VDSC meeting notes 8/6/13 VD$C COMPREHENSIVE MEETI
Post# of 11107
VD$C COMPREHENSIVE MEETING NOTES / SHAREHOLDER UPDATE$-(SPORTYNORTY)
HIGHLIGHTS AND QUICK POINTS OF INTERESTS:
***BLOCKBUSTER PR TO BE RELEASED TOMORROW AT 1:30 PM.***
***ADDITIONAL PR TO BE RELEASED THURSDAY PRE-MARKET (COMMENCEMENT OF M/V PORTO OPERATIONS NEXT WEEK/MAKES THEM IMMEDIATELY PROFITABLE).***
***PR'S (STARTING WITH TOMORROWS' WILL BE REVIEWED FOR PROPER ENGLISH AND TENSE.***
***COMPANY DIVIDEND FINALIZED/DETAILS FORTHCOMING/FINRA DATE TO BE ANNOUNCED (I BELIEVE THAT IS TOMORROW'S PR (PETER WOULD NOT CONFIRM FOR OBVIOUS REASONS) ***
***ANNOUNCING THIS WEEK COMMENCEMENT OF OPERATIONS FOR ONE OF THEIR BOATS WHICH IS PROJECTED TO PRODUCE $650,000 EUROS A MONTH OF GROSS INCOME (1 DEAL ONLY)***
***WITH THAT DEAL VDSC IS IMMEDIATELY PROFITABLE***
***VDSC APPLIED FOR CONVENTIONAL/ASSET BASED FINANCING $15 MILLION FROM ESTABLISHED EUROPEAN FINANCIAL INSTITUTION. (RAY AND I REVIEWED LOAN DOCUMENTS) PER PETER HE IS 85% SURE LOAN WILL BE APPROVED AND CLOSED WITHIN 45 DAYS***
***FINANCIALS ARE BEING AUDITED AND THE COMPANY WILL BE CURRENT BY END OF CALENDAR YEAR ALTHOUGH PETER IS ASKING THE AUDITORS TO EXPEDITE) ONCE AUDIT IS COMPLETE, COMPANY WILL UPGRADE TO FULLY REPORTING. (PETER ADDED THAT AN UP LISTING TO NASDAQ WOULD BE APPLIED FOR NEXT YEAR).***
***PETER WILL BE STARTING TO ISSUE PR'S VIA OFFICIAL NEWSWIRE AND 8K'S (THIS MAY TAKE A COUPLE OF WEEKS TO GET UP AND RUNNING)***
***PETER IS AWARE OF ALLEGATIONS ABOUT DEBTS OWED/FORMER EMPLOYEES AND OTHER ACTIONS HIGHLIGHTED ON THIS BOARD). (PETER'S CORPORATE ATTORNEY (MICHAEL REPPAS/ (305) 822-8422 ) WAS AT THE MEETING TO ADDRESS THESE ISSUES. AS TO THIS, ALL I CAN SAY IS THAT THEY ARE REVIEWING THE MATERIALS AND ARE IN THE PROCESS OF FILING LEGAL ACTIONS TO ADDRESS THESE ACCUSATIONS AND ARE PREPARING COUNTER-MEASURES/LEGAL ACTIONS TO STOP THE SLANDER).***
***PETER WISHES TO REWARD CURRENT SHAREHOLDERS AND WILL BE REVIEWING WAYS TO ISSUE PREFERRED SHARES TO US.***
***PETER WISHES TO HAVE A SHAREHOLDER MEETING ONBOARD THE M/V OCEAN STAR (SAILING GREEK ISLES), WHERE HE HAS GENEROUSLY AGREED TO A 50% DISCOUNT TO ALL SHAREHOLDERS AND THEIR FAMILIES/ THIS WILL BE AVAILABLE IN FEBRUARY/MARCH 2014) (AIRFARE NOT INCLUDED)***
***IONIAN QUEEN ON SCHEDULE TO BEGIN OPERATIONS IN SEPTEMBER (LATTER HALF) 2013. PETER POINTED OUT THAT THEY ARE LOOKING AT $15 MILLION A YEAR IN GROSS PROFITS FROM THIS TRANSACTION***
***M/V OCEAN STAR TO COMMENCE OPERATIONS IN NOVEMBER/DECEMBER 2013 WITH AN IMMEDIATE $56 MILLION A YEAR GROSS PROFITS PER YEAR / SAILING ONLY 309 DAYS A YEAR AND AT A 75% OCCUPANCY RATE, BELOW INDUSTRY STANDARD/PETER IS HIGHLY OPTIMISTIC IT WILL BE MORE).***
SPORTY SPECIAL: COMING WITHIN 60 DAYS OR LESS A NEGOTIATED TRANSACTION WITH THE OWNER(S) OF A PRIVATE ISLAND NEAR BIMINI THAT HAS CONTRACTED VDSC TO TRANSPORT PASSENGERS TO AND FROM ON WEEKENDS). THE OWNER(S) WANT TO BUILD THE ISLAND UP AND HAVE CHARTERED VDSC TO LITERALLY BE THE VESSEL WHICH GETS THE PASSENGERS THERE. THE ISLAND IS CURRENTLY UNDEVELOPED BUT RAY AND I REVIEWED THE CONTRACT/VERIFIED. GROSS PROFIT WILL BE HUGE, BUT PETER COULD NOT PUT NUMBERS TO IT AS IT IS A DEVELOPING SITUATION)
To fellow VD$C shareholders,
Myself and Ray arrived for the meeting today at 3:00 pm and were impressed by the facility where VDSC is headquartered. It is on the 3rd floor of a three story building situated in the Port Everglades shipping company hub adjacent to the port itself. It is considered prime real estate and is not for shoddy corporations. I entered the corporate office and was greeted by two professional employees who directed us into the conference room where Peter was waiting. I introduced myself and Ray as well. We were both blown away by Peter's honesty and forthrightness, no question went unanswered, he allowed Ray and myself to review all of the documents/contracts and letters of intent. Everything was reviewed/verified and confirmed. The company is about to go profitable and there will be 5 PR's released over the next two weeks.
Peter wants to up list to fully reporting and then apply to the NASDAQ next year. Peter is also contemplating a cash dividend and/or issuance of preferred shares to all VDSC share holders, this is to be announced soon.
EVERYTHING HAS BEEN VERIFIED BY RAY AND I AND WILL COME TO PASS OVER THE NEXT FEW DAYS AND COMING WEEKS. I TOOK MANY PICTURES OF PETER/THE OFFICE/CONTRACTS AND DOCUMENTS
AS WELL AS THE ISLAND, I PREVIOUSLY MENTIONED. THE PICTURES WILL BE POSTED TOMORROW AS SOON AS POSSIBLE.
I believe I answered everyone's questions and concerns, if I forgot something please PM me or Ray (I am currently in I-HUB Jail, and we will respond).
Overall I went in expecting to be disappointed and could not have come away more content, only wish I had even more shares. Additional updates and pictures are forthcoming ASAP.