As of the last 10Q filed by VLDI on 9/30/19, there are debts outstanding that will eventually be converted to 307,520,133 shares of common stock.
Obviously, to finalize that conversion, the authorized limit will have to be increased to approximately 1BB shares.
If Bruce continues to only hold 39mm at the time the company is sold to the highest bidder, he will have spent the last 20 years working for less than 4% of the company, while negotiating debts that will turn over almost ten times that to creditors.
Alla P. will own more of the company than he will and she did nothing but inherit her dad's stock.
But, if Bruce is the one who will get almost 300mm of those conversion shares, as my research has suggested is the case, he will take home approximately 1/3 of the buyout value. And if my expectations turn out to be accurate, that means he will take home somewhere between $7BB and $17BB. Not a bad return on his investment regardless of how many millions he invested.
There may be references in past SEC filings that tell us how much money Bruce invested in the company to jumpstart it on its current path. I have never taken the time to find out. It isn't important. The FACT is, the company has had the funds to keep its doors open for 20+ years, and that money came from SOMEWHERE.
My sources have told me that the lion's share came from Bruce. But, it doesn't matter how much he put in. All that matters is how much he will get out in the end. And one thing is certain, the man did not work for 20+ years to take home less than 4% of the company. For goodness sakes, the PF members own 5 times that.
Bruce Benn may be frustrating, irritating, exasperating, aggravating, and a dozen other "ings", but the man is not stupid.
TPP
Answer a fool according to his folly, or he will be wise in his own eyes. (Proverbs 26:5)
AI
