@grandslam... Best I can do is summarize my take on the situation, the details of which are buried in various posts from the past four months. In short: There will be a new ticker. They already stated it. It's VTRO. The ticker and the underlying security are separate things. If you bough the VODG stock, then you are a shareholder in the company. They can't change that. It will be your broker's responsibility to transfer what you own to the VTRO ticker when it activates, and everyone will need to follow up on that carefully, as I have zero faith in the brokers or the recordkeeping at VB, based on my interactions with both. This is a unique situation, and we will need to protect our rights actively when the transition occurs.
As for the IPO, all IPOs occur in the context of a company that already has private shares floating around. The new IPO shares add to the share count, in return for generating needed capital. The main weird difference in this case is that some of the shares were already publicly traded in the past, before they were delisted. That isn't common, but it doesn't change anything fundamentally. Shares are shares. The challenge in this case is the number of existing shares relative to metrics that major exchanges require in terms of valuation and share price, particularly with the giveaways they did during the unfortunate Zamora era. See prior posts for details. That added up to the fact that there is no way they can do an IPO without doing a reverse stock split on the legacy shares, the details of which have not been announced. At the same time, the $ value of the IPO ($17 million) is not sufficient to create the valuation necessary for a listing. This sends the clear message that the legacy shares remain a significant part of the valuation. How much... we shall see. But it seems to me that the legacy shares will remain roughly two thirds of the value of the company. If true, we are taking a 30% dilution in return for a return to trading on a major exchange with real volume. That's a good deal, if it all works out that way.
If it does work out that way, the key here is to assert your status and rights as a shareholder literally the day that the IPO occurs. You can't allow your VODG shares to be lost in the incompetence or administrative shuffle of your broker. They will receive instructions on the split and ticker change from VB, and they must apply those changes immediately to your account.
AI
