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VCTY Friday Tips 5.6.2011
The two billion share certificate has been received from escrow and will be forwarded to a transfer agent to return to treasury.
Question:
The last Friday's Tips stated that the company wants to close the cloud computing merger on an all-cash basis and return the two billion shares to the treasury. If the company can't close the deal on cash alone and must issue shares, will these shares be taken out of the two billion that were supposed to be returned?
Answer:
The shares have finally been delivered from escrow and should be going to a transfer agent. It's in a spool.
------------ ends Friday tips official PR from VCTY via their IR company MMMG
Share Structure unchanged - 4.8 Billion AS as of 5.6.2011
Share Structure
Market Value $2,397,899 a/o May 05, 2011
Shares Outstanding 4,795,797,814 a/o Feb 17, 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
http://www.otcmarkets.com/stock/VCTY/company-info
The odds are likely that if something of note occurs of a positive nature with VCTY (see completing and proving that 2 billion shares of the current 4.8 billion AS are removed in full) that the pps will rise yes - being this close to rock bottom lends itself to a rise if anyone new and unaware out there is out there willing to place their money in VCTY.
Sitting and waiting - this is a news/attention-driven stock just as most other .0005 stocks are.
Absolutely right.
The large increase happened last year - over and done with. Review the 1 year chart. + .01 down to .0004
Would take a merger with google to get back there now.... (...I kid...)
Everyone has a right to their own opinion and can state opinions as they see fit... this being a message board and all...
VCTY does not trade on technicals and the decline started in the Fall of 2010.... 1 year graphs are mighty helpful to review when making statements.
Friday Tips 4.29.2011
The company made some comments about dividends. This refers to preferred shareholders in China and not common shareholders. The announcement of the two billion shares returning to treasury is expected shortly. The fly in the ointment is the ongoing negotiations with a cloud computing company in the United States. Ideally, the company wants to close that merger on an all-cash basis and return the two billion shares to treasury.
Not sure how this impacts things... we still have unaudited financials with no indication that the money TCU earns travels back to VCTY or impacts the PPS. And as of now, we still have a 4.8 billion OS/AS.
If VCTY fulfills it's promise to reduce the AS by 2 billion or so shares - that should have an impact because that would be the first time in a while that they have made a promise and kept it. (Filing the q4 financials by the due date was another nice step in the right direction). As well as mathematically changing the share valuation.
VCTY cannot currently provide dividends... they are not a reporting entity... Nor would we want them to... an actual 2 billion AS share reduction is far more valuable to the pps than a few bucks per shareholder.
They said as much themselves... just because they have a clause in their documents saying that they might do such a thing does not mean that they actually legally can given their current trading platform - see VCTY's official PR own comments on the issue this year... link below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60195127
The photos are nice - good stuff.
Friday Tips 4.21.2011
VCTY
The OTCVerify report has been completed and the company easily received a passing grade, reflecting the solid and proven business model it has with its Tactician University management education and leadership training program. This should help its undervalued share price regain some lost ground.
Why? Why is it promising? We know nothing about this cloud computing company - no name, no financials, nothing...
it's like saying ... you know... I think I might be the CEO of ____ company someday - and that company earns ____ dollars so I want you to get super excited and pay money to buy my stock because of this based on nothing.
If VCTY details full financials and a name for this new merger candidate, a time-frame for closure of this merger and details about how much money/if all-cash or how much dilution (if stock is offered) VCTY will spend to acquire it... then we can start to evaluate...
The Hydro Merger is not in stagnation - it has been long dead for months (as per VCTY). It went the same black hole of potential mergers that the AMETA Merger and the Unknown Video CC company Merger went to.
VCTY has not reduced anything as of now and we have been asking/writing/inquiring for months as to when VCTY would keep their July 19th promise to retire the 1.5 billion shares allocated to the hydro company and the 300 million shares allocated to the Video Closed Caption Company if it those mergers did not come to completion.
It is nice of them to finally state that they would be retiring those shares 8 months later yes. And if that share reduction of a billion or two shares does occur - that will be an huge step in the right direction (as I and others have said many, many times for months).
The point was... what VCTY stated in Friday Tips was false and contradicted what they said in their official PRs. When the company cannot keep itself straight as to what it is doing with it's own shares and how those shares are allocated - it looks really bad. And our pps stays in the deep sea.
The latest inaccurate statement from VCTY does not have to be a mountain or a molehill... it is what it is and needed to be pointed out to investors here that care about facts.
Back to waiting.
Reducing the AS by 2 billion is very good. The question is if it will indeed occur. As always - VCTY determines their own reputation and PPS based upon it's own actions based upon it's promises. If we see the action of a roughly 2 billion share reduction in the AS and hopefully a real current float figure for this stock - then that would be a great step in the right direction.
Right - writing to VCTY and asking after the status of the 300 million shares allocated to the Video Closed Caption company last July 19th, 2010 is nitpicking... how dare we shareholders know what our 4.8 billion AS is comprised of and if they will also be retiring those 300 million shares...
We are the ones that specifically wrote and asked IR directly about the Hydro allocated shares retirement status and that is why they addressed it (finally) in the Friday Tips...
Friday Tips came out today... and I posted concerning Friday Tips today... If one does not like what VCTY stated... then talk to VCTY about it via their IR company.
Nothing was repeated... This was a brand new statement from VCTY... unless it was PR'd officially somewhere previously and we all missed it?
Is there really nothing else to say about VCTY that one has to argue about the definition about the word months?
Let me get this straight - pointing out that VCTY said today that 300 million shares previously allocated officially for a video closed caption company were really included in the hydro merger allocated shares and were stated as being such in the April 6th PR - which they were not.... read the PR vs. the Friday tips statements for oneself... Is evil?
No... it is presenting actual facts and comparing what VCTY said themselves with their current statements instead of the mis-information presented in that particular case by VCTY.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62114673
If anyone cares to compare facts - the link is above - don't have to like facts for them to be real.
And if that is the best that we have to say about VCTY at the moment... that is pretty bad.
No one was bantering with anyone... the facts are right there - posted for all to see and in their PR's newsletters and the like... nothing that I posted was inaccurate. It may well be several months - if another delay/processing occurs... no one knows until it happens. Nothing is fact until it occurs.
... would that make one feel good about VCTY? that the only way that VCTY communicates to us as shareholders - PR and newsletters... may or may not be accurate?
What does that have to do with the fact that one accused someone of misusing the word months... when it does indeed apply in that instance...?
Agreed 100%. Far more money to be made from an increase in share price x the number of shares held.
.... more than one month is months and seeing as how this is the 8th or 9th day depending upon when you want to cut it - since they announced the share reduction on the 6th of April PLUS 5-6 more weeks from today the 15th.. that is awfully close to two months from the time that it was first PR'd...
So... we can determine whether it is months, weeks or years when/if this event occurs - no one knows until they actually take action and complete their latest promise to reduce two billion or so shares from the 4.8 billion (EST) current AS/OS...
...This has gone on since last summer... Some of us have held several million shares of VCTY for quite a long time and have watching it go from .015 all the way down to it's current price... It would be different if there were no reason for the decline, but the decline is warranted - VCTY has failed to deliver on it's major merger promises and has inflated it's OS/AS to the max... they finally said that they were going to keep their promise and retire a billion+ and then... it's oh - a few months from now we will do that... just like Hydro.... oh - yes, it's a signature away...
No one is expecting a quick flip here - the chart tells it all and the PR's and filings are quite clear - dilution and failed promises eliminated this stock from being a good investment. It is up to VCTY to turn it around... continuing more of the same is not the way to do that.
Re-read & take a shovel this time... nothing but dirt here. Read VCTY's April 6th PR - and then Read what they just told us today in Friday Tips. Funny... I don't see any mention of the 300 million shares allocated to the Video Closed Caption company (7.19.2010 filing on pinksheets) in that official PR... it clearly states twice emphatically that 2 billion shares were allocated to the hydro merger... that is all well and good but now they are claiming that the 300 million shares was of course included in that total for hydro? So be it, but it's more misinformation/vagueness from VCTY.
Remember... Hydro and Ameta were done deals and going to happen immediately per VCTY... more of the same Pickl... promise something... drag it out... never mention it again... and then say that it fell through about 9 months later.. rinse and repeat...
The share price went up a little based on the idea that VCTY might actually retire billion+ shares allocated for the hydro merger. Now that it is clear that will not be happening any time soon... nothing to see here. More of the same disappointment.
One unknown, unnamed American cloud computing company was stated by VCTY to be a potential merger candidate.
As was Hydro, Ameta, ASCC etc...
In the meantime - the reduction of shares has not occurred as promised. 5-6 weeks is the new story on share retirement.
Funny.. how VCTY's Story changes... because that sure isn't what VCTY said in their PR.. and now they are acting like we are fools for asking about the 300 million shares allocated specifically for a video closed caption company... not for HYDRO. Always nice to be lied to and insulted by the company that we place our money into... Perhaps they ought to read their own PRs. and their own filings on pinksheets - see below:
Question: Now that the 1.5 billion shares from the failed hydro merger are being returned to the treasury, will the same be done for the 300 million shares allocated to the video rental company?
Answer:Yes, of course. The company said two billion in its press release.
Question: When will the shares be officially retired, and how will investors be updated?
Answer: They're being processed now and we estimate it will take five to six weeks. There will be a press release when it's done.
Videolocity International, Inc. (VCTY) allocated approximately two billion shares for its Chinese hydro company merger which has now come to a halt, resulting in management returning those shares back to the treasury.
Following exhaustive negotiations, the two companies were unable to reach consensus favorable to both parties that would have enabled them to proceed with the merger. Therefore, approximately two billion shares that were held in escrow that would have been used to acquire the hydro company will be returned to VCTY's
treasury.
VCTY Updates: 4.15.2011 Friday Tips
The company is concerned about its share price and has made this its #1 task to address.
Question:
Now that the 1.5 billion shares from the failed hydro merger are being returned to the treasury, will the same be done for the 300 million shares allocated to the video rental company?
Answer:
Yes, of course. The company said two billion in its press release.
Question:
When will the shares be officially retired, and how will investors be updated?
Answer:
They're being processed now and we estimate it will take five to six weeks. There will be a press release when it's done.
We do not know if there is any dough - VCTY sold ASCC for 800 million shares of EVDR. We do not know if those shares are restricted or if they were able to sell a couple million into the promoted run just a few days ago.
The reason why we do not know anything is because VCTY did not provide any further details about the sale (and has now promised in this week's PR to do so in the next financials - due by May 16th per IR) - hopefully we will gain some idea if selling off our 3 million in annual revenue company in ASCC was a good deal or not:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60195127
One way or the other - no shareholder on our level is going to see squat in the form of a dividend etc... Dough comes from flipping this stock - might turn into dough waiting for VCTY to give it's shareholders any money directly.
Enjoy your weekend as well - it's a beauty!
No Dividend - 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:
Quoting from VCTY's own PR's:
"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=60195127
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60164903
Wouldn't think that an ice cube is all that useful or meaningful in Alaska either =)
But VCTY - they could sure turn things around by taking action instead of just talking/promising! Here's to a new VCTY - one that comes through (and not.. "SOON" on their promise to reduce the AS by roughly 2 billion shares).
Enjoy your weekend Shauno.
LUCKY that NEWS HIT TWO DAYS AGO - they told EVERYONE the same thing in the official PR then!
There is nothing in that Friday Tips that was not in the PR from two days ago: 4.6.2011 here is that full PR link for re-review in case anyone missed it two days ago:
http://pr-usa.net/index.php?option=com_content&task=view&id=683582&Itemid=29
No one is "in the know" moreso because of today's Friday tips who did not already see the PR go out across newswires.
GO positive - certainly - but wait until VCTY fulfills it's latest promise to reduce the AS by roughly 2 billion - then we celebrate & re-evaluate VCTY based on it's profits vs. the new share structure - hopefully with the real current float number revealed?
Then once they share a name, full financials, and how much this unknown American Cloud Computing Company would cost VCTY to merge with - then we can evaluate whether that seems like a good move or not. Looking forward to facts from VCTY in full detail.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61784911
Hope so. If they do - that should increase the PPS - a little hard to expect folks to buy in and up on the ask now without actual action on the 2 billion share reduction. Promises from VCTY are as meaningful as an ice cube in you know where.
Rehash of the PR - nothing new there regrettably... When do you think that will actually reduce the AS? Or will they? I really, really, do not want this to be another failed promise by VCTY. We have waited months for them to retire those shares.
At least with AMETA we had a name and financial figures etc... stating an Unknown, Unnamed American Cloud Computing (which is very hit or miss FYI) as a merger candidate is interesting, but not a PPS mover - no facts are known. Hydro dragged out for 12 months and never happened - AMETA is on several months without any further detail (but it appears to be out of the running).
May 16th Q1 financial due date is confirmed by VCTY...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61833840
If one was to read through the posts... one would see that the typing error was corrected and the Q1 financial dates were confirmed by VCTY in response to inquiry.
? You must have replied to the wrong post - no guesstimates are detailed here or in the post that you replied to.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61819338
Looking forward to VCTY keeping it's word and reducing the AS by 2 billion - the PR was worded as immediate - hoping there will not be a delay. My two million shares look forward to the day that VCTY keeps it word - shareholders have asked VCTY to keep it's July 19th promise to retire the billions of shares for months.
Looking to hold .0007 for the day. If VCTY comes through with that share reduction - look out .001
Q1 financials due by May 16th VCTY Confirms unless an extension is filed:
No detail on retiring 300 million shares allocated for the video closed caption company merger that has not come to pass as detailed in the July 19th 2010 filings.
VCTY IR conversation below:
Thu, Apr 7 2011 11:41am
Good morning,
Delightful news yesterday - thank you for making the effort to inform shareholders about a potential 2 billion share reduction in shares.
Two questions when you have a moment:
1. What is the ETA on retiring the 300 million shares allocated to Video Closed Caption company as detailed on the pinksheets July 19th 2010 filing?
2. By what date will Q1 financials for VCTY be filed by?
Thank you for your time.
Thu, Apr 7 2011 1:34pm - Michael S
1. No info on this yet.
2. May 16th to keep the status of current information. Keep in my the company can file for an extension.
Thu, Apr 7 2011 1:36pm
Thank you.
VCTY just filed Q4 on 3.31.2011 - that does not fit the time-frame of past filings to say May 15th. Will ask VCTY here in a bit and see when they intend to file Q1 financials.
VCTY stated they would provide a current float number? Really? Show me that PR please! 7 months and counting without a actual, current Float Count for shareholders to see.
Share Structure
Market Value1 $2,877,479 a/o Apr 06, 2011
Shares Outstanding 4,795,797,814 a/o Feb 17, 2011
Float 146,262,970 a/o Sep 30, 2010
Authorized Shares 4,888,000,000 a/o Sep 30, 2010
Par Value0.001
VCTY said other news to be filed with the Q1 Financials for Tactician University would contain more information on the sale of ASCC - that is months away. PR is below for careful re-review:
Videolocity International, Inc. (PINK SHEETS:VCTY) allocated approximately two billion shares for its Chinese hydro company merger which has now come to a halt, resulting in management returning those shares back to the treasury.
Following exhaustive negotiations, the two companies were unable to reach consensus favorable to both parties that would have enabled them to proceed with the merger. Therefore, approximately two billion shares that were held in escrow that would have been used to acquire the hydro company will be returned to VCTY's treasury.
VCTY's strategy to address its deflated share price is to continue with a share reduction plan, locate a new merger partner and close a new merger on all-cash basis.
VCTY management believes that a suitably strong merger and/or acquisition would address the issue of the suppression of VCTY's currently undervalued stock price. The company is in ongoing discussions with a viable and promising American merger candidate that's engaged in cloud computing.
As part of the corporate realignment and efforts to breathe new life into VCTY's share value, the company intends to name new board members and replace its secretary.
Details of the sale of Avtar Singh Construction Company to Evader, Inc. (EVDR) and VCTY's position will be made available via a filing on OTC Markets and in company financials which will be released simultaneously.
Tactician University is currently VCTY's sole subsidiary. Tactician was founded in 2001 to train 21st century Chinese leaders in business and government management. It boasts top post-doctoral research and manages 10 institutes in several provinces through partnerships with reputable Chinese universities. Some 25,000 students have been trained and 10,000 more are enrolled in Tactician programs.
VCTY looks forward to keeping the investor public updated on a timely basis as new developments arise.
http://pr-usa.net/index.php?option=com_content&task=view&id=683582&Itemid=29
Sorry viking - typing too fast on a break from work fixed now it is 500 million more. I was replying to shauno's question about the number of shares allocated to Tactician University and the like/ in other words, who holds the shares currently in the 4.88 billion AS and how it could appear should VCTY reduce the AS by 2 billion as detailed yesterday.
It is a good thing - 2 billion reduction sure beats 1.5! hopefully they will also retire the 300 million shares for the closed caption company and make it an even 2.3 billion shares retired - might be a good question for IR?
IF? It is right there on pinksheets. Work with facts.
VCTY said yesterday 4.6.2011 in their PR:
Videolocity International, Inc. (VCTY) allocated approximately two billion shares for its Chinese hydro company merger which has now come to a halt, resulting in management returning those shares back to the treasury.
Tactician University holds 1 billion shares of the OS/AS:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34056
Hydro was only allocated 1.5 Billion:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34056
So somewhere along the way VCTY added another 500 million shares without informing shareholders to the hydro company potential merger.
Still have 300,000 shares allocated to the Video Closed Caption Company floating out there that need to be returned to the treasury as well:
Henderson, NV, July 19, 2010 pinksheets filing:
Inc. management allocated company shares as follows:
The VCTY management has allocated 1 billion shares to its subsidiary Tactician University at $0.008 per share (shares in the value of $8 million USD).
*** VCTY Share Allocation Continuation
*** VCTY management will further allocate 1.5 billion shares at $.008 per share (shares in the value of $12 million USD) to the China Hydro Company upon completion of the merger with VCTY.
The management also intends to allocate 300 million shares at $.008 per share (shares in the value of $2.4 million USD), for the pending merger with the US based, video rental company.
Should these mergers not come to a fruition the above shares held in escrow will be returned to the treasury and or the company may without advance notice reduce its authorized share structure.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=34056