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Not about 'being right' or beating a dead horse - it is about making certain that we do not loose perspective and ignore the history of VCTY as we look forward. It is downright foolish (imo) to ignore the past because it tells us as shareholders of VCTY what to expect in the future.
Those who want to push aside the past (and by past that includes up until last week when the OS was increased without explanation by 600 million+ shares) do everyone a disservice.
It would be excellent to see the hydro merger (assuming that it is really for a 200 million in assets + revenue company) completed - how VCTY would come up with that much capital for an all-cash offer for a 200 million company would be a great topic for conversation.
Care to make a reasoned theory/hypothesis on that subject?
* right with you - positive conspiracies are a go - fire away *
Q4 Financials End of March - per IR:
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
Thu, Feb 17 2011 2:26pm - Michael S
No! end of the year financials are not due until the end of March.
Thu, Feb 17 2011 2:31pm
Thank you for the update on the financials.
Alan
Because forgetting that VCTY promised us a hydro merger (worth 200 million), a AMETA merger (worth a million or so in profit), a ASCC merger far larger than the one that we ended up finalizing, a video closed caption company ll of those which were promised to us within the last 9 months is what everyone should do?
Let us all pretend that VCTY keeps it's word and that now they are going to somehow 'uplift' the share price because they say so...
VCTY also said that they would return 1.8 billion shares to the treasury if the Hydro & video closed caption company mergers did not occur (did you miss that full PR from VCTY? - where the hydro company does not want shares anymore - the want ALL CASH?)
Wanting the pps of a stock to go up is well and fine - however proper evaluation of VCTY and it's merits means looking at the WHOLE picture - not just the latest potentially positive actions of a company...
READ what VCTY PR'd 1.3.2011 - Why would you say that someone is speculating? VCTY laid out the terms of the sale in full - do not take my word for it - read what VCTY said - word for word:
Go to Pinksheets/OTCmarkets - VCTY - click on the NEWS tab - look at their official PR - page 3 FILED on January 3rd, 2011:
HENDERSON, NEVADA, Jan 03, 2011 (MARKETWIRE via COMTEX) -- Videolocity International, Inc. (PINK SHEETS: VCTY) names the purchaser of its subsidiary Avtar Singh Construction (ASCC). The buyer Evader, Inc. (EVDR) will pledge about 800 million shares as security in escrow in a complex transaction that will allow EVDR to securitize certain financing and debt to secure control of VCTY's subsidiary ASCC. Avtar Singh Construction http://www.videointernationalcorp.com/ascc.php is one of the major developers in Chandigarh, India, with strong ties to the local community and municipal governments. ASCC owns a total of three different companies which run into various fields, namely roads and highways, real estate and leasing/financing, and offers revenues in the range of $5 million USD. ASCC has executed various projects of national importance in India, including construction of national highways.
"VCTY management acquired ASCC in October 2010 for a fraction of the sale price. ASCC was always a short hold for VCTY as it never fit the VCTY's vision or profile. Now that we finally earned the current rank status with OTC Markets we are looking to focus on the core operations of our business and grow our business more organically or at least with a merger of other China based companies in our industry space. The ASCC purchase was a one off and it proved to be a great boom for VCTY," said Mr Zhou Aixian Chairman of VCTY.
Right now VCTY is working out the logistics of the transfer of ASCC to its new owners and all the escrow accounts are being set up including coordination with both companies transfer agents.
Final definitive announcement will be made shortly by VCTY."
VCTY - the company that cried WOLF three too many times? VCTY has built up a history of failing to fulfill it's promises - it is called a pattern of behavior. VCTY is not a scam - it is simply a study of a company promising grand mergers and repeatedly not coming through on them. Read on...
A brief recap: For 9 months they have promised grand things and the pps reacted at first (PR of the 200 million dollar hydro merger) and then the close on the merger with Tactician University showed that VCTY could and did keep it's word.
And then after that first announcement - VCTY turned to weekly updates from VCTY on the hydro merger closing which was in turn imminent, about to close - one reactor away - a signature away - held up by a person having a stomach flu (seriously - that was PR'd as the reason for a month-long delay in hydro merger updates)...
Then the hydro merger disappeared from any and all PR's for a while ... and then VCTY stated that investors had made it clear that they did not want VCTY to merge with the 200 million hydro company.... Only to resurrect the hydro company yet again at the end of 2010 by naming the hydro merger candidate and revealing that the hydro company wants an all-cash offer... (showing it's cards that it was not 'because shareholders did not want the hydro merger' as the reason why they could not close the merger previously, but rather because VCTY could not offer the money that the hydro merger required to complete the merger).
In between, we had the merger with ASCC - which was billed to us as being comparable to the 200 million hydro company (come to find out we ended up merging with a 3.5 million a year 1/3rd of ASCC (does that sound comparable to 200 million?)
ASCC did not have a positive impact on the pps and after the close of that sale - VCTY went from .007 down....
Then VCTY has an idea - to sell off Tactician University (the only company that is reporting a profit with them) to COUV... this sale of Tactician dragged on for a few months - which was pr'd a few times and then changed to COUV falling through on the deal and that they were seeking other offers for Tactician University...
Then the story changed again and they are keeping Tactician University and selling off ASCC. The sale of ASCC dragged on for three months... and then it 'closed the sale' on 1.31.2011 and on 2.18.2011 the sale was pr'd as no longer closed and pending... Then on 2.22.2011 the sale of ASCC was Pr'd for the third time as being a closed deal... the terms of that sale are yet unknown - it was previously stated that the deal was for 800 million in EVD.R shares.
With all of that being said - conspiracy theories or no - careful review and consideration of the latest news is crucial when coming up with ideas and theories as to how VCTY will proceed in the future - take a long look at the past actions of the company... and using the past actions of VCTY as a barometer when formulating ideas of the future...
VCTY is the story of the boy who cried Wolf once (hydro)
Cried wolf a second time (hydro was about to close imminently, one reactor away - in the hands of the china lawyers) *never closed - false reasons supplied originally and changed later...
Cried wolf a third time (ASCC the same size as a 200 million hydro company) *incorrect and VCTY only merged with 1/3 of ASCC.
Cried wolf a fourth time (Going to sell off Tactician University). *did not occur - decided to keep it as their company after all)
Cried wolf a fifth time (ASCC completed and share buyback program would be implemented) * no further details as of now....
So when they keep crying wolf... and folks no longer believe them - color them as wise based on VCTY's actions in the past.
Could go on to note that they increased the OS/AS and did not keep their promise to return billions of shares to the treasury.. but that is yet another important case of VCTY not keeping it's word...
Hopefully VCTY can fulfill it's promises now - that would be absolutely excellent for everyone involved.
Asking folks to become informed about ASCC as a company is a bad thing?
Providing links to the full detailed information filed concerning ASCC on pinksheets is bad?
If a company pays another company 800 million shares... then that would be 800 million more shares in the OS yes? What is factually incorrect about that? When a OS is increased - does that not dilute the stock? That is not something negative for VCTY - VCTY is RECEIVING 800 million shares of EVD.R ... which we surmise they will be selling to earn cash - that they will then use for the betterment of VCTY...
If someone was looking to purchase a stock - would they not appreciate it if someone provided them with factual information about ASCC so that they can make an informed decision? Or does a person only choose to share some details and not all? Is that ethical?
Why would someone be against informing others about ASCC?
That post has nothing to with VCTY and everything to do with the stock message board and company that it was posted under... conversations about said stock should occur on it's own message board.
Fail to see how that post has any impact on VCTY or would cause anyone to be displeased other than an individual seeking to hide information about ASCC as a company and the transaction that occurred.
Links for information about ASCC as filed by VCTY on Pinksheets are below - they can be reviewed in full also by going to the pinksheets website and reviewing the past news and financial filings - this is factual, filed information that everyone should be aware of as it details the nature of ASCC as a company - Transparency is key for any stock to succeed and flourish.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37529
Large 60 page file on ASCC:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37262
VCTY ASCC Sale Completed - 800 million shares of EVDR.
Here is the link to the terms of the sale of ASCC to EVDR as best as we know currently:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58368002
Additionally - VCTY cannot distribute any proceeds to shareholders from this sale of ASCC - no dividends are planned or allowed - VCTY said this in their past PR's - on 1.31.2011 and 2.2.2011 in official PRs - confirming no dividend: "VCTY is unable to issue a dividend to its shareholders since they are a non-reporting issuer, so the company is exploring other alternatives, such as direct distribution through the transfer agent and or other options available to the company."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60164903
There are no details as far as to what payment VCTY received for the sale of a 3.5 million revenue company. We have only the above mention of 800 million shares of EVDR - and that information is several months old.
Below is the offical PR from VCTY announcing the complete sale of ASCC - (note that VCTY also stated that the sale of ASCC was completed twice before 1.31.2011 and 2.2.2011) The third time may be the charm.
Videolocity International, Inc. (PINK SHEETS: VCTY) (www.videointernationalcorp.com) has announced that the sale of its Avtar Singh Construction (ASCC) subsidiary to Evader Inc. has been finalized.
VCTY now continues with a single main subsidiary: Tactician University. This progressive management education, leadership training and think tank venture tackles prevalent issues in the Chinese economy and society. It continues to grow, offer insights and positively influences China's decision makers.
In other news, VCTY management has been made aware of certain rumours which are currently circulating about a possible reverse stock split of its common shares. VCTY management is using this opportunity to dismiss these rumours as completely untrue. No such split is being considered for the foreseeable future. Management is also aware that its shareholders are seeking an uplift on the share valuations. The company has made this its top priority. Management has several options at its disposal and offers which it's currently entertaining.
Details of this forthcoming uplift and the use of ASCC proceeds from the sale, including financial details, will be released shortly via OTC Markets filing service, updated Adequate Disclosure and a separate news release.
VCTY has not provided any details - there is no reason why this has to be a step in the right direction - if VCTY sold a 3.5 million revenue company for 800 million shares of a stock that is hardly traded (i.e. VCTY cannot sell the shares to make money) - that is a loss for VCTY.
Additionally - the statements made in your post that I responded to contained comments about how VTY was about to share cash with shareholders - which is entirely baseless and VCTY has already clearly stated that they cannot and will not provide dividends to shareholders... See here for VCTY's statements on the topic of dividends from the result of the ASCC sale:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60190713
If "killing the momentum" is refuting false information & by pointing out that VCTY has not provided any facts about how this sale of a supposedly profitable company in ASCC positively impacts VCTY - so be it.
VCTY needs to provide detailed facts and information as to what they are planning on in the future - to explain the 650 million OS increase last week - to immediately update the float ( nearing 5 months without an update despite repeated requests by shareholders to share that information ).
Objective review of VCTY based upon it's past and current PR's is necessary - blind belief is ill-advised.
Current SS - OS increased by 695 million
The OS was previously 4.1 billion as of Feb 15th and the 16th during the trading day - increased yesterday after the close to 4,795,797,814 a/o Feb 17, 2011
As per pinksheets 2.22.2011:
Market Value $4,795,798 a/o Feb 18, 2011
Shares Outstanding 4,795,797,814 a/o Feb 18, 2011
Float 146,262,970 a/o Sep 30, 2010
Authorized Shares 4,888,000,000 a/o Sep 30, 2010
Par Value 0.001
The Float has not been updated in four and a half months - nor has the Authorized shares.
I have asked the investor relations of VCTY repeatedly over the past three months to update us on the float and AS - they refuse to tell us what those numbers are. The TA is gagged and refers you to contact Michael at VCTY's IR company - who responds to any requests concerning the share structure by stating that they will be addressed in company PR's and filings... It's a never ending circle.
There is NO cash - NO Dividend - the deal as stated by VCTY was for 800 million shares of EVDR... and even if it were EVDR has zero cash as far as we know...
Here is the link to the terms of the sale of ASCC to EVDR as best as we know currently:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58368002
Additionally - VCTY cannot distribute anything - no dividends nothing - they said as much in their past PR's - here they are confirming no dividend:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60164903
There are no details in this PR - no explanation as to what VCTY received for selling a 3.5 million revenue company... what good was that PR?
Videolocity International, Inc. (PINK SHEETS: VCTY) (www.videointernationalcorp.com) has announced that the sale of its Avtar Singh Construction (ASCC) subsidiary to Evader Inc. has been finalized.
VCTY now continues with a single main subsidiary: Tactician University. This progressive management education, leadership training and think tank venture tackles prevalent issues in the Chinese economy and society. It continues to grow, offer insights and positively influences China's decision makers.
In other news, VCTY management has been made aware of certain rumours which are currently circulating about a possible reverse stock split of its common shares. VCTY management is using this opportunity to dismiss these rumours as completely untrue. No such split is being considered for the foreseeable future. Management is also aware that its shareholders are seeking an uplift on the share valuations. The company has made this its top priority. Management has several options at its disposal and offers which it's currently entertaining.
Details of this forthcoming uplift and the use of ASCC proceeds from the sale, including financial details, will be released shortly via OTC Markets filing service, updated Adequate Disclosure and a separate news release.
VCTY has a tradition of not PRing good news until a few days after it occurs... serves to make certain that VCTY does not benefit too much.... and then when they do PR it - they hide it at the very bottom of one of those informative conference PR's about Tactician University.
Plus... this is not good news until they detail what VCTY received in return for the sale of a supposed 3.5 million revenue company... and they have much to explain with regard to the 600 million OS increase, and the status of any other mergers and if/when they will be reducing the OS/AS by several billion like they promised last Summer...
No details - no mention of how much they paid for it (800 million shares is what is was the last time that VCTY detailed it)
You all need to READ UP ON ASCC You are getting 1/3rd of the ASCC company from VCTY - which VCTY bought with 8 million shares... Read up on ASCC folks:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37529
Large 60 page file on ASCC:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37262
This did nothing for the previous company that owned it... hopefully you all can benefit from it....
Notice that they did not say what EVDR PAID for it... last I heard it was 800 million shares... that is a whole lot of dilution?
02/22/11 (EVDR) acquired Avtar Singh Construction (ASCC).
The Avtar Singh Construction Co. (P) Ltd. is one of the major developers in the City of Chandigarh, India , with strong ties to the local community and municipal governments. The company has achieved solid growth since its incorporation in 1987, and shows annual turnover of about $3.5 million U.S. ASCC is professionally managed and involved in executing large civil engineering projects, with an emphasis on roads, bridges, earthwork and highways, and promoter-colonizer of housing complexes, all demanding a high degree of skill and expertise.
Following this announcement, Avtar Singh Valia has become the CEO of EVDR. Mr. Valia has extensive experience in the construction industry in India and his experience will greatly benefit Evader Inc.'s development in the Indian construction market.
EVDR looks forward to updating its followers as the company begins to shape its new future and will provide business updates on this new exciting venture.
They cannot even read their own PR's and whatever form of media they call Friday tips... where it plainly says exactly what IR says it does not say... there is one huge disconnect there - does VCTY even talk to their marketing company? Or does the marketing company just make it up as it goes along?
Pretty sure that is when the rocket is on the launch pad and some rocket scientist messes up and as they countdown... the rocket goes straight into the ground instead of earth - Reverse BOOST....
Brilliant - thank you for taking the time to compile that information.
"VCTY will have a single main subsidiary: Tactician University".
Straight out of 2.18.2011's Friday tips - micro tips:
"The 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.
Tactician University continues to reap the fruits of its well-positioned line of business. Tactician's president has been appointed a part-time supervisor of the International Business School at Sun Yat-sen University's Zhuhai campus. TCU has been honoured for its contributions in the training and certifying of SMEs' management in Shenzhen, positioning the company for further growth in the Chinese city. The company's Reverse Boost is being worked on."
..............
Jenness - you see that in the December filing that the shares that they promised would be returned to the treasury were not and instead exist within another branch of the marketing company correct? They appear to have no intention of keeping their stated actions in the 7.19.2010 filing.
Respectable start for the week so far - this being the loading up stage for folks anticipating the near future...
Thank you for all of the time that you spent on this board Kinzhok43 - best of success in your other trades.
TWO Official PRs Stated ASCC Sale CLOSED 1.31.2011 and again on 2.2.2011
Go look for yourselves - Pinksheets - VCTY - NEWS - 1.31.2011 and 2.2.2011
1.31.2011: "In other company news, VCTY having closed its sale of Avatar Singh will update its Adequate Disclosure as soon as Q1 is complete. The proceeds of the sale will be reflected in the VCTY financials as well. VCTY management explored the idea of a stock distribution to its shareholder base; however the VCTY management is advised that past distributions of non-related transactions (non-reporting to non-reporting issuer) were unsuccessful to enter the retail beneficiaries in streets name. The company is exploring other alternatives, such as direct distribution through the transfer agent and or other options available to the company."
2.2.2011: "VCTY has just closed the sale of its subsidiary Avatar Singh Construction Company (ASCC), which will allow it to focus more of its attention and resources on Tactician University. Tactician is a progressive management education and leadership training center and think tank that tackles prevalent issues in the Chinese economy and its society, and trains 21st century Chinese leaders. It has a proven business model and VCTY is considering complementing it with additional viable ventures.
The sale of ASCC should enhance the value of VCTY and improve its shareholders' positions in the company as it grows more organically within its industry niche."
......................
As per the 2.18.2011 Friday Tips - the sale is no longer closed and may close soon... How does VCTY go from a closed sale/completed sale to a sale that may close soon....
See Friday Tips and early news Alert 2.18.2011 for the latest:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60094561
and NO dividend: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60164903
Clarification no dividend - VCTY Stated ASCC Deal Closed 1.31.2011
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60164903
Changed it's mind on the 18th of February entirely... and there is no dividend planned as per the latest info that we have from VCTY
Absolutely - why would VCTY go from (January 31st) stating that the ASCC had closed and they were considering how to best disperse the profits... Here is what they said -Word for word:
January 31st Early Alert & Friday Tips Videolocity International, Inc. (VCTY; has closed the sale of its Indian subsidiary, Avtar Singh Construction Company (ASCC) to Evader Inc.
Now that VCTY has completed its sale of ASCC, it will update its Adequate Disclosure as soon as the first quarter 2011 is complete. The proceeds of the sale will be reflected in VCTY's financials.
VCTY is unable to issue a dividend to its shareholders since they are a non-reporting issuer, so the company is exploring other alternatives, such as direct distribution through the transfer agent and or other options available to the company.
On this Friday - 2.18.2011 - it changed to:
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. ...
Which is even funnier because no more than two months ago - VCTY was trying it's darnedest to SELL Tactician University... No dividend is possible - so that is out the window...
Possible - to what end? Is VCTY going to then take that cash and buyback the OS? which it just increased by 600 million? Seems like that makes little sense. And if that cash is not used to reduce the OS/AS then this stock goes nowhere. It is too large of a weight on Tactician University to overcome pps-wise...
Curious as to in that scenario, how that comes out helping VCTY's pps? Fill me in - not saying it did not/could not happen - just not seeing how that would work out?
Agreed on the first part of the post - Tactician cannot revive VCTY right now because VCTY has proven to be unreliable at best. It would take time and positive verifiable actions by VCTY to perhaps regain some confidence.
Good explanation - disagree on a few points:
The pps is not hurt just because of dilution and pumping - the pps is hurt because VCTY cannot keep it's word and it's major mergers that it has claimed to be a "signature away" from closing have disappeared without a word from VCTY (Hydro, ASCC and AMETA would be the three mergers that did not occur as stated). There is a total lack of trust that has permeated through i.hub - and other message boards - only a trader who is ignorant or who thinks that they can play this stock for a flip would invest right now. The stock has no merit on it's own other than Tactician University (which does not seem to be in any position to increase the pps in investor's eyes?)
*food for thought - did the 'base' just get weaker when the OS went up by 600 million? And with an unknown float - does that rock the stability of the boat? Clearly VCTY has no hesitation as to increasing the OS without any PR or further notice to shareholders - why would we not expect that the float has increased as well?
? One individual or two talking about China on a message board and such does not make VCTY a good buy - there is more than one company in China?
I am not certain what this comment means - can you elaborate?
You may want to watch a stock trade for a little while (as in days, weeks etc...) before you invest. To each their own however - read up on the stickied posts here and HDOGTX's posts to become informed and proceed from there.
QSGIQ has proven itself to be a low float, high percentage change stock - I think that perhaps the shorting recently has reduced a little of that. Certainly as we come into March - the results of the company proceedings will finalize things one way or the other.
But that is not always true - stocks have to have a reason to go back up... stocks do not always go down and then return back to the same place that you bought in at... it is a short-sighted stock trading philosophy to think that buying a stock on it's way down is a good idea because it may come back up...
What happens if the float was increased and they are not telling us? When that information comes to light (when/if they ever update the float for public review) this stock will tank further... what if they do really keep only Tactician University and do not merge with any other company? Will the stock still be worth .001 with a AS/OS of 4.7 Billion when it is earning a profit of 5 million a year (estimated)?
Not arguing that this may be a good buy in point or that buying on the way down is a bad idea, but it should be with the facts that something good will happen in the future based upon past company actions etc... what about VCTY's past actions makes one confident that they will take steps in increase the pps?
Which human emotion(s)?
Does promotion on these websites = pps increases? Or just volume increases?
Why are they going to jump in? The low buy in point is nice but why would they buy this stock right now? The OS just went up - they just changed their story (at best) about the sale of ASCC and the Q4 financials are not due until March 2011... would they not wait it out to see where the bottom is and then buy in if something good is announced news-wise? Seems like to buy in now is asking for a loss?
In addition - in the last pr (friday tips) - they indirectly confirmed that they have no intentions of merging with AMETA as was previously stated, Hydro (as was stated for months on end) and instead plan to just hang onto Tactician University until further notice (remember that just over a month ago - they wanted to sell Tactician University - they dangled it out to multiple buyers - which fell through at least once).
Thanks - I mean - it's more Tactician University information - they appear to do well for themselves financially and if they are respected - that is a great thing for them. The question for shareholders/potential shareholders is what that means for VCTY pps right?
I have not seen too many folks flock to VCTY based on news about their Tactician University's reputation in China. There are no dollar signs attached to this news and dollar signs are normally what sparks investor interest.
Glad that they think it will turn around - hopefully that is the case. I wonder how the pps will turn around though - looking for some reasons why that would be the case rather than positive statements without any explanation on their part...
Was - a swing trading stock... the only reason why a stock is stable enough to swing trade is because there are buyers and sellers willing to pay a little more than others... why would anyone buy the stock at a higher price now? I can see folks wanting to buy in at .001 wanting to flip it - but who is going to pay .0014/.0015 for a company that has shown no regard for shareholders and has a huge OS/AS to overcome? Q4 Financials do not come out until March... (as per IR) what is going to keep the PPS steady until then?
Flipping in and of itself is not an investment strategy - there have to be folks willing to buy at the higher prices and the only way that you get that is if they see potential etc... unless the buyers are ignorant of the company - it may be hard to see where those buyers would come from?
Just saying that there has to be something solid in amongst the flipping - the rock/stability that is composed of longs and folks willing to hold onto shares and to sometimes purchase at the ask.
Great recap and info - thank you.
QSGIQ
Big news? There is no 'Big News' that the company PR'd last week. Here is what VCTY said last week:
News 2.18.2011
February 16: Videolocity International, Inc. (VCTY; www.videointernationalcorp.com) subsidiary Tactician University has had its management training and consulting business for small and medium enterprises (SMEs) officially recognized for its outstanding achievement by the city of Shenzhen.
VCTY
The 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.
Tactician University continues to reap the fruits of its well-positioned line of business. Tactician's president has been appointed a part-time supervisor of the International Business School at Sun Yat-sen University's Zhuhai campus. TCU has been honoured for its contributions in the training and certifying of SMEs' management in Shenzhen, positioning the company for further growth in the Chinese city. The company's Reverse Boost is being worked on.
--------------------
The only NEWS here is that they lied to us before when they said that the ASCC sale was closed - now we find out that it might close soon - but they are not sure because they cannot seem to get everyone's schedules together...
That reverse boost must include adding 600 million to the OS last week - that's a nice boost! Right down the tubes?
These promoters did not state anything and there was no 'big news last week' the big news was that they messed up the OS for a day then increased it by a few hundred million without explanation for either... What a joke.
I agree with that - well said.
I have seen many a stock played on momentum/pump etc... and if one can buy in lower and sell while it stays higher - it works well.
My point was that VCTY has a history in the past year of saying things that turn out not to be correct - and therefore it may well be more suspect than some other penny stocks that have kept their word this year.
That is not to say that penny stocks or sub penny stocks in this case are valid, verified companies etc...
Best of profits to VCTY stock holders.
Why would we assume that the unaudited financials are real? For Tactician University that is. The company has lied to us about two mergers being about to close (Hydro & AMETA), a sale of ASCC being closed(which it is not as per the latest PR yesterday) They will not update the float or the AS and they just changed the OS to 3.5 billion less than it's actual value for an entire trading day... Without formal explanation. Followed by increasing the float by over 600 million shares without an explanation.
Not saying that Tactician's profits and financials could not be real - just saying that the entire company needs to be viewed in light of it's history - and it's history says that they are not trustworthy IMO.
Thank you for the information - jumped aboard today... was aboard before for a while... closer to the end now...
Sure was - I remember the nice graphic and everything... and AMETA looked legitimate... Perhaps why we were unable to merger with them?
Why? Why would anyone want to buy this stock right now?
You have a company that has failed to complete the major mergers that they have repeatedly PR'd and hyped for months on end (hydro, Ameta) they just increased the OS by 600+ million and will still not provide current numbers on the float... does that sound like a company that new folks would invest in?
That makes sense - thinking that 492 million is the new float (up from 164 million as stated 9/30/2010). That sounds somewhat reasonable as a situation that could have occurred between VCTY and pinksheets... If that is true then we are looking at 3x increase in the float... delightful.