Here is what is going on here.....
The spin off shares of Fernhill Beverage are a dividend distribution of those shares to VGID share holders.
Rules for a dividend distribution include the declaration of an ex-dividend or Pay Date. Any share holder of record (as of 03/31/2015) who sells their shares before the ex-dividend or pay date, may also be selling their right to the dividend.
Because a "Pay Date" has not been declared, the possibility exists that the pay date could very well be sometime in the future, such as Nov 1, 2015.
In addition, Buzzy has stated that he will provide an update as to the distribution of Fernhill shares. If it were a simple distribution to share holders of record for 03/31/2015, there would be no need for an update. A simple statement of "The original date is still effective" would have sufficed to answer the question about the distribution. However, the CEO of VGID posted this statement to VGID share holders...........
"When that is completed I will be making an announcement pertaining to the distribution of Fernhill shares to V Group shareholders."
With a 12 to 1 spin off ratio, that makes each VGID share intrinsically valued at (MFOV bid @ $2.25) .1875. Even if the MFOV bid fell to $1.00, each VGID share has intrinsic value of .083 a share.
As part of the "incubation" agreement, the CEO of VGID was given preferred shares, so as to hold control over the "incubation" company, until it became a "stand alone" company. Once the merger into MFOV has been completed by Fernhill and updated by FINRA, the VGID CEO will relinquish all control to
Robert Campbell and Douglas Homis. And Buzzy (Ceo of VGID) will remain as a Board member and advisor.
As to the VGID CEO's performance, financial reports issued by VGID show, increasing revenue since going public with VGID, real products (not just promises) being sold, profitability within the first year of operation, reduction of shares by 30 million last quarter, another 100 million shares to be retired upon completion of Fernhill spin off (Reverse Dilution?) and the acquisition of VGID's very own distribution company. Also, the only remaining debt (miniscule) is from the original startup of VGroup. I would say the PERFORMACE of VGID's CEO has been stellar, compared to 98% of other companies listed on the OTC.
For Real means "Being in Tune With Fact, Honesty & Reality"
