i got sick of waiting and sold yesterday for a loss....
Vision Real Estate Management and Development Cancels 73% of its Outstanding Shares
Business Wire - April 16, 2004 15:30
ALBANY, N.Y., Apr 16, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD), today announced that shareholders owning 225,000,000 shares of its outstanding common stock have returned their shares to the company for cancellation. The cancellation of the 225,000,000 shares reduces the total issued and outstanding shares of Vision Real Estate Management and Development's common stock down to 81,936,993 shares.
"We promised our shareholders no unnecessary dilution and we meant it," stated, Daniel J. Duffy, Vice President of Vision Real Estate Management and Development. "The holders of the shares being cancelled and management of the company believe that the reduction of the outstanding shares is necessary in order to more effectively implement the company's plan to acquire profitable private companies."
"Vision Real Estate Management and Development would like to inform all share holders that the company has a positive cash flow, stated," Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "We are making some changes to the structure of the company, which we will be announcing shortly. This structure change will benefit the shareholders. As president and CEO of this company, I would like to thank all of our share holders for being so faithful to this company and giving us time to execute our business plan.
Forward-Looking Statements the private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
SOURCE: Vision Real Estate Management and Development, Inc.
Vision Real Estate Management and Development
Daniel J. Duffy, 518-862-1676
Fax: 518-862-9247 WWW.VRMDCORP.COM
It will be up to .10 in a hurry IMHO and than that is when the real break out will occur.
Brandon
quote:
Originally posted by brandwilliams:
I am curious to the topic starter's opinion on this one Monday. Just curious.Brandon
[This message has been edited by jimbo (edited April 17, 2004).]
Yes I think VRMD will be a five bagger. I also think we will GAP a little but the main thing is MOST of us longs and people with positions now know that this is goiong much higher and the GAME plan is coming together in a BIG way.
From all indications we will get another PR this week and MAN nobody wants to be on the outside looking in when that happens either. Just the fact they cancelled all those shares will get the MM's finally running IMHO.
Watch the next few weeks climb it should be amazing!
That will still just be the start, which is the most exciting thing of all IMO.
HSM new members, old members and current longs have a great opportunity right now that we are fortunate enough to be presented with!
Brandon
I am still holding onto this one, but a little damage control from upper management would be nice.