GoldforBrains : I used the correlation of VRGD float being converted to MMU's 2 million float because it makes the most sense to me .
The restricted Outstanding Shares of VeriDigm belong to a host of vested persons , some of whom are likely MMU management . Those O/S of VRDM are fully accounted and will be converted into MMU Outstanding Shares at a ratio yet unknown .
Whereas the FLOAT number of VRGD is " unexplained " , meaning the official float of ~ 133 million is markedly different from the amount of FLOAT shares held by public shareholders in their Brokerage Accounts , as discovered by MMU's NOBO and OBO demands to the Brokerages .
Essentially MMU is strongly suggesting that the Brokerages hold naked short / Fail To Deliver shares in their clients' accounts , and MMU also implied that they MAY NOT be able to ever get an accurate FLOAT for VRGD .
So , MMU's easy solution is to make MMU's float at 2 million shares , and VRGD shareholders will get a converted value of MMU shares based on how many float shares exist , whether the float shares are real ( located ) or counterfeit NSS ( Fail To Deliver ) .
Let me use an EXAMPLE :
On the official VRGD float of ~ 133 million VRGD shareholders would convert 66.5 VRGD shares for one MMU share . If MMU shares are to be worth an EXAMPLED $1.00 per share then the VRGD shares would be worth .015 cents , regardless to the volatile PPS up to the date of conversion .
If there is an EXAMPLED 500 million VRGD float shares , comprising official float and NSS , then VRGD shareholders would convert 250 VRGD shares for one MMU share , consequently diluting VRGD shareholders MMU holdings . Using the same EXAMPLE of one MMU share being worth $1.00 the VRGD shares at 250 for one MMU share would be .004 cents , again , regardless to the volatile PPS prior to conversion .
That is what MMU is trying to tell VRGD shareholders , in my opinion .
Look , the market is corrupted beyond comprehension , and in my conspiracist beliefs the Market Makers and Brokerages are gods who can do whatever they want on the OTCBB and OTC Systems , with impunity . The SEC has done NOTHING to remedy the pandemic . MMU seems to recognize the magnitude of the problem and THAT is why I assess that VRGD float shares ( whatever the amount ) will be the only shares converted into the MMU CONTROLLED FLOAT of 2 million , to commensurately CONTROL the volatile manipulation of the new float .
Complicated subject . I hope I addressed it adequately .
R.
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
