Sunday, March 05, 2017 3:12:16 PM
If you're going to make accusations you should quote the source and the full context...
Can Midam Ventures Survive
First, it confirms that Wolf's company normally gets paid in restricted shares. So if there was any payment by mCig, which as yet has not been definitively proven, they were most likely paid in restricted shares which could not be sold for at least six months. It also makes it unlikely that Wolf is engaging in pump and dump activity...
Moreover, the accusation isn't that he sold restricted shares. Those shares have to have the restriction removed by the company and it's transfer agent before that can happen. The accusation is that they violated their agreement with the customer not to sell more than 50,000 shares/day after the restrictions were removed, and even this limited accusation does not have any proof...
The total shares in question was 1.4 million out of 23 million givin to Midam. LOL They really made a killing didn't they.
The only thing said about short sales by Midam is that RXMD's lawsuit "could lead to speculation that Midam itself short sold PPMH". This is far from proof of anything other than some people like to fantasize.
Les
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