Manzo Pharmaceuticals Inc. (MNZO)

[investor_61]

Issuing restricted shares isn't a must; it's just easy and there's no documentation that accompanies the share issuance to prove what it was for and that it was necessary. There's also no public disclosure of who the shares were issued to.

There has been dilution. Manzo acquired a shell with a large debt, which was repaid by issuing a bunch of new shares to Barton and his associates. Then there was another new share issuance to Ken Manzo, Ray Barton and some unknown "directors" for "fees". If those shares aren't free trading, they can be as the restriction period has passed. In fact, that is the reason they acquired the FOGC shell. It gave them (MMG & Barton) an excuse to issue a bunch of shares. Why else would anyone acquire a "crappy" Pink Sheet shell with a bunch of debt, that could never be used to raise money?