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Would love to see tach financials tomorrow, Indian merger news PR'e Monday, Name change PR Tuesday, Chine Merger PR'ed Wednesday, and so on, and so on, LOL
I saw it on pinksheets
Didn't you say earlier low today would be about .0026 and to flip that today at around .003 for profit? If I'd followed your guesses I'd have lost more.
1M Profit, not revenue and that was for 6 months not annual
1 million for university - FOR 6 MONTHS
I've seen the 1 MIL mentioned numerous times without stating the 6 months. Anyone else seeing that would assume annual, so please specify it when stating the 1 Mil profit
where did you get that 5 mil in revenue?
By the way, the university we already own has 6 month revenue of 3 MIL.
Wasn't that 1 mil in profit not revenue and that was for 6 months not annual?
I think you misread "court" in that previous PR. The PR stated "the ball is in Hydro China legal department court", which to me indicates that the paperwork is with Hydro's legal dept not any official court system. Officially nothing has changed and we wait for them to finish and hope no changes are required, 1-45 days from that PR. In the meantime, unofficially, MMMG has received some interest for VCTY from other interested parties and they have presented this to vcty and have advised vcty on what they (MMG) would like to see (dutch auction) but nothing has changed as of yet.
Finalization actually will occur when both parties sign on the dotted line. Finalization of paperwork is in Hydro's hands. Until they both sign those finalized papers, either side may require changes or walk away to find a new deal.
From Friday tips commentary:
However, the Chinese Hydro delay in executing the documents on a timely basis has created an opportunity for VCTY to reap the benefits of this opportunity.
It appears that even VCTY thinks that this is taking too long, hence the other possible bidder being mentioned to kick the hydro folks into gear.
Another look at a dutch auction when there are not "shares" but is one object up for bid is as follows:
Price is set high, usually higher then the object up for auction is worth and in this case is VCTY.
Price is lowered incrementally until one bidder goes for it and becomes the winner.
This type of auction only requires one bid to finish and if you fail at determining what the value is to the other bidders you instantly lose.
I agree that it would be unwise to release names until it's finalized for that exact reason. Would hate to see an 11 1/2th hour higher bid beat us out.
July 14 received by pinksheets.com
If your talking 3rd Q results coming out next week, how do you figure that they could be out with the quarter only being completed on Thursday of next week? I'm sure it would take more than a day to compile and report.
Maybe the PPS is where it's at because of flippers and not because investors that have been holding have been questioning the delay in PRs
Post 32631 GoGo-KittyGrrl
I've been in this since 0.0015 and have been flipping it ever since.
That's what I was trying to get across, you did it better. It's going to be all for themselves if this starts moving fast. We are all flippers at some price.
Why would someone who has a strategy of dumping all their shares at some predetermined PPS care about the market for the rest of us?
Are officers/representatives for vcty aware of the dramatically daily downward changing sentiment surrounding the stock because of delays associated with the merger and no real news, updates with any meat to them, or forward timeframes given (besides "soon" which has been stated for months)? Investors are going to start bailing "soon".
Yes i know and agree with what you are saying. All we have been told at this point is that the documents are being reviewed and news will be out shortly.
JA
If it is just a figure of speech, is there going to be financials or not? "Sure, I would imagine so" did not give me any kind of definitive answer maybe it did you.
Having the IR for the compnay "imagine" things seems to be a bad choice of words to sound professional.
company could always provide a dividend from the sale of the university, that would force them to cover and the MM's would be the ones chasing it assuming that they are in fact heavily shorted
Not illegal unless you got the info from an inside source. You can post all the DD you found from your own research anytime.
He said news next week, didn't say about what, we need to be careful to read things literally or we end up with misunderstandings like todays WSJ "featured" ad
Actually I was trying to say that the company itself does not have the power to halt trading only the SEC and FINRA does. And neither of these like to halt. That is why I do not believe it will halt.
I do not believe that trading will be halted nor do I believe that they even have the power to halt it. I believe that the market will determine the price and that possibly MMs may momentarily hesitate placing trades as they get their ducks in a row, but not halt anything.
From pinksheets.com:
Trade Halts
Pink OTC Markets does not halt quotation or trading in OTC Equity securities. The authority to halt trading in the OTC marketplace is limited exclusively to FINRA and the U.S. Securities and Exchange Commission. Pursuant to FINRA Rule 6660, in circumstances in which it is necessary to protect investors and the public interest, FINRA has been granted authority to halt trading and quotations in OTC securities in the following circumstances:
Foreign Market/Regulatory Halt (Note that foreign regulators are under no obligation to notify FINRA of halts in their markets and that FINRA will not halt trading in conjunction with foreign halts that are imposed solely for material news, a regulatory filing deficiency, or operational reasons);
Component/Derivative of Exchange-Listed Security;
Extraordinary Events (FINRA determines that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or has caused or has the potential to cause major disruption to the marketplace and/or significant uncertainty in the settlement and clearance process); or
SEC Trading Suspension
FINRA will not halt trading for the dissemination of OTC issuer news. For any questions or issues related to the halts, please contact FINRA Operations Department at (866) 776-0800
More info from the FINRA Rule 6660 regulation itself about what is deemed extraordinary event ot not:
Nor will the authority be used to correct informational imbalances
resulting from corporate news about the issuer—e.g., financial results, release of new
product, or pending regulatory investigation....
That's the way I read it
I was just saying that they could reverse split just to get per share prices up to the level required for any exchange uplisting and that we shouldn't assume that because they said they were hoping to uplist in the future that they were saying the pps would be to those required levels under the current structure. I wasn't saying they needed cash.
restricted shares can be reversed split as easily as unrestricted shares
Many stocks will do a reverse split to get to the required listing price so any listing price requirement doesn't mean they are expecting with the current stock structure to get to that.
Distinction between mergers and acquisitions
Although often used synonymously, the terms merger and acquisition mean slightly different things. [2]
[This paragraph does not make a clear distinction between the legal Concept of a merger (with the resulting corporate mechanics - statutory merger or statutory consolidation, which have nothing to do with the resulting power grab as between the management of the target and the acquirer) and the business point of view of a "merger", which can be achieved independently of the corporate mechanics through various means such as "triangular merger", statutory merger, acquisition, etc.]
When one company takes over another and clearly establishes itself as the new owner, the purchase is called an acquisition. From a legal point of view, the target company ceases to exist, the buyer "swallows" the business and the buyer's stock continues to be traded.
In the pure sense of the term, a merger happens when two firms agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a "merger of equals". The firms are often of about the same size. Both companies' stocks are surrendered and new company stock is issued in its place. For example, in the 1999 merger of Glaxo Wellcome and SmithKline Beecham, both firms ceased to exist when they merged, and a new company, GlaxoSmithKline, was created.
In practice, however, actual mergers of equals don't happen very often. Usually, one company will buy another and, as part of the deal's terms, simply allow the acquired firm to proclaim that the action is a merger of equals, even if it is technically an acquisition. Being bought out often carries negative connotations, therefore, by describing the deal euphemistically as a merger, deal makers and top managers try to make the takeover more palatable. An example of this would be the takeover of Chrysler by Daimler-Benz in 1999 which was widely referred to in the time.
A purchase deal will also be called a merger when both CEOs agree that joining together is in the best interest of both of their companies. But when the deal is unfriendly - that is, when the target company does not want to be purchased - it is always regarded as an acquisition.
I think you could call it a merger because it isn't just a cash deal. Since the deal includes stock, we will have an interest in the acquiring company.
I suggest that VCTY should take the proceeds from the Tactician sale and post a dividend for owner's as of a date just several days after the sale is completed. With merger, buy out, and forced short covering due to dividend it would be sweet.
Does the news sort of indicate that any additional previously mentioned mergers with non-energy companies may be skipped since we will be an energy company vs a video company for example?
I think that VCTY is protecting themselves by making sure that if the Hydro merger were to not go through, they would not have gone backwards and be a shell only again. If they wait until Hydro is complete, they can sell university but never risked becoming an empty shell in the process.
Just need to talk the company into making a dividend payment, that would close up the short selling/covering issue.
I think the go ahead is for this as PRed before:
[Chinese Hydro company] The company plans to expand its services and currently seeks funding for the creation of a new hydro power station. This new hydro station is due to provide energy to the region by 2012.
Only the NASD or the SEC can halt trading in OTC securities. The NASD does not have the authority to halt trading for the dissemination of OTC issuer news.
FINRA will not halt trading for the dissemination of OTC issuer news
Pink OTC Markets does not halt quotation or trading in OTC Equity securities. The authority to halt trading in the OTC marketplace is limited exclusively to FINRA and the U.S. Securities and Exchange Commission. Pursuant to FINRA Rule 6660, in circumstances in which it is necessary to protect investors and the public interest, FINRA has been granted authority to halt trading and quotations in OTC securities in the following circumstances:
Foreign Market/Regulatory Halt (Note that foreign regulators are under no obligation to notify FINRA of halts in their markets and that FINRA will not halt trading in conjunction with foreign halts that are imposed solely for material news, a regulatory filing deficiency, or operational reasons);
Component/Derivative of Exchange-Listed Security;
Extraordinary Events (FINRA determines that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or has caused or has the potential to cause major disruption to the marketplace and/or significant uncertainty in the settlement and clearance process); or
SEC Trading Suspension
FINRA will not halt trading for the dissemination of OTC issuer news. For any questions or issues related to the halts, please contact FINRA Operations Department at (866) 776-0800.
6 month net profit = 1,130,489