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newbillioner

01/06/15 1:41 AM

#53394 RE: phinhead1972 #53392

unbelievable how reckless this guy is.....he just keep sticking his finger on SEC's eye...first American smoke and now this....how come he get away with this?
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RookieStockPicker

01/06/15 7:24 AM

#53403 RE: phinhead1972 #53392

News looks great, but your statement puts a dark cloud over it.
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wz9ytp

01/06/15 7:48 AM

#53405 RE: phinhead1972 #53392

I like the fact that they took shares. They will have additionnal incentive to get the sp to rise. The shares are restricted until Dec 31, 2015. And the book value of VGR media is 540 000$, we didn't pay cash or increase liability for it, so this is a net increase in assets and thus owner's equity. As of last q, our shareholder's equity was (534 000$) so this aquisition just barely pushes us to a positive oe. Add to that the reduction in debt and it puts us in good standing to get deceny financing.
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Penny Harpoon

01/06/15 8:38 AM

#53413 RE: phinhead1972 #53392

Agreed ... Let me form an entity and sell it back to myself with the shareholders money .... Nice work if you can get it