Larry , I know about this and I did try to tell you, many times, as you know.
With regard to CRI, I told you and this board, many months ago, that Carl Ceragno told me that he would split with Joel if things did not work out. I think that his words were: "they will not take me down with the ship, when I am generating all of the revenues". He then made a vieled threat to me about my involvement said something like - no one screws with me. I got the message and that was when I quit paying their salaries, because his statement told me that they were they were not working together.
My intuition was correct. Go back and look at what I said on these boards. The company went under 2 years after I left the scene. They raised another 2 million dollars after I quit paying and still couldn't make it work. Then you and Gary and Joel and Mac and Jerry and whoever blames it on me. Why do you not blame it on Gary Shultice(who put over 1/2 million dollars in the deal), or Milliniem Holdings(who put 3/4 of a million dollars in it), or Jim Cole who put 1/2 million bucks in the deal, and how about you Larry, and me, and my friends, and your friends, and etc., etc., And let us not forget the other stockholders that lost money. Comeon ,let's get real. We got took. My dad talked to Mac Beagelman, Carl talked to the news and twisted the story, saying that he had talked to my dad, in an effort to get more money out of me and my family. Dad's law firm wrote a letter to the NewYorker with the threat of a lawsuit, and they backed down and printed a retractment, but the personal damage was already done and of course, no one ever cares about that. It is all about $, anything for $. I am sick of it Larry. I know that you are a good guy Larry and you really believed in these guys, just like I did, but in the financial world, they do not care about us, or our friends or our family. This crap has put an unrepareable dent in my relationship with my father and he just had his #71 birthday. No one wants to be 71 and have some children that do not come because of some stupid pennystock deal. I just hope that others will learn from my mistakes. I gave Visual Telephone over $100,000.00. I still have 250,000 shares that at Fridays close is worth $128,700. As you know, this stock is frozen, but it will be applied to whatever judgement is assessed in the lawsuit(hopefully soon). If I had not believed in Visual Telephone, I would have sold every share at $1.50 - 1.75, where it traded for several weeks on big volume. If I had taken that route I could have made $387,500.00 ($1.5/sh) and have been done with it. But I believed that what they were telling me was the truth. I had never dealt with a BB stock, although I had been in the business since I was 14 years old. I was in the "bubble", only dealing in Fortune 500 stocks, maybe a few Nasdaq stocks, but never BB or "pink sheet" stocks. I admit to the world, I got took, and it messed up my relationship with some old broker friends and my father, and knowing him, it will never be repaired. I have cleaned my side of the streat, but with no response from him.
I have now had numerous experiences with BB stocks, because of my "initiation" with VTPI. This is a strange BB world. I think that there are some 5500 BB stocks. The diversity is interesting, most are scams, but a small percentage are good companies that remain BB because of the reporting savings, and they just want liquidity if they need it.
This new deal, iVoice, smells really bad. Of course CRI is gone, as Carl told me, but there is some stock deal from him that will never happen, and maybe you can tell us what the merger deal entailed. Because I know that 50 to 150 million shares were issued to Jerry, depending upon his IQ. From talking to his office and reading the press releases, I would say that he got closer to the big #.
Regards,
Kevin |
