{"id":1324,"date":"2013-04-26T11:11:30","date_gmt":"2013-04-26T11:11:30","guid":{"rendered":"\/?p=1324"},"modified":"2013-04-26T11:12:55","modified_gmt":"2013-04-26T11:12:55","slug":"alas-international-holginds-inc-pinkvdsc-soars-on-news","status":"publish","type":"post","link":"\/articles\/alas-international-holginds-inc-pinkvdsc-soars-on-news\/","title":{"rendered":"ALAS International Holginds, Inc. (PINK:VDSC) Soars on News"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/4VDSC_chart.png\" border=\"0\" alt=\"4VDSC_chart.png\" title=\"4VDSC_chart.png\" width=\"450\" height=\"201\" \/>Yesterday ALAS International Holginds, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a>) announced a merger with a public company based in Greece. After spending an hour and a half completely flat in early trading, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> ran completely wild the moment the news hit the wire and closed the day 220% up, shifting nearly half of its outstanding share volume. <\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> announced a merger with a privately held Greek company that runs short cruises around the Greek islands. According to the press release the merged will consist of Hydraiki Naval Company paying $12.5 million for 25 million <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> shares priced at $0.50 each, or about 100 times more than the last closing price of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a>. The justification for this suspicious move is that the private company strongly believes <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> shares are currently severely undervalued.<\/p>\n<p>Investors would best decide for themselves whether VDCS is undervalued or not, going off on the company&#8217;s most recent filing, a quarterly for the period ended December 2012:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>ZERO in cash<\/li>\n<li>$960 thousand in current liabilities<\/li>\n<li>ZERO in quarterly revenue<\/li>\n<li>$762 thousand in quarterly net loss<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> managed to issue 78 million free trading common shares over 2012. About half of those were issued at a price that is 84% below yesterday&#8217;s close. That&#8217;s without counting the 164 million restricted shares issued over the same period. The shares were mostly issued for &#8216;services rendered&#8217;, debt conversion and cash placements.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> is also a pink sheet company and filings are sparse, so traders hoping for an official filing reflecting yesterday&#8217;s merger news may need to wait until their next quarterly report to find any hard information confirming the deal. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VDSC\">VDSC<\/a> has a history of loud and proud news touts that fizzled in thin air once the filings came through.<\/p>\n<p>In early 2012 the company announced that it was in the process of acquiring a large luxury cruise ship, The Emerald, that would generate about $10 million in revenue from a charter agreement at the Korean World Expo 2012. Sadly, revenue numbers that even come close to this figure never appeared in the company&#8217;s filings. The luxury liner itself happened to be examined by scrappers as early as 2011 and departed to a scrapyard in mid-2012.<\/p>\n<p>With at least one misleading press release in the company&#8217;s past, all traders who try to chase yesterday&#8217;s press release-driven highs and end up burned will have no one to blame but themselves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday ALAS International Holginds, Inc. (PINK:VDSC) announced a merger with a public company based in Greece. After spending an hour and a half completely flat in early trading, VDSC ran completely wild the moment&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[365],"class_list":["post-1324","post","type-post","status-publish","format-standard","hentry","category-news","tag-vdsc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1324"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1324\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}