It’s crazy how VGR didn’t produce any revenue, yet there’s at least a couple million in toxic paper with his family members as the beneficiary. Do you think the Simple Cork debt is being piled on as we speak? Haha rhetorical question of course.
It appears, “The family” lifestyle is funded by signing toxic notes with these subsidiaries, then the debt is added to the parent company.
Obviously they couldn’t clear the shares, and maybe that has something to do with the SEC suit against Alpine, hence having to rely on section 3(a)(10) to get free trading shares issued with the restriction removed. Up to this point they were probably able to get away with it in secret without shareholders knowing any better since Alpine was pretty fast and loose with removing restrictions on rule 144 shares...
I’d like to know where did the other $5-$6 million is toxic notes that were converted went to. What about the fact that they nearly doubled the O/S in less than a year...where did all of that money go? Another rhetorical question, of course.
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