Lot78 Inc. (LOTE)

[nodummy]

I think Cheyenne Moseley works for Legalzoom preparing documents as a resident agent. According to the LOTE filings, Wentworth Hightower Opportunity Fund is controlled by David Schmid so those shares are restricted anyways.

The key here is that of the 11,684,438 shares in the float, Christopher Davies owned 10,657,217 shares (91% of the float). This whole pump&dump action is all about Davies selling his 10,657,217 shares for as much money as possible.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130667767

David Schmid is doing his part to help out with the pump&dump by putting out 5 press releases over the past month.

http://www.prnewswire.com/news-releases/lote-announces-new-ceo--first-acquisition-300426872.html

http://www.prnewswire.com/news-releases/us-government-approves-lotes-new-electric-vehicle-charging-stations-for-federal-facilities-300430334.html

http://www.prweb.com/releases/2017/04/prweb14213047.htm

http://www.prnewswire.com/news-releases/lote-expands-to-canadian-market-with-exclusive-distributor-agreement-300437909.html

http://www.prnewswire.com/news-releases/lote-targets-20mm-province-of-ontario-canada-incentives-300440823.html

It is driving me nuts that they don't mention any money received from Christopher Davies or any debt that was owed to Christopher Davies in the LOTE filings that would have led to him getting those shares. It's like they just gave the shares to Christopher Davies as part of some kind of illegal share selling scheme.

The SEC definitely should be looking at this one.