Vitamin Spice (fka VTMS)

[dmbao]

Hard to know.

1.Can a majority of the common shares be assembled. Any major shareholders or shareholder groups exist?

2.Are there preferred shares that may have super majority voting privileges approved to be issued, if so that makes 1.become a mute point.

3. Can you the capital needed for to execute the business plan be raised under terms which allow the present common shareholders to participate if succesful.

4. More importantly now is what happens in Bankruptcy court where the common shareholders are most likely wiped out. Can an agreement be made with the creditors which allows the common shares to survive. The company doesn't appear to have any assets so control of the corporate entity is the only thing to fight over.

5. Does the shareholder group have or can retain the qualified staff?

6. Can other litigation be solved?

I don't have enough information to know. If interested first step is the majority of common to have a controlling group then you have to deal with the creditors.

I doubt vitamins in spices is patentable so you may be better off trying to start the business from scratch IMHO.