Hello fellow VHGI folks,
First time poster long,long time lurker. I keep seeing the subject of dilution and authorized shares come up and nobody seems willing to say what is very clear in the 3 most recent filings. Regardless of how many shares are currently authorized (250M) ,Risinger personally owns more than 1.3 Billion (yes Billion)shares. More than 90% of this company belongs to him. That being the case the number of A/S could be increased anytime he wants. I fully expect that to happen at some point, why else would he take warrants for all those shares if he never intended to use them? To be sure he has made a huge personal risk/investment in this Landree project.
I bought into this back when it was ETCR. At that time I figured it was nothing more than a crap shoot at best and probably should have just flushed it down the toilet! I only added more (@0.006) after the Landree project started to come together early this year. I am glad I did. I have sold enough to make 10X on my investment and still have 2/3 left for when this comes together, shortly I think.
I really like the outlook for VHGI but want to honest about the potential for dilution. Hey I plan on selling mine too at some point
GLTA
