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I am figuring that out for myself too.
Why? Other assistants removed too.
I am very long this stock, so not trying to be negative. Just want to know what we gave up to get MMU.
A contolling interest in VRGD given up however. Does this double the shares outstanding? What about the name change?
Thats a good find. Do you know what day it was circulated?
But in the meantime 3.7MM shares sold on the bid today. I hope you're right though cuz Xmas is coming and baby needs a new pair of shoes.
It doesn't matter how thin it is, if no one is buying it won't go anywhere. Everyone is expecting news, now that November has gone by. Until that happens we will stay in this rut. JMHO
I tried in the am and pm with no luck. Your guess is as good as mine.
Has anyone been able to contact IR ? I have tried twice this week with no luck.
Did I say 5MM ? Actually 8MM now. 3 x 5.
We are getting hammered today. Almost 5MM shares, most on the down tick.
Thanks.
I agree 100%. Trying to stay positive though.
They are working on other deals. Spoke to the company last week for an update. Some good possibilites in the works. And the quarterly is being finalized as well.
That unfortunately there aren't any buyers. Its days without selling pressure that we could be gaining some ground.
It amazes me how we trade millions of shares one day and the next we trade 50,000.
GM, did you talk to the IR guy?
My mistake, I was referring to the posts from yesterday.
Whats with all the deleted posts again today. I feel like I live in communist China.
Looks like we are coming back to life. More volume and upticking.
I hesitate to say anything because the last time I posted a possible PR, the moderators deleted my post.
Ask him about a possible deal with Warner Bros.
So many of the regular posters have'nt spoken in quite a while. I guess there just isn't much to talk about lately.
15 MM shares of volume, mostly down ticking is not giving me that warm and fuzzy feeling I had hoped for. This is some cause for concern IMHO.
So much for the new IR group.
Someone just bought 50 cents worth of stock. LOL
500 shares at .001
Hopefully this new IR group will get this message across.
Is this good news or bad? I don't think I fully understood the MPAL deal anyway. What did we give up to acquire it?
NEWS
VERIDIGM INC (U-VRGD) - News Release
Veridigm Terminates Dilutive MediaPal Purchase
2008-10-28 10:28 ET - News Release
LONDON -- (MARKET WIRE) -- 10/28/08
Veridigm, Inc. (PINKSHEETS: VRGD) (FRANKFURT: VRGD) (STUT: VRGDSG) (XETRA: VRGD), a UK based investment Company, today terminated its investment in MediaPal Inc. (MPAL), and has retained Taylor Capitol, Inc. as their investor relations group.
Taylor Capitol, Inc. has a deep network of connections in the investment community. This network ranges from Retail Brokers, Fund Managers, Analysts, Investment Bankers and Senior Level Management Consultants.
Veridigm's President Gary Freeman stated, "Upon discovery of the full liabilities that MPAL has carried from 12/2006 to the present, VRGD majority elected to terminate this agreement as is our right under the Agreement. The MPAL Stock Purchase Agreement was terminated by VRGD voting majority effective 10/24." Mr. Freeman further stated, "We look forward to completing our acquisition of Mobile Media Unlimited. This acquisition is anticipated to increase our rate of growth and provide an additional stream of revenue from a high demand industry."
About Veridigm Inc.
Veridigm, a UK investment company that provides merchant banking services to niche private and specific microcap public companies seeking debt and equity capital and/or to be part of a diversified, equitable, resource sharing, business combination. Specifically, the Company identifies specific private and public companies and assists them with managerial, accounting and financial advice and assists in refinance and / or raise adequate capital by introducing potential investors and lenders. The Company's policy is to calculate its voting capacity on a fully diluted basis. The Company at all times will conduct its activities in such a way that it will not be deemed an "investment company" subject to regulation under the 1940 Act.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance
Contact:
Taylor Capitol, Inc.
Investor Relations:
Stephen Taylor
(973) 351-3868
Its encouraging to see more buy volume than sell volume today.
Isn't the purpose of this board to discuss opinions? If you keep wiping out out posts then basically only "YOUR" opinion is being made.
That means that the stock would be rolled back (reverse split) and new stock issued to the MMU people. Essentially wiping out us small guys in the process. But like G Money says, no point worrying about it until we know for sure.
I hope so too. But not likely. What worries me the most about any stock deal is that the vendor may want post consolidated shares, and you know what that means.
Has anyone given any thought as to how much stock we will have to give up to get this deal? The PR said it will be a stock deal.
Sorry, my mistake. I guess it was wishful thinking on my part. Have to wonder though, about this big volume the last two days, just before the acquistion deadline of Oct 17. Thoughts?
You guys keep talking about BIG NEWS. Do you have any info to share with us? I have spoken to IR in the past and they don't give out too much info. Enquiring minds need to know. :)
I agree. I am not sure why everyone here is so upbeat. I mean, we trade over 10 million shares and we're down 45%. Not a good sign. I'm only long $2500 worth so I'm not too worried, but some of you other guys sound like you have invested alot more than that. I think you should be concerned. JMHO
I agree. However I have been told by the company that they are still negotiating. Until I hear otherwise I will remain positive.
Spoke to IR yesterday and the company is still negotiating an extension with the vendor. No time line given.
I think that is the major problem. If the landowner gets frustrated with the time this is taking, they might not grant the extension. However the last extension was not free, as I'm sure this one won't be either.