Vantage Drilling Company Common Shares (VTGDF)

[jimr1717]

Drip drip drip.0001

[Buckey]

I think you are in error there. Vantage Drilling Company does have 650k shares of VDI if you peruse the actual SEC filing and I think even in a sticky here you will see that the 650k are listed. and that is post nov 2018 link you supplied.

However, since VTGDF doesn't file anything and doesnt even seem to be anything more than a liquidation file we actually do not know 100% if the Vantage drilling Company listed in the VTGGF filings are one in the same. I think they are but then the pps of VTGDF makes no sense then.

The only true way to figure this out is if KPMG actually published in some way the details of the file such as the balance sheet and any dusbursements or bills incurred since 2016 when VTGDF went dark

[Josie35]

VDC Note. Effective as of the Company's emergence from bankruptcy, VDC's former equity interest in the Company was cancelled. Immediately following that event, the VDC Note was converted into 655,094 New Shares in accordance with the terms thereof, in satisfaction of the obligation thereunder, which, including accrued interest, totaled approximately $62.6 million as of such date.

[Josie35]

https://www.marketwatch.com/press-release/10-q-vantage-drilling-international-2018-11-02
VTGDF has no shares Read this it's from marketwatch.

[Buckey]

I assume VTGGF saw dividends paid out. I don't know. I think that was pretty tightly held by institutions.

VTGDF can only hope that KPMG has some fiduciary duty to distribute some funds or even to liquidate the VDI shares and wind up VTGDF.

IF that is only asset and no liabilities for VTGDF then yes this is worth .50 or so. and if so why would not those in the know be buying this up?

[cfcblues1905]

VTGGF holders didn't see a dividend yesterday? I know VTGDF didn't get anything but are you saying no one holding VTGGF saw any money yesterday?

[TOUCAN]

Nobu-Su & OGIL each own 100M shares. F3-Capital is private hmmm?

https://www.linkedin.com/company/f3-capital-group/about/
https://www.f3capital.com.my/about-us/

Nobu-Su & OGIL is about to be a major benefactor here with
$VTG gave him 100Million shares in 2015 and three board seats.

[Buckey]

this is in liquidation. Noone got any money yesterday. there was no DIVVY

Now we have 250,000 shares available to buy on the ask at .0129.

KPMG now has $26 Million in addition to 650,000 shares of the private VDI. I tried contacting KPMG but nothing

[TOUCAN]

this is a value | possible RM play IMO

[TOUCAN]

OTCX at .60 (22k)

[TOUCAN]

good morning all

[TOUCAN]

interesting... #Transocean

Vantage Drilling International CEO, COO, Vice President Marketing & Business Development all worked for Transocean prior to joining Vantage
http://vantagedrilling.com/about-vantage/management-team/

Next up....... Diamond Offshore Drilling or TransOcean making a bid for the company.

[Buckey]

So as expected no one owning VTGDF shares received anything - I didn't and I didn't expect anything as no dividend has been declared for VTGDF. former VTGGF shareholders should of received $40.03 per share if they owned the stock at open on the ex date which I think was dec 10th.

The big question is WTH is KPMG going to do with $26 Million

[jimr1717]

.00001 Zzzzz

[chico2663]

Yup.2 hit the 3rd is a drip which is a day longer. I felt we were not getting it. But wish they were more transparent

[cfcblues1905]

Have your other dividends hit yet?

[TOUCAN]

Vantage Drilling management still has to issue another filing to discuss that Distributions were made.

So more communication is coming as well next steps on what they intend to do.

Stay private... or go public

[TOUCAN]

When to Expect a Stock Dividend Payment

thanks makinezmoney

If a dividend is declared, shareholders are notified via press release and the information is usually reported through major stock quoting services for easy reference. This is step one of the process, called the declaration date.

At the time of declaration, a record date, or date of record, is set, meaning all shareholders on record on that date are entitled to the dividend payment. The day following the record date is called the ex-date or date the stock begins trading ex-dividend. This means that a buyer on ex-date is purchasing shares that are not entitled to receive the most recent dividend payment. The payable date follows usually about one month after the record date.

On the payment date, the company deposits the funds for disbursement to shareholders with the Depository Trust Company (DTC). Cash payments are then disbursed by the DTC to brokerage firms around the world where shareholders hold the company's shares. The recipient firms appropriately apply cash dividends to client accounts or process reinvestment transactions as per a client's instructions.

Tax implications for the dividend payments vary depending on the type of dividend declared, account type where the shareholder owns the shares and how long the shareholder has owned the shares. Dividend payments are summarized for each tax year on Form 1099-DIV for tax purposes.

Read more about the steps involved from announcing a dividend to receiving it in these related articles - Introduction to Dividends and Dissecting Declarations, Ex-Dividends, and Record Dates.'



https://www.investopedia.com/ask/answers/102714/how-and-when-are-stock-dividends-paid-out.asp

[georgie18]

I have no pm capability...but the answer to your question is no...I have limited posts so you will not get a response from me today...

[TOUCAN]

Since the divy went out to VTGGF today, it will prolly take a few days for KPMG to release the payment to us

VTGGF is not visible anymore so we don't know whats going on after all the conversions were done.

[Santana Boy 007]

I think either KPMG or VTI are manipulating using the board here or PR releases to discourage the shareholders to sell so they can buy. The more shares of VTGDF they can manifest the less they half to pay in the end if there is ever a buyout or go private!

[Santana Boy 007]

Good story for 60 minutes!!

[TOUCAN]

I don't think it will show up there.

Its a one-off by the company
Like a Trustee payment.
You'll have to call the Vantage office

Thomas J. Cimino
Chief Financial Officer
Vantage Drilling International
[phone]
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152832303

Call KPMG's Cayman Islands number and see what they have to say.......

Phone: [phone]

[Buckey]

IN theory LOL no idea what the duty if of the receivers in the caymans. maybe they just keep the cash and keep the stock "in liquidation" in perpetuity and make up imaginary bills and draw against the cash. I was in business and I received a monthly cheque from a receiver for storing some compueters of a bankrupt company. I received them for 8 years. The computers were so outdated by them it was ridiculous

[Santana Boy 007]

I can’t see a redistribution of shares based on ownership. A company just can’t take your shares if that was the case who would invest in the first place. This can either go two ways we get payed as per the 655,094 directly or it’s given to KMPG to distribute. Well for sure we might owe to the bond and credit holders but $26,000,000 is a lot of money. Sure they’ll be seeking some Management fees but that’s a very small portion. We should have access to the financials of VTGDF and know what’s expected. If there is criminal manipulation here it’ll be seen eventually and accounted for I assure you that!! We need a response from KPMG since in reality we are paying the bill. There are questions to be asked and they should have the legitimate answers. They might be using the Caymans as Protection Haven for companies but too many strings attached to this file. They’ll eventually be marched in front of congress if not today in the future. They are too quiet to be legitimate and the dealings of how this came down speaks lots for the company. Both should be tarred and feathered for how they are handling this mess. A lot of people got screwed here and invested heavy to find out they are getting skinned. This Protection Haven needs to end for the companies and accounting firms feeding off other people’s losses!!!

[SC777]

Correct. VTGDF should be flush with cash now

[Buckey]

exactly. All OTC divvies are posted there and VTGGF was there but VTGDF has not been on the list for anything since 2015 when it was listed and symbol changed for VTG to VTGDF. However, the play here is not this divvy being paid today to VDI and VTGGF shareholders it is if the receiver handling VTGDF decides that VTGDF shareholders should get some of the cash

Just see the link...no need to go back and forth a hundred times a day...or call your broker and see if there is anything pending/scheduled...if we get it fine and if not just move on...Next...

https://otce.finra.org/otce/dailyList?viewType=Dividends%2FDistributions%2FSplits

[georgie18]

Just see the link...no need to go back and forth a hundred times a day...or call your broker and see if there is anything pending/scheduled...if we get it fine and if not just move on...Next...

https://otce.finra.org/otce/dailyList?viewType=Dividends%2FDistributions%2FSplits

[Santana Boy 007]

Good Morning

[TOUCAN]

good morning all

[chico2663]

Hopefully you are right. Not blowing smoke and disappear.

[Buckey]

I assure you that if you owned VTGDF anytime from 2 months ago to today your divvy will be ZERO.

If you owned VTGGF you will receive $40.03 per share

[chico2663]

Well I am also supposed to get divy from 2 other companies today and they also haven’t deposited. Hopefully the day will be fruitful for vtgdf.

[chico2663]

Well I am also supposed to get divy from 2 other companies today and they also haven tbdeposited. Hopefully the day will be fruitful for vtgdf.

[Buckey]

VTGGF shareholders should of seen a conversion of shares already and should see cash today.

VTGDF holders like myself will only receive something is KPMG decides to do something with those assets IF they still own them inside of the CTGDF shell

[cfcblues1905]

VTGGF holders, what are you seeing so far??

[montgco]

Hmmmm, my brokerage account is the same cash amount today as it was yesterday...oh that can't be right!

[jimr1717]

No divi, just bag holding

[Santana Boy 007]

Nothing in the bank yet!!!

[Buckey]

that is the CFO of VDI which is a PRIVATE COMPANY. I am sure he would love to hear from everyone regarding this.

This CFO has nothing to do with VTGDF - NOTHING. other that VTGDF may own 13% of teh shares or 650,000

[makinezmoney]

$VTGDF: HAPPY DIVY DISTRIBUTION DAY !!!!!!!!!!!


Lemme see........... give this guy a call, he'll fill you in.



Thomas J. Cimino
Chief Financial Officer
Vantage Drilling International
[phone]



Distributions are coming from the as was the Press Release


GO $VTGDF

[Santana Boy 007]

I figured this board would be rockin this morning. Today is the day to settle the talk...who was right and who was wrong!!!!

[Santana Boy 007]

What time are we getting paid Makinezmoney?

[Santana Boy 007]

Anybody get paid yet VTGGF or VTGDF shareholders?

[Santana Boy 007]

Yes Buckley we haven’t heard anything from KPMG

[Buckey]

I talk with KPMG weekly but have no idea what the situation of this "liquidation" entity called VTGDF. NO idea if they have any duties to the shareholders of VTGDF. really never been any filings post CH11 emergence that detail much

[chico2663]

KPMG is here in htn .they are a world wide office. I think they and vdi use caymans because of no laws

[Buckey]

The ONLY people who know anything about VTGDF are those KPMG accountants in the caymans. Not even sure what rules they are bound by in the very unique situation. no financials. No employees, no operations. just a shell that may or may not own those 650,000 shares. And may or may not be receiving $26 million in to the shell. do they have an obligation to re-distribute?

[cfcblues1905]

A few post before that one, he also said "it will stop trading soon". That was almost 4 years ago. So who really knows? I'm interested in the Wall Street guy's response about either being golden or getting screwed. LOL

[Buckey]

LOL yeah thats about where i have it

either we are golden or if they are crooks they will never make us good. Jury is out.