posted
Oh well nothing yet Upside, Looks like tomatoe soup and peanut butter sandwiches for the kids. Maybe next Friday... Have a good weekend everyone Rod
Posts: 1637 | Registered: Apr 2004
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I posted VRMD back around July 1. I have alot of this. It just makes sense it can't stay low forever. The frickin book value is a 700 percent return. It's just a matter of when it starts climbing, not if. I think it's pretty unknown still, but that'll change soon. This is a very aggressive management team. Good Luck.
posted
I like this too... ___________________________
April 23, 2004--Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD - News), 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. Contact:
Vision Real Estate Management and Development Daniel J. Duffy, 518-862-1676 Fax: 518-862-9247 WWW.VRMDCORP.COM
posted
Anyone in doubt about this company's worth, just look at the shares outstanding ( 40 million ), and then look at their projected revenues next year ( 75 million ). Then ask yourself, "Self, if they onlt make 8 percent net profit on 75 million, isn't that about 6 million dollars or about 15 cents per share?" Then smile....yes that's right. And if this stock traded at at least 5 x earnings that would be.....well? well?
Posts: 798 | Registered: Jun 2004
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posted
Vision Real Estate Mgmt & De (OTHER OTC: VRMD) Last Update: 8:18:00 PM ET Jul 22, 2004
Vision Real Estate Management and Development Announces Structural Changes
ALBANY, N.Y., Jul 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets:VRMD) today announces a reverse stock split of its common stock. The 400-1 reverse stock split will be effective as of July 26, 2004.
"This is the final step in anticipation of the closing of the merger with MEM Financial Solutions," stated Mr. Donovan Rhoden, President and CEO of Vision Real Estate Management and Development, Inc. "The reverse split is a necessary step in meeting the company's objective of gaining a listing on the American Stock Exchange."
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 factorspreviously 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 DevelopmentDaniel J. Duffy, 518-438-8100 ex 303Fax: 518-862-9247
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
Wow, that one really came out of the blue. This company's been putting out all good news then wham, a 400-1 reverse. That sucks.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
So much for holding on for the divedend. This may be a good stock in the future but not for a while.
Posts: 55 | Registered: May 2004
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posted
Vision Real Estate Management and Development Announces Structural Changes Business Wire - July 22, 2004 20:18
ALBANY, N.Y., Jul 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets:VRMD) today announces a reverse stock split of its common stock. The 400-1 reverse stock split will be effective as of July 26, 2004.
"This is the final step in anticipation of the closing of the merger with MEM Financial Solutions," stated Mr. Donovan Rhoden, President and CEO of Vision Real Estate Management and Development, Inc. "The reverse split is a necessary step in meeting the company's objective of gaining a listing on the American Stock Exchange."
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, 518-438-8100 ex 303 Fax: 518-862-9247
Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
Posts: 140 | From: Las Vegas NV. USA | Registered: Aug 2003
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posted
All I can say is they dont give a **** about the so-called 250 shareholders, no dam news in a month, then this. Lets all dump our shares, who gives a **** now, its our turn for payback Drive that ****en price down to .0005 so the shareprice is only worth .20. Then let the AMEX say **** YOU DUFFY AND GANG. You guys are a joke, you dont deserve the prestiage of our stock exchange. Paybacks a bitch you 3 PRICKS. JMHO
posted
.0035 already, looks like it's going to dump huge today.
A 400/1 reverse split. Hmm... The supply and demand of these types are stocks are not linear, and they shouldn't be treated as such. The stock price will not jump 400 fold just because they reduce the number of shares by 400. This is going to cost stock holders tons of money. After the split, I see the stock falling even farther when investors realize the split didn't equal out.
I might see this as a good buy in about 14 days. Until then, bye bye $$$$.
[This message has been edited by donb (edited July 23, 2004).]
posted
The way I have heard people play reverse splits, is buy post reverse at about 10 am once the stock price has taken about a 95% hit. Then you usually see a mild bounce then dump it and run. I wouldnt recommend anyone ever buy this pos for any reason though. Lying *******s.
Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004
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quote:Originally posted by roger7485: The way I have heard people play reverse splits, is buy post reverse at about 10 am once the stock price has taken about a 95% hit. Then you usually see a mild bounce then dump it and run. I wouldnt recommend anyone ever buy this pos for any reason though. Lying *******s.
That is usually a good way to play it, but this R/S goes into effect Monday. That only gives traders one day to play any bounce before this thing gets murdered. I would expect that this thing tanks even worse on Monday when the R/S goes into effect.
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
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posted
Right kb, thats what I mean, you buy post reverse Monday at about 10 am after the price falls out from under it. Then you sell for a double or triple. But I wouldnt touch it for awhile unless its with fun money.
Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004
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posted
I didn't read these posts until too late. With the reverse split the price is $3 and according to the posts the popular opinion is that the price is going to fall even more?
Posts: 61 | From: Waynesville, NC USA | Registered: Jun 2004
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posted
so let me get this right. I had 15,000 VRMD. I bought at around .019 Now I've just seen a new ticker and a 400/1 R/S. I now have a grand total of 37.5 shares which I can sell for .45 per share. So my $285 is now worth $16.86. WOW! looks like somebody got a royal shafting in this deal.
Posts: 768 | From: Ingland | Registered: May 2004
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quote:Originally posted by tic_toc: so let me get this right. I had 15,000 VRMD. I bought at around .019 Now I've just seen a new ticker and a 400/1 R/S. I now have a grand total of 37.5 shares which I can sell for .45 per share. So my $285 is now worth $16.86. WOW! looks like somebody got a royal shafting in this deal.
What a disappointment ... this is BS
Posts: 575 | From: Orlando, FL, US | Registered: Jan 2004
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posted
VRMV. priced at a lovely $3.00, with 100 traded today. I thought it was my lucky $45,000 break as I had not seen the R/S news. *******s!
Posts: 768 | From: Ingland | Registered: May 2004
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posted
OT: Hi Roger! Hope you're having a good summer! How did your hiking trip go? Me and a whole bunch of the others are still STUCK in CDVJ, but almost everything I would have bought if that POS had gone to .02-.03 are in the toilet too. WHole market's going down, down, down. Wish I had $50,000 to buy a ton of Puts right now.
Good Luck! Steve
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
Before the 400/1 reverse split, VRMD said their stock was worth .07 per share.
"The sale of the above assets gives Vision Real Estate Management and Development, Inc. a book value of over $.07 per share," states Daniel J. Duffy, Vice President of VRMD.
So if my math is correct that makes VRMV stock worth $ 28 per share....and it's selling at .51.
This is either the biggest bargain or the biggest scam of the year.
quote:Originally posted by stockvaper: Before the 400/1 reverse split, VRMD said their stock was worth .07 per share.
"The sale of the above assets gives Vision Real Estate Management and Development, Inc. a book value of over $.07 per share," states Daniel J. Duffy, Vice President of VRMD.
So if my math is correct that makes VRMV stock worth $ 28 per share....and it's selling at .51.
This is either the biggest bargain or the biggest scam of the year.
Any opinions?
If I had to lean towards one or the other, I would say scam, but I don't really think it is. Maybe on paper they are worth .07 PPS pre reverse split, but without releasing the financials to show that, the investing public can't verify that. Most people, especially in pinks are not going to value a company at what the CEO believes they are worth. If he makes a comment like that, he must be saying that based on some numbers somewhere, and if that is the case, why not release them to the investing public so we can see it as well? Because they are a pink sheet company, they do not have to release those numbers (if they exist) which is why the PPS does not reflect that statement.
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
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