That is just not the way this spin-off will go down... In fact, all the shares went back to the LOFB Treasury and Buzzy received a promissory note for $150,000, all in the reports, and he is out of it now completely. Then too, Buzzy even gave up his entitlement, 68 million shares, in order to convince the new ownership to follow through with the legally established spinoff. Finally, some 67 million shares will go to the VGID shareholders of record, October 31st, 2017, directly. They will not go to Buzzy or VGID, or through Buzzy or VGID either...
Bottom line, as I understand it at least, there is a block of shares slated for our spin-off held in the LOFB Treasury in the form of preferred shares right now. They are under a 6 month hold which started on or around March 31st, 2020. The new company wanted a 12 month holding period but agreed on 6 months. And, when those shares are issued, Buzzy will not get a single share, they will be issued directly to the VGID shareholders of record, guessing here, likely sometime after Q3 in October of 2020...
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