It fits together here FWIW: And how Alliance Equities fits into these 2 CEOs and companies shenanigans
First Alliance posted many times to hype KKRW on raging bull(Posted under the name ALLIANCE) then in PRs and SEC filings KKRW claimed that Alliance Equities gave KKRW a 7 million line of credit which KKRW has yet to draw a penny from. And Instead have diluted shares by the millions many to Alliance .Then Alliance Equities gave the same promise to ECNC of 7 million line of credit. Now both companies have giving millions of shares to ALLIANCE for Consulting fees? And according to the SEC this is securities fraud.
Form S-8 is not available for consultants and advisors who directly or indirectly promote or maintain a market for the issuers securities; and
FROM THE SEC:Since the 1990 revisions, some issuers and promoters have misused Form S-8 as a means to distribute securities to the public without the protections of registration underSection 5 of the Securities Act. For example, the issuer registers on Form S-8 securities nominally offered and sold to employees or, more commonly, to so-called consultants. These persons then resell the securities in the public markets, at the direction of the issuer or a promoter.
In some cases, the consultants or employees perform limited or no additional services for the issuer. The consultants or employees then either remit to the issuer the proceeds from these resales, or apply those proceeds to pay expenses of the issuer that are not related to any service provided by the consultants or employees.[11]
Form S-8 also has been misused to register securities issued to compensate consultants and advisors for promoting the issuers securities.[12] This practice facilitates securities fraud by providing compensation as incentive to persons who hype the issuers stock, and may result in these persons conditioning the market for resales of the issuers securities.
Both of these CEOs have been in trouble with the SEC before and have been fined and punished and Tom Hughes iwas as of 10/29/01 on KKRWBOD.2 peas in a pod actually 3 with ALLIANCE .
You look at there two track record of fraud and misleading PRs and how a financial institution has never giving a dime to these 2 companies according to the SEC filings but IMO for Appearance has shown a line of credit to these 2 companies and has hyped on raging bull and leak: Inside Info from time to time. But Instead ALLIANCE has been giving shares paid for Consulting... fees for what? who knows, and has hype under the name B.Lemick with digging this I believed can be proving. , this is one big fishy fraud story. I dont even need to go in the all the BS hype misleading PRs Alex has dump shares into.
This is my take on it so far and I know the SEC wheels move slow sometimes but I believe you will be hearing more on this one day.
And a 1:20 reverse split where the shareholders get the shaft while Alex Kanaclueless class A shares actually Increase per SEC filing. What a fricking joke!
CAVEAT EMPTOR!
Oh yeah just like KKRWEASEL
This post release or any other I have ever posted should in no way be construed as a suggestion to purchase and or sell stock in Kanakaris Wireless or any other company. With the exception of historical information and facts, the matters discussed in this post may be forward-looking statements that involve a number of risk and uncertainties. The actual future results of Kanakaris Wireless could differ from those statements. And are the express opinion of the poster and just like Alex and KKRS could be totally different then what will actually happen. But with this disclaimer it doesn't really matter now does it?
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