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mike, a key term in many VLDC press releases is "will" ... as yet, I've detected little evidence of actual lending activity or other commerce from Virtuallender. Maybe I'm missing it where I'm looking. I've found no press releases with information about revenues, capitalization or earnings, other than 99 and 00 "estimates." Their Investor Relations page at their website talks about the online lending market, and about their plans, but I could find no representation as to their actual trailing revenues, capital or earnings. If you have some information about that, perhaps you could point it out to us.
I did find that until February, Virtuallender was called "Golden Chain Marketing," trading under a different symbol.
"SAN BRUNO, Calif.--(BUSINESS WIRE)--Feb. 19, 1999--Golden Chain Marketing (OTC BB:GCMK - news) announced today that it is changing its name to Virtuallender.com, Inc., its symbol to VLDC and its cusip number to 92825R. effective Friday, Feb. 19, 1999."
Also, on that day, it reverse-split four for one.
"Friday February 19, 2:30 pm Eastern Time
Company Press Release
ADD to BW0105, CA-GOLDEN-CHAIN
ADD to BW0105 (CA-GOLDEN-CHAIN) after last sentence of release xxx In addition, the company announces a four for one reverse stock split."
I've kinda struck out finding any history on this outfit prior to last month. No match in SI for GCMK.
I'm curious and hoping you could tell us about Golden Chain Marketing, since you brought them up here and obviously have an interest in them. Its the same company, just with a different name and symbol, right? Or is the press release mistaken?
You apparently have a lot of knowledge about and confidence in this company, judging by the number of threads to which you've posted info about it, as listed in your profile. Can you tell us what Golden Chain Marketing did, perhaps?
Doug
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