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I spoke about it on the conference call.
Buzzy
Call Finra Corporate Actions.
866-776-0800
Ask for Kevin Carlson
He is the person handling the issuance for Finra. I can't get any information from them. Perhaps you guys can have better luck.
Larry Twombly
President
V group, Inc.
This is what I sent today to Finra. I send a request for information every day.
Kevin,
It has been a very long time since we have painstakingly compiled the information you requested for the issuance of Fernhill shares to V Group shareholders.
As you cam imagine, the shareholders are all out of patients and are demanding immediate action by me.
Please let me know where it is in the process and help expedite this simple task.
The share price of V Group has been harmed greatly due to the delay. I need to get this done before the shareholders completely loose faith.
Thank you.
Larry Twombly
President
V Group, Inc.
(760) 613-8828
I did not.
I will be on them again first thing tomorrow morning.
Larry "Buzzy" Twombly
Buzz Twombly <buzz.twombly@gmail.com>
10:30 AM (0 minutes ago)
to OTC
Kevin,
Good Morning.
I am following up on the Corporate action with VGID as it pertains to the issuance of Fernhill Shares to the VGID shareholders.
I am trying diligently to get the shareholders the Fernhill shares as promised.
The process has been daunting.
Please update me as to the status of this action.
I believe all paperwork has been completed by us and our attorneys.
Thank you,
Larry Twombly
President
V Group, Inc.
(760) 613-8828
This is an example of the correspondence I have been sending Finra and OTC.
The person I sent it to was Kevin Carlson of Finra Corporate Actions.
Larry "Buzzy" Twombly
President
V Group, Inc.
It's a matter of logistics for them.
They have to prioritize. I cant argue with them.
This part of the business is new to them. New crew. New accounts.
That is not what I said! I said they are concentrating on the bigger brands first. That is all.
What are you talking about. The issuance of Fernhill will be more shares not less. It is a 10 for 1. For every 10 shares of V Group, you will receive 1 share of Fernhill. That has never changed. When did I say that changed?
I didn't say we were eliminating the product for a quarter. I said we are losing that distributor for a quarter.
You people only hear what you want to hear.
Larry "Buzzy" Twombly
Good day all.
Just a quick reminder that we will be having an "open forum" Conference Call tomorrow.
Date: 06/16/2016
Time: 10:00 am Pacific
Dial in number: (712) 775-7031
access code: 526-855-601
Also,
The distribution is starting now. I got word from a couple of shareholders that their shares are pending today.
I don't know what order they are distributing shares, when they are, or to whom they are distributing them first.
I look forward to talking to you guys tomorrow.
Larry "Buzzy" Twombly
CEO
V Group, Inc.
Good Morning.
I will be following up with Fernhill and Finra later today to make sure they are starting the issuance. As far as I know, everything is on track (I have not heard otherwise).
Don't forget about the Conference Call Thursday. I will be sending out a reminder tomorrow.
Look forward to talking to you all Thursday.
Larry "Buzzy" Twombly
CEO/President
V Group, Inc.
I just heard from Fernhill.
I was told that Finra has verbally approved the issuance.
They will be publishing next week and the transfer agent will start the distribution through DTCC next week as well.
Don't forget about the Conference Call on Thursday. I will be sending out reminders as the week progresses.
Have a good weekend.
Larry "Buzzy" Twombly
President
V Group, Inc.
I will be hosting an open Conference call one week from today.
I encourage all shareholders and potential shareholders to attend.
The date will be June 16th, 2016 at 10:00 AM Pacific time.
The dial in number will be (712) 775-7031.
The access code will be 526-855-601.
I will be following up with reminders as we get closer to the date.
Thank you.
Larry "Buzzy" Twombly
President
V Group, Inc.
(760) 613-8828
Quick Update:
I received some info from fernhill today.
Finra has given them an approval date of June 10th and a distribution start date of June 14th. That's all the info I'm able to get. We have received a date before that didn't come through because of transfer agent paperwork. I sure hope this date is solid.
I will be putting out notice of a Conference Call soon. I am shooting for roughly 2 weeks from this week.
I will let everyone know.
Thank you.
Larry Twombly
I suggest you all call FINRA and ask them why they haven't given the OK for the distribution yet. (301) 590-6500.
I call them every day. Perhaps you should bitch at them.
Buzzy
Buzz Twombly <buzz.twombly@gmail.com>
11:07 AM (27 minutes ago)
to Jason
Jason,
Were you able to get a hold of anyone at Finra yesterday?
You said you were going to call them and get right back to me. Please do so. My shareholders are in an uproar.
Larry Twombly
This is an example of a daily correspondence with the TA.
Quick update:
I have still been calling the TA at least twice a day. I usually call them 4-5 times a day. They keep calling Finra every day as well. All the information I can get is "any time now". That's all Finra is saying to the TA and me.
I was told by the TA that it would definitely happen in April. Obviously that didn't happen.
I need this to happen now! We have lots of news ready to be released but I will not do so until the distribution is completed.
I will keep on them constantly. As soon as I hear anything I will let the world know.
Larry "Buzzy" Twombly
CEO V Group, Inc.
There is a yield sign up because the attorney opinion letter in regards to the year end financials was not posted. It will be posted before the end of the week on both VGID and FHBC.
The transfer agent is calling FINRA at least 3 times a day and I am calling the TA at least 4 times a day. I hope the issuance gets done ASAP.
Larry Twombly
President
V Group
I spoke to the transfer agent for both V Group and Fernhill twice yesterday looking for an update on the issuance. They were just waiting for the "go" from Finra (they are calling Finra constantly). As of yesterday, they were still confident that it will happen this week. Finra told them early this month that there is no reason that it won't happen this month.
The transfer agent assures me that they are going to hold them to that.
I will be on it twice a day until it happens.
I have been holding off on news until the issuance is completed. There is a lot of news built up. As soon as the issuance is completed, we will start the flow of news again.
Also, the financials are completed and should be posted in the next 10 days.
Larry "Buzzy" Twombly
CEO V Group
I hate spell check.
I meant to say that I received information today. I also was to say that I "Feel" comfortable......
Buzzy
I received some today information that I can't share in detail. I can share that I fell comfortable in guaranteeing that the shares will be distributed in April at the latest. The second incubation and dividend is in process. I won't be talking about that one until it is published by DTC.
Buzzy Twombly
CEO
V Group
No one spent $118,000.00 on travel. That was total expenses including legal and regulatory fees pertaining to the share distribution etc.
Most of the travel was done on my dime. Most of the work is done on my dime. I have taken a line of credit on my house to pay fees. I suggest you learn how to read financials.
Larry "Buzzy" Twombly
CEO V Group, Inc.
Good Morning.
The year end numbers are completed and will be posted within the next few days.
The year ended right about as expected.
2016 has started with a fury. We have been traveling constantly having kick-off meetings and working with current and future distributors.
As some may know, we felt a need to move Fernhill to a different transfer agency. The previous agent just couldn't grasp what we were doing in regards to the distribution of shares to V Group shareholders. We are now have the same transfer agent for both companies. This makes the share distribution much easier. It has taken time and way way too much money. I'm hoping this is the last obstacle to overcome. I will keep everyone informed as I know more.
Thank you.
Larry Twombly
CEO
V Group
Good Morning.
After meeting with some good people in Nevada and traveling to Spokane to kick off new distribution, I am off to New England to work with existing and new distributors. Everything is going very well. I will be back in Southern Cal on Feb 2nd. I will be spending that time to catch up with all the paperwork and making sure the year end numbers are completed. I am still , just like you, waiting on Finra. The Fernhill guys and the lawyer is calling them constantly. Getting any government agency to move quickly is an exhausting task.
We are on it every day.
Larry "Buzzy" Twombly
CEO
V Group
They are already our best distributor. The meeting is about the new cans and about extending the distribution for a.n.d. and Roadkill through other distributors they have relationships with and contact to.
Larry Twombly
CEO V Group, Inc.
Good. Don't buy the stock. I'm not telling you, or anyone else to buy this or any other stock.
By the way, my meetings in New England start with Great State Beverage. They are also shareholders of ours and on the board of advisers.
Good Day and Good Bye.
Larry "Buzzy" Twombly
I didn't say Finra was out to get VGID. All I said is that they make it difficult to get what we are doing, done. I think they make it difficult for everyone.
Where are you located? If we have distribution in your area, I'll find out where some might be.
Larry Twombly
Good Morning.
Quick update:
I was in North and South Carolina all last week working with new distribution there. Things are off to a good start. It will take lots of attention to build up that market. We are om it! It is our goal that all new markets will be running strong by summer.
I am in SoCal today and tomorrow. I am off to Nevada at the end of the week. I have meetings in the Vegas area Thursday, Friday and Saturday.
I am off to the North West in the beginning of next week. From there I fly to New England where I will be working with distributors Thursday and Friday testing the new a.n.d. cans.
When I get back, the year end numbers should be ready. I expect them to be solid but not spectacular. Unfortunately, dealing with DTC and Finra and lawyers monopolized too much of our time. I would have much preferred if I could have spent all my time selling drinks and developing new lines of product.
Friday, a payment was sent to Finra concerning the share distribution. They are doing everything in their power to make it as difficult and as expensive as possible to get this completed. We are hoping that this is the last of many hoops they are making us jump through.
I will make sure the Fernhill people follow up with them today to confirm they received the payment. Once we confirm that we can hassle them more.
Thank you.
Larry "Buzzy" Twombly
CEO V Group, Inc.
Good Morning.
As you may know, We have been trying our best to stay on top of Finra about the share distribution.
Today I was informed by our legal that they (Finra) require another $5,000.00 payment to proceed. We will be getting that together for them this week.
We believe that is the last of the speed bumps. We were informed that they were finished with the review.
I am hoping they complete their process quickly.
Larry "Buzzy" Twombly
CEO
V Group
Good Morning.
Happy New Year.
2016 is starting off on a busy note.
I will be traveling constantly over the next 2 weeks. I will be in the South East during the end of this week and for most of next week launching our brands with the new distribution that was set up during 2015. After that I will be doing the same in the North east later this month. In February I will be launching in the North west. The product is on its way to those places now.
When I get back from the kick off functions, we will be hard at work on getting new brands ready for a spring-summer launch.
Year End numbers are being put together now. That will take about 3 weeks minimum. Mostly because I will not have time to be in an office for some time.
I have been on the line with Finra every day. DTCC has already "published" the Corporate action for the distribution of shares. They (and the transfer agent) are just waiting for Finra to give them the green light to get it done. Finra is "Reviewing" it. They wont tell me exactly what that means. I don't know when they will green light it. They tell me they don't need anything more from us and it won't take too long.
I will do my best to keep everyone posted on the progress.
Larry "Buzzy" Twombly
CEO
V Group, Inc.
All that would be true if it were a true spin-off. V Group is not now, nor have they ever been the "parent" company of Fernhill. V Group invested in Fernhill. In return for V Group's help, Fernhill is issuing V Group shareholders shares. That is all. It is simple. The hard part is getting all the agencies to understand what the intention is. I have to constantly convince the agencies that Fernhill shareholders are entitled to the shares.I was told that most CEO's would never do this.
I hope that clears it up.
Larry Twombly
CEO
V Group
Here's an update:
After going around and around in an endless black hole of agencies, I finally spoke to a person at DTCC today who is on top of it. I have spoken to no less than 30 people that have forwarded me on to other people.
DTC is getting ready to receive the shares. Not sure how long that will take. Probably 2-3 days. DTC would not commit to a firm date. They have all the shareholder information they need.
I sent a follow up form to FINRA today. I have a scheduled phone meeting with a person from FINRA Monday afternoon.
The Transfer Agent is all ready to send the shares to DTC. The TA is just waiting for DTC to give them the OK. Once the TA sends the shares (hopefully before the holiday), DTC will working out everything with the individual share holders and their brokers. I am being told that process takes about a week.
I am speaking with the agent from DTC tomorrow mid day to hopefully get a firm time line.
I was assured that all the behind the scenes work has been completed.
I will pass on what I find out tomorrow evening.
Thank you
Larry "Buzzy" Twombly
CEO V Group
I've been trying to track down all the info I can. I shoiuld have some more info tomorrow (I hope).
Buzzy Twombly
CEO V Group
Good Monday Morning,
I spent the last 5 days traveling the North East. We had great distributor meetings for both Road Kill and AND. Everything is progressing well there. We are positioning ourselves well for the New Year. I also talked new projects with distributors to get their feedback. The weather was such that it allowed us to do a couple a sampling events over the weekend. Working with sales people, going store to store, then working with management makes for long 15-18 hour days. But worth every lost hour of sleep.
I am back in SD now.
Everyone has the same question as I do: What is happening with the Fernhill shares. The simple answer is I don't know yet. I know you guys think this is a simple thing, but I assure you that it's not. Anytime you're dealing with 4 lawyers, DTC, FINRA, 2 transfer agents and about a thousand random shareholders, it takes time. I received about 100 emails and 50 text messages over the weekend telling me what a 'piece of s@$t I am", so thank's for that! Nobody wants to get this done more than I. Everyday this costs me lots of money. That's right, me, not the Company.me.
I am on it. I will try to get as much information as I can today. I don't know where the process is, but I will try my best to find out today. If I get any information, I will update everyone tomorrow. If I don't get any information I will let you know that too.
Larry "Buzzy" Twombly
CEO V Group
Quick update:
Finra finally approved the name change effective Friday.
The transfer agent should be able to get back to work.
Larry Twombly
CEO
V Group
I know. It auto corrected and I didn't catch it.
Sorry
Good day.
I have returned from a long, cold but successful sales trip to the North West. (Spokane was hit with a wind storm and has been out of power for 3 days.)
Getting two different transfer agents and DTC to work together is proving difficult. I am not completely sure what the hold up is but I am on it right now. I will get it done.
Thank you for your patients.
Larry Twombly
CEO
V Group
I have the playback information.
Dial in #: (712) 775-7029
Meeting #: 526-855-601
Reference # 3
The quality is not great because too many people had the call on speaker.
Larry "Buzzy" Twombly
CEO
V Group, Inc.
Get on the call and ask me yourself.
Don't forget to identify yourself.
Larry "Buzzy" Twombly
Conference Call in 2 Hours:
Dial in # (712) 775-7031
Meeting ID # 526-855-601
Thank you.
Larry "Buzzy" Twombly