" I wouldn't be getting any hopes up to high that VLVT will put a PR during the next few days that will rally the stock." (your post).
Same her.
Why should VLVT put out any more news releases at this time.
If this "dream" is to become true, I assume they had a 3 phase plan:
1- Advertize their new start by releasing multiple news related to wakeup past, actual and some new shareholders and get back under the sun. This has been done very effectively considering volumes of the last 3 to 5 months but general status of the company rendered a significant price increase irrealistic (unless you consider going from o to 3 or 4 significant). To be noted that such a resurection after 2 years also gave arguments to those wanting to see the beginning of a second phase of a scam. Assuming a scam to have been the objective then, it would have failled miserably.
Personally, assuming an honest restart plan, I think that by getting the shares back to some value would have been a way to get access to fundings required to execute the next step (no "s ")
2-Regularizing the status of the company by producing audited financials and reporting normally was the mandatory next step if the VLVT shares were to be valued by the involvment of "investors". The company did commit to that and did it setting a specific and reasonnable timeframe to do it (before April 2003). THe execution or not of this commitment WILL MAKE OR BREACK THE COMPANY once and for all. Any other claim between now and then would only be fighting the win. Short of producing committed actions to normalise our situation, any new news would be close to useless.
3-Step 2 being done professionnally and credibly, the company would then be in serious business and THEN issuing news related to new developments would make a lot of sense. Why burn you munitions before the war has realy started ???
Finally, the above having been well done, the company should have the possibility to execute their final commitment (listing on another market). This could take some additional time for practical reasons not under the direct control of the company.
If this is to become what we want it to be, I see the short term future to look as follows:
-No significant news releases very short term, even if interesting developments are to be made in the background,
-Early (any time before April 1st) release of credibly audited financials,
-Release of reputed names forming a credible BOD (Matin's reputation has to be rebuilt)
-Release of news covering developments made between the december 23rd communique and the date of the release of audited financials.
-Release of a plan of action (what and when) aiming at having the company listed on another market.
Thereafter it should be business as usual and the price of the shares would rapidly get to 5 to 8 times the EPS forecasted for FY 2003 within the framework of the published audited financials.
This is what my optimist scenario is right now and it that context, THE ONLY NEWS RELEASE I SEE SHORT TERM is related to audited financials.
Note: If you want to know about a pessimistic scenario, go to the RB board.
Roger
