Manzo Pharmaceuticals Inc. (MNZO)

[investor_61]

I'd be very surprised if MMG ever had a single share in their own name. Also, since anyone who owns 10% or more of the outstanding common stock is considered an insider, MMG likely has their shares in a bunch of different nominee company names, so as not to surpass the 10% threshold. We know for sure they owned more than 50% of the outstanding common stock prior to the merger or they would have had to obtain approval for the transaction from shareholders. We don't know anything about the merger transaction. For all we know, MMG could have acquired Manzo Pharma, not the other way around.

A big question in my mind is, what's in it for Ken Manzo? He owns preferred shares but not a single share of common. If a big company came along and bought the company, Manzo wouldn't make a red cent on the deal. Sure, he can issue restricted shares to himself but not very many. If the stock mysteriously rose to $1 per share, Manzo couldn't cash-in. It all makes no sense and I have to believe there's some element in the relationship between Manzo and MMG that's been kept a secret. You'll notice, on the State of Wyoming's web site, the official addresses of Manzo Pharma are MMG's address. Everything else has been changed; why not the official addresses. Also, IHUB's Manzo profile page lists Magna Biz as Manzo's IR firm but Magna Biz is just MMG in disguise. Don't believe me? Do a Google search on Magna Biz's address. Then there's the PR MMG issued a few weeks ago for Manzo. It all adds up to an on-going relationship between Manzo and MMG.