It has been mentioned on the board about this being a share selling scam.
Can anyone please explain clearly what evidence there is of that being the case?
For THIS stock (not others, this stock):
What kind of share selling scam? Describe it.
Who benefits from it? The board of directors, the largest shareholder (McKea Holdings), some vendors/associated third parties, the lenders in cohoots with management, who?
Certainly all those lenders could have benefited and they can negatively affect the company by shorting the shares that get converted. And certainly the company can make bad choices about which firms to lend from - does that make the company crooks, and how did they benefit if they DIDNT MAKE ANY MONEY?
The only argument I can see being made, and that argument wont hold water in this case, is if the company was kept afloat via us investors for the purpose of allowing employees (more specifically those at the top) to have DECENT/ABOVE Standard PAYING jobs that they are are or are not qualified to hold whereas otherwise they would not have jobs at XCLK if the company stopped operators and would have to get new jobs). I can say right now that that is not the case - they are lucky to have jobs and they aint making a lot. In fact the declarations show almost no shares given out to execs (if that is not the case I have not been able to find otherwise).
Is there one insider who has made any money from the XCLK and can anyone provide evidence of that? Are they standing to make money thru share selling and that that day has NOT yet come for when they will be making that money but that it is coming?
All kinds of accusations can be made, but without being able to answer these questions, I can't see how the accusations can be substantiated.
