Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Shareholders should remind Adair of his fiduciary duty to communicate with shareholders. This is absolutely unacceptable and anyone who knows a securities lawyer should ask them to take a look at this situation and see if it's worth filing a shareholder derivative action. It's one thing to run a company into the ground. That's the risk in penny land. But a total lack of communication, a failure to submit proper filings with the SEC, essentially causing shareholders to have their investments held hostage (by not being able to sell our positions), and not even being able to take tax losses (which I'd argue is a direct financial injury), all seem to add up to something that smells like the ingredients of a lawsuit. What are people's thoughts?
For what it's worth, Brandon replied to my direct message on Twitter and acknowledged we all deserve a full explanation. He said he would comment on it soon. That was 3 days ago. I'm willing to give him some slack, considering my ASUV shares were completely worthless at one point, so he has provided me some value. My opinion isn't worth anything, but I'm hanging around to see where he takes this. It might be directly into a brick wall, but no one can say is has not been an interesting ride.
Is this being pumped somewhere? I didn't see any PR or Twitter post. Why the 30% uptick?
NIA is claiming it will break $8...all for the low low pumping price of $40,000. Hell, if they paid me $20,000, I'd say it will break $20.
Wow. This is the first time I've ever seen Motley and NIA agree on something. But if my history has taught me anything, it's that any huge news or PR will come one day after my options expire, then the pps will blow sky high.
I hope you're right about the breakout coming soon. I picked up some February 16th $22.50 call options that are getting crushed right now. We need a huge PR.
Are you here because of NIA?
Why and how did 25,000 shares trade today for $0.0003?
I got 159,500 at $0.0056, this morning. Feeling pretty good about myself.
Aaaaaaand....there it is. 50,000 at 0.0001.
Your prediction is looking like total garbage. Adair is totally M.I.A.
This whole company turned out to be a joke. What do you have to say?
No one can sell them, even if they wanted to. This has been totally suspended. It has to be some kind of crime to hold our capital hostage like this. Even if I wanted to take a loss for taxes, I can't. We are suffering financial damages here and should be made whole. I can't even get an email back from Adair. Totally inexcusable.
TRANSFER AGENT
Corporate Stock Transfer
Carylyn K. Bell
3200 Cherry Creek South Drive, Suite 430
Denver, Colorado 80209
office: (303) 282-4800
fax: (303) 282-5800
website: cbell@corporatestock.com
I am literally going to walk into the SpectraScience office tomorrow, in Sorrento Valley. Does anyone have specific questions they want me to ask, besides the obligatory, "what the hell are you doing here, on a daily basis?" My first question I personally plan to ask is, "what do you plan to do with that whole $27,000 you have in the bank?"
This company has so much potential. But it's turned into such a stereotypical stinky pinky. Oliver owes answers.
What the hell is Oliver doing? 2.8 billion shares to accredited investors for $639K? Does he remember this is a medical device company, not a stock certificate print shop?
I think it's safe to say, they are no Saudis involved with EGYH anymore. So while this is interesting news (and long overdue), it really is not relevant to us and this company.
Ha! Just like it's for FDA approval!
Oliver probably just needed an oil change for his Maserati.
He told me the same thing....over a year ago.
I hope to whatever higher power to whom you pray (mine is Warren Buffet), that you are correct! I hope we all retire early on this one.
That was never specified. But it was in an 8-K on 9/6/17. $1.5MM with an option for a subsequent $1.5MM. Look it up.
SFOR got $1.5MM in litigation funding. Things are going to be just fine.
Let me be clear, I understand this schedule is a formality. It will never run its full course. But it's nice to see an absolute worst case scenario would still only take us into the first half of next year. And by that, I mean that's when SFOR would kick ass at trial and take treble damages to the bank.
New proposed schedule for the Duo litigation just posted. FYI.
Mr. Sharp may be a good person to start with, but the big guns are Robbins Geller Rudman & Dowd LLP, also in San Diego. They are a giant firm who has already filed a class action lawsuit against DryShips back in August, for violations of the Securities Exchange Act of 1934. Same pattern of dilution and reverse splits. Definitely worth a look.
https://www.rgrdlaw.com/cases-dryships.html
I will sign or call or anything to get these scumbags to pay back us commons.
Would someone like George Sharp at Clipper Corporate Partners be a starting point for figuring out our options?
I admire your optimism, but my interpretation is different than yours. Unless there has been an infusion of cash to allow the MORDIS study results to be analyzed, this company is dead. Feel free to educate me, but I have not seen anything remotely positive regarding any influx of cash. Raising money was supposedly Oliver's speciality. I've yet to see it with this company.
This is the reply I got from Oliver back in February of this year. Take whatever you want from it. I was asking about the fact the government clinical trials website still reflected the MORDIS study as being open.
"No, that is not correct. I don’t remember the exact timeline, but we updated the clinical trials website late last year or early this year. We updated the status to indicate the trial is now closed at all sites. Until late last year we had a single site remaining open in the UK. Analysis of the data will commence when we get the financing we are seeking finalized. At that time we’ll provide the investigators with the data and a draft of the conclusions for them to review and circulate among the authors. I am sure they will seek publication in a journal, a process that takes 6-9 months. In order to get published, the results of MORDIS cannot be released in any other format.
We are finishing up the draft of the K which will be supplied to our auditors for their review. Our auditors will be on site here in San Diego, make their final comments, review those comments with our board’s audit committee and released before the end of March.
Hope this information is helpful to you.
Regards.
Mike"
It's been 4 months of utter silence, not just to shareholders, but to the SEC too. What the hell is Adair doing?
It's now been 9 months since your prediction. Where's the deal?
This was over a year ago, so I'm paraphrasing, but he said they were looking for a finance source so they could bring the company current and close a deal at the same time. Clearly, that source was never found.
The way I look at it, those of us who were early to the party should be quite happy about this taking so long to develop. Long term capital gains tax is much better than short term capital gains tax. For me, it will be the difference between a retirement house versus a retirement condo! Go SFOR!
Samuel Whitley
www.whitleylawgroup.com
888-252-8277
I sent an email via his website and left a voice mail. A couple days later Adair called me. Try it and see what you can dig up.
Everything I post to this board gets removed.
Bottom line, these guys got greedy, didn't make a deal when they had the chance, and are now screwed. They just don't have the money, and oil is never going as low as it was when they DID have the money. They missed the boat, and now they're dead in the water. I've attempted to contact Adair multiple times. The only response I got was when I contacted his lawyer in Houston. If you want to talk to him, that's likely the only way you will hear back from him. Tell him you have an investment group interested in the company. All he cares about is money.
Who is buying this stock? It's a dumpster fire.
Hell yeah! Nice post!
Licensing agreements can be, and often are, subject to non-disclosure agreements. This is a carefully worded 8-K, as was the 10-K. As someone who knows people who analyze SEC filings on a daily basis, my personal opinion is a press release is still a public statement, which is just as subject to litigation under 10(b)(5) as any SEC filing. Kay is JP Morgan pedigree. He knows not to mess around with deceitful statements or omissions. I'm sure he knows the ramifications of such actions, even for a CEO of a pink sheet company.
I'm involved in discovery disputes on a daily basis. I know a weak bargaining position and last ditch plea to the court when I see one. This is textbook delay on the part of a larger company, attempting to starve-out a smaller company and force them to settle for a lowball offer. Only problem is, BR isn't playing the game. They're calling Defendants on their BS tactics. Judges HATE dealing with discovery disputes, so if one side is caught lying and the other side shows evidence of that lying, the judge has broad discretion to royally screw the liars. Add to that, the fact BR wants to proceed with the trial schedule as is, and the judge is highly likely to favor BR and SFOR. That's just the way this game is played. All my opinion, but I have been doing this for a while.
Have you read the patents? Have you read the claim constructions from the Massachusetts case? Blank Rome is like Achilles and McCarter & English is like Hector. BR is just pacing outside the gates, knowing his glorious victory is inevitable. ME is hiding behind the walls of Troy, cowering and begging the gods (in this scenario, Judge Falk) to be merciful and give him more time to live before his ultimate destruction at the hands of the superior warrior.
I'm betting on Achilles.
Two new letters today. Duo's attorney claims SFOR is not providing any discovery. SFOR'S attorney turns right around and basically calls Duo and their attorney a bunch of liars. Two of the three defendants have apparently not even requested any discovery from SFOR. Blank Rome made it clear SFOR is ready for battle as the schedule sits right now. Defendants are attempting to delay, in my opinion, because they know they're screwed on the merits; but SFOR needs money, and delay makes SFOR more likely to accept a lower settlement offer. Crooked sons of bitches. I hope they take this whole thing to trial and make these bastards pay treble damages, just on principle alone.
Even penny stock CEOs have fiduciary duties to shareholders. Duty of care and duty of loyalty. I don't see how this CEO is fulfilling either of those. If he is done running this company, he is arguably obligated to sell it or officially cancel all business operations with the Secretary of State. This is not a mom and pop private company. We are owed some answers.