posted
now what we need is news on the OM companies in the AM. 35 aquisitions by june is great news though. they are moving everything about this company in the right direction. I have my short term sell set at .24
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
I don't have the PR to post but it was mentioned in the last couple of months that after the restructing is complete they plan on taking OM to the AMEX. THAT will be big. Anyone have the info?
posted
Here it is. This was posted on Allstocks on Feb 14th...
ALBANY, N.Y., Feb 11, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD), is updating all shareholders and potential investors on the status of the proposed acquisition of OM Companies, which was announced on January 22, 2004. Vision Real Estate Management and Development is pleased to report that the due diligence process with OM Companies is ahead of schedule and the company believes that the closing of the acquisition of OM Companies will close sooner that anticipated.
"We are very excited that the due diligence process is going faster than expected and the completion of the acquisition of OM Companies might happen sooner than we anticipated." stated Daniel J. Duffy, Vice President of VRMD. "As previously announced Vision Real Estate Management and Development plans to apply for a listing on the American Stock Exchange promptly as possible on completion of the acquisition of OM Companies."
"We are about to add $7,500,000 of net assets to Vision Real Estate Management and Development," stated Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "With four proven franchises; Two Super 8 Motels and Two Golden Corral Restaurants, this is just the beginning for our shareholders. Upon the completion of these acquisitions our shareholders can expect OM Companies to achieve the following; A listing on the American Stock Exchange, the additions of four or more new franchised operations in 2004 and six or more franchised operations in 2005 and OM Companies, Inc revenues increasing to $30,000,000 by the end of 2005."
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.
CONTACT: Vision Real Estate Management and Development, Inc.
posted
It looks that we are on the way to close the gap and then to move up again. 0.034-37 might be quite good entry.We'll see on THU. JMHO
Posts: 48 | From: Philadelphia, PA | Registered: Dec 2003
| IP: Logged |
posted
I am not sure about this one I thought it would run today on new news. Is someone selling into this news.
Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
| IP: Logged |
posted
That figure was only staighted as asset value not PPS! Furthermore after completly reading all PRs from website (out of date since 1/22/04) and news wire! I have come to the conclusion that some things repeat themselves here. On 8/4/03 they retired 215 million shares ( staighting shareholder value and no dilution)giving them 48 million left issued and outstanding. Then they issued 18 million or so as a 40% dividend to shareholders. That would have given them 56 million O/S. Now they are canceling 225 million leaving 82 million. Im left with a very big question! What the heck is going on with this company? If history repeats itself! A spin off or dividend PR is coming very soon! The last PR had no news at all about the OM companies that they said would close ahead of the planned 4/25 closing date, why? This company looks great as far as asset value goes, if they do all they say there doing! Why no numbers? If there turning all this cash they say they are why not release some real numbers? they said they applied for OTCBB listing back in DEC 03! Still no filings or even a local audit that they could show as proof of this revenue they say is comong in and project for the future! Im hoping they do very well, but I done care for the many unanswered questions i came up with in my small amount of DD. Time for some real answers Mr.Rhoden and Mr. Duffy!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
Well news seemed ok, but not spectacular, Explained a whole lot a nothing as far as I was concerned. Share retirement was nice. I thought 73% share retirement would have created a little bit more of a run.
posted
This is an INVESTMENT as such it is subject to REVIEW!
Im not getting down on the company. i just found several unanswerable questions. The biggest being.
Did they retire the shares they said they were back in DEC 03 or are those the same shares there retiring now?
If they retired those shares staighting no un-nesessary share dilution. Where did the 225 million there retiring now come from?
My last question is about the OM Companies that by the way unless they closed on the deal without telling us they don't own yet. They had staighted that they should close ahead of the planned 4/25/04 and that date is this Sunday. Are they or are they not closing ahead of time or even on time? This closing played a very big role in my choice to invest here and is or will be a great portion of the companies worth, as such it is one that needs an answer.
I see a great future for this company if they do as they say. Lets hope they do!
" Many things in life say buy me, but are they all good? "
posted
Good to see you back Rick. Just about everyone from the "old days" have moved on. I hope your return signifies a trend in the making!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
| IP: Logged |
posted
Double looking at VNCO's chart and a few of there PRs Id say there is a jump to .06 in the near future and that .04 looks like an entry point for a few shares.
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
Jan. 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD ), today announced that it has entered into a letter of intent to acquire, Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation solely for stock in Vision Real Estate Management and Development. Upon the closing of this acquisition, Vision Real Estate Management and Development company will spin out its present assets into a newly formed subsidiary. Vision Real Estate Management and Development and Meridian Construction, Ltd and Meridian Piling, Inc. have canceled their previously announced letter of intent by mutual agreement. Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation had combined revenues of over $7,500,000 in 2003 and net assets of approximately $7,500,000. Jagdamba Corporation, Jagdamba Corporation II, Maha Laxmi Corporation and Maha Laxmi II Corporation are current owners of franchised companies; Albany NY based Super 8 Motel, Saratoga Springs NY Based Super 8 Motel, Albany NY Based Golden Corral Restaurant, and Saratoga Springs NY Based Golden Corral Restaurant. Ambica Corporation, Ambica II Corporation are owners of real Properties in the Albany and Saratoga NY area. The company believes that upon the closing of these six acquisitions the book value of Vision Real Estate Management and Development's common stock will be substantially increased.
On the completion of these acquisitions Vision Real Estate Management and Development will change its name to OM Companies, Inc., which will be the sole owner of Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation. Mr. Niral Patel will become the new President and CEO of OM Companies, Inc. The completion of these six acquisitions is anticipated to close no later than April 25, 2004.
OM Companies, Inc. will continue to operate as a holding company of franchised companies. Presently OM Companies, Inc. is in the process of securing plans to open four franchised operations in 2004 and six franchised operations in 2005. OM Companies, Inc anticipates that this will add over $30,000,000 in revenue by the end of 2005.
All shareholders of record on the close of these acquisitions will remain shareholders of Vision Real Estate Management and Development company, which becomes the much larger franchise holding company. Shareholders will also receive shares of the spin off of the real estate portion of Vision Real Estate Management and Development companies.
"This is the best move for the shareholders." Stated Daniel J. Duffy, Vice President of VRMD. "Since we receive so many opportunities with private companies, we feel that our decision to acquire these six corporations, that already have a proven track record and own four franchised companies, fits the puzzle on escalating our business plan at a more rapid rate".
"These six acquisitions are adding more assets and earnings for our shareholders" stated Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "Our decision to acquire these six companies will not delay us on obtaining a listing on the American Stock Exchange and the Company intends to apply for a listing on the American Stock Exchange as promptly as possible.
Vision Real Estate Management and Development will announce shortly the date and location of its first shareholders meeting. All shareholders are welcome to attend. At the meeting all shareholders will be encouraged to vote on the proposed name change and the proposed six corporation acquisitions. Company officials will be present at this meeting to inform shareholders of new developments.
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.
Contact: Vision Real Estate Management and Development Daniel J. Duffy, 518-862-1676 Fax: 518-862-9247
posted
This could be the last day to qualify for the spin shares if they close there 7.5 million dollar deal on the 25th and PR it on the 26th monday. Given the three day rule!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
ALBANY, N.Y., Apr 23, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD), today announced, Vision Real Estate Management and Development will buy in the open market up to 50 million shares of its publicly traded common stock.
"Based on the revenue and earnings that the real estate, trucking and mortgage divisions are currently bringing into our company, we believe that our stock price is severely undervalued," stated Daniel J. Duffy, Vice President of VRMD. "Therefore, in order to enhance shareholder value, the smartest place to put the company's money is in its own stock."
The stock buy back program will commence immediately. The stock that is purchased in the open market will be cancelled and returned to treasury. Therefore every share purchased by the Company will result in a reduction in the number of outstanding shares.
"A large percentage of the profit from each real estate transaction, as well as the earnings from the Mortgage and Trucking divisions will go towards the buyback of the Company stock," stated Donovan Rhoden, President of Vision Real Estate Management and Development. "The stock buyback program will benefit all shareholders by decreasing the number of outstanding shares and increasing each shareholders percentage of ownership in the Company."
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.
CONTACT: Vision Real Estate Management and Development
posted
O/S to be redused to around 32 million! Just try to buy this stock on monday! Also the OM companies deal is to close on Sunday! UNREAL!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
this stock is gonna open over .06 on monday and if it doesnt hit .10 by close monday I'd be very surprised!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
Is everyone on this board so stuck on there own personal stocks that they can't see a gift horse when its looking them in the face. Anyone who isn't buying this at the ask on monday. Will miss a huge boat coming in! If it opens anywhere under .07 its as strong a buy as I have ever seen!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
by the way you can all thank Bob Frey for bringing this to the board! thanks BOb
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
Just to get back the 50m there buying its gonna go to .10+ I'm giving this a short term sell of 1.00. 32m O/S has to be one of the lowest of any pink Sheets stocks. When they throw in the spin off of the new OS companies 7.5 million in assets wow!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
O/S 307mm down to 30mm PPS was .02 now .049 think about it! It belongs at .20+ just on the math alone! If it were to stop there its a 300% gainer! Its a no brainer! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
| IP: Logged |
posted
I agree Rickpic, this thing is gonna fly. Duffy also has a few more tricks up his sleeve to get this price where it should be. With Duffy buying up to 50,000,000 share in the open market, he can hopefully increase buying pressure when the MM's try to take it down.
We are now going to finally see Duffy's RoadMap to increase shareholder value come into play!!!
posted
I really wouldn't be surprised to see this open over .07 The buying preasure is going to be emence! To know that the buying is being retired is more than i can even fathum! I've been sitting on this thing for a week and even when it dropped I couldn't bring myself to take any out. The OS Companies aquisition there closing on was all I needed to keep me in, but I never in my wildest dreams figured that this was coming even befor that! At the moment the income they have coming in is higher than the total value of the 32 million O/S that will be left when they get done! There also giving us a spin on the OS companies when they close! At this point Im just gonna watch it rise because I've sold lite on way to many rockets in my trading history! at this point we don't need luck all we need is a good hard drive so that the sreaming trades doesn't lock up the hard drive! I'm guessing this trades more than half its present 82 million O/S on Monday alone!
[This message has been edited by rickpic (edited April 23, 2004).]
posted
I am a bit suprised, I am very happy to be a shareholder in this one right now. Buy back 50mil with 82mil OS this is great news from what I see Posts: 491 | From: laurel,md,usa | Registered: Feb 2000
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
