Wednesday, February 03, 2016 11:28:40 AM
After all, he has billions and billions of shares, after conversion of his convertible preferred shares. So do other insiders. Unfortunately VMGI does not have enough common shares authorized.
Anyone check to see if he increased the share authorization from 4 billion shares to 16 billion shares, yet, so he can continue to dilute this scam into the ground?
Here is where insiders awarded themselves (convertible) preferred shares, each worth 1,500 common shares.
21. William F. Veve - For his services to the company was issued 2,200,000 shares of the companies preferred stock on December 4th, 2014
2,200,000 preferred x 1,500 common per preferred share = 3.3 billion common shares.
22. Adam Deslauriers - For his services to the company was issued 1,000,000 shares of the companies preferred stock on December 4th, 2014
1,000,000 preferred x 1,500 common per preferred share = 1.5 billion common shares
23. Marc Albanese- For his services to the company was issued 1,000,000 shares of the companies preferred stock on December 4th, 2014
1,000,000 preferred x 1,500 common per preferred share = 1.5 billion common shares
21. Dr. S. Hussain I. Abidi - For his services to the company was issued 300,000 shares of the companies preferred stock on September 10th, 2014
300,000 preferred x 1,500 common per preferred share = 450,000,000 common shares
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