InvestorsHub Logo
Followers 7
Posts 199
Boards Moderated 0
Alias Born 07/25/2020

Re: Dan Simmons post# 61577

Thursday, 12/30/2021 1:49:22 PM

Thursday, December 30, 2021 1:49:22 PM

Post# of 65682
Your math is way, way, way off. May want to review the filings again. On 9/28/21 Pref B shares were valued at $4.96 per share. The new investors bought in at a rate of .0103 per share - not only are those shares RESTRICTED, but it would make no sense to sell them at the current PPS. They must see the potential in the company to invest cash at a rate of 4 times the current going rate. IMO private investors are much more desirable than some of the toxic lenders you would find in most OTC tickers.

https://www.otcmarkets.com/otcapi/company/financial-report/315208/content

And 1,701,407,580 are RESTRICTED shares, which means they are not available to be traded. Plus 480,000,000 of those are owned by VITX management.

https://www.otcmarkets.com/stock/VITX/security