Bots Inc (BTZI)

[lesgetrich]

in June, according to the sassano suit, mcig was manipulating the price through their investment banker and preventing previously restricted shares from hitting the market

Here's the actual quote from the Sassano filing...

mCig Post # 94116

68. Moreover, Defendant Rosenberg asked that Plaintiffs not sell any stock into the market “right now” as MCIG was working with an investment banker referred to by Defendant(s) as “Michel”.

69. Defendant(s) claimed that “Michel” was sitting on the bid price, through his family office to help support the stock price.

What are the facts here? Specifically...

1.) mCig was working with an investment banker (presumably to solicit investments in mCig)

2.) Paul said the investment banker was sitting on the bid price to support the stock price.

What's missing? Proof that Paul or mCig asked the investment banker to do that. Without such proof, there is no case that mCig was involved in manipulating the stock price.

Also, wouldn't it be part of company management's fiduciary responsibility to shareholders to prevent restricted shares from hitting the market when legally possible?

Another fantasy debunked