Redwood Scientific Technologies Inc (RSCI)

[gsmt]

I brought this up last year but no one really wanted to hear it. No point trying to sue Larry. He left the company and Ben gave him ownership of the product and the patent. Larry didn't do anything wrong. It was a smart move to get away from Ben and his shenanigans.

No point in trying to sue Ben either, he is penniless. Only one thing you can do at this point.

Someone needs to report him. The SEC is giving out rewards for turning in guys like this. I know of 2 illegal acts for a fact:

As a board member you can't sell more then 10% of your shares per Qtr. Ben did WAY over that.

Also, in his financial reports he states that he still owned the residential product and the patent. Not true, and that is falsifying quarterly and yearly reports to inflate the worth of the company/stock price.

SEC just gave someone 325k for blowing the whistle...anyone interested in getting some of their money back?

http://www.sec.gov/whistleblower