Videolocity International Inc (VCTY)

[rjviking]

FRIDAY TIPS

VCTY

The long expected sale of ASCC has closed and the company has a sole main subsidiary: Tactician University. Management is looking into acquisitions, but we don't see it being in a hurry. The company is well-managed, with solid revenues and news coming in. Several merger negotiations have been publicized and are still on the table, but investors will have to wait to make a merger play.

Last week the O/S count on Pink Sheets briefly changed to just under 500 million, and then it changed back to more than four billion shares. What happened? And why the increase in the O/S?
Please read the Adequate Disclosure. The company has secured cash from several accredited investors for its merger aspirations. In other words, part of the new merger will be paid in cash.

Shareholders are starting to become aggressive in asking about the reduced share price and lack of updates on different mergers that have been announced months ago. They're looking for the company to adequately address these issues in detail.
This will be addressed shortly in separate news releases as the mergers come to fruition.

Investors have been inquiring about the details of the ASCC sale. Did it sell for 800 million shares?
Yes. This will be addressed shortly.