In case anybody missed it, Rocky's recent message
is worth repeating; here it is in its entirety:
"Finally, some really great news. With VDAT on the National
Nasdaq millions more people will be able to follow the
stock. Few realize how few people get to see the 'small
cap market' in their daily newspapers. Many people
won't buy stock unless they can track in their paper.
Also, this increase in the number of shares should
finally put an end to some of the thinness of the stock,
which causes it to plummet whenever the slightest bad
economic news hits. With VDAT on the National Nasdaq and
the number of shares rising, mutual and retirement
funds will be encouraged to participate. When the
public digests this info the stock should begin to take
off again. Go VDAT!!!"
Folks, let's take a
quiet and reflective look at what's really happening
1. Randy and Alan had a brilliant idea
and probably went into serious hock to start their
new company about six years ago;
2. In order
to raise working capital, they had to literally give
away a substantial part of their "sweat"
3. Now, six years and one public offering later,
after having drawn very modest salaries while building
a solid business base, management wants to raise
substantial capital which can catapult the company, VDAT,
into the big leagues. At the same time, the principals
will take out some bucks to cover personal operating
expenses, both present and previous (well, maybe some
future expenses, too).
If you think about it,
HERE'S WHAT'S REALLY HAPPENING...
CORPORATION is at the forefront of Internet content providers
and is now raising the money to further establish its
leadership position in the all-important BRAND DEVELOPMENT
category we keep hearing about. Nobody expects VDAT - or
YAHOO - or BROADCAST.COM - or the scores of many other
emerging Internet companies - to show big profits and sell
at historically traditional price earnings ratios at
this this time. However, if a company can truly
position itself as an innovative and prescient force in
its particular niche, it can reap benefits for itself
and its shareholders for many years to come. This is
where VDAT is now! I suggest you stick around - as I
plan to. As Rocky implied, the best is yet to come!
that medicine go down!!!
termers...maybe some volatilty from dilution, from Fed, from
naysayers..wouldn't expect to see too much more of a drop..maybe to
$15 if fed screws us. But not for
Med-long termers put on the party hats cause the fun is
gettin ready to start. Secondary will bring cash,
critical mass, credability, the oh-so coveted National
NASDAQ listing and Analyst coverage, and more content.
Repeat after me... in the infamous words of Martha
Stewart.."that is a good thing."
OK..for all the
lay-people..VDAT announced a plan to sell 2.0 million shares for
an undisclosed share price some time in the near
future. This is a means to raise additional cash which
will be used to grow our business. Short term traders
are upset because the share price may decline as a
result of the dilution (~25%). My guess is that the
NASDAQ correction has taken enough out of it already and
we shouldn't see too much more of a decline..at
least not a long term decline. Depends on economic data
(wage #'s to be released tomorrow could have dramatic
effect on all markets) and the Fed later this
What the secondary offering brings is an opportunity
to move to the National NASDAQ. We are currently not
on the National market and get very little exposure
as a result. A National market presence allows us to
obtain analyst coverage, along with the underwriters of
the secondary offering, which will get us much more
exposure..which is what we need. The price of that exposure is,
unfortunately dilution. I think its well worth it.
and when the i-net market turns, we will be poised to
ride the tide. National exposure, analyst ratings,
revenue production kicking into gear, cash in the
bank....smells like victory.
Take the medicine like Men
and Women and wait for the blessed VDAT relief.
Babble,babble,wah,shoulda, woulda, coulda,WAKE UP
people we're coming into the MONEY$$$$$$$!The numbers
speak for themselves.How long do you think it will be
before somebody scoops up those 2mm shares? NOT
LONG.That's not a lot of shares,and ya can't compare itvu to
vdat!nor the companies or the spo.Vdat's spo is out lower
with our stock being down,itvu's was 36 when the stock
was in the 80's!So stop pissing and moaning.We're in
the money soon. Content is being seen finally and
vdat is content=vdat is king. We're getting recognized
by all the analyst and firms and v viewers! WAKE
UPand SMELL THE COFFEE!! GO VDAT!$$$$$$$$$$$$$$$$$$$
Lets take a quick look at this deal. VDAT has
filed a secondary through Cruttendon Roth, the same
firm that did ITVU's successfull secondary. Cruttendon
is a firm that will bring in other firms like
Prudential and Cowen in ITVU's case. They won't do this deal
alone. They are just filing it to get started at the SEC
while they find others to go on the book.
as the price is concerned, I for one think we are
getting very close to a bottom on these internet stocks
-- see internetstocks.com for Keith Benjamin of Robt
Stephens opinion. If they file the book now it will take
30 days to get the deal done/priced etc by then we
are in July in the middle of Net reporting season and
these stocks will be much higher!!!!
VDAT is far from running out of money. According
to their most recent 10q they had almost $3m in cash
and have all those warrants that can be called. I
think this secondary is what they need to get to the
This was posted on MarketWatch from Edgar News.
It's an excerpt from their S-1 filling. It seems to
give a little more info to the details which apear to
state a price of $23(which was the 5/27 closing price).
Also refers near the bottom that they'll us 25M for
expansion of existing and development of new libraries.
Also to us 3M to purchase equipment and upgrade
I'll admit that I'm not the greatest at reading this
info, so feel free to correct me if I'm incorrect. GO
Here's the link: