graffixak
3 years ago
Sorry I'm late to the game. I didn't know anyone else was playing. VTEQ, my 2nd favorite bastard child. Today I found this thread and just got caught up.
I had mostly given up on it, then I started to think someone was trying to jerk my chain. The price would go up, a few hundred shares, the price would go down, a few hundred shares. Maybe a couple thousand shares here and there. Year after year I watched it taunt me. This is why I hardly ever invest, because of the taunting. I get wound up.
I think I've had it for 5 years now. This week I took a look and saw it popped higher than normal, and I was in a taunting mood so I sold a few. It was .48 when I released it with a stop on .45, then I logged out just in case the order took a while.
Imagine my surprise the next day when I went to check on a new target and I saw my order executed at .55. Uh, that never happens (to me).
I'm not really sure what to make of this company, but I guess we're all sharing the ride.
One thing I'm not really clear on, even after reading all the messages: do they actually DO or make anything? I saw branding, I saw word placement, I saw "marketing", maybe I saw "leverage", but not an actual "something" for the exchange of money. Oh, they did license something to another company, so that took effort and should have resulted in an income stream (creek).
Vector2112
7 years ago
This letter states that Ken Shappiro is the new CEO? Does anyone know if he is one of silvermans Cronies?
VTEQ CEO Releases Letter to Shareholders
BOCA RATON, Fla., March 23, 2017 (GLOBE NEWSWIRE) -- Veriteq Corp. (the “Company” or “Veriteq”) (OTC:VTEQ), who currently operates through its wholly owned subsidiary, the BraceShop, LLC, a leading supplier of orthopedic and healthcare products, has released the following letter from its CEO, Dr. Ken Shapiro:
Dear Fellow Shareholders:
After completing our reverse merger of the BraceShop LLC into Veriteq last year, I assumed the role of CEO. Transitioning to a publicly traded company from a private enterprise has been challenging, but we have met that challenge and are moving forward to build a company that our investors can be excited about.
The BraceShop operates an online retail site called Braceshop.com. The site sells orthopedic braces as well as physical therapy and rehabilitation equipment. Organically growing this business, over the last several months, we completed the site’s transition to a mobile responsive website, which should provide greater online visibility as well as increased sales.
Our (SEO) Search Engine Optimization position in Google has improved dramatically over the last year, and we hold key positions online with major keywords and phrases that relate to the business of our company. Our ads for general terms like knee braces, ankle braces or back braces typically show us in a #1 or #2 position. As we improve our SEO position, we will be able to reduce our dependency on (PPC) Pay Per Click advertising, and lower the costs for customer acquisition. Email marketing campaigns in 2016 have well exceeded those of 2015 and are expanding our marketing efforts into new revenue opportunities. Our expansion into SE Asia, with the launch of Braceshop.asia will provide increased prospects that will further enhance our bottom-line, and introduce our company to millions of new customers.
Harnessing and monetizing our retained data and the traffic to our website is our focus. Our website generates valuable data through its unique visits every day and related incoming telephone calls. In 2017, we will attempt to find new revenue opportunities from the use of this data, as we expand our online retail site and diversifying our revenue streams. We will partner with companies that can help us take advantage of our data mining.
Additionally, developing our Braceshop private label line will allow us greater margins and control over sales and marketing. We are expanding our online sales channels to include Walmart and Jet, while improving our visibility and positioning with Amazon and Ebay.
We will continue to update our shareholders throughout the year with relevant news and successes.
onthegreen
9 years ago
VeriTeQ Corporation to Acquire The Brace Shop
Proposed Acquisition Expected to Result in Approximately $7 Million in Gross Annual Revenue
DELRAY BEACH, Fla., Dec. 02, 2015 (GLOBE NEWSWIRE) -- VeriTeQ Corporation (“VeriTeQ” or the “Company”) (OTC Markets:VTEQ), announced today that it has entered into a definitive agreement to acquire all of the membership interests of The Brace Shop LLC ("The Brace Shop"), a full service retailer of orthopedic braces, physical therapy and rehabilitation equipment with unaudited annual revenues as reported by management of The Brace Shop being approximately $7 Million for the year ended December 31, 2014. The Brace Shop has been operating for over 15 years and is based in Boca Raton, Florida.
Subject to the satisfaction of certain closing conditions set forth in the definitive agreement, the Company will pay cash of $250,000 and issue convertible preferred stock of the Company to the owner/seller of The Brace Shop in exchange for all of the membership interests thereof.
The closing of the transaction is currently expected to occur no later than January 2016.
About The Brace Shop LLC
Brace Shop LLC operates as an expanding online retailer of orthopedic braces and supports for the various extremity categories such as knee, ankle, back, wrist, shoulder, elbow, foot and neck; physical therapy and rehabilitation equipment such as hot and cold therapy, electric simulation, medical tables and ambulatory devices. Operating for over 15 years, Brace Shop distributes their products worldwide to a variety of industries including healthcare professionals, hospitals and clinics, government institutions, school sport teams and to the general public.
Statements in this press release that are not purely historical facts, including statements about our beliefs, intentions or future expectations, may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “may”, “expect”, “anticipate”, “intend”, “estimate” or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward looking statements involve risks and uncertainties and are subject to change at any time, and that our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, VeriTeQ’s ability to effectuate the Acquisition on terms and conditions satisfactory to the Company, the Seller and The Brace Shop, the unaudited revenues of The Brace Shop as reported by its management and to continue to raise debt and/or equity to fund its operations, the proposed acquisition of The Brace Shop and the payment of all costs and expenses related thereto and to become current in its reporting requirements under the Federal Securities Laws; as well as other risks or events beyond VeriTeQ’s control. Additional information about certain other factors may be described in VeriTeQ’s Form 10-K, filed on April 14, 2015. VeriTeQ undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
VeriTeQ
Allison Tomek, 561-846-7003
atomek@veriteqcorp.com
Source: VeriTeQ Corporation
© 2015 GlobeNewswire, Inc.