Inergetics Inc (fka NRTI)

[Capt_Smith77]

This guy, Joshua Sason, is the main reason the stock has collapsed and continued to drop. He's a toxic financier that's not only gotten great deals on NRTI stock to make instant profits, but he also has "Right of First Refusal" with Inergetics when it comes to any of her financing.

This is absolutely pathetic, and I kept wondering in the back of my mind who this 31 group was. Whenever I looked it up I didn't find much, and it wasn't until I searched the individual that it all made perfect sense. Who knows how much $$$ he's made on this stock; I'd be willing to bet it's in the millions by now.

http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing

What are Rights of First Refusal?

Rights of first refusal are agreements designed to restrict the marketability of ownership positions in a company (or partnership or LLC) to a particular set of owners. They restrict marketability because they discourage third parties from engaging in the time, effort, and expense of due diligence regarding investments.

Rights of first refusal often add months to the time that a transaction could occur, and they create great uncertainty for potential third party buyers as well as for selling shareholders