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This is from DnB. Pretty much confirmed my suspicions.
The following information was reported: 02/09/2018
Officer(s): JOHN GRUBBS, PARTNER
Business started 2010.
RECENT EVENTS :
On February 9, 2018, sources stated that Victura Construction Group, Inc., Hurst, TX, has acquired North Texas Builders and Remodelers, on January 24, 2018. Repeated attempts to contact the management to confirm the recent transaction were unsuccessful. Current whereabouts of North Texas Builders and Remodelers is undetermined. Further details are unavailable at this time.
VICT announced they purchased North Texas Builders & Remodelers on Jan 24. I called the companies number and asked if they had been acquired by Victura, click, hangup. At htis point, I don't see anything that is verifiable so I question if they have any revenues. Curious as to how you value it at .04 when they have significant losses that they reported?
Who did you talk to?
It's not. This is a write off! Did anyone listen to Johnson's "interview" from a couple days ago (20th) for $PDXP. If that isn't an indictment against Johnson, I don't know what is. Opportunity to buy into NVC was "an act of god". One of the most stumbling, bumbling interviews I have ever heard. Wish I heard him talk before I lost on this one.
Harry
At this point I have to question the legitimacy of all the information VICT has released in their disclosures.
They are a ways off from making profits.
Probably
If they were to make big profits, they probably would be able to get a broker dealer to file the necessary paperwork to relist.
Doesn't affect the operations, just no trading.
I personally don't believe there are any audited financials. Based on the statement that there are two firms that signed off on it validates the reality (or lack thereof). BITCF is an extremely rare case of trading on the grays. I wouldn't put VICT is that catagory. I'll continue to consider this a total loss.
After being suspended by the SEC, this will be a write for 2018. Unfortunately, I took a little starter position in this based on the construction company and the rev's. This is relegated to a write off at tax time. This will not be trading again. No broker dealer is going to touch this and file all the necessary paperwork to get this to resume trading. FYI, this does not resume trading after the 10 days. It goes to the gray market and will never resume after that.
This will trade on the greys next week for .0001. Once it gets suspended it is nit coming back. I don’t think any broker dealer is going to put themselves on the line to file for vict. The nvc was a scam pr. Nothings going to change that. I think it would take a full audit of the prior two years before a broker is going to stick there neck out there for this company.
Unfortunately, that is a standard response. VERY unlikely this ever trades again.
Curious why you believe this. All 3 made the same deal with NVT. $VICT is the only one with significant revenues and operations. That being said, I don't see any recovery from this for any of the 3.
I believe those stocks options for employees you mention that were stickied were not for this company. Very similar name, but not his company.
All you want to know.
https://www.sec.gov/investor/alerts/tradingsuspensions.pdf
Yes, this one is done. I should have seen this coming when reading throught the press releases and the NVT PR. Appraised value doesn't mean squat. Chalk it up to learning experience. Don't imagine they will go through the process of getting reinstated. Tough and expensive process.
So the 846,941,800 shares listed on OTC will become 8,469,418 shares. After the RS, Wang can convert his 500,000 preferred shares into 1,250,000,000 shares, now owning 99.33% of the shares. Not a bad days work for Wang.
Yes, not sure what point you are trying to make.
Yes, people should read the filing. Nothing to suggest anything will be transferred to this company.
Not about this company! Look close.
I am amazed at the visions of winning the lottery that still persist after all of this time. This is just a shell company with a few patents, that's it, nothing less, nothing more. Now, there may be plans at some point in the future, but its still just a shell at this point. Everyone's waiting for news and updates. There simply are none.
Yup, that's where I have my orders placed.
Thanks, didn't see that.
What connection do you see to Reed's? I don't see anything on their website that would suggest this. What am I missing.
I am not sure why you are not selling if you scared of losing your investment. You are making arguments that the stock will continue to fall and be worthless. If that is the case, take the highest value you can get in your opinion.
Looks like a little shake out.
Anybody done any comparison to PUR&?
The big question will be is there any gross profit from the sales.
What are you expecting from fins? Based on the PR, Sales should be around $400k for the qtr.
Purely your opinion, of course.
Yes, the 10Q states as of 9/30/17 there are 100MM AS. I would suggest that this implies at this point there is no intention to convert the 77MM. Additional authorized shares would be required for this, requiring a change to the Articles of Incorporation.
He gave himself 300MM shares of that one too! Now that's how you become wealthy. Give yourself hundreds of millions of shares. And nobody thinks thats a problem here?
They don't use abbreviations in articles of incorporation, ie., ZJMY.
The Comedy Show!
First off, $20MM PIC was from DOLV not, anything to do with the current situation. Secondly, the $3MM in PIC that was added was NOT cash.
The qtrly reports show he didn't put any money into it.
I believe that assets transferred have been reported. This would explain the other assets.
I would like to know what the mysterious "other Assets" are since this is the only thing contributed during the year.
You mean the patents. According to the qtrly, that seems to be the only assets. Or did they forget to mention that in the qtrly. You think he would leave out all these assets in his bio on a report that he signed off on. Thinking of things they forgot to mention, no mention of the 43MM shares added in the quarter. No cash, no services for those shares. Where did they go?