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https://www.sec.gov/litigation/litreleases/2020/lr24780.htm
SEC Charges Investment Adviser for Failing to Disclose Conflicts
Litigation Release No. 24780 / March 25, 2020
Securities and Exchange Commission v. Donald H. Hunter, Civil Action No. 3:20-cv-00391-RNC (D. Conn, filed March 24, 2020)
The Securities and Exchange Commission charged Donald H. Hunter, an unregistered investment adviser based in Ridgefield, Connecticut, with failing to disclose material conflicts of interest related to the sale of shares of You Angel Finance, LLC.
According to the SEC's complaint, in 2012 the Financial Industry Regulatory Authority found that Hunter had committed fraud in connection with the sale of promissory notes to some of his broker-dealer clients, and permanently barred him from associating with any FINRA-registered firm. The complaint alleges that Hunter subsequently established You Angel Finance as a private fund with no FINRA registration. As alleged, from late 2016 through 2018, while acting as investment adviser to You Angel Finance, Hunter raised approximately $430,000 from investors, claiming that You Angel Finance was supplying seed capital to or purchasing shares from a private drug research company. The complaint alleges that Hunter had acquired the company's shares personally or through companies he controlled, but as a result of the FINRA bar he was unable to sell them directly or indirectly to brokerage customers, as he had in the past. The complaint further alleges that Hunter failed adequately to disclose that the fund purchased the shares from Hunter or entities he controlled, or that he set the prices at which he sold those shares to the fund.
The complaint alleges that Hunter violated the antifraud provisions of Sections 206(1), 206(2), 206(3), and 206(4) of the Investment Advisers Act and Rule 206(4)-8 thereunder. The SEC seeks disgorgement of ill-gotten gains, prejudgment interest, financial penalties, and permanent injunctions against Hunter.
The SEC's investigation was conducted by Robert Baker, James Fay, Lawrence Pisto, and Patrick Noone. The litigation will be led by Senior Trial Counsel Rachel E. Hershfang.
OTC Pink Current Information...does that mean we are no longer alternative reporting? we have till end of this month for filing Annual 2019?
https://www.otcmarkets.com/stock/DEWM/disclosure
The changes seem negligible, but missed the misspelling of the street address... hopefully that won't cause a problem...
Dr. Marco Chairman, CEO, 3349 Springriidge Rd...
Argh, but that street address is spelled correctly on the other filings...
latest 2018 annual report (6 feb)
UPDATED
Number of Shares Opening Balance: 2,426,163,513 to 2,814,542,401
REMOVED
Johnny Riley controls Pitts Riley Group, LLC and J. Riley Consulting and has dispositive power over the shares. Veronica Brown
controls Dash Consulting and has dispositive power over the shares.
Some additional minor looking edits.
2018 annual report posted today
https://www.otcmarkets.com/stock/DEWM/disclosure
what is the difference with the earlier posting?
FDA responded on 27 August. Does anyone have the response?
Why is the price tanking after this contract award today?
https://www.fbo.gov/?s=opportunity&mode=form&id=a21b849ce3c5d9eb4e2875cbce4f2094&tab=core&_cview=1
I just invested this week. What is happening after hours???
Doesn't most longs have 5%. I thought filing was 10%.
The current OS for DEWM is 2,441,663,513.
Courtesy of Empire Stock Transfer (21 June 2017)
I wonder if they will continue to issue until they hit the O/S found in the current filing:
Total shares outstanding: 2,814,542,401
as of: 6/10/17
GAAP vs nonGAAP O/S
What is the difference between gaap vs nongaap O/S? I am trying to figure out dilution and how much is 5% ownership.
For some people (i.e. me), they don't have a choice in purchasing until the 'No information' flag has been removed. I just needed 10M more...what the fig
Fidelity Error:(TC9052) Opening transactions for Pink Sheets (without information) are not permitted because of the risks associated with these securities and all Microcap securities.
I can take 4-5M off your hands since i need about 20M more...
i am not there yet, so no idea.
Taken. Thanks for heads up
To all of those fed up, please post at 19, so I can get to 5%. Sorry for undercutting the 18 folks...
Yes, shareholders (i.e. owners of the company) can inspect financial records of the company although the legal guidelines for demand may vary by state. Also, I think that 5% owner may be able to request additional information. I am not sure if it is different for Dewmar because of their SEC status. In some states, you can recoup legal costs if your request is successful. Check with an attorney.
I can appreciate there is frustration with lack of news. Does anyone know what percentage of stock ownership would provide leverage to be more involved in the day to day? If there is such a percentage threshold, I am willing to work with others to get there. Thoughts?