CBD Denver Inc (CBDD)

[PRmaniac]

Can VMGI stay afloat much longer?

They have pretty much maxed-out their share authorization, so may not be able to do any more financing deals.

A reverse split may not be allowed, since FINRA is looking more closely at co's who's sole source of funds are billion of dilutive shares issued in less than one year. They have been delaying or not approving reverse splits, especially with companies that don't disclose their toxic death spiral financiers.

They also might be more than a little concerned that the CEO gave himself and another the equivalent (in preferred shares) of over 8 billion common shares (there are only 4 billion authorized).