Victory Oilfield Tech, Inc. (VYEY)

[SweetBlackCrude]

I thought a fully reporting company was required to file an 8K when there is any material change in the company???

"The Corporation will now be able to place approximately $10,000,000 in value on its books for this production."

I would think this "acquisition" would represent a material change to the company...or maybe I don't know what I am talking about.....

How can a company with no cash, no verifiable assets, and never a single cent in revenues acquire an asset worth $10,000,000????? I guess that is why Jonnyboy is the CEO.

Or maybe he forgot to tell us that the $10,000,000 asset came with $12,000,000 in liabilities???? Interesting how he tells us about the asset, but fails to disclose how we got it, what we paid for it, and where or what it is????? Real responsible press release from an equally responsible CEO....NOT!!!