Vogogo Inc (VGO.DB) News

It's on!

Nice movement here last few sessions. It looks like BNN has a few followers!

Anyone here?

Anyone here?

Yes, this is one investment I have been in since inception (seed funding), just now getting going after finding a qualifying transaction (subject to shareholders of both groups). It probably will not remain SouthTech Capital in name after the shareholders meeting but the symbol should remain.

The product will be Vogogo- a private company doing a web site payment system.

Nothing will happen until July anyway, but keep an eye on this one when it gets off the "halted for news" freeze. This is how it is done in Canada- halt for news, wait for a period of time and then resume trading to give the market time to obtain the information and some moments to digest the information.

Vogogo (the product)

[url][/url][tag]Link to the Qualifying Transaction[/tag]

The trading remains halted until at least July as the Shareholders need to approve the deal and the exchange must be satisfied of all requirements.

About Southtech

The Southtech Shares are listed for trading on the Exchange under the trading symbol "STU.P" and Southtech is classified as a "capital pool company" pursuant to Policy 2.4 of the Exchange. As a capital pool company, the current business of Southtech is to identify and evaluate potential acquisitions of commercially viable businesses and assets that have the potential to generate profits and add shareholder value. Except as specifically contemplated in the policies of the Exchange, until the completion of a Qualifying Transaction, Southtech will not carry on business, other than the identification and evaluation of companies, businesses or assets with a view to completing a Qualifying Transaction.

SouthTech Capital is a capital pool shell seeking a qualifying transaction, which they have just announced. They are listed on the Toronto Venture Exchange under the ticker STU.P

Redfall is a private company that has operating revenue and is seeking to go public, thus the arrangement with SouthTech Capital.

About Redfall

Redfall, incorporated in 2008, is a payment processing business that has spent recent years developing and launching a new payment gateway technology called Vogogo (vogogo.com) ("Vogogo") that serves as the central point for transaction processing between business, customers and banks. Vogogo includes comprehensive risk management and KYC processes, meets the highest security standards and is combined with a bundled suite of payment services. As well, the Vogogo platform runs entirely on a cloud-based hosting platform. This unique combination gives Redfall the security, flexibility and scalability to meet the demands of a market place driven by technology. Vogogo has been tested in close coordination with its early adopters (beta users), having successfully processed hundreds of millions of dollars of electronic transactions to date. Redfall is moving forward with its plan to commercially market the Vogogo platform to businesses in the United States and in Canada.

Merger news


The completion of the Qualifying Transaction is subject to a number of significant conditions including, but not limited to: (a) shareholder approval by the holders of Redfall Shares and Southtech Shares, (b) the receipt of Exchange approval of the Qualifying Transaction; and (c) the completion of the Private Placement. Redfall and Southtech intend to hold meetings of their respective shareholders in July 2014 to obtain the approval of such shareholders.