Jun. 12 at 10:19 PM
$VCIG Selling to a Related Buyer: The
$34 million subsidiary sale mentioned above was actually sold to a BVI company called VHKL Private Limited—which is owned and controlled by the CEO himself, Victor Hoo. Moving assets back and forth between the public company and the CEO's private entities creates a massive conflict of interest. [1]
Heavy Dilution: They frequently fund themselves through private placements and "At-The-Market" (ATM) offerings. This means they keep printing new shares out of thin air to raise operational cash, which heavily dilutes the value of normal retail investors' shares. [1]
