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"In connection with investor redemptions it could not meet in 2008, Yorkville Advisors restructured its hedge fund operations, creating special purpose vehicles and giving redeeming investors the option of receiving securities in-kind or ownership in the SPVs. The SPVs were distributed pro-rata participation interests in various Yorkville securities."
Now that sounds familiar.
http://www.forbes.com/sites/nathanvardi/2012/10/17/sec-charges-formerly-1-billion-yorkville-advisors-hedge-fund-with-fraud-and-bogus-valuations/print/
Jail for what Jack, mismanagement? If that's a crime then lock up the Wells Fargo CEO too. And so on. This was a start up co. and apparently board experts say the tech was garbage and the patents not worth anything. So what is your case? If there is something criminal the trail leads to YA imo. I think I will inquire with the SEC. Nothing to lose. Join me?
Done! And thank you Wilma! I will share whatever I hear back.
Wilma, I hold 11M shares. Have been holding for 2 years or so. I have never rec'd an offer / letter. I'd like to e-mail this guy Joseph as well if ok with you?
And moreover, "Laura belongs in jail" even though the patents and tech was worthless, and YA has been above board. I think this is all becoming quite clear. Talk amongst yourselves. You all do a great job of it.
But you had said last week that you were back in at $2.01, then it dropped like a rock. Hmmmmmmmmm.
Seems like a whole lot of protecting of YA going on here. I hear a lot of people talking out two sides of their mouths. Oh "YA are terrible people, unscrupulous," and so on...YET "the technology was junk and there was nothing here to begin with". So which is it? I think we got some people here trying to deflect us from finding the true story. Scan and Bent et al, keep at it!
Last run went .002 to .008! Maybe we break that and go to pennyland. GL!
I am sure people are hoping to get out with as little loss as possible, so denial is rampant! I know you made money, but not all did.
What country do you think they all might run to, or at least JM? Not Belize. Not Guatemala. Any other ideas?
Dude, the stock would not be halted for something so inane.
Maybe Microsoft bought them !
See, even you have questions! All is not known. Why does this stock trade? It is available to buy. Would that not be a crime to allow it to trade when there was nothing behind it? So perhaps YA owns the shell. Show me a link saying this is not a shell. That goes for you too Pop! And what if there is a side agreement for Soon-Siong to take this and all patents, when ready? Show me where that is an absolute zero probability. Not words. Show me!
Not desperate at all Jack. Hopeful perhaps. IMO there are forces here that want to make sure shares are not bought. Why is that? It's a little too obvious to me. I'm in the camp that the whole story is not told, and there is more to this than meets the eye. There are some arrogant attitudes here, that I know.
Thank you. What I like about this guy is that he puts out real press, not just pump crap. IMO, a sign of a real CEO and a good company.
Not everyone is riding "free" shares here.
Do you know what you bought into? Now it sounds like you are clueless
Bentobox, what is your opinion as to what has happened here with NEOM and what will happen, esp to the stock we hold. TIA!
Filings today show insiders bought more, right? Not a ton, but they did buy at .30
Maybe a tweet, too!
I can't wait to see the financials. I wonder if they will be audited financials. Probably best since SEC is watching. I wonder if SEC will want proof of that bitcoin "hard to trace" money. Thoughts?
ok, you win! Cheers
I surmise they will need money soon for more alcohol for their board meetings. It's just a matter of time.
Have a great day!
ooooo ha ha ha ha! o.k! I imagine they wanted to dump into this spectacular news. Can't wait to see what happens when they do anyway.
I just did a little research on how hard it is to mine bitcoins, never mind the exorbitant cost to do so. But of course MGT has hydro power, and a fully-owned facility. LOL! Right. And in no time at all, they are mining 90 bitcoins per month! Lol. Precious. Seems no one is buying the hype.
you do know that if they release news, it has to be REAL and not made up baloney? You know...since the SEC is watching and all. I guess I'm saying that it better be verifiable and very good.
Nice job! Thank you
thank you hobowilly. I hope to find a runner!
Best,
K
That's ok. No need for me to disclose where I worked. It was a commercial real estate firm. I, or they, are not being traded on the stock market. My only concern is if MGT unravels and gets halted, etc...then there is nothing. It's not a chance I am willing to take. I hope no one gets burned, but that's the market. I just hope they are legit. I don't think it is, but others seem to be all in. Good luck to you on your investment here!
Sorry. It is the company I worked for. "My" employer. But I left three months ago. Am now retired, or semi-retired. I'll see how this works out. So my previous employer has 20 or so people just working on internal initiatives. They purchased another company and are integrating the system of the purchased co into the parent co. And MGT has one guy that will POOF! create a new product that will revolutionize the tech world? OMG. So funny!!!! all in three months?? Hilarious! Will this be happening while the directors dump their shares? LOL!!!
Funny you use the word "killer". Lol. Anyway, who exactly is working on this product that will POOF appear before our very eyes? Being that JM has been preoccupied with other things....I wonder how he has kept up with technology. Maybe one of his drinking buddies will do it?? Poof! It's so easy maybe I'll do it. Lol. I know at my company we have a team of 20 working round the clock on our initiatives. They get paid salaries. Lol. And 20 people just for our company but JM will change Internet how??
True. It's the SEC investigation and the NYSE refusal to allow more shares and the Class Action lawsuits that are more interesting!
Definitely! Sort of sucks for anyone that paid $5.00 though. And of course if it gets halted then it will really suck.
Seems JM had probable cause. JM was near the murder scene. JM knew the murdered. JM fled the country. Yes, those are facts. Sorry. Now JM may want to suit Showtime, but I think it will break open this whole case if he does. It might be good to ger this resolved, eh? And this time he might get extradited to Belize. So sorry.
Wow. Yea...that's powerful. Thumbs up.
And just how do you know it's false? Please tell. Yes, JM defending his name should be precious. Lots more investigating and going places he may not want people to go.
Imo. Should be interesteing, eh?
Big deal. Of course he's fighting back. So did OJ. Company is still crap. It feeds on the ignorant that know nothing about security, clouds, and free space.
Just like that! Poof! Who did the work? They have no money for employees. No other company on earth thought of this revolutionary technology but JM? And it only took 8 weeks!! Omg.
Lmao. Yea this is just normal stuff that every company encounters!
Slander? Care to refute with facts?