Friday, May 13, 2011 12:41:13 PM
Question:
Last Friday's Tips mentioned that the 2 billion shares were in a spool being returned to the Transfer Agent. Are there problems? And is there a possible timeline for when it will all be said and done?
Answer:
It is correct that over 2 billion shares are being returned. There are no problems, just lining up legal work to do an update on the Adequate Disclosure document with the return of the stock, otherwise the 2 documents will contradict each other. The timeline can be 1 to 6 weeks. As soon as lawyers and writers can get to it, it will be done, but this is the expected timeline at worst case scenario.
------------ ends Friday tips official PR from VCTY via their IR company MMMG
Share Structure unchanged - 4.8 Billion AS as of 5.13.2011
Share Structure
Market Value $2,397,899 a/o May 05, 2011
Shares Outstanding 4,795,797,814 a/o Feb 17, 2011
Float 146,262,970 a/o Sep 30, 2010
Authorized Shares 4,888,000,000 a/o Sep 30, 2010
Par Value 0.001
http://www.otcmarkets.com/stock/VCTY/company-info
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