TSK - TASK Group Holdings

[Baa_Baa]

Im not here to refute your posts Balance, though you seem to be here to refute mine, by asking questions instead of providing evidence why VML is as bad as you seem to think .. right now. It's about right now, not a history lesson. All you do is post suppositions and inference without specific evidence, like BFG your protege, only more eloquently. I notice that's your MO everywhere though, so I don't feel particularly singled out for your glass half full treatment.

Don't waste your breath and time, BFG.

Notice how Baa Baa cannot refute one single item on post #442?

Write not for Baa Baa but to provide a counter to the many newies who frequent the site.

All cool!

[Baa_Baa]

I thought you had reached a new low point a week or so ago, apparently not. Get back on point and state your accusations, evidence and why you refuse to do anything substantive about it, except whining here. For someone with such strong convictions, I fail to see why you wouldn't.

Do not invest in VML, you silly goose because the pteorodactyls are pooping on my lawn and the moose have eyes and my accusations of are beyond the realm greased monkeys caring silver spoons which is because of the Second World War and Hitlers penchant for creamed corn which is why this time is a replica of maple syrup, cheese curds and dollar bills all microwaved into a hot mess at times, and here is the evidence why this time is not different - slightly cold asphalt; flying pigs; farting octopi; a babys arm holding an apple even though I have chosen not to formally report any of this to Hitlers creamed corn brigades, cute cats invading the interwebs, or an enraged overgrown giraffe which of course I could have but haven't because I am a four legged woodland creature so if you ignore this warning you can expect creamed corn, monkey poo and Balance to deliver hand made Belgian chocolates on a silver platter with a side of hors d'oeuvres to happen, including my telling you "I told you so" interminably for ever after.

PS - I left this as is to show your terrible spelling and lack of punctuation. Run on sentences are the work of the devil

[BFG]

I thought you had reached a new low point a week or so ago, apparently not. Get back on point and state your accusations, evidence and why you refuse to do anything substantive about it, except whining here. For someone with such strong convictions, I fail to see why you wouldn't.

It's Saturday night of a long weekend Baa, chill out man. Nothing like a good laugh once in awhile

[Lola]

Don't waste your breath and time, BFG.

Notice how Baa Baa cannot refute one single item on post #442?

Write not for Baa Baa but to provide a counter to the many newies who frequent the site.

All cool!

Yawn; both you guys AFAs?

[Balance]

Yawn; both you guys AFAs?

Sad.

"He who knows not that he knows not, he is a fool. Avoid him."

"He who knows that he knows not, he is a child. Teach him."

[kizame]

Do not invest in VML, you silly goose because the pteorodactyls are pooping on my lawn and the moose have eyes and my accusations of are beyond the realm greased monkeys caring silver spoons which is because of the Second World War and Hitlers penchant for creamed corn which is why this time is a replica of maple syrup, cheese curds and dollar bills all microwaved into a hot mess at times, and here is the evidence why this time is not different - slightly cold asphalt; flying pigs; farting octopi; a babys arm holding an apple even though I have chosen not to formally report any of this to Hitlers creamed corn brigades, cute cats invading the interwebs, or an enraged overgrown giraffe which of course I could have but haven't because I am a four legged woodland creature so if you ignore this warning you can expect creamed corn, monkey poo and Balance to deliver hand made Belgian chocolates on a silver platter with a side of hors d'oeuvres to happen, including my telling you "I told you so" interminably for ever after.

PS - I left this as is to show your terrible spelling and lack of punctuation. Run on sentences are the work of the devil

Hmmn Monty Pythons' Flying Circus, BFG you have sunk to a new low being like them.

[kizame]

People! Buy the damn shares if you want! OR not!
Lets just talk about the company,it's prospects,it's position in the market.

BFG and Balance if I saw negative posts warning others to stay away,frankly I would head that advice until at least I knew otherwise,
DYOR !

[BFG]

Hmmn Monty Pythons' Flying Circus, BFG you have sunk to a new low being like them.

I always try to look on the bright side of life...

[BFG]

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...

[robbo24]

Nice write-up BFG