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Indeed.
He must have been exhausted from counting the 7,465,850,472 billion shares by hand,
or from toting up the $0 of revenues.
At the begin of T. presidency, it was found out that both Cohen and Giuliani were "on the take";
they were recieving fat retainers from various companies for bogus legal work.
In effect, they were providing *access* to the Prez. For a fat fee.
I recall Giuliani was receiving money from a Japanese airline company for his expertise on airline reservation software.
I'm certain Rumpty-Drumpty will b!tch about Biden tapping into the Strategic Petroleum Reserve to lower gas prices around the 4th of J.
How dare he lower gas prices ? That's playing politics with gas prices!!!
The conviction has no immediate effect on $DJT stock price, right ?
Years ago, the (same) CEO said that he would obliterate the $horts
... by making the company obscenely profitable ....
And then nothing happened.
DJT was so adorable when he whined "how come they didn't sue my idiot sons alongside me? The signed some of the checks too!".
Throwing his sons under the bus. Classy.
Judge Thomas is not influenced at all by the political stance of his wife,
but judge Merchan is totally influenced by his daughter.
Anyhow, Republican felons ought to be judged only by Republican judges,
and Democrat fiends ought to be judged by Republican judges too.
To appeal a ruling, you must argue that the judge made an Error in Law (and that you objected to it and filed a Motion to Reconsider during the trial).
Just saying that you didn't like the Ruling won't cut it.
And it is an uphill battle to prove the judge was biased. You need convincing evidence.
Not "he ruled against us when our lawyers said something bonehead stupid".
I could't wrap my mind around DJT's defense, if any.
1) I didn't had an affair with the Stormy.
2) Somehow Cohen and my accountant stole $130,000 from me to give it to Stormy to sign an NDA for no reason at all.
(including a bonus for Cohen for a job well done)
*3) I sued Stormy for violating the NDA I was totally unaware of, and I won !
4) The jurors didn't believe me. RIGGED TRIAL!
Or you can spout wild accusations non-stop,
like claiming that the other side cheated in the elections,
without ever providing any scintilla of proof whatsoever.
Either the trial was fixed
or he's guilty as sin.
Guess whose side had the evidence ?
Yes, it's a pity that all the monies that ought to go to elect Republican candidates
all go to the bottomless abyss of DJT's legal costs and hapless lawyers.
What's not to like in his electoral program ?
If any.
The Republican Party stands foursquare behind their felon candidate.
Anyhow, he'll Pardon himself as soon they re-elect him.
They don't care how many women he molests, nor how many accounting books he cooks,
nor how many lies and death threats he spouts.
Will DJT start selling a new GUILTY poster, and NFTs of it ?
Or new Jail Bibles ?
That'd be Saint Teresa of Calcutta to you, Janice,
since she has been properly Beatified and Canonized by the Catholic Church.
And Trump invoked Her name in vain.
He even blamed Mother Theresa for having slept with the pr0Nstar, and then monkeyed the accounts to hide the hush money payments...
The US inflation rate was 7.5% in January 2020, and reached 9.1% in June 2020, then went steadily down.
Well done, Joe.
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
But, but, but
according to DJT, he has Absolute Immunity,
including for crimes comitted before, during and after his presidency ...
As soon he regains power, he'll have his stooges create Absolute Immunity. ...fror Republican Presidents only, of course.
4th Quarter of 2022, the Company secured $26 million in bond financing for its decentralized social media platform, Digitalage. Underwriting was scheduled for completion in Q1, 2023. Digitalage requested for additional resources from the bond financing trustees, totaling over $50 million, to accelerate product development. The previously announced $5 million mezzanine round has not materialized as anticipated, and has affected timing for platform launch.
The company still has $38 in cash. Maybe it should announce a dividend.
$38 divided by 10 billion shares, that makes how much in dollars per share ?
They're losing money mining crypto instead of imaginary pancakes-in-bottle non-sales.
Progress!
BrewBilt has $2M of Orders ?
Peanuts. VTNL had $9M of orders...
Isn't it nice that a company with no money at all, and no history of successful operations can "acquire" a money-making company for … $0 ?
1) There is no meaningful revenue.
2) The debts are all convertible into VTNL shares, at a steep (50%) discount.
The debts CANNOT be repaid with cash. It is so specified in de debt covenants.
Of course, the dilutive debt conversions will adversely affect the share price, because the debt holders make a profit by selling immediately after conversion, at any price.
...And he didn't pay for his shares.
Dan Rushford hold 8,008,834 (77% of O/S)
You'll notice that his shares were dilution-proof and Reverse-Split-proof...
You cannot undo the effects of the Reverse Split, which wipes out the equity of the hapless shareholders, nor the huge convertible debt, which undermines all the future trading value of VTNL shares.
Wonders never cease: VTNL will "acquire" a "money-making" company in a cashless transation.
The "acquisition" is cashless because VTNL is dead flat broke.
The "acquired" company is probably in debt with the same lenders, so they're shuffling worthless companies around in the hope of selling a few billion shares to gullible "investors".
Remember, each dilutive share costs far less than $0.0001 to make up from thin air.
It'll sure help the debt holders to hyper-dilute VTNL's shares all over again.
Will VTNL launch a CBD beer for dogs ?
The book value of Re-Medical seems to be $0, as far as one can tell from HPNN financials, such as they are.
The company is NOT a manufacturer.
What they sell (or mostly, not sell) is "white label" pot-laced dog food made by someone else with a VTNL stamped on.
It's as if VTLN was selling someone wlses's product, and was receiving a commmission.
$136 of sales is 2 or 3 orders. In 3 months.
They cleared $83 of gross profit on that.
Pity the company spent $3 million dollars last year, and have nothing to show for it.
No sales, no assets, no inventory, no employees.
Just debt. Convertible debt.
Think about it.
New financials !
Total current liabilities: $3,140,506
(including a $1,322,116 derivatives liability)
Quarterly sales of dog food: $156
Loss from Operations: ($36,023)
Net Loss: ($262,595)
Have you looked at the huge amount of convertible VTNL debt ?
That means billions of dilutive shares will hit the market in the near future, diluting both current and future shareholders into $0.0001 oblivion.
The purpose of the recent R/S was to facilitate de dumping of dilutive VTNL shares.
As soon as a penny stock starts borrowing heavily with floorless convertible debentures, the writing is already on the wall.
It's called a Death Spiral.
The stock plummeting to $0.0001 (or less), followed by a R/S, then the fall back to $0.0001. And then another R/S...
Several dubious penny stock companies actively help their lenders selling their newly minted dilutive shares by making great announcements that never pan out.
VTNL(D) 's record is terrible. Remember, they claimed to have $27 million dollars worth of "Orders" or "Supply Contracts".
In the same timeframe they claimed that they would proceed to a shares buy-back. (Which would have been illegal).
Last year, VTNL explained away the very poor Q2 results (the CEO had alluded to $1.5M of sales) by blaiming the California wildfires…
The mind boggles if they will attempt to re-use the very same excuse this time.
Yes, most of such R/S stocks lose value from Day One, and then keep going down till they reach $0.0001 all over again.
Don't forget that there's a heavy backlog of Convertible Debentures (debt) that are just waiting to be dumped.
The main winner from a R/S of that type is always the CD lender.
Or, in this case, lenders: Auctus Fund, EMA Financial, Emerging Corp Cap, Power-Up Lending and APG Capital: $902,247.
It will be much too late by then.
I'm told it is difficult to trade (sell) shares of a stock during the first week after a R/S, because your broker has to convert your old shares into new shares, or something like that.
Anyway, people should have sold as soon a R/S was announced, or, better, should have gotten out when they saw the company take immense converible loans.
Convertible debts means that billions of new shares will be issued in the future.
When a company does that, they are borrowing from their current and future shareholders. It's the shareholders that will have pay back the entire loan, + a 50% "discount". Plus interest, of course.
In rare cases, a R/S might be disallowed.
But it is extremely rare, even with companies that do multiple, semi-fraudulent, Reverse Splits.
VTNL is deep in debt, but it's all convertible debt, so the only people that will actually lose money are VTNL current shareholders, and VTNL future shareholders. And maybe the shylock lender too.
The announced, but apparently stalled Reverse Split, will help the lenders to dump shares, when it takes effect.
It was a regular White Label practice.
If your supplier offers White Label product, you can get your own logo on the product, for a sizeable minimum order.
That why VTNL was buying $30,000 (cost) of products from their supplier, for the first 2 quarters of 2018.
Buying $30,000 (cost) of stuff and then selling only $5,000 (retail) of it is a sure-fire way to BK. You end up writing off and destroying the excess inventory.