Replies to post #5593 on Victory Marine Holdings Corp (VMHG)

[Bangkok Bob]

That filing takes it to dec 31

Since then there has been change of control

Greentree owns that convertible debt. I would think they made a deal at merger time

[Q7]

maybe see you down the road … keep in mind though that if you look at any company in OTC filings, almost all of them have some kind of debt. And everyone has to legally say, sure that if every single dollar in debt was wanted now, today or even by next week, that this is how many shares would be converted. This is just mandatory ‘cover your ass’ legalize…also its like saying a bank gives a business a loan - and then asks for it all back with interest a couple years later. Thats not realistic nor how business financing of course work — no smaller company, especially, would ever want a loan let alone get approved.


This has never happened one time that i ever saw, in the OTC (cant speak for Naz or Dow as i only follow OTC penny stocks) since around 2001 and i began trading penny stocks. Stocks just go defunct owing sometimes millions of dollars that will never be paid. Then statue of limitation takes over. Thats the chance lenders take. But better here is all their convertible debt is owned by Greentree Financial - the guys who just facilitated the Dunn & Groux merge w VMHG — and before that facilitated a NYSE new listing of OTH Off the Hook Yacht's. And look at how little they have converted all this time, 5 years…..we are in good hands, proven, with our debt - much better then say debt with three or more different financial institutes.

[Samfel1]

Thank you! Regarding the debt, it may be from the previous administration, but they’ll definitely work to eliminate it—they know what they’re doing. As Q7 said, we’re in good, experienced hands.

[goingupnow0]

I just looked, that filing is end year 2025, I don’t think that’s up to date. You may be wrong. And the the stock was 001 at the time. So the convertible probably changed now that the stock is up. I could be wrong, but let’s wait for the next filing.