Replies to post #56972 on Videolocity International Inc (VCTY)

[glidingone]

VCTY Updates: 4.15.2011 Friday Tips

The company is concerned about its share price and has made this its #1 task to address.

Question:
Now that the 1.5 billion shares from the failed hydro merger are being returned to the treasury, will the same be done for the 300 million shares allocated to the video rental company?

Answer:
Yes, of course. The company said two billion in its press release.

Question:
When will the shares be officially retired, and how will investors be updated?

Answer:
They're being processed now and we estimate it will take five to six weeks. There will be a press release when it's done.

[glidingone]

Remember... Hydro and Ameta were done deals and going to happen immediately per VCTY... more of the same Pickl... promise something... drag it out... never mention it again... and then say that it fell through about 9 months later.. rinse and repeat...

The share price went up a little based on the idea that VCTY might actually retire billion+ shares allocated for the hydro merger. Now that it is clear that will not be happening any time soon... nothing to see here. More of the same disappointment.