Questions forwarded/sent to the shredder...
Many experiences of the same - here is one ticket conversation with VCTY:
Mon, Jan 31 2011 12:23pm
Good day,
The latest PR was somewhat vague - it was stated in past PR's that VCTY was going to use the proceeds (stated to be in the millions) to fund either the AMETA merger completion (which has not been mentioned in quite some time - is there something holding that merger up?) Or the Hydro (which, being an all-cash request now seems highly unlikely).
Which leads to several questions:
a. Now that ASCC is sold - will the OS/AS be reduced significantly? There were 1.5 billion shares allocated as of July for the Hydro merger - seeing as now they want an all-cash offer, those shares will be retired as stated when those shares were issued correct? When will this occur?
b. The 300,000 shares allocated to an unknown video company - as that merger has not come to pass - when will those shares be retired?
Quoting from the filing on pinksheets - July 19th, 2010: after stating the allocations for Tactician University, Hydro and a video merger it states: "Should these mergers not come to a fruition the above shares held in escrow will be returned to the treasury and or the company may without advance notice reduce its authorized share structure."
When should we expect VCTY to keep it's word and retire those shares and reduce the AS/OS?
Also - what is next for VCTY? We have just sold off a company - to what end?
Thank you in advance - I know that I speak for the majority of longs on ihub when I say that greater detail in the PR's about what VCTY is doing and why the OS/AS is still so large would be greatly appreciated (more-so if the OS/AS was reduced as promised on July 19th.
Mon, Jan 31 2011 12:57pm - Michael S
I will forward these questions.
As for whats next: Any future plans will be discussed in PRs or filings.
Mon, Jan 31 2011 1:11pm
Thank you,
When can I expect a response to those questions that you have forwarded? In the past - I have received responses stating that my questions were forwarded and months (three to be exact) have passed by without and response. Is it VCTY's intention to be less than forthright with it's shareholders? Why would VCTY not desire to follow through with their stated action of retiring shares should a merger not occur?
Thank you for your time,
Alan
Mon, Jan 31 2011 1:14pm - Michael S
You will not receive a response from me. I forward questions and answers are provided via PRs, filings, and newsletters(including Friday Tips).
Mon, Jan 31 2011 1:24pm
Thank you for prompt responses today - I hope to see a full PR/and filings in the near future detailing all of the answers.
Alan.
