CBD Denver Inc (CBDD)

[PRmaniac]

VMGI Total shares authorized: 4,000,000,000 as of: June. 30, 2015
Total shares outstanding: 3,903,688,107 as of: June. 30, 2015
Note the over 8 billion shares controlled, upon conversion, by insiders and then note the share authorization. I think they need to address the convertible preferred share reserve by increasing the authorized to around 15 or 20 billion shares. I wonder if VMGI is addressing this problem with Delaware, yet?

from most-recent financials:

Directors, Executive Officers and 10% Stockholders
William F. Veve , Adam Deslauriers, Marc Albanese (1)

Number of Shares (1)
8,385,909,090 Yes, over 8 billion shares
Class
Common/Preferred

Percent of Class (1)
70.04% as a group

Chairman of the Board of Directors, Chief Executive Officer, President. Mr. Veve has been issued 90,000,000 shares of the companies Common Stock and 3,500,000 shares of Preferred Stock.
Upon conversion each share of Preferred Stock converts into 1500 shares of Common Stock.