VGTel Inc (VGTL)

[Mean Weimaraner]

we have been communicating with its creditors (primarily note holders and vendors) in an effort to renegotiate debts, extend deadlines, and stave off possible legal action in order to give us the breathing room needed to restart the company.

key words: "in an effort", "renegotiate debts" , "possible legal action"

effort don't feed the bulldog... progress does, and there is none here.