Wednesday, August 27, 2014 2:08:08 PM
Even though PIPI will likely remain a grey market stock in perpetuity, Ken Ash may believe he can stimulate trading of the stock in volumes sufficient to provide some liquidity (for himself?). Ash was trying to do that same thing with IDCN when it was suspended by the SEC.
Ken Ash was made the court-appointed Custodian of IDCN on 3/5/12. Although this was certainly "material" information, Ash made no public announcement until he issue a PR on 3/23/12.
Prior to the public announcement on 3/23/12, the trading volume of IDCN dramatically increased starting in the time leading up to and especially following the 3/5/12 default judgment in WY. It is my belief that Ken Ash, his SCG followers and other shareholders involved in or selectively informed of the WY action were trading on what they assumed would be received as very good news when finally made public three weeks after the fact.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73629528
Ken Ash was very irresponsible as the Custodian of Indocan Resources and seems to have acted primarily in his own self interest as well as that of his followers.
Ash did not timely announce the action, even when a company named Oxygen Orchard thought it had acquired the IDCN shell. He also failed to do the only thing the court tasked, to hold a shareholder's meeting to elect a new BOD.
If Ash is behind the recent PIPI trading activity, which appears to be blatant manipulation, nothing good will come of it IMO.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM