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What's the loophole?
There is a loophole in the rule, sister. MMMG and many other management company tend to have the company transfer or sell them the shares at .0001. This is the way most company dump on the market without having to report to SEC.
Transfer or sell restricted shares at .0001? Link? Fortunately the SEC has changed the rules with restricted stock and Rule 144 sales. Not as easy as before, but I'd still like to know any loopholes. So far, looks like you're blowing smoke.
I asked IR about this recently:
Nov 4, 2010: Once again, VCTY down another -12.00% to .0022. Doesn't appear to be retail selling. Someone, Far Niente Capital (?), demanding to get paid?
Thank you.
Noooo way!!!
They are prefered shareholder. They have not converted 1 share!! They just financed this.
BTW, Anti, any thoughts on Oct FTD's? 78,293,087
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56712098
Fails to Deliver Oct 2010 78,293,087
As you noted, your figure was for the 1st half of Oct. Looks like failstodeliver.com is slightly lagging. Interesting graph, though.
Failures to Deliver 10-14-2010 (over 14 million):
Total fails for Oct were 78,293,087.
http://www.sec.gov/foia/docs/failsdata.htm
Report for the first half of October 2010
cnsfails201010a.txt
20101001|92658Y206|VCTY|5301|VIDEOLOCITY INTERNATIONAL INC-|.
20101006|92658Y206|VCTY|3372|VIDEOLOCITY INTERNATIONAL INC-|.
20101012|92658Y206|VCTY|59864|VIDEOLOCITY INTERNATIONAL INC-|.
20101013|92658Y206|VCTY|20864|VIDEOLOCITY INTERNATIONAL INC-|.
20101014|92658Y206|VCTY|14534483|VIDEOLOCITY INTERNATIONAL INC-|.
Total FTD's 1st half Oct 14,623,884
Report for the second half of October 2010
cnsfails201010b.txt
20101015|92658Y206|VCTY|20380320|VIDEOLOCITY INTERNATIONAL INC-|.
20101018|92658Y206|VCTY|43180073|VIDEOLOCITY INTERNATIONAL INC-|.
20101019|92658Y206|VCTY|9910|VIDEOLOCITY INTERNATIONAL INC-|.
20101021|92658Y206|VCTY|8565|VIDEOLOCITY INTERNATIONAL INC-|.
20101025|92658Y206|VCTY|90335|VIDEOLOCITY INTERNATIONAL INC-|.
Total FTD's 2nd half Oct 63,669,203
VCTY/Total FTD's Oct 2010: 78,293,087
That said, it's important to note that VCTY is NOT on the Reg SHO/Rule 3210 list, which means that those nekkid shares have been covered.
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold
If there's a way for the MM's to naked short and avoid the Reg SHO/Rule 3210 list, pls yell (ex-clearing comes to mind, but who knows).
If somebody wants to take a stab at the total dollar vol derived from NSS based on the dates above and trading ranges, great. Might be an interesting figure.
Trying to look on the positive side, apparently the MM's would rather risk naked shorting than selling from their inventories, assuming they have inventories. If there's a blockbuster announcement, they don't want to get caught with the cookie jar empty.
IMO
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*Star Question*
will the PPS adjust with the actual profits of the company?
It's also the most frustrating question.
Pinks are primitively valued at O/S x PPS. If the O/S is sane, NOT in the billions, and/or closely held (NO block shorters. NO selling by previous mgt., etc.), then the company has a chance of seeing its true valuation instead of the severely discounted share prices seen in the Pinks.
If you can do a company valuation based on rev, assets and other adult criteria, then you can do the math and figure out what an ideal O/S would be.
IMO
News: Shuangshi AHP Co.'s (HIRU) Production Line and Workshop
NANCHANG, CHINA, Nov 11, 2010 (Marketwire via COMTEX) -- Hiru Corporation subsidiary Shuangshi AHP Co.'s new production line and workshop are in their final stages. The new equipment is being put in place.
The company announced on June 17, during the second annual Shuangshi AHP Co. board meeting, that the management decided to invest and expand on the company's vaccination production. Since then, the company invested $3 million RMB into the development of the two new production lines: a line for large volume injections and a line for injection powder.
The next step of this project will be to install the air purification system necessary for these production lines. The air purification system is required for a successful operation of these volume and powder injection production lines.
The company is pleased with this progress of this project and looks forward to future growth.
FWIW 2
COUV: FWIW I'm told they have a lot of backing lined up from some heavy hitters in the NYC Financial district
COUV has a long string of Offering Statements (Reg A's) so I wouldn't be surprised if they're drumming up cash for Tact U.
sheesh, what a reach.
So http://www.sensorsystemsolutions.com no longer redirects to the Ameta website? Big deal. Why not confirm that Ameta has been around for years?
Domain name: ameta.ca
Creation date: 2001/03/01
FWIW??? That's very good news and I'm not surprised. There's plenty of money sloshing around, sitting on the sidelines.
lot of backing lined up from some heavy hitters in the NYC Financial district
Dunno, don't start encouraging, inquiring about dividends. In the Pinks, they can be a TA and FINRA nightmare, plus they're usually taxable. Let's keep it on a cash basis as PR'd.
IMO
Agree and I've posted the same thought in detail: How can COUV possibly buy TCU? No cash and, sorry, not interested in COUV divy's due to FINRA's slow process. However, stranger things have happened. If COUV can find private equity - say, $10-15M, not that much money these days - they can make it happen.
IMO
Why do you think Tact U. hasn't been sold yet?
They're negotiating for fair value, IMO ... NOT dumping or flipping it as you suggest. Let's hear the fat lady sing the terms.
IMO
Great news - talking billions - and they seem serious about it.
... reducing shares by the BILLIONS
PR: The management sees this swift and unprecedented action as one way to breathe new life in VCTY including the share reduction plan, from the proceeds of the sale.
However, are they forgetting the carrot? Why not sell all assets to get VCTY to a sane share structure and leave ONE sweet, performing company, say, Tact U. OR ASCC to generate investor interest, if not excitement.
IMO
Ameta International Co. Ltd
http://www.ameta.ca/index.php
Ameta International was founded in 1997 and is headquartered in Markham, Ontario, an integral part of the Greater Toronto Area. In alliance with the industry leading manufacturers, Ameta distributes digital video surveillance, Card access control systems, point-of-sale, networking security products in North America. Ameta is dedicated to provide with quality components and systems, fast and accurate delivery, exceptional warranty, experienced and knowledgeable sales and technical personnel - all at competitive pricing.
Ameta is proud to do business with the thousands of VARs, system integrators, dealers, national and regional retailers and consultants from coast to coast. Honesty and integrity are integral components of our methods of conducting business. We are committed to create a business environment conducive to build long-term relationships with our customers. Acknowledging that our growth and success depends mainly on our customers perception of us, we are dedicated to make their concerns our top priority. Our sales philosophy is to help customers make informed decisions regarding their present and future business needs.
News: Videolocity (VCTY) in Merger Talks with Ameta International
HENDERSON, NEVADA, Nov 10, 2010 (Marketwire via COMTEX) -- Videolocity International, Inc. 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.
In other news, as previously announced, 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. VCTY is keeping all options open at this point and feels that this is a material change of events that warrants a release to the public. Should Ameta come to fruition, VCTY will also rescind the name change currently in process.
VCTY management is adamant, dedicated and determined to seeing this process through to completion and having its share price values addressed. The company intends to keep investors and followers informed as this situation develops, on a timely basis and kindly requests that shareholders and followers do not contact the targeted merger candidate until after the final announcement is made.
The VCTY management is taking notice of shareholders concerns regarding share values. The management sees this swift and unprecedented action as one way to breathe new life in VCTY including the share reduction plan, from the proceeds of the sale. It appears the market is simply ignoring TCU and ASCC revenues and assets in the current valuation. Henceforth 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.
A what-if ...
What if the sale of Tact U. is partially contingent on its mkt valuation, the pps, instead of its rev's and net, as it should be. It would be in the buyer's interest to drive the pps down. Just a what-if.
LDSR Q3 Sep 30, 2010
See MMMG site.
Rev $2,334,711
Net Profit $573,276
Sep 2010
O/S 3,947,676,982
The promotion with AlphaTrade was supposed to have started but maybe the name and/or symbol change is the reason for the delay.
http://finance.alphatrade.com/companies/
Calendar or FY?
It could be read either way. I vote calendar year 2010, but need to confirm.
year-end projected earnings
Rev's should be more if ASCC's entire fiscal year was included based on this statement: Tactician University and ASCC represent total joint revenues of $9.69 million USD for 2009.
ASCC's assets? Look at Properties in the Pro Forma pdf released today. Info was compiled from a spreadsheet, which in the past has been quite detailed. Who knows, but the spreadsheet may be uploaded at some point to the MMMG site.
Good point; easy to forget that ASCC's FY ends March 31, 2011.
Q4 is the big one for ASCC revenue-wise as well. And that is not included in that filing.
Also, trust that ASCC's fin's will continue to be audited: M.Kohli & Associates Chartered Accountants ("One of the earliest Indian CA firms").
There's still a lot of adult advice up top applicable to Pinks. Good stuff, which we eventually learn the hard way but this is free tuition.
What have you asked? What were the answers? e/m
Wouldn't it make more sense to PR the Pro Forma's - entire company - and mention this Q3 in the same PR?
How many Pinks can say this?
Revenues for Tact U. ONLY - Q3 ONLY: $1,463,846
TOTAL SALES FOR THE NINE MONTHS ENDED September 30, 2010 4,452,368
Net Profit 1,614,193
Retained Earnings 4,997,289
Liabilities 274,047
FYI: TOTAL SALES FOR THE SIX MONTHS ENDED June 30, 2010 2,988,522
Filinggg: Videolocity International, Inc. (VCTY) - Q3 2010 Financials
http://www.otcmarkets.com/stock/VCTY/financials
Shortly.
http://www.otcmarkets.com/stock/VCTY/financials
VCTY Will Provide “Pro Forma” Financials for Entire Company Operations
Henderson, NV, Nov 2, 2010 – Videolocity International Inc. will inform the public on the company financials in an unofficial filing shortly.
The company will provide consolidated financials for both company subsidiaries, Tactician University and ASCC. The filing will show the combined balance and year-to-date revenues.
The company expects to retrieve all financials shortly, and consolidate the financials within several days.
Whoa, enlighten us.
We're still guessing about the U.S. merger candidate, the sale (terms) of Tact U., financials, the list goes on.
Intriguing statement.
HIRU had to clear certain hurdles with Chinese regulators before it could begin making US announcements.
Chinese regulators? Financial or med, I wonder. Products to be distributed in U.S. (wild guess)?
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That's my point. The closed caption co. may be entirely different than the video kiosk co., somewhere behind the discussion scenes waiting until the timing is right. With video streaming coming online to international markets, I would imagine U.S. studios would be interested in captioning in many different languages.
http://en.wikipedia.org/wiki/Closed_captioning
Which dates? e/m
Don't forget Odessa, TX.
Who knows, the U.S. merger-candidate may be in the area. Lots of development according to wikipedia. Too bad they had to stop the rodeo for roping rabbits. Would've like to seen that.
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Daily shorts
Mon 20101101|VCTY|2930681|4602016|O 63.7%
Tues 20101102|VCTY|1942692|2732212|O 71.1%
Wed 20101103|VCTY|925854|3111937|O 29.7%
Thurs 20101104|VCTY|5199673|16302408|O 31.9%
Today (guess) >50%. Right out of the gate, we're down again. Doesn't appear to be retail. Someone wants VCTY down, IMO.
Huh? That's the latest news from MMMG for diff client-co's. See the heading? Maybe it's there because they know there are eyes on VCTY (?)
With a name and possibly symbol change imminent, that is probably why the AlphaTrade promotion hasn't started yet.
See format for direct link:
http://www.alphatrade.com/pr-advertising-gallery.php
http://finance.alphatrade.com/companies/
http://www.alphatrade.com/ads/VCTY/thanks.html
http://www.alphatrade.com/ads/SAVW/thanks.html [Promotion]
http://www.alphatrade.com/ads/COUV/thanks.html [Promotion]
Let's just hope that the U.S. merger candidate isn't in Texas, specifically Odessa. Those boys have probably heard too many Oddesa jokes.
Name and/or symbol change could hit the Daily List any moment or could be days away.
http://otcbb.com/OtherDailyList/
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