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Vidaroo Corporation (VIDA)

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Last Post: 12/22/2015 9:25:44 AM - Followers: 63 - Board type: Free - Posts Today: 0


 

 
VIDAROO EXECUTES INTELLECTUAL PROPERTY ACQUISITION AGREEMENT WITH SKYNET TECHNOLOGY GROUP
8K >>> http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9396898
 
 
Vidaroo signs agreement to sell its online video platform to Skynet Technology Group, Inc. for $4.25 million with the potential to increase that amount by an additional $625,000 based upon future revenues.
 
ALTAMONTE SPRINGS, FL, July 12, 2013 -- Vidaroo (OTCPink:VIDA) today announced that it has signed an agreement with Skynet Technology Group ( www.mahala.us ) to sell the intellectual property for its online video platform for $4.25 million, consisting of $1.25 million in cash and $3 million in Skynet stock.  The agreement also calls for an ongoing royalty payment of up to $625,000 based on future revenue generated by the Vidaroo platform. Skynet, based in Roswell, GA, operates a mobile payment services company based on a patent pending  S-QR ä payment application.
 
The new purchase agreement is an outgrowth of the original revenue sharing arrangement announced May 15. “As we began working together, we discovered that there were certain practical issues that made purchase a better option for all parties,” says Tom Moreland, Chairman and CEO of Vidaroo.
 
“Skynet management was attracted to the flexibility of the Vidaroo platform and the ability to monetize video content,” he says. “I am of course extremely pleased with this new agreement. I’m looking forward to the value that this agreement provides to our shareholders beyond Vidaroo’s current enterprise value.”
 
“As creator and lead architect of the Vidaroo platform, I am very excited about the potential longevity and opportunities provided by Skynet’s intellectual property acquisition. Vidaroo’s native ad server and video syndication makes for a unique solution when coupled with Skynet’s S-QR ä payment technology,” says Micheal Morgan, member of Vidaroo’s Board of Directors.
 
According to Moreland, the purchase agreement also provides additional royalty revenue to Vidaroo from 24% of the gross revenues generated by Skynet’s operation of the licensed software up to $625,000.
 
“I am quite excited about the value we expect to generate from the combination of Mahala’s S-QR ä payment application and Vidaroo’s video management and distribution capabilities,” according to Sonny Fisher, CEO of Skynet Technology Group.

 
VIDAROO WEBSITE CONFIRMS THE SOFTWARE HAS BEEN ACQUIRED...
www.vidaroo.com


132M O/S as of April 2013... And there has been no high volume days since then, rarely a day where 3-4 million shares trade. O/S most likely remains the same if not very close. See the chart below to confirm.

$4,250,000 / 132M o/s = .0321 !!!

 
VIDA ONLY HAS $650,000 TOTAL LIABILITIES...
$4,250,000- $650,000= $3,600,000 NET



$3,600,000 / 132M o/s = .0272 AFTER ALL DEBT GONE!!!


THE BUYERS OF THE VIDAROO PLATFORM ARE ALIVE AND WELL AND UPDATE REGULARLY, SEE FACEBOOK PAGE, WORKING WITH WU TANG CLAN...
SKYNET TECHNOLOGY GROUP / MAHALA
http://mahala.us
http://www.mahala360.com
https://www.facebook.com/mahala360
https://www.facebook.com/SkynetLLC

 

 

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#6162   don't worry about it. I like NXGA, tedpeele 12/22/15 09:25:44 AM
#6161   Are you attempting to do, what I think GOINGUP-AGAIN 12/22/15 06:22:57 AM
#6160   Anyone here know what happened? Skynet seems tedpeele 12/21/15 09:39:09 AM
#6159   No one wants to buy a stock that Frank0051 06/24/15 02:38:12 AM
#6158   Very cheap here. MCap less then $100k. SILVERISTHENEWGOLD 06/15/15 08:40:11 PM
#6157   ~VIDA~0011~IP SOLD FOR .0272 PER SHARE! NO BS! READ... SILVERISTHENEWGOLD 04/23/15 09:55:29 AM
#6156   I actually do own shares; I've been buying Frank0051 03/07/15 03:37:08 PM
#6155   Ya except it did, over 0020+. It was SILVERISTHENEWGOLD 03/06/15 09:28:06 AM
#6154   Bored, huh? Yawn RichDude 03/06/15 01:10:23 AM
#6153   Boy oh boy, VIDA took off like a Frank0051 03/05/15 09:12:29 PM
#6152   Boy oh boy, we're rolling in the dough. Frank0051 03/05/15 09:11:50 PM
#6151   Agreed this is a pos Penny Land Player 01/29/15 10:48:47 PM
#6150   There won't be any news other than paid Frank0051 01/29/15 08:15:00 PM
#6149   Yawn...Whatever :) RichDude 01/29/15 08:43:28 AM
#6148   Dump town to .0001 here be ready Penny Land Player 01/29/15 07:30:35 AM
#6147   But, keep in mind, this ran up 175% RichDude 01/29/15 12:22:33 AM
#6146   Tell us something we dont know. LOL This RichDude 01/29/15 12:19:35 AM
#6145   http://www.otcmarkets.com/stock/VIDA/profilet Thats a HUGE STOP SIGN on otcma Penny Land Player 01/28/15 09:54:31 PM
#6144   When? Ain't happenin'. Frank0051 01/28/15 09:19:51 AM
#6143   HOLDING FOR THE BOOM! RichDude 01/28/15 01:11:25 AM
#6142   VIDA: Big Radar ON...An old Favorite...So Low Now!!! Sibware 01/23/15 11:21:49 AM
#6141   Today or 1 1/2 years clearly weren't it. Frank0051 01/21/15 09:06:32 PM
#6140   VIDA - Our day is coming! ; ) RichDude 01/21/15 06:02:40 PM
#6139   Boy oh boy, VIDA is rolling in the Frank0051 01/21/15 12:09:29 AM
#6138   Why the heck would you short a penny Frank0051 01/15/15 08:46:45 AM
#6137   why are you stuck here?..are you shorting...? Nadendla 01/14/15 11:23:26 PM
#6136   Wow a whooping 25 cents were traded today! Frank0051 01/14/15 07:38:57 PM
#6135   Right and because that preferred isn't going to Frank0051 01/14/15 07:38:10 PM
#6134   It is worth .0272 per share after debt SILVERISTHENEWGOLD 01/14/15 09:13:20 AM
#6133   Are you finally taking into account the preferreds? Frank0051 01/14/15 09:10:47 AM
#6132   .0041 JUST IN CASH PER SHARE AFTER DEBT! SILVERISTHENEWGOLD 01/14/15 08:48:42 AM
#6131   VIDA TRAIN BOUT TO LEAVE THE STATION! RichDude 01/14/15 01:18:51 AM
#6129   BOOOOOOM! VIDA! GOING UP! : ) RichDude 01/13/15 09:50:14 PM
#6128   Loading zone? Roughly $700-$800 traded today. Doesn't sound Frank0051 01/13/15 04:23:30 PM
#6127   Volume continues to drop, the pump is over, Frank0051 01/13/15 04:22:25 PM
#6126   That's great. VIDA is mostly unknown around here. RichDude 01/13/15 03:12:09 PM
#6125   More Ibox info coming, found some new stuff SILVERISTHENEWGOLD 01/13/15 03:04:11 PM
#6124   NICE MOVE UP! :)) RichDude 01/13/15 02:57:24 PM
#6123   ~VIDA~ 0018 on ASK :) Fear Drop Over! SILVERISTHENEWGOLD 01/13/15 02:49:04 PM
#6122   HAHA! I know where that dump came from! RichDude 01/13/15 12:23:14 PM
#6121   BOOOM! Big RUN coming! VIDA! RichDude 01/13/15 09:29:06 AM
#6118   With assets 27X CAP, VIDA is PRIMED for RichDude 01/12/15 08:28:11 PM
#6117   VIDA! Expecting MORE to join! RichDude 01/12/15 08:06:08 PM
#6116   VIDA! Whales are watching! RichDude 01/12/15 08:02:23 PM
#6115   VIDA! Very GOOD loading zone! RichDude 01/12/15 08:00:38 PM
#6114   VIDA runs extremely well! RichDude 01/12/15 07:59:10 PM
#6113   VIDA! More eyes here! RichDude 01/12/15 07:57:21 PM
#6111   When that happens, BOOOM! VIDA! RichDude 01/12/15 06:10:57 PM
#6110   Especially when investors figure out the assets outweigh RichDude 01/12/15 06:09:03 PM
#6109   Looking for VOL spike here, SOON enough! ;) RichDude 01/12/15 06:07:25 PM
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