All is explained in my post...its a huge cash residual business and he has the best in the industry to consult with and help grow it and possible take it over one day soon.
First of all, lets define what the V GROUP, Inc. is. As per their latest filings: V Group, Inc. is a for-profit stock corporation registered in the State of Oklahoma with its headquarters located in San Diego, California. V Group, Inc. is primarily a manufacturer of consumer beverage products, dedicated to developing creating, marketing, and manufacturing the very best in innovative beverage products aimed at a constantly evolving consumer. THE V GROUP MISSION: V Group, Inc. also intends to assist in the incubation and development of other business opportunities related and unrelated to the beverage industry to maximize value and opportunity for shareholders
Now, lets dive right into the substance of the conference call. Larry opened the conference call by discussing the Fernhill Beverage spinoff that he set out to do for VGID shareholders for their support and he also thought it was the right thing to do. He discussed the long arduous battle he had with Finra and SEC. He discussed all the lawyer fees he absorbed and prolonged time it took, but at the end of the day he was able to get them to approve the deal. The payment date was 1/27/2017 and each eligible shareholder for VGID received a 10:1 ratio, meaning for every 10 shares of VGID the shareholder received 1 share of Fernhill Beverage FHBC. He concluded this topic by saying that the beverage line under Fernhill is doing well and sales are growing with distribution. Fernhill Beverages currently trades on the OTC for about .015. (Source: http://ih.advfn.com/p.php?pid=nmona&article=73759336)
Next the CEO discussed the next spinoff that is well in the works for V GROUP, Inc. and its shareholders. Larry stated that they are presently setting the stage to incubate/spinoff as an IPO “Hollywood Hair Cutters.” There are currently 3 retail brick and mortar locations being negotiated and they are preparing the necessary paperwork as well to Finra. Larry said that these spinoffs will be fully reporting and audited companies on a higher OTC tier. The stores should begin to open up in the next 3 months. Larry explained that VGID shareholders as of recorded set date will receive set shares in the NEW IPO- Hollywood Hair Cutters.
Larry confidently reiterated that the path for spinoffs/IPO’s has been established and doesn’t anticipate delays like he experienced in the Fernhill Beverage deal (FHBC). One interesting note here is that Larry’s sister, Linda Chadwick, is the CEO for Fantastic Sams, which is one of the most successful hair/beauty salon franchises with over 1,200 locations in United States and Canada. Larry did say that she would not be involved in the company at first, but he did say that she might become involved sometime in the future if, and when, she either resigns from her current position, or retires. Regardless, having a relative in this sector with the amount of experience, knowledge, contacts, etc would priceless guidance around only a phone call away.
Simple, it's called diversification. What happens if cannabis never becomes legal? I like how they are posturing themselves. In business, Making money is the name of the game. Seems pretty genius to target this market. Majority of us do go get haircuts, right?
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