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Tanail, the 2nd qtr financials were for PNDR, pre-merger, as required by the SEC.
All future PRs will be for VTGL.
Yes, E*Trade finally has the correct symbol and # of shares.
An Outsider's Question Please.
As an outsider watching I was wondering if the prior holders of PNDR have realized a change in the number of shares held in their account following this change and/or since July 1st...the date indicated as the 1-10 R/S?
Thanks and GLTA
What I find confusing is that there is still PR as Pender and Vianet separately
B
Financials out:
http://finance.yahoo.com/q/is?s=vtgl.ob
PENDER INTERNATIONAL, INC.
Interim Consolidated Balance Sheets
March 31, 2005 and December 31, 2004
(Stated in United States Dollars)
(Unaudited)
2005 2004
ASSETS
Current
Cash $ 2,061 $ -
Sundry receivable - 4,978
Prepaids 9,451 5,010
--------------------------
11,512 9,988
Equipment, Net (note 6) 14,328 14,182
Advances to Related Company (note 5) 123,295 -
Investment in Armistice Resources Ltd. (note 7) 804,328 812,509
Incorporation Cost 1,415 1,422
--------------------------
$ 954,878 $ 838,101
==========================
LIABILITIES
Current
Bank indebtedness $ - $ 273
Accounts payable and accrued charges 461,037 201,296
Loans payable (note 8) - 11,800
Advances from related company (note 9) 1,415 1,422
--------------------------
462,452 214,791
--------------------------
STOCKHOLDER'S EQUITY
Preferred Stock, $0.0001 par value, 20,000,000
shares authorized, no share issued and
outstanding.
Capital Stock, $0.00001 par value, 400,000,000
shares authorized, 57,498,000 shares issued
and outstanding (2004 - 57,498,000) 821 821
Additional Paid-In Capital 626,579 626,579
Accumulated Other Comprehensive Income 163,387 171,494
Deficit (298,361) (175,584)
--------------------------
492,426 623,310
--------------------------
$ 954,878 $ 838,101
==========================
APPROVED ON BEHALF OF THE BOARD
/s/ Kalson G.H. Jang
-------------------------------
Director
(The accompanying notes are an integral part of these
consolidated financial statements)
- F2 -
- added to I-BOX
B
The very fact that Pender has made an effort to correct its public image, I think we should give some credit to the 'Jangs'. With $3.25mill in the company's paper account, Vianet is the ideal vehicle to take the 'Jangs' to the next stage. Vianet has been 'FOR SALE' for some time already, this merger, will most likely take the shares to the $4.00 level. The private financing of $250million is based on the $4.00 per share price. SO WE SHALL SEE THE $4.00 sooooooooon.
Thanks,
really any information on the compnay I could add to the I-BOX woould be appreciated.
I just read some of the posts on the RB. Looks like you are right. Everyone is just sitting tight, waiting this one out.
There was a lone basher.
I would be happy to see that Vianet is a real company with a REAL product. Has anyone tried calling them ?
B
Everyone is in a waiting mode. 200 shares traded today lol - no buyers, no sellers I guess. We need some clarity and more info regarding the merger (SEC approval, management, short and long term plans). Not much info available on VTGL.
RB is pretty quiet. We are all waiting for any news.
I'm still holding and hoping for the best. Hopefully soon, we will know more about Vianet.
GLTA,
looks like everyone is just as confused as we are....
I have no reason to sell.... but no reason to hold on either. So I'm not sure what to do yet.
Interest in the board seems high. There are 10 boardmarks now.
Does anywone read the RB ? What's the buzz over there ?
B
Just return on a world cruise, I used to post in the Pender Board, found this to be more interesting. Vianet, great idea.
How come no trading???????
we'll see. I think people have not made up their mind whether to buy it or dump it. Yesterday there was more buying than dumping.
B
I'm afraid this is going to hurt very much in the morning if there isn't anymore positive word. Vic
trades today:
0.85 1077 15:47:42
0.83 2400 14:21:04
0.83 1200 14:21:01
0.77 968 13:58:31
0.77 650 13:27:27
0.85 500 10:52:50
0.85 1000 10:52:37
0.85 2500 10:50:39
0.85 150 10:46:42
0.95 1000 10:09:51
0.94 430 10:01:50
0.93 240 10:01:50
0.95 3500 10:01:50
0.95 1000 09:59:21
0.95 1000 09:55:28
0.95 100 09:30:03
1.01 100 09:30:02
downtiks today were 100, 240, 150 and 650 shares
uptiks were 430, 1000, and 1200 shares
B
My Ameritrade account reflects all changes just fine.
Volume doesn't seem weird either....
I think this is amazing, though. I think only a few month ago there were several hundred million shares in PNDR. Now there are only 5.7 M left !
B
anyone call the TA to confirm latest share structure?
New symbol/split still not showing in my acct.
Do you guys think that there was some naked shorting when it was still PNDR ?
If so, they should be covering now.... and this thing could fly !
any thoughts ?
B
Tanail,those are very valid questions and I hope we get some answers to them.The name change also I believe will distance them from the tarnished image they had with the name Pender and all the questionable practices of the past and hopefully not to be repeated in the future.
They were wanting to get to a bigger exchange and maybe they had this change planned out a long time ago on how they was gonna get there.Could this change been the driving force all along to get to bigger exchange? I don't think we will ever get a answer to that question.I believe all of us can make some money here and I will keep playing this stock until and or if they prove otherwise.Ya gotta love this low float,but also be careful it can drop fast to with the small float.GLTA Austin
PS:I am buying and flipping for now until we get more info,but also accumulating in small increments just in case this puppy sprouts wings and flys.It's a gamble well worth taking in my opinion.
Hmmm..... yea. It would be nice to make a few $$ here.
I like the fact that they turned their questionable assets into real cash. The new symbol should put some distance between them and the stock manipulation mess. But I'm very disturbed that there was no warning at all. Did they keep their line of credit ? Is that what they used to assimilate Vianet ?
questions, questions....
B
ps: i'm selling at 2.00
Now let's see what's up Jang's OTHER sleeve!
whew...
<<** Here's the real story on VIANET (VTGL)***>>
I'm still fuzzy Pasuquin. I remain confused. Yes, there is that but then there is also this indicating that the R/S was to kick in today.
http://www.knobias.com/individual/public/news.htm?eid=3.1.d03da1c17313a7844be8a266a541ab0b7b1948c090...
The "Pinks" indicate it as well....
http://www.pinksheets.com/quote/company_profile.jsp?symbol=VTGL
Looks like the prior close was .70 then hit a low of .40 with a final of $1.00....WOW!
Hey, I don't own...sorry if my questions come across as being difficult. I just find this fascinating. Respects and Best Wishes to All...Hope you all made a bundle!
My Edumication continues LOL!
You can bet your bippy this will gap up tuesday and go higher,unless they release news tuesday morning that the market dont like.It will be interesting to see what new revenues we have to work with.This low float at the present time will make this thing fly either way on nuttin.So tanail I dont think you have to worry bout getting your money back out of this stock,if anything you will make $$$$$ GLTA Austin
VTGL(PNDR) is worth at least triple, post R/S
Reason why PNDR is worth at least triple, post R/S:
The Jangs have just took $954,000 in crappy assets (Mar.31,2005 10Q - flooded goldmine and a real-estate development company with no assets),
and turned it into $3,250,000 in cash + reverse merger with a private company (of unknown value).
This is why were are up 40% on the post-R/S day.
The reality hasn't quite hit the investing world.
strange.... but i'm not disliking it ;)
B
-allthough i bought at .11 so I'm not making money yet ;)
5.7 mil float. cash 3.6 mil ..
after sale add 3.2 mil.
guess on close .. .70 cents.
this gets more weird by the minute !
Does Vianet have revenue ?
B
***** Here's the real story on VIANET (VTGL) *****
VIANET Technology Group, Ltd. Announces Agreement to Merge with VIANET Direct, Inc.
July 01, 2005 09:00:05 (ET)
NEW YORK, Jul 01, 2005 (BUSINESS WIRE) -- VIANET Technology Group, Ltd. (VTGL, Trade) announced today that it had reached a definitive agreement whereby its wholly-owned subsidiary, VIANET Acquisition Corp., will undertake a merger with VIANET Direct, Inc. The closing of the transaction will take place upon receipt of approval by the appropriate regulatory authorities.
VIANET Direct, Inc. (www.vianetdirect.com) is a real-time, virtual, interactive and anonymous trading system for all equities. VIANET provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity: the "point of sale" on the New York Stock Exchange (NYSE). A block trading system, VIANET provides for unique direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity.
VIANET Technology Group, Ltd., formerly Pender International, Inc., previously announced its sale of its wholly-owned subsidiaries Montebello Developments Corp. and IMM Investments, Inc.
Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company. Forward-looking statements involve risks and uncertainties; there can be no assurance that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
SOURCE: VIANET Technology Group, Ltd.
VIANET Direct, Inc.
James Wilent, 212-232-0224, Ext. 2
www.vianetdirect.com
Copyright Business Wire 2005
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