Sunday, June 24, 2018 12:57:51 PM
It also brings no value to anybody offering to finance the deal. Since TRON is a former shell, for any finance company to cash in on any equity (shares) that they receive, a SEC registration statement would have to be filed for those shares.
The only real value the TRON shell has is as a vehicle for insider enrichmenty by H Wayne Hayes Jr while he slowly unloads those 70,000,000 free trading shares into the market.
And it could be argued that the way he received those shares broke securities regulations.
No broker was used for the 3(a)10 transaction. The SEC has busted people in the past for doing 3(a)10 transactions acting as their own unregistred broker (see the SEC order against IBC Funds LLC)
https://www.sec.gov/litigation/admin/2016/33-10042.pdf
Plus H Wayne Hayes Jr it could be argued is an affiliate because of his various key roles in the passing of the shell from Adam Tracy to his long time friend Rene Ortiz Morentin and the way that H Wayne Hayes Jr provided the TRON business operations, website, corporate address, etc as I detailed in my last post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141754506
That would be up to the SEC. Maybe the SEC will eventually take an interest in what has been going on with the H Wayne Hayes Jr shells (CEOS, TRON, CRSM, and IICN)
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