VGID has too much convertible debt and in order to convert the debt to common stock, the authorized shares had to be increased in order to have enough shares to convert. My biggest problem in the early months of this company was that Buzzy was giving away shares at a rate of .0001 per share.
Basically, he was giving away shares like a kid in a candy store.
Even when there was later debt when the stock was selling much higher, he was still allowing the debt to be converted at .0001. So, if someone had loaned, say $10,000, when it was time to convert to stock, that individual was given 100 million shares.
Doesn't take too much convertible debt to use up 2 billion shares. Hopefully, the extra 3 billion available won't be used like the first 2 billion was.
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