This is exactly why I've been saying for the last couple years that the number one most important thing is to get current with the SEC. They are in the process of doing this and scheduled to be current in December. With any luck, hopefully this accelerates things.
They are currently suspended for 2 weeks. There were a multitude of companies that were suspended earlier this year and from the ones I've followed, each resumed trading. The biggest question will be what the pps is when trading resumes. Most of the time, trading resumes significantly lower and I'd expect that to be the case here as well. But I've also seen no change and actually trading higher. I hope they come out with a PR this week that restates their last PR and addresses the suspension. If they do nothing, it's sure to resume much lower, and likely .05-.10 range and stay there until they are officially SEC current.
The timing of this suspension is also interesting, as it's almost like the SEC wasn't looking into them at all the last few years, but they were alerted when they filed paperwork during auditing over the last couple months.
In the end, this had been expected and I'm honestly surprised they weren't suspended before this. With the auditors being hired and the plan to get current in December, I thought they might be able to avoid any suspensions, but just a couple months short. So I would agree that VODG very well could still turn out to be a dud, but it's still all about whether the un-audited financials line up with what is officially reported to the SEC.
