I just spoke on the phone with the CEO...
OK, just hung up the phone with Vince, the CEO of Valcom...
What a great guy. We talked for about 20 minutes.
Here's a few highlights...
* The company will be debt free within 90 days.
* News is coming out next week.
* They are in the process of licensing their content, which produces revenue for the company.
* They own a Family Based TV station in Florida which is producing revenue.
* There will be revenues, not just assets reported next quarter for this reporting period.
* Valuation is still being done on the library, which when completed will increase the company's assets, and will affect the pps as well.
* It is a goal of the company to uplist in the not so distant future. (Before 9/11 the company was preparing to move to the American Stock Exchange).
* There is a dividend for shareholders in the works... could be within the next 60 days, but may take longer.
* There is between $5M and $7M owed to the company from royalties which are now in the process of being collected.
* The company is in the process of building a network of stations carrying content owned by Valcom.
* Mr V. (the CEO) told me that he is very interested in people making money with this stock and in building this company back up to beyond where it used to be at it's peak.
* PRs will be coming regularly, starting next week.
* He told me that he had previously built the company up from about .17 per share all the way to $3+ per share by keeping shareholders updated and sending out monthly newsletters, DVDs and mailing promotional materials out... and he intends to rebuild it in a similar fashion. (The company suffered when he was diagnosed with cancer and apparently could not manage it well during that time. He has since beaten the cancer is back and stronger than ever).
* He wants the share price back in the dollars range again.
* He encouraged me to contact him again in the future and that he looked forward to speaking with me again. "Call or email", he said.
When I called, the receptionist answered the phone and I asked to speak to someone in investor relations. She transferred me directly to Vince, I was a bit surprised. However, our conversation was very enlightening and enjoyable.
Vince told me, also that as a shareholder, he works for me. It was funny, but good to hear that...lol.
