Replies to post #77868 on DD Support Board and Research Team

[DragonBear]

But how can it be legal for a CEO

to sell himself the equivalent of 500,000,000 Common VOIS Shares for a measly $5,000?

Without looking at the sordid history, presumably the BODs (e.g. CEO) awarded himself the 5M shares worth $5K at a par value of 001, and conversion rate of 100:1. Seems all legal, and slimy to me! In the real market the check and balance would be the big kids, voting with their feet. In the microcap market it's either applauded or ignored.

So out pops 500M shares. Then in one year he can unload 5M which at the going price yields $21K. Going with a more reasonable conversion rate of say 10:1 (1:1 :O ) wouldn't be quite worth the effort at $2.1K.

Over in KMAGgot ville before the suspension the beloved cult CEO had arranged to retire $320K debt owed to him by the company (he said the company owed it) for preferred at a 1:25 conversion rate. Common shares upon full conversion 625M. It was the same game - increase the O/S so that the 1% dump a yr later allowed a larger number of shares to be dumped. The suspension hit Sep 2012, and the reported O/S had gone from 175M in Jan 2011 to 750M by Oct 2012. The pre-suspension PPS was around 01. One yr later he was set up for a $75K pay dump. Not only that but he had only converted the first batch yielding 140M shares, when the suspension hit. The O/S count was destined to go much higher later on.

Comical is the one cult herd member believing the O/S going from 175M to 750M was non-dilutionary. Such are the visions of a cult herd.

[1manband]

VOIS is a Nevada Corporation. There is a reason why scammers and pump and dumps prefer Nevada corporations - insiders can pretty much do whatever they want, whenever they want, without shareholder approval. Usually this takes the form of issuing themselves supervoting (sometimes convertible, sometimes not) preferred shares. When a company is a massive diluter, these supervoting shares allow them to maintain firm voting control and continue to milk the company for everything they can.

At least he paid $5,000. I know of several Nevada companies that issued insiders even more stock for zero money.

[janice shell]

It shouldn't be, but if the board agrees… And probably he's the board, so...