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Re: Phantom_Trader post# 662

Tuesday, 04/05/2011 6:55:52 PM

Tuesday, April 05, 2011 6:55:52 PM

Post# of 54208
They intend to make money with those shares - VCTY first stated that they would be making a few million with this sale and would be sharing the proceeds with shareholders via a share buyback program (since canceled) then stated that they would be issuing dividends (cannot - VCTY is not a reporting entity). Now see VCTY's official comments on the subject:

http://www.tradingmarkets.com/news/press-release/vcty_vctye_videolocity-international-inc-vcty-sale-of-india-subsidiary-1453573.html

The sale will complete on all stock basis and could yield VCTY several million dollars in profits.

And you probably never will know the nature of those shares - they like to keep things vague and uncertain. What exactly is the float here? No one knows.

Need to look into ASCC very closely EVDR does not own all of ASCC - only 1/3rd of the total ASCC company.