Post by
caliche on Oct 11, 2016 9:22pm
reset
operations set to begin again in nov 2016
Comment by
TheCapitalist on Oct 11, 2016 9:24pm
we're probably gonna see some crazy dilution. If the shareholders choose to fund the company they're likely going to issue equity to themselves.
Comment by
cochrane29 on Oct 11, 2016 10:10pm
Your right. Crazy dilution will happen for this company to survive. I am staying away until the next round of dilution happens if and when this investment survives. Positive the one or two huge investors care enough of this company to start fresh however this is a lottery ticket now and there are so many other stronger better companies out there.
Comment by
TheCapitalist on Oct 11, 2016 11:57pm
VEG doesn't even have positive equity, so share issuance isn't going to hurt book value per share. They can issue 120,000,000 shares at 8 cents and the share price will likely stay at 8 cents.
Comment by
cochrane29 on Oct 12, 2016 1:44am
Someone will have to shell the money soon. The last few weeks the board of directors fired Jeff. The CFO quite. The financing fell through. Board of directors resigns. No revenue. Millions in debt. Crows are circling. Blood in water. Tax loss selling is upon us. Doesn't Jeff get owed money too? He is owed 4 million too and some of land. What a disaster.