CBD Denver Inc (CBDD)

[PRmaniac]

No, but bankruptcy would be a likely outcome, if VMGI's creditors thought there were assets to recover by forcing VMGI into receivership.

Note that their following of investors got taken to the cleaners, then the CEO abandoned the company and its website.

It is not a shell, but has massive liability and the CEO even gave himself and another insider convertible preferred shares worth around 8 billion common shares, whith the share structure is already maxed-out at 4 billion shares.

VMGI is required, by law, to keep enough shares in reserve to allow conversion of their toxic debt shares and the over 8 billion convertible preferred shares.