SLDC was promoted by Market Insider newsletter they got their subscribers in at $.50 and higher then they slammed the stock down their throats. They did the same thing with RETC. No coincidence both stocks dropped 75% in one day. These guys are scam artists and are not to be trusted. Please pass along to all investor hub traders. These guys should be investigated by the SEC.
I know all about this stock including what person really hijacked the shell and set up the fake back dated debt Notes that were turned into 20,000,000 free trading shares of stock at $.001/share. I researched it thoroughly back when the first significant volume hit on July 17th.
Those 20,000,000 free trading shares of stock made up pretty much the entire float of 20,959,604 when the paid promotion started. They issued 44M shares between May & June which would have doubled the float.
This same person did the same exact thing with HAGE and UMFG (hijacked them then set-up fake back dated debt Notes which were used to create a bunch of free trading stock that was dumped during paid promotion activity). This person controlled virtually the entire float in those tickers too but hid their ownership by dividing the stock up among a bunch of different entities to be dumped into the market.
A little money was tossed at SLDC by the insider to support it with some big bids and some wash trading early on, but in the end it didn't matter. It ended up just like HAGE and UMFG and all the other tickers this scum bag has hijacked and used for illegal share selling scheme with fake back dated debt Notes.
Think about this. The Debt Notes were not even real. They were dated back to February 6, 2013 and January 21, 2015. That's well over a year before the ticker was even hijacked in Minnesota (October 31, 2016) during a time when the shell was abandoned and had no leadership and no business operations. Nobody was around to borrow money - the ticker was abandoned. So our insider whose initials are J.J. never actually gave SLDC any money.
Those fake debt Notes were then turned into 20,000,000 free trading shares of stock. So J.J. got 20,000,000 shares for pretty nothing (obviously he spent a little money to hijack the shell and get the attorney letters and OTC filings done).
You can't just dump 20,000,000 shares into the market without having somebody to buy them. That's why a promotion was paid for and that's why you saw the early bid support and wash trading (to create a false sense of security and false retail interest in the stock). That's how they sucker in buyers to take the 20,000,000 shares.
Keep in mind J.J. has been doing this for a long long time going back to the 1990s. I'm sure he made some money recently from his illegal HAGE and UMFG share selling schemes.
FINRA might be taking a good look this time. J.J. has been getting away with a lot of illegal stuff for a very long time, but I have a feeling his luck might be running out soon.
SLDC was a scam from the day it was hijacked in the state of Minnesota. The debt Notes are a sham. The business operations are a sham. Even the nominee CEO this insider used is a sham. Everything about SLDC is a sham.
Anyone who didn't know that $SLDC is a scam got what they deserved. Other tickers this person hijacked in the past then used to illegally create free trading stock from fake back dated debt Notes included AVLS, ANAS, ILAS, and GVSI. No one knows what's going on here don't dare listen to those who claim they do.
Company number - 612-287-5832. Goes directly into the CEO voicemail with his name as John Stover.
Ok. These guys are trying to do what 200 other companies are already doing.
Ok. Math.
20k. Go buy a shell - rename
10k. Pay promoter.
500. Put out a PR
Sell shares. Millionaire.
