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dragon, you may want to look at this Semi-Annual Report for COUV (yes, this is On-T) just released. At first glance, it looks like we may be getting stock for Tact U. unless they're able to finance a cash deal in some other mysterious way. Who knows. The good news is that this particular report went into considerable detail per fins. Unusual, IMO, and WELCOME. See last page.
http://www.otcmarkets.com/stock/COUV/financials
Re: CUSIP
Progress.
Friday Tips_October 8, 2010
VCTY will shortly apply for a name change to reflect its new business.
Friday Tips_October 22, 2010
... in the process of undergoing a name change.
BTW, FINRA isn't responsible for CUSIPs. See the CUSIP Service Bureau.
https://www.cusip.com/cusip/index.htm
A CUSIP number is the U.S. identification number assigned by the CUSIP Service Bureau (operated by Standard and Poor's Corp. for the American Banking Association) for both equity and debt instruments. It is the U.S. standard for identification and facilitates the orderly and accurate trade processing and the ultimate settlement of transactions.
What instances require a change in the CUSIP number?
The CUSIP number is assigned to each issue and may need to be changed when there is a:
Change in company name;
Reorganization;
Merger;
Forward stock split, when payable upon surrender of certificates;
Reverse stock split; or
Emergence from bankruptcy.
Do we have a Bo Derek on our hands?
it is in range where it could start moving back up and will depend upon how strong a support and following this has. Though there are a lot of frustrated investors, this still has a lot going for it and why most are still in; Reduction of the O/S; COUV all cash BUYOUT of Tactician U; True valuation of the magnitude of the merger; Hydro in or out will affect the pps positively.
What Does Bo Derek Mean?
A slang term used to describe a perfect stock or investment. In the 1979 hit movie "10", actress Bo Derek portrayed the "perfect woman", or "the perfect 10".
Investopedia explains Bo Derek
This term was used more often in the early 1980s, after the movie "10" first came out. Nowadays, the name of a more current celebrity, like Jennifer Lopez, might be used in finance jargon.
Friday Tips_October 22, 2010
MMG COMMENTARY: After long negotiations, VCTY finalized its merger with the India-based construction company. VCTY will shortly release its financials and will continue discussions with the China-based hydro electric company. There are many moving parts to this company as it is also in discussions to sell its Tactician University asset, and is in the process of undergoing a name change. There are much upside potential to VCTY, a stock that definitely has a lot of positive possibilities.
LandStar Inc. (LDSR) Withdraws from Cressent Energy Inc. Merger
Beijing, China, October 22, 2010 – LandStar Inc. (LDSR; http://www.landstarcorp.com) management has ceased merger proceedings with US-based oil and gas company Cressent Energy Inc.
After completing due diligence on the Texas-based merger candidate, LDSR management determined that the followers of LDSR do not want Cressent Energy as the second operating subsidiary. This was evidenced by the strong opposition received by the company and the market reaction that this is not the best fit for the company at this time. The company will not proceed with the merger. LDSR continues the search for a merger candidate to complement current subsidiary Hubei Chuguan Technology Co. Ltd., which manufactures vapor recovery units for the Chinese petrochemical industry.
The company will advise the investor public of future developments.
Source: MMMG
Are we looking at the same post?
45423
Assets: No idea what you've asked or received. Nada from me to IR about assets. As mentioned, see bal sheet.
why is assets much smallerv then revenue?
See previous answer. A tight, lean operation is a GOOD thing, not bad.
how can u build pave pay salery etc etc from 3.5 million and last year 2.6?
Rev's vary from year to year.
Sheesh, no wonder IR's answers are so cryptic.
Dig, baby, dig (for the answers).
JCB 3D Excavator-Loader
asets? is it because they aint got any?
See Balance Sheet:
Fixed Assets as of Mar 31, 2009
45,350,302.89 INR = $1,026,954.33 USD
As discussed by posters knowledgeable about construction, it makes more sense to rent or lease equipment.
2007-2008 40,500,000.00 INR = 917,326.93 USD
2008-2009 161,700,000.00 INR = 3,662,512.70 USD
2009-2010 128,500,000.00 INR = 2,910,531.96 USD
Think of it as a holding company. The assets are separate but together, bringing multiple value (sometimes steroidal) to the party. Ideally, for investor psychology, the assets would have some connection to each other, but it's rare for them to work together. It's just another example of smart diversification.
See the reverse-merger rockets list that's floating around.
Here's an excerpt from Monday Analysis_Oct 18th:
Reverse merger stocks are valued for different characteristics than operating companies.
First, the fact that the stock is trading at all, not in the grey market, will be worth something. It takes time and expense to get a new stock listed for trading. If the stock is on the OTCBB, so much the better, more value.
Second, the size of the shareholder list can be an asset. If there are 1,000 shareholders, for example, that gives the company a pool of already interested investors.
Third, the volume of trading is important. A company is merging with a reverse merger shell primarily to raise money. The investors who will buy stock privately will look at the public market as their exit strategy. If there is no volume, it is not much of an exit. With volume, more money can be raised and the shell is therefore more valuable.
Fourth, the buyer will naturally look inside the company at the assets and liabilities, including potential liabilities.
There are of course many other factors, too many to list here, that give value to reverse merger shells. The point today is that a relatively clean shell that is already trading, with a decent shareholder list and volume is worth money, even though it is just a shell.
Darn good start and it's a sticky.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55685820
VCTY Completes Merger with Avtar Singh Construction Co. (P) Ltd.
HENDERSON, NEVADA, Oct 19, 2010 (MARKETWIRE via COMTEX) -- Videolocity International, Inc. has acquired a new subsidiary: Avtar Singh Construction Co. (P) Ltd. (ASCC). VCTY management is excited to announce the successful completion of the merger with a company that offers great potential on the Indian market.
With ASCC merging into VCTY, the VCTY management sees a great potential in the size and revenues that the company subsidiaries offer to VCTY and the shareholders. The total revenues of Tactician University in 2009 reached $6,2 million USD, with profit of $2.4 million USD. 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 Tactician University and ASCC represent total joint revenues of $9.69 million USD for 2009. Companies of this size, such as VCTY just became, have a greater agility, and more opportunities open for them on the markets as they gain footing. VCTY management hopes the shareholders and the public will appreciate this stunning growth of VCTY in recent months.
ASCC has executed various projects of national importance in India, including construction of national highways. The company recently successfully bid for the contract to complete 70% of the new international airport slated for construction.
VCTY intends to soon undergo a name change to better reflect its new core business.
pasha, thnx for L2.
!
http://ihubl2.webfreehosting.net/
Curious about your StatCounter. Tons of hits or just a few? Or does it measure something else?
Think like a crook.
This is a real head scratcher, but could it be as simple as the MM's maximizing their percentages?
I have been trading pinks/OTC for almost 12 years now and I have rarely experienced seeing my orders at the ask sit for 10 plus minutes and not fill, then slowly get filled at the bid or below. The few times this has happened to me, the stock ended up going on a massive run.
The makers are creating a false market by doing this and while I am not 100% certain about the reasons for these tactics, I feel quite confident that it is going to play out like the others I mentioned.
Filled below the bid? It could be because the MM shorts your order at the ask and fills it (covers) at the lowest bid he thinks he can get away with.
Ex.
Ask .005 Bid .0046 -8.0%
Ask .005 Bid .004 -20%
Significant difference.
The lower price works for you but it skews the market, and appears to be a clear violation of SEC/FINRA regs: Bona-fide market making does not include activity that is related to speculative selling strategies or investment purposes of the broker-dealer or that is disproportionate to the usual market making patterns or practices of the broker-dealer in that security.
I like the massive run part, though.
IMO
Shakespeare, they're not.
You guys need to stop relying on IR. They answer everything literally and don't form sentences. Their response simply follows the scenerio you created in your question and means in the case of the hydro merger falling through the shares will be adjusted. We know this already. Merger is still on the table- IR did not confirm your scenerio and has never said it is OFF THE TABLE
Thank you for the reading comp lesson. Ummm, not my post or scenario. It was yet another open-ended answer and that's one reason why a msg board is valuable; interpretation and opinions about imperfect information. Agree that hydro is STILL on the table.
Hmmmmmmm, not so fast.
Ninety min's later, hydro merger is still in discussions.
With hydro off the table will the shares issued to them be retired?
Wed, Oct 20 2010 12:51pm - Jeff Allen
Yes they will as prviously PR'd but no timeline has been given. Spread the word!
JA
Wed, Oct 20 2010 2:46pm - Michael S
Is the Hydro deal looking closer to being a yes or a no, and are we still not allowed to know the name of the company?......No news on that. The merger is still in discussions.
start paying attention to the way NITE and ETMM handle our VCTY
How do you see the pattern? Details are much appreciated. Many posters have noted that NITE and ETMM frequently work together.
Usual pinkie MM Ax's are NITE/ETMM (they often work together) and UBSS.
Gross work 2007-2010
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37262
Excellent currency convertor
http://www.xe.com/
NITE says thanks for those .004's hehe hes dooping a lot of suckers today and taking those cheap shares which he will later resell sell for double
One of those 4's, partial fill, was my BUY reported as a SELL. The bal of the buy didn't even show up on T&S; probably will be reported in a T-trade. How many times have we seen this? These aren't mere games. This is MM disinformation, IMO. Once they jerk it down to .0035, VCTY will head north.
IMO
It was in that huge PDF
Dams and power projects.
As builders to the nation ASCC (P) Ltd. has made concrete contributions by designing and constructing roads, bridges, dams, highways, high-rise structures and power projects.
Const. of Ash Dykes in GGSSTP Thermal Plant, Ropar (Punjab)
http://wikimapia.org/13765297/Ropar-Thermal-Plant-GGSSTP
This site is a national temple of power genration set up by PSEB.
This plant is spread on 2050 acres. generating capacity of this plant is 6X210 =1260 MW
ASCC has built hydro dams before? That's interesting news. Link?
mimurray, interesting post.
The obvious question here is why would the stock be backing up on good news like we had today?? The answer to that question is that there are more people that are trying to buy shares at the BID price, than there are people trying to buy shares at the ASK price. When this happens the MM's move the price to where the pressure is.
And now for a dose of reality. Your point is valid, but how do you reconcile a buy/sell ratio on the buy-positive side with a negative (-3.33%) return?
Today: Buys 13,782,468 / Sells 9,674,960 / ? 915,550
Why, last Friday, can we have a roughly similar buy/sell ratio with a dramatic 83.33% gain?
Fri: Buys 20,460,066 / Sells 14,699,795 / ? 1,118,390
Is supply & demand no longer valid in the Pinks? Should we chalk it up to MM games? Is Mercury in retrograde? There must be more to this story than we know.
Thanks for any thoughts, guesses, opinions.
Buys 13,782,468 / Sells 9,674,960 / ? 915,550 e/m
SEC unanimously approves use of corporate blogs to meet Reg FD requirements
Thnx for the link. Here's more info in non-legalese.
http://www.zdnet.com/blog/feeds/sec-unanimously-approves-use-of-corporate-blogs-to-meet-reg-fd-requirements/164
July 30, 2008
Excerpt:
The Securities and Exchange Commission today voted unanimously to provide new guidance that allows public companies to use their Web sites and corporate blogs to meet Regulation FD’s public disclosure requirements.
Many companies have long recognized that pushing out a traditional news release via a wire service (such as PR Newswire, Business Wire, Marketwire) is an almost antiquated approach to try to obtain news coverage. Simply, many have been forced to issue via news release only to meet Reg FD requirements. With the rising costs of commoditized basic news wire distribution (not to mention additional charges for public companies to meet Reg FD requirements) if leveraged cautiously public companies currently using this method could see some significant cost savings in their marketing budgets.
More than that, the social media news release (SMNR) that Brian Solis has spoken very publicly about has been caught in a bit of the crossfire between “old school” public relations and business professionals and the social media pushers who desire to make news releases more interactive. This guidance by the SEC could make the SNPR more relevant — especially since it can be issued solely via corporate blog — allowing marketing teams to even further cut back on spend via traditional wire services. As an aside, some of these wire services charge more for a SMNR than a traditional press release.
Bottom line? If used carefully, this new method of disclosure could be a boon for social media allies, as well as public company marketing budgets and Web presence alike. However, the wire services are likely going to suffer a bit of a loss.
No trading halt planned.
What happened to the idea that trading would be halted and the price would be adjusted ...
Email from IR:
> Trading halt still planned? ..........no
Msg: JA has told me a number of times that the stock will halt all trading for a short period of time to adjust the PPS. He said that is the plan.
I realize that this has been repeated on a lot of boards, but it's a myth. However, I'd like to be proved wrong. Credible source?
Place you sell orders @ a very high price.
Best thing to do is not lend your shares to the MM's or block shorters. This only applies to margin accounts, not cash accounts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46591984
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Gap 2 filled.
Gap 1 on the way. This is trading just like Sep 27-29th, IMO.
Maybe they're not releasing the hounds because they're waiting for confirmation on some additional nugget to add to the PR. Wondering out loud.
MM's shares have decreased significantly
www.otcmarkets.com/pink-sheets/marketActivity/market-maker-info
What do you mean? Link is $/share volume of overall mkt. Any trends or info on specific issues?
India prepares for its largest-ever IPO
Maybe slightly OT, but the focus on India, the credibility of a large IPO - $3.43B - could be good for VCTY.
The much anticipated and likely hotly contested $3.43 billion Coal India initial public offering, the country’s largest yet, is all set to open to investors Monday, in what is an extension of Asia’s newfound dominance in the global equity capital-raising party.
Yes, you have to assume max capacity. You also have to assume growth, which is a fairly safe assumption with China. Again, it's not 80K people. It's 80K users, consumers to heavy industrial users.
Also, the example I cited was real. The figures probably aren't seriously dated because of the nature of hydro. Massive upfront costs. Fixed costs and steady revenue stream thereafter.
Tianshengqiao First Stage Hydro Power Station, with an installed capacity of 4×300MW, went into full operation in the year of 2000. Its electricity sold to the network in 2001 was 5.084 billion KWH. The construction of the station began in 1991 with an investment of 9 billion RMB Yuan by its four shareholders.
Frustrating exercise, but different ballpark conclusion.
Hydro: My best estimate is rev $20,800,000 USD per year for a small (50MW) hydroelectric installation. See below.
hydro company that services 80k people in China would only be a couple mil a year in revenue.
The 80K figure is for users, not people, which means different rates for 2-3 tiers - consumers to heavy industrial - depending on the area of China.
As you've probably discovered, China has a LOT of small hydroelectric installations, which are usually defined as under 50 megawatts of capacity. By contrast, the Hoover Dam is 2,080 MW.
So the question is, what is the planned, installed capacity for 80K users? I suspect it's on the small side, but wish we knew the MW.
Maybe apples & oranges, but actual rates for the North China Power Grid:
> Big industrial users $0.0877159/KWH USD
> Ordinary industrial and commercial enterprises $0.113973/KWH USD
The Tianshengqiao First Stage Hydro Power Station, with an installed capacity of 4×300MW, went into full operation in the year of 2000. Its electricity sold to the network in 2001 was 5.084 billion KWH.
So let's assume our China Hydro is a medium-sized installation at 1,200MW. If it sells, say, 5 billion KWH @ an avg rate of .10, that's $500,000,000 USD.
If it's a small 50MW installation and sells 208,000,000 KWH @ .10 (4.16% of above), that's $20,800,000 USD per year.
IMO
what is the new Finra rule on pinks?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55614907
FYI: Tactician Group
Pretty fancy honors and diplomas on the wall.
http://www.flickr.com/photos/53991223@N06/sets/72157624899573767/
Yesterday was an important day.
Rule became effective on October 15, 2010.
Funny how NSS/naked shorting/FTD's weren't a problem, then maybe a problem, then a really big problem, and how it took a bunch of dedicated people wearing little tin-foil hats to make a change.
Fortunately LDSR is ok at the moment; zero FTD's.
http://www.sec.gov/foia/docs/failsdata.htm
Current Fails-to-Deliver Data: First half of September 2010
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Wish we could take a peek at the MM's inventory. Hoarding their shares to sell later? No idea. Just another example of a tilted playing field.
PR's are usually released after 11:15 AM, which is good for the west coast crowd. Not a given, though. PR's, as you know, have been released at weird times, even Fri A/H's.
This line cracks me up.
FINRA's finally learning, fighting the tricks.
FINRA reminds firms that they must report trades as soon as practicable and cannot withhold trade reports; e.g., by programming their systems to delay reporting until the last permissible second.
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9181
SEC Approves Amendments to Require Reporting of OTC Trades in Equity Securities Within 30 Seconds of Execution; Effective Date: November 1, 2010
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As you know, a non-reporting company means no or minimal reporting of financial statements, etc. to the SEC ... sitting ducks for corrupt CEO's as well as other crooks. Counterfeit shares soon followed. Now the SEC and FINRA are finally serious about fighting them with accountability. Hope this answers your Q.
the term “non-reporting threshold security” means any equity security of an issuer that is not registered pursuant to Section 12 of the Exchange Act and for which the issuer is not required to file reports pursuant to Section 15(d) of the Exchange Act: