CBD Denver Inc (CBDD)

[PRmaniac]

Reverse split? Or raise the authorized to 12 or 125 billion shares? Or just go belly-up while Veve seems to be in hiding.
Company website is gone. Company has quit filing even unaudited financials. The last annual report included false info on share structure, claiming it had only 500,000,000 common shares authorized (See dilution warning from VMGI), while elsewhere VMGI indicates it has 4 billion shares authorized.

The insiders have preferred shares, each worth 1,500 common shares. These shares will total well over 8 billion additional common shares, when converted.

Unfortunately, VMGI common shares are maxed-out at their 4 billion share authorization.

I wonder if Veve and the insider will have to answer for giving themselves shares worth over 2X the previous VMGI market cap?
Shareholders should be quite concerned that Veve would purposely destroy all shareholder value just to give himself special shares.