Resonate Blends Inc (KOAN)

[mdimport]

Would_you_give_your_life_savings_to_a_convicted_fraudster?

Following a criminal conviction, then after serving ones term, there's generally a 5-year ban. However there are different felony crimes, and someone wth a felony conviction for fraud or theft will never serve as an officer or director on a public traded company again.

A criminal background check in most cases will reveal the fraud or theft conviction to the hiring company. Option Trader exposed Shelly Singhal's fraud conviction via a Google search.

If one were running a public traded company, one should perform a background check as part of risk mitigation. Why would one then knowingly hire someone or even associate with someone who has a fraud conviction?

Having hired Shelly Singhal, Wais is now tied directly to a known fraudster, and the unregistered penny stock promoter is supporting a convicted fraud felon who fled the US.

To be struck by one act of fraud lightning would be pretty bad, twice stinks like rotten Philly Cheese.