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Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Question to all Stockhouse members on advice
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Post by BigFatUgly1 on Jul 07, 2016 12:48pm

Question to all Stockhouse members on advice

Vid has recently ousted the most slimiest CEO (George Fleming ) the venture has seen earlier this year. A honest man was appointed CEO ( Steven Hancock) with a plan to restructure and support of shareholders. Unfortunately Steve was recently involved in a tragic accident that took his life. 
 Now George Fleming some how took the reigns again. My question is how and is it possible to vote him out? Can shareholders call a general meeting and vote on new board members? Just want to know any and I mean ANY possible way to get this George Fleming scum from taking anymore of our  possible restructuring money? 
 Could we as shareholders take control? Could we combine our shares and hold over 50%? Yes I am desperate as we all are. I am sure there is someone out there that wants a shot a running this restructured company. I myself would contribute to anyone but George and his friends that just want start up money for their next scam.
Please any info would help
Comment by marvelmaker on Jul 07, 2016 3:44pm
Many may disagree but I think GF is the best shot we have at this time of salvaging VID. He isn't stupid, he knows if he screws up VID it will follow him. If he manages to hand it off with some reasonable semblance of staying afloat, angry shareholders from VID will leave him alone to his next venture (my guess what he is hoping). He has a target on his back (not mine and I don't own a gun ...more  
Comment by marvelmaker on Jul 07, 2016 3:54pm
I think it is important to draw the line as well between angry investor and predatory investor with an agenda. People will post here in the attempt to profit off of other's misery. Shake loose your investment. It is a free country. But the saying is still valid - big people talk about ideas, average people talk about the weather, little people talk about other people. Can't we dedicate ...more  
Comment by BigFatUgly1 on Jul 07, 2016 4:22pm
I think George will run with our money again. He will simply state...oops guess it didn't work again..and then go pay his rent for a couple months and start the next swindle. We need him out. File bankruptcy protection with someone new in charge. We have a plan. We can use the plan set in place now. Someone has to be available in this economy that wants to take a shot with nothing to lose ...more  
Comment by Realhumanbean95 on Jul 07, 2016 4:51pm
Say what you want but look at the financials that are available for the previous years. This company never once showed fiscal prudence. Losses are in the millions. At one point they had 25 mil in cash from stock conversion. What do they have to show for it?? Look back 2013-14. Add to that misleading press releases claiming huge sales growth...lol. i speak for myself when i say i did not do my due ...more  
Comment by BigFatUgly1 on Jul 07, 2016 5:00pm
How do ya think we would be doing if George didn't take his millions for not producing. Who really knows where the money went. Just think about having $500,000 every year more then we did. Would it be any different?
Comment by Realhumanbean95 on Jul 07, 2016 5:12pm
I dont give a sh1t about george or what he did thats all in the past. I should have known better before risking my hard earned money for something headed to insolvency.
Comment by BigFatUgly1 on Jul 07, 2016 5:06pm
Comment by BigFatUgly1 on Jul 07, 2016 4:26pm
I think George will run with our money again. He will simply state...oops guess it didn't work again..and then go pay his rent for a couple months and start the next swindle. We need him out. File bankruptcy protection with someone new in charge. We have a plan. We can use the plan set in place now. Someone has to be available in this economy that wants to take a shot with nothing to lose ...more  
Comment by exemployeevid on Jul 07, 2016 8:07pm
I could not agree more. He can not be trusted and as an ex employee I can confirm that we were all lied to and conned. He was hardly ever in the office, always away on "business trips to Toronto". Those trips were for him to see his girlfriend who lived there, lavish her with fancy dinners, gifts & vacations. That is where I suspect some of your money went and our ...more  
Comment by JohnnyTSX on Jul 07, 2016 10:48pm
Hi BFU, late to the coversation...  I think the issue is the company doesn't have the luxury of time to be saved under different circumstances than already presented.  It will likely be forced into creditor protection as creditors will likely be actively filing judgements against it's assets - that is if any are left.  I am only assuming as we have not seen any recent ...more  
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