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Re: RPH9878 post# 76182

Tuesday, 10/08/2013 3:54:32 PM

Tuesday, October 08, 2013 3:54:32 PM

Post# of 148335
I am saying that Peter Villiotis blatantly lied when he announced in June that the "merger" with Hydraiki was completed and that VDSC had chartered the Porto to start service "this summer."

Neither the "merger" nor the charter of the Porto happened. The companies aren't combined and the Porto didn't enter service for either PV Enterprises International or its owner, Portuscale.

Final payment to Hydraiki was supposedly going to be determined after six moths of the combined companies operating depending on growth and profitability. However, the the companies have never been combined and VDSC has still never had any revenue-producing operations. The six-month period is irrelevant.

This is no different than all of the other blatantly false press releases Peter has issued and never explains why the never came to fruition. Just recently ...

Peter announced a spin-off dividend that was scheduled through FINRA to be issued in August but did not happen yet Peter has made no mention of it in any of his updates.

Peter announced a Turkish charter cruise that was to depart on September 4 but never did. Peter has supposedly told people in private that it has been postponed to November because some of the Turkish passengers didn't have a visa to enter Greece for the port stops. Even if one were to believe such an outlandish excuse, why hasn't Peter given that explanation publicly?

He frequently issues shareholder "updates" via OTC Markets but never mentions the status of all of the previously-announced deals that never happened. It's amazing to me that anyone would trust anything he says.

Peter's false and misleading PRs including fantastical revenue projections are among the most blatant lies I've ever seen. Shareholders should be aware that regulatory action is quite likely.