Tuesday, April 01, 2014 9:12:56 AM
So you think the insiders are dumping. If there is a dump, where is the pump. Isn't that standard for pinkies?
If you go back to the Q3 financials and re-read the Patent License Agreement, you'll see there was an initial payment of $50,000 back in July 2013 and an additional payment for the calendar year of 2013, to be paid on January 1st, 2014 in the amount of $20,000
So they paid out $70,000 so far and never put out a PR, as far as the License Agreement. So once again, no pump but you think there is dumping going on. I believe it's the after affects of Viral Genetics and converted debt is probably being sold. To me that's not dumping.
Now, as far as the Annual Report extension. I was hoping they would get it out on time, but same as above, if you go back and re-read the PR involving the prior year audit, you could see how it could take longer. It doesn't involve just one year and is involved with getting approval of Form 10 to uplist.
http://finance.yahoo.com/news/vg-life-sciences-starts-prior-100000772.html
VG Life Sciences will become a fully reporting Company and produce consolidated balance sheets of the Company as of December 31, 2012 and 2013.
The completion of this audit will improve internal controls, improve transparency and result in more timely, detailed information about the Company and its ownership. This audit will also enable VG Life Sciences to file Form 10 with the SEC,
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