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Doing our part to spread the word!
Thanks to the vision and support of many investors, the inventor, founder and CEO swore to correct this wrongdoing. After years of tribulation, focus and much pain, new evidence finally uncovers how a group of individuals and their families have worked together for years to defraud many.
Thank you all for your support, and for continuing to spread the word.
Each party has a notary public or a qualifying person to validate the telephonic hearing beginning to end.
Uncle RICO will be knocking...he is just waiting for the party to start...he is to cool to be the first one there.
JD single barrel on the rocks! Sending you a virtual toast...lol...to a great day and a better evening.
You are half right....no buyers cause no one willing to sell cheap.
STRONG HANDS SHOWED TODAY! Must not be that many shares left people willing to get rid of at those prices. GREAT JOB LONGS...
My limits are set with Schwab.
C Schwab is ready...
It's simple Supply and Demand without the gamesfrom this point forward.
If you have followed the board the past week or so it's clear there will be a supply shortage and a very strong demand.
A lot of strong hands here that should not be underestimated.
OPERATION LOCK THE FLOAT RESUMES AT OPEN TOMORROW!!!GLTA
Thanks Abba for your presence on the board. Learned a lot here already and I am sure that will continue tomorrow.
In Utah, the crime of engaging in a pattern of unlawful activity is commonly known as "racketeering" under Utah Code Ann. § 76–10–1603. The crime is often classified as a "white collar crime." For example, Section 1962(a) prohibits a person who has received income derived from a pattern of racketeering activity from using the income in the operation of an enterprise.
A violation under Section 76-10-1962(a) occurs not when the defendant engages in the predicate acts, but only when he uses or invests the proceeds of that activity in an enterprise.
Utah's law against a pattern of unlawful activity was primarily directed at halting the investment of racketeering proceeds into legitimate businesses, including the practice of money laundering
Evidence shows a complete disregard for ethics and a grotesque fraud scheme orchestrated by defendants and affiliated parties.
Initially, we note that the Act imposes criminal as well as civil liability and all of the predicate acts, or "unlawful activities," are crimes prohibited by Utah's criminal code. However, subsection 76-10-1605(1)(b) provides that civil liability may attach regardless of whether "the conduct has been adjudged criminal by any court of the state or of the United States," and it is not necessary to prove the existence of an unlawful activity beyond a reasonable doubt. Rather, subsection 76-10-1605(5) provides, "In all actions arising under [the civil liability] section, the burden of proof is clear and convincing evidence." In the instant case, the trial court expressly ruled that it based its findings on clear and convincing evidence.
Evidence shows unimaginable wealth was accumulated by all involved.
Thanks to the vision and support of many investors, the inventor, founder and CEO swore to correct this wrongdoing. After years of tribulation, focus and much pain, new evidence finally uncovers how a group of individuals and their families have worked together for years to defraud many.
If you think it was the tweets, which I will assume that is what you are referring to, all I have to say is "CHEERS"
Do you think it was the tweets?
So in your own words, why did SECI stock get suspended?
Cause I have read what you posted already.
From the April press release:
1. Sector 10 looks forward to legal discovery and seeks advice on Utah RICO Laws, or the Utah Pattern of Unlawful Activity Act (UPUAA) which is not entirely identical to its federal counterpart, the Racketeer Influenced and Corrupt Organizations Act (Federal RICO)
REALLY DONT THINK THE COMPANY COULD MORE CLEARY STATE THEIR INTENTIONS IF A SETTLEMENT IS NOT REACHED!
I don't think there is a clear cut reason the SEC suspension happened. All speculation... I talked to the SEC 3 different times trying to get them to lean a direction of what or who actually caused the suspension and they would not do it.
Waiting on the RSVP...lol...love your signature by the way...so true...alot of differing opinions here....everyone do your own DD and decide for yourself what is best for you. All speculation at this point, but you have to admit Sector10 makes a extremely convincing case and in civil court the burden of proof is just by a preponderence of the evidence. GLTA
I personally think that some of the brokers and market makers got caught naked thinking they would be able to manufacture their opening by jacking with the bid a creating sells to cover. You add the retail shorts to that equation and any other retail investor wanting in and you have by definition a short squeeze. Huge demand and limited supply.
The SEC was #1 on the guest list to this party! Consider them the retail chaperone!
Very limited supply....pending summary judgement which could send this play into orbit....the only thing that has changed in this play is shorty was not invited to the party this time.....demand will be there without a doubt. Risk vs Reward.
DOUBLE DAMAGES POSSIBLE UNDER UTAH PATTERN OF UNLAWFUL ACTIVITY the company has already stated they are looking into filing these charges.If this case does not settle, you can bet that they will be filed along with discovery being granted....check this link and decide for yourself... https://le.utah.gov/xcode/Title76/Chapter10/76-10-P16.html?v=C76-10-P16_1800010118000101
KNOWING THE DEFENDENTS COULD HAVE TO PAY UP TO 2TIMES THE NET TOTAL OF DAMAGES AND FEES...ALMOST MAKES YOU WONDER IF SECTOR10 WOULD EVEN BE WILLING TO ACCEPT A LOW BALL SETTLEMENT?
This thing could go either way, but in my opinion Sector10 is in the driver's seat!
Short interest is the number of shares that have been sold short but have not yet covered or closed out. Short interest, which can be expressed as a number or percentage, is an indicator of market sentiment that tells whether investors expect a stock's price is likely to fall.
Short squeeze. A short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock. Short squeezes result when short sellers cover their positions on a stock, resulting in buying volume that drives the stock price up.
If there is no market maker to shake the tree by dropping the bid if everyone decides to hold, then there is great potential for a squeeze when short who got stuck look to close out. They will have to match the price of what is available. Should be very interesting.
Definitely not a law professional. So I don't really know for sure.
It think it's section 76-10-1603 and it looks like all have been violated in my opinion. Check out Utah code...part 16..pattern of unlawful activity.
Google Utah pattern of unlawful activity and you can download the PDF of the law.
Got to head to work. Touch base with you guys shortly
In Utah, they call it "Little Rico" or
Utah pattern of unlawful activity and it can be applied a state level at any point if this case does not settle. The fine for being found guilty of this state charge is a max of 2 times the net proceeds of the entire case!!!! Yes that is correct and you did not read it wrong!!! Fact check it if you like. That my friends is an absolutely huge roll of the dice for the defendants if they choose to press their luck and not settle!!!
Sector10 has dotted their I'd and crossed their T's this go around.
1. Sector 10 looks forward to legal discovery and seeks advice on Utah RICO Laws, or the Utah Pattern of Unlawful Activity Act (UPUAA) which is not entirely identical to its federal counterpart, the Racketeer Influenced and Corrupt Organizations Act (Federal RICO).
2. Sector 10 also announces further expert assistance on evaluating the loss of revenues and profits as a result of the defendant’s actions and interference with Sector 10 business operations, as well as the market cap loss and the negative impact on the (SECI) stock valuations.
3. In light of the new evidence as released in February 2018 and the pending opportunity to proceed with legal discovery, Sector 10 Plaintiffs are expected to amend the case to include new defendants who are currently still under investigation.
In the midst of convoluted litigation, operations have been hindered and undermining "mafia" tactics set back the company's ability to raise capital and develop ongoing business in order to continue forward.
Evidence shows a complete disregard for ethics and a grotesque fraud scheme orchestrated by defendants and affiliated parties.
Evidence shows unimaginable wealth was accumulated by all involved
From CEO...
Is it time to make things right?
I am just a man.
I put my pants on in the morning, one leg at a time ... this is not about me, but about all of you too.
Perhaps you are a betrayed investor in any of these public companies, believing the beautiful stories you were told.
Perhaps you are a customer. Perhaps you use the disputed technology on a daily basis, unaware.
Perhaps you are simply a good person who recognizes the loss of financial support for humanitarian relief really is a loss for us all, and society as a whole.
Perhaps it IS time to make things right and expose what really goes on behind those beautiful corporate facades and polished press releases?
CEO set up his Dominos and is sitting back watching every last one fall perfect as planned!!!
I just think settlement is the defendants best option at this point. Just cut a fat check and walk away....cause it is more than obvious that this case is not going away or it would have long ago....
After more RICO DD, I think if the defendants choose not to settle and SECI moves forward with discovery and they let this thing go to trial it would be the defendents biggest financial mistake since the theft of Tech. At that point, SECI motions to have this become a federal case and files RICO civil charges and possibly RICO criminal as well and makes the defendants truly pay for there wrong doings and unwillingness to settle.
This is the CEO after filing RICO charges
The real questions and debate needs to turn to How strong are the hands of Virtu Financial...aka..NITE?Not trying to rock the boat cause I am in this fairly deep and plan on holding reguardless until a ruling is reached but don't forget the MATH on all sides of this play. The float is 130k don't forget. NITE holds 25% to take us to the 100,000 number we been using to factor a lot of our decisions thus far, but unless NITE's shares are frozen on the grey market they could be the proverbial "cookie jar" or SHORTYS safety net per say.. One thing is for sure, there is a MM holding a 25% stake in the float we are trying to lock and that locked float is key in a lot of predictions we have made including myself.
So please, do your DD and as a group we need to find out if NITE is able to trade there 30,000 shares as a regular shareholder or if those shares will be restricted on greys? Truly hated to bring it up but it's something we all need to try to find answers for....one thing is for sure though.....the SEC will have a very close eye on the cookie jar.
Short answer is no I don't think it could be applied to this case once decided. I do think they could move to apply RICO which would be a huge risk and the case would have to be moved to federal court.
From what you described I think that is why the defendant is fight so hard to keep Sector10 from discovery. Because they have a lot they want to add to the case. We shall see. I will do a little more DD on RICO but unless this case is federal it will not apply.
Not sure....i believe in this case unless there is some new development RICO would be outside its statue of limitations for Civil RICO unless by filing the original suit covered it as a possibility. Here is a little info I found:
CIVIL RICO
Criminal Activity. You must show that the defendant committed one of the enumerated RICO crimes, which include the broad crimes of mail and wire fraud. If you bring a claim on a fraud basis, however, the court will apply strict scrutiny.
Pattern of Criminal Activity. One crime is not enough. You have to show a pattern of at least two crimes. A pattern requires the crimes be related in some way—same victim, same methods, same participants—or continuous, meaning it was conducted over at least a year.
Within the Statute of Limitations. The Supreme Court held that RICO has a four-year statute of limitations, which begins tolling from the time the victim discovers his or her damages.
CRIMINAL RICO
To violate RICO, a person must engage in a pattern of racketeering activity connected to an enterprise. The law defines 35 offenses as constituting racketeering, including gambling, murder, kidnapping, arson, drug dealing, bribery. Significantly, mail and wire fraud are included on the list. These crimes are known as "predicate" offenses. To charge under RICO, at least two predicate crimes within 10 years must have been committed through the enterprise.
Hope it helps...i will look for a better answer for us.
Me too...but I don't think the Tylenol will be strong enough for him....he may have to go to the top shelf. Good luck.
FACT: It was the defendants who motioned the summary judgement.
But why? that's simple in my opinion...to try to end this thing before
legal discovery is granted to Sector10.
Why the delay? no one knows yet in my opinion. But if I had to guess it's kinda like burning all your timeouts to ice the kicker in the 4th Quarter with 2 seconds left on the clock and its a chipshot for the win. I am sure the defendants know what's coming if discovery is granted and that is a fourth quarter win for Sector 10.
This is just my take on the situation but if I was the defendants I would be doing everything I could to make this go away.
We shall see...
We I took a look back at my own post considering the "MATH" and the tweets from the Company trying to see if I missed something....I caught something in that post that I have yet to key in on........may be grasping for straws but....have I been missing what's really possibly in question here on top of the theft of Tech?
SECI was forced to do a reverse split, not once but three times, to ensure the company and the stock would survive the shorting and other market manipulations as the result of defendants’ actions.
One has to consider the influence a multi billion dollar company could have behind the scenes as it pertains to trying to eradicate there problems by pulling strings and manipulating the stock of there biggest threat. Maybe...just maybe...it has been the defendants hands in the cookie jar this whole time!!!
And maybe just maybe.....the SEC has wised up......and they blow this case wide open.
Like I said....i maybe grasping for straws
or maybe I am just coming out from under the rock and understanding what the hell has taken place and this deal is much much larger than the original theft now.
MATH DOES NOT LIE AND THE TRUTH WILL SET YOU FREE!!! $SECI
Agreed New $tockguy.....truth would be much appreciated as it pertains to the new date.
I understand. Can't argue your conviction.
We shall see...good luck...
Sounds like you are calling a settlement prior to the summary judgment which is scheduled for 3:00pm MST....I knew you would come around eventually...
A little something to sleep on tonight.
A summary judgment is a motion made in an effort to end all or a portion of a case. If a summary judgment is granted the portion of the case that the judge granted it for (or the entire case) is over and one or the other side wins.
Glad I am not on the outside looking in!!!! $SECI
Civil CaseThe standard of proof is also very different in a criminal case versus a civil case. Crimes must generally be proved "beyond a reasonable doubt", whereas civil cases are proved by lower standards of proof such as "the preponderance of the evidence" (which essentially means that it was more likely than not that something occurred in a certain way).
https://study.com/academy/lesson/criminal-law-vs-civil-law-definitions-and-differences.html
It's going down tomorrow!!! $SECI
Thanks PRP,T...
$BYSD is definitely on the right track. When you get the opportunity to be on the front end of a play like this its more like a traditional investment. You just plant your seeds and wait for it to grow.
.0004 will be like the first sign of green breaking through the soil. As you probably know, once the sunlight hits it grows much faster.....next thing you know you have a full blown money tree! We just get to pay a lot less for our seeds cause we are willing to wait for what we know is coming. $BYSD