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VCAMPUS CORP Message Board

  • bwuc000 bwuc000 Feb 1, 2005 10:00 PM Flag

    Meg, I have a question

    according new sec rules ineffect since August '04 regarding 8-K's, the company should have divulged this material information within 4 days of transactions - they did it in 56 days - WHY?


    VCAMPUS STARTED ISSUING SHARES TO INVESTORS UPON THE EXERCISE OF WARRANTS ON NOVEMBER 8, 2004.

    ON NOVEMBER 8 THEY ISSUED 30,675 SHARES TO INVESTORS

    ON NOVEMBER 9 THEY ISSUED 391,107 SHARES TO INVESTORS

    BETWEEN DECEMBER 21ST AND 31ST, THEY ISSUED ANOTHER 575,149 SHARES TO INVESTORS

    ON JANUARY 4, 2005, THE 8-K FORM FILING WAS RECEIVED -- 56 DAYS AFTER THE FIRST ISSUANCE OF SHARES TO INVESTORS

    FOR THE �1ST WAVE" OF ISSUANCE OF SHARES, TRADING WENT LIKE THIS:

    ON 11/05/04,
    THE TRADING SESSION PRIOR TO THE ISSUANCE OF SHARES TO PRIVATE PLACEMENT INVESTORS, THE STOCK OPENED AT $1.20, REACHED A HIGH OF $2.11 AND CLOSED AT $1.61 ON A VOLUME OF 965,500 SHARES, SETTING UP TWO STRONG TRADING SESSIONS DURING WHICH THE INVESTOR WOULD START SELLING IT'S SHARES, UNBEKNOWNED TO THE SMALL RETAIL INVESTORS.

    ON 11/08/04,
    VCMP OPENED AT $2.31 AND CLOSED AT $2.45 ON A VOLUME OF 4,523,300 SHARES

    ON 11/09/04,
    VCMP OPENED AT $2.59 AND CLOSED AT 2.17 ON A VOLUME OF 1,474,100 SHARES

    FOR THE "2ND WAVE" OF ISSUANCE OF SHARES, TRADING WENT LIKE THIS:

    ON DECEMBER 21ST,
    A HIGH PROFILE CONTRACT WAS ANNOUCED, ALSO AN UNSPECIFIED PORTION OF 575,149 SHARES WERE ISSUED TO THE WARRANT INVESTOR. ON THAT DAY,

    VCMP OPENED AT $2.37, REACHED A HIGH OF $2.95 AND CLOSED AT $2.07 ON A VOLUME OF 8,643,700 SHARES.

    AGAIN, OUT OF THE 575,179 SHARES, THE COMPANY DOES NOT SPECIFY HOW MANY SHARES WERE ISSUED ON THAT DAY.


    LOOKS TO ME LIKE MANIPULATION AND ORCHESTRATION BETWEEN MANAGEMENT, THE INVESTORS AND POSSIBLY THE MARKET MAKER.

    HOPEFULLY VCMP WILL BE INVESTIGATED BY THE SEC AS A RESULT.

 
VCMP
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