List of questions for PVEC:
I will not be present on the call as I have prior obligations.
1) Oct 30th PR states New Focus Strategy Into $36 Billion Ecotourism Market: please explain specialty Ecotourism and what PVEC's strategy is
2) Oct 30th PR briefly mentioned two items: development agreement for a Maritime Visual Communication Platform and the securing of $16.5 million in asset backed financing
question 1: what happened to Regatta Communications? The website has been taken down and on the Florida Division of Corporations site, it says Regatta was dissolved in October 2013
question 2: What is an asset backed loan what qualified PVEC to receive a $16.5 million loan? Is this an actual financing agreement or another forward looking statement?
3) Oct 30th PR states "During the past fiscal year VDSC announced the signing of letters of intent to acquire several companies. Unfortunately, these acquisitions did not materialize in time due to unexpected erosion in the company’s share price that made the financing terms unacceptable"
question 1: is this statement solely based on acquisitions, or does it also include mergers?
question 2: when the new website came online, there was a business segment called One Day Cruise. That segment has disappeared. Was that related to Hydraiki? If not, where has that business segment gone?
4) Oct 30th PR states “Fusing both specialty cruises with ecotourism, utilizing proprietary technology, brand promotion and adding new asset revenues will enable us to become an industry leader." Please describe what is meant by PROPRIETARY TECHNOLOGY?
5) Nov 12 PR the CEO states "Let me assure you that the Company has NO intention of diluting shareholders and is in fact initiating a share buyback..."
question 1: what is your interpretation of diluting shareholders
question 2: you specifically said the company has no intention of diluting shareholders. The float has been growing pretty fast over the last 12 months, and that would imply dilution. Please explain. Is there something other than the company diluting the share count?
question 3: the PR states the share buyback commenced immediately. Can you confirm this?
question 4: is the buyback occurring over the course of 6 months or not less than 6 months.
question 5: you state "This would then afford the Company a more manageable public float of approximately 400 million shares..." From a math standpoint, you are on the record stating a 740,000,000 float, a 340,000,000 buyback with an ultimate goal of a 400,000,000 float. This means no new shares will be issued during the buyback. Please confirm
6) When the most recent financials were posted on Nov 22nd, Pinksheets.com has the float as 750,000,000. Can you explain the difference between the 740,000,000 as stated in the Nov 12th PR and the Nov 22nd financials?
7) Nov 14 PR states "The $800,000 in revenue is in the form of cash to VDSC and will be reflected in our Third Quarter Financial Statement, which will be filed timely by the company on Friday, November 15, 2013." Please explain why you referred to this contact as cash when it is listed as accounts receivable and why was the a 7 day delay when you clearly said the financials would be out the next day? What are you doing to rectify this consistent delay?
8) In reference to the $800,000 contract with Tanke Inc, the Nov 14 PR states "Pictures of this technology will be available on the corporate website later this afternoon." Please explain what happened if you have not done so already
9) In TNKE's most recent quarterly filing where they confirm the $800,000 revenue to PVEC/VDSC, they said the following, "In September 30, 2013 Tanke Inc. (TNKE) acquired the distribution rights in Shanghai, China for PV Enterprise, Inc. (OTCPink: VDSC) service offerings. The purchase of the license of distribution services warrants TNKE exclusive rights to be VDSC’s sole distributor of services in Shanghai for a period of 10 years." Please explain this business segment
10) Nov 14th PR states "Shareholders should expect another two material event announcements in the coming week." We are now 4 weeks later, please explain if you have not done so already.
AI
