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I did inquire, that's how I know the shares held by Minaco are held in trust for future acquisitions and that the Tact. Univ. deal was done with shares taken directly out of the ones held by Minaco. They also stated the following
"Why would the disclosure statement quantify shares in escrow for the hydro deal if it was too early in the negotiation process to name numbers?"
Doesn't matter whether I care or not, that wasn't the issue. My response was to your statement
"No Hydro merger expected since no hydro shares are in escrow"
showing that the Tactician merger was done with shares from Minaco (held in trust) which are being used as if it was in escrow just like any for a possible Hydro deal. Just trying to highlight your statement was intentionally misleading as the deal could be done even without an escrow account active.
The shares issued to the University for that purchase came out of the shares that were being held by Minaco (in trust for future purchases and acquisitions). If Hydro was to happen, the same thing would happen, shares would come out of that trust in the same way as they did for the University.
What info do you have about Ameta profits? All I have seen so far is revenue and nothing about large profit.
We merged with the construction arm of ASCC, like I said that's been known all along.
That info about only 1 part of the 3 parts has been known since the merger
What did this response mean then?
They submitted an initial disclosure and the attorney is still going over the letter.
The way I read that response was that they had yet to submit the letter to the powers that be to get the status changed and that it was still in lawyers hands even though we saw it.
Q. Was the attorney letter submitted to allow the status to go from "limited information" to "current"?
When was this done?
A.They submitted an initial disclosure and the attorney is still going over the letter.
Or to the MMs delight, someone specified to sell at market price.
That would be the case IF they had to cover (which they are supposed to do) but the failure to deliver numbers come up when they fail to cover them in the time they are supposed to. The MMs seem to have total freedom to cover whenever they want.
Not enough people have accidentally stumbled on the website or the VCTY financial filing
I do not believe that there will be any financial PR coming as per MMMG response to me
"Financials will be posted as filings...that is it"
I believe Marc Pintar is heavily involved in numerous MMG stocks, and if that is true, he wouldn't assist much in getting rid of them as he is their guy inside.
IMO
It said several days after gathering the numbers which they are in the process of doing.
I think they meant that it wouldn't be an official quarterly or official 6 month financial filing because they can't include ASCC in the official one. I would assume that an official quarterly for VCTY with non-ASCC numbers will be filed also. But we will need to wait and see how widely they release this one. Hopefully they will get it out where many new eyes can see it. JMHO
Anyone going to guess at the interpretation of "shortly"?
Their last report was 1M+ for 6 months not a quarter. Hard to say how much if any that may have grown this past quarter until the Quarterly report.
I agree, there is alot more going on that we don't know anything about. Why would they sell a company generating 2M+ in profits and keep a comapny that has reported 3.69M in revenues unless there is something bigger coming with even greater potential. VCTY certainly keeps the investors guessing. Just wish they'd do something to get the PPS up as these things progress instead of the constant movement that leaves everyone guessing.
Maybe you should try hoping that they don't release financials for next 6 days LOL
Thu, Oct 28 2010 4:44pm
According to a supplemental PR released by COUV:
"To date no acquisitions have been identified, targeted or contacted and no discussions are
underway."
if that is true, is the proposed sale of Tactician University to COUV from VCTY off the table?
Thu, Oct 28 2010 5:10pm - Michael S
As of this point, nothing is in discussions.
Michael
or the site was hacked and bombarded using up the bandwidth
Question to MMG:
According to a supplemental PR released by COUV:
"To date no acquisitions have been identified, targeted or contacted and no discussions are
underway."
if that is true, is the proposed sale of Tactician University to COUV from VCTY off the table?
Answer:
As of this point, nothing is in discussions.
Michael
Was actually over $1.1 million for the 6 month period ending last quarter not for the last quarter
Assuming $2M profit and even using the total AS count of 4.88B (instead of OS) and 20x PE we should be at .008+. So for me it's a no brainer that the current prices.
It's interesting in that document that they state they are not in talks with any acquisitions nor have they identified any.
True for the Tact quarterly, but that is what hasn't been posted yet and that was your question.
However, JA in a previous response somewhere on here when asked when the quarterly was due smartly remarked..you can see when we posted them last quarter, you do the math (paraphrased since I don't have the exact posting)
But, the cost of the ASCC merger should be known to all of us by now. We don't even know the name of the China company but we know what that merger agreement in cost of stock was planned to be.
Tact quaterly, details of cost of ASCC merger, ASCC financials
may want to minor correct this...
So far, 395 Bil is in the O/S and
From your posts I am getting the feeling that you'd like to see VCTY keep Tact Univ. I'm not sure why they'd want to get rid of such a good moneymaker either.
I was stating that because they have continually posted the $6M and $5M and $7M revenues, when only the $3.49M has anything to do with VCTY
But we only merged with the largest sister company
News about website update is out but I am not seeing any changes, anyone notice anything different?
I submitted a quetion about the discrepancy between the merger release and the company profile about 1 vs 3 companies and the REVs, will post the response if I get one.
So are the sister companies part of vcty now or not? If they are, why did they explicitly say they are NOT merging?
Does anyone have an explanation about why the differences between the company description and the merger news release?
REVS don't match? are there 3 companies in merge or just one?
From company description:
Avtar Singh Construction is one of the major developers in Chandigarh, India, with strong ties to the local community and municipal governments. ASCC owns a total of three different companies which run into various fields, namely roads and highways, real estate and leasing/financing, and offers revenues in the range of $5 million USD. ASCC has executed various projects of national importance in India, including construction of national highways
from merger news:
Avtar Singh Construction, the largest segment of three sister companies (involved in Road & Highway, Real Estate, Leasing/Financing) reached annual turnover of $3.49 Million USD (The annual turnovers of the 2 sister companies not merged into VCTY reached 2.61 Million and 0.87 Million respectively)
Why state that they are not merging then?
if that is the case why would they specify that they are not merging then? I don't know I'm just trying to understand it.
Are you saying that Avtar has 3 companies and two sister companies? The way I read the quote below is that there are 3, one in Road&Highway, one in real estate, and one in Leasing and that we only merged with one. But I can see that it could be interpreted either way.
"Avtar Singh Construction, the largest segment of three sister companies (involved in Road & Highway, Real Estate, Leasing/Financing) reached annual turnover of $3.49 Million USD (The annual turnovers of the 2 sister companies not merged into VCTY reached 2.61 Million and 0.87 Million respectively)"
The new business description on pinksheets.com is misleading about the 3 companies in India without stating anything about the fact that we only merged with the major 1 company of these 3.