i only insinuated where the leaders/mgmt have refused to detail ongoings in publicly filed documents REQUIRED BY SECURITIES LAW.
how did they become 5% owners of MLOG without reporting and while in a dark period? where did those shares come from? it is only with their share gathering would they have had the shares needed to even approve/move forward the reverse merger without going to the general shareholders.
what happened to the other 1.5MM shares of MLOG stock that MOBL (MobilePro) owned? only 1.7MM are listed on the current NUTT major shareholder report (on last quarterly filing on pinksheets.com). they owned over 3MM at the time of their implosion and Wright was running the company at the time. where did those shares go? how did Mecc and Wright come into their shares and 1.5MM go unaccounted for from MBOL (to this day)?
why did Mecc and Wright not update MLOG financials prior to reverse merger as was reported they would do when originally announced?
why do Mecc and Wright still refuse to provide MLOG shareholders with accounting statements when they have a legal obligation and all legal terms are met for request?
why have they yet put out a 10K/year end statement to the private shareholders?
these are and remain very legitimate questions and are absolutely fair game in light of how NUTT came into existence during a dark period. the insinuations that there was "wrongdoing" during those times is supported by the rules and regulations for publicly traded companies during dark periods (which i have cc'd here).
further, in light of those ongoings - it is well within my right as a shareholder of both entities to question and assert concern over the legitimacy of what is reported with NUTT in lieu of what WASNT reported with MLOG (and still isnt).
the longer shareholders wait to question the financials of MLOG and/or go the SEC to open a formal investigation - the easier it is for those in control of the company to convert funds from IP settlements into salaries, bonuses, and such with ZERO public oversight (now that they are conveniently private).
all the talk of sunshine and roses down the road do not negate the path that was taken to get there. further, that tainted path will prevent any future potential until they come clean with the past irregularities.
if the company is willing to settle - i will forego further comment on past filings and failure to disclose if they make a reasonable and compelling offer for my MLOG and NUTT shares. to date, they have not taken me up on that offer.
AI
