OK....So I called Mr James E Skinner with some questions about VCRT and we talked for about 20 minutes or so. First off, he is a Scientist and not a businessman. That is the first thing he told me. However, he has partnered up with a Dan Holtz, and together they purchased the assets of VCRT at auction from the Bankruptcy Court. They went into Voluntary Bankruptcy a couple of years back, which is why the stock is at such a low price now.
They plan on starting up a new company altogether which has to do with the patents, etc that VCRT owned...so the business is the same. Dan Holtz is the main investor as we speak. They are going to "convert" the shares....or whatever... to the new company. So, the old investors will be rewarded! I'm assuming this will be the "Reverse Merger" that takes place into the new company as the old is more or less a shell.
Anyways, I'm also not a businessman.....but was told there is Capital behind this and that their business plan is solid because of the patents and product! Look for filings etc to happen shortly!
