** Past Successful Reverse Merger/Shell plays: VLNT
1. Feb.2/2007 – VLNT shell begins moving from 0.0002 on higher volume. First noted by RULiquid on Investorshub.com. Initial run is from 0.0002 to 0.003.
2. float 65.8mil, o/s 126.5 mil, a/s 600 mil. Owned by Wachovia securities.
3. Feb.16/2007 – after pulling back from 0.003 to 0.0003, VLNT begins running again. Story is that Goldman Sachs is majority owner and is coordinating a reverse merger, which could not have been done before Feb.8, 2007 as per 8K filed in 1997.
4. hdogtx from investorshub.com posts that Goldman Sachs is actively buying shares on the open market to acquire 51% and be able to do a reverse merger.
5. Feb.23/2007 – peaks at 0.009.
Total run: 0.0001 to 0.009 = 8900%
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8K Filed Jan.1997:
""The plan provides our Board of Directors flexibility in dealing with any takeover action that might occur," said Shirman. "It would not impede any transaction that the Board feels is in the best interests of VideoLan and its shareholders. On the other hand, the dilutive consequences of triggering the rights should be a deterrent to actions that are not in the best interests of VideoLan and its shareholders."
The issuance of rights has no financial effect on VideoLan, is not dilutive to shareholders, is not taxable to the Company or its shareholders, and will not change the way in which VideoLan common
shares are traded. Rights are not exercisable until the distribution date and will expire at the close of business on February 8, 2007, unless earlier redeemed by the Company.
