CBD Denver Inc (CBDD)

[PRmaniac]

Wow, dumping.....I sure cannot ignore the fact that VMGI is dark/defunct and that the share structure is maxed-out.

There also is the little problem that Veve and an insider were given (by Veve) "convertible" preferred shares, each worth 1,500 common shares each. Per the bylaws, these are not just regular preferred, but convertible. They can now be converted to over 8 billion common shares.

VMGI is supposed to have enough common shares authorized to accommodate their current toxic financing notes and the convertible preferred shares. With the 4 billion authorized maxed-out, Veve would need to raise the authorized or do a reverse split (keeping the authorized the same). I doubt he will get current anytime soon, because VMGI is already flat broke and owes a lot of money.