Well… In the spring of last year, I wrote an article about HJOE. The company had recently become delinquent with its filings. It had a number of note holders, and had been diluting at a good clip. I pointed out that the delinquency meant that Rule 144 wasn't available to holders of restricted stock.
HJOE hasn't filed since. And several times, it bragged in (now deleted) Twitter and Facebook posts that it had cleverly prevented additional dilution. Now, one of those note holders, KBM, is suing them.
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