Hey all, VDSC DD Cheat Sheet, see what all the noise is about! Looking to be stock of the year imo, we shall see. Waiting on updates regarding Fortune 100 company contract info, pending dividends/ share spinoff of Image Group, HUGE merger with Hydraiki PR'd 4/25, waiting on more details. Listen to CEO Peter's vision below, then read the rest and see what we're all waiting on. Subpenny prices are a joke for this potential! There's MUCH more we're waiting on tbh, do the research :)
On March 20, 2013, PVE signed a contract with TEL to supply and operator a hotel accommodation and field work vessel for TEL oil rigs in Nigeria. The joint venture is for a term of 5 years. TEL has agreed to completely fund an outright purchase of the subject vessel from PVE and PVE has agreed to take a portion of the purchase price to purchase equity position in TEL.
Update - The TEL joint venture, previously announced on March 26, 2013, is on track and progressing faster than anticipated.
Fortune 100 Company -
On April 1, 2013, PVE signed a contract with a Fortune 100 company to provide shipboard accommodations for an initial 30 day term, in Europe, which will provide substantial revenues to the Company. Commencing in the fall of 2013, the Company will provide complete logistics services for the operation, together with on-board food & beverage services for over 1,000 company personnel.
Update - The Fortune 100 Company contract, previously announced on April 1, 2013, is being implemented as planned.
Hydraiki Naval Company
On April 25, 2013, Hydraiki Naval Company (aka. www.onedaycruise.gr) has chosen PVE as a company to merge with to expand and facilitate its long planned growth and expansion into the 3,5, and 7 days cruise venue. They believe that shares of VDSC are so undervalued that in lieu of 12.5 million dollars as initial payment we are taking 25 million shares of stock of VDSC and valuing them at .50 cents a share. After 6 months final payment terms shall be worked out depending on how fast and profitable the combined companies grow. One day cruise has been profitable for the last 15 years and the year 2012 saw profits of approx. 5.2 million dollars. Closing will take place in 10 days.
Update - Post #25038 statement from CEO in email - "Closing is within the next 10-15 days and will do new PR, also full purchase will be between 6-12 months.