Victory Oilfield Tech, Inc. (VYEY)

[printmail01]

Very good post from RB (one of the few) :

By: cyofish2
18 May 2008, 12:27 AM EDT Msg. 44829 of 44833
(Msg. is a reply to 44825 by printmail01.)
So Victory or their crony does read the RB message boards I see. What their basically saying in plain English is that it was an off balance sheet transaction. A 3rd party bought the interest and transferred the rights to Victory in exchange for Victory Stock. Sort of a straw purchase in a sense.

Why would a 3rd party do this? IMO, so they can play the pump and dump game with the shares and make a handsome return on their investment. At this juncture it would be hard to believe any 3rd party would spend 1.5 million for legitimate business purposes when it's got JD and Fullenkamp's fingerprints all over it. Particularly, when this asset has been used as a prop for a couple of other pinkie scams already. It just doesn't pass the smell test.

I wouldn't be a bit surprise if VYEY goes pink so they don't have to report so much painful details. LET THE SHELL GAME BEGIN!


All my opinion of course.