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We need some updates here
What news?
Wish they would get their $hit together.
Let it run, people. Stop thinking small time.
Slow and steady wins the race.
Six months till they enlighten us or six months till they launch the price?
Someone always has a reason. We're just not privy to it.
I'm prepared to believe in miracles.
I've been holding this at a loss (until today) for ages. Guess I might as well hold on to see what happens.
Can't wait to see what happens!
That does help.
Yep, I agree wholeheartedly.
Thanks, FM. That is quite reassuring. All I saw was the potential 20 year sentence and no follow up, so it felt like it was hanging over us. Sounds like they made a big to do over something that was a very small deal. That means I can go back to focusing on the big potential here.
After the CEO went to prison for 20 years for stock fraud, who's running the ship? Don't get me wrong - I still have my old shares in this from before the FBI trapped the CEO Shailesh Shah in a fraudulent stock promotion kickback scheme. What I need to know is what has happened in the management since then that will give me any confidence in staying in this stock or, more drastically, buying more shares?
Indian American entrepreneur Shailesh Shah pleads guilty to stock scam,
faces jail time of 20 years.
WASHINGTON, DC: The CEO of two publicly-traded companies in the US, Shailesh Shah, was convicted on charges that he paid kickbacks in return for purchases of his companies’ stock.Shah, 48, of Chino, Calif., pleaded guilty before U.S. District Judge Richard G. Stearns to two counts of mail fraud and two counts of wire fraud, according to a press release issued by the FBI. His sentencing is scheduled for October 23 of this year.
Shah was the President and Chief Executive Officer of SOHM, Inc. and Costas, Inc. He agreed to pay secret kickbacks to an investment fund representative in exchange for having the investment fund buy stock in these two companies. The kickbacks were concealed through the use of sham consulting agreements and other fraudulent documents. In actuality, however, and unbeknownst to Shah, the purported investment fund representative was an undercover FBI agent.
Apart from Shailesh Shah, also charged in May was Sandip Shah, 40, in an indictment with nine counts of wire fraud. Sandip Shah is also from Chino, California, and was previously arrested on February 27th of this year.
Sandip Shah was in the business of promoting penny stocks and assisting public companies in finding sources of funding. He agreed to introduce the investment fund representative to executives of publicly traded companies so that those executives could enter into the kickback arrangement. In exchange for the introductions and for facilitating the kickback arrangements as they continued, Sandip Shah accepted a portion of the kickbacks paid by the executives. What the defendants did not know was that the purported investment fund representative was actually an undercover agent.
The plea by Shailesh Shah follows a lengthy investigation focusing on preventing fraud in the microcap stock markets. Microcap companies are small publicly-traded companies whose stock often trades at pennies per share.Shah faces 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gain or loss on each count.
It has run and run big before.
They keep trying to beat it down and it just springs right back up again.
You're pretty smart...for an outlaw.
He could put up his own money to buy them back.
Great, make it happen.
Would be nice to have some news/updates...
Won't sell any below $1.00.
Brusatore says in the comments he is not involved with Terrasphere anymore. Is that separate from Vertical Designs? Is Vertical Designs still his company? If Vertical Designs owns a controlling interest in Affinor, shouldn't we buy shares in Vertical Designs instead?
Interesting. Makes sense. Thinking about getting in.
Why has it been dropping all week?
The sun finally shines on us! Just broke even, now looking for upside.
Thanks! Looks like the info is in now.
I tried to buy it on Etrade today. It shows the last price as .32 with 0 volume, so wasn't sure if it would let me. When I bid .32 it gave me a warning that I was bidding more than 20% more than the current price, so I cancelled because I don't understand why it said that. Apparently Etrade is unable to show what the current price is.
Awesome, thanks!
Yeah, I figured out the market was closed today after I wrote that.
Can I buy it from the US on the TSX tomorrow? Would be nice to get some before it starts trading here. Do they actually grow or sell any marijuana, or just growing technology sold to growers?
almost
So does this mean I should or shouldn't buy my vacation home in Nicaragua?
I'm flattered that you think I know!
Really? What do you know?
Showed lots of strength today...
Buy.
Still holding a bunch here. Still think some thing's happening.
This is not the same as a fake document being posted on a fake website. This is an actual SEC filing.
At least someone bought them up.
Amazing volume!