Bashers are creating the culture of fear which is destroying the OTC market,knowing most penny traders are either unwilling or unable to do the necessary due diligence.
Willy Wizard is about the only honest promoter I know and he was promoting and buying VGPR before his heart attack this year-and he/his staff-being professionals,have greater ability to execute due diligence.
I often watch a stock for months before buying and waited many months for VGPR to drop to a 3 or 4 month low of .007-just days after it was .014.
The annual statement has to be read in conjunction with the quarterly statement filed at the same time,as I did with my accounting/economics degree summa cum laude as probable de facto valedictorian of my academic university.plus law degree. Bashers only seem to have a degree in terror/fear-preying on peoples ignorance.
The reports clearly state development-not shell company and report employees.
Assets of 2.2 million,including 2 million from the acquisition,minus the liabilities, divided by 401,438,000 shares(as of 12-31-09) is book value of .005/share,as reported by yahoofinance's key statistics.
It is always easier to destroy than to build-witness the World Trade Center.
Bashers(including the paid bashers paid to bomb a stock so their principals can buy cheap and take over the company etc)are just another form of terrorist.
There are no guarantees but why would a scammer(basher's favorite cry on every targeted stock)unnecessarily go through the additional scrutiny/steps to become a "current info" Co.,as VGPR IS.
Probably over half of pinksheet Co's are in "skull and bones(many of these are shells promoted by newsletters),grey market ,no info, or limited info" categories,fully detailed on pinksheets.com,where you can research as much as you want for free.
