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the subsidiary doesn't own the 557 million shares, vacarro the insider does. cashing out his shares, drunk as a skunk and smoking shit, planning his departure to costa rica, looking at properties.
the operative paragraph of the southridge amended complaint is para: # 62. It reads: "Although the rights of other parties that held rights to obtain common stock interest in Original Company (mymedicalcd, ltd) as a publicly traded corporation were subverted by the merger transaction, Vacarro, on information and belief, was able to retire SND's (Sign and Drive Auto Mall Inc) remaining portion of note 2 in exchange for the right to receive 577,523,089 shares of New PHI (potnetwork holding inc.) common stock; Vacarro thus used his control of Original company, NEW SND and PHI to provide himself and his company, SND, with preferential treatment"
so bottom line, vacarro's company, sign and drive auto mall, has the 577,523,089 shares of potn, for basically nothing.
way too risky. Cant touch this stock further. Could literally wake up to valueless, halted shares. Word is now public on vacarro. Play at your own risk. Cant ignore the now publuc information
if audit comes out, doubt it will, will show an ungodley amount of shares and price will tank.
wrong, sorry to say. Lawsuit says charles vacarro ripped off southridge and ended up with the 577 million shares. appears He is the insider diluter, principal of all three, companies.
lawsuit, in short, southridge alleges they got ripped off by charles vacarro who failed to honor their note's conversion rights and then changed the company's indentity by merger and personally ended up with the 577 million shares to convert. Charles Vacarro is the ringleader insider who now holds the 577 million shares, wrongfully obtained from Southridge. This would explain the dilution conversions...all going to charles vacarro, as alleged in complaint. NOT GOOD
60 plus pages. not sure how. you can get off federal pacer system by looking up case # in conn fed district court. # 3:17-cv-01925- JCH. Go to register of actions where they list all filed pleadings by date.
elk, thanks. I have my hands on the first amended complaint filed on jan 5, 2018. Will be reviewing today. Defendants have not yet filed answers, very early in case. I happen to be an attorney.
.20s this week. Mark it down.
audit: what if audit reveals there are actually a billion outstanding shares? price tanks. Still no response from company about retiring 300 mill shares or explaination of sign note and dilution. need press release on those. Why are they not?
maybe if all posters here inundated investor relations with emails seeking plain explanation on the notes, diluting, how many shares, can the company pay off the loans without so many shares converting etc., we could get a press release or answer.
I have sent one on that issue and the issue of the retirement of 300 million shares, what is the process, has it been done, how many shares currenty outstanding etc.
No answers yet. Billy thinks they won't respond. If you call investor relations, they say they only respond to emails. Thoughts?
happy trade, that would make sense, not sure what company did cause they haven't answered email inquiry on the subject. On its face from financials, doesn't appear so. Would be so easy to explain that if true and put everyone's mind at ease. Watching level 2 and sell ask blocks sure looks like diluting going on though which always roadblocks a big move up...not to mention the fluff news pieces that seem intended to pump?
peace general. hope it works out. took my cbd med and hitting sack...it is a good product and they have lots of em. just wish they would clean up toxic debt
dont you get it, the lenders of the notes are company insiders, diluting for themselves while screwing investors. pumping their stock to dilute. Probably have already made enough to bail on the company and try to disappear before going to jail. they make 250 million on a 2 million loan.. 2 million used to pump the stock.
stock share retirement....someone show me where that is actually done....its not...company ignoring email on that question and 250million sign note shares liquidation question....now news of a lawsuit?
do you have a link to that lawsuit? or where did u see it?
can you post the email you sent. What is the email address?
is it even legal to pay someone to put a price target out on your company?? no, but has that ever stopped them and the sign lenders
now its 750k @ .34
see a buy order for 600k shares at .34. MMS going to drive it down now?. Starting the 50k sell blocks.
low volume, no buyers. Will see red.DILUTION. Line the wallets of SIGN. No response from investor relations.
dilution rally kill. Will drop today when it should fly. Brick wall of dilution sales.
they had 1 million as of feb 15 per the pr. they announced 500k internet sales for feb. They did not and will not release full feb numbers, only end of quarter. Bet?
probably 1.5 or 1.6. which is why they wont release them.
agree jersy. Would like to see it clean up but until then, it could literally be closed for trading at any time. Bigtime rusk. Very Bigly
ya, that explains 12,500 percent interest. 250 million dollars later gets you 2 million now. pyfhooya.....figure that one out smh
probably correct unless they present a solution to the toxic debt before or at the time of the audit release. If not, even audit wont help. Cant increase in price with a billion new shares being added to float.
block dilution sell of 196,000 shares at @.36
SEC wont abide by an insider loan of 2 million dollars being paid back with 250 million dollars of company equity. TROUBLE AHEAD. MAY BE SHUT DOWN by SEC PRIOR TO ANY FAKE AUDIT.
stallion, a little too diversified. Potn is diluting with insider lender predatory conversions, fraud.
96,000 dilution sell block
mms gobbling up the higher bid blocks with dilution shares.
plummeting. The note issue and dilution needs to be cleared up now. Buyers are wise to this now.
I just sent the following email to client relations. As you know, email is the only way to communicate with them.
"I believe it has been at least six months since the company said it would be retiring 300 million outstanding shares of the company. What is the process for that and when will it be done? The 2017 financial release indicated it was in process. When can shareholders expect that to be finalized? Does that have anything to do with the SIGN notes?"
WILL TELL BOARD IF I GET A RESPONSE
that was in regards to dilution on the note. This is about retiring 300 million shares. Two separate issues thankyou for your attention.
going to email company to ask process and time frame for retiring 300 million shares. Announced six months ago am i right, not done yet.
overall revenue was probably 1.6 million for february so they wont announce that. Thats the reason for the puff piece on 500 K. INTERNET SALES.
sell block...176,000 right when it went up a little
sent potn an email to ask for an explanation as to a two million dollar note being paid back at 12,500 percent interest or 250 million. Asked who the sign individuals are who loaned the money and how the terms are not a breach of fuduciary duty or fraud. Who borrows 2 million in exchange for 250 million?
just called investor relations. Recording says they only reply by email.....which they never do. flood them with emails about the notes.