Why is the concept so hard to grasp? 0-0=0 VGID which is worthless spins off share of FHBC which is worthless(no product, no sales, no assets) = total waste all around.
Since 2015 there have been excuses of why product, production, labels, OTC rules, distribution, etc. etc. etc. are obstacles of achieving results. Since 2015 the company lost 99.9999% of its value. Why? Fraud! So why spin off shares? Double the fraud. Now there are two sources to unload "capital" or "owner" shares to find a life style without any viable results. Why not audit the financials? Well, that would ruin the whole scheme, aka Fraud.
OTC Rules: Just because OTC doesn't technically require to audit reports, doesn't mean it's not a prudent thing to do. Just because we are not required to take showers, it's smart and healthy to do regularly.
Regarding Attorney: All attorney is saying is that such a company is registered and exists. The attorney does not validate that business functions, has income, etc. Why is it that money is found to hire an attorney but not to hire an auditor? It'll cost less than $25K to complete an audit. Totally worth the expense when running a publicly traded company.
Forecast: Mexico manufacturing will not pay out because of some issue.
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the Q2 ending June 30th financials will be reported on time just like the Q1 ones were.
the annual numbers were reported nearly a month early if I recall.
nothing has to be audited - that the OTC rules but the annuals do have an attorney letter to confirm they are legit.
so take your issues up with the OTC Markets company not Larry.
I have a boat load of Fernhill shares and hope to get LOF shares as a spin offs - they may or may not make money but they were an effective dividend from VGID - how many other OTC companies pay dividends?
Both the VGID and Fernhill drinks may according to teh PRs be about to grow - lets watch for the result in Q2 and then Q3 (when Mexico manufacturing and distribution kick in.
