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If you look at the company info, a 2bil reduction in A/S has to reduce the O/S as well by almost 2bil
Check news for EVDR. According to their PR that came out at the same time as ours, the ASCC merger is just now complete?!? Our IR company is the problem here... But we all knew that.
I think everyone is waiting for the filing. Until then people still wont trust them. We all have good reason not to.
Anytime lol
I am guessing today... Usually if it is PR'd it happens soon after. Look at the bidwackers...
Is anyone even out there?? Wow no one is watching this anymore..
Quote from PR
VCTY to Reduce Authorized Share Structure by Two
Billion Shares: General Corporate Update
HENDERSON, NEVADA, Apr 06, 2011 (MARKETWIRE via COMTEX) -- Videolocity
International, Inc. (VCTY) (http://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. Therefore, approximately two billion shares that were held in escrow
that would have been used to acquire the hydro company will be returned to VCTY's
treasury.
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.
VCTY 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.
Tactician University is currently VCTY's sole subsidiary. Tactician was founded
in 2001 to train 21st century Chinese leaders in business and government
management. It boasts top post-doctoral research and manages 10 institutes in
several provinces through partnerships with reputable Chinese universities. Some
25,000 students have been trained and 10,000 more are enrolled in Tactician
programs.
VCTY looks forward to keeping the investor public updated on a timely basis as
new developments arise.
VCTY reduces A/S by 2billion shares.. News just out!!
Check this news... HAHA I have to be honest. I finally said F it and sold. That was my 620,000 to start the day... HAHA I am back in with more money.... I never sold a single share of VCTY and as soon as I do we get the news EVERYONE has been waiting for..... You can all thank me for selling, obviously that is why news came lol :)
And buys are still stronger than sells. Anyone that buys IMO should only buy when VERT is on the ask. He has been dictating the game the last couple days.
16s on the ask...
Here's your chance.. Take VERT out for all of us :)
I was worried for a min acc but said screw it and averaged down... :)
2:1 buys vs sells so far.. The day is just getting started
Looks like VERT is playing nice. Walking the ask back up and not being too aggressive..
These bouncer plays make my blood boil
It was expected. Anyone who read their 10Q would have seen that. The PR said they were to use cash and stock for the purchase and since they are cash poor... They needed to sell shares. Just sucks for those up in the .10s
VERT is letting it.. Once VERT gets off the ask IMO that is when we really move..
Not at all... Once they get that power they will start making money. The only catch is they have to somehow finance 14mil. Hence the dilution..
They are not acquiring SMED... SMED trades at $5
They signed a LOI to buy power from them to re sell
Agree, looks the the big seller might be done and know shorts are just trying to make some money. Bid is building as I type
Looks like shorts might be covering...
Small volume pushing it down
RegSHO daily short volume would disagree with you.. 4mil in short sales yesterday.
We don't know what the float is so we really have no clue how many shares we have to "chew" through.
Here is a link
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7602412
A/S is 250,000,000
O/S is 80,000,000
Float: ?????
Looks like I might have to grab some .03s
What about me? Haha jk
They can work but as we have seen are not fool proof. Personally I have made more money focusing on charts then I have fundamentals down here in pinkie land
Not everyone would agree with you on that.
100%
ClayTrader is one that is associated with BullWarriorstocks.com and IMO he knows what he is talking about. We can't always predict what the market will do. IMO he did a good job of analyzing the chart but charts fail, most that read charts know that. Not sloppy or amateurish.
Hola hahahaha
The fact of the matter is that the information MeshGlobal has provided is publicly disseminated information. If the information is fraudulent and the company is a scam I am sure the SEC will figure it out.
IMO The people involved are not that stupid as to post information that will land them sanctioned.
39mil float and at .004?!? That is crazy low...
Edit: Even after the reduction in the A/S if they were to max out the float it would only be 350mil and for a subpenny that is phenomenal.
Correct me if I am wrong but it would be illegal for them to post that if it were not true, right?
I do not think Val is that naive. So IMO this is a very good sign.
I think this would be a good time to bring back the speed test results. I know my Iphone 3Gs in Las Vegas is lucky to pull 1GB down
beachside: There is no proof of unhealthy dilution. Anyone that reads charts can clearly see that.
buys vs sells weren't too far from even today.