80% 0f VEDO OS will be given to HIDC in exchange for this acquisition, they could be more clear, but from my understanding, so IMO they have the Chinese investors right, and from this part of PR.... Holiday Island, Arkansas in a planned multi-transaction process, to be funded by the issuance of VEDO securities. Existing VEDO shareholders will maintain twenty percent (20 %) of VEDO or its successors. Issuance of VEDO shares means to me that the Chinese entity will be funding more development of Holiday Island... I am very long on this stock, had it for 6+ months now, but IMO this is a longer Hold as I see this possibly doing that Buckland march this year..... Which means they HIDC believes shareholder value will be imminent, as VEDO had no assets or income and now they have 100+mil Corp with income and added value
And by insiders owning 80% OS that reduces any chance of future Reverse splits, I would rather see the Co take Big Steak,rather than leaving that to shareholders.... so wanna know the float n why VEDO moves so fast, Cause the float is less then 20% of the OS per this transaction.....
So Now I anticiapte a JV agreement from the Chinese Investors with HIDC
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