Nutroganics Inc. (NUTTQ)

[thesmalls]

the closest thing to share structure for comparison is last public filing of MLOG that was filed with SEC in 2004 and the most recent filing with pinksheets.com that the company (NUTT) just filed to remove the stop sign. obviously those share counts simply do not line up as neither Wright nor Meccarelli were 5% owners in 2004 and MLOG only had around 7.1MM shares outstanding in 2004 of which MOBL owned 3.1MM.

how could have either of those two individuals purchased the MLOG shares that MOBL owned? even if they were legally able to do it - as a public company -they still would have been required to report it via Form 4 even if the company was dark with respect to regular reporting.

somehow, they took control of the company from a share strucutre, reorganized the company with respect to share structure, and then spun it off when shareholders starting asking to many questions/applying pressure for transparent reporting on the ongoing IP settlements the company was winning. while none of those settlements were publicly disclosed, it is (or certainly seems obvious) they were successful for MLOG as they continued to do them and in subsequent trials requested venues with judges familiar with past cases to speed up trials based on past rulings. you certainly do not request that route if the judge/courts ruled against you in the past.

so - where did the cash/monies go from those settlements? are they ongoing royalties or one time payments. THIS IS MATERIAL INFORMATION and shareholders had (and still have a right) to know what came in and what went out. the company clammed up under the guise of being private. they were NOT private when the settlements were occurring.

any former MLOG shareholders should immediately file a complaint with the SEC if not already done so.

from SEC website:

Common violations that may lead to SEC investigations include:

Misrepresentation or omission of important information about securities

Manipulating the market prices of securities

Stealing customers' funds or securities

Violating broker-dealers' responsibility to treat customers fairly

Insider trading (violating a trust relationship by trading on material, non-public information about a security)

Selling unregistered securities.


the company DEFINITELY omitted material information about these settlements. while it is impossible to prove without seeing accounting - there appears to be theft/misappropriations of company funds/securities based on 2004 MLOG filings and subsequent 2014 NUTT filings.

http://www.sec.gov/complaint/tipscomplaint.shtml