Actually that is incorrect. The Company has an obligation to report all material information immediately including the exercise or issuance of any security including common stock issued for convertible notes when it would be material to an investor. I think anyone who bought this garbage stock would agree that they would not have purchased had they been aware that million of shares of stock were being illegally issued by management and sold into the public markets by Big Apple and their transferees which I will address under another post. These investors would also want to know (at the time of their investment) that agreements were in place with Boost Marketing, a company controlled by Big Apple Consulting, a defendant in an SEC Action (and who was found guilty on all charges).
This Company has taken every conceivable step to conceal their relationship with a convicted SEC violater, Big Apple Consulting as well as their true share structure and ownership. Most importantly, there were agreements in place as early as 2010, which caused continuous dilution to investors yet those agreements were not disclosed by prior or CURRENT MANAGMENT. This is textbook criminal securities fraud.
Who will step up and be the next James Plant spending time at Uncle Sam's finest resort? It is time to wake up and smell the rotten apples.