Videolocity International Inc (VCTY)

[glidingone]

ASCC Sale went from CLOSED/finalized to PENDING:


January 31: Videolocity International, Inc. (VCTY; announced that it had closed the sale of its Avatar Singh Construction subsidiary (ASCC) and that there could be a possible distribution for VCTY shareholders. The sale of ASCC is being conducted on an all-stock basis and could yield VCTY several million dollars in profits.
VCTY's Tactician University announced that it had organized a seminar with the Chinese Academy of Social Sciences Urban Development and Environmental Research Institute to promote regional economic development in China.

January 28: VCTY announced that a deal to sell its Avtar Singh Construction (ASCC) subsidiary to Evader Inc. (EVDR; ) was in place and that the transaction was expected to close within 10 days once all of the involved parties finalized the logistics of this sale.

Now Today - the latest news is:

February 16: Videolocity International, Inc. (VCTY;
VCTYThe ASCC sale should close soon. Just as with EVDR, we see administrative and coordination hurdles since the companies' principals are trying to resolve the sale while out of the office on business. The sale is on and as soon as the dust settles, VCTY will have a single main subsidiary: Tactician University.

So... is this just like the Merger with AMETA - which was ready to sign... and the hydro merger - which was a signature away?