Manzo Pharmaceuticals Inc. (MNZO)

[investor_61]

Keep in mind, Ken Manzo bought (or was given) a Pink Sheet shell with over $400,000 in debt, that was trading for thousandths of a penny, a DTC chill in place and MMG as its largest shareholder. To make matters worse, he received ZERO shares of common stock and had to issue $700,000 worth of shares to Ray Barton in exchange for $400,000 to clear the debt. Mind you, it's perfect for a pump and dump.

Perhaps there wasn't really any debt at all. Maybe MMG just cooked-up the debt so their buddy Barton could get a big block of stock, in exchange for helping them unload the FOGC shell. I wonder if Ken Manzo ever saw the check Barton wrote to MMG to pay off the debt?

By comparison, a clean OTC-QB shell that's trading at a dollar, with no debt, no DTC chill and with the buyer receiving 95% (or more) of the outstanding shares, usually sells for between $300,000 and $400,000. Furthermore, there are dozens of shells like this for sale at any given time. A shell like this is useless for a pump and dump. It requires too much disclosure.

So why buy the FOGC Pink Sheet shell from MMG? If Ray Barton had $400,000 to invest, why not buy a clean OTC-QB shell??? Where would MNZO be today if the company was fully reporting, the O/S was tightly held and the PPS was $1.00?