Videolocity International Inc (VCTY)

[glidingone]

3.25.2011 - Friday Tips: Lawsuit

VCTY
The U.S.-based lawsuit regarding the company's operations years ago (before the Tactician merger) has created a selloff in VCTY. Although this is a substantial claim, it hasn't been proven and a judgment from the U.S. to extract assets from China would be extremely hard to enforce. A U.S.-based lawyer has been retained to settle this matter. We don't see it as a major issue. We inquired with the company regarding the suppressed share price due to the selloff and received a reply that, "It just makes it that much less for us to buy more of our company back." The details of the lawsuit are available at www.min...rgroup.net/support/index.php?_m=downloads&_a=view.

Link cannot be detailed in full as it contains the name of a company that is not allowed to be posted - you must review the original VCTY/MMMG Friday Tips email to view the full link.