Replies to post #125827 on CBD Denver Inc (CBDD)

[PRmaniac]

VMGI - massive dilution needed, but share auth is maxed-out.

VMGI pretty much flat broke and has no sales/revenue or actual business. Their assets are gone, too. Nothing left after the looting by previous management, IMO.

Now, the new CEO somehow (no disclosure) has preferred shares, each worth 1,500 common, and equal to well over 8 billion more common shares (upon conversion).

His shares are equivalent to more than 2X the total shares outstanding right now.