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Monday, May 22, 2017 1:58:53 AM
In fact it seems hearsay from private conversations between Nelson and individual shareholders that get posted are the only source for anything close to reliable info about the cell. The fact that all of this "truth" that was supposedly out there only exists in this form and not in an official form is a huge red flag.
Developing a personal relationship with the CEO of the company should not be a prerequisite for being able to obtain reliable information about the company.
It is absolutely unacceptable to insinuate that Nelson was honest about the cell because a few people were able to infer the truth based on private conversations. Especially because these interpretations of their conversations contradicted public statements made by the company.
This is another private conversation someone had with the CFO about the cell, this time from the shareholder meeting in late 2015:
There was a secret forums that has since been wiped where certain investors and posters would post private conversations they had with the company under the belief that it was confidential. I was able to get access to the entire archive and currently have the only copies of it. There was some interesting things there, including several accounts of private conversations and a few of the posters there were fairly well connected. However, most of it is just crude gossip.
One of them just happened to be in personal correspondence at various times with:
- The former (and currently discredited due to PCAOB sanctions) auditing firm for SLTD
- A son in law of Jim Nelson (he said he didn't like to talk to him much because it "looks bad", whatever that means)
- Frank Hunt, chairman of the audit committee
I don't know how he knows all of the people, but I did some research on this guy and found the firm that he works for is basically just him and his family members and has been discredited by the PCAOB in the past for involvement in (negligent) auditing of Utah based penny-stock frauds.
I found it kind of odd a guy would just happen to know close family of company management, their auditing firm, and the head of the audit committee on the BoD, but it is what it is.
This board was also how I figured out the company violated an NDA with Amazon by publishing the PR related to their contract last year. A private conversation between one of the posters there and a company employee proved it.
A secret forum should not be my best source of information about the company directly from the company (who haven't made a habit of talking to me).
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