Thursday, August 14, 2014 4:39:10 PM
However, he didn't learn his lesson. Through a lawsuit filed by shareholder William S. Miller, an elderly man who apparently trusted Ash, Ken Ash was appointed temporary custodian of IDCN tasked only with holding a shareholders' meeting to elect a new BOD.
Instead of fulfilling his court-appointed duty, he appointed himself president, made corporate changes and personally touted as well as allowed professional promotion of IDCN, which also had no current public information -- in fact, IDCN had never filed any financial or disclosure statements in its 17-year history. He has never publicly commented about the suspension of IDCN.
It was unbelievable that he didn't anticipate regulatory action given what happened with PIPI/ANWM and what was concurrently happening with dozens of other stocks that had inadequate or inaccurate public information.
It's hard to believe anyone would still have faith in him. I suspect he is skilled in the art of confidence tricks.
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