VGTel Inc (VGTL)

[mtorruiso]

Yes they have debt. Hopefully they are using what they are getting from comcast and direct tv to pay down that debt. I believe i read that it tve last filing. It must be since they are not diluting. Sure would be nice to hear from the company and lay to rest all this speculation.

From the last filing - "The Company has made a total of $346,109 of advances for the scanning and postproduction of four films. There are no additional investments to be made in these films. Distribution began in the quarter ended June 30, 2014 and revenue began to be generated in July 2014. The revenue is netted on the Statement of Operations against the start-up costs and won’t be recognized as regular revenue until these costs are recovered."