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Alias Born | 05/01/2010 |
Tuesday, April 24, 2018 10:39:55 AM
I'm confident it wasn't stolen/hijacked.
What is far more likely is that Brett made a deal with the owner to pay nothing, but let the owner retain shares which he can dump if Brett can pump up the price and get buyers.
After the reverse split crushed the previous shareholders, the previous management needs to not be associated with the stock in order to bring in more investors to be fleeced. My guess is Brett said, "Look what we've done with PNTV" and convinced the owner this was a way for the company to reinvent itself, take on toxic debt and run another pump and dump.
Look for them to start promoting "LOIs" and "partnerships", getting current with past filings so they can entice toxic lenders (of which Brett knows many from PNTV).
Then lookout below.
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