posted
Looks like .056 is bottom. Lawsuit was filed by former CEO which caused PPS to FALL to this level. However Judge ruled against former CEO's INJUNCTION and therefore I believe this thing will rebound back to .20 or so.
This company was trading at around .30 not too long ago UNTIL they announce some stock issues AND THEN the PPS DROPPED dramatically back in MAY. But then In Febuary this company RETIRED more shares then they originally issued in May. And therefor causing a spike to the .20 range once again.
Lately the PPS has again dropped because the fromer CEO was filing a Suit against Victory. And Monday the Judge ruled against him. Which leads me to believe that the true value of this stock belongs in the .20 - .30 range and is currently a STEAL at .056
Monday April 11, 3:01 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 11, 2005 -- Victory Capital Holdings Corporation (OTC BB:VTYC.OB - News) announced it received a decisive victory Friday, when Judge Linda B. Quinn of San Diego Superior Court ruled against George Sharp. ADVERTISEMENT
Jon Fullenkamp, Chairman & CEO of Victory Capital Holdings Corp., commented, "It is disturbing that Sharp/Harter can file a motion for an injunction attempting to prevent Victory from adding value to the company and its stock through the various mergers and acquisitions it is involved in, and then not even deliver any supporting documentation to the courts for this frivolous filing. We view this as nothing more than a malicious attempt to injure the company, the share value and the shareholders, and we will seek every remedy afforded us under the laws of the court. We will continue with our legal right to protect our shareholders and add value to the Company."
The Honorable Linda B. Quinn presiding over San Diego Superior Court, Case Number GIC840172 additionally commented on the upcoming trial, "Plaintiff (Sharp) has not shown that he is likely to prevail at trial in showing the service contract entitles him to additional stocks and stock options." (http://www.sandiego.courts.ca.gov/portal/online/scsdrulings.html)
Victory Capital Holdings Corporation (VTYC), organized in Nevada, is a publicly traded company. The Company is designed to leverage the assets of existing, proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space. (http://www.vtyc.com).
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission
****** THE OS ON THIS ONE is very LOW !!!
21,200,000 Outstanding Shares. And this company has many business deals in the woodwork.
GLTA. Earth_Shaker .JMHO
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :)
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LOOK who they hired back in September and look at HIS accomplishments LIST.
IMPRESSSSIVE !!!!!!!
This company is going places....
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :)
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Press Release Source: Victory Capital Holdings Corporation
Victory Capital Holdings Corp. Announces Appointment of New CEO Monday September 20, 2004 11:49 am ET
LOS ANGELES, Sept. 20, 2004 (PRIMEZONE) -- Victory Capital Holdings Corp. (OTC BB:VTYC.OB - News) announced today that Mr. Jon Fullenkamp has accepted the appointment as the Company's next CEO. ADVERTISEMENT
``Over the past two years, we have laid the foundation through partner and vendor relationships for both Global Card and OnDemand. Now that our products and services are being distributed into the marketplace, it's become apparent that in order for us to meet and exceed our projected goals, we need to expand our management team. With Jon's extensive track record of achieving performance and exceeding corporate goals, we are confident that Victory is poised to become a recognized leader in its sector.'' stated Harold Gregg, Chairman of Victory Capital
With a consistent track record of performance, and possessing over 25 years of cross industry executive leadership experience, Mr. Fullenkamp has a proven ability to assimilate new technology, cross industry segments, and creatively develop new markets and new revenue streams. While personally driving and closing revenue deals as large as $500M, forming multiple national and global distribution networks, he has driven revenue generation at pre-IPO start-ups from -zero- to over $3.5 Billion per year. Mr. Fullenkamp possesses an exemplary track record of effectively and consistently reducing costs of doing business, reducing employee turnover, producing superior profit margins, and has personally re/negotiated numerous supplier agreements as large as $500M adding millions of dollars to the bottom line.
Mr. Fullenkamp, most recently held the position of President and CEO of Verb Exchange, which is a Unified Communications and One Number Gateway Company headquartered in Vancouver, Canada. He was responsible for management restructuring and a complete turn-around, creating 3 new markets and re-establishing corporate goals.
Prior to Verb Exchange, Mr. Fullenkamp was President of the Tacoma, Washington based Long-range wireless technology access company, TagMaster, Inc. He was chosen to develop and manage the selling of twenty-five different products into Canada, USA, and Mexico.
Additionally, Mr. Fullenkamp acted as Chief Executive Officer of CFN, Inc. in San Francisco, California. While running CFN he was responsible for the following:
-- Starting with no market share, within 7-years captured greater than 30% of total market and over 2 million customers establishing a North American distribution network of 500-members. -- Personally closed deals with Chevron ($500M) and Canadian Government ($100M). -- Converted the 2 million customers to telephone calling card users generating an additional $50M in revenue. -- Established Company as Hewlett-Packard computer equipment VAR generating $1M/yr. in additional H/W sales. -- Negotiated transactional agreements with Bank of America, CitiCorp, and Wells Fargo allowing company to capture revenues within 24 hours and hold funds for 20-days before releasing funds forward onto respective distributors (average finance advantage -- 3% to 5% on held over funds -- $100M to $200M during a 20-day period). -- Negotiated reduced sales tax rate for each of the lower 48 states saved 7% ($245M). -- Negotiated supply agreements (averaging $500M) with major petroleum manufactures. Additional supply agreements for foreign crude oil -- having access to a fleet of super tankers, transported own crude in to West Coast based refineries at an agreed manufacturing cost, then reached supply exchange agreements with the major petroleum marketers for product exchange and delivery through out the US (result -- 15% cost of goods reduction). -- Established key "big three" supplier vendor relationships, receiving 10% corporate equipment discount ($20M). -- Restructured communication architecture from terrestrial/wireless to satellite/wireless saving $1M per-month. -- Outsourced software development, saving $2M in salary/expenses/development costs.
Mr. Gregg will remain Chairman of the Board of the Company and continue to bring his vision and expertise to the Victory family of Companies.
Victory Capital Holdings Corporation (VTYC) organized in Nevada, is a publicly traded company. The Company is designed to leverage the assets of existing, proven technology and to infuse those assets with marketing, management and financial support to become the recognized leader in its space.
Certain statements contained herein are ``forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :)
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-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :)
IP: Logged |
-------------------- "When you have got an elephant by the hind legs and he is trying to run away, it's best to let him run." ...... Abe Lincoln ...... 1.5 million Strong :)
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