The Times Are Changing for ALAS International Holdings, Inc. (OTCMKTS:VDSC)
ALAS International Holdings, Inc. (OTCMKTS:VDSC) aka PV Enterprises International Inc. have once again started to get the attention of the market rising by 250% for the last two sessions. Traders have expressed quite serious interest in the stock shifting the almost record number of 69 million shares yesterday. Despite the increase in popularity the ticker remains quite volatile opening at $0.1 but quickly falling back into double zero territory closing at $0.07.
The hype around them is just beginning to gather momentum. Yesterday they finally announced that FINRA has decided the dividend given for the spin off of their subsidiary IMAG Group Inc will be 1-for-176.5. The record date has been set to August 12. The name change of VDSC to PV Enterprises International Inc. is also going to become official as of August 19.
At least this time around the hype isn’t created by any pump newsletters as was the case in the beginning of July when the last major rally of the stock happened. Currently traders are excited because VDSC are supposed to issue a formal news about M/V PORTO commencing operations. But investors should always keep in mind the Korean charter agreement that was supposed to bring in million of revenues.
Taking a look at their latest financial report will show you how far they have progressed with the business plan of offering cruises around South and Central America:
- Zero Cash
- $926 thousand total current assets
- $6 million total current liabilities
- Zero revenues for the period
- $592 thousand net loss
And although the CEO allegedly said that they “will not do dilution of VDSC shares” according to OTCMarkets the outstanding shares as of June 5 are 494 million out of the 535 million authorized.
With all the speculations flying around VDSC remains a risky bet. Until an official news has been released about their future operations it is best to remain cautious and do your own due diligence.
Yesterday the medical company Aethlon Medical, Inc. (OTCBB:AEMD) suffered a harsh correction and dropped by 30% to $0.18. In early trading today the company is still retracing its steps downwards. Sanborn Resources Ltd (OTCBB:SANB) are also falling fast to those price levels after losing nearly half a dollar of their value in just 4 sessions.
