Thursday, September 18, 2014 10:40:29 AM
Taylor Moffitt may have run afoul of Iowa State Law (not to mention FINRA and SEC Ethical Practices) by accepting shares into his dissolved company, Kelso Office Services LLC, AFTER the company had been dissolved.
Moffitt was obviously using Kelso as a shell company to disguise his involvement, and probably his company "Inner Core Group"'s involvement with RIGH.
Here's Kelso Declaration of Dissolution, dated August 14, 2013:
And here's the RIGH disclosure of shares given to Kelso on or about November 25, 2013:
Shareholders can only speculate about the nature of the involvement of Moffitt and "Inner Core Group" and/or Greenridge Capital, because RIGH CEO Aaron "Angel" Stanz has never disclosed the reasons for distributing almost 30 BILLION shares to shadowy parties Salvatore Tuzzolino, US Coproducts, and Kelso Office Services:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105723952
It is clear, however, that Taylor Moffitt's use of a "dissolved" company, Kelso Office Services, may well have run afoul of Iowa law, or just now be skirting discovery by Iowa agencies.
Iowa Code 489.702 states that:
http://coolice.legis.iowa.gov/cool-ice/default.asp?category=billinfo&service=iowacode&ga=83&input=489#489.701
So it is questionable at best whether Moffitt was authorized to even RECEIVE the 1.499 BILLION shares in November, 2013 (certainly not a "reasonable time" for an outstanding payment for "services unknown and unnamed").
Further, the untimely disposition of those shares more than ONE YEAR AFTER THE DISSOLUTION OF KELSO OFFICE SERVICES, is almost certainly a violation of the Iowa code.
Of course, the 1.499 BILLION shares RIGH CEO Angel claims to have "re-purchased" (WITH WHAT? RIGH is in the hole for $3MM+!), may have come from Moffitt's cohort Carlos Febles' pseudo-company US Coproducts which was created a mere two months before being given 1.499 BILLION shares.
In any case neither Iowa, nor FINRA, nor the SEC would look kindly on these obvious attempts to obfuscate Inner Core Group's involvement with RIGH.
I hope Taylor Moffit of Holydean's investors at Inner Core Group have a good handle on what they're getting themselves into.
An "investment bank" wannabe, built on shifting sands of shady dealings, doesn't have very bright prospects for future investments.
Of course, there are other variables that may be at play here, and shareholders can only speculate as I have above. The lack of transparency from RIGH leaves no other choice- intensive Due Diligence and reasonable speculation.
What IS clear is that Angel is not "re-purchasing" Moffitt's shares out of a concern for the common shareholder, but rather to pay off services yet unknown. And, judging by all the "dumping" in the last few months, the payoff was a handsome one..
All presented as opinion, of course. Please do your own DD.
Best to all.
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