InvestorsHub Logo

rca

Followers 18
Posts 1850
Boards Moderated 0
Alias Born 03/25/2006

rca

Re: ttgop post# 11089

Sunday, 07/16/2006 6:24:33 PM

Sunday, July 16, 2006 6:24:33 PM

Post# of 15765
Well there's no pump. The person obtained an option to acquire shares. They did not exercise their option before because they did not know how many shares Paul Taylor issued to himself which could have prevented the option from being exercised. Noone knew at the time that Paul intended to split 67000 to 1. But based solely on the track record, and without information as to when it was going to be, it appears the new owner did wait for the r/s to exercise his option.

Paul Taylor found himself in this situation by not realizing that, upon discovery of his fraud, the persons he appointed would not take action on their own to place the company in a position where it could become something. I negotiated the option as President since I had full power to do so being the sole director and officer at the time. I did not release information about it prior to it becoming a matter of public record, and it would not have provided benefit if it were publicly released.

What no-one expected was that: (1) Paul would issue literally billions of shares to dump them on the market which impeded a previous exercise of the option; and (2) Paul's ultimate reverse split would be so dramatic.

It was hoped that Paul would lay low and just focus on his CCDX once I publicly disclosed the fact that he forged my name on share issuances, but he's so brazen that he continued to issue shares and issue shares. That was not expected and added a complication.

As far as being sued, there is a two year statute of limitations on lawsuit from the time you could have reasonably known the facts in cases of fraud. I encourage anyone who has a legal claim against Mr. Taylor or other officers or agents of Telatinos to keep that in mind and to act promptly.

http://www.law.uc.edu/CCL/SOact/sec804.html


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.