Thursday, April 20, 2017 10:05:57 PM
The key here is that of the 11,684,438 shares in the float, Christopher Davies owned 10,657,217 shares (91% of the float). This whole pump&dump action is all about Davies selling his 10,657,217 shares for as much money as possible.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130667767
David Schmid is doing his part to help out with the pump&dump by putting out 5 press releases over the past month.
http://www.prnewswire.com/news-releases/lote-announces-new-ceo--first-acquisition-300426872.html
http://www.prnewswire.com/news-releases/us-government-approves-lotes-new-electric-vehicle-charging-stations-for-federal-facilities-300430334.html
http://www.prweb.com/releases/2017/04/prweb14213047.htm
http://www.prnewswire.com/news-releases/lote-expands-to-canadian-market-with-exclusive-distributor-agreement-300437909.html
http://www.prnewswire.com/news-releases/lote-targets-20mm-province-of-ontario-canada-incentives-300440823.html
It is driving me nuts that they don't mention any money received from Christopher Davies or any debt that was owed to Christopher Davies in the LOTE filings that would have led to him getting those shares. It's like they just gave the shares to Christopher Davies as part of some kind of illegal share selling scheme.
The SEC definitely should be looking at this one.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM