Videolocity International Inc (VCTY)

[glidingone]

IR Response - OS Pinksheet Error? per IR the OS stated on otcmarkets is incorrect. Scroll down to read the whole conversation.

Thu, Feb 17 2011 12:47pm
Good day,

We on the IHUB board were delighted to see the OS reduction from 4 billion to 492,171,990.

Questions:

1. How/Why did this OS reduction occur? Was this the share buyback previously mentioned?

2. Was this a retirement of the shares allocated to mergers that did not come to fruition? Was the promise to retire the shares back to the treasury finally kept?

3. The Float has not been updated in nearly 4 months - we all desire to know what the float of the stock that we are invested in is currently - in order to increase confidence, please detail the current float so that we can address the many questions about the validity of VCTY.

4. When will this 3.5 billion reduction in the OS be PR'd across newswires with a detailed explanation? A little interest is being shown due to our efforts on Ihub - will VCTY be explaining this development in a PR today/tomorrow?

5. Q4 financials are overdue? When will those financials be filed and PR'd? If investors can see the profits along with the huge OS reduction (and the confirmation of the float at 164 million) in one PR with detail... the pps and investor confidence will rise as one...

Please reply back at your earliest convenience - we are quite excited about this development and hope that this is the point when VCTY/MMMG will explain this clearly and properly as soon as possible via news-wire Pr's and pinksheet filings.

Alan E.

Thu, Feb 17 2011 2:15pm - Michael S
Any changes in share structure will be discussed by the company via PRs or filings.

Thu, Feb 17 2011 2:21pm
Please address all questions - Q4 financials status? The deadline to file those has passed by if I am not mistaken?

The trouble is that there have been no filings since December and the PR's do not address the share structure, financials or any other topic in depth that investors need to know about before they will invest... VCTY just reduced the OS from 4 billion to 492,171,990 as per otcmarkets today and did not say a word about it in filings or PR. If the IR for VCTY does not answer questions - how are investors going to learn what they need to about this stock? What good is this ticket process when all that is ever said is - The company will address in PR's or filings... It's worthless?

Looking forward to an official PR and filing explaining the reduction and a current updates on the AS and Float for VCTY as soon as possible.

Alan E.

Thu, Feb 17 2011 2:26pm - Michael S
No! end of the year financials are not due until the end of March. Pinksheets is incorrect and will be updated briefly.

Thu, Feb 17 2011 2:31pm

Thank you for the update on the financials.

Do you mean that the AS and the Float are incorrect or that the OS was not reduced as is currently detailed?

Alan E.

Thu, Feb 17 2011 2:33pm - Michael S
OS is incorrect. It will be fixed soon.

....... Now what that means precisely ... I do not know ... sharing for the good of the board... the OS on pinksheets is still 492,171,990

http://www.otcmarkets.com/stock/VCTY/company-info