Greetings AFXM,
IASCA still has some oil wells that generate minimal revenue. Before that, they were a communication company. Overall, IASCA has been in the small company start up phase for a while.
Last year, IASCA had a PR along side GOOG. That is how I first notice them. They bought the first 20% option for Video1314. Video1314 is more than just Facebook. It is wrapping facebook, youtube, ebay and ect all into one website. Their primary focus for the last 1-2 years has been building content, having people upload their videos. It seems that number of hits/month is growing. I hope this translates into revenues.
The name might be confusing because IASCA is a Canadian company that bought into Video1314. IASCA management stopped at the 60% option mark because after that they would loss control over the company. What I mean be that statement is that every option buy in, IASCA hands over 10M shares to the owners of Video1314. Presently, the owners of Video1314 have under 50% control of the company (30M shares of the 70M total). There was a PR some time ago that they wanted to change the company name to IAS communication and then another PR indicating changing the name to Video1314. Neither name change occurred. I think if Video1314 does become very popular than we might see a name change in the future to better reflect the business.
So how did you discover IASCA? What are your thoughts on IASCA?
Cheers
AI
