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Re: loanranger post# 38974

Monday, 06/04/2018 11:09:08 AM

Monday, June 04, 2018 11:09:08 AM

Post# of 45833
I had forgotten that VBF Brands appears on "the lease". However, they appear as a "subtenant" to BMG who is the primary tenant. Why would they structure the lease in this manner? Seems a bit odd to me.

Btw, I'm sure you know that Joseph Wade is the name appearing on the original registration of VBF Brands (9/4/2015), but not on BMG's original registration (9/29/16). Then of course in later Statements of Information for both entities, the Name of Valerie Baugher appears as CEO, CFO, SEC, and Director.

Another interesting fact, is that VBF is authorized to issue up to 1,000,000 shares of stock, while BMG is authorized to issue only up to 100,000 shares of stock. What's up with that?

Of course we don't know if any stock shares were issued for either of those entities, nor if they were, to whom they were issued. Plenty of mysteries here that may never be solved unless an audited 10-K is filed.

And like you say, "There seem to be some unnecessarily complicated relationships and organizational structures here that suggest that there are certain things that the Company would prefer remain unknown", which I agree 100% with.

P.S. I didn't know that VBF was a subsidiary of SIGO. Do you have a link showing that info? -tia