No, it is not true. VMGI is completely dark/defunct. With VMGI at no bid, I'm guessing some investors that can't sell at any price, would like to get or see a bogus rumor started.
They don't even have website or email anymore, after the CEO abandoned the company.
Here is the company info, from OTC.
Common Stock Dark or Defunct Contact Info 1368 26th Street #104 Denver, CO 80205
Website: www.verdemediagroup.com Phone: 310-954-9160 Email: info@verdemediagroup.com but, note that they had their domain taken away from them.