Funny stuff..."Barry Honig sued me for libel for multiple stories I reported on and then suddenly dropped the suit two days before our motion to dismiss was to be filled with back up documents sourcing the reporting and a copy of a SEC subpoena that names him and others who invested in MGT Capital. Honig had originally demanded I apologize for my reporting and denies he is under SEC investigation. The reporting stands and I never apologize for informing the public on a matter of public interest. I would like to thank my attorneys Chuck Tobin and Christine Walz at Holland and Knight for their excellent legal work that helped protect sources and support accurate truthful reporting and opinion."
Anyone who hangs around here is familiar with BSeth Shaw's cries of "slanderous"... He and his cronies like to make veiled threats about libel suits too... according to one source, he allegedly plunked down a hefty retainer and we were to get a PR naming names... That was 9 months ago...lol...
Here is a portion of a court case that I shared that got him riled up...
Ha! I could not care less whether ROI wins or loses their battle... I am FAR more interested in their claims that BSeth was acting illegally
"CONCLUSION Petitioner's testimony and the entire body of evidence supports Respondent's defenses that Petitioner (i) is an unregistered broker, (ii) has been an unregistered broker for more than a decade, (iii) entered into a contract to provide unregistered broker services to Respondent, and (iv) offered to enter into multiple subsequent unregistered broker agreements with Respondent. Petitioner is the definitional personification of an unregistered broker and is required to hold a Series 79 designation with FINRA. Accordingly, the Arbitrator's determination that Petitioner was simply a finder and not engaged in proscribed broker activities is completely irrational and exhibits a manifest disregard of law. In addition, the Arbitrator's last-minute consideration of non-existent law relating to a fictitious time bar to a defense, as well as the notion that an innocent counterparty is a willing participant to an illegal contract when the petitioner is the party that both created the illegality and concealed the facts necessary to reveal the illegality, are completely irrational and exhibit a manifest disregard of law. WHEREFORE, Respondent prays that (i) the Partial Final Award and Final Award be vacated in their entirety, and (ii) the Petition be dismissed with prejudice."
Most finders are engaged by issuers under finder’s, advisory, or other arrangements, which typically require payment of “success fees” upon completion of a financing transaction. While these arrangements are sometimes structured to try to hide or disguise the true intent of the arrangement, payment of transaction-based compensation is treated by U.S. securities regulators as a nearly-conclusive indication that a person is engaged in the securities business and should be registered as a broker-dealer."
More importantly, will the SEC and FINRA agree?
I can not wait to find out!
SADLY...WE NEVER DID GET TO SEE A DICISION FROM THE COURT IN THAT CASE... ROII apparently dropped the ball. Rumor has it that BSeth settled with the "new" CEO. Since the company is way behind on its filings, I have not been able to confirm.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.