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Alias Born | 12/14/2012 |
Thursday, November 14, 2013 3:16:45 PM
More food for thought: Could the voluminous selling be done by those engaged in naked short-selling?!? No reasonable investor with equity in the company would sell at these levels. Keep in mind over the past three trading sessions nearly half a billion shares changed hands.
I believe that there is much enthusiasm by investors for what VDSC has accomplished and has divulged in the PRs over the last three days - this explains the buying volume. The price remains suppressed, in my opinion, because of the "non-existent" shares that are being shorted - for what purpose I cannot explain. With the news reported over the past week, the stock price should easily be in the .007 to .009 range without exeception.
Synopsis of News Announced by VDSC:
1. Execution of a revenue-generating contract in the amount of $800,000 with TNKE for eco-friendly technology adapted to the maritime industry.
2. Revenue to be reflected in 3rd Quarter Financial Statement.
3. Detailed explaination fo the curretnl corporate share structure.
4. Anti-Dilution provisions
5. Proposed corporate buyback of outstanding shares to lower the tradeable float
5. Implementing provisions to allow for greater corporate transparency
6. Hiring of a PR firm to issue professionally-drafted press releases documenting substantive corporate news to the investment public
7. Hiring accountants to bring the company's financial statements up to date.
8. Engaging an SEC-licensed auditing firm to audit the company's financials to comply with SEC standards for uplisting.
Regards,
Ray
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