DD Support Board and Research Team

[Arthur]

Besides, their debt covenants contains clauses in case of buy-backs, any offers automatically extends to their lenders, at the most favorable terms.

In other words, Curt Kramer can convert at $0.0007, and then force VTNL to buy back his shares at $0.01, as per the "offer".

So, lend $38,000, and then the broke guy you lended money to buys you back for $200,000, in 6 months.
That's what , 25,000% annualized interest rate ?

And as expected, the "sales" the CEO was alluding to are (if he tells the truth), 12-month purchase orders, something he wasn't clear about in the PRs:

Dan Rushford, CEO, stated, “Our Company has been negotiating with a California based company that has retail contracts with marijuana dispensaries in California. We have executed the first purchase order of $529,790 for 10,000 units of our CBD Pet Drops and 7,000 units of our CBD Pet Supplement Treats. The agreement allows exclusivity through February of 2020.”

Dan Rushford, CEO, stated, “I recently announced our purchase orders for January and February 2018 of $529,790 and $245,000 with a major retailer which will allow our Company to start the process to purchase-back shares of the company in order to focus on anti-dilution measures, stock price increases and minimizing the number of shareholders as we target the New York Stock Exchange listing procedures, along with our new program designed to provide prorated dividends to our shareholders.

Purchase orders are not revenues. Those revenues might never materialize.