Wednesday, November 23, 2016 12:15:47 PM
Company website is gone. Company has quit filing even unaudited financials. The last annual report included false info on share structure, claiming it had only 500,000,000 common shares authorized (See dilution warning from VMGI), while elsewhere VMGI indicates it has 4 billion shares authorized.
The insiders have preferred shares, each worth 1,500 common shares. These shares will total well over 8 billion additional common shares, when converted.
Unfortunately, VMGI common shares are maxed-out at their 4 billion share authorization.
I wonder if Veve and the insider will have to answer for giving themselves shares worth over 2X the previous VMGI market cap?
Shareholders should be quite concerned that Veve would purposely destroy all shareholder value just to give himself special shares.
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM