V Group Inc (VGID)

[jacksira]

Good laugh my ass off for a Saturday seeing the market is closed!

Buzzy1030 Tuesday, 07/23/19 11:06:36 AM
Re: None 0
Post # of 43875

Congratulations to Leaf of Faith. Now that they are "Current Pink" we can start the process of working with DTCC on the share distribution to V Group shareholders.
Let me break down the process again.

DTCC now starts the process of determining who the share holders were on the date of record. They must determine how many shares they were holding at that time and in what brokerage they were in. From my conversations with DTCC, this process takes about 4-5 weeks.

Once that is determined, DTCC sends a notice to the Transfer Agent of LOFB. The Transfer Agent will contact the officers of LOFB and complete an Issuance Resolution. Once that has all been processed, the TA will start transferring shares to V Group holder's accounts. This may take 2-3 weeks.

At that point, I (Lawrence Twombly) will assign my shares back to LOFB to help keep the issued and outstanding in check.

The clock on the restriction will not start clicking until the shares actually are received in the shareholder's accounts.

I hope that clarifies the process.

Larry Twombly
V Group, Inc