Wednesday, July 12, 2017 11:19:40 PM
Without proper auditing to verify and without ethical legal counsel, even if he stated 200 million in sales, it could all be a hoax.
Also if he ststes huge revenues but also huge share issuances and the earnings per share is always negative it is also part of the shell game.
This private sector hiding behind forward looking statements entity is a prime example why regulations and Government intervention is needed.
Shareholders can also contact contingency based lawyers and band together for class action suits. There is strength in numbers.
The United States Government should at some time at least make an enquiry. Too many red flags to be ignored here. Stock issuances should be a red flag with the IRS , the numerous criminal consultants should be a red flag to the SEC and the California Attorney general should be interested in how the company conducts business.
I remember over a decade ago, he had a bunch of the MD personal devices hanging on the walls as you walked into the office. It made it seem like products were being developed, but I never saw any of the products in real world applications.
The MD cell centric Instacare failure was blamed on the Obama administration.
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