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Monday, 04/02/2018 5:10:23 PM

Monday, April 02, 2018 5:10:23 PM

Post# of 233939
VTNL posted its 10-K.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12660465/content/html

As expected revenues during Q4 were negligible, about $300.

There are some precisions about the Shares Repurchase Program:

On March 15, 2018, the Company announced that its Board of Directors has determined that it is in the best interests of the Corporation to initiate a program to reacquire certain shares of stock from its stockholders, and to thereafter retire said shares as non-voting Treasury stock. The Corporation has approved a Share Repurchase Program (the “Program”) to accomplish this. The Corporation hereby will make an offer of redemption to its shareholders in accordance with the terms of the Program. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The Program does not obligate the Company to acquire any particular amount of stock, and the Program may be suspended or discontinued at any time at the Company’s discretion.



On March 27, 2018, the Company issued to StockVest 21,743,756 shares of restricted common stock to fulfill and end a contract set up by prior management. This issuance completes all obligations and ends the relationship with StockVest.


StockVest ??? Is that a Stock Promotion outfit ?

VTNL O/S went from 209,150,000 as of November 7, 2017 to 2,098,339,268 as of March 19, 2018.

Megadilution is underway.

Oh, and VTNL is still in the hock with Curt Kramer:

On February 28, 2018, the Company entered in a Convertible Promissory Note with Power Up Lending Group Ltd in the amount of $33,000. The note is unsecured, bears interest at 12% per annum, and matures on November 5, 2018.

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