TSK - TASK Group Holdings

[Wallace D]

Hi Robbo24, re: #568

Good to be a shareholder who bought lot's at 1 cent on market…..while others kept bagging it???

Fact: as @ 23 Feb 15, Top 20 shareholders held 1,004,595,057 shares or 68.41%, some which probably acquired them @ 2.7cps in the placement / SPP at the end of 2013.

Fact: Snakk Trustee 12/6/13 96,343,109 annual report
30/7/14 96 343,109
23/2/15 96,343,109

This is Moosie's Sorenson mate, I don't know the guy, but it doesn't look to me he has sold any (can't see who received any options issued), or received any of the aforementioned mad hook-ups? Not commenting on his character, as again I don't know him.

I think we need to be forward looking now, and debate the merits of the business as it grows.

[Baa_Baa]

Good to be a director of VML, you just beat the market 3.5 fold! Well done to directors!

It's pretty darn good being a shareholder as well, without any of the responsibilities of a Director.

All that is needed for anyone bothering to do the research and tracking VMob's excellent progress, was to identify the divergence against the declining share price ... for many months.

You didn't need to be a seasoned share trader to spot that divergence, all you had to do was ignore the incessant Director knocking doomsayers and be patient for the entry price and accumulation opportunities. If you did, you're in alongside the cornerstone shareholders and that is a rare opportunity. In fact the current price is still a cheap entry imho.

Still accumulating, still holding, and will continue to do so. One day I might even have enough to "trade a few around the fringes", if I haven't already retired rich.

BAA

[robbo24]

This is Moosie's Sorenson mate, I don't know the guy, but it doesn't look to me he has sold any (can't see who received any options issued), or received any of the aforementioned mad hook-ups? Not commenting on his character, as again I don't know him.

You must've been reading a while to remember Moosie and his spat with Sorehead. People come and go and make new account names all the time, I wonder who you are?

VML is probably very cheap in terms of an ASX listing. I was in pre-pre-IPO with ASX:MJP and thought a ten-bagger was a far away fantasy - look how that turned out. MJP ended up being $1bn NZD company for the better part of an afternoon.

ASX:PYL another example.

VML on the ASX is, in my view, going to have sufficient hype to give it the 20-30 cents (at today's pre-consolidation numbers) referred to by winner69. VML the ten bagger - what fun.

On the flip side, though, Plus SMS.

[Wallace D]

It's pretty darn good being a shareholder as well, without any of the responsibilities of a Director.

All that is needed for anyone bothering to do the research and tracking VMob's excellent progress, was to identify the divergence against the declining share price ... for many months.

You didn't need to be a seasoned share trader to spot that divergence, all you had to do was ignore the incessant Director knocking doomsayers and be patient for the entry price and accumulation opportunities. If you did, you're in alongside the cornerstone shareholders and that is a rare opportunity. In fact the current price is still a cheap entry imho.

Still accumulating, still holding, and will continue to do so. One day I might even have enough to "trade a few around the fringes", if I haven't already retired rich.

BAA

Ha ha, luv it!! WD

[Wallace D]

You must've been reading a while to remember Moosie and his spat with Sorehead. People come and go and make new account names all the time, I wonder who you are?

VML is probably very cheap in terms of an ASX listing. I was in pre-pre-IPO with ASX:MJP and thought a ten-bagger was a far away fantasy - look how that turned out. MJP ended up being $1bn NZD company for the better part of an afternoon.

ASX:PYL another example.

VML on the ASX is, in my view, going to have sufficient hype to give it the 20-30 cents (at today's pre-consolidation numbers) referred to by winner69. VML the ten bagger - what fun.

On the flip side, though, Plus SMS.

I assure you I have never been on Sharetrader before, and yes I have been watching for just under 2 years, which is the amount of time we have been participating in the Markets, I will look up the ASX companies you refer to, as a history lesson, Thanx.

As far as changing names, can't see the need myself?

WD

[Wallace D]

Even the long haulers will observe the 50EMA crossing up through the 200EMA - the Golden Cross. If for example you only traded in or out when the 50/200 cross, you'd be doing just fine.


Attachment 7221

Daily price chart, showing only the 50 & 200 EMA's. The vertical line is VML's listing date.

BAA

Poetry !! WD

[Baa_Baa]

Something odd with the attachment, I'll repost it now.

[Baa_Baa]

Even the long haulers will observe the 50EMA crossing up through the 200EMA - the Golden Cross. If for example you only traded in or out when the 50/200 cross, you'd be doing just fine. The latest cross was Feb 24 around $0.014.

Attachment 7223

Daily price chart, showing only the 50 & 200 EMA's. The vertical line is VML's listing date.

BAA

[robbo24]

Here's a write up from your boy Moosie_900...

I have written this piece up (with the help of another member) that will helpfully inform those considering an investment in VMob so they are fully informed as to its history, as well as the blue sky potential that some are suggesting awaits the company due to its recent announcements. (Baa Baa, please read carefully!)

VMob started its life off as a horse racing breeder company called Strathmore Group Limited in the late 1980s. However, Strathmore succumbed to whatever ills it caught in the late 1980s and early 1990s, and the listed entity went through a number of reverse takeovers. Between the 1990s and now, it was known under a few names, including Velo Capital, Media Technology Group Limited (of which Phil Norman was a director), and eventually VMob Group as of mid 2012.

There have been a number of colourful people involved in VMob that shareholders should be aware of before considering investing in VMob:

- The main investor/banker is John Sorensen via Snakk Trustee Limited, who of course has been an investors in Plus SMS, Truscreen, Snakk Media, Baboom and Mega Ltd (through his vehicle VIG Limited). He has been involved in a number of companies dating all the way back to Rainbow Corporation in the 1980s. His speciality is buying up very cheap assets, getting them listed, and then exiting at big profits while new investors pick up the risk.

- Other investors include Laddara Pty Ltd (of Australia). These are the Higgins brothers, who own a large painting and contracting firm in Melbourne. They were large investors in the mangled wreckage of Plus SMS Ltd, as well as Snakk Media, Orion Minerals Group and Mega Limited.

- Sean Joyce, director of Vmob, Orion Minerals, Truscreen as well as Plus SMS and more. Joyce’s business used to be called Corporate Counsel, but is now called CM Partners. He specialises in listing penny dreadfuls, and has acted for Sorensen interests many times in the past. Listings and reverse takeovers he has been involved includes names like Seadragon, Snakk Media, Eastern HiFi, Dominion Finance, NZ Finance, Jasons Travel, National Mail, RIS, Feverpitch, ICP Bio and Zintel.

- Brett Wilkinson, who was also part of the Plus SMS wreckage, was involved in Orion Minerals plus other companies listed by Joyce, and is now advising investors at Vulcan Capital.

- The one shining light is Phil Norman, who to his credit, can call himself the inaugural chairman of Xero, so far a huge success story in NZ. It is also worth noting though that he is now Sean Joyce’s business partner at CM Partners Ltd, which is a corporate advisory for small companies looking for capital.

So what of these companies?

Plus SMS has to be one of the worst-ever companies to grace the NZX since the 1987 share market crash wiped out the worst of the 1980s. In short, they made misleading statements to allegedly allow insiders to pump and dump the stock. But rather than re-litigate their entire history here, you can read it all at the following links:
http://www.nbr.co.nz/article/plus-sm...un-deep-103750
http://www.nbr.co.nz/article/history...listing-121166
http://www.stuff.co.nz/sunday-star-t...Plus-SMS-story
http://www.nzherald.co.nz/business/n...ectid=10753959

Truscreen is a newly listed company selling a product which had chewed through several tens of millions of Australian dollars before failing a few years back. The wreckage was picked up by John Sorensen for peanuts value, dusted off, and then backended into Truscreen late last year. A company whose assets were perhaps valued at less than $20,000 is now in a company worth $18m. This has been covered in quite some detail on teh TRU thread, but Chalkie makes an excellent case for why extreme caution needs to be exercised:
http://www.stuff.co.nz/business/opin...e-share-appeal

Orion Minerals - this mining company doesn’t do any mining anymore. It appears Mr Jacomb was persuaded to put up capital by his good (ex-)friend Ken Wikeley in order to finance a ground-breaking new drill piece and procedure that was going to make them millions. Turns out it was pretty much a scam and the entire thing went to court for years. It owns some scrap metals businesses in Melbourne. It doesn’t appear to have made a profit at any point, and Mr Sorenson was also involved quite heavily:
http://www.stuff.co.nz/business/opin...verse-listings

The repeated inclusion of these individuals and others in numerous penny dreadfuls with appalling track records of shareholder wealth destruction and bad governance suggests that more of the same is at least a possibility at the other companies they are involved in.

This is why it is important to heavily discount any news coming from VMob about successful contracts, particularly given the Plus SMS background which mimics VMob in several ways.

The same people who promoted and benefitted from the Plus SMS debacle are the same people who are promoting and benefitting from "global contracts” in Vmob. (Note well: the Vmob contract announcement the other day comes without any revenue figures, or any meaningful way to assess the real price sensitivity of the announcement.)

The same people who have promoted uncapitalised small companies with slim prospect by “blue sky potential", are the same who then sell down at highly inflated levels .

The same people who oversaw capital raises for some of the worst NZ corporate wreckages are the same people who are raising capital in Vmob (subject now to concerns being consider by the FMA - without anyone having filed a complaint to date, no less!).

Maybe Vmob will hit it out of the park. Maybe they will be well capitalised. Maybe they have superior management and the governance will surprise us with their vision and prudence. Maybe Vmob will be a great success.

But for this great success, investors will need to weigh up the histories of Plus SMS, Orion Minerals, Snakk, Truscreen, and a whole host of other poor and awful entities, and work out whether they as the Johnny-come-lately-investors are the means by which others profit from.

The risky vs reward scenario here is very clear here if you buy: YOU take the risk and THEY take the reward. As Balance likes to say; Heads they win, Tails you lose.\

Be careful out there people...

[sommelier]

The problem with Moosies old criticism is that Scott Bradley owns about 30% of the company, and has executive control. The 'dodgy' shareholders only hold around 4-6% each. They don't determine the direction of the company. It's Scott's company, they are just the unfortunate remains of the shell. But hey, I guess those of us with average holdings under 2c are feeling pretty positive for the moment. Green tinted glasses.