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PennyStockYoda

03/13/12 11:28 AM

#17218 RE: jettson #17216

I am sure at some point, EA or Victory will enter into an agreement to retire them, but not before Victory is paid very well for those shares.
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qwerty4

03/13/12 12:42 PM

#17226 RE: jettson #17216

RETIREMENT OF SHARES ISSUE

Folks, the retirement of the one billion shares owned by Victory Partners is a plausible scenario.

The reason is that Victory Partners is GUARANTEED $475,000 for those shares from Emperial Americas. EA owes the money to VP and VP will not be losing money if shares are retired. I wouldn't be surprised if this is already in an agreement somewhere to reduce outstanding shares to improve the overall value.

So you see, nobody would be throwing money away.