The current Authorized Share Count is 2 Billion. It's not 950 million nor is it 50 billion.
In the same 10k filing you quoted it shows 950 million Authorized Shares ao obviously the number you quoted in the same filing was a misprint.
Trading symbol: VGPR.PK The Company has the following classes of securities: Common, Preferred A, Preferred B, Preferred C CUSIP: 922547 203 Par value: .0000001 Common Shares Authorized: 950,000,000 (as of 12/31/13) Common Shares outstanding: 910,135,395 (as of 12/31/13) Preferred A Authorized: 10,000,000 (as of 12/31/13) Preferred A Outstanding: 1 (as of 12/31/13) Preferred B Authorized: 90,000,000 (as of 12.31/13) Preferred B Outstanding: 1,340,349 (as of 12/31/13) Preferred C Authorized: 20,000,000 (as of 12/31/13) Preferred C Outstanding: 0 (as of 12/31/13)
On this report it does NOT show ANYWHERE 50 bil. Nowhere. It clearly states 950 mil on page 2. I see 50 mil of preferred b issued but NOW HERE does it show 50 bil on that report. Have fun getting sued