I know because I was the one who was contacted by Mr. Briola and posted that. The difference between the last two 8-K's and everything before was the lack of fluff. The old PR's all stated grandiose partnerships, agreements for 4K movies, blah, bla, blah, blah, blah.
The last ones said nothing about partnerships or aquisitions. It just put the plain truth of a failing company forward. It set out what it would take to recover and stated the committment of management. No promises other than they thought they could turn it around.
I've got enough invested here that it's an ouch for me if this fails. It'll just be a lesson learned about doing more in-depth DD next time. I put maybe too much stock in Amilya's name. Maybe she got bushwhacked but I kind of doubt it. Here's why. According to a recent post, the company that was claimed to have done the audit referenced in the 8-K from Amilya actually verified that info. HEY!!! The first verification of truth regarding the 8-K!
Unbelievable!
Could it be with a well known businesswoman at the helm that this company will be turned around or sucked up into a merger? That 8-K is the first substantial piece of verifiable information in a long time. Could the audit have shown Amilya that she's bit of more than she can chew? Maybe. But I doubt that either. She didn't get where is she is today by being stupid or playing possum.
I'll wait to hear from her again before I pass judgement on her. And here's something else.
VGTel, best that I can figure out, is an entertainment company. That is the direction that Amilya seems to be heading lately. It could be that this is more than a turn around job. She could be planning on using VGTel as a UHD production studio for a brand new talkshow with guests. If you saw her on the Steve Harvey show, she's all about helping the small business community, analyzing why companies fail and how to help them succeed. She has a huge fan base and could be using VGTel to showcase a talkshow with guests. That may be the reinvention of VGTel, along with a probable name change to go along with it.
That could be why the news is not forthcoming. If this were the case, and I'm not saying it is, you have the opportunity of getting in on the ground floor of something with enormous potential. I've already lost 70% of my investment so I've got nothing to lose sticking this out to hear what she's got to say next.
"Could be a lot worse. We could be unemployed...in Greenland!"
