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56Chevy

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56Chevy

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Re: Enterprising Investor post# 52

Friday, 10/24/2014 12:33:55 AM

Friday, October 24, 2014 12:33:55 AM

Post# of 84
This is potentially a significant turn of events.

The registrant has also been notified by VCB that its Board of Directors received a letter from another California financial institution expressing interest in discussing a business combination with VCB and, after review, the Board of Directors determined, upon advice of counsel, that such letter constitutes a bona fide unsolicited offer for a business combination and that it would be inconsistent with the continuing fiduciary duties of the Board of Directors not to further explore a possible business combination with such financial institution and to engage in discussions and diligence gathering regarding the same.


Are somebodies "Revlon duties" finally kickin' in?? Better late than never!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105962362






If liabilities are greater than assets, the business is insolvent. Knowing the structure of those liabilities is where to make your money. -- EI2010

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