In my opinion, if the transfer agent or William Veve disclose that the outstanding shares have now more than doubled once again, the attorney would not have "adequate" information to form an opinion. The company is required to provide adequate info (including results of the dilution spree).
Note that the false info filed in their "Risk Factors" should also be corrected.
Excerpt from annual report:
You could be diluted from the Issuance of additional Common and Preferred Stock. Verde Media Group is authorized to issue up to 500,000,000 shares of common stock and 10,000,000 shares of preferred stock. To the extent of such authorization, our board of directors will have the ability, without seeking shareholder approval, to issue additional shares of common and preferred stock in the future for such consideration as the board may consider sufficient. The issuance of additional common stock in the future may reduce your proportionate ownership and voting power.
Now, here is the share authorization and outstanding shares indicated elsewhere in the same report
Total shares authorized: 4,000,000,000 as of: Dec. 31, 2014
Total shares outstanding: 1,337,044,607 as of: Dec. 31, 2014
Get current share structure from the transfer agent below. If VMGI is not paying the T/A for disclosure to shareholders, you may have to contact VMGI directly. Please post any info received regarding how close VMGI is getting to their 4 billion share authorization, to help shareholders with their DD.
Transfer Agent
Olde Monmouth Stock Transfer Co., Inc.
200 Memorial Pkwy
Atlantic Highlands, NJ 07716
Phone: 732-872-2727
