I've heard the mms will receive shares for sale right away but shareholders will have to wait for delivery of their shares before they can trade them. So, you should be able to buy shares and then sell them.
Technically shares will be tradeable immediately after the effective statement. However, there will be no marketplace/exchange to trade on. VCIG can't arrange to trade on the OTCB until after the SEC effective statement. It will also typically take about 30 days after the XDATE for us retail investors to receive our shares. It's unlikely that VCIG would want to start trading on an exchange before retail investors receive their shares. Brokers and qualified traders (those with more than $500 in assets) will be able to trade immediately in private placements using paper transactions (e.g. MCIG could raise funds by making a private placement with a wealthy investor or MM's could place trades between themselves to prepare for the opening of trading). The rest of us have to wait until our brokerage receives our shares. It then usually takes the brokerage several days to post the shares to our account so there may be a period of several days that we can buy shares but not sell them.
The short answer... No, you won't be able to buy shares of VCIG until at least 30 days after the effective statement when trading opens on an exchange.
News 
Market Data 
Discover 
AI
