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Re: DreamGreen post# 23278

Wednesday, 08/08/2018 3:38:56 PM

Wednesday, August 08, 2018 3:38:56 PM

Post# of 31828
Read the VGID press releases.

https://www.otcmarkets.com/stock/VGID/news/Leaf-of-Faith-is-Ready?id=168114

V Group, Inc. is proud of the partnership The Company has developed with Leaf of Faith. So proud in fact that V Group believes the time has come to begin the process of "spinning-off" Leaf of Faith into a standalone public entity.

V Group, Inc. has targeted a shareholder of record cut-off date of October 31, 2017. Any person or entity that possesses V Group shares on that date will automatically receive shares



https://www.otcmarkets.com/stock/VGID/news/V-Group-Inc-12-is-the-Magic-Number?id=178172

V Group announced its intention to spin-off Leaf of Faith creating a separate Publicly Trading Company in which V Group shareholders will participate in the offering

For every 12 shares of V Group, Inc. that are held by a shareholder on October 31, 2017, the participating shareholder will receive 1 share of Leaf of Faith




VGID clearly says over and over the spinoff will involved a dividend. VGID also called the spinoff an "offering" which would be a public offering (ie an S-1).

Personally though, the whole spinoff sounds like a scam to me. FINRA doesn't issue trading symbols to non-public entities so that's complete B.S. that Leaf of Faith was approved for the trading symbol LOFB.

And so far no S-1 offering has been filed with the SEC to take Leaf of Faith public.

Did VGID shareholders even receive shares in Leaf of Faith? I haven't been on that forum to see.

Assuming the VGID shareholders did get stock certificates saying they own stock in Leaf of Faith through some dividend then those shares will never be able to be traded unless they are registered with the SEC which would require an S-1 registration statement. Which I've explained to you in the last 2 posts.