Tuesday, January 02, 2018 1:43:52 PM
Christopher Esposito, CEO of Mobicard Inc (Peer to peer network) & is also CEO of Lionshare Ventures LLC., is a convicted fraud and seems to be up to his old/recent tricks. See SEC filing from April 2017 https://www.sec.gov/litigation/litreleases/2017/lr23807.htm.
Take particular note from the filing:
"Esposito and Lionshare allegedly did this by, among other things, installing James Gondolfe as the sole officer and director of Cannabiz - even though Esposito secretly controlled the company - to make false statements in Cannabiz's public filings and other documents. Esposito paid third-party stock promoters to tout Cannabiz stock in order to increase its stock price and trading volume; he sold significant amounts of Cannabiz convertible debt to others for almost $304,000; and with Pignatello and Renee Galizio of Loxahatchee, Florida, sold millions of shares of Cannabiz stock directly into the public market."
Basically guilty of paying people to pump up the the stock and then he sells so he can make a buck - looks very similar to what is going on here.
Other things to take note of: The code2action link on Mobicard's facebook page goes to some comepletely non related entity's website.
Their website and app look like it's been designed by a child with a love for the 90's Windows 95 feel.
Their subscriptions are up 900%, what does that mean? They had one subscription and now they have 9?
No announcement on their supposed launch January 1st - why?
Don't get burned.
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