Wednesday, August 03, 2016 11:39:44 AM
excerpt:
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.
Note that elsewhere, the CEO confirms that, "Total shares authorized: 4,000,000,000 as of: Dec. 31, 2015
Total shares outstanding: 3,903,688,107 as of: Dec. 31, 2015
I see that OTC has put up the big red stop sign warning
"NO INFORMATION" for investors on the quote page for VMGI.
Here is the pinksheets (OTC) warning about VMGI
No Information
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via OTC Markets Group's News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
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