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Yes really
Seems like the claims about court have been very accurate and that manipulation from outside sources did in fact exist.
Made up as it was typed is the general query for most information spewed the last 10 days without facts and citations lol
Not fraud or it would have stated fraud sorry try again.
Seci soon to be trading on a market near you again lol I love it when people are so wrong about things it hurts
Twisting words fraud was never stated
Lol who was it that was saying again it would be impossible for a mm to file a new form 211 again?
More tortious interference
2009: Lee Allen, acting as a Dutro representative, develops new loan documents to provide permanent financing for Sector 10, funded by Dutro affiliates. These new loan documents appear to entice Sector 10 to accept money from the individual IRA funds of William (Bill) Dutro and his sister Vicki Davis (Dutro) to pay back the initial investment that Vicki Davis and Bill Dutro provided as bridge financing at the end of 2008 through March 2009.
Sector 10 recognizes the illegality of this strategy and refuses.
In addition, these loan terms would have transferred control of Sector 10 to Dutro and affiliates. Again, Sector 10 rejects the agreement.
Strangely, despite the above-statedrejections and eventual non-agreement, Lee Allen promotes himself as the COO of Sector 10 and claims he is entitled to executive compensation. These statements were false. Sector 10 formally denies Lee Allen’s status as COO. The non-engagement of Lee Allen is later also confirmed by SEC auditors during the quarterly audits.
Lee Allen contacts Moody Capital—and several other investors already engaged in discussions with Sector 10)—in an apparent attempt to sabotage potential alternative financing resources. Moody Capital replies to Lee Allen with an inflammatory email (read email).
2009: While Sector 10 develops a relationship with Bank of America in San Francisco, Lee Allen and Dutro affiliates interfere with the Bank discussions. Lee Allen declares to Bank of America representatives that the Sector 10 technology is now under full control of Dutro and affiliated parties.
tortious interference
It was interesting today when the volume for the day surpassed the short interest taken the day of suspension and a few nameless posters vanished into thin air until just now.
Treble damages
tortious interference
Sounds like a Rico claim statement
Nice this goes to trial seems to also working the Rico angle with the " tortious interference" statement disappointing that the missapropriations of trade secrets part was removed but a win for breach of contract trial. Also I do indeed like the statement made regarding the suspension and the talks with the sec
Awsome thank you
Where did you find this I checked all the news wires and cant seem to find it? I did find they are buying a billion dollar energy package from ge
Last hour to get in where you fit in for tickets to the game
Wasnt the short intrest 2.4k now we have 2.5k in volume
Looks like someone is trying to manufacture a price decrease by selling a few shares low
Makes sense thank you I've been looking around trying to peice together what's happening and figured someone here would have a idea. I appreciate the response and the correlating dd I know they have a new system set to debut and a few other things happening around stateside. Kinda curious with the new ticker symbol and the anniversary of the pong game the 27th of November figured something may be a foot.
Probably update Friday or tuesday Monday is Columbus day but holding all the same contingent on the ruling
No it was just for fun I am sure everyone knew I was asking for myself
I think they are current in the French market it looks like they are trading under a different symbol European. I just dont knop how finra accepts paperwork for a ticker change on a filer on the greys. I am assuming they are doing something hence the symbol change granted 2 days ago but just not sure what
Oh sorry I thought I did already it is pongf atari just did a ticker change in the grey market approved 2 days ago.
In order to apply for a ticker change the company has to be up to date correct ?
When a company goes thru a ticker change on the grey market does that mean they are going to trade on the open market again and have completed all of the requirements to be once again listed to a exchange? Asking for a friend
Anyone else notice that the etrade mobile app shows a bid and a ask on this ticker while online doesnt show anything also the ss and market cap are updated into the mobile app. I called etrade and was told they have never seen this before and they have it still listed as grey market. Doesnt a ticker change from finra require updated information bringing them current again? I see no quotes listed on my lvl 2 but this is all very strange took a starter today here.
Looks like we have crypto coins and a new game system coming out this should get interesting
Interesting
The truth is you never know for certain till the 10th.
First time for everything I believe is the quote that comes to mind. Nothing is impossible
If form 211 is not filed
Sounds appropriate for what took place and happened
Yes the opposing party asked for a summary judgement on the case I believe looking for it to be tossed out
On no I didn't mean that you said it didn't hold merit I was just stating the facts surrounding the court date. I unintentionally directed it towards you by just hitting public reply on your message but it was just a general statement
The summary judgement is the judge making a judgement on if the case will have any merit to proceed to trial or if it is to be thrown out. This judgement does hold merit as a victory in favor of seci forces the defendant closer to trail and the settlement table
Click news on the ihub tab for seci its there
Hmm very interesting that a brokerage firm virtue Americas llc has two amended statement of ownership filings listed for one for 5928 shares and the other 23106 seems like they have some skin in the game here
Ah yes I forgot that he was listed as inventor and the company as applicant.
The ceo does
My thought would be that people got the inference that the case would be settled on the 5th completely and were leveraging pps in a way so that it directly reflects what a favorable court outcome would be on a 9 year case this caught the attention of the sec and they stepped in and suspended the ticker till after the summary judgment is complete. Like you said they can suspend for a max of 10 days that's max they can also suspend for 4 and 7 I have seen so why extend a lengthy suspension to a company they feel had wrong doing unless they were trying to basically halt the ticker for a cool down essentially past the court date to allow people to apply more dd and realistic pps value. The otc is what it is if this have a larger ss I think the sec would have let it run longer past the court date as the pps swings would not be so large. Just a opinion I have been thinking on lately also