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Saturday, January 09, 2016 11:28:20 AM
"Despite significant remaining, ongoing challenges, I’m happy to report that, in consultation with the Board of Directors, we are moving forward with efforts to bring VGTel back into regulatory compliance as a fully reporting company. To this end, we have engaged prominent accounting firm Malone & Bailey to perform the Company’s annual financial audit, which is expected to be finalized before the end of October, along with the Company’s Form 10Q filing for the first quarter of 2015 to follow shortly thereafter,. We also plan to submit any remaining outstanding filings soon thereafter in order to bring the Company current with SEC reporting requirements."
This is a statement of intent to the shareholders. The SEC obviously has read this update. So the main question is:
How long should it take to get the delinquent filings filed and the reporting into compliance? All of the other debating is an exercise in futility.
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