heres the issue..........
1) March 5th, Coleridge files the 8K and takes over VKML.
2) March 11th, the deal is signed for 1-200 reverse split. IMO, that should have been filed in an 8k within 4 business days after it was signed. The stock was trading in the ~.005 range at that time. If they did the reverse split at that time with no news out nobody would have cared about it. Instead they waited till April 9th to disclose that significant event along with the merger and by that time the price had been at .09 for 2 weeks and hit a high of .17. By holding back that info from the public it caused investors to lose a large sum of money when the split was announced. It could have all been avoided if they released it in a 8k in early March. They will try to tell you like they told me "well, nobody was supposed to know about the stock at that time" lol but i replied, anytime someone like Robert Coleridge, a former Microsoft Executive buys a "shell" stock investors take notice and will buy into the stock based on his reputation alone.
3) But the real kick in the face comes on April 8th, they signed a deal giving 87.5 million shares to Moreno and company at a share price of .01. Well the share price on April 8th was .09 and had been at that level or higher for 2 weeks, So thats where the story starts to stink but the worst smell comes when they decide to do a 1-200 reverse split to us common shareholders but exclude the 87.5 million shares from the reverse split. The deal to acquire Indie Growers Union was for a cash amount of $185,000 plus $875,000 in stock, 87.5 million shares at .01. But those 87.5 million shares are not part of the reverse split, so at todays price of ~$2.50 those 87.5 million shares are worth ~218 MILLION DOLLARS! HIGHWAY ROBBERY! PLAIN & SIMPLE!
BAD BOYS BAD BOYS WHATCHA GONNA DO, WHATCHA GONNA DO WHEN THEY COME FOR YOU HAHAHAHA
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