for me, I didn't see getting anything back from these clowns after seeing the assets to liability filings. Shareholders are always last on list.

Told you about the Anna baby, David's new CASH COW! (lol).

HANG THEM ALL!

DD OUT!

12:29 PM  
Anonymous Anonymous said...

...I've followed this blog for some time now. I guess I might consider myself one of the lucky ones, since I sold immediatly after finding this site for only about a $500 loss, never the less $500 I feel scammed out of. What is the latest? I saw something about April 4th.. that is tomorrow!

10:16 AM  
Anonymous Anonymous said...

Could you please post a link to the filing someplace easily accesible. If you a serious about exposing them then don't make people spend hours trying to navigate myway, diggit or whatever. Ask Junkfax.org to host it if you don't have access to a server or don't want to use one of the free pages available everywhere...

11:17 PM  
Anonymous Anonymous said...

I don't know who you are who just posted last, but I take exception to your comment. Either your eyesight is poor or you just don't get it. THE USBC File # is posted. The TRUSTEE is posted. STOCKLEMON.COM is avaiolable!! ALL OF THE PAST BLOGS HAVE EXCELLENT LINKS !! AND I PERSONALLY- NOT YOU--POST MY IDENTITY AND PHONE # (s). It seems as you are THE ONLY one who can't do your own homework!! Be critical where critism is an issue.

Richard Bennett
702-767-5915


JEEZ EX-GTX! WORD VERIFICATION is getting more difficult that following the Blog!!

9:45 AM  
Anonymous Anonymous said...

http://www.satellitetvonpc.com/

Sounds like a Hagen invention/scam.

10:27 PM  
Anonymous Anonymous said...

MEETING OF CREDITORS continued to May 3rd, 2007. Just spoke with Trustee Holmes Hardin
@ 919-981-4000. PLEASE, EVERYONE, don't lie down here. Call and get all you know to him. He is very creditable and will welcome your input.

Richard

9:11 AM  
Anonymous Anonymous said...

FYI!

Date: Thu 05 Apr 2007 02:26:12 PM EDT

To: HHarden@MaupinTaylor.com
Subject: Conversation April 5th


Dear Attorney Harden,

Please reference our conversation this date. The link will give you a complete overview of the VSTC Scam. www.Stocklemon.com has history of this group and the scams also.

This is one for the US Attornry and NOT USBC.

Richard Bennett MD PhD


https://www2.blogger.com/comment.g?blogID=24857736&postID=7724666448092612648

9:30 AM  
Anonymous Anonymous said...

What happened to EX-GTX? Time for an update...

10:02 AM  
Blogger Bruce said...

I have stock in VSTC, how do I let the courts know who I am?

5:26 PM  
Blogger Bruno said...

I have stock in VSTC, how do I notify the courts?

5:44 PM  
Anonymous Anonymous said...

Any new updates?

7:03 AM  
Anonymous Anonymous said...

Is anyone else thinking what I'm thinking?

9:53 PM  
Anonymous Anonymous said...

WHERE IS EVERYONE??

I can't believe that you have dis-appeared when the 11th hour is near!!

EX-GTX...Where are you?

I just returned to USA and find that all of you are gone. Just for the record, I have been in touch with CNBC anf Jim Cramer of MAD MONEY. Who have you--any of you--been in touch with? Ivan and the "Gang" own you wusses!!

Richard Bennett

6:03 PM  
Anonymous Anonymous said...

Hello?

DD
Bennett

Anyone?

10:57 AM  
Anonymous Anonymous said...

I think something or sombody has scared EX-GXT off the case.

12:16 PM  
Anonymous Anonymous said...

Does ANYBODY have ANY news?

7:40 AM  
Anonymous Anonymous said...

DD still here!

Testing this, still having problems getting post to post!

DD OUT!

6:45 AM  
Anonymous Anonymous said...

Don't know if you are still in the run, EXCTX, but yesterday I had Pinksheets De-list those SOB's again. SOMEHOW they got back on. Knowbody seems to own up to it, but after speaking with Liz Hess at Pinksheets AGAIN, they dumped them today. Seems Holmes Hardin, the Trustee, about effecientless)as one you could find. Especially taking someone's GOOD money to pay off crap and therefore creating another string of victims!!

I told you that I would never let them out of my sights!

Richard

6:30 AM  
Anonymous Anonymous said...

COPY FYIDate: Tue 26 Jun 2007 02:12:22 PM EDT

To: HHarden@MaupinTaylor
Subject: REMINDER


Mr. Harden,

The Court has appointed you Trustee in the Vision Technology Case yet, after my notice to you that this Fraud is still selling on the OTC Market, you have yet to convince the Court that new investors are creating new victimse as ther is nothing to buy nor own. I spoke with Pinksheets as, somehow, this worthless stock AND SCAM is still trading, and as a result had this de-listed again. I am informing the Court, that you have known that this company is worthless. Based on that, and the fact that the Court relies on YOU, the newest victims should direct their claim(s) resultant from loss(s) that YOU have had some control over and that your firm be held responsible for the mis-handling and/or failure to move the Court to intervene. Nasdaq can only de-list WHEN the Court issues notices and/or orders.

YOU need to help stop this scam from creating NEW victims. Don't take this lightly.


Richard Bennett MD PhD

6:59 AM  
Anonymous Anonymous said...

COPY FYIDate: Tue 26 Jun 2007 02:12:22 PM EDT

To: HHarden@MaupinTaylor
Subject: REMINDER


Mr. Harden,

The Court has appointed you Trustee in the Vision Technology Case yet, after my notice to you that this Fraud is still selling on the OTC Market, you have yet to convince the Court that new investors are creating new victimse as ther is nothing to buy nor own. I spoke with Pinksheets as, somehow, this worthless stock AND SCAM is still trading, and as a result had this de-listed again. I am informing the Court, that you have known that this company is worthless. Based on that, and the fact that the Court relies on YOU, the newest victims should direct their claim(s) resultant from loss(s) that YOU have had some control over and that your firm be held responsible for the mis-handling and/or failure to move the Court to intervene. Nasdaq can only de-list WHEN the Court issues notices and/or orders.

YOU need to help stop this scam from creating NEW victims. Don't take this lightly.


Richard Bennett MD PhD

6:59 AM  
Anonymous Anonymous said...

Ex-GTXC where are the updates?

9:28 AM  
Anonymous Anonymous said...

So are we to assume that Hagen has won?

8:40 AM  
Anonymous Anonymous said...

HAGEN WINS!
HAGEN WINS!

3:00 PM  

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