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.31/.32
Boom .30/.31
Sure will - hopefully that will help QSGIQ's visibility/viability for potential investors to climb aboard. Will need higher volume to re-start the ascent.
Agreed - there is some time between now and when the final verdict is revealed.
QSGIQ
Need to hit the ask and support the bid...
There is some hitting on the ask - just not enough to eat through to go up... a little over two hours until the close of trading...
Nice thing about that is that when you debate yourself.. you always end up winning...
Remember - there are two weeks to go until the final ruling and potentially news soon thereafter... this might take a breather in between now and then....
A name change has been in order since VCTY emerged from empty shell status last year - yet only once did they contemplate taking such an action. And they managed to misspell their new name, cancel the name change and never mention it again.
FYI VCTY Name change PR's from last year
November 15: Videolocity International, Inc. (VCTY) management announced that the company has ceased its application for a name change to Odessa Corporation, and will remain Videolocity International, Inc., with the symbol VCTY. In light of recent developments, namely, the merger with Ameta and the possibility of vending out subsidiaries Tactician University (TCU) and Avtar Singh Construction Co (ASCC), VCTY decided to rescind the name change.
November 10: Videolocity International, Inc. (VCTY; www.videointernationalcorp.com) management announced that the company has entered into merger discussions with Ameta International Co. Ltd. Ameta is a profitable technology sales company with 25 employees, national sales representation throughout Canada, and $3 million USD in annual revenue. The company is engaged in sales and distribution of security and closed circuit monitoring services.
VCTY is considering Tactician University (TCU) and may begin to entertain similar proposals for the Avtar Singh Construction Co (ASCC), subsidiary on an all-cash basis to reduce its current outstanding share structure. For TCU, the purchaser is in the process of completing its due diligence, currently for ASCC all options remain open. Should Ameta come to fruition, VCTY will also rescind the name change currently in process.
VCTY management is of the opinion that Ameta International Co., which does not offer revenues in the same ranges of the Asia businesses, may offer the market a more in-line business model and, being a North American company; a better connection with the VCTY shareholder base.
November 5: VCTY completed the first step towards officially changing its name to Odessa Corporation. The name change has been approved by Nevada's Secretary of State, and the amendment will soon be available on Pinks Sheets. Before the name change becomes official, VCTY must obtain a new CUSIP number and secure the approval of FINRA.
VCTY Q&A
Q: Why do financials go out as a filing and not a press release?
A: They do get sent as a PR sometimes. We use 2nd tier carriers as a cost-cutting measure and news companies delay delivery 2-3 days. (Remember, if this is what the issuer subscribed for, we only deliver what was paid for and subscribed). Don't shoot the messenger!
Q: Min Mar has stated in PRs that VCTY has "true growth potential." The stock has gone down nearly 100% since that release. What are you going to do to restore shareholder faith and bring the share value back up?
A: We don't comment on share values, nor do we own shares of the companies we represent. We are paid in cash for services we offer. We always maintained that the entire stock market is a net zero gain: Don't shoot the messenger, that's only our opinion!
MMG Commentary:
As previously announced, VCTY has commenced a name change. The Registered Agent unfortunately misspelled the new name, Odessa, and the correction is presently being made. In the meantime, another event has taken place: The Close Caption Video Company, with which VCTY has been in discussion for a long time, has finally come forward. In a merger business, this is how things sometimes work. The companies come and go and everybody jockeys for the best position. Close Caption is seriously looking at VCTY with the mindset that Tactician University will be sold in the near future (our bets are on COUV), thus creating an opening in VCTY for a good merger candidate, and hopefully something that will bring substantial value back to VCTY, as everybody would like to see this company retrace and get back to its proper share valuation.
VCTY Q&A
Q: Does the name change result in a CUSIP number change as well? And with these two changes will all of the short positions be covered?
A: In theory, it should. How long and what the outcome will be is anyone's guess. We can't comment on any possible stock outcome as that's a federal violation.
Q: When will ASCC's financials be released?
A: In Q4. However, interim, prorated and pro forma financials are being done and will be filed shortly.
Q: What is going on with the share structure? What is happening with the 1.5 billion shares that were supposed to be allocated to Hydro?
A: A large part of these shares were used up for the ASCC merger. See filings. ** False - only 8 million shares were disclosed as used for the purchase of 1/3rd of ASCC)**
Q: A recent PR stated that ASCC contracted to build 64 km (4 lanes) of the Golden Quadrilateral in Highway in India. They do not show up as a company on the website's contractor list, but a company named AFCON does, and it states that they are building 64 km (4 lanes) in the same area (NH 4) that ASCC is supposedly building. What is the real story?
A: ASCC was one of many subcontractors. ASCC never claimed it was an exclusive and sole contractor.
Q: Concerns about the share value.
A: Pink Sheets are highly speculative
VCTY The company is focusing on operations. A U.S.-based company buyout or an amalgamation with a new U.S.-based company are being proposed.
That is the extent of what we know... no names, no financials, no explanation of what it is that would be bought out...
Bubblegun - I do not know. That term implies willful action on the part of the company to mislead investors for it's own profit without merit.
Because VCTY did indeed close on Tactician and ASCC's mergers - they are (on paper) taking actions that may benefit the company and shareholders. Whether those two companies ever shared any money with VCTY and/or are actually aware of VCTY/MMM.G's PRs and the like is unknown.
VCTY cannot dilute any more with their current OS/AS - they have maxed it out. So either they start increasing the float or they increase the OS/AS in terms of dilution. We already know that the float is higher than it was last reported - for what that is worth.
The question is whether VCTY will do anything about it's huge OS/AS and potentially it's larger float. Because clearly the market cares not for Tactician's profits vs. the number of shares tradeable. It is simply too big of a risk for most reasonable folks?
VCTY impressed me enough to invest quite a bit early last Summer when Hydro was nearly closed... Ever since then it has grown increasingly difficult to believe their claims because each claim was followed up with inaction, excuses or direct contradictions to previous statements. I do not see this going anywhere near to .01 again until they actually reduce the OS/AS/Float and officially file information about a closed profitable merger. Because Tactician Alone is clearly not helping the stock's pps and that is disappointing. Because just a few months ago - VCTY was all set to sell off Tactician to one of two buyers... and now it's the foundation.. for how long? Things just do not add up...
Syst3m1 - that quote applies only to instances where the company is diluting for the purposes of earning money for a detailed merger.
That is correct that if a certain quantity of stocks is designated for a particular merger - it would be provided to the company and then those shares may be restricted from normal trading for a certain period of time.
However - that does not apply to VCTY's case... You have a 4.7 OS/AS and an unknown float (piknsheets is out of date at 164 million) None of those shares in the OS/AS are designated for a particular merger any more - look at the December 2010 financial filing - 1.8 billion shares that was designated for a hydro merger and unknown video closed caption company last summer 7.19.2010 filing - was never retired as promised in the official filing - instead all of those shares are still in the stock.
With that being said - VCTY has maxed out it's OS and AS - they cannot dilute the OS/AS further without increasing the OS/AS - and to do that I am fairly certain that they must file with their state and make that information public.
The concern is what those shares are doing right now - I was told by IR that they are freely traded shares. Also - if they allow more and more of the OS/AS into the float, the dilution moves from being on paper evaluations to severe loss of movement in the stock price... think how much effort it takes to cross a ocean versus a pond etc...
No - VCTY sells stock to anyone who will purchase it. If you could make 600 million widgets for zero dollars expense and sell it for a cent... you would be making money correct? That is the case with stock shares... the company did not spend it's own money for it's own stock - they are selling that stock to others. Anything that is paid for the stock is their profit.
There is no need for the stock pps to rise in order for the company to profit. Assuming that the pps stays above .000000 that is.
It is true that dilution raises money for the company - it is not however true that that capital benefits the stock itself - there is no guarantee that the company will then use that capital to create an event/return for it's shareholders to profit from by a rise in the pps. The company can use that money gained from dilution to fund it's payroll, other expenses, preferred shareholders etc... All the while the pps suffers by extension of there being far more shares to go around (supply increases, the quantity of demand has to rise even higher in order to increase the price... it makes it harder for the pps to retain it's value - much less increase).
The first step in trading is to know what it is that can occur. Otherwise one is trading blindly and that would be not only foolish, but also potentially very costly in this case. There are several good basic term stock books out there that a trip to the library would find - recommend getting some of the basics under one's belt before jumping off the cliff =)
Syst3m1 - Carefully consider why you invested in this stock and what you are looking to gain from placing your money in VCTY/MMM.G. By that I mean - do you want to risk all of the money that you have invested in the stock on the chance that it may rise to ___ amount per share?
Have you carefully reviewed the history of this stock's actions/inactions/promises vs. actions etc.. since it emerged from an empty shell this Summer? If not, take a trip to otcmarkets/pinksheets and read the financial filings as well as the news (they only have from December 2010 on regrettably).
If you have a large sum of money invested in at .001 and you see the opportunity to exit on a increase to say .0013 etc... with a small profit - will that meet your investment needs and satisfy your very large risk that you have taken?
If you have a large sum of money invested and you see the price per share dwindle down to .0005 and keep sinking - are you going to kick yourself for being foolish with your money?
If you sell for a minor profit and VCTY/mmm.g turns around and reduces the AS/OS and somehow manages to restore investor confidence and the pps rises to .01 over time - are you going to kick yourself for selling for a small profit instead of waiting?
It is all about what you are looking to get out of the stock and how much you can afford to loose money-wise.
I strongly encourage you to spend thirty minutes or so and read some of my posts on this board starting late last Summer to now - you will see all of the Friday tips from VCTY in my postings as well as any important PR's from VCTY - Compare what the company has promised in the past to what has occurred as of now (as in, was what the company promised on ____ date completed as stated? Or was it never addressed again, ignored etc..?) The only way to properly evaluate a stock as far as future success is to review the past and present actions. The future is always unknown and can be painted with the most positive of brushes or negative of brushes but patterns of behavior by the company in the recent, semi-recent and long-range past are already painted for all to see. Those same patterns generally persist. Additionally - look at the yearly chart for VCTY - look at where it once was and compare that to where it is now - what happened to cause it to reach where it is today - look through the past posts of mine as well as the pr's that you can find to determine why the stock is priced pps as it is today.
That was a long answer but I hope that with all of your investments, you carefully review the stock's past actions to predict the future as best as you can - The only announced event between now and the end of the month is Q4 financials from Tactician University - stated to me by VCTY's IR as being due out by the end of this month). There is no way to tell if this stock will have dropped further by then and if it will be at this current share at that point in time. Pinksheet stocks are nothing to mess around with and the risk factor on so many levels is through the roof. Never, ever invest more money that you would gladly give away to a person in need.
Best of decision making.
I have real time quotes =) just hypothesizing that folks are feasting on the dips and do not see a reason to hit the ask right now because they have a little time before the Q is supposed to hit the floor on or after the 21st of March. Plus the shorting is wicked.
With that said - if we can go into next week with a base of .30 - that is a huge accomplishment and a base to work from.
Not feeling the Rush to buy shares before Monday yet... a little disappointed honestly... I suppose folks are waiting until it gets a little close to the 21st to make their move.
Sure would be nice to close above .30/.32 today to hold the gains made thusfar this great week.
Great action... Don't all jump for the ask at once!
There we go .32 hit... that's a start for a nice close of .33+ today?
Monday is 1 hr 19 mins away.... at which point we have the informed heads up based on pacer filings as to the result of the bankruptcy hearing on the 21st of March... Will be interesting to see what happens here at the close of today...
3/07/2011 Proponent's Deadline for Serving Notice of Fee Application
3/07/2011 Deadline for Objections to Confirmation
3/07/2011 Deadline for Filing Ballots Accepting or Rejecting Plan
3/16/2011 Proponent's Deadline for Filing Proponent's Report and Confirmation Affidavit
3/21/2011 Confirmation Hearing 9:30am EST
So Hydro, AMETA are out and now it's a new unnamed American company... Although they could not provide any details, a name or an official PR on the subject. No update on the still unnamed video CC company that was allocated 300 million shares in the OS last Summer either.
If that is so...then our theory of dilution for the purposes of offering the cash for the hydro merger is likely to be incorrect.
VCTY is shouting transparency in their Friday tips yet they cannot take the time to update the float in 5 months, explain the increase of 650 million shares in the OS (pointing us to an adequate disclosure that is months old is not helpful), or release the details of the ASCC sale as was promised 'soon' to shareholders two weeks ago... Along with explaining why 1.8 billion shares is still not retired as promised last Summer.
Not building confidence - come on VCTY - stop talking and start BEING transparent. So disappointing.
3.4.2011 VCTY Friday Tips New American Unnamed company is mentioned without detail as a potential merger candidate:
March 2: Videolocity International, Inc. (VCTY; announced that sole subsidiary Tactician University will take part in constructing a new town named Beihai as part of the northeastern Chinese city of Yingkou. The port city on the Bohai Sea is part of the Liaoning Economic Area and will build a new 50-square-kilometer, 500,000-person administration area named Beihai. Tactician University will participate in planning and constructing Beihai in conjunction with local authorities. The development of Beihai will be of great significance not only to Yingkou but to the entire Liaoning Economic Area.
March 1: VCTY announced that Tactician University has entered a long-term management consultancy agreement with Zhengzhou Xinzheng International Airport (IATA: CGO, ICAO: ZHCC). Tactician will provide the airport with long-term investment, financial, management and administration advisory services that will present new ideas and strategies that it can incorporate into its daily operations. It will also provide a solid foundation for co-operation with the Civil Aviation Administration of China, the establishment of a technical training center and further synchronicity between Tactician and the airport.
VCTY
The company is focusing on operations. A U.S.-based company buyout or an amalgamation with a new U.S.-based company are being proposed.
Additionally in Friday tips they issued a long article worth reading:
Mi Mar Group Defiant in Maintaining Transparency in OTC Markets
OTC Markets, or Pink Sheets, are quasi-regulated for non-reporting issuers. Because of this, non-reporting issuers are open to a lot of room for abuse. For example, many market makers and broker-dealers will simply oversell (as Pink Sheets stocks cannot be shorted). They sell what they don't have and force the price down while slandering a hard-working company with their cronies of stock bashers who roam freely on the Internet blogs and chat boards. Exploit your fellow man is their mindset.
Remember that, in the OTC world, dilution is the only source available to companies to raise capital. All other instruments are either too prohibitive or costly, or accredited investors won't entertain them, and institutional investors are forbidden by law in investing in OTC stocks.
As small issuers attempt to raise capital, they fuel short-selling or overselling by releasing more shares in the market, which already works against them. Over the years, Min Mar has engaged in various ways to protect our clients, namely ordering NOBO lists and/or OBO lists, opposing share structure certification from Pink Sheets, having our bloggers fight stock bashers in the cyber world, and issuing Early Alerts, Friday's Tips and Stock Analysis, to name a few. We also commenced litigation against chat boards that provide stock bashers and their employees with a venue and safe haven to conduct their activities.
One of the new methods which market makers and broker-dealers are attempting to rein in those who stand in their way of short selling is to basically refuse to accept any company's new stock if they're associated with any IR company that has more than two companies as clients. Two! (not a typo).
This has created a huge covert operation in the IR industry, where IR companies hide and do IR campaigns and IR/IA work for companies and avoid having their names in the spotlight. This serves the short sellers' purpose, as they hound that company and then when they discover they're in covert mode, they release the wrath of their stock bashers on various chat boards. It's a vicious circle.
This forces novice investors to sell and the market makers to cover their positions, driving the company share price down to the ground.
At Min Mar Group, we don't believe that going covert is the right thing to do. We'll remain defiant. We list all of our clients that are either long flight or short flight, as well as our involvement with them.
Our critics can yell and scream "scam" all day long. Min Mar Group has just surpassed employing its 100th employee. We have offices in Toronto, Canada, Delhi, India, Belgrade, Serbia and Shenzhen, China. We've accumulated assets of more than $75 million and revenues in the $18-million range. We're profitable and able to withstand these attacks and assist our clients in their corporate needs. We consider ourselves unique in our industry, as we provide small cap, second tier companies with a full gambit of corporate services.
We'll remain defiant and transparent and list all of our clients in our portfolio. We'll do all in our power to remain as transparent as possible, both for us and our clients, and do all that we can to assist all of our clients and their shareholders.
Final decision 3.21.2011 Review the dates sticky
QSGIQ Key Dates
3/07/2011 Proponent's Deadline for Serving Notice of Fee Application
3/07/2011 Deadline for Objections to Confirmation
3/07/2011 Deadline for Filing Ballots Accepting or Rejecting Plan
3/16/2011 Proponent's Deadline for Filing Proponent's Report and Confirmation Affidavit
3/21/2011 Confirmation Hearing 9:30am EST
Cannot record a phone conversation without consent or else there are legal issues... I understand the point but generally speaking a recorded phone conversation is not an option.
Take it for what it is worth as unsubstantiated support for what we already have in legal writing filed.
.29 up & hit - support the bid and hit the ask... back up above .30 we go...
Bid rising... need to support and work the ask...
bid sitting kills it.
Folks Monday... we should know if the plan is going to be accepted (via the voting deadline) and then it is a waiting game unil the final ruling at the end of the month... not sure what there is not to like here...
VCTY NEWS RECAP - 3.3.2011 - Newsletter.
VCTY Sells ASCC and Tactician Recognized for Achievements
Videolocity International, Inc. (VCTY; has finalized the sale of its Avtar Singh Construction (ASCC) subsidiary to Evader Inc. on an all-stock basis, enabling it to move forward with a sharper focus on its single subsidiary: Tactician University.
Tactician is a progressive management education, leadership training and think tank venture that tackles prevalent issues in the Chinese economy and society. It continues to grow, offer insights and positively influence China's decision makers. Tactician has racked up some impressive achievements over the past few weeks, which have proven how solid the business model that VCTY has established for the institution is.
Tactician will take part in constructing a new town named Beihai as part of the northeastern Chinese city of Yingkou. The port city on the Bohai Sea is part of the Liaoning Economic Area and will build a new 50-square-kilometer, 500,000-person administration area named Beihai. Tactician will participate in planning and constructing Beihai in conjunction with local authorities. Tactician's sterling reputation, based on its past performance and influence, prompted the Yingkou government to establish a partnership with the institution.
Tactician has entered an agreement with China's Zhengzhou Xinzheng International Airport (IATA: CGO, ICAO: ZHCC) to provide it with long-term investment, financial, management and administration advisory services -- including creating strategies to maintain sustainable development, consulting with management on the airport's business operations and investment projects, and designing a plan to measure management efficiency. This agreement will provide a solid foundation for co-operation with the Civil Aviation Administration of China, the establishment of a technical training center and further synchronicity between Tactician and the airport.
Shenzhen Boneng Gas Co., Ltd. is strengthening its co-operation with Tactician because it's been so pleased with the training its staff has received from Tactician instructors over the past two years. Shenzhen Boneng Gas Co., Ltd. is a leading Chinese conglomerate involved with the gas, real estate development, construction and installation, hotel and entertainment, advertising and printing industries. Its board of directors acknowledges that Tactician training has reduced its rates of both customer complaints and workplace accidents, and it looks forward to working more closely with Tactician in the future.
Tactician's management training and consulting business for small and medium enterprises (SMEs) has been officially honored by the Chinese city of Shenzhen for its outstanding achievements in developing and certifying SME managers. The local government will now offer Tactician preferential policies to help further its work.
Tactician's leadership has also been recognized, as president Sun Ming Gao has been appointed a part-time supervisor of the International Business School at Sun Yat-sen University's Zhuhai campus.
Finally, VCTY management has dismissed rumors about a possible reverse stock split of its common shares and insists that no such split is being considered for the foreseeable future. The company has made raising its share price a top priority. Management has several options at its disposal and viable offers which it's entertaining.
Support and raise the bid folks... Matoutus has the right of it - have to support and raise the bid to reduce the gap and then walk it up buying at the ask... each bid sit buy - brings the stock down... what do you think will make it go up folks? Someone else buying on the ask? Work together to increase the value of the stock instead of sniping it down with bid buying...
IMO - seeing exactly what Matoutus is talking about.
back to .32
Tsk Tsk - buying on the bid - no support... that's no way to make sure that we go into the weekend at .30 and above... dangerous game playing buying on the bid and pulling it back down...
Nice opportunity to pick up some shares for a discount at the moment... apparently someone missed the memo that we may well have a company coming out of bankruptcy this month...
Absurd.. That is exactly what VCTY told me about the OS/AS and where the portion of the OS/AS that was not detailed in the 1 billion for Tactician, 1.5 billion for the hydro and 300 million for the video company. They said the rest were free trading shares...
So the short answer is that the float is larger than stated and they are not going to provide any explanation to us - why would they care to actually seek to build transparency and trust with shareholders?
Thanks for sharing.
VCTY Reply Q4 Financials due End of March 2011
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60058038
Post above.
Sorry to hear that - I thought that might be the case - was a little worried about you there.
Right with you - I believe that we mentioned that you and I ought to take on VCTY's IR job - clearly we can do a better job =)
Can you imagine though - if they did drop their current IR company... I would think that an increase of several hundreds of percents would be justified.
Missed your posts rjviking - you are a stable force and have been for quite some time.
I wish VCTY would be honest - there is no way that we trade 100 million shares a day as we did last month if the float is 164 millions shares - followed by 90 million days etc...
The adequate disclosure from December clearly detailed amounts in the hundreds of millions to other management company.
Note that they sidestepped your float question - they said that the SS was current - not that the FLOAT was correct.
I have the near same response from them as well to my inquiries - they refuse to update the float and deny any and all dilution - despite the adequate disclosure and recent 650 million increase in the OS without explanation.
Disappointing to all.
Proof of dilution - December Filing - Adequate Disclosure - look it up on pinksheets and read carefully and thoroughly.
The Float increased at least by 200 million from the old number of 164 million (pegged to be somewhere around 400 million shares by rough count) - cannot confirm because VCTY has refused multiple times to updated the Float - going on five months now.
OS was never reduced by 1.8 billion as stated on 7.19.2010 due to the hydro merger and video company deals not finalizing - instead that was transferred to another holding company within VCTY and remains in the OS.
The OS increased by 650 million last month without explanation. OS and AS is now at 4.7 billion.
Definition of Dilution is increasing the number of shares in the float and OS - therefore by definition - dilution has occurred anywhere from December onwards as per the adequate disclosure.
The easiest way for VCTY to address this is to explain WHY this has occurred (assuming that it has a positive reason for taking such action). The longer they refuse to address the topic or explain - the less transparent the company appears.
Like it or not - that is where VCTY stands and ignoring the facts does not change reality.
It could be positive for VCTY. Read carefully what I posted - There was no detail - Jim hit the nail on the head - they did not detail what service VCTY is providing in either of the last two PR's in any detail and what dollar amount is attached to this service (if any).
VCTY via Tactician University does not BUILD things - this is not a construction company. It appears that they may be a consultant with regard to synergy of building placement, etc...
VCTY has not detailed any of the services provided and that is what I was detailing - they must explain things - is that too much to ask of a company? To tell one what exactly it is that they actually doing?
Would someone take a job without knowing the job requirements and what the day-to-day responsibilities entail? Then why would folks become excited about these last two PR's without having the detail as to what exactly it is that VCTY is doing with these two new contracts. These may be unpaid services - similar to the opinion that many newspapers, local businesses etc... solicit from local colleges.
We all hope to hear more details and dollar figures about these new contracts within Tactician University.
Propaganda would be only discussing positives/negatives. OR actively seeking to skew conversations to ignore important points that do not appear to benefit the speaker/poster...
This is not the three statue of the monkeys with the hands over the eyes, the ears and the mouth... this is a place for communication and conversation about VCTY.
Look at what the post that you are replying to was composed of - it was based upon the sentiment of amazement that PR's detailing unspecified happenings within Tactician University was not equaling a significant increase in the pps... A rational response was detailed in my post...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60518045
.35 on ASK