Valcom Inc (fka VLCO)

[tigerpac]

Thank you for this information.

The filing was late as usual.

Vince was awarded 3 million + shares on May 1. An additional 5 million shares was awarded on August 12th.

I don't recall seeing the 3 million shares disclosed on the 10-Q. It wasn't discussed, but it may have been buried in there.


Certainly that's 8 million more shares of dilution at a time the company is telling you that there won't be any more dilution.

The filing does not say that Vince actually spent any of his own money. The filing lists "0" as price paid.

I think Vince was "awarded" all of this stock for either getting the stock to 10 cents or in conjunction with the struggle for the company where these new shares tipped the balance of power.

If you notice in the Form 4 it lists Code J.

J – Other acquisition or disposition (transaction described in footnotes).

So where on the form is the footnotes? It's not there. So Vince left something off the Form 4 like "stock was awarded as part of XXX".

Vince didn't spend one dime of his money on these shares. Some of you are very gullible if you believe he did. Why would he wait for the stock to reach .10 -.13 to buy when he could have been buying all year long between .03 and .06?