semi-retired
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Videolocity International Inc. (VCTY) Awaits New Merger Completion, Cancels
Proposed Name Change
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=39150
It does appear that VCTY will remain Videolocity Int. per the Neveda Sec of State web site.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=DkbCwbqdXLEbS%252f9WzSySbA%253d%253d&CorpName=VIDEOLOCITY+INTERNATIONAL%2c+INC.
GOOD MORNING FELLOW VCTYers.....Canit wait to see what MMMG and VCTY have in store for us this week.
That's their 10K...they must file an 8K to announce they are no longer a shell.
Hardly...
LOCN mentions dilution again in their 10Q filing for the period ending Sept 30, 2010
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7521201
Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing
and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management’s plan to
offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be
considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains
from another.
Are you sure you throughly understood what was being written in these filings?
Your thoughts please?
TIA
Why do you suppose they would make this statement...
Possible Dilution...is it possible once a merger candidate is found LOCN will have to heavily dilute their stock to complete said merger as stated in their Form 10G/12A that was filed on 10/28/2010?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7521206
Because it has no assets and a limited operating history, in the event the Company successfully acquires or merges with an operating business, it is likely that current stockholders will experience substantial dilution.
your thoughts please?
TIA
Awesome....LOCN filed the 8K stating they are no longer a shell...could you post the link please MNYC
TIA
Sure doesn't imo
FRIDAY TIPS:
Post Unavailable
Additional Information
Agree...S/S looks very attractive.
To the best of my knowledge and from the posts I have read no one is questioning the Share Structure...one the reasons imo why it moves so easily.
I agree with you Green...this is very volatile and news or lack there off can send it in either direction.
I will admit I have not yet gathered enough information to formulate an educated opinion as to why the sudden need to submit all those filings but I will...something is definitely in the works and I see an opportunity to make some money here.
GLTU
Right you are Anxious...thanks
http://www.sec.gov/answers/form8k.htm
I can only speak for myself...just looking for answers from board members on certian questions I have about statements posted in the intro before I decide to invest my money here.
GLTU
I know where to find them and how to read them also.
Thank you
That is a link to their 10k's...To report an event that causes a company to cease being a shell they are required under the Securities Exchange act of 1934 to file FORM 8K. That's the one I'm looking for.
TIA
Please post the link to FORM 8K announcing they are no longer a shell.
TIA
I also found this statement form the 10Q interesting:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7521201
Our business is subject to numerous risk factors, including the following:
1. We have had no operating history in the last three years nor any revenues or earnings from operations and we are insolvent.
We have no assets or financial resources. We will, in all likelihood, sustain operating expenses without corresponding
revenues, at least until the consummation of a business combination. This may result in us incurring a net operating loss that will
increase continuously until we can consummate a business combination with a profitable business opportunity. There is no assurance
that we can identify such a business opportunity and consummate such a business combination.
Our auditor's going concern opinion and the notation in the financial statements indicate that we do not have significant cash
or other material assets and that we are relying on advances from stockholders, officers and directors to meet our limited operating
expenses. We are insolvent in that we are unable to pay our debts in the ordinary course of business as they become due.
I didn't see anything in the filings about a RM candidate? In fact the latest 10Q filing states that:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7521201
4. We have no agreements for a business combination or other transaction a have established no standards for a business
combination.
We have no arrangement, agreement or understanding with respect to engaging in a merger with, joint venture with, or
acquisition of, a private or public entity. There can be no assurance that we will be successful in identifying and evaluating suitable
business opportunities or in concluding a business combination. Management has not identified any particular industry or specific
business within an industry for our evaluation. There is no assurance that we will be able to negotiate a business combination on terms
favorable to us. We have not established a specific length of operating history or a specified level of earnings, assets, net worth or
other criteria which we will require a target business opportunity to have achieved, and without which we would not consider a
business combination in any form with such business opportunity. Accordingly, we may enter into a business combination with a
business opportunity having no significant operating history, losses, limited potential or no potential for earnings, limited assets,
negative net worth or other negative characteristics.
MNYC...doesn't a company have to file Form 8K announcing such a change?
I still haven't received a reply yet from IR on my Hydro question...I wonder why the delay in anwsering such a simple question?
AGREED!!
LOL...I'm still waiting for our next big run back to .037!
I agree won't take much buying pressure to move past those levels imo.
It's still early let's see how the day unfolds.
MNYC...don't you have enough trouble today somewhere else?
Anytime...looks like it's going to be a rough morning in pinky land...I'm seeing a lot of red this morning.
Some unfortunately don't know the meaning of the word integrity my friend.
in·teg·ri·ty
–noun
1. adherence to moral and ethical principles; soundness of moral character; honesty.
An excellent way to conduct one’s self no?
That is unreal...never can i remember seeing it that low.
Good Morning Folks...Happy Friday...Let's see some green today!
Not a peep out of them...makes you wonder no?
I put one in around 10:30...no reply back yet.
Done...I'll post their reply as soon as I receive it.