Newly issued stock money does go to the company just like in an IPO in this case directly into the pockets of Giles and company. I have the number of Kat at the SEC I'll look it up and post it. I spoke to her several times final result was while she can't confirm or deny any investigation she certainly won't deny it
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.