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Re: RonnieD post# 1192

Friday, 11/20/2009 5:07:34 PM

Friday, November 20, 2009 5:07:34 PM

Post# of 2794
RonnieD...new business direction for VOIG.....

"potse, a couple of us have seen a .pdf file from frank over the summer. kind of an outline of what Velocity is going to consist of when this is fully setup. One part is indeed "the Australian company". what is the r/m on the Aussie exchange you're talking about ? give more info on that and i will share the .pdf"

The Australian company I was referring to is Maverick Energy (see link below). However, at this point it appears to be a moot point.

Based on the information in the "subsequent events" section of the latest quarterly filing regarding change in control, it would appear likely that VOIG will be going in an entirely different business direction. I'm not entirely sure but it is probably something in the travel and/or software industry, judging by the name of the entity and the background of at least one of the people involved. Initially, it doesn't sound particularly exciting if that is indeed the direction, but it is kind of interesting that Frank Jacobs has agreed to a one-year lock-up on all of the shares he currently owns.....

Frank Jacobs, the Company’s current Director shall have entered into a lock-up agreement, approved by Travel Engine, pursuant to which Mr. Jacobs will agree not to sell any Company securities for a period of one (1) year.

Also interesting to note that the Capersia promissary note has been sold to two other entities.....

On or around November 10, 2009, Capersia sold its entire interest in the Note (as described below), which had an aggregate balance, not including any accrued and unpaid interest of $11,764 as of September 30, 2009, and as of the date of the note sale, each to Cascata Equity Management, Inc. (50%) (“Cascata”) and Seven Palm Investments, LLC. (“Seven Palm”) (50%).

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=MRK

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