The most notable point was when VDI stated that they were giving VDC the shares in the new company and that would be used to pay off creditors, but the shares cannot be sold and that would mean VDI would have to fork out some cash to do this, which is not happening. And all creditors were negotiated with and basically reorganized and VDI took all the debt and left VDC with no foreseeable debt.
They are going to a lot of trouble to keep this stocks price down.
Really makes me want to know what they are hiding because I have cornered KPMG in emails and they basically denied the $62.5M of equity they received.
I also wonder when VDC and VDI came up with this plan of reorganization, my guess is roughly September 2015.
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM