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Provide links to the official news releases from VCTY - we shareholders of VCTY all must have missed them for the past year +.
Start with this one - 2.22.2011
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.
What answers? Did VCTY issue a couple of detailed financial and stock share specific PR's today detailing all of the detailed explanations for the OS/AS gigantic increases and a up to date float number?, the failure to produce details/proof of sale completion of ASCC and an explanation for the sale of ASCC?
We all would like and have asked VCTY repeatedly for answers - VCTY has no interest in providing it's shareholders with any answers or details regarding any of their actions, current companies or OS/AS/FLOAT information. Go ask Ivestor Relations for answers to specific questions - it's like walking on a treadmill... lots of effort for nearly a year now and we have not gone anywhere - in fact - VCTY is 20X less than it was when it was at .01....
Cliff - VCTY - Fallen off of .... and VCTY is now literally digging a hole to china with it's PPS...
There are no answers... and have not been for months... It is pointless to defend a stock that will not even make the effort itself to share normal stock share information with it's shareholders or actually provide the information promised in their OWN formal PR's.
No - FACT. VCTY's own Investor Relations Company is going to VERIFY it's own company in VCTY... That means absolutely nothing. So I say it is true and so does ME. Ridiculous.
Here is the entire program in full:
MM Group Prepares to Launch Small Cap Verity Fact Check Service
mmGroup will soon launch OTC Verify (OTC-FCS) reports for small cap companies. Small cap Fact Check Service reports will cover due diligence and reports on the company, including market visibility and operations. MMG's OTC-FCS reports will allow current and future shareholders to better see and understand the company's business and prove its existence. We expect our OTC-FCS reports to help company supporters and rein in the stock bashers who prey on unsuspecting and novice followers by making ridiculous accusations against the companies, such as scams, non-existent and other malicious and slanderous allegations.
mmGroup is a 2nd Tier M&A company. Here's an example of a 1st tier M&A company, Red Chip, being unfairly and unreasonably questioned on its hard efforts on
OTC-FCS reports will include two levels of verifications. Level I will represent a regular evaluation of the merger candidate company. Level II will be the proof of inspection from the MMG side and proof of operations of the company. This will include detailed photographic evidence of the inspection (images of the targeted merger company, its property and operations, MMG representatives meeting with the CEOs and principals of these companies, plane boarding cards, hotels, etc.).
We strive to gain investors' trust in the hard-to-prove small cap companies in the small cap markets, and we expect our OTC-FCS reports to attract investors who have fallen victim to those who profit from slandering these well-established and hard-working companies.
The OTC Verify service will allow small retail-type investors in small cap companies to verify using the Verify services. This will include reports that the businesses of the issuer actually exist. We will issue scoring and evaluation reports of the issuer and its operating subsidiaries.
We realize that with small caps, especially OTC markets and Pink Sheets, the CEOs and principals of these issuers can sometimes get carried away and may exaggerate their actual capabilities and potential. They may overvalue the assets and the revenues, the actual size and what the company status really is versus what it might someday be.
In the end, it is investors that wind up getting hurt in these transactions. Over the past 5 years, mm Group, through our mergers division's department, has inspected each and every company which we represent in merger negotiations.
We do a thorough check of each company using our 57-point check system to evaluate the validity, scale and visibility of the company. We are now extending this report and will be making it public to all the shareholders, followers and future shareholders of any of our client companies.
Future plans are to extend the service through a website called www.otcverify.com. mm Reports will provide unbiased evaluations of clients and non-client companies for a fee. We do not take stock in our evaluations, and we will charge the company only for the services provided. This will allow investors to have the virtual tour of the premises and allow them to get a good grasp of the business in which they invest in.
The next time you run across stock bashers who question the validity or existence of a certain company, look for the mm OTC Verify report and point them in that direction. We are doing our part to make the OTC markets as transparent as possible, minimizing the risk of investors and followers of mmclients and group of companies.
We will shortly release details into procedures. OTC-FCS reports are planned to launch between now and March 2011.
Reverse Boost Program
It is no secret that companies go public in order to raise capital and grow their businesses. The theory behind it is: the more capital the company can successfully raise and inject into its businesses, the higher the share price. Unfortunately in Pink Sheets, non-reporting issuers do not have the luxury of reporting issuers, such as institutions and large corporations. In most cases, institutions are forbidden by law to invest in these high risk non-reporting OTC companies. This opens up doors for overselling, also known as short selling. Although, Pink Sheets stocks cannot be "shorted," they can be and often are oversold. It's simply using different name to get the same result: selling something that one doesn't have. This creates a vicious circle of a company trying to raise money and market-makers playing with the company's stock, doing as they see fit to make quick money as the company's CEO and principals' dreams go down the drain.
MMG started experimenting with something we named "Reverse Boost."
In the traditional method or way, most companies hire IR and awareness companies and issue 3rd party stock to start a promotion or awareness campaign. Read the disclaimers in any opt-in emails you may get. As the promoter promotes a certain stock, it creates volume and price appreciation (because of the volume), and they sell their position in the storm of activity. Then it's up to the company to continue the momentum. We all know how well that goes. Eventually the company returns to ZERO volume.
The MMG Reverse Boost works differently and is quite unique:
1) We take no stock whatsoever in our awareness, hence no dilution.
2) We inject cash into advertising in Google and Yahoo, and pay other awareness groups in cash.
3) Through our call centre in Europe, we call accredited investors to buy our clients' stock in the retail market only.
4) We present investors with the idea that this is a great company with a lot of potential, resulting in a huge upswing in the future of the security.
Once these accredited investors began buying up issuer security, the price starts moving up, creating a lot of volume and buying pressure.
At that point in time, MMG approaches other financing sources that only take the issuers' stock as security and do not sell it in the open market. Instead, they evaluate the share price, the highs and lows, based on certain criteria. They typically lend or finance the issuer X amount of money on their block of stock, which is held by the financier and not to be sold for a reasonable length of time. The only time this stock is sold is when the price falls or when the investor calls the loan and the company does not have the resources to pay it back.
In order to level the playing field, we make this public through our ticker-tape service and advise everyone about the featured companies of the week.
In summary, this creates a win-win situation for the company and shareholders.
In the traditional way, the company would take stock from its treasury and sell it, creating pure dilution. Then a company's IR representatives will tap dance and do whatever they have to do to say that there is no dilution. Remember their duty is to their employer.
The bottom line is that the company is raising capital and does it the only way it knows: dilution.
This hurts small-time shareholders in the short-, mid- and long-term. If the company can use this money successfully, the share price may retrace and small shareholders could see some nice gains.
However, if the company continues to dilute and does not use the money properly, and the market-makers get the sense that dilution is going on, they send out their basher cronies and the price continues to plummet until there is nothing left to cover.
So the company stock gets battered by dilution and massive discounts, and there is the oversold to take into consideration.
With the Reverse Boost, there is no or very little dilution.
We experimented with Reverse Boost as a pilot project on several issuers.
One was last year with GOIG, where the stock started in the triple 0 range and wound up in the 6-cent range before it started coming down. The only reason we believe it started coming down is because some long-term accredited investors saw this is as a nose bleed section and started selling, pulling out large profits in the process.
Nonetheless, it allowed the company to do what it wanted to do, and now it is beginning to retrace again. We did a similar drop on GOIG with YouTube awareness to get investors interested again. We believe that there is no reason why it shouldn't come back again to where it was, in the couple of cents range, as it does have a wide shareholder base.
On the flip side, the Reverse Boost can also backfire. This is primarily because of management's insane desire to dilute as fast as possible, almost to the point of thinking that tomorrow will never come. One such case is a "delivery company" with ties to Subway and others. We did the reverse boost on this company and it got up to the 01 plus range. Shortly thereafter, the management relentlessly and viciously diluted this company into the 0.0001 range. The dilution continued to the point of insanity. Again, the point is that the Reverse Boost works and works great. Cash is KING, as we all know. However, it's the management and the company that you really need to evaluate before making your investment decision.
On a lighter note, we recently launched the Reverse Boost on NWTT when it came to our attention that there was either a huge overhang (short position) or an oversold position. The results were great and the company came alive. It did what it needed to do, and it appears that a lot more accredited investors will come in.
It may begin its northward march further in our opinion. Reverse Boost is a great solution for a company, as it creates a win-win-win all around. With no dilution, it gets the company the money that it needs. It also reflects in the share price values, and appreciation which the issuers' shareholders are looking for.
Look for the Reverse Boost message in future Friday's Tips by your play. Remember these are OTC listed companies and it is up to management how they manage their affairs.
Makes me feel all warm and fuzzy... I would say... make a bet on whether VCTY files financials today... but I doubt that I would find any rational person to take such a bet....
The VCTY program RUN by VCTY/MMMG verifying it's OWN stocks as... being legit?
I and my friend ME both agree that this stock is on the up and up?
Where are the lies? VCTY is the one lying/making promises and not keeping them.
It is interesting that VCTY/MMMG feels that instead of actually filing financials, sale of ASCC details, updating the current float numbers, explaining the huge increases in the OS, the failure to return 1.3 BILLION shares to the treasury and on and on...
It instead chooses to start a 'program' by itself stating that it's own stocks are valid... That should REALLY convince folks...?
Try just keeping promises and explaining why dilution occurred in massive quantities first VCTY... honesty will do wonders for this stock...
Always nice to know that our very own investor relations here with VCTY has no idea what VCTY is doing regarding financials for Q4.
No... one smells the reek of dilution and a dead stock.
This is not about every merger candidate - this is about VCTY - need we recap it's failures yet again? Tell us... how many mergers has VCTY closed on? And how exactly has that benefited stockholders? How many times has VCTY trotted out an unnamed or named merger candidate only to never mention it again or such a merger to never come to completion?
There is no need for feelings - there are facts and a clear history here with VCTY... if anyone would care enough to read them... not sure why anyone would place their money in this stock without any defined future or positive detail from VCTY....
Paranoia may be based on unfounded ideas... VCTY is not unfounded - it is a confirmed dilution-driven company with no regard for shareholders or to keeping it's many promises.
Filings will help to confirm the trust of shareholders.
Tick - If I said that I made two million last year... and put it on a nice looking piece of paper and filed it... Doesn't that make it true?
Yes folks - that is the roughly the same level of evidence that VCTY provides with regard to the profits of one Tactician University...
Really reassuring is it not? Just talk to IR at VCTY... ask them for a true Float number - see what happens... The company will not even tell it's own shareholders how many shares are freely traded in the market... what does that tell you?
this company is doing well and is moving forward
VCTY Brings home nothing.
Tactician University on paper unaudited financials states profits in the high 1. millions each quarter...
VCTY has shown zero signs that it has any funding or profit outside of stock AS/OS increased to the float - creating dilution to create capital for VCTY.
Yes - Outstanding Shares are for a reason... diluted to the maximum - it has nowhere else to go as they have maxed out the OS while making millions less in revenue (as per paper ASCC financials - sold off for 800 million shares of a worthless stock).
Even the smallest pea-brain would know that releasing these financials on time to preserve the pink sheet current status is extremely important.
Ah definitions - sunshine in the land of vague terms - thank you viking.
Yes please.
Good for whoever made bank within the company... absolutely.. good for the share price and common lowly non-preferred shareholders like us.. not so much.
So insiders sold VCTY like the plague based on inside information that VCTY was sued? And then after the insiders sold millions/billions of shares - they finally tell normal shareholders about it informally in Friday Tips - is that what just happened?
Correct - Link is Vague - cannot locate any details either.
VCTY's Message to shareholders: This is the OTC world. If you can't stomach it, leave your cash in a certificate of deposit. Just know and remember that all OTC companies dilute to raise capital.
The companies are left with little or no fundraising options in the OTC Markets environment. They all dilute, as that's the only way they can access funds to grow their business.
What's the answer for small retail shareholders? Play the dips. Pay attention to newsletters from reputable sources and Friday's Tips. Play the companies that have been OTCVerified (the service is being launched shortly).
If you can't stomach the the ups and downs of OTC Markets, then don't play OTC securities. Remember that the person who bought the PPM and has useless shares will now revolt and rebel. He'll call the company a scam. The only recourse is to bash the stock to get some satisfaction. In other words, he'll kill the people he once saved.
Always remember these are penny stocks that are very speculative and unstable and which are riddled with stock bashers and money managers who make their money on the stock value going down. Always play these and other penny stocks with your head and not over it.
Above quoted in full From VCTY Friday Tips - 3.25.2011
--------- so they will not release details of the float and they keep on stating that they are diluting... delightful.
Cannot include the full link - You have to get the Friday Tips email and click it - cannot post it here. They have sued a lot of folks but this one is a lawsuit against VCTY - read the whole Friday tips...
Link is indirect - the lawsuit details must be hidden somewhere in there - cannot locate.
No knocking - just discussion. This silence from VCTY is going to be the literal death of this stock - they refuse to address anything and it may not recover until there is some sort of stable future event to look forward to to attract new investors.
3.25.2011 - Friday Tips: Lawsuit
VCTY
The U.S.-based lawsuit regarding the company's operations years ago (before the Tactician merger) has created a selloff in VCTY. Although this is a substantial claim, it hasn't been proven and a judgment from the U.S. to extract assets from China would be extremely hard to enforce. A U.S.-based lawyer has been retained to settle this matter. We don't see it as a major issue. We inquired with the company regarding the suppressed share price due to the selloff and received a reply that, "It just makes it that much less for us to buy more of our company back." The details of the lawsuit are available at www.min...rgroup.net/support/index.php?_m=downloads&_a=view.
Link cannot be detailed in full as it contains the name of a company that is not allowed to be posted - you must review the original VCTY/MMMG Friday Tips email to view the full link.
IF VCTY files Q4 financials that is... they have failed to keep their word in many other promises so who knows if this is one that they will keep this time.
VCTY was not current on pinksheets last Summer - perhaps they prefer to no longer put forth the effort necessary to keep VCTY as current on pinksheets... clearly they have zero regard for shareholders - why not let it sink to the depths?
Remember VCTY stated: "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. "
If this is their Top Priority... and they have failed to increase the pps in months now (in fact it just keeps going down to zilch) I would hate to know what is happening to their lower priorities actions with VCTY - such as... say... the details in full from the ASCC sale (promised to us nearly two months ago very soon and never released) or say... the contact information for the Chinese Liason... (promised over two months ago)...
If they do not file in time and we loose current status on pinksheets... that is all she wrote.
What a fool I was to believe VCTY's lies and failed promises... an absolute and utter fool.
I remember when .34 was impossible... then .38... well .58 just happened within a week so with folks holding and sharing... back up we go.... the only caveat is that the first step is over - now the next step of merging with Kruse needs to be the focus... we can start sharing the PR's from Kruse with folks etc... so that they become familiar with what the next step is...
0.03 / 0.034 Can go back up now that the large seller has left...
the selling must stop to make that happen or at least raise the asks.. just killed a great run to .10 folks...
let it run....
Facts are clear - read and become informed... Stickies are your friend!
PALM BEACH, Fla., March 24, 2011 /PRNewswire/ -- QSGI, Inc. (Pink Sheets: QSGIQ) announced that on March 21, 2011 its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court, Southern District of Florida, West Palm Beach. The final order confirming the plan will be recorded as early as today. As part of the Plan, QSGI will merge with KruseCom in a stock-for-stock transaction and is expecting to emerge from bankruptcy in approximately 60 days. Under the plan, stockholders retained their common shares.
Need to re-visit some of Kruse's past PR filings for the board's review...
QSGIQ follows Through and Does what it says it will do... shocking on this exchange... looking forward to news as to the merger ...
3.24.2011 8K FILING and Approval Emerging from CH11
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7816501
PR full news 3.24.2011 link below:
http://www.prnewswire.com/news-releases/qsgi-emerging-from-chapter-11-reorganization-118567754.html
PALM BEACH, Fla., March 24, 2011 /PRNewswire/ -- QSGI, Inc. (Pink Sheets: QSGIQ) announced that on March 21, 2011 its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court, Southern District of Florida, West Palm Beach. The final order confirming the plan will be recorded as early as today. As part of the Plan, QSGI will merge with KruseCom in a stock-for-stock transaction and is expecting to emerge from bankruptcy in approximately 60 days. Under the plan, stockholders retained their common shares.
According to Marc Sherman who serves as Chairman and CEO of QSGI, Inc., "The combination of QSGI with its restructured balance sheet and ties to large customers and investment markets and KruseCom with a profitable operation in a corollary business, deep management strength and strong balance sheet will provide a great launching pad to capitalize on the fragmented information technology services market."
About QSGI, Inc.:
QSGI Inc operates as a technology service provider, offering a full suite life-cycle for its corporate and government clients' entire information technology platform. On July 2, 2009, QSGI, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Florida.
KruseCom, LLC Summary:
Founded in September of 2009, KruseCom offers comprehensive solutions for I.T. Asset Management. KruseCom's specialties include Secure and Certified Onsite Data Erasure, Data Center Maintenance, and End-of-Lifecycle Services for everything in Information Technology.
For further information, please visit: http://www.QSGIInc.com
I Just hit the ask... EOD run here...
0.4321 / 0.469 ( - get em!
Trying to stop it from getting back to the .50's
.45 /.47 - bring that bid up to hold it.
.45 up - support the bid - and it goes back up...
Raise those asks - let it run!
.51 / .52
.50 back up Great news - everything is coming about just as stated months ago.... what a delightful change to have things go right with a stock for once!
.0004's broken today... hope someone picked those up - best price in nearly a year.
That assumes that there will be a bounce... and that the share structure can be exhausted by this great, strong demand for millions of shares of VCTY.
Where is this demand going to come from? VCTY's Share Structure is huge...
Why would someone pay .001+ for this stock?
The only reason that stocks hit support levels and bounce is because folks want to buy it based on some sort of facts, speculation etc... and are willing to pay a premium (ask+) to get it...
They would have to turn over a lot of rocks to find that many gullible folks with that much money to buy into VCTY.
Need I remind folks that this is a 4.7 Billion (with a B) OS/AS stock? with an unknown float - estimated at 450 million - perhaps at a billion now by our own reasoned guessing.
That is the issue with flipping/swing trading etc... It only works if there are others holding longer and willing to pay more and more... This is a stock that has gone straight down for 6 months+ ... this is not a flipping stock anymore because there is nothing good occurring here with VCTY at the moment & VCTY has done nothing positive for this stock PR-wise in months.
How many more unaware buyers are out there that will not see VCTY's past actions/inactions/lies and have as a result have zero interest in buying in... that is the problem - they toasted every single investor over the past year and that was a lot of folks...
No - why would VCTY actually keep their word/promise/obligation.
And that float is now 5 months or so without any update - they gave the reason in an IR response as to why they are not updating the float because "it fluctuates" ....... no kidding! Right up through the roof as they dilute.
The past financials are out for all to see and clearly folks do not care about those - why are the hopefully coming soon financials going to make any difference? VCTY as a company shows no evidence of a sharing of revenue from Tactician University.