Saturday, November 15, 2014 12:24:20 PM
Just a heads-up.
I've been doing some DD on Moffitt's involvement with Drake Gold (DKGR), as well as some "toxic financing schemes", and while I haven't been able to put all the pieces together yet, the one-year anniversary of Taylor Moffitt's receipt of almost 3 Billion shares ("on or about November 25, 2013") leads me to think there MAY (BIG MAY) be an announcement forthcoming this week or next.
My research is still incomplete, but here's some on the involvement of Moffitt with DKGR:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108202117
Interestingly, almost exactly one year after DKGR filed a $350,000 offering (surreptitiously, I believe) with Kelso Funding LLC (an "inactive" MN company, BTW), DKGR announced it was acquiring "Universal Apparel".
This to the detriment of shareholders, as the current price shows.
There's a lot to chew on, and I'm strapped for time, but shareholders or potential investors might benefit from reading-
http://coralcapital.com/sec-charges-firm-with-illegal-fund-raising-for-penny-stock-companies/
and comparing Fairhills' actions to the actions of Moffitt/Kelso.
Moffitt is probably more professional, and may play the game better. He's also well-versed with the rules of the JOBS act, which opens the door to much more hidden dealings, but another time for that.
BTW, Fairhills was a predecessor to Kelso in doing offerings to DKGR.
Interested shareholders or potential investors might also find interesting parallels to what is happening to RIGH in this explanation of Toxic Financing:
http://www.hotstockmarket.com/t/61503/toxic-financing-in-depth
Number 10 (from above, is particularly interesting...
All the above is preliminary and certainly nothing is conclusive, but presented for those who might want to continue their own DD.
And oh yes.... the late Q3 Financials are due on Wednesday, 11/19/2014.
Best to all.
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