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Stale cause havent traded in 6 months. Can you release shares if you are not trading?
Not many like this. We might never trade again and our shares could be worthless or our shares could improve our lives greatly! Weird place to be with very little communication except from out experts here.
Just gotta let stuff sort out in legal system. I wouldnt expect to hear much more this year, but maybe we get pleasantly surprised l.
Be safe if affected. Powerful slow storm
The issues with LG and CrownBridge certainly explain and confirm what others have been saying about the reasons why management purposely have taken us to expert market for the time being, doesnt it?
Why do you care? We cant trade. All of us have our shares and no one is selling on expert market. We either go broke or make it big. Only 2 options i see.
LG and Mr. Joseph Lerman did the same thing. Wow.
LG Capital Funding, LLC., and Joseph I. Lerman, et. al, 1:22-cv-03353 (E.D.N.Y. filed June 7, 2022)
The Securities and Exchange Commission today announced charges against LG Capital Funding, LLC ("LG Capital") and its managing member Joseph Lerman of Brooklyn, New York, for failing to register as securities dealers with the SEC. LG Capital and Lerman allegedly bought and sold billions of newly-issued shares of microcap securities, or "penny stocks," which generated millions of dollars for LG Capital and Lerman.
The SEC's complaint, filed in the Eastern District of New York, alleges that between at least January 2016 and December 2021, LG Capital engaged in the business of purchasing convertible notes from penny stock issuers, converting the notes into shares of stock at a large discount from the market price, and selling those newly issued shares into the market at a significant profit. LG Capital allegedly purchased over 300 convertible notes from more than 100 separate issuers and sold more than 22 billion shares of newly issued penny stock into the market, generating sales proceeds of approximately $30 million and net profits of approximately $20 million. As alleged, neither LG Capital nor Lerman were registered as a dealer with the SEC or associated with a registered dealer, in violation of the mandatory registration provisions of the federal securities laws. By failing to register, LG Capital and Lerman avoided certain regulatory obligations for dealers that govern their conduct in the marketplace, including regulatory inspections and oversight, financial responsibility requirements, and maintaining books and records.
The SEC's complaint charges LG Capital and Lerman with violating the registration provision of Section 15(a)(1) of the Securities Exchange Act of 1934, and charges Lerman with violating Section 20(a) of the Securities Exchange Act of 1934. The SEC seeks a permanent injunction, disgorgement of ill-gotten gains plus prejudgment interest, a civil penalty, a penny stock bar, and other equitable relief. The complaint also names as relief defendants LG Capital's two other members, Daniel Gellman and Boruch Greenberg, and LG Capital's primary employee, Eli Safdieh, who all allegedly received illicit proceeds from LG Capital and Lerman's violations
From January 1, 2016 through December 31, 2020 (“Relevant Period”), Crown Bridge and its managing members and owners Soheil and Sepas acted as securities dealers, engaged in the business of buying and selling large volumes of penny stocks for their own account, without being registered as a dealer with the SEC and without Soheil or Sepas associating with an SEC-registered dealer.
Crown Bridge’s business model was to buy convertible notes—a type of security—from penny stock issuers for the exclusive benefit of Soheil and Sepas, to convert the notes into unrestricted, newly issued shares of stock at a substantial discount to the thenprevailing market price (typically 25% to 50%), and then to quickly resell those shares into the public markets to capture the benefit of the discount.
During the Relevant Period, Crown Bridge, through Soheil and Sepas, purchased approximately 250 convertible notes from approximately 150 different penny stock issuers, many of which sold multiple notes to Crown Bridge over time. Through these notes, Crown Bridge was issued billions of unrestricted, newly issued shares of common stock. It resold approximately 35 billion newly issued, post-conversion shares into the public markets and generated millions in profits. By engaging in this business, Crown Bridge operated as an unregistered securities dealer.
By failing to comply with the dealer registration requirements of the Securities Exchange Act of 1934 (“Exchange Act”), Crown Bridge, Soheil, and Sepas avoided certain regulatory obligations for dealers that govern their conduct in the marketplace, including submitting to regulatory inspections and oversight, following financial responsibility rules, and maintaining books and records.
Crown Bridge continues to hold unconverted notes, unexercised warrants obtained in conjunction with convertible notes, and shares derived from converted notes.
Wow. Lg and CrownBridge. Wow. How did they think they could get away with this? Looks like more trash to clean up. What is with people. Greed or mental disorder?
Please dont pm me anymore filth
See you people dont know what you are talking about.
Are we getting added to this? Or is it a new suit? https://www.sec.gov/litigation/litreleases/2022/lr25410.htm
But yes. Lots of spewing last 7 years of hopes and promises and potential. So far nothing has materialized
Mnkd and Benwah unrelenting in their defending of Klug and the potential if this company. As long as Klug, Mnkd, and Benwah are the good guys we should be golden.
As long as what Benwah says happens. We so good! If not. We in major trouble
Why would they do this? On March 11, 2022, the Registrant, in exchange for full and complete mutual releases, agreed to repay in full on or before July 9, 2022, all of the outstanding 2020 Fixed Rate Convertible Notes (“Notes”) in principal amount of approximately $518,000 plus approximately $61,000, the amount of interest accrued as of June 30, 2021.
All that money for his 57 million shares? That are now worthless? Makes no sense
Well Schreiber certainly wins if this gets revoked. Made more than over half a million on 54 million sndd shares.
Codyco, Beancounter, anyone been to office lately? Whats the buzz?
These guys are right in the same building. Cant we get them to get us the reports filled? https://www.wmddh.com/contact
Where does Beechwood Properties stand in all this? They still own $sndd shares?
Would there be any chance for someone to aquire $sndd one day after revocation?
Then sndd becomes shell?
Def a possibility
Redhawk could just bail from $sndd and another company would eventually take over the ticker?
Exactly
Probably same place
I doubt anyone affiliated with Redhawk post here.
Klug posts here?
Have they done a big production run of sandd yet?
Sounds likely
Grey is dunzo. Still a chance with expert
They seem legit to me.
Hell of a con job here if they are all working together.
Most have some sort of knowledge of the inner workings of RedHawk
You think they are all lying?
People here seem to know their stuff.
Any updates Beancounter or anyone else who has been to office lately?