Sunday, June 25, 2006 3:50:09 PM
CCDX announced that it obtained 1.5MM in financing from Morgan Guaranty Co. LLC, a company we learned that he formed. He concealed that material fact.
CCDX announced that it acquired McLayne Industries, an ink jet cartridge whatever, but we learned he just formed the company.
CCDX announced that it "historically" had over 60 locations for its Beverly Hills Weight Loss, but concealed that they all went out of business.
Instead of convertible debt, CCDX has issued convertible "preferred shares" to PT's nominee companies and then issued three press releases that touted the idea as helping the shareholders. Paul Taylor concealed the terms of the preferred shares.
The only reason Paul Taylor is now using concealments instead of outright and blatant lies is because his name is on the company and he doesn't want to go to jail. He learned from his mistakes last time.
All the while, he was still printing shares over at NTCV which financed his CCDX nonsense.
The point when we need to lighten up is when Paul Taylor is sitting in the pokey or has been barred from trading. CCDX needs to rest in peace before shareholders, and I don't mean day-traders or professional pinkie players, invest in it and lose their money.
It's our duty.
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