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Re: Arnold25764 post# 16432

Tuesday, 05/23/2017 4:07:48 PM

Tuesday, May 23, 2017 4:07:48 PM

Post# of 75092
Pretty sure that if you tell one shareholder that you have $1.2m+ in assets (when CCTL has last reported 65k in assets), with out telling ALL of the shareholders, the one shareholder now has very material insider information. If that one shareholder then makes a trade based on that information, that is a criminal offense based on 17 CFR 240.10b5-1, which permits criminal liability for an individual who trades on any stock based upon the misappropriated information. Same situation with the merger. That is material information. Both the assets and possible corporate action are material, non-public information. Doesn't mater if he shared it with the board of no more than 50? individuals.

Posting it on this board could also be a criminal offense. The law also prohibits "tipping" friends(viewers of Ihub?) about non-public information that may influence the company's stock price. An individual who receives such a tip becomes imputed with the same duty as the insider. In other words, a friend must not make a trade based upon that privileged information. Failure to abide by the duty constitutes insider trading and creates grounds for prosecution.

Just being real here. It's not like the SEC is going to look at this penny stock. However, if CCTL goes where you all want it to go, to the moon, then there's a possibility it could catch the SEC's eye.

Ah, I see the last shareholder update.

We are also pursuing merger and acquisition opportunities outside of our current business model with a view toward eventually evolving into a holding company with diversified assets involved in multiple markets, thus minimizing our exposure to market fluctuations within a single sector.


@OTCMondragon