News Focus
News Focus
Followers 124
Posts 49213
Boards Moderated 0
Alias Born 09/06/2012

Re: panglozz post# 4882

Tuesday, 01/26/2016 10:51:55 AM

Tuesday, January 26, 2016 10:51:55 AM

Post# of 44330
So....did KBIO commit securities fraud in the documentation of the Private Placement?

the only thing that has to be proven is that the company had knowledge of the sealed MS criminal indictment and failed to amend the documentation before receiving the funds

bammm!




I think your timeline leaves out the key "factoid" that an indictment had already been published naming Shkreli, on Monday 12/14 -- before the equity deal closed.

12/3- KBIO enters into Securities Purchase Agreement - S-1 due within 60 days etc.
** 12/3 KBIO offers options to Armistice Capital
** 12/14 -- Federal court docket publishes "Sealed Indictment" vs. Shkreli
12/15 - KBIO Securities Purchase Agreement amendment #1

12/16 - KBIO Purchase Agreement consummated via 350,224 exempt shares (@ $29.32 per share) issued.


12/17 - Shkreli arrested @ 6:30 AM
12/17 - KBIO halted shortly before 7 AM
12/17 - Shkreli terminated.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today