semi-retired
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8's are back up!
Would like to see some buys post to finish the week strong!
only two MM's left at .0008 would live to see us break out of those triple 0's today!
GO VCTY!!
I believe they WILL reduce the AS and it WILL happen sometime before 1st quarter financial are filed. That is my WAG for the day!!
FRIDAY TIPS 4-8-11
April 6: Videolocity International, Inc. (VCTY; www.videointernationalcorp.com) 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.
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. 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.
March 31: VCTY published the company's year-end financial report for the 12 months ended Dec. 31. The financial information is available for review at www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=47118.
MICRO TIPS
VCTY
Management offered an update on its corporate matters and its focus on locating a suitable merger partner. The company is hoping to land a solid North American business concept that would attract more investors and increase the share price from its current undervalued status. Talks with an American cloud computing company are moving forward
I picked up a bunch more @ .0006 on Wednesday.
GO VCTY!!!
I'll take that too lucky!
Friday Tips should be out soon let's see if there is any mention of possible merger candidates.
I'd be surprised and thrilled if it even sees .03 again!
He didn'ask me about the possibility of $3
Highly unlikely
Don't look now 8's are up!
Gotcha...great question for IR.
Where are you coming up with that figure?
That could happen but my hope is this is not another HYDRO deal where it gets talked about to death and then never happens. Their (MMMG) credibility right now is and I 'm being kind when I say this...SUSPECT to say the least. Last thing VCTY needs is another failed merger deal with an unknown company be it Chinese or American.
GO VCTY!!
I would venture to guess it should be in the .01-.02 range.
I would love to see some of these zeros start dropping off the pps
"SOON"
GO VCTY!!!
AGREED!!
GO VCTY!!!
laughing...where would your price evaluation stand with this new information?
TIA
GO VCTY!!!
I go to lunch and look what happens!! Awesome News!!
GO VCTY!!!!
LOL...I never said that the straight answer would be a truthful one but it will be easier to discern if it is short and less ambiguous.
You never came out and directly asked for the details of the sale gliding.
Have you tried to submit this specific question to the wonderful folks at IR?
$11 million at last look!
lmao bubble!!
GO VCTY!!
I agree with most if not all of your comments hense my "eyes wide open" comment.
Correction
For the record they have not refused to provide any details yet on the lawsuit settlement to the best of my knowledge. They did state that:
Assuming they settled the suit at full value. But we both know what happens when we ASSume things now don't we?
FRIDAY TIPS
VCTY
VCTY settled a $155,000 lawsuit and believes that there's been an over-reaction in its sell-off. The company intends to release a series of press releases on contracts and accomplishments shortly, as it's the company's sincere desire to see its share price retrace. MMMG will do everything in its power to assist as VCTY is truly a good company and its share values don't accurately reflect its true value.
IMO the only scenario I see that will increase the pps and the overall value of the "company" is a reduction in the current share structure.
eom
Theoretically I would say yes.
IMO they still need to do something with the share structure...like retire a couple billion!
TOTAL ASSESTS $7,173,507
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=47118