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Wednesday, May 22, 2013 11:45:51 PM
Redtide Defense Group, Inc., is a manufacturer of UAVs (Unmanned Aerial Vehicles). The REDTIDE spinoff of their unmanned aerial vehicles (drones) is huge for VDSC shareholders. (That new spinoff company will be named "Image Group Inc.") For every 164 shares of VDSC we get 1 share of REDTIDE valued @ $1.00 divided by three milion shares in new REDTIDE stock. With the background of the previous owner of VDSC (Edward Salmon) with his military connections this is huge. Some think REDTIDE has an unbelievable shot at going over $10.00 a share within three months. Drones are huge worldwide and with the military connections of Mr. Salmon - skies the limit.
To elaborate a bit more - REDTIDE stock will have ZERO to do with VDSC once it is spunoff. There will be only 3 mil shares in REDTIDE. If you multiply 3,000,000 mil shares (REDTIDE) times 164 a share you get 492,000,000 which is the number of authorized shares in VDSC. The opening price of the new company is $1.00. That equals market value of three million for REDTIDE (for VDSC shareholders). Putting a 30 million market cap on REDTIDE equals $10.00 a share. REDTIDE has earnings & contracts with government already in progress. If you know anything about government contracts with drones they are all gagged for national security purposes.
Again, stockholders will get to keep their VDSC shares and they'll get MORE from the spin-off company. Hope this helps you some.
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