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Real classy. If you don't care what you're fed, then that's your prerogative. Just because something is sold/traded on an open market does not imply value. Sale based on false statements is fraud and shouldn't be tolerated. Once financials are audited it will be official bankruptcy and prison time. It is not about cost, but about sleek and desperate avoidance of time to be served for Fraud.
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What is worthless is the panty waste you post here.
Stock down 99.999%. What's there to bash? Simple reflection on performance. Lack of communication from management and the company results in allegations of Fraud. The whole enterprise is 1 person. It's not like it's such a challenging decision to complete over the course of 3 years.
Financial reports are not to be trusted. We must have a third, certified unbiased party review the statements. Otherwise, based on performance, they're false, a lie.
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Don’t waste time with these bashers that can’t even know how to read a financial report
Why is the concept so hard to grasp? 0-0=0 VGID which is worthless spins off share of FHBC which is worthless(no product, no sales, no assets) = total waste all around.
Since 2015 there have been excuses of why product, production, labels, OTC rules, distribution, etc. etc. etc. are obstacles of achieving results. Since 2015 the company lost 99.9999% of its value. Why? Fraud! So why spin off shares? Double the fraud. Now there are two sources to unload "capital" or "owner" shares to find a life style without any viable results. Why not audit the financials? Well, that would ruin the whole scheme, aka Fraud.
OTC Rules: Just because OTC doesn't technically require to audit reports, doesn't mean it's not a prudent thing to do. Just because we are not required to take showers, it's smart and healthy to do regularly.
Regarding Attorney: All attorney is saying is that such a company is registered and exists. The attorney does not validate that business functions, has income, etc. Why is it that money is found to hire an attorney but not to hire an auditor? It'll cost less than $25K to complete an audit. Totally worth the expense when running a publicly traded company.
Forecast: Mexico manufacturing will not pay out because of some issue.
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the Q2 ending June 30th financials will be reported on time just like the Q1 ones were.
the annual numbers were reported nearly a month early if I recall.
nothing has to be audited - that the OTC rules but the annuals do have an attorney letter to confirm they are legit.
so take your issues up with the OTC Markets company not Larry.
I have a boat load of Fernhill shares and hope to get LOF shares as a spin offs - they may or may not make money but they were an effective dividend from VGID - how many other OTC companies pay dividends?
Both the VGID and Fernhill drinks may according to teh PRs be about to grow - lets watch for the result in Q2 and then Q3 (when Mexico manufacturing and distribution kick in.
Your FHBC shares are NOT free. Nothing in life is free. Any value that was in VGID was transferred to FHBC. As such, it's just reallocation of resources. But, if you're honest with yourself and look at what the results of holding on to those shares was you'll notice, that after spinning off FHBC both VGID and FHBC went down in value. In fact, they went down in value so much that both are effectively bankrupt. For such dismal performance both CEO's should be fired or sent to prison. Ohh, wait, it's the same guy that's in charge of both FHBC and VGID, except now there are two ways to unload shares and support his life style.
The fact that in the documents published he says that none of his shares have been liquidated doesn't meet anything. After all, it's just his words. There's been no audit of the financials or of shares. He refuses to do so. Why? Because it's fraud! Prison already has a designated cell. It is only a matter of time.
MY FHBC SHARES THAT WERE " FREE " ARE WORTH RIGHT NOW $ 1840.00 ( sounds like something to me ) $$$$$ V.G.I.D. SPINOFFS $$$$$
Get out of the business and avoid going to prison. VGID stole 99.9999% of funds invested. No need to steel more.
Anyone know if there are any Legal Ramifications to this situation? Sooner or later the company has to provide a quarterly financial report that ended June 30, no? Maybe this is not true for really, really pink stocks, like VGID. (I didn't go to law school.) Last report (today) I saw said Revenues were ~48K and Profit/Loss was ~5K, with Net Cash= +$921.00. Of course, I can't read a financial report as good as Larry or whomever. I do know this: you can't squeeze green out of a stone, make a castle by pushing sand around, or get rich by going 'round in circles pushing a billion shares of stock round and round between 0.0005 and 0.0009. There are only two ethical choices (not that ethics matters here): get outa business OR make the business work. The growing view is: This business just don't work.
Spin-offs that don't produce any income are worthless too.
This is my last post. Like Buzzy has said many times, the value of VGID is not in its financial statement results, it's in the SPIN-OFFS.
Financials are fraud. Do not trust it. No one third party can prove what is listed in there is true.
Not sure what financials you are looking at but the most recent one.
You can find it here.
https://backend.otcmarkets.com/otcapi/company/financial-report/194253/content
Income: $146,212
Net Income: $4,833
They made a profit this quarter.
Market CAP comes from capitalizing income. If income is negative, a loss, then there's nothing to capitalize. Thus, shares, that reflect value, are worthless and have already gone down 99.99999%. As such, it's just a matter of time for the company to close its doors and CEO to be investigated for fraud.
Sorry, but I believe the figures ~45K and -5K come from a March 31 Document. Let me check. ... OH! Latest statement released on JUNE 18th specifies that Income = ~$48K. Profit not listed. But ... it also lists in the document a "Market Cap" of ~$2M, which cannot be true, since publicly available information lists "Market Cap" as ~58K, only changed within the last few days ... uh ... true, it's up from ~$5K, if true. WHY ARE YOU HIDING INFORMATION INSTEAD OF POINTING US WHERE TO FIND IT?
Yes, load up, it's going down. You don't need the money anyways. Load up and let him unload his shares. Help unload CEO's shares. Fund their lifestyle.
Load up guys :)
Mr. Twombly,
How do you rate your job as a CEO? Do you think you've accomplished much since 2015? There's no product, no company, no true assets. Stock is down 99.9999% from IPO. What have you accomplished for the shareholders? You've certainly lots them lots of money. Effectively, all of their invested funds are lost.
You may say, but I've been working, doing, going to trade shows. All that is great, but ultimate goal is what? Increasing shareholders equity. You can work, do, and not achieve anything on your own dime. Why run a publicly traded company?
Ohh, or is it a way to fund a life style with investor dollars? That would certainly be fraudulent and malicious intent.
Investors want clear, regular, timely communication. Every week you publish a synopsis of what was done. You provide substantive proof of what was done. Where is product sold? Price points? How it is advertised? What are the distribution capabilities? What are the challenges? What are the prospective benefits? Quality of work matters.
On that note. A new website that was promised for a year is now published? But really? That's all you could do with a free website builder package that's not even done well? If any money is spent on web services after seeing that product would be fraudulent to post in the financials.
Financials. Audit the financials! At this time they're so minimal that it wouldn't cost much to do so. Bring all the sources, invoices, expenses, etc to a CPA, simplify CPA's work, and you will be able to boast that financials have been reviewed by a third party. Can you do that? It's an expense worth having. Or will you provide another excuse for not being able to do so? Keep in mind, any time you can't provide something so simple is viewed by your investors as fraud. Intentional, misleading, fraud and theft of funds.
Jim
I look forward to hearing your concerns on the conference call.
Larry Twombly
CEO
I'm not going to get into a pissing match about who knows more. But, if you look at the most objective indicator of value, stock price, it is 99.99999% down from IPO. All the rhetoric from the CEO is ill and intentionally misguiding investors. Fraud at the core.
Why do I say that? There's no product. No communication. Ton of undelivered falsely and knowingly misleading promises. By definition, it's fraud!
Mr. Twombly,
The concerns have been voiced already. Why do you need to hear them again?
Though, ultimately, the stock keeps going down. It is down 99.9999% from IPO. That's bankruptcy de facto.
I look forward to hearing your concerns on the conference call.
Larry Twombly
CEO
Fraud! Do not invest in this so called company. Everyone associated with it, should be jailed!
Can't do a reversal on a fraud. Oversold? Not sold enough. Fraction of a penny isn't low enough, it should be absolute zero with CEO jailed for intentional, malicious fraud.
What VGID lack in profits, it compensates by volume of shares traded. It's millions! lol :)
Everything surrounding CEO, VGID, FHBC, LOF is a fraud. A fake. SEC needs to put an end to this intentional deception.
Come on, Larry, then tell us what the financials REALLY say.
On what do you base your statement, "good time to buy!"? The fact that stock keeps gong down and now the same amount of money can buy more shares? When enron stock was going down, financial analyst were saying it's a good time to buy, every time the stock hit a new low. That is, until, it was bankrupt.
Good time to buy!!
There's no point in reading fiction documents.
You shouldn't be surprised. There are tons of people on this board who have no idea how to read a set of financials.
You're right, this is a long drawn out experience of loosing money. Stock is down 99.99%.
This is not a get rich quick scheme by far, Captmoon. I am buying cheap shares at every opportunity. We do not know when this will break.
Certainly, I understand that audits are an expense. For the company such as VGID or FHBC the cost of an audit would be minimal. Sub-penny stock or not, it is the job of CEO and the Board to increase shareholder value. Fact fo the matter is, FHBC and VGID stock value keeps going one direction so far, down. That's really the unfortunate result of not providing good data.
Buzzy, why can't you say anything good on the call? Why doesn't anyone else from "management" join you on the call?
Stock is down 99% from the IPO. Bottom line this equates to bankruptcy. Terrible, inept, fraudulent management. Everyone should be jailed! This so called company does not even have any assets.
Copy existing cheap bottles coke or fanta uses. Why come up with something "new" that's actually old and ugly? Terrible, terrible implementation of terrible idea.
A lot of shares of nothing is still nothing. Why are people missing the issue, value? If there's no business, then the value of owning even the whole company is Zero.
RE:
Hey Pen,
I will be getting a lot of LOF shares from owning VGID. I am waiting for the next spinoff.
What does that mean "you should be the ceo"? Worthless chatter and diverting from the real underlying issue. The existing CEO should either step up to the plate and do his job or fold and close the shell company that lacks business. Otherwise, all he is doing is committing fraud.
A statement below is not an update. By providing more worthless rhetoric about a worthless company, fraudulent CEO, from a fake twitter account. It's more of the same, fraud. It's unfortunate that SEC doesn't have time to deal with bottom dwellers that deserve jail time.
"Great day today in LA. Going store to store. I love ride-a-longs with salespeople. Building a future one store at a time."
Great day today in LA. Going store to store. I love ride-a-longs with salespeople. Building a future one store at a time.
— V Group (@VGroup19) July 10, 2018
New Division.... what's the point of forming a new division in a worthless company, that doesn't have any real products, that can be classified as fraudulent? To unload more personal shares to support a livelihood.
"Mr. Twombly adds: "Progress with the roll out of Leaf of Faith publicly has been slow and tedious." Stringing shareholders along. Well done! Not!
"https://anddrinks.com " This is a new website? All that time spend on building a website and that's all we got? Pathetic!
"The new beverage line will be spearheaded by what The Company has dubbed, a "Super Charged Soda"" ... another worthless spinoff? just like FHBC?
"V Group, Inc. (OTC:VGID) has begun the process of establishing a new division" Seriously? VGID is a company of one, 1 single person. The way to establish a new division is to say, here's a "new division". What else is there to establish?
LarryBear40, you mean you don't want audited financials? You don't want to know for sure? You have a lot of faith. Lets see if it works out.
Packaging is terrible. It is so 1980's.
It's easier to start a company from scratch than fix one that has a tainted history, i.e. vgid.
There are pseudo-financials. :)
What an awful presentation and waste of paper. Could we have an independent CPA audit the financials?
It's amazing this so called company keeps twitching and gasping for air and won't die for so long.
Being answered rhetorically isn't the same thing as providing proof of what was uttered. Audit financials by a CPA. Show stores, shelves filled with product. Share locations. Share marketing. These are basic things that make will not only increase faith by shareholders, but increase sales. Both are a good thing.
BTW - Bottles and packaging is ugly and cheap looking.