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Re: None

Thursday, 02/09/2017 2:22:38 PM

Thursday, February 09, 2017 2:22:38 PM

Post# of 167360
VMGI at no bid - looks like they have gone into hiding.

The CEO gave himself and other insider preferred shares worth 1,500 common shares (upon conversion), which means well over 8 billion more VMGI shares can hit the market, as soon as Veve does a reverse split or raises the share authorization to 15 or 20 billion shares.

They also use Old Monmouth Stock Transfer Co. as their transfer agent. Monmouth is in huge trouble with the SEC right now.


............
10. Olde Monmouth knew or should have known that many of the transactions clearly did not meet the holding period and/or pro rata requirements of SLB No. 4. Nonetheless, Olde Monmouth removed the restrictive legend and processed all of the transactions without question.
11. In approximately 200 transactions, Olde Monmouth issued new, restricted shares to RM Enterprises and—within hours or days—processed transfers of those same shares, without a restrictive legend, to the beneficiaries named in the opinion letters. Given its knowledge of the almost immediate transfer of the shares following issuance in these transactions, Olde Monmouth could not reasonably rely on the representations in the opinion letters that a two-year holding period had been met.

https://www.sec.gov/litigation/admin/2017/33-10303.pdf