Wednesday, March 29, 2017 9:33:38 PM
It's probably true that some retail buying took place, but there were a few buys for large sums (10s of thousands of $$$). Those weren't retail penny lotto players.
It is clear from the last quarterly that a lot of notes were written in late 2016 and early 2017. $300K for his new talent-agency buddy, plus others for less, but still sizable amounts.
Now, 3B+ shares traded, and that's $300K, but surely that wasn't all for that talent-agency guy.
If this is a scam, what I'm wondering is when FINRA or the SEC is going to step in to 'protect investors'. Although low-volume stocks that are do-nothing, non-reporting, and put out no-PRs, may exist for years 'under the radar,' the watch dogs DO pay attention when there is suddenly a lot of interest and action on an obvious scam.
EGOH is becoming very high-profile in its activities. If it is a scam, someone who can shut them down will be watching. And, of course, surely all those burned by Ken via MDCN have already repeatedly told the SEC to keep an eye on Ken now that he is 'at it again.'
If it isn't an "obvious scam," what more does EGOH have to do to cross the line to make it obvious?
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