Victory Oilfield Tech Inc (PK) (VYEY) News

Here it is in the 10Q,
On January 1, 2024, Victory completed a merger agreement with H2 Energy Group Inc., a Delaware corporation (“H2EG”) (the “Merger”). As a result of the
Merger, a change in control of Victory occurred, and H2EG became a wholly owned subsidiary of Victory. On January 1, 2024, Victory completed the sale of
Pro-Tech to Flagstaff International, LLC, a Delaware limited liability company. On January 11, 2024, Victory amended its Articles of Incorporation to
authorize 2,000,000,000 common shares and change its name to Victory Clean Energy, Inc.
H2EG uses scalable and modular technology to produce low-cost hydrogen-rich syngas from renewable woody biomass. The Company plans to construct a
renewable hydrogen production facility and install four hydrogen refueling stations in California

I cannot find that news on the wires anywhere, please supply a link to the merger news.

Got some .70’s.

$VYEY -To Merge w/ H2 Energy Group Inc., at the forefront of the Hydrogen power revolution
To close in the fourth quarter of 2023
Up 197% / Current Price $0.84

VYEY now pink current

Went Yield sign current today
582k shell @.23

Has potential
It’s on my watch list.
Now who brought it current snd what the motivation in here other than aR/M?

Victory Energy Corporation name changed to Victory Oilfield Tech, Inc.

http://otce.finra.org/DailyList

VYEY one for 38 reverse split:

http://otce.finra.org/DLSymbolNameChanges

Congrats to all longs. It took a little time. Patience is bitter but its fruits are sweet.

Thanks. Still holding.

Very small quantities of shares traded. Means nothing at this point.

We just need to wait in until the valuations from the reverse split of 38 to 1 are posted. That being after the share holder upcoming meeting in November.

i see some action today.

Any thoughts here................likely they are drying out after the effects of Harvey.


Do you think that they had to postpone the Sept 1 meeting and vote on the new business combination?


Strange that no news was released about this meeting. O

Thks,

Nothing really new here. Just a brief statement of the high points of the 8K announce.

I just guess that we will have to wait until after Sept 1 shareholders meeting for the final answer of valuations.

But it seems to me that this is a better business direction for VYEY. This given that they have struggled for years to move the needle with their exploration efforts. And also failed business combinations.......

Remember LEI of a couple of years ago. Would have been a great move but it failed to happen for some reason. Still left unexplained.

Sister still on vacay, found this elewhere, did not yet read, just copied and pasted for now.. Will read later.

Victory and Amacor went ino an agreement where Victory will be able use AMacor's intellectual property for no fee and Amacor will contribute 5 Million to Victory to help them grow.
and then Victory will have a reverse split of their common stock and then thy will have more authourized common stock that will allow a conversion of theirpreferred stock.
Victory and Navitus Energy Group (“Navitus”) entered into a divestiture agreement pursuant to which, upon obtaining Shareholder Approval, Victory will divest its 50% ownership interest in Aurora Energy Partners (“Aurora”) through the sale of such interest to Navitus;
Each of the AVV insiders and Victory insiders entered into a lock-up and resale restriction agreement imposing transfer restrictions on the VYEY stock received in connection with the transactions contemplated by the Transaction Agreement and related agreements; and
Victory and Kenneth Hill, the Chief Executive Officer of Victory, entered into an amended and restated employment agreement.
• Upon obtaining Shareholder Approval:
AVV will fund the remaining $5 million in cash to Victory (less amounts contributed during the period prior to the Shareholders Meeting);
The Board of Directors of Victory will be expanded to seven members and AVV will appoint the additional member, giving AVV control of Victory;
The Series B Preferred Stock received by AVV will convert into common stock constituting 90% of the issued and outstanding common stock of Victory on a fully-diluted basis, after giving effect to the issuances of all securities of Victory contemplated by Transaction Agreement and related agreements; and
Victory will transfer its interest in Aurora to Navitus and no longer engage in the upstream oil and gas exploration and production business.

Hi there,

My sister should be back from vacation sometime this week but in the meantime got this email from Kenny.

Kenny Hill <Kenny@vyey.com>
10:17 AM (37 minutes ago)

to me
Please refer to the 8-K filing and related exhibits that were filed for this transaction last week, including the stock option grant that is the topic of your question. All such documents can be found at the company share listing service OTC Markets http://www.otcmarkets.com/stock/VYEY/filings

In the future, please direct your investor relations questions to the IR firm listed on our press release.

Investor and Media Contact:
Al Petrie Advisors
Clay Jeansonne
713-824-6368
clay@alpetrie.com

Ok, no problem, can you go to another board by the name of $R C G R? and tell me what you think?

Do you think VYEY will be effected by Hurricane Harvey?

Hi,

Sorry about it but I do not use twitter.

Perfect thanks and look forward to success!

Sure, what is your twitter handle?

I am waiting to hear from Kenny. If I do I will post.

Followed you back Vinnie

Can you please include me. I love your plays, you have a real eye for this!

Perfect. I have tried to get in contact with u via twitter. I sent you a message check it out.

And you know what's good as always. I joined the party!

Look forward to it and as always thank you!

No worries. I know you meant well.... just saw the form form 4 Code A
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12251294

Can you follow me on twitter shoshana@shanak10? I want to ask you about another stock I am in but cannot post ticker here. Thanks

lol.. How did you find me here? I will have more DD next week when my sister the auditor returns from vacay.

I am home. We doing this again?

I have to ask, what will be the share structure after the deal is complete on September 1?

From what I read, the deal looks favorable, do you have the same sentiment?

As always thanks in advance!

OK, I get the gender..........buy Hi Guys, could be either. Didn't really mean to offend..

I fall on the man side of this all. Just so you know.

Kenny Hill posted SEC form 4

7,500,000 shares at $.04 per shares.

Strange to me that this was posted before the deal closed on September 1

Mostly these stock incentive grant awards are posted to Form 4 after the date of the grant.

Who knows why.

So 7,500,000 @ $.04 is $300,000 vested over 36 months.

So he is getting approx. $100,000 per year.

Seems very reasonable to the CEO who put this deal together.

Question is for me is this the pre reverse split share or after the deal is made.

A lot to questions here. I just guess we will have to wait.

Hi. I am a Hi girl. My sister will be back next week. Doing same, just watching for now.

Hi Guy,

Thanks.......hopefully your sister can add some understanding when she returns to work.

At this point I am watching the action. No real share counts here.

I guess from statements in the 8k that we will see more details after September 1.

So at this point I am waiting not adding to my position.

GLTU

Hi there, my sister is on vacation out of the country. Nice action today so far. Happy trading.

http://www.liquidmetal-coatings.com/

thks

I forwarded the 8K to my sister who is an auditor with the hope that she can clarify more to me. Will keep you posted once I hear from her.

Hi Guys,

Yes, I did see the 8K...........Details are beyond my pay grade.

But not mention of share dividend for current stock holder.

Trying to figure out the market cap after the transaction.

Stock was issued at different price points. With several levels of convertible stock.

Had to figure out.

Any thoughts on you end?

8K https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12249253

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Hi Guys,

I added more yesterday at $.10

Looking to add again soon.

Likely the real move will be after they have the board of directors meeting.

File an 8K to detail all of the new business combination.

There will be time to make money as this company starts to get some real revenue with proper sec reporting valuations.

Good luck Shanak 10!!

I think you and I are the only ones still holding VYEY Great action today.

Thanks for your post. Holding.

Hi Guys,

Great business development news! Last 10Q shows approx. 31 million shares outstanding.

Current price per share at $.10 Market cap at approx. $3.1 million dollars.

New release stated current valuations at $20 million.

This stock should trade up to these valuations with the next couple of weeks.

Price target set at $.50

You hear it here first!!!!

https://www.otcmarkets.com/stock/VYEY/news/Victory-Energy-Announces-Agreement-for--5-Million-Financing-and-Entry-into-Exclusive-Sublicense-with-Armacor-Victory-Ventures?id=167915&b=y

If you look at the daily history of trades for the past couple years, you will see that often, when the price is down, someone purchases a few shares at the end of the day, for a higher price than is current. The result is that the end of day price is the same as the start or higher.

Hi:
I have been gone for a long time - and just saw your note. Bob Miranda is one of the good guys. I was a Board member from the past - the only one who saw what was happening. I went to the SEC, and they directed me to bring in the FBI. The CEO was booted and Miranda cleaned up the books. Things looked like they were going to be good - for a while. Now, VYEY looks like a typical development company of this size in the oil business. They will never make shareholders anything, until they do what they are hoping - to be purchased by a large oil entity in need of their properties. And, willing to pay for the properties.

Everyone die over here?

I noticed you past post on Jon Fullenkamp back in 2008.
There still here and back for more. GRPR. Jon is President of Direct Capitol Funding located at an apartment building listed address 2930 La Costa Ave Carlsbad, CA 92009. Verify with SEC records when you investigate GRPR. His crew includes many. Blackbridge Capitol possibly out of New York. But Edward Aruda Carlsbad. Google this.
Take a look at Right Energy Inc, Santa Rosa Resources, VET Online, GDET, oh, how the list of companies go on friend. We got sucked in GRPR back in 2008/2009. Been watching ever since. I really should of done my homework back than. But failed too. Rode the horse to instant death. Most penny stock are a scam. But not all of them. Some do try and attempt to make real business. You win some and lose some. I just wanted to contact you to let you know about other companies if you have not looked further and just focused on the one you are stuck in.
If you are a real injured shareholder. Make complaint with SEC. I am.
You can only repeat these actions till the writing is so clear and evident that a judge and jury will not be fooled that you are a bad business individual and should just dig a ditch for a living. They'll dig their graves when people complain to the hilt. Anything these individuals touch. Is a scam and beware. My opinion from my research. If you are riding along to capture profit and get lucky when their scam is working. So be it. But realize eventually their is a crash. .0001 till R/S or bankruptcy or just failure. Watch out for the rinse and repeat. What they do. Look at all the companies that they are connected to.

The second very good conversation I had was with:

2) Kenny Hill. It was a very good conversation and he gave me a very respectful amount of his time. We discussed his vision and plans for Victory and the opportunities Victory is positioned to take advantage of. I feel very good about Victory for the first time in more years than I can remember. Kenny understands the business and how to grow the company through acquisition. I think he definitely has the banking and investment banking relationships behind him to successfully complete a major acquisition that will allow Victory to move to NASDAQ or the NYSE, which is the plan and the path that management is on. They tried to do the Merge/Acquisition with Lucas Oil, but there were problems that came out in discovery and due diligence.....unfortunate, but it is a risk of business. I think we are fortunate we have a CEO with the experience he has so we did not get stuck in someone else's mess.

I have suffered through two Reverse splits from previous management, and my break-even is about $10 a share....I plan to bring that value much lower in the coming weeks.

For the first time, I feel Victory shareholders are in very good hands. Our valuation and our share price is very small, and I expect that to grow tremendously in the near term. I think we can't go wrong buying the stock down here when no one else is buying!

I have been holding this stock for over 12 years now. Last week I had 2 very good conversations with:

1) Derek Grawell the IR rep from MZ Group. He is a very sharp guy. He understands what Kenny Hill is trying to do, and he has a very good grasp of the opportunities that are in the market. He has come to know Kenny very well and has a deep respect for the man. Kenny is a very intelligent and successful businessman and he is not here to build a little oil company....

Many oil companies are extremely over leveraged with the price of oil down here, and they have to sell off some assets. Victory has credit facilities and investment banking relationships that put them in a very strong position to acquire a potential major asset, oil producing, cash flow positive in good size fields with acreage for additional drilling locations.

I really think we come out of this downturn in the price of oil a MUCH stronger and much higher valued company.

I am looking to add to my position for the first time in many years.

One thing many forget about in the USA glut, is it should be worse as 3 recent oil train derailments keep a bunch of oil from the Dakotas out, many companies are in long term drilling commitments but seems like industry believes above 60 next year...

I wish someone could explain to me how and why this stock declined 20.55% (-0.0596) on one single trade of 1,000 shares at about noon today. This movement seems manipulated, rather than a market response. I own 63,000 shares.

I'm glad you did make some nice money off this...Good luck.