Remember...
Penny Whisperer
Monday, June 13, 2011 3:14:03 PM
I just spoke with both Ingrid and Vince, in that order.
not much new, but some additional confirmations...
* a share buyback IS going to happen... they don't yet know exactly when or how many shares will be purchased.
* the current float is 50mil
* the shareholder dividend is strongly being considered once monies start rolling in from royalties that have been withheld... it's a process to collect them, but the process has begun.
* No reverse merger has been discussed with Luken, although partnerships in various projects have been discussed and some have even taken place.
* Part of the plan for myfamilytv is to eventually accept a buyout offer (see reference of Disney's buyout of a network in today's pr). 'We are following the same formula with MyFamilyTV that this network followed that was bought out by Disney for [over a billion] dollars. We have already been approached by a few companies with buyout offers.'
Vince told me that we will be seeing "more and more news coming" and that the stock "will have another run." "We had this in the dollars before and we're getting it back to that," he said.
Vince is confident that the public will soon catch on to the story that is unfolding here, and sounded a bit surprised that there was not a more positive response to the news released last week regarding the Elvis and the Platters recordings. "These recordings are worth a fortune," he said.
"We need to show revenue and we need to show cash..." Vince said, and they are doing that. Revenues are up and the cash is building up.
We're looking pretty good going into the third quarter. With Valcom able to show revenues and cash on hand, in addition to the completed library valuation, July looks to be VERY good month for VLCO shareholders.
GO VLCO! I want $1 per share.
