Replies to post #33590 on V Group Inc (VGID)

[Mickey4]

Yes, 1 leof share for every 12 of your vgid shares means divide 3 million by 12 equals 250,000 shares. Now, Finra approved 25 cents a share though will likely settle at 15 cents. Still, for you, that's $37,500 free money and possibly tax free money. If your base is 25 cents and you sell for 15 cents then you're actually selling for a loss and you may use that write-off elsewhere, perhaps for the sale of some of your VGID shares if or when we get news.