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To: D. K. G. who wrote (411)1/15/2008 11:06:54 AM
From: D. K. G.  Read Replies (2) | Respond to of 484
 
VTLAF.PK .04 - 1/300 R/S cash out fractional shares @ .44

Pinksheet stock so buyer beware. Filling with SEC so looks O.K.

secinfo.com

Share Consolidation
The procedure proposed for the implementation of the “going-private” transaction is a consolidation of the Company’s share capital through which every 300 Existing Common Shares will be consolidated into one New Common Share. Apart from having a different nominal value, the New Common Shares will have the same rights as the Existing Common Shares.
Shareholders will not be entitled to receive fractions of New Common Shares arising from the Share Consolidation. In lieu of issuing fractional shares, the Board proposes that each Shareholder will receive cash consideration of $0.44 for each Existing Common Share held by such Shareholder at the Effective Time but which is not converted into a New Common Share in the Share Consolidation. Payment in respect of any fractional share entitlement (where appropriate) will be made promptly after the Effective Time.

Shares in street name O.K.

secinfo.com

Procedure for Shareholders who hold shares in street name
Each shareholder who holds our Common Shares in street name will be contacted by their broker or other institutional manager who will notify them, based upon their respective holdings of Existing Common Shares, of the number of New Common Shares and/or cash payment in respect of fractional share entitlements, such Shareholder is entitled to receive under the Share Consolidation. Such Shareholder’s representative will electronically transmit their shares to our exchange agent.