Don’t want to seem negative since I invested in this stock but was just googling around and stumbled upon this. I know people can change but I hope this isn’t happening to PTOP. Maybe you guys have some info?
TLDR: Pump and dump from his other businesses. Build them up.. Watch them decay while normal people invest.
I hope this isn’t true since I like the idea behind PTOP and believe it can be a legitimate company in the future.
Article:
Being involved in a past Venture Capital Funding & Project Consultancy Service myself for some years, my intuition and DD ability started, and so we looked into this because of all the confusion and concerns and mystery to be honest. Something does not make sense here, and after Mr. Esposito (who is in Boston) e-mailed us weeks later from the orginal letter we sent to Brazil HQ, it further widens this mystery for us who still own the old RBRM stock which was converted to LGBI stock and cannot do anything with it... But, in what our understanding is speaking to Mr. Esposito and his supposed background credentials, seems he is in some form of business to take majority control of certain OTC stocks and then use shell companies to do reverse mergers or reverse stock splits of those shares to re-list them on OTC at much higher prices... But, firstly, he or anyone on inside seems to be given initial convertible shares (for financial support to Lionshare Ventures) at literally zero valuation (SEC require certian number of Investors to create ticker listing symbol?), so when the real publicly tradeable shares come to market for the general public to list on say OTC exchange, they who had those convertibles then receive equal amount of the listed public listed shares at the current, usually much higher opening listed price, and then sell off making massive profits and walk away; whicle the general public who invests seeing this, sees initial strength in the stock listed and keeps buying, but then the buying dries up, the stock sits, and slowly decays back down to literally worthless value with no PR's coming or company updates as expected. Then the whole process restarts again, picking up massive amounts of ruined OTC listed stock, re-list under new ticker, get private Investors to financially support you doing so to meet SEC listing requirements and give THEM the convertible shares before the real listed public shares are available, draw public in after the IPO, convert those convertibles into equal shares of the now listed common shares and sell those into that new public listing, etc....WASH, RINSE, REPEAT
At least this is what we can summise of all this and what Mr. Esposito speaks of, sounding more like a penny stock Promoter and Salesman trying to pull in private capital investors beforehand to meet SEC listing requirements of said company and its soon-to-be listed ticker on the exchange.
AI
