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Virtual Medical International Inc (QEBR)

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QEBR

Virtual Medical International, Inc.

 
 
 
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PUBLISH DATE
TITLE
PERIOD END DATE
11/15/2021 Notification of Late Filing - Notification of Late Filing 09/30/2021
10/07/2021 Attorney Letter with Respect to Current Information - Attorney Letter, Amendment No. 1 06/30/2021
10/07/2021 Quarterly Report - June 30, 2021 and 2020 Quarterly Disclosure and financial statements - Amendment No. 1 06/30/2021
09/17/2021 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 12/31/2020
09/01/2021 Quarterly Report - June 30, 2021 and 2020 Quarterly Disclosure with Financial Statements 06/30/2021
09/01/2021 Quarterly Report - March 31, 2020 and 2019 Information and Disclosure with Financial Statements 03/31/2021
09/01/2021 Annual Report - December 31, 2020 and 2019 Annual Disclosure with Financial Statements 12/31/2020
03/30/2021 Notification of Late Filing - December 31, 2020 12/31/2020
11/23/2020 Quarterly Report - September 30, 2020 and 2019 09/30/2020
11/16/2020 Notification of Late Filing - Notification of Late Filing 09/30/2020
https://www.otcmarkets.com/stock/QEBR/disclosure
NOTE 11 – OTHER EVENTS (continued)
certain Licenses to Cultivate and Export Medical Grade Cannabis from Zimbabwe. Under the terms of the agreement, the Company was to pay an exclusivity fee of $250,000 within 24 hours of execution. The exclusivity fee was subsequently extended to be payable on or before September 30, 2021. The consideration for the shares of Eco is $110,000,000 payable by way of the issuance of common stock of the Company and a capital injection of $20,000,000 by way of a corporate loan at 5% interest payable yearly in arrears with a maturity date in ten years. Or as cash for stock based on the valuation per share on the $110,000,000 purchase price. The proceeds of the $20,000,000 loan will be used to pay corporate finance fees of $4,000,000 and to pay $4,000,000 to certain shareholders including $2.800,000 to Goldman & Sons. Also to include any bridge lenders advancing funds prior to completion of the acquisition. The remaining funds will be used for further expansion and working capital. Under the terms of the the agreement, the Company has agreed to undertake a $50,000,000 best efforts Reg A offering statement.
NOTE 12 – STOCKHOLDERS’ EQUITY
Preferred Stock
As of June 30, 2021, the Company had authorized 45,000,000 shares of Preferred Stock at a par value of $0.00001. We have two classes of Preferred Stock designated as of March 31, 2021.
Series B Preferred stock
The Company designated 45,000,000 shares of Preferred Stock as Convertible Series B Preferred Stock at a par value of $0.00001. The Series B Preferred Stock has the right to vote alongside the Common Stock at a ratio of 1:1. Additionally, the Series B Preferred Stock must approve certain significant corporate actions with the approval of the Series B Preferred Stock voting separately as a class. The Series B Preferred Stock is not redeemable by the Company. The Series B Preferred Stock converts into Common Stock at a ratio of 1:1.
During the year ended December 31, 2020, 25,000,000 Series B Preferred stock converted to 25,000,000 shares of common stock. As of June 30, 2021, and December 31, 2020, 11,470,893 shares of Series B Preferred Stock were issued and outstanding.
Series D Preferred stock
 On June 25, 2021, the Company entered into a Heads of Agreement with Eco Equity Ltd. (“Eco”) to purchase 100% of the shares of
 Eco, a company that owns
  On January 29, 2021, the Company amended the authorized preferred shares to authorize and designate Series D Preferred shares in the amount of 30,000,000 Series D preferred and to amend the designation to reduce the designated Series B Preferred stock to 15,000,000
 shares of Series D Preferred stock.
   There are a total of 30,000,000 shares of Series D Preferred stock authorized. The Series D Preferred stock has voting rights equal to the common stock, is convertible into common stock based on a conversion of 1 to 1. The Series D Preferred stock has equal dividend
 rights to the common stock.
 On February 5, 2021, the Company issued a total of 25,000,000 Series D Preferred shares pursuant to a Subscription Agreement for the
 purchase of the shares at $0.004 per share for consideration of $10,000.
 There were a total of 25,000,000 shares of Series D Preferred and 0 shares of Series D Preferred issued at June 30, 2021 and December
 31, 2020 respectively.
 F-16

VIRTUAL MEDICAL INTERNATIONAL, INC.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2021 and 2020
NOTE 12 – STOCKHOLDERS’ EQUITY (continued)
Common stock
The Company had authorized 1,000,000,000 shares of Common Stock at a par value of $0.00001.
During the six months ended June 30, 2021, the Company issued a total of 7,859,090 shares of common stock as follows:
• Total of 7,500,000 shares under advisory agreements (ref Note 10);
• Total of 16,666,667 shares under Data delivery and service agreements (ref Note 9)
• 1,500,000 shares under the Membership share acquisition agreement (ref Note 7);
• 250,000 shares under a business acquisition agreement (ref Note 8);
• 1,700,000 shares issued for marketing services. The Company valued the shares at the closing price of the Company’s stock as
traded on the OTCMarket on the issuance date and recorded $206,300 as stock-based compensation expense.
• Total of 60,000,000 shares under Consulting agreements (ref Note 6). These shares were issued subsequent to June 30, 2021
but were administratively issued and reported in the period ended June 30, 2021.
As of June 30, 2021, and December 31, 2019, there were 559,338,208 and 446,721,541 shares of common stock issued and outstanding, respectively.
NOTE 13 – STOCK OPTIONS
Description of 2020 Stock Option and Stock Award Plan
The Company has 50,000,000 shares available for issuance under the 2020 Stock Option and Stock Award plan. The Company has outstanding unexercised stock option grants totaling 10,000,000 shares at an exercise price of $0.05 per share as of December 31, 2020.

https://www.otcmarkets.com/otcapi/company/financial-report/306022/content
QEBR
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Volume:
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QEBR News: Virtual Medical expands hemp cultivation and CBD processing with Cherry Valley deal 05/14/2021 01:10:26 PM
QEBR News: QE Brushes to Become Virtual Medical International 08/26/2010 03:36:00 PM
PostSubject
#1147   That sounds really good! This stock is way Fitman10 01/27/22 09:35:22 PM
#1146   https://www.digitaljournal.com/pr/capitalize-on-the-breakout-growth-of-the-domes rustynuts 01/27/22 02:39:57 PM
#1145   10Q should be out in a few weeks. Fitman10 01/25/22 01:55:19 PM
#1144   The yield sign has now been removed. Let Fitman10 01/01/22 06:10:01 PM
#1143   Share Structure StockLogistics 12/26/21 07:35:20 PM
#1142   nice... I have decided to up my bag DavesDisposable 12/20/21 02:25:46 PM
#1141   The yield sign should be coming down very shortly. Fitman10 12/17/21 03:53:45 PM
#1140   All these OTC companies move at a damn Fitman10 11/18/21 03:46:00 PM
#1139   So what do you take from all that? Fitman10 11/17/21 10:01:45 AM
#1138   NOTE 11 – OTHER EVENTS (continued) StockLogistics 11/16/21 08:43:09 AM
#1137   Thanks markh957 11/09/21 11:43:59 AM
#1136   https://www.bloomberg.com/press-releases/2021-07-16/eco-equity-announces-a-100-e SC777 11/09/21 11:41:16 AM
#1135   https://www.eco-equity.com/eco-equity-announces-acquisition-by-virtual-medical-i SC777 11/09/21 11:40:30 AM
#1134   This link that you shared does not say markh957 11/09/21 11:37:09 AM
#1133   Here's the sauce on the $200M acquisition: SC777 11/09/21 10:03:54 AM
#1132   wow... that's NOTHING!!!! DavesDisposable 11/09/21 10:03:48 AM
#1131   74M, the rest is insider owned. SC777 11/09/21 10:02:11 AM
#1130   what's the float..? anyone know? DavesDisposable 11/09/21 10:00:42 AM
#1129   taking a flyer on this... going to buy DavesDisposable 11/09/21 09:59:20 AM
#1128   Starting to go off here. $200M acquisition. SC777 11/09/21 09:59:01 AM
#1127   Keeping an eye on this one...think it is Farnsworthpartyman 11/05/21 03:08:53 PM
#1126   The problem is that a minor issue means StockLogistics 11/04/21 07:03:30 PM
#1125   They have all the filings in - probably SC777 11/03/21 07:55:51 PM
#1124   I don’t think it matters if the otc StockLogistics 11/03/21 07:43:41 PM
#1123   Because a lot of private companies want a SC777 11/03/21 05:47:53 PM
#1122   Just wondering how you acquire a 200 million Fitman10 11/03/21 05:17:38 PM
#1121   This is starting to perk up. Maybe SC777 11/03/21 01:27:26 PM
#1120   The attorney letter did not appear to satisfy StockLogistics 11/02/21 09:10:26 PM
#1119   A penny stock that has an actual website, Flashfan08 10/22/21 11:31:19 AM
#1118   https://investvirtualmedical.com/ Stockgamer2020 10/19/21 08:42:18 AM
#1117   Would anyone be able to explain the structure Delagator1 10/19/21 07:17:03 AM
#1116   Their website seems to be offline as well? Delagator1 10/19/21 04:48:49 AM
#1115   Which platforms sell this stock? Delagator1 10/19/21 04:45:55 AM
#1114   Pink current 16 to 20 days after attorney StockLogistics 10/18/21 09:51:21 AM
#1113   Thanks for the work you do keeping everyone Fitman10 10/18/21 09:48:46 AM
#1112   200 SMA incoming at .05, after going oversold StockLogistics 10/18/21 08:05:00 AM
#1111   Gotta get the acquisitions done though so the StockLogistics 10/16/21 12:16:09 PM
#1110   “ Eco Equity CEO JP Doran commented on StockLogistics 10/16/21 12:08:47 PM
#1109   https://www.accesswire.com/655804/Eco-Equity-Announces-a-100-Equity-Acquisition-by-Virtual-Medical-I StockLogistics 10/16/21 11:51:47 AM
#1108   Thanks that is definitely good news for this stock. Fitman10 10/16/21 11:40:20 AM
#1107   The value of the acquisition will determine the StockLogistics 10/16/21 11:21:09 AM
#1106   What kind of roar do you mean? How Fitman10 10/15/21 04:31:21 PM
#1105   Share Structure StockLogistics 10/15/21 10:00:34 AM
#1104   Attorney letter posted, this stock will roar very StockLogistics 10/15/21 09:59:32 AM
#1103   Why are people selling at these levels? Flashfan08 09/30/21 10:13:18 AM
#1102   Awesome! Seems to be a good company Flashfan08 09/28/21 05:02:13 PM
#1101   I bought some shares yesterday and I couldn't markh957 09/28/21 04:46:06 PM
#1100   starting the day off well! Flashfan08 09/28/21 09:59:11 AM
#1099   The email I got from Larson Elmore stated Fitman10 09/28/21 09:56:01 AM
#1098   I think they are working on being pink Stockgamer2020 09/27/21 09:55:16 PM
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